ETFIS Series Trust I NPORTP Virtus Private Credit Strategy ETF (Jul 2024 report)

Schedule of Investments - Virtus Private Credit Strategy ETF

July 31, 2024 (unaudited)

Security Description	Shares		Value
COMMON STOCKS - 59.4%
Financials - 59.4%
Ares Capital Corp.⁽¹⁾		33,647	$	704,568
Bain Capital Specialty Finance, Inc.		49,202		824,625
Barings BDC, Inc.		83,351		836,844
BlackRock TCP Capital Corp.		91,522		967,387
Blackstone Secured Lending Fund⁽¹⁾		19,280		591,125
Capital Southwest Corp.		27,080		695,144
Carlyle Secured Lending, Inc.		38,947		687,804
CION Investment Corp.		55,885		685,150
Crescent Capital BDC, Inc.		45,236		856,770
Fidus Investment Corp.		41,908		820,140
FS KKR Capital Corp.		52,546		1,064,056
Gladstone Capital Corp.⁽¹⁾		30,516		729,332
Gladstone Investment Corp.⁽¹⁾		56,173		787,545
Goldman Sachs BDC, Inc.		64,821		971,667
Golub Capital BDC, Inc.		45,472		694,812
Hercules Capital, Inc.⁽¹⁾		33,062		712,817
Horizon Technology Finance Corp.⁽¹⁾		79,031		919,921
Main Street Capital Corp.⁽¹⁾		11,005		563,236
MidCap Financial Investment Corp.		48,859		693,798
Monroe Capital Corp.		60,603		469,673
New Mountain Finance Corp.		69,214		858,254
Oaktree Specialty Lending Corp.		48,936		882,316
OFS Capital Corp.		46,236		399,017
Oxford Square Capital Corp.		145,134		438,305
PennantPark Floating Rate Capital Ltd.		78,370		876,960
PennantPark Investment Corp.⁽¹⁾		110,476		805,370
Portman Ridge Finance Corp.		23,142		459,600
Prospect Capital Corp.⁽¹⁾		187,388		1,019,391
Runway Growth Finance Corp.		77,020		911,917
Saratoga Investment Corp.⁽¹⁾		38,001		888,463
Sixth Street Specialty Lending, Inc.		32,355		675,249
SLR Investment Corp.		52,862		827,819
Stellus Capital Investment Corp.⁽¹⁾		60,534		849,292
TriplePoint Venture Growth BDC Corp.		143,493		1,267,043
WhiteHorse Finance, Inc.		69,351		826,664
Total Financials				27,262,074
Total Common Stocks
(Cost $28,197,545)				27,262,074
CLOSED-END FUNDS⁽²⁾ - 38.4%
Ares Dynamic Credit Allocation Fund, Inc.		53,327		813,237
BlackRock 2037 Municipal Target Term Trust⁽¹⁾		7,237		179,622
BlackRock Debt Strategies Fund, Inc.		63,139		694,529
BlackRock Floating Rate Income Strategies Fund, Inc.⁽¹⁾		52,113		706,652
BlackRock Floating Rate Income Trust		49,901		657,695
BlackRock Income Trust, Inc.		67,791		822,983
BlackRock Innovation and Growth Term Trust		130,825		964,180
BlackRock Limited Duration Income Trust		53,446		754,658
Blackstone Senior Floating Rate Term Fund		46,730		667,772
Blackstone Strategic Credit Term Fund		56,762		683,982
BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund, Inc.⁽¹⁾		61,020		543,688
Eaton Vance Floating-Rate Income Trust		49,304		663,632
Eaton Vance Senior Floating-Rate Trust⁽¹⁾		52,702		693,031
Eaton Vance Senior Income Trust⁽¹⁾		111,559		703,937
First Trust Senior Floating Rate Income Fund II		77,270		802,063
Invesco Dynamic Credit Opportunity Fund		2,107		23,135
Invesco Quality Municipal Income Trust⁽¹⁾		47,603		479,838

Security Description	Shares		Value
CLOSED-END FUNDS⁽²⁾ (continued)
Invesco Senior Income Trust⁽¹⁾		205,837	$	880,982
KKR Income Opportunities Fund⁽¹⁾		61,563		885,276
Nuveen Credit Strategies Income Fund		150,705		863,540
Nuveen Floating Rate Income Fund		94,520		833,666
Oxford Lane Capital Corp.⁽¹⁾		250,050		1,385,277
Pioneer Floating Rate Fund, Inc.		81,547		810,235
XAI Octagon Floating Rate Alternative Income Trust		155,451		1,097,484
Total Closed-End Funds
(Cost $17,613,719)				17,611,094
SECURITIES LENDING COLLATERAL - 9.8%
Money Market Fund - 9.8%
Dreyfus Government Cash Management Fund, Institutional Shares, 5.21%⁽³⁾⁽⁴⁾
(Cost $4,494,523)		4,494,523		4,494,523

TOTAL INVESTMENTS - 107.6%
(Cost $50,305,787)				49,367,691
Liabilities in Excess of Other Assets - (7.6)%				(3,482,438	)
Net Assets - 100.0%			$	45,885,253

(1)	All or a portion of the security was on loan. The aggregate market value of securities on loan was $5,776,137; total market value of collateral held by the Fund was $5,961,599. Market value of the collateral held includes non-cash U.S. Treasury securities having a value of $1,467,076.
(2)	Shares of each fund are publicly offered, and each prospectus and annual report are publicly available.
(3)	Represents securities purchased with cash collateral received for securities on loan.
(4)	The rate shown reflects the seven-day yield as of July 31, 2024.

Schedule of Investments - Virtus Private Credit Strategy ETF (continued)

July 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 July 31, 2024.

	Level 1		Level 2		Level 3		Total
Asset Valuation Inputs
Common Stocks	$	27,262,074	$	—	$	—	$	27,262,074
Closed-End Funds		17,611,094		—		—		17,611,094
Money Market Fund		4,494,523		—		—		4,494,523
Total	$	49,367,691	$	—	$	—	$	49,367,691

ETFIS Series Trust I (PFFR) NPORT-PVirtus Private Credit Strategy ETF (Jul 2024 report)