# EDGAR Filing Document

**Accession Number:** 0001423227
**File Stem:** 0001752724-23-044744
**Filing Date:** 2023-2
**Character Count:** 33794
**Document Hash:** bc7ba03a9ffb0859d122e84d402467c3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-044744.hdr.sgml**: 20230228

**ACCESSION NUMBER**: 0001752724-23-044744

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221230

**FILED AS OF DATE**: 20230228

**DATE AS OF CHANGE**: 20230228

**PERIOD START**: 20230930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Virtus Strategy Trust
- **CENTRAL INDEX KEY:** 0001423227
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** MA

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22167
- **FILM NUMBER:** 23679963

**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 Multi-Strategy Trust
- **DATE OF NAME CHANGE:** 20080109

## Series and Classes Contracts Data

### Virtus NFJ Global Sustainability Fund (Series ID: S000047250)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000148056 | Class A             | ASUAX           |
| C000148057 | Institutional Class | ASTNX           |
| C000148058 | Class P             | ASTPX           |

## Nport-Ex

#### VIRTUS NFJ Global Sustainability Fund

#### SCHEDULE OF INVESTMENTS (Unaudited)

#### December 31, 2022
($ reported in thousands)

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Common Stocks—98.9%** | **Common Stocks—98.9%** | **Common Stocks—98.9%** |
| **Austria—1.5%** | **Austria—1.5%** |  |
| Erste Group Bank AG Sponsored ADR | 52442 | $836 |
| **China—1.1%** | **China—1.1%** |  |
| ENN Energy Holdings Ltd. | 45200 | &nbsp;&nbsp; 635 |
| **Denmark—1.6%** | **Denmark—1.6%** |  |
| GN Store Nord AS | 38554 | &nbsp;&nbsp; 886 |
| **Finland—2.5%** | **Finland—2.5%** |  |
| Stora Enso Oyj Class R | 99846 | &nbsp;&nbsp; 1405 |
| **France—3.9%** | **France—3.9%** |  |
| Dassault Systemes SE | 30980 | &nbsp;&nbsp; 1111 |
| Kering S.A. | &nbsp;&nbsp;&nbsp;&nbsp;2039 | &nbsp;&nbsp; 1038 |
|  |  | &nbsp;&nbsp; 2149 |
| **Germany—6.4%** | **Germany—6.4%** |  |
| adidas AG | &nbsp;&nbsp;&nbsp;&nbsp;7747 | &nbsp;&nbsp; 1057 |
| KION Group AG | 15129 | &nbsp;&nbsp; 434 |
| SAP SE | 10191 | &nbsp;&nbsp; 1051 |
| Vonovia SE | 43837 | &nbsp;&nbsp; 1033 |
|  |  | &nbsp;&nbsp; 3575 |
| **Ireland—2.5%** | **Ireland—2.5%** |  |
| Kingspan Group plc | 26114 | &nbsp;&nbsp; 1414 |
| **Italy—2.6%** | **Italy—2.6%** |  |
| Enel SpA | 267219 | &nbsp;&nbsp; 1439 |
| **Japan—3.9%** | **Japan—3.9%** |  |
| Daikin Industries Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;7486 | &nbsp;&nbsp; 1152 |
| Sysmex Corp. | 16700 | &nbsp;&nbsp; 1018 |
|  |  | &nbsp;&nbsp; 2170 |
| **Netherlands—3.9%** | **Netherlands—3.9%** |  |
| ASML Holding N.V. | &nbsp;&nbsp;&nbsp;&nbsp;3992 | &nbsp;&nbsp; 2153 |
| **Spain—2.3%** | **Spain—2.3%** |  |
| Industria de Diseno Textil S.A. | 49232 | &nbsp;&nbsp; 1310 |
| **Sweden—6.8%** | **Sweden—6.8%** |  |
| Assa Abloy AB Class B | 56693 | &nbsp;&nbsp; 1215 |
| Atlas Copco AB Class A | 85735 | &nbsp;&nbsp; 1012 |
| Sandvik AB | 50741 | &nbsp;&nbsp; 916 |
| SSAB AB Class A | 116503 | &nbsp;&nbsp; 636 |
|  |  | &nbsp;&nbsp; 3779 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Taiwan—2.1%** | **Taiwan—2.1%** |  |
| Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR | 15660 | $1166 |
| **United Kingdom—7.1%** | **United Kingdom—7.1%** |  |
| Barratt Developments plc | 190185 | &nbsp;&nbsp;&nbsp; 912 |
| Dechra Pharmaceuticals plc | 17881 | &nbsp;&nbsp;&nbsp; 566 |
