# EDGAR Filing Document

**Accession Number:** 0001383441
**File Stem:** 0001752724-25-155252
**Filing Date:** 2025-6
**Character Count:** 124979
**Document Hash:** 0441c14d6152ca8bf72556c4093b3427
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-155252.hdr.sgml**: 20250625

**ACCESSION NUMBER**: 0001752724-25-155252

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250625

**DATE AS OF CHANGE**: 20250625

**PERIOD START**: 20260131

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Virtus Equity & Convertible Income Fund
- **CENTRAL INDEX KEY:** 0001383441

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0131

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21989
- **FILM NUMBER:** 251072249

**BUSINESS ADDRESS:**
- **STREET 1:** 101 MUNSON STREET
- **CITY:** GREENFIELD
- **STATE:** MA
- **ZIP:** 01301
- **BUSINESS PHONE:** (866) 270-7598

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Virtus AllianzGI Equity & Convertible Income Fund
- **DATE OF NAME CHANGE:** 20210210

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AllianzGI Equity & Convertible Income Fund
- **DATE OF NAME CHANGE:** 20130502

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AGIC Equity & Convertible Income Fund
- **DATE OF NAME CHANGE:** 20100825

## Nport-Ex

#### VIRTUS Equity & Convertible Income Fund

#### SCHEDULE OF INVESTMENTS (Unaudited)

#### April 30, 2025
($ reported in thousands)

---

| | | |
|:---|:---|:---|
|  | **Par Value** | **Value** |
| **Convertible Bonds and Notes—30.0%** | **Convertible Bonds and Notes—30.0%** | **Convertible Bonds and Notes—30.0%** |
| **Aerospace & Defense—0.1%** | **Aerospace & Defense—0.1%** |  |
| Rocket Lab USA, Inc. 144A<br> 4.250%, 2/1/29<sup>(1)</sup> | $135 | $588 |
| **Auto Manufacturers—0.6%** | **Auto Manufacturers—0.6%** |  |
| Rivian Automotive, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;4.625%, 3/15/29 | &nbsp;&nbsp; 2005 | &nbsp;&nbsp; 2046 |
| &nbsp;&nbsp;&nbsp;3.625%, 10/15/30 | &nbsp;&nbsp; 2180 | &nbsp;&nbsp; 1975 |
|  |  | &nbsp;&nbsp; 4021 |
| **Biotechnology—2.0%** | **Biotechnology—2.0%** |  |
| Alnylam Pharmaceuticals, Inc.<br> 1.000%, 9/15/27 | &nbsp;&nbsp; 2550 | &nbsp;&nbsp; 2924 |
| Bridgebio Pharma, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;2.500%, 3/15/27 | &nbsp;&nbsp; 1405 | &nbsp;&nbsp; 1678 |
| &nbsp;&nbsp;&nbsp;144A 1.750%, 3/1/31<sup>(1)</sup> | &nbsp;&nbsp; 690 | &nbsp;&nbsp; 754 |
| Guardant Health, Inc.<br> 1.250%, 2/15/31 | &nbsp;&nbsp; 1365 | &nbsp;&nbsp; 1465 |
| Halozyme Therapeutics, Inc.<br> 0.250%, 3/1/27 | &nbsp;&nbsp; 3500 | &nbsp;&nbsp; 3650 |
| Insmed, Inc.<br> 0.750%, 6/1/28 | &nbsp;&nbsp; 550 | &nbsp;&nbsp; 1238 |
| Travere Therapeutics, Inc.<br> 2.250%, 3/1/29 | &nbsp;&nbsp; 1490 | &nbsp;&nbsp; 1504 |
|  |  | &nbsp;&nbsp; 13213 |
| **Commercial Services—1.3%** | **Commercial Services—1.3%** |  |
| Affirm Holdings, Inc. 144A<br> 0.750%, 12/15/29<sup>(1)</sup> | &nbsp;&nbsp; 1170 | &nbsp;&nbsp; 1052 |
| Block, Inc.<br> 0.000%, 5/1/26<sup>(2)</sup> | &nbsp;&nbsp; 3360 | &nbsp;&nbsp; 3185 |
| Shift4 Payments, Inc.<br> 0.500%, 8/1/27 | &nbsp;&nbsp; 3090 | &nbsp;&nbsp; 3127 |
| Stride, Inc.<br> 1.125%, 9/1/27 | &nbsp;&nbsp; 430 | &nbsp;&nbsp; 1175 |
|  |  | &nbsp;&nbsp; 8539 |
| **Computers—2.4%** | **Computers—2.4%** |  |
| Lumentum Holdings, Inc.<br> 0.500%, 12/15/26 | &nbsp;&nbsp; 4630 | &nbsp;&nbsp; 4770 |
| PAR Technology Corp.<br> 1.500%, 10/15/27 | &nbsp;&nbsp; 2100 | &nbsp;&nbsp; 2210 |
| Parsons Corp.<br> 2.625%, 3/1/29 | &nbsp;&nbsp; 965 | &nbsp;&nbsp; 1017 |
| Seagate HDD Cayman<br> 3.500%, 6/1/28 | &nbsp;&nbsp; 1995 | &nbsp;&nbsp; 2524 |
| Super Micro Computer, Inc.<br> 3.500%, 3/1/29 | &nbsp;&nbsp; 1290 | &nbsp;&nbsp; 1188 |
| Western Digital Corp.<br> 3.000%, 11/15/28 | &nbsp;&nbsp; 1390 | &nbsp;&nbsp; 1886 |
| Zscaler, Inc.<br> 0.125%, 7/1/25 | &nbsp;&nbsp; 1380 | &nbsp;&nbsp; 2071 |
|  |  | &nbsp;&nbsp; 15666 |
| **Diversified REITS—0.5%** | **Diversified REITS—0.5%** |  |
| Digital Realty Trust LP 144A<br> 1.875%, 11/15/29<sup>(1)</sup> | &nbsp;&nbsp; 3300 | &nbsp;&nbsp; 3429 |

---

---

| | | |
|:---|:---|:---|
|  | **Par Value** | **Value** |
| **Electric Utilities—2.1%** | **Electric Utilities—2.1%** |  |
| NextEra Energy Capital Holdings, Inc.<br> 3.000%, 3/1/27 | $3365 | $3764 |
| PG&E Corp.<br> 4.250%, 12/1/27 | &nbsp;&nbsp; 3305 | &nbsp;&nbsp; 3434 |
| Southern Co. (The)<br> 3.875%, 12/15/25 | &nbsp;&nbsp; 4310 | &nbsp;&nbsp; 4836 |
| TXNM Energy, Inc. 144A<br> 5.750%, 6/1/54<sup>(1)</sup> | &nbsp;&nbsp; 1745 | &nbsp;&nbsp; 2170 |
|  |  | &nbsp;&nbsp; 14204 |
| **Electronics—0.8%** | **Electronics—0.8%** |  |
| Advanced Energy Industries, Inc.<br> 2.500%, 9/15/28 | &nbsp;&nbsp; 1720 | &nbsp;&nbsp; 1805 |
| Itron, Inc. 144A<br> 1.375%, 7/15/30<sup>(1)</sup> | &nbsp;&nbsp; 1200 | &nbsp;&nbsp; 1308 |
| OSI Systems, Inc. 144A<br> 2.250%, 8/1/29<sup>(1)</sup> | &nbsp;&nbsp; 1810 | &nbsp;&nbsp; 2299 |
|  |  | &nbsp;&nbsp; 5412 |
| **Engineering & Construction—0.3%** | **Engineering & Construction—0.3%** |  |
| Granite Construction, Inc. 144A<br> 3.250%, 6/15/30<sup>(1)</sup> | &nbsp;&nbsp; 1680 | &nbsp;&nbsp; 2116 |
| **Entertainment—1.8%** | **Entertainment—1.8%** |  |
| DraftKings Holdings, Inc.<br> 0.000%, 3/15/28<sup>(2)</sup> | &nbsp;&nbsp; 4185 | &nbsp;&nbsp; 3672 |
| IMAX Corp.<br> 0.500%, 4/1/26 | &nbsp;&nbsp; 1835 | &nbsp;&nbsp; 1950 |
| Live Nation Entertainment, Inc. 144A<br> 2.875%, 1/15/30<sup>(1)</sup> | &nbsp;&nbsp; 6015 | &nbsp;&nbsp; 6219 |
|  |  | &nbsp;&nbsp; 11841 |
| **Financial Services—1.5%** | **Financial Services—1.5%** |  |
| Coinbase Global, Inc.<br> 0.500%, 6/1/26 | &nbsp;&nbsp; 3805 | &nbsp;&nbsp; 3811 |
| Galaxy Digital Holdings LP 144A<br> 2.500%, 12/1/29<sup>(1)</sup> | &nbsp;&nbsp; 2120 | &nbsp;&nbsp; 2052 |
| SoFi Technologies, Inc. 144A<br> 0.000%, 10/15/26<sup>(1)</sup> | &nbsp;&nbsp; 2940 | &nbsp;&nbsp; 2950 |
| Upstart Holdings, Inc. 144A<br> 1.000%, 11/15/30<sup>(1)</sup> | &nbsp;&nbsp; 1215 | &nbsp;&nbsp; 1018 |
|  |  | &nbsp;&nbsp; 9831 |
| **Health Care REITs—1.1%** | **Health Care REITs—1.1%** |  |
| Welltower OP LLC 144A<br> 3.125%, 7/15/29<sup>(1)</sup> | &nbsp;&nbsp; 5710 | &nbsp;&nbsp; 7606 |
| **Healthcare-Products—1.5%** | **Healthcare-Products—1.5%** |  |
| Alphatec Holdings, Inc. 144A<br> 0.750%, 3/15/30<sup>(1)</sup> | &nbsp;&nbsp; 1850 | &nbsp;&nbsp; 1824 |
| Envista Holdings Corp.<br> 2.375%, 6/1/25 | &nbsp;&nbsp; 1280 | &nbsp;&nbsp; 1272 |
| Exact Sciences Corp. 144A<br> 1.750%, 4/15/31<sup>(1)</sup> | &nbsp;&nbsp; 1860 | &nbsp;&nbsp; 1617 |
| Insulet Corp.<br> 0.375%, 9/1/26 | &nbsp;&nbsp; 1400 | &nbsp;&nbsp; 1732 |
| iRhythm Technologies, Inc.<br> 1.500%, 9/1/29 | &nbsp;&nbsp; 1365 | &nbsp;&nbsp; 1422 |

