# EDGAR Filing Document

**Accession Number:** 0001005020
**File Stem:** 0000940400-25-009443
**Filing Date:** 2025-11
**Character Count:** 81471
**Document Hash:** d3018a39190b608c3d0632d84931939a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-25-009443.hdr.sgml**: 20251124

**ACCESSION NUMBER**: 0000940400-25-009443

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251124

**DATE AS OF CHANGE**: 20251124

**PERIOD START**: 20250930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VIRTUS OPPORTUNITIES TRUST
- **CENTRAL INDEX KEY:** 0001005020

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07455
- **FILM NUMBER:** 251512167

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

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

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

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

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

## Series and Classes Contracts Data

### Virtus Newfleet High Yield Fund (Series ID: S000018005)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000049912 | Class C      | PGHCX           |
| C000049913 | Class A      | PHCHX           |
| C000119169 | Class I      | PHCIX           |
| C000176708 | Class R6     | VRHYX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Virtus Opportunities Trust

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

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

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

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

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

  - **City:** Greenfield

  - **State:** MA

  - **Foreign country:** US

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

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

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

- **a. Name of Series:** Virtus Newfleet High Yield Fund

- **b. EDGAR series identifier (if any):** S000018005

- **c. LEI of Series:** 549300XGFYCIOT3R2842

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $51387587.87

**Total Liabilities:** $1658573.12

**Net Assets:** $49729014.75

**Delayed Delivery Securities:** $55000.00

**Cash Not Reported:** $1620206.94

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** -411.67090420 | **10-Year:** -1179.41982400 | **30-Year:** -2465.76147800

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

- **3-Month:** 0.00000000 | **1-Year:** -69.10104604 | **5-Year:** -4837.89048700 | **10-Year:** -3477.60111800 | **30-Year:** -1890.99433700

