# EDGAR Filing Document

**Accession Number:** 0001005020
**File Stem:** 0001752724-23-009917
**Filing Date:** 2023-1
**Character Count:** 62733
**Document Hash:** 5d6b711b043f52d669f090b7417ca0b1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-009917.hdr.sgml**: 20230124

**ACCESSION NUMBER**: 0001752724-23-009917

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221130

**FILED AS OF DATE**: 20230124

**DATE AS OF CHANGE**: 20230124

**PERIOD START**: 20230531

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VIRTUS OPPORTUNITIES TRUST
- **CENTRAL INDEX KEY:** 0001005020
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07455
- **FILM NUMBER:** 23548865

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

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PHOENIX OPPORTUNITIES TRUST
- **DATE OF NAME CHANGE:** 20060127

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PHOENIX SENECA FUNDS
- **DATE OF NAME CHANGE:** 19990122

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SENECA FUNDS
- **DATE OF NAME CHANGE:** 19951218

## Series and Classes Contracts Data

### Virtus Stone Harbor Emerging Markets Corporate Debt Fund (Series ID: S000075276)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000234172 | Class I      | SHCDX           |
| C000234173 | Class A      | VSHAX           |

## 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 Opportunities Trust

- **b. Investment Company Act file number:** 811-07455

- **c. CIK number of Registrant:** 0001005020

- **d. LEI of Registrant:** 549300O4C4QVD88M4N75

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

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

  - **City:** Greenfield

  - **State:** MA

  - **Foreign country:** US

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

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

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

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

- **b. EDGAR series identifier (if any):** S000075276

- **c. LEI of Series:** EKYSAAYBLFGWSLUFAV76

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

- **a. Date of fiscal year-end:** 2023-05-31

- **b. Date as of which information is reported:** 2022-11-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $7261746.63

**Total Liabilities:** $208845.85

**Net Assets:** $7052900.78

**Cash Not Reported:** $47970.11

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** -341.00000000 | **10-Year:** -360.00000000 | **30-Year:** -889.00000000

