# EDGAR Filing Document

**Accession Number:** 0001214935
**File Stem:** 0001752724-25-155247
**Filing Date:** 2025-6
**Character Count:** 125799
**Document Hash:** 359a5eb3e1adeeab70caeb27ced176b4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-155247.hdr.sgml**: 20250625

**ACCESSION NUMBER**: 0001752724-25-155247

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250625

**DATE AS OF CHANGE**: 20250625

**PERIOD START**: 20260131

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Virtus Convertible & Income Fund
- **CENTRAL INDEX KEY:** 0001214935

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0131

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21284
- **FILM NUMBER:** 251072245

**BUSINESS ADDRESS:**
- **STREET 1:** 101 MUNSON STREET
- **CITY:** GREENFIELD
- **STATE:** MA
- **ZIP:** 01301
- **BUSINESS PHONE:** (866) 270-7598

**MAIL ADDRESS:**
- **STREET 1:** 101 MUNSON STREET
- **CITY:** GREENFIELD
- **STATE:** MA
- **ZIP:** 01301

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Virtus AllianzGI Convertible & Income Fund
- **DATE OF NAME CHANGE:** 20210210

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AllianzGI Convertible & Income Fund
- **DATE OF NAME CHANGE:** 20130502

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AGIC Convertible & Income Fund
- **DATE OF NAME CHANGE:** 20100825

## Nport-Ex

#### VIRTUS Convertible & Income Fund

#### SCHEDULE OF INVESTMENTS (Unaudited)

#### April 30, 2025
($ reported in thousands)

---

| | | |
|:---|:---|:---|
|  | **Par Value** | **Value** |
| **Convertible Bonds and Notes—78.5%** | **Convertible Bonds and Notes—78.5%** | **Convertible Bonds and Notes—78.5%** |
| **Aerospace & Defense—0.2%** | **Aerospace & Defense—0.2%** |  |
| Rocket Lab USA, Inc. 144A<br> 4.250%, 2/1/29<sup>(1)</sup> | $180 | $784 |
| **Auto Manufacturers—1.6%** | **Auto Manufacturers—1.6%** |  |
| Rivian Automotive, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.625%, 3/15/29 | &nbsp;&nbsp; 2570 | &nbsp;&nbsp; 2623 |
| &nbsp;&nbsp;&nbsp;3.625%, 10/15/30 | &nbsp;&nbsp; 2795 | &nbsp;&nbsp; 2532 |
|  |  | &nbsp;&nbsp; 5155 |
| **Biotechnology—5.2%** | **Biotechnology—5.2%** |  |
| Alnylam Pharmaceuticals, Inc.<br> 1.000%, 9/15/27 | &nbsp;&nbsp; 3225 | &nbsp;&nbsp; 3697 |
| Bridgebio Pharma, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;2.500%, 3/15/27 | &nbsp;&nbsp; 1795 | &nbsp;&nbsp; 2143 |
| &nbsp;&nbsp;&nbsp;144A 1.750%, 3/1/31<sup>(1)</sup> | &nbsp;&nbsp; 870 | &nbsp;&nbsp; 950 |
| Guardant Health, Inc.<br> 1.250%, 2/15/31<sup>(2)</sup> | &nbsp;&nbsp; 1730 | &nbsp;&nbsp; 1857 |
| Halozyme Therapeutics, Inc.<br> 0.250%, 3/1/27 | &nbsp;&nbsp; 4455 | &nbsp;&nbsp; 4647 |
| Insmed, Inc.<br> 0.750%, 6/1/28 | &nbsp;&nbsp; 700 | &nbsp;&nbsp; 1576 |
| Travere Therapeutics, Inc.<br> 2.250%, 3/1/29 | &nbsp;&nbsp; 1895 | &nbsp;&nbsp; 1913 |
|  |  | &nbsp;&nbsp; 16783 |
| **Commercial Services—3.3%** | **Commercial Services—3.3%** |  |
| Affirm Holdings, Inc. 144A<br> 0.750%, 12/15/29<sup>(1)</sup> | &nbsp;&nbsp; 1490 | &nbsp;&nbsp; 1340 |
| Block, Inc.<br> 0.000%, 5/1/26<sup>(3)</sup> | &nbsp;&nbsp; 4260 | &nbsp;&nbsp; 4039 |
| Shift4 Payments, Inc.<br> 0.500%, 8/1/27 | &nbsp;&nbsp; 3905 | &nbsp;&nbsp; 3952 |
| Stride, Inc.<br> 1.125%, 9/1/27 | &nbsp;&nbsp; 545 | &nbsp;&nbsp; 1488 |
|  |  | &nbsp;&nbsp; 10819 |
| **Computers—6.2%** | **Computers—6.2%** |  |
| Lumentum Holdings, Inc.<br> 0.500%, 12/15/26 | &nbsp;&nbsp; 5895 | &nbsp;&nbsp; 6073 |
| PAR Technology Corp.<br> 1.500%, 10/15/27 | &nbsp;&nbsp; 2690 | &nbsp;&nbsp; 2831 |
| Parsons Corp.<br> 2.625%, 3/1/29 | &nbsp;&nbsp; 1200 | &nbsp;&nbsp; 1265 |
| Seagate HDD Cayman<br> 3.500%, 6/1/28 | &nbsp;&nbsp; 2520 | &nbsp;&nbsp; 3188 |
| Super Micro Computer, Inc.<br> 3.500%, 3/1/29 | &nbsp;&nbsp; 1630 | &nbsp;&nbsp; 1502 |
| Western Digital Corp.<br> 3.000%, 11/15/28 | &nbsp;&nbsp; 1805 | &nbsp;&nbsp; 2449 |
| Zscaler, Inc.<br> 0.125%, 7/1/25 | &nbsp;&nbsp; 1755 | &nbsp;&nbsp; 2633 |
|  |  | &nbsp;&nbsp; 19941 |
| **Diversified REITS—1.4%** | **Diversified REITS—1.4%** |  |
| Digital Realty Trust LP 144A<br> 1.875%, 11/15/29<sup>(1)(2)</sup> | &nbsp;&nbsp; 4225 | &nbsp;&nbsp; 4390 |

---

---

| | | |
|:---|:---|:---|
|  | **Par Value** | **Value** |
| **Electric Utilities—5.6%** | **Electric Utilities—5.6%** |  |
| NextEra Energy Capital Holdings, Inc.<br> 3.000%, 3/1/27 | $4290 | $4798 |
| PG&E Corp.<br> 4.250%, 12/1/27 | &nbsp;&nbsp; 4185 | &nbsp;&nbsp; 4348 |
| Southern Co. (The)<br> 3.875%, 12/15/25 | &nbsp;&nbsp; 5490 | &nbsp;&nbsp; 6160 |
| TXNM Energy, Inc. 144A<br> 5.750%, 6/1/54<sup>(1)</sup> | &nbsp;&nbsp; 2215 | &nbsp;&nbsp; 2755 |
|  |  | &nbsp;&nbsp; 18061 |
| **Electronics—2.1%** | **Electronics—2.1%** |  |
| Advanced Energy Industries, Inc.<br> 2.500%, 9/15/28 | &nbsp;&nbsp; 2170 | &nbsp;&nbsp; 2278 |
| Itron, Inc. 144A<br> 1.375%, 7/15/30<sup>(1)</sup> | &nbsp;&nbsp; 1535 | &nbsp;&nbsp; 1673 |
| OSI Systems, Inc. 144A<br> 2.250%, 8/1/29<sup>(1)(2)</sup> | &nbsp;&nbsp; 2285 | &nbsp;&nbsp; 2902 |
|  |  | &nbsp;&nbsp; 6853 |
| **Engineering & Construction—0.8%** | **Engineering & Construction—0.8%** |  |
| Granite Construction, Inc. 144A<br> 3.250%, 6/15/30<sup>(1)</sup> | &nbsp;&nbsp; 2140 | &nbsp;&nbsp; 2695 |
| **Entertainment—4.6%** | **Entertainment—4.6%** |  |
| DraftKings Holdings, Inc.<br> 0.000%, 3/15/28<sup>(3)</sup> | &nbsp;&nbsp; 5285 | &nbsp;&nbsp; 4637 |
| IMAX Corp.<br> 0.500%, 4/1/26 | &nbsp;&nbsp; 2315 | &nbsp;&nbsp; 2460 |
| Live Nation Entertainment, Inc. 144A<br> 2.875%, 1/15/30<sup>(1)</sup> | &nbsp;&nbsp; 7600 | &nbsp;&nbsp; 7858 |
|  |  | &nbsp;&nbsp; 14955 |
| **Financial Services—3.8%** | **Financial Services—3.8%** |  |
| Coinbase Global, Inc.<br> 0.500%, 6/1/26 | &nbsp;&nbsp; 4850 | &nbsp;&nbsp; 4857 |
| Galaxy Digital Holdings LP 144A<br> 2.500%, 12/1/29<sup>(1)</sup> | &nbsp;&nbsp; 2675 | &nbsp;&nbsp; 2589 |
| SoFi Technologies, Inc. 144A<br> 0.000%, 10/15/26<sup>(1)(2)</sup> | &nbsp;&nbsp; 3710 | &nbsp;&nbsp; 3723 |
| Upstart Holdings, Inc. 144A<br> 1.000%, 11/15/30<sup>(1)</sup> | &nbsp;&nbsp; 1535 | &nbsp;&nbsp; 1286 |
|  |  | &nbsp;&nbsp; 12455 |
| **Health Care REITs—3.0%** | **Health Care REITs—3.0%** |  |
| Welltower OP LLC 144A<br> 3.125%, 7/15/29<sup>(1)</sup> | &nbsp;&nbsp; 7220 | &nbsp;&nbsp; 9617 |
| **Healthcare-Products—4.0%** | **Healthcare-Products—4.0%** |  |
| Alphatec Holdings, Inc. 144A<br> 0.750%, 3/15/30<sup>(1)</sup> | &nbsp;&nbsp; 2360 | &nbsp;&nbsp; 2327 |
| Envista Holdings Corp.<br> 2.375%, 6/1/25 | &nbsp;&nbsp; 1640 | &nbsp;&nbsp; 1630 |
| Exact Sciences Corp. 144A<br> 1.750%, 4/15/31<sup>(1)</sup> | &nbsp;&nbsp; 2415 | &nbsp;&nbsp; 2100 |
| Insulet Corp.<br> 0.375%, 9/1/26 | &nbsp;&nbsp; 1770 | &nbsp;&nbsp; 2189 |
| iRhythm Technologies, Inc.<br> 1.500%, 9/1/29 | &nbsp;&nbsp; 1750 | &nbsp;&nbsp; 1823 |

---

See Notes to Schedule of Investments

------

#### VIRTUS Convertible & Income Fund

#### SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

#### April 30, 2025
($ reported in thousands)

---

| | | |
|:---|:---|:---|
|  | **Par Value** | **Value** |
| **Healthcare-Products—continued** | **Healthcare-Products—continued** |  |
| Merit Medical Systems, Inc. 144A<br> 3.000%, 2/1/29<sup>(1)</sup> | $1200 | $1528 |
| Repligen Corp.<br> 1.000%, 12/15/28<sup>(2)</sup> | &nbsp;&nbsp; 1365 | &nbsp;&nbsp; 1393 |
|  |  | &nbsp;&nbsp; 12990 |
| **Industrial REITs—1.2%** | **Industrial REITs—1.2%** |  |
| Rexford Industrial Realty LP 144A<br> 4.375%, 3/15/27<sup>(1)</sup> | &nbsp;&nbsp; 3965 | &nbsp;&nbsp; 3914 |
| **Internet—7.9%** | **Internet—7.9%** |  |
| Alibaba Group Holding Ltd. 144A<br> 0.500%, 6/1/31<sup>(1)</sup> | &nbsp;&nbsp; 525 | &nbsp;&nbsp; 690 |
| Expedia Group, Inc.<br> 0.000%, 2/15/26 | &nbsp;&nbsp; 1875 | &nbsp;&nbsp; 1829 |
| Magnite, Inc.<br> 0.250%, 3/15/26 | &nbsp;&nbsp; 1735 | &nbsp;&nbsp; 1655 |
| Palo Alto Networks, Inc.<br> 0.375%, 6/1/25 | &nbsp;&nbsp; 535 | &nbsp;&nbsp; 1998 |
| Sea Ltd.<br> 2.375%, 12/1/25 | &nbsp;&nbsp; 1105 | &nbsp;&nbsp; 1673 |
| Shopify, Inc.<br> 0.125%, 11/1/25 | &nbsp;&nbsp; 3175 | &nbsp;&nbsp; 3162 |
| Snap, Inc.<br> 0.750%, 8/1/26<sup>(2)</sup> | &nbsp;&nbsp; 1730 | &nbsp;&nbsp; 1657 |
| Spotify USA, Inc.<br> 0.000%, 3/15/26 | &nbsp;&nbsp; 1210 | &nbsp;&nbsp; 1558 |
| Trip.com Group Ltd. 144A<br> 0.750%, 6/15/29<sup>(1)</sup> | &nbsp;&nbsp; 1970 | &nbsp;&nbsp; 2222 |
| Uber Technologies, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;0.000%, 12/15/25 | &nbsp;&nbsp; 5130 | &nbsp;&nbsp; 5740 |
| &nbsp;&nbsp;&nbsp;0.875%, 12/1/28 | &nbsp;&nbsp; 670 | &nbsp;&nbsp; 878 |
| Wayfair, Inc.<br> 3.250%, 9/15/27 | &nbsp;&nbsp; 1755 | &nbsp;&nbsp; 1631 |
| Zillow Group, Inc.<br> 2.750%, 5/15/25 | &nbsp;&nbsp; 740 | &nbsp;&nbsp; 744 |
|  |  | &nbsp;&nbsp; 25437 |
| **Investment Companies—0.2%** | **Investment Companies—0.2%** |  |
| IREN Ltd. 144A<br> 3.250%, 6/15/30<sup>(1)</sup> | &nbsp;&nbsp; 1050 | &nbsp;&nbsp; 761 |
| **Iron & Steel—0.5%** | **Iron & Steel—0.5%** |  |
| United States Steel Corp.<br> 5.000%, 11/1/26 | &nbsp;&nbsp; 495 | &nbsp;&nbsp; 1617 |
| **Leisure Time—1.3%** | **Leisure Time—1.3%** |  |
| NCL Corp., Ltd.<br> 1.125%, 2/15/27 | &nbsp;&nbsp; 3410 | &nbsp;&nbsp; 3222 |
| Royal Caribbean Cruises Ltd.<br> 6.000%, 8/15/25 | &nbsp;&nbsp; 255 | &nbsp;&nbsp; 1100 |
|  |  | &nbsp;&nbsp; 4322 |
| **Machinery-Construction & Mining—0.5%** | **Machinery-Construction & Mining—0.5%** |  |
| Bloom Energy Corp. 144A<br> 3.000%, 6/1/29<sup>(1)</sup> | &nbsp;&nbsp; 1465 | &nbsp;&nbsp; 1749 |

