Schedule of Investments - Virtus Duff & Phelps Clean Energy ETF
April 30, 2026 (unaudited)
| Security Description | Shares | Value | ||||||
| COMMON STOCKS - 96.0% | ||||||||
| Energy - 1.0% | ||||||||
| Cameco Corp. (Canada) | 523 | $ | 64,350 | |||||
| Industrials - 42.6% | ||||||||
| ABB Ltd. (Switzerland) | 1,084 | 108,823 | ||||||
| Array Technologies, Inc.* | 4,388 | 33,963 | ||||||
| Balfour Beatty PLC (United Kingdom) | 10,031 | 111,381 | ||||||
| Bloom Energy Corp. Class A* | 2,023 | 573,237 | ||||||
| Ceres Power Holdings PLC (United Kingdom)* | 21,296 | 179,377 | ||||||
| GE Vernova, Inc. | 76 | 82,343 | ||||||
| Hubbell, Inc. | 148 | 75,209 | ||||||
| Maire SpA (Italy) | 8,910 | 164,179 | ||||||
| Nextpower, Inc. Class A* | 3,645 | 434,229 | ||||||
| Plug Power, Inc.* | 65,697 | 205,632 | ||||||
| Prysmian SpA (Italy) | 1,148 | 172,394 | ||||||
| SPIE SA (France) | 1,992 | 115,259 | ||||||
| Strabag SE (Austria) | 741 | 78,184 | ||||||
| Sungrow Power Supply Co., Ltd. Class A (China) | 4,920 | 98,931 | ||||||
| Vestas Wind Systems A/S (Denmark) | 7,246 | 222,086 | ||||||
| Volex PLC (United Kingdom) | 7,857 | 63,828 | ||||||
| Total Industrials | 2,719,055 | |||||||
| Information Technology - 14.2% | ||||||||
| Enphase Energy, Inc.* | 5,870 | 193,475 | ||||||
| First Solar, Inc.* | 1,979 | 399,540 | ||||||
| Infineon Technologies AG (Germany) | 1,753 | 117,540 | ||||||
| SolarEdge Technologies, Inc.* | 2,165 | 92,792 | ||||||
| Xinyi Solar Holdings Ltd. (China) | 277,461 | 101,314 | ||||||
| Total Information Technology | 904,661 | |||||||
| Utilities - 38.2% | ||||||||
| Axia Energia SA (Brazil) | 11,400 | 142,851 | ||||||
| China Longyuan Power Group Corp. Ltd. Class H (China) | 81,000 | 68,874 | ||||||
| China Yangtze Power Co., Ltd. Class A (China) | 85,600 | 342,217 | ||||||
| Chubu Electric Power Co., Inc. (Japan) | 3,200 | 54,994 | ||||||
| Clearway Energy, Inc. Class C | 6,263 | 252,775 | ||||||
| Constellation Energy Corp. | 343 | 107,359 | ||||||
| EDP Renovaveis SA (Spain)* | 4,555 | 75,806 | ||||||
| EDP SA (Portugal) | 33,901 | 184,736 | ||||||
| Energisa SA (Brazil) | 8,400 | 89,601 | ||||||
| Fortum OYJ (Finland) | 5,882 | 148,010 | ||||||
| Guangdong Investment Ltd. (China) | 68,000 | 71,017 | ||||||
| Iberdrola SA (Spain) | 9,618 | 225,200 | ||||||
| NextEra Energy, Inc. | 1,326 | 129,789 | ||||||
| Ormat Technologies, Inc. | 969 | 111,338 | ||||||
| Orsted AS (Denmark)*(1) | 5,604 | 149,932 | ||||||
| Pennon Group PLC (United Kingdom) | 12,826 | 95,904 | ||||||
| Solaria Energia y Medio Ambiente SA (Spain)* | 3,938 | 112,357 | ||||||
| Southern Co. (The) | 801 | 77,457 | ||||||
| Total Utilities | 2,440,217 | |||||||
| Total Common Stocks | ||||||||
| (Cost $4,313,914) | 6,128,283 | |||||||
| PREFERRED STOCK - 0.6% | ||||||||
| Utilities - 0.6% | ||||||||
| Axia Energia SA, 0.00% (Brazil)* | ||||||||
| (Cost $26,288) | 3,022 | 36,587 | ||||||
| Security Description | Shares | Value | ||||||
| TOTAL INVESTMENTS - 96.6% | ||||||||
| (Cost $4,340,202) | 6,164,870 | |||||||
| Other Assets in Excess of Liabilities - 3.4% | 215,670 | |||||||
| Net Assets - 100.0% | $ | 6,380,540 | ||||||
| * | 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 April 30, 2026, the aggregate value of these securities was $149,932, or 2.3% of net assets. |
Schedule of Investments - Virtus Duff & Phelps Clean Energy 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 | $ | 6,128,283 | $ | — | $ | — | $ | 6,128,283 | ||||||||
| Preferred Stock | 36,587 | — | — | 36,587 | ||||||||||||
| Total | $ | 6,164,870 | $ | — | $ | — | $ | 6,164,870 | ||||||||