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

- **3-Month:** 0.00000000 | **1-Year:** -10.00000000 | **5-Year:** -509.00000000 | **10-Year:** -646.00000000 | **30-Year:** -365.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000234172 | -5.03%               | -2.51%               | 8.82%                |
| Class ID C000234173 | -8.47%               | -6.30%               | 4.70%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-7998.91                | $-365899.58                                |
| Month 2  | $-52346.83               | $-143188.76                                |
| Month 3  | $-14272.82               | $539358.61                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| PROSUS NV                          | Prosus NV                                                                        | CUSIP: 000000000<br>LEI: 635400Z5LQ5F9OLVT688 | Long             | DBT              | CORP              | NL        |     72000 | PA      | $53370.00     | 0.76%             | 2031-07-13      | Fixed         | 3.06%                 | No            |                  2 | On Loan: No      |
| SAUDI ARABIAN OIL CO               | Saudi Arabian Oil Co                                                             | CUSIP: 80414L2L8<br>LEI: 5586006WD91QHB7J4X50 | Long             | DBT              | CORP              | SA        |     46000 | PA      | $32596.75     | 0.46%             | 2050-11-24      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| PROSUS NV                          | Prosus NV                                                                        | CUSIP: 74365PAE8<br>LEI: 635400Z5LQ5F9OLVT688 | Long             | DBT              | CORP              | NL        |     19000 | PA      | $11352.50     | 0.16%             | 2051-02-08      | Fixed         | 3.83%                 | No            |                  2 | On Loan: No      |
| MV24 CAPITAL BV                    | MV24 Capital BV                                                                  | CUSIP: 55388RAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | NL        |      4444 | PA      | $3921.72      | 0.06%             | 2034-06-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| RUMO LUXEMBOURG SARL               | Rumo Luxembourg Sarl                                                             | CUSIP: 781467AE5<br>LEI: 222100HOIQFT7YOSPB46 | Long             | DBT              | CORP              | LU        |     58000 | PA      | $45287.13     | 0.64%             | 2032-01-18      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| METINVEST BV                       | Metinvest BV                                                                     | CUSIP: 591555AD9<br>LEI: 635400TMCKVEU87EJ582 | Long             | DBT              | CORP              | NL        |     60000 | PA      | $49500.00     | 0.70%             | 2023-04-23      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| GALAXY PIPELINE ASSETS             | Galaxy Pipeline Assets Bidco Ltd                                                 | CUSIP: 36321PAA8<br>LEI: 549300L82YB0C6JQIC26 | Long             | DBT              | CORP              | JE        |     68207 | PA      | $62976.52     | 0.89%             | 2027-09-30      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| KAZMUNAYGAS NATIONAL CO            | KazMunayGas National Co JSC                                                      | CUSIP: 000000000<br>LEI: 2138001H1M69RFJCSH88 | Long             | DBT              | CORP              | KZ        |    200000 | PA      | $147700.00    | 2.09%             | 2033-04-14      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| MINEJESA CAPITAL BV                | Minejesa Capital BV                                                              | CUSIP: 602736AA8<br>LEI: 549300KS7ERCP10BKC35 | Long             | DBT              | CORP              | NL        |    165000 | PA      | $142209.38    | 2.02%             | 2030-08-10      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| BRF SA                             | BRF SA                                                                           | CUSIP: 10552TAG2<br>LEI: 254900MTXR9LUVQFU480 | Long             | DBT              | CORP              | BR        |     32000 | PA      | $26486.00     | 0.38%             | 2030-01-24      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| RELIANCE INDUSTRIES LTD            | Reliance Industries Ltd                                                          | CUSIP: 000000000<br>LEI: 5493003UOETFYRONLG31 | Long             | DBT              | CORP              | IN        |     43000 | PA      | $28906.32     | 0.41%             | 2052-01-12      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| MINERVA LUXEMBOURG SA              | Minerva Luxembourg SA                                                            | CUSIP: 603374AF6<br>LEI: 222100NM3G3RCPGZ2Z17 | Long             | DBT              | CORP              | LU        |     37000 | PA      | $30380.70     | 0.43%             | 2031-03-18      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| YPF SOCIEDAD ANONIMA               | YPF SA                                                                           | CUSIP: 000000000<br>LEI: 5493003N7447U18U5U53 | Long             | DBT              | CORP              | AR        |    133000 | PA      | $88644.50     | 1.26%             | 2027-07-21      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| CK HUTCH INTL 17 II LTD            | CK Hutchison International 17 II Ltd                                             | CUSIP: 000000000<br>LEI: 254900F7C0PB6TKONV55 | Long             | DBT              | CORP              | KY        |     50000 | PA      | $46478.13     | 0.66%             | 2027-09-29      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| IHS HOLDING LTD                    | IHS Holding Ltd                                                                  | CUSIP: 44963HAB1<br>LEI: 213800CLGMKL63VKTD94 | Long             | DBT              | CORP              | KY        |     41000 | PA      | $31462.38     | 0.45%             | 2028-11-29      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| SAUDI ARABIAN OIL CO               | Saudi Arabian Oil Co                                                             | CUSIP: 80414L2F1<br>LEI: 5586006WD91QHB7J4X50 | Long             | DBT              | CORP              | SA        |     65000 | PA      | $56550.00     | 0.80%             | 2049-04-16      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| GOHL CAPITAL LTD                   | Gohl Capital Ltd                                                                 | CUSIP: 000000000<br>LEI: 254900TF7OK6KSDZA888 | Long             | DBT              | CORP              | IM        |    200000 | PA      | $177000.00    | 2.51%             | 2027-01-24      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| ANGLOGOLD HOLDINGS PLC             | AngloGold Ashanti Holdings PLC                                                   | CUSIP: 03512TAE1<br>LEI: 213800745ZIXC4L6A131 | Long             | DBT              | CORP              | IM        |     50000 | PA      | $42912.50     | 0.61%             | 2030-10-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| BBVA BANCO CONTINENTAL             | Banco BBVA Peru SA                                                               | CUSIP: 000000000<br>LEI: 549300H1JNU0HLNFU552 | Long             | DBT              | CORP              | PE        |     40000 | PA      | $38600.00     | 0.55%             | 2029-09-22      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| AI CANDELARIA SPAIN SLU            | AI Candelaria Spain SA                                                           | CUSIP: 00870WAA4<br>LEI: 213800L5KA2MJ5FKRZ02 | Long             | DBT              | CORP              | ES        |     66000 | PA      | $48015.00     | 0.68%             | 2033-06-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CT TRUST                           | CT Trust                                                                         | CUSIP: 12659BAA2<br>LEI: 213800MJB7WO427HQD34 | Long             | DBT              | CORP              | GT        |     38000 | PA      | $32758.38     | 0.46%             | 2032-02-03      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| GEOPARK LTD                        | Geopark Ltd                                                                      | CUSIP: 37255BAB5<br>LEI: 529900ZR5QI19AH4KZ07 | Long             | DBT              | CORP              | BM        |     40000 | PA      | $34550.00     | 0.49%             | 2027-01-17      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ORYX FUNDING LTD                   | Oryx Funding Ltd                                                                 | CUSIP: 67114NAA9<br>LEI: 549300S728CF0BBRC295 | Long             | DBT              | CORP              | KY        |     28000 | PA      | $26412.75     | 0.37%             | 2031-02-03      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| BANCO DO BRASIL (CAYMAN)           | Banco do Brasil SA/Cayman                                                        | CUSIP: 05958AAL2<br>LEI: QE0Q0253K88YAGNPE356 | Long             | DBT              | CORP              | BR        |     31000 | PA      | $30827.95     | 0.44%             | N/A             | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| KALLPA GENERACION SA               | Kallpa Generacion SA                                                             | CUSIP: 156830AA9<br>LEI: 549300NG1PWEI5BZG095 | Long             | DBT              | CORP              | PE        |     53000 | PA      | $48239.94     | 0.68%             | 2027-08-16      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| BBVA BANCOMER SA TEXAS             | BBVA Bancomer SA/Texas                                                           | CUSIP: 05533UAF5<br>LEI: 549300WIWQK5Q9MCUN92 | Long             | DBT              | CORP              | MX        |     19000 | PA      | $16302.95     | 0.23%             | 2033-01-18      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| KLABIN AUSTRIA GMBH                | Klabin Austria GmbH                                                              | CUSIP: 49836AAB0<br>LEI: 984500578YEA8DD41B09 | Long             | DBT              | CORP              | AT        |     23000 | PA      | $21758.00     | 0.31%             | 2049-04-03      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| TSMC ARIZONA CORP                  | TSMC Arizona Corp                                                                | CUSIP: 872898AF8<br>LEI: 2549005GOBWLCSY63Q97 | Long             | DBT              | CORP              | US        |     14000 | PA      | $13442.63     | 0.19%             | 2027-04-22      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| ESKOM HOLDINGS SOC LTD             | Eskom Holdings SOC Ltd                                                           | CUSIP: 29646AAA4<br>LEI: 3789001900ED06F65111 | Long             | DBT              | CORP              | ZA        |    109000 | PA      | $106275.00    | 1.51%             | 2023-08-06      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| DIGICEL LTD                        | Digicel Ltd                                                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |     15000 | PA      | $5700.00      | 0.08%             | 2023-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| INVEST ENERGY RES LTD              | Investment Energy Resources Ltd                                                  | CUSIP: 46143NAB6<br>LEI: 254900A71Y7WHN7L5K89 | Long             | DBT              | CORP              | BM        |     58000 | PA      | $52174.63     | 0.74%             | 2029-04-26      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| RESORTS WORLD/RWLV CAP             | Resorts World Las Vegas LLC / RWLV Capital Inc                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $32506.00     | 0.46%             | 2031-04-06      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| STUDIO CITY FINANCE LTD            | Studio City Finance Ltd                                                          | CUSIP: 86389QAE2<br>LEI: 254900D6R731QAUIG324 | Long             | DBT              | CORP              | VG        |     79000 | PA      | $65577.90     | 0.93%             | 2025-07-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ACCESS BANK PLC                    | Access Bank PLC                                                                  | CUSIP: 00434G2B5<br>LEI: 029200328C3N9YI2D660 | Long             | DBT              | CORP              | NG        |     28000 | PA      | $21722.75     | 0.31%             | 2026-09-21      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| TENCENT HOLDINGS LTD               | Tencent Holdings Ltd                                                             | CUSIP: 88032WAV8<br>LEI: 254900N4SLUMW4XUYY11 | Long             | DBT              | CORP              | KY        |     14000 | PA      | $8815.24      | 0.12%             | 2050-06-03      | Fixed         | 3.24%                 | No            |                  2 | On Loan: No      |
| LG CHEM LTD                        | LG Chem Ltd                                                                      | CUSIP: 000000000<br>LEI: 988400IES4EIG7O06940 | Long             | DBT              | CORP              | KR        |     40000 | PA      | $31190.40     | 0.44%             | 2031-07-07      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| MELCO RESORTS FINANCE              | Melco Resorts Finance Ltd                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |     50000 | PA      | $40750.00     | 0.58%             | 2028-07-21      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| KALLPA GENERACION SA               | Kallpa Generacion SA                                                             | CUSIP: 48344FAA8<br>LEI: 549300NG1PWEI5BZG095 | Long             | DBT              | CORP              | PE        |     22000 | PA      | $20821.63     | 0.30%             | 2026-05-24      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| STUDIO CITY CO LTD                 | Studio City Co Ltd                                                               | CUSIP: 86400GAC3<br>LEI: N/A                  | Long             | DBT              | CORP              | VG        |     54000 | PA      | $49308.75     | 0.70%             | 2027-02-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| MGM CHINA HOLDINGS LTD             | MGM China Holdings Ltd                                                           | CUSIP: 000000000<br>LEI: 529900VZFN87OS7WJM66 | Long             | DBT              | CORP              | KY        |     53000 | PA      | $48627.50     | 0.69%             | 2026-05-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| TENCENT HOLDINGS LTD               | Tencent Holdings Ltd                                                             | CUSIP: 88032XAN4<br>LEI: 254900N4SLUMW4XUYY11 | Long             | DBT              | CORP              | KY        |     25000 | PA      | $22785.94     | 0.32%             | 2029-04-11      | Fixed         | 3.98%                 | No            |                  2 | On Loan: No      |
