Virtus AllianzGI Artificial Intelligence & Technology Opportunities Fund

as of : 05/28/2021 (Unaudited)

SECURITY SHARES TRADED MARKET VALUE % OF PORTFOLIO NXP Semiconductors NV 89,880 $19,002,430 1.89 %

Microsoft Corp 76,095 $18,999,400 1.89 %

Deere & Co 52,235 $18,862,059 1.87 %

UnitedHealth Group Inc 40,120 $16,526,230 1.64 %

IQVIA Holdings Inc 63,895 $15,345,023 1.52 %

ON Semiconductor Corp 14,000,000 $14,665,000 1.46 %

Mastercard Inc 40,120 $14,466,470 1.44 %

Citigroup Inc 182,535 $14,367,330 1.43 %

Square, Inc. 0.25% 01-NOV-2027 12,500,000 $14,054,688 1.40 %

Morgan Stanley 151,625 $13,790,294 1.37 %

Broadcom Inc 8.00 % Cum Conv Pfd Registered Shs 2019-30.09.22 Series A 8,965 $13,634,689 1.35 %

JPMorgan Chase & Co 82,100 $13,484,104 1.34 %

Anthem Inc 33,835 $13,473,774 1.34 %

Marvell Technology Inc 268,390 $12,963,237 1.29 %

Snap Inc 12,425,000 $12,782,219 1.27 %

Visa Inc 56,215 $12,777,670 1.27 %

Flex Ltd 656,100 $11,986,947 1.19 %

Alphabet, Inc.- Cl A 5,080 $11,972,798 1.19 %

Microchip Technology Incorporated 0.125% 15-NOV-2024 10,457,000 $11,966,729 1.19 %

Royal Caribbean Cruises Ltd. /Subsidiaries (2)/ 2.875% 15-NOV-2023 9,000,000 $11,920,500 1.18 %

First Republic Bank/CA 61,770 $11,825,249 1.17 %

1 SECURITY SHARES TRADED MARKET VALUE % OF PORTFOLIO Micron Technology Inc 137,890 $11,602,065 1.15 %

2020 Cash Mandatory Exchangeable Trust 9,330 $11,503,703 1.14 %

Applied Materials Inc 83,190 $11,491,035 1.14 %

Hilton Worldwide Holdings Inc 90,830 $11,378,274 1.13 %

Honeywell International Inc 49,100 $11,337,681 1.13 %

Ford Motor Company 0.0% 15-MAR-2026 10,000,000 $10,995,227 1.09 %

Okta, Inc. 0.375% 15-JUN-2026 9,250,000 $10,839,844 1.08 %

Lam Research Corp 16,630 $10,807,006 1.07 %

Danaher Corporation Cum Conv Red Pfd Registered Shs Series A 6,200 $10,769,400 1.07 %

Aptiv PLC 68,175 $10,254,884 1.02 %

XPO Logistics Inc 68,100 $10,005,933 0.99 %

Skyworks Solutions Inc 58,135 $9,882,950 0.98 %

Amazon.com Inc 3,045 $9,814,248 0.98 %

Oak Street Health, Inc. 0.0% 15-MAR-2026 9,500,000 $9,779,063 0.97 %

Lumentum Holdings, Inc. 0.5% 15-DEC-2026 9,000,000 $9,663,745 0.96 %

Starbucks Corp 83,670 $9,528,340 0.95 %

MACOM Technology Solutions Holdings, Inc. 0.25% 15-MAR-2026 9,385,000 $9,525,775 0.95 %

