# EDGAR Filing Document

**Accession Number:** 0001501103
**File Stem:** 0000940400-26-015358
**Filing Date:** 2026-4
**Character Count:** 115739
**Document Hash:** 35f37899c581a7c7c887e46c90c6de63
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-015358.hdr.sgml**: 20260428

**ACCESSION NUMBER**: 0000940400-26-015358

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260227

**FILED AS OF DATE**: 20260428

**DATE AS OF CHANGE**: 20260428

**PERIOD START**: 20261130

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Virtus Stone Harbor Emerging Markets Income Fund
- **CENTRAL INDEX KEY:** 0001501103

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1130

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22473
- **FILM NUMBER:** 26907899

**BUSINESS ADDRESS:**
- **STREET 1:** 101 MUNSON STREET
- **STREET 2:** SUITE 104
- **CITY:** GREENFIELD
- **STATE:** MA
- **ZIP:** 01301
- **BUSINESS PHONE:** 1-866-270-7788

**MAIL ADDRESS:**
- **STREET 1:** 101 MUNSON STREET
- **STREET 2:** SUITE 104
- **CITY:** GREENFIELD
- **STATE:** MA
- **ZIP:** 01301

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Stone Harbor Emerging Markets Income Fund
- **DATE OF NAME CHANGE:** 20101104

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Stone Harbor Emerging Markets Fixed Income Fund
- **DATE OF NAME CHANGE:** 20100910

## Nport-Ex

**VIRTUS STONE HARBOR EMERGING MARKETS INCOME FUND**

**SCHEDULE OF INVESTMENTS (Unaudited)**

**February 28, 2026**

($ reported in thousands)

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

---

| | | |
|:---|:---|:---|
|  | **Par Value**<sup>(1)</sup> | **Value** |
| **Foreign Government Securities—82.0%** | **Foreign Government Securities—82.0%** | **Foreign Government Securities—82.0%** |
| **Angola—2.5%** | **Angola—2.5%** |  |
| Republic of Angola |  |  |
| &nbsp;&nbsp;&nbsp; 144A <br>8.250%, 5/9/28<sup>(2)(3)</sup> <br>| $808 | &nbsp;&nbsp;&nbsp; $815 |
| &nbsp;&nbsp;&nbsp; 144A <br>8.000%, 11/26/29<sup>(2)</sup> <br>| 456 | &nbsp;&nbsp;&nbsp; 454 |
| &nbsp;&nbsp;&nbsp; 144A <br>8.750%, 4/14/32<sup>(2)</sup> <br>| 424 | &nbsp;&nbsp;&nbsp; 416 |
| &nbsp;&nbsp;&nbsp; RegS <br>8.250%, 5/9/28<sup>(3)(4)</sup> <br>| 1850 | &nbsp;&nbsp;&nbsp; 1866 |
| &nbsp;&nbsp;&nbsp; Republic of Angola Via <br> Avenir Issuer II Ireland <br> DAC RegS <br>6.927%, 2/19/27<sup>(4)(5)</sup> <br>| 591 | &nbsp;&nbsp;&nbsp; 584 |
|  |  | &nbsp;&nbsp;&nbsp; 4135 |
| **Argentina—17.0%** | **Argentina—17.0%** |  |
| &nbsp;&nbsp;&nbsp; Provincia de Buenos Aires <br> RegS <br>6.625%, 9/1/37<sup>(4)(6)</sup> <br>| 9157 | &nbsp;&nbsp;&nbsp; 7231 |
| Republic of Argentina |  |  |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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>1.000%, 7/9/29<sup>(3)</sup> <br>| 9763 | &nbsp;&nbsp;&nbsp; 8613 |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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>0.750%, 7/9/30<sup>(3)(6)</sup> <br>| 13882 | &nbsp;&nbsp;&nbsp; 11751 |
|  |  | &nbsp;&nbsp;&nbsp; 27595 |
| **Brazil—5.3%** | **Brazil—5.3%** |  |
| &nbsp;&nbsp;&nbsp; Brazil Notas do Tesouro <br> Nacional<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series F <br>10.000%, 1/1/27<br>| 8000 <br><sup>BRL</sup><br>| &nbsp;&nbsp;&nbsp; 1524 |
| &nbsp;&nbsp;&nbsp; Series F <br>10.000%, 1/1/31<br>| 22300 <br><sup>BRL</sup><br>| &nbsp;&nbsp;&nbsp; 3894 |
| &nbsp;&nbsp;&nbsp; Series F <br>10.000%, 1/1/33<br>| 18800 <br><sup>BRL</sup><br>| &nbsp;&nbsp;&nbsp; 3148 |
|  |  | &nbsp;&nbsp;&nbsp; 8566 |
| **Cameroon—2.4%** | **Cameroon—2.4%** |  |
| &nbsp;&nbsp;&nbsp; Republic of Cameroon <br> RegS <br>9.500%, 7/31/31<sup>(3)(4)</sup> <br>| 3882 | &nbsp;&nbsp;&nbsp; 3864 |

---

---

| | | |
|:---|:---|:---|
|  | **Par Value**<sup>(1)</sup> | **Value** |
| **Colombia—1.9%** | **Colombia—1.9%** |  |
| Titulos De Tesoreria |  |  |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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%, 6/30/32 | 7900000 <br><sup>COP</sup><br>| &nbsp;&nbsp;&nbsp; $1507 |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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>7.250%, 10/18/34 | 8275000 <br><sup>COP</sup><br>| &nbsp;&nbsp;&nbsp; 1515 |
|  |  | &nbsp;&nbsp;&nbsp; 3022 |
| **Ecuador—2.6%** | **Ecuador—2.6%** |  |
| &nbsp;&nbsp;&nbsp; Republic of Ecuador 144A <br>9.250%, 1/29/39<sup>(2)</sup> <br>| $4215 | &nbsp;&nbsp;&nbsp; 4287 |
| **Egypt—7.1%** | **Egypt—7.1%** |  |
| Arab Republic of Egypt |  |  |
| &nbsp;&nbsp;&nbsp; 144A <br>4.750%, 4/16/26<sup>(2)</sup> <br>| 7000 <br><sup>EUR</sup><br>| &nbsp;&nbsp;&nbsp; 8271 |
| &nbsp;&nbsp;&nbsp; 144A <br>6.375%, 4/11/31<sup>(2)</sup> <br>| 246 <br><sup>EUR</sup><br>| &nbsp;&nbsp;&nbsp; 291 |
| &nbsp;&nbsp;&nbsp; 144A <br>7.053%, 1/15/32<sup>(2)</sup> <br>| 2239 | &nbsp;&nbsp;&nbsp; 2253 |
| &nbsp;&nbsp;&nbsp; 144A <br>8.750%, 9/30/51<sup>(2)</sup> <br>| 825 | &nbsp;&nbsp;&nbsp; 798 |
|  |  | &nbsp;&nbsp;&nbsp; 11613 |
| **El Salvador—1.2%** | **El Salvador—1.2%** |  |
| Republic of El Salvador |  |  |
| &nbsp;&nbsp;&nbsp; RegS <br>6.375%, 1/18/27<sup>(3)(4)</sup> <br>| 1298 | &nbsp;&nbsp;&nbsp; 1300 |
| &nbsp;&nbsp;&nbsp; RegS <br>8.625%, 2/28/29<sup>(3)(4)</sup> <br>| 683 | &nbsp;&nbsp;&nbsp; 735 |
|  |  | &nbsp;&nbsp;&nbsp; 2035 |
| **Gabon—3.2%** | **Gabon—3.2%** |  |
| Republic of Gabon |  |  |
| &nbsp;&nbsp;&nbsp; 144A <br>7.000%, 11/24/31<sup>(2)(3)</sup> <br>| 1800 | &nbsp;&nbsp;&nbsp; 1469 |
| &nbsp;&nbsp;&nbsp; RegS <br>9.500%, 2/18/29<sup>(4)</sup> <br>| 4098 | &nbsp;&nbsp;&nbsp; 3770 |
|  |  | &nbsp;&nbsp;&nbsp; 5239 |
| **Ghana—0.5%** | **Ghana—0.5%** |  |
| &nbsp;&nbsp;&nbsp; Republic of Ghana 144A <br>5.000%, 7/3/35<sup>(2)(6)</sup> <br>| 900 | &nbsp;&nbsp;&nbsp; 814 |

---

*See Notes to Schedule of Investments*

------

**VIRTUS STONE HARBOR EMERGING MARKETS INCOME FUND**

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

**February 28, 2026**

($ reported in thousands)

---

| | | |
|:---|:---|:---|
|  | **Par Value**<sup>(1)</sup> | **Value** |
| **Hungary—1.3%** | **Hungary—1.3%** |  |
| &nbsp;&nbsp;&nbsp; Hungary Government <br> Bond <br>4.750%, 11/24/32<br>| 740000 <br><sup>HUF</sup><br>| &nbsp;&nbsp;&nbsp; $2133 |
| **Indonesia—2.8%** | **Indonesia—2.8%** |  |
| &nbsp;&nbsp;&nbsp; Indonesia Government <br> Bond<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;&nbsp;&nbsp;&nbsp; <br>8.375%, 3/15/34 | 27400000 <br><sup>IDR</sup><br>| &nbsp;&nbsp;&nbsp; 1843 |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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%, 4/15/39 | 40300000 <br><sup>IDR</sup><br>| &nbsp;&nbsp;&nbsp; 2771 |
|  |  | &nbsp;&nbsp;&nbsp; 4614 |
| **Ivory Coast—3.0%** | **Ivory Coast—3.0%** |  |
| Republic of Ivory Coast |  |  |
| &nbsp;&nbsp;&nbsp; 144A <br>7.625%, 1/30/33<sup>(2)(3)</sup> <br>| $3170 | &nbsp;&nbsp;&nbsp; 3395 |
| &nbsp;&nbsp;&nbsp; 144A <br>8.075%, 4/1/36<sup>(2)</sup> <br>| 305 | &nbsp;&nbsp;&nbsp; 329 |
| &nbsp;&nbsp;&nbsp; RegS <br>5.250%, 3/22/30<sup>(4)</sup> <br>| 553 <br><sup>EUR</sup><br>| &nbsp;&nbsp;&nbsp; 662 |
| &nbsp;&nbsp;&nbsp; RegS <br>5.875%, 10/17/31<sup>(4)</sup> <br>| 465 <br><sup>EUR</sup><br>| &nbsp;&nbsp;&nbsp; 560 |
|  |  | &nbsp;&nbsp;&nbsp; 4946 |
| **Kenya—1.9%** | **Kenya—1.9%** |  |
| &nbsp;&nbsp;&nbsp; Republic of Kenya 144A <br>9.500%, 3/5/36<sup>(2)(3)</sup> <br>| 2900 | &nbsp;&nbsp;&nbsp; 3047 |
| **Lebanon—0.2%** | **Lebanon—0.2%** |  |
| &nbsp;&nbsp;&nbsp; Lebanon Government <br> International Bond <br> RegS <br>8.250%, 4/12/21<sup>(4)(7)</sup> <br>| 848 | &nbsp;&nbsp;&nbsp; 249 |
| **Mexico—6.1%** | **Mexico—6.1%** |  |
| Mex Bonos Desarr |  |  |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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>5.500%, 3/4/27 | 29000 <br><sup>MXN</sup><br>| &nbsp;&nbsp;&nbsp; 1661 |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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>7.750%, 11/23/34 | 58000 <br><sup>MXN</sup><br>| &nbsp;&nbsp;&nbsp; 3214 |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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>7.750%, 11/13/42 | 98800 <br><sup>MXN</sup><br>| &nbsp;&nbsp;&nbsp; 5052 |
|  |  | &nbsp;&nbsp;&nbsp; 9927 |
| **Pakistan—1.9%** | **Pakistan—1.9%** |  |
| &nbsp;&nbsp;&nbsp; Islamic Republic of <br> Pakistan 144A <br>6.000%, 4/8/26<sup>(2)(3)</sup> <br>| 3020 | &nbsp;&nbsp;&nbsp; 3017 |

