# EDGAR Filing Document

**Accession Number:** 0001648403
**File Stem:** 0001752724-23-065025
**Filing Date:** 2023-3
**Character Count:** 59716
**Document Hash:** 15fba5a9311eaee08cf94b8b2cf69fca
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-065025.hdr.sgml**: 20230324

**ACCESSION NUMBER**: 0001752724-23-065025

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20230131

**FILED AS OF DATE**: 20230324

**DATE AS OF CHANGE**: 20230324

**PERIOD START**: 20230731

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Virtus ETF Trust II
- **CENTRAL INDEX KEY:** 0001648403
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23078
- **FILM NUMBER:** 23758273

**BUSINESS ADDRESS:**
- **STREET 1:** 1540 BROADWAY
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036
- **BUSINESS PHONE:** 212-493-4383

**MAIL ADDRESS:**
- **STREET 1:** 1540 BROADWAY
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Virtus EFT Trust II
- **DATE OF NAME CHANGE:** 20150717

## Series and Classes Contracts Data

### Virtus Newfleet High Yield Bond ETF (Series ID: S000051570)

| Class ID   | Class Name                          | Ticker Symbol   |
|:---|:---|:---|
| C000162265 | Virtus Newfleet High Yield Bond ETF | BLHY            |

## 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 ETF Trust II

- **b. Investment Company Act file number:** 811-23078

- **c. CIK number of Registrant:** 0001648403

- **d. LEI of Registrant:** 549300KNJ4HBWHIYD309

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

  - **Street Address 1:** 1540 Broadway

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10036

  - **Telephone number:** 212-493-4383

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

- **a. Name of Series:** Virtus Newfleet High Yield Bond ETF

- **b. EDGAR series identifier (if any):** S000051570

- **c. LEI of Series:** 549300CTRZXMY9595O30

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

- **a. Date of fiscal year-end:** 2023-07-31

- **b. Date as of which information is reported:** 2023-01-31

**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:** $4488534.38

**Total Liabilities:** $135356.41

**Net Assets:** $4353177.97

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** 0.00000000 | **10-Year:** -119.00000000 | **30-Year:** -49.00000000

