# EDGAR Filing Document

**Accession Number:** 0000867297
**File Stem:** 0000940400-25-010912
**Filing Date:** 2025-11
**Character Count:** 51386
**Document Hash:** 643c2f5c95d3f2fe12ac39e93739e78f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-25-010912.hdr.sgml**: 20251126

**ACCESSION NUMBER**: 0000940400-25-010912

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251126

**DATE AS OF CHANGE**: 20251126

**PERIOD START**: 20260630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Virtus Investment Trust
- **CENTRAL INDEX KEY:** 0000867297

**ORGANIZATION NAME:**
- **EIN:** 330457728
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-06161
- **FILM NUMBER:** 251527486

**BUSINESS ADDRESS:**
- **STREET 1:** 101 MUNSON STEET
- **CITY:** GREENFIELD
- **STATE:** MA
- **ZIP:** 01301
- **BUSINESS PHONE:** 800-243-1574

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ALLIANZ FUNDS
- **DATE OF NAME CHANGE:** 20050330

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PIMCO FUNDS MULTI MANAGER SERIES
- **DATE OF NAME CHANGE:** 19970626

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PIMCO FUNDS EQUITY ADVISORS SERIES
- **DATE OF NAME CHANGE:** 19960227

## Series and Classes Contracts Data

### Virtus NFJ Small-Cap Value Fund (Series ID: S000007966)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000021621 | A             | PCVAX           |
| C000021624 | C             | PCVCX           |
| C000021626 | Institutional | PSVIX           |
| C000135575 | R6            | ANFVX           |

## Nport-Ex

**VIRTUS NFJ Small-Cap Value Fund**

**SCHEDULE OF INVESTMENTS (Unaudited)**

**September 30, 2025**

($ reported in thousands)

