# EDGAR Filing Document

**Accession Number:** 0001383441
**File Stem:** 0000940400-25-014224
**Filing Date:** 2025-12
**Character Count:** 117138
**Document Hash:** 9dbb7ec57b5526e5599f48ed60d3e3dc
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-25-014224.hdr.sgml**: 20251223

**ACCESSION NUMBER**: 0000940400-25-014224

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20251223

**DATE AS OF CHANGE**: 20251223

**PERIOD START**: 20260131

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21989
- **FILM NUMBER:** 251597831

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

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

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

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

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

## Nport-Ex

**VIRTUS Equity & Convertible Income Fund**

**SCHEDULE OF INVESTMENTS (Unaudited)**

**October 31, 2025**

($ reported in thousands)

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

---

| | | |
|:---|:---|:---|
|  | **Par Value** | **Value** |
| **Convertible Bonds and Notes—32.2%** | **Convertible Bonds and Notes—32.2%** | **Convertible Bonds and Notes—32.2%** |
| **Aerospace & Defense—0.8%** | **Aerospace & Defense—0.8%** |  |
| &nbsp;&nbsp;&nbsp; AeroVironment, Inc. <br>0.000%, 7/15/30<br>| $2075 | &nbsp;&nbsp; $2898 |
| &nbsp;&nbsp;&nbsp; Intuitive Machines, Inc. 144A <br>2.500%, 10/1/30<sup>(1)</sup> <br>| 1300 | &nbsp;&nbsp; 1556 |
| &nbsp;&nbsp;&nbsp; Rocket Lab USA, Inc. 144A <br>4.250%, 2/1/29<sup>(1)</sup> <br>| 170 | &nbsp;&nbsp; 2085 |
|  |  | &nbsp;&nbsp; 6539 |
| **Auto Manufacturers—0.3%** | **Auto Manufacturers—0.3%** |  |
| &nbsp;&nbsp;&nbsp; Rivian Automotive, Inc. <br>4.625%, 3/15/29<br>| 2425 | &nbsp;&nbsp; 2389 |
| **Automotive Parts & Equipment—0.2%** | **Automotive Parts & Equipment—0.2%** |  |
| &nbsp;&nbsp;&nbsp; indie Semiconductor, Inc. 144A <br>4.500%, 11/15/27<sup>(1)</sup> <br>| 1090 | &nbsp;&nbsp; 1199 |
| **Biotechnology—2.0%** | **Biotechnology—2.0%** |  |
| Alnylam Pharmaceuticals, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>1.000%, 9/15/27 | 2165 | &nbsp;&nbsp; 3561 |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 0.000%, 9/15/28<sup>(1)</sup> <br>| 730 | &nbsp;&nbsp; 729 |
| Bridgebio Pharma, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>2.500%, 3/15/27 | 1435 | &nbsp;&nbsp; 2312 |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 1.750%, 3/1/31<sup>(1)</sup> <br>| 1030 | &nbsp;&nbsp; 1556 |
| &nbsp;&nbsp;&nbsp; Celcuity, Inc. <br>2.750%, 8/1/31<br>| 515 | &nbsp;&nbsp; 926 |
| &nbsp;&nbsp;&nbsp; Cytokinetics, Inc. 144A <br>1.750%, 10/1/31<sup>(1)</sup> <br>| 1780 | &nbsp;&nbsp; 2205 |
| &nbsp;&nbsp;&nbsp; Ionis Pharmaceuticals, Inc. <br>1.750%, 6/15/28<br>| 1670 | &nbsp;&nbsp; 2542 |
| &nbsp;&nbsp;&nbsp; Ligand Pharmaceuticals, Inc. 144A <br>0.750%, 10/1/30<sup>(1)</sup> <br>| 2040 | &nbsp;&nbsp; 2390 |
|  |  | &nbsp;&nbsp; 16221 |
| **Commercial Services—0.4%** | **Commercial Services—0.4%** |  |
| &nbsp;&nbsp;&nbsp; Affirm Holdings, Inc. 144A <br>0.750%, 12/15/29<sup>(1)</sup> <br>| 1790 | &nbsp;&nbsp; 1943 |
| &nbsp;&nbsp;&nbsp; Shift4 Payments, Inc. <br>0.500%, 8/1/27<br>| 1390 | &nbsp;&nbsp; 1366 |
|  |  | &nbsp;&nbsp; 3309 |
| **Computers—3.7%** | **Computers—3.7%** |  |
| &nbsp;&nbsp;&nbsp; CyberArk Software Ltd. 144A <br>0.000%, 6/15/30<sup>(1)</sup> <br>| 3200 | &nbsp;&nbsp; 3731 |
| &nbsp;&nbsp;&nbsp; Lumentum Holdings, Inc. 144A <br>0.375%, 3/15/32<sup>(1)</sup> <br>| 4970 | &nbsp;&nbsp; 6585 |
| &nbsp;&nbsp;&nbsp; Parsons Corp. <br>2.625%, 3/1/29<br>| 2485 | &nbsp;&nbsp; 2836 |
| &nbsp;&nbsp;&nbsp; Seagate HDD Cayman <br>3.500%, 6/1/28<br>| 1175 | &nbsp;&nbsp; 3678 |
| &nbsp;&nbsp;&nbsp; Super Micro Computer, Inc. <br>3.500%, 3/1/29<br>| 2115 | &nbsp;&nbsp; 2250 |
| &nbsp;&nbsp;&nbsp; Western Digital Corp. <br>3.000%, 11/15/28<br>| 1875 | &nbsp;&nbsp; 7510 |
| &nbsp;&nbsp;&nbsp; Zscaler, Inc. 144A <br>0.000%, 7/15/28<sup>(1)(2)</sup> <br>| 2295 | &nbsp;&nbsp; 2367 |
|  |  | &nbsp;&nbsp; 28957 |

---

---

| | | |
|:---|:---|:---|
|  | **Par Value** | **Value** |
| **Diversified REITs—0.4%** | **Diversified REITs—0.4%** |  |
| &nbsp;&nbsp;&nbsp; Digital Realty Trust LP 144A <br>1.875%, 11/15/29<sup>(1)</sup> <br>| $2990 | &nbsp;&nbsp; $3154 |
| **Electric Utilities—1.6%** | **Electric Utilities—1.6%** |  |
| &nbsp;&nbsp;&nbsp; NextEra Energy Capital Holdings, Inc. <br>3.000%, 3/1/27<br>| 3480 | &nbsp;&nbsp; 4357 |
| &nbsp;&nbsp;&nbsp; Southern Co. (The) 144A <br>3.250%, 6/15/28<sup>(1)</sup> <br>| 4845 | &nbsp;&nbsp; 4930 |
| &nbsp;&nbsp;&nbsp; WEC Energy Group, Inc. 144A <br>3.375%, 6/1/28<sup>(1)</sup> <br>| 3390 | &nbsp;&nbsp; 3493 |
|  |  | &nbsp;&nbsp; 12780 |
| **Electronics—0.7%** | **Electronics—0.7%** |  |
| &nbsp;&nbsp;&nbsp; Mirion Technologies, Inc. 144A <br>0.250%, 6/1/30<sup>(1)</sup> <br>| 2110 | &nbsp;&nbsp; 3039 |
| &nbsp;&nbsp;&nbsp; OSI Systems, Inc. <br>2.250%, 8/1/29<br>| 1825 | &nbsp;&nbsp; 2874 |
|  |  | &nbsp;&nbsp; 5913 |
| **Engineering & Construction—0.3%** | **Engineering & Construction—0.3%** |  |
| &nbsp;&nbsp;&nbsp; Granite Construction, Inc. <br>3.250%, 6/15/30<br>| 1865 | &nbsp;&nbsp; 2717 |
| **Entertainment—1.1%** | **Entertainment—1.1%** |  |
| &nbsp;&nbsp;&nbsp; IMAX Corp. <br>0.500%, 4/1/26<br>| 1995 | &nbsp;&nbsp; 2335 |
| &nbsp;&nbsp;&nbsp; Live Nation Entertainment, Inc. 144A <br>2.875%, 1/15/30<sup>(1)</sup> <br>| 5680 | &nbsp;&nbsp; 6032 |
|  |  | &nbsp;&nbsp; 8367 |
| **Financial Services—1.8%** | **Financial Services—1.8%** |  |
| Coinbase Global, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>0.500%, 6/1/26 | 4240 | &nbsp;&nbsp; 4758 |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 0.000%, 10/1/29<sup>(1)</sup> <br>| 2300 | &nbsp;&nbsp; 2486 |
| &nbsp;&nbsp;&nbsp; Galaxy Digital Holdings LP 144A <br>0.500%, 5/1/31<sup>(1)</sup> <br>| 1965 | &nbsp;&nbsp; 1938 |
| &nbsp;&nbsp;&nbsp; SoFi Technologies, Inc. 144A <br>0.000%, 10/15/26<sup>(1)</sup> <br>| 2860 | &nbsp;&nbsp; 4061 |
| &nbsp;&nbsp;&nbsp; WisdomTree, Inc. 144A <br>4.625%, 8/15/30<sup>(1)</sup> <br>| 1360 | &nbsp;&nbsp; 1390 |
|  |  | &nbsp;&nbsp; 14633 |
| **Health Care REITs—0.9%** | **Health Care REITs—0.9%** |  |
| &nbsp;&nbsp;&nbsp; Welltower OP LLC 144A <br>3.125%, 7/15/29<sup>(1)</sup> <br>| 4920 | &nbsp;&nbsp; 7299 |
| **Healthcare-Products—1.6%** | **Healthcare-Products—1.6%** |  |
| &nbsp;&nbsp;&nbsp; Alphatec Holdings, Inc. 144A <br>0.750%, 3/15/30<sup>(1)</sup> <br>| 2090 | &nbsp;&nbsp; 2982 |
| &nbsp;&nbsp;&nbsp; Exact Sciences Corp. 144A <br>1.750%, 4/15/31<sup>(1)</sup> <br>| 1640 | &nbsp;&nbsp; 1652 |
| &nbsp;&nbsp;&nbsp; Guardant Health, Inc. <br>1.250%, 2/15/31<br>| 2215 | &nbsp;&nbsp; 3777 |
| &nbsp;&nbsp;&nbsp; iRhythm Technologies, Inc. <br>1.500%, 9/1/29<br>| 1720 | &nbsp;&nbsp; 2495 |
| &nbsp;&nbsp;&nbsp; Repligen Corp. <br>1.000%, 12/15/28<br>| 1045 | &nbsp;&nbsp; 1107 |

---

See Notes to Schedule of Investments

------

**VIRTUS Equity & Convertible Income Fund**

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

**October 31, 2025**

($ reported in thousands)