---

---

| | | |
|:---|:---|:---|
|  | **Par Value** | **Value** |
| **Media—2.3%** | **Media—2.3%** |  |
| Liberty Broadband Corp. 144A<br> 3.125%, 3/31/53<sup>(1)(2)</sup> | $5795 | $5856 |
| Liberty Media Corp.-Liberty Formula One<br> 2.250%, 8/15/27 | &nbsp;&nbsp; 1335 | &nbsp;&nbsp; 1621 |
|  |  | &nbsp;&nbsp; 7477 |
| **Metal Fabricate/Hardware—0.9%** | **Metal Fabricate/Hardware—0.9%** |  |
| Xometry, Inc.<br> 1.000%, 2/1/27 | &nbsp;&nbsp; 2925 | &nbsp;&nbsp; 2799 |
| **Mining—0.4%** | **Mining—0.4%** |  |
| MP Materials Corp. 144A<br> 3.000%, 3/1/30<sup>(1)</sup> | &nbsp;&nbsp; 1035 | &nbsp;&nbsp; 1440 |
| **Miscellaneous Manufacturing—0.3%** | **Miscellaneous Manufacturing—0.3%** |  |
| Axon Enterprise, Inc.<br> 0.500%, 12/15/27 | &nbsp;&nbsp; 415 | &nbsp;&nbsp; 1125 |
| **Oil, Gas & Consumable Fuels—1.0%** | **Oil, Gas & Consumable Fuels—1.0%** |  |
| UGI Corp. 144A<br> 5.000%, 6/1/28<sup>(1)</sup> | &nbsp;&nbsp; 2485 | &nbsp;&nbsp; 3177 |
| **Passenger Airlines—1.1%** | **Passenger Airlines—1.1%** |  |
| American Airlines Group, Inc.<br> 6.500%, 7/1/25 | &nbsp;&nbsp; 3560 | &nbsp;&nbsp; 3556 |
| **Pharmaceuticals—2.3%** | **Pharmaceuticals—2.3%** |  |
| Dexcom, Inc.<br> 0.250%, 11/15/25 | &nbsp;&nbsp; 4625 | &nbsp;&nbsp; 4498 |
| Jazz Investments I Ltd. 144A<br> 3.125%, 9/15/30<sup>(1)</sup> | &nbsp;&nbsp; 2720 | &nbsp;&nbsp; 2954 |
|  |  | &nbsp;&nbsp; 7452 |
| **Retail—1.2%** | **Retail—1.2%** |  |
| Burlington Stores, Inc.<br> 1.250%, 12/15/27<sup>(2)</sup> | &nbsp;&nbsp; 1870 | &nbsp;&nbsp; 2395 |
| Shake Shack, Inc.<br> 0.000%, 3/1/28<sup>(2)</sup> | &nbsp;&nbsp; 1450 | &nbsp;&nbsp; 1336 |
|  |  | &nbsp;&nbsp; 3731 |
| **Retail REIT—0.4%** | **Retail REIT—0.4%** |  |
| Federal Realty OP LP 144A<br> 3.250%, 1/15/29<sup>(1)</sup> | &nbsp;&nbsp; 1150 | &nbsp;&nbsp; 1145 |
| **Semiconductors—3.1%** | **Semiconductors—3.1%** |  |
| MACOM Technology Solutions Holdings, Inc. 144A<br> 0.000%, 12/15/29<sup>(1)(3)</sup> | &nbsp;&nbsp; 2605 | &nbsp;&nbsp; 2433 |
| ON Semiconductor Corp. |  |  |
| &nbsp;&nbsp;&nbsp;0.000%, 5/1/27 | &nbsp;&nbsp; 1720 | &nbsp;&nbsp; 1836 |
| &nbsp;&nbsp;&nbsp;0.500%, 3/1/29 | &nbsp;&nbsp; 1680 | &nbsp;&nbsp; 1450 |
| Semtech Corp.<br> 1.625%, 11/1/27 | &nbsp;&nbsp; 1560 | &nbsp;&nbsp; 1832 |
| Synaptics, Inc. 144A<br> 0.750%, 12/1/31<sup>(1)</sup> | &nbsp;&nbsp; 2005 | &nbsp;&nbsp; 1762 |
| Wolfspeed, Inc.<br> 0.250%, 2/15/28 | &nbsp;&nbsp; 2520 | &nbsp;&nbsp; 809 |
|  |  | &nbsp;&nbsp; 10122 |

---

See Notes to Schedule of Investments

------

#### VIRTUS Convertible & Income Fund

#### SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

#### April 30, 2025
($ reported in thousands)

---

| | | |
|:---|:---|:---|
|  | **Par Value** | **Value** |
| **Software—10.1%** | **Software—10.1%** |  |
| Alignment Healthcare, Inc. 144A<br> 4.250%, 11/15/29<sup>(1)</sup> | $1110 | $1567 |
| Cloudflare, Inc.<br> 0.000%, 8/15/26<sup>(3)</sup> | &nbsp;&nbsp; 4075 | &nbsp;&nbsp;&nbsp; 4140 |
| Confluent, Inc.<br> 0.000%, 1/15/27<sup>(3)</sup> | &nbsp;&nbsp; 2925 | &nbsp;&nbsp;&nbsp; 2685 |
| Datadog, Inc. 144A<br> 0.000%, 12/1/29<sup>(1)(2)(3)</sup> | &nbsp;&nbsp; 4305 | &nbsp;&nbsp;&nbsp; 3870 |
| Guidewire Software, Inc. 144A<br> 1.250%, 11/1/29<sup>(1)</sup> | &nbsp;&nbsp; 3060 | &nbsp;&nbsp;&nbsp; 3365 |
| MicroStrategy, Inc. 144A<br> 0.000%, 12/1/29<sup>(1)(3)</sup> | &nbsp;&nbsp; 7355 | &nbsp;&nbsp;&nbsp; 6689 |
| Nutanix, Inc. 144A<br> 0.500%, 12/15/29<sup>(1)</sup> | &nbsp;&nbsp; 3395 | &nbsp;&nbsp;&nbsp; 3664 |
| Snowflake, Inc. 144A<br> 0.000%, 10/1/29<sup>(1)</sup> | &nbsp;&nbsp; 4075 | &nbsp;&nbsp;&nbsp; 5055 |
| Unity Software, Inc. 144A<br> 0.000%, 3/15/30<sup>(1)</sup> | &nbsp;&nbsp; 1660 | &nbsp;&nbsp;&nbsp; 1560 |
|  |  | &nbsp;&nbsp;&nbsp; 32595 |
| **Telecommunications—1.0%** | **Telecommunications—1.0%** |  |
| AST SpaceMobile, Inc. 144A<br> 4.250%, 3/1/32<sup>(1)</sup> | &nbsp;&nbsp; 800 | &nbsp;&nbsp;&nbsp; 938 |
| InterDigital, Inc.<br> 3.500%, 6/1/27 | &nbsp;&nbsp; 225 | &nbsp;&nbsp;&nbsp; 587 |
| Viavi Solutions, Inc.<br> 1.625%, 3/15/26 | &nbsp;&nbsp; 1740 | &nbsp;&nbsp;&nbsp; 1820 |
|  |  | &nbsp;&nbsp;&nbsp; 3345 |
| **Water Utilities—1.0%** | **Water Utilities—1.0%** |  |
| American Water Capital Corp.<br> 3.625%, 6/15/26 | &nbsp;&nbsp; 3015 | &nbsp;&nbsp;&nbsp; 3105 |
| **Total Convertible Bonds and Notes<br> (Identified Cost $247,220)** | **Total Convertible Bonds and Notes<br> (Identified Cost $247,220)** | &nbsp;&nbsp;&nbsp;&nbsp; **254367** |
| **Corporate Bonds and Notes—61.3%** | **Corporate Bonds and Notes—61.3%** | **Corporate Bonds and Notes—61.3%** |
| **Aerospace & Defense—3.1%** | **Aerospace & Defense—3.1%** |  |
| AAR Escrow Issuer LLC 144A<br> 6.750%, 3/15/29<sup>(1)</sup> | &nbsp;&nbsp; 2185 | &nbsp;&nbsp;&nbsp; 2237 |
| Bombardier, Inc. 144A<br> 7.500%, 2/1/29<sup>(1)(2)</sup> | &nbsp;&nbsp; 2865 | &nbsp;&nbsp;&nbsp; 2951 |
| TransDigm, Inc. 144A<br> 7.125%, 12/1/31<sup>(1)</sup> | &nbsp;&nbsp; 4770 | &nbsp;&nbsp;&nbsp; 4958 |
|  |  | &nbsp;&nbsp;&nbsp; 10146 |
| **Auto Components—0.7%** | **Auto Components—0.7%** |  |
| Goodyear Tire & Rubber Co. (The)<br> 5.250%, 7/15/31<sup>(2)</sup> | &nbsp;&nbsp; 2265 | &nbsp;&nbsp;&nbsp; 2110 |
| **Automotive Parts & Equipment—2.5%** | **Automotive Parts & Equipment—2.5%** |  |
| Adient Global Holdings Ltd. 144A<br> 7.500%, 2/15/33<sup>(1)(2)</sup> | &nbsp;&nbsp; 1700 | &nbsp;&nbsp;&nbsp; 1611 |
| American Axle & Manufacturing, Inc.<br> 6.875%, 7/1/28<sup>(2)</sup> | &nbsp;&nbsp; 1155 | &nbsp;&nbsp;&nbsp; 1111 |
| Clarios Global LP 144A<br> 8.500%, 5/15/27<sup>(1)</sup> | &nbsp;&nbsp; 2685 | &nbsp;&nbsp;&nbsp; 2695 |

---

---

| | | |
|:---|:---|:---|
|  | **Par Value** | **Value** |
| **Automotive Parts & Equipment—continued** | **Automotive Parts & Equipment—continued** |  |
| Garrett Motion Holdings, Inc. 144A<br> 7.750%, 5/31/32<sup>(1)</sup> | $1105 | $1103 |
| Tenneco, Inc. 144A<br> 8.000%, 11/17/28<sup>(1)</sup> | &nbsp;&nbsp; 1595 | &nbsp;&nbsp; 1524 |
|  |  | &nbsp;&nbsp; 8044 |
| **Building Materials—1.8%** | **Building Materials—1.8%** |  |
| Builders FirstSource, Inc. 144A<br> 6.375%, 6/15/32<sup>(1)(2)</sup> | &nbsp;&nbsp; 2820 | &nbsp;&nbsp; 2836 |
| Quikrete Holdings, Inc. 144A<br> 6.750%, 3/1/33<sup>(1)</sup> | &nbsp;&nbsp; 2825 | &nbsp;&nbsp; 2836 |
|  |  | &nbsp;&nbsp; 5672 |
| **Chemicals—1.1%** | **Chemicals—1.1%** |  |
| Chemours Co. (The) 144A<br> 8.000%, 1/15/33<sup>(1)</sup> | &nbsp;&nbsp; 2330 | &nbsp;&nbsp; 2100 |
| Tronox, Inc. 144A<br> 4.625%, 3/15/29<sup>(1)(2)</sup> | &nbsp;&nbsp; 1795 | &nbsp;&nbsp; 1453 |
|  |  | &nbsp;&nbsp; 3553 |
| **Commercial Services—3.8%** | **Commercial Services—3.8%** |  |
| Avis Budget Car Rental LLC 144A<br> 8.000%, 2/15/31<sup>(1)</sup> | &nbsp;&nbsp; 2875 | &nbsp;&nbsp; 2856 |
| EquipmentShare.com, Inc. 144A<br> 8.625%, 5/15/32<sup>(1)</sup> | &nbsp;&nbsp; 2995 | &nbsp;&nbsp; 3058 |
| Shift4 Payments LLC 144A<br> 6.750%, 8/15/32<sup>(1)</sup> | &nbsp;&nbsp; 3380 | &nbsp;&nbsp; 3428 |
| Williams Scotsman, Inc. 144A<br> 6.625%, 4/15/30<sup>(1)</sup> | &nbsp;&nbsp; 2770 | &nbsp;&nbsp; 2820 |
|  |  | &nbsp;&nbsp; 12162 |
| **Computers—1.8%** | **Computers—1.8%** |  |
| McAfee Corp. 144A<br> 7.375%, 2/15/30<sup>(1)</sup> | &nbsp;&nbsp; 2530 | &nbsp;&nbsp; 2186 |
| Seagate HDD Cayman<br> 8.500%, 7/15/31 | &nbsp;&nbsp; 3345 | &nbsp;&nbsp; 3578 |
|  |  | &nbsp;&nbsp; 5764 |
| **Containers & Packaging—1.2%** | **Containers & Packaging—1.2%** |  |
| Mauser Packaging Solutions Holding Co. 144A<br> 7.875%, 4/15/27<sup>(1)</sup> | &nbsp;&nbsp; 2805 | &nbsp;&nbsp; 2812 |
| Trivium Packaging Finance B.V. 144A<br> 8.500%, 8/15/27<sup>(1)</sup> | &nbsp;&nbsp; 1165 | &nbsp;&nbsp; 1152 |
|  |  | &nbsp;&nbsp; 3964 |
| **Diversified REITS—1.4%** | **Diversified REITS—1.4%** |  |
| Iron Mountain, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;144A 7.000%, 2/15/29<sup>(1)</sup> | &nbsp;&nbsp; 2840 | &nbsp;&nbsp; 2917 |
| &nbsp;&nbsp;&nbsp;144A 6.250%, 1/15/33<sup>(1)</sup> | &nbsp;&nbsp; 1725 | &nbsp;&nbsp; 1722 |
|  |  | &nbsp;&nbsp; 4639 |
| **Electronic Equipment, Instruments & Components—0.5%** | **Electronic Equipment, Instruments & Components—0.5%** |  |
| WESCO Distribution, Inc. 144A<br> 6.375%, 3/15/33<sup>(1)</sup> | &nbsp;&nbsp; 1700 | &nbsp;&nbsp; 1720 |

