# EDGAR Filing Document

**Accession Number:** 0001648403
**File Stem:** 0001752724-25-161546
**Filing Date:** 2025-6
**Character Count:** 67437
**Document Hash:** 2c0227e78126d889962ddc4c82fda708
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-161546.hdr.sgml**: 20250627

**ACCESSION NUMBER**: 0001752724-25-161546

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250627

**DATE AS OF CHANGE**: 20250627

**PERIOD START**: 20250731

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Virtus ETF Trust II
- **CENTRAL INDEX KEY:** 0001648403

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0731

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23078
- **FILM NUMBER:** 251083861

**BUSINESS ADDRESS:**
- **STREET 1:** 31 WEST 52ND STREET
- **STREET 2:** 16TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10019
- **BUSINESS PHONE:** 212-593-4383

**MAIL ADDRESS:**
- **STREET 1:** 31 WEST 52ND STREET
- **STREET 2:** 16TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10019

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

## Series and Classes Contracts Data

### Virtus Newfleet ABS/MBS ETF (Series ID: S000070567)

| Class ID   | Class Name                  | Ticker Symbol   |
|:---|:---|:---|
| C000224134 | Virtus Newfleet ABS/MBS ETF | VABS            |

## Nport-Ex

Schedule of Investments – Virtus Newfleet ABS/MBS ETF

April 30, 2025 (unaudited)

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal** | **Value** |
| **ASSET BACKED SECURITIES – 55.9%** |  |  |
| Acm Auto Trust, Class A, Series 2024-2A, 6.06%, 02/20/29<sup>(1)</sup> | $53617 | $53646 |
| Acm Auto Trust, Class A, Series 2025-1A, 5.38%, 06/20/29<sup>(1)</sup> | 789864 | 790165 |
| Affirm Asset Securitization Trust, Class A, Series 2023-B, 6.82%, 09/15/28<sup>(1)</sup> | 210000 | 211342 |
| Affirm Asset Securitization Trust, Class A, Series 2024-B, 4.62%, 09/15/29<sup>(1)</sup> | 55000 | 54913 |
| American Credit Acceptance Receivables Trust, Class C, Series 2025-1, 5.09%, 08/12/31<sup>(1)</sup> | 785000 | 789397 |
| American Credit Acceptance Receivables Trust, Class E, Series 2022-1, 3.64%, 03/13/28<sup>(1)</sup> | 160000 | 159206 |
| Applebee's Funding LLC / Ihop Funding LLC, Class A2, Series 2023-1A, 7.82%, 03/05/53<sup>(1)</sup> | 1185000 | 1222529 |
| Aqua Finance Trust, Class B, Series 2024-A, 5.06%, 04/18/50<sup>(1)</sup> | 145000 | 142326 |
| Aqua Finance Trust, Class C, Series 2019-A, 4.01%, 07/16/40<sup>(1)</sup> | 61141 | 59194 |
| Auxilior Term Funding, Class B, Series 2024-1A, 5.69%, 07/15/31<sup>(1)</sup> | 88000 | 90100 |
| Auxilior Term Funding, Class D, Series 2023-1A, 7.27%, 12/16/30<sup>(1)</sup> | 710000 | 729833 |
| Avis Budget Rental Car Funding Aesop LLC, Class C, Series 2022-5A, 6.24%, 04/20/27<sup>(1)</sup> | 190000 | 190349 |
| Avis Budget Rental Car Funding Aesop LLC, Class D, Series 2020-1A, 3.34%, 08/20/26<sup>(1)</sup> | 226667 | 225324 |
| Avis Budget Rental Car Funding Aesop LLC, Class D, Series 2024-2A, 7.43%, 10/20/28<sup>(1)</sup> | 1000000 | 1002024 |
| Business Jet Securities LLC, Class A, Series 2024-1A, 6.20%, 05/15/39<sup>(1)</sup> | 310589 | 315210 |
| Carvana Auto Receivables Trust, Class B, Series 2024-N1, 5.63%, 05/10/30<sup>(1)</sup> | 146000 | 147880 |
| Castlelake Aircraft Structured Trust, Class A, Series 2025-1A, 5.78%, 02/15/50<sup>(1)</sup> | 986765 | 995034 |
| CPS Auto Receivables Trust, Class C, Series 2024-C, 5.76%, 10/15/30<sup>(1)</sup> | 145000 | 147229 |
| CPS Auto Receivables Trust, Class C, Series 2025-A, 5.25%, 04/15/31<sup>(1)</sup> | 1250000 | 1260759 |
| CPS Auto Receivables Trust, Class D, Series 2023-D, 7.80%, 01/15/30<sup>(1)</sup> | 535000 | 561351 |
| Elara HGV Timeshare Issuer LLC, Class A, Series 2023-A, 6.16%, 02/25/38<sup>(1)</sup> | 773244 | 798978 |
