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Virtus Total Return Fund
Virtus Total Return Fund. Institutional holdings reported to the SEC.

Institutional Holders (2016Q1)
Portfolio Summary: 31 Institutional holders with a total value of $47,400,000.
#
Manager Name
Shares
Value ($)
%
Options
Notes
1 Bulldog Investors, LLP 3,616,434 15,337,000 32.36%
2 Advisors Asset Management, Inc. 3,565,290 15,118,000 31.89%
3 Thomas J. Herzfeld Advisors, Inc. 747,101 3,175,000 6.70%
4 MORGAN STANLEY 746,054 3,170,000 6.69%
5 RIVERNORTH CAPITAL MANAGEMENT, LLC 654,736 2,783,000 5.87%
6 MARINER INVESTMENT GROUP LLC 261,370 1,111,000 2.34%
7 LPL Financial LLC 259,632 1,101,000 2.32%
8 FINANCIAL & INVESTMENT MANAGEMENT GROUP LTD 234,474 997,000 2.10%
9 WELLS FARGO & COMPANY/MN 230,671 981,000 2.07%
10 ICON ADVISERS INC/CO 185,033 786,000 1.66%
11 Saba Capital Management, L.P. 147,879 627,000 1.32%
12 ROYAL BANK OF CANADA 133,490 567,000 1.20%
13 UBS Group AG 78,785 335,000 0.71%
14 LANDSCAPE CAPITAL MANAGEMENT, L.L.C. 73,589 313,000 0.66%
15 SIT INVESTMENT ASSOCIATES INC 42,938 182,000 0.38%
16 CSS LLC/IL 33,516 142,000 0.30%
17 LADENBURG THALMANN FINANCIAL SERVICES INC. 25,840 110,000 0.23%
18 RELATIVE VALUE PARTNERS GROUP, LLC 28,593 109,000 0.23%
19 Raymond James Financial Services Advisors, Inc. 23,406 99,000 0.21%
20 SIGNATUREFD, LLC 17,943 76,000 0.16%
21 Virtu KCG Holdings LLC 15,624 66,000 0.14%
22 ENVESTNET ASSET MANAGEMENT INC 14,759 63,000 0.13%
23 AMERICAN INTERNATIONAL GROUP, INC. 11,500 49,000 0.10%
24 Aviance Capital Partners, LLC 10,258 44,000 0.09%
25 CITY HOLDING CO 5,122 22,000 0.05%
26 BANK OF AMERICA CORP /DE/ 2,752 12,000 0.03%
27 IFP ADVISORS, INC 1,765 8,000 0.02%
28 MSI Financial Services Inc 1,752 7,000 0.01%
29 Financial Management Professionals, Inc. 1,402 6,000 0.01%
30 Ironwood Financial, llc 456 2,000 0.00%
31 Tower Research Capital LLC (TRC) 502 2,000 0.00%

From 2023-01-03 onward, the SEC requires values to be reported in nearest dollars. Earlier filings reported values in thousands; therefore, positions shown as $0 in older filings may represent actual values between $0–$999.