# EDGAR Filing Document

**Accession Number:** 0001648403
**File Stem:** 0000940400-26-026139
**Filing Date:** 2026-6
**Character Count:** 72133
**Document Hash:** 07d8583feed3c3c298d8658395460cdf
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-026139.hdr.sgml**: 20260626

**ACCESSION NUMBER**: 0000940400-26-026139

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260430

**FILED AS OF DATE**: 20260626

**DATE AS OF CHANGE**: 20260626

**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:** 261128382

**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 Newfleet Securitized Income ETF (Series ID: S000070567)

| Class ID   | Class Name                             | Ticker Symbol   |
|:---|:---|:---|
| C000224134 | Virtus Newfleet Securitized Income ETF | VABS            |

## Nport-Ex

Schedule of Investments - Virtus Newfleet Securitized Income ETF

April 30, 2026 (unaudited)

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal** | **Value** |
| **ASSET BACKED SECURITIES – 64.8%** |  |  |
| ACM Auto Trust, Class A, Series 2025-2A, 5.55%, 06/20/28<sup>(1)</sup> | $362867 | $363496 |
| Affirm Master Trust, Class A, Series 2025-3A, 4.45%, 10/16/34<sup>(1)</sup> | 580000 | 578710 |
| American Credit Acceptance Receivables Trust, Class C, Series 2025-1, 5.09%, 08/12/31<sup>(1)</sup> | 785000 | 789111 |
| Amur Equipment Finance Receivables XV LLC, Class D, Series 2025-1A, 5.68%, 08/20/32<sup>(1)</sup> | 1005000 | 1016453 |
| Applebee's Funding LLC / Ihop Funding LLC, Class A2, Series 2023-1A, 7.82%, 03/05/53<sup>(1)</sup> | 1185000 | 1197723 |
| Aqua Finance Trust, Class B, Series 2024-A, 5.06%, 04/18/50<sup>(1)</sup> | 145000 | 144556 |
| Aqua Finance Trust, Class C, Series 2019-A, 4.01%, 07/16/40<sup>(1)</sup> | 43649 | 42703 |
| Auxilior Term Funding, Class B, Series 2024-1A, 5.69%, 07/15/31<sup>(1)</sup> | 88000 | 89498 |
| Avis Budget Rental Car Funding Aesop LLC, Class D, Series 2024-2A, 7.43%, 10/20/28<sup>(1)</sup> | 1300000 | 1316728 |
| Carvana Auto Receivables Trust, Class B, Series 2024-N1, 5.63%, 05/10/30<sup>(1)</sup> | 146000 | 146823 |
| Castlelake Aircraft Structured Trust, Class A, Series 2025-1A, 5.78%, 02/15/50<sup>(1)</sup> | 900754 | 908374 |
| Commercial Equipment Finance LLC, Class A, Series 2024-1A, 5.97%, 07/16/29<sup>(1)</sup> | 116550 | 117177 |
| CPS Auto Receivables Trust, Class C, Series 2024-C, 5.76%, 10/15/30<sup>(1)</sup> | 145000 | 146303 |
| CPS Auto Receivables Trust, Class C, Series 2025-A, 5.25%, 04/15/31<sup>(1)</sup> | 1250000 | 1260102 |
| CPS Auto Receivables Trust, Class D, Series 2023-D, 7.80%, 01/15/30<sup>(1)</sup> | 535000 | 554190 |
| Databank Issuer, Class A2, Series 2026-1A, 5.81%, 02/25/56<sup>(1)</sup> | 825000 | 827151 |
| DB Master Finance LLC, Class A2I, Series 2025-1A, 4.89%, 08/20/55<sup>(1)</sup> | 1246875 | 1237779 |
| Exeter Automobile Receivables Trust, Class D, Series 2025-3A, 5.57%, 10/15/31 | 1200000 | 1211852 |
| FHF Trust, Class A2, Series 2023-1A, 6.57%, 06/15/28<sup>(1)</sup> | 1852 | 1858 |
| FHF Trust, Class B, Series 2026-1A, 5.77%, 02/17/32<sup>(1)</sup> | 800000 | 806776 |
| Finbe USA Trust, Class B, Series 2025-1A, 6.60%, 12/16/30<sup>(1)</sup> | 800000 | 785032 |
| Five Guys Holdings, Inc., Class A2, Series 2023-1A, 7.55%, 01/26/54<sup>(1)</sup> | 896350 | 912695 |
| Flagship Credit Auto Trust, Class C, Series 2023-2, 5.81%, 05/15/29<sup>(1)</sup> | 910000 | 914232 |
| Flagship Credit Auto Trust, Class D, Series 2024-1, 6.30%, 04/15/30<sup>(1)</sup> | 775000 | 730412 |
| GLS Auto Receivables Issuer Trust, Class E, Series 2021-3A, 3.20%, 10/16/28<sup>(1)</sup> | 550000 | 549739 |

---

---

| | | |
|:---|:---|:---|
| **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 | $312462 |
| GLS Auto Select Receivables Trust, Class D, Series 2025-2A, 5.59%, 01/15/31<sup>(1)</sup> | 425000 | 431421 |
| GLS Auto Select Receivables Trust, Class D, Series 2026-1A, 5.02%, 12/15/31<sup>(1)</sup> | 1180000 | 1174095 |
| Greensky Home Improvement Issuer Trust, Class A2, Series 2024-2, 5.25%, 10/27/59<sup>(1)</sup> | 35210 | 35263 |
| Greensky Home Improvement Issuer Trust, Class B, Series 2025-3A, 4.66%, 12/27/60<sup>(1)</sup> | 350000 | 349038 |
| Hardee's Funding LLC, Class A2, Series 2024-1A, 7.25%, 03/20/54<sup>(1)</sup> | 1092700 | 1120068 |
| Hilton Grand Vacations Trust, Class B, Series 2026-1A, 5.01%, 02/25/43<sup>(1)</sup> | 400000 | 400140 |
| Hilton Grand Vacations Trust, Class D, Series 2024-1B, 8.85%, 09/15/39<sup>(1)</sup> | 427563 | 439784 |
| Jersey Mike's Funding LLC, Class A2, Series 2024-1A, 5.64%, 02/15/55<sup>(1)</sup> | 1207800 | 1222428 |
| LAD Auto Receivables Trust, Class D, Series 2025-1A, 5.52%, 05/17/32<sup>(1)</sup> | 995000 | 1006347 |
| Lendbuzz Securitization Trust, Class A2, Series 2023-2A, 7.09%, 10/16/28<sup>(1)</sup> | 24046 | 24296 |
| Lendbuzz Securitization Trust, Class B, Series 2024-3A, 5.03%, 11/15/30<sup>(1)</sup> | 1900000 | 1894501 |
| Libra Solutions LLC, Class A, Series 2024-1A, 5.88%, 09/30/38<sup>(1)</sup> | 165000 | 164617 |
| Libra Solutions LLC, Class A, Series 2025-1A, 6.36%, 08/15/39<sup>(1)</sup> | 600000 | 600226 |
| Merchants Fleet Funding LLC, Class A, Series 2023-1A, 7.21%, 05/20/36<sup>(1)</sup> | 41698 | 41766 |
| Mercury Financial Credit Card Master Trust, Class A, Series 2024-2A, 6.56%, 07/20/29<sup>(1)</sup> | 380000 | 380378 |
| Metronet Infrastructure Issuer LLC, Class A2, Series 2025-2A, 5.40%, 08/20/55<sup>(1)</sup> | 1375000 | 1387578 |
| Mission Lane Credit Card Master Trust, Class A, Series 2026-A, 4.95%, 07/15/32<sup>(1)</sup> | 600000 | 600563 |
| MMP Capital LLC, Class B, Series 2025-A, 5.72%, 12/15/31<sup>(1)</sup> | 2100000 | 2117985 |
| Momnt Technologies Trust, Class A, Series 2023-1A, 6.92%, 03/20/45<sup>(1)</sup> | 11983 | 12003 |
| Mpower Education Trust, Class A, Series 2025-A, 6.62%, 07/21/42<sup>(1)</sup> | 368038 | 373993 |
| Mvw LLC, Class A, Series 2020-1A, 1.74%, 10/20/37<sup>(1)</sup> | 184761 | 183349 |
| Nmef Funding LLC, Class B, Series 2025-A, 5.18%, 07/15/32<sup>(1)</sup> | 190000 | 191104 |
| Oportun Issuance Trust, Class B, Series 2024-2, 5.83%, 02/09/32<sup>(1)</sup> | 20535 | 20544 |
| Peac Solutions Receivables LLC, Class C, Series 2025-1A, 5.49%, 07/20/32<sup>(1)</sup> | 1000000 | 1011323 |

