# EDGAR Filing Document

**Accession Number:** 0001648403
**File Stem:** 0000940400-25-014947
**Filing Date:** 2025-12
**Character Count:** 23814
**Document Hash:** ef6c8264196bf8d1c9ff2fe29e34b563
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-25-014947.hdr.sgml**: 20251229

**ACCESSION NUMBER**: 0000940400-25-014947

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20251229

**DATE AS OF CHANGE**: 20251229

**PERIOD START**: 20260731

**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:** 251606221

**BUSINESS ADDRESS:**
- **STREET 1:** 1301 AVENUE OF THE AMERICAS
- **STREET 2:** 14TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10019
- **BUSINESS PHONE:** 212-593-4383

**MAIL ADDRESS:**
- **STREET 1:** 1301 AVENUE OF THE AMERICAS
- **STREET 2:** 14TH 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 Duff & Phelps Clean Energy ETF (Series ID: S000072510)

| Class ID   | Class Name                            | Ticker Symbol   |
|:---|:---|:---|
| C000228821 | Virtus Duff & Phelps Clean Energy ETF | VCLN            |

## Nport-Ex

Schedule of Investments - Virtus Duff & Phelps Clean Energy ETF

October 31, 2025 (unaudited)

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| **COMMON STOCKS - 98.2%** |  |  |
| **Energy - 3.1%** |  |  |
| Cameco Corp. (Canada) | 828 | $84630 |
| TC Energy Corp. (Canada) | 1555 | 78030 |
| Total Energy |  | 162660 |
| **Industrials - 38.8%** |  |  |
| ABB Ltd. (Switzerland) | 1085 | 80436 |
| Array Technologies, Inc.\* | 2680 | 23209 |
| Balfour Beatty PLC (United Kingdom) | 9982 | 88122 |
| Bloom Energy Corp. Class A\* | 3478 | 459653 |
| GE Vernova, Inc. | 114 | 66706 |
| Hubbell, Inc. | 177 | 83190 |
| Maire SpA (Italy) | 6112 | 92571 |
| NEXTracker, Inc. Class A\* | 3435 | 347691 |
| Plug Power, Inc.\* | 29686 | 79855 |
| Prysmian SpA (Italy) | 1150 | 119060 |
| SPIE SA (France) | 1432 | 72824 |
| Strabag SE (Austria) | 742 | 58072 |
| Sungrow Power Supply Co., Ltd. Class A (China) | 3520 | 93921 |
| Sunrun, Inc.\* | 4429 | 91946 |
| Vestas Wind Systems A/S (Denmark) | 11415 | 232477 |
| Xylem, Inc. | 357 | 53853 |
| Total Industrials |  | 2043586 |
| **Information Technology - 15.3%** |  |  |
| Enphase Energy, Inc.\* | 2893 | 88265 |
| First Solar, Inc.\* | 1574 | 420164 |
| Infineon Technologies AG (Germany) | 1754 | 69386 |
| SolarEdge Technologies, Inc.\* | 1492 | 52354 |
| TE Connectivity PLC (Switzerland) | 416 | 102756 |
| Xinyi Solar Holdings Ltd. (China) | 155461 | 71623 |
| Total Information Technology |  | 804548 |
| **Utilities - 41.0%** |  |  |
| Centrais Eletricas Brasileiras SA (Brazil) | 11500 | 119105 |
| China Longyuan Power Group Corp. Ltd. Class H (China) | 49000 | 45402 |
| China Yangtze Power Co., Ltd. Class A (China) | 38200 | 150901 |
| Chubu Electric Power Co., Inc. (Japan) | 8800 | 122484 |
| Cia de Saneamento Basico do Estado de Sao Paulo SABESP (Brazil) | 4200 | 102917 |
| Clearway Energy, Inc. Class C | 4480 | 143046 |
| Constellation Energy Corp. | 244 | 91988 |
| EDP Renovaveis SA (Spain) | 6392 | 93423 |
| EDP SA (Portugal) | 43031 | 213774 |
| Fortum OYJ (Finland) | 5009 | 111661 |
| Guangdong Investment Ltd. (China) | 68000 | 64670 |
| Iberdrola SA (Spain) | 13907 | 281564 |
| NextEra Energy, Inc. | 1328 | 108099 |
| Ormat Technologies, Inc. | 1416 | 150620 |
| Orsted AS (Denmark)\*<sup>(1)</sup> | 4007 | 71618 |
| Pennon Group PLC (United Kingdom) | 12835 | 87426 |
| Solaria Energia y Medio Ambiente SA (Spain)\* | 3941 | 68116 |
| Southern Co. (The) | 802 | 75420 |
| SSE PLC (United Kingdom) | 2401 | 60434 |
| Total Utilities |  | 2162668 |
| **Total Common Stocks** |  |  |
| (Cost $4,025,682) |  | **5173462** |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| **PREFERRED STOCK - 1.3%** |  |  |
| **Utilities - 1.3%** |  |  |
| Cia Energetica de Minas Gerais, 13.77% (Brazil) |  |  |
| (Cost $66,468) | 33933 | $71525 |
| **TOTAL INVESTMENTS - 99.5%** |  |  |
| (Cost $4,092,150) |  | **5244987** |
| Other Assets in Excess of Liabilities - 0.5% |  | 25574 |
| **Net Assets - 100.0%** |  | $**5270561** |

