# EDGAR Filing Document

**Accession Number:** 0001648403
**File Stem:** 0000940400-26-012193
**Filing Date:** 2026-3
**Character Count:** 73202
**Document Hash:** 17c2d3d976d02a26892b09a7734f1537
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-012193.hdr.sgml**: 20260331

**ACCESSION NUMBER**: 0000940400-26-012193

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260130

**FILED AS OF DATE**: 20260331

**DATE AS OF CHANGE**: 20260331

**PERIOD START**: 20260731

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Virtus ETF Trust II
- **CENTRAL INDEX KEY:** 0001648403

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0731

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23078
- **FILM NUMBER:** 26817673

**BUSINESS ADDRESS:**
- **STREET 1:** 1301 AVENUE OF THE AMERICAS
- **STREET 2:** 14TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10019
- **BUSINESS PHONE:** 212-593-4383

**MAIL ADDRESS:**
- **STREET 1:** 1301 AVENUE OF THE AMERICAS
- **STREET 2:** 14TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10019

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Virtus EFT Trust II
- **DATE OF NAME CHANGE:** 20150717

## Series and Classes Contracts Data

### Virtus Stone Harbor Emerging Markets High Yield Bond ETF (Series ID: S000078276)

| Class ID   | Class Name                                               | Ticker Symbol   |
|:---|:---|:---|
| C000239036 | Virtus Stone Harbor Emerging Markets High Yield Bond ETF | VEMY            |

## 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 ETF Trust II

- **b. Investment Company Act file number:** 811-23078

- **c. CIK number of Registrant:** 0001648403

- **d. LEI of Registrant:** 549300KNJ4HBWHIYD309

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

  - **Street Address 1:** 1540 Broadway

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10036

  - **Telephone number:** 1-888-383-0553

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

- **a. Name of Series:** Virtus Stone Harbor Emerging Markets High Yield Bond ETF

- **b. EDGAR series identifier (if any):** S000078276

- **c. LEI of Series:** 549300XJPVD8EVRFU454

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

- **a. Date of fiscal year-end:** 2026-07-31

- **b. Date as of which information is reported:** 2026-01-30

**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:** $17032474.75

**Total Liabilities:** $67614.81

**Net Assets:** $16964859.94

**Cash Not Reported:** $43477.00

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** -143.49647030 | **10-Year:** -378.10954540 | **30-Year:** -689.57217940

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

- **3-Month:** -0.46683684 | **1-Year:** -9.81764047 | **5-Year:** -1147.57554600 | **10-Year:** -2668.40556500 | **30-Year:** -3019.71025200

