# EDGAR Filing Document

**Accession Number:** 0000867297
**File Stem:** 0000940400-25-010876
**Filing Date:** 2025-11
**Character Count:** 274910
**Document Hash:** d0b24b82e9843e1e258e40d23d442043
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-25-010876.hdr.sgml**: 20251126

**ACCESSION NUMBER**: 0000940400-25-010876

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251126

**DATE AS OF CHANGE**: 20251126

**PERIOD START**: 20260630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Virtus Investment Trust
- **CENTRAL INDEX KEY:** 0000867297

**ORGANIZATION NAME:**
- **EIN:** 330457728
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-06161
- **FILM NUMBER:** 251527447

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

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ALLIANZ FUNDS
- **DATE OF NAME CHANGE:** 20050330

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PIMCO FUNDS MULTI MANAGER SERIES
- **DATE OF NAME CHANGE:** 19970626

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PIMCO FUNDS EQUITY ADVISORS SERIES
- **DATE OF NAME CHANGE:** 19960227

## Series and Classes Contracts Data

### Virtus Income & Growth Fund (Series ID: S000015823)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000043488 | Class A             | AZNAX           |
| C000043489 | Class C             | AZNCX           |
| C000043491 | Institutional Class | AZNIX           |

## Nport-Ex

**VIRTUS Income & Growth Fund**

**SCHEDULE OF INVESTMENTS (Unaudited)**

**September 30, 2025**

($ reported in thousands)

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

---

| | | |
|:---|:---|:---|
|  | **Par Value** | **Value** |
| **Convertible Bonds and Notes—22.3%** | **Convertible Bonds and Notes—22.3%** | **Convertible Bonds and Notes—22.3%** |
| **Aerospace & Defense—0.3%** | **Aerospace & Defense—0.3%** |  |
| &nbsp;&nbsp;&nbsp; AeroVironment, Inc. <br>0.000%, 7/15/30<br>| $11895 | &nbsp;&nbsp; $14738 |
| **Auto Manufacturers—0.6%** | **Auto Manufacturers—0.6%** |  |
| &nbsp;&nbsp;&nbsp; Ford Motor Co. <br>0.000%, 3/15/26<br>| 5155 | &nbsp;&nbsp; 5225 |
| &nbsp;&nbsp;&nbsp; Lucid Group, Inc. 144A <br>1.250%, 12/15/26<sup>(1)</sup> <br>| 10380 | &nbsp;&nbsp; 9653 |
| &nbsp;&nbsp;&nbsp; Rivian Automotive, Inc. <br>4.625%, 3/15/29<br>| 11920 | &nbsp;&nbsp; 12343 |
|  |  | &nbsp;&nbsp; 27221 |
| **Biotechnology—1.7%** | **Biotechnology—1.7%** |  |
| &nbsp;&nbsp;&nbsp; Alnylam Pharmaceuticals, <br> Inc. <br>1.000%, 9/15/27<br>| 15640 | &nbsp;&nbsp; 25704 |
| &nbsp;&nbsp;&nbsp; BioMarin Pharmaceutical, <br> Inc. <br>1.250%, 5/15/27<br>| 6120 | &nbsp;&nbsp; 5802 |
| &nbsp;&nbsp;&nbsp; Bridgebio Pharma, Inc. <br> 144A <br>1.750%, 3/1/31<sup>(1)</sup> <br>| 10030 | &nbsp;&nbsp; 13370 |
| &nbsp;&nbsp;&nbsp; Cytokinetics, Inc. 144A <br>1.750%, 10/1/31<sup>(1)</sup> <br>| 6905 | &nbsp;&nbsp; 7874 |
| Ionis Pharmaceuticals, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>0.000%, 4/1/26 | 4570 | &nbsp;&nbsp; 5607 |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>1.750%, 6/15/28 | 6070 | &nbsp;&nbsp; 8388 |
| &nbsp;&nbsp;&nbsp; Ligand Pharmaceuticals, <br> Inc. 144A <br>0.750%, 10/1/30<sup>(1)</sup> <br>| 11235 | &nbsp;&nbsp; 12646 |
|  |  | &nbsp;&nbsp; 79391 |
| **Commercial Services—1.4%** | **Commercial Services—1.4%** |  |
| &nbsp;&nbsp;&nbsp; Affirm Holdings, Inc. 144A <br>0.750%, 12/15/29<sup>(1)</sup> <br>| 8600 | &nbsp;&nbsp; 9339 |
| Block, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>0.000%, 5/1/26 | 19765 | &nbsp;&nbsp; 19192 |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>0.250%, 11/1/27 | 2860 | &nbsp;&nbsp; 2601 |
| &nbsp;&nbsp;&nbsp; Global Payments, Inc. <br>1.500%, 3/1/31<br>| 30895 | &nbsp;&nbsp; 28277 |
| &nbsp;&nbsp;&nbsp; Shift4 Payments, Inc. <br>0.500%, 8/1/27<br>| 7550 | &nbsp;&nbsp; 7430 |
|  |  | &nbsp;&nbsp; 66839 |
| **Computers—1.5%** | **Computers—1.5%** |  |
| &nbsp;&nbsp;&nbsp; CyberArk Software Ltd. <br> 144A <br>0.000%, 6/15/30<sup>(1)</sup> <br>| 16735 | &nbsp;&nbsp; 18583 |
| &nbsp;&nbsp;&nbsp; Lumentum Holdings, Inc. <br> 144A <br>0.375%, 3/15/32<sup>(1)</sup> <br>| 23155 | &nbsp;&nbsp; 26582 |
| &nbsp;&nbsp;&nbsp; Parsons Corp. <br>2.625%, 3/1/29<br>| 13700 | &nbsp;&nbsp; 15618 |
| &nbsp;&nbsp;&nbsp; Zscaler, Inc. 144A <br>0.000%, 7/15/28<sup>(1)(2)</sup> <br>| 12070 | &nbsp;&nbsp; 11967 |
|  |  | &nbsp;&nbsp; 72750 |

---

---

| | | |
|:---|:---|:---|
|  | **Par Value** | **Value** |
| **Diversified REITs—0.3%** | **Diversified REITs—0.3%** |  |
| &nbsp;&nbsp;&nbsp; Digital Realty Trust LP <br> 144A <br>1.875%, 11/15/29<sup>(1)</sup> <br>| $14425 | &nbsp;&nbsp; $15146 |
| **Electric Utilities—0.8%** | **Electric Utilities—0.8%** |  |
| &nbsp;&nbsp;&nbsp; NextEra Energy Capital <br> Holdings, Inc. <br>3.000%, 3/1/27<br>| 3810 | &nbsp;&nbsp; 4499 |
| &nbsp;&nbsp;&nbsp; Southern Co. (The) 144A <br>3.250%, 6/15/28<sup>(1)</sup> <br>| 20645 | &nbsp;&nbsp; 20893 |
| &nbsp;&nbsp;&nbsp; WEC Energy Group, Inc. <br> 144A <br>3.375%, 6/1/28<sup>(1)</sup> <br>| 14575 | &nbsp;&nbsp; 15056 |
|  |  | &nbsp;&nbsp; 40448 |
| **Electronics—0.1%** | **Electronics—0.1%** |  |
| &nbsp;&nbsp;&nbsp; Mirion Technologies, Inc. <br> 144A <br>0.000%, 10/1/31<sup>(1)</sup> <br>| 5410 | &nbsp;&nbsp; 5817 |
| **Energy-Alternate Sources—0.1%** | **Energy-Alternate Sources—0.1%** |  |
| &nbsp;&nbsp;&nbsp; Enphase Energy, Inc. <br>0.000%, 3/1/28<br>| 4290 | &nbsp;&nbsp; 3715 |
| &nbsp;&nbsp;&nbsp; Sunnova Energy <br> International, Inc. <br>2.625%, 2/15/28<br>| 17395 | &nbsp;&nbsp; 9 |
|  |  | &nbsp;&nbsp; 3724 |
| **Entertainment—1.0%** | **Entertainment—1.0%** |  |
| &nbsp;&nbsp;&nbsp; DraftKings Holdings, Inc. <br>0.000%, 3/15/28<br>| 14375 | &nbsp;&nbsp; 12902 |
| &nbsp;&nbsp;&nbsp; Live Nation Entertainment, <br> Inc. 144A <br>2.875%, 1/15/30<sup>(1)</sup> <br>| 30235 | &nbsp;&nbsp; 33515 |
|  |  | &nbsp;&nbsp; 46417 |
| **Financial Services—1.1%** | **Financial Services—1.1%** |  |
| Coinbase Global, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>0.500%, 6/1/26 | 22920 | &nbsp;&nbsp; 25441 |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 0.000%, 10/1/29<sup>(1)</sup> <br>| 7215 | &nbsp;&nbsp; 7686 |
| &nbsp;&nbsp;&nbsp; SoFi Technologies, Inc. <br> 144A <br>0.000%, 10/15/26<sup>(1)</sup> <br>| 11965 | &nbsp;&nbsp; 15549 |
| &nbsp;&nbsp;&nbsp; Upstart Holdings, Inc. <br> 144A <br>1.000%, 11/15/30<sup>(1)</sup> <br>| 5065 | &nbsp;&nbsp; 4738 |
|  |  | &nbsp;&nbsp; 53414 |
| **Health Care REITs—0.8%** | **Health Care REITs—0.8%** |  |
| &nbsp;&nbsp;&nbsp; Welltower OP LLC 144A <br>3.125%, 7/15/29<sup>(1)</sup> <br>| 27855 | &nbsp;&nbsp; 40905 |
| **Healthcare-Products—1.0%** | **Healthcare-Products—1.0%** |  |
| Exact Sciences Corp. |  |  |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>0.375%, 3/15/27 | 8110 | &nbsp;&nbsp; 7781 |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 1.750%, 4/15/31<sup>(1)</sup> <br>| 10130 | &nbsp;&nbsp; 9426 |
| &nbsp;&nbsp;&nbsp; Guardant Health, Inc. <br>1.250%, 2/15/31<br>| 11120 | &nbsp;&nbsp; 14451 |
| &nbsp;&nbsp;&nbsp; iRhythm Technologies, Inc. <br>1.500%, 9/1/29<br>| 6590 | &nbsp;&nbsp; 9041 |

---

---

| | | |
|:---|:---|:---|
|  | **Par Value** | **Value** |
| **Healthcare-Products—continued** | **Healthcare-Products—continued** |  |
| &nbsp;&nbsp;&nbsp; Repligen Corp. <br>1.000%, 12/15/28<br>| $5540 | &nbsp;&nbsp; $5557 |
|  |  | &nbsp;&nbsp; 46256 |
| **Hotel & Resort REITs—0.1%** | **Hotel & Resort REITs—0.1%** |  |
| &nbsp;&nbsp;&nbsp; Pebblebrook Hotel Trust <br> 144A <br>1.625%, 1/15/30<sup>(1)</sup> <br>| 3135 | &nbsp;&nbsp; 3087 |
| **Industrial REITs—0.3%** | **Industrial REITs—0.3%** |  |
| &nbsp;&nbsp;&nbsp; Rexford Industrial <br> Realty LP 144A <br>4.375%, 3/15/27<sup>(1)</sup> <br>| 14135 | &nbsp;&nbsp; 14121 |
| **Internet—3.9%** | **Internet—3.9%** |  |
| &nbsp;&nbsp;&nbsp; Alibaba Group Holding Ltd. <br>0.500%, 6/1/31<br>| 7680 | &nbsp;&nbsp; 14108 |
| &nbsp;&nbsp;&nbsp; DoorDash, Inc. 144A <br>0.000%, 5/15/30<sup>(1)</sup> <br>| 15355 | &nbsp;&nbsp; 17451 |
| Etsy, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>0.125%, 9/1/27 | 4955 | &nbsp;&nbsp; 4557 |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>0.250%, 6/15/28 | 24535 | &nbsp;&nbsp; 21640 |
| &nbsp;&nbsp;&nbsp; Expedia Group, Inc. <br>0.000%, 2/15/26<br>| 22790 | &nbsp;&nbsp; 22950 |
| &nbsp;&nbsp;&nbsp; MakeMyTrip Ltd. 144A <br>0.000%, 7/1/30<sup>(1)</sup> <br>| 10095 | &nbsp;&nbsp; 10422 |
| &nbsp;&nbsp;&nbsp; Match Group Financeco 3, <br> Inc. 144A <br>2.000%, 1/15/30<sup>(1)</sup> <br>| 4265 | &nbsp;&nbsp; 3909 |
| &nbsp;&nbsp;&nbsp; Sea Ltd. <br>0.250%, 9/15/26<br>| 13325 | &nbsp;&nbsp; 12761 |
| &nbsp;&nbsp;&nbsp; Shopify, Inc. <br>0.125%, 11/1/25<br>| 9840 | &nbsp;&nbsp; 10337 |
| &nbsp;&nbsp;&nbsp; Snap, Inc. <br>0.125%, 3/1/28<br>| 7940 | &nbsp;&nbsp; 7079 |
| &nbsp;&nbsp;&nbsp; Spotify USA, Inc. <br>0.000%, 3/15/26<br>| 11550 | &nbsp;&nbsp; 15783 |
| &nbsp;&nbsp;&nbsp; Trip.com Group Ltd. <br>0.750%, 6/15/29<br>| 8635 | &nbsp;&nbsp; 11005 |
| &nbsp;&nbsp;&nbsp; Uber Technologies, Inc. <br>0.000%, 12/15/25<br>| 18915 | &nbsp;&nbsp; 23039 |
| &nbsp;&nbsp;&nbsp; Wayfair, Inc. <br>3.250%, 9/15/27<br>| 9060 | &nbsp;&nbsp; 13805 |
|  |  | &nbsp;&nbsp; 188846 |
| **Investment Companies—0.6%** | **Investment Companies—0.6%** |  |
| &nbsp;&nbsp;&nbsp; Cipher Mining, Inc. 144A <br>0.000%, 10/1/31<sup>(1)</sup> <br>| 9700 | &nbsp;&nbsp; 10663 |
| &nbsp;&nbsp;&nbsp; IREN Ltd. 144A <br>3.250%, 6/15/30<sup>(1)</sup> <br>| 6805 | &nbsp;&nbsp; 19961 |
|  |  | &nbsp;&nbsp; 30624 |
| **Leisure Time—0.2%** | **Leisure Time—0.2%** |  |
| &nbsp;&nbsp;&nbsp; NCL Corp., Ltd. 144A <br>0.750%, 9/15/30<sup>(1)</sup> <br>| 10740 | &nbsp;&nbsp; 10834 |
| **Media—0.2%** | **Media—0.2%** |  |
| &nbsp;&nbsp;&nbsp; Liberty Broadband Corp. <br> 144A <br>3.125%, 3/31/53<sup>(1)</sup> <br>| 7870 | &nbsp;&nbsp; 7768 |

---

See Notes to Schedule of Investments

------

**VIRTUS Income & Growth Fund**

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

**September 30, 2025**

($ reported in thousands)

---

| | | |
|:---|:---|:---|
|  | **Par Value** | **Value** |
| **Mining—0.3%** | **Mining—0.3%** |  |
| &nbsp;&nbsp;&nbsp; Centrus Energy Corp. 144A <br>0.000%, 8/15/32<sup>(1)</sup> <br>| $8960 | &nbsp;&nbsp; $13821 |
| **Office REITs—0.2%** | **Office REITs—0.2%** |  |
| &nbsp;&nbsp;&nbsp; Boston Properties LP 144A <br>2.000%, 10/1/30<sup>(1)</sup> <br>| 8040 | &nbsp;&nbsp; 8016 |
| **Personal Care Product—0.3%** | **Personal Care Product—0.3%** |  |
| &nbsp;&nbsp;&nbsp; Oddity Finance LLC 144A <br>0.000%, 6/15/30<sup>(1)</sup> <br>| 14200 | &nbsp;&nbsp; 14307 |
| **Pharmaceuticals—0.6%** | **Pharmaceuticals—0.6%** |  |
| Jazz Investments I Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>2.000%, 6/15/26 | 21470 | &nbsp;&nbsp; 22790 |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>3.125%, 9/15/30 | 3190 | &nbsp;&nbsp; 3785 |
|  |  | &nbsp;&nbsp; 26575 |
| **Pipelines—0.2%** | **Pipelines—0.2%** |  |
| &nbsp;&nbsp;&nbsp; Golar LNG Ltd. 144A <br>2.750%, 12/15/30<sup>(1)</sup> <br>| 8280 | &nbsp;&nbsp; 8363 |
| **Semiconductors—1.2%** | **Semiconductors—1.2%** |  |
| &nbsp;&nbsp;&nbsp; Microchip Technology, Inc. <br>0.750%, 6/1/30<br>| 12740 | &nbsp;&nbsp; 12351 |
| &nbsp;&nbsp;&nbsp; MKS, Inc. <br>1.250%, 6/1/30<br>| 12070 | &nbsp;&nbsp; 13217 |
| ON Semiconductor Corp. |  |  |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>0.000%, 5/1/27 | 6340 | &nbsp;&nbsp; 7215 |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>0.500%, 3/1/29 | 14930 | &nbsp;&nbsp; 13776 |
| &nbsp;&nbsp;&nbsp; Synaptics, Inc. 144A <br>0.750%, 12/1/31<sup>(1)</sup> <br>| 8385 | &nbsp;&nbsp; 8255 |
| Wolfspeed, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>2.500%, 6/15/31 | 1749 | &nbsp;&nbsp; 1597 |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 2.500%, 6/15/31<sup>(1)</sup> <br>| 1993 | &nbsp;&nbsp; 1820 |
|  |  | &nbsp;&nbsp; 58231 |
| **Software—3.5%** | **Software—3.5%** |  |
| Akamai Technologies, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>0.375%, 9/1/27 | 9720 | &nbsp;&nbsp; 9297 |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>1.125%, 2/15/29 | 10045 | &nbsp;&nbsp; 9422 |
| &nbsp;&nbsp;&nbsp; BILL Holdings, Inc. 144A <br>0.000%, 4/1/30<sup>(1)</sup> <br>| 11595 | &nbsp;&nbsp; 10320 |
| Cloudflare, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>0.000%, 8/15/26 | 10835 | &nbsp;&nbsp; 13497 |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 0.000%, 6/15/30<sup>(1)</sup> <br>| 6245 | &nbsp;&nbsp; 7091 |
| &nbsp;&nbsp;&nbsp; Confluent, Inc. <br>0.000%, 1/15/27<sup>(2)</sup> <br>| 8315 | &nbsp;&nbsp; 7823 |
| &nbsp;&nbsp;&nbsp; Datadog, Inc. 144A <br>0.000%, 12/1/29<sup>(1)(2)</sup> <br>| 18520 | &nbsp;&nbsp; 18335 |
| &nbsp;&nbsp;&nbsp; Guidewire Software, Inc. <br> 144A <br>1.250%, 11/1/29<sup>(1)</sup> <br>| 12170 | &nbsp;&nbsp; 14154 |
| &nbsp;&nbsp;&nbsp; Nebius Group N.V. 144A <br>2.750%, 9/15/32<sup>(1)</sup> <br>| 2605 | &nbsp;&nbsp; 3028 |
| &nbsp;&nbsp;&nbsp; Nutanix, Inc. 144A <br>0.500%, 12/15/29<sup>(1)</sup> <br>| 11340 | &nbsp;&nbsp; 12766 |
| &nbsp;&nbsp;&nbsp; Snowflake, Inc. <br>0.000%, 10/1/29<br>| 15675 | &nbsp;&nbsp; 24539 |
| &nbsp;&nbsp;&nbsp; Strategy, Inc. 144A <br>0.000%, 12/1/29<sup>(1)</sup> <br>| 29170 | &nbsp;&nbsp; 26108 |

---

---

| | | |
|:---|:---|:---|
|  | **Par Value** | **Value** |
| **Software—continued** | **Software—continued** |  |
| &nbsp;&nbsp;&nbsp; Unity Software, Inc. 144A <br>0.000%, 3/15/30<sup>(1)</sup> <br>| $9720 | &nbsp;&nbsp; $13128 |
|  |  | &nbsp;&nbsp; 169508 |
| **Total Convertible Bonds and** <br> **Notes** <br>**(Identified Cost $1,031,319)** | **Total Convertible Bonds and** <br> **Notes** <br>**(Identified Cost $1,031,319)** | &nbsp;&nbsp; **1067167** |
| **Corporate Bonds and Notes—31.7%** | **Corporate Bonds and Notes—31.7%** | **Corporate Bonds and Notes—31.7%** |
| **Advertising—0.3%** | **Advertising—0.3%** |  |
| &nbsp;&nbsp;&nbsp; Clear Channel Outdoor <br> Holdings, Inc.<br>|  |  |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 7.750%, 4/15/28<sup>(1)</sup> <br>| 5410 | &nbsp;&nbsp; 5400 |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 7.500%, 6/1/29<sup>(1)</sup> <br>| 7810 | &nbsp;&nbsp; 7585 |
|  |  | &nbsp;&nbsp; 12985 |
| **Aerospace & Defense—1.4%** | **Aerospace & Defense—1.4%** |  |
| Bombardier, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 7.500%, 2/1/29<sup>(1)</sup> <br>| 21615 | &nbsp;&nbsp; 22522 |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 7.000%, 6/1/32<sup>(1)</sup> <br>| 6530 | &nbsp;&nbsp; 6825 |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 6.750%, 6/15/33<sup>(1)</sup> <br>| 1875 | &nbsp;&nbsp; 1957 |
| TransDigm, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 6.375%, 5/31/33<sup>(1)</sup> <br>| 18900 | &nbsp;&nbsp; 19112 |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 6.750%, 1/31/34<sup>(1)</sup> <br>| 16215 | &nbsp;&nbsp; 16766 |
|  |  | &nbsp;&nbsp; 67182 |
| **Auto Manufacturers—0.2%** | **Auto Manufacturers—0.2%** |  |
| &nbsp;&nbsp;&nbsp; Ford Motor Co. <br>7.450%, 7/16/31<br>| 9690 | &nbsp;&nbsp; 10718 |
| **Automobile Components—1.3%** | **Automobile Components—1.3%** |  |
| &nbsp;&nbsp;&nbsp; Adient Global Holdings Ltd. <br> 144A <br>7.500%, 2/15/33<sup>(1)</sup> <br>| 9765 | &nbsp;&nbsp; 10111 |
| &nbsp;&nbsp;&nbsp; American Axle & <br> Manufacturing, Inc.<br>|  |  |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>5.000%, 10/1/29 | 4125 | &nbsp;&nbsp; 3920 |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A <br> 6.375%, 10/15/32<sup>(1)</sup> <br>| 2390 | &nbsp;&nbsp; 2386 |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A <br> 7.750%, 10/15/33<sup>(1)</sup> <br>| 8535 | &nbsp;&nbsp; 8601 |
| Clarios Global LP |  |  |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 6.750%, 5/15/28<sup>(1)</sup> <br>| 4250 | &nbsp;&nbsp; 4344 |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 6.750%, 9/15/32<sup>(1)</sup> <br>| 11525 | &nbsp;&nbsp; 11780 |
| &nbsp;&nbsp;&nbsp; Goodyear Tire & Rubber <br> Co. (The)<br>|  |  |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>6.625%, 7/15/30 | 6805 | &nbsp;&nbsp; 6905 |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>5.250%, 7/15/31 | 8905 | &nbsp;&nbsp; 8365 |
| &nbsp;&nbsp;&nbsp; Tenneco, Inc. 144A <br>8.000%, 11/17/28<sup>(1)</sup> <br>| 5295 | &nbsp;&nbsp; 5305 |
|  |  | &nbsp;&nbsp; 61717 |
| **Building Materials—1.0%** | **Building Materials—1.0%** |  |
| Builders FirstSource, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 4.250%, 2/1/32<sup>(1)</sup> <br>| 10405 | &nbsp;&nbsp; 9785 |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 6.375%, 6/15/32<sup>(1)</sup> <br>| 7065 | &nbsp;&nbsp; 7303 |
| Quikrete Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 6.375%, 3/1/32<sup>(1)</sup> <br>| 18335 | &nbsp;&nbsp; 18992 |