| Linde plc | &nbsp;&nbsp;&nbsp;&nbsp;2711 | &nbsp;&nbsp;&nbsp; 884 |
| Segro plc | 116823 | &nbsp;&nbsp;&nbsp; 1079 |
| Shell plc | 18336 | &nbsp;&nbsp;&nbsp; 516 |
|  |  | &nbsp;&nbsp;&nbsp; 3957 |
| **United States—50.7%** | **United States—50.7%** |  |
| Accenture plc Class A | &nbsp;&nbsp;&nbsp;&nbsp;5697 | &nbsp;&nbsp;&nbsp; 1520 |
| Adobe, Inc. <sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;4710 | &nbsp;&nbsp;&nbsp; 1585 |
| Agilent Technologies, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;4728 | &nbsp;&nbsp;&nbsp; 708 |
| Alexandria Real Estate Equities, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;8074 | &nbsp;&nbsp;&nbsp; 1176 |
| American Express Co. | 10058 | &nbsp;&nbsp;&nbsp; 1486 |
| Apple, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;9243 | &nbsp;&nbsp;&nbsp; 1201 |
| Applied Materials, Inc. | 15790 | &nbsp;&nbsp;&nbsp; 1538 |
| Baxter International, Inc. | 17794 | &nbsp;&nbsp;&nbsp; 907 |
| Citigroup, Inc. | 18713 | &nbsp;&nbsp;&nbsp; 846 |
| Estee Lauder Cos., Inc. (The) Class A | &nbsp;&nbsp;&nbsp;&nbsp;4360 | &nbsp;&nbsp;&nbsp; 1082 |
| IDEXX Laboratories, Inc.<sup>(1)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;3808 | &nbsp;&nbsp;&nbsp; 1553 |
| Intercontinental Exchange, Inc. | 10270 | &nbsp;&nbsp;&nbsp; 1054 |
| International Flavors & Fragrances, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;2854 | &nbsp;&nbsp;&nbsp; 299 |
| Intuit, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;4082 | &nbsp;&nbsp;&nbsp; 1589 |
| Microsoft Corp. | &nbsp;&nbsp;&nbsp;&nbsp;8823 | &nbsp;&nbsp;&nbsp; 2116 |
| PayPal Holdings, Inc.<sup>(1)</sup> | 16769 | &nbsp;&nbsp;&nbsp; 1194 |
| S&P Global, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;4981 | &nbsp;&nbsp;&nbsp; 1668 |
| Teleflex, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;2669 | &nbsp;&nbsp;&nbsp; 666 |
| Trex Co., Inc.<sup>(1)</sup> | 11240 | &nbsp;&nbsp;&nbsp; 476 |
| Visa, Inc. Class A | 11565 | &nbsp;&nbsp;&nbsp; 2403 |
| West Pharmaceutical Services, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;4906 | &nbsp;&nbsp;&nbsp; 1155 |
| Xylem, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;8385 | &nbsp;&nbsp;&nbsp; 927 |
| Zoetis, Inc. Class A | &nbsp;&nbsp;&nbsp;&nbsp;7523 | &nbsp;&nbsp;&nbsp; 1102 |
|  |  | &nbsp;&nbsp;&nbsp;28251 |
| **Total Common Stocks<br> (Identified Cost $50,633)** | **Total Common Stocks<br> (Identified Cost $50,633)** | &nbsp;&nbsp;&nbsp;&nbsp;**55125** |
| **Total Long-Term Investments—98.9%<br> (Identified Cost $50,633)** | **Total Long-Term Investments—98.9%<br> (Identified Cost $50,633)** | &nbsp;&nbsp;&nbsp;&nbsp;**55125** |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **Short-Term Investment—0.5%** | **Short-Term Investment—0.5%** | **Short-Term Investment—0.5%** |
| **Money Market Mutual Fund—0.5%** | **Money Market Mutual Fund—0.5%** | **Money Market Mutual Fund—0.5%** |
| BlackRock Liquidity FedFund - Institutional Shares (seven-day effective yield 4.033%)<sup>(2)</sup> | 307691 | $308 |
| **Total Short-Term Investment<br> (Identified Cost $308)** | **Total Short-Term Investment<br> (Identified Cost $308)** | &nbsp;&nbsp;&nbsp;&nbsp; **308** |
| **TOTAL INVESTMENTS—99.4%<br> (Identified Cost $50,941)** | **TOTAL INVESTMENTS—99.4%<br> (Identified Cost $50,941)** | &nbsp;&nbsp;**$55433** |
| Other assets and liabilities, net—0.6% | Other assets and liabilities, net—0.6% | &nbsp;&nbsp;&nbsp;&nbsp; 317 |
| **NET ASSETS—100.0%** | **NET ASSETS—100.0%** | &nbsp;&nbsp;**$55750** |