---

| | | |
|:---|:---|:---|
|  | **Par Value** | **Value** |
| **Healthcare-Products—continued** | **Healthcare-Products—continued** |  |
| &nbsp;&nbsp;&nbsp; Tempus AI, Inc. 144A <br>0.750%, 7/15/30<sup>(1)</sup> <br>| $730 | &nbsp;&nbsp; $993 |
|  |  | &nbsp;&nbsp; 13006 |
| **Healthcare-Services—0.2%** | **Healthcare-Services—0.2%** |  |
| &nbsp;&nbsp;&nbsp; Oscar Health, Inc. 144A <br>2.250%, 9/1/30<sup>(1)</sup> <br>| 1370 | &nbsp;&nbsp; 1479 |
| **Home Builders—0.2%** | **Home Builders—0.2%** |  |
| &nbsp;&nbsp;&nbsp; Meritage Homes Corp. <br>1.750%, 5/15/28<br>| 1415 | &nbsp;&nbsp; 1409 |
| **Industrial REITs—0.3%** | **Industrial REITs—0.3%** |  |
| &nbsp;&nbsp;&nbsp; Rexford Industrial Realty LP 144A <br>4.375%, 3/15/27<sup>(1)</sup> <br>| 2145 | &nbsp;&nbsp; 2145 |
| **Internet—2.4%** | **Internet—2.4%** |  |
| &nbsp;&nbsp;&nbsp; Alibaba Group Holding Ltd. <br>0.500%, 6/1/31<br>| 1535 | &nbsp;&nbsp; 2714 |
| &nbsp;&nbsp;&nbsp; DoorDash, Inc. 144A <br>0.000%, 5/15/30<sup>(1)</sup> <br>| 2990 | &nbsp;&nbsp; 3301 |
| &nbsp;&nbsp;&nbsp; Opendoor Technologies, Inc. 144A <br>7.000%, 5/15/30<sup>(1)</sup> <br>| 125 | &nbsp;&nbsp; 638 |
| &nbsp;&nbsp;&nbsp; Spotify USA, Inc. <br>0.000%, 3/15/26<br>| 1495 | &nbsp;&nbsp; 1928 |
| &nbsp;&nbsp;&nbsp; Trip.com Group Ltd. <br>0.750%, 6/15/29<br>| 1660 | &nbsp;&nbsp; 2026 |
| Uber Technologies, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>0.000%, 12/15/25 | 3755 | &nbsp;&nbsp; 4467 |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>0.875%, 12/1/28 | 525 | &nbsp;&nbsp; 764 |
| &nbsp;&nbsp;&nbsp; Wayfair, Inc. <br>3.250%, 9/15/27<br>| 1880 | &nbsp;&nbsp; 3218 |
|  |  | &nbsp;&nbsp; 19056 |
| **Investment Companies—1.3%** | **Investment Companies—1.3%** |  |
| &nbsp;&nbsp;&nbsp; Cipher Mining, Inc. 144A <br>0.000%, 10/1/31<sup>(1)</sup> <br>| 2205 | &nbsp;&nbsp; 3115 |
| &nbsp;&nbsp;&nbsp; IREN Ltd. 144A <br>0.000%, 7/1/31<sup>(1)</sup> <br>| 2990 | &nbsp;&nbsp; 3148 |
| &nbsp;&nbsp;&nbsp; Riot Platforms, Inc. 144A <br>0.750%, 1/15/30<sup>(1)</sup> <br>| 1720 | &nbsp;&nbsp; 2676 |
| &nbsp;&nbsp;&nbsp; Terawulf, Inc. 144A <br>0.000%, 5/1/32<sup>(1)</sup> <br>| 1230 | &nbsp;&nbsp; 1272 |
|  |  | &nbsp;&nbsp; 10211 |
| **Leisure Time—0.7%** | **Leisure Time—0.7%** |  |
| &nbsp;&nbsp;&nbsp; Carnival Corp. <br>5.750%, 12/1/27<br>| 775 | &nbsp;&nbsp; 1725 |
| &nbsp;&nbsp;&nbsp; NCL Corp., Ltd. 144A <br>0.750%, 9/15/30<sup>(1)</sup> <br>| 3740 | &nbsp;&nbsp; 3586 |
|  |  | &nbsp;&nbsp; 5311 |
| **Machinery-Construction & Mining—1.3%** | **Machinery-Construction & Mining—1.3%** |  |
| Bloom Energy Corp. |  |  |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>3.000%, 6/1/29 | 1210 | &nbsp;&nbsp; 7765 |

---

---

| | | |
|:---|:---|:---|
|  | **Par Value** | **Value** |
| **Machinery-Construction & Mining—continued** | **Machinery-Construction & Mining—continued** |  |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 0.000%, 11/15/30<sup>(1)(3)</sup> <br>| $2570 | &nbsp;&nbsp; $2613 |
|  |  | &nbsp;&nbsp; 10378 |
| **Media—0.2%** | **Media—0.2%** |  |
| &nbsp;&nbsp;&nbsp; Liberty Media Corp.-Liberty Formula One <br>2.250%, 8/15/27<br>| 1095 | &nbsp;&nbsp; 1401 |
| **Metal Fabricate/Hardware—0.1%** | **Metal Fabricate/Hardware—0.1%** |  |
| &nbsp;&nbsp;&nbsp; Xometry, Inc. 144A <br>0.750%, 6/15/30<sup>(1)</sup> <br>| 880 | &nbsp;&nbsp; 1147 |
| **Mining—0.6%** | **Mining—0.6%** |  |
| &nbsp;&nbsp;&nbsp; Centrus Energy Corp. 144A <br>0.000%, 8/15/32<sup>(1)</sup> <br>| 1935 | &nbsp;&nbsp; 3438 |
| &nbsp;&nbsp;&nbsp; MP Materials Corp. 144A <br>3.000%, 3/1/30<sup>(1)</sup> <br>| 525 | &nbsp;&nbsp; 1587 |
|  |  | &nbsp;&nbsp; 5025 |
| **Miscellaneous Manufacturing—0.4%** | **Miscellaneous Manufacturing—0.4%** |  |
| &nbsp;&nbsp;&nbsp; Axon Enterprise, Inc. <br>0.500%, 12/15/27<br>| 435 | &nbsp;&nbsp; 1391 |
| &nbsp;&nbsp;&nbsp; JBT Marel Corp. 144A <br>0.375%, 9/15/30<sup>(1)</sup> <br>| 1735 | &nbsp;&nbsp; 1618 |
|  |  | &nbsp;&nbsp; 3009 |
| **Office REITs—0.2%** | **Office REITs—0.2%** |  |
| &nbsp;&nbsp;&nbsp; Boston Properties LP 144A <br>2.000%, 10/1/30<sup>(1)</sup> <br>| 1530 | &nbsp;&nbsp; 1497 |
| **Oil, Gas & Consumable Fuels—0.3%** | **Oil, Gas & Consumable Fuels—0.3%** |  |
| &nbsp;&nbsp;&nbsp; Solaris Energy Infrastructure, Inc. <br>0.250%, 10/1/31<br>| 1925 | &nbsp;&nbsp; 2289 |
| **Personal Care Product—0.2%** | **Personal Care Product—0.2%** |  |
| &nbsp;&nbsp;&nbsp; Oddity Finance LLC 144A <br>0.000%, 6/15/30<sup>(1)</sup> <br>| 1710 | &nbsp;&nbsp; 1509 |
| **Pharmaceuticals—0.3%** | **Pharmaceuticals—0.3%** |  |
| &nbsp;&nbsp;&nbsp; Jazz Investments I Ltd. <br>3.125%, 9/15/30<br>| 2085 | &nbsp;&nbsp; 2546 |
| **Retail—0.2%** | **Retail—0.2%** |  |
| &nbsp;&nbsp;&nbsp; Burlington Stores, Inc. <br>1.250%, 12/15/27<br>| 1265 | &nbsp;&nbsp; 1806 |
| **Semiconductors—2.2%** | **Semiconductors—2.2%** |  |
| &nbsp;&nbsp;&nbsp; Cohu, Inc. 144A <br>1.500%, 1/15/31<sup>(1)</sup> <br>| 1535 | &nbsp;&nbsp; 1733 |
| &nbsp;&nbsp;&nbsp; Impinj, Inc. 144A <br>0.000%, 9/15/29<sup>(1)</sup> <br>| 1315 | &nbsp;&nbsp; 1434 |
| &nbsp;&nbsp;&nbsp; MACOM Technology Solutions Holdings, Inc. 144A <br>0.000%, 12/15/29<sup>(1)(2)</sup> <br>| 2185 | &nbsp;&nbsp; 2421 |
| &nbsp;&nbsp;&nbsp; MKS, Inc. <br>1.250%, 6/1/30<br>| 1910 | &nbsp;&nbsp; 2292 |
| &nbsp;&nbsp;&nbsp; Nova Ltd. 144A <br>0.000%, 9/15/30<sup>(1)</sup> <br>| 1475 | &nbsp;&nbsp; 1888 |
| &nbsp;&nbsp;&nbsp; ON Semiconductor Corp. <br>0.000%, 5/1/27<br>| 945 | &nbsp;&nbsp; 1094 |

---

See Notes to Schedule of Investments

------

**VIRTUS Equity & Convertible Income Fund**

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

**October 31, 2025**

($ reported in thousands)

---

| | | |
|:---|:---|:---|
|  | **Par Value** | **Value** |
| **Semiconductors—continued** | **Semiconductors—continued** |  |
| &nbsp;&nbsp;&nbsp; Semtech Corp. 144A <br>0.000%, 10/15/30<sup>(1)</sup> <br>| $2500 | &nbsp;&nbsp; $2535 |
| &nbsp;&nbsp;&nbsp; Synaptics, Inc. 144A <br>0.750%, 12/1/31<sup>(1)</sup> <br>| 1515 | &nbsp;&nbsp; 1524 |
| &nbsp;&nbsp;&nbsp; Veeco Instruments, Inc. <br>2.875%, 6/1/29<br>| 1445 | &nbsp;&nbsp; 1794 |
| &nbsp;&nbsp;&nbsp; Wolfspeed, Inc. <br>2.500%, 6/15/31<br>| 146 | &nbsp;&nbsp; 317 |
|  |  | &nbsp;&nbsp; 17032 |
| **Software—3.8%** | **Software—3.8%** |  |
| &nbsp;&nbsp;&nbsp; Alignment Healthcare, Inc. 144A <br>4.250%, 11/15/29<sup>(1)</sup> <br>| 1435 | &nbsp;&nbsp; 1988 |
| &nbsp;&nbsp;&nbsp; Bitfarms Ltd. 144A <br>1.375%, 1/15/31<sup>(1)</sup> <br>| 185 | &nbsp;&nbsp; 168 |
| &nbsp;&nbsp;&nbsp; Cloudflare, Inc. <br>0.000%, 8/15/26<br>| 3650 | &nbsp;&nbsp; 5086 |
| &nbsp;&nbsp;&nbsp; Datadog, Inc. 144A <br>0.000%, 12/1/29<sup>(1)(2)</sup> <br>| 3755 | &nbsp;&nbsp; 3982 |
| &nbsp;&nbsp;&nbsp; Guidewire Software, Inc. 144A <br>1.250%, 11/1/29<sup>(1)</sup> <br>| 2280 | &nbsp;&nbsp; 2688 |
| &nbsp;&nbsp;&nbsp; Nebius Group N.V. 144A <br>1.000%, 9/15/30<sup>(1)</sup> <br>| 1280 | &nbsp;&nbsp; 1631 |
| &nbsp;&nbsp;&nbsp; Nutanix, Inc. 144A <br>0.500%, 12/15/29<sup>(1)</sup> <br>| 1960 | &nbsp;&nbsp; 2159 |
| &nbsp;&nbsp;&nbsp; Snowflake, Inc. <br>0.000%, 10/1/29<br>| 2750 | &nbsp;&nbsp; 5067 |
| Strategy, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 0.000%, 12/1/29<sup>(1)</sup> <br>| 4940 | &nbsp;&nbsp; 4298 |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 0.000%, 3/1/30<sup>(1)</sup> <br>| 1465 | &nbsp;&nbsp; 1443 |
| &nbsp;&nbsp;&nbsp; Unity Software, Inc. 144A <br>0.000%, 3/15/30<sup>(1)</sup> <br>| 1380 | &nbsp;&nbsp; 1796 |
|  |  | &nbsp;&nbsp; 30306 |
| **Telecommunications—1.2%** | **Telecommunications—1.2%** |  |
| &nbsp;&nbsp;&nbsp; AST SpaceMobile, Inc. 144A <br>2.000%, 1/15/36<sup>(1)</sup> <br>| 1820 | &nbsp;&nbsp; 1934 |
| &nbsp;&nbsp;&nbsp; GDS Holdings Ltd. 144A <br>2.250%, 6/1/32<sup>(1)</sup> <br>| 1220 | &nbsp;&nbsp; 1634 |
| &nbsp;&nbsp;&nbsp; InterDigital, Inc. <br>3.500%, 6/1/27<br>| 600 | &nbsp;&nbsp; 2812 |
| &nbsp;&nbsp;&nbsp; Viavi Solutions, Inc. 144A <br>0.625%, 3/1/31<sup>(1)</sup> <br>| 2020 | &nbsp;&nbsp; 2835 |
|  |  | &nbsp;&nbsp; 9215 |
| **Water Utilities—0.3%** | **Water Utilities—0.3%** |  |
| &nbsp;&nbsp;&nbsp; American Water Capital Corp. <br>3.625%, 6/15/26<br>| 2600 | &nbsp;&nbsp; 2590 |
| **Total Convertible Bonds and Notes** <br>**(Identified Cost $215,544)** | **Total Convertible Bonds and Notes** <br>**(Identified Cost $215,544)** | &nbsp;&nbsp; **255844** |

