Virtus Tactical Allocation Fund
Fund Investments as of : 06/30/2021 (Unaudited) Sector Allocations as Percentage of Invested Assets
Fixed Income 0.2% Equity 69.4% Fixed Income 30.4% Total: 100.0%
Equity
0.16 %
Security Name Market Value VanEck Vectors High Yield Muni ETF $1,533,001
Total Market Value: $1,533,001 Equity 69.45 %
Security Name Market Value Accenture PLC $7,956,382
Activision Blizzard Inc $6,430,461
Adevinta ASA $5,637,804
Admicom Oyj $1,155,677
Airbnb Inc $3,648,714
Alibaba Group Holding Ltd $19,583,587
Allegro.eu SA $2,084,162
Alten SA $3,607,277
Amazon.com Inc $42,327,729
Amphenol Corp $11,419,408
Ascential PLC $4,261,360
Auto Trader Group PLC $6,036,563
1 Autohome Inc $1,818,383
Avalara Inc $15,553,672
Bank of America Corp $9,981,618
Bill.com Holdings Inc $36,039,566
Boa Vista Servicos SA $2,131,139
Bouvet ASA $2,876,956
Brockhaus Capital Management AG $1,436,538
BTS Group AB $3,985,930
CAE Inc $4,774,841
Cerved Group SpA $1,446,629
CME Group Inc $4,503,712
Corp Moctezuma SAB de CV $1,883,010
CoStar Group Inc $9,488,687
CTS Eventim AG & Co KGaA $1,518,983
CTT Systems AB $2,365,282
Danaher Corp $10,822,422
DocuSign Inc $5,295,056
Duck Creek Technologies Inc $9,783,311
Ecolab Inc $5,633,280
Enento Group Oyj $3,535,400
Equifax Inc $5,082,642
Estee Lauder Cos Inc/The $5,827,862
Facebook Inc $30,980,266
Fair Isaac Corp $6,112,589
FDM Group Holdings PLC $1,961,483
Fineos Corp Ltd $658,181
Fintel Plc $4,488,345
Frontera Energy Corp $11,148
Gruppo MutuiOnline SpA $3,654,593
Haitian International Holdings Ltd $1,419,207
Haw Par Corp Ltd $3,929,568
HeadHunter Group PLC $7,461,399
HealthEquity Inc $3,641,720
Heineken Malaysia Bhd $1,350,114
Home Depot Inc/The $6,764,295
2 Infrastrutture Wireless Italiane SpA $2,277,889
Kansas City Southern $4,995,246
Kanzhun Ltd $4,339,693
Karnov Group AB $3,541,977
Kaspi.KZ JSC $4,551,534
Knorr-Bremse AG $1,265,655
Las Vegas Sands Corp $5,713,282
Marel HF $3,521,289
MarketAxess Holdings Inc $7,654,334
MarkLines Co Ltd $1,492,758
Marriott International Inc/MD $5,105,575
Max Stock Ltd $2,169,833
McCormick & Co Inc/MD $4,173,032
Meitec Corp $2,515,550
MercadoLibre Inc $12,582,270
Mercari Inc $3,489,176
Mintra Holding AS $1,740,504
Monster Beverage Corp $6,751,222
Mortgage Advice Bureau Holdings Ltd $3,048,684
MTU Aero Engines AG $1,917,966
Nakanishi Inc $1,769,540
Netflix Inc $15,941,378
New Work SE $4,259,931
NIKE Inc $14,159,163
Nordnet AB publ $1,810,617
NVIDIA Corp $30,899,862
Pason Systems Inc $3,589,138
Paycom Software Inc $16,879,547
Procter & Gamble Co/The $6,655,017
Progressive Corp/The $3,039,305
Redbubble Ltd $1,913,504
Rightmove PLC $6,302,111
Roper Technologies Inc $8,782,396
Ross Stores Inc $7,366,220
Rotork PLC $1,459,888
3 S-1 Corp $3,776,643
Sabre Insurance Group PLC $2,204,102
SimCorp A/S $1,512,077
Snowflake Inc $3,649,487
Sonans Holding AS $5,302,055
Tegma Gestao Logistica SA $3,231,956
Tencent Holdings Ltd $14,391,713
Trade Desk Inc/The $11,856,967
Trip.com Group Ltd $3,061,226
Uber Technologies Inc $9,641,234
Union Auction PCL $1,129,392
Vasta Platform Ltd $1,745,979
Visa Inc $22,605,250
VNV Global AB $164,899
VNV Global AB $2,994,053
Voltronic Power Technology Corp $1,636,157
Webcash Corp $1,192,602
Webstep AS $795,470
Wolters Kluwer NV $3,445,566
Workday Inc $11,438,511
Yandex NV $2,635,367
Zoetis Inc $13,536,259
Equity Total Market Value: $661,988,993 Fixed Income 30.39 %
Security Name Market Value ACRES Commercial Realty Corp, 1.2745% $133,481
AerCap Ireland Capital DAC / AerCap Global Aviation Trust, 3.6500% 07/21/2027 $416,630
Ajax Mortgage Loan Trust 2019-D, 2.9560% 09/25/2065 $614,310
Ajax Mortgage Loan Trust 2021-A, 1.0650% $694,511
Aker BP ASA, 2.8750% 01/15/2026 $811,026
Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC, 3.5000% 03/15/2029 $59,325
Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC, 4.6250% 01/15/2027 $475,907
AlixPartners LLP, Initial Dollar Term Loan, 02/04/2028 $686,840
Alliance Laundry Systems LLC, Initial Term B Loan, 10/08/2027 $504,371
4 Alliance Resource Operating Partners LP / Alliance Resource Finance Corp, 7.5000% 05/01/2025 $449,075
Allstate Corp/The, 5.7500% 08/15/2053 $615,144
Ally Financial Inc, 4.7000% 08/15/2169 $650,420
American Airlines Inc, Initial Term Loan, 04/20/2028 $473,996
American Airlines Inc/AAdvantage Loyalty IP Ltd, 5.7500% 04/20/2029 $200,031
American Assets Trust LP, 3.3750% 02/01/2031 $936,595
