# EDGAR Filing Document

**Accession Number:** 0001423227
**File Stem:** 0000940400-25-009425
**Filing Date:** 2025-11
**Character Count:** 46394
**Document Hash:** 54bd9b6e0759b086f183ae31eec95bcf
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-25-009425.hdr.sgml**: 20251124

**ACCESSION NUMBER**: 0000940400-25-009425

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251124

**DATE AS OF CHANGE**: 20251124

**PERIOD START**: 20250930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Virtus Strategy Trust
- **CENTRAL INDEX KEY:** 0001423227

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22167
- **FILM NUMBER:** 251512113

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

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Allianz Funds Multi-Strategy Trust
- **DATE OF NAME CHANGE:** 20080109

## Series and Classes Contracts Data

### Virtus International Small-Cap Fund (Series ID: S000028361)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000086672 | Class A             | AOPAX           |
| C000086673 | Class C             | AOPCX           |
| C000086675 | Institutional Class | ALOIX           |
| C000165874 | Class R6            | AIISX           |

## 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 Strategy Trust

- **b. Investment Company Act file number:** 811-22167

- **c. CIK number of Registrant:** 0001423227

- **d. LEI of Registrant:** 549300PO6JSVIR6RII57

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

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

  - **City:** GREENFIELD

  - **State:** MA

  - **Foreign country:** US

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

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

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

- **a. Name of Series:** Virtus International Small-Cap Fund

- **b. EDGAR series identifier (if any):** S000028361

- **c. LEI of Series:** 5493008LAX4C6210YR24

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

- **a. Date of fiscal year-end:** 2025-09-30

- **b. Date as of which information is reported:** 2025-09-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $54383821.63