---

---

| | | |
|:---|:---|:---|
|  | **Par Value** | **Value** |
| **Building Materials—continued** | **Building Materials—continued** |  |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 6.750%, 3/1/33<sup>(1)</sup> <br>| $12150 | &nbsp;&nbsp; $12633 |
|  |  | &nbsp;&nbsp; 48713 |
| **Chemicals—0.6%** | **Chemicals—0.6%** |  |
| &nbsp;&nbsp;&nbsp; Celanese U.S. Holdings <br> LLC <br>6.750%, 4/15/33<br>| 14715 | &nbsp;&nbsp; 14653 |
| &nbsp;&nbsp;&nbsp; Chemours Co. (The) 144A <br>8.000%, 1/15/33<sup>(1)</sup> <br>| 14910 | &nbsp;&nbsp; 14830 |
|  |  | &nbsp;&nbsp; 29483 |
| **Commercial Services—1.9%** | **Commercial Services—1.9%** |  |
| &nbsp;&nbsp;&nbsp; ADT Security Corp. (The) <br> 144A <br>4.125%, 8/1/29<sup>(1)</sup> <br>| 14625 | &nbsp;&nbsp; 14143 |
| Avis Budget Car Rental LLC |  |  |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 8.000%, 2/15/31<sup>(1)</sup> <br>| 10660 | &nbsp;&nbsp; 11028 |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 8.375%, 6/15/32<sup>(1)</sup> <br>| 3710 | &nbsp;&nbsp; 3880 |
| &nbsp;&nbsp;&nbsp; Deluxe Corp. 144A <br>8.000%, 6/1/29<sup>(1)</sup> <br>| 5540 | &nbsp;&nbsp; 5527 |
| &nbsp;&nbsp;&nbsp; EquipmentShare.com, Inc. <br> 144A <br>8.000%, 3/15/33<sup>(1)</sup> <br>| 10585 | &nbsp;&nbsp; 11313 |
| Herc Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 5.500%, 7/15/27<sup>(1)</sup> <br>| 2095 | &nbsp;&nbsp; 2090 |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 7.000%, 6/15/30<sup>(1)</sup> <br>| 3280 | &nbsp;&nbsp; 3407 |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 7.250%, 6/15/33<sup>(1)</sup> <br>| 3475 | &nbsp;&nbsp; 3627 |
| &nbsp;&nbsp;&nbsp; Hertz Corp. (The) 144A <br>5.000%, 12/1/29<sup>(1)</sup> <br>| 7755 | &nbsp;&nbsp; 6186 |
| &nbsp;&nbsp;&nbsp; Monitronics International <br> Escrow <br>9.125%, 4/1/49<sup>(3)</sup> <br>| 6450 | &nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; Shift4 Payments LLC 144A <br>6.750%, 8/15/32<sup>(1)</sup> <br>| 11570 | &nbsp;&nbsp; 11962 |
| &nbsp;&nbsp;&nbsp; United Rentals North <br> America, Inc. <br>5.250%, 1/15/30<br>| 17650 | &nbsp;&nbsp; 17738 |
|  |  | &nbsp;&nbsp; 90901 |
| **Computers—0.6%** | **Computers—0.6%** |  |
| &nbsp;&nbsp;&nbsp; CACI International, Inc. <br> 144A <br>6.375%, 6/15/33<sup>(1)</sup> <br>| 4950 | &nbsp;&nbsp; 5106 |
| &nbsp;&nbsp;&nbsp; McAfee Corp. 144A <br>7.375%, 2/15/30<sup>(1)</sup> <br>| 15875 | &nbsp;&nbsp; 14725 |
| &nbsp;&nbsp;&nbsp; Seagate Data Storage <br> Technology Pte Ltd. <br> 144A <br>8.500%, 7/15/31<sup>(1)</sup> <br>| 7495 | &nbsp;&nbsp; 7935 |
|  |  | &nbsp;&nbsp; 27766 |
| **Containers & Packaging—0.5%** | **Containers & Packaging—0.5%** |  |
| &nbsp;&nbsp;&nbsp; Mauser Packaging <br> Solutions Holding Co. <br> 144A <br>7.875%, 4/15/27<sup>(1)</sup> <br>| 15595 | &nbsp;&nbsp; 15748 |

---

See Notes to Schedule of Investments

------

**VIRTUS Income & Growth Fund**

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

**September 30, 2025**

($ reported in thousands)

---

| | | |
|:---|:---|:---|
|  | **Par Value** | **Value** |
| **Containers & Packaging—continued** | **Containers & Packaging—continued** |  |
| &nbsp;&nbsp;&nbsp; Owens-Brockway Glass <br> Container, Inc. 144A <br>7.250%, 5/15/31<sup>(1)</sup> <br>| $9155 | &nbsp;&nbsp; $9319 |
|  |  | &nbsp;&nbsp; 25067 |
| **Diversified REITs—1.0%** | **Diversified REITs—1.0%** |  |
| Iron Mountain, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 7.000%, 2/15/29<sup>(1)</sup> <br>| 11145 | &nbsp;&nbsp; 11485 |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 6.250%, 1/15/33<sup>(1)</sup> <br>| 26190 | &nbsp;&nbsp; 26714 |
| &nbsp;&nbsp;&nbsp; SBA Communications <br> Corp. <br>3.125%, 2/1/29<br>| 11135 | &nbsp;&nbsp; 10415 |
|  |  | &nbsp;&nbsp; 48614 |
| **Electric Utilities—0.5%** | **Electric Utilities—0.5%** |  |
| NRG Energy, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 5.750%, 1/15/34<sup>(1)</sup> <br>| 5960 | &nbsp;&nbsp; 5954 |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 6.000%, 1/15/36<sup>(1)</sup> <br>| 17080 | &nbsp;&nbsp; 17082 |
|  |  | &nbsp;&nbsp; 23036 |
| **Electronic Equipment, Instruments &** <br> **Components—0.3%** | **Electronic Equipment, Instruments &** <br> **Components—0.3%** |  |
| WESCO Distribution, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 7.250%, 6/15/28<sup>(1)</sup> <br>| 6670 | &nbsp;&nbsp; 6757 |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 6.375%, 3/15/33<sup>(1)</sup> <br>| 7525 | &nbsp;&nbsp; 7800 |
|  |  | &nbsp;&nbsp; 14557 |
| **Electronics—0.1%** | **Electronics—0.1%** |  |
| &nbsp;&nbsp;&nbsp; Coherent Corp. 144A <br>5.000%, 12/15/29<sup>(1)</sup> <br>| 6760 | &nbsp;&nbsp; 6667 |
| **Entertainment—1.4%** | **Entertainment—1.4%** |  |
| &nbsp;&nbsp;&nbsp; Caesars Entertainment, Inc. <br> 144A <br>6.000%, 10/15/32<sup>(1)</sup> <br>| 25010 | &nbsp;&nbsp; 24634 |
| &nbsp;&nbsp;&nbsp; Churchill Downs, Inc. 144A <br>5.750%, 4/1/30<sup>(1)</sup> <br>| 10035 | &nbsp;&nbsp; 10026 |
| &nbsp;&nbsp;&nbsp; Light & Wonder <br> International, Inc.<br>|  |  |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 7.500%, 9/1/31<sup>(1)</sup> <br>| 4775 | &nbsp;&nbsp; 4966 |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 6.250%, 10/1/33<sup>(1)</sup> <br>| 8470 | &nbsp;&nbsp; 8484 |
| &nbsp;&nbsp;&nbsp; SeaWorld Parks & <br> Entertainment, Inc. 144A <br>5.250%, 8/15/29<sup>(1)</sup> <br>| 10165 | &nbsp;&nbsp; 9996 |
| &nbsp;&nbsp;&nbsp; Starz Capital Holdings 1, <br> Inc. 144A <br>6.000%, 4/15/30<sup>(1)</sup> <br>| 7195 | &nbsp;&nbsp; 6823 |
|  |  | &nbsp;&nbsp; 64929 |
| **Environmental Services—0.2%** | **Environmental Services—0.2%** |  |
| &nbsp;&nbsp;&nbsp; GFL Environmental, Inc. <br> 144A <br>4.750%, 6/15/29<sup>(1)</sup> <br>| 8100 | &nbsp;&nbsp; 7989 |
| **Financial Services—2.4%** | **Financial Services—2.4%** |  |
| &nbsp;&nbsp;&nbsp; Nationstar Mortgage <br> Holdings, Inc.<br>|  |  |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 5.500%, 8/15/28<sup>(1)</sup> <br>| 12455 | &nbsp;&nbsp; 12455 |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 7.125%, 2/1/32<sup>(1)</sup> <br>| 15585 | &nbsp;&nbsp; 16268 |
| Navient Corp. |  |  |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>6.750%, 6/15/26 | 3325 | &nbsp;&nbsp; 3363 |

---

---

| | | |
|:---|:---|:---|
|  | **Par Value** | **Value** |
| **Financial Services—continued** | **Financial Services—continued** |  |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>7.875%, 6/15/32 | $8900 | &nbsp;&nbsp; $9365 |
| OneMain Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>6.625%, 1/15/28 | 5840 | &nbsp;&nbsp; 5980 |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>7.125%, 11/15/31 | 7435 | &nbsp;&nbsp; 7710 |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>7.125%, 9/15/32 | 18070 | &nbsp;&nbsp; 18667 |
| &nbsp;&nbsp;&nbsp; PennyMac Financial <br> Services, Inc.<br>|  |  |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A <br> 7.875%, 12/15/29<sup>(1)</sup> <br>| 4860 | &nbsp;&nbsp; 5158 |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 6.875%, 2/15/33<sup>(1)</sup> <br>| 13925 | &nbsp;&nbsp; 14386 |
| &nbsp;&nbsp;&nbsp; PRA Group, Inc. 144A <br>8.375%, 2/1/28<sup>(1)</sup> <br>| 5285 | &nbsp;&nbsp; 5406 |
| &nbsp;&nbsp;&nbsp; Rocket Cos., Inc. 144A <br>6.375%, 8/1/33<sup>(1)</sup> <br>| 14590 | &nbsp;&nbsp; 15058 |
|  |  | &nbsp;&nbsp; 113816 |
| **Food & Beverage—1.2%** | **Food & Beverage—1.2%** |  |
| &nbsp;&nbsp;&nbsp; Kraft Heinz Foods Co. <br>5.000%, 7/15/35<br>| 8175 | &nbsp;&nbsp; 8111 |
| &nbsp;&nbsp;&nbsp; Performance Food Group, <br> Inc. 144A <br>6.125%, 9/15/32<sup>(1)</sup> <br>| 14015 | &nbsp;&nbsp; 14356 |
| Post Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 6.375%, 3/1/33<sup>(1)</sup> <br>| 19530 | &nbsp;&nbsp; 19712 |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A <br> 6.250%, 10/15/34<sup>(1)</sup> <br>| 14125 | &nbsp;&nbsp; 14243 |
|  |  | &nbsp;&nbsp; 56422 |
| **Healthcare-Products—0.3%** | **Healthcare-Products—0.3%** |  |
| Medline Borrower LP |  |  |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 6.250%, 4/1/29<sup>(1)</sup> <br>| 5690 | &nbsp;&nbsp; 5835 |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 5.250%, 10/1/29<sup>(1)</sup> <br>| 11095 | &nbsp;&nbsp; 10999 |
|  |  | &nbsp;&nbsp; 16834 |
| **Healthcare-Services—0.7%** | **Healthcare-Services—0.7%** |  |
| &nbsp;&nbsp;&nbsp; DaVita, Inc. 144A <br>6.750%, 7/15/33<sup>(1)</sup> <br>| 13660 | &nbsp;&nbsp; 14086 |
| &nbsp;&nbsp;&nbsp; Tenet Healthcare Corp. <br>6.125%, 10/1/28<br>| 21010 | &nbsp;&nbsp; 21022 |
|  |  | &nbsp;&nbsp; 35108 |
| **Hotel & Resort REITs—0.2%** | **Hotel & Resort REITs—0.2%** |  |
| &nbsp;&nbsp;&nbsp; Park Intermediate <br> Holdings LLC 144A <br>4.875%, 5/15/29<sup>(1)</sup> <br>| 9060 | &nbsp;&nbsp; 8834 |
| **Insurance—0.6%** | **Insurance—0.6%** |  |
| &nbsp;&nbsp;&nbsp; Panther Escrow Issuer LLC <br> 144A <br>7.125%, 6/1/31<sup>(1)</sup> <br>| 25540 | &nbsp;&nbsp; 26565 |
| **Internet—0.7%** | **Internet—0.7%** |  |
| Gen Digital, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 7.125%, 9/30/30<sup>(1)</sup> <br>| 7815 | &nbsp;&nbsp; 8047 |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 6.250%, 4/1/33<sup>(1)</sup> <br>| 9345 | &nbsp;&nbsp; 9540 |
| &nbsp;&nbsp;&nbsp; Snap, Inc. 144A <br>6.875%, 3/1/33<sup>(1)</sup> <br>| 13430 | &nbsp;&nbsp; 13727 |
|  |  | &nbsp;&nbsp; 31314 |

---

---

| | | |
|:---|:---|:---|
|  | **Par Value** | **Value** |
| **Iron & Steel—0.6%** | **Iron & Steel—0.6%** |  |
| Cleveland-Cliffs, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 7.000%, 3/15/32<sup>(1)</sup> <br>| $22980 | &nbsp;&nbsp; $23209 |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 7.625%, 1/15/34<sup>(1)</sup> <br>| 3675 | &nbsp;&nbsp; 3787 |
|  |  | &nbsp;&nbsp; 26996 |
| **Leisure Time—1.0%** | **Leisure Time—1.0%** |  |
| &nbsp;&nbsp;&nbsp; Amer Sports Co. 144A <br>6.750%, 2/16/31<sup>(1)</sup> <br>| 4000 | &nbsp;&nbsp; 4166 |
| Carnival Corp. |  |  |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 5.750%, 8/1/32<sup>(1)</sup> <br>| 18600 | &nbsp;&nbsp; 18929 |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 6.125%, 2/15/33<sup>(1)</sup> <br>| 7570 | &nbsp;&nbsp; 7759 |
| &nbsp;&nbsp;&nbsp; NCL Corp., Ltd. 144A <br>6.750%, 2/1/32<sup>(1)</sup> <br>| 18475 | &nbsp;&nbsp; 19000 |
|  |  | &nbsp;&nbsp; 49854 |
| **Lodging—0.5%** | **Lodging—0.5%** |  |
| &nbsp;&nbsp;&nbsp; Hilton Grand Vacations <br> Borrower LLC 144A <br>5.000%, 6/1/29<sup>(1)</sup> <br>| 3300 | &nbsp;&nbsp; 3173 |
| &nbsp;&nbsp;&nbsp; MGM Resorts International <br>4.750%, 10/15/28<br>| 7595 | &nbsp;&nbsp; 7536 |
| &nbsp;&nbsp;&nbsp; Station Casinos LLC 144A <br>6.625%, 3/15/32<sup>(1)</sup> <br>| 10850 | &nbsp;&nbsp; 11146 |
|  |  | &nbsp;&nbsp; 21855 |
| **Machinery-Diversified—0.2%** | **Machinery-Diversified—0.2%** |  |
| &nbsp;&nbsp;&nbsp; Chart Industries, Inc. 144A <br>7.500%, 1/1/30<sup>(1)</sup> <br>| 7100 | &nbsp;&nbsp; 7389 |
| **Media—3.2%** | **Media—3.2%** |  |
| CCO Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>4.500%, 5/1/32 | 8040 | &nbsp;&nbsp; 7317 |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 5.375%, 6/1/29<sup>(1)</sup> <br>| 14405 | &nbsp;&nbsp; 14309 |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 6.375%, 9/1/29<sup>(1)</sup> <br>| 13135 | &nbsp;&nbsp; 13315 |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 7.375%, 3/1/31<sup>(1)</sup> <br>| 5750 | &nbsp;&nbsp; 5933 |
| CSC Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 7.500%, 4/1/28<sup>(1)</sup> <br>| 14490 | &nbsp;&nbsp; 10493 |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 5.750%, 1/15/30<sup>(1)</sup> <br>| 3000 | &nbsp;&nbsp; 1142 |
| &nbsp;&nbsp;&nbsp; DIRECTV Financing LLC <br> 144A <br>8.875%, 2/1/30<sup>(1)</sup> <br>| 14515 | &nbsp;&nbsp; 14337 |
| Gray Media, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A <br> 5.375%, 11/15/31<sup>(1)</sup> <br>| 14095 | &nbsp;&nbsp; 10587 |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 9.625%, 7/15/32<sup>(1)</sup> <br>| 6000 | &nbsp;&nbsp; 6130 |
| Nexstar Media, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 5.625%, 7/15/27<sup>(1)</sup> <br>| 14250 | &nbsp;&nbsp; 14229 |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 4.750%, 11/1/28<sup>(1)</sup> <br>| 5800 | &nbsp;&nbsp; 5661 |
| &nbsp;&nbsp;&nbsp; Scripps Escrow II, Inc. <br> 144A <br>5.375%, 1/15/31<sup>(1)</sup> <br>| 13495 | &nbsp;&nbsp; 9443 |
| Sirius XM Radio LLC |  |  |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 5.500%, 7/1/29<sup>(1)</sup> <br>| 8845 | &nbsp;&nbsp; 8847 |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 4.125%, 7/1/30<sup>(1)</sup> <br>| 11990 | &nbsp;&nbsp; 11246 |
| &nbsp;&nbsp;&nbsp; TEGNA, Inc. <br>5.000%, 9/15/29<br>| 4440 | &nbsp;&nbsp; 4417 |
| &nbsp;&nbsp;&nbsp; Virgin Media Finance plc <br> 144A <br>5.000%, 7/15/30<sup>(1)</sup> <br>| 7505 | &nbsp;&nbsp; 6971 |

---

See Notes to Schedule of Investments

------

**VIRTUS Income & Growth Fund**

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

**September 30, 2025**

($ reported in thousands)

---

| | | |
|:---|:---|:---|
|  | **Par Value** | **Value** |
| **Media—continued** | **Media—continued** |  |
| &nbsp;&nbsp;&nbsp; Virgin Media Secured <br> Finance plc 144A <br>4.500%, 8/15/30<sup>(1)</sup> <br>| $9225 | &nbsp;&nbsp; $8698 |
|  |  | &nbsp;&nbsp; 153075 |
| **Mining—0.4%** | **Mining—0.4%** |  |
| &nbsp;&nbsp;&nbsp; Arsenal AIC Parent LLC <br> 144A <br>8.000%, 10/1/30<sup>(1)</sup> <br>| 8340 | &nbsp;&nbsp; 8831 |
| &nbsp;&nbsp;&nbsp; Fortescue Treasury Pty Ltd. <br> 144A <br>4.375%, 4/1/31<sup>(1)</sup> <br>| 4130 | &nbsp;&nbsp; 3943 |
| &nbsp;&nbsp;&nbsp; Hudbay Minerals, Inc. <br> 144A <br>6.125%, 4/1/29<sup>(1)</sup> <br>| 4675 | &nbsp;&nbsp; 4713 |
|  |  | &nbsp;&nbsp; 17487 |
| **Miscellaneous Manufacturing—0.3%** | **Miscellaneous Manufacturing—0.3%** |  |
| Axon Enterprise, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 6.125%, 3/15/30<sup>(1)</sup> <br>| 6070 | &nbsp;&nbsp; 6234 |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 6.250%, 3/15/33<sup>(1)</sup> <br>| 7270 | &nbsp;&nbsp; 7483 |
|  |  | &nbsp;&nbsp; 13717 |
| **Oil, Gas & Consumable Fuels—2.2%** | **Oil, Gas & Consumable Fuels—2.2%** |  |
| &nbsp;&nbsp;&nbsp; CITGO Petroleum Corp. <br> 144A <br>8.375%, 1/15/29<sup>(1)</sup> <br>| 11980 | &nbsp;&nbsp; 12449 |
| &nbsp;&nbsp;&nbsp; Civitas Resources, Inc. <br> 144A <br>8.750%, 7/1/31<sup>(1)</sup> <br>| 11705 | &nbsp;&nbsp; 11992 |
| &nbsp;&nbsp;&nbsp; CNX Resources Corp. 144A <br>7.375%, 1/15/31<sup>(1)</sup> <br>| 5510 | &nbsp;&nbsp; 5681 |
| &nbsp;&nbsp;&nbsp; Cobalt International <br> Energy, Inc. <br>7.750%, 12/1/24<sup>(3)(4)</sup> <br>| 9216 | &nbsp;&nbsp; — <br><sup>(5)</sup><br>|
| &nbsp;&nbsp;&nbsp; Mesquite Energy, Inc. <br>0.000%, 1/15/24<br>| 6240 | &nbsp;&nbsp; 1 |
| &nbsp;&nbsp;&nbsp; Northern Oil & Gas, Inc. <br> 144A <br>8.750%, 6/15/31<sup>(1)</sup> <br>| 6370 | &nbsp;&nbsp; 6581 |
| &nbsp;&nbsp;&nbsp; Occidental Petroleum Corp. <br>8.875%, 7/15/30<br>| 6600 | &nbsp;&nbsp; 7625 |
| SM Energy Co. |  |  |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 6.750%, 8/1/29<sup>(1)</sup> <br>| 6495 | &nbsp;&nbsp; 6526 |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 7.000%, 8/1/32<sup>(1)</sup> <br>| 7435 | &nbsp;&nbsp; 7441 |
| &nbsp;&nbsp;&nbsp; Sunoco LP 144A <br>6.250%, 7/1/33<sup>(1)</sup> <br>| 13745 | &nbsp;&nbsp; 13990 |
| &nbsp;&nbsp;&nbsp; Transocean International <br> Ltd. 144A <br>8.500%, 5/15/31<sup>(1)</sup> <br>| 15705 | &nbsp;&nbsp; 15391 |
| &nbsp;&nbsp;&nbsp; USA Compression <br> Partners LP 144A <br>7.125%, 3/15/29<sup>(1)</sup> <br>| 6325 | &nbsp;&nbsp; 6523 |
| &nbsp;&nbsp;&nbsp; Weatherford International <br> Ltd. 144A <br>8.625%, 4/30/30<sup>(1)</sup> <br>| 8565 | &nbsp;&nbsp; 8756 |
|  |  | &nbsp;&nbsp; 102956 |

