# EDGAR Filing Document

**Accession Number:** 0001559109
**File Stem:** 0000940400-25-003044
**Filing Date:** 2025-9
**Character Count:** 80466
**Document Hash:** fce1569e159a9c2f8240578fd9ff4993
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-25-003044.hdr.sgml**: 20250929

**ACCESSION NUMBER**: 0000940400-25-003044

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250929

**DATE AS OF CHANGE**: 20250929

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ETFis Series Trust I
- **CENTRAL INDEX KEY:** 0001559109

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22819
- **FILM NUMBER:** 251354594

**BUSINESS ADDRESS:**
- **STREET 1:** 1301 AVENUE OF THE AMERICAS
- **STREET 2:** 16TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10019
- **BUSINESS PHONE:** 2125934383

**MAIL ADDRESS:**
- **STREET 1:** 1301 AVENUE OF THE AMERICAS
- **STREET 2:** 16TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10019

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ETF Actively Managed Trust
- **DATE OF NAME CHANGE:** 20120926

## Series and Classes Contracts Data

### Virtus InfraCap U.S. Preferred Stock ETF (Series ID: S000059080)

| Class ID   | Class Name                               | Ticker Symbol   |
|:---|:---|:---|
| C000193703 | Virtus InfraCap U.S. Preferred Stock ETF | PFFA            |

## Nport-Ex

Schedule of Investments - Virtus InfraCap U.S. Preferred Stock ETF

July 31, 2025 (unaudited)

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| **PREFERRED STOCKS - 122.0%** |  |  |
| **Communication Services - 7.1%** |  |  |
| Liberty Broadband Corp., Series A, <br> 7.00%<sup>(1)</sup> | 129911 | $3223092 |
| Qwest Corp., 6.50%<sup>(1)</sup> | 1615793 | 31992701 |
| Qwest Corp., 6.75%<sup>(1)</sup> | 1389102 | 27823713 |
| Telephone and Data Systems, Inc., Series UU, 6.63%<sup>(1)</sup> | 853548 | 18095218 |
| Telephone and Data Systems, Inc., Series VV, 6.00%<sup>(1)</sup> | 2049773 | 37797814 |
| Total Communication Services |  | 118932538 |
| **Consumer Discretionary - 0.3%** |  |  |
| Ford Motor Co., 6.00%<sup>(1)</sup> |  |  |
|  | 194958 | 4310521 |
| **Energy - 3.6%** |  |  |
| Energy Transfer LP, Series I, 9.25%<sup>(1)</sup> | 3883758 | 44837986 |
| GasLog Partners LP, Series A, 8.63% (Greece)<sup>(1)</sup> | 585688 | 15087323 |
| Seapeak LLC, 9.00% (Bermuda) | 1576 | 40219 |
| Total Energy |  | 59965528 |
| **Financials - 69.1%<sup>†</sup>** |  |  |
| Abacus Global Management, Inc., 9.88% | 79638 | 1988561 |
| ACRES Commercial Realty Corp., Series C, 10.23%<sup>(1)</sup> | 92134 | 2291373 |
| ACRES Commercial Realty Corp., Series D, 7.88% | 50227 | 1111524 |
| AG Mortgage Investment Trust, Inc., 9.50%<sup>(1)</sup> | 230501 | 5857030 |
| AG Mortgage Investment Trust, Inc., Series B, 8.00%<sup>(1)</sup> | 419070 | 9108235 |
| AG Mortgage Investment Trust, Inc., Series C, 11.05%<sup>(1)</sup> | 509711 | 12885494 |
| AGNC Investment Corp., Series D, 8.91% | 200 | 5014 |
| AGNC Investment Corp., Series G, 7.75% | 5928 | 148200 |
| American National Group, Inc., 7.38%<sup>(1)</sup> | 709361 | 17946833 |
| Angel Oak Mortgage REIT, Inc., 9.50% | 44111 | 1103657 |
| Apollo Global Management, Inc., 6.75% | 442400 | 33702032 |
| Arbor Realty Trust, Inc., Series D, 6.38%<sup>(1)</sup> | 32542 | 592264 |
| Arbor Realty Trust, Inc., Series E, 6.25%<sup>(1)</sup> | 22586 | 401579 |
| Ares Management Corp., Series B, 6.75% | 485233 | 27464188 |
| Argo Group International Holdings, Inc., 7.00% | 9580 | 242087 |
| ARMOUR Residential REIT, Inc., Series C, 7.00%<sup>(1)</sup> | 208931 | 4571410 |
| Aspen Insurance Holdings Ltd., 5.63% (Bermuda)<sup>(1)</sup> | 29000 | 590150 |
| Aspen Insurance Holdings Ltd., 7.00% (Bermuda)<sup>(1)</sup> | 1121673 | 27705323 |
| Atlanticus Holdings Corp., 9.25%<sup>(1)</sup> | 1491772 | 37607572 |
| Atlanticus Holdings Corp., Series B, <br> 7.63%<sup>(1)</sup> | 52728 | 1170562 |
| Banc of California, Inc., Series F, 7.75%<sup>(1)</sup> | 1746675 | 43579541 |
| Bank of New York Mellon Corp., Series K, 6.15% | 99218 | 2561809 |
| Brighthouse Financial, Inc., Series A, 6.60% | 104026 | 1720590 |
| Brighthouse Financial, Inc., Series B, 6.75% | 77529 | 1294734 |
| Brighthouse Financial, Inc., Series C, 5.38% | 210323 | 2826741 |
| Brighthouse Financial, Inc., Series D, 4.63%<sup>(1)</sup> | 216554 | 2576993 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| **PREFERRED STOCKS (continued)** |  |  |
| **Financials (continued)** |  |  |
| Brookfield Finance, Inc., Series 50, 4.63% (Canada) | 207 | $3308 |
| Brookfield Oaktree Holdings LLC, Series A, 6.63%<sup>(1)</sup> | 12594 | 276060 |
| Brookfield Oaktree Holdings LLC, Series B, 6.55%<sup>(1)</sup> | 20267 | 431890 |
| Chimera Investment Corp., 9.00%<sup>(1)</sup> | 108090 | 2746567 |
| Chimera Investment Corp., 9.25%<sup>(1)</sup> | 62312 | 1590825 |
| Chimera Investment Corp., Series A, 8.00%<sup>(1)</sup> | 354416 | 7868035 |
| Chimera Investment Corp., Series B, 10.35%<sup>(1)</sup> | 669797 | 16744925 |
| Chimera Investment Corp., Series C, 7.75%<sup>(1)</sup> | 878937 | 20127657 |
| Chimera Investment Corp., Series D, 9.90%<sup>(1)</sup> | 852141 | 21030840 |
| CION Investment Corp., 7.50%<sup>(1)</sup> | 785585 | 19521787 |
| Citizens Financial Group, Inc., Series I, 6.50%\* | 501292 | 12567390 |
| Compass Diversified Holdings, Series A, 7.25%<sup>(1)</sup> | 847214 | 14148474 |
| Compass Diversified Holdings, Series B, 7.88%<sup>(1)</sup> | 956854 | 17366900 |
| Compass Diversified Holdings, Series C, 7.88%<sup>(1)</sup> | 821071 | 15181603 |
| Corebridge Financial, Inc., 6.38%<sup>(1)</sup> | 875674 | 21270121 |
| DigitalBridge Group, Inc., Series H, <br> 7.13%<sup>(1)</sup> | 817361 | 18096373 |
| DigitalBridge Group, Inc., Series I,<br> 7.15%<sup>(1)</sup> | 859368 | 19060782 |
| DigitalBridge Group, Inc., Series J, <br> 7.13%<sup>(1)</sup> | 120468 | 2671980 |
| Dime Community Bancshares, Inc., <br> 5.50%<sup>(1)</sup> | 14050 | 286620 |
| Eagle Point Income Co., Inc., Series B, 7.75%<sup>(1)</sup> | 20444 | 511304 |
| Eagle Point Income Co., Inc., Series C, 8.00%<sup>(1)</sup> | 55680 | 1402022 |
| Eagle Point Institutional Income Fund, Series A, 8.13%<sup>(1)</sup> | 140001 | 3516083 |
| Ellington Financial, Inc., 10.05%<sup>(1)</sup> | 525916 | 13247824 |
| Enterprise Financial Services Corp., Series A, 5.00%<sup>(1)</sup> | 346032 | 6934481 |
| F&G Annuities & Life, Inc., 7.30%<sup>(1)</sup> | 347782 | 8385024 |
| First Busey Corp., Series B, 8.25%\* | 783194 | 19814808 |
| Flagstar Financial, Inc., Series A, 6.38%<sup>(1)</sup> | 2146595 | 44799438 |
| Franklin BSP Realty Trust, Inc., Series E, 7.50%<sup>(1)</sup> | 151670 | 3285172 |
| Gladstone Investment Corp., 7.88%<sup>(1)</sup> | 167752 | 4244126 |
| Invesco Mortgage Capital, Inc., Series C, 7.50%<sup>(1)</sup> | 655414 | 15900344 |
| Kemper Corp., 5.88%<sup>(1)</sup> | 145651 | 3478146 |
| KeyCorp, Series E, 6.13% | 5000 | 124800 |
| KKR & Co., Inc., Series D, 6.25% | 655432 | 37654568 |
| KKR & Co., Inc., Series T, 6.88%\* | 713778 | 18372646 |
| Live Oak Bancshares, Inc., Series A, 8.38%\* | 700000 | 17395000 |
| Medallion Bank/Salt Lake City UT, Series G, 9.00%\* | 320914 | 8151216 |
| Merchants Bancorp, 7.63% | 795324 | 18212920 |
| Merchants Bancorp, Series C, 6.00%<sup>(1)</sup> | 222512 | 4399062 |
| MFA Financial, Inc., Series B, 7.50%<sup>(1)</sup> | 555841 | 12211827 |
| MFA Financial, Inc., Series C, 9.90%<sup>(1)</sup> | 1137521 | 27903390 |
| Midland States Bancorp, Inc., 7.75% | 17038 | 413853 |
| Navient Corp., 6.00%<sup>(1)</sup> | 278490 | 5294095 |

