# EDGAR Filing Document

**Accession Number:** 0002025137
**File Stem:** 0001752724-25-204503
**Filing Date:** 2025-8
**Character Count:** 49920
**Document Hash:** 86608edbefe0cb1ded0097b577bfb7ed
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-204503.hdr.sgml**: 20250826

**ACCESSION NUMBER**: 0001752724-25-204503

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250826

**DATE AS OF CHANGE**: 20250826

**PERIOD START**: 20250630

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23968
- **FILM NUMBER:** 251254732

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

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

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

## Series and Classes Contracts Data

### Virtus Stone Harbor EMD MACS (Series ID: S000086628)

| Class ID   | Class Name                   | Ticker Symbol   |
|:---|:---|:---|
| C000252216 | Virtus Stone Harbor EMD MACS | VMALX           |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Virtus Managed Account Completion Shares (MACS) Trust

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

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

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

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

  - **Street Address 1:** 101 Munson Street

  - **City:** Greenfield

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 01301-9668

  - **Telephone number:** 860-263-4790

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

- **a. Name of Series:** Virtus Stone Harbor EMD MACS

- **b. EDGAR series identifier (if any):** S000086628

- **c. LEI of Series:** 25490072UI7JQLD4SX11

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $5267667.66

**Total Liabilities:** $158786.92

**Net Assets:** $5108880.74

**Cash Not Reported:** $157012.20

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.00000000 | **1-Year:** -6.18313367 | **5-Year:** -105.65668100 | **10-Year:** -665.99312910 | **30-Year:** -405.45954480

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

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** -257.48898580 | **10-Year:** -495.23336070 | **30-Year:** -308.90753550

