# EDGAR Filing Document

**Accession Number:** 0001018593
**File Stem:** 0000940400-25-011208
**Filing Date:** 2025-11
**Character Count:** 41936
**Document Hash:** ff1d453ba1a2875f989f2db2c9309f48
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-25-011208.hdr.sgml**: 20251126

**ACCESSION NUMBER**: 0000940400-25-011208

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251126

**DATE AS OF CHANGE**: 20251126

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VIRTUS ASSET TRUST
- **CENTRAL INDEX KEY:** 0001018593

**ORGANIZATION NAME:**
- **EIN:** 956981193
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07705
- **FILM NUMBER:** 251531633

**BUSINESS ADDRESS:**
- **STREET 1:** 101 MUNSON STREET
- **CITY:** GREENFIELD
- **STATE:** MA
- **ZIP:** 01301
- **BUSINESS PHONE:** (800) 243-4361

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PHOENIX ASSET TRUST
- **DATE OF NAME CHANGE:** 20060523

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PHOENIX-KAYNE FUNDS
- **DATE OF NAME CHANGE:** 20021223

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** KAYNE ANDERSON RUDNICK MUTUAL FUNDS
- **DATE OF NAME CHANGE:** 20010226

## Series and Classes Contracts Data

### Virtus Ceredex Small-Cap Value Equity Fund (Series ID: S000057041)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000181226 | Class A      | SASVX           |
| C000181227 | Class C      | STCEX           |
| C000181228 | Class I      | SCETX           |
| C000211610 | Class R6     | VVERX           |