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000049912 | 0.52%                | 0.80%                | 0.71%                |
| Class ID C000176708 | 0.61%                | 0.89%                | 0.79%                |
| Class ID C000049913 | 0.84%                | 0.86%                | 0.76%                |
| Class ID C000119169 | 0.86%                | 0.88%                | 0.78%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $67779.78                | $-35968.99                                 |
| Month 2  | $-466101.43              | $657416.75                                 |
| Month 3  | $40575.09                | $45534.15                                  |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| CHART INDUSTRIES INC                  | Chart Industries Inc                                                     | CUSIP: 16115QAG5<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | DBT              | CORP              | US        |    275000 | PA      | $294623.18    | 0.59%             | 2031-01-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                       | CVS Health Corp                                                          | CUSIP: 126650EG1<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    240000 | PA      | $247736.40    | 0.50%             | 2054-12-10      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| MAXAM PRILL SARL                      | Maxam Prill Sarl                                                         | CUSIP: 57779MAA8<br>LEI: 984500C4C5B820A6B691 | Long             | DBT              | CORP              | LU        |    200000 | PA      | $201336.75    | 0.40%             | 2030-07-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| INTERNATIONAL PETROLEUM               | International Petroleum Corp                                             | CUSIP: 000000000<br>LEI: 54930025D80LU0SMR645 | Long             | DBT              | CORP              | CA        |    500000 | PA      | $507235.22    | 1.02%             | 2027-02-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| SOUTH BOW CAN INFRA HOLD              | South Bow Canadian Infrastructure Holdings Ltd                           | CUSIP: 836720AJ1<br>LEI: 2549004FYUSYLPBT1G26 | Long             | DBT              | CORP              | CA        |    390000 | PA      | $414126.57    | 0.83%             | 2055-03-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| INEOS QUATTRO FINANCE 2               | INEOS Quattro Finance 2 Plc                                              | CUSIP: 45674GAB0<br>LEI: 213800V48W4Y5MT5Q131 | Long             | DBT              | CORP              | GB        |    355000 | PA      | $351279.33    | 0.71%             | 2029-03-15      | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| FERRELLGAS LP/FERRELLGAS              | Ferrellgas LP / Ferrellgas Finance Corp                                  | CUSIP: 315289AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    305000 | PA      | $301926.85    | 0.61%             | 2026-04-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| CORONADO FINANCE PTY LTD              | Coronado Finance Pty Ltd                                                 | CUSIP: 21979LAB2<br>LEI: 549300NS5FS0W548RE27 | Long             | DBT              | CORP              | AU        |    270000 | PA      | $237690.69    | 0.48%             | 2029-10-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: —       |
| POST HOLDINGS INC                     | Post Holdings Inc                                                        | CUSIP: 737446AV6<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |    230000 | PA      | $232141.07    | 0.47%             | 2033-03-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| ALBION FINANCING 1SARL /              | Albion Financing 1 SARL / Aggreko Holdings Inc                           | CUSIP: 01330AAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |    245000 | PA      | $253403.50    | 0.51%             | 2030-05-21      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CLOUD SOFTWARE GRP INC                | Cloud Software Group Inc                                                 | CUSIP: 18912UAA0<br>LEI: 04EEB871XLHVNY4RZJ65 | Long             | DBT              | CORP              | US        |    280000 | PA      | $290417.79    | 0.58%             | 2029-09-30      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| ACRISURE LLC / FIN INC                | Acrisure LLC / Acrisure Finance Inc                                      | CUSIP: 00489LAK9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    165000 | PA      | $172212.48    | 0.35%             | 2029-02-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| GLOBAL ATLANTIC FIN CO                | Global Atlantic Fin Co                                                   | CUSIP: 37959GAG2<br>LEI: 98450051B2E65CAA7E94 | Long             | DBT              | CORP              | US        |    125000 | PA      | $132261.13    | 0.27%             | 2054-10-15      | Fixed         | 7.95%                 | No            |                  2 | On Loan: No      |
| AES CORP/THE                          | AES Corp/The                                                             | CUSIP: 00130HCK9<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | DBT              | CORP              | US        |    250000 | PA      | $258964.00    | 0.52%             | 2055-01-15      | Fixed         | 7.60%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                    | Energy Transfer LP                                                       | CUSIP: 29273VAM2<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    160000 | PA      | $165327.52    | 0.33%             | N/A             | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                    | Energy Transfer LP                                                       | CUSIP: 29273VAN0<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    495000 | PA      | $496846.35    | 1.00%             | N/A             | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| INTEL CORP                            | Intel Corp                                                               | CUSIP: 458140BK5<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |    450000 | PA      | $266663.19    | 0.54%             | 2060-02-15      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| WINDSOR HOLDINGS III LLC              | Windsor Holdings III LLC                                                 | CUSIP: 97360AAA5<br>LEI: 254900IXUJZ9H146T437 | Long             | DBT              | CORP              | US        |    234000 | PA      | $247363.50    | 0.50%             | 2030-06-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                         | TransDigm Inc                                                            | CUSIP: 893647BS5<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    300000 | PA      | $310840.50    | 0.63%             | 2030-12-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| FTAI AVIATION INVESTORS               | FTAI Aviation Investors LLC                                              | CUSIP: 34960PAG6<br>LEI: 529900E7PUVK6BC8PE80 | Long             | DBT              | CORP              | US        |     50000 | PA      | $52326.10     | 0.11%             | 2032-06-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                | Venture Global LNG Inc                                                   | CUSIP: 92332YAD3<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |    500000 | PA      | $544361.60    | 1.09%             | 2032-02-01      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| ASCENT RESOURCES/ARU FIN              | Ascent Resources Utica Holdings LLC / ARU Finance Corp                   | CUSIP: 04364VBA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    240000 | PA      | $243998.75    | 0.49%             | 2033-07-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| ACRISURE LLC / FIN INC                | Acrisure LLC / Acrisure Finance Inc                                      | CUSIP: 00489LAH6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    450000 | PA      | $443595.20    | 0.89%             | 2029-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| POST HOLDINGS INC                     | Post Holdings Inc                                                        | CUSIP: 737446AU8<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |    200000 | PA      | $205615.65    | 0.41%             | 2032-02-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL CALCASIEU              | Venture Global Calcasieu Pass LLC                                        | CUSIP: 92328MAA1<br>LEI: 549300GKHS6RS20NLH85 | Long             | DBT              | CORP              | US        |     30000 | PA      | $28750.07     | 0.06%             | 2029-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE HOLDING SA              | Altice France Holding SA                                                 | CUSIP: 02156TAA2<br>LEI: 5299000JVHXKJPOE6H40 | Long             | DBT              | CORP              | LU        |    405000 | PA      | $143650.13    | 0.29%             | 2028-02-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| LADDER CAP FIN LLLP/CORP              | Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp       | CUSIP: 505742AM8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    485000 | PA      | $480716.64    | 0.97%             | 2027-02-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                           | BNP Paribas SA                                                           | CUSIP: 05602XQQ4<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |    500000 | PA      | $521873.50    | 1.05%             | N/A             | Fixed         | 7.45%                 | No            |                  2 | On Loan: No      |