---

Schedule of Investments - Virtus Newfleet Securitized Income ETF (continued)

April 30, 2026 (unaudited)

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal** | **Value** |
| **ASSET BACKED SECURITIES (continued)** |  |  |
| Post Road Equipment Finance LLC, Class C, Series 2026-1A, 5.12%, 06/15/33<sup>(1)</sup> | $785000 | $784289 |
| Powerpay Issuance Trust, Class A, Series 2024-1A, 6.53%, 02/18/39<sup>(1)</sup> | 598443 | 609413 |
| Powerpay Issuance Trust, Class A, Series 2025-1A, 5.23%, 11/18/41<sup>(1)</sup> | 304903 | 303765 |
| Prestige Auto Receivables Trust, Class C, Series 2025-1A, 5.52%, 02/15/30<sup>(1)</sup> | 2000000 | 2011317 |
| RCKT Mortgage Trust, Class A1A, Series 2023-CES3, 7.11%, 11/25/43<sup>(1)(2)(3)</sup> | 1244304 | 1253792 |
| Reach ABS Trust, Class A, Series 2025-1A, 4.96%, 08/16/32<sup>(1)</sup> | 109520 | 109716 |
| Reach ABS Trust, Class B, Series 2024-1A, 6.29%, 02/18/31<sup>(1)</sup> | 98588 | 99113 |
| Reach ABS Trust, Class B, Series 2024-2A, 5.84%, 07/15/31<sup>(1)</sup> | 100000 | 100816 |
| Santander Mortgage Asset Receivable Trust, Class A1A, Series 2025-CES1, 5.04%, 09/25/55<sup>(1) (6)</sup> | 602547 | 600482 |
| Sierra Timeshare Receivables Funding LLC, Class A, Series 2025-3A, 4.44%, 08/22/44<sup>(1)</sup> | 609511 | 604914 |
| Sotheby's Artfi Master Trust, Class A1, Series 2026-1A, 4.80%, 06/20/33<sup>(1)</sup> | 825000 | 823649 |
| Star Trust, Class A, Series 2025-SFR5, 5.11%, (1-Month SOFR + 1.45%), 02/17/42<sup>(1)(2)</sup> | 1647825 | 1648290 |
| Subway Funding LLC, Class A2II, Series 2024-1A, 6.27%, 07/30/54<sup>(1)</sup> | 985000 | 992722 |
| Switch ABS Issuer LLC, Class A2, Series 2024-2A, 5.44%, 06/25/54<sup>(1)</sup> | 1000000 | 993038 |
| Switch ABS Issuer LLC, Class A2, Series 2025-1A, 5.04%, 03/25/55<sup>(1)</sup> | 1000000 | 971492 |
| Taco Bell Funding LLC, Class A2I, Series 2025-1A, 4.82%, 08/25/55<sup>(1)</sup> | 2100000 | 2080731 |
| Tricolor Auto Securitization Trust, Class C, Series 2024-2A, 6.93%, 04/17/28<sup>(1)(4)(5)</sup> | 325000 | 159250 |
| TSC SPV Funding LLC, Class A2, Series 2024-1A, 6.29%, 08/20/54<sup>(1)</sup> | 98750 | 99462 |
| United Auto Credit Securitization Trust, Class C, Series 2024-1, 7.06%, 10/10/29<sup>(1)</sup> | 9706 | 9712 |
| United Auto Credit Securitization Trust, Class D, Series 2022-2, 6.84%, 01/10/28<sup>(1)</sup> | 91297 | 91582 |
| Upg Hi Trust, Class A, Series 2026-1, 5.03%, 02/25/48<sup>(1)</sup> | 545000 | 544969 |
| Upgrade Master Pass-Through Trust, Class A, Series 2025-ST4, 5.50%, 08/16/32<sup>(1)</sup> | 215833 | 216290 |
| Upstart Securitization Trust, Class B, Series 2026-1, 4.98%, 03/20/36<sup>(1)</sup> | 600000 | 598866 |
| Upx Hil Issuer Trust, Class A, Series 2025-1, 5.16%, 01/25/47<sup>(1)</sup> | 399867 | 399086 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal** | **Value** |
| **ASSET BACKED SECURITIES (continued)** |  |  |
| US Bank NA, Class C, Series 2026-RVM1, 5.60%, 12/25/46<sup>(1)</sup> | $763497 | $757260 |
| Veros Auto Receivables Trust, Class C, Series 2024-1, 7.57%, 12/15/28<sup>(1)</sup> | 195000 | 199695 |
| Veros Auto Receivables Trust, Class C, Series 2025-1, 6.17%, 12/17/29<sup>(1)</sup> | 1495000 | 1511386 |
| Westlake Automobile Receivables Trust, Class B, Series 2024-2A, 5.62%, 03/15/30<sup>(1)</sup> | 110000 | 110655 |
| ZAXBY'S Funding LLC, Class A2, Series 2021-1A, 3.24%, 07/30/51<sup>(1)</sup> | 147638 | 140830 |
| **Total Asset Backed Securities** |  |  |
| (Cost $51,315,649) |  | **50971327** |
| **MORTGAGE BACKED SECURITIES - 34.5%** |  |  |
| **Agency Mortgage Backed Security - 4.4%** |  |  |
| Federal Home Loan Mortgage Corporation, 6.00%, 12/01/54 | 3427538 | 3501790 |
| **Commercial Mortgage Backed Securities - 4.5%** |  |  |
| Ala Trust, Class A, Series 2025-OANA, 5.40%, (1-Month SOFR + 1.74%), 06/15/40<sup>(1)(2)</sup> | 1390000 | 1397314 |
| Ride, Class C, Series 2025-SHRE, 6.32%, 02/14/47<sup>(1)(2)(3)</sup> | 990000 | 1005446 |
| Thpt Mortgage Trust, Class A, Series 2023-THL, 7.23%, 12/10/34<sup>(1)(2)(3)</sup> | 125047 | 125422 |
| Wstn Trust, Class C, Series 2023-MAUI, 7.96%, 07/05/37<sup>(1)(2)(3)</sup> | 1000000 | 1012717 |
| Total Commercial Mortgage Backed Securities |  | 3540899 |
| **Residential Mortgage Backed Securities - 25.6%** |  |  |
| A&D Mortgage Trust, Class A1, Series 2023-NQM3, 6.73%, 07/25/68<sup>(1)(6)</sup> | 101671 | 101960 |
| Angel Oak Mortgage Trust, Class A2, Series 2021-3, 1.31%, 05/25/66<sup>(1)(2)(3)</sup> | 43279 | 37955 |
| Aspire Mortgage Trust, Class A1, Series 2026-1, 4.86%, 01/25/66<sup>(1)(2)(3)</sup> | 563427 | 560456 |
| Citigroup Mortgage Loan Trust, Class A2, Series 2025-INV1, 6.00%, 01/25/55<sup>(1)(2)(3)</sup> | 1023965 | 1036489 |
| Citigroup Mortgage Loan Trust, Class A1, Series 2019-RP1, 3.50%, 01/25/66<sup>(1)(2)(3)</sup> | 383276 | 376171 |
| COLT Mortgage Loan Trust, Class A1, Series 2023-3, 7.18%, 09/25/68<sup>(1)(6)</sup> | 314548 | 316486 |
| COLT Mortgage Loan Trust, Class A1, Series 2023-4, 7.16%, 10/25/68<sup>(1)(6)</sup> | 47723 | 48103 |
| Colt Trust, Class A1, Series 2021-RPL1, 1.67%, 09/25/61<sup>(1)(2)(3)</sup> | 142264 | 131587 |
| Coopr Residential Mortgage Trust, Class A1A, Series 2025-CES1, 5.65%, 05/25/60<sup>(1)(6)</sup> | 1304861 | 1313578 |