| JSW HYDRO ENERGY LTD               | JSW Hydro Energy Ltd                                                             | CUSIP: 000000000<br>LEI: 3358006ZP5KO7VUH2790 | Long             | DBT              | CORP              | IN        |     63480 | PA      | $53780.26     | 0.76%             | 2031-05-18      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| PTT TREASURY CENTRE                | PTT Treasury Center Co Ltd                                                       | CUSIP: 69374WAB8<br>LEI: 254900FBQLIN5XACCX50 | Long             | DBT              | CORP              | TH        |     52000 | PA      | $41902.25     | 0.59%             | 2042-10-25      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BOC AVIATION LTD                   | BOC Aviation Ltd                                                                 | CUSIP: 000000000<br>LEI: 254900H06V5RMEB3KE72 | Long             | DBT              | CORP              | SG        |    200000 | PA      | $196808.00    | 2.79%             | 2025-05-21      | Floating      | 5.98%                 | No            |                  2 | On Loan: No      |
| KLABIN AUSTRIA GMBH                | Klabin Austria GmbH                                                              | CUSIP: 49836AAC8<br>LEI: 984500578YEA8DD41B09 | Long             | DBT              | CORP              | AT        |     30000 | PA      | $23250.00     | 0.33%             | 2031-01-12      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| SAUDI ARABIAN OIL CO               | Saudi Arabian Oil Co                                                             | CUSIP: 80414L2D6<br>LEI: 5586006WD91QHB7J4X50 | Long             | DBT              | CORP              | SA        |     40000 | PA      | $37000.00     | 0.52%             | 2029-04-16      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| AKBANK TAS                         | Akbank TAS                                                                       | CUSIP: 00971YAF7<br>LEI: 789000TUMN63Z28TJ497 | Long             | DBT              | CORP              | TR        |     15000 | PA      | $14079.38     | 0.20%             | 2025-03-31      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| TULLOW OIL PLC                     | Tullow Oil PLC                                                                   | CUSIP: 899415AG8<br>LEI: 2138003EYHWO75RKS857 | Long             | DBT              | CORP              | GB        |     39000 | PA      | $33540.00     | 0.48%             | 2026-05-15      | Fixed         | 10.25%                | No            |                  2 | On Loan: No      |
| MILLICOM INTL CELLULAR             | Millicom International Cellular SA                                               | CUSIP: 600814AN7<br>LEI: 549300CTHC1CP86P2G96 | Long             | DBT              | CORP              | LU        |     27900 | PA      | $25179.75     | 0.36%             | 2028-01-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| VEDANTA RESOURCES                  | Vedanta Resources Finance II PLC                                                 | CUSIP: 92243XAE1<br>LEI: 8945002DGA3BBXO3N634 | Long             | DBT              | CORP              | GB        |     21000 | PA      | $13755.00     | 0.20%             | 2025-03-11      | Fixed         | 8.95%                 | No            |                  2 | On Loan: No      |
| AKBANK TAS                         | Akbank TAS                                                                       | CUSIP: 00972BAC3<br>LEI: 789000TUMN63Z28TJ497 | Long             | DBT              | CORP              | TR        |     16000 | PA      | $14598.00     | 0.21%             | 2028-04-27      | Fixed         | 6.80%                 | No            |                  2 | On Loan: No      |
| GRAN TIERRA ENERGY INTL            | Gran Tierra Energy International Holdings Ltd                                    | CUSIP: 38502HAA3<br>LEI: 549300RQNK5SS6I0T293 | Long             | DBT              | CORP              | KY        |     65000 | PA      | $57200.00     | 0.81%             | 2025-02-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| AYDEM YENILENEBILIR ENER           | Aydem Yenilenebilir Enerji AS                                                    | CUSIP: 054644AA7<br>LEI: 9845009C50EDA74OA532 | Long             | DBT              | CORP              | TR        |     62000 | PA      | $48321.25     | 0.69%             | 2027-02-02      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Dreyfus Government Cash Management | Dreyfus Government Cash Management                                               | CUSIP: 262006208<br>LEI: 5493000Q69I5Q3QZIA91 | Long             | STIV             | RF                | US        |    423214 | NS      | $423214.47    | 6.00%             |  |  |  | No            |                  1 | On Loan: No      |
| TSMC GLOBAL LTD                    | TSMC Global Ltd                                                                  | CUSIP: 000000000<br>LEI: 549300N2ZLI21P85T117 | Long             | DBT              | CORP              | VG        |     35000 | PA      | $26783.75     | 0.38%             | 2030-09-28      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| INKIA ENERGY LTD                   | Inkia Energy Ltd                                                                 | CUSIP: 45721RAC7<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    112000 | PA      | $105721.00    | 1.50%             | 2027-11-09      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| LEVIATHAN BOND LTD                 | Leviathan Bond Ltd                                                               | CUSIP: 000000000<br>LEI: 254900D9T8VKYVQNZ220 | Long             | DBT              | CORP              | IL        |    134000 | PA      | $126027.00    | 1.79%             | 2030-06-30      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| IHS NETHERLANDS HOLDCO             | IHS Netherlands Holdco BV                                                        | CUSIP: 44963LAC0<br>LEI: 5493006Z6YQYCCN2XI74 | Long             | DBT              | CORP              | NL        |     53000 | PA      | $43701.81     | 0.62%             | 2027-09-18      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| DP WORLD PLC                       | DP World Ltd/United Arab Emirates                                                | CUSIP: 23330JAC5<br>LEI: 549300M3U2DNF4QVSS04 | Long             | DBT              | CORP              | AE        |    149000 | PA      | $120564.10    | 1.71%             | 