# EDGAR Filing Document

**Accession Number:** 0001648403
**File Stem:** 0001752724-23-065024
**Filing Date:** 2023-3
**Character Count:** 31092
**Document Hash:** 557cf2db7d7dd32deb154824dbb559a0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-065024.hdr.sgml**: 20230324

**ACCESSION NUMBER**: 0001752724-23-065024

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20230131

**FILED AS OF DATE**: 20230324

**DATE AS OF CHANGE**: 20230324

**PERIOD START**: 20230731

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Virtus ETF Trust II
- **CENTRAL INDEX KEY:** 0001648403
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23078
- **FILM NUMBER:** 23758272

**BUSINESS ADDRESS:**
- **STREET 1:** 1540 BROADWAY
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036
- **BUSINESS PHONE:** 212-493-4383

**MAIL ADDRESS:**
- **STREET 1:** 1540 BROADWAY
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10036

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Virtus EFT Trust II
- **DATE OF NAME CHANGE:** 20150717

## Series and Classes Contracts Data

### Virtus Stone Harbor Emerging Markets High Yield Bond ETF (Series ID: S000078276)

| Class ID   | Class Name                                               | Ticker Symbol   |
|:---|:---|:---|
| C000239036 | Virtus Stone Harbor Emerging Markets High Yield Bond ETF | VEMY            |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Virtus ETF Trust II

- **b. Investment Company Act file number:** 811-23078

- **c. CIK number of Registrant:** 0001648403

- **d. LEI of Registrant:** 549300KNJ4HBWHIYD309

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

  - **Street Address 1:** 1540 Broadway

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10036

  - **Telephone number:** 212-493-4383

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

- **a. Name of Series:** Virtus Stone Harbor Emerging Markets High Yield Bond ETF