---

See Notes to Schedule of Investments

------

#### VIRTUS Equity & Convertible Income Fund

#### SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

#### April 30, 2025
($ reported in thousands)

---

| | | |
|:---|:---|:---|
|  | **Par Value** | **Value** |
| **Healthcare-Products—continued** | **Healthcare-Products—continued** |  |
| Merit Medical Systems, Inc. 144A<br> 3.000%, 2/1/29<sup>(1)</sup> | $950 | $1209 |
| Repligen Corp.<br> 1.000%, 12/15/28 | &nbsp;&nbsp; 1070 | &nbsp;&nbsp; 1092 |
|  |  | &nbsp;&nbsp; 10168 |
| **Industrial REITs—0.5%** | **Industrial REITs—0.5%** |  |
| Rexford Industrial Realty LP 144A<br> 4.375%, 3/15/27<sup>(1)</sup> | &nbsp;&nbsp; 3110 | &nbsp;&nbsp; 3070 |
| **Internet—3.0%** | **Internet—3.0%** |  |
| Alibaba Group Holding Ltd. 144A<br> 0.500%, 6/1/31<sup>(1)</sup> | &nbsp;&nbsp; 405 | &nbsp;&nbsp; 532 |
| Expedia Group, Inc.<br> 0.000%, 2/15/26 | &nbsp;&nbsp; 1465 | &nbsp;&nbsp; 1429 |
| Magnite, Inc.<br> 0.250%, 3/15/26 | &nbsp;&nbsp; 1330 | &nbsp;&nbsp; 1269 |
| Palo Alto Networks, Inc.<br> 0.375%, 6/1/25 | &nbsp;&nbsp; 420 | &nbsp;&nbsp; 1568 |
| Sea Ltd.<br> 2.375%, 12/1/25 | &nbsp;&nbsp; 875 | &nbsp;&nbsp; 1325 |
| Shopify, Inc.<br> 0.125%, 11/1/25 | &nbsp;&nbsp; 2490 | &nbsp;&nbsp; 2480 |
| Snap, Inc.<br> 0.750%, 8/1/26 | &nbsp;&nbsp; 1370 | &nbsp;&nbsp; 1312 |
| Spotify USA, Inc.<br> 0.000%, 3/15/26 | &nbsp;&nbsp; 940 | &nbsp;&nbsp; 1210 |
| Trip.com Group Ltd. 144A<br> 0.750%, 6/15/29<sup>(1)</sup> | &nbsp;&nbsp; 1560 | &nbsp;&nbsp; 1760 |
| Uber Technologies, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;0.000%, 12/15/25 | &nbsp;&nbsp; 4065 | &nbsp;&nbsp; 4549 |
| &nbsp;&nbsp;&nbsp;0.875%, 12/1/28 | &nbsp;&nbsp; 525 | &nbsp;&nbsp; 688 |
| Wayfair, Inc.<br> 3.250%, 9/15/27 | &nbsp;&nbsp; 1370 | &nbsp;&nbsp; 1273 |
| Zillow Group, Inc.<br> 2.750%, 5/15/25 | &nbsp;&nbsp; 575 | &nbsp;&nbsp; 578 |
|  |  | &nbsp;&nbsp; 19973 |
| **Investment Companies—0.1%** | **Investment Companies—0.1%** |  |
| IREN Ltd. 144A<br> 3.250%, 6/15/30<sup>(1)</sup> | &nbsp;&nbsp; 820 | &nbsp;&nbsp; 594 |
| **Iron & Steel—0.2%** | **Iron & Steel—0.2%** |  |
| United States Steel Corp.<br> 5.000%, 11/1/26 | &nbsp;&nbsp; 390 | &nbsp;&nbsp; 1274 |
| **Leisure Time—0.5%** | **Leisure Time—0.5%** |  |
| NCL Corp., Ltd.<br> 1.125%, 2/15/27 | &nbsp;&nbsp; 2700 | &nbsp;&nbsp; 2551 |
| Royal Caribbean Cruises Ltd.<br> 6.000%, 8/15/25 | &nbsp;&nbsp; 205 | &nbsp;&nbsp; 884 |
|  |  | &nbsp;&nbsp; 3435 |
| **Machinery-Construction & Mining—0.2%** | **Machinery-Construction & Mining—0.2%** |  |
| Bloom Energy Corp. 144A<br> 3.000%, 6/1/29<sup>(1)</sup> | &nbsp;&nbsp; 1140 | &nbsp;&nbsp; 1361 |

---

---

| | | |
|:---|:---|:---|
|  | **Par Value** | **Value** |
| **Media—0.9%** | **Media—0.9%** |  |
| Liberty Broadband Corp. 144A<br> 3.125%, 3/31/53<sup>(1)</sup> | $4585 | $4634 |
| Liberty Media Corp.-Liberty Formula One<br> 2.250%, 8/15/27 | &nbsp;&nbsp; 1055 | &nbsp;&nbsp; 1281 |
|  |  | &nbsp;&nbsp; 5915 |
| **Metal Fabricate/Hardware—0.3%** | **Metal Fabricate/Hardware—0.3%** |  |
| Xometry, Inc.<br> 1.000%, 2/1/27 | &nbsp;&nbsp; 2285 | &nbsp;&nbsp; 2187 |
| **Mining—0.2%** | **Mining—0.2%** |  |
| MP Materials Corp. 144A<br> 3.000%, 3/1/30<sup>(1)</sup> | &nbsp;&nbsp; 820 | &nbsp;&nbsp; 1141 |
| **Miscellaneous Manufacturing—0.1%** | **Miscellaneous Manufacturing—0.1%** |  |
| Axon Enterprise, Inc.<br> 0.500%, 12/15/27 | &nbsp;&nbsp; 320 | &nbsp;&nbsp; 867 |
| **Oil, Gas & Consumable Fuels—0.4%** | **Oil, Gas & Consumable Fuels—0.4%** |  |
| UGI Corp. 144A<br> 5.000%, 6/1/28<sup>(1)</sup> | &nbsp;&nbsp; 1950 | &nbsp;&nbsp; 2493 |
| **Passenger Airlines—0.4%** | **Passenger Airlines—0.4%** |  |
| American Airlines Group, Inc.<br> 6.500%, 7/1/25 | &nbsp;&nbsp; 2795 | &nbsp;&nbsp; 2792 |
| **Pharmaceuticals—0.9%** | **Pharmaceuticals—0.9%** |  |
| Dexcom, Inc.<br> 0.250%, 11/15/25 | &nbsp;&nbsp; 3650 | &nbsp;&nbsp; 3549 |
| Jazz Investments I Ltd. 144A<br> 3.125%, 9/15/30<sup>(1)</sup> | &nbsp;&nbsp; 2125 | &nbsp;&nbsp; 2308 |
|  |  | &nbsp;&nbsp; 5857 |
| **Retail—0.4%** | **Retail—0.4%** |  |
| Burlington Stores, Inc.<br> 1.250%, 12/15/27 | &nbsp;&nbsp; 1480 | &nbsp;&nbsp; 1896 |
| Shake Shack, Inc.<br> 0.000%, 3/1/28 | &nbsp;&nbsp; 1145 | &nbsp;&nbsp; 1055 |
|  |  | &nbsp;&nbsp; 2951 |
| **Retail REIT—0.1%** | **Retail REIT—0.1%** |  |
| Federal Realty OP LP 144A<br> 3.250%, 1/15/29<sup>(1)</sup> | &nbsp;&nbsp; 905 | &nbsp;&nbsp; 901 |
| **Semiconductors—1.2%** | **Semiconductors—1.2%** |  |
| MACOM Technology Solutions Holdings, Inc. 144A<br> 0.000%, 12/15/29<sup>(1)(2)</sup> | &nbsp;&nbsp; 2060 | &nbsp;&nbsp; 1924 |
| ON Semiconductor Corp. |  |  |
| &nbsp;&nbsp;&nbsp;0.000%, 5/1/27 | &nbsp;&nbsp; 1355 | &nbsp;&nbsp; 1446 |
| &nbsp;&nbsp;&nbsp;0.500%, 3/1/29 | &nbsp;&nbsp; 1300 | &nbsp;&nbsp; 1122 |
| Semtech Corp.<br> 1.625%, 11/1/27 | &nbsp;&nbsp; 1220 | &nbsp;&nbsp; 1433 |
| Synaptics, Inc. 144A<br> 0.750%, 12/1/31<sup>(1)</sup> | &nbsp;&nbsp; 1565 | &nbsp;&nbsp; 1375 |
| Wolfspeed, Inc.<br> 0.250%, 2/15/28 | &nbsp;&nbsp; 1925 | &nbsp;&nbsp; 618 |
|  |  | &nbsp;&nbsp; 7918 |

---

See Notes to Schedule of Investments

------

#### VIRTUS Equity & Convertible Income Fund

#### SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

#### April 30, 2025
($ reported in thousands)

---

| | | |
|:---|:---|:---|
|  | **Par Value** | **Value** |
| **Software—3.8%** | **Software—3.8%** |  |
| Alignment Healthcare, Inc. 144A<br> 4.250%, 11/15/29<sup>(1)</sup> | $875 | $1235 |
| Cloudflare, Inc.<br> 0.000%, 8/15/26<sup>(2)</sup> | &nbsp;&nbsp; 3195 | &nbsp;&nbsp;&nbsp; 3246 |
| Confluent, Inc.<br> 0.000%, 1/15/27<sup>(2)</sup> | &nbsp;&nbsp; 2305 | &nbsp;&nbsp;&nbsp; 2116 |
| Datadog, Inc. 144A<br> 0.000%, 12/1/29<sup>(1)(2)</sup> | &nbsp;&nbsp; 3410 | &nbsp;&nbsp;&nbsp; 3065 |
| Guidewire Software, Inc. 144A<br> 1.250%, 11/1/29<sup>(1)</sup> | &nbsp;&nbsp; 2400 | &nbsp;&nbsp;&nbsp; 2639 |
| MicroStrategy, Inc. 144A<br> 0.000%, 12/1/29<sup>(1)(2)</sup> | &nbsp;&nbsp; 5820 | &nbsp;&nbsp;&nbsp; 5293 |
| Nutanix, Inc. 144A<br> 0.500%, 12/15/29<sup>(1)</sup> | &nbsp;&nbsp; 2660 | &nbsp;&nbsp;&nbsp; 2871 |
| Snowflake, Inc. 144A<br> 0.000%, 10/1/29<sup>(1)</sup> | &nbsp;&nbsp; 3200 | &nbsp;&nbsp;&nbsp; 3970 |
| Unity Software, Inc. 144A<br> 0.000%, 3/15/30<sup>(1)</sup> | &nbsp;&nbsp; 1295 | &nbsp;&nbsp;&nbsp; 1217 |
|  |  | &nbsp;&nbsp;&nbsp; 25652 |
| **Telecommunications—0.4%** | **Telecommunications—0.4%** |  |
| AST SpaceMobile, Inc. 144A<br> 4.250%, 3/1/32<sup>(1)</sup> | &nbsp;&nbsp; 630 | &nbsp;&nbsp;&nbsp; 738 |
| InterDigital, Inc.<br> 3.500%, 6/1/27 | &nbsp;&nbsp; 180 | &nbsp;&nbsp;&nbsp; 470 |
| Viavi Solutions, Inc.<br> 1.625%, 3/15/26 | &nbsp;&nbsp; 1365 | &nbsp;&nbsp;&nbsp; 1428 |
|  |  | &nbsp;&nbsp;&nbsp; 2636 |
| **Water Utilities—0.4%** | **Water Utilities—0.4%** |  |
| American Water Capital Corp.<br> 3.625%, 6/15/26 | &nbsp;&nbsp; 2380 | &nbsp;&nbsp;&nbsp; 2451 |
| **Total Convertible Bonds and Notes<br> (Identified Cost $200,965)** | **Total Convertible Bonds and Notes<br> (Identified Cost $200,965)** | &nbsp;&nbsp;&nbsp;&nbsp;**200102** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** |  |
| **Convertible Preferred Stocks—4.7%** | **Convertible Preferred Stocks—4.7%** | **Convertible Preferred Stocks—4.7%** |
| **Aerospace & Defense—1.2%** | **Aerospace & Defense—1.2%** |  |
| Boeing Co. (The), 6.000% | &nbsp;&nbsp;&nbsp;&nbsp;128460 | &nbsp;&nbsp; 7885 |
| **Banks—1.1%** | **Banks—1.1%** |  |
| Wells Fargo & Co. Series L, 7.500% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6245 | &nbsp;&nbsp; 7257 |
| **Capital Markets—0.7%** | **Capital Markets—0.7%** |  |
| Ares Management Corp. Series B, 6.750% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40590 | &nbsp;&nbsp; 2004 |
| KKR & Co., Inc. Series D, 6.250% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51045 | &nbsp;&nbsp; 2446 |
|  |  | &nbsp;&nbsp; 4450 |
| **Chemicals—0.1%** | **Chemicals—0.1%** |  |
| Albemarle Corp., 7.250% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27860 | &nbsp;&nbsp; 853 |
| **Electric Utilities—0.6%** | **Electric Utilities—0.6%** |  |
| NextEra Energy, Inc., 6.926% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47075 | &nbsp;&nbsp; 1812 |
| PG&E Corp. Series A, 6.000% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52565 | &nbsp;&nbsp; 2286 |
|  |  | &nbsp;&nbsp; 4098 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Healthcare Providers & Services—0.3%** | **Healthcare Providers & Services—0.3%** |  |
| BrightSpring Health Services, Inc., 6.750% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26885 | $1686 |
| **Machinery—0.1%** | **Machinery—0.1%** |  |
| Chart Industries, Inc. Series B, 6.750% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8600 | &nbsp;&nbsp;&nbsp; 455 |
| **Semiconductors & Semiconductor Equipment—0.3%** | **Semiconductors & Semiconductor Equipment—0.3%** |  |
| Microchip Technology, Inc., 7.500% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46505 | &nbsp;&nbsp;&nbsp; 2207 |
| **Software—0.1%** | **Software—0.1%** |  |
| MicroStrategy, Inc., 8.000% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7090 | &nbsp;&nbsp;&nbsp; 635 |
| **Technology Hardware, Storage & Peripherals—0.2%** | **Technology Hardware, Storage & Peripherals—0.2%** |  |
| Hewlett Packard Enterprise Co., 7.625% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32150 | &nbsp;&nbsp;&nbsp; 1614 |
| **Total Convertible Preferred Stocks<br> (Identified Cost $31,621)** | **Total Convertible Preferred Stocks<br> (Identified Cost $31,621)** | &nbsp;&nbsp;&nbsp;&nbsp; **31140** |
| **Common Stocks—56.7%** | **Common Stocks—56.7%** | **Common Stocks—56.7%** |
| **Air Freight & Logistics—0.1%** | **Air Freight & Logistics—0.1%** |  |
| FedEx Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4475 | &nbsp;&nbsp;&nbsp; 941 |
| **Automobiles—1.2%** | **Automobiles—1.2%** |  |
| Tesla, Inc.<sup>(3)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27325 | &nbsp;&nbsp;&nbsp; 7710 |
| **Banks—2.4%** | **Banks—2.4%** |  |
| Bank of America Corp. | &nbsp;&nbsp;&nbsp;&nbsp;103045 | &nbsp;&nbsp;&nbsp; 4109 |
| Citigroup, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54855 | &nbsp;&nbsp;&nbsp; 3751 |
| JPMorgan Chase & Co. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32045 | &nbsp;&nbsp;&nbsp; 7839 |
|  |  | &nbsp;&nbsp;&nbsp; 15699 |
| **Beverages—0.6%** | **Beverages—0.6%** |  |
| Coca-Cola Co. (The) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51135 | &nbsp;&nbsp;&nbsp; 3710 |
| **Biotechnology—1.9%** | **Biotechnology—1.9%** |  |
| AbbVie, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22845 | &nbsp;&nbsp;&nbsp; 4457 |
| Gilead Sciences, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20385 | &nbsp;&nbsp;&nbsp; 2172 |
| Regeneron Pharmaceuticals, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3445 | &nbsp;&nbsp;&nbsp; 2063 |
| Vertex Pharmaceuticals, Inc.<sup>(3)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8225 | &nbsp;&nbsp;&nbsp; 4190 |
|  |  | &nbsp;&nbsp;&nbsp; 12882 |
| **Broadline Retail—2.2%** | **Broadline Retail—2.2%** |  |
| Amazon.com, Inc.<sup>(3)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;77725 | &nbsp;&nbsp;&nbsp; 14334 |
| **Building Products—0.2%** | **Building Products—0.2%** |  |
| Johnson Controls International plc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13390 | &nbsp;&nbsp;&nbsp; 1123 |
| **Capital Markets—2.1%** | **Capital Markets—2.1%** |  |
| Charles Schwab Corp. (The) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;77040 | &nbsp;&nbsp;&nbsp; 6271 |
| Intercontinental Exchange, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14325 | &nbsp;&nbsp;&nbsp; 2406 |
| Moody's Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6360 | &nbsp;&nbsp;&nbsp; 2882 |
| Morgan Stanley | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22345 | &nbsp;&nbsp;&nbsp; 2579 |
|  |  | &nbsp;&nbsp;&nbsp; 14138 |
| **Chemicals—1.3%** | **Chemicals—1.3%** |  |
| Air Products & Chemicals, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9110 | &nbsp;&nbsp;&nbsp; 2470 |
| DuPont de Nemours, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29682 | &nbsp;&nbsp;&nbsp; 1959 |
| Ecolab, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8445 | &nbsp;&nbsp;&nbsp; 2123 |