| ROCKET SOFTWARE INC                   | Rocket Software Inc                                                      | CUSIP: 77314EAB4<br>LEI: 549300PVG26ISP5X1556 | Long             | DBT              | CORP              | US        |    230000 | PA      | $237089.06    | 0.48%             | 2028-11-28      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| SOLSTICE ADVANCED MATERI              | Solstice Advanced Materials Inc                                          | CUSIP: 83443QAA1<br>LEI: 2138004GZ4H9TW6HK435 | Long             | DBT              | CORP              | US        |     15000 | PA      | $15049.56     | 0.03%             | 2033-09-30      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| NEW HOME CO INC/THE                   | New Home Co Inc/The                                                      | CUSIP: 645370AF4<br>LEI: 549300PLCE8TB3TVRQ85 | Long             | DBT              | CORP              | US        |    215000 | PA      | $225757.31    | 0.45%             | 2029-10-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| SCIENCE APPLICATIONS INT              | Science Applications International Corp                                  | CUSIP: 808625AA5<br>LEI: 549300LZPNZIXQGZPZ48 | Long             | DBT              | CORP              | US        |    435000 | PA      | $430596.93    | 0.87%             | 2028-04-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| TRANSOCEAN INC                        | Transocean International Ltd                                             | CUSIP: 893830BZ1<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | BM        |    110000 | PA      | $107803.38    | 0.22%             | 2031-05-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| MAGNOLIA OIL GAS/MAG FIN              | Magnolia Oil & Gas Operating LLC / Magnolia Oil & Gas Finance Corp       | CUSIP: 559665AB0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    465000 | PA      | $477189.98    | 0.96%             | 2032-12-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                          | UBS Group AG                                                             | CUSIP: 902613BF4<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |     80000 | PA      | $88121.12     | 0.18%             | N/A             | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| GULFPORT ENERGY OP CORP               | Gulfport Energy Operating Corp                                           | CUSIP: 402635AT3<br>LEI: 549300FJX18IDUFPHD40 | Long             | DBT              | CORP              | US        |    140000 | PA      | $143667.10    | 0.29%             | 2029-09-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ALEXANDER FUND TRUST II               | Alexander Funding Trust II                                               | CUSIP: 014916AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    285000 | PA      | $304741.28    | 0.61%             | 2028-07-31      | Fixed         | 7.47%                 | No            |                  2 | On Loan: No      |
| CHURCHILL DOWNS INC                   | Churchill Downs Inc                                                      | CUSIP: 171484AJ7<br>LEI: 529900FODTBQC8MIS994 | Long             | DBT              | CORP              | US        |    290000 | PA      | $297208.01    | 0.60%             | 2031-05-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| AMN HEALTHCARE INC                    | AMN Healthcare Inc                                                       | CUSIP: 00175PAD5<br>LEI: 549300H27NUKBFFQEE84 | Long             | DBT              | CORP              | US        |      5000 | PA      | $5015.45      | 0.01%             | 2031-01-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| LIBERTY MUTUAL GROUP INC              | Liberty Mutual Group Inc                                                 | CUSIP: 53079EBM5<br>LEI: QUR0DG15Z6FFGYCHH861 | Long             | DBT              | CORP              | US        |    555000 | PA      | $545117.21    | 1.10%             | 2051-12-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| ION TRADING TECHNOLOGIES              | ION Trading Technologies Sarl                                            | CUSIP: 46205YAB7<br>LEI: 5493009ZVXOKZLQ6QJ12 | Long             | DBT              | CORP              | LU        |    200000 | PA      | $211234.82    | 0.42%             | 2029-05-30      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| TELESAT CANADA/TELESAT L              | Telesat Canada / Telesat LLC                                             | CUSIP: 87952VAM8<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    175000 | PA      | $86187.50     | 0.17%             | 2027-10-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ALLIANCE RES OP/FINANCE               | Alliance Resource Operating Partners LP / Alliance Resource Finance Corp | CUSIP: 01879NAC9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    270000 | PA      | $285804.99    | 0.57%             | 2029-06-15      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| ICAHN ENTERPRISES/FIN                 | Icahn Enterprises LP / Icahn Enterprises Finance Corp                    | CUSIP: 451102CK1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    210000 | PA      | $210927.70    | 0.42%             | 2029-11-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| CONSENSUS CLOUD SOLUTION              | Consensus Cloud Solutions Inc                                            | CUSIP: 20848VAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     10000 | PA      | $9980.70      | 0.02%             | 2026-10-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| TRIVIUM PACKAGING FIN                 | Trivium Packaging Finance BV                                             | CUSIP: 89686QAD8<br>LEI: 724500GMZWW3PVYET548 | Long             | DBT              | CORP              | NL        |     30000 | PA      | $32002.32     | 0.06%             | 2030-07-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| ALTICE FRANCE SA                      | Altice France SA                                                         | CUSIP: 02156LAF8<br>LEI: 5493001ZMCICV4N02J21 | Long             | DBT              | CORP              | FR        |    400000 | PA      | $341600.00    | 0.69%             | 2029-07-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| GLOBAL MEDICAL RESPONSE               | Global Medical Response Inc                                              | CUSIP: 37960BAD7<br>LEI: 549300ZFWD4ZFCEJCQ87 | Long             | DBT              | CORP              | US        |     25000 | PA      | $25732.75     | 0.05%             | 2032-10-01      | Fixed         | 7.38%                 | No            |                  2 | 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        |    355000 | PA      | $363749.33    | 0.73%             | 2032-02-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                  | Cleveland-Cliffs Inc                                                     | CUSIP: 18589GAA3<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |    140000 | PA      | $144256.70    | 0.29%             | 2034-01-15      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| CIMPRESS PLC                          | Cimpress PLC                                                             | CUSIP: 17186HAH5<br>LEI: 549300X1IFD75XISOR81 | Long             | DBT              | CORP              | IE        |    370000 | PA      | $368710.39    | 0.74%             | 2032-09-15      | Fixed         | 7.38%                 | No            |                  2 | 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       |     65000 | PA      | $66440.40     | 0.13%             | 2032-09-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| GENESIS ENERGY LP/FIN                 | Genesis Energy LP / Genesis Energy Finance Corp                          | CUSIP: 37185LAN2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    390000 | PA      | $412883.25    | 0.83%             | 