| FAT Brands Royalty LLC, Class A2, Series 2021-1A, 5.75%, 04/25/51<sup>(1)</sup> | 67550 | 58741 |
| FHF Trust, Class A2, Series 2023-1A, 6.57%, 06/15/28<sup>(1)</sup> | 8825 | 8914 |
| Five Guys Holdings, Inc., Class A2, Series 2023-1A, 7.55%, 01/26/54<sup>(1)</sup> | 706450 | 731650 |
| Flagship Credit Auto Trust, Class C, Series 2023-2, 5.81%, 05/15/29<sup>(1)</sup> | 910000 | 919388 |
| Gls Auto Receivables Issuer Trust, Class E, Series 2021-3A, 3.20%, 10/16/28<sup>(1)</sup> | 550000 | 537076 |
| GLS Auto Receivables Issuer Trust, Class D, Series 2022-2A, 6.15%, 04/17/28<sup>(1)</sup> | 135000 | 136543 |
| GLS Auto Receivables Issuer Trust, Class D, Series 2025-1A, 5.61%, 11/15/30<sup>(1)</sup> | 1000000 | 1002970 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal** | **Value** |
| **ASSET BACKED SECURITIES (continued)** |  |  |
| GLS Auto Select Receivables Trust, Class C, Series 2024-3A, 5.92%, 08/15/30<sup>(1)</sup> | $305000 | $314612 |
| Goldentree Loan Management US CLO 9 Ltd., Class AR, Series 2024-9A (Cayman Islands), 5.77%, (3-Month SOFR + 1.50%), 04/20/37<sup>(1)(2)</sup> | 1000000 | 1001421 |
| Greensky Home Improvement Issuer Trust, Class A2, Series 2024-2, 5.25%, 10/27/59<sup>(1)</sup> | 671423 | 672539 |
| Hardee's Funding LLC, Class A2, Series 2024-1A, 7.25%, 03/20/54<sup>(1)</sup> | 311850 | 322970 |
| Hilton Grand Vacations Trust, Class D, Series 2024-1B, 8.85%, 09/15/39<sup>(1)</sup> | 826648 | 844124 |
| HIN Timeshare Trust, Class C, Series 2020-A, 3.42%, 10/09/39<sup>(1)</sup> | 147347 | 143347 |
| Jersey Mike's Funding LLC, Class A2, Series 2019-1A, 4.43%, 02/15/50<sup>(1)</sup> | 1296900 | 1285983 |
| Jersey Mike's Funding LLC, Class A2, Series 2024-1A, 5.64%, 02/15/55<sup>(1)</sup> | 220000 | 219363 |
| LAD Auto Receivables Trust, Class C, Series 2025-1A, 5.11%, 07/15/30<sup>(1)</sup> | 500000 | 505383 |
| LAD Auto Receivables Trust, Class D, Series 2025-1A, 5.52%, 05/17/32<sup>(1)</sup> | 995000 | 1002085 |
| Lendbuzz Securitization Trust, Class A2, Series 2023-2A, 7.09%, 10/16/28<sup>(1)</sup> | 59183 | 60241 |
| Lendbuzz Securitization Trust, Class A2, Series 2025-1A, 5.10%, 10/15/30<sup>(1)</sup> | 500000 | 502347 |
| Libra Solutions LLC, Class A, Series 2024-1A, 5.88%, 09/30/38<sup>(1)</sup> | 165000 | 165702 |
| Lobel Automobile Receivables Trust, Class B, Series 2023-1, 7.05%, 09/15/28<sup>(1)</sup> | 67524 | 67719 |
| Marlette Funding Trust, Class B, Series 2023-2A, 6.54%, 06/15/33<sup>(1)</sup> | 55106 | 55288 |
| Merchants Fleet Funding LLC, Class A, Series 2023-1A, 7.21%, 05/20/36<sup>(1)</sup> | 118889 | 119757 |
| Mercury Financial Credit Card Master Trust, Class A, Series 2024-2A, 6.56%, 07/20/29<sup>(1)</sup> | 60000 | 60755 |
| Mission Lane Credit Card Master Trust, Class A, Series 2023-B, 7.69%, 11/15/28<sup>(1)</sup> | 220000 | 220572 |
| Momnt Technologies Trust, Class A, Series 2023-1A, 6.92%, 03/20/45<sup>(1)</sup> | 55050 | 55031 |
| Mvw LLC, Class A, Series 2020-1A, 1.74%, 10/20/37<sup>(1)</sup> | 272759 | 264012 |
| NBC Funding LLC, Class A2, Series 2021-1, 2.99%, 07/30/51<sup>(1)</sup> | 294750 | 284179 |
| Nmef Funding LLC, Class B, Series 2025-A, 5.18%, 07/15/32<sup>(1)</sup> | 190000 | 191124 |
| Oportun Funding XIV LLC, Class A, Series 2024-1A, 6.33%, 04/08/31<sup>(1)</sup> | 12384 | 12391 |
| Oportun Issuance Trust, Class B, Series 2024-2, 5.83%, 02/09/32<sup>(1)</sup> | 78000 | 78344 |
| Peac Solutions Receivables LLC, Class C, Series 2025-1A, 5.49%, 07/20/32<sup>(1)</sup> | 1000000 | 1004430 |
| Powerpay Issuance Trust, Class A, Series 2024-1A, 6.53%, 02/18/39<sup>(1)</sup> | 102724 | 105256 |
| Purchasing Power Funding, Class B, Series 2024-A, 6.43%, 08/15/28<sup>(1)</sup> | 190000 | 192259 |
| RCKT Mortgage Trust, Class A1A, Series 2023-CES3, 7.11%, 11/25/43<sup>(1)(2)(3)</sup> | 87819 | 89387 |