American Builders & Contractors Supply Co Inc, 4.0000% 01/15/2028 $604,579
American Credit Acceptance Receivables Trust 2018-4, 3.9700% 01/13/2025 $108,387
American Credit Acceptance Receivables Trust 2019-2, 3.1700% 06/12/2025 $431,666
American Credit Acceptance Receivables Trust 2021-2, 0.9700% 07/13/2027 $899,526
American Homes 4 Rent 2014-SFR2 Trust, 4.7050% 10/01/2036 $1,127,085
American Homes 4 Rent 2015-SFR1, 3.4670% 04/01/2052 $1,010,358
American Homes 4 Rent 2015-SFR2 Trust, 4.6910% 10/01/2052 $363,797
AmeriCredit Automobile Receivables Trust 2020-3, 1.0600% 08/18/2026 $1,253,805
AMSR 2020-SFR1 Trust, 2.1200% 04/01/2037 $534,978
AMSR 2020-SFR2 Trust, 2.5330% 07/01/2037 $407,999
AMSR 2020-SFR2 Trust, 3.2820% 07/01/2037 $793,982
Angel Oak Mortgage Trust 2019-3, 2.9300% $211,072
Angel Oak Mortgage Trust 2020-4, 1.4690% $1,155,769
Angel Oak SB Commercial Mortgage Trust 2020-SBC1, 2.0680% $948,945
Anheuser-Busch InBev Worldwide Inc, 4.0000% 04/13/2028 $592,080
Anheuser-Busch InBev Worldwide Inc, 4.7500% 01/23/2029 $154,864
Anthem Inc, 2.8750% 09/15/2029 $598,942
Applied Systems Inc, 2021 Term Loan (Second Lien), 09/19/2025 $55,032
Applied Systems Inc, Closing Date Term Loan (First Lien), 09/19/2024 $393,260
Aqua Finance Trust 2017-A, 3.7200% 11/15/2035 $43,291
Aqua Finance Trust 2019-A, 4.0100% 07/16/2040 $759,232
Aqua Finance Trust 2020-A, 2.7900% 07/17/2046 $774,046
Aramark Services Inc, 6.3750% 05/01/2025 $308,125
Aramark Services Inc, U.S. Term B-4 Loan, 01/15/2027 $97,474
Arbys Funding LLC, 3.2370% 07/30/2050 $559,987
Ardagh Metal Packaging Finance USA LLC / Ardagh Metal Packaging Finance PLC, 4.0000% 09/01/2029 $198,315
Ardagh Packaging Finance PLC / Ardagh Holdings USA Inc, 4.1250% 08/15/2026 $629,825
Ares Finance Co LLC, 4.0000% 10/08/2024 $754,090
Aristocrat International Pty Ltd, Initial Term Loan, 10/19/2024 $287,939
5 Arroyo Mortgage Trust 2018-1, 3.7630% $1,662,225
Arroyo Mortgage Trust 2019-1, 3.8050% $129,752
Arroyo Mortgage Trust 2019-2, 3.3470% $1,903,385
Arroyo Mortgage Trust 2021-1R, 1.1750% $1,321,627
Ascot Group Ltd, 4.2500% 12/15/2030 $784,113
Ashtead Capital Inc, 4.3750% 08/15/2027 $947,988
Astoria Energy LLC, Term B Advance (2020), 12/10/2027 $426,774
Athene Global Funding, 2.4500% 08/20/2027 $799,675
Atkore International Inc, Initial Term Loan, 05/18/2028 $89,820
Aviation Capital Group LLC, 3.5000% 11/01/2027 $588,384
Avolon Holdings Funding Ltd, 4.3750% 05/01/2026 $614,149
Avolon TLB Borrower 1 US LLC, Term B-5 Loan, 12/01/2027 $308,194
Bacardi Ltd, 4.7000% 05/15/2028 $604,959
Banc of America Funding 2004-B Trust, 2.6479% $36,120
Banc of America Funding 2005-1 Trust, 5.5000% $128,518
Banff Merger Sub Inc, 9.7500% 09/01/2026 $15,788
Bank of America Corp, 0.9464% 02/05/2026 $648,538
Bank of America Corp, 2.6870% 04/22/2032 $1,774,671
Bank of New York Mellon Corp/The, 4.7000% 09/20/2169 $774,788
Bankers Healthcare Group Securitization Trust 2020-A, 2.5600% 09/17/2031 $366,249
BAT Capital Corp, 4.9060% 04/02/2030 $809,929
Bausch Health Americas Inc, First Incremental Term Loan, 11/27/2025 $104,163
Bausch Health Americas Inc, Initial Term Loan, 06/02/2025 $53,932
Bausch Health Cos Inc, 5.7500% 08/15/2027 $212,276
Bayview Opportunity Master Fund IVa Trust 2016-SPL1, 4.2500% 04/28/2055 $535,115
Bayview Opportunity Master Fund IVa Trust 2017-SPL5, 4.0000% 06/28/2057 $103,834
Bayview Opportunity Master Fund IVb Trust 2016-SPL2, 4.2500% 06/28/2053 $257,064
BBCMS 2018-TALL Mortgage Trust, 0.7949% $795,013
BBVA Bancomer SA/Texas, 5.1250% 01/18/2033 $563,382
Berry Global Inc, Term Z Loan, 07/01/2026 $553,791
Blue Owl Finance LLC, 3.1250% 06/10/2031 $734,417
Boardwalk Pipelines LP, 4.9500% 12/15/2024 $614,764
Boeing Co/The, 5.1500% 05/01/2030 $491,424
Boxer Parent Co Inc, 2021 Replacement Dollar Term Loan, 10/02/2025 $547,922
BPR Trust 2021-KEN, 1.3230% $920,000
6 BRAVO Residential Funding Trust 2021-A, 1.9910% $433,150
Brazilian Government International Bond, 3.8750% 06/12/2030 $594,956
Brighthouse Financial Inc, 3.7000% 06/22/2027 $120,692
Brighthouse Financial Inc, 5.6250% 05/15/2030 $612,019
Brightsphere Investment Group Inc, 4.8000% 07/27/2026 $612,653
Broadcom Inc, 2.4500% 02/15/2031 $381,285
Broadcom Inc, 4.1500% 11/15/2030 $841,061
Brookfield Finance Inc, 2.7240% 04/15/2031 $1,235,318
Brookfield WEC Holdings Inc, Refinancing No 2 Term Loan, 08/01/2025 $617,068
Brown Group Holding LLC, Initial Term Loan, 06/07/2028 $621,563
