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

Schedule of Investments - Virtus WMC International Dividend ETF 

July 31, 2022 (unaudited) 

Security Description	Shares		Value
COMMON STOCKS - 98.9%
Australia - 13.1%
BHP Group Ltd.		13,487	$	364,496
Fortescue Metals Group Ltd.		4,309		55,216
Rio Tinto Ltd.		2,048		139,989
Rio Tinto PLC		4,094		245,520
Stockland		13,960		37,552
Wesfarmers Ltd.		1,063		34,633
Woodside Energy Group Ltd.		3,034		67,793
Total Australia				945,199
Belgium - 0.4%
Proximus SADP		1,938		26,829
Canada - 8.9%
Algonquin Power & Utilities Corp.		7,081		99,036
Bank of Nova Scotia (The)		1,004		61,163
BCE, Inc.		1,699		85,842
Canadian Imperial Bank of Commerce		1,255		63,488
Great-West Lifeco, Inc. Class Common Subscription Receipt		2,034		49,430
IGM Financial, Inc.		1,697		49,271
Manulife Financial Corp. Class Common Subscription Receipt		4,477		81,950
Power Corp. of Canada		1,261		34,269
Royal Bank of Canada		138		13,456
TELUS Corp.		3,673		84,557
Toronto-Dominion Bank (The)		344		22,345
Total Canada				644,807
China - 1.4%
SITC International Holdings Co., Ltd.		19,782		67,159
Xinyi Glass Holdings Ltd.		16,933		33,349
Total China				100,508
Denmark - 2.3%
AP Moller - Maersk A/S Class A		32		85,277
AP Moller - Maersk A/S Class B		16		43,473
Tryg A/S		1,631		37,116
Total Denmark				165,866
Finland - 1.8%
Fortum OYJ		4,535		50,591
Kone OYJ Class B		1,156		52,576
Orion OYJ Class B		70		3,335
Sampo OYJ Class A		628		27,047
Total Finland				133,549
France - 7.9%
Amundi SA(1)		450		24,330
AXA SA		4,212		96,644
Bouygues SA		1,136		34,251
Danone SA		344		18,919
Orange SA		1,213		12,393
Sanofi		3,094		307,398
TotalEnergies SE		1,559		79,286
Total France				573,221
Germany - 6.1%
Allianz SE		1,504		272,568
BASF SE		1,846		81,911
Bayerische Motoren Werke AG		533		43,297
Deutsche Post AG		1,015		40,354
Total Germany				438,130

Security Description	Shares		Value
COMMON STOCKS (continued)
Hong Kong - 1.9%
CK Infrastructure Holdings Ltd.		592	$	3,710
CLP Holdings Ltd.		1,675		14,190
HKT Trust & HKT Ltd.		4,396		6,160
Link REIT		536		4,486
New World Development Co., Ltd.		2,374		7,923
Power Assets Holdings Ltd.		9,132		59,737
Sino Land Co., Ltd.		25,390		37,714
Total Hong Kong				133,920
Israel - 0.1%
ICL Group Ltd.		716		6,378
Italy - 3.3%
Assicurazioni Generali SpA		5,968		88,962
Enel SpA		4,100		20,571
Eni SpA		2,118		25,361
Snam SpA		21,215		106,202
Total Italy				241,096
Japan - 15.2%
Bandai Namco Holdings, Inc.		119		9,245
Bridgestone Corp.		275		10,720
Canon, Inc.		1,490		35,096
Daito Trust Construction Co., Ltd.		105		9,913
Disco Corp.		84		20,347
ITOCHU Corp.		529		15,336
Itochu Techno-Solutions Corp.		755		20,099
Japan Metropolitan Fund Invest		36		29,264
Japan Tobacco, Inc.		4,412		78,993
KDDI Corp.		1,466		47,185
Kirin Holdings Co., Ltd.		735		12,046
Mitsui & Co., Ltd.		5,288		116,011
MS&AD Insurance Group Holdings, Inc.		114		3,691
Nintendo Co., Ltd.		76		34,030
Nippon Yusen KK		720		56,153
Otsuka Corp.		829		25,706
SBI Holdings, Inc.		419		8,440
SCSK Corp.		379		6,628
Secom Co., Ltd.		14		933
Sekisui House Ltd.		3,662		64,699
Shin-Etsu Chemical Co., Ltd.		46		5,851
SoftBank Corp.		12,560		144,909
Sumitomo Corp.		1,679		23,476
Takeda Pharmaceutical Co., Ltd.		2,534		74,585
Tokio Marine Holdings, Inc.		401		23,347
Tokyo Electron Ltd.		102		35,193
Trend Micro, Inc.		1,399		80,887
USS Co., Ltd.		5,201		101,602
Total Japan				1,094,385
Netherlands - 0.4%
Koninklijke Ahold Delhaize NV		1,193		32,781
Norway - 1.8%
Gjensidige Forsikring ASA		1,346		28,048
Norsk Hydro ASA		1,471		9,902
Telenor ASA		7,372		89,241
Total Norway				127,191
Singapore - 2.5%
Ascendas Real Estate Investment Trust		19,377		41,660