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000252216 | -0.76%               | 0.64%                | 1.92%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-2107.56                | $-60369.36                                 |
| Month 2  | $958.70                  | $3793.77                                   |
| Month 3  | $-4639.27                | $76143.07                                  |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| MONG DUONG FIN HLDGS BV       | Mong Duong Finance Holdings BV                                                   | CUSIP: 60935DAA3<br>LEI: 549300995KGQFMWSV879 | Long             | DBT              | CORP              | NL        |     67760 | PA      | $66091.47     | 1.29%             | 2029-05-07      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| THAIOIL TRSRY CENTER          | Thaioil Treasury Center Co Ltd                                                   | CUSIP: 88323AAB8<br>LEI: 549300NH03B9E8VGJR89 | Long             | DBT              | CORP              | TH        |    100000 | PA      | $81142.00     | 1.59%             | 2043-01-23      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| 3R LUX SARL                   | 3R Lux SARL                                                                      | CUSIP: 88563PAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |     12000 | PA      | $12135.00     | 0.24%             | 2031-02-05      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| AI CANDELARIA -SPAIN- SA      | AI Candelaria -spain- SA                                                         | CUSIP: 00870WAA4<br>LEI: 213800L5KA2MJ5FKRZ02 | Long             | DBT              | CORP              | ES        |     39000 | PA      | $32623.50     | 0.64%             | 2033-06-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| SUZANO AUSTRIA GMBH           | Suzano Austria GmbH                                                              | CUSIP: 86964WAJ1<br>LEI: 254900287ZNSGVP1R341 | Long             | DBT              | CORP              | AT        |     55000 | PA      | $51308.13     | 1.00%             | 2031-01-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| FS LUXEMBOURG SARL            | FS Luxembourg Sarl                                                               | CUSIP: 30315XAC8<br>LEI: 222100EKR3JUJPGGOY81 | Long             | DBT              | CORP              | LU        |     32000 | PA      | $32780.00     | 0.64%             | 2031-02-12      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| FIRST QUANTUM MINERALS L      | First Quantum Minerals Ltd                                                       | CUSIP: 335934AT2<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |     38000 | PA      | $37861.30     | 0.74%             | 2027-10-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| ENN CLEAN ENERGY              | ENN Clean Energy International Investment Ltd                                    | CUSIP: 268733AA0<br>LEI: 3003009YZ3S5V395NR77 | Long             | DBT              | CORP              | VG        |     50000 | PA      | $49231.00     | 0.96%             | 2026-05-12      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| JBS USA HOLD/FOOD/LUX CO      | JBS USA Holding Lux Sarl/ JBS USA Food Co/ JBS Lux Co Sarl                       | CUSIP: 46590XAQ9<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |     18000 | PA      | $13873.96     | 0.27%             | 2052-02-02      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| VEDANTA RESOURCES             | Vedanta Resources Finance II PLC                                                 | CUSIP: 92243XAM3<br>LEI: 8945002DGA3BBXO3N634 | Long             | DBT              | CORP              | GB        |     50000 | PA      | $49812.50     | 0.98%             | 2030-07-24      | Fixed         | 9.47%                 | No            |                  2 | On Loan: No      |
| ACCESS BANK PLC               | Access Bank PLC                                                                  | CUSIP: 00434G2B5<br>LEI: 029200328C3N9YI2D660 | Long             | DBT              | CORP              | NG        |     15000 | PA      | $14625.00     | 0.29%             | 2026-09-21      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| KAZMUNAYGAS NATIONAL CO       | KazMunayGas National Co JSC                                                      | CUSIP: 48126PAA0<br>LEI: 2138001H1M69RFJCSH88 | Long             | DBT              | CORP              | KZ        |     55000 | PA      | $47472.15     | 0.93%             | 2033-04-14      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| VISTA OIL & GAS ARGENTIN      | Vista Energy Argentina SAU                                                       | CUSIP: 000000000<br>LEI: 549300FE4UJNCG1DB123 | Long             | DBT              | CORP              | AR        |     13000 | PA      | $12581.40     | 0.25%             | 2035-12-10      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| MSU ENERGY SA                 | MSU Energy SA                                                                    | CUSIP: 55377JAC1<br>LEI: 529900D1ZX75KRP2HC66 | Long             | DBT              | CORP              | AR        |     49000 | PA      | $44943.29     | 0.88%             | 2030-12-05      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| BBVA BANCOMER SA TEXAS        | BBVA Mexico SA Institucion De Banca Multiple Grupo Financiero BBVA Mexico/TX     | CUSIP: 05533UAF5<br>LEI: 549300WIWQK5Q9MCUN92 | Long             | DBT              | CORP              | MX        |     14000 | PA      | $13466.32     | 0.26%             | 2033-01-18      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| PROSUS NV                     | Prosus NV                                                                        | CUSIP: 000000000<br>LEI: 635400Z5LQ5F9OLVT688 | Long             | DBT              | CORP              | NL        |    125000 | PA      | $110625.00    | 2.17%             | 2031-07-13      | Fixed         | 3.06%                 | No            |                  2 | On Loan: No      |