---

Schedule of Investments - Virtus InfraCap U.S. Preferred Stock ETF (continued)

July 31, 2025 (unaudited)

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| **PREFERRED STOCKS (continued)** |  |  |
| **Financials (continued)** |  |  |
| New York Community Capital Trust V, 6.00%<sup>(1)</sup> | 914304 | $36115008 |
| New York Mortgage Trust, Inc., 9.13%<sup>(1)</sup> | 218185 | 5323714 |
| New York Mortgage Trust, Inc., 9.88%\* | 307256 | 7666037 |
| New York Mortgage Trust, Inc., Series D, 8.00%<sup>(1)</sup> | 1573956 | 34202064 |
| New York Mortgage Trust, Inc., Series E, 11.28%<sup>(1)</sup> | 977887 | 24212482 |
| NewtekOne, Inc., 8.63%<sup>(1)</sup> | 508664 | 12752207 |
| Oxford Lane Capital Corp., Series 2029, 6.00%<sup>(1)</sup> | 21992 | 514833 |
| Oxford Lane Capital Corp., Series 2032, 7.95% | 114089 | 2853366 |
| Pearl Diver Credit Co., Inc., Series A, 8.00%<sup>(1)</sup> | 60803 | 1527870 |
| PennyMac Mortgage Investment Trust, 9.00%\* | 128207 | 3260144 |
| PennyMac Mortgage Investment Trust, Series A, 8.13%<sup>(1)</sup> | 298747 | 7154991 |
| PennyMac Mortgage Investment Trust, Series B, 8.00%<sup>(1)</sup> | 967453 | 23305943 |
| PennyMac Mortgage Investment Trust, Series C, 6.75%<sup>(1)</sup> | 166321 | 3103550 |
| Prospect Capital Corp., Series A, 5.35%<sup>(1)</sup> | 988478 | 17061130 |
| Ready Capital Corp., 9.00%<sup>(1)</sup> | 398706 | 9261940 |
| Redwood Trust, Inc., 9.00%<sup>(1)</sup> | 394981 | 9499293 |
| Redwood Trust, Inc., 9.13%<sup>(1)</sup> | 144039 | 3549121 |
| Redwood Trust, Inc., 10.00%<sup>(1)</sup> | 16042 | 405061 |
| Regions Financial Corp., 6.95%<sup>(1)</sup> | 674126 | 17203696 |
| Rithm Capital Corp., Series C, 9.56%<sup>(1)</sup> | 264859 | 6698284 |
| Rithm Capital Corp., Series D, 7.00%<sup>(1)</sup> | 29246 | 715942 |
| Rithm Property Trust, Inc., 9.88% | 207342 | 5254046 |
| RiverNorth Opportunities Fund, Inc., Series A, 6.00%<sup>(1)</sup> | 124248 | 2867644 |
| SLM Corp., Series B, 6.28%<sup>(1)</sup> | 382968 | 28914084 |
| Sound Point Meridian Capital, Inc., <br> 8.00%<sup>(1)</sup> | 250589 | 6321784 |
| Synchrony Financial, Series A, 5.63%<sup>(1)</sup> | 825935 | 16279179 |
| Synchrony Financial, Series B, 8.25% | 45094 | 1169738 |
| Texas Capital Bancshares, Inc., Series B, 5.75%<sup>(1)</sup> | 10015 | 206109 |
| TPG RE Finance Trust, Inc., Series C, 6.25%<sup>(1)</sup> | 29428 | 528821 |
| Trinity Capital, Inc., 7.88%<sup>(1)</sup> | 535330 | 13585950 |
| Two Harbors Investment Corp., Series B, 7.63%<sup>(1)</sup> | 968937 | 22479338 |
| Two Harbors Investment Corp., Series C, 9.57%<sup>(1)</sup> | 1381985 | 32835964 |
| UMB Financial Corp., 7.75%\* | 166134 | 4352711 |
| Valley National Bancorp, Series A, <br> 8.41%<sup>(1)</sup> | 1092294 | 27624115 |
| Valley National Bancorp, Series B, <br> 8.43%<sup>(1)</sup> | 149000 | 3748840 |
| Valley National Bancorp, Series C, <br> 8.25%<sup>(1)</sup> | 920870 | 23675568 |
| Webster Financial Corp., Series F, 5.25% | 7664 | 148145 |
| Western Alliance Bancorp, Series A, 4.25% | 375064 | 8378930 |
| Wintrust Financial Corp., Series F, 7.88%\* | 175777 | 4605357 |
| Total Financials |  | 1157060781 |
| **Industrials - 9.2%** |  |  |
| Atlas Corp., Series H, 7.88% (Canada) | 17364 | 459278 |
| Babcock & Wilcox Enterprises, Inc., Series A, 7.75% | 1637681 | 15951013 |