---

---

| | | |
|:---|:---|:---|
|  | **Par Value**<sup>(1)</sup> | **Value** |
| **Poland—2.5%** | **Poland—2.5%** |  |
| &nbsp;&nbsp;&nbsp; Poland Government Bond <br>6.000%, 10/25/33<br>| 13200 <br><sup>PLN</sup><br>| &nbsp;&nbsp;&nbsp; $4008 |
| **Romania—1.1%** | **Romania—1.1%** |  |
| &nbsp;&nbsp;&nbsp; Romania Government <br> Bond <br>6.300%, 4/25/29<br>| 7400 <br><sup>RON</sup><br>| &nbsp;&nbsp;&nbsp; 1733 |
| **Senegal—0.4%** | **Senegal—0.4%** |  |
| &nbsp;&nbsp;&nbsp; Republic of Senegal RegS <br>4.750%, 3/13/28<sup>(4)</sup> <br>| 708 <br><sup>EUR</sup><br>| &nbsp;&nbsp;&nbsp; 663 |
| **South Africa—5.5%** | **South Africa—5.5%** |  |
| Republic of South Africa |  |  |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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>10.500%, 12/21/26 | 16000 <br><sup>ZAR</sup><br>| &nbsp;&nbsp;&nbsp; 1033 |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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>10.500%, 12/21/27 | 16000 <br><sup>ZAR</sup><br>| &nbsp;&nbsp;&nbsp; 1066 |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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%, 3/31/36 | 16700 <br><sup>ZAR</sup><br>| &nbsp;&nbsp;&nbsp; 914 |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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%, 2/28/41 | 38600 <br><sup>ZAR</sup><br>| &nbsp;&nbsp;&nbsp; 2018 |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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>8.750%, 1/31/44 | 25700 <br><sup>ZAR</sup><br>| &nbsp;&nbsp;&nbsp; 1626 |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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>8.750%, 2/28/48 | 36800 <br><sup>ZAR</sup><br>| &nbsp;&nbsp;&nbsp; 2336 |
|  |  | &nbsp;&nbsp;&nbsp; 8993 |
| **Sri Lanka—0.3%** | **Sri Lanka—0.3%** |  |
| Republic of Sri Lanka |  |  |
| &nbsp;&nbsp;&nbsp; 144A <br>4.000%, 4/15/28<sup>(2)</sup> <br>| $57 | &nbsp;&nbsp;&nbsp; 56 |
| &nbsp;&nbsp;&nbsp; 144A <br>3.100%, 1/15/30<sup>(2)(6)</sup> <br>| 112 | &nbsp;&nbsp;&nbsp; 112 |
| &nbsp;&nbsp;&nbsp; 144A <br>3.350%, 3/15/33<sup>(2)(6)</sup> <br>| 114 | &nbsp;&nbsp;&nbsp; 106 |
| &nbsp;&nbsp;&nbsp; 144A <br>3.600%, 6/15/35<sup>(2)(6)</sup> <br>| 77 | &nbsp;&nbsp;&nbsp; 63 |
| &nbsp;&nbsp;&nbsp; 144A <br>3.600%, 2/15/38<sup>(2)(6)</sup> <br>| 107 | &nbsp;&nbsp;&nbsp; 106 |
|  |  | &nbsp;&nbsp;&nbsp; 443 |
| **Tunisia—0.4%** | **Tunisia—0.4%** |  |
| &nbsp;&nbsp;&nbsp; Tunisian Republic 144A <br>6.375%, 7/15/26<sup>(2)</sup> <br>| 608 <br><sup>EUR</sup><br>| &nbsp;&nbsp;&nbsp; 717 |
| **Turkey—0.4%** | **Turkey—0.4%** |  |
| &nbsp;&nbsp;&nbsp; Turkiye Government Bond <br>36.000%, 8/12/26<br>| 31000 <br><sup>TRY</sup><br>| &nbsp;&nbsp;&nbsp; 714 |

---

*See Notes to Schedule of Investments*

------

**VIRTUS STONE HARBOR EMERGING MARKETS INCOME FUND**

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

**February 28, 2026**

($ reported in thousands)

---

| | | |
|:---|:---|:---|
|  | **Par Value**<sup>(1)</sup> | **Value** |
| **Ukraine—7.0%** | **Ukraine—7.0%** |  |
| Ukraine Government Bond |  |  |
| &nbsp;&nbsp;&nbsp; 144A <br>0.000%, 2/1/30<sup>(2)(6)</sup> <br>| $46 | &nbsp;&nbsp;&nbsp; $30 |
| &nbsp;&nbsp;&nbsp; 144A <br>0.000%, 2/1/34<sup>(2)(6)</sup> <br>| 174 | &nbsp;&nbsp;&nbsp; 85 |
| &nbsp;&nbsp;&nbsp; 144A <br>4.500%, 2/1/34<sup>(2)(6)</sup> <br>| 384 | &nbsp;&nbsp;&nbsp; 239 |
| &nbsp;&nbsp;&nbsp; 144A <br>4.500%, 2/1/35<sup>(2)(6)</sup> <br>| 299 | &nbsp;&nbsp;&nbsp; 181 |
| &nbsp;&nbsp;&nbsp; 144A <br>0.000%, 2/1/36<sup>(2)(6)</sup> <br>| 123 | &nbsp;&nbsp;&nbsp; 69 |
| &nbsp;&nbsp;&nbsp; 144A <br>4.500%, 2/1/36<sup>(2)(6)</sup> <br>| 331 | &nbsp;&nbsp;&nbsp; 198 |
| &nbsp;&nbsp;&nbsp; RegS <br>4.000%, 2/1/32<sup>(4)(6)</sup> <br>| 6599 | &nbsp;&nbsp;&nbsp; 5115 |
| &nbsp;&nbsp;&nbsp; RegS <br>4.500%, 2/1/34<sup>(4)(6)</sup> <br>| 8298 | &nbsp;&nbsp;&nbsp; 5153 |
| &nbsp;&nbsp;&nbsp; RegS <br>4.500%, 2/1/35<sup>(4)(6)</sup> <br>| 561 | &nbsp;&nbsp;&nbsp; 341 |
|  |  | &nbsp;&nbsp;&nbsp; 11411 |
| **Venezuela—1.2%** | **Venezuela—1.2%** |  |
| &nbsp;&nbsp;&nbsp; Bolivarian Republic of <br> Venezuela RegS <br>11.750%, 10/21/26<sup>(4)(7)</sup> <br>| 4165 | &nbsp;&nbsp;&nbsp; 1928 |
| **Zambia—2.3%** | **Zambia—2.3%** |  |
| Republic of Zambia |  |  |
| &nbsp;&nbsp;&nbsp; 144A <br>5.750%, 6/30/33<sup>(2)(6)</sup> <br>| 3840 | &nbsp;&nbsp;&nbsp; 3734 |
| &nbsp;&nbsp;&nbsp; 144A <br>0.500%, 12/31/53<sup>(2)</sup> <br>| — <br><sup>(8)</sup><br>| &nbsp;&nbsp;&nbsp; — <br><sup>(8</sup>)<br>|
|  |  | &nbsp;&nbsp;&nbsp; 3734 |
| **Total Foreign Government** <br> **Securities** <br>**(Identified Cost $123,474)** | **Total Foreign Government** <br> **Securities** <br>**(Identified Cost $123,474)** | &nbsp;&nbsp;&nbsp; **133447** |
| **Corporate Bonds and Notes—34.0%** | **Corporate Bonds and Notes—34.0%** | **Corporate Bonds and Notes—34.0%** |
| **Angola—0.5%** | **Angola—0.5%** |  |
| &nbsp;&nbsp;&nbsp; Azule Energy Finance plc <br> 144A <br>8.125%, 1/23/30<sup>(2)</sup> <br>| 750 | &nbsp;&nbsp;&nbsp; 762 |