**Total Liabilities:** $59227.20

**Net Assets:** $54324594.43

**Cash Not Reported:** $846704.81

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000086672 | -1.17%               | 6.39%                | 3.84%                |
| Class ID C000086675 | -1.14%               | 6.40%                | 3.85%                |
| Class ID C000165874 | -1.13%               | 6.38%                | 3.88%                |
| Class ID C000086673 | -1.22%               | 6.30%                | 3.78%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $329584.92               | $-973860.54                                |
| Month 2  | $607144.58               | $2451256.79                                |
| Month 3  | $437098.41               | $1425376.44                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Toa Corp/Tokyo                 | Toa Corp/Tokyo                                     | CUSIP: 000000000<br>LEI: 353800AT816JCLZ5WD63 | Long             | EC               | CORP              | JP        |     28800 | NS      | $407408.46    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Systena Corp                   | Systena Corp                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    266700 | NS      | $955817.02    | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Investec PLC                   | Investec PLC                                       | CUSIP: 000000000<br>LEI: 2138007Z3U5GWDN3MY22 | Long             | EC               | CORP              | ZA        |     30442 | NS      | $227429.73    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Transcontinental Inc           | Transcontinental Inc                               | CUSIP: 893578104<br>LEI: 549300C86G4JLR01YF53 | Long             | EC               | CORP              | CA        |     30021 | NS      | $424310.61    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Resilient REIT Ltd             | Resilient REIT Ltd                                 | CUSIP: 000000000<br>LEI: 378900F37FF47D486C58 | Long             | EC               | CORP              | ZA        |     73398 | NS      | $272256.85    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Ambea AB                       | Ambea AB                                           | CUSIP: 000000000<br>LEI: 549300AEVNZRHYI5HV24 | Long             | EC               | CORP              | SE        |     54612 | NS      | $788342.41    | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Toyo Seikan Group Holdings Ltd | Toyo Seikan Group Holdings Ltd                     | CUSIP: 000000000<br>LEI: 5299004VWXGQPXR05T33 | Long             | EC               | CORP              | JP        |      5300 | NS      | $120955.47    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| REC Ltd                        | REC Ltd                                            | CUSIP: 000000000<br>LEI: 335800B4YRYWAMIJZ374 | Long             | EC               | CORP              | IN        |     34787 | NS      | $146080.81    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Toyobo Co Ltd                  | Toyobo Co Ltd                                      | CUSIP: 000000000<br>LEI: 5299005EWBCNUAZ4PM62 | Long             | EC               | CORP              | JP        |     58900 | NS      | $452847.14    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| TV Asahi Holdings Corp         | TV Asahi Holdings Corp                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     16700 | NS      | $378865.33    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| GlaxoSmithKline Pharmaceutical | GlaxoSmithKline Pharmaceuticals Ltd                | CUSIP: 000000000<br>LEI: 3358002TNSC1U2DWNY52 | Long             | EC               | CORP              | IN        |      6296 | NS      | $188599.02    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Toyo Tire Corp                 | Toyo Tire Corp                                     | CUSIP: 000000000<br>LEI: 529900Y41RD7VQM9RF75 | Long             | EC               | CORP              | JP        |     44300 | NS      | $1177558.91   | 2.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Chambal Fertilisers and Chemic | Chambal Fertilisers and Chemicals Ltd              | CUSIP: 000000000<br>LEI: 335800DFMF2OEJ7HWM17 | Long             | EC               | CORP              | IN        |     79123 | NS      | $455148.57    | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Asia Vital Components Co Ltd   | Asia Vital Components Co Ltd                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |      9000 | NS      | $289684.36    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Starts Corp Inc                | Starts Corp Inc                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     10000 | NS      | $343510.16    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| AVI Ltd                        | AVI Ltd                                            | CUSIP: 000000000<br>LEI: 378900C2D68805FAAF75 | Long             | EC               | CORP              | ZA        |    101817 | NS      | $583192.68    | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| BAWAG Group AG                 | BAWAG Group AG                                     | CUSIP: 000000000<br>LEI: 529900S9YO2JHTIIDG38 | Long             | EC               | CORP              | AT        |      1654 | NS      | $217490.41    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Onward Holdings Co Ltd         | Onward Holdings Co Ltd                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    128800 | NS      | $608791.97    | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Camtek Ltd/Israel              | Camtek Ltd/Israel                                  | CUSIP: 000000000<br>LEI: 5493000H80W07HCKGS43 | Long             | EC               | CORP              | IL        |      2323 | NS      | $244031.15    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| National