- **b. EDGAR series identifier (if any):** S000078276

- **c. LEI of Series:** 549300XJPVD8EVRFU454

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

- **a. Date of fiscal year-end:** 2023-07-31

- **b. Date as of which information is reported:** 2023-01-31

**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:** $4029014.17

**Total Liabilities:** $136498.50

**Net Assets:** $3892515.67

**Cash Not Reported:** $195798.87

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** -34.00000000 | **10-Year:** -103.00000000 | **30-Year:** -143.00000000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 0.00000000 | **1-Year:** -6.00000000 | **5-Year:** -241.00000000 | **10-Year:** -807.00000000 | **30-Year:** -411.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000239036 |  | -0.42%               | 5.25%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $0.00                                      |
| Month 2  | $0.00                    | $-39199.40                                 |
| Month 3  | $19246.37                | $145881.42                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| TURK TELEKOMUNIKASYON AS | Turk Telekomunikasyon AS                                           | CUSIP: 90011QAC4<br>LEI: 789000A2TXOI10JZLF90 | Long             | DBT              | CORP              | TR        |     59000 | PA      | $56312.99     | 1.45%             | 2025-02-28      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF GABON        | Gabon Government International Bond                                | CUSIP: 362420AD3<br>LEI: N/A                  | Long             | DBT              | NUSS              | GA        |     55000 | PA      | $46336.40     | 1.19%             | 2031-02-06      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| STAR ENERGY CO ISSUE     | Star Energy Geothermal Darajat II / Star Energy Geothermal Salak   | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |     58000 | PA      | $50658.51     | 1.30%             | 2038-10-14      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| ARAB REPUBLIC OF EGYPT   | Egypt Government International Bond                                | CUSIP: 03846JX54<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |    100000 | PA      | $76558.25     | 1.97%             | 2032-05-29      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| MONG DUONG FIN HLDGS BV  | Mong Duong Finance Holdings BV                                     | CUSIP: 000000000<br>LEI: 549300995KGQFMWSV879 | Long             | DBT              | CORP              | NL        |     59000 | PA      | $52909.14     | 1.36%             | 2029-05-07      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| HTA GROUP LTD            | HTA Group Ltd/Mauritius                                            | CUSIP: 40435WAB6<br>LEI: 213800WEFU8O8X6EPU13 | Long             | DBT              | CORP              | MU        |     60000 | PA      | $56694.15     | 1.46%             | 2025-12-18      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS      | Petroleos Mexicanos                                                | CUSIP: 71654QDN9<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |     60000 | PA      | $58620.00     | 1.51%             | 2033-02-07      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| KAZMUNAYGAS NATIONAL CO  | KazMunayGas National Co JSC                                        | CUSIP: 48667QAS4<br>LEI: 2138001H1M69RFJCSH88 | Long             | DBT              | CORP              | KZ        |     45000 | PA      | $38700.00     | 0.99%             | 2048-10-24      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| IHS NETHERLANDS HOLDCO   | IHS Netherlands Holdco BV                                          | CUSIP: 44963LAC0<br>LEI: 5493006Z6YQYCCN2XI74 | Long             | DBT              | CORP              | NL        |     50000 | PA      | $45246.13     | 1.16%             | 2027-09-18      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| NETWORK I2I LTD          | Network i2i Ltd                                                    | CUSIP: 64132NAA4<br>LEI: 2549003L8M1FGHLHOX45 | Long             | DBT              | CORP              | MU        |     50000 | PA      | $48340.38     | 1.24%             | N/A             | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| TURKCELL ILETISIM HIZMET | Turkcell Iletisim Hizmetleri AS                                    | CUSIP: 900111AB1<br>LEI: 7890003EX1LTLS2FFL84 | Long             | DBT              | CORP              | TR        |     77000 | PA      | $67190.20     | 1.73%             | 2028-04-11      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC       | Dominican Republic International Bond                              | CUSIP: 000000000<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |     75000 | PA      | $64047.56     | 1.65%             | 2032-09-23      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF COLOMBIA     | Colombia Government International Bond                             | CUSIP: 195325DS1<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |     33000 | PA      | $25031.41     | 0.64%             | 2031-04-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ANGOLA       | Angolan Government International Bond                              | CUSIP: 035198AC4<br>LEI: 549300QHR2R3J8JSGK83 | Long             | DBT              | NUSS              | AO        |    150000 | PA      | $134250.00    | 3.45%             | 2048-05-08      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| ISLAMIC REP OF PAKISTAN  | Pakistan Government International Bond                             | CUSIP: 695847AS2<br>LEI: 529900LOP29R5WKHOD86 | Long             | DBT              | NUSS              | PK        |     90000 | PA      | $39600.00     | 1.02%             | 2026-04-08      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| COSTA RICA GOVERNMENT    | Costa Rica Government International