---

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

---

| | | |
|:---|:---|:---|
|  | **Shares** |  |
| **Convertible Preferred Stocks—4.1%** | **Convertible Preferred Stocks—4.1%** | **Convertible Preferred Stocks—4.1%** |
| **Aerospace & Defense—0.8%** | **Aerospace & Defense—0.8%** |  |
| Boeing Co. (The), 6.000% | 96740 | &nbsp;&nbsp; 6261 |
| **Banks—1.0%** | **Banks—1.0%** |  |
| Wells Fargo & Co. Series L, 7.500% | 6205 | &nbsp;&nbsp; 7677 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Capital Markets—0.5%** | **Capital Markets—0.5%** |  |
| Ares Management Corp. Series B, 6.750% | 32735 | &nbsp;&nbsp; $1548 |
| KKR & Co., Inc. Series D, 6.250% | 53730 | &nbsp;&nbsp; 2634 |
|  |  | &nbsp;&nbsp; 4182 |
| **Electric Utilities—0.5%** | **Electric Utilities—0.5%** |  |
| NextEra Energy, Inc., 7.299% | 14675 | &nbsp;&nbsp; 771 |
| PG&E Corp. Series A, 6.000% | 90125 | &nbsp;&nbsp; 3704 |
|  |  | &nbsp;&nbsp; 4475 |
| **Financial Services—0.1%** | **Financial Services—0.1%** |  |
| Shift4 Payments, Inc., 6.000% | 9410 | &nbsp;&nbsp; 804 |
| **Healthcare Providers & Services—0.4%** | **Healthcare Providers & Services—0.4%** |  |
| BrightSpring Health Services, Inc., 6.750% | 26175 | &nbsp;&nbsp; 2889 |
| **Semiconductors & Semiconductor Equipment—0.3%** | **Semiconductors & Semiconductor Equipment—0.3%** |  |
| Microchip Technology, Inc., 7.500% | 45770 | &nbsp;&nbsp; 2650 |
| **Software—0.1%** | **Software—0.1%** |  |
| Strategy, Inc., 8.000% | 7090 | &nbsp;&nbsp; 610 |
| **Technology Hardware, Storage & Peripherals—0.2%** | **Technology Hardware, Storage & Peripherals—0.2%** |  |
| Hewlett Packard Enterprise Co., 7.625% | 25165 | &nbsp;&nbsp; 1701 |
| **Trading Companies & Distributors—0.2%** | **Trading Companies & Distributors—0.2%** |  |
| QXO, Inc., 5.500% | 30300 | &nbsp;&nbsp; 1547 |
| **Total Convertible Preferred Stocks** <br>**(Identified Cost $30,983)** | **Total Convertible Preferred Stocks** <br>**(Identified Cost $30,983)** | &nbsp;&nbsp; **32796** |
| **Common Stocks—54.6%** | **Common Stocks—54.6%** | **Common Stocks—54.6%** |
| **Aerospace & Defense—0.7%** | **Aerospace & Defense—0.7%** |  |
| Axon Enterprise, Inc.<sup>(4)</sup> <br>| 2098 | &nbsp;&nbsp; 1536 |
| RTX Corp. | 23435 | &nbsp;&nbsp; 4183 |
|  |  | &nbsp;&nbsp; 5719 |
| **Automobiles—1.1%** | **Automobiles—1.1%** |  |
| Tesla, Inc.<sup>(4)(5)</sup> <br>| 19735 | &nbsp;&nbsp; 9010 |
| **Banks—2.2%** | **Banks—2.2%** |  |
| Citigroup, Inc. | 66360 | &nbsp;&nbsp; 6718 |
| JPMorgan Chase & Co.<sup>(5)</sup> <br>| 20040 | &nbsp;&nbsp; 6235 |
| Wells Fargo & Co. | 55230 | &nbsp;&nbsp; 4803 |
|  |  | &nbsp;&nbsp; 17756 |
| **Beverages—0.3%** | **Beverages—0.3%** |  |
| Coca-Cola Co. (The) | 33020 | &nbsp;&nbsp; 2275 |
| **Biotechnology—1.2%** | **Biotechnology—1.2%** |  |
| AbbVie, Inc. | 14809 | &nbsp;&nbsp; 3229 |
| Argenx SE ADR<sup>(4)</sup> <br>| 2930 | &nbsp;&nbsp; 2398 |
| Gilead Sciences, Inc. | 30480 | &nbsp;&nbsp; 3651 |
|  |  | &nbsp;&nbsp; 9278 |
| **Broadline Retail—3.3%** | **Broadline Retail—3.3%** |  |
| Amazon.com, Inc.<sup>(4)</sup> <br>| 107395 | &nbsp;&nbsp; 26228 |

---

See Notes to Schedule of Investments

------

**VIRTUS Equity & Convertible Income Fund**

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

**October 31, 2025**

($ reported in thousands)

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Capital Markets—1.7%** | **Capital Markets—1.7%** |  |
| Blackstone, Inc. | 7605 | &nbsp;&nbsp; $1115 |
| Charles Schwab Corp. (The)<sup>(5)</sup> <br>| 25115 | &nbsp;&nbsp; 2374 |
| Intercontinental Exchange, Inc. | 14775 | &nbsp;&nbsp; 2161 |
| Moody's Corp. | 8290 | &nbsp;&nbsp; 3982 |
| Morgan Stanley<sup>(5)</sup> <br>| 23435 | &nbsp;&nbsp; 3843 |
|  |  | &nbsp;&nbsp; 13475 |
| **Chemicals—0.6%** | **Chemicals—0.6%** |  |
| DuPont de Nemours, Inc. | 28972 | &nbsp;&nbsp; 2366 |
| Ecolab, Inc. | 8300 | &nbsp;&nbsp; 2128 |
|  |  | &nbsp;&nbsp; 4494 |
| **Commercial Services & Supplies—0.3%** | **Commercial Services & Supplies—0.3%** |  |
| Waste Management, Inc. | 11255 | &nbsp;&nbsp; 2248 |
| **Communications Equipment—1.0%** | **Communications Equipment—1.0%** |  |
| Cisco Systems, Inc. | 59510 | &nbsp;&nbsp; 4351 |
| Motorola Solutions, Inc. | 7770 | &nbsp;&nbsp; 3160 |
|  |  | &nbsp;&nbsp; 7511 |
| **Consumer Finance—0.5%** | **Consumer Finance—0.5%** |  |
| Capital One Financial Corp. | 16713 | &nbsp;&nbsp; 3677 |
| **Consumer Staples Distribution & Retail—1.0%** | **Consumer Staples Distribution & Retail—1.0%** |  |
| Walmart, Inc. | 81155 | &nbsp;&nbsp; 8211 |
| **Electric Utilities—0.5%** | **Electric Utilities—0.5%** |  |
| Constellation Energy Corp. | 11380 | &nbsp;&nbsp; 4290 |
| **Electrical Equipment—1.0%** | **Electrical Equipment—1.0%** |  |
| Eaton Corp. plc | 12725 | &nbsp;&nbsp; 4855 |
| Generac Holdings, Inc.<sup>(4)</sup> <br>| 2263 | &nbsp;&nbsp; 380 |
| Rockwell Automation, Inc. | 7825 | &nbsp;&nbsp; 2883 |
|  |  | &nbsp;&nbsp; 8118 |
| **Electronic Equipment, Instruments & Components—0.3%** | **Electronic Equipment, Instruments & Components—0.3%** |  |
| Amphenol Corp. Class A | 17750 | &nbsp;&nbsp; 2473 |
| **Entertainment—1.0%** | **Entertainment—1.0%** |  |
| Netflix, Inc.<sup>(4)(5)</sup> <br>| 3605 | &nbsp;&nbsp; 4033 |
| Take-Two Interactive Software, Inc.<sup>(4)</sup> <br>| 14388 | &nbsp;&nbsp; 3689 |
|  |  | &nbsp;&nbsp; 7722 |
| **Financial Services—1.2%** | **Financial Services—1.2%** |  |
| Mastercard, Inc. Class A | 17275 | &nbsp;&nbsp; 9536 |
| **Healthcare Equipment & Supplies—0.9%** | **Healthcare Equipment & Supplies—0.9%** |  |
| Boston Scientific Corp.<sup>(4)(5)</sup> <br>| 40070 | &nbsp;&nbsp; 4036 |
| Intuitive Surgical, Inc.<sup>(4)</sup> <br>| 5330 | &nbsp;&nbsp; 2848 |
|  |  | &nbsp;&nbsp; 6884 |
| **Healthcare Providers & Services—1.7%** | **Healthcare Providers & Services—1.7%** |  |
| Cardinal Health, Inc. | 22105 | &nbsp;&nbsp; 4217 |
| McKesson Corp. | 6930 | &nbsp;&nbsp; 5623 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Healthcare Providers & Services—continued** | **Healthcare Providers & Services—continued** |  |
| UnitedHealth Group, Inc. | 11170 | &nbsp;&nbsp; $3815 |
|  |  | &nbsp;&nbsp; 13655 |
| **Hotels, Restaurants & Leisure—0.3%** | **Hotels, Restaurants & Leisure—0.3%** |  |
| Carnival Corp.<sup>(4)</sup> <br>| 78030 | &nbsp;&nbsp; 2250 |
| **Industrial Conglomerates—1.1%** | **Industrial Conglomerates—1.1%** |  |
| 3M Co. | 22425 | &nbsp;&nbsp; 3734 |
| GE Aerospace<sup>(5)</sup> <br>| 17110 | &nbsp;&nbsp; 5286 |
|  |  | &nbsp;&nbsp; 9020 |
| **Insurance—0.3%** | **Insurance—0.3%** |  |
| Aon plc Class A | 7450 | &nbsp;&nbsp; 2538 |
| **Interactive Media & Services—5.4%** | **Interactive Media & Services—5.4%** |  |
| Alphabet, Inc. Class A<sup>(4)</sup> <br>| 72385 | &nbsp;&nbsp; 20354 |
| Alphabet, Inc. Class C | 25540 | &nbsp;&nbsp; 7198 |
| Meta Platforms, Inc. Class A | 23585 | &nbsp;&nbsp; 15291 |
|  |  | &nbsp;&nbsp; 42843 |
| **IT Services—0.2%** | **IT Services—0.2%** |  |
| International Business Machines Corp. | 3910 | &nbsp;&nbsp; 1202 |
| Shopify, Inc. Class A<sup>(4)</sup> <br>| 45 | &nbsp;&nbsp; 8 |
|  |  | &nbsp;&nbsp; 1210 |
| **Life Sciences Tools & Services—0.2%** | **Life Sciences Tools & Services—0.2%** |  |
| Danaher Corp. | 6490 | &nbsp;&nbsp; 1398 |
| **Machinery—1.7%** | **Machinery—1.7%** |  |
| Caterpillar, Inc. | 13685 | &nbsp;&nbsp; 7900 |
| Parker-Hannifin Corp. | 4390 | &nbsp;&nbsp; 3392 |
| Xylem, Inc. | 16240 | &nbsp;&nbsp; 2450 |
|  |  | &nbsp;&nbsp; 13742 |
| **Metals & Mining—0.3%** | **Metals & Mining—0.3%** |  |
| Freeport-McMoRan, Inc.<sup>(5)</sup> <br>| 64900 | &nbsp;&nbsp; 2706 |
| **Pharmaceuticals—0.5%** | **Pharmaceuticals—0.5%** |  |
| Eli Lilly & Co. | 4350 | &nbsp;&nbsp; 3753 |
| **Real Estate Management & Development—0.5%** | **Real Estate Management & Development—0.5%** |  |
| CBRE Group, Inc. Class A<sup>(4)</sup> <br>| 24295 | &nbsp;&nbsp; 3703 |
| **Semiconductors & Semiconductor Equipment—9.2%** | **Semiconductors & Semiconductor Equipment—9.2%** |  |
| Advanced Micro Devices, Inc.<sup>(4)</sup> <br>| 15120 | &nbsp;&nbsp; 3873 |
| Analog Devices, Inc. | 11875 | &nbsp;&nbsp; 2780 |
| Broadcom, Inc.<sup>(5)</sup> <br>| 41415 | &nbsp;&nbsp; 15308 |
| Lam Research Corp. | 16790 | &nbsp;&nbsp; 2644 |
| Micron Technology, Inc.<sup>(5)</sup> <br>| 18105 | &nbsp;&nbsp; 4051 |
| NVIDIA Corp. | 219878 | &nbsp;&nbsp; 44523 |
|  |  | &nbsp;&nbsp; 73179 |
| **Software—7.6%** | **Software—7.6%** |  |
| Atlassian Corp. Class A<sup>(4)</sup> <br>| 10840 | &nbsp;&nbsp; 1836 |
| Cadence Design Systems, Inc.<sup>(4)(5)</sup> <br>| 13440 | &nbsp;&nbsp; 4552 |
| Crowdstrike Holdings, Inc. Class A<sup>(4)</sup> <br>| 2445 | &nbsp;&nbsp; 1328 |