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

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Common Stocks—99.8%** | **Common Stocks—99.8%** | **Common Stocks—99.8%** |
| **Communication Services—1.3%** | **Communication Services—1.3%** |  |
| Cargurus, Inc. Class A<sup>(1)</sup> <br>| 63907 | &nbsp;&nbsp; $2379 |
| Iridium Communications, Inc. | 55169 | &nbsp;&nbsp; 963 |
|  |  | &nbsp;&nbsp; 3342 |
| **Consumer Discretionary—11.6%** | **Consumer Discretionary—11.6%** |  |
| &nbsp;&nbsp;&nbsp; Asbury Automotive Group, <br> Inc.<sup>(1)</sup> <br>| 10168 | &nbsp;&nbsp; 2485 |
| &nbsp;&nbsp;&nbsp; Camping World Holdings, Inc. <br> Class A<br>| 80406 | &nbsp;&nbsp; 1269 |
| Carriage Services, Inc. Class A | 29269 | &nbsp;&nbsp; 1304 |
| Dana, Inc. | 126643 | &nbsp;&nbsp; 2538 |
| KB Home | 19416 | &nbsp;&nbsp; 1236 |
| LGI Homes, Inc.<sup>(1)</sup> <br>| 42906 | &nbsp;&nbsp; 2219 |
| Malibu Boats, Inc. Class A<sup>(1)</sup> <br>| 55852 | &nbsp;&nbsp; 1812 |
| Papa John's International, Inc. | 53655 | &nbsp;&nbsp; 2583 |
| Penn Entertainment, Inc.<sup>(1)</sup> <br>| 133888 | &nbsp;&nbsp; 2579 |
| &nbsp;&nbsp;&nbsp; Taylor Morrison Home Corp. <br> Class A<sup>(1)</sup> <br>| 19826 | &nbsp;&nbsp; 1309 |
| Udemy, Inc.<sup>(1)</sup> <br>| 185061 | &nbsp;&nbsp; 1297 |
| Victoria's Secret & Co.<sup>(1)</sup> <br>| 66989 | &nbsp;&nbsp; 1818 |
| Winnebago Industries, Inc. | 71623 | &nbsp;&nbsp; 2395 |
| Wolverine World Wide, Inc. | 92152 | &nbsp;&nbsp; 2529 |
| YETI Holdings, Inc.<sup>(1)</sup> <br>| 74440 | &nbsp;&nbsp; 2470 |
|  |  | &nbsp;&nbsp; 29843 |
| **Consumer Staples—0.5%** | **Consumer Staples—0.5%** |  |
| PriceSmart, Inc. | 10526 | &nbsp;&nbsp; 1276 |
| **Energy—5.7%** | **Energy—5.7%** |  |
| Helmerich & Payne, Inc. | 210201 | &nbsp;&nbsp; 4643 |
| Matador Resources Co. | 78572 | &nbsp;&nbsp; 3530 |
| Ovintiv, Inc. | 76413 | &nbsp;&nbsp; 3086 |
| SM Energy Co. | 93613 | &nbsp;&nbsp; 2337 |
| Vital Energy, Inc.<sup>(1)</sup> <br>| 70970 | &nbsp;&nbsp; 1199 |
|  |  | &nbsp;&nbsp; 14795 |
| **Financials—30.5%** | **Financials—30.5%** |  |
| Associated Banc-Corp. | 102916 | &nbsp;&nbsp; 2646 |
| &nbsp;&nbsp;&nbsp; Atlantic Union Bankshares <br> Corp.<br>| 77248 | &nbsp;&nbsp; 2726 |
| Axos Financial, Inc.<sup>(1)</sup> <br>| 14879 | &nbsp;&nbsp; 1260 |
| Bancorp, Inc. (The)<sup>(1)</sup> <br>| 38004 | &nbsp;&nbsp; 2846 |
| Cadence Bank | 72950 | &nbsp;&nbsp; 2739 |
| Commerce Bancshares, Inc. | 79742 | &nbsp;&nbsp; 4765 |
| &nbsp;&nbsp;&nbsp; Community Financial System, <br> Inc.<br>| 90455 | &nbsp;&nbsp; 5304 |
| &nbsp;&nbsp;&nbsp; Enterprise Financial Services <br> Corp.<br>| 90582 | &nbsp;&nbsp; 5252 |
| &nbsp;&nbsp;&nbsp; Finance Of America Cos., Inc. <br> Class A<sup>(1)</sup> <br>| 50768 | &nbsp;&nbsp; 1139 |
| &nbsp;&nbsp;&nbsp; First Financial Bankshares, <br> Inc.<br>| 144748 | &nbsp;&nbsp; 4871 |
| &nbsp;&nbsp;&nbsp; First Interstate BancSystem, <br> Inc. Class A<br>| 85982 | &nbsp;&nbsp; 2740 |
| Glacier Bancorp, Inc. | 115624 | &nbsp;&nbsp; 5627 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Financials—continued** | **Financials—continued** |  |
| &nbsp;&nbsp;&nbsp; HA Sustainable Infrastructure <br> Capital, Inc.<br>| 86917 | &nbsp;&nbsp; $2668 |
| Home BancShares, Inc. | 90367 | &nbsp;&nbsp; 2557 |
| Independent Bank Corp. | 77781 | &nbsp;&nbsp; 5380 |
| Lakeland Financial Corp. | 80274 | &nbsp;&nbsp; 5154 |
| NerdWallet, Inc. Class A<sup>(1)</sup> <br>| 246699 | &nbsp;&nbsp; 2655 |
| Old National Bancorp | 120522 | &nbsp;&nbsp; 2645 |
| Pathward Financial, Inc. | 17237 | &nbsp;&nbsp; 1276 |
| &nbsp;&nbsp;&nbsp; Pinnacle Financial Partners, <br> Inc.<br>| 27820 | &nbsp;&nbsp; 2609 |
| Stock Yards Bancorp, Inc. | 33563 | &nbsp;&nbsp; 2349 |
| UMB Financial Corp. | 22837 | &nbsp;&nbsp; 2703 |
| Velocity Financial, Inc.<sup>(1)</sup> <br>| 70705 | &nbsp;&nbsp; 1283 |
| Walker & Dunlop, Inc. | 63240 | &nbsp;&nbsp; 5288 |
|  |  | &nbsp;&nbsp; 78482 |
| **Health Care—8.4%** | **Health Care—8.4%** |  |
| Addus HomeCare Corp.<sup>(1)</sup> <br>| 33321 | &nbsp;&nbsp; 3932 |
| Amicus Therapeutics, Inc.<sup>(1)</sup> <br>| 313243 | &nbsp;&nbsp; 2468 |
| Exelixis, Inc.<sup>(1)</sup> <br>| 131711 | &nbsp;&nbsp; 5440 |
