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        <name>Capital Power (US Holdings) Inc</name>
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        <name>Petroleos Mexicanos Sa De CV</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>Virtus Managed Account Completion Shares (MACS) Trust</name>
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        <assetCat>EC</assetCat>
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        <fairValLevel>1</fairValLevel>
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        <name>NextEra Energy Capital Holdings Inc</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Argentina (Republic Of)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Oman (Sultanate Of)</name>
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        <name>Citigroup Inc.</name>
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        <name>Peru (Republic Of)</name>
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        <name>Peru (Republic Of)</name>
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        <name>Capital One Financial Corp.</name>
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        <name>Lumentum Holdings Inc.</name>
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        <name>American Express Company</name>
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        <name>Nokia Corp</name>
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        <title>NOKIA 6.625 05/15/39</title>
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        <invCountry>FI</invCountry>
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        <name>ESC NMG Parent LLC</name>
        <lei>N/A</lei>
        <title>ESC NMG Parent LLC</title>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>HF Sinclair Corp.</name>
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        <name>Colombia (Republic Of)</name>
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        <name>Oracle Corp.</name>
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        <name>UBS Group AG</name>
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        <name>Senegal (Republic of)</name>
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        <name>Enbridge Inc.</name>
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        <name>Alaska Airlines Pass Through Trust 2020-1A</name>
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          <maturityDt>2027-08-15</maturityDt>
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        <name>State Street Corp.</name>
        <lei>549300ZFEEJ2IP5VME73</lei>
        <title>STT V6.123 11/21/34</title>
        <cusip>857477CG6</cusip>
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        <valUSD>89818.03000000</valUSD>
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        <name>Ukraine (Republic of)</name>
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        <invCountry>UA</invCountry>
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        <name>Egypt (Arab Republic of)</name>
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        <name>Atlas Warehouse Lending Co. LP</name>
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        <name>Goldman Sachs Group, Inc.</name>
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        <name>Texas Capital Bancshares, Inc.</name>
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        <name>Lannett Company Inc Common Stock</name>
        <lei>N/A</lei>
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        <name>Societe Generale S.A.</name>
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        <name>Imperial Brands Finance Plc</name>
        <lei>2138008L3B3MCG1DFS50</lei>
        <title>IMBLN 5.625 07/01/35 144A</title>
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        <name>Occidental Petroleum Corp.</name>
        <lei>IM7X0T3ECJW4C1T7ON55</lei>
        <title>OXY 6.2 03/15/40</title>
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        <name>Dominican Republic</name>
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        <name>Nippon Life Insurance Co.</name>
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        <name>DRAWBRIDGE SPECIAL OPPORTUNITIES FUND LP/DRAWBRIDGE SPECIAL OPPORTUNITIES FINANCE CORP</name>
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        <name>Petroleos Mexicanos Sa De CV</name>
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        <name>Wells Fargo &amp; Co.</name>
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        <name>TRINIDAD AND TOBAGO, REPUBLIC OF - MINISTRY OF FINANCE</name>
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        <name>Foundry JV Holdco LLC.</name>
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        <name>Egypt (Arab Republic of)</name>
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        <name>Pilgrims Pride Corporation</name>
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        <name>Chile (Republic Of)</name>
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        <name>TRINIDAD AND TOBAGO, REPUBLIC OF - MINISTRY OF FINANCE</name>
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        <name>Morgan Stanley</name>
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        <name>Virtus Managed Account Completion Shares (MACS) Trust</name>
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        <name>Dick's Sporting Goods, Inc.</name>
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        <name>COLUMBIA PIPELINES OPERATING CO LLC</name>
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        <name>Dominican Republic</name>
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        <name>Meta Platforms Inc</name>
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        <name>West Marine / Rising Tide - Common Stock</name>
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        <name>ICON Investments Six DAC</name>
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        <name>PNC Financial Services Group Inc.</name>
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        <name>MSCI Inc.</name>
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        <name>Universal Health Services, Inc.</name>
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      <invstOrSec>
        <name>Mexico (United Mexican States)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Panama (Republic of)</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Ivory Coast (Republic Of)</name>
        <lei>254900ICW11T82O6H590</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Philippines (Republic Of)</name>
        <lei>529900RAHBALMYIJ3T08</lei>
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        <curCd>USD</curCd>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-03-05</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Boeing Co.</name>
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          <isin value="US097023CW33"/>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Hungary (Republic Of)</name>
        <lei>5299003F3UFKGCCMAP43</lei>
        <title>REPHUN 6.25 09/22/32 144A</title>
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          <isin value="US445545AS56"/>
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        <curCd>USD</curCd>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>HU</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2032-09-22</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Stellantis Finance Us Inc</name>
        <lei>549300QZ0AI8Q7LNON33</lei>
        <title>STLA 6.45 03/18/35 144A</title>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2035-03-18</maturityDt>
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      <invstOrSec>
        <name>Smith &amp; Nephew PLC</name>