| AZULE ENERGY FINANCE PLC      | Azule Energy Finance Plc                                                         | CUSIP: 05501YAA6<br>LEI: 2138006X6O82RJSQDB63 | Long             | DBT              | CORP              | GB        |     50000 | PA      | $49250.00     | 0.96%             | 2030-01-23      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| AFRICAN EXPORT-IMPORT BA      | African Export-Import Bank/The                                                   | CUSIP: 00831TAB7<br>LEI: 21380068LJCDYA42GJ76 | Long             | DBT              | NUSS              | N/A       |     25000 | PA      | $24296.88     | 0.48%             | 2026-05-17      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| VF UKRAINE (VFU FUNDING)      | VF Ukraine PAT via VFU Funding PLC                                               | CUSIP: 918212AA9<br>LEI: N/A                  | Long             | DBT              | CORP              | UA        |     51015 | PA      | $48719.62     | 0.95%             | 2027-02-11      | Variable      | 9.62%                 | No            |                  2 | On Loan: No      |
| POINSETTIA FINANCE LTD        | Poinsettia Finance Ltd                                                           | CUSIP: 000000000<br>LEI: 549300P2JTF5JKW10Z65 | Long             | DBT              | CORP              | KY        |     33975 | PA      | $31229.14     | 0.61%             | 2031-06-17      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| ACWA POWER MGMT INVST         | Acwa Power Management And Investments One Ltd                                    | CUSIP: 005117AA4<br>LEI: 635400M3OWQGQBZOYO38 | Long             | DBT              | CORP              | AE        |    102453 | PA      | $101117.01    | 1.98%             | 2039-12-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| BANCO DE CREDITO DEL PER      | Banco de Credito del Peru S.A.                                                   | CUSIP: 05971U2J5<br>LEI: 549300EQYQ8SCQZ4BY14 | Long             | DBT              | CORP              | PE        |      6000 | PA      | $6116.40      | 0.12%             | 2035-07-30      | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| CPI PROPERTY GROUP SA         | CPI Property Group SA                                                            | CUSIP: 000000000<br>LEI: 222100CO2ZOTEPGJO223 | Long             | DBT              | CORP              | LU        |    100000 | PA      | $120003.66    | 2.35%             | 2032-01-27      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| TELECOM ARGENTINA SA          | Telecom Argentina SA                                                             | CUSIP: 879273AV2<br>LEI: 549300MKPIRSJD8SB782 | Long             | DBT              | CORP              | AR        |     26000 | PA      | $26458.12     | 0.52%             | 2033-05-28      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| BANCO DE CREDITO DEL PER      | Banco de Credito del Peru S.A.                                                   | CUSIP: 05971U2H9<br>LEI: 549300EQYQ8SCQZ4BY14 | Long             | DBT              | CORP              | PE        |     25000 | PA      | $24822.50     | 0.49%             | 2035-03-10      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| JSW HYDRO ENERGY LTD          | JSW Hydro Energy Ltd                                                             | CUSIP: 46653YAA6<br>LEI: 3358006ZP5KO7VUH2790 | Long             | DBT              | CORP              | IN        |     71000 | PA      | $64965.00     | 1.27%             | 2031-05-18      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| IHS HOLDING LTD               | IHS Holding Ltd                                                                  | CUSIP: 44963HAD7<br>LEI: 213800CLGMKL63VKTD94 | Long             | DBT              | CORP              | KY        |     52000 | PA      | $52487.76     | 1.03%             | 2031-11-29      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| KAZMUNAYGAS NATIONAL CO       | KazMunayGas National Co JSC                                                      | CUSIP: 48667QAP0<br>LEI: 2138001H1M69RFJCSH88 | Long             | DBT              | CORP              | KZ        |     29000 | PA      | $24956.24     | 0.49%             | 2047-04-19      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| BRASKEM NETHERLANDS           | Braskem Netherlands Finance BV                                                   | CUSIP: 10554TAD7<br>LEI: 2549000TLMHFQ74DS330 | Long             | DBT              | CORP              | NL        |     59000 | PA      | $45430.00     | 0.89%             | 2030-01-31      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| YPF SOCIEDAD ANONIMA          | YPF SA                                                                           | CUSIP: 984245AX8<br>LEI: 5493003N7447U18U5U53 | Long             | DBT              | CORP              | AR        |     38000 | PA      | $39805.00     | 0.78%             | 2031-01-17      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| FREEPORT INDONESIA PT         | Freeport Indonesia PT                                                            | CUSIP: 000000000<br>LEI: 549300T4HTQHRKLNE619 | Long             | DBT              | CORP              | ID        |     60000 | PA      | $59978.10     | 1.17%             | 2032-04-14      | Fixed         | 5.32%                 | No            |                  2 | On Loan: No      |
