ETFIS Series Trust I (PFFR) NPORT-P Virtus WMC International Dividend ETF (Jan 2022 report)

Schedule of Investments - Virtus WMC International Dividend ETF

January 31, 2022 (unaudited)

Security Description	Shares		Value
COMMON STOCKS - 99.1%
Australia - 13.1%
Aurizon Holdings Ltd.		22,781	$	56,698
BHP Group Ltd.		8,866		290,554
BHP Group Ltd.*		3,642		114,959
Magellan Financial Group Ltd.		845		11,119
Rio Tinto Ltd.		1,697		133,857
Rio Tinto PLC		3,221		224,610
Transurban Group		302		2,658
Wesfarmers Ltd.		1,856		69,170
Total Australia				903,625
Belgium - 0.6%
Proximus SADP		1,942		39,522
Canada - 9.0%
Algonquin Power & Utilities Corp.		6,315		90,168
Bank of Nova Scotia (The)		974		70,157
BCE, Inc.		1,444		75,429
Canadian Imperial Bank of Commerce		590		74,087
Great-West Lifeco, Inc.		1,685		52,638
IGM Financial, Inc.		893		31,374
Intact Financial Corp.		25		3,387
Manulife Financial Corp.		746		15,535
Power Corp. of Canada		1,045		33,591
Royal Bank of Canada		162		18,470
TC Energy Corp.		1,257		64,909
TELUS Corp.		3,043		71,601
Toronto-Dominion Bank (The)		285		22,827
Total Canada				624,173
China - 0.5%
BOC Hong Kong Holdings Ltd.		5,147		19,804
SITC International Holdings Co., Ltd.		4,436		16,783
Total China				36,587
Denmark - 0.9%
AP Moller - Maersk A/S Class B		11		39,313
Tryg A/S		927		21,898
Total Denmark				61,211
Finland - 1.8%
Fortum Oyj		791		21,372
Kone Oyj Class B		957		61,519
Nordea Bank Abp		398		4,693
Orion Oyj Class B		520		21,060
Sampo Oyj Class A		370		18,227
Total Finland				126,871
France - 7.9%
Amundi SA(1)		101		7,790
AXA SA		2,780		87,308
Bouygues SA		941		32,973
Danone SA		285		17,690
La Francaise des Jeux SAEM(1)		167		6,874
Orange SA		4,223		49,436
Sanofi		2,563		267,063
TotalEnergies SE		1,324		74,699
Total France				543,833
Germany - 8.7%
Allianz SE		1,246		318,247
BASF SE		1,760		133,505
Deutsche Post AG		882		52,507
E.ON SE		1,506		20,675
Daimler AG		527		41,402
SAP SE		155		19,224
Siemens AG		127		19,958
Total Germany				605,518
Hong Kong - 3.3%
CK Infrastructure Holdings Ltd.		2,906		17,890
CLP Holdings Ltd.		1,388		13,867
Hang Seng Bank Ltd.		818		16,146
HKT Trust & HKT Ltd.		17,022		23,185
Hong Kong Exchanges & Clearing Ltd.		169		9,502
Link REIT		444		3,801
MTR Corp. Ltd.		1,914		10,334
New World Development Co., Ltd.		1,966		7,993
Power Assets Holdings Ltd.		13,135		80,609
Sino Land Co., Ltd.		20,718		26,784
Sun Hung Kai Properties Ltd.		762		9,260
Xinyi Glass Holdings Ltd.		4,389		11,568
Total Hong Kong				230,939
Italy - 3.1%
Assicurazioni Generali SpA		4,533		94,620
Enel SpA		3,397		25,879
Eni SpA		1,755		26,239
Snam SpA		10,667		59,439
Terna - Rete Elettrica Nazionale		984		7,683
Total Italy				213,860
Japan - 15.7%
Bandai Namco Holdings, Inc.		356		24,770
Bridgestone Corp.		545		23,741
Canon, Inc.		1,232		28,996
Chugai Pharmaceutical Co., Ltd.		88		2,838
Daito Trust Construction Co., Ltd.		86		9,790
Disco Corp.		70		18,917
FANUC Corp.		42		8,197
ITOCHU Corp.		574		18,290
Itochu Techno-Solutions Corp.		651		17,593
Japan Exchange Group, Inc.		129		2,636
Japan Tobacco, Inc.		3,210		63,988
KDDI Corp.		1,040		32,941
Kirin Holdings Co., Ltd.		631		10,072
Kyocera Corp.		379		23,169
Mitsubishi Corp.		2,114		71,220
Mitsui & Co., Ltd.		4,362		108,159
MS&AD Insurance Group Holdings, Inc.		589		20,094
Nintendo Co., Ltd.		171		83,449
Obic Co., Ltd.		109		17,778
Otsuka Corp.		685		27,530
SBI Holdings, Inc.		317		8,104
SCSK Corp.		277		4,638
Sekisui House Ltd.		3,044		61,221
Seven & i Holdings Co., Ltd.		184		8,943
SoftBank Corp.		7,974		99,363
Sumitomo Corp.		1,371		21,099
Takeda Pharmaceutical Co., Ltd.		1,491		43,118
Tokyo Electron Ltd.		85		40,424
Toyota Motor Corp.		2,733		53,328
Trend Micro, Inc.		1,100		57,925