---

Schedule of Investments – Virtus Newfleet ABS/MBS ETF (continued)

April 30, 2025 (unaudited)

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal** | **Value** |
| **ASSET BACKED SECURITIES (continued)** |  |  |
| Reach ABS Trust, Class A, Series 2025-1A, 4.96%, 08/16/32<sup>(1)</sup> | $312650 | $312591 |
| Reach ABS Trust, Class B, Series 2024-1A, 6.29%, 02/18/31<sup>(1)</sup> | 190000 | 192538 |
| Reach ABS Trust, Class B, Series 2024-2A, 5.84%, 07/15/31<sup>(1)</sup> | 100000 | 101176 |
| Subway Funding LLC, Class A2II, Series 2024-1A, 6.27%, 07/30/54<sup>(1)</sup> | 995000 | 1014648 |
| Switch ABS Issuer LLC, Class A2, Series 2024-2A, 5.44%, 06/25/54<sup>(1)</sup> | 1000000 | 994255 |
| Taco Bell Funding LLC, Class A23, Series 2016-1A, 4.97%, 05/25/46<sup>(1)</sup> | 937500 | 937823 |
| Tricolor Auto Securitization Trust, Class C, Series 2024-2A, 6.93%, 04/17/28<sup>(1)</sup> | 325000 | 330050 |
| Tricolor Auto Securitization Trust, Class C, Series 2024-3A, 5.73%, 12/15/28<sup>(1)</sup> | 1000000 | 1003852 |
| TSC SPV Funding LLC, Class A2, Series 2024-1A, 6.29%, 08/20/54<sup>(1)</sup> | 99750 | 97910 |
| United Auto Credit Securitization Trust, Class C, Series 2024-1, 7.06%, 10/10/29<sup>(1)</sup> | 265000 | 266955 |
| United Auto Credit Securitization Trust, Class D, Series 2022-2, 6.84%, 01/10/28<sup>(1)</sup> | 468594 | 466371 |
| Veros Auto Receivables Trust, Class C, Series 2024-1, 7.57%, 12/15/28<sup>(1)</sup> | 195000 | 201219 |
| Westlake Automobile Receivables Trust, Class B, Series 2024-2A, 5.62%, 03/15/30<sup>(1)</sup> | 110000 | 111238 |
| ZAXBY'S Funding LLC, Class A2, Series 2021-1A, 3.24%, 07/30/51<sup>(1)</sup> | 149188 | 137114 |
| **Total Asset Backed Securities** |  |  |
| (Cost $29,289,745) |  | **29350432** |
| **MORTGAGE BACKED SECURITIES – 43.6%** |  |  |
| **Commercial Mortgage Backed Securities – 16.3%** |  |  |
| BPR Trust, Class A, Series 2022-OANA, 6.22%, (1-Month SOFR + 1.90%), 04/15/37<sup>(1)(2)</sup> | 1390000 | 1393211 |
| Bx Trust, Class B, Series 2018-GW, 5.64%, (1-Month SOFR + 1.32%), 05/15/35<sup>(1)(2)</sup> | 165000 | 164316 |
| Cent Trust, Class A, Series 2023-CITY, 6.94%, (1-Month SOFR + 2.62%), 09/15/38<sup>(1)(2)</sup> | 150000 | 150195 |
| Citigroup Mortgage Loan Trust, Class A2, Series 2025-INV1, 6.00%, 01/25/55<sup>(1)(2)(3)</sup> | 1306829 | 1315007 |
| Hudson Yards Mortgage Trust, Class A, Series 2025-SPRL, 5.65%, 01/13/40<sup>(1)(2)(3)</sup> | 1720000 | 1769700 |
| Ride, Class C, Series 2025-SHRE, 6.32%, 02/14/47<sup>(1)(2)(3)</sup> | 990000 | 990162 |
| Rock Trust, Class A, Series 2024-CNTR, 5.39%, 11/13/41<sup>(1)</sup> | 1500000 | 1529751 |
| Rock Trust, Class C, Series 2024-CNTR, 6.47%, 11/13/41<sup>(1)</sup> | 110000 | 114365 |
| Thpt Mortgage Trust, Class A, Series 2023-THL, 7.23%, 12/10/34<sup>(1)(2)(3)</sup> | 132549 | 134834 |
| Wstn Trust, Class C, Series 2023-MAUI, 7.96%, 07/05/37<sup>(1)(2)(3)</sup> | 1000000 | 1013270 |
| Total Commercial Mortgage Backed Securities |  | 8574811 |
| **Residential Mortgage Backed Securities – 27.3%** |  |  |
| A&d Mortgage Trust, Class A1, Series 2023-NQM3, 6.73%, 07/25/68<sup>(1)(4)</sup> | 149223 | 150955 |
| American Homes 4 Rent, Class B, Series 2015-SFR2, 4.30%, 10/17/52<sup>(1)</sup> | 100000 | 99542 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal** | **Value** |
| **MORTGAGE BACKED SECURITIES (continued)** | **MORTGAGE BACKED SECURITIES (continued)** |  |
| **Residential Mortgage Backed Securities (continued)** |  |  |
| Angel Oak Mortgage Trust, Class A2, Series 2021-3, 1.31%, 05/25/66<sup>(1)(2)(3)</sup> | $50302 | $43539 |
| COLT Mortgage Loan Trust, Class A1, Series 2023-3, 7.18%, 09/25/68<sup>(1)(4)</sup> | 451830 | 458343 |
| COLT Mortgage Loan Trust, Class A1, Series 2023-4, 7.16%, 10/25/68<sup>(1)(4)</sup> | 71623 | 72895 |
| Colt Trust, Class A1, Series 2021-RPL1, 1.67%, 09/25/61<sup>(1)(2)(3)</sup> | 171920 | 156917 |
| Coopr Residential Mortgage Trust, Class A1A, Series 2025-CES1, 5.65%, 05/25/60<sup>(1)(4)</sup> | 1550000 | 1549995 |
| CSMC Trust, Class A1, Series 2017-RPL1, 2.75%, 07/25/57<sup>(1)(2)(3)</sup> | 47584 | 46366 |
| Deephaven Residential Mortgage Trust, Class A1, Series 2021-4, 1.93%, 11/25/66<sup>(1)(2)(3)</sup> | 66639 | 58861 |
| Ellington Financial Mortgage Trust, Class A1, Series 2020-2, 1.18%, 10/25/65<sup>(1)(2)(3)</sup> | 111066 | 104153 |
| Ellington Financial Mortgage Trust, Class A2, Series 2021-1, 1.00%, 02/25/66<sup>(1)(2)(3)</sup> | 37281 | 31857 |
| Ellington Financial Mortgage Trust, Class A1, Series 2022-1, 2.21%, 01/25/67<sup>(1)(2)(3)</sup> | 1071877 | 935597 |
| Galton Funding Mortgage Trust, Class A23, Series 2018-1, 3.50%, 11/25/57<sup>(1)(2)(3)</sup> | 84961 | 77626 |
| JPMorgan Mortgage Trust, Class A1, Series 2025-CES1, 5.67%, 05/25/55<sup>(1)(2)(3)</sup> | 473591 | 476061 |
| JPMorgan Trust, Class A2, Series 2015-5, 5.87%, 05/25/45<sup>(1)(2)(3)</sup> | 208396 | 207514 |
| MetLife Securitization Trust, Class A, Series 2018-1A, 3.75%, 03/25/57<sup>(1)(2)(3)</sup> | 593836 | 575928 |
| MetLife Securitization Trust, Class A1A, Series 2019-1A, 3.75%, 04/25/58<sup>(1)(2)(3)</sup> | 92211 | 90716 |
| MFA Trust, Class A1, Series 2023-INV2, 6.78%, 10/25/58<sup>(1)(4)</sup> | 342156 | 346740 |
| MFA Trust, Class A1, Series 2024-NQM2, 5.27%, 08/25/69<sup>(1)(4)</sup> | 1401299 | 1400295 |
| Mill City Mortgage Loan Trust, Class A1, Series 2019-GS2, 2.75%, 08/25/59<sup>(1)(2)(3)</sup> | 440858 | 426176 |
| New Residential Mortgage Loan Trust, Class A3, Series 2017-2A, 4.00%, 03/25/57<sup>(1)(2)(3)</sup> | 21600 | 21070 |
| OBX Trust, Class A2, Series 2018-1, 5.09%, (1-Month SOFR + 0.76%), 06/25/57<sup>(1)(2)</sup> | 23043 | 22529 |
| OBX Trust, Class A1, Series 2022-NQM1, 2.31%, 11/25/61<sup>(1)(2)(3)</sup> | 104191 | 92737 |
| OBX Trust, Class A1A, Series 2023-NQM5, 6.57%, 06/25/63<sup>(1)(4)</sup> | 155160 | 156858 |
| OBX Trust, Class A1, Series 2023-NQM9, 7.16%, 10/25/63<sup>(1)(4)</sup> | 352652 | 358272 |
| OBX Trust, Class A1, Series 2023-NQM1, 5.93%, 11/25/63<sup>(1)(4)</sup> | 75802 | 76114 |
| Onslow Bay Financial LLC, Class A1, Series 2024-NQM9, 6.03%, 01/25/64<sup>(1)(4)</sup> | 1559139 | 1571396 |
| Pret Trust, Class A1, Series 2025-NPL1, 6.06%, 02/25/55<sup>(1)(4)</sup> | 719211 | 720284 |
| RCKT Mortgage Trust, Class A1A, Series 2023-CES2, 6.81%, 09/25/43<sup>(1)(2)(3)</sup> | 82100 | 83057 |
| RCKT Mortgage Trust, Class A1A, Series 2024-CES8, 5.49%, 11/25/44<sup>(1)(4)</sup> | 1190510 | 1194558 |
| Residential Mortgage Loan Trust, Class A1, Series 2020-1, 2.38%, 01/26/60<sup>(1)(2)(3)</sup> | 3241 | 3203 |

---

Schedule of Investments – Virtus Newfleet ABS/MBS ETF (continued)

April 30, 2025 (unaudited)