2049-09-30      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| TEVA PHARMACEUTICALS NE            | Teva Pharmaceutical Finance Netherlands III BV                                   | CUSIP: 88167AAE1<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |    164000 | PA      | $141931.34    | 2.01%             | 2026-10-01      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| LIQUID TELECOM FINANCE             | Liquid Telecommunications Financing Plc                                          | CUSIP: 536333AB3<br>LEI: 635400MXAVJRJJCWVI87 | Long             | DBT              | CORP              | GB        |     26000 | PA      | $17940.00     | 0.25%             | 2026-09-04      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SIXSIGMA NETWORKS MEXICO           | Sixsigma Networks Mexico SA de CV                                                | CUSIP: 83006LAB9<br>LEI: 5493000VGOF3UCTUXW26 | Long             | DBT              | CORP              | MX        |     47000 | PA      | $40772.50     | 0.58%             | 2025-05-02      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| FIRST QUANTUM MINERALS L           | First Quantum Minerals Ltd                                                       | CUSIP: 335934AP0<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |     39000 | PA      | $38324.81     | 0.54%             | 2024-03-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| MEXICO GENERADORA DE ENE           | Mexico Generadora de Energia S de rl                                             | CUSIP: 592838AA4<br>LEI: 635400GBINBYW1VUAD14 | Long             | DBT              | CORP              | MX        |     23353 | PA      | $22014.74     | 0.31%             | 2032-12-06      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| INVERSIONES CMPC SA                | Inversiones CMPC SA                                                              | CUSIP: 46128MAQ4<br>LEI: 549300G475ACIABB4385 | Long             | DBT              | CORP              | CL        |     42000 | PA      | $34545.00     | 0.49%             | 2031-04-06      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| HTA GROUP LTD                      | HTA Group Ltd/Mauritius                                                          | CUSIP: 40435WAB6<br>LEI: 213800WEFU8O8X6EPU13 | Long             | DBT              | CORP              | MU        |    120000 | PA      | $110407.20    | 1.57%             | 2025-12-18      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| LG CHEM LTD                        | LG Chem Ltd                                                                      | CUSIP: 000000000<br>LEI: 988400IES4EIG7O06940 | Long             | DBT              | CORP              | KR        |     50000 | PA      | $43508.50     | 0.62%             | 2026-07-07      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| STAR ENERGY CO ISSUE               | Star Energy Geothermal Darajat II / Star Energy Geothermal Salak                 | CUSIP: 85513LAB0<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |      5000 | PA      | $4036.88      | 0.06%             | 2038-10-14      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| CEMEX SAB DE CV                    | Cemex SAB de CV                                                                  | CUSIP: 151290CA9<br>LEI: 549300RIG2CXWN6IV731 | Long             | DBT              | CORP              | MX        |     57000 | PA      | $50160.00     | 0.71%             | N/A             | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| BANGKOK BANK PCL/HK                | Bangkok Bank PCL/Hong Kong                                                       | CUSIP: 059895AT9<br>LEI: 549300CCL2BKJGMYXV60 | Long             | DBT              | CORP              | TH        |     50000 | PA      | $40868.75     | 0.58%             | 2034-09-25      | Fixed         | 3.73%                 | No            |                  2 | On Loan: No      |
| AFRICA FINANCE CORP                | Africa Finance Corp                                                              | CUSIP: 00830YAD3<br>LEI: 213800LXFHRRXIJRXW97 | Long             | DBT              | CORP              | N/A       |     63000 | PA      | $51345.00     | 0.73%             | 2028-04-28      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| YPF SOCIEDAD ANONIMA               | YPF SA                                                                           | CUSIP: 984245AL4<br>LEI: 5493003N7447U18U5U53 | Long             | DBT              | CORP              | AR        |     16000 | PA      | $12503.00     | 0.18%             | 2025-07-28      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| PROSUS NV                          | Prosus NV                                                                        | CUSIP: 000000000<br>LEI: 635400Z5LQ5F9OLVT688 | Long             | DBT              | CORP              | NL        |     37000 | PA      | $29740.60     | 0.42%             | 2030-01-21      | Fixed         | 3.68%                 | No            |                  2 | On Loan: No      |
| BANCO DE CREDITO DEL PER           | Banco de Credito del Peru S.A.                                                   | CUSIP: 05971U2C0<br>LEI: 549300EQYQ8SCQZ4BY14 | Long             | DBT              | CORP              | PE        |     28000 | PA      | $25336.50     | 0.36%             | 2030-07-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| GREENKO DUTCH BV                   | Greenko Dutch BV                                                                 | CUSIP: 39530LAD2<br>LEI: 724500PT585P4JPVRP08 | Long             | DBT              | CORP              | NL        |     61120 | PA      | $52181.20     | 0.74%             | 2026-03-29      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| MELCO RESORTS FINANCE              | Melco Resorts Finance Ltd                                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |     37000 | PA      | $30340.00     | 0.43%             | 2027-07-17      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| MSU ENERGY SA / UGEN SA            | MSU Energy SA / UGEN SA / UENSA SA                                               | CUSIP: 76706AAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | AR        |     92000 | PA      | $59282.50     | 0.84%             | 2025-02-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| VF UKRAINE (VFU FUNDING)           | VF Ukraine PAT via VFU Funding PLC                                               | CUSIP: 918212AA9<br>LEI: N/A                  | Long             | DBT              | CORP              | UA        |     55000 | PA      | $28747.81     | 0.41%             | 2025-02-11      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| SOUTHERN COPPER CORP               | Southern Copper Corp                                                             | CUSIP: 84265VAE5<br>LEI: 2549007U6NAP46Q9TU15 | Long             | DBT              | CORP              | US        |     21000 | PA      | $22657.69     | 0.32%             | 2040-04-16      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| BANK OF CHINA                      | Bank of China Ltd                                                                | CUSIP: 06120TAA6<br>LEI: 54930053HGCFWVHYZX42 | Long             | DBT              | CORP              | CN        |     46000 | PA      | $45465.94     | 0.64%             | 2024-11-13      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NATURA &CO LUX HLD SARL            | Natura &Co Luxembourg Holdings Sarl                                              | CUSIP: 63884WAA6<br>LEI: 54930074AZRQQPMINM11 | Long             | DBT              | CORP              | LU        |     50000 | PA      | $41681.25     | 0.59%             | 2029-04-19      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| SASOL FINANCING USA LLC            | Sasol Financing USA LLC                                                          | CUSIP: 80386WAA3<br>LEI: 549300XRB1PFMESFEL85 | Long             | DBT              | CORP              | US        |     19000 | PA      | $18810.95     | 0.27%             | 2024-03-27      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ECOPETROL SA                       | Ecopetrol SA                                                                     | CUSIP: 279158AL3<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |     29000 | PA      | $27030.18     | 0.38%             | 2026-06-26      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| INDIKA ENERGY CAPITAL IV           | Indika Energy Capital IV Pte Ltd                                                 | CUSIP: 000000000<br>LEI: 254900LQ197HY24XVH34 | Long             | DBT              | CORP              | SG        |     46000 | PA      | $44735.00     | 0.63%             | 2025-10-22      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| VEDANTA RESOURCES                  | Vedanta Resources Finance II PLC                                                 | CUSIP: 92243XAD3<br>LEI: 8945002DGA3BBXO3N634 | Long             | DBT              | CORP              | GB        |     46000 | PA      | $39209.25     | 0.56%             | 2024-01-21      | Fixed         | 13.88%                | No            |                  2 | On Loan: No      |
| POINSETTIA FINANCE LTD             | Poinsettia Finance Ltd                                                           | CUSIP: 000000000<br>LEI: 549300P2JTF5JKW10Z65 | Long             | DBT              | CORP              | KY        |     57645 | PA      | $49953.00     | 0.71%             | 2031-06-17      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| CEMEX SAB DE CV                    | Cemex SAB de CV                                                                  | CUSIP: 151290BZ5<br>LEI: 549300RIG2CXWN6IV731 | Long             | DBT              | CORP              | MX        |     54000 | PA      | $43716.38     | 0.62%             | 2031-07-11      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| TOWNGAS FINANCE LTD                | Towngas Finance Ltd                                                              | CUSIP: 000000000<br>LEI: 254900V5OGCUFENZG093 | Long             | DBT              | CORP              | VG        |    200000 | PA      | $191787.50    | 2.72%             | N/A             | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| WOORI BANK                         | Woori Bank                                                                       | CUSIP: 98105HAC4<br>LEI: 549300VUVMRL6RE7R376 | Long             | DBT              | CORP              | KR        |     60000 | PA      | $58755.00     | 0.83%             | 2024-04-30      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ALTICE FINANCING SA                | Altice Financing SA                                                              | CUSIP: 02154CAF0<br>LEI: 549300DIYGW8HVDF7Q17 | Long             | DBT              | CORP              | LU        |     94000 | PA      | $76692.72     | 1.09%             | 2028-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SIERRACOL ENRGY ANDINA             | SierraCol Energy Andina LLC                                                      | CUSIP: 82653LAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     61000 | PA      | $44835.00     | 0.64%             | 2028-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ATP TOW / AND TELECOM              | ATP Tower Holdings LLC / Andean Tower Partners Colombia SAS / Andean Telecom Par | CUSIP: 00216DAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |     52000 | PA      | $44902.00     | 0.64%             | 2026-04-27      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| PETROBRAS GLOBAL FINANCE           | Petrobras Global Finance BV                                                      | CUSIP: 71647NBD0<br>LEI: 549300FNENFFSMO3GT38 | Long             | DBT              | CORP              | NL        |     35000 | PA      | $30599.10     | 0.43%             | 2049-03-19      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| BRASKEM NETHERLANDS                | Braskem Netherlands Finance BV                                                   | CUSIP: 10554TAE5<br>LEI: 2549000TLMHFQ74DS330 | Long             | DBT              | CORP              | NL        |     13000 | PA      | $10179.00     | 0.14%             | 2050-01-31      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| CENCOSUD SA                        | Cencosud SA                                                                      | CUSIP: 15132HAH4<br>LEI: 549300NLTGCFV7482429 | Long             | DBT              | CORP              | CL        |     14000 | PA      | $12987.63     | 0.18%             | 2027-07-17      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| BHARTI AIRTEL LTD                  | Bharti Airtel Ltd                                                                | CUSIP: 000000000<br>LEI: 335800KQ1FPKOQ84OR26 | Long             | DBT              | CORP              | IN        |     15000 | PA      | $14476.88     | 0.21%             | 2025-06-10      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| FREEPORT INDONESIA PT              | Freeport Indonesia PT                                                            | CUSIP: 69377FAA4<br>LEI: 549300T4HTQHRKLNE619 | Long             | DBT              | CORP              | ID        |     68000 | PA      | $65117.48     | 0.92%             | 2027-04-14      | Fixed         | 4.76%                 | No            |                  2 | On Loan: No      |
| CELULOSA ARAUCO CONSTITU           | Celulosa Arauco y Constitucion SA                                                | CUSIP: 151191BG7<br>LEI: 549300QEKV8G0AMNQD28 | Long             | DBT              | CORP              | CL        |     68000 | PA      | $56185.00     | 0.80%             | 2049-04-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ACWA POWER MGMT INVST              | Acwa Power Management And Investments One Ltd                                    | CUSIP: 005117AA4<br>LEI: 635400M3OWQGQBZOYO38 | Long             | DBT              | CORP              | AE        |    102794 | PA      | $95598.42     | 1.36%             | 2039-12-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| ADECOAGRO SA                       | Adecoagro SA                                                                     | CUSIP: 00676LAA4<br>LEI: 529900Q00UR5LFELO811 | Long             | DBT              | CORP              | LU        |      8000 | PA      | $7426.50      | 0.11%             | 2027-09-21      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| COMETA ENERGIA SA                  | Cometa Energia SA de CV                                                          | CUSIP: 20039FAA7<br>LEI: 5493007L8UH7TYXKI505 | Long             | DBT              | CORP              | MX        |     47992 | PA      | $43726.71     | 0.62%             | 2035-04-24      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| TENCENT HOLDINGS LTD               | Tencent Holdings Ltd                                                             | CUSIP: 88032WAU0<br>LEI: 254900N4SLUMW4XUYY11 | Long             | DBT              | CORP              | KY        |     14000 | PA      | $11305.00     | 0.16%             | 2030-06-03      | Fixed         | 2.39%                 | No            |                  2 | On Loan: No      |