---

\* Non-income producing security.

(1) Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and may not be resold subject to that rule except to qualified institutional buyers. Unless otherwise noted, 144A securities are deemed to be liquid. At October 31, 2025, the aggregate value of these securities was $71,618, or 1.4% of net assets.

Schedule of Investments - Virtus Duff & Phelps Clean Energy ETF (continued)

October 31, 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 October 31, 2025.

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1** | **Level 2** | **Level 3** | **Total** |
| **Asset Valuation Inputs** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | $5173462 | $— | $— | $5173462 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Preferred Stock | 71525 |  |  | 71525 |
| **Total** | $**5244987** | $**—** | $**—** | $**5244987** |

---

## 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:** 1-888-383-0553

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

- **a. Name of Series:** Virtus Duff & Phelps Clean Energy ETF

- **b. EDGAR series identifier (if any):** S000072510

- **c. LEI of Series:** 549300DOWN7JGQW0Z967

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

- **a. Date of fiscal year-end:** 2026-07-31

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $5352657.49

**Total Liabilities:** $82092.86

**Net Assets:** $5270564.63

**Cash Not Reported:** $27922.38

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000228821 | 7.43%                | 7.80%                | 11.57%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $31059.81                | $490289.18                                 |
| Month 2  | $956610.32               | $-686798.35                                |
| Month 3  | $89312.26                | $457199.34                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| TC Energy Corp                 | TC Energy Corp                                         | CUSIP: 87807B107<br>LEI: 549300UGKOFV2IWJJG27 | Long             | EC               | CORP              | CA        |      1555 | NS      | $78029.95     | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Energy Corp      | Constellation Energy Corp                              | CUSIP: 21037T109<br>LEI: 549300F8Y20RYGNGV346 | Long             | EC               | CORP              | US        |       244 | NS      | $91988.00     | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| TE Connectivity PLC            | TE Connectivity PLC                                    | CUSIP: 000000000<br>LEI: 6367003TB6K484NFHE54 | Long             | EC               | CORP              | IE        |       416 | NS      | $102756.16    | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| EDP SA                         | EDP SA                                                 | CUSIP: 000000000<br>LEI: 529900CLC3WDMGI9VH80 | Long             | EC               | CORP              | PT        |     43031 | NS      | $213773.66    | 4.06%             |  |  |  | No            |                  1 | On Loan: No      |
| NextEra Energy Inc             | NextEra Energy Inc                                     | CUSIP: 65339F101<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EC               | CORP              | US        |      1328 | NS      | $108099.20    | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Bloom Energy Corp              | Bloom Energy Corp                                      | CUSIP: 093712107<br>LEI: 549300XB5J9BFW5JXV97 | Long             | EC               | CORP              | US        |      3478 | NS      | $459652.48    | 8.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Array Technologies Inc         | Array Technologies Inc                                 | CUSIP: 04271T100<br>LEI: 549300JM5FECYJQ85V37 | Long             | EC               | CORP              | US        |      2680 | NS      | $23208.80     | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Orsted AS                      | Orsted AS                                              | CUSIP: 000000000<br>LEI: W9NG6WMZIYEU8VEDOG48 | Long             | EC               | CORP              | DK        |      4007 | NS      | $71618.18     | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Enphase Energy Inc             | Enphase Energy Inc                                     | CUSIP: 29355A107<br>LEI: 5493008U7KIGMI59Z314 | Long             | EC               | CORP              | US        |      2893 | NS      | $88265.43     | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Plug Power Inc                 | Plug Power Inc                                         | CUSIP: 72919P202<br>LEI: 549300JPDKRSJ8JSM954 | Long             | EC               | CORP              | US        |     29686 | NS      | $79855.34     | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Cia Energetica de Minas Gerais | Cia Energetica de Minas Gerais                         | CUSIP: 000000000<br>LEI: 254900W703PXLDSEM056 | Long             | EP               | CORP              | BR        |     33933 | NS      | $71524.87     | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| China Yangtze Power Co Ltd     | China Yangtze Power Co Ltd                             | CUSIP: 000000000<br>LEI: 3003008VX8JFJXA6QP74 | Long             | EC               | CORP              | CN        |     38200 | NS      | $150901.12    | 2.