# EDGAR Filing Document

**Accession Number:** 0001559109
**File Stem:** 0000940400-25-015035
**Filing Date:** 2025-12
**Character Count:** 62787
**Document Hash:** baf43db69f6648baafd7c0e3d74de814
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-25-015035.hdr.sgml**: 20251230

**ACCESSION NUMBER**: 0000940400-25-015035

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20251230

**DATE AS OF CHANGE**: 20251230

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ETFis Series Trust I
- **CENTRAL INDEX KEY:** 0001559109

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22819
- **FILM NUMBER:** 251611879

**BUSINESS ADDRESS:**
- **STREET 1:** 1301 AVENUE OF THE AMERICAS
- **STREET 2:** 16TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10019
- **BUSINESS PHONE:** 2125934383

**MAIL ADDRESS:**
- **STREET 1:** 1301 AVENUE OF THE AMERICAS
- **STREET 2:** 16TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10019

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ETF Actively Managed Trust
- **DATE OF NAME CHANGE:** 20120926

## Series and Classes Contracts Data

### Virtus InfraCap U.S. Preferred Stock ETF (Series ID: S000059080)

| Class ID   | Class Name                               | Ticker Symbol   |
|:---|:---|:---|
| C000193703 | Virtus InfraCap U.S. Preferred Stock ETF | PFFA            |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** ETFis Series Trust I

- **b. Investment Company Act file number:** 811-22819

- **c. CIK number of Registrant:** 0001559109

- **d. LEI of Registrant:** 5493002CWTVLBPSYFT98

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 1301 Avenue of the Americas

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10019

  - **Telephone number:** 1-888-383-0553

**Item A.2. Information about the Series.**

- **a. Name of Series:** Virtus InfraCap U.S. Preferred Stock ETF

- **b. EDGAR series identifier (if any):** S000059080

- **c. LEI of Series:** 549300MWBLUUH494LE10

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-10-31

- **b. Date as of which information is reported:** 2025-10-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $2332563326.62

**Total Liabilities:** $472953803.89

**Net Assets:** $1859609522.73

**Cash Not Reported:** $667315.44

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000193703 | 1.60%                | 1.38%                | -1.08%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $6777523.50              | $13680820.64                               |
| Month 2  | $5167693.87              | $1985310.04                                |
| Month 3  | $6993141.17              | $-23829245.78                              |

