# EDGAR Filing Document

**Accession Number:** 0001648403
**File Stem:** 0000940400-26-026130
**Filing Date:** 2026-6
**Character Count:** 98474
**Document Hash:** 838732f61a0d2e13359b437cdbadcfe8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-026130.hdr.sgml**: 20260626

**ACCESSION NUMBER**: 0000940400-26-026130

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260430

**FILED AS OF DATE**: 20260626

**DATE AS OF CHANGE**: 20260626

**PERIOD START**: 20260731

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23078
- **FILM NUMBER:** 261128314

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

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

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

## Series and Classes Contracts Data

### Virtus Newfleet Short Duration High Yield Bond ETF (Series ID: S000051570)

| Class ID   | Class Name                                         | Ticker Symbol   |
|:---|:---|:---|
| C000162265 | Virtus Newfleet Short Duration High Yield Bond ETF | VSHY            |

## Nport-Ex

Schedule of Investments - Virtus Newfleet Short Duration High Yield Bond ETF

April 30, 2026 (unaudited)

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal** | **Value** |
| **CORPORATE BONDS – 81.7%** | **CORPORATE BONDS – 81.7%** | |
| **Commercial & Residential Mortgage Finance – 0.5%** |  |  |
| Rocket Cos., Inc., 6.13%, 08/01/30<sup>(1)</sup> | $150000 | $152303 |
| **Communication Services – 6.6%** |  |  |
| CCO Holdings LLC / CCO Holdings Capital Corp., 6.38%, 09/01/29<sup>(1)</sup> | 332000 | 332774 |
| CCO Holdings LLC / CCO Holdings Capital Corp., 7.38%, 03/01/31<sup>(1)</sup> | 75000 | 75966 |
| Cipher Compute LLC, 7.13%, 11/15/30<sup>(1)</sup> | 100000 | 103776 |
| CSC Holdings LLC, 11.25%, 05/15/28<sup>(1)</sup> | 105000 | 85506 |
| Directv Financing LLC, 8.88%, 02/01/30<sup>(1)</sup> | 90000 | 91564 |
| Directv Financing LLC, 8.88%, 02/01/30<sup>(1)</sup> | 20000 | 20394 |
| Directv Financing LLC / Directv Financing Co.-Obligor, Inc., 5.88%, 08/15/27<sup>(1)</sup> | 130000 | 130178 |
| DISH Network Corp., 11.75%, 11/15/27<sup>(1)</sup> | 125000 | 129124 |
| Gray Media, Inc., 9.63%, 07/15/32<sup>(1)</sup> | 100000 | 101738 |
| Gray Media, Inc., 7.25%, 08/15/33<sup>(1)</sup> | 55000 | 56032 |
| McGraw-Hill Education, Inc., 5.75%, 08/01/28<sup>(1)</sup> | 230000 | 228416 |
| Meridian Arc Holdco LLC, 6.25%, 04/30/31<sup>(1)</sup> | 40000 | 40009 |
| Nexstar Media, Inc., 6.50%, 09/15/33<sup>(1)</sup> | 65000 | 65542 |
| Nexstar Media, Inc., 7.25%, 04/15/34<sup>(1)</sup> | 35000 | 35249 |
| Oak-Eagle Acquireco, Inc., 7.25%, 07/01/33<sup>(1)</sup> | 105000 | 108241 |
| Rackspace Technology Global, Inc., 5.38%, 12/01/28<sup>(1)</sup> | 50000 | 19000 |
| Sinclair Television Group, Inc., 8.13%, 02/15/33<sup>(1)</sup> | 145000 | 150251 |
| SV RNO Property Owner 1 LLC, 5.88%, 03/01/31<sup>(1)</sup> | 90000 | 88362 |
| Univision Communications, Inc., 7.38%, 06/30/30<sup>(1)</sup> | 150000 | 149953 |
| Total Communication Services |  | 2012075 |
| **Consumer Discretionary – 8.3%** |  |  |
| Aptiv Swiss Holdings Ltd., 6.88%, (US 5 Year CMT T- Note + 3.39%), 12/15/54<sup>(2)</sup> | 160000 | 164123 |
| Caesars Entertainment, Inc., 4.63%, 10/15/29<sup>(1)</sup> | 80000 | 77262 |
| Churchill Downs, Inc., 5.75%, 04/01/30<sup>(1)</sup> | 340000 | 339089 |
| Ford Motor Co., 3.25%, 02/12/32 | 95000 | 83388 |
| Hilton Domestic Operating Co., Inc., 5.88%, 04/01/29<sup>(1)</sup> | 165000 | 167366 |
| Hilton Domestic Operating Co., Inc., 4.00%, 05/01/31<sup>(1)</sup> | 165000 | 156377 |
| Hilton Grand Vacations Borrower LLC / Hilton Grand Vacations Borrower, Inc., 5.00%, 06/01/29<sup>(1)</sup> | 125000 | 121045 |
| Newell Brands, Inc., 6.38%, 09/15/27 | 60000 | 60601 |
| Newell Brands, Inc., 6.63%, 09/15/29 | 324000 | 323998 |
| Newell Brands, Inc., 6.38%, 05/15/30 | 80000 | 78402 |
| Nissan Motor Acceptance Co. LLC, 5.63%, 09/29/28<sup>(1)</sup> | 125000 | 124370 |
| Risewell Homes, Inc., 9.25%, 10/01/29<sup>(1)</sup> | 135000 | 140245 |
| Risewell Homes, Inc., 8.50%, 11/01/30<sup>(1)</sup> | 15000 | 15345 |
| Rivers Enterprise Borrower LLC, 6.25%, 10/15/30<sup>(1)</sup> | 75000 | 76331 |
| Taylor Morrison Communities, Inc., 5.75%, 11/15/32<sup>(1)</sup> | 10000 | 10116 |
| Under Armour, Inc., 7.25%, 07/15/30<sup>(1)</sup> | 120000 | 122545 |
| Weekley Homes LLC / Weekley Finance Corp., 4.88%, 09/15/28<sup>(1)</sup> | 350000 | 342749 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal** | **Value** |
| **CORPORATE BONDS (continued)** | **CORPORATE BONDS (continued)** | |
| **Consumer Discretionary (continued)** |  |  |
| WULF Compute LLC, 7.75%, 10/15/30<sup>(1)</sup> | $110000 | $115677 |
| Total Consumer Discretionary |  | 2519029 |
| **Consumer Staples – 1.7%** |  |  |
| Albertsons Cos., Inc. / Safeway, Inc. / New Albertsons LP / Albertsons LLC, 4.88%, 02/15/30<sup>(1)</sup> | 135000 | 132229 |
| Albertsons Cos., Inc. / Safeway, Inc. / New Albertsons LP / Albertsons LLC, 5.50%, 03/31/31<sup>(1)</sup> | 80000 | 79656 |
| Post Holdings, Inc., 6.25%, 02/15/32<sup>(1)</sup> | 60000 | 61221 |
| Post Holdings, Inc., 6.38%, 03/01/33<sup>(1)</sup> | 25000 | 25006 |
| Primo Water Holdings, Inc. / Triton Water Holdings, Inc., 6.25%, 04/01/29<sup>(1)</sup> | 230000 | 230439 |
| Total Consumer Staples |  | 528551 |
| **Energy – 16.5%** |  |  |
| Alliance Resource Operating Partners LP / Alliance Resource Finance Corp., 8.63%, 06/15/29<sup>(1)</sup> | 355000 | 371401 |
| Antero Midstream Partners LP / Antero Midstream Finance Corp., 6.63%, 02/01/32<sup>(1)</sup> | 225000 | 230848 |
| Ascent Resources Utica Holdings LLC / ARU Finance Corp., 6.63%, 10/15/32<sup>(1)</sup> | 230000 | 236326 |
| Bristow Group, Inc., 6.75%, 02/01/33<sup>(1)</sup> | 60000 | 61090 |
| Buckeye Partners LP, 6.75%, 02/01/30<sup>(1)</sup> | 335000 | 346722 |
| Caturus Energy LLC, 8.50%, 02/15/30<sup>(1)</sup> | 165000 | 172599 |
| DBR Land Holdings LLC, 6.25%, 12/01/30<sup>(1)</sup> | 75000 | 76823 |
| Energy Transfer LP, 8.00%, (US 5 Year CMT T- Note + 4.02%), 05/15/54<sup>(2)</sup> | 170000 | 180291 |
| Genesis Energy LP / Genesis Energy Finance Corp., 8.88%, 04/15/30 | 320000 | 335412 |
| Gulfport Energy Operating Corp., 6.75%, 09/01/29<sup>(1)</sup> | 325000 | 333827 |
| Helix Energy Solutions Group, Inc., 9.75%, 03/01/29<sup>(1)</sup> | 305000 | 320499 |
| Hilcorp Energy I LP / Hilcorp Finance Co., 5.75%, 02/01/29<sup>(1)</sup> | 350000 | 349964 |
| Kodiak Gas Services LLC, 6.50%, 10/01/33<sup>(1)</sup> | 150000 | 153516 |
| Noble Finance II LLC, 8.00%, 04/15/30<sup>(1)</sup> | 330000 | 343354 |
| Prairie Acquiror LP, 9.00%, 08/01/29<sup>(1)</sup> | 75000 | 78361 |
| SM Energy Co., 8.75%, 07/01/31<sup>(1)</sup> | 20000 | 20989 |
| Sunoco LP / Sunoco Finance Corp., 7.00%, 09/15/28<sup>(1)</sup> | 365000 | 373890 |
| Tidewater, Inc., 9.13%, 07/15/30<sup>(1)</sup> | 85000 | 91557 |
| Transocean International Ltd., 8.75%, 02/15/30<sup>(1)</sup> | 259000 | 271397 |
| Transocean International Ltd., 7.88%, 10/15/32<sup>(1)</sup> | 40000 | 42880 |
| USA Compression Partners LP / USA Compression Finance Corp., 7.13%, 03/15/29<sup>(1)</sup> | 325000 | 335994 |
| Venture Global LNG, Inc., 7.00%, 01/15/30<sup>(1)</sup> | 245000 | 252125 |
| Venture Global LNG, Inc., 9.88%, 02/01/32<sup>(1)</sup> | 50000 | 53666 |
| Total Energy |  | 5033531 |

