# EDGAR Filing Document

**Accession Number:** 0001214935
**File Stem:** 0000940400-25-014223
**Filing Date:** 2025-12
**Character Count:** 147851
**Document Hash:** c4b9c6bdcc57165baf76dd87f4dc8710
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-25-014223.hdr.sgml**: 20251223

**ACCESSION NUMBER**: 0000940400-25-014223

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20251223

**DATE AS OF CHANGE**: 20251223

**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:** 251597830

**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)**

**October 31, 2025**

($ reported in thousands)

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

---

| | | |
|:---|:---|:---|
|  | **Par Value** | **Value** |
| **Convertible Bonds and Notes—78.8%** | **Convertible Bonds and Notes—78.8%** | **Convertible Bonds and Notes—78.8%** |
| **Aerospace & Defense—2.1%** | **Aerospace & Defense—2.1%** |  |
| &nbsp;&nbsp;&nbsp; AeroVironment, Inc. <br>0.000%, 7/15/30<br>| $2580 | &nbsp;&nbsp; $3603 |
| &nbsp;&nbsp;&nbsp; Intuitive Machines, Inc. 144A <br>2.500%, 10/1/30<sup>(1)</sup> <br>| 1605 | &nbsp;&nbsp; 1921 |
| &nbsp;&nbsp;&nbsp; Rocket Lab USA, Inc. 144A <br>4.250%, 2/1/29<sup>(1)</sup> <br>| 210 | &nbsp;&nbsp; 2576 |
|  |  | &nbsp;&nbsp; 8100 |
| **Auto Manufacturers—0.7%** | **Auto Manufacturers—0.7%** |  |
| &nbsp;&nbsp;&nbsp; Rivian Automotive, Inc. <br>4.625%, 3/15/29<br>| 2995 | &nbsp;&nbsp; 2950 |
| **Automotive Parts & Equipment—0.4%** | **Automotive Parts & Equipment—0.4%** |  |
| &nbsp;&nbsp;&nbsp; indie Semiconductor, Inc. 144A <br>4.500%, 11/15/27<sup>(1)</sup> <br>| 1350 | &nbsp;&nbsp; 1485 |
| **Biotechnology—5.1%** | **Biotechnology—5.1%** |  |
| Alnylam Pharmaceuticals, Inc. |  |  |
| &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;&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;&nbsp; <br>1.000%, 9/15/27 | 2675 | &nbsp;&nbsp; 4400 |
| &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;&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;&nbsp; <br>144A 0.000%, 9/15/28<sup>(1)</sup> <br>| 895 | &nbsp;&nbsp; 894 |
| Bridgebio Pharma, Inc. |  |  |
| &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;&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;&nbsp; <br>2.500%, 3/15/27 | 1775 | &nbsp;&nbsp; 2860 |
| &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;&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;&nbsp; <br>144A 1.750%, 3/1/31<sup>(1)</sup> <br>| 1270 | &nbsp;&nbsp; 1919 |
| &nbsp;&nbsp;&nbsp; Celcuity, Inc. <br>2.750%, 8/1/31<br>| 635 | &nbsp;&nbsp; 1141 |
| &nbsp;&nbsp;&nbsp; Cytokinetics, Inc. 144A <br>1.750%, 10/1/31<sup>(1)</sup> <br>| 2195 | &nbsp;&nbsp; 2719 |
| &nbsp;&nbsp;&nbsp; Ionis Pharmaceuticals, Inc. <br>1.750%, 6/15/28<br>| 2060 | &nbsp;&nbsp; 3135 |
| &nbsp;&nbsp;&nbsp; Ligand Pharmaceuticals, Inc. 144A <br>0.750%, 10/1/30<sup>(1)</sup> <br>| 2530 | &nbsp;&nbsp; 2964 |
|  |  | &nbsp;&nbsp; 20032 |
| **Commercial Services—1.0%** | **Commercial Services—1.0%** |  |
| &nbsp;&nbsp;&nbsp; Affirm Holdings, Inc. 144A <br>0.750%, 12/15/29<sup>(1)</sup> <br>| 2185 | &nbsp;&nbsp; 2372 |
| &nbsp;&nbsp;&nbsp; Shift4 Payments, Inc. <br>0.500%, 8/1/27<br>| 1720 | &nbsp;&nbsp; 1690 |
|  |  | &nbsp;&nbsp; 4062 |
| **Computers—9.1%** | **Computers—9.1%** |  |
| &nbsp;&nbsp;&nbsp; CyberArk Software Ltd. 144A <br>0.000%, 6/15/30<sup>(1)</sup> <br>| 3955 | &nbsp;&nbsp; 4612 |
| &nbsp;&nbsp;&nbsp; Lumentum Holdings, Inc. 144A <br>0.375%, 3/15/32<sup>(1)</sup> <br>| 6130 | &nbsp;&nbsp; 8122 |
| &nbsp;&nbsp;&nbsp; Parsons Corp. <br>2.625%, 3/1/29<sup>(2)</sup> <br>| 3095 | &nbsp;&nbsp; 3531 |
| &nbsp;&nbsp;&nbsp; Seagate HDD Cayman <br>3.500%, 6/1/28<br>| 1450 | &nbsp;&nbsp; 4539 |
| &nbsp;&nbsp;&nbsp; Super Micro Computer, Inc. <br>3.500%, 3/1/29<br>| 2650 | &nbsp;&nbsp; 2820 |
| &nbsp;&nbsp;&nbsp; Western Digital Corp. <br>3.000%, 11/15/28<br>| 2315 | &nbsp;&nbsp; 9272 |
| &nbsp;&nbsp;&nbsp; Zscaler, Inc. 144A <br>0.000%, 7/15/28<sup>(1)(3)</sup> <br>| 2830 | &nbsp;&nbsp; 2919 |
|  |  | &nbsp;&nbsp; 35815 |

---

---

| | | |
|:---|:---|:---|
|  | **Par Value** | **Value** |
| **Diversified REITs—1.0%** | **Diversified REITs—1.0%** |  |
| &nbsp;&nbsp;&nbsp; Digital Realty Trust LP 144A <br>1.875%, 11/15/29<sup>(1)</sup> <br>| $3690 | &nbsp;&nbsp; $3892 |
| **Electric Utilities—4.0%** | **Electric Utilities—4.0%** |  |
| &nbsp;&nbsp;&nbsp; NextEra Energy Capital Holdings, Inc. <br>3.000%, 3/1/27<br>| 4300 | &nbsp;&nbsp; 5383 |
| &nbsp;&nbsp;&nbsp; Southern Co. (The) 144A <br>3.250%, 6/15/28<sup>(1)</sup> <br>| 5985 | &nbsp;&nbsp; 6090 |
| &nbsp;&nbsp;&nbsp; WEC Energy Group, Inc. 144A <br>3.375%, 6/1/28<sup>(1)</sup> <br>| 4195 | &nbsp;&nbsp; 4323 |
|  |  | &nbsp;&nbsp; 15796 |
| **Electronics—1.8%** | **Electronics—1.8%** |  |
| &nbsp;&nbsp;&nbsp; Mirion Technologies, Inc. 144A <br>0.250%, 6/1/30<sup>(1)</sup> <br>| 2605 | &nbsp;&nbsp; 3751 |
| &nbsp;&nbsp;&nbsp; OSI Systems, Inc. <br>2.250%, 8/1/29<br>| 2255 | &nbsp;&nbsp; 3552 |
|  |  | &nbsp;&nbsp; 7303 |
| **Engineering & Construction—0.8%** | **Engineering & Construction—0.8%** |  |
| &nbsp;&nbsp;&nbsp; Granite Construction, Inc. <br>3.250%, 6/15/30<br>| 2300 | &nbsp;&nbsp; 3351 |
| **Entertainment—2.6%** | **Entertainment—2.6%** |  |
| &nbsp;&nbsp;&nbsp; IMAX Corp. <br>0.500%, 4/1/26<br>| 2470 | &nbsp;&nbsp; 2891 |
| &nbsp;&nbsp;&nbsp; Live Nation Entertainment, Inc. 144A <br>2.875%, 1/15/30<sup>(1)</sup> <br>| 7015 | &nbsp;&nbsp; 7450 |
|  |  | &nbsp;&nbsp; 10341 |
| **Financial Services—4.7%** | **Financial Services—4.7%** |  |
| Coinbase Global, Inc. |  |  |
| &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;&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;&nbsp; <br>0.500%, 6/1/26<sup>(2)</sup> <br>| 5250 | &nbsp;&nbsp; 5891 |
| &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;&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;&nbsp; <br>144A 0.000%, 10/1/29<sup>(1)</sup> <br>| 2850 | &nbsp;&nbsp; 3081 |
| &nbsp;&nbsp;&nbsp; Galaxy Digital Holdings LP 144A <br>0.500%, 5/1/31<sup>(1)</sup> <br>| 2435 | &nbsp;&nbsp; 2401 |
| &nbsp;&nbsp;&nbsp; SoFi Technologies, Inc. 144A <br>0.000%, 10/15/26<sup>(1)</sup> <br>| 3545 | &nbsp;&nbsp; 5034 |
| &nbsp;&nbsp;&nbsp; Upstart Holdings, Inc. 144A <br>1.000%, 11/15/30<sup>(1)(2)</sup> <br>| 525 | &nbsp;&nbsp; 465 |
| &nbsp;&nbsp;&nbsp; WisdomTree, Inc. 144A <br>4.625%, 8/15/30<sup>(1)</sup> <br>| 1690 | &nbsp;&nbsp; 1727 |
|  |  | &nbsp;&nbsp; 18599 |
| **Health Care REITs—2.3%** | **Health Care REITs—2.3%** |  |
| &nbsp;&nbsp;&nbsp; Welltower OP LLC 144A <br>3.125%, 7/15/29<sup>(1)</sup> <br>| 6080 | &nbsp;&nbsp; 9020 |
| **Healthcare-Products—4.1%** | **Healthcare-Products—4.1%** |  |
| &nbsp;&nbsp;&nbsp; Alphatec Holdings, Inc. 144A <br>0.750%, 3/15/30<sup>(1)</sup> <br>| 2585 | &nbsp;&nbsp; 3688 |
| &nbsp;&nbsp;&nbsp; Exact Sciences Corp. 144A <br>1.750%, 4/15/31<sup>(1)</sup> <br>| 2025 | &nbsp;&nbsp; 2040 |
| &nbsp;&nbsp;&nbsp; Guardant Health, Inc. <br>1.250%, 2/15/31<sup>(2)</sup> <br>| 2740 | &nbsp;&nbsp; 4672 |
| &nbsp;&nbsp;&nbsp; iRhythm Technologies, Inc. <br>1.500%, 9/1/29<br>| 2130 | &nbsp;&nbsp; 3090 |

---

See Notes to Schedule of Investments

------

**VIRTUS Convertible & Income Fund**

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

**October 31, 2025**

($ reported in thousands)

---

| | | |
|:---|:---|:---|
|  | **Par Value** | **Value** |
| **Healthcare-Products—continued** | **Healthcare-Products—continued** |  |
| &nbsp;&nbsp;&nbsp; Repligen Corp. <br>1.000%, 12/15/28<sup>(2)</sup> <br>| $1290 | &nbsp;&nbsp; $1367 |
| &nbsp;&nbsp;&nbsp; Tempus AI, Inc. 144A <br>0.750%, 7/15/30<sup>(1)</sup> <br>| 905 | &nbsp;&nbsp; 1231 |
|  |  | &nbsp;&nbsp; 16088 |
| **Healthcare-Services—0.5%** | **Healthcare-Services—0.5%** |  |
| &nbsp;&nbsp;&nbsp; Oscar Health, Inc. 144A <br>2.250%, 9/1/30<sup>(1)</sup> <br>| 1695 | &nbsp;&nbsp; 1830 |
| **Home Builders—0.4%** | **Home Builders—0.4%** |  |
| &nbsp;&nbsp;&nbsp; Meritage Homes Corp. <br>1.750%, 5/15/28<br>| 1755 | &nbsp;&nbsp; 1748 |
| **Industrial REITs—0.7%** | **Industrial REITs—0.7%** |  |
| &nbsp;&nbsp;&nbsp; Rexford Industrial Realty LP 144A <br>4.375%, 3/15/27<sup>(1)</sup> <br>| 2655 | &nbsp;&nbsp; 2655 |
| **Internet—6.0%** | **Internet—6.0%** |  |
| &nbsp;&nbsp;&nbsp; Alibaba Group Holding Ltd. <br>0.500%, 6/1/31<br>| 1895 | &nbsp;&nbsp; 3350 |
| &nbsp;&nbsp;&nbsp; DoorDash, Inc. 144A <br>0.000%, 5/15/30<sup>(1)</sup> <br>| 3690 | &nbsp;&nbsp; 4074 |
| &nbsp;&nbsp;&nbsp; Opendoor Technologies, Inc. 144A <br>7.000%, 5/15/30<sup>(1)</sup> <br>| 155 | &nbsp;&nbsp; 791 |
| &nbsp;&nbsp;&nbsp; Spotify USA, Inc. <br>0.000%, 3/15/26<br>| 1895 | &nbsp;&nbsp; 2444 |
| &nbsp;&nbsp;&nbsp; Trip.com Group Ltd. <br>0.750%, 6/15/29<br>| 2045 | &nbsp;&nbsp; 2496 |
| Uber Technologies, Inc. |  |  |
| &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;&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;&nbsp; <br>0.000%, 12/15/25 | 4645 | &nbsp;&nbsp; 5526 |
| &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;&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;&nbsp; <br>0.875%, 12/1/28 | 670 | &nbsp;&nbsp; 975 |
| &nbsp;&nbsp;&nbsp; Wayfair, Inc. <br>3.250%, 9/15/27<br>| 2320 | &nbsp;&nbsp; 3971 |
|  |  | &nbsp;&nbsp; 23627 |
| **Investment Companies—3.2%** | **Investment Companies—3.2%** |  |
| &nbsp;&nbsp;&nbsp; Cipher Mining, Inc. 144A <br>0.000%, 10/1/31<sup>(1)</sup> <br>| 2725 | &nbsp;&nbsp; 3849 |
| &nbsp;&nbsp;&nbsp; IREN Ltd. 144A <br>0.000%, 7/1/31<sup>(1)</sup> <br>| 3700 | &nbsp;&nbsp; 3896 |
| &nbsp;&nbsp;&nbsp; Riot Platforms, Inc. 144A <br>0.750%, 1/15/30<sup>(1)</sup> <br>| 2130 | &nbsp;&nbsp; 3314 |
| &nbsp;&nbsp;&nbsp; Terawulf, Inc. 144A <br>0.000%, 5/1/32<sup>(1)</sup> <br>| 1525 | &nbsp;&nbsp; 1577 |
|  |  | &nbsp;&nbsp; 12636 |
| **Leisure Time—1.7%** | **Leisure Time—1.7%** |  |
| &nbsp;&nbsp;&nbsp; Carnival Corp. <br>5.750%, 12/1/27<br>| 960 | &nbsp;&nbsp; 2137 |
| &nbsp;&nbsp;&nbsp; NCL Corp., Ltd. 144A <br>0.750%, 9/15/30<sup>(1)</sup> <br>| 4630 | &nbsp;&nbsp; 4439 |
|  |  | &nbsp;&nbsp; 6576 |
| **Machinery-Construction & Mining—1.7%** | **Machinery-Construction & Mining—1.7%** |  |
| Bloom Energy Corp. |  |  |
| &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;&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;&nbsp; <br>3.000%, 6/1/29 | 540 | &nbsp;&nbsp; 3465 |