Buckeye Partners LP, 2021 Tranche B-1 Term Loan, 11/01/2026 $102,914
Burford Capital Global Finance LLC, 6.2500% 04/15/2028 $210,054
BX Commercial Mortgage Trust 2020-BXLP, 1.3230% $441,572
BX Trust 2019-OC11, 4.0755% $1,475,419
Cable Onda SA, 4.5000% 01/30/2030 $485,024
Caesars Resort Collection LLC, Term B Loan, 12/23/2024 $449,690
Calpine Corp, Term Loan (04/19), 04/05/2026 $439,818
Capital Auto Receivables Asset Trust 2017-1, 2.7000% 09/20/2022 $291,667
Capital Auto Receivables Asset Trust 2017-1, 3.1500% 02/20/2025 $135,189
Capital One Financial Corp, 3.7500% 07/28/2026 $645,329
Capital One Financial Corp, 4.2000% 10/29/2025 $335,005
Carriage Services Inc, 4.2500% 05/15/2029 $214,673
Carvana Auto Receivables Trust 2019-1, 5.6400% 01/15/2026 $1,068,699
Carvana Auto Receivables Trust 2019-3, 3.0400% 04/15/2025 $594,434
Carvana Auto Receivables Trust 2020-P1, 0.9200% 11/09/2026 $768,419
Cascade MH Asset Trust 2021-MH1, 1.7530% $1,308,037
Catalent Pharma Solutions Inc, Dollar Term B-3 Loan, 02/22/2028 $295,284
CCO Holdings LLC / CCO Holdings Capital Corp, 4.7500% 03/01/2030 $306,675
Centene Corp, 4.6250% 12/15/2029 $241,949
CF Hippolyta LLC, 1.6900% 07/15/2060 $412,156
Charles Schwab Corp/The, 4.0000% 03/01/2170 $792,825
Chase Mortgage Finance Corp, 3.7078% $423,714
Chase Mortgage Finance Corp, 3.7500% $227,457
Chemours Co/The, 5.7500% 11/15/2028 $460,001
Cheniere Energy Inc, 4.6250% 10/15/2028 $247,925
7 CHG Healthcare Services Inc, New Term Loan (2017) (First Lien), 06/07/2023 $305,690
CHG PPC Parent LLC, Initial Term Loan (First Lien), 03/31/2025 $177,207
CHL Mortgage Pass-Through Trust 2004-6, 2.0760% $139,927
CIG Auto Receivables Trust 2020-1, 4.4300% 02/12/2027 $559,643
Citadel LP, 4.8750% 01/15/2027 $610,394
Citadel Securities LP, 2021 Term Loan, 02/02/2028 $651,082
CITGO Petroleum Corp, 2019 Incremental Term B Loan, 03/28/2024 $259,552
Citigroup Inc, 1.3949% 07/01/2026 $1,234,402
Citigroup Inc, 3.2000% 10/21/2026 $568,712
Citigroup Mortgage Loan Trust 2015-A, 3.5000% $7,844
Citigroup Mortgage Loan Trust Inc, 3.0000% 09/01/2064 $684,023
Citrix Systems Inc, 3.3000% 03/01/2030 $1,025,775
City of Bristol VA, 4.2100% 01/01/2042 $684,822
City of San Antonio TX, 1.9630% 02/01/2033 $530,531
CityCenter Holdings LLC, Term B Loan, 04/18/2024 $596,599
Cleveland-Cliffs Inc, 6.7500% 03/15/2026 $614,888
COLT 2020-1 Mortgage Loan Trust, 2.4880% $231,313
COLT 2020-RPL1 Trust, 1.3897% $192,126
COMM 2020-CBM Mortgage Trust, 3.0990% $492,351
Consolidated Communications Inc, Term B-1 Loan, 10/02/2027 $103,660
Consumer Loan Underlying Bond Credit Trust 2019-P1, 3.2800% 07/15/2026 $700,127
Cooper-Standard Automotive Inc, Additional Term B-1 Loan, 11/02/2023 $479,978
CoreVest American Finance 2018-2 Trust, 4.0260% 11/01/2052 $492,975
Corevest American Finance 2019-3 Trust, 3.2650% 10/01/2052 $308,040
Corevest American Finance 2020-1 Trust, 1.8320% 03/01/2050 $512,195
CoreVest American Finance 2020-3 Trust, 1.3580% $740,958
Corevest American Finance 2020-4 Trust, 1.1740% $602,804
Corporate Office Properties LP, 2.7500% 04/15/2031 $685,131
CPG International LLC, New Term Loan, 05/06/2024 $500,184
CPS Auto Receivables Trust 2020-C, 1.7100% 08/17/2026 $548,668
Credit Acceptance Auto Loan Trust 2020-3, 1.7700% 12/17/2029 $548,295
Credit Suisse Mortgage Capital Certificates 2019-ICE4, 1.0530% $531,417
CrownRock LP / CrownRock Finance Inc, 5.0000% 05/01/2029 $315,075
CrownRock LP / CrownRock Finance Inc, 5.6250% 10/15/2025 $357,075
CSC Holdings LLC, October 2018 Incremental Term Loan, 01/15/2026 $411,628
8 CSMC 2017-RPL1 Trust, 2.7500% 07/01/2057 $665,795
CSMC 2020-NQM1 Trust, 1.2080% $204,916
CSMC 2020-RPL4 Trust, 2.0000% $440,858
Csmc 2021-Nqm1 , 0.8090% $283,511
Csmc 2021-Nqm2 , 1.1790% $682,271
CSMC Trust 2014-IVR2, 3.8131% $16,254
CVR Partners LP / CVR Nitrogen Finance Corp, 6.1250% 06/15/2028 $5,125
DaVita Inc, 4.6250% 06/01/2030 $580,944
Dell International LLC / EMC Corp, 8.1000% 07/15/2036 $320,066
Diamond Resorts Owner Trust 2021-1, 1.5100% 11/21/2033 $562,496
Diamond Resorts Owner Trust, 3.2700% 10/22/2029 $88,410
Diamond Sports Group LLC / Diamond Sports Finance Co, 5.3750% 08/15/2026 $165,113
Diamond Sports Group LLC / Diamond Sports Finance Co, 6.6250% 08/15/2027 $68,759
Discover Bank, 4.6820% 08/09/2028 $1,524,185
Discover Financial Services, 6.1250% 03/23/2169 $196,385
DISH DBS Corp, 5.0000% 03/15/2023 $313,989
DISH DBS Corp, 7.7500% 07/01/2026 $203,850