---

Schedule of Investments - Virtus Newfleet Securitized Income ETF (continued)

April 30, 2026 (unaudited)

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal** | **Value** |
| **MORTGAGE BACKED SECURITIES (continued)** |  |  |
| **Residential Mortgage Backed Securities (continued)** |  |  |
| Coopr Residential Mortgage Trust, Class A1A, Series 2025-CES2, 5.50%, 06/25/60<sup>(1)(6)</sup> | $459380 | $461588 |
| Coopr Residential Mortgage Trust, Class A1A, Series 2025-CES3, 4.84%, 09/25/60<sup>(1)(6)</sup> | 1349798 | 1340524 |
| Corevest American Finance Trust, Class A, Series 2022-1, 4.74%, 06/17/55<sup>(1)(2)(3)</sup> | 138762 | 139414 |
| CSMC Trust, Class A1, Series 2017-RPL1, 2.75%, 07/25/57<sup>(1)(2)(3)</sup> | 763979 | 750443 |
| CSMC Trust, Class A1, Series 2020-RPL4, 2.00%, 01/25/60<sup>(1)(2)(3)</sup> | 611441 | 552894 |
| Deephaven Residential Mortgage Trust, Class A1, Series 2021-4, 1.93%, 11/25/66<sup>(1)(2)(3)</sup> | 56289 | 49978 |
| Ellington Financial Mortgage Trust, Class A1, Series 2020-2, 1.18%, 10/25/65<sup>(1)(2)(3)</sup> | 76670 | 73148 |
| Ellington Financial Mortgage Trust, Class A2, Series 2021-1, 1.00%, 02/25/66<sup>(1)(2)(3)</sup> | 33744 | 29631 |
| Ellington Financial Mortgage Trust, Class A1, Series 2025-NQM2, 5.60%, 06/25/70<sup>(1)(2)(3)</sup> | 1009990 | 1016313 |
| FirstKey Homes Trust, Class D, Series 2021-SFR1, 2.19%, 08/17/38<sup>(1)</sup> | 795000 | 788091 |
| J.P. Morgan Mortgage Trust, Class A1, Series 2025-CES1, 5.67%, 05/25/55<sup>(1)(2)(3)</sup> | 320348 | 321729 |
| J.P. Morgan Mortgage Trust, Class A1, Series 2025-CES2, 5.59%, 06/25/55<sup>(1)(2)(3)</sup> | 1207218 | 1212025 |
| JPMorgan Trust, Class A2, Series 2015-5, 5.21%, 05/25/45<sup>(1)(2)(3)</sup> | 178751 | 178470 |
| MetLife Securitization Trust, Class A1A, Series 2019-1A, 3.75%, 04/25/58<sup>(1)(2)(3)</sup> | 57034 | 56473 |
| MFA Trust, Class A1, Series 2023-INV2, 6.78%, 10/25/58<sup>(1)(6)</sup> | 286080 | 287566 |
| MFA Trust, Class A1, Series 2024-NQM2, 5.27%, 08/25/69<sup>(1)(6)</sup> | 814113 | 815729 |
| MFA Trust, Class A1, Series 2025-NQM5, 5.19%, 11/25/70<sup>(1)(2)(3)</sup> | 579203 | 579853 |
| Mill City Mortgage Loan Trust, Class A1, Series 2019-GS2, 2.75%, 08/25/59<sup>(1)(2)(3)</sup> | 297800 | 290978 |
| New Residential Mortgage Loan Trust, Class A3, Series 2017-2A, 4.00%, 03/25/57<sup>(1)(2)(3)</sup> | 18364 | 17814 |
| New Residential Mortgage Loan Trust, Class A1, Series 2024-NQM3, 5.47%, 11/25/64<sup>(1)(6)</sup> | 79608 | 80322 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Principal** | **Value** |
| **MORTGAGE BACKED SECURITIES (continued)** |  |  |
| **Residential Mortgage Backed Securities (continued)** |  |  |
| New Residential Mortgage Loan Trust, Class A1, Series 2026-NQM3, 4.83%, 02/25/66<sup>(1)(2)(3)</sup> | $787641 | $782457 |
| OBX Trust, Class A1, Series 2024-HYB1, 3.64%, 03/25/53<sup>(1)(2)(3)</sup> | 2049391 | 2053332 |
| OBX Trust, Class A2, Series 2018-1, 4.42%, (1-Month SOFR + 0.76%), 06/25/57<sup>(1)(2)</sup> | 17786 | 17659 |
| OBX Trust, Class A1A, Series 2023-NQM5, 6.57%, 06/25/63<sup>(1)(6)</sup> | 109051 | 109031 |
| OBX Trust, Class A1, Series 2023-NQM9, 7.16%, 10/25/63<sup>(1)(6)</sup> | 251259 | 253202 |
| OBX Trust, Class A1, Series 2023-NQM1, 5.93%, 11/25/63<sup>(1)(6)</sup> | 52192 | 52418 |
| OBX Trust, Class A1, Series 2024-NQM9, 6.03%, 01/25/64<sup>(1)(6)</sup> | 1056601 | 1065832 |
| OBX Trust, Class A1, Series 2026-NQM5, 5.32%, 01/25/66<sup>(1)(2)(3)</sup> | 567886 | 570893 |
| RCKT Mortgage Trust, Class A1A, Series 2023-CES2, 6.81%, 09/25/43<sup>(1)(2)(3)</sup> | 46737 | 46922 |
| RCKT Mortgage Trust, Class A1A, Series 2024-CES8, 5.49%, 11/25/44<sup>(1)(6)</sup> | 1170037 | 1174763 |
| Residential Mortgage Loan Trust, Class A1, Series 2020-1, 2.38%, 01/26/60<sup>(1)(2)(3)</sup> | 399 | 398 |
| Starwood Mortgage Residential Trust, Class A1, Series 2020-1, 2.28%, 02/25/50<sup>(1)(2)(3)</sup> | 36801 | 35565 |
| Starwood Mortgage Residential Trust, Class A1, Series 2021-3, 1.13%, 06/25/56<sup>(1)(2)(3)</sup> | 448744 | 390940 |
| Towd Point Mortgage Trust, Class A2, Series 2017-6, 3.00%, 10/25/57<sup>(1)(2)(3)</sup> | 420000 | 405159 |
| Verus Securitization Trust, Class A1, Series 2023-8, 6.26%, 12/25/68<sup>(1)(6)</sup> | 124417 | 125218 |
| Visio Trust, Class A1, Series 2020-1R, 1.31%, 11/25/55<sup>(1)</sup> | 37534 | 36449 |
| Total Residential Mortgage Backed Securities |  | 20086006 |
| **Total Mortgage Backed Securities** |  |  |
| (Cost $27,045,632) |  | **27128695** |
| **CORPORATE BOND – 0.3%** |  |  |
| **Industrials – 0.3%** |  |  |
| Alaska Airlines Pass-Through Trust, Class A, Series 2020-1, 4.80%, 08/15/27<sup>(1)</sup> |  |  |
| (Cost $209,545) | 210480 | **210656** |
| **TOTAL INVESTMENTS - 99.6%** |  |  |
| (Cost $78,570,826) |  | **78310678** |
| Other Assets in Excess of Liabilities - 0.4% |  | 280765 |
| **Net Assets - 100.0%** |  | $**78591443** |

---

Schedule of Investments - Virtus Newfleet Securitized Income ETF (continued)

April 30, 2026 (unaudited)

(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, 2026, the aggregate
 value of these securities was $73,597,036, or 93.6% of net assets.

