# EDGAR Filing Document

**Accession Number:** 0001018593
**File Stem:** 0000940400-25-011209
**Filing Date:** 2025-11
**Character Count:** 176063
**Document Hash:** 7e06eda014e0c34016ff9383c7a97cf2
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-25-011209.hdr.sgml**: 20251126

**ACCESSION NUMBER**: 0000940400-25-011209

**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:** 251531634

**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 Seix High Yield Fund (Series ID: S000057025)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000181168 | Class A      | HYPSX           |
| C000181169 | Class I      | SAMHX           |
| C000181170 | Class R6     | HYIZX           |

## Nport-Ex

**VIRTUS Seix High Yield Fund**

**SCHEDULE OF INVESTMENTS (Unaudited)**

**September 30, 2025**

($ reported in thousands)

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

---

| | | |
|:---|:---|:---|
|  | **Par Value** | **Value** |
| **Convertible Bonds and Notes—1.1%** | **Convertible Bonds and Notes—1.1%** | **Convertible Bonds and Notes—1.1%** |
| **Communication Services—1.1%** | **Communication Services—1.1%** |  |
| &nbsp;&nbsp;&nbsp; Cable One, Inc. <br>1.125%, 3/15/28<br>| $5315 | &nbsp;&nbsp; $4536 |
| **Total Convertible Bonds and Notes** <br>**(Identified Cost $4,484)** | **Total Convertible Bonds and Notes** <br>**(Identified Cost $4,484)** | &nbsp;&nbsp; **4536** |
| **Corporate Bonds and Notes—90.9%** | **Corporate Bonds and Notes—90.9%** | **Corporate Bonds and Notes—90.9%** |
| **Communication Services—9.1%** | **Communication Services—9.1%** |  |
| &nbsp;&nbsp;&nbsp; Altice France S.A. 144A <br>8.125%, 2/1/27<sup>(1)(2)</sup> <br>| 1780 | &nbsp;&nbsp; 1694 |
| &nbsp;&nbsp;&nbsp; ANGI Group LLC 144A <br>3.875%, 8/15/28<sup>(1)</sup> <br>| 2709 | &nbsp;&nbsp; 2546 |
| &nbsp;&nbsp;&nbsp; Cable One, Inc. 144A <br>4.000%, 11/15/30<sup>(1)(3)</sup> <br>| 5098 | &nbsp;&nbsp; 4319 |
| Charter Communications Operating LLC |  |  |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>6.650%, 2/1/34 | 1595 | &nbsp;&nbsp; 1704 |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>6.484%, 10/23/45 | 4232 | &nbsp;&nbsp; 4181 |
| &nbsp;&nbsp;&nbsp; Connect Finco S.a.r.l. 144A <br>9.000%, 9/15/29<sup>(1)</sup> <br>| 3995 | &nbsp;&nbsp; 4200 |
| &nbsp;&nbsp;&nbsp; CSC Holdings LLC 144A <br>11.250%, 5/15/28<sup>(1)</sup> <br>| 2635 | &nbsp;&nbsp; 2439 |
| DIRECTV Financing LLC |  |  |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 5.875%, 8/15/27<sup>(1)</sup> <br>| 1333 | &nbsp;&nbsp; 1332 |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 8.875%, 2/1/30<sup>(1)</sup> <br>| 1108 | &nbsp;&nbsp; 1094 |
| &nbsp;&nbsp;&nbsp; Light & Wonder International, Inc. 144A <br>6.250%, 10/1/33<sup>(1)</sup> <br>| 1245 | &nbsp;&nbsp; 1247 |
| &nbsp;&nbsp;&nbsp; Maya SAS 144A <br>8.500%, 4/15/31<sup>(1)</sup> <br>| 1925 | &nbsp;&nbsp; 2065 |
| &nbsp;&nbsp;&nbsp; Sirius XM Radio LLC 144A <br>4.000%, 7/15/28<sup>(1)</sup> <br>| 2145 | &nbsp;&nbsp; 2073 |
| &nbsp;&nbsp;&nbsp; Snap, Inc. 144A <br>6.875%, 3/1/33<sup>(1)</sup> <br>| 2111 | &nbsp;&nbsp; 2158 |
| &nbsp;&nbsp;&nbsp; Time Warner Cable LLC <br>5.875%, 11/15/40<br>| 1150 | &nbsp;&nbsp; 1099 |
| &nbsp;&nbsp;&nbsp; Virgin Media Secured Finance plc 144A <br>5.500%, 5/15/29<sup>(1)</sup> <br>| 1450 | &nbsp;&nbsp; 1434 |
| &nbsp;&nbsp;&nbsp; Warnermedia Holdings, Inc. <br>4.279%, 3/15/32<br>| 3550 | &nbsp;&nbsp; 3253 |
| &nbsp;&nbsp;&nbsp; ZipRecruiter, Inc. 144A <br>5.000%, 1/15/30<sup>(1)</sup> <br>| 2572 | &nbsp;&nbsp; 2070 |
|  |  | &nbsp;&nbsp; 38908 |
| **Consumer Discretionary—10.7%** | **Consumer Discretionary—10.7%** |  |
| Asbury Automotive Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>4.750%, 3/1/30 | 422 | &nbsp;&nbsp; 411 |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 5.000%, 2/15/32<sup>(1)</sup> <br>| 2663 | &nbsp;&nbsp; 2557 |
| &nbsp;&nbsp;&nbsp; Ashton Woods USA LLC 144A <br>6.875%, 8/1/33<sup>(1)</sup> <br>| 1020 | &nbsp;&nbsp; 1029 |
| &nbsp;&nbsp;&nbsp; Bath & Body Works, Inc. <br>6.750%, 7/1/36<br>| 2102 | &nbsp;&nbsp; 2163 |
| &nbsp;&nbsp;&nbsp; Caesars Entertainment, Inc. 144A <br>6.000%, 10/15/32<sup>(1)(3)</sup> <br>| 1045 | &nbsp;&nbsp; 1029 |
| &nbsp;&nbsp;&nbsp; Carvana Co. 144A <br>9.000%, 6/1/30<sup>(1)</sup> <br>| 1882 | &nbsp;&nbsp; 1969 |
| &nbsp;&nbsp;&nbsp; Champ Acquisition Corp. 144A <br>8.375%, 12/1/31<sup>(1)</sup> <br>| 1102 | &nbsp;&nbsp; 1172 |
| &nbsp;&nbsp;&nbsp; Churchill Downs, Inc. 144A <br>6.750%, 5/1/31<sup>(1)</sup> <br>| 391 | &nbsp;&nbsp; 401 |

---

---

| | | |
|:---|:---|:---|
|  | **Par Value** | **Value** |
| **Consumer Discretionary—continued** | **Consumer Discretionary—continued** |  |
| &nbsp;&nbsp;&nbsp; Dream Finders Homes, Inc. 144A <br>8.250%, 8/15/28<sup>(1)</sup> <br>| $2437 | &nbsp;&nbsp; $2528 |
| FirstCash, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 5.625%, 1/1/30<sup>(1)</sup> <br>| 2070 | &nbsp;&nbsp; 2067 |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 6.875%, 3/1/32<sup>(1)</sup> <br>| 4606 | &nbsp;&nbsp; 4761 |
| &nbsp;&nbsp;&nbsp; Group 1 Automotive, Inc. 144A <br>6.375%, 1/15/30<sup>(1)</sup> <br>| 1410 | &nbsp;&nbsp; 1442 |
| &nbsp;&nbsp;&nbsp; LGI Homes, Inc. 144A <br>8.750%, 12/15/28<sup>(1)</sup> <br>| 867 | &nbsp;&nbsp; 910 |
| &nbsp;&nbsp;&nbsp; Macy's Retail Holdings LLC <br>5.125%, 1/15/42<br>| 852 | &nbsp;&nbsp; 673 |
| &nbsp;&nbsp;&nbsp; Marriott Ownership Resorts, Inc. <br>4.750%, 1/15/28<br>| 2230 | &nbsp;&nbsp; 2194 |
| &nbsp;&nbsp;&nbsp; MGM Resorts International <br>6.500%, 4/15/32<br>| 1592 | &nbsp;&nbsp; 1622 |
| New Home Co., Inc. (The) |  |  |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 9.250%, 10/1/29<sup>(1)</sup> <br>| 3022 | &nbsp;&nbsp; 3173 |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 8.500%, 11/1/30<sup>(1)</sup> <br>| 1500 | &nbsp;&nbsp; 1557 |
| Station Casinos LLC |  |  |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 4.500%, 2/15/28<sup>(1)</sup> <br>| 1930 | &nbsp;&nbsp; 1897 |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 4.625%, 12/1/31<sup>(1)</sup> <br>| 1720 | &nbsp;&nbsp; 1622 |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 6.625%, 3/15/32<sup>(1)</sup> <br>| 615 | &nbsp;&nbsp; 632 |
| &nbsp;&nbsp;&nbsp; Travel + Leisure Co. 144A <br>6.625%, 7/31/26<sup>(1)</sup> <br>| 1886 | &nbsp;&nbsp; 1900 |
| &nbsp;&nbsp;&nbsp; Under Armour, Inc. 144A <br>7.250%, 7/15/30<sup>(1)</sup> <br>| 1055 | &nbsp;&nbsp; 1054 |
| &nbsp;&nbsp;&nbsp; Upbound Group, Inc. 144A <br>6.375%, 2/15/29<sup>(1)</sup> <br>| 4399 | &nbsp;&nbsp; 4341 |
| &nbsp;&nbsp;&nbsp; Whirlpool Corp. <br>6.125%, 6/15/30<br>| 1013 | &nbsp;&nbsp; 1021 |
| &nbsp;&nbsp;&nbsp; White Cap Buyer LLC 144A <br>6.875%, 10/15/28<sup>(1)</sup> <br>| 1000 | &nbsp;&nbsp; 997 |
| &nbsp;&nbsp;&nbsp; Winnebago Industries, Inc. 144A <br>6.250%, 7/15/28<sup>(1)</sup> <br>| 723 | &nbsp;&nbsp; 722 |
|  |  | &nbsp;&nbsp; 45844 |
| **Consumer Staples—1.0%** | **Consumer Staples—1.0%** |  |
| &nbsp;&nbsp;&nbsp; Simmons Foods, Inc. 144A <br>4.625%, 3/1/29<sup>(1)</sup> <br>| 1830 | &nbsp;&nbsp; 1754 |
| &nbsp;&nbsp;&nbsp; Turning Point Brands, Inc. 144A <br>7.625%, 3/15/32<sup>(1)</sup> <br>| 2280 | &nbsp;&nbsp; 2413 |
|  |  | &nbsp;&nbsp; 4167 |
| **Energy—8.6%** | **Energy—8.6%** |  |
| &nbsp;&nbsp;&nbsp; Ascent Resources Utica Holdings LLC 144A <br>9.000%, 11/1/27<sup>(1)</sup> <br>| 329 | &nbsp;&nbsp; 397 |
| &nbsp;&nbsp;&nbsp; California Resources Corp. 144A <br>8.250%, 6/15/29<sup>(1)</sup> <br>| 1908 | &nbsp;&nbsp; 1990 |
| &nbsp;&nbsp;&nbsp; Chord Energy Corp. 144A <br>6.000%, 10/1/30<sup>(1)</sup> <br>| 1090 | &nbsp;&nbsp; 1082 |
| &nbsp;&nbsp;&nbsp; CITGO Petroleum Corp. 144A <br>6.375%, 6/15/26<sup>(1)</sup> <br>| 255 | &nbsp;&nbsp; 255 |
| &nbsp;&nbsp;&nbsp; Coronado Finance Pty Ltd. 144A <br>9.250%, 10/1/29<sup>(1)(3)</sup> <br>| 3631 | &nbsp;&nbsp; 3196 |
| &nbsp;&nbsp;&nbsp; Magnolia Oil & Gas Operating LLC 144A <br>6.875%, 12/1/32<sup>(1)</sup> <br>| 3020 | &nbsp;&nbsp; 3099 |
| &nbsp;&nbsp;&nbsp; Matador Resources Co. 144A <br>6.875%, 4/15/28<sup>(1)</sup> <br>| 990 | &nbsp;&nbsp; 1010 |
| &nbsp;&nbsp;&nbsp; Noble Finance II LLC 144A <br>8.000%, 4/15/30<sup>(1)</sup> <br>| 2440 | &nbsp;&nbsp; 2526 |

---

See Notes to Schedule of Investments

------

**VIRTUS Seix High Yield Fund**

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

**September 30, 2025**

($ reported in thousands)

