MORGAN STANLEY DIRECT LENDIN

Ticker: MSDL CUSIP: 61774A103 Class: COM SHS

Virtus Investment Advisers, LLC's Holding History (CIK: 0000019481)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 26,281 Value ($000) $433 Avg Close $16.42 Range $15.24 - $17.38

Q3 2025

Shares 30,302 Value ($000) $487 Avg Close $17.18 Range $15.53 - $18.77

Q2 2025

Shares 20,380 Value ($000) $382 Avg Close $17.74 Range $16.13 - $18.75

Q1 2025

Shares 21,135 Value ($000) $422 Avg Close $18.51 Range $17.78 - $19.46

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	26,281	$433	$16.42	$15.24 - $17.38
Q3 2025	30,302	$487	$17.18	$15.53 - $18.77
Q2 2025	20,380	$382	$17.74	$16.13 - $18.75
Q1 2025	21,135	$422	$18.51	$17.78 - $19.46