Virtus Low Volatility Equity Fund

Fund Holdings

Asset Allocation

% Long % Short % Net
Cash 0.66 0.0 0.66
Stocks 99.62 0.28 99.34
Bonds 0.0 0.0 0.0
Other 0.0 0.0 0.0
Foreign Bonds 0.0 0.0 0.0
Foreign Stocks 0.0 0.0 0.0
Convertible 0.0 0.0 0.0
Preferred 0.0 0.0 0.0

Updated 12.31.2013

Top 10 Holdings

Performance as of 02.28.2014

Portfolio as of 12.31.2013

% Net Assets
iShares S&P 100 99.63
Spx Us 01/18/14 C1880 01/18/14 1880.00 0.28
Cboe Volatility Binary 1/22/14 18.00 0.09