VAIA

Virtus Alternative Investment Advisers Portfolio holdings

AUM $6.71M

1-Year Return 37.54%

2020 Q4 2020 Q3 2020 Q2 2020 Q1 2019 Q4 2019 Q3 2019 Q2 2019 Q1 2018 Q4 2018 Q3 2018 Q2 2018 Q1 2017 Q4 2017 Q3 2017 Q2 2017 Q1 2016 Q4

This Quarter Return

+3.96%

1 Year Return

+37.54%

3 Year Return

+43.39%

5 Year Return

–

10 Year Return

–

AUM

$6.65M

AUM Growth

+$2.01M (+43%)

Cap. Flow

+$1.92M

Cap. Flow % of AUM

28.91%

Top 10 Holdings % Top 10 Hldgs %

67.61%

Holding

250

New

239

Increased

Reduced

Closed

Top Buys

1	Equifax EFX	$134K
2	TransUnion TRU	$127K
3	Marsh & McLennan MMC	$96K
4	Arthur J. Gallagher & Co AJG	$90K
5	Brown & Brown BRO	$32K

Top Sells

1	Invesco Emerging Markets Sovereign Debt ETF PCY	$183K
2	iShares JPMorgan USD Emerging Markets Bond ETF EMB	$170K
3	Equinix EQIX	$67K
4	Digital Realty Trust DLR	$65K
5	COR Coresite Realty Corporation COR	$65K

Sector Composition

1	Industrials	10.63%
2	Healthcare	7.43%
3	Technology	7.05%
4	Financials	5.34%
5	Consumer Staples	3.31%

Communication Services

Advertising Agencies

Broadcasting

Electronic Gaming & Multimedia

Entertainment

Internet Content & Information

Publishing

Telecom Services

Consumer Discretionary

Apparel Manufacturing

Apparel Retail

Auto Manufacturers

Auto Parts

Auto & Truck Dealerships

Department Stores

Footwear & Accessories

Furnishings, Fixtures & Appliances

Gambling

Home Improvement Retail

Internet Retail

Leisure

Lodging

Luxury Goods

Packaging & Containers

Personal Services

Recreational Vehicles

Residential Construction

Resorts & Casinos

Restaurants

Specialty Retail

Textile Manufacturing

Travel Services

Consumer Staples

Beverages - Brewers

Beverages - Non-Alcoholic

Beverages - Wineries & Distilleries

Confectioners

Discount Stores

Education & Training Services

Farm Products

Food Distribution

Grocery Stores

Household & Personal Products

Packaged Foods

Tobacco

Energy

Oil & Gas Drilling

Oil & Gas Equipment & Services

Oil & Gas Exploration & Production

Oil & Gas Integrated

Oil & Gas Midstream

Oil & Gas Refining & Marketing

Thermal Coal

Uranium

Financials

Asset Management

Banks - Diversified

Banks - Regional

Capital Markets

Credit Services

Diversified Insurance

Financial Conglomerates

Financial Data & Stock Exchanges

Insurance Brokers

Life Insurance

Mortgage Finance

Property & Casualty Insurance

Reinsurance

Shell Companies

Specialty - Insurance

Healthcare

Biotechnology

Diagnostics & Research

Drug Manufacturers - General

Drug Manufacturers - Specialty & Generic

Healthcare Plans

Health Information Services

Medical Care Facilities

Medical Devices

Medical Distribution

Medical Instruments & Supplies

Pharmaceutical Retailers

Industrials

Aerospace & Defense

Airlines

Airports & Air Services

Building Products & Equipment

Business Equipment & Supplies

Conglomerates

Consulting Services

Electrical Equipment & Parts

Engineering & Construction

Farm & Heavy Construction Machinery

Industrial Distribution

Infrastructure Operations

Integrated Freight & Logistics

Marine Shipping

Metal Fabrication

Pollution & Treatment Controls

Railroads

Rental & Leasing Services

Security & Protection Services

Specialty Business Services

Specialty Industrial Machinery

Staffing & Employment Services

Tools & Accessories

Trucking

Waste Management

Materials

Agricultural Inputs

Aluminum

Building Materials

Chemicals

Coking Coal

Copper

Gold

Lumber & Wood Production

Other Industrial Metals & Mining

Other Precious Metals & Mining

Paper & Paper Products

Silver

Specialty Chemicals

Steel

Real Estate

Diversified REIT

Healthcare Facilities REIT

Hotel & Motel REIT

Industrial REIT

Mortgage REIT

Office REIT

Real Estate Development

Real Estate Diversified

Real Estate Services

Residential REIT

Retail REIT

Specialty REIT

Technology

Communication Equipment

Computer Hardware

Consumer Electronics

Electronic Components

Electronics & Computer Distribution

Information Technology Services

Scientific & Technical Instruments

Semiconductor Equipment & Materials

Semiconductors

Software - Application

Software - Infrastructure

Solar

Utilities

Diversified Utilities

Electric Utilities

Gas Utilities

Independent Power Producers

Renewable Electricity

Water Utilities

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
126	126 CoStar Group CSGP $37.9B	$9K	0.14%	+150	New	+$9K
127	127 Carlisle Companies CSL $16.9B	$9K	0.14%	+56	New	+$9K
128	CSW 128 CSW Industrials, Inc. CSW $4.46B	$9K	0.14%	+122	New	+$9K
129	129 Cintas CTAS $82.4B	$9K	0.14%	+136	New	+$9K
130	130 Calavo Growers CVGW $485M	$9K	0.14%	+101	New	+$9K
131	131 Donaldson DCI $9.44B	$9K	0.14%	+162	New	+$9K
132	132 Deckers Outdoor DECK $17.9B	$9K	0.14%	+330	New	+$9K
133	133 Denny's DENN $237M	$9K	0.14%	+457	New	+$9K
134	134 Dollar General DG $24.1B	$9K	0.14%	+55	New	+$9K
135	135 Quest Diagnostics DGX $20.5B	$9K	0.14%	+85	New	+$9K
136	136 Dolby DLB $6.96B	$9K	0.14%	+125	New	+$9K
137	137 Dorman Products DORM $5B	$9K	0.14%	+123	New	+$9K
138	138 Darden Restaurants DRI $24.5B	$9K	0.14%	+78	New	+$9K
139	139 Enanta Pharmaceuticals ENTA $189M	$9K	0.14%	+144	New	+$9K
140	140 EPAM Systems EPAM $9.44B	$9K	0.14%	+43	New	+$9K
141	141 Evergy EVRG $16.5B	$9K	0.14%	+137	New	+$9K
142	142 Exelixis EXEL $10.2B	$9K	0.14%	+539	New	+$9K
143	143 EXL Service EXLS $7.26B	$9K	0.14%	+645	New	+$9K
144	144 Fastenal FAST $55.1B	$9K	0.14%	+504	New	+$9K
145	145 F5 FFIV $18.1B	$9K	0.14%	+62	New	+$9K
146	146 Fiserv FI $73.4B	$9K	0.14%	+77	New	+$9K
147	147 Fair Isaac FICO $36.8B	$9K	0.14%	+25	New	+$9K
148	148 Five Below FIVE $8.46B	$9K	0.14%	+72	New	+$9K
149	149 Flowers Foods FLO $3.13B	$9K	0.14%	+407	New	+$9K
150	150 Forward Air FWRD $916M	$9K	0.14%	+127	New	+$9K