---

---

| | | |
|:---|:---|:---|
|  | **Par Value** | **Value** |
| **Machinery-Construction & Mining—continued** | **Machinery-Construction & Mining—continued** |  |
| &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;&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;&nbsp; <br>144A 0.000%, 11/15/30<sup>(1)(4)</sup> <br>| $3175 | &nbsp;&nbsp; $3228 |
|  |  | &nbsp;&nbsp; 6693 |
| **Media—0.4%** | **Media—0.4%** |  |
| &nbsp;&nbsp;&nbsp; Liberty Media Corp.-Liberty Formula One <br>2.250%, 8/15/27<br>| 1350 | &nbsp;&nbsp; 1727 |
| **Metal Fabricate/Hardware—0.4%** | **Metal Fabricate/Hardware—0.4%** |  |
| &nbsp;&nbsp;&nbsp; Xometry, Inc. 144A <br>0.750%, 6/15/30<sup>(1)(2)</sup> <br>| 1085 | &nbsp;&nbsp; 1414 |
| **Mining—1.6%** | **Mining—1.6%** |  |
| &nbsp;&nbsp;&nbsp; Centrus Energy Corp. 144A <br>0.000%, 8/15/32<sup>(1)</sup> <br>| 2400 | &nbsp;&nbsp; 4264 |
| &nbsp;&nbsp;&nbsp; MP Materials Corp. 144A <br>3.000%, 3/1/30<sup>(1)</sup> <br>| 650 | &nbsp;&nbsp; 1965 |
|  |  | &nbsp;&nbsp; 6229 |
| **Miscellaneous Manufacturing—0.9%** | **Miscellaneous Manufacturing—0.9%** |  |
| &nbsp;&nbsp;&nbsp; Axon Enterprise, Inc. <br>0.500%, 12/15/27<br>| 535 | &nbsp;&nbsp; 1711 |
| &nbsp;&nbsp;&nbsp; JBT Marel Corp. 144A <br>0.375%, 9/15/30<sup>(1)</sup> <br>| 2140 | &nbsp;&nbsp; 1996 |
|  |  | &nbsp;&nbsp; 3707 |
| **Office REITs—0.5%** | **Office REITs—0.5%** |  |
| &nbsp;&nbsp;&nbsp; Boston Properties LP 144A <br>2.000%, 10/1/30<sup>(1)</sup> <br>| 1885 | &nbsp;&nbsp; 1844 |
| **Oil, Gas & Consumable Fuels—0.7%** | **Oil, Gas & Consumable Fuels—0.7%** |  |
| &nbsp;&nbsp;&nbsp; Solaris Energy Infrastructure, Inc. <br>0.250%, 10/1/31<br>| 2380 | &nbsp;&nbsp; 2830 |
| **Personal Care Product—0.5%** | **Personal Care Product—0.5%** |  |
| &nbsp;&nbsp;&nbsp; Oddity Finance LLC 144A <br>0.000%, 6/15/30<sup>(1)(3)</sup> <br>| 2110 | &nbsp;&nbsp; 1862 |
| **Pharmaceuticals—0.8%** | **Pharmaceuticals—0.8%** |  |
| &nbsp;&nbsp;&nbsp; Jazz Investments I Ltd. <br>3.125%, 9/15/30<br>| 2590 | &nbsp;&nbsp; 3162 |
| **Retail—0.6%** | **Retail—0.6%** |  |
| &nbsp;&nbsp;&nbsp; Burlington Stores, Inc. <br>1.250%, 12/15/27<sup>(2)</sup> <br>| 1555 | &nbsp;&nbsp; 2221 |
| **Semiconductors—5.3%** | **Semiconductors—5.3%** |  |
| &nbsp;&nbsp;&nbsp; Cohu, Inc. 144A <br>1.500%, 1/15/31<sup>(1)</sup> <br>| 1895 | &nbsp;&nbsp; 2140 |
| &nbsp;&nbsp;&nbsp; Impinj, Inc. 144A <br>0.000%, 9/15/29<sup>(1)</sup> <br>| 1620 | &nbsp;&nbsp; 1766 |
| &nbsp;&nbsp;&nbsp; MACOM Technology Solutions Holdings, Inc. 144A <br>0.000%, 12/15/29<sup>(1)(3)</sup> <br>| 2705 | &nbsp;&nbsp; 2997 |
| &nbsp;&nbsp;&nbsp; MKS, Inc. <br>1.250%, 6/1/30<br>| 2360 | &nbsp;&nbsp; 2832 |
| &nbsp;&nbsp;&nbsp; Nova Ltd. 144A <br>0.000%, 9/15/30<sup>(1)</sup> <br>| 1815 | &nbsp;&nbsp; 2323 |
| &nbsp;&nbsp;&nbsp; ON Semiconductor Corp. <br>0.000%, 5/1/27<br>| 1175 | &nbsp;&nbsp; 1360 |

---

See Notes to Schedule of Investments

------

**VIRTUS Convertible & Income Fund**

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

**October 31, 2025**

($ reported in thousands)

---

| | | |
|:---|:---|:---|
|  | **Par Value** | **Value** |
| **Semiconductors—continued** | **Semiconductors—continued** |  |
| &nbsp;&nbsp;&nbsp; Semtech Corp. 144A <br>0.000%, 10/15/30<sup>(1)</sup> <br>| $3090 | &nbsp;&nbsp; $3133 |
| &nbsp;&nbsp;&nbsp; Synaptics, Inc. 144A <br>0.750%, 12/1/31<sup>(1)</sup> <br>| 1875 | &nbsp;&nbsp; 1886 |
| &nbsp;&nbsp;&nbsp; Veeco Instruments, Inc. <br>2.875%, 6/1/29<br>| 1800 | &nbsp;&nbsp; 2235 |
| &nbsp;&nbsp;&nbsp; Wolfspeed, Inc. <br>2.500%, 6/15/31<br>| 191 | &nbsp;&nbsp; 415 |
|  |  | &nbsp;&nbsp; 21087 |
| **Software—9.5%** | **Software—9.5%** |  |
| &nbsp;&nbsp;&nbsp; Alignment Healthcare, Inc. 144A <br>4.250%, 11/15/29<sup>(1)(2)</sup> <br>| 1770 | &nbsp;&nbsp; 2452 |
| &nbsp;&nbsp;&nbsp; Bitfarms Ltd. 144A <br>1.375%, 1/15/31<sup>(1)</sup> <br>| 235 | &nbsp;&nbsp; 213 |
| &nbsp;&nbsp;&nbsp; Cloudflare, Inc. <br>0.000%, 8/15/26<br>| 4530 | &nbsp;&nbsp; 6312 |
| &nbsp;&nbsp;&nbsp; Datadog, Inc. 144A <br>0.000%, 12/1/29<sup>(1)(3)</sup> <br>| 4645 | &nbsp;&nbsp; 4926 |
| &nbsp;&nbsp;&nbsp; Guidewire Software, Inc. 144A <br>1.250%, 11/1/29<sup>(1)</sup> <br>| 2810 | &nbsp;&nbsp; 3313 |
| &nbsp;&nbsp;&nbsp; Nebius Group N.V. 144A <br>1.000%, 9/15/30<sup>(1)</sup> <br>| 1580 | &nbsp;&nbsp; 2014 |
| &nbsp;&nbsp;&nbsp; Nutanix, Inc. 144A <br>0.500%, 12/15/29<sup>(1)(2)</sup> <br>| 2420 | &nbsp;&nbsp; 2666 |
| &nbsp;&nbsp;&nbsp; Snowflake, Inc. <br>0.000%, 10/1/29<br>| 3405 | &nbsp;&nbsp; 6274 |
| Strategy, Inc. |  |  |
| &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;&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;&nbsp; <br>144A 0.000%, 12/1/29<sup>(1)(3)</sup> <br>| 6115 | &nbsp;&nbsp; 5320 |
| &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;&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;&nbsp; <br>144A 0.000%, 3/1/30<sup>(1)</sup> <br>| 1845 | &nbsp;&nbsp; 1817 |
| &nbsp;&nbsp;&nbsp; Unity Software, Inc. 144A <br>0.000%, 3/15/30<sup>(1)</sup> <br>| 1705 | &nbsp;&nbsp; 2219 |
|  |  | &nbsp;&nbsp; 37526 |
| **Telecommunications—2.9%** | **Telecommunications—2.9%** |  |
| &nbsp;&nbsp;&nbsp; AST SpaceMobile, Inc. 144A <br>2.000%, 1/15/36<sup>(1)</sup> <br>| 2250 | &nbsp;&nbsp; 2391 |
| &nbsp;&nbsp;&nbsp; GDS Holdings Ltd. 144A <br>2.250%, 6/1/32<sup>(1)(2)</sup> <br>| 1510 | &nbsp;&nbsp; 2022 |
| &nbsp;&nbsp;&nbsp; InterDigital, Inc. <br>3.500%, 6/1/27<br>| 740 | &nbsp;&nbsp; 3469 |
| &nbsp;&nbsp;&nbsp; Viavi Solutions, Inc. 144A <br>0.625%, 3/1/31<sup>(1)</sup> <br>| 2485 | &nbsp;&nbsp; 3488 |
|  |  | &nbsp;&nbsp; 11370 |
| **Water Utilities—0.8%** | **Water Utilities—0.8%** |  |
| &nbsp;&nbsp;&nbsp; American Water Capital Corp. <br>3.625%, 6/15/26<br>| 3215 | &nbsp;&nbsp; 3202 |
| **Total Convertible Bonds and Notes** <br>**(Identified Cost $257,156)** | **Total Convertible Bonds and Notes** <br>**(Identified Cost $257,156)** | &nbsp;&nbsp; **310780** |
| **Corporate Bonds and Notes—50.2%** | **Corporate Bonds and Notes—50.2%** | **Corporate Bonds and Notes—50.2%** |
| **Aerospace & Defense—2.7%** | **Aerospace & Defense—2.7%** |  |
| &nbsp;&nbsp;&nbsp; AAR Escrow Issuer LLC 144A <br>6.750%, 3/15/29<sup>(1)</sup> <br>| 2185 | &nbsp;&nbsp; 2256 |
| &nbsp;&nbsp;&nbsp; Bombardier, Inc. 144A <br>6.750%, 6/15/33<sup>(1)</sup> <br>| 3225 | &nbsp;&nbsp; 3386 |

---

---

| | | |
|:---|:---|:---|
|  | **Par Value** | **Value** |
| **Aerospace & Defense—continued** | **Aerospace & Defense—continued** |  |
| TransDigm, Inc. |  |  |
| &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;&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;&nbsp; <br>144A 6.375%, 5/31/33<sup>(1)</sup> <br>| $2245 | &nbsp;&nbsp; $2288 |
| &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;&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;&nbsp; <br>144A 6.750%, 1/31/34<sup>(1)</sup> <br>| 2655 | &nbsp;&nbsp; 2751 |
|  |  | &nbsp;&nbsp; 10681 |
| **Auto Components—0.4%** | **Auto Components—0.4%** |  |
| &nbsp;&nbsp;&nbsp; Goodyear Tire & Rubber Co. (The) <br>6.625%, 7/15/30<sup>(2)</sup> <br>| 1650 | &nbsp;&nbsp; 1639 |
| **Automotive Parts & Equipment—2.4%** | **Automotive Parts & Equipment—2.4%** |  |
| &nbsp;&nbsp;&nbsp; Adient Global Holdings Ltd. 144A <br>7.500%, 2/15/33<sup>(1)</sup> <br>| 2165 | &nbsp;&nbsp; 2238 |
| &nbsp;&nbsp;&nbsp; American Axle & Manufacturing, Inc. 144A <br>7.750%, 10/15/33<sup>(1)</sup> <br>| 1675 | &nbsp;&nbsp; 1677 |
| &nbsp;&nbsp;&nbsp; Clarios Global LP 144A <br>6.750%, 9/15/32<sup>(1)(2)</sup> <br>| 2220 | &nbsp;&nbsp; 2272 |
| &nbsp;&nbsp;&nbsp; Garrett Motion Holdings, Inc. 144A <br>7.750%, 5/31/32<sup>(1)</sup> <br>| 1605 | &nbsp;&nbsp; 1689 |
| &nbsp;&nbsp;&nbsp; Tenneco, Inc. 144A <br>8.000%, 11/17/28<sup>(1)</sup> <br>| 1685 | &nbsp;&nbsp; 1680 |
|  |  | &nbsp;&nbsp; 9556 |
| **Building Materials—1.8%** | **Building Materials—1.8%** |  |
| &nbsp;&nbsp;&nbsp; AmeriTex HoldCo Intermediate LLC 144A <br>7.625%, 8/15/33<sup>(1)</sup> <br>| 1760 | &nbsp;&nbsp; 1841 |
| &nbsp;&nbsp;&nbsp; Builders FirstSource, Inc. 144A <br>6.375%, 6/15/32<sup>(1)</sup> <br>| 1895 | &nbsp;&nbsp; 1964 |
| &nbsp;&nbsp;&nbsp; Quikrete Holdings, Inc. 144A <br>6.750%, 3/1/33<sup>(1)(2)</sup> <br>| 3225 | &nbsp;&nbsp; 3356 |
|  |  | &nbsp;&nbsp; 7161 |
| **Chemicals—0.8%** | **Chemicals—0.8%** |  |
| &nbsp;&nbsp;&nbsp; Celanese U.S. Holdings LLC <br>6.750%, 4/15/33<sup>(2)</sup> <br>| 1085 | &nbsp;&nbsp; 1068 |
| &nbsp;&nbsp;&nbsp; Chemours Co. (The) 144A <br>8.000%, 1/15/33<sup>(1)</sup> <br>| 2330 | &nbsp;&nbsp; 2252 |
|  |  | &nbsp;&nbsp; 3320 |
| **Commercial Services—2.9%** | **Commercial Services—2.9%** |  |
| &nbsp;&nbsp;&nbsp; Avis Budget Car Rental LLC 144A <br>8.000%, 2/15/31<sup>(1)(2)</sup> <br>| 2875 | &nbsp;&nbsp; 2922 |
| &nbsp;&nbsp;&nbsp; EquipmentShare.com, Inc. 144A <br>8.625%, 5/15/32<sup>(1)</sup> <br>| 1630 | &nbsp;&nbsp; 1645 |
| &nbsp;&nbsp;&nbsp; Herc Holdings, Inc. 144A <br>7.250%, 6/15/33<sup>(1)(2)</sup> <br>| 2640 | &nbsp;&nbsp; 2784 |
| &nbsp;&nbsp;&nbsp; Shift4 Payments LLC 144A <br>6.750%, 8/15/32<sup>(1)</sup> <br>| 1895 | &nbsp;&nbsp; 1957 |
| &nbsp;&nbsp;&nbsp; Williams Scotsman, Inc. 144A <br>6.625%, 4/15/30<sup>(1)</sup> <br>| 2145 | &nbsp;&nbsp; 2218 |
|  |  | &nbsp;&nbsp; 11526 |
| **Computers—1.8%** | **Computers—1.8%** |  |
| &nbsp;&nbsp;&nbsp; CACI International, Inc. 144A <br>6.375%, 6/15/33<sup>(1)</sup> <br>| 1105 | &nbsp;&nbsp; 1149 |
| &nbsp;&nbsp;&nbsp; McAfee Corp. 144A <br>7.375%, 2/15/30<sup>(1)</sup> <br>| 2530 | &nbsp;&nbsp; 2316 |