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

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** -420.00000000 | **10-Year:** -976.00000000 | **30-Year:** -33.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000162265 | 2.01%                | -0.45%               | 3.79%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-3290.52                | $70695.35                                  |
| Month 2  | $-4817.41                | $-40230.08                                 |
| Month 3  | $-20747.80               | $158231.34                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| CDW LLC/CDW FINANCE                                         | CDW LLC / CDW Finance Corp                                             | CUSIP: 12513GBJ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     35000 | PA      | $30106.48     | 0.69%             | 2031-12-01      | Fixed         | 3.57%                 | No            |                  2 | On Loan: No      |
| METIS MERGER SUB LLC                                        | Metis Merger Sub LLC                                                   | CUSIP: 59155LAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     30000 | PA      | $25609.05     | 0.59%             | 2029-05-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| NAVIENT CORP                                                | Navient Corp                                                           | CUSIP: 63938CAL2<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |     20000 | PA      | $17707.60     | 0.41%             | 2028-03-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| PREMIER ENTERTAINMENT SU                                    | Premier Entertainment Sub LLC / Premier Entertainment Finance Corp     | CUSIP: 74052HAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     45000 | PA      | $32406.12     | 0.74%             | 2029-09-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| MCGRAW-HILL EDUCATION                                       | McGraw-Hill Education Inc                                              | CUSIP: 57767XAA8<br>LEI: 254900U6YJ9QZ4IQOR26 | Long             | DBT              | CORP              | US        |     40000 | PA      | $35203.79     | 0.81%             | 2028-08-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CAESARS ENTERTAIN INC                                       | Caesars Entertainment Inc                                              | CUSIP: 28470RAH5<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9971.48      | 0.23%             | 2025-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                                             | United States Treasury Note/Bond                                       | CUSIP: 9128284L1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    225000 | PA      | $223903.67    | 5.14%             | 2023-04-30      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| MCGRAW-HILL EDUCATION                                       | McGraw-Hill Education Inc                                              | CUSIP: 57767XAB6<br>LEI: 254900U6YJ9QZ4IQOR26 | Long             | DBT              | CORP              | US        |     40000 | PA      | $34360.20     | 0.79%             | 2029-08-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| REGAL REXNORD CORP                                          | Regal Rexnord Corp                                                     | CUSIP: 758750AE3<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | DBT              | CORP              | US        |     19000 | PA      | $19419.05     | 0.45%             | 2030-02-15      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| FORTRESS TRANS & INFRAST                                    | Fortress Transportation and Infrastructure Investors LLC               | CUSIP: 34960PAB7<br>LEI: 529900E7PUVK6BC8PE80 | Long             | DBT              | CORP              | US        |     27000 | PA      | $26169.75     | 0.60%             | 2025-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| TURNING POINT BRANDS INC                                    | Turning Point Brands Inc                                               | CUSIP: 90041LAF2<br>LEI: 549300IYG00QF0VVP302 | Long             | DBT              | CORP              | US        |     55000 | PA      | $50026.37     | 1.15%             | 2026-02-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| ARCELORMITTAL SA                                            | ArcelorMittal SA                                                       | CUSIP: 03938LBF0<br>LEI: 2EULGUTUI56JI9SAL165 | Long             | DBT              | CORP              | LU        |     40000 | PA      | $42089.89     | 0.97%             | 2032-11-29      | Fixed         | 6.80%                 | No            |                  2 | On Loan: No      |
| OCCIDENTAL PETROLEUM COR                                    | Occidental Petroleum Corp                                              | CUSIP: 674599EF8<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |     55000 | PA      | $57487.10     | 1.32%             | 2031-01-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| TAYLOR MORRISON COMM                                        | Taylor Morrison Communities Inc                                        | CUSIP: 87724RAJ1<br>LEI: 549300O1Z08HI2MRK572 | Long             | DBT              | CORP              | US        |     40000 | PA      | $36623.40     | 0.84%             | 2030-08-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| TASEKO MINES LTD                                            | Taseko Mines Ltd                                                       | CUSIP: 876511AF3<br>LEI: 549300XKUO1JSLU7KX54 | Long             | DBT              | CORP              | CA        |     35000 | PA      | $33213.08     | 0.76%             | 2026-02-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| NORTHRIVER MIDSTREAM FIN                                    | Northriver Midstream Finance LP                                        | CUSIP: 66679NAA8<br>LEI: 549300SOLNLY3BL6GF18 | Long             | DBT              | CORP              | CA        |     25000 | PA      | $24041.50     | 0.55%             | 2026-02-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| CROWNROCK LP/CROWNROCK F                                    | CrownRock LP / CrownRock Finance Inc                                   | CUSIP: 228701AF5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     35000 | PA      | $34167.53     | 0.78%             | 2025-10-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| DENTSPLY SIRONA INC                                         | DENTSPLY SIRONA Inc                                                    | CUSIP: 24906PAA7<br>LEI: 9NHEHR1SOZCYXDO8HO28 | Long             | DBT              | CORP              | US        |     40000 | PA      | $35201.72     | 0.81%             | 2030-06-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| GLOBAL INFRASTRUCTURE SO                                    | Global Infrastructure Solutions Inc                                    | CUSIP: 37960XAB3<br>LEI: 2549003BGLQITAJ6ZT28 | Long             | DBT              | CORP              | US        |     60000 | PA      | $51093.94     | 1.17%             | 2032-04-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| DT MIDSTREAM INC                                            | DT Midstream Inc                                                       | CUSIP: 23345MAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $43956.75     | 1.01%             | 2029-06-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| TEVA PHARMACEUTICALS NE                                     | Teva Pharmaceutical Finance Netherlands III BV                         | CUSIP: 88167AAE1<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |     45000 | PA      | $40598.10     | 0.93%             | 2026-10-01      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| DELUXE CORP                                                 | Deluxe Corp                                                            | CUSIP: 248019AU5<br>LEI: KWGNKB8TX9LE5TV29231 | Long             | DBT              | CORP              | US        |     20000 | PA      | $17153.50     | 0.39%             | 2029-06-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL CALCASIEU                                    | Venture Global Calcasieu Pass LLC                                      | CUSIP: 92328MAA1<br>LEI: 549300GKHS6RS20NLH85 | Long             | DBT              | CORP              | US        |      5000 | PA      | $4457.40      | 0.10%             | 2029-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| FERRELLGAS LP/FERRELLGAS                                    | Ferrellgas LP / Ferrellgas Finance Corp                                | CUSIP: 315289AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     30000 | PA      | $27647.10     | 0.64%             | 2026-04-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I/HILCORP                                    | Hilcorp Energy I LP / Hilcorp Finance Co                               | CUSIP: 431318AV6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     15000 | PA      | $13926.75     | 0.32%             | 2031-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| GLP CAPITAL LP / FIN II                                     | GLP Capital LP / GLP Financing II Inc                                  | CUSIP: 361841AR0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     53000 | PA      | $44008.77     | 1.01%             | 2032-01-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| BROADSTREET PARTNERS INC                                    | BroadStreet Partners Inc                                               | CUSIP: 11135RAA3<br>LEI: 549300BS9N54G8DD0R75 | Long             | DBT              | CORP              | US        |     50000 | PA      | $44237.75     | 1.02%             | 2029-04-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| JACOBS ENTERTAINMENT INC                                    | Jacobs Entertainment Inc                                               | CUSIP: 469815AK0<br>LEI: 5493004U9JIWY3HSUO63 | Long             | DBT              | CORP              | US        |     40000 | PA      | $37260.40     | 0.86%             | 2029-02-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| MPT OPER PARTNERSP/FINL                                     | MPT Operating Partnership LP / MPT Finance Corp                        | CUSIP: 55342UAM6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     25000 | PA      | $17534.95     | 0.40%             | 2031-03-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| GRAY TELEVISION INC                                         | Gray Television Inc                                                    | CUSIP: 389284AA8<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |     45000 | PA      | $41000.18     | 0.94%             | 2027-05-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CARRIAGE SERVICES INC                                       | Carriage Services Inc                                                  | CUSIP: 143905AP2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     45000 | PA      | $37085.40     | 0.85%             | 2029-05-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| AKUMIN INC                                                  | Akumin Inc                                                             | CUSIP: 01021FAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     60000 | PA      | $46577.40     | 1.07%             | 2025-11-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                                      | CCO Holdings LLC / CCO Holdings Capital Corp                           | CUSIP: 1248EPCS0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      2000 | PA      | $1932.29      | 0.04%             | 2029-09-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| CONSENSUS CLOUD SOLUTION                                    | Consensus Cloud Solutions Inc                                          | CUSIP: 20848VAB1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     30000 | PA      | $28129.20     | 0.65%             | 2028-10-15      | Fixed         | 6.50%                 | 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        |     60000 | PA      | $52296.90     | 1.20%             | 2028-09-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| ACRISURE LLC / FIN INC                                      | Acrisure LLC / Acrisure Finance Inc                                    | CUSIP: 00489LAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     