# EDGAR Filing Document

**Accession Number:** 0001872253
**File Stem:** 0000940400-26-020916
**Filing Date:** 2026-5
**Character Count:** 23220
**Document Hash:** 1dfdefe3cf97e84d5f84e4ef7ddbfc8b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-020916.hdr.sgml**: 20260526

**ACCESSION NUMBER**: 0000940400-26-020916

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260526

**DATE AS OF CHANGE**: 20260526

**PERIOD START**: 20261231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Total Fund Solution
- **CENTRAL INDEX KEY:** 0001872253

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23724
- **FILM NUMBER:** 261018071

**BUSINESS ADDRESS:**
- **STREET 1:** 810 GLENEAGLES CT
- **STREET 2:** SUITE 106
- **CITY:** BALTIMORE
- **STATE:** MD
- **ZIP:** 21286
- **BUSINESS PHONE:** 703-608-3499

**MAIL ADDRESS:**
- **STREET 1:** 810 GLENEAGLES CT
- **STREET 2:** SUITE 106
- **CITY:** BALTIMORE
- **STATE:** MD
- **ZIP:** 21286

## Series and Classes Contracts Data

### Cromwell Foresight Global Infrastructure Fund (Series ID: S000079359)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000241858 | Institutional Class | CFGIX           |

## Nport-Ex

#### Cromwell

#### Foresight

#### Global

#### Infrastructure

#### Fund

#### Schedules

#### of

#### Investments
March

31,

2026

(Unaudited)

#### Shares

#### Value

#### COMMON

#### STOCKS

#### -

#### 75

#### .2

#### %

#### Digital

#### Infrastructure

#### -

#### 10

#### .3

#### %
Cellnex

Telecom

SA

(a) ..................................................................

67,199

$

2,153,943

Chorus

Ltd.

...........................................................................

197,496

1,059,018

Cordiant

Digital

Infrastructure

Ltd.

........................................................

773,743

1,035,047

Infrastrutture

Wireless

Italiane

SpA

(a) .....................................................

146,382

1,164,483

5,412,491

#### Diversified

#### Infrastructure

#### -

#### 10

#### .1

#### %
3i

Infrastructure

PLC

...................................................................

330,369

1,460,241

Infratil

Ltd.

............................................................................

343,596

2,299,899

International

Public

Partnerships

Ltd.

.....................................................

641,898

1,085,150

Sequoia

Economic

Infrastructure

Income

Fund

Ltd.

........................................

466,451

472,199

5,317,489

#### Electrical

#### Utilities

#### -

#### 14

#### .6

#### %
Elia

Group

SA

.........................................................................

10,639

1,628,981

Exelon

Corp.

..........................................................................

31,778

1,557,758

Hydro

One

Ltd.

(a) .......................................................................

12,708

523,145

National

Grid

PLC

.....................................................................

141,376

2,377,605

SSE

PLC

.............................................................................

47,372

1,631,521

7,719,010

#### Health

#### Care

#### -

#### 2

#### .3

#### %
Chartwell

Retirement

Residences

.......................................................

83,648

1,205,974

#### Renewable

#### Energy

#### -

#### 22

#### .0

#### %
Boralex,

Inc.

-

Class

A

..................................................................

84,532

2,219,378

Brookfield

Renewable

Partners

LP

.......................................................

61,631

2,004,095

Clearway

Energy,

Inc.

-

Class

C

.........................................................

54,179

2,128,693

Greencoat

UK

Wind

PLC

...............................................................

912,846

1,167,657

Grenergy

Renovables

SA

(b) .............................................................

8,982

1,191,659

Northland

Power,

Inc.

..................................................................

108,330

1,811,775

Renewables

Infrastructure

Group

Ltd.

....................................................

1,300,926

1,100,810

11,624,067

#### Transport

#### -

#### 8

#### .6

#### %
Canadian

National

Railway

Co.

..........................................................

13,006

1,334,384

Canadian

Pacific

Kansas

City

Ltd.

.......................................................

16,359

1,283,236

Transurban

Group

.....................................................................

