# EDGAR Filing Document

**Accession Number:** 0001018593
**File Stem:** 0000940400-25-011196
**Filing Date:** 2025-11
**Character Count:** 33806
**Document Hash:** d500e5c90b999131c9d2b4de3130b8f6
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-25-011196.hdr.sgml**: 20251126

**ACCESSION NUMBER**: 0000940400-25-011196

**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**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VIRTUS ASSET TRUST
- **CENTRAL INDEX KEY:** 0001018593

**ORGANIZATION NAME:**
- **EIN:** 956981193
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07705
- **FILM NUMBER:** 251531619

**BUSINESS ADDRESS:**
- **STREET 1:** 101 MUNSON STREET
- **CITY:** GREENFIELD
- **STATE:** MA
- **ZIP:** 01301
- **BUSINESS PHONE:** (800) 243-4361

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PHOENIX ASSET TRUST
- **DATE OF NAME CHANGE:** 20060523

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PHOENIX-KAYNE FUNDS
- **DATE OF NAME CHANGE:** 20021223

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** KAYNE ANDERSON RUDNICK MUTUAL FUNDS
- **DATE OF NAME CHANGE:** 20010226

## Series and Classes Contracts Data

### Virtus Ceredex Mid-Cap Value Equity Fund (Series ID: S000057033)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000181196 | Class A      | SAMVX           |
| C000181197 | Class C      | SMVFX           |
| C000181198 | Class I      | SMVTX           |
| C000181199 | Class R6     | SMVZX           |

## Nport-Ex

**VIRTUS Ceredex Mid-Cap Value Equity Fund**

**SCHEDULE OF INVESTMENTS (Unaudited)**

**September 30, 2025**

($ reported in thousands)