| Krystal Biotech, Inc.<sup>(1)</sup> <br>| 8011 | &nbsp;&nbsp; 1414 |
| &nbsp;&nbsp;&nbsp; Ligand Pharmaceuticals, <br> Inc.<sup>(1)</sup> <br>| 12047 | &nbsp;&nbsp; 2134 |
| LivaNova plc<sup>(1)</sup> <br>| 47886 | &nbsp;&nbsp; 2508 |
| Omnicell, Inc.<sup>(1)</sup> <br>| 78841 | &nbsp;&nbsp; 2401 |
| Veracyte, Inc.<sup>(1)</sup> <br>| 38417 | &nbsp;&nbsp; 1319 |
|  |  | &nbsp;&nbsp; 21616 |
| **Industrials—12.7%** | **Industrials—12.7%** |  |
| Alaska Air Group, Inc.<sup>(1)</sup> <br>| 50083 | &nbsp;&nbsp; 2493 |
| &nbsp;&nbsp;&nbsp; Armstrong World Industries, <br> Inc.<br>| 13413 | &nbsp;&nbsp; 2629 |
| Dycom Industries, Inc.<sup>(1)</sup> <br>| 9283 | &nbsp;&nbsp; 2708 |
| GATX Corp. | 14825 | &nbsp;&nbsp; 2591 |
| Genpact Ltd. | 30804 | &nbsp;&nbsp; 1290 |
| Insteel Industries, Inc. | 51521 | &nbsp;&nbsp; 1975 |
| JBT Marel Corp. | 32950 | &nbsp;&nbsp; 4628 |
| Lindsay Corp. | 9304 | &nbsp;&nbsp; 1308 |
| &nbsp;&nbsp;&nbsp; MonotaRO Co., Ltd. <br> Unsponsored ADR<br>| 58909 | &nbsp;&nbsp; 854 |
| NEXTracker, Inc. Class A<sup>(1)</sup> <br>| 41977 | &nbsp;&nbsp; 3106 |
| Oshkosh Corp. | 19898 | &nbsp;&nbsp; 2581 |
| &nbsp;&nbsp;&nbsp; Watts Water Technologies, <br> Inc. Class A<br>| 9348 | &nbsp;&nbsp; 2611 |
| Werner Enterprises, Inc. | 92163 | &nbsp;&nbsp; 2426 |
| Worthington Enterprises, Inc. | 24464 | &nbsp;&nbsp; 1358 |
|  |  | &nbsp;&nbsp; 32558 |
| **Information Technology—6.3%** | **Information Technology—6.3%** |  |
| Cirrus Logic, Inc.<sup>(1)</sup> <br>| 20456 | &nbsp;&nbsp; 2563 |
| Corsair Gaming, Inc.<sup>(1)</sup> <br>| 152062 | &nbsp;&nbsp; 1356 |
| Diodes, Inc.<sup>(1)</sup> <br>| 36151 | &nbsp;&nbsp; 1924 |
| Littelfuse, Inc. | 5639 | &nbsp;&nbsp; 1460 |
| MKS, Inc. | 30675 | &nbsp;&nbsp; 3797 |
| RingCentral, Inc. Class A<sup>(1)</sup> <br>| 82243 | &nbsp;&nbsp; 2331 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Information Technology—continued** | **Information Technology—continued** |  |
| Viavi Solutions, Inc.<sup>(1)</sup> <br>| 210276 | &nbsp;&nbsp; $2668 |
|  |  | &nbsp;&nbsp; 16099 |
| **Materials—6.1%** | **Materials—6.1%** |  |
| Ashland, Inc. | 46750 | &nbsp;&nbsp; 2240 |
| Coeur Mining, Inc.<sup>(1)</sup> <br>| 138471 | &nbsp;&nbsp; 2598 |
| FMC Corp. | 61682 | &nbsp;&nbsp; 2074 |
| Kaiser Aluminum Corp. | 50866 | &nbsp;&nbsp; 3925 |
| Quaker Chemical Corp. | 19453 | &nbsp;&nbsp; 2563 |
| Stepan Co. | 48287 | &nbsp;&nbsp; 2303 |
|  |  | &nbsp;&nbsp; 15703 |
| **Real Estate—10.3%** | **Real Estate—10.3%** |  |
| &nbsp;&nbsp;&nbsp; Alexandria Real Estate <br> Equities, Inc.<br>| 30740 | &nbsp;&nbsp; 2562 |
| Cousins Properties, Inc. | 88637 | &nbsp;&nbsp; 2565 |
| &nbsp;&nbsp;&nbsp; Essential Properties Realty <br> Trust, Inc.<br>| 51520 | &nbsp;&nbsp; 1533 |
| Getty Realty Corp. | 84385 | &nbsp;&nbsp; 2264 |
| Healthpeak Properties, Inc. | 136296 | &nbsp;&nbsp; 2610 |
| Jones Lang LaSalle, Inc.<sup>(1)</sup> <br>| 8359 | &nbsp;&nbsp; 2493 |
| PotlatchDeltic Corp. | 63901 | &nbsp;&nbsp; 2604 |
| Rexford Industrial Realty, Inc. | 123127 | &nbsp;&nbsp; 5062 |
| Terreno Realty Corp. | 86883 | &nbsp;&nbsp; 4931 |
|  |  | &nbsp;&nbsp; 26624 |
| **Utilities—6.4%** | **Utilities—6.4%** |  |
| AES Corp. (The) | 240490 | &nbsp;&nbsp; 3165 |
| American States Water Co. | 54292 | &nbsp;&nbsp; 3981 |
| Avista Corp. | 66187 | &nbsp;&nbsp; 2503 |
| Chesapeake Utilities Corp. | 17640 | &nbsp;&nbsp; 2376 |
| Middlesex Water Co. | 36446 | &nbsp;&nbsp; 1972 |
| Portland General Electric Co. | 54753 | &nbsp;&nbsp; 2409 |
|  |  | &nbsp;&nbsp; 16406 |
| **Total Common Stocks** <br>**(Identified Cost $228,904)** | **Total Common Stocks** <br>**(Identified Cost $228,904)** | &nbsp;&nbsp; **256744** |
| **Total Long-Term** <br> **Investments—99.8%** <br>**(Identified Cost $228,904)** | **Total Long-Term** <br> **Investments—99.8%** <br>**(Identified Cost $228,904)** | &nbsp;&nbsp; **256744** |
| **TOTAL INVESTMENTS—99.8%** <br>**(Identified Cost $228,904)** | **TOTAL INVESTMENTS—99.8%** <br>**(Identified Cost $228,904)** | &nbsp;&nbsp; **$256744** |
| Other assets and liabilities, net—0.2% | Other assets and liabilities, net—0.2% | &nbsp;&nbsp; 522 |
| **NET ASSETS—100.0%** | **NET ASSETS—100.0%** | &nbsp;&nbsp; **$257266** |