65000 | PA      | $61925.50     | 1.42%             | 2025-11-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| AT HOME GROUP INC                                           | At Home Group Inc                                                      | CUSIP: 04650YAA8<br>LEI: 549300LGPR0P05O30I24 | Long             | DBT              | CORP              | US        |     10000 | PA      | $7212.35      | 0.17%             | 2028-07-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| BLUELINX HOLDING                                            | BlueLinx Holdings Inc                                                  | CUSIP: 09624HAA7<br>LEI: 549300YSX7GU28F5I540 | Long             | DBT              | CORP              | US        |     20000 | PA      | $17755.50     | 0.41%             | 2029-11-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| VIASAT INC                                                  | Viasat Inc                                                             | CUSIP: 92552VAK6<br>LEI: UFC8NYMNFSYIHNSM2I38 | Long             | DBT              | CORP              | US        |     15000 | PA      | $14120.25     | 0.32%             | 2025-09-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                                       | Level 3 Financing Inc                                                  | CUSIP: 527298BS1<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |     40000 | PA      | $29820.00     | 0.69%             | 2029-01-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| CAESARS ENTERTAIN INC                                       | Caesars Entertainment Inc                                              | CUSIP: 28470RAK8<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |     40000 | PA      | $40643.40     | 0.93%             | 2027-07-01      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| NMG HLDCO/NEIMAN MARCUS                                     | NMG Holding Co Inc / Neiman Marcus Group LLC                           | CUSIP: 62929RAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $47815.71     | 1.10%             | 2026-04-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| TEAM HEALTH HOLDINGS INC                                    | Team Health Holdings Inc                                               | CUSIP: 88047PAA2<br>LEI: 549300PVTQ4UDTTMQT11 | Long             | DBT              | CORP              | US        |     35000 | PA      | $23106.94     | 0.53%             | 2025-02-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                                       | TENET HEALTHCARE CORP SR SEC GLBL NT27                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     30000 | PA      | $29440.05     | 0.68%             | 2027-02-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| BAUSCH HEALTH COS INC                                       | Bausch Health Cos Inc                                                  | CUSIP: 071734AC1<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |     20000 | PA      | $13573.90     | 0.31%             | 2027-08-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INC                                           | Iron Mountain Inc                                                      | CUSIP: 46284VAN1<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              | CORP              | US        |     40000 | PA      | $34328.80     | 0.79%             | 2031-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| MAGNOLIA OIL GAS/MAG FIN                                    | Magnolia Oil & Gas Operating LLC / Magnolia Oil & Gas Finance Corp     | CUSIP: 559665AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     40000 | PA      | $38740.40     | 0.89%             | 2026-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| AMS-OSRAM AG                                                | ams-OSRAM AG                                                           | CUSIP: 03217CAA4<br>LEI: 5299001JPPT2QFTV5D76 | Long             | DBT              | CORP              | AT        |     35000 | PA      | $33736.25     | 0.77%             | 2025-07-31      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| LANNETT CO INC                                              | Lannett Co Inc                                                         | CUSIP: 51602UAD0<br>LEI: 5299001DJ6C90XX17G45 | Long             | DBT              | CORP              | US        |     15000 | PA      | $3843.52      | 0.09%             | 2026-04-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| GATES GLOBAL/GATES CORP                                     | Gates Global LLC / Gates Corp                                          | CUSIP: 36740LAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     35000 | PA      | $34515.16     | 0.79%             | 2026-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| MEDLINE BORROWER LP                                         | Medline Borrower LP                                                    | CUSIP: 62482BAB8<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |     55000 | PA      | $46128.79     | 1.06%             | 2029-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| DISH DBS CORP                                               | DISH DBS Corp                                                          | CUSIP: 25470XAW5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     20000 | PA      | $18900.00     | 0.43%             | 2024-11-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| VISTA OUTDOOR INC                                           | Vista Outdoor Inc                                                      | CUSIP: 928377AC4<br>LEI: 549300QI2D33ESTJLN81 | Long             | DBT              | CORP              | US        |     45000 | PA      | $36506.70     | 0.84%             | 2029-03-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| JP MORGAN U.S. GOVERNMENT MONEY MARKET INSTITUTIONAL SHARES | JP MORGAN U.S. GOVERNMENT MONEY MARKET INSTITUTIONAL SHARES            | CUSIP: 000000000<br>LEI: N/A                  | Long             | STIV             | RF                | US        |    168167 | NS      | $168167.24    | 3.86%             |  |  |  | No            |                  1 | On Loan: No      |