---

| | | |
|:---|:---|:---|
|  | **Par Value** | **Value** |
| **Energy—continued** | **Energy—continued** |  |
| &nbsp;&nbsp;&nbsp; Prairie Acquiror LP 144A <br>9.000%, 8/1/29<sup>(1)</sup> <br>| $2020 | &nbsp;&nbsp; $2103 |
| Rockies Express Pipeline LLC |  |  |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 4.950%, 7/15/29<sup>(1)</sup> <br>| 1092 | &nbsp;&nbsp; 1083 |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 7.500%, 7/15/38<sup>(1)</sup> <br>| 2537 | &nbsp;&nbsp; 2699 |
| &nbsp;&nbsp;&nbsp; SESI LLC 144A <br>7.875%, 9/30/30<sup>(1)</sup> <br>| 1067 | &nbsp;&nbsp; 1067 |
| &nbsp;&nbsp;&nbsp; Tallgrass Energy Partners LP 144A <br>7.375%, 2/15/29<sup>(1)</sup> <br>| 992 | &nbsp;&nbsp; 1022 |
| &nbsp;&nbsp;&nbsp; Tidewater, Inc. 144A <br>9.125%, 7/15/30<sup>(1)</sup> <br>| 2389 | &nbsp;&nbsp; 2562 |
| &nbsp;&nbsp;&nbsp; Transocean Aquila Ltd. 144A <br>8.000%, 9/30/28<sup>(1)</sup> <br>| 1554 | &nbsp;&nbsp; 1599 |
| &nbsp;&nbsp;&nbsp; Transocean International Ltd. 144A <br>8.750%, 2/15/30<sup>(1)</sup> <br>| 947 | &nbsp;&nbsp; 996 |
| &nbsp;&nbsp;&nbsp; Transocean Titan Financing Ltd. 144A <br>8.375%, 2/1/28<sup>(1)</sup> <br>| 1672 | &nbsp;&nbsp; 1713 |
| &nbsp;&nbsp;&nbsp; Valaris Ltd. 144A <br>8.375%, 4/30/30<sup>(1)</sup> <br>| 2434 | &nbsp;&nbsp; 2526 |
| Venture Global LNG, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 9.000%<sup>(1)(4)</sup> <br>| 1357 | &nbsp;&nbsp; 1345 |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 9.500%, 2/1/29<sup>(1)</sup> <br>| 3775 | &nbsp;&nbsp; 4160 |
| &nbsp;&nbsp;&nbsp; Welltec International ApS 144A <br>8.250%, 10/15/26<sup>(1)(3)</sup> <br>| 171 | &nbsp;&nbsp; 172 |
|  |  | &nbsp;&nbsp; 36602 |
| **Financials—31.6%** | **Financials—31.6%** |  |
| &nbsp;&nbsp;&nbsp; Alliant Holdings Intermediate LLC 144A <br>6.750%, 10/15/27<sup>(1)</sup> <br>| 1000 | &nbsp;&nbsp; 1002 |
| &nbsp;&nbsp;&nbsp; American Axle & Manufacturing, Inc. <br>6.875%, 7/1/28<sup>(3)</sup> <br>| 1000 | &nbsp;&nbsp; 1000 |
| &nbsp;&nbsp;&nbsp; Apollo Commercial Real Estate Finance, Inc. 144A <br>4.625%, 6/15/29<sup>(1)</sup> <br>| 1170 | &nbsp;&nbsp; 1124 |
| &nbsp;&nbsp;&nbsp; Ardonagh Finco Ltd. 144A <br>7.750%, 2/15/31<sup>(1)</sup> <br>| 3842 | &nbsp;&nbsp; 4020 |
| &nbsp;&nbsp;&nbsp; Ardonagh Group Finance Ltd. 144A <br>8.875%, 2/15/32<sup>(1)</sup> <br>| 945 | &nbsp;&nbsp; 993 |
| &nbsp;&nbsp;&nbsp; Aretec Group, Inc. 144A <br>10.000%, 8/15/30<sup>(1)</sup> <br>| 1765 | &nbsp;&nbsp; 1923 |
| Arsenal AIC Parent LLC |  |  |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 8.000%, 10/1/30<sup>(1)</sup> <br>| 932 | &nbsp;&nbsp; 987 |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 11.500%, 10/1/31<sup>(1)</sup> <br>| 1905 | &nbsp;&nbsp; 2116 |
| &nbsp;&nbsp;&nbsp; Ascent Resources Utica Holdings LLC 144A <br>6.625%, 10/15/32<sup>(1)</sup> <br>| 1475 | &nbsp;&nbsp; 1505 |
| &nbsp;&nbsp;&nbsp; Baldwin Insurance Group Holdings LLC 144A <br>7.125%, 5/15/31<sup>(1)</sup> <br>| 2028 | &nbsp;&nbsp; 2105 |
| &nbsp;&nbsp;&nbsp; Blackstone Mortgage Trust, Inc. 144A <br>7.750%, 12/1/29<sup>(1)</sup> <br>| 1017 | &nbsp;&nbsp; 1073 |
| Block, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 5.625%, 8/15/30<sup>(1)</sup> <br>| 201 | &nbsp;&nbsp; 204 |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 6.000%, 8/15/33<sup>(1)</sup> <br>| 201 | &nbsp;&nbsp; 206 |
| &nbsp;&nbsp;&nbsp; Borr IHC Ltd. 144A <br>10.375%, 11/15/30<sup>(1)</sup> <br>| 658 | &nbsp;&nbsp; 659 |
| Bread Financial Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 9.750%, 3/15/29<sup>(1)</sup> <br>| 2978 | &nbsp;&nbsp; 3179 |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 8.375%, 6/15/35<sup>(1)</sup> <br>| 1100 | &nbsp;&nbsp; 1130 |
| &nbsp;&nbsp;&nbsp; Burford Capital Global Finance LLC 144A <br>7.500%, 7/15/33<sup>(1)</sup> <br>| 1090 | &nbsp;&nbsp; 1109 |
| &nbsp;&nbsp;&nbsp; CCO Holdings LLC 144A <br>7.375%, 3/1/31<sup>(1)</sup> <br>| 3941 | &nbsp;&nbsp; 4066 |

---

---

| | | |
|:---|:---|:---|
|  | **Par Value** | **Value** |
| **Financials—continued** | **Financials—continued** |  |
| Consolidated Energy Finance S.A. |  |  |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 6.500%, 5/15/26<sup>(1)</sup> <br>| $405 | &nbsp;&nbsp; $394 |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 12.000%, 2/15/31<sup>(1)(3)</sup> <br>| 880 | &nbsp;&nbsp; 805 |
| &nbsp;&nbsp;&nbsp; Encore Capital Group, Inc. 144A <br>9.250%, 4/1/29<sup>(1)</sup> <br>| 2940 | &nbsp;&nbsp; 3102 |
| Enova International, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 11.250%, 12/15/28<sup>(1)</sup> <br>| 2113 | &nbsp;&nbsp; 2247 |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 9.125%, 8/1/29<sup>(1)</sup> <br>| 2024 | &nbsp;&nbsp; 2126 |
| Freedom Mortgage Corp. |  |  |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 12.000%, 10/1/28<sup>(1)</sup> <br>| 1411 | &nbsp;&nbsp; 1496 |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 12.250%, 10/1/30<sup>(1)</sup> <br>| 957 | &nbsp;&nbsp; 1068 |
| Freedom Mortgage Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 9.250%, 2/1/29<sup>(1)</sup> <br>| 1389 | &nbsp;&nbsp; 1461 |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 8.375%, 4/1/32<sup>(1)</sup> <br>| 1100 | &nbsp;&nbsp; 1153 |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 7.875%, 4/1/33<sup>(1)</sup> <br>| 369 | &nbsp;&nbsp; 380 |
| &nbsp;&nbsp;&nbsp; GGAM Finance Ltd. 144A <br>8.000%, 2/15/27<sup>(1)</sup> <br>| 1856 | &nbsp;&nbsp; 1900 |
| goeasy Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 9.250%, 12/1/28<sup>(1)</sup> <br>| 2023 | &nbsp;&nbsp; 2112 |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 7.625%, 7/1/29<sup>(1)</sup> <br>| 2722 | &nbsp;&nbsp; 2758 |
| &nbsp;&nbsp;&nbsp; Gulfport Energy Operating Corp. 144A <br>6.750%, 9/1/29<sup>(1)</sup> <br>| 755 | &nbsp;&nbsp; 775 |
| &nbsp;&nbsp;&nbsp; Hightower Holding LLC 144A <br>6.750%, 4/15/29<sup>(1)</sup> <br>| 1590 | &nbsp;&nbsp; 1569 |
| &nbsp;&nbsp;&nbsp; Hilcorp Energy I LP 144A <br>8.375%, 11/1/33<sup>(1)</sup> <br>| 4051 | &nbsp;&nbsp; 4255 |
| &nbsp;&nbsp;&nbsp; Howden UK Refinance plc 144A <br>8.125%, 2/15/32<sup>(1)</sup> <br>| 4210 | &nbsp;&nbsp; 4368 |
| &nbsp;&nbsp;&nbsp; INEOS Finance plc 144A <br>6.750%, 5/15/28<sup>(1)</sup> <br>| 4005 | &nbsp;&nbsp; 3928 |
| &nbsp;&nbsp;&nbsp; ION Platform Finance U.S., Inc. 144A <br>7.875%, 9/30/32<sup>(1)</sup> <br>| 470 | &nbsp;&nbsp; 467 |
| Jefferies Finance LLC |  |  |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 5.000%, 8/15/28<sup>(1)</sup> <br>| 1595 | &nbsp;&nbsp; 1541 |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 6.625%, 10/15/31<sup>(1)</sup> <br>| 1055 | &nbsp;&nbsp; 1062 |
| Jefferson Capital Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 9.500%, 2/15/29<sup>(1)</sup> <br>| 1963 | &nbsp;&nbsp; 2067 |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 8.250%, 5/15/30<sup>(1)</sup> <br>| 1951 | &nbsp;&nbsp; 2040 |
| &nbsp;&nbsp;&nbsp; Level 3 Financing, Inc. 144A <br>7.000%, 3/31/34<sup>(1)</sup> <br>| 1032 | &nbsp;&nbsp; 1050 |
| &nbsp;&nbsp;&nbsp; Macquarie Airfinance Holdings Ltd. 144A <br>8.125%, 3/30/29<sup>(1)</sup> <br>| 1010 | &nbsp;&nbsp; 1051 |
| Nationstar Mortgage Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 6.500%, 8/1/29<sup>(1)</sup> <br>| 882 | &nbsp;&nbsp; 905 |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 5.750%, 11/15/31<sup>(1)</sup> <br>| 1677 | &nbsp;&nbsp; 1695 |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 7.125%, 2/1/32<sup>(1)</sup> <br>| 511 | &nbsp;&nbsp; 533 |
| OneMain Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>7.875%, 3/15/30 | 1972 | &nbsp;&nbsp; 2087 |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>6.750%, 3/15/32 | 935 | &nbsp;&nbsp; 952 |
| &nbsp;&nbsp;&nbsp; Opal Bidco SAS 144A <br>6.500%, 3/31/32<sup>(1)</sup> <br>| 1020 | &nbsp;&nbsp; 1045 |
| &nbsp;&nbsp;&nbsp; Organon & Co. 144A <br>4.125%, 4/30/28<sup>(1)</sup> <br>| 2080 | &nbsp;&nbsp; 2010 |
| Osaic Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 6.750%, 8/1/32<sup>(1)</sup> <br>| 997 | &nbsp;&nbsp; 1030 |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 8.000%, 8/1/33<sup>(1)</sup> <br>| 159 | &nbsp;&nbsp; 165 |
| &nbsp;&nbsp;&nbsp; Panther Escrow Issuer LLC 144A <br>7.125%, 6/1/31<sup>(1)</sup> <br>| 145 | &nbsp;&nbsp; 151 |
| PennyMac Financial Services, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 7.875%, 12/15/29<sup>(1)</sup> <br>| 1175 | &nbsp;&nbsp; 1247 |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 6.875%, 2/15/33<sup>(1)</sup> <br>| 2081 | &nbsp;&nbsp; 2150 |

---

See Notes to Schedule of Investments

------

**VIRTUS Seix High Yield Fund**

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

**September 30, 2025**

($ reported in thousands)

---

| | | |
|:---|:---|:---|
|  | **Par Value** | **Value** |
| **Financials—continued** | **Financials—continued** |  |
| &nbsp;&nbsp;&nbsp; Phoenix Aviation Capital Ltd. 144A <br>9.250%, 7/15/30<sup>(1)</sup> <br>| $984 | &nbsp;&nbsp; $1047 |
| PRA Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 5.000%, 10/1/29<sup>(1)</sup> <br>| 2228 | &nbsp;&nbsp; 2069 |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 8.875%, 1/31/30<sup>(1)</sup> <br>| 1981 | &nbsp;&nbsp; 2044 |
| &nbsp;&nbsp;&nbsp; Provident Funding Associates LP 144A <br>9.750%, 9/15/29<sup>(1)</sup> <br>| 1952 | &nbsp;&nbsp; 2063 |
| Rocket Cos., Inc. |  |  |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 6.125%, 8/1/30<sup>(1)</sup> <br>| 2085 | &nbsp;&nbsp; 2140 |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 6.375%, 8/1/33<sup>(1)</sup> <br>| 2085 | &nbsp;&nbsp; 2152 |
| &nbsp;&nbsp;&nbsp; Rocket Mortgage LLC 144A <br>4.000%, 10/15/33<sup>(1)</sup> <br>| 2434 | &nbsp;&nbsp; 2223 |
| &nbsp;&nbsp;&nbsp; Ryan Specialty LLC 144A <br>5.875%, 8/1/32<sup>(1)</sup> <br>| 3925 | &nbsp;&nbsp; 3969 |
| &nbsp;&nbsp;&nbsp; Sable International Finance Ltd. 144A <br>7.125%, 10/15/32<sup>(1)</sup> <br>| 1050 | &nbsp;&nbsp; 1064 |
| &nbsp;&nbsp;&nbsp; Seadrill Finance Ltd. 144A <br>8.375%, 8/1/30<sup>(1)</sup> <br>| 1930 | &nbsp;&nbsp; 2004 |
| &nbsp;&nbsp;&nbsp; Shift4 Payments LLC 144A <br>6.750%, 8/15/32<sup>(1)</sup> <br>| 3875 | &nbsp;&nbsp; 4006 |
| &nbsp;&nbsp;&nbsp; Standard Building Solutions, Inc. 144A <br>6.250%, 8/1/33<sup>(1)</sup> <br>| 513 | &nbsp;&nbsp; 520 |
| &nbsp;&nbsp;&nbsp; Starwood Property Trust, Inc. 144A <br>5.250%, 10/15/28<sup>(1)</sup> <br>| 1220 | &nbsp;&nbsp; 1220 |
| &nbsp;&nbsp;&nbsp; Transocean International Ltd. 144A <br>7.875%, 10/15/32<sup>(1)</sup> <br>| 441 | &nbsp;&nbsp; 441 |
| &nbsp;&nbsp;&nbsp; United Wholesale Mortgage LLC 144A <br>5.500%, 4/15/29<sup>(1)</sup> <br>| 5127 | &nbsp;&nbsp; 5057 |
| UWM Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 6.625%, 2/1/30<sup>(1)</sup> <br>| 990 | &nbsp;&nbsp; 1007 |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 6.250%, 3/15/31<sup>(1)</sup> <br>| 1390 | &nbsp;&nbsp; 1383 |
| &nbsp;&nbsp;&nbsp; VFH Parent LLC 144A <br>7.500%, 6/15/31<sup>(1)</sup> <br>| 1760 | &nbsp;&nbsp; 1820 |
| &nbsp;&nbsp;&nbsp; Viking Cruises Ltd. 144A <br>9.125%, 7/15/31<sup>(1)</sup> <br>| 5457 | &nbsp;&nbsp; 5857 |
| &nbsp;&nbsp;&nbsp; Vistra Operations Co. LLC 144A <br>7.750%, 10/15/31<sup>(1)</sup> <br>| 2122 | &nbsp;&nbsp; 2245 |
| Vmed O2 UK Financing I plc |  |  |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 4.750%, 7/15/31<sup>(1)</sup> <br>| 1580 | &nbsp;&nbsp; 1487 |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 7.750%, 4/15/32<sup>(1)</sup> <br>| 1195 | &nbsp;&nbsp; 1256 |
| &nbsp;&nbsp;&nbsp; Voyager Parent LLC 144A <br>9.250%, 7/1/32<sup>(1)</sup> <br>| 421 | &nbsp;&nbsp; 445 |
|  |  | &nbsp;&nbsp; 135065 |
| **Health Care—2.3%** | **Health Care—2.3%** |  |
| DaVita, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 4.625%, 6/1/30<sup>(1)</sup> <br>| 460 | &nbsp;&nbsp; 441 |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 6.875%, 9/1/32<sup>(1)</sup> <br>| 1975 | &nbsp;&nbsp; 2040 |
| &nbsp;&nbsp;&nbsp; Emergent BioSolutions, Inc. 144A <br>3.875%, 8/15/28<sup>(1)</sup> <br>| 2015 | &nbsp;&nbsp; 1673 |
| &nbsp;&nbsp;&nbsp; Insulet Corp. 144A <br>6.500%, 4/1/33<sup>(1)</sup> <br>| 1565 | &nbsp;&nbsp; 1627 |
| LifePoint Health, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 9.875%, 8/15/30<sup>(1)</sup> <br>| 945 | &nbsp;&nbsp; 1023 |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 11.000%, 10/15/30<sup>(1)</sup> <br>| 879 | &nbsp;&nbsp; 969 |
| &nbsp;&nbsp;&nbsp; Organon & Co. 144A <br>6.750%, 5/15/34<sup>(1)</sup> <br>| 2170 | &nbsp;&nbsp; 2081 |
|  |  | &nbsp;&nbsp; 9854 |