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

January 31, 2022 (unaudited)

Security Description	Shares		Value
COMMON STOCKS (continued)
Japan (continued)
USS Co., Ltd.		4,547	$	73,729
Total Japan				1,086,060
Netherlands - 0.9%
ASML Holding NV		13		8,678
Koninklijke Ahold Delhaize NV		1,092		35,277
Randstad NV		328		21,210
Total Netherlands				65,165
Norway - 1.8%
Gjensidige Forsikring ASA		1,115		27,154
Telenor ASA		6,032		99,460
Total Norway				126,614
Portugal - 0.1%
Galp Energia SGPS SA		521		5,723
Russia - 0.1%
Evraz PLC		593		3,982
Singapore - 2.6%
Ascendas Real Estate Investment Trust		12,943		26,443
CapitaLand Integrated Commercial Trust		21,633		31,066
Mapletree Logistics Trust		6,047		7,565
Oversea-Chinese Banking Corp. Ltd.		2,739		25,282
Singapore Exchange Ltd.		1,388		9,565
Singapore Technologies Engineering Ltd.		10,643		29,386
United Overseas Bank Ltd.		1,068		23,685
Venture Corp. Ltd.		2,204		28,713
Total Singapore				181,705
Spain - 2.8%
ACS Actividades de Construccion y Servicios SA		675		16,903
Enagas SA		3,413		73,619
Endesa SA		961		21,425
Naturgy Energy Group SA		1,447		45,729
Red Electrica Corp. SA		1,792		36,056
Total Spain				193,732
Sweden - 1.0%
Evolution AB(1)		16		1,948
Svenska Handelsbanken AB Class A		956		10,123
Tele2 AB Class B		3,485		50,436
Telia Co. AB		1,552		6,093
Total Sweden				68,600
Switzerland - 10.3%
ABB Ltd.		564		19,300
Adecco Group AG		302		14,281
EMS-Chemie Holding AG		23		23,071
Kuehne + Nagel International AG		76		21,349
Nestle SA		147		18,890
Novartis AG		3,225		278,875
Roche Holding AG		161		62,009
SGS SA		6		16,997
Swiss Life Holding AG		22		14,055
Zurich Insurance Group AG		507		241,121
Total Switzerland				709,948
United Kingdom - 13.1%
Admiral Group PLC		2,046		86,512
Aviva PLC		1,706		9,962
BAE Systems PLC		5,150		39,978
British American Tobacco PLC		4,369		185,883
GlaxoSmithKline PLC		6,031		133,265
Imperial Brands PLC		4,021		94,719
Legal & General Group PLC		6,978		26,972
National Grid PLC		2,539		36,865
Persimmon PLC		1,642		52,867
Phoenix Group Holdings PLC		7,493		66,531
Unilever PLC		3,429		174,667
Total United Kingdom				908,221
United States - 1.8%
Swiss Re AG		1,135		122,852
Total Common Stocks
(Cost $6,497,543)				6,858,741
PREFERRED STOCKS - 0.2%
Germany - 0.2%
Porsche Automobil Holding SE, 2.53%		154		14,256
Total Preferred Stocks
(Cost $10,878)				14,256
RIGHT - 0.0%(2)
Spain - 0.0%(2)
ACS Actividades de Construccion y Servicios SA, expiring 02/02/22*
(Cost $361)		675		353
TOTAL INVESTMENTS - 99.3%
(Cost $6,508,782)				6,873,350
Other Assets in Excess of Liabilities - 0.7%				51,824
Net Assets - 100.0%			$	6,925,174

*	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 January 31, 2022, the aggregate value of these securities was $16,612, or 0.2% of net assets.
(2)	Amount rounds to less than 0.05%.

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

January 31, 2022 (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 January 31, 2022.

	Level 1		Level 2		Level 3		Total
Asset Valuation Inputs
Common Stocks	$	6,858,741	$	—	$	—	$	6,858,741
Preferred Stocks		14,256		—		—		14,256
Right		—		353		—		353
Total	$	6,872,997	$	353	$	—	$	6,873,350

Sector Breakdown
As of January 31, 2022 (based on net assets)
Financials	23.5	%
Materials	13.3	%
Health Care	11.7	%
Industrials	10.3	%
Communication Services	9.1	%
Consumer Staples	8.8	%
Utilities	8.0	%
Consumer Discretionary	6.1	%
Information Technology	4.2	%
Energy	2.5	%
Real Estate	1.8	%
Other Assets in Excess of Liabilities	0.7	%
Total	100.0	%