---

---

| | | |
|:---|:---|:---|
|  | **Par Value** | **Value** |
| **Passenger Airlines—0.3%** | **Passenger Airlines—0.3%** |  |
| &nbsp;&nbsp;&nbsp; American Airlines, Inc. <br> 144A <br>5.750%, 4/20/29<sup>(1)</sup> <br>| $14125 | &nbsp;&nbsp; $14179 |
| **Pharmaceuticals—0.7%** | **Pharmaceuticals—0.7%** |  |
| &nbsp;&nbsp;&nbsp; Bausch Health Americas, <br> Inc. 144A <br>8.500%, 1/31/27<sup>(1)</sup> <br>| 12710 | &nbsp;&nbsp; 12583 |
| &nbsp;&nbsp;&nbsp; Jazz Securities DAC 144A <br>4.375%, 1/15/29<sup>(1)</sup> <br>| 8825 | &nbsp;&nbsp; 8598 |
| &nbsp;&nbsp;&nbsp; Organon & Co. 144A <br>5.125%, 4/30/31<sup>(1)</sup> <br>| 16745 | &nbsp;&nbsp; 14669 |
|  |  | &nbsp;&nbsp; 35850 |
| **Pipelines—0.5%** | **Pipelines—0.5%** |  |
| &nbsp;&nbsp;&nbsp; NGL Energy Operating LLC <br> 144A <br>8.375%, 2/15/32<sup>(1)</sup> <br>| 8265 | &nbsp;&nbsp; 8469 |
| &nbsp;&nbsp;&nbsp; Venture Global LNG, Inc. <br> 144A <br>7.000%, 1/15/30<sup>(1)</sup> <br>| 14810 | &nbsp;&nbsp; 15325 |
|  |  | &nbsp;&nbsp; 23794 |
| **Real Estate—0.2%** | **Real Estate—0.2%** |  |
| &nbsp;&nbsp;&nbsp; Kennedy-Wilson, Inc. <br>5.000%, 3/1/31<br>| 12550 | &nbsp;&nbsp; 11674 |
| **Retail—1.1%** | **Retail—1.1%** |  |
| Advance Auto Parts, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 7.000%, 8/1/30<sup>(1)</sup> <br>| 4735 | &nbsp;&nbsp; 4872 |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 7.375%, 8/1/33<sup>(1)</sup> <br>| 11920 | &nbsp;&nbsp; 12292 |
| Bath & Body Works, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>6.875%, 11/1/35 | 1635 | &nbsp;&nbsp; 1700 |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 6.625%, 10/1/30<sup>(1)</sup> <br>| 9455 | &nbsp;&nbsp; 9666 |
| &nbsp;&nbsp;&nbsp; Mariposa Borrower, Inc. <br> Escrow <br>8.000%, 10/15/23<sup>(3)(4)</sup> <br>| 6810 | &nbsp;&nbsp; 695 |
| &nbsp;&nbsp;&nbsp; New Red Finance, Inc. <br> 144A <br>6.125%, 6/15/29<sup>(1)</sup> <br>| 17865 | &nbsp;&nbsp; 18267 |
| &nbsp;&nbsp;&nbsp; Yum! Brands, Inc. <br>4.625%, 1/31/32<br>| 5310 | &nbsp;&nbsp; 5159 |
|  |  | &nbsp;&nbsp; 52651 |
| **Semiconductors—0.1%** | **Semiconductors—0.1%** |  |
| &nbsp;&nbsp;&nbsp; Amkor Technology, Inc. <br> 144A <br>6.625%, 9/15/27<sup>(1)</sup> <br>| 2270 | &nbsp;&nbsp; 2271 |
| &nbsp;&nbsp;&nbsp; Wolfspeed, Inc. (7.000% <br> Cash or 12.000% PIK) <br>7.000%, 6/15/31<sup>(4)(6)</sup> <br>| 2205 | &nbsp;&nbsp; 1951 |
|  |  | &nbsp;&nbsp; 4222 |
| **Software—0.9%** | **Software—0.9%** |  |
| Cloud Software Group, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 6.500%, 3/31/29<sup>(1)</sup> <br>| 19800 | &nbsp;&nbsp; 19979 |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 6.625%, 8/15/33<sup>(1)</sup> <br>| 9090 | &nbsp;&nbsp; 9253 |
| &nbsp;&nbsp;&nbsp; UKG, Inc. 144A <br>6.875%, 2/1/31<sup>(1)</sup> <br>| 15410 | &nbsp;&nbsp; 15901 |
|  |  | &nbsp;&nbsp; 45133 |

---

---

| | | |
|:---|:---|:---|
|  | **Par Value** | **Value** |
| **Telecommunications—1.3%** | **Telecommunications—1.3%** |  |
| &nbsp;&nbsp;&nbsp; Frontier Communications <br> Holdings LLC<br>|  |  |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 5.000%, 5/1/28<sup>(1)</sup> <br>| $10165 | &nbsp;&nbsp; $10142 |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 8.750%, 5/15/30<sup>(1)</sup> <br>| 3920 | &nbsp;&nbsp; 4095 |
| Lumen Technologies, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 5.375%, 6/15/29<sup>(1)</sup> <br>| 23075 | &nbsp;&nbsp; 21146 |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A <br> 10.000%, 10/15/32<sup>(1)</sup> <br>| 8285 | &nbsp;&nbsp; 8381 |
| &nbsp;&nbsp;&nbsp; Sprint LLC <br>7.625%, 3/1/26<br>| 7435 | &nbsp;&nbsp; 7452 |
| &nbsp;&nbsp;&nbsp; Vmed O2 UK Financing I <br> plc 144A <br>7.750%, 4/15/32<sup>(1)</sup> <br>| 12080 | &nbsp;&nbsp; 12692 |
|  |  | &nbsp;&nbsp; 63908 |
| **Transportation—0.8%** | **Transportation—0.8%** |  |
| FTAI Aviation Investors LLC |  |  |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 7.000%, 6/15/32<sup>(1)</sup> <br>| 18530 | &nbsp;&nbsp; 19392 |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 5.875%, 4/15/33<sup>(1)</sup> <br>| 10680 | &nbsp;&nbsp; 10747 |
| XPO, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 7.125%, 6/1/31<sup>(1)</sup> <br>| 5950 | &nbsp;&nbsp; 6226 |
| &nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>144A 7.125%, 2/1/32<sup>(1)</sup> <br>| 2015 | &nbsp;&nbsp; 2116 |
|  |  | &nbsp;&nbsp; 38481 |
| **Total Corporate Bonds and Notes** <br>**(Identified Cost $1,553,227)** | **Total Corporate Bonds and Notes** <br>**(Identified Cost $1,553,227)** | &nbsp;&nbsp; **1512438** |

---

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

---

| | | |
|:---|:---|:---|
|  | **Shares** |  |
| **Convertible Preferred Stocks—4.6%** | **Convertible Preferred Stocks—4.6%** | **Convertible Preferred Stocks—4.6%** |
| **Aerospace & Defense—0.4%** | **Aerospace & Defense—0.4%** |  |
| Boeing Co. (The), 6.000% | 318835 | &nbsp;&nbsp; 22181 |
| **Banks—1.5%** | **Banks—1.5%** |  |
| &nbsp;&nbsp;&nbsp; Bank of America Corp. <br> Series L, 7.250%<br>| 22050 | &nbsp;&nbsp; 28224 |
| &nbsp;&nbsp;&nbsp; Wells Fargo & Co. Series L, <br> 7.500%<br>| 35545 | &nbsp;&nbsp; 43873 |
|  |  | &nbsp;&nbsp; 72097 |
| **Capital Markets—0.6%** | **Capital Markets—0.6%** |  |
| &nbsp;&nbsp;&nbsp; Ares Management Corp. <br> Series B, 6.750%<br>| 261605 | &nbsp;&nbsp; 12999 |
| &nbsp;&nbsp;&nbsp; KKR & Co., Inc. Series D, <br> 6.250%<br>| 304810 | &nbsp;&nbsp; 15957 |
|  |  | &nbsp;&nbsp; 28956 |
| **Electric Utilities—1.0%** | **Electric Utilities—1.0%** |  |
| &nbsp;&nbsp;&nbsp; NextEra Energy, Inc., <br> 7.299%<br>| 581645 | &nbsp;&nbsp; 29006 |
| &nbsp;&nbsp;&nbsp; PG&E Corp. Series A, <br> 6.000%<br>| 433540 | &nbsp;&nbsp; 17073 |
|  |  | &nbsp;&nbsp; 46079 |
| **Financial Services—0.1%** | **Financial Services—0.1%** |  |
| &nbsp;&nbsp;&nbsp; Shift4 Payments, Inc., <br> 6.000%<br>| 53645 | &nbsp;&nbsp; 5089 |

---

See Notes to Schedule of Investments

------

**VIRTUS Income & Growth Fund**

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

**September 30, 2025**

($ reported in thousands)

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Healthcare Providers &** <br> **Services—0.3%** | **Healthcare Providers &** <br> **Services—0.3%** |  |
| &nbsp;&nbsp;&nbsp; BrightSpring Health <br> Services, Inc., 6.750%<br>| 137645 | &nbsp;&nbsp; $13915 |
| **Semiconductors & Semiconductor** <br> **Equipment—0.3%** | **Semiconductors & Semiconductor** <br> **Equipment—0.3%** |  |
| &nbsp;&nbsp;&nbsp; Microchip Technology, Inc., <br> 7.500%<br>| 252370 | &nbsp;&nbsp; 14897 |
| **Software—0.1%** | **Software—0.1%** |  |
| Strategy, Inc., 8.000% | 42025 | &nbsp;&nbsp; 3854 |
| **Technology Hardware, Storage &** <br> **Peripherals—0.3%** | **Technology Hardware, Storage &** <br> **Peripherals—0.3%** |  |
| &nbsp;&nbsp;&nbsp; Hewlett Packard Enterprise <br> Co., 7.625%<br>| 212040 | &nbsp;&nbsp; 14398 |
| **Total Convertible Preferred** <br> **Stocks** <br>**(Identified Cost $219,361)** | **Total Convertible Preferred** <br> **Stocks** <br>**(Identified Cost $219,361)** | &nbsp;&nbsp; **221466** |
| **Preferred Stock—0.0%** | **Preferred Stock—0.0%** | **Preferred Stock—0.0%** |
| **Entertainment—0.0%** | **Entertainment—0.0%** |  |
| &nbsp;&nbsp;&nbsp; LiveStyle, Inc. Series <br> B<sup>(3)(7)(8)</sup> <br>| 9389 | &nbsp;&nbsp; 6 |
| **Total Preferred Stock** <br>**(Identified Cost $920)** | **Total Preferred Stock** <br>**(Identified Cost $920)** | &nbsp;&nbsp; **6** |
| **Common Stocks—32.6%** | **Common Stocks—32.6%** | **Common Stocks—32.6%** |
| **Aerospace & Defense—0.8%** | **Aerospace & Defense—0.8%** |  |
| Axon Enterprise, Inc.<sup>(7)</sup> <br>| 9824 | &nbsp;&nbsp; 7050 |
| GE Aerospace | 60800 | &nbsp;&nbsp; 18290 |
| RTX Corp. | 77530 | &nbsp;&nbsp; 12973 |
|  |  | &nbsp;&nbsp; 38313 |
| **Automobiles—1.0%** | **Automobiles—1.0%** |  |
| Tesla, Inc.<sup>(7)(9)</sup> <br>| 107498 | &nbsp;&nbsp; 47807 |
| **Banks—1.3%** | **Banks—1.3%** |  |
| CCF Holdings LLC<sup>(3)(7)</sup> <br>| 7416755 | &nbsp;&nbsp; 445 |
| &nbsp;&nbsp;&nbsp; CCF Holdings LLC <br> Class M<sup>(3)(7)</sup> <br>| 1759917 | &nbsp;&nbsp; 123 |
| Citigroup, Inc. | 233855 | &nbsp;&nbsp; 23736 |
| JPMorgan Chase & Co. | 71430 | &nbsp;&nbsp; 22531 |
| Wells Fargo & Co. | 178655 | &nbsp;&nbsp; 14975 |
|  |  | &nbsp;&nbsp; 61810 |
| **Beverages—0.2%** | **Beverages—0.2%** |  |
| Coca-Cola Co. (The) | 114435 | &nbsp;&nbsp; 7589 |
| **Biotechnology—0.5%** | **Biotechnology—0.5%** |  |
| AbbVie, Inc. | 33632 | &nbsp;&nbsp; 7787 |
| &nbsp;&nbsp;&nbsp; Clovis Liquidation Trust <br> Units<sup>(3)(7)</sup> <br>| 4474067 | &nbsp;&nbsp; 67 |
| Gilead Sciences, Inc. | 105640 | &nbsp;&nbsp; 11726 |
| &nbsp;&nbsp;&nbsp; Regeneron <br> Pharmaceuticals, Inc.<br>| 7325 | &nbsp;&nbsp; 4119 |
|  |  | &nbsp;&nbsp; 23699 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Broadline Retail—1.6%** | **Broadline Retail—1.6%** |  |
| Amazon.com, Inc.<sup>(7)(9)</sup> <br>| 347715 | &nbsp;&nbsp; $76348 |
| **Capital Markets—1.1%** | **Capital Markets—1.1%** |  |
| Blackstone, Inc. | 26215 | &nbsp;&nbsp; 4479 |
| &nbsp;&nbsp;&nbsp; Charles Schwab Corp. <br> (The)<br>| 86705 | &nbsp;&nbsp; 8278 |
| &nbsp;&nbsp;&nbsp; Intercontinental Exchange, <br> Inc.<br>| 73110 | &nbsp;&nbsp; 12318 |
| Moody's Corp. | 28665 | &nbsp;&nbsp; 13658 |
| Morgan Stanley | 75770 | &nbsp;&nbsp; 12044 |
|  |  | &nbsp;&nbsp; 50777 |
| **Chemicals—0.4%** | **Chemicals—0.4%** |  |
| DuPont de Nemours, Inc. | 69403 | &nbsp;&nbsp; 5406 |
| Ecolab, Inc. | 29265 | &nbsp;&nbsp; 8015 |
| Linde plc | 15565 | &nbsp;&nbsp; 7393 |
|  |  | &nbsp;&nbsp; 20814 |
| **Commercial Services &** <br> **Supplies—0.5%** | **Commercial Services &** <br> **Supplies—0.5%** |  |
| Cintas Corp. | 39690 | &nbsp;&nbsp; 8147 |
| Waste Management, Inc. | 70250 | &nbsp;&nbsp; 15513 |
|  |  | &nbsp;&nbsp; 23660 |
| **Communications Equipment—0.9%** | **Communications Equipment—0.9%** |  |
| Cisco Systems, Inc. | 294495 | &nbsp;&nbsp; 20149 |
| Motorola Solutions, Inc. | 51035 | &nbsp;&nbsp; 23338 |
|  |  | &nbsp;&nbsp; 43487 |
| **Consumer Finance—0.3%** | **Consumer Finance—0.3%** |  |
| &nbsp;&nbsp;&nbsp; Capital One Financial <br> Corp.<sup>(9)</sup> <br>| 69636 | &nbsp;&nbsp; 14803 |
| Erickson, Inc.<sup>(3)(7)</sup> <br>| 10866 | &nbsp;&nbsp; — |
|  |  | &nbsp;&nbsp; 14803 |
| **Consumer Staples Distribution &** <br> **Retail—0.8%** | **Consumer Staples Distribution &** <br> **Retail—0.8%** |  |
| Dollar Tree, Inc.<sup>(7)</sup> <br>| 80185 | &nbsp;&nbsp; 7567 |
| Walmart, Inc.<sup>(9)</sup> <br>| 282025 | &nbsp;&nbsp; 29066 |
|  |  | &nbsp;&nbsp; 36633 |
| **Diversified Telecommunication** <br> **Services—0.2%** | **Diversified Telecommunication** <br> **Services—0.2%** |  |
| AT&T, Inc. | 272415 | &nbsp;&nbsp; 7693 |
| **Electric Utilities—0.3%** | **Electric Utilities—0.3%** |  |
| Constellation Energy Corp. | 46495 | &nbsp;&nbsp; 15300 |
| **Electrical Equipment—0.7%** | **Electrical Equipment—0.7%** |  |
| Eaton Corp. plc | 43840 | &nbsp;&nbsp; 16407 |
| Generac Holdings, Inc.<sup>(7)</sup> <br>| 49720 | &nbsp;&nbsp; 8323 |
| Plug Power, Inc.<sup>(7)</sup> <br>| 437288 | &nbsp;&nbsp; 1019 |
| Rockwell Automation, Inc. | 27270 | &nbsp;&nbsp; 9532 |
|  |  | &nbsp;&nbsp; 35281 |
| **Entertainment—0.6%** | **Entertainment—0.6%** |  |
| LiveStyle, Inc. <sup>(3)(7)(8)</sup> <br>| 202319 | &nbsp;&nbsp; — |
| Netflix, Inc.<sup>(7)</sup> <br>| 14145 | &nbsp;&nbsp; 16959 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Entertainment—continued** | **Entertainment—continued** |  |
| &nbsp;&nbsp;&nbsp; Take-Two Interactive <br> Software, Inc.<sup>(7)</sup> <br>| 49688 | &nbsp;&nbsp; $12837 |
|  |  | &nbsp;&nbsp; 29796 |
| **Financial Services—0.7%** | **Financial Services—0.7%** |  |
| Mastercard, Inc. Class A<sup>(9)</sup> <br>| 62370 | &nbsp;&nbsp; 35477 |
| **Healthcare Equipment &** <br> **Supplies—0.6%** | **Healthcare Equipment &** <br> **Supplies—0.6%** |  |
| Boston Scientific Corp.<sup>(7)</sup> <br>| 141160 | &nbsp;&nbsp; 13781 |
| Intuitive Surgical, Inc.<sup>(7)</sup> <br>| 27415 | &nbsp;&nbsp; 12261 |
|  |  | &nbsp;&nbsp; 26042 |
| **Healthcare Providers &** <br> **Services—0.7%** | **Healthcare Providers &** <br> **Services—0.7%** |  |
| Cardinal Health, Inc. | 49100 | &nbsp;&nbsp; 7707 |
| McKesson Corp. | 23795 | &nbsp;&nbsp; 18382 |
| UnitedHealth Group, Inc. | 26690 | &nbsp;&nbsp; 9216 |
|  |  | &nbsp;&nbsp; 35305 |
| **Hotels, Restaurants & Leisure—0.3%** | **Hotels, Restaurants & Leisure—0.3%** |  |
| Carnival Corp.<sup>(7)</sup> <br>| 151085 | &nbsp;&nbsp; 4368 |
| &nbsp;&nbsp;&nbsp; Chipotle Mexican Grill, Inc. <br> Class A<sup>(7)</sup> <br>| 187285 | &nbsp;&nbsp; 7340 |
|  |  | &nbsp;&nbsp; 11708 |
| **Industrial Conglomerates—0.2%** | **Industrial Conglomerates—0.2%** |  |
| 3M Co. | 63310 | &nbsp;&nbsp; 9824 |
| **Insurance—0.4%** | **Insurance—0.4%** |  |
| Allstate Corp. (The) | 40795 | &nbsp;&nbsp; 8756 |
| Aon plc Class A | 33930 | &nbsp;&nbsp; 12099 |
|  |  | &nbsp;&nbsp; 20855 |
| **Interactive Media & Services—3.0%** | **Interactive Media & Services—3.0%** |  |
| Alphabet, Inc. Class A | 235270 | &nbsp;&nbsp; 57194 |
| Alphabet, Inc. Class C | 81715 | &nbsp;&nbsp; 19902 |
| &nbsp;&nbsp;&nbsp; Meta Platforms, Inc. <br> Class A<sup>(9)</sup> <br>| 92855 | &nbsp;&nbsp; 68191 |
|  |  | &nbsp;&nbsp; 145287 |
| **IT Services—0.1%** | **IT Services—0.1%** |  |
| EPAM Systems, Inc.<sup>(7)</sup> <br>| 20020 | &nbsp;&nbsp; 3019 |
| &nbsp;&nbsp;&nbsp; GTT Communications, <br> Inc.<sup>(7)</sup> <br>| 8647 | &nbsp;&nbsp; 157 |
|  |  | &nbsp;&nbsp; 3176 |
| **Life Sciences Tools & Services—0.2%** | **Life Sciences Tools & Services—0.2%** |  |
| Avantor, Inc.<sup>(7)</sup> <br>| 280592 | &nbsp;&nbsp; 3502 |
| Danaher Corp. | 22220 | &nbsp;&nbsp; 4405 |
|  |  | &nbsp;&nbsp; 7907 |
| **Machinery—1.1%** | **Machinery—1.1%** |  |
| Caterpillar, Inc.<sup>(9)</sup> <br>| 56240 | &nbsp;&nbsp; 26835 |
| Parker-Hannifin Corp.<sup>(9)</sup> <br>| 15125 | &nbsp;&nbsp; 11467 |
| &nbsp;&nbsp;&nbsp; Stanley Black & Decker, <br> Inc.<br>| 82623 | &nbsp;&nbsp; 6142 |

---

See Notes to Schedule of Investments

------

**VIRTUS Income & Growth Fund**

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

**September 30, 2025**

($ reported in thousands)

