ETFIS Series Trust I (PFFR) NPORT-P Virtus WMC International Dividend ETF (Jan 2024 report)

Schedule of Investments - Virtus WMC International Dividend ETF

January 31, 2024 (unaudited)

Security Description	Shares		Value
COMMON STOCKS - 97.9%
Australia - 9.3%
Ampol Ltd.		824	$	19,661
BHP Group Ltd.		7,641		236,960
Computershare Ltd.		2,417		40,260
Fortescue Ltd.		3,697		72,472
Glencore PLC		30,970		165,019
Rio Tinto PLC		3,523		245,692
Woodside Energy Group Ltd.		4,059		86,305
Total Australia				866,369
Austria - 1.1%
OMV AG		2,356		105,180
Brazil - 0.4%
Yara International ASA		1,185		39,368
Canada - 9.8%
Algonquin Power & Utilities Corp.		8,004		47,448
BCE, Inc.		2,515		101,483
Canadian Imperial Bank of Commerce		1,477		66,750
Emera, Inc.		2,529		89,369
Enbridge, Inc.		2,676		95,022
IGM Financial, Inc.		356		9,631
Keyera Corp.		3,559		86,086
Manulife Financial Corp.		8,892		196,564
TC Energy Corp.		2,482		97,918
TELUS Corp.		6,774		121,327
Total Canada				911,598
China - 1.8%
BOC Hong Kong Holdings Ltd.		32,088		76,834
SITC International Holdings Co., Ltd.		56,259		85,490
Xinyi Glass Holdings Ltd.		8,940		7,376
Total China				169,700
Denmark - 1.0%
Tryg A/S		4,499		96,241
Finland - 1.1%
Kesko OYJ Class B		5,270		102,970
France - 6.7%
AXA SA		3,505		118,029
Bouygues SA		3,194		117,290
Engie SA		5,534		88,572
Orange SA		7,122		84,649
TotalEnergies SE		3,328		216,153
Total France				624,693
Germany - 3.2%
Allianz SE		842		225,484
Deutsche Post AG		1,533		73,757
Total Germany				299,241
Hong Kong - 3.1%
HKT Trust & HKT Ltd.		95,436		114,626
MTR Corp. Ltd.		13,154		42,737
Power Assets Holdings Ltd.		22,699		132,978
Total Hong Kong				290,341
Israel - 0.2%
Bank Leumi Le-Israel BM		2,779		21,225
Italy - 4.0%
Assicurazioni Generali SpA		5,806		129,820
Enel SpA		14,351		98,343
Eni SpA		602		9,638
Intesa Sanpaolo SpA		33,940		105,011
Snam SpA		5,802		28,398
Total Italy				371,210
Japan - 15.9%
Canon, Inc.		3,549		98,382
Daito Trust Construction Co., Ltd.		832		95,111
Daiwa House Industry Co., Ltd.		328		10,216
Isuzu Motors Ltd.		6,442		88,962
Japan Tobacco, Inc.		7,856		207,903
Komatsu Ltd.		2,748		79,259
Obic Co., Ltd.		189		29,195
Otsuka Corp.		379		16,053
SBI Holdings, Inc.		4,111		101,783
SCSK Corp.		5,256		103,777
Sekisui House Ltd.		6,246		142,039
SoftBank Corp.		14,855		198,178
Sumitomo Corp.		1,696		39,352
Takeda Pharmaceutical Co., Ltd.		2,659		78,805
Tokio Marine Holdings, Inc.		3,268		87,262
Trend Micro, Inc.		826		47,726
USS Co., Ltd.		2,967		56,455
Total Japan				1,480,458
Netherlands - 0.4%
ASR Nederland NV		226		10,676
Koninklijke Ahold Delhaize NV		841		23,639
Total Netherlands				34,315
Norway - 2.8%
Aker BP ASA		4,065		108,532
Equinor ASA		2,533		72,891
Telenor ASA		7,208		79,980
Total Norway				261,403
Singapore - 4.8%
CapitaLand Integrated Commercial Trust		6,695		10,031
DBS Group Holdings Ltd.		3,566		84,744
Mapletree Pan Asia Commercial Trust		36,513		39,739
Oversea-Chinese Banking Corp. Ltd.		20,460		196,593
Singapore Technologies Engineering Ltd.		35,576		98,918
United Overseas Bank Ltd.		819		17,320
Total Singapore				447,345
Spain - 3.5%
ACS Actividades de Construccion y Servicios SA		2,489		98,422
Aena SME SA(1)		166		29,466
CaixaBank SA		21,755		92,961
Enagas SA		5,969		97,340
Iberdrola SA		787		9,504
Iberdrola SA*		13		156
Total Spain				327,849
Sweden - 1.0%
Tele2 AB Class B		10,615		90,639
Switzerland - 8.8%
Adecco Group AG		2,698		117,368
Kuehne + Nagel International AG		30		10,214
Novartis AG		2,714		281,165
SGS SA		632		58,619
Zurich Insurance Group AG		686		349,062
Total Switzerland				816,428
United Kingdom - 11.0%
British American Tobacco PLC		2,872		85,114
HSBC Holdings PLC		1,615		12,653
Imperial Brands PLC		7,025		169,019
Legal & General Group PLC		32,943		106,459

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

January 31, 2024 (unaudited)

Security Description	Shares		Value
COMMON STOCKS (continued)
United Kingdom (continued)
M&G PLC		9,798	$	27,826
National Grid PLC		9,770		130,625
Phoenix Group Holdings PLC		15,384		98,533
St James’s Place PLC		2,808		23,280
Unilever PLC		7,036		343,026
Vodafone Group PLC		31,967		27,273
Total United Kingdom				1,023,808
United States - 8.0%
Sanofi SA		3,281		331,032
Stellantis NV		9,335		206,760
Swiss Re AG		1,806		207,398
Total United States				745,190
Total Common Stocks
(Cost $8,376,047)				9,125,571
PREFERRED STOCKS - 1.1%
Germany - 1.1%
Bayerische Motoren Werke AG, 9.36%		982		96,308
Total Preferred Stocks
(Cost $92,157)				96,308
RIGHT - 0.0%(2)
Spain - 0.0%(2)
ACS Actividades de Construccion y Servicios SA, expiring 02/19/24*
(Cost $1,239)		2,489		1,140
TOTAL INVESTMENTS - 99.0%
(Cost $8,469,443)				9,223,019
Other Assets in Excess of Liabilities - 1.0%				96,317
Net Assets - 100.0%			$	9,319,336

*	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, 2024, the aggregate value of these securities was $29,466, or 0.3% of net assets.
(2)	Amount rounds to less than 0.05%.

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

January 31, 2024 (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, 2024.

	Level 1		Level 2		Level 3		Total
Asset Valuation Inputs
Common Stocks	$	9,125,415	$	156	$	—	$	9,125,571
Preferred Stocks		96,308		—		—		96,308
Right		1,140		—		—		1,140
Total	$	9,222,863	$	156	$	—	$	9,223,019

Sector Breakdown
As of January 31, 2024 (based on net assets)
Financials	26.4	%
Consumer Staples	10.0	%
Energy	9.6	%
Industrials	9.6	%
Communication Services	8.8	%
Materials	8.1	%
Utilities	7.8	%
Health Care	7.4	%
Consumer Discretionary	6.4	%
Information Technology	3.2	%
Real Estate	1.7	%
Other Assets in Excess of Liabilities	1.0	%
Total	100.0	%