---

See Notes to Schedule of Investments

------

**VIRTUS Equity & Convertible Income Fund**

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

**October 31, 2025**

($ reported in thousands)

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Software—continued** | **Software—continued** |  |
| Intuit, Inc. | 3695 | &nbsp;&nbsp; $2467 |
| Microsoft Corp. | 79034 | &nbsp;&nbsp; 40924 |
| Oracle Corp.<sup>(5)</sup> <br>| 15048 | &nbsp;&nbsp; 3952 |
| Palantir Technologies, Inc. Class A<sup>(4)</sup> <br>| 14115 | &nbsp;&nbsp; 2830 |
| ServiceNow, Inc.<sup>(4)</sup> <br>| 2650 | &nbsp;&nbsp; 2436 |
|  |  | &nbsp;&nbsp; 60325 |
| **Specialized REITs—0.3%** | **Specialized REITs—0.3%** |  |
| Equinix, Inc. | 2860 | &nbsp;&nbsp; 2420 |
| **Specialty Retail—1.9%** | **Specialty Retail—1.9%** |  |
| Chewy, Inc. Class A<sup>(4)</sup> <br>| 60095 | &nbsp;&nbsp; 2026 |
| Home Depot, Inc. (The) | 13620 | &nbsp;&nbsp; 5170 |
| O'Reilly Automotive, Inc.<sup>(4)(5)</sup> <br>| 34230 | &nbsp;&nbsp; 3233 |
| TJX Cos., Inc. (The) | 34400 | &nbsp;&nbsp; 4821 |
|  |  | &nbsp;&nbsp; 15250 |
| **Technology Hardware, Storage & Peripherals—4.3%** | **Technology Hardware, Storage & Peripherals—4.3%** |  |
| Apple, Inc. | 126773 | &nbsp;&nbsp; 34276 |
| **Textiles, Apparel & Luxury Goods—0.3%** | **Textiles, Apparel & Luxury Goods—0.3%** |  |
| NIKE, Inc. Class B | 31580 | &nbsp;&nbsp; 2040 |
| **Total Common Stocks** <br>**(Identified Cost $364,636)** | **Total Common Stocks** <br>**(Identified Cost $364,636)** | &nbsp;&nbsp; **433213** |
| **Total Long-Term Investments—90.9%** <br>**(Identified Cost $611,163)** | **Total Long-Term Investments—90.9%** <br>**(Identified Cost $611,163)** | &nbsp;&nbsp; **721853** |
| **Short-Term Investment—6.5%** | **Short-Term Investment—6.5%** | **Short-Term Investment—6.5%** |
| **Money Market Mutual Fund—6.5%** | **Money Market Mutual Fund—6.5%** | **Money Market Mutual Fund—6.5%** |
| &nbsp;&nbsp;&nbsp; BlackRock Liquidity FedFund - Institutional Shares <br> (seven-day effective yield 3.982%)<sup>(6)</sup> <br>| 52009122 | &nbsp;&nbsp; 52009 |
| **Total Short-Term Investment** <br>**(Identified Cost $52,009)** | **Total Short-Term Investment** <br>**(Identified Cost $52,009)** | &nbsp;&nbsp; **52009** |
| **TOTAL INVESTMENTS, BEFORE WRITTEN OPTIONS**—**97.4%** <br>**(Identified Cost $663,172)** | **TOTAL INVESTMENTS, BEFORE WRITTEN OPTIONS**—**97.4%** <br>**(Identified Cost $663,172)** | &nbsp;&nbsp; **773862** |

---

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

---

| | |
|:---|:---|
| **Written Options—(0.0)%** | **Written Options—(0.0)%** |
| (See open written options schedule) |  |
| **Total Written Options** <br>**(Premiums Received $172)** | &nbsp;&nbsp; **(149)**<br>|
| **TOTAL INVESTMENTS, NET OF WRITTEN OPTIONS—97.4%** <br>**(Identified Cost $663,000)** | &nbsp;&nbsp; **$773713** |
| Other assets and liabilities, net—2.6% | &nbsp;&nbsp; 20285 |
| **NET ASSETS—100.0%** | &nbsp;&nbsp; **$793998** |

---

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

---

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

---

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

---

| | |
|:---|:---|
| **Footnote Legend:** | **Footnote Legend:** |
| <sup>(1)</sup> <br>| Security exempt from registration under Rule 144A of the Securities Act of 1933. <br> These securities may be resold in transactions exempt from registration, normally <br> to qualified institutional buyers. At October 31, 2025, these securities amounted to <br> a value of $142,655 or 18.0% of net assets.<br>|
| <sup>(2)</sup> <br>| Issued with a zero coupon. Income is recognized through the accretion of <br> discount.<br>|
| <sup>(3)</sup> <br>| The value of this security was determined using significant unobservable inputs <br> and is reported as a Level 3 security in the Fair Value Hierarchy table located after <br> the Schedule of Investments.<br>|
| <sup>(4)</sup> <br>| Non-income producing. |
| <sup>(5)</sup> <br>| All or a portion of the security is segregated as collateral for written options. The <br> value of securities segregated as collateral is $35,855.<br>|
| <sup>(6)</sup> <br>| Shares of this fund are publicly offered, and its prospectus and annual report are <br> publicly available.<br>|

---

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

---

| | |
|:---|:---|
| **Country Weightings**<sup>†</sup>  | **Country Weightings**<sup>†</sup>  |
| United States | 95<br> %<br>|
| Cayman Islands | 1 |
| Bermuda | 1 |
| Israel | 1 |
| Netherlands | 1 |
| Panama | 1 |
| Total | 100<br> %<br>|
| <sup>†</sup> % of total investments, net of written options, as of October 31, 2025. | <sup>†</sup> % of total investments, net of written options, as of October 31, 2025. |

---

See Notes to Schedule of Investments

------

**VIRTUS Equity & Convertible Income Fund**

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

**October 31, 2025**

($ reported in thousands)

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Open written options contracts as of October 31, 2025 were as follows:** | **Open written options contracts as of October 31, 2025 were as follows:** | **Open written options contracts as of October 31, 2025 were as follows:** | **Open written options contracts as of October 31, 2025 were as follows:** | **Open written options contracts as of October 31, 2025 were as follows:** | **Open written options contracts as of October 31, 2025 were as follows:** |
| **Description of Options** | &nbsp;&nbsp;&nbsp; **Number** <br> **of** <br>**Contracts**<br>| &nbsp;&nbsp; **Contract** <br>**Notional** <br>**Amount**<br>| &nbsp;&nbsp; **Strike** <br>**Price**<sup>(1)</sup> <br>| &nbsp;&nbsp; **Expiration** <br>**Date**<br>| **Value** |
| **Call Options**<sup>(2)</sup> |  |  |  |  |  |
| Boston Scientific Corp. | (200) | &nbsp;&nbsp;&nbsp;&nbsp; $(2220)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $111.00 | &nbsp;&nbsp;&nbsp;&nbsp; 11/21/25 | &nbsp;&nbsp;&nbsp;&nbsp; $(1) <br>|
| Broadcom, Inc. | (207) | &nbsp;&nbsp;&nbsp;&nbsp; (8797)<br>| &nbsp;&nbsp;&nbsp;&nbsp;425.00 | &nbsp;&nbsp;&nbsp;&nbsp; 11/21/25 | &nbsp;&nbsp;&nbsp;&nbsp; (54) <br>|
| Cadence Design Systems, Inc. | (67) | &nbsp;&nbsp;&nbsp;&nbsp; (2580)<br>| &nbsp;&nbsp;&nbsp;&nbsp;385.00 | &nbsp;&nbsp;&nbsp;&nbsp; 11/21/25 | &nbsp;&nbsp;&nbsp;&nbsp; (6) <br>|
| Charles Schwab Corp. (The) | (126) | &nbsp;&nbsp;&nbsp;&nbsp; (1323)<br>| &nbsp;&nbsp;&nbsp;&nbsp;105.00 | &nbsp;&nbsp;&nbsp;&nbsp; 11/21/25 | &nbsp;&nbsp;&nbsp;&nbsp; (2) <br>|
| Freeport-McMoRan, Inc. | (325) | &nbsp;&nbsp;&nbsp;&nbsp; (1560)<br>| &nbsp;&nbsp;&nbsp;&nbsp;48.00 | &nbsp;&nbsp;&nbsp;&nbsp; 11/21/25 | &nbsp;&nbsp;&nbsp;&nbsp; (8) <br>|
| GE Aerospace | (86) | &nbsp;&nbsp;&nbsp;&nbsp; (2967)<br>| &nbsp;&nbsp;&nbsp;&nbsp;345.00 | &nbsp;&nbsp;&nbsp;&nbsp; 11/21/25 | &nbsp;&nbsp;&nbsp;&nbsp; (5) <br>|
| JPMorgan Chase & Co. | (100) | &nbsp;&nbsp;&nbsp;&nbsp; (3350)<br>| &nbsp;&nbsp;&nbsp;&nbsp;335.00 | &nbsp;&nbsp;&nbsp;&nbsp; 11/21/25 | &nbsp;&nbsp;&nbsp;&nbsp; (8) <br>|
| Micron Technology, Inc. | (91) | &nbsp;&nbsp;&nbsp;&nbsp; (2639)<br>| &nbsp;&nbsp;&nbsp;&nbsp;290.00 | &nbsp;&nbsp;&nbsp;&nbsp; 11/21/25 | &nbsp;&nbsp;&nbsp;&nbsp; (11) <br>|
| Morgan Stanley | (164) | &nbsp;&nbsp;&nbsp;&nbsp; (2952)<br>| &nbsp;&nbsp;&nbsp;&nbsp;180.00 | &nbsp;&nbsp;&nbsp;&nbsp; 11/21/25 | &nbsp;&nbsp;&nbsp;&nbsp; (5) <br>|
| Netflix, Inc. | (18) | &nbsp;&nbsp;&nbsp;&nbsp; (2295)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1275.00 | &nbsp;&nbsp;&nbsp;&nbsp; 11/21/25 | &nbsp;&nbsp;&nbsp;&nbsp; (7) <br>|
| Oracle Corp. | (104) | &nbsp;&nbsp;&nbsp;&nbsp; (3744)<br>| &nbsp;&nbsp;&nbsp;&nbsp;360.00 | &nbsp;&nbsp;&nbsp;&nbsp; 11/21/25 | &nbsp;&nbsp;&nbsp;&nbsp; (3) <br>|
| O'Reilly Automotive, Inc. | (171) | &nbsp;&nbsp;&nbsp;&nbsp; (1824)<br>| &nbsp;&nbsp;&nbsp;&nbsp;106.67 | &nbsp;&nbsp;&nbsp;&nbsp; 11/21/25 | &nbsp;&nbsp;&nbsp;&nbsp; (2) <br>|
| Tesla, Inc. | (99) | &nbsp;&nbsp;&nbsp;&nbsp; (5445)<br>| &nbsp;&nbsp;&nbsp;&nbsp;550.00 | &nbsp;&nbsp;&nbsp;&nbsp; 11/21/25 | &nbsp;&nbsp;&nbsp;&nbsp; (37) <br>|
| **Total Written Options** |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; $(149)<br>|