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

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Common Stocks—97.6%** | **Common Stocks—97.6%** | **Common Stocks—97.6%** |
| **Consumer Discretionary—8.2%** | **Consumer Discretionary—8.2%** |  |
| Best Buy Co., Inc. | 145100 | &nbsp;&nbsp; $10972 |
| Dick's Sporting Goods, Inc. | 95000 | &nbsp;&nbsp; 21111 |
| Las Vegas Sands Corp. | 370000 | &nbsp;&nbsp; 19902 |
| Macy's, Inc. | 612200 | &nbsp;&nbsp; 10977 |
| Ross Stores, Inc. | 105000 | &nbsp;&nbsp; 16001 |
| &nbsp;&nbsp;&nbsp; Somnigroup International, <br> Inc.<br>| 135000 | &nbsp;&nbsp; 11385 |
|  |  | &nbsp;&nbsp; 90348 |
| **Consumer Staples—3.4%** | **Consumer Staples—3.4%** |  |
| Dollar General Corp. | 175000 | &nbsp;&nbsp; 18086 |
| Hershey Co. (The) | 105000 | &nbsp;&nbsp; 19640 |
|  |  | &nbsp;&nbsp; 37726 |
| **Energy—7.5%** | **Energy—7.5%** |  |
| Diamondback Energy, Inc. | 150000 | &nbsp;&nbsp; 21465 |
| Expand Energy Corp. | 205000 | &nbsp;&nbsp; 21779 |
| &nbsp;&nbsp;&nbsp; Solaris Energy <br> Infrastructure, Inc. <br> Class A<br>| 425000 | &nbsp;&nbsp; 16987 |
| Williams Cos., Inc. (The) | 350000 | &nbsp;&nbsp; 22173 |
|  |  | &nbsp;&nbsp; 82404 |
| **Financials—16.3%** | **Financials—16.3%** |  |
| &nbsp;&nbsp;&nbsp; Citizens Financial Group, <br> Inc.<br>| 415000 | &nbsp;&nbsp; 22061 |
| CME Group, Inc. Class A | 50000 | &nbsp;&nbsp; 13510 |
| Evercore, Inc. Class A | 40000 | &nbsp;&nbsp; 13493 |
| Gallagher (Arthur J.) & Co. | 65000 | &nbsp;&nbsp; 20133 |
| &nbsp;&nbsp;&nbsp; Hartford Insurance Group, <br> Inc. (The)<br>| 125000 | &nbsp;&nbsp; 16674 |
| KeyCorp | 1115000 | &nbsp;&nbsp; 20839 |
| LPL Financial Holdings, Inc. | 60000 | &nbsp;&nbsp; 19961 |
| Moody's Corp. | 31000 | &nbsp;&nbsp; 14771 |
| SouthState Bank Corp. | 210000 | &nbsp;&nbsp; 20763 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Financials—continued** | **Financials—continued** |  |
| Stifel Financial Corp. | 145000 | &nbsp;&nbsp; $16453 |
|  |  | &nbsp;&nbsp; 178658 |
| **Health Care—1.9%** | **Health Care—1.9%** |  |
| Agilent Technologies, Inc. | 165000 | &nbsp;&nbsp; 21178 |
| **Industrials—22.5%** | **Industrials—22.5%** |  |
| AAON, Inc. | 160000 | &nbsp;&nbsp; 14950 |
| Delta Air Lines, Inc. | 325000 | &nbsp;&nbsp; 18444 |
| Dover Corp. | 115000 | &nbsp;&nbsp; 19185 |
| EMCOR Group, Inc. | 34000 | &nbsp;&nbsp; 22084 |
| Equifax, Inc. | 71000 | &nbsp;&nbsp; 18214 |
| Flowserve Corp. | 330000 | &nbsp;&nbsp; 17536 |
| Hexcel Corp. | 330000 | &nbsp;&nbsp; 20691 |
| Hubbell, Inc. Class B | 40000 | &nbsp;&nbsp; 17212 |
| Ingersoll Rand, Inc. | 225000 | &nbsp;&nbsp; 18590 |