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000239036 | 0.51%                | 1.39%                | 2.23%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $90292.30                | $-105291.20                                |
| Month 2  | $43065.14                | $74781.60                                  |
| Month 3  | $64917.52                | $212579.01                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ARAB REPUBLIC OF EGYPT   | Egypt Government International Bond                                              | CUSIP: 03846JAA8<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |    118000 | PA      | $117870.20    | 0.69%             | 2026-02-16      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT       | Ukraine Government International Bond                                            | CUSIP: 000000000<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |     31000 | PA      | $18941.00     | 0.11%             | 2036-02-01      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| ESKOM HOLDINGS           | Eskom Holdings                                                                   | CUSIP: 29646AAC0<br>LEI: 3789001900ED06F65111 | Long             | DBT              | CORP              | ZA        |     43000 | PA      | $44483.50     | 0.26%             | 2028-08-10      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| ARAB REPUBLIC OF EGYPT   | Egypt Government International Bond                                              | CUSIP: 03846JAF7<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |    287000 | PA      | $281561.35    | 1.66%             | 2051-09-30      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF COLOMBIA     | Colombia Government International Bond                                           | CUSIP: 195325EU5<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |     63000 | PA      | $63094.50     | 0.37%             | 2031-01-21      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| BRASKEM NETHERLANDS      | Braskem Netherlands Finance BV                                                   | CUSIP: 10554TAJ4<br>LEI: 2549000TLMHFQ74DS330 | Long             | DBT              | CORP              | NL        |    223000 | PA      | $91363.10     | 0.54%             | 2034-10-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| PROVINCIA DE BUENOS AIRE | Provincia de Buenos Aires/Government Bonds                                       | CUSIP: 000000000<br>LEI: 549300L6AYROPOTQ4L07 | Long             | DBT              | NUSS              | AR        |    107150 | PA      | $87126.34     | 0.51%             | 2037-09-01      | Variable      | 6.62%                 | No            |                  2 | On Loan: No      |
| YPF SOCIEDAD ANONIMA     | YPF SA                                                                           | CUSIP: 984245BB5<br>LEI: 5493003N7447U18U5U53 | Long             | DBT              | CORP              | AR        |    107000 | PA      | $109273.75    | 0.64%             | 2034-01-17      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF NIGERIA      | Nigeria Government International Bond                                            | CUSIP: 65412JAR4<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |     56000 | PA      | $56420.00     | 0.33%             | 2028-09-28      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| FED REPUBLIC OF BRAZIL   | Brazilian Government International Bond                                          | CUSIP: 105756CL2<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |    217000 | PA      | $224052.50    | 1.32%             | 2035-03-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| IHS HOLDING LTD          | IHS Holding Ltd                                                                  | CUSIP: 44963HAD7<br>LEI: 213800CLGMKL63VKTD94 | Long             | DBT              | CORP              | KY        |     50000 | PA      | $52390.00     | 0.31%             | 2031-11-29      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| AYDEM YENILENEBILIR ENER | Aydem Yenilenebilir Enerji AS                                                    | CUSIP: 054644AB5<br>LEI: 9845009C50EDA74OA532 | Long             | DBT              | CORP              | TR        |     69000 | PA      | $69514.05     | 0.41%             | 2030-09-30      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ECUADOR      | Ecuador Government International Bond                                            | CUSIP: 000000000<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |     61000 | PA      | $50576.63     | 0.30%             | 2040-07-31      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| PETROLEOS DE VENEZUELA S | Petroleos de Venezuela SA                                                        | CUSIP: 000000000<br>LEI: 549300YWR8TN1OFD4P06 | Long             | DBT              | CORP              | VE        |    908000 | PA      | $324610.00    | 1.91%             | 2021-11-17      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF GUATEMALA    | Guatemala Government Bond                                                        | CUSIP: 401494AW9<br>LEI: 529900QKDFFU9UWW5315 | Long             | DBT              | NUSS              | GT        |     70000 | PA      | $75162.50     | 0.44%             | 2036-06-13      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SOUTH AFRICA | Republic of South Africa Government International Bond                           | CUSIP: 836205BG8<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    139000 | PA      | $146132.79    | 0.86%             | 2054-11-19      | Fixed         | 7.95%                 | No            |                  2 | On Loan: No      |
| BANCO MERCANTIL DE NORTE | Banco Mercantil del Norte SA/Grand Cayman                                        | CUSIP: 05971PAD0<br>LEI: 549300QTVYRPFHS0J362 | Long             | DBT              | CORP              | MX        |    186000 | PA      | $197020.50    | 1.16%             | N/A             | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| MV24 CAPITAL BV          | MV24 Capital BV                                                                  | CUSIP: 55388RAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | NL        |     52052 | PA      | $52783.58     | 0.31%             | 2034-06-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS      | Petroleos Mexicanos                                                              | CUSIP: 71643VAB1<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |     59000 | PA      | $59040.71     | 0.35%             | 2032-02-16      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF COLOMBIA     | Colombia Government International Bond                                           | CUSIP: 195325EM3<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |     65000 | PA      | $71630.00     | 0.42%             | 2053-11-14      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| SAAVI ENERGIA SARL       | Saavi Energia Sarl                                                               | CUSIP: 78518PAA3<br>LEI: 254900A2V0IO8K56UH35 | Long             | DBT              | CORP              | LU        |     67000 | PA      | $72788.80     | 0.43%             | 2035-02-10      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| GRAN TIERRA ENERGY INC   | Gran Tierra Energy Inc                                                           | CUSIP: 38500TAC5<br>LEI: 549300IH2S17MAIUCM32 | Long             | DBT              | CORP              | US        |    124000 | PA      | $99510.00     | 0.59%             | 2029-10-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF KENYA        | Republic of Kenya Government International Bond                                  | CUSIP: 491798AN4<br>LEI: 549300VVURQQYU45PR87 | Long             | DBT              | NUSS              | KE        |    102000 | PA      | $109344.00    | 0.64%             | 2036-03-05      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| GEORGIAN RAILWAY JSC     | Georgian Railway JSC                                                             | CUSIP: 37363BAB4<br>LEI: 2138005UZV4ZT2B2ZO19 | Long             | DBT              | CORP              | GE        |     14000 | PA      | $13387.50     | 0.08%             | 2028-06-17      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MEDCO CYPRESS TREE PTE   | Medco Cypress Tree Pte Ltd                                                       | CUSIP: 000000000<br>LEI: 254900NKZ2Y3YZK4WC46 | Long             | DBT              | CORP              | SG        |     50000 | PA      | $52895.00     | 0.31%             | 2030-05-19      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| TRINIDAD & TOBAGO        | Trinidad & Tobago Government International Bond                                  | CUSIP: 896292AN9<br>LEI: N/A                  | Long             | DBT              | NUSS              | TT        |    110000 | PA      | $109931.80    | 0.65%             | 2036-01-28      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ADANI PORTS AND SPECIAL  | Adani Ports & Special Economic Zone Ltd                                          | CUSIP: 000000000<br>LEI: 335800QOAXP5TM7OYP69 | Long             | DBT              | CORP              | IN        |    111000 | PA      | $100954.50    | 0.60%             | 2032-02-02      | Fixed         | 3.83%                 | No            |                  2 | On Loan: No      |