2030-04-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| TASEKO MINES LTD                      | Taseko Mines Ltd                                                         | CUSIP: 876511AG1<br>LEI: 549300XKUO1JSLU7KX54 | Long             | DBT              | CORP              | CA        |    170000 | PA      | $180054.47    | 0.36%             | 2030-05-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| FORTESCUE TREASURY PTY L              | Fortescue Treasury Pty Ltd                                               | CUSIP: 30251GBD8<br>LEI: 549300EFD6S2NFE9D745 | Long             | DBT              | CORP              | AU        |    605000 | PA      | $620048.77    | 1.25%             | 2030-04-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| CAPITAL FARM CREDIT ACA               | Capital Farm Credit ACA                                                  | CUSIP: 14019TAA4<br>LEI: 254900S6K5I3OISPS518 | Long             | DBT              | CORP              | US        |    250000 | PA      | $245000.00    | 0.49%             | N/A             | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OPAL BIDCO                            | Opal Bidco SAS                                                           | CUSIP: 68348BAA1<br>LEI: 969500R96XT7XY2UJ564 | Long             | DBT              | CORP              | FR        |     30000 | PA      | $30742.38     | 0.06%             | 2032-03-31      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| BLOCK INC                             | Block Inc                                                                | CUSIP: 852234AU7<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |     65000 | PA      | $66562.60     | 0.13%             | 2033-08-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| BROADSTREET PARTNERS GRP              | Broadstreet Partners Group LLC                                           | CUSIP: 11135RAA3<br>LEI: 549300BS9N54G8DD0R75 | Long             | DBT              | CORP              | US        |    375000 | PA      | $373907.81    | 0.75%             | 2029-04-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| HARBOUR ENERGY PLC                    | Harbour Energy PLC                                                       | CUSIP: 411618AD3<br>LEI: 213800YPC42DYBKVPF97 | Long             | DBT              | CORP              | GB        |    300000 | PA      | $308074.58    | 0.62%             | 2035-04-01      | Fixed         | 6.33%                 | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS              | CHS/Community Health Systems Inc                                         | CUSIP: 12543DBK5<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |    160000 | PA      | $138359.71    | 0.28%             | 2031-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| HERC HOLDINGS INC                     | Herc Holdings Inc                                                        | CUSIP: 42704LAG9<br>LEI: 549300TP80QLITMSBP82 | Long             | DBT              | CORP              | US        |     85000 | PA      | $88731.67     | 0.18%             | 2033-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| ALTICE FINANCING SA                   | Altice Financing SA                                                      | CUSIP: 02154CAF0<br>LEI: 549300DIYGW8HVDF7Q17 | Long             | DBT              | CORP              | LU        |    695000 | PA      | $540362.50    | 1.09%             | 2028-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TRIVIUM PACKAGING FIN                 | Trivium Packaging Finance BV                                             | CUSIP: 89686QAC0<br>LEI: 724500GMZWW3PVYET548 | Long             | DBT              | CORP              | NL        |    125000 | PA      | $135292.63    | 0.27%             | 2031-01-15      | Fixed         | 12.25%                | No            |                  2 | On Loan: No      |
| ONT GAMING GTA/OTG CO-IS              | Ontario Gaming GTA LP/OTG Co-Issuer Inc                                  | CUSIP: 68306MAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    305000 | PA      | $303069.08    | 0.61%             | 2030-08-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| CATURUS ENERGY LLC                    | Caturus Energy LLC                                                       | CUSIP: 49446BAA2<br>LEI: 254900LM244SIFQ1QY31 | Long             | DBT              | CORP              | US        |    205000 | PA      | $213439.55    | 0.43%             | 2030-02-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| GLOBAL ATLANTIC FIN CO                | Global Atlantic Fin Co                                                   | CUSIP: 37959GAD9<br>LEI: 98450051B2E65CAA7E94 | Long             | DBT              | CORP              | US        |    128000 | PA      | $148327.35    | 0.30%             | 2033-06-15      | Fixed         | 7.95%                 | No            |                  2 | On Loan: No      |
| DIRECTV FINANCING LLC                 | Directv Financing LLC                                                    | CUSIP: 25461LAB8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    280000 | PA      | $277678.80    | 0.56%             | 2030-02-01      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| APOLLO DEBT SOLUTIONS BD              | Apollo Debt Solutions BDC                                                | CUSIP: 03770DAB9<br>LEI: 549300UMUGX092P8DW87 | Long             | DBT              | CORP              | US        |    425000 | PA      | $446835.04    | 0.90%             | 2029-04-13      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| Lannett Company Inc Common Stock      | Lannett Company Inc Common Stock                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2911 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| TRANSDIGM INC                         | TransDigm Inc                                                            | CUSIP: 893647BV8<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |    205000 | PA      | $211056.73    | 0.42%             | 2032-03-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| MILLENNIUM ESCROW CORP                | Millennium Escrow Corp                                                   | CUSIP: 60041CAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    470000 | PA      | $450232.90    | 0.91%             | 2026-08-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC              | Warnermedia Holdings Inc                                                 | CUSIP: 55903VBU6<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |    220000 | PA      | $163900.00    | 0.33%             | 2052-03-15      | Fixed         | 5.14%                 | No            |                  2 | On Loan: No      |
| CAPSTONE COPPER CORP                  | Capstone Copper Corp                                                     | CUSIP: 14071LAA6<br>LEI: 549300III6KGKKC42W63 | Long             | DBT              | CORP              | CA        |    320000 | PA      | $329609.28    | 0.66%             | 2033-03-31      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| NEPTUNE BIDCO US INC                  | Neptune Bidco US Inc                                                     | CUSIP: 640695AA0<br>LEI: 549300VG15T3VCYZ4531 | Long             | DBT              | CORP              | US        |    365000 | PA      | $358316.85    | 0.72%             | 2029-04-15      | Fixed         | 9.29%                 | No            |                  2 | On Loan: No      |
| DOMINION ENERGY INC                   | Dominion Energy Inc                                                      | CUSIP: 25746UDU0<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |    115000 | PA      | $124693.01    | 0.25%             | 2054-06-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| MERLIN ENTERTAINMENTS GR              | Merlin Entertainments Group US Holdings Inc                              | CUSIP: 59010UAA5<br>LEI: 549300HBQPPKS1187K54 | Long             | DBT              | CORP              | US        |    240000 | PA      | $206808.50    | 0.42%             | 2031-02-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Talos Energy Inc                      | Talos Energy Inc                                                         | CUSIP: 87484T108<br>LEI: 549300OKFHZ84SFJFT95 | Long             | EC               | CORP              | US        |      2973 | NS      | $28511.88     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| VENTURE GLOBAL LNG INC                | Venture Global LNG Inc                                                   | CUSIP: 92332YAF8<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |    260000 | PA      | $257680.70    | 0.52%             | N/A             | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| ICAHN ENTERPRISES/FIN                 | Icahn Enterprises LP / Icahn Enterprises Finance Corp                    | CUSIP: 451102BT3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     18000 | PA      | $17978.73     | 0.04%             | 2026-05-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| WEEKLEY HOMES LLC/ FINAN              | Weekley Homes LLC / Weekley Finance Corp                                 | CUSIP: 948565AD8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    485000 | PA      | $474871.45    | 0.95%             | 2028-09-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| VISTRA CORP                           | Vistra Corp                                                              | CUSIP: 92840MAB8<br>LEI: 549300KP43CPCUJOOG15 | Long             | DBT              | CORP              | US        |    278000 | PA      | $284354.52    | 0.57%             | N/A             | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| VISTAJET MALTA/VM HOLDS               | VistaJet Malta Finance PLC / Vista Management Holding Inc                | CUSIP: 92841HAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |    547000 | PA      | $569440.45    | 1.15%             | 2028-06-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: —       |
