ETFIS Series Trust I (PFFR) NPORT-P Virtus WMC International Dividend ETF (Jan 2023 report)

Schedule of Investments - Virtus WMC International Dividend ETF

January 31, 2023 (unaudited)

Security Description	Shares		Value
COMMON STOCKS - 98.5%
Australia - 11.8%
BHP Group Ltd.		9,982	$	347,922
Fortescue Metals Group Ltd.		3,169		49,747
Glencore PLC		10,728		71,579
Rio Tinto Ltd.		740		66,148
Rio Tinto PLC		3,856		300,396
Woodside Energy Group Ltd.		2,878		73,660
Total Australia				909,452
Austria - 0.6%
OMV AG		957		47,702
Brazil - 0.2%
Yara International ASA		298		13,196
Canada - 6.7%
Algonquin Power & Utilities Corp.		10,840		79,026
BCE, Inc.		1,858		87,835
Canadian Imperial Bank of Commerce		1,266		57,793
Enbridge, Inc.		592		24,240
Great-West Lifeco, Inc.		2,052		54,425
IGM Financial, Inc.		260		8,115
Manulife Financial Corp.		4,517		89,386
Sun Life Financial, Inc.		665		33,416
TELUS Corp.		3,706		79,855
Total Canada				514,091
China - 2.2%
BOC Hong Kong Holdings Ltd.		17,391		60,660
SITC International Holdings Co., Ltd.		34,390		74,910
Xinyi Glass Holdings Ltd.		17,085		36,300
Total China				171,870
Denmark - 0.9%
Tryg A/S		3,104		70,992
France - 11.6%
AXA SA		4,250		132,212
Bouygues SA		3,066		100,795
Edenred		629		34,184
Engie SA		2,581		36,533
Orange SA		7,427		78,498
Sanofi		2,895		282,217
TotalEnergies SE		3,743		231,862
Total France				896,301
Germany - 6.6%
Allianz SE		1,465		349,113
BASF SE		1,863		106,128
Deutsche Post AG		1,314		56,255
Total Germany				511,496
Hong Kong - 2.3%
HKT Trust & HKT Ltd.		70,351		92,053
Power Assets Holdings Ltd.		11,173		63,124
Sino Land Co., Ltd.		16,721		21,708
Total Hong Kong				176,885
Israel - 0.4%
ICL Group Ltd.		4,005		31,561
Italy - 5.3%
Assicurazioni Generali SpA		5,774		112,362
Enel SpA		32,961		193,178
Eni SpA		2,137		32,841
Intesa Sanpaolo SpA		3,268		8,562
Snam SpA		11,583		58,857
Total Italy				405,800
Japan - 14.0%
Canon, Inc.		1,732		38,495
Daito Trust Construction Co., Ltd.		397		39,101
Daiwa House Industry Co., Ltd.		318		7,600
Disco Corp.		85		25,272
Honda Motor Co., Ltd.		1,170		28,826
Isuzu Motors Ltd.		4,800		60,293
ITOCHU Corp.		534		17,161
Itochu Techno-Solutions Corp.		314		7,732
Japan Metropolitan Fund Invest		50		38,528
Japan Tobacco, Inc.		6,755		137,783
Komatsu Ltd.		1,410		34,176
Mitsubishi HC Capital, Inc.		8,476		43,108
Mitsui & Co., Ltd.		939		27,557
SBI Holdings, Inc.		3,704		78,055
Sekisui House Ltd.		4,259		80,197
SoftBank Corp.		14,425		164,735
Sumitomo Corp.		2,807		50,095
Takeda Pharmaceutical Co., Ltd.		2,367		74,375
Tokio Marine Holdings, Inc.		2,768		57,714
Trend Micro, Inc.		1,366		67,059
Total Japan				1,077,862
Netherlands - 1.3%
Koninklijke Ahold Delhaize NV		1,204		35,845
OCI NV		1,986		67,449
Total Netherlands				103,294
Norway - 1.3%
Telenor ASA		9,942		103,936
Singapore - 5.1%
CapitaLand Ascendas REIT		19,551		42,858
CapitaLand Integrated Commercial Trust		40,584		66,106
DBS Group Holdings Ltd.		288		7,846
Oversea-Chinese Banking Corp. Ltd.		14,063		138,403
Singapore Technologies Engineering Ltd.		33,596		94,104
Venture Corp. Ltd.		2,919		41,014
Total Singapore				390,331
Spain - 2.5%
ACS Actividades de Construccion y Servicios SA		2,465		72,730
CaixaBank SA		2,252		9,957
Enagas SA		4,944		88,497
Red Electrica Corp. SA		1,360		24,011
Total Spain				195,195
Sweden - 1.0%
Tele2 AB Class B		8,661		74,704
Switzerland - 8.8%
Adecco Group AG		2,648		97,937
Kuehne + Nagel International AG		184		43,734
Novartis AG		2,863		257,873
Zurich Insurance Group AG		568		280,557
Total Switzerland				680,101
United Kingdom - 11.6%
Admiral Group PLC		2,898		78,602

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

January 31, 2023 (unaudited)

Security Description	Shares		Value
COMMON STOCKS (continued)
United Kingdom (continued)
BAE Systems PLC		5,069	$	53,544
British American Tobacco PLC		1,794		68,475
Imperial Brands PLC		5,382		134,761
Legal & General Group PLC		2,377		7,443
M&G PLC		8,694		21,640
National Grid PLC		8,375		105,832
Phoenix Group Holdings PLC		9,837		77,713
Unilever PLC		6,031		305,480
Vodafone Group PLC		38,212		43,869
Total United Kingdom				897,359
United States - 4.3%
GSK PLC		1,185		20,795
Stellantis NV*		11,148		174,230
Swiss Re AG		1,315		137,260
Total United States				332,285
Total Common Stocks
(Cost $7,366,504)				7,604,413
PREFERRED STOCKS - 0.9%
Germany - 0.9%
Porsche Automobil Holding SE, 4.50%		1,118		66,557
Total Preferred Stocks
(Cost $64,444)				66,557
RIGHT - 0.0%(1)
Spain - 0.0%(1)
ACS Actividades de Construccion y Servicios SA, expiring 02/09/23*
(Cost $1,284)		2,465		1,251
TOTAL INVESTMENTS - 99.4%
(Cost $7,432,233)				7,672,221
Other Assets in Excess of Liabilities - 0.6%				43,423
Net Assets - 100.0%			$	7,715,644

*	Non-income producing security.
(1)	Amount rounds to less than 0.05%.

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, 2023.

	Level 1		Level 2		Level 3		Total
Asset Valuation Inputs
Common Stocks	$	7,604,413	$	—	$	—	$	7,604,413
Preferred Stocks		66,557		—		—		66,557
Right		1,251		—		—		1,251
Total	$	7,672,221	$	—	$	—	$	7,672,221

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

January 31, 2023 (unaudited)

Sector Breakdown
As of January 31, 2023 (based on net assets)
Financials	24.8	%
Materials	13.7	%
Industrials	9.8	%
Communication Services	9.4	%
Consumer Staples	8.8	%
Utilities	8.4	%
Health Care	8.2	%
Consumer Discretionary	5.4	%
Energy	5.3	%
Information Technology	2.8	%
Real Estate	2.8	%
Other Assets in Excess of Liabilities	0.6	%
Total	100.0	%