---

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

---

| |
|:---|
| **Footnote Legend:** |
| <sup>(1)</sup> Strike price not reported in thousands. |
| <sup>(2)</sup> Exchange-traded options. |

---

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Total <br>Value at <br>October 31, 2025<br>| Level 1 <br>Quoted Prices<br>| Level 2 <br>Significant <br>Observable <br>Inputs<br>| Level 3 <br>Significant <br>Unobservable <br>Inputs<br>|
| Assets: |  |  |  |  |
| Debt Instruments: |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Convertible Bonds and Notes | &nbsp;&nbsp;&nbsp; $255844 | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp; $253231 | &nbsp;&nbsp;&nbsp; $2613 |
| Equity Securities: |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Convertible Preferred Stocks | &nbsp;&nbsp;&nbsp; 32796 | &nbsp;&nbsp;&nbsp; 32796 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; Common Stocks | &nbsp;&nbsp;&nbsp; 433213 | &nbsp;&nbsp;&nbsp; 433213 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Money Market Mutual Fund | &nbsp;&nbsp;&nbsp; 52009 | &nbsp;&nbsp;&nbsp; 52009 | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; — |
| Total Assets | &nbsp;&nbsp;&nbsp; 773862 | &nbsp;&nbsp;&nbsp; 518018 | &nbsp;&nbsp;&nbsp; 253231 | &nbsp;&nbsp;&nbsp; 2613 |
| Liabilities: |  |  |  |  |
| Other Financial Instruments: |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Written Options | &nbsp;&nbsp;&nbsp; (149)<br>| &nbsp;&nbsp;&nbsp; (143)<br>| &nbsp;&nbsp;&nbsp; (6)<br>| &nbsp;&nbsp;&nbsp; — |
| Total Investments, Net of Written Options | &nbsp;&nbsp;&nbsp; $773713 | &nbsp;&nbsp;&nbsp; $517875 | &nbsp;&nbsp;&nbsp; $253225 | &nbsp;&nbsp;&nbsp; $2613 |

---

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

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

Management has determined that the amount of Level 3 securities compared to total net assets is not material; therefore, the roll-forward of Level 3 securities and assumptionsare not shown for the period ended October 31, 2025.

See Notes to Schedule of Investments

------

**VIRTUS Equity & Convertible Income Fund**

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

**October 31, 2025**

**Note 1. Security Valuation**

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

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

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

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

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

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

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

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

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

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

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

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

------

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

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

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

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

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

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

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

  - **City:** GREENFIELD

  - **State:** MA

  - **Foreign country:** US

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

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

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

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

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

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

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

- **b. Date as of which information is reported:** 2025-10-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $798887778.24

**Total Liabilities:** $5061121.98

**Net Assets:** $793826656.26

**Cash Not Reported:** $20358818.48

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -0.24000000 | **1-Year:** -154.33000000 | **5-Year:** -4474.83000000 | **10-Year:** -281.48000000 | **30-Year:** -7685.37000000