---

---

| | | |
|:---|:---|:---|
|  | **Par Value** | **Value** |
| **Industrials—8.2%** | **Industrials—8.2%** |  |
| &nbsp;&nbsp;&nbsp; AAR Escrow Issuer LLC 144A <br>6.750%, 3/15/29<sup>(1)</sup> <br>| $172 | &nbsp;&nbsp; $177 |
| &nbsp;&nbsp;&nbsp; Allegiant Travel Co. 144A <br>7.250%, 8/15/27<sup>(1)</sup> <br>| 1993 | &nbsp;&nbsp; 2018 |
| &nbsp;&nbsp;&nbsp; Arcosa, Inc. 144A <br>6.875%, 8/15/32<sup>(1)</sup> <br>| 1005 | &nbsp;&nbsp; 1050 |
| &nbsp;&nbsp;&nbsp; BlueLinx Holdings, Inc. 144A <br>6.000%, 11/15/29<sup>(1)</sup> <br>| 2104 | &nbsp;&nbsp; 2071 |
| &nbsp;&nbsp;&nbsp; Brundage-Bone Concrete Pumping Holdings, Inc. <br> 144A <br>7.500%, 2/1/32<sup>(1)</sup> <br>| 4245 | &nbsp;&nbsp; 4289 |
| &nbsp;&nbsp;&nbsp; BWX Technologies, Inc. 144A <br>4.125%, 6/30/28<sup>(1)</sup> <br>| 4095 | &nbsp;&nbsp; 3997 |
| &nbsp;&nbsp;&nbsp; CACI International, Inc. 144A <br>6.375%, 6/15/33<sup>(1)</sup> <br>| 3950 | &nbsp;&nbsp; 4075 |
| &nbsp;&nbsp;&nbsp; Cimpress plc 144A <br>7.375%, 9/15/32<sup>(1)</sup> <br>| 1990 | &nbsp;&nbsp; 1983 |
| &nbsp;&nbsp;&nbsp; Deluxe Corp. 144A <br>8.125%, 9/15/29<sup>(1)</sup> <br>| 782 | &nbsp;&nbsp; 816 |
| &nbsp;&nbsp;&nbsp; Foundation Building Materials, Inc. 144A <br>6.000%, 3/1/29<sup>(1)</sup> <br>| 1095 | &nbsp;&nbsp; 1110 |
| &nbsp;&nbsp;&nbsp; FTAI Aviation Investors LLC 144A <br>7.875%, 12/1/30<sup>(1)</sup> <br>| 1853 | &nbsp;&nbsp; 1969 |
| &nbsp;&nbsp;&nbsp; LBM Acquisition LLC 144A <br>9.500%, 6/15/31<sup>(1)</sup> <br>| 425 | &nbsp;&nbsp; 447 |
| &nbsp;&nbsp;&nbsp; Manitowoc Co., Inc. (The) 144A <br>9.250%, 10/1/31<sup>(1)</sup> <br>| 1990 | &nbsp;&nbsp; 2088 |
| &nbsp;&nbsp;&nbsp; Masterbrand, Inc. 144A <br>7.000%, 7/15/32<sup>(1)</sup> <br>| 1465 | &nbsp;&nbsp; 1514 |
| &nbsp;&nbsp;&nbsp; Pike Corp. 144A <br>8.625%, 1/31/31<sup>(1)</sup> <br>| 1975 | &nbsp;&nbsp; 2119 |
| &nbsp;&nbsp;&nbsp; Spirit AeroSystems, Inc. 144A <br>9.375%, 11/30/29<sup>(1)</sup> <br>| 916 | &nbsp;&nbsp; 965 |
| &nbsp;&nbsp;&nbsp; Terex Corp. 144A <br>5.000%, 5/15/29<sup>(1)</sup> <br>| 1120 | &nbsp;&nbsp; 1103 |
| &nbsp;&nbsp;&nbsp; TMS International Corp. 144A <br>6.250%, 4/15/29<sup>(1)</sup> <br>| 845 | &nbsp;&nbsp; 819 |
| &nbsp;&nbsp;&nbsp; TransDigm, Inc. 144A <br>6.250%, 1/31/34<sup>(1)</sup> <br>| 1049 | &nbsp;&nbsp; 1079 |
| &nbsp;&nbsp;&nbsp; TrueNoord Capital DAC 144A <br>8.750%, 3/1/30<sup>(1)</sup> <br>| 1270 | &nbsp;&nbsp; 1349 |
|  |  | &nbsp;&nbsp; 35038 |
| **Information Technology—5.3%** | **Information Technology—5.3%** |  |
| &nbsp;&nbsp;&nbsp; Acrisure LLC 144A <br>7.500%, 11/6/30<sup>(1)</sup> <br>| 1375 | &nbsp;&nbsp; 1432 |
| &nbsp;&nbsp;&nbsp; Amentum Holdings, Inc. 144A <br>7.250%, 8/1/32<sup>(1)</sup> <br>| 3904 | &nbsp;&nbsp; 4054 |
| &nbsp;&nbsp;&nbsp; Boost Newco Borrower LLC 144A <br>7.500%, 1/15/31<sup>(1)</sup> <br>| 1840 | &nbsp;&nbsp; 1952 |
| Cloud Software Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 6.500%, 3/31/29<sup>(1)</sup> <br>| 4199 | &nbsp;&nbsp; 4237 |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 9.000%, 9/30/29<sup>(1)</sup> <br>| 1940 | &nbsp;&nbsp; 2012 |
| &nbsp;&nbsp;&nbsp; CoreWeave, Inc. 144A <br>9.250%, 6/1/30<sup>(1)</sup> <br>| 1029 | &nbsp;&nbsp; 1063 |
| &nbsp;&nbsp;&nbsp; Fair Isaac Corp. 144A <br>6.000%, 5/15/33<sup>(1)</sup> <br>| 2009 | &nbsp;&nbsp; 2034 |
| Sabre GLBL, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 11.250%, 12/15/27<sup>(1)</sup> <br>| 2340 | &nbsp;&nbsp; 2440 |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 11.125%, 7/15/30<sup>(1)</sup> <br>| 1573 | &nbsp;&nbsp; 1523 |

---

See Notes to Schedule of Investments

------

**VIRTUS Seix High Yield Fund**

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

**September 30, 2025**

($ reported in thousands)

---

| | | |
|:---|:---|:---|
|  | **Par Value** | **Value** |
| **Information Technology—continued** | **Information Technology—continued** |  |
| &nbsp;&nbsp;&nbsp; Seagate Data Storage Technology Pte Ltd. 144A <br>5.750%, 12/1/34<sup>(1)</sup> <br>| $1050 | &nbsp;&nbsp; $1047 |
| WESCO Distribution, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 7.250%, 6/15/28<sup>(1)</sup> <br>| 345 | &nbsp;&nbsp; 349 |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 6.375%, 3/15/33<sup>(1)</sup> <br>| 424 | &nbsp;&nbsp; 440 |
|  |  | &nbsp;&nbsp; 22583 |
| **Materials—8.3%** | **Materials—8.3%** |  |
| &nbsp;&nbsp;&nbsp; Celanese U.S. Holdings LLC <br>7.200%, 11/15/33<br>| 1921 | &nbsp;&nbsp; 1997 |
| &nbsp;&nbsp;&nbsp; Century Aluminum Co. 144A <br>6.875%, 8/1/32<sup>(1)</sup> <br>| 340 | &nbsp;&nbsp; 352 |
| &nbsp;&nbsp;&nbsp; Champion Iron Canada, Inc. 144A <br>7.875%, 7/15/32<sup>(1)</sup> <br>| 1002 | &nbsp;&nbsp; 1048 |
| Cleveland-Cliffs, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 7.000%, 3/15/32<sup>(1)(3)</sup> <br>| 3121 | &nbsp;&nbsp; 3152 |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 7.375%, 5/1/33<sup>(1)</sup> <br>| 580 | &nbsp;&nbsp; 592 |
| First Quantum Minerals Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 9.375%, 3/1/29<sup>(1)</sup> <br>| 3757 | &nbsp;&nbsp; 3974 |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 8.000%, 3/1/33<sup>(1)</sup> <br>| 1045 | &nbsp;&nbsp; 1103 |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 7.250%, 2/15/34<sup>(1)</sup> <br>| 905 | &nbsp;&nbsp; 932 |
| &nbsp;&nbsp;&nbsp; Hecla Mining Co. <br>7.250%, 2/15/28<br>| 343 | &nbsp;&nbsp; 346 |
| &nbsp;&nbsp;&nbsp; Kaiser Aluminum Corp. 144A <br>4.500%, 6/1/31<sup>(1)</sup> <br>| 1155 | &nbsp;&nbsp; 1089 |
| &nbsp;&nbsp;&nbsp; Mativ Holdings, Inc. 144A <br>8.000%, 10/1/29<sup>(1)(3)</sup> <br>| 3766 | &nbsp;&nbsp; 3729 |
| Mineral Resources Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 8.125%, 5/1/27<sup>(1)</sup> <br>| 1621 | &nbsp;&nbsp; 1621 |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 8.000%, 11/1/27<sup>(1)</sup> <br>| 1020 | &nbsp;&nbsp; 1040 |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 9.250%, 10/1/28<sup>(1)</sup> <br>| 988 | &nbsp;&nbsp; 1035 |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 8.500%, 5/1/30<sup>(1)</sup> <br>| 410 | &nbsp;&nbsp; 426 |
| Quikrete Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 6.375%, 3/1/32<sup>(1)</sup> <br>| 184 | &nbsp;&nbsp; 191 |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 6.750%, 3/1/33<sup>(1)</sup> <br>| 4165 | &nbsp;&nbsp; 4330 |
| &nbsp;&nbsp;&nbsp; Sealed Air Corp. 144A <br>6.875%, 7/15/33<sup>(1)</sup> <br>| 985 | &nbsp;&nbsp; 1070 |
| Smyrna Ready Mix Concrete LLC |  |  |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 6.000%, 11/1/28<sup>(1)</sup> <br>| 879 | &nbsp;&nbsp; 879 |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 8.875%, 11/15/31<sup>(1)</sup> <br>| 2895 | &nbsp;&nbsp; 3057 |
| &nbsp;&nbsp;&nbsp; Warrior Met Coal, Inc. 144A <br>7.875%, 12/1/28<sup>(1)</sup> <br>| 1913 | &nbsp;&nbsp; 1942 |
| &nbsp;&nbsp;&nbsp; Windsor Holdings III LLC 144A <br>8.500%, 6/15/30<sup>(1)</sup> <br>| 1507 | &nbsp;&nbsp; 1593 |
|  |  | &nbsp;&nbsp; 35498 |
| **Real Estate—2.9%** | **Real Estate—2.9%** |  |
| &nbsp;&nbsp;&nbsp; Arbor Realty SR, Inc. 144A <br>7.875%, 7/15/30<sup>(1)</sup> <br>| 879 | &nbsp;&nbsp; 924 |
| &nbsp;&nbsp;&nbsp; Brandywine Operating Partnership LP <br>6.125%, 1/15/31<br>| 1285 | &nbsp;&nbsp; 1282 |
| &nbsp;&nbsp;&nbsp; Brookfield Property REIT, Inc. 144A <br>5.750%, 5/15/26<sup>(1)</sup> <br>| 2602 | &nbsp;&nbsp; 2595 |
| &nbsp;&nbsp;&nbsp; Forestar Group, Inc. 144A <br>6.500%, 3/15/33<sup>(1)</sup> <br>| 3041 | &nbsp;&nbsp; 3111 |
| &nbsp;&nbsp;&nbsp; Global Net Lease, Inc. 144A <br>3.750%, 12/15/27<sup>(1)</sup> <br>| 1120 | &nbsp;&nbsp; 1087 |