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Machinery—continued** | **Machinery—continued** |  |
| Xylem, Inc. | 56490 | &nbsp;&nbsp; $8332 |
|  |  | &nbsp;&nbsp; 52776 |
| **Media—0.0%** | **Media—0.0%** |  |
| &nbsp;&nbsp;&nbsp; Postmedia Network Canada <br> Corp.<sup>(3)(7)</sup> <br>| 1018823 | &nbsp;&nbsp; 887 |
| **Metals & Mining—0.2%** | **Metals & Mining—0.2%** |  |
| Freeport-McMoRan, Inc. | 210700 | &nbsp;&nbsp; 8264 |
| **Oil, Gas & Consumable Fuels—0.1%** | **Oil, Gas & Consumable Fuels—0.1%** |  |
| Devon Energy Corp. | 148335 | &nbsp;&nbsp; 5201 |
| **Pharmaceuticals—0.2%** | **Pharmaceuticals—0.2%** |  |
| Eli Lilly & Co. | 15080 | &nbsp;&nbsp; 11506 |
| **Professional Services—0.0%** | **Professional Services—0.0%** |  |
| Clarivate plc<sup>(7)</sup> <br>| 540468 | &nbsp;&nbsp; 2070 |
| **Real Estate Management &** <br> **Development—0.5%** | **Real Estate Management &** <br> **Development—0.5%** |  |
| CBRE Group, Inc. Class A<sup>(7)</sup> <br>| 79300 | &nbsp;&nbsp; 12495 |
| CoStar Group, Inc.<sup>(7)</sup> <br>| 130490 | &nbsp;&nbsp; 11009 |
|  |  | &nbsp;&nbsp; 23504 |
| **Semiconductors & Semiconductor** <br> **Equipment—4.6%** | **Semiconductors & Semiconductor** <br> **Equipment—4.6%** |  |
| Analog Devices, Inc.<sup>(9)</sup> <br>| 66380 | &nbsp;&nbsp; 16310 |
| Broadcom, Inc.<sup>(9)</sup> <br>| 135420 | &nbsp;&nbsp; 44676 |
| Micron Technology, Inc. | 62035 | &nbsp;&nbsp; 10380 |
| NVIDIA Corp.<sup>(9)</sup> <br>| 758722 | &nbsp;&nbsp; 141562 |
| Wolfspeed, Inc.<sup>(7)</sup> <br>| 182517 | &nbsp;&nbsp; 5220 |
|  |  | &nbsp;&nbsp; 218148 |
| **Software—4.6%** | **Software—4.6%** |  |
| Atlassian Corp. Class A<sup>(7)</sup> <br>| 37440 | &nbsp;&nbsp; 5979 |
| &nbsp;&nbsp;&nbsp; Cadence Design Systems, <br> Inc.<sup>(7)</sup> <br>| 46365 | &nbsp;&nbsp; 16286 |
| &nbsp;&nbsp;&nbsp; Crowdstrike Holdings, Inc. <br> Class A<sup>(7)</sup> <br>| 8440 | &nbsp;&nbsp; 4139 |
| Intuit, Inc. | 13555 | &nbsp;&nbsp; 9257 |
| Microsoft Corp.<sup>(9)</sup> <br>| 274946 | &nbsp;&nbsp; 142408 |
| Oracle Corp. | 83964 | &nbsp;&nbsp; 23614 |
| &nbsp;&nbsp;&nbsp; Palantir Technologies, Inc. <br> Class A<sup>(7)</sup> <br>| 49090 | &nbsp;&nbsp; 8955 |
| ServiceNow, Inc.<sup>(7)</sup> <br>| 9135 | &nbsp;&nbsp; 8407 |
| Workday, Inc. Class A<sup>(7)</sup> <br>| 4974 | &nbsp;&nbsp; 1197 |
|  |  | &nbsp;&nbsp; 220242 |
| **Specialized REITs—0.2%** | **Specialized REITs—0.2%** |  |
| Equinix, Inc. | 9680 | &nbsp;&nbsp; 7582 |
| **Specialty Retail—1.4%** | **Specialty Retail—1.4%** |  |
| Chewy, Inc. Class A<sup>(7)</sup> <br>| 205737 | &nbsp;&nbsp; 8322 |
| Home Depot, Inc. (The) | 59340 | &nbsp;&nbsp; 24044 |
| O'Reilly Automotive, Inc.<sup>(7)</sup> <br>| 160875 | &nbsp;&nbsp; 17344 |
| TJX Cos., Inc. (The) | 119670 | &nbsp;&nbsp; 17297 |
|  |  | &nbsp;&nbsp; 67007 |
| **Technology Hardware, Storage &** <br> **Peripherals—2.1%** | **Technology Hardware, Storage &** <br> **Peripherals—2.1%** |  |
| Apple, Inc. | 396350 | &nbsp;&nbsp; 100923 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Textiles, Apparel & Luxury** <br> **Goods—0.2%** | **Textiles, Apparel & Luxury** <br> **Goods—0.2%** |  |
| NIKE, Inc. Class B | 102185 | &nbsp;&nbsp; $7125 |
| **Total Common Stocks** <br>**(Identified Cost $1,493,246)** | **Total Common Stocks** <br>**(Identified Cost $1,493,246)** | &nbsp;&nbsp; **1554626** |
| **Warrants—0.0%** | **Warrants—0.0%** | **Warrants—0.0%** |
| **Banks—0.0%** | **Banks—0.0%** |  |
| &nbsp;&nbsp;&nbsp; CCF Holdings LLC, <br> 3/25/26<sup>(3)(7)</sup> <br>| 2911361 | &nbsp;&nbsp; 29 |
| **IT Services—0.0%** | **IT Services—0.0%** |  |
| &nbsp;&nbsp;&nbsp; GTT Communications, Inc., <br> 12/31/99<sup>(3)(7)</sup> <br>| 27745 | &nbsp;&nbsp; — |
| **Total Warrants** <br>**(Identified Cost $—)**<sup>(5)</sup>  | **Total Warrants** <br>**(Identified Cost $—)**<sup>(5)</sup>  | &nbsp;&nbsp; **29** |
| **Equity-Linked Notes—5.6%** | **Equity-Linked Notes—5.6%** | **Equity-Linked Notes—5.6%** |
| **Banks—2.3%** | **Banks—2.3%** |  |
| &nbsp;&nbsp;&nbsp; Barclays Bank plc (Cadence <br> Design Systems, Inc.) <br>1.250%, 5/26/28<sup>(3)</sup> <br>| 16205000 | &nbsp;&nbsp; 18291 |
| &nbsp;&nbsp;&nbsp; Barclays Bank plc <br> (Microsoft Corp.) <br>1.000%, 2/16/29<br>| 25475000 | &nbsp;&nbsp; 28802 |
| &nbsp;&nbsp;&nbsp; BofA Finance LLC <br> (Amazon.com, Inc.) <br>1.000%, 3/25/27<sup>(3)</sup> <br>| 9395000 | &nbsp;&nbsp; 11082 |
| &nbsp;&nbsp;&nbsp; BofA Finance LLC <br> (Atlassian Corp.) <br>1.000%, 3/23/28<sup>(3)</sup> <br>| 14205000 | &nbsp;&nbsp; 13873 |
| &nbsp;&nbsp;&nbsp; BofA Finance LLC (Stryker <br> Corp.) <br>1.000%, 3/17/28<sup>(3)</sup> <br>| 13975000 | &nbsp;&nbsp; 14106 |
| &nbsp;&nbsp;&nbsp; Morgan Stanley <br> Finance LLC (Berkshire <br> Hathaway, Inc.) <br>1.000%, 3/21/28<sup>(3)</sup> <br>| 14030000 | &nbsp;&nbsp; 14095 |
| &nbsp;&nbsp;&nbsp; Morgan Stanley <br> Finance LLC (Royal <br> Caribbean Cruises Ltd.) <br>1.250%, 9/28/27<sup>(3)</sup> <br>| 5795000 | &nbsp;&nbsp; 9547 |
|  |  | &nbsp;&nbsp; 109796 |
| **Financial Services—3.3%** | **Financial Services—3.3%** |  |
| &nbsp;&nbsp;&nbsp; Citigroup Global Markets <br> Holdings, Inc. (Booking <br> Holdings, Inc.) <br>1.250%, 9/28/27<sup>(3)</sup> <br>| 15860000 | &nbsp;&nbsp; 19506 |
| &nbsp;&nbsp;&nbsp; Citigroup Global Markets <br> Holdings, Inc. <br> (Broadcom, Inc.) <br>1.250%, 4/13/28<sup>(3)</sup> <br>| 12735000 | &nbsp;&nbsp; 20275 |
| &nbsp;&nbsp;&nbsp; Citigroup Global Markets <br> Holdings, Inc. (NVIDIA <br> Corp.) <br>1.000%, 3/15/27<br>| 6315000 | &nbsp;&nbsp; 9969 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Financial Services—continued** | **Financial Services—continued** |  |
| &nbsp;&nbsp;&nbsp; Goldman Sachs Finance <br> Corp. (CVS Health Corp.) <br>1.000%, 9/25/28<sup>(3)</sup> <br>| 16000000 | &nbsp;&nbsp; $17735 |
| &nbsp;&nbsp;&nbsp; Goldman Sachs Finance <br> Corp. (Eli Lilly & Co.) <br>1.000%, 5/13/27<sup>(3)</sup> <br>| 13770000 | &nbsp;&nbsp; 14789 |
| &nbsp;&nbsp;&nbsp; Goldman Sachs Finance <br> Corp. (Regeneron <br> Pharmaceuticals, Inc.) <br>1.250%, 6/28/27<sup>(3)</sup> <br>| 17975000 | &nbsp;&nbsp; 17208 |
| &nbsp;&nbsp;&nbsp; JPMorgan Chase Financial <br> Co. LLC (Boeing Co. <br> (The)) <br>0.500%, 6/15/27<br>| 5475000 | &nbsp;&nbsp; 6340 |
| &nbsp;&nbsp;&nbsp; JPMorgan Chase Financial <br> Co. LLC (Intuit, Inc.) <br>1.000%, 6/15/28<br>| 13675000 | &nbsp;&nbsp; 14115 |
| &nbsp;&nbsp;&nbsp; JPMorgan Chase Financial <br> Co. LLC (Johnson <br> Controls International <br> plc) <br>1.000%, 4/1/28<br>| 14725000 | &nbsp;&nbsp; 17901 |
| &nbsp;&nbsp;&nbsp; JPMorgan Chase Financial <br> Co. LLC (Meta <br> Platforms, Inc.) <br>1.250%, 3/15/27<br>| 10100000 | &nbsp;&nbsp; 13244 |
| &nbsp;&nbsp;&nbsp; JPMorgan Chase Financial <br> Co. LLC (Salesforce, <br> Inc.) <br>1.000%, 3/15/27<br>| 6430000 | &nbsp;&nbsp; 6390 |
|  |  | &nbsp;&nbsp; 157472 |
| **Total Equity-Linked Notes** <br>**(Identified Cost $251,529)** | **Total Equity-Linked Notes** <br>**(Identified Cost $251,529)** | &nbsp;&nbsp; **267268** |
| **Total Long-Term** <br> **Investments—96.8%** <br>**(Identified Cost $4,549,602)** | **Total Long-Term** <br> **Investments—96.8%** <br>**(Identified Cost $4,549,602)** | &nbsp;&nbsp; **4623000** |
| **Short-Term Investment—0.3%** | **Short-Term Investment—0.3%** | **Short-Term Investment—0.3%** |
| **Money Market Mutual Fund—0.3%** | **Money Market Mutual Fund—0.3%** | **Money Market Mutual Fund—0.3%** |
| &nbsp;&nbsp;&nbsp; BlackRock Liquidity <br> FedFund - Institutional <br> Shares (seven-day <br> effective yield <br> 4.027%)<sup>(10)</sup> <br>| 14668049 | &nbsp;&nbsp; 14668 |
| **Total Short-Term Investment** <br>**(Identified Cost $14,668)** | **Total Short-Term Investment** <br>**(Identified Cost $14,668)** | &nbsp;&nbsp; **14668** |
| **TOTAL INVESTMENTS, BEFORE** <br> **WRITTEN OPTIONS**—**97.1%** <br>**(Identified Cost $4,564,270)** | **TOTAL INVESTMENTS, BEFORE** <br> **WRITTEN OPTIONS**—**97.1%** <br>**(Identified Cost $4,564,270)** | &nbsp;&nbsp; **4637668** |

---

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

See Notes to Schedule of Investments

------

**VIRTUS Income & Growth Fund**

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

**September 30, 2025**

($ reported in thousands)

---

| | |
|:---|:---|
|  | **Value** |
| **Written Options—(0.0)%** | **Written Options—(0.0)%** |
| (See open written options <br> schedule)<br>|  |
| **Total Written Options** <br>**(Premiums Received $568)** | &nbsp;&nbsp; **$(406)**<br>|
| **TOTAL INVESTMENTS, NET OF** <br> **WRITTEN OPTIONS—97.1%** <br>**(Identified Cost $4,563,702)** | &nbsp;&nbsp; **$4637262** |
| Other assets and liabilities, net—2.9% | &nbsp;&nbsp; 140126 |
| **NET ASSETS—100.0%** | &nbsp;&nbsp; **$4777388** |

---

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

---

| | |
|:---|:---|
| **Abbreviations:** | **Abbreviations:** |
| DAC | Designated Activity Company |
| EV | Enterprise Value |
| LLC | Limited Liability Company |
| LP | Limited Partnership |
| OP | Operating Partnership |
| PIK | Payment-in-Kind Security |
| plc | Public Limited Company |
| REIT | Real Estate Investment Trust |

---

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

---

| | |
|:---|:---|
| **Footnote Legend:** | **Footnote Legend:** |
| <sup>(1)</sup> <br>| Security exempt from registration under <br> Rule 144A of the Securities Act of 1933. These <br> securities may be resold in transactions exempt <br> from registration, normally to qualified <br> institutional buyers. At September 30, 2025, these <br> securities amounted to a value of $1,846,452 or <br> 38.6% of net assets.<br>|
| <sup>(2)</sup> <br>| Issued with a zero coupon. Income is recognized <br> through the accretion of discount.<br>|
| <sup>(3)</sup> <br>| The value of this security was determined using <br> significant unobservable inputs and is reported as <br> a Level 3 security in the Fair Value Hierarchy table <br> located after the Schedule of Investments.<br>|
| <sup>(4)</sup> <br>| Security in default; no interest payments are being <br> received.<br>|
| <sup>(5)</sup> <br>| Amount is less than $500 (not in thousands). |
| <sup>(6)</sup> <br>| Payment-in-kind security which may pay <br> interest/dividends in additional par/shares and/or <br> in cash. Rates shown are the current rate and <br> possible payment rates.<br>|

---

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

<sup>(7)</sup> Non-income producing.

<sup>(8)</sup> All or a portion of the security is restricted.

<sup>(9)</sup> All or a portion of the security is segregated as collateral for written options. The value of securities segregated as collateral is $332,432. 

<sup>(10)</sup> Shares of this fund are publicly offered, and its prospectus and annual report are publicly available. 

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

---

| | |
|:---|:---|
| **Country Weightings**<sup>†</sup>  | **Country Weightings**<sup>†</sup>  |
| United States | 91<br> %<br>|
| United Kingdom | 2 |
| Bermuda | 2 |
| Canada | 2 |
| Cayman Islands | 1 |
| Panama | 1 |
| Australia | 1 |
| Total | 100<br> %<br>|
| <sup>†</sup> % of total investments, net of written options, as of <br> September 30, 2025. | <sup>†</sup> % of total investments, net of written options, as of <br> September 30, 2025. |

---

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Open written options contracts as of September 30, 2025 were as follows:** | **Open written options contracts as of September 30, 2025 were as follows:** | **Open written options contracts as of September 30, 2025 were as follows:** | **Open written options contracts as of September 30, 2025 were as follows:** | **Open written options contracts as of September 30, 2025 were as follows:** | **Open written options contracts as of September 30, 2025 were as follows:** |
| **Description of Options** | &nbsp;&nbsp;&nbsp; **Number** <br> **of** <br>**Contracts**<br>| &nbsp;&nbsp; **Contract** <br>**Notional** <br>**Amount**<br>| &nbsp;&nbsp; **Strike** <br>**Price**<sup>(1)</sup> <br>| &nbsp;&nbsp; **Expiration** <br>**Date**<br>| **Value** |
| **Call Options**<sup>(2)</sup> |  |  |  |  |  |
| Amazon.com, Inc. | (1739) | &nbsp;&nbsp;&nbsp;&nbsp; $(46084)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $265.00 | &nbsp;&nbsp;&nbsp;&nbsp; 10/17/25 | &nbsp;&nbsp;&nbsp;&nbsp; $(17) <br>|
| Analog Devices, Inc. | (465) | &nbsp;&nbsp;&nbsp;&nbsp; (12788)<br>| &nbsp;&nbsp;&nbsp;&nbsp;275.00 | &nbsp;&nbsp;&nbsp;&nbsp; 10/17/25 | &nbsp;&nbsp;&nbsp;&nbsp; (8) <br>|
| Broadcom, Inc. | (677) | &nbsp;&nbsp;&nbsp;&nbsp; (27080)<br>| &nbsp;&nbsp;&nbsp;&nbsp;400.00 | &nbsp;&nbsp;&nbsp;&nbsp; 10/17/25 | &nbsp;&nbsp;&nbsp;&nbsp; (30) <br>|
| Capital One Financial Corp. | (427) | &nbsp;&nbsp;&nbsp;&nbsp; (10675)<br>| &nbsp;&nbsp;&nbsp;&nbsp;250.00 | &nbsp;&nbsp;&nbsp;&nbsp; 10/17/25 | &nbsp;&nbsp;&nbsp;&nbsp; (6) <br>|
| Caterpillar, Inc. | (281) | &nbsp;&nbsp;&nbsp;&nbsp; (14893)<br>| &nbsp;&nbsp;&nbsp;&nbsp;530.00 | &nbsp;&nbsp;&nbsp;&nbsp; 10/17/25 | &nbsp;&nbsp;&nbsp;&nbsp; (17) <br>|
| Eaton Corp. plc | (219) | &nbsp;&nbsp;&nbsp;&nbsp; (9198)<br>| &nbsp;&nbsp;&nbsp;&nbsp;420.00 | &nbsp;&nbsp;&nbsp;&nbsp; 10/17/25 | &nbsp;&nbsp;&nbsp;&nbsp; (9) <br>|
| Mastercard, Inc. | (312) | &nbsp;&nbsp;&nbsp;&nbsp; (19812)<br>| &nbsp;&nbsp;&nbsp;&nbsp;635.00 | &nbsp;&nbsp;&nbsp;&nbsp; 10/17/25 | &nbsp;&nbsp;&nbsp;&nbsp; (11) <br>|
| Meta Platforms, Inc. | (464) | &nbsp;&nbsp;&nbsp;&nbsp; (41064)<br>| &nbsp;&nbsp;&nbsp;&nbsp;885.00 | &nbsp;&nbsp;&nbsp;&nbsp; 10/17/25 | &nbsp;&nbsp;&nbsp;&nbsp; (10) <br>|
| Microsoft Corp. | (1375) | &nbsp;&nbsp;&nbsp;&nbsp; (77687)<br>| &nbsp;&nbsp;&nbsp;&nbsp;565.00 | &nbsp;&nbsp;&nbsp;&nbsp; 10/17/25 | &nbsp;&nbsp;&nbsp;&nbsp; (22) <br>|
| Netflix, Inc. | (71) | &nbsp;&nbsp;&nbsp;&nbsp; (9798)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 1380.00 | &nbsp;&nbsp;&nbsp;&nbsp; 10/17/25 | &nbsp;&nbsp;&nbsp;&nbsp; (5) <br>|
| NVIDIA Corp. | (3794) | &nbsp;&nbsp;&nbsp;&nbsp; (81571)<br>| &nbsp;&nbsp;&nbsp;&nbsp;215.00 | &nbsp;&nbsp;&nbsp;&nbsp; 10/17/25 | &nbsp;&nbsp;&nbsp;&nbsp; (125) <br>|
| Parker-Hannifin Corp. | (76) | &nbsp;&nbsp;&nbsp;&nbsp; (6232)<br>| &nbsp;&nbsp;&nbsp;&nbsp;820.00 | &nbsp;&nbsp;&nbsp;&nbsp; 10/17/25 | &nbsp;&nbsp;&nbsp;&nbsp; (20) <br>|
| Tesla, Inc. | (537) | &nbsp;&nbsp;&nbsp;&nbsp; (29535)<br>| &nbsp;&nbsp;&nbsp;&nbsp;550.00 | &nbsp;&nbsp;&nbsp;&nbsp; 10/17/25 | &nbsp;&nbsp;&nbsp;&nbsp; (110) <br>|
| Walmart, Inc. | (1410) | &nbsp;&nbsp;&nbsp;&nbsp; (15933)<br>| &nbsp;&nbsp;&nbsp;&nbsp;113.00 | &nbsp;&nbsp;&nbsp;&nbsp; 10/17/25 | &nbsp;&nbsp;&nbsp;&nbsp; (16) <br>|
| **Total Written Options** |  |  |  |  | &nbsp;&nbsp;&nbsp;&nbsp; $(406)<br>|

---

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

---

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

---

See Notes to Schedule of Investments

------

**VIRTUS Income & Growth Fund**

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

**September 30, 2025**

($ reported in thousands)

The following table summarizes the value of the Fund's investments as of September 30, 2025, based on the inputs used to value them (See Security Valuation Note 1 in the Notes to Schedule of Investments):

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Total <br>Value at <br>September 30, 2025<br>| Level 1 <br>Quoted Prices<br>| Level 2 <br>Significant <br>Observable <br>Inputs<br>| Level 3 <br>Significant <br>Unobservable <br>Inputs<br>|
| Assets: |  |  |  |  |
| Debt Instruments: |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Convertible Bonds and Notes | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $1067167 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $1067167 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $— |
| &nbsp;&nbsp;&nbsp; Corporate Bonds and Notes | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1512438 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1511743 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 695 <br><sup>(1)</sup><br>|
| Equity Securities: |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Convertible Preferred Stocks | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 221466 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 221466 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; Preferred Stock | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6 |
| &nbsp;&nbsp;&nbsp; Common Stocks | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1554626 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1552947 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 157 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1522 <br><sup>(1)</sup><br>|
| &nbsp;&nbsp;&nbsp; Warrants | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29 <br><sup>(1)</sup><br>|
| &nbsp;&nbsp;&nbsp; Equity-Linked Notes | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 267268 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 96761 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 170507 |
| Money Market Mutual Fund | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14668 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14668 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — |
| Total Assets | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4637668 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1789081 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2675828 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 172759 |
| Liabilities: |  |  |  |  |
| Other Financial Instruments: |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Written Options | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (406)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (341)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (65)<br>| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — |
| Total Investments, Net of Written Options | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $4637262 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $1788740 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $2675763 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $172759 |

---

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

<sup>(1)</sup> Includes internally fair valued securities currently priced at zero ($0).

Securities held by the Fund with an end of period value of $1 were transferred from Level 3 to Level 2 due to an increase in trading activities at period end.

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

The following is a reconciliation of assets of the Fund for Level 3 investments for which significant unobservable inputs were used to determine fair value.

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | Total | Corporate <br>Bonds <br>and Notes<br>| Preferred <br>Stock<br>| Common <br>Stocks<br>| Warrants | Equity-Linked <br>Notes<br>|
| **Investments in Securities** |  |  |  |  |  |  |
| **Balance as of June 30, 2025:** | &nbsp;&nbsp;&nbsp;&nbsp; $168212 | &nbsp;&nbsp;&nbsp;&nbsp; $982 <br><sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; $939 | &nbsp;&nbsp;&nbsp;&nbsp; $1461 <br><sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; $29 <br><sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; $164801 |
| Net realized gain (loss) | &nbsp;&nbsp;&nbsp;&nbsp; 405 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 405 |
| Net change in unrealized appreciation (depreciation)<sup>(b)</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; (1984)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (286)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (933)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 61 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (826)<br>|
| Purchases | &nbsp;&nbsp;&nbsp;&nbsp; 17600 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 17600 |
| Sales<sup>(c)</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; (11473)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; (11473)<br>|
| Transfers from Level 3<sup>(d)</sup> <br>| &nbsp;&nbsp;&nbsp;&nbsp; (1)<br>| &nbsp;&nbsp;&nbsp;&nbsp; (1)<br>| &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — |
| **Balance as of September 30, 2025** | &nbsp;&nbsp;&nbsp;&nbsp; $172759 | &nbsp;&nbsp;&nbsp;&nbsp; $695 <br><sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; $6 | &nbsp;&nbsp;&nbsp;&nbsp; $1522 <br><sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; $29 <br><sup>(a)</sup><br>| &nbsp;&nbsp;&nbsp;&nbsp; $170507 |

---

<sup>(a)</sup> Includes internally fair valued security currently priced at zero ($0).