Drawbridge Special Opportunities Fund LP / Drawbridge Special Opportunities Fin, 3.8750% 02/15/2026 $796,534
Drive Auto Receivables Trust 2019-4, 2.5100% 11/17/2025 $588,307
DT Auto Owner Trust 2019-2, 2.9900% 04/17/2023 $119,179
DT Midstream Inc, Initial Term Loan, 06/10/2028 $160,142
Dun & Bradstreet Corp/The, Term Loan B, 02/06/2026 $733,959
Dycom Industries Inc, 4.5000% 04/15/2029 $231,992
Ellington Financial Mortgage Trust 2019-2, 3.0460% $102,437
Ellington Financial Mortgage Trust 2021-2, 1.2910% $838,945
Emirate of Dubai Government International Bonds, 5.2500% 01/30/2043 $608,116
Energy Transfer LP, 6.5000% 11/15/2169 $601,505
EPR Properties, 4.7500% 12/15/2026 $937,471
EQM Midstream Partners LP, 4.7500% 01/15/2031 $144,262
EQM Midstream Partners LP, 6.0000% 07/01/2025 $59,813
EQM Midstream Partners LP, 6.5000% 07/01/2027 $72,475
Exelon Corp, 3.4970% 06/01/2022 $445,982
Exeter Automobile Receivables Trust 2018-4, 4.3500% 09/16/2024 $165,051
Exeter Automobile Receivables Trust 2019-1, 4.1300% 12/16/2024 $160,204
Exeter Automobile Receivables Trust 2019-2, 3.3000% 03/15/2024 $494,368
9 Exeter Automobile Receivables Trust 2019-4, 2.4400% 09/16/2024 $699,011
Fair Square Issuance Trust, 2.9000% 09/20/2024 $652,031
Fairfax Financial Holdings Ltd, 4.8500% 04/17/2028 $672,941
Fannie Mae Pool, 3.0000% $1,993,947
Fannie Mae Pool, 5.0000% $97,661
Fannie Mae Pool, 5.5000% $106,108
Fannie Mae Pool, 5.5000% $99,085
Fannie Mae Pool, 5.5000% $3,970
Fannie Mae Pool, 5.5000% $79,088
Fannie Mae Pool, 6.0000% $73,286
Fannie Mae Pool, 6.0000% $8,229
Fannie Mae Pool, 6.0000% $23,235
Fannie Mae Pool, 6.0000% $170,888
Fannie Mae Pool, 6.5000% $136,445
First Investors Auto Owner Trust 2021-1, 1.1700% 03/15/2027 $789,386
FirstKey Homes 2020-SFR2 Trust, 1.5670% 10/03/2037 $640,984
FirstKey Homes 2021-SFR1 Trust, 2.1890% 08/01/2028 $879,984
Flagship Credit Auto Trust 2020-3, 1.7300% 09/15/2026 $549,951
Flagship Credit Auto Trust 2020-4, 1.2800% 02/16/2027 $969,672
Flagstar Mortgage Trust 2017-1, 3.5000% $178,727
Flex Intermediate Holdco LLC, 3.3630% 06/30/2031 $794,635
Flex Ltd, 3.7500% 02/01/2026 $606,966
Ford Motor Co, 9.0000% 04/22/2025 $803,831
Fortress Transportation and Infrastructure Investors LLC, 6.5000% 10/01/2025 $36,356
Foundation Finance Trust 2017-1, 3.3000% 07/15/2033 $550,658
Foundation Finance Trust 2021-1, 1.2700% 05/15/2041 $700,206
Foursight Capital Automobile Receivables Trust 2019-1, 4.3000% 09/15/2025 $780,200
Freddie Mac Gold Pool, 5.0000% $77,150
Freddie Mac Gold Pool, 6.0000% $133,371
Freeport-McMoRan Inc, 5.4500% 03/15/2043 $580,602
Galton Funding Mortgage Trust 2017-1, 3.5000% $54,311
Galton Funding Mortgage Trust 2017-1, 3.5000% $69,840
Galton Funding Mortgage Trust 2018-2, 4.5000% $49,007
Galton Funding Mortgage Trust 2019-H1, 2.6570% $73,968
Galton Funding Mortgage Trust 2020-H1, 2.3100% $304,119
10 Gates Global LLC, Initial B-3 Dollar Term Loan, 03/31/2027 $595,448
Gateway Casinos & Entertainment Ltd, 8.2500% 03/01/2024 $385,000
Gcat 2019-Nqm1 LLC , 2.9850% $152,675
GCAT 2019-NQM2 Trust, 2.2470% $118,392
GCT Commercial Mortgage Trust 2021-GCT, 0.8730% $1,081,285
Gemini HDPE LLC, 2027 Advance, 12/31/2027 $177,286
General Electric Co, 3.4489% 06/15/2170 $710,500
Genesee & Wyoming Inc, Initial Term Loan, 12/30/2026 $592,673
Genesis Private Label Amortizing Trust 2020-1, 2.8300% 07/20/2030 $626,711
Genesis Sales Finance Master Trust, 1.6500% 09/22/2025 $780,360
GFL Environmental Inc, 3.7500% 08/01/2025 $472,650
GFL Environmental Inc, 4.0000% 08/01/2028 $143,238
Glencore Funding LLC, 2.8500% 04/27/2031 $762,701
GLP Capital LP / GLP Financing II Inc, 5.7500% 06/01/2028 $779,357
GLS Auto Receivables Issuer Trust 2019-4, 3.0600% 08/15/2025 $771,818
GLS Auto Receivables Issuer Trust 2020-4, 1.1400% 11/17/2025 $934,315
GLS Auto Receivables Trust 2017-1, 3.5000% 07/15/2022 $197
GLS Auto Receivables Trust 2018-1, 3.5200% 08/15/2023 $86,532
GLS Auto Receivables Trust 2018-3, 4.1800% 07/15/2024 $658,565
Goldman Sachs Group Inc/The, 1.3259% 05/15/2026 $703,098
Greatbatch Ltd, Repriced Term Loan B, 10/27/2022 $520,654
GS Mortgage Securities Corp Trust 2012-ALOHA, 3.5510% $189,055
GS Mortgage Securities Trust 2020-GC45, 3.1731% $607,665
GS Mortgage-Backed Securities Trust 2020-NQM1, 2.3520% $493,035
Hanesbrands Inc, 5.3750% 05/15/2025 $592,900
Harbor Freight Tools USA Inc, Initial Loan (2020), 10/19/2027 $611,515
HCA Inc, 5.2500% 06/15/2049 $528,997
