# EDGAR Filing Document

**Accession Number:** 0001005020
**File Stem:** 0000940400-26-008441
**Filing Date:** 2026-2
**Character Count:** 199754
**Document Hash:** 24128fa80e7b7109589a4a171d9a8481
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-008441.hdr.sgml**: 20260226

**ACCESSION NUMBER**: 0000940400-26-008441

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260226

**DATE AS OF CHANGE**: 20260226

**PERIOD START**: 20260930

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07455
- **FILM NUMBER:** 26684510

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

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PHOENIX OPPORTUNITIES TRUST
- **DATE OF NAME CHANGE:** 20060127

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

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

## Series and Classes Contracts Data

### Virtus Newfleet Senior Floating Rate Fund (Series ID: S000020772)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000058006 | Class A      | PSFRX           |
| C000058007 | Class C      | PFSRX           |
| C000058008 | Class I      | PSFIX           |
| C000176710 | Class R6     | VRSFX           |

## Nport-Ex

**VIRTUS Newfleet Senior Floating Rate Fund**

**SCHEDULE OF INVESTMENTS (Unaudited)**

**December 31, 2025**

($ reported in thousands)

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

---

| | | |
|:---|:---|:---|
|  | **Par Value** | **Value** |
| **Corporate Bonds and Notes—3.5%** | **Corporate Bonds and Notes—3.5%** | **Corporate Bonds and Notes—3.5%** |
| **Communication Services—0.6%** | **Communication Services—0.6%** |  |
| &nbsp;&nbsp;&nbsp; CSC Holdings LLC 144A <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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>4.125%, 12/1/30<sup>(1)</sup> <br>| $200 | &nbsp;&nbsp; $123 |
| 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 8.875%, 2/1/30<sup>(1)</sup> <br>| 35 | &nbsp;&nbsp; 35 |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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>| 25 | &nbsp;&nbsp; 25 |
| &nbsp;&nbsp;&nbsp; DISH Network Corp. 144A <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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>11.750%, 11/15/27<sup>(1)</sup> <br>| 305 | &nbsp;&nbsp; 317 |
| Gray Media, 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 9.625%, 7/15/32<sup>(1)</sup> <br>| 110 | &nbsp;&nbsp; 114 |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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%, 8/15/33<sup>(1)</sup> <br>| 195 | &nbsp;&nbsp; 199 |
| &nbsp;&nbsp;&nbsp; Level 3 Financing, Inc. 144A <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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>4.250%, 7/1/28<sup>(1)</sup> <br>| 55 | &nbsp;&nbsp; 53 |
| &nbsp;&nbsp;&nbsp; McGraw-Hill Education, Inc. 144A <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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>7.375%, 9/1/31<sup>(1)</sup> <br>| 100 | &nbsp;&nbsp; 106 |
|  |  | &nbsp;&nbsp; 972 |
| **Financials—1.5%** | **Financials—1.5%** |  |
| &nbsp;&nbsp;&nbsp; Acrisure LLC 144A <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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>6.000%, 8/1/29<sup>(1)</sup> <br>| 515 | &nbsp;&nbsp; 509 |
| &nbsp;&nbsp;&nbsp; Albion Financing 1 S.a.r.l. 144A <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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>7.000%, 5/21/30<sup>(1)</sup> <br>| 500 | &nbsp;&nbsp; 522 |
| &nbsp;&nbsp;&nbsp; Cipher Compute LLC 144A <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>7.125%, 11/15/30<sup>(1)</sup> <br>| 15 | &nbsp;&nbsp; 15 |
| &nbsp;&nbsp;&nbsp; Grifols S.A. 144A <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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%, 10/15/28<sup>(1)</sup> <br>| 200 | &nbsp;&nbsp; 198 |
| &nbsp;&nbsp;&nbsp; Ladder Capital Finance Holdings LLLP 144A <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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>4.250%, 2/1/27<sup>(1)</sup> <br>| 225 | &nbsp;&nbsp; 223 |
| &nbsp;&nbsp;&nbsp; NCR Atleos Corp. 144A <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>9.500%, 4/1/29<sup>(1)</sup> <br>| 334 | &nbsp;&nbsp; 362 |
| &nbsp;&nbsp;&nbsp; Opal Bidco SAS 144A <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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>6.500%, 3/31/32<sup>(1)</sup> <br>| 30 | &nbsp;&nbsp; 31 |
| &nbsp;&nbsp;&nbsp; Organon & Co. 144A <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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>4.125%, 4/30/28<sup>(1)</sup> <br>| 510 | &nbsp;&nbsp; 497 |
|  |  | &nbsp;&nbsp; 2357 |
| **Health Care—0.4%** | **Health Care—0.4%** |  |
| &nbsp;&nbsp;&nbsp; Amneal Pharmaceuticals LLC 144A <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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>6.875%, 8/1/32<sup>(1)</sup> <br>| 10 | &nbsp;&nbsp; 11 |
| &nbsp;&nbsp;&nbsp; Genmab A/S 144A <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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>6.250%, 12/15/32<sup>(1)</sup> <br>| 15 | &nbsp;&nbsp; 15 |
| &nbsp;&nbsp;&nbsp; LifePoint Health, Inc. 144A <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>9.875%, 8/15/30<sup>(1)</sup> <br>| 550 | &nbsp;&nbsp; 592 |
|  |  | &nbsp;&nbsp; 618 |
| **Industrials—0.4%** | **Industrials—0.4%** |  |
| &nbsp;&nbsp;&nbsp; Garda World Security Corp. 144A <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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>8.375%, 11/15/32<sup>(1)</sup> <br>| 200 | &nbsp;&nbsp; 204 |
| &nbsp;&nbsp;&nbsp; Global Medical Response, Inc. 144A <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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>7.375%, 10/1/32<sup>(1)</sup> <br>| 20 | &nbsp;&nbsp; 21 |
| &nbsp;&nbsp;&nbsp; Icahn Enterprises LP 144A <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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>10.000%, 11/15/29<sup>(1)</sup> <br>| 125 | &nbsp;&nbsp; 125 |
| &nbsp;&nbsp;&nbsp; VoltaGrid LLC 144A <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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>7.375%, 11/1/30<sup>(1)</sup> <br>| 260 | &nbsp;&nbsp; 257 |
|  |  | &nbsp;&nbsp; 607 |
| **Information Technology—0.0%** | **Information Technology—0.0%** |  |
| &nbsp;&nbsp;&nbsp; Rocket Software, Inc. 144A <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>9.000%, 11/28/28<sup>(1)</sup> <br>| 75 | &nbsp;&nbsp; 77 |

---

---

| | | |
|:---|:---|:---|
|  | **Par Value** | **Value** |
| **Materials—0.6%** | **Materials—0.6%** |  |
| &nbsp;&nbsp;&nbsp; Graham Packaging Co., Inc. 144A <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>7.125%, 8/15/28<sup>(1)</sup> <br>| $615 | &nbsp;&nbsp; $616 |
| &nbsp;&nbsp;&nbsp; Mauser Packaging Solutions Holding Co. 144A <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>9.250%, 4/15/30<sup>(1)</sup> <br>| 190 | &nbsp;&nbsp; 182 |
| &nbsp;&nbsp;&nbsp; Trivium Packaging Finance B.V. 144A <br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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>8.250%, 7/15/30<sup>(1)</sup> <br>| 203 | &nbsp;&nbsp; 218 |
|  |  | &nbsp;&nbsp; 1016 |
| **Total Corporate Bonds and Notes** <br>**(Identified Cost $5,440)** | **Total Corporate Bonds and Notes** <br>**(Identified Cost $5,440)** | &nbsp;&nbsp; **5647** |
| **Leveraged Loans—91.7%** | **Leveraged Loans—91.7%** | **Leveraged Loans—91.7%** |
| **Aerospace—2.7%** | **Aerospace—2.7%** |  |
| &nbsp;&nbsp;&nbsp; American Airlines, Inc. (3 month Term SOFR + 2.250%) <br>6.134%, 4/20/28<sup>(2)</sup> <br>| 864 | &nbsp;&nbsp; 865 |
| &nbsp;&nbsp;&nbsp; Brown Group Holding LLC (1 month Term SOFR + <br> 2.500%) <br>6.216%, 7/1/31<sup>(2)</sup> <br>| 900 | &nbsp;&nbsp; 905 |
| Kaman Corp. |  |  |
| &nbsp;&nbsp;&nbsp; (3 month Term SOFR + 2.500%) <br>6.322% - 6.544%, 2/26/32<sup>(2)</sup> <br>| 611 | &nbsp;&nbsp; 613 |
| &nbsp;&nbsp;&nbsp; (3 month Term SOFR + 2.500%) <br>6.427%, 2/26/32<sup>(2)</sup> <br>| 6 | &nbsp;&nbsp; 6 |
| &nbsp;&nbsp;&nbsp; Rand Parent LLC 2025, Tranche B (3 month Term SOFR + <br> 3.000%) <br>6.672%, 3/18/30<sup>(2)</sup> <br>| 567 | &nbsp;&nbsp; 568 |
| &nbsp;&nbsp;&nbsp; TransDigm, Inc. Tranche J (1 month Term SOFR + <br> 2.500%) <br>6.216%, 2/28/31<sup>(2)</sup> <br>| 1421 | &nbsp;&nbsp; 1426 |
|  |  | &nbsp;&nbsp; 4383 |
| **Chemicals—3.1%** | **Chemicals—3.1%** |  |
| &nbsp;&nbsp;&nbsp; Ineos Finance plc 2030 (1 month Term SOFR + 3.250%) <br>6.966%, 2/18/30<sup>(2)</sup> <br>| 1210 | &nbsp;&nbsp; 975 |
| &nbsp;&nbsp;&nbsp; Ineos U.S. Finance LLC 2031 (1 month Term SOFR + <br> 3.000%) <br>0.000%, 2/7/31<sup>(2)</sup> <br>| 677 | &nbsp;&nbsp; 541 |
| &nbsp;&nbsp;&nbsp; Lummus Technology Holdings V LLC Tranche B (1 month <br> Term SOFR + 2.500%) <br>6.216%, 12/31/29<sup>(2)</sup> <br>| 998 | &nbsp;&nbsp; 998 |
| &nbsp;&nbsp;&nbsp; Nouryon Finance B.V. 2024, Tranche B-1 (3-6 month <br> Term SOFR + 3.250%) <br>7.036%, 4/3/28<sup>(2)</sup> <br>| 1110 | &nbsp;&nbsp; 1109 |
| &nbsp;&nbsp;&nbsp; USALCO LLC 2025 (1 month Term SOFR + 3.500%) <br>7.216%, 9/30/31<sup>(2)</sup> <br>| 542 | &nbsp;&nbsp; 544 |
| &nbsp;&nbsp;&nbsp; Windsor Holdings III LLC 2025, Tranche B (1 month <br> Term SOFR + 2.750%) <br>6.466%, 8/1/30<sup>(2)</sup> <br>| 870 | &nbsp;&nbsp; 872 |
|  |  | &nbsp;&nbsp; 5039 |
| **Consumer Durables—1.5%** | **Consumer Durables—1.5%** |  |
| &nbsp;&nbsp;&nbsp; Gloves Buyer, Inc. (1 month Term SOFR + 4.000%) <br>7.716%, 5/21/32<sup>(2)</sup> <br>| 515 | &nbsp;&nbsp; 512 |
| &nbsp;&nbsp;&nbsp; Madison Safety & Flow LLC 2025, Tranche B (1 month <br> Term SOFR + 2.500%) <br>6.227%, 9/26/31<sup>(2)</sup> <br>| 459 | &nbsp;&nbsp; 462 |
| &nbsp;&nbsp;&nbsp; Resideo Funding, Inc. (3 month Term SOFR + 2.000%) <br>5.723%, 8/13/32<sup>(2)</sup> <br>| 409 | &nbsp;&nbsp; 409 |

---

See Notes to Schedule of Investments

------

**VIRTUS Newfleet Senior Floating Rate Fund**

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

**December 31, 2025**

($ reported in thousands)

---

| | | |
|:---|:---|:---|
|  | **Par Value** | **Value** |
| **Consumer Durables—continued** | **Consumer Durables—continued** |  |
| &nbsp;&nbsp;&nbsp; Skechers U.S.A., Inc. Tranche B-1 (3 month Term SOFR + <br> 3.250%) <br>6.922%, 9/13/32<sup>(2)</sup> <br>| $370 | &nbsp;&nbsp; $373 |
| &nbsp;&nbsp;&nbsp; White Cap Supply Holdings LLC Tranche C (1 month <br> Term SOFR + 3.250%) <br>6.966%, 10/19/29<sup>(2)</sup> <br>| 643 | &nbsp;&nbsp; 645 |
|  |  | &nbsp;&nbsp; 2401 |
| **Consumer Non-Durables—1.4%** | **Consumer Non-Durables—1.4%** |  |
| &nbsp;&nbsp;&nbsp; AI Aqua Merger Sub, Inc. 2025, Tranche B (1-3 month <br> Term SOFR + 3.000%) <br>6.652% - 6.854%, 7/31/28<sup>(2)</sup> <br>| 1072 | &nbsp;&nbsp; 1074 |
| &nbsp;&nbsp;&nbsp; Albion Financing 3 S.a.r.l. 2025, Tranche A (3 month <br> Term SOFR + 3.000%) <br>6.868%, 5/21/31<sup>(2)</sup> <br>| 429 | &nbsp;&nbsp; 431 |
| &nbsp;&nbsp;&nbsp; DS Parent, Inc. Tranche B (3 month Term SOFR + <br> 5.500%) <br>9.172%, 1/31/31<sup>(2)</sup> <br>| 639 | &nbsp;&nbsp; 583 |
| &nbsp;&nbsp;&nbsp; Energizer Holdings, Inc. 2025, Tranche B (1 month Term <br> SOFR + 2.000%) <br>5.734%, 3/13/32<sup>(2)</sup> <br>| 142 | &nbsp;&nbsp; 142 |
|  |  | &nbsp;&nbsp; 2230 |
| **Energy—4.2%** | **Energy—4.2%** |  |
| &nbsp;&nbsp;&nbsp; AL GCX Holdings LLC Tranche B (1 month Term SOFR + <br> 2.000%) <br>5.815%, 1/30/32<sup>(2)</sup> <br>| 728 | &nbsp;&nbsp; 727 |
| &nbsp;&nbsp;&nbsp; Blackfin Pipeline LLC (1 month Term SOFR + 3.000%) <br>6.750%, 9/30/30<sup>(2)</sup> <br>| 530 | &nbsp;&nbsp; 530 |
| &nbsp;&nbsp;&nbsp; CQP Holdco LP (3 month Term SOFR + 2.000%) <br>5.672%, 12/31/30<sup>(2)</sup> <br>| 628 | &nbsp;&nbsp; 629 |
| &nbsp;&nbsp;&nbsp; CVR CHC LP Tranche B (3 month Term SOFR + 4.000%) <br>7.672%, 12/30/27<sup>(2)</sup> <br>| 251 | &nbsp;&nbsp; 251 |
| &nbsp;&nbsp;&nbsp; Freeport LNG Investments LLP 2025, Tranche B (3 <br> month Term SOFR + 3.250%) <br>7.120%, 12/21/28<sup>(2)</sup> <br>| 773 | &nbsp;&nbsp; 776 |
| &nbsp;&nbsp;&nbsp; GIP Pilot Acquisition Partners LP (3 month Term SOFR + <br> 2.000%) <br>5.935%, 10/4/30<sup>(2)</sup> <br>| 282 | &nbsp;&nbsp; 283 |
| &nbsp;&nbsp;&nbsp; Hilcorp Energy I LP Tranche B (1 month Term SOFR + <br> 2.000%) <br>5.736%, 2/11/30<sup>(2)</sup> <br>| 625 | &nbsp;&nbsp; 626 |
| &nbsp;&nbsp;&nbsp; M6 ETX Holdings II Midco LLC Tranche B (1 month Term <br> SOFR + 2.500%) <br>0.000%, 4/1/32<sup>(2)</sup> <br>| 276 | &nbsp;&nbsp; 277 |
| &nbsp;&nbsp;&nbsp; Oryx Midstream Services Permian Basin LLC Tranche B <br> (1 month Term SOFR + 2.250%) <br>5.977%, 10/5/28<sup>(2)</sup> <br>| 861 | &nbsp;&nbsp; 865 |
| &nbsp;&nbsp;&nbsp; Paragon Offshore Finance Co. Escrow (6 month PRIME + <br> 1.750%) <br>0.000%, 7/19/27<sup>(3)(4)</sup> <br>| 1 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; Stonepeak Bayou Holdings LP (3 month Term SOFR + <br> 2.750%) <br>6.422%, 10/1/32<sup>(2)</sup> <br>| 355 | &nbsp;&nbsp; 318 |
| &nbsp;&nbsp;&nbsp; Traverse Midstream Partners LLC Tranche B (3 month <br> Term SOFR + 2.500%) <br>6.340%, 2/16/28<sup>(2)</sup> <br>| 789 | &nbsp;&nbsp; 790 |

---

---

| | | |
|:---|:---|:---|
|  | **Par Value** | **Value** |
| **Energy—continued** | **Energy—continued** |  |
| &nbsp;&nbsp;&nbsp; Whitewater DBR Holdco LLC Tranche C (3 month Term <br> SOFR + 2.250%) <br>5.938%, 3/3/31<sup>(2)</sup> <br>| $617 | &nbsp;&nbsp; $620 |
|  |  | &nbsp;&nbsp; 6692 |
| **Financials—6.2%** | **Financials—6.2%** |  |
| &nbsp;&nbsp;&nbsp; Acrisure LLC 2025, Tranche B7 (1 month Term SOFR + <br> 3.250%) <br>6.966%, 6/21/32<sup>(2)</sup> <br>| 1644 | &nbsp;&nbsp; 1643 |
| Alera Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; (1 month Term SOFR + 5.500%) <br>9.270%, 5/30/33<sup>(2)</sup> <br>| 214 | &nbsp;&nbsp; 218 |
| &nbsp;&nbsp;&nbsp; 2025 (1 month Term SOFR + 3.250%) <br>6.966%, 5/30/32<sup>(2)</sup> <br>| 234 | &nbsp;&nbsp; 236 |
| &nbsp;&nbsp;&nbsp; AmWINS Group, Inc. (1 month Term SOFR + 2.250%) <br>5.966%, 1/30/32<sup>(2)</sup> <br>| 852 | &nbsp;&nbsp; 854 |
| &nbsp;&nbsp;&nbsp; Ardonagh Group Finco Pty Ltd. 2025, Tranche B (3-6 <br> month Term SOFR + 2.750%) <br>6.422% - 6.950%, 2/15/31<sup>(2)</sup> <br>| 679 | &nbsp;&nbsp; 677 |
| &nbsp;&nbsp;&nbsp; Asurion LLC Tranche B-3, Second Lien (1 month Term <br> SOFR + 5.364%) <br>9.081%, 1/31/28<sup>(2)</sup> <br>| 485 | &nbsp;&nbsp; 483 |
| &nbsp;&nbsp;&nbsp; BroadStreet Partners, Inc. 2024, Tranche B (1 month <br> Term SOFR + 2.750%) <br>6.466%, 6/13/31<sup>(2)</sup> <br>| 548 | &nbsp;&nbsp; 549 |
| &nbsp;&nbsp;&nbsp; Citadel Securities LP 2024 (3 month Term SOFR + <br> 2.000%) <br>5.672%, 10/31/31<sup>(2)</sup> <br>| 630 | &nbsp;&nbsp; 633 |
| &nbsp;&nbsp;&nbsp; Finco I LLC 2025 (1 month Term SOFR + 1.750%) <br>5.466%, 6/27/29<sup>(2)</sup> <br>| 860 | &nbsp;&nbsp; 861 |
| &nbsp;&nbsp;&nbsp; Focus Financial Partners LLC Tranche B (1 month Term <br> SOFR + 2.500%) <br>6.216%, 9/15/31<sup>(2)</sup> <br>| 617 | &nbsp;&nbsp; 618 |
| &nbsp;&nbsp;&nbsp; HUB International Ltd. 2025 (3 month Term SOFR + <br> 2.250%) <br>6.120%, 6/20/30<sup>(2)</sup> <br>| 586 | &nbsp;&nbsp; 589 |
| &nbsp;&nbsp;&nbsp; Pac Dac LLC (3 month Term SOFR + 3.250%) <br>7.108%, 10/28/30<sup>(2)</sup> <br>| 840 | &nbsp;&nbsp; 831 |
| &nbsp;&nbsp;&nbsp; PEX Holdings LLC (3 month Term SOFR + 2.750%) <br>6.422%, 11/20/31<sup>(2)</sup> <br>| 725 | &nbsp;&nbsp; 724 |
| &nbsp;&nbsp;&nbsp; Trucordia Insurance Holdings LLC 2025, Tranche B, First <br> Lien (1 month Term SOFR + 3.250%) <br>6.966%, 6/17/32<sup>(2)</sup> <br>| 364 | &nbsp;&nbsp; 361 |
| &nbsp;&nbsp;&nbsp; Truist Insurance Holdings LLC 2024, Tranche B (3 month <br> Term SOFR + 2.750%) <br>6.422%, 5/6/31<sup>(2)</sup> <br>| 700 | &nbsp;&nbsp; 700 |
|  |  | &nbsp;&nbsp; 9977 |
| **Food / Tobacco—4.2%** | **Food / Tobacco—4.2%** |  |
| &nbsp;&nbsp;&nbsp; Aspire Bakeries Holdings LLC (1 month Term SOFR + <br> 3.500%) <br>7.221%, 12/23/30<sup>(2)</sup> <br>| 321 | &nbsp;&nbsp; 322 |
| &nbsp;&nbsp;&nbsp; CHG PPC Parent LLC 2021 (1 month Term SOFR + <br> 3.114%) <br>6.831%, 12/8/28<sup>(2)</sup> <br>| 573 | &nbsp;&nbsp; 574 |
| &nbsp;&nbsp;&nbsp; Chobani LLC 2025, Tranche B, First Lien (1 month Term <br> SOFR + 2.250%) <br>5.966%, 10/22/32<sup>(2)</sup> <br>| 385 | &nbsp;&nbsp; 387 |
| &nbsp;&nbsp;&nbsp; Del Monte Foods Corp. II, Inc. (1 month Term SOFR + <br> 9.600%) <br>13.350%, 4/2/26<sup>(2)</sup> <br>| 182 | &nbsp;&nbsp; 173 |

