# EDGAR Filing Document

**Accession Number:** 0001648403
**File Stem:** 0001752724-25-161514
**Filing Date:** 2025-6
**Character Count:** 24007
**Document Hash:** 9f8f01cdf42bcc744e728e08320386bd
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-161514.hdr.sgml**: 20250627

**ACCESSION NUMBER**: 0001752724-25-161514

**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:** 251083809

**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 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

April 30, 2025 (unaudited)

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| **COMMON STOCKS – 95.3%** |  |  |
| **Energy – 3.0%** |  |  |
| Cameco Corp. (Canada) | 1506 | $67996 |
| Technip Energies NV (France) | 2912 | 99296 |
| Total Energy |  | 167292 |
| **Industrials – 25.1%** |  |  |
| ABB Ltd. (Switzerland) | 1734 | 90739 |
| Array Technologies, Inc.\* | 4291 | 20511 |
| Balfour Beatty PLC (United Kingdom) | 15730 | 95928 |
| Bloom Energy Corp. Class A\* | 6980 | 127874 |
| BWX Technologies, Inc. | 761 | 83040 |
| GE Vernova, Inc. | 167 | 61927 |
| Hubbell, Inc. | 268 | 97332 |
| Maire SpA (Italy) | 9785 | 105307 |
| NEXTracker, Inc. Class A\* | 4907 | 199273 |
| Plug Power, Inc.\* | 25817 | 22528 |
| Prysmian SpA (Italy) | 1541 | 83690 |
| Sungrow Power Supply Co., Ltd. Class A (China) | 6320 | 52733 |
| Sunrun, Inc.\* | 4845 | 33382 |
| Vestas Wind Systems A/S (Denmark) | 18471 | 244617 |
| Xylem, Inc. | 574 | 69207 |
| Total Industrials |  | 1388088 |
| **Information Technology – 13.3%** |  |  |
| Enphase Energy, Inc.\* | 4183 | 186520 |
| First Solar, Inc.\* | 2998 | 377208 |
| Infineon Technologies AG (Germany) | 2326 | 76125 |
| TE Connectivity PLC (Switzerland) | 662 | 96904 |
| Total Information Technology |  | 736757 |
| **Materials – 1.0%** |  |  |
| MP Materials Corp.\* | 2129 | 52075 |
| **Utilities – 52.9%** |  |  |
| AES Corp. (The) | 4749 | 47490 |
| Alliant Energy Corp. | 1074 | 65557 |
| Centrais Eletricas Brasileiras SA (Brazil) | 21900 | 169600 |
| China Yangtze Power Co., Ltd. Class A (China) | 19200 | 77987 |
| Chubu Electric Power Co., Inc. (Japan) | 13500 | 174864 |
| Cia de Saneamento Basico do Estado de Sao Paulo SABESP (Brazil) | 7000 | 140477 |
| Clearway Energy, Inc. Class C | 6399 | 187747 |
| Constellation Energy Corp. | 444 | 99207 |
| EDP Renovaveis SA (Spain) | 5677 | 53089 |
| EDP SA (Portugal) | 56876 | 223965 |
| Fortum OYJ (Finland) | 12690 | 211972 |
| Guangdong Investment Ltd. (China) | 118000 | 95549 |
| Iberdrola SA (Spain) | 21737 | 391410 |
| NextEra Energy, Inc. | 1881 | 125801 |
| Orsted AS (Denmark)\*<sup>(1)</sup> | 2045 | 81254 |
| Pennon Group PLC (United Kingdom) | 20540 | 137141 |
| Redeia Corp. SA (Spain) | 4409 | 92403 |
| Solaria Energia y Medio Ambiente SA (Spain)\* | 6312 | 47437 |
| Southern Co. (The) | 1289 | 118446 |
| SSE PLC (United Kingdom) | 17016 | 383697 |
| Total Utilities |  | 2925093 |
| **Total Common Stocks** |  |  |
| (Cost $5,458,142) |  | **5269305** |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| **PREFERRED STOCK – 1.5%** |  |  |
| **Utilities – 1.5%** |  |  |
| Cia Energetica de Minas Gerais, 13.77% (Brazil) |  |  |
| (Cost $85,325) | 42397 | $81804 |
| **RIGHT – 0.0%<sup>(2)</sup>** |  |  |
| **Utilities – 0.0%<sup>(2)</sup>** |  |  |
| EDP Renovaveis SA (Spain), expiring 05/07/25\* |  |  |
| (Cost $543) | 5677 | 579 |
| **TOTAL INVESTMENTS - 96.8%** |  |  |
| (Cost $5,544,010) |  | **5351688** |
| Other Assets in Excess of Liabilities – 3.2% |  | 176172 |
| **Net Assets - 100.0%** |  | $**5527860** |