HCA Inc, Term Loan, 06/24/2028 $65,114
Hertz Vehicle Financing II LP, 2.6500% 07/25/2022 $48,167
Hertz Vehicle Financing II LP, 3.7100% 03/25/2023 $54,017
Hewlett Packard Enterprise Co, 4.9000% 10/15/2025 $768,426
Hilton Grand Vacations Borrower Escrow LLC / Hilton Grand Vacations Borrower Esc, 5.0000% 06/01/2029 $148,263
Hilton Grand Vacations Borrower LLC, First Lien Term Loan, 05/19/2028 $80,025
Hilton USA Trust 2016-SFP, 3.3228% $503,779
Hilton Worldwide Finance LLC, Refinanced Series B-2 Term Loan, 06/22/2026 $599,597
11 HollyFrontier Corp, 5.8750% 04/01/2026 $728,771
Home Partners of America 2020-2 Trust, 1.5320% 01/17/2041 $595,780
Homeward Opportunities Fund I Trust 2018-2, 3.9850% $1,960,202
Hostess Brands LLC, 2019 Refinancing Term B Loan (First Lien), 08/03/2025 $593,977
HP Inc, 3.4000% 06/17/2030 $894,313
Icahn Enterprises LP / Icahn Enterprises Finance Corp, 6.2500% 05/15/2026 $753,310
ICON Luxembourg Sarl, Term Loan B, 07/01/2028 $60,125
Idaho Health Facilities Authority, 5.0200% 03/01/2048 $572,740
Illumina Inc, 2.5500% 03/23/2031 $375,586
Indigo Merger Sub Inc, Term Loan B1, 07/01/2028 $14,980
Indigo Natural Resources LLC, 5.3750% 02/01/2029 $240,350
INEOS US Finance LLC, 2024 Dollar Term Loan, 04/01/2024 $682,306
INEOS US Petrochem LLC, 2026 Tranche B Dollar Term Loan, 01/29/2026 $458,418
Ingersoll-Rand Services Co, 2020 Spinco Tranche B-1 Dollar Term Loan, 03/01/2027 $43,894
International Flavors & Fragrances Inc, 2.3000% 11/01/2030 $631,416
Inversiones CMPC SA, 3.8500% 01/13/2030 $927,864
IQVIA Inc, Term B-3 Dollar Loan, 06/11/2025 $369,596
Jaguar Holding Co II / PPD Development LP, 5.0000% 06/15/2028 $308,917
JBS USA Lux S.A. (fka JBS USA, LLC), New Term Loan, 05/01/2026 $599,724
Jefferies Group LLC / Jefferies Group Capital Finance Inc, 4.8500% 01/15/2027 $395,480
Jersey Mike's Funding, 4.4330% 02/15/2050 $610,442
JP Morgan Mortgage Trust 2014-1, 3.5000% $32,392
JP Morgan Mortgage Trust 2014-2, 3.5000% $36,344
JP Morgan Mortgage Trust 2017-1, 3.4976% $200,000
JP Morgan Mortgage Trust 2017-3, 2.5000% $81,180
JP Morgan Mortgage Trust 2017-4, 3.5000% $507,774
JP Morgan Mortgage Trust 2017-5, 3.0905% $313,392
JPMorgan Chase & Co, 1.9530% 02/04/2032 $1,403,382
JPMorgan Chase & Co, 4.6000% 08/01/2169 $315,035
Kazakhstan Temir Zholy Finance BV, 6.9500% 07/10/2042 $603,689
KeyCorp, 5.0000% 12/15/2169 $489,896
Kinder Morgan Energy Partners LP, 7.5000% 11/15/2040 $1,306,108
KKR Industrial Portfolio Trust 2021-KDIP, 1.0729% $869,738
KNDL 2019-KNSQ Mortgage Trust, 0.8730% $565,350
Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp, 4.2500% 02/01/2027 $489,307
12 LCM Investments Holdings II LLC, 4.8750% 05/01/2029 $20,500
Legacy LifePoint Health LLC, 4.3750% 02/15/2027 $308,660
Leidos Inc, 2.3000% 02/15/2031 $780,496
Lendmark Funding Trust 2018-2, 4.2300% 04/20/2027 $161,715
Level 3 Financing Inc, 4.2500% 07/01/2028 $659,594
LHOME Mortgage Trust 2019-RTL1, 4.5800% $134,748
LHOME Mortgage Trust 2021-RTL1, 2.0900% $479,255
Liberty Mutual Group Inc, 4.5690% 02/01/2029 $732,429
LifePoint Health Inc, First Lien Term B Loan, 11/17/2025 $434,081
Lincoln National Corp, 2.2283% 04/20/2067 $523,519
Live Nation Entertainment Inc, 4.7500% 10/15/2027 $82,900
Louisiana-Pacific Corp, 3.6250% 03/15/2029 $493,063
Lumen Technologies Inc, Term B Loan, 03/15/2027 $150,439
M/I Homes Inc, 4.9500% 02/01/2028 $453,814
Mariner Finance Issuance Trust 2020-A, 2.1900% 08/21/2034 $564,501
Marriott International Inc/MD, 2.8500% 04/15/2031 $83,270
Marriott Ownership Resorts Inc, 4.7500% 01/15/2028 $343,275
Mello Warehouse Securitization Trust 2021-1, 1.2061% $400,985
Mello Warehouse Securitization Trust 2021-2, 1.1915% $180,217
MetLife Inc, 3.8500% 03/15/2170 $730,619
MetLife Inc, 5.8750% 09/15/2169 $319,323
Metlife Securitization Trust , 3.4974% 04/01/2055 $902,540
Metlife Securitization Trust 2019-1 , 3.7500% $369,090
Mexico Government International Bond, 2.6590% 05/24/2031 $630,094
Mileage Plus Holdings LLC, Initial Term Loan, 06/21/2027 $640,296
Mill City Mortgage Loan Trust 2017-1, 3.2500% 11/01/2058 $415,730
Mill City Mortgage Loan Trust 2019-1, 3.5000% $548,564
Morgan Stanley Bank of America Merrill Lynch Trust 2013-C13, 4.2660% $292,259
Morgan Stanley Bank of America Merrill Lynch Trust 2015-C22, 3.5610% $880,297
Morgan Stanley, 3.1250% 07/27/2026 $1,170,156
Morgan Stanley, 6.3750% 07/24/2042 $889,711
Motorola Solutions Inc, 4.6000% 02/23/2028 $602,473