---

See Notes to Schedule of Investments

------

**VIRTUS Convertible & Income Fund**

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

**October 31, 2025**

($ reported in thousands)

---

| | | |
|:---|:---|:---|
|  | **Par Value** | **Value** |
| **Computers—continued** | **Computers—continued** |  |
| &nbsp;&nbsp;&nbsp; Seagate Data Storage Technology Pte Ltd. 144A <br>8.500%, 7/15/31<sup>(1)</sup> <br>| $3345 | &nbsp;&nbsp; $3560 |
|  |  | &nbsp;&nbsp; 7025 |
| **Containers & Packaging—1.1%** | **Containers & Packaging—1.1%** |  |
| &nbsp;&nbsp;&nbsp; Mauser Packaging Solutions Holding Co. 144A <br>7.875%, 4/15/27<sup>(1)</sup> <br>| 2805 | &nbsp;&nbsp; 2812 |
| &nbsp;&nbsp;&nbsp; Owens-Brockway Glass Container, Inc. 144A <br>7.250%, 5/15/31<sup>(1)(2)</sup> <br>| 1655 | &nbsp;&nbsp; 1622 |
|  |  | &nbsp;&nbsp; 4434 |
| **Diversified REITs—1.1%** | **Diversified REITs—1.1%** |  |
| Iron Mountain, Inc. |  |  |
| &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;&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;&nbsp; <br>144A 7.000%, 2/15/29<sup>(1)</sup> <br>| 1640 | &nbsp;&nbsp; 1689 |
| &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;&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;&nbsp; <br>144A 6.250%, 1/15/33<sup>(1)</sup> <br>| 2680 | &nbsp;&nbsp; 2741 |
|  |  | &nbsp;&nbsp; 4430 |
| **Electric Utilities—1.3%** | **Electric Utilities—1.3%** |  |
| &nbsp;&nbsp;&nbsp; NRG Energy, Inc. 144A <br>6.250%, 11/1/34<sup>(1)</sup> <br>| 2665 | &nbsp;&nbsp; 2744 |
| &nbsp;&nbsp;&nbsp; Talen Energy Supply LLC 144A <br>6.500%, 2/1/36<sup>(1)(2)</sup> <br>| 2175 | &nbsp;&nbsp; 2253 |
|  |  | &nbsp;&nbsp; 4997 |
| **Electronic Equipment, Instruments & Components—0.5%** | **Electronic Equipment, Instruments & Components—0.5%** |  |
| &nbsp;&nbsp;&nbsp; WESCO Distribution, Inc. 144A <br>6.375%, 3/15/33<sup>(1)</sup> <br>| 1700 | &nbsp;&nbsp; 1776 |
| **Entertainment—2.1%** | **Entertainment—2.1%** |  |
| &nbsp;&nbsp;&nbsp; Caesars Entertainment, Inc. 144A <br>6.000%, 10/15/32<sup>(1)(2)</sup> <br>| 2900 | &nbsp;&nbsp; 2767 |
| &nbsp;&nbsp;&nbsp; Churchill Downs, Inc. 144A <br>6.750%, 5/1/31<sup>(1)</sup> <br>| 1090 | &nbsp;&nbsp; 1114 |
| &nbsp;&nbsp;&nbsp; Light & Wonder International, Inc. 144A <br>6.250%, 10/1/33<sup>(1)</sup> <br>| 2260 | &nbsp;&nbsp; 2250 |
| &nbsp;&nbsp;&nbsp; SeaWorld Parks & Entertainment, Inc. 144A <br>5.250%, 8/15/29<sup>(1)</sup> <br>| 1120 | &nbsp;&nbsp; 1099 |
| &nbsp;&nbsp;&nbsp; Starz Capital Holdings 1, Inc. 144A <br>6.000%, 4/15/30<sup>(1)</sup> <br>| 1025 | &nbsp;&nbsp; 963 |
|  |  | &nbsp;&nbsp; 8193 |
| **Environmental Services—0.9%** | **Environmental Services—0.9%** |  |
| &nbsp;&nbsp;&nbsp; GFL Environmental, Inc. 144A <br>6.750%, 1/15/31<sup>(1)</sup> <br>| 1520 | &nbsp;&nbsp; 1590 |
| &nbsp;&nbsp;&nbsp; Waste Pro USA, Inc. 144A <br>7.000%, 2/1/33<sup>(1)</sup> <br>| 1985 | &nbsp;&nbsp; 2063 |
|  |  | &nbsp;&nbsp; 3653 |
| **Financial Services—4.5%** | **Financial Services—4.5%** |  |
| Navient Corp. |  |  |
| &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;&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;&nbsp; <br>9.375%, 7/25/30<sup>(2)</sup> <br>| 1475 | &nbsp;&nbsp; 1621 |
| &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;&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;&nbsp; <br>7.875%, 6/15/32 | 1710 | &nbsp;&nbsp; 1767 |
| OneMain Finance Corp. |  |  |
| &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;&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;&nbsp; <br>7.125%, 11/15/31<sup>(2)</sup> <br>| 2740 | &nbsp;&nbsp; 2839 |
| &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;&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;&nbsp; <br>7.125%, 9/15/32 | 2200 | &nbsp;&nbsp; 2271 |
| PennyMac Financial Services, Inc. |  |  |
| &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;&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;&nbsp; <br>144A 7.875%, 12/15/29<sup>(1)</sup> <br>| 2095 | &nbsp;&nbsp; 2226 |

---

---

| | | |
|:---|:---|:---|
|  | **Par Value** | **Value** |
| **Financial Services—continued** | **Financial Services—continued** |  |
| &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;&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;&nbsp; <br>144A 6.875%, 2/15/33<sup>(1)</sup> <br>| $1060 | &nbsp;&nbsp; $1097 |
| &nbsp;&nbsp;&nbsp; PRA Group, Inc. 144A <br>8.375%, 2/1/28<sup>(1)</sup> <br>| 1545 | &nbsp;&nbsp; 1568 |
| Rocket Cos., Inc. |  |  |
| &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;&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;&nbsp; <br>144A 7.125%, 2/1/32<sup>(1)</sup> <br>| 2105 | &nbsp;&nbsp; 2210 |
| &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;&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;&nbsp; <br>144A 6.375%, 8/1/33<sup>(1)</sup> <br>| 2115 | &nbsp;&nbsp; 2203 |
|  |  | &nbsp;&nbsp; 17802 |
| **Food & Beverage—1.3%** | **Food & Beverage—1.3%** |  |
| &nbsp;&nbsp;&nbsp; Performance Food Group, Inc. 144A <br>6.125%, 9/15/32<sup>(1)</sup> <br>| 2320 | &nbsp;&nbsp; 2382 |
| &nbsp;&nbsp;&nbsp; Post Holdings, Inc. 144A <br>6.375%, 3/1/33<sup>(1)</sup> <br>| 2715 | &nbsp;&nbsp; 2750 |
|  |  | &nbsp;&nbsp; 5132 |
| **Healthcare-Products—0.8%** | **Healthcare-Products—0.8%** |  |
| &nbsp;&nbsp;&nbsp; Insulet Corp. 144A <br>6.500%, 4/1/33<sup>(1)</sup> <br>| 1590 | &nbsp;&nbsp; 1656 |
| &nbsp;&nbsp;&nbsp; Medline Borrower LP 144A <br>5.250%, 10/1/29<sup>(1)</sup> <br>| 1680 | &nbsp;&nbsp; 1674 |
|  |  | &nbsp;&nbsp; 3330 |
| **Healthcare-Services—2.0%** | **Healthcare-Services—2.0%** |  |
| &nbsp;&nbsp;&nbsp; Concentra Health Services, Inc. 144A <br>6.875%, 7/15/32<sup>(1)(2)</sup> <br>| 2195 | &nbsp;&nbsp; 2290 |
| &nbsp;&nbsp;&nbsp; DaVita, Inc. 144A <br>6.750%, 7/15/33<sup>(1)</sup> <br>| 2090 | &nbsp;&nbsp; 2167 |
| &nbsp;&nbsp;&nbsp; Global Medical Response, Inc. 144A <br>7.375%, 10/1/32<sup>(1)</sup> <br>| 1705 | &nbsp;&nbsp; 1784 |
| &nbsp;&nbsp;&nbsp; Tenet Healthcare Corp. <br>6.125%, 10/1/28<br>| 1655 | &nbsp;&nbsp; 1657 |
|  |  | &nbsp;&nbsp; 7898 |
| **Housewares—0.5%** | **Housewares—0.5%** |  |
| &nbsp;&nbsp;&nbsp; Newell Brands, Inc. 144A <br>8.500%, 6/1/28<sup>(1)</sup> <br>| 1860 | &nbsp;&nbsp; 1908 |
| **Insurance—0.9%** | **Insurance—0.9%** |  |
| &nbsp;&nbsp;&nbsp; Panther Escrow Issuer LLC 144A <br>7.125%, 6/1/31<sup>(1)</sup> <br>| 3280 | &nbsp;&nbsp; 3390 |
| **Internet—1.4%** | **Internet—1.4%** |  |
| &nbsp;&nbsp;&nbsp; Gen Digital, Inc. 144A <br>6.250%, 4/1/33<sup>(1)</sup> <br>| 3235 | &nbsp;&nbsp; 3330 |
| &nbsp;&nbsp;&nbsp; Snap, Inc. 144A <br>6.875%, 3/1/33<sup>(1)</sup> <br>| 2165 | &nbsp;&nbsp; 2214 |
|  |  | &nbsp;&nbsp; 5544 |
| **Iron & Steel—0.6%** | **Iron & Steel—0.6%** |  |
| &nbsp;&nbsp;&nbsp; Cleveland-Cliffs, Inc. 144A <br>7.625%, 1/15/34<sup>(1)</sup> <br>| 2245 | &nbsp;&nbsp; 2334 |
| **Leisure Time—1.6%** | **Leisure Time—1.6%** |  |
| &nbsp;&nbsp;&nbsp; Amer Sports Co. 144A <br>6.750%, 2/16/31<sup>(1)</sup> <br>| 1615 | &nbsp;&nbsp; 1680 |
| &nbsp;&nbsp;&nbsp; Carnival Corp. 144A <br>5.750%, 8/1/32<sup>(1)</sup> <br>| 1125 | &nbsp;&nbsp; 1155 |

---

See Notes to Schedule of Investments

------

**VIRTUS Convertible & Income Fund**

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

**October 31, 2025**

($ reported in thousands)