| MINERVA LUXEMBOURG SA    | Minerva Luxembourg SA                                                            | CUSIP: 000000000<br>LEI: 222100NM3G3RCPGZ2Z17 | Long             | DBT              | CORP              | LU        |    260000 | PA      | $242775.00    | 1.43%             | 2031-03-18      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| BANCO INTERNAC DEL PERU  | Banco Internacional del Peru SAA Interbank                                       | CUSIP: 05968DAG5<br>LEI: 5493001TRCGXJLRLHN14 | Long             | DBT              | CORP              | PE        |     80000 | PA      | $83120.00     | 0.49%             | 2035-04-30      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| MINEJESA CAPITAL BV      | Minejesa Capital BV                                                              | CUSIP: 602736AB6<br>LEI: 549300KS7ERCP10BKC35 | Long             | DBT              | CORP              | NL        |    167000 | PA      | $165557.12    | 0.98%             | 2037-08-10      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| OHI GROUP SA             | OHI Group SA                                                                     | CUSIP: 67712MAB5<br>LEI: 529900GW2J8DSYJHEH26 | Long             | DBT              | CORP              | LU        |    116850 | PA      | $118795.55    | 0.70%             | 2029-07-22      | Fixed         | 13.00%                | No            |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC       | Dominican Republic International Bond                                            | CUSIP: 25714PFB9<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |     25000 | PA      | $26810.63     | 0.16%             | 2037-03-15      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| IHS HOLDING LTD          | IHS Holding Ltd                                                                  | CUSIP: 44963HAC9<br>LEI: 213800CLGMKL63VKTD94 | Long             | DBT              | CORP              | KY        |     40000 | PA      | $41250.00     | 0.24%             | 2030-05-29      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ARGENTINA    | Argentine Republic Government International Bond                                 | CUSIP: 040114HS2<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |    237600 | PA      | $201841.20    | 1.19%             | 2030-07-09      | Variable      | 0.75%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SRI LANKA    | Sri Lanka Government International Bond                                          | CUSIP: 000000000<br>LEI: 254900IG6Y30I2QE2R92 | Long             | DBT              | NUSS              | LK        |    275000 | PA      | $253000.00    | 1.49%             | 2033-03-15      | Variable      | 3.35%                 | No            |                  2 | On Loan: No      |
| STUDIO CITY FINANCE LTD  | Studio City Finance Ltd                                                          | CUSIP: 86389QAG7<br>LEI: 254900D6R731QAUIG324 | Long             | DBT              | CORP              | VG        |    161000 | PA      | $156226.35    | 0.92%             | 2029-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF GHANA        | Ghana Government International Bond                                              | CUSIP: 374422AM5<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | GH        |     28000 | PA      | $27468.56     | 0.16%             | 2029-07-03      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| FED REPUBLIC OF BRAZIL   | Brazilian Government International Bond                                          | CUSIP: 105756CM0<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |    100000 | PA      | $102000.00    | 0.60%             | 2030-11-06      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| LEBANESE REPUBLIC        | Lebanon Government International Bond                                            | CUSIP: 000000000<br>LEI: 529900QPC4K9S1KHL354 | Long             | DBT              | NUSS              | LB        |     80000 | PA      | $23480.00     | 0.14%             | 2031-11-20      | Fixed         | 7.15%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ZAMBIA       | Zambia Government International Bond                                             | CUSIP: 988895AQ1<br>LEI: 213800DMLAZ6LGMMD849 | Long             | DBT              | NUSS              | ZM        |     35353 | PA      | $34668.04     | 0.20%             | 2033-06-30      | Variable      | 5.75%                 | No            |                  2 | On Loan: No      |
| TELECOM ARGENTINA SA     | Telecom Argentina SA                                                             | CUSIP: 879273AU4<br>LEI: 549300MKPIRSJD8SB782 | Long             | DBT              | CORP              | AR        |     77000 | PA      | $82293.75     | 0.49%             | 2031-07-18      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| MOVIDA EUROPE SA         | Movida Europe SA                                                                 | CUSIP: 62459LAC3<br>LEI: 549300YRJE0V6QKU7C86 | Long             | DBT              | CORP              | LU        |     92000 | PA      | $88831.06     | 0.52%             | 2029-04-11      | Fixed         | 7.85%                 | No            |                  2 | On Loan: No      |
| SIERRACOL EN AND/ARA/DEV | SierraCol Energy Andina LLC/SierraCol Energy Arauca/Colombia Energy Development  | CUSIP: 82653NAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     74000 | PA      | $73820.55     | 0.44%             | 2030-11-14      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF GUATEMALA    | Guatemala Government Bond                                                        | CUSIP: 000000000<br>LEI: 529900QKDFFU9UWW5315 | Long             | DBT              | NUSS              | GT        |    152000 | PA      | $131875.20    | 0.78%             | 2041-10-07      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| TEVA PHARMACEUTICALS NE  | Teva Pharmaceutical Finance Netherlands III BV                                   | CUSIP: 88167AAE1<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |     40000 | PA      | $39779.80     | 0.23%             | 2026-10-01      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| PROSUS NV                | Prosus NV                                                                        | CUSIP: 000000000<br>LEI: 635400Z5LQ5F9OLVT688 | Long             | DBT              | CORP              | NL        |     79000 | PA      | $72452.88     | 0.43%             | 2031-07-13      | Fixed         | 3.06%                 | No            |                  2 | On Loan: No      |