---

Schedule of Investments - Virtus Newfleet Short Duration High Yield Bond ETF (continued)

April 30, 2026 (unaudited)

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal** | **Value** |
| **CORPORATE BONDS (continued)** | **CORPORATE BONDS (continued)** | |
| **Financials – 13.0%** | **Financials – 13.0%** | |
| Alliant Holdings Intermediate LLC / Alliant Holdings Co.-Issuer, 6.75%, 04/15/28<sup>(1)</sup> | $235000 | $238142 |
| Ally Financial, Inc., 8.00%, 11/01/31 | 135000 | 150843 |
| Apollo Debt Solutions BDC, 6.90%, 04/13/29 | 149000 | 153885 |
| Apollo Debt Solutions BDC, 5.88%, 08/30/30 | 178000 | 176485 |
| Azorra Finance Ltd., 7.25%, 01/15/31<sup>(1)</sup> | 130000 | 133256 |
| Blue Owl Credit Income Corp., 3.13%, 09/23/26 | 400000 | 396044 |
| Blue Owl Credit Income Corp., 6.65%, 03/15/31 | 69000 | 68754 |
| Citadel Finance LLC, 4.75%, 02/14/29<sup>(1)</sup> | 110000 | 108358 |
| Citadel Finance LLC, 5.15%, 02/14/31<sup>(1)</sup> | 15000 | 14655 |
| F&G Annuities & Life, Inc., 6.50%, 06/04/29 | 180000 | 182203 |
| Focus Financial Partners LLC, 6.75%, 09/15/31<sup>(1)</sup> | 225000 | 229049 |
| Global Atlantic Finance Co., 7.95%, (US 5 Year CMT T- Note + 3.61%), 10/15/54<sup>(1)(2)</sup> | 320000 | 321689 |
| Hub International Ltd., 7.25%, 06/15/30<sup>(1)</sup> | 325000 | 336385 |
| Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp., 4.25%, 02/01/27<sup>(1)</sup> | 235000 | 233229 |
| Liberty Mutual Group, Inc., 4.13%, (US 5 Year CMT T- Note + 3.32%), 12/15/51<sup>(1)(2)</sup> | 190000 | 187948 |
| Midcap Financial Issuer Trust, 6.50%, 05/01/28<sup>(1)</sup> | 355000 | 352416 |
| OneMain Finance Corp., 7.88%, 03/15/30 | 315000 | 328561 |
| OneMain Finance Corp., 7.13%, 11/15/31 | 80000 | 81173 |
| Panther Escrow Issuer LLC, 7.13%, 06/01/31<sup>(1)</sup> | 265000 | 266391 |
| Total Financials |  | 3959466 |
| **Health Care – 9.5%** |  |  |
| Acadia Healthcare Co., Inc., 5.50%, 07/01/28<sup>(1)</sup> | 240000 | 238956 |
| AdaptHealth LLC, 6.13%, 08/01/28<sup>(1)</sup> | 215000 | 215095 |
| Amneal Pharmaceuticals LLC, 6.88%, 08/01/32<sup>(1)</sup> | 10000 | 10398 |
| Centene Corp., 4.63%, 12/15/29 | 110000 | 107292 |
| Charles River Laboratories International, Inc., 4.25%, 05/01/28<sup>(1)</sup> | 105000 | 103173 |
| CHS/Community Health Systems, Inc., 4.75%, 02/15/31<sup>(1)</sup> | 20000 | 18726 |
| CVS Health Corp., 7.00%, (US 5 Year CMT T- Note + 2.89%), 03/10/55<sup>(2)</sup> | 335000 | 347793 |
| DaVita, Inc., 4.63%, 06/01/30<sup>(1)</sup> | 203000 | 196606 |
| DENTSPLY SIRONA, Inc., 8.38%, (US 5 Year CMT T- Note + 4.38%), 09/12/55<sup>(2)</sup> | 160000 | 160951 |
| Endo Finance Holdings LP, 8.50%, 04/15/31<sup>(1)</sup> | 310000 | 328747 |
| Global Medical Response, Inc., 7.38%, 10/01/32<sup>(1)</sup> | 75000 | 78226 |
| IQVIA, Inc., 6.25%, 06/01/32<sup>(1)</sup> | 180000 | 183536 |
| Medline Borrower LP, 5.25%, 10/01/29<sup>(1)</sup> | 345000 | 343534 |
| Organon & Co. / Organon Foreign Debt Co.-Issuer BV, 4.13%, 04/30/28<sup>(1)</sup> | 190000 | 187626 |
| Organon & Co. / Organon Foreign Debt Co.-Issuer BV, 5.13%, 04/30/31<sup>(1)</sup> | 35000 | 34803 |
| Pediatrix Medical Group, Inc., 5.38%, 02/15/30<sup>(1)</sup> | 135000 | 134315 |
| Tenet Healthcare Corp., 5.50%, 11/15/32<sup>(1)</sup> | 200000 | 199592 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal** | **Value** |
| **CORPORATE BONDS (continued)** | **CORPORATE BONDS (continued)** | |
| **Health Care (continued)** |  | |
| Total Health Care |  | $2889369 |
| **Industrials – 7.6%** |  |  |
| Arsenal AIC Parent LLC, 8.00%, 10/01/30<sup>(1)</sup> | 70000 | 73269 |
| Builders FirstSource, Inc., 5.00%, 03/01/30<sup>(1)</sup> | 185000 | 181175 |
| Esab Corp., 5.63%, 04/01/31<sup>(1)</sup> | 20000 | 20234 |
| FTAI Aviation Investors LLC, 5.50%, 05/01/28<sup>(1)</sup> | 195000 | 195037 |
| FTAI Aviation Investors LLC, 7.00%, 05/01/31<sup>(1)</sup> | 85000 | 88032 |
| GFL Environmental, Inc., 4.75%, 06/15/29<sup>(1)</sup> | 155000 | 153276 |
| Global Infrastructure Solutions, Inc., 5.63%, 06/01/29<sup>(1)</sup> | 240000 | 239783 |
| Herc Holdings, Inc., 7.00%, 06/15/30<sup>(1)</sup> | 175000 | 182171 |
| Herc Holdings, Inc., 5.75%, 03/15/31<sup>(1)</sup> | 5000 | 5015 |
| Icahn Enterprises LP / Icahn Enterprises Finance Corp., 5.25%, 05/15/27 | 30000 | 29731 |
| Icahn Enterprises LP / Icahn Enterprises Finance Corp., 10.00%, 11/15/29<sup>(1)</sup> | 175000 | 176746 |
| Science Applications International Corp., 4.88%, 04/01/28<sup>(1)</sup> | 85000 | 84481 |
| Standard Industries, Inc., 4.75%, 01/15/28<sup>(1)</sup> | 155000 | 154221 |
| Synergy Infrastructure Holdings LLC, 7.88%, 12/01/30<sup>(1)</sup> | 170000 | 178909 |
| TransDigm, Inc., 6.75%, 08/15/28<sup>(1)</sup> | 305000 | 309501 |
| United Airlines Holdings, Inc., 4.88%, 03/01/29 | 70000 | 69129 |
| United Airlines Holdings, Inc., 5.38%, 03/01/31 | 10000 | 9869 |
| WESCO Distribution, Inc., 5.25%, 04/15/31<sup>(1)</sup> | 185000 | 185347 |
| Total Industrials |  | 2335926 |
| **Information Technology – 4.3%** |  |  |
| Cloud Software Group, Inc., 9.00%, 09/30/29<sup>(1)</sup> | 220000 | 216197 |
| Consensus Cloud Solutions, Inc., 6.50%, 10/15/28<sup>(1)</sup> | 185000 | 183540 |
| Insight Enterprises, Inc., 6.63%, 05/15/32<sup>(1)</sup> | 90000 | 89318 |
| Neptune Bidco US, Inc., 9.29%, 04/15/29<sup>(1)</sup> | 300000 | 303657 |
| Oracle Corp., 4.95%, 02/04/31 | 80000 | 78275 |
| Rocket Software, Inc., 9.00%, 11/28/28<sup>(1)</sup> | 250000 | 248969 |
| UKG, Inc., 6.88%, 02/01/31<sup>(1)</sup> | 195000 | 189953 |
| Total Information Technology |  | 1309909 |
| **Materials – 3.7%** |  |  |
| Cleveland-Cliffs, Inc., 7.63%, 01/15/34<sup>(1)</sup> | 120000 | 121305 |
| Illuminate Buyer LLC / Illuminate Holdings IV, Inc., 9.00%, 07/01/28<sup>(1)</sup> | 71000 | 71171 |
| JH North America Holdings, Inc., 5.88%, 01/31/31<sup>(1)</sup> | 150000 | 150048 |
| LSB Industries, Inc., 6.25%, 10/15/28<sup>(1)</sup> | 340000 | 340381 |
| Mauser Packaging Solutions Holding Co., 7.88%, 04/15/30<sup>(1)</sup> | 200000 | 202375 |
| Solstice Advanced Materials, Inc., 5.63%, 09/30/33<sup>(1)</sup> | 95000 | 94535 |
| Windsor Holdings III LLC, 8.50%, 06/15/30<sup>(1)</sup> | 150000 | 156770 |
| Total Materials |  | 1136585 |
| **Real Estate – 1.6%** |  |  |
| HAT Holdings I LLC / Hat Holdings II LLC, 3.38%, 06/15/26<sup>(1)</sup> | 71000 | 70857 |

---

Schedule of Investments - Virtus Newfleet Short Duration High Yield Bond ETF (continued)