---

---

| | | |
|:---|:---|:---|
|  | **Par Value** | **Value** |
| **Real Estate—continued** | **Real Estate—continued** |  |
| &nbsp;&nbsp;&nbsp; Howard Hughes Corp. (The) 144A <br>5.375%, 8/1/28<sup>(1)</sup> <br>| $3233 | &nbsp;&nbsp; $3220 |
|  |  | &nbsp;&nbsp; 12219 |
| **Utilities—2.9%** | **Utilities—2.9%** |  |
| &nbsp;&nbsp;&nbsp; Alpha Generation LLC 144A <br>6.750%, 10/15/32<sup>(1)</sup> <br>| 209 | &nbsp;&nbsp; 216 |
| &nbsp;&nbsp;&nbsp; Hawaiian Electric Co., Inc. 144A <br>6.000%, 10/1/33<sup>(1)</sup> <br>| 1055 | &nbsp;&nbsp; 1064 |
| &nbsp;&nbsp;&nbsp; Lightning Power LLC 144A <br>7.250%, 8/15/32<sup>(1)</sup> <br>| 4035 | &nbsp;&nbsp; 4272 |
| &nbsp;&nbsp;&nbsp; NRG Energy, Inc. 144A <br>6.250%, 11/1/34<sup>(1)</sup> <br>| 2119 | &nbsp;&nbsp; 2172 |
| &nbsp;&nbsp;&nbsp; Venture Global Plaquemines LNG LLC 144A <br>7.750%, 5/1/35<sup>(1)</sup> <br>| 2206 | &nbsp;&nbsp; 2490 |
| &nbsp;&nbsp;&nbsp; Vistra Corp. 144A <br>8.000% <sup>(1)(4)</sup> <br>| 2044 | &nbsp;&nbsp; 2091 |
|  |  | &nbsp;&nbsp; 12305 |
| **Total Corporate Bonds and Notes** <br>**(Identified Cost $378,989)** | **Total Corporate Bonds and Notes** <br>**(Identified Cost $378,989)** | &nbsp;&nbsp; **388083** |
| **Leveraged Loans—1.0%** | **Leveraged Loans—1.0%** | **Leveraged Loans—1.0%** |
| **Financials—0.5%** | **Financials—0.5%** |  |
| Asurion LLC |  |  |
| &nbsp;&nbsp;&nbsp; Tranche B-12 (1 month Term SOFR + 4.250%) <br>8.413%, 9/19/30<sup>(5)</sup> <br>| 977 | &nbsp;&nbsp; 973 |
| &nbsp;&nbsp;&nbsp; Tranche B-4 (1 month Term SOFR + 5.364%) <br>9.528%, 1/20/29<sup>(5)</sup> <br>| 1125 | &nbsp;&nbsp; 1075 |
|  |  | &nbsp;&nbsp; 2048 |
| **Forest Prod / Containers—0.2%** | **Forest Prod / Containers—0.2%** |  |
| &nbsp;&nbsp;&nbsp; Domtar Corp. (1 month Term SOFR + 5.614%) <br>9.778%, 11/30/28<sup>(5)</sup> <br>| 1187 | &nbsp;&nbsp; 1088 |
| **Information Technology—0.3%** | **Information Technology—0.3%** |  |
| &nbsp;&nbsp;&nbsp; Sabre GLBL, Inc. 2022, Tranche B-2 (1 month Term <br> SOFR + 5.100%) <br>9.263%, 6/30/28<sup>(5)</sup> <br>| 1193 | &nbsp;&nbsp; 1115 |
| **Total Leveraged Loans** <br>**(Identified Cost $4,266)** | **Total Leveraged Loans** <br>**(Identified Cost $4,266)** | &nbsp;&nbsp; **4251** |

---

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

---

| | | |
|:---|:---|:---|
|  | **Shares** |  |
| **Preferred Stock—0.0%** | **Preferred Stock—0.0%** | **Preferred Stock—0.0%** |
| **Communication Services—0.0%** | **Communication Services—0.0%** |  |
| LiveStyle, Inc. Series B<sup>(6)(7)(8)</sup> <br>| 3156 | &nbsp;&nbsp; 2 |
| **Total Preferred Stock** <br>**(Identified Cost $309)** | **Total Preferred Stock** <br>**(Identified Cost $309)** | &nbsp;&nbsp; **2** |
| **Common Stocks—0.0%** | **Common Stocks—0.0%** | **Common Stocks—0.0%** |
| **Communication Services—0.0%** | **Communication Services—0.0%** |  |
| LiveStyle, Inc. <sup>(6)(7)(8)</sup> <br>| 67983 | &nbsp;&nbsp; — |
| **Energy—0.0%** | **Energy—0.0%** |  |
| SandRidge Energy, Inc. | 159 | &nbsp;&nbsp; 2 |

---

See Notes to Schedule of Investments

------

**VIRTUS Seix High Yield Fund**

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

**September 30, 2025**

($ reported in thousands)

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Financials—0.0%** | **Financials—0.0%** |  |
| Erickson, Inc.<sup>(6)(7)</sup> <br>| 2675 | &nbsp;&nbsp; $— |
| **Total Common Stocks** <br>**(Identified Cost $1,492)** | **Total Common Stocks** <br>**(Identified Cost $1,492)** | &nbsp;&nbsp; **2** |
| **Affiliated Exchange-Traded Fund—3.5%** | **Affiliated Exchange-Traded Fund—3.5%** | **Affiliated Exchange-Traded Fund—3.5%** |
| **Financials—3.5%** | **Financials—3.5%** |  |
| Virtus Seix Senior Loan ETF<sup>(9)(10)</sup> <br>| 634264 | &nbsp;&nbsp; 14962 |
| **Total Affiliated Exchange-Traded Fund** <br>**(Identified Cost $15,217)** | **Total Affiliated Exchange-Traded Fund** <br>**(Identified Cost $15,217)** | &nbsp;&nbsp; **14962** |
| **Total Long-Term Investments—96.5%** <br>**(Identified Cost $404,757)** | **Total Long-Term Investments—96.5%** <br>**(Identified Cost $404,757)** | &nbsp;&nbsp; **411836** |
| **Securities Lending Collateral—2.7%** | **Securities Lending Collateral—2.7%** | **Securities Lending Collateral—2.7%** |
| &nbsp;&nbsp;&nbsp; Dreyfus Government Cash Management Fund - <br> Institutional Shares (seven-day effective yield <br> 4.041%)<sup>(10)(11)</sup> <br>| 11841737 | &nbsp;&nbsp; 11842 |
| **Total Securities Lending Collateral** <br>**(Identified Cost $11,842)** | **Total Securities Lending Collateral** <br>**(Identified Cost $11,842)** | &nbsp;&nbsp; **11842** |
| **TOTAL INVESTMENTS—99.2%** <br>**(Identified Cost $416,599)** | **TOTAL INVESTMENTS—99.2%** <br>**(Identified Cost $416,599)** | &nbsp;&nbsp; **$423678** |
| Other assets and liabilities, net—0.8% | Other assets and liabilities, net—0.8% | &nbsp;&nbsp; 3209 |
| **NET ASSETS—100.0%** | **NET ASSETS—100.0%** | &nbsp;&nbsp; **$426887** |

---

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

---

| | |
|:---|:---|
| **Abbreviations:** | **Abbreviations:** |
| DAC | Designated Activity Company |
| ETF | Exchange-Traded Fund |
| LLC | Limited Liability Company |
| LP | Limited Partnership |
| plc | Public Limited Company |
| REIT | Real Estate Investment Trust |
| S.a.r.l. | Société à responsabilité limitée |
| SOFR | Secured Overnight Financing Rate |

---

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

---

| | |
|:---|:---|
| **Footnote Legend:** | **Footnote Legend:** |
| <sup>(1)</sup> <br>| Security exempt from registration under Rule 144A of the Securities Act of 1933. <br> These securities may be resold in transactions exempt from registration, <br> normally to qualified institutional buyers. At September 30, 2025, these securities <br> amounted to a value of $362,098 or 84.8% of net assets.<br>|
| <sup>(2)</sup> <br>| Security in default; no interest payments are being received. |
| <sup>(3)</sup> <br>| All or a portion of security is on loan. |
| <sup>(4)</sup> <br>| No contractual maturity date. |
| <sup>(5)</sup> <br>| Variable rate security. Rate disclosed is as of September 30, 2025. Information in <br> parenthesis represents benchmark and reference rate for each security. Certain <br> variable rate securities are not based on a published reference rate and spread but <br> are determined by the issuer or agent and are based on current market <br> conditions, or, for mortgage-backed securities, are impacted by the individual <br> mortgages which are paying off over time. These securities do not indicate a <br> reference rate and spread in their descriptions.<br>|
| <sup>(6)</sup> <br>| The value of this security was determined using significant unobservable inputs <br> and is reported as a Level 3 security in the Fair Value Hierarchy table located after <br> the Schedule of Investments.<br>|
| <sup>(7)</sup> <br>| Non-income producing. |
| <sup>(8)</sup> <br>| All or a portion of the security is restricted. |
| <sup>(9)</sup> <br>| Affiliated investment.  |
| <sup>(10)</sup> <br>| Shares of this fund are publicly offered, and its prospectus and annual report are <br> publicly available.<br>|
| <sup>(11)</sup> <br>| Represents security purchased with cash collateral received for securities on <br> loan.<br>|

---

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

---

| | |
|:---|:---|
| **Country Weightings**<sup>†</sup>  | **Country Weightings**<sup>†</sup>  |
| United States | 84<br> %<br>|
| United Kingdom | 3 |
| Canada | 3 |
| Bermuda | 3 |
| Cayman Islands | 2 |
| Australia | 2 |
| Jersey | 1 |
| Other | 2 |
| Total | 100<br> %<br>|
| <sup>†</sup> % of total investments as of September 30, 2025. | <sup>†</sup> % of total investments as of September 30, 2025. |

---

See Notes to Schedule of Investments

------

**VIRTUS Seix High Yield 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>| Level 2 <br>Significant <br>Observable <br>Inputs<br>| Level 3 <br>Significant <br>Unobservable <br>Inputs<br>|
| Assets: |  |  |  |  |
| Debt Instruments: |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Convertible Bonds and Notes | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $4536 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $4536 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $— |
| &nbsp;&nbsp;&nbsp; Corporate Bonds and Notes | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 388083 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 388083 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; Leveraged Loans | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4251 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4251 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — |
| Equity Securities: |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Preferred Stock | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2 |
| &nbsp;&nbsp;&nbsp; Common Stocks | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — <br><sup>(1)</sup><br>|
| Affiliated Exchange-Traded Fund | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14962 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14962 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — |
| Securities Lending Collateral | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11842 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11842 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — |
| Total Investments | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $423678 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $26806 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $396870 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $2 |

---

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

<sup>(1)</sup> Includes internally fair valued securities currently priced at zero ($0).

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

Some of the Fund's investments that were categorized as Level 3 may have been valued utilizing third party pricing information without adjustment. If applicable, such valuations are based on unobservable inputs. A significant change in third party information could result in a significantly lower or higher value of Level 3 investments.

Management has determined that the amount of Level 3 securities compared to total net assets is not material; therefore, the roll-forward of Level 3 securities and assumptions are not shown for the period ended September 30, 2025.

See Notes to Schedule of Investments

------

**VIRTUS Seix High Yield 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.

Debt instruments, including convertible bonds, restricted securities, and leveraged loans are valued based on either evaluated or composite quotations received from independent pricing services or from dealers who make markets in such securities. For most bond types, the pricing service utilizes matrix pricing that considers one or more of the following factors: yield or price of bonds of comparable quality, coupon, maturity, current cash flows, type, activity of the underlying equities, and current day trade information, as well as dealer supplied prices. These valuations are generally categorized as Level 2 in the hierarchy. Structured debt instruments, such as mortgage-backed and asset-backed securities may also incorporate collateral analysis and utilize cash flow models for valuation and are generally categorized as Level 2 in the hierarchy. Pricing services do not provide pricing for all securities and therefore indicative bids from dealers are utilized which are based on pricing models used by market makers in the security and are generally categorized as Level 2 in the hierarchy. Debt instruments that are internally fair valued by the investment adviser's Valuation Committee are generally categorized as Level 3 in the hierarchy.

Listed derivatives, such as options and futures, 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, swaps, swaptions, options and equity-linked instruments, are valued based on model prices provided by independent pricing services or from dealer quotes. Depending on the derivative type and the specific terms of the transaction, these models vary and include observable inputs in actively quoted markets including but not limited to: underlying reference entity details, indices, spreads, interest rates, yield curves, dividend and exchange rates. These instruments are generally categorized as Level 2 in the hierarchy. Centrally cleared swaps listed or traded on a bilateral or trade facility platform, such as a registered exchange, are valued at the last posted settlement price determined by the respective exchange. These securities are generally categorized as Level 2 within 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 Seix High Yield Fund

- **b. EDGAR series identifier (if any):** S000057025

- **c. LEI of Series:** 549300JK6ZT0B425KK09

**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:** $444123053.95

**Total Liabilities:** $19114614.07

**Net Assets:** $425008439.88

**Delayed Delivery Securities:** $1338000.00

**Cash Not Reported:** $11105366.62

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** -233.74159220 | **10-Year:** -1082.57196900 | **30-Year:** -5586.22445600

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

- **3-Month:** 0.00000000 | **1-Year:** -261.60082400 | **5-Year:** -41148.96919000 | **10-Year:** -64333.38506000 | **30-Year:** -5465.15984100

