Virtus Fixed Income Advisers, LLC

HARTFORD, CT · CIK 2079921 · 13F filing filed 2026-08-13

SEC-registered investment adviser since 2008 · limited liability company

Assets managed$34.9bn
Staff95 · 74 in investment roles
Main clients (by assets)Mutual funds and ETFs 38%, Pension plans 22%, State and local governments 12%
Private funds15 · $3.2bn gross assets
Form ADV · 2026-03-30SEC adviser record

Legal entityVIRTUS FIXED INCOME ADVISERS, LLC (US)
Part of VIRTUS INVESTMENT PARTNERS, INC. (US)

Other 13F filers in this group: DUFF & PHELPS INVESTMENT MANAGEMENT CO $10.6bn, NFJ INVESTMENT GROUP, LLC $3.0bn, Virtus Investment Advisers, LLC $429.2m, VIRTUS ALTERNATIVE INVESTMENT ADVISERS, LLC files a notice

$158.4m reported value +29.3% vs Q1 2026

85positions

90.0%in top 10

64 new 6 added 8 reduced 2 sold out vs Q1 2026

This report includes the holdings of 1 other manager that shares the investment decisions:

Virtus Investment Advisers, LLC – files its own report too

Shares in two reports are counted once in each security's totals.

Holdings, Q2 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	VIRTUS ETF TR II NEWFLEET ABS MBS VABS	VABS	4,012,617	$97.0m61.23%	61.23%	Added +1.3m	+1,332,021 49.7%
2	VIRTUS ETF TR II VIRTUS NEWFLEET VSHY	VSHY	1,134,074	$24.6m15.55%	15.55%	Reduced -18	-18 0.0%
3	VIRTUS ETF TR II SEIX SR LN ETF SEIX	SEIX	386,766	$8.9m5.65%	5.65%	Unchanged
4	SPDR SER TR BLOOMBERG HIGH Y JNK	JNK	44,363	$4.3m2.70%	2.70%	Reduced -16.6k	-16,649 -27.3%
5	CABLE ONE INC NOTE 1.125% 3/1 · principal CABO 1.125 03.15.28 · principal	CABO 1.125 03.15.28	2,895,000	$1.9m1.19%	1.19%	Reduced -10.5m	-10,515,000 -78.4%
6	ISHARES TR IBOXX HI YD ETF HYG	HYG	19,253	$1.5m0.97%	0.97%	Added +6.3k	+6,325 48.9%
7	WESTERN DIGITAL CORP NOTE 3.000%11/1 · principal WDC 3 11.15.28 · principal	WDC 3 11.15.28	71,000	$1.2m0.75%	0.75%	Reduced -36.0k	-36,000 -33.6%
8	VIRTUS ETF TR II SEIX AAA PRIVAAT PCLO	PCLO	48,000	$1.2m0.75%	0.75%	Unchanged
9	INVESCO EXCH TRADED FD TR II SR LN ETF BKLN	BKLN	54,195	$1.1m0.70%	0.70%	Added +30.9k	+30,860 132.2%
10	MKS INC. NOTE 1.250% 6/0 · principal MKSI 1.25 06.01.30 · principal	MKSI 1.25 06.01.30	256,000	$753.6k0.48%	0.48%	New
11	GRANITE CONSTR INC NOTE 3.250% 6/1 · principal GVA 3.25 06.15.30 · principal	GVA 3.25 06.15.30	334,000	$698.7k0.44%	0.44%	Reduced -14.0k	-14,000 -4.0%
12	JANUS DETROIT STR TR B-BBB CLO ETF JBBB	JBBB	13,535	$640.9k0.40%	0.40%	New
13	SNOWFLAKE INC NOTE 10/0 · principal SNOW 0 10.01.29 · principal	SNOW 0 10.01.29	354,000	$625.9k0.40%	0.40%	New
14	BOEING CO DEP CONV PFD A · principal BA 6 10.15.27 · principal	BA 6 10.15.27	8,850	$599.9k0.38%	0.38%	New
15	SNOWFLAKE INC NOTE 10/0 · principal SNOW 0 10.01.27 · principal	SNOW 0 10.01.27	355,000	$590.4k0.37%	0.37%	New
16	MACOM TECH SOLUTIONS HLDGS I NOTE 12/1 · principal MTSI 0 12.15.29 · principal	MTSI 0 12.15.29	211,000	$485.7k0.31%	0.31%	New