(2) Variable rate
 instrument. The interest rate shown reflects the rate in effect at April 30, 2026.

(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) Security valued
 at fair value as determined in good faith by or under the direction of the Trustees. This security is disclosed as a Level
 3 security in the Fair Value Hierarchy table located after the Schedule of Investments.

(5) Security in default,
 no interest payments are being received.

(6) Represents step
 coupon bond. Rate shown reflects the rate in effect as of April 30, 2026.

---

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

---

**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, 2026.

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1** | **Level 2** | **Level 3** | **Total** |
| **Asset Valuation Inputs** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Asset Backed Securities | $— | $50812077 | $159250 | $50971327 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mortgage Backed Securities |  | 27128695 |  | 27128695 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Corporate Bond |  | 210656 |  | 210656 |
| **Total** | $**—** | $**78151428** | $**159250** | $**78310678** |

---

Schedule of Investments - Virtus Newfleet Securitized Income ETF (continued)

April 30, 2026 (unaudited)

Some of the Fund's investments that were categorized as Level 3 were valued utilizing third party pricing information without adjustment. Such valuations are based on unobservable inputs. A significant change in third party information could result in a significantly lower or higher value of Level 3 investments.

Management has determined that the amount of Level 3 securities compared to total net assets is not material; therefore, the rollforward of Level 3 securities and assumptions are not shown for the period ended April 30, 2026.

## 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 Newfleet Securitized Income ETF

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

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

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

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

- **b. Date as of which information is reported:** 2026-04-30

**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:** $79756843.25

**Total Liabilities:** $1169649.57

**Net Assets:** $78587193.68

**Delayed Delivery Securities:** $544968.77

**Cash Not Reported:** $1161721.18

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** -1441.24988400 | **10-Year:** -2888.98556000 | **30-Year:** -13141.34205000

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

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** -448.45680130 | **10-Year:** -501.25042040 | **30-Year:** -1261.06666300

