ETFIS Series Trust I (PFFR) NPORT-P Virtus WMC International Dividend ETF (Jul 2021 report)

Schedule of Investments - Virtus WMC International Dividend ETF

July 31, 2021 (unaudited)

Security Description	Shares		Value
COMMON STOCKS - 99.4%
Australia - 12.9%
Aurizon Holdings Ltd.		24,465	$	69,301
BHP Group Ltd.		7,286		286,001
BHP Group PLC		1,576		50,911
Fortescue Metals Group Ltd.		6,184		113,044
Magellan Financial Group Ltd.		437		15,672
Rio Tinto Ltd.		872		85,378
Rio Tinto PLC		2,821		239,233
Transurban Group		753		7,902
Wesfarmers Ltd.		1,993		89,421
Total Australia				956,863
Belgium - 0.8%
Ageas SA/NV		357		18,871
Proximus SADP		2,086		42,871
Total Belgium				61,742
Canada - 9.1%
Algonquin Power & Utilities Corp.		4,349		69,300
Bank of Nova Scotia (The)		1,140		71,154
BCE, Inc.		1,699		84,800
Canadian Imperial Bank of Commerce		635		73,837
Enbridge, Inc.		1,865		73,518
Great-West Lifeco, Inc.		1,810		54,463
IGM Financial, Inc.		959		33,845
Power Corp. of Canada		1,122		35,811
Royal Bank of Canada		174		17,598
TC Energy Corp.		1,350		65,812
TELUS Corp.		3,268		72,584
Toronto-Dominion Bank (The)		306		20,345
Total Canada				673,067
China - 0.2%
BOC Hong Kong Holdings Ltd.		5,527		17,781
Denmark - 1.5%
Coloplast A/S Class B		87		15,913
Novo Nordisk A/S Class B		737		68,164
Tryg A/S		996		24,626
Total Denmark				108,703
Finland - 2.0%
Fortum OYJ		871		24,012
Kone OYJ Class B		929		76,944
Nordea Bank Abp		1,614		18,918
Orion OYJ Class B		558		23,756
Sampo OYJ Class A		156		7,517
Total Finland				151,147
France - 6.5%
Amundi SA(1)		108		9,980
AXA SA		2,756		71,533
Bouygues SA		269		10,368
Danone SA		306		22,527
La Francaise des Jeux SAEM(1)		231		12,359
Orange SA		4,535		50,542
Sanofi		2,348		241,989
TotalEnergies SE		1,532		66,696
Total France				485,994
Germany - 7.9%
Allianz SE		933		232,423
BASF SE		934		73,369

Security Description	Shares		Value
COMMON STOCKS (continued)
Germany (continued)
Daimler AG		660	$	58,939
Deutsche Post AG		947		64,156
E.ON SE		1,617		19,895
SAP SE		166		23,796
Siemens AG		537		83,819
Telefonica Deutschland Holding AG		11,513		31,057
Total Germany				587,454
Hong Kong - 4.2%
CK Infrastructure Holdings Ltd.		3,121		18,856
CLP Holdings Ltd.		1,491		15,387
Hang Seng Bank Ltd.		878		16,846
HKT Trust & HKT Ltd.		50,829		69,070
Hong Kong Exchanges & Clearing Ltd.		274		17,488
Link REIT		465		4,446
MTR Corp. Ltd.		985		5,837
New World Development Co., Ltd.		2,111		10,010
Power Assets Holdings Ltd.		14,106		91,122
Sino Land Co., Ltd.		20,811		31,868
Sun Hung Kai Properties Ltd.		818		11,715
Xinyi Glass Holdings Ltd.		4,225		15,767
Total Hong Kong				308,412
Israel - 0.1%
Teva Pharmaceutical Industries Ltd.*(2)		351		3,387
Italy - 3.1%
Assicurazioni Generali SpA		4,868		97,303
Enel SpA		3,648		33,668
Eni SpA		1,885		22,414
Snam SpA		11,456		69,362
Terna - Rete Elettrica Nazionale		1,057		8,406
Total Italy				231,153
Japan - 15.4%
ABC-Mart, Inc.		233		12,786
Bandai Namco Holdings, Inc.		382		24,587
Bridgestone Corp.		585		25,596
Canon, Inc.		1,323		30,107
Chugai Pharmaceutical Co., Ltd.		93		3,408
Daito Trust Construction Co., Ltd.		103		12,055
Denso Corp.		85		5,797
Disco Corp.		20		5,679
FANUC Corp.		45		10,000
ITOCHU Corp.		616		18,148
Itochu Techno-Solutions Corp.		699		21,377
Japan Exchange Group, Inc.		439		9,928
Japan Tobacco, Inc.		6,894		134,480
KDDI Corp.		381		11,572
Kirin Holdings Co., Ltd.		678		12,360
Mitsubishi Corp.		2,660		74,244
Mitsui & Co., Ltd.		1,805		41,125
MS&AD Insurance Group Holdings, Inc.		633		19,503
Nintendo Co., Ltd.		184		94,595
Nomura Research Institute Ltd.		424		13,604
Obic Co., Ltd.		117		20,498
Otsuka Corp.		464		24,066
SBI Holdings, Inc.		340		8,101
SCSK Corp.		99		5,938
Sekisui House Ltd.		3,269		64,379

Schedule of Investments - Virtus WMC International Dividend ETF (continued)

July 31, 2021 (unaudited)