---

See Notes to Schedule of Investments

------

**VIRTUS Newfleet Senior Floating Rate Fund**

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

**December 31, 2025**

($ reported in thousands)

---

| | | |
|:---|:---|:---|
|  | **Par Value** | **Value** |
| **Food / Tobacco—continued** | **Food / Tobacco—continued** |  |
| Del Monte Foods, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; (1 month Term SOFR + 9.600%) <br>13.336%, 4/2/26<sup>(2)</sup> <br>| $269 | &nbsp;&nbsp; $218 |
| &nbsp;&nbsp;&nbsp; (3 month Term SOFR + 4.900%) <br>8.605%, 8/2/28<sup>(5)</sup> <br>| 795 | &nbsp;&nbsp; 8 |
| &nbsp;&nbsp;&nbsp; (3 month Term SOFR + 8.150%) <br>11.923%, 8/2/28<sup>(5)</sup> <br>| 152 | &nbsp;&nbsp; 70 |
| &nbsp;&nbsp;&nbsp; (3-6 month Term SOFR + 4.400%) <br>8.105% - 8.173%, 8/2/28<sup>(3)(5)</sup> <br>| 345 | &nbsp;&nbsp; 10 |
| &nbsp;&nbsp;&nbsp; Froneri International Ltd. Tranche B-4 (6 month Term <br> SOFR + 2.250%) <br>6.447%, 9/30/31<sup>(2)</sup> <br>| 1367 | &nbsp;&nbsp; 1366 |
| &nbsp;&nbsp;&nbsp; Pegasus Bidco B.V. 2025 (3 month Term SOFR + <br> 2.750%) <br>6.602%, 7/12/29<sup>(2)</sup> <br>| 843 | &nbsp;&nbsp; 844 |
| &nbsp;&nbsp;&nbsp; Red SPV LLC (1 month Term SOFR + 2.250%) <br>5.984%, 3/15/32<sup>(2)</sup> <br>| 627 | &nbsp;&nbsp; 627 |
| &nbsp;&nbsp;&nbsp; Sazerac Co., Inc. Tranche B-1 (1 month Term SOFR + <br> 2.500%) <br>6.280%, 7/9/32<sup>(2)</sup> <br>| 339 | &nbsp;&nbsp; 339 |
| &nbsp;&nbsp;&nbsp; Sigma Holdco B.V. Tranche B-12 (3 month Term SOFR + <br> 3.910%) <br>7.649%, 1/3/28<sup>(2)</sup> <br>| 549 | &nbsp;&nbsp; 529 |
| &nbsp;&nbsp;&nbsp; Snacking Investments Bidco Pty Ltd. (3 month Term <br> SOFR + 3.000%) <br>6.838%, 10/12/32<sup>(2)</sup> <br>| 140 | &nbsp;&nbsp; 141 |
| &nbsp;&nbsp;&nbsp; Triton Water Holdings, Inc. 2025 (3 month Term SOFR + <br> 2.250%) <br>5.922%, 3/31/28<sup>(2)</sup> <br>| 1047 | &nbsp;&nbsp; 1049 |
|  |  | &nbsp;&nbsp; 6657 |
| **Food and Drug—0.8%** | **Food and Drug—0.8%** |  |
| &nbsp;&nbsp;&nbsp; Dechra Pharmaceuticals Holdings Ltd. Tranche B-1 (6 <br> month Term SOFR + 3.000%) <br>7.197%, 1/27/32<sup>(2)</sup> <br>| 516 | &nbsp;&nbsp; 519 |
| &nbsp;&nbsp;&nbsp; Opal Bidco SAS 2025, Tranche B, First Lien (3 month <br> Term SOFR + 3.000%) <br>6.686%, 4/28/32<sup>(2)</sup> <br>| 783 | &nbsp;&nbsp; 787 |
|  |  | &nbsp;&nbsp; 1306 |
| **Forest Prod / Containers—1.1%** | **Forest Prod / Containers—1.1%** |  |
| &nbsp;&nbsp;&nbsp; Clydesdale Acquisition Holdings, Inc. Tranche B (1 <br> month Term SOFR + 3.175%) <br>6.891%, 4/13/29<sup>(2)</sup> <br>| 1007 | &nbsp;&nbsp; 1008 |
| &nbsp;&nbsp;&nbsp; Klockner Pentaplast of America, Inc. Tranche B (5 month <br> Term SOFR + 4.975%) <br>9.019%, 2/12/26<sup>(5)</sup> <br>| 989 | &nbsp;&nbsp; 160 |
| &nbsp;&nbsp;&nbsp; TricorBraun, Inc. (1 month Term SOFR + 3.250%) <br>6.966%, 3/3/31<sup>(2)</sup> <br>| 540 | &nbsp;&nbsp; 521 |
|  |  | &nbsp;&nbsp; 1689 |
| **Gaming / Leisure—5.9%** | **Gaming / Leisure—5.9%** |  |
| &nbsp;&nbsp;&nbsp; Caesars Entertainment, Inc. Tranche B (1 month Term <br> SOFR + 2.250%) <br>5.966%, 2/6/30<sup>(2)</sup> <br>| 573 | &nbsp;&nbsp; 568 |
| &nbsp;&nbsp;&nbsp; Catawba Nation Gaming Authority Tranche B (1 month <br> Term SOFR + 4.750%) <br>8.466%, 3/29/32<sup>(2)</sup> <br>| 375 | &nbsp;&nbsp; 383 |

---

---

| | | |
|:---|:---|:---|
|  | **Par Value** | **Value** |
| **Gaming / Leisure—continued** | **Gaming / Leisure—continued** |  |
| Entain plc |  |  |
| &nbsp;&nbsp;&nbsp; Tranche B-5 (2 month Term SOFR + 2.250%) <br>5.922%, 7/30/32<sup>(2)</sup> <br>| $190 | &nbsp;&nbsp; $188 |
| &nbsp;&nbsp;&nbsp; Tranche B-6 (2 month Term SOFR + 2.250%) <br>5.922%, 10/31/29<sup>(2)</sup> <br>| 276 | &nbsp;&nbsp; 275 |
| &nbsp;&nbsp;&nbsp; Fertitta Entertainment LLC Tranche B (1 month Term <br> SOFR + 3.250%) <br>6.966%, 1/27/29<sup>(2)</sup> <br>| 597 | &nbsp;&nbsp; 597 |
| &nbsp;&nbsp;&nbsp; Flutter Entertainment plc Tranche B (3 month Term SOFR <br> + 2.000%) <br>5.672%, 6/4/32<sup>(2)</sup> <br>| 1129 | &nbsp;&nbsp; 1129 |
| &nbsp;&nbsp;&nbsp; J&J Ventures Gaming LLC 2025, Tranche B (1 month <br> Term SOFR + 3.500%) <br>7.216%, 4/26/30<sup>(2)</sup> <br>| 407 | &nbsp;&nbsp; 404 |
| &nbsp;&nbsp;&nbsp; Life Time, Inc. 2025, Tranche B, First Lien (1 month Term <br> SOFR + 2.000%) <br>5.784%, 11/5/31<sup>(2)</sup> <br>| 774 | &nbsp;&nbsp; 777 |
| &nbsp;&nbsp;&nbsp; Light & Wonder International, Inc. Tranche B-2 (1 month <br> Term SOFR + 2.250%) <br>5.986%, 4/14/29<sup>(2)</sup> <br>| 717 | &nbsp;&nbsp; 719 |
| &nbsp;&nbsp;&nbsp; Live Nation Entertainment, Inc. Tranche B (1 month Term <br> SOFR + 2.000%) <br>5.734%, 10/21/32<sup>(2)</sup> <br>| 315 | &nbsp;&nbsp; 315 |
| &nbsp;&nbsp;&nbsp; Motion Finco LLC Tranche B-3 (3 month Term SOFR + <br> 3.500%) <br>7.172%, 11/12/29<sup>(2)</sup> <br>| 618 | &nbsp;&nbsp; 547 |
| &nbsp;&nbsp;&nbsp; Ontario Gaming GTA Ltd. Partnership Tranche B (3 <br> month Term SOFR + 4.250%) <br>7.922%, 8/1/30<sup>(2)</sup> <br>| 608 | &nbsp;&nbsp; 561 |
| &nbsp;&nbsp;&nbsp; Playtika Holding Corp. Tranche B-1 (1 month Term SOFR <br> + 2.864%) <br>6.581%, 3/13/28<sup>(2)</sup> <br>| 920 | &nbsp;&nbsp; 887 |
| &nbsp;&nbsp;&nbsp; Scientific Games Holdings LP 2024 (3 month Term SOFR <br> + 3.000%) <br>6.934%, 4/4/29<sup>(2)</sup> <br>| 508 | &nbsp;&nbsp; 498 |
| &nbsp;&nbsp;&nbsp; Turquoise Topco Ltd. <br>0.000%, 12/30/32<sup>(2)(6)</sup> <br>| 730 | &nbsp;&nbsp; 720 |
| &nbsp;&nbsp;&nbsp; UFC Holdings LLC Tranche B-5 (3 month Term SOFR + <br> 2.000%) <br>5.868%, 11/21/31<sup>(2)</sup> <br>| 862 | &nbsp;&nbsp; 865 |
|  |  | &nbsp;&nbsp; 9433 |
| **Health Care—10.5%** | **Health Care—10.5%** |  |
| &nbsp;&nbsp;&nbsp; Agiliti Health, Inc. 2023, Tranche B (3 month Term SOFR <br> + 3.000%) <br>6.861%, 5/1/30<sup>(2)</sup> <br>| 481 | &nbsp;&nbsp; 471 |
| &nbsp;&nbsp;&nbsp; Amneal Pharmaceuticals LLC (1 month Term SOFR + <br> 3.500%) <br>7.216%, 8/2/32<sup>(2)</sup> <br>| 264 | &nbsp;&nbsp; 266 |
| &nbsp;&nbsp;&nbsp; Argent Finco LLC <br>0.000%, 11/12/32<sup>(2)(6)</sup> <br>| 105 | &nbsp;&nbsp; 106 |
| &nbsp;&nbsp;&nbsp; AthenaHealth Group, Inc. (1 month Term SOFR + <br> 2.750%) <br>6.466%, 2/15/29<sup>(2)</sup> <br>| 504 | &nbsp;&nbsp; 505 |
| Bausch & Lomb Corp. |  |  |
| &nbsp;&nbsp;&nbsp; (1 month Term SOFR + 4.000%) <br>7.716%, 9/29/28<sup>(2)</sup> <br>| 376 | &nbsp;&nbsp; 376 |
| &nbsp;&nbsp;&nbsp; 2025 <br>0.000%, 1/15/31<sup>(2)(6)</sup> <br>| 105 | &nbsp;&nbsp; 106 |
| &nbsp;&nbsp;&nbsp; CHG Healthcare Services, Inc. (3 month Term SOFR + <br> 2.750%) <br>6.590%, 9/29/28<sup>(2)</sup> <br>| 863 | &nbsp;&nbsp; 867 |

---

See Notes to Schedule of Investments

------

**VIRTUS Newfleet Senior Floating Rate Fund**

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

**December 31, 2025**

($ reported in thousands)

---

| | | |
|:---|:---|:---|
|  | **Par Value** | **Value** |
| **Health Care—continued** | **Health Care—continued** |  |
| &nbsp;&nbsp;&nbsp; Cotiviti, Inc. (1 month Term SOFR + 2.750%) <br>6.623%, 5/1/31<sup>(2)</sup> <br>| $528 | &nbsp;&nbsp; $506 |
| &nbsp;&nbsp;&nbsp; Endo Finance Holdings, Inc. Tranche B (1 month Term <br> SOFR + 3.750%) <br>7.466%, 4/23/31<sup>(2)</sup> <br>| 168 | &nbsp;&nbsp; 166 |
| &nbsp;&nbsp;&nbsp; Financiere Mendel (3 month Term SOFR + 2.750%) <br>6.593%, 11/8/30<sup>(2)</sup> <br>| 139 | &nbsp;&nbsp; 139 |
| &nbsp;&nbsp;&nbsp; Gainwell Acquisition Corp. Tranche B (3 month Term <br> SOFR + 4.100%) <br>7.772%, 10/1/27<sup>(2)</sup> <br>| 927 | &nbsp;&nbsp; 909 |
| &nbsp;&nbsp;&nbsp; Genmab A/S Tranche B (3 month Term SOFR + 3.000%) <br>6.733%, 12/12/32<sup>(2)</sup> <br>| 95 | &nbsp;&nbsp; 95 |
| &nbsp;&nbsp;&nbsp; Global Medical Response, Inc. (3 month Term SOFR + <br> 3.500%) <br>7.384%, 10/1/32<sup>(2)</sup> <br>| 694 | &nbsp;&nbsp; 698 |
| &nbsp;&nbsp;&nbsp; Grifols Worldwide Operations USA, Inc. Tranche B (3 <br> month Term SOFR + 2.150%) <br>5.972%, 11/15/27<sup>(2)</sup> <br>| 700 | &nbsp;&nbsp; 700 |
| Hanger, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; (1 month Term SOFR + 3.500%) <br>7.216%, 10/23/31<sup>(2)</sup> <br>| 45 | &nbsp;&nbsp; 45 |
| &nbsp;&nbsp;&nbsp; (1 month Term SOFR + 3.500%) <br>7.216%, 10/23/31<sup>(2)</sup> <br>| 586 | &nbsp;&nbsp; 587 |
| &nbsp;&nbsp;&nbsp; Heartland Dental LLC 2025 (1 month Term SOFR + <br> 3.750%) <br>7.466%, 8/25/32<sup>(2)</sup> <br>| 502 | &nbsp;&nbsp; 504 |
| &nbsp;&nbsp;&nbsp; Hunter Holdco 3 Ltd. First Lien (3 month Term SOFR + <br> 4.350%) <br>8.022%, 8/21/28<sup>(2)</sup> <br>| 467 | &nbsp;&nbsp; 454 |
| &nbsp;&nbsp;&nbsp; IVC Acquisition Ltd. Tranche B-12 (3 month Term SOFR + <br> 3.750%) <br>7.422%, 12/12/28<sup>(2)</sup> <br>| 850 | &nbsp;&nbsp; 855 |
| LifePoint Health, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; Tranche B (3 month Term SOFR + 3.750%) <br>7.655%, 5/16/31<sup>(2)</sup> <br>| 321 | &nbsp;&nbsp; 322 |
| &nbsp;&nbsp;&nbsp; Tranche B-2 (1 month Term SOFR + 3.500%) <br>7.335%, 5/16/31<sup>(2)</sup> <br>| 133 | &nbsp;&nbsp; 133 |
| &nbsp;&nbsp;&nbsp; Lumexa Imaging, Inc. <br>0.000%, 12/13/32<sup>(2)(6)</sup> <br>| 210 | &nbsp;&nbsp; 211 |
| &nbsp;&nbsp;&nbsp; Medline Borrower LP 2030 (1 month Term SOFR + <br> 1.750%) <br>5.466%, 10/23/30<sup>(2)</sup> <br>| 1245 | &nbsp;&nbsp; 1249 |
| &nbsp;&nbsp;&nbsp; Modivcare, Inc. (3 month Term SOFR + 6.750%) <br>10.752%, 7/1/31<sup>(4)</sup> <br>| 158 | &nbsp;&nbsp; 60 |
| &nbsp;&nbsp;&nbsp; Paradigm Parent LLC <br>0.000%, 4/16/32<sup>(2)(6)</sup> <br>| 180 | &nbsp;&nbsp; 158 |
| &nbsp;&nbsp;&nbsp; Parexel International, Inc. Tranche B (1 month Term <br> SOFR + 2.750%) <br>6.466%, 12/9/31<sup>(2)</sup> <br>| 714 | &nbsp;&nbsp; 716 |
| &nbsp;&nbsp;&nbsp; Phoenix Guarantor, Inc. Tranche B-5 (1 month Term <br> SOFR + 2.500%) <br>6.216%, 2/21/31<sup>(2)</sup> <br>| 876 | &nbsp;&nbsp; 880 |
| &nbsp;&nbsp;&nbsp; PointClickCare Technologies 2025, Tranche B, First Lien <br> (3 month Term SOFR + 2.750%) <br>6.422%, 11/3/31<sup>(2)</sup> <br>| 283 | &nbsp;&nbsp; 283 |
| &nbsp;&nbsp;&nbsp; Radiology Partners, Inc. Tranche B (3 month Term SOFR <br> + 4.500%) <br>8.172%, 6/30/32<sup>(2)</sup> <br>| 529 | &nbsp;&nbsp; 527 |
| &nbsp;&nbsp;&nbsp; Select Medical Corp. Tranche B-2 (1 month Term SOFR + <br> 2.000%) <br>5.716%, 12/3/31<sup>(2)</sup> <br>| 698 | &nbsp;&nbsp; 696 |

---

---

| | | |
|:---|:---|:---|
|  | **Par Value** | **Value** |
| **Health Care—continued** | **Health Care—continued** |  |
| &nbsp;&nbsp;&nbsp; Sharp Services LLC Tranche E (3 month Term SOFR + <br> 3.000%) <br>6.672%, 9/29/32<sup>(2)</sup> <br>| $270 | &nbsp;&nbsp; $271 |
| &nbsp;&nbsp;&nbsp; Southern Veterinary Partners LLC 2025 (3 month Term <br> SOFR + 2.500%) <br>6.365%, 12/4/31<sup>(2)</sup> <br>| 867 | &nbsp;&nbsp; 865 |
| &nbsp;&nbsp;&nbsp; Star Parent, Inc. Tranche B (3 month Term SOFR + <br> 4.000%) <br>7.672%, 9/27/30<sup>(2)</sup> <br>| 662 | &nbsp;&nbsp; 662 |
| &nbsp;&nbsp;&nbsp; Surgery Center Holdings, Inc. 2025 (1 month Term SOFR <br> + 2.500%) <br>6.216%, 12/19/30<sup>(2)</sup> <br>| 624 | &nbsp;&nbsp; 627 |
| &nbsp;&nbsp;&nbsp; Upstream Newco, Inc. 2025 (3 month Term SOFR + <br> 4.512%) <br>8.179%, 11/20/29<sup>(2)</sup> <br>| 255 | &nbsp;&nbsp; 226 |
| &nbsp;&nbsp;&nbsp; Viant Medical Holdings, Inc. Tranche B (1 month Term <br> SOFR + 4.000%) <br>7.716%, 10/29/31<sup>(2)</sup> <br>| 579 | &nbsp;&nbsp; 572 |
|  |  | &nbsp;&nbsp; 16813 |
| **Housing—2.5%** | **Housing—2.5%** |  |
| &nbsp;&nbsp;&nbsp; Chariot Buyer LLC 2025, Tranche B (1 month Term SOFR <br> + 2.750%) <br>6.466%, 9/8/32<sup>(2)</sup> <br>| 888 | &nbsp;&nbsp; 889 |
| Cornerstone Building Brands, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; Tranche B (1 month Term SOFR + 3.250%) <br>7.100%, 4/12/28<sup>(2)</sup> <br>| 378 | &nbsp;&nbsp; 295 |
| &nbsp;&nbsp;&nbsp; Tranche C (1 month Term SOFR + 4.500%) <br>8.250%, 5/15/31<sup>(2)</sup> <br>| 310 | &nbsp;&nbsp; 218 |
| &nbsp;&nbsp;&nbsp; Green Infrastructure Partners, Inc. (3 month Term SOFR <br> + 2.750%) <br>6.422%, 9/24/32<sup>(2)</sup> <br>| 270 | &nbsp;&nbsp; 270 |
| &nbsp;&nbsp;&nbsp; Hunter Douglas Holding B.V. Tranche B-1 (3 month Term <br> SOFR + 3.000%) <br>6.672% - 7.002%, 1/17/32<sup>(2)</sup> <br>| 475 | &nbsp;&nbsp; 477 |
| &nbsp;&nbsp;&nbsp; LBM Acquisition LLC Tranche B (1 month Term SOFR + <br> 3.850%) <br>7.584%, 6/6/31<sup>(2)</sup> <br>| 529 | &nbsp;&nbsp; 495 |
| Quikrete Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 2029, Tranche B (1 month Term SOFR + 2.250%) <br>5.966%, 3/19/29<sup>(2)</sup> <br>| 798 | &nbsp;&nbsp; 801 |
| &nbsp;&nbsp;&nbsp; Tranche B-3 (1 month Term SOFR + 2.250%) <br>5.966%, 2/10/32<sup>(2)</sup> <br>| 506 | &nbsp;&nbsp; 507 |
|  |  | &nbsp;&nbsp; 3952 |
| **Information Technology—11.8%** | **Information Technology—11.8%** |  |
| Applied Systems, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 2024, Second Lien (3 month Term SOFR + 4.500%) <br>8.172%, 2/23/32<sup>(2)</sup> <br>| 90 | &nbsp;&nbsp; 91 |
| &nbsp;&nbsp;&nbsp; Tranche B-1 (3 month Term SOFR + 2.500%) <br>6.172%, 2/24/31<sup>(2)</sup> <br>| 1955 | &nbsp;&nbsp; 1966 |
| &nbsp;&nbsp;&nbsp; BMC Software 2031 (3 month Term SOFR + 3.000%) <br>6.822%, 7/30/31<sup>(2)</sup> <br>| 598 | &nbsp;&nbsp; 596 |
| &nbsp;&nbsp;&nbsp; Central Parent LLC 2024 (3 month Term SOFR + 3.250%) <br>6.922%, 7/6/29<sup>(2)</sup> <br>| 766 | &nbsp;&nbsp; 647 |
| &nbsp;&nbsp;&nbsp; Cloud Software Group, Inc. Tranche B-2 (1-3 month Term <br> SOFR + 3.250%) <br>6.922%, 3/21/31<sup>(2)</sup> <br>| 595 | &nbsp;&nbsp; 596 |
| &nbsp;&nbsp;&nbsp; ConnectWise LLC (3 month Term SOFR + 3.762%) <br>7.434%, 9/29/28<sup>(2)</sup> <br>| 1081 | &nbsp;&nbsp; 1060 |