---

See Notes to Schedule of Investments

------

#### VIRTUS Convertible & Income Fund

#### SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

#### April 30, 2025
($ reported in thousands)

---

| | | |
|:---|:---|:---|
|  | **Par Value** | **Value** |
| **Electronics—0.5%** | **Electronics—0.5%** |  |
| Coherent Corp. 144A<br> 5.000%, 12/15/29<sup>(1)(2)</sup> | $1780 | $1704 |
| **Entertainment—3.2%** | **Entertainment—3.2%** |  |
| Caesars Entertainment, Inc. 144A<br> 6.000%, 10/15/32<sup>(1)(2)</sup> | &nbsp;&nbsp; 3600 | &nbsp;&nbsp; 3394 |
| Churchill Downs, Inc. 144A<br> 6.750%, 5/1/31<sup>(1)</sup> | &nbsp;&nbsp; 1090 | &nbsp;&nbsp; 1101 |
| Light & Wonder International, Inc. 144A<br> 7.000%, 5/15/28<sup>(1)</sup> | &nbsp;&nbsp; 2800 | &nbsp;&nbsp; 2801 |
| Lions Gate Capital Holdings 1, Inc. 144A<br> 5.500%, 4/15/29<sup>(1)</sup> | &nbsp;&nbsp; 1455 | &nbsp;&nbsp; 1313 |
| SeaWorld Parks & Entertainment, Inc. 144A<br> 5.250%, 8/15/29<sup>(1)</sup> | &nbsp;&nbsp; 1765 | &nbsp;&nbsp; 1677 |
|  |  | &nbsp;&nbsp; 10286 |
| **Environmental Services—1.5%** | **Environmental Services—1.5%** |  |
| GFL Environmental, Inc. 144A<br> 6.750%, 1/15/31<sup>(1)</sup> | &nbsp;&nbsp; 2630 | &nbsp;&nbsp; 2734 |
| Waste Pro USA, Inc. 144A<br> 7.000%, 2/1/33<sup>(1)</sup> | &nbsp;&nbsp; 1985 | &nbsp;&nbsp; 2025 |
|  |  | &nbsp;&nbsp; 4759 |
| **Financial Services—3.9%** | **Financial Services—3.9%** |  |
| Nationstar Mortgage Holdings, Inc. 144A<br> 7.125%, 2/1/32<sup>(1)</sup> | &nbsp;&nbsp; 3720 | &nbsp;&nbsp; 3859 |
| Navient Corp.<br> 9.375%, 7/25/30 | &nbsp;&nbsp; 1475 | &nbsp;&nbsp; 1568 |
| OneMain Finance Corp.<br> 7.125%, 11/15/31<sup>(2)</sup> | &nbsp;&nbsp; 3275 | &nbsp;&nbsp; 3289 |
| PennyMac Financial Services, Inc. 144A<br> 7.875%, 12/15/29<sup>(1)</sup> | &nbsp;&nbsp; 2330 | &nbsp;&nbsp; 2429 |
| PRA Group, Inc. 144A<br> 8.375%, 2/1/28<sup>(1)</sup> | &nbsp;&nbsp; 1545 | &nbsp;&nbsp; 1561 |
|  |  | &nbsp;&nbsp; 12706 |
| **Food & Beverage—1.7%** | **Food & Beverage—1.7%** |  |
| Performance Food Group, Inc. 144A<br> 6.125%, 9/15/32<sup>(1)</sup> | &nbsp;&nbsp; 2320 | &nbsp;&nbsp; 2321 |
| Post Holdings, Inc. 144A<br> 6.375%, 3/1/33<sup>(1)</sup> | &nbsp;&nbsp; 3365 | &nbsp;&nbsp; 3327 |
|  |  | &nbsp;&nbsp; 5648 |
| **Healthcare-Products—1.7%** | **Healthcare-Products—1.7%** |  |
| Insulet Corp. 144A<br> 6.500%, 4/1/33<sup>(1)</sup> | &nbsp;&nbsp; 2170 | &nbsp;&nbsp; 2214 |
| Medline Borrower LP 144A<br> 5.250%, 10/1/29<sup>(1)</sup> | &nbsp;&nbsp; 3285 | &nbsp;&nbsp; 3119 |
|  |  | &nbsp;&nbsp; 5333 |
| **Healthcare-Services—1.5%** | **Healthcare-Services—1.5%** |  |
| Concentra Health Services, Inc. 144A<br> 6.875%, 7/15/32<sup>(1)</sup> | &nbsp;&nbsp; 2195 | &nbsp;&nbsp; 2247 |
| Tenet Healthcare Corp.<br> 6.125%, 10/1/28 | &nbsp;&nbsp; 2750 | &nbsp;&nbsp; 2744 |
|  |  | &nbsp;&nbsp; 4991 |

---

---

| | | |
|:---|:---|:---|
|  | **Par Value** | **Value** |
| **Insurance—1.0%** | **Insurance—1.0%** |  |
| Panther Escrow Issuer LLC 144A<br> 7.125%, 6/1/31<sup>(1)</sup> | $3280 | $3360 |
| **Internet—1.5%** | **Internet—1.5%** |  |
| Gen Digital, Inc. 144A<br> 7.125%, 9/30/30<sup>(1)(2)</sup> | &nbsp;&nbsp; 3180 | &nbsp;&nbsp; 3274 |
| Snap, Inc. 144A<br> 6.875%, 3/1/33<sup>(1)</sup> | &nbsp;&nbsp; 1705 | &nbsp;&nbsp; 1703 |
|  |  | &nbsp;&nbsp; 4977 |
| **Investment Companies—0.6%** | **Investment Companies—0.6%** |  |
| Compass Group Diversified Holdings LLC 144A<br> 5.250%, 4/15/29<sup>(1)</sup> | &nbsp;&nbsp; 1895 | &nbsp;&nbsp; 1788 |
| **Iron & Steel—0.8%** | **Iron & Steel—0.8%** |  |
| Cleveland-Cliffs, Inc. 144A<br> 7.000%, 3/15/32<sup>(1)(2)</sup> | &nbsp;&nbsp; 2880 | &nbsp;&nbsp; 2706 |
| **Leisure Time—1.5%** | **Leisure Time—1.5%** |  |
| Amer Sports Co. 144A<br> 6.750%, 2/16/31<sup>(1)</sup> | &nbsp;&nbsp; 1615 | &nbsp;&nbsp; 1633 |
| NCL Corp., Ltd. 144A<br> 6.750%, 2/1/32<sup>(1)</sup> | &nbsp;&nbsp; 3295 | &nbsp;&nbsp; 3217 |
|  |  | &nbsp;&nbsp; 4850 |
| **Lodging—0.4%** | **Lodging—0.4%** |  |
| Station Casinos LLC 144A<br> 6.625%, 3/15/32<sup>(1)(2)</sup> | &nbsp;&nbsp; 1135 | &nbsp;&nbsp; 1128 |
| **Machinery-Diversified—1.0%** | **Machinery-Diversified—1.0%** |  |
| Chart Industries, Inc. 144A<br> 7.500%, 1/1/30<sup>(1)</sup> | &nbsp;&nbsp; 3200 | &nbsp;&nbsp; 3320 |
| **Media—5.0%** | **Media—5.0%** |  |
| CCO Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp;144A 6.375%, 9/1/29<sup>(1)</sup> | &nbsp;&nbsp; 1700 | &nbsp;&nbsp; 1715 |
| &nbsp;&nbsp;&nbsp;144A 7.375%, 3/1/31<sup>(1)(2)</sup> | &nbsp;&nbsp; 2295 | &nbsp;&nbsp; 2364 |
| Gray Media, Inc. 144A<br> 7.000%, 5/15/27<sup>(1)</sup> | &nbsp;&nbsp; 2215 | &nbsp;&nbsp; 2155 |
| Nexstar Media, Inc. 144A<br> 5.625%, 7/15/27<sup>(1)</sup> | &nbsp;&nbsp; 2120 | &nbsp;&nbsp; 2100 |
| Sirius XM Radio LLC 144A<br> 5.500%, 7/1/29<sup>(1)</sup> | &nbsp;&nbsp; 3480 | &nbsp;&nbsp; 3388 |
| TEGNA, Inc.<br> 5.000%, 9/15/29<sup>(2)</sup> | &nbsp;&nbsp; 2435 | &nbsp;&nbsp; 2268 |
| Virgin Media Secured Finance plc 144A<br> 5.500%, 5/15/29<sup>(1)</sup> | &nbsp;&nbsp; 2425 | &nbsp;&nbsp; 2335 |
|  |  | &nbsp;&nbsp; 16325 |
| **Mining—1.6%** | **Mining—1.6%** |  |
| Arsenal AIC Parent LLC 144A<br> 8.000%, 10/1/30<sup>(1)</sup> | &nbsp;&nbsp; 1620 | &nbsp;&nbsp; 1677 |
| Capstone Copper Corp. 144A<br> 6.750%, 3/31/33<sup>(1)</sup> | &nbsp;&nbsp; 1685 | &nbsp;&nbsp; 1656 |
| Hudbay Minerals, Inc. 144A<br> 6.125%, 4/1/29<sup>(1)</sup> | &nbsp;&nbsp; 1720 | &nbsp;&nbsp; 1712 |
|  |  | &nbsp;&nbsp; 5045 |

---

See Notes to Schedule of Investments

------

#### VIRTUS Convertible & Income Fund

#### SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

#### April 30, 2025
($ reported in thousands)

---

| | | |
|:---|:---|:---|
|  | **Par Value** | **Value** |
| **Miscellaneous Manufacturing—0.5%** | **Miscellaneous Manufacturing—0.5%** |  |
| Axon Enterprise, Inc. 144A<br> 6.250%, 3/15/33<sup>(1)</sup> | $1690 | $1723 |
| **Oil, Gas & Consumable Fuels—6.3%** | **Oil, Gas & Consumable Fuels—6.3%** |  |
| CITGO Petroleum Corp. 144A<br> 8.375%, 1/15/29<sup>(1)</sup> | &nbsp;&nbsp; 1715 | &nbsp;&nbsp; 1716 |
| Civitas Resources, Inc. 144A<br> 8.750%, 7/1/31<sup>(1)</sup> | &nbsp;&nbsp; 3250 | &nbsp;&nbsp; 3089 |
| CNX Resources Corp. 144A<br> 7.375%, 1/15/31<sup>(1)</sup> | &nbsp;&nbsp; 2335 | &nbsp;&nbsp; 2337 |
| Northern Oil & Gas, Inc. 144A<br> 8.750%, 6/15/31<sup>(1)</sup> | &nbsp;&nbsp; 1650 | &nbsp;&nbsp; 1585 |
| Permian Resources Operating LLC 144A<br> 6.250%, 2/1/33<sup>(1)</sup> | &nbsp;&nbsp; 2310 | &nbsp;&nbsp; 2259 |
| SM Energy Co. 144A<br> 7.000%, 8/1/32<sup>(1)(2)</sup> | &nbsp;&nbsp; 1705 | &nbsp;&nbsp; 1572 |
| Sunoco LP 144A<br> 6.250%, 7/1/33<sup>(1)</sup> | &nbsp;&nbsp; 2220 | &nbsp;&nbsp; 2217 |
| Transocean Titan Financing Ltd. 144A<br> 8.375%, 2/1/28<sup>(1)</sup> | &nbsp;&nbsp; 2162 | &nbsp;&nbsp; 2142 |
| USA Compression Partners LP<br> 6.875%, 9/1/27 | &nbsp;&nbsp; 1095 | &nbsp;&nbsp; 1086 |
| Weatherford International Ltd. 144A<br> 8.625%, 4/30/30<sup>(1)</sup> | &nbsp;&nbsp; 2410 | &nbsp;&nbsp; 2389 |
|  |  | &nbsp;&nbsp; 20392 |
| **Paper & Forest Products—0.4%** | **Paper & Forest Products—0.4%** |  |
| Mercer International, Inc. 144A<br> 5.125%, 2/1/29<sup>(1)</sup> | &nbsp;&nbsp; 1470 | &nbsp;&nbsp; 1209 |
| **Pharmaceuticals—0.9%** | **Pharmaceuticals—0.9%** |  |
| Organon & Co. 144A<br> 7.875%, 5/15/34<sup>(1)(2)</sup> | &nbsp;&nbsp; 3110 | &nbsp;&nbsp; 2864 |
| **Pipelines—0.5%** | **Pipelines—0.5%** |  |
| NGL Energy Operating LLC 144A<br> 8.375%, 2/15/32<sup>(1)</sup> | &nbsp;&nbsp; 1745 | &nbsp;&nbsp; 1591 |
| **Retail—1.7%** | **Retail—1.7%** |  |
| Bath & Body Works, Inc. 144A<br> 6.625%, 10/1/30<sup>(1)(2)</sup> | &nbsp;&nbsp; 1175 | &nbsp;&nbsp; 1195 |
| Group 1 Automotive, Inc. 144A<br> 6.375%, 1/15/30<sup>(1)</sup> | &nbsp;&nbsp; 2130 | &nbsp;&nbsp; 2152 |
| New Red Finance, Inc. 144A<br> 6.125%, 6/15/29<sup>(1)</sup> | &nbsp;&nbsp; 2265 | &nbsp;&nbsp; 2301 |
|  |  | &nbsp;&nbsp; 5648 |
| **Semiconductors—1.1%** | **Semiconductors—1.1%** |  |
| Amkor Technology, Inc. 144A<br> 6.625%, 9/15/27<sup>(1)</sup> | &nbsp;&nbsp; 1695 | &nbsp;&nbsp; 1693 |
| Entegris, Inc. 144A<br> 5.950%, 6/15/30<sup>(1)</sup> | &nbsp;&nbsp; 1875 | &nbsp;&nbsp; 1871 |
|  |  | &nbsp;&nbsp; 3564 |
| **Software—1.4%** | **Software—1.4%** |  |
| Cloud Software Group, Inc. 144A<br> 6.500%, 3/31/29<sup>(1)</sup> | &nbsp;&nbsp; 2215 | &nbsp;&nbsp; 2216 |