---

| | | |
|:---|:---|:---|
|  | **Par Value** | **Value** |
| **Leisure Time—continued** | **Leisure Time—continued** |  |
| &nbsp;&nbsp;&nbsp; NCL Corp., Ltd. 144A <br>6.750%, 2/1/32<sup>(1)</sup> <br>| $3295 | &nbsp;&nbsp; $3386 |
|  |  | &nbsp;&nbsp; 6221 |
| **Lodging—0.3%** | **Lodging—0.3%** |  |
| &nbsp;&nbsp;&nbsp; Station Casinos LLC 144A <br>6.625%, 3/15/32<sup>(1)</sup> <br>| 1135 | &nbsp;&nbsp; 1154 |
| **Machinery-Diversified—0.6%** | **Machinery-Diversified—0.6%** |  |
| &nbsp;&nbsp;&nbsp; Chart Industries, Inc. 144A <br>7.500%, 1/1/30<sup>(1)</sup> <br>| 2140 | &nbsp;&nbsp; 2232 |
| **Media—3.8%** | **Media—3.8%** |  |
| CCO Holdings LLC |  |  |
| &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;&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;&nbsp; <br>4.500%, 5/1/32 | 1200 | &nbsp;&nbsp; 1067 |
| &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;&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;&nbsp; <br>144A 6.375%, 9/1/29<sup>(1)</sup> <br>| 1700 | &nbsp;&nbsp; 1714 |
| &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;&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;&nbsp; <br>144A 7.375%, 3/1/31<sup>(1)</sup> <br>| 2105 | &nbsp;&nbsp; 2137 |
| &nbsp;&nbsp;&nbsp; DIRECTV Financing LLC 144A <br>8.875%, 2/1/30<sup>(1)</sup> <br>| 2220 | &nbsp;&nbsp; 2207 |
| &nbsp;&nbsp;&nbsp; Gray Media, Inc. 144A <br>9.625%, 7/15/32<sup>(1)</sup> <br>| 1655 | &nbsp;&nbsp; 1663 |
| &nbsp;&nbsp;&nbsp; Nexstar Media, Inc. 144A <br>5.625%, 7/15/27<sup>(1)</sup> <br>| 1670 | &nbsp;&nbsp; 1669 |
| &nbsp;&nbsp;&nbsp; Sirius XM Radio LLC 144A <br>5.500%, 7/1/29<sup>(1)</sup> <br>| 2205 | &nbsp;&nbsp; 2208 |
| &nbsp;&nbsp;&nbsp; Versant Media Group, Inc. 144A <br>7.250%, 1/30/31<sup>(1)</sup> <br>| 2190 | &nbsp;&nbsp; 2232 |
|  |  | &nbsp;&nbsp; 14897 |
| **Mining—1.3%** | **Mining—1.3%** |  |
| &nbsp;&nbsp;&nbsp; Arsenal AIC Parent LLC 144A <br>8.000%, 10/1/30<sup>(1)</sup> <br>| 1620 | &nbsp;&nbsp; 1721 |
| &nbsp;&nbsp;&nbsp; Capstone Copper Corp. 144A <br>6.750%, 3/31/33<sup>(1)</sup> <br>| 1605 | &nbsp;&nbsp; 1661 |
| &nbsp;&nbsp;&nbsp; Hudbay Minerals, Inc. 144A <br>6.125%, 4/1/29<sup>(1)</sup> <br>| 1720 | &nbsp;&nbsp; 1741 |
|  |  | &nbsp;&nbsp; 5123 |
| **Miscellaneous Manufacturing—0.4%** | **Miscellaneous Manufacturing—0.4%** |  |
| &nbsp;&nbsp;&nbsp; Axon Enterprise, Inc. 144A <br>6.250%, 3/15/33<sup>(1)</sup> <br>| 1690 | &nbsp;&nbsp; 1747 |
| **Oil, Gas & Consumable Fuels—3.7%** | **Oil, Gas & Consumable Fuels—3.7%** |  |
| &nbsp;&nbsp;&nbsp; CITGO Petroleum Corp. 144A <br>8.375%, 1/15/29<sup>(1)</sup> <br>| 1715 | &nbsp;&nbsp; 1783 |
| &nbsp;&nbsp;&nbsp; Civitas Resources, Inc. 144A <br>8.750%, 7/1/31<sup>(1)</sup> <br>| 1625 | &nbsp;&nbsp; 1671 |
| &nbsp;&nbsp;&nbsp; CNX Resources Corp. 144A <br>7.375%, 1/15/31<sup>(1)</sup> <br>| 2150 | &nbsp;&nbsp; 2225 |
| &nbsp;&nbsp;&nbsp; Northern Oil & Gas, Inc. 144A <br>8.750%, 6/15/31<sup>(1)</sup> <br>| 1650 | &nbsp;&nbsp; 1682 |
| &nbsp;&nbsp;&nbsp; Permian Resources Operating LLC 144A <br>6.250%, 2/1/33<sup>(1)</sup> <br>| 1650 | &nbsp;&nbsp; 1679 |
| &nbsp;&nbsp;&nbsp; SM Energy Co. 144A <br>7.000%, 8/1/32<sup>(1)</sup> <br>| 1115 | &nbsp;&nbsp; 1091 |
| &nbsp;&nbsp;&nbsp; Sunoco LP 144A <br>6.250%, 7/1/33<sup>(1)</sup> <br>| 2220 | &nbsp;&nbsp; 2267 |

---

---

| | | |
|:---|:---|:---|
|  | **Par Value** | **Value** |
| **Oil, Gas & Consumable Fuels—continued** | **Oil, Gas & Consumable Fuels—continued** |  |
| &nbsp;&nbsp;&nbsp; Transocean Titan Financing Ltd. 144A <br>8.375%, 2/1/28<sup>(1)</sup> <br>| $1935 | &nbsp;&nbsp; $1988 |
|  |  | &nbsp;&nbsp; 14386 |
| **Paper & Forest Products—0.2%** | **Paper & Forest Products—0.2%** |  |
| &nbsp;&nbsp;&nbsp; Mercer International, Inc. 144A <br>5.125%, 2/1/29<sup>(1)</sup> <br>| 1470 | &nbsp;&nbsp; 950 |
| **Pipelines—0.6%** | **Pipelines—0.6%** |  |
| &nbsp;&nbsp;&nbsp; Venture Global Plaquemines LNG LLC 144A <br>6.750%, 1/15/36<sup>(1)</sup> <br>| 2140 | &nbsp;&nbsp; 2267 |
| **Retail—1.4%** | **Retail—1.4%** |  |
| &nbsp;&nbsp;&nbsp; Advance Auto Parts, Inc. 144A <br>7.375%, 8/1/33<sup>(1)</sup> <br>| 2240 | &nbsp;&nbsp; 2268 |
| &nbsp;&nbsp;&nbsp; Bath & Body Works, Inc. <br>6.875%, 11/1/35<br>| 1070 | &nbsp;&nbsp; 1119 |
| &nbsp;&nbsp;&nbsp; New Red Finance, Inc. 144A <br>6.125%, 6/15/29<sup>(1)</sup> <br>| 2140 | &nbsp;&nbsp; 2199 |
|  |  | &nbsp;&nbsp; 5586 |
| **Software—1.0%** | **Software—1.0%** |  |
| &nbsp;&nbsp;&nbsp; Cloud Software Group, Inc. 144A <br>6.500%, 3/31/29<sup>(1)</sup> <br>| 2215 | &nbsp;&nbsp; 2232 |
| &nbsp;&nbsp;&nbsp; UKG, Inc. 144A <br>6.875%, 2/1/31<sup>(1)</sup> <br>| 1620 | &nbsp;&nbsp; 1667 |
|  |  | &nbsp;&nbsp; 3899 |
| **Telecommunications—1.5%** | **Telecommunications—1.5%** |  |
| &nbsp;&nbsp;&nbsp; Frontier Communications Holdings LLC 144A <br>8.750%, 5/15/30<sup>(1)</sup> <br>| 1040 | &nbsp;&nbsp; 1088 |
| &nbsp;&nbsp;&nbsp; Vmed O2 UK Financing I plc 144A <br>7.750%, 4/15/32<sup>(1)(2)</sup> <br>| 2640 | &nbsp;&nbsp; 2737 |
| &nbsp;&nbsp;&nbsp; WULF Compute LLC 144A <br>7.750%, 10/15/30<sup>(1)(2)</sup> <br>| 2160 | &nbsp;&nbsp; 2244 |
|  |  | &nbsp;&nbsp; 6069 |
| **Transportation—2.0%** | **Transportation—2.0%** |  |
| &nbsp;&nbsp;&nbsp; FTAI Aviation Investors LLC 144A <br>7.875%, 12/1/30<sup>(1)</sup> <br>| 2565 | &nbsp;&nbsp; 2726 |
| &nbsp;&nbsp;&nbsp; Stonepeak Nile Parent LLC 144A <br>7.250%, 3/15/32<sup>(1)</sup> <br>| 2225 | &nbsp;&nbsp; 2353 |
| &nbsp;&nbsp;&nbsp; XPO, Inc. 144A <br>7.125%, 6/1/31<sup>(1)</sup> <br>| 2650 | &nbsp;&nbsp; 2767 |
|  |  | &nbsp;&nbsp; 7846 |
| **Total Corporate Bonds and Notes** <br>**(Identified Cost $194,274)** | **Total Corporate Bonds and Notes** <br>**(Identified Cost $194,274)** | &nbsp;&nbsp; **198106** |

---

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

---

| | | |
|:---|:---|:---|
|  | **Shares** |  |
| **Convertible Preferred Stocks—10.3%** | **Convertible Preferred Stocks—10.3%** | **Convertible Preferred Stocks—10.3%** |
| **Aerospace & Defense—2.0%** | **Aerospace & Defense—2.0%** |  |
| Boeing Co. (The), 6.000% | 119830 | &nbsp;&nbsp; 7755 |
| **Banks—2.4%** | **Banks—2.4%** |  |
| Wells Fargo & Co. Series L, 7.500% | 7765 | &nbsp;&nbsp; 9607 |

---

See Notes to Schedule of Investments

------

**VIRTUS Convertible & Income Fund**

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

**October 31, 2025**

($ reported in thousands)

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Capital Markets—1.3%** | **Capital Markets—1.3%** |  |
| Ares Management Corp. Series B, 6.750% | 40455 | &nbsp;&nbsp; $1913 |
| KKR & Co., Inc. Series D, 6.250% | 66375 | &nbsp;&nbsp; 3254 |
|  |  | &nbsp;&nbsp; 5167 |
| **Electric Utilities—1.4%** | **Electric Utilities—1.4%** |  |
| NextEra Energy, Inc., 7.299% | 18350 | &nbsp;&nbsp; 964 |
| PG&E Corp. Series A, 6.000% | 111390 | &nbsp;&nbsp; 4578 |
|  |  | &nbsp;&nbsp; 5542 |
| **Financial Services—0.3%** | **Financial Services—0.3%** |  |
| Shift4 Payments, Inc., 6.000% | 11665 | &nbsp;&nbsp; 997 |
| **Healthcare Providers & Services—0.9%** | **Healthcare Providers & Services—0.9%** |  |
| BrightSpring Health Services, Inc., 6.750% | 32275 | &nbsp;&nbsp; 3563 |
| **Semiconductors & Semiconductor Equipment—0.8%** | **Semiconductors & Semiconductor Equipment—0.8%** |  |
| Microchip Technology, Inc., 7.500% | 56630 | &nbsp;&nbsp; 3279 |
| **Software—0.2%** | **Software—0.2%** |  |
| Strategy, Inc., 8.000% | 9075 | &nbsp;&nbsp; 780 |
| **Technology Hardware, Storage & Peripherals—0.5%** | **Technology Hardware, Storage & Peripherals—0.5%** |  |
| Hewlett Packard Enterprise Co., 7.625% | 31095 | &nbsp;&nbsp; 2101 |
| **Trading Companies & Distributors—0.5%** | **Trading Companies & Distributors—0.5%** |  |
| QXO, Inc., 5.500% | 37490 | &nbsp;&nbsp; 1914 |
| **Total Convertible Preferred Stocks** <br>**(Identified Cost $31,465)** | **Total Convertible Preferred Stocks** <br>**(Identified Cost $31,465)** | &nbsp;&nbsp; **40705** |
| **Preferred Stock—0.0%** | **Preferred Stock—0.0%** | **Preferred Stock—0.0%** |
| **Entertainment—0.0%** | **Entertainment—0.0%** |  |
| LiveStyle, Inc. Series B<sup>(4)(5)(6)</sup> <br>| 4196 | &nbsp;&nbsp; 2 |
| **Total Preferred Stock** <br>**(Identified Cost $411)** | **Total Preferred Stock** <br>**(Identified Cost $411)** | &nbsp;&nbsp; **2** |
| **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> <br>| 7808320 | &nbsp;&nbsp; 468 |
| CCF Holdings LLC Class M<sup>(4)(5)</sup> <br>| 879959 | &nbsp;&nbsp; 53 |
|  |  | &nbsp;&nbsp; 521 |
| **Consumer Finance—0.0%** | **Consumer Finance—0.0%** |  |
| Erickson, Inc.<sup>(4)(5)</sup> <br>| 8295 | &nbsp;&nbsp; — |
| **Entertainment—0.0%** | **Entertainment—0.0%** |  |
| LiveStyle, Inc. <sup>(4)(5)(6)</sup> <br>| 90407 | &nbsp;&nbsp; — |
| **IT Services—0.0%** | **IT Services—0.0%** |  |
| Shopify, Inc. Class A<sup>(5)</sup> <br>| 56 | &nbsp;&nbsp; 10 |
| **Total Common Stocks** <br>**(Identified Cost $30,183)** | **Total Common Stocks** <br>**(Identified Cost $30,183)** | &nbsp;&nbsp; **531** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **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> <br>| 1455681 | &nbsp;&nbsp; $— |
| **Total Warrant** <br>**(Identified Cost $—)** | **Total Warrant** <br>**(Identified Cost $—)** | &nbsp;&nbsp; **—** |
| **Total Long-Term Investments—139.5%** <br>**(Identified Cost $513,489)** | **Total Long-Term Investments—139.5%** <br>**(Identified Cost $513,489)** | &nbsp;&nbsp; **550124** |
| **Short-Term Investment—6.5%** | **Short-Term Investment—6.5%** | **Short-Term Investment—6.5%** |
| **Money Market Mutual Fund—6.5%** | **Money Market Mutual Fund—6.5%** | **Money Market Mutual Fund—6.5%** |
| &nbsp;&nbsp;&nbsp; BlackRock Liquidity FedFund - Institutional Shares <br> (seven-day effective yield 3.982%)<sup>(7)</sup> <br>| 25896002 | &nbsp;&nbsp; 25896 |
| **Total Short-Term Investment** <br>**(Identified Cost $25,896)** | **Total Short-Term Investment** <br>**(Identified Cost $25,896)** | &nbsp;&nbsp; **25896** |
| **Securities Lending Collateral—0.5%** | **Securities Lending Collateral—0.5%** | **Securities Lending Collateral—0.5%** |
| &nbsp;&nbsp;&nbsp; Dreyfus Government Cash Management Fund - <br> Institutional Shares (seven-day effective yield <br> 4.004%)<sup>(7)(8)</sup> <br>| 1848022 | &nbsp;&nbsp; 1848 |
| **Total Securities Lending Collateral** <br>**(Identified Cost $1,848)** | **Total Securities Lending Collateral** <br>**(Identified Cost $1,848)** | &nbsp;&nbsp; **1848** |
| **TOTAL INVESTMENTS—146.5%** <br>**(Identified Cost $541,233)** | **TOTAL INVESTMENTS—146.5%** <br>**(Identified Cost $541,233)** | &nbsp;&nbsp; **$577868** |
| Other assets and liabilities, net—(21.1)% | Other assets and liabilities, net—(21.1)% | &nbsp;&nbsp; (83424)<br>|
| Cumulative Preferred Shares—(25.4)% | Cumulative Preferred Shares—(25.4)% | &nbsp;&nbsp; (100000)<br>|
| **NET ASSETS—100.0%** | **NET ASSETS—100.0%** | &nbsp;&nbsp; **$394444** |