---

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| **PREFERRED STOCKS (continued)** |  |  |
| **Industrials (continued)** |  |  |
| Boeing Co., 6.00% | 341481 | $24142707 |
| Chart Industries, Inc., Series B, 6.75% | 154587 | 11066883 |
| FTAI Aviation Ltd., Series C, 8.25% | 17739 | 450925 |
| Pitney Bowes, Inc., 6.70%<sup>(1)</sup> | 1018945 | 21520118 |
| Triton International Ltd., 6.88%<br> (Bermuda)<sup>(1)</sup> | 542845 | 12110872 |
| Triton International Ltd., 7.38%<br> (Bermuda)<sup>(1)</sup> | 1103066 | 26760381 |
| Triton International Ltd., 7.63% (Bermuda) | 1200778 | 30103505 |
| Triton International Ltd., Series E, 5.75% (Bermuda)<sup>(1)</sup> | 632269 | 12303955 |
| Total Industrials |  | 154869637 |
| **Information Technology - 0.7%** |  |  |
| Hewlett Packard Enterprise Co., 7.63% | 51754 | 3105240 |
| MicroStrategy, Inc., Series A, 9.00%\* | 90348 | 8536079 |
| MicroStrategy, Inc., Series A, 10.00%\* | 302 | 25791 |
| Total Information Technology |  | 11667110 |
| **Materials - 1.1%** |  |  |
| Ramaco Resources, Inc., 8.25%\* | 342000 | 8473050 |
| Ramaco Resources, Inc., 8.38%<sup>(1)</sup> | 382091 | 9655440 |
| Total Materials |  | 18128490 |
| **Real Estate - 23.9%** |  |  |
| Armada Hoffler Properties, Inc., Series A, 6.75%<sup>(1)</sup> | 14329 | 308790 |
| Braemar Hotels & Resorts, Inc., Series B, 5.50%<sup>(1)</sup> | 469691 | 6167043 |
| Braemar Hotels & Resorts, Inc., Series D, 8.25%<sup>(1)</sup> | 152066 | 3176659 |
| City Office REIT, Inc., Series A,<br> 6.63%<sup>(1)</sup> | 263148 | 6533965 |
| CTO Realty Growth, Inc., Series A,<br> 6.38%<sup>(1)</sup> | 315929 | 6782996 |
| DiamondRock Hospitality Co., 8.25%<sup>(1)</sup> | 13794 | 349126 |
| Digital Realty Trust, Inc., Series L, 5.20%<sup>(1)</sup> | 27863 | 590974 |
| Diversified Healthcare Trust, 5.63%<sup>(1)</sup> | 1963993 | 33034362 |
| Diversified Healthcare Trust, 6.25%<sup>(1)</sup> | 1691718 | 29757320 |
| EPR Properties, Series C, 5.75% | 30 | 733 |
| EPR Properties, Series E, 9.00%<sup>(1)</sup> | 305527 | 9550774 |
| EPR Properties, Series G, 5.75%<sup>(1)</sup> | 656044 | 13717880 |
| Gladstone Land Corp., Series B, 6.00% | 5135 | 101416 |
| Global Net Lease, Inc., Series A, 7.25%<sup>(1)</sup> | 871309 | 19587026 |
| Global Net Lease, Inc., Series B, 6.88%<sup>(1)</sup> | 764474 | 16313875 |
| Global Net Lease, Inc., Series D, 7.50%<sup>(1)</sup> | 1643539 | 37965751 |
| Global Net Lease, Inc., Series E, 7.38%<sup>(1)</sup> | 470605 | 10729794 |
| Hudson Pacific Properties, Inc., Series C, 4.75%<sup>(1)</sup> | 1218151 | 18138268 |
| LXP Industrial Trust, Series C, 6.50%<sup>(1)</sup> | 43977 | 2043171 |
| National Healthcare Properties, Series B, 7.13%<sup>(1)</sup> | 540334 | 8780427 |
| Office Properties Income Trust, 6.38%<sup>(1)</sup> | 636284 | 4670325 |
| Pebblebrook Hotel Trust, Series E, <br> 6.38%<sup>(1)</sup> | 100365 | 1881844 |
| Pebblebrook Hotel Trust, Series F, <br> 6.30%<sup>(1)</sup> | 635426 | 12168408 |
| Pebblebrook Hotel Trust, Series G, <br> 6.38%<sup>(1)</sup> | 215350 | 4039966 |
| Pebblebrook Hotel Trust, Series H,<br> 5.70%<sup>(1)</sup> | 134384 | 2250932 |
| Regency Centers Corp., Series B, 5.88%<sup>(1)</sup> | 223478 | 5055072 |
| RLJ Lodging Trust, Series A, 1.95%<sup>(1)</sup> | 1557305 | 38076107 |

---

Schedule of Investments - Virtus InfraCap U.S. Preferred Stock ETF (continued)

July 31, 2025 (unaudited)

---

| | | |
|:---|:---|:---|
| **Security Description** | **Shares** | **Value** |
| **PREFERRED STOCKS (continued)** |  |  |
| **Real Estate (continued)** |  |  |
| Saul Centers, Inc., Series E, 6.00%<sup>(1)</sup> | 893561 | $19828119 |
| SL Green Realty Corp., Series I, 6.50%<sup>(1)</sup> | 344620 | 7729827 |
| Summit Hotel Properties, Inc., Series E, 6.25%<sup>(1)</sup> | 534093 | 9955494 |
| Summit Hotel Properties, Inc., Series F, 5.88%<sup>(1)</sup> | 178241 | 3290329 |
| Sunstone Hotel Investors, Inc., Series H, 6.13%<sup>(1)</sup> | 12251 | 255188 |
| Sunstone Hotel Investors, Inc., Series I, 5.70%<sup>(1)</sup> | 123469 | 2413819 |
| Vornado Realty Trust, Series L, 5.40%<sup>(1)</sup> | 752386 | 13535424 |
| Vornado Realty Trust, Series M, 5.25%<sup>(1)</sup> | 1192541 | 20976796 |
| Vornado Realty Trust, Series N, 5.25%<sup>(1)</sup> | 962850 | 16849875 |
| Vornado Realty Trust, Series O, 4.45%<sup>(1)</sup> | 896128 | 13352307 |
| Total Real Estate |  | 399960182 |
| **Utilities - 7.0%** |  |  |
| Algonquin Power & Utilities Corp., Series 19-A, 8.86% (Canada) | 2623 | 68539 |
| Brookfield BRP Holdings Canada, Inc., 7.25% (Canada)<sup>(1)</sup> | 314994 | 7748853 |
| Brookfield Infrastructure Finance ULC, 7.25% (Canada)<sup>(1)</sup> | 128142 | 3118976 |
| Eagle Point Credit Co., Inc., Series F, 8.00% | 58515 | 1466386 |
| NextEra Energy Capital Holdings, Inc., Series U, 6.50%\* | 1036851 | 26024960 |
| NextEra Energy, Inc., 6.93% | 56375 | 2297281 |
| PG&E Corp., Series A, 6.00% | 5173 | 196626 |
| SCE Trust IV, Series J, 5.38%<sup>(1)</sup> | 2410666 | 57494384 |
| SCE Trust V, Series K, 5.45% | 429478 | 10152860 |
| SCE Trust VI, 5.00%<sup>(1)</sup> | 502391 | 8339691 |
| SCE Trust VII, Series M, 7.50% | 8126 | 187954 |
| Sempra, 5.75% | 9952 | 220835 |
| Total Utilities |  | 117317345 |
| **Total Preferred Stocks** |  |  |
| (Cost $2,011,301,022) |  | **2042212132** |
|  | **Principal** |  |
| **CORPORATE BOND – 1.4%** |  |  |
| **Industrials – 1.4%** |  |  |
| Babcock & Wilcox Enterprises, Inc., 8.75%, 06/30/30<sup>(2)</sup> |  |  |
| (Cost $22,605,000) | 22605000 | **22838736** |
|  | **Shares** |  |
| **COMMON STOCK - 0.0%<sup>(3)</sup>** |  |  |
| **Utilities - 0.0%<sup>(3)</sup>** |  |  |
| Algonquin Power & Utilities Corp. (Canada) |  |  |
| (Cost $104,276) | 21798 | **128608** |
| **TOTAL INVESTMENTS - 123.4%** |  |  |
| (Cost $2,034,010,298) |  | **2065179476** |
| Liabilities in Excess of Other Assets - (23.4)% |  | (391373903) |
| **Net Assets - 100.0%** |  | $**1673805573** |

---

\* Non-income producing security.

† Amounts
 represent investments in particular sectors. No industry within these sectors represented more than 25% of the Fund's
 total assets at the time of investment.

(1) Security,
 or a portion thereof, has been pledged as collateral for borrowings. The aggregate market value of the collateral at July
 31, 2025 was $1,433,123,902, or 85.6% of net assets.

(2) 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 July 31, 2025, the aggregate
 value of these securities was $22,838,736, or 1.4% of net assets.

(3) Amount
 rounds to less than 0.05%.

Schedule of Investments - Virtus InfraCap U.S. Preferred Stock ETF (continued)

July 31, 2025 (unaudited)

**Fair Value Measurements**

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

The following table summarizes valuation of the Fund's investments under the fair value hierarchy levels as of July 31, 2025.

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1** | **Level 2** | **Level 3** | **Total** |
| **Asset Valuation Inputs** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Preferred Stocks | $2042212132 | $— | $— | $2042212132 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Corporate Bond |  | 22838736 |  | 22838736 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Common Stock | 128608 |  |  | 128608 |
| **Total** | $**2042340740** | $**22838736** | $**—** | $**2065179476** |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** ETFis Series Trust I

- **b. Investment Company Act file number:** 811-22819

- **c. CIK number of Registrant:** 0001559109

- **d. LEI of Registrant:** 5493002CWTVLBPSYFT98

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

  - **Street Address 1:** 31 West 52nd Street

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10019

  - **Telephone number:** 347-903-7347

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

- **a. Name of Series:** Virtus InfraCap U.S. Preferred Stock ETF

- **b. EDGAR series identifier (if any):** S000059080

- **c. LEI of Series:** 549300MWBLUUH494LE10

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

- **a. Date of fiscal year-end:** 2025-10-31

- **b. Date as of which information is reported:** 2025-07-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $2072211604.29