Walt Disney Co/The 53,315 $9,524,725 0.95 %

Laboratory Corp of America Holdings 34,310 $9,417,409 0.94 %

Roku Inc 25,565 $8,863,641 0.88 %

Motorola Solutions Inc 42,870 $8,801,640 0.87 %

United Parcel Service Inc 40,095 $8,604,387 0.85 %

Bentley Systems, Inc. 0.125% 15-JAN-2026 7,500,000 $8,430,000 0.84 %

Analog Devices Inc 50,775 $8,357,565 0.83 %

Dexcom Inc 8,490,000 $8,325,506 0.83 %

Facebook Inc 25,300 $8,316,869 0.83 %

2 SECURITY SHARES TRADED MARKET VALUE % OF PORTFOLIO Zynga Inc. 0.0% 15-DEC-2026 7,500,000 $8,081,250 0.80 %

Teladoc Health, Inc. 1.25% 01-JUN-2027 7,645,000 $8,055,919 0.80 %

Palo Alto Networks, Inc. 0.75% 01-JUL-2023 5,600,000 $8,050,000 0.80 %

Five9, Inc. 0.5% 01-JUN-2025 5,500,000 $7,926,875 0.79 %

Caesars Entertainment Inc 73,235 $7,869,101 0.78 %

Freeport-McMoRan Inc 183,855 $7,854,286 0.78 %

Insulet Corporation 0.375% 01-SEP-2026 5,850,000 $7,849,969 0.78 %

Guardant Health, Inc. 0.0% 15-NOV-2027 7,000,000 $7,800,625 0.78 %

Intuit Inc 17,525 $7,695,052 0.76 %

Oracle Corp 96,400 $7,590,536 0.75 %

Crowdstrike Holdings Inc 33,120 $7,357,608 0.73 %

Match Group FinanceCo 3, Inc. 2.0% 15-JAN-2030 4,000,000 $7,357,500 0.73 %

Tesla, Inc. 2.0% 15-MAY-2024 730,000 $7,336,500 0.73 %

Etsy, Inc. 0.125% 01-SEP-2027 6,310,000 $7,306,980 0.73 %

Schlumberger NV 230,460 $7,220,312 0.72 %

Zscaler, Inc. 0.125% 01-JUL-2025 5,000,000 $7,217,500 0.72 %

Shopify, Inc. 0.125% 01-NOV-2025 6,000,000 $7,207,500 0.72 %

NovoCure Ltd. 0.0% 01-NOV-2025 5,000,000 $7,018,750 0.70 %

Zendesk, Inc. 0.625% 15-JUN-2025 5,000,000 $7,015,500 0.70 %

Uber Technologies, Inc. 0.0% 15-DEC-2025 6,790,000 $6,908,825 0.69 %

Bill.com Holdings, Inc. 0.0% 01-DEC-2025 5,750,000 $6,831,719 0.68 %

Zillow Group, Inc. 1.5% 01-JUL-2023 4,525,000 $6,830,035 0.68 %

Southwest Airlines Co. 1.25% 01-MAY-2025 4,000,000 $6,810,000 0.68 %

DocuSign, Inc. 0.0% 15-JAN-2024 7,000,000 $6,769,000 0.67 %

Datadog, Inc. 0.125% 15-JUN-2025 5,500,000 $6,751,250 0.67 %

Avantor, Inc. Cum Conv Pfd Registered Shs Series A 67,500 $6,727,050 0.67 %

3 SECURITY SHARES TRADED MARKET VALUE % OF PORTFOLIO II-VI Incorporated 0.25% 01-SEP-2022 4,500,000 $6,716,250 0.67 %

RingCentral, Inc. 0.0% 01-MAR-2025 6,295,000 $6,590,078 0.65 %

Cadence Design Systems Inc 51,725 $6,568,558 0.65 %

Chegg, Inc. 0.0% 01-SEP-2026 6,500,000 $6,548,750 0.65 %

LivePerson, Inc. 0.0% 15-DEC-2026 6,500,000 $6,503,900 0.65 %

Fastly, Inc. 0.0% 15-MAR-2026 7,500,000 $6,491,250 0.64 %

Charles River Laboratories International Inc 19,110 $6,458,989 0.64 %

NeoGenomics, Inc. 0.25% 15-JAN-2028 7,000,000 $6,448,750 0.64 %

Wayfair, Inc. 0.625% 01-OCT-2025 6,000,000 $6,318,750 0.63 %

SVB Financial Group 10,490 $6,114,516 0.61 %

Pure Storage, Inc. 0.125% 15-APR-2023 5,750,000 $5,997,969 0.60 %

FedEx Corp 18,860 $5,937,317 0.59 %

Repay Holdings Corp. 0.0% 01-FEB-2026 6,000,000 $5,793,750 0.58 %

Coupa Software, Inc. 0.375% 15-JUN-2026 5,300,000 $5,767,063 0.57 %

Shift4 Payments, Inc. 0.0% 15-DEC-2025 4,250,000 $5,737,713 0.57 %

MongoDB, Inc. 0.25% 15-JAN-2026 3,750,000 $5,737,500 0.57 %

Rockwell Automation Inc 21,495 $5,668,661 0.56 %

LendingTree, Inc. 0.5% 15-JUL-2025 6,365,000 $5,617,113 0.56 %

HubSpot, Inc. 0.375% 01-JUN-2025 3,000,000 $5,602,500 0.56 %

Pinduoduo, Inc. 0.0% 01-DEC-2025 5,500,000 $5,590,750 0.56 %

Qorvo Inc 30,380 $5,551,034 0.55 %

