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        <curCd>USD</curCd>
        <valUSD>-5631.87000000</valUSD>
        <pctVal>-0.06587238110</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>BOARD OF TRADE OF THE CITY OF CHICAGO, INC.</counterpartyName>
              <counterpartyLei>549300EX04Q2QBFQTQ27</counterpartyLei>
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            <payOffProf>Long</payOffProf>
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                <issuerName>SOYBEAN</issuerName>
                <issueTitle>SOYBEAN</issueTitle>
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                  <cusip value="000000000"/>
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            <expDate>2026-11-13</expDate>
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            <unrealizedAppr>-5631.87000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NEW YORK MERCANTILE EXCHANGE</name>
        <lei>5493008GFNDTXFPHWI47</lei>
        <title>Crude Oil Futures, Sep-2026,ETH</title>
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          <ticker value="CL U26"/>
          <other otherDesc="FIGI" value="BBG00JSLLVS9"/>
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        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>33801.93000000</valUSD>
        <pctVal>0.395359554638</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
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              <counterpartyName>NEW YORK MERCANTILE EXCHANGE</counterpartyName>
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            <payOffProf>Long</payOffProf>
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                <issuerName>WTI CRUDE OIL</issuerName>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CHICAGO MERCANTILE EXCHANGE</name>
        <lei>SNZ2OJLFK8MNNCLQOF39</lei>
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          <ticker value="LE V26"/>
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        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-12310.74000000</valUSD>
        <pctVal>-0.14399085151</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>CHICAGO MERCANTILE EXCHANGE</counterpartyName>
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            <payOffProf>Long</payOffProf>
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                <issuerName>LIVE CATTLE</issuerName>
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                  <other otherDesc="INTERNAL" value="LIVECATTLE"/>
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            <unrealizedAppr>-12310.74000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CME Group Inc.</name>
        <lei>KJNXBSWZVIKEX4NFOL81</lei>
        <title>Copper Futures</title>
        <cusip>000000000</cusip>
        <identifiers>
          <ticker value="HG U26"/>
          <other otherDesc="FIGI" value="BBG011K4Z3S0"/>
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        <balance>2.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>8282.23000000</valUSD>
        <pctVal>0.096871946785</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>CME Group Inc.</counterpartyName>
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            <payOffProf>Long</payOffProf>
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                <issuerName>COPPER</issuerName>
                <issueTitle>COPPER</issueTitle>
                <identifiers>
                  <cusip value="000000000"/>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ICE FUTURES EUROPE</name>
        <lei>549300UF4R84F48NCH34</lei>
        <title>Brent Crude Futures - North Sea, Oct26</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="GB00H7Q1BB78"/>
          <ticker value="BRN 26V-ICE"/>
          <other otherDesc="FIGI" value="BBG00LWHZGY9"/>
        </identifiers>
        <balance>6.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>59587.40000000</valUSD>
        <pctVal>0.696955704188</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>ICE FUTURES EUROPE</counterpartyName>
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            <payOffProf>Long</payOffProf>
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              <otherRefInst>
                <issuerName>BRENT CRUDE OIL</issuerName>
                <issueTitle>BRENT CRUDE OIL</issueTitle>
                <identifiers>
                  <cusip value="000000000"/>
                  <other otherDesc="INTERNAL" value="BRENTCRUDEOIL"/>
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              </otherRefInst>
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            <unrealizedAppr>59587.40000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>CME Group Inc.</name>
        <lei>KJNXBSWZVIKEX4NFOL81</lei>
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        <identifiers>
          <ticker value="GC Z26"/>
          <other otherDesc="FIGI" value="BBG00YMWRPM1"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-8650.00000000</valUSD>
        <pctVal>-0.10117351724</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        
        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>CME Group Inc.</counterpartyName>
              <counterpartyLei>KJNXBSWZVIKEX4NFOL81</counterpartyLei>
            </counterparties>
            <payOffProf>Long</payOffProf>
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                <issuerName>GOLD</issuerName>
                <issueTitle>GOLD</issueTitle>
                <identifiers>
                  <cusip value="000000000"/>
                  <other otherDesc="INTERNAL" value="GOLD1"/>
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            <expDate>2026-12-29</expDate>
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            <curCd>USD</curCd>
            <unrealizedAppr>-8650.00000000</unrealizedAppr>
          </futrDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2026-09-29</ncom:dateSigned>
      <ncom:nameOfApplicant>Virtus ETF Trust II</ncom:nameOfApplicant>
      <ncom:signature>Brinton W. Frith</ncom:signature>
      <ncom:signerName>W. Patrick Bradley</ncom:signerName>
      <ncom:title>Treasurer and Principal Financial Officer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