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal** | **Value** |
| **MORTGAGE BACKED SECURITIES (continued)** | **MORTGAGE BACKED SECURITIES (continued)** |  |
| **Residential Mortgage Backed Securities (continued)** |  |  |
| Starwood Mortgage Residential Trust, Class A1, Series 2020-1, 2.28%, 02/25/50<sup>(1)(2)(3)</sup> | $47244 | $45152 |
| Starwood Mortgage Residential Trust, Class A1, Series 2021-3, 1.13%, 06/25/56<sup>(1)(2)(3)</sup> | 543337 | 459827 |
| Towd Point Mortgage Trust, Class A2, Series 2017-6, 3.00%, 10/25/57<sup>(1)(2)(3)</sup> | 420000 | 400333 |
| Verus Securitization Trust, Class A1, Series 2020-4, 2.50%, 05/25/65<sup>(1)(4)</sup> | 1098400 | 1074188 |
| Verus Securitization Trust, Class A1, Series 2022-6, 4.91%, 06/25/67<sup>(1)(4)</sup> | 215862 | 218486 |
| Verus Securitization Trust, Class A1, Series 2022-7, 5.15%, 07/25/67<sup>(1)(4)</sup> | 242784 | 243847 |
| Verus Securitization Trust, Class A1, Series 2023-8, 6.26%, 12/25/68<sup>(1)(4)</sup> | 201174 | 203060 |
| Visio Trust, Class A1, Series 2020-1R, 1.31%, 11/25/55<sup>(1)</sup> | 66928 | 64063 |
| Total Residential Mortgage Backed Securities |  | 14319110 |
| **Total Mortgage Backed Securities** |  |  |
| (Cost $22,755,976) |  | **22893921** |
| **CORPORATE BOND – 0.5%** |  |  |
| **Industrials – 0.5%** |  |  |
| Alaska Airlines Pass-Through Trust, Class A, Series 2020-1, 4.80%, 08/15/27<sup>(1)</sup> | 239484 | 239727 |
| (Cost $237,644) |  |  |
| **TOTAL INVESTMENTS – 100.0%** |  |  |
| (Cost $52,283,365) |  | **52484080** |
| Other Assets in Excess of Liabilities – 0.0%<sup>(5)</sup> |  | 803 |
| **Net Assets - 100.0%** |  | $**52484883** |

---

(1) Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and may not be resold subject to that rule except to qualified institutional buyers. Unless otherwise noted, 144A securities are deemed to be liquid. At April 30, 2025, the aggregate value of these securities was $52,484,080, or 100.0% of net assets.

(2) Variable rate instrument. The interest rate shown reflects the rate in effect at April 30, 2025.

(3) Adjustable rate security with an interest rate that is not based on a published reference index and spread. The rate is based on the structure of the agreement and current market conditions.

(4) Represents step coupon bond. Rate shown reflects the rate in effect as of April 30, 2025.

(5) Amount rounds to less than 0.05%.

---

| |
|:---|
| **Abbreviations:** |
| SOFR — Secured Overnight Financing Rate |

---

---

| | |
|:---|:---|
| **Currency Abbreviations** | **Currency Abbreviations** |
| USD | United States Dollar |

---

Schedule of Investments – Virtus Newfleet ABS/MBS ETF (continued)

April 30, 2025 (unaudited)

**Fair Value Measurements**

The Fund utilizes a fair value hierarchy which prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. Level 1 includes unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access. Level 2 includes observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar securities, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data. Level 3 includes unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available; representing the Fund's own assumptions about the assumptions a market participant would use in valuing the asset or liability, and would be based on the best information available. The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

The following table summarizes valuation of the Fund's investments under the fair value hierarchy levels as of April 30, 2025.

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1** | **Level 2** | **Level 3** | **Total** |
| **Asset Valuation Inputs** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Asset Backed Securities | $— | $29350432 | $— | $29350432 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortgage Backed Securities |  | 22893921 |  | 22893921 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Corporate Bond |  | 239727 |  | 239727 |
| **Total** | $**—** | $**52484080** | $**—** | $**52484080** |

---

## 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 Newfleet ABS/MBS ETF

- **b. EDGAR series identifier (if any):** S000070567

- **c. LEI of Series:** 549300OXQOLOW6OELM19

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

- **a. Date of fiscal year-end:** 2025-07-31

- **b. Date as of which information is reported:** 2025-04-30

**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:** $54252673.48

**Total Liabilities:** $1767710.52

**Net Assets:** $52484962.96

**Cash Not Reported:** $1574761.95

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** -722.73381590 | **10-Year:** -2360.82703300 | **30-Year:** -10052.18304000

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

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** -265.09047790 | **10-Year:** -80.75628948 | **30-Year:** -975.34540440