**Total Liabilities:** $398426626.78

**Net Assets:** $1673784977.51

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000193703 | -0.45%               | 1.64%                | 4.83%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $2435438.46              | $-14511352.43                              |
| Month 2  | $1317154.98              | $8317497.36                                |
| Month 3  | $2922259.29              | $63986062.47                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ANGEL OAK MORTGAGE REIT        | Angel Oak Mortgage REIT Inc           | CUSIP: 03464Y207<br>LEI: 5493008M8D7W7VZZ7V36 | Long             | EP               | CORP              | US        |     44111 | NS      | $1103657.22   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| VORNADO REALTY TRUST           | Vornado Realty Trust                  | CUSIP: 929042794<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    896128 | NS      | $13352307.20  | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| PROSPECT CAPITAL CORP          | Prospect Capital Corp                 | CUSIP: 74348T565<br>LEI: 549300FSD8T39P5Q0O47 | Long             | EP               | CORP              | US        |    988478 | NS      | $17061130.28  | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| BROOKFIELD FINANCE INC         | Brookfield Finance Inc                | CUSIP: 11271L102<br>LEI: 549300XH8D8K6OYWGD17 | Long             | EP               | CORP              | CA        |       207 | NS      | $3307.86      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| AG MORTGAGE INVEST TR          | AG Mortgage Investment Trust Inc      | CUSIP: 001228709<br>LEI: 549300SNP0PBR2XTFR48 | Long             | EP               | CORP              | US        |    230501 | NS      | $5857030.41   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| TRITON INTERNATIONAL LTD       | Triton International Ltd              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | BM        |   1200778 | NS      | $30103504.46  | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| LXP INDUSTRIAL TRUST           | LXP Industrial Trust                  | CUSIP: 529043309<br>LEI: 549300S4MH2ICXDBFV43 | Long             | EP               | CORP              | US        |     43977 | NS      | $2043171.42   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| TRINITY CAPITAL INC/MD         | Trinity Capital Inc                   | CUSIP: 896442704<br>LEI: 549300YGT4SBRQYDVU48 | Long             | EP               | CORP              | US        |    474540 | NS      | $12048570.60  | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| BRIGHTHOUSE FINANCIAL IN       | Brighthouse Financial Inc             | CUSIP: 10922N301<br>LEI: 5493003T8SZSHOGGAW52 | Long             | EP               | CORP              | US        |    104026 | NS      | $1720590.04   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| GLOBAL NET LEASE INC           | Global Net Lease Inc                  | CUSIP: 379378508<br>LEI: 549300NUYANCT5SU8Z65 | Long             | EP               | CORP              | US        |   1643539 | NS      | $37965750.90  | 2.27%             |  |  |  | No            |                  1 | On Loan: No      |
| PENNYMAC MTGE INVESTMENT       | PENNYMAC MTGE INVESTMENT              | CUSIP: 70931T301<br>LEI: 549300BSSOQO1ZWDUJ97 | Long             | EP               | CORP              | US        |    298747 | NS      | $7154990.65   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| WINTRUST FINANCIAL CORP        | Wintrust Financial Corp               | CUSIP: 97650W702<br>LEI: Q774KI4AW80FHFW33O61 | Long             | EP               | CORP              | US        |    175777 | NS      | $4605357.40   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| BROOKFIELD BRP HOLDINGS        | Brookfield BRP Holdings Canada Inc    | CUSIP: 11259P307<br>LEI: 549300NSPD7QJ50GZW26 | Long             | EP               | CORP              | CA        |    314994 | NS      | $7748852.40   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| DIAMONDROCK HOSPITALITY        | DiamondRock Hospitality Co            | CUSIP: 252784400<br>LEI: 529900KKD4BPVBUAQ734 | Long             | EP               | CORP              | US        |     13794 | NS      | $349126.14    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| LIVE OAK BANCSHARES            | Live Oak Bancshares Inc               | CUSIP: 53803X402<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    700000 | NS      | $17395000.00  | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| VORNADO REALTY TRUST           | Vornado Realty Trust                  | CUSIP: 929042810<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    962850 | NS      | $16849875.00  | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| F&G ANNUITIES & LIFE INC       | F&G Annuities & Life Inc              | CUSIP: 30190A609<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    347782 | NS      | $8385024.02   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| EAGLE POINT INSTL INCOME       | Eagle Point Institutional Income Fund | CUSIP: 269819207<br>LEI: 549300I7NG18O8F3CM18 | Long             | EP               | CORP              | US        |    140001 | NS      | $3516083.11   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| BRIGHTHOUSE FINANCIAL IN       | Brighthouse Financial Inc             | CUSIP: 10922N889<br>LEI: 5493003T8SZSHOGGAW52 | Long             | EP               | CORP              | US        |    216554 | NS      | $2576992.60   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| SEMPRA                         | Sempra                                | CUSIP: 816851604<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | EP               | CORP              | US        |      9952 | NS      | $220834.88    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ASPEN INSURANCE HLDG LTD       | Aspen Insurance Holdings Ltd          | CUSIP: 000000000<br>LEI: 549300YX6HECG9XQCQ75 | Long             | EP               | CORP              | BM        |   1121673 | NS      | $27705323.10  | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| AG MORTGAGE INVEST TR          | AG Mortgage Investment Trust Inc      | CUSIP: 001228402<br>LEI: 549300SNP0PBR2XTFR48 | Long             | EP               | CORP              | US        |    509711 | NS      | $12885494.08  | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| KKR & CO INC                   | KKR & Co Inc                          | CUSIP: 48251W609<br>LEI: 54930013V5I303TF9571 | Long             | EP               | CORP              | US        |    713778 | NS      | $18372645.72  | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| KKR & CO INC                   | KKR & Co Inc                          | CUSIP: 48251W500<br>LEI: 54930013V5I303TF9571 | Long             | EP               | CORP              | US        |    655432 | NS      | $37654568.40  | 2.25%             |  |  |  | No            |                  1 | On Loan: No      |
| SUNSTONE HOTEL INVESTORS       | Sunstone Hotel Investors Inc          | CUSIP: 867892887<br>LEI: 529900ZQ2V52V96ATF67 | Long             | EP               | CORP              | US        |    123469 | NS      | $2413818.95   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| PENNYMAC MTGE INVESTMENT       | PennyMac Mortgage Investment Trust    | CUSIP: 70931T509<br>LEI: 549300BSSOQO1ZWDUJ97 | Long             | EP               | CORP              | US        |    166321 | NS      | $3103549.86   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| DIGITALBRIDGE GROUP INC        | DigitalBridge Group Inc               | CUSIP: 25401T306<br>LEI: 549300XG87L902AGBO89 | Long             | EP               | CORP              | US        |    120468 | NS      | $2671980.24   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| FLAGSTAR FINANCIAL INC         | Flagstar Financial Inc                | CUSIP: 649445202<br>LEI: 529900HVXOTLY61GL030 | Long             | EP               | CORP              | US        |   2146595 | NS      | $44799437.65  | 2.68%             |  |  |  | No            |                  1 | On Loan: No      |
| PENNYMAC MTGE INVESTMENT       | PennyMac Mortgage Investment Trust    | CUSIP: 70931T806<br>LEI: 549300BSSOQO1ZWDUJ97 | Long             | EP               | CORP              | US        |     46189 | NS      | $1169505.48   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| EAGLE PT INCOME CO INC         | Eagle Point Income Co Inc             | CUSIP: 269817409<br>LEI: 549300P8ZFJDPIJWXX37 | Long             | EP               | CORP              | US        |     55680 | NS      | $1402022.40   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| COREBRIDGE FINANCIAL INC       | Corebridge Financial Inc              | CUSIP: 21871X208<br>LEI: 549300XY1661QCIA7J65 | Long             | EP               | CORP              | US        |    875674 | NS      | $21270121.46  | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| WESTERN ALLIANCE BANCORP       | Western Alliance Bancorp              | CUSIP: 957638406<br>LEI: 5493003VJXZ5JXT9S762 | Long             | EP               | CORP              | US        |    375064 | NS      | $8378929.76   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| SAUL CENTERS INC               | Saul Centers Inc                      | CUSIP: 804395879<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    893561 | NS      | $19828118.59  | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| SLM CORP                       | SLM Corp                              | CUSIP: 78442P502<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    382968 | NS      | $28914084.00  | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| SCE TRUST IV                   | SCE Trust IV                          | CUSIP: 78409G206<br>LEI: N/A                  | Long             | EP               | CORP              | US        |   2410666 | NS      | $57494384.10  | 3.43%             |  |  |  | No            |                  1 | On Loan: No      |