### Schedule of Portfolio Investments

| Name                           | Title                                 | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| TRINITY CAPITAL INC/MD         | Trinity Capital Inc                   | CUSIP: 896442605<br>LEI: 549300YGT4SBRQYDVU48 | Long             | EP               | CORP              | US        |     33361 | NS      | $850038.28    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| MERCHANTS BANCORP              | Merchants Bancorp/IN                  | CUSIP: 58844R702<br>LEI: 54930008Y0GPVLF81889 | Long             | EP               | CORP              | US        |    244000 | NS      | $4938560.00   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| FARMER MAC                     | Federal Agricultural Mortgage Corp    | CUSIP: 313148827<br>LEI: 549300MS654K78GYF580 | Long             | EP               | USGSE             | US        |    635769 | NS      | $15760713.51  | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| REGIONS FINANCIAL CORP         | Regions Financial Corp                | CUSIP: 7591EP860<br>LEI: CW05CS5KW59QTC0DG824 | Long             | EP               | CORP              | US        |    279832 | NS      | $7172094.16   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| ASPEN INSURANCE HLDG LTD       | Aspen Insurance Holdings Ltd          | CUSIP: 000000000<br>LEI: 549300YX6HECG9XQCQ75 | Long             | EP               | CORP              | BM        |    619664 | NS      | $15596942.88  | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| MFA FINANCIAL INC              | MFA Financial Inc                     | CUSIP: 55272X508<br>LEI: YW72IMH2RRC8Z1TGLG58 | Long             | EP               | CORP              | US        |   1230148 | NS      | $29216015.00  | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| PENNYMAC MTGE INVESTMENT       | PennyMac Mortgage Investment Trust    | CUSIP: 70931T707<br>LEI: 549300BSSOQO1ZWDUJ97 | Long             | EP               | CORP              | US        |         8 | NS      | $202.40       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| SYNCHRONY FINANCIAL            | Synchrony Financial                   | CUSIP: 87165B202<br>LEI: 549300RS7EWPM9MA6C78 | Long             | EP               | CORP              | US        |    714125 | NS      | $14318206.25  | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| PROSPECT CAPITAL CORP          | Prospect Capital Corp                 | CUSIP: 74348T565<br>LEI: 549300FSD8T39P5Q0O47 | Long             | EP               | CORP              | US        |   1101870 | NS      | $18180855.00  | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| ACRES COMMERCIAL REALTY        | ACRES Commercial Realty Corp          | CUSIP: 00489Q300<br>LEI: 549300RUJWPCMY4JFR46 | Long             | EP               | CORP              | US        |     56051 | NS      | $1238727.10   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| OXFORD LANE CAPITAL CORP       | Oxford Lane Capital Corp              | CUSIP: 691543805<br>LEI: 549300G3KO4JNQQD7Z72 | Long             | EP               | CORP              | US        |     24540 | NS      | $571045.80    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| PEBBLEBROOK HOTEL TRUST        | Pebblebrook Hotel Trust               | CUSIP: 70509V704<br>LEI: 5493004Q1NNH6JXCSI52 | Long             | EP               | CORP              | US        |    707645 | NS      | $13558478.20  | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| SUMMIT HOTEL PROPERTIES        | Summit Hotel Properties Inc           | CUSIP: 866082704<br>LEI: 254900OBQWJK6X20LS71 | Long             | EP               | CORP              | US        |    198994 | NS      | $4029628.50   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| AG MORTGAGE INVEST TR          | AG Mortgage Investment Trust Inc      | CUSIP: 001228303<br>LEI: 549300SNP0PBR2XTFR48 | Long             | EP               | CORP              | US        |    474046 | NS      | $10111401.18  | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| ATLANTICUS HOLDINGS CORP       | Atlanticus Holdings Corp              | CUSIP: 04914Y409<br>LEI: N/A                  | Long             | EP               | CORP              | US        |   1389293 | NS      | $35496436.15  | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |
| KEMPER CORP                    | Kemper Corp                           | CUSIP: 488401308<br>LEI: 549300FNI1JKTRY2PV09 | Long             | EP               | CORP              | US        |    162582 | NS      | $3846690.12   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| MIDLAND STATES BANCORP         | Midland States Bancorp Inc            | CUSIP: 597742303<br>LEI: 5493006RHXW9TTBWYC94 | Long             | EP               | CORP              | US        |     19040 | NS      | $450296.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| EAGLE PT INCOME CO INC         | Eagle Point Income Co Inc             | CUSIP: 269817409<br>LEI: 549300P8ZFJDPIJWXX37 | Long             | EP               | CORP              | US        |     40387 | NS      | $1018964.01   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| VALLEY NATIONAL BANCORP        | Valley National Bancorp               | CUSIP: 919794305<br>LEI: 549300ET52S1UBIB9762 | Long             | EP               | CORP              | US        |    128165 | NS      | $3236166.25   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| ENTERPRISE FINANCIAL SER       | Enterprise Financial Services Corp    | CUSIP: 293712303<br>LEI: 5493001XTU5DLD632129 | Long             | EP               | CORP              | US        |    384074 | NS      | $7777498.50   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| ELLINGTON FINANCIAL            | Ellington Financial Inc               | CUSIP: 28852N208<br>LEI: 60GS1D1R1YY5G1W7IT74 | Long             | EP               | CORP              | US        |    563486 | NS      | $14228021.50  | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| BRIGHTHOUSE FINANCIAL IN       | Brighthouse Financial Inc             | CUSIP: 10922N202<br>LEI: 5493003T8SZSHOGGAW52 | Long             | EP               | CORP              | US        |     40753 | NS      | $718067.86    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| HUDSON PACIFIC PROPERTIE       | Hudson Pacific Properties Inc         | CUSIP: 444097307<br>LEI: N/A                  | Long             | EP               | CORP              | US        |   1254395 | NS      | $18803381.05  | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| PENNYMAC MTGE INVESTMENT       | PennyMac Mortgage Investment Trust    | CUSIP: 70931T509<br>LEI: 549300BSSOQO1ZWDUJ97 | Long             | EP               | CORP              | US        |    185618 | NS      | $3502611.66   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| BRAEMAR HOTELS & RESORTS       | Braemar Hotels & Resorts Inc          | CUSIP: 10482B309<br>LEI: 549300JDUUEBN868C776 | Long             | EP               | CORP              | US        |    168120 | NS      | $3479243.40   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| ARMOUR RESIDENTIAL REIT        | ARMOUR Residential REIT Inc           | CUSIP: 042315606<br>LEI: 549300K0WA0EJUX74V72 | Long             | EP               | CORP              | US        |    197225 | NS      | $4256115.50   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| AGNC INVESTMENT CORP           | AGNC Investment Corp                  | CUSIP: 00123Q831<br>LEI: 5TRACI5HRMELWV32OF39 | Long             | EP               | CORP              | US        |    498038 | NS      | $12650165.20  | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| AG MORTGAGE INVEST TR          | AG Mortgage Investment Trust Inc      | CUSIP: 001228709<br>LEI: 549300SNP0PBR2XTFR48 | Long             | EP               | CORP              | US        |    199166 | NS      | $4985144.90   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| COMPASS DIVERSIF HOLDING       | Compass Diversified Holdings          | CUSIP: 20451Q401<br>LEI: 5299001SM1LBYANJRR58 | Long             | EP               | CORP              | US        |    927787 | NS      | $17247560.33  | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| DTE ENERGY CO                  | DTE Energy Co                         | CUSIP: 233331792<br>LEI: 549300IX8SD6XXD71I78 | Long             | EP               | CORP              | US        |   1133866 | NS      | $28505391.24  | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| DIGITALBRIDGE GROUP INC        | DigitalBridge Group Inc               | CUSIP: 25401T504<br>LEI: 549300XG87L902AGBO89 | Long             | EP               | CORP              | US        |    907956 | NS      | $19466576.64  | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| CITIZENS FINANCIAL GROUP       | Citizens Financial Group Inc          | CUSIP: 174610808<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | EP               | CORP              | US        |    291743 | NS      | $7401519.91   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| DIVERSIFIED HEALTHCARE T       | Diversified Healthcare Trust          | CUSIP: 25525P305<br>LEI: N/A                  | Long             | EP               | CORP              | US        |   1895652 | NS      | $33647823.00  | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| ARMADA HOFFLER PROPERTIE       | Armada Hoffler Properties Inc         | CUSIP: 04208T207<br>LEI: 549300WQRSIV6XZT9313 | Long             | EP               | CORP              | US        |     15967 | NS      | $341374.46    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| ARRAY DIGITAL INFRA INC        | Array Digital Infrastructure Inc      | CUSIP: 911684801<br>LEI: 549300B164AZXESI6E03 | Long             | EP               | CORP              | US        |    109359 | NS      | $1973929.95   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| TRITON INTERNATIONAL LTD       | Triton International Ltd              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | BM        |   1231349 | NS      | $30537455.20  | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| EPR PROPERTIES                 | EPR Properties                        | CUSIP: 26884U307<br>LEI: 549300YSSXFHMPOWZ492 | Long             | EP               | CORP              | US        |    226870 | NS      | $6837861.80   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| KEYCORP                        | KeyCorp                               | CUSIP: 493267702<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | EP               | CORP              | US        |      1316 | NS      | $32728.92     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| REDWOOD TRUST INC              | Redwood Trust Inc                     | CUSIP: 758075808<br>LEI: DRBV4N1ERQLEMIF11G78 | Long             | EP               | CORP              | US        |     18420 | NS      | $452211.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| CHIMERA INVESTMENT CORP        | Chimera Investment Corp               | CUSIP: 16934Q604<br>LEI: 2JBBQFJOL123LOUBE657 | Long             | EP               | CORP              | US        |    951261 | NS      | $22915877.49  | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| RITHM PROPERTY TRUST           | Rithm Property Trust Inc              | CUSIP: 38983D862<br>LEI: 5493004ID2QQWNGDYC18 | Long             | EP               | CORP              | US        |    223044 | NS      | $5509186.80   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| BABCOCK & WILCOX ENTERPR       | Babcock & Wilcox Enterprises Inc      | CUSIP: 05614LAB6<br>LEI: 5493006H661OZN2C0T54 | Long             | DBT              | CORP              | US        |  22605000 | PA      | $22544744.56  | 1.21%             | 2030-06-30      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| M&T BANK CORPORATION           | M&T Bank Corp                         | CUSIP: 55261F849<br>LEI: 549300WYXDDBYRASEG81 | Long             | EP               | CORP              | US        |    750000 | NS      | $18705000.00  | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| RITHM CAPITAL CORP             | Rithm Capital Corp                    | CUSIP: 64828T706<br>LEI: 549300WNTHGEO5LP2G31 | Long             | EP               | CORP              | US        |     32704 | NS      | $804845.44    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| TELEPHONE & DATA SYS           | Telephone and Data Systems Inc        | CUSIP: 879433787<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    666282 | NS      | $13418919.48  | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| F&G ANNUITIES & LIFE INC       | F&G Annuities & Life Inc              | CUSIP: 30190A609<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    388196 | NS      | $9359405.56   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| BABCOCK & WILCOX ENTERPR       | Babcock & Wilcox Enterprises Inc      | CUSIP: 05614L308<br>LEI: 5493006H661OZN2C0T54 | Long             | EP               | CORP              | US        |     14138 | NS      | $353308.62    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| SUNSTONE HOTEL INVESTORS       | Sunstone Hotel Investors Inc          | CUSIP: 867892887<br>LEI: 529900ZQ2V52V96ATF67 | Long             | EP               | CORP              | US        |    137847 | NS      | $2741776.83   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| TWO HARBORS INV CORP           | Two Harbors Investment Corp           | CUSIP: 90187B309<br>LEI: 549300ZUIBT6KH4HU823 | Long             | EP               | CORP              | US        |   1081599 | NS      | $24260265.57  | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| RAMACO RESOURCES INC           | Ramaco Resources Inc                  | CUSIP: 75134P808<br>LEI: 5493001BYUI4TCQOPF70 | Long             | EP               | CORP              | US        |    372957 | NS      | $9491755.65   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| INVESCO MORTGAGE CAPITAL       | INVESCO MORTGAGE CAPITAL              | CUSIP: 46131B506<br>LEI: PV3BDP2HFZL2FNXQBL39 | Long             | EP               | CORP              | US        |    731648 | NS      | $17983907.84  | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| RLJ LODGING TRUST              | RLJ Lodging Trust                     | CUSIP: 74965L200<br>LEI: N/A                  | Long             | EP               | CORP              | US        |   1631841 | NS      | $40796025.00  | 2.19%             |  |  |  | No            |                  1 | On Loan: No      |
