# EDGAR Filing Document

**Accession Number:** 0001423227
**File Stem:** 0000940400-25-009417
**Filing Date:** 2025-11
**Character Count:** 48538
**Document Hash:** 803cf48de569c113670fd1573e38791f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-25-009417.hdr.sgml**: 20251124

**ACCESSION NUMBER**: 0000940400-25-009417

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251124

**DATE AS OF CHANGE**: 20251124

**PERIOD START**: 20250930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Virtus Strategy Trust
- **CENTRAL INDEX KEY:** 0001423227

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22167
- **FILM NUMBER:** 251512094

**BUSINESS ADDRESS:**
- **STREET 1:** 101 MUNSON STEET
- **CITY:** GREENFIELD
- **STATE:** MA
- **ZIP:** 01301
- **BUSINESS PHONE:** 800-243-1574

**MAIL ADDRESS:**
- **STREET 1:** ONE FINANCIAL PLAZA
- **STREET 2:** 26TH FLOOR
- **CITY:** HARTFORD
- **STATE:** CT
- **ZIP:** 06103

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Allianz Funds Multi-Strategy Trust
- **DATE OF NAME CHANGE:** 20080109

## Series and Classes Contracts Data

### Virtus Convertible Fund (Series ID: S000028359)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000086658 | Class A             | ANZAX           |
| C000086659 | Class C             | ANZCX           |
| C000086661 | Institutional Class | ANNPX           |
| C000235255 | Class R6            | VAADX           |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Virtus Strategy Trust

- **b. Investment Company Act file number:** 811-22167

- **c. CIK number of Registrant:** 0001423227

- **d. LEI of Registrant:** 549300PO6JSVIR6RII57

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 101 MUNSON STREET

  - **City:** GREENFIELD

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 01301-9668

  - **Telephone number:** 800-243-1574

**Item A.2. Information about the Series.**

- **a. Name of Series:** Virtus Convertible Fund

- **b. EDGAR series identifier (if any):** S000028359

- **c. LEI of Series:** 54930013S4E21M83HR93

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-09-30

- **b. Date as of which information is reported:** 2025-09-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $1457789015.21

**Total Liabilities:** $3966717.19

**Net Assets:** $1453822298.02

**Cash Not Reported:** $40232047.28

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** -39.22000000 | **1-Year:** -738.22000000 | **5-Year:** -20490.92000000 | **10-Year:** -996.41000000 | **30-Year:** -36236.48000000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** -20.65000000 | **1-Year:** -1870.51000000 | **5-Year:** -132270.07000000 | **10-Year:** -40261.76000000 | **30-Year:** -2377.15000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000086659 | 2.49%                | 3.21%                | 5.13%                |
| Class ID C000235255 | 2.61%                | 3.31%                | 5.22%                |
| Class ID C000086658 | 2.56%                | 3.29%                | 5.18%                |
| Class ID C000086661 | 2.60%                | 3.30%                | 5.20%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $5935482.93              | $26408119.51                               |
| Month 2  | $14629262.67             | $27419715.95                               |
| Month 3  | $25200246.24             | $45744515.44                               |