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Balfour Beatty PLC             | Balfour Beatty PLC                                     | CUSIP: 000000000<br>LEI: CT4UIJ3TUKGYYHMENQ17 | Long             | EC               | CORP              | GB        |      9982 | NS      | $88121.60     | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Chubu Electric Power Co Inc    | Chubu Electric Power Co Inc                            | CUSIP: 000000000<br>LEI: 529900A76GOP0PGNHT63 | Long             | EC               | CORP              | JP        |      8800 | NS      | $122483.94    | 2.32%             |  |  |  | No            |                  1 | On Loan: No      |
| ABB Ltd                        | ABB Ltd                                                | CUSIP: 000000000<br>LEI: 5493000LKVGOO9PELI61 | Long             | EC               | CORP              | CH        |      1085 | NS      | $80436.28     | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Cia de Saneamento Basico do Es | Cia de Saneamento Basico do Estado de Sao Paulo SABESP | CUSIP: 000000000<br>LEI: 254900UOXRZRS2TNWP19 | Long             | EC               | CORP              | BR        |      4200 | NS      | $102916.57    | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Sungrow Power Supply Co Ltd    | Sungrow Power Supply Co Ltd                            | CUSIP: 000000000<br>LEI: 30030052IWC7RGVFG505 | Long             | EC               | CORP              | CN        |      3520 | NS      | $93920.77     | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| SPIE SA                        | SPIE SA                                                | CUSIP: 000000000<br>LEI: 969500TJNS5GSFWJ8X85 | Long             | EC               | CORP              | FR        |      1432 | NS      | $72823.91     | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Eletrobras SA                  | Centrais Eletricas Brasileiras SA                      | CUSIP: 000000000<br>LEI: 254900I8KYDELP4B4Z08 | Long             | EC               | CORP              | BR        |     11500 | NS      | $119105.20    | 2.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Ormat Technologies Inc         | Ormat Technologies Inc                                 | CUSIP: 686688102<br>LEI: 5493000TSHHWY24VHM09 | Long             | EC               | CORP              | US        |      1416 | NS      | $150619.92    | 2.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Hubbell Inc                    | Hubbell Inc                                            | CUSIP: 443510607<br>LEI: 54930088VDQ6840Y6597 | Long             | EC               | CORP              | US        |       177 | NS      | $83190.00     | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| SolarEdge Technologies Inc     | SolarEdge Technologies Inc                             | CUSIP: 83417M104<br>LEI: 5493000K6Y58XXPDF853 | Long             | EC               | CORP              | IL        |      1492 | NS      | $52354.28     | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Xylem Inc/NY                   | Xylem Inc/NY                                           | CUSIP: 98419M100<br>LEI: 549300DF5MV96DRYLQ48 | Long             | EC               | CORP              | US        |       357 | NS      | $53853.45     | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Clearway Energy Inc            | Clearway Energy Inc                                    | CUSIP: 18539C204<br>LEI: 549300LHAZ9HA9G3XC48 | Long             | EC               | CORP              | US        |      4480 | NS      | $143046.40    | 2.71%             |  |  |  | No            |                  1 | On Loan: No      |
| EDP Renovaveis SA              | EDP Renovaveis SA                                      | CUSIP: 000000000<br>LEI: 529900MUFAH07Q1TAX06 | Long             | EC               | CORP              | ES        |      6392 | NS      | $93422.50     | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Solaria Energia y Medio Ambien | Solaria Energia y Medio Ambiente SA                    | CUSIP: 000000000<br>LEI: 959800PM2YJU406K2789 | Long             | EC               | CORP              | ES        |      3941 | NS      | $68115.89     | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Maire SpA                      | Maire SpA                                              | CUSIP: 000000000<br>LEI: 815600D85A61200A1B83 | Long             | EC               | CORP              | IT        |      6112 | NS      | $92570.84     | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Sunrun Inc                     | Sunrun Inc                                             | CUSIP: 86771W105<br>LEI: 54930007SJ77CI66U531 | Long             | EC               | CORP              | US        |      4429 | NS      | $91946.04     | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Iberdrola SA                   | Iberdrola SA                                           | CUSIP: 000000000<br>LEI: 5QK37QC7NWOJ8D7WVQ45 | Long             | EC               | CORP              | ES        |     13907 | NS      | $281563.98    | 5.