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

- **3-Month:** 0.00000000 | **1-Year:** -440.26000000 | **5-Year:** -24718.64000000 | **10-Year:** -44113.08000000 | **30-Year:** -1235.50000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000000000 | 1.30%                | 3.97%                | 3.28%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $3180667.95              | $6053508.04                                |
| Month 2  | $10549695.28             | $18822902.30                               |
| Month 3  | $14678468.52             | $10438832.32                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| NASDAQ, INC.                    | O'REILLY AUTOMOTIVE INC                 | CUSIP: 000000000<br>LEI: 549300L8X1Q78ERXFD06 | N/A              | DE               | CORP              | US        |      -171 | NC      | $-1539.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE, INC. | FREEPORT-MCMORAN INC                    | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DE               | CORP              | US        |      -325 | NC      | $-8450.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc              | Meta Platforms Inc                      | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |     23585 | NS      | $15291334.75  | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| BRIDGEBIO PHARMA INC            | Bridgebio Pharma Inc                    | CUSIP: 10806XAH5<br>LEI: 54930028YG89VTY2J114 | Long             | DBT              | CORP              | US        |   1030000 | PA      | $1555943.75   | 0.20%             | 2031-03-01      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Apple Inc                       | Apple Inc                               | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |    126773 | NS      | $34275616.01  | 4.32%             |  |  |  | No            |                  1 | On Loan: No      |
| SOFI TECHNOLOGIES INC           | SoFi Technologies Inc                   | CUSIP: 83406FAA0<br>LEI: 549300SW81JCMVZDDY09 | Long             | DBT              | CORP              | US        |   2860000 | PA      | $4061200.00   | 0.51%             | 2026-10-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| GRANITE CONSTRUCTION INC        | Granite Construction Inc                | CUSIP: 387328AF4<br>LEI: 549300OM4BWMCIXVCZ39 | Long             | DBT              | CORP              | US        |   1865000 | PA      | $2717305.00   | 0.34%             | 2030-06-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| DuPont de Nemours Inc           | DuPont de Nemours Inc                   | CUSIP: 26614N102<br>LEI: 5493004JF0SDFLM8GD76 | Long             | EC               | CORP              | US        |     28972 | NS      | $2365563.80   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| General Electric Co             | General Electric Co                     | CUSIP: 369604301<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | EC               | CORP              | US        |     17110 | NS      | $5286134.50   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Charles Schwab Corp/The         | Charles Schwab Corp/The                 | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |     25115 | NS      | $2373869.80   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Freeport-McMoRan Inc            | Freeport-McMoRan Inc                    | CUSIP: 35671D857<br>LEI: 549300IRDTHJQ1PVET45 | Long             | EC               | CORP              | US        |     64900 | NS      | $2706330.00   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| O'Reilly Automotive Inc         | O'Reilly Automotive Inc                 | CUSIP: 67103H107<br>LEI: 549300K2RLMQL149Q332 | Long             | EC               | CORP              | US        |     34230 | NS      | $3232681.20   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE, INC. | CHARLES SCHWAB CORP/THE                 | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DE               | CORP              | US        |      -126 | NC      | $-1512.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| INTUITIVE MACHINES INC          | Intuitive Machines Inc                  | CUSIP: 46125AAA8<br>LEI: 254900386IE2PEPLVM59 | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1556100.00   | 0.20%             | 2030-10-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Oracle Corp                     | Oracle Corp                             | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |     15048 | NS      | $3951755.28   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| SPOTIFY USA INC                 | Spotify USA Inc                         | CUSIP: 84921RAB6<br>LEI: 2138008WM218QBKRII94 | Long             | DBT              | CORP              | US        |   1495000 | PA      | $1927802.50   | 0.24%             | 2026-03-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc                   | Citigroup Inc                           | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |     66360 | NS      | $6717622.80   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| DOORDASH INC                    | DoorDash Inc                            | CUSIP: 25809KAA3<br>LEI: 549300NUQ43FGGSK5051 | Long             | DBT              | CORP              | US        |   2990000 | PA      | $3300960.00   | 0.42%             | 2030-05-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| VIAVI SOLUTIONS INC             | Viavi Solutions Inc                     | CUSIP: 925550AJ4<br>LEI: 5493006K3E3N1QOBF092 | Long             | DBT              | CORP              | US        |   1870000 | PA      | $2625012.50   | 0.33%             | 2031-03-01      | Fixed         | 0.62%                 | No            |                  2 | On Loan: No      |
| ALNYLAM PHARMACEUTICALS         | Alnylam Pharmaceuticals Inc             | CUSIP: 02043QAB3<br>LEI: 529900S3ZI14OWRJII50 | Long             | DBT              | CORP              | US        |   2165000 | PA      | $3561425.00   | 0.45%             | 2027-09-15      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Alphabet Inc                    | Alphabet Inc                            | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     25540 | NS      | $7197682.80   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Walmart Inc                     | Walmart Inc                             | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |     81155 | NS      | $8211262.90   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| STRATEGY INC                    | Strategy Inc                            | CUSIP: 594972887<br>LEI: 549300WQTWEJUEHXQX21 | Long             | EP               | CORP              | US        |      7090 | NS      | $609740.00    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE, INC. | BOSTON SCIENTIFIC CORP                  | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DE               | CORP              | US        |      -200 | NC      | $-1000.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN WATER CAPITAL C        | American Water Capital Corp             | CUSIP: 03040WBE4<br>LEI: 5IDHQUFVC8Q2KIBBFF06 | Long             | DBT              | CORP              | US        |   2600000 | PA      | $2589860.00   | 0.33%             | 2026-06-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| DIGITAL REALTY TRUST LP         | Digital Realty Trust LP                 | CUSIP: 25389JAX4<br>LEI: CD4SPTZ3YBTHY0C1AH38 | Long             | DBT              | CORP              | US        |   2990000 | PA      | $3153553.00   | 0.40%             | 2029-11-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| GUIDEWIRE SOFTWARE INC          | Guidewire Software Inc                  | CUSIP: 40171VAB6<br>LEI: 549300WXSG0J8IXZCK32 | Long             | DBT              | CORP              | US        |   2280000 | PA      | $2688120.00   | 0.34%             | 2029-11-01      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| Equinix Inc                     | Equinix Inc                             | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               | CORP              | US        |      2860 | NS      | $2419588.60   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Palantir Technologies Inc       | Palantir Technologies Inc               | CUSIP: 69608A108<br>LEI: 549300UVN46B3BBDHO85 | Long             | EC               | CORP              | US        |     14115 | NS      | $2829634.05   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| WELLTOWER OP LLC                | Welltower OP LLC                        | CUSIP: 95041AAD0<br>LEI: T6IZ0MBEG5ACZDTR7D06 | Long             | DBT              | CORP              | US        |   4920000 | PA      | $7298820.00   | 0.92%             | 2029-07-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| INTERDIGITAL INC                | InterDigital Inc                        | CUSIP: 45867GAD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    600000 | PA      | $2812500.00   | 0.35%             | 2027-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| COHU INC                        | Cohu Inc                                | CUSIP: 192576AA4<br>LEI: 529900FJPORJ3JJ2XS33 | Long             | DBT              | CORP              | US        |   1535000 | PA      | $1733015.00   | 0.22%             | 2031-01-15      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| MP MATERIALS CORP               | MP Materials Corp                       | CUSIP: 553368AC5<br>LEI: 89450063PHPS61USMT84 | Long             | DBT              | CORP              | US        |    525000 | PA      | $1587337.50   | 0.20%             | 2030-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Atlassian Corp                  | Atlassian Corp                          | CUSIP: 049468101<br>LEI: 549300V7ZY5P02D2MY38 | Long             | EC               | CORP              | AU        |     10840 | NS      | $1836512.80   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| CBOE GLOBAL MARKETS, INC.       | BROADCOM INC                            | CUSIP: 000000000<br>LEI: 529900RLNSGA90UPEH54 | N/A              | DE               | CORP              | US        |      -207 | NC      | $-54234.00    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Argenx SE                       | Argenx SE                               | CUSIP: 04016X101<br>LEI: 7245009C5FZE6G9ODQ71 | Long             | EC               | CORP              | NL        |      2930 | NS      | $2398205.00   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| RIOT PLATFORMS INC              | Riot Platforms Inc                      | CUSIP: 767292AA3<br>LEI: 5299005LKZAJQDQZDF73 | Long             | DBT              | CORP              | US        |   1720000 | PA      | $2676320.00   | 0.34%             | 2030-01-15      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| OPENDOOR TECHNOLOGIES IN        | Opendoor Technologies Inc               | CUSIP: 683712AC7<br>LEI: 254900KX11YZ4HV5BQ47 | Long             | DBT              | CORP              | US        |    125000 | PA      | $637575.00    | 0.08%             | 2030-05-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| IMAX CORP                       | IMAX Corp                               | CUSIP: 45245EAJ8<br>LEI: 894500GS1ESLAPZCEI74 | Long             | DBT              | CORP              | CA        |   1995000 | PA      | $2335147.50   | 0.29%             | 2026-04-01      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| NUTANIX INC                     | Nutanix Inc                             | CUSIP: 67059NAJ7<br>LEI: 549300X7J6E8TKVIXW09 | Long             | DBT              | CORP              | US        |   1960000 | PA      | $2159332.00   | 0.27%             | 2029-12-15      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| BRIGHTSPRING HEALTH SERV        | BrightSpring Health Services Inc        | CUSIP: 10950A205<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     26175 | NS      | $2889196.50   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| COINBASE GLOBAL INC             | Coinbase Global Inc                     | CUSIP: 19260QAB3<br>LEI: 5493004G3J2SC154DU06 | Long             | DBT              | CORP              | US        |   4240000 | PA      | $4758128.00   | 0.60%             | 2026-06-01      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| REXFORD INDUSTRIAL REALT        | Rexford Industrial Realty LP            | CUSIP: 76169XAD6<br>LEI: 549300028US163ELJN70 | Long             | DBT              | CORP              | US        |   2145000 | PA      | $2145000.00   | 0.27%             | 2027-03-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| BRIDGEBIO PHARMA INC            | Bridgebio Pharma Inc                    | CUSIP: 10806XAB8<br>LEI: 54930028YG89VTY2J114 | Long             | DBT              | CORP              | US        |   1435000 | PA      | $2312502.50   | 0.29%             | 2027-03-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| STRATEGY INC                    | Strategy Inc                            | CUSIP: 594972AR2<br>LEI: 549300WQTWEJUEHXQX21 | Long             | DBT              | CORP              | US        |   4940000 | PA      | $4297800.00   | 0.54%             | 2029-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| IMPINJ INC                      | Impinj Inc                              | CUSIP: 453204AE9<br>LEI: 549300M26VGKSMMWWN17 | Long             | DBT              | CORP              | US        |   1315000 | PA      | $1433350.00   | 0.18%             | 2029-09-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| WOLFSPEED INC                   | Wolfspeed Inc                           | CUSIP: 977852AP7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    146000 | PA      | $317185.00    | 0.04%             | 2031-06-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| CYTOKINETICS INC                | Cytokinetics Inc                        | CUSIP: 23282WAD2<br>LEI: 549300BE5DY1HW7IHA64 | Long             | DBT              | CORP              | US        |   1780000 | PA      | $2204708.00   | 0.28%             | 2031-10-01      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY           | Wells Fargo & Co                        | CUSIP: 949746804<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EP               | CORP              | US        |      6205 | NS      | $7677136.25   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Micron Technology Inc           | Micron Technology Inc                   | CUSIP: 595112103<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | EC               | CORP              | US        |     18105 | NS      | $4051355.85   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| ServiceNow Inc                  | ServiceNow Inc                          | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |      2650 | NS      | $2436092.00   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| EXACT SCIENCES CORP             | Exact Sciences Corp                     | CUSIP: 30063PAE5<br>LEI: 549300VM3X1FYD4N9Z14 | Long             | DBT              | CORP              | US        |   1640000 | PA      | $1652464.00   | 0.21%             | 2031-04-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Blackstone Inc                  | Blackstone Inc                          | CUSIP: 09260D107<br>LEI: 5299004LW4QWGZUB8Y96 | Long             | EC               | CORP              | US        |      7605 | NS      | $1115197.20   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| LIVE NATION ENTERTAINMEN        | Live Nation Entertainment Inc           | CUSIP: 538034BB4<br>LEI: 5493007B9BM9ZXJINO78 | Long             | DBT              | CORP              | US        |   5680000 | PA      | $6032160.00   | 0.76%             | 2030-01-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                  | Morgan Stanley                          | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |     23435 | NS      | $3843340.00   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| ALIGNMENT HEALTHCARE            | Alignment Healthcare Inc                | CUSIP: 01625VAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1435000 | PA      | $1987762.00   | 0.25%             | 2029-11-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Analog Devices Inc              | Analog Devices Inc                      | CUSIP: 032654105<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | EC               | CORP              | US        |     11875 | NS      | $2780293.75   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Tesla Inc                       | Tesla Inc                               | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |     19735 | NS      | $9010211.60   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| AEROVIRONMENT INC               | AeroVironment Inc                       | CUSIP: 008073AA6<br>LEI: 529900PGHVI29YLZ6221 | Long             | DBT              | CORP              | US        |   2075000 | PA      | $2897737.50   | 0.37%             | 2030-07-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CENTRUS ENERGY CORP             | Centrus Energy Corp                     | CUSIP: 15643UAF1<br>LEI: 549300G6VDK9G8276661 | Long             | DBT              | CORP              | US        |   1935000 | PA      | $3437527.50   | 0.43%             | 2032-08-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ON SEMICONDUCTOR CORP           | ON Semiconductor Corp                   | CUSIP: 682189AS4<br>LEI: ZV20P4CNJVT8V1ZGJ064 | Long             | DBT              | CORP              | US        |    945000 | PA      | $1093837.50   | 0.14%             | 2027-05-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| VEECO INSTRUMENTS INC           | Veeco Instruments Inc                   | CUSIP: 922417AJ9<br>LEI: 5493004201F72ADDZW04 | Long             | DBT              | CORP              | US        |   1445000 | PA      | $1793967.50   | 0.23%             | 2029-06-01      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| WEC ENERGY GROUP INC            | WEC Energy Group Inc                    | CUSIP: 92939UAS5<br>LEI: 549300IGLYTZUK3PVP70 | Long             | DBT              | CORP              | US        |   3390000 | PA      | $3493395.00   | 0.44%             | 2028-06-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Amphenol Corp                   | Amphenol Corp                           | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Long             | EC               | CORP              | US        |     17750 | NS      | $2473285.00   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| WESTERN DIGITAL