# EDGAR Filing Document

**Accession Number:** 0001005020
**File Stem:** 0001752724-23-009919
**Filing Date:** 2023-1
**Character Count:** 65322
**Document Hash:** 52b4d565f8c3e82b74ba99fd5ce76b84
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-009919.hdr.sgml**: 20230124

**ACCESSION NUMBER**: 0001752724-23-009919

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221130

**FILED AS OF DATE**: 20230124

**DATE AS OF CHANGE**: 20230124

**PERIOD START**: 20230531

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VIRTUS OPPORTUNITIES TRUST
- **CENTRAL INDEX KEY:** 0001005020
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07455
- **FILM NUMBER:** 23548867

**BUSINESS ADDRESS:**
- **STREET 1:** 101 MUNSON STREET
- **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:** PHOENIX OPPORTUNITIES TRUST
- **DATE OF NAME CHANGE:** 20060127

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PHOENIX SENECA FUNDS
- **DATE OF NAME CHANGE:** 19990122

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SENECA FUNDS
- **DATE OF NAME CHANGE:** 19951218

## Series and Classes Contracts Data

### Virtus Stone Harbor High Yield Bond Fund (Series ID: S000075279)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000234178 | Class I      | SHHYX           |
| C000234179 | Class A      | VSHDX           |

## 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 Opportunities Trust

- **b. Investment Company Act file number:** 811-07455

- **c. CIK number of Registrant:** 0001005020

- **d. LEI of Registrant:** 549300O4C4QVD88M4N75

- **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 Stone Harbor High Yield Bond Fund

- **b. EDGAR series identifier (if any):** S000075279

- **c. LEI of Series:** K88U32LTIDHPVVF0Z194

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

- **a. Date of fiscal year-end:** 2023-05-31

- **b. Date as of which information is reported:** 2022-11-30

**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:** $99657311.13

**Total Liabilities:** $408558.72

**Net Assets:** $99248752.41

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** -93.00000000 | **10-Year:** -2013.00000000 | **30-Year:** -280.00000000

