# EDGAR Filing Document

**Accession Number:** 0002025137
**File Stem:** 0001752724-25-204518
**Filing Date:** 2025-8
**Character Count:** 55733
**Document Hash:** caf2636408f5a15de7a8ce9356ed6bd9
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-204518.hdr.sgml**: 20250826

**ACCESSION NUMBER**: 0001752724-25-204518

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250826

**DATE AS OF CHANGE**: 20250826

**PERIOD START**: 20250630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Virtus Managed Account Completion Shares (MACS) Trust
- **CENTRAL INDEX KEY:** 0002025137

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23968
- **FILM NUMBER:** 251254747

**BUSINESS ADDRESS:**
- **STREET 1:** 101 MUNSON STREET
- **CITY:** GREENFIELD
- **STATE:** MA
- **ZIP:** 01301
- **BUSINESS PHONE:** 860-263-4790

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Virtus Solutions SMA Trust
- **DATE OF NAME CHANGE:** 20240530

## Series and Classes Contracts Data

### Virtus Newfleet High Yield MACS (Series ID: S000086625)

| Class ID   | Class Name                      | Ticker Symbol   |
|:---|:---|:---|
| C000252213 | Virtus Newfleet High Yield MACS | VMAHX           |

## 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 Managed Account Completion Shares (MACS) Trust

- **b. Investment Company Act file number:** 811-23968

- **c. CIK number of Registrant:** 0002025137

- **d. LEI of Registrant:** 254900XYJHIHC7455V12

- **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:** 860-263-4790

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

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

- **b. EDGAR series identifier (if any):** S000086625

- **c. LEI of Series:** 254900FGQQEMGNJ19E23

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

- **a. Date of fiscal year-end:** 2025-06-30

- **b. Date as of which information is reported:** 2025-06-30

**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:** $21980476.02

**Total Liabilities:** $225965.79

**Net Assets:** $21754510.23

**Cash Not Reported:** $207040.15

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** 0.00000000 | **10-Year:** -183.43443890 | **30-Year:** -918.35288890

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

- **3-Month:** -1.25210120 | **1-Year:** -6.35121226 | **5-Year:** -2080.17539200 | **10-Year:** -2172.11108700 | **30-Year:** -1279.35823200