Bank of Greece SA     | National Bank of Greece SA                         | CUSIP: 000000000<br>LEI: 5UMCZOEYKCVFAW8ZLO05 | Long             | EC               | CORP              | GR        |     30796 | NS      | $447069.48    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| BB Seguridade Participacoes SA | BB Seguridade Participacoes SA                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |     26300 | NS      | $164256.09    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| VTech Holdings Ltd             | VTech Holdings Ltd                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | HK        |     95200 | NS      | $767036.54    | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Bladex                         | Banco Latinoamericano de Comercio Exterior SA      | CUSIP: 000000000<br>LEI: 549300CN3134K4LC0651 | Long             | EC               | CORP              | PA        |      3756 | NS      | $172663.32    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Banca Mediolanum SpA           | Banca Mediolanum SpA                               | CUSIP: 000000000<br>LEI: 7LVZJ6XRIE7VNZ4UBX81 | Long             | EC               | CORP              | IT        |     60468 | NS      | $1210421.36   | 2.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Centerra Gold Inc              | Centerra Gold Inc                                  | CUSIP: 152006102<br>LEI: 549300K0HXTMP5JJ0E62 | Long             | EC               | CORP              | CA        |     51586 | NS      | $552667.43    | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Bankinter SA                   | Bankinter SA                                       | CUSIP: 000000000<br>LEI: VWMYAEQSTOPNV0SUGU82 | Long             | EC               | CORP              | ES        |     66709 | NS      | $1049875.60   | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Nedbank Group Ltd              | Nedbank Group Ltd                                  | CUSIP: 000000000<br>LEI: 3789009E42FA3CB31065 | Long             | EC               | CORP              | ZA        |     14247 | NS      | $176128.23    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Takashimaya Co Ltd             | Takashimaya Co Ltd                                 | CUSIP: 000000000<br>LEI: 353800IFO566STDN4V78 | Long             | EC               | CORP              | JP        |     43700 | NS      | $500872.30    | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Banca Monte dei Paschi di Sien | Banca Monte dei Paschi di Siena SpA                | CUSIP: 000000000<br>LEI: J4CP7MHCXR8DAQMKIL78 | Long             | EC               | CORP              | IT        |     27290 | NS      | $241580.28    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Italgas SpA                    | Italgas SpA                                        | CUSIP: 000000000<br>LEI: 815600F25FF44EF1FA76 | Long             | EC               | CORP              | IT        |     19248 | NS      | $177056.23    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Qantas Airways Ltd             | Qantas Airways Ltd                                 | CUSIP: 000000000<br>LEI: YLXNW6TI6QSK1H8H0N82 | Long             | EC               | CORP              | AU        |     30581 | NS      | $220971.09    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| United Arrows Ltd              | United Arrows Ltd                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     11600 | NS      | $164173.51    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Deterra Royalties Ltd          | Deterra Royalties Ltd                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |     92569 | NS      | $243786.57    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Alm Brand A/S                  | Alm Brand A/S                                      | CUSIP: 000000000<br>LEI: 549300H4TGLJVZ6VTA48 | Long             | EC               | CORP              | DK        |    118101 | NS      | $329521.12    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Betsson AB                     | Betsson AB                                         | CUSIP: 000000000<br>LEI: 549300W61XW8OFGBG077 | Long             | EC               | CORP              | SE        |     15303 | NS      | $252438.38    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| HD Hyundai Co Ltd              | HD Hyundai Co Ltd                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      9595 | NS      | $1062729.77   | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Swissquote Group Holding SA    | Swissquote Group Holding SA                        | CUSIP: 000000000<br>LEI: 549300O3WME82RDPEN66 | Long             | EC               | CORP              | CH        |       291 | NS      | $203065.76    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| COPASA                         | Cia de Saneamento de Minas Gerais Copasa MG        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |     90000 | NS      | $583568.98    | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| First Pacific Co Ltd           | First Pacific Co Ltd                               | CUSIP: 000000000<br>LEI: 254900VS1MDQSDM9DE09 | Long             | EC               | CORP              | HK        |    322000 | NS      | $270197.06    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Phoenix Financial Ltd          | Phoenix Financial Ltd                              | CUSIP: 000000000<br>LEI: 254900IUA68QTCFYHE30 | Long             | EC               | CORP              | IL        |      4596 | NS      | $172062.07    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Mears Group PLC                | Mears Group PLC                                    | CUSIP: 000000000<br>LEI: 213800DHCALLH8IRJV57 | Long             | EC               | CORP              | GB        |     75981 | NS      | $326997.91    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| NCC