---

See Notes to Schedule of Investments

------

#### VIRTUS Equity & Convertible Income Fund

#### SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

#### April 30, 2025
($ reported in thousands)

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Chemicals—continued** | **Chemicals—continued** |  |
| Linde plc | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4640 | $2103 |
|  |  | &nbsp;&nbsp; 8655 |
| **Commercial Services & Supplies—1.0%** | **Commercial Services & Supplies—1.0%** |  |
| Cintas Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15990 | &nbsp;&nbsp; 3385 |
| Waste Management, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14950 | &nbsp;&nbsp; 3488 |
|  |  | &nbsp;&nbsp; 6873 |
| **Communications Equipment—1.1%** | **Communications Equipment—1.1%** |  |
| Cisco Systems, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;91620 | &nbsp;&nbsp; 5289 |
| Motorola Solutions, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5095 | &nbsp;&nbsp; 2244 |
|  |  | &nbsp;&nbsp; 7533 |
| **Construction & Engineering—0.5%** | **Construction & Engineering—0.5%** |  |
| Quanta Services, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10730 | &nbsp;&nbsp; 3141 |
| **Consumer Finance—0.8%** | **Consumer Finance—0.8%** |  |
| Discover Financial Services | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29565 | &nbsp;&nbsp; 5401 |
| **Consumer Staples Distribution & Retail—2.3%** | **Consumer Staples Distribution & Retail—2.3%** |  |
| Costco Wholesale Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6510 | &nbsp;&nbsp; 6474 |
| Target Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12525 | &nbsp;&nbsp; 1211 |
| Walmart, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;80850 | &nbsp;&nbsp; 7863 |
|  |  | &nbsp;&nbsp; 15548 |
| **Diversified Telecommunication Services—0.3%** | **Diversified Telecommunication Services—0.3%** |  |
| AT&T, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;73240 | &nbsp;&nbsp; 2029 |
| **Electric Utilities—0.2%** | **Electric Utilities—0.2%** |  |
| Constellation Energy Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5270 | &nbsp;&nbsp; 1178 |
| **Electrical Equipment—0.2%** | **Electrical Equipment—0.2%** |  |
| Rockwell Automation, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4105 | &nbsp;&nbsp; 1017 |
| **Entertainment—1.2%** | **Entertainment—1.2%** |  |
| Netflix, Inc.<sup>(3)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5730 | &nbsp;&nbsp; 6485 |
| Take-Two Interactive Software, Inc.<sup>(3)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7257 | &nbsp;&nbsp; 1693 |
|  |  | &nbsp;&nbsp; 8178 |
| **Financial Services—2.1%** | **Financial Services—2.1%** |  |
| Fiserv, Inc.<sup>(3)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9270 | &nbsp;&nbsp; 1711 |
| Mastercard, Inc. Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22265 | &nbsp;&nbsp; 12202 |
|  |  | &nbsp;&nbsp; 13913 |
| **Healthcare Equipment & Supplies—1.6%** | **Healthcare Equipment & Supplies—1.6%** |  |
| Boston Scientific Corp.<sup>(3)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62400 | &nbsp;&nbsp; 6419 |
| Intuitive Surgical, Inc.<sup>(3)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8445 | &nbsp;&nbsp; 4356 |
|  |  | &nbsp;&nbsp; 10775 |
| **Healthcare Providers & Services—1.5%** | **Healthcare Providers & Services—1.5%** |  |
| CVS Health Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31410 | &nbsp;&nbsp; 2096 |
| McKesson Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5065 | &nbsp;&nbsp; 3610 |
| UnitedHealth Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10145 | &nbsp;&nbsp; 4174 |
|  |  | &nbsp;&nbsp; 9880 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Hotels, Restaurants & Leisure—1.0%** | **Hotels, Restaurants & Leisure—1.0%** |  |
| Chipotle Mexican Grill, Inc. Class A<sup>(3)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56135 | $2836 |
| McDonald's Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11560 | &nbsp;&nbsp; 3695 |
|  |  | &nbsp;&nbsp; 6531 |
| **Industrial Conglomerates—1.6%** | **Industrial Conglomerates—1.6%** |  |
| 3M Co. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24645 | &nbsp;&nbsp; 3424 |
| General Electric Co. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35945 | &nbsp;&nbsp; 7244 |
|  |  | &nbsp;&nbsp; 10668 |
| **Insurance—1.3%** | **Insurance—1.3%** |  |
| Allstate Corp. (The) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22545 | &nbsp;&nbsp; 4473 |
| Aon plc Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11870 | &nbsp;&nbsp; 4211 |
|  |  | &nbsp;&nbsp; 8684 |
| **Interactive Media & Services—3.4%** | **Interactive Media & Services—3.4%** |  |
| Alphabet, Inc. Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;55960 | &nbsp;&nbsp; 8886 |
| Alphabet, Inc. Class C | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20505 | &nbsp;&nbsp; 3299 |
| Meta Platforms, Inc. Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18845 | &nbsp;&nbsp; 10346 |
|  |  | &nbsp;&nbsp; 22531 |
| **IT Services—0.7%** | **IT Services—0.7%** |  |
| Accenture plc Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4675 | &nbsp;&nbsp; 1398 |
| GoDaddy, Inc. Class A<sup>(3)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17580 | &nbsp;&nbsp; 3311 |
|  |  | &nbsp;&nbsp; 4709 |
| **Life Sciences Tools & Services—0.4%** | **Life Sciences Tools & Services—0.4%** |  |
| Danaher Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15045 | &nbsp;&nbsp; 2999 |
| **Machinery—1.0%** | **Machinery—1.0%** |  |
| Deere & Co. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6495 | &nbsp;&nbsp; 3011 |
| Parker-Hannifin Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6575 | &nbsp;&nbsp; 3978 |
|  |  | &nbsp;&nbsp; 6989 |
| **Oil, Gas & Consumable Fuels—0.4%** | **Oil, Gas & Consumable Fuels—0.4%** |  |
| Williams Cos., Inc. (The) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41705 | &nbsp;&nbsp; 2443 |
| **Pharmaceuticals—1.1%** | **Pharmaceuticals—1.1%** |  |
| Eli Lilly & Co. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8420 | &nbsp;&nbsp; 7569 |
| **Real Estate Management & Development—0.6%** | **Real Estate Management & Development—0.6%** |  |
| CBRE Group, Inc. Class A<sup>(3)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17680 | &nbsp;&nbsp; 2160 |
| CoStar Group, Inc.<sup>(3)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24425 | &nbsp;&nbsp; 1812 |
|  |  | &nbsp;&nbsp; 3972 |
| **Semiconductors & Semiconductor Equipment—6.7%** | **Semiconductors & Semiconductor Equipment—6.7%** |  |
| Analog Devices, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17265 | &nbsp;&nbsp; 3365 |
| Broadcom, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37615 | &nbsp;&nbsp; 7240 |
| KLA Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4465 | &nbsp;&nbsp; 3138 |
| Micron Technology, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21120 | &nbsp;&nbsp; 1625 |
| NVIDIA Corp. | &nbsp;&nbsp;&nbsp;&nbsp;247900 | &nbsp;&nbsp; 27001 |
| Texas Instruments, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16120 | &nbsp;&nbsp; 2580 |
|  |  | &nbsp;&nbsp; 44949 |
| **Software—6.9%** | **Software—6.9%** |  |
| Atlassian Corp. Class A<sup>(3)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10010 | &nbsp;&nbsp; 2285 |