---

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

---

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

---

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

---

| | |
|:---|:---|
| **Footnote Legend:** | **Footnote Legend:** |
| <sup>(1)</sup> <br>| Security exempt from registration under Rule 144A of the Securities Act of 1933. <br> These securities may be resold in transactions exempt from registration, normally <br> to qualified institutional buyers. At October 31, 2025, these securities amounted to <br> a value of $359,838 or 91.2% of net assets.<br>|
| <sup>(2)</sup> <br>| All or a portion of security is on loan pursuant to the Liquidity Facility and/or <br> securities lending.<br>|
| <sup>(3)</sup> <br>| Issued with a zero coupon. Income is recognized through the accretion of <br> discount.<br>|
| <sup>(4)</sup> <br>| The value of this security was determined using significant unobservable inputs <br> and is reported as a Level 3 security in the Fair Value Hierarchy table located after <br> the Schedule of Investments.<br>|
| <sup>(5)</sup> <br>| Non-income producing. |
| <sup>(6)</sup> <br>| Security is restricted from resale. |
| <sup>(7)</sup> <br>| Shares of this fund are publicly offered, and its prospectus and annual report are <br> publicly available.<br>|
| <sup>(8)</sup> <br>| Represents security purchased with cash collateral received for securities on loan. |

---

See Notes to Schedule of Investments

------

**VIRTUS Convertible & Income Fund**

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

**October 31, 2025**

($ reported in thousands)

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

---

| | |
|:---|:---|
| **Country Weightings**<sup>†</sup>  | **Country Weightings**<sup>†</sup>  |
| United States | 89<br> %<br>|
| Cayman Islands | 3 |
| Canada | 2 |
| Bermuda | 2 |
| Israel | 1 |
| Australia | 1 |
| Singapore | 1 |
| Other | 1 |
| Total | 100<br> %<br>|
| <sup>†</sup> % of total investments as of October 31, 2025. | <sup>†</sup> % of total investments as of October 31, 2025. |

---

The following table summarizes the value of the Fund's investments as of October 31, 2025, based on the inputs used to value them (See Security Valuation Note 1 in the Notes to Schedule of Investments):

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Total <br>Value at <br>October 31, 2025<br>| Level 1 <br>Quoted Prices<br>| Level 2 <br>Significant <br>Observable <br>Inputs<br>| Level 3 <br>Significant <br>Unobservable <br>Inputs<br>|
| Assets: |  |  |  |  |
| Debt Instruments: |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Convertible Bonds and Notes | &nbsp;&nbsp;&nbsp; $310780 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $307552 | &nbsp;&nbsp;&nbsp; $3228 |
| &nbsp;&nbsp;&nbsp; Corporate Bonds and Notes | &nbsp;&nbsp;&nbsp; 198106 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 198106 | &nbsp;&nbsp;&nbsp; — |
| Equity Securities: |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Convertible Preferred Stocks | &nbsp;&nbsp;&nbsp; 40705 | &nbsp;&nbsp;&nbsp; 40705 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; Preferred Stock | &nbsp;&nbsp;&nbsp; 2 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2 |
| &nbsp;&nbsp;&nbsp; Common Stocks | &nbsp;&nbsp;&nbsp; 531 | &nbsp;&nbsp;&nbsp; 10 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 521 <br><sup>(1)</sup><br>|
| &nbsp;&nbsp;&nbsp; Warrant | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — <br><sup>(1)</sup><br>|
| Money Market Mutual Fund | &nbsp;&nbsp;&nbsp; 25896 | &nbsp;&nbsp;&nbsp; 25896 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Securities Lending Collateral | &nbsp;&nbsp;&nbsp; 1848 | &nbsp;&nbsp;&nbsp; 1848 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Total Investments | &nbsp;&nbsp;&nbsp; $577868 | &nbsp;&nbsp;&nbsp; $68459 | &nbsp;&nbsp;&nbsp; $505658 | &nbsp;&nbsp;&nbsp; $3751 |

---

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

<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 October 31, 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.

The following is a reconciliation of assets of the Fund for Level 3 investments for which significant unobservable inputs were used to determine fair value.

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | Total | Convertible <br>Bonds <br>and Notes<br>| Preferred <br>Stock<br>| Common <br>Stocks<br>| Warrant |
| **Investments in Securities** |  |  |  |  |  |
| **Balance as of January 31, 2025:** | &nbsp;&nbsp;&nbsp;&nbsp; $883 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $419 | &nbsp;&nbsp;&nbsp;&nbsp; $435 <br><sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; $29 |
| Net change in unrealized appreciation (depreciation)<sup>(b)</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; (311)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 49 | &nbsp;&nbsp;&nbsp;&nbsp; (417)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 86 | &nbsp;&nbsp;&nbsp;&nbsp; (29)<br>|
| Purchases | &nbsp;&nbsp;&nbsp;&nbsp; 3179 | &nbsp;&nbsp;&nbsp;&nbsp; 3179 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — |
| **Balance as of October 31, 2025** | &nbsp;&nbsp;&nbsp;&nbsp; $3751 | &nbsp;&nbsp;&nbsp;&nbsp; $3228 | &nbsp;&nbsp;&nbsp;&nbsp; $2 | &nbsp;&nbsp;&nbsp;&nbsp; $521 <br><sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; $— <br><sup>(a)</sup><br>|

---

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

<sup>(b)</sup> The net change in unrealized appreciation (depreciation) on investments still held at October 31, 2025, was $(311).

See Notes to Schedule of Investments

------

**VIRTUS Convertible & Income Fund**

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

**October 31, 2025**

($ reported in thousands)

The following table presents additional information about valuation techniques and inputs used for investments that are measured at fair value and categorized within Level 3 at October 31, 2025:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Investments in** <br>**Securities – Assets**<br>| **Ending** <br>**Balance** <br>**at October 31, 2025**<br>| **Valuation Technique** <br>**Used**<br>| **Unobservable** <br>**Inputs**<br>| **Input** <br>**Values**<br>| **Impact to Valuation** <br>**from an Increase in** <br>**Unobservable Inputs**<sup>(a)</sup> <br>|
| **Preferred Stock:** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; LiveStyle, Inc. <br>Series B<br>| &nbsp;&nbsp;&nbsp;&nbsp; $2 | &nbsp;&nbsp;&nbsp;&nbsp; Discounted cash flows <br>liquidation approach<br>| Discount rate | 25.07% (24.79% - 25.31%) | Decrease |
| **Common Stocks:** |  |  |  |  |  |
| CCF Holdings LLC | &nbsp;&nbsp;&nbsp;&nbsp; $468 | OPM and Last transaction | Volatility | 41.57% (40.00% - 44.70%) | Increase |
| &nbsp;&nbsp;&nbsp;&nbsp; CCF Holdings LLC <br>Class M<br>| &nbsp;&nbsp;&nbsp;&nbsp; $53 | OPM and Last transaction | Volatility | 41.57% (40.00% - 44.70%) | Increase |
| **Warrant:** |  |  |  |  |  |
| CCF Holdings LLC | &nbsp;&nbsp;&nbsp;&nbsp; $— | Black-Scholes Model | Volatility | 41.57% (40.00% - 44.70%) | &nbsp;&nbsp;&nbsp;&nbsp; Increase |

---

<sup>(a)</sup> A significant change in unobservable inputs could result in a significantly higher or lower fair value.

See Notes to Schedule of Investments

------

**VIRTUS Convertible & Income Fund**

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

**October 31, 2025**

**Note 1. Security Valuation**

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

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

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

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

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

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

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

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:** 2025-10-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $601740972.22

**Total Liabilities:** $207300088.36

**Net Assets:** $394440883.86

**Cash Not Reported:** $10596919.94

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -0.30000000 | **1-Year:** -190.83000000 | **5-Year:** -5533.42000000 | **10-Year:** -796.30000000 | **30-Year:** -9617.55000000