17	RUBRIK INC. NOTE 6/1 · principal RBRK 0 06.15.30 · principal	RBRK 0 06.15.30	451,000	$460.5k0.29%	0.29%	New
18	SPHERE ENTERTAINMENT CO NOTE 3.500%12/0 · principal SPHR 3.5 12.01.28 · principal	SPHR 3.5 12.01.28	88,000	$431.0k0.27%	0.27%	New
19	SEAGATE HDD CAYMAN NOTE 3.500% 6/0 · principal STX 3.5 06.01.28 · principal	STX 3.5 06.01.28	35,000	$408.3k0.26%	0.26%	Reduced -72.0k	-72,000 -67.3%
20	ALIGNMENT HEALTHCARE INC NOTE 4.250%11/1 · principal ALHC 4.25 11.15.29 · principal	ALHC 4.25 11.15.29	234,000	$398.6k0.25%	0.25%	New
21	HEWLETT PACKARD ENTERPRISE C 7.625 MAND CONV · principal HPE 7.625 09.01.27 · principal	HPE 7.625 09.01.27	3,350	$391.6k0.25%	0.25%	New
22	GUARDANT HEALTH INC DEBT 1.250% 2/1 · principal GH 1.25 02.15.31 · principal	GH 1.25 02.15.31	136,000	$341.7k0.22%	0.22%	New
23	LCI INDS NOTE 3.000% 3/0 · principal LCII 3 03.01.30 · principal	LCII 3 03.01.30	301,000	$336.4k0.21%	0.21%	New
24	SOLARIS ENERGY INFRAS INC NOTE 0.250%10/0 · principal SEI 0.25 10.01.31 · principal	SEI 0.25 10.01.31	201,000	$326.9k0.21%	0.21%	New
25	VARONIS SYS INC NOTE 1.000% 9/1 · principal VRNS 1 09.15.29 · principal	VRNS 1 09.15.29	332,000	$321.2k0.20%	0.20%	New
26	WELLS FARGO CO NEW PERP PFD CNV A · principal WFC 7.5 PERP L · principal	WFC 7.5 PERP L	272	$314.7k0.20%	0.20%	New
27	OSI SYSTEMS INC NOTE 2.250% 8/0 · principal OSIS 2.25 08.01.29 · principal	OSIS 2.25 08.01.29	233,000	$310.6k0.20%	0.20%	New
28	BLACKLINE INC NOTE 1.000% 6/0 · principal BL 1 06.01.29 · principal	BL 1 06.01.29	306,000	$281.7k0.18%	0.18%	New
29	ENCORE CAP GROUP INC NOTE 4.000% 3/1 · principal ECPG 4 03.15.29 · principal	ECPG 4 03.15.29	184,000	$280.9k0.18%	0.18%	New
30	NEXTERA ENERGY CAP HLDGS INC NOTE 3.000% 3/0 · principal NEE 3 03.01.27 · principal	NEE 3 03.01.27	192,000	$252.2k0.16%	0.16%	New
31	RIVIAN AUTOMOTIVE INC NOTE 4.625% 3/1 · principal RIVN 4.625 03.15.29 · principal	RIVN 4.625 03.15.29	212,000	$251.1k0.16%	0.16%	New
32	ALBEMARLE CORP 7.25% DEP SHS A · principal ALB 7.25 03.01.27 · principal	ALB 7.25 03.01.27	4,500	$249.3k0.16%	0.16%	New
33	HERBALIFE LTD NOTE 4.250% 6/1 · principal HLF 4.25 06.15.28 · principal	HLF 4.25 06.15.28	205,000	$235.2k0.15%	0.15%	New
34	EVERGY INC NOTE 4.500%12/1 · principal EVRG 4.5 12.15.27 · principal	EVRG 4.5 12.15.27	162,000	$230.4k0.15%	0.15%	New
35	LIVE NATION ENTERTAINMENT IN NOTE 2.875% 1/1 · principal LYV 2.875 01.15.30 · principal	LYV 2.875 01.15.30	193,000	$230.3k0.15%	0.15%	New
36	GREENBRIER COS INC NOTE 2.875% 4/1 · principal GBX 2.875 04.15.28 · principal	GBX 2.875 04.15.28	199,000	$227.1k0.14%	0.14%	New
37	HALOZYME THERAPEUTICS INC NOTE 1.000% 8/1 · principal HALO 1 08.15.28 · principal	HALO 1 08.15.28	152,000	$221.9k0.14%	0.14%	New
38	NCL CORP LTD NOTE 0.875% 4/1 · principal NCLH 0.875 04.15.30 · principal	NCLH 0.875 04.15.30	199,000	$221.6k0.14%	0.14%	New