---

See Notes to Schedule of Investments

------

#### VIRTUS Equity & Convertible Income Fund

#### SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

#### April 30, 2025
($ reported in thousands)

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Software—continued** | **Software—continued** |  |
| Autodesk, Inc.<sup>(3)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7280 | $1997 |
| Cadence Design Systems, Inc.<sup>(3)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6975 | &nbsp;&nbsp;&nbsp; 2077 |
| Crowdstrike Holdings, Inc. Class A<sup>(3)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8325 | &nbsp;&nbsp;&nbsp; 3570 |
| Microsoft Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54344 | &nbsp;&nbsp;&nbsp; 21480 |
| Oracle Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11798 | &nbsp;&nbsp;&nbsp; 1660 |
| Palantir Technologies, Inc. Class A<sup>(3)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17770 | &nbsp;&nbsp;&nbsp; 2105 |
| Roper Technologies, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4905 | &nbsp;&nbsp;&nbsp; 2747 |
| Salesforce, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17555 | &nbsp;&nbsp;&nbsp; 4717 |
| ServiceNow, Inc.<sup>(3)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3390 | &nbsp;&nbsp;&nbsp; 3238 |
|  |  | &nbsp;&nbsp;&nbsp; 45876 |
| **Specialized REITs—1.0%** | **Specialized REITs—1.0%** |  |
| American Tower Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11660 | &nbsp;&nbsp;&nbsp; 2628 |
| Equinix, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4345 | &nbsp;&nbsp;&nbsp; 3740 |
|  |  | &nbsp;&nbsp;&nbsp; 6368 |
| **Specialty Retail—2.0%** | **Specialty Retail—2.0%** |  |
| Chewy, Inc. Class A<sup>(3)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63405 | &nbsp;&nbsp;&nbsp; 2378 |
| Home Depot, Inc. (The) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11435 | &nbsp;&nbsp;&nbsp; 4122 |
| O'Reilly Automotive, Inc.<sup>(3)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2575 | &nbsp;&nbsp;&nbsp; 3644 |
| TJX Cos., Inc. (The) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26855 | &nbsp;&nbsp;&nbsp; 3456 |
|  |  | &nbsp;&nbsp;&nbsp; 13600 |
| **Technology Hardware, Storage & Peripherals—3.8%** | **Technology Hardware, Storage & Peripherals—3.8%** |  |
| Apple, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;119283 | &nbsp;&nbsp;&nbsp; 25348 |
| **Total Common Stocks<br> (Identified Cost $376,297)** | **Total Common Stocks<br> (Identified Cost $376,297)** | &nbsp;&nbsp;&nbsp;&nbsp;**377894** |
| **Total Long-Term Investments—91.4%<br> (Identified Cost $608,883)** | **Total Long-Term Investments—91.4%<br> (Identified Cost $608,883)** | &nbsp;&nbsp;&nbsp;&nbsp;**609136** |
| **Short-Term Investment—5.6%** | **Short-Term Investment—5.6%** | **Short-Term Investment—5.6%** |
| **Money Market Mutual Fund—5.6%** | **Money Market Mutual Fund—5.6%** | **Money Market Mutual Fund—5.6%** |
| BlackRock Liquidity FedFund - Institutional Shares (seven-day effective yield 4.222%)<sup>(4)</sup> | 37152149 | &nbsp;&nbsp;&nbsp; 37152 |
| **Total Short-Term Investment<br> (Identified Cost $37,152)** | **Total Short-Term Investment<br> (Identified Cost $37,152)** | &nbsp;&nbsp;&nbsp;&nbsp; **37152** |
| **TOTAL INVESTMENTS, BEFORE WRITTEN OPTIONS—97.0%<br> (Identified Cost $646,035)** | **TOTAL INVESTMENTS, BEFORE WRITTEN OPTIONS—97.0%<br> (Identified Cost $646,035)** | &nbsp;&nbsp;&nbsp;&nbsp;**646288** |

---

---

| | |
|:---|:---|
|  | &nbsp;&nbsp;**Value** |
| **Written Options—(0.1)%** | **Written Options—(0.1)%** |
| (See open written options schedule) |  |
| **Total Written Options<br> (Premiums Received $145)** | **$(296)** |
| **TOTAL INVESTMENTS, NET OF WRITTEN OPTIONS—96.9%<br> (Identified Cost $645,890)** | **$645992** |
| Other assets and liabilities, net—3.1% | &nbsp;&nbsp;&nbsp; 20381 |
| **NET ASSETS—100.0%** | **$666373** |

---

---

| | |
|:---|:---|
| **Abbreviations:** | **Abbreviations:** |
| LLC | Limited Liability Company |
| LP | Limited Partnership |
| OP | Operating Partnership |
| plc | Public Limited Company |
| REIT | Real Estate Investment Trust |

---

---

| | |
|:---|:---|
| **Footnote Legend:** | **Footnote Legend:** |
| <sup>(1)</sup> | Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At April 30, 2025, these securities amounted to a value of $81,332 or 12.2% of net assets. |
| <sup>(2)</sup> | Issued with a zero coupon. Income is recognized through the accretion of discount. |
| <sup>(3)</sup> | Non-income producing. |
| <sup>(4)</sup> | Shares of this fund are publicly offered, and its prospectus and annual report are publicly available. |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Open written options contracts as of April 30, 2025 were as follows:** | **Open written options contracts as of April 30, 2025 were as follows:** | **Open written options contracts as of April 30, 2025 were as follows:** | **Open written options contracts as of April 30, 2025 were as follows:** | **Open written options contracts as of April 30, 2025 were as follows:** | **Open written options contracts as of April 30, 2025 were as follows:** |
| **Description of Options** | &nbsp;&nbsp;&nbsp;&nbsp;**Number of<br> Contracts** | &nbsp;&nbsp;&nbsp;&nbsp;**Contract<br> Notional<br> Amount** | &nbsp;&nbsp;&nbsp;&nbsp;**Strike<br> Price<sup>(1)</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;**Expiration<br> Date** | &nbsp;&nbsp;&nbsp;&nbsp;**Value** |
| **Call Options<sup>(2)</sup>** |  |  |  |  |  |
| 3M Co. | &nbsp;&nbsp;&nbsp;&nbsp;(130) | &nbsp;&nbsp;&nbsp;&nbsp;$(1950) | &nbsp;&nbsp;&nbsp;&nbsp;$150.00 | &nbsp;&nbsp;&nbsp;&nbsp;05/16/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$(4) |
| AbbVie, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;(114) | &nbsp;&nbsp;&nbsp;&nbsp;(2280) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;200.00 | &nbsp;&nbsp;&nbsp;&nbsp;05/16/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(28) |
| Alphabet, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;(103) | &nbsp;&nbsp;&nbsp;&nbsp;(1906) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;185.00 | &nbsp;&nbsp;&nbsp;&nbsp;05/16/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) |
| Alphabet, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;(280) | &nbsp;&nbsp;&nbsp;&nbsp;(5320) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;190.00 | &nbsp;&nbsp;&nbsp;&nbsp;05/16/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) |
| Bank of America Corp. | &nbsp;&nbsp;&nbsp;&nbsp;(515) | &nbsp;&nbsp;&nbsp;&nbsp;(2163) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42.00 | &nbsp;&nbsp;&nbsp;&nbsp;05/16/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(12) |
| Boston Scientific Corp. | &nbsp;&nbsp;&nbsp;&nbsp;(292) | &nbsp;&nbsp;&nbsp;&nbsp;(3124) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;107.00 | &nbsp;&nbsp;&nbsp;&nbsp;05/16/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(19) |
| Cadence Design Systems, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;(29) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(957) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;330.00 | &nbsp;&nbsp;&nbsp;&nbsp;05/16/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) |
| CBRE Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;(88) | &nbsp;&nbsp;&nbsp;&nbsp;(1188) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;135.00 | &nbsp;&nbsp;&nbsp;&nbsp;05/16/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) |

---

See Notes to Schedule of Investments

------

#### VIRTUS Equity & Convertible Income Fund

#### SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

#### April 30, 2025
($ reported in thousands)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Open written options contracts as of April 30, 2025 were as follows (continued):** | **Open written options contracts as of April 30, 2025 were as follows (continued):** | **Open written options contracts as of April 30, 2025 were as follows (continued):** | **Open written options contracts as of April 30, 2025 were as follows (continued):** | **Open written options contracts as of April 30, 2025 were as follows (continued):** | **Open written options contracts as of April 30, 2025 were as follows (continued):** |
| **Description of Options** | &nbsp;&nbsp;&nbsp;&nbsp;**Number of<br> Contracts** | &nbsp;&nbsp;&nbsp;&nbsp;**Contract<br> Notional<br> Amount** | &nbsp;&nbsp;&nbsp;&nbsp;**Strike<br> Price<sup>(1)</sup>** | &nbsp;&nbsp;&nbsp;&nbsp;**Expiration<br> Date** | &nbsp;&nbsp;&nbsp;&nbsp;**Value** |
| **Call Options<sup>(2)</sup> (continued)** |  |  |  |  |  |
| Charles Schwab Corp. (The) | &nbsp;&nbsp;&nbsp;&nbsp;(271) | &nbsp;&nbsp;&nbsp;&nbsp;$(2303) | &nbsp;&nbsp;&nbsp;&nbsp;$85.00 | &nbsp;&nbsp;&nbsp;&nbsp;05/16/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$(15) |
| Citigroup, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;(274) | &nbsp;&nbsp;&nbsp;&nbsp;(2055) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75.00 | &nbsp;&nbsp;&nbsp;&nbsp;05/16/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) |
| Coca-Cola Co. (The) | &nbsp;&nbsp;&nbsp;&nbsp;(256) | &nbsp;&nbsp;&nbsp;&nbsp;(1946) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;76.00 | &nbsp;&nbsp;&nbsp;&nbsp;05/16/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) |
| Discover Financial Services | &nbsp;&nbsp;&nbsp;&nbsp;(74) | &nbsp;&nbsp;&nbsp;&nbsp;(1517) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;205.00 | &nbsp;&nbsp;&nbsp;&nbsp;05/16/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) |
| Ecolab, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;(42) | &nbsp;&nbsp;&nbsp;&nbsp;(1134) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;270.00 | &nbsp;&nbsp;&nbsp;&nbsp;06/20/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6) |
| General Electric Co. | &nbsp;&nbsp;&nbsp;&nbsp;(180) | &nbsp;&nbsp;&nbsp;&nbsp;(3780) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;210.00 | &nbsp;&nbsp;&nbsp;&nbsp;05/16/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(30) |
| Home Depot, Inc. (The) | &nbsp;&nbsp;&nbsp;&nbsp;(57) | &nbsp;&nbsp;&nbsp;&nbsp;(2337) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;410.00 | &nbsp;&nbsp;&nbsp;&nbsp;05/16/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(—) <sup>(3)</sup> |
| Intuitive Surgical, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;(42) | &nbsp;&nbsp;&nbsp;&nbsp;(2436) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;580.00 | &nbsp;&nbsp;&nbsp;&nbsp;05/16/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5) |
| JPMorgan Chase & Co. | &nbsp;&nbsp;&nbsp;&nbsp;(160) | &nbsp;&nbsp;&nbsp;&nbsp;(4240) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;265.00 | &nbsp;&nbsp;&nbsp;&nbsp;05/16/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) |
| Moody's Corp. | &nbsp;&nbsp;&nbsp;&nbsp;(32) | &nbsp;&nbsp;&nbsp;&nbsp;(1504) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;470.00 | &nbsp;&nbsp;&nbsp;&nbsp;05/16/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(11) |
| Morgan Stanley | &nbsp;&nbsp;&nbsp;&nbsp;(93) | &nbsp;&nbsp;&nbsp;&nbsp;(1163) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;125.00 | &nbsp;&nbsp;&nbsp;&nbsp;05/16/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) |
| Netflix, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;(29) | &nbsp;&nbsp;&nbsp;&nbsp;(3277) | &nbsp;&nbsp;&nbsp;&nbsp;1130.00 | &nbsp;&nbsp;&nbsp;&nbsp;05/16/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(99) |
| O'Reilly Automotive, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;(13) | &nbsp;&nbsp;&nbsp;&nbsp;(1898) | &nbsp;&nbsp;&nbsp;&nbsp;1460.00 | &nbsp;&nbsp;&nbsp;&nbsp;05/16/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(13) |
| Roper Technologies, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;(25) | &nbsp;&nbsp;&nbsp;&nbsp;(1475) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;590.00 | &nbsp;&nbsp;&nbsp;&nbsp;05/16/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6) |
| ServiceNow, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;(16) | &nbsp;&nbsp;&nbsp;&nbsp;(1728) | &nbsp;&nbsp;&nbsp;&nbsp;1080.00 | &nbsp;&nbsp;&nbsp;&nbsp;05/16/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) |
| Tesla, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;(115) | &nbsp;&nbsp;&nbsp;&nbsp;(4140) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;360.00 | &nbsp;&nbsp;&nbsp;&nbsp;05/16/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(10) |
| UnitedHealth Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;(70) | &nbsp;&nbsp;&nbsp;&nbsp;(3990) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;570.00 | &nbsp;&nbsp;&nbsp;&nbsp;05/16/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) |
| Waste Management, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;(75) | &nbsp;&nbsp;&nbsp;&nbsp;(1800) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;240.00 | &nbsp;&nbsp;&nbsp;&nbsp;05/16/25 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(9) |
| **Total Written Options** |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;$(296) |

---

---

| |
|:---|
| **Footnote Legend:** |
| <sup>(1)</sup> Strike price not reported in thousands. |
| <sup>(2)</sup> Exchange-traded options. |
| <sup>(3)</sup> Amount is less than $500 (not in thousands). |

---

The following table summarizes the value of the Fund's investments as of April 30, 2025, based on the inputs used to value them (See Security Valuation Note 1 in the Notes to Schedule of Investments):

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total<br> Value at<br> April 30, 2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Level 1<br> Quoted Prices | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Level 2<br> Significant<br> Observable<br> Inputs |
| Assets: |  |  |  |
| Debt Instruments: |  |  |  |
| &nbsp;&nbsp;&nbsp;Convertible Bonds and Notes | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$200102 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$200102 |
| Equity Securities: |  |  |  |
| &nbsp;&nbsp;&nbsp;Convertible Preferred Stocks | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31140 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31140 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| &nbsp;&nbsp;&nbsp;Common Stocks | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;377894 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;377894 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Money Market Mutual Fund | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37152 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37152 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| Total Assets | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;646288 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;446186 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;200102 |
| Liabilities: |  |  |  |
| Other Financial Instruments: |  |  |  |
| &nbsp;&nbsp;&nbsp;Written Options | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(296) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(271) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(25) |
| Total Investments, Net of Written Options | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$645992 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$445915 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$200077 |

---

There were no securities valued using significant unobservable inputs (Level 3) at April 30, 2025.