---

---

| | | |
|:---|:---|:---|
|  | **Par Value**<sup>(1)</sup> | **Value** |
| **Argentina—0.5%** | **Argentina—0.5%** |  |
| &nbsp;&nbsp;&nbsp; Generacion Mediterranea <br> S.A. 144A <br>11.000%, 11/1/31<sup>(2)(7)</sup> <br>| $1061 | &nbsp;&nbsp;&nbsp; $745 |
| **Brazil—3.7%** | **Brazil—3.7%** |  |
| &nbsp;&nbsp;&nbsp; Constellation Oil Services <br> Holding S.A. 144A <br>9.375%, 11/7/29<sup>(2)(3)</sup> <br>| 813 | &nbsp;&nbsp;&nbsp; 848 |
| &nbsp;&nbsp;&nbsp; MC Brazil Downstream <br> Trading S.a.r.l. 144A <br>7.250%, 6/30/31<sup>(2)</sup> <br>| 1574 | &nbsp;&nbsp;&nbsp; 1353 |
| &nbsp;&nbsp;&nbsp; OHI Group S.A. 144A <br>13.000%, 7/22/29<sup>(2)(3)</sup> <br>| 1305 | &nbsp;&nbsp;&nbsp; 1325 |
| &nbsp;&nbsp;&nbsp; Samarco Mineracao S.A. <br> (9.500% PIK) 144A <br>9.500%, 6/30/31<sup>(2)(3)(9)</sup> <br>| 2493 | &nbsp;&nbsp;&nbsp; 2504 |
|  |  | &nbsp;&nbsp;&nbsp; 6030 |
| **Colombia—2.5%** | **Colombia—2.5%** |  |
| Gran Tierra Energy, 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 <br> 9.500%, 10/15/29<sup>(2)</sup> <br>| 3445 | &nbsp;&nbsp;&nbsp; 2760 |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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 <br> 9.750%, 4/15/31<sup>(2)</sup> <br>| 750 | &nbsp;&nbsp;&nbsp; 604 |
| &nbsp;&nbsp;&nbsp; SierraCol Energy <br> Andina LLC 144A <br>9.000%, 11/14/30<sup>(2)</sup> <br>| 647 | &nbsp;&nbsp;&nbsp; 654 |
|  |  | &nbsp;&nbsp;&nbsp; 4018 |
| **Ghana—0.4%** | **Ghana—0.4%** |  |
| &nbsp;&nbsp;&nbsp; Kosmos Energy Gta <br> Holdings 144A, RegS <br>11.250%, 1/29/31<sup>(2)(4)</sup> <br>| 300 | &nbsp;&nbsp;&nbsp; 305 |
| &nbsp;&nbsp;&nbsp; Kosmos Energy Ltd. RegS <br>7.750%, 5/1/27<sup>(4)</sup> <br>| 410 | &nbsp;&nbsp;&nbsp; 403 |
|  |  | &nbsp;&nbsp;&nbsp; 708 |

---

*See Notes to Schedule of Investments*

------

**VIRTUS STONE HARBOR EMERGING MARKETS INCOME FUND**

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

**February 28, 2026**

($ reported in thousands)

---

| | | |
|:---|:---|:---|
|  | **Par Value**<sup>(1)</sup> | **Value** |
| **India—0.7%** | **India—0.7%** |  |
| &nbsp;&nbsp;&nbsp; Vedanta Resources <br> Finance II plc<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;&nbsp;&nbsp;&nbsp; <br>144A <br> 10.875%, 9/17/29<sup>(2)</sup> <br>| $343 | &nbsp;&nbsp;&nbsp; $367 |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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 <br> 9.475%, 7/24/30<sup>(2)</sup> <br>| 674 | &nbsp;&nbsp;&nbsp; 709 |
|  |  | &nbsp;&nbsp;&nbsp; 1076 |
| **Israel—0.5%** | **Israel—0.5%** |  |
| &nbsp;&nbsp;&nbsp; Leviathan Bond Ltd. 144A, <br> RegS <br>6.750%, 6/30/30<sup>(2)(4)</sup> <br>| 800 | &nbsp;&nbsp;&nbsp; 824 |
| **Kazakhstan—1.6%** | **Kazakhstan—1.6%** |  |
| &nbsp;&nbsp;&nbsp; Development Bank of <br> Kazakhstan JSC<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;&nbsp;&nbsp;&nbsp; <br>144A <br> 10.950%, 5/6/26<sup>(2)</sup> <br>| 506000 <br><sup>KZT</sup><br>| &nbsp;&nbsp;&nbsp; 999 |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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 <br> 13.000%, 4/15/27<sup>(2)</sup> <br>| 270000 <br><sup>KZT</sup><br>| &nbsp;&nbsp;&nbsp; 512 |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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 <br> 13.489%, 5/23/28<sup>(2)</sup> <br>| 590000 <br><sup>KZT</sup><br>| &nbsp;&nbsp;&nbsp; 1100 |
|  |  | &nbsp;&nbsp;&nbsp; 2611 |
| **Mexico—16.6%** | **Mexico—16.6%** |  |
| &nbsp;&nbsp;&nbsp; Banco Mercantil del Norte <br> S.A.<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;&nbsp;&nbsp;&nbsp; <br>144A 6.625%<sup>(2)(10)</sup> <br>| 426 | &nbsp;&nbsp;&nbsp; 423 |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 8.375%<sup>(2)(3)(10)</sup> <br>| 392 | &nbsp;&nbsp;&nbsp; 418 |
| Petroleos Mexicanos |  |  |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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>8.750%, 6/2/29<sup>(3)</sup> <br>| 5232 | &nbsp;&nbsp;&nbsp; 5629 |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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>7.690%, 1/23/50<sup>(3)</sup> <br>| 4621 | &nbsp;&nbsp;&nbsp; 4197 |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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>RegS <br> 6.700%, 2/16/32<sup>(4)</sup> <br>| 293 | &nbsp;&nbsp;&nbsp; 273 |
| &nbsp;&nbsp;&nbsp; Series 14-2 <br>7.470%, 11/12/26<br>| 25240 <br><sup>MXN</sup><br>| &nbsp;&nbsp;&nbsp; 1458 |

---

---

| | | |
|:---|:---|:---|
|  | **Par Value**<sup>(1)</sup> | **Value** |
| **Mexico—continued** | **Mexico—continued** |  |
| &nbsp;&nbsp;&nbsp; Poinsettia Finance Ltd. <br> S.a.r.l. RegS <br>6.625%, 6/17/31<sup>(4)</sup> <br>| $14855 | &nbsp;&nbsp;&nbsp; $14603 |
|  |  | &nbsp;&nbsp;&nbsp; 27001 |
| **Nigeria—0.6%** | **Nigeria—0.6%** |  |
| IHS Holding Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A <br> 6.250%, 11/29/28<sup>(2)</sup> <br>| 487 | &nbsp;&nbsp;&nbsp; 488 |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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 <br> 7.875%, 5/29/30<sup>(2)</sup> <br>| 103 | &nbsp;&nbsp;&nbsp; 108 |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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 <br> 8.250%, 11/29/31<sup>(2)</sup> <br>| 317 | &nbsp;&nbsp;&nbsp; 338 |
|  |  | &nbsp;&nbsp;&nbsp; 934 |
| **Peru—0.4%** | **Peru—0.4%** |  |
| &nbsp;&nbsp;&nbsp; Petroleos del Peru S.A. <br> RegS <br>4.750%, 6/19/32<sup>(4)</sup> <br>| 958 | &nbsp;&nbsp;&nbsp; 704 |
| **Turkey—1.3%** | **Turkey—1.3%** |  |
| &nbsp;&nbsp;&nbsp; ADM Elektrik Dagitim AS <br> 144A <br>9.500%, 2/5/31<sup>(2)</sup> <br>| 545 | &nbsp;&nbsp;&nbsp; 545 |
| &nbsp;&nbsp;&nbsp; Aydem Yenilenebilir Enerji <br> AS 144A <br>9.875%, 9/30/30<sup>(2)</sup> <br>| 693 | &nbsp;&nbsp;&nbsp; 703 |
| &nbsp;&nbsp;&nbsp; Yapi ve Kredi Bankasi AS <br> 144A <br>9.250%, 1/17/34<sup>(2)</sup> <br>| 763 | &nbsp;&nbsp;&nbsp; 813 |
|  |  | &nbsp;&nbsp;&nbsp; 2061 |
| **Ukraine—0.3%** | **Ukraine—0.3%** |  |
| &nbsp;&nbsp;&nbsp; VF Ukraine PAT via VFU <br> Funding plc 144A <br>9.625%, 2/11/27<sup>(2)(5)</sup> <br>| 561 | &nbsp;&nbsp;&nbsp; 561 |

---

*See Notes to Schedule of Investments*

------

**VIRTUS STONE HARBOR EMERGING MARKETS INCOME FUND**

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

**February 28, 2026**

($ reported in thousands)

---

| | | |
|:---|:---|:---|
|  | **Par Value**<sup>(1)</sup> | **Value** |
| **Venezuela—3.9%** | **Venezuela—3.9%** |  |
| &nbsp;&nbsp;&nbsp; Petroleos de Venezuela <br> S.A.<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;&nbsp;&nbsp;&nbsp; <br>RegS <br> 9.000%, 11/17/21<sup>(4)(7)</sup> <br>| $5790 | &nbsp;&nbsp;&nbsp; $2159 |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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>RegS <br> 12.750%, 2/17/22<sup>(4)(7)</sup> <br>| 5200 | &nbsp;&nbsp;&nbsp; 2171 |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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>RegS <br> 9.750%, 5/17/35<sup>(4)(7)</sup> <br>| 5517 | &nbsp;&nbsp;&nbsp; 2102 |
|  |  | &nbsp;&nbsp;&nbsp; 6432 |
| **Vietnam—0.5%** | **Vietnam—0.5%** |  |
| &nbsp;&nbsp;&nbsp; Mong Duong Finance <br> Holdings B.V. 144A <br>5.125%, 5/7/29<sup>(2)(3)</sup> <br>| 869 | &nbsp;&nbsp;&nbsp; 865 |
| **Total Corporate Bonds and** <br> **Notes** <br>**(Identified Cost $51,743)** | **Total Corporate Bonds and** <br> **Notes** <br>**(Identified Cost $51,743)** | &nbsp;&nbsp;&nbsp; **55332** |
| **Credit Linked Notes—1.6%** | **Credit Linked Notes—1.6%** | **Credit Linked Notes—1.6%** |
| **Iraq—1.6%** | **Iraq—1.6%** |  |
| Republic of Iraq |  |  |
| &nbsp;&nbsp;&nbsp; (Counterparty: BOA) <br>2.536%, 1/1/28<sup>(11)</sup> <br>| 89489 <br><sup>JPY</sup><br>| &nbsp;&nbsp;&nbsp; 560 |
| &nbsp;&nbsp;&nbsp; (Counterparty: BOA) <br>3.540%, 1/6/28<sup>(11)(12)</sup> <br>| 147289 <br><sup>JPY</sup><br>| &nbsp;&nbsp;&nbsp; 919 |
| &nbsp;&nbsp;&nbsp; (Counterparty: BOA) <br>4.079%, 1/1/28<sup>(11)(12)</sup> <br>| 196640 <br><sup>JPY</sup><br>| &nbsp;&nbsp;&nbsp; 1217 |
| **Total Credit Linked Notes** <br>**(Identified Cost $3,723)** | **Total Credit Linked Notes** <br>**(Identified Cost $3,723)** | &nbsp;&nbsp;&nbsp; **2696** |