| NEPTUNE BIDCO US INC                                        | Neptune Bidco US Inc                                                   | CUSIP: 640695AA0<br>LEI: 549300VG15T3VCYZ4531 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9735.15      | 0.22%             | 2029-04-15      | Fixed         | 9.29%                 | No            |                  2 | On Loan: No      |
| FORTRESS TRANS & INFRAST                                    | Fortress Transportation and Infrastructure Investors LLC               | CUSIP: 34960PAC5<br>LEI: 529900E7PUVK6BC8PE80 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10293.72     | 0.24%             | 2027-08-01      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                        | OneMain Finance Corp                                                   | CUSIP: 85172FAM1<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |     35000 | PA      | $34937.18     | 0.80%             | 2025-03-15      | Fixed         | 6.88%                 | 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        |     40000 | PA      | $38301.80     | 0.88%             | 2028-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| LADDER CAP FIN LLLP/CORP                                    | Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp     | CUSIP: 505742AM8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     70000 | PA      | $61803.70     | 1.42%             | 2027-02-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| H-FOOD HOLDNG/HEARTHSIDE                                    | H-Food Holdings LLC / Hearthside Finance Co Inc                        | CUSIP: 577088AA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     30000 | PA      | $20437.82     | 0.47%             | 2026-06-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| NABORS INDUSTRIES LTD                                       | Nabors Industries Ltd                                                  | CUSIP: 629571AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |     30000 | PA      | $29223.90     | 0.67%             | 2026-01-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| MILLENNIUM ESCROW CORP                                      | Millennium Escrow Corp                                                 | CUSIP: 60041CAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     45000 | PA      | $31368.15     | 0.72%             | 2026-08-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| OT MERGER CORP                                              | OT Merger Corp                                                         | CUSIP: 688777AA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     20000 | PA      | $12871.00     | 0.30%             | 2029-10-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS                                    | CHS/Community Health Systems Inc                                       | CUSIP: 12543DBL3<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |     20000 | PA      | $12050.56     | 0.28%             | 2030-04-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| CITGO PETROLEUM CORP                                        | CITGO Petroleum Corp                                                   | CUSIP: 17302XAK2<br>LEI: YX52P86PXMLYDOTUQ225 | Long             | DBT              | CORP              | US        |     65000 | PA      | $64524.85     | 1.48%             | 2025-06-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| EQM MIDSTREAM PARTNERS L                                    | EQM Midstream Partners LP                                              | CUSIP: 26885BAN0<br>LEI: 549300NELT611CL6XM83 | Long             | DBT              | CORP              | US        |     25000 | PA      | $25000.88     | 0.57%             | 2030-06-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| SURGERY CENTER HOLDINGS                                     | Surgery Center Holdings Inc                                            | CUSIP: 84611WAB0<br>LEI: 54930054EVI5HWPPW113 | Long             | DBT              | CORP              | US        |     20000 | PA      | $19880.00     | 0.46%             | 2025-07-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| AVIENT CORP                                                 | Avient Corp                                                            | CUSIP: 05368VAA4<br>LEI: SM8L9RZYIB34LNTWO040 | Long             | DBT              | CORP              | US        |     35000 | PA      | $35305.33     | 0.81%             | 2030-08-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| SOUTHWESTERN ENERGY CO                                      | Southwestern Energy Co                                                 | CUSIP: 845467AR0<br>LEI: EFWMP121W54QV9MGOP87 | Long             | DBT              | CORP              | US        |     25000 | PA      | $23523.25     | 0.54%             | 2029-02-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                               | TransDigm Inc                                                          | CUSIP: 893647BL0<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |     40000 | PA      | $38243.63     | 0.88%             | 2027-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS                                    | CHS/Community Health Systems Inc                                       | CUSIP: 12543DBJ8<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |     15000 | PA      | $9510.75      | 0.22%             | 2029-04-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| USA COM PART/USA COM FIN                                    | USA Compression Partners LP / USA Compression Finance Corp             | CUSIP: 91740PAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     30000 | PA      | $29483.70     | 0.68%             | 2026-04-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR COMPANY                                          | Ford Motor Co                                                          | CUSIP: 345370DA5<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | DBT              | CORP              | US        |     75000 | PA      | $59621.78     | 1.37%             | 2032-02-12      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| REGAL REXNORD CORP                                          | Regal Rexnord Corp                                                     | CUSIP: 