39	LIVANOVA PLC NOTE 2.500% 3/1 · principal LIVN 2.5 03.15.29 · principal	LIVN 2.5 03.15.29	162,000	$219.9k0.14%	0.14%	New
40	CONMED CORP NOTE 2.250% 6/1 · principal CNMD 2.25 06.15.27 · principal	CNMD 2.25 06.15.27	218,000	$212.7k0.13%	0.13%	New
41	ENOVIS CORPORATION NOTE 3.875%10/1 · principal ENOV 3.875 10.15.28 · principal	ENOV 3.875 10.15.28	219,000	$210.3k0.13%	0.13%	New
42	STRIDE INC NOTE 1.125% 9/0 · principal LRN 1.125 09.01.27 · principal	LRN 1.125 09.01.27	119,000	$200.8k0.13%	0.13%	New
43	EPR PPTYS PFD C CV 5.75% · principal EPR 5.75 PERP C · principal	EPR 5.75 PERP C	7,750	$199.0k0.13%	0.13%	New
44	BRIGHTSPRING HEALTH SVCS INC UNIT 02/01/2027 · principal BTSG 6.75 02.01.27 · principal	BTSG 6.75 02.01.27	859	$198.6k0.13%	0.13%	New
45	IRHYTHM TECHNOLOGIES INC NOTE 1.500% 9/0 · principal IRTC 1.5 09.01.29 · principal	IRTC 1.5 09.01.29	177,000	$194.1k0.12%	0.12%	New
46	ALNYLAM PHARMACEUTICALS INC NOTE 1.000% 9/1 · principal ALNY 1 09.15.27 · principal	ALNY 1 09.15.27	161,000	$193.6k0.12%	0.12%	New
47	PACIRA BIOSCIENCES INC NOTE 2.125% 5/1 · principal PCRX 2.125 05.15.29 · principal	PCRX 2.125 05.15.29	191,000	$190.4k0.12%	0.12%	New
48	ALARM COM HLDGS INC NOTE 2.250% 6/0 · principal ALRM 2.25 06.01.29 · principal	ALRM 2.25 06.01.29	201,000	$190.2k0.12%	0.12%	New
49	ENVISTA HOLDINGS CORPORATION NOTE 1.750% 8/1 · principal NVST 1.75 08.15.28 · principal	NVST 1.75 08.15.28	190,000	$190.1k0.12%	0.12%	New
50	INNOVIVA INC NOTE 2.125% 3/1 · principal INVA 2.125 03.15.28 · principal	INVA 2.125 03.15.28	174,000	$186.3k0.12%	0.12%	New
51	PROGRESS SOFTWARE CORP NOTE 3.500% 3/0 · principal PRGS 3.5 03.01.30 · principal	PRGS 3.5 03.01.30	194,000	$185.5k0.12%	0.12%	New
52	AKAMAI TECHNOLOGIES INC NOTE 0.250% 5/1 · principal AKAM 0.25 05.15.33 · principal	AKAM 0.25 05.15.33	127,000	$185.2k0.12%	0.12%	New
53	BRIDGEBIO PHARMA INC NOTE 2.250% 2/0 · principal BBIO 2.25 02.01.29 · principal	BBIO 2.25 02.01.29	167,000	$184.8k0.12%	0.12%	New
54	AFFIRM HLDGS INC NOTE 0.750%12/1 · principal AFRM 0.75 12.15.29 · principal	AFRM 0.75 12.15.29	151,000	$176.1k0.11%	0.11%	New
55	GAMESTOP CORP NOTE 6/1 · principal GME 0 06.15.32 · principal	GME 0 06.15.32	162,000	$164.1k0.10%	0.10%	New
56	COINBASE GLOBAL INC NOTE 0.250% 4/0 · principal COIN 0.25 04.01.30 · principal	COIN 0.25 04.01.30	182,000	$163.1k0.10%	0.10%	New
57	UNITY SOFTWARE INC NOTE 3/1 · principal U 0 03.15.30 · principal	U 0 03.15.30	144,000	$162.7k0.10%	0.10%	New
58	APOLLO GLOBAL MGMT INC SER A MAND CNV · principal APO 6.75 07.31.26 · principal	APO 6.75 07.31.26	2,450	$148.9k0.09%	0.09%	New
59	CLOUDFLARE INC NOTE 6/1 · principal NET 0 06.15.30 · principal	NET 0 06.15.30	117,000	$148.0k0.09%	0.09%	New
60	KKR & CO INC 6.25 CON SER D · principal KKR 6.25 03.01.28 D · principal	KKR 6.25 03.01.28 D	3,600	$142.6k0.09%	0.09%	New