---

---

| | |
|:---|:---|
| **Par Value**<sup>(1)</sup> | **Value** |
| **Total Long-Term** <br> **Investments—117.6%** <br>**(Identified Cost $178,940)** | &nbsp;&nbsp;&nbsp; $**191475** |

---

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

---

| | | |
|:---|:---|:---|
|  | **Shares** |  |
| **Short-Term Investments—2.7%** | **Short-Term Investments—2.7%** | **Short-Term Investments—2.7%** |
| **Money Market Mutual Fund—0.2%** | **Money Market Mutual Fund—0.2%** | **Money Market Mutual Fund—0.2%** |
| &nbsp;&nbsp;&nbsp; Dreyfus Government Cash <br> Management Fund - <br> Institutional Shares <br> (seven-day effective <br> yield 3.554%)<sup>(13)</sup> <br>| 244931 | &nbsp;&nbsp;&nbsp; 245 |
| **Total Money Market Mutual Fund** <br>**(Identified Cost $245)** | **Total Money Market Mutual Fund** <br>**(Identified Cost $245)** | &nbsp;&nbsp;&nbsp; **245** |

---

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

---

| | |
|:---|:---|
| **Foreign Government** <br> **Securities—2.5%** |  |
| **Egypt—1.5%** |  |
| Egypt Treasury Bill |  |
| &nbsp;&nbsp;&nbsp; Series 364D <br>0.000%, 4/28/26<sup>(14)</sup> <br>81800 <br><sup>EGP</sup><br>| &nbsp;&nbsp;&nbsp; 1639 |
| &nbsp;&nbsp;&nbsp; Series 364D <br>0.000%, 5/19/26<sup>(14)</sup> <br>41100 <br><sup>EGP</sup><br>| &nbsp;&nbsp;&nbsp; 812 |
|  | &nbsp;&nbsp;&nbsp; 2451 |

---

*See Notes to Schedule of Investments*

------

**VIRTUS STONE HARBOR EMERGING MARKETS INCOME FUND**

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

**February 28, 2026**

($ reported in thousands)

---

| | |
|:---|:---|
|  | **Value** |
| **Nigeria—1.0%** |  |
| &nbsp;&nbsp;&nbsp; Nigeria OMO Bill Series <br> 188D <br>0.000%, 5/26/26<sup>(14)</sup> <br>2360000 <br><sup>NGN</sup><br>| &nbsp;&nbsp;&nbsp; $1651 |
| **Total Foreign** <br> **Government** <br> **Securities** <br>**(Identified Cost $4,191)**<br>| &nbsp;&nbsp;&nbsp; **4102** |
| **Total Short-Term Investments** <br>**(Identified Cost $4,436)** | &nbsp;&nbsp;&nbsp; **4347** |
| **TOTAL INVESTMENTS—120.3%** <br>**(Identified Cost $183,376)** | &nbsp;&nbsp;&nbsp; **$195822** |
| Other assets and liabilities, <br> net—(20.3)% | &nbsp;&nbsp;&nbsp; (33078)<br>|
| **NET ASSETS—100.0%** | &nbsp;&nbsp;&nbsp; **$162744** |

---

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

---

| | |
|:---|:---|
| **Abbreviations:** | **Abbreviations:** |
| DAC | Designated Activity Company |
| JSC | Joint Stock Company |
| LLC | Limited Liability Company |
| PIK | Payment-in-Kind Security |
| plc | Public Limited Company |
| S.a.r.l. | Société à responsabilité limitée |

---

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

---

| | |
|:---|:---|
| **Footnote Legend:** | **Footnote Legend:** |
| <sup>(1)</sup> <br>| Par Value disclosed in foreign currency is <br> reported in thousands.<br>|
| <sup>(2)</sup> <br>| Security exempt from registration under <br> Rule 144A of the Securities Act of 1933. These <br> securities may be resold in transactions exempt <br> from registration, normally to qualified <br> institutional buyers. At February 28, 2026, these <br> securities amounted to a value of $56,985 or <br> 35.0% of net assets.<br>|
| <sup>(3)</sup> <br>| All or a portion is segregated as collateral for <br> reverse repurchase agreements. On <br> February 28, 2026, securities valued at $47,114 <br> were pledged as collateral for reverse <br> repurchase agreements.<br>|
| <sup>(4)</sup> <br>| Regulation S security. Security is offered and <br> sold outside of the United States; therefore, it is <br> exempt from registration with the SEC under <br> Rules 903 and 904 of the Securities Act of 1933.<br>|

---

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

<sup>(5)</sup> This Note was issued for the sole purpose of funding a leveraged loan between the issuer and the borrower. As the credit risk for this security lies solely with the borrower, the name represented here is that of the borrower. 

<sup>(6)</sup> Represents step coupon bond. Rate shown reflects the rate in effect as of February 28, 2026. 

<sup>(7)</sup> Security in default; no interest payments are being received. 

<sup>(8)</sup> Amount is less than $500 (not in thousands).

<sup>(9)</sup> Payment-in-kind security which may pay interest/dividends in additional par/shares and/or in cash. Rates shown are the current rate and possible payment rates. 

<sup>(10)</sup> No contractual maturity date.

<sup>(11)</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>(12)</sup> Variable rate security. Rate disclosed is as of February 28, 2026. 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>(13)</sup> Shares of this fund are publicly offered, and its prospectus and annual report are publicly available. 

<sup>(14)</sup> Issued with a zero coupon. Income is recognized through the accretion of discount. 

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

---

| | |
|:---|:---|
| **Counterparties:** |  |
| GS | Goldman Sachs & Co.  |
| JPM | JPMorgan Chase Bank N.A. |

---

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

---

| | |
|:---|:---|
| **Foreign Currencies:** | **Foreign Currencies:** |
| BRL | Brazilian Real |
| COP | Colombian Peso |
| EGP | Egyptian Pound |
| EUR | Euro |

---

*See Notes to Schedule of Investments*

------

**VIRTUS STONE HARBOR EMERGING MARKETS INCOME FUND**

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

**February 28, 2026**

($ reported in thousands)

---

| | |
|:---|:---|
| HUF | Hungarian Forint |
| IDR | Indonesian Rupiah |
| JPY | Japanese Yen |
| KZT | Kazakhstani Tenge |
| MXN | Mexican Peso |
| NGN | Nigerian Naira |
| PLN | Polish Zloty |
| RON | Romania New Leu |
| TRY | Turkish Lira |
| USD | United States Dollar |
| ZAR | South African Rand |

---

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

---

| | |
|:---|:---|
| **Country Weightings**<sup>†</sup>  | **Country Weightings**<sup>†</sup>  |
| Mexico | 19<br> %<br>|
| Argentina | 15 |
| Brazil | 8 |
| Egypt | 7 |
| Ukraine | 6 |
| South Africa | 5 |
| Venezuela | 4 |
| Other | 36 |
| Total | 100<br> %<br>|
| <sup>†</sup> % of total investments as of February 28, 2026. | <sup>†</sup> % of total investments as of February 28, 2026. |

---

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

---

| | | | |
|:---|:---|:---|:---|
| **Reverse Repurchase Agreements as of February 28, 2026 were as follows:** | **Reverse Repurchase Agreements as of February 28, 2026 were as follows:** | **Reverse Repurchase Agreements as of February 28, 2026 were as follows:** | **Reverse Repurchase Agreements as of February 28, 2026 were as follows:** |
| **Counterparty** | **Interest Rate** | **Acquisition Date\*** | **Amount** |
| JPM | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.30<br> %<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 01/29/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(4833)<br>|
| JPM | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.30 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 01/29/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1513)<br>|
| JPM | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.30 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 01/29/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (661)<br>|
| JPM | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.30 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 01/29/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2589)<br>|
| JPM | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.30 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 01/29/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (709)<br>|
| JPM | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.30 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 01/29/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2788)<br>|
| JPM | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.30 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 01/29/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1047)<br>|
| JPM | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.30 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 01/29/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (607)<br>|
| JPM | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.30 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 01/29/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (717)<br>|
| JPM | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.30 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 01/29/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1060)<br>|
| JPM | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.30 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 01/29/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (3406)<br>|
| JPM | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.30 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 01/29/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1146)<br>|
| JPM | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.35 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 01/29/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (346)<br>|
| JPM | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.40 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 01/29/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (4544)<br>|
| JPM | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.40 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 01/29/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2037)<br>|
| JPM | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.40 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 01/29/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (4665)<br>|
| JPM | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.40 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 01/29/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1924)<br>|
| JPM | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.40 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 01/29/26 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (3265)<br>|
| **Total** |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(37857)<br>|

---

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

---

| | |
|:---|:---|
| **Footnote Legend:** | **Footnote Legend:** |
| <sup>\*</sup> <br>| All agreements can be terminated by either party on demand at value plus accrued interest. |

---

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

*See Notes to Schedule of Investments*

------

**VIRTUS STONE HARBOR EMERGING MARKETS INCOME FUND**

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

**February 28, 2026**

($ reported in thousands)

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Forward foreign currency exchange contracts as of February 28, 2026 were as follows:** | **Forward foreign currency exchange contracts as of February 28, 2026 were as follows:** | **Forward foreign currency exchange contracts as of February 28, 2026 were as follows:** | **Forward foreign currency exchange contracts as of February 28, 2026 were as follows:** | **Forward foreign currency exchange contracts as of February 28, 2026 were as follows:** | **Forward foreign currency exchange contracts as of February 28, 2026 were as follows:** | **Forward foreign currency exchange contracts as of February 28, 2026 were as follows:** |
| **Currency** <br>**Purchased**<br>| **Currency** <br>**Amount** <br>**Purchased**<br>| &nbsp;&nbsp; **Currency** <br>**Sold**<br>| **Currency** <br>**Amount** <br>**Sold**<br>| **Counterparty** | &nbsp;&nbsp; **Settlement** <br>**Date**<br>| **Unrealized** <br>**Depreciation**<br>|
| TRY | &nbsp;&nbsp; 114000 | USD | &nbsp;&nbsp; 2468 | GS | 04/27/26<br>&nbsp;&nbsp; $— <br><sup>(1)</sup><br>| &nbsp;&nbsp; $—<br>|
| **Total** |  |  | &nbsp;&nbsp; <br>&nbsp;&nbsp; $— <br><sup>(1)</sup><br>|  |  | &nbsp;&nbsp; $—<br>|

---

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

---

| | |
|:---|:---|
| **Footnote Legend:** | **Footnote Legend:** |
| <sup>(1)</sup> <br>| Amount is less than $500 (not in thousands). |

