# EDGAR Filing Document

**Accession Number:** 0001005020
**File Stem:** 0000940400-25-009437
**Filing Date:** 2025-11
**Character Count:** 33485
**Document Hash:** b307961a4eee320434b66d499017524f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-25-009437.hdr.sgml**: 20251124

**ACCESSION NUMBER**: 0000940400-25-009437

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251124

**DATE AS OF CHANGE**: 20251124

**PERIOD START**: 20250930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VIRTUS OPPORTUNITIES TRUST
- **CENTRAL INDEX KEY:** 0001005020

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07455
- **FILM NUMBER:** 251512161

**BUSINESS ADDRESS:**
- **STREET 1:** 101 MUNSON STREET
- **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:** PHOENIX OPPORTUNITIES TRUST
- **DATE OF NAME CHANGE:** 20060127

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PHOENIX SENECA FUNDS
- **DATE OF NAME CHANGE:** 19990122

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SENECA FUNDS
- **DATE OF NAME CHANGE:** 19951218

## Series and Classes Contracts Data

### Virtus Seix Tax-Exempt Bond Fund (Series ID: S000055180)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000173506 | Class I      | HXBIX           |
| C000173507 | Class A      | HXBZX           |
| C000173508 | Class C      | PXCZX           |

## 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 Opportunities Trust

- **b. Investment Company Act file number:** 811-07455

- **c. CIK number of Registrant:** 0001005020

- **d. LEI of Registrant:** 549300O4C4QVD88M4N75

- **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 Seix Tax-Exempt Bond Fund

- **b. EDGAR series identifier (if any):** S000055180

- **c. LEI of Series:** 5493004WPZW0YS0ZK188

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

- **a. Date of fiscal year-end:** 2025-09-30

- **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:** $48038393.92

**Total Liabilities:** $201559.80

**Net Assets:** $47836834.12

**Cash Not Reported:** $1743441.30

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** -920.48383440 | **10-Year:** -5572.49743600 | **30-Year:** -20189.67036000