| BUCKEYE PARTNERS LP                   | Buckeye Partners LP                                                      | CUSIP: 118230AW1<br>LEI: 549300C1PQJLVEIUBK50 | Long             | DBT              | CORP              | US        |    140000 | PA      | $145410.86    | 0.29%             | 2030-02-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                          | UBS Group AG                                                             | CUSIP: 902613BE7<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    395000 | PA      | $470392.47    | 0.95%             | N/A             | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| COTY/HFC PRESTIGE/INT US              | Coty Inc/HFC Prestige Products Inc/HFC Prestige International US LLC     | CUSIP: 22207AAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    330000 | PA      | $337180.47    | 0.68%             | 2030-07-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| FORVIA SE                             | Forvia SE                                                                | CUSIP: 31209DAC9<br>LEI: 969500F0VMZLK2IULV85 | Long             | DBT              | CORP              | FR        |    230000 | PA      | $233348.55    | 0.47%             | 2033-09-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| PRIME HEALTHCARE SERVICE              | Prime Healthcare Services Inc                                            | CUSIP: 74165HAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    260000 | PA      | $270400.00    | 0.54%             | 2029-09-01      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| AMERICAN ELECTRIC POWER               | American Electric Power Co Inc                                           | CUSIP: 025537BA8<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | DBT              | CORP              | US        |    530000 | PA      | $573594.00    | 1.15%             | 2054-12-15      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| ESC NMG Parent LLC                    | ESC NMG Parent LLC                                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       116 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| LIFEPOINT HEALTH INC                  | LifePoint Health Inc                                                     | CUSIP: 53219LAX7<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | DBT              | CORP              | US        |    155000 | PA      | $162743.65    | 0.33%             | 2032-06-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| MIDCAP FINANCIAL ISSR TR              | Midcap Financial Issuer Trust                                            | CUSIP: 59567LAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    470000 | PA      | $466780.97    | 0.94%             | 2028-05-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| FTAI AVIATION INVESTORS               | FTAI Aviation Investors LLC                                              | CUSIP: 34960PAF8<br>LEI: 529900E7PUVK6BC8PE80 | Long             | DBT              | CORP              | US        |    275000 | PA      | $287665.95    | 0.58%             | 2031-05-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| BLUE OWL CREDIT INCOME                | Blue Owl Credit Income Corp                                              | CUSIP: 69120VAZ4<br>LEI: 5493003I42XBWPE05N35 | Long             | DBT              | CORP              | US        |    416000 | PA      | $437226.79    | 0.88%             | 2031-03-15      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| LIFEPOINT HEALTH INC                  | LifePoint Health Inc                                                     | CUSIP: 53219LAV1<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | DBT              | CORP              | US        |    260000 | PA      | $281563.88    | 0.57%             | 2030-08-15      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| MEDLINE BORROWER LP                   | Medline Borrower LP                                                      | CUSIP: 62482BAB8<br>LEI: 254900QT3R363TVK6F09 | Long             | DBT              | CORP              | US        |    565000 | PA      | $560114.56    | 1.13%             | 2029-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CIVITAS RESOURCES INC                 | Civitas Resources Inc                                                    | CUSIP: 17888HAB9<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |    280000 | PA      | $286863.09    | 0.58%             | 2031-07-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| MESQUITE ENERGY INC                   | MESQUITE ENERGY INC                                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    115000 | PA      | $11.50        | 0.00%             | 2023-02-15      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| ONEMAIN FINANCE CORP                  | OneMain Finance Corp                                                     | CUSIP: 682691AG5<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    405000 | PA      | $419978.12    | 0.84%             | 2031-11-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| SAKS GLOBAL ENTERPRS LLC              | Saks Global Enterprises LLC                                              | CUSIP: 79380MAC9<br>LEI: 5493007HQSJGRH78Q684 | Long             | DBT              | CORP              | US        |     97500 | PA      | $34612.50     | 0.07%             | 2029-12-15      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| PARK RIVER HOLDINGS INC               | Park River Holdings Inc                                                  | CUSIP: 70082LAC1<br>LEI: 254900PGY077KWCROT75 | Long             | DBT              | CORP              | US        |     40000 | PA      | $40506.97     | 0.08%             | 2031-03-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| SGUS LLC                              | SGUS LLC                                                                 | CUSIP: 81880AAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    125863 | PA      | $118648.03    | 0.24%             | 2029-12-15      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| PHOENIX AVIATION CAPITAL              | Phoenix Aviation Capital Ltd                                             | CUSIP: 71910DAA9<br>LEI: 8945008YQAKXZQ3VYJ15 | Long             | DBT              | CORP              | IE        |    205000 | PA      | $218102.37    | 0.44%             | 2030-07-15      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| HUGHES SATELLITE SYSTEMS              | Hughes Satellite Systems Corp                                            | CUSIP: 444454AF9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    225000 | PA      | $213963.98    | 0.43%             | 2026-08-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: —       |
| CSC HOLDINGS LLC                      | CSC Holdings LLC                                                         | CUSIP: 126307BN6<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    400000 | PA      | $336377.64    | 0.68%             | 2029-01-31      | Fixed         | 11.75%                | No            |                  2 | On Loan: No      |