---

See Notes to Schedule of Investments

------

**VIRTUS Newfleet Senior Floating Rate Fund**

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

**December 31, 2025**

($ reported in thousands)

---

| | | |
|:---|:---|:---|
|  | **Par Value** | **Value** |
| **Information Technology—continued** | **Information Technology—continued** |  |
| &nbsp;&nbsp;&nbsp; Cornerstone OnDemand, Inc. <br>0.000%, 10/16/28<sup>(2)(6)</sup> <br>| $259 | &nbsp;&nbsp; $237 |
| &nbsp;&nbsp;&nbsp; Delivery Hero SE Tranche B (3 month Term SOFR + <br> 5.000%) <br>8.843%, 12/12/29<sup>(2)</sup> <br>| 661 | &nbsp;&nbsp; 662 |
| &nbsp;&nbsp;&nbsp; ECL Entertainment LLC 2025, Tranche B (1 month Term <br> SOFR + 3.000%) <br>6.716%, 8/30/30<sup>(2)</sup> <br>| 752 | &nbsp;&nbsp; 749 |
| &nbsp;&nbsp;&nbsp; Epicor Software Corp. Tranche F (1 month Term SOFR + <br> 2.500%) <br>6.216%, 5/30/31<sup>(2)</sup> <br>| 805 | &nbsp;&nbsp; 807 |
| &nbsp;&nbsp;&nbsp; Genesys Cloud Services Holdings II LLC 2025 (1 month <br> Term SOFR + 2.500%) <br>6.216%, 1/30/32<sup>(2)</sup> <br>| 730 | &nbsp;&nbsp; 728 |
| &nbsp;&nbsp;&nbsp; Icon Parent I, Inc. 2025 (3 month Term SOFR + 2.750%) <br>6.445%, 11/13/31<sup>(2)</sup> <br>| 673 | &nbsp;&nbsp; 673 |
| &nbsp;&nbsp;&nbsp; Indicor LLC Tranche D (3 month Term SOFR + 2.750%) <br>6.422%, 11/22/29<sup>(2)</sup> <br>| 1086 | &nbsp;&nbsp; 1092 |
| &nbsp;&nbsp;&nbsp; Ion Platform Finance U.S., Inc. (3 month Term SOFR + <br> 3.750%) <br>7.422%, 10/7/32<sup>(2)</sup> <br>| 660 | &nbsp;&nbsp; 618 |
| &nbsp;&nbsp;&nbsp; Iron Mountain Information Management LLC Tranche B <br> (1 month Term SOFR + 2.000%) <br>5.716%, 1/31/31<sup>(2)</sup> <br>| 848 | &nbsp;&nbsp; 847 |
| &nbsp;&nbsp;&nbsp; NCR Atleos LLC Tranche B (1 month Term SOFR + <br> 3.000%) <br>6.701%, 4/16/29<sup>(2)</sup> <br>| 414 | &nbsp;&nbsp; 415 |
| &nbsp;&nbsp;&nbsp; Project Ruby Ultimate Parent Corp. Tranche B-5 (1 <br> month Term SOFR + 2.864%) <br>6.581%, 3/10/28<sup>(2)</sup> <br>| 928 | &nbsp;&nbsp; 930 |
| &nbsp;&nbsp;&nbsp; Proofpoint, Inc. 2025, Tranche B, First Lien (3 month <br> Term SOFR + 3.000%) <br>6.672%, 8/31/28<sup>(2)</sup> <br>| 1107 | &nbsp;&nbsp; 1112 |
| &nbsp;&nbsp;&nbsp; RealPage, Inc. First Lien (3 month Term SOFR + 3.262%) <br>6.934%, 4/24/28<sup>(2)</sup> <br>| 460 | &nbsp;&nbsp; 459 |
| &nbsp;&nbsp;&nbsp; Rocket Software, Inc. (1 month Term SOFR + 3.750%) <br>7.466%, 11/28/28<sup>(2)</sup> <br>| 642 | &nbsp;&nbsp; 642 |
| &nbsp;&nbsp;&nbsp; Shift4 Payments LLC (3 month Term SOFR + 2.500%) <br>6.172%, 6/30/32<sup>(2)</sup> <br>| 160 | &nbsp;&nbsp; 161 |
| &nbsp;&nbsp;&nbsp; SS&C Technologies Holdings, Inc. Tranche B-8 (1 month <br> Term SOFR + 2.000%) <br>5.716%, 5/9/31<sup>(2)</sup> <br>| 300 | &nbsp;&nbsp; 302 |
| &nbsp;&nbsp;&nbsp; Trio Bidco, Inc. Tranche B (3 month Term SOFR + <br> 4.000%) <br>7.672%, 10/29/32<sup>(2)</sup> <br>| 592 | &nbsp;&nbsp; 593 |
| &nbsp;&nbsp;&nbsp; UKG, Inc. Tranche B (3 month Term SOFR + 2.500%) <br>6.338%, 2/10/31<sup>(2)</sup> <br>| 1672 | &nbsp;&nbsp; 1673 |
| &nbsp;&nbsp;&nbsp; Vertiv Group Corp. Tranche B-4 (1 month Term SOFR + <br> 1.750%) <br>5.614%, 8/12/32<sup>(2)</sup> <br>| 1181 | &nbsp;&nbsp; 1186 |
|  |  | &nbsp;&nbsp; 18842 |
| **Manufacturing—5.8%** | **Manufacturing—5.8%** |  |
| &nbsp;&nbsp;&nbsp; Alliance Laundry Systems LLC Tranche B (1-3 month <br> Term SOFR + 2.250%) <br>5.984% - 6.107%, 8/19/31<sup>(2)</sup> <br>| 431 | &nbsp;&nbsp; 432 |
| &nbsp;&nbsp;&nbsp; Arcline FM Holdings LLC 2025 (3 month Term SOFR + <br> 2.750%) <br>6.422%, 6/24/30<sup>(2)</sup> <br>| 1053 | &nbsp;&nbsp; 1057 |
| &nbsp;&nbsp;&nbsp; Chart Industries, Inc. 2024, Tranche B (3 month Term <br> SOFR + 2.500%) <br>6.476%, 3/15/30<sup>(2)</sup> <br>| 598 | &nbsp;&nbsp; 600 |

---

---

| | | |
|:---|:---|:---|
|  | **Par Value** | **Value** |
| **Manufacturing—continued** | **Manufacturing—continued** |  |
| &nbsp;&nbsp;&nbsp; Construction Partners, Inc. (1 month Term SOFR + <br> 2.500%) <br>6.216%, 11/3/31<sup>(2)</sup> <br>| $986 | &nbsp;&nbsp; $992 |
| &nbsp;&nbsp;&nbsp; CPM Holdings, Inc. (1 month Term SOFR + 4.500%) <br>8.343%, 9/28/28<sup>(2)</sup> <br>| 592 | &nbsp;&nbsp; 589 |
| &nbsp;&nbsp;&nbsp; Cube Industrials Buyer, Inc. (3 month Term SOFR + <br> 3.000%) <br>6.911%, 10/17/31<sup>(2)</sup> <br>| 491 | &nbsp;&nbsp; 494 |
| &nbsp;&nbsp;&nbsp; Dynamo U.S. Bidco, Inc. Tranche B-1 (1 month Term <br> SOFR + 3.250%) <br>7.093%, 9/30/31<sup>(2)</sup> <br>| 148 | &nbsp;&nbsp; 149 |
| &nbsp;&nbsp;&nbsp; Gates Corp. Tranche B-5 (1 month Term SOFR + 1.750%) <br>5.466%, 6/4/31<sup>(2)</sup> <br>| 545 | &nbsp;&nbsp; 546 |
| &nbsp;&nbsp;&nbsp; Glatfelter Corp. Tranche B (3 month Term SOFR + <br> 4.250%) <br>8.072%, 11/4/31<sup>(2)</sup> <br>| 330 | &nbsp;&nbsp; 327 |
| &nbsp;&nbsp;&nbsp; Innio Group Holding GmbH Tranche B-2 (3 month Term <br> SOFR + 2.250%) <br>6.134%, 11/2/28<sup>(2)</sup> <br>| 485 | &nbsp;&nbsp; 486 |
| &nbsp;&nbsp;&nbsp; LSF12 Crown U.S. Commercial Bidco LLC 2025 (1 month <br> Term SOFR + 3.500%) <br>7.373%, 12/2/31<sup>(2)</sup> <br>| 792 | &nbsp;&nbsp; 796 |
| Madison IAQ LLC |  |  |
| &nbsp;&nbsp;&nbsp; (6 month Term SOFR + 2.500%) <br>6.702%, 6/21/28<sup>(2)</sup> <br>| 923 | &nbsp;&nbsp; 927 |
| &nbsp;&nbsp;&nbsp; 2025 (1 month Term SOFR + 2.750%) <br>6.637%, 11/8/32<sup>(2)</sup> <br>| 272 | &nbsp;&nbsp; 274 |
| &nbsp;&nbsp;&nbsp; MV Holding GmbH Tranche B (1 month Term SOFR + <br> 2.000%) <br>5.721%, 3/17/32<sup>(2)</sup> <br>| 617 | &nbsp;&nbsp; 618 |
| &nbsp;&nbsp;&nbsp; Tiger Acquisition LLC Tranche B (1 month Term SOFR + <br> 2.500%) <br>6.230%, 8/23/32<sup>(2)</sup> <br>| 524 | &nbsp;&nbsp; 525 |
| &nbsp;&nbsp;&nbsp; TK Elevator Midco GmbH Tranche B (6 month Term SOFR <br> + 2.750%) <br>6.947%, 4/30/30<sup>(2)</sup> <br>| 511 | &nbsp;&nbsp; 514 |
|  |  | &nbsp;&nbsp; 9326 |
| **Media / Telecom - Broadcasting—3.2%** | **Media / Telecom - Broadcasting—3.2%** |  |
| &nbsp;&nbsp;&nbsp; CMG Media Corp. (3 month Term SOFR + 3.600%) <br>7.272%, 6/18/29<sup>(2)</sup> <br>| 1235 | &nbsp;&nbsp; 1149 |
| &nbsp;&nbsp;&nbsp; EOC Borrower LLC Tranche B (1 month Term SOFR + <br> 3.000%) <br>6.716%, 3/24/32<sup>(2)</sup> <br>| 627 | &nbsp;&nbsp; 630 |
| &nbsp;&nbsp;&nbsp; Gray Television, Inc. Tranche D (1 month Term SOFR + <br> 3.000%) <br>6.987%, 12/1/28<sup>(2)</sup> <br>| 757 | &nbsp;&nbsp; 758 |
| &nbsp;&nbsp;&nbsp; Nexstar Media, Inc. Tranche B-5 (1 month Term SOFR + <br> 2.500%) <br>6.216%, 6/28/32<sup>(2)</sup> <br>| 553 | &nbsp;&nbsp; 555 |
| &nbsp;&nbsp;&nbsp; Sinclair Television Group, Inc. Tranche B-7 (1 month <br> Term SOFR + 4.200%) <br>7.916%, 12/31/30<sup>(2)</sup> <br>| 1067 | &nbsp;&nbsp; 965 |
| &nbsp;&nbsp;&nbsp; Univision Communications, Inc. 2024, First Lien (1 <br> month Term SOFR + 3.500%) <br>7.331%, 1/31/29<sup>(2)</sup> <br>| 1048 | &nbsp;&nbsp; 1044 |
|  |  | &nbsp;&nbsp; 5101 |

---

See Notes to Schedule of Investments

------

**VIRTUS Newfleet Senior Floating Rate Fund**

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

**December 31, 2025**

($ reported in thousands)

---

| | | |
|:---|:---|:---|
|  | **Par Value** | **Value** |
| **Media / Telecom - Cable/Wireless Video—2.5%** | **Media / Telecom - Cable/Wireless Video—2.5%** |  |
| &nbsp;&nbsp;&nbsp; Charter Communications Operating LLC Tranche B-4 (3 <br> month Term SOFR + 2.000%) <br>5.985%, 12/7/30<sup>(2)</sup> <br>| $918 | &nbsp;&nbsp; $917 |
| &nbsp;&nbsp;&nbsp; Cogeco Communications Finance USA LP Tranche B-1 (1 <br> month Term SOFR + 3.250%) <br>6.966%, 9/18/30<sup>(2)</sup> <br>| 887 | &nbsp;&nbsp; 855 |
| &nbsp;&nbsp;&nbsp; DIRECTV Financing LLC 2024, Tranche B (3 month Term <br> SOFR + 5.512%) <br>9.352%, 8/2/29<sup>(2)</sup> <br>| 1173 | &nbsp;&nbsp; 1175 |
| &nbsp;&nbsp;&nbsp; Eagle Broadband Investments LLC (3 month Term SOFR <br> + 3.262%) <br>6.934%, 11/12/27<sup>(2)</sup> <br>| 1134 | &nbsp;&nbsp; 1072 |
|  |  | &nbsp;&nbsp; 4019 |
| **Media / Telecom - Diversified Media—1.2%** | **Media / Telecom - Diversified Media—1.2%** |  |
| &nbsp;&nbsp;&nbsp; Century DE Buyer LLC 2025 (3 month Term SOFR + <br> 3.000%) <br>6.840%, 10/30/30<sup>(2)</sup> <br>| 682 | &nbsp;&nbsp; 681 |
| &nbsp;&nbsp;&nbsp; McGraw-Hill Education, Inc. 2025, Tranche B (1 month <br> Term SOFR + 2.750%) <br>6.466%, 8/6/31<sup>(2)</sup> <br>| 300 | &nbsp;&nbsp; 302 |
| &nbsp;&nbsp;&nbsp; Neptune Bidco U.S., Inc. Tranche B (3 month Term SOFR <br> + 5.100%) <br>9.012%, 4/11/29<sup>(2)</sup> <br>| 1032 | &nbsp;&nbsp; 1019 |
|  |  | &nbsp;&nbsp; 2002 |
| **Media / Telecom - Telecommunications—1.8%** | **Media / Telecom - Telecommunications—1.8%** |  |
| Altice France S.A. |  |  |
| &nbsp;&nbsp;&nbsp; Tranche B-11 (3 month Term SOFR + 4.125%) <br>8.110%, 5/1/28<sup>(2)</sup> <br>| 1001 | &nbsp;&nbsp; 987 |
| &nbsp;&nbsp;&nbsp; Tranche B-12 (3 month Term SOFR + 5.063%) <br>9.048%, 10/30/28<sup>(2)</sup> <br>| 439 | &nbsp;&nbsp; 433 |
| &nbsp;&nbsp;&nbsp; Cincinnati Bell, Inc. Tranche B-5 (1 month Term SOFR + <br> 2.250%) <br>5.966%, 11/22/28<sup>(2)</sup> <br>| 725 | &nbsp;&nbsp; 725 |
| &nbsp;&nbsp;&nbsp; Level 3 Financing, Inc. Tranche B-4 (1 month Term SOFR <br> + 3.250%) <br>6.966%, 3/29/32<sup>(2)</sup> <br>| 705 | &nbsp;&nbsp; 707 |
|  |  | &nbsp;&nbsp; 2852 |
| **Media / Telecom - Wireless Communications—0.6%** | **Media / Telecom - Wireless Communications—0.6%** |  |
| &nbsp;&nbsp;&nbsp; Viasat, Inc. (1 month Term SOFR + 4.614%) <br>8.331%, 3/2/29<sup>(2)</sup> <br>| 909 | &nbsp;&nbsp; 905 |
| **Metals / Minerals—0.3%** | **Metals / Minerals—0.3%** |  |
| &nbsp;&nbsp;&nbsp; Arsenal AIC Parent LLC 2025, Tranche B (1 month Term <br> SOFR + 2.750%) <br>6.466%, 8/18/30<sup>(2)</sup> <br>| 436 | &nbsp;&nbsp; 436 |
| **Retail—2.4%** | **Retail—2.4%** |  |
| &nbsp;&nbsp;&nbsp; CNT Holdings I Corp. 2025 (3 month Term SOFR + <br> 2.250%) <br>6.090%, 11/8/32<sup>(2)</sup> <br>| 904 | &nbsp;&nbsp; 905 |
| &nbsp;&nbsp;&nbsp; EG America LLC Tranche B-3 (3 month Term SOFR + <br> 3.500%) <br>7.322%, 2/7/28<sup>(2)</sup> <br>| 474 | &nbsp;&nbsp; 476 |
| &nbsp;&nbsp;&nbsp; Harbor Freight Tools USA, Inc. (1 month Term SOFR + <br> 2.250%) <br>5.966%, 6/11/31<sup>(2)</sup> <br>| 700 | &nbsp;&nbsp; 692 |

---

---

| | | |
|:---|:---|:---|
|  | **Par Value** | **Value** |
| **Retail—continued** | **Retail—continued** |  |
| &nbsp;&nbsp;&nbsp; Peer Holding III B.V. Tranche B (3 month Term SOFR + <br> 2.500%) <br>6.172%, 10/26/30<sup>(2)</sup> <br>| $565 | &nbsp;&nbsp; $567 |
| &nbsp;&nbsp;&nbsp; Petco Health & Wellness Co., Inc. First Lien (3 month <br> Term SOFR + 3.512%) <br>7.184%, 3/3/28<sup>(2)</sup> <br>| 538 | &nbsp;&nbsp; 532 |
| &nbsp;&nbsp;&nbsp; PetsMart LLC Tranche B (1 month Term SOFR + 4.000%) <br>7.734%, 8/18/32<sup>(2)</sup> <br>| 614 | &nbsp;&nbsp; 611 |
|  |  | &nbsp;&nbsp; 3783 |
| **Service—11.0%** | **Service—11.0%** |  |
| &nbsp;&nbsp;&nbsp; Acuren Delaware Holdco, Inc. (1 month Term SOFR + <br> 2.750%) <br>6.466%, 7/30/31<sup>(2)</sup> <br>| 218 | &nbsp;&nbsp; 219 |
| &nbsp;&nbsp;&nbsp; AlixPartners LLP 2025 (1 month Term SOFR + 2.000%) <br>5.716%, 8/12/32<sup>(2)</sup> <br>| 759 | &nbsp;&nbsp; 760 |
| &nbsp;&nbsp;&nbsp; Allied Universal Holdco LLC (1 month Term SOFR + <br> 3.250%) <br>6.966%, 8/20/32<sup>(2)</sup> <br>| 534 | &nbsp;&nbsp; 536 |
| &nbsp;&nbsp;&nbsp; Amentum Holdings LLC (1 month Term SOFR + 2.000%) <br>5.716%, 9/29/31<sup>(2)</sup> <br>| 945 | &nbsp;&nbsp; 947 |
| &nbsp;&nbsp;&nbsp; Ascend Learning LLC (1 month Term SOFR + 3.000%) <br>6.716%, 12/11/28<sup>(2)</sup> <br>| 622 | &nbsp;&nbsp; 624 |
| &nbsp;&nbsp;&nbsp; BIFM U.S. Finance LLC 2025, First Lien (1 month Term <br> SOFR + 3.250%) <br>6.966%, 5/31/28<sup>(2)</sup> <br>| 577 | &nbsp;&nbsp; 580 |
| &nbsp;&nbsp;&nbsp; BrightView Landscapes LLC Tranche B (3 month Term <br> SOFR + 2.000%) <br>5.840%, 4/20/29<sup>(2)</sup> <br>| 683 | &nbsp;&nbsp; 683 |
| &nbsp;&nbsp;&nbsp; Crisis Prevention Institute, Inc. 2024 (3 month Term <br> SOFR + 4.000%) <br>7.672%, 4/9/31<sup>(2)</sup> <br>| 351 | &nbsp;&nbsp; 348 |
| &nbsp;&nbsp;&nbsp; DG Investment Intermediate Holdings 2, Inc. (1 month <br> Term SOFR + 3.750%) <br>7.466%, 7/9/32<sup>(2)</sup> <br>| 809 | &nbsp;&nbsp; 809 |
| &nbsp;&nbsp;&nbsp; DXP Enterprises, Inc. 2025 (1 month Term SOFR + <br> 3.250%) <br>6.966%, 10/11/30<sup>(2)</sup> <br>| 588 | &nbsp;&nbsp; 592 |
| &nbsp;&nbsp;&nbsp; Ensemble RCM LLC Tranche B (3 month Term SOFR + <br> 3.000%) <br>6.840%, 8/1/29<sup>(2)</sup> <br>| 506 | &nbsp;&nbsp; 508 |
| &nbsp;&nbsp;&nbsp; Fugue Finance B.V. (3 month Term SOFR + 2.750%) <br>6.572%, 1/9/32<sup>(2)</sup> <br>| 368 | &nbsp;&nbsp; 369 |
| &nbsp;&nbsp;&nbsp; Garda World Security Corp. (1 month Term SOFR + <br> 3.000%) <br>6.750%, 2/1/29<sup>(2)</sup> <br>| 1147 | &nbsp;&nbsp; 1149 |
| &nbsp;&nbsp;&nbsp; GFL Environmental Services, Inc. (3 month Term SOFR + <br> 2.500%) <br>6.273%, 3/3/32<sup>(2)</sup> <br>| 693 | &nbsp;&nbsp; 695 |
| &nbsp;&nbsp;&nbsp; Grant Thornton Advisors LLC 2025 (1 month Term SOFR <br> + 2.750%) <br>6.466%, 6/2/31<sup>(2)</sup> <br>| 632 | &nbsp;&nbsp; 632 |
| &nbsp;&nbsp;&nbsp; Husky Injection Molding Systems Ltd. (1-3 month Term <br> SOFR + 3.750%) <br>7.466% - 7.590%, 2/15/29<sup>(2)</sup> <br>| 515 | &nbsp;&nbsp; 519 |
| &nbsp;&nbsp;&nbsp; Kuehg Corp. (3 month Term SOFR + 2.750%) <br>6.422%, 6/12/30<sup>(2)</sup> <br>| 620 | &nbsp;&nbsp; 601 |
| &nbsp;&nbsp;&nbsp; Lernen Bidco Ltd. Tranche B-3 (6 month Term SOFR + <br> 3.500%) <br>7.160%, 10/27/31<sup>(2)</sup> <br>| 555 | &nbsp;&nbsp; 556 |
| &nbsp;&nbsp;&nbsp; NAB Holdings LLC 2025 (3 month Term SOFR + 2.500%) <br>6.172%, 11/24/28<sup>(2)</sup> <br>| 1268 | &nbsp;&nbsp; 1209 |