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000224134 | 1.01%                | 0.07%                | 0.49%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $14441.98                | $335975.75                                 |
| Month 2  | $24799.98                | $-208938.11                                |
| Month 3  | $9057.34                 | $44270.43                                  |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ACM Auto Trust                 | ACM Auto Trust 2024-2                               | CUSIP: 00461WAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     53617 | PA      | $53645.91     | 0.10%             | 2029-02-20      | Fixed         | 6.06%                 | No            |                  2 | On Loan: No      |
| Business Jet Securities, LLC   | Business Jet Securities 2024-1 LLC                  | CUSIP: 12327CAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    310589 | PA      | $315209.48    | 0.60%             | 2039-05-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| Oportun Funding LLC            | Oportun Issuance Trust 2024-1                       | CUSIP: 68377JAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     12384 | PA      | $12390.97     | 0.02%             | 2031-04-08      | Fixed         | 6.33%                 | No            |                  2 | On Loan: No      |
| Towd Point Mortgage Trust      | Towd Point Mortgage Trust 2017-6                    | CUSIP: 89175JAB6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    420000 | PA      | $400332.79    | 0.76%             | 2057-10-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| Visio Trust                    | Visio 2020-1R Trust                                 | CUSIP: 92837MAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     66928 | PA      | $64063.11     | 0.12%             | 2055-11-25      | Fixed         | 1.31%                 | No            |                  2 | On Loan: No      |
| WSTN Trust                     | WSTN Trust 2023-MAUI                                | CUSIP: 92943AAE4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1013270.40   | 1.93%             | 2037-07-05      | Variable      | 7.96%                 | No            |                  2 | On Loan: No      |
| American Credit Acceptance Rec | American Credit Acceptance Receivables Trust 2022-1 | CUSIP: 02530WAJ3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    160000 | PA      | $159206.35    | 0.30%             | 2028-03-13      | Fixed         | 3.64%                 | No            |                  2 | On Loan: No      |
| Auxilior Term Funding LLC      | Auxilior Term Funding 2023-1 LLC                    | CUSIP: 05335JAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    710000 | PA      | $729833.21    | 1.39%             | 2030-12-16      | Fixed         | 7.27%                 | No            |                  2 | On Loan: No      |
| GMRF Mortgage Acquisition Co., | Galton Funding Mortgage Trust 2017-1                | CUSIP: 36417JAL3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     84961 | PA      | $77625.80     | 0.15%             | 2057-11-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| Pretium Mortgage Credit Partne | PRET 2025-NPL1 Trust                                | CUSIP: 74143VAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    719211 | PA      | $720284.31    | 1.37%             | 2055-02-25      | Variable      | 6.06%                 | No            |                  2 | On Loan: No      |
| Reach Financial LLC            | Reach ABS Trust 2024-2                              | CUSIP: 75525HAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $101176.13    | 0.19%             | 2031-07-15      | Fixed         | 5.84%                 | No            |                  2 | On Loan: No      |
| Woodward Capital Management    | RCKT Mortgage Trust 2023-CES3                       | CUSIP: 749407AA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     87819 | PA      | $89386.77     | 0.17%             | 2043-11-25      | Variable      | 7.11%                 | No            |                  2 | On Loan: No      |
| Ellington Financial Mortgage T | Ellington Financial Mortgage Trust 2022-1           | CUSIP: 31573CAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1071877 | PA      | $935596.56    | 1.78%             | 2067-01-25      | Variable      | 2.21%                 | No            |                  2 | On Loan: No      |
| GLS Auto Receivables Trust     | GLS Auto Receivables Issuer Trust 2022-2            | CUSIP: 36265NAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    135000 | PA      | $136543.01    | 0.26%             | 2028-04-17      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| ROCC Trust                     | ROCK Trust 2024-CNTR                                | CUSIP: 74970WAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1529751.15   | 2.91%             | 2041-11-13      | Fixed         | 5.39%                 | No            |                  2 | On Loan: No      |
| Woodward Capital Management    | RCKT Mortgage Trust 2023-CES2                       | CUSIP: 748956AA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     82100 | PA      | $83057.26     | 0.16%             | 2043-09-25      | Variable      | 6.81%                 | No            |                  2 | On Loan: No      |
| Starwood Mortgage Residential  | Starwood Mortgage Residential Trust 2020-1          | CUSIP: 85573AAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     47244 | PA      | $45151.72     | 0.09%             | 2050-02-25      | Variable      | 2.27%                 | No            |                  2 | On Loan: No      |
| Woodward Capital Management    | RCKT Mortgage Trust 2024-CES8                       | CUSIP: 749421AA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1190510 | PA      | $1194557.98   | 2.28%             | 2044-11-25      | Variable      | 5.49%                 | No            |                  2 | On Loan: No      |
| Jersey Mike's Funding, LLC     | Jersey Mike's Funding LLC                           | CUSIP: 476681AA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1296900 | PA      | $1285983.08   | 2.45%             | 2050-02-15      | Fixed         | 4.43%                 | No            |                  2 | On Loan: No      |
| Residential Mortgage Loan Trus | Residential Mortgage Loan Trust 2020-1              | CUSIP: 76119CAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      3241 | PA      | $3203.14      | 0.01%             | 2060-01-26      | Variable      | 2.38%                 | No            |                  2 | On Loan: No      |
| BPR Trust                      | BPR Trust 2022-OANA                                 | CUSIP: 05592DAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1390000 | PA      | $1393211.18   | 2.65%             | 2037-04-15      | Floating      | 6.22%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust     | Verus Securitization Trust 2022-6                   | CUSIP: 92539AAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    215862 | PA      | $218486.17    | 0.42%             | 2067-06-25      | Variable      | 4.91%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC       | OBX 2018-1 Trust                                    | CUSIP: 67112FAD2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     23043 | PA      | $22528.91     | 0.04%             | 2057-06-25      | Floating      | 5.09%                 | No            |                  2 | On Loan: No      |
| CPS Auto Trust                 | CPS Auto Receivables Trust 2023-D                   | CUSIP: 12598VAD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    535000 | PA      | $561351.21    | 1.07%             | 2030-01-15      | Fixed         | 7.80%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding | Avis Budget Rental Car Funding AESOP LLC            | CUSIP: 05377REQ3<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |    226667 | PA      | $225324.31    | 0.43%             | 2026-08-20      | Fixed         | 3.34%                 | No            |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust | Carvana Auto Receivables Trust 2024-N1              | CUSIP: 14687QAD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    146000 | PA      | $147880.39    | 0.28%             | 2030-05-10      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| Castlelake Aircraft Securitiza | Castlelake Aircraft Structured Trust 2025-1         | CUSIP: 14856VAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    986765 | PA      | $995033.95    | 1.90%             | 2050-02-15      | Fixed         | 5.78%                 | No            |                  2 | On Loan: No      |
| Credit Suisse Mortgage Trust   | CSMC 2017-RPL1 Trust                                | CUSIP: 22945AAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     47584 | PA      | $46366.21     | 0.09%             | 2057-07-25      | Variable      | 2.75%                 | No            |                  2 | On Loan: No      |
| Five Guys Funding, LLC         | Five Guys Holdings Inc                              | CUSIP: 33830JAE5<br>LEI: 549300XWT8G8Q3Z3HJ19 | Long             | ABS-O            | CORP              | US        |    706450 | PA      | $731650.41    | 1.39%             | 2054-01-26      | Fixed         | 7.55%                 | No            |                  2 | On Loan: No      |