April 30, 2026 (unaudited)

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal** | **Value** |
| **CORPORATE BONDS (continued)** | **CORPORATE BONDS (continued)** | |
| **Real Estate (continued)** | **Real Estate (continued)** | |
| Iron Mountain, Inc., 5.25%, 07/15/30<sup>(1)</sup> | $155000 | $153480 |
| Millrose Properties, Inc., 6.38%, 08/01/30<sup>(1)</sup> | 90000 | 91215 |
| Outfront Media Capital LLC / Outfront Media Capital Corp., 7.38%, 02/15/31<sup>(1)</sup> | 155000 | 162210 |
| Total Real Estate |  | 477762 |
| **Transaction & Payment Processing Services – 2.0%** |  |  |
| Block, Inc., 5.63%, 08/15/30<sup>(1)</sup> | 300000 | 300472 |
| NCR Atleos Corp., 9.50%, 04/01/29<sup>(1)</sup> | 220000 | 234171 |
| Shift4 Payments LLC / Shift4 Payments Finance Sub, Inc., 6.75%, 08/15/32<sup>(1)</sup> | 90000 | 89892 |
| Total Transaction & Payment Processing Services |  | 624535 |
| **Utilities – 6.4%** |  |  |
| AES Corp. (The), 7.60%, (US 5 Year CMT T- Note + 3.20%), 01/15/55<sup>(2)</sup> | 75000 | 76446 |
| Alpha Generation LLC, 6.75%, 10/15/32<sup>(1)</sup> | 75000 | 76858 |
| American Electric Power Co., Inc., 7.05%, (US 5 Year CMT T- Note + 2.75%), 12/15/54<sup>(2)</sup> | 150000 | 157054 |
| Blue Racer Midstream LLC / Blue Racer Finance Corp., 7.00%, 07/15/29<sup>(1)</sup> | 330000 | 342370 |
| CenterPoint Energy, Inc., Series A, 7.00%, (US 5 Year CMT T- Note + 3.25%), 02/15/55<sup>(2)</sup> | 100000 | 103551 |
| Ferrellgas LP / Ferrellgas Finance Corp., 5.88%, 04/01/29<sup>(1)</sup> | 203000 | 198270 |
| NRG Energy, Inc., 4.96%, 04/30/31<sup>(1)</sup> | 150000 | 149003 |
| PR RNO Property Owner 1 LLC, 6.50%, 05/01/31<sup>(1)</sup> | 75000 | 74381 |
| Sempra, 6.38%, (US 5 Year CMT T- Note + 2.63%), 04/01/56<sup>(2)</sup> | 150000 | 151801 |
| Spire, Inc., 6.25%, (US 5 Year CMT T- Note + 2.56%), 06/01/56<sup>(2)</sup> | 110000 | 109665 |
| Vistra Operations Co. LLC, 6.88%, 04/15/32<sup>(1)</sup> | 295000 | 308092 |
| VoltaGrid LLC, 7.38%, 11/01/30<sup>(1)</sup> | 95000 | 98647 |
| Xplr Infrastructure Operating Partners LP, 7.25%, 01/15/29<sup>(1)</sup> | 47000 | 48900 |
| Xplr Infrastructure Operating Partners LP, 8.38%, 01/15/31<sup>(1)</sup> | 45000 | 48106 |
| Total Utilities |  | 1943144 |
| **Total Corporate Bonds** |  |  |
| (Cost $24,832,548) |  | **24922185** |
| **FOREIGN BONDS – 13.4%<sup>†</sup>** |  |  |
| **Communication Services – 0.0%<sup>(3)</sup>** |  |  |
| Telesat Canada / Telesat LLC, 6.50%, 10/15/27 <br> (Canada)<sup>(1)</sup> | 20000 | 12100 |
| **Consumer Discretionary – 2.9%** |  |  |
| 1011778 BC ULC / New Red Finance, Inc., 6.13%, 06/15/29 (Canada)<sup>(1)</sup> | 235000 | 239289 |
| Flutter Treasury DAC, 5.88%, 06/04/31 (United Kingdom)<sup>(1)</sup> | 250000 | 249260 |
| Ontario Gaming GTA LP/OTG Co. Issuer LLC, 8.00%, 08/01/30 (Canada)<sup>(1)</sup> | 250000 | 247184 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal** | **Value** |
| **FOREIGN BONDS (continued)** | **FOREIGN BONDS (continued)** | **FOREIGN BONDS (continued)** |
| **Consumer Discretionary (continued)** |  |  |
| Opal Bidco SAS, 6.50%, 03/31/32 (France)<sup>(1)</sup> | $150000 | $152802 |
| Total Consumer Discretionary |  | 888535 |
| **Consumer Staples – 0.5%** |  |  |
| Froneri Lux FinCo Sarl, 6.00%, 08/01/32 (United Kingdom)<sup>(1)</sup> | 155000 | 153391 |
| **Energy – 2.9%** |  |  |
| Coronado Finance Pty Ltd., 9.25%, 10/01/29 (Australia)<sup>(1)</sup> | 175000 | 158846 |
| South Bow Canadian Infrastructure Holdings Ltd., 7.63%, (US 5 Year CMT T- Note + 3.95%), 03/01/55 (Canada)<sup>(2)</sup> | 322000 | 336250 |
| Teine Energy Ltd., 6.88%, 04/15/29 (Canada)<sup>(1)</sup> | 345000 | 345621 |
| TransCanada Pipelines Ltd., Series ., 6.13%, (US 5 Year CMT T- Note + 2.25%), 10/17/56 (Canada)<sup>(2)</sup> | 30000 | 30140 |
| Total Energy |  | 870857 |
| **Financials – 1.7%** |  |  |
| Albion Financing 1 Sarl / Aggreko Holdings, Inc., 7.00%, 05/21/30 (Luxembourg)<sup>(1)</sup> | 178000 | 183966 |
| GGAM Finance Ltd., 6.88%, 04/15/29 (Ireland)<sup>(1)</sup> | 330000 | 337963 |
| Total Financials |  | 521929 |
| **Health Care – 1.3%** |  |  |
| Genmab A/S/Genmab Finance LLC, 6.25%, 12/15/32 (Denmark)<sup>(1)</sup> | 10000 | 10269 |
| Grifols SA, 4.75%, 10/15/28 (Spain)<sup>(1)</sup> | 235000 | 231859 |
| Teva Pharmaceutical Finance Netherlands III BV, 3.15%, 10/01/26 (Israel) | 138000 | 137051 |
| Total Health Care |  | 379179 |
| **Industrials – 1.4%** |  |  |
| Cimpress PLC, 7.38%, 09/15/32 (Ireland)<sup>(1)</sup> | 255000 | 258555 |
| Phoenix Aviation Capital Ltd., 9.25%, 07/15/30 <br> (Ireland)<sup>(1)</sup> | 170000 | 173637 |
| Total Industrials |  | 432192 |
| **Materials – 2.7%** |  |  |
| Capstone Copper Corp., 6.75%, 03/31/33 (Canada)<sup>(1)</sup> | 250000 | 254589 |
| Fortescue Treasury Pty Ltd., 5.88%, 04/15/30 <br> (Australia)<sup>(1)</sup> | 199000 | 203227 |
| Maxam Prill Sarl, 7.75%, 07/15/30 (Luxembourg)<sup>(1)</sup> | 200000 | 207571 |

---

Schedule of Investments - Virtus Newfleet Short Duration High Yield Bond ETF (continued)

April 30, 2026 (unaudited)

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal** | **Value** |
| **FOREIGN BONDS (continued)** | **FOREIGN BONDS (continued)** | **FOREIGN BONDS (continued)** |
| **Materials (continued)** |  |  |
| Taseko Mines Ltd., 8.25%, 05/01/30 (Canada)<sup>(1)</sup> | $160000 | $167695 |
| Total Materials |  | 833082 |
| **Total Foreign Bonds** |  |  |
| (Cost $4,075,807) |  | **4091265** |
| **Common Stock - 0.0%<sup>(3)</sup>** |  |  |
| **Health Care - 0.0%<sup>(3)</sup>** |  |  |
| Lannett Co., Inc.\*<sup>(4)</sup><br> (Cost $462) | 416 | 6785 |
| **TERM LOAN – 0.0%<sup>(3)</sup>** |  |  |
| **Health Care - 0.0%<sup>(3)</sup>** |  |  |
| Lannett Co., Inc., 2.00%, 06/16/30<sup>(4)</sup> |  |  |
| (Cost $78) | 1938 | 1637 |
| **TOTAL INVESTMENTS - 95.1%** |  |  |
| (Cost $28,908,895) |  | **29021872** |
| Other Assets in Excess of Liabilities - 4.9% |  | 1491322 |
| **Net Assets - 100.0%** |  | $**30513194** |

---

---

| | |
|:---|:---|
| † | Principal disclosed in USD unless otherwise stated. |
| \* | Non-income producing security. |
| (1) | Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and may not be resold subject to that rule except to qualified institutional buyers. Unless otherwise noted, 144A securities are deemed to be liquid. At April 30, 2026, the aggregate value of these securities was $24,344,289, or 79.8% of net assets. |
| (2) | Variable rate instrument. The interest rate shown reflects the rate in effect at April 30, 2026. |
| (3) | Amount rounds to less than 0.05%. |
| (4) | Security valued at fair value as determined in good faith by or under the direction of the Trustees. This security is disclosed as a Level 3 security in the Fair Value Hierarchy table located after the Schedule of Investments. |

---

---

| |
|:---|
| **Abbreviations:** |
| CMT — Constant Maturity Treasury Index |

---

Schedule of Investments - Virtus Newfleet Short Duration High Yield Bond ETF (continued)

April 30, 2026 (unaudited)

**Fair Value Measurements**

The Fund utilizes a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. Level 1 includes unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access. Level 2 includes observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar securities, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data. Level 3 includes unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available; representing the Fund's own assumptions about the assumptions a market participant would use in valuing the asset or liability, and would be based on the best information available. The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

The following table summarizes valuation of the Fund's investments under the fair value hierarchy levels as of April 30, 2026.

