Virtus Newfleet High Yield Fund
Fund Investments as of : 06/30/2021 (Unaudited)
Security Name Market Value Cars.com Inc, 6.3750% 11/01/2028 $314,629
CCO Holdings LLC / CCO Holdings Capital Corp, 4.7500% 03/01/2030 $343,688
CCO Holdings LLC / CCO Holdings Capital Corp, 5.1250% 05/01/2027 $367,115
Cinemark USA Inc, 5.8750% 03/15/2026 $308,703
Clear Channel Outdoor Holdings Inc $19,224
Clear Channel Outdoor Holdings Inc, 7.7500% 04/15/2028 $5,238
Clear Channel Worldwide Holdings Inc, 5.1250% 08/15/2027 $102,522
CSC Holdings LLC, 5.7500% 01/15/2030 $623,250
Diamond Sports Group LLC / Diamond Sports Finance Co, 5.3750% 08/15/2026 $67,988
Diamond Sports Group LLC / Diamond Sports Finance Co, 6.6250% 08/15/2027 $137,518
DISH DBS Corp, 7.7500% 07/01/2026 $368,063 iHeartCommunications Inc, 8.3750% 05/01/2027 $291,106
Live Nation Entertainment Inc, 4.7500% 10/15/2027 $202,069
Live Nation Entertainment Inc, 5.6250% 03/15/2026 $302,000
McGraw-Hill Global Education Holdings LLC / McGraw-Hill Global Education Finance, 7.8750% 05/15/2024 $214,200
Northwest Fiber LLC / Northwest Fiber Finance Sub Inc, 10.7500% 06/01/2028 $298,125
Radiate Holdco LLC / Radiate Finance Inc, 4.5000% 09/15/2026 $144,900
Radiate Holdco LLC / Radiate Finance Inc, 6.5000% 09/15/2028 $246,903
TripAdvisor Inc, 7.0000% 07/15/2025 $301,280
Twitter Inc, 3.8750% 12/15/2027 $318,750
Univision Communications Inc, 5.1250% 02/15/2025 $331,565
Univision Communications Inc, 9.5000% 05/01/2025 $93,713
UPC Broadband Finco BV, 4.8750% 07/15/2031 $596,369
Adtalem Global Education Inc, 5.5000% 03/01/2028 $416,376
Ambience Merger Sub Inc, 4.8750% 07/15/2028 $75,188
Ambience Merger Sub Inc, 7.1250% 07/15/2029 $318,150
1 Virtus Newfleet High Yield Fund
Fund Investments as of : 06/30/2021 (Unaudited)
Security Name Market Value American Axle & Manufacturing Inc, 6.5000% 04/01/2027 $344,500
Aston Martin Capital Holdings Ltd, 10.5000% 11/30/2025 $356,317
BCPE Ulysses Intermediate Inc, 7.7500% 04/01/2027 $312,625
Caesars Entertainment Inc, 6.2500% 07/01/2025 $143,100
Caesars Entertainment Inc, 8.1250% 07/01/2027 $116,781
Carnival Corp, 7.6250% 03/01/2026 $43,450
Carriage Services Inc, 4.2500% 05/15/2029 $274,582
Carvana Co, 5.6250% 10/01/2025 $244,106
Carvana Co, 5.8750% 10/01/2028 $126,264
Clarios Global LP / Clarios US Finance Co, 8.5000% 05/15/2027 $278,001
Downstream Development Authority of the Quapaw Tribe of Oklahoma, 10.5000% 02/15/2023 $291,858
Ford Motor Co, 9.0000% 04/22/2025 $133,150
Ford Motor Co, 9.6250% 04/22/2030 $99,015
Ford Motor Credit Co LLC, 4.1250% 08/17/2027 $212,155
Gateway Casinos & Entertainment Ltd, 8.2500% 03/01/2024 $315,000
Golden Nugget Inc, 8.7500% 10/01/2025 $274,331
Goodyear Tire & Rubber Co/The, 5.0000% 07/15/2029 $62,820
Goodyear Tire & Rubber Co/The, 5.2500% 07/15/2031 $104,500
