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Virtus Vontobel Emerging Markets Opportunities Fund Fund Investments As of : 06/30/2021 (Unaudited)

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Virtus Vontobel Emerging Markets Opportunities Fund Fund Investments As of : 06/30/2021 (Unaudited) Virtus Vontobel Emerging Markets Opportunities Fund Fund Investments as of : 06/30/2021 (Unaudited) Percentage of Market Value by Country Brazil 3.8% Vietnam Brazil China 34.1% United Kingdom China Hong Kong 4.8% Thailand India 11.4% Taiwan Indonesia 4.5% South Africa Korea (South) 16.1% Singapore Malaysia 1.2% Peru Mexico 3.0% Mexico Peru 0.9% Malaysia Singapore 2.0% South Africa 2.5% Taiwan 11.3% Thailand 2.7% United Kingdom 1.4% Korea (South) Hong Kong Vietnam 0.4% Indonesia India Total: 100.0% Brazil 3.78% Shares Security Name Market Value 7,699,564 Lojas Renner SA $68,856,127 14,219,505 B3 SA - Brasil Bolsa Balcao $47,886,266 1,175,772 XP Inc $51,204,871 3,969,481 Notre Dame Intermedica Participacoes SA $67,916,449 Brazil Total Market Value: $235,863,713 China 34.05% Shares Security Name Market Value 1,035,731 Autohome Inc $66,245,355 651,221 NetEase Inc $75,053,220 5,060,913 NetEase Inc $114,654,843 4,856,997 Tencent Holdings Ltd $365,324,144 4,796,941 Alibaba Group Holding Ltd $135,920,433 1,041,923 Baozun Inc $36,925,751 2,774,076 China Tourism Group Duty Free Corp Ltd $128,841,082 1,685,849 Meituan $69,567,897 1,073,060 Shenzhou International Group Holdings Ltd $27,101,872 1 3,065,151 Yum China Holdings Inc $203,066,254 1,945,376 Yum China Holdings Inc $126,905,573 8,863,480 Chacha Food Co Ltd $59,122,331 3,242,988 Foshan Haitian Flavouring & Food Co Ltd $64,719,730 14,323,971 Toly Bread Co Ltd $69,165,264 3,269,504 Wuliangye Yibin Co Ltd $150,732,815 2,742,155 BOC Aviation Ltd $23,132,949 4,276,940 Shanghai International Airport Co Ltd $31,858,038 6,674,508 Shanghai M&G Stationery Inc $87,348,257 6,299,946 Hundsun Technologies Inc $90,919,215 2,430,049 Sunny Optical Technology Group Co Ltd $76,804,609 6,257,153 ENN Energy Holdings Ltd $119,110,186 China Total Market Value: $2,122,519,818 Hong Kong 4.85% Shares Security Name Market Value 47,476,153 Budweiser Brewing Co APAC Ltd $149,809,480 9,126,134 Vitasoy International Holdings Ltd $33,910,200 850,388 Hong Kong Exchanges & Clearing Ltd $50,688,351 5,769,326 MTR Corp Ltd $32,137,263 2,033,047 Techtronic Industries Co Ltd $35,506,250 Hong Kong Total Market Value: $302,051,544 India 11.37% Shares Security Name Market Value 1,637,772 Eicher Motors Ltd $58,855,572 2,552,313 HDFC Bank Ltd $51,434,275 3,430,031 Housing Development Finance Corp Ltd $114,222,847 2,774,979 Kotak Mahindra Bank Ltd $63,684,891 20,606,908 HCL Technologies Ltd $272,661,025 3,289,672 Tata Consultancy Services Ltd $148,075,072 India Total Market Value: $708,933,682 2 Indonesia 4.49% Shares Security Name Market Value 36,083,536 Bank Central Asia Tbk PT $74,966,657 377,293,167 Bank Rakyat Indonesia Persero Tbk PT $102,519,661 472,046,113 Telkom Indonesia Persero Tbk PT $102,547,949 Indonesia Total Market Value: $280,034,266 Korea (South) 16.11% Shares Security Name Market Value 608,998 NAVER Corp $225,775,132 46,316 NCSoft Corp $33,724,744 70,687 LG Household & Health Care Ltd $110,598,494 3,783,715 Samsung Electronics Co Ltd $271,141,323 3,206,851 SK Hynix Inc $363,071,973 Korea (South) Total Market Value: $1,004,311,665 Malaysia 1.17% Shares Security Name Market Value 73,830,008 Public Bank Bhd $73,091,975 Malaysia Total Market Value: $73,091,975 Mexico 2.98% Shares Security Name Market Value 1,153,028 Fomento Economico Mexicano SAB de CV $97,442,396 27,066,269 Wal-Mart de Mexico SAB de CV $88,405,978 Mexico Total Market Value: $185,848,375 Peru 0.92% Shares Security Name Market Value 471,507 Credicorp Ltd $57,104,213 Peru Total Market Value: $57,104,213 3 Singapore 1.98% Shares Security Name Market Value 6,427,921 United Overseas Bank Ltd $123,424,496 Singapore Total Market Value: $123,424,496 South Africa 2.53% Shares Security Name Market Value 750,274 Naspers Ltd $157,525,490 South Africa Total Market Value: $157,525,490 Taiwan 11.29% Shares Security Name Market Value 2,837,890 Accton Technology Corp $33,662,544 332,422 Largan Precision Co Ltd $36,985,489 3,586,817 Realtek Semiconductor Corp $65,010,052 589,748 Taiwan Semiconductor Manufacturing Co Ltd $70,864,120 20,219,557 Taiwan Semiconductor Manufacturing Co Ltd $431,785,964 4,872,105 Win Semiconductors Corp $65,573,419 Taiwan Total Market Value: $703,881,588 Thailand 2.72% Shares Security Name Market Value 54,836,472 Cp All Pcl $102,657,982 34,467,653 Airports of Thailand PCL $66,676,895 Thailand Total Market Value: $169,334,877 United Kingdom 1.38% Shares Security Name Market Value 1,467,753 Unilever PLC $85,914,260 United Kingdom Total Market Value: $85,914,260 Vietnam 0.38% Shares Security Name Market Value 4 6,004,842 Vietnam Dairy Products JSC $23,585,233 Vietnam Total Market Value: $23,585,233 Total Invested Assets: $6,233,425,195 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-EX 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. 5.
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