---

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

---

| | |
|:---|:---|
| **Abbreviations:** | **Abbreviations:** |
| ADR | American Depositary Receipt |
| plc | Public Limited Company |

---

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

---

| | |
|:---|:---|
| **Footnote Legend:** | **Footnote Legend:** |
| <sup>(1)</sup> <br>| Non-income producing. |

---

See Notes to Schedule of Investments

------

**VIRTUS NFJ Small-Cap Value Fund**

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

**September 30, 2025**

($ reported in thousands)

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

---

| | | |
|:---|:---|:---|
|  | Total <br>Value at <br>September 30, 2025<br>| Level 1 <br>Quoted Prices<br>|
| Assets: |  |  |
| Equity Securities: |  |  |
| &nbsp;&nbsp;&nbsp; Common Stocks | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $256744 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $256744 |
| Total Investments | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $256744 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $256744 |

---

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

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

See Notes to Schedule of Investments

------

**VIRTUS NFJ Small-Cap Value Fund**

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

**September 30, 2025**

**Note 1. Security Valuation**

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

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

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

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

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

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

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

Debt instruments, including convertible bonds, restricted securities, and leveraged loan 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 financial statements.*

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Virtus Investment Trust

- **b. Investment Company Act file number:** 811-06161

- **c. CIK number of Registrant:** 0000867297

- **d. LEI of Registrant:** 549300JFX7YJRKFQYL29

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

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

  - **City:** Greenfield

  - **State:** MA

  - **Foreign country:** US

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

  - **Telephone number:** 800-243-1574

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

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

- **b. EDGAR series identifier (if any):** S000007966

- **c. LEI of Series:** 549300E1YSBENTVWN363

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

- **a. Date of fiscal year-end:** 2026-06-30

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $258676906.10

**Total Liabilities:** $369061.22

**Net Assets:** $258307844.88

**Cash Not Reported:** $1458415.92

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000021624 | 0.55%                | 7.83%                | -1.92%               |
| Class ID C000021626 | 0.68%                | 7.94%                | -1.82%               |
| Class ID C000135575 | 0.68%                | 7.96%                | -1.83%               |
| Class ID C000021621 | 0.62%                | 7.88%                | -1.80%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1169358.77              | $559902.41                                 |
| Month 2  | $-923224.68              | $20380431.22                               |
| Month 3  | $2841316.70              | $-8125373.14                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Coeur Mining Inc               | Coeur Mining Inc                          | CUSIP: 192108504<br>LEI: 5493003AVK173D48DR70 | Long             | EC               | CORP              | US        |    138471 | NS      | $2597715.96   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Oshkosh Corp                   | Oshkosh Corp                              | CUSIP: 688239201<br>LEI: 549300FEKNPCFSA2B506 | Long             | EC               | CORP              | US        |     19898 | NS      | $2580770.60   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Home BancShares Inc/AR         | Home BancShares Inc/AR                    | CUSIP: 436893200<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     90367 | NS      | $2557386.10   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Axos Financial Inc             | Axos Financial Inc                        | CUSIP: 05465C100<br>LEI: 529900D8M56422GK9O25 | Long             | EC               | CORP              | US        |     14879 | NS      | $1259507.35   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Veracyte Inc                   | Veracyte Inc                              | CUSIP: 92337F107<br>LEI: 529900ESWZRHXOW27Z37 | Long             | EC               | CORP              | US        |     38417 | NS      | $1318855.61   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Iridium Communications Inc     | Iridium Communications Inc                | CUSIP: 46269C102<br>LEI: 549300U620NVQ4J1CT96 | Long             | EC               | CORP              | US        |     55169 | NS      | $963250.74    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Essential Properties Realty Tr | Essential Properties Realty Trust Inc     | CUSIP: 29670E107<br>LEI: 2549009LXQLVYCGLZO50 | Long             | EC               | CORP              | US        |     51520 | NS      | $1533235.20   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Glacier Bancorp Inc            | Glacier Bancorp Inc                       | CUSIP: 37637Q105<br>LEI: 549300SMJAUKZB5D7V74 | Long             | EC               | CORP              | US        |    115624 | NS      | $5627420.08   | 2.