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000252213 | -1.11%               | 2.45%                | 1.72%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-106813.42              | $-258490.70                                |
| Month 2  | $-121742.18              | $505658.68                                 |
| Month 3  | $-27553.52               | $285462.81                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| CLARIOS GLOBAL LP/US FIN | Clarios Global LP / Clarios US Finance Co                                    | CUSIP: 18060TAD7<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |     15000 | PA      | $15596.81     | 0.07%             | 2030-02-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| NGL ENRGY OP/FIN CORP    | NGL Energy Operating LLC / NGL Energy Finance Corp                           | CUSIP: 62922LAD0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     70000 | PA      | $70210.21     | 0.32%             | 2032-02-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| DIRECTV FIN LLC/COINC    | Directv Financing LLC / Directv Financing Co-Obligor Inc                     | CUSIP: 25461LAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    555000 | PA      | $553188.61    | 2.54%             | 2027-08-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| RACKSPACE TECHNOLOGY     | Rackspace Technology Global Inc                                              | CUSIP: 750098AA3<br>LEI: 549300QTYCKLMFSE8I97 | Long             | DBT              | CORP              | US        |    175000 | PA      | $40250.00     | 0.19%             | 2028-12-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| HA SUSTAINABLE INF CAP   | HA Sustainable Infrastructure Capital Inc                                    | CUSIP: 40408AAB7<br>LEI: 254900ZZRL7MWL1X8E92 | Long             | DBT              | CORP              | US        |    210000 | PA      | $213807.98    | 0.98%             | 2035-07-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| GRAHAM PACKAGING/GPC CAP | Graham Packaging Co Inc                                                      | CUSIP: 384701AA6<br>LEI: 549300YS0ZFT826HIK72 | Long             | DBT              | CORP              | US        |    215000 | PA      | $214602.96    | 0.99%             | 2028-08-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| ONT GAMING GTA/OTG CO-IS | Ontario Gaming GTA LP/OTG Co-Issuer Inc                                      | CUSIP: 68306MAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    105000 | PA      | $105349.44    | 0.48%             | 2030-08-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| TELESAT CANADA/TELESAT L | Telesat Canada / Telesat LLC                                                 | CUSIP: 87952VAM8<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |     90000 | PA      | $33310.34     | 0.15%             | 2027-10-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| HERC HOLDINGS INC        | Herc Holdings Inc                                                            | CUSIP: 42704LAG9<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |     40000 | PA      | $41912.05     | 0.19%             | 2033-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS | CHS/Community Health Systems Inc                                             | CUSIP: 12543DBK5<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |    125000 | PA      | $106860.33    | 0.49%             | 2031-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ALLIANCE RES OP/FINANCE  | Alliance Resource Operating Partners LP / Alliance Resource Finance Corp     | CUSIP: 01879NAC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $106287.80    | 0.49%             | 2029-06-15      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| REINSURANCE GRP OF AMER  | Reinsurance Group of America Inc                                             | CUSIP: 759351AT6<br>LEI: LORM1GNEU1DKEW527V90 | Long             | DBT              | CORP              | US        |     70000 | PA      | $69769.22     | 0.32%             | 2055-09-15      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| GLOBAL INFRASTRUCTURE SO | Global Infrastructure Solutions Inc                                          | CUSIP: 37960XAB3<br>LEI: 2549003BGLQITAJ6ZT28 | Long             | DBT              | CORP              | US        |    165000 | PA      | $168170.31    | 0.77%             | 2032-04-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| ICAHN ENTERPRISES/FIN    | Icahn Enterprises LP / Icahn Enterprises Finance Corp                        | CUSIP: 451102BZ9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     25000 | PA      | $24223.28     | 0.11%             | 2027-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP     | OneMain Finance Corp                                                         | CUSIP: 682691AJ9<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |     15000 | PA      | $15282.12     | 0.07%             | 2032-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| OPAL BIDCO               | Opal Bidco SAS                                                               | CUSIP: 68348BAA1<br>LEI: 969500R96XT7XY2UJ564 | Long             | DBT              | CORP              | FR        |     15000 | PA      | $15309.20     | 0.07%             | 2032-03-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| APTIV SWISS HOLDINGS LTD | Aptiv Swiss Holdings Ltd                                                     | CUSIP: 03837AAD2<br>LEI: N/A                  | Long             | DBT              | CORP              | JE        |    295000 | PA      | $297932.32    | 1.37%             | 2054-12-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| MAUSER PACKAGING SOLUT   | Mauser Packaging Solutions Holding Co                                        | CUSIP: 57763RAC1<br>LEI: 