| QWEST CORP                     | Qwest Corp                            | CUSIP: 74913G873<br>LEI: 549300R2L4N683OO1509 | Long             | EP               | CORP              | US        |   1558880 | NS      | $32019395.20  | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| PG&E CORP                      | PG&E Corp                             | CUSIP: 69331C306<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | EP               | CORP              | US        |      5719 | NS      | $235050.90    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ANNALY CAPITAL MGMT            | Annaly Capital Management Inc         | CUSIP: 035710821<br>LEI: 2DTL0G3FPRYUT58TI025 | Long             | EP               | CORP              | US        |    839761 | NS      | $21775002.73  | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| BROOKFIELD OAKTREE HLDGS       | Brookfield Oaktree Holdings LLC       | CUSIP: 674001300<br>LEI: 254900T1ODNFOK2L6090 | Long             | EP               | CORP              | US        |     11953 | NS      | $260575.40    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Algonquin Power & Utilities Co | Algonquin Power & Utilities Corp      | CUSIP: 015857105<br>LEI: 549300K5VIUTJXQL7X75 | Long             | EC               | CORP              | CA        |     24346 | NS      | $135850.68    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| PEARL DIVER CREDIT CO          | Pearl Diver Credit Company Inc        | CUSIP: 70476Q209<br>LEI: 213800HEGMDL5QM8DW11 | Long             | EP               | CORP              | US        |     47809 | NS      | $1217217.14   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| GLOBAL NET LEASE INC           | Global Net Lease Inc                  | CUSIP: 379378508<br>LEI: 549300NUYANCT5SU8Z65 | Long             | EP               | CORP              | US        |   1757255 | NS      | $42384990.60  | 2.28%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST BUSEY CORPORATION        | First Busey Corp                      | CUSIP: 319383600<br>LEI: 549300X4ZNLYSX7GUY60 | Long             | EP               | CORP              | US        |    595576 | NS      | $15276524.40  | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| FRANKLIN BSP REALTY TRST       | Franklin BSP Realty Trust Inc         | CUSIP: 35243J200<br>LEI: 549300LH3QNZK9Y1KC93 | Long             | EP               | CORP              | US        |    235643 | NS      | $5061611.64   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| MFA FINANCIAL INC              | MFA Financial Inc                     | CUSIP: 55272X409<br>LEI: YW72IMH2RRC8Z1TGLG58 | Long             | EP               | CORP              | US        |    620458 | NS      | $13197141.66  | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| BRAEMAR HOTELS & RESORTS       | Braemar Hotels & Resorts Inc          | CUSIP: 10482B200<br>LEI: 549300JDUUEBN868C776 | Long             | EP               | CORP              | US        |    496449 | NS      | $7635385.62   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| NAVIENT CORP                   | Navient Corp                          | CUSIP: 63938C405<br>LEI: 54930067J0ZNOEBRW338 | Long             | EP               | CORP              | US        |    367242 | NS      | $6966580.74   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| VORNADO REALTY TRUST           | Vornado Realty Trust                  | CUSIP: 929042844<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    717505 | NS      | $12800289.20  | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| ACRES COMMERCIAL REALTY        | ACRES Commercial Realty Corp          | CUSIP: 00489Q201<br>LEI: 549300RUJWPCMY4JFR46 | Long             | EP               | CORP              | US        |    103384 | NS      | $2594938.40   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| COREBRIDGE FINANCIAL INC       | Corebridge Financial Inc              | CUSIP: 21871X208<br>LEI: 549300XY1661QCIA7J65 | Long             | EP               | CORP              | US        |    956706 | NS      | $23726308.80  | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| NEWTEKONE INC                  | NewtekOne Inc                         | CUSIP: 652526872<br>LEI: 549300YLU78IA8GKJ688 | Long             | EP               | CORP              | US        |    562054 | NS      | $13961421.36  | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| COMERICA INC                   | Comerica Inc                          | CUSIP: 200340701<br>LEI: I9Q57JVPWHHZ3ZGBW498 | Long             | EP               | CORP              | US        |    481658 | NS      | $12359344.28  | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| PEBBLEBROOK HOTEL TRUST        | Pebblebrook Hotel Trust               | CUSIP: 70509V803<br>LEI: 5493004Q1NNH6JXCSI52 | Long             | EP               | CORP              | US        |    241171 | NS      | $4700422.79   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| KKR & CO INC                   | KKR & Co Inc                          | CUSIP: 48251W500<br>LEI: 54930013V5I303TF9571 | Long             | EP               | CORP              | US        |    791376 | NS      | $38793251.52  | 2.09%             |  |  |  | No            |                  1 | On Loan: No      |
| AG MORTGAGE INVEST TR          | AG Mortgage Investment Trust Inc      | CUSIP: 001228402<br>LEI: 549300SNP0PBR2XTFR48 | Long             | EP               | CORP              | US        |    518173 | NS      | $13073297.52  | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN NATIONAL GROUP        | American National Group Inc           | CUSIP: 025676859<br>LEI: 549300RK5RZQ740FPL83 | Long             | EP               | CORP              | US        |    581305 | NS      | $14794212.25  | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| CITY OFFICE REIT               | City Office REIT Inc                  | CUSIP: 178587200<br>LEI: 5493003J7157VP25NL57 | Long             | EP               | CORP              | CA        |    293729 | NS      | $7328538.55   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| BRIGHTHOUSE FINANCIAL IN       | Brighthouse Financial Inc             | CUSIP: 10922N707<br>LEI: 5493003T8SZSHOGGAW52 | Long             | EP               | CORP              | US        |    732355 | NS      | $9337526.25   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| LIBERTY BROADBAND CORP         | Liberty Broadband Corp                | CUSIP: 530307503<br>LEI: 549300MIX43II8JLN536 | Long             | EP               | CORP              | US        |    142809 | NS      | $3470258.70   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| VALLEY NATIONAL BANCORP        | Valley National Bancorp               | CUSIP: 919794206<br>LEI: 549300ET52S1UBIB9762 | Long             | EP               | CORP              | US        |   1168278 | NS      | $29639212.86  | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| QWEST CORP                     | Qwest Corp                            | CUSIP: 74913G881<br>LEI: 549300R2L4N683OO1509 | Long             | EP               | CORP              | US        |   1808513 | NS      | $35718131.75  | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| ARRAY DIGITAL INFRA INC        | Array Digital Infrastructure Inc      | CUSIP: 911684884<br>LEI: 549300B164AZXESI6E03 | Long             | EP               | CORP              | US        |    121086 | NS      | $2215873.80   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| FTAI AVIATION LTD              | FTAI Aviation Ltd                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     17728 | NS      | $453836.80    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| FORD MOTOR COMPANY             | Ford Motor Co                         | CUSIP: 345370837<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | EP               | CORP              | US        |    217674 | NS      | $4801888.44   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| BRIGHTHOUSE FINANCIAL IN       | Brighthouse Financial Inc             | CUSIP: 10922N301<br>LEI: 5493003T8SZSHOGGAW52 | Long             | EP               | CORP              | US        |    373599 | NS      | $5723536.68   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| TRANSCANADA PIPELINES          | TransCanada PipeLines Ltd             | CUSIP: 893526681<br>LEI: 5BV01I6231JPDAPMGH09 | Long             | EP               | CORP              | CA        |    713065 | NS      | $17648358.75  | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| CTO REALTY GROWTH INC          | CTO Realty Growth Inc                 | CUSIP: 22948Q200<br>LEI: 254900ZQ99OFO1WXS678 | Long             | EP               | CORP              | US        |    332480 | NS      | $6968780.80   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| NATL HEALTHCARE PROP INC       | National Healthcare Properties Inc    | CUSIP: 42226B303<br>LEI: 549300Z2NSUGF5NF2Y30 | Long             | EP               | CORP              | US        |    545064 | NS      | $9560422.56   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| LXP INDUSTRIAL TRUST           | LXP Industrial Trust                  | CUSIP: 529043309<br>LEI: 549300S4MH2ICXDBFV43 | Long             | EP               | CORP              | US        |     49073 | NS      | $2319680.71   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| PEBBLEBROOK HOTEL TRUST        | Pebblebrook Hotel Trust               | CUSIP: 70509V886<br>LEI: 5493004Q1NNH6JXCSI52 | Long             | EP               | CORP              | US        |    150036 | NS      | $2633131.80   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| ANGEL OAK MORTGAGE REIT        | Angel Oak Mortgage REIT Inc           | CUSIP: 03464Y207<br>LEI: 5493008M8D7W7VZZ7V36 | Long             | EP               | CORP              | US        |     36449 | NS      | $912172.67    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| COMPASS DIVERSIF HOLDING       | Compass Diversified Holdings          | CUSIP: 20451Q302<br>LEI: 5299001SM1LBYANJRR58 | Long             | EP               | CORP              | US        |   1078278 | NS      | $19948143.00  | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| XCEL ENERGY INC                | Xcel Energy Inc                       | CUSIP: 98389B878<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | EP               | CORP              | US        |   1514880 | NS      | $37872000.00  | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| DIGITALBRIDGE GROUP INC        | DigitalBridge Group Inc               | CUSIP: 25401T405<br>LEI: 549300XG87L902AGBO89 | Long             | EP               | CORP              | US        |    959300 | NS      | $20529020.00  | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| DIVERSIFIED HEALTHCARE T       | Diversified Healthcare Trust          | CUSIP: 25525P206<br>LEI: N/A                  | Long             | EP               | CORP              | US        |   2212461 | NS      | $37611837.00  | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| MEDALLION BANK UTAH            | Medallion Bank/Salt Lake City UT      | CUSIP: 58404D309<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    358226 | NS      | $8995054.86   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| REGENCY CENTERS CORP           | Regency Centers Corp                  | CUSIP: 758849871<br>LEI: 529900053A7X7FJ97S58 | Long             | EP               | CORP              | US        |    191698 | NS      | $4508736.96   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| WESTERN ALLIANCE BANCORP       | Western Alliance Bancorp              | CUSIP: 957638406<br>LEI: 5493003VJXZ5JXT9S762 | Long             | EP               | CORP              | US        |    690825 | NS      | $14624765.25  | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| CHIMERA INVESTMENT CORP        | CHIMERA INVESTMENT CORP               | CUSIP: 16934Q307<br>LEI: 2JBBQFJOL123LOUBE657 | Long             | EP               | CORP              | US        |    378893 | NS      | $8437947.11   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| FLAGSTAR BANK NA               | Flagstar Bank NA                      | CUSIP: 649445202<br>LEI: SS1TRMSN6BRNMOREEV51 | Long             | EP               | CORP              | US        |   2076575 | NS      | $45123974.75  | 2.43%             |  |  |  | No            |                  1 | On Loan: No      |
| ABACUS GLOBAL MGMT INC         | Abacus Global Management Inc          | CUSIP: 00258Y203<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     97071 | NS      | $2453954.88   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| SLM CORP                       | SLM Corp                              | CUSIP: 78442P502<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    360627 | NS      | $27223732.23  | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| BRIGHTHOUSE FINANCIAL IN       | Brighthouse Financial Inc             | CUSIP: 10922N889<br>LEI: 5493003T8SZSHOGGAW52 | Long             | EP               | CORP              | US        |    497276 | NS      | $5768401.60   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| ADAMAS TRUST INC               | Adamas Trust Inc                      | CUSIP: 649604824<br>LEI: 549300JFGR0M7ULHWG48 | Long             | EP               | CORP              | US        |    243488 | NS      | $6064068.64   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| ATLANTICUS HOLDINGS CORP       | Atlanticus Holdings Corp              | CUSIP: 04914Y201<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     58916 | NS      | $1415751.48   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| SCE TRUST IV                   | SCE Trust IV                          | CUSIP: 78409G206<br>LEI: N/A                  | Long             | EP               | CORP              | US        |   2790925 | NS      | $66284468.75  | 3.56%             |  |  |  | No            |                  1 | On Loan: No      |
| READY CAPITAL CORP             | Ready Capital Corp                    | CUSIP: 75574U887<br>LEI: 549300MYWGZUG7ZUYO87 | Long             | EP               | CORP              | US        |      8972 | NS      | $133054.76    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| PENNYMAC MTGE INVESTMENT       | PENNYMAC MTGE INVESTMENT              | CUSIP: 70931T400<br>LEI: 549300BSSOQO1ZWDUJ97 | Long             | EP               | CORP              | US        |   1051287 | NS      | $25409606.79  | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| VORNADO REALTY TRUST           | Vornado Realty Trust                  | CUSIP: 929042794<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    911401 | NS      | $13470506.78  | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| BANC OF CALIFORNIA INC         | Banc of California Inc                | CUSIP: 05990K841<br>LEI: 549300ZKWUJDP6LJ1X87 | Long             | EP               | CORP              | US        |   1932167 | NS      | $48130279.97  | 2.59%             |  |  |  | No            |                  1 | On Loan: No      |