Hilton Grand Vacations Borrower Escrow LLC / Hilton Grand Vacations Borrower Esc, 5.0000% 06/01/2029 $306,750
LCM Investments Holdings II LLC, 4.8750% 05/01/2029 $20,500
Legends Hospitality Holding Co LLC / Legends Hospitality Co-Issuer Inc, 5.0000% 02/01/2026 $323,175
M/I Homes Inc, 4.9500% 02/01/2028 $292,110
Magic Mergeco Inc, 7.8750% 05/01/2029 $103,125
Marriott Ownership Resorts Inc, 4.7500% 01/15/2028 $302,287
Metis Merger Sub LLC, 6.5000% 05/15/2029 $196,970
Mohegan Gaming & Entertainment, 8.0000% 02/01/2026 $308,246
MYT Holding LLC $177,751
NCL Corp Ltd, 5.8750% 03/15/2026 $204,263
NCL Finance Ltd, 6.1250% 03/15/2028 $94,316
NMG Holding Co Inc / Neiman Marcus Group LLC, 7.1250% 04/01/2026 $309,575
2 Virtus Newfleet High Yield Fund
Fund Investments as of : 06/30/2021 (Unaudited)
Security Name Market Value NMG Parent LLC $14,152
Peninsula Pacific Entertainment LLC / Peninsula Pacific Entertainment Finance In, 8.5000% 11/15/2027 $53,700
PetSmart Inc / PetSmart Finance Corp, 7.7500% 02/15/2029 $275,625
Royal Caribbean Cruises Ltd, 4.2500% 07/01/2026 $169,788
Royal Caribbean Cruises Ltd, 5.5000% 04/01/2028 $31,419
Royal Caribbean Cruises Ltd, 9.1250% 06/15/2023 $246,938
Scientific Games International Inc, 7.0000% 05/15/2028 $174,752
Scientific Games International Inc, 8.2500% 03/15/2026 $128,698
Station Casinos LLC, 4.5000% 02/15/2028 $340,710
Tenneco Inc, 5.1250% 04/15/2029 $272,311
Tenneco Inc, 5.3750% 12/15/2024 $150,155
Vista Outdoor Inc, 4.5000% 03/15/2029 $371,388
Weekley Homes LLC / Weekley Finance Corp, 4.8750% 09/15/2028 $320,850
Wynn Macau Ltd, 5.6250% 08/26/2028 $521,250
Albertsons Cos Inc / Safeway Inc / New Albertsons LP / Albertsons LLC, 4.6250% 01/15/2027 $611,881
Chobani LLC / Chobani Finance Corp Inc, 7.5000% 04/15/2025 $327,729
Dole Food Co Inc, 7.2500% 06/15/2025 $331,500
H-Food Holdings LLC / Hearthside Finance Co Inc, 8.5000% 06/01/2026 $281,475
HLF Financing Sarl LLC / Herbalife International Inc, 4.8750% 06/01/2029 $272,025
Post Holdings Inc, 4.5000% 09/15/2031 $384,365
Triton Water Holdings Inc, 6.2500% 04/01/2029 $120,300
Turning Point Brands Inc, 5.6250% 02/15/2026 $314,913
Vector Group Ltd, 5.7500% 02/01/2029 $295,426
Alliance Resource Operating Partners LP / Alliance Resource Finance Corp, 7.5000% 05/01/2025 $278,231
Antero Midstream Partners LP / Antero Midstream Finance Corp, 5.7500% 01/15/2028 $357,772
Antero Midstream Partners LP / Antero Midstream Finance Corp, 7.8750% 05/15/2026 $167,642
Antero Resources Corp, 5.3750% 03/01/2030 $102,063
Antero Resources Corp, 7.6250% 02/01/2029 $116,550
Antero Resources Corp, 8.3750% 07/15/2026 $136,500
Ascent Resources Utica Holdings LLC / ARU Finance Corp, 8.2500% 12/31/2028 $341,000
3 Virtus Newfleet High Yield Fund