549300DNGHXL0OMHW304 | Long             | DBT              | CORP              | US        |    100000 | PA      | $99298.85     | 0.46%             | 2027-04-15      | Fixed         | 9.25%                 | 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        |     78000 | PA      | $79562.83     | 0.37%             | 2029-09-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| FLUTTER TREASURY DAC     | Flutter Treasury DAC                                                         | CUSIP: 344045AB5<br>LEI: 635400JE8VLL9UFVIC38 | Long             | DBT              | CORP              | IE        |     10000 | PA      | $10075.00     | 0.05%             | 2031-06-04      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| CIMPRESS PLC             | Cimpress PLC                                                                 | CUSIP: 17186HAH5<br>LEI: 549300X1IFD75XISOR81 | Long             | DBT              | CORP              | IE        |    150000 | PA      | $143175.36    | 0.66%             | 2032-09-15      | Fixed         | 7.38%                 | 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        |    425000 | PA      | $411741.00    | 1.89%             | 2030-03-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I/HILCORP | Hilcorp Energy I LP / Hilcorp Finance Co                                     | CUSIP: 431318AS3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    110000 | PA      | $110254.87    | 0.51%             | 2028-11-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ACRISURE LLC / FIN INC   | Acrisure LLC / Acrisure Finance Inc                                          | CUSIP: 00489LAH6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     95000 | PA      | $92357.97     | 0.42%             | 2029-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| INTERNATIONAL PETROLEUM  | International Petroleum Corp                                                 | CUSIP: 000000000<br>LEI: 54930025D80LU0SMR645 | Long             | DBT              | CORP              | CA        |    200000 | PA      | $202180.34    | 0.93%             | 2027-02-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| CAPITAL FARM CREDIT ACA  | Capital Farm Credit ACA                                                      | CUSIP: 14019TAA4<br>LEI: 254900S6K5I3OISPS518 | Long             | DBT              | CORP              | US        |    250000 | PA      | $243750.00    | 1.12%             | N/A             | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KRAKEN OIL & GAS PARTNER | Kraken Oil & Gas Partners LLC                                                | CUSIP: 50076PAA6<br>LEI: 549300DR5HSL4YAU3X12 | Long             | DBT              | CORP              | US        |    120000 | PA      | $117891.11    | 0.54%             | 2029-08-15      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| GARDA WORLD SECURITY     | Garda World Security Corp                                                    | CUSIP: 36485MAP4<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | DBT              | CORP              | CA        |    115000 | PA      | $118129.04    | 0.54%             | 2032-11-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| ILLUMINATE BUYER/HLDG    | Illuminate Buyer LLC / Illuminate Holdings IV Inc                            | CUSIP: 45232TAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    185000 | PA      | $185908.35    | 0.85%             | 2028-07-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| MIDCAP FINANCIAL ISSR TR | Midcap Financial Issuer Trust                                                | CUSIP: 59567LAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    195000 | PA      | $193156.99    | 0.89%             | 2028-05-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| QUIKRETE HOLDINGS INC    | Quikrete Holdings Inc                                                        | CUSIP: 74843PAA8<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |    145000 | PA      | $149106.39    | 0.69%             | 2032-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| NABORS INDUSTRIES INC    | Nabors Industries Inc                                                        | CUSIP: 62957HAJ4<br>LEI: 549300VFQWRKICUFNU92 | Long             | DBT              | CORP              | US        |    370000 | PA      | $365374.19    | 1.68%             | 2027-05-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| INEOS QUATTRO FINANCE 2  | INEOS Quattro Finance 2 Plc                                                  | CUSIP: 45674GAB0<br>LEI: 213800V48W4Y5MT5Q131 | Long             | DBT              | CORP              | GB        |    230000 | PA      | $233172.22    | 1.07%             | 2029-03-15      | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| FERRELLGAS LP/FERRELLGAS | Ferrellgas LP / Ferrellgas Finance Corp                                      | CUSIP: 315289AC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    605000 | PA      | $559727.55    | 2.57%             | 2029-04-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| CMG MEDIA CORPORATION    | CMG Media Corp                                                               | CUSIP: 125773AA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    230000 | PA      | $216812.57    | 1.00%             | 2029-06-18      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| BANCO DE CREDITO DEL PER | Banco de Credito del Peru S.A.                                               | CUSIP: 05971V2C8<br>LEI: 549300EQYQ8SCQZ4BY14 | Long             | DBT              | CORP              | PE        |     34000 | PA      | $34000.00     | 0.16%             | 2030-07-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| ASHTON WOODS USA/FINANCE | Ashton Woods USA LLC / Ashton Woods Finance Co                               | CUSIP: 045086AP0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    305000 | PA      | $290038.32    | 1.33%             | 2030-04-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP     | OneMain Finance Corp                                                         | CUSIP: 682691AG5<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    180000 | PA      | $187285.47    | 0.86%             | 2031-11-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| POST HOLDINGS INC        | Post Holdings Inc                                                            | CUSIP: 737446AV6<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |    365000 | PA      | $368327.71    | 1.69%             | 2033-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| CLOUD SOFTWARE GRP INC   | Cloud Software Group Inc                                                     | CUSIP: 18912UAA0<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |    105000 | PA      | $108835.17    | 0.50%             | 2029-09-30      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| QUIKRETE HOLDINGS INC    | Quikrete Holdings Inc                                                        | CUSIP: 74843PAB6<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20636.52     | 0.09%             | 2033-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| AZORRA FINANCE           | Azorra Finance Ltd                                                           | CUSIP: 05480AAB1<br>LEI: 254900MC1HXDAVUUP395 | Long             | DBT              | CORP              | KY        |     55000 | PA      | $56150.73     | 0.26%             | 2031-01-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| NEWELL BRANDS INC        | Newell Brands Inc                                                            | CUSIP: 651229BC9<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |    275000 | PA      | $278692.43    | 1.28%             | 2027-09-15      | Fixed         | 6.38%                 | 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        |    160000 | PA      | $169884.96    | 0.78%             | 2030-04-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| OFFICE CHERIFIEN DES PHO | OCP SA                                                                       | CUSIP: 67091TAB1<br>LEI: 213800D26TAPVTCVWG40 | Long             | DBT              | CORP              | MA        |     63000 | PA      | $60913.13     | 0.28%             | 2044-04-25      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC   | Venture Global LNG Inc                                                       | CUSIP: 92332YAF8<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |    110000 | PA      | $106941.87    | 0.49%             | N/A             | Fixed         | 9.00%                 | 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        |     45000 | PA      | $44680.20     | 0.21%             | 2026-05-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| SOUTH BOW CAN INFRA HOLD | South Bow Canadian Infrastructure Holdings Ltd                               | CUSIP: 836720AF9<br>LEI: 2549004FYUSYLPBT1G26 | Long             | DBT              | CORP              | CA        |     15000 | PA      | $15572.36     | 0.07%             | 2055-03-01      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| ROCKET COS INC           | Rocket Cos Inc                                                               | CUSIP: 77311WAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     40000 | PA      | $40928.02     | 0.19%             | 2033-08-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| GRAY MEDIA INC           | Gray Media Inc                                                               | CUSIP: 389284AA8<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |    145000 | PA      | $144935.07    | 0.67%             | 2027-05-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| GRIFOLS SA               | Grifols SA                                                                   | CUSIP: 39843UAA0<br>LEI: 959800HSSNXWRKBK4N60 | Long             | DBT              | CORP              | ES        |    120000 | PA      | $115359.24    | 0.53%             | 2028-10-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| NATIONSTAR MTG HLD INC   | Nationstar Mortgage Holdings Inc                                             | CUSIP: 63861CAE9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     90000 | PA      | $91403.28     | 0.42%             | 2031-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| LSB INDUSTRIES           | LSB Industries Inc                                                           | CUSIP: 502160AN4<br>LEI: 5493001H215A0HG0MI71 | Long             | DBT              | CORP              | US        |    215000 | PA      | $213433.68    | 0.98%             | 2028-10-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| TRANSOCEAN INC           | Transocean Inc                                                               | CUSIP: 893830BX6<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | KY        |     76000 | PA      | $78154.14     | 0.36%             | 2030-02-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS | CHS/Community Health Systems Inc                                             | CUSIP: 12543DBM1<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |    620000 | PA      | $549783.45    | 2.53%             | 2030-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BUCKEYE PARTNERS LP      | Buckeye Partners LP                                                          | CUSIP: 118230AW1<br>LEI: 549300C1PQJLVEIUBK50 | Long             | DBT              | CORP              | US        |    215000 | PA      | $223177.94    | 1.03%             | 2030-02-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUE    | Venture Global Plaquemines LNG LLC                                           | CUSIP: 922966AA4<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |      5000 | PA      | $5354.12      | 0.02%             | 2033-05-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| BANCO DE CREDITO DEL PER | Banco de Credito del Peru S.A.                                               | CUSIP: 05971U2C0<br>LEI: 549300EQYQ8SCQZ4BY14 | Long             | DBT              | CORP              | PE        |    430000 | PA      | $430000.00    | 1.98%             | 2030-07-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| AES CORP/THE             | AES Corp/The                                                                 | CUSIP: 00130HCK9<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | DBT              | CORP              | US        |    410000 | PA      | $422135.95    | 1.94%             | 2055-01-15      | Fixed         | 7.60%                 | No            |                  2 | On Loan: No      |
| MESQUITE ENERGY INC      | MESQUITE ENERGY INC                                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    120000 | PA      | $1200.00      | 0.01%             | 2023-02-15      | None          | 7.25%                 | No            |                  2 | On Loan: No      |
| TEXAS CAPITAL BANCSHARES | Texas Capital Bancshares Inc                                                 | CUSIP: 88224QAA5<br>LEI: 549300466Q2SXRX0YM48 | Long             | DBT              | CORP              | US        |    960000 | PA      | $931776.39    | 4.28%             | 2031-05-06      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MOLINA HEALTHCARE INC    | Molina Healthcare Inc                                                        | CUSIP: 60855RAM2<br>LEI: 549300NQQCEQ46YHZ591 | Long             | DBT              | CORP              | US        |    180000 | PA      | $183221.75    | 0.84%             | 2033-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| MERLIN ENTERTAINMENTS GR | Merlin Entertainments Group US Holdings Inc                                  | CUSIP: 59010UAA5<br>LEI: 549300HBQPPKS1187K54 | Long             | DBT              | CORP              | US        |    175000 | PA      | $156382.49    | 0.72%             | 2031-02-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| BBVA BANCOMER SA TEXAS   | BBVA Mexico SA Institucion De Banca Multiple Grupo Financiero BBVA Mexico/TX | CUSIP: 05533UAF5<br>LEI: 549300WIWQK5Q9MCUN92 | Long             | DBT              | CORP              | MX        |    220000 | PA      | $211613.60    | 0.97%             | 2033-01-18      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| CAPSTONE COPPER CORP     | Capstone Copper Corp                                                         | CUSIP: 14071LAA6<br>LEI: 549300III6KGKKC42W63 | Long             | DBT              | CORP              | CA        |    125000 | PA      | $127994.88    | 0.59%             | 2033-03-31      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ALTICE FINANCING SA      | Altice Financing SA                                                          | CUSIP: 02154CAF0<br>LEI: 549300DIYGW8HVDF7Q17 | Long             | DBT              | CORP              | LU        |    240000 | PA      | $180550.51    | 0.83%             | 2028-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS | Univision Communications Inc                                                 | CUSIP: 914906AU6<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |    290000 | PA      | $289208.88    | 1.33%             | 2027-06-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| OFFICE CHERIFIEN DES PHO | OCP SA                                                                       | CUSIP: 67091TAD7<br>LEI: 213800D26TAPVTCVWG40 | Long             | DBT              | CORP              | MA        |     15000 | PA      | $13455.00     | 0.06%             | 2031-06-23      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| BANCO MERCANTIL DE NORTE | Banco Mercantil del Norte SA/Grand Cayman                                    | CUSIP: 05973KAB3<br>LEI: 549300QTVYRPFHS0J362 | Long             | DBT              | CORP              | MX        |    267000 | PA      | $245907.00    | 1.13%             | N/A             | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS              | BNP Paribas SA                                                               | CUSIP: 05602XQQ4<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |    215000 | PA      | $216290.00    | 0.99%             | N/A             | Fixed         | 7.45%                 | No            |                  2 | On Loan: No      |
| GLOBAL ATLANTIC FIN CO   | Global Atlantic Fin Co                                                       | CUSIP: 37959GAG2<br>LEI: 98450051B2E65CAA7E94 | Long             | DBT              | CORP              | US        |    205000 | PA      | $213420.99    | 0.98%             | 2054-10-15      | Fixed         | 7.95%                 | No            |                  2 | On Loan: No      |
| SAMARCO MINERACAO SA     | Samarco Mineracao SA                                                         | CUSIP: 79588YAA7<br>LEI: 529900U8HKV15GJC4O60 | Long             | DBT              | CORP              | BR        |     37638 | PA      | $36908.76     | 0.17%             | 2031-06-30      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| QXO BUILDING PRODUCTS    | QXO Building Products Inc                                                    | CUSIP: 74825NAA5<br>LEI: 549300HDXQWWCBOYXP31 | Long             | DBT              | CORP              | US        |      5000 | PA      | $5151.01      | 0.02%             | 2032-04-30      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| UNIFRAX ESCROW ISS CORP  | ASP Unifrax Holdings Inc                                                     | CUSIP: 90473LAA0<br>LEI: 549300RRU6BWJLD0YT71 | Long             | DBT              | CORP              | US        |    230000 | PA      | $86537.50     | 0.40%             | 2028-09-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| HARBOUR ENERGY PLC       | Harbour Energy PLC                                                           | CUSIP: 411618AD3<br>LEI: 213800YPC42DYBKVPF97 | Long             | DBT              | CORP              | GB        |    135000 | PA      | $134206.92    | 0.62%             | 2035-04-01      | Fixed         | 6.33%                 | No            |                  2 | On Loan: No      |