CORP            | Western Digital Corp                    | CUSIP: 958102AT2<br>LEI: 549300QQXOOYEF89IC56 | Long             | DBT              | CORP              | US        |   1875000 | PA      | $7509375.00   | 0.95%             | 2028-11-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| SEAGATE HDD CAYMAN              | Seagate HDD Cayman                      | CUSIP: 81180WBL4<br>LEI: 529900BD50TRWEG1SF63 | Long             | DBT              | CORP              | KY        |   1175000 | PA      | $3678337.50   | 0.46%             | 2028-06-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| SUPER MICRO COMPUTER INC        | Super Micro Computer Inc                | CUSIP: 86800UAB0<br>LEI: 54930022CZO1N2UGVW07 | Long             | DBT              | CORP              | US        |   2115000 | PA      | $2250360.00   | 0.28%             | 2029-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Cardinal Health Inc             | Cardinal Health Inc                     | CUSIP: 14149Y108<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | EC               | CORP              | US        |     22105 | NS      | $4216970.85   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| CBRE Group Inc                  | CBRE Group Inc                          | CUSIP: 12504L109<br>LEI: 52990016II9MJ2OSWA10 | Long             | EC               | CORP              | US        |     24295 | NS      | $3703286.85   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| SHOPIFY INC                     | Shopify Inc                             | CUSIP: 82509LAA5<br>LEI: 549300HGQ43STJLLP808 | Long             | DBT              | CORP              | CA        |   1255000 | PA      | $1429445.00   | 0.18%             | 2025-11-01      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| CIPHER MINING                   | Cipher Mining Inc                       | CUSIP: 17253JAB2<br>LEI: 254900QABG5HCQZ28A17 | Long             | DBT              | CORP              | US        |   2205000 | PA      | $3114562.50   | 0.39%             | 2031-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| WISDOMTREE INC                  | WisdomTree Inc                          | CUSIP: 97717PAJ3<br>LEI: 549300WIU8IS7UFO7871 | Long             | DBT              | CORP              | US        |   1360000 | PA      | $1389920.00   | 0.18%             | 2030-08-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| BLOOM ENERGY CORP               | Bloom Energy Corp                       | CUSIP: 093712AM9<br>LEI: 549300XB5J9BFW5JXV97 | Long             | DBT              | CORP              | US        |    490000 | PA      | $3144722.00   | 0.40%             | 2029-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| XOMETRY INC                     | Xometry Inc                             | CUSIP: 98423FAC3<br>LEI: 5493006JFRGU7YRRXE44 | Long             | DBT              | CORP              | US        |    880000 | PA      | $1146640.00   | 0.14%             | 2030-06-15      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| Danaher Corp                    | Danaher Corp                            | CUSIP: 235851102<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | EC               | CORP              | US        |      6490 | NS      | $1397816.20   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Xylem Inc/NY                    | Xylem Inc/NY                            | CUSIP: 98419M100<br>LEI: 549300DF5MV96DRYLQ48 | Long             | EC               | CORP              | US        |     16240 | NS      | $2449804.00   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| LUMENTUM HOLDINGS INC           | Lumentum Holdings Inc                   | CUSIP: 55024UAJ8<br>LEI: 549300JLWRRC38DWEF52 | Long             | DBT              | CORP              | US        |   4970000 | PA      | $6585250.00   | 0.83%             | 2032-03-15      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| Microsoft Corp                  | Microsoft Corp                          | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     79034 | NS      | $40924595.54  | 5.16%             |  |  |  | No            |                  1 | On Loan: No      |
| TRIP.COM GROUP LTD              | Trip.com Group Ltd                      | CUSIP: 89677QAB3<br>LEI: 2549004RMYDSRQL4KW41 | Long             | DBT              | CORP              | KY        |   1660000 | PA      | $2026030.00   | 0.26%             | 2029-06-15      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| Broadcom Inc                    | Broadcom Inc                            | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |     41415 | NS      | $15308226.45  | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| PG&E CORP                       | PG&E Corp                               | CUSIP: 69331C306<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | EP               | CORP              | US        |     90125 | NS      | $3704137.50   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuitive Surgical Inc          | Intuitive Surgical Inc                  | CUSIP: 46120E602<br>LEI: 54930052SRG011710797 | Long             | EC               | CORP              | US        |      5330 | NS      | $2847712.40   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| REPLIGEN CORP                   | Repligen Corp                           | CUSIP: 759916AD1<br>LEI: 54930006QJ0T5AUO1E71 | Long             | DBT              | CORP              | US        |   1045000 | PA      | $1107177.50   | 0.14%             | 2028-12-15      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Gilead Sciences Inc             | Gilead Sciences Inc                     | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |     30480 | NS      | $3651199.20   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| PARSONS CORP                    | Parsons Corp                            | CUSIP: 70202LAD4<br>LEI: 549300ZXH0VRBSEPX752 | Long             | DBT              | CORP              | US        |   2485000 | PA      | $2835385.00   | 0.36%             | 2029-03-01      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| RIVIAN AUTO INC                 | Rivian Automotive Inc                   | CUSIP: 76954AAB9<br>LEI: 25490004LNKJ84MFYY24 | Long             | DBT              | CORP              | US        |   2425000 | PA      | $2388625.00   | 0.30%             | 2029-03-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| IRHYTHM TECHNOLOGIES INC        | iRhythm Technologies Inc                | CUSIP: 450056AB2<br>LEI: 549300FJI72RJGDQS384 | Long             | DBT              | CORP              | US        |   1720000 | PA      | $2494860.00   | 0.31%             | 2029-09-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| MKS INC                         | MKS Inc                                 | CUSIP: 55306NAB0<br>LEI: 549300KEQATBHAGVF505 | Long             | DBT              | CORP              | US        |   1910000 | PA      | $2292000.00   | 0.29%             | 2030-06-01      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| JAZZ INVESTMENTS I LTD          | Jazz Investments I Ltd                  | CUSIP: 472145AH4<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   2085000 | PA      | $2545785.00   | 0.32%             | 2030-09-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Alphabet Inc                    | Alphabet Inc                            | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     72385 | NS      | $20353938.15  | 2.56%             |  |  |  | No            |                  1 | On Loan: No      |
| GUARDANT HEALTH INC             | Guardant Health Inc                     | CUSIP: 40131MAD1<br>LEI: 254900M8C3E5VC8BR186 | Long             | DBT              | CORP              | US        |   2215000 | PA      | $3777018.00   | 0.48%             | 2031-02-15      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| NEBIUS GROUP NV                 | Nebius Group NV                         | CUSIP: 63954QAE6<br>LEI: 549300GGZHJ5Q1B18P93 | Long             | DBT              | CORP              | NL        |   1280000 | PA      | $1631360.00   | 0.21%             | 2030-09-15      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| ALNYLAM PHARMACEUTICALS         | Alnylam Pharmaceuticals Inc             | CUSIP: 02043QAC1<br>LEI: 529900S3ZI14OWRJII50 | Long             | DBT              | CORP              | US        |    730000 | PA      | $729087.50    | 0.09%             | 2028-09-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| KKR & CO INC                    | KKR & Co Inc                            | CUSIP: 48251W500<br>LEI: 54930013V5I303TF9571 | Long             | EP               | CORP              | US        |     53730 | NS      | $2633844.60   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock Liquidity FedFund     | BlackRock Liquidity FedFund             | CUSIP: 09248U700<br>LEI: 549300T8K043VZEOVK74 | Long             | STIV             | RF                | US        |  52387515 | NS      | $52387514.67  | 6.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuit Inc                      | Intuit Inc                              | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |      3695 | NS      | $2466597.25   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| McKesson Corp                   | McKesson Corp                           | CUSIP: 58155Q103<br>LEI: 549300WZWOM80UCFSF54 | Long             | EC               | CORP              | US        |      6930 | NS      | $5622586.20   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| SHIFT4 PAYMENTS INC             | Shift4 Payments Inc                     | CUSIP: 82452JAD1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1390000 | PA      | $1365675.00   | 0.17%             | 2027-08-01      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| Aon PLC                         | Aon PLC                                 | CUSIP: 000000000<br>LEI: 635400FALWQYX5E6QC64 | Long             | EC               | CORP              | GB        |      7450 | NS      | $2538066.00   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| UBER TECHNOLOGIES INC           | Uber Technologies Inc                   | CUSIP: 90353TAM2<br>LEI: 549300B2FTG34FILDR98 | Long             | DBT              | CORP              | US        |    525000 | PA      | $764400.00    | 0.10%             | 2028-12-01      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| TJX Cos Inc/The                 | TJX Cos Inc/The                         | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |     34400 | NS      | $4820816.00   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| AbbVie Inc                      | AbbVie Inc                              | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |     14809 | NS      | $3228954.36   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Micro Devices Inc      | Advanced Micro Devices Inc              | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               | CORP              | US        |     15120 | NS      | $3872534.40   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| M/A-COM TECH SOLUTIONS          | MACOM Technology Solutions Holdings Inc | CUSIP: 55405YAC4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2185000 | PA      | $2420980.00   | 0.30%             | 2029-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| IONIS PHARMACEUTICALS IN        | Ionis Pharmaceuticals Inc               | CUSIP: 462222AF7<br>LEI: 549300SI4ZGLG0BLUZ92 | Long             | DBT              | CORP              | US        |   1670000 | PA      | $2541573.00   | 0.32%             | 2028-06-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Lam Research Corp               | Lam Research Corp                       | CUSIP: 512807306<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |     16790 | NS      | $2643753.40   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Caterpillar Inc                 | Caterpillar Inc                         | CUSIP: 149123101<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | EC               | CORP              | US        |     13685 | NS      | $7899803.10   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Mastercard Inc                  | Mastercard Inc                          | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |     17275 | NS      | $9535627.25   | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| NOVA LTD                        | Nova Ltd                                | CUSIP: 66982MAA2<br>LEI: 529900B2DSWE5V3SC292 | Long             | DBT              | CORP              | IL        |   1475000 | PA      | $1888124.90   | 0.24%             | 2030-09-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE, INC. | TESLA INC                               | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DE               | CORP              | US        |       -99 | NC      | $-37026.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly & Co                  | Eli Lilly & Co                          | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |      4350 | NS      | $3753441.00   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| CARNIVAL CORP                   | Carnival Corp                           | CUSIP: 143658BV3<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |    775000 | PA      | $1725150.00   | 0.22%             | 2027-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ZSCALER INC.                    | Zscaler Inc                             | CUSIP: 98980GAC6<br>LEI: 529900MZ0RTK1BWRNF46 | Long             | DBT              | CORP              | US        |   2295000 | PA      | $2367292.50   | 0.30%             | 2028-07-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| IBM                             | International Business Machines Corp    | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               | CORP              | US        |      3910 | NS      | $1201973.10   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| SHIFT4 PAYMENTS INC             | Shift4 Payments Inc                     | CUSIP: 82452J307<br>LEI: N/A                  | Long             | EP               | CORP              | US        |      9410 | NS      | $804178.60    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| RTX Corp                        | RTX Corp                                | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               | CORP              | US        |     23435 | NS      | $4183147.50   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| OSCAR HEALTH INC                | Oscar Health Inc                        | CUSIP: 687793AD1<br>LEI: 254900AE8KDLFDOPKZ19 | Long             | DBT              | CORP              | US        |   1370000 | PA      | $1479326.00   | 0.19%             | 2030-09-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| BURLINGTON STORES INC           | Burlington Stores Inc                   | CUSIP: 122017AD8<br>LEI: 5299003Z37DVGKKC1W09 | Long             | DBT              | CORP              | US        |   1265000 | PA      | $1806420.00   | 0.23%             | 2027-12-15      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| Generac Holdings Inc            | Generac Holdings Inc                    | CUSIP: 368736104<br>LEI: 529900S2H2AHJHSFFI84 | Long             | EC               | CORP              | US        |      2263 | NS      | $380229.26    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| NEXTERA ENERGY INC              | NextEra Energy Inc                      | CUSIP: 65339F663<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EP               | CORP              | US        |     14675 | NS      | $770877.75    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE, INC. | GENERAL ELECTRIC CO                     | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DE               | CORP              | US        |       -86 | NC      | $-5074.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| MERITAGE HOMES CORP             | Meritage Homes Corp                     | CUSIP: 59001ABF8<br>LEI: 52990044W9UMFJO2FB97 | Long             | DBT              | CORP              | US        |   1415000 | PA      | $1409463.06   | 0.18%             | 2028-05-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Moody's Corp                    | Moody's Corp                            | CUSIP: 615369105<br>LEI: 549300GCEDD8YCF5WU84 | Long             | EC               | CORP              | US        |      8290 | NS      | $3981687.00   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| GDS HOLDINGS LIMITED            | GDS Holdings Ltd                        | CUSIP: 36165LAC2<br>LEI: 391200MGV8DDCHTN2R77 | Long             | DBT              | CORP              | KY        |   1220000 | PA      | $1633580.00   | 0.21%             | 2032-06-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| QXO INC                         | QXO Inc                                 | CUSIP: 82846H504<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     30300 | NS      | $1546815.00   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Crowdstrike Holdings Inc        | Crowdstrike Holdings Inc                | CUSIP: 22788C105<br>LEI: 549300YBY08K9KM4HX32 | Long             | EC               | CORP              | US        |      2445 | NS      | $1327659.45   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| DATADOG INC                     | Datadog Inc                             | CUSIP: 23804LAC7<br>LEI: 549300F6JNO0KRPO1K63 | Long             | DBT              | CORP              | US        |   3755000 | PA      | $3982177.50   | 0.50%             | 2029-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Boston Scientific Corp          | Boston Scientific Corp                  | CUSIP: 101137107<br>LEI: Y6ZDD9FP4P8JSSJMW954 | Long             | EC               | CORP              | US        |     40070 | NS      | $4035850.40   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| MICROCHIP TECHNOLOGY INC        | Microchip Technology Inc                | CUSIP: 595017302<br>LEI: 5493007PTFULNYZJ1R12 | Long             | EP               | CORP              | US        |     45770 | NS      | $2650083.00   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Eaton Corp PLC                  | Eaton Corp PLC                          | CUSIP: 000000000<br>LEI: 549300VDIGTMXUNT7H71 | Long             | EC               | CORP              | IE        |     12725 | NS      | $4855351.00   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Netflix Inc                     | Netflix Inc                             | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |      3605 | NS      | $4033490.30   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE, INC. | MORGAN STANLEY                          | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DE               | CORP              | US        |      -164 | NC      | $-5248.