Virtus AllianzGI Technology Fund

as of : 08/31/2021 (Unaudited)

SECURITY SHARES TRADED MARKET VALUE % OF PORTFOLIO Alphabet, Inc.- Cl C 73,515 $213,872,779 9.31 %

Facebook Inc 361,370 $137,096,551 5.97 %

Zscaler Inc 372,235 $103,607,890 4.51 %

Crowdstrike Holdings Inc 344,730 $96,869,130 4.22 %

Microsoft Corp 315,395 $95,211,443 4.15 %

HubSpot Inc 129,153 $88,401,354 3.85 %

Apple Inc 577,765 $87,722,060 3.82 %

Paycom Software Inc 157,454 $76,979,261 3.35 %

MongoDB Inc 177,760 $69,651,701 3.03 %

PayPal Holdings Inc 240,090 $69,304,379 3.02 %

Twilio Inc 190,995 $68,177,575 2.97 %

Asana Inc 871,101 $65,811,681 2.87 %

Amazon.com Inc 17,955 $62,318,034 2.71 %

Square Inc 192,310 $51,552,542 2.24 %

Seagate Technology Holdings PLC 546,560 $47,873,190 2.08 %

Cisco Systems Inc/Delaware 767,425 $45,293,424 1.97 %

ON Semiconductor Corp 1,017,785 $45,148,943 1.97 %

Applied Materials Inc 276,920 $37,420,200 1.63 %

Samsung SDI Co Ltd 50,977 $34,865,463 1.52 %

NXP Semiconductors NV 157,915 $33,972,254 1.48 %

ZoomInfo Technologies Inc 509,150 $33,191,489 1.45 %

1 SECURITY SHARES TRADED MARKET VALUE % OF PORTFOLIO Booking Holdings Inc 13,595 $31,264,014 1.36 %

Taiwan Semiconductor Manufacturing Co Ltd 258,000 $30,704,580 1.34 %

Snap Inc 380,000 $28,921,800 1.26 %

Ford Motor Co 2,153,375 $28,058,476 1.22 %

Micron Technology Inc 365,550 $26,941,035 1.17 %

Tokyo Electron Ltd 62,000 $26,622,551 1.16 %

DXC Technology Co 721,980 $26,511,106 1.15 %

Trade Desk Inc/The 319,345 $25,563,567 1.11 %

Lam Research Corp 41,160 $24,894,391 1.08 %

Intuit Inc 40,120 $22,712,333 0.99 %

Snowflake Inc 73,324 $22,316,159 0.97 %

Shopify Inc 14,460 $22,048,319 0.96 %

Atlassian Corp PLC 57,975 $21,280,304 0.93 % salesforce.com Inc 79,965 $21,212,316 0.92 %

Adobe Inc 31,615 $20,982,876 0.91 %

Infineon Technologies AG 471,005 $20,057,159 0.87 %

Advanced Micro Devices Inc 180,375 $19,971,120 0.87 %

SK Hynix Inc 212,237 $19,494,795 0.85 %

Samsung Electronics Co Ltd 292,713 $19,363,566 0.84 %

STMicroelectronics NV 431,600 $19,220,005 0.84 %

Lyft Inc 378,120 $18,002,293 0.78 %

Western Digital Corp 283,170 $17,896,344 0.78 %

Qorvo Inc 92,250 $17,345,768 0.76 %

Aptiv PLC 108,700 $16,543,053 0.72 %

Teradyne Inc 131,995 $16,029,473 0.70 %

General Motors Co 316,705 $15,521,712 0.68 %

2 SECURITY SHARES TRADED MARKET VALUE % OF PORTFOLIO Varonis Systems Inc 222,125 $15,328,846 0.67 %

Marvell Technology Inc 248,670 $15,216,117 0.66 %

NVIDIA Corp 63,545 $14,224,548 0.62 %

Monday.com Ltd 37,320 $14,157,715 0.62 %

DocuSign Inc 47,545 $14,084,731 0.61 %

Alphabet Inc 322 $12,438,860 0.54 %

Expedia Group Inc 81,465 $11,771,693 0.51 %

Palo Alto Networks Inc 25,390 $11,705,806 0.51 %

Fortinet Inc 29,845 $9,405,353 0.41 %

Skyworks Solutions Inc 50,960 $9,349,122 0.41 %

Alteryx Inc 104,223 $7,709,375 0.34 %

Advantest Corp 86,100 $7,450,548 0.32 %

Amazon.com Inc 164 $5,296,380 0.23 %

Amazon.com Inc 82 $2,837,200 0.12 %

Fidelity National Information Services Inc 11,175 $1,427,830 0.06 %

NetApp Inc 13,550 $1,205,002 0.05 %

Fiserv Inc 1,800 $1,161,000 0.05 %

Datadog Inc 8,135 $1,121,003 0.05 %

Motorola Solutions Inc 4,240 $1,035,493 0.05 %

Cadence Design Systems Inc 3,415 $558,284 0.02 %

EPAM Systems Inc 825 $522,068 0.02 %

Jamf Holding Corp 14,780 $519,517 0.02 %

Bloom Energy Corp 22,745 $487,198 0.02 %

Take-Two Interactive Software Inc 2,200 $354,684 0.02 %

Fidelity National Information Services Inc 1,200 $108,000 0.00 %

Datadog Inc (1,034) $(41,360) 0.00 %

3 SECURITY SHARES TRADED MARKET VALUE % OF PORTFOLIO Fiserv Inc (1,800) $(134,100) -0.01 %

Alphabet Inc (140) $(556,500) -0.02 %

Fidelity National Information Services Inc (1,200) $(660,000) -0.03 %

Alphabet Inc (182) $(913,640) -0.04 %

Amazon.com Inc (164) $(1,900,596) -0.08 %

Amazon.com Inc (82) $(2,330,850) -0.10 %

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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