| PRIMO / TRITON WATER HLD | Primo Water Holdings Inc / Triton Water Holdings Inc                         | CUSIP: 74168RAC7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    115000 | PA      | $115801.61    | 0.53%             | 2029-04-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| BLOCK INC                | Block Inc                                                                    | CUSIP: 852234AS2<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |    335000 | PA      | $345627.21    | 1.59%             | 2032-05-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| INSIGHT ENTERPRS         | Insight Enterprises Inc                                                      | CUSIP: 45765UAC7<br>LEI: 529900S8991TYW6YP792 | Long             | DBT              | CORP              | US        |     35000 | PA      | $36054.76     | 0.17%             | 2032-05-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| CORNERSTONE BUILDING     | Cornerstone Building Brands Inc                                              | CUSIP: 21925DAB5<br>LEI: 549300IW41QEWQ6T0H29 | Long             | DBT              | CORP              | US        |    175000 | PA      | $160881.19    | 0.74%             | 2029-08-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| LIBERTY MUTUAL GROUP INC | Liberty Mutual Group Inc                                                     | CUSIP: 53079EBM5<br>LEI: QUR0DG15Z6FFGYCHH861 | Long             | DBT              | CORP              | US        |    395000 | PA      | $384650.49    | 1.77%             | 2051-12-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| NGL ENRGY OP/FIN CORP    | NGL Energy Operating LLC / NGL Energy Finance Corp                           | CUSIP: 62922LAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     95000 | PA      | $95978.60     | 0.44%             | 2029-02-15      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| NEWELL BRANDS INC        | Newell Brands Inc                                                            | CUSIP: 651229BD7<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |     89000 | PA      | $88098.28     | 0.40%             | 2029-09-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| FORTRESS TRANS & INFRAST | Fortress Transportation and Infrastructure Investors LLC                     | CUSIP: 34960PAG6<br>LEI: 529900E7PUVK6BC8PE80 | Long             | DBT              | CORP              | US        |    225000 | PA      | $232318.80    | 1.07%             | 2032-06-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CONSTELLATION OIL SA     | Constellation Oil Services Holding SA                                        | CUSIP: 650921AA7<br>LEI: 5493005YJTU769NW5I10 | Long             | DBT              | CORP              | LU        |     34000 | PA      | $34546.13     | 0.16%             | 2029-11-07      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC            | TransDigm Inc                                                                | CUSIP: 893647BS5<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    195000 | PA      | $202329.61    | 0.93%             | 2030-12-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| FERRELLGAS LP/FERRELLGAS | Ferrellgas LP / Ferrellgas Finance Corp                                      | CUSIP: 315289AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     45000 | PA      | $44572.79     | 0.20%             | 2026-04-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP       | Energy Transfer LP                                                           | CUSIP: 29273VAX8<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10638.84     | 0.05%             | 2054-05-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| DICK'S SPORTING GOODS    | Dick's Sporting Goods Inc                                                    | CUSIP: 253393AG7<br>LEI: 529900SSBV5I4LWSK313 | Long             | DBT              | CORP              | US        |    170000 | PA      | $121476.28    | 0.56%             | 2052-01-15      | Fixed         | 4.10%                 | 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        |    115000 | PA      | $111386.80    | 0.51%             | 2028-09-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| CHEPLAPHARM ARZNEIMITTEL | Cheplapharm Arzneimittel GmbH                                                | CUSIP: 16412EAA5<br>LEI: 529900ONXKBELT7EW052 | Long             | DBT              | CORP              | DE        |    145000 | PA      | $140146.27    | 0.64%             | 2028-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| KRONOS ACQUISITION HOLDI | Kronos Acquisition Holdings Inc                                              | CUSIP: 50106GAG7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    675000 | PA      | $612955.62    | 2.82%             | 2031-06-30      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| HELIX ENERGY SOLUTIONS   | Helix Energy Solutions Group Inc                                             | CUSIP: 42330PAL1<br>LEI: 416AP2JOUTCWEGSOZW41 | Long             | DBT              | CORP              | US        |    125000 | PA      | $132235.85    | 0.61%             | 2029-03-01      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| SOUTH BOW CAN INFRA HOLD | South Bow Canadian Infrastructure