758750AF0<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | DBT              | CORP              | US        |     18000 | PA      | $18474.32     | 0.42%             | 2033-04-15      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| CHART INDUSTRIES INC                                        | Chart Industries Inc                                                   | CUSIP: 16115QAG5<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | DBT              | CORP              | US        |     30000 | PA      | $31346.10     | 0.72%             | 2031-01-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| GENESIS ENERGY LP/FIN                                       | Genesis Energy LP / Genesis Energy Finance Corp                        | CUSIP: 37185LAN2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      5000 | PA      | $5087.45      | 0.12%             | 2030-04-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| TRANSOCEAN INC                                              | Transocean Inc                                                         | CUSIP: 893830BX6<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | KY        |     25000 | PA      | $25809.38     | 0.59%             | 2030-02-15      | Fixed         | 8.75%                 | 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        |     45000 | PA      | $41897.93     | 0.96%             | 2026-11-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| SRS DISTRIBUTION INC                                        | SRS Distribution Inc                                                   | CUSIP: 78471RAC0<br>LEI: 549300ZQ3XP75BCYM468 | Long             | DBT              | CORP              | US        |     25000 | PA      | $21531.63     | 0.49%             | 2029-07-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Arcline FM Holdings LLC                                     | ARCLINE FM HOLDI 06/15/29                                              | CUSIP: 03960DAD5<br>LEI: 2549000HKCEC1E8UTO17 | Long             | LON              | CORP              | US        |     25000 | PA      | $22750.00     | 0.52%             | 2029-06-23      | Floating      | 12.76%                | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                                       | Tenet Healthcare Corp                                                  | CUSIP: 88033GDP2<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |     20000 | PA      | $19437.50     | 0.45%             | 2030-06-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| ICAHN ENTERPRISES/FIN                                       | Icahn Enterprises LP / Icahn Enterprises Finance Corp                  | CUSIP: 451102BT3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     10000 | PA      | $9878.00      | 0.23%             | 2026-05-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ISTAR INC                                                   | iStar Inc                                                              | CUSIP: 45031UCG4<br>LEI: QFFLKWYYS3UPWD86E794 | Long             | DBT              | CORP              | US        |     40000 | PA      | $39751.40     | 0.91%             | 2025-08-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| BAUSCH HEALTH COS INC                                       | Bausch Health Cos Inc                                                  | CUSIP: 071734AP2<br>LEI: B3BS7ACMDUWISF18KY76 | Long             | DBT              | CORP              | CA        |      5000 | PA      | $3418.33      | 0.08%             | 2027-02-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| COBRA ACQUISITIONCO LLC                                     | Cobra AcquisitionCo LLC                                                | CUSIP: 19106CAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     40000 | PA      | $24448.20     | 0.56%             | 2029-11-01      | Fixed         | 6.38%                 | 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        |     35000 | PA      | $32593.05     | 0.75%             | 2029-02-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| GENERAL ELECTRIC CO                                         | General Electric Co                                                    | CUSIP: 369604BQ5<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | DBT              | CORP              | US        |     35000 | PA      | $35008.75     | 0.80%             | N/A             | Floating      | 8.10%                 | No            |                  2 | On Loan: No      |
| HLF FIN SARL LLC/HERBALI                                    | HLF Financing Sarl LLC / Herbalife International Inc                   | CUSIP: 40390DAC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     55000 | PA      | $40294.65     | 0.93%             | 2029-06-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| FERRELLGAS LP/FERRELLGAS                                    | Ferrellgas LP / Ferrellgas Finance Corp                                | CUSIP: 315289AC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     15000 | PA      | $12506.25     | 0.29%             | 2029-04-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| RACKSPACE TECHNOLOGY                                        | Rackspace Technology Global Inc                                        | CUSIP: 750098AA3<br>LEI: 549300QTYCKLMFSE8I97 | Long             | DBT              | CORP              | US        |     50000 | PA      | $18499.25     | 0.42%             | 2028-12-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| NEW ENTERPRISE STONE & L                                    | New Enterprise Stone & Lime Co Inc                                     | CUSIP: 644274AG7<br>LEI: 549300O5DQ5Y61B8VF38 | Long             | DBT              | CORP              | US        |     50000 | PA      | $47669.75     | 1.10%             | 2028-07-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                                      | CCO Holdings LLC / CCO Holdings Capital Corp                           | CUSIP: 1248EPCD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     45000 | PA      | $39375.00     | 0.90%             | 2030-03-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| SCIENCE APPLICATIONS INT                                    | Science Applications International Corp                                | CUSIP: 