| BANCO GNB SUDAMERIS SA        | Banco GNB Sudameris SA                                                           | CUSIP: 059593AE3<br>LEI: 549300SO7QUETMQD9D84 | Long             | DBT              | CORP              | CO        |     26000 | PA      | $25595.70     | 0.50%             | 2031-04-16      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| CEMEX SAB DE CV               | Cemex SAB de CV                                                                  | CUSIP: 151290CC5<br>LEI: 549300RIG2CXWN6IV731 | Long             | DBT              | CORP              | MX        |     30000 | PA      | $30345.00     | 0.59%             | N/A             | Fixed         | 7.20%                 | No            |                  2 | On Loan: No      |
| DP WORLD LTD UAE              | DP World Ltd/United Arab Emirates                                                | CUSIP: 23330JAC5<br>LEI: 549300M3U2DNF4QVSS04 | Long             | DBT              | CORP              | AE        |    100000 | PA      | $82031.25     | 1.61%             | 2049-09-30      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| ZORLU ENERJI ELEKTRIK         | Zorlu Enerji Elektrik Uretim AS                                                  | CUSIP: 98977LAA4<br>LEI: 7890005B5CSNL39OYO75 | Long             | DBT              | CORP              | TR        |     37000 | PA      | $34092.17     | 0.67%             | 2030-04-23      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| ENERGEAN ISRAEL FINANCE       | Energean Israel Finance Ltd                                                      | CUSIP: 000000000<br>LEI: 98450044QACBL3F8EB03 | Long             | DBT              | CORP              | IL        |     13000 | PA      | $12004.85     | 0.23%             | 2031-03-30      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| GRUPO AEROMEXICO SAB          | Grupo Aeromexico SAB de CV                                                       | CUSIP: 40054JAD1<br>LEI: N/A                  | Long             | DBT              | CORP              | MX        |     52000 | PA      | $49904.40     | 0.98%             | 2031-11-15      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| BANCO DAVIVIENDA SA           | Banco Davivienda SA                                                              | CUSIP: 059501AG1<br>LEI: 549300P161V4IPKAQS70 | Long             | DBT              | CORP              | CO        |     38000 | PA      | $38220.40     | 0.75%             | 2035-07-02      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| YINSON BERGENIA PRODUCTI      | Yinson Bergenia Production BV                                                    | CUSIP: 98585VAA6<br>LEI: 549300JDIAWKPMZD5256 | Long             | DBT              | CORP              | NL        |     26000 | PA      | $26283.40     | 0.51%             | 2045-01-31      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| SAMARCO MINERACAO SA          | Samarco Mineracao SA                                                             | CUSIP: 79588YAA7<br>LEI: 529900U8HKV15GJC4O60 | Long             | DBT              | CORP              | BR        |     53170 | PA      | $52139.83     | 1.02%             | 2031-06-30      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| GENER MEDIT/CENT TERMICA      | Generacion Mediterranea SA / Central Termica Roca SA                             | CUSIP: 36875KAJ0<br>LEI: N/A                  | Long             | DBT              | CORP              | AR        |     39000 | PA      | $22698.00     | 0.44%             | 2031-11-01      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| ALIBABA GROUP HOLDING         | Alibaba Group Holding Ltd                                                        | CUSIP: 01609WAZ5<br>LEI: 5493001NTNQJDH60PM02 | Long             | DBT              | CORP              | KY        |     35000 | PA      | $22750.00     | 0.45%             | 2051-02-09      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| ABU DHABI NATIONAL ENERG      | Abu Dhabi National Energy Co PJSC                                                | CUSIP: 00388WAM3<br>LEI: 213800UNJSVQFNUYYW03 | Long             | DBT              | CORP              | AE        |    100000 | PA      | $98507.00     | 1.93%             | 2033-04-24      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| SIERRACOL ENRGY ANDINA        | SierraCol Energy Andina LLC                                                      | CUSIP: 82653LAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     27000 | PA      | $24966.23     | 0.49%             | 2028-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BANCO MERCANTIL DE NORTE      | Banco Mercantil del Norte SA/Grand Cayman                                        | CUSIP: 000000000<br>LEI: 549300QTVYRPFHS0J362 | Long             | DBT              | CORP              | MX        |     28000 | PA      | $27225.52     | 0.53%             | 2031-10-04      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CK HUTCHISON INTL 24 II       | CK Hutchison International 24 II Ltd                                             | CUSIP: 178908AB5<br>LEI: 254900C3VDI6RVRNF366 | Long             | DBT              | CORP              | KY        |    100000 | PA      | $97664.00     | 1.91%             | 2034-09-13      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CEMEX SAB DE CV               | Cemex SAB de CV                                                                  | CUSIP: 151290CA9<br>LEI: 549300RIG2CXWN6IV731 | Long             | DBT              | CORP              | MX        |     34000 | PA      | $33609.00     | 0.66%             | N/A             | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| SIMPAR EUROPE SA              | Simpar Europe SA                                                                 | CUSIP: 82883PAA2<br>LEI: 54930068BSUST41D5C30 | Long             | DBT              | CORP              | LU        |     48000 | PA      | $38954.40     | 0.76%             | 2031-01-26      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| BANCO DE CREDITO DEL PER      | Banco de Credito del Peru S.A.                                                   | CUSIP: 05971U2C0<br>LEI: 549300EQYQ8SCQZ4BY14 | Long             | DBT              | CORP              | PE        |     50000 | PA      | $50000.00     | 0.98%             | 2030-07-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| AMBIPAR LUX SARL              | Ambipar Lux Sarl                                                                 | CUSIP: 02319WAB7<br>LEI: 9845008C0E14F9BDEK55 | Long             | DBT              | CORP              | LU        |     18000 | PA      | $17083.08     | 0.33%             | 2033-02-05      | Fixed         | 10.88%                | No            |                  2 | On Loan: No      |