Holdings Ltd                               | CUSIP: 836720AH5<br>LEI: 2549004FYUSYLPBT1G26 | Long             | DBT              | CORP              | CA        |    200000 | PA      | $206349.40    | 0.95%             | 2055-03-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| ENDO FINANCE HOLDINGS    | Endo Finance Holdings Inc                                                    | CUSIP: 29281RAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     90000 | PA      | $95270.22     | 0.44%             | 2031-04-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| MILLENNIUM ESCROW CORP   | Millennium Escrow Corp                                                       | CUSIP: 60041CAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    160000 | PA      | $131390.04    | 0.60%             | 2026-08-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| ICAHN ENTERPRISES/FIN    | Icahn Enterprises LP / Icahn Enterprises Finance Corp                        | CUSIP: 451102CK1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     40000 | PA      | $39600.96     | 0.18%             | 2029-11-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| MELCO RESORTS FINANCE    | Melco Resorts Finance Ltd                                                    | CUSIP: 58547DAD1<br>LEI: 5493000FQDBWKDBZEF60 | Long             | DBT              | CORP              | KY        |    166000 | PA      | $155736.22    | 0.72%             | 2029-12-04      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| SAKS GLOBAL ENTERPRISES  | Saks Global Enterprises LLC                                                  | CUSIP: 79380MAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    155000 | PA      | $58125.00     | 0.27%             | 2029-12-15      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP          | CVS Health Corp                                                              | CUSIP: 126650EG1<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    113000 | PA      | $113246.07    | 0.52%             | 2054-12-10      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC         | CSC Holdings LLC                                                             | CUSIP: 126307BN6<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    510000 | PA      | $485089.46    | 2.23%             | 2029-01-31      | Fixed         | 11.75%                | No            |                  2 | On Loan: No      |
| ACRISURE LLC / FIN INC   | Acrisure LLC / Acrisure Finance Inc                                          | CUSIP: 00489LAK9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     60000 | PA      | $62090.84     | 0.29%             | 2029-02-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP       | Energy Transfer LP                                                           | CUSIP: 29273VAM2<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    230000 | PA      | $234292.72    | 1.08%             | N/A             | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| TEINE ENERGY LTD         | Teine Energy Ltd                                                             | CUSIP: 879068AB0<br>LEI: 894500JBC83AX7PYEU16 | Long             | DBT              | CORP              | CA        |    115000 | PA      | $114366.74    | 0.53%             | 2029-04-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC | Ford Motor Credit Co LLC                                                     | CUSIP: 345397G56<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    120000 | PA      | $119834.00    | 0.55%             | 2035-02-07      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| IQVIA INC                | IQVIA Inc                                                                    | CUSIP: 46266TAG3<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |     35000 | PA      | $35917.64     | 0.17%             | 2032-06-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ASCENT RESOURCES/ARU FIN | Ascent Resources Utica Holdings LLC / ARU Finance Corp                       | CUSIP: 04364VBA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     35000 | PA      | $35507.41     | 0.16%             | 2033-07-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| SINCLAIR TELEVISION GROU | Sinclair Television Group Inc                                                | CUSIP: 829259BH2<br>LEI: 549300CQGEN0CH65UD62 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20204.33     | 0.09%             | 2033-02-15      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| BUILDERS FIRSTSOURCE INC | Builders FirstSource Inc                                                     | CUSIP: 12008RAS6<br>LEI: 549300W0SKP6L3H7DP63 | Long             | DBT              | CORP              | US        |    410000 | PA      | $417819.93    | 1.92%             | 2034-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| TRANSOCEAN INC           | Transocean Inc                                                               | CUSIP: 893830BZ1<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | KY        |     90000 | PA      | $80338.34     | 0.37%             | 2031-05-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| HERBALIFE/HLF FINANCING  | Herbalife Nutrition Ltd / HLF Financing Inc                                  | CUSIP: 42704MAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |    102000 | PA      | $102031.31    | 0.47%             | 2025-09-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| ECOPETROL SA             | Ecopetrol SA                                                                 | CUSIP: 279158AP4<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |     26000 | PA      | $21879.00     | 0.10%             | 2031-11-02      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| LIGHTNING POWER LLC      | Lightning Power LLC                                                          | CUSIP: 53229KAA7<br>LEI: 254900BWCHJ03XRL8K59 | Long             | DBT              | CORP              | US        |     30000 | PA      | $31573.52     | 0.15%             | 2032-08-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| VISTRA CORP              | Vistra Corp                                                                  | CUSIP: 92840MAB8<br>LEI: 549300KP43CPCUJOOG15 | Long             | DBT              | CORP              | US        |    390000 | PA      | $399456.72    | 1.84%             | N/A             | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| DIRECTV FINANCING LLC    | Directv Financing LLC                                                        | CUSIP: 25461LAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     95000 | PA      | $93156.03     | 0.43%             | 2030-02-01      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| AMERICAN ELECTRIC POWER  | American Electric Power Co Inc                                               | CUSIP: 025537BA8<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | DBT              | CORP              | US        |    220000 | PA      | $229380.13    | 1.05%             | 2054-12-15      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| TRIVIUM PACKAGING FIN    | Trivium Packaging Finance BV                                                 | CUSIP: 89686QAD8<br>LEI: 724500GMZWW3PVYET548 | Long             | DBT              | CORP              | NL        |     55000 | PA      | $58161.79     | 0.27%             | 2030-07-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| CORONADO FINANCE PTY LTD | Coronado Finance Pty Ltd                                                     | CUSIP: 21979LAB2<br>LEI: 549300NS5FS0W548RE27 | Long             | DBT              | CORP              | AU        |     95000 | PA      | $70836.80     | 0.33%             | 2029-10-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| HUGHES SATELLITE SYSTEMS | Hughes Satellite Systems Corp                                                | CUSIP: 444454AF9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $71206.30     | 0.33%             | 2026-08-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP       | Energy Transfer LP                                                           | CUSIP: 29273VAN0<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    410000 | PA      | $411831.85    | 1.89%             | N/A             | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| BANC CREDITO INVERSIONES | Banco de Credito e Inversiones SA                                            | CUSIP: 05890MAC7<br>LEI: 549300E9E5Y3PKW24142 | Long             | DBT              | CORP              | CL        |    217000 | PA      | $229082.56    | 1.05%             | N/A             | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC   | Venture Global LNG Inc                                                       | CUSIP: 92332YAD3<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |    115000 | PA      | $124195.75    | 0.57%             | 2032-02-01      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| LIFEPOINT HEALTH INC     | LifePoint Health Inc                                                         | CUSIP: 53219LAV1<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | DBT              | CORP              | US        |     95000 | PA      | $102762.17    | 0.47%             | 2030-08-15      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| INTEL CORP               | Intel Corp                                                                   | CUSIP: 458140BK5<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |    210000 | PA      | $117413.92    | 0.54%             | 2060-02-15      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| OFFICE PPTY INCOME TRST  | Office Properties Income Trust                                               | CUSIP: 67623CAJ8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    259000 | PA      | $186848.84    | 0.86%             | 2029-09-30      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| PETSMART INC/PETSMART FI | PetSmart Inc / PetSmart Finance Corp                                         | CUSIP: 71677KAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    450000 | PA      | $437283.95    | 2.01%             | 2029-02-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC            | Citigroup Inc                                                                | CUSIP: 172967MV0<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    410000 | PA      | $404355.42    | 1.86%             | N/A             | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| ECOPETROL SA             | Ecopetrol SA                                                                 | CUSIP: 279158AS8<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |     22000 | PA      | $22660.00     | 0.10%             | 2033-01-13      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| KIMMERIDGE TEXAS GAS LLC | Kimmeridge Texas Gas LLC                                                     | CUSIP: 49446BAA2<br>LEI: 254900LM244SIFQ1QY31 | Long             | DBT              | CORP              | US        |     80000 | PA      | $82795.36     | 0.38%             | 2030-02-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| WINDSOR HOLDINGS III LLC | Windsor Holdings III LLC                                                     | CUSIP: 97360AAA5<br>LEI: 254900IXUJZ9H146T437 | Long             | DBT              | CORP              | US        |    190000 | PA      | $203609.20    | 0.94%             | 2030-06-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-25

**Name of Applicant:** Virtus Managed Account Completion Shares (MACS) Trust

**Signature:** Amy Hackett

**Name of Signer:** Amy Hackett

**Title:** Vice President and Assistant Treasurer