Schedule of Investments - Virtus KAR Mid-Cap ETF

April 30, 2026 (unaudited)

 

Security Description  Shares   Value 

 

COMMON STOCKS - 94.7%

          
           

Consumer Discretionary - 4.5%

          
Ross Stores, Inc.   8,770   $1,997,718 
Financials - 14.8%          
Brown & Brown, Inc.   10,424    627,004 
Houlihan Lokey, Inc.   10,085    1,560,654 
Jack Henry & Associates, Inc.   9,694    1,490,452 
LPL Financial Holdings, Inc.   3,870    1,293,083 
MSCI, Inc.   2,616    1,547,129 
Total Financials        6,518,322 
Health Care - 10.2%          
Align Technology, Inc.*   8,765    1,542,728 
Cooper Cos., Inc. (The)*   17,664    1,111,066 
West Pharmaceutical Services, Inc.   6,201    1,845,355 
Total Health Care        4,499,149 
Industrials - 52.5%          
Advanced Drainage Systems, Inc.   5,742    856,993 
Allegion PLC   8,829    1,213,811 
AMETEK, Inc.   11,086    2,610,753 
Broadridge Financial Solutions, Inc.   5,658    871,219 
CH Robinson Worldwide, Inc.   8,601    1,563,748 
EMCOR Group, Inc.   1,985    1,769,965 
Equifax, Inc.   5,772    1,003,982 
HEICO Corp. Class A   6,848    1,431,369 
Lennox International, Inc.   2,829    1,513,204 
Nordson Corp.   4,050    1,168,222 
Old Dominion Freight Line, Inc.   10,504    2,231,365 
Pentair PLC   15,318    1,236,316 
Rollins, Inc.   30,084    1,676,581 
Verisk Analytics, Inc.   9,477    1,748,412 
Westinghouse Air Brake Technologies Corp.   8,004    2,160,199 
Total Industrials        23,056,139 
Information Technology - 12.7%          
Monolithic Power Systems, Inc.   1,932    3,119,040 
Teledyne Technologies, Inc.*   3,795    2,451,001 
Total Information Technology        5,570,041 
           
TOTAL INVESTMENTS - 94.7%          
(Cost $39,729,027)        41,641,369 
Other Assets in Excess of Liabilities - 5.3%        2,320,075 
Net Assets - 100.0%       $43,961,444 

 

* Non-income producing security.

 

 

Schedule of Investments -Virtus KAR Mid-Cap ETF (continued)

April 30, 2026 (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 April 30, 2026.

                 
   Level 1   Level 2   Level 3   Total 
Asset Valuation Inputs                    
Common Stocks  $41,641,369   $—   $—   $41,641,369 
Total  $41,641,369   $—   $—   $41,641,369