| ADANIREN KODSOPAR WARSOM | Adani Renewable Energy RJ Ltd/Kodangal Solar Parks Pvt Ltd/Wardha Solar Maharash | CUSIP: 00654CAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | IN        |     96086 | PA      | $81312.99     | 0.48%             | 2039-10-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| MONG DUONG FIN HLDGS BV  | Mong Duong Finance Holdings BV                                                   | CUSIP: 60935DAA3<br>LEI: 549300995KGQFMWSV879 | Long             | DBT              | CORP              | NL        |     23755 | PA      | $23671.44     | 0.14%             | 2029-05-07      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| SASOL FINANCING USA LLC  | Sasol Financing USA LLC                                                          | CUSIP: 80386WAB1<br>LEI: 549300XRB1PFMESFEL85 | Long             | DBT              | CORP              | US        |     55000 | PA      | $54797.05     | 0.32%             | 2028-09-27      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CEMEX SAB DE CV          | Cemex SAB de CV                                                                  | CUSIP: 000000000<br>LEI: 549300RIG2CXWN6IV731 | Long             | DBT              | CORP              | MX        |    123000 | PA      | $122877.00    | 0.72%             | N/A             | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| YAPI VE KREDI BANKASI AS | Yapi ve Kredi Bankasi AS                                                         | CUSIP: 984848AR2<br>LEI: B85ZYWEZ5IZCZ2WNIO12 | Long             | DBT              | CORP              | TR        |     50000 | PA      | $53200.00     | 0.31%             | 2034-01-17      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF KENYA        | Republic of Kenya Government International Bond                                  | CUSIP: 491798AP9<br>LEI: 549300VVURQQYU45PR87 | Long             | DBT              | NUSS              | KE        |     73000 | PA      | $73584.00     | 0.43%             | 2033-10-09      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| FED REPUBLIC OF BRAZIL   | Brazilian Government International Bond                                          | CUSIP: 105756CJ7<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |     31000 | PA      | $31031.00     | 0.18%             | 2054-05-13      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| 10 RENEW POWER SUBSIDIAR | ReNew Wind Energy AP2 / ReNew Power Pvt Ltd other 9 Subsidiaries                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | IN        |     61000 | PA      | $59109.00     | 0.35%             | 2028-07-14      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ISLAMIC REP OF PAKISTAN  | Pakistan Government International Bond                                           | CUSIP: 695847AT0<br>LEI: 529900LOP29R5WKHOD86 | Long             | DBT              | NUSS              | PK        |     16000 | PA      | $16144.00     | 0.10%             | 2031-04-08      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ARGENTINA    | Argentine Republic Government International Bond                                 | CUSIP: 040114HV5<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |    331000 | PA      | $240140.50    | 1.42%             | 2041-07-09      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| TEVA PHARMACEUTICALS NE  | Teva Pharmaceutical Finance Netherlands III BV                                   | CUSIP: 88167AAF8<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |    149000 | PA      | $114354.52    | 0.67%             | 2046-10-01      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC       | Dominican Republic International Bond                                            | CUSIP: 25714PEZ7<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    143000 | PA      | $150364.50    | 0.89%             | 2036-06-01      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC       | Dominican Republic International Bond                                            | CUSIP: 000000000<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |     82000 | PA      | $83845.00     | 0.49%             | 2033-02-22      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF COLOMBIA     | Colombia Government International Bond                                           | CUSIP: 195325ES0<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |     62000 | PA      | $68494.50     | 0.40%             | 2035-04-25      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| UZBEKNEFTEGAZ            | Uzbekneftegaz JSC                                                                | CUSIP: 91825MAC7<br>LEI: 213800LUZJZFLJD4MJ51 | Long             | DBT              | CORP              | UZ        |    111000 | PA      | $120337.88    | 0.71%             | 2030-05-07      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| BANC CREDITO INVERSIONES | Banco de Credito e Inversiones SA                                                | CUSIP: 05956NAF9<br>LEI: 549300E9E5Y3PKW24142 | Long             | DBT              | CORP              | CL        |     69000 | PA      | $73712.87     | 0.43%             | N/A             | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL REP OF ETHIOPIA  | Ethiopia International Bond                                                      | CUSIP: 29766LAA4<br>LEI: N/A                  | Long             | DBT              | NUSS              | ET        |     12000 | PA      | $12720.00     | 0.07%             | 2024-12-11      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| ARAB REPUBLIC OF EGYPT   | Egypt Government International Bond                                              | CUSIP: 03846JW55<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |    123000 | PA      | $111744.89    | 0.66%             | 2048-02-21      | Fixed         | 7.90%                 | No            |                  2 | On Loan: No      |
| TURK TELEKOMUNIKASYON AS | Turk Telekomunikasyon AS                                                         | CUSIP: 90011QAE0<br>LEI: 789000A2TXOI10JZLF90 | Long             | DBT              | CORP              | TR        |     30000 | PA      | $30701.55     | 0.18%             | 2032-10-07      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| MC BRAZIL DWNSTRM        | MC Brazil Downstream Trading SARL                                                | CUSIP: 55292WAA8<br>LEI: 213800T2A7R9TYNXZI63 | Long             | DBT              | CORP              | LU        |     79743 | PA      | $70971.12     | 0.42%             | 2031-06-30      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| MONG DUONG FIN HLDGS BV  | Mong Duong Finance Holdings BV                                                   | CUSIP: 000000000<br>LEI: 549300995KGQFMWSV879 | Long             | DBT              | CORP              | NL        |    104289 | PA      | $103923.58    | 0.61%             | 2029-05-07      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF EL SALVADOR  | El Salvador Government International Bond                                        | CUSIP: 000000000<br>LEI: 529900AKDMUSFSDOM949 | Long             | DBT              | NUSS              | SV        |    124000 | PA      | $128712.00    | 0.76%             | 2035-06-15      | Fixed         | 7.65%                 | No            |                  2 | On Loan: No      |
| TELECOM ARGENTINA SA     | Telecom Argentina SA                                                             | CUSIP: 879273AV2<br>LEI: 549300MKPIRSJD8SB782 | Long             | DBT              | CORP              | AR        |     94000 | PA      | $99583.60     | 0.59%             | 2033-05-28      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SRI LANKA    | Sri Lanka Government International Bond                                          | CUSIP: 000000000<br>LEI: 254900IG6Y30I2QE2R92 | Long             | DBT              | NUSS              | LK        |    122000 | PA      | $100027.80    | 0.59%             | 2035-06-15      | Variable      | 3.60%                 | No            |                  2 | On Loan: No      |