Motorola Solutions Inc, 4.6000% 05/23/2029 $308,972
MPT Operating Partnership LP / MPT Finance Corp, 3.5000% 03/15/2031 $530,245
MPT Operating Partnership LP / MPT Finance Corp, 4.6250% 08/01/2029 $149,864
13 MPT Operating Partnership LP / MPT Finance Corp, 5.0000% 10/15/2027 $254,422
Mvw 2020-1 LLC , 1.7400% 10/20/2037 $336,422
MVW Owner Trust 2016-1, 2.2500% 12/20/2033 $96,341
National Fuel Gas Co, 2.9500% 03/01/2031 $246,421
Navistar Inc, Tranche B Term Loan, 11/06/2024 $225,136
NCR Corp, 5.1250% 04/15/2029 $360,938
New Residential Mortgage Loan Trust 2014-1, 3.7500% $246,404
New Residential Mortgage Loan Trust 2015-2, 3.7500% $163,139
New Residential Mortgage Loan Trust 2016-1, 3.7500% $79,597
New Residential Mortgage Loan Trust 2016-3, 4.0000% $448,761
New Residential Mortgage Loan Trust 2016-4, 3.7500% $58,207
New Residential Mortgage Loan Trust 2016-4, 4.5000% $585,794
New Residential Mortgage Loan Trust 2017-2, 4.0000% $123,941
New Residential Mortgage Loan Trust 2019-NQM4, 2.4919% $148,919
New Residential Mortgage Loan Trust 2020-1, 3.5000% $709,232
New Residential Mortgage Loan Trust 2021-NQM2R, 0.9405% $410,118
NewRez Warehouse Securitization Trust 2021-1, 1.1415% $120,080
Nexstar Broadcasting Inc, Term B-4 Loan, 09/18/2026 $449,336
Nouryon USA LLC, Initial Dollar Term Loan, 10/01/2025 $606,903
NovaStar Mortgage Funding Trust Series 2004-4, 1.8165% 03/25/2035 $52,323
Oasis 2020-1 LLC, 3.8196% 01/15/2032 $196,742
OBX 2018-EXP2 Trust, 4.0000% $152,870
OBX 2019-INV1 Trust, 4.5000% $179,792
Occidental Petroleum Corp, 5.5000% 12/01/2025 $16,575
Octane Receivables Trust 2019-1, 3.1600% 09/20/2023 $150,544
Octane Receivables Trust 2020-1, 1.7100% 02/20/2025 $419,682
Odebrecht Oil & Gas Finance Ltd, 0.0000% 01/03/2170 $253
Office Properties Income Trust, 4.5000% 02/01/2025 $602,658
Oman Government International Bond, 7.3750% 10/28/2032 $661,925
OneMain Direct Auto Receivables Trust 2018-1, 3.8500% 10/14/2025 $359,334
OneMain Finance Corp, 6.8750% 03/15/2025 $372,438
OneMain Finance Corp, 7.1250% 03/15/2026 $157,236
Onemain Financial Issuance Trust 2018-1, 3.3000% 03/14/2029 $335,089
Orange Lake Timeshare Trust 2019-A, 3.3600% 04/09/2038 $359,781
Oscar US Funding XII LLC, 1.0000% 04/10/2028 $544,570
14 Pactiv Evergreen Group Holdings Inc, Tranche B-1 U.S. Term Loan, 02/05/2023 $598,500
Par Pharmaceutical Inc, 7.5000% 04/01/2027 $219,801
Parsley Energy LLC / Parsley Finance Corp, 4.1250% 02/15/2028 $347,325
Patterson-UTI Energy Inc, 5.1500% 11/15/2029 $365,981
Peraton Corp, First Lien Term B Loan, 02/01/2028 $328,860
Pertamina Persero PT, 6.4500% 05/30/2044 $1,276,776
Perusahaan Perseroan Persero PT Perusahaan Listrik Negara, 4.1250% 05/15/2027 $227,745
Petroleos de Venezuela SA, 6.0000% 05/16/2024 $10,838
Petroleos Mexicanos, 6.5000% 03/13/2027 $369,425
Petroleos Mexicanos, 7.6900% 01/23/2050 $539,000
Petronas Capital Ltd, 3.5000% 04/21/2030 $580,545
PetSmart Inc, Initial Term Loan, 02/11/2028 $300,075
Playtika Holding Corp, Term B-1 Loan, 03/13/2028 $446,581
Pods LLC , Term Loan, 03/31/2028 $328,352
Post Holdings Inc, 4.5000% 09/15/2031 $369,390
PPD Inc, Initial Term Loan, 01/13/2028 $418,229
Pretium Mortgage Credit Partners I 2020-NPL3 LLC, 3.1048% $930,972
Pretium Mortgage Credit Partners I 2021-NPL1 LLC, 2.2395% $493,118
Prime Healthcare Services Inc, 7.2500% 11/01/2025 $37,890
Progress Residential 2018-SFR2 Trust, 3.8410% 08/01/2035 $475,176
Progress Residential 2019-SFR2 Trust, 3.1470% 05/01/2036 $393,970
Progress Residential 2019-SFR3 Trust, 2.5710% $466,092
Progress Residential 2021-SFR2 Trust, 2.1970% 04/03/2038 $748,671
Progress Residential 2021-SFR3, 2.2880% 05/01/2026 $451,813
Progress Residential Trust, 1.8550% 07/01/2038 $145,040
Provident Funding Mortgage Trust 2019-1, 3.0000% $395,966
Prpm 2020-1 LLC , 2.9810% $546,473
Prpm 2020-2 LLC , 3.6710% $186,104
Prpm 2020-3 LLC , 2.8570% $1,006,450
Prpm 2020-6 LLC , 2.3630% $1,024,191
Prpm 2021-2 LLC , 2.1150% $1,027,835
Prpm 2021-3 LLC , 1.8670% $584,891
Prudential Financial Inc, 5.6250% 06/15/2043 $772,670
Prudential Financial Inc, 5.8750% 09/15/2042 $301,278
Pug LLC, USD Term B Loan, 02/12/2027 $269,762
15 Puget Energy Inc, 2.3790% 06/15/2028 $457,633
PulteGroup Inc, 6.3750% 05/15/2033 $369,813
Purchasing Power Funding 2021-A LLC, 1.5700% 10/15/2025 $899,871
Qatar Government International Bond, 4.4000% 04/16/2050 $748,546
Quikrete Holdings Inc, Term Loan B1, 06/11/2028 $431,329