Bond                           | CUSIP: 000000000<br>LEI: 549300S1EK2VN6XVJP58 | Long             | DBT              | NUSS              | CR        |     38000 | PA      | $37392.48     | 0.96%             | 2031-02-19      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF TURKEY       | Turkey Government International Bond                               | CUSIP: 900123CL2<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |     41000 | PA      | $37412.50     | 0.96%             | 2027-03-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS      | Petroleos Mexicanos                                                | CUSIP: 71654QDE9<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    100000 | PA      | $80090.00     | 2.06%             | 2031-01-28      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| MONG DUONG FIN HLDGS BV  | Mong Duong Finance Holdings BV                                     | CUSIP: 60935DAA3<br>LEI: 549300995KGQFMWSV879 | Long             | DBT              | CORP              | NL        |     20000 | PA      | $17935.30     | 0.46%             | 2029-05-07      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| COSTA RICA GOVERNMENT    | Costa Rica Government International Bond                           | CUSIP: 000000000<br>LEI: 549300S1EK2VN6XVJP58 | Long             | DBT              | NUSS              | CR        |     40000 | PA      | $39333.70     | 1.01%             | 2045-03-12      | Fixed         | 7.16%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF TURKEY       | Turkey Government International Bond                               | CUSIP: 900123DF4<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |    102000 | PA      | $104932.50    | 2.70%             | 2028-01-15      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| TULLOW OIL PLC           | Tullow Oil PLC                                                     | CUSIP: 899415AE3<br>LEI: 2138003EYHWO75RKS857 | Long             | DBT              | CORP              | GB        |     72000 | PA      | $51660.00     | 1.33%             | 2025-03-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| YPF SOCIEDAD ANONIMA     | YPF SA                                                             | CUSIP: 000000000<br>LEI: 5493003N7447U18U5U53 | Long             | DBT              | CORP              | AR        |    103000 | PA      | $82426.01     | 2.12%             | 2027-07-21      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| FIRST QUANTUM MINERALS L | First Quantum Minerals Ltd                                         | CUSIP: 335934AL9<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |     30000 | PA      | $29739.00     | 0.76%             | 2025-04-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF GABON        | Gabon Government International Bond                                | CUSIP: 362420AE1<br>LEI: N/A                  | Long             | DBT              | NUSS              | GA        |     28000 | PA      | $23730.00     | 0.61%             | 2031-11-24      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| ESKOM HOLDINGS SOC LTD   | Eskom Holdings SOC Ltd                                             | CUSIP: 29646AAD8<br>LEI: 3789001900ED06F65111 | Long             | DBT              | CORP              | ZA        |    100000 | PA      | $96500.00     | 2.48%             | 2028-08-10      | Fixed         | 8.45%                 | No            |                  2 | On Loan: No      |
| AI CANDELARIA SPAIN SLU  | AI Candelaria Spain SA                                             | CUSIP: 000000000<br>LEI: 213800L5KA2MJ5FKRZ02 | Long             | DBT              | CORP              | ES        |     98000 | PA      | $76685.00     | 1.97%             | 2033-06-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| CEMEX SAB DE CV          | Cemex SAB de CV                                                    | CUSIP: 000000000<br>LEI: 549300RIG2CXWN6IV731 | Long             | DBT              | CORP              | MX        |     49000 | PA      | $45202.50     | 1.16%             | N/A             | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| INDIKA ENERGY CAPITAL IV | Indika Energy Capital IV Pte Ltd                                   | CUSIP: 000000000<br>LEI: 254900LQ197HY24XVH34 | Long             | DBT              | CORP              | SG        |     78000 | PA      | $78195.00     | 2.01%             | 2025-10-22      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF COLOMBIA     | Colombia Government International Bond                             | CUSIP: 195325DP7<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |     42000 | PA      | $37173.41     | 0.95%             | 2029-03-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| MV24 CAPITAL BV          | MV24 Capital BV                                                    | CUSIP: 55388RAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | NL        |     58242 | PA      | $55417.26     | 1.42%             | 2034-06-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF NIGERIA      | Nigeria Government International Bond                              | CUSIP: 65412JAU7<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |     45000 | PA      | $37687.50     | 0.97%             | 2029-03-24      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| VEDANTA RESOURCES        | Vedanta Resources Finance II PLC                                   | CUSIP: 92243XAE1<br>LEI: 8945002DGA3BBXO3N634 | Long             | DBT              | CORP              | GB        |     36000 | PA      | $28530.00     | 0.73%             | 2025-03-11      | Fixed         | 8.95%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF KENYA        | Republic of Kenya Government International Bond                    | CUSIP: 491798AE4<br>LEI: 549300VVURQQYU45PR87 | Long             | DBT              | NUSS              | KE        |     82000 | PA      | $77080.00     | 1.98%             | 2024-06-24      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| KOSMOS ENERGY LTD        | Kosmos Energy Ltd                                                  | CUSIP: 000000000<br>LEI: 213800YDFJ3OT9B5P157 | Long             | DBT              | CORP              | US        |     52000 | PA      | $47020.48     | 1.21%             | 2026-04-04      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| PROSUS NV                | Prosus NV                                                          | CUSIP: 000000000<br>LEI: 635400Z5LQ5F9OLVT688 | Long             | DBT              | CORP              | NL        |     48000 | PA      | $38592.00     | 0.99%             | 2031-07-13      | Fixed         | 3.06%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF TURKEY       | Turkey Government International Bond                               | CUSIP: 900123DA5<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |     89000 | PA      | $73536.25     | 1.89%             | 2031-01-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| SASOL FINANCING USA LLC  | Sasol Financing USA LLC                                            | CUSIP: 80386WAB1<br>LEI: 549300XRB1PFMESFEL85 | Long             | DBT              | CORP              | US        |     60000 | PA      | $57900.00     | 1.49%             | 2028-09-27      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ESKOM HOLDINGS SOC LTD   | Eskom Holdings SOC Ltd                                             | CUSIP: 29646AAC0<br>LEI: 3789001900ED06F65111 | Long             | DBT              | CORP              | ZA        |     27000 | PA      | $25936.88     | 0.67%             | 2028-08-10      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| GEOPARK LTD              | Geopark Ltd                                                        | CUSIP: 000000000<br>LEI: 529900ZR5QI19AH4KZ07 | Long             | DBT              | CORP              | BM        |     83000 | PA      | $74110.91     | 1.90%             | 2027-01-17      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ECUADOR      | Ecuador Government International Bond                              | CUSIP: 000000000<br>LEI: 5299003Y2U5XK0A35H71 | Long             | DBT              | NUSS              | EC        |    259000 | PA      | $173180.35    | 4.45%             | 2030-07-31      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF EL SALVADOR  | El Salvador Government International Bond                          | CUSIP: 000000000<br>LEI: 529900AKDMUSFSDOM949 | Long             | DBT              | NUSS              | SV        |     98000 | PA      | $47965.12     | 1.23%             | 2035-06-15      | Fixed         | 7.65%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ANGOLA       | Angolan Government International Bond                              | CUSIP: 035198AF7<br>LEI: 549300QHR2R3J8JSGK83 | Long             | DBT              | NUSS              | AO        |     23000 | PA      | $21390.00     | 0.55%             | 2032-04-14      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS      | Petroleos Mexicanos                                                | CUSIP: 71654QCG5<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |    103000 | PA      | $97376.20     | 2.50%             | 2027-03-13      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF NIGERIA      | Nigeria Government International Bond                              | CUSIP: 65412JAA1<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |     30000 | PA      | $22800.00     | 0.59%             | 2032-02-16      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| ARAB REPUBLIC OF EGYPT   | Egypt Government International Bond                                | CUSIP: 03846JW71<br>LEI: 529900GFIVH4086NMH82 | Long             | DBT              | NUSS              | EG        |     45000 | PA      | $37575.00     | 0.97%             | 2029-03-01      | Fixed         | 7.60%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS      | Petroleos Mexicanos                                                | CUSIP: 71654QCP5<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |     64000 | PA      | $57955.20     | 1.49%             | 2029-01-23      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF NIGERIA      | Nigeria Government International Bond                              | CUSIP: 65412JAS2<br>LEI: 549300GSBZD84TNEQ285 | Long             | DBT              | NUSS              | NG        |     87000 | PA      | $62531.25     | 1.61%             | 2033-09-28      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ARGENTINA    | Argentine Republic Government International Bond                   | CUSIP: 040114HX1<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |    145000 | PA      | $49807.50     | 1.28%             | 2029-07-09      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| IVORY COAST              | Ivory Coast Government International Bond                          | CUSIP: 000000000<br>LEI: 254900ICW11T82O6H590 | Long             | DBT              | NUSS              | CI        |    119389 | PA      | $109861.76    | 2.82%             | 2032-12-31      | Variable      | 5.75%                 | No            |                  2 | On Loan: No      |