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

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** -7861.00000000 | **10-Year:** -33249.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000234178 | -4.60%               | 3.92%                | 1.88%                |
| Class ID C000234179 | -8.05%               | -0.12%               | -1.97%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-103490.64              | $-4872652.78                               |
| Month 2  | $-1402164.10             | $4510751.26                                |
| Month 3  | $-402921.08              | $1703804.73                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| GFL ENVIRONMENTAL INC              | GFL Environmental Inc                                                      | CUSIP: 36168QAL8<br>LEI: 549300FYK4MBXWIVZU26 | Long             | DBT              | CORP              | CA        |    207000 | PA      | $177586.34    | 0.18%             | 2028-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP               | OneMain Finance Corp                                                       | CUSIP: 85172FAQ2<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    369000 | PA      | $339295.50    | 0.34%             | 2028-01-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| MERCER INTL INC                    | Mercer International Inc                                                   | CUSIP: 588056BB6<br>LEI: 549300Z5IAG39VRTY874 | Long             | DBT              | CORP              | US        |   1167000 | PA      | $1001869.50   | 1.01%             | 2029-02-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| ALBERTSONS COS/SAFEWAY             | Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC      | CUSIP: 013092AE1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    533000 | PA      | $475563.92    | 0.48%             | 2030-02-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| OCCIDENTAL PETROLEUM COR           | Occidental Petroleum Corp                                                  | CUSIP: 674599EA9<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |   1943000 | PA      | $2227163.75   | 2.24%             | 2030-07-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| VISTRA CORP                        | Vistra Operations Co LLC                                                   | CUSIP: 92840VAF9<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    599000 | PA      | $562265.78    | 0.57%             | 2027-07-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHURCHILL DOWNS INC                | Churchill Downs Inc                                                        | CUSIP: 171484AE8<br>LEI: 529900FODTBQC8MIS994 | Long             | DBT              | CORP              | US        |    365000 | PA      | $335832.85    | 0.34%             | 2028-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| WYNN RESORTS FINANCE LLC           | Wynn Resorts Finance LLC / Wynn Resorts Capital Corp                       | CUSIP: 983133AB5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1004000 | PA      | $1006128.48   | 1.01%             | 2025-04-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| PETSMART INC/PETSMART FI           | PetSmart Inc / PetSmart Finance Corp                                       | CUSIP: 71677KAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1066000 | PA      | $986050.00    | 0.99%             | 2029-02-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| NEWELL BRANDS INC                  | Newell Brands Inc                                                          | CUSIP: 651229BD7<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |   1002000 | PA      | $984465.00    | 0.99%             | 2029-09-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| PENN ENTERTAINMENT INC             | Penn Entertainment Inc                                                     | CUSIP: 707569AV1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1198000 | PA      | $976370.00    | 0.98%             | 2029-07-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| RACKSPACE TECHNOLOGY               | Rackspace Technology Global Inc                                            | CUSIP: 750098AB1<br>LEI: 549300QTYCKLMFSE8I97 | Long             | DBT              | CORP              | US        |   1022000 | PA      | $700427.70    | 0.71%             | 2028-02-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| NCL CORPORATION LTD                | NCL Corp Ltd                                                               | CUSIP: 62886HBA8<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |    412000 | PA      | $337955.87    | 0.34%             | 2026-03-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS           | Univision Communications Inc                                               | CUSIP: 914906AU6<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |    955000 | PA      | $930677.03    | 0.94%             | 2027-06-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| OCCIDENTAL PETROLEUM COR           | Occidental Petroleum Corp                                                  | CUSIP: 674599DD4<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |    327000 | PA      | $354795.00    | 0.36%             | 2031-05-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| CMG MEDIA CORPORATION              | CMG Media Corp                                                             | CUSIP: 88146LAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1465000 | PA      | $1113400.00   | 1.12%             | 2027-12-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| ACRISURE LLC / FIN INC             | Acrisure LLC / Acrisure Finance Inc                                        | CUSIP: 00489LAH6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    606000 | PA      | $484800.00    | 0.49%             | 2029-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| TRITON WATER HOLDINGS IN           | Triton Water Holdings Inc                                                  | CUSIP: 89680EAA7<br>LEI: 5493005IYCEL7QJFZZ63 | Long             | DBT              | CORP              | US        |   1579000 | PA      | $1228912.02   | 1.24%             | 2029-04-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ALBERTSONS COS/SAFEWAY             | Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC      | CUSIP: 013092AC5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    283000 | PA      | $261800.47    | 0.26%             | 2027-01-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| KB HOME                            | KB Home                                                                    | CUSIP: 48666KBA6<br>LEI: 549300LGUCWQURMWLG09 | Long             | DBT              | CORP              | US        |    697000 | PA      | $665318.78    | 0.67%             | 2030-07-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| WESCO DISTRIBUTION INC             | WESCO Distribution Inc                                                     | CUSIP: 95081QAP9<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |   1110000 | PA      | $1124485.50   | 1.13%             | 2028-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| OCCIDENTAL PETROLEUM COR           | Occidental Petroleum Corp                                                  | CUSIP: 674599DE2<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |    167000 | PA      | $182865.00    | 0.18%             | 2031-09-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| CATALENT PHARMA SOLUTION           | Catalent Pharma Solutions Inc                                              | CUSIP: 14879EAK4<br>LEI: 549300HALRZ339MSTH85 | Long             | DBT              | CORP              | US        |   1231000 | PA      | $1003265.00   | 1.01%             | 2030-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                   | CSC Holdings LLC                                                           | CUSIP: 126307AY3<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |   1387000 | PA      | $1080348.17   | 1.09%             | 2028-04-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| VISTAJET MALTA/XO MGMT             | VistaJet Malta Finance PLC / XO Management Holding Inc                     | CUSIP: 92840JAD1<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |   1329000 | PA      | $1204406.25   | 1.21%             | 2027-05-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                      | Carnival Corp                                                              | CUSIP: 143658BL5<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |   1140000 | PA      | $960450.00    | 0.97%             | 2026-03-01      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| ADT SEC CORP                       | ADT Security Corp/The                                                      | CUSIP: 00109LAA1<br>LEI: 5493009JEEDYLVRA0J13 | Long             | DBT              | CORP              | US        |   1063000 | PA      | $927797.03    | 0.93%             | 2029-08-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP/FINANCE CORP             | Sunoco LP / Sunoco Finance Corp                                            | CUSIP: 86765LAZ0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    570000 | PA      | $494537.70    | 0.50%             | 2030-04-30      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                      | Carnival Corp                                                              | CUSIP: 143658BN1<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |     93000 | PA      | $69153.41     | 0.07%             | 2027-03-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ALTA MESA HLDGS/FINANC S           | ALTA MESA HOLDINGS LP / ALTA MESA FINANCE SERVICES CORP                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    400000 | NS      | $0.00         | 0.00%             | 2024-12-15      | Fixed         | 7.88%                 | No            |                  3 | On Loan: No      |
| UNIFRAX ESCROW ISS CORP            | ASP Unifrax Holdings Inc                                                   | CUSIP: 90473LAA0<br>LEI: 549300RRU6BWJLD0YT71 | Long             | DBT              | CORP              | US        |   1242039 | PA      | $1024961.63   | 1.03%             | 2028-09-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP             | CCO Holdings LLC / CCO Holdings Capital Corp                               | CUSIP: 1248EPCE1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1510000 | PA      | $1272175.00   | 1.28%             | 2030-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES            | Royal Caribbean Cruises Ltd                                                | CUSIP: 780153BL5<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |    678000 | PA      | $696645.00    | 0.70%             | 2027-08-15      | Fixed         | 11.62%                | No            |                  2 | On Loan: No      |
| MGM GROWTH/MGM FINANCE             | MGM Growth Properties Operating Partnership LP / MGP Finance Co-Issuer Inc | CUSIP: 55303XAJ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    282000 | PA      | $259440.00    | 0.26%             | 2027-02-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| MADISON IAQ LLC                    | Madison IAQ LLC                                                            | CUSIP: 55760LAB3<br>LEI: 549300IXDNBXNHUPBU73 | Long             | DBT              | CORP              | US        |   1286000 | PA      | $951292.78    | 0.96%             | 2029-06-30      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Intelsat SA/Luxembourg             | Intelsat SA/Luxembourg                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4338 | NS      | $95436.00     | 0.10%             |  |  |  | No            |                  3 | On Loan: No      |
| LBM ACQUISITION LLC                | LBM Acquisition LLC                                                        | CUSIP: 05552BAA4<br>LEI: 549300FAEB3VWZL4NI86 | Long             | DBT              | CORP              | US        |   1549000 | PA      | $1066972.73   | 1.08%             | 2029-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| CONSOLIDATED COMMUNICATI           | Consolidated Communications Inc                                            | CUSIP: 20903XAF0<br>LEI: 549300WW675Y48HDVX34 | Long             | DBT              | CORP              | US        |    639000 | PA      | $525769.20    | 0.53%             | 2028-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Intelsat Jackson Holdings SA       | Intelsat Jackson Holdings SA                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       454 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| WR GRACE HOLDING LLC               | WR Grace Holdings LLC                                                      | CUSIP: 92943GAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    930000 | PA      | $766729.20    | 0.77%             | 2029-08-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| ALBERTSONS COS/SAFEWAY             | Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC      | CUSIP: 013092AB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    514000 | PA      | $491497.08    | 0.50%             | 2028-02-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| PARK RIVER HOLDINGS INC            | Park River Holdings Inc                                                    | CUSIP: 70082LAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    705000 | PA      | $481162.50    | 0.48%             | 2029-02-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| ASCENT RESOURCES/ARU FIN           | Ascent Resources Utica Holdings LLC / ARU Finance Corp                     | CUSIP: 04364VAU7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1062000 | PA      | $957116.88    | 0.96%             | 2029-06-30      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| WEEKLEY HOMES LLC/ FINAN           | Weekley Homes LLC / Weekley Finance Corp                                   | CUSIP: 948565AD8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    756000 | PA      | $612723.55    | 0.62%             | 2028-09-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| CLARIOS GLOBAL LP/US FIN           | Clarios Global LP / Clarios US Finance Co                                  | CUSIP: 69867DAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |    789000 | PA      | $772120.84    | 0.78%             | 2027-05-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| DISH DBS CORP                      | DISH DBS Corp                                                              | CUSIP: 25470XAY1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    122000 | PA      | $102187.20    | 0.10%             | 2026-07-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| ADAPTHEALTH LLC                    | AdaptHealth LLC                                                            | CUSIP: 00653VAE1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    198000 | PA      | $168283.00    | 0.17%             | 2030-03-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| COVANTA HOLDING CORP               | Covanta Holding Corp                                                       | CUSIP: 22282EAJ1<br>LEI: 40XIFLS8XDQGGHGPGC04 | Long             | DBT              | CORP              | US        |    852000 | PA      | $727923.24    | 0.73%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HOLLY NRG PRTNR/FIN CORP           | Holly Energy Partners LP / Holly Energy Finance Corp                       | CUSIP: 435765AJ1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    171000 | PA      | $167304.03    | 0.17%             | 2027-04-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| AIR CANADA                         | Air Canada                                                                 | CUSIP: 008911BK4<br>LEI: 4B4HI3CGXMBDC0G6BM51 | Long             | DBT              | CORP              | CA        |    832000 | PA      | $761281.16    | 0.77%             | 2026-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| CHESAPEAKE ENERGY CORP             | Chesapeake Energy Corp                                                     | CUSIP: 165167DG9<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | DBT              | CORP              | US        |    113000 | PA      | $108480.00    | 0.11%             | 2029-02-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ANTERO RESOURCES CORP              | Antero Resources Corp                                                      | CUSIP: 03674XAS5<br>LEI: APVBKPOULHUX7YZLKU17 | Long             | DBT              | CORP              | US        |    198000 | PA      | $185515.11    | 0.19%             | 2030-03-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| PARKLAND CORP                      | Parkland Corp                                                              | CUSIP: 70137WAL2<br>LEI: 549300XHQS1JYWBNK868 | Long             | DBT              | CORP              | CA        |    569000 | PA      | $477106.50    | 0.48%             | 2030-05-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| SM ENERGY CO                       | SM Energy Co                                                               | CUSIP: 78454LAL4<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |    481000 | PA      | $467934.74    | 0.47%             | 2025-06-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| VICI PROPERTIES / NOTE             | VICI Properties LP / VICI Note Co Inc                                      | CUSIP: 92564RAE5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    457000 | PA      | $395971.30    | 0.40%             | 2030-08-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| MICHAELS COS INC/THE               | Michaels Cos Inc/The                                                       | CUSIP: 55916AAB0<br>LEI: 549300H9LWMBP7HYLR98 | Long             | DBT              | CORP              | US        |    670000 | PA      | $396137.50    | 0.40%             | 2029-05-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| CHORD ENERGY CORP                  | Chord Energy Corp                                                          | CUSIP: 674215AL2<br>LEI: 529900FA4V2YNIKZ0M71 | Long             | DBT              | CORP              | US        |    132000 | PA      | $129030.00    | 0.13%             | 2026-06-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| DISH DBS CORP                      | DISH DBS Corp                                                              | CUSIP: 25470XBD6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    626000 | PA      | $412408.80    | 0.42%             | 2029-06-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I/HILCORP           | Hilcorp Energy I LP / Hilcorp Finance Co                                   | CUSIP: 431318AS3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1313000 | PA      | $1250386.31   | 1.26%             | 2028-11-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| GRAHAM PACKAGING/GPC CAP           | Graham Packaging Co Inc                                                    | CUSIP: 384701AA6<br>LEI: 549300YS0ZFT826HIK72 | Long             | DBT              | CORP              | US        |    871000 | PA      | $736357.74    | 0.74%             | 2028-08-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Intelsat Jackson Holdings SA       | Intelsat Jackson Holdings SA                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       454 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| HESS MIDSTREAM OPERATION           | Hess Midstream Operations LP                                               | CUSIP: 428102AE7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    161000 | PA      | $137655.00    | 0.14%             | 2030-02-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| ENERFLEX LTD                       | Enerflex Ltd                                                               | CUSIP: 29269RAA3<br>LEI: 54930014N7872VUS3F89 | Long             | DBT              | CORP              | CA        |    506000 | PA      | $499912.82    | 0.50%             | 2027-10-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| MURPHY OIL CORP                    | Murphy Oil Corp                                                            | CUSIP: 626717AM4<br>LEI: QBKYQD0ODE7DC7PDIN91 | Long             | DBT              | CORP              | US        |    492000 | PA      | $475023.61    | 0.48%             | 2027-12-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ENDO LUX FIN CO I SARL             | Endo Luxembourg Finance Co I Sarl / Endo US Inc                            | CUSIP: 29280BAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |   1462000 | PA      | $1094789.46   | 1.10%             | 2029-04-01      | Variable      | 6.12%                 | No            |                  2 | On Loan: No      |