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000224134 | 0.76%                | -0.49%               | 0.39%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $69434.83                | $214519.48                                 |
| Month 2  | $-8780.39                | $-697596.68                                |
| Month 3  | $-13249.14               | $6955.56                                   |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| NEW RESIDENTIAL MORTGAGE LOAN TRUST 2024-NQM3       | NRZT 2024-NQM3 A1     | CUSIP: 647910AC2<br>LEI: 213800HBIGZVLLQA9I67 | Long             | ABS-O            | CORP              | US        |     79608 | PA      | $80321.56     | 0.10%             | 2064-11-25      | Variable      | 5.47%                 | No            |                  2 | On Loan: No      |
| CPS AUTO RECEIVABLES TRUST 2023-D                   | CPS 2023-D D          | CUSIP: 12598VAD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    535000 | PA      | $554190.18    | 0.71%             | 2030-01-15      | Fixed         | 7.80%                 | No            |                  2 | On Loan: No      |
| EXETER AUTOMOBILE RECEIVABLES TRUST 2025-3          | EART 2025-3A D        | CUSIP: 30166XAF1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1200000 | PA      | $1211852.04   | 1.54%             | 2031-10-15      | Fixed         | 5.57%                 | No            |                  2 | On Loan: No      |
| GLS AUTO RECEIVABLES ISSUER TRUST 2021-3            | GCAR 2021-3A E        | CUSIP: 36263LAJ8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    550000 | PA      | $549738.97    | 0.70%             | 2028-10-16      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| MERCURY FINANCIAL CREDIT CARD                       | MFCC 2024-2A A        | CUSIP: 58940BAZ9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    380000 | PA      | $380377.49    | 0.48%             | 2029-07-20      | Fixed         | 6.56%                 | No            |                  2 | On Loan: No      |
| FHF ISSUER TRUST 2024-2                             | FHF 2026-1A B         | CUSIP: 30345FAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    800000 | PA      | $806776.48    | 1.03%             | 2032-02-17      | Fixed         | 5.77%                 | No            |                  2 | On Loan: No      |
| A&D MORTGAGE TRUST 2023-NQM3                        | ADMT 2023-NQM3 A1     | CUSIP: 00249FAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    101671 | PA      | $101960.18    | 0.13%             | 2068-07-25      | Variable      | 6.73%                 | No            |                  2 | On Loan: No      |
| GREENSKY HOME IMPROVEMENT ISSUER TRUST 2025-3       | GSKY 2025-3A B        | CUSIP: 39571WAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    350000 | PA      | $349037.64    | 0.44%             | 2060-12-27      | Fixed         | 4.66%                 | No            |                  2 | On Loan: No      |
| MMP CAPITAL 2025-A LLC                              | MMP 2025-A B          | CUSIP: 55317QAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2100000 | PA      | $2117985.24   | 2.70%             | 2031-12-15      | Fixed         | 5.72%                 | No            |                  2 | On Loan: No      |
| MFA 2024-NQM2 TRUST                                 | MFRA 2024-NQM2 A1     | CUSIP: 58004JAA0<br>LEI: 254900MMVXALAH2X8D73 | Long             | ABS-O            | CORP              | US        |    814113 | PA      | $815728.55    | 1.04%             | 2069-08-25      | Variable      | 5.27%                 | No            |                  2 | On Loan: No      |
| JP MORGAN MORTGAGE TRUST 2015-5                     | JPMMT 2015-5 A2       | CUSIP: 46644XAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    178751 | PA      | $178470.04    | 0.23%             | 2045-05-25      | Variable      | 5.21%                 | No            |                  2 | On Loan: No      |
| ELLINGTON FINANCIAL MORTGAGE TRUST 2021-1           | EFMT 2021-1 A2        | CUSIP: 31574XAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     33744 | PA      | $29631.26     | 0.04%             | 2066-02-25      | Variable      | 1.00%                 | No            |                  2 | On Loan: No      |
| CASTLELAKE AIRCRAFT STRUCTURED TRUST 2021-1         | CLAST 2025-1A A       | CUSIP: 14856VAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    900754 | PA      | $908373.92    | 1.16%             | 2050-02-15      | Fixed         | 5.78%                 | No            |                  2 | On Loan: No      |
| OBX 2024-NQM9 TRUST                                 | OBX 2024-NQM9 A1      | CUSIP: 67119DAA6<br>LEI: 2549004KB8X0K1PPTU08 | Long             | ABS-O            | CORP              | US        |   1056601 | PA      | $1065832.32   | 1.36%             | 2064-01-25      | Variable      | 6.03%                 | No            |                  2 | On Loan: No      |
| VISIO 2020-1R TRUST                                 | VISIO 2020-1R A1      | CUSIP: 92837MAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     37534 | PA      | $36449.06     | 0.05%             | 2055-11-25      | Fixed         | 1.31%                 | No            |                  2 | On Loan: No      |
| WSTN TR 2023-MAUI                                   | WSTN 2023-MAUI C      | CUSIP: 92943AAE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1012716.80   | 1.29%             | 2037-07-05      | Fixed         | 7.96%                 | No            |                  2 | On Loan: No      |
| TOWD POINT MORTGAGE TRUST 2017-6                    | TPMT 2017-6 A2        | CUSIP: 89175JAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    420000 | PA      | $405158.67    | 0.52%             | 2057-10-25      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| DB MASTER FINANCE LLC                               | DNKN 2025-1A A2I      | CUSIP: 233046AU5<br>LEI: 549300F17UZJL70BPB08 | Long             | ABS-O            | CORP              | US        |   1246875 | PA      | $1237778.80   | 1.58%             | 2055-08-20      | Fixed         | 4.89%                 | No            |                  2 | On Loan: No      |
| REACH ABS TRUST 2024-2                              | REACH 2024-2A B       | CUSIP: 75525HAB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $100816.49    | 0.13%             | 2031-07-15      | Fixed         | 5.84%                 | No            |                  2 | On Loan: No      |
| RCKT MORTGAGE TRUST 2023-CES3                       | RCKT 2023-CES3 A1A    | CUSIP: 749407AA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1244304 | PA      | $1253792.05   | 1.60%             | 2043-11-25      | Variable      | 7.11%                 | No            |                  2 | On Loan: No      |
| Aspire Mortgage Trust 2026-1                        | SPIRE 2026-1 A1       | CUSIP: 04539FAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    563427 | PA      | $560456.43    | 0.71%             | 2066-01-25      | Variable      | 4.86%                 | No            |                  2 | On Loan: No      |
| GLS AUTO RECEIVABLES ISSUER TRUST 2025-2            | GCAR 2025-2A D        | CUSIP: 37989BAL6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    425000 | PA      | $431420.90    | 0.55%             | 2031-01-15      | Fixed         | 5.59%                 | No            |                  2 | On Loan: No      |
| AMUR EQUIPMENT FINANCE RECEIVABLES XV LLC           | AXIS 2025-1A D        | CUSIP: 03237FAE5<br>LEI: 254900UXD59DZRJ7U848 | Long             | ABS-O            | CORP              | US        |   1005000 | PA      | $1016453.38   | 1.29%             | 2032-08-20      | Fixed         | 5.68%                 | No            |                  2 | On Loan: No      |
| CARVANA AUTO RECEIVABLES TRUST 2024-N1              | CRVNA 2024-N1 B       | CUSIP: 14687QAD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    146000 | PA      | $146822.91    | 0.19%             | 2030-05-10      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| ACM AUTO TRUST 2025-2                               | ACMAT 2025-2A A       | CUSIP: 00161TAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    362867 | PA      | $363495.82    | 0.46%             | 2028-06-20      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| COOPR RESIDENTIAL MORTGAGE TRU                      | COOPR 2025-CES2 A1A   | CUSIP: 12674UAA1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |    459380 | PA      | $461588.23    | 0.59%             | 2060-06-25      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| RCKT MORTGAGE TRUST 2023-CES2                       | RCKT 2023-CES2 A1A    | CUSIP: 748956AA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     46737 | PA      | $46922.13     | 0.06%             | 2043-09-25      | Variable      | 6.81%                 | No            |                  2 | On Loan: No      |
| STARWOOD MORTGAGE RESIDENTIAL TRUST 2020-1          | STAR 2020-1 A1        | CUSIP: 85573AAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     36801 | PA      | $35565.46     | 0.05%             | 2050-02-25      | Variable      | 2.27%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC                            | OBX 2026-NQM5 Trust   | CUSIP: 67124DAF8<br>LEI: 254900U0G1G2KQEUQ447 | Long             | ABS-MBS          | CORP              | US        |    567886 | PA      | $570893.16    | 0.73%             | 2066-01-25      | Floating      | 5.32%                 | No            |                  2 | On Loan: No      |
| RCKT MORTGAGE TRUST 2024-CES8                       | RCKT 2024-CES8 A1A    | CUSIP: 749421AA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1170037 | PA      | $1174763.30   | 1.49%             | 2044-11-25      | Variable      | 5.49%                 | No            |                  2 | On Loan: No      |
| GLS AUTO RECEIVABLES ISSUER TRUST 2026-1            | GCAR 2026-1A D        | CUSIP: 36274AAF7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1180000 | PA      | $1174094.93   | 1.49%             | 2031-12-15      | Fixed         | 5.02%                 | No            |                  2 | On Loan: No      |
| RESIDENTIAL MORTGAGE LOAN TRUST 2020-1              | RMLT 2020-1 A1        | CUSIP: 76119CAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |       399 | PA      | $397.87       | 0.00%             | 2060-01-25      | Variable      | 2.38%                 | No            |                  2 | On Loan: No      |