---

---

| | |
|:---|:---|
| **Abbreviations:** | **Abbreviations:** |
| ADR | American Depositary Receipt |
| S&P | Standard & Poor's |

---

---

| | |
|:---|:---|
| **Footnote Legend:** | **Footnote Legend:** |
| <sup>(1)</sup> | Non-income producing. |
| <sup>(2)</sup> | Shares of this fund are publicly offered, and its prospectus and annual report are publicly available. |

---

---

| | |
|:---|:---|
| **Country Weightings<sup>†</sup>** | **Country Weightings<sup>†</sup>** |
| United States | &nbsp;&nbsp;52% |
| United Kingdom | &nbsp;&nbsp;&nbsp;&nbsp;7 |
| Sweden | &nbsp;&nbsp;&nbsp;&nbsp;7 |
| Germany | &nbsp;&nbsp;&nbsp;&nbsp;6 |
| Japan | &nbsp;&nbsp;&nbsp;&nbsp;4 |
| Netherlands | &nbsp;&nbsp;&nbsp;&nbsp;4 |
| France | &nbsp;&nbsp;&nbsp;&nbsp;4 |
| Other | &nbsp;&nbsp;16 |
| Total | 100% |
| <sup>†</sup> % of total investments as of December 31, 2022. | <sup>†</sup> % of total investments as of December 31, 2022. |

---

See Notes to Schedule of Investments

------

#### VIRTUS NFJ Global Sustainability Fund

#### SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

#### December 31, 2022
($ reported in thousands)

The following table summarizes the value of the Fund's investments as of December 31, 2022, based on the inputs used to value them (See Security Valuation Note 1 in the Notes to Schedule of Investments):

---

| | | |
|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total<br> Value at<br> December 31, 2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Level 1<br> Quoted Prices |
| Assets: |  |  |
| Equity Securities: |  |  |
| &nbsp;&nbsp;&nbsp;Common Stocks | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$55125 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$55125 |
| Money Market Mutual Fund | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;308 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;308 |
| Total Investments | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$55433 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$55433 |

---

There were no securities valued using significant observable inputs (Level 2) or significant unobservable inputs (Level 3) at December 31, 2022.

There were no transfers into or out of Level 3 related to securities held at December 31, 2022.

See Notes to Schedule of Investments

------

#### VIRTUS NFJ Global Sustainability Fund

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

#### December 31, 2022

#### Note 1. Security Valuation
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.

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

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

• Level 3 – prices determined using significant unobservable inputs (including the 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 Adviser's Valuation Committee, and are generally categorized as Level 3 in the hierarchy.

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

Debt instruments, including convertible bonds, and restricted securities, are valued based on evaluated 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 Adviser's Valuation Committee are generally categorized as Level 3 in the hierarchy.