QVC Inc, 4.3750% 03/15/2023 $463,976
Radiate Holdco LLC / Radiate Finance Inc, 4.5000% 09/15/2026 $155,250
Radiate Holdco LLC, Term B Loan, 09/25/2026 $60,817
RCKT Mortgage Trust 2020-1, 3.0000% $553,271
RCO V Mortgage LLC 2019-2, 3.4748% $523,604
Republic of South Africa Government International Bond, 4.8500% 09/27/2027 $665,725
Residential Mortgage Loan Trust 2019-2, 2.9130% $291,939
Resideo Funding Inc, New Term Loan B, 02/11/2028 $299,250
Retail Opportunity Investments Partnership LP, 4.0000% 12/15/2024 $523,624
Retail Properties of America Inc, 4.7500% 09/15/2030 $864,072
Sabine Pass Liquefaction LLC, 4.2000% 03/15/2028 $237,159
Sabine Pass Liquefaction LLC, 6.2500% 03/15/2022 $435,941
Sales Tax Securitization Corp, 3.4110% 01/01/2043 $75,642
Santa Clara Valley Water District, 2.9670% 06/01/2050 $514,052
Santander Drive Auto Receivables Trust 2020-4, 1.0100% 01/15/2026 $1,398,063
Santander Holdings USA Inc, 4.4000% 07/13/2027 $719,238
Saudi Government International Bond, 3.2500% 10/22/2030 $521,981
SBA Senior Finance II LLC, Initial Term Loan, 04/11/2025 $614,664
Science Applications International Corp, 4.8750% 04/01/2028 $608,275
Scientific Games International Inc, 5.0000% 10/15/2025 $382,025
Scientific Games International Inc, 7.0000% 05/15/2028 $87,376
Scientific Games International Inc, 8.2500% 03/15/2026 $225,221
Sedgwick Claims Management Services Inc, Initial Term Loan, 12/31/2025 $620,953
Seminole Tribe of Florida Inc, 2018 Replacement Term B Loan, 07/08/2024 $273,373
Sequoia Mortgage Trust 2013-8, 3.5065% $118,947
Service Properties Trust, 4.9500% 02/15/2027 $636,800
SG Residential Mortgage Trust 2019-3, 2.7030% $642,434
SK Hynix Inc, 1.5000% 01/19/2026 $458,685
Skopos Auto Receivables Trust 2019-1, 3.6300% 09/16/2024 $586,927
Small Business Lending Trust 2019-A, 2.8500% 07/15/2026 $43,906
16 Societe Generale SA, 4.7500% 11/24/2025 $596,553
Sophia LP, Closing Date Term Loan, 10/07/2027 $542,389
Southern Co/The, 3.7500% 09/15/2051 $799,082
Spirit AeroSystems Inc, 5.5000% 01/15/2025 $632,188
Sprint Spectrum Co LLC / Sprint Spectrum Co II LLC / Sprint Spectrum Co III LLC, 4.7380% 03/20/2025 $603,484
Square Inc, 3.5000% 06/01/2031 $408,544
Sram LLC , Initial Term Loan, 05/18/2028 $159,200
Stanley Black & Decker Inc, 4.0000% 03/15/2060 $616,588
Star US Bidco LLC, Initial Term Loan, 03/17/2027 $460,507
Starwood Mortgage Residential Trust 2020-2, 2.7180% $304,462
Starwood Mortgage Residential Trust 2020-3, 1.4860% $313,112
Starwood Mortgage Residential Trust 2021-3, 1.5180% $294,998
State of Texas, 3.2110% 04/01/2044 $189,876
Station Casinos LLC, Term B-1 Facility Loan, 02/08/2027 $160,928
Summit Materials LLC, New Term Loan, 11/21/2024 $597,151
Surgery Center Holdings Inc, 6.7500% 07/01/2025 $15,300
Syngenta Finance NV, 4.4410% 04/24/2023 $211,139
Synovus Financial Corp, 5.9000% 02/07/2029 $325,459
Talen Energy Supply LLC, 6.6250% 01/15/2028 $283,914
Targa Resources Partners LP / Targa Resources Partners Finance Corp, 5.8750% 04/15/2026 $451,633
Teck Resources Ltd, 6.1250% 10/01/2035 $695,209
Telesat Canada / Telesat LLC, 5.6250% 12/06/2026 $175,656
Telesat Canada / Telesat LLC, 6.5000% 10/15/2027 $290,513
Tenable Inc, Term Loan B, 06/17/2028 $134,663
Tenet Healthcare Corp, 7.5000% 04/01/2025 $54,007
Tenneco Inc, 5.1250% 04/15/2029 $554,899
Teva Pharmaceutical Finance Netherlands III BV, 3.1500% 10/01/2026 $489,894
Texas Capital Bancshares Inc, 4.0000% 05/06/2031 $924,666
Texas Public Finance Authority, 2.1400% 02/01/2035 $570,589
Texas Transportation Commission State Highway Fund, 4.0000% 10/01/2033 $196,753
T-Mobile USA Inc, 3.8750% 04/15/2030 $966,914
Toronto-Dominion Bank/The, 3.6250% 09/15/2031 $803,320
Towd Point HE Trust 2019-HE1, 0.9915% $395,624
Towd Point Mortgage Trust 2015-2, 3.2500% $600,909
Towd Point Mortgage Trust 2016-1, 3.5000% $164,304
17 Towd Point Mortgage Trust 2016-3, 3.5000% 04/01/2056 $1,117,792
Towd Point Mortgage Trust 2016-4, 3.8598% 07/01/2056 $637,934
Towd Point Mortgage Trust 2017-4, 3.0000% $704,458
Towd Point Mortgage Trust 2018-6, 3.7500% $447,868
Towd Point Mortgage Trust 2018-6, 3.7500% $1,348,028
Towd Point Mortgage Trust 2019-1, 3.7218% $623,698
Towd Point Mortgage Trust 2019-2, 3.7500% 12/01/2058 $534,661
Towd Point Mortgage Trust 2019-4, 3.2500% 10/01/2059 $694,566
Towd Point Mortgage Trust 2020-MH1, 2.5000% $1,142,515
TransDigm Inc, 5.5000% 11/15/2027 $317,963