| AMERICAN NATIONAL GROUP               | American National Group Inc                                              | CUSIP: 025676AR8<br>LEI: 549300RK5RZQ740FPL83 | Long             | DBT              | CORP              | US        |     75000 | PA      | $77293.35     | 0.16%             | 2055-12-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS              | Univision Communications Inc                                             | CUSIP: 914906AY8<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |    250000 | PA      | $259055.00    | 0.52%             | 2028-08-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| BLOCK INC                             | Block Inc                                                                | CUSIP: 852234AS2<br>LEI: 549300OHIIUWSTIZME52 | Long             | DBT              | CORP              | US        |    205000 | PA      | $212176.23    | 0.43%             | 2032-05-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ICAHN ENTERPRISES/FIN                 | Icahn Enterprises LP / Icahn Enterprises Finance Corp                    | CUSIP: 451102BZ9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    280000 | PA      | $275224.94    | 0.55%             | 2027-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| KODIAK GAS SERVICES LLC               | Kodiak Gas Services LLC                                                  | CUSIP: 50012LAE4<br>LEI: 549300ZQBRWEUOVOM131 | Long             | DBT              | CORP              | US        |    125000 | PA      | $128344.54    | 0.26%             | 2035-10-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| NGL ENRGY OP/FIN CORP                 | NGL Energy Operating LLC / NGL Energy Finance Corp                       | CUSIP: 62922LAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     60000 | PA      | $61519.08     | 0.12%             | 2029-02-15      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| GREAT CAN GAMING/RAPTOR               | Great Canadian Gaming Corp/Raptor LLC                                    | CUSIP: 389925AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |     95000 | PA      | $93939.44     | 0.19%             | 2029-11-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| DT MIDSTREAM INC                      | DT Midstream Inc                                                         | CUSIP: 23345MAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    420000 | PA      | $409778.94    | 0.82%             | 2029-06-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| DIRECTV FINANCING LLC                 | Directv Financing LLC                                                    | CUSIP: 254945AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     30000 | PA      | $29631.64     | 0.06%             | 2030-02-01      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| LSB INDUSTRIES                        | LSB Industries Inc                                                       | CUSIP: 502160AN4<br>LEI: 5493001H215A0HG0MI71 | Long             | DBT              | CORP              | US        |    475000 | PA      | $468574.30    | 0.94%             | 2028-10-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| GLOBAL INFRASTRUCTURE SO              | Global Infrastructure Solutions Inc                                      | CUSIP: 37960XAB3<br>LEI: 2549003BGLQITAJ6ZT28 | Long             | DBT              | CORP              | US        |    430000 | PA      | $453914.88    | 0.91%             | 2032-04-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| NEW HOME CO INC/THE                   | New Home Co Inc/The                                                      | CUSIP: 645370AG2<br>LEI: 549300PLCE8TB3TVRQ85 | Long             | DBT              | CORP              | US        |     15000 | PA      | $15570.92     | 0.03%             | 2030-11-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| WAYFAIR LLC                           | Wayfair LLC                                                              | CUSIP: 94419NAA5<br>LEI: 549300CTUWTZGOXMYI40 | Long             | DBT              | CORP              | US        |      5000 | PA      | $5155.20      | 0.01%             | 2029-10-31      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| HELIX ENERGY SOLUTIONS                | Helix Energy Solutions Group Inc                                         | CUSIP: 42330PAL1<br>LEI: 416AP2JOUTCWEGSOZW41 | Long             | DBT              | CORP              | US        |    305000 | PA      | $321309.27    | 0.65%             | 2029-03-01      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| RACKSPACE TECHNOLOGY                  | Rackspace Technology Global Inc                                          | CUSIP: 750098AA3<br>LEI: 549300QTYCKLMFSE8I97 | Long             | DBT              | CORP              | US        |    365000 | PA      | $94900.00     | 0.19%             | 2028-12-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC              | Ford Motor Credit Co LLC                                                 | CUSIP: 345397G56<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    250000 | PA      | $256838.79    | 0.52%             | 2035-02-07      | Fixed         | 6.50%                 | No            |                  2 | On Loan: —       |
| Endo GUC Trust Units Cl A-1           | Endo GUC Trust Units Cl A-1                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3813 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| NABORS INDUSTRIES INC                 | Nabors Industries Inc                                                    | CUSIP: 62957HAJ4<br>LEI: 549300VFQWRKICUFNU92 | Long             | DBT              | CORP              | US        |    414000 | PA      | $420254.71    | 0.85%             | 2027-05-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| APTIV SWISS HOLDINGS LTD              | Aptiv Swiss Holdings Ltd                                                 | CUSIP: 03837AAD2<br>LEI: N/A                  | Long             | DBT              | CORP              | JE        |    370000 | PA      | $378010.13    | 0.76%             | 2054-12-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| FRONERI LUX FINCO SARL                | Froneri Lux FinCo SARL                                                   | CUSIP: 35901MAA5<br>LEI: 9845005YBZ75E5AA3B94 | Long             | DBT              | CORP              | LU        |     75000 | PA      | $75089.95     | 0.15%             | 2032-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                | CCO Holdings LLC / CCO Holdings Capital Corp                             | CUSIP: 1248EPCD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1105000 | PA      | $1060321.54   | 2.13%             | 2030-03-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                         | Citigroup Inc                                                            | CUSIP: 172967MV0<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    555000 | PA      | $549872.85    | 1.11%             | N/A             | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| DREYFUS GOVERNMENT CASH MANAGE        | DREYFUS GOVERNMENT CASH MANAGE                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   1208280 | NS      | $1208279.62   | 2.43%             |  |  |  | No            |                  1 | On Loan: No      |
| REINSURANCE GRP OF AMER               | Reinsurance Group of America Inc                                         | CUSIP: 759351AT6<br>LEI: LORM1GNEU1DKEW527V90 | Long             | DBT              | CORP              | US        |    365000 | PA      | $383137.22    | 0.77%             | 2055-09-15      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC              | Vistra Operations Co LLC                                                 | CUSIP: 92840VAR3<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    275000 | PA      | $287616.11    | 0.58%             | 2032-04-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| TEINE ENERGY LTD                      | Teine Energy Ltd                                                         | CUSIP: 879068AB0<br>LEI: 894500JBC83AX7PYEU16 | Long             | DBT              | CORP              | CA        |    380000 | PA      | $373864.48    | 0.75%             | 2029-04-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| TRANSOCEAN INC                        | Transocean International Ltd                                             | CUSIP: 893830BX6<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | BM        |    183750 | PA      | $193336.42    | 0.39%             | 2030-02-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| ENDO FINANCE HOLDINGS                 | Endo Finance Holdings Inc                                                | CUSIP: 29281RAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $268217.25    | 0.54%             | 2031-04-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| CSC HOLDINGS LLC                      | CSC Holdings LLC                                                         | CUSIP: 126307AY3<br>LEI: 3HG2WD2W22M120IUNG49 | Long             | DBT              | CORP              | US        |    620000 | PA      | $448989.74    | 0.90%             | 2028-04-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| KRAKEN OIL & GAS PARTNER              | Kraken Oil & Gas Partners LLC                                            | CUSIP: 50076PAA6<br>LEI: 549300DR5HSL4YAU3X12 | Long             | DBT              | CORP              | US        |    155000 | PA      | $153633.10    | 0.31%             | 2029-08-15      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| GRAY