---

The following table summarizes the value of the Fund's investments as of February 28, 2026, 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>February 28, 2026<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; Foreign Government Securities | &nbsp;&nbsp;&nbsp; $137549 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $137549 | &nbsp;&nbsp;&nbsp; $— |
| &nbsp;&nbsp;&nbsp; Corporate Bonds and Notes | &nbsp;&nbsp;&nbsp; 55332 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 55332 | &nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; Credit Linked Notes | &nbsp;&nbsp;&nbsp; 2696 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; 2696 |
| Money Market Mutual Fund | &nbsp;&nbsp;&nbsp; 245 | &nbsp;&nbsp;&nbsp; 245 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Other Financial Instruments: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Forward Foreign Currency Exchange <br> Contracts<sup>\*</sup> <br>| &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — <br><sup>(1)</sup><br>| &nbsp;&nbsp;&nbsp; — |
| Total Assets | &nbsp;&nbsp;&nbsp; 195822 | &nbsp;&nbsp;&nbsp; 245 | &nbsp;&nbsp;&nbsp; 192881 | &nbsp;&nbsp;&nbsp; 2696 |
| Liabilities: |  |  |  |  |
| Other Financial Instruments: |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Reverse Repurchase Agreements<sup>\*</sup> <br>| &nbsp;&nbsp;&nbsp; (37857)<br>| &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (37857)<br>| &nbsp;&nbsp;&nbsp; — |
| Total Liabilities | &nbsp;&nbsp;&nbsp; (37857)<br>| &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (37857)<br>| &nbsp;&nbsp;&nbsp; — |
| Total Investments | &nbsp;&nbsp;&nbsp; $157965 | &nbsp;&nbsp;&nbsp; $245 | &nbsp;&nbsp;&nbsp; $155024 | &nbsp;&nbsp;&nbsp; $2696 |

---

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

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

<sup>\*</sup> Other financial instruments are derivative instruments reflected in the Schedule of Investments. Forward currency exchange contracts are valued at the net unrealized appreciation (depreciation) on the instrument by level and counterparty. For liabilities arising from reverse repurchase agreements, the carrying amount approximates fair value due to the short-term maturity of these financial instruments. 

Securities held by the Fund with an end of period value of $273 were transferred from Level 3 to Level 2 due to a increase in trading activities at period end.

*See Notes to Schedule of Investments*

------

**VIRTUS STONE HARBOR EMERGING MARKETS INCOME FUND**

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

**February 28, 2026**

($ reported in thousands)

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.

The following is a reconciliation of assets of the Fund for Level 3 investments for which significant unobservable inputs were used to determine fair value.

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

---

| | | | |
|:---|:---|:---|:---|
|  | Total | Corporate <br>Bonds and <br>Notes<br>| Credit <br>Linked <br>Notes<br>|
| **Investments in Securities** |  |  |  |
| **Balance as of November 30, 2025:** | &nbsp;&nbsp;&nbsp;&nbsp; $3641 | &nbsp;&nbsp;&nbsp;&nbsp; $255 | &nbsp;&nbsp;&nbsp;&nbsp; $3386 |
| Accrued discount/(premium) | &nbsp;&nbsp;&nbsp;&nbsp; 34 | &nbsp;&nbsp;&nbsp;&nbsp; 2 | &nbsp;&nbsp;&nbsp;&nbsp; 32 |
| Net realized gain (loss) | &nbsp;&nbsp;&nbsp;&nbsp; (335)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (335)<br>|
| Net change in unrealized appreciation (depreciation)<sup>(a)</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; 313 | &nbsp;&nbsp;&nbsp;&nbsp; 16 | &nbsp;&nbsp;&nbsp;&nbsp; 297 |
| Sales<sup>(b)</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; (684)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (684)<br>|
| Transfers from Level 3<sup>(c)</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; (273)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (273)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — |
| **Balance as of February 28, 2026** | &nbsp;&nbsp;&nbsp;&nbsp; $2696 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $2696 |

---

<sup>(a)</sup> The net change in unrealized appreciation (depreciation) on investments still held at February 28, 2026, was $297.

<sup>(b)</sup> Includes paydowns on securities.

<sup>(c)</sup> Transfers into and/or from represent the ending value as of February 28, 2026, for any investment security where a change in the pricing level occurred from the beginning to the end of the period.

*See Notes to Schedule of Investments*

------

**VIRTUS STONE HARBOR EMERGING MARKETS INCOME FUND**

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

**February 28, 2026**

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

&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;• 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, 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

------

**VIRTUS STONE HARBOR EMERGING MARKETS INCOME FUND**

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

**February 28, 2026**

mortgage-backed and asset-backed securities may also incorporate collateral analysis and utilize cash flow models for valuation and are generally categorized as Level 2 in the hierarchy. Pricing services do not provide pricing for all securities and therefore indicative bids from dealers are utilized which are based on pricing models used by market makers in the security and are generally categorized as Level 2 in the hierarchy. Debt instruments that are internally fair valued by the investment adviser's Valuation Committee are generally categorized as Level 3 in the hierarchy.

Listed derivatives, such as options and futures, that are actively traded are valued at the last posted settlement price from the exchange where they are principally traded and are categorized as Level 1 in the hierarchy. Over-the-counter derivative contracts, which include forward currency contracts, swaps, swaptions, options and equity linked instruments, are valued based on model prices provided by independent pricing services or from dealer quotes. Depending on the derivative type and the specific terms of the transaction, these models vary and include observable inputs in actively quoted markets including but not limited to: underlying reference entity details, indices, spreads, interest rates, yield curves, dividend and exchange rates. These instruments are generally categorized as Level 2 in the hierarchy. Centrally cleared swaps listed or traded on a bilateral or trade facility platform, such as a registered exchange, are valued at the last posted settlement price determined by the respective exchange. These securities are generally categorized as Level 2 within the hierarchy.

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

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

For additional information about significant accounting policies, refer to the Fund's most recent semi or annual report.

------

## 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 Stone Harbor Emerging Markets Income Fund

- **b. Investment Company Act file number:** 811-22473

- **c. CIK number of Registrant:** 0001501103

- **d. LEI of Registrant:** XXFOYQ5TGUGS75Z22C46

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

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

  - **City:** Greenfield

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 01301-9683

  - **Telephone number:** 866-270-7788

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

- **a. Name of Series:** Virtus Stone Harbor Emerging Markets Income Fund

- **c. LEI of Series:** XXFOYQ5TGUGS75Z22C46

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

- **a. Date of fiscal year-end:** 2026-11-30

- **b. Date as of which information is reported:** 2026-02-27

**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:** $201667591.18

**Total Liabilities:** $38923274.29

**Net Assets:** $162744316.89

**Cash Not Reported:** $71585.19

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -17.52284335 | **1-Year:** -97.78720123 | **5-Year:** -2260.02495800 | **10-Year:** -11046.35709000 | **30-Year:** -10728.41068000

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

- **3-Month:** -210.86146440 | **1-Year:** -429.67347690 | **5-Year:** -10358.12862000 | **10-Year:** -17681.67529000 | **30-Year:** -15794.98710000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000000000 | 1.84%                | 4.07%                | 0.58%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-461797.56              | $2008210.54                                |
| Month 2  | $258233.69               | $4653177.67                                |
| Month 3  | $1475909.09              | $-1387083.81                               |