| CROWNROCK LP/CROWNROCK F           | CrownRock LP / CrownRock Finance Inc                                       | CUSIP: 228701AG3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    290000 | PA      | $266988.50    | 0.27%             | 2029-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC           | Ford Motor Credit Co LLC                                                   | CUSIP: 345397ZR7<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   2721000 | PA      | $2536761.09   | 2.56%             | 2029-05-03      | Fixed         | 5.11%                 | No            |                  2 | On Loan: No      |
| ARCHROCK PARTNERS LP/FIN           | Archrock Partners LP / Archrock Partners Finance Corp                      | CUSIP: 03959KAC4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1053000 | PA      | $976657.50    | 0.98%             | 2028-04-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| SM ENERGY CO                       | SM Energy Co                                                               | CUSIP: 78454LAW0<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |    843000 | PA      | $824378.13    | 0.83%             | 2028-07-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ACRISURE LLC / FIN INC             | Acrisure LLC / Acrisure Finance Inc                                        | CUSIP: 00489LAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1065000 | PA      | $1001313.00   | 1.01%             | 2025-11-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC           | Vistra Operations Co LLC                                                   | CUSIP: 92840VAB8<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    945000 | PA      | $914243.21    | 0.92%             | 2027-02-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| SPECIALTY BUILDING PRODU           | Specialty Building Products Holdings LLC / SBP Finance Corp                | CUSIP: 84749AAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1356000 | PA      | $1120266.56   | 1.13%             | 2026-09-30      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| CNX MIDSTREAM PART LP              | CNX Midstream Partners LP                                                  | CUSIP: 12654AAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     43000 | PA      | $35861.72     | 0.04%             | 2030-04-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| DISH DBS CORP                      | DISH DBS Corp                                                              | CUSIP: 25470XBF1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    444000 | PA      | $360106.20    | 0.36%             | 2028-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| HOLLY NRG PRTNR/FIN CORP           | Holly Energy Partners LP / Holly Energy Finance Corp                       | CUSIP: 435765AH5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    644000 | PA      | $586788.43    | 0.59%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VIASAT INC                         | Viasat Inc                                                                 | CUSIP: 92552VAL4<br>LEI: UFC8NYMNFSYIHNSM2I38 | Long             | DBT              | CORP              | US        |    521000 | PA      | $478814.63    | 0.48%             | 2027-04-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| ENCOMPASS HEALTH CORP              | Encompass Health Corp                                                      | CUSIP: 29261AAE0<br>LEI: 549300FVRPM9DRQZRG64 | Long             | DBT              | CORP              | US        |    114000 | PA      | $98384.85     | 0.10%             | 2031-04-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| CLARIOS GLOBAL LP/US FIN           | Clarios Global LP / Clarios US Finance Co                                  | CUSIP: 69867DAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |    520000 | PA      | $515127.60    | 0.52%             | 2026-05-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP               | OneMain Finance Corp                                                       | CUSIP: 85172FAN9<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    904000 | PA      | $875790.68    | 0.88%             | 2026-03-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| US ACUTE CARE SOLUTIONS            | US Acute Care Solutions LLC                                                | CUSIP: 90367UAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1397000 | PA      | $1266866.80   | 1.28%             | 2026-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| PILGRIM'S PRIDE CORP               | Pilgrim's Pride Corp                                                       | CUSIP: 72147KAG3<br>LEI: 549300ZSLGV64ZL3HD75 | Long             | DBT              | CORP              | US        |   1889000 | PA      | $1520474.99   | 1.53%             | 2032-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| CDI ESCROW ISSUER INC              | CDI Escrow Issuer Inc                                                      | CUSIP: 12511VAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    171000 | PA      | $158624.73    | 0.16%             | 2030-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| INTERNATIONAL GAME TECH            | International Game Technology PLC                                          | CUSIP: 460599AE3<br>LEI: 549300UQ6KHRCZDRGZ76 | Long             | DBT              | CORP              | GB        |    789000 | PA      | $743024.97    | 0.75%             | 2029-01-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                     | NRG Energy Inc                                                             | CUSIP: 629377CE0<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    269000 | PA      | $257567.50    | 0.26%             | 2028-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS           | CHS/Community Health Systems Inc                                           | CUSIP: 12543DBM1<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |   1455000 | PA      | $1109583.00   | 1.12%             | 2030-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| GRIFFON CORPORATION                | Griffon Corp                                                               | CUSIP: 398433AP7<br>LEI: 5493000C2SGNC7ZN3242 | Long             | DBT              | CORP              | US        |   1064000 | PA      | $989679.60    | 1.00%             | 2028-03-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| DISCOVER FINANCIAL SVS             | Discover Financial Services                                                | CUSIP: 254709AS7<br>LEI: Z1YLO2USPORE63VVUL20 | Long             | DBT              | CORP              | US        |    385000 | PA      | $391661.04    | 0.39%             | 2032-11-29      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER           | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer             | CUSIP: 01883LAD5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    445000 | PA      | $379820.85    | 0.38%             | 2029-11-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| 1011778 BC / NEW RED FIN           | 1011778 BC ULC / New Red Finance Inc                                       | CUSIP: 68245XAH2<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    684000 | PA      | $610461.44    | 0.62%             | 2028-01-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| GENESIS ENERGY LP/FIN              | Genesis Energy LP / Genesis Energy Finance Corp                            | CUSIP: 37185LAM4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    572000 | PA      | $545923.37    | 0.55%             | 2027-01-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP             | CCO Holdings LLC / CCO Holdings Capital Corp                               | CUSIP: 1248EPCB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    836000 | PA      | $758644.92    | 0.76%             | 2029-06-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| UNITED AIRLINES INC                | United Airlines Inc                                                        | CUSIP: 90932LAG2<br>LEI: K1OQBWM7XEOO08LDNP29 | Long             | DBT              | CORP              | US        |    795000 | PA      | $740165.03    | 0.75%             | 2026-04-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| DISH DBS CORP                      | DISH DBS Corp                                                              | CUSIP: 25470XBB0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    493000 | PA      | $363636.80    | 0.37%             | 2028-07-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER           | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer             | CUSIP: 01883LAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1010000 | PA      | $930305.95    | 0.94%             | 2027-10-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP               | OneMain Finance Corp                                                       | CUSIP: 682691AB6<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    580000 | PA      | $475391.93    | 0.48%             | 2027-01-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| NCL FINANCE LTD                    | NCL Finance Ltd                                                            | CUSIP: 62888HAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    858000 | PA      | $661241.42    | 0.67%             | 2028-03-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I/HILCORP           | Hilcorp Energy I LP / Hilcorp Finance Co                                   | CUSIP: 431318AU8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $91605.70     | 0.09%             | 2029-02-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Dreyfus Government Cash Management | Dreyfus Government Cash Management                                         | CUSIP: 262006208<br>LEI: 5493000Q69I5Q3QZIA91 | Long             | STIV             | RF                | US        |   1573373 | NS      | $1573372.63   | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| ASHTON WOODS USA/FINANCE           | Ashton Woods USA LLC / Ashton Woods Finance Co                             | CUSIP: 045086AP0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     86000 | PA      | $66220.00     | 0.07%             | 2030-04-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| NATIONSTAR MTG HLD INC             | Nationstar Mortgage Holdings Inc                                           | CUSIP: 63861CAE9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1448000 | PA      | $1157849.90   | 1.17%             | 2031-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CHESAPEAKE ENERGY CORP             | Chesapeake Energy Corp                                                     | CUSIP: 165167DF1<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | DBT              | CORP              | US        |    914000 | PA      | $881956.77    | 0.89%             | 2026-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| INTELSAT JACKSON HLDG              | Intelsat Jackson Holdings SA                                               | CUSIP: 000000000<br>LEI: 8XJ8KF85PBKK1TLMFN29 | Long             | DBT              | CORP              | LU        |    464000 | PA      | $0.00         | 0.00%             | 2023-08-01      | Fixed         | 5.50%                 | No            |                  3 | On Loan: No      |
| ASBURY AUTOMOTIVE GROUP            | Asbury Automotive Group Inc                                                | CUSIP: 043436AW4<br>LEI: 549300JH4DTA7U42GL91 | Long             | DBT              | CORP              | US        |     86000 | PA      | $75035.00     | 0.08%             | 2029-11-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| PARK RIVER HOLDINGS INC            | Park River Holdings Inc                                                    | CUSIP: 70082LAB3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    361000 | PA      | $246683.62    | 0.25%             | 2029-08-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                      | Carnival Corp                                                              | CUSIP: 143658BR2<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |    304000 | PA      | $215840.00    | 0.22%             | 2029-05-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| DIAMOND BC BV                      | Diamond BC BV                                                              | CUSIP: 25257DAA6<br>LEI: 549300SWLHWJF3D4N658 | Long             | DBT              | CORP              | NL        |   1278000 | PA      | $963471.42    | 0.97%             | 2029-10-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| WHITE CAP BUYER LLC                | White Cap Buyer LLC                                                        | CUSIP: 96350RAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    816000 | PA      | $703358.14    | 0.71%             | 2028-10-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| HERTZ CORP/THE                     | Hertz Corp/The                                                             | CUSIP: 428040DB2<br>LEI: 549300PD0C69OJ0NLB27 | Long             | DBT              | CORP              | US        |    430000 | PA      | $341239.40    | 0.34%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ADAPTHEALTH LLC                    | AdaptHealth LLC                                                            | CUSIP: 00653VAC5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    896000 | PA      | $747921.83    | 0.75%             | 2029-08-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| TELENET FINANCE LUX NOTE           | Telenet Finance Luxembourg Notes Sarl                                      | CUSIP: 000000000<br>LEI: 2138007RI9GLJPCC3E25 | Long             | DBT              | CORP              | LU        |    200000 | PA      | $179100.00    | 0.18%             | 2028-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| DISH DBS CORP                      | DISH DBS Corp                                                              | CUSIP: 25470XBE4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    617000 | PA      | $529694.50    | 0.53%             | 2026-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| KRONOS ACQ / KIK CUSTOM            | Kronos Acquisition Holdings Inc / KIK Custom Products Inc                  | CUSIP: 50106GAF9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    971000 | PA      | $805930.00    | 0.81%             | 2027-12-31      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| PRECISION DRILLING CORP            | Precision Drilling Corp                                                    | CUSIP: 740212AM7<br>LEI: 549300WF2OE8T5BP4B84 | Long             | DBT              | CORP              | CA        |   1103000 | PA      | $1042169.55   | 1.05%             | 2029-01-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| DT MIDSTREAM INC                   | DT Midstream Inc                                                           | CUSIP: 23345MAB3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    797000 | PA      | $687579.87    | 0.69%             | 2031-06-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| ENCOMPASS HEALTH CORP              | Encompass Health Corp                                                      | CUSIP: 29261AAA8<br>LEI: 549300FVRPM9DRQZRG64 | Long             | DBT              | CORP              | US        |    401000 | PA      | $360601.43    | 0.36%             | 2028-02-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| GENESIS ENERGY LP/FIN              | Genesis Energy LP / Genesis Energy Finance Corp                            | CUSIP: 37185LAL6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1275000 | PA      | $1216860.00   | 1.23%             | 2028-02-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| UNITED RENTALS NORTH AM            | United Rentals North America Inc                                           | CUSIP: 911365BQ6<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |    193000 | PA      | $193965.00    | 0.20%             | 2029-12-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| LCM INVESTMENTS HOLDINGS           | LCM Investments Holdings II LLC                                            | CUSIP: 50190EAA2<br>LEI: 549300P5V78NNQTG4428 | Long             | DBT              | CORP              | US        |   1002000 | PA      | $837772.08    | 0.84%             | 2029-05-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| MICHAELS COS INC/THE               | Michaels Cos Inc/The                                                       | CUSIP: 55916AAA2<br>LEI: 549300H9LWMBP7HYLR98 | Long             | DBT              | CORP              | US        |    659000 | PA      | $482674.65    | 0.49%             | 2028-05-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I/HILCORP           | Hilcorp Energy I LP / Hilcorp Finance Co                                   | CUSIP: 431318AY0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    102000 | PA      | $93792.17     | 0.09%             | 2030-04-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| HESS MIDSTREAM OPERATION           | Hess Midstream Operations LP                                               | CUSIP: 428102AF4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    843000 | PA      | $772728.40    | 0.78%             | 2030-10-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| RAPTOR ACQ/RAPTOR CO-ISS           | Raptor Acquisition Corp / Raptor Co-Issuer LLC                             | CUSIP: 75383KAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1082000 | PA      | $954411.19    | 0.96%             | 2026-11-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| GFL ENVIRONMENTAL INC              | GFL Environmental Inc                                                      | CUSIP: 36168QAN4<br>LEI: 549300FYK4MBXWIVZU26 | Long             | DBT              | CORP              | CA        |    446000 | PA      | $390620.18    | 0.39%             | 2029-06-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CIENA CORP                         | Ciena Corp                                                                 | CUSIP: 171779AL5<br>LEI: W0CZ7N0GH8UIGXDM1H41 | Long             | DBT              | CORP              | US        |     86000 | PA      | $72132.50     | 0.07%             | 2030-01-31      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TRIVIUM PACKAGING FIN              | Trivium Packaging Finance BV                                               | CUSIP: 89686QAB2<br>LEI: 724500GMZWW3PVYET548 | Long             | DBT              | CORP              | NL        |   1030000 | PA      | $964311.09    | 0.97%             | 2027-08-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| PRIME SECSRVC BRW/FINANC           | Prime Security Services Borrower LLC / Prime Finance Inc                   | CUSIP: 74166MAE6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1623000 | PA      | $1509390.00   | 1.52%             | 2028-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| NCL CORPORATION LTD                | NCL Corp Ltd                                                               | CUSIP: 62886HBG5<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |    368000 | PA      | $294400.00    | 0.30%             | 2029-02-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| GRAY ESCROW II INC                 | Gray Escrow II Inc                                                         | CUSIP: 389286AA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1665000 | PA      | $1270345.05   | 1.28%             | 2031-11-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| SCIENTIFIC GAMES INTERNA           | Scientific Games International Inc                                         | CUSIP: 80874YBE9<br>LEI: RLTHESQ0RNFQJWPBJN60 | Long             | DBT              | CORP              | US        |   1281000 | PA      | $1254588.98   | 1.26%             | 2029-11-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| ENVISION HEALTHCARE CORP           | Envision Healthcare Corp                                                   | CUSIP: 29373UAC5<br>LEI: 549300OL60X0LPKY8N60 | Long             | LON              | CORP              | US        |    281092 | PA      | $78073.25     | 0.08%             | 2025-10-10      | Floating      | 7.69%                 | No            |                  2 | On Loan: No      |