## Nport-Ex

**VIRTUS Ceredex Small-Cap Value Equity Fund**

**SCHEDULE OF INVESTMENTS (Unaudited)**

**September 30, 2025**

($ reported in thousands)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Common Stocks—98.3%** | **Common Stocks—98.3%** | **Common Stocks—98.3%** |
| **Communication Services—0.8%** | **Communication Services—0.8%** |  |
| &nbsp;&nbsp;&nbsp; Cogent Communications <br> Holdings, Inc.<br>| 19450 | &nbsp;&nbsp; $746 |
| **Consumer Discretionary—7.3%** | **Consumer Discretionary—7.3%** |  |
| &nbsp;&nbsp;&nbsp; Academy Sports & Outdoors, <br> Inc.<br>| 17550 | &nbsp;&nbsp; 878 |
| Autoliv, Inc. | 6200 | &nbsp;&nbsp; 765 |
| Bath & Body Works, Inc. | 28650 | &nbsp;&nbsp; 738 |
| Levi Strauss & Co. Class A | 34800 | &nbsp;&nbsp; 811 |
| Meritage Homes Corp. | 14100 | &nbsp;&nbsp; 1021 |
| Murphy USA, Inc. | 2400 | &nbsp;&nbsp; 932 |
| Steven Madden Ltd. | 28400 | &nbsp;&nbsp; 951 |
| Vail Resorts, Inc. | 5650 | &nbsp;&nbsp; 845 |
|  |  | &nbsp;&nbsp; 6941 |
| **Consumer Staples—2.0%** | **Consumer Staples—2.0%** |  |
| Primo Brands Corp. Class A | 38100 | &nbsp;&nbsp; 842 |
| &nbsp;&nbsp;&nbsp; Reynolds Consumer <br> Products, Inc.<br>| 42000 | &nbsp;&nbsp; 1028 |
|  |  | &nbsp;&nbsp; 1870 |
| **Energy—7.8%** | **Energy—7.8%** |  |
| DT Midstream, Inc. | 14300 | &nbsp;&nbsp; 1617 |
| Matador Resources Co. | 32850 | &nbsp;&nbsp; 1476 |
| NOV, Inc. | 81350 | &nbsp;&nbsp; 1078 |
| Range Resources Corp. | 45650 | &nbsp;&nbsp; 1718 |
| &nbsp;&nbsp;&nbsp; Solaris Energy Infrastructure, <br> Inc. Class A<br>| 36350 | &nbsp;&nbsp; 1453 |
|  |  | &nbsp;&nbsp; 7342 |
| **Financials—25.0%** | **Financials—25.0%** |  |
| Ally Financial, Inc. | 35500 | &nbsp;&nbsp; 1392 |
| Axis Capital Holdings Ltd. | 12050 | &nbsp;&nbsp; 1154 |
| &nbsp;&nbsp;&nbsp; Columbia Banking System, <br> Inc.<br>| 55500 | &nbsp;&nbsp; 1429 |
| Cullen/Frost Bankers, Inc. | 10500 | &nbsp;&nbsp; 1331 |
| Evercore, Inc. Class A | 2550 | &nbsp;&nbsp; 860 |
| First Merchants Corp. | 33000 | &nbsp;&nbsp; 1244 |
| FNB Corp. | 76350 | &nbsp;&nbsp; 1230 |
| Glacier Bancorp, Inc. | 26500 | &nbsp;&nbsp; 1290 |
| NBT Bancorp, Inc. | 31000 | &nbsp;&nbsp; 1295 |
| &nbsp;&nbsp;&nbsp; Perella Weinberg Partners <br> Class A<br>| 40150 | &nbsp;&nbsp; 856 |
| &nbsp;&nbsp;&nbsp; Pinnacle Financial Partners, <br> Inc.<br>| 12200 | &nbsp;&nbsp; 1144 |
| Prosperity Bancshares, Inc. | 18600 | &nbsp;&nbsp; 1234 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Financials—continued** | **Financials—continued** |  |
| &nbsp;&nbsp;&nbsp; Seacoast Banking Corp. of <br> Florida<br>| 44550 | &nbsp;&nbsp; $1356 |
| ServisFirst Bancshares, Inc. | 15900 | &nbsp;&nbsp; 1280 |
| SLM Corp. | 33800 | &nbsp;&nbsp; 936 |
| SouthState Bank Corp. | 14350 | &nbsp;&nbsp; 1419 |
| UMB Financial Corp. | 14750 | &nbsp;&nbsp; 1746 |
| Voya Financial, Inc. | 15100 | &nbsp;&nbsp; 1129 |
| Wintrust Financial Corp. | 9850 | &nbsp;&nbsp; 1304 |
|  |  | &nbsp;&nbsp; 23629 |
| **Health Care—2.4%** | **Health Care—2.4%** |  |
| Bruker Corp. | 46700 | &nbsp;&nbsp; 1517 |
| &nbsp;&nbsp;&nbsp; Concentra Group Holdings <br> Parent, Inc.<br>| 34950 | &nbsp;&nbsp; 732 |
|  |  | &nbsp;&nbsp; 2249 |
| **Industrials—19.7%** | **Industrials—19.7%** |  |
| AAON, Inc. | 16800 | &nbsp;&nbsp; 1570 |
| Esab Corp. | 9650 | &nbsp;&nbsp; 1078 |
| ESCO Technologies, Inc. | 7850 | &nbsp;&nbsp; 1657 |
| &nbsp;&nbsp;&nbsp; Fortune Brands Innovations, <br> Inc.<br>| 17000 | &nbsp;&nbsp; 908 |