<sup>(b)</sup> The net change in unrealized appreciation (depreciation) on investments still held at September 30, 2025, was $(1,507).

<sup>(c)</sup> Includes paydowns on securities.

<sup>(d)</sup> Transfers into and/or from represent the ending value as of September 30, 2025, for any investment security where a change in the pricing level occured from the beginning to the end of the period.

See Notes to Schedule of Investments

------

**VIRTUS Income & Growth Fund**

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

**September 30, 2025**

($ reported in thousands)

The following table presents additional information about valuation techniques and inputs used for investments that are measured at fair value and categorized within Level 3 at September 30, 2025:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Investments in** <br>**Securities – Assets**<br>| **Ending** <br>**Balance at** <br>**September 30, 2025**<br>| **Valuation Technique** <br>**Used**<br>| **Unobservable** <br>**Inputs**<br>| **Input** <br>**Values**<br>| **Impact to Valuation** <br>**from an Increase in** <br>**Unobservable Inputs**<sup>(a)</sup> <br>|
| **Preferred Stock:** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; LiveStyle, Inc. <br>Series B<br>| &nbsp;&nbsp;&nbsp;&nbsp; $6 | &nbsp;&nbsp;&nbsp;&nbsp; Discounted cash flows <br>liquidation approach<br>| Discount rate | 22.20% (21.95% - 22.59%) | &nbsp;&nbsp;&nbsp;&nbsp; Decrease |
| **Common Stocks:** |  |  |  |  |  |
| CCF Holdings LLC | &nbsp;&nbsp;&nbsp;&nbsp; $445 | OPM and Last transaction | Volatility | 41.29% (38.10% - 45.00%) | &nbsp;&nbsp;&nbsp;&nbsp; Increase |
| &nbsp;&nbsp;&nbsp;&nbsp; CCF Holdings LLC <br>Class M<br>| &nbsp;&nbsp;&nbsp;&nbsp; $123 | OPM and Last transaction | Volatility | 41.29% (38.10% - 45.00%) | &nbsp;&nbsp;&nbsp;&nbsp; Increase |
| &nbsp;&nbsp;&nbsp;&nbsp; Postmedia Network <br>Canada Corp.<br>| &nbsp;&nbsp;&nbsp;&nbsp; $887 | &nbsp;&nbsp;&nbsp;&nbsp; Market and Company <br>Comparables<br>| EV Multiples | 1.52x (0.62x - 3.16x) | &nbsp;&nbsp;&nbsp;&nbsp; Increase |
|  |  |  |  | 11.07x (3.89x - 17.66x) |  |
|  |  |  | Illiquid Discount | 10.00% | &nbsp;&nbsp;&nbsp;&nbsp; Decrease |
| **Warrants:** |  |  |  |  |  |
| CCF Holdings LLC | &nbsp;&nbsp;&nbsp;&nbsp; $29 | Black-Scholes Model | Volatility | 41.29% (38.10% - 45.00%) | &nbsp;&nbsp;&nbsp;&nbsp; Increase |

---

<sup>(a)</sup> A significant change in unobservable inputs could result in a significantly higher or lower fair value.

See Notes to Schedule of Investments

------

**VIRTUS Income & Growth Fund**

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

**September 30, 2025**

**Note 1. Security Valuation**

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

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

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

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

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

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

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

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

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

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

A summary of the inputs used to value the Fund's net assets by each major security type is disclosed at the end of the Schedule of Investments for the

Fund. The inputs or methodologies used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

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

------

## 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 Investment Trust

- **b. Investment Company Act file number:** 811-06161

- **c. CIK number of Registrant:** 0000867297

- **d. LEI of Registrant:** 549300JFX7YJRKFQYL29

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

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

  - **City:** Greenfield

  - **State:** MA

  - **Foreign country:** US

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

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

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

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

- **b. EDGAR series identifier (if any):** S000015823

- **c. LEI of Series:** 549300BI4Z61WQ2E4I32

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

- **a. Date of fiscal year-end:** 2026-06-30

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $4829968359.68

**Total Liabilities:** $49528277.58

**Net Assets:** $4780440082.10

**Delayed Delivery Securities:** $33244781.25

**Cash Not Reported:** $134890618.75

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -45.37000000 | **1-Year:** -2065.54000000 | **5-Year:** -38241.08000000 | **10-Year:** -25501.92000000 | **30-Year:** -56794.54000000