Fund Investments as of : 06/30/2021 (Unaudited)
Security Name Market Value BP Capital Markets PLC, 4.8750% 12/22/2169 $312,930
Callon Petroleum Co, 6.1250% 10/01/2024 $139,565
Callon Petroleum Co, 8.0000% 08/01/2028 $10,113
Cheniere Energy Inc, 4.6250% 10/15/2028 $184,625
Chesapeake Energy Corp, 5.5000% 02/01/2026 $337,600
Chesapeake Energy Corp, 5.8750% 02/01/2029 $64,947
Citgo Holding Inc, 9.2500% 08/01/2024 $142,800
Colgate Energy Partners III LLC, 5.8750% 07/01/2029 $51,875
Coronado Finance Pty Ltd, 10.7500% 05/15/2026 $330,150
CrownRock LP / CrownRock Finance Inc, 5.0000% 05/01/2029 $178,543
CrownRock LP / CrownRock Finance Inc, 5.6250% 10/15/2025 $269,100
CSI Compressco LP / CSI Compressco Finance Inc, 7.2500% 08/15/2022 $202,438
CSI Compressco LP / CSI Compressco Finance Inc, 7.5000% 04/01/2025 $197,925
Energy Transfer LP, 6.5000% 11/15/2169 $300,753
EQM Midstream Partners LP, 4.5000% 01/15/2029 $61,043
EQM Midstream Partners LP, 4.7500% 01/15/2031 $61,826
EQM Midstream Partners LP, 6.0000% 07/01/2025 $81,563
EQM Midstream Partners LP, 6.5000% 07/01/2027 $100,350
Frontera Energy Corp $6,746
Hilcorp Energy I LP / Hilcorp Finance Co, 5.7500% 02/01/2029 $203,288
Hilcorp Energy I LP / Hilcorp Finance Co, 6.0000% 02/01/2031 $206,700
Indigo Natural Resources LLC, 5.3750% 02/01/2029 $313,500
Kosmos Energy Ltd, 7.5000% 03/01/2028 $360,438
Magnolia Oil & Gas Operating LLC / Magnolia Oil & Gas Finance Corp, 6.0000% 08/01/2026 $242,344
Mesquite Energy Inc, 7.2500% 02/15/2023 $2,300
Northriver Midstream Finance LP, 5.6250% 02/15/2026 $217,875
Oasis Petroleum Inc, 6.3750% 06/01/2026 $26,068
Occidental Petroleum Corp, 3.5000% 08/15/2029 $260,936
Occidental Petroleum Corp, 5.5000% 12/01/2025 $77,351
Occidental Petroleum Corp, 5.8750% 09/01/2025 $144,625
4 Virtus Newfleet High Yield Fund
Fund Investments as of : 06/30/2021 (Unaudited)
Security Name Market Value Occidental Petroleum Corp, 6.1250% 01/01/2031 $135,301
Occidental Petroleum Corp, 6.6250% 09/01/2030 $318,000
Parsley Energy LLC / Parsley Finance Corp, 4.1250% 02/15/2028 $184,188
Patterson-UTI Energy Inc, 5.1500% 11/15/2029 $313,698
Targa Resources Partners LP / Targa Resources Partners Finance Corp, 4.8750% 02/01/2031 $129,900
Transocean Inc, 11.5000% 01/30/2027 $152,823
USA Compression Partners LP / USA Compression Finance Corp, 6.8750% 04/01/2026 $178,075
Acrisure LLC / Acrisure Finance Inc, 4.2500% 02/15/2029 $276,500
Acrisure LLC / Acrisure Finance Inc, 7.0000% 11/15/2025 $244,800
Ally Financial Inc, 4.7000% 08/15/2169 $264,104
BroadStreet Partners Inc, 5.8750% 04/15/2029 $306,000
Burford Capital Global Finance LLC, 6.2500% 04/15/2028 $309,830
Capital Farm Credit ACA, 5.0000% 03/15/2170 $259,375
Citigroup Inc, 6.2500% 02/15/2170 $222,009