| SL GREEN REALTY CORP           | SL Green Realty Corp                  | CUSIP: 78440X507<br>LEI: 549300VQZPJU97H3GT17 | Long             | EP               | CORP              | US        |    344620 | NS      | $7729826.60   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| KEYCORP                        | KeyCorp                               | CUSIP: 493267702<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | EP               | CORP              | US        |      5000 | NS      | $124800.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| TRINITY CAPITAL INC/MD         | Trinity Capital Inc                   | CUSIP: 896442605<br>LEI: 549300YGT4SBRQYDVU48 | Long             | EP               | CORP              | US        |     60790 | NS      | $1537379.10   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| CHART INDUSTRIES INC           | Chart Industries Inc                  | CUSIP: 16115Q407<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | EP               | CORP              | US        |    154587 | NS      | $11066883.33  | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| BABCOCK & WILCOX ENTERPR       | Babcock & Wilcox Enterprises Inc      | CUSIP: 05614LAB6<br>LEI: 5493006H661OZN2C0T54 | Long             | DBT              | CORP              | US        |  22605000 | PA      | $22838735.70  | 1.36%             | 2030-06-30      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| NATL HEALTHCARE PROP INC       | National Healthcare Properties Inc    | CUSIP: 42226B303<br>LEI: 549300Z2NSUGF5NF2Y30 | Long             | EP               | CORP              | US        |    540334 | NS      | $8780427.50   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| TELEPHONE & DATA SYS           | Telephone and Data Systems Inc        | CUSIP: 879433787<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    853548 | NS      | $18095217.60  | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| MICROSTRATEGY INC              | MicroStrategy Inc                     | CUSIP: 594972853<br>LEI: 549300WQTWEJUEHXQX21 | Long             | EP               | CORP              | US        |     90348 | NS      | $8536079.04   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| ATLAS CORP                     | Atlas Corp                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | HK        |     17364 | NS      | $459277.80    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| REGENCY CENTERS CORP           | Regency Centers Corp                  | CUSIP: 758849871<br>LEI: 529900053A7X7FJ97S58 | Long             | EP               | CORP              | US        |    223478 | NS      | $5055072.36   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| NEW YORK MORTGAGE TRUST        | New York Mortgage Trust Inc           | CUSIP: 649604816<br>LEI: 549300JFGR0M7ULHWG48 | Long             | EP               | CORP              | US        |    307256 | NS      | $7666037.20   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| RITHM CAPITAL CORP             | Rithm Capital Corp                    | CUSIP: 64828T508<br>LEI: 549300WNTHGEO5LP2G31 | Long             | EP               | CORP              | US        |    264859 | NS      | $6698284.11   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| WEBSTER FINANCIAL CORP         | Webster Financial Corp                | CUSIP: 947890505<br>LEI: KMRURHT0VWKYS6Z5KU67 | Long             | EP               | CORP              | US        |      7664 | NS      | $148145.12    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MERCHANTS BANCORP              | Merchants Bancorp/IN                  | CUSIP: 58844R850<br>LEI: 54930008Y0GPVLF81889 | Long             | EP               | CORP              | US        |    795324 | NS      | $18212919.60  | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| NEXTERA ENERGY INC             | NextEra Energy Inc                    | CUSIP: 65339F713<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EP               | CORP              | US        |     56375 | NS      | $2297281.25   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| DIGITALBRIDGE GROUP INC        | DigitalBridge Group Inc               | CUSIP: 25401T405<br>LEI: 549300XG87L902AGBO89 | Long             | EP               | CORP              | US        |    859368 | NS      | $19060782.24  | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| SCE TRUST V                    | SCE Trust V                           | CUSIP: 78409W201<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    429478 | NS      | $10152859.92  | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| GLADSTONE LAND CORP            | Gladstone Land Corp                   | CUSIP: 376549309<br>LEI: 54930002B3Q17H38FG74 | Long             | EP               | CORP              | US        |      5135 | NS      | $101416.25    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ENERGY TRANSFER LP             | Energy Transfer LP                    | CUSIP: 29273V704<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | EP               | CORP              | US        |   3883758 | NS      | $44837986.11  | 2.68%             |  |  |  | No            |                  1 | On Loan: No      |
| VALLEY NATIONAL BANCORP        | Valley National Bancorp               | CUSIP: 919794404<br>LEI: 549300ET52S1UBIB9762 | Long             | EP               | CORP              | US        |    920870 | NS      | $23675567.70  | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| PENNYMAC MTGE INVESTMENT       | PENNYMAC MTGE INVESTMENT              | CUSIP: 70931T400<br>LEI: 549300BSSOQO1ZWDUJ97 | Long             | EP               | CORP              | US        |    967453 | NS      | $23305942.77  | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| NY COMUNITY CAP TRUST V        | New York Community Capital Trust V    | CUSIP: 64944P307<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    914304 | NS      | $36115008.00  | 2.16%             |  |  |  | No            |                  1 | On Loan: No      |
| ARES MANAGEMENT CORP           | Ares Management Corp                  | CUSIP: 03990B309<br>LEI: 529900JUV61FH7B8VW38 | Long             | EP               | CORP              | US        |    485233 | NS      | $27464187.80  | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| VORNADO REALTY TRUST           | Vornado Realty Trust                  | CUSIP: 929042828<br>LEI: N/A                  | Long             | EP               | CORP              | US        |   1192541 | NS      | $20976796.19  | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| BRAEMAR HOTELS & RESORTS       | Braemar Hotels & Resorts Inc          | CUSIP: 10482B200<br>LEI: 549300JDUUEBN868C776 | Long             | EP               | CORP              | US        |    469691 | NS      | $6167042.83   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| ACRES COMMERCIAL REALTY        | ACRES Commercial Realty Corp          | CUSIP: 00489Q300<br>LEI: 549300RUJWPCMY4JFR46 | Long             | EP               | CORP              | US        |     50227 | NS      | $1111523.51   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| RAMACO RESOURCES INC           | Ramaco Resources Inc                  | CUSIP: 75134P709<br>LEI: 5493001BYUI4TCQOPF70 | Long             | EP               | CORP              | US        |    382091 | NS      | $9655439.57   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| COMPASS DIVERSIF HOLDING       | Compass Diversified Holdings          | CUSIP: 20451Q203<br>LEI: 5299001SM1LBYANJRR58 | Long             | EP               | CORP              | US        |    847214 | NS      | $14148473.80  | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| QWEST CORP                     | Qwest Corp                            | CUSIP: 74913G873<br>LEI: 549300R2L4N683OO1509 | Long             | EP               | CORP              | US        |   1389102 | NS      | $27823713.06  | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| PEBBLEBROOK HOTEL TRUST        | Pebblebrook Hotel Trust               | CUSIP: 70509V605<br>LEI: 5493004Q1NNH6JXCSI52 | Long             | EP               | CORP              | US        |    100365 | NS      | $1881843.75   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| HUDSON PACIFIC PROPERTIE       | Hudson Pacific Properties Inc         | CUSIP: 444097307<br>LEI: N/A                  | Long             | EP               | CORP              | US        |   1218151 | NS      | $18138268.39  | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| DIVERSIFIED HEALTHCARE T       | Diversified Healthcare Trust          | CUSIP: 25525P305<br>LEI: N/A                  | Long             | EP               | CORP              | US        |   1691718 | NS      | $29757319.62  | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| SCE TRUST VI                   | SCE Trust VI                          | CUSIP: 78410V200<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    502391 | NS      | $8339690.60   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| REDWOOD TRUST INC              | Redwood Trust Inc                     | CUSIP: 758075873<br>LEI: DRBV4N1ERQLEMIF11G78 | Long             | EP               | CORP              | US        |    394981 | NS      | $9499293.05   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| SYNCHRONY FINANCIAL            | Synchrony Financial                   | CUSIP: 87165B202<br>LEI: 549300RS7EWPM9MA6C78 | Long             | EP               | CORP              | US        |    825935 | NS      | $16279178.85  | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| EAGLE PT INCOME CO INC         | Eagle Point Income Co Inc             | CUSIP: 269817300<br>LEI: 549300P8ZFJDPIJWXX37 | Long             | EP               | CORP              | US        |     20444 | NS      | $511304.44    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| OXFORD LANE CAPITAL CORP       | Oxford Lane Capital Corp              | CUSIP: 691543805<br>LEI: 549300G3KO4JNQQD7Z72 | Long             | EP               | CORP              | US        |     21992 | NS      | $514832.72    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| OFFICE PPTY INCOME TRST        | Office Properties Income Trust        | CUSIP: 67623C208<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    636284 | NS      | $4670324.56   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| QWEST CORP                     | Qwest Corp                            | CUSIP: 74913G881<br>LEI: 549300R2L4N683OO1509 | Long             | EP               | CORP              | US        |   1615793 | NS      | $31992701.40  | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |
| VORNADO REALTY TRUST           | Vornado Realty Trust                  | CUSIP: 929042844<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    752386 | NS      | $13535424.14  | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| TRITON INTERNATIONAL LTD       | Triton International Ltd              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | BM        |   1103066 | NS      | $26760381.16  | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| READY CAPITAL CORP             | Ready Capital Corp                    | CUSIP: 75574U838<br>LEI: 549300MYWGZUG7ZUYO87 | Long             | EP               | CORP              | US        |    398706 | NS      | $9261940.38   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| NEW YORK MORTGAGE TRUST        | New York Mortgage Trust Inc           | CUSIP: 649604824<br>LEI: 549300JFGR0M7ULHWG48 | Long             | EP               | CORP              | US        |    218185 | NS      | $5323714.00   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| CTO REALTY GROWTH INC          | CTO Realty Growth Inc                 | CUSIP: 22948Q200<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    315929 | NS      | $6782995.63   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| EAGLE POINT CREDIT CO          | Eagle Point Credit Co Inc             | CUSIP: 269809877<br>LEI: 549300H82HTZTPXB6822 | Long             | EP               | CORP              | US        |     58515 | NS      | $1466385.90   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| BANC OF CALIFORNIA INC         | Banc of California Inc                | CUSIP: 05990K841<br>LEI: 549300ZKWUJDP6LJ1X87 | Long             | EP               | CORP              | US        |   1746675 | NS      | $43579541.25  | 2.60%             |  |  |  | No            |                  1 | On Loan: No      |
| FORD MOTOR COMPANY             | Ford Motor Co                         | CUSIP: 345370837<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | EP               | CORP              | US        |    194958 | NS      | $4310521.38   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| DIME COMMUNITY BANCSHARE       | Dime Community Bancshares Inc         | CUSIP: 25432X201<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     14050 | NS      | $286620.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| MICROSTRATEGY INC              | MicroStrategy Inc                     | CUSIP: 594972861<br>LEI: 549300WQTWEJUEHXQX21 | Long             | EP               | CORP              | US        |       302 | NS      | $25790.80     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| NEWTEKONE INC                  | NewtekOne Inc                         | CUSIP: 652526872<br>LEI: 549300YLU78IA8GKJ688 | Long             | EP               | CORP              | US        |    508664 | NS      | $12752206.48  | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| ARMADA HOFFLER PROPERTIE       | Armada Hoffler Properties Inc         | CUSIP: 04208T207<br>LEI: 549300WQRSIV6XZT9313 | Long             | EP               | CORP              | US        |     14329 | NS      | $308789.95    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| BRIGHTHOUSE FINANCIAL IN       | Brighthouse Financial Inc             | CUSIP: 10922N509<br>LEI: 5493003T8SZSHOGGAW52 | Long             | EP               | CORP              | US        |     77529 | NS      | $1294734.30   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| GASLOG PARTNERS LP             | GasLog Partners LP                    | CUSIP: 000000000<br>LEI: 5299004R0RSGEG82BS06 | Long             | EP               | CORP              | GR        |    585688 | NS      | $15087322.88  | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| GLOBAL NET LEASE INC           | Global Net Lease Inc                  | CUSIP: 379378607<br>LEI: 549300NUYANCT5SU8Z65 | Long             | EP               | CORP              | US        |    470605 | NS      | $10729794.00  | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| MFA FINANCIAL INC              | MFA Financial Inc                     | CUSIP: 55272X508<br>LEI: YW72IMH2RRC8Z1TGLG58 | Long             | EP               | CORP              | US        |   1137521 | NS      | $27903390.13  | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| PEBBLEBROOK HOTEL TRUST        | Pebblebrook Hotel Trust               | CUSIP: 70509V803<br>LEI: 5493004Q1NNH6JXCSI52 | Long             | EP               | CORP              | US        |    215350 | NS      | $4039966.00   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| ARMOUR RESIDENTIAL REIT        | ARMOUR Residential REIT Inc           | CUSIP: 042315606<br>LEI: 549300K0WA0EJUX74V72 | Long             | EP               | CORP              | US        |    208931 | NS      | $4571410.28   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| NEW YORK MORTGAGE TRUST        | New York Mortgage Trust Inc           | CUSIP: 649604873<br>LEI: 549300JFGR0M7ULHWG48 | Long             | EP               | CORP              | US        |    977887 | NS      | $24212482.12  | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| CHIMERA INVESTMENT CORP        | Chimera Investment Corp               | CUSIP: 16934Q505<br>LEI: 2JBBQFJOL123LOUBE657 | Long             | EP               | CORP              | US        |    878937 | NS      | $20127657.30  | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| SUMMIT HOTEL PROPERTIES        | Summit Hotel Properties Inc           | CUSIP: 866082704<br>LEI: 254900OBQWJK6X20LS71 | Long             | EP               | CORP              | US        |    178241 | NS      | $3290328.86   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| PEARL DIVER CREDIT CO          | Pearl Diver Credit Company Inc        | CUSIP: 70476Q209<br>LEI: 213800HEGMDL5QM8DW11 | Long             | EP               | CORP              | US        |     60803 | NS      | $1527869.94   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| BROOKFIELD OAKTREE HLDGS       | Brookfield Oaktree Holdings LLC       | CUSIP: 674001300<br>LEI: 254900T1ODNFOK2L6090 | Long             | EP               | CORP              | US        |     12594 | NS      | $276060.48    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN NATIONAL GROUP        | American National Group Inc           | CUSIP: 025676859<br>LEI: 549300RK5RZQ740FPL83 | Long             | EP               | CORP              | US        |    709361 | NS      | $17946833.30  | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| ELLINGTON FINANCIAL            | Ellington Financial Inc               | CUSIP: 28852N208<br>LEI: 60GS1D1R1YY5G1W7IT74 | Long             | EP               | CORP              | US        |    525916 | NS      | $13247824.04  | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Algonquin Power & Utilities Co | Algonquin Power & Utilities Corp      | CUSIP: 015857105<br>LEI: 549300K5VIUTJXQL7X75 | Long             | EC               | CORP              | CA        |     21798 | NS      | $128608.20    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| EPR PROPERTIES                 | EPR Properties                        | CUSIP: 26884U505<br>LEI: 549300YSSXFHMPOWZ492 | Long             | EP               | CORP              | US        |    656044 | NS      | $13717880.04  | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| NAVIENT CORP                   | Navient Corp                          | CUSIP: 63938C405<br>LEI: 54930067J0ZNOEBRW338 | Long             | EP               | CORP              | US        |    278490 | NS      | $5294094.90   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| MIDLAND STATES BANCORP         | Midland States Bancorp Inc            | CUSIP: 597742303<br>LEI: 5493006RHXW9TTBWYC94 | Long             | EP               | CORP              | US        |     17038 | NS      | $413853.02    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| REDWOOD TRUST INC              | Redwood Trust Inc                     | CUSIP: 758075865<br>LEI: DRBV4N1ERQLEMIF11G78 | Long             | EP               | CORP              | US        |    144039 | NS      | $3549120.96   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| REGIONS FINANCIAL CORP         | Regions Financial Corp                | CUSIP: 7591EP860<br>LEI: CW05CS5KW59QTC0DG824 | Long             | EP               | CORP              | US        |    674126 | NS      | $17203695.52  | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| CITY OFFICE REIT               | City Office REIT Inc                  | CUSIP: 178587200<br>LEI: 5493003J7157VP25NL57 | Long             | EP               | CORP              | CA        |    263148 | NS      | $6533964.84   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| HP ENTERPRISE CO               | Hewlett Packard Enterprise Co         | CUSIP: 42824C208<br>LEI: 549300BX44RGX6ANDV88 | Long             | EP               | CORP              | US        |     51754 | NS      | $3105240.00   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| ASPEN INSURANCE HLDG LTD       | Aspen Insurance Holdings Ltd          | CUSIP: 000000000<br>LEI: 549300YX6HECG9XQCQ75 | Long             | EP               | CORP              | BM        |     29000 | NS      | $590150.