AB                         | NCC AB                                             | CUSIP: 000000000<br>LEI: 213800WRGLW3CY4MHW53 | Long             | EC               | CORP              | SE        |     18372 | NS      | $421909.67    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Kanamoto Co Ltd                | Kanamoto Co Ltd                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     18200 | NS      | $443046.96    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| and ST HD Co Ltd               | and ST HD Co Ltd                                   | CUSIP: 000000000<br>LEI: 353800DZZIJ399PIWU03 | Long             | EC               | CORP              | JP        |     15800 | NS      | $320305.64    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola HBC AG               | Coca-Cola HBC AG                                   | CUSIP: 000000000<br>LEI: 549300EFP3TNG7JGVE49 | Long             | EC               | CORP              | CH        |     18778 | NS      | $884918.81    | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| ASPEED Technology Inc          | ASPEED Technology Inc                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |      2000 | NS      | $331386.57    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| SSR Mining Inc                 | SSR Mining Inc                                     | CUSIP: 784730103<br>LEI: 549300JD2KR7AB9DYJ38 | Long             | EC               | CORP              | US        |     51076 | NS      | $1247080.89   | 2.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Van Lanschot Kempen NV         | Van Lanschot Kempen NV                             | CUSIP: 000000000<br>LEI: 724500D8WOYCL1BUCB80 | Long             | EC               | CORP              | NL        |      2724 | NS      | $162144.29    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Zhejiang NHU Co Ltd            | Zhejiang NHU Co Ltd                                | CUSIP: 000000000<br>LEI: 655600NJSJADB39G3P54 | Long             | EC               | CORP              | CN        |    275300 | NS      | $921604.98    | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Proximus SADP                  | Proximus SADP                                      | CUSIP: 000000000<br>LEI: 549300CWRXC5EP004533 | Long             | EC               | CORP              | BE        |     22041 | NS      | $192526.64    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| MONY Group PLC                 | MONY Group PLC                                     | CUSIP: 000000000<br>LEI: 54930016B7VO33FBE722 | Long             | EC               | CORP              | GB        |     88306 | NS      | $235387.75    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| TES Co Ltd/Korea               | TES Co Ltd/Korea                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      9283 | NS      | $285824.17    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Parex Resources Inc            | Parex Resources Inc                                | CUSIP: 69946Q104<br>LEI: 549300U7LWRGTY6XWK67 | Long             | EC               | CORP              | CA        |     21911 | NS      | $286384.34    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Yangzijiang Shipbuilding Holdi | Yangzijiang Shipbuilding Holdings Ltd              | CUSIP: 000000000<br>LEI: 254900Z3JEM14YIGLM66 | Long             | EC               | CORP              | CN        |    366100 | NS      | $956437.85    | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED LAB                     | United Laboratories International Holdings Ltd/The | CUSIP: 000000000<br>LEI: 2549007JL3XIH77JXN70 | Long             | EC               | CORP              | HK        |     94000 | NS      | $181430.10    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| CONSUN PHARMA                  | Consun Pharmaceutical Group Ltd                    | CUSIP: 000000000<br>LEI: 300300LQFLNDZZHCNN43 | Long             | EC               | CORP              | CN        |    162000 | NS      | $355561.27    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Taiheiyo Cement Corp           | Taiheiyo Cement Corp                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      6000 | NS      | $155999.59    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Magyar Telekom Telecommunicati | Magyar Telekom Telecommunications PLC              | CUSIP: 000000000<br>LEI: 529900CA1YDA41X76751 | Long             | EC               | CORP              | HU        |     75242 | NS      | $401824.02    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Osaka Organic Chemical Industr | Osaka Organic Chemical Industry Ltd                | CUSIP: 000000000<br>LEI: 353800BMJFOXMOVADX91 | Long             | EC               | CORP              | JP        |     26100 | NS      | $550644.08    | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| First Resources Ltd            | First Resources Ltd                                | CUSIP: 000000000<br>LEI: 5493007RRD817HUP4O49 | Long             | EC               | CORP              | SG        |    159100 | NS      | $207208.03    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitie Group PLC                | Mitie Group PLC                                    | CUSIP: 000000000<br>LEI: 213800MTCLTKEHWZMJ03 | Long             | EC               | CORP              | GB        |    296005 | NS      | $554151.20    | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| JAPEX                          | Japan Petroleum Exploration Co Ltd                 | CUSIP: 000000000<br>LEI: 549300WXUNBZ356DMN17 | Long             | EC               | CORP              | JP        |     33500 | NS      | $293352.94    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| A2A SpA                        | A2A SpA                                            | CUSIP: 000000000<br>LEI: 81560076E3944316DB24 | Long             | EC               | CORP              | IT        |    328576 | NS      | $859097.88    | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Hyosung Corp                   | Hyosung Corp                                       | CUSIP: 000000000<br>LEI: 549300I0RPK0L4R21F76 | Long             | EC               | CORP              | KR        |      5048 | NS      | $305459.68    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Storebrand ASA                 | Storebrand ASA                                     | CUSIP: 000000000<br>LEI: 5967007LIEEXZX7NA051 | Long             | EC               | CORP              | NO        |     15769 | NS      | $240495.99    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| ASROCK Inc                     | ASROCK Inc                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     22000 | NS      | $201752.08    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Webuild SpA                    | Webuild SpA                                        | CUSIP: 000000000<br>LEI: 549300UKR289DF4UXQ47 | Long             | EC               | CORP              | IT        |     57547 | NS      | $238902.96    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Telkom SA SOC Ltd              | Telkom SA SOC Ltd                                  | CUSIP: 000000000<br>LEI: 529900GES0BUVJEDKF90 | Long             | EC               | CORP              | ZA        |     49176 | NS      | $145705.61    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| iA Financial Corp Inc          | iA Financial Corp Inc                              | CUSIP: 45075E104<br>LEI: 549300ZXLJVHQAIXV215 | Long             | EC               | CORP              | CA        |      4895 | NS      | $556539.38    | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Keller Group PLC               | Keller Group PLC                                   | CUSIP: 000000000<br>LEI: 549300QO4MBL43UHSN10 | Long             | EC               | CORP              | GB        |     23209 | NS      | $470703.86    | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| NIPPON REIT Investment Corp    | NIPPON REIT Investment Corp                        | CUSIP: 000000000<br>LEI: 3538004O49OJ90PEXX85 | Long             | EC               | CORP              | JP        |       249 | NS      | $162986.10    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| International Games System Co  | International Games System Co Ltd                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |      9000 | NS      | $232397.14    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| 77 Bank Ltd/The                | 77 Bank Ltd/The                                    | CUSIP: 000000000<br>LEI: 549300U6CT3EHB9XS980 | Long             | EC               | CORP              | JP        |     10000 | NS      | $417959.90    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Anycolor Inc                   | Anycolor Inc                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     15400 | NS      | $586279.88    | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| OSB Group PLC                  | OSB Group PLC                                      | CUSIP: 000000000<br>LEI: 213800ZBKL9BHSL2K459 | Long             | EC               | CORP              | GB        |     20319 | NS      | $155080.86    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Parkin Co PJSC                 | Parkin Co PJSC                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | AE        |    349786 | NS      | $523767.17    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Chemtrade Logistics Income Fun | Chemtrade Logistics Income Fund                    | CUSIP: 16387P103<br>LEI: 254900UOUPEC6HRUR935 | Long             | EC               | CORP              | CA        |     28518 | NS      | $275405.56    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Posiflex Technology Inc        | Posiflex Technology Inc                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     40000 | NS      | $300544.66    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Kardex Holding AG              | Kardex Holding AG                                  | CUSIP: 000000000<br>LEI: 529900JKKMQ07D6QZ480 | Long             | EC               | CORP              | CH        |       387 | NS      | $150220.46    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Tadano Ltd                     | Tadano Ltd                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     19500 | NS      | $137726.95    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Drax Group PLC                 | Drax Group PLC                                     | CUSIP: 000000000<br>LEI: 549300YPSNTXR4ZHSR98 | Long             | EC               | CORP              | GB        |    115788 | NS      | $1089284.35   | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Friedrich Vorwerk Group SE     | Friedrich Vorwerk Group SE                         | CUSIP: 000000000<br>LEI: 529900NBM89YAM5ENI18 | Long             | EC               | CORP              | DE        |      4446 | NS      | $427503.77    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Shibaura Mechatronics Corp     | Shibaura Mechatronics Corp                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      7400 | NS      | $654508.57    | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| MEITEC Group Holdings Inc      | MEITEC Group Holdings Inc                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      6400 | NS      | $138139.77    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Hera SpA                       | Hera SpA                                           | CUSIP: 000000000<br>LEI: 8156009414FD99443B48 | Long             | EC               | CORP              | IT        |    131430 | NS      | $590989.65    | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Jio Financial Services