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1** | **Level 2** | **Level 3** | **Total** |
| **Asset Valuation Inputs** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Corporate Bonds | $— | $24922185 | $— | $24922185 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Foreign Bonds |  | 4091265 |  | 4091265 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Common Stock |  |  | 6785 | 6785 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Term Loan |  |  | 1637 | 1637 |
| **Total** | $**—** | $**29013450** | $**8422** | $**29021872** |

---

Some of the Fund's investments that were categorized as Level 3 were valued utilizing third party pricing information without adjustment. 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 rollforward of Level 3 securities and assumptions are not shown for the period ended April 30, 2026.

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Virtus ETF Trust II

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

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

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

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

  - **Street Address 1:** 1540 Broadway

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10036

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

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

- **a. Name of Series:** Virtus Newfleet Short Duration High Yield Bond ETF

- **b. EDGAR series identifier (if any):** S000051570

- **c. LEI of Series:** 549300CTRZXMY9595O30

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

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

- **b. Date as of which information is reported:** 2026-04-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $30677317.56

**Total Liabilities:** $164717.27

**Net Assets:** $30512600.29

**Cash Not Reported:** $1231179.65

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -0.86290210 | **1-Year:** -15.34661564 | **5-Year:** -336.91489740 | **10-Year:** -355.08894170 | **30-Year:** -206.54674400

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

- **3-Month:** 0.00000000 | **1-Year:** -22.52015272 | **5-Year:** -3257.79104900 | **10-Year:** -1444.55984700 | **30-Year:** -664.37020150

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000162265 | 0.26%                | -0.74%               | 1.41%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-46740.37               | $-19393.73                                 |
| Month 2  | $-66979.54               | $-315314.99                                |
| Month 3  | $19781.03                | $256483.22                                 |