| OBX 2018-1 TRUST                                    | OBX 2018-1 A2         | CUSIP: 67112FAD2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     17786 | PA      | $17658.47     | 0.02%             | 2057-06-25      | Variable      | 4.44%                 | No            |                  2 | On Loan: No      |
| METRONET INFRASTRUCTURE ISSUER LLC                  | MNET 2025-2A A2       | CUSIP: 59170JAX6<br>LEI: 5493000BIROCAEATAQ61 | Long             | ABS-O            | CORP              | US        |   1375000 | PA      | $1387577.95   | 1.77%             | 2055-08-20      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| CSMC TRUST 2017-RPL1                                | CSMC 2017-RPL1 A1     | CUSIP: 22945AAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    763979 | PA      | $750442.99    | 0.95%             | 2057-07-25      | Variable      | 2.75%                 | No            |                  2 | On Loan: No      |
| UPX HIL 2025-1 ISSUER TRUST                         | UPXHI 2025-1 A        | CUSIP: 916925AA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    399867 | PA      | $399085.62    | 0.51%             | 2047-01-25      | Fixed         | 5.16%                 | No            |                  2 | On Loan: No      |
| POWERPAY ISSUANCE TRUST 2025-1                      | PWRP 2025-1A A        | CUSIP: 73940MAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    304903 | PA      | $303765.14    | 0.39%             | 2041-11-18      | Fixed         | 5.23%                 | No            |                  2 | On Loan: No      |
| HILTON GRAND VACATIONS TRUST 2022-1D                | HGVT 2026-1A B        | CUSIP: 43284KAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    400000 | PA      | $400139.96    | 0.51%             | 2043-02-25      | Fixed         | 5.01%                 | No            |                  2 | On Loan: No      |
| FIVE GUYS FUNDING LLC                               | GUYS 2023-1A A2       | CUSIP: 33830JAE5<br>LEI: 549300LV8X8T05G1H175 | Long             | ABS-O            | CORP              | US        |    896350 | PA      | $912695.39    | 1.16%             | 2054-01-25      | Fixed         | 7.55%                 | No            |                  2 | On Loan: No      |
| OASIS SECURITISATION 24-1A                          | OASIS 2024-1A A       | CUSIP: 53161XAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    165000 | PA      | $164616.92    | 0.21%             | 2038-09-30      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| UNITED AUTO CREDIT SECURITIZATION TRUST 2022-2      | UACST 2022-2 D        | CUSIP: 90944KAE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     91297 | PA      | $91582.10     | 0.12%             | 2028-01-10      | Fixed         | 6.84%                 | No            |                  2 | On Loan: No      |
| JERSEY MIKE'S FUNDING LLC                           | JMIKE 2024-1A A2      | CUSIP: 476681AD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1207800 | PA      | $1222428.03   | 1.56%             | 2055-02-15      | Fixed         | 5.64%                 | No            |                  2 | On Loan: No      |
| LAD AUTO RECEIVABLES TRUST 2025-1                   | LADAR 2025-1A D       | CUSIP: 505712AG4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    995000 | PA      | $1006347.38   | 1.28%             | 2032-05-17      | Fixed         | 5.52%                 | No            |                  2 | On Loan: No      |
| VEROS AUTO RECEIVABLES TRUST 2024-1                 | VEROS 2024-1 C        | CUSIP: 92512WAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    195000 | PA      | $199694.63    | 0.25%             | 2028-12-15      | Fixed         | 7.57%                 | No            |                  2 | On Loan: No      |
| FLAGSHIP CREDIT AUTO TRUST 2023-2                   | FCAT 2023-2 C         | CUSIP: 33843EAJ0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    910000 | PA      | $914232.41    | 1.16%             | 2029-05-15      | Fixed         | 5.81%                 | No            |                  2 | On Loan: No      |
| SIERRA RECEIVABLES FUNDING CO LLC                   | SRFC 2025-3A A        | CUSIP: 82650FAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    609511 | PA      | $604913.62    | 0.77%             | 2044-08-22      | Fixed         | 4.44%                 | No            |                  2 | On Loan: No      |
| OBX 2023-NQM9 TRUST                                 | OBX 2023-NQM9 A1      | CUSIP: 673921AA0<br>LEI: 2549007JKD4UEFDCFB08 | Long             | ABS-O            | CORP              | US        |    251259 | PA      | $253201.61    | 0.32%             | 2063-10-25      | Fixed         | 7.16%                 | No            |                  2 | On Loan: No      |
| Greensky Home Improvement Issuer Trust 2025-2       | GSKY 2024-2 A2        | CUSIP: 39571XAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     35210 | PA      | $35263.11     | 0.04%             | 2059-10-27      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| RIDE TRUST 2025-SHRE                                | RIDE 2025-SHRE C      | CUSIP: 765692AE8<br>LEI: 5493000HCHF3YP6AGZ15 | Long             | ABS-O            | CORP              | US        |    990000 | PA      | $1005446.08   | 1.28%             | 2047-02-14      | Variable      | 6.32%                 | No            |                  2 | On Loan: No      |
| PEAC SOLUTIONS RECEIVABLES 2025-1 LLC               | PEAC 2025-1A C        | CUSIP: 69392HAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1011322.60   | 1.29%             | 2032-07-20      | Fixed         | 5.49%                 | No            |                  2 | On Loan: No      |
| DEEPHAVEN RESIDENTIAL MORTGAGE TRUST 2021-4         | DRMT 2021-4 A1        | CUSIP: 24381JAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     56289 | PA      | $49978.38     | 0.06%             | 2066-11-25      | Variable      | 1.93%                 | No            |                  2 | On Loan: No      |
| J.P. MORGAN MORTGAGE TRUST 2025-CES2                | JPMMT 2025-CES2 A1    | CUSIP: 46595TAC4<br>LEI: 529900TE3BWT8J4WHE11 | Long             | ABS-O            | CORP              | US        |   1207218 | PA      | $1212024.99   | 1.54%             | 2055-06-25      | Variable      | 5.59%                 | No            |                  2 | On Loan: No      |
| AVIS BUDGET RENTAL CAR FUNDING (AESOP) LLC          | AESOP 2024-2A D       | CUSIP: 05377RKK9<br>LEI: IHXLB8SL0QWSSG2VG640 | Long             | ABS-O            | CORP              | US        |   1300000 | PA      | $1316727.75   | 1.68%             | 2028-10-20      | Fixed         | 7.43%                 | No            |                  2 | On Loan: No      |
| MERCHANTS FLEET FUNDING LLC                         | MFF 2023-1A A         | CUSIP: 588926AA3<br>LEI: 254900Z2OOQUA5IN2X83 | Long             | ABS-O            | CORP              | US        |     41698 | PA      | $41766.09     | 0.05%             | 2036-05-20      | Fixed         | 7.21%                 | No            |                  2 | On Loan: No      |
| STARWOOD MORTGAGE RESIDENTIAL TRUST 2021-3          | STAR 2021-3 A1        | CUSIP: 85573JAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    448744 | PA      | $390940.08    | 0.50%             | 2056-06-25      | Variable      | 1.13%                 | No            |                  2 | On Loan: No      |
| NMEF FUNDING 2025-A LLC                             | NMEF 2025-A B         | CUSIP: 62919VAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    190000 | PA      | $191103.75    | 0.24%             | 2032-07-15      | Fixed         | 5.18%                 | No            |                  2 | On Loan: No      |
| HARDEE'S FUNDING LLC                                | HNGRY 2024-1A A2      | CUSIP: 411707AM4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1092700 | PA      | $1120068.20   | 1.43%             | 2054-03-20      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| CITIGROUP MORTGAGE LOAN TRUST 2025-INV1             | CMLTI 2025-INV1 A2    | CUSIP: 17332GAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1023965 | PA      | $1036488.78   | 1.32%             | 2055-01-25      | Variable      | 6.00%                 | No            |                  2 | On Loan: No      |
| SWITCH ABS ISSUER LLC                               | SWTCH 2024-2A A2      | CUSIP: 871044AE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $993037.80    | 1.26%             | 2054-06-25      | Fixed         | 5.44%                 | No            |                  2 | On Loan: No      |
| UPG HI 2025-2 Issuer Trust                          | UPGHI 2026-1 A        | CUSIP: 90321BAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    545000 | PA      | $544968.77    | 0.69%             | 2048-02-25      | Fixed         | 5.03%                 | No            |                  2 | On Loan: No      |
| COREVEST AMERICAN FINANCE 2022-1 TRUST              | CAFL 2022-1 A         | CUSIP: 21873EAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    138762 | PA      | $139413.90    | 0.18%             | 2055-06-17      | Fixed         | 4.74%                 | No            |                  2 | On Loan: No      |
| CPS AUTO RECEIVABLES TRUST 2024-C                   | CPS 2024-C C          | CUSIP: 223920AC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    145000 | PA      | $146303.13    | 0.19%             | 2030-10-15      | Fixed         | 5.76%                 | No            |                  2 | On Loan: No      |
| AMERICAN CREDIT ACCEPTANCE RECEIVABLES TRUST 2014/1 | ACAR 2025-1 C         | CUSIP: 02528DAE0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    785000 | PA      | $789110.81    | 1.00%             | 2031-08-12      | Fixed         | 5.09%                 | No            |                  2 | On Loan: No      |
| ANGEL OAK MORTGAGE TRUST 2021-3                     | AOMT 2021-3 A2        | CUSIP: 03465EAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     43279 | PA      | $37955.18     | 0.05%             | 2066-05-25      | Variable      | 1.30%                 | No            |                  2 | On Loan: No      |