---

See Notes to Schedule of Investments

------

**VIRTUS Newfleet Senior Floating Rate Fund**

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

**December 31, 2025**

($ reported in thousands)

---

| | | |
|:---|:---|:---|
|  | **Par Value** | **Value** |
| **Service—continued** | **Service—continued** |  |
| &nbsp;&nbsp;&nbsp; Omnia Partners LLC (3 month Term SOFR + 2.750%) <br>6.455%, 12/31/32<sup>(2)</sup> <br>| $630 | &nbsp;&nbsp; $632 |
| &nbsp;&nbsp;&nbsp; Openlane, Inc. 2025 (3 month Term SOFR + 2.500%) <br>6.365%, 10/8/32<sup>(2)</sup> <br>| 140 | &nbsp;&nbsp; 140 |
| &nbsp;&nbsp;&nbsp; Pinnacle Buyer LLC (3 month Term SOFR + 2.500%) <br>6.485%, 10/1/32<sup>(2)</sup> <br>| 305 | &nbsp;&nbsp; 306 |
| &nbsp;&nbsp;&nbsp; Prime Security Services Borrower LLC Tranche B-1 (6 <br> month Term SOFR + 2.000%) <br>6.129%, 10/13/30<sup>(2)</sup> <br>| 926 | &nbsp;&nbsp; 927 |
| &nbsp;&nbsp;&nbsp; Pye Barker Fire & Safety LLC (3 month Term SOFR + <br> 2.500%) <br>6.206%, 12/16/32<sup>(2)</sup> <br>| 91 | &nbsp;&nbsp; 92 |
| &nbsp;&nbsp;&nbsp; Sedgwick Claims Management Services, Inc. 2024 (1 <br> month Term SOFR + 2.500%) <br>6.216%, 7/31/31<sup>(2)</sup> <br>| 728 | &nbsp;&nbsp; 730 |
| &nbsp;&nbsp;&nbsp; St. George's University Scholastic Services LLC (1 month <br> Term SOFR + 2.750%) <br>6.466%, 2/10/29<sup>(2)</sup> <br>| 575 | &nbsp;&nbsp; 554 |
| &nbsp;&nbsp;&nbsp; TMF Sapphire Bidco B.V. Tranche B-4 (3 month Term <br> SOFR + 2.750%) <br>6.687%, 5/3/28<sup>(2)</sup> <br>| 408 | &nbsp;&nbsp; 409 |
| &nbsp;&nbsp;&nbsp; Trugreen Ltd. Partnership First Lien (1 month Term SOFR <br> + 4.100%) <br>7.816%, 11/2/27<sup>(2)</sup> <br>| 528 | &nbsp;&nbsp; 516 |
| &nbsp;&nbsp;&nbsp; WIN Waste Innovations Holdings, Inc. (1 month Term <br> SOFR + 2.864%) <br>6.581%, 3/24/28<sup>(2)</sup> <br>| 901 | &nbsp;&nbsp; 903 |
|  |  | &nbsp;&nbsp; 17545 |
| **Transportation - Automotive—2.3%** | **Transportation - Automotive—2.3%** |  |
| &nbsp;&nbsp;&nbsp; American Axle & Manufacturing, Inc. Tranche C <br>0.000%, 2/24/32<sup>(2)(6)</sup> <br>| 455 | &nbsp;&nbsp; 455 |
| &nbsp;&nbsp;&nbsp; Belron Finance 2019 LLC 2031 (3 month Term SOFR + <br> 2.250%) <br>6.120%, 10/16/31<sup>(2)</sup> <br>| 834 | &nbsp;&nbsp; 838 |
| &nbsp;&nbsp;&nbsp; Clarios Global LP 2024, Tranche B (1 month Term SOFR <br> + 2.500%) <br>6.216%, 5/6/30<sup>(2)</sup> <br>| 1062 | &nbsp;&nbsp; 1063 |
| &nbsp;&nbsp;&nbsp; Mavis Tire Express Services Topco Corp. 2025, First Lien <br> (1 month Term SOFR + 3.000%) <br>6.716%, 5/4/28<sup>(2)</sup> <br>| 556 | &nbsp;&nbsp; 557 |
| &nbsp;&nbsp;&nbsp; Wand NewCo 3, Inc. Tranche B-2 (1 month Term SOFR + <br> 2.500%) <br>6.216%, 1/30/31<sup>(2)</sup> <br>| 691 | &nbsp;&nbsp; 691 |
|  |  | &nbsp;&nbsp; 3604 |
| **Utilities—4.7%** | **Utilities—4.7%** |  |
| &nbsp;&nbsp;&nbsp; Astoria Energy LLC Tranche B (1-3 month Term SOFR + <br> 2.750%) <br>6.422% - 6.466%, 6/23/32<sup>(2)</sup> <br>| 511 | &nbsp;&nbsp; 514 |
| &nbsp;&nbsp;&nbsp; Calpine Corp. Tranche B-10 (1 month Term SOFR + <br> 1.750%) <br>5.466%, 1/31/31<sup>(2)</sup> <br>| 1095 | &nbsp;&nbsp; 1095 |
| &nbsp;&nbsp;&nbsp; Cornerstone Generation LLC Tranche B (2 month Term <br> SOFR + 3.250%) <br>7.093%, 8/11/32<sup>(2)</sup> <br>| 743 | &nbsp;&nbsp; 749 |
| &nbsp;&nbsp;&nbsp; CPV Fairview LLC 2025, Tranche B (3 month Term SOFR <br> + 2.500%) <br>6.172%, 8/14/31<sup>(2)</sup> <br>| 787 | &nbsp;&nbsp; 789 |

---

---

| | | |
|:---|:---|:---|
|  | **Par Value** | **Value** |
| **Utilities—continued** | **Utilities—continued** |  |
| &nbsp;&nbsp;&nbsp; Hamilton Projects Acquiror LLC (1 month Term SOFR + <br> 2.500%) <br>6.216%, 5/30/31<sup>(2)</sup> <br>| $427 | &nbsp;&nbsp; $430 |
| &nbsp;&nbsp;&nbsp; Hunterstown Generation LLC (3 month Term SOFR + <br> 3.000%) <br>7.001%, 11/6/31<sup>(2)</sup> <br>| 621 | &nbsp;&nbsp; 621 |
| &nbsp;&nbsp;&nbsp; Lightning Power LLC Tranche B (1 month Term SOFR + <br> 2.250%) <br>5.966%, 8/18/31<sup>(2)</sup> <br>| 692 | &nbsp;&nbsp; 695 |
| &nbsp;&nbsp;&nbsp; Potomac Energy Center LLC (3 month Term SOFR + <br> 3.000%) <br>6.840%, 8/5/32<sup>(2)</sup> <br>| 375 | &nbsp;&nbsp; 378 |
| South Field Energy LLC |  |  |
| &nbsp;&nbsp;&nbsp; Tranche B (3 month Term SOFR + 3.000%) <br>7.001%, 8/29/31<sup>(2)</sup> <br>| 242 | &nbsp;&nbsp; 243 |
| &nbsp;&nbsp;&nbsp; Tranche C (3 month Term SOFR + 3.000%) <br>6.672%, 8/29/31<sup>(2)</sup> <br>| 15 | &nbsp;&nbsp; 15 |
| &nbsp;&nbsp;&nbsp; Talen Energy Supply LLC 2025, Tranche B (3 month Term <br> SOFR + 2.000%) <br>5.672%, 11/25/32<sup>(2)</sup> <br>| 165 | &nbsp;&nbsp; 165 |
| &nbsp;&nbsp;&nbsp; WEC U.S. Holdings Ltd. (1 month Term SOFR + 2.000%) <br>5.873%, 1/27/31<sup>(2)</sup> <br>| 1229 | &nbsp;&nbsp; 1231 |
| &nbsp;&nbsp;&nbsp; Whitewater Matterhorn Holdings LLC (3 month Term <br> SOFR + 2.250%) <br>5.922%, 6/16/32<sup>(2)</sup> <br>| 600 | &nbsp;&nbsp; 602 |
|  |  | &nbsp;&nbsp; 7527 |
| **Total Leveraged Loans** <br>**(Identified Cost $148,786)** | **Total Leveraged Loans** <br>**(Identified Cost $148,786)** | &nbsp;&nbsp; **146514** |

---

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

---

| | | |
|:---|:---|:---|
|  | **Shares** |  |
| **Common Stocks—0.2%** | **Common Stocks—0.2%** | **Common Stocks—0.2%** |
| **Communication Services—0.1%** | **Communication Services—0.1%** |  |
| Atento Luxco 1 S.A.<sup>(7)</sup> <br>| 8467 | &nbsp;&nbsp; 149 |
| **Consumer Discretionary—0.0%** | **Consumer Discretionary—0.0%** |  |
| NMG Parent LLC Escrow<sup>(3)(7)</sup> <br>| 3033 | &nbsp;&nbsp; — |
| West Marine<sup>(3)(7)</sup> <br>| 1450 | &nbsp;&nbsp; — |
| **Health Care—0.1%** | **Health Care—0.1%** |  |
| Envision Healthcare Corp.<sup>(7)</sup> <br>| 6407 | &nbsp;&nbsp; 94 |
| **Total Common Stocks** <br>**(Identified Cost $57)** | **Total Common Stocks** <br>**(Identified Cost $57)** | &nbsp;&nbsp; **243** |
| **Exchange-Traded Funds**<sup>(8)</sup>**—2.5%** | **Exchange-Traded Funds**<sup>(8)</sup>**—2.5%** | **Exchange-Traded Funds**<sup>(8)</sup>**—2.5%** |
| Invesco Senior Loan ETF | 47970 | &nbsp;&nbsp; 1007 |
| iShares iBoxx High Yield Corporate Bond ETF | 12540 | &nbsp;&nbsp; 1011 |
| State Street SPDR Bloomberg High Yield Bond ETF | 10405 | &nbsp;&nbsp; 1012 |
| &nbsp;&nbsp;&nbsp; State Street SPDR Bloomberg Short Term High Yield <br> Bond ETF<br>| 39210 | &nbsp;&nbsp; 993 |

---

See Notes to Schedule of Investments

------

**VIRTUS Newfleet Senior Floating Rate Fund**

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

**December 31, 2025**

($ reported in thousands)

---

| | |
|:---|:---|
|  | **Value** |
| **Total Exchange-Traded Funds** <br>**(Identified Cost $3,963)** | &nbsp;&nbsp; **4023** |
| **Total Long-Term Investments—97.9%** <br>**(Identified Cost $158,246)** | &nbsp;&nbsp; **$156427** |
| **TOTAL INVESTMENTS—97.9%** <br>**(Identified Cost $158,246)** | &nbsp;&nbsp; **$156427** |
| Other assets and liabilities, net—2.1% | &nbsp;&nbsp; 3397 |
| **NET ASSETS—100.0%** | &nbsp;&nbsp; **$159824** |

---

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

---

| | |
|:---|:---|
| **Abbreviations:** | **Abbreviations:** |
| ETF | Exchange-Traded Fund |
| LLC | Limited Liability Company |
| LLLP | Limited Liability Limited Partnership |
| LLP | Limited Liability Partnership |
| LP | Limited Partnership |
| plc | Public Limited Company |
| S.a.r.l. | Société à responsabilité limitée |
| SOFR | Secured Overnight Financing Rate |
| SPDR | S&P Depositary Receipt |

---

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

---

| | |
|:---|:---|
| **Footnote Legend:** | **Footnote Legend:** |
| <sup>(1)</sup> <br>| Security exempt from registration under Rule 144A of the Securities Act of 1933. <br> These securities may be resold in transactions exempt from registration, normally <br> to qualified institutional buyers. At December 31, 2025, these securities amounted <br> to a value of $5,647 or 3.5% of net assets.<br>|

---

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

<sup>(2)</sup> Variable rate security. Rate disclosed is as of December 31, 2025. Information in parenthesis represents benchmark and reference rate for each security. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions, or, for mortgage-backed securities, are impacted by the individual mortgages which are paying off over time. These securities do not indicate a reference rate and spread in their descriptions. 

<sup>(3)</sup> The value of this security was determined using significant unobservable inputs and is reported as a Level 3 security in the Fair Value Hierarchy table located after the Schedule of Investments. 

<sup>(4)</sup> Security in default; no interest payments are being received.

<sup>(5)</sup> Security in default; interest payments are being received.

<sup>(6)</sup> This loan will settle after December 31, 2025, at which time the interest rate, calculated on the base lending rate and the agreed upon spread on trade date, will be reflected. 

<sup>(7)</sup> Non-income producing.

<sup>(8)</sup> Shares of this fund are publicly offered, and its prospectus and annual report are publicly available. 

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

---

| | |
|:---|:---|
| **Country Weightings**<sup>†</sup>  | **Country Weightings**<sup>†</sup>  |
| United States | 91<br> %<br>|
| Canada | 4 |
| Netherlands | 3 |
| Luxembourg | 1 |
| Cayman Islands | 1 |
| Total | 100<br> %<br>|
| <sup>†</sup> % of total investments as of December 31, 2025. | <sup>†</sup> % of total investments as of December 31, 2025. |

---

As of December 31, 2025, the Fund had the following unfunded loan commitments:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Borrower** | **Par Value** | **Commitment** | **Value** | **Unrealized** <br>**Appreciation** <br>**(Depreciation)**<br>|
| Hanger, Inc., 10/23/31 | &nbsp;&nbsp; $31 | &nbsp;&nbsp; $31 | &nbsp;&nbsp; $31 | &nbsp;&nbsp; $— <br><sup>(1)</sup><br>|
| Kaman Corp., 2/26/32 | &nbsp;&nbsp; 52 | &nbsp;&nbsp; 52 | &nbsp;&nbsp; 53 | &nbsp;&nbsp; 1 |
| Pinnacle Buyer LLC, 10/01/32 | &nbsp;&nbsp; 59 | &nbsp;&nbsp; 59 | &nbsp;&nbsp; 59 | &nbsp;&nbsp; — <br><sup>(1)</sup><br>|
| Pye Barker Fire & Safety LLC, 12/16/32 | &nbsp;&nbsp; 14 | &nbsp;&nbsp; 14 | &nbsp;&nbsp; 14 | &nbsp;&nbsp; — <br><sup>(1)</sup><br>|
| Trio Bidco, Inc. Tranche B, 10/29/32 | &nbsp;&nbsp; 62 | &nbsp;&nbsp; 62 | &nbsp;&nbsp; 62 | &nbsp;&nbsp; — <br><sup>(1)</sup><br>|
| USALCO LLC 2025, 9/30/31 | &nbsp;&nbsp; 57 | &nbsp;&nbsp; 57 | &nbsp;&nbsp; 57 | &nbsp;&nbsp; — <br><sup>(1)</sup><br>|
| Total  | &nbsp;&nbsp; $275 | &nbsp;&nbsp; $275 | &nbsp;&nbsp; $276 | &nbsp;&nbsp; $1 |

---

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

<sup>(1)</sup> Amount is less than $500 (not in thousands).

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Total <br>Value at <br>December 31, 2025<br>| Level 1 <br>Quoted Prices<br>| Level 2 <br>Significant <br>Observable <br>Inputs<br>| Level 3 <br>Significant <br>Unobservable <br>Inputs<br>|
| Assets: |  |  |  |  |
| Debt Instruments: |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Corporate Bonds and Notes | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $5647 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $5647 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $— |
| &nbsp;&nbsp;&nbsp; Leveraged Loans | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 146514 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 146504 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10 <br><sup>(1)</sup><br>|
| Equity Securities: |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Common Stocks | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 243 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 149 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 94 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — <br><sup>(1)</sup><br>|
| Exchange-Traded Funds | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — |
| Other Financial Instruments: |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Unfunded Loan Commitments<sup>\*</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — |
| Total Investments | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $156428 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $4172 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $152246 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $10 |

---

See Notes to Schedule of Investments

------

**VIRTUS Newfleet Senior Floating Rate Fund**

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

**December 31, 2025**

($ reported in thousands)

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

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

<sup>\*</sup> Unfunded Loan Commitments are valued at the net unrealized appreciation (depreciation).

There were no transfers into or out of Level 3 related to securities held at December 31, 2025.

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

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 December 31, 2025.

See Notes to Schedule of Investments

------

**VIRTUS NEWFLEET SENIOR FLOATING RATE FUND**

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

**December 31, 2025**

**Note 1. Security Valuation**

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

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

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

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

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

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

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

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

Listed derivatives, such as options, that are actively traded are valued at the last posted settlement price from the exchange where they are principally traded and are categorized as Level 1 in the hierarchy. Over-the-counter derivative contracts, which include forward currency contracts and equity-linked instruments, do not require material subjectivity as pricing inputs are observed from actively quoted markets and are categorized as Level 2 in the hierarchy.

Investments in open-end mutual funds are valued at NAV. Investments in closed-end funds and ETFs are valued as of the close of regular trading on the NYSE each business day. Each is categorized as Level 1 in the hierarchy.

A summary of the inputs used to value the Fund's net assets by each major security type is disclosed at the end of the Schedule of Investments for the Fund. The inputs or methodologies used for valuing securities are not necessarily an indication of the risk associated with investing in those

securities.

*For additional information about significant accounting policies, refer to the Fund's most recent semi or annual 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 Opportunities Trust

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

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

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

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

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

  - **City:** Greenfield

  - **State:** MA

  - **Foreign country:** US

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

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

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

- **a. Name of Series:** Virtus Newfleet Senior Floating Rate Fund

- **b. EDGAR series identifier (if any):** S000020772

- **c. LEI of Series:** 549300LSL433PMNG0O35

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

- **a. Date of fiscal year-end:** 2026-09-30

- **b. Date as of which information is reported:** 2025-12-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $162974213.88

**Total Liabilities:** $3600792.03

**Net Assets:** $159373421.85

**Cash Not Reported:** $3829997.13

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** -985.29321500 | **10-Year:** -952.96997990 | **30-Year:** 0.00000000