| VEDANTA RESOURCES        | Vedanta Resources Finance II PLC                                                 | CUSIP: 92243XAH4<br>LEI: 8945002DGA3BBXO3N634 | Long             | DBT              | CORP              | GB        |     32000 | PA      | $34280.00     | 0.20%             | 2029-09-17      | Fixed         | 10.88%                | No            |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT       | Ukraine Government International Bond                                            | CUSIP: 903724CG5<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |    164000 | PA      | $92414.00     | 0.54%             | 2036-02-01      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| INVEST ENERGY RES LTD    | Investment Energy Resources Ltd                                                  | CUSIP: 46143NAB6<br>LEI: 254900A71Y7WHN7L5K89 | Long             | DBT              | CORP              | BM        |    125000 | PA      | $125937.50    | 0.74%             | 2029-04-26      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ADM ELEKTRIK DAGITIM AS  | ADM Elektrik Dagitim AS                                                          | CUSIP: 00710QAA1<br>LEI: 984500CB836F7EC9CF60 | Long             | DBT              | CORP              | TR        |     60000 | PA      | $59840.98     | 0.35%             | 2031-02-05      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| STUDIO CITY CO LTD       | Studio City Co Ltd                                                               | CUSIP: 000000000<br>LEI: 984500V5401EFT095A58 | Long             | DBT              | CORP              | VG        |     90000 | PA      | $90157.50     | 0.53%             | 2027-02-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF TURKIYE      | Turkiye Government International Bond                                            | CUSIP: 900123DP2<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |     33000 | PA      | $34542.75     | 0.20%             | 2032-02-12      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| TURKCELL ILETISIM HIZMET | Turkcell Iletisim Hizmetleri AS                                                  | CUSIP: 900111AD7<br>LEI: 7890003EX1LTLS2FFL84 | Long             | DBT              | CORP              | TR        |     86000 | PA      | $91614.62     | 0.54%             | 2032-01-24      | Fixed         | 7.65%                 | No            |                  2 | On Loan: No      |
| KYRGYZ REP INTL BOND     | Kyrgyz Republic International Bond                                               | CUSIP: 50158LAA6<br>LEI: N/A                  | Long             | DBT              | NUSS              | KG        |    177000 | PA      | $184275.36    | 1.09%             | 2030-06-03      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SOUTH AFRICA | Republic of South Africa Government International Bond                           | CUSIP: 836205AZ7<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    151000 | PA      | $135749.00    | 0.80%             | 2048-06-22      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| IHS HOLDING LTD          | IHS Holding Ltd                                                                  | CUSIP: 44963HAA3<br>LEI: 213800CLGMKL63VKTD94 | Long             | DBT              | CORP              | KY        |     25000 | PA      | $24922.50     | 0.15%             | 2026-11-29      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| LEVIATHAN BOND LTD       | Leviathan Bond Ltd                                                               | CUSIP: 000000000<br>LEI: 254900D9T8VKYVQNZ220 | Long             | DBT              | CORP              | IL        |     52000 | PA      | $53439.88     | 0.32%             | 2030-06-30      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT       | Ukraine Government International Bond                                            | CUSIP: 903724CH3<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |     22000 | PA      | $17545.00     | 0.10%             | 2032-02-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| KINGDOM OF MOROCCO       | Morocco Government International Bond                                            | CUSIP: 617726AL8<br>LEI: 529900F3MBW9XY5K1X07 | Long             | DBT              | NUSS              | MA        |     17000 | PA      | $14866.50     | 0.09%             | 2032-12-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| LLPL CAPITAL PTE LTD     | LLPL Capital Pte Ltd                                                             | CUSIP: 000000000<br>LEI: 254900VXZ8FXTUQNON22 | Long             | DBT              | CORP              | SG        |     42138 | PA      | $43881.25     | 0.26%             | 2039-02-04      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF TURKIYE      | Turkiye Government International Bond                                            | CUSIP: 900123DQ0<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |    124000 | PA      | $130247.12    | 0.77%             | 2032-05-29      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ARGENTINA    | Argentine Republic Government International Bond                                 | CUSIP: 040114HX1<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |     76300 | PA      | $67449.20     | 0.40%             | 2029-07-09      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF GHANA        | Ghana Government International Bond                                              | CUSIP: 374422AP8<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | GH        |    153600 | PA      | $140352.00    | 0.83%             | 2035-07-03      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| CONSTELLATION OIL SA     | Constellation Oil Services Holding SA                                            | CUSIP: 650921AA7<br>LEI: 5493005YJTU769NW5I10 | Long             | DBT              | CORP              | LU        |     44000 | PA      | $45975.60     | 0.27%             | 2029-11-07      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| JSW HYDRO ENERGY LTD     | JSW Hydro Energy Ltd                                                             | CUSIP: 000000000<br>LEI: 3358006ZP5KO7VUH2790 | Long             | DBT              | CORP              | IN        |    104250 | PA      | $98255.63     | 0.58%             | 2031-05-18      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| ISTANBUL METROPOLITAN MU | Istanbul Metropolitan Municipality                                               | CUSIP: 46522TAC2<br>LEI: 213800T1VDQSNKA2MD76 | Long             | DBT              | NUSS              | TR        |     82000 | PA      | $90092.58     | 0.53%             | 2028-12-06      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| SASOL FINANCING USA LLC  | Sasol Financing USA LLC                                                          | CUSIP: 80386WAC9<br>LEI: 549300XRB1PFMESFEL85 | Long             | DBT              | CORP              | US        |     90000 | PA      | $89385.75     | 0.53%             | 2026-09-18      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF TURKIYE      | Turkiye Government International Bond                                            | CUSIP: 900123DR8<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |    131000 | PA      | $133018.06    | 0.78%             | 2035-09-16      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF NIGERIA      | Nigeria Government International Bond                                            | CUSIP: 65412AFC1<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |    147000 | PA      | $166624.50    | 0.98%             | 2031-06-09      | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| TRINIDAD & TOBAGO        | Trinidad & Tobago Government International Bond                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | NUSS              | TT        |    158000 | PA      | $158948.00    | 0.94%             | 2034-06-26      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF GABON        | Gabon Government International Bond                                              | CUSIP: 362420AD3<br>LEI: N/A                  | Long             | DBT              | NUSS              | GA        |     35000 | PA      | $29707.83     | 0.18%             | 2031-02-06      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF EL SALVADOR  | El Salvador Government International Bond                                        | CUSIP: 283875AH5<br>LEI: 529900AKDMUSFSDOM949 | Long             | DBT              | NUSS              | SV        |     31000 | PA      | $33402.50     | 0.20%             | 2032-04-10      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ZAMBIA       | Zambia Government International Bond                                             | CUSIP: 988895AR9<br>LEI: 213800DMLAZ6LGMMD849 | Long             | DBT              | NUSS              | ZM        |     50000 | PA      | $36050.00     | 0.21%             | 2053-12-31      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| PROVINCIA DE BUENOS AIRE | Provincia de Buenos Aires/Government Bonds                                       | CUSIP: 000000000<br>LEI: 549300L6AYROPOTQ4L07 | Long             | DBT              | NUSS              | AR        |    163778 | PA      | $133171.99    | 0.78%             | 2037-09-01      | Variable      | 6.62%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SOUTH AFRICA | Republic of South Africa Government International Bond                           | CUSIP: 836205BC7<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |     30000 | PA      | $30783.45     | 0.18%             | 2032-04-20      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| AI CANDELARIA -SPAIN- SA | AI Candelaria -spain- SA                                                         | CUSIP: 000000000<br>LEI: 213800L5KA2MJ5FKRZ02 | Long             | DBT              | CORP              | ES        |    197000 | PA      | $176807.50    | 1.04%             | 2033-06-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| PETROLEOS DEL PERU SA    | Petroleos del Peru SA                                                            | CUSIP: 000000000<br>LEI: 549300ZMGDLC9JT2OR80 | Long             | DBT              | CORP              | PE        |     49000 | PA      | $37215.50     | 0.22%             | 2032-06-19      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| PETROLEOS DE VENEZUELA S | Petroleos de Venezuela SA                                                        | CUSIP: 000000000<br>LEI: 549300YWR8TN1OFD4P06 | Long             | DBT              | CORP              | VE        |    200000 | PA      | $78220.00     | 0.46%             | 2022-02-17      | Fixed         | 12.75%                | No            |                  2 | On Loan: No      |
| BANCO MERCANTIL DE NORTE | Banco Mercantil del Norte SA/Grand Cayman                                        | CUSIP: 05973KAB3<br>LEI: 549300QTVYRPFHS0J362 | Long             | DBT              | CORP              | MX        |     82000 | PA      | $81036.50     | 0.48%             | N/A             | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SENEGAL      | Senegal Government International Bond                                            | CUSIP: 81720TAC9<br>LEI: 549300NP14ZLQGWIUZ97 | Long             | DBT              | NUSS              | SN        |     88000 | PA      | $51022.84     | 0.30%             | 2033-05-23      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ARGENTINA    | Argentine Republic Government International Bond                                 | CUSIP: 040114HW3<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |    249727 | PA      | $183924.14    | 1.08%             | 2046-07-09      | Variable      | 4.12%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF VENEZUELA    | Venezuela Government International Bond                                          | CUSIP: 000000000<br>LEI: 529900XM8PJTJK5OJI77 | Long             | DBT              | NUSS              | VE        |    280000 | PA      | $124040.00    | 0.73%             | 2026-10-21      | Fixed         | 11.75%                | No            |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT       | Ukraine Government International Bond                                            | CUSIP: 903724CA8<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |      2197 | PA      | $1388.50      | 0.01%             | 2034-02-01      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF COLOMBIA     | Colombia Government International Bond                                           | CUSIP: 195325ER2<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |    148000 | PA      | $155844.00    | 0.92%             | 2030-04-25      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| SAMARCO MINERACAO SA     | Samarco Mineracao SA                                                             | CUSIP: 79588YAA7<br>LEI: 529900U8HKV15GJC4O60 | Long             | DBT              | CORP              | BR        |    165361 | PA      | $166584.42    | 0.98%             | 2031-06-30      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC       | Dominican Republic International Bond                                            | CUSIP: 000000000<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |     39000 | PA      | $41824.58     | 0.25%             | 2037-03-15      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| ESKOM HOLDINGS           | Eskom Holdings                                                                   | CUSIP: 29646AAD8<br>LEI: 3789001900ED06F65111 | Long             | DBT              | CORP              | ZA        |    162000 | PA      | $173745.00    | 1.02%             | 2028-08-10      | Fixed         | 8.45%                 | No            |                  2 | On Loan: No      |
| ENERGEAN ISRAEL FINANCE  | Energean Israel Finance Ltd                                                      | CUSIP: 000000000<br>LEI: 98450044QACBL3F8EB03 | Long             | DBT              | CORP              | IL        |     22000 | PA      | $21775.60     | 0.13%             | 2028-03-30      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| VEDANTA RESOURCES        | Vedanta Resources Finance II PLC                                                 | CUSIP: 92243XAM3<br>LEI: 8945002DGA3BBXO3N634 | Long             | DBT              | CORP              | GB        |     60000 | PA      | $63330.00     | 0.37%             | 2030-07-24      | Fixed         | 9.47%                 | No            |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC       | Dominican Republic International Bond                                            | CUSIP: 25714PEF1<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |     52000 | PA      | $49946.00     | 0.29%             | 2032-09-23      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| IHS MAURITIUS NG HOLDCO  | IHS Netherlands Holdco BV                                                        | CUSIP: 44963LAC0<br>LEI: 5493006Z6YQYCCN2XI74 | Long             | DBT              | CORP              | NL        |     61185 | PA      | $61185.29     | 0.36%             | 2027-09-18      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ECUADOR      | Ecuador Government International Bond                                            | CUSIP: 27927WAR3<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |    200000 | PA      | $206030.00    | 1.21%             | 2039-01-29      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ECUADOR      | Ecuador Government International Bond                                            | CUSIP: 000000000<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |     64000 | PA      | $63808.00     | 0.38%             | 2030-07-31      | Variable      | 6.90%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ANGOLA       | Angolan Government International Bond                                            | CUSIP: 035198AD2<br>LEI: 549300QHR2R3J8JSGK83 | Long             | DBT              | NUSS              | AO        |     46000 | PA      | $45304.02     | 0.27%             | 2029-11-26      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| VF UKRAINE (VFU FUNDING) | VF Ukraine PAT via VFU Funding PLC                                               | CUSIP: 918212AA9<br>LEI: N/A                  | Long             | DBT              | CORP              | UA        |    127538 | PA      | $125944.03    | 0.74%             | 2027-02-11      | Variable      | 9.62%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF COLOMBIA     | Colombia Government International Bond                                           | CUSIP: 195325EF8<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |    219000 | PA      | $236191.50    | 1.39%             | 2033-04-20      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| MELCO RESORTS FINANCE    | Melco Resorts Finance Ltd                                                        | CUSIP: 000000000<br>LEI: 5493000FQDBWKDBZEF60 | Long             | DBT              | CORP              | KY        |    238000 | PA      | $236024.60    | 1.39%             | 2029-12-04      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT       | Ukraine Government International Bond                                            | CUSIP: 000000000<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |    263980 | PA      | $210710.72    | 1.24%             | 2032-02-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| FED REPUBLIC OF BRAZIL   | Brazilian Government International Bond                                          | CUSIP: 105756CF5<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |     68000 | PA      | $68969.00     | 0.41%             | 2033-10-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| KOSMOS ENERGY LTD        | Kosmos Energy Ltd                                                                | CUSIP: 000000000<br>LEI: 213800YDFJ3OT9B5P157 | Long             | DBT              | CORP              | US        |     96000 | PA      | $93024.00     | 0.55%             | 2027-05-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| KAZMUNAYGAS NATIONAL CO  | KazMunayGas National Co JSC                                                      | CUSIP: 48667QAS4<br>LEI: 2138001H1M69RFJCSH88 | Long             | DBT              | CORP              | KZ        |    134000 | PA      | $134594.29    | 0.79%             | 2048-10-24      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| WE SODA INV HOLDING PLC  | WE Soda Investments Holding PLC                                                  | CUSIP: 92943TAA1<br>LEI: 984500SE38C07DB47A90 | Long             | DBT              | CORP              | GB        |     62000 | PA      | $64260.52     | 0.38%             | 2028-10-06      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| FED REPUBLIC OF BRAZIL   | Brazilian Government International Bond                                          | CUSIP: 105756CN8<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |    104000 | PA      | $104052.00    | 0.61%             | 2056-01-12      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| ARAB REPUBLIC OF EGYPT   | Egypt Government International Bond                                              | CUSIP: 03846JX62<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |     12000 | PA      | $11887.32     | 0.07%             | 2050-05-29      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| IVORY COAST              | Ivory Coast Government International Bond                                        | CUSIP: 221625AV8<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |     75000 | PA      | $80306.25     | 0.47%             | 2036-04-01      | Fixed         | 8.07%                 | No            |                  2 | On Loan: No      |
| MSU ENERGY SA            | MSU Energy SA                                                                    | CUSIP: 55377JAC1<br>LEI: 529900D1ZX75KRP2HC66 | Long             | DBT              | CORP              | AR        |    158000 | PA      | $158680.98    | 0.94%             | 2030-12-05      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| BENIN INTL GOV BOND      | Benin Government International Bond                                              | CUSIP: 08205QAA6<br>LEI: 635400Q11P6AE5A5Y230 | Long             | DBT              | NUSS              | BJ        |     39000 | PA      | $40906.91     | 0.24%             | 2038-02-13      | Fixed         | 7.96%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF UZBEKISTAN   | Republic of Uzbekistan International Bond                                        | CUSIP: 91822Q2E6<br>LEI: 213800L6VDKUM3TCM927 | Long             | DBT              | NUSS              | UZ        |     89000 | PA      | $82962.16     | 0.49%             | 2031-10-19      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF GHANA        | Ghana Government International Bond                                              | CUSIP: 374422AN3<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | GH        |     17505 | PA      | $15374.93     | 0.09%             | 2030-01-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF VENEZUELA    | Venezuela Government International Bond                                          | CUSIP: 000000000<br>LEI: 529900XM8PJTJK5OJI77 | Long             | DBT              | NUSS              | VE        |     44000 | PA      | $19624.00     | 0.12%             | 2022-08-23      | Fixed         | 12.75%                | No            |                  2 | On Loan: No      |
| REPUBLIC OF SURINAME INT | Suriname Government International Bond                                           | CUSIP: 86886PAF9<br>LEI: 254900SYU4G5JM13TN77 | Long             | DBT              | NUSS              | SR        |     50000 | PA      | $54050.00     | 0.32%             | 2035-11-06      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| COMISION EJ HI RIO LEMPA | Comision Ejecutiva Hidroelectrica del Rio Lempa                                  | CUSIP: 200444AA5<br>LEI: 254900YU43PQQ27Q0E71 | Long             | DBT              | CORP              | SV        |     39000 | PA      | $41778.75     | 0.25%             | 2033-01-24      | Fixed         | 8.65%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF EL SALVADOR  | El Salvador Government International Bond                                        | CUSIP: 000000000<br>LEI: 529900AKDMUSFSDOM949 | Long             | DBT              | NUSS              | SV        |     21000 | PA      | $22554.00     | 0.13%             | 2029-02-28      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| VAMOS EUROPE SA          | Vamos Europe SA                                                                  | CUSIP: 92049NAA7<br>LEI: 894500FA5CLVV8HLE261 | Long             | DBT              | CORP              | LU        |     77000 | PA      | $73920.00     | 0.44%             | 2031-01-26      | Fixed         | 9.20%                 | No            |                  2 | On Loan: No      |
| LEBANESE REPUBLIC        | Lebanon Government International Bond                                            | CUSIP: 000000000<br>LEI: 529900QPC4K9S1KHL354 | Long             | DBT              | NUSS              | LB        |    264000 | PA      | $77220.01     | 0.46%             | 2021-04-12      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| ZORLU ENERJI ELEKTRIK    | Zorlu Enerji Elektrik Uretim AS                                                  | CUSIP: 98977LAA4<br>LEI: 7890005B5CSNL39OYO75 | Long             | DBT              | CORP              | TR        |     46000 | PA      | $42892.24     | 0.25%             | 2030-04-23      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| AZULE ENERGY FINANCE PLC | Azule Energy Finance Plc                                                         | CUSIP: 05501YAB4<br>LEI: 2138006X6O82RJSQDB63 | Long             | DBT              | CORP              | GB        |     50000 | PA      | $50211.25     | 0.30%             | 2031-01-22      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SOUTH AFRICA | Republic of South Africa Government International Bond                           | CUSIP: 836205AX2<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    144000 | PA      | $119088.00    | 0.70%             | 2047-09-27      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS      | Petroleos Mexicanos                                                              | CUSIP: 71654QDF6<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    205000 | PA      | $167102.68    | 0.98%             | 2060-01-28      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| ORBIA ADVANCE CORP SAB   | Orbia Advance Corp SAB de CV                                                     | CUSIP: 68560EAD0<br>LEI: 549300MVHZ20SBIOEQ79 | Long             | DBT              | CORP              | MX        |     86000 | PA      | $86451.50     | 0.51%             | 2035-05-13      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT       | Ukraine Government International Bond                                            | CUSIP: 903724CC4<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |     18421 | PA      | $11255.23     | 0.07%             | 2036-02-01      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| FS LUXEMBOURG SARL       | FS Luxembourg Sarl                                                               | CUSIP: 30315XAC8<br>LEI: 222100EKR3JUJPGGOY81 | Long             | DBT              | CORP              | LU        |    132000 | PA      | $139747.08    | 0.82%             | 2031-02-12      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| BANCO DAVIVIENDA SA      | Banco Davivienda SA                                                              | CUSIP: 059501AD8<br>LEI: 549300P161V4IPKAQS70 | Long             | DBT              | CORP              | CO        |    139000 | PA      | $130138.75    | 0.77%             | N/A             | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| BBVA