198,740

1,924,487

4,542,107

#### Utilities

#### -

#### 7

#### .3

#### %
American

Water

Works

Co.,

Inc.

.........................................................

7,931

1,079,330

Severn

Trent

PLC

......................................................................

32,611

1,332,544

Terna

-

Rete

Elettrica

Nazionale

.........................................................

127,567

1,454,429

3,866,303

TOTAL

COMMON

STOCKS

(Cost

$

35,519,251)

...........................................................

39,687,441

#### Cromwell

#### Foresight

#### Global

#### Infrastructure

#### Fund

#### Schedules

#### of

#### Investments
(Continued)

March

31,

2026

(Unaudited)

#### Shares

#### Value

#### REAL

#### ESTATE

#### INVESTMENT

#### TRUSTS

#### -

#### 22

#### .0

#### %

#### Digital

#### Infrastructure

#### -

#### 13

#### .6

#### %
American

Tower

Corp.

..................................................................

9,601

$

1,656,941

Crown

Castle,

Inc.

.....................................................................

12,565

1,021,660

Digital

Realty

Trust,

Inc.

................................................................

11,244

2,026,281

Equinix,

Inc.

...........................................................................

2,547

2,496,671

7,201,553

#### Diversified

#### Infrastructure

#### -

#### 1

#### .6

#### %
Easterly

Government

Properties,

Inc.

....................................................

38,561

826,362

#### Health

#### Care

#### -

#### 6

#### .8

#### %
Healthpeak

Properties,

Inc.

.............................................................

81,979

1,346,915

Primary

Health

Properties

PLC

..........................................................

599,765

718,542

Ventas,

Inc.

...........................................................................

18,354

1,500,990

3,566,447

TOTAL

REAL

ESTATE

INVESTMENT

TRUSTS

(Cost

$

10,850,176)

..........................................

11,594,362

TOTAL

INVESTMENTS

-

.2

%

(Cost

$

46,369,427)

.......................................................

$

51,281,803

Other

Assets

in

Excess

of

Liabilities

-

.8

%

................................................................

1,496,163

#### TOTAL

#### NET

#### ASSETS

#### -

#### 100%

#### ...........................................................................

#### $

#### 52,777,966
Percentages

are

stated

as

a

percent

of

net

assets.

LP

-

Limited

Partnership

PLC

-

Public

Limited

Company

SA

-

Sociedad

Anónima

SpA

-

Societa

per

Azioni

(a) Security

is

exempt

from

registration

pursuant

to

Rule

144A

under

the

Securities

Act

of

1933,

as

amended.

These

securities

may

only

be

resold

in

transactions

exempt

from

registration

to

qualified

institutional

investors.

As

of

March

31,

2026,

the

value

of

these

securities

total

$3,841,571

or

7.3%

of

the

Fund's

net

assets.

(b) Non-income

producing

security.

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Total Fund Solution

- **b. Investment Company Act file number:** 811-23724

- **c. CIK number of Registrant:** 0001872253

- **d. LEI of Registrant:** 549300CL4E1CB85QJL55

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

  - **Street Address 1:** 810 Gleneagles Ct

  - **City:** Baltimore

  - **State:** MD

  - **Foreign country:** US

  - **Zip / Postal Code:** 21286

  - **Telephone number:** 888-844-4110

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

- **a. Name of Series:** Cromwell Foresight Global Infrastructure Fund

- **b. EDGAR series identifier (if any):** S000079359

- **c. LEI of Series:** 549300TLDGMT7A0XDI29

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

- **a. Date of fiscal year-end:** 2026-12-31

- **b. Date as of which information is reported:** 2026-03-31

**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:** $52901230.67

**Total Liabilities:** $119801.91

**Net Assets:** $52781428.76

**Cash Not Reported:** $221954.28

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000241858 | 4.44%                | 7.66%                | -3.85%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-264930.72              | $2403960.94                                |
| Month 2  | $-451329.70              | $4258369.68                                |
| Month 3  | $-183288.62              | $-1847191.29                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Easterly Government Properties Inc                  | Easterly Government Properties Inc COM SHS                    | CUSIP: 27616P301<br>LEI