| Helios Technologies, Inc. | 18350 | &nbsp;&nbsp; 957 |
| Herc Holdings, Inc. | 9200 | &nbsp;&nbsp; 1073 |
| Hexcel Corp. | 25500 | &nbsp;&nbsp; 1599 |
| &nbsp;&nbsp;&nbsp; MSC Industrial Direct Co., Inc. <br> Class A<br>| 12450 | &nbsp;&nbsp; 1147 |
| nVent Electric plc | 12900 | &nbsp;&nbsp; 1273 |
| Regal Rexnord Corp. | 6750 | &nbsp;&nbsp; 968 |
| &nbsp;&nbsp;&nbsp; Schneider National, Inc. <br> Class B<br>| 38200 | &nbsp;&nbsp; 808 |
| &nbsp;&nbsp;&nbsp; Simpson Manufacturing Co., <br> Inc.<br>| 5400 | &nbsp;&nbsp; 904 |
| Tennant Co. | 13850 | &nbsp;&nbsp; 1123 |
| Timken Co. (The) | 15700 | &nbsp;&nbsp; 1180 |
| Valmont Industries, Inc. | 3250 | &nbsp;&nbsp; 1260 |
| WESCO International, Inc. | 5350 | &nbsp;&nbsp; 1132 |
|  |  | &nbsp;&nbsp; 18637 |
| **Information Technology—12.2%** | **Information Technology—12.2%** |  |
| &nbsp;&nbsp;&nbsp; Advanced Energy Industries, <br> Inc.<br>| 9154 | &nbsp;&nbsp; 1557 |
| Amkor Technology, Inc. | 40600 | &nbsp;&nbsp; 1153 |
| Belden, Inc. | 10650 | &nbsp;&nbsp; 1281 |
| Littelfuse, Inc. | 4450 | &nbsp;&nbsp; 1153 |
| MKS, Inc. | 8500 | &nbsp;&nbsp; 1052 |
| Power Integrations, Inc. | 23100 | &nbsp;&nbsp; 929 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Information Technology—continued** | **Information Technology—continued** |  |
| Ralliant Corp. | 24650 | &nbsp;&nbsp; $1078 |
| TD SYNNEX Corp. | 11000 | &nbsp;&nbsp; 1801 |
| Vontier Corp. | 36200 | &nbsp;&nbsp; 1519 |
|  |  | &nbsp;&nbsp; 11523 |
| **Materials—6.9%** | **Materials—6.9%** |  |
| Avient Corp. | 28400 | &nbsp;&nbsp; 936 |
| Element Solutions, Inc. | 52600 | &nbsp;&nbsp; 1324 |
| HB Fuller Co. | 18000 | &nbsp;&nbsp; 1067 |
| Louisiana-Pacific Corp. | 8650 | &nbsp;&nbsp; 768 |
| Materion Corp. | 5950 | &nbsp;&nbsp; 719 |
| Quaker Chemical Corp. | 5491 | &nbsp;&nbsp; 723 |
| Scotts Miracle-Gro Co. (The) | 18400 | &nbsp;&nbsp; 1048 |
|  |  | &nbsp;&nbsp; 6585 |
| **Real Estate—8.6%** | **Real Estate—8.6%** |  |
| Agree Realty Corp. | 16650 | &nbsp;&nbsp; 1183 |
| Brixmor Property Group, Inc. | 44500 | &nbsp;&nbsp; 1232 |
| Camden Property Trust | 13950 | &nbsp;&nbsp; 1489 |
| &nbsp;&nbsp;&nbsp; Colliers International Group, <br> Inc.<br>| 6000 | &nbsp;&nbsp; 937 |
| CubeSmart | 23950 | &nbsp;&nbsp; 974 |
| EastGroup Properties, Inc. | 7900 | &nbsp;&nbsp; 1337 |
| PotlatchDeltic Corp. | 23850 | &nbsp;&nbsp; 972 |
|  |  | &nbsp;&nbsp; 8124 |
| **Utilities—5.6%** | **Utilities—5.6%** |  |
| IDACORP, Inc. | 13950 | &nbsp;&nbsp; 1843 |
| OGE Energy Corp. | 38400 | &nbsp;&nbsp; 1777 |
| Pinnacle West Capital Corp. | 18750 | &nbsp;&nbsp; 1681 |
|  |  | &nbsp;&nbsp; 5301 |
| **Total Common Stocks** <br>**(Identified Cost $80,724)** | **Total Common Stocks** <br>**(Identified Cost $80,724)** | &nbsp;&nbsp; **92947** |
| **Total Long-Term** <br> **Investments—98.3%** <br>**(Identified Cost $80,724)** | **Total Long-Term** <br> **Investments—98.3%** <br>**(Identified Cost $80,724)** | &nbsp;&nbsp; **92947** |
| **TOTAL INVESTMENTS—98.3%** <br>**(Identified Cost $80,724)** | **TOTAL INVESTMENTS—98.3%** <br>**(Identified Cost $80,724)** | &nbsp;&nbsp; **$92947** |
| Other assets and liabilities, net—1.7% | Other assets and liabilities, net—1.7% | &nbsp;&nbsp; 1640 |
| **NET ASSETS—100.0%** | **NET ASSETS—100.0%** | &nbsp;&nbsp; **$94587** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| **Abbreviation:** | **Abbreviation:** |
| plc | Public Limited Company |

