A bunch of filler honestly.
Turkey, corn gluten meal, soy flour, animal fat preserved with mixed-tocopherols (form of Vitamin E), poultry by-product meal (natural source of glucosamine), whole wheat, whole corn, soybean meal, brewers rice, corn germ meal, venison, glycerin, oat meal, animal digest, calcium phosphate, calcium carbonate, salt, potassium chloride, caramel color, Vitamin E supplement, sulfur, zinc sulfate, choline chloride, ferrous sulfate, manganese sulfate, niacin, Vitamin A supplement, calcium pantothenate, thiamine mononitrate, copper sulfate, riboflavin supplement, Vitamin B-12 supplement, pyridoxine hydrochloride, garlic oil, folic acid, Vitamin D-3 supplement, calcium iodate, biotin, menadione sodium bisulfite complex (source of Vitamin K activity), sodium selenite.
Just going off the top, corn gluten meal, soy flour, whole wheat, whole corn, soybean meal, etc are cheap fillers. It worries me when the company won't even tell me what animal the fat comes from whether it is preserved with mixed tocopherols or not. By-product meal is always a trash ingredient IMO. There are other red flag ingredients to me, but they are less major than all the filler. Not worth the money.