---

\* 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 April 30, 2025, the aggregate value of these securities was $81,254, or 1.5% of net assets.

(2) Amount rounds to less than 0.05%.

Schedule of Investments – Virtus Duff & Phelps Clean Energy 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;Common Stocks | $5269305 | $— | $— | $5269305 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Preferred Stock | 81804 |  |  | 81804 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Right | 579 |  |  | 579 |
| **Total** | $**5351688** | $**—** | $**—** | $**5351688** |

---

## 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 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:** 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:** $5531479.85

**Total Liabilities:** $3617.58

**Net Assets:** $5527862.27

**Cash Not Reported:** $67440.16

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000228821 | -2.57%               | 0.25%                | 2.57%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-50952.28               | $-92789.21                                 |
| Month 2  | $17200.64                | $4107.66                                   |
| Month 3  | $-40832.18               | $150420.87                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Alliant Energy Corp            | Alliant Energy Corp                                    | CUSIP: 018802108<br>LEI: 5493009ML300G373MZ12 | Long             | EC               | CORP              | US        |      1074 | NS      | $65556.96     | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Energy Corp      | Constellation Energy Corp                              | CUSIP: 21037T109<br>LEI: 549300F8Y20RYGNGV346 | Long             | EC               | CORP              | US        |       444 | NS      | $99207.36     | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| TE Connectivity PLC            | TE Connectivity PLC                                    | CUSIP: 000000000<br>LEI: 6367003TB6K484NFHE54 | Long             | EC               | CORP              | IE        |       662 | NS      | $96903.56     | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| EDP SA                         | EDP SA                                                 | CUSIP: 000000000<br>LEI: 529900CLC3WDMGI9VH80 | Long             | EC               | CORP              | PT        |     56876 | NS      | $223965.40    | 4.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Bloom Energy Corp              | Bloom Energy Corp                                      | CUSIP: 093712107<br>LEI: 549300XB5J9BFW5JXV97 | Long             | EC               | CORP              | US        |      6980 | NS      | $127873.60    | 2.31%             |  |  |  | No            |                  1 | On Loan: No      |
| NextEra Energy Inc             | NextEra Energy Inc                                     | CUSIP: 65339F101<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EC               | CORP              | US        |      1881 | NS      | $125801.28    | 2.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Redeia Corp SA                 | Redeia Corp SA                                         | CUSIP: 000000000<br>LEI: 5493009HMD0C90GUV498 | Long             | EC               | CORP              | ES        |      4409 | NS      | $92402.55     | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| AES Corp/The                   | AES Corp/The                                           | CUSIP: 00130H105<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | EC               | CORP              | US        |      4749 | NS      | $47490.00     | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Array Technologies Inc         | Array Technologies Inc                                 | CUSIP: 04271T100<br>LEI: 549300JM5FECYJQ85V37 | Long             | EC               | CORP              | US        |      4291 | NS      | $20510.98     | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Enphase Energy Inc             | Enphase Energy Inc                                     | CUSIP: 29355A107<br>LEI: 5493008U7KIGMI59Z314 | Long             | EC               | CORP              | US        |      4183 | NS      | $186519.97    | 3.