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

- **3-Month:** 0.00000000 | **1-Year:** -545.94000000 | **5-Year:** -40127.23000000 | **10-Year:** -108178.73000000 | **30-Year:** -4603.74000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000000000 | 3.55%                | 5.18%                | 4.07%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $3715747.39              | $8258163.73                                |
| Month 2  | $6691313.50              | $11950847.91                               |
| Month 3  | $14398927.15             | $468540.62                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| IMPINJ INC                           | Impinj Inc                                            | CUSIP: 453204AE9<br>LEI: 549300M26VGKSMMWWN17 | Long             | DBT              | CORP              | US        |   1620000 | PA      | $1765800.00   | 0.45%             | 2029-09-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CELCUITY INC                         | Celcuity Inc                                          | CUSIP: 15102KAA8<br>LEI: 25490070W7UU7W2SEY87 | Long             | DBT              | CORP              | US        |    635000 | PA      | $1141158.50   | 0.29%             | 2031-08-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| BUILDERS FIRSTSOURCE INC             | Builders FirstSource Inc                              | CUSIP: 12008RAR8<br>LEI: 549300W0SKP6L3H7DP63 | Long             | DBT              | CORP              | US        |   1895000 | PA      | $1963896.52   | 0.50%             | 2032-06-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| SEAGATE DATA STOR                    | Seagate Data Storage Technology Pte Ltd               | CUSIP: 81180LAQ8<br>LEI: N/A                  | Long             | DBT              | CORP              | SG        |   3345000 | PA      | $3560294.24   | 0.90%             | 2031-07-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| M/A-COM TECH SOLUTIONS               | MACOM Technology Solutions Holdings Inc               | CUSIP: 55405YAC4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2705000 | PA      | $2997140.00   | 0.76%             | 2029-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NOVA LTD                             | Nova Ltd                                              | CUSIP: 66982MAA2<br>LEI: 529900B2DSWE5V3SC292 | Long             | DBT              | CORP              | IL        |   1815000 | PA      | $2323353.69   | 0.59%             | 2030-09-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CHEMOURS CO                          | Chemours Co/The                                       | CUSIP: 163851AJ7<br>LEI: 549300M1BOLNXL8DOV14 | Long             | DBT              | CORP              | US        |   2330000 | PA      | $2252039.13   | 0.57%             | 2033-01-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| TRIP.COM GROUP LTD                   | Trip.com Group Ltd                                    | CUSIP: 89677QAB3<br>LEI: 2549004RMYDSRQL4KW41 | Long             | DBT              | CORP              | KY        |   2045000 | PA      | $2495922.50   | 0.63%             | 2029-06-15      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| SIRIUS XM RADIO LLC                  | Sirius XM Radio LLC                                   | CUSIP: 82967NBC1<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |   2205000 | PA      | $2208089.21   | 0.56%             | 2029-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ZSCALER INC.                         | Zscaler Inc                                           | CUSIP: 98980GAC6<br>LEI: 529900MZ0RTK1BWRNF46 | Long             | DBT              | CORP              | US        |   2830000 | PA      | $2919145.00   | 0.74%             | 2028-07-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                        | Carnival Corp                                         | CUSIP: 143658BV3<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |    960000 | PA      | $2136960.00   | 0.54%             | 2027-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| SHIFT4 PAYMENTS INC                  | Shift4 Payments Inc                                   | CUSIP: 82452J307<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     11665 | NS      | $996890.90    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| IRON MOUNTAIN INC                    | Iron Mountain Inc                                     | CUSIP: 46284VAQ4<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              | CORP              | US        |   2680000 | PA      | $2740908.36   | 0.69%             | 2033-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| OSCAR HEALTH INC                     | Oscar Health Inc                                      | CUSIP: 687793AD1<br>LEI: 254900AE8KDLFDOPKZ19 | Long             | DBT              | CORP              | US        |   1695000 | PA      | $1830261.00   | 0.46%             | 2030-09-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| BURLINGTON STORES INC                | Burlington Stores Inc                                 | CUSIP: 122017AD8<br>LEI: 5299003Z37DVGKKC1W09 | Long             | DBT              | CORP              | US        |   1555000 | PA      | $2220540.00   | 0.56%             | 2027-12-15      | Fixed         | 1.25%                 | No            |                  2 | On Loan: —       |
| NEXTERA ENERGY INC                   | NextEra Energy Inc                                    | CUSIP: 65339F663<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EP               | CORP              | US        |     18350 | NS      | $963925.50    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| OWENS-BROCKWAY                       | Owens-Brockway Glass Container Inc                    | CUSIP: 69073TAU7<br>LEI: V2UQUCDZJ9WY98W8QU33 | Long             | DBT              | CORP              | US        |   1655000 | PA      | $1621912.25   | 0.41%             | 2031-05-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: —       |
| NAVIENT CORP                         | Navient Corp                                          | CUSIP: 63938CAQ1<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |   1710000 | PA      | $1766645.46   | 0.45%             | 2032-06-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| GFL ENVIRONMENTAL INC                | GFL Environmental Inc                                 | CUSIP: 36168QAQ7<br>LEI: 894500E7NLBY9VZRT696 | Long             | DBT              | CORP              | CA        |   1520000 | PA      | $1590111.52   | 0.40%             | 2031-01-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| GDS HOLDINGS LIMITED                 | GDS Holdings Ltd                                      | CUSIP: 36165LAC2<br>LEI: 391200MGV8DDCHTN2R77 | Long             | DBT              | CORP              | KY        |   1510000 | PA      | $2021890.00   | 0.51%             | 2032-06-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: —       |
| DIRECTV FINANCING LLC                | Directv Financing LLC                                 | CUSIP: 254945AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2220000 | PA      | $2206855.38   | 0.56%             | 2030-02-01      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| DATADOG INC                          | Datadog Inc                                           | CUSIP: 23804LAC7<br>LEI: 549300F6JNO0KRPO1K63 | Long             | DBT              | CORP              | US        |   4645000 | PA      | $4926022.50   | 1.25%             | 2029-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MICROCHIP TECHNOLOGY INC             | Microchip Technology Inc                              | CUSIP: 595017302<br>LEI: 5493007PTFULNYZJ1R12 | Long             | EP               | CORP              | US        |     56630 | NS      | $3278877.00   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| BOSTON PROPERTIES LP                 | Boston Properties LP                                  | CUSIP: 10112RBM5<br>LEI: BVHHEFJI6SHNOKQT2572 | Long             | DBT              | CORP              | US        |   1885000 | PA      | $1844472.50   | 0.47%             | 2030-10-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| JBT MAREL CORP                       | JBT Marel Corp                                        | CUSIP: 477839AD6<br>LEI: 5493007CT6ATBZ2L6826 | Long             | DBT              | CORP              | US        |   2140000 | PA      | $1995550.00   | 0.51%             | 2030-09-15      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| CACI INTERNATIONAL INC               | CACI International Inc                                | CUSIP: 127190AE6<br>LEI: SYRPI2D1O9WRTS2WX210 | Long             | DBT              | CORP              | US        |   1105000 | PA      | $1148890.60   | 0.29%             | 2033-06-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| INDIE SEMICONDUCTOR INC              | indie Semiconductor Inc                               | CUSIP: 45569UAA9<br>LEI: 254900L1MFXFYGB1PV53 | Long             | DBT              | CORP              | US        |   1350000 | PA      | $1485000.00   | 0.38%             | 2027-11-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                | Tenet Healthcare Corp                                 | CUSIP: 88033GDK3<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |   1655000 | PA      | $1657133.30   | 0.42%             | 2028-10-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| MAUSER PACKAGING SOLUT               | Mauser Packaging Solutions Holding Co                 | CUSIP: 57763RAD9<br>LEI: 549300DNGHXL0OMHW304 | Long             | DBT              | CORP              | US        |   2805000 | PA      | $2812368.74   | 0.71%             | 2027-04-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| AFFIRM HOLDINGS INC                  | Affirm Holdings Inc                                   | CUSIP: 00827BAC0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2185000 | PA      | $2371817.50   | 0.60%             | 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      | $950495.39    | 0.24%             | 2029-02-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| LIGAND PHARMACEUTICALS I             | Ligand Pharmaceuticals Inc                            | CUSIP: 53220KAG3<br>LEI: 5493008K7TB0IKP37H79 | Long             | DBT              | CORP              | US        |   2530000 | PA      | $2963895.00   | 0.75%             | 2030-10-01      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| OSI SYSTEMS INC                      | OSI Systems Inc                                       | CUSIP: 671044AF2<br>LEI: DDX3MPX1Y8YD30050X33 | Long             | DBT              | CORP              | US        |   2255000 | PA      | $3551625.00   | 0.90%             | 2029-08-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| CNX RESOURCES CORP                   | CNX Resources Corp                                    | CUSIP: 12653CAK4<br>LEI: 549300JK3KH8PWM3B226 | Long             | DBT              | CORP              | US        |   2150000 | PA      | $2225467.15   | 0.56%             | 2031-01-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| ADVANCE AUTO PARTS                   | Advance Auto Parts Inc                                | CUSIP: 00751YAL0<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | DBT              | CORP              | US        |   2240000 | PA      | $2268000.00   | 0.57%             | 2033-08-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| ROCKET LAB USA                       | Rocket Lab USA Inc                                    | CUSIP: 773122AA4<br>LEI: 254900B4DEYFZJ980A14 | Long             | DBT              | CORP              | US        |    210000 | PA      | $2575912.50   | 0.65%             | 2029-02-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| IREN LTD                             | IREN Ltd                                              | CUSIP: 46270CAE9<br>LEI: 254900FZF02RB3NNGB71 | Long             | DBT              | CORP              | AU        |   3700000 | PA      | $3896100.00   | 0.99%             | 2031-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NAVIENT CORP                         | Navient Corp                                          | CUSIP: 63938CAN8<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |   1475000 | PA      | $1620566.28   | 0.41%             | 2030-07-25      | Fixed         | 9.38%                 | No            |                  2 | On Loan: —       |
| ALPHATEC HOLDINGS INC                | Alphatec Holdings Inc                                 | CUSIP: 02081GAC6<br>LEI: 549300EZE8CQ8K65FS24 | Long             | DBT              | CORP              | US        |   2585000 | PA      | $3687844.26   | 0.93%             | 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      | $1783423.36   | 0.45%             | 2029-01-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| 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      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| AMERICAN AXLE & MFG INC              | American Axle & Manufacturing Inc                     | CUSIP: 02406PBD1<br>LEI: RY5TAKFOBLDUGX31MS24 | Long             | DBT              | CORP              | US        |   1675000 | PA      | $1677359.09   | 0.43%             | 2033-10-15      | Fixed         | 7.75%                 | No            |                  2 | 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        |   2105000 | PA      | $2136659.20   | 0.54%             | 2031-03-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| GEN DIGITAL INC                      | Gen Digital Inc                                       | CUSIP: 668771AM0<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | DBT              | CORP              | US        |   3235000 | PA      | $3330248.11   | 0.84%             | 2033-04-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| SNOWFLAKE INC                        | Snowflake Inc                                         | CUSIP: 833445AD1<br>LEI: 254900CJNSY1K7T53Z16 | Long             | DBT              | CORP              | US        |   3405000 | PA      | $6273712.50   | 1.59%             | 2029-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| WESCO DISTRIBUTION INC               | WESCO Distribution Inc                                | CUSIP: 95081QAS3<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |   1700000 | PA      | $1775867.60   | 0.45%             | 2033-03-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| STRATEGY INC                         | Strategy Inc                                          | CUSIP: 594972AT8<br>LEI: 549300WQTWEJUEHXQX21 | Long             | DBT              | CORP              | US        |   1845000 | PA      | $1817325.00   | 0.46%             | 2030-03-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC             | Celanese US Holdings LLC                              | CUSIP: 15089QBA1<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |   1085000 | PA      | $1068415.78   | 0.27%             | 2033-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: —       |
| WILLIAMS SCOTSMAN INC                | Williams Scotsman Inc                                 | CUSIP: 96949VAN3<br>LEI: 549300DAKDS8SCO1OT57 | Long             | DBT              | CORP              | US        |   2145000 | PA      | $2218163.81   | 0.56%             | 2030-04-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| SYNAPTICS INC                        | Synaptics Inc                                         | CUSIP: 87157DAH2<br>LEI: 549300AJ3LI4FWNRQX29 | Long             | DBT              | CORP              | US        |   1875000 | PA      | $1886250.00   | 0.48%             | 2031-12-01      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| MIRION TECHNOLOGIES INC              | Mirion Technologies Inc                               | CUSIP: 60471AAA9<br>LEI: 549300BNTOWVWFNVTJ65 | Long             | DBT              | CORP              | US        |   2605000 | PA      | $3751200.00   | 0.95%             | 2030-06-01      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| WAYFAIR INC                          | Wayfair Inc                                           | CUSIP: 94419LAP6<br>LEI: 54930027N9ZAVYFDHK53 | Long             | DBT              | CORP              | US        |   2320000 | PA      | $3970940.61   | 1.01%             | 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        |     31095 | NS      | $2101400.10   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| GRAY MEDIA INC                       | Gray Media Inc                                        | CUSIP: 389375AN6<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |   1655000 | PA      | $1663152.96   | 0.42%             | 2032-07-15      | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| HUDBAY MINERALS INC                  | Hudbay Minerals Inc                                   | CUSIP: 443628AH5<br>LEI: 894500LX3TMESP27BE29 | Long             | DBT              | CORP              | CA        |   1720000 | PA      | $1741634.16   | 0.44%             | 2029-04-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| AST SPACEMOBILE INC                  | AST SpaceMobile Inc                                   | CUSIP: 00217DAE0<br>LEI: 254900MBSC9P2UCI6623 | Long             | DBT              | CORP              | US        |   2250000 | PA      | $2390625.00   | 0.61%             | 2036-01-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| CLOUDFLARE INC                       | Cloudflare Inc                                        | CUSIP: 18915MAC1<br>LEI: 5493007DY18BGNLDWU14 | Long             | DBT              | CORP              | US        |   4530000 | PA      | $6312293.08   | 1.60%             | 2026-08-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BRIDGEBIO PHARMA INC                 | Bridgebio Pharma Inc                                  | CUSIP: 10806XAH5<br>LEI: 54930028YG89VTY2J114 | Long             | DBT              | CORP              | US        |   1270000 | PA      | $1918493.75   | 0.49%             | 2031-03-01      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| SEAWORLD PARKS & ENTERTA             | SeaWorld Parks & Entertainment Inc                    | CUSIP: 81282UAG7<br>LEI: 549300UZV72O3371JJ53 | Long             | DBT              | CORP              | US        |   1120000 | PA      | $1098513.92   | 0.28%             | 2029-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| GRANITE CONSTRUCTION INC             | Granite Construction Inc                              | CUSIP: 387328AF4<br>LEI: 549300OM4BWMCIXVCZ39 | Long             | DBT              | CORP              | US        |   2300000 | PA      | $3351100.00   | 0.85%             | 2030-06-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| MCAFEE CORP                          | McAfee Corp                                           | CUSIP: 579063AB4<br>LEI: 2549009UKR8UEZYVCR93 | Long             | DBT              | CORP              | US        |   2530000 | PA      | $2316064.47   | 0.59%             | 2030-02-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| AAR ESCROW ISSUER LLC                | AAR Escrow Issuer LLC                                 | CUSIP: 00253PAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2185000 | PA      | $2256023.43   | 0.57%             | 2029-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                 | Cleveland-Cliffs Inc                                  | CUSIP: 18589GAA3<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |   2245000 | PA      | $2334040.83   | 0.59%             | 2034-01-15      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| UPSTART HOLDINGS INC                 | Upstart Holdings Inc                                  | CUSIP: 91680MAE7<br>LEI: 549300WNB47JRNENIC75 | Long             | DBT              | CORP              | US        |    525000 | PA      | $464887.50    | 0.12%             | 2030-11-15      | Fixed         | 1.00%                 | No            |                  2 | On Loan: —       |
| HERC HOLDINGS INC                    | Herc Holdings Inc                                     | CUSIP: 42704LAG9<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |   2640000 | PA      | $2783359.92   | 0.71%             | 2033-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: —       |
| 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      | $2922006.25   | 0.74%             | 2031-02-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: —       |
