Company: NCZ-PA
Filing Date: 2025-04-11
Form Type: N-CSR
Source: 0001193125-25-079060
Chunk: 30

Company: Virtus Convertible & Income Fund II
Filing Date: 2025-04-11
Form: N-CSR
Chunk 30
---
 index is calculated on a total return basis with dividends reinvested. The index is unmanaged, its returns do not reflect any fees, expenses, or sales charges, and it is not available for direct investment.

#### Russell 2000®Index
The Russell 2000 ® Index is a market capitalization-weighted index of the 2,000 smallest companies in the Russell Universe, which comprises the 3,000 largest U.S. companies. The index is
calculated on a total return basis with dividends reinvested. The index is unmanaged, its returns do not reflect any fees, expenses, or sales charges, and it is not available for direct investment.

#### Secured Overnight Financing Rate (“SOFR”)
A broad measure of the cost of borrowing cash overnight
collateralized by U.S. Treasury securities.

#### S&P 500®Index
The S&P 500 ® Index is a free-float market capitalization-weighted index of 500 of the largest U.S. companies. The index is calculated on a total return basis with dividends reinvested.
The index is unmanaged, its returns do not reflect any fees, expenses, or sales charges, and it is not available for direct investment.

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#### KEY INVESTMENT TERMS
(Unaudited) (Continued)

#### January 31, 2025

#### Yield Curve
A yield curve is a line on a graph plotting the interest rates,
at a set point in time, of bonds having equal credit quality but different maturity dates.

<div align='center'>20</div>

Artificial Intelligence & Technology Opportunities Fund (AIO) SCHEDULE OF INVESTMENTS January 31, 2025 ($ reported in thousands)

|                                 |        Par 
      Value |     |      Value |
| Convertible                     
 Bonds and Notes—31.2%           |            |     |            |
| Auto                            
 Manufacturers—1.2%              |            |     |            |
| Rivian                          
 Automotive, Inc.                
 4.625%, 3/15/29(1)              | $    9,575 |     | $    9,501 |
| Commercial                      
 Services—3.3%                   |            |     |            |
| Affirm                          
 Holdings, Inc. 144A             
 0.750%, 12/15/29(2)             |      5,550 |     |      5,425 |
| Global