Charles Schwab Corp/The 73,295 $5,412,836 0.54 %

Redfin Corporation 0.0% 15-OCT-2025 5,000,000 $5,407,500 0.54 %

NIO Inc. 0.0% 01-FEB-2026 6,000,000 $5,196,000 0.52 %

Keysight Technologies Inc 36,445 $5,189,039 0.52 %

NiCE Ltd. 0.0% 15-SEP-2025 5,000,000 $5,056,866 0.50 %

4 SECURITY SHARES TRADED MARKET VALUE % OF PORTFOLIO Splunk Inc. 1.125% 15-JUN-2027 5,500,000 $5,046,250 0.50 %

Alarm.com Holdings, Inc. 0.0% 15-JAN-2026 5,500,000 $5,005,000 0.50 %

Progressive Corp/The 48,740 $4,829,159 0.48 %

Illumina, Inc. 0.0% 15-AUG-2023 4,000,000 $4,785,000 0.48 %

Akamai Technologies, Inc. 0.125% 01-MAY-2025 3,580,000 $4,637,890 0.46 %

Exact Sciences Corporation 0.375% 01-MAR-2028 4,000,000 $4,600,000 0.46 %

Liberty Media Corp. 1.0% 30-JAN-2023 3,500,000 $4,478,250 0.44 %

DraftKings, Inc. 0.0% 15-MAR-2028 4,820,000 $4,386,200 0.44 %

CommScope Inc, 8.2500% 03/01/2027 4,000,000 $4,270,000 0.42 %

Horizon Therapeutics USA Inc, 5.5000% 08/01/2027 4,000,000 $4,248,800 0.42 %

NanoString Technologies Inc 3,000,000 $4,220,700 0.42 %

LogMeIn Inc, 5.5000% 09/01/2027 4,000,000 $4,119,680 0.41 %

Intuitive Surgical Inc 4,835 $4,071,940 0.40 %

Charles River Laboratories International Inc, 4.0000% 03/15/2031 4,000,000 $4,055,000 0.40 %

Enphase Energy, Inc. 0.0% 01-MAR-2028 4,500,000 $3,897,125 0.39 %

Teradyne Inc 27,145 $3,592,641 0.36 %

Netflix Inc, 5.3750% 11/15/2029 3,000,000 $3,547,380 0.35 %

Equinix Inc 4,810 $3,543,623 0.35 %

Spotify USA, Inc. 0.0% 15-MAR-2026 3,590,000 $3,277,670 0.33 %

Enphase Energy, Inc. 0.0% 01-MAR-2026 3,500,000 $3,188,500 0.32 %

Match Group Holdings II LLC, 5.0000% 12/15/2027 3,000,000 $3,138,750 0.31 %

Go Daddy Operating Co LLC / GD Finance Co Inc, 5.2500% 12/01/2027 3,000,000 $3,135,000 0.31 %

Dell International LLC / EMC Corp, 7.1250% 06/15/2024 3,000,000 $3,060,000 0.30 %

Twilio Inc 8,450 $2,839,200 0.28 % salesforce.com Inc 9,355 $2,227,426 0.22 %

Hologic Inc 21,240 $1,339,394 0.13 %

5 SECURITY SHARES TRADED MARKET VALUE % OF PORTFOLIO Intel Corp 23,185 $1,324,327 0.13 %

Delta Air Lines Inc 22,280 $1,062,310 0.11 %

ServiceNow Inc 2,230 $1,056,752 0.10 %

ZoomInfo Technologies Inc 20,762 $909,998 0.09 %

C3.ai Inc 7,674 $473,563 0.05 %

Holdings subject to change.

Portfolio holdings are subject to change daily without notice and may not represent current or past portfolio composition. The holdings presented above include those directly held by the Fund and exclude cash, cash equivalents, as well as certain other assets and liabilities. Unlike the fund's regulatory filings, the portfolio data and its presentation in this document are not required to conform to Generally Accepted Accounting Principles (GAAP) and Securities and Exchange Commission (SEC) presentation requirements. Therefore, the information provided may differ from a fund's holdings disclosed in its annual/semi-annual report and Form N PORT-EX due to the exclusions noted above.

For information related to the Fund's collateral investments and other items mentioned above, please refer to the most recent Form N PORT-EX or the annual/semi-annual report in the above 'Related Resources' scrolling section of the page. Forms N PORT-EX are available on the SEC’s website at www.sec.gov.

Mutual funds distributed by VP Distributors LLC.

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