---

---

| | | |
|:---|:---|:---|
|  | **Par Value** | **Value** |
| **Software—continued** | **Software—continued** |  |
| UKG, Inc. 144A<br> 6.875%, 2/1/31<sup>(1)</sup> | $2240 | $2304 |
|  |  | &nbsp;&nbsp;&nbsp; 4520 |
| **Telecommunications—0.5%** | **Telecommunications—0.5%** |  |
| Frontier Communications Holdings LLC 144A<br> 8.750%, 5/15/30<sup>(1)</sup> | &nbsp;&nbsp; 1595 | &nbsp;&nbsp;&nbsp; 1670 |
| **Transportation—2.7%** | **Transportation—2.7%** |  |
| Fortress Transportation & Infrastructure Investors LLC 144A<br> 7.875%, 12/1/30<sup>(1)</sup> | &nbsp;&nbsp; 3705 | &nbsp;&nbsp;&nbsp; 3873 |
| Stonepeak Nile Parent LLC 144A<br> 7.250%, 3/15/32<sup>(1)</sup> | &nbsp;&nbsp; 2225 | &nbsp;&nbsp;&nbsp; 2259 |
| XPO, Inc. 144A<br> 7.125%, 6/1/31<sup>(1)(2)</sup> | &nbsp;&nbsp; 2650 | &nbsp;&nbsp;&nbsp; 2713 |
|  |  | &nbsp;&nbsp;&nbsp; 8845 |
| **Total Corporate Bonds and Notes<br> (Identified Cost $198,865)** | **Total Corporate Bonds and Notes<br> (Identified Cost $198,865)** | &nbsp;&nbsp;&nbsp;&nbsp; **198726** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** |  |
| **Convertible Preferred Stocks—12.2%** | **Convertible Preferred Stocks—12.2%** | **Convertible Preferred Stocks—12.2%** |
| **Aerospace & Defense—3.1%** | **Aerospace & Defense—3.1%** |  |
| Boeing Co. (The), 6.000% | &nbsp;&nbsp;&nbsp;&nbsp;162295 | &nbsp;&nbsp; 9962 |
| **Banks—2.9%** | **Banks—2.9%** |  |
| Wells Fargo & Co. Series L, 7.500% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7970 | &nbsp;&nbsp; 9261 |
| **Capital Markets—1.7%** | **Capital Markets—1.7%** |  |
| Ares Management Corp. Series B, 6.750% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51255 | &nbsp;&nbsp; 2531 |
| KKR & Co., Inc. Series D, 6.250% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;65035 | &nbsp;&nbsp; 3117 |
|  |  | &nbsp;&nbsp; 5648 |
| **Chemicals—0.3%** | **Chemicals—0.3%** |  |
| Albemarle Corp., 7.250% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36800 | &nbsp;&nbsp; 1127 |
| **Electric Utilities—1.6%** | **Electric Utilities—1.6%** |  |
| NextEra Energy, Inc., 6.926%<sup>(2)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59690 | &nbsp;&nbsp; 2298 |
| PG&E Corp. Series A, 6.000% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66420 | &nbsp;&nbsp; 2889 |
|  |  | &nbsp;&nbsp; 5187 |
| **Healthcare Providers & Services—0.7%** | **Healthcare Providers & Services—0.7%** |  |
| BrightSpring Health Services, Inc., 6.750% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33945 | &nbsp;&nbsp; 2128 |
| **Machinery—0.2%** | **Machinery—0.2%** |  |
| Chart Industries, Inc. Series B, 6.750% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11300 | &nbsp;&nbsp; 598 |
| **Semiconductors & Semiconductor Equipment—0.9%** | **Semiconductors & Semiconductor Equipment—0.9%** |  |
| Microchip Technology, Inc., 7.500% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58770 | &nbsp;&nbsp; 2789 |
| **Software—0.2%** | **Software—0.2%** |  |
| MicroStrategy, Inc., 8.000% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9075 | &nbsp;&nbsp; 812 |

---

See Notes to Schedule of Investments

------

#### VIRTUS Convertible & Income Fund

#### SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

#### April 30, 2025
($ reported in thousands)

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Technology Hardware, Storage & Peripherals—0.6%** | **Technology Hardware, Storage & Peripherals—0.6%** |  |
| Hewlett Packard Enterprise Co., 7.625% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40950 | $2056 |
| **Total Convertible Preferred Stocks<br> (Identified Cost $34,663)** | **Total Convertible Preferred Stocks<br> (Identified Cost $34,663)** | &nbsp;&nbsp;&nbsp;&nbsp; **39568** |
| **Preferred Stock—0.1%** | **Preferred Stock—0.1%** | **Preferred Stock—0.1%** |
| **Entertainment—0.1%** | **Entertainment—0.1%** |  |
| LiveStyle, Inc. Series B<sup>(4)(5)(6)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4196 | &nbsp;&nbsp;&nbsp; 420 |
| **Total Preferred Stock<br> (Identified Cost $412)** | **Total Preferred Stock<br> (Identified Cost $412)** | &nbsp;&nbsp;&nbsp;&nbsp; **420** |
| **Common Stocks—0.2%** | **Common Stocks—0.2%** | **Common Stocks—0.2%** |
| **Banks—0.2%** | **Banks—0.2%** |  |
| CCF Holdings LLC<sup>(4)(5)</sup> | 7808320 | &nbsp;&nbsp;&nbsp; 390 |
| CCF Holdings LLC Class M<sup>(4)(5)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;879959 | &nbsp;&nbsp;&nbsp; 44 |
|  |  | &nbsp;&nbsp;&nbsp; 434 |
| **Consumer Finance—0.0%** | **Consumer Finance—0.0%** |  |
| Erickson, Inc.<sup>(4)(5)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8295 | &nbsp;&nbsp;&nbsp; — |
| **Entertainment—0.0%** | **Entertainment—0.0%** |  |
| LiveStyle, Inc. <sup>(4)(5)(6)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;90407 | &nbsp;&nbsp;&nbsp; — |
| **Total Common Stocks<br> (Identified Cost $30,173)** | **Total Common Stocks<br> (Identified Cost $30,173)** | &nbsp;&nbsp;&nbsp;&nbsp; **434** |
| **Warrant—0.0%** | **Warrant—0.0%** | **Warrant—0.0%** |
| **Banks—0.0%** | **Banks—0.0%** |  |
| CCF Holdings LLC, 3/25/26<sup>(4)(5)</sup> | 1455681 | &nbsp;&nbsp;&nbsp; 29 |
| **Total Warrant<br> (Identified Cost $—)** | **Total Warrant<br> (Identified Cost $—)** | &nbsp;&nbsp;&nbsp;&nbsp; **29** |
| **Total Long-Term Investments—152.3%<br> (Identified Cost $511,333)** | **Total Long-Term Investments—152.3%<br> (Identified Cost $511,333)** | &nbsp;&nbsp;&nbsp;&nbsp; **493544** |
| **Short-Term Investment—4.8%** | **Short-Term Investment—4.8%** | **Short-Term Investment—4.8%** |
| **Money Market Mutual Fund—4.8%** | **Money Market Mutual Fund—4.8%** | **Money Market Mutual Fund—4.8%** |
| BlackRock Liquidity FedFund - Institutional Shares (seven-day effective yield 4.222%)<sup>(7)</sup> | 15528370 | &nbsp;&nbsp;&nbsp; 15528 |
| **Total Short-Term Investment<br> (Identified Cost $15,528)** | **Total Short-Term Investment<br> (Identified Cost $15,528)** | &nbsp;&nbsp;&nbsp;&nbsp; **15528** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Securities Lending Collateral—3.0%** | **Securities Lending Collateral—3.0%** | **Securities Lending Collateral—3.0%** |
| Dreyfus Government Cash Management Fund - Institutional Shares (seven-day effective yield 4.207%)<sup>(7)(8)</sup> | 9873227 | $9873 |
| **Total Securities Lending Collateral<br> (Identified Cost $9,873)** | **Total Securities Lending Collateral<br> (Identified Cost $9,873)** | &nbsp;&nbsp;&nbsp;&nbsp; **9873** |
| **TOTAL INVESTMENTS—160.1%<br> (Identified Cost $536,734)** | **TOTAL INVESTMENTS—160.1%<br> (Identified Cost $536,734)** | &nbsp;&nbsp; **$518945** |
| Other assets and liabilities, net—(29.3)% | Other assets and liabilities, net—(29.3)% | &nbsp;&nbsp;&nbsp;&nbsp; (94872) |
| Cumulative Preferred Shares—(30.9)% | Cumulative Preferred Shares—(30.9)% | &nbsp;&nbsp;&nbsp;&nbsp;(100000) |
| **NET ASSETS—100.0%** | **NET ASSETS—100.0%** | &nbsp;&nbsp; **$324073** |

---

---

| | |
|:---|:---|
| **Abbreviations:** | **Abbreviations:** |
| LLC | Limited Liability Company |
| LP | Limited Partnership |
| OP | Operating Partnership |
| plc | Public Limited Company |
| REIT | Real Estate Investment Trust |

---

---

| | |
|:---|:---|
| **Footnote Legend:** | **Footnote Legend:** |
| <sup>(1)</sup> | Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At April 30, 2025, these securities amounted to a value of $284,300 or 87.7% of net assets. |
| <sup>(2)</sup> | All or a portion of security is on loan pursuant to the Liquidity Facility and/or securities lending. |
| <sup>(3)</sup> | Issued with a zero coupon. Income is recognized through the accretion of discount. |
| <sup>(4)</sup> | The value of this security was determined using significant unobservable inputs and is reported as a Level 3 security in the Fair Value Hierarchy table located after the Schedule of Investments. |
| <sup>(5)</sup> | Non-income producing. |
| <sup>(6)</sup> | Security is restricted from resale. |
| <sup>(7)</sup> | Shares of this fund are publicly offered, and its prospectus and annual report are publicly available. |
| <sup>(8)</sup> | Represents security purchased with cash collateral received for securities on loan. |

---

---

| | |
|:---|:---|
| **Country Weightings<sup>†</sup>** | **Country Weightings<sup>†</sup>** |
| United States | &nbsp;&nbsp;90% |
| Canada | &nbsp;&nbsp;&nbsp;&nbsp;3 |
| Cayman Islands | &nbsp;&nbsp;&nbsp;&nbsp;3 |
| Bermuda | &nbsp;&nbsp;&nbsp;&nbsp;2 |
| United Kingdom | &nbsp;&nbsp;&nbsp;&nbsp;1 |
| Jersey | &nbsp;&nbsp;&nbsp;&nbsp;1 |
| Total | 100% |
| <sup>†</sup> % of total investments as of April 30, 2025. | <sup>†</sup> % of total investments as of April 30, 2025. |

---

See Notes to Schedule of Investments

------

#### VIRTUS Convertible & Income Fund

#### SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

#### April 30, 2025
($ reported in thousands)

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total<br> Value at<br> April 30, 2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Level 1<br> Quoted Prices | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Level 2<br> Significant<br> Observable<br> Inputs | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Level 3<br> Significant<br> Unobservable<br> Inputs |
| Assets: |  |  |  |  |
| Debt Instruments: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Convertible Bonds and Notes | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$254367 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$254367 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$— |
| &nbsp;&nbsp;&nbsp;Corporate Bonds and Notes | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;198726 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;198726 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Equity Securities: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Convertible Preferred Stocks | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39568 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39568 | &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;Preferred Stock | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;420 | &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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;420 |
| &nbsp;&nbsp;&nbsp;Common Stocks | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;434 | &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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;434<sup>(1)</sup> |
| &nbsp;&nbsp;&nbsp;Warrant | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29 | &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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29 |
| Money Market Mutual Fund | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15528 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15528 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Securities Lending Collateral | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9873 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9873 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Total Investments | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$518945 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$64969 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$453093 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$883 |

---

<sup>(1)</sup> Includes internally fair valued securities currently priced at zero ($0).