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| NIKE Inc                        | NIKE Inc                                | CUSIP: 654106103<br>LEI: 787RXPR0UX0O0XUXPZ81 | Long             | EC               | CORP              | US        |     31580 | NS      | $2039752.20   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| JBT MAREL CORP                  | JBT Marel Corp                          | CUSIP: 477839AD6<br>LEI: 5493007CT6ATBZ2L6826 | Long             | DBT              | CORP              | US        |   1735000 | PA      | $1617887.50   | 0.20%             | 2030-09-15      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| SEMTECH CORP                    | Semtech Corp                            | CUSIP: 816850AJ0<br>LEI: 549300J7WUY317SW6O61 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2535000.00   | 0.32%             | 2030-10-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| INDIE SEMICONDUCTOR INC         | indie Semiconductor Inc                 | CUSIP: 45569UAA9<br>LEI: 254900L1MFXFYGB1PV53 | Long             | DBT              | CORP              | US        |   1090000 | PA      | $1199000.00   | 0.15%             | 2027-11-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| TERAWULF INC                    | TERAWULF INC                            | CUSIP: 88080TAE4<br>LEI: 254900CVMW1SX2T78A64 | Long             | DBT              | CORP              | US        |   1230000 | PA      | $1271820.00   | 0.16%             | 2032-05-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Take-Two Interactive Software   | Take-Two Interactive Software Inc       | CUSIP: 874054109<br>LEI: BOMSTHHJK882EWYX3334 | Long             | EC               | CORP              | US        |     14388 | NS      | $3688651.56   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| CELCUITY INC                    | Celcuity Inc                            | CUSIP: 15102KAA8<br>LEI: 25490070W7UU7W2SEY87 | Long             | DBT              | CORP              | US        |    515000 | PA      | $925506.50    | 0.12%             | 2031-08-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| AFFIRM HOLDINGS INC             | Affirm Holdings Inc                     | CUSIP: 00827BAC0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1790000 | PA      | $1943045.00   | 0.24%             | 2029-12-15      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| BOSTON PROPERTIES LP            | Boston Properties LP                    | CUSIP: 10112RBM5<br>LEI: BVHHEFJI6SHNOKQT2572 | Long             | DBT              | CORP              | US        |   1530000 | PA      | $1497105.00   | 0.19%             | 2030-10-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| LIGAND PHARMACEUTICALS I        | Ligand Pharmaceuticals Inc              | CUSIP: 53220KAG3<br>LEI: 5493008K7TB0IKP37H79 | Long             | DBT              | CORP              | US        |   2040000 | PA      | $2389860.00   | 0.30%             | 2030-10-01      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE, INC. | NETFLIX INC                             | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DE               | CORP              | US        |       -18 | NC      | $-6750.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| CLOUDFLARE INC                  | Cloudflare Inc                          | CUSIP: 18915MAC1<br>LEI: 5493007DY18BGNLDWU14 | Long             | DBT              | CORP              | US        |   3650000 | PA      | $5086063.96   | 0.64%             | 2026-08-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| OSI SYSTEMS INC                 | OSI Systems Inc                         | CUSIP: 671044AF2<br>LEI: DDX3MPX1Y8YD30050X33 | Long             | DBT              | CORP              | US        |   1825000 | PA      | $2874375.00   | 0.36%             | 2029-08-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL          | NextEra Energy Capital Holdings Inc     | CUSIP: 65339KCY4<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |   3480000 | PA      | $4356960.00   | 0.55%             | 2027-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Carnival Corp                   | Carnival Corp                           | CUSIP: 143658300<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | EC               | CORP              | US        |     78030 | NS      | $2249604.90   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co             | JPMorgan Chase & Co                     | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |     20040 | NS      | $6234844.80   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITY SOFTWARE INC              | Unity Software Inc                      | CUSIP: 91332UAG6<br>LEI: 549300D1ESJMGNQNG432 | Long             | DBT              | CORP              | US        |   1380000 | PA      | $1795725.00   | 0.23%             | 2030-03-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| GALAXY DIGITAL HOLDIN LP        | Galaxy Digital Holdings LP              | CUSIP: 36317GAC0<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |   1965000 | PA      | $1937490.00   | 0.24%             | 2031-05-01      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| AXON ENTERPRISE INC             | Axon Enterprise Inc                     | CUSIP: 05464CAB7<br>LEI: 549300QP2IEEGFE16681 | Long             | DBT              | CORP              | US        |    435000 | PA      | $1391565.00   | 0.18%             | 2027-12-15      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| LIBERTY MEDIA CORP              | Liberty Media Corp-Liberty Formula One  | CUSIP: 531229AQ5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1095000 | PA      | $1401052.50   | 0.18%             | 2027-08-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Waste Management Inc            | Waste Management Inc                    | CUSIP: 94106L109<br>LEI: 549300YX8JIID70NFS41 | Long             | EC               | CORP              | US        |     11255 | NS      | $2248411.35   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE, INC. | JPMORGAN CHASE & CO                     | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DE               | CORP              | US        |      -100 | NC      | $-7500.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| CYBERARK SOFTWARE LTD           | CyberArk Software Ltd                   | CUSIP: 23248VAC9<br>LEI: 529900YEXNDM894PWS93 | Long             | DBT              | CORP              | IL        |   3200000 | PA      | $3731200.00   | 0.47%             | 2030-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| COINBASE GLOBAL INC             | Coinbase Global Inc                     | CUSIP: 19260QAG2<br>LEI: 5493004G3J2SC154DU06 | Long             | DBT              | CORP              | US        |   2300000 | PA      | $2486300.00   | 0.31%             | 2029-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Cadence Design Systems Inc      | Cadence Design Systems Inc              | CUSIP: 127387108<br>LEI: GCT7RXJOGLXPV0NXZY22 | Long             | EC               | CORP              | US        |     13440 | NS      | $4551993.60   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| ROCKET LAB USA                  | Rocket Lab USA Inc                      | CUSIP: 773122AA4<br>LEI: 254900B4DEYFZJ980A14 | Long             | DBT              | CORP              | US        |    170000 | PA      | $2085262.50   | 0.26%             | 2029-02-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| IREN LTD                        | IREN Ltd                                | CUSIP: 46270CAE9<br>LEI: 254900FZF02RB3NNGB71 | Long             | DBT              | CORP              | AU        |   2990000 | PA      | $3148470.00   | 0.40%             | 2031-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Axon Enterprise Inc             | Axon Enterprise Inc                     | CUSIP: 05464C101<br>LEI: 549300QP2IEEGFE16681 | Long             | EC               | CORP              | US        |      2098 | NS      | $1536218.54   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| TEMPUS AI INC                   | Tempus AI Inc                           | CUSIP: 88023BAD5<br>LEI: 2549009LA0KWRAGQBX50 | Long             | DBT              | CORP              | US        |    730000 | PA      | $992800.00    | 0.13%             | 2030-07-15      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| Amazon.com Inc                  | Amazon.com Inc                          | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |    107395 | NS      | $26228006.90  | 3.30%             |  |  |  | No            |                  1 | On Loan: No      |
| UnitedHealth Group Inc          | UnitedHealth Group Inc                  | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |     11170 | NS      | $3815225.20   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| ALPHATEC HOLDINGS INC           | Alphatec Holdings Inc                   | CUSIP: 02081GAC6<br>LEI: 549300EZE8CQ8K65FS24 | Long             | DBT              | CORP              | US        |   2090000 | PA      | $2981661.32   | 0.38%             | 2030-03-15      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE, INC. | ORACLE CORP                             | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DE               | CORP              | US        |      -104 | NC      | $-3120.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| ALIBABA GROUP HOLDING           | Alibaba Group Holding Ltd               | CUSIP: 01609WBG6<br>LEI: 5493001NTNQJDH60PM02 | Long             | DBT              | CORP              | KY        |   1535000 | PA      | $2713880.00   | 0.34%             | 2031-06-01      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| Chewy Inc                       | Chewy Inc                               | CUSIP: 16679L109<br>LEI: 254900NPQSTG9I422879 | Long             | EC               | CORP              | US        |     60095 | NS      | $2026403.40   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Energy Corp       | Constellation Energy Corp               | CUSIP: 21037T109<br>LEI: 549300F8Y20RYGNGV346 | Long             | EC               | CORP              | US        |     11380 | NS      | $4290260.00   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| UBER TECHNOLOGIES INC           | Uber Technologies Inc                   | CUSIP: 90353TAJ9<br>LEI: 549300B2FTG34FILDR98 | Long             | DBT              | CORP              | US        |   3755000 | PA      | $4467096.47   | 0.56%             | 2025-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Ecolab Inc                      | Ecolab Inc                              | CUSIP: 278865100<br>LEI: 82DYEISM090VG8LTLS26 | Long             | EC               | CORP              | US        |      8300 | NS      | $2128120.00   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| SNOWFLAKE INC                   | Snowflake Inc                           | CUSIP: 833445AD1<br>LEI: 254900CJNSY1K7T53Z16 | Long             | DBT              | CORP              | US        |   2750000 | PA      | $5066875.00   | 0.64%             | 2029-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| STRATEGY INC                    | Strategy Inc                            | CUSIP: 594972AT8<br>LEI: 549300WQTWEJUEHXQX21 | Long             | DBT              | CORP              | US        |   1465000 | PA      | $1443025.00   | 0.18%             | 2030-03-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Capital One Financial Corp      | Capital One Financial Corp              | CUSIP: 14040H105<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EC               | CORP              | US        |     16713 | NS      | $3676692.87   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| SOUTHERN CO                     | Southern Co/The                         | CUSIP: 842587EC7<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |   4845000 | PA      | $4929787.50   | 0.62%             | 2028-06-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Cisco Systems Inc               | Cisco Systems Inc                       | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |     59510 | NS      | $4350776.10   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| NASDAQ, INC.                    | CADENCE DESIGN SYSTEMS INC              | CUSIP: 000000000<br>LEI: 549300L8X1Q78ERXFD06 | N/A              | DE               | CORP              | US        |       -67 | NC      | $-6231.00     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SYNAPTICS INC                   | Synaptics Inc                           | CUSIP: 87157DAH2<br>LEI: 549300AJ3LI4FWNRQX29 | Long             | DBT              | CORP              | US        |   1515000 | PA      | $1524090.00   | 0.19%             | 2031-12-01      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co                | Wells Fargo & Co                        | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |     55230 | NS      | $4803353.10   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| 3M Co                           | 3M Co                                   | CUSIP: 88579Y101<br>LEI: LUZQVYP4VS22CLWDAR65 | Long             | EC               | CORP              | US        |     22425 | NS      | $3733762.50   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| MIRION TECHNOLOGIES INC         | Mirion Technologies Inc                 | CUSIP: 60471AAA9<br>LEI: 549300BNTOWVWFNVTJ65 | Long             | DBT              | CORP              | US        |   2110000 | PA      | $3038400.00   | 0.38%             | 2030-06-01      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| NCL CORPORATION LTD             | NCL Corp Ltd                            | CUSIP: 62886HBW0<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |   3740000 | PA      | $3585725.00   | 0.45%             | 2030-09-15      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| ARES MANAGEMENT CORP            | Ares Management Corp                    | CUSIP: 03990B309<br>LEI: 529900JUV61FH7B8VW38 | Long             | EP               | CORP              | US        |     32735 | NS      | $1548038.15   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| BOEING CO/THE                   | Boeing Co/The                           | CUSIP: 097023204<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | EP               | CORP              | US        |     96740 | NS      | $6261012.80   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| SOLARIS ENERGY INFRASTRU        | Solaris Energy Infrastructure Inc       | CUSIP: 83419XAB4<br>LEI: 529900MTK3C8Y8TIIC10 | Long             | DBT              | CORP              | US        |   1925000 | PA      | $2288825.00   | 0.29%             | 2031-10-01      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| WAYFAIR INC                     | Wayfair Inc                             | CUSIP: 94419LAP6<br>LEI: 54930027N9ZAVYFDHK53 | Long             | DBT              | CORP              | US        |   1880000 | PA      | $3217831.18   | 0.41%             | 2027-09-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Home Depot Inc/The              | Home Depot Inc/The                      | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |     13620 | NS      | $5170015.80   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE, INC. | MICRON TECHNOLOGY INC                   | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DE               | CORP              | US        |       -91 | NC      | $-11375.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| HP ENTERPRISE CO                | Hewlett Packard Enterprise Co           | CUSIP: 42824C208<br>LEI: 549300BX44RGX6ANDV88 | Long             | EP               | CORP              | US        |     25165 | NS      | $1700650.70   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Motorola Solutions Inc          | Motorola Solutions Inc                  | CUSIP: 620076307<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | EC               | CORP              | US        |      7770 | NS      | $3160136.70   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| ODDITY FINANCE LLC              | Oddity Finance LLC                      | CUSIP: 67579RAA8<br>LEI: 254900FTSJH2TRDJ3905 | Long             | DBT              | CORP              | US        |   1710000 | PA      | $1509075.00   | 0.19%             | 2030-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Parker-Hannifin Corp            | Parker-Hannifin Corp                    | CUSIP: 701094104<br>LEI: 5493002CONDB4N2HKI23 | Long             | EC               | CORP              | US        |      4390 | NS      | $3392723.70   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Rockwell Automation Inc         | Rockwell Automation Inc                 | CUSIP: 773903109<br>LEI: VH3R4HHBHH12O0EXZJ88 | Long             | EC               | CORP              | US        |      7825 | NS      | $2882417.00   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| BITFARMS LTD                    | Bitfarms Ltd                            | CUSIP: 09173BAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    185000 | PA      | $167540.63    | 0.02%             | 2031-01-15      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| Intercontinental Exchange Inc   | Intercontinental Exchange Inc           | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |     14775 | NS      | $2161434.75   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp                     | NVIDIA Corp                             | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |    219878 | NS      | $44523096.22  | 5.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Co/The                | Coca-Cola Co/The                        | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               | CORP              | US        |     33020 | NS      | $2275078.00   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| AST SPACEMOBILE INC             | AST SpaceMobile Inc                     | CUSIP: 00217DAE0<br>LEI: 254900MBSC9P2UCI6623 | Long             | DBT              | CORP              | US        |   1820000 | PA      | $1933750.00   | 0.24%             | 2036-01-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-12-22

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

**Signature:** Amy Hackett

**Name of Signer:** Amy Hackett

**Title:** Vice President and Assistant Treasurer