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

Institutional Holders (2016Q3)
Portfolio Summary: 33 Institutional holders with a total value of $64,823,000.
#
Manager Name
Shares
Value ($)
%
Options
Notes
1 Bulldog Investors, LLP 5,016,152 23,777,000 36.68%
2 Advisors Asset Management, Inc. 2,142,006 10,153,000 15.66%
3 RIVERNORTH CAPITAL MANAGEMENT, LLC 1,850,889 8,773,000 13.53%
4 SIT INVESTMENT ASSOCIATES INC 1,083,748 5,137,000 7.92%
5 ICON ADVISERS INC/CO 853,436 4,045,000 6.24%
6 Shaker Financial Services, LLC 725,238 3,438,000 5.30%
7 MORGAN STANLEY 385,859 1,829,000 2.82%
8 WELLS FARGO & COMPANY/MN 278,476 1,320,000 2.04%
9 POTRERO CAPITAL RESEARCH LLC 178,736 847,000 1.31%
10 Saba Capital Management, L.P. 147,879 701,000 1.08%
11 RELATIVE VALUE PARTNERS GROUP, LLC 132,472 628,000 0.97%
12 LPL Financial LLC 129,425 606,000 0.93%
13 RAYMOND JAMES & ASSOCIATES 119,790 568,000 0.88%
14 ROYAL BANK OF CANADA 104,687 496,000 0.77%
15 MARINER INVESTMENT GROUP LLC 81,400 386,000 0.60%
16 BRINKER CAPITAL INC 80,213 380,000 0.59%
17 STRATEGIC INVESTMENT MANAGEMENT, LLC 75,000 355,000 0.55%
18 DOLIVER ADVISORS, LP 71,558 339,000 0.52%
19 UBS Group AG 58,684 278,000 0.43%
20 CSS LLC/IL 36,516 173,000 0.27%
21 ALLEGIS INVESTMENT ADVISORS, LLC 25,644 122,000 0.19%
22 LADENBURG THALMANN FINANCIAL SERVICES INC. 22,444 106,000 0.16%
23 Cambridge Investment Research Advisors, Inc. 17,505 83,000 0.13%
24 Raymond James Financial Services Advisors, Inc. 16,437 78,000 0.12%
25 ADVISOR GROUP, INC. 11,500 54,000 0.08%
26 ENVESTNET ASSET MANAGEMENT INC 11,195 53,000 0.08%
27 CITIGROUP INC 9,192 44,000 0.07%
28 CITY HOLDING CO 5,122 24,000 0.04%
29 BANK OF AMERICA CORP /DE/ 1,937 9,000 0.01%
30 MSI Financial Services Inc 1,752 8,000 0.01%
31 IFP ADVISORS, INC 1,568 7,000 0.01%
32 Financial Management Professionals, Inc. 1,402 6,000 0.01%
33 PNC FINANCIAL SERVICES GROUP, INC. 97 0 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.