TransDigm Inc, Tranche E Refinancing Term Loan, 05/30/2025 $664,643
Transocean Guardian Ltd, 5.8750% 01/15/2024 $95,183
Tricon American Homes 2019-SFR1 Trust, 3.1490% 02/28/2038 $450,883
Tricon American Homes 2020-SFR2 Trust, 2.2810% 11/01/2027 $635,680
Trinity Rail Leasing 2019-1 LLC, 3.8200% 04/17/2049 $368,651
Trinseo Materials Operating SCA, 2021 Incremental Term Loan, 03/17/2028 $481,062
TripAdvisor Inc, 7.0000% 07/15/2025 $478,820
Truist Financial Corp, 5.1000% 03/01/2170 $764,150
Turkey Government International Bond, 5.8750% 06/26/2031 $1,091,813
TVC Mortgage Trust 2020-RTL1, 5.1930% $509,844
UBS AG/Stamford CT, 7.6250% 08/17/2022 $1,538,373
UKG Inc, 2021 Incremental Term Loan, 05/04/2026 $268,370
Ultra Clean Holdings Inc, Second Amendment Term B Loan, 08/27/2025 $176,623
United Airlines Inc, Class B Term Loan, 04/21/2028 $45,550
United Auto Credit Securitization Trust 2019-1, 3.4700% 08/12/2024 $498,696
United Auto Credit Securitization Trust, 0.8400% 06/10/2026 $899,287
United States Treasury Note/Bond, 0.2500% 05/31/2025 $1,582,957
United States Treasury Note/Bond, 0.2500% 11/15/2023 $3,464,171
United States Treasury Note/Bond, 1.1250% 02/15/2031 $2,490,054
United States Treasury Note/Bond, 1.3750% 08/15/2050 $10,744,135
United States Treasury Note/Bond, 1.5000% 02/15/2030 $2,045,013
United States Treasury Note/Bond, 1.6250% 05/15/2031 $1,512,816
United States Treasury Note/Bond, 1.8750% 02/15/2051 $3,674,344
United States Treasury Note/Bond, 2.0000% 02/15/2050 $2,009,053
United States Treasury Note/Bond, 3.0000% 08/15/2048 $11,754,776
18 University of California, 4.4280% 05/15/2048 $419,618
UPC Broadband Finco BV, 4.8750% 07/15/2031 $601,380
UPC Financing Partnership, Facility AX, 01/31/2029 $278,040
Utah Acquisition Sub Inc, 3.9500% 06/15/2026 $738,029
Vcat 2020-Npl1 LLC , 3.6710% 08/25/2050 $157,750
Vcat 2021-Npl1 LLC , 4.8262% $619,606
Vcat 2021-Npl2 LLC , 2.1150% $409,781
Vcat 2021-Npl3 LLC , 1.7430% $474,852
Vector Group Ltd, 5.7500% 02/01/2029 $595,945
Venezuela Government International Bond, 7.6500% 04/21/2025 $32,000
Venezuela Government International Bond, 8.2500% 10/13/2024 $4,120
Venezuela Government International Bond, 9.3750% 01/13/2034 $13,000
Verizon Communications Inc, 2.5500% 03/21/2031 $428,270
Veros Automobile Receivables Trust 2020-1, 2.1900% 06/16/2025 $589,648
Verus Securitization Trust 2019-4, 3.2070% $285,297
Verus Securitization Trust 2019-INV2, 2.9130% $273,095
Virgin Media Bristol LLC, Facility Q, 01/31/2029 $69,893
Visio 2020-1R Trust, 1.5670% $366,858
Visio Trust, 1.2800% $422,833
Volt C LLC , 1.9918% $358,352
Volt Xcii LLC , 1.8925% $668,408
Vontier Corp, 2.9500% 04/01/2031 $644,929
WaMu Mortgage Pass-Through Certificates Series 2003-S11 Trust, 5.9500% $102,873
Weber-Stephen Products LLC, Initial Term B Loan, 10/30/2027 $308,836
Wells Fargo & Co, 2.3930% 06/02/2028 $1,358,595
Wells Fargo & Co, 3.9000% 03/15/2170 $1,195,772
Wells Fargo Mortgage Backed Securities 2020-4 Trust, 3.0000% $174,344
Westgate Resorts 2020-1 LLC, 2.7130% 03/01/2034 $627,945
WEX Inc, Term B Loan, 03/31/2028 $578,799
WFRBS Commercial Mortgage Trust 2014-C24, 3.9310% $279,791
Xerox Holdings Corp, 5.5000% 08/15/2028 $472,740
Zayo Group Holdings Inc, Initial Dollar Term Loan, 03/09/2027 $372,568
Zebra Buyer LLC, Term Loan, 04/22/2028 $45,104
Zions Bancorp NA $178,048
Zions Bancorp NA, 3.2500% 10/29/2029 $424,456
19 Fixed Income Total Market Value: $289,717,158
Total Invested Assets: $953,239,152
The holdings do not include cash, cash equivalents, futures, forward contracts. This fund is actively managed and current holdings may be different. The fund holdings listing provided here is not part of the fund's annual/semiannual report or Form NPORT-EX. The most recent annual/semiannual report can be viewed at www.virtus.com. Forms NPORT-Q are available at the SEC's website at www.sec.gov. The information provided in this listing may differ from a fund's holdings disclosed in it's annual/semiannual report and Form NPORT-EX. Please carefully consider the investment objectives, risks, charges, and expenses of the Fund before investing. For this and other information about any Virtus mutual fund, call 1-800-243-4361 or visit www.virtus.com for a prospectus and/or summary prospectus. Read the prospectus and/or summary prospectus carefully before you invest or send money.
Mutual funds distributed by VP Distributors, LLC.
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