0001752724-24-054927.txt : 20240314 0001752724-24-054927.hdr.sgml : 20240314 20240314103633 ACCESSION NUMBER: 0001752724-24-054927 CONFORMED SUBMISSION TYPE: N-CEN PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20231231 FILED AS OF DATE: 20240314 DATE AS OF CHANGE: 20240314 EFFECTIVENESS DATE: 20240314 FILER: COMPANY DATA: COMPANY CONFORMED NAME: VIRTUS ALTERNATIVE SOLUTIONS TRUST CENTRAL INDEX KEY: 0001589756 ORGANIZATION NAME: IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: N-CEN SEC ACT: 1940 Act SEC FILE NUMBER: 811-22906 FILM NUMBER: 24748336 BUSINESS ADDRESS: STREET 1: 101 MUNSON STREET CITY: GREENFIELD STATE: MA ZIP: 01301 BUSINESS PHONE: 860.263.4790 MAIL ADDRESS: STREET 1: ONE FINANCIAL PLAZA STREET 2: 26TH FLOOR CITY: HARTFORD STATE: CT ZIP: 06103 FORMER COMPANY: FORMER CONFORMED NAME: VIRTUS ALTERNATIVE SOLUTIONS FUNDS DATE OF NAME CHANGE: 20140204 FORMER COMPANY: FORMER CONFORMED NAME: VIRTUS ALTERNATIVES TRUST I DATE OF NAME CHANGE: 20131022 0001589756 S000079777 Virtus AlphaSimplex Global Alternatives Fund C000241131 Class C GAFCX C000241132 Class I GAFYX C000241133 Class R6 GAFNX C000241134 Class A GAFAX 0001589756 S000079778 Virtus AlphaSimplex Managed Futures Strategy Fund C000241135 Class R6 AMFNX C000241136 Class A AMFAX C000241137 Class C ASFCX C000241138 Class I ASFYX N-CEN 1 primary_doc.xml X0404 N-CEN LIVE 0001589756 XXXXXXXX 811-22906 false false false N-1A S000079778 C000241136 C000241135 C000241137 C000241138 S000079777 C000241134 C000241131 C000241132 C000241133 Virtus Alternative Solutions Trust 811-22906 0001589756 549300LL1U2Z63VKA167 101 Munson Street Greenfield 01301-9668 US-MA US 800-243-1574 Kayne Anderson Rudnick Investment Management, LLC 2000 Avenue of the Stars Suite 1110 Los Angeles 90067 310-556-2721 Records related to its functions as sub-adviser The Bank of New York Mellon 240 Greenwich Street New York 10286 212-495-1784 Records related to its function as custodian Virtus Fund Services, LLC One Financial Plaza Hartford 06103 800-243-1574 Records relating to its function as Administrator and Transfer Agent AlphaSimplex Group, LLC 1 Cambridge Center Cambridge 02142 617-475-7100 Records related to its functions as sub-adviser BNY Mellon Investment Servicing (US) Inc. 301 Bellevue Parkway Wilmington 19809 1-302-791-1700 Records related to its functions as fund accountant, sub-administrator, sub-transfer agent and dividend dispersing agent Jennifer Fromm, Esq. One Financial Plaza Hartford 06103 (800)-243-1574 Records relating to her function as a Secretary of the Trust VP Distributors, LLC One Financial Plaza Hartford 06103 860-263-4736 Records related to its functions as principal underwriter Virtus Alternative Investment Advisers, Inc. One Financial Plaza Hartford 06103 800-248-7971 Records related to its functions as investment adviser Duff & Phelps Investment Management Co. 10 South Wacker Drive Suite 1900 Chicago 60606 312-263-2610 Records related to its functions as sub-adviser N N N-1A 4 Y Sarah E. Cogan N/A N Brian T. Zino N/A N Sidney E. Harris N/A N R. Keith Walton N/A N John R. Mallin N/A N Deborah A. DeCotis N/A N F. Ford Drummond N/A N Philip R. McLoughlin N/A N George R. Aylward N/A Y Connie D. McDaniel N/A N Geraldine M. McNamara N/A N Donald C. 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Report of Independent Registered Public Accounting Firm

To the Board of Trustees of Virtus Alternative Solutions Trust and Shareholders of Virtus AlphaSimplex Global Alternatives Fund and Virtus AlphaSimplex Managed Futures Strategy Fund

In planning and performing our audits of the consolidated financial statements of Virtus AlphaSimplex Global Alternatives Fund and Virtus AlphaSimplex Managed Futures Strategy Fund (two of the funds constituting Virtus Alternative Solutions Trust, hereafter referred to as the "Funds"), as of and for the periods ended December 31, 2023, in accordance with the standards of the Public Company Accounting Oversight Board (United States) ("PCAOB"), we considered the Funds' internal control over financial reporting, including controls over safeguarding securities, as a basis for designing our auditing procedures for the purpose of expressing our opinion on the consolidated financial statements and to comply with the requirements of Form N-CEN, but not for the purpose of expressing an opinion on the effectiveness of the Funds' internal control over financial reporting. Accordingly, we do not express an opinion on the effectiveness of the Funds' internal control over financial reporting.

The management of the Funds is responsible for establishing and maintaining effective internal control over financial reporting. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. A company's internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of consolidated financial statements for external purposes in accordance with generally accepted accounting principles. A company's internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide reasonable assurance that transactions are recorded as necessary to

permit preparation of consolidated financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of a company's assets that could have a material effect on the consolidated financial statements.

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

A deficiency in internal control over financial reporting exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the company's annual or interim consolidated financial statements will not be prevented or detected on a timely basis.

Our consideration of the Funds' internal control over financial reporting was for the limited purpose described in the first paragraph and would not necessarily disclose all deficiencies in internal control over financial reporting that might be material weaknesses under standards established by the PCAOB. However, we noted no deficiencies in the Funds' internal control over financial reporting and its operation, including controls over safeguarding securities, that we consider to be a material weakness as defined above as of December 31, 2023.

This report is intended solely for the information and use of the Board of Trustees of Virtus Alternative Solutions Trust and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties.

/s/ PricewaterhouseCoopers LLP

Philadelphia,Pennsylvania

February 26, 2024

PricewaterhouseCoopers LLP, Two Commerce Square, Suite 1800, 2001 Market Street, Philadelphia, PA 19103 T: (267) 330 3000, F: (267) 330 3300, www. pwc.com/us