**Designated Index Information**

- **Index Name:** Securities Portfolio

- **Index Identifier:** N/A

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| GOLDMAN SACHS & CO. LLC                                                                    | TRY/USD FORWARD                                     | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DFE              | CORP              | US        |           1 | NC      | $7.15         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION                                                  | JPM                                                 | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | Short            | RA               | CORP              | US        |    -1059933 | PA      | $-1059932.61  | -0.65%            |  |  |  | No            |                  2 | On Loan: No      |
| Venezuela (Republic Of)                                                                    | VENZ 11.75 10/21/26                                 | CUSIP: 000000000<br>LEI: 529900XM8PJTJK5OJI77 | Long             | DBT              | NUSS              | VE        |     4165000 | PA      | $1928395.00   | 1.18%             | 2026-10-21      | Fixed         | 11.75%                | No            |                  2 | On Loan: No      |
| Zambia (Republic Of)                                                                       | ZAMBIN 5.75 06/30/33 144A                           | CUSIP: 988895AQ1<br>LEI: 213800DMLAZ6LGMMD849 | Long             | DBT              | NUSS              | ZM        |     3839659 | PA      | $3734068.09   | 2.29%             | 2033-06-30      | Variable      | 5.75%                 | No            |                  2 | On Loan: No      |
| Egypt (Arab Republic of)                                                                   | EGYPT 4.75 04/16/26 144A                            | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |     7000000 | PA      | $8271200.00   | 5.08%             | 2026-04-16      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Sierracol Energy Andina LLC / Sierracol Energy Arauca LLC /Colombia Energy Development Co. | SIERRA 9 11/14/30 144A                              | CUSIP: 82653NAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      647000 | PA      | $653793.50    | 0.40%             | 2030-11-14      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Ukraine (Republic of)                                                                      | UKRAIN 4.5 02/01/35 REGS                            | CUSIP: 000000000<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |      561000 | PA      | $340527.00    | 0.21%             | 2035-02-01      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| Ivory Coast (Republic Of)                                                                  | IVYCST 5.25 03/22/30 REGS                           | CUSIP: 000000000<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |      553000 | PA      | $662001.00    | 0.41%             | 2030-03-22      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Dreyfus Government Cash Management Funds                                                   | Dreyfus Government Cash Management Funds SH BEN INT | CUSIP: 262006208<br>LEI: 549300F7IDB6WRO7VJ11 | Long             | STIV             | RF                | US        |     2547134 | PA      | $2547134.00   | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| BRAZIL, FEDERATIVE REPUBLIC OF - SECRETARIA DO TESOURO NACIONAL                            | BNTNF 10 01/01/31 NTNF                              | CUSIP: 000000000<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |    22300000 | PA      | $3893900.68   | 2.39%             | 2031-01-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| South Africa (Republic of)                                                                 | SAGB 6.25 03/31/36 R209                             | CUSIP: 000000000<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    16700000 | PA      | $913913.04    | 0.56%             | 2036-03-31      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Mong Duong Finance Holdings B V                                                            | MONDFI 5.125 05/07/29 144A                          | CUSIP: 60935DAA3<br>LEI: 549300995KGQFMWSV879 | Long             | DBT              | CORP              | NL        |      869072 | PA      | $865148.54    | 0.53%             | 2029-05-07      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION                                                  | JPM                                                 | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | Short            | RA               | CORP              | US        |    -2588572 | PA      | $-2588572.22  | -1.59%            |  |  |  | No            |                  2 | On Loan: No      |
| BRAZIL, FEDERATIVE REPUBLIC OF - SECRETARIA DO TESOURO NACIONAL                            | BNTNF 10 01/01/33 NTNF                              | CUSIP: 000000000<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |    18800000 | PA      | $3148204.29   | 1.93%             | 2033-01-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Neon Capital Limited                                                                       | NEONCA V0 01/06/28 EMTN                             | CUSIP: 000000000<br>LEI: 549300K1NZTY5QS1NO76 | Long             | DBT              | CORP              | KY        |   147289087 | PA      | $919395.53    | 0.56%             | 2028-01-05      | Variable      | 0.01%                 | No            |                  3 | On Loan: No      |
| Central Bank Of Tunisie SA                                                                 | TUNIS 6.375 07/15/26 144A                           | CUSIP: 000000000<br>LEI: 254900B5LFB16S9T2T11 | Long             | DBT              | NUSS              | TN        |      608000 | PA      | $716501.82    | 0.44%             | 2026-07-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Ivory Coast (Republic Of)                                                                  | IVYCST 5.875 10/17/31 REGS                          | CUSIP: 000000000<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |      465000 | PA      | $560432.88    | 0.34%             | 2031-10-17      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Yapi Ve Kredi Bankasi A.S.                                                                 | YKBNK V9.25 01/17/34 144A                           | CUSIP: 984848AR2<br>LEI: B85ZYWEZ5IZCZ2WNIO12 | Long             | DBT              | CORP              | TR        |      763000 | PA      | $812755.23    | 0.50%             | 2034-01-17      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| BRAZIL, FEDERATIVE REPUBLIC OF - SECRETARIA DO TESOURO NACIONAL                            | BNTNF 10 01/01/27 NTNF                              | CUSIP: 000000000<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |     8000000 | PA      | $1523475.59   | 0.94%             | 2027-01-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Development Bank of Kazakhstan JSC                                                         | DBKAZ 10.95 05/06/26 144A                           | CUSIP: 25159XAC7<br>LEI: 213800LCDPGJ1BI7KX98 | Long             | DBT              | NUSS              | KZ        |   506000000 | PA      | $998652.16    | 0.61%             | 2026-05-06      | Fixed         | 10.95%                | No            |                  2 | On Loan: No      |
| Mc Brazil Downstream Trading Sarl                                                          | MCBRAC 7.25 06/30/31 144A                           | CUSIP: 55292WAA8<br>LEI: 213800T2A7R9TYNXZI63 | Long             | DBT              | CORP              | LU        |     1574015 | PA      | $1352669.01   | 0.83%             | 2031-06-30      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Ihs Holding Limited                                                                        | IHS 6.25 11/29/28 144A                              | CUSIP: 44963HAB1<br>LEI: 213800CLGMKL63VKTD94 | Long             | DBT              | CORP              | KY        |      487000 | PA      | $488368.47    | 0.30%             | 2028-11-29      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| El Salvador (Republic of)                                                                  | ELSALV 6.375 01/18/27 REGS                          | CUSIP: 000000000<br>LEI: 529900AKDMUSFSDOM949 | Long             | DBT              | NUSS              | SV        |     1298000 | PA      | $1299947.00   | 0.80%             | 2027-01-18      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| South Africa (Republic of)                                                                 | SAGB 10.5 12/21/26 R187                             | CUSIP: 000000000<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    16000000 | PA      | $1032693.33   | 0.63%             | 2026-12-21      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| Vedanta Resources Finance II PLC                                                           | VEDLN 10.875 09/17/29 144A                          | CUSIP: 92243XAH4<br>LEI: 8945002DGA3BBXO3N634 | Long             | DBT              | CORP              | GB        |      343000 | PA      | $366587.42    | 0.23%             | 2029-09-17      | Fixed         | 10.88%                | No            |                  2 | On Loan: No      |
| Sri Lanka (Democratic Socialist Republic of)                                               | SRILAN 3.6 06/15/35 144A                            | CUSIP: 000000000<br>LEI: 254900IG6Y30I2QE2R92 | Long             | DBT              | NUSS              | LK        |       76832 | PA      | $62771.74     | 0.04%             | 2035-06-15      | Variable      | 3.60%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION                                                  | JPM                                                 | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | Short            | RA               | CORP              | US        |    -4833098 | PA      | $-4833097.87  | -2.97%            |  |  |  | No            |                  2 | On Loan: No      |
| Petroleos de Venezuela SA                                                                  | PDVSA 9.75 05/17/35 REGS                            | CUSIP: 000000000<br>LEI: 549300YWR8TN1OFD4P06 | Long             | DBT              | NUSS              | VE        |     5517000 | PA      | $2101977.00   | 1.29%             | 2035-05-17      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| Ukraine (Republic of)                                                                      | UKRAIN 0 02/01/36 144A                              | CUSIP: 903724CG5<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |      122663 | PA      | $69243.13     | 0.04%             | 2036-02-01      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION                                                  | JPM                                                 | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | Short            | RA               | CORP              | US        |     -708736 | PA      | $-708735.97   | -0.44%            |  |  |  | No            |                  2 | On Loan: No      |
| Romania (Republic Of)                                                                      | ROMGB 6.3 04/25/29 5Y                               | CUSIP: 000000000<br>LEI: 315700IASY927EDWBK92 | Long             | DBT              | NUSS              | RO        |     7400000 | PA      | $1733414.37   | 1.07%             | 2029-04-25      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION                                                  | JPM                                                 | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | Short            | RA               | CORP              | US        |    -1047356 | PA      | $-1047356.20  | -0.64%            |  |  |  | No            |                  2 | On Loan: No      |
| Neon Capital Limited                                                                       | NEONCA V0 01/01/28                                  | CUSIP: 000000000<br>LEI: 549300K1NZTY5QS1NO76 | Long             | DBT              | CORP              | KY        |   196639629 | PA      | $1217499.81   | 0.75%             | 2028-01-01      | Variable      | 0.01%                 | No            |                  3 | On Loan: No      |
| South Africa (Republic of)                                                                 | SAGB 6.5 02/28/41 R214                              | CUSIP: 000000000<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    38600000 | PA      | $2018223.38   | 1.24%             | 2041-02-28      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Argentina (Republic Of)                                                                    | ARGENT 1 07/09/29                                   | CUSIP: 040114HX1<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |     9762900 | PA      | $8612732.75   | 5.29%             | 2029-07-09      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Ghana (Republic of)                                                                        | GHANA 5 07/03/35 144A                               | CUSIP: 374422AP8<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | GH        |      900000 | PA      | $814331.25    | 0.50%             | 2035-07-03      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| Poland (Republic of)                                                                       | POLGB 6 10/25/33 1033                               | CUSIP: 000000000<br>LEI: 259400R9L8QEP0TPXS31 | Long             | DBT              | NUSS              | PL        |    13200000 | PA      | $4007489.19   | 2.46%             | 2033-10-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Constellation Oil Services Holding SA                                                      | COSHSA 9.375 11/07/29 144A                          | CUSIP: 650921AA7<br>LEI: 5493005YJTU769NW5I10 | Long             | DBT              | CORP              | LU        |      813000 | PA      | $847796.40    | 0.52%             | 2029-11-07      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| GENERACION MEDITERRANEA SA                                                                 | ALBAAR 11 11/01/31 144A                             | CUSIP: 36875KAJ0<br>LEI: 529900OOUXIUDG4V4468 | Long             | DBT              | CORP              | AR        |     1061000 | PA      | $745352.50    | 0.46%             | 2031-11-01      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| South Africa (Republic of)                                                                 | SAGB 8.75 02/28/48 2048                             | CUSIP: 000000000<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    36800000 | PA      | $2336590.56   | 1.44%             | 2048-02-28      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Zambia (Republic Of)                                                                       | ZAMBIN 0.5 12/31/53 144A                            | CUSIP: 988895AR9<br>LEI: 213800DMLAZ6LGMMD849 | Long             | DBT              | NUSS              | ZM        |           2 | PA      | $1.41         | 0.00%             | 2053-12-31      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| Mexico (United Mexican States)                                                             | MBONO 7.75 11/13/42 M                               | CUSIP: 000000000<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    98800000 | PA      | $5051891.49   | 3.10%             | 2042-11-13      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Sri Lanka (Democratic Socialist Republic of)                                               | SRILAN 3.1 01/15/30 144A                            | CUSIP: 000000000<br>LEI: 254900IG6Y30I2QE2R92 | Long             | DBT              | NUSS              | LK        |      112010 | PA      | $111674.37    | 0.07%             | 2030-01-15      | Variable      | 3.10%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION                                                  | JPM                                                 | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | Short            | RA               | CORP              | US        |    -2037333 | PA      | $-2037333.33  | -1.25%            |  |  |  | No            |                  2 | On Loan: No      |