| ROCKET COS INC                       | Rocket Cos Inc                                        | CUSIP: 77311WAD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2105000 | PA      | $2210058.07   | 0.56%             | 2032-02-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL               | NextEra Energy Capital Holdings Inc                   | CUSIP: 65339KCY4<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |   4300000 | PA      | $5383600.00   | 1.36%             | 2027-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| STRATEGY INC                         | Strategy Inc                                          | CUSIP: 594972887<br>LEI: 549300WQTWEJUEHXQX21 | Long             | EP               | CORP              | US        |      9075 | NS      | $780450.00    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| NEWELL BRANDS INC                    | Newell Brands Inc                                     | CUSIP: 651229BG0<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |   1860000 | PA      | $1908205.58   | 0.48%             | 2028-06-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| GUIDEWIRE SOFTWARE INC               | Guidewire Software Inc                                | CUSIP: 40171VAB6<br>LEI: 549300WXSG0J8IXZCK32 | Long             | DBT              | CORP              | US        |   2810000 | PA      | $3312990.00   | 0.84%             | 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        |   6080000 | PA      | $9019680.00   | 2.29%             | 2029-07-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| COHU INC                             | Cohu Inc                                              | CUSIP: 192576AA4<br>LEI: 529900FJPORJ3JJ2XS33 | Long             | DBT              | CORP              | US        |   1895000 | PA      | $2139455.00   | 0.54%             | 2031-01-15      | Fixed         | 1.50%                 | 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      | $52797.54     | 0.01%             |  |  |  | No            |                  3 | On Loan: No      |
| PERMIAN RESOURC OPTG LLC             | Permian Resources Operating LLC                       | CUSIP: 71424VAB6<br>LEI: 5493004CTVUMQLRPOE23 | Long             | DBT              | CORP              | US        |   1650000 | PA      | $1678761.15   | 0.43%             | 2033-02-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| WULF COMPUTE LLC                     | WULF Compute LLC                                      | CUSIP: 982911AA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2160000 | PA      | $2243969.87   | 0.57%             | 2030-10-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: —       |
| PANTHER ESCROW ISSUER                | Panther Escrow Issuer LLC                             | CUSIP: 69867RAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3280000 | PA      | $3389804.56   | 0.86%             | 2031-06-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| OPENDOOR TECHNOLOGIES IN             | Opendoor Technologies Inc                             | CUSIP: 683712AC7<br>LEI: 254900KX11YZ4HV5BQ47 | Long             | DBT              | CORP              | US        |    155000 | PA      | $790593.00    | 0.20%             | 2030-05-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CAESARS ENTERTAIN INC                | Caesars Entertainment Inc                             | CUSIP: 12769GAD2<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |   2900000 | PA      | $2766522.86   | 0.70%             | 2032-10-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: —       |
| IMAX CORP                            | IMAX Corp                                             | CUSIP: 45245EAJ8<br>LEI: 894500GS1ESLAPZCEI74 | Long             | DBT              | CORP              | CA        |   2470000 | PA      | $2891135.00   | 0.73%             | 2026-04-01      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| NUTANIX INC                          | Nutanix Inc                                           | CUSIP: 67059NAJ7<br>LEI: 549300X7J6E8TKVIXW09 | Long             | DBT              | CORP              | US        |   2420000 | PA      | $2666114.00   | 0.68%             | 2029-12-15      | Fixed         | 0.50%                 | No            |                  2 | On Loan: —       |
| TRANSDIGM INC                        | TransDigm Inc                                         | CUSIP: 893647BY2<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   2245000 | PA      | $2288400.34   | 0.58%             | 2033-05-31      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| BATH & BODY WORKS INC                | Bath & Body Works Inc                                 | CUSIP: 501797AL8<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | DBT              | CORP              | US        |   1070000 | PA      | $1118677.51   | 0.28%             | 2035-11-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| REXFORD INDUSTRIAL REALT             | Rexford Industrial Realty LP                          | CUSIP: 76169XAD6<br>LEI: 549300028US163ELJN70 | Long             | DBT              | CORP              | US        |   2655000 | PA      | $2655000.00   | 0.67%             | 2027-03-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| COINBASE GLOBAL INC                  | Coinbase Global Inc                                   | CUSIP: 19260QAB3<br>LEI: 5493004G3J2SC154DU06 | Long             | DBT              | CORP              | US        |   5250000 | PA      | $5891550.00   | 1.49%             | 2026-06-01      | Fixed         | 0.50%                 | No            |                  2 | On Loan: —       |
| BRIDGEBIO PHARMA INC                 | Bridgebio Pharma Inc                                  | CUSIP: 10806XAB8<br>LEI: 54930028YG89VTY2J114 | Long             | DBT              | CORP              | US        |   1775000 | PA      | $2860412.50   | 0.73%             | 2027-03-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| WOLFSPEED INC                        | Wolfspeed Inc                                         | CUSIP: 977852AP7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    191000 | PA      | $414947.50    | 0.11%             | 2031-06-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| ARSENAL AIC PARENT LLC               | Arsenal AIC Parent LLC                                | CUSIP: 04288BAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1620000 | PA      | $1721005.38   | 0.44%             | 2030-10-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                | Wells Fargo & Co                                      | CUSIP: 949746804<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EP               | CORP              | US        |      7765 | NS      | $9607246.25   | 2.44%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITY SOFTWARE INC                   | Unity Software Inc                                    | CUSIP: 91332UAG6<br>LEI: 549300D1ESJMGNQNG432 | Long             | DBT              | CORP              | US        |   1705000 | PA      | $2218631.25   | 0.56%             | 2030-03-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SM ENERGY CO                         | SM Energy Co                                          | CUSIP: 78454LAY6<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |   1115000 | PA      | $1090765.70   | 0.28%             | 2032-08-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| EXACT SCIENCES CORP                  | Exact Sciences Corp                                   | CUSIP: 30063PAE5<br>LEI: 549300VM3X1FYD4N9Z14 | Long             | DBT              | CORP              | US        |   2025000 | PA      | $2040390.00   | 0.52%             | 2031-04-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| AEROVIRONMENT INC                    | AeroVironment Inc                                     | CUSIP: 008073AA6<br>LEI: 529900PGHVI29YLZ6221 | Long             | DBT              | CORP              | US        |   2580000 | PA      | $3602970.00   | 0.91%             | 2030-07-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NEXSTAR MEDIA INC                    | Nexstar Media Inc                                     | CUSIP: 65343HAA9<br>LEI: 5493006PK6I4I2OOT688 | Long             | DBT              | CORP              | US        |   1670000 | PA      | $1669314.30   | 0.42%             | 2027-07-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| SNAP INC                             | Snap Inc                                              | CUSIP: 83304AAL0<br>LEI: 549300JNC0L6VP8A2Q35 | Long             | DBT              | CORP              | US        |   2165000 | PA      | $2214026.43   | 0.56%             | 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      | $1681663.17   | 0.43%             | 2031-06-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                       | NRG Energy Inc                                        | CUSIP: 629377CX8<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |   2665000 | PA      | $2743899.99   | 0.70%             | 2034-11-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| WEC ENERGY GROUP INC                 | WEC Energy Group Inc                                  | CUSIP: 92939UAS5<br>LEI: 549300IGLYTZUK3PVP70 | Long             | DBT              | CORP              | US        |   4195000 | PA      | $4322947.50   | 1.10%             | 2028-06-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| SEAGATE HDD CAYMAN                   | Seagate HDD Cayman                                    | CUSIP: 81180WBL4<br>LEI: 529900BD50TRWEG1SF63 | Long             | DBT              | CORP              | KY        |   1450000 | PA      | $4539225.00   | 1.15%             | 2028-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| PERFORMANCE FOOD GROUP I             | Performance Food Group Inc                            | CUSIP: 71376LAF7<br>LEI: 549300OMUOGBYK0FFO76 | Long             | DBT              | CORP              | US        |   2320000 | PA      | $2381939.36   | 0.60%             | 2032-09-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| GALAXY DIGITAL HOLDIN LP             | Galaxy Digital Holdings LP                            | CUSIP: 36317GAC0<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |   2435000 | PA      | $2400910.00   | 0.61%             | 2031-05-01      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| VMED O2 UK FINANCING I               | Vmed O2 UK Financing I PLC                            | CUSIP: 92858RAD2<br>LEI: 213800MRR46ECNGZ7L69 | Long             | DBT              | CORP              | GB        |   2640000 | PA      | $2736824.64   | 0.69%             | 2032-04-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: —       |
| SHOPIFY INC                          | Shopify Inc                                           | CUSIP: 82509LAA5<br>LEI: 549300HGQ43STJLLP808 | Long             | DBT              | CORP              | CA        |   1550000 | PA      | $1765450.00   | 0.45%             | 2025-11-01      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| CIPHER MINING                        | Cipher Mining Inc                                     | CUSIP: 17253JAB2<br>LEI: 254900QABG5HCQZ28A17 | Long             | DBT              | CORP              | US        |   2725000 | PA      | $3849062.50   | 0.98%             | 2031-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BLOOM ENERGY CORP                    | Bloom Energy Corp                                     | CUSIP: 093712AM9<br>LEI: 549300XB5J9BFW5JXV97 | Long             | DBT              | CORP              | US        |    605000 | PA      | $3882769.00   | 0.98%             | 2029-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| UKG INC                              | UKG Inc                                               | CUSIP: 90279XAA0<br>LEI: 529900FKHWSTQ1GXK240 | Long             | DBT              | CORP              | US        |   1620000 | PA      | $1667559.96   | 0.42%             | 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      | $2353119.30   | 0.60%             | 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        |   2140000 | PA      | $2231808.14   | 0.57%             | 2030-01-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| CARNIVAL CORP                        | Carnival Corp                                         | CUSIP: 143658CA8<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |   1125000 | PA      | $1155693.03   | 0.29%             | 2032-08-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| REPLIGEN CORP                        | Repligen Corp                                         | CUSIP: 759916AD1<br>LEI: 54930006QJ0T5AUO1E71 | Long             | DBT              | CORP              | US        |   1290000 | PA      | $1366755.00   | 0.35%             | 2028-12-15      | Fixed         | 1.00%                 | No            |                  2 | On Loan: —       |
| PARSONS CORP                         | Parsons Corp                                          | CUSIP: 70202LAD4<br>LEI: 549300ZXH0VRBSEPX752 | Long             | DBT              | CORP              | US        |   3095000 | PA      | $3531395.00   | 0.90%             | 2029-03-01      | Fixed         | 2.62%                 | No            |                  2 | On Loan: —       |
| 1011778 BC / NEW RED FIN             | 1011778 BC ULC / New Red Finance Inc                  | CUSIP: 68245XAR0<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   2140000 | PA      | $2199051.16   | 0.56%             | 2029-06-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| AXON ENTERPRISE INC                  | Axon Enterprise Inc                                   | CUSIP: 05464CAB7<br>LEI: 549300QP2IEEGFE16681 | Long             | DBT              | CORP              | US        |    535000 | PA      | $1711465.00   | 0.43%             | 2027-12-15      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| RIVIAN AUTO INC                      | Rivian Automotive Inc                                 | CUSIP: 76954AAB9<br>LEI: 25490004LNKJ84MFYY24 | Long             | DBT              | CORP              | US        |   2995000 | PA      | $2950075.00   | 0.75%             | 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        |   2130000 | PA      | $3089565.00   | 0.78%             | 2029-09-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| CONCENTRA HEALTH SERVICE             | Concentra Health Services Inc                         | CUSIP: 20600DAA1<br>LEI: 984500GB84105F75DE32 | Long             | DBT              | CORP              | US        |   2195000 | PA      | $2289464.02   | 0.58%             | 2032-07-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: —       |
| CLARIOS GLOBAL LP/US FIN             | Clarios Global LP / Clarios US Finance Co             | CUSIP: 18060TAE5<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |   2220000 | PA      | $2271464.11   | 0.58%             | 2032-09-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: —       |
| MKS INC                              | MKS Inc                                               | CUSIP: 55306NAB0<br>LEI: 549300KEQATBHAGVF505 | Long             | DBT              | CORP              | US        |   2360000 | PA      | $2832000.00   | 0.72%             | 2030-06-01      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| ROCKET COS INC                       | Rocket Cos Inc                                        | CUSIP: 77311WAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2115000 | PA      | $2203258.95   | 0.56%             | 2033-08-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| TENNECO INC                          | Tenneco Inc                                           | CUSIP: 880349AU9<br>LEI: 549300U0EXXFAQFAD785 | Long             | DBT              | CORP              | US        |   1685000 | PA      | $1680402.81   | 0.43%             | 2028-11-17      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| GUARDANT HEALTH INC                  | Guardant Health Inc                                   | CUSIP: 40131MAD1<br>LEI: 254900M8C3E5VC8BR186 | Long             | DBT              | CORP              | US        |   2740000 | PA      | $4672248.00   | 1.18%             | 2031-02-15      | Fixed         | 1.25%                 | No            |                  2 | On Loan: —       |
| EQUIPMENTSHARE.COM INC               | EquipmentShare.com Inc                                | CUSIP: 29450YAB5<br>LEI: 254900PWJK48CGPKPI80 | Long             | DBT              | CORP              | US        |   1630000 | PA      | $1644965.03   | 0.42%             | 2032-05-15      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| QUIKRETE HOLDINGS INC                | Quikrete Holdings Inc                                 | CUSIP: 74843PAB6<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |   3225000 | PA      | $3355799.55   | 0.85%             | 2033-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: —       |
| LIBERTY MEDIA CORP                   | Liberty Media Corp-Liberty Formula One                | CUSIP: 531229AQ5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1350000 | PA      | $1727325.00   | 0.44%             | 2027-08-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| NCL CORPORATION LTD                  | NCL Corp Ltd                                          | CUSIP: 62886HBR1<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |   3295000 | PA      | $3385813.50   | 0.86%             | 2032-02-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| BlackRock Liquidity FedFund          | BlackRock Liquidity FedFund                           | CUSIP: 09248U700<br>LEI: 549300T8K043VZEOVK74 | Long             | STIV             | RF                | US        |  26754693 | NS      | $26754693.39  | 6.78%             |  |  |  | No            |                  1 | On Loan: No      |
| SHIFT4 PAYMENTS INC                  | Shift4 Payments Inc                                   | CUSIP: 82452JAD1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1720000 | PA      | $1689900.00   | 0.43%             | 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      | $975520.00    | 0.25%             | 2028-12-01      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| IONIS PHARMACEUTICALS IN             | Ionis Pharmaceuticals Inc                             | CUSIP: 462222AF7<br>LEI: 549300SI4ZGLG0BLUZ92 | Long             | DBT              | CORP              | US        |   2060000 | PA      | $3135114.00   | 0.79%             | 2028-06-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                 | OneMain Finance Corp                                  | CUSIP: 682691AG5<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |   2740000 | PA      | $2839253.76   | 0.72%             | 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        |   1895000 | PA      | $1957219.24   | 0.50%             | 2032-08-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CHURCHILL DOWNS INC                  | Churchill Downs Inc                                   | CUSIP: 171484AJ7<br>LEI: 529900FODTBQC8MIS994 | Long             | DBT              | CORP              | US        |   1090000 | PA      | $1114460.69   | 0.28%             | 2031-05-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| MEDLINE BORROWER LP                  | Medline Borrower LP                                   | CUSIP: 62482BAB8<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |   1680000 | PA      | $1673606.93   | 0.42%             | 2029-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| COINBASE GLOBAL INC                  | Coinbase Global Inc                                   | CUSIP: 19260QAG2<br>LEI: 5493004G3J2SC154DU06 | Long             | DBT              | CORP              | US        |   2850000 | PA      | $3080850.00   | 0.78%             | 2029-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CYBERARK SOFTWARE LTD                | CyberArk Software Ltd                                 | CUSIP: 23248VAC9<br>LEI: 529900YEXNDM894PWS93 | Long             | DBT              | CORP              | IL        |   3955000 | PA      | $4611530.00   | 1.17%             | 2030-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| TEMPUS AI INC                        | Tempus AI Inc                                         | CUSIP: 88023BAD5<br>LEI: 2549009LA0KWRAGQBX50 | Long             | DBT              | CORP              | US        |    905000 | PA      | $1230800.00   | 0.31%             | 2030-07-15      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| FRONTIER COMMUNICATIONS              | Frontier Communications Holdings LLC                  | CUSIP: 35908MAD2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1040000 | PA      | $1087951.28   | 0.28%             | 2030-05-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| ALIBABA GROUP HOLDING                | Alibaba Group Holding Ltd                             | CUSIP: 01609WBG6<br>LEI: 5493001NTNQJDH60PM02 | Long             | DBT              | CORP              | KY        |   1895000 | PA      | $3350360.00   | 0.85%             | 2031-06-01      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INC                    | Iron Mountain Inc                                     | CUSIP: 46284VAP6<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              | CORP              | US        |   1640000 | PA      | $1689283.64   | 0.43%             | 2029-02-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| UBER TECHNOLOGIES INC                | Uber Technologies Inc                                 | CUSIP: 90353TAJ9<br>LEI: 549300B2FTG34FILDR98 | Long             | DBT              | CORP              | US        |   4645000 | PA      | $5525875.66   | 1.40%             | 2025-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CCF Holdings LLC                     | CCF Holdings LLC                                      | CUSIP: 12509J208<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   7808320 | NS      | $468499.20    | 0.12%             |  |  |  | No            |                  3 | 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      |