| REACH ABS TRUST 2025-1                              | REACH 2025-1A A       | CUSIP: 75525PAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    109520 | PA      | $109715.98    | 0.14%             | 2032-08-16      | Fixed         | 4.96%                 | No            |                  2 | On Loan: No      |
| METLIFE SECURITIZATION TRUST 2017-1                 | MST 2019-1A A1A       | CUSIP: 59166EAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     57034 | PA      | $56473.26     | 0.07%             | 2058-04-25      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| OPORTUN ISSUANCE TR 2024-2                          | OPTN 2024-2 B         | CUSIP: 68377KAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     20535 | PA      | $20544.27     | 0.03%             | 2032-02-09      | Fixed         | 5.83%                 | No            |                  2 | On Loan: No      |
| MISSION LANE CREDIT CARD MASTER TRU                 | MLANE 2026-A A        | CUSIP: 60510MCG1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    600000 | PA      | $600562.50    | 0.76%             | 2032-07-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Databank Issuer LLC / Databank Co-Issuer LLC        | COLO 2026-1A A2       | CUSIP: 23802WAQ4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    825000 | PA      | $827150.94    | 1.05%             | 2056-02-25      | Fixed         | 5.81%                 | No            |                  2 | On Loan: No      |
| STAR 2025-SFR5                                      | STAR 2025-SFR5 A      | CUSIP: 85520CAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1647825 | PA      | $1648290.25   | 2.10%             | 2042-02-20      | Floating      | 5.11%                 | No            |                  2 | On Loan: No      |
| TSC Spv Funding LLC                                 | TROP 2024-1A A2       | CUSIP: 898912AA8<br>LEI: 21380072ODEONQKNZ348 | Long             | ABS-O            | CORP              | US        |     98750 | PA      | $99462.06     | 0.13%             | 2054-08-20      | Fixed         | 6.29%                 | No            |                  2 | On Loan: No      |
| CPS AUTO RECEIVABLES TRUST 2025-A                   | CPS 2025-A C          | CUSIP: 12633SAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1250000 | PA      | $1260102.25   | 1.60%             | 2031-04-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ALASKA AIRLINES INC                                 | ALK 4.8 08/15/27 144A | CUSIP: 01166VAA7<br>LEI: PG4W4UTDTMMEBRGLO537 | Long             | ABS-O            | CORP              | US        |    210480 | PA      | $210655.77    | 0.27%             | 2027-08-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| TRICOLOR AUTO SECURITIZATION TRUST 2024-2           | TAST 2024-2A C        | CUSIP: 89616PAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    325000 | PA      | $159250.00    | 0.20%             | 2028-04-17      | Fixed         | 6.93%                 | No            |                  3 | On Loan: No      |
| COMMERCIAL EQUIP FIN 2024-1 LLC                     | CEFI 2024-1A A        | CUSIP: 20166RAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    116550 | PA      | $117176.92    | 0.15%             | 2029-07-16      | Fixed         | 5.97%                 | No            |                  2 | On Loan: No      |
| SWITCH ABS ISSUER LLC                               | SWTCH 2025-1A A2      | CUSIP: 871044AL7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $971492.40    | 1.24%             | 2055-03-25      | Fixed         | 5.04%                 | No            |                  2 | On Loan: No      |
| POWERPAY ISSUANCE TRUST 2024-1                      | PWRP 2024-1A A        | CUSIP: 73934RAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    598443 | PA      | $609412.91    | 0.78%             | 2039-02-18      | Fixed         | 6.53%                 | No            |                  2 | On Loan: No      |
| VEROS AUTO RECEIVABLES TRUST 2025-1                 | VEROS 2025-1 C        | CUSIP: 92511BAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1495000 | PA      | $1511385.50   | 1.92%             | 2029-12-17      | Fixed         | 6.17%                 | No            |                  2 | On Loan: No      |
| GLS AUTO SELECT RECEIVABLES TRUST 2024-3            | GSAR 2024-3A C        | CUSIP: 37989EAG1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    305000 | PA      | $312461.76    | 0.40%             | 2030-08-15      | Fixed         | 5.92%                 | No            |                  2 | On Loan: No      |
| PRESTIGE AUTO RECEIVABLES TRUST 2025-1              | PART 2025-1A C        | CUSIP: 74113UAG7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2000000 | PA      | $2011316.80   | 2.56%             | 2030-02-15      | Fixed         | 5.52%                 | No            |                  2 | On Loan: No      |
| VERUS SECURITIZATION TRUST 2023-8                   | VERUS 2023-8 A1       | CUSIP: 92540DAA3<br>LEI: 213800DTJD5UKJR53O34 | Long             | ABS-O            | CORP              | US        |    124417 | PA      | $125218.07    | 0.16%             | 2068-12-25      | Variable      | 6.26%                 | No            |                  2 | On Loan: No      |
| US BANK NA                                          | USCLN 2026-RVM1 C     | CUSIP: 90355PAL0<br>LEI: 6BYL5QZYBDK8S7L73M02 | Long             | ABS-O            | CORP              | US        |    763497 | PA      | $757260.30    | 0.96%             | 2046-12-25      | Fixed         | 5.59%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                     | COOPR 2025-CES3 A1A   | CUSIP: 216926AA3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |   1349798 | PA      | $1340523.90   | 1.71%             | 2060-09-25      | Variable      | 4.84%                 | No            |                  2 | On Loan: No      |
| COLT 2023-4 MORTGAGE LOAN TRUST                     | COLT 2023-4 A1        | CUSIP: 12598WAA0<br>LEI: 213800EHDFO4A3F7P416 | Long             | ABS-O            | CORP              | US        |     47723 | PA      | $48103.32     | 0.06%             | 2068-10-25      | Variable      | 7.16%                 | No            |                  2 | On Loan: No      |
| REACH ABS TRUST 2023-1                              | REACH 2024-1A B       | CUSIP: 75526PAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     98588 | PA      | $99112.88     | 0.13%             | 2031-02-18      | Fixed         | 6.29%                 | No            |                  2 | On Loan: No      |
| APPLEBEE'S FUNDING LLC                              | DIN 2023-1A A2        | CUSIP: 03789XAF5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1185000 | PA      | $1197723.46   | 1.52%             | 2053-03-05      | Fixed         | 7.82%                 | No            |                  2 | On Loan: No      |
| HILTON GRAND VACATIONS TRUST 2024-1B                | HGVT 2024-1B D        | CUSIP: 43283YAD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    427563 | PA      | $439784.24    | 0.56%             | 2039-09-15      | Fixed         | 8.85%                 | No            |                  2 | On Loan: No      |
| UNITED AUTO CREDIT SECURITIZATION TRUST 2022-1      | UACST 2024-1 C        | CUSIP: 90945DAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      9706 | PA      | $9712.43      | 0.01%             | 2029-10-10      | Fixed         | 7.06%                 | No            |                  2 | On Loan: No      |
| POST ROAD EQUIPMENT FINANCE 2024-1 LLC              | PREF 2026-1A C        | CUSIP: 73747RAD7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    785000 | PA      | $784289.18    | 1.00%             | 2033-06-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| AQUA FINANCE TRUST 2019-A                           | AQFIT 2019-A C        | CUSIP: 038370AC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     43649 | PA      | $42702.98     | 0.05%             | 2040-07-16      | Fixed         | 4.01%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                     | FR SL1127             | CUSIP: 31427NHD4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   3427538 | PA      | $3501789.70   | 4.46%             | 2054-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| AUXILIOR TERM FUNDING 2024-1 LLC                    | XCAP 2024-1A B        | CUSIP: 05335FAD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     88000 | PA      | $89497.94     | 0.11%             | 2031-07-15      | Fixed         | 5.69%                 | No            |                  2 | On Loan: No      |
| MVW 2020-1 LLC                                      | MVWOT 2020-1A A       | CUSIP: 55400EAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    184761 | PA      | $183348.58    | 0.23%             | 2037-10-20      | Fixed         | 1.74%                 | No            |                  2 | On Loan: No      |
| MFA 2023-INV2 TRUST                                 | MFRA 2023-INV2 A1     | CUSIP: 59319BAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    286080 | PA      | $287566.19    | 0.37%             | 2058-10-25      | Variable      | 6.78%                 | No            |                  2 | On Loan: No      |
| EFMT 2025-NQM2                                      | EFMT 2025-NQM2 A1     | CUSIP: 281917AC8<br>LEI: 254900BQMS9ITLPQGJ53 | Long             | ABS-O            | CORP              | US        |   1009990 | PA      | $1016313.17   | 1.29%             | 2070-06-25      | Variable      | 5.60%                 | No            |                  2 | On Loan: No      |
| MFA 2025-NQM1 TRUST                                 | MFRA 2025-NQM5 A1     | CUSIP: 59319DAC7<br>LEI: 254900T233AM4RM23465 | Long             | ABS-O            | CORP              | US        |    579203 | PA      | $579852.67    | 0.74%             | 2070-11-25      | Variable      | 5.19%                 | No            |                  2 | On Loan: No      |
| COLT 2023-3 MORTGAGE LOAN TRUST                     | COLT 2023-3 A1        | CUSIP: 19688RAA7<br>LEI: 213800MIPEZY1A8W1N28 | Long             | ABS-O            | CORP              | US        |    314548 | PA      | $316485.92    | 0.40%             | 2068-09-25      | Variable      | 7.18%                 | No            |                  2 | On Loan: No      |