**Designated Index Information**

- **Index Name:** Securities Portfolio

- **Index Identifier:** N/A

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| 1011778 B.C. ULC / NEW RED FINANCE INC                                   | BCULC 6.125 06/15/29 144A        | CUSIP: 68245XAR0<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    235000 | PA      | $239288.57    | 0.78%             | 2029-06-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYSTEMS INC                                         | CYH 4.75 02/15/31 144A           | CUSIP: 12543DBK5<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |     20000 | PA      | $18725.91     | 0.06%             | 2031-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| VOLTAGRID LLC                                                            | VOLTAG 7.375 11/01/30 144A       | CUSIP: 92874BAA3<br>LEI: 254900R5BEUGIKK1FM03 | Long             | DBT              | CORP              | US        |     95000 | PA      | $98646.77     | 0.32%             | 2030-11-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| PR RNO PROPERTY OWNER 1 LLC                                              | TRACTD 6.5 05/01/31 144A         | CUSIP: 69393LAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     75000 | PA      | $74381.17     | 0.24%             | 2031-05-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| USA COMPRESSION PARTNERS LP                                              | USAC 7.125 03/15/29 144A         | CUSIP: 91740PAG3<br>LEI: 5493000B1PEOKXRZEO65 | Long             | DBT              | CORP              | US        |    325000 | PA      | $335994.43    | 1.10%             | 2029-03-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS INC                                             | UVN 7.375 06/30/30 144A          | CUSIP: 914906AX0<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |    150000 | PA      | $149952.53    | 0.49%             | 2030-06-30      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| DAVITA INC                                                               | DVA 4.625 06/01/30 144A          | CUSIP: 23918KAS7<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | DBT              | CORP              | US        |    203000 | PA      | $196606.03    | 0.64%             | 2030-06-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| DIRECTV FINANCING LLC / DIRECTV FINANCING CO-OBLIGOR INC                 | DTV 8.875 02/01/30 144A          | CUSIP: 25461LAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     90000 | PA      | $91563.66     | 0.30%             | 2030-02-01      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| CLOUD SOFTWARE GROUP INC                                                 | TIBX 9 09/30/29 144A             | CUSIP: 18912UAA0<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |    220000 | PA      | $216197.33    | 0.71%             | 2029-09-30      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| UNITED AIRLINES HOLDINGS INC                                             | UAL 5.375 03/01/31               | CUSIP: 910047AL3<br>LEI: 98450079DA0B78DD6764 | Long             | DBT              | CORP              | US        |     10000 | PA      | $9868.64      | 0.03%             | 2031-03-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| HAT HOLDINGS I LLC                                                       | HASI 3.375 06/15/26 144A         | CUSIP: 418751AE3<br>LEI: 254900YE1WH1XG7Y4E44 | Long             | DBT              | CORP              | US        |     71000 | PA      | $70856.75     | 0.23%             | 2026-06-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| CENTERPOINT ENERGY INC                                                   | CNP V7 02/15/55 A                | CUSIP: 15189TBH9<br>LEI: 21TPXMRRHFKOBHDC8J74 | Long             | DBT              | CORP              | US        |    100000 | PA      | $103551.10    | 0.34%             | 2055-02-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATING COMPANY INC                                    | HLT 4 05/01/31 144A              | CUSIP: 432833AL5<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |    165000 | PA      | $156377.22    | 0.51%             | 2031-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ALLY FINANCIAL INC                                                       | ALLY 8 11/01/31 *                | CUSIP: 36186CBY8<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |    135000 | PA      | $150842.85    | 0.49%             | 2031-11-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| MIDCAP FINANCIAL ISSUER TRUST                                            | MIDCAP 6.5 05/01/28              | CUSIP: 59567LAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    355000 | PA      | $352416.03    | 1.15%             | 2028-05-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| NOBLE FINANCE II LLC                                                     | NEFINA 8 04/15/30 144A           | CUSIP: 65505PAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    330000 | PA      | $343353.78    | 1.13%             | 2030-04-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATING COMPANY INC                                    | HLT 5.875 04/01/29 144A          | CUSIP: 432833AP6<br>LEI: 5493003EG7H0N1E4XV50 | Long             | DBT              | CORP              | US        |    165000 | PA      | $167366.10    | 0.55%             | 2029-04-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| NISSAN MOTOR ACCEPTANCE COMPANY LLC                                      | NSANY 5.625 09/29/28 144A        | CUSIP: 65480CAK1<br>LEI: 7D6DIU2QXTUJRFNNJA49 | Long             | DBT              | CORP              | US        |    125000 | PA      | $124370.22    | 0.41%             | 2028-09-29      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| WULF COMPUTE LLC                                                         | WULF 7.75 10/15/30 144A          | CUSIP: 982911AA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    110000 | PA      | $115677.12    | 0.38%             | 2030-10-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| FLUTTER TREASURY DAC                                                     | FLTR 5.875 06/04/31 144A         | CUSIP: 344045AB5<br>LEI: 635400JE8VLL9UFVIC38 | Long             | DBT              | CORP              | IE        |    250000 | PA      | $249260.00    | 0.82%             | 2031-06-04      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Lannett Company Inc Common Stock                                         | Lannett Company Inc Common Stock | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       416 | NS      | $6784.96      | 0.02%             |  |  |  | No            |                  3 | On Loan: No      |
| ALBERTSONS COMPANIES INC                                                 | ACI 4.875 02/15/30 144A          | CUSIP: 013092AE1<br>LEI: 549300YKWOC0AOR16R51 | Long             | DBT              | CORP              | US        |    135000 | PA      | $132228.94    | 0.43%             | 2030-02-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLDINGS INTERMEDIATE LLC                                        | ALIANT 6.75 04/15/28 144A        | CUSIP: 01883LAE3<br>LEI: 5493006Q26653NF8SI73 | Long             | DBT              | CORP              | US        |    235000 | PA      | $238142.42    | 0.78%             | 2028-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                                                   | VENLNG 9.875 02/01/32 144A       | CUSIP: 92332YAD3<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |     50000 | PA      | $53666.00     | 0.18%             | 2032-02-01      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| PRIMO WATER HOLDINGS INC                                                 | PRMWCN 6.25 04/01/29 144A        | CUSIP: 74168RAC7<br>LEI: 9845008F9A5F2E1D4832 | Long             | DBT              | CORP              | US        |    230000 | PA      | $230439.53    | 0.76%             | 2029-04-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| CRC INSURANCE GROUP LLC                                                  | TIHLLC 7.125 06/01/31 144A       | CUSIP: 69867RAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    265000 | PA      | $266390.64    | 0.87%             | 2031-06-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS COMPANY LLC                                            | VST 6.875 04/15/32 144A          | CUSIP: 92840VAR3<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    295000 | PA      | $308091.51    | 1.01%             | 2032-04-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| CITADEL FINANCE LLC                                                      | CITADL 5.15 02/14/31 144A        | CUSIP: 17287HAF7<br>LEI: 549300BQL283NCR7P163 | Long             | DBT              | CORP              | US        |     15000 | PA      | $14654.63     | 0.05%             | 2031-02-14      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| CAESARS ENTERTAINMENT INC                                                | CZR 4.625 10/15/29 144A          | CUSIP: 12769GAA8<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |     80000 | PA      | $77262.58     | 0.25%             | 2029-10-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| PRAIRIE ACQUIROR LP                                                      | TGE 9 08/01/29 144A              | CUSIP: 73943NAA4<br>LEI: 254900Q6KU2LVSIISH22 | Long             | DBT              | CORP              | US        |     75000 | PA      | $78361.28     | 0.26%             | 2029-08-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| HERC HOLDINGS INC                                                        | HRI 5.75 03/15/31 144A           | CUSIP: 42704LAH7<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |      5000 | PA      | $5014.98      | 0.02%             | 2031-03-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| BUCKEYE PARTNERS LP                                                      | BPL 6.75 02/01/30 144A           | CUSIP: 118230AW1<br>LEI: 549300C1PQJLVEIUBK50 | Long             | DBT              | CORP              | US        |    335000 | PA      | $346721.65    | 1.14%             | 2030-02-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CIPHER COMPUTE LLC                                                       | CIFR 7.125 11/15/30 144A         | CUSIP: 17253NAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    100000 | PA      | $103775.92    | 0.34%             | 2030-11-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| GLOBAL ATLANTIC (FIN) COMPANY                                            | GBLATL V7.95 10/15/54 144A       | CUSIP: 37959GAG2<br>LEI: 98450051B2E65CAA7E94 | Long             | DBT              | CORP              | US        |    320000 | PA      | $321689.60    | 1.05%             | 2054-10-15      | Fixed         | 7.95%                 | No            |                  2 | On Loan: No      |
| WESCO DISTRIBUTION INC                                                   | WCC 5.25 04/15/31 144A           | CUSIP: 95081QAT1<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |    185000 | PA      | $185347.28    | 0.61%             | 2031-04-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                                     | OMF 7.875 03/15/30               | CUSIP: 682691AE0<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    315000 | PA      | $328561.07    | 1.08%             | 2030-03-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| CITADEL FINANCE LLC                                                      | CITADL 4.75 02/14/29 144A        | CUSIP: 17287HAE0<br>LEI: 549300BQL283NCR7P163 | Long             | DBT              | CORP              | US        |    110000 | PA      | $108357.86    | 0.36%             | 2029-02-14      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| APOLLO DEBT SOLUTIONS BDC                                                | APODS 6.9 04/13/29               | CUSIP: 03770DAB9<br>LEI: 549300UMUGX092P8DW87 | Long             | DBT              | CORP              | US        |    149000 | PA      | $153885.18    | 0.50%             | 2029-04-13      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| CCO HOLDINGS LLC / CCO HOLDINGS CAPITAL CORP                             | CHTR 6.375 09/01/29 144A         | CUSIP: 1248EPCS0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    332000 | PA      | $332773.57    | 1.09%             | 2029-09-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| DIRECTV FINANCING LLC / DIRECTV FINANCING CO-OBLIGOR INC                 | DTV 5.875 08/15/27 144A          | CUSIP: 25461LAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    130000 | PA      | $130177.71    | 0.43%             | 2027-08-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ARSENAL AIC PARENT LLC                                                   | ARNC 8 10/01/30 144A             | CUSIP: 04288BAB6<br>LEI: 254900G9F9HA5EP57J39 | Long             | DBT              | CORP              | US        |     70000 | PA      | $73268.51     | 0.24%             | 2030-10-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CO                                                            | F 3.25 02/12/32                  | CUSIP: 345370DA5<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | DBT              | CORP              | US        |     95000 | PA      | $83387.62     | 0.27%             | 2032-02-12      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| SPIRE INC (US)                                                           | SR V6.25 06/01/56                | CUSIP: 84857LAD3<br>LEI: 549300NXSY15DRY2R511 | Long             | DBT              | CORP              | US        |    110000 | PA      | $109665.02    | 0.36%             | 2056-06-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| NEXSTAR MEDIA GROUP INC                                                  | NXST 7.25 04/15/34 144A          | CUSIP: 65346UAA7<br>LEI: 52990083ZRR5UT591988 | Long             | DBT              | CORP              | US        |     35000 | PA      | $35248.71     | 0.12%             | 2034-04-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| SOLSTICE ADVANCED MATERIALS INC                                          | SOLADV 5.625 09/30/33 144A       | CUSIP: 83443QAA1<br>LEI: 2138004GZ4H9TW6HK435 | Long             | DBT              | CORP              | US        |     95000 | PA      | $94534.82     | 0.31%             | 2033-09-30      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| DIRECTV