| FIRST QUANTUM MINERALS L           | First Quantum Minerals Ltd                                                       | CUSIP: 335934AL9<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |     65000 | PA      | $64057.50     | 0.91%             | 2025-04-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| BANCO MERCANTIL DE NORTE           | Banco Mercantil del Norte SA/Grand Cayman                                        | CUSIP: 05971PAB4<br>LEI: 549300QTVYRPFHS0J362 | Long             | DBT              | CORP              | MX        |     43000 | PA      | $37382.05     | 0.53%             | N/A             | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| THAIOIL TRSRY CENTER               | Thaioil Treasury Center Co Ltd                                                   | CUSIP: 88323AAB8<br>LEI: 549300NH03B9E8VGJR89 | Long             | DBT              | CORP              | TH        |     40000 | PA      | $31250.00     | 0.44%             | 2043-01-23      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| DIG INTL FIN/DIG INTL HL           | Digicel International Finance Ltd/Digicel international Holdings Ltd             | CUSIP: 25381XAC7<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |     34000 | PA      | $17170.00     | 0.24%             | 2026-12-31      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| USIMINAS INTERNATIONAL             | Usiminas International Sarl                                                      | CUSIP: 91734JAA8<br>LEI: 529900KLYX6QPXVIVP43 | Long             | DBT              | CORP              | LU        |     76000 | PA      | $72950.50     | 1.03%             | 2026-07-18      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                | Petroleos Mexicanos                                                              | CUSIP: 706451BG5<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |     33000 | PA      | $23202.30     | 0.33%             | 2035-06-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| MC BRAZIL DWNSTRM                  | MC Brazil Downstream Trading SARL                                                | CUSIP: 55292WAA8<br>LEI: 213800T2A7R9TYNXZI63 | Long             | DBT              | CORP              | LU        |     48000 | PA      | $39600.00     | 0.56%             | 2031-06-30      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| NETWORK I2I LTD                    | Network i2i Ltd                                                                  | CUSIP: 64132NAA4<br>LEI: 2549003L8M1FGHLHOX45 | Long             | DBT              | CORP              | MU        |    170000 | PA      | $161177.00    | 2.29%             | N/A             | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| MELCO RESORTS FINANCE              | Melco Resorts Finance Ltd                                                        | CUSIP: 58547DAE9<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |     32000 | PA      | $26080.00     | 0.37%             | 2028-07-21      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| AI CANDELARIA SPAIN SLU            | AI Candelaria Spain SA                                                           | CUSIP: 001355AA4<br>LEI: 213800L5KA2MJ5FKRZ02 | Long             | DBT              | CORP              | ES        |     31000 | PA      | $28907.50     | 0.41%             | 2028-12-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| TSMC ARIZONA CORP                  | TSMC Arizona Corp                                                                | CUSIP: 872898AG6<br>LEI: 2549005GOBWLCSY63Q97 | Long             | DBT              | CORP              | US        |     23000 | PA      | $21941.08     | 0.31%             | 2029-04-22      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| ECOPETROL SA                       | Ecopetrol SA                                                                     | CUSIP: 279158AE9<br>LEI: 254900IDGKCJICKBPA66 | Long             | DBT              | CORP              | CO        |     73000 | PA      | $60475.03     | 0.86%             | 2043-09-18      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| BRASKEM IDESA SAPI                 | Braskem Idesa SAPI                                                               | CUSIP: 10554NAB4<br>LEI: YH0V7ZHY352ITDGEYB83 | Long             | DBT              | CORP              | MX        |     41000 | PA      | $28853.75     | 0.41%             | 2032-02-20      | Fixed         | 6.99%                 | No            |                  2 | On Loan: No      |
| DIG INTL FIN/DIG INTL HL           | Digicel International Finance Ltd/Digicel international Holdings Ltd             | CUSIP: 25381XAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |     16000 | PA      | $13920.00     | 0.20%             | 2024-05-25      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| MONG DUONG FIN HLDGS BV            | Mong Duong Finance Holdings BV                                                   | CUSIP: 60935DAA3<br>LEI: 549300995KGQFMWSV879 | Long             | DBT              | CORP              | NL        |    111000 | PA      | $94350.00     | 1.34%             | 2029-05-07      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| ENN CLEAN ENERGY                   | ENN Clean Energy International Investment Ltd                                    | CUSIP: 268733AA0<br>LEI: 3003009YZ3S5V395NR77 | Long             | DBT              | CORP              | VG        |    131000 | PA      | $112823.75    | 1.60%             | 2026-05-12      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| TURKIYE GARANTI BANKASI            | Turkiye Garanti Bankasi AS                                                       | CUSIP: 900148AE7<br>LEI: 5493002XSS7K7RHN1V37 | Long             | DBT              | CORP              | TR        |     60000 | PA      | $53805.00     | 0.76%             | 2027-05-24      | Fixed         | 7.18%                 | No            |                  2 | On Loan: No      |
| YPF SOCIEDAD ANONIMA               | YPF SA                                                                           | CUSIP: 000000000<br>LEI: 5493003N7447U18U5U53 | Long             | DBT              | CORP              | AR        |     19000 | PA      | $14847.31     | 0.21%             | 2025-07-28      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS                | Petroleos Mexicanos                                                              | CUSIP: 71654QDD1<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |     48000 | PA      | $32673.60     | 0.46%             | 2050-01-23      | Fixed         | 7.69%                 | No            |                  2 | On Loan: No      |