| Owens Corning | 115000 | &nbsp;&nbsp; 16268 |
| Quanta Services, Inc. | 55000 | &nbsp;&nbsp; 22793 |
| Rockwell Automation, Inc. | 55000 | &nbsp;&nbsp; 19224 |
| Vertiv Holdings Co. Class A | 145000 | &nbsp;&nbsp; 21875 |
|  |  | &nbsp;&nbsp; 247066 |
| **Information Technology—19.2%** | **Information Technology—19.2%** |  |
| Corning, Inc. | 240000 | &nbsp;&nbsp; 19687 |
| &nbsp;&nbsp;&nbsp; Hewlett Packard Enterprise <br> Co.<br>| 850000 | &nbsp;&nbsp; 20876 |
| Jabil, Inc. | 85000 | &nbsp;&nbsp; 18459 |
| MKS, Inc. | 95000 | &nbsp;&nbsp; 11758 |
| Motorola Solutions, Inc. | 40000 | &nbsp;&nbsp; 18292 |
| Roper Technologies, Inc. | 40000 | &nbsp;&nbsp; 19948 |
| TD SYNNEX Corp. | 130000 | &nbsp;&nbsp; 21287 |
| TE Connectivity plc | 90000 | &nbsp;&nbsp; 19758 |
| Teradyne, Inc. | 155000 | &nbsp;&nbsp; 21334 |
| Vontier Corp. | 410000 | &nbsp;&nbsp; 17208 |
| Western Digital Corp. | 180000 | &nbsp;&nbsp; 21611 |
|  |  | &nbsp;&nbsp; 210218 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Materials—3.1%** | **Materials—3.1%** |  |
| PPG Industries, Inc. | 160000 | &nbsp;&nbsp; $16818 |
| Vulcan Materials Co. | 55000 | &nbsp;&nbsp; 16919 |
|  |  | &nbsp;&nbsp; 33737 |
| **Real Estate—8.7%** | **Real Estate—8.7%** |  |
| &nbsp;&nbsp;&nbsp; American Homes 4 Rent <br> Class A<br>| 470000 | &nbsp;&nbsp; 15627 |
| EastGroup Properties, Inc. | 115000 | &nbsp;&nbsp; 19465 |
| Equinix, Inc. | 25000 | &nbsp;&nbsp; 19581 |
| &nbsp;&nbsp;&nbsp; Mid-America Apartment <br> Communities, Inc.<br>| 135000 | &nbsp;&nbsp; 18864 |
| Ventas, Inc. | 310000 | &nbsp;&nbsp; 21697 |
|  |  | &nbsp;&nbsp; 95234 |
| **Utilities—6.8%** | **Utilities—6.8%** |  |
| CenterPoint Energy, Inc. | 465000 | &nbsp;&nbsp; 18042 |
| Entergy Corp. | 200000 | &nbsp;&nbsp; 18638 |
| PPL Corp. | 500000 | &nbsp;&nbsp; 18580 |
| Vistra Corp. | 100000 | &nbsp;&nbsp; 19592 |
|  |  | &nbsp;&nbsp; 74852 |
| **Total Common Stocks** <br>**(Identified Cost $927,685)** | **Total Common Stocks** <br>**(Identified Cost $927,685)** | &nbsp;&nbsp; **1071421** |
| **Total Long-Term** <br> **Investments—97.6%** <br>**(Identified Cost $927,685)** | **Total Long-Term** <br> **Investments—97.6%** <br>**(Identified Cost $927,685)** | &nbsp;&nbsp; **1071421** |
| **TOTAL INVESTMENTS—97.6%** <br>**(Identified Cost $927,685)** | **TOTAL INVESTMENTS—97.6%** <br>**(Identified Cost $927,685)** | &nbsp;&nbsp; **$1071421** |
| Other assets and liabilities, net—2.4% | Other assets and liabilities, net—2.4% | &nbsp;&nbsp; 26155 |
| **NET ASSETS—100.0%** | **NET ASSETS—100.0%** | &nbsp;&nbsp; **$1097576** |