---

See Notes to Schedule of Investments

------

**VIRTUS Ceredex Small-Cap Value Equity Fund**

**SCHEDULE OF INVESTMENTS (Unaudited) (Continued)**

**September 30, 2025**

($ reported in thousands)

The following table summarizes the value of the Fund's investments as of September 30, 2025, based on the inputs used to value them (See Security Valuation Note 1 in the Notes to Schedule of Investments):

---

| | | |
|:---|:---|:---|
|  | Total <br>Value at <br>September 30, 2025<br>| Level 1 <br>Quoted Prices<br>|
| Assets: |  |  |
| Equity Securities: |  |  |
| &nbsp;&nbsp;&nbsp; Common Stocks | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $92947 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $92947 |
| Total Investments | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $92947 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $92947 |

---

There were no securities valued using significant observable inputs (Level 2) or significant unobservable inputs (Level 3) at September 30, 2025.

There were no transfers into or out of Level 3 related to securities held at September 30, 2025.

See Notes to Schedule of Investments

------

**VIRTUS Ceredex Small-Cap Value Equity Fund**

**NOTES TO SCHEDULE OF INVESTMENTS (Unaudited)**

**September 30, 2025**

**Note 1. Security Valuation**

The Fund's Board of Trustees has designated the investment adviser as the valuation designee to perform fair valuations pursuant to Rule 2a-5 under the Investment Company Act of 1940. The Fund utilizes a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. The Fund's policy is to recognize transfers into or out of Level 3 at the end of the reporting period.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 1 – quoted prices in active markets for identical securities (security types generally include listed equities).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 2 – prices determined using other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 3 – prices determined using significant unobservable inputs (including the investment adviser's Valuation Committee's own assumptions in determining the fair value of investments).

A description of the valuation techniques applied to the Fund's major categories of assets and liabilities measured at fair value on a recurring basis is as follows:

Equity securities are valued at the official closing price (typically last sale) on the exchange on which the securities are primarily traded or, if no closing price is available, at the last bid price and are categorized as Level 1 in the hierarchy. Illiquid, restricted equity securities and illiquid private placements are internally fair valued by the investment adviser's Valuation Committee, and are generally categorized as Level 3 in the hierarchy.

Certain non-U.S. securities may be fair valued in cases where closing prices are not readily available or are deemed not reflective of readily available market prices. For example, significant events (such as movement in the U.S. securities market, or other regional and local developments) may occur between the time that non-U.S. markets close (where the security is principally traded) and the time that the Fund calculates its net asset value ("NAV") at the close of regular trading on the New York Stock Exchange ("NYSE") (generally 4 p.m. Eastern time) that may impact the value of securities traded in these non-U.S. markets. In such cases, the Fund fair values non-U.S. securities using an independent pricing service which considers the correlation of the trading patterns of the non-U.S. security to the intraday trading in the U.S. markets for investments such as American Depositary Receipts, financial futures, Exchange-Traded Funds ("ETFs"), and certain indexes, as well as prices for similar securities. Such fair valuations are categorized as Level 2 in the hierarchy. Because the frequency of significant events is not predictable, fair valuation of certain non-U.S. common stocks may occur on a frequent basis.

Listed derivatives, such as options, that are actively traded are valued at the last posted settlement price from the exchange where they are principally traded and are categorized as Level 1 in the hierarchy. Over-the-counter derivative contracts, which include forward currency contracts and equity-linked instruments, do not require material subjectivity as pricing inputs are observed from actively quoted markets and are categorized as Level 2 in the hierarchy.

Investments in open-end mutual funds are valued at NAV. Investments in closed-end funds and ETFs are valued as of the close of regular trading on the NYSE each business day. Each is categorized as Level 1 in the hierarchy.

A summary of the inputs used to value the Fund's net assets by each major security type is disclosed at the end of the Schedule of Investments for the

Fund. The inputs or methodologies used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

*For additional information about significant accounting policies, refer to the Fund's most recent semi or annual financial statements.*