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| CITIZENS FINANCIAL GROUP       | Citizens Financial Group Inc          | CUSIP: 174610808<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | EP               | CORP              | US        |    501292 | NS      | $12567390.44  | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| CHIMERA INVESTMENT CORP        | Chimera Investment Corp               | CUSIP: 16934Q604<br>LEI: 2JBBQFJOL123LOUBE657 | Long             | EP               | CORP              | US        |    852141 | NS      | $21030839.88  | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| AG MORTGAGE INVEST TR          | AG Mortgage Investment Trust Inc      | CUSIP: 001228303<br>LEI: 549300SNP0PBR2XTFR48 | Long             | EP               | CORP              | US        |    419070 | NS      | $9108235.01   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| SEAPEAK LLC                    | Seapeak LLC                           | CUSIP: 000000000<br>LEI: 549300CP38L0UER0I397 | Long             | EP               | CORP              | BM        |      1576 | NS      | $40219.52     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| AGNC INVESTMENT CORP           | AGNC Investment Corp                  | CUSIP: 00123Q609<br>LEI: 5TRACI5HRMELWV32OF39 | Long             | EP               | CORP              | US        |       200 | NS      | $5014.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| TRITON INTERNATIONAL LTD       | Triton International Ltd              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | BM        |    542845 | NS      | $12110871.95  | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| KEMPER CORP                    | Kemper Corp                           | CUSIP: 488401308<br>LEI: 549300FNI1JKTRY2PV09 | Long             | EP               | CORP              | US        |    145651 | NS      | $3478145.88   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| BRAEMAR HOTELS & RESORTS       | Braemar Hotels & Resorts Inc          | CUSIP: 10482B309<br>LEI: 549300JDUUEBN868C776 | Long             | EP               | CORP              | US        |    152066 | NS      | $3176658.74   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| RIVERNORTH OPP FUND INC        | RiverNorth Opportunities Fund Inc     | CUSIP: 76881Y208<br>LEI: 5493001RICR0OU8TM159 | Long             | EP               | CORP              | US        |    124248 | NS      | $2867643.84   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| MFA FINANCIAL INC              | MFA Financial Inc                     | CUSIP: 55272X409<br>LEI: YW72IMH2RRC8Z1TGLG58 | Long             | EP               | CORP              | US        |    555841 | NS      | $12211826.77  | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| PEBBLEBROOK HOTEL TRUST        | Pebblebrook Hotel Trust               | CUSIP: 70509V886<br>LEI: 5493004Q1NNH6JXCSI52 | Long             | EP               | CORP              | US        |    134384 | NS      | $2250932.00   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| BOEING CO/THE                  | Boeing Co/The                         | CUSIP: 097023204<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | EP               | CORP              | US        |    341481 | NS      | $24142706.70  | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| AGNC INVESTMENT CORP           | AGNC Investment Corp                  | CUSIP: 00123Q856<br>LEI: 5TRACI5HRMELWV32OF39 | Long             | EP               | CORP              | US        |      5928 | NS      | $148200.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| GLADSTONE INVESTMENT COR       | Gladstone Investment Corp             | CUSIP: 376546867<br>LEI: 549300HFFTVIBC98Z362 | Long             | EP               | CORP              | US        |    167752 | NS      | $4244125.60   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| TELEPHONE & DATA SYS           | Telephone and Data Systems Inc        | CUSIP: 879433761<br>LEI: N/A                  | Long             | EP               | CORP              | US        |   2049773 | NS      | $37797814.12  | 2.26%             |  |  |  | No            |                  1 | On Loan: No      |
| ARGO GROUP INTERNATIONAL       | Argo Group International Holdings Inc | CUSIP: 040128407<br>LEI: 984500ID778EF9FCDF46 | Long             | EP               | CORP              | US        |      9580 | NS      | $242086.60    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| TEXAS CAPITAL BANCSHARES       | Texas Capital Bancshares Inc          | CUSIP: 88224Q305<br>LEI: 549300466Q2SXRX0YM48 | Long             | EP               | CORP              | US        |     10015 | NS      | $206108.70    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| LIBERTY BROADBAND CORP         | Liberty Broadband Corp                | CUSIP: 530307503<br>LEI: 549300MIX43II8JLN536 | Long             | EP               | CORP              | US        |    129911 | NS      | $3223091.91   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| NEXTERA ENERGY CAPITAL         | NextEra Energy Capital Holdings Inc   | CUSIP: 65339K837<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | EP               | CORP              | US        |   1036851 | NS      | $26024960.10  | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| VALLEY NATIONAL BANCORP        | Valley National Bancorp               | CUSIP: 919794305<br>LEI: 549300ET52S1UBIB9762 | Long             | EP               | CORP              | US        |    149000 | NS      | $3748840.00   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| COMPASS DIVERSIF HOLDING       | Compass Diversified Holdings          | CUSIP: 20451Q302<br>LEI: 5299001SM1LBYANJRR58 | Long             | EP               | CORP              | US        |    956854 | NS      | $17366900.10  | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| BROOKFIELD OAKTREE HLDGS       | Brookfield Oaktree Holdings LLC       | CUSIP: 674001409<br>LEI: 254900T1ODNFOK2L6090 | Long             | EP               | CORP              | US        |     20267 | NS      | $431889.77    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| RITHM PROPERTY TRUST           | Rithm Property Trust Inc              | CUSIP: 38983D862<br>LEI: 5493004ID2QQWNGDYC18 | Long             | EP               | CORP              | US        |    207342 | NS      | $5254046.28   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| GLOBAL NET LEASE INC           | Global Net Lease Inc                  | CUSIP: 379378300<br>LEI: 549300NUYANCT5SU8Z65 | Long             | EP               | CORP              | US        |    871309 | NS      | $19587026.32  | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| CHIMERA INVESTMENT CORP        | Chimera Investment Corp               | CUSIP: 16934Q877<br>LEI: 2JBBQFJOL123LOUBE657 | Long             | EP               | CORP              | US        |     62312 | NS      | $1590825.36   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST BUSEY CORPORATION        | First Busey Corp                      | CUSIP: 319383600<br>LEI: 549300X4ZNLYSX7GUY60 | Long             | EP               | CORP              | US        |    783194 | NS      | $19814808.20  | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| SUMMIT HOTEL PROPERTIES        | Summit Hotel Properties Inc           | CUSIP: 866082605<br>LEI: 254900OBQWJK6X20LS71 | Long             | EP               | CORP              | US        |    534093 | NS      | $9955493.52   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| PG&E CORP                      | PG&E Corp                             | CUSIP: 69331C306<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | EP               | CORP              | US        |      5173 | NS      | $196625.73    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| OXFORD LANE CAPITAL CORP       | Oxford Lane Capital Corp              | CUSIP: 691543854<br>LEI: 549300G3KO4JNQQD7Z72 | Long             | EP               | CORP              | US        |    114089 | NS      | $2853365.89   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| FTAI AVIATION LTD              | FTAI Aviation Ltd                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     17739 | NS      | $450925.38    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| DIGITALBRIDGE GROUP INC        | DigitalBridge Group Inc               | CUSIP: 25401T504<br>LEI: 549300XG87L902AGBO89 | Long             | EP               | CORP              | US        |    817361 | NS      | $18096372.54  | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| GLOBAL NET LEASE INC           | Global Net Lease Inc                  | CUSIP: 379378409<br>LEI: 549300NUYANCT5SU8Z65 | Long             | EP               | CORP              | US        |    764474 | NS      | $16313875.16  | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| FRANKLIN BSP REALTY TRST       | Franklin BSP Realty Trust Inc         | CUSIP: 35243J200<br>LEI: 549300LH3QNZK9Y1KC93 | Long             | EP               | CORP              | US        |    151670 | NS      | $3285172.20   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| REDWOOD TRUST INC              | Redwood Trust Inc                     | CUSIP: 758075808<br>LEI: DRBV4N1ERQLEMIF11G78 | Long             | EP               | CORP              | US        |     16042 | NS      | $405060.50    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| COMPASS DIVERSIF HOLDING       | Compass Diversified Holdings          | CUSIP: 20451Q401<br>LEI: 5299001SM1LBYANJRR58 | Long             | EP               | CORP              | US        |    821071 | NS      | $15181602.79  | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| ENTERPRISE FINANCIAL SER       | Enterprise Financial Services Corp    | CUSIP: 293712303<br>LEI: 5493001XTU5DLD632129 | Long             | EP               | CORP              | US        |    346032 | NS      | $6934481.28   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| TWO HARBORS INV CORP           | Two Harbors Investment Corp           | CUSIP: 90187B309<br>LEI: 549300ZUIBT6KH4HU823 | Long             | EP               | CORP              | US        |    968937 | NS      | $22479338.40  | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| ATLANTICUS HOLDINGS CORP       | Atlanticus Holdings Corp              | CUSIP: 04914Y409<br>LEI: N/A                  | Long             | EP               | CORP              | US        |   1491772 | NS      | $37607572.12  | 2.25%             |  |  |  | No            |                  1 | On Loan: No      |
| MEDALLION BANK UTAH            | Medallion Bank/Salt Lake City UT      | CUSIP: 58404D309<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    320914 | NS      | $8151215.60   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| RLJ LODGING TRUST              | RLJ Lodging Trust                     | CUSIP: 74965L200<br>LEI: N/A                  | Long             | EP               | CORP              | US        |   1557305 | NS      | $38076107.25  | 2.27%             |  |  |  | No            |                  1 | On Loan: No      |