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

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

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000173507 | -0.15%               | 0.65%                | 1.82%                |
| Class ID C000173508 | -0.21%               | 0.59%                | 1.76%                |
| Class ID C000173506 | -0.13%               | 0.68%                | 1.84%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-6862.22                | $-175863.01                                |
| Month 2  | $-23616.66               | $218522.06                                 |
| Month 3  | $0.00                    | $742537.21                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| MINNEAPOLIS MN SPL SCH DIST #1 | Minneapolis Special School District No 1                     | CUSIP: 603790WL6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1140000 | PA      | $1223218.52   | 2.56%             | 2040-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ATLANTA GA URBAN REDEV AGY REV | Atlanta Urban Redevelopment Agency                           | CUSIP: 047851DD9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $623410.81    | 1.30%             | 2037-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TOBACCO SETTLEMENT FING CORP N | Tobacco Settlement Financing Corp                            | CUSIP: 888808HG0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $261818.45    | 0.55%             | 2031-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DENVER CITY & CNTY CO ARPT REV | City & County of Denver CO Airport System Revenue            | CUSIP: 249182SY3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1125708.20   | 2.35%             | 2030-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| DENVER CO CONVENTION CENTER HO | Denver Convention Center Hotel Authority                     | CUSIP: 249189DF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $407029.20    | 0.85%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARLINGTON TX HGR EDU FIN CORP  | Arlington Higher Education Finance Corp                      | CUSIP: 041807FG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    190000 | PA      | $182987.80    | 0.38%             | 2053-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| INDIANA ST FIN AUTH HOSP REVEN | Indiana Finance Authority                                    | CUSIP: 45471ARL8<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1725786.11   | 3.61%             | 2043-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CENTRL TX REGL MOBILITY AUTH R | Central Texas Regional Mobility Authority                    | CUSIP: 155498NH7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $750147.08    | 1.57%             | 2038-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST HSG FIN AUTH HS | Connecticut Housing Finance Authority                        | CUSIP: 20775CXK5<br>LEI: 5493003DXX0NRJKSH186 | Long             | DBT              | MUN               | US        |    325000 | PA      | $323226.18    | 0.68%             | 2033-11-15      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST BAY TRANSPRTN | Massachusetts Bay Transportation Authority Sales Tax Revenue | CUSIP: 575579Z67<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $551875.75    | 1.15%             | 2040-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST  | New Jersey Transportation Trust Fund Authority               | CUSIP: 64613CEV6<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |    500000 | PA      | $546384.60    | 1.14%             | 2041-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| WHARTON TX INDEP SCH DIST      | Wharton Independent School District                          | CUSIP: 962421LQ4<br>LEI: 549300J0CSVSVBHAV698 | Long             | DBT              | MUN               | US        |    645000 | PA      | $642622.85    | 1.34%             | 2032-02-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| LOUISIANA ST                   | State of Louisiana                                           | CUSIP: 546417LB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $734010.36    | 1.53%             | 2037-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                    | State of Illinois                                            | CUSIP: 452152G88<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |   1250000 | PA      | $1288132.75   | 2.69%             | 2027-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST MUNI GAS ACQUISITION  | Texas Municipal Gas Acquisition and Supply Corp I            | CUSIP: 88256CEX3<br>LEI: 6AZ7FRSNC3ZFPM0Z8L86 | Long             | DBT              | MUN               | US        |    485000 | PA      | $495248.29    | 1.04%             | 2026-12-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ZIONSVILLE IN CMNTY SCHS BLDG  | Zionsville Community Schools Building Corp                   | CUSIP: 98972LQF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $112360.08    | 0.23%             | 2031-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL                     | City of Chicago IL                                           | CUSIP: 167486W47<br>LEI: T5UYO5SYLC8K73MJQX30 | Long             | DBT              | MUN               | US        |    275000 | PA      | $296015.61    | 0.62%             | 2042-01-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL WTRWKS REVENUE      | City of Chicago IL Waterworks Revenue                        | CUSIP: 167736P35<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $519431.15    | 1.09%             | 2031-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST HSG FIN AGY H | Massachusetts Housing Finance Agency                         | CUSIP: 57587A8C5<br>LEI: 549300NLJBK1VP6K2K81 | Long             | DBT              | MUN               | US        |    500000 | PA      | $378468.65    | 0.79%             | 2040-12-01      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| SANTA CLARITA CA CMNTY CLG DIS | Santa Clarita Community College District                     | CUSIP: 801686SG2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $393477.25    | 0.82%             | 2044-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST CMNTY DEV ADMIN DE | Maryland Community Development Administration                | CUSIP: 57419TPW5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $179355.00    | 0.37%             | 2030-03-01      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI SOL WST DIS | Public Finance Authority                                     | CUSIP: 74445MAB5<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    250000 | PA      | $246831.15    | 0.52%             | 2027-05-01      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ST CLG BLDG AUTH EDUC | Virginia College Building Authority                          | CUSIP: 92778VMU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $617229.91    | 1.29%             | 2036-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TOBACCO SETTLEMENT FING CORP N | Tobacco Settlement Financing Corp                            | CUSIP: 888808HJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $259608.55    | 0.54%             | 2033-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOVEJOY TX INDEP SCH DIST      | Lovejoy Independent School District                          | CUSIP: 547160XN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $279764.13    | 0.58%             | 2031-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF TEXAS TX PERMANENT UNI | Permanent University Fund - University of Texas System       | CUSIP: 915130BH0<br>LEI: 549300GZUEUTLKVGLF98 | Long             | DBT              | MUN               | US        |   1045000 | PA      | $1218311.68   | 2.55%             | 2036-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| LOUISIANA ST                   | State of Louisiana                                           | CUSIP: 546417KH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $568501.20    | 1.19%             | 2031-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SEMINOLE CNTY FL SCH BRD COPS  | Seminole County School Board                                 | CUSIP: 816692MV6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    935000 | PA      | $947216.80    | 1.98%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET NASHVILLE TN ARPT AUTH ARP | Metropolitan Nashville Airport Authority/The                 | CUSIP: 592190QV7<br>LEI: 549300IC0HNF8TDXEE63 | Long             | DBT              | MUN               | US        |    500000 | PA      | $537468.40    | 1.12%             | 2040-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MET NASHVILLE TN ARPT AUTH ARP | Metropolitan Nashville Airport Authority/The                 | CUSIP: 592190QD7<br>LEI: 549300IC0HNF8TDXEE63 | Long             | DBT              | MUN               | US        |    250000 | PA      | $261812.88    | 0.55%             | 2047-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ORANGE CNTY FL SCH BRD COPS    | Orange County School Board                                   | CUSIP: 684517SS5<br>LEI: 549300SEFJ368NVQXL34 | Long             | DBT              | MUN               | US        |    680000 | PA      | $776898.23    | 1.62%             | 2034-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INDIANAPOLIS IN LOCAL PUBLIC I | Indianapolis Local Public Improvement Bond Bank              | CUSIP: 45528U5B3<br>LEI: 549300LX8ESJHDSESB87 | Long             | DBT              | MUN               | US        |    500000 | PA      | $542982.50    | 1.14%             | 2034-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST PORT AUTH     | Massachusetts Port Authority                                 | CUSIP: 575896SG1<br>LEI: 254900JRR8IDSSKWCL90 | Long             | DBT              | MUN               | US        |    500000 | PA      | $514354.10    | 1.08%             | 2031-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BUCKEYE OH TOBACCO SETTLEMENT  | Buckeye Tobacco Settlement Financing Authority               | CUSIP: 118217CX4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $419747.00    | 0.88%             | 2048-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ATLANTA GA WTR & WSTWTR REVENU | City of Atlanta GA Water & Wastewater Revenue                | CUSIP: 047870MZ0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $551110.34    | 1.15%             | 2031-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GRANT CNTY WA PUBLIC HOSP DIST | Grant County Public Hospital District No 1                   | CUSIP: 387812DV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    305000 | PA      | $316208.72    | 0.66%             | 2043-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA WTR & WSTWTR R | City of Philadelphia PA Water & Wastewater Revenue           | CUSIP: 717893C82<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $303851.61    | 0.64%             | 2042-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA ST WTR RESOURCE BRD R | Oklahoma Water Resources Board                               | CUSIP: 67919PVA8<br>LEI: 5493007CUNXW5UX11C71 | Long             | DBT              | MUN               | US        |    500000 | PA      | $534921.35    | 1.12%             | 2042-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET NASHVILLE TN ARPT AUTH ARP | Metropolitan Nashville Airport Authority/The                 | CUSIP: 592190QE5<br>LEI: 549300IC0HNF8TDXEE63 | Long             | DBT              | MUN               | US        |    250000 | PA      | $256101.03    | 0.54%             | 2052-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GEORGIA ST PORTS AUTH          | Georgia Ports Authority                                      | CUSIP: 373586GQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    980000 | PA      | $953927.79    | 1.99%             | 2042-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TOBACCO SETTLEMENT FING CORP N | Tobacco Settlement Financing Corp                            | CUSIP: 888808HK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $258126.58    | 0.54%             | 2034-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FAYETTE CNTY KY SCH DIST FIN C | Fayette County School District Finance Corp                  | CUSIP: 312432Y35<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $519469.10    | 1.09%             | 2043-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL  | New York City Transitional Finance Authority                 | CUSIP: 64972JHU5<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |    260000 | PA      | $278615.06    | 0.58%             | 2042-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TOBACCO SETTLEMENT FING CORP N | Tobacco Settlement Financing Corp                            | CUSIP: 888808HH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $260710.63    | 0.54%             | 2032-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL  | New York City Transitional Finance Authority                 | CUSIP: 64972JTH1<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |    135000 | PA      | $146718.54    | 0.31%             | 2051-11-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY INDL DEV AGY  | New York City Industrial Development Agency                  | CUSIP: 64971PLF0<br>LEI: 549300XR20ZR5DHL9534 | Long             | DBT              | MUN               | US        |    100000 | PA      | $90694.70     | 0.19%             | 2037-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE CNTY FL SCH BRD COP | School Board of Miami-Dade County/The                        | CUSIP: 59333MU60<br>LEI: 549300J3U4QVT6U3O129 | Long             | DBT              | MUN               | US        |   1700000 | PA      | $1709283.36   | 3.57%             | 2034-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| N TX TOLLWAY AUTH REVENUE      | North Texas Tollway Authority                                | CUSIP: 66285WSG2<br>LEI: PQGZGRE0F2WPMYQQ1B78 | Long             | DBT              | MUN               | US        |    295000 | PA      | $296808.17    | 0.62%             | 2028-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TEXAS ST MUNI GAS ACQUISITION  | Texas Municipal Gas Acquisition and Supply Corp II           | CUSIP: 88255QBH1<br>LEI: 8E22IH4TQD26WYDGHB25 | Long             | DBT              | MUN               | US        |    920000 | PA      | $919789.96    | 1.92%             | 2027-09-15      | Variable      | 3.53%                 | No            |                  2 | On Loan: No      |