| Egypt (Arab Republic of)                                                                   | EGYTB 0 04/28/26 364D                               | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |    81800000 | PA      | $1638789.22   | 1.01%             | 2026-04-28      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos Sa De CV                                                               | PEMEX 7.47 11/12/26 14-2                            | CUSIP: 000000000<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    25240000 | PA      | $1457873.07   | 0.90%             | 2026-11-12      | Fixed         | 7.47%                 | No            |                  2 | On Loan: No      |
| Petroleos de Venezuela SA                                                                  | PDVSA 12.75 02/17/22 REGS                           | CUSIP: 000000000<br>LEI: 549300YWR8TN1OFD4P06 | Long             | DBT              | NUSS              | VE        |     5200000 | PA      | $2170740.00   | 1.33%             | 2022-02-17      | Fixed         | 12.75%                | No            |                  2 | On Loan: No      |
| BANCO MERCANTIL DEL NORTE SA CAYMAN ISLANDS BRANCH                                         | BANORT V6.625 PERP 144A                             | CUSIP: 05973KAB3<br>LEI: 549300QTVYRPFHS0J362 | Long             | DBT              | CORP              | KY        |      426000 | PA      | $423493.71    | 0.26%             | N/A             | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Pakistan (Islamic Republic of)                                                             | PKSTAN 6 04/08/26 144A                              | CUSIP: 695847AS2<br>LEI: 529900LOP29R5WKHOD86 | Long             | DBT              | NUSS              | PK        |     3020000 | PA      | $3016980.00   | 1.85%             | 2026-04-08      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Ukraine (Republic of)                                                                      | UKRAIN 4.5 02/01/34 144A                            | CUSIP: 903724CA8<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |      383988 | PA      | $238456.42    | 0.15%             | 2034-02-01      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| Angola (Republic of)                                                                       | ANGOL 8.25 05/09/28 144A                            | CUSIP: 035198AB6<br>LEI: 549300QHR2R3J8JSGK83 | Long             | DBT              | NUSS              | AO        |      808000 | PA      | $814817.82    | 0.50%             | 2028-05-09      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Samarco Mineracao SA                                                                       | SAMMIN 9.5 06/30/31 144A                            | CUSIP: 79588YAA7<br>LEI: 529900U8HKV15GJC4O60 | Long             | DBT              | CORP              | BR        |     2492867 | PA      | $2504536.07   | 1.54%             | 2031-06-30      | Variable      | 9.50%                 | No            |                  2 | On Loan: No      |
| Vedanta Resources Finance II PLC                                                           | VEDLN 9.475 07/24/30 144A                           | CUSIP: 92243XAM3<br>LEI: 8945002DGA3BBXO3N634 | Long             | DBT              | CORP              | GB        |      674000 | PA      | $709155.84    | 0.44%             | 2030-07-24      | Fixed         | 9.47%                 | No            |                  2 | On Loan: No      |
| GABON, GOVERNMENT OF                                                                       | GABON 9.5 02/18/29 4Y                               | CUSIP: 000000000<br>LEI: 213800XA7X746GRPXA35 | Long             | DBT              | NUSS              | GA        |     4098000 | PA      | $3770160.00   | 2.32%             | 2029-02-18      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| Angola (Republic of)                                                                       | ANGOL 8 11/26/29 144A                               | CUSIP: 035198AD2<br>LEI: 549300QHR2R3J8JSGK83 | Long             | DBT              | NUSS              | AO        |      456000 | PA      | $453720.00    | 0.28%             | 2029-11-26      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Ecuador (Republic Of)                                                                      | ECUA 9.25 01/29/39 144A                             | CUSIP: 27927WAR3<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |     4215000 | PA      | $4286655.00   | 2.63%             | 2039-01-29      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| Leviathan Bond Limited                                                                     | LVIATH 6.75 06/30/30                                | CUSIP: 000000000<br>LEI: 254900D9T8VKYVQNZ220 | Long             | DBT              | CORP              | IL        |      800000 | PA      | $824400.00    | 0.51%             | 2030-06-30      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Vfu Funding PLC                                                                            | VODUKR 9.625 02/11/27 144A                          | CUSIP: 918212AA9<br>LEI: 213800C9OW7RIPPP6Z96 | Long             | DBT              | CORP              | GB        |      560418 | PA      | $560418.08    | 0.34%             | 2027-02-11      | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| Ukraine (Republic of)                                                                      | UKRAIN 4 02/01/32 REGS                              | CUSIP: 000000000<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |     6599500 | PA      | $5114612.50   | 3.14%             | 2032-02-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Senegal (Republic of)                                                                      | SENEGL 4.75 03/13/28 REGS                           | CUSIP: 000000000<br>LEI: 549300NP14ZLQGWIUZ97 | Long             | DBT              | NUSS              | SN        |      708000 | PA      | $663243.28    | 0.41%             | 2028-03-13      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Gran Tierra Energy Inc                                                                     | GTE 9.75 04/15/31 144A                              | CUSIP: 38500TAD3<br>LEI: 549300IH2S17MAIUCM32 | Long             | DBT              | CORP              | US        |      750000 | PA      | $603750.00    | 0.37%             | 2031-04-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION                                                  | JPM                                                 | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | Short            | RA               | CORP              | US        |    -1924047 | PA      | $-1924046.93  | -1.18%            |  |  |  | No            |                  2 | On Loan: No      |
| El Salvador (Republic of)                                                                  | ELSALV 8.625 02/28/29 REGS                          | CUSIP: 000000000<br>LEI: 529900AKDMUSFSDOM949 | Long             | DBT              | NUSS              | SV        |      683000 | PA      | $735290.48    | 0.45%             | 2029-02-28      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| Ivory Coast (Republic Of)                                                                  | IVYCST 8.075 04/01/36 144A                          | CUSIP: 221625AV8<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |      305000 | PA      | $328832.70    | 0.20%             | 2036-04-01      | Fixed         | 8.07%                 | No            |                  2 | On Loan: No      |
| Indonesia (Republic of)                                                                    | INDOGB 8.375 04/15/39 FR79                          | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        | 40300000000 | PA      | $2771240.98   | 1.70%             | 2039-04-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| Petroleos del Peru - Petroperu SA                                                          | PETRPE 4.75 06/19/32 REGS                           | CUSIP: 000000000<br>LEI: 549300ZMGDLC9JT2OR80 | Long             | DBT              | CORP              | PE        |      958000 | PA      | $703842.60    | 0.43%             | 2032-06-19      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Development Bank of Kazakhstan JSC                                                         | DBKAZ 13 04/15/27 144A                              | CUSIP: 48129VAC0<br>LEI: 213800LCDPGJ1BI7KX98 | Long             | DBT              | NUSS              | KZ        |   270000000 | PA      | $512528.79    | 0.31%             | 2027-04-15      | Fixed         | 13.00%                | No            |                  2 | On Loan: No      |
| Ukraine (Republic of)                                                                      | UKRAIN 4.5 02/01/35 144A                            | CUSIP: 903724CB6<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |      298657 | PA      | $181284.90    | 0.11%             | 2035-02-01      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| ADM Elektrik Dagitim AS                                                                    | ADMELE 9.5 02/05/31 144A                            | CUSIP: 00710QAA1<br>LEI: 984500CB836F7EC9CF60 | Long             | DBT              | CORP              | TR        |      545000 | PA      | $545545.00    | 0.34%             | 2031-02-05      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| South Africa (Republic of)                                                                 | SAGB 8.75 01/31/44 2044                             | CUSIP: 000000000<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    25700000 | PA      | $1625872.50   | 1.00%             | 2044-01-31      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION                                                  | JPM                                                 | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | Short            | RA               | CORP              | US        |    -1512838 | PA      | $-1512837.50  | -0.93%            |  |  |  | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION                                                  | JPM                                                 | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | Short            | RA               | CORP              | US        |     -606732 | PA      | $-606731.67   | -0.37%            |  |  |  | No            |                  2 | On Loan: No      |
| Petroleos de Venezuela SA                                                                  | PDVSA 9 11/17/21 REGS                               | CUSIP: 000000000<br>LEI: 549300YWR8TN1OFD4P06 | Long             | DBT              | NUSS              | VE        |     5790000 | PA      | $2159670.00   | 1.33%             | 2021-11-17      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| GABON, GOVERNMENT OF                                                                       | GABON 7 11/24/31 144A                               | CUSIP: 362420AE1<br>LEI: 213800XA7X746GRPXA35 | Long             | DBT              | NUSS              | GA        |     1800000 | PA      | $1468584.00   | 0.90%             | 2031-11-24      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Egypt (Arab Republic of)                                                                   | EGYTB 0 05/19/26 364D                               | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |    41100000 | PA      | $812380.71    | 0.50%             | 2026-05-19      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION                                                  | JPM                                                 | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | Short            | RA               | CORP              | US        |    -1146262 | PA      | $-1146262.50  | -0.70%            |  |  |  | No            |                  2 | On Loan: No      |
| Sri Lanka (Democratic Socialist Republic of)                                               | SRILAN 4 04/15/28 144A                              | CUSIP: 000000000<br>LEI: 254900IG6Y30I2QE2R92 | Long             | DBT              | NUSS              | LK        |       57674 | PA      | $56015.39     | 0.03%             | 2028-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION                                                  | JPM                                                 | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | Short            | RA               | CORP              | US        |    -2787856 | PA      | $-2787856.50  | -1.71%            |  |  |  | No            |                  2 | On Loan: No      |
| Central Bank of Nigeria                                                                    | NGOMOB 0 05/26/26 188D                              | CUSIP: 000000000<br>LEI: 549300G1JG004Y3K8S97 | Long             | DBT              | NUSS              | NG        |  2360000000 | PA      | $1650526.66   | 1.01%             | 2026-05-26      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION                                                  | JPM                                                 | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | Short            | RA               | CORP              | US        |    -3264762 | PA      | $-3264762.00  | -2.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Ukraine (Republic of)                                                                      | UKRAIN 4.5 02/01/36 144A                            | CUSIP: 903724CC4<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |      330661 | PA      | $198396.75    | 0.12%             | 2036-02-01      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| Republic of Iraq CLN                                                                       | Republic of Iraq CLN                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | IQ        |    89489312 | PA      | $559806.03    | 0.34%             | 2028-01-01      | Floating      | 2.54%                 | No            |                  3 | On Loan: No      |
| South Africa (Republic of)                                                                 | SAGB 10.5 12/21/27 R188                             | CUSIP: 000000000<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    15999999 | PA      | $1065898.10   | 0.65%             | 2027-12-21      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| POINSETTIA FINANCE LTD SARL                                                                | PNSTTA 6.625 06/17/31 REGS                          | CUSIP: 000000000<br>LEI: 549300P2JTF5JKW10Z65 | Long             | DBT              | CORP              | LU        |    14855269 | PA      | $14602729.18  | 8.97%             | 2031-06-17      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| COLOMBIA, REPUBLIC OF - MINISTERO DE HACIENDA Y CREDITO PUBLICO                            | COLTES 7 06/30/32 B                                 | CUSIP: 000000000<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |  7900000000 | PA      | $1507085.02   | 0.93%             | 2032-06-30      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Egypt (Arab Republic of)                                                                   | EGYPT 7.0529 01/15/32 144A                          | CUSIP: 03846JX21<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |     2239000 | PA      | $2253553.50   | 1.38%             | 2032-01-15      | Fixed         | 7.05%                 | No            |                  2 | On Loan: No      |