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Papa John's International Inc  | Papa John's International Inc             | CUSIP: 698813102<br>LEI: HZYLD3DK5XOX0WBVNB56 | Long             | EC               | CORP              | US        |     53655 | NS      | $2583488.25   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Community Financial System Inc | Community Financial System Inc            | CUSIP: 203607106<br>LEI: 5299008N6YHE6GCP1E80 | Long             | EC               | CORP              | US        |     90455 | NS      | $5304281.20   | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Lakeland Financial Corp        | Lakeland Financial Corp                   | CUSIP: 511656100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     80274 | NS      | $5153590.80   | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Stepan Co                      | Stepan Co                                 | CUSIP: 858586100<br>LEI: IZU1EW9GB3WC7CYCSR17 | Long             | EC               | CORP              | US        |     48287 | NS      | $2303289.90   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Krystal Biotech Inc            | Krystal Biotech Inc                       | CUSIP: 501147102<br>LEI: 549300YONUY68210OE41 | Long             | EC               | CORP              | US        |      8011 | NS      | $1414181.83   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Wolverine World Wide Inc       | Wolverine World Wide Inc                  | CUSIP: 978097103<br>LEI: 549300OVC7PK14LQ8D87 | Long             | EC               | CORP              | US        |     92152 | NS      | $2528650.88   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Cargurus Inc                   | Cargurus Inc                              | CUSIP: 141788109<br>LEI: 54930027BKQN6B7X7G78 | Long             | EC               | CORP              | US        |     63907 | NS      | $2379257.61   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| KB Home                        | KB Home                                   | CUSIP: 48666K109<br>LEI: 549300LGUCWQURMWLG09 | Long             | EC               | CORP              | US        |     19416 | NS      | $1235634.24   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| American States Water Co       | American States Water Co                  | CUSIP: 029899101<br>LEI: 529900L26LIS2V8PWM23 | Long             | EC               | CORP              | US        |     54292 | NS      | $3980689.44   | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Bancorp Inc/The                | Bancorp Inc/The                           | CUSIP: 05969A105<br>LEI: 894500FP2ICT1B019Y71 | Long             | EC               | CORP              | US        |     38004 | NS      | $2846119.56   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Dana Inc                       | Dana Inc                                  | CUSIP: 235825205<br>LEI: KVWHW7YLZPFJM8QYNJ51 | Long             | EC               | CORP              | US        |    126643 | NS      | $2537925.72   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| JBT Marel Corp                 | JBT Marel Corp                            | CUSIP: 477839104<br>LEI: 5493007CT6ATBZ2L6826 | Long             | EC               | CORP              | US        |     32950 | NS      | $4627827.50   | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Cousins Properties Inc         | Cousins Properties Inc                    | CUSIP: 222795502<br>LEI: 5493007XPYD5EJABN062 | Long             | EC               | CORP              | US        |     88637 | NS      | $2565154.78   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Corsair Gaming Inc             | Corsair Gaming Inc                        | CUSIP: 22041X102<br>LEI: 549300Y7YT18L8G0H525 | Long             | EC               | CORP              | US        |    152062 | NS      | $1356393.04   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Pinnacle Financial Partners In | Pinnacle Financial Partners Inc           | CUSIP: 72346Q104<br>LEI: 54930098EZ8JMSAZGS24 | Long             | EC               | CORP              | US        |     27820 | NS      | $2609237.80   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Amicus Therapeutics Inc        | Amicus Therapeutics Inc                   | CUSIP: 03152W109<br>LEI: 549300MRD1SMUTNBPQ53 | Long             | EC               | CORP              | US        |    313243 | NS      | $2468354.84   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Dycom Industries Inc           | Dycom Industries Inc                      | CUSIP: 267475101<br>LEI: 549300F56EKTHQI3WT60 | Long             | EC               | CORP              | US        |      9283 | NS      | $2708408.08   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Watts Water Technologies Inc   | Watts Water Technologies Inc              | CUSIP: 942749102<br>LEI: 549300REJOO94ERQN318 | Long             | EC               | CORP              | US        |      9348 | NS      | $2610709.44   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| HA Sustainable Infrastructure  | HA Sustainable Infrastructure Capital Inc | CUSIP: 41068X100<br>LEI: 254900ZZRL7MWL1X8E92 | Long             | EC               | CORP              | US        |     86917 | NS      | $2668351.90   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| NEXTracker Inc                 | NEXTracker Inc                            | CUSIP: 65290E101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     41977 | NS      | $3105878.23   | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Getty Realty Corp              | Getty Realty Corp                         | CUSIP: 374297109<br>LEI: 2549000P1W5SFJWCNP90 | Long             | EC               | CORP              | US        |     84385 | NS      | $2264049.55   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| NerdWallet Inc                 | NerdWallet Inc                            | CUSIP: 64082B102<br>LEI: 254900FJ2Y4SH71DJ379 | Long             | EC               | CORP              | US        |    246699 | NS      | $2654481.24   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Alaska Air Group Inc           | Alaska Air Group Inc                      | CUSIP: 011659109<br>LEI: 529900G48RT4KWLC6C27 | Long             | EC               | CORP              | US        |     50083 | NS      | $2493131.74   