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000181168 | 0.44%                | 1.34%                | 0.73%                |
| Class ID C000181169 | 0.46%                | 1.34%                | 0.73%                |
| Class ID C000181170 | 0.47%                | 1.35%                | 0.87%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-583625.00              | $216729.02                                 |
| Month 2  | $424283.28               | $2912685.07                                |
| Month 3  | $374248.23               | $700618.21                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| LEVEL 3 FINANCING INC             | Level 3 Financing Inc                                                            | CUSIP: 527298CN1<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |   1032000 | PA      | $1049862.98   | 0.25%             | 2034-03-31      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| BLACKSTONE MORTGAGE TR            | Blackstone Mortgage Trust Inc                                                    | CUSIP: 09257WAF7<br>LEI: 549300OLDJ20R2Y2UW20 | Long             | DBT              | CORP              | US        |   1017000 | PA      | $1073009.24   | 0.25%             | 2029-12-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| HOWDEN UK REFINANCE / US          | Howden UK Refinance PLC / Howden UK Refinance 2 PLC / Howden US Refinance LLC    | CUSIP: 44287DAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |   4210000 | PA      | $4367866.58   | 1.03%             | 2032-02-15      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| COREWEAVE INC                     | CoreWeave Inc                                                                    | CUSIP: 21873SAB4<br>LEI: 984500511DP2B6186053 | Long             | DBT              | CORP              | US        |   1029000 | PA      | $1062745.03   | 0.25%             | 2030-06-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| CLOUD SOFTWARE GRP INC            | Cloud Software Group Inc                                                         | CUSIP: 88632QAE3<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |   4199000 | PA      | $4236876.28   | 1.00%             | 2029-03-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC            | Venture Global LNG Inc                                                           | CUSIP: 92332YAF8<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |   1357000 | PA      | $1344895.02   | 0.32%             | N/A             | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| CORONADO FINANCE PTY LTD          | Coronado Finance Pty Ltd                                                         | CUSIP: 21979LAB2<br>LEI: 549300NS5FS0W548RE27 | Long             | DBT              | CORP              | AU        |   3631000 | PA      | $3196499.65   | 0.75%             | 2029-10-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: —       |
| FIRST QUANTUM MINERALS L          | First Quantum Minerals Ltd                                                       | CUSIP: 335934AX3<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |    905000 | PA      | $932376.25    | 0.22%             | 2034-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| CHURCHILL DOWNS INC               | Churchill Downs Inc                                                              | CUSIP: 171484AJ7<br>LEI: 529900FODTBQC8MIS994 | Long             | DBT              | CORP              | US        |    391000 | PA      | $400718.38    | 0.09%             | 2031-05-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ARSENAL AIC PARENT LLC            | Arsenal AIC Parent LLC                                                           | CUSIP: 04288BAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    932000 | PA      | $986798.80    | 0.23%             | 2030-10-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| LBM ACQUISITION LLC               | LBM Acquisition LLC                                                              | CUSIP: 52109SAB5<br>LEI: 549300FAEB3VWZL4NI86 | Long             | DBT              | CORP              | US        |    425000 | PA      | $446597.97    | 0.11%             | 2031-06-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| QUIKRETE HOLDINGS INC             | Quikrete Holdings Inc                                                            | CUSIP: 74843PAB6<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |   4165000 | PA      | $4330324.30   | 1.02%             | 2033-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| PIKE CORP                         | Pike Corp                                                                        | CUSIP: 721283AB5<br>LEI: 549300P4EKEP6HK0NC58 | Long             | DBT              | CORP              | US        |   1975000 | PA      | $2118675.33   | 0.50%             | 2031-01-31      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| GROUP 1 AUTOMOTIVE INC            | Group 1 Automotive Inc                                                           | CUSIP: 398905AQ2<br>LEI: 549300US8QAZJLWYAF63 | Long             | DBT              | CORP              | US        |   1410000 | PA      | $1442477.94   | 0.34%             | 2030-01-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| ROCKIES EXPRESS PIPELINE          | Rockies Express Pipeline LLC                                                     | CUSIP: 77340RAR8<br>LEI: W2ZGZGZKY5GGNY6F3V51 | Long             | DBT              | CORP              | US        |   1092000 | PA      | $1083141.70   | 0.25%             | 2029-07-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| MINERAL RESOURCES LTD             | Mineral Resources Ltd                                                            | CUSIP: 603051AD5<br>LEI: 5299007V1ACKFFX2P066 | Long             | DBT              | CORP              | AU        |    410000 | PA      | $426461.50    | 0.10%             | 2030-05-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| NEW HOME CO INC/THE               | New Home Co Inc/The                                                              | CUSIP: 645370AF4<br>LEI: 549300PLCE8TB3TVRQ85 | Long             | DBT              | CORP              | US        |   3022000 | PA      | $3173202.75   | 0.75%             | 2029-10-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| WHIRLPOOL CORP                    | Whirlpool Corp                                                                   | CUSIP: 963320BD7<br>LEI: WHENKOULSSK7WUM60H03 | Long             | DBT              | CORP              | US        |   1013000 | PA      | $1020934.06   | 0.24%             | 2030-06-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| FIRSTCASH INC                     | FirstCash Inc                                                                    | CUSIP: 33767DAD7<br>LEI: 549300V2X3UU7K0DG350 | Long             | DBT              | CORP              | US        |   4606000 | PA      | $4760798.45   | 1.12%             | 2032-03-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| ARDONAGH GROUP FINANCE            | Ardonagh Group Finance Ltd                                                       | CUSIP: 039956AA5<br>LEI: 254900SRT1BTAJ76NW62 | Long             | DBT              | CORP              | JE        |    945000 | PA      | $993473.10    | 0.23%             | 2032-02-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC              | Cleveland-Cliffs Inc                                                             | CUSIP: 185899AR2<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |    580000 | PA      | $592104.60    | 0.14%             | 2033-05-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| CARVANA CO                        | Carvana Co                                                                       | CUSIP: 146869AN2<br>LEI: 5493003WEAK2PJ5WS063 | Long             | DBT              | CORP              | US        |   1881675 | PA      | $1968640.37   | 0.46%             | 2030-06-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| STANDARD BUILDING SOLUTI          | Standard Building Solutions Inc                                                  | CUSIP: 853191AC8<br>LEI: 54930064UHXCIUWVI755 | Long             | DBT              | CORP              | US        |    513000 | PA      | $519866.59    | 0.12%             | 2033-08-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| VMED O2 UK FINANCING I            | Vmed O2 UK Financing I PLC                                                       | CUSIP: 92858RAD2<br>LEI: 213800MRR46ECNGZ7L69 | Long             | DBT              | CORP              | GB        |   1195000 | PA      | $1255512.41   | 0.30%             | 2032-04-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP            | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPCT8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3941000 | PA      | $4066264.69   | 0.96%             | 2031-03-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC          | Celanese US Holdings LLC                                                         | CUSIP: 15089QAY0<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |   1921000 | PA      | $1997076.77   | 0.47%             | 2033-11-15      | Variable      | 7.20%                 | No            |                  2 | On Loan: No      |
| MINERAL RESOURCES LTD             | Mineral Resources Ltd                                                            | CUSIP: 603051AA1<br>LEI: 5299007V1ACKFFX2P066 | Long             | DBT              | CORP              | AU        |   1621000 | PA      | $1620944.87   | 0.38%             | 2027-05-01      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| MACQUARIE AIRFINANCE HLD          | Macquarie Airfinance Holdings Ltd                                                | CUSIP: 55609NAB4<br>LEI: 549300MCGUSL5B852H65 | Long             | DBT              | CORP              | GB        |   1010000 | PA      | $1051426.57   | 0.25%             | 2029-03-30      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| ENOVA INTERNATIONAL INC           | Enova International Inc                                                          | CUSIP: 29357KAH6<br>LEI: 549300O8XOCQSB49UO63 | Long             | DBT              | CORP              | US        |   2113000 | PA      | $2247167.05   | 0.53%             | 2028-12-15      | Fixed         | 11.25%                | No            |                  2 | On Loan: No      |
| AMENTUM HOLDINGS INC              | Amentum Holdings Inc                                                             | CUSIP: 02352BAA3<br>LEI: 2549009FJIBLW40CU216 | Long             | DBT              | CORP              | US        |   3904000 | PA      | $4053780.86   | 0.95%             | 2032-08-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| LIGHT & WONDER INTL INC           | Light & Wonder International Inc                                                 | CUSIP: 531968AB1<br>LEI: RLTHESQ0RNFQJWPBJN60 | Long             | DBT              | CORP              | US        |   1245000 | PA      | $1247116.50   | 0.29%             | 2033-10-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| WESCO DISTRIBUTION INC            | WESCO Distribution Inc                                                           | CUSIP: 95081QAS3<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |    424000 | PA      | $439530.35    | 0.10%             | 2033-03-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| ARETEC GROUP INC                  | Aretec Group Inc                                                                 | CUSIP: 04020JAA4<br>LEI: 549300NV2T8A33L0PQ58 | Long             | DBT              | CORP              | US        |   1765000 | PA      | $1922972.80   | 0.45%             | 2030-08-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| FAIR ISAAC CORP                   | Fair Isaac Corp                                                                  | CUSIP: 303250AG9<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | DBT              | CORP              | US        |   2009000 | PA      | $2033998.33   | 0.48%             | 2033-05-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC          | Vistra Operations Co LLC                                                         | CUSIP: 92840VAP7<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |   2122000 | PA      | $2245483.42   | 0.53%             | 2031-10-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| VMED O2 UK FINAN                  | Vmed O2 UK Financing I PLC                                                       | CUSIP: 92858RAB6<br>LEI: 213800MRR46ECNGZ7L69 | Long             | DBT              | CORP              | GB        |   1580000 | PA      | $1487169.15   | 0.35%             | 2031-07-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| UWM HOLDINGS LLC                  | UWM Holdings LLC                                                                 | CUSIP: 903522AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    990000 | PA      | $1007110.33   | 0.24%             | 2030-02-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| LiveStyle Inc. Series B Preferred | LiveStyle Inc. Series B Preferred                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |      3156 | NS      | $1893.60      | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| SPIRIT AEROSYSTEMS INC            | Spirit AeroSystems Inc                                                           | CUSIP: 85205TAN0<br>LEI: ZD2NBKV6GCC3UMGBM518 | Long             | DBT              | CORP              | US        |    916000 | PA      | $964748.60    | 0.23%             | 2029-11-30      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| HOWARD HUGHES CORP                | Howard Hughes Corp/The                                                           | CUSIP: 44267DAD9<br>LEI: 549300BVHY25JZC1KI49 | Long             | DBT              | CORP              | US        |   3233000 | PA      | $3220236.76   | 0.76%             | 2028-08-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| PROVIDENT FDG/PFG FIN             | Provident Funding Associates LP / PFG Finance Corp                               | CUSIP: 74387UAK7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1952000 | PA      | $2062549.57   | 0.49%             | 2029-09-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC          | Warnermedia Holdings Inc                                                         | CUSIP: 55903VBQ5<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |   3550000 | PA      | $3252687.50   | 0.77%             | 2032-03-15      | Fixed         | 4.28%                 | No            |                  2 | On Loan: No      |
| DREYFUS GOVERNMENT CASH MANAGE    | DREYFUS GOVERNMENT CASH MANAGE                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | STIV             | RF                | US        |  11841737 | NS      | $11841737.06  | 2.79%             |  |  |  | No            |                  1 | On Loan: No      |
| STATION CASINOS LLC               | Station Casinos LLC                                                              | CUSIP: 857691AH2<br>LEI: 5493004E7Q60TX54WL62 | Long             | DBT              | CORP              | US        |   1720000 | PA      | $1622501.63   | 0.38%             | 2031-12-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| MATIV HOLDINGS INC                | Mativ Holdings Inc                                                               | CUSIP: 808541AC0<br>LEI: 549300Z1FU4IDULG1R21 | Long             | DBT              | CORP              | US        |   3766000 | PA      | $3728563.06   | 0.88%             | 2029-10-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: —       |
| CHAMP ACQUISITION CORP            | Champ Acquisition Corp                                                           | CUSIP: 15807XAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1102000 | PA      | $1171574.77   | 0.28%             | 2031-12-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| ROCKIES EXPRESS PIPELINE          | Rockies Express Pipeline LLC                                                     | CUSIP: 77340RAD9<br>LEI: W2ZGZGZKY5GGNY6F3V51 | Long             | DBT              | CORP              | US        |   2537000 | PA      | $2699205.63   | 0.64%             | 2038-07-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| FIRST QUANTUM MINERALS L          | First Quantum Minerals Ltd                                                       | CUSIP: 335934AW5<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |   1045000 | PA      | $1102887.78   | 0.26%             | 2033-03-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| LIFEPOINT HEALTH INC              | LifePoint Health Inc                                                             | CUSIP: 53219LAW9<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | DBT              | CORP              | US        |    879000 | PA      | $968796.00    | 0.23%             | 2030-10-15      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| ROCKETMTGE CO-ISSUER INC          | Rocket Mortgage LLC / Rocket Mortgage Co-Issuer Inc                              | CUSIP: 77313LAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2434000 | PA      | $2222932.04   | 0.52%             | 2033-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| QUIKRETE HOLDINGS INC             | Quikrete Holdings Inc                                                            | CUSIP: 74843PAA8<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |    184000 | PA      | $190595.30    | 0.04%             | 2032-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE HOLD             | Freedom Mortgage Holdings LLC                                                    | CUSIP: 35641AAD0<br>LEI: 254900ROJ91RGM43S156 | Long             | DBT              | CORP              | US        |    369000 | PA      | $380135.31    | 0.09%             | 2033-04-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| UNITED WHOLESALE MTGE LL          | United Wholesale Mortgage LLC                                                    | CUSIP: 913229AA8<br>LEI: 549300HW662MN1WU8550 | Long             | DBT              | CORP              | US        |   5127000 | PA      | $5056523.75   | 1.19%             | 2029-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SABRE GLBL INC                    | Sabre GLBL Inc                                                                   | CUSIP: 78573NAM4<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | DBT              | CORP              | US        |   1573000 | PA      | $1523371.85   | 0.36%             | 2030-07-15      | Fixed         | 11.12%                | No            |                  2 | On Loan: No      |