------

## 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 Asset Trust

- **b. Investment Company Act file number:** 811-07705

- **c. CIK number of Registrant:** 0001018593

- **d. LEI of Registrant:** 5493001887IYOL1CRU72

- **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:** 800-263-4790

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

- **a. Name of Series:** Virtus Ceredex Small-Cap Value Equity Fund

- **b. EDGAR series identifier (if any):** S000057041

- **c. LEI of Series:** 54930068N867YSPRX748

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

- **a. Date of fiscal year-end:** 2025-12-31

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $94715276.11

**Total Liabilities:** $134187.60

**Net Assets:** $94581088.51

**Cash Not Reported:** $1627300.97

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000181228 | 1.12%                | 5.39%                | -0.92%               |
| Class ID C000181227 | 1.09%                | 5.38%                | -1.02%               |
| Class ID C000181226 | 0.96%                | 5.36%                | -0.90%               |
| Class ID C000211610 | 1.15%                | 5.40%                | -0.94%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $39686.36                | $951654.01                                 |
| Month 2  | $54938.41                | $4797002.92                                |
| Month 3  | $3467.04                 | $-1013624.90                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Esab Corp                      | Esab Corp                           | CUSIP: 29605J106<br>LEI: 549300ZNV0SWBXEIWT04 | Long             | EC               | CORP              | US        |      9650 | NS      | $1078291.00   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Element Solutions Inc          | Element Solutions Inc               | CUSIP: 28618M106<br>LEI: 549300FLGN6P5CU20J91 | Long             | EC               | CORP              | US        |     52600 | NS      | $1323942.00   | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| DT Midstream Inc               | DT Midstream Inc                    | CUSIP: 23345M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     14300 | NS      | $1616758.00   | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| EastGroup Properties Inc       | EastGroup Properties Inc            | CUSIP: 277276101<br>LEI: 31TIGQQZC4P6JMHKSW85 | Long             | EC               | CORP              | US        |      7900 | NS      | $1337154.00   | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| TD SYNNEX Corp                 | TD SYNNEX Corp                      | CUSIP: 87162W100<br>LEI: 5493004HI6PFLF46NS53 | Long             | EC               | CORP              | US        |     11000 | NS      | $1801250.00   | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Amkor Technology Inc           | Amkor Technology Inc                | CUSIP: 031652100<br>LEI: 529900VHLRTKPWZJBM84 | Long             | EC               | CORP              | US        |     40600 | NS      | $1153040.00   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Meritage Homes Corp            | Meritage Homes Corp                 | CUSIP: 59001A102<br>LEI: 52990044W9UMFJO2FB97 | Long             | EC               | CORP              | US        |     14100 | NS      | $1021263.00   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Tennant Co                     | Tennant Co                          | CUSIP: 880345103<br>LEI: JYAIRLT8DVP6DP8UT336 | Long             | EC               | CORP              | US        |     13850 | NS      | $1122681.00   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Camden Property Trust          | Camden Property Trust               | CUSIP: 133131102<br>LEI: 5493002MYX22OHYJBD89 | Long             | EC               | CORP              | US        |     13950 | NS      | $1489581.00   | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Ally Financial Inc             | Ally Financial Inc                  | CUSIP: 02005N100<br>LEI: 549300JBN1OSM8YNAI90 | Long             | EC               | CORP              | US        |     35500 | NS      | $1391600.00   | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Reynolds Consumer Products Inc | Reynolds Consumer Products Inc      | CUSIP: 76171L106<br>LEI: 894500ZQLNYY77S80A06 | Long             | EC               | CORP              | US        |     42000 | NS      | $1027740.00   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| MSC Industrial Direct Co Inc   | MSC Industrial Direct Co Inc        | CUSIP: 553530106<br>LEI: 0XVKH0LN6YGOWO2EGO17 | Long             | EC               | CORP              | US        |     12450 | NS      | $1147143.00   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Energy Industries Inc | Advanced Energy Industries Inc      | CUSIP: 007973100<br>LEI: 549300756XI3QLFT2U27 | Long             | EC               | CORP              | US        |      9154 | NS      | $1557461.56   | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| SOUTHSTATE BANK CORP           | SOUTHSTATE BANK CORP                | CUSIP: 84472E102<br>LEI: 549300JZUANXM0YQ4W53 | Long             | EC               | CORP              | US        |     14350 | NS      | $1418784.50   | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Brixmor Property Group Inc     | Brixmor Property Group Inc          | CUSIP: 11120U105<br>LEI: 5299007UXW6Y0W2EGZ95 | Long             | EC               | CORP              | US        |     44500 | NS      | $1231760.00   | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| ServisFirst Bancshares Inc     | ServisFirst Bancshares Inc          | CUSIP: 