| MINEJESA CAPITAL BV           | Minejesa Capital BV                                                              | CUSIP: 602736AA8<br>LEI: 549300KS7ERCP10BKC35 | Long             | DBT              | CORP              | NL        |     98675 | PA      | $96454.81     | 1.89%             | 2030-08-10      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS INC. | USD/EUR FORWARD                                                                  | CUSIP: 000000000<br>LEI: MBNUM2BPBDO7JBLYG310 | N/A              | DFE              | CORP              | US        |         1 | NC      | $-9394.37     | -0.18%            |  |  |  | No            |                  2 | On Loan: No      |
| HANWHA LIFE INSURANCE         | Hanwha Life Insurance Co Ltd                                                     | CUSIP: 41135UAC9<br>LEI: 988400ZKCI3R9DQHR320 | Long             | DBT              | CORP              | KR        |     20000 | PA      | $20609.30     | 0.40%             | 2055-06-24      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| SASOL FINANCING USA LLC       | Sasol Financing USA LLC                                                          | CUSIP: 80386WAC9<br>LEI: 549300XRB1PFMESFEL85 | Long             | DBT              | CORP              | US        |    100000 | PA      | $98000.00     | 1.92%             | 2026-09-18      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| HTA GROUP LTD                 | HTA Group Ltd/Mauritius                                                          | CUSIP: 40435WAC4<br>LEI: 213800WEFU8O8X6EPU13 | Long             | DBT              | CORP              | MU        |    100000 | PA      | $102010.00    | 2.00%             | 2029-06-04      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| SANDS CHINA LTD               | Sands China Ltd                                                                  | CUSIP: 80007RAE5<br>LEI: 549300EVO6UZDGY05787 | Long             | DBT              | CORP              | KY        |    100000 | PA      | $100465.00    | 1.97%             | 2028-08-08      | Variable      | 5.40%                 | No            |                  2 | On Loan: No      |
| ORLEN SA                      | ORLEN SA                                                                         | CUSIP: 68666UAA3<br>LEI: 259400VVMM70CQREJT74 | Long             | DBT              | CORP              | PL        |     80000 | PA      | $82040.00     | 1.61%             | 2035-01-30      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| GRAN TIERRA ENERGY INC        | Gran Tierra Energy Inc                                                           | CUSIP: 38500TAC5<br>LEI: 549300IH2S17MAIUCM32 | Long             | DBT              | CORP              | US        |     22000 | PA      | $16729.46     | 0.33%             | 2029-10-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| VISTA OIL & GAS ARGENTIN      | Vista Energy Argentina SAU                                                       | CUSIP: 92841RAA8<br>LEI: 549300FE4UJNCG1DB123 | Long             | DBT              | CORP              | AR        |     18000 | PA      | $17420.40     | 0.34%             | 2035-12-10      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| TEVA PHARMACEUTICALS NE       | Teva Pharmaceutical Finance Netherlands III BV                                   | CUSIP: 88167AAE1<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |     30000 | PA      | $29334.30     | 0.57%             | 2026-10-01      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| SOUTHERN COPPER CORP          | Southern Copper Corp                                                             | CUSIP: 84265VAE5<br>LEI: 2549007U6NAP46Q9TU15 | Long             | DBT              | CORP              | US        |      6000 | PA      | $6551.28      | 0.13%             | 2040-04-16      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| KOSMOS ENERGY LTD             | Kosmos Energy Ltd                                                                | CUSIP: 000000000<br>LEI: 213800YDFJ3OT9B5P157 | Long             | DBT              | CORP              | US        |     50000 | PA      | $44122.00     | 0.86%             | 2027-05-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| LD CELULOSE INTERNATIONA      | LD Celulose International GmbH                                                   | CUSIP: 50206BAA0<br>LEI: 529900EHUSQJVOTP9J45 | Long             | DBT              | CORP              | AT        |     18000 | PA      | $18877.50     | 0.37%             | 2032-01-26      | Fixed         | 7.95%                 | No            |                  2 | On Loan: No      |
| VEDANTA RESOURCES             | Vedanta Resources Finance II PLC                                                 | CUSIP: 92243XAH4<br>LEI: 8945002DGA3BBXO3N634 | Long             | DBT              | CORP              | GB        |      9000 | PA      | $9326.25      | 0.18%             | 2029-09-17      | Fixed         | 10.88%                | No            |                  2 | On Loan: No      |