| INEOS FINANCE PLC                 | INEOS Finance PLC                                                                | CUSIP: 44984WAH0<br>LEI: 2138002D68XDR4LZCG32 | Long             | DBT              | CORP              | GB        |   4005000 | PA      | $3928400.37   | 0.92%             | 2028-05-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| BWX TECHNOLOGIES INC              | BWX Technologies Inc                                                             | CUSIP: 05605HAB6<br>LEI: 549300NP85N265KWMS58 | Long             | DBT              | CORP              | US        |   4095000 | PA      | $3997205.26   | 0.94%             | 2028-06-30      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP              | OneMain Finance Corp                                                             | CUSIP: 682691AJ9<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    935000 | PA      | $952317.14    | 0.22%             | 2032-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| MASTERBRAND INC                   | Masterbrand Inc                                                                  | CUSIP: 57638PAA2<br>LEI: 549300E0Y4BR5Z9RDZ64 | Long             | DBT              | CORP              | US        |   1465000 | PA      | $1513969.09   | 0.36%             | 2032-07-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| JEFFERSON CAPITAL HOLDIN          | Jefferson Capital Holdings LLC                                                   | CUSIP: 472481AB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1963000 | PA      | $2067468.90   | 0.49%             | 2029-02-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| TURNING POINT BRANDS INC          | Turning Point Brands Inc                                                         | CUSIP: 90041LAG0<br>LEI: 549300IYG00QF0VVP302 | Long             | DBT              | CORP              | US        |   2280000 | PA      | $2412696.00   | 0.57%             | 2032-03-15      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| GULFPORT ENERGY OP CORP           | Gulfport Energy Operating Corp                                                   | CUSIP: 402635AT3<br>LEI: 549300FJX18IDUFPHD40 | Long             | DBT              | CORP              | US        |    755000 | PA      | $774776.14    | 0.18%             | 2029-09-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| OPAL BIDCO                        | Opal Bidco SAS                                                                   | CUSIP: 68348BAA1<br>LEI: 969500R96XT7XY2UJ564 | Long             | DBT              | CORP              | FR        |   1020000 | PA      | $1045240.92   | 0.25%             | 2032-03-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CIMPRESS PLC                      | Cimpress PLC                                                                     | CUSIP: 17186HAH5<br>LEI: 549300X1IFD75XISOR81 | Long             | DBT              | CORP              | IE        |   1990000 | PA      | $1983064.01   | 0.47%             | 2032-09-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| FORESTAR GROUP INC                | Forestar Group Inc                                                               | CUSIP: 346232AG6<br>LEI: 549300BC2UB0GHV60V70 | Long             | DBT              | CORP              | US        |   3041000 | PA      | $3110952.12   | 0.73%             | 2033-03-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| NATIONSTAR MTG HLD INC            | Nationstar Mortgage Holdings Inc                                                 | CUSIP: 63861CAE9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1677000 | PA      | $1694613.53   | 0.40%             | 2031-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| SNAP INC                          | Snap Inc                                                                         | CUSIP: 83304AAL0<br>LEI: 549300JNC0L6VP8A2Q35 | Long             | DBT              | CORP              | US        |   2111000 | PA      | $2157650.23   | 0.51%             | 2033-03-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| TMS INTERNATIONAL CORP            | TMS International Corp/DE                                                        | CUSIP: 87261QAC7<br>LEI: 549300L4K0F1YF8WKF23 | Long             | DBT              | CORP              | US        |    845000 | PA      | $819415.09    | 0.19%             | 2029-04-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE CORP             | Freedom Mortgage Corp                                                            | CUSIP: 35640YAL1<br>LEI: 549300LYRWPSYPK6S325 | Long             | DBT              | CORP              | US        |    957000 | PA      | $1067573.69   | 0.25%             | 2030-10-01      | Fixed         | 12.25%                | No            |                  2 | On Loan: No      |
| APOLLO CMMRL REAL EST FI          | Apollo Commercial Real Estate Finance Inc                                        | CUSIP: 03762UAD7<br>LEI: 549300E0AN7M2AQHSY29 | Long             | DBT              | CORP              | US        |   1170000 | PA      | $1124384.77   | 0.26%             | 2029-06-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC            | Venture Global LNG Inc                                                           | CUSIP: 92332YAC5<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |   3775000 | PA      | $4160144.38   | 0.98%             | 2029-02-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| CONNECT FINCO SARL/CONNE          | Connect Finco SARL / Connect US Finco LLC                                        | CUSIP: 20752TAB0<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |   3995000 | PA      | $4200362.26   | 0.99%             | 2029-09-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| NEW HOME CO INC/THE               | New Home Co Inc/The                                                              | CUSIP: 645370AG2<br>LEI: 549300PLCE8TB3TVRQ85 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1557091.50   | 0.37%             | 2030-11-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| ARCOSA INC                        | Arcosa Inc                                                                       | CUSIP: 039653AC4<br>LEI: 549300WFHLTCZV7D6V29 | Long             | DBT              | CORP              | US        |   1005000 | PA      | $1049715.47   | 0.25%             | 2032-08-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA RESOURCES CRP          | California Resources Corp                                                        | CUSIP: 13057QAK3<br>LEI: 5493003Q8F0T4F4YMR48 | Long             | DBT              | CORP              | US        |   1908000 | PA      | $1989748.26   | 0.47%             | 2029-06-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| BLOCK INC                         | Block Inc                                                                        | CUSIP: 852234AU7<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |    201000 | PA      | $205832.04    | 0.05%             | 2033-08-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| NATIONSTAR MTG HLD INC            | Nationstar Mortgage Holdings Inc                                                 | CUSIP: 63861CAG4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    882000 | PA      | $904833.22    | 0.21%             | 2029-08-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| PHOENIX AVIATION CAPITAL          | Phoenix Aviation Capital Ltd                                                     | CUSIP: 71910DAA9<br>LEI: 8945008YQAKXZQ3VYJ15 | Long             | DBT              | CORP              | IE        |    984000 | PA      | $1046891.38   | 0.25%             | 2030-07-15      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| BATH & BODY WORKS INC             | Bath & Body Works Inc                                                            | CUSIP: 501797AM6<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | DBT              | CORP              | US        |   2102000 | PA      | $2163067.30   | 0.51%             | 2036-07-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| WINDSOR HOLDINGS III LLC          | Windsor Holdings III LLC                                                         | CUSIP: 97360AAA5<br>LEI: 254900IXUJZ9H146T437 | Long             | DBT              | CORP              | US        |   1507000 | PA      | $1593063.25   | 0.37%             | 2030-06-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| HIGHTOWER HOLDING LLC             | Hightower Holding LLC                                                            | CUSIP: 43118DAA8<br>LEI: 254900MKOSB7RTMA9K12 | Long             | DBT              | CORP              | US        |   1590000 | PA      | $1568736.76   | 0.37%             | 2029-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC              | Cleveland-Cliffs Inc                                                             | CUSIP: 185899AP6<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |   3121000 | PA      | $3152100.77   | 0.74%             | 2032-03-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: —       |
| OSAIC HOLDINGS INC                | Osaic Holdings Inc                                                               | CUSIP: 00791GAC1<br>LEI: 549300XL60BDV6UW5C86 | Long             | DBT              | CORP              | US        |    159000 | PA      | $164787.12    | 0.04%             | 2033-08-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| AAR ESCROW ISSUER LLC             | AAR Escrow Issuer LLC                                                            | CUSIP: 00253PAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    172000 | PA      | $177061.04    | 0.04%             | 2029-03-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CENTURY ALUMINUM COMPANY          | Century Aluminum Co                                                              | CUSIP: 156431AS7<br>LEI: 549300U5ODNGEYWKSW73 | Long             | DBT              | CORP              | US        |    340000 | PA      | $352376.00    | 0.08%             | 2032-08-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| DIRECTV FIN LLC/COINC             | Directv Financing LLC / Directv Financing Co-Obligor Inc                         | CUSIP: 25461LAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1333000 | PA      | $1331504.37   | 0.31%             | 2027-08-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ROCKET COS INC                    | Rocket Cos Inc                                                                   | CUSIP: 77311WAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2085000 | PA      | $2139877.20   | 0.50%             | 2030-08-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| WARRIOR MET COAL INC              | Warrior Met Coal Inc                                                             | CUSIP: 93627CAB7<br>LEI: 549300152B1S9YKBYV79 | Long             | DBT              | CORP              | US        |   1913000 | PA      | $1941579.24   | 0.46%             | 2028-12-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| NOBLE FINANCE II LLC              | Noble Finance II LLC                                                             | CUSIP: 65505PAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2440000 | PA      | $2525543.96   | 0.59%             | 2030-04-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| STATION CASINOS LLC               | Station Casinos LLC                                                              | CUSIP: 857691AG4<br>LEI: 5493004E7Q60TX54WL62 | Long             | DBT              | CORP              | US        |   1930000 | PA      | $1897508.26   | 0.45%             | 2028-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| VIRGIN MEDIA SECURED FIN          | Virgin Media Secured Finance PLC                                                 | CUSIP: 92769XAP0<br>LEI: 213800X3RLP4NOTPY579 | Long             | DBT              | CORP              | GB        |   1450000 | PA      | $1433607.34   | 0.34%             | 2029-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| TIDEWATER INC                     | Tidewater Inc                                                                    | CUSIP: 88642RAE9<br>LEI: 2549000JA5GRUPLMUH98 | Long             | DBT              | CORP              | US        |   2389000 | PA      | $2562082.38   | 0.60%             | 2030-07-15      | Fixed         | 9.12%                 | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE CORP             | Freedom Mortgage Corp                                                            | CUSIP: 35640YAK3<br>LEI: 549300LYRWPSYPK6S325 | Long             | DBT              | CORP              | US        |   1411000 | PA      | $1495660.00   | 0.35%             | 2028-10-01      | Fixed         | 12.00%                | No            |                  2 | On Loan: No      |
| ENCORE CAPITAL GROUP INC          | Encore Capital Group Inc                                                         | CUSIP: 292554AQ5<br>LEI: 5493000UVC6H49CIH830 | Long             | DBT              | CORP              | US        |   2940000 | PA      | $3102170.40   | 0.73%             | 2029-04-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| DAVITA INC                        | DaVita Inc                                                                       | CUSIP: 23918KAS7<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | DBT              | CORP              | US        |    460000 | PA      | $440858.89    | 0.10%             | 2030-06-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| SEAGATE DATA STOR                 | Seagate Data Storage Technology Pte Ltd                                          | CUSIP: 81180LAS4<br>LEI: N/A                  | Long             | DBT              | CORP              | SG        |   1050000 | PA      | $1046619.05   | 0.25%             | 2034-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Domtar Corporation                | Domtar Corp                                                                      | CUSIP: 25755FAK6<br>LEI: XYSIJOU3HNVROZWNA008 | Long             | LON              | CORP              | US        |   1187182 | PA      | $1088254.22   | 0.26%             | 2028-11-30      | Floating      | 9.78%                 | No            |                  2 | On Loan: No      |
| ZIPRECRUITER INC                  | ZipRecruiter Inc                                                                 | CUSIP: 98980BAA1<br>LEI: 549300HLOVNNFCY2IV80 | Long             | DBT              | CORP              | US        |   2572000 | PA      | $2070251.93   | 0.49%             | 2030-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WELLTEC INTERNATIONAL             | Welltec International ApS                                                        | CUSIP: 95039LAA6<br>LEI: 549300MW4UJ1X7Q4F350 | Long             | DBT              | CORP              | DK        |    171000 | PA      | $171556.95    | 0.04%             | 2026-10-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: —       |
| DELUXE CORP                       | Deluxe Corp                                                                      | CUSIP: 248019AW1<br>LEI: KWGNKB8TX9LE5TV29231 | Long             | DBT              | CORP              | US        |    782000 | PA      | $816576.91    | 0.19%             | 2029-09-15      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| INSULET CORPORATION               | Insulet Corp                                                                     | CUSIP: 45784PAL5<br>LEI: 549300TZTYD2PYN92D43 | Long             | DBT              | CORP              | US        |   1565000 | PA      | $1627024.08   | 0.38%             | 2033-04-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FOUNDATION BUILDING M             | Foundation Building Materials Inc                                                | CUSIP: 350392AA4<br>LEI: 549300ZVE6MONHB01I28 | Long             | DBT              | CORP              | US        |   1095000 | PA      | $1109904.35   | 0.26%             | 2029-03-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| MANITOWOC COMPANY INC             | Manitowoc Co Inc/The                                                             | CUSIP: 563571AN8<br>LEI: 2RTSLGQ89VMY18RHX631 | Long             | DBT              | CORP              | US        |   1990000 | PA      | $2087933.15   | 0.49%             | 2031-10-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| PRA GROUP INC                     | PRA Group Inc                                                                    | CUSIP: 69354NAF3<br>LEI: 549300Q5HW3JSSB86K27 | Long             | DBT              | CORP              | US        |   1981000 | PA      | $2044269.18   | 0.48%             | 2030-01-31      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| WHITE CAP BUYER LLC               | White Cap Buyer LLC                                                              | CUSIP: 96350RAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $997029.50    | 0.23%             | 2028-10-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| KAISER ALUMINUM CORP              | Kaiser Aluminum Corp                                                             | CUSIP: 483007AL4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1155000 | PA      | $1088622.61   | 0.26%             | 2031-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| MACY'S RETAIL HLDGS LLC           | Macy's Retail Holdings LLC                                                       | CUSIP: 55616XAG2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    852000 | PA      | $672731.14    | 0.16%             | 2042-01-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| SIMMONS FOOD INC/SIMMONS          | Simmons Foods Inc/Simmons Prepared Foods Inc/Simmons Pet Food Inc/Simmons Feed   | CUSIP: 82873MAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1830000 | PA      | $1754363.17   | 0.41%             | 2029-03-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| WESCO DISTRIBUTION INC            | WESCO Distribution Inc                                                           | CUSIP: 95081QAP9<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |    345000 | PA      | $349485.00    | 0.08%             | 2028-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| CABLE ONE INC                     | Cable One Inc                                                                    | CUSIP: 12685JAG0<br>LEI: 549300648QS85T0XSH18 | Long             | DBT              | CORP              | US        |   5315000 | PA      | $4536352.50   | 1.07%             | 2028-03-15      | Fixed         | 1.12%                 | No            |                  2 | On Loan: No      |