Listed derivatives, such as options and futures, 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 ("OTC") derivative contracts, which include forward currency contracts, swaps, swaptions, options and equity linked instruments, are valued based on model prices provided by independent pricing services or from dealer quotes. Depending on the derivative type and the specific terms of the transaction, these models vary and include observable inputs in actively quoted markets including but not limited to: underlying reference entity details, indices, spreads, interest rates, yield curves, dividend and exchange rates. These instruments are generally categorized as Level 2 in the hierarchy. Centrally cleared swaps listed or traded on a bilateral or trade facility platform, such as a registered exchange, are valued at the last posted settlement price determined by the respective exchange. These securities are generally categorized as Level 2 within the hierarchy.

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

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

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

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

- **b. Investment Company Act file number:** 811-22167

- **c. CIK number of Registrant:** 0001423227

- **d. LEI of Registrant:** 549300PO6JSVIR6RII57

- **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 NFJ Global Sustainability Fund

- **b. EDGAR series identifier (if any):** S000047250

- **c. LEI of Series:** 549300UIWIF2OOPSPC69

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

- **a. Date of fiscal year-end:** 2023-09-30

- **b. Date as of which information is reported:** 2022-12-30

**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:** $55816094.82

**Total Liabilities:** $65638.81

**Net Assets:** $55750456.01

**Cash Not Reported:** $154391.78

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000148058 | 6.78%                | 11.32%               | -5.01%               |
| Class ID C000148056 | 0.89%                | 5.15%                | -10.20%              |
| Class ID C000148057 | 6.76%                | 11.32%               | -4.97%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-3018656.12             | $8618011.87                                |
| Month 2  | $738730.73               | $5193446.11                                |
| Month 3  | $627682.47               | $-3559951.71                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Teleflex Inc                   | Teleflex Inc                              | CUSIP: 879369106<br>LEI: UUL85LWXB4NGSWWXIQ25 | Long             | EC               | CORP              | US        |      2669 | NS      | $666262.47    | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Accenture PLC                  | Accenture PLC                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | IE        |      5697 | NS      | $1520187.48   | 2.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Industria de Diseno Textil SA  | Industria de Diseno Textil SA             | CUSIP: 000000000<br>LEI: 549300TTCXZOGZM2EY83 | Long             | EC               | CORP              | ES        |     49232 | NS      | $1309604.80   | 2.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Baxter International Inc       | Baxter International Inc                  | CUSIP: 071813109<br>LEI: J5OIVXX3P24RJRW5CK77 | Long             | EC               | CORP              | US        |     17794 | NS      | $906960.18    | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| PayPal Holdings Inc            | PayPal Holdings Inc                       | CUSIP: 70450Y103<br>LEI: 5493005X2GO78EFZ3E94 | Long             | EC               | CORP              | US        |     16769 | NS      | $1194288.18   | 2.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc                      | Apple Inc                                 | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |      9243 | NS      | $1200942.99   | 2.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Kering SA                      | Kering SA                                 | CUSIP: 000000000<br>LEI: 549300VGEJKB7SVUZR78 | Long             | EC               | CORP              | FR        |      2039 | NS      | $1037848.91   | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| adidas AG                      | adidas AG                                 | CUSIP: 000000000<br>LEI: 549300JSX0Z4CW0V5023 | Long             | EC               | CORP              | DE        |      7747 | NS      | $1056997.25   | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Xylem Inc/NY                   | Xylem Inc/NY                              | CUSIP: 98419M100<br>LEI: 549300DF5MV96DRYLQ48 | Long             | EC               | CORP              | US        |      8385 | NS      | $927129.45    | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Erste Group Bank AG            | Erste Group Bank AG                       | CUSIP: 296036304<br>LEI: PQOH26KWDF7CG10L6792 | Long             | EC               | CORP              | AT        |     52442 | NS      | $836187.69    | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| KION Group AG                  | KION Group AG                             | CUSIP: 000000000<br>LEI: 5299005KY91C4C6U9H17 | Long             | EC               | CORP              | DE        |     15129 | NS      | $433535.81    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlas Copco AB                 | Atlas Copco AB                            | CUSIP: 000000000<br>LEI: 213800T8PC8Q4FYJZR07 | Long             | EC               | CORP              | SE        |     85735 | NS      | $1011416.41   | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Enel SpA                       | Enel SpA                                  | CUSIP: 000000000<br>LEI: WOCMU6HCI0OJWNPRZS33 | Long             | EC               | CORP              | IT        |    267219 | NS      | $1438804.23   | 2.58%             |  |  |  | No            |                  1 | On Loan: No      |