| COOK CNTY IL SCH DIST #78 ROSE | Cook County School District No 78 Rosemont                   | CUSIP: 214003CE3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1055613.50   | 2.21%             | 2038-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PORT AUTH OF NEW YORK & NEW JE | Port Authority of New York & New Jersey                      | CUSIP: 73358XRE4<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   1130000 | PA      | $1248903.12   | 2.61%             | 2031-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON SUBURBAN SAN DIST M | Washington Suburban Sanitary Commission                      | CUSIP: 940158JK5<br>LEI: 549300EZUWNTQF827C24 | Long             | DBT              | MUN               | US        |    500000 | PA      | $563529.60    | 1.18%             | 2039-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY INDL DEV AGY  | New York City Industrial Development Agency                  | CUSIP: 64971PLE3<br>LEI: 549300XR20ZR5DHL9534 | Long             | DBT              | MUN               | US        |    250000 | PA      | $231072.90    | 0.48%             | 2036-01-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST TURNPIKE COMMI | Pennsylvania Turnpike Commission                             | CUSIP: 709225HA7<br>LEI: 549300J8LLBYEYEXZJ24 | Long             | DBT              | MUN               | US        |   2325000 | PA      | $2527644.44   | 5.28%             | 2038-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY MUNI WTR FIN  | New York City Municipal Water Finance Authority              | CUSIP: 64972GK86<br>LEI: 549300Q2EHQ6RJPQKP05 | Long             | DBT              | MUN               | US        |    375000 | PA      | $392764.39    | 0.82%             | 2049-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MARION CNTY FL SCH BRD COPS    | Marion County School Board                                   | CUSIP: 56879EHK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    625000 | PA      | $658735.25    | 1.38%             | 2043-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TAMPA BAY FL WTR REGL WTR SPLY | Tampa Bay Water                                              | CUSIP: 875124HW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    430000 | PA      | $449536.92    | 0.94%             | 2049-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST BLDG AUTH REVENUE  | Michigan State Building Authority                            | CUSIP: 594615FU5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $502927.85    | 1.05%             | 2036-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST TRANSPRTN DEV CORP | New York Transportation Development Corp                     | CUSIP: 650116GN0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $274822.30    | 0.57%             | 2035-04-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST PUBLIC SVC A | South Carolina Public Service Authority                      | CUSIP: 8371514R7<br>LEI: EMBXY64GWKA9MZGFUD26 | Long             | DBT              | MUN               | US        |    680000 | PA      | $722380.66    | 1.51%             | 2041-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET NASHVILLE TN ARPT AUTH ARP | Metropolitan Nashville Airport Authority/The                 | CUSIP: 592190QW5<br>LEI: 549300IC0HNF8TDXEE63 | Long             | DBT              | MUN               | US        |    250000 | PA      | $266723.38    | 0.56%             | 2041-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL WTRWKS REVENUE      | City of Chicago IL Waterworks Revenue                        | CUSIP: 167736L21<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $364454.48    | 0.76%             | 2032-11-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| LOUISIANA PUB FACS AUTH REVENU | Louisiana Public Facilities Authority                        | CUSIP: 546399SX5<br>LEI: 549300RQIPT5S4P4M065 | Long             | DBT              | MUN               | US        |    500000 | PA      | $506530.05    | 1.06%             | 2054-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| COLORADO BRIDGE & TUNNEL ENTER | Colorado Bridge & Tunnel Enterprise                          | CUSIP: 19633TBA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $211490.40    | 0.44%             | 2054-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CONNECTICUT ST                 | State of Connecticut                                         | CUSIP: 20772KC23<br>LEI: 549300PHW5BZHA7BEX81 | Long             | DBT              | MUN               | US        |    255000 | PA      | $280763.39    | 0.59%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST                  | State of Washington                                          | CUSIP: 93974E2C9<br>LEI: 549300X3TODFMUKLQ364 | Long             | DBT              | MUN               | US        |    750000 | PA      | $841885.28    | 1.76%             | 2037-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TALLAHASSEE FL HLTH FACS REVEN | City of Tallahassee FL                                       | CUSIP: 874485DH5<br>LEI: 549300MPY4HDPK8B1G15 | Long             | DBT              | MUN               | US        |    500000 | PA      | $500454.35    | 1.05%             | 2036-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK CITY NY TRANSITIONAL  | New York City Transitional Finance Authority                 | CUSIP: 64972JSZ2<br>LEI: 5493003476LG35QAKM08 | Long             | DBT              | MUN               | US        |    250000 | PA      | $272607.13    | 0.57%             | 2041-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GEORGETOWN TX INDEP SCH DIST   | Georgetown Independent School District                       | CUSIP: 373046A35<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $483942.55    | 1.01%             | 2041-08-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| CENTRL FL EXPRESSWAY AUTH SR L | Central Florida Expressway Authority                         | CUSIP: 153476BK1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    230000 | PA      | $231797.08    | 0.48%             | 2030-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PHILADELPHIA PA                | City of Philadelphia PA                                      | CUSIP: 717813C72<br>LEI: 549300IVFOPB4AG7UL47 | Long             | DBT              | MUN               | US        |   1805000 | PA      | $2053873.40   | 4.29%             | 2032-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC AUTH FOR COLORADO ST EN | Public Authority for Colorado Energy                         | CUSIP: 744387AC5<br>LEI: 549300C6IJKXQOMRAB11 | Long             | DBT              | MUN               | US        |   1880000 | PA      | $1967182.18   | 4.11%             | 2028-11-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS MN SPL SCH DIST #1 | Minneapolis Special School District No 1                     | CUSIP: 603790WK8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1085000 | PA      | $1174904.62   | 2.46%             | 2039-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST  | New Jersey Transportation Trust Fund Authority               | CUSIP: 64613CEM6<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |    500000 | PA      | $568443.45    | 1.19%             | 2035-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-24

**Name of Applicant:** Virtus Opportunities Trust

**Signature:** Amy Hackett

**Name of Signer:** Amy Hackett

**Title:** Vice President and Assistant Treasurer