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

- **3-Month:** 0.00000000 | **1-Year:** -7.28747976 | **5-Year:** -19775.76450000 | **10-Year:** -25999.79798000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000058006 | 0.35%                | 0.50%                | 0.34%                |
| Class ID C000058007 | 0.28%                | 0.33%                | 0.39%                |
| Class ID C000058008 | 0.37%                | 0.40%                | 0.48%                |
| Class ID C000176710 | 0.38%                | 0.41%                | 0.49%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-294999.97              | $-107965.80                                |
| Month 2  | $2864.47                 | $-94554.22                                 |
| Month 3  | $-28920.99               | $-234529.47                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Madison Safety & Flow LLC                                                   | MADISON SAFETY & FLOW                                              | CUSIP: 55822DAN1<br>LEI: 5493007D2J7BBIFYBY65 | Long             | LON              | CORP              | US        |    458795 | PA      | $461566.54    | 0.29%             | 2031-09-26      | Floating      | 6.23%                 | No            |                  2 | On Loan: No      |
| Tiger Acquisition LLC                                                       | TIGER ACQUISITION LLC                                              | CUSIP: 88675UAE2<br>LEI: 25490011XE2GWJKY5N51 | Long             | LON              | CORP              | US        |    523688 | PA      | $524996.72    | 0.33%             | 2032-08-23      | Floating      | 6.23%                 | No            |                  2 | On Loan: No      |
| Financiere Mendel                                                           | FINANCIERE MENDEL SASU                                             | CUSIP: 000000000<br>LEI: 969500FG3VYTO80D0A13 | Long             | LON              | CORP              | FR        |    138600 | PA      | $139234.79    | 0.09%             | 2030-11-08      | Floating      | 6.59%                 | No            |                  2 | On Loan: No      |
| PetsMart LLC                                                                | PETSMART INC                                                       | CUSIP: 71677HAN5<br>LEI: 894500NGJMHSFNESGA67 | Long             | LON              | CORP              | US        |    614383 | PA      | $611120.14    | 0.38%             | 2032-08-18      | Floating      | 7.73%                 | No            |                  2 | On Loan: No      |
| OMNIA PARTNERS LLC                                                          | OMNIA PARTNERS LLC                                                 | CUSIP: 68218HAE7<br>LEI: 254900ZD1P5CVG9GOS22 | Long             | LON              | CORP              | US        |    630282 | PA      | $632198.32    | 0.40%             | 2032-12-31      | Floating      | 6.45%                 | No            |                  2 | On Loan: No      |
| Cornerstone Building Brands Inc                                             | CORNERSTONE BUILDING                                               | CUSIP: 72431HAE0<br>LEI: 549300IW41QEWQ6T0H29 | Long             | LON              | CORP              | US        |    311279 | PA      | $218932.08    | 0.14%             | 2031-05-15      | Floating      | 8.25%                 | No            |                  2 | On Loan: No      |
| Resideo Funding Inc                                                         | RESIDEO FUNDING INC                                                | CUSIP: 76090LAM6<br>LEI: 5493000IFJ6XJKH66598 | Long             | LON              | CORP              | US        |    410000 | PA      | $410512.50    | 0.26%             | 2032-08-13      | Floating      | 5.72%                 | No            |                  2 | On Loan: No      |
| DS Parent Inc                                                               | DS PARENT INC                                                      | CUSIP: 23344YAG7<br>LEI: 254900EH8GRZUGRWRH57 | Long             | LON              | CORP              | US        |    638687 | PA      | $583121.15    | 0.37%             | 2031-01-31      | Floating      | 9.17%                 | No            |                  2 | On Loan: No      |
| Cube Industrials Buyer Inc                                                  | CUBE A&D BUYER INC                                                 | CUSIP: 22971EAD0<br>LEI: 254900WU707ZFYHRD780 | Long             | LON              | CORP              | US        |    491294 | PA      | $494157.93    | 0.31%             | 2031-10-17      | Floating      | 6.91%                 | No            |                  2 | On Loan: No      |
| CALPINE CORP                                                                | CALPINE CORP                                                       | CUSIP: 13134MBW2<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | LON              | CORP              | US        |   1095000 | PA      | $1094879.55   | 0.69%             | 2031-01-31      | Floating      | 5.48%                 | No            |                  2 | On Loan: No      |
| Fertitta Entertainment LLC                                                  | FERTITTA ENTERTAINMENT L                                           | CUSIP: 31556PAB3<br>LEI: 984500A0805D8V551D35 | Long             | LON              | CORP              | US        |    596898 | PA      | $596593.11    | 0.37%             | 2029-01-27      | Floating      | 6.97%                 | No            |                  2 | On Loan: No      |
| NCR ATLEOS LLC                                                              | NCR Atleos Corp                                                    | CUSIP: 638962AA8<br>LEI: 9845005FC3S0VA714741 | Long             | DBT              | CORP              | US        |    334000 | PA      | $362515.58    | 0.23%             | 2029-04-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| Cincinnati Bell Inc                                                         | CINCINNATI BELL INC                                                | CUSIP: 17187MAU4<br>LEI: 549300JYVZOCUJOHL272 | Long             | LON              | CORP              | US        |    724601 | PA      | $725115.06    | 0.45%             | 2028-11-22      | Floating      | 5.97%                 | No            |                  2 | On Loan: No      |
| GARDA WORLD SECURITY                                                        | Garda World Security Corp                                          | CUSIP: 36485MAP4<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | DBT              | CORP              | CA        |    200000 | PA      | $203722.60    | 0.13%             | 2032-11-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| Oryx Midstream Services Permian Basin LLC                                   | ORYX MIDSTREAM SERVICES PERMIAN BASIN LLC                          | CUSIP: 68764JAJ0<br>LEI: 254900YYHRDANYFAHC43 | Long             | LON              | CORP              | US        |    861525 | PA      | $864842.05    | 0.54%             | 2028-10-05      | Floating      | 5.98%                 | No            |                  2 | On Loan: No      |
| Quikrete Holdings Inc                                                       | QUIKRETE HOLDING 01/30/32                                          | CUSIP: 74839XAL3<br>LEI: 5493007KIN86DIZWZT22 | Long             | LON              | CORP              | US        |    506175 | PA      | $507622.66    | 0.32%             | 2032-02-10      | Floating      | 5.97%                 | No            |                  2 | On Loan: No      |
| Trio Bidco, Inc.                                                            | TRIO BIDCO INC                                                     | CUSIP: 000000000<br>LEI: 254900K9XN994FY4HJ57 | Long             | LON              | CORP              | US        |     62326 | PA      | $62429.72     | 0.04%             | 2032-10-29      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Arsenal Aic Parent LLC                                                      | ARSENAL AIC PARENT LLC                                             | CUSIP: 04287KAG6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    435594 | PA      | $436138.32    | 0.27%             | 2030-08-18      | Floating      | 6.47%                 | No            |                  2 | On Loan: No      |
| Red SPV LLC                                                                 | RED SPV LLC                                                        | CUSIP: 75701MAE5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    626850 | PA      | $626586.72    | 0.39%             | 2032-03-15      | Floating      | 5.98%                 | No            |                  2 | On Loan: No      |
| Ensemble RCM LLC                                                            | ENSEMBLE RCM LLC                                                   | CUSIP: 29359BAE1<br>LEI: 254900PDXJVVI20WAQ37 | Long             | LON              | CORP              | US        |    505884 | PA      | $508074.97    | 0.32%             | 2029-08-01      | Floating      | 6.84%                 | No            |                  2 | On Loan: No      |
| LUXCO EUR                                                                   | LUXCO EUR                                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | N/A       |      8467 | NS      | $149116.97    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| COTIVITI INC                                                                | COTIVITI INC                                                       | CUSIP: 22164MAB3<br>LEI: 254900YAQHVRTG4IFI64 | Long             | LON              | CORP              | US        |    527974 | PA      | $506416.94    | 0.32%             | 2031-05-01      | Floating      | 6.45%                 | No            |                  2 | On Loan: No      |
| Amneal Pharmaceuticals LLC                                                  | AMNEAL PHARMACEUTICALS LLC                                         | CUSIP: 03167DAR5<br>LEI: 54930037VIXE7LRZ1M66 | Long             | LON              | CORP              | US        |    264338 | PA      | $266320.03    | 0.17%             | 2032-08-02      | Floating      | 7.22%                 | No            |                  2 | On Loan: No      |
| South Field Energy LLC                                                      | SOUTH FIELD ENERGY LLC                                             | CUSIP: 83783XAG1<br>LEI: 549300M3RBW5ZIH20760 | Long             | LON              | CORP              | US        |    241901 | PA      | $243412.89    | 0.15%             | 2031-08-29      | Floating      | 7.00%                 | No            |                  2 | On Loan: No      |
| Wand NewCo 3 Inc                                                            | WAND NEWCO 3 INC                                                   | CUSIP: 93369PAM6<br>LEI: 549300Y3VZEWMSQW8494 | Long             | LON              | CORP              | US        |    690561 | PA      | $690927.30    | 0.43%             | 2031-01-30      | Floating      | 6.22%                 | No            |                  2 | On Loan: No      |
| OPENLANE Inc (f/k/a KAR Auction Services Inc)                               | OPENLANE INC                                                       | CUSIP: 68373AAD5<br>LEI: 5493004HKD20LBSG7D03 | Long             | LON              | CORP              | US        |    140000 | PA      | $139913.20    | 0.09%             | 2032-10-08      | Floating      | 6.36%                 | No            |                  2 | On Loan: No      |
| Eagle Broadband Investments LLC                                             | Eagle Broadband Investments LLC                                    | CUSIP: 26943PAB5<br>LEI: 254900W09ZHD1OM4I757 | Long             | LON              | CORP              | US        |   1133537 | PA      | $1072405.01   | 0.67%             | 2027-11-12      | Floating      | 6.93%                 | No            |                  2 | On Loan: No      |
| Bausch & Lomb Corporation                                                   | BAUSCH + LOMB CORP                                                 | CUSIP: 000000000<br>LEI: 549300NY6OZM39SO6475 | Long             | LON              | CORP              | CA        |    105000 | PA      | $105945.00    | 0.07%             | 2031-01-15      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| GENMAB A/S/GENMAB FIN                                                       | GENMAB A/S/GENMAB FINANCE LLC                                      | CUSIP: 37230JAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | DK        |     15000 | PA      | $15372.70     | 0.01%             | 2032-12-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ARDONAGH GROUP LTD                                                          | ARDONAGH GROUP FINCO PTY LTD                                       | CUSIP: 000000000<br>LEI: 254900YP2E642AGM4G32 | Long             | LON              | CORP              | AU        |    679029 | PA      | $676909.94    | 0.42%             | 2031-02-18      | Floating      | 6.70%                 | No            |                  2 | On Loan: No      |
| ECL Entertainment LLC                                                       | ECL ENTERTAINMENT LLC                                              | CUSIP: 000000000<br>LEI: 254900UPSGHOBB360Z85 | Long             | LON              | CORP              | US        |    752112 | PA      | $749291.24    | 0.47%             | 2030-08-30      | Floating      | 6.72%                 | No            |                  2 | On Loan: No      |
| ENVISION HEALTHCARE CORP Common Stock                                       | ENVISION HEALTHCARE CORP Common Stock                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6407 | NS      | $93702.38     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| LEVEL 3 FINANCING INC                                                       | Level 3 Financing Inc                                              | CUSIP: 527298BR3<br>LEI: 254900AE5FEFIJOXWL19 | Long             | DBT              | CORP              | US        |     55000 | PA      | $52525.00     | 0.03%             | 2028-07-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| McGraw-Hill Education Inc                                                   | MCGRAW-HILL EDUCATION                                              | CUSIP: 58063DAG8<br>LEI: 254900U6YJ9QZ4IQOR26 | Long             | LON              | CORP              | US        |    300134 | PA      | $302492.79    | 0.19%             | 2031-08-06      | Floating      | 6.47%                 | No            |                  2 | On Loan: No      |
| Caesars Entertainment, Inc.                                                 | CAESARS ENTERTAIN INC                                              | CUSIP: 12768EAG1<br>LEI: 549300FA4CTCW903Y781 | Long             | LON              | CORP              | US        |    574575 | PA      | $569403.83    | 0.36%             | 2030-02-06      | Floating      | 5.97%                 | No            |                  2 | On Loan: No      |
| Radiology Partners Inc                                                      | RADIOLOGY PARTNERS INC                                             | CUSIP: 75041EAN2<br>LEI: 549300SFTAG2177WUZ08 | Long             | LON              | CORP              | US        |    528675 | PA      | $527189.42    | 0.33%             | 2032-06-30      | Floating      | 8.17%                 | No            |                  2 | On Loan: No      |
| SS&C Technologies Holdings, Inc.                                            | SS&C TECHNOLOGIES INC                                              | CUSIP: 78466DBJ2<br>LEI: 549300KY09TR3J12JU49 | Long             | LON              | CORP              | US        |    307395 | PA      | $309070.09    | 0.19%             | 2031-05-09      | Floating      | 5.72%                 | No            |                  2 | On Loan: No      |
| Gray Television Inc                                                         | Gray Television Inc                                                | CUSIP: 389376AZ7<br>LEI: 529900TM5726KDN7UU35 | Long             | LON              | CORP              | US        |    757520 | PA      | $757603.23    | 0.48%             | 2028-12-01      | Floating      | 6.99%                 | No            |                  2 | On Loan: No      |
| ROCKET SOFTWARE INC                                                         | Rocket Software Inc                                                | CUSIP: 77314EAB4<br>LEI: 549300PVG26ISP5X1556 | Long             | DBT              | CORP              | US        |     75000 | PA      | $77336.76     | 0.05%             | 2028-11-28      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Madison Iaq LLC                                                             | MADISON IAQ LLC                                                    | CUSIP: 55759VAB4<br>LEI: 549300IXDNBXNHUPBU73 | Long             | LON              | CORP              | US        |    923039 | PA      | $926990.03    | 0.58%             | 2028-06-21      | Floating      | 6.70%                 | No            |                  2 | On Loan: No      |
| NCR Atleos, LLC                                                             | NCR ATLEOS CORP                                                    | CUSIP: 63001PAG6<br>LEI: 9845005FC3S0VA714741 | Long             | LON              | CORP              | US        |    413867 | PA      | $414557.82    | 0.26%             | 2029-04-16      | Floating      | 6.70%                 | No            |                  2 | On Loan: No      |
| Sigma Holdco BV                                                             | FLORA FOOD MANAG                                                   | CUSIP: 000000000<br>LEI: 254900U4MHW4MZWGFU47 | Long             | LON              | CORP              | US        |    548487 | PA      | $529404.86    | 0.33%             | 2028-01-03      | Floating      | 8.30%                 | No            |                  2 | On Loan: No      |
| Cornerstone Building Brands Inc                                             | Cornerstone Building Brands Inc                                    | CUSIP: 72431HAD2<br>LEI: 549300IW41QEWQ6T0H29 | Long             | LON              | CORP              | US        |    379046 | PA      | $295466.65    | 0.19%             | 2028-04-12      | Floating      | 7.10%                 | No            |                  2 | On Loan: No      |
| Ineos US Finance LLC                                                        | INEOS US FINANCE LLC                                               | CUSIP: 000000000<br>LEI: 5493008MHJ4R367SNK31 | Long             | LON              | CORP              | US        |    677635 | PA      | $541261.24    | 0.34%             | 2031-02-07      | Floating      | 6.82%                 | No            |                  2 | On Loan: No      |
| GIP Pilot Acquisition Partners LP                                           | GIP PILOT ACQUISITION PA                                           | CUSIP: 31773HAE2<br>LEI: 254900NQOAOPPA12X060 | Long             | LON              | CORP              | US        |    282505 | PA      | $282810.15    | 0.18%             | 2030-10-04      | Floating      | 5.94%                 | No            |                  2 | On Loan: No      |
| Light and Wonder International Inc                                          | LIGHT & WONDER INTERNATIONAL INC                                   | CUSIP: 80875AAW1<br>LEI: RLTHESQ0RNFQJWPBJN60 | Long             | LON              | CORP              | US        |    717201 | PA      | $718771.91    | 0.45%             | 2029-04-14      | Floating      | 5.99%                 | No            |                  2 | On Loan: No      |
| DirectV Financing LLC                                                       | DIRECTV FINANCING LLC                                              | CUSIP: 25460HAD4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1204822 | PA      | $1207484.25   | 0.76%             | 2029-08-02      | Floating      | 9.35%                 | No            |                  2 | On Loan: No      |
| Altice France SA/France                                                     | NUMERICABLE US LLC                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1000830 | PA      | $986818.36    | 0.62%             | 2028-05-01      | Floating      | 8.11%                 | No            |                  2 | On Loan: No      |
| PEX Holdings LLC                                                            | PEX HOLDINGS LLC                                                   | CUSIP: 69381MAB1<br>LEI: 2138006XMWHEBFQ55Z05 | Long             | LON              | CORP              | US        |    726350 | PA      | $726044.93    | 0.46%             | 2031-11-20      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| DIRECTV FINANCING LLC                                                       | Directv Financing LLC                                              | CUSIP: 254945AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     25000 | PA      | $25294.85     | 0.02%             | 2030-02-01      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| Potomac Energy Center, LLC                                                  | POTOMAC ENERGY CENTER LLC                                          | CUSIP: 73767TAB2<br>LEI: 549300BHYFK6M9HVNA29 | Long             | LON              | CORP              | US        |    394012 | PA      | $396967.59    | 0.25%             | 2032-08-05      | Floating      | 6.84%                 | No            |                  2 | On Loan: No      |
| Prime Security Services Borrower, LLC (aka Protection 1 Security Solutions) | PRIME SECURITY SERVICES BOR                                        | CUSIP: 03765VAP5<br>LEI: 549300O6QPZVWXV2DC15 | Long             | LON              | CORP              | US        |    926065 | PA      | $926991.55    | 0.58%             | 2030-10-13      | Floating      | 6.13%                 | No            |                  2 | On Loan: No      |
| Grant Thornton Advisors LLC                                                 | GRANT THORNTON ADVISORS                                            | CUSIP: 38821UAD2<br>LEI: 254900XS1SHU0YY3WF58 | Long             | LON              | CORP              | US        |    631790 | PA      | $632295.68    | 0.40%             | 2031-06-02      | Floating      | 6.47%                 | No            |                  2 | On Loan: No      |
| Del Monte Foods, Inc                                                        | DEL MONTE FOODS CORP II                                            | CUSIP: 24521WAD1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    795189 | PA      | $7951.89      | 0.00%             | 2028-08-02      | Floating      | 8.60%                 | No            |                  2 | On Loan: No      |
| Blackfin Pipeline LLC                                                       | BLACKFIN PIPELINE LLC                                              | CUSIP: 09231PAB2<br>LEI: 254900F4BUS186SK8A51 | Long             | LON              | CORP              | US        |    530000 | PA      | $530439.90    | 0.33%             | 2032-09-29      | Floating      | 6.75%                 | No            |                  2 | On Loan: No      |
| Trugreen Limited Partnership                                                | TruGreen LP                                                        | CUSIP: 89787RAH5<br>LEI: 549300QNRP2MNHR3QM19 | Long             | LON              | CORP              | US        |    527552 | PA      | $515813.79    | 0.32%             | 2027-11-02      | Floating      | 7.82%                 | No            |                  2 | On Loan: No      |
| Husky Injection Molding Systems Ltd                                         | HUSKY INJECTION MOLDING                                            | CUSIP: 000000000<br>LEI: 5493003ZDHRVP2N4C109 | Long             | LON              | CORP              | CA        |    515337 | PA      | $518630.07    | 0.33%             | 2029-02-15      | Floating      | 7.66%                 | No            |                  2 | On Loan: No      |
| Scientific Games Holdings LP                                                | SCIENTIFIC GAMES HOLDINGS LP                                       | CUSIP: 80875CAE7<br>LEI: 549300W5GPFXXB6TQ330 | Long             | LON              | CORP              | US        |    507562 | PA      | $497984.07    | 0.31%             | 2029-04-04      | Floating      | 6.93%                 | No            |                  2 | On Loan: No      |
| Lightning Power, LLC                                                        | LIGHTNING POWER LLC                                                | CUSIP: 53229LAB3<br>LEI: 254900BWCHJ03XRL8K59 | Long             | LON              | CORP              | US        |    692277 | PA      | $695170.82    | 0.44%             | 2031-08-18      | Floating      | 5.97%                 | No            |                  2 | On Loan: No      |
| AI Aqua Merger Sub Inc FKA Osmosis Buyer Limited                            | AI AQUA MERGER SUB INC                                             | CUSIP: 00132UAP9<br>LEI: 5493005QMH1D47U26R45 | Long             | LON              | CORP              | US        |   1074356 | PA      | $1076322.36   | 0.68%             | 2028-07-31      | Floating      | 6.86%                 | No            |                  2 | On Loan: No      |
| Asurion LLC                                                                 | Asurion LLC                                                        | CUSIP: 04649VAZ3<br>LEI: 549300KNQVXGIOXWK278 | Long             | LON              | CORP              | US        |    485000 | PA      | $482652.60    | 0.30%             | 2028-01-31      | Floating      | 9.08%                 | No            |                  2 | On Loan: No      |
| DISH NETWORK CORP                                                           | DISH Network Corp                                                  | CUSIP: 25470MAG4<br>LEI: 529900U350CWHH15G169 | Long             | DBT              | CORP              | US        |    305000 | PA      | $317437.90    | 0.20%             | 2027-11-15      | Fixed         | 11.75%                | No            |                  2 | On Loan: No      |
| GRAY MEDIA INC                                                              | Gray Media Inc                                                     | CUSIP: 389375AP1<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |    195000 | PA      | $199256.62    | 0.13%             | 2033-08-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| White Cap Supply Holdings LLC(f/k/a White Cap Buyer LLC)                    | WHITE CAP BUYER LLC                                                | CUSIP: 96350TAH3<br>LEI: 254900L2N0T6GULCL366 | Long             | LON              | CORP              | US        |    643016 | PA      | $645478.91    | 0.41%             | 2029-10-19      | Floating      | 6.97%                 | No            |                  2 | On Loan: No      |
| LADDER CAP FIN LLLP/CORP                                                    | Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp | CUSIP: 505742AM8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    225000 | PA      | $223498.46    | 0.14%             | 2027-02-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Whitewater Matterhorn Holdings, LLC                                         | WHITEWATERMATTERHORNHO                                             | CUSIP: 000000000<br>LEI: 2138009J7G187M6C4Q91 | Long             | LON              | CORP              | US        |    600000 | PA      | $601776.00    | 0.38%             | 2032-06-16      | Floating      | 6.31%                 | No            |                  2 | On Loan: No      |
| NAB Holdings LLC                                                            | NORTHAB LLC                                                        | CUSIP: 66345FAB7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1267629 | PA      | $1209001.52   | 0.76%             | 2028-11-24      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| MV Holding GmbH FKA Igloo Holdings Corp                                     | MX HOLDINGS US INC                                                 | CUSIP: 55404TAF9<br>LEI: 549300RKTIVJWNROR778 | Long             | LON              | CORP              | US        |    616904 | PA      | $617934.11    | 0.39%             | 2032-03-17      | Floating      | 5.72%                 | No            |                  2 | On Loan: No      |