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Viavi Solutions Inc            | Viavi Solutions Inc                       | CUSIP: 925550105<br>LEI: 5493006K3E3N1QOBF092 | Long             | EC               | CORP              | US        |    210276 | NS      | $2668402.44   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Velocity Financial Inc         | Velocity Financial Inc                    | CUSIP: 92262D101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     70705 | NS      | $1282588.70   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| SM Energy Co                   | SM Energy Co                              | CUSIP: 78454L100<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | EC               | CORP              | US        |     93613 | NS      | $2337516.61   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Walker & Dunlop Inc            | Walker & Dunlop Inc                       | CUSIP: 93148P102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     63240 | NS      | $5288128.80   | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Helmerich & Payne Inc          | Helmerich & Payne Inc                     | CUSIP: 423452101<br>LEI: 254900NAOGHJ88RZ4C73 | Long             | EC               | CORP              | US        |    210201 | NS      | $4643340.09   | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Insteel Industries Inc         | Insteel Industries Inc                    | CUSIP: 45774W108<br>LEI: 52990026LKY4MOX3L174 | Long             | EC               | CORP              | US        |     51521 | NS      | $1975315.14   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Associated Banc-Corp           | Associated Banc-Corp                      | CUSIP: 045487105<br>LEI: 549300N3CIN473IW5094 | Long             | EC               | CORP              | US        |    102916 | NS      | $2645970.36   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| AES Corp/The                   | AES Corp/The                              | CUSIP: 00130H105<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | EC               | CORP              | US        |    240490 | NS      | $3164848.40   | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Independent Bank Corp          | Independent Bank Corp                     | CUSIP: 453836108<br>LEI: 549300C5K3W8THR3GE10 | Long             | EC               | CORP              | US        |     77781 | NS      | $5380111.77   | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| RingCentral Inc                | RingCentral Inc                           | CUSIP: 76680R206<br>LEI: 549300C8EH0H1614VE84 | Long             | EC               | CORP              | US        |     82243 | NS      | $2330766.62   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Jones Lang LaSalle Inc         | Jones Lang LaSalle Inc                    | CUSIP: 48020Q107<br>LEI: 6SYKCME112RT8TQUO411 | Long             | EC               | CORP              | US        |      8359 | NS      | $2493322.52   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Genpact Ltd                    | Genpact Ltd                               | CUSIP: 000000000<br>LEI: 529900OSEC6Q0L4L5B35 | Long             | EC               | CORP              | US        |     30804 | NS      | $1290379.56   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Cadence Bank                   | Cadence Bank                              | CUSIP: 12740C103<br>LEI: Q7C315HKI8VX0SSKBS64 | Long             | EC               | CORP              | US        |     72950 | NS      | $2738543.00   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Malibu Boats Inc               | Malibu Boats Inc                          | CUSIP: 56117J100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     55852 | NS      | $1812397.40   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Rexford Industrial Realty Inc  | Rexford Industrial Realty Inc             | CUSIP: 76169C100<br>LEI: 549300MSLO0DF0EMX355 | Long             | EC               | CORP              | US        |    123127 | NS      | $5061750.97   | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| LGI Homes Inc                  | LGI Homes Inc                             | CUSIP: 50187T106<br>LEI: 549300W02B4WNV8CV109 | Long             | EC               | CORP              | US        |     42906 | NS      | $2218669.26   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Portland General Electric Co   | Portland General Electric Co              | CUSIP: 736508847<br>LEI: GJOUP9M7C39GLSK9R870 | Long             | EC               | CORP              | US        |     54753 | NS      | $2409132.00   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Ligand Pharmaceuticals Inc     | Ligand Pharmaceuticals Inc                | CUSIP: 53220K504<br>LEI: 5493008K7TB0IKP37H79 | Long             | EC               | CORP              | US        |     12047 | NS      | $2134005.58   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Vital Energy Inc               | Vital Energy Inc                          | CUSIP: 516806205<br>LEI: 549300X0PTWU2QSLSL14 | Long             | EC               | CORP              | US        |     70970 | NS      | $1198683.30   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Ashland Inc                    | Ashland Inc                               | CUSIP: 044186104<br>LEI: 529900E4L9R04SB8HB11 | Long             | EC               | CORP              | US        |     46750 | NS      | $2239792.50   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| First Financial Bankshares Inc | First Financial Bankshares Inc            | CUSIP: 32020R109<br>LEI: 549300XN3GTGOENGNV49 | Long             | EC               | CORP              | US        |    144748 | NS      | $4870770.20   | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Pathward Financial Inc         | Pathward Financial Inc                    | CUSIP: 59100U108<br>LEI: 5493004X52BH1NBLW813 | Long             | EC               | CORP              | US        |     17237 | NS      | $1275710.37   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| FMC