61	STARWOOD PPTY TR INC NOTE 6.750% 7/1 · principal STWD 6.75 07.15.27 · principal	STWD 6.75 07.15.27	140,000	$141.5k0.09%	0.09%	New
62	PG&E CORP NOTE 4.250%12/0 · principal PCG 4.25 12.01.27 · principal	PCG 4.25 12.01.27	136,000	$139.0k0.09%	0.09%	New
63	ARES MANAGEMENT CORPORATION 6.75 SE B PFD · principal ARES 6.75 10.01.27 B · principal	ARES 6.75 10.01.27 B	3,600	$135.5k0.09%	0.09%	New
64	GUIDEWIRE SOFTWARE INC NOTE 1.250%11/0 · principal GWRE 1.25 11.01.29 · principal	GWRE 1.25 11.01.29	137,000	$131.5k0.08%	0.08%	New
65	BRIDGEBIO PHARMA INC NOTE 2.500% 3/1 · principal BBIO 2.5 03.15.27 · principal	BBIO 2.5 03.15.27	71,000	$126.2k0.08%	0.08%	New
66	AKAMAI TECHNOLOGIES INC NOTE 0.375% 9/0 · principal AKAM 0.375 09.01.27 · principal	AKAM 0.375 09.01.27	105,000	$125.8k0.08%	0.08%	New
67	SITIME CORP NOTE 6/1 · principal SITM 0 06.15.31 · principal	SITM 0 06.15.31	107,000	$118.4k0.07%	0.07%	New
68	BANK AMERICA CORP 7.25%CNV PFD L · principal BAC 7.25 PERP L · principal	BAC 7.25 PERP L	94	$117.9k0.07%	0.07%	New
69	STRATEGY INC SERIES A PERP PF · principal MSTR 8 PERP · principal	MSTR 8 PERP	1,780	$104.5k0.07%	0.07%	New
70	STRATEGY INC NOTE 0.625% 3/1 · principal MSTR 0.625 03.15.30 · principal	MSTR 0.625 03.15.30	101,000	$102.8k0.06%	0.06%	New
71	ON SEMICONDUCTOR CORP NOTE 5/0 · principal ON 0 05.01.27 · principal	ON 0 05.01.27	48,000	$87.3k0.06%	0.06%	New
72	ALPHATEC HLDGS INC NOTE 0.750% 3/1 · principal ATEC 0.75 03.15.30 · principal	ATEC 0.75 03.15.30	65,000	$61.9k0.04%	0.04%	New
73	ALPHABET INC DEP SHS RP1/20 A GOOGL 6.25 05.15.29 A	GOOGL 6.25 05.15.29 A	393	$19.7k0.01%	0.01%	New
74	ALPHABET INC DEP SHS RP1/20 B GOOGL 6.25 05.15.29 B	GOOGL 6.25 05.15.29 B	393	$19.7k0.01%	0.01%	New
75	VIRTUS ETF TR II NEWFLEET SHORT D SDCP	SDCP	552	$14.1k0.01%	0.01%	Added +10	+10 1.9%
76	SPDR SER TR PORTFOLIO CRPORT SPBO	SPBO	243	$7.1k0.00%	0.00%	Added +4	+4 1.7%
77	SPDR SER TR PORT MTG BK ETF SPMB	SPMB	211	$4.7k0.00%	0.00%	Unchanged
78	SPDR SER TR PORTFOLIO LN TSR SPTL	SPTL	162	$4.2k0.00%	0.00%	Added +16	+16 11.0%
79	ETFIS SER TR I VIRTUS NEWFLEET NFLT	NFLT	181	$4.2k0.00%	0.00%	Unchanged
80	SPDR SER TR PORTFOLIO SHORT SPSB	SPSB	61	$1.8k0.00%	0.00%	Unchanged
81	VIRTUS ETF TR II STONE HARBOR EMG VEMY	VEMY	52	$1.5k0.00%	0.00%	Reduced -10	-10 -16.1%
82	VANECK ETF TRUST JP MRGAN EM LOC EMLC	EMLC	21	$5370.00%	0.00%	Unchanged
83	J P MORGAN EXCHANGE TRADED F USD EMRNG MKT JPMB	JPMB	13	$5240.00%	0.00%	Reduced -6	-6 -31.6%
84	SPDR SER TR PORTFOLIO SH TSR SPTS	SPTS	10	$2900.00%	0.00%	Unchanged
85	VANGUARD SCOTTSDALE FDS INTER TERM TREAS VGIT	VGIT	4	$2360.00%	0.00%	New

Sold out since Q1 2026

Security	Ticker	Shares held before	Value then
WINNEBAGO INDS INC WGO 3.25 01.15.30	WGO 3.25 01.15.30	2,950,000	$2.7m3.0m shares
LUMENTUM HLDGS INC LITE 1.5 12.15.29	LITE 1.5 12.15.29	119,000	$1.2m119.0k shares