### Schedule of Portfolio Investments

| Name                               | Title                                   | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| JAZZ INVESTMENTS I LTD             | Jazz Investments I Ltd                  | CUSIP: 472145AH4<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   9915000 | PA      | $11764147.50  | 0.81%             | 2030-09-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| IMAX CORP                          | IMAX Corp                               | CUSIP: 45245EAJ8<br>LEI: 894500GS1ESLAPZCEI74 | Long             | DBT              | CORP              | CA        |   6130000 | PA      | $7193555.00   | 0.49%             | 2026-04-01      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| GOLAR LNG LTD                      | Golar LNG Ltd                           | CUSIP: 38046YAC5<br>LEI: 213800C2VSFZG3EZLO34 | Long             | DBT              | CORP              | BM        |   7380000 | PA      | $7453800.00   | 0.51%             | 2030-12-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| MICROCHIP TECHNOLOGY INC           | Microchip Technology Inc                | CUSIP: 595017302<br>LEI: 5493007PTFULNYZJ1R12 | Long             | EP               | CORP              | US        |    229445 | NS      | $13544138.35  | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| BRIGHTSPRING HEALTH SERV           | BrightSpring Health Services Inc        | CUSIP: 10950A205<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    121880 | NS      | $12320849.20  | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| RIVIAN AUTO INC                    | Rivian Automotive Inc                   | CUSIP: 76954AAB9<br>LEI: 25490004LNKJ84MFYY24 | Long             | DBT              | CORP              | US        |  13305000 | PA      | $13777327.50  | 0.95%             | 2029-03-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| GALAXY DIGITAL HOLDIN LP           | Galaxy Digital Holdings LP              | CUSIP: 36317GAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |   6815000 | PA      | $11175083.87  | 0.77%             | 2029-12-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| COINBASE GLOBAL INC                | Coinbase Global Inc                     | CUSIP: 19260QAG2<br>LEI: 5493004G3J2SC154DU06 | Long             | DBT              | CORP              | US        |   6525000 | PA      | $6951000.48   | 0.48%             | 2029-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ZSCALER INC.                       | Zscaler Inc                             | CUSIP: 98980GAC6<br>LEI: 529900MZ0RTK1BWRNF46 | Long             | DBT              | CORP              | US        |  10990000 | PA      | $10896585.00  | 0.75%             | 2028-07-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| AMERICAN WATER CAPITAL C           | American Water Capital Corp             | CUSIP: 03040WBE4<br>LEI: 5IDHQUFVC8Q2KIBBFF06 | Long             | DBT              | CORP              | US        |  11595000 | PA      | $11611233.00  | 0.80%             | 2026-06-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| BLOOM ENERGY CORP                  | Bloom Energy Corp                       | CUSIP: 093712AM9<br>LEI: 549300XB5J9BFW5JXV97 | Long             | DBT              | CORP              | US        |   6495000 | PA      | $26804865.00  | 1.84%             | 2029-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| PARSONS CORP                       | Parsons Corp                            | CUSIP: 70202LAD4<br>LEI: 549300ZXH0VRBSEPX752 | Long             | DBT              | CORP              | US        |  11900000 | PA      | $13566000.00  | 0.93%             | 2029-03-01      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| PG&E CORP                          | PG&E Corp                               | CUSIP: 69331C306<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | EP               | CORP              | US        |    321305 | NS      | $12652990.90  | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| BRIDGEBIO PHARMA INC               | Bridgebio Pharma Inc                    | CUSIP: 10806XAH5<br>LEI: 54930028YG89VTY2J114 | Long             | DBT              | CORP              | US        |   3140000 | PA      | $4185620.00   | 0.29%             | 2031-03-01      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| BlackRock Liquidity FedFund        | BlackRock Liquidity FedFund             | CUSIP: 09248U700<br>LEI: 549300T8K043VZEOVK74 | Long             | STIV             | RF                | US        |  24498077 | NS      | $24498077.31  | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITY SOFTWARE INC                 | Unity Software Inc                      | CUSIP: 91332UAG6<br>LEI: 549300D1ESJMGNQNG432 | Long             | DBT              | CORP              | US        |   8690000 | PA      | $11736931.25  | 0.81%             | 2030-03-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| AXON ENTERPRISE INC                | Axon Enterprise Inc                     | CUSIP: 05464CAB7<br>LEI: 549300QP2IEEGFE16681 | Long             | DBT              | CORP              | US        |   2480000 | PA      | $7774800.00   | 0.53%             | 2027-12-15      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| SHIFT4 PAYMENTS INC                | Shift4 Payments Inc                     | CUSIP: 82452J307<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     54980 | NS      | $5215952.60   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| WELLS FARGO & COMPANY              | Wells Fargo & Co                        | CUSIP: 949746804<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EP               | CORP              | US        |     28720 | NS      | $35448808.80  | 2.44%             |  |  |  | No            |                  1 | On Loan: No      |