| BANCO GENERAL SA              | Banco General SA                                                                 | CUSIP: 059597AF1<br>LEI: 549300B5C08LGDFB7205 | Long             | DBT              | CORP              | PA        |     28000 | PA      | $24878.00     | 0.49%             | N/A             | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CENTRAIS ELETRICAS ELET       | Centrais Eletricas Brasileiras SA                                                | CUSIP: 15234VAA5<br>LEI: 254900I8KYDELP4B4Z08 | Long             | DBT              | CORP              | BR        |     25000 | PA      | $24891.00     | 0.49%             | 2035-01-11      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| LEVIATHAN BOND LTD            | Leviathan Bond Ltd                                                               | CUSIP: 000000000<br>LEI: 254900D9T8VKYVQNZ220 | Long             | DBT              | CORP              | IL        |    145000 | PA      | $142825.00    | 2.80%             | 2030-06-30      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| INVEST ENERGY RES LTD         | Investment Energy Resources Ltd                                                  | CUSIP: 46143NAB6<br>LEI: 254900A71Y7WHN7L5K89 | Long             | DBT              | CORP              | BM        |     28000 | PA      | $27343.68     | 0.54%             | 2029-04-26      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ECOPETROL SA                  | Ecopetrol SA                                                                     | CUSIP: 279158AE9<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |     22000 | PA      | $18315.00     | 0.36%             | 2043-09-18      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| CT TRUST                      | CT Trust                                                                         | CUSIP: 12659BAA2<br>LEI: 213800MJB7WO427HQD34 | Long             | DBT              | CORP              | GT        |     11000 | PA      | $10255.52     | 0.20%             | 2032-02-03      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| TIERRA MOJADA LUX II SRL      | Tierra Mojada Luxembourg II Sarl                                                 | CUSIP: 30260LAA3<br>LEI: 254900H2U8PBIY32VI94 | Long             | DBT              | CORP              | LU        |     16060 | PA      | $15132.81     | 0.30%             | 2040-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| OHI GROUP SA                  | OHI Group SA                                                                     | CUSIP: 67712MAB5<br>LEI: 529900GW2J8DSYJHEH26 | Long             | DBT              | CORP              | LU        |     40000 | PA      | $41627.20     | 0.81%             | 2029-07-22      | Fixed         | 13.00%                | No            |                  2 | On Loan: No      |
| KOREA GAS CORP                | Korea Gas Corp                                                                   | CUSIP: 50066CAR0<br>LEI: 988400TFZILHBD5M3R71 | Long             | DBT              | NUSS              | KR        |    200000 | PA      | $174974.00    | 3.42%             | 2031-07-13      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| BANCO INTERNAC DEL PERU       | Banco Internacional del Peru SAA Interbank                                       | CUSIP: 05968DAD2<br>LEI: 5493001TRCGXJLRLHN14 | Long             | DBT              | CORP              | PE        |     25000 | PA      | $24920.00     | 0.49%             | 2030-07-08      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| RAIZEN FUELS FINANCE          | Raizen Fuels Finance SA                                                          | CUSIP: 75102XAF3<br>LEI: 52990010NH26VC32Q522 | Long             | DBT              | CORP              | LU        |     39000 | PA      | $38610.00     | 0.76%             | 2032-07-08      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| SAAVI ENERGIA SARL            | Saavi Energia Sarl                                                               | CUSIP: 78518PAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |     18000 | PA      | $18738.00     | 0.37%             | 2035-02-10      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| ADANIREN KODSOPAR WARSOM      | Adani Renewable Energy RJ Ltd/Kodangal Solar Parks Pvt Ltd/Wardha Solar Maharash | CUSIP: 00654CAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | IN        |     83500 | PA      | $67426.25     | 1.32%             | 2039-10-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| IHS NETHERLANDS HOLDCO        | IHS Netherlands Holdco BV                                                        | CUSIP: 44963LAC0<br>LEI: 5493006Z6YQYCCN2XI74 | Long             | DBT              | CORP              | NL        |     46061 | PA      | $46175.99     | 0.90%             | 2027-09-18      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| ADANI ELECTRICITY MUMBAI      | Adani Electricity Mumbai Ltd                                                     | CUSIP: 00654GAA1<br>LEI: 335800AIC1B5EBFVUC38 | Long             | DBT              | CORP              | IN        |    150000 | PA      | $133875.00    | 2.62%             | 2030-02-12      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| MELCO RESORTS FINANCE         | Melco Resorts Finance Ltd                                                        | CUSIP: 000000000<br>LEI: 5493000FQDBWKDBZEF60 | Long             | DBT              | CORP              | KY        |     84000 | PA      | $78806.28     | 1.54%             | 2029-12-04      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| FORESEA HOLDING SA            | FORESEA Holding SA                                                               | CUSIP: 262051AA3<br>LEI: 254900BAD50AKYGIMV79 | Long             | DBT              | CORP              | LU        |     39000 | PA      | $37064.53     | 0.73%             | 2030-06-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| BRASKEM IDESA SAPI            | Braskem Idesa SAPI                                                               | CUSIP: 10554NAB4<br>LEI: YH0V7ZHY352ITDGEYB83 | Long             | DBT              | CORP              | MX        |      9000 | PA      | $6229.97      | 0.12%             | 2032-02-20      | Fixed         | 6.99%                 | No            |                  2 | On Loan: No      |