FINANCING LLC / DIRECTV FINANCING CO-OBLIGOR INC                 | DTV 8.875 02/01/30 144a          | CUSIP: 254945AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     20000 | PA      | $20394.44     | 0.07%             | 2030-02-01      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| SYNERGY INFRASTRUCTURE HOLDINGS LLC                                      | SYNRGY 7.875 12/01/30 144a       | CUSIP: 87191JAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    170000 | PA      | $178908.68    | 0.59%             | 2030-12-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                                                          | CVS V7 03/10/55                  | CUSIP: 126650EH9<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    335000 | PA      | $347792.75    | 1.14%             | 2055-03-10      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                                                    | THC 5.5 11/15/32 144A            | CUSIP: 88033GDW7<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |    200000 | PA      | $199591.90    | 0.65%             | 2032-11-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| HILTON GRAND VACATIONS BORROWER ESCROW LLC                               | HGVLLC 5 06/01/29 144A           | CUSIP: 43284MAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    125000 | PA      | $121045.04    | 0.40%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GFL ENVIRONMENTAL INC                                                    | GFLCN 4.75 06/15/29 144A         | CUSIP: 36168QAN4<br>LEI: 894500E7NLBY9VZRT696 | Long             | DBT              | CORP              | CA        |    155000 | PA      | $153276.31    | 0.50%             | 2029-06-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ACADIA HEALTHCARE COMPANY INC                                            | ACHC 5.5 07/01/28 144A           | CUSIP: 00404AAN9<br>LEI: 5493005CW985Y9D0NC11 | Long             | DBT              | CORP              | US        |    240000 | PA      | $238955.62    | 0.78%             | 2028-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| STANDARD INDUSTRIES LTD                                                  | BMCAUS 4.75 01/15/28 144A        | CUSIP: 853496AD9<br>LEI: N/A                  | Long             | DBT              | CORP              | IN        |    155000 | PA      | $154220.74    | 0.51%             | 2028-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| BLOCK INC                                                                | XYZ 5.625 08/15/30 144A          | CUSIP: 852234AT0<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |    300000 | PA      | $300472.20    | 0.98%             | 2030-08-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| ESAB CORP                                                                | ESAB 5.625 04/01/31 144A         | CUSIP: 29605JAB2<br>LEI: 549300ZNV0SWBXEIWT04 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20234.18     | 0.07%             | 2031-04-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| APOLLO DEBT SOLUTIONS BDC                                                | APODS 5.875 08/30/30             | CUSIP: 03770DAK9<br>LEI: 549300UMUGX092P8DW87 | Long             | DBT              | CORP              | US        |    178000 | PA      | $176484.61    | 0.58%             | 2030-08-30      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ANTERO MIDSTREAM PARTNERS LP                                             | AM 6.625 02/01/32 144A           | CUSIP: 03690AAK2<br>LEI: 529900HFO1BDEIT4QU11 | Long             | DBT              | CORP              | US        |    225000 | PA      | $230848.43    | 0.76%             | 2032-02-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| BRISTOW GROUP INC                                                        | VTOL 6.75 02/01/33 144A          | CUSIP: 11040GAB9<br>LEI: 5493005Q24EN3UC1PV68 | Long             | DBT              | CORP              | US        |     60000 | PA      | $61089.50     | 0.20%             | 2033-02-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ULTIMATE KRONOS GROUP INC                                                | ULTI 6.875 02/01/31 144A         | CUSIP: 90279XAA0<br>LEI: 529900FKHWSTQ1GXK240 | Long             | DBT              | CORP              | US        |    195000 | PA      | $189953.09    | 0.62%             | 2031-02-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| TEVA PHARMACEUTICAL FINANCE NETHERLANDS III BV                           | TEVA 3.15 10/01/26               | CUSIP: 88167AAE1<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |    138000 | PA      | $137051.25    | 0.45%             | 2026-10-01      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| LIBERTY MUTUAL GROUP INC                                                 | LIBMUT V4.125 12/15/51 144A      | CUSIP: 53079EBM5<br>LEI: QUR0DG15Z6FFGYCHH861 | Long             | DBT              | CORP              | US        |    190000 | PA      | $187948.49    | 0.62%             | 2051-12-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| CENTENE CORP                                                             | CNC 4.625 12/15/29               | CUSIP: 15135BAT8<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |    110000 | PA      | $107291.60    | 0.35%             | 2029-12-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| TRANSOCEAN INTERNATIONAL LTD                                             | RIG 8.75 02/15/30 144A           | CUSIP: 893830BX6<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | BM        |    259000 | PA      | $271397.29    | 0.89%             | 2030-02-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| ALPHA GENERATION LLC                                                     | ALPGEN 6.75 10/15/32 144A        | CUSIP: 02073LAA9<br>LEI: 254900K5V62L4YGVKF49 | Long             | DBT              | CORP              | US        |     75000 | PA      | $76857.83     | 0.25%             | 2032-10-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| TELESAT CANADA                                                           | TELSAT 6.5 10/15/27 144A         | CUSIP: 87952VAM8<br>LEI: 5493004V5GLBY6SO5Y34 | Long             | DBT              | CORP              | CA        |     20000 | PA      | $12100.02     | 0.04%             | 2027-10-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| LSB INDUSTRIES INC                                                       | LXU 6.25 10/15/28 144A           | CUSIP: 502160AN4<br>LEI: 5493001H215A0HG0MI71 | Long             | DBT              | CORP              | US        |    340000 | PA      | $340381.14    | 1.12%             | 2028-10-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| HERC HOLDINGS INC                                                        | HRI 7 06/15/30 144A              | CUSIP: 42704LAF1<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |    175000 | PA      | $182171.15    | 0.60%             | 2030-06-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CIMPRESS PLC                                                             | CMPR 7.375 09/15/32 144A         | CUSIP: 17186HAH5<br>LEI: 549300X1IFD75XISOR81 | Long             | DBT              | CORP              | IE        |    255000 | PA      | $258554.70    | 0.85%             | 2032-09-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| GULFPORT ENERGY OPERATING CORP                                           | GPOR 6.75 09/01/29 144A          | CUSIP: 402635AT3<br>LEI: 549300FJX18IDUFPHD40 | Long             | DBT              | CORP              | US        |    325000 | PA      | $333827.33    | 1.09%             | 2029-09-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| SM ENERGY COMPANY                                                        | SM 8.75 07/01/31 144A            | CUSIP: 17888HAB9<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |     20000 | PA      | $20988.68     | 0.07%             | 2031-07-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| BLUE RACER MIDSTREAM LLC                                                 | BLURAC 7 07/15/29 144A           | CUSIP: 095796AJ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    330000 | PA      | $342370.05    | 1.12%             | 2029-07-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| NCR ATLEOS CORP                                                          | NCRATL 9.5 04/01/29 144A         | CUSIP: 638962AA8<br>LEI: 9845005FC3S0VA714741 | Long             | DBT              | CORP              | US        |    220000 | PA      | $234170.64    | 0.77%             | 2029-04-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| XPLR INFRASTRUCTURE OPERATING PARTNERS LP                                | XIFR 7.25 01/15/29 144A          | CUSIP: 65342QAM4<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |     47000 | PA      | $48900.12     | 0.16%             | 2029-01-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| NEWELL BRANDS INC                                                        | NWL 6.375 05/15/30               | CUSIP: 651229BF2<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |     80000 | PA      | $78402.06     | 0.26%             | 2030-05-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| OAK-EAGLE ACQUIRECO INC                                                  | EA 7.25 07/01/33 144A            | CUSIP: 67124CAA1<br>LEI: 6488ICS9P20290MA1H31 | Long             | DBT              | CORP              | US        |    105000 | PA      | $108241.46    | 0.35%             | 2033-07-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                                            | TDG 6.75 08/15/28 144A           | CUSIP: 893647BR7<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    305000 | PA      | $309501.19    | 1.01%             | 2028-08-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| FMG RESOURCES (AUGUST 2006) PTY LTD                                      | FMGAU 5.875 04/15/30 144A        | CUSIP: 30251GBD8<br>LEI: 549300EFD6S2NFE9D745 | Long             | DBT              | CORP              | AU        |    199000 | PA      | $203226.84    | 0.67%             | 2030-04-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                                                     | OMF 7.125 11/15/31               | CUSIP: 682691AG5<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |     80000 | PA      | $81172.72     | 0.27%             | 2031-11-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I LP / HILCORP FINANCE CO                                 | HILCRP 5.75 02/01/29 144A        | CUSIP: 431318AU8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    350000 | PA      | $349964.30    | 1.15%             | 2029-02-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| GENMAB A/S                                                               | GMABDC 6.25 12/15/32 144A        | CUSIP: 37230JAA0<br>LEI: 529900MTJPDPE4MHJ122 | Long             | DBT              | CORP              | DK        |     10000 | PA      | $10268.25     | 0.03%             | 2032-12-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| TRANSOCEAN INTERNATIONAL LTD                                             | RIG 7.875 10/15/32 144A          | CUSIP: 893814AA1<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | BM        |     40000 | PA      | $42880.16     | 0.14%             | 2032-10-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| SHIFT4 PAYMENTS LLC                                                      | FOUR 6.75 08/15/32 144A          | CUSIP: 82453AAB3<br>LEI: 254900GTEMR7L40VPI74 | Long             | DBT              | CORP              | US        |     90000 | PA      | $89891.91     | 0.29%             | 2032-08-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| RIVERS ENTERPRISE BORROWER LLC / RIVERS ENTERPRISE FINANCE CORP          | RIVENT 6.25 10/15/30 144A        | CUSIP: 76884GAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     75000 | PA      | $76331.03     | 0.25%             | 2030-10-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| FERRELLGAS ESCROW LLC                                                    | FGP 5.875 04/01/29 144A          | CUSIP: 315289AC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    203000 | PA      | $198270.51    | 0.65%             | 2029-04-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| APTIV PLC/APTIV GLOBAL FINANCING DAC                                     | APTV V6.875 12/15/54             | CUSIP: 03837AAD2<br>LEI: N/A                  | Long             | DBT              | CORP              | JE        |    160000 | PA      | $164122.77    | 0.54%             | 2054-12-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| TRANSCANADA PIPELINES LTD                                                | TRPCN V6.125 10/17/56 .          | CUSIP: 89352HBK4<br>LEI: 5BV01I6231JPDAPMGH09 | Long             | DBT              | CORP              | CA        |     30000 | PA      | $30140.01     | 0.10%             | 2056-10-17      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| SEMPRA                                                                   | SRE V6.375 04/01/56              | CUSIP: 816851BW8<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | DBT              | CORP              | US        |    150000 | PA      | $151801.05    | 0.50%             | 2056-04-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| ROCKET COMPANIES INC                                                     | RKT 6.125 08/01/30 144A          | CUSIP: 77311WAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    150000 | PA      | $152302.50    | 0.50%             | 2030-08-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| NEWELL BRANDS INC                                                        | NWL 6.375 09/15/27               | CUSIP: 651229BC9<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |     60000 | PA      | $60601.02     | 0.20%             | 2027-09-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| NEW HOME COMPANY INC (THE)                                               | NWHM 9.25 10/01/29 144A          | CUSIP: 645370AF4<br>LEI: 549300PLCE8TB3TVRQ85 | Long             | DBT              | CORP              | US        |    135000 | PA      | $140244.89    | 0.46%             | 2029-10-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| ROCKET SOFTWARE INC                                                      | ROCSOF 9 11/28/28 144A           | CUSIP: 77314EAB4<br>LEI: 549300PVG26ISP5X1556 | Long             | DBT              | CORP              | US        |    250000 | PA      | $248969.03    | 0.82%             | 2028-11-28      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| PHOENIX AVIATION CAPITAL LTD                                             | PHOAVI 9.25 07/15/30 144A        | CUSIP: 71910DAA9<br>LEI: 8945008YQAKXZQ3VYJ15 | Long             | DBT              | CORP              | IE        |    170000 | PA      | $173637.66    | 0.57%             | 2030-07-15      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| NEWELL BRANDS INC                                                        | NWL 6.625 09/15/29               | CUSIP: 651229BD7<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |    324000 | PA      | $323997.73    | 1.06%             | 2029-09-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| F&G ANNUITIES & LIFE INC                                                 | FG 6.5 06/04/29                  | CUSIP: 30190AAF1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    180000 | PA      | $182202.65    | 0.60%             | 2029-06-04      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| GGAM FINANCE LTD                                                         | GGAMFI 6.875 04/15/29 144A       | CUSIP: 36170JAD8<br>LEI: 254900X2QXEN0FVXRF65 | Long             | DBT              | CORP              | KY        |    330000 | PA      | $337962.90    | 1.11%             | 2029-04-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| XPLR INFRASTRUCTURE OPERATING PARTNERS LP                                | XIFR 8.375 01/15/31 144A         | CUSIP: 98380MAA3<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |     45000 | PA      | $48106.17     | 0.16%             | 2031-01-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| WEEKLEY HOMES LLC                                                        | WEEKHM 4.875 09/15/28 144A       | CUSIP: 948565AD8<br>LEI: 5493009MTTQO8ZN53F13 | Long             | DBT              | CORP              | US        |    350000 | PA      | $342748.88    | 1.12%             | 2028-09-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| CHARLES RIVER LABORATORIES INTERNATIONAL INC                             | CRL 4.25 05/01/28 144A           | CUSIP: 159864AE7<br>LEI: 549300BSQ0R4UZ5KX287 | Long             | DBT              | CORP              | US        |    105000 | PA      | $103173.00    | 0.34%             | 2028-05-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| ICAHN ENTERPRISES LP / ICAHN ENTERPRISES FINANCE CORP                    | IEP 10 11/15/29 144A             | CUSIP: 451102CK1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    175000 | PA      | $176746.41    | 0.58%             | 2029-11-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| DISH NETWORK CORP                                                        | DISH 11.75 11/15/27 144A         | CUSIP: 25470MAG4<br>LEI: 529900U350CWHH15G169 | Long             | DBT              | CORP              | US        |    125000 | PA      | $129124.38    | 0.42%             | 2027-11-15      | Fixed         | 11.75%                | No            |                  2 | On Loan: No      |
| GRAY MEDIA INC                                                           | GTN 7.25 08/15/33 144A           | CUSIP: 389375AP1<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |     55000 | PA      | $56031.97     | 0.18%             | 2033-08-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| NEPTUNE BIDCO US INC                                                     | NLSN 9.29 04/15/29 144A          | CUSIP: 640695AA0<br>LEI: 549300VG15T3VCYZ4531 | Long             | DBT              | CORP              | US        |    300000 | PA      | $303656.85    | 1.00%             | 2029-04-15      | Fixed         | 9.29%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                                                   | VENLNG 7 01/15/30 144A           | CUSIP: 92332YAE1<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |    245000 | PA      | $252125.34    | 0.83%             | 2030-01-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| LADDER CAPITAL FINANCE HOLDINGS LLLP                                     | LADR 4.25 02/01/27 144A          | CUSIP: 505742AM8<br>LEI: 254900TBF2Z4GR7NSX02 | Long             | DBT              | CORP              | US        |    235000 | PA      | $233228.85    | 0.76%             | 2027-02-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| ORGANON & COMPANY                                                        | OGN 5.125 04/30/31 144A          | CUSIP: 68622TAB7<br>LEI: 549300AMCKY57OK2CO56 | Long             | DBT              | CORP              | US        |     35000 | PA      | $34803.20     | 0.11%             | 2031-04-30      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| MILLROSE PROPERTIES INC                                                  | MRP 6.375 08/01/30 144A          | CUSIP: 601137AA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     90000 | PA      | $91215.36     | 0.30%             | 2030-08-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| ALLIANCE RESOURCE OPERATING PARTNERS LP / ALLIANCE RESOURCE FINANCE CORP | ARLP 8.625 06/15/29 144A         | CUSIP: 01879NAC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    355000 | PA      | $371401.36    | 1.22%             | 2029-06-15      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| SCIENCE APPLICATIONS INTERNATIONAL CORP                                  | SAIC 4.875 04/01/28 144A         | CUSIP: 808625AA5<br>LEI: 549300LZPNZIXQGZPZ48 | Long             | DBT              | CORP              | US        |     85000 | PA      | $84481.25     | 0.28%             | 2028-04-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| ICAHN ENTERPRISES LP / ICAHN ENTERPRISES FINANCE CORP                    | IEP 5.25 05/15/27                | CUSIP: 451102BZ9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     30000 | PA      | $29730.96     | 0.10%             | 2027-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| TAYLOR MORRISON COMMUNITIES INC                                          | TMHC 5.75 11/15/32 144A          | CUSIP: 87724RAK8<br>LEI: 549300O1Z08HI2MRK572 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10116.26     | 0.03%             | 2032-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CONSENSUS CLOUD SOLUTIONS INC                                            | CCSI 6.5 10/15/28 144A           | CUSIP: 20848VAB1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    185000 | PA      | $183540.17    | 0.60%             | 2028-10-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| GLOBAL INFRASTRUCTURE SOLUTIONS INC                                      | GOINSO 5.625 06/01/29 144A       | CUSIP: 37960XAA5<br>LEI: 2549003BGLQITAJ6ZT28 | Long             | DBT              | CORP              | US        |    240000 | PA      | $239783.23    | 0.79%             | 2029-06-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| IQVIA INC                                                                | IQV 6.25 06/01/32 144A           | CUSIP: 46266TAG3<br>LEI: 549300PLWY28YB00C717 | Long             | DBT              | CORP              | US        |    180000 | PA      | $183536.28    | 0.60%             | 2032-06-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ONTARIO GAMING GTA LP                                                    | ONGAME 8 08/01/30 144A           | CUSIP: 68306MAA7<br>LEI: 894500EC9KLZLOC3V025 | Long             | DBT              | CORP              | CA        |    250000 | PA      | $247184.43    | 0.81%             | 2030-08-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                                           | NRG 4.955 04/30/31 144A          | CUSIP: 629377DE9<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    150000 | PA      | $149002.68    | 0.49%             | 2031-04-28      | Fixed         | 4.96%                 | No            |                  2 | On Loan: No      |
| FOCUS FINANCIAL PARTNERS LLC                                             | FOCS 6.75 09/15/31 144A          | CUSIP: 34417VAA5<br>LEI: 5493007L0E0VKRC2CP39 | Long             | DBT              | CORP              | US        |    225000 | PA      | $229048.81    | 0.75%             | 2031-09-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| AMNEAL PHARMACEUTICALS LLC                                               | AMNPHA 6.875 08/01/32 144A       | CUSIP: 03168LAA3<br>LEI: 54930037VIXE7LRZ1M66 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10397.88     | 0.03%             | 2032-08-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| HELIX ENERGY SOLUTIONS GROUP INC                                         | HLX 9.75 03/01/29 144A           | CUSIP: 42330PAL1<br>LEI: 416AP2JOUTCWEGSOZW41 | Long             | DBT              | CORP              | US        |    305000 | PA      | $320498.88    | 1.05%             | 2029-03-01      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| MEDLINE BORROWER LP                                                      | MEDIND 5.25 10/01/29 144A        | CUSIP: 62482BAB8<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |    345000 | PA      | $343533.99    | 1.13%             | 2029-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| AES CORP (THE)                                                           | AES V7.6 01/15/55                | CUSIP: 00130HCK9<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | DBT              | CORP              | US        |     75000 | PA      | $76446.45     | 0.25%             | 2055-01-15      | Fixed         | 7.60%                 | No            |                  2 | On Loan: No      |
| BLUE OWL CREDIT INCOME CORP                                              | OCINCC 3.125 09/23/26 *          | CUSIP: 69120VAM3<br>LEI: 5493003I42XBWPE05N35 | Long             | DBT              | CORP              | US        |    400000 | PA      | $396044.52    | 1.30%             | 2026-09-23      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| SOUTH BOW CANADIAN INFRASTRUCTURE HOLDINGS LTD                           | SOBOCN V7.625 03/01/55           | CUSIP: 836720AG7<br>LEI: 2549004FYUSYLPBT1G26 | Long             | DBT              | CORP              | CA        |    322000 | PA      | $336249.79    | 1.10%             | 2055-03-01      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| ORGANON & COMPANY                                                        | OGN 4.125 04/30/28 144a          | CUSIP: 68622TAA9<br>LEI: 549300AMCKY57OK2CO56 | Long             | DBT              | CORP              | US        |    190000 | PA      | $187626.28    | 0.61%             | 2028-04-30      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| NEW HOME COMPANY INC (THE)                                               | NWHM 8.5 11/01/30 144A           | CUSIP: 645370AG2<br>LEI: 549300PLCE8TB3TVRQ85 | Long             | DBT              | CORP              | US        |     15000 | PA      | $15344.60     | 0.05%             | 2030-11-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| FRONERI LUX FINCO SARL                                                   | ICECR 6 08/01/32 144a            | CUSIP: 35901MAA5<br>LEI: 9845005YBZ75E5AA3B94 | Long             | DBT              | CORP              | LU        |    155000 | PA      | $153391.19    | 0.50%             | 2032-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FORTRESS TRANSPORTATION AND INFRASTRUCTURE INVESTORS LLC                 | FTAI 5.5 05/01/28 144A           | CUSIP: 34960PAD3<br>LEI: 529900E7PUVK6BC8PE80 | Long             | DBT              | CORP              | US        |    195000 | PA      | $195036.58    | 0.64%             | 2028-05-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MERIDIAN ARC HOLDCO LLC                                                  | MERIDI 6.25 04/30/31 144A        | CUSIP: 58990CAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     40000 | PA      | $40009.50     | 0.13%             | 2031-04-30      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP                                                                | SUN 7 09/15/28 144A              | CUSIP: 86765KAA7<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |    365000 | PA      | $373890.31    | 1.23%             | 2028-09-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| INSIGHT ENTERPRISES INC                                                  | NSIT 6.625 05/15/32 144A         | CUSIP: 45765UAC7<br>LEI: 529900S8991TYW6YP792 | Long             | DBT              | CORP              | US        |     90000 | PA      | $89318.08     | 0.29%             | 2032-05-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| ALBERTSONS COMPANIES INC                                                 | ACI 5.5 03/31/31 144A            | CUSIP: 01309QAC2<br>LEI: 549300YKWOC0AOR16R51 | Long             | DBT              | CORP              | US        |     80000 | PA      | $79655.58     | 0.26%             | 2031-03-31      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| OUTFRONT MEDIA CAPITAL LLC (CBS OUTDOOR AMERICAS CAPITAL LLC)            | OUT 7.375 02/15/31 144A          | CUSIP: 69007TAG9<br>LEI: 5493005WC7J0FDMW0610 | Long             | DBT              | CORP              | US        |    155000 | PA      | $162209.83    | 0.53%             | 2031-02-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| TASEKO MINES LTD                                                         | TKOCN 8.25 05/01/30 144A         | CUSIP: 876511AG1<br>LEI: 549300XKUO1JSLU7KX54 | Long             | DBT              | CORP              | CA        |    160000 | PA      | $167695.36    | 0.55%             | 2030-05-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| UNDER ARMOUR INC                                                         | UA 7.25 07/15/30 144A            | CUSIP: 904311AD9<br>LEI: 549300D4549QKWETZ406 | Long             | DBT              | CORP              | US        |    120000 | PA      | $122544.72    | 0.40%             | 2030-07-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| CCO HOLDINGS LLC / CCO HOLDINGS CAPITAL CORP                             | CHTR 7.375 03/01/31 144A         | CUSIP: 1248EPCT8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     75000 | PA      | $75965.78     | 0.25%             | 2031-03-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INC (REIT)                                                 | IRM 5.25 07/15/30 144A           | CUSIP: 46284VAJ0<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              | CORP              | US        |    155000 | PA      | $153479.71    | 0.50%             | 2030-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MCGRAW-HILL EDUCATION INC                                                | MHED 5.75 08/01/28 144A          | CUSIP: 57767XAA8<br>LEI: 254900U6YJ9QZ4IQOR26 | Long             | DBT              | CORP              | US        |    230000 | PA      | $228416.17    | 0.75%             | 2028-08-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| MAUSER PACKAGING SOLUTIONS HOLDING COMPANY                               | BWY 7.875 04/15/30 144A          | CUSIP: 57763RAE7<br>LEI: 549300DNGHXL0OMHW304 | Long             | DBT              | CORP              | US        |    200000 | PA      | $202375.00    | 0.66%             | 2030-04-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Lannett Company Inc.                                                     | LANNETT C 06/16/30               | CUSIP: 000000000<br>LEI: 5299001DJ6C90XX17G45 | Long             | LON              | CORP              | US        |      1938 | PA      | $1637.48      | 0.01%             | 2030-06-16      | Floating      | 2.00%                 | No            |                  3 | On Loan: No      |