Security Description	Shares		Value
COMMON STOCKS (continued)
Japan (continued)
Seven & i Holdings Co., Ltd.		198	$	8,786
SoftBank Corp.		8,564		111,592
Sumitomo Corp.		1,472		19,899
Takeda Pharmaceutical Co., Ltd.		1,601		53,734
Tokyo Electron Ltd.		101		41,356
Toyota Motor Corp.		587		52,464
Trend Micro, Inc.		1,445		74,947
USS Co., Ltd.		4,480		77,508
Total Japan				1,144,219
Netherlands - 1.0%
ASML Holding NV		14		10,612
Koninklijke Ahold Delhaize NV		1,173		36,450
Randstad NV		391		28,368
Total Netherlands				75,430
Norway - 1.4%
Gjensidige Forsikring ASA		1,197		27,409
Telenor ASA		4,358		75,669
Total Norway				103,078
Portugal - 0.1%
Galp Energia SGPS SA		559		5,453
Singapore - 2.6%
Ascendas Real Estate Investment Trust		13,900		32,007
CapitaLand Integrated Commercial Trust		15,781		25,041
DBS Group Holdings Ltd.		9		202
Mapletree Logistics Trust		6,494		10,113
Oversea-Chinese Banking Corp. Ltd.		2,942		26,707
Singapore Exchange Ltd.		1,491		13,073
Singapore Technologies Engineering Ltd.		11,430		33,827
United Overseas Bank Ltd.		1,147		22,247
Venture Corp. Ltd.		2,367		33,226
Total Singapore				196,443
Spain - 3.4%
ACS Actividades de Construccion y Servicios SA		725		19,058
Enagas SA		3,759		86,329
Endesa SA		1,032		25,109
Naturgy Energy Group SA		3,304		85,403
Red Electrica Corp. SA		1,925		38,192
Total Spain				254,091
Sweden - 1.7%
Evolution AB(1)		21		3,658
Skandinaviska Enskilda Banken AB Class A		2,129		28,825
Svenska Handelsbanken AB Class A		1,027		11,584
Swedbank AB Class A		1,037		20,209
Tele2 AB Class B		3,743		54,982
Telia Co. AB		1,667		7,318
Total Sweden				126,576
Switzerland - 11.5%
ABB Ltd.		606		22,164
Adecco Group AG		324		19,415
Cie Financiere Richemont SA		90		11,525
EMS-Chemie Holding AG		25		27,709
Kuehne + Nagel International AG		82		27,664
Nestle SA		596		75,532

Security Description	Shares		Value
COMMON STOCKS (continued)
Switzerland (continued)
Novartis AG		2,752	$	254,830
Roche Holding AG		199		76,966
SGS SA		12		38,854
Swiss Life Holding AG		24		12,399
Swiss Re AG		733		66,369
Zurich Insurance Group AG		553		223,312
Total Switzerland				856,739
United Kingdom - 14.0%
Admiral Group PLC		2,197		103,831
Aviva PLC		1,832		9,863
BAE Systems PLC		5,531		44,284
British American Tobacco PLC		4,692		174,820
Direct Line Insurance Group PLC		16,533		68,414
GlaxoSmithKline PLC		6,832		134,642
Imperial Brands PLC		5,509		118,080
Legal & General Group PLC		7,494		27,229
National Grid PLC		2,587		33,230
Persimmon PLC		1,763		71,165
Phoenix Group Holdings PLC		3,674		34,696
SSE PLC		595		11,955
Unilever PLC		3,682		212,449
Total United Kingdom				1,044,658
Total Common Stocks
(Cost $6,908,198)				7,392,390
PREFERRED STOCKS - 0.2%
Germany - 0.2%
Porsche Automobil Holding SE, 2.44%		165		17,866
Total Preferred Stocks
(Cost $12,125)				17,866
TOTAL INVESTMENTS - 99.6%
(Cost $6,920,323)				7,410,256
Other Assets in Excess of Liabilities - 0.4%				30,328
Net Assets - 100.0%			$	7,440,584

*	Non-income producing security.
(1)	Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and may not be resold subject to that rule except to qualified institutional buyers. Unless otherwise noted, 144A securities are deemed to be liquid. At July 31, 2021, the aggregate value of these securities was $25,997, or 0.3% of net assets.
(2)	American Depositary Receipts.

Schedule of Investments - Virtus WMC International Dividend ETF (continued)

July 31, 2021 (unaudited)

Fair Value Measurements

The Fund utilizes a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. Level 1 includes unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access. Level 2 includes observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar securities, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data. Level 3 includes unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available; representing the Fund's own assumptions about the assumptions a market participant would use in valuing the asset or liability, and would be based on the best information available. The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

The following table summarizes valuation of the Fund’s investments under the fair value hierarchy levels as of July 31, 2021.

	Level 1		Level 2		Level 3		Total
Asset Valuation Inputs
Common Stocks	$	7,392,390	$	–	$	–	$	7,392,390
Preferred Stock		17,866		–		–		17,866
Total	$	7,410,256	$	–	$	–	$	7,410,256

Sector Breakdown 

As of July 31, 2021 (based on net assets)

Financials	21.4	%
Materials	11.8	%
Health Care	11.8	%
Consumer Staples	10.7	%
Industrials	9.8	%
Communication Services	9.5	%
Utilities	8.5	%
Consumer Discretionary	6.9	%
Information Technology	4.1	%
Energy	3.1	%
Real Estate	1.8	%
Preferred Stock	0.2	%
Other Assets in Excess of Liabilities	0.4	%
Total	100.0	%