| Oasis Securitisation           | Libra Solutions 2024-1 LLC                          | CUSIP: 53161XAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    165000 | PA      | $165701.91    | 0.32%             | 2038-09-30      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding | Avis Budget Rental Car Funding AESOP LLC            | CUSIP: 05377RFX7<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |    190000 | PA      | $190348.69    | 0.36%             | 2027-04-20      | Fixed         | 6.24%                 | No            |                  2 | On Loan: No      |
| United Auto Credit Securitizat | United Auto Credit Securitization Trust 2022-2      | CUSIP: 90944KAE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    468594 | PA      | $466370.53    | 0.89%             | 2028-01-10      | Fixed         | 6.84%                 | No            |                  2 | On Loan: No      |
| LAD Auto Receivables Trust     | LAD Auto Receivables Trust 2025-1                   | CUSIP: 505712AG4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    995000 | PA      | $1002084.60   | 1.91%             | 2032-05-17      | Fixed         | 5.52%                 | No            |                  2 | On Loan: No      |
| Jersey Mikes Funding LLC       | Jersey Mike's Funding LLC                           | CUSIP: 476681AD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    220000 | PA      | $219362.90    | 0.42%             | 2055-02-15      | Fixed         | 5.64%                 | No            |                  2 | On Loan: No      |
| Veros Auto Receivables Trust   | Veros Auto Receivables Trust 2024-1                 | CUSIP: 92512WAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    195000 | PA      | $201218.90    | 0.38%             | 2028-12-15      | Fixed         | 7.57%                 | No            |                  2 | On Loan: No      |
| Flagship Credit Auto Trust     | Flagship Credit Auto Trust 2023-2                   | CUSIP: 33843EAJ0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    910000 | PA      | $919387.56    | 1.75%             | 2029-05-15      | Fixed         | 5.81%                 | No            |                  2 | On Loan: No      |
| LAD Auto Receivables Trust     | LAD Auto Receivables Trust 2025-1                   | CUSIP: 505712AF6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $505382.70    | 0.96%             | 2030-07-15      | Fixed         | 5.11%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC       | OBX 2023-NQM9 Trust                                 | CUSIP: 673921AA0<br>LEI: 2549007JKD4UEFDCFB08 | Long             | ABS-MBS          | CORP              | US        |    352652 | PA      | $358272.06    | 0.68%             | 2063-10-25      | Variable      | 7.16%                 | No            |                  2 | On Loan: No      |
| Greensky Home Improvement Issu | GreenSky Home Improvement Issuer Trust 2024-2       | CUSIP: 39571XAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    671423 | PA      | $672539.36    | 1.28%             | 2059-10-27      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| RIDE 2025-SHRE                 | RIDE 2025-SHRE                                      | CUSIP: 765692AE8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    990000 | PA      | $990162.16    | 1.89%             | 2047-02-14      | Variable      | 6.32%                 | No            |                  2 | On Loan: No      |
| PEAC Solutions Receivables LLC | PEAC Solutions Receivables 2025-1 LLC               | CUSIP: 69392HAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1004429.60   | 1.91%             | 2032-07-20      | Fixed         | 5.49%                 | No            |                  2 | On Loan: No      |
| Deephaven Residential Mortgage | Deephaven Residential Mortgage Trust 2021-4         | CUSIP: 24381JAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     66639 | PA      | $58860.58     | 0.11%             | 2066-11-25      | Variable      | 1.93%                 | No            |                  2 | On Loan: No      |
| Avis Budget Rental Car Funding | Avis Budget Rental Car Funding AESOP LLC            | CUSIP: 05377RKK9<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1002024.39   | 1.91%             | 2028-10-20      | Fixed         | 7.43%                 | No            |                  2 | On Loan: No      |
| Merchants Fleet Funding LLC    | Merchants Fleet Funding LLC                         | CUSIP: 588926AA3<br>LEI: 254900Z2OOQUA5IN2X83 | Long             | ABS-O            | CORP              | US        |    118888 | PA      | $119756.89    | 0.23%             | 2036-05-20      | Fixed         | 7.21%                 | No            |                  2 | On Loan: No      |
| Starwood Mortgage Residential  | Starwood Mortgage Residential Trust 2021-3          | CUSIP: 85573JAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    543337 | PA      | $459826.64    | 0.88%             | 2056-06-25      | Variable      | 1.13%                 | No            |                  2 | On Loan: No      |
| CKE Restaurants Holdings Inc   | Hardee's Funding LLC                                | CUSIP: 411707AM4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    311850 | PA      | $322970.26    | 0.62%             | 2054-03-20      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| NMEF Funding LLC               | NMEF Funding 2025-A LLC                             | CUSIP: 62919VAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    190000 | PA      | $191123.81    | 0.36%             | 2032-07-15      | Fixed         | 5.18%                 | No            |                  2 | On Loan: No      |
| Citigroup Mortgage Loan Trust  | Citigroup Mortgage Loan Trust 2025-INV1             | CUSIP: 17332GAB3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1306829 | PA      | $1315006.93   | 2.51%             | 2055-01-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| Switch ABS Issuer, LLC         | Switch ABS Issuer LLC                               | CUSIP: 871044AE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $994254.80    | 1.89%             | 2054-06-25      | Fixed         | 5.44%                 | No            |                  2 | On Loan: No      |
| CPS Auto Trust                 | CPS Auto Receivables Trust 2024-C                   | CUSIP: 223920AC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    145000 | PA      | $147229.26    | 0.28%             | 2030-10-15      | Fixed         | 5.76%                 | No            |                  2 | On Loan: No      |
| American Credit Acceptance Rec | American Credit Acceptance Receivables Trust 2025-1 | CUSIP: 02528DAE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    785000 | PA      | $789397.26    | 1.50%             | 2031-08-12      | Fixed         | 5.09%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust       | Angel Oak Mortgage Trust 2021-3                     | CUSIP: 03465EAB7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     50302 | PA      | $43538.57     | 0.08%             | 2066-05-25      | Variable      | 1.30%                 | No            |                  2 | On Loan: No      |
| CENT Trust 2023-CITY           | CENT Trust 2023-CITY                                | CUSIP: 12516WAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    150000 | PA      | $150194.76    | 0.29%             | 2038-09-15      | Floating      | 6.94%                 | No            |                  2 | On Loan: No      |
| Metlife Securitization Trust   | METLIFE SECURITIZATION TRUST 2019-1                 | CUSIP: 59166EAB1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     92211 | PA      | $90716.43     | 0.17%             | 2058-04-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| Reach Financial LLC            | Reach ABS Trust 2025-1                              | CUSIP: 75525PAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    312650 | PA      | $312591.42    | 0.60%             | 2032-08-16      | Fixed         | 4.96%                 | No            |                  2 | On Loan: No      |
| Marlette Funding Trust         | Marlette Funding Trust 2023-2                       | CUSIP: 57109LAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     55106 | PA      | $55288.15     | 0.11%             | 2033-06-15      | Fixed         | 6.54%                 | No            |                  2 | On Loan: No      |
| Oportun Funding LLC            | Oportun Issuance Trust 2024-2                       | CUSIP: 68377KAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     78000 | PA      | $78343.65     | 0.15%             | 2032-02-09      | Fixed         | 5.83%                 | No            |                  2 | On Loan: No      |
| ACM Auto Trust                 | ACM Auto Trust 2025-1                               | CUSIP: 00161EAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    789864 | PA      | $790165.38    | 1.51%             | 2029-06-20      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust     | Verus Securitization Trust 2020-4                   | CUSIP: 92538LAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1098400 | PA      | $1074188.34   | 2.05%             | 2065-05-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| CPS Auto Trust                 | Consumer Portfolio Services Auto Trust 2025-A       | CUSIP: 12633SAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1250000 | PA      | $1260758.75   | 2.40%             | 2031-04-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| TSC SPV FUNDING, LLC           | TSC SPV Funding LLC                                 | CUSIP: 898912AA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     99750 | PA      | $97910.22     | 0.19%             | 2054-08-20      | Fixed         | 6.29%                 | No            |                  2 | On Loan: No      |