| LIBERTY MEDIA CORP                 | Liberty Media Corp-Liberty Formula One  | CUSIP: 531229AQ5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5905000 | PA      | $7830030.00   | 0.54%             | 2027-08-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| STRATEGY INC                       | Strategy Inc                            | CUSIP: 594972887<br>LEI: 549300WQTWEJUEHXQX21 | Long             | EP               | CORP              | US        |     36705 | NS      | $3365848.50   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Wolfspeed Inc                      | WOLFSPEED INC SR SEC GLBL 31            | CUSIP: 977852AQ5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    882000 | PA      | $805479.45    | 0.06%             | 2031-06-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| AFFIRM HOLDINGS INC                | Affirm Holdings Inc                     | CUSIP: 00827BAC0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   8495000 | PA      | $9225570.00   | 0.63%             | 2029-12-15      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| KKR & CO INC                       | KKR & Co Inc                            | CUSIP: 48251W500<br>LEI: 54930013V5I303TF9571 | Long             | EP               | CORP              | US        |    279040 | NS      | $14607744.00  | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ARES MANAGEMENT CORP               | Ares Management Corp                    | CUSIP: 03990B309<br>LEI: 529900JUV61FH7B8VW38 | Long             | EP               | CORP              | US        |    239495 | NS      | $11900506.55  | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| SPOTIFY USA INC                    | Spotify USA Inc                         | CUSIP: 84921RAB6<br>LEI: 2138008WM218QBKRII94 | Long             | DBT              | CORP              | US        |   7315000 | PA      | $9995947.50   | 0.69%             | 2026-03-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MERITAGE HOMES CORP                | Meritage Homes Corp                     | CUSIP: 59001ABF8<br>LEI: 52990044W9UMFJO2FB97 | Long             | DBT              | CORP              | US        |   6695000 | PA      | $6852079.23   | 0.47%             | 2028-05-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| VIAVI SOLUTIONS INC                | Viavi Solutions Inc                     | CUSIP: 925550AJ4<br>LEI: 5493006K3E3N1QOBF092 | Long             | DBT              | CORP              | US        |   8875000 | PA      | $9745859.38   | 0.67%             | 2031-03-01      | Fixed         | 0.62%                 | No            |                  2 | On Loan: No      |
| EXACT SCIENCES CORP                | Exact Sciences Corp                     | CUSIP: 30063PAE5<br>LEI: 549300VM3X1FYD4N9Z14 | Long             | DBT              | CORP              | US        |   7470000 | PA      | $6950610.38   | 0.48%             | 2031-04-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| STRIDE INC                         | Stride Inc                              | CUSIP: 86333MAA6<br>LEI: 254900BRWS3AFONWU277 | Long             | DBT              | CORP              | US        |   1380000 | PA      | $3922306.30   | 0.27%             | 2027-09-01      | Fixed         | 1.12%                 | No            |                  2 | On Loan: No      |
| WELLTOWER OP LLC                   | Welltower OP LLC                        | CUSIP: 95041AAD0<br>LEI: T6IZ0MBEG5ACZDTR7D06 | Long             | DBT              | CORP              | US        |  21840000 | PA      | $32072040.00  | 2.21%             | 2029-07-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| IMPINJ INC                         | Impinj Inc                              | CUSIP: 453204AE9<br>LEI: 549300M26VGKSMMWWN17 | Long             | DBT              | CORP              | US        |   6275000 | PA      | $6366730.15   | 0.44%             | 2029-09-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BURLINGTON STORES INC              | Burlington Stores Inc                   | CUSIP: 122017AD8<br>LEI: 5299003Z37DVGKKC1W09 | Long             | DBT              | CORP              | US        |   6055000 | PA      | $8153057.50   | 0.56%             | 2027-12-15      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| Dreyfus Government Cash Management | Dreyfus Government Cash Management      | CUSIP: 262006208<br>LEI: 5493000Q69I5Q3QZIA91 | Long             | STIV             | RF                | US        |         0 | NS      | $0.03         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ITRON INC                          | Itron Inc                               | CUSIP: 465741AQ9<br>LEI: 24F6LSZD18II6ICG6S41 | Long             | DBT              | CORP              | US        |   5655000 | PA      | $6480630.00   | 0.45%             | 2030-07-15      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| CYBERARK SOFTWARE LTD              | CyberArk Software Ltd                   | CUSIP: 23248VAC9<br>LEI: 529900YEXNDM894PWS93 | Long             | DBT              | CORP              | IL        |  15060000 | PA      | $16722595.69  | 1.15%             | 2030-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| UBER TECHNOLOGIES INC              | Uber Technologies Inc                   | CUSIP: 90353TAJ9<br>LEI: 549300B2FTG34FILDR98 | Long             | DBT              | CORP              | US        |  16350000 | PA      | $19914300.00  | 1.37%             | 2025-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| IREN LTD                           | IREN Ltd                                | CUSIP: 46270CAA7<br>LEI: 254900FZF02RB3NNGB71 | Long             | DBT              | CORP              | AU        |   5800000 | PA      | $17013182.11  | 1.17%             | 2030-06-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| CELCUITY INC                       | Celcuity Inc                            | CUSIP: 15102KAA8<br>LEI: 25490070W7UU7W2SEY87 | Long             | DBT              | CORP              | US        |   4930000 | PA      | $6545844.52   | 0.45%             | 2031-08-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| OSCAR HEALTH INC                   | Oscar Health Inc                        | CUSIP: 687793AD1<br>LEI: 254900AE8KDLFDOPKZ19 | Long             | DBT              | CORP              | US        |   8180000 | PA      | $8996613.90   | 0.62%             | 2030-09-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                      | Carnival Corp                           | CUSIP: 143658BV3<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |   5360000 | PA      | $11971212.46  | 0.82%             | 2027-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| BRIDGEBIO PHARMA INC               | Bridgebio Pharma Inc                    | CUSIP: 10806XAB8<br>LEI: 54930028YG89VTY2J114 | Long             | DBT              | CORP              | US        |   6555000 | PA      | $9190110.00   | 0.63%             | 2027-03-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| ON SEMICONDUCTOR CORP              | ON Semiconductor Corp                   | CUSIP: 682189AS4<br>LEI: ZV20P4CNJVT8V1ZGJ064 | Long             | DBT              | CORP              | US        |   5435000 | PA      | $6185030.00   | 0.43%             | 2027-05-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| WEC ENERGY GROUP INC               | WEC Energy Group Inc                    | CUSIP: 92939UAS5<br>LEI: 549300IGLYTZUK3PVP70 | Long             | DBT              | CORP              | US        |  14970000 | PA      | $15464010.00  | 1.06%             | 2028-06-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| CYTOKINETICS INC                   | Cytokinetics Inc                        | CUSIP: 23282WAD2<br>LEI: 549300BE5DY1HW7IHA64 | Long             | DBT              | CORP              | US        |   6875000 | PA      | $7840086.43   | 0.54%             | 2031-10-01      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| SOFI TECHNOLOGIES INC              | SoFi Technologies Inc                   | CUSIP: 83406FAA0<br>LEI: 549300SW81JCMVZDDY09 | Long             | DBT              | CORP              | US        |  15000000 | PA      | $19492500.00  | 1.34%             | 2026-10-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Wolfspeed Inc                      | WOLFSPEED INC SR SEC GLBL CV31          | CUSIP: 977852AP7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    594000 | PA      | $542465.74    | 0.04%             | 2031-06-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| SYNAPTICS INC                      | Synaptics Inc                           | CUSIP: 87157DAH2<br>LEI: 549300AJ3LI4FWNRQX29 | Long             | DBT              | CORP              | US        |   8105000 | PA      | $7979372.50   | 0.55%             | 2031-12-01      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| INTERDIGITAL INC                   | InterDigital Inc                        | CUSIP: 45867GAD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2870000 | PA      | $12833205.00  | 0.88%             | 2027-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| SOLARIS ENERGY INFRASTRU           | Solaris Energy Infrastructure Inc       | CUSIP: 83419XAA6<br>LEI: 529900MTK3C8Y8TIIC10 | Long             | DBT              | CORP              | US        |   6740000 | PA      | $12063963.27  | 0.83%             | 2030-05-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| SUPER MICRO COMPUTER INC           | Super Micro Computer Inc                | CUSIP: 86800UAB0<br>LEI: 54930022CZO1N2UGVW07 | Long             | DBT              | CORP              | US        |  10005000 | PA      | $10195095.00  | 0.70%             | 2029-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| LIVE NATION ENTERTAINMEN           | Live Nation Entertainment Inc           | CUSIP: 538034BB4<br>LEI: 5493007B9BM9ZXJINO78 | Long             | DBT              | CORP              | US        |  27970000 | PA      | $31004745.00  | 2.13%             | 2030-01-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| ODDITY