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

See Notes to Schedule of Investments

------

#### VIRTUS Equity & Convertible Income Fund

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

#### April 30, 2025

#### Note 1. Security Valuation
The Fund's Board of Trustees has designated the investment adviser as the valuation designee to perform fair valuations pursuant to Rule 2a-5 under the Investment Company Act of 1940. The Fund utilizes a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. The Fund's policy is to recognize transfers into or out of Level 3 at the end of the reporting period.

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

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

• 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 value non-U.S. securities using an independent pricing service which considers the correlation of the trading patterns of the non-U.S. security to the intraday trading in the U.S. markets for investments such as American Depositary Receipts, financial futures, Exchange-Traded Funds ("ETFs"), and certain indexes, as well as prices for similar securities. Such fair valuations are categorized as Level 2 in the hierarchy. Because the frequency of significant events is not predictable, fair valuation of certain non-U.S. common stocks may occur on a frequent basis.

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

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

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

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

For additional information about significant accounting policies, refer to the Fund's most recent semi or annual 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 Equity & Convertible Income Fund

- **b. Investment Company Act file number:** 811-21989

- **c. CIK number of Registrant:** 0001383441

- **d. LEI of Registrant:** 549300E7CGC36IOELF91

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

  - **Street Address 1:** 101 MUNSON STREET

  - **City:** GREENFIELD

  - **State:** MA

  - **Foreign country:** US

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

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

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

- **a. Name of Series:** Virtus Equity & Convertible Income Fund

- **c. LEI of Series:** 549300E7CGC36IOELF91

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

- **a. Date of fiscal year-end:** 2026-01-31

- **b. Date as of which information is reported:** 2025-04-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $669662200.05

**Total Liabilities:** $3291055.98

**Net Assets:** $666371144.07

**Cash Not Reported:** $19669897.89

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.00000000 | **1-Year:** -415.81000000 | **5-Year:** -3791.93000000 | **10-Year:** -98.02000000 | **30-Year:** -7334.68000000