| PETRONAS CAPITAL LTD          | Petronas Capital Ltd                                                             | CUSIP: 716743AV1<br>LEI: 549300G7YFX3540OYR85 | Long             | DBT              | CORP              | MY        |     13000 | PA      | $13223.60     | 0.26%             | 2031-01-03      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| YPF ENERGIA ELECTRICA SA      | YPF Energia Electrica SA                                                         | CUSIP: 98424MAB9<br>LEI: 5493002XN8FRTYQLR778 | Long             | DBT              | CORP              | AR        |     36000 | PA      | $35550.36     | 0.70%             | 2032-10-16      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| TENCENT HOLDINGS LTD          | Tencent Holdings Ltd                                                             | CUSIP: 88032WAU0<br>LEI: 254900N4SLUMW4XUYY11 | Long             | DBT              | CORP              | KY        |     50000 | PA      | $45765.00     | 0.90%             | 2030-06-03      | Fixed         | 2.39%                 | No            |                  2 | On Loan: No      |
| METINVEST BV                  | Metinvest BV                                                                     | CUSIP: 591555AF4<br>LEI: 635400TMCKVEU87EJ582 | Long             | DBT              | CORP              | NL        |     35000 | PA      | $26600.00     | 0.52%             | 2029-10-17      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| MOVIDA EUROPE SA              | Movida Europe SA                                                                 | CUSIP: 62459LAC3<br>LEI: 549300YRJE0V6QKU7C86 | Long             | DBT              | CORP              | LU        |     33000 | PA      | $30475.50     | 0.60%             | 2029-04-11      | Fixed         | 7.85%                 | No            |                  2 | On Loan: No      |
| YINSON BORONIA PRODUCTIO      | Yinson Boronia Production BV                                                     | CUSIP: 98584XAA3<br>LEI: 5493007X12FTT746N678 | Long             | DBT              | CORP              | NL        |     37665 | PA      | $39905.90     | 0.78%             | 2042-07-31      | Fixed         | 8.95%                 | No            |                  2 | On Loan: No      |
| MINERVA LUXEMBOURG SA         | Minerva Luxembourg SA                                                            | CUSIP: 603374AH2<br>LEI: 222100NM3G3RCPGZ2Z17 | Long             | DBT              | CORP              | LU        |     27000 | PA      | $29160.00     | 0.57%             | 2033-09-13      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| WE SODA INV HOLDING PLC       | WE Soda Investments Holding PLC                                                  | CUSIP: 92943TAA1<br>LEI: 984500SE38C07DB47A90 | Long             | DBT              | CORP              | GB        |     50000 | PA      | $52187.50     | 1.02%             | 2028-10-06      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| NBK TIER 1 FINANCING 2        | NBK Tier 1 Financing 2 Ltd                                                       | CUSIP: 62878WAA6<br>LEI: 549300HMWSJFNREWT164 | Long             | DBT              | CORP              | AE        |     50000 | PA      | $49750.00     | 0.97%             | N/A             | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| CONSTELLATION OIL SA          | Constellation Oil Services Holding SA                                            | CUSIP: 650921AA7<br>LEI: 5493005YJTU769NW5I10 | Long             | DBT              | CORP              | LU        |     33000 | PA      | $33530.06     | 0.66%             | 2029-11-07      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| UNITED OVERSEAS BANK LTD      | United Overseas Bank Ltd                                                         | CUSIP: 91127KAL6<br>LEI: IO66REGK3RCBAMA8HR66 | Long             | DBT              | CORP              | SG        |     10000 | PA      | $10026.10     | 0.20%             | 2028-04-02      | Floating      | 4.92%                 | No            |                  2 | On Loan: No      |
| GEOPARK LTD                   | Geopark Ltd                                                                      | CUSIP: 37255BAC3<br>LEI: 529900ZR5QI19AH4KZ07 | Long             | DBT              | CORP              | BM        |     31000 | PA      | $27163.75     | 0.53%             | 2030-01-31      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| CSN RESOURCES SA              | CSN Resources SA                                                                 | CUSIP: 12644VAD0<br>LEI: 222100ZEX458NMOXZP08 | Long             | DBT              | CORP              | LU        |     32000 | PA      | $25203.20     | 0.49%             | 2031-06-10      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| OFFICE CHERIFIEN DES PHO      | OCP SA                                                                           | CUSIP: 67091TAG0<br>LEI: 213800D26TAPVTCVWG40 | Long             | DBT              | CORP              | MA        |     79000 | PA      | $78721.13     | 1.54%             | 2054-05-02      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| SHRIRAM FINANCE LTD           | Shriram Finance Ltd                                                              | CUSIP: 82556FAA0<br>LEI: 335800TM2YO24B76XL26 | Long             | DBT              | CORP              | IN        |     50000 | PA      | $50500.00     | 0.99%             | 2027-04-22      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| SITIOS LATINOAMERICA          | Sitios Latinoamerica SAB de CV                                                   | CUSIP: 03217KAB4<br>LEI: 984500D2C0CDC0BFDD35 | Long             | DBT              | CORP              | MX        |     19000 | PA      | $18601.00     | 0.36%             | 2032-04-04      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| BANCO DE CHILE                | Banco de Chile                                                                   | CUSIP: 059520AC0<br>LEI: 8B4EZFY8IHJC44TT2K84 | Long             | DBT              | CORP              | CL        |     60000 | PA      | $53456.25     | 1.05%             | 2031-12-09      | Fixed         | 2.99%                 | No            |                  2 | On Loan: No      |
| CIA CERVECERIAS UNIDAS        | Cia Cervecerias Unidas SA                                                        | CUSIP: 204429AA2<br>LEI: 529900BJW9B0O6LI2R39 | Long             | DBT              | CORP              | CL        |     44000 | PA      | $38951.00     | 0.76%             | 2032-01-19      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| MC BRAZIL DWNSTRM             | MC Brazil Downstream Trading SARL                                                | CUSIP: 55292WAA8<br>LEI: 213800T2A7R9TYNXZI63 | Long             | DBT              | CORP              | LU        |     25778 | PA      | $20467.80     | 0.40%             | 2031-06-30      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| FIRST QUANTUM MINERALS L      | First Quantum Minerals Ltd                                                       | CUSIP: 335934AU9<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |     24000 | PA      | $24852.48     | 0.49%             | 2031-06-01      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| TURKCELL ILETISIM HIZMET      | Turkcell Iletisim Hizmetleri AS                                                  | CUSIP: 900111AD7<br>LEI: 7890003EX1LTLS2FFL84 | Long             | DBT              | CORP              | TR        |     75000 | PA      | $76359.38     | 1.49%             | 2032-01-24      | Fixed         | 7.65%                 | No            |                  2 | On Loan: No      |
| TSMC GLOBAL LTD               | TSMC Global Ltd                                                                  | CUSIP: 000000000<br>LEI: 549300N2ZLI21P85T117 | Long             | DBT              | CORP              | VG        |    100000 | PA      | $86015.00     | 1.68%             | 2030-09-28      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| IHS HOLDING LTD               | IHS Holding Ltd                                                                  | CUSIP: 44963HAC9<br>LEI: 213800CLGMKL63VKTD94 | Long             | DBT              | CORP              | KY        |     33000 | PA      | $33072.27     | 0.65%             | 2030-05-29      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| STANDARD CHARTERED PLC        | Standard Chartered PLC                                                           | CUSIP: 853254CC2<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |    115000 | PA      | $101037.85    | 1.98%             | 2032-06-29      | Fixed         | 2.68%                 | No            |                  2 | On Loan: No      |
| TRIDENT ENERGY FINANCE        | Trident Energy Finance PLC                                                       | CUSIP: 89616MAB6<br>LEI: 9845004ECK3FYO64I382 | Long             | DBT              | CORP              | GB        |     19000 | PA      | $19009.50     | 0.37%             | 2029-11-30      | Fixed         | 12.50%                | No            |                  2 | On Loan: No      |
| BANCO MERCANTIL DE NORTE      | Banco Mercantil del Norte SA/Grand Cayman                                        | CUSIP: 05971PAB4<br>LEI: 549300QTVYRPFHS0J362 | Long             | DBT              | CORP              | MX        |     49000 | PA      | $48896.12     | 0.96%             | N/A             | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| EIG PEARL HOLDINGS SARL       | EIG Pearl Holdings Sarl                                                          | CUSIP: 28249NAA9<br>LEI: 549300KIMRL45BWA5H76 | Long             | DBT              | CORP              | LU        |     66507 | PA      | $59170.52     | 1.16%             | 2036-08-31      | Fixed         | 3.54%                 | No            |                  2 | On Loan: No      |
| BANC CREDITO INVERSIONES      | Banco de Credito e Inversiones SA                                                | CUSIP: 05956NAF9<br>LEI: 549300E9E5Y3PKW24142 | Long             | DBT              | CORP              | CL        |     37000 | PA      | $37032.38     | 0.72%             | N/A             | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| TELECOM ARGENTINA SA          | Telecom Argentina SA                                                             | CUSIP: 879273AU4<br>LEI: 549300MKPIRSJD8SB782 | Long             | DBT              | CORP              | AR        |     24000 | PA      | $24885.00     | 0.49%             | 2031-07-18      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| MEDCO BELL PTE LTD            | Medco Bell Pte Ltd                                                               | CUSIP: 000000000<br>LEI: 2549003PNDCWIWGKC768 | Long             | DBT              | CORP              | SG        |    100000 | PA      | $100009.00    | 1.96%             | 2027-01-30      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |

### Signature

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

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

**Signature:** Amy Hackett

**Name of Signer:** Amy Hackett

**Title:** Vice President and Assistant Treasurer