| GENESIS ENERGY LP                                                        | GEL 8.875 04/15/30               | CUSIP: 37185LAN2<br>LEI: 549300VJ5D6MDK138782 | Long             | DBT              | CORP              | US        |    320000 | PA      | $335411.52    | 1.10%             | 2030-04-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| ADAPTHEALTH LLC                                                          | ADAHEA 6.125 08/01/28 144A       | CUSIP: 00653VAA9<br>LEI: 549300SN58QQ28RVWE26 | Long             | DBT              | CORP              | US        |    215000 | PA      | $215094.73    | 0.70%             | 2028-08-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| BLUE OWL CREDIT INCOME CORP                                              | OCINCC 6.65 03/15/31             | CUSIP: 69120VAZ4<br>LEI: 5493003I42XBWPE05N35 | Long             | DBT              | CORP              | US        |     69000 | PA      | $68754.09     | 0.23%             | 2031-03-15      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| RACKSPACE TECHNOLOGY GLOBAL INC                                          | RAX 5.375 12/01/28 144A          | CUSIP: 750098AA3<br>LEI: 549300QTYCKLMFSE8I97 | Long             | DBT              | CORP              | US        |     50000 | PA      | $19000.00     | 0.06%             | 2028-12-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| TIDEWATER INC                                                            | TDW 9.125 07/15/30 144A          | CUSIP: 88642RAE9<br>LEI: 2549000JA5GRUPLMUH98 | Long             | DBT              | CORP              | US        |     85000 | PA      | $91556.73     | 0.30%             | 2030-07-15      | Fixed         | 9.12%                 | No            |                  2 | On Loan: No      |
| SINCLAIR TELEVISION GROUP INC                                            | SBGI 8.125 02/15/33 144A         | CUSIP: 829259BH2<br>LEI: 549300CQGEN0CH65UD62 | Long             | DBT              | CORP              | US        |    145000 | PA      | $150251.18    | 0.49%             | 2033-02-15      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| PEDIATRIX MEDICAL GROUP INC                                              | Pediatrix Medical Group Inc      | CUSIP: 58502BAE6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    135000 | PA      | $134315.29    | 0.44%             | 2030-02-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| TEINE ENERGY LTD                                                         | TEINEN 6.875 04/15/29 144A       | CUSIP: 879068AB0<br>LEI: 894500JBC83AX7PYEU16 | Long             | DBT              | CORP              | CA        |    345000 | PA      | $345621.00    | 1.13%             | 2029-04-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                                              | ORCL 4.95 02/04/31               | CUSIP: 68389XDX0<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |     80000 | PA      | $78274.85     | 0.26%             | 2031-02-04      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| NEXSTAR MEDIA GROUP INC                                                  | NXST 6.5 09/15/33 144A           | CUSIP: 65346UAB5<br>LEI: 52990083ZRR5UT591988 | Long             | DBT              | CORP              | US        |     65000 | PA      | $65542.17     | 0.21%             | 2033-09-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| LUMMUS TECHNOLOGY HOLDINGS V LLC                                         | LUMMUS 9 07/01/28 144A           | CUSIP: 45232TAA9<br>LEI: 549300K1Y0YC1YC1H809 | Long             | DBT              | CORP              | US        |     71000 | PA      | $71170.60     | 0.23%             | 2028-07-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| AZORRA FINANCE LTD                                                       | AZORRA 7.25 01/15/31 144A        | CUSIP: 05480AAB1<br>LEI: 254900MC1HXDAVUUP395 | Long             | DBT              | CORP              | KY        |    130000 | PA      | $133255.85    | 0.44%             | 2031-01-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| WINDSOR HOLDINGS III LLC                                                 | UNVR 8.5 06/15/30 144A           | CUSIP: 97360AAA5<br>LEI: 254900IXUJZ9H146T437 | Long             | DBT              | CORP              | US        |    150000 | PA      | $156770.25    | 0.51%             | 2030-06-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                                         | CSCHLD 11.25 05/15/28 144A       | CUSIP: 126307BM8<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    105000 | PA      | $85506.18     | 0.28%             | 2028-05-15      | Fixed         | 11.25%                | No            |                  2 | On Loan: No      |
| JH NORTH AMERICA HOLDINGS INC                                            | JHXAU 5.875 01/31/31 144A        | CUSIP: 46593WAA3<br>LEI: 254900A6FXA0D81TL967 | Long             | DBT              | CORP              | US        |    150000 | PA      | $150047.88    | 0.49%             | 2031-01-31      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| GRAY MEDIA INC                                                           | GTN 9.625 07/15/32 144A          | CUSIP: 389375AN6<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |    100000 | PA      | $101738.00    | 0.33%             | 2032-07-15      | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| CDI ESCROW ISSUER INC                                                    | CHDN 5.75 04/01/30 144A          | CUSIP: 12511VAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    340000 | PA      | $339088.77    | 1.11%             | 2030-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CAPSTONE COPPER CORP                                                     | CAPCOP 6.75 03/31/33 144A        | CUSIP: 14071LAA6<br>LEI: 549300III6KGKKC42W63 | Long             | DBT              | CORP              | CA        |    250000 | PA      | $254589.00    | 0.83%             | 2033-03-31      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| DBR LAND HOLDINGS LLC                                                    | LB 6.25 12/01/30 144A            | CUSIP: 24024BAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     75000 | PA      | $76822.88     | 0.25%             | 2030-12-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ENDO FINANCE HOLDINGS INC                                                | ENDP 8.5 04/15/31 144A           | CUSIP: 29281RAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    310000 | PA      | $328747.26    | 1.08%             | 2031-04-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| UNITED AIRLINES HOLDINGS INC                                             | UAL 4.875 03/01/29               | CUSIP: 910047AM1<br>LEI: 98450079DA0B78DD6764 | Long             | DBT              | CORP              | US        |     70000 | PA      | $69129.31     | 0.23%             | 2029-03-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| SV RNO PROPERTY OWNER 1 LLC                                              | TRACTC 5.875 03/01/31 144A       | CUSIP: 78488XAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     90000 | PA      | $88361.88     | 0.29%             | 2031-03-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ASCENT RESOURCES UTICA HOLDINGS LLC/ARU FINANCE CORP                     | ASCRES 6.625 10/15/32 144A       | CUSIP: 04364VAX1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    230000 | PA      | $236325.46    | 0.77%             | 2032-10-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| BUILDERS FIRSTSOURCE INC                                                 | BLDR 5 03/01/30 144A             | CUSIP: 12008RAN7<br>LEI: 549300W0SKP6L3H7DP63 | Long             | DBT              | CORP              | US        |    185000 | PA      | $181174.46    | 0.59%             | 2030-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KODIAK GAS SERVICES LLC                                                  | KGS 6.5 10/01/33 144A            | CUSIP: 50012LAD6<br>LEI: 549300ZQBRWEUOVOM131 | Long             | DBT              | CORP              | US        |    150000 | PA      | $153515.55    | 0.50%             | 2033-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| GLOBAL MEDICAL RESPONSE INC                                              | AIMEGR 7.375 10/01/32 144A       | CUSIP: 37960BAD7<br>LEI: 549300ZFWD4ZFCEJCQ87 | Long             | DBT              | CORP              | US        |     75000 | PA      | $78225.75     | 0.26%             | 2032-10-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| ALBION FINANCING 1 SARL / AGGREKO HOLDINGS INC                           | AGKLN 7 05/21/30 144A            | CUSIP: 01330AAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    178000 | PA      | $183966.56    | 0.60%             | 2030-05-21      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| GRIFOLS SA                                                               | GRFSM 4.75 10/15/28 144a         | CUSIP: 39843UAA0<br>LEI: 959800HSSNXWRKBK4N60 | Long             | DBT              | CORP              | ES        |    235000 | PA      | $231859.08    | 0.76%             | 2028-10-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CORONADO FINANCE PTY LTD                                                 | CRNAU 9.25 10/01/29 144A         | CUSIP: 21979LAB2<br>LEI: 549300NS5FS0W548RE27 | Long             | DBT              | CORP              | AU        |    175000 | PA      | $158846.58    | 0.52%             | 2029-10-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| POST HOLDINGS INC                                                        | POST 6.25 02/15/32 144A          | CUSIP: 737446AU8<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |     60000 | PA      | $61220.82     | 0.20%             | 2032-02-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                                                       | ET V8 05/15/54                   | CUSIP: 29273VAX8<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    170000 | PA      | $180291.23    | 0.59%             | 2054-05-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| OPAL BIDCO SAS                                                           | OPALBD 6.5 03/31/32 144A         | CUSIP: 68348BAA1<br>LEI: 969500R96XT7XY2UJ564 | Long             | DBT              | CORP              | FR        |    150000 | PA      | $152801.55    | 0.50%             | 2032-03-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| POST HOLDINGS INC                                                        | POST 6.375 03/01/33 144A         | CUSIP: 737446AV6<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |     25000 | PA      | $25006.40     | 0.08%             | 2033-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| CATURUS ENERGY LLC                                                       | Caturus Energy LLC               | CUSIP: 49446BAA2<br>LEI: 254900LM244SIFQ1QY31 | Long             | DBT              | CORP              | US        |    165000 | PA      | $172598.94    | 0.57%             | 2030-02-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| HUB INTERNATIONAL LTD                                                    | HBGCN 7.25 06/15/30 144A         | CUSIP: 44332PAH4<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |    325000 | PA      | $336385.08    | 1.10%             | 2030-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                                                     | CLF 7.625 01/15/34 144A          | CUSIP: 18589GAA3<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |    120000 | PA      | $121305.48    | 0.40%             | 2034-01-15      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| FORTRESS TRANSPORTATION AND INFRASTRUCTURE INVESTORS LLC                 | FTAI 7 05/01/31 144A             | CUSIP: 34960PAF8<br>LEI: 529900E7PUVK6BC8PE80 | Long             | DBT              | CORP              | US        |     85000 | PA      | $88032.12     | 0.29%             | 2031-05-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| DENTSPLY SIRONA INC                                                      | XRAY V8.375 09/12/55             | CUSIP: 24906PAB5<br>LEI: 9NHEHR1SOZCYXDO8HO28 | Long             | DBT              | CORP              | US        |    160000 | PA      | $160951.36    | 0.53%             | 2055-09-12      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| MAXAM PRILL SARL                                                         | MXPRLL 7.75 07/15/30 144A        | CUSIP: 57779MAA8<br>LEI: 984500C4C5B820A6B691 | Long             | DBT              | CORP              | LU        |    200000 | PA      | $207570.60    | 0.68%             | 2030-07-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| AMERICAN ELECTRIC POWER COMPANY INC                                      | AEP V7.05 12/15/54 *             | CUSIP: 025537AZ4<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | DBT              | CORP              | US        |    150000 | PA      | $157053.90    | 0.51%             | 2054-12-15      | Fixed         | 7.05%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-06-24

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

**Signature:** Brinton W. Frith

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

**Title:** Treasurer and Principal Financial Officer