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

- **3-Month:** -61.37000000 | **1-Year:** -993.78000000 | **5-Year:** -22823.10000000 | **10-Year:** -4943.76000000 | **30-Year:** -2130.93000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000000000 | -2.41%               | -5.62%               | 0.54%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $5668298.57              | $-23955475.86                              |
| Month 2  | $1904880.50              | $-43140750.42                              |
| Month 3  | $-1936692.04             | $5006597.62                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| INTERCONTINENTAL EXCHANGE, INC. | HOME DEPOT INC/THE                      | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DE               | CORP              | US        |       -57 | NC      | $-513.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE, INC. | MOODY'S CORP                            | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DE               | CORP              | US        |       -32 | NC      | $-11120.00    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Target Corp                     | Target Corp                             | CUSIP: 87612E106<br>LEI: 8WDDFXB5T1Z6J0XC1L66 | Long             | EC               | CORP              | US        |     12525 | NS      | $1211167.50   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc                       | Apple Inc                               | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |    119283 | NS      | $25347637.50  | 3.80%             |  |  |  | No            |                  1 | On Loan: No      |
| STRIDE INC                      | Stride Inc                              | CUSIP: 86333MAA6<br>LEI: 254900BRWS3AFONWU277 | Long             | DBT              | CORP              | US        |    430000 | PA      | $1174330.00   | 0.18%             | 2027-09-01      | Fixed         | 1.12%                 | No            |                  2 | On Loan: No      |
| SOFI TECHNOLOGIES INC           | SoFi Technologies Inc                   | CUSIP: 83406FAA0<br>LEI: 549300SW81JCMVZDDY09 | Long             | DBT              | CORP              | US        |   2940000 | PA      | $2950290.00   | 0.44%             | 2026-10-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ON SEMICONDUCTOR CORP           | ON Semiconductor Corp                   | CUSIP: 682189AU9<br>LEI: ZV20P4CNJVT8V1ZGJ064 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1121900.00   | 0.17%             | 2029-03-01      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| American Tower Corp             | American Tower Corp                     | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | EC               | CORP              | US        |     11660 | NS      | $2628280.60   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| DuPont de Nemours Inc           | DuPont de Nemours Inc                   | CUSIP: 26614N102<br>LEI: 5493004JF0SDFLM8GD76 | Long             | EC               | CORP              | US        |     29682 | NS      | $1958715.18   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| SNOWFLAKE INC                   | Snowflake Inc                           | CUSIP: 833445AC3<br>LEI: 254900CJNSY1K7T53Z16 | Long             | DBT              | CORP              | US        |   3200000 | PA      | $3969600.00   | 0.60%             | 2029-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Charles Schwab Corp/The         | Charles Schwab Corp/The                 | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |     77040 | NS      | $6271056.00   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| General Electric Co             | General Electric Co                     | CUSIP: 369604301<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | EC               | CORP              | US        |     35945 | NS      | $7244355.30   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE, INC. | GENERAL ELECTRIC CO                     | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DE               | CORP              | US        |      -180 | NC      | $-30060.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| O'Reilly Automotive Inc         | O'Reilly Automotive Inc                 | CUSIP: 67103H107<br>LEI: 549300K2RLMQL149Q332 | Long             | EC               | CORP              | US        |      2575 | NS      | $3644140.00   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| SNAP INC                        | Snap Inc                                | CUSIP: 83304AAB2<br>LEI: 549300JNC0L6VP8A2Q35 | Long             | DBT              | CORP              | US        |   1370000 | PA      | $1311775.00   | 0.20%             | 2026-08-01      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| Oracle Corp                     | Oracle Corp                             | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |     11798 | NS      | $1660214.56   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| NEXTERA ENERGY INC              | NextEra Energy Inc                      | CUSIP: 65339F713<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EP               | CORP              | US        |     47075 | NS      | $1812387.50   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| SPOTIFY USA INC                 | Spotify USA Inc                         | CUSIP: 84921RAB6<br>LEI: 2138008WM218QBKRII94 | Long             | DBT              | CORP              | US        |    940000 | PA      | $1210344.00   | 0.18%             | 2026-03-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc                   | Citigroup Inc                           | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |     54855 | NS      | $3750984.90   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| LUMENTUM HOLDINGS INC           | Lumentum Holdings Inc                   | CUSIP: 55024UAD1<br>LEI: 549300JLWRRC38DWEF52 | Long             | DBT              | CORP              | US        |   4630000 | PA      | $4769745.39   | 0.72%             | 2026-12-15      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| UPSTART HOLDINGS INC            | Upstart Holdings Inc                    | CUSIP: 91680MAE7<br>LEI: 549300WNB47JRNENIC75 | Long             | DBT              | CORP              | US        |   1215000 | PA      | $1017562.50   | 0.15%             | 2030-11-15      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| ALNYLAM PHARMACEUTICALS         | Alnylam Pharmaceuticals Inc             | CUSIP: 02043QAB3<br>LEI: 529900S3ZI14OWRJII50 | Long             | DBT              | CORP              | US        |   2550000 | PA      | $2923481.75   | 0.44%             | 2027-09-15      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Alphabet Inc                    | Alphabet Inc                            | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     20505 | NS      | $3299049.45   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE, INC. | TESLA INC                               | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DE               | CORP              | US        |      -115 | NC      | $-10465.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| MICROSTRATEGY INC               | MicroStrategy Inc                       | CUSIP: 594972887<br>LEI: 549300WQTWEJUEHXQX21 | Long             | EP               | CORP              | US        |      7090 | NS      | $634555.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN WATER CAPITAL C        | American Water Capital Corp             | CUSIP: 03040WBE4<br>LEI: 5IDHQUFVC8Q2KIBBFF06 | Long             | DBT              | CORP              | US        |   2380000 | PA      | $2451400.00   | 0.37%             | 2026-06-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Walmart Inc                     | Walmart Inc                             | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |     80850 | NS      | $7862662.50   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| PALO ALTO NETWORKS              | Palo Alto Networks Inc                  | CUSIP: 697435AF2<br>LEI: 549300QXR2YVZV231H43 | Long             | DBT              | CORP              | US        |    420000 | PA      | $1568196.53   | 0.24%             | 2025-06-01      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| RIVIAN AUTO INC                 | Rivian Automotive Inc                   | CUSIP: 76954AAD5<br>LEI: 25490004LNKJ84MFYY24 | Long             | DBT              | CORP              | US        |   2180000 | PA      | $1975080.00   | 0.30%             | 2030-10-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp            | Bank of America Corp                    | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |    103045 | NS      | $4109434.60   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Linde PLC                       | Linde PLC                               | CUSIP: 000000000<br>LEI: 5299003QR1WT0EF88V51 | Long             | EC               | CORP              | US        |      4640 | NS      | $2102987.20   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| GUIDEWIRE SOFTWARE INC          | Guidewire Software Inc                  | CUSIP: 40171VAB6<br>LEI: 549300WXSG0J8IXZCK32 | Long             | DBT              | CORP              | US        |   2400000 | PA      | $2638800.00   | 0.40%             | 2029-11-01      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| DIGITAL REALTY TRUST LP         | Digital Realty Trust LP                 | CUSIP: 25389JAX4<br>LEI: CD4SPTZ3YBTHY0C1AH38 | Long             | DBT              | CORP              | US        |   3300000 | PA      | $3429030.00   | 0.51%             | 2029-11-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| Equinix Inc                     | Equinix Inc                             | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               | CORP              | US        |      4345 | NS      | $3739958.75   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE, INC. | INTUITIVE SURGICAL INC                  | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DE               | CORP              | US        |       -42 | NC      | $-4935.00     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Fiserv Inc                      | Fiserv Inc                              | CUSIP: 337738108<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | EC               | CORP              | US        |      9270 | NS      | $1710963.90   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| BLOCK INC                       | Block Inc                               | CUSIP: 852234AJ2<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |   3360000 | PA      | $3185280.00   | 0.48%             | 2026-05-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Palantir Technologies Inc       | Palantir Technologies Inc               | CUSIP: 69608A108<br>LEI: 549300UVN46B3BBDHO85 | Long             | EC               | CORP              | US        |     17770 | NS      | $2104678.80   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERDIGITAL INC                | InterDigital Inc                        | CUSIP: 45867GAD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    180000 | PA      | $470029.77    | 0.07%             | 2027-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| WELLTOWER OP LLC                | Welltower OP LLC                        | CUSIP: 95041AAD0<br>LEI: T6IZ0MBEG5ACZDTR7D06 | Long             | DBT              | CORP              | US        |   5710000 | PA      | $7605720.00   | 1.14%             | 2029-07-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| CoStar Group Inc                | CoStar Group Inc                        | CUSIP: 22160N109<br>LEI: 984500Q1D53D08E2E698 | Long             | EC               | CORP              | US        |     24425 | NS      | $1811602.25   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| MP MATERIALS CORP               | MP Materials Corp                       | CUSIP: 553368AC5<br>LEI: 89450063PHPS61USMT84 | Long             | DBT              | CORP              | US        |    820000 | PA      | $1141030.00   | 0.17%             | 2030-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| NCL CORPORATION LTD             | NCL Corp Ltd                            | CUSIP: 62886HBD2<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |   2700000 | PA      | $2550770.84   | 0.38%             | 2027-02-15      | Fixed         | 1.12%                 | No            |                  2 | On Loan: No      |
| Accenture PLC                   | Accenture PLC                           | CUSIP: 000000000<br>LEI: 5493000EWHDSR3MZWH98 | Long             | EC               | CORP              | IE        |      4675 | NS      | $1398526.25   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN AIRLINES GROUP         | American Airlines Group Inc             | CUSIP: 02376RAF9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2795000 | PA      | $2792140.88   | 0.42%             | 2025-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE, INC. | BOSTON SCIENTIFIC CORP                  | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DE               | CORP              | US        |      -292 | NC      | $-19272.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Atlassian Corp                  | Atlassian Corp                          | CUSIP: 049468101<br>LEI: 549300V7ZY5P02D2MY38 | Long             | EC               | CORP              | AU        |     10010 | NS      | $2285383.10   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| HALOZYME THERAPEUTICS IN        | Halozyme Therapeutics Inc               | CUSIP: 40637HAD1<br>LEI: 529900242I3SV9AGM753 | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3650379.81   | 0.55%             | 2027-03-01      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| IMAX CORP                       | IMAX Corp                               | CUSIP: 45245EAJ8<br>LEI: 5493002KS2T1Q0X7VZ21 | Long             | DBT              | CORP              | CA        |   1835000 | PA      | $1949687.50   | 0.29%             | 2026-04-01      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| NUTANIX INC                     | Nutanix Inc                             | CUSIP: 67059NAJ7<br>LEI: 549300X7J6E8TKVIXW09 | Long             | DBT              | CORP              | US        |   2660000 | PA      | $2871097.07   | 0.43%             | 2029-12-15      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| XOMETRY INC                     | Xometry Inc                             | CUSIP: 98423FAB5<br>LEI: 5493006JFRGU7YRRXE44 | Long             | DBT              | CORP              | US        |   2285000 | PA      | $2186626.75   | 0.33%             | 2027-02-01      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| BRIGHTSPRING HEALTH SERV        | BrightSpring Health Services Inc        | CUSIP: 10950A205<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     26885 | NS      | $1685689.50   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| SOUTHERN CO                     | Southern Co/The                         | CUSIP: 842587DP9<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |   4310000 | PA      | $4835820.00   | 0.73%             | 2025-12-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| COINBASE GLOBAL INC             | Coinbase Global Inc                     | CUSIP: 19260QAB3<br>LEI: 5493004G3J2SC154DU06 | Long             | DBT              | CORP              | US        |   3805000 | PA      | $3810707.50   | 0.57%             | 2026-06-01      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| REXFORD INDUSTRIAL REALT        | Rexford Industrial Realty LP            | CUSIP: 76169XAD6<br>LEI: 549300028US163ELJN70 | Long             | DBT              | CORP              | US        |   3110000 | PA      | $3069570.00   | 0.46%             | 2027-03-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Salesforce Inc                  | Salesforce Inc                          | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |     17555 | NS      | $4717204.05   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE, INC. | DISCOVER FINANCIAL SERVICES             | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DE               | CORP              | US        |       -74 | NC      | $-2664.00     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BRIDGEBIO PHARMA INC            | Bridgebio Pharma Inc                    | CUSIP: 10806XAB8<br>LEI: 54930028YG89VTY2J114 | Long             | DBT              | CORP              | US        |   1405000 | PA      | $1677570.00   | 0.25%             | 2027-03-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| MICROSTRATEGY INC               | MicroStrategy Inc                       | CUSIP: 594972AR2<br>LEI: 549300WQTWEJUEHXQX21 | Long             | DBT              | CORP              | US        |   5820000 | PA      | $5292708.00   | 0.79%             | 2029-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Williams Cos Inc/The            | Williams Cos Inc/The                    | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |     41705 | NS      | $2442661.85   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Micron Technology Inc           | Micron Technology Inc                   | CUSIP: 595112103<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | EC               | CORP              | US        |     21120 | NS      | $1625184.00   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| WELLS FARGO & COMPANY           | Wells Fargo & Co                        | CUSIP: 949746804<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EP               | CORP              | US        |      6245 | NS      | $7256690.00   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| EXACT SCIENCES CORP             | Exact Sciences Corp                     | CUSIP: 30063PAE5<br>LEI: 549300VM3X1FYD4N9Z14 | Long             | DBT              | CORP              | US        |   1860000 | PA      | $1617084.00   | 0.24%             | 2031-04-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| LIVE NATION ENTERTAINMEN        | Live Nation Entertainment Inc           | CUSIP: 538034BB4<br>LEI: 5493007B9BM9ZXJINO78 | Long             | DBT              | CORP              | US        |   6015000 | PA      | $6219510.00   | 0.93%             | 2030-01-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Air Products and Chemicals Inc  | Air Products and Chemicals Inc          | CUSIP: 009158106<br>LEI: 7QEON6Y1RL5XR3R1W237 | Long             | EC               | CORP              | US        |      9110 | NS      | $2469629.90   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| ServiceNow Inc                  | ServiceNow Inc                          | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |      3390 | NS      | $3237483.90   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| SEMTECH CORP                    | Semtech Corp                            | CUSIP: 816850AF8<br>LEI: 549300J7WUY317SW6O61 | Long             | DBT              | CORP              | US        |   1220000 | PA      | $1432890.00   | 0.22%             | 2027-11-01      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| NASDAQ, INC.                    | O'REILLY AUTOMOTIVE INC                 | CUSIP: 000000000<br>LEI: 549300L8X1Q78ERXFD06 | N/A              | DE               | CORP              | US        |       -13 | NC      | $-13130.