| Vertiv Group Corp                                                           | VERTIV GROUP CORP                                                  | CUSIP: 92537EAG3<br>LEI: 549300ZT8RQ5VK10E643 | Long             | LON              | CORP              | US        |   1180637 | PA      | $1185737.84   | 0.74%             | 2032-08-12      | Floating      | 5.61%                 | No            |                  2 | On Loan: No      |
| CHG Healthcare Services Inc                                                 | CHG HEALTHCARE SERVICES INC                                        | CUSIP: 12541HAX1<br>LEI: 54930016Y1HPAVB9PZ54 | Long             | LON              | CORP              | US        |    862986 | PA      | $866611.00    | 0.54%             | 2028-09-29      | Floating      | 6.63%                 | No            |                  2 | On Loan: No      |
| Southern Veterinary Partners LLC                                            | SOUTHERN VETERINARY PARTNERS LLC                                   | CUSIP: 84410HAQ3<br>LEI: 549300DT78GYJYRK0R74 | Long             | LON              | CORP              | US        |    866539 | PA      | $865109.17    | 0.54%             | 2031-12-04      | Floating      | 6.37%                 | No            |                  2 | On Loan: No      |
| Quikrete Holdings Inc                                                       | QUIKRETE HOLDINGS INC                                              | CUSIP: 74839XAK5<br>LEI: 5493007KIN86DIZWZT22 | Long             | LON              | CORP              | US        |    798100 | PA      | $800757.26    | 0.50%             | 2029-03-19      | Floating      | 5.97%                 | No            |                  2 | On Loan: No      |
| Harbor Freight Tools USA Inc                                                | HARBOR FREIGHT TOOLS USA INC                                       | CUSIP: 41151PAR6<br>LEI: 549300Y48HLCFTTB4249 | Long             | LON              | CORP              | US        |    699537 | PA      | $692045.02    | 0.43%             | 2031-06-11      | Floating      | 5.97%                 | No            |                  2 | On Loan: No      |
| Garda World Security Corporation                                            | GARDA WORLD SECURITY                                               | CUSIP: 000000000<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | LON              | CORP              | CA        |   1146496 | PA      | $1149361.83   | 0.72%             | 2029-02-01      | Floating      | 6.75%                 | No            |                  2 | On Loan: No      |
| LifePoint Health Inc                                                        | LIFEPOINT HEALTH INC                                               | CUSIP: 75915TAL6<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | LON              | CORP              | US        |    133316 | PA      | $133390.52    | 0.08%             | 2031-05-16      | Floating      | 7.33%                 | No            |                  2 | On Loan: No      |
| Petco Health and Wellness Company Inc                                       | Petco Health & Wellness Co Inc                                     | CUSIP: 71601HAB2<br>LEI: 2549007TYGV6RVSE9M61 | Long             | LON              | CORP              | US        |    537605 | PA      | $531492.05    | 0.33%             | 2028-03-03      | Floating      | 7.18%                 | No            |                  2 | On Loan: No      |
| Dechra Pharmaceuticals Holdings Limited (f/k/a Freya Bidco Limited)         | DECHRA FINANCE US                                                  | CUSIP: 24343EAB1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    516100 | PA      | $519165.63    | 0.33%             | 2032-01-27      | Floating      | 7.20%                 | No            |                  2 | On Loan: No      |
| Motion Finco LLC                                                            | MOTION FINCO SARL                                                  | CUSIP: 000000000<br>LEI: 2549002L1LBQZKA7UN30 | Long             | LON              | CORP              | LU        |    618280 | PA      | $547567.00    | 0.34%             | 2029-11-12      | Floating      | 7.17%                 | No            |                  2 | On Loan: No      |
| Nexstar Media Inc                                                           | NEXSTAR MEDIA INC                                                  | CUSIP: 65336RBB3<br>LEI: 5493006PK6I4I2OOT688 | Long             | LON              | CORP              | US        |    552800 | PA      | $555083.06    | 0.35%             | 2032-06-28      | Floating      | 6.28%                 | No            |                  2 | On Loan: No      |
| iShares iBoxx $ High Yield Corporate Bond ETF                               | iShares iBoxx $ High Yield Corporate Bond ETF                      | CUSIP: 464288513<br>LEI: 549300FCCXHK7O37PQ68 | Long             | EC               | RF                | US        |     12540 | NS      | $1011100.20   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Citadel Securities LP                                                       | CITADEL SECURITIES LP                                              | CUSIP: 17288YAN2<br>LEI: 549300NV5RXBUS3X7L47 | Long             | LON              | CORP              | US        |    629637 | PA      | $632710.09    | 0.40%             | 2031-10-31      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| Ascend Learning LLC                                                         | ASCEND LEARNING LLC                                                | CUSIP: 04349HAN4<br>LEI: 549300T466HKRLVCD610 | Long             | LON              | CORP              | US        |    622327 | PA      | $623771.18    | 0.39%             | 2028-12-11      | Floating      | 6.82%                 | No            |                  2 | On Loan: No      |
| Allied Universal Holdco LLC                                                 | ALLIED UNIVERSAL HOLDCO                                            | CUSIP: 01957TAX5<br>LEI: 98450038B4549046D794 | Long             | LON              | CORP              | US        |    533662 | PA      | $536090.66    | 0.34%             | 2032-08-20      | Floating      | 6.97%                 | No            |                  2 | On Loan: No      |
| Catawba Nation Gaming Authority                                             | CATAWBA NATION GAMING AUTHORITY                                    | CUSIP: 14907EAD6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    375000 | PA      | $383437.50    | 0.24%             | 2032-03-29      | Floating      | 8.47%                 | No            |                  2 | On Loan: No      |
| WIN Waste Innovations Holdings Inc                                          | Win Waste Innovations Holdings Inc                                 | CUSIP: 38723BAJ0<br>LEI: 549300DJBUN7Z75R2S83 | Long             | LON              | CORP              | US        |    901418 | PA      | $902923.14    | 0.57%             | 2028-03-24      | Floating      | 6.58%                 | No            |                  2 | On Loan: No      |
| M6 Etx Holdings Ii Midco LLC                                                | M6 ETX HOLDINGS II MIDCO                                           | CUSIP: 55285DAJ0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    275693 | PA      | $276971.96    | 0.17%             | 2032-04-01      | Floating      | 6.20%                 | No            |                  2 | On Loan: No      |
| Modivcare Inc                                                               | MODIVCARE INC                                                      | CUSIP: 60783LAC4<br>LEI: 549300EFZIFW7F7I0Q28 | Long             | LON              | CORP              | US        |    158491 | PA      | $60226.49     | 0.04%             | 2031-07-01      | Floating      | 10.75%                | No            |                  2 | On Loan: No      |
| Windsor Holdings III LLC                                                    | WINDSOR HOLDINGS III LLC                                           | CUSIP: 97360BAH8<br>LEI: 254900IXUJZ9H146T437 | Long             | LON              | CORP              | US        |    870130 | PA      | $871383.25    | 0.55%             | 2030-08-01      | Floating      | 6.47%                 | No            |                  2 | On Loan: No      |
| GFL Environmental Services Inc                                              | GFL ENVIRONMENTAL SERVIC                                           | CUSIP: 36257SAB8<br>LEI: 254900PGDQWC19PRP053 | Long             | LON              | CORP              | US        |    693262 | PA      | $695342.29    | 0.44%             | 2032-03-03      | Floating      | 6.27%                 | No            |                  2 | On Loan: No      |
| Gloves Buyer Inc                                                            | GLOVES BUYER INC                                                   | CUSIP: 37987UAG7<br>LEI: 54930015O0Y94T5H8Z18 | Long             | LON              | CORP              | US        |    515000 | PA      | $511688.55    | 0.32%             | 2032-05-21      | Floating      | 7.72%                 | No            |                  2 | On Loan: No      |
| AlixPartners LLP                                                            | ALIXPARTNERS LLP                                                   | CUSIP: 01642PBE5<br>LEI: 5493005G2MHUFTGARL57 | Long             | LON              | CORP              | US        |    759156 | PA      | $759960.92    | 0.48%             | 2032-08-12      | Floating      | 5.82%                 | No            |                  2 | On Loan: No      |
| Altice France SA                                                            | NUMERICABLE US LLC                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    439453 | PA      | $433410.04    | 0.27%             | 2028-10-30      | Floating      | 9.05%                 | No            |                  2 | On Loan: No      |
| CQP Holdco LP                                                               | CQP HOLDCO LP                                                      | CUSIP: 12657QAE3<br>LEI: 549300LPL012JY5D4B69 | Long             | LON              | CORP              | US        |    627756 | PA      | $629551.63    | 0.40%             | 2030-12-31      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| TRIVIUM PACKAGING FIN                                                       | Trivium Packaging Finance BV                                       | CUSIP: 89686QAD8<br>LEI: 724500GMZWW3PVYET548 | Long             | DBT              | CORP              | NL        |    203000 | PA      | $217613.16    | 0.14%             | 2030-07-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Traverse Midstream Partners LLC                                             | TRAVERSE MIDSTREAM PARTN                                           | CUSIP: 000000000<br>LEI: 549300DHTM8B2X5QMJ22 | Long             | LON              | CORP              | US        |    788952 | PA      | $789740.91    | 0.50%             | 2028-02-16      | Floating      | 6.34%                 | No            |                  2 | On Loan: No      |
| EG America LLC                                                              | EG AMERICA LLC                                                     | CUSIP: 000000000<br>LEI: 549300BY1CRYVPEG9R57 | Long             | LON              | CORP              | US        |    474316 | PA      | $475701.01    | 0.30%             | 2028-02-07      | Floating      | 7.32%                 | No            |                  2 | On Loan: No      |
| Belron Finance 2019 LLC                                                     | BELRON FINANCE 2019 LLC                                            | CUSIP: 08078UAN3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    833949 | PA      | $838119.19    | 0.53%             | 2031-10-16      | Floating      | 6.12%                 | No            |                  2 | On Loan: No      |
| American Airlines Inc                                                       | AADVANTAGE LOYALTY IP LTD                                          | CUSIP: 02376CBS3<br>LEI: N/A                  | Long             | LON              | CORP              | KY        |    863933 | PA      | $865444.92    | 0.54%             | 2028-04-20      | Floating      | 6.13%                 | No            |                  2 | On Loan: No      |
| Acuren Delaware Holdco Inc (f/k/a AAL Delaware Holdco Inc)                  | AAL DELAWARE HOLDCO INC                                            | CUSIP: 00036YAD5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    218140 | PA      | $219010.58    | 0.14%             | 2031-07-30      | Floating      | 6.47%                 | No            |                  2 | On Loan: No      |
| J&J Ventures Gaming LLC                                                     | J&J VENTURES GAMING LLC                                            | CUSIP: 46604BAH1<br>LEI: 549300BYPH8FLKS5ZS70 | Long             | LON              | CORP              | US        |    407345 | PA      | $403972.37    | 0.25%             | 2030-04-26      | Floating      | 7.22%                 | No            |                  2 | On Loan: No      |
| ICAHN ENTERPRISES/FIN                                                       | Icahn Enterprises LP / Icahn Enterprises Finance Corp              | CUSIP: 451102CK1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    125000 | PA      | $124911.84    | 0.08%             | 2029-11-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| AthenaHealth Group Inc                                                      | ATHENAHEALTH GROUP INC                                             | CUSIP: 04686RAB9<br>LEI: 254900AA3KZN4Q7A5Z33 | Long             | LON              | CORP              | US        |    505750 | PA      | $506275.98    | 0.32%             | 2029-02-15      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Del Monte Foods, Inc                                                        | DEL MONTE FOODS CORP II INC                                        | CUSIP: 24521WAL3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    269038 | PA      | $217921.01    | 0.14%             | 2026-04-02      | Floating      | 13.34%                | No            |                  2 | On Loan: No      |
| Peer Holding III BV                                                         | PEER HOLDING III BV                                                | CUSIP: 000000000<br>LEI: 7245002S0K5Q59JCVQ03 | Long             | LON              | CORP              | NL        |    564938 | PA      | $567056.02    | 0.36%             | 2030-10-26      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| Genmab A/S                                                                  | GENMAB A/S                                                         | CUSIP: 000000000<br>LEI: 529900MTJPDPE4MHJ122 | Long             | LON              | CORP              | DK        |     95000 | PA      | $95416.10     | 0.06%             | 2032-12-12      | Floating      | 6.73%                 | No            |                  2 | On Loan: No      |
| GRAY MEDIA INC                                                              | Gray Media Inc                                                     | CUSIP: 389375AN6<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |    110000 | PA      | $114154.52    | 0.07%             | 2032-07-15      | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| Clarios Global LP                                                           | CLARIOS GLOBAL LP                                                  | CUSIP: 000000000<br>LEI: 549300474L1ZLXZY2P98 | Long             | LON              | CORP              | US        |   1062531 | PA      | $1062669.18   | 0.67%             | 2030-05-06      | Floating      | 6.22%                 | No            |                  2 | On Loan: No      |
| Ineos Finance PLC                                                           | INEOS US FINANCE LLC                                               | CUSIP: 000000000<br>LEI: 5493008MHJ4R367SNK31 | Long             | LON              | CORP              | US        |   1209760 | PA      | $975369.14    | 0.61%             | 2030-02-18      | Floating      | 6.97%                 | No            |                  2 | On Loan: No      |
| Entain PLC                                                                  | Entain 08/01/2032                                                  | CUSIP: 000000000<br>LEI: 213800ATWJIEYQ8NF838 | Long             | LON              | CORP              | GI        |    189525 | PA      | $187893.19    | 0.12%             | 2032-07-30      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| Sharp Services LLC (f/k/a Sharp Midco LLC)                                  | SHARP SERVICES LLC                                                 | CUSIP: 81989LAG3<br>LEI: 549300ZXMVUWBVXDAR03 | Long             | LON              | CORP              | US        |    270000 | PA      | $270675.00    | 0.17%             | 2032-09-29      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| Phoenix Guarantor Inc                                                       | PHOENIX GUARANTOR INC                                              | CUSIP: 71913BAK8<br>LEI: 254900JIOIDL3GSUFE55 | Long             | LON              | CORP              | US        |    876293 | PA      | $879929.51    | 0.55%             | 2031-02-21      | Floating      | 6.22%                 | No            |                  2 | On Loan: No      |
| Snacking Investments Bidco Pty Limited                                      | SNACKING INVESTMENTS US                                            | CUSIP: 000000000<br>LEI: 549300W8K88D3SM86Y18 | Long             | LON              | CORP              | US        |    140000 | PA      | $140700.00    | 0.09%             | 2032-10-12      | Floating      | 6.84%                 | No            |                  2 | On Loan: No      |
| Connectwise, LLC                                                            | ConnectWise LLC                                                    | CUSIP: 20786NAC1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1080588 | PA      | $1059656.78   | 0.66%             | 2028-09-29      | Floating      | 7.43%                 | No            |                  2 | On Loan: No      |
| Sazerac Company, Inc.                                                       | SAZERAC CO INC                                                     | CUSIP: 80583EAN6<br>LEI: 9QU0CG1O4LSOB6IFK895 | Long             | LON              | CORP              | US        |    340000 | PA      | $340329.80    | 0.21%             | 2032-07-09      | Floating      | 6.28%                 | No            |                  2 | On Loan: No      |
| MAUSER PACKAGING SOLUT                                                      | Mauser Packaging Solutions Holding Co                              | CUSIP: 57763RAF4<br>LEI: 549300DNGHXL0OMHW304 | Long             | DBT              | CORP              | US        |    190000 | PA      | $182400.00    | 0.11%             | 2030-04-15      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| Stonepeak Bayou Holdings LP                                                 | STONEPEAK BAYOU HOLDINGS LP                                        | CUSIP: 86185AAB9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    355000 | PA      | $318168.75    | 0.20%             | 2032-10-01      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| USALCO LLC                                                                  | USALCO LLC                                                         | CUSIP: 91732NAP8<br>LEI: 5493006WBYB0CYPCSG20 | Long             | LON              | CORP              | US        |     56429 | PA      | $56623.37     | 0.04%             | 2031-09-30      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| GRIFOLS SA                                                                  | Grifols SA                                                         | CUSIP: 39843UAA0<br>LEI: 959800HSSNXWRKBK4N60 | Long             | DBT              | CORP              | ES        |    200000 | PA      | $197518.96    | 0.12%             | 2028-10-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Nouryon Finance BV                                                          | NOURYON FINANCE BV                                                 | CUSIP: 000000000<br>LEI: 549300GD4NJGLPVYB245 | Long             | LON              | CORP              | NL        |   1109889 | PA      | $1108967.54   | 0.70%             | 2028-04-03      | Floating      | 7.04%                 | No            |                  2 | On Loan: No      |
| Turquoise Topco LTD                                                         | TORTUGA RESORTS GHD LLC                                            | CUSIP: 000000000<br>LEI: 254900RI25V4FBT02P38 | Long             | LON              | CORP              | US        |    730000 | PA      | $719962.50    | 0.45%             | 2032-08-13      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Madison Iaq LLC                                                             | MADISON IAQ LLC                                                    | CUSIP: 55759VAE8<br>LEI: 549300IXDNBXNHUPBU73 | Long             | LON              | CORP              | US        |    272131 | PA      | $273614.46    | 0.17%             | 2032-11-08      | Floating      | 6.64%                 | No            |                  2 | On Loan: No      |
| OPAL BIDCO                                                                  | Opal Bidco SAS                                                     | CUSIP: 68348BAA1<br>LEI: 969500R96XT7XY2UJ564 | Long             | DBT              | CORP              | FR        |     30000 | PA      | $30726.56     | 0.02%             | 2032-03-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Cornerstone Generation, LLC                                                 | CORNERSTONE GENERATION L                                           | CUSIP: 21924NAB4<br>LEI: 254900JBGAU2N55LVN75 | Long             | LON              | CORP              | US        |    745000 | PA      | $750855.70    | 0.47%             | 2032-08-11      | Floating      | 7.09%                 | No            |                  2 | On Loan: No      |
| Century DE Buyer LLC                                                        | CENTURY DE BUYER LLC                                               | CUSIP: 15651FAE6<br>LEI: 254900PQRPPYRTQIDX74 | Long             | LON              | CORP              | US        |    682452 | PA      | $680533.87    | 0.43%             | 2030-10-30      | Floating      | 6.84%                 | No            |                  2 | On Loan: No      |
| Aspire Bakeries Holdings LLC                                                | ASPIRE BAKERIES HOLDING                                            | CUSIP: 000000000<br>LEI: 549300MWN7R72KAKOD18 | Long             | LON              | CORP              | US        |    321656 | PA      | $322662.95    | 0.20%             | 2030-12-23      | Floating      | 7.22%                 | No            |                  2 | On Loan: No      |
| Chariot Buyer LLC                                                           | CHARIOT BUYER LLC                                                  | CUSIP: 15963CAE6<br>LEI: 25490092IFNOZBRVE539 | Long             | LON              | CORP              | US        |    887497 | PA      | $888792.86    | 0.56%             | 2032-09-08      | Floating      | 6.47%                 | No            |                  2 | On Loan: No      |
| Rocket Software Inc                                                         | ROCKET SOFTWARE INC                                                | CUSIP: 77313DAW1<br>LEI: 549300PVG26ISP5X1556 | Long             | LON              | CORP              | US        |    642120 | PA      | $641759.92    | 0.40%             | 2028-11-28      | Floating      | 7.47%                 | No            |                  2 | On Loan: No      |
| VOLTAGRID LLC                                                               | VoltaGrid LLC                                                      | CUSIP: 92874BAA3<br>LEI: 254900R5BEUGIKK1FM03 | Long             | DBT              | CORP              | US        |    260000 | PA      | $257593.89    | 0.16%             | 2030-11-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Amentum Holdings LLC                                                        | AMAZON HOLDCO INC                                                  | CUSIP: 02351XAB4<br>LEI: 2549009FJIBLW40CU216 | Long             | LON              | CORP              | US        |    945397 | PA      | $946872.09    | 0.59%             | 2031-09-29      | Floating      | 5.72%                 | No            |                  2 | On Loan: No      |
| MCGRAW-HILL EDUCATION                                                       | McGraw-Hill Education Inc                                          | CUSIP: 58064LAA2<br>LEI: 254900U6YJ9QZ4IQOR26 | Long             | DBT              | CORP              | US        |    100000 | PA      | $105505.70    | 0.07%             | 2031-09-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| DIRECTV FINANCING LLC                                                       | Directv Financing LLC                                              | CUSIP: 25461LAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     35000 | PA      | $35470.43     | 0.02%             | 2030-02-01      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| Pegasus Bidco Bv                                                            | PEGASUS BIDCO BV                                                   | CUSIP: 000000000<br>LEI: 254900U303DPAFR7MA71 | Long             | LON              | CORP              | NL        |    842715 | PA      | $843768.20    | 0.53%             | 2029-07-12      | Floating      | 6.60%                 | No            |                  2 | On Loan: No      |
| Star Parent Inc                                                             | STAR PARENT INC                                                    | CUSIP: 87169DAB1<br>LEI: 254900GRGCJYRMDRWT73 | Long             | LON              | CORP              | US        |    661895 | PA      | $662410.79    | 0.42%             | 2030-09-27      | Floating      | 7.67%                 | No            |                  2 | On Loan: No      |
| Astoria Energy LLC                                                          | ASTORIA ENERGY LLC                                                 | CUSIP: 04626LAJ8<br>LEI: 549300BXD26J7I0IPB62 | Long             | LON              | CORP              | US        |    510675 | PA      | $514025.26    | 0.32%             | 2032-06-23      | Floating      | 6.57%                 | No            |                  2 | On Loan: No      |
| ALLIANCE LAUNDRY SYSTEMS                                                    | ALLIANCE LAUNDRY SYSTEMS                                           | CUSIP: 01862LBA5<br>LEI: 549300YBOGK6MBI5ND34 | Long             | LON              | CORP              | US        |    430880 | PA      | $432495.32    | 0.27%             | 2031-08-19      | Floating      | 5.98%                 | No            |                  2 | On Loan: No      |
| RealPage Inc                                                                | RealPage Inc                                                       | CUSIP: 75605VAD4<br>LEI: 5493001RSFZX4122A604 | Long             | LON              | CORP              | US        |    459898 | PA      | $459290.88    | 0.29%             | 2028-04-24      | Floating      | 6.93%                 | No            |                  2 | On Loan: No      |
| Del Monte Foods Corporation II Inc                                          | DEL MONTE FOODS CORP II INC                                        | CUSIP: 24521WAK5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    182326 | PA      | $173209.24    | 0.11%             | 2026-04-02      | Floating      | 13.35%                | No            |                  2 | On Loan: No      |
| Del Monte Foods, Inc.                                                       | DEL MONTE FOODS CORP II                                            | CUSIP: 24521WAC3<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    345364 | PA      | $10360.91     | 0.01%             | 2028-08-02      | Floating      | 8.14%                 | No            |                  3 | On Loan: No      |