| WANDA PROPERTIES INTL              | Wanda Properties International Co Ltd                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | VG        |    200000 | PA      | $159412.50    | 2.26%             | 2024-01-29      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| INDONESIA ASAHAN ALUMINI           | Indonesia Asahan Aluminium Persero PT                                            | CUSIP: 74445PAF9<br>LEI: 2549008P48EB9SN2OI80 | Long             | DBT              | CORP              | ID        |     60000 | PA      | $56205.00     | 0.80%             | 2030-05-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| AMERICA MOVIL SAB DE CV            | America Movil SAB de CV                                                          | CUSIP: 03217KAB4<br>LEI: 5493000FNR3UCEAONM59 | Long             | DBT              | CORP              | MX        |     33000 | PA      | $30318.75     | 0.43%             | 2032-04-04      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| SIMPAR EUROPE SA                   | Simpar Europe SA                                                                 | CUSIP: 82883PAA2<br>LEI: 54930068BSUST41D5C30 | Long             | DBT              | CORP              | LU        |     45000 | PA      | $33750.00     | 0.48%             | 2031-01-26      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| BANK LEUMI LE-ISRAEL               | Bank Leumi Le-Israel BM                                                          | CUSIP: 000000000<br>LEI: 7JDSZWRGUQY2DSTWCR57 | Long             | DBT              | CORP              | IL        |    200000 | PA      | $198180.00    | 2.81%             | 2027-07-27      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| BANCO MERCANTIL DE NORTE           | Banco Mercantil del Norte SA/Grand Cayman                                        | CUSIP: 05971PAA6<br>LEI: 549300QTVYRPFHS0J362 | Long             | DBT              | CORP              | MX        |     53000 | PA      | $50668.00     | 0.72%             | N/A             | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| GOL FINANCE SA                     | Gol Finance SA                                                                   | CUSIP: 36254VAA6<br>LEI: 5299007RH8MA67ZC6J07 | Long             | DBT              | CORP              | LU        |     66000 | PA      | $27720.00     | 0.39%             | 2025-01-31      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| TULLOW OIL PLC                     | Tullow Oil PLC                                                                   | CUSIP: 899415AE3<br>LEI: 2138003EYHWO75RKS857 | Long             | DBT              | CORP              | GB        |     45000 | PA      | $30825.00     | 0.44%             | 2025-03-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| FEL ENERGY VI SARL                 | FEL Energy VI Sarl                                                               | CUSIP: 30260LAA3<br>LEI: 254900H2U8PBIY32VI94 | Long             | DBT              | CORP              | LU        |     10361 | PA      | $8444.03      | 0.12%             | 2040-12-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| GOLDEN EAGLE RETAIL GRP            | Golden Eagle Retail Group Ltd                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |     44000 | PA      | $41849.50     | 0.59%             | 2023-05-21      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| STUDIO CITY FINANCE LTD            | Studio City Finance Ltd                                                          | CUSIP: 86389QAG7<br>LEI: 254900D6R731QAUIG324 | Long             | DBT              | CORP              | VG        |     38000 | PA      | $26885.00     | 0.38%             | 2029-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SHINHAN BANK                       | Shinhan Bank Co Ltd                                                              | CUSIP: 82460EAJ9<br>LEI: 5493003P813VL21KG928 | Long             | DBT              | CORP              | KR        |     60000 | PA      | $55991.10     | 0.79%             | 2026-03-24      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| JBS USA/FOOD/FINANCE               | JBS USA LUX SA / JBS USA Food Co / JBS USA Finance Inc                           | CUSIP: 46590XAE6<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |     62000 | PA      | $45071.52     | 0.64%             | 2052-02-02      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| IOCHPE-MAX/MAX WHEELS MX           | Iochpe-Maxion Austria GmbH / Maxion Wheels de Mexico S de RL de CV               | CUSIP: 46188AAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | AT        |     37000 | PA      | $30670.69     | 0.43%             | 2028-05-07      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FREEPORT INDONESIA PT              | Freeport Indonesia PT                                                            | CUSIP: 000000000<br>LEI: 549300T4HTQHRKLNE619 | Long             | DBT              | CORP              | ID        |     30000 | PA      | $27525.00     | 0.39%             | 2032-04-14      | Fixed         | 5.32%                 | No            |                  2 | On Loan: No      |
| NEXA RESOURCES SA                  | Nexa Resources SA                                                                | CUSIP: 65290DAA1<br>LEI: 549300QRMRHM7GAU7L47 | Long             | DBT              | CORP              | LU        |     45000 | PA      | $43481.25     | 0.62%             | 2028-01-18      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| METINVEST BV                       | Metinvest BV                                                                     | CUSIP: 591555AF4<br>LEI: 635400TMCKVEU87EJ582 | Long             | DBT              | CORP              | NL        |     75000 | PA      | $37607.81     | 0.53%             | 2029-10-17      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| BHARTI AIRTEL LTD                  | Bharti Airtel Ltd                                                                | CUSIP: 08860HAC8<br>LEI: 335800KQ1FPKOQ84OR26 | Long             | DBT              | CORP              | IN        |     33000 | PA      | $28315.98     | 0.40%             | 2031-06-03      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| INDIKA ENERGY CAPITAL IV           | Indika Energy Capital IV Pte Ltd                                                 | CUSIP: 45569GAA0<br>LEI: 254900LQ197HY24XVH34 | Long             | DBT              | CORP              | SG        |      6000 | PA      | $5835.00      | 0.08%             | 2025-10-22      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| GUARA NORTE SARL                   | Guara Norte Sarl                                                                 | CUSIP: 400666AA1<br>LEI: 549300U2I4L03BBA3485 | Long             | DBT              | CORP              | LU        |     10298 | PA      | $8465.31      | 0.12%             | 2034-06-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-24

**Name of Applicant:** Virtus Opportunities Trust

**Signature:** Amy Hackett

**Name of Signer:** Amy Hackett

**Title:** Vice President and Assistant Treasurer