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

- **3-Month:** -34.27000000 | **1-Year:** -4342.41000000 | **5-Year:** -269939.14000000 | **10-Year:** -380535.24000000 | **30-Year:** -15757.75000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000043491 | 1.45%                | 1.26%                | 2.07%                |
| Class ID C000043489 | 1.40%                | 1.19%                | 1.98%                |
| Class ID C000043488 | 1.42%                | 1.24%                | 2.01%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $897366.78               | $60114918.13                               |
| Month 2  | $-2150132.55             | $49468238.79                               |
| Month 3  | $-18675788.40            | $108640893.69                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ADVANCE AUTO PARTS                              | Advance Auto Parts Inc                                                           | CUSIP: 00751YAL0<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | DBT              | CORP              | US        |  11920000 | PA      | $12292500.00  | 0.26%             | 2033-08-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| MICROCHIP TECHNOLOGY INC                        | Microchip Technology Inc                                                         | CUSIP: 595017302<br>LEI: 5493007PTFULNYZJ1R12 | Long             | EP               | CORP              | US        |    252370 | NS      | $14897401.10  | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| HERTZ CORP/THE                                  | Hertz Corp/The                                                                   | CUSIP: 428040DB2<br>LEI: 549300PD0C69OJ0NLB27 | Long             | DBT              | CORP              | US        |   7755000 | PA      | $6186497.74   | 0.13%             | 2029-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GS FINANCE CORP                                 | GS FINANCE CORP                                                                  | CUSIP: 40058QAU3<br>LEI: 549300FR80KBVO6DRL61 | Long             | DBT              | CORP              | US        |  16000000 | PA      | $17734400.00  | 0.37%             | 2028-09-25      | Fixed         | 1.00%                 | No            |                  3 | On Loan: No      |
| STRATEGY INC                                    | Strategy Inc                                                                     | CUSIP: 594972887<br>LEI: 549300WQTWEJUEHXQX21 | Long             | EP               | CORP              | US        |     42025 | NS      | $3853692.50   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| CLARIOS GLOBAL LP/US FIN                        | Clarios Global LP / Clarios US Finance Co                                        | CUSIP: 18060TAC9<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |   4250000 | PA      | $4343868.35   | 0.09%             | 2028-05-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| GRAY MEDIA INC                                  | Gray Media Inc                                                                   | CUSIP: 389375AN6<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |   6000000 | PA      | $6129828.00   | 0.13%             | 2032-07-15      | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| ALIBABA GROUP HOLDING                           | Alibaba Group Holding Ltd                                                        | CUSIP: 01609WBG6<br>LEI: 5493001NTNQJDH60PM02 | Long             | DBT              | CORP              | KY        |   7680000 | PA      | $14108160.00  | 0.30%             | 2031-06-01      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| TENET HEALTHCARE CORP                           | Tenet Healthcare Corp                                                            | CUSIP: 88033GDK3<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |  21010000 | PA      | $21022164.16  | 0.44%             | 2028-10-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| BAUSCH HEALTH AMERICAS                          | Bausch Health Americas Inc                                                       | CUSIP: 91911XAW4<br>LEI: KOO0397YRO83WY5MGD97 | Long             | DBT              | CORP              | US        |  12710000 | PA      | $12582900.00  | 0.26%             | 2027-01-31      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| WEC ENERGY GROUP INC                            | WEC Energy Group Inc                                                             | CUSIP: 92939UAS5<br>LEI: 549300IGLYTZUK3PVP70 | Long             | DBT              | CORP              | US        |  14575000 | PA      | $15055975.00  | 0.31%             | 2028-06-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| ARES MANAGEMENT CORP                            | Ares Management Corp                                                             | CUSIP: 03990B309<br>LEI: 529900JUV61FH7B8VW38 | Long             | EP               | CORP              | US        |    261605 | NS      | $12999152.45  | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Stanley Black & Decker Inc                      | Stanley Black & Decker Inc                                                       | CUSIP: 854502101<br>LEI: 549300DJ09SMTO561131 | Long             | EC               | CORP              | US        |     82623 | NS      | $6141367.59   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| AbbVie Inc                                      | AbbVie Inc                                                                       | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |     33632 | NS      | $7787153.28   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| ZSCALER INC.                                    | Zscaler Inc                                                                      | CUSIP: 98980GAC6<br>LEI: 529900MZ0RTK1BWRNF46 | Long             | DBT              | CORP              | US        |  12070000 | PA      | $11967405.00  | 0.25%             | 2028-07-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SHOPIFY INC                                     | Shopify Inc                                                                      | CUSIP: 82509LAA5<br>LEI: 549300HGQ43STJLLP808 | Long             | DBT              | CORP              | CA        |   9840000 | PA      | $10336920.00  | 0.22%             | 2025-11-01      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| Chewy Inc                                       | Chewy Inc                                                                        | CUSIP: 16679L109<br>LEI: 254900NPQSTG9I422879 | Long             | EC               | CORP              | US        |    205737 | NS      | $8322061.65   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE, INC.                 | NETFLIX INC                                                                      | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DE               | CORP              | US        |       -71 | NC      | $-4970.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| ONEMAIN FINANCE CORP                            | OneMain Finance Corp                                                             | CUSIP: 682691AK6<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |  18070000 | PA      | $18666992.87  | 0.39%             | 2032-09-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Axon Enterprise Inc                             | Axon Enterprise Inc                                                              | CUSIP: 05464C101<br>LEI: 549300QP2IEEGFE16681 | Long             | EC               | CORP              | US        |      9824 | NS      | $7050095.36   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| PANTHER ESCROW ISSUER                           | Panther Escrow Issuer LLC                                                        | CUSIP: 69867RAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  25540000 | PA      | $26564613.72  | 0.56%             | 2031-06-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                            | Cleveland-Cliffs Inc                                                             | CUSIP: 185899AP6<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |  22980000 | PA      | $23208995.70  | 0.49%             | 2032-03-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE FINANCIAL                        | JPMorgan Chase Financial Co LLC                                                  | CUSIP: 48136CP37<br>LEI: 549300NJFDJOFYVV6789 | Long             | DBT              | CORP              | US        |  14725000 | PA      | $17901182.50  | 0.37%             | 2028-04-01      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INC                               | Iron Mountain Inc                                                                | CUSIP: 46284VAQ4<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              | CORP              | US        |  26190000 | PA      | $26714192.85  | 0.56%             | 2033-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Tesla Inc                                       | Tesla Inc                                                                        | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |    107498 | NS      | $47806510.56  | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| FTAI AVIATION INVESTORS                         | FTAI Aviation Investors LLC                                                      | CUSIP: 34960PAH4<br>LEI: 529900E7PUVK6BC8PE80 | Long             | DBT              | CORP              | US        |  10680000 | PA      | $10746984.96  | 0.22%             | 2033-04-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Workday Inc                                     | Workday Inc                                                                      | CUSIP: 98138H101<br>LEI: 549300J0DYC0N31V7G13 | Long             | EC               | CORP              | US        |      4974 | NS      | $1197391.02   | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Rockwell Automation Inc                         | Rockwell Automation Inc                                                          | CUSIP: 773903109<br>LEI: VH3R4HHBHH12O0EXZJ88 | Long             | EC               | CORP              | US        |     27270 | NS      | $9531683.10   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| FORD MOTOR COMPANY                              | Ford Motor Co                                                                    | CUSIP: 345370CZ1<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | DBT              | CORP              | US        |   5155000 | PA      | $5224592.50   | 0.11%             | 2026-03-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Cintas Corp                                     | Cintas Corp                                                                      | CUSIP: 172908105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     39690 | NS      | $8146769.40   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| MARIPOSA BORROWER INC 10/21 FIXED 8             | MARIPOSA BORROWER INC 10/21 FIXED 8                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6810000 | PA      | $694620.00    | 0.01%             | 2023-10-15      | Fixed         | 8.00%                 | No            |                  3 | On Loan: No      |
| SEAGATE DATA STOR                               | Seagate Data Storage Technology Pte Ltd                                          | CUSIP: 81180LAQ8<br>LEI: N/A                  | Long             | DBT              | CORP              | SG        |   7495000 | PA      | $7934641.71   | 0.17%             | 2031-07-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| PG&E CORP                                       | PG&E Corp                                                                        | CUSIP: 69331C306<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | EP               | CORP              | US        |    433540 | NS      | $17072805.20  | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE, INC.                 | AMAZON.COM INC                                                                   | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DE               | CORP              | US        |     -1739 | NC      | $-17390.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| NEXSTAR MEDIA INC                               | Nexstar Media Inc                                                                | CUSIP: 65343HAA9<br>LEI: 5493006PK6I4I2OOT688 | Long             | DBT              | CORP              | US        |  14250000 | PA      | $14229317.55  | 0.30%             | 2027-07-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                                  | Morgan Stanley                                                                   | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |     75770 | NS      | $12044399.20  | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| PENNYMAC FIN SVCS INC                           | PennyMac Financial Services Inc                                                  | CUSIP: 70932MAF4<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |  13925000 | PA      | $14386014.98  | 0.30%             | 2033-02-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| POST HOLDINGS INC                               | Post Holdings Inc                                                                | CUSIP: 737446AV6<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |  19530000 | PA      | $19711804.77  | 0.41%             | 2033-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| NAVIENT CORP                                    | Navient Corp                                                                     | CUSIP: 63938CAQ1<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |   8900000 | PA      | $9365096.20   | 0.20%             | 2032-06-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| SCRIPPS ESCROW II INC                           | Scripps Escrow II Inc                                                            | CUSIP: 81105DAB1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  13495000 | PA      | $9442518.98   | 0.20%             | 2031-01-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| LiveStyle Inc. Common Stock                     | LiveStyle Inc. Common Stock                                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    202319 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| SHIFT4 PAYMENTS LLC/FIN                         | Shift4 Payments LLC / Shift4 Payments Finance Sub Inc                            | CUSIP: 82453AAB3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  11570000 | PA      | $11962118.87  | 0.25%             | 2032-08-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Amazon.com Inc                                  | Amazon.com Inc                                                                   | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |    347715 | NS      | $76347782.55  | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| WOLFSPEED INC                                   | Wolfspeed Inc                                                                    | CUSIP: 977852AB8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  23015000 | PA      | $10356750.00  | 0.22%             | 2028-02-15      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| HERC HOLDINGS INC                               | Herc Holdings Inc                                                                | CUSIP: 42704LAG9<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |   3475000 | PA      | $3627559.45   | 0.08%             | 2033-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                               | Barclays Bank PLC                                                                | CUSIP: 06744EDH7<br>LEI: G5GSEF7VJP5I7OUK5573 | Long             | DBT              | CORP              | GB        |  25475000 | PA      | $28802529.55  | 0.60%             | 2029-02-16      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Chipotle Mexican Grill Inc                      | Chipotle Mexican Grill Inc                                                       | CUSIP: 169656105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    187285 | NS      | $7339699.15   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| AEROVIRONMENT INC                               | AeroVironment Inc                                                                | CUSIP: 008073AA6<br>LEI: 529900PGHVI29YLZ6221 | Long             | DBT              | CORP              | US        |  11895000 | PA      | $14737905.00  | 0.31%             | 2030-07-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MIRION TECHNOLOGIES INC                         | Mirion Technologies Inc                                                          | CUSIP: 60471AAC5<br>LEI: 549300BNTOWVWFNVTJ65 | Long             | DBT              | CORP              | US        |   5410000 | PA      | $5817052.55   | 0.12%             | 2031-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Meta Platforms Inc                              | Meta Platforms Inc                                                               | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |     92855 | NS      | $68190854.90  | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| SIRIUS XM RADIO LLC                             | Sirius XM Radio LLC                                                              | CUSIP: 82967NBG2<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |  11990000 | PA      | $11245535.74  | 0.24%             | 2030-07-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Intuitive Surgical Inc                          | Intuitive Surgical Inc                                                           | CUSIP: 46120E602<br>LEI: 54930052SRG011710797 | Long             | EC               | CORP              | US        |     27415 | NS      | $12260810.45  | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE, INC.                 | CAPITAL ONE FINANCIAL CORP                                                       | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DE               | CORP              | US        |      -427 | NC      | $-5978.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Clarivate PLC                                   | Clarivate PLC                                                                    | CUSIP: 000000000<br>LEI: 549300WDHIIODXFO0R55 | Long             | EC               | CORP              | GB        |    540468 | NS      | $2069992.44   | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE, INC.                 | ANALOG DEVICES INC                                                               | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DE               | CORP              | US        |      -465 | NC      | $-7905.00     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CBOE GLOBAL MARKETS, INC.                       | MICROSOFT CORP                                                                   | CUSIP: 000000000<br>LEI: 529900RLNSGA90UPEH54 | N/A              | DE               | CORP              | US        |     -1375 | NC      | $-22000.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| O'Reilly Automotive Inc                         | O'Reilly Automotive Inc                                                          | CUSIP: 67103H107<br>LEI: 549300K2RLMQL149Q332 | Long             | EC               | CORP              | US        |    160875 | NS      | $17343933.75  | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Wells Fargo & Co                                | Wells Fargo & Co                                                                 | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |    178655 | NS      | $14974862.10  | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| MAUSER PACKAGING SOLUT                          | Mauser Packaging Solutions Holding Co                                            | CUSIP: 57763RAD9<br>LEI: 549300DNGHXL0OMHW304 | Long             | DBT              | CORP              | US        |  15595000 | PA      | $15747877.79  | 0.33%             | 2027-04-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Equinix Inc                                     | Equinix Inc                                                                      | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               | CORP              | US        |      9680 | NS      | $7581763.20   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| XPO INC                                         | XPO Inc                                                                          | CUSIP: 983793AK6<br>LEI: 54930096DB9LCLPN7H13 | Long             | DBT              | CORP              | US        |   2015000 | PA      | $2116219.50   | 0.04%             | 2032-02-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| AT&T Inc                                        | AT&T Inc                                                                         | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               | CORP              | US        |    272415 | NS      | $7692999.60   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| NATIONSTAR MTG HLD INC                          | Nationstar Mortgage Holdings Inc                                                 | CUSIP: 63861CAF6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  15585000 | PA      | $16267669.76  | 0.34%             | 2032-02-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| ETSY INC                                        | Etsy Inc                                                                         | CUSIP: 29786AAN6<br>LEI: 54930089Q7XT501AEA40 | Long             | DBT              | CORP              | US        |  24535000 | PA      | $21639870.00  | 0.45%             | 2028-06-15      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| BATH & BODY WORKS INC                           | Bath & Body Works Inc                                                            | CUSIP: 501797AL8<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | DBT              | CORP              | US        |   1635000 | PA      | $1700435.97   | 0.04%             | 2035-11-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| PARK INTERMED HOLDINGS                          | Park Intermediate Holdings LLC / PK Domestic Property LLC / PK Finance Co-Issuer | CUSIP: 70052LAC7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   9060000 | PA      | $8833469.20   | 0.18%             | 2029-05-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| POST HOLDINGS INC                               | Post Holdings Inc                                                                | CUSIP: 737446AX2<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |  14125000 | PA      | $14242562.38  | 0.30%             | 2034-10-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Allstate Corp/The                               | Allstate Corp/The                                                                | CUSIP: 020002101<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | EC               | CORP              | US        |     40795 | NS      | $8756646.75   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| ONEMAIN FINANCE CORP                            | OneMain Finance Corp                                                             | CUSIP: 682691AG5<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |   7435000 | PA      | $7709968.61   | 0.16%             | 2031-11-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| SNAP INC                                        | Snap Inc                                                                         | CUSIP: 83304AAL0<br>LEI: 549300JNC0L6VP8A2Q35 | Long             | DBT              | CORP              | US        |  13430000 | PA      | $13726784.74  | 0.29%             | 2033-03-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| GLOBAL PAYMENTS INC                             | Global Payments Inc                                                              | CUSIP: 37940XAU6<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |  30895000 | PA      | $28276798.28  | 0.59%             | 2031-03-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Citigroup Inc                                   | Citigroup Inc                                                                    | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |    233855 | NS      | $23736282.50  | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Caterpillar Inc                                 | Caterpillar Inc                                                                  | CUSIP: 149123101<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | EC               | CORP              | US        |     56240 | NS      | $26834916.00  | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| ORGANON & CO/ORGANON FOR                        | Organon & Co / Organon Foreign Debt Co-Issuer BV                                 | CUSIP: 68622TAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  16745000 | PA      | $14669440.34  | 0.31%             | 2031-04-30      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| XPO INC                                         | XPO Inc                                                                          | CUSIP: 98379KAB8<br>LEI: 54930096DB9LCLPN7H13 | Long             | DBT              | CORP              | US        |   5950000 | PA      | $6225377.90   | 0.13%             | 2031-06-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| MICROCHIP TECHNOLOGY INC                        | Microchip Technology Inc                                                         | CUSIP: 595017BG8<br>LEI: 5493007PTFULNYZJ1R12 | Long             | DBT              | CORP              | US        |  12740000 | PA      | $12351430.00  | 0.26%             | 2030-06-01      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| CNX RESOURCES CORP                              | CNX Resources Corp                                                               | CUSIP: 12653CAK4<br>LEI: 549300JK3KH8PWM3B226 | Long             | DBT              | CORP              | US        |   5510000 | PA      | $5680826.53   | 0.12%             | 2031-01-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| LIONS GATE CAPITAL HOL 1                        | Starz Capital Holdings 1 Inc                                                     | CUSIP: 535939AA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7195000 | PA      | $6823306.30   | 0.14%             | 2030-04-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BlackRock Liquidity FedFund                     | BlackRock Liquidity FedFund                                                      | CUSIP: 09248U700<br>LEI: 549300T8K043VZEOVK74 | Long             | STIV             | RF                | US        |  36419463 | NS      | $36419462.55  | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| EXPEDIA GROUP INC                               | Expedia Group Inc                                                                | CUSIP: 30212PBE4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  22790000 | PA      | $22949530.00  | 0.48%             | 2026-02-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                | CSC Holdings LLC                                                                 | CUSIP: 126307AY3<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |  14490000 | PA      | $10493324.73  | 0.22%             | 2028-04-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| NCL CORPORATION LTD                             | NCL Corp Ltd                                                                     | CUSIP: 62886HBR1<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |  18475000 | PA      | $19000273.63  | 0.40%             | 2032-02-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| VIRGIN MEDIA SECURED FIN                        | Virgin Media Secured Finance PLC                                                 | CUSIP: 92769XAR6<br>LEI: 213800X3RLP4NOTPY579 | Long             | DBT              | CORP              | GB        |   9225000 | PA      | $8697705.46   | 0.18%             | 2030-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Palantir Technologies Inc                       | Palantir Technologies Inc                                                        | CUSIP: 69608A108<br>LEI: 549300UVN46B3BBDHO85 | Long             | EC               | CORP              | US        |     49090 | NS      | $8954997.80   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| GOODYEAR TIRE & RUBBER                          | Goodyear Tire & Rubber Co/The                                                    | CUSIP: 382550BR1<br>LEI: 5493002BI0S2ZQUY3437 | Long             | DBT              | CORP              | US        |   8905000 | PA      | $8364975.87   | 0.17%             | 2031-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS                        | Citigroup Global Markets Holdings Inc/United States                              | CUSIP: 17291LX34<br>LEI: 82VOJDD5PTRDMVVMGV31 | Long             | DBT              | CORP              | US        |   6315000 | PA      | $9968859.00   | 0.21%             | 2027-03-15      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                   | TransDigm Inc                                                                    | CUSIP: 893647BY2<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |  18900000 | PA      | $19112491.38  | 0.40%             | 2033-05-31      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| ADVANCE AUTO PARTS                              | Advance Auto Parts Inc                                                           | CUSIP: 00751YAK2<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | DBT              | CORP              | US        |   4735000 | PA      | $4871617.96   | 0.10%             | 2030-08-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| UNITY SOFTWARE INC                              | Unity Software Inc                                                               | CUSIP: 91332UAG6<br>LEI: 549300D1ESJMGNQNG432 | Long             | DBT              | CORP              | US        |   9720000 | PA      | $13128075.00  | 0.27%             | 2030-03-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BOFA FINANCE LLC                                | BofA Finance LLC                                                                 | CUSIP: 09711GJV8<br>LEI: 549300CGZYSEY3ZSIW16 | Long             | DBT              | CORP              | US        |  14205000 | PA      | $13872603.00  | 0.29%             | 2028-03-23      | Fixed         | 1.00%                 | No            |                  3 | On Loan: No      |
| CLARIOS GLOBAL LP/US FIN                        | Clarios Global LP / Clarios US Finance Co                                        | CUSIP: 18060TAE5<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |  11525000 | PA      | $11780394.00  | 0.25%             | 2032-09-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Broadcom Inc                                    | Broadcom Inc                                                                     | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |    135420 | NS      | $44676412.20  | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuit Inc                                      | Intuit Inc                                                                       | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |     13555 | NS      | $9256845.05   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Co/The                                | Coca-Cola Co/The                                                                 | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               | CORP              | US        |    114435 | NS      | $7589329.20   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlassian Corp                                  | Atlassian Corp                                                                   | CUSIP: 049468101<br>LEI: 549300V7ZY5P02D2MY38 | Long             | EC               | CORP              | AU        |     37440 | NS      | $5979168.00   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| CHURCHILL DOWNS INC                             | Churchill Downs Inc                                                              | CUSIP: 12511VAA6<br>LEI: 529900FODTBQC8MIS994 | Long             | DBT              | CORP              | US        |  10035000 | PA      | $10025952.44  | 0.21%             | 2030-04-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CACI INTERNATIONAL INC                          | CACI International Inc                                                           | CUSIP: 127190AE6<br>LEI: SYRPI2D1O9WRTS2WX210 | Long             | DBT              | CORP              | US        |   4950000 | PA      | $5106175.72   | 0.11%             | 2033-06-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Postmedia Network Canada Corp                   | Postmedia Network Canada Corp                                                    | CUSIP: 73752W502<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |   1018823 | NS      | $886961.83    | 0.02%             |  |  |  | No            |                  3 | On Loan: No      |
| DAVITA INC                                      | DaVita Inc                                                                       | CUSIP: 23918KAY4<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | DBT              | CORP              | US        |  13660000 | PA      | $14086164.68  | 0.29%             | 2033-07-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| NAVIENT CORP                                    | Navient Corp                                                                     | CUSIP: 63938CAJ7<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |   3325000 | PA      | $3363014.73   | 0.07%             | 2026-06-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Mastercard Inc                                  | Mastercard Inc                                                                   | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |     62370 | NS      | $35476679.70  | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Cadence Design Systems Inc                      | Cadence Design Systems Inc                                                       | CUSIP: 127387108<br>LEI: GCT7RXJOGLXPV0NXZY22 | Long             | EC               | CORP              | US        |     46365 | NS      | $16286169.90  | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED RENTALS NORTH AM                         | United Rentals North America Inc                                                 | CUSIP: 911365BL7<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |  17650000 | PA      | $17737649.90  | 0.37%             | 2030-01-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| UPSTART HOLDINGS INC                            | Upstart Holdings Inc                                                             | CUSIP: 91680MAE7<br>LEI: 549300WNB47JRNENIC75 | Long             | DBT              | CORP              | US        |   5065000 | PA      | $4738307.50   | 0.10%             | 2030-11-15      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Carnival Corp                                   | Carnival Corp                                                                    | CUSIP: 143658300<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | EC               | CORP              | US        |    151085 | NS      | $4367867.35   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| ARSENAL AIC PARENT LLC                          | Arsenal AIC Parent LLC                                                           | CUSIP: 04288BAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   8340000 | PA      | $8830366.98   | 0.18%             | 2030-10-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE, INC.                 | CATERPILLAR INC                                                                  | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DE               | CORP              | US        |      -281 | NC      | $-16860.00    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SM ENERGY CO                                    | SM Energy Co                                                                     | CUSIP: 78454LAY6<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |   7435000 | PA      | $7440732.39   | 0.16%             | 2032-08-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| BOSTON PROPERTIES LP                            | Boston Properties LP                                                             | CUSIP: 10112RBM5<br>LEI: BVHHEFJI6SHNOKQT2572 | Long             | DBT              | CORP              | US        |   8040000 | PA      | $8015987.85   | 0.17%             | 2030-10-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| ADT SEC CORP                                    | ADT Security Corp/The                                                            | CUSIP: 00109LAA1<br>LEI: 5493009JEEDYLVRA0J13 | Long             | DBT              | CORP              | US        |  14625000 | PA      | $14142610.46  | 0.30%             | 2029-08-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| WAYFAIR INC                                     | Wayfair Inc                                                                      | CUSIP: 94419LAP6<br>LEI: 54930027N9ZAVYFDHK53 | Long             | DBT              | CORP              | US        |   9060000 | PA      | $13805422.61  | 0.29%             | 2027-09-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE FINANCIAL                        | JPMorgan Chase Financial Co LLC                                                  | CUSIP: 48134WL96<br>LEI: 549300NJFDJOFYVV6789 | Long             | DBT              | CORP              | US        |   6430000 | PA      | $6390134.00   | 0.13%             | 2027-03-15      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                            | Cleveland-Cliffs Inc                                                             | CUSIP: 18589GAA3<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |   3675000 | PA      | $3786738.41   | 0.08%             | 2034-01-15      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| SEAWORLD PARKS & ENTERTA                        | SeaWorld Parks & Entertainment Inc                                               | CUSIP: 81282UAG7<br>LEI: 549300UZV72O3371JJ53 | Long             | DBT              | CORP              | US        |  10165000 | PA      | $9995992.64   | 0.21%             | 2029-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MKS INC                                         | MKS Inc                                                                          | CUSIP: 55306NAB0<br>LEI: 549300KEQATBHAGVF505 | Long             | DBT              | CORP              | US        |  12070000 | PA      | $13216650.00  | 0.28%             | 2030-06-01      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| IREN LTD                                        | IREN Ltd                                                                         | CUSIP: 46270CAA7<br>LEI: 254900FZF02RB3NNGB71 | Long             | DBT              | CORP              | AU        |   6805000 | PA      | $19961155.90  | 0.42%             | 2030-06-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| AMERICAN AXLE & MFG INC                         | American Axle & Manufacturing Inc                                                | CUSIP: 02406PBB5<br>LEI: RY5TAKFOBLDUGX31MS24 | Long             | DBT              | CORP              | US        |   4125000 | PA      | $3919903.76   | 0.08%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co                             | JPMorgan Chase & Co                                                              | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |     71430 | NS      | $22531164.90  | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| CLOUD SOFTWARE GRP INC                          | Cloud Software Group Inc                                                         | CUSIP: 88632QAE3<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |  19800000 | PA      | $19978602.14  | 0.42%             | 2029-03-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE, INC.                 | TESLA INC                                                                        | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DE               | CORP              | US        |      -537 | NC      | $-110085.00   | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Avantor Inc                                     | Avantor Inc                                                                      | CUSIP: 05352A100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    280592 | NS      | $3501788.16   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| LIBERTY BROADBAND CORP                          | Liberty Broadband Corp                                                           | CUSIP: 530307AE7<br>LEI: 549300MIX43II8JLN536 | Long             | DBT              | CORP              | US        |   7870000 | PA      | $7767690.00   | 0.16%             | 2053-03-31      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Microsoft Corp                                  | Microsoft Corp                                                                   | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |    274946 | NS      | $142408280.70 | 2.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Erickson Inc                                    | Erickson Inc                                                                     | CUSIP: 29482Y200<br>LEI: 54930048K1C8M9G3EI51 | Long             | EC               | CORP              | US        |     10866 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Blackstone Inc                                  | Blackstone Inc                                                                   | CUSIP: 09260D107<br>LEI: 5299004LW4QWGZUB8Y96 | Long             | EC               | CORP              | US        |     26215 | NS      | $4478832.75   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| NGL ENRGY OP/FIN CORP                           | NGL Energy Operating LLC / NGL Energy Finance Corp                               | CUSIP: 62922LAD0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   8265000 | PA      | $8468699.19   | 0.18%             | 2032-02-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| Charles Schwab Corp/The                         | Charles Schwab Corp/The                                                          | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |     86705 | NS      | $8277726.35   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| SUNNOVA ENERGY INTL INC                         | Sunnova Energy International Inc                                                 | CUSIP: 86745KAH7<br>LEI: 549300JK1Y1VVC3JU540 | Long             | DBT              | CORP              | US        |  17395000 | PA      | $8697.50      | 0.00%             | 2028-02-15      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| HERC HOLDINGS INC                               | Herc Holdings Inc                                                                | CUSIP: 42704LAA2<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |   2095000 | PA      | $2089754.96   | 0.04%             | 2027-07-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| AMKOR TECHNOLOGY INC                            | Amkor Technology Inc                                                             | CUSIP: 031652BK5<br>LEI: 529900VHLRTKPWZJBM84 | Long             | DBT              | CORP              | US        |   2270000 | PA      | $2270656.03   | 0.05%             | 2027-09-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| UBER TECHNOLOGIES INC                           | Uber Technologies Inc                                                            | CUSIP: 90353TAJ9<br>LEI: 549300B2FTG34FILDR98 | Long             | DBT              | CORP              | US        |  18915000 | PA      | $23038470.00  | 0.48%             | 2025-12-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| AKAMAI TECHNOLOGIES INC                         | Akamai Technologies Inc                                                          | CUSIP: 00971TAL5<br>LEI: OC1LZNN2LF5WTJ5RIL89 | Long             | DBT              | CORP              | US        |   9720000 | PA      | $9297180.00   | 0.19%             | 2027-09-01      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE FINANCIAL                        | JPMorgan Chase Financial Co LLC                                                  | CUSIP: 48133DL24<br>LEI: 549300NJFDJOFYVV6789 | Long             | DBT              | CORP              | US        |   5475000 | PA      | $6340050.00   | 0.13%             | 2027-06-15      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| HP ENTERPRISE CO                                | Hewlett Packard Enterprise Co                                                    | CUSIP: 42824C208<br>LEI: 549300BX44RGX6ANDV88 | Long             | EP               | CORP              | US        |    212040 | NS      | $14397516.00  | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| General Electric Co                             | General Electric Co                                                              | CUSIP: 369604301<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | EC               | CORP              | US        |     60800 | NS      | $18289856.00  | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS                        | Citigroup Global Markets Holdings Inc/United States                              | CUSIP: 17333JSZ4<br>LEI: 82VOJDD5PTRDMVVMGV31 | Long             | DBT              | CORP              | US        |  12735000 | PA      | $20275393.50  | 0.42%             | 2028-04-13      | Fixed         | 1.25%                 | No            |                  3 | On Loan: No      |