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

Some of the Fund's investments that were categorized as Level 3 may have been valued utilizing third party pricing information without adjustment. If applicable, such valuations are based on unobservable inputs. A significant change in third party information could result in a significantly lower or higher value of Level 3 investments.

Management has determined that the amount of Level 3 securities compared to total net assets is not material; therefore, the roll-forward of Level 3 securities and assumptions are not shown for the period ended April 30, 2025.

See Notes to Schedule of Investments

------

#### VIRTUS Convertible & Income Fund

#### SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

#### April 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.

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

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

• 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 value 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.

Debt instruments, including convertible bonds, restricted securities, and leveraged loans are valued based on either evaluated or composite quotations received from independent pricing services or from dealers who make markets in such securities. For most bond types, the pricing service utilizes matrix pricing that considers one or more of the following factors: yield or price of bonds of comparable quality, coupon, maturity, current cash flows, type, activity of the underlying equities, and current day trade information, as well as dealer supplied prices. These valuations are generally categorized as Level 2 in the hierarchy. Structured debt instruments, such as mortgage-backed and asset-backed securities may also incorporate collateral analysis and utilize cash flow models for valuation and are generally categorized as Level 2 in the hierarchy. Pricing services do not provide pricing for all securities and therefore indicative bids from dealers are utilized which are based on pricing models used by market makers in the security and are generally categorized as Level 2 in the hierarchy. Debt instruments that are internally fair valued by the investment adviser's Valuation Committee are generally categorized as Level 3 in the hierarchy.

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 report.

## 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 Convertible & Income Fund

- **b. Investment Company Act file number:** 811-21284

- **c. CIK number of Registrant:** 0001214935

- **d. LEI of Registrant:** 549300WT3ICVH2Z06O49

- **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:** 866-270-7788

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

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

- **c. LEI of Series:** 549300WT3ICVH2Z06O49

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

- **a. Date of fiscal year-end:** 2026-01-31

- **b. Date as of which information is reported:** 2025-04-30

**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:** $538607452.84

**Total Liabilities:** $214536292.06

**Net Assets:** $324071160.78

**Cash Not Reported:** $11849761.91

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.00000000 | **1-Year:** -528.20000000 | **5-Year:** -4824.02000000 | **10-Year:** -729.70000000 | **30-Year:** -9360.67000000

