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      <invstOrSec>
        <name>Ferro Corp</name>
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        <fairValLevel>2</fairValLevel>
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        <fairValLevel>2</fairValLevel>
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        <name>LifePoint 11/16/25</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Altice Financing SA</name>
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        <invCountry>LU</invCountry>
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        <name>ON Semiconductor Corp</name>
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        <name>REYNOLDS GROUP HOLDINGS</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>DISH DBS CORP</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>MediArena Acquisition BV</name>
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        <title>ENDEMOL (MEDIARE 08/13/22</title>
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        <invCountry>NL</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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        <name>BASS PRO GROUP LLC</name>
        <lei>N/A</lei>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <couponKind>Floating</couponKind>
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        <name>BANIJAY GROUP US HOLDING</name>
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        <title>Banijay Group US Holding Inc</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>FR</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Eastern Power LL 10/02/23</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Talen Energy Supply LLC</name>
        <lei>K5K33XN0PQAU1XF7NN66</lei>
        <title>TALEN ENERGY SUP 07/08/26</title>
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        <invCountry>US</invCountry>
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        <name>JAGUAR HOLDING CO II</name>
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        <name>CINCINNATI BELL INC</name>
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        <title>Cincinnati Bell Inc</title>
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        <name>T-MOBILE USA INC</name>
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        <title>T-Mobile USA Inc</title>
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        <name>CWGS GROUP LLC 11/08/23</name>
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        <title>CWGS GROUP LLC 11/08/23</title>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Nouryon USA LLC</name>
        <lei>549300K7VB5G6LULFT41</lei>
        <title>AkzoNobel (Starf 10/01/25</title>
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        <curCd>USD</curCd>
        <valUSD>73630.42000000</valUSD>
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        <assetCat>LON</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>NeuStar Inc</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>LCPR Loan Financing LLC</name>
        <lei>N/A</lei>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
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        <lei>N/A</lei>
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        <curCd>USD</curCd>
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        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Ineos Enterprise 08/28/26</name>
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        <curCd>USD</curCd>
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        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2026-09-03</maturityDt>
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        <name>HCA Inc</name>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>TEVA PHARMACEUT FIN BV</name>
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        <curCd>USD</curCd>
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        <assetCat>DBT</assetCat>
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        <invCountry>CW</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Internap Corp</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Altice France SA/France</name>
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        <curCd>USD</curCd>
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        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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        <name>Refinitiv US Holdings Inc</name>
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        <name>MKS INSTRUMENTS 02/02/26</name>
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        <name>First Eagle Holdings Inc</name>
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        <name>MACOM TECHNOLOGY SOLUTIONS</name>
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        <name>Consolidated Energy Finance SA</name>
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        <invCountry>LU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>3</fairValLevel>
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        <name>AkzoNobel (Starf 10/01/25</name>
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        <name>DELTA AIR LINES INC</name>
        <lei>Q2CCMS6R0AS67HJMBN42</lei>
        <title>Delta Air Lines Inc</title>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>Ventia Deco LLC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>iHeartCommunications Inc</name>
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        <name>Terrier Media Buyer Inc</name>
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        <name>KAR Auction Services Inc</name>
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        <balance>99250.63000000</balance>
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        <curCd>USD</curCd>
        <valUSD>90814.33000000</valUSD>
        <pctVal>1.115483599971</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-09-19</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>3.17360000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Science Applications International Corp</name>
        <lei>549300LZPNZIXQGZPZ48</lei>
        <title>SAIC 10/31/25</title>
        <cusip>80862QAD3</cusip>
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          <isin value="US80862QAD34"/>
          <other otherDesc="Internal" value="BL2797902 00700"/>
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        <balance>43558.90000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>42642.42000000</valUSD>
        <pctVal>0.523782096648</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
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          <couponKind>Floating</couponKind>
          <annualizedRt>3.50110000</annualizedRt>
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          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Telenet 04/24/28</name>
        <lei>N/A</lei>
        <title>Telenet 04/24/28</title>
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          <isin value="XAB9000TBJ34"/>
          <other otherDesc="Internal" value="BL3290022 00700"/>
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        <balance>100000.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>95625.00000000</valUSD>
        <pctVal>1.174573652058</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-04-30</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>3.74530000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>STARS GROUP HOLDINGS BV</name>
        <lei>549300RNFXC8F8RT6R13</lei>
        <title>Stars Group Holdings BV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="XAN8233BAC62"/>
          <other otherDesc="INTERNAL" value="BL2690198"/>
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        <balance>100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>99750.00000000</valUSD>
        <pctVal>1.225241535088</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-07-10</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>4.71890000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>TENET HEALTHCARE CORP</name>
        <lei>0W9AIBT6U6ADJ2I8HK17</lei>
        <title>Tenet Healthcare Corp</title>
        <cusip>88033GCE8</cusip>
        <identifiers>
          <isin value="US88033GCE89"/>
          <other otherDesc="SEDOL" value="BGM16M6"/>
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        <balance>50000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>50612.50000000</valUSD>
        <pctVal>0.621679570873</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2022-04-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>8.12500000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Charter Communications Operating LLC</name>
        <lei>549300TPZNMN50BJ3745</lei>
        <title>CHARTER COMM OPE 02/01/27</title>
        <cusip>16117LBX6</cusip>
        <identifiers>
          <isin value="US16117LBX64"/>
          <other otherDesc="Internal" value="BL3196914 00700"/>
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        <balance>358848.37000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>346288.68000000</valUSD>
        <pctVal>4.253506504930</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-02-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.67490000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>WESTERN DIGITAL 08/01/25</name>
        <lei>N/A</lei>
        <title>WESTERN DIGITAL 08/01/25</title>
        <cusip>95810DAR2</cusip>
        <identifiers>
          <isin value="US95810DAR26"/>
          <other otherDesc="Internal" value="BL2698498 00700"/>
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        <balance>100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>96750.00000000</valUSD>
        <pctVal>1.188392165611</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-08-01</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>2.76625080</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Waterbridge Operating LLC</name>
        <lei>N/A</lei>
        <title>WATERBRIDGE 6/22/26</title>
        <cusip>94120XAB1</cusip>
        <identifiers>
          <isin value="US94120XAB10"/>
          <other otherDesc="Internal" value="BL3006121 00700"/>
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        <balance>248750.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>165418.75000000</valUSD>
        <pctVal>2.031858879021</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2026-06-21</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>6.95410000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ziggo BV</name>
        <lei>213800TQASLF9JXH5J59</lei>
        <title>ZIGGO BV 04/15/28</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="XAN9833RAJ85"/>
          <other otherDesc="INTERNAL" value="BL3284900"/>
        </identifiers>
        <balance>100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>94125.00000000</valUSD>
        <pctVal>1.156148967320</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>LON</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-04-30</maturityDt>
          <couponKind>Floating</couponKind>
          <annualizedRt>3.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2020-06-23</ncom:dateSigned>
      <ncom:nameOfApplicant>Virtus ETF Trust II</ncom:nameOfApplicant>
      <ncom:signature>Brinton W. Frith</ncom:signature>
      <ncom:signerName>Brinton W. Frith</ncom:signerName>
      <ncom:title>Treasurer and Chief Financial Officer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