| ON SEMICONDUCTOR CORP                           | ON Semiconductor Corp                                                            | CUSIP: 682189AS4<br>LEI: ZV20P4CNJVT8V1ZGJ064 | Long             | DBT              | CORP              | US        |   6340000 | PA      | $7214920.00   | 0.15%             | 2027-05-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Oracle Corp                                     | Oracle Corp                                                                      | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |     83964 | NS      | $23614035.36  | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| GFL ENVIRONMENTAL INC                           | GFL Environmental Inc                                                            | CUSIP: 36168QAN4<br>LEI: 894500E7NLBY9VZRT696 | Long             | DBT              | CORP              | CA        |   8100000 | PA      | $7989166.08   | 0.17%             | 2029-06-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| GS FINANCE CORP                                 | GS Finance Corp                                                                  | CUSIP: 362273CC6<br>LEI: 549300FR80KBVO6DRL61 | Long             | DBT              | CORP              | US        |  13770000 | PA      | $14788980.00  | 0.31%             | 2027-05-13      | Fixed         | 1.00%                 | No            |                  3 | On Loan: No      |
| CCF HLDGS LLC WT CCF HLDGS LLC WTS C            | CCF HLDGS LLC WT CCF HLDGS LLC WTS C                                             | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |   2911361 | NC      | $29113.61     | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| QUIKRETE HOLDINGS INC                           | Quikrete Holdings Inc                                                            | CUSIP: 74843PAB6<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |  12150000 | PA      | $12632278.58  | 0.26%             | 2033-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| VMED O2 UK FINANCING I                          | Vmed O2 UK Financing I PLC                                                       | CUSIP: 92858RAD2<br>LEI: 213800MRR46ECNGZ7L69 | Long             | DBT              | CORP              | GB        |  12080000 | PA      | $12691707.04  | 0.27%             | 2032-04-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| LUMEN TECHNOLOGIES INC                          | Lumen Technologies Inc                                                           | CUSIP: 550241AK9<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | DBT              | CORP              | US        |   8284500 | PA      | $8381082.28   | 0.18%             | 2032-10-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE FINANCIAL                        | JPMorgan Chase Financial Co LLC                                                  | CUSIP: 48136EL78<br>LEI: 549300NJFDJOFYVV6789 | Long             | DBT              | CORP              | US        |  13675000 | PA      | $14115335.00  | 0.30%             | 2028-06-15      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| PERFORMANCE FOOD GROUP I                        | Performance Food Group Inc                                                       | CUSIP: 71376LAF7<br>LEI: 549300OMUOGBYK0FFO76 | Long             | DBT              | CORP              | US        |  14015000 | PA      | $14355718.67  | 0.30%             | 2032-09-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| BOMBARDIER INC                                  | Bombardier Inc                                                                   | CUSIP: 097751CD1<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |   1875000 | PA      | $1956672.00   | 0.04%             | 2033-06-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY FIN LLC                          | Morgan Stanley Finance LLC                                                       | CUSIP: 61778JDL1<br>LEI: 5493003FCPSE9RKT4B56 | Long             | DBT              | CORP              | US        |  14030000 | PA      | $14094538.00  | 0.29%             | 2028-03-21      | Fixed         | 1.00%                 | No            |                  3 | On Loan: No      |
| IONIS PHARMACEUTICALS IN                        | Ionis Pharmaceuticals Inc                                                        | CUSIP: 462222AF7<br>LEI: 549300SI4ZGLG0BLUZ92 | Long             | DBT              | CORP              | US        |   6070000 | PA      | $8387981.25   | 0.18%             | 2028-06-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INC                               | Iron Mountain Inc                                                                | CUSIP: 46284VAP6<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              | CORP              | US        |  11145000 | PA      | $11485268.00  | 0.24%             | 2029-02-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Generac Holdings Inc                            | Generac Holdings Inc                                                             | CUSIP: 368736104<br>LEI: 529900S2H2AHJHSFFI84 | Long             | EC               | CORP              | US        |     49720 | NS      | $8323128.00   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| HERC HOLDINGS INC                               | Herc Holdings Inc                                                                | CUSIP: 42704LAF1<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |   3280000 | PA      | $3407021.28   | 0.07%             | 2030-06-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| LiveStyle Inc. Series B Preferred               | LiveStyle Inc. Series B Preferred                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |      9389 | NS      | $5633.40      | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| COINBASE GLOBAL INC                             | Coinbase Global Inc                                                              | CUSIP: 19260QAB3<br>LEI: 5493004G3J2SC154DU06 | Long             | DBT              | CORP              | US        |  22920000 | PA      | $25441200.00  | 0.53%             | 2026-06-01      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| Wolfspeed Inc                                   | WOLFSPEED INC SR SEC GLBL CV31                                                   | CUSIP: 977852AP7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1344000 | PA      | $1227397.24   | 0.03%             | 2031-06-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| CONFLUENT INC                                   | Confluent Inc                                                                    | CUSIP: 20717MAB9<br>LEI: 254900MRZ83YWUV7SN74 | Long             | DBT              | CORP              | US        |   8315000 | PA      | $7823225.37   | 0.16%             | 2027-01-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| GEN DIGITAL INC                                 | Gen Digital Inc                                                                  | CUSIP: 668771AL2<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | DBT              | CORP              | US        |   7815000 | PA      | $8047027.35   | 0.17%             | 2030-09-30      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HO                        | Clear Channel Outdoor Holdings Inc                                               | CUSIP: 18453HAC0<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |   5410000 | PA      | $5400162.46   | 0.11%             | 2028-04-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                          | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPCT8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5750000 | PA      | $5932763.75   | 0.12%             | 2031-03-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| CLOUD SOFTWARE GRP INC                          | Cloud Software Group Inc                                                         | CUSIP: 18912UAG7<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |   9090000 | PA      | $9253294.21   | 0.19%             | 2033-08-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| NORTHERN OIL & GAS INC                          | Northern Oil & Gas Inc                                                           | CUSIP: 665530AB7<br>LEI: OKFF0PIZDDMNH4UCYE51 | Long             | DBT              | CORP              | US        |   6370000 | PA      | $6580815.15   | 0.14%             | 2031-06-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| LIVE NATION ENTERTAINMEN                        | Live Nation Entertainment Inc                                                    | CUSIP: 538034BB4<br>LEI: 5493007B9BM9ZXJINO78 | Long             | DBT              | CORP              | US        |  30235000 | PA      | $33515497.50  | 0.70%             | 2030-01-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| NVIDIA Corp                                     | NVIDIA Corp                                                                      | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |    758722 | NS      | $141562350.76 | 2.96%             |  |  |  | No            |                  1 | On Loan: No      |
| NEBIUS GROUP NV                                 | Nebius Group NV                                                                  | CUSIP: 63954QAF3<br>LEI: 549300GGZHJ5Q1B18P93 | Long             | DBT              | CORP              | NL        |   2605000 | PA      | $3028312.50   | 0.06%             | 2032-09-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| MGM RESORTS INTL                                | MGM Resorts International                                                        | CUSIP: 552953CH2<br>LEI: 54930066VBP7DZEGGJ87 | Long             | DBT              | CORP              | US        |   7595000 | PA      | $7535808.37   | 0.16%             | 2028-10-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Eli Lilly & Co                                  | Eli Lilly & Co                                                                   | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |     15080 | NS      | $11506040.00  | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| SNAP INC                                        | Snap Inc                                                                         | CUSIP: 83304AAH9<br>LEI: 549300JNC0L6VP8A2Q35 | Long             | DBT              | CORP              | US        |   7940000 | PA      | $7078510.00   | 0.15%             | 2028-03-01      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| CBRE Group Inc                                  | CBRE Group Inc                                                                   | CUSIP: 12504L109<br>LEI: 52990016II9MJ2OSWA10 | Long             | EC               | CORP              | US        |     79300 | NS      | $12494508.00  | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| EXACT SCIENCES CORP                             | Exact Sciences Corp                                                              | CUSIP: 30063PAE5<br>LEI: 549300VM3X1FYD4N9Z14 | Long             | DBT              | CORP              | US        |  10130000 | PA      | $9425660.39   | 0.20%             | 2031-04-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| GEN DIGITAL INC                                 | Gen Digital Inc                                                                  | CUSIP: 668771AM0<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | DBT              | CORP              | US        |   9345000 | PA      | $9540115.47   | 0.20%             | 2033-04-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Take-Two Interactive Software                   | Take-Two Interactive Software Inc                                                | CUSIP: 874054109<br>LEI: BOMSTHHJK882EWYX3334 | Long             | EC               | CORP              | US        |     49688 | NS      | $12837391.68  | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| DOORDASH INC                                    | DoorDash Inc                                                                     | CUSIP: 25809KAA3<br>LEI: 549300NUQ43FGGSK5051 | Long             | DBT              | CORP              | US        |  15355000 | PA      | $17450957.50  | 0.37%             | 2030-05-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BOMBARDIER INC                                  | Bombardier Inc                                                                   | CUSIP: 097751BZ3<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |  21615000 | PA      | $22522484.16  | 0.47%             | 2029-02-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| DIRECTV FINANCING LLC                           | Directv Financing LLC                                                            | CUSIP: 254945AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  14515000 | PA      | $14336774.81  | 0.30%             | 2030-02-01      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE, INC.                 | PARKER-HANNIFIN CORP                                                             | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DE               | CORP              | US        |       -76 | NC      | $-19760.00    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| 3M Co                                           | 3M Co                                                                            | CUSIP: 88579Y101<br>LEI: LUZQVYP4VS22CLWDAR65 | Long             | EC               | CORP              | US        |     63310 | NS      | $9824445.80   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| BOFA FINANCE LLC                                | BofA Finance LLC                                                                 | CUSIP: 09711BER3<br>LEI: 549300CGZYSEY3ZSIW16 | Long             | DBT              | CORP              | US        |   9395000 | PA      | $11082342.00  | 0.23%             | 2027-03-25      | Fixed         | 1.00%                 | No            |                  3 | On Loan: No      |
| NRG ENERGY INC                                  | NRG Energy Inc                                                                   | CUSIP: 629377DC3<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |   5960000 | PA      | $5953916.81   | 0.12%             | 2034-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CIVITAS RESOURCES INC                           | Civitas Resources Inc                                                            | CUSIP: 17888HAB9<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |  11705000 | PA      | $11991901.61  | 0.25%             | 2031-07-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| LIGHT & WONDER INTL INC                         | Light & Wonder International Inc                                                 | CUSIP: 531968AB1<br>LEI: RLTHESQ0RNFQJWPBJN60 | Long             | DBT              | CORP              | US        |   8470000 | PA      | $8484399.00   | 0.18%             | 2033-10-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CO                                     | Southern Co/The                                                                  | CUSIP: 842587EC7<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |  20645000 | PA      | $20892740.00  | 0.44%             | 2028-06-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| CYTOKINETICS INC                                | Cytokinetics Inc                                                                 | CUSIP: 23282WAD2<br>LEI: 549300BE5DY1HW7IHA64 | Long             | DBT              | CORP              | US        |   6905000 | PA      | $7874297.72   | 0.16%             | 2031-10-01      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| EPAM Systems Inc                                | EPAM Systems Inc                                                                 | CUSIP: 29414B104<br>LEI: 549300XCR4R530HJP604 | Long             | EC               | CORP              | US        |     20020 | NS      | $3018815.80   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| CARNIVAL CORP                                   | Carnival Corp                                                                    | CUSIP: 143658BX9<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |   7570000 | PA      | $7759522.52   | 0.16%             | 2033-02-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                          | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPCN1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   8040000 | PA      | $7316932.25   | 0.15%             | 2032-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| WESCO DISTRIBUTION INC                          | WESCO Distribution Inc                                                           | CUSIP: 95081QAS3<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |   7525000 | PA      | $7800627.05   | 0.16%             | 2033-03-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| ETSY INC                                        | Etsy Inc                                                                         | CUSIP: 29786AAL0<br>LEI: 54930089Q7XT501AEA40 | Long             | DBT              | CORP              | US        |   4955000 | PA      | $4557420.96   | 0.10%             | 2027-09-01      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| Micron Technology Inc                           | Micron Technology Inc                                                            | CUSIP: 595112103<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | EC               | CORP              | US        |     62035 | NS      | $10379696.20  | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| CARNIVAL CORP                                   | Carnival Corp                                                                    | CUSIP: 143658CA8<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | DBT              | CORP              | PA        |  18600000 | PA      | $18928810.80  | 0.40%             | 2032-08-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Constellation Energy Corp                       | Constellation Energy Corp                                                        | CUSIP: 21037T109<br>LEI: 549300F8Y20RYGNGV346 | Long             | EC               | CORP              | US        |     46495 | NS      | $15300109.65  | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| ONEMAIN FINANCE CORP                            | OneMain Finance Corp                                                             | CUSIP: 85172FAQ2<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |   5840000 | PA      | $5980370.24   | 0.13%             | 2028-01-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| RTX Corp                                        | RTX Corp                                                                         | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               | CORP              | US        |     77530 | NS      | $12973094.90  | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| VENTURE GLOBAL LNG INC                          | Venture Global LNG Inc                                                           | CUSIP: 92332YAE1<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |  14810000 | PA      | $15324872.61  | 0.32%             | 2030-01-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HO                        | Clear Channel Outdoor Holdings Inc                                               | CUSIP: 18453HAD8<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |   7810000 | PA      | $7585176.65   | 0.16%             | 2029-06-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| MCAFEE CORP                                     | McAfee Corp                                                                      | CUSIP: 579063AB4<br>LEI: 2549009UKR8UEZYVCR93 | Long             | DBT              | CORP              | US        |  15875000 | PA      | $14725513.48  | 0.31%             | 2030-02-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE, INC.                 | EATON CORP PLC                                                                   | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DE               | CORP              | US        |      -219 | NC      | $-8760.00     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| AMERICAN AXLE & MFG INC                         | American Axle & Manufacturing Inc                                                | CUSIP: 02406PBD1<br>LEI: RY5TAKFOBLDUGX31MS24 | Long             | DBT              | CORP              | US        |   8535000 | PA      | $8601535.87   | 0.18%             | 2033-10-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| JAZZ INVESTMENTS I LTD                          | Jazz Investments I Ltd                                                           | CUSIP: 472145AF8<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |  21470000 | PA      | $22790405.00  | 0.48%             | 2026-06-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| UnitedHealth Group Inc                          | UnitedHealth Group Inc                                                           | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |     26690 | NS      | $9216057.00   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| ODDITY FINANCE LLC                              | Oddity Finance LLC                                                               | CUSIP: 67579RAA8<br>LEI: 254900FTSJH2TRDJ3905 | Long             | DBT              | CORP              | US        |  14200000 | PA      | $14306500.00  | 0.30%             | 2030-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Capital One Financial Corp                      | Capital One Financial Corp                                                       | CUSIP: 14040H105<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EC               | CORP              | US        |     69636 | NS      | $14803220.88  | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| MAKEMYTRIP LIMITED                              | MakeMyTrip Ltd                                                                   | CUSIP: 56087FAC8<br>LEI: 529900DNT8HNJ7RYUO60 | Long             | DBT              | CORP              | MU        |  10095000 | PA      | $10422381.86  | 0.22%             | 2030-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SNOWFLAKE INC                                   | Snowflake Inc                                                                    | CUSIP: 833445AD1<br>LEI: 254900CJNSY1K7T53Z16 | Long             | DBT              | CORP              | US        |  15675000 | PA      | $24539212.50  | 0.51%             | 2029-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| AMERICAN AIRLINES/AADVAN                        | American Airlines Inc/AAdvantage Loyalty IP Ltd                                  | CUSIP: 00253XAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |  14125000 | PA      | $14179033.35  | 0.30%             | 2029-04-20      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Plug Power Inc                                  | Plug Power Inc                                                                   | CUSIP: 72919P202<br>LEI: 549300JPDKRSJ8JSM954 | Long             | EC               | CORP              | US        |    437288 | NS      | $1018881.04   | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| FTAI AVIATION INVESTORS                         | FTAI Aviation Investors LLC                                                      | CUSIP: 34960PAG6<br>LEI: 529900E7PUVK6BC8PE80 | Long             | DBT              | CORP              | US        |  18530000 | PA      | $19392052.66  | 0.41%             | 2032-06-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| BOEING CO/THE                                   | Boeing Co/The                                                                    | CUSIP: 097023204<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | EP               | CORP              | US        |    318835 | NS      | $22181350.95  | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| BILL HOLDINGS INC                               | BILL Holdings Inc                                                                | CUSIP: 090043AE0<br>LEI: 549300IBF9VZZIGOZW63 | Long             | DBT              | CORP              | US        |  11595000 | PA      | $10319550.00  | 0.22%             | 2030-04-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Boston Scientific Corp                          | Boston Scientific Corp                                                           | CUSIP: 101137107<br>LEI: Y6ZDD9FP4P8JSSJMW954 | Long             | EC               | CORP              | US        |    141160 | NS      | $13781450.80  | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| CAESARS ENTERTAIN INC                           | Caesars Entertainment Inc                                                        | CUSIP: 12769GAD2<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |  25010000 | PA      | $24633844.60  | 0.52%             | 2032-10-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| TEGNA INC                                       | TEGNA Inc                                                                        | CUSIP: 87901JAH8<br>LEI: 549300YC5EDBGX85AO10 | Long             | DBT              | CORP              | US        |   4440000 | PA      | $4417079.88   | 0.09%             | 2029-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SYNAPTICS INC                                   | Synaptics Inc                                                                    | CUSIP: 87157DAH2<br>LEI: 549300AJ3LI4FWNRQX29 | Long             | DBT              | CORP              | US        |   8385000 | PA      | $8255032.50   | 0.17%             | 2031-12-01      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| BUILDERS FIRSTSOURCE INC                        | Builders FirstSource Inc                                                         | CUSIP: 12008RAR8<br>LEI: 549300W0SKP6L3H7DP63 | Long             | DBT              | CORP              | US        |   7065000 | PA      | $7302744.32   | 0.15%             | 2032-06-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Alphabet Inc                                    | Alphabet Inc                                                                     | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     81715 | NS      | $19901688.25  | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| COHERENT CORP                                   | Coherent Corp                                                                    | CUSIP: 902104AC2<br>LEI: 549300O5C25A0MMHHU33 | Long             | DBT              | CORP              | US        |   6760000 | PA      | $6666738.30   | 0.14%             | 2029-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CITGO PETROLEUM CORP                            | CITGO Petroleum Corp                                                             | CUSIP: 17302XAN6<br>LEI: YX52P86PXMLYDOTUQ225 | Long             | DBT              | CORP              | US        |  11980000 | PA      | $12449520.16  | 0.26%             | 2029-01-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| BIOMARIN PHARMACEUTICAL                         | BioMarin Pharmaceutical Inc                                                      | CUSIP: 09061GAK7<br>LEI: NSLL8ITTRR0J5HEMR848 | Long             | DBT              | CORP              | US        |   6120000 | PA      | $5801760.00   | 0.12%             | 2027-05-15      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                                   | TransDigm Inc                                                                    | CUSIP: 893647CA3<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |  16215000 | PA      | $16765645.67  | 0.35%             | 2034-01-31      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| NATIONSTAR MTG HLD INC                          | Nationstar Mortgage Holdings Inc                                                 | CUSIP: 63861CAC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  12455000 | PA      | $12455000.00  | 0.26%             | 2028-08-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| HILTON GRAND VAC LLC/INC                        | Hilton Grand Vacations Borrower LLC / Hilton Grand Vacations Borrower Inc        | CUSIP: 43284MAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3300000 | PA      | $3173482.19   | 0.07%             | 2029-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL                          | NextEra Energy Capital Holdings Inc                                              | CUSIP: 65339KCY4<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |   3810000 | PA      | $4499610.00   | 0.09%             | 2027-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BARCLAYS BANK PLC                               | Barclays Bank PLC                                                                | CUSIP: 06746BUW9<br>LEI: G5GSEF7VJP5I7OUK5573 | Long             | DBT              | CORP              | GB        |  16205000 | PA      | $18290583.50  | 0.38%             | 2028-05-26      | Fixed         | 1.25%                 | No            |                  3 | On Loan: No      |
| WEATHERFORD INTERNATIONA                        | Weatherford International Ltd                                                    | CUSIP: 947075AU1<br>LEI: 549300A2JKMG5PGOGF82 | Long             | DBT              | CORP              | BM        |   8565000 | PA      | $8755579.82   | 0.18%             | 2030-04-30      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| CCF Holdings LLC                                | CCF Holdings LLC                                                                 | CUSIP: 12509J208<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   7416755 | NS      | $445005.30    | 0.01%             |  |  |  | No            |                  3 | On Loan: No      |
| KRAFT HEINZ FOODS CO                            | Kraft Heinz Foods Co                                                             | CUSIP: 50077LAL0<br>LEI: 5493003STKEZ2S0RNU91 | Long             | DBT              | CORP              | US        |   8175000 | PA      | $8111533.47   | 0.17%             | 2035-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MESQUITE ENERGY INC                             | MESQUITE ENERGY INC                                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6240000 | PA      | $624.00       | 0.00%             | 2024-01-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ROCKET COS INC                                  | Rocket Cos Inc                                                                   | CUSIP: 77311WAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  14590000 | PA      | $15058543.26  | 0.32%             | 2033-08-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| COINBASE GLOBAL INC                             | Coinbase Global Inc                                                              | CUSIP: 19260QAG2<br>LEI: 5493004G3J2SC154DU06 | Long             | DBT              | CORP              | US        |   7215000 | PA      | $7686048.81   | 0.16%             | 2029-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| BUILDERS FIRSTSOURCE INC                        | Builders FirstSource Inc                                                         | CUSIP: 12008RAP2<br>LEI: 549300W0SKP6L3H7DP63 | Long             | DBT              | CORP              | US        |  10405000 | PA      | $9785249.17   | 0.20%             | 2032-02-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                          | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPCB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  14405000 | PA      | $14308941.70  | 0.30%             | 2029-06-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR COMPANY                              | Ford Motor Co                                                                    | CUSIP: 345370CA6<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | DBT              | CORP              | US        |   9690000 | PA      | $10717723.53  | 0.22%             | 2031-07-16      | Fixed         | 7.45%                 | No            |                  2 | On Loan: No      |
| YUM! BRANDS INC                                 | Yum! Brands Inc                                                                  | CUSIP: 988498AP6<br>LEI: 549300JE8XHZZ7OHN517 | Long             | DBT              | CORP              | US        |   5310000 | PA      | $5159282.55   | 0.11%             | 2032-01-31      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Ecolab Inc                                      | Ecolab Inc                                                                       | CUSIP: 278865100<br>LEI: 82DYEISM090VG8LTLS26 | Long             | EC               | CORP              | US        |     29265 | NS      | $8014512.90   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Cardinal Health Inc                             | Cardinal Health Inc                                                              | CUSIP: 14149Y108<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | EC               | CORP              | US        |     49100 | NS      | $7706736.00   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| SOFI TECHNOLOGIES INC                           | SoFi Technologies Inc                                                            | CUSIP: 83406FAA0<br>LEI: 549300SW81JCMVZDDY09 | Long             | DBT              | CORP              | US        |  11965000 | PA      | $15548517.50  | 0.33%             | 2026-10-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Aon PLC                                         | Aon PLC                                                                          | CUSIP: 000000000<br>LEI: 635400FALWQYX5E6QC64 | Long             | EC               | CORP              | GB        |     33930 | NS      | $12098759.40  | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| CHART INDUSTRIES INC                            | Chart Industries Inc                                                             | CUSIP: 16115QAF7<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | DBT              | CORP              | US        |   7100000 | PA      | $7389218.50   | 0.15%             | 2030-01-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| BRIDGEBIO PHARMA INC                            | Bridgebio Pharma Inc                                                             | CUSIP: 10806XAH5<br>LEI: 54930028YG89VTY2J114 | Long             | DBT              | CORP              | US        |  10030000 | PA      | $13369990.00  | 0.28%             | 2031-03-01      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                                | CSC Holdings LLC                                                                 | CUSIP: 126307BA4<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $1142340.30   | 0.02%             | 2030-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| AXON ENTERPRISE INC                             | Axon Enterprise Inc                                                              | CUSIP: 05464CAD3<br>LEI: 549300QP2IEEGFE16681 | Long             | DBT              | CORP              | US        |   7270000 | PA      | $7482981.92   | 0.16%             | 2033-03-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Netflix Inc                                     | Netflix Inc                                                                      | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |     14145 | NS      | $16958723.40  | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| NEXTERA ENERGY INC                              | NextEra Energy Inc                                                               | CUSIP: 65339F663<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EP               | CORP              | US        |    581645 | NS      | $29006636.15  | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| MATCH GROUP FINANCECO 3                         | Match Group Financeco 3 Inc                                                      | CUSIP: 44932KAA4<br>LEI: 5493003IEL8HSZKWUI17 | Long             | DBT              | CORP              | US        |   4265000 | PA      | $3908872.50   | 0.08%             | 2030-01-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| MONITRONICS INTERNATIONAL INC 04/20 FIXED 9.125 | MONITRONICS INTERNATIONAL INC 04/20 FIXED 9.125                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6450000 | PA      | $0.00         | 0.00%             | 2049-04-01      | Fixed         | 9.12%                 | No            |                  3 | On Loan: No      |
| Apple Inc                                       | Apple Inc                                                                        | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |    396350 | NS      | $100922600.50 | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Motorola Solutions Inc                          | Motorola Solutions Inc                                                           | CUSIP: 620076307<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | EC               | CORP              | US        |     51035 | NS      | $23337795.15  | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| GTT COMMUNICATIONS WARRANT                      | GTT COMMUNICATIONS WARRANT                                                       | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     27745 | NC      | $0.28         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| BANK OF AMERICA CORP                            | Bank of America Corp                                                             | CUSIP: 060505682<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EP               | CORP              | US        |     22050 | NS      | $28224000.00  | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| ServiceNow Inc                                  | ServiceNow Inc                                                                   | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |      9135 | NS      | $8406757.80   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| UKG INC                                         | UKG Inc                                                                          | CUSIP: 90279XAA0<br>LEI: 529900FKHWSTQ1GXK240 | Long             | DBT              | CORP              | US        |  15410000 | PA      | $15900577.35  | 0.33%             | 2031-02-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Devon Energy Corp                               | Devon Energy Corp                                                                | CUSIP: 25179M103<br>LEI: 54930042348RKR3ZPN35 | Long             | EC               | CORP              | US        |    148335 | NS      | $5200625.10   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Waste Management Inc                            | Waste Management Inc                                                             | CUSIP: 94106L109<br>LEI: 549300YX8JIID70NFS41 | Long             | EC               | CORP              | US        |     70250 | NS      | $15513307.50  | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| GS FINANCE CORP                                 | GS Finance Corp                                                                  | CUSIP: 362273CE2<br>LEI: 549300FR80KBVO6DRL61 | Long             | DBT              | CORP              | US        |  17975000 | PA      | $17207467.50  | 0.36%             | 2027-06-28      | Fixed         | 1.25%                 | No            |                  3 | On Loan: No      |