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                  | Morgan Stanley                          | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |     22345 | NS      | $2579059.90   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| ALIGNMENT HEALTHCARE            | Alignment Healthcare Inc                | CUSIP: 01625VAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    875000 | PA      | $1235500.00   | 0.19%             | 2029-11-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Tesla Inc                       | Tesla Inc                               | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |     27325 | NS      | $7710022.00   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson Controls International  | Johnson Controls International plc      | CUSIP: 000000000<br>LEI: 549300XQ6S1GYKGBL205 | Long             | EC               | CORP              | US        |     13390 | NS      | $1123421.00   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| ON SEMICONDUCTOR CORP           | ON Semiconductor Corp                   | CUSIP: 682189AS4<br>LEI: ZV20P4CNJVT8V1ZGJ064 | Long             | DBT              | CORP              | US        |   1355000 | PA      | $1446327.00   | 0.22%             | 2027-05-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ENVISTA HOLDINGS CORP           | Envista Holdings Corp                   | CUSIP: 29415FAB0<br>LEI: 549300BX623VURJZ5269 | Long             | DBT              | CORP              | US        |   1280000 | PA      | $1272064.00   | 0.19%             | 2025-06-01      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| WESTERN DIGITAL CORP            | Western Digital Corp                    | CUSIP: 958102AT2<br>LEI: 549300QQXOOYEF89IC56 | Long             | DBT              | CORP              | US        |   1390000 | PA      | $1886230.00   | 0.28%             | 2028-11-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL REALTY OP LP            | Federal Realty OP LP                    | CUSIP: 313747BD8<br>LEI: 549300LI6XZ51GOCJ427 | Long             | DBT              | CORP              | US        |    905000 | PA      | $901380.00    | 0.14%             | 2029-01-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| SEAGATE HDD CAYMAN              | Seagate HDD Cayman                      | CUSIP: 81180WBL4<br>LEI: 529900BD50TRWEG1SF63 | Long             | DBT              | CORP              | KY        |   1995000 | PA      | $2523675.00   | 0.38%             | 2028-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| SUPER MICRO COMPUTER INC        | Super Micro Computer Inc                | CUSIP: 86800UAB0<br>LEI: 54930022CZO1N2UGVW07 | Long             | DBT              | CORP              | US        |   1290000 | PA      | $1188645.86   | 0.18%             | 2029-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| CBOE GLOBAL MARKETS, INC.       | SERVICENOW INC                          | CUSIP: 000000000<br>LEI: 529900RLNSGA90UPEH54 | N/A              | DE               | CORP              | US        |       -16 | NC      | $-3200.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| CVS Health Corp                 | CVS Health Corp                         | CUSIP: 126650100<br>LEI: 549300EJG376EN5NQE29 | Long             | EC               | CORP              | US        |     31410 | NS      | $2095361.10   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| CBRE Group Inc                  | CBRE Group Inc                          | CUSIP: 12504L109<br>LEI: 52990016II9MJ2OSWA10 | Long             | EC               | CORP              | US        |     17680 | NS      | $2160142.40   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| MERIT MEDICAL SYSTEMS IN        | Merit Medical Systems Inc               | CUSIP: 589889AA2<br>LEI: 549300OYTY138SP2CE83 | Long             | DBT              | CORP              | US        |    950000 | PA      | $1209350.00   | 0.18%             | 2029-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| SHOPIFY INC                     | Shopify Inc                             | CUSIP: 82509LAA5<br>LEI: 549300HGQ43STJLLP808 | Long             | DBT              | CORP              | CA        |   2490000 | PA      | $2480040.00   | 0.37%             | 2025-11-01      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| INSULET CORPORATION             | Insulet Corp                            | CUSIP: 45784PAK7<br>LEI: 549300TZTYD2PYN92D43 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1731587.49   | 0.26%             | 2026-09-01      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| SEA LTD                         | Sea Ltd                                 | CUSIP: 81141RAF7<br>LEI: 529900OM6JLLW44YKI15 | Long             | DBT              | CORP              | KY        |    875000 | PA      | $1324750.00   | 0.20%             | 2025-12-01      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES         | Royal Caribbean Cruises Ltd             | CUSIP: 780153BQ4<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | LR        |    205000 | PA      | $884575.00    | 0.13%             | 2025-08-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| IREN LTD                        | IREN Ltd                                | CUSIP: 46270CAA7<br>LEI: 254900FZF02RB3NNGB71 | Long             | DBT              | CORP              | AU        |    820000 | PA      | $594008.00    | 0.09%             | 2030-06-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Danaher Corp                    | Danaher Corp                            | CUSIP: 235851102<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | EC               | CORP              | US        |     15045 | NS      | $2998919.85   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp                  | Microsoft Corp                          | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     54344 | NS      | $21480009.44  | 3.22%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE, INC. | ALPHABET INC                            | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DE               | CORP              | US        |      -103 | NC      | $-1648.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                    | Broadcom Inc                            | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |     37615 | NS      | $7239759.05   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| VIAVI SOLUTIONS INC             | Viavi Solutions Inc                     | CUSIP: 925550AH8<br>LEI: 5493006K3E3N1QOBF092 | Long             | DBT              | CORP              | US        |   1365000 | PA      | $1427872.80   | 0.21%             | 2026-03-15      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| Vertex Pharmaceuticals Inc      | Vertex Pharmaceuticals Inc              | CUSIP: 92532F100<br>LEI: 54930015RAQRRZ5ZGJ91 | Long             | EC               | CORP              | US        |      8225 | NS      | $4190637.50   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| PG&E CORP                       | PG&E Corp                               | CUSIP: 69331C306<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | EP               | CORP              | US        |     52565 | NS      | $2286051.85   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuitive Surgical Inc          | Intuitive Surgical Inc                  | CUSIP: 46120E602<br>LEI: 54930052SRG011710797 | Long             | EC               | CORP              | US        |      8445 | NS      | $4355931.00   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| REPLIGEN CORP                   | Repligen Corp                           | CUSIP: 759916AD1<br>LEI: 54930006QJ0T5AUO1E71 | Long             | DBT              | CORP              | US        |   1070000 | PA      | $1092325.56   | 0.16%             | 2028-12-15      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| OSI SYSTEMS INC                 | OSI Systems Inc                         | CUSIP: 671044AE5<br>LEI: DDX3MPX1Y8YD30050X33 | Long             | DBT              | CORP              | US        |   1810000 | PA      | $2298706.68   | 0.34%             | 2029-08-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Gilead Sciences Inc             | Gilead Sciences Inc                     | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |     20385 | NS      | $2171817.90   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| PARSONS CORP                    | Parsons Corp                            | CUSIP: 70202LAD4<br>LEI: 549300ZXH0VRBSEPX752 | Long             | DBT              | CORP              | US        |    965000 | PA      | $1017110.00   | 0.15%             | 2029-03-01      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| TRAVERE THERAPEUTICS INC        | Travere Therapeutics Inc                | CUSIP: 89422GAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1490000 | PA      | $1504423.19   | 0.23%             | 2029-03-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE, INC. | ALPHABET INC                            | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DE               | CORP              | US        |      -280 | NC      | $-2520.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Regeneron Pharmaceuticals Inc   | Regeneron Pharmaceuticals Inc           | CUSIP: 75886F107<br>LEI: 549300RCBFWIRX3HYQ56 | Long             | EC               | CORP              | US        |      3445 | NS      | $2062728.20   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Autodesk Inc                    | Autodesk Inc                            | CUSIP: 052769106<br>LEI: FRKKVKAIQEF3FCSTPG55 | Long             | EC               | CORP              | US        |      7280 | NS      | $1996540.00   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| RIVIAN AUTO INC                 | Rivian Automotive Inc                   | CUSIP: 76954AAB9<br>LEI: 25490004LNKJ84MFYY24 | Long             | DBT              | CORP              | US        |   2005000 | PA      | $2046353.13   | 0.31%             | 2029-03-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| IRHYTHM TECHNOLOGIES INC        | iRhythm Technologies Inc                | CUSIP: 450056AB2<br>LEI: 549300FJI72RJGDQS384 | Long             | DBT              | CORP              | US        |   1365000 | PA      | $1421998.26   | 0.21%             | 2029-09-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| GUARDANT HEALTH INC             | Guardant Health Inc                     | CUSIP: 40131MAD1<br>LEI: 254900M8C3E5VC8BR186 | Long             | DBT              | CORP              | US        |   1365000 | PA      | $1465191.23   | 0.22%             | 2031-02-15      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| DEXCOM INC                      | Dexcom Inc                              | CUSIP: 252131AK3<br>LEI: 549300YSK3QDSFR5EU59 | Long             | DBT              | CORP              | US        |   3650000 | PA      | $3549599.12   | 0.53%             | 2025-11-15      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| Costco Wholesale Corp           | Costco Wholesale Corp                   | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |      6510 | NS      | $6474195.00   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| BLOOM ENERGY CORP               | Bloom Energy Corp                       | CUSIP: 093712AL1<br>LEI: 549300XB5J9BFW5JXV97 | Long             | DBT              | CORP              | US        |   1140000 | PA      | $1360818.00   | 0.20%             | 2029-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| KKR & CO INC                    | KKR & Co Inc                            | CUSIP: 48251W500<br>LEI: 54930013V5I303TF9571 | Long             | EP               | CORP              | US        |     51045 | NS      | $2446586.85   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| AST SPACEMOBILE INC             | AST SpaceMobile Inc                     | CUSIP: 00217DAA8<br>LEI: 254900MBSC9P2UCI6623 | Long             | DBT              | CORP              | US        |    630000 | PA      | $738360.00    | 0.11%             | 2032-03-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE, INC. | JPMORGAN CHASE & CO                     | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DE               | CORP              | US        |      -160 | NC      | $-3520.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| NASDAQ, INC.                    | ABBVIE INC                              | CUSIP: 000000000<br>LEI: 549300L8X1Q78ERXFD06 | N/A              | DE               | CORP              | US        |      -114 | NC      | $-27702.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock Liquidity FedFund     | BlackRock Liquidity FedFund             | CUSIP: 09248U700<br>LEI: 549300T8K043VZEOVK74 | Long             | STIV             | RF                | US        |  37669291 | NS      | $37669290.97  | 5.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Instruments Inc           | Texas Instruments Inc                   | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |     16120 | NS      | $2580006.00   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED STATES STEEL CORP        | United States Steel Corp                | CUSIP: 912909AT5<br>LEI: JNLUVFYJT1OZSIQ24U47 | Long             | DBT              | CORP              | US        |    390000 | PA      | $1274325.00   | 0.19%             | 2026-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| McKesson Corp                   | McKesson Corp                           | CUSIP: 58155Q103<br>LEI: 549300WZWOM80UCFSF54 | Long             | EC               | CORP              | US        |      5065 | NS      | $3610281.35   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| McDonald's Corp                 | McDonald's Corp                         | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               | CORP              | US        |     11560 | NS      | $3695154.00   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| SHIFT4 PAYMENTS INC             | Shift4 Payments Inc                     | CUSIP: 82452JAD1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3090000 | PA      | $3127080.00   | 0.47%             | 2027-08-01      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| Allstate Corp/The               | Allstate Corp/The                       | CUSIP: 020002101<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | EC               | CORP              | US        |     22545 | NS      | $4472702.55   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Aon PLC                         | Aon PLC                                 | CUSIP: 000000000<br>LEI: 635400FALWQYX5E6QC64 | Long             | EC               | CORP              | GB        |     11870 | NS      | $4211357.30   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| KLA Corp                        | KLA Corp                                | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |      4465 | NS      | $3137510.85   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| FedEx Corp                      | FedEx Corp                              | CUSIP: 31428X106<br>LEI: 549300E707U7WNPZN687 | Long             | EC               | CORP              | US        |      4475 | NS      | $941226.75    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| NASDAQ, INC.                    | CBRE GROUP INC                          | CUSIP: 000000000<br>LEI: 549300L8X1Q78ERXFD06 | N/A              | DE               | CORP              | US        |       -88 | NC      | $-1936.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| UBER TECHNOLOGIES INC           | Uber Technologies Inc                   | CUSIP: 90353TAM2<br>LEI: 549300B2FTG34FILDR98 | Long             | DBT              | CORP              | US        |    525000 | PA      | $688012.50    | 0.10%             | 2028-12-01      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| Chipotle Mexican Grill Inc      | Chipotle Mexican Grill Inc              | CUSIP: 169656105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     56135 | NS      | $2835940.20   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| AbbVie Inc                      | AbbVie Inc                              | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |     22845 | NS      | $4457059.50   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| M/A-COM TECH SOLUTIONS          | MACOM Technology Solutions Holdings Inc | CUSIP: 55405YAC4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2060000 | PA      | $1923831.69   | 0.29%             | 2029-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Mastercard Inc                  | Mastercard Inc                          | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |     22265 | NS      | $12202555.90  | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| WOLFSPEED INC                   | Wolfspeed Inc                           | CUSIP: 977852AB8<br>LEI: 549300OGU88P3AW3TO93 | Long             | DBT              | CORP              | US        |   1925000 | PA      | $617925.00    | 0.09%             | 2028-02-15      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| ITRON INC                       | Itron Inc                               | CUSIP: 465741AP1<br>LEI: 24F6LSZD18II6ICG6S41 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1308107.45   | 0.20%             | 2030-07-15      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| NASDAQ, INC.                    | CADENCE DESIGN SYSTEMS INC              | CUSIP: 000000000<br>LEI: 549300L8X1Q78ERXFD06 | N/A              | DE               | CORP              | US        |       -29 | NC      | $-2030.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE, INC. | WASTE MANAGEMENT INC                    | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DE               | CORP              | US        |       -75 | NC      | $-8625.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE, INC. | ROPER TECHNOLOGIES INC                  | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DE               | CORP              | US        |       -25 | NC      | $-6425.00     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE, INC. | COCA-COLA CO/THE                        | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DE               | CORP              | US        |      -256 | NC      | $-3072.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| CBOE GLOBAL MARKETS, INC.       | ECOLAB INC                              | CUSIP: 000000000<br>LEI: 529900RLNSGA90UPEH54 | N/A              | DE               | CORP              | US        |       -42 | NC      | $-5670.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Analog Devices Inc              | Analog Devices Inc                      | CUSIP: 032654105<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | EC               | CORP              | US        |     17265 | NS      | $3365293.80   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| UGI CORP                        | UGI Corp                                | CUSIP: 902681AA3<br>LEI: DX6GCWD4Q1JO9CRE5I40 | Long             | DBT              | CORP              | US        |   1950000 | PA      | $2492685.00   | 0.37%             | 2028-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| EXPEDIA GROUP INC               | Expedia Group Inc                       | CUSIP: 30212PBE4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1465000 | PA      | $1429058.16   | 0.21%             | 2026-02-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE, INC. | MORGAN STANLEY                          | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DE               | CORP              | US        |       -93 | NC      | $-2976.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| GoDaddy Inc                     | GoDaddy Inc                             | CUSIP: 380237107<br>LEI: 549300J8H1TB0I2CB447 | Long             | EC               | CORP              | US        |     17580 | NS      | $3310841.40   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                    | Alphabet Inc                            | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     55960 | NS      | $8886448.00   | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly & Co                  | Eli Lilly & Co                          | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |      8420 | NS      | $7569159.00   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| TJX Cos Inc/The                 | TJX Cos Inc/The                         | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |     26855 | NS      | $3455701.40   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| BURLINGTON STORES INC           | Burlington Stores Inc                   | CUSIP: 122017AD8<br>LEI: 5299003Z37DVGKKC1W09 | Long             | DBT              | CORP              | US        |   1480000 | PA      | $1895880.00   | 0.28%             | 2027-12-15      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| GRANITE CONSTRUCTION INC        | Granite Construction Inc                | CUSIP: 387328AE7<br>LEI: 549300OM4BWMCIXVCZ39 | Long             | DBT              | CORP              | US        |   1680000 | PA      | $2115960.00   | 0.32%             | 2030-06-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Moody's Corp                    | Moody's Corp                            | CUSIP: 615369105<br>LEI: 549300GCEDD8YCF5WU84 | Long             | EC               | CORP              | US        |      6360 | NS      | $2881843.20   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| ZSCALER INC.                    | Zscaler Inc                             | CUSIP: 98980GAB8<br>LEI: 529900MZ0RTK1BWRNF46 | Long             | DBT              | CORP              | US        |   1380000 | PA      | $2070656.08   | 0.31%             | 2025-07-01      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| AT&T Inc                        | AT&T Inc                                | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               | CORP              | US        |     73240 | NS      | $2028748.00   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Crowdstrike Holdings Inc        | Crowdstrike Holdings Inc                | CUSIP: 22788C105<br>LEI: 549300YBY08K9KM4HX32 | Long             | EC               | CORP              | US        |      8325 | NS      | $3570342.75   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE, INC. | BANK OF AMERICA CORP                    | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DE               | CORP              | US        |      -515 | NC      | $-12360.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| DATADOG INC                     | Datadog Inc                             | CUSIP: 23804LAC7<br>LEI: 549300F6JNO0KRPO1K63 | Long             | DBT              | CORP              | US        |   3410000 | PA      | $3065530.46   | 0.46%             | 2029-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Boston Scientific Corp          | Boston Scientific Corp                  | CUSIP: 101137107<br>LEI: Y6ZDD9FP4P8JSSJMW954 | Long             | EC               | CORP              | US        |     62400 | NS      | $6419088.00   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| MICROCHIP TECHNOLOGY INC        | Microchip Technology Inc                | CUSIP: 595017302<br>LEI: 5493007PTFULNYZJ1R12 | Long             | EP               | CORP              | US        |     46505 | NS      | $2207127.30   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Roper Technologies Inc          | Roper Technologies Inc                  | CUSIP: 776696106<br>LEI: 54930003T4SXCIWVXY35 | Long             | EC               | CORP              | US        |      4905 | NS      | $2747192.40   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Netflix Inc                     | Netflix Inc                             | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |      5730 | NS      | $6484755.60   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| GALAXY DIGITAL HOLDIN LP        | Galaxy Digital Holdings LP              | CUSIP: 36317GAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |   2120000 | PA      | $2052160.00   | 0.31%             | 2029-12-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Take-Two Interactive Software   | Take-Two Interactive Software Inc       | CUSIP: 874054109<br>LEI: BOMSTHHJK882EWYX3334 | Long             | EC               | CORP              | US        |      7257 | NS      | $1693203.24   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Quanta Services Inc             | Quanta Services Inc                     | CUSIP: 74762E102<br>LEI: SHVRXXEACT60MMH07S24 | Long             | EC               | CORP              | US        |     10730 | NS      | $3140563.70   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| ZILLOW GROUP INC                | Zillow Group Inc                        | CUSIP: 98954MAH4<br>LEI: 2549002XEELQDIR6FU05 | Long             | DBT              | CORP              | US        |    575000 | PA      | $578319.29    | 0.09%             | 2025-05-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| TRIP.COM GROUP LTD              | Trip.com Group Ltd                      | CUSIP: 89677QAA5<br>LEI: 2549004RMYDSRQL4KW41 | Long             | DBT              | CORP              | KY        |   1560000 | PA      | $1759680.00   | 0.26%             | 2029-06-15      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE, INC. | CITIGROUP INC                           | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DE               | CORP              | US        |      -274 | NC      | $-2740.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| AFFIRM HOLDINGS INC             | Affirm Holdings Inc                     | CUSIP: 00827BAC0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1170000 | PA      | $1052261.99   | 0.16%             | 2029-12-15      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| CLOUDFLARE INC                  | Cloudflare Inc                          | CUSIP: 18915MAC1<br>LEI: 5493007DY18BGNLDWU14 | Long             | DBT              | CORP              | US        |   3195000 | PA      | $3246120.00   | 0.49%             | 2026-08-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL          | NextEra Energy Capital Holdings Inc     | CUSIP: 65339KCY4<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |   3365000 | PA      | $3763752.50   | 0.56%             | 2027-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co             | JPMorgan Chase & Co                     | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |     32045 | NS      | $7838847.90   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITY SOFTWARE INC              | Unity Software Inc                      | CUSIP: 91332UAG6<br>LEI: 549300D1ESJMGNQNG432 | Long             | DBT              | CORP              | US        |   1295000 | PA      | $1216652.50   | 0.18%             | 2030-03-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SHAKE SHACK INC                 | Shake Shack Inc                         | CUSIP: 819047AB7<br>LEI: 529900J74GJAHYP80N79 | Long             | DBT              | CORP              | US        |   1145000 | PA      | $1054831.25   | 0.16%             | 2028-03-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| LIBERTY MEDIA CORP              | Liberty Media Corp-Liberty Formula One  | CUSIP: 531229AQ5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1055000 | PA      | $1281200.68   | 0.19%             | 2027-08-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| AXON ENTERPRISE INC             | Axon Enterprise Inc                     | CUSIP: 05464CAB7<br>LEI: 549300QP2IEEGFE16681 | Long             | DBT              | CORP              | US        |    320000 | PA      | $867263.76    | 0.13%             | 2027-12-15      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| Waste Management Inc            | Waste Management Inc                    | CUSIP: 94106L109<br>LEI: 549300YX8JIID70NFS41 | Long             | EC               | CORP              | US        |     14950 | NS      | $3488732.00   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| PG&E CORP                       | PG&E Corp                               | CUSIP: 69331CAL2<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | DBT              | CORP              | US        |   3305000 | PA      | $3433564.50   | 0.52%             | 2027-12-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE, INC. | CHARLES SCHWAB CORP/THE                 | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DE               | CORP              | US        |      -271 | NC      | $-15176.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Cadence Design Systems Inc      | Cadence Design Systems Inc              | CUSIP: 127387108<br>LEI: GCT7RXJOGLXPV0NXZY22 | Long             | EC               | CORP              | US        |      6975 | NS      | $2076736.50   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| ROCKET LAB USA                  | Rocket Lab USA Inc                      | CUSIP: 773122AA4<br>LEI: 254900B4DEYFZJ980A14 | Long             | DBT              | CORP              | US        |    135000 | PA      | $587792.95    | 0.09%             | 2029-02-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| JAZZ INVESTMENTS I LTD          | Jazz Investments I Ltd                  | CUSIP: 472145AG6<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   2125000 | PA      | $2307677.86   | 0.35%             | 2030-09-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| CONFLUENT INC                   | Confluent Inc                           | CUSIP: 20717MAB9<br>LEI: 254900MRZ83YWUV7SN74 | Long             | DBT              | CORP              | US        |   2305000 | PA      | $2115990.00   | 0.32%             | 2027-01-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| INSMED INC                      | Insmed Inc                              | CUSIP: 457669AB5<br>LEI: 529900Q55QAG41CCAC11 | Long             | DBT              | CORP              | US        |    550000 | PA      | $1238111.29   | 0.19%             | 2028-06-01      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| Amazon.com Inc                  | Amazon.com Inc                          | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |     77725 | NS      | $14334044.50  | 2.15%             |  |  |  | No            |                  1 | On Loan: No      |
| UnitedHealth Group Inc          | UnitedHealth Group Inc                  | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |     10145 | NS      | $4174058.80   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| ALPHATEC HOLDINGS INC           | Alphatec Holdings Inc                   | CUSIP: 02081GAC6<br>LEI: 549300EZE8CQ8K65FS24 | Long             | DBT              | CORP              | US        |   1850000 | PA      | $1823900.63   | 0.27%             | 2030-03-15      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| Chewy Inc                       | Chewy Inc                               | CUSIP: 16679L109<br>LEI: 254900NPQSTG9I422879 | Long             | EC               | CORP              | US        |     63405 | NS      | $2377687.50   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Energy Corp       | Constellation Energy Corp               | CUSIP: 21037T109<br>LEI: 549300F8Y20RYGNGV346 | Long             | EC               | CORP              | US        |      5270 | NS      | $1177528.80   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE, INC. | UNITEDHEALTH GROUP INC                  | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DE               | CORP              | US        |       -70 | NC      | $-910.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Deere & Co                      | Deere & Co                              | CUSIP: 244199105<br>LEI: PWFTNG3EI0Y73OXWDH08 | Long             | EC               | CORP              | US        |      6495 | NS      | $3010822.20   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| CHART INDUSTRIES INC            | Chart Industries Inc                    | CUSIP: 16115Q407<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | EP               | CORP              | US        |      8600 | NS      | $455112.00    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| UBER TECHNOLOGIES INC           | Uber Technologies Inc                   | CUSIP: 90353TAJ9<br>LEI: 549300B2FTG34FILDR98 | Long             | DBT              | CORP              | US        |   4065000 | PA      | $4548735.00   | 0.68%             | 2025-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Ecolab Inc                      | Ecolab Inc                              | CUSIP: 278865100<br>LEI: 82DYEISM090VG8LTLS26 | Long             | EC               | CORP              | US        |      8445 | NS      | $2123326.35   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| TXNM ENERGY INC                 | TXNM Energy Inc                         | CUSIP: 69349HAE7<br>LEI: 5493003JOBJGLZSDDQ28 | Long             | DBT              | CORP              | US        |   1745000 | PA      | $2170431.00   | 0.33%             | 2054-06-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Discover Financial Services     | Discover Financial Services             | CUSIP: 254709108<br>LEI: Z1YLO2USPORE63VVUL20 | Long             | EC               | CORP              | US        |     29565 | NS      | $5400638.55   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Cintas Corp                     | Cintas Corp                             | CUSIP: 172908105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     15990 | NS      | $3384763.20   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Cisco Systems Inc               | Cisco Systems Inc                       | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |     91620 | NS      | $5289222.60   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| SYNAPTICS INC                   | Synaptics Inc                           | CUSIP: 87157DAH2<br>LEI: 549300AJ3LI4FWNRQX29 | Long             | DBT              | CORP              | US        |   1565000 | PA      | $1375635.00   | 0.21%             | 2031-12-01      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| DRAFTKINGS HOLDINGS INC         | DraftKings Holdings Inc                 | CUSIP: 26142RAB0<br>LEI: 5493008P45UYYL683Z97 | Long             | DBT              | CORP              | US        |   4185000 | PA      | $3671669.16   | 0.55%             | 2028-03-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE, INC. | NETFLIX INC                             | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DE               | CORP              | US        |       -29 | NC      | $-98832.00    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| 3M Co                           | 3M Co                                   | CUSIP: 88579Y101<br>LEI: LUZQVYP4VS22CLWDAR65 | Long             | EC               | CORP              | US        |     24645 | NS      | $3423436.95   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| ARES MANAGEMENT CORP            | Ares Management Corp                    | CUSIP: 03990B309<br>LEI: 529900JUV61FH7B8VW38 | Long             | EP               | CORP              | US        |     40590 | NS      | $2003928.30   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| BOEING CO/THE                   | Boeing Co/The                           | CUSIP: 097023204<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | EP               | CORP              | US        |    128460 | NS      | $7884874.80   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| PAR TECHNOLOGY CORP             | PAR Technology Corp                     | CUSIP: 698884AE3<br>LEI: 549300HYPTHBJQINVG57 | Long             | DBT              | CORP              | US        |   2100000 | PA      | $2209762.09   | 0.33%             | 2027-10-15      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| LIBERTY BROADBAND CORP          | Liberty Broadband Corp                  | CUSIP: 530307AE7<br>LEI: 549300MIX43II8JLN536 | Long             | DBT              | CORP              | US        |   4585000 | PA      | $4633308.57   | 0.70%             | 2053-03-31      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Home Depot Inc/The              | Home Depot Inc/The                      | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |     11435 | NS      | $4122203.15   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| WAYFAIR INC                     | Wayfair Inc                             | CUSIP: 94419LAP6<br>LEI: 54930027N9ZAVYFDHK53 | Long             | DBT              | CORP              | US        |   1370000 | PA      | $1273415.00   | 0.19%             | 2027-09-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| HP ENTERPRISE CO                | Hewlett Packard Enterprise Co           | CUSIP: 42824C208<br>LEI: 549300BX44RGX6ANDV88 | Long             | EP               | CORP              | US        |     32150 | NS      | $1613930.00   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Motorola Solutions Inc          | Motorola Solutions Inc                  | CUSIP: 620076307<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | EC               | CORP              | US        |      5095 | NS      | $2243787.05   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| ALBEMARLE CORP                  | Albemarle Corp                          | CUSIP: 012653200<br>LEI: HDBLS2Q6GV1LSKQPBS54 | Long             | EP               | CORP              | US        |     27860 | NS      | $853351.80    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE, INC. | 3M CO                                   | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DE               | CORP              | US        |      -130 | NC      | $-4290.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| MAGNITE INC                     | Magnite Inc                             | CUSIP: 55955DAB6<br>LEI: 54930018FR2YX1HHSB02 | Long             | DBT              | CORP              | US        |   1330000 | PA      | $1268553.45   | 0.19%             | 2026-03-15      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| Parker-Hannifin Corp            | Parker-Hannifin Corp                    | CUSIP: 701094104<br>LEI: 5493002CONDB4N2HKI23 | Long             | EC               | CORP              | US        |      6575 | NS      | $3978269.50   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Rockwell Automation Inc         | Rockwell Automation Inc                 | CUSIP: 773903109<br>LEI: VH3R4HHBHH12O0EXZJ88 | Long             | EC               | CORP              | US        |      4105 | NS      | $1016726.40   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Intercontinental Exchange Inc   | Intercontinental Exchange Inc           | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |     14325 | NS      | $2406170.25   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp                     | NVIDIA Corp                             | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |    247900 | NS      | $27001268.00  | 4.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Co/The                | Coca-Cola Co/The                        | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               | CORP              | US        |     51135 | NS      | $3709844.25   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| ALIBABA GROUP HOLDING           | Alibaba Group Holding Ltd               | CUSIP: 01609WBF8<br>LEI: 5493001NTNQJDH60PM02 | Long             | DBT              | CORP              | KY        |    405000 | PA      | $532170.00    | 0.08%             | 2031-06-01      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| ADVANCED ENERGY IND             | Advanced Energy Industries Inc          | CUSIP: 007973AE0<br>LEI: 549300756XI3QLFT2U27 | Long             | DBT              | CORP              | US        |   1720000 | PA      | $1805041.24   | 0.27%             | 2028-09-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| BRIDGEBIO PHARMA INC            | Bridgebio Pharma Inc                    | CUSIP: 10806XAH5<br>LEI: 54930028YG89VTY2J114 | Long             | DBT              | CORP              | US        |    690000 | PA      | $753546.87    | 0.11%             | 2031-03-01      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Meta Platforms Inc              | Meta Platforms Inc                      | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |     18845 | NS      | $10345905.00  | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-06-23

**Name of Applicant:** Virtus AllianzGI Equity & Convertible Income Fund

**Signature:** Amy Hackett

**Name of Signer:** Amy Hackett

**Title:** Vice President and Assistant Treasurer