| ASML Holding NV                | ASML Holding NV                           | CUSIP: 000000000<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |      3992 | NS      | $2152856.50   | 3.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp                 | Microsoft Corp                            | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |      8823 | NS      | $2115931.86   | 3.80%             |  |  |  | No            |                  1 | On Loan: No      |
| S&P Global Inc                 | S&P Global Inc                            | CUSIP: 78409V104<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | EC               | CORP              | US        |      4981 | NS      | $1668336.14   | 2.99%             |  |  |  | No            |                  1 | On Loan: No      |
| TSMC                           | Taiwan Semiconductor Manufacturing Co Ltd | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |     15660 | NS      | $1166513.40   | 2.09%             |  |  |  | No            |                  1 | On Loan: No      |
| IFF                            | International Flavors & Fragrances Inc    | CUSIP: 459506101<br>LEI: BZLRL03D3GPGMOGFO832 | Long             | EC               | CORP              | US        |      2854 | NS      | $299213.36    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| GN Store Nord AS               | GN Store Nord AS                          | CUSIP: 000000000<br>LEI: 5493008U3H3W0NKPFL10 | Long             | EC               | CORP              | DK        |     38554 | NS      | $886595.48    | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Barratt Developments PLC       | Barratt Developments PLC                  | CUSIP: 000000000<br>LEI: 2138006R85VEOF5YNK29 | Long             | EC               | CORP              | GB        |    190185 | NS      | $912339.05    | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Estee Lauder Cos Inc/The       | Estee Lauder Cos Inc/The                  | CUSIP: 518439104<br>LEI: 549300VFZ8XJ9NUPU221 | Long             | EC               | CORP              | US        |      4360 | NS      | $1081759.60   | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Shell PLC                      | Shell PLC                                 | CUSIP: 000000000<br>LEI: 21380068P1DRHMJ8KU70 | Long             | EC               | CORP              | GB        |     18336 | NS      | $515611.57    | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuit Inc                     | Intuit Inc                                | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |      4082 | NS      | $1588796.04   | 2.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Trex Co Inc                    | Trex Co Inc                               | CUSIP: 89531P105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11240 | NS      | $475789.20    | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Segro PLC                      | Segro PLC                                 | CUSIP: 000000000<br>LEI: 213800XC35KGM9NFC641 | Long             | EC               | CORP              | GB        |    116823 | NS      | $1078456.45   | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Materials Inc          | Applied Materials Inc                     | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | EC               | CORP              | US        |     15790 | NS      | $1537630.20   | 2.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup Inc                  | Citigroup Inc                             | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |     18713 | NS      | $846388.99    | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Dassault Systemes SE           | Dassault Systemes SE                      | CUSIP: 000000000<br>LEI: 96950065LBWY0APQIM86 | Long             | EC               | CORP              | FR        |     30980 | NS      | $1110779.31   | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| ENN Energy Holdings Ltd        | ENN Energy Holdings Ltd                   | CUSIP: 000000000<br>LEI: 549300V7BXPWT6WIPR03 | Long             | EC               | CORP              | CN        |     45200 | NS      | $634674.49    | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Zoetis Inc                     | Zoetis Inc                                | CUSIP: 98978V103<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | EC               | CORP              | US        |      7523 | NS      | $1102495.65   | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| IDEXX Laboratories Inc         | IDEXX Laboratories Inc                    | CUSIP: 45168D104<br>LEI: OGMTXK0LUU1HKV2P0J84 | Long             | EC               | CORP              | US        |      3808 | NS      | $1553511.68   | 2.