MEDIA INC                        | Gray Media Inc                                                           | CUSIP: 389375AN6<br>LEI: 529900TM5726KDN7UU35 | Long             | DBT              | CORP              | US        |    240000 | PA      | $245193.12    | 0.49%             | 2032-07-15      | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| NATIONSTAR MTG HLD INC                | Nationstar Mortgage Holdings Inc                                         | CUSIP: 63861CAE9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    660000 | PA      | $666931.98    | 1.34%             | 2031-11-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| WR GRACE HOLDING LLC                  | WR Grace Holdings LLC                                                    | CUSIP: 92943GAA9<br>LEI: 549300WNOVFRGYOAEB12 | Long             | DBT              | CORP              | US        |    373000 | PA      | $346702.68    | 0.70%             | 2029-08-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| DENTSPLY SIRONA INC                   | DENTSPLY SIRONA Inc                                                      | CUSIP: 24906PAB5<br>LEI: 9NHEHR1SOZCYXDO8HO28 | Long             | DBT              | CORP              | US        |    255000 | PA      | $262811.93    | 0.53%             | 2055-09-12      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| SEMPRA                                | Sempra                                                                   | CUSIP: 816851BW8<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | DBT              | CORP              | US        |    125000 | PA      | $128280.95    | 0.26%             | 2056-04-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| ONEMAIN FINANCE CORP                  | OneMain Finance Corp                                                     | CUSIP: 682691AM2<br>LEI: 5493008I795YYBFWFU90 | Long             | DBT              | CORP              | US        |    160000 | PA      | $160252.80    | 0.32%             | 2033-03-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CHOBANI HOLDCO II LLC                 | Chobani Holdco II LLC                                                    | CUSIP: 169918AA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |       210 | PA      | $222.32       | 0.00%             | 2029-10-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I/HILCORP              | Hilcorp Energy I LP / Hilcorp Finance Co                                 | CUSIP: 431318AV6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    245000 | PA      | $235949.75    | 0.47%             | 2031-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ENVISION HEALTHCARE CORP Common Stock | ENVISION HEALTHCARE CORP Common Stock                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       720 | NS      | $11340.00     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| TIDEWATER INC                         | Tidewater Inc                                                            | CUSIP: 88642RAE9<br>LEI: 2549000JA5GRUPLMUH98 | Long             | DBT              | CORP              | US        |    125000 | PA      | $134056.22    | 0.27%             | 2030-07-15      | Fixed         | 9.12%                 | No            |                  2 | On Loan: No      |
| NABORS INDUSTRIES LTD                 | Nabors Industries Ltd                                                    | CUSIP: 629571AB6<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |    130000 | PA      | $129906.23    | 0.26%             | 2028-01-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| PRIME SECSRVC BRW/FINANC              | Prime Security Services Borrower LLC / Prime Finance Inc                 | CUSIP: 74166MAE6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    375000 | PA      | $374671.61    | 0.75%             | 2028-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL CALCASIEU              | Venture Global Calcasieu Pass LLC                                        | CUSIP: 92328MAB9<br>LEI: 549300GKHS6RS20NLH85 | Long             | DBT              | CORP              | US        |    500000 | PA      | $471924.05    | 0.95%             | 2031-08-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Klockner Pentaplast of America Inc    | Kloeckner Pentaplast of America Inc                                      | CUSIP: 49865NAT7<br>LEI: 5299004QDA11QZOG5N31 | Long             | LON              | CORP              | US        |    298741 | PA      | $143584.03    | 0.29%             | 2026-02-12      | Floating      | 9.02%                 | No            |                  2 | On Loan: No      |
| PAR PHARMACEUTICAL INC                | PAR PHARMACEUTICAL INC                                                   | CUSIP: 698ESCAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    256000 | PA      | $0.00         | 0.00%             | 2027-04-01      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| TRANSOCEAN INC                        | Transocean International Ltd                                             | CUSIP: 893830BY4<br>LEI: DOL4HJ22ADYSIWES4H94 | Long             | DBT              | CORP              | BM        |     70000 | PA      | $69010.64     | 0.14%             | 2029-05-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| CHS/COMMUNITY HEALTH SYS              | CHS/Community Health Systems Inc                                         | CUSIP: 12543DBM1<br>LEI: 5493007X5NC5XI1BB106 | Long             | DBT              | CORP              | US        |    260000 | PA      | $235207.49    | 0.47%             | 2030-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| RIVERS ENTERPRISE                     | Rivers Enterprise Lender LLC / Rivers Enterprise Lender Corp             | CUSIP: 76884GAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     50000 | PA      | $50445.82     | 0.10%             | 2030-10-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| CMG MEDIA CORPORATION                 | CMG Media Corp                                                           | CUSIP: 125773AA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    560000 | PA      | $514315.20    | 1.03%             | 2029-06-18      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| AZORRA FINANCE                        | Azorra Finance Ltd                                                       | CUSIP: 05480AAB1<br>LEI: 254900MC1HXDAVUUP395 | Long             | DBT              | CORP              | KY        |    240000 | PA      | $249909.84    | 0.50%             | 2031-01-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| UNIFRAX ESCROW ISS CORP               | ASP Unifrax Holdings Inc                                                 | CUSIP: 90473LAA0<br>LEI: 549300RRU6BWJLD0YT71 | Long             | DBT              | CORP              | US        |    568000 | PA      | $186730.00    | 0.38%             | 2028-09-30      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I/HILCORP              | Hilcorp Energy I LP / Hilcorp Finance Co                                 | CUSIP: 431318AU8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    280000 | PA      | $275827.72    | 0.55%             | 2029-02-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| JH NORTH AMERICA HOLDING              | JH North America Holdings Inc                                            | CUSIP: 46593WAB1<br>LEI: 254900A6FXA0D81TL967 | Long             | DBT              | CORP              | US        |    245000 | PA      | $250947.13    | 0.50%             | 2032-07-31      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| HELIOS SOFT/ION CORP SOL              | Helios Software Holdings Inc / ION Corporate Solutions Finance Sarl      | CUSIP: 42329HAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $207291.40    | 0.42%             | 2029-05-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| CHEPLAPHARM ARZNEIMITTEL              | Cheplapharm Arzneimittel GmbH                                            | CUSIP: 16412EAA5<br>LEI: 529900ONXKBELT7EW052 | Long             | DBT              | CORP              | DE        |    356000 | PA      | $346834.64    | 0.70%             | 2028-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Mallinckrodt                          | Mallinckrodt                                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       654 | NS      | $68016.00     | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| ORGANON & CO/ORGANON FOR              | Organon & Co / Organon Foreign Debt Co-Issuer BV                         | CUSIP: 68622TAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    255000 | PA      | $246366.32    | 0.50%             | 2028-04-30      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| SINCLAIR TELEVISION GROU              | Sinclair Television Group Inc                                            | CUSIP: 829259BH2<br>LEI: 549300CQGEN0CH65UD62 | Long             | DBT              | CORP              | US        |    290000 | PA      | $297618.29    | 0.60%             | 2033-02-15      | Fixed         | 8.12%                 | No            |                  2 | On Loan: No      |