---

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

---

| | |
|:---|:---|
| **Abbreviation:** | **Abbreviation:** |
| plc | Public Limited Company |

---

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; $1071421 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $1071421 |
| Total Investments | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $1071421 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $1071421 |

---

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 Ceredex Mid-Cap Value Equity 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 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.

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 Asset Trust

- **b. Investment Company Act file number:** 811-07705

- **c. CIK number of Registrant:** 0001018593

- **d. LEI of Registrant:** 5493001887IYOL1CRU72

- **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:** 800-263-4790

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

- **a. Name of Series:** Virtus Ceredex Mid-Cap Value Equity Fund

- **b. EDGAR series identifier (if any):** S000057033

- **c. LEI of Series:** 54930071WX6W52LFTU13

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

- **a. Date of fiscal year-end:** 2025-12-31

- **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:** $1104574546.62

**Total Liabilities:** $1086854.50

**Net Assets:** $1103487692.12

**Cash Not Reported:** $32314464.16

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000181199 | 4.57%                | 2.38%                | 2.17%                |
| Class ID C000181198 | 4.52%                | 2.40%                | 2.11%                |
| Class ID C000181197 | 4.51%                | 2.33%                | 2.03%                |
| Class ID C000181196 | 4.47%                | 2.39%                | 2.09%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $81827669.26             | $-11109350.28                              |
| Month 2  | $13881071.18             | $10429234.17                               |
| Month 3  | $23537473.50             | $-1485892.27                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Motorola Solutions Inc         | Motorola Solutions Inc                | CUSIP: 620076307<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | EC               | CORP              | US        |     40000 | NS      | $18291600.00  | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| TE Connectivity PLC            | TE Connectivity PLC                   | CUSIP: 000000000<br>LEI: 6367003TB6K484NFHE54 | Long             | EC               | CORP              | IE        |     90000 | NS      | $19757700.00  | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Flowserve Corp                 | Flowserve Corp                        | CUSIP: 34354P105<br>LEI: 6Y0GK87T6V7NJKZJVM41 | Long             | EC               | CORP              | US        |    330000 | NS      | $17536200.00  | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Teradyne Inc                   | Teradyne Inc                          | CUSIP: 880770102<br>LEI: C3X4YJ278QNZHRJULN75 | Long             | EC               | CORP              | US        |    155000 | NS      | $21334200.00  | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Macy's Inc                     | Macy's Inc                            | CUSIP: 55616P104<br>LEI: 529900NZQ81TIOW3CW52 | Long             | EC               | CORP              | US        |    612200 | NS      | $10976746.00  | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| AAON Inc                       | AAON Inc                              | CUSIP: 000360206<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    160000 | NS      | $14950400.00  | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Stifel Financial Corp          | Stifel Financial Corp                 | CUSIP: 860630102<br>LEI: 549300E5F07FE5GHJX84 | Long             | EC               | CORP              | US        |    145000 | NS      | $16453150.00  | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Las Vegas Sands Corp           | Las Vegas Sands Corp                  | CUSIP: 517834107<br>LEI: 549300DUOO1KXOHPM605 | Long             | EC               | CORP              | US        |    370000 | NS      | $19902300.00  | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Vontier Corp                   | Vontier Corp                          | CUSIP: 928881101<br>LEI: 549300VVSQLG4P5K4639 | Long             | EC               | CORP              | US        |    410000 | NS      | $17207700.00  | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Hewlett Packard Enterprise Co  | Hewlett Packard Enterprise Co         | CUSIP: 42824C109<br>LEI: 549300BX44RGX6ANDV88 | Long             | EC               | CORP              | US        |    850000 | NS      | $20876000.00  | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| KeyCorp                        | KeyCorp                               | CUSIP: 493267108<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | EC               | CORP              | US        |   1115000 | NS      | $20839350.00  | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Citizens Financial Group Inc   | Citizens Financial Group Inc          | CUSIP: 174610105<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | EC               | CORP              | US        |    415000 | NS      | $22061400.00  | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| EastGroup Properties Inc       | EastGroup Properties Inc              | CUSIP: 277276101<br>LEI: 31TIGQQZC4P6JMHKSW85 | Long             | EC               | CORP              | US        |    115000 | NS      | $19464900.00  | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Williams Cos Inc/The           | Williams Cos Inc/The                  | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |    350000 | NS      | $22172500.00  | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Roper Technologies Inc         | Roper Technologies Inc                | CUSIP: 776696106<br>LEI: 54930003T4SXCIWVXY35 | Long             | EC               | CORP              | US        |     40000 | NS      | $19947600.00  | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| PPL Corp                       | PPL Corp                              | CUSIP: 69351T106<br>LEI: 9N3UAJSNOUXFKQLF3V18 | Long             | EC               | CORP              | US        |    500000 | NS      | $18580000.00  | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Jabil Inc                      | Jabil Inc                             | CUSIP: 466313103<br>LEI: 5493000CGCQY2OQU7669 | Long             | EC               | CORP              | US        |     85000 | NS      | $18459450.00  | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| American Homes 4 Rent          | American Homes 4 Rent                 | CUSIP: 02665T306<br>LEI: 549300ZJUO7A58PNUW40 | Long             | EC               | CORP              | US        |    470000 | NS      | $15627500.00  | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Mid-America Apartment Communit | Mid-America Apartment Communities Inc | CUSIP: 59522J103<br>LEI: 549300FQZKFR5YNSHZ21 | Long             | EC               | CORP              | US        |    135000 | NS      | $18863550.00  | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Delta Air Lines Inc            | Delta Air Lines Inc                   | CUSIP: 247361702<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | EC               | CORP              | US        |    325000 | NS      | $18443750.00  | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Equifax Inc                    | Equifax Inc                           | CUSIP: 294429105<br>LEI: 5493004MCF8JDC86VS77 | Long             | EC               | CORP              | US        |     71000 | NS      | $18213630.00  | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Agilent Technologies Inc       | Agilent Technologies Inc              | CUSIP: 00846U101<br>LEI: QUIX8Y7A2WP0XRMW7G29 | Long             | EC               | CORP              | US        |    165000 | NS      | $21177750.00  | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| SOUTHSTATE BANK CORP           | SOUTHSTATE BANK CORP                  | CUSIP: 84472E102<br>LEI: 549300JZUANXM0YQ4W53 | Long             | EC               | CORP              | US        |    210000 | NS      | $20762700.00  | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| EMCOR Group Inc                | EMCOR Group Inc                       | CUSIP: 29084Q100<br>LEI: 529900X0SQJB2J7YDU43 | Long             | EC               | CORP              | US        |     34000 | NS      | $22084360.00  | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Hershey Co/The                 | Hershey Co/The                        | CUSIP: 427866108<br>LEI: 21X2CX66SU2BR6QTAD08 | Long             | EC               | CORP              | US        |    105000 | NS      | $19640250.00  | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Digital Corp           | Western Digital Corp                  | CUSIP: 958102105<br>LEI: 549300QQXOOYEF89IC56 | Long             | EC               | CORP              | US        |    180000 | NS      | $21610800.00  | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinix Inc                    | Equinix Inc                           | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               | CORP              | US        |     25000 | NS      | $19581000.00  | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| LPL Financial Holdings Inc     | LPL Financial Holdings Inc            | CUSIP: 50212V100<br>LEI: 549300XROQ4Y8G2L7682 | Long             | EC               | CORP              | US        |     60000 | NS      | $19961400.00  | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| PPG Industries Inc             | PPG Industries Inc                    | CUSIP: 693506107<br>LEI: 549300BKPEP01R3V6C59 | Long             | EC               | CORP              | US        |    160000 | NS      | $16817600.00  | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Dollar General Corp            | Dollar General Corp                   | CUSIP: 256677105<br>LEI: OPX52SQVOZI8IVSWYU66 | Long             | EC               | CORP              | US        |    175000 | NS      | $18086250.00  | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Hartford Insurance Group Inc/T | Hartford Insurance Group Inc/The      | CUSIP: 416515104<br>LEI: IU7C3FTM7Y3BQM112U94 | Long             | EC               | CORP              | US        |    125000 | NS      | $16673750.00  | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Solaris Energy Infrastructure  | Solaris Energy Infrastructure Inc     | CUSIP: 83418M103<br>LEI: 529900MTK3C8Y8TIIC10 | Long             | EC               | CORP              | US        |    425000 | NS      | $16987250.00  | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Somnigroup International Inc   | Somnigroup International Inc          | CUSIP: 88023U101<br>LEI: 549300HFEKVR3US71V91 | Long             | EC               | CORP              | US        |    135000 | NS      | $11384550.00  | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Diamondback Energy Inc         | Diamondback Energy Inc                | CUSIP: 25278X109<br>LEI: 549300R22LSX6OHWEN64 | Long             | EC               | CORP              | US        |    150000 | NS      | $21465000.00  | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Corning Inc                    | Corning Inc                           | CUSIP: 219350105<br>LEI: 549300X2937PB0CJ7I56 | Long             | EC               | CORP              | US        |    240000 | NS      | $19687200.00  | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Quanta Services Inc            | Quanta Services Inc                   | CUSIP: 74762E102<br>LEI: SHVRXXEACT60MMH07S24 | Long             | EC               | CORP              | US        |     55000 | NS      | $22793100.00  | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Arthur J Gallagher & Co        | Arthur J Gallagher & Co               | CUSIP: 363576109<br>LEI: 54930049QLLMPART6V29 | Long             | EC               | CORP              | US        |     65000 | NS      | $20133100.00  | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Ingersoll Rand Inc             | Ingersoll Rand Inc                    | CUSIP: 45687V106<br>LEI: 5299004C02FMZCUOIR50 | Long             | EC               | CORP              | US        |    225000 | NS      | $18589500.00  | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Owens Corning                  | Owens Corning                         | CUSIP: 690742101<br>LEI: JO5M6676RDJIZ2U8X907 | Long             | EC               | CORP              | US        |    115000 | NS      | $16267900.00  | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| CME Group Inc                  | CME Group Inc                         | CUSIP: 12572Q105<br>LEI: LCZ7XYGSLJUHFXXNXD88 | Long             | EC               | CORP              | US        |     50000 | NS      | $13509500.00  | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Dover Corp                     | Dover Corp                            | CUSIP: 260003108<br>LEI: 549300FMC2ALGA7N9E80 | Long             | EC               | CORP              | US        |    115000 | NS      | $19185450.00  | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertiv Holdings Co             | Vertiv Holdings Co                    | CUSIP: 92537N108<br>LEI: 549300KTTIRAOGXCRV69 | Long             | EC               | CORP              | US        |    145000 | NS      | $21874700.00  | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Hexcel Corp                    | Hexcel Corp                           | CUSIP: 428291108<br>LEI: S6Q7LW43WUBUHXY2QP69 | Long             | EC               | CORP              | US        |    330000 | NS      | $20691000.00  | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Vistra Corp                    | Vistra Corp                           | CUSIP: 92840M102<br>LEI: 549300KP43CPCUJOOG15 | Long             | EC               | CORP              | US        |    100000 | NS      | $19592000.00  | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Ross Stores Inc                | Ross Stores Inc                       | CUSIP: 778296103<br>LEI: 549300ENZFLPGRDFZQ60 | Long             | EC               | CORP              | US        |    105000 | NS      | $16000950.00  | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Moody's Corp                   | Moody's Corp                          | CUSIP: 615369105<br>LEI: 549300GCEDD8YCF5WU84 | Long             | EC               | CORP              | US        |     31000 | NS      | $14770880.00  | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Rockwell Automation Inc        | Rockwell Automation Inc               | CUSIP: 773903109<br>LEI: VH3R4HHBHH12O0EXZJ88 | Long             | EC               | CORP              | US        |     55000 | NS      | $19224150.00  | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| CenterPoint Energy Inc         | CenterPoint Energy Inc                | CUSIP: 15189T107<br>LEI: 21TPXMRRHFKOBHDC8J74 | Long             | EC               | CORP              | US        |    465000 | NS      | $18042000.00  | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| MKS Inc                        | MKS Inc                               | CUSIP: 55306N104<br>LEI: 549300KEQATBHAGVF505 | Long             | EC               | CORP              | US        |     95000 | NS      | $11758150.00  | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Evercore Inc                   | Evercore Inc                          | CUSIP: 29977A105<br>LEI: 529900P6KLPT95DW3W58 | Long             | EC               | CORP              | US        |     40000 | NS      | $13492800.00  | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Expand Energy Corp             | Expand Energy Corp                    | CUSIP: 165167735<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | EC               | CORP              | US        |    205000 | NS      | $21779200.00  | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Dick's Sporting Goods Inc      | Dick's Sporting Goods Inc             | CUSIP: 253393102<br>LEI: 529900SSBV5I4LWSK313 | Long             | EC               | CORP              | US        |     95000 | NS      | $21110900.00  | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Vulcan Materials Co            | Vulcan Materials Co                   | CUSIP: 929160109<br>LEI: 549300Q8LSNHAVWBNI21 | Long             | EC               | CORP              | US        |     55000 | NS      | $16919100.00  | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Hubbell Inc                    | Hubbell Inc                           | CUSIP: 443510607<br>LEI: 54930088VDQ6840Y6597 | Long             | EC               | CORP              | US        |     40000 | NS      | $17212400.00  | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Ventas Inc                     | Ventas Inc                            | CUSIP: 92276F100<br>LEI: ORQTRC074CWLT3DKHT41 | Long             | EC               | CORP              | US        |    310000 | NS      | $21696900.00  | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Best Buy Co Inc                | Best Buy Co Inc                       | CUSIP: 086516101<br>LEI: HL5XPTVRV0O8TUN5LL90 | Long             | EC               | CORP              | US        |    145100 | NS      | $10972462.00  | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Entergy Corp                   | Entergy Corp                          | CUSIP: 29364G103<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | EC               | CORP              | US        |    200000 | NS      | $18638000.00  | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| TD SYNNEX Corp                 | TD SYNNEX Corp                        | CUSIP: 87162W100<br>LEI: 5493004HI6PFLF46NS53 | Long             | EC               | CORP              | US        |    130000 | NS      | $21287500.00  | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

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

**Name of Applicant:** Virtus Asset Trust

**Signature:** Amy Hackett

**Name of Signer:** Amy Hackett

**Title:** Vice President and Assistant Treasurer