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Agilent Technologies Inc       | Agilent Technologies Inc                  | CUSIP: 00846U101<br>LEI: QUIX8Y7A2WP0XRMW7G29 | Long             | EC               | CORP              | US        |      4728 | NS      | $707545.20    | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock Liquidity FedFund    | BlackRock Liquidity FedFund               | CUSIP: 09248U700<br>LEI: 549300T8K043VZEOVK74 | Long             | STIV             | RF                | US        |    308355 | NS      | $308355.29    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| American Express Co            | American Express Co                       | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Long             | EC               | CORP              | US        |     10058 | NS      | $1486069.50   | 2.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Linde PLC                      | Linde PLC                                 | CUSIP: 000000000<br>LEI: 8945002PAZHZLBGKGF02 | Long             | EC               | CORP              | GB        |      2711 | NS      | $884273.98    | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Assa Abloy AB                  | Assa Abloy AB                             | CUSIP: 000000000<br>LEI: 549300YECS8HKCIMMB67 | Long             | EC               | CORP              | SE        |     56693 | NS      | $1215371.96   | 2.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Stora Enso Oyj                 | Stora Enso Oyj                            | CUSIP: 000000000<br>LEI: 7437000ZP669LKUTZ738 | Long             | EC               | CORP              | FI        |     99846 | NS      | $1405473.98   | 2.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc                       | Visa Inc                                  | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |     11565 | NS      | $2402744.40   | 4.31%             |  |  |  | No            |                  1 | On Loan: No      |
| SSAB AB                        | SSAB AB                                   | CUSIP: 000000000<br>LEI: 529900329VS14ZIML164 | Long             | EC               | CORP              | SE        |    116503 | NS      | $635723.64    | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Sysmex Corp                    | Sysmex Corp                               | CUSIP: 000000000<br>LEI: 5299001ZO4CKWACMZI55 | Long             | EC               | CORP              | JP        |     16700 | NS      | $1017727.83   | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Sandvik AB                     | Sandvik AB                                | CUSIP: 000000000<br>LEI: 5299008ZUAXN43LVZF54 | Long             | EC               | CORP              | SE        |     50741 | NS      | $916122.84    | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Daikin Industries Ltd          | Daikin Industries Ltd                     | CUSIP: 000000000<br>LEI: 549300Y7FWSTSHMW5Y57 | Long             | EC               | CORP              | JP        |      7486 | NS      | $1152218.84   | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| West Pharmaceutical Services I | West Pharmaceutical Services Inc          | CUSIP: 955306105<br>LEI: 5493007NKRGM1RJQ1P16 | Long             | EC               | CORP              | US        |      4906 | NS      | $1154627.10   | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Intercontinental Exchange Inc  | Intercontinental Exchange Inc             | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |     10270 | NS      | $1053599.30   | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| SAP SE                         | SAP SE                                    | CUSIP: 000000000<br>LEI: 529900D6BF99LW9R2E68 | Long             | EC               | CORP              | DE        |     10191 | NS      | $1051514.26   | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Kingspan Group PLC             | Kingspan Group PLC                        | CUSIP: 000000000<br>LEI: 635400HM7V74SUB9OG75 | Long             | EC               | CORP              | IE        |     26114 | NS      | $1413899.73   | 2.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Vonovia SE                     | Vonovia SE                                | CUSIP: 000000000<br>LEI: 5299005A2ZEP6AP7KM81 | Long             | EC               | CORP              | DE        |     43837 | NS      | $1033295.47   | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Adobe Inc                      | Adobe Inc                                 | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               | CORP              | US        |      4710 | NS      | $1585056.30   | 2.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Dechra Pharmaceuticals PLC     | Dechra Pharmaceuticals PLC                | CUSIP: 000000000<br>LEI: 213800J4UVB5OWG8VX82 | Long             | EC               | CORP              | GB        |     17881 | NS      | $565939.21    | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Alexandria Real Estate Equitie | Alexandria Real Estate Equities Inc       | CUSIP: 015271109<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | EC               | CORP              | US        |      8074 | NS      | $1176139.58   | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-02-22

**Name of Applicant:** Virtus Strategy Trust

**Signature:** Amy Hackett

**Name of Signer:** Amy Hackett

**Title:** Vice President and Assistant Treasurer