        <lei>213800ZTMDN8S67S1H61</lei>
        <title>SNLN 5.4 03/20/34</title>
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          <isin value="US83192PAD06"/>
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        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2034-03-20</maturityDt>
          <couponKind>Fixed</couponKind>
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        <name>Costar Group Inc</name>
        <lei>984500Q1D53D08E2E698</lei>
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        <fairValLevel>2</fairValLevel>
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        <name>Saudi Arabia (Kingdom of)</name>
        <lei>635400FMICXSM3SI3H65</lei>
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        <invCountry>SA</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Czech (Republic of)</name>
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        <invCountry>CZ</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Seagate HDD Cayman</name>
        <lei>529900BD50TRWEG1SF63</lei>
        <title>STX 3.5 06/01/28</title>
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        <invCountry>KY</invCountry>

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        <name>Nigeria (Federal Republic of)</name>
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        <name>Bahrain (Kingdom of)</name>
        <lei>549300RODM1WN85LFQ95</lei>
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        <name>Saudi Arabia (Kingdom of)</name>
        <lei>635400FMICXSM3SI3H65</lei>
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        <cusip>80413TBL2</cusip>
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        <fairValLevel>2</fairValLevel>
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        <name>Sprint Capital Corporation</name>
        <lei>549300L17W0GQBR1PO80</lei>
        <title>S 8.75 03/15/32</title>
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        <fairValLevel>2</fairValLevel>
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        <name>TRINIDAD AND TOBAGO, REPUBLIC OF - MINISTRY OF FINANCE</name>
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        <name>Dominion Energy Inc</name>
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        <name>Comision Ejecutiva Hidroelectrica Del Rio Lempa</name>
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        <name>F&amp;G ANNUITIES &amp; LIFE INC</name>
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        <name>Capital One Financial Corp.</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <title>FR SD8492</title>
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        <name>NatWest Group PLC</name>
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        <name>Paragon Offshore Finance Company</name>
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        <name>Boeing Co.</name>
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        <name>United States Treasury Bonds</name>
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        <name>Blue Owl Finance Llc</name>
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        <name>Lebanese Republic</name>
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        <name>Romania (Republic Of)</name>
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        <name>Western Midstream Operating LP</name>
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        <name>Egypt (Arab Republic of)</name>
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          <couponKind>Fixed</couponKind>
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        <name>Barclays PLC</name>
        <lei>213800LBQA1Y9L22JB70</lei>
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        <invCountry>GB</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Fixed</couponKind>
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        <name>Peru (Republic Of)</name>
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        <issuerCat>NUSS</issuerCat>
        <invCountry>PE</invCountry>
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        <name>Bahrain (Kingdom of)</name>
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        <name>JSC National Company KazMunayGas</name>
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        <name>Poland (Republic of)</name>
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        <name>Federal Home Loan Mortgage Corp.</name>
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        <name>INTERCONTINENTAL EXCHANGE, INC.</name>
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        <name>Morgan Stanley</name>
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        <name>AerCap Ireland Capital Designated Activity Co. / AerCap Global Aviation Trust (AER)</name>
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        <name>Petroleos Mexicanos Sa De CV</name>
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        <invCountry>MX</invCountry>
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      <invstOrSec>
        <name>PETRONAS Capital Ltd.</name>
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        <name>Indonesia (Republic of)</name>
        <lei>529900FWX0GRR7WG5W79</lei>
        <title>INDON 5.1 02/10/54</title>
        <cusip>455780DV5</cusip>
        <identifiers>
          <isin value="US455780DV51"/>
        </identifiers>
        <balance>20000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>18150.00000000</valUSD>
        <pctVal>0.022054939045</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>ID</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2054-02-10</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.10000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Angola (Republic of)</name>
        <lei>549300QHR2R3J8JSGK83</lei>
        <title>ANGOL 8.75 04/14/32 144A</title>
        <cusip>035198AF7</cusip>
        <identifiers>
          <isin value="US035198AF76"/>
        </identifiers>
        <balance>67000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>65023.50000000</valUSD>
        <pctVal>0.079013186172</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>AO</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-04-14</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FEDERAL NATIONAL MORTGAGE ASSOCIATION</name>
        <lei>B1V7KEBTPIMZEU4LTD58</lei>
        <title>FN MA5072</title>
        <cusip>31418ET67</cusip>
        <identifiers>
          <isin value="US31418ET678"/>
        </identifiers>
        <balance>335594.65000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>338227.45000000</valUSD>
        <pctVal>0.410996462441</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>ABS-MBS</assetCat>
        <issuerCat>USGSE</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.50000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Turkey (Republic of)</name>
        <lei>5493000PCHOG3B6S3Q85</lei>
        <title>TURKEY 6.625 02/17/45 31Y</title>
        <cusip>900123CG3</cusip>
        <identifiers>
          <isin value="US900123CG37"/>
        </identifiers>
        <balance>123000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>104242.50000000</valUSD>
        <pctVal>0.126670081733</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>TR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2045-02-17</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>6.62500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2026-06-01</ncom:dateSigned>
      <ncom:nameOfApplicant>Virtus Variable Insurance Trust</ncom:nameOfApplicant>
      <ncom:signature>Amy Hackett</ncom:signature>
      <ncom:signerName>Amy Hackett</ncom:signerName>
      <ncom:title>Vice President and Assistant Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