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Guangdong Investment Ltd       | Guangdong Investment Ltd                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | HK        |     68000 | NS      | $64669.81     | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortum Oyj                     | Fortum Oyj                                             | CUSIP: 000000000<br>LEI: 635400IUIZZIUJSAMF76 | Long             | EC               | CORP              | FI        |      5009 | NS      | $111661.38    | 2.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Vestas Wind Systems A/S        | Vestas Wind Systems A/S                                | CUSIP: 000000000<br>LEI: 549300DYMC8BGZZC8844 | Long             | EC               | CORP              | DK        |     11415 | NS      | $232477.37    | 4.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Prysmian SpA                   | Prysmian SpA                                           | CUSIP: 000000000<br>LEI: 529900X0H1IO3RS1A464 | Long             | EC               | CORP              | IT        |      1150 | NS      | $119060.13    | 2.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Cameco Corp                    | Cameco Corp                                            | CUSIP: 13321L108<br>LEI: N4BHALMXL3GMZKCUON55 | Long             | EC               | CORP              | CA        |       828 | NS      | $84629.88     | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Southern Co/The                | Southern Co/The                                        | CUSIP: 842587107<br>LEI: 549300FC3G3YU2FBZD92 | Long             | EC               | CORP              | US        |       802 | NS      | $75420.08     | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Strabag SE                     | Strabag SE                                             | CUSIP: 000000000<br>LEI: 529900TYYSRJH2VJSP60 | Long             | EC               | CORP              | AT        |       742 | NS      | $58072.32     | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| CHINA LONGYUAN                 | China Longyuan Power Group Corp Ltd                    | CUSIP: 000000000<br>LEI: 5299008UYLF3O6V9T464 | Long             | EC               | CORP              | CN        |     49000 | NS      | $45402.19     | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| NEXTracker Inc                 | NEXTracker Inc                                         | CUSIP: 65290E101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3435 | NS      | $347690.70    | 6.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Infineon Technologies AG       | Infineon Technologies AG                               | CUSIP: 000000000<br>LEI: TSI2PJM6EPETEQ4X1U25 | Long             | EC               | CORP              | DE        |      1754 | NS      | $69386.08     | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Xinyi Solar Holdings Ltd       | Xinyi Solar Holdings Ltd                               | CUSIP: 000000000<br>LEI: 529900QF7VIH03SB7Q08 | Long             | EC               | CORP              | CN        |    155461 | NS      | $71623.04     | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Pennon Group PLC               | Pennon Group PLC                                       | CUSIP: 000000000<br>LEI: 213800V1CCTS41GWH423 | Long             | EC               | CORP              | GB        |     12835 | NS      | $87425.91     | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| GE Vernova Inc                 | GE Vernova Inc                                         | CUSIP: 36828A101<br>LEI: 254900DP080RU6OK2553 | Long             | EC               | CORP              | US        |       114 | NS      | $66705.96     | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| SSE PLC                        | SSE PLC                                                | CUSIP: 000000000<br>LEI: 549300KI75VYLLMSK856 | Long             | EC               | CORP              | GB        |      2401 | NS      | $60434.26     | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| First Solar Inc                | First Solar Inc                                        | CUSIP: 336433107<br>LEI: 549300NPYMLM4NHTOF27 | Long             | EC               | CORP              | US        |      1574 | NS      | $420163.56    | 7.97%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-12-26

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

**Signature:** Brinton W. Frith

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

**Title:** Treasurer and Principal Financial Officer