FINANCE LLC                 | Oddity Finance LLC                      | CUSIP: 67579RAA8<br>LEI: 254900FTSJH2TRDJ3905 | Long             | DBT              | CORP              | US        |  12720000 | PA      | $12815400.00  | 0.88%             | 2030-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MAKEMYTRIP LIMITED                 | MakeMyTrip Ltd                          | CUSIP: 56087FAC8<br>LEI: 529900DNT8HNJ7RYUO60 | Long             | DBT              | CORP              | MU        |   9215000 | PA      | $9513843.37   | 0.65%             | 2030-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| WAYFAIR INC                        | Wayfair Inc                             | CUSIP: 94419LAP6<br>LEI: 54930027N9ZAVYFDHK53 | Long             | DBT              | CORP              | US        |   8785000 | PA      | $13386383.84  | 0.92%             | 2027-09-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| SHIFT4 PAYMENTS INC                | Shift4 Payments Inc                     | CUSIP: 82452JAD1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6650000 | PA      | $6544148.63   | 0.45%             | 2027-08-01      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL             | NextEra Energy Capital Holdings Inc     | CUSIP: 65339KCY4<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |  15055000 | PA      | $17779955.00  | 1.22%             | 2027-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| STRATEGY INC                       | Strategy Inc                            | CUSIP: 594972AT8<br>LEI: 549300WQTWEJUEHXQX21 | Long             | DBT              | CORP              | US        |   7185000 | PA      | $7562212.50   | 0.52%             | 2030-03-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| VEECO INSTRUMENTS INC              | Veeco Instruments Inc                   | CUSIP: 922417AJ9<br>LEI: 5493004201F72ADDZW04 | Long             | DBT              | CORP              | US        |   6975000 | PA      | $8910562.50   | 0.61%             | 2029-06-01      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| UGI CORP                           | UGI Corp                                | CUSIP: 902681AB1<br>LEI: DX6GCWD4Q1JO9CRE5I40 | Long             | DBT              | CORP              | US        |   5340000 | PA      | $6825435.17   | 0.47%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BOEING CO/THE                      | Boeing Co/The                           | CUSIP: 097023204<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | EP               | CORP              | US        |    572350 | NS      | $39818389.50  | 2.74%             |  |  |  | No            |                  1 | On Loan: No      |
| MIRION TECHNOLOGIES INC            | Mirion Technologies Inc                 | CUSIP: 60471AAA9<br>LEI: 549300BNTOWVWFNVTJ65 | Long             | DBT              | CORP              | US        |  10100000 | PA      | $12428050.00  | 0.85%             | 2030-06-01      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| CENTRUS ENERGY CORP                | Centrus Energy Corp                     | CUSIP: 15643UAF1<br>LEI: 549300G6VDK9G8276661 | Long             | DBT              | CORP              | US        |   9120000 | PA      | $14067600.00  | 0.97%             | 2032-08-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SEAGATE HDD CAYMAN                 | Seagate HDD Cayman                      | CUSIP: 81180WBL4<br>LEI: 529900BD50TRWEG1SF63 | Long             | DBT              | CORP              | KY        |   5650000 | PA      | $16272000.00  | 1.12%             | 2028-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| NUTANIX INC                        | Nutanix Inc                             | CUSIP: 67059NAJ7<br>LEI: 549300X7J6E8TKVIXW09 | Long             | DBT              | CORP              | US        |  10635000 | PA      | $11971843.00  | 0.82%             | 2029-12-15      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| ALPHATEC HOLDINGS INC              | Alphatec Holdings Inc                   | CUSIP: 02081GAC6<br>LEI: 549300EZE8CQ8K65FS24 | Long             | DBT              | CORP              | US        |   9550000 | PA      | $11356562.23  | 0.78%             | 2030-03-15      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| SHOPIFY INC                        | Shopify Inc                             | CUSIP: 82509LAA5<br>LEI: 549300HGQ43STJLLP808 | Long             | DBT              | CORP              | CA        |   5930000 | PA      | $6229465.00   | 0.43%             | 2025-11-01      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| XOMETRY INC                        | Xometry Inc                             | CUSIP: 98423FAC3<br>LEI: 5493006JFRGU7YRRXE44 | Long             | DBT              | CORP              | US        |   6915000 | PA      | $9681000.00   | 0.67%             | 2030-06-15      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| JBT MAREL CORP                     | JBT Marel Corp                          | CUSIP: 477839AD6<br>LEI: 5493007CT6ATBZ2L6826 | Long             | DBT              | CORP              | US        |   8175000 | PA      | $7942012.50   | 0.55%             | 2030-09-15      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| UPSTART HOLDINGS INC               | Upstart Holdings Inc                    | CUSIP: 91680MAE7<br>LEI: 549300WNB47JRNENIC75 | Long             | DBT              | CORP              | US        |   4635000 | PA      | $4336042.50   | 0.30%             | 2030-11-15      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| M/A-COM TECH SOLUTIONS             | MACOM Technology Solutions Holdings Inc | CUSIP: 55405YAC4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  10250000 | PA      | $10337125.00  | 0.71%             | 2029-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| WESTERN DIGITAL CORP               | Western Digital Corp                    | CUSIP: 958102AT2<br>LEI: 549300QQXOOYEF89IC56 | Long             | DBT              | CORP              | US        |   8820000 | PA      | $28290150.00  | 1.95%             | 2028-11-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ALNYLAM PHARMACEUTICALS            | Alnylam Pharmaceuticals Inc             | CUSIP: 02043QAB3<br>LEI: 529900S3ZI14OWRJII50 | Long             | DBT              | CORP              | US        |  13755000 | PA      | $22606342.50  | 1.55%             | 2027-09-15      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| HP ENTERPRISE CO                   | Hewlett Packard Enterprise Co           | CUSIP: 42824C208<br>LEI: 549300BX44RGX6ANDV88 | Long             | EP               | CORP              | US        |    191330 | NS      | $12991307.00  | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| VARONIS SYSTEM INC                 | Varonis Systems Inc                     | CUSIP: 922280AD4<br>LEI: 549300SHIVNRRH7STS26 | Long             | DBT              | CORP              | US        |  10880000 | PA      | $11728640.00  | 0.81%             | 2029-09-15      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| CIPHER MINING                      | Cipher Mining Inc                       | CUSIP: 17253JAB2<br>LEI: 254900QABG5HCQZ28A17 | Long             | DBT              | CORP              | US        |   8835000 | PA      | $9711955.90   | 0.67%             | 2031-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| COINBASE GLOBAL INC                | Coinbase Global Inc                     | CUSIP: 19260QAB3<br>LEI: 5493004G3J2SC154DU06 | Long             | DBT              | CORP              | US        |  19615000 | PA      | $21772650.00  | 1.50%             | 2026-06-01      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| LIFE360 INC                        | Life360 Inc                             | CUSIP: 532206AB5<br>LEI: 254900VO9VDOQBQAHF07 | Long             | DBT              | CORP              | US        |   4990000 | PA      | $7338418.75   | 0.50%             | 2030-06-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| RIOT PLATFORMS INC                 | Riot Platforms Inc                      | CUSIP: 767292AA3<br>LEI: 5299005LKZAJQDQZDF73 | Long             | DBT              | CORP              | US        |  11350000 | PA      | $17328671.52  | 1.19%             | 2030-01-15      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| NEBIUS GROUP NV                    | Nebius Group NV                         | CUSIP: 63954QAE6<br>LEI: 549300GGZHJ5Q1B18P93 | Long             | DBT              | CORP              | NL        |  10480000 | PA      | $12188240.00  | 0.84%             | 2030-09-15      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| TEMPUS AI INC                      | Tempus AI Inc                           | CUSIP: 88023BAD5<br>LEI: 2549009LA0KWRAGQBX50 | Long             | DBT              | CORP              | US        |   3335000 | PA      | $4185425.00   | 0.29%             | 2030-07-15      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| COHU INC                           | Cohu Inc                                | CUSIP: 192576AA4<br>LEI: 529900FJPORJ3JJ2XS33 | Long             | DBT              | CORP              | US        |   7330000 | PA      | $7559987.05   | 0.52%             | 2031-01-15      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| IRHYTHM TECHNOLOGIES INC           | iRhythm Technologies Inc                | CUSIP: 450056AB2<br>LEI: 549300FJI72RJGDQS384 | Long             | DBT              | CORP              | US        |   8140000 | PA      | $11168080.00  | 0.77%             | 2029-09-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| DATADOG INC                        | Datadog Inc                             | CUSIP: 23804LAC7<br>LEI: 549300F6JNO0KRPO1K63 | Long             | DBT              | CORP              | US        |  17745000 | PA      | $17567550.00  | 1.21%             | 2029-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| IONIS PHARMACEUTICALS IN           | Ionis Pharmaceuticals Inc               | CUSIP: 462222AF7<br>LEI: 549300SI4ZGLG0BLUZ92 | Long             | DBT              | CORP              | US        |   5360000 | PA      | $7406850.00   | 0.51%             | 2028-06-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| DIGITAL REALTY TRUST LP            | Digital Realty Trust LP                 | CUSIP: 25389JAX4<br>LEI: CD4SPTZ3YBTHY0C1AH38 | Long             | DBT              | CORP              | US        |  12155000 | PA      | $12762750.00  | 0.88%             | 2029-11-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| GUIDEWIRE