| Surgery Center Holdings Inc                                                 | SURGERY CENTER HOLDINGS INC                                        | CUSIP: 86880NBD4<br>LEI: 54930054EVI5HWPPW113 | Long             | LON              | CORP              | US        |    624369 | PA      | $626429.04    | 0.39%             | 2030-12-19      | Floating      | 6.22%                 | No            |                  2 | On Loan: No      |
| BIFM US Finance LLC                                                         | BIFM CA BUYER INC                                                  | CUSIP: 000000000<br>LEI: 5493004RP2P0NY84N260 | Long             | LON              | CORP              | CA        |    576985 | PA      | $580349.08    | 0.36%             | 2028-05-31      | Floating      | 6.97%                 | No            |                  2 | On Loan: No      |
| Finco I LLC                                                                 | FINCO 06/27/29                                                     | CUSIP: 31774BAH7<br>LEI: 5493001RSEZ0X6VJMC68 | Long             | LON              | CORP              | US        |    860000 | PA      | $860713.80    | 0.54%             | 2029-06-27      | Floating      | 5.47%                 | No            |                  2 | On Loan: No      |
| EOC Borrower LLC                                                            | ENDEAVOR OPERATING CO LLC                                          | CUSIP: 26875YAB8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    626850 | PA      | $629633.21    | 0.40%             | 2032-03-24      | Floating      | 6.72%                 | No            |                  2 | On Loan: No      |
| Bausch & Lomb Corporation                                                   | BAUSCH + LOMB CORP                                                 | CUSIP: 000000000<br>LEI: 549300NY6OZM39SO6475 | Long             | LON              | CORP              | CA        |    377300 | PA      | $377300.00    | 0.24%             | 2028-09-29      | Floating      | 7.72%                 | No            |                  2 | On Loan: No      |
| Genesys Cloud Services Holdings II LLC (f/k/a Greeneden US Holdings II LLC) | GENESYS CLOUD SERVICES                                             | CUSIP: 39479UAY9<br>LEI: 254900CRMBG6WX4HX396 | Long             | LON              | CORP              | US        |    729812 | PA      | $727534.67    | 0.46%             | 2032-01-30      | Floating      | 6.22%                 | No            |                  2 | On Loan: No      |
| Hanger Inc                                                                  | HANGER INC                                                         | CUSIP: 41043BAJ7<br>LEI: 254900ZJJJYVLHJXSZ60 | Long             | LON              | CORP              | US        |     75824 | PA      | $76011.70     | 0.05%             | 2031-10-23      | Floating      | 7.22%                 | No            |                  2 | On Loan: No      |
| CMG Media Corporation (f/k/a Terrier Media Buyer Inc)                       | CMG MEDIA CORP                                                     | CUSIP: 88145LAF1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1234713 | PA      | $1148925.20   | 0.72%             | 2029-06-18      | Floating      | 7.27%                 | No            |                  2 | On Loan: No      |
| Lernen Bidco Limited                                                        | LERNEN US FINCO LLC                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    554868 | PA      | $555561.75    | 0.35%             | 2031-10-27      | Floating      | 7.41%                 | No            |                  2 | On Loan: No      |
| WEC US Holdings Ltd.                                                        | WEC US HLDG 01/27/31                                               | CUSIP: 92943LAC4<br>LEI: 5493002M6GRSU1IWMG57 | Long             | LON              | CORP              | US        |   1229225 | PA      | $1230847.16   | 0.77%             | 2031-01-27      | Floating      | 5.87%                 | No            |                  2 | On Loan: No      |
| Inizio Group Limited a/k/a Hunter Holdco 3 Limited                          | Hunter US Bidco Inc                                                | CUSIP: 12509YAE6<br>LEI: 549300KXGY77REE4ZR63 | Long             | LON              | CORP              | US        |    466819 | PA      | $453981.23    | 0.28%             | 2028-08-21      | Floating      | 8.02%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                                               | TRANSDIGM INC                                                      | CUSIP: 89364MCA0<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | LON              | CORP              | US        |   1421289 | PA      | $1426121.75   | 0.89%             | 2031-02-28      | Floating      | 6.27%                 | No            |                  2 | On Loan: No      |
| Viant Medical Holdings Inc                                                  | VIANT MEDICAL HOLDINGS                                             | CUSIP: 92556MAB2<br>LEI: 549300E68YOWU15QSF58 | Long             | LON              | CORP              | US        |    578668 | PA      | $572013.49    | 0.36%             | 2031-10-29      | Floating      | 7.72%                 | No            |                  2 | On Loan: No      |
| Rand Parent LLC                                                             | RAND PARENT LLC                                                    | CUSIP: 75223LAD8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    567136 | PA      | $568235.92    | 0.36%             | 2030-03-18      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| CPV Fairview LLC                                                            | CPV FAIRVIEW LLC                                                   | CUSIP: 12620SAD5<br>LEI: 549300SLZ4P6TH9PTH93 | Long             | LON              | CORP              | US        |    784546 | PA      | $787244.68    | 0.49%             | 2031-08-14      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| Select Medical Corporation                                                  | SELECT MEDICAL CORP                                                | CUSIP: 816194AY0<br>LEI: 549300X05KS0JKR8CB50 | Long             | LON              | CORP              | US        |    697950 | PA      | $696205.13    | 0.44%             | 2031-12-03      | Floating      | 5.72%                 | No            |                  2 | On Loan: No      |
| CNT Holdings I Corp                                                         | CNT HOLDINGS I CORP                                                | CUSIP: 12656AAF6<br>LEI: 254900SYIEHMSB69WT08 | Long             | LON              | CORP              | US        |    906024 | PA      | $907772.32    | 0.57%             | 2032-11-08      | Floating      | 6.09%                 | No            |                  2 | On Loan: No      |
| Applied Systems Inc                                                         | APPLIED SYSTEMS INC                                                | CUSIP: 03827FBD2<br>LEI: 549300NSKGF0SY5SWQ62 | Long             | LON              | CORP              | US        |   1960088 | PA      | $1970299.56   | 1.24%             | 2031-02-24      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Global Medical Response Inc                                                 | GLOBAL MEDICAL RESPONSE                                            | CUSIP: 37956SAB0<br>LEI: 549300ZFWD4ZFCEJCQ87 | Long             | LON              | CORP              | US        |    693843 | PA      | $697777.43    | 0.44%             | 2032-10-01      | Floating      | 7.38%                 | No            |                  2 | On Loan: No      |
| Del Monte Foods, Inc                                                        | DEL MONTE FOODS CORP II INC                                        | CUSIP: 24521WAB5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    151710 | PA      | $69786.70     | 0.04%             | 2028-08-02      | Floating      | 11.92%                | No            |                  2 | On Loan: No      |
| Pinnacle Buyer, LLC                                                         | PINNACLE BUYER LLC                                                 | CUSIP: 72349UAC6<br>LEI: 254900F51XXB8NHJPB58 | Long             | LON              | CORP              | US        |     58871 | PA      | $59055.24     | 0.04%             | 2032-10-01      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Freeport LNG Investments, LLP                                               | FREEPORT LNG INVESTMENTS LLLP                                      | CUSIP: 35670CAC2<br>LEI: 549300LR5YVRZH4YPQ33 | Long             | LON              | CORP              | US        |    773507 | PA      | $775765.34    | 0.49%             | 2028-12-21      | Floating      | 7.12%                 | No            |                  2 | On Loan: No      |
| Fugue Finance B.V.                                                          | FUGUE FINANCE LLC                                                  | CUSIP: 000000000<br>LEI: 254900Y4DWBRGAFENC88 | Long             | LON              | CORP              | HK        |    367752 | PA      | $368671.38    | 0.23%             | 2032-01-09      | Floating      | 6.57%                 | No            |                  2 | On Loan: No      |
| CVR CHC LP                                                                  | CVR CHC LP                                                         | CUSIP: 12663SAB7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    250576 | PA      | $250784.35    | 0.16%             | 2027-12-30      | Floating      | 7.67%                 | No            |                  2 | On Loan: No      |
| Paragon Offshore Finance Company                                            | Paragon Offshore Finance Co                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | KY        |       635 | PA      | $0.00         | 0.00%             | 2027-07-19      | Floating      | 3.25%                 | No            |                  3 | On Loan: No      |
| PointClickCare Technologies                                                 | POINTCLICKCARE TECHNOLOGIES INC                                    | CUSIP: 000000000<br>LEI: 5493001Z0LHHBZLVDX36 | Long             | LON              | CORP              | CA        |    282866 | PA      | $282984.86    | 0.18%             | 2031-11-03      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| Cornerstone OnDemand Inc                                                    | Cornerstone OnDemand Inc                                           | CUSIP: 86803YAB9<br>LEI: 549300Z402F16H5EGH48 | Long             | LON              | CORP              | US        |    259327 | PA      | $237283.76    | 0.15%             | 2028-10-16      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| APPLIED SYSTEMS INC                                                         | APPLIED SYSTEMS INC                                                | CUSIP: 03827FBC4<br>LEI: 549300NSKGF0SY5SWQ62 | Long             | LON              | CORP              | US        |     90000 | PA      | $91322.10     | 0.06%             | 2032-02-23      | Floating      | 8.38%                 | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INC                                                           | IRON MOUNTAIN INC                                                  | CUSIP: 46284NAV1<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | LON              | CORP              | US        |    848360 | PA      | $847299.36    | 0.53%             | 2031-01-31      | Floating      | 5.70%                 | No            |                  2 | On Loan: No      |
| AMNEAL PHARMACEUTICALS L                                                    | Amneal Pharmaceuticals LLC                                         | CUSIP: 03168LAA3<br>LEI: 54930037VIXE7LRZ1M66 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10563.10     | 0.01%             | 2032-08-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Trucordia Insurance Holdings LLC                                            | TRUCORDIA                                                          | CUSIP: 89783WAB1<br>LEI: 254900KYYP47CV7DMK95 | Long             | LON              | CORP              | US        |    364088 | PA      | $361356.84    | 0.23%             | 2032-06-17      | Floating      | 6.97%                 | No            |                  2 | On Loan: No      |
| Chart Industries, Inc.                                                      | Chart Indus 03/18/30                                               | CUSIP: 16115EAT4<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | LON              | CORP              | US        |    597922 | PA      | $599644.09    | 0.38%             | 2030-03-15      | Floating      | 6.48%                 | No            |                  2 | On Loan: No      |
| DXP Enterprises Inc                                                         | DXP ENTERPRISES INC                                                | CUSIP: 23338DAS5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    589000 | PA      | $593270.65    | 0.37%             | 2030-10-11      | Floating      | 6.97%                 | No            |                  2 | On Loan: No      |
| Ion Platform Finance Us, Inc.                                               | ION PLATFORM FINANCE US                                            | CUSIP: 46206RAC9<br>LEI: 213800FKHT3BRRKMCC89 | Long             | LON              | CORP              | US        |    660000 | PA      | $617806.20    | 0.39%             | 2032-10-07      | Floating      | 7.42%                 | No            |                  2 | On Loan: No      |
| Whitewater DBR Holdco LLC                                                   | WHITEWATER DBR HOLDCO LL                                           | CUSIP: 96616PAD0<br>LEI: 21380025GXMNBTSJP816 | Long             | LON              | CORP              | US        |    617203 | PA      | $620289.16    | 0.39%             | 2031-03-03      | Floating      | 5.94%                 | No            |                  2 | On Loan: No      |
| Parexel International Inc (f/k/a Phoenix Newco Inc)                         | PAREXEL INTL CORP                                                  | CUSIP: 71911KAF1<br>LEI: 549300GCZVUYB6P2OA17 | Long             | LON              | CORP              | US        |    714358 | PA      | $716293.81    | 0.45%             | 2031-12-09      | Floating      | 6.47%                 | No            |                  2 | On Loan: No      |
| Kaman Corporation                                                           | KAMAN CORP                                                         | CUSIP: 48354VAN2<br>LEI: 5493003YK076OLTEQF95 | Long             | LON              | CORP              | US        |     57870 | PA      | $58064.65     | 0.04%             | 2032-02-26      | Floating      | 6.43%                 | No            |                  2 | On Loan: No      |
| SEDGWICK CMS INC                                                            | SEDGWICK CLAIMS MANAGEMENT SERVICES INC                            | CUSIP: 81527CAP2<br>LEI: 549300BIN4DWJG5VWF64 | Long             | LON              | CORP              | US        |    728309 | PA      | $730436.15    | 0.46%             | 2031-07-31      | Floating      | 6.34%                 | No            |                  2 | On Loan: No      |
| Alera Group Inc                                                             | ALERA GROUP INTERMEDIATE                                           | CUSIP: 01451PAB2<br>LEI: 2549003D76KZAKICNX26 | Long             | LON              | CORP              | US        |    234412 | PA      | $235408.75    | 0.15%             | 2032-05-30      | Floating      | 6.97%                 | No            |                  2 | On Loan: No      |
| Flutter Entertainment Public Limited Company                                | FLUTTER FINANCING BV                                               | CUSIP: 000000000<br>LEI: 635400VFWPBIKJK6GN11 | Long             | LON              | CORP              | NL        |   1129325 | PA      | $1129325.00   | 0.71%             | 2032-06-04      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| Pye Barker Fire & Safety LLC                                                | PYE-BARKER FIRE & SAFETY                                           | CUSIP: 69380SAC7<br>LEI: 254900K8RDMGUBC44870 | Long             | LON              | CORP              | US        |     13614 | PA      | $13693.68     | 0.01%             | 2032-12-16      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                                            | CSC Holdings LLC                                                   | CUSIP: 126307BB2<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    200000 | PA      | $122640.68    | 0.08%             | 2030-12-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Triton Water Holdings Inc                                                   | PRIMO BRANDS CORP                                                  | CUSIP: 89678QAD8<br>LEI: 254900J0WS4AXV2LAX55 | Long             | LON              | CORP              | US        |   1049426 | PA      | $1051965.94   | 0.66%             | 2028-03-31      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| LifePoint Health Inc                                                        | LIFEPOINT HEALTH INC                                               | CUSIP: 75915TAK8<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | LON              | CORP              | US        |    321315 | PA      | $322202.27    | 0.20%             | 2031-05-16      | Floating      | 8.58%                 | No            |                  2 | On Loan: No      |
| Kuehg Corp.                                                                 | KUEHG CORP                                                         | CUSIP: 50118YAH2<br>LEI: 549300YNT566T1NYJX62 | Long             | LON              | CORP              | US        |    620018 | PA      | $600536.56    | 0.38%             | 2030-06-12      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| Entain PLC                                                                  | ENTAIN HOLDINGS GIBRALTA                                           | CUSIP: 000000000<br>LEI: 213800ATWJIEYQ8NF838 | Long             | LON              | CORP              | GI        |    276507 | PA      | $274607.40    | 0.17%             | 2029-10-31      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| Pac Dac LLC                                                                 | PAC AVIATION INTERNATION                                           | CUSIP: 69450PAB0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    840000 | PA      | $831079.20    | 0.52%             | 2030-10-28      | Floating      | 7.11%                 | No            |                  2 | On Loan: No      |
| Sinclair Television Group Inc                                               | SINCLAIR TELEVISION GROU                                           | CUSIP: 829229AV5<br>LEI: 549300CQGEN0CH65UD62 | Long             | LON              | CORP              | US        |   1069625 | PA      | $967475.81    | 0.61%             | 2030-12-31      | Floating      | 7.92%                 | No            |                  2 | On Loan: No      |
| DG Investment Intermediate Holdings 2 Inc                                   | DG INVESTMENT INTERMEDI                                            | CUSIP: 23344MAM0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    809088 | PA      | $809088.40    | 0.51%             | 2032-07-09      | Floating      | 7.57%                 | No            |                  2 | On Loan: No      |
| Central Parent LLC                                                          | CENTRAL PARENT INC                                                 | CUSIP: 15477BAE7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    767544 | PA      | $648252.30    | 0.41%             | 2029-07-06      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| Crisis Prevention Institute, Inc.                                           | TEI HOLDINGS INC                                                   | CUSIP: 22663GAD8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    351450 | PA      | $348374.81    | 0.22%             | 2031-04-09      | Floating      | 7.67%                 | No            |                  2 | On Loan: No      |
| Cogeco Communications Finance (USA) LP                                      | COGECO COMMUNICATIONS USA II LP                                    | CUSIP: 19239BAD0<br>LEI: 549300UVJTPYOZ6XKH79 | Long             | LON              | CORP              | US        |    887387 | PA      | $854739.66    | 0.54%             | 2030-09-18      | Floating      | 6.97%                 | No            |                  2 | On Loan: No      |
| GATES CORPORATION/DE                                                        | GATES CORPORATION                                                  | CUSIP: 36740UAY8<br>LEI: 984500F43C791F4C7894 | Long             | LON              | CORP              | US        |    544721 | PA      | $545853.98    | 0.34%             | 2031-06-04      | Floating      | 5.45%                 | No            |                  2 | On Loan: No      |
| Hunter Douglas Holding BV                                                   | HUNTER DOUGLAS INC                                                 | CUSIP: 000000000<br>LEI: 529900811T142NS3H544 | Long             | LON              | CORP              | US        |    475023 | PA      | $476804.12    | 0.30%             | 2032-01-17      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| Shift4 Payments LLC                                                         | SHIFT4PAYMENTSLLC                                                  | CUSIP: 000000000<br>LEI: 254900GTEMR7L40VPI74 | Long             | LON              | CORP              | US        |    159600 | PA      | $160431.52    | 0.10%             | 2032-06-30      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| GRAHAM PACKAGING/GPC CAP                                                    | Graham Packaging Co Inc                                            | CUSIP: 384701AA6<br>LEI: 549300YS0ZFT826HIK72 | Long             | DBT              | CORP              | US        |    615000 | PA      | $615524.60    | 0.39%             | 2028-08-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| USALCO LLC                                                                  | USALCO LLC                                                         | CUSIP: 91732NAN3<br>LEI: 5493006WBYB0CYPCSG20 | Long             | LON              | CORP              | US        |    542232 | PA      | $544097.67    | 0.34%             | 2031-09-30      | Floating      | 7.22%                 | No            |                  2 | On Loan: No      |
| AmWINS Group Inc                                                            | AMWINS GROUP INC                                                   | CUSIP: 03234TBA5<br>LEI: 549300SJE7MUB8NMRG61 | Long             | LON              | CORP              | US        |    851884 | PA      | $854013.55    | 0.54%             | 2032-01-30      | Floating      | 5.97%                 | No            |                  2 | On Loan: No      |
| South Field Energy LLC                                                      | SOUTH FIELD ENERGY LLC                                             | CUSIP: 83783XAF3<br>LEI: 549300M3RBW5ZIH20760 | Long             | LON              | CORP              | US        |     14540 | PA      | $14630.44     | 0.01%             | 2031-08-29      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| Univision Communications Inc                                                | UNIVISION COMMUNICATIONS INC                                       | CUSIP: 914908BG2<br>LEI: 549300YQDE2JSGTL8V47 | Long             | LON              | CORP              | US        |   1050512 | PA      | $1046897.75   | 0.66%             | 2029-01-31      | Floating      | 7.33%                 | No            |                  2 | On Loan: No      |
| Alera Group Inc                                                             | ALERA GROUP INTERMEDIATE                                           | CUSIP: 01451PAD8<br>LEI: 2549003D76KZAKICNX26 | Long             | LON              | CORP              | US        |    214462 | PA      | $218269.21    | 0.14%             | 2033-05-30      | Floating      | 9.22%                 | No            |                  2 | On Loan: No      |
| Construction Partners Inc                                                   | CONSTRUCTION PARTNERS INC                                          | CUSIP: 21043XAH5<br>LEI: 549300MHLFL4E8JLZU44 | Long             | LON              | CORP              | US        |    985732 | PA      | $991893.17    | 0.62%             | 2031-11-03      | Floating      | 6.22%                 | No            |                  2 | On Loan: No      |
| ESC NMG Parent LLC                                                          | ESC NMG Parent LLC                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3033 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Kaman Corporation                                                           | KAMAN CORP                                                         | CUSIP: 48354VAM4<br>LEI: 5493003YK076OLTEQF95 | Long             | LON              | CORP              | US        |    610650 | PA      | $612701.42    | 0.38%             | 2032-02-26      | Floating      | 6.43%                 | No            |                  2 | On Loan: No      |
| BrightView Landscapes LLC                                                   | BRIGHTVIEW LANDSCAPES                                              | CUSIP: 10801XAL1<br>LEI: 549300OSAEQC89PVOW06 | Long             | LON              | CORP              | US        |    683118 | PA      | $683118.09    | 0.43%             | 2029-04-20      | Floating      | 5.84%                 | 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        |    510000 | PA      | $496961.69    | 0.31%             | 2028-04-30      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Playtika Holding Corp                                                       | Playtika Holding Corp                                              | CUSIP: 72814CAF5<br>LEI: 254900E35Z4TKA4UFG64 | Long             | LON              | CORP              | US        |    920170 | PA      | $887347.27    | 0.56%             | 2028-03-13      | Floating      | 6.58%                 | No            |                  2 | On Loan: No      |
| Agiliti Health Inc                                                          | AGILITI HEALTH INC                                                 | CUSIP: 00847YAE2<br>LEI: 25490002CCQ55NKGNB14 | Long             | LON              | CORP              | US        |    481451 | PA      | $470617.91    | 0.30%             | 2030-05-01      | Floating      | 6.86%                 | No            |                  2 | On Loan: No      |
| State Street SPDR Bloomberg High Yield Bond ETF                             | State Street SPDR Bloomberg High Yield Bond ETF                    | CUSIP: 78468R622<br>LEI: 549300NCLW2248PN7J24 | Long             | EC               | RF                | US        |     10405 | NS      | $1011470.05   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Proofpoint Inc                                                              | PROOFPOINT INC                                                     | CUSIP: 74345HAJ0<br>LEI: 529900C5FODDK0WSR085 | Long             | LON              | CORP              | US        |   1107503 | PA      | $1112188.11   | 0.70%             | 2028-08-31      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| CHG PPC Parent LLC                                                          | CHG PPC Parent LLC                                                 | CUSIP: 12546FAF9<br>LEI: 54930019XJQNJAGXQ664 | Long             | LON              | CORP              | US        |    572757 | PA      | $574189.19    | 0.36%             | 2028-12-08      | Floating      | 6.83%                 | No            |                  2 | On Loan: No      |
| LUMMUS TECHNOLOGY HOLDINGS V LLC                                            | LUMMUS TECHNOLOGY HOLDINGS                                         | CUSIP: 45232UAH1<br>LEI: 549300K1Y0YC1YC1H809 | Long             | LON              | CORP              | US        |    997709 | PA      | $998068.59    | 0.63%             | 2029-12-31      | Floating      | 6.22%                 | No            |                  2 | On Loan: No      |