| Erickson Inc                      | Erickson Inc                                                                     | CUSIP: 29482Y200<br>LEI: 54930048K1C8M9G3EI51 | Long             | EC               | CORP              | US        |      2675 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| CLOUD SOFTWARE GRP INC            | Cloud Software Group Inc                                                         | CUSIP: 18912UAA0<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |   1940000 | PA      | $2012180.42   | 0.47%             | 2029-09-30      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| RYAN SPECIALTY                    | Ryan Specialty LLC                                                               | CUSIP: 78351GAA3<br>LEI: 549300K52N7QBO3PYY45 | Long             | DBT              | CORP              | US        |   3925000 | PA      | $3968905.05   | 0.93%             | 2032-08-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| STARWOOD PROPERTY TRUST           | Starwood Property Trust Inc                                                      | CUSIP: 85571BBF1<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | DBT              | CORP              | US        |   1220000 | PA      | $1220353.32   | 0.29%             | 2028-10-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| BLUELINX HOLDING                  | BlueLinx Holdings Inc                                                            | CUSIP: 09624HAA7<br>LEI: 549300YSX7GU28F5I540 | Long             | DBT              | CORP              | US        |   2104000 | PA      | $2071307.84   | 0.49%             | 2029-11-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| TALLGRASS NRG PRTNR/FIN           | Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp                     | CUSIP: 87470LAL5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    992000 | PA      | $1021604.26   | 0.24%             | 2029-02-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| TRANSOCEAN INC                    | Transocean International Ltd                                                     | CUSIP: 893830BX6<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | BM        |    946500 | PA      | $995879.87    | 0.23%             | 2030-02-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| MATADOR RESOURCES CO              | Matador Resources Co                                                             | CUSIP: 576485AF3<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | DBT              | CORP              | US        |    990000 | PA      | $1010333.61   | 0.24%             | 2028-04-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP          | Charter Communications Operating LLC / Charter Communications Operating Capital  | CUSIP: 161175CP7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1595000 | PA      | $1704412.39   | 0.40%             | 2034-02-01      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP          | Charter Communications Operating LLC / Charter Communications Operating Capital  | CUSIP: 161175BA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4232000 | PA      | $4180825.51   | 0.98%             | 2045-10-23      | Fixed         | 6.48%                 | No            |                  2 | On Loan: No      |
| LGI HOMES INC                     | LGI Homes Inc                                                                    | CUSIP: 50187TAH9<br>LEI: 549300W02B4WNV8CV109 | Long             | DBT              | CORP              | US        |    867000 | PA      | $910193.94    | 0.21%             | 2028-12-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| PRAIRIE ACQUIROR LP               | Prairie Acquiror LP                                                              | CUSIP: 73943NAA4<br>LEI: 254900Q6KU2LVSIISH22 | Long             | DBT              | CORP              | US        |   2020000 | PA      | $2103031.37   | 0.49%             | 2029-08-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| ASHTON WOODS USA/FINANCE          | Ashton Woods USA LLC / Ashton Woods Finance Co                                   | CUSIP: 045086AR6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1020000 | PA      | $1028748.54   | 0.24%             | 2033-08-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I/HILCORP          | Hilcorp Energy I LP / Hilcorp Finance Co                                         | CUSIP: 431318BC7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4051000 | PA      | $4254676.18   | 1.00%             | 2033-11-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| MGM RESORTS INTL                  | MGM Resorts International                                                        | CUSIP: 552953CJ8<br>LEI: 54930066VBP7DZEGGJ87 | Long             | DBT              | CORP              | US        |   1592000 | PA      | $1621920.05   | 0.38%             | 2032-04-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| PENNYMAC FIN SVCS INC             | PennyMac Financial Services Inc                                                  | CUSIP: 70932MAF4<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |   2081000 | PA      | $2149895.67   | 0.51%             | 2033-02-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| MINERAL RESOURCES LTD             | Mineral Resources Ltd                                                            | CUSIP: 603051AC7<br>LEI: 5299007V1ACKFFX2P066 | Long             | DBT              | CORP              | AU        |   1020000 | PA      | $1039679.96   | 0.24%             | 2027-11-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| UWM HOLDINGS LLC                  | UWM Holdings LLC                                                                 | CUSIP: 903522AB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1390000 | PA      | $1383379.94   | 0.33%             | 2031-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| BRANDYWINE OPER PARTNERS          | Brandywine Operating Partnership LP                                              | CUSIP: 105340AT0<br>LEI: IXBXSCONLDQ1ZI73YU71 | Long             | DBT              | CORP              | US        |   1285000 | PA      | $1282108.75   | 0.30%             | 2031-01-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| UNDER ARMOUR INC                  | Under Armour Inc                                                                 | CUSIP: 904311AD9<br>LEI: 549300D4549QKWETZ406 | Long             | DBT              | CORP              | US        |   1055000 | PA      | $1053696.04   | 0.25%             | 2030-07-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP              | OneMain Finance Corp                                                             | CUSIP: 682691AE0<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |   1972000 | PA      | $2086681.66   | 0.49%             | 2030-03-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| ARDONAGH FINCO LTD                | Ardonagh Finco Ltd                                                               | CUSIP: 039853AA4<br>LEI: 254900D2T84O1K03BA28 | Long             | DBT              | CORP              | JE        |   3842000 | PA      | $4020226.54   | 0.95%             | 2031-02-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| JEFFERSON CAPITAL HOLDIN          | Jefferson Capital Holdings LLC                                                   | CUSIP: 472481AC4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1951000 | PA      | $2040404.58   | 0.48%             | 2030-05-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| SABLE INTL FINANCE LTD            | Sable International Finance Ltd                                                  | CUSIP: 785712AK6<br>LEI: 2138009IE9A35LO5JS73 | Long             | DBT              | CORP              | KY        |   1050000 | PA      | $1063676.25   | 0.25%             | 2032-10-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| TRAVEL + LEISURE CO               | Travel + Leisure Co                                                              | CUSIP: 98310WAS7<br>LEI: T4VNTWMFQ7JQB65L7T35 | Long             | DBT              | CORP              | US        |   1886000 | PA      | $1900012.98   | 0.45%             | 2026-07-31      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Asurion LLC                       | ASURION LLC                                                                      | CUSIP: 04649VBD1<br>LEI: 549300KNQVXGIOXWK278 | Long             | LON              | CORP              | US        |    977340 | PA      | $973215.76    | 0.23%             | 2030-09-19      | Floating      | 8.41%                 | No            |                  2 | On Loan: No      |
| TRANSOCEAN TITAN FIN LTD          | Transocean Titan Financing Ltd                                                   | CUSIP: 89386MAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |   1671667 | PA      | $1712793.01   | 0.40%             | 2028-02-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| SHIFT4 PAYMENTS LLC/FIN           | Shift4 Payments LLC / Shift4 Payments Finance Sub Inc                            | CUSIP: 82453AAB3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3875000 | PA      | $4006327.63   | 0.94%             | 2032-08-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CAESARS ENTERTAIN INC             | Caesars Entertainment Inc                                                        | CUSIP: 12769GAD2<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |   1045000 | PA      | $1029282.99   | 0.24%             | 2032-10-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: —       |
| ARBOR REALTY SR INC               | Arbor Realty SR Inc                                                              | CUSIP: 03881NAJ6<br>LEI: 549300TW7RTL2CI3CN08 | Long             | DBT              | CORP              | US        |    879000 | PA      | $924215.13    | 0.22%             | 2030-07-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER          | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                   | CUSIP: 01883LAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1002154.00   | 0.24%             | 2027-10-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| PRA GROUP INC                     | PRA Group Inc                                                                    | CUSIP: 69354NAD8<br>LEI: 549300Q5HW3JSSB86K27 | Long             | DBT              | CORP              | US        |   2228000 | PA      | $2069102.60   | 0.49%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GOEASY LTD                        | goeasy Ltd                                                                       | CUSIP: 380355AH0<br>LEI: 5493009DJVZG2P8YV435 | Long             | DBT              | CORP              | CA        |   2023000 | PA      | $2111526.48   | 0.50%             | 2028-12-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| ANGI GROUP LLC                    | ANGI Group LLC                                                                   | CUSIP: 001846AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2709000 | PA      | $2546053.65   | 0.60%             | 2028-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| VOYAGER PARENT LLC                | Voyager Parent LLC                                                               | CUSIP: 92921EAA0<br>LEI: 2549002DYVI4ACSV4V71 | Long             | DBT              | CORP              | US        |    421000 | PA      | $445203.34    | 0.10%             | 2032-07-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| SEALED AIR CORP                   | Sealed Air Corp                                                                  | CUSIP: 81211KAK6<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | DBT              | CORP              | US        |    985000 | PA      | $1069889.79   | 0.25%             | 2033-07-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Virtus Seix Senior Loan ETF       | Virtus Seix Senior Loan ETF                                                      | CUSIP: 92790A405<br>LEI: 5493002FXOZ36VHY8T45 | Long             | EC               | RF                | US        |    634264 | NS      | $14962287.76  | 3.52%             |  |  |  | No            |                  1 | On Loan: No      |
| SMYRNA READY MIX CONCRET          | Smyrna Ready Mix Concrete LLC                                                    | CUSIP: 83283WAE3<br>LEI: 549300S7RFWHQFOIOY93 | Long             | DBT              | CORP              | US        |   2895000 | PA      | $3056954.23   | 0.72%             | 2031-11-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| PENNYMAC FIN SVCS INC             | PennyMac Financial Services Inc                                                  | CUSIP: 70932MAD9<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |   1175000 | PA      | $1247023.98   | 0.29%             | 2029-12-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| BURFORD CAPITAL GLBL FIN          | Burford Capital Global Finance LLC                                               | CUSIP: 12116LAG4<br>LEI: 549300JVAOO67CSCH406 | Long             | DBT              | CORP              | US        |   1090000 | PA      | $1109184.00   | 0.26%             | 2033-07-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| FIRST QUANTUM MINERALS L          | First Quantum Minerals Ltd                                                       | CUSIP: 335934AV7<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |   3757000 | PA      | $3974154.60   | 0.94%             | 2029-03-01      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| UPBOUND GROUP INC                 | Upbound Group Inc                                                                | CUSIP: 76009NAL4<br>LEI: 529900QUHE15UQNCCJ63 | Long             | DBT              | CORP              | US        |   4399000 | PA      | $4341192.74   | 1.02%             | 2029-02-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| CHAMPION IRON CANADA INC          | Champion Iron Canada Inc                                                         | CUSIP: 15853BAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   1002000 | PA      | $1047624.07   | 0.25%             | 2032-07-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| CACI INTERNATIONAL INC            | CACI International Inc                                                           | CUSIP: 127190AE6<br>LEI: SYRPI2D1O9WRTS2WX210 | Long             | DBT              | CORP              | US        |   3950000 | PA      | $4074625.07   | 0.96%             | 2033-06-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| FREEDOM MORTGAGE HOLD             | Freedom Mortgage Holdings LLC                                                    | CUSIP: 35641AAA6<br>LEI: 254900ROJ91RGM43S156 | Long             | DBT              | CORP              | US        |   1389000 | PA      | $1461471.92   | 0.34%             | 2029-02-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                    | NRG Energy Inc                                                                   | CUSIP: 629377CX8<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |   2119000 | PA      | $2172167.83   | 0.51%             | 2034-11-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| GGAM FINANCE LTD                  | GGAM Finance Ltd                                                                 | CUSIP: 36170JAC0<br>LEI: 254900X2QXEN0FVXRF65 | Long             | DBT              | CORP              | KY        |   1856000 | PA      | $1899548.61   | 0.45%             | 2027-02-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| DREAM FINDERS HOMES INC           | Dream Finders Homes Inc                                                          | CUSIP: 26154DAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2437000 | PA      | $2528277.84   | 0.59%             | 2028-08-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| CONSOLIDATED ENERGY FIN           | Consolidated Energy Finance SA                                                   | CUSIP: 20914UAH9<br>LEI: 549300PUNIS0USNSL750 | Long             | DBT              | CORP              | LU        |    880000 | PA      | $805205.49    | 0.19%             | 2031-02-15      | Fixed         | 12.00%                | No            |                  2 | On Loan: —       |
| MINERAL RESOURCES LTD             | Mineral Resources Ltd                                                            | CUSIP: 603051AE3<br>LEI: 5299007V1ACKFFX2P066 | Long             | DBT              | CORP              | AU        |    988000 | PA      | $1035235.29   | 0.24%             | 2028-10-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| BROOKFIELD PPTY REIT INC          | Brookfield Property REIT Inc / BPR Cumulus LLC / BPR Nimbus LLC / GGSI Sellco LL | CUSIP: 11284DAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2602000 | PA      | $2594844.76   | 0.61%             | 2026-05-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ORGANON & CO/ORGANON FOR          | Organon & Co / Organon Foreign Debt Co-Issuer BV                                 | CUSIP: 68622FAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2170000 | PA      | $2080783.90   | 0.49%             | 2034-05-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| LiveStyle Inc. Common Stock       | LiveStyle Inc. Common Stock                                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     67983 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| FREEDOM MORTGAGE HOLD             | Freedom Mortgage Holdings LLC                                                    | CUSIP: 35641AAC2<br>LEI: 254900ROJ91RGM43S156 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1152965.00   | 0.27%             | 2032-04-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| BLOCK INC                         | Block Inc                                                                        | CUSIP: 852234AT0<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |    201000 | PA      | $203648.78    | 0.05%             | 2030-08-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| TIME WARNER CABLE LLC             | Time Warner Cable LLC                                                            | CUSIP: 88732JAY4<br>LEI: 549300U5NFR7S6E3GM41 | Long             | DBT              | CORP              | US        |   1150000 | PA      | $1099253.84   | 0.26%             | 2040-11-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ASCENT RESOURCES/ARU FIN          | Ascent Resources Utica Holdings LLC / ARU Finance Corp                           | CUSIP: 04364VAK9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    329000 | PA      | $397481.35    | 0.09%             | 2027-11-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| CONSOLIDATED ENERGY FIN           | Consolidated Energy Finance SA                                                   | CUSIP: 20914UAE6<br>LEI: 549300PUNIS0USNSL750 | Long             | DBT              | CORP              | LU        |    405000 | PA      | $394171.03    | 0.09%             | 2026-05-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| LIFEPOINT HEALTH INC              | LifePoint Health Inc                                                             | CUSIP: 53219LAV1<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | DBT              | CORP              | US        |    945000 | PA      | $1023376.41   | 0.24%             | 2030-08-15      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| ORGANON & CO/ORGANON FOR          | Organon & Co / Organon Foreign Debt Co-Issuer BV                                 | CUSIP: 68622TAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2080000 | PA      | $2009576.23   | 0.47%             | 2028-04-30      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| CITGO PETROLEUM CORP              | CITGO Petroleum Corp                                                             | CUSIP: 17302XAM8<br>LEI: YX52P86PXMLYDOTUQ225 | Long             | DBT              | CORP              | US        |    255000 | PA      | $254985.59    | 0.06%             | 2026-06-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| FTAI AVIATION INVESTORS           | FTAI Aviation Investors LLC                                                      | CUSIP: 34960PAE1<br>LEI: 529900E7PUVK6BC8PE80 | Long             | DBT              | CORP              | US        |   1853000 | PA      | $1969084.89   | 0.46%             | 2030-12-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Asurion LLC                       | Asurion LLC                                                                      | CUSIP: 04649VBA7<br>LEI: 549300KNQVXGIOXWK278 | Long             | LON              | CORP              | US        |   1125000 | PA      | $1074532.50   | 0.25%             | 2029-01-20      | Floating      | 9.60%                 | No            |                  2 | On Loan: No      |