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

- **3-Month:** -78.28000000 | **1-Year:** -1265.22000000 | **5-Year:** -47368.33000000 | **10-Year:** -53607.37000000 | **30-Year:** -2706.81000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000000000 | -2.53%               | -4.23%               | 0.51%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $2383637.21              | $-12441767.69                              |
| Month 2  | $791528.56               | $-15966388.76                              |
| Month 3  | $386122.36               | $516712.82                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| 1011778 BC / NEW RED FIN             | 1011778 BC ULC / New Red Finance Inc                       | CUSIP: 68245XAR0<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   2265000 | PA      | $2300820.98   | 0.71%             | 2029-06-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| CAESARS ENTERTAIN INC                | Caesars Entertainment Inc                                  | CUSIP: 12769GAD2<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |   3600000 | PA      | $3393877.50   | 1.05%             | 2032-10-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: —       |
| GFL ENVIRONMENTAL INC                | GFL Environmental Inc                                      | CUSIP: 36168QAQ7<br>LEI: 549300FYK4MBXWIVZU26 | Long             | DBT              | CORP              | CA        |   2630000 | PA      | $2733886.95   | 0.84%             | 2031-01-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| AMERICAN AXLE & MFG INC              | American Axle & Manufacturing Inc                          | CUSIP: 02406PBA7<br>LEI: RY5TAKFOBLDUGX31MS24 | Long             | DBT              | CORP              | US        |   1155000 | PA      | $1111642.46   | 0.34%             | 2028-07-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: —       |
| DATADOG INC                          | Datadog Inc                                                | CUSIP: 23804LAC7<br>LEI: 549300F6JNO0KRPO1K63 | Long             | DBT              | CORP              | US        |   4305000 | PA      | $3870119.83   | 1.19%             | 2029-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: —       |
| MICROCHIP TECHNOLOGY INC             | Microchip Technology Inc                                   | CUSIP: 595017302<br>LEI: 5493007PTFULNYZJ1R12 | Long             | EP               | CORP              | US        |     58770 | NS      | $2789224.20   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| TENET HEALTHCARE CORP                | Tenet Healthcare Corp                                      | CUSIP: 88033GDK3<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |   2750000 | PA      | $2743422.91   | 0.85%             | 2028-10-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| ZILLOW GROUP INC                     | Zillow Group Inc                                           | CUSIP: 98954MAH4<br>LEI: 2549002XEELQDIR6FU05 | Long             | DBT              | CORP              | US        |    740000 | PA      | $744271.78    | 0.23%             | 2025-05-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| MAUSER PACKAGING SOLUT               | Mauser Packaging Solutions Holding Co                      | CUSIP: 57763RAD9<br>LEI: 549300DNGHXL0OMHW304 | Long             | DBT              | CORP              | US        |   2805000 | PA      | $2812405.59   | 0.87%             | 2027-04-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| TRIP.COM GROUP LTD                   | Trip.com Group Ltd                                         | CUSIP: 89677QAA5<br>LEI: 2549004RMYDSRQL4KW41 | Long             | DBT              | CORP              | KY        |   1970000 | PA      | $2222160.00   | 0.69%             | 2029-06-15      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| AFFIRM HOLDINGS INC                  | Affirm Holdings Inc                                        | CUSIP: 00827BAC0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1490000 | PA      | $1340060.14   | 0.41%             | 2029-12-15      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| MERCER INTL INC                      | Mercer International Inc                                   | CUSIP: 588056BA8<br>LEI: 549300Z5IAG39VRTY874 | Long             | DBT              | CORP              | US        |   1470000 | PA      | $1209142.06   | 0.37%             | 2029-02-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| UNITY SOFTWARE INC                   | Unity Software Inc                                         | CUSIP: 91332UAG6<br>LEI: 549300D1ESJMGNQNG432 | Long             | DBT              | CORP              | US        |   1660000 | PA      | $1559570.00   | 0.48%             | 2030-03-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                 | Cleveland-Cliffs Inc                                       | CUSIP: 185899AP6<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |   2880000 | PA      | $2705718.82   | 0.83%             | 2032-03-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: —       |
| COHERENT CORP                        | Coherent Corp                                              | CUSIP: 902104AC2<br>LEI: 549300O5C25A0MMHHU33 | Long             | DBT              | CORP              | US        |   1780000 | PA      | $1704132.31   | 0.53%             | 2029-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: —       |
| CNX RESOURCES CORP                   | CNX Resources Corp                                         | CUSIP: 12653CAK4<br>LEI: 549300JK3KH8PWM3B226 | Long             | DBT              | CORP              | US        |   2335000 | PA      | $2337346.68   | 0.72%             | 2031-01-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| ROCKET LAB USA                       | Rocket Lab USA Inc                                         | CUSIP: 773122AA4<br>LEI: 254900B4DEYFZJ980A14 | Long             | DBT              | CORP              | US        |    180000 | PA      | $783723.94    | 0.24%             | 2029-02-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| JAZZ INVESTMENTS I LTD               | Jazz Investments I Ltd                                     | CUSIP: 472145AG6<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   2720000 | PA      | $2953827.66   | 0.91%             | 2030-09-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| CONFLUENT INC                        | Confluent Inc                                              | CUSIP: 20717MAB9<br>LEI: 254900MRZ83YWUV7SN74 | Long             | DBT              | CORP              | US        |   2925000 | PA      | $2685150.00   | 0.83%             | 2027-01-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NAVIENT CORP                         | Navient Corp                                               | CUSIP: 63938CAN8<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |   1475000 | PA      | $1568376.35   | 0.48%             | 2030-07-25      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| INSMED INC                           | Insmed Inc                                                 | CUSIP: 457669AB5<br>LEI: 529900Q55QAG41CCAC11 | Long             | DBT              | CORP              | US        |    700000 | PA      | $1575778.00   | 0.49%             | 2028-06-01      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| ALPHATEC HOLDINGS INC                | Alphatec Holdings Inc                                      | CUSIP: 02081GAC6<br>LEI: 549300EZE8CQ8K65FS24 | Long             | DBT              | CORP              | US        |   2360000 | PA      | $2326705.66   | 0.72%             | 2030-03-15      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| CITGO PETROLEUM CORP                 | CITGO Petroleum Corp                                       | CUSIP: 17302XAN6<br>LEI: YX52P86PXMLYDOTUQ225 | Long             | DBT              | CORP              | US        |   1715000 | PA      | $1715833.49   | 0.53%             | 2029-01-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| SHAKE SHACK INC                      | Shake Shack Inc                                            | CUSIP: 819047AB7<br>LEI: 529900J74GJAHYP80N79 | Long             | DBT              | CORP              | US        |   1450000 | PA      | $1335812.50   | 0.41%             | 2028-03-01      | None          | 0.00%                 | No            |                  2 | On Loan: —       |
| CCF HLDGS LLC WT CCF HLDGS LLC WTS C | CCF HLDGS LLC WT CCF HLDGS LLC WTS C                       | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |   1455681 | NC      | $29113.62     | 0.01%             |  |  |  | No            |                  3 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP               | CCO Holdings LLC / CCO Holdings Capital Corp               | CUSIP: 1248EPCT8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2295000 | PA      | $2363735.25   | 0.73%             | 2031-03-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: —       |
| ORGANON & CO/ORGANON FOR             | Organon & Co / Organon Foreign Debt Co-Issuer BV           | CUSIP: 68622FAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3110000 | PA      | $2864364.43   | 0.88%             | 2034-05-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: —       |
| WEATHERFORD INTERNATIONA             | Weatherford International Ltd                              | CUSIP: 947075AU1<br>LEI: 549300A2JKMG5PGOGF82 | Long             | DBT              | CORP              | BM        |   2410000 | PA      | $2388806.94   | 0.74%             | 2030-04-30      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| WILLIAMS SCOTSMAN INC                | Williams Scotsman Inc                                      | CUSIP: 96949VAN3<br>LEI: 549300DAKDS8SCO1OT57 | Long             | DBT              | CORP              | US        |   2770000 | PA      | $2820165.25   | 0.87%             | 2030-04-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| SYNAPTICS INC                        | Synaptics Inc                                              | CUSIP: 87157DAH2<br>LEI: 549300AJ3LI4FWNRQX29 | Long             | DBT              | CORP              | US        |   2005000 | PA      | $1762395.00   | 0.54%             | 2031-12-01      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| WAYFAIR INC                          | Wayfair Inc                                                | CUSIP: 94419LAP6<br>LEI: 54930027N9ZAVYFDHK53 | Long             | DBT              | CORP              | US        |   1755000 | PA      | $1631272.50   | 0.50%             | 2027-09-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| HP ENTERPRISE CO                     | Hewlett Packard Enterprise Co                              | CUSIP: 42824C208<br>LEI: 549300BX44RGX6ANDV88 | Long             | EP               | CORP              | US        |     40950 | NS      | $2055690.00   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| HUDBAY MINERALS INC                  | Hudbay Minerals Inc                                        | CUSIP: 443628AH5<br>LEI: 549300WI524AL577IX21 | Long             | DBT              | CORP              | CA        |   1720000 | PA      | $1712333.84   | 0.53%             | 2029-04-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| BRIDGEBIO PHARMA INC                 | Bridgebio Pharma Inc                                       | CUSIP: 10806XAH5<br>LEI: 54930028YG89VTY2J114 | Long             | DBT              | CORP              | US        |    870000 | PA      | $950124.32    | 0.29%             | 2031-03-01      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| LIBERTY MEDIA CORP                   | Liberty Media Corp-Liberty Formula One                     | CUSIP: 531229AQ5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1335000 | PA      | $1621234.99   | 0.50%             | 2027-08-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| SEAWORLD PARKS & ENTERTA             | SeaWorld Parks & Entertainment Inc                         | CUSIP: 81282UAG7<br>LEI: 549300UZV72O3371JJ53 | Long             | DBT              | CORP              | US        |   1765000 | PA      | $1677584.90   | 0.52%             | 2029-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MCAFEE CORP                          | McAfee Corp                                                | CUSIP: 579063AB4<br>LEI: 2549009UKR8UEZYVCR93 | Long             | DBT              | CORP              | US        |   2530000 | PA      | $2185380.93   | 0.67%             | 2030-02-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| ON SEMICONDUCTOR CORP                | ON Semiconductor Corp                                      | CUSIP: 682189AU9<br>LEI: ZV20P4CNJVT8V1ZGJ064 | Long             | DBT              | CORP              | US        |   1680000 | PA      | $1449840.00   | 0.45%             | 2029-03-01      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| GROUP 1 AUTOMOTIVE INC               | Group 1 Automotive Inc                                     | CUSIP: 398905AQ2<br>LEI: 549300US8QAZJLWYAF63 | Long             | DBT              | CORP              | US        |   2130000 | PA      | $2151762.21   | 0.66%             | 2030-01-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| SNOWFLAKE INC                        | Snowflake Inc                                              | CUSIP: 833445AC3<br>LEI: 254900CJNSY1K7T53Z16 | Long             | DBT              | CORP              | US        |   4075000 | PA      | $5055037.50   | 1.56%             | 2029-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SNAP INC                             | Snap Inc                                                   | CUSIP: 83304AAB2<br>LEI: 549300JNC0L6VP8A2Q35 | Long             | DBT              | CORP              | US        |   1730000 | PA      | $1656475.00   | 0.51%             | 2026-08-01      | Fixed         | 0.75%                 | No            |                  2 | On Loan: —       |
| AAR ESCROW ISSUER LLC                | AAR Escrow Issuer LLC                                      | CUSIP: 00253PAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2185000 | PA      | $2236750.70   | 0.69%             | 2029-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| LUMENTUM HOLDINGS INC                | Lumentum Holdings Inc                                      | CUSIP: 55024UAD1<br>LEI: 549300JLWRRC38DWEF52 | Long             | DBT              | CORP              | US        |   5895000 | PA      | $6072926.37   | 1.87%             | 2026-12-15      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| UPSTART HOLDINGS INC                 | Upstart Holdings Inc                                       | CUSIP: 91680MAE7<br>LEI: 549300WNB47JRNENIC75 | Long             | DBT              | CORP              | US        |   1535000 | PA      | $1285562.50   | 0.40%             | 2030-11-15      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| AVIS BUDGET CAR/FINANCE              | Avis Budget Car Rental LLC / Avis Budget Finance Inc       | CUSIP: 053773BH9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2875000 | PA      | $2856053.75   | 0.88%             | 2031-02-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| AXON ENTERPRISE INC                  | Axon Enterprise Inc                                        | CUSIP: 05464CAB7<br>LEI: 549300QP2IEEGFE16681 | Long             | DBT              | CORP              | US        |    415000 | PA      | $1124732.69   | 0.35%             | 2027-12-15      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| MICROSTRATEGY INC                    | MicroStrategy Inc                                          | CUSIP: 594972887<br>LEI: 549300WQTWEJUEHXQX21 | Long             | EP               | CORP              | US        |      9075 | NS      | $812212.50    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| RIVIAN AUTO INC                      | Rivian Automotive Inc                                      | CUSIP: 76954AAD5<br>LEI: 25490004LNKJ84MFYY24 | Long             | DBT              | CORP              | US        |   2795000 | PA      | $2532270.00   | 0.78%             | 2030-10-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| GUIDEWIRE SOFTWARE INC               | Guidewire Software Inc                                     | CUSIP: 40171VAB6<br>LEI: 549300WXSG0J8IXZCK32 | Long             | DBT              | CORP              | US        |   3060000 | PA      | $3364470.00   | 1.04%             | 2029-11-01      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| WELLTOWER OP LLC                     | Welltower OP LLC                                           | CUSIP: 95041AAD0<br>LEI: T6IZ0MBEG5ACZDTR7D06 | Long             | DBT              | CORP              | US        |   7220000 | PA      | $9617040.00   | 2.97%             | 2029-07-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| CCF HOLDINGS LLC CLASS M EQUITY      | CCF HOLDINGS LLC CLASS M EQUITY                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    879959 | NS      | $43997.95     | 0.01%             |  |  |  | No            |                  3 | On Loan: No      |
| NCL CORPORATION LTD                  | NCL Corp Ltd                                               | CUSIP: 62886HBD2<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |   3410000 | PA      | $3221529.10   | 0.99%             | 2027-02-15      | Fixed         | 1.12%                 | No            |                  2 | On Loan: No      |
| PERMIAN RESOURC OPTG LLC             | Permian Resources Operating LLC                            | CUSIP: 71424VAB6<br>LEI: 5493004CTVUMQLRPOE23 | Long             | DBT              | CORP              | US        |   2310000 | PA      | $2258945.54   | 0.70%             | 2033-02-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| AMERICAN AIRLINES GROUP              | American Airlines Group Inc                                | CUSIP: 02376RAF9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3560000 | PA      | $3556358.33   | 1.10%             | 2025-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| HALOZYME THERAPEUTICS IN             | Halozyme Therapeutics Inc                                  | CUSIP: 40637HAD1<br>LEI: 529900242I3SV9AGM753 | Long             | DBT              | CORP              | US        |   4455000 | PA      | $4646412.02   | 1.43%             | 2027-03-01      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| PANTHER ESCROW ISSUER                | Panther Escrow Issuer LLC                                  | CUSIP: 69867RAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3280000 | PA      | $3360343.60   | 1.04%             | 2031-06-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| MEDLINE BORROWER LP                  | Medline Borrower LP                                        | CUSIP: 62482BAB8<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |   3285000 | PA      | $3119559.58   | 0.96%             | 2029-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| IMAX CORP                            | IMAX Corp                                                  | CUSIP: 45245EAJ8<br>LEI: 5493002KS2T1Q0X7VZ21 | Long             | DBT              | CORP              | CA        |   2315000 | PA      | $2459687.50   | 0.76%             | 2026-04-01      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| NUTANIX INC                          | Nutanix Inc                                                | CUSIP: 67059NAJ7<br>LEI: 549300X7J6E8TKVIXW09 | Long             | DBT              | CORP              | US        |   3395000 | PA      | $3664426.52   | 1.13%             | 2029-12-15      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CO                          | Southern Co/The                                            | CUSIP: 842587DP9<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |   5490000 | PA      | $6159780.00   | 1.90%             | 2025-12-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| COINBASE GLOBAL INC                  | Coinbase Global Inc                                        | CUSIP: 19260QAB3<br>LEI: 5493004G3J2SC154DU06 | Long             | DBT              | CORP              | US        |   4850000 | PA      | $4857275.00   | 1.50%             | 2026-06-01      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| REXFORD INDUSTRIAL REALT             | Rexford Industrial Realty LP                               | CUSIP: 76169XAD6<br>LEI: 549300028US163ELJN70 | Long             | DBT              | CORP              | US        |   3965000 | PA      | $3913455.00   | 1.21%             | 2027-03-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| BRIDGEBIO PHARMA INC                 | Bridgebio Pharma Inc                                       | CUSIP: 10806XAB8<br>LEI: 54930028YG89VTY2J114 | Long             | DBT              | CORP              | US        |   1795000 | PA      | $2143230.00   | 0.66%             | 2027-03-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| VIRGIN MEDIA SECURED FIN             | Virgin Media Secured Finance PLC                           | CUSIP: 92769XAP0<br>LEI: 213800X3RLP4NOTPY579 | Long             | DBT              | CORP              | GB        |   2425000 | PA      | $2334822.69   | 0.72%             | 2029-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                | Wells Fargo & Co                                           | CUSIP: 949746804<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EP               | CORP              | US        |      7970 | NS      | $9261140.00   | 2.86%             |  |  |  | No            |                  1 | On Loan: No      |