| Innio Group Holding GmbH (f/k/a AI Alpine AT Bidco)                         | INNIO GROUP HOLDING GMBH                                           | CUSIP: 000000000<br>LEI: 2549000WCDQX6ZM7AW92 | Long             | LON              | CORP              | DE        |    485000 | PA      | $486212.50    | 0.31%             | 2028-11-02      | Floating      | 6.13%                 | No            |                  2 | On Loan: No      |
| Hanger Inc                                                                  | HANGER INC                                                         | CUSIP: 41043BAH1<br>LEI: 254900ZJJJYVLHJXSZ60 | Long             | LON              | CORP              | US        |    585790 | PA      | $587236.51    | 0.37%             | 2031-10-23      | Floating      | 7.22%                 | No            |                  2 | On Loan: No      |
| Green Infrastructure Partners Inc.                                          | GREEN INFRASTRUCTURE PARTNERS INC                                  | CUSIP: 000000000<br>LEI: 549300W1V7LSCKWMX505 | Long             | LON              | CORP              | CA        |    270000 | PA      | $270000.00    | 0.17%             | 2032-09-24      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| Pinnacle Buyer, LLC                                                         | PINNACLE BUYER LLC                                                 | CUSIP: 72349UAB8<br>LEI: 254900F51XXB8NHJPB58 | Long             | LON              | CORP              | US        |    306129 | PA      | $307087.21    | 0.19%             | 2032-10-01      | Floating      | 6.49%                 | No            |                  2 | On Loan: No      |
| Paradigm Parent, LLC                                                        | PARADIGM PARENT LLC                                                | CUSIP: 69902BAB5<br>LEI: 254900EDT9YE5UFH3458 | Long             | LON              | CORP              | US        |    179550 | PA      | $157499.46    | 0.10%             | 2032-04-16      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| West Marine / Rising Tide - Common Stock                                    | West Marine / Rising Tide - Common Stock                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1450 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Cloud Software Group Inc                                                    | CLOUD SOFTWARE GRP INC                                             | CUSIP: 88632NBK5<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | LON              | CORP              | US        |    595508 | PA      | $595972.00    | 0.37%             | 2031-03-21      | Floating      | 7.03%                 | No            |                  2 | On Loan: No      |
| Acrisure LLC                                                                | ACRISURE LLC                                                       | CUSIP: 00488PAX3<br>LEI: 549300R0Z1Q47XRTGO22 | Long             | LON              | CORP              | US        |   1643811 | PA      | $1643120.53   | 1.03%             | 2032-06-21      | Floating      | 6.97%                 | No            |                  2 | On Loan: No      |
| Pye Barker Fire & Safety LLC                                                | PYE-BARKER FIRE & SAFETY                                           | CUSIP: 69380SAB9<br>LEI: 254900K8RDMGUBC44870 | Long             | LON              | CORP              | US        |     91111 | PA      | $91642.29     | 0.06%             | 2032-12-16      | Floating      | 6.21%                 | No            |                  2 | On Loan: No      |
| INDICOR LLC                                                                 | ROPER INDUSTRIAL PRODUCT                                           | CUSIP: 77669LAK9<br>LEI: 254900RXO1EICEHOLG29 | Long             | LON              | CORP              | US        |   1086137 | PA      | $1091937.34   | 0.69%             | 2029-11-22      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| Clydesdale Acquisition Holdings Inc                                         | CLYDESDALE ACQUISITION                                             | CUSIP: 18972FAC6<br>LEI: 254900QKSDYFR3K5YD98 | Long             | LON              | CORP              | US        |   1007420 | PA      | $1007591.70   | 0.63%             | 2029-04-13      | Floating      | 6.89%                 | No            |                  2 | On Loan: No      |
| Invesco Senior Loan ETF                                                     | Invesco Senior Loan ETF                                            | CUSIP: 46138G508<br>LEI: 549300SIHU6DQELRNG59 | Long             | EC               | RF                | US        |     47970 | NS      | $1007370.00   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| CPM Holdings Inc                                                            | CPM HOLDINGS INC                                                   | CUSIP: 12620BAR1<br>LEI: 549300FBUISJCXV8IB65 | Long             | LON              | CORP              | US        |    592402 | PA      | $588782.88    | 0.37%             | 2028-09-28      | Floating      | 8.34%                 | No            |                  2 | On Loan: No      |
| Live Nation Entertainment Inc                                               | LIVE NATION ENTERTAINMENT INC                                      | CUSIP: 53803HAY6<br>LEI: 5493007B9BM9ZXJINO78 | Long             | LON              | CORP              | US        |    315000 | PA      | $315000.00    | 0.20%             | 2032-10-21      | Floating      | 5.73%                 | No            |                  2 | On Loan: No      |
| IVC Acquisition Ltd                                                         | VETSTRATEGY CANADA HOLDINGS INC                                    | CUSIP: 000000000<br>LEI: 254900WZMD2JOGND1Z32 | Long             | LON              | CORP              | CA        |    850388 | PA      | $854427.13    | 0.54%             | 2028-12-12      | Floating      | 7.42%                 | No            |                  2 | On Loan: No      |
| Heartland Dental LLC                                                        | HEARTLAND DENTAL LLC                                               | CUSIP: 42236WAX5<br>LEI: 5493008FRC0GRKBN1075 | Long             | LON              | CORP              | US        |    502475 | PA      | $504188.44    | 0.32%             | 2032-08-25      | Floating      | 7.47%                 | No            |                  2 | On Loan: No      |
| Neptune Bidco Us Inc.                                                       | Neptune Bidco US Inc                                               | CUSIP: 64069JAC6<br>LEI: 549300VG15T3VCYZ4531 | Long             | LON              | CORP              | US        |   1031931 | PA      | $1019289.83   | 0.64%             | 2029-04-11      | Floating      | 9.01%                 | No            |                  2 | On Loan: No      |
| Chobani LLC                                                                 | CHOBANI LLC                                                        | CUSIP: 17026YAL3<br>LEI: 549300ISVDMZ91KNTR38 | Long             | LON              | CORP              | US        |    385000 | PA      | $386540.00    | 0.24%             | 2032-10-22      | Floating      | 5.97%                 | No            |                  2 | On Loan: No      |
| UKG INC                                                                     | UKG INC                                                            | CUSIP: 89841EAB1<br>LEI: 529900FKHWSTQ1GXK240 | Long             | LON              | CORP              | US        |   1671860 | PA      | $1672529.09   | 1.05%             | 2031-02-10      | Floating      | 6.22%                 | No            |                  2 | On Loan: No      |
| Albion Financing 3 SARL                                                     | AGGREKO HOLDINGS INC                                               | CUSIP: 01330EAD0<br>LEI: 213800VFJ5CIN2NUQ821 | Long             | LON              | CORP              | US        |    429225 | PA      | $431371.47    | 0.27%             | 2031-05-21      | Floating      | 6.87%                 | No            |                  2 | On Loan: No      |
| GLOBAL MEDICAL RESPONSE                                                     | Global Medical Response Inc                                        | CUSIP: 37960BAD7<br>LEI: 549300ZFWD4ZFCEJCQ87 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20787.48     | 0.01%             | 2032-10-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| HUB International Ltd                                                       | HUB INTERNATIONAL LTD                                              | CUSIP: 44332EAZ9<br>LEI: 549300JQT6ATTUNS5E06 | Long             | LON              | CORP              | US        |    586503 | PA      | $589282.73    | 0.37%             | 2030-06-20      | Floating      | 6.12%                 | No            |                  2 | On Loan: No      |
| Argent Finco LLC                                                            | ARGENT FINCO LLC                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    105000 | PA      | $105656.25    | 0.07%             | 2032-11-12      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| BMC Software (Boxer/ Bladelogic)                                            | BMC SOFTWARE INC                                                   | CUSIP: 05988HAQ0<br>LEI: 5493006T045HLTF7YX04 | Long             | LON              | CORP              | US        |    598303 | PA      | $596274.50    | 0.37%             | 2031-07-30      | Floating      | 6.82%                 | No            |                  2 | On Loan: No      |
| Dynamo Us Bidco Inc.                                                        | DYNAMO US BIDCO INC                                                | CUSIP: 26806DAC6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    148129 | PA      | $149424.88    | 0.09%             | 2031-09-30      | Floating      | 7.09%                 | No            |                  2 | On Loan: No      |
| ALBION FINANCING 1SARL /                                                    | Albion Financing 1 SARL / Aggreko Holdings Inc                     | CUSIP: 01330AAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |    500000 | PA      | $521855.35    | 0.33%             | 2030-05-21      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Truist Insurance Holdings, LLC                                              | TRUIST INSURANCE HOLDING                                           | CUSIP: 89788VAG7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    700000 | PA      | $700294.00    | 0.44%             | 2031-05-06      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| UFC Holdings LLC (Zuffa)/TKO Group                                          | UFC HOLDINGS LLC                                                   | CUSIP: 90266UAL7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    862043 | PA      | $865508.53    | 0.54%             | 2031-11-21      | Floating      | 5.87%                 | No            |                  2 | On Loan: No      |
| American Axle & Manufacturing Inc                                           | AMERICAN AXLE & MFG INC                                            | CUSIP: 02406MBB2<br>LEI: RY5TAKFOBLDUGX31MS24 | Long             | LON              | CORP              | US        |    455000 | PA      | $454808.90    | 0.29%             | 2032-02-24      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| St. Georges University Scholastic Services LLC                              | UNIVERSITY SUPPORT SERVICES                                        | CUSIP: 78957LAF9<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    574719 | PA      | $554362.84    | 0.35%             | 2029-02-10      | Floating      | 6.52%                 | No            |                  2 | On Loan: No      |
| Delivery Hero SE                                                            | DELIVERY HERO FINCO LLC                                            | CUSIP: 000000000<br>LEI: 529900KR9IO53KSCSQ67 | Long             | LON              | CORP              | US        |    661352 | PA      | $662317.08    | 0.42%             | 2029-12-12      | Floating      | 8.84%                 | No            |                  2 | On Loan: No      |
| ACRISURE LLC / FIN INC                                                      | Acrisure LLC / Acrisure Finance Inc                                | CUSIP: 00489LAH6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    515000 | PA      | $508718.53    | 0.32%             | 2029-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Medline Borrower LP                                                         | MEDLINE BORROWER LP                                                | CUSIP: 58503UAJ2<br>LEI: 254900QT3R363TVK6F09 | Long             | LON              | CORP              | US        |   1244624 | PA      | $1248644.57   | 0.78%             | 2030-10-23      | Floating      | 5.47%                 | No            |                  2 | On Loan: No      |
| Grifols Worldwide Operations USA Inc                                        | Grifols Worldwide Operations USA Inc                               | CUSIP: 39843PAG8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    700000 | PA      | $699706.00    | 0.44%             | 2027-11-15      | Floating      | 5.97%                 | No            |                  2 | On Loan: No      |
| State Street SPDR Bloomberg Short Term High Yield Bond ETF                  | State Street SPDR Bloomberg Short Term High Yield Bond ETF         | CUSIP: 78468R408<br>LEI: 549300YI2V5ELVW58659 | Long             | EC               | RF                | US        |     39210 | NS      | $992797.20    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Energizer Holdings Inc                                                      | ENERGIZER HOLDINGS INC                                             | CUSIP: 29267YAW2<br>LEI: 5493000D6NN0V57UME20 | Long             | LON              | CORP              | US        |    142456 | PA      | $142337.56    | 0.09%             | 2032-03-13      | Floating      | 5.73%                 | No            |                  2 | On Loan: No      |
| TRICORBRAUN HOLDINGS INC                                                    | TRICORBRAUN HOLDINGS INC                                           | CUSIP: 00184NAB3<br>LEI: 2549009AB5YVVW5J1U62 | Long             | LON              | CORP              | US        |    539620 | PA      | $521073.34    | 0.33%             | 2031-03-03      | Floating      | 7.00%                 | No            |                  2 | On Loan: No      |
| Arcline FM Holdings, LLC                                                    | ARCLINE FM HOLDINGS LLC                                            | CUSIP: 03960DAJ2<br>LEI: 2549000HKCEC1E8UTO17 | Long             | LON              | CORP              | US        |   1053620 | PA      | $1056580.74   | 0.66%             | 2030-06-24      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| Project Ruby Ultimate Parent Corp                                           | PROJECT RUBY ULTIMATE PARENT CORP                                  | CUSIP: 74339UBA7<br>LEI: 549300UGGIEE7YT1C741 | Long             | LON              | CORP              | US        |    928171 | PA      | $930324.82    | 0.58%             | 2028-03-10      | Floating      | 6.58%                 | No            |                  2 | On Loan: No      |
| Glatfelter Corporation                                                      | TREASURE HOLDCO INC                                                | CUSIP: 89458XAB3<br>LEI: 549300LDQLQBT38QDY28 | Long             | LON              | CORP              | US        |    330032 | PA      | $327283.18    | 0.21%             | 2031-11-04      | Floating      | 8.07%                 | No            |                  2 | On Loan: No      |
| Level 3 Financing Inc                                                       | LEVEL 3 FINANCING INC                                              | CUSIP: 52729KAU0<br>LEI: 254900AE5FEFIJOXWL19 | Long             | LON              | CORP              | US        |    705000 | PA      | $706586.25    | 0.44%             | 2032-03-29      | Floating      | 6.97%                 | No            |                  2 | On Loan: No      |
| Talen Energy Supply LLC                                                     | TALEN ENERGY SUPPLY LLC                                            | CUSIP: 87422LBA7<br>LEI: K5K33XN0PQAU1XF7NN66 | Long             | LON              | CORP              | US        |    165000 | PA      | $164897.70    | 0.10%             | 2032-11-25      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| LBM Acquisition LLC                                                         | LBM ACQUISITION LLC                                                | CUSIP: 50179JAH1<br>LEI: 549300FAEB3VWZL4NI86 | Long             | LON              | CORP              | US        |    528840 | PA      | $495179.23    | 0.31%             | 2031-06-06      | Floating      | 7.58%                 | No            |                  2 | On Loan: No      |
| Charter Communications Operating LLC                                        | CHARTER COMMUNICATIONS OPER                                        | CUSIP: 16117LCB3<br>LEI: 549300TPZNMN50BJ3745 | Long             | LON              | CORP              | US        |    917975 | PA      | $916827.22    | 0.58%             | 2030-12-07      | Floating      | 5.99%                 | No            |                  2 | On Loan: No      |
| LIFE TIME INC                                                               | LIFE TIME INC                                                      | CUSIP: 50218KAN8<br>LEI: 549300PALKE96VYH4X17 | Long             | LON              | CORP              | US        |    774160 | PA      | $776582.86    | 0.49%             | 2031-11-05      | Floating      | 5.78%                 | No            |                  2 | On Loan: No      |
| SKECHERS U.S.A. INC. (Beach Acquisition Bidco)                              | BEACH ACQUISITION BIDCO                                            | CUSIP: 07337FAB1<br>LEI: 254900F2FNX3GBTB6202 | Long             | LON              | CORP              | US        |    370000 | PA      | $372545.60    | 0.23%             | 2032-09-13      | Floating      | 7.12%                 | No            |                  2 | On Loan: No      |
| CIPHER COMPUTE LLC                                                          | Cipher Compute LLC                                                 | CUSIP: 17253NAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     15000 | PA      | $15277.24     | 0.01%             | 2030-11-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Upstream Newco Inc                                                          | Upstream Newco Inc                                                 | CUSIP: 91678HAF9<br>LEI: 549300Q4K2W4R1EBTH48 | Long             | LON              | CORP              | US        |    254934 | PA      | $226397.09    | 0.14%             | 2026-11-20      | Floating      | 8.82%                 | No            |                  2 | On Loan: No      |
| Broadstreet Partners Inc                                                    | BROADSTREET PARTNERS INC                                           | CUSIP: 11132VAY5<br>LEI: 549300BS9N54G8DD0R75 | Long             | LON              | CORP              | US        |    547648 | PA      | $549230.55    | 0.34%             | 2031-06-13      | Floating      | 6.47%                 | No            |                  2 | On Loan: No      |
| Gainwell Acquisition Corp                                                   | Gainwell Acquisition Corp                                          | CUSIP: 59909TAC8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    926544 | PA      | $908708.08    | 0.57%             | 2027-10-01      | Floating      | 7.77%                 | No            |                  2 | On Loan: No      |
| Brown Group Holding LLC                                                     | BROWN GROUP HOLDING LLC                                            | CUSIP: 11565HAB2<br>LEI: 25490094PF4HHK9QS109 | Long             | LON              | CORP              | US        |    900406 | PA      | $904502.59    | 0.57%             | 2031-07-01      | Floating      | 6.32%                 | No            |                  2 | On Loan: No      |
| LIFEPOINT HEALTH INC                                                        | LifePoint Health Inc                                               | CUSIP: 53219LAV1<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | DBT              | CORP              | US        |    550000 | PA      | $592181.15    | 0.37%             | 2030-08-15      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| TMF Sapphire Bidco BV                                                       | TMF SAPPHIRE BIDCO BV                                              | CUSIP: 000000000<br>LEI: 213800H27OKZZZ2CB779 | Long             | LON              | CORP              | NL        |    407690 | PA      | $409389.99    | 0.26%             | 2028-05-03      | Floating      | 6.69%                 | No            |                  2 | On Loan: No      |
| Focus Financial Partners LLC                                                | FOCUS FINANCIAL PARTNERS LLC                                       | CUSIP: 34416DBD9<br>LEI: 5493007L0E0VKRC2CP39 | Long             | LON              | CORP              | US        |    616888 | PA      | $617764.32    | 0.39%             | 2031-09-15      | Floating      | 6.22%                 | No            |                  2 | On Loan: No      |
| Ontario Gaming Gta Ltd Partnership                                          | ONTARIO GAMING GTA LP                                              | CUSIP: 000000000<br>LEI: 894500EC9KLZLOC3V025 | Long             | LON              | CORP              | CA        |    609135 | PA      | $562469.02    | 0.35%             | 2030-08-01      | Floating      | 7.92%                 | No            |                  2 | On Loan: No      |
| Lsf12 Crown Us Commercial Bidco, LLC                                        | LSF12 CROWN US COMMERCIAL BIDCO LLC                                | CUSIP: 50221UAD3<br>LEI: 254900FI2OCFTJ9PAJ18 | Long             | LON              | CORP              | US        |    791794 | PA      | $795997.96    | 0.50%             | 2031-12-02      | Floating      | 7.37%                 | No            |                  2 | On Loan: No      |
| Icon Parent I Inc                                                           | ICON PARENT INC                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    674212 | PA      | $674974.36    | 0.42%             | 2031-11-13      | Floating      | 6.44%                 | No            |                  2 | On Loan: No      |
| TK Elevator Midco Gmbh                                                      | TK ELEVATOR US NEWCO INC                                           | CUSIP: 000000000<br>LEI: 549300C2AFWPAYWS5574 | Long             | LON              | CORP              | US        |    511147 | PA      | $514045.35    | 0.32%             | 2030-04-30      | Floating      | 6.95%                 | No            |                  2 | On Loan: No      |
| Opal Bidco SAS                                                              | OPAL US LLC                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    783038 | PA      | $787195.43    | 0.49%             | 2032-04-28      | Floating      | 6.69%                 | No            |                  2 | On Loan: No      |
| HUNTERSTOWN GENERATION LLC                                                  | KESTREL ACQUISITION LLC                                            | CUSIP: 44579UAD4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    621415 | PA      | $621414.78    | 0.39%             | 2031-11-06      | Floating      | 8.78%                 | No            |                  2 | On Loan: No      |
| Epicor Software Corporation                                                 | EPICOR SOFTWARE CORP                                               | CUSIP: 29426NAZ7<br>LEI: JGNXVGGGXR4O1L5I7S73 | Long             | LON              | CORP              | US        |    805009 | PA      | $807174.61    | 0.51%             | 2031-05-30      | Floating      | 6.22%                 | No            |                  2 | On Loan: No      |
| Lumexa Imaging, Inc.                                                        | LUMEXA IMAGING INC                                                 | CUSIP: 90372AAN8<br>LEI: 254900QCDFUYXJEFMY06 | Long             | LON              | CORP              | US        |    210000 | PA      | $210919.80    | 0.13%             | 2032-12-13      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| Klockner Pentaplast of America Inc                                          | Kloeckner Pentaplast of America Inc                                | CUSIP: 49865NAT7<br>LEI: 5299004QDA11QZOG5N31 | Long             | LON              | CORP              | US        |    988635 | PA      | $159832.58    | 0.10%             | 2026-02-12      | Floating      | 9.02%                 | No            |                  2 | On Loan: No      |
| Hilcorp Energy I LP                                                         | HILCORP ENERGY I LP                                                | CUSIP: 431319AH5<br>LEI: 549300ITPIHLG0LHEC09 | Long             | LON              | CORP              | US        |    625275 | PA      | $625668.92    | 0.39%             | 2030-02-11      | Floating      | 5.74%                 | No            |                  2 | On Loan: No      |
| Mavis Tire Express Services Topco Corp                                      | MAVIS TIRE EXPRESS SERVICES TOPCO CORP                             | CUSIP: 57777YAG1<br>LEI: 254900NVDM4GTLBL9E56 | Long             | LON              | CORP              | US        |    555800 | PA      | $557578.56    | 0.35%             | 2028-05-04      | Floating      | 6.72%                 | No            |                  2 | On Loan: No      |
| Viasat Inc                                                                  | Viasat Inc                                                         | CUSIP: 92555WAD7<br>LEI: UFC8NYMNFSYIHNSM2I38 | Long             | LON              | CORP              | US        |    909269 | PA      | $905340.92    | 0.57%             | 2029-03-02      | Floating      | 8.33%                 | No            |                  2 | On Loan: No      |
| Froneri International Limited                                               | FRONERI US INC                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1367302 | PA      | $1365770.64   | 0.86%             | 2031-09-30      | Floating      | 6.45%                 | No            |                  2 | On Loan: No      |
| Endo Finance Holdings Inc                                                   | ENDO FINANCE HOLDINGS                                              | CUSIP: 29280UAD5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    167875 | PA      | $166406.09    | 0.10%             | 2031-04-23      | Floating      | 7.47%                 | No            |                  2 | On Loan: No      |
| AL GCX Holdings LLC                                                         | AL GCX FUND VIII HOLDINGS LLC                                      | CUSIP: 00162AAB7<br>LEI: 254900KQJGH397AKYT16 | Long             | LON              | CORP              | US        |    727776 | PA      | $726866.38    | 0.46%             | 2032-01-30      | Floating      | 5.81%                 | No            |                  2 | On Loan: No      |
| Trio Bidco, Inc.                                                            | TRIO BIDCO INC                                                     | CUSIP: 000000000<br>LEI: 254900K9XN994FY4HJ57 | Long             | LON              | CORP              | US        |    592094 | PA      | $593082.42    | 0.37%             | 2032-10-29      | Floating      | 7.67%                 | No            |                  2 | On Loan: No      |
| Hamilton Projects Acquiror LLC                                              | HAMILTON PROJECTS ACQUIROR LLC                                     | CUSIP: 000000000<br>LEI: 5493005K6XILIQ2EZY52 | Long             | LON              | CORP              | US        |    427050 | PA      | $429480.03    | 0.27%             | 2031-05-30      | Floating      | 6.22%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-02-26

**Name of Applicant:** Virtus Opportunities Trust

**Signature:** Amy Hackett

**Name of Signer:** Amy Hackett

**Title:** Vice President and Assistant Treasurer