| RAMACO RESOURCES INC           | Ramaco Resources Inc                  | CUSIP: 75134P808<br>LEI: 5493001BYUI4TCQOPF70 | Long             | EP               | CORP              | US        |    342000 | NS      | $8473050.00   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| ACRES COMMERCIAL REALTY        | ACRES Commercial Realty Corp          | CUSIP: 00489Q201<br>LEI: 549300RUJWPCMY4JFR46 | Long             | EP               | CORP              | US        |     92134 | NS      | $2291372.58   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| UMB FINANCIAL CORP             | UMB Financial Corp                    | CUSIP: 902788405<br>LEI: 549300MGEH3N3CUCV828 | Long             | EP               | CORP              | US        |    166134 | NS      | $4352710.80   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| BABCOCK & WILCOX ENTERPR       | Babcock & Wilcox Enterprises Inc      | CUSIP: 05614L407<br>LEI: 5493006H661OZN2C0T54 | Long             | EP               | CORP              | US        |   1637681 | NS      | $15951012.94  | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| CHIMERA INVESTMENT CORP        | Chimera Investment Corp               | CUSIP: 16934Q885<br>LEI: 2JBBQFJOL123LOUBE657 | Long             | EP               | CORP              | US        |    108090 | NS      | $2746566.90   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| DIVERSIFIED HEALTHCARE T       | Diversified Healthcare Trust          | CUSIP: 25525P206<br>LEI: N/A                  | Long             | EP               | CORP              | US        |   1963993 | NS      | $33034362.26  | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF NY MELLON CORP         | Bank of New York Mellon Corp/The      | CUSIP: 064058845<br>LEI: WFLLPEPC7FZXENRZV188 | Long             | EP               | CORP              | US        |     99218 | NS      | $2561808.76   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| BROOKFIELD INFRA FIN ULC       | Brookfield Infrastructure Finance ULC | CUSIP: 11276B208<br>LEI: N/A                  | Long             | EP               | CORP              | CA        |    128142 | NS      | $3118976.28   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| CHIMERA INVESTMENT CORP        | CHIMERA INVESTMENT CORP               | CUSIP: 16934Q406<br>LEI: 2JBBQFJOL123LOUBE657 | Long             | EP               | CORP              | US        |    669797 | NS      | $16744925.00  | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| MERCHANTS BANCORP              | Merchants Bancorp/IN                  | CUSIP: 58844R702<br>LEI: 54930008Y0GPVLF81889 | Long             | EP               | CORP              | US        |    222512 | NS      | $4399062.24   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| ALGONQUIN PWR & UTILITY        | Algonquin Power & Utilities Corp      | CUSIP: 015857808<br>LEI: 549300K5VIUTJXQL7X75 | Long             | EP               | CORP              | CA        |      2623 | NS      | $68538.99     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ARBOR REALTY TRUST INC         | Arbor Realty Trust Inc                | CUSIP: 038923868<br>LEI: 549300ASFUWYQO0RW077 | Long             | EP               | CORP              | US        |     22586 | NS      | $401579.08    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| ATLANTICUS HOLDINGS CORP       | Atlanticus Holdings Corp              | CUSIP: 04914Y201<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     52728 | NS      | $1170561.60   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| SYNCHRONY FINANCIAL            | Synchrony Financial                   | CUSIP: 87165B400<br>LEI: 549300RS7EWPM9MA6C78 | Long             | EP               | CORP              | US        |     45094 | NS      | $1169738.36   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| PENNYMAC MTGE INVESTMENT       | PennyMac Mortgage Investment Trust    | CUSIP: 70931T707<br>LEI: 549300BSSOQO1ZWDUJ97 | Long             | EP               | CORP              | US        |     82018 | NS      | $2090638.82   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| CION INVESTMENT CORP           | CION Investment Corp                  | CUSIP: 17259U303<br>LEI: 549300XN70JLF94XKX80 | Long             | EP               | CORP              | US        |    785585 | NS      | $19521787.25  | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| RITHM CAPITAL CORP             | Rithm Capital Corp                    | CUSIP: 64828T706<br>LEI: 549300WNTHGEO5LP2G31 | Long             | EP               | CORP              | US        |     29246 | NS      | $715942.08    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| BRIGHTHOUSE FINANCIAL IN       | Brighthouse Financial Inc             | CUSIP: 10922N707<br>LEI: 5493003T8SZSHOGGAW52 | Long             | EP               | CORP              | US        |    210323 | NS      | $2826741.12   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| SCE TRUST VII                  | SCE Trust VII                         | CUSIP: 783892201<br>LEI: N/A                  | Long             | EP               | CORP              | US        |      8126 | NS      | $187954.38    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| EPR PROPERTIES                 | EPR Properties                        | CUSIP: 26884U208<br>LEI: 549300YSSXFHMPOWZ492 | Long             | EP               | CORP              | US        |        30 | NS      | $732.90       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ABACUS GLOBAL MGMT INC         | Abacus Global Management Inc          | CUSIP: 00258Y203<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     79638 | NS      | $1988560.86   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| TPG RE FINANCE TRUST INC       | TPG RE Finance Trust Inc              | CUSIP: 87266M206<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     29428 | NS      | $528821.16    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| APOLLO GLOBAL MANAGEMENT       | Apollo Global Management Inc          | CUSIP: 03769M304<br>LEI: 254900LMFT1CY9IYB476 | Long             | EP               | CORP              | US        |    442400 | NS      | $33702032.00  | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| EPR PROPERTIES                 | EPR Properties                        | CUSIP: 26884U307<br>LEI: 549300YSSXFHMPOWZ492 | Long             | EP               | CORP              | US        |    305527 | NS      | $9550774.02   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| CHIMERA INVESTMENT CORP        | CHIMERA INVESTMENT CORP               | CUSIP: 16934Q307<br>LEI: 2JBBQFJOL123LOUBE657 | Long             | EP               | CORP              | US        |    354416 | NS      | $7868035.20   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| ARBOR REALTY TRUST INC         | Arbor Realty Trust Inc                | CUSIP: 038923876<br>LEI: 549300ASFUWYQO0RW077 | Long             | EP               | CORP              | US        |     32542 | NS      | $592264.40    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| SOUND POINT MERIDIAN CAP       | Sound Point Meridian Capital Inc      | CUSIP: 83617A207<br>LEI: 2138003DILFQKEPAD871 | Long             | EP               | CORP              | US        |    250589 | NS      | $6321784.12   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| NEW YORK MORTGAGE TRUST        | New York Mortgage Trust Inc           | CUSIP: 649604881<br>LEI: 549300JFGR0M7ULHWG48 | Long             | EP               | CORP              | US        |   1573956 | NS      | $34202063.88  | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| VALLEY NATIONAL BANCORP        | Valley National Bancorp               | CUSIP: 919794206<br>LEI: 549300ET52S1UBIB9762 | Long             | EP               | CORP              | US        |   1092294 | NS      | $27624115.26  | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| TWO HARBORS INV CORP           | Two Harbors Investment Corp           | CUSIP: 90187B507<br>LEI: 549300ZUIBT6KH4HU823 | Long             | EP               | CORP              | US        |   1381985 | NS      | $32835963.60  | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| SUNSTONE HOTEL INVESTORS       | Sunstone Hotel Investors Inc          | CUSIP: 867892804<br>LEI: 529900ZQ2V52V96ATF67 | Long             | EP               | CORP              | US        |     12251 | NS      | $255188.33    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| TRITON INTERNATIONAL LTD       | Triton International Ltd              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | BM        |    632269 | NS      | $12303954.74  | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| PEBBLEBROOK HOTEL TRUST        | Pebblebrook Hotel Trust               | CUSIP: 70509V704<br>LEI: 5493004Q1NNH6JXCSI52 | Long             | EP               | CORP              | US        |    635426 | NS      | $12168407.90  | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| INVESCO MORTGAGE CAPITAL       | INVESCO MORTGAGE CAPITAL              | CUSIP: 46131B506<br>LEI: PV3BDP2HFZL2FNXQBL39 | Long             | EP               | CORP              | US        |    655414 | NS      | $15900343.64  | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| PITNEY BOWES INC               | Pitney Bowes Inc                      | CUSIP: 724479506<br>LEI: 549300N2O26NW4ST6W55 | Long             | EP               | CORP              | US        |   1018945 | NS      | $21520118.40  | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| DIGITAL REALTY TRUST INC       | Digital Realty Trust Inc              | CUSIP: 253868822<br>LEI: 549300HKCZ31D08NEI41 | Long             | EP               | CORP              | US        |     27863 | NS      | $590974.23    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-09-29

**Name of Applicant:** ETFis Series Trust I

**Signature:** Brinton W. Frith

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

**Title:** Treasurer and Principal Financial Officer