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

July 31, 2022 (unaudited) 

Security Description	Shares		Value
COMMON STOCKS (continued)
Singapore (continued)
CapitaLand Integrated Commercial Trust		26,160	$	41,283
Mapletree Logistics Trust		7,282		9,278
Oversea-Chinese Banking Corp. Ltd.		3,355		28,343
Singapore Exchange Ltd.		1,696		12,155
Singapore Technologies Engineering Ltd.		12,805		37,264
Venture Corp. Ltd.		1,036		13,184
Total Singapore				183,167
Spain - 2.7%
ACS Actividades de Construccion y Servicios SA		876		20,959
Enagas SA		4,556		89,776
Endesa SA		1,160		21,234
Iberdrola SA		229		2,441
Industria de Diseno Textil SA		722		17,481
Red Electrica Corp. SA		2,162		42,492
Total Spain				194,383
Sweden - 0.8%
Tele2 AB Class B		4,206		47,990
Telia Co. AB		1,873		6,906
Total Sweden				54,896
Switzerland - 9.7%
Adecco Group AG		365		12,819
Kuehne + Nagel International AG		52		13,942
Novartis AG		4,754		408,099
Zurich Insurance Group AG		602		262,405
Total Switzerland				697,265
United Kingdom - 13.4%
Admiral Group PLC		3,034		70,867
Aviva PLC		1,565		7,547
BAE Systems PLC		5,024		47,111
Barratt Developments PLC		367		2,239
British American Tobacco PLC		6,391		250,651
Haleon PLC*		7,279		25,866
Imperial Brands PLC		3,029		66,360
Legal & General Group PLC		13,654		43,399
National Grid PLC		3,065		42,234
Persimmon PLC		3,463		79,453
Phoenix Group Holdings PLC		9,659		75,729
Unilever PLC		5,274		257,133
Total United Kingdom				968,589
United States - 5.2%
GSK PLC		5,822		122,488
Roche Holding AG		191		63,289
Stellantis NV		5,766		82,044
Swiss Re AG		1,444		108,165
Total United States				375,986
Total Common Stocks
(Cost $7,685,538)				7,138,146
WARRANT - 0.0%(2)
Australia - 0.0%(2)
Magellan Financial Group Ltd., expiring 04/16/27*
(Cost $0)		567		333

Security Description	Shares	Value
WARRANT (continued)
Australia (continued)
TOTAL INVESTMENTS - 98.9%
(Cost $7,685,538)			7,138,479
Other Assets in Excess of Liabilities - 1.1%			77,620
Net Assets - 100.0%		$	7,216,099

*	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, 2022, the aggregate value of these securities was $24,330, or 0.3% of net assets.
(2)	Amount rounds to less than 0.05%.

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

July 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 July 31, 2022.

	Level 1		Level 2		Level 3		Total
Asset Valuation Inputs
Common Stocks	$	7,138,146	$	—	$	—	$	7,138,146
Warrant		333		—		—		333
Total	$	7,138,479	$	—	$	—	$	7,138,479

Sector Breakdown
As of July 31, 2022 (based on net assets)
Financials	22.1%
Health Care	13.6%
Materials	12.6%
Consumer Staples	10.3%
Industrials	9.7%
Communication Services	8.1%
Utilities	7.6%
Consumer Discretionary	6.2%
Information Technology	3.3%
Real Estate	3.0%
Energy	2.4%
Other Assets in Excess of Liabilities	1.1%
Total	100.0%