Icahn Enterprises LP / Icahn Enterprises Finance Corp, 5.2500% 05/15/2027 $15,488
Icahn Enterprises LP / Icahn Enterprises Finance Corp, 6.2500% 05/15/2026 $233,420
Ladder Capital Finance Holdings LLLP / Ladder Capital Finance Corp, 4.2500% 02/01/2027 $349,505
Magic Mergeco Inc, 5.2500% 05/01/2028 $35,908
Midcap Financial Issuer Trust, 6.5000% 05/01/2028 $418,616
Navient Corp, 5.8750% 10/25/2024 $199,569
OneMain Finance Corp, 6.8750% 03/15/2025 $417,582
Prospect Capital Corp, 3.7060% 01/22/2026 $467,429
Raptor Acquisition Corp / Raptor Co-Issuer LLC, 4.8750% 11/01/2026 $30,419
Akumin Inc, 7.0000% 11/01/2025 $332,221
Bausch Health Americas Inc, 8.5000% 01/31/2027 $293,463
Bausch Health Americas Inc, 9.2500% 04/01/2026 $146,840
Cheplapharm Arzneimittel GmbH, 5.5000% 01/15/2028 $599,625
CHS/Community Health Systems Inc, 4.7500% 02/15/2031 $160,600
CHS/Community Health Systems Inc, 6.1250% 04/01/2030 $60,900
CHS/Community Health Systems Inc, 6.6250% 02/15/2025 $296,097
5 Virtus Newfleet High Yield Fund
Fund Investments as of : 06/30/2021 (Unaudited)
Security Name Market Value CHS/Community Health Systems Inc, 6.8750% 04/15/2029 $26,162
DaVita Inc, 4.6250% 06/01/2030 $293,043
Encompass Health Corp, 4.5000% 02/01/2028 $295,679
Endo Dac / Endo Finance LLC / Endo Finco Inc, 9.5000% 07/31/2027 $51,000
Jaguar Holding Co II / PPD Development LP, 5.0000% 06/15/2028 $233,043
Lannett Co Inc, 7.7500% 04/15/2026 $104,519
Legacy LifePoint Health LLC, 4.3750% 02/15/2027 $293,480
Legacy LifePoint Health LLC, 6.7500% 04/15/2025 $5,328
Ortho-Clinical Diagnostics Inc / Ortho-Clinical Diagnostics SA, 7.2500% 02/01/2028 $88,472
Ortho-Clinical Diagnostics Inc / Ortho-Clinical Diagnostics SA, 7.3750% 06/01/2025 $90,195
Par Pharmaceutical Inc, 7.5000% 04/01/2027 $261,716
Prime Healthcare Services Inc, 7.2500% 11/01/2025 $48,716
Surgery Center Holdings Inc, 10.0000% 04/15/2027 $142,675
Surgery Center Holdings Inc, 6.7500% 07/01/2025 $183,600
Team Health Holdings Inc, 6.3750% 02/01/2025 $294,829
Tenet Healthcare Corp, 4.8750% 01/01/2026 $186,696
Tenet Healthcare Corp, 5.1250% 11/01/2027 $62,925
Tenet Healthcare Corp, 6.2500% 02/01/2027 $135,688
Tenet Healthcare Corp, 7.5000% 04/01/2025 $86,410
Teva Pharmaceutical Finance Netherlands III BV, 3.1500% 10/01/2026 $233,056
Allied Universal Holdco LLC / Allied Universal Finance Corp, 6.6250% 07/15/2026 $402,887
American Airlines Group Inc, 5.0000% 06/01/2022 $190,241
American Airlines Inc, 11.7500% 07/15/2025 $665,150
American Airlines Inc/AAdvantage Loyalty IP Ltd, 5.5000% 04/20/2026 $58,231
American Airlines Inc/AAdvantage Loyalty IP Ltd, 5.7500% 04/20/2029 $21,625
Boeing Co/The, 5.9300% 05/01/2060 $318,978
Bombardier Inc, 7.5000% 12/01/2024 $161,975
Cleaver-Brooks Inc, 7.8750% 03/01/2023 $297,024
CP Atlas Buyer Inc, 7.0000% 12/01/2028 $300,513