Ltd     | Jio Financial Services Ltd                         | CUSIP: 000000000<br>LEI: 3358003O268Q1OGBQR42 | Long             | EC               | CORP              | IN        |     45412 | NS      | $149960.42    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Taichung Commercial Bank Co Lt | Taichung Commercial Bank Co Ltd                    | CUSIP: 000000000<br>LEI: 549300VNYOLU68FQNE06 | Long             | EC               | CORP              | TW        |    379234 | NS      | $282453.30    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Richter Gedeon Nyrt            | Richter Gedeon Nyrt                                | CUSIP: 000000000<br>LEI: 549300J6ZJW5IH4WEE46 | Long             | EC               | CORP              | HU        |     10649 | NS      | $324102.16    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| SPC Samlip Co Ltd              | SPC Samlip Co Ltd                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      1578 | NS      | $59158.83     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| JB Hi-Fi Ltd                   | JB Hi-Fi Ltd                                       | CUSIP: 000000000<br>LEI: 529900TPC8H040Y3ZQ65 | Long             | EC               | CORP              | AU        |     11811 | NS      | $906579.29    | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Tiger Brands Ltd               | Tiger Brands Ltd                                   | CUSIP: 000000000<br>LEI: 529900C57HAFZAHHBC90 | Long             | EC               | CORP              | ZA        |     11846 | NS      | $211787.55    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| KAWADA TECHNOLOGIES Inc        | KAWADA TECHNOLOGIES Inc                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     14500 | NS      | $389745.41    | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Weibo Corp                     | Weibo Corp                                         | CUSIP: 948596101<br>LEI: 549300Q9ID4640FE0422 | Long             | EC               | CORP              | CN        |     30390 | NS      | $376836.00    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Aneka Tambang Tbk              | Aneka Tambang Tbk                                  | CUSIP: 000000000<br>LEI: 529900LRE2NALSSHMB80 | Long             | EC               | CORP              | ID        |   1178100 | NS      | $223390.10    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| SITC International Holdings Co | SITC International Holdings Co Ltd                 | CUSIP: 000000000<br>LEI: 529900JUV4MOM9CE3V12 | Long             | EC               | CORP              | HK        |    313000 | NS      | $1205029.59   | 2.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Lion Finance Group PLC         | Lion Finance Group PLC                             | CUSIP: 000000000<br>LEI: 213800XKDG12NQG8VC53 | Long             | EC               | CORP              | GB        |      9502 | NS      | $977611.84    | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Gillette India Ltd             | Gillette India Ltd                                 | CUSIP: 000000000<br>LEI: 3358002S2XZDSQKDGX30 | Long             | EC               | CORP              | IN        |      5019 | NS      | $535880.05    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Seiko Group Corp               | Seiko Group Corp                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     17700 | NS      | $782756.87    | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Fusheng Precision Co Ltd       | Fusheng Precision Co Ltd                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     22000 | NS      | $188398.19    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Clas Ohlson AB                 | Clas Ohlson AB                                     | CUSIP: 000000000<br>LEI: 549300MH8OETHBBKJU80 | Long             | EC               | CORP              | SE        |     13850 | NS      | $543737.25    | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| DTS Corp                       | DTS Corp                                           | CUSIP: 000000000<br>LEI: 529900WBOTPBINBCF151 | Long             | EC               | CORP              | JP        |     34800 | NS      | $308266.56    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Hanwa Co Ltd                   | Hanwa Co Ltd                                       | CUSIP: 000000000<br>LEI: 8EUP1TJYZFX3T1E5AJ33 | Long             | EC               | CORP              | JP        |     19200 | NS      | $817932.85    | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Cury Construtora e Incorporado | Cury Construtora e Incorporadora SA                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |     50700 | NS      | $329315.42    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Santam Ltd                     | Santam Ltd                                         | CUSIP: 000000000<br>LEI: 37890092DC55C7D94B35 | Long             | EC               | CORP              | ZA        |     15446 | NS      | $337969.57    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| TRE Holdings Corp              | TRE Holdings Corp                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     81600 | NS      | $858018.05    | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Talanx AG                      | Talanx AG                                          | CUSIP: 000000000<br>LEI: 5299006ZIILJ6VJVSJ32 | Long             | EC               | CORP              | DE        |      5159 | NS      | $685643.79    | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| NH Investment & Securities Co  | NH Investment & Securities Co Ltd                  | CUSIP: 000000000<br>LEI: 549300LQ6NXDW1B8NT42 | Long             | EC               | CORP              | KR        |      8637 | NS      | $119547.09    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| ST Engineering                 | Singapore Technologies Engineering Ltd             | CUSIP: 000000000<br>LEI: 254900OEXGGWCR24DG90 | Long             | EC               | CORP              | SG        |     89000 | NS      | $594046.28    | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| JB Financial Group Co Ltd      | JB Financial Group Co Ltd                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      7548 | NS      | $123464.31    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Logista Integral SA            | Logista Integral SA                                | CUSIP: 000000000<br>LEI: 9598000ANNAL42UJ7X28 | Long             | EC               | CORP              | ES        |     12146 | NS      | $412114.33    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| B&M European Value Retail SA   | B&M European Value Retail SA                       | CUSIP: 000000000<br>LEI: 213800UK7ZRLY2K1X530 | Long             | EC               | CORP              | GB        |     41492 | NS      | $146035.38    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Kanematsu Corp                 | Kanematsu Corp                                     | CUSIP: 000000000<br>LEI: 353800N574WR0FX80I71 | Long             | EC               | CORP              | JP        |     14500 | NS      | $305521.18    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Firstgroup PLC                 | Firstgroup PLC                                     | CUSIP: 000000000<br>LEI: 549300DEJZCPWA4HKM93 | Long             | EC               | CORP              | GB        |     57596 | NS      | $174751.70    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| UTI Asset Management Co Ltd    | UTI Asset Management Co Ltd                        | CUSIP: 000000000<br>LEI: 335800IDIB9I5HRFZP97 | Long             | EC               | CORP              | IN        |     21156 | NS      | $310732.38    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| GE Vernova T&D India Ltd       | GE Vernova T&D India Ltd                           | CUSIP: 000000000<br>LEI: 549300NMRD6VZDFLN355 | Long             | EC               | CORP              | IN        |      5517 | NS      | $183954.37    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Fufeng Group Ltd               | Fufeng Group Ltd                                   | CUSIP: 000000000<br>LEI: 549300OQ91X6COVM4483 | Long             | EC               | CORP              | CN        |    207000 | NS      | $233016.15    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| United Tractors Tbk PT         | United Tractors Tbk PT                             | CUSIP: 000000000<br>LEI: 529900N9ELYOWQV4FW14 | Long             | EC               | CORP              | ID        |    103500 | NS      | $166289.38    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Sanwa Holdings Corp            | Sanwa Holdings Corp                                | CUSIP: 000000000<br>LEI: 5299003X6BCA4ROO5A70 | Long             | EC               | CORP              | JP        |     16900 | NS      | $484081.55    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Cibest SA                | Grupo Cibest SA                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | CO        |     25275 | NS      | $329181.14    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Wiwynn Corp                    | Wiwynn Corp                                        | CUSIP: 000000000<br>LEI: 254900FV2R15PMKXFL69 | Long             | EC               | CORP              | TW        |      2000 | NS      | $217533.96    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Ramelius Resources Ltd         | Ramelius Resources Ltd                             | CUSIP: 000000000<br>LEI: 254900E44AIGW7KKNR98 | Long             | EC               | CORP              | AU        |    251351 | NS      | $645317.55    | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Global Mixed Mode Technology I | Global Mixed Mode Technology Inc                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     25000 | NS      | $191531.60    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Embotelladora Andina SA        | Embotelladora Andina SA                            | CUSIP: 000000000<br>LEI: 254900NNPKP1J9XTSA53 | Long             | EP               | CORP              | CL        |    184463 | NS      | $726777.66    | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| ABN AMRO Bank NV               | ABN AMRO Bank NV                                   | CUSIP: 000000000<br>LEI: BFXS5XCH7N0Y05NIXW11 | Long             | EC               | CORP              | NL        |     15868 | NS      | $507662.74    | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Finning International Inc      | Finning International Inc                          | CUSIP: 318071404<br>LEI: 549300QLDCP11KB6XW55 | Long             | EC               | CORP              | CA        |      6550 | NS      | $304273.55    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Zehnder Group AG               | Zehnder Group AG                                   | CUSIP: 000000000<br>LEI: 8945000LUWFSSFRPU761 | Long             | EC               | CORP              | CH        |      1461 | NS      | $125718.86    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Shimizu Corp                   | Shimizu Corp                                       | CUSIP: 000000000<br>LEI: 353800BRAE0QFP3ZLY22 | Long             | EC               | CORP              | JP        |     20700 | NS      | $291075.16    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Uchida Yoko Co Ltd             | Uchida Yoko Co Ltd                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      2200 | NS      | $179558.44    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-24

**Name of Applicant:** Virtus Strategy Trust

**Signature:** Amy Hackett

**Name of Signer:** Amy Hackett

**Title:** Vice President and Assistant Treasurer