Corp                       | FMC Corp                                  | CUSIP: 302491303<br>LEI: CKDHZ2X64EEBQCSP7013 | Long             | EC               | CORP              | US        |     61682 | NS      | $2074365.66   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Middlesex Water Co             | Middlesex Water Co                        | CUSIP: 596680108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     36446 | NS      | $1972457.52   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Commerce Bancshares Inc/MO     | Commerce Bancshares Inc/MO                | CUSIP: 200525103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     79742 | NS      | $4765381.92   | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Old National Bancorp/IN        | Old National Bancorp/IN                   | CUSIP: 680033107<br>LEI: 549300MMK90CL5KMVX16 | Long             | EC               | CORP              | US        |    120522 | NS      | $2645457.90   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Enterprise Financial Services  | Enterprise Financial Services Corp        | CUSIP: 293712105<br>LEI: 5493001XTU5DLD632129 | Long             | EC               | CORP              | US        |     90582 | NS      | $5251944.36   | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| PotlatchDeltic Corp            | PotlatchDeltic Corp                       | CUSIP: 737630103<br>LEI: 54930084YA8UJOTXDM59 | Long             | EC               | CORP              | US        |     63901 | NS      | $2603965.75   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Ovintiv Inc                    | Ovintiv Inc                               | CUSIP: 69047Q102<br>LEI: 2549003MEX7YMKLGI239 | Long             | EC               | CORP              | US        |     76413 | NS      | $3085556.94   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Exelixis Inc                   | Exelixis Inc                              | CUSIP: 30161Q104<br>LEI: 254900PJQB59O2O95R37 | Long             | EC               | CORP              | US        |    131711 | NS      | $5439664.30   | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Werner Enterprises Inc         | Werner Enterprises Inc                    | CUSIP: 950755108<br>LEI: 549300P6XRGOCHHJST37 | Long             | EC               | CORP              | US        |     92163 | NS      | $2425730.16   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Carriage Services Inc          | Carriage Services Inc                     | CUSIP: 143905107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     29269 | NS      | $1303641.26   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Addus HomeCare Corp            | Addus HomeCare Corp                       | CUSIP: 006739106<br>LEI: 52990090ZT33AKPDBX62 | Long             | EC               | CORP              | US        |     33321 | NS      | $3931544.79   | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| PriceSmart Inc                 | PriceSmart Inc                            | CUSIP: 741511109<br>LEI: 549300JVYOSTGVSDZS46 | Long             | EC               | CORP              | US        |     10526 | NS      | $1275645.94   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Asbury Automotive Group Inc    | Asbury Automotive Group Inc               | CUSIP: 043436104<br>LEI: 549300JH4DTA7U42GL91 | Long             | EC               | CORP              | US        |     10168 | NS      | $2485567.60   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Stock Yards Bancorp Inc        | Stock Yards Bancorp Inc                   | CUSIP: 861025104<br>LEI: 549300YERP9H5TDIQW16 | Long             | EC               | CORP              | US        |     33563 | NS      | $2349074.37   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Alexandria Real Estate Equitie | Alexandria Real Estate Equities Inc       | CUSIP: 015271109<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | EC               | CORP              | US        |     30740 | NS      | $2561871.60   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Avista Corp                    | Avista Corp                               | CUSIP: 05379B107<br>LEI: Q0IK63NITJD6RJ47SW96 | Long             | EC               | CORP              | US        |     66187 | NS      | $2502530.47   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| LivaNova PLC                   | LivaNova PLC                              | CUSIP: 000000000<br>LEI: 2138001K2FX6SHK2B339 | Long             | EC               | CORP              | GB        |     47886 | NS      | $2508268.68   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Winnebago Industries Inc       | Winnebago Industries Inc                  | CUSIP: 974637100<br>LEI: 549300B7OYKYJLTE3G11 | Long             | EC               | CORP              | US        |     71623 | NS      | $2395073.12   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| First Interstate BancSystem In | First Interstate BancSystem Inc           | CUSIP: 32055Y201<br>LEI: 549300WRWYTYX0RCNJ43 | Long             | EC               | CORP              | US        |     85982 | NS      | $2740246.34   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Victoria's Secret & Co         | Victoria's Secret & Co                    | CUSIP: 926400102<br>LEI: 5493006T3O70U3UWVF17 | Long             | EC               | CORP              | US        |     66989 | NS      | $1818081.46   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Armstrong World Industries Inc | Armstrong World Industries Inc            | CUSIP: 04247X102<br>LEI: KXMRXXOJ88Q45Y45MG74 | Long             | EC               | CORP              | US        |     13413 | NS      | $2629082.13   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| MKS Inc                        | MKS Inc                                   | CUSIP: 55306N104<br>LEI: 549300KEQATBHAGVF505 | Long             | EC               | CORP              | US        |     30675 | NS      | $3796644.75   | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| YETI Holdings Inc              | YETI Holdings Inc                         | CUSIP: 98585X104<br>LEI: 549300DSQICIGNT5GO63 | Long             | EC               | CORP              | US        |     74440 | NS      | $2469919.20   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Taylor Morrison Home Corp      | Taylor Morrison Home Corp                 | CUSIP: 87724P106<br>LEI: 5299009UDLLGLKOOJE30 | Long             | EC               | CORP              | US        |     19826 | NS      | $1308714.26   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Worthington Enterprises Inc    | Worthington Enterprises Inc               | CUSIP: 981811102<br>LEI: 1WRCIANKYOIK6KYE5E82 | Long             | EC               | CORP              | US        |     24464 | NS      | $1357507.36   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Omnicell Inc                   | Omnicell Inc                              | CUSIP: 68213N109<br>LEI: 5493008RH0GTKHHPZI77 | Long             | EC               | CORP              | US        |     78841 | NS      | $2400708.45   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Finance Of America Cos Inc     | Finance Of America Cos Inc                | CUSIP: 31738L206<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     50768 | NS      | $1138726.24   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Healthpeak Properties Inc      | Healthpeak Properties Inc                 | CUSIP: 42250P103<br>LEI: 254900M6MTMZM0I22L81 | Long             | EC               | CORP              | US        |    136296 | NS      | $2610068.40   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Udemy Inc                      | Udemy Inc                                 | CUSIP: 902685106<br>LEI: 2549000T304QU9SAM180 | Long             | EC               | CORP              | US        |    185061 | NS      | $1297277.61   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Terreno Realty Corp            | Terreno Realty Corp                       | CUSIP: 88146M101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     86883 | NS      | $4930610.25   | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Matador Resources Co           | Matador Resources Co                      | CUSIP: 576485205<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | EC               | CORP              | US        |     78572 | NS      | $3530239.96   | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Quaker Chemical Corp           | Quaker Chemical Corp                      | CUSIP: 747316107<br>LEI: 549300PJQ1R3WCWCPS54 | Long             | EC               | CORP              | US        |     19453 | NS      | $2562932.75   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Chesapeake Utilities Corp      | Chesapeake Utilities Corp                 | CUSIP: 165303108<br>LEI: 254900WW0FDCKAOCKE74 | Long             | EC               | CORP              | US        |     17640 | NS      | $2375931.60   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| UMB Financial Corp             | UMB Financial Corp                        | CUSIP: 902788108<br>LEI: 549300MGEH3N3CUCV828 | Long             | EC               | CORP              | US        |     22837 | NS      | $2702758.95   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Littelfuse Inc                 | Littelfuse Inc                            | CUSIP: 537008104<br>LEI: 549300MY7HLQFYTPCX75 | Long             | EC               | CORP              | US        |      5639 | NS      | $1460557.39   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Diodes Inc                     | Diodes Inc                                | CUSIP: 254543101<br>LEI: 549300XP2X1ARVH3BX23 | Long             | EC               | CORP              | US        |     36151 | NS      | $1923594.71   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Kaiser Aluminum Corp           | Kaiser Aluminum Corp                      | CUSIP: 483007704<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     50866 | NS      | $3924820.56   | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Cirrus Logic Inc               | Cirrus Logic Inc                          | CUSIP: 172755100<br>LEI: 549300NKSJEM5ZZSSV18 | Long             | EC               | CORP              | US        |     20456 | NS      | $2562932.24   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| GATX Corp                      | GATX Corp                                 | CUSIP: 361448103<br>LEI: 549300IHYHCQP2PIR591 | Long             | EC               | CORP              | US        |     14825 | NS      | $2591410.00   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Lindsay Corp                   | Lindsay Corp                              | CUSIP: 535555106<br>LEI: 549300ZFO0QG5H8TPI61 | Long             | EC               | CORP              | US        |      9304 | NS      | $1307770.24   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Camping World Holdings Inc     | Camping World Holdings Inc                | CUSIP: 13462K109<br>LEI: 549300E828QQI7MWI432 | Long             | EC               | CORP              | US        |     80406 | NS      | $1269610.74   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlantic Union Bankshares Corp | Atlantic Union Bankshares Corp            | CUSIP: 04911A107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     77248 | NS      | $2726081.92   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| MonotaRO Co Ltd                | MonotaRO Co Ltd                           | CUSIP: 61022V107<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     58909 | NS      | $853591.41    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Penn Entertainment Inc         | Penn Entertainment Inc                    | CUSIP: 707569109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    133888 | NS      | $2578682.88   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

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

**Name of Applicant:** Virtus Investment Trust

**Signature:** Amy Hackett

**Name of Signer:** Amy Hackett

**Title:** Vice President and Assistant Treasurer