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Orsted AS                      | Orsted AS                                              | CUSIP: 000000000<br>LEI: W9NG6WMZIYEU8VEDOG48 | Long             | EC               | CORP              | DK        |      2045 | NS      | $81253.76     | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| China Yangtze Power Co Ltd     | China Yangtze Power Co Ltd                             | CUSIP: 000000000<br>LEI: 3003008VX8JFJXA6QP74 | Long             | EC               | CORP              | CN        |     19200 | NS      | $77986.45     | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Plug Power Inc                 | Plug Power Inc                                         | CUSIP: 72919P202<br>LEI: 549300JPDKRSJ8JSM954 | Long             | EC               | CORP              | US        |     25817 | NS      | $22527.91     | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Cia Energetica de Minas Gerais | Cia Energetica de Minas Gerais                         | CUSIP: 000000000<br>LEI: 254900W703PXLDSEM056 | Long             | EP               | CORP              | BR        |     42397 | NS      | $81803.50     | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Balfour Beatty PLC             | Balfour Beatty PLC                                     | CUSIP: 000000000<br>LEI: CT4UIJ3TUKGYYHMENQ17 | Long             | EC               | CORP              | GB        |     15730 | NS      | $95927.93     | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Chubu Electric Power Co Inc    | Chubu Electric Power Co Inc                            | CUSIP: 000000000<br>LEI: 529900A76GOP0PGNHT63 | Long             | EC               | CORP              | JP        |     13500 | NS      | $174863.62    | 3.16%             |  |  |  | No            |                  1 | On Loan: No      |
| ABB Ltd                        | ABB Ltd                                                | CUSIP: 000000000<br>LEI: 5493000LKVGOO9PELI61 | Long             | EC               | CORP              | CH        |      1734 | NS      | $90739.03     | 1.64%             |  |  |  | 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        |      7000 | NS      | $140477.34    | 2.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Eletrobras SA                  | Centrais Eletricas Brasileiras SA                      | CUSIP: 000000000<br>LEI: 254900I8KYDELP4B4Z08 | Long             | EC               | CORP              | BR        |     21900 | NS      | $169599.92    | 3.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Sungrow Power Supply Co Ltd    | Sungrow Power Supply Co Ltd                            | CUSIP: 000000000<br>LEI: 30030052IWC7RGVFG505 | Long             | EC               | CORP              | CN        |      6320 | NS      | $52733.38     | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Technip Energies NV            | Technip Energies NV                                    | CUSIP: 000000000<br>LEI: 724500FLODI49NSCIP70 | Long             | EC               | CORP              | FR        |      2912 | NS      | $99295.59     | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Hubbell Inc                    | Hubbell Inc                                            | CUSIP: 443510607<br>LEI: 54930088VDQ6840Y6597 | Long             | EC               | CORP              | US        |       268 | NS      | $97332.24     | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Cameco Corp                    | Cameco Corp                                            | CUSIP: 13321L108<br>LEI: N4BHALMXL3GMZKCUON55 | Long             | EC               | CORP              | CA        |      1506 | NS      | $67995.90     | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Clearway Energy Inc            | Clearway Energy Inc                                    | CUSIP: 18539C204<br>LEI: 549300LHAZ9HA9G3XC48 | Long             | EC               | CORP              | US        |      6399 | NS      | $187746.66    | 3.40%             |  |  |  | No            |                  1 | On Loan: No      |
| EDP Renovaveis SA              | EDP Renovaveis SA                                      | CUSIP: 000000000<br>LEI: 529900MUFAH07Q1TAX06 | Long             | EC               | CORP              | ES        |      5677 | NS      | $53089.44     | 0.96%             |  |  |  | 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        |      6312 | NS      | $47436.71     | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Maire SpA                      | Maire SpA                                              | CUSIP: 000000000<br>LEI: 815600D85A61200A1B83 | Long             | EC               | CORP              | IT        |      9785 | NS      | $105306.83    | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |
| MP Materials Corp              | MP Materials Corp                                      | CUSIP: 553368101<br>LEI: 89450063PHPS61USMT84 | Long             | EC               | CORP              | US        |      2129 | NS      | $52075.34     | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Guangdong Investment Ltd       | Guangdong Investment Ltd                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | HK        |    118000 | NS      | $95549.02     | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Sunrun Inc                     | Sunrun Inc                                             | CUSIP: 86771W105<br>LEI: 54930007SJ77CI66U531 | Long             | EC               | CORP              | US        |      4845 | NS      | $33382.05     | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Iberdrola SA                   | Iberdrola SA                                           | CUSIP: 000000000<br>LEI: 5QK37QC7NWOJ8D7WVQ45 | Long             | EC               | CORP              | ES        |     21737 | NS      | $391410.31    | 7.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortum Oyj                     | Fortum Oyj                                             | CUSIP: 000000000<br>LEI: 635400IUIZZIUJSAMF76 | Long             | EC               | CORP              | FI        |     12690 | NS      | $211972.01    | 3.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Vestas Wind Systems A/S        | Vestas Wind Systems A/S                                | CUSIP: 000000000<br>LEI: 549300DYMC8BGZZC8844 | Long             | EC               | CORP              | DK        |     18471 | NS      | $244616.70    | 4.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Xylem Inc/NY                   | Xylem Inc/NY                                           | CUSIP: 98419M100<br>LEI: 549300DF5MV96DRYLQ48 | Long             | EC               | CORP              | US        |       574 | NS      | $69207.18     | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Southern Co/The                | Southern Co/The                                        | CUSIP: 842587107<br>LEI: 549300FC3G3YU2FBZD92 | Long             | EC               | CORP              | US        |      1289 | NS      | $118446.21    | 2.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Prysmian SpA                   | Prysmian SpA                                           | CUSIP: 000000000<br>LEI: 529900X0H1IO3RS1A464 | Long             | EC               | CORP              | IT        |      1541 | NS      | $83689.85     | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| NEXTracker Inc                 | NEXTracker Inc                                         | CUSIP: 65290E101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4907 | NS      | $199273.27    | 3.60%             |  |  |  | No            |                  1 | On Loan: No      |
| EDP Renovaveis SA              | EDP Renovaveis SA                                      | CUSIP: 000000000<br>LEI: 529900MUFAH07Q1TAX06 | Long             | EC               | CORP              | ES        |      5677 | NS      | $578.81       | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Infineon Technologies AG       | Infineon Technologies AG                               | CUSIP: 000000000<br>LEI: TSI2PJM6EPETEQ4X1U25 | Long             | EC               | CORP              | DE        |      2326 | NS      | $76125.36     | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| BWX Technologies Inc           | BWX Technologies Inc                                   | CUSIP: 05605H100<br>LEI: 549300NP85N265KWMS58 | Long             | EC               | CORP              | US        |       761 | NS      | $83040.32     | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Pennon Group PLC               | Pennon Group PLC                                       | CUSIP: 000000000<br>LEI: 213800V1CCTS41GWH423 | Long             | EC               | CORP              | GB        |     20540 | NS      | $137141.37    | 2.48%             |  |  |  | No            |                  1 | On Loan: No      |
| GE Vernova Inc                 | GE Vernova Inc                                         | CUSIP: 36828A101<br>LEI: 254900DP080RU6OK2553 | Long             | EC               | CORP              | US        |       167 | NS      | $61926.94     | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| SSE PLC                        | SSE PLC                                                | CUSIP: 000000000<br>LEI: 549300KI75VYLLMSK856 | Long             | EC               | CORP              | GB        |     17016 | NS      | $383696.79    | 6.94%             |  |  |  | No            |                  1 | On Loan: No      |
| First Solar Inc                | First Solar Inc                                        | CUSIP: 336433107<br>LEI: 549300NPYMLM4NHTOF27 | Long             | EC               | CORP              | US        |      2998 | NS      | $377208.36    | 6.82%             |  |  |  | No            |                  1 | 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