SOFTWARE INC             | Guidewire Software Inc                  | CUSIP: 40171VAB6<br>LEI: 549300WXSG0J8IXZCK32 | Long             | DBT              | CORP              | US        |  10810000 | PA      | $12572278.85  | 0.86%             | 2029-11-01      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| OSI SYSTEMS INC                    | OSI Systems Inc                         | CUSIP: 671044AF2<br>LEI: DDX3MPX1Y8YD30050X33 | Long             | DBT              | CORP              | US        |   7735000 | PA      | $11211882.50  | 0.77%             | 2029-08-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| MP MATERIALS CORP                  | MP Materials Corp                       | CUSIP: 553368AC5<br>LEI: 89450063PHPS61USMT84 | Long             | DBT              | CORP              | US        |   2690000 | PA      | $8562270.00   | 0.59%             | 2030-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BOSTON PROPERTIES LP               | Boston Properties LP                    | CUSIP: 10112RBM5<br>LEI: BVHHEFJI6SHNOKQT2572 | Long             | DBT              | CORP              | US        |   7315000 | PA      | $7293153.12   | 0.50%             | 2030-10-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| GRANITE CONSTRUCTION INC           | Granite Construction Inc                | CUSIP: 387328AF4<br>LEI: 549300OM4BWMCIXVCZ39 | Long             | DBT              | CORP              | US        |   8925000 | PA      | $13650787.50  | 0.94%             | 2030-06-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| REPLIGEN CORP                      | Repligen Corp                           | CUSIP: 759916AD1<br>LEI: 54930006QJ0T5AUO1E71 | Long             | DBT              | CORP              | US        |   5440000 | PA      | $5456320.00   | 0.38%             | 2028-12-15      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| INTUITIVE MACHINES INC             | Intuitive Machines Inc                  | CUSIP: 46125AAA8<br>LEI: 254900386IE2PEPLVM59 | Long             | DBT              | CORP              | US        |   6225000 | PA      | $6793031.25   | 0.47%             | 2030-10-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| DOORDASH INC                       | DoorDash Inc                            | CUSIP: 25809KAA3<br>LEI: 549300NUQ43FGGSK5051 | Long             | DBT              | CORP              | US        |  13990000 | PA      | $15899635.00  | 1.09%             | 2030-05-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| WISDOMTREE INC                     | WisdomTree Inc                          | CUSIP: 97717PAJ3<br>LEI: 549300WIU8IS7UFO7871 | Long             | DBT              | CORP              | US        |   6535000 | PA      | $6921600.54   | 0.48%             | 2030-08-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| AEROVIRONMENT INC                  | AeroVironment Inc                       | CUSIP: 008073AA6<br>LEI: 529900PGHVI29YLZ6221 | Long             | DBT              | CORP              | US        |   9940000 | PA      | $12315660.00  | 0.85%             | 2030-07-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| LIGAND PHARMACEUTICALS I           | Ligand Pharmaceuticals Inc              | CUSIP: 53220KAG3<br>LEI: 5493008K7TB0IKP37H79 | Long             | DBT              | CORP              | US        |   9795000 | PA      | $11024797.32  | 0.76%             | 2030-10-01      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| ALNYLAM PHARMACEUTICALS            | Alnylam Pharmaceuticals Inc             | CUSIP: 02043QAC1<br>LEI: 529900S3ZI14OWRJII50 | Long             | DBT              | CORP              | US        |   3480000 | PA      | $3455768.42   | 0.24%             | 2028-09-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| HERTZ CORP/THE                     | Hertz Corp/The                          | CUSIP: 428040DG1<br>LEI: 549300PD0C69OJ0NLB27 | Long             | DBT              | CORP              | US        |   2260000 | PA      | $2277135.16   | 0.16%             | 2030-10-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SNOWFLAKE INC                      | Snowflake Inc                           | CUSIP: 833445AD1<br>LEI: 254900CJNSY1K7T53Z16 | Long             | DBT              | CORP              | US        |  13150000 | PA      | $20586325.00  | 1.42%             | 2029-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| LUMENTUM HOLDINGS INC              | Lumentum Holdings Inc                   | CUSIP: 55024UAJ8<br>LEI: 549300JLWRRC38DWEF52 | Long             | DBT              | CORP              | US        |  23755000 | PA      | $27270740.00  | 1.88%             | 2032-03-15      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| WOLFSPEED INC                      | Wolfspeed Inc                           | CUSIP: 977852AB8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  10185000 | PA      | $4583250.00   | 0.32%             | 2028-02-15      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| ALIGNMENT HEALTHCARE               | Alignment Healthcare Inc                | CUSIP: 01625VAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5410000 | PA      | $7611500.93   | 0.52%             | 2029-11-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| ALIBABA GROUP HOLDING              | Alibaba Group Holding Ltd               | CUSIP: 01609WBG6<br>LEI: 5493001NTNQJDH60PM02 | Long             | DBT              | CORP              | KY        |   5940000 | PA      | $10911780.00  | 0.75%             | 2031-06-01      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| TRIP.COM GROUP LTD                 | Trip.com Group Ltd                      | CUSIP: 89677QAB3<br>LEI: 2549004RMYDSRQL4KW41 | Long             | DBT              | CORP              | KY        |   7665000 | PA      | $9769042.50   | 0.67%             | 2029-06-15      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| STRATEGY INC                       | Strategy Inc                            | CUSIP: 594972AR2<br>LEI: 549300WQTWEJUEHXQX21 | Long             | DBT              | CORP              | US        |  23740000 | PA      | $21247554.02  | 1.46%             | 2029-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SEMTECH CORP                       | Semtech Corp                            | CUSIP: 816850AF8<br>LEI: 549300J7WUY317SW6O61 | Long             | DBT              | CORP              | US        |   6850000 | PA      | $13477375.00  | 0.93%             | 2027-11-01      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| CLOUDFLARE INC                     | Cloudflare Inc                          | CUSIP: 18915MAC1<br>LEI: 5493007DY18BGNLDWU14 | Long             | DBT              | CORP              | US        |  17325000 | PA      | $21581734.14  | 1.48%             | 2026-08-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| GUARDANT HEALTH INC                | Guardant Health Inc                     | CUSIP: 40131MAD1<br>LEI: 254900M8C3E5VC8BR186 | Long             | DBT              | CORP              | US        |   9700000 | PA      | $12605304.13  | 0.87%             | 2031-02-15      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| NCL CORPORATION LTD                | NCL Corp Ltd                            | CUSIP: 62886HBW0<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |  19610000 | PA      | $19781587.50  | 1.36%             | 2030-09-15      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| QXO INC                            | QXO Inc                                 | CUSIP: 82846H504<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    145570 | NS      | $8004894.30   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| REXFORD INDUSTRIAL REALT           | Rexford Industrial Realty LP            | CUSIP: 76169XAD6<br>LEI: 549300028US163ELJN70 | Long             | DBT              | CORP              | US        |  10205000 | PA      | $10194795.00  | 0.70%             | 2027-03-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| GDS HOLDINGS LIMITED               | GDS Holdings Ltd                        | CUSIP: 36165LAC2<br>LEI: 391200MGV8DDCHTN2R77 | Long             | DBT              | CORP              | KY        |   8320000 | PA      | $11714560.00  | 0.81%             | 2032-06-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| NOVA LTD                           | Nova Ltd                                | CUSIP: 66982MAA2<br>LEI: 529900B2DSWE5V3SC292 | Long             | DBT              | CORP              | IL        |   7000000 | PA      | $8415007.65   | 0.58%             | 2030-09-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ROCKET LAB USA                     | Rocket Lab USA Inc                      | CUSIP: 773122AA4<br>LEI: 254900B4DEYFZJ980A14 | Long             | DBT              | CORP              | US        |    810000 | PA      | $7581549.84   | 0.52%             | 2029-02-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CO                        | Southern Co/The                         | CUSIP: 842587EC7<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |  21820000 | PA      | $22081840.00  | 1.52%             | 2028-06-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| MP MATERIALS CORP                  | MP Materials Corp                       | CUSIP: 553368AA9<br>LEI: 89450063PHPS61USMT84 | Long             | DBT              | CORP              | US        |   1220000 | PA      | $1866600.00   | 0.13%             | 2026-04-01      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY INC                 | NextEra Energy Inc                      | CUSIP: 65339F663<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EP               | CORP              | US        |     67200 | NS      | $3351264.00   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| OPENDOOR TECHNOLOGIES IN           | Opendoor Technologies Inc               | CUSIP: 683712AC7<br>LEI: 254900KX11YZ4HV5BQ47 | Long             | DBT              | CORP              | US        |    610000 | PA      | $3174334.18   | 0.22%             | 2030-05-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| UBER TECHNOLOGIES INC              | Uber Technologies Inc                   | CUSIP: 90353TAM2<br>LEI: 549300B2FTG34FILDR98 | Long             | DBT              | CORP              | US        |   2705000 | PA      | $3976350.00   | 0.27%             | 2028-12-01      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-24

**Name of Applicant:** Virtus Strategy Trust

**Signature:** Amy Hackett

**Name of Signer:** Amy Hackett

**Title:** Vice President and Assistant Treasurer