| CONSENSUS CLOUD SOLUTION              | Consensus Cloud Solutions Inc                                            | CUSIP: 20848VAB1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    340000 | PA      | $341496.34    | 0.69%             | 2028-10-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE INC                          | Enbridge Inc                                                             | CUSIP: 29250NBT1<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |    545000 | PA      | $623324.68    | 1.25%             | 2084-01-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| ENTERGY CORP                          | Entergy Corp                                                             | CUSIP: 29364GAQ6<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | DBT              | CORP              | US        |    270000 | PA      | $282122.73    | 0.57%             | 2054-12-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| SNAP INC                              | Snap Inc                                                                 | CUSIP: 83304AAM8<br>LEI: 549300JNC0L6VP8A2Q35 | Long             | DBT              | CORP              | US        |    115000 | PA      | $116395.11    | 0.23%             | 2034-03-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| ROCKET COS INC                        | Rocket Cos Inc                                                           | CUSIP: 77311WAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    240000 | PA      | $247707.36    | 0.50%             | 2033-08-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| PRIMO / TRITON WATER HLD              | Primo Water Holdings Inc / Triton Water Holdings Inc                     | CUSIP: 74168RAC7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    310000 | PA      | $309743.91    | 0.62%             | 2029-04-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| GRIFOLS SA                            | Grifols SA                                                               | CUSIP: 39843UAA0<br>LEI: 959800HSSNXWRKBK4N60 | Long             | DBT              | CORP              | ES        |    385000 | PA      | $373974.40    | 0.75%             | 2028-10-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| SAKS GLOBAL ENTERPRS LLC              | Saks Global Enterprises LLC                                              | CUSIP: 79380MAD7<br>LEI: 5493007HQSJGRH78Q684 | Long             | DBT              | CORP              | US        |    195000 | PA      | $99450.00     | 0.20%             | 2029-12-15      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| GARDA WORLD SECURITY                  | Garda World Security Corp                                                | CUSIP: 36485MAP4<br>LEI: 549300ZF1NDXLMCHNO20 | Long             | DBT              | CORP              | CA        |    275000 | PA      | $285457.33    | 0.57%             | 2032-11-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| Dreyfus Government Cash Management    | Dreyfus Government Cash Management                                       | CUSIP: 262006208<br>LEI: 5493000Q69I5Q3QZIA91 | Long             | STIV             | RF                | US        |    341810 | NS      | $341809.53    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| MAUSER PACKAGING SOLUT                | Mauser Packaging Solutions Holding Co                                    | CUSIP: 57763RAC1<br>LEI: 549300DNGHXL0OMHW304 | Long             | DBT              | CORP              | US        |    245000 | PA      | $245560.56    | 0.49%             | 2027-04-15      | Fixed         | 9.25%                 | 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        |     17000 | PA      | $17233.51     | 0.03%             | 2029-09-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| SNAP INC                              | Snap Inc                                                                 | CUSIP: 83304AAL0<br>LEI: 549300JNC0L6VP8A2Q35 | Long             | DBT              | CORP              | US        |    280000 | PA      | $286187.62    | 0.58%             | 2033-03-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| DICK'S SPORTING GOODS                 | Dick's Sporting Goods Inc                                                | CUSIP: 253393AG7<br>LEI: 529900SSBV5I4LWSK313 | Long             | DBT              | CORP              | US        |    360000 | PA      | $268027.01    | 0.54%             | 2052-01-15      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| MYT Holding LLC                       | MYT Holding LLC                                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     33144 | NS      | $6628.80      | 0.01%             |  |  |  | No            |                  3 | On Loan: No      |
| LBM ACQUISITION LLC                   | LBM Acquisition LLC                                                      | CUSIP: 05552BAA4<br>LEI: 549300FAEB3VWZL4NI86 | Long             | DBT              | CORP              | US        |    445000 | PA      | $411903.04    | 0.83%             | 2029-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| NEWELL BRANDS INC                     | Newell Brands Inc                                                        | CUSIP: 651229BD7<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | DBT              | CORP              | US        |    485000 | PA      | $487769.35    | 0.98%             | 2029-09-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Lannett Company Inc.                  | LANNETT CO INC                                                           | CUSIP: 000000000<br>LEI: 5299001DJ6C90XX17G45 | Long             | LON              | CORP              | US        |     13433 | PA      | $10290.90     | 0.02%             | 2030-06-16      | Variable      | 2.00%                 | No            |                  3 | On Loan: No      |
| FERRELLGAS LP/FERRELLGAS              | Ferrellgas LP / Ferrellgas Finance Corp                                  | CUSIP: 315289AC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    175000 | PA      | $162862.33    | 0.33%             | 2029-04-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ASHTON WOODS USA/FINANCE              | Ashton Woods USA LLC / Ashton Woods Finance Co                           | CUSIP: 045086AP0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    340000 | PA      | $321871.10    | 0.65%             | 2030-04-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| CORNERSTONE BUILDING                  | Cornerstone Building Brands Inc                                          | CUSIP: 21925DAB5<br>LEI: 549300IW41QEWQ6T0H29 | Long             | DBT              | CORP              | US        |    415000 | PA      | $403230.60    | 0.81%             | 2029-08-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| Arcline FM Holdings, LLC              | ARCLINE FM HOLDINGS LLC                                                  | CUSIP: 03960DAH6<br>LEI: 2549000HKCEC1E8UTO17 | Long             | LON              | CORP              | US        |    144783 | PA      | $144669.85    | 0.29%             | 2030-06-24      | Floating      | 7.58%                 | No            |                  2 | On Loan: No      |
| UNDER ARMOUR INC                      | Under Armour Inc                                                         | CUSIP: 904311AD9<br>LEI: 549300D4549QKWETZ406 | Long             | DBT              | CORP              | US        |    195000 | PA      | $194758.98    | 0.39%             | 2030-07-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| AMNEAL PHARMACEUTICALS L              | Amneal Pharmaceuticals LLC                                               | CUSIP: 03168LAA3<br>LEI: 54930037VIXE7LRZ1M66 | Long             | DBT              | CORP              | US        |     10000 | PA      | $10342.12     | 0.02%             | 2032-08-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                        | NRG Energy Inc                                                           | CUSIP: 629377CT7<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    235000 | PA      | $259839.03    | 0.52%             | 2033-03-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| ILLUMINATE BUYER/HLDG                 | Illuminate Buyer LLC / Illuminate Holdings IV Inc                        | CUSIP: 45232TAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    400000 | PA      | $401264.00    | 0.81%             | 2028-07-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |

### Signature

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

**Name of Applicant:** Virtus Opportunities Trust

**Signature:** Amy Hackett

**Name of Signer:** Amy Hackett

**Title:** Vice President and Assistant Treasurer