| MELCO RESORTS FINANCE    | Melco Resorts Finance Ltd                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |     78000 | PA      | $67470.00     | 1.73%             | 2029-12-04      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| BANCO MERCANTIL DE NORTE | Banco Mercantil del Norte SA/Grand Cayman                          | CUSIP: 000000000<br>LEI: 549300QTVYRPFHS0J362 | Long             | DBT              | CORP              | MX        |     67000 | PA      | $65825.16     | 1.69%             | N/A             | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| MC BRAZIL DWNSTRM        | MC Brazil Downstream Trading SARL                                  | CUSIP: 55292WAA8<br>LEI: 213800T2A7R9TYNXZI63 | Long             | DBT              | CORP              | LU        |     72368 | PA      | $63480.88     | 1.63%             | 2031-06-30      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| BRASKEM IDESA SAPI       | Braskem Idesa SAPI                                                 | CUSIP: 10554NAB4<br>LEI: YH0V7ZHY352ITDGEYB83 | Long             | DBT              | CORP              | MX        |     42000 | PA      | $31105.20     | 0.80%             | 2032-02-20      | Fixed         | 6.99%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF COLOMBIA     | Colombia Government International Bond                             | CUSIP: 195325DR3<br>LEI: 549300MHDRBVRF6B9117 | Long             | DBT              | NUSS              | CO        |     92000 | PA      | $71875.00     | 1.85%             | 2030-01-30      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| PETROLEOS MEXICANOS      | Petroleos Mexicanos                                                | CUSIP: 71654QDD1<br>LEI: 549300CAZKPF4HKMPX17 | Long             | DBT              | CORP              | MX        |     35000 | PA      | $26267.50     | 0.67%             | 2050-01-23      | Fixed         | 7.69%                 | No            |                  2 | On Loan: No      |
| TULLOW OIL PLC           | Tullow Oil PLC                                                     | CUSIP: 899415AG8<br>LEI: 2138003EYHWO75RKS857 | Long             | DBT              | CORP              | GB        |     26000 | PA      | $22425.00     | 0.58%             | 2026-05-15      | Fixed         | 10.25%                | No            |                  2 | On Loan: No      |
| TUNISIAN REPUBLIC        | Tunisian Republic                                                  | CUSIP: 066716AH4<br>LEI: 254900B5LFB16S9T2T11 | Long             | DBT              | NUSS              | TN        |     74000 | PA      | $48741.95     | 1.25%             | 2025-01-30      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| YPF SOCIEDAD ANONIMA     | YPF SA                                                             | CUSIP: 984245AK6<br>LEI: 5493003N7447U18U5U53 | Long             | DBT              | CORP              | AR        |     38500 | PA      | $37118.04     | 0.95%             | 2024-04-04      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| STUDIO CITY FINANCE LTD  | Studio City Finance Ltd                                            | CUSIP: 86389QAG7<br>LEI: 254900D6R731QAUIG324 | Long             | DBT              | CORP              | VG        |    112000 | PA      | $91209.44     | 2.34%             | 2029-01-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF ARGENTINA    | Argentine Republic Government International Bond                   | CUSIP: 040114HS2<br>LEI: 549300KPBYGYF7HCHO27 | Long             | DBT              | NUSS              | AR        |     83000 | PA      | $29589.50     | 0.76%             | 2030-07-09      | Variable      | 0.50%                 | No            |                  2 | On Loan: No      |
| MINERVA LUXEMBOURG SA    | Minerva Luxembourg SA                                              | CUSIP: 000000000<br>LEI: 222100NM3G3RCPGZ2Z17 | Long             | DBT              | CORP              | LU        |     52000 | PA      | $44080.40     | 1.13%             | 2031-03-18      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| ANGLOGOLD HOLDINGS PLC   | AngloGold Ashanti Holdings PLC                                     | CUSIP: 03512TAE1<br>LEI: 213800745ZIXC4L6A131 | Long             | DBT              | CORP              | IM        |     34000 | PA      | $30260.00     | 0.78%             | 2030-10-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC       | Dominican Republic International Bond                              | CUSIP: 000000000<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |     76000 | PA      | $69876.11     | 1.80%             | 2045-01-27      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| HONDURAS GOVERNMENT      | Honduras Government International Bond                             | CUSIP: 000000000<br>LEI: 5493002DW1JNBNG17615 | Long             | DBT              | NUSS              | HN        |     15000 | PA      | $13321.99     | 0.34%             | 2027-01-19      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| IOCHPE-MAX/MAX WHEELS MX | Iochpe-Maxion Austria GmbH / Maxion Wheels de Mexico S de RL de CV | CUSIP: 46188AAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | AT        |     29000 | PA      | $24470.56     | 0.63%             | 2028-05-07      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| AKBANK TAS               | Akbank TAS                                                         | CUSIP: 00971YAG5<br>LEI: 789000TUMN63Z28TJ497 | Long             | DBT              | CORP              | TR        |     29000 | PA      | $27892.85     | 0.72%             | 2026-02-06      | Fixed         | 6.80%                 | No            |                  2 | On Loan: No      |
| OMAN GOV INTERNTL BOND   | Oman Government International Bond                                 | CUSIP: 68205LAB9<br>LEI: 549300SZ20F0QTKNQC75 | Long             | DBT              | NUSS              | OM        |     21000 | PA      | $21534.45     | 0.55%             | 2029-08-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| VEDANTA RESOURCES        | Vedanta Resources Finance II PLC                                   | CUSIP: 92243XAD3<br>LEI: 8945002DGA3BBXO3N634 | Long             | DBT              | CORP              | GB        |     80000 | PA      | $71462.20     | 1.84%             | 2024-01-21      | Fixed         | 13.88%                | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-03-17

**Name of Applicant:** Virtus ETF Trust II

**Signature:** Brinton W. Frith

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

**Title:** Treasurer and Principal Financial Officer