| Lobel Automobile Receivables T | Lobel Automobile Receivables Trust 2023-1           | CUSIP: 53946XAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     67524 | PA      | $67719.07     | 0.13%             | 2028-09-15      | Fixed         | 7.05%                 | No            |                  2 | On Loan: No      |
| ALASKA AIRLINES 2020 TR        | Alaska Airlines 2020-1 Class A Pass Through Trust   | CUSIP: 01166VAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    239484 | PA      | $239727.33    | 0.46%             | 2027-08-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Tricolor Auto Securitization T | Tricolor Auto Securitization Trust 2024-2           | CUSIP: 89616PAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    325000 | PA      | $330049.66    | 0.63%             | 2028-04-17      | Fixed         | 6.93%                 | No            |                  2 | On Loan: No      |
| GoldenTree Loan Management US  | Goldentree Loan Management US Clo 9 Ltd             | CUSIP: 38138JAN3<br>LEI: 549300CQMHYJ3DLMP206 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1001421.00   | 1.91%             | 2037-04-20      | Floating      | 5.77%                 | No            |                  2 | On Loan: No      |
| Hilton Grand Vacations Trust   | Hilton Grand Vacations Trust 2024-1B                | CUSIP: 43283YAD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    826648 | PA      | $844124.16    | 1.61%             | 2039-09-15      | Fixed         | 8.85%                 | No            |                  2 | On Loan: No      |
| PowerPay Issuance Trust        | PowerPay Issuance Trust 2024-1                      | CUSIP: 73934RAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    102724 | PA      | $105255.89    | 0.20%             | 2039-02-18      | Fixed         | 6.53%                 | No            |                  2 | On Loan: No      |
| Tricolor Auto Securitization T | Tricolor Auto Securitization Trust 2024-3           | CUSIP: 89617AAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1003852.00   | 1.91%             | 2028-12-15      | Fixed         | 5.73%                 | No            |                  2 | On Loan: No      |
| GLS Auto Select Receivables Tr | GLS Auto Select Receivables Trust 2024-3            | CUSIP: 37989EAG1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    305000 | PA      | $314612.38    | 0.60%             | 2030-08-15      | Fixed         | 5.92%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust     | Verus Securitization Trust 2023-8                   | CUSIP: 92540DAA3<br>LEI: 213800DTJD5UKJR53O34 | Long             | ABS-MBS          | CORP              | US        |    201174 | PA      | $203060.11    | 0.39%             | 2068-12-25      | Variable      | 6.26%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC               | COLT 2023-4 Mortgage Loan Trust                     | CUSIP: 12598WAA0<br>LEI: 213800EHDFO4A3F7P416 | Long             | ABS-MBS          | CORP              | US        |     71623 | PA      | $72894.62     | 0.14%             | 2068-10-25      | Variable      | 7.16%                 | No            |                  2 | On Loan: No      |
| Reach Financial LLC            | Reach Abs Trust 2024-1                              | CUSIP: 75526PAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    190000 | PA      | $192537.91    | 0.37%             | 2031-02-18      | Fixed         | 6.29%                 | No            |                  2 | On Loan: No      |
| Applebees/IHOP Funding LLC     | Applebee's Funding LLC / IHOP Funding LLC           | CUSIP: 03789XAF5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1185000 | PA      | $1222528.48   | 2.33%             | 2053-03-05      | Fixed         | 7.82%                 | No            |                  2 | On Loan: No      |
| United Auto Credit Securitizat | United Auto Credit Securitization Trust 2024-1      | CUSIP: 90945DAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    265000 | PA      | $266955.08    | 0.51%             | 2029-10-10      | Fixed         | 7.06%                 | No            |                  2 | On Loan: No      |
| Aqua Finance Trust             | Aqua Finance Trust 2019-A                           | CUSIP: 038370AC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     61141 | PA      | $59194.27     | 0.11%             | 2040-07-16      | Fixed         | 4.01%                 | No            |                  2 | On Loan: No      |
| ROCC Trust                     | ROCK Trust 2024-CNTR                                | CUSIP: 74970WAE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    110000 | PA      | $114364.62    | 0.22%             | 2041-11-13      | Fixed         | 6.47%                 | No            |                  2 | On Loan: No      |
| Affirm Inc                     | Affirm Asset Securitization Trust 2023-B            | CUSIP: 00792FAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    210000 | PA      | $211342.03    | 0.40%             | 2028-09-15      | Fixed         | 6.82%                 | No            |                  2 | On Loan: No      |
| Auxilior Term Funding LLC      | Auxilior Term Funding 2024-1 LLC                    | CUSIP: 05335FAD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     88000 | PA      | $90099.56     | 0.17%             | 2031-07-15      | Fixed         | 5.69%                 | No            |                  2 | On Loan: No      |
| MVW 2020-1 LLC                 | MVW 2020-1 LLC                                      | CUSIP: 55400EAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    272759 | PA      | $264011.66    | 0.50%             | 2037-10-20      | Fixed         | 1.74%                 | No            |                  2 | On Loan: No      |
| BX Trust                       | BX Trust 2018-GW                                    | CUSIP: 12433UAG0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    165000 | PA      | $164315.66    | 0.31%             | 2035-05-15      | Floating      | 5.64%                 | No            |                  2 | On Loan: No      |
| American Homes 4 Rent          | American Homes 4 Rent 2015-SFR2 Trust               | CUSIP: 02666BAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $99542.08     | 0.19%             | 2052-10-17      | Fixed         | 4.29%                 | No            |                  2 | On Loan: No      |
| MFRA Trust                     | MFA 2023-INV2 Trust                                 | CUSIP: 59319BAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    342156 | PA      | $346739.93    | 0.66%             | 2058-10-25      | Variable      | 6.78%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC               | COLT 2023-3 Mortgage Loan Trust                     | CUSIP: 19688RAA7<br>LEI: 213800MIPEZY1A8W1N28 | Long             | ABS-MBS          | CORP              | US        |    451830 | PA      | $458342.76    | 0.87%             | 2068-09-25      | Variable      | 7.18%                 | No            |                  2 | On Loan: No      |
| Momnt Technologies Trust       | Momnt Technologies Trust 2023-1                     | CUSIP: 608934AA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     55050 | PA      | $55031.41     | 0.10%             | 2045-03-20      | Fixed         | 6.92%                 | No            |                  2 | On Loan: No      |
| Zaxby's Funding LLC            | Zaxbys Funding LLC                                  | CUSIP: 98920MAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    149188 | PA      | $137113.70    | 0.26%             | 2051-07-30      | Fixed         | 3.24%                 | No            |                  2 | On Loan: No      |
| HIN Timeshare Trust 2020-A     | HIN Timeshare Trust 2020-A                          | CUSIP: 40439HAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    147347 | PA      | $143347.29    | 0.27%             | 2039-10-09      | Fixed         | 3.42%                 | No            |                  2 | On Loan: No      |
| ELARA HGV TIMESHARE ISSUER     | Elara HGV Timeshare Issuer 2023-A LLC               | CUSIP: 28415AAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    773244 | PA      | $798977.84    | 1.52%             | 2038-02-25      | Fixed         | 6.16%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC       | OBX 2023-NQM5 Trust                                 | CUSIP: 673919AL0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    155160 | PA      | $156857.64    | 0.30%             | 2063-06-25      | Variable      | 6.57%                 | No            |                  2 | On Loan: No      |
| COOPR Residential Mortgage Tru | COOPR Residential Mortgage Trust 2025-CES1          | CUSIP: 12596SAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1550000 | PA      | $1549995.35   | 2.95%             | 2060-05-25      | Variable      | 5.65%                 | No            |                  2 | On Loan: No      |
| SUBWAY FUNDING LLC             | Subway Funding LLC                                  | CUSIP: 864300AC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    995000 | PA      | $1014647.87   | 1.93%             | 2054-07-30      | Fixed         | 6.27%                 | No            |                  2 | On Loan: No      |