81768T108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     15900 | NS      | $1280427.00   | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Columbia Banking System Inc    | Columbia Banking System Inc         | CUSIP: 197236102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     55500 | NS      | $1428570.00   | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| OGE Energy Corp                | OGE Energy Corp                     | CUSIP: 670837103<br>LEI: CE5OG6JPOZMDSA0LAQ19 | Long             | EC               | CORP              | US        |     38400 | NS      | $1776768.00   | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Bath & Body Works Inc          | Bath & Body Works Inc               | CUSIP: 070830104<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | EC               | CORP              | US        |     28650 | NS      | $738024.00    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Voya Financial Inc             | Voya Financial Inc                  | CUSIP: 929089100<br>LEI: 549300T065Z4KJ686G75 | Long             | EC               | CORP              | US        |     15100 | NS      | $1129480.00   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Seacoast Banking Corp of Flori | Seacoast Banking Corp of Florida    | CUSIP: 811707801<br>LEI: 549300V6IC06XYQYPG88 | Long             | EC               | CORP              | US        |     44550 | NS      | $1355656.50   | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Louisiana-Pacific Corp         | Louisiana-Pacific Corp              | CUSIP: 546347105<br>LEI: 549300C7E2UAO5BVRR75 | Long             | EC               | CORP              | US        |      8650 | NS      | $768466.00    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Steven Madden Ltd              | Steven Madden Ltd                   | CUSIP: 556269108<br>LEI: 549300Z9GZ7GYJWSGF43 | Long             | EC               | CORP              | US        |     28400 | NS      | $950832.00    | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Timken Co/The                  | Timken Co/The                       | CUSIP: 887389104<br>LEI: B0I35MLPFXZSE70ASS73 | Long             | EC               | CORP              | US        |     15700 | NS      | $1180326.00   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortune Brands Innovations Inc | Fortune Brands Innovations Inc      | CUSIP: 34964C106<br>LEI: 54930032LHW54PQUJD44 | Long             | EC               | CORP              | US        |     17000 | NS      | $907630.00    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| UMB Financial Corp             | UMB Financial Corp                  | CUSIP: 902788108<br>LEI: 549300MGEH3N3CUCV828 | Long             | EC               | CORP              | US        |     14750 | NS      | $1745662.50   | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Regal Rexnord Corp             | Regal Rexnord Corp                  | CUSIP: 758750103<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | EC               | CORP              | US        |      6750 | NS      | $968220.00    | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| FNB Corp/PA                    | FNB Corp/PA                         | CUSIP: 302520101<br>LEI: PCYSKIGYNYFDTBLVZU83 | Long             | EC               | CORP              | US        |     76350 | NS      | $1229998.50   | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Power Integrations Inc         | Power Integrations Inc              | CUSIP: 739276103<br>LEI: 54930085LGXSCIHD5W31 | Long             | EC               | CORP              | US        |     23100 | NS      | $928851.00    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Avient Corp                    | Avient Corp                         | CUSIP: 05368V106<br>LEI: SM8L9RZYIB34LNTWO040 | Long             | EC               | CORP              | US        |     28400 | NS      | $935780.00    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Primo Brands Corp              | Primo Brands Corp                   | CUSIP: 741623102<br>LEI: 254900J0WS4AXV2LAX55 | Long             | EC               | CORP              | US        |     38100 | NS      | $842010.00    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Quaker Chemical Corp           | Quaker Chemical Corp                | CUSIP: 747316107<br>LEI: 549300PJQ1R3WCWCPS54 | Long             | EC               | CORP              | US        |      5491 | NS      | $723439.25    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| First Merchants Corp           | First Merchants Corp                | CUSIP: 320817109<br>LEI: TZTBT0OTGQ2FEK6XMX94 | Long             | EC               | CORP              | US        |     33000 | NS      | $1244100.00   | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Scotts Miracle-Gro Co/The      | Scotts Miracle-Gro Co/The           | CUSIP: 810186106<br>LEI: 2TH9E0JTOUXOEGI2R879 | Long             | EC               | CORP              | US        |     18400 | NS      | $1047880.00   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Perella Weinberg Partners      | Perella Weinberg Partners           | CUSIP: 71367G102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     40150 | NS      | $855998.00    | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| ESCO Technologies Inc          | ESCO Technologies Inc               | CUSIP: 296315104<br>LEI: 5493007JJLP5MEWVDH10 | Long             | EC               | CORP              | US        |      7850 | NS      | $1657213.50   | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Autoliv Inc                    | Autoliv Inc                         | CUSIP: 052800109<br>LEI: A23RUXWKASG834LTMK28 | Long             | EC               | CORP              | SE        |      6200 | NS      | $765700.00    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Evercore Inc                   | Evercore Inc                        | CUSIP: 29977A105<br>LEI: 529900P6KLPT95DW3W58 | Long             | EC               | CORP              | US        |      2550 | NS      | $860166.00    | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Cogent Communications Holdings | Cogent Communications Holdings Inc  | CUSIP: 19239V302<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     19450 | NS      | $745907.50    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Range Resources Corp           | Range Resources Corp                | CUSIP: 75281A109<br>LEI: H3Y3WLYCX0BTO1TRW162 | Long             | EC               | CORP              | US        |     45650 | NS      | $1718266.00   | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Pinnacle West Capital Corp     | Pinnacle West Capital Corp          | CUSIP: 723484101<br>LEI: TWSEY0NEDUDCKS27AH81 | Long             | EC               | CORP              | US        |     18750 | NS      | $1681125.00   | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Pinnacle Financial Partners In | Pinnacle Financial Partners Inc     | CUSIP: 72346Q104<br>LEI: 54930098EZ8JMSAZGS24 | Long             | EC               | CORP              | US        |     12200 | NS      | $1144238.00   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Schneider National Inc         | Schneider National Inc              | CUSIP: 80689H102<br>LEI: 529900V6GZ6G6E3BLV72 | Long             | EC               | CORP              | US        |     38200 | NS      | $808312.00    | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Solaris Energy Infrastructure  | Solaris Energy Infrastructure Inc   | CUSIP: 83418M103<br>LEI: 529900MTK3C8Y8TIIC10 | Long             | EC               | CORP              | US        |     36350 | NS      | $1452909.50   | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Glacier Bancorp Inc            | Glacier Bancorp Inc                 | CUSIP: 37637Q105<br>LEI: 549300SMJAUKZB5D7V74 | Long             | EC               | CORP              | US        |     26500 | NS      | $1289755.00   | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| NOV Inc                        | NOV Inc                             | CUSIP: 62955J103<br>LEI: 549300EHF3IW1AR6U008 | Long             | EC               | CORP              | US        |     81350 | NS      | $1077887.50   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Hexcel Corp                    | Hexcel Corp                         | CUSIP: 428291108<br>LEI: S6Q7LW43WUBUHXY2QP69 | Long             | EC               | CORP              | US        |     25500 | NS      | $1598850.00   | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Wintrust Financial Corp        | Wintrust Financial Corp             | CUSIP: 97650W108<br>LEI: Q774KI4AW80FHFW33O61 | Long             | EC               | CORP              | US        |      9850 | NS      | $1304534.00   | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| WESCO International Inc        | WESCO International Inc             | CUSIP: 95082P105<br>LEI: 529900TXOGREY3WNJ434 | Long             | EC               | CORP              | US        |      5350 | NS      | $1131525.00   | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Vontier Corp                   | Vontier Corp                        | CUSIP: 928881101<br>LEI: 549300VVSQLG4P5K4639 | Long             | EC               | CORP              | US        |     36200 | NS      | $1519314.00   | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Vail Resorts Inc               | Vail Resorts Inc                    | CUSIP: 91879Q109<br>LEI: 529900PSZHRNU9HKH870 | Long             | EC               | CORP              | US        |      5650 | NS      | $845070.50    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Valmont Industries Inc         | Valmont Industries Inc              | CUSIP: 920253101<br>LEI: 5493009ZGZJJ8F77JN08 | Long             | EC               | CORP              | US        |      3250 | NS      | $1260122.50   | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Levi Strauss & Co              | Levi Strauss & Co                   | CUSIP: 52736R102<br>LEI: MB0UERO0RDFKU8258G77 | Long             | EC               | CORP              | US        |     34800 | NS      | $810840.00    | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Cullen/Frost Bankers Inc       | Cullen/Frost Bankers Inc            | CUSIP: 229899109<br>LEI: 529900V2E9G9AY665O34 | Long             | EC               | CORP              | US        |     10500 | NS      | $1331085.00   | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Concentra Group Holdings Paren | Concentra Group Holdings Parent Inc | CUSIP: 20603L102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     34950 | NS      | $731503.50    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Littelfuse Inc                 | Littelfuse Inc                      | CUSIP: 537008104<br>LEI: 549300MY7HLQFYTPCX75 | Long             | EC               | CORP              | US        |      4450 | NS      | $1152594.50   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Herc Holdings Inc              | Herc Holdings Inc                   | CUSIP: 42704L104<br>LEI: 549300TP80QLITMSBP82 | Long             | EC               | CORP              | US        |      9200 | NS      | $1073272.00   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| HB Fuller Co                   | HB Fuller Co                        | CUSIP: 359694106<br>LEI: JSMX3Z5FOYM8V0Q52357 | Long             | EC               | CORP              | US        |     18000 | NS      | $1067040.00   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| IDACORP Inc                    | IDACORP Inc                         | CUSIP: 451107106<br>LEI: N134NUJDWN8UEFA8B673 | Long             | EC               | CORP              | US        |     13950 | NS      | $1843492.50   | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Axis Capital Holdings Ltd      | Axis Capital Holdings Ltd           | CUSIP: 000000000<br>LEI: 635400VD2NQBYAHMEM55 | Long             | EC               | CORP              | BM        |     12050 | NS      | $1154390.00   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| AAON Inc                       | AAON Inc                            | CUSIP: 000360206<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16800 | NS      | $1569792.00   | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Murphy USA Inc                 | Murphy USA Inc                      | CUSIP: 626755102<br>LEI: 549300Y081F8XIKQIO72 | Long             | EC               | CORP              | US        |      2400 | NS      | $931824.00    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Colliers International Group I | Colliers International Group Inc    | CUSIP: 194693107<br>LEI: D3O8K13PHLEXXD1DT480 | Long             | EC               | CORP              | CA        |      6000 | NS      | $937260.00    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| nVent Electric PLC             | nVent Electric PLC                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | GB        |     12900 | NS      | $1272456.00   | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Ralliant Corp                  | Ralliant Corp                       | CUSIP: 750940108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     24650 | NS      | $1077944.50   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| PotlatchDeltic Corp            | PotlatchDeltic Corp                 | CUSIP: 737630103<br>LEI: 54930084YA8UJOTXDM59 | Long             | EC               | CORP              | US        |     23850 | NS      | $971887.50    | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| CubeSmart                      | CubeSmart                           | CUSIP: 229663109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     23950 | NS      | $973807.00    | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Belden Inc                     | Belden Inc                          | CUSIP: 077454106<br>LEI: 68BKYO1JC791TTJHUE82 | Long             | EC               | CORP              | US        |     10650 | NS      | $1280875.50   | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Bruker Corp                    | Bruker Corp                         | CUSIP: 116794108<br>LEI: LEBZ6VLQ6I8XB1NHVY15 | Long             | EC               | CORP              | US        |     46700 | NS      | $1517283.00   | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Helios Technologies Inc        | Helios Technologies Inc             | CUSIP: 42328H109<br>LEI: 5493000BCJSMIDRNTI78 | Long             | EC               | CORP              | US        |     18350 | NS      | $956585.50    | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Prosperity Bancshares Inc      | Prosperity Bancshares Inc           | CUSIP: 743606105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     18600 | NS      | $1234110.00   | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Agree Realty Corp              | Agree Realty Corp                   | CUSIP: 008492100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16650 | NS      | $1182816.00   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| NBT Bancorp Inc                | NBT Bancorp Inc                     | CUSIP: 628778102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     31000 | NS      | $1294560.00   | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| SLM Corp                       | SLM Corp                            | CUSIP: 78442P106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     33800 | NS      | $935584.00    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Materion Corp                  | Materion Corp                       | CUSIP: 576690101<br>LEI: 549300CJ5RI351SUYT02 | Long             | EC               | CORP              | US        |      5950 | NS      | $718819.50    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Matador Resources Co           | Matador Resources Co                | CUSIP: 576485205<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | EC               | CORP              | US        |     32850 | NS      | $1475950.50   | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Academy Sports & Outdoors Inc  | Academy Sports & Outdoors Inc       | CUSIP: 00402L107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     17550 | NS      | $877851.00    | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Simpson Manufacturing Co Inc   | Simpson Manufacturing Co Inc        | CUSIP: 829073105<br>LEI: 529900EJUNNL15LZ8056 | Long             | EC               | CORP              | US        |      5400 | NS      | $904284.00    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| MKS Inc                        | MKS Inc                             | CUSIP: 55306N104<br>LEI: 549300KEQATBHAGVF505 | Long             | EC               | CORP              | US        |      8500 | NS      | $1052045.00   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-25

**Name of Applicant:** Virtus Asset Trust

**Signature:** Amy Hackett

**Name of Signer:** Amy Hackett

**Title:** Vice President and Assistant Treasurer