| OBX 2023-NQM5 TRUST                                 | OBX 2023-NQM5 A1A     | CUSIP: 673919AL0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    109051 | PA      | $109031.29    | 0.14%             | 2063-06-25      | Variable      | 6.57%                 | No            |                  2 | On Loan: No      |
| ZAXBYS FUNDING LLC                                  | ZAXBY 2021-1A A2      | CUSIP: 98920MAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    147638 | PA      | $140829.79    | 0.18%             | 2051-07-30      | Fixed         | 3.24%                 | No            |                  2 | On Loan: No      |
| MOMNT TECHNOLOGIES TRUST 2023-1                     | MMNT 2023-1A A        | CUSIP: 608934AA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     11983 | PA      | $12002.89     | 0.02%             | 2045-03-20      | Fixed         | 6.92%                 | No            |                  2 | On Loan: No      |
| OASIS SECURITISATION 21-2A                          | OASIS 2025-1A A       | CUSIP: 53161AAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    600000 | PA      | $600225.96    | 0.76%             | 2039-08-15      | Fixed         | 6.36%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN MORTGAGE CORP                     | COOPR 2025-CES1 A1A   | CUSIP: 12596SAA1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |   1304861 | PA      | $1313578.07   | 1.67%             | 2060-05-25      | Variable      | 5.65%                 | No            |                  2 | On Loan: No      |
| SUBWAY FUNDING LLC                                  | SUBWAY 2024-1A A2II   | CUSIP: 864300AC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    985000 | PA      | $992722.01    | 1.26%             | 2054-07-30      | Fixed         | 6.27%                 | No            |                  2 | On Loan: No      |
| CITIGROUP MORTGAGE LOAN TRUST 2019-RP1              | CMLTI 2019-RP1 A1     | CUSIP: 17327RAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    383276 | PA      | $376170.59    | 0.48%             | 2066-01-25      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| LENDBUZZ SECURITIZATION TRUST 2023-2                | LBZZ 2023-2A A2       | CUSIP: 52608MAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     24046 | PA      | $24295.87     | 0.03%             | 2028-10-16      | Fixed         | 7.09%                 | No            |                  2 | On Loan: No      |
| NEW RESIDENTIAL MORTGAGE LOAN TRUST 2017-2          | NRZT 2017-2A A3       | CUSIP: 64829KBV1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     18364 | PA      | $17813.50     | 0.02%             | 2057-03-25      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| Tharaldson Hotel Portfolio Trust                    | THPT 2023-THL A       | CUSIP: 87252LAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    125047 | PA      | $125421.81    | 0.16%             | 2034-12-14      | Variable      | 7.23%                 | No            |                  2 | On Loan: No      |
| FHF TRUST 2023-1                                    | FHF 2023-1A A2        | CUSIP: 30331GAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      1852 | PA      | $1858.14      | 0.00%             | 2028-06-15      | Fixed         | 6.57%                 | No            |                  2 | On Loan: No      |
| WESTLAKE AUTOMOBILE RECEIVABLES TRUST 2024-2        | WLAKE 2024-2A B       | CUSIP: 96042YAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    110000 | PA      | $110655.40    | 0.14%             | 2030-03-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| OBX 2024-NQM1 TRUST                                 | OBX 2024-NQM1 A1      | CUSIP: 67448LAA0<br>LEI: 254900UI1468MQ7I8472 | Long             | ABS-O            | CORP              | US        |     52192 | PA      | $52418.34     | 0.07%             | 2063-11-25      | Fixed         | 5.93%                 | No            |                  2 | On Loan: No      |
| ALA TRUST 2025-OANA                                 | ALA 2025-OANA A       | CUSIP: 009920AA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1390000 | PA      | $1397314.04   | 1.78%             | 2040-06-15      | Floating      | 5.40%                 | No            |                  2 | On Loan: No      |
| Finbe USA Trust 2025-1                              | FINBE 2025-1A B       | CUSIP: 317967AB3<br>LEI: 4469000001BR51E83192 | Long             | ABS-O            | CORP              | US        |    800000 | PA      | $785032.48    | 1.00%             | 2030-12-16      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| UPGRADE MASTER PASS-THRU TRUST SERIES 2025-ST4      | UMPT 2025-ST4 A       | CUSIP: 91533MAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    215833 | PA      | $216290.27    | 0.28%             | 2032-08-16      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| AFFIRM MASTER TRUST                                 | AFRMT 2025-3A A       | CUSIP: 00833BAN8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    580000 | PA      | $578710.02    | 0.74%             | 2034-10-16      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| TACO BELL FUNDING LLC                               | BELL 2025-1A A2I      | CUSIP: 87342RAK0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2100000 | PA      | $2080731.03   | 2.65%             | 2055-08-25      | Fixed         | 4.82%                 | No            |                  2 | On Loan: No      |
| AQUA FINANCE TRUST 2024-A                           | AQFIT 2024-A B        | CUSIP: 03837DAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    145000 | PA      | $144555.68    | 0.18%             | 2050-04-18      | Fixed         | 5.06%                 | No            |                  2 | On Loan: No      |
| UPSTART SECURITIZATION TRUST 2026-1                 | UPST 2026-1 B         | CUSIP: 91681BAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    600000 | PA      | $598866.00    | 0.76%             | 2036-03-20      | Fixed         | 4.98%                 | No            |                  2 | On Loan: No      |
| FLAGSHIP CREDIT AUTO TRUST 2021-4                   | FCAT 2024-1 D         | CUSIP: 33843VAL7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    775000 | PA      | $730411.62    | 0.93%             | 2030-04-15      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| ELLINGTON FINANCIAL MORTGAGE TRUST 2020-2           | EFMT 2020-2 A1        | CUSIP: 31573WAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     76670 | PA      | $73147.69     | 0.09%             | 2065-10-25      | Variable      | 1.18%                 | No            |                  2 | On Loan: No      |
| OBX 2024-HYB1 TRUST                                 | OBX 2024-HYB1 A1      | CUSIP: 67448MAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2049391 | PA      | $2053332.09   | 2.61%             | 2053-03-25      | Variable      | 3.64%                 | No            |                  2 | On Loan: No      |
| MPOWER EDUCATION TRUST 2025-A                       | MPOWR 2025-A A        | CUSIP: 624930AA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    368038 | PA      | $373993.19    | 0.48%             | 2042-07-21      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| COLT 2021-RPL1 TRUST                                | COLT 2021-RPL1 A1     | CUSIP: 12598PAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    142264 | PA      | $131586.55    | 0.17%             | 2061-09-25      | Fixed         | 1.67%                 | No            |                  2 | On Loan: No      |
| MILL CITY MORTGAGE LOAN TRUST 2019-GS2              | MCMLT 2019-GS2 A1     | CUSIP: 59981TAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    297800 | PA      | $290978.17    | 0.37%             | 2059-08-25      | Variable      | 2.75%                 | No            |                  2 | On Loan: No      |
| CSMC 2020-RPL4 TRUST                                | CSMC 2020-RPL4 A1     | CUSIP: 126405AA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    611441 | PA      | $552894.26    | 0.70%             | 2060-01-25      | Variable      | 2.00%                 | No            |                  2 | On Loan: No      |
| NEW RESIDENTIAL MORTGAGE LOAN TRUST 2026-NQM3       | NRZT 2026-NQM3 A1     | CUSIP: 64832PAE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    787641 | PA      | $782456.46    | 1.00%             | 2066-02-25      | Variable      | 4.83%                 | No            |                  2 | On Loan: No      |
| SANTANDER MORTGAGE ASSET RECEIVABLE TRUST 2025-CES1 | SAN 2025-CES1 A1A     | CUSIP: 802650AB7<br>LEI: 254900WEZWXJLYHMU869 | Long             | ABS-O            | CORP              | US        |    602547 | PA      | $600482.05    | 0.76%             | 2055-09-25      | Variable      | 5.04%                 | No            |                  2 | On Loan: No      |
| J.P. MORGAN MORTGAGE TRUST 2025-CES1                | JPMMT 2025-CES1 A1    | CUSIP: 46658XAC9<br>LEI: 5299003TKRYXBBT76K08 | Long             | ABS-O            | CORP              | US        |    320348 | PA      | $321728.74    | 0.41%             | 2055-05-25      | Variable      | 5.67%                 | No            |                  2 | On Loan: No      |
| LENDBUZZ SECURITIZATION TRUST 2024-3                | LBZZ 2024-3A B        | CUSIP: 52609YAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1900000 | PA      | $1894500.83   | 2.41%             | 2030-11-15      | Fixed         | 5.03%                 | No            |                  2 | On Loan: No      |
| FIRSTKEY HOMES 2021-SFR1 TRUST                      | FKH 2021-SFR1 D       | CUSIP: 33767WAG8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    795000 | PA      | $788091.29    | 1.00%             | 2038-08-19      | Fixed         | 2.19%                 | No            |                  2 | On Loan: No      |
| SOTHEBY'S                                           | ARTFI 2026-1A A1      | CUSIP: 83589DAA4<br>LEI: 549300P5BAAMQQ7VL735 | Long             | ABS-O            | CORP              | US        |    825000 | PA      | $823649.31    | 1.05%             | 2033-06-20      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-06-24

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

**Signature:** Brinton W. Frith

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

**Title:** Treasurer and Principal Financial Officer