| Taco Bell Funding, LLC         | Taco Bell Funding LLC                               | CUSIP: 87342RAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    937500 | PA      | $937822.69    | 1.79%             | 2046-05-25      | Fixed         | 4.97%                 | No            |                  2 | On Loan: No      |
| Lendbuzz Securitization Trust  | Lendbuzz Securitization Trust 2023-2                | CUSIP: 52608MAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     59183 | PA      | $60241.02     | 0.11%             | 2028-10-16      | Fixed         | 7.09%                 | No            |                  2 | On Loan: No      |
| New Residential Mortgage Loan  | New Residential Mortgage Loan Trust 2017-2          | CUSIP: 64829KBV1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     21600 | PA      | $21069.98     | 0.04%             | 2057-03-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Tharaldson Hotel Portfolio Tru | THPT 2023-THL Mortgage Trust                        | CUSIP: 87252LAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    132549 | PA      | $134834.43    | 0.26%             | 2034-12-10      | Variable      | 7.23%                 | No            |                  2 | On Loan: No      |
| First Help Financial LLC       | FHF Trust 2023-1                                    | CUSIP: 30331GAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      8825 | PA      | $8914.20      | 0.02%             | 2028-06-15      | Fixed         | 6.57%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC       | OBX 2024-NQM1 Trust                                 | CUSIP: 67448LAA0<br>LEI: 254900UI1468MQ7I8472 | Long             | ABS-MBS          | CORP              | US        |     75802 | PA      | $76113.97     | 0.15%             | 2063-11-25      | Variable      | 5.93%                 | No            |                  2 | On Loan: No      |
| Lendbuzz Securitization Trust  | Lendbuzz Securitization Trust 2025-1                | CUSIP: 525938AC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $502346.90    | 0.96%             | 2030-10-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| NBC Funding LLC                | NBC Funding LLC                                     | CUSIP: 62878YAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    294750 | PA      | $284179.12    | 0.54%             | 2051-07-30      | Fixed         | 2.99%                 | No            |                  2 | On Loan: No      |
| FAT Brands Royalty I, LLC      | FAT Brands Royalty LLC                              | CUSIP: 31189TAF1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     67550 | PA      | $58741.48     | 0.11%             | 2051-04-25      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Verus Securitization Trust     | Verus Securitization Trust 2022-7                   | CUSIP: 92539NAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    242784 | PA      | $243846.62    | 0.46%             | 2067-07-25      | Variable      | 5.15%                 | No            |                  2 | On Loan: No      |
| Aqua Finance Trust             | Aqua Finance Trust 2024-A                           | CUSIP: 03837DAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    145000 | PA      | $142326.33    | 0.27%             | 2050-04-18      | Fixed         | 5.06%                 | No            |                  2 | On Loan: No      |
| Hudson Yards                   | Hudson Yards 2025-SPRL Mortgage Trust               | CUSIP: 44855PAA6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1720000 | PA      | $1769700.09   | 3.37%             | 2040-01-13      | Variable      | 5.65%                 | No            |                  2 | On Loan: No      |
| Ellington Financial Mortgage T | Ellington Financial Mortgage Trust 2020-2           | CUSIP: 31573WAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    111066 | PA      | $104153.16    | 0.20%             | 2065-10-25      | Variable      | 1.18%                 | No            |                  2 | On Loan: No      |
| COLT Funding LLC               | COLT 2021-RPL1 Trust                                | CUSIP: 12598PAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    171920 | PA      | $156916.93    | 0.30%             | 2061-09-25      | Variable      | 1.67%                 | No            |                  2 | On Loan: No      |
| Purchasing Power Funding       | Purchasing Power Funding 2024-A LLC                 | CUSIP: 745935AB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    190000 | PA      | $192258.76    | 0.37%             | 2028-08-15      | Fixed         | 6.43%                 | No            |                  2 | On Loan: No      |
| Mill City Mortgage Trust       | Mill City Mortgage Loan Trust 2019-GS2              | CUSIP: 59981TAC9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    440858 | PA      | $426176.36    | 0.81%             | 2059-08-25      | Variable      | 2.75%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC       | OBX 2022-NQM1 Trust                                 | CUSIP: 67114VAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    104191 | PA      | $92737.15     | 0.18%             | 2061-11-25      | Variable      | 2.31%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust       | JP Morgan Mortgage Trust Series 2025-CES1           | CUSIP: 46658XAC9<br>LEI: 5299003TKRYXBBT76K08 | Long             | ABS-MBS          | CORP              | US        |    473591 | PA      | $476061.21    | 0.91%             | 2055-05-25      | Variable      | 5.67%                 | No            |                  2 | On Loan: No      |
| Affirm Inc                     | Affirm Asset Securitization Trust 2024-B            | CUSIP: 00835AAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     55000 | PA      | $54912.70     | 0.10%             | 2029-09-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Westlake Automobile Receivable | Westlake Automobile Receivables Trust 2024-2        | CUSIP: 96042YAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    110000 | PA      | $111237.74    | 0.21%             | 2030-03-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Mission Lane Credit Card Maste | Mission Lane Credit Card Master Trust               | CUSIP: 60510MAT5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    220000 | PA      | $220572.37    | 0.42%             | 2028-11-15      | Fixed         | 7.69%                 | No            |                  2 | On Loan: No      |
| GLS Auto Receivables Trust     | GLS Auto Receivables Issuer Trust 2021-3            | CUSIP: 36263LAJ8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    550000 | PA      | $537075.50    | 1.02%             | 2028-10-16      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| Mercury Financial Credit Card  | Mercury Financial Credit Card Master Trust          | CUSIP: 58940BAZ9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     60000 | PA      | $60755.05     | 0.12%             | 2029-07-20      | Fixed         | 6.56%                 | No            |                  2 | On Loan: No      |
| GLS Auto Receivables Trust     | GLS Auto Receivables Issuer Trust 2025-1            | CUSIP: 36271KAL5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1002970.10   | 1.91%             | 2030-11-15      | Fixed         | 5.61%                 | No            |                  2 | On Loan: No      |
| A&D Mortgage Trust             | A&D Mortgage Trust 2023-NQM3                        | CUSIP: 00249FAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    149223 | PA      | $150955.16    | 0.29%             | 2068-07-25      | Variable      | 6.73%                 | No            |                  2 | On Loan: No      |
| Metlife Securitization Trust   | METLIFE SECURITIZATION TRUST 2018-1                 | CUSIP: 59166DAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    593836 | PA      | $575927.75    | 1.10%             | 2057-03-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust       | JP Morgan Trust 2015-5                              | CUSIP: 46644XAC6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    208396 | PA      | $207514.18    | 0.40%             | 2045-05-25      | Variable      | 5.87%                 | No            |                  2 | On Loan: No      |
| MFRA Trust                     | MFA 2024-NQM2 Trust                                 | CUSIP: 58004JAA0<br>LEI: 254900MMVXALAH2X8D73 | Long             | ABS-MBS          | CORP              | US        |   1401299 | PA      | $1400294.94   | 2.67%             | 2069-08-25      | Variable      | 5.27%                 | No            |                  2 | On Loan: No      |
| Ellington Financial Mortgage T | Ellington Financial Mortgage Trust 2017-1           | CUSIP: 31574XAB4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     37281 | PA      | $31856.96     | 0.06%             | 2066-02-25      | Variable      | 1.00%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC       | OBX 2024-NQM9 Trust                                 | CUSIP: 67119DAA6<br>LEI: 2549004KB8X0K1PPTU08 | Long             | ABS-MBS          | CORP              | US        |   1559139 | PA      | $1571396.36   | 2.99%             | 2064-01-25      | Variable      | 6.03%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-06-25

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

**Signature:** Brinton W. Frith

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

**Title:** Treasurer and Principal Financial Officer