| ARSENAL AIC PARENT LLC               | Arsenal AIC Parent LLC                                     | CUSIP: 04288BAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1620000 | PA      | $1677294.54   | 0.52%             | 2030-10-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| EXACT SCIENCES CORP                  | Exact Sciences Corp                                        | CUSIP: 30063PAE5<br>LEI: 549300VM3X1FYD4N9Z14 | Long             | DBT              | CORP              | US        |   2415000 | PA      | $2099601.00   | 0.65%             | 2031-04-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| PG&E CORP                            | PG&E Corp                                                  | CUSIP: 69331CAL2<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | DBT              | CORP              | US        |   4185000 | PA      | $4347796.50   | 1.34%             | 2027-12-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| SEMTECH CORP                         | Semtech Corp                                               | CUSIP: 816850AF8<br>LEI: 549300J7WUY317SW6O61 | Long             | DBT              | CORP              | US        |   1560000 | PA      | $1832220.00   | 0.57%             | 2027-11-01      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| SM ENERGY CO                         | SM Energy Co                                               | CUSIP: 78454LAY6<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |   1705000 | PA      | $1571794.27   | 0.49%             | 2032-08-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: —       |
| GOODYEAR TIRE & RUBBER               | Goodyear Tire & Rubber Co/The                              | CUSIP: 382550BR1<br>LEI: 5493002BI0S2ZQUY3437 | Long             | DBT              | CORP              | US        |   2265000 | PA      | $2110013.75   | 0.65%             | 2031-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: —       |
| NEXSTAR MEDIA INC                    | Nexstar Media Inc                                          | CUSIP: 65343HAA9<br>LEI: 5493006PK6I4I2OOT688 | Long             | DBT              | CORP              | US        |   2120000 | PA      | $2100180.44   | 0.65%             | 2027-07-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| SNAP INC                             | Snap Inc                                                   | CUSIP: 83304AAL0<br>LEI: 549300JNC0L6VP8A2Q35 | Long             | DBT              | CORP              | US        |   1705000 | PA      | $1702843.86   | 0.53%             | 2033-03-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| NORTHERN OIL & GAS INC               | Northern Oil & Gas Inc                                     | CUSIP: 665530AB7<br>LEI: OKFF0PIZDDMNH4UCYE51 | Long             | DBT              | CORP              | US        |   1650000 | PA      | $1585204.55   | 0.49%             | 2031-06-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| PERFORMANCE FOOD GROUP I             | Performance Food Group Inc                                 | CUSIP: 71376LAF7<br>LEI: 549300OMUOGBYK0FFO76 | Long             | DBT              | CORP              | US        |   2320000 | PA      | $2320689.04   | 0.72%             | 2032-09-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| SEAGATE HDD CAYMAN                   | Seagate HDD Cayman                                         | CUSIP: 81180WBL4<br>LEI: 529900BD50TRWEG1SF63 | Long             | DBT              | CORP              | KY        |   2520000 | PA      | $3187800.00   | 0.98%             | 2028-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| SHOPIFY INC                          | Shopify Inc                                                | CUSIP: 82509LAA5<br>LEI: 549300HGQ43STJLLP808 | Long             | DBT              | CORP              | CA        |   3175000 | PA      | $3162300.00   | 0.98%             | 2025-11-01      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| SEA LTD                              | Sea Ltd                                                    | CUSIP: 81141RAF7<br>LEI: 529900OM6JLLW44YKI15 | Long             | DBT              | CORP              | KY        |   1105000 | PA      | $1672970.00   | 0.52%             | 2025-12-01      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| NATIONSTAR MTG HLD INC               | Nationstar Mortgage Holdings Inc                           | CUSIP: 63861CAF6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3720000 | PA      | $3859139.16   | 1.19%             | 2032-02-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| IREN LTD                             | IREN Ltd                                                   | CUSIP: 46270CAA7<br>LEI: 254900FZF02RB3NNGB71 | Long             | DBT              | CORP              | AU        |   1050000 | PA      | $760620.00    | 0.23%             | 2030-06-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| UKG INC                              | UKG Inc                                                    | CUSIP: 90279XAA0<br>LEI: 529900FKHWSTQ1GXK240 | Long             | DBT              | CORP              | US        |   2240000 | PA      | $2304498.56   | 0.71%             | 2031-02-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| STONEPEAK NILE PARENT                | Stonepeak Nile Parent LLC                                  | CUSIP: 861932AA9<br>LEI: 254900TJV3VAFZD0GU41 | Long             | DBT              | CORP              | US        |   2225000 | PA      | $2258931.25   | 0.70%             | 2032-03-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| CHART INDUSTRIES INC                 | Chart Industries Inc                                       | CUSIP: 16115QAF7<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | DBT              | CORP              | US        |   3200000 | PA      | $3319963.07   | 1.02%             | 2030-01-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| REPLIGEN CORP                        | Repligen Corp                                              | CUSIP: 759916AD1<br>LEI: 54930006QJ0T5AUO1E71 | Long             | DBT              | CORP              | US        |   1365000 | PA      | $1393480.74   | 0.43%             | 2028-12-15      | Fixed         | 1.00%                 | No            |                  2 | On Loan: —       |
| OSI SYSTEMS INC                      | OSI Systems Inc                                            | CUSIP: 671044AE5<br>LEI: DDX3MPX1Y8YD30050X33 | Long             | DBT              | CORP              | US        |   2285000 | PA      | $2901958.43   | 0.90%             | 2029-08-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: —       |
| PARSONS CORP                         | Parsons Corp                                               | CUSIP: 70202LAD4<br>LEI: 549300ZXH0VRBSEPX752 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1264800.00   | 0.39%             | 2029-03-01      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| RIVIAN AUTO INC                      | Rivian Automotive Inc                                      | CUSIP: 76954AAB9<br>LEI: 25490004LNKJ84MFYY24 | Long             | DBT              | CORP              | US        |   2570000 | PA      | $2623006.25   | 0.81%             | 2029-03-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| IRHYTHM TECHNOLOGIES INC             | iRhythm Technologies Inc                                   | CUSIP: 450056AB2<br>LEI: 549300FJI72RJGDQS384 | Long             | DBT              | CORP              | US        |   1750000 | PA      | $1823074.70   | 0.56%             | 2029-09-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| COMPASS GROUP DIVERSIFIE             | Compass Group Diversified Holdings LLC                     | CUSIP: 20451RAB8<br>LEI: 549300I6PTUQPX21TE93 | Long             | DBT              | CORP              | US        |   1895000 | PA      | $1787633.66   | 0.55%             | 2029-04-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SEAGATE HDD CAYMAN                   | Seagate HDD Cayman                                         | CUSIP: 81180WBP5<br>LEI: 529900BD50TRWEG1SF63 | Long             | DBT              | CORP              | KY        |   3345000 | PA      | $3578179.95   | 1.10%             | 2031-07-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| CONCENTRA HEALTH SERVICE             | Concentra Health Services Inc                              | CUSIP: 20600DAA1<br>LEI: 984500GB84105F75DE32 | Long             | DBT              | CORP              | US        |   2195000 | PA      | $2247233.43   | 0.69%             | 2032-07-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| LIGHT & WONDER INTL INC              | Light & Wonder International Inc                           | CUSIP: 80874YBC3<br>LEI: RLTHESQ0RNFQJWPBJN60 | Long             | DBT              | CORP              | US        |   2800000 | PA      | $2800632.80   | 0.86%             | 2028-05-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| GUARDANT HEALTH INC                  | Guardant Health Inc                                        | CUSIP: 40131MAD1<br>LEI: 254900M8C3E5VC8BR186 | Long             | DBT              | CORP              | US        |   1730000 | PA      | $1856982.29   | 0.57%             | 2031-02-15      | Fixed         | 1.25%                 | No            |                  2 | On Loan: —       |
| TENNECO INC                          | Tenneco Inc                                                | CUSIP: 880349AU9<br>LEI: 549300U0EXXFAQFAD785 | Long             | DBT              | CORP              | US        |   1595000 | PA      | $1523725.51   | 0.47%             | 2028-11-17      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| TEGNA INC                            | TEGNA Inc                                                  | CUSIP: 87901JAH8<br>LEI: 549300YC5EDBGX85AO10 | Long             | DBT              | CORP              | US        |   2435000 | PA      | $2268143.35   | 0.70%             | 2029-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: —       |
| DEXCOM INC                           | Dexcom Inc                                                 | CUSIP: 252131AK3<br>LEI: 549300YSK3QDSFR5EU59 | Long             | DBT              | CORP              | US        |   4625000 | PA      | $4497779.71   | 1.39%             | 2025-11-15      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| EQUIPMENTSHARE.COM INC               | EquipmentShare.com Inc                                     | CUSIP: 29450YAB5<br>LEI: 254900PWJK48CGPKPI80 | Long             | DBT              | CORP              | US        |   2995000 | PA      | $3057682.36   | 0.94%             | 2032-05-15      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| NCL CORPORATION LTD                  | NCL Corp Ltd                                               | CUSIP: 62886HBR1<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |   3295000 | PA      | $3217368.19   | 0.99%             | 2032-02-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| QUIKRETE HOLDINGS INC                | Quikrete Holdings Inc                                      | CUSIP: 74843PAB6<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |   2825000 | PA      | $2835567.87   | 0.87%             | 2033-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| BLOOM ENERGY CORP                    | Bloom Energy Corp                                          | CUSIP: 093712AL1<br>LEI: 549300XB5J9BFW5JXV97 | Long             | DBT              | CORP              | US        |   1465000 | PA      | $1748770.50   | 0.54%             | 2029-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FRONTIER COMMUNICATIONS              | Frontier Communications Holdings LLC                       | CUSIP: 35908MAD2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1595000 | PA      | $1669701.83   | 0.52%             | 2030-05-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| AST SPACEMOBILE INC                  | AST SpaceMobile Inc                                        | CUSIP: 00217DAA8<br>LEI: 254900MBSC9P2UCI6623 | Long             | DBT              | CORP              | US        |    800000 | PA      | $937600.00    | 0.29%             | 2032-03-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| BlackRock Liquidity FedFund          | BlackRock Liquidity FedFund                                | CUSIP: 09248U700<br>LEI: 549300T8K043VZEOVK74 | Long             | STIV             | RF                | US        |  14416236 | NS      | $14416235.57  | 4.45%             |  |  |  | No            |                  1 | On Loan: No      |
| USA COM PART/USA COM FIN             | USA Compression Partners LP / USA Compression Finance Corp | CUSIP: 91740PAF5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1095000 | PA      | $1085709.03   | 0.34%             | 2027-09-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| UNITED STATES STEEL CORP             | United States Steel Corp                                   | CUSIP: 912909AT5<br>LEI: JNLUVFYJT1OZSIQ24U47 | Long             | DBT              | CORP              | US        |    495000 | PA      | $1617412.50   | 0.50%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SHIFT4 PAYMENTS INC                  | Shift4 Payments Inc                                        | CUSIP: 82452JAD1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3905000 | PA      | $3951860.00   | 1.22%             | 2027-08-01      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| UBER TECHNOLOGIES INC                | Uber Technologies Inc                                      | CUSIP: 90353TAM2<br>LEI: 549300B2FTG34FILDR98 | Long             | DBT              | CORP              | US        |    670000 | PA      | $878035.00    | 0.27%             | 2028-12-01      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                 | OneMain Finance Corp                                       | CUSIP: 682691AG5<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |   3275000 | PA      | $3288525.75   | 1.01%             | 2031-11-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: —       |
| SHIFT4 PAYMENTS LLC/FIN              | Shift4 Payments LLC / Shift4 Payments Finance Sub Inc      | CUSIP: 82453AAB3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3380000 | PA      | $3428155.40   | 1.06%             | 2032-08-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| BOMBARDIER INC                       | Bombardier Inc                                             | CUSIP: 097751BZ3<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |   2865000 | PA      | $2951216.45   | 0.91%             | 2029-02-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: —       |
| WOLFSPEED INC                        | Wolfspeed Inc                                              | CUSIP: 977852AB8<br>LEI: 549300OGU88P3AW3TO93 | Long             | DBT              | CORP              | US        |   2520000 | PA      | $808920.00    | 0.25%             | 2028-02-15      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| UGI CORP                             | UGI Corp                                                   | CUSIP: 902681AA3<br>LEI: DX6GCWD4Q1JO9CRE5I40 | Long             | DBT              | CORP              | US        |   2485000 | PA      | $3176575.50   | 0.98%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INC                    | Iron Mountain Inc                                          | CUSIP: 46284VAP6<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              | CORP              | US        |   2840000 | PA      | $2916975.36   | 0.90%             | 2029-02-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CHURCHILL DOWNS INC                  | Churchill Downs Inc                                        | CUSIP: 171484AJ7<br>LEI: 529900FODTBQC8MIS994 | Long             | DBT              | CORP              | US        |   1090000 | PA      | $1100874.93   | 0.34%             | 2031-05-01      | 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        |   1745000 | PA      | $1590967.82   | 0.49%             | 2032-02-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| ITRON INC                            | Itron Inc                                                  | CUSIP: 465741AP1<br>LEI: 24F6LSZD18II6ICG6S41 | Long             | DBT              | CORP              | US        |   1535000 | PA      | $1673287.44   | 0.52%             | 2030-07-15      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| CHART INDUSTRIES INC                 | Chart Industries Inc                                       | CUSIP: 16115Q407<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | EP               | CORP              | US        |     11300 | NS      | $597996.00    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| UBER TECHNOLOGIES INC                | Uber Technologies Inc                                      | CUSIP: 90353TAJ9<br>LEI: 549300B2FTG34FILDR98 | Long             | DBT              | CORP              | US        |   5130000 | PA      | $5740470.00   | 1.77%             | 2025-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ENTEGRIS INC                         | Entegris Inc                                               | CUSIP: 29365BAB9<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | DBT              | CORP              | US        |   1875000 | PA      | $1871089.69   | 0.58%             | 2030-06-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| TXNM ENERGY INC                      | TXNM Energy Inc                                            | CUSIP: 69349HAE7<br>LEI: 5493003JOBJGLZSDDQ28 | Long             | DBT              | CORP              | US        |   2215000 | PA      | $2755017.00   | 0.85%             | 2054-06-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| WASTE PRO USA INC                    | Waste Pro USA Inc                                          | CUSIP: 94107JAC7<br>LEI: 549300BY1QXU5BI3UF28 | Long             | DBT              | CORP              | US        |   1985000 | PA      | $2025257.79   | 0.62%             | 2033-02-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| LiveStyle Inc. Common Stock          | LiveStyle Inc. Common Stock                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     90407 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| DRAFTKINGS HOLDINGS INC              | DraftKings Holdings Inc                                    | CUSIP: 26142RAB0<br>LEI: 5493008P45UYYL683Z97 | Long             | DBT              | CORP              | US        |   5285000 | PA      | $4636743.49   | 1.43%             | 2028-03-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ARES MANAGEMENT CORP                 | Ares Management Corp                                       | CUSIP: 03990B309<br>LEI: 529900JUV61FH7B8VW38 | Long             | EP               | CORP              | US        |     51255 | NS      | $2530459.35   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| BOEING CO/THE                        | Boeing Co/The                                              | CUSIP: 097023204<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | EP               | CORP              | US        |    162295 | NS      | $9961667.10   | 3.07%             |  |  |  | No            |                  1 | On Loan: No      |
| CCF Holdings LLC                     | CCF Holdings LLC                                           | CUSIP: 12509J208<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   7808320 | NS      | $390416.00    | 0.12%             |  |  |  | No            |                  3 | On Loan: No      |
| PAR TECHNOLOGY CORP                  | PAR Technology Corp                                        | CUSIP: 698884AE3<br>LEI: 549300HYPTHBJQINVG57 | Long             | DBT              | CORP              | US        |   2690000 | PA      | $2830600.01   | 0.87%             | 2027-10-15      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| LIBERTY BROADBAND CORP               | Liberty Broadband Corp                                     | CUSIP: 530307AE7<br>LEI: 549300MIX43II8JLN536 | Long             | DBT              | CORP              | US        |   5795000 | PA      | $5856057.39   | 1.81%             | 2053-03-31      | Fixed         | 3.12%                 | No            |                  2 | On Loan: —       |
| ALBEMARLE CORP                       | Albemarle Corp                                             | CUSIP: 012653200<br>LEI: HDBLS2Q6GV1LSKQPBS54 | Long             | EP               | CORP              | US        |     36800 | NS      | $1127184.00   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| MAGNITE INC                          | Magnite Inc                                                | CUSIP: 55955DAB6<br>LEI: 54930018FR2YX1HHSB02 | Long             | DBT              | CORP              | US        |   1735000 | PA      | $1654842.29   | 0.51%             | 2026-03-15      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| CAPSTONE COPPER CORP                 | Capstone Copper Corp                                       | CUSIP: 14071LAA6<br>LEI: 549300III6KGKKC42W63 | Long             | DBT              | CORP              | CA        |   1685000 | PA      | $1655611.53   | 0.51%             | 2033-03-31      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ALIBABA GROUP HOLDING                | Alibaba Group Holding Ltd                                  | CUSIP: 01609WBF8<br>LEI: 5493001NTNQJDH60PM02 | Long             | DBT              | CORP              | KY        |    525000 | PA      | $689850.00    | 0.21%             | 2031-06-01      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| ADVANCED ENERGY IND                  | Advanced Energy Industries Inc                             | CUSIP: 007973AE0<br>LEI: 549300756XI3QLFT2U27 | Long             | DBT              | CORP              | US        |   2170000 | PA      | $2277290.40   | 0.70%             | 2028-09-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| STRIDE INC                           | Stride Inc                                                 | CUSIP: 86333MAA6<br>LEI: 254900BRWS3AFONWU277 | Long             | DBT              | CORP              | US        |    545000 | PA      | $1488395.00   | 0.46%             | 2027-09-01      | Fixed         | 1.12%                 | No            |                  2 | On Loan: No      |