| UNITED RENTALS NORTH AM            | United Rentals North America Inc                                           | CUSIP: 911365BP8<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |   1166000 | PA      | $968834.71    | 0.98%             | 2032-01-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| MATTAMY GROUP CORP                 | Mattamy Group Corp                                                         | CUSIP: 57701RAM4<br>LEI: 5493008TNY7A82WCXU31 | Long             | DBT              | CORP              | CA        |    794000 | PA      | $653847.09    | 0.66%             | 2030-03-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| HUGHES SATELLITE SYSTEMS           | Hughes Satellite Systems Corp                                              | CUSIP: 444454AF9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1039000 | PA      | $965921.97    | 0.97%             | 2026-08-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES            | Royal Caribbean Cruises Ltd                                                | CUSIP: 780153BJ0<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |    511000 | PA      | $443292.50    | 0.45%             | 2026-08-31      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ILLUMINATE BUYER/HLDG              | Illuminate Buyer LLC / Illuminate Holdings IV Inc                          | CUSIP: 45232TAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1276000 | PA      | $1052700.00   | 1.06%             | 2028-07-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| HERTZ CORP/THE                     | Hertz Corp/The                                                             | CUSIP: 428040DA4<br>LEI: 549300PD0C69OJ0NLB27 | Long             | DBT              | CORP              | US        |    727000 | PA      | $630651.75    | 0.64%             | 2026-12-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE HOLDING SA           | Altice France Holding SA                                                   | CUSIP: 02156TAA2<br>LEI: 5299000JVHXKJPOE6H40 | Long             | DBT              | CORP              | LU        |    637000 | PA      | $427166.12    | 0.43%             | 2028-02-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC           | Ford Motor Credit Co LLC                                                   | CUSIP: 345397C35<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   1091000 | PA      | $1132337.99   | 1.14%             | 2027-11-04      | Fixed         | 7.35%                 | No            |                  2 | On Loan: No      |
| ANTERO RESOURCES CORP              | Antero Resources Corp                                                      | CUSIP: 03674XAQ9<br>LEI: APVBKPOULHUX7YZLKU17 | Long             | DBT              | CORP              | US        |    757000 | PA      | $772398.39    | 0.78%             | 2029-02-01      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| ANTERO MIDSTREAM PART/FI           | Antero Midstream Partners LP / Antero Midstream Finance Corp               | CUSIP: 03690EAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    232000 | PA      | $236691.34    | 0.24%             | 2026-05-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE SA                   | Altice France SA/France                                                    | CUSIP: 02156LAE1<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |    102000 | PA      | $81600.00     | 0.08%             | 2029-01-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| GFL ENVIRONMENTAL INC              | GFL Environmental Inc                                                      | CUSIP: 36168QAP9<br>LEI: 549300FYK4MBXWIVZU26 | Long             | DBT              | CORP              | CA        |    761000 | PA      | $653014.10    | 0.66%             | 2029-08-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| KB HOME                            | KB Home                                                                    | CUSIP: 48666KAY5<br>LEI: 549300LGUCWQURMWLG09 | Long             | DBT              | CORP              | US        |    350000 | PA      | $302750.00    | 0.31%             | 2029-11-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE SA                   | Altice France SA/France                                                    | CUSIP: 02156LAF8<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |   1072000 | PA      | $844853.92    | 0.85%             | 2029-07-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| PETSMART INC/PETSMART FI           | PetSmart Inc / PetSmart Finance Corp                                       | CUSIP: 71677KAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    564000 | PA      | $515287.32    | 0.52%             | 2028-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                   | CSC Holdings LLC                                                           | CUSIP: 126307BB2<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |   1652000 | PA      | $1267910.00   | 1.28%             | 2030-12-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| ANTERO MIDSTREAM PART/FI           | Antero Midstream Partners LP / Antero Midstream Finance Corp               | CUSIP: 03690AAF3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    557000 | PA      | $526365.00    | 0.53%             | 2028-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ANTERO MIDSTREAM PART/FI           | Antero Midstream Partners LP / Antero Midstream Finance Corp               | CUSIP: 03690AAD8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    465000 | PA      | $444032.40    | 0.45%             | 2027-03-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CALPINE CORP                       | Calpine Corp                                                               | CUSIP: 131347CM6<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | DBT              | CORP              | US        |    940000 | PA      | $859867.93    | 0.87%             | 2028-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES            | Royal Caribbean Cruises Ltd                                                | CUSIP: 780153BG6<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |    241000 | PA      | $196716.25    | 0.20%             | 2028-04-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-24

**Name of Applicant:** Virtus Opportunities Trust

**Signature:** Amy Hackett

**Name of Signer:** Amy Hackett

**Title:** Vice President and Assistant Treasurer