808625AA5<br>LEI: 549300LZPNZIXQGZPZ48 | Long             | DBT              | CORP              | US        |     50000 | PA      | $46935.00     | 1.08%             | 2028-04-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| LEGENDS HOSPITALITY HOLD                                    | Legends Hospitality Holding Co LLC / Legends Hospitality Co-Issuer Inc | CUSIP: 52473NAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     40000 | PA      | $36917.20     | 0.85%             | 2026-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                            | CSC Holdings LLC                                                       | CUSIP: 126307AH0<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |     30000 | PA      | $29400.00     | 0.68%             | 2024-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES                                     | Royal Caribbean Cruises Ltd                                            | CUSIP: 780153BR2<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |      3000 | PA      | $3168.56      | 0.07%             | 2029-01-15      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| EQM MIDSTREAM PARTNERS L                                    | EQM Midstream Partners LP                                              | CUSIP: 26885BAF7<br>LEI: 549300NELT611CL6XM83 | Long             | DBT              | CORP              | US        |     12000 | PA      | $11827.14     | 0.27%             | 2025-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                                             | United States Treasury Note/Bond                                       | CUSIP: 9128285M8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     90000 | PA      | $87714.84     | 2.01%             | 2028-11-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| ALLIED UNIVERSAL                                            | Allied Universal Holdco LLC / Allied Universal Finance Corp            | CUSIP: 019576AA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     45000 | PA      | $43379.78     | 1.00%             | 2026-07-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| CHESAPEAKE ENERGY CORP                                      | Chesapeake Energy Corp                                                 | CUSIP: 165167DG9<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9588.10      | 0.22%             | 2029-02-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                          | Energy Transfer LP                                                     | CUSIP: 29273VAN0<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |     60000 | PA      | $56422.80     | 1.30%             | N/A             | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL CALCASIEU                                    | Venture Global Calcasieu Pass LLC                                      | CUSIP: 92328MAB9<br>LEI: 549300GKHS6RS20NLH85 | Long             | DBT              | CORP              | US        |     45000 | PA      | $39960.23     | 0.92%             | 2031-08-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| LSB INDUSTRIES                                              | LSB Industries Inc                                                     | CUSIP: 502160AN4<br>LEI: 5493001H215A0HG0MI71 | Long             | DBT              | CORP              | US        |     50000 | PA      | $45115.00     | 1.04%             | 2028-10-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| NABORS INDUSTRIES INC                                       | Nabors Industries Inc                                                  | CUSIP: 62957HAH8<br>LEI: 549300VFQWRKICUFNU92 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10201.52     | 0.23%             | 2025-02-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| CORONADO FINANCE PTY LTD                                    | Coronado Finance Pty Ltd                                               | CUSIP: 21979LAA4<br>LEI: 549300NS5FS0W548RE27 | Long             | DBT              | CORP              | AU        |     50000 | PA      | $51680.55     | 1.19%             | 2026-05-15      | Fixed         | 10.75%                | 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       |     30000 | PA      | $29922.21     | 0.69%             | 2027-05-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| TELESAT CANADA/TELESAT L                                    | Telesat Canada / Telesat LLC                                           | CUSIP: 87952VAM8<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |     20000 | PA      | $5613.24      | 0.13%             | 2027-10-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| MAUSER PACKAGING SOLUT                                      | Mauser Packaging Solutions Holding Co                                  | CUSIP: 12429TAE4<br>LEI: 549300DNGHXL0OMHW304 | Long             | DBT              | CORP              | US        |     60000 | PA      | $58651.80     | 1.35%             | 2025-04-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| SCIENTIFIC GAMES INTERNA                                    | Scientific Games International Inc                                     | CUSIP: 80874YBC3<br>LEI: RLTHESQ0RNFQJWPBJN60 | Long             | DBT              | CORP              | US        |     45000 | PA      | $44610.68     | 1.02%             | 2028-05-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| TRIDENT TPI HOLDINGS INC                                    | Trident TPI Holdings Inc                                               | CUSIP: 89616RAB5<br>LEI: 549300TPLK304J3RNC85 | Long             | DBT              | CORP              | US        |     45000 | PA      | $43982.41     | 1.01%             | 2024-08-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| NORDSTROM INC                                               | Nordstrom Inc                                                          | CUSIP: 655664AY6<br>LEI: 549300S3IZB5P35KNV16 | Long             | DBT              | CORP              | US        |     45000 | PA      | $33854.85     | 0.78%             | 2031-08-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| SERVICE PROPERTIES TRUST                                    | Service Properties Trust                                               | CUSIP: 44106MAY8<br>LEI: 529900IS770AG1K9QG27 | Long             | DBT              | CORP              | US        |     50000 | PA      | $36402.50     | 0.84%             | 2030-02-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| TRANSOCEAN INC                                              | Transocean Inc                                                         | CUSIP: 893830BQ1<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | KY        |     13000 | PA      | $13583.05     | 0.31%             | 2027-01-30      | Fixed         | 11.50%                | No            |                  2 | On Loan: No      |