| Angola (Republic of)                                                                       | ANGOL 8.75 04/14/32 144A                            | CUSIP: 035198AF7<br>LEI: 549300QHR2R3J8JSGK83 | Long             | DBT              | NUSS              | AO        |      424000 | PA      | $415968.21    | 0.26%             | 2032-04-14      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Indonesia (Republic of)                                                                    | INDOGB 8.375 03/15/34 FR68                          | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        | 27400000000 | PA      | $1842247.54   | 1.13%             | 2034-03-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| Ministerio de Hacienda y Credito Publico                                                   | COLTES 7.25 10/18/34 B                              | CUSIP: 000000000<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |  8275000000 | PA      | $1515260.13   | 0.93%             | 2034-10-18      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Turkey (Republic of)                                                                       | TURKGB 36 08/12/26 2Y                               | CUSIP: 000000000<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |    31000000 | PA      | $714459.19    | 0.44%             | 2026-08-12      | Fixed         | 36.00%                | No            |                  2 | On Loan: No      |
| Development Bank of Kazakhstan JSC                                                         | DBKAZ 13.4892 05/23/28 144A                         | CUSIP: 25159XAF0<br>LEI: 213800LCDPGJ1BI7KX98 | Long             | DBT              | NUSS              | KZ        |   590000000 | PA      | $1100157.67   | 0.68%             | 2028-05-23      | Fixed         | 13.49%                | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION                                                  | JPM                                                 | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | Short            | RA               | CORP              | US        |     -717496 | PA      | $-717496.00   | -0.44%            |  |  |  | No            |                  2 | On Loan: No      |
| Azule Energy Finance PLC                                                                   | AZURGY 8.125 01/23/30 144A                          | CUSIP: 05501YAA6<br>LEI: 2138006X6O82RJSQDB63 | Long             | DBT              | CORP              | GB        |      750000 | PA      | $761724.98    | 0.47%             | 2030-01-23      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| Mexico (United Mexican States)                                                             | MBONO 7.75 11/23/34 M                               | CUSIP: 000000000<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    58000000 | PA      | $3214176.99   | 1.97%             | 2034-11-23      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Sri Lanka (Democratic Socialist Republic of)                                               | SRILAN 3.6 02/15/38 144A                            | CUSIP: 000000000<br>LEI: 254900IG6Y30I2QE2R92 | Long             | DBT              | NUSS              | LK        |      106691 | PA      | $106063.86    | 0.07%             | 2038-02-15      | Variable      | 3.60%                 | No            |                  2 | On Loan: No      |
| Ivory Coast (Republic Of)                                                                  | IVYCST 7.625 01/30/33 144A                          | CUSIP: 221625AT3<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |     3170000 | PA      | $3395070.00   | 2.09%             | 2033-01-30      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| Ukraine (Republic of)                                                                      | UKRAIN 0 02/01/30 144A                              | CUSIP: 903724CD2<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |       46612 | PA      | $29924.80     | 0.02%             | 2030-02-01      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| Avenir Issuer Ii (Ireland) Designated Activity Company                                     | ANGOL 6.927 02/19/27 7Y                             | CUSIP: 000000000<br>LEI: 635400VEZIQKZPR7KU35 | Long             | ABS-O            | CORP              | IE        |      591429 | PA      | $584520.69    | 0.36%             | 2027-02-21      | Fixed         | 6.93%                 | No            |                  2 | On Loan: No      |
| Cameroon (Republic of)                                                                     | REPCAM 9.5 07/31/31 7Y                              | CUSIP: 000000000<br>LEI: 54930021BO6NHYGBBV24 | Long             | DBT              | NUSS              | CM        |     3882000 | PA      | $3863793.42   | 2.37%             | 2031-07-31      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| Egypt (Arab Republic of)                                                                   | EGYPT 8.75 09/30/51 144A                            | CUSIP: 03846JAF7<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |      825000 | PA      | $797775.00    | 0.49%             | 2051-09-30      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Ukraine (Republic of)                                                                      | UKRAIN 4.5 02/01/34 REGS                            | CUSIP: 000000000<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |     8298000 | PA      | $5153058.00   | 3.17%             | 2034-02-01      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| Lebanese Republic                                                                          | LEBAN 8.25 04/12/21 REGS                            | CUSIP: 000000000<br>LEI: 529900QPC4K9S1KHL354 | Long             | DBT              | NUSS              | LB        |      848000 | PA      | $248888.00    | 0.15%             | 2021-04-12      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Buenos Aires (Province Of)                                                                 | BUENOS 6.625 09/01/37 REGS                          | CUSIP: 000000000<br>LEI: 549300L6AYROPOTQ4L07 | Long             | DBT              | NUSS              | AR        |     9157366 | PA      | $7231114.38   | 4.44%             | 2037-09-01      | Variable      | 6.62%                 | No            |                  2 | On Loan: No      |
| Kosmos Energy Ltd                                                                          | KOS 7.75 05/01/27 REGS                              | CUSIP: 000000000<br>LEI: 213800YDFJ3OT9B5P157 | Long             | DBT              | CORP              | US        |      410000 | PA      | $402825.00    | 0.25%             | 2027-05-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Ihs Holding Limited                                                                        | IHS 8.25 11/29/31 144A                              | CUSIP: 44963HAD7<br>LEI: 213800CLGMKL63VKTD94 | Long             | DBT              | CORP              | KY        |      317000 | PA      | $337627.19    | 0.21%             | 2031-11-29      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Mexico (United Mexican States)                                                             | MBONO 5.5 03/04/27 M                                | CUSIP: 000000000<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    29000000 | PA      | $1660697.58   | 1.02%             | 2027-03-04      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Aydem Yenilenebilir Enerji A S                                                             | AYDEMT 9.875 09/30/30 144A                          | CUSIP: 054644AB5<br>LEI: 9845009C50EDA74OA532 | Long             | DBT              | CORP              | TR        |      693000 | PA      | $702568.94    | 0.43%             | 2030-09-30      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION                                                  | JPM                                                 | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | Short            | RA               | CORP              | US        |     -346041 | PA      | $-346041.32   | -0.21%            |  |  |  | No            |                  2 | On Loan: No      |
| Banco Mercantil Del Norte SA Cayman Islands Branch                                         | BANORT V8.375 PERP 144a                             | CUSIP: 05971PAD0<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |      392000 | PA      | $418028.80    | 0.26%             | N/A             | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos Sa De CV                                                               | PEMEX 8.75 06/02/29                                 | CUSIP: 71654QDL3<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |     5232000 | PA      | $5629004.16   | 3.46%             | 2029-06-02      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos Sa De CV                                                               | PEMEX 6.7 02/16/32 REGS                             | CUSIP: 000000000<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |      293000 | PA      | $272973.45    | 0.17%             | 2032-02-16      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| Petroleos Mexicanos Sa De CV                                                               | PEMEX 7.69 01/23/50                                 | CUSIP: 71654QDD1<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |     4621000 | PA      | $4196792.20   | 2.58%             | 2050-01-23      | Fixed         | 7.69%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION                                                  | JPM                                                 | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | Short            | RA               | CORP              | US        |    -3406491 | PA      | $-3406490.89  | -2.09%            |  |  |  | No            |                  2 | On Loan: No      |
| Gran Tierra Energy Inc                                                                     | GTE 9.5 10/15/29 144A                               | CUSIP: 38500TAC5<br>LEI: 549300IH2S17MAIUCM32 | Long             | DBT              | CORP              | US        |     3445000 | PA      | $2760134.00   | 1.70%             | 2029-10-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| Kenya (Republic of)                                                                        | KENINT 9.5 03/05/36 144A                            | CUSIP: 491798AN4<br>LEI: 549300VVURQQYU45PR87 | Long             | DBT              | NUSS              | KE        |     2900000 | PA      | $3047175.00   | 1.87%             | 2036-03-05      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION                                                  | JPM                                                 | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | Short            | RA               | CORP              | US        |    -4664538 | PA      | $-4664538.00  | -2.87%            |  |  |  | No            |                  2 | On Loan: No      |
| Sri Lanka (Democratic Socialist Republic of)                                               | SRILAN 3.35 03/15/33 144A                           | CUSIP: 000000000<br>LEI: 254900IG6Y30I2QE2R92 | Long             | DBT              | NUSS              | LK        |      113786 | PA      | $106184.05    | 0.07%             | 2033-03-15      | Variable      | 3.35%                 | No            |                  2 | On Loan: No      |
| Egypt (Arab Republic of)                                                                   | EGYPT 6.375 04/11/31 144A                           | CUSIP: 038461AR0<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |      246000 | PA      | $290769.52    | 0.18%             | 2031-04-11      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION                                                  | JPM                                                 | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | Short            | RA               | CORP              | US        |     -660742 | PA      | $-660742.00   | -0.41%            |  |  |  | No            |                  2 | On Loan: No      |
| Kosmos Energy GTA Holdings                                                                 | KOS 11.25 01/29/31                                  | CUSIP: 000000000<br>LEI: 984500ABK08A8BAAHB84 | Long             | DBT              | CORP              | KY        |      300000 | PA      | $305410.58    | 0.19%             | 2031-01-29      | Fixed         | 11.25%                | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE BANK, NATIONAL ASSOCIATION                                                  | JPM                                                 | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | Short            | RA               | CORP              | US        |    -4544181 | PA      | $-4544180.72  | -2.79%            |  |  |  | No            |                  2 | On Loan: No      |
| Hungary (Republic Of)                                                                      | HGB 4.75 11/24/32 32/A                              | CUSIP: 000000000<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |   740000000 | PA      | $2132956.30   | 1.31%             | 2032-11-24      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Ohi Group SA                                                                               | OHIFLY 13 07/22/29 144A                             | CUSIP: 67712MAB5<br>LEI: 529900GW2J8DSYJHEH26 | Long             | DBT              | CORP              | LU        |     1305300 | PA      | $1325284.14   | 0.81%             | 2029-07-22      | Fixed         | 13.00%                | No            |                  2 | On Loan: No      |
| Ukraine (Republic of)                                                                      | UKRAIN 0 02/01/34 144A                              | CUSIP: 903724CE0<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |      174181 | PA      | $85348.75     | 0.05%             | 2034-02-01      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| Ihs Holding Limited                                                                        | IHS 7.875 05/29/30 144A                             | CUSIP: 44963HAC9<br>LEI: 213800CLGMKL63VKTD94 | Long             | DBT              | CORP              | KY        |      103000 | PA      | $107506.25    | 0.07%             | 2030-05-29      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Angola (Republic of)                                                                       | ANGOL 8.25 05/09/28 REGS                            | CUSIP: 000000000<br>LEI: 549300QHR2R3J8JSGK83 | Long             | DBT              | NUSS              | AO        |     1850000 | PA      | $1865610.12   | 1.15%             | 2028-05-09      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| Argentina (Republic Of)                                                                    | ARGENT 0.75 07/09/30                                | CUSIP: 040114HS2<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |    13881600 | PA      | $11751374.09  | 7.22%             | 2030-07-09      | Variable      | 0.75%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-04-28

**Name of Applicant:** Virtus Stone Harbor Emerging Markets Income Fund

**Signature:** Amy Hackett

**Name of Signer:** Amy Hackett

**Title:** Vice President and Assistant Treasurer