Delta Air Lines Inc, 3.7500% 10/28/2029 $314,493
6 Virtus Newfleet High Yield Fund
Fund Investments as of : 06/30/2021 (Unaudited)
Security Name Market Value Deluxe Corp, 8.0000% 06/01/2029 $162,750
Fortress Transportation and Infrastructure Investors LLC, 6.5000% 10/01/2025 $244,106
Fortress Transportation and Infrastructure Investors LLC, 9.7500% 08/01/2027 $46,250
Icahn Enterprises LP / Icahn Enterprises Finance Corp, 5.2500% 05/15/2027 $273,611
LBM Acquisition LLC, 6.2500% 01/15/2029 $161,232
Spirit AeroSystems Inc, 5.5000% 01/15/2025 $308,125
Titan Acquisition Ltd / Titan Co-Borrower LLC, 7.7500% 04/15/2026 $305,694
TransDigm Inc, 5.5000% 11/15/2027 $213,713
TransDigm Inc, 6.2500% 03/15/2026 $121,325
United Airlines Inc, 4.3750% 04/15/2026 $46,583
United Airlines Inc, 4.6250% 04/15/2029 $46,575
Banff Merger Sub Inc, 9.7500% 09/01/2026 $178,925
International Game Technology PLC, 6.2500% 01/15/2027 $228,000
ION Trading Technologies Sarl, 5.7500% 05/15/2028 $207,647
J2 Global Inc, 4.6250% 10/15/2030 $346,826
MicroStrategy Inc, 6.1250% 06/15/2028 $205,000
NCR Corp, 5.1250% 04/15/2029 $324,844
Plantronics Inc, 4.7500% 03/01/2029 $302,783
Rocket Software Inc, 6.5000% 02/15/2029 $292,723
Science Applications International Corp, 4.8750% 04/01/2028 $456,206
SS&C Technologies Inc, 5.5000% 09/30/2027 $317,910
Veritas US Inc / Veritas Bermuda Ltd, 7.5000% 09/01/2025 $301,963
Viasat Inc, 5.6250% 09/15/2025 $310,795
Xerox Holdings Corp, 5.5000% 08/15/2028 $306,502
ARD Finance SA, 6.5000% 06/30/2027 $624,750
Chemours Co/The, 5.7500% 11/15/2028 $299,536
Cleveland-Cliffs Inc, 6.7500% 03/15/2026 $124,056
Cleveland-Cliffs Inc, 7.0000% 03/15/2027 $178,925
CVR Partners LP / CVR Nitrogen Finance Corp, 6.1250% 06/15/2028 $10,250
Freeport-McMoRan Inc, 5.4500% 03/15/2043 $287,245
7 Virtus Newfleet High Yield Fund
Fund Investments as of : 06/30/2021 (Unaudited)
Security Name Market Value Hecla Mining Co, 7.2500% 02/15/2028 $333,213
INEOS Group Holdings SA, 5.6250% 08/01/2024 $316,103
Louisiana-Pacific Corp, 3.6250% 03/15/2029 $447,781
Mauser Packaging Solutions Holding Co, 7.2500% 04/15/2025 $445,900
Taseko Mines Ltd, 7.0000% 02/15/2026 $323,175
Teck Resources Ltd, 6.1250% 10/01/2035 $341,167
Trident TPI Holdings Inc, 6.6250% 11/01/2025 $271,625
Trident TPI Holdings Inc, 9.2500% 08/01/2024 $156,750
United States Steel Corp, 6.2500% 03/15/2026 $242,238
United States Steel Corp, 6.8750% 03/01/2029 $165,850
Altice France Holding SA, 6.0000% 02/15/2028 $199,160
Altice France SA/France, 5.1250% 07/15/2029 $200,980
Cincinnati Bell Inc, 7.0000% 07/15/2024 $271,956
Frontier Communications Holdings LLC, 6.7500% 05/01/2029 $414,675
Level 3 Financing Inc, 3.6250% 01/15/2029 $448,725
Telesat Canada / Telesat LLC, 5.6250% 12/06/2026 $25,094