| WR GRACE HOLDING LLC                                        | WR Grace Holdings LLC                                                  | CUSIP: 92943GAA9<br>LEI: 549300WNOVFRGYOAEB12 | Long             | DBT              | CORP              | US        |     37000 | PA      | $30932.00     | 0.71%             | 2029-08-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| DISH DBS CORP                                               | DISH DBS Corp                                                          | CUSIP: 25470XAY1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     60000 | PA      | $48808.50     | 1.12%             | 2026-07-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| AT HOME GROUP INC                                           | At Home Group Inc                                                      | CUSIP: 04650YAB6<br>LEI: 549300LGPR0P05O30I24 | Long             | DBT              | CORP              | US        |     40000 | PA      | $24849.60     | 0.57%             | 2029-07-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| STATION CASINOS LLC                                         | Station Casinos LLC                                                    | CUSIP: 857691AG4<br>LEI: 5493004E7Q60TX54WL62 | Long             | DBT              | CORP              | US        |     30000 | PA      | $27045.60     | 0.62%             | 2028-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| DAVITA INC                                                  | DaVita Inc                                                             | CUSIP: 23918KAT5<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | DBT              | CORP              | US        |     50000 | PA      | $38940.25     | 0.89%             | 2031-02-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS                                    | CHS/Community Health Systems Inc                                       | CUSIP: 12543DBK5<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |     20000 | PA      | $15329.45     | 0.35%             | 2031-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CHESAPEAKE ENERGY CORP                                      | Chesapeake Energy Corp                                                 | CUSIP: 165167DF1<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | DBT              | CORP              | US        |     45000 | PA      | $43674.79     | 1.00%             | 2026-02-01      | Fixed         | 5.50%                 | 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        |      5000 | PA      | $4278.13      | 0.10%             | 2030-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ASCENT RESOURCES/ARU FIN                                    | Ascent Resources Utica Holdings LLC / ARU Finance Corp                 | CUSIP: 04364VAR4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     40000 | PA      | $39228.27     | 0.90%             | 2028-12-31      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS                                    | CHS/Community Health Systems Inc                                       | CUSIP: 12543DBM1<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |     40000 | PA      | $32327.60     | 0.74%             | 2030-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ECL Entertainment LLC                                       | ECL ENTERTAINMEN 03/31/28                                              | CUSIP: 000000000<br>LEI: 254900UPSGHOBB360Z85 | Long             | LON              | CORP              | US        |      9850 | PA      | $9871.57      | 0.23%             | 2028-04-30      | Floating      | 12.07%                | No            |                  2 | On Loan: No      |
| TEINE ENERGY LTD                                            | Teine Energy Ltd                                                       | CUSIP: 879068AB0<br>LEI: 5493002EE80G6ER7SM91 | Long             | DBT              | CORP              | CA        |     45000 | PA      | $42077.48     | 0.97%             | 2029-04-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| TITAN ACQ/CO-BORROWER                                       | Titan Acquisition Ltd / Titan Co-Borrower LLC                          | CUSIP: 88827AAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |     40000 | PA      | $37902.40     | 0.87%             | 2026-04-15      | Fixed         | 7.75%                 | 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        |     55000 | PA      | $52223.05     | 1.20%             | 2027-01-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| BLOCK INC                                                   | Block Inc                                                              | CUSIP: 852234AP8<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |     35000 | PA      | $29277.18     | 0.67%             | 2031-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| CONSENSUS CLOUD SOLUTION                                    | Consensus Cloud Solutions Inc                                          | CUSIP: 20848VAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     10000 | PA      | $9578.73      | 0.22%             | 2026-10-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FMG RESOURCES AUG 2006                                      | FMG Resources August 2006 Pty Ltd                                      | CUSIP: 30251GBD8<br>LEI: 549300EFD6S2NFE9D745 | Long             | DBT              | CORP              | AU        |     45000 | PA      | $43999.88     | 1.01%             | 2030-04-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-03-22

**Name of Applicant:** Virtus ETF Trust II

**Signature:** Brinton W. Frith

**Name of Signer:** Brinton W. Frith

**Title:** Treasurer and Principal Financial Officer