| COMPASS DIVERSIF HOLDING       | Compass Diversified Holdings          | CUSIP: 20451Q203<br>LEI: 5299001SM1LBYANJRR58 | Long             | EP               | CORP              | US        |    950796 | NS      | $15830753.40  | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| DIGITALBRIDGE GROUP INC        | DigitalBridge Group Inc               | CUSIP: 25401T306<br>LEI: 549300XG87L902AGBO89 | Long             | EP               | CORP              | US        |    134482 | NS      | $2829501.28   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| VORNADO REALTY TRUST           | Vornado Realty Trust                  | CUSIP: 929042828<br>LEI: N/A                  | Long             | EP               | CORP              | US        |   1251156 | NS      | $22333134.60  | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| BROOKFIELD INFRA FIN ULC       | Brookfield Infrastructure Finance ULC | CUSIP: 11276B208<br>LEI: 984500CDDWC47U7DBA74 | Long             | EP               | CORP              | CA        |    120986 | NS      | $3045217.62   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| OXFORD LANE CAPITAL CORP       | Oxford Lane Capital Corp              | CUSIP: 691543854<br>LEI: 549300G3KO4JNQQD7Z72 | Long             | EP               | CORP              | US        |    126034 | NS      | $3182358.50   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| EPR PROPERTIES                 | EPR Properties                        | CUSIP: 26884U505<br>LEI: 549300YSSXFHMPOWZ492 | Long             | EP               | CORP              | US        |    645381 | NS      | $12810812.85  | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| KKR & CO INC                   | KKR & Co Inc                          | CUSIP: 48251W609<br>LEI: 54930013V5I303TF9571 | Long             | EP               | CORP              | US        |     74975 | NS      | $1920859.50   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| CHIMERA INVESTMENT CORP        | CHIMERA INVESTMENT CORP               | CUSIP: 16934Q406<br>LEI: 2JBBQFJOL123LOUBE657 | Long             | EP               | CORP              | US        |    747702 | NS      | $17952325.02  | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| CHIMERA INVESTMENT CORP        | Chimera Investment Corp               | CUSIP: 16934Q885<br>LEI: 2JBBQFJOL123LOUBE657 | Long             | EP               | CORP              | US        |     61671 | NS      | $1550704.96   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| SUNSTONE HOTEL INVESTORS       | Sunstone Hotel Investors Inc          | CUSIP: 867892804<br>LEI: 529900ZQ2V52V96ATF67 | Long             | EP               | CORP              | US        |     10090 | NS      | $211284.60    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| RITHM CAPITAL CORP             | Rithm Capital Corp                    | CUSIP: 64828T508<br>LEI: 549300WNTHGEO5LP2G31 | Long             | EP               | CORP              | US        |    305811 | NS      | $7489311.39   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| BABCOCK & WILCOX ENTERPR       | Babcock & Wilcox Enterprises Inc      | CUSIP: 05614L506<br>LEI: 5493006H661OZN2C0T54 | Long             | EP               | CORP              | US        |     94199 | NS      | $2195778.69   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| TRINITY CAPITAL INC/MD         | Trinity Capital Inc                   | CUSIP: 896442704<br>LEI: 549300YGT4SBRQYDVU48 | Long             | EP               | CORP              | US        |    453389 | NS      | $11520614.49  | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| DIAMONDROCK HOSPITALITY        | DiamondRock Hospitality Co            | CUSIP: 252784400<br>LEI: 529900KKD4BPVBUAQ734 | Long             | EP               | CORP              | US        |      3451 | NS      | $87655.40     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ADAMAS TRUST INC               | Adamas Trust Inc                      | CUSIP: 649604873<br>LEI: 549300JFGR0M7ULHWG48 | Long             | EP               | CORP              | US        |   1037617 | NS      | $26096067.55  | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| TWO HARBORS INV CORP           | Two Harbors Investment Corp           | CUSIP: 90187B507<br>LEI: 549300ZUIBT6KH4HU823 | Long             | EP               | CORP              | US        |   1542684 | NS      | $36345635.04  | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| RIVERNORTH OPP FUND INC        | RiverNorth Opportunities Fund Inc     | CUSIP: 76881Y208<br>LEI: 5493001RICR0OU8TM159 | Long             | EP               | CORP              | US        |    138631 | NS      | $3256442.19   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| WESBANCO INC                   | WesBanco Inc                          | CUSIP: 950810887<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    675442 | NS      | $17237279.84  | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| TPG RE FINANCE TRUST INC       | TPG RE Finance Trust Inc              | CUSIP: 87266M206<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     36145 | NS      | $632898.95    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| CHART INDUSTRIES INC           | Chart Industries Inc                  | CUSIP: 16115Q407<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | EP               | CORP              | US        |    172605 | NS      | $12241146.60  | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| SCE TRUST VI                   | SCE Trust VI                          | CUSIP: 78410V200<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    560820 | NS      | $9180623.40   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| PITNEY BOWES INC               | Pitney Bowes Inc                      | CUSIP: 724479506<br>LEI: 549300N2O26NW4ST6W55 | Long             | EP               | CORP              | US        |   1150133 | NS      | $21772017.69  | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| TRITON INTERNATIONAL LTD       | Triton International Ltd              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | BM        |    705808 | NS      | $13706791.36  | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| SUMMIT HOTEL PROPERTIES        | Summit Hotel Properties Inc           | CUSIP: 866082605<br>LEI: 254900OBQWJK6X20LS71 | Long             | EP               | CORP              | US        |    596162 | NS      | $11809969.22  | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| ADAMAS TRUST INC               | Adamas Trust Inc                      | CUSIP: 649604816<br>LEI: 549300JFGR0M7ULHWG48 | Long             | EP               | CORP              | US        |    273330 | NS      | $6898849.20   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| SCE TRUST V                    | SCE Trust V                           | CUSIP: 78409W201<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    596678 | NS      | $14266570.98  | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| REDWOOD