| SOFI TECHNOLOGIES INC                | SoFi Technologies Inc                                      | CUSIP: 83406FAA0<br>LEI: 549300SW81JCMVZDDY09 | Long             | DBT              | CORP              | US        |   3710000 | PA      | $3722985.00   | 1.15%             | 2026-10-15      | None          | 0.00%                 | No            |                  2 | On Loan: —       |
| PENNYMAC FIN SVCS INC                | PennyMac Financial Services Inc                            | CUSIP: 70932MAD9<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |   2330000 | PA      | $2429263.15   | 0.75%             | 2029-12-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| EXPEDIA GROUP INC                    | Expedia Group Inc                                          | CUSIP: 30212PBE4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1875000 | PA      | $1828999.35   | 0.56%             | 2026-02-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY INC                   | NextEra Energy Inc                                         | CUSIP: 65339F713<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EP               | CORP              | US        |     59690 | NS      | $2298065.00   | 0.71%             |  |  |  | No            |                  1 | On Loan: —       |
| SPOTIFY USA INC                      | Spotify USA Inc                                            | CUSIP: 84921RAB6<br>LEI: 2138008WM218QBKRII94 | Long             | DBT              | CORP              | US        |   1210000 | PA      | $1557996.00   | 0.48%             | 2026-03-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Erickson Inc                         | Erickson Inc                                               | CUSIP: 29482Y200<br>LEI: 54930048K1C8M9G3EI51 | Long             | EC               | CORP              | US        |      8295 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| FORTRESS TRANS & INFRAST             | Fortress Transportation and Infrastructure Investors LLC   | CUSIP: 34960PAE1<br>LEI: 529900E7PUVK6BC8PE80 | Long             | DBT              | CORP              | US        |   3705000 | PA      | $3873395.96   | 1.20%             | 2030-12-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| POST HOLDINGS INC                    | Post Holdings Inc                                          | CUSIP: 737446AV6<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |   3365000 | PA      | $3327171.34   | 1.03%             | 2033-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| ALNYLAM PHARMACEUTICALS              | Alnylam Pharmaceuticals Inc                                | CUSIP: 02043QAB3<br>LEI: 529900S3ZI14OWRJII50 | Long             | DBT              | CORP              | US        |   3225000 | PA      | $3697344.56   | 1.14%             | 2027-09-15      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| AMERICAN WATER CAPITAL C             | American Water Capital Corp                                | CUSIP: 03040WBE4<br>LEI: 5IDHQUFVC8Q2KIBBFF06 | Long             | DBT              | CORP              | US        |   3015000 | PA      | $3105450.00   | 0.96%             | 2026-06-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| PALO ALTO NETWORKS                   | Palo Alto Networks Inc                                     | CUSIP: 697435AF2<br>LEI: 549300QXR2YVZV231H43 | Long             | DBT              | CORP              | US        |    535000 | PA      | $1997583.67   | 0.62%             | 2025-06-01      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| TRIVIUM PACKAGING FIN                | Trivium Packaging Finance BV                               | CUSIP: 89686QAB2<br>LEI: 724500GMZWW3PVYET548 | Long             | DBT              | CORP              | NL        |   1165000 | PA      | $1151465.26   | 0.36%             | 2027-08-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| DIGITAL REALTY TRUST LP              | Digital Realty Trust LP                                    | CUSIP: 25389JAX4<br>LEI: CD4SPTZ3YBTHY0C1AH38 | Long             | DBT              | CORP              | US        |   4225000 | PA      | $4390197.50   | 1.35%             | 2029-11-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: —       |
| GALAXY DIGITAL HOLDIN LP             | Galaxy Digital Holdings LP                                 | CUSIP: 36317GAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |   2675000 | PA      | $2589400.00   | 0.80%             | 2029-12-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| CLOUD SOFTWARE GRP INC               | Cloud Software Group Inc                                   | CUSIP: 88632QAE3<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |   2215000 | PA      | $2215794.90   | 0.68%             | 2029-03-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| BLOCK INC                            | Block Inc                                                  | CUSIP: 852234AJ2<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |   4260000 | PA      | $4038480.00   | 1.25%             | 2026-05-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| INTERDIGITAL INC                     | InterDigital Inc                                           | CUSIP: 45867GAD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    225000 | PA      | $587537.21    | 0.18%             | 2027-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| MP MATERIALS CORP                    | MP Materials Corp                                          | CUSIP: 553368AC5<br>LEI: 89450063PHPS61USMT84 | Long             | DBT              | CORP              | US        |   1035000 | PA      | $1440202.50   | 0.44%             | 2030-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| PRA GROUP INC                        | PRA Group Inc                                              | CUSIP: 69354NAE6<br>LEI: 549300Q5HW3JSSB86K27 | Long             | DBT              | CORP              | US        |   1545000 | PA      | $1560450.00   | 0.48%             | 2028-02-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| STATION CASINOS LLC                  | Station Casinos LLC                                        | CUSIP: 857691AJ8<br>LEI: 5493004E7Q60TX54WL62 | Long             | DBT              | CORP              | US        |   1135000 | PA      | $1128416.55   | 0.35%             | 2032-03-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: —       |
| SUNOCO LP                            | Sunoco LP                                                  | CUSIP: 86765KAD1<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |   2220000 | PA      | $2217010.79   | 0.68%             | 2033-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| XPO INC                              | XPO Inc                                                    | CUSIP: 98379KAB8<br>LEI: 54930096DB9LCLPN7H13 | Long             | DBT              | CORP              | US        |   2650000 | PA      | $2713067.35   | 0.84%             | 2031-06-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: —       |
| XOMETRY INC                          | Xometry Inc                                                | CUSIP: 98423FAB5<br>LEI: 5493006JFRGU7YRRXE44 | Long             | DBT              | CORP              | US        |   2925000 | PA      | $2799073.63   | 0.86%             | 2027-02-01      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| BRIGHTSPRING HEALTH SERV             | BrightSpring Health Services Inc                           | CUSIP: 10950A205<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     33945 | NS      | $2128351.50   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| IRON MOUNTAIN INC                    | Iron Mountain Inc                                          | CUSIP: 46284VAQ4<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              | CORP              | US        |   1725000 | PA      | $1721844.46   | 0.53%             | 2033-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| TRONOX INC                           | Tronox Inc                                                 | CUSIP: 897051AC2<br>LEI: 549300EPZ4YXC7E5P181 | Long             | DBT              | CORP              | US        |   1795000 | PA      | $1453007.21   | 0.45%             | 2029-03-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: —       |
| MICROSTRATEGY INC                    | MicroStrategy Inc                                          | CUSIP: 594972AR2<br>LEI: 549300WQTWEJUEHXQX21 | Long             | DBT              | CORP              | US        |   7355000 | PA      | $6688637.00   | 2.06%             | 2029-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP               | CCO Holdings LLC / CCO Holdings Capital Corp               | CUSIP: 1248EPCS0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1700000 | PA      | $1715230.30   | 0.53%             | 2029-09-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| GEN DIGITAL INC                      | Gen Digital Inc                                            | CUSIP: 668771AL2<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | DBT              | CORP              | US        |   3180000 | PA      | $3274197.96   | 1.01%             | 2030-09-30      | Fixed         | 7.12%                 | No            |                  2 | On Loan: —       |
| LIVE NATION ENTERTAINMEN             | Live Nation Entertainment Inc                              | CUSIP: 538034BB4<br>LEI: 5493007B9BM9ZXJINO78 | Long             | DBT              | CORP              | US        |   7600000 | PA      | $7858400.00   | 2.42%             | 2030-01-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| GARRETT MOTION HLD/SARL              | Garrett Motion Holdings Inc / Garrett LX I Sarl            | CUSIP: 366504AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1105000 | PA      | $1102775.31   | 0.34%             | 2032-05-31      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| ALIGNMENT HEALTHCARE                 | Alignment Healthcare Inc                                   | CUSIP: 01625VAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1110000 | PA      | $1567320.00   | 0.48%             | 2029-11-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| ON SEMICONDUCTOR CORP                | ON Semiconductor Corp                                      | CUSIP: 682189AS4<br>LEI: ZV20P4CNJVT8V1ZGJ064 | Long             | DBT              | CORP              | US        |   1720000 | PA      | $1835928.00   | 0.57%             | 2027-05-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| LIONS GATE CAPITAL HOL 1             | Lions Gate Capital Holdings 1 Inc                          | CUSIP: 535939AA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1455000 | PA      | $1313137.50   | 0.41%             | 2029-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ENVISTA HOLDINGS CORP                | Envista Holdings Corp                                      | CUSIP: 29415FAB0<br>LEI: 549300BX623VURJZ5269 | Long             | DBT              | CORP              | US        |   1640000 | PA      | $1629832.00   | 0.50%             | 2025-06-01      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| WESCO DISTRIBUTION INC               | WESCO Distribution Inc                                     | CUSIP: 95081QAS3<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |   1700000 | PA      | $1719738.70   | 0.53%             | 2033-03-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| WESTERN DIGITAL CORP                 | Western Digital Corp                                       | CUSIP: 958102AT2<br>LEI: 549300QQXOOYEF89IC56 | Long             | DBT              | CORP              | US        |   1805000 | PA      | $2449385.00   | 0.76%             | 2028-11-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| GRAY MEDIA INC                       | Gray Media Inc                                             | CUSIP: 389284AA8<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |   2215000 | PA      | $2154875.15   | 0.66%             | 2027-05-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL REALTY OP LP                 | Federal Realty OP LP                                       | CUSIP: 313747BD8<br>LEI: 549300LI6XZ51GOCJ427 | Long             | DBT              | CORP              | US        |   1150000 | PA      | $1145400.00   | 0.35%             | 2029-01-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| SUPER MICRO COMPUTER INC             | Super Micro Computer Inc                                   | CUSIP: 86800UAB0<br>LEI: 54930022CZO1N2UGVW07 | Long             | DBT              | CORP              | US        |   1630000 | PA      | $1501932.37   | 0.46%             | 2029-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| MERIT MEDICAL SYSTEMS IN             | Merit Medical Systems Inc                                  | CUSIP: 589889AA2<br>LEI: 549300OYTY138SP2CE83 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1527600.00   | 0.47%             | 2029-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| INSULET CORPORATION                  | Insulet Corp                                               | CUSIP: 45784PAK7<br>LEI: 549300TZTYD2PYN92D43 | Long             | DBT              | CORP              | US        |   1770000 | PA      | $2189221.33   | 0.68%             | 2026-09-01      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| AXON ENTERPRISE INC                  | Axon Enterprise Inc                                        | CUSIP: 05464CAD3<br>LEI: 549300QP2IEEGFE16681 | Long             | DBT              | CORP              | US        |   1690000 | PA      | $1722493.63   | 0.53%             | 2033-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES              | Royal Caribbean Cruises Ltd                                | CUSIP: 780153BQ4<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |    255000 | PA      | $1100325.00   | 0.34%             | 2025-08-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| VIAVI SOLUTIONS INC                  | Viavi Solutions Inc                                        | CUSIP: 925550AH8<br>LEI: 5493006K3E3N1QOBF092 | Long             | DBT              | CORP              | US        |   1740000 | PA      | $1820145.55   | 0.56%             | 2026-03-15      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| PG&E CORP                            | PG&E Corp                                                  | CUSIP: 69331C306<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | EP               | CORP              | US        |     66420 | NS      | $2888605.80   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| CLOUDFLARE INC                       | Cloudflare Inc                                             | CUSIP: 18915MAC1<br>LEI: 5493007DY18BGNLDWU14 | Long             | DBT              | CORP              | US        |   4075000 | PA      | $4140200.00   | 1.28%             | 2026-08-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| TRAVERE THERAPEUTICS INC             | Travere Therapeutics Inc                                   | CUSIP: 89422GAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1895000 | PA      | $1913343.58   | 0.59%             | 2029-03-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| AMER SPORTS COMPANY                  | Amer Sports Co                                             | CUSIP: 02352NAA7<br>LEI: 549300NRKH9WF70VFC95 | Long             | DBT              | CORP              | US        |   1615000 | PA      | $1632781.15   | 0.50%             | 2031-02-16      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| DREYFUS GOVERNMENT CASH MANAGE       | DREYFUS GOVERNMENT CASH MANAGE                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   9873227 | NS      | $9873227.37   | 3.05%             |  |  |  | No            |                  1 | On Loan: No      |
| TRANSOCEAN TITAN FIN LTD             | Transocean Titan Financing Ltd                             | CUSIP: 89386MAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |   2162381 | PA      | $2142166.80   | 0.66%             | 2028-02-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| CLARIOS GLOBAL LP/US FIN             | Clarios Global LP / Clarios US Finance Co                  | CUSIP: 69867DAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |   2685000 | PA      | $2694864.69   | 0.83%             | 2027-05-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| LiveStyle Inc. Series B Preferred    | LiveStyle Inc. Series B Preferred                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |      4196 | NS      | $419600.00    | 0.13%             |  |  |  | Yes           |                  3 | On Loan: No      |
| CIVITAS RESOURCES INC                | Civitas Resources Inc                                      | CUSIP: 17888HAB9<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |   3250000 | PA      | $3089216.65   | 0.95%             | 2031-07-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| INSULET CORPORATION                  | Insulet Corp                                               | CUSIP: 45784PAL5<br>LEI: 549300TZTYD2PYN92D43 | Long             | DBT              | CORP              | US        |   2170000 | PA      | $2213842.68   | 0.68%             | 2033-04-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| KKR & CO INC                         | KKR & Co Inc                                               | CUSIP: 48251W500<br>LEI: 54930013V5I303TF9571 | Long             | EP               | CORP              | US        |     65035 | NS      | $3117127.55   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| ADIENT GLOBAL HOLDINGS               | Adient Global Holdings Ltd                                 | CUSIP: 00687YAD7<br>LEI: 213800VA38VCKE6M8790 | Long             | DBT              | CORP              | JE        |   1700000 | PA      | $1610882.86   | 0.50%             | 2033-02-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: —       |
| NEXTERA ENERGY CAPITAL               | NextEra Energy Capital Holdings Inc                        | CUSIP: 65339KCY4<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |   4290000 | PA      | $4798365.00   | 1.48%             | 2027-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BUILDERS FIRSTSOURCE INC             | Builders FirstSource Inc                                   | CUSIP: 12008RAR8<br>LEI: 549300W0SKP6L3H7DP63 | Long             | DBT              | CORP              | US        |   2820000 | PA      | $2835904.80   | 0.88%             | 2032-06-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: —       |
| BATH & BODY WORKS INC                | Bath & Body Works Inc                                      | CUSIP: 501797AW4<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | DBT              | CORP              | US        |   1175000 | PA      | $1195687.05   | 0.37%             | 2030-10-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: —       |
| M/A-COM TECH SOLUTIONS               | MACOM Technology Solutions Holdings Inc                    | CUSIP: 55405YAC4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2605000 | PA      | $2432806.58   | 0.75%             | 2029-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CHEMOURS CO                          | Chemours Co/The                                            | CUSIP: 163851AJ7<br>LEI: 549300M1BOLNXL8DOV14 | Long             | DBT              | CORP              | US        |   2330000 | PA      | $2099607.27   | 0.65%             | 2033-01-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| SIRIUS XM RADIO LLC                  | Sirius XM Radio LLC                                        | CUSIP: 82967NBC1<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |   3480000 | PA      | $3388237.27   | 1.05%             | 2029-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| AMKOR TECHNOLOGY INC                 | Amkor Technology Inc                                       | CUSIP: 031652BK5<br>LEI: 529900VHLRTKPWZJBM84 | Long             | DBT              | CORP              | US        |   1695000 | PA      | $1693378.22   | 0.52%             | 2027-09-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                        | TransDigm Inc                                              | CUSIP: 893647BT3<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   4770000 | PA      | $4957875.99   | 1.53%             | 2031-12-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| BURLINGTON STORES INC                | Burlington Stores Inc                                      | CUSIP: 122017AD8<br>LEI: 5299003Z37DVGKKC1W09 | Long             | DBT              | CORP              | US        |   1870000 | PA      | $2395470.00   | 0.74%             | 2027-12-15      | Fixed         | 1.25%                 | No            |                  2 | On Loan: —       |
| GRANITE CONSTRUCTION INC             | Granite Construction Inc                                   | CUSIP: 387328AE7<br>LEI: 549300OM4BWMCIXVCZ39 | Long             | DBT              | CORP              | US        |   2140000 | PA      | $2695330.00   | 0.83%             | 2030-06-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| ZSCALER INC.                         | Zscaler Inc                                                | CUSIP: 98980GAB8<br>LEI: 529900MZ0RTK1BWRNF46 | Long             | DBT              | CORP              | US        |   1755000 | PA      | $2633334.36   | 0.81%             | 2025-07-01      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-06-23

**Name of Applicant:** Virtus AllianzGI Convertible & Income Fund

**Signature:** Amy Hackett

**Name of Signer:** Amy Hackett

**Title:** Vice President and Assistant Treasurer