| TEREX CORP                        | Terex Corp                                                                       | CUSIP: 880779BA0<br>LEI: YAWJZJYEQ7M1SYMOS462 | Long             | DBT              | CORP              | US        |   1120000 | PA      | $1102981.04   | 0.26%             | 2029-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MAGNOLIA OIL GAS/MAG FIN          | Magnolia Oil & Gas Operating LLC / Magnolia Oil & Gas Finance Corp               | CUSIP: 559665AB0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3020000 | PA      | $3099169.30   | 0.73%             | 2032-12-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| ASBURY AUTOMOTIVE GROUP           | Asbury Automotive Group Inc                                                      | CUSIP: 043436AX2<br>LEI: 549300JH4DTA7U42GL91 | Long             | DBT              | CORP              | US        |   2663000 | PA      | $2557098.88   | 0.60%             | 2032-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TRANSOCEAN AQUILA LTD             | Transocean Aquila Ltd                                                            | CUSIP: 893790AA3<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |   1554123 | PA      | $1598611.40   | 0.38%             | 2028-09-30      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| ROCKET COS INC                    | Rocket Cos Inc                                                                   | CUSIP: 77311WAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2085000 | PA      | $2151957.69   | 0.51%             | 2033-08-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| OSAIC HOLDINGS INC                | Osaic Holdings Inc                                                               | CUSIP: 00791GAB3<br>LEI: 549300XL60BDV6UW5C86 | Long             | DBT              | CORP              | US        |    997000 | PA      | $1029737.49   | 0.24%             | 2032-08-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                  | CSC Holdings LLC                                                                 | CUSIP: 126307BM8<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |   2635000 | PA      | $2439372.07   | 0.57%             | 2028-05-15      | Fixed         | 11.25%                | No            |                  2 | On Loan: No      |
| BRUNDAGE-BONE CONCRETE            | Brundage-Bone Concrete Pumping Holdings Inc                                      | CUSIP: 66981QAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4245000 | PA      | $4288918.77   | 1.01%             | 2032-02-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| WINNEBAGO INDUSTRIES              | Winnebago Industries Inc                                                         | CUSIP: 974637AC4<br>LEI: 549300B7OYKYJLTE3G11 | Long             | DBT              | CORP              | US        |    723000 | PA      | $721577.28    | 0.17%             | 2028-07-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                     | TransDigm Inc                                                                    | CUSIP: 893647BZ9<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   1049000 | PA      | $1078811.52   | 0.25%             | 2034-01-31      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| SIRIUS XM RADIO LLC               | Sirius XM Radio LLC                                                              | CUSIP: 82967NBJ6<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |   2145000 | PA      | $2072658.44   | 0.49%             | 2028-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ASCENT RESOURCES/ARU FIN          | Ascent Resources Utica Holdings LLC / ARU Finance Corp                           | CUSIP: 04364VAX1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1475000 | PA      | $1505188.83   | 0.35%             | 2032-10-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| BREAD FINANCIAL HLDGS             | Bread Financial Holdings Inc                                                     | CUSIP: 018581AQ1<br>LEI: 549300G8S4PO686J7H97 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1129522.90   | 0.27%             | 2035-06-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| SESI LLC                          | SESI LLC                                                                         | CUSIP: 78412FAX2<br>LEI: XDZ56K6RXS5J1ESBZS35 | Long             | DBT              | CORP              | US        |   1067000 | PA      | $1067000.00   | 0.25%             | 2030-09-30      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| BORR IHC LTD / BORR FIN           | Borr IHC Ltd / Borr Finance LLC                                                  | CUSIP: 100018AB6<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |    658301 | PA      | $659123.85    | 0.16%             | 2030-11-15      | Fixed         | 10.38%                | No            |                  2 | On Loan: No      |
| GLOBAL NET LEASE/GLOBAL           | Global Net Lease Inc / Global Net Lease Operating Partnership LP                 | CUSIP: 37892AAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1120000 | PA      | $1087075.70   | 0.26%             | 2027-12-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| ASBURY AUTOMOTIVE GROUP           | Asbury Automotive Group Inc                                                      | CUSIP: 043436AV6<br>LEI: 549300JH4DTA7U42GL91 | Long             | DBT              | CORP              | US        |    422000 | PA      | $410994.03    | 0.10%             | 2030-03-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ALLEGIANT TRAVEL CO               | Allegiant Travel Co                                                              | CUSIP: 01748XAD4<br>LEI: 549300JM9OZXOHWL2K18 | Long             | DBT              | CORP              | US        |   1993000 | PA      | $2017778.29   | 0.47%             | 2027-08-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Sabre GLBL Inc                    | Sabre GLBL Inc                                                                   | CUSIP: 78571YBJ8<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | LON              | CORP              | US        |   1192479 | PA      | $1114968.15   | 0.26%             | 2028-06-30      | Floating      | 9.26%                 | No            |                  2 | On Loan: No      |
| ENOVA INTERNATIONAL INC           | Enova International Inc                                                          | CUSIP: 29357KAK9<br>LEI: 549300O8XOCQSB49UO63 | Long             | DBT              | CORP              | US        |   2024000 | PA      | $2125540.03   | 0.50%             | 2029-08-01      | Fixed         | 9.12%                 | No            |                  2 | On Loan: No      |
| VFH PARENT / VALOR CO             | VFH Parent LLC / Valor Co-Issuer Inc                                             | CUSIP: 91824YAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1760000 | PA      | $1820339.84   | 0.43%             | 2031-06-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| ARSENAL AIC PARENT LLC            | Arsenal AIC Parent LLC                                                           | CUSIP: 04288BAC4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1905000 | PA      | $2115744.44   | 0.50%             | 2031-10-01      | Fixed         | 11.50%                | No            |                  2 | On Loan: No      |
| MARRIOTT OWNERSHIP RESOR          | Marriott Ownership Resorts Inc                                                   | CUSIP: 57164PAF3<br>LEI: BW4532OH033VURR0IT68 | Long             | DBT              | CORP              | US        |   2230000 | PA      | $2193664.16   | 0.52%             | 2028-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| TRUENOORD CAPITAL DAC             | TrueNoord Capital DAC                                                            | CUSIP: 89785GAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |   1270000 | PA      | $1349373.73   | 0.32%             | 2030-03-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| GOEASY LTD                        | goeasy Ltd                                                                       | CUSIP: 380355AJ6<br>LEI: 5493009DJVZG2P8YV435 | Long             | DBT              | CORP              | CA        |   2722000 | PA      | $2758474.80   | 0.65%             | 2029-07-01      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| ACRISURE LLC / FIN INC            | Acrisure LLC / Acrisure Finance Inc                                              | CUSIP: 00489LAL7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1375000 | PA      | $1432406.25   | 0.34%             | 2030-11-06      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| VISTRA CORP                       | Vistra Corp                                                                      | CUSIP: 92840MAB8<br>LEI: 549300KP43CPCUJOOG15 | Long             | DBT              | CORP              | US        |   2044000 | PA      | $2090721.75   | 0.49%             | N/A             | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| DAVITA INC                        | DaVita Inc                                                                       | CUSIP: 23918KAW8<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | DBT              | CORP              | US        |   1975000 | PA      | $2040246.10   | 0.48%             | 2032-09-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| AMERICAN AXLE & MFG INC           | American Axle & Manufacturing Inc                                                | CUSIP: 02406PBA7<br>LEI: RY5TAKFOBLDUGX31MS24 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $999765.90    | 0.24%             | 2028-07-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: —       |
| ALPHA GENERATION LLC              | Alpha Generation LLC                                                             | CUSIP: 02073LAA9<br>LEI: 254900K5V62L4YGVKF49 | Long             | DBT              | CORP              | US        |    209000 | PA      | $215748.71    | 0.05%             | 2032-10-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| VIKING CRUISES LTD                | Viking Cruises Ltd                                                               | CUSIP: 92676XAG2<br>LEI: 549300IJP90T4MV2GL84 | Long             | DBT              | CORP              | BM        |   5457000 | PA      | $5857107.24   | 1.38%             | 2031-07-15      | Fixed         | 9.12%                 | No            |                  2 | On Loan: No      |
| SandRidge Energy Inc              | SandRidge Energy Inc                                                             | CUSIP: 80007P869<br>LEI: W1MKPVGS6I5155L7VV67 | Long             | EC               | CORP              | US        |       159 | NS      | $1793.52      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| LIGHTNING POWER LLC               | Lightning Power LLC                                                              | CUSIP: 53229KAA7<br>LEI: 254900BWCHJ03XRL8K59 | Long             | DBT              | CORP              | US        |   4035000 | PA      | $4271919.06   | 1.01%             | 2032-08-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| CABLE ONE INC                     | Cable One Inc                                                                    | CUSIP: 12685JAC9<br>LEI: 549300648QS85T0XSH18 | Long             | DBT              | CORP              | US        |   5098000 | PA      | $4319359.01   | 1.02%             | 2030-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: —       |
| EMERGENT BIOSOLUTIONS             | Emergent BioSolutions Inc                                                        | CUSIP: 29089QAC9<br>LEI: 549300YW6TUOX8BE5103 | Long             | DBT              | CORP              | US        |   2015000 | PA      | $1673433.26   | 0.39%             | 2028-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| JEFFERIES FIN LLC / JFIN          | Jefferies Finance LLC / JFIN Co-Issuer Corp                                      | CUSIP: 47232MAG7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1055000 | PA      | $1062024.95   | 0.25%             | 2031-10-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| ION PLATFORM FINANCE US           | ION PLATFORM FINANCE US INC                                                      | CUSIP: 46205QAB4<br>LEI: 213800FKHT3BRRKMCC89 | Long             | DBT              | CORP              | US        |    470000 | PA      | $466912.10    | 0.11%             | 2032-09-30      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| FIRSTCASH INC                     | FirstCash Inc                                                                    | CUSIP: 31944TAA8<br>LEI: 549300V2X3UU7K0DG350 | Long             | DBT              | CORP              | US        |   2070000 | PA      | $2066998.29   | 0.49%             | 2030-01-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| DIRECTV FINANCING LLC             | Directv Financing LLC                                                            | CUSIP: 254945AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1108000 | PA      | $1094395.21   | 0.26%             | 2030-02-01      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| STATION CASINOS LLC               | Station Casinos LLC                                                              | CUSIP: 857691AJ8<br>LEI: 5493004E7Q60TX54WL62 | Long             | DBT              | CORP              | US        |    615000 | PA      | $631755.06    | 0.15%             | 2032-03-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| BALDWIN INSUR GRP/FIN             | Baldwin Insurance Group Holdings LLC / Baldwin Insurance Group Holdings Finance  | CUSIP: 05825XAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2028000 | PA      | $2105165.40   | 0.50%             | 2031-05-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| NATIONSTAR MTG HLD INC            | Nationstar Mortgage Holdings Inc                                                 | CUSIP: 63861CAF6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    511000 | PA      | $533383.33    | 0.13%             | 2032-02-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| HAWAIIAN ELEC CO                  | Hawaiian Electric Co Inc                                                         | CUSIP: 419866AV0<br>LEI: 549300PQE8D806LWQV52 | Long             | DBT              | CORP              | US        |   1055000 | PA      | $1064170.32   | 0.25%             | 2033-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| JEFFERIES FIN LLC / JFIN          | Jefferies Finance LLC / JFIN Co-Issuer Corp                                      | CUSIP: 47232MAF9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1595000 | PA      | $1541064.60   | 0.36%             | 2028-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VALARIS LTD                       | Valaris Ltd                                                                      | CUSIP: 91889FAC5<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   2434000 | PA      | $2526112.95   | 0.59%             | 2030-04-30      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| SMYRNA READY MIX CONCRET          | Smyrna Ready Mix Concrete LLC                                                    | CUSIP: 85236FAA1<br>LEI: 549300S7RFWHQFOIOY93 | Long             | DBT              | CORP              | US        |    879000 | PA      | $879279.52    | 0.21%             | 2028-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| SEADRILL FINANCE LTD              | Seadrill Finance Ltd                                                             | CUSIP: 81172QAA2<br>LEI: 213800WMN3OHFUDHD642 | Long             | DBT              | CORP              | BM        |   1930000 | PA      | $2003849.52   | 0.47%             | 2030-08-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE SA                  | Altice France SA                                                                 | CUSIP: 02156LAA9<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |   1780000 | PA      | $1694053.09   | 0.40%             | 2027-02-01      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| MAYA SAS/FRANCE                   | Maya SAS/Paris France                                                            | CUSIP: 449691AF1<br>LEI: 9695009PXA7OI9NXN582 | Long             | DBT              | CORP              | FR        |   1925000 | PA      | $2064549.03   | 0.49%             | 2031-04-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| HECLA MINING CO                   | Hecla Mining Co                                                                  | CUSIP: 422704AH9<br>LEI: 5493009Y6HOBZD1QD537 | Long             | DBT              | CORP              | US        |    343000 | PA      | $346101.41    | 0.08%             | 2028-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL PLAQUE             | Venture Global Plaquemines LNG LLC                                               | CUSIP: 922966AB2<br>LEI: 549300TKP4I6OJ02BF90 | Long             | DBT              | CORP              | US        |   2206000 | PA      | $2489930.47   | 0.59%             | 2035-05-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| PANTHER ESCROW ISSUER             | Panther Escrow Issuer LLC                                                        | CUSIP: 69867RAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    145000 | PA      | $150817.11    | 0.04%             | 2031-06-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| BREAD FINANCIAL HLDGS             | Bread Financial Holdings Inc                                                     | CUSIP: 018581AP3<br>LEI: 549300G8S4PO686J7H97 | Long             | DBT              | CORP              | US        |   2978000 | PA      | $3178675.51   | 0.75%             | 2029-03-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| CHORD ENERGY CORP                 | Chord Energy Corp                                                                | CUSIP: 674215AQ1<br>LEI: 529900FA4V2YNIKZ0M71 | Long             | DBT              | CORP              | US        |   1090000 | PA      | $1082410.64   | 0.25%             | 2030-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BOOST NEWCO BORROWER LLC          | Boost Newco Borrower LLC                                                         | CUSIP: 36268NAA8<br>LEI: 254900S8RE1OL7TTCU64 | Long             | DBT              | CORP              | US        |   1840000 | PA      | $1952044.96   | 0.46%             | 2031-01-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| SABRE GLBL INC                    | Sabre GLBL Inc                                                                   | CUSIP: 78573NAH5<br>LEI: F2TJC7HPPHLHU1AQMP98 | Long             | DBT              | CORP              | US        |   2340000 | PA      | $2440189.74   | 0.57%             | 2027-12-15      | Fixed         | 11.25%                | No            |                  2 | 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