Telesat Canada / Telesat LLC, 6.5000% 10/15/2027 $547,688
Ferrellgas LP / Ferrellgas Finance Corp, 5.3750% 04/01/2026 $89,213
Ferrellgas LP / Ferrellgas Finance Corp, 5.8750% 04/01/2029 $88,875
PG&E Corp, 5.2500% 07/01/2030 $297,803
Talen Energy Supply LLC, 6.6250% 01/15/2028 $187,749
TerraForm Power Operating LLC, 5.0000% 01/31/2028 $254,100
Vistra Energy Corp Rights???? $10,079
LHOME Mortgage Trust 2019-RTL1, 4.5800% $36,201
Iron Mountain Inc, 4.8750% 09/15/2029 $325,143 iStar Inc, 4.2500% 08/01/2025 $298,338
MPT Operating Partnership LP / MPT Finance Corp, 3.5000% 03/15/2031 $318,147
Service Properties Trust, 7.5000% 09/15/2025 $305,694
Uniti Group LP / Uniti Fiber Holdings Inc / CSL Capital LLC, 7.1250% 12/15/2024 $310,125
American Airlines Inc, Initial Term Loan, 04/20/2028 $52,088
8 Virtus Newfleet High Yield Fund
Fund Investments as of : 06/30/2021 (Unaudited)
Security Name Market Value ANI Pharmaceuticals Inc, Term Loan B, 05/24/2027 $294,750
Arcline FM Holdings LLC, Term Loan (Second Lien ), 06/17/2029 $120,000
Arcline FM Holdings LLC, Term Loan, 06/17/2028 $120,076
Asurion LLC, Second Lien Term Loan B3, 01/31/2028 $176,239
Aventiv Technologies LLC, Initial Term Loan (First Lien), 11/01/2024 $190,815
Carlisle FoodService Products Inc, Initial Term Loan (First Lien), 03/20/2025 $76,888
CITGO Petroleum Corp, 2019 Incremental Term B Loan, 03/28/2024 $85,026
Cooper-Standard Automotive Inc, Additional Term B-1 Loan, 11/02/2023 $247,720
Dun & Bradstreet Corp/The, Term Loan B, 02/06/2026 $147,366
ECL Entertainment LLC, Term B Loan, 05/01/2028 $117,300
Envision Healthcare Corp, Initial Term Loan, 10/10/2025 $113,350
Fieldwood Energy LLC, Closing Date Loan (First Lien), 04/11/2022 $127,400
Grab Holdings Inc, Initial Term Loan, 01/29/2026 $389,479
Infinite Bidco LLC, Initial Term Loan (Second Lien), 03/02/2029 $175,875
Intelsat Jackson Holdings SA, Tranche B-5 Term Loan, 01/02/2024 $188,989
Kloeckner Pentaplast of America Inc, Facility B (USD) Loan, 02/12/2026 $215,535
Mileage Plus Holdings LLC, Initial Term Loan, 06/21/2027 $314,812
One Call Corp, Term B Loan (First Lien), 04/22/2027 $262,600
Parfums Holding Co Inc, Initial Term Loan (First Lien), 06/30/2024 $166,632
Playa Resorts Holding BV, Initial Term Loan, 04/29/2024 $231,951
Traverse Midstream Partners LLC, Advance, 09/27/2024 $194,332
UKG Inc, Second Lien Initial Term Loan, 05/03/2027 $15,237
United Airlines Inc, Class B Term Loan, 04/21/2028 $187,261
Viant Medical Holdings Inc, Initial Term Loan (First Lien), 07/02/2025 $311,282
9 Virtus Newfleet High Yield Fund
Fund Investments as of : 06/30/2021 (Unaudited)
Security Name Market Value
Total Invested Assets: $58,413,698
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.
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