TRUST INC              | Redwood Trust Inc                     | CUSIP: 758075873<br>LEI: DRBV4N1ERQLEMIF11G78 | Long             | EP               | CORP              | US        |    461001 | NS      | $11603395.17  | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| ARBOR REALTY TRUST INC         | Arbor Realty Trust Inc                | CUSIP: 038923876<br>LEI: 549300ASFUWYQO0RW077 | Long             | EP               | CORP              | US        |     39689 | NS      | $704479.75    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| CHIMERA INVESTMENT CORP        | Chimera Investment Corp               | CUSIP: 16934Q877<br>LEI: 2JBBQFJOL123LOUBE657 | Long             | EP               | CORP              | US        |      6615 | NS      | $166301.10    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ARRAY DIGITAL INFRA INC        | Array Digital Infrastructure Inc      | CUSIP: 911684702<br>LEI: 549300B164AZXESI6E03 | Long             | EP               | CORP              | US        |     50209 | NS      | $1077987.23   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| GLOBAL NET LEASE INC           | Global Net Lease Inc                  | CUSIP: 379378300<br>LEI: 549300NUYANCT5SU8Z65 | Long             | EP               | CORP              | US        |    954537 | NS      | $22002077.85  | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| BOEING CO/THE                  | Boeing Co/The                         | CUSIP: 097023204<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | EP               | CORP              | US        |    315391 | NS      | $20412105.52  | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| ARES MANAGEMENT CORP           | Ares Management Corp                  | CUSIP: 03990B309<br>LEI: 529900JUV61FH7B8VW38 | Long             | EP               | CORP              | US        |    216101 | NS      | $10219416.29  | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| CION INVESTMENT CORP           | CION Investment Corp                  | CUSIP: 17259U303<br>LEI: 549300XN70JLF94XKX80 | Long             | EP               | CORP              | US        |    826972 | NS      | $20806615.52  | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| SAUL CENTERS INC               | Saul Centers Inc                      | CUSIP: 804395879<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    967472 | NS      | $21061865.44  | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| GLADSTONE INVESTMENT COR       | Gladstone Investment Corp             | CUSIP: 376546867<br>LEI: 549300HFFTVIBC98Z362 | Long             | EP               | CORP              | US        |    118396 | NS      | $3016730.08   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| HP ENTERPRISE CO               | Hewlett Packard Enterprise Co         | CUSIP: 42824C208<br>LEI: 549300BX44RGX6ANDV88 | Long             | EP               | CORP              | US        |     59802 | NS      | $4041419.16   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| PEBBLEBROOK HOTEL TRUST        | Pebblebrook Hotel Trust               | CUSIP: 70509V605<br>LEI: 5493004Q1NNH6JXCSI52 | Long             | EP               | CORP              | US        |    113124 | NS      | $2188949.40   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| ADAMAS TRUST INC               | Adamas Trust Inc                      | CUSIP: 649604881<br>LEI: 549300JFGR0M7ULHWG48 | Long             | EP               | CORP              | US        |   1495027 | NS      | $32412185.36  | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| NEWTEKONE INC                  | NewtekOne Inc                         | CUSIP: 652526864<br>LEI: 549300YLU78IA8GKJ688 | Long             | EP               | CORP              | US        |    227209 | NS      | $5462104.36   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| ASPEN INSURANCE HLDG LTD       | Aspen Insurance Holdings Ltd          | CUSIP: 000000000<br>LEI: 549300YX6HECG9XQCQ75 | Long             | EP               | CORP              | BM        |     27661 | NS      | $584753.54    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| ALBEMARLE CORP                 | Albemarle Corp                        | CUSIP: 012653200<br>LEI: HDBLS2Q6GV1LSKQPBS54 | Long             | EP               | CORP              | US        |     12800 | NS      | $566144.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| OXFORD SQUARE CAPITAL CO       | Oxford Square Capital Corp            | CUSIP: 69181V602<br>LEI: 549300EGQH8WWU1U6Q06 | Long             | EP               | CORP              | US        |    283221 | NS      | $7106014.89   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| AG MORTGAGE INVEST TR          | AG Mortgage Investment Trust Inc      | CUSIP: 001228204<br>LEI: 549300SNP0PBR2XTFR48 | Long             | EP               | CORP              | US        |      1201 | NS      | $26745.79     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BRIGHTHOUSE FINANCIAL IN       | Brighthouse Financial Inc             | CUSIP: 10922N509<br>LEI: 5493003T8SZSHOGGAW52 | Long             | EP               | CORP              | US        |    332546 | NS      | $5207670.36   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| TRITON INTERNATIONAL LTD       | Triton International Ltd              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | BM        |    606003 | NS      | $13956249.09  | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| GLOBAL NET LEASE INC           | Global Net Lease Inc                  | CUSIP: 379378607<br>LEI: 549300NUYANCT5SU8Z65 | Long             | EP               | CORP              | US        |    527527 | NS      | $12370508.15  | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| VALLEY NATIONAL BANCORP        | Valley National Bancorp               | CUSIP: 919794404<br>LEI: 549300ET52S1UBIB9762 | Long             | EP               | CORP              | US        |    698835 | NS      | $17904152.70  | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| PENNYMAC MTGE INVESTMENT       | PENNYMAC MTGE INVESTMENT              | CUSIP: 70931T301<br>LEI: 549300BSSOQO1ZWDUJ97 | Long             | EP               | CORP              | US        |    333511 | NS      | $7994258.67   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| GLADSTONE LAND CORP            | Gladstone Land Corp                   | CUSIP: 376549309<br>LEI: 54930002B3Q17H38FG74 | Long             | EP               | CORP              | US        |         4 | NS      | $79.40        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| GASLOG PARTNERS LP             | GasLog Partners LP                    | CUSIP: 000000000<br>LEI: 5299004R0RSGEG82BS06 | Long             | EP               | CORP              | GR        |    590142 | NS      | $15107635.20  | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| EAGLE PT INCOME CO INC         | Eagle Point Income Co Inc             | CUSIP: 269817300<br>LEI: 549300P8ZFJDPIJWXX37 | Long             | EP               | CORP              | US        |     22810 | NS      | $572873.15    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| TRITON INTERNATIONAL LTD       | Triton International Ltd              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | BM        |   1340381 | NS      | $33643563.10  | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| EAGLE POINT INSTL INCOME       | Eagle Point Institutional Income Fund | CUSIP: 269819207<br>LEI: 549300I7NG18O8F3CM18 | Long             | EP               | CORP              | US        |     78028 | NS      | $1955381.68   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| REDWOOD TRUST INC              | Redwood Trust Inc                     | CUSIP: 758075865<br>LEI: DRBV4N1ERQLEMIF11G78 | Long             | EP               | CORP              | US        |    182015 | NS      | $4567666.43   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| APOLLO GLOBAL MANAGEMENT       | Apollo Global Management Inc          | CUSIP: 03769M304<br>LEI: 254900LMFT1CY9IYB476 | Long             | EP               | CORP              | US        |    584919 | NS      | $38218607.46  | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| LIVE OAK BANCSHARES            | Live Oak Bancshares Inc               | CUSIP: 53803X402<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    657819 | NS      | $16787540.88  | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| SL GREEN REALTY CORP           | SL Green Realty Corp                  | CUSIP: 78440X507<br>LEI: 549300VQZPJU97H3GT17 | Long             | EP               | CORP              | US        |    338667 | NS      | $7267793.82   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| CHIMERA INVESTMENT CORP        | Chimera Investment Corp               | CUSIP: 16934Q869<br>LEI: 2JBBQFJOL123LOUBE657 | Long             | EP               | CORP              | US        |    620954 | NS      | $15418287.82  | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| DIME COMMUNITY BANCSHARE       | Dime Community Bancshares Inc         | CUSIP: 25432X201<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     15688 | NS      | $299170.16    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| CHIMERA INVESTMENT CORP        | Chimera Investment Corp               | CUSIP: 16934Q505<br>LEI: 2JBBQFJOL123LOUBE657 | Long             | EP               | CORP              | US        |    981181 | NS      | $21733159.15  | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| RITHM CAPITAL CORP             | Rithm Capital Corp                    | CUSIP: 64828T805<br>LEI: 549300WNTHGEO5LP2G31 | Long             | EP               | CORP              | US        |    358616 | NS      | $8990503.12   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| VORNADO REALTY TRUST           | Vornado Realty Trust                  | CUSIP: 929042810<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    991009 | NS      | $17600319.84  | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| MERCHANTS BANCORP              | Merchants Bancorp/IN                  | CUSIP: 58844R850<br>LEI: 54930008Y0GPVLF81889 | Long             | EP               | CORP              | US        |   1484898 | NS      | $35192082.60  | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| SOUND POINT MERIDIAN CAP       | Sound Point Meridian Capital Inc      | CUSIP: 83617A207<br>LEI: 2138003DILFQKEPAD871 | Long             | EP               | CORP              | US        |    252306 | NS      | $6353065.08   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| ARBOR REALTY TRUST INC         | Arbor Realty Trust Inc                | CUSIP: 038923868<br>LEI: 549300ASFUWYQO0RW077 | Long             | EP               | CORP              | US        |     23926 | NS      | $418705.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| EAGLE POINT CREDIT CO          | Eagle Point Credit Co Inc             | CUSIP: 269809877<br>LEI: 549300H82HTZTPXB6822 | Long             | EP               | CORP              | US        |     65254 | NS      | $1645705.88   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| BABCOCK & WILCOX ENTERPR       | Babcock & Wilcox Enterprises Inc      | CUSIP: 05614L407<br>LEI: 5493006H661OZN2C0T54 | Long             | EP               | CORP              | US        |   1647771 | NS      | $24123367.44  | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| NEXTERA ENERGY CAPITAL         | NextEra Energy Capital Holdings Inc   | CUSIP: 65339K837<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | EP               | CORP              | US        |     85672 | NS      | $2192346.48   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| BROOKFIELD BRP HOLDINGS        | Brookfield BRP Holdings Canada Inc    | CUSIP: 11259P307<br>LEI: 549300NSPD7QJ50GZW26 | Long             | EP               | CORP              | CA        |    303020 | NS      | $7630043.60   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| ENERGY TRANSFER LP             | Energy Transfer LP                    | CUSIP: 29273V704<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | EP               | CORP              | US        |   4316873 | NS      | $50809595.21  | 2.73%             |  |  |  | No            |                  1 | On Loan: No      |
| TELEPHONE & DATA SYS           | Telephone and Data Systems Inc        | CUSIP: 879433761<br>LEI: N/A                  | Long             | EP               | CORP              | US        |   2264133 | NS      | $41456275.23  | 2.23%             |  |  |  | No            |                  1 | On Loan: No      |
| READY CAPITAL CORP             | Ready Capital Corp                    | CUSIP: 75574U838<br>LEI: 549300MYWGZUG7ZUYO87 | Long             | EP               | CORP              | US        |    446701 | NS      | $10591280.71  | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| BROOKFIELD OAKTREE HLDGS       | Brookfield Oaktree Holdings LLC       | CUSIP: 674001409<br>LEI: 254900T1ODNFOK2L6090 | Long             | EP               | CORP              | US        |     22633 | NS      | $485930.51    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| FLAGSTAR BANK NA               | Flagstar Bank NA                      | CUSIP: 64944P307<br>LEI: SS1TRMSN6BRNMOREEV51 | Long             | EP               | CORP              | US        |    969347 | NS      | $37804533.00  | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| RAMACO RESOURCES INC           | Ramaco Resources Inc                  | CUSIP: 75134P709<br>LEI: 5493001BYUI4TCQOPF70 | Long             | EP               | CORP              | US        |    279128 | NS      | $7128929.12   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| OFFICE PPTY INCOME TRST        | Office Properties Income Trust        | CUSIP: 67623C208<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    638720 | NS      | $1188019.20   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| NextEra Energy Inc             | NextEra Energy Inc                    | CUSIP: 65339F101<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EC               | CORP              | US        |        40 | NS      | $3256.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| GLOBAL NET LEASE INC           | Global Net Lease Inc                  | CUSIP: 379378409<br>LEI: 549300NUYANCT5SU8Z65 | Long             | EP               | CORP              | US        |    787035 | NS      | $17511528.75  | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-12-30

**Name of Applicant:** ETFis Series Trust I

**Signature:** Brinton W. Frith

**Name of Signer:** Brinton W. Frith

**Title:** Treasurer and Principal Financial Officer