| WASTE PRO USA INC                    | Waste Pro USA Inc                                     | CUSIP: 94107JAC7<br>LEI: 549300BY1QXU5BI3UF28 | Long             | DBT              | CORP              | US        |   1985000 | PA      | $2063256.64   | 0.52%             | 2033-02-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CO                          | Southern Co/The                                       | CUSIP: 842587EC7<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |   5985000 | PA      | $6089737.50   | 1.54%             | 2028-06-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| AMERITEX HOLDCO INTERMED             | AmeriTex HoldCo Intermediate LLC                      | CUSIP: 030727AB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1760000 | PA      | $1841094.89   | 0.47%             | 2033-08-15      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| BOEING CO/THE                        | Boeing Co/The                                         | CUSIP: 097023204<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | EP               | CORP              | US        |    119830 | NS      | $7755397.60   | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| NCL CORPORATION LTD                  | NCL Corp Ltd                                          | CUSIP: 62886HBW0<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |   4630000 | PA      | $4439012.50   | 1.13%             | 2030-09-15      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| ARES MANAGEMENT CORP                 | Ares Management Corp                                  | CUSIP: 03990B309<br>LEI: 529900JUV61FH7B8VW38 | Long             | EP               | CORP              | US        |     40455 | NS      | $1913116.95   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| SOLARIS ENERGY INFRASTRU             | Solaris Energy Infrastructure Inc                     | CUSIP: 83419XAB4<br>LEI: 529900MTK3C8Y8TIIC10 | Long             | DBT              | CORP              | US        |   2380000 | PA      | $2829820.00   | 0.72%             | 2031-10-01      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| ODDITY FINANCE LLC                   | Oddity Finance LLC                                    | CUSIP: 67579RAA8<br>LEI: 254900FTSJH2TRDJ3905 | Long             | DBT              | CORP              | US        |   2110000 | PA      | $1862075.00   | 0.47%             | 2030-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CAPSTONE COPPER CORP                 | Capstone Copper Corp                                  | CUSIP: 14071LAA6<br>LEI: 549300III6KGKKC42W63 | Long             | DBT              | CORP              | CA        |   1605000 | PA      | $1660781.78   | 0.42%             | 2033-03-31      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP               | CCO Holdings LLC / CCO Holdings Capital Corp          | CUSIP: 1248EPCN1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1067291.64   | 0.27%             | 2032-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                 | OneMain Finance Corp                                  | CUSIP: 682691AK6<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |   2200000 | PA      | $2270661.80   | 0.58%             | 2032-09-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| BITFARMS LTD                         | Bitfarms Ltd                                          | CUSIP: 09173BAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    235000 | PA      | $212821.88    | 0.05%             | 2031-01-15      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| GOODYEAR TIRE & RUBBER               | Goodyear Tire & Rubber Co/The                         | CUSIP: 382550BS9<br>LEI: 5493002BI0S2ZQUY3437 | Long             | DBT              | CORP              | US        |   1650000 | PA      | $1639310.64   | 0.42%             | 2030-07-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: —       |
| GLOBAL MEDICAL RESPONSE              | Global Medical Response Inc                           | CUSIP: 37960BAD7<br>LEI: 549300ZFWD4ZFCEJCQ87 | Long             | DBT              | CORP              | US        |   1705000 | PA      | $1784018.23   | 0.45%             | 2032-10-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| SOFI TECHNOLOGIES INC                | SoFi Technologies Inc                                 | CUSIP: 83406FAA0<br>LEI: 549300SW81JCMVZDDY09 | Long             | DBT              | CORP              | US        |   3545000 | PA      | $5033900.00   | 1.28%             | 2026-10-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PENNYMAC FIN SVCS INC                | PennyMac Financial Services Inc                       | CUSIP: 70932MAD9<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |   2095000 | PA      | $2226255.94   | 0.56%             | 2029-12-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| INTUITIVE MACHINES INC               | Intuitive Machines Inc                                | CUSIP: 46125AAA8<br>LEI: 254900386IE2PEPLVM59 | Long             | DBT              | CORP              | US        |   1605000 | PA      | $1921185.00   | 0.49%             | 2030-10-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| SPOTIFY USA INC                      | Spotify USA Inc                                       | CUSIP: 84921RAB6<br>LEI: 2138008WM218QBKRII94 | Long             | DBT              | CORP              | US        |   1895000 | PA      | $2443602.50   | 0.62%             | 2026-03-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| TALEN ENERGY SUPPLY LLC              | Talen Energy Supply LLC                               | CUSIP: 87422VAN8<br>LEI: K5K33XN0PQAU1XF7NN66 | Long             | DBT              | CORP              | US        |   2175000 | PA      | $2252654.57   | 0.57%             | 2036-02-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: —       |
| Erickson Inc                         | Erickson Inc                                          | CUSIP: 29482Y200<br>LEI: 54930048K1C8M9G3EI51 | Long             | EC               | CORP              | US        |      8295 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| VENTURE GLOBAL PLAQUE                | Venture Global Plaquemines LNG LLC                    | CUSIP: 922966AD8<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |   2140000 | PA      | $2266497.54   | 0.57%             | 2036-01-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| FTAI AVIATION INVESTORS              | FTAI Aviation Investors LLC                           | CUSIP: 34960PAE1<br>LEI: 529900E7PUVK6BC8PE80 | Long             | DBT              | CORP              | US        |   2565000 | PA      | $2725925.54   | 0.69%             | 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        |   2715000 | PA      | $2749735.71   | 0.70%             | 2033-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| BOMBARDIER INC                       | Bombardier Inc                                        | CUSIP: 097751CD1<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |   3225000 | PA      | $3385437.40   | 0.86%             | 2033-06-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| DOORDASH INC                         | DoorDash Inc                                          | CUSIP: 25809KAA3<br>LEI: 549300NUQ43FGGSK5051 | Long             | DBT              | CORP              | US        |   3690000 | PA      | $4073760.00   | 1.03%             | 2030-05-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| VIAVI SOLUTIONS INC                  | Viavi Solutions Inc                                   | CUSIP: 925550AJ4<br>LEI: 5493006K3E3N1QOBF092 | Long             | DBT              | CORP              | US        |   2300000 | PA      | $3228625.00   | 0.82%             | 2031-03-01      | Fixed         | 0.62%                 | No            |                  2 | On Loan: No      |
| ALNYLAM PHARMACEUTICALS              | Alnylam Pharmaceuticals Inc                           | CUSIP: 02043QAB3<br>LEI: 529900S3ZI14OWRJII50 | Long             | DBT              | CORP              | US        |   2675000 | PA      | $4400375.00   | 1.12%             | 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        |   3215000 | PA      | $3202461.50   | 0.81%             | 2026-06-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| CLOUD SOFTWARE GRP INC               | Cloud Software Group Inc                              | CUSIP: 88632QAE3<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |   2215000 | PA      | $2231718.82   | 0.57%             | 2029-03-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| DIGITAL REALTY TRUST LP              | Digital Realty Trust LP                               | CUSIP: 25389JAX4<br>LEI: CD4SPTZ3YBTHY0C1AH38 | Long             | DBT              | CORP              | US        |   3690000 | PA      | $3891843.00   | 0.99%             | 2029-11-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| INTERDIGITAL INC                     | InterDigital Inc                                      | CUSIP: 45867GAD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    740000 | PA      | $3468750.00   | 0.88%             | 2027-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| MERITAGE HOMES CORP                  | Meritage Homes Corp                                   | CUSIP: 59001ABF8<br>LEI: 52990044W9UMFJO2FB97 | Long             | DBT              | CORP              | US        |   1755000 | PA      | $1748132.63   | 0.44%             | 2028-05-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| MP MATERIALS CORP                    | MP Materials Corp                                     | CUSIP: 553368AC5<br>LEI: 89450063PHPS61USMT84 | Long             | DBT              | CORP              | US        |    650000 | PA      | $1965275.00   | 0.50%             | 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      | $1568377.40   | 0.40%             | 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      | $1153575.41   | 0.29%             | 2032-03-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| RIOT PLATFORMS INC                   | Riot Platforms Inc                                    | CUSIP: 767292AA3<br>LEI: 5299005LKZAJQDQZDF73 | Long             | DBT              | CORP              | US        |   2130000 | PA      | $3314280.00   | 0.84%             | 2030-01-15      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP                            | Sunoco LP                                             | CUSIP: 86765KAD1<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |   2220000 | PA      | $2266877.52   | 0.57%             | 2033-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                        | TransDigm Inc                                         | CUSIP: 893647CA3<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   2655000 | PA      | $2751331.37   | 0.70%             | 2034-01-31      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| XPO INC                              | XPO Inc                                               | CUSIP: 98379KAB8<br>LEI: 54930096DB9LCLPN7H13 | Long             | DBT              | CORP              | US        |   2650000 | PA      | $2766905.68   | 0.70%             | 2031-06-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| BRIGHTSPRING HEALTH SERV             | BrightSpring Health Services Inc                      | CUSIP: 10950A205<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     32275 | NS      | $3562514.50   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| STRATEGY INC                         | Strategy Inc                                          | CUSIP: 594972AR2<br>LEI: 549300WQTWEJUEHXQX21 | Long             | DBT              | CORP              | US        |   6115000 | PA      | $5320050.00   | 1.35%             | 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      | $1713379.00   | 0.43%             | 2029-09-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| QXO INC                              | QXO Inc                                               | CUSIP: 82846H504<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     37490 | NS      | $1913864.50   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| CYTOKINETICS INC                     | Cytokinetics Inc                                      | CUSIP: 23282WAD2<br>LEI: 549300BE5DY1HW7IHA64 | Long             | DBT              | CORP              | US        |   2195000 | PA      | $2718727.00   | 0.69%             | 2031-10-01      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| LIVE NATION ENTERTAINMEN             | Live Nation Entertainment Inc                         | CUSIP: 538034BB4<br>LEI: 5493007B9BM9ZXJINO78 | Long             | DBT              | CORP              | US        |   7015000 | PA      | $7449930.00   | 1.89%             | 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        |   1605000 | PA      | $1689126.08   | 0.43%             | 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        |   1770000 | PA      | $2451804.00   | 0.62%             | 2029-11-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: —       |
| CENTRUS ENERGY CORP                  | Centrus Energy Corp                                   | CUSIP: 15643UAF1<br>LEI: 549300G6VDK9G8276661 | Long             | DBT              | CORP              | US        |   2400000 | PA      | $4263600.00   | 1.08%             | 2032-08-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ON SEMICONDUCTOR CORP                | ON Semiconductor Corp                                 | CUSIP: 682189AS4<br>LEI: ZV20P4CNJVT8V1ZGJ064 | Long             | DBT              | CORP              | US        |   1175000 | PA      | $1360062.50   | 0.34%             | 2027-05-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| LIONS GATE CAPITAL HOL 1             | Starz Capital Holdings 1 Inc                          | CUSIP: 535939AA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1025000 | PA      | $963500.00    | 0.24%             | 2030-04-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| VEECO INSTRUMENTS INC                | Veeco Instruments Inc                                 | CUSIP: 922417AJ9<br>LEI: 5493004201F72ADDZW04 | Long             | DBT              | CORP              | US        |   1800000 | PA      | $2234700.00   | 0.57%             | 2029-06-01      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| WESTERN DIGITAL CORP                 | Western Digital Corp                                  | CUSIP: 958102AT2<br>LEI: 549300QQXOOYEF89IC56 | Long             | DBT              | CORP              | US        |   2315000 | PA      | $9271575.00   | 2.35%             | 2028-11-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| PENNYMAC FIN SVCS INC                | PennyMac Financial Services Inc                       | CUSIP: 70932MAF4<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |   1060000 | PA      | $1096503.75   | 0.28%             | 2033-02-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| SEMTECH CORP                         | Semtech Corp                                          | CUSIP: 816850AJ0<br>LEI: 549300J7WUY317SW6O61 | Long             | DBT              | CORP              | US        |   3090000 | PA      | $3133260.00   | 0.79%             | 2030-10-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SUPER MICRO COMPUTER INC             | Super Micro Computer Inc                              | CUSIP: 86800UAB0<br>LEI: 54930022CZO1N2UGVW07 | Long             | DBT              | CORP              | US        |   2650000 | PA      | $2819600.00   | 0.71%             | 2029-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| DAVITA INC                           | DaVita Inc                                            | CUSIP: 23918KAY4<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | DBT              | CORP              | US        |   2090000 | PA      | $2166989.33   | 0.55%             | 2033-07-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| AXON ENTERPRISE INC                  | Axon Enterprise Inc                                   | CUSIP: 05464CAD3<br>LEI: 549300QP2IEEGFE16681 | Long             | DBT              | CORP              | US        |   1690000 | PA      | $1746792.08   | 0.44%             | 2033-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| WISDOMTREE INC                       | WisdomTree Inc                                        | CUSIP: 97717PAJ3<br>LEI: 549300WIU8IS7UFO7871 | Long             | DBT              | CORP              | US        |   1690000 | PA      | $1727180.00   | 0.44%             | 2030-08-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| XOMETRY INC                          | Xometry Inc                                           | CUSIP: 98423FAC3<br>LEI: 5493006JFRGU7YRRXE44 | Long             | DBT              | CORP              | US        |   1085000 | PA      | $1413755.00   | 0.36%             | 2030-06-15      | Fixed         | 0.75%                 | No            |                  2 | On Loan: —       |
| LUMENTUM HOLDINGS INC                | Lumentum Holdings Inc                                 | CUSIP: 55024UAJ8<br>LEI: 549300JLWRRC38DWEF52 | Long             | DBT              | CORP              | US        |   6130000 | PA      | $8122250.00   | 2.06%             | 2032-03-15      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| LIGHT & WONDER INTL INC              | Light & Wonder International Inc                      | CUSIP: 531968AB1<br>LEI: RLTHESQ0RNFQJWPBJN60 | Long             | DBT              | CORP              | US        |   2260000 | PA      | $2250010.80   | 0.57%             | 2033-10-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| PG&E CORP                            | PG&E Corp                                             | CUSIP: 69331C306<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | EP               | CORP              | US        |    111390 | NS      | $4578129.00   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| AMER SPORTS COMPANY                  | Amer Sports Co                                        | CUSIP: 02352NAA7<br>LEI: 549300NRKH9WF70VFC95 | Long             | DBT              | CORP              | US        |   1615000 | PA      | $1679923.00   | 0.43%             | 2031-02-16      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| JAZZ INVESTMENTS I LTD               | Jazz Investments I Ltd                                | CUSIP: 472145AH4<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   2590000 | PA      | $3162390.00   | 0.80%             | 2030-09-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| TERAWULF INC                         | TERAWULF INC                                          | CUSIP: 88080TAE4<br>LEI: 254900CVMW1SX2T78A64 | Long             | DBT              | CORP              | US        |   1525000 | PA      | $1576850.00   | 0.40%             | 2032-05-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| DREYFUS GOVERNMENT CASH MANAGE       | DREYFUS GOVERNMENT CASH MANAGE                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   1848022 | NS      | $1848022.40   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| TRANSOCEAN TITAN FIN LTD             | Transocean Titan Financing Ltd                        | CUSIP: 89386MAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |   1934762 | PA      | $1988201.96   | 0.50%             | 2028-02-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| NEBIUS GROUP NV                      | Nebius Group NV                                       | CUSIP: 63954QAE6<br>LEI: 549300GGZHJ5Q1B18P93 | Long             | DBT              | CORP              | NL        |   1580000 | PA      | $2013710.00   | 0.51%             | 2030-09-15      | Fixed         | 1.00%                 | 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      | $1888.20      | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| CIVITAS RESOURCES INC                | Civitas Resources Inc                                 | CUSIP: 17888HAB9<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |   1625000 | PA      | $1670588.66   | 0.42%             | 2031-07-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| ALNYLAM PHARMACEUTICALS              | Alnylam Pharmaceuticals Inc                           | CUSIP: 02043QAC1<br>LEI: 529900S3ZI14OWRJII50 | Long             | DBT              | CORP              | US        |    895000 | PA      | $893881.25    | 0.23%             | 2028-09-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| VERSANT MEDIA GROUP INC              | Versant Media Group Inc                               | CUSIP: 925283AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2190000 | PA      | $2232326.46   | 0.57%             | 2031-01-30      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| INSULET CORPORATION                  | Insulet Corp                                          | CUSIP: 45784PAL5<br>LEI: 549300TZTYD2PYN92D43 | Long             | DBT              | CORP              | US        |   1590000 | PA      | $1656541.50   | 0.42%             | 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        |     66375 | NS      | $3253702.50   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| ADIENT GLOBAL HOLDINGS               | Adient Global Holdings Ltd                            | CUSIP: 00687YAD7<br>LEI: 213800VA38VCKE6M8790 | Long             | DBT              | CORP              | JE        |   2165000 | PA      | $2237941.02   | 0.57%             | 2033-02-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-12-22

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

**Signature:** Amy Hackett

**Name of Signer:** Amy Hackett

**Title:** Vice President and Assistant Treasurer