| 1011778 BC / NEW RED FIN                        | 1011778 BC ULC / New Red Finance Inc                                             | CUSIP: 68245XAR0<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |  17865000 | PA      | $18266998.23  | 0.38%             | 2029-06-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| FORTESCUE TREASURY PTY L                        | Fortescue Treasury Pty Ltd                                                       | CUSIP: 30251GBC0<br>LEI: 549300EFD6S2NFE9D745 | Long             | DBT              | CORP              | AU        |   4130000 | PA      | $3943065.88   | 0.08%             | 2031-04-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Linde PLC                                       | Linde PLC                                                                        | CUSIP: 000000000<br>LEI: 5299003QR1WT0EF88V51 | Long             | EC               | CORP              | US        |     15565 | NS      | $7393375.00   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| STRATEGY INC                                    | Strategy Inc                                                                     | CUSIP: 594972AR2<br>LEI: 549300WQTWEJUEHXQX21 | Long             | DBT              | CORP              | US        |  29170000 | PA      | $26107462.12  | 0.55%             | 2029-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| RIVIAN AUTO INC                                 | Rivian Automotive Inc                                                            | CUSIP: 76954AAB9<br>LEI: 25490004LNKJ84MFYY24 | Long             | DBT              | CORP              | US        |  11920000 | PA      | $12343160.00  | 0.26%             | 2029-03-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| DRAFTKINGS HOLDINGS INC                         | DraftKings Holdings Inc                                                          | CUSIP: 26142RAB0<br>LEI: 5493008P45UYYL683Z97 | Long             | DBT              | CORP              | US        |  14375000 | PA      | $12901562.50  | 0.27%             | 2028-03-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE, INC.                 | MASTERCARD INC                                                                   | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DE               | CORP              | US        |      -312 | NC      | $-11388.00    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Gilead Sciences Inc                             | Gilead Sciences Inc                                                              | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |    105640 | NS      | $11726040.00  | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| PEBBLEBROOK HOTEL TRUST                         | Pebblebrook Hotel Trust                                                          | CUSIP: 70509VAB6<br>LEI: 5493004Q1NNH6JXCSI52 | Long             | DBT              | CORP              | US        |   3135000 | PA      | $3087242.84   | 0.06%             | 2030-01-15      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| QUIKRETE HOLDINGS INC                           | Quikrete Holdings Inc                                                            | CUSIP: 74843PAA8<br>LEI: 5493007KIN86DIZWZT22 | Long             | DBT              | CORP              | US        |  18335000 | PA      | $18992199.74  | 0.40%             | 2032-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| AFFIRM HOLDINGS INC                             | Affirm Holdings Inc                                                              | CUSIP: 00827BAC0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   8600000 | PA      | $9339600.00   | 0.20%             | 2029-12-15      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| CYBERARK SOFTWARE LTD                           | CyberArk Software Ltd                                                            | CUSIP: 23248VAC9<br>LEI: 529900YEXNDM894PWS93 | Long             | DBT              | CORP              | IL        |  16735000 | PA      | $18582512.54  | 0.39%             | 2030-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| NCL CORPORATION LTD                             | NCL Corp Ltd                                                                     | CUSIP: 62886HBW0<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | BM        |  10740000 | PA      | $10833975.00  | 0.23%             | 2030-09-15      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| Home Depot Inc/The                              | Home Depot Inc/The                                                               | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |     59340 | NS      | $24043974.60  | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| DuPont de Nemours Inc                           | DuPont de Nemours Inc                                                            | CUSIP: 26614N102<br>LEI: 5493004JF0SDFLM8GD76 | Long             | EC               | CORP              | US        |     69403 | NS      | $5406493.70   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Eaton Corp PLC                                  | Eaton Corp PLC                                                                   | CUSIP: 000000000<br>LEI: 549300VDIGTMXUNT7H71 | Long             | EC               | CORP              | IE        |     43840 | NS      | $16407120.00  | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| CBOE GLOBAL MARKETS, INC.                       | BROADCOM INC                                                                     | CUSIP: 000000000<br>LEI: 529900RLNSGA90UPEH54 | N/A              | DE               | CORP              | US        |      -677 | NC      | $-30465.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| NEXSTAR MEDIA INC                               | Nexstar Media Inc                                                                | CUSIP: 65336YAN3<br>LEI: 5493006PK6I4I2OOT688 | Long             | DBT              | CORP              | US        |   5800000 | PA      | $5661045.34   | 0.12%             | 2028-11-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| MEDLINE BORROWER/MEDL CO                        | Medline Borrower LP/Medline Co-Issuer Inc                                        | CUSIP: 58506DAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5690000 | PA      | $5834552.52   | 0.12%             | 2029-04-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| NUTANIX INC                                     | Nutanix Inc                                                                      | CUSIP: 67059NAJ7<br>LEI: 549300X7J6E8TKVIXW09 | Long             | DBT              | CORP              | US        |  11340000 | PA      | $12765463.06  | 0.27%             | 2029-12-15      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| CITIGROUP GLOBAL MARKETS                        | Citigroup Global Markets Holdings Inc/United States                              | CUSIP: 17291LXA8<br>LEI: 82VOJDD5PTRDMVVMGV31 | Long             | DBT              | CORP              | US        |  15860000 | PA      | $19506214.00  | 0.41%             | 2027-09-28      | Fixed         | 1.25%                 | No            |                  3 | On Loan: No      |
| PRA GROUP INC                                   | PRA Group Inc                                                                    | CUSIP: 69354NAE6<br>LEI: 549300Q5HW3JSSB86K27 | Long             | DBT              | CORP              | US        |   5285000 | PA      | $5405545.57   | 0.11%             | 2028-02-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| OWENS-BROCKWAY                                  | Owens-Brockway Glass Container Inc                                               | CUSIP: 69073TAU7<br>LEI: V2UQUCDZJ9WY98W8QU33 | Long             | DBT              | CORP              | US        |   9155000 | PA      | $9319570.28   | 0.19%             | 2031-05-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| BRIGHTSPRING HEALTH SERV                        | BrightSpring Health Services Inc                                                 | CUSIP: 10950A205<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    137645 | NS      | $13914533.05  | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| BOMBARDIER INC                                  | Bombardier Inc                                                                   | CUSIP: 097751CC3<br>LEI: W7L3VLU8EHQY34Z36697 | Long             | DBT              | CORP              | CA        |   6530000 | PA      | $6825044.92   | 0.14%             | 2032-06-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| PARSONS CORP                                    | Parsons Corp                                                                     | CUSIP: 70202LAD4<br>LEI: 549300ZXH0VRBSEPX752 | Long             | DBT              | CORP              | US        |  13700000 | PA      | $15618000.00  | 0.33%             | 2029-03-01      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| LUMEN TECHNOLOGIES INC                          | Lumen Technologies Inc                                                           | CUSIP: 550241AA1<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | DBT              | CORP              | US        |  23075000 | PA      | $21146063.37  | 0.44%             | 2029-06-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| WELLTOWER OP LLC                                | Welltower OP LLC                                                                 | CUSIP: 95041AAD0<br>LEI: T6IZ0MBEG5ACZDTR7D06 | Long             | DBT              | CORP              | US        |  27855000 | PA      | $40905067.50  | 0.86%             | 2029-07-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| JAZZ SECURITIES DAC                             | Jazz Securities DAC                                                              | CUSIP: 47216FAA5<br>LEI: 6354009DV8VV7K6KOO02 | Long             | DBT              | CORP              | IE        |   8825000 | PA      | $8597635.35   | 0.18%             | 2029-01-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE, INC.                 | NVIDIA CORP                                                                      | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DE               | CORP              | US        |     -3794 | NC      | $-125202.00   | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| BLOCK INC                                       | Block Inc                                                                        | CUSIP: 852234AK9<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |   2860000 | PA      | $2601170.00   | 0.05%             | 2027-11-01      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| OCCIDENTAL PETROLEUM COR                        | Occidental Petroleum Corp                                                        | CUSIP: 674599EA9<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |   6600000 | PA      | $7625237.40   | 0.16%             | 2030-07-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| DELUXE CORP                                     | Deluxe Corp                                                                      | CUSIP: 248019AU5<br>LEI: KWGNKB8TX9LE5TV29231 | Long             | DBT              | CORP              | US        |   5540000 | PA      | $5527050.25   | 0.12%             | 2029-06-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| AVIS BUDGET CAR/FINANCE                         | Avis Budget Car Rental LLC / Avis Budget Finance Inc                             | CUSIP: 053773BH9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  10660000 | PA      | $11027983.20  | 0.23%             | 2031-02-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| GUIDEWIRE SOFTWARE INC                          | Guidewire Software Inc                                                           | CUSIP: 40171VAB6<br>LEI: 549300WXSG0J8IXZCK32 | Long             | DBT              | CORP              | US        |  12170000 | PA      | $14153990.15  | 0.30%             | 2029-11-01      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| PENNYMAC FIN SVCS INC                           | PennyMac Financial Services Inc                                                  | CUSIP: 70932MAD9<br>LEI: 549300W1D516HBDEU871 | Long             | DBT              | CORP              | US        |   4860000 | PA      | $5157903.42   | 0.11%             | 2029-12-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| JAZZ INVESTMENTS I LTD                          | Jazz Investments I Ltd                                                           | CUSIP: 472145AH4<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   3190000 | PA      | $3784935.00   | 0.08%             | 2030-09-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| TRIP.COM GROUP LTD                              | Trip.com Group Ltd                                                               | CUSIP: 89677QAB3<br>LEI: 2549004RMYDSRQL4KW41 | Long             | DBT              | CORP              | KY        |   8635000 | PA      | $11005307.50  | 0.23%             | 2029-06-15      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| SPOTIFY USA INC                                 | Spotify USA Inc                                                                  | CUSIP: 84921RAB6<br>LEI: 2138008WM218QBKRII94 | Long             | DBT              | CORP              | US        |  11550000 | PA      | $15783075.00  | 0.33%             | 2026-03-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SM ENERGY CO                                    | SM Energy Co                                                                     | CUSIP: 78454LAX8<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | DBT              | CORP              | US        |   6495000 | PA      | $6526130.54   | 0.14%             | 2029-08-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                          | CCO Holdings LLC / CCO Holdings Capital Corp                                     | CUSIP: 1248EPCS0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  13135000 | PA      | $13315422.36  | 0.28%             | 2029-09-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| MEDLINE BORROWER LP                             | Medline Borrower LP                                                              | CUSIP: 62482BAB8<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |  11095000 | PA      | $10999063.75  | 0.23%             | 2029-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| REPLIGEN CORP                                   | Repligen Corp                                                                    | CUSIP: 759916AD1<br>LEI: 54930006QJ0T5AUO1E71 | Long             | DBT              | CORP              | US        |   5540000 | PA      | $5556620.00   | 0.12%             | 2028-12-15      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Regeneron Pharmaceuticals Inc                   | Regeneron Pharmaceuticals Inc                                                    | CUSIP: 75886F107<br>LEI: 549300RCBFWIRX3HYQ56 | Long             | EC               | CORP              | US        |      7325 | NS      | $4118627.75   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| FRONTIER COMMUNICATIONS                         | Frontier Communications Holdings LLC                                             | CUSIP: 35906ABF4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  10165000 | PA      | $10142138.10  | 0.21%             | 2028-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GTT COMMUNICATIONS                              | GTT COMMUNICATIONS                                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8647 | NS      | $157090.05    | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| REXFORD INDUSTRIAL REALT                        | Rexford Industrial Realty LP                                                     | CUSIP: 76169XAD6<br>LEI: 549300028US163ELJN70 | Long             | DBT              | CORP              | US        |  14135000 | PA      | $14120865.00  | 0.30%             | 2027-03-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| IRHYTHM TECHNOLOGIES INC                        | iRhythm Technologies Inc                                                         | CUSIP: 450056AB2<br>LEI: 549300FJI72RJGDQS384 | Long             | DBT              | CORP              | US        |   6590000 | PA      | $9041480.00   | 0.19%             | 2029-09-01      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| SEA LTD                                         | Sea Ltd                                                                          | CUSIP: 81141RAG5<br>LEI: 529900OM6JLLW44YKI15 | Long             | DBT              | CORP              | KY        |  13325000 | PA      | $12761352.50  | 0.27%             | 2026-09-15      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| AMER SPORTS COMPANY                             | Amer Sports Co                                                                   | CUSIP: 02352NAA7<br>LEI: 549300NRKH9WF70VFC95 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $4165720.00   | 0.09%             | 2031-02-16      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Parker-Hannifin Corp                            | Parker-Hannifin Corp                                                             | CUSIP: 701094104<br>LEI: 5493002CONDB4N2HKI23 | Long             | EC               | CORP              | US        |     15125 | NS      | $11467018.75  | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| CENTRUS ENERGY CORP                             | Centrus Energy Corp                                                              | CUSIP: 15643UAF1<br>LEI: 549300G6VDK9G8276661 | Long             | DBT              | CORP              | US        |   8960000 | PA      | $13820800.00  | 0.29%             | 2032-08-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CIPHER MINING                                   | Cipher Mining Inc                                                                | CUSIP: 17253JAB2<br>LEI: 254900QABG5HCQZ28A17 | Long             | DBT              | CORP              | US        |   9700000 | PA      | $10662815.19  | 0.22%             | 2031-10-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| CLOUDFLARE INC                                  | Cloudflare Inc                                                                   | CUSIP: 18915MAE7<br>LEI: 5493007DY18BGNLDWU14 | Long             | DBT              | CORP              | US        |   6245000 | PA      | $7091197.50   | 0.15%             | 2030-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| KKR & CO INC                                    | KKR & Co Inc                                                                     | CUSIP: 48251W500<br>LEI: 54930013V5I303TF9571 | Long             | EP               | CORP              | US        |    304810 | NS      | $15956803.50  | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| FRONTIER COMMUNICATIONS                         | Frontier Communications Holdings LLC                                             | CUSIP: 35908MAD2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3920000 | PA      | $4095008.40   | 0.09%             | 2030-05-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| ADIENT GLOBAL HOLDINGS                          | Adient Global Holdings Ltd                                                       | CUSIP: 00687YAD7<br>LEI: 213800VA38VCKE6M8790 | Long             | DBT              | CORP              | JE        |   9765000 | PA      | $10111316.70  | 0.21%             | 2033-02-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                                  | NRG Energy Inc                                                                   | CUSIP: 629377DD1<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |  17080000 | PA      | $17082453.20  | 0.36%             | 2036-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY FIN LLC                          | Morgan Stanley Finance LLC                                                       | CUSIP: 61776RZY3<br>LEI: 5493003FCPSE9RKT4B56 | Long             | DBT              | CORP              | US        |   5795000 | PA      | $9546683.00   | 0.20%             | 2027-09-28      | Fixed         | 1.25%                 | No            |                  3 | On Loan: No      |
| COBALT INTERNATIONAL                            | COBALT INTERNATIONAL                                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   9216000 | PA      | $0.92         | 0.00%             | 2024-12-01      | Fixed         | 7.75%                 | No            |                  3 | On Loan: No      |
| ENPHASE ENERGY INC                              | Enphase Energy Inc                                                               | CUSIP: 29355AAK3<br>LEI: 5493008U7KIGMI59Z314 | Long             | DBT              | CORP              | US        |   4290000 | PA      | $3715533.78   | 0.08%             | 2028-03-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| McKesson Corp                                   | McKesson Corp                                                                    | CUSIP: 58155Q103<br>LEI: 549300WZWOM80UCFSF54 | Long             | EC               | CORP              | US        |     23795 | NS      | $18382589.30  | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| EXACT SCIENCES CORP                             | Exact Sciences Corp                                                              | CUSIP: 30063PAB1<br>LEI: 549300VM3X1FYD4N9Z14 | Long             | DBT              | CORP              | US        |   8110000 | PA      | $7781545.00   | 0.16%             | 2027-03-15      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| GRAY MEDIA INC                                  | Gray Media Inc                                                                   | CUSIP: 389286AA3<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |  14095000 | PA      | $10587283.63  | 0.22%             | 2031-11-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| SIRIUS XM RADIO LLC                             | Sirius XM Radio LLC                                                              | CUSIP: 82967NBC1<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |   8845000 | PA      | $8847034.35   | 0.19%             | 2029-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| GOODYEAR TIRE & RUBBER                          | Goodyear Tire & Rubber Co/The                                                    | CUSIP: 382550BS9<br>LEI: 5493002BI0S2ZQUY3437 | Long             | DBT              | CORP              | US        |   6805000 | PA      | $6904756.20   | 0.14%             | 2030-07-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| CHEMOURS CO                                     | Chemours Co/The                                                                  | CUSIP: 163851AJ7<br>LEI: 549300M1BOLNXL8DOV14 | Long             | DBT              | CORP              | US        |  14910000 | PA      | $14830446.20  | 0.31%             | 2033-01-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Freeport-McMoRan Inc                            | Freeport-McMoRan Inc                                                             | CUSIP: 35671D857<br>LEI: 549300IRDTHJQ1PVET45 | Long             | EC               | CORP              | US        |    210700 | NS      | $8263654.00   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Wolfspeed Inc                                   | WOLFSPEED INC SR SEC GLBL 31                                                     | CUSIP: 977852AQ5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1993000 | PA      | $1820091.32   | 0.04%             | 2031-06-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| CCF HOLDINGS LLC CLASS M EQUITY                 | CCF HOLDINGS LLC CLASS M EQUITY                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1759917 | NS      | $123194.19    | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| STATION CASINOS LLC                             | Station Casinos LLC                                                              | CUSIP: 857691AJ8<br>LEI: 5493004E7Q60TX54WL62 | Long             | DBT              | CORP              | US        |  10850000 | PA      | $11145597.40  | 0.23%             | 2032-03-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| CBOE GLOBAL MARKETS, INC.                       | WALMART INC                                                                      | CUSIP: 000000000<br>LEI: 529900RLNSGA90UPEH54 | N/A              | DE               | CORP              | US        |     -1410 | NC      | $-15510.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| SPRINT LLC                                      | Sprint LLC                                                                       | CUSIP: 85207UAK1<br>LEI: 549300ZTTY7CXOLJ6539 | Long             | DBT              | CORP              | US        |   7435000 | PA      | $7451613.88   | 0.16%             | 2026-03-01      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| SBA COMMUNICATIONS CORP                         | SBA Communications Corp                                                          | CUSIP: 78410GAG9<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | DBT              | CORP              | US        |  11135000 | PA      | $10414695.78  | 0.22%             | 2029-02-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| AMERICAN AXLE & MFG INC                         | American Axle & Manufacturing Inc                                                | CUSIP: 02406PBC3<br>LEI: RY5TAKFOBLDUGX31MS24 | Long             | DBT              | CORP              | US        |   2390000 | PA      | $2385964.65   | 0.05%             | 2032-10-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| SHIFT4 PAYMENTS INC                             | Shift4 Payments Inc                                                              | CUSIP: 82452J307<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     53645 | NS      | $5089301.15   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| HUDBAY MINERALS INC                             | Hudbay Minerals Inc                                                              | CUSIP: 443628AH5<br>LEI: 894500LX3TMESP27BE29 | Long             | DBT              | CORP              | CA        |   4675000 | PA      | $4713154.97   | 0.10%             | 2029-04-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| LIGAND PHARMACEUTICALS I                        | Ligand Pharmaceuticals Inc                                                       | CUSIP: 53220KAG3<br>LEI: 5493008K7TB0IKP37H79 | Long             | DBT              | CORP              | US        |  11235000 | PA      | $12645594.47  | 0.26%             | 2030-10-01      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| CLOVIS LIQUIDATION TRUST UNITS                  | CLOVIS LIQUIDATION TRUST UNITS                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   4474067 | NS      | $67111.01     | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| CLOUDFLARE INC                                  | Cloudflare Inc                                                                   | CUSIP: 18915MAC1<br>LEI: 5493007DY18BGNLDWU14 | Long             | DBT              | CORP              | US        |  10835000 | PA      | $13497148.01  | 0.28%             | 2026-08-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| USA COM PART/USA COM FIN                        | USA Compression Partners LP / USA Compression Finance Corp                       | CUSIP: 91740PAG3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6325000 | PA      | $6523124.30   | 0.14%             | 2029-03-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| BOFA FINANCE LLC                                | BofA Finance LLC                                                                 | CUSIP: 09711GKA2<br>LEI: 549300CGZYSEY3ZSIW16 | Long             | DBT              | CORP              | US        |  13975000 | PA      | $14106365.00  | 0.30%             | 2028-03-17      | Fixed         | 1.00%                 | No            |                  3 | On Loan: No      |
| Intercontinental Exchange Inc                   | Intercontinental Exchange Inc                                                    | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |     73110 | NS      | $12317572.80  | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| BATH & BODY WORKS INC                           | Bath & Body Works Inc                                                            | CUSIP: 501797AW4<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | DBT              | CORP              | US        |   9455000 | PA      | $9665818.14   | 0.20%             | 2030-10-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE FINANCIAL                        | JPMorgan Chase Financial Co LLC                                                  | CUSIP: 48134XLM5<br>LEI: 549300NJFDJOFYVV6789 | Long             | DBT              | CORP              | US        |  10100000 | PA      | $13244130.00  | 0.28%             | 2027-03-15      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| KENNEDY-WILSON INC                              | Kennedy-Wilson Inc                                                               | CUSIP: 489399AM7<br>LEI: 5EA4464UK7FM5QNNKL62 | Long             | DBT              | CORP              | US        |  12550000 | PA      | $11674168.51  | 0.24%             | 2031-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY                           | Wells Fargo & Co                                                                 | CUSIP: 949746804<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EP               | CORP              | US        |     35545 | NS      | $43872838.05  | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| GUARDANT HEALTH INC                             | Guardant Health Inc                                                              | CUSIP: 40131MAD1<br>LEI: 254900M8C3E5VC8BR186 | Long             | DBT              | CORP              | US        |  11120000 | PA      | $14450616.70  | 0.30%             | 2031-02-15      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| AVIS BUDGET CAR/FINANCE                         | Avis Budget Car Rental LLC / Avis Budget Finance Inc                             | CUSIP: 053773BK2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3710000 | PA      | $3880478.21   | 0.08%             | 2032-06-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| Dollar Tree Inc                                 | Dollar Tree Inc                                                                  | CUSIP: 256746108<br>LEI: 549300PMSTQITB1WHR43 | Long             | EC               | CORP              | US        |     80185 | NS      | $7567058.45   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Cisco Systems Inc                               | Cisco Systems Inc                                                                | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |    294495 | NS      | $20149347.90  | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| TRANSOCEAN INC                                  | Transocean International Ltd                                                     | CUSIP: 893830BZ1<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | BM        |  15705000 | PA      | $15391381.99  | 0.32%             | 2031-05-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Danaher Corp                                    | Danaher Corp                                                                     | CUSIP: 235851102<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | EC               | CORP              | US        |     22220 | NS      | $4405337.20   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| DIGITAL REALTY TRUST LP                         | Digital Realty Trust LP                                                          | CUSIP: 25389JAX4<br>LEI: CD4SPTZ3YBTHY0C1AH38 | Long             | DBT              | CORP              | US        |  14425000 | PA      | $15146250.00  | 0.32%             | 2029-11-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC                        | Celanese US Holdings LLC                                                         | CUSIP: 15089QBA1<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |  14715000 | PA      | $14652916.68  | 0.31%             | 2033-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| SUNOCO LP                                       | Sunoco LP                                                                        | CUSIP: 86765KAD1<br>LEI: 54930001NJU8E40NQ561 | Long             | DBT              | CORP              | US        |  13745000 | PA      | $13990241.45  | 0.29%             | 2033-07-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| WESCO DISTRIBUTION INC                          | WESCO Distribution Inc                                                           | CUSIP: 95081QAP9<br>LEI: 549300I2CEZJG9N4AH67 | Long             | DBT              | CORP              | US        |   6670000 | PA      | $6756710.00   | 0.14%             | 2028-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| VIRGIN MEDIA FINANCE PLC                        | Virgin Media Finance PLC                                                         | CUSIP: 92769VAJ8<br>LEI: 2138001LVYC87DDHT482 | Long             | DBT              | CORP              | GB        |   7505000 | PA      | $6970701.79   | 0.15%             | 2030-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TENNECO INC                                     | Tenneco Inc                                                                      | CUSIP: 880349AU9<br>LEI: 549300U0EXXFAQFAD785 | Long             | DBT              | CORP              | US        |   5295000 | PA      | $5304666.87   | 0.11%             | 2028-11-17      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| LUCID GROUP INC                                 | Lucid Group Inc                                                                  | CUSIP: 549498AA1<br>LEI: 529900MRL9Z13ZCRVD74 | Long             | DBT              | CORP              | US        |  10380000 | PA      | $9653400.00   | 0.20%             | 2026-12-15      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| INTERCONTINENTAL EXCHANGE, INC.                 | META PLATFORMS INC                                                               | CUSIP: 000000000<br>LEI: 5493000F4ZO33MV32P92 | N/A              | DE               | CORP              | US        |      -464 | NC      | $-9744.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| AXON ENTERPRISE INC                             | Axon Enterprise Inc                                                              | CUSIP: 05464CAC5<br>LEI: 549300QP2IEEGFE16681 | Long             | DBT              | CORP              | US        |   6070000 | PA      | $6234056.74   | 0.13%             | 2030-03-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| BLOCK INC                                       | Block Inc                                                                        | CUSIP: 852234AJ2<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |  19765000 | PA      | $19191815.00  | 0.40%             | 2026-05-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| LIGHT & WONDER INTL INC                         | Light & Wonder International Inc                                                 | CUSIP: 531968AA3<br>LEI: RLTHESQ0RNFQJWPBJN60 | Long             | DBT              | CORP              | US        |   4775000 | PA      | $4965799.45   | 0.10%             | 2031-09-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| AKAMAI TECHNOLOGIES INC                         | Akamai Technologies Inc                                                          | CUSIP: 00971TAN1<br>LEI: OC1LZNN2LF5WTJ5RIL89 | Long             | DBT              | CORP              | US        |  10045000 | PA      | $9422210.00   | 0.20%             | 2029-02-15      | Fixed         | 1.12%                 | No            |                  2 | On Loan: No      |
| ALNYLAM PHARMACEUTICALS                         | Alnylam Pharmaceuticals Inc                                                      | CUSIP: 02043QAB3<br>LEI: 529900S3ZI14OWRJII50 | Long             | DBT              | CORP              | US        |  15640000 | PA      | $25704340.00  | 0.54%             | 2027-09-15      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| SHIFT4 PAYMENTS INC                             | Shift4 Payments Inc                                                              | CUSIP: 82452JAD1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7550000 | PA      | $7429822.88   | 0.16%             | 2027-08-01      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| Walmart Inc                                     | Walmart Inc                                                                      | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |    282025 | NS      | $29065496.50  | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Moody's Corp                                    | Moody's Corp                                                                     | CUSIP: 615369105<br>LEI: 549300GCEDD8YCF5WU84 | Long             | EC               | CORP              | US        |     28665 | NS      | $13658299.20  | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Xylem Inc/NY                                    | Xylem Inc/NY                                                                     | CUSIP: 98419M100<br>LEI: 549300DF5MV96DRYLQ48 | Long             | EC               | CORP              | US        |     56490 | NS      | $8332275.00   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Analog Devices Inc                              | Analog Devices Inc                                                               | CUSIP: 032654105<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | EC               | CORP              | US        |     66380 | NS      | $16309566.00  | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| LUMENTUM HOLDINGS INC                           | Lumentum Holdings Inc                                                            | CUSIP: 55024UAJ8<br>LEI: 549300JLWRRC38DWEF52 | Long             | DBT              | CORP              | US        |  23155000 | PA      | $26581940.00  | 0.56%             | 2032-03-15      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| DATADOG INC                                     | Datadog Inc                                                                      | CUSIP: 23804LAC7<br>LEI: 549300F6JNO0KRPO1K63 | Long             | DBT              | CORP              | US        |  18520000 | PA      | $18334800.00  | 0.38%             | 2029-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| EQUIPMENTSHARE.COM INC                          | EquipmentShare.com Inc                                                           | CUSIP: 29450YAC3<br>LEI: 254900PWJK48CGPKPI80 | Long             | DBT              | CORP              | US        |  10585000 | PA      | $11312634.07  | 0.24%             | 2033-03-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| CoStar Group Inc                                | CoStar Group Inc                                                                 | CUSIP: 22160N109<br>LEI: 984500Q1D53D08E2E698 | Long             | EC               | CORP              | US        |    130490 | NS      | $11009441.30  | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                                    | Alphabet Inc                                                                     | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |    235270 | NS      | $57194137.00  | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| GOLAR LNG LTD                                   | Golar LNG Ltd                                                                    | CUSIP: 38046YAC5<br>LEI: 213800C2VSFZG3EZLO34 | Long             | DBT              | CORP              | BM        |   8280000 | PA      | $8362800.00   | 0.17%             | 2030-12-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| Crowdstrike Holdings Inc                        | Crowdstrike Holdings Inc                                                         | CUSIP: 22788C105<br>LEI: 549300YBY08K9KM4HX32 | Long             | EC               | CORP              | US        |      8440 | NS      | $4138807.20   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| ON SEMICONDUCTOR CORP                           | ON Semiconductor Corp                                                            | CUSIP: 682189AU9<br>LEI: ZV20P4CNJVT8V1ZGJ064 | Long             | DBT              | CORP              | US        |  14930000 | PA      | $13775479.52  | 0.29%             | 2029-03-01      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| NIKE Inc                                        | NIKE Inc                                                                         | CUSIP: 654106103<br>LEI: 787RXPR0UX0O0XUXPZ81 | Long             | EC               | CORP              | US        |    102185 | NS      | $7125360.05   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| TJX Cos Inc/The                                 | TJX Cos Inc/The                                                                  | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |    119670 | NS      | $17297101.80  | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| IONIS PHARMACEUTICALS IN                        | Ionis Pharmaceuticals Inc                                                        | CUSIP: 462222AD2<br>LEI: 549300SI4ZGLG0BLUZ92 | Long             | DBT              | CORP              | US        |   4570000 | PA      | $5607390.00   | 0.12%             | 2026-04-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-25

**Name of Applicant:** Virtus Investment Trust

**Signature:** Amy Hackett

**Name of Signer:** Amy Hackett

**Title:** Vice President and Assistant Treasurer