MEX BANCA GRUPO TX  | BBVA Mexico SA Institucion De Banca Multiple Grupo Financiero BBVA Mexico/TX     | CUSIP: 05533UAF5<br>LEI: 549300WIWQK5Q9MCUN92 | Long             | DBT              | CORP              | MX        |     68000 | PA      | $67235.00     | 0.40%             | 2033-01-18      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS      | Petroleos Mexicanos                                                              | CUSIP: 71654QDE9<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    251000 | PA      | $245201.90    | 1.45%             | 2031-01-28      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC       | Dominican Republic International Bond                                            | CUSIP: 25714PFF0<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    136000 | PA      | $135983.00    | 0.80%             | 2035-10-28      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| COSTA RICA GOVERNMENT    | Costa Rica Government International Bond                                         | CUSIP: 221597CV7<br>LEI: 549300S1EK2VN6XVJP58 | Long             | DBT              | NUSS              | CR        |    137000 | PA      | $153166.00    | 0.90%             | 2054-11-13      | Fixed         | 7.30%                 | No            |                  2 | On Loan: No      |
| ISLAMIC REP OF PAKISTAN  | Pakistan Government International Bond                                           | CUSIP: 000000000<br>LEI: 529900LOP29R5WKHOD86 | Long             | DBT              | NUSS              | PK        |    200000 | PA      | $203498.58    | 1.20%             | 2027-12-05      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| PROSUS NV                | Prosus NV                                                                        | CUSIP: 74365PAE8<br>LEI: 635400Z5LQ5F9OLVT688 | Long             | DBT              | CORP              | NL        |    251000 | PA      | $167404.45    | 0.99%             | 2051-02-08      | Fixed         | 3.83%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF COLOMBIA     | Colombia Government International Bond                                           | CUSIP: 195325EL5<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |    137000 | PA      | $147138.00    | 0.87%             | 2035-11-14      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ANGOLA       | Angolan Government International Bond                                            | CUSIP: 035198AF7<br>LEI: 549300QHR2R3J8JSGK83 | Long             | DBT              | NUSS              | AO        |    142000 | PA      | $138982.50    | 0.82%             | 2032-04-14      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ECUADOR      | Ecuador Government International Bond                                            | CUSIP: 000000000<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |     78000 | PA      | $71545.50     | 0.42%             | 2035-07-31      | Variable      | 6.90%                 | No            |                  2 | On Loan: No      |
| ENERGEAN ISRAEL FINANCE  | Energean Israel Finance Ltd                                                      | CUSIP: 000000000<br>LEI: 98450044QACBL3F8EB03 | Long             | DBT              | CORP              | IL        |    126000 | PA      | $122904.81    | 0.72%             | 2031-03-30      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| 3R LUX SARL              | 3R Lux SARL                                                                      | CUSIP: 88563PAA6<br>LEI: 9845007D0DF0BEFD8D97 | Long             | DBT              | CORP              | LU        |     81000 | PA      | $84766.50     | 0.50%             | 2031-02-05      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF NIGERIA      | Nigeria Government International Bond                                            | CUSIP: 65412AFF4<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |    160000 | PA      | $171310.40    | 1.01%             | 2036-01-13      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| PETROLEOS DE VENEZUELA S | Petroleos de Venezuela SA                                                        | CUSIP: 000000000<br>LEI: 549300YWR8TN1OFD4P06 | Long             | DBT              | CORP              | VE        |    525000 | PA      | $192937.50    | 1.14%             | 2035-05-17      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF TURKIYE      | Turkiye Government International Bond                                            | CUSIP: 900123DA5<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |    382000 | PA      | $382741.19    | 2.26%             | 2031-01-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| YPF SOCIEDAD ANONIMA     | YPF SA                                                                           | CUSIP: 984245AX8<br>LEI: 5493003N7447U18U5U53 | Long             | DBT              | CORP              | AR        |    125000 | PA      | $132668.75    | 0.78%             | 2031-01-17      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| VOLCAN CIA MINERA SAA-CM | Volcan Cia Minera SAA                                                            | CUSIP: 92863UAD8<br>LEI: 549300XKJ91C4SZLG750 | Long             | DBT              | CORP              | PE        |     65000 | PA      | $67470.00     | 0.40%             | 2032-10-28      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| GRUPO AEROMEXICO SAB     | Grupo Aeromexico SAB de CV                                                       | CUSIP: 40054JAD1<br>LEI: N/A                  | Long             | DBT              | CORP              | MX        |     90000 | PA      | $93375.00     | 0.55%             | 2031-11-15      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS      | Petroleos Mexicanos                                                              | CUSIP: 71654QDC3<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    120000 | PA      | $123162.96    | 0.73%             | 2030-01-23      | Fixed         | 6.84%                 | No            |                  2 | On Loan: No      |
| AZULE ENERGY FINANCE PLC | Azule Energy Finance Plc                                                         | CUSIP: 05501YAA6<br>LEI: 2138006X6O82RJSQDB63 | Long             | DBT              | CORP              | GB        |     78000 | PA      | $78995.94     | 0.47%             | 2030-01-23      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| YINSON BORONIA PRODUCTIO | Yinson Boronia Production BV                                                     | CUSIP: 98584XAA3<br>LEI: 5493007X12FTT746N678 | Long             | DBT              | CORP              | NL        |    129504 | PA      | $144226.53    | 0.85%             | 2042-07-31      | Fixed         | 8.95%                 | No            |                  2 | On Loan: No      |
| IVORY COAST              | Ivory Coast Government International Bond                                        | CUSIP: 221625AT3<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |     97000 | PA      | $103790.00    | 0.61%             | 2033-01-30      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| UKRAINE GOVERNMENT       | Ukraine Government International Bond                                            | CUSIP: 903724CD2<br>LEI: 6354001WLTJXOMEXPY07 | Long             | DBT              | NUSS              | UA        |      8035 | PA      | $5100.22      | 0.03%             | 2030-02-01      | Variable      | 0.01%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF GHANA        | Ghana Government International Bond                                              | CUSIP: 374422AL7<br>LEI: 213800PP4399SNNXZ126 | Long             | DBT              | NUSS              | GH        |      1600 | PA      | $1576.00      | 0.01%             | 2026-07-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF EL SALVADOR  | El Salvador Government International Bond                                        | CUSIP: 000000000<br>LEI: 529900AKDMUSFSDOM949 | Long             | DBT              | NUSS              | SV        |     15000 | PA      | $15030.00     | 0.09%             | 2041-02-01      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-03-30

**Name of Applicant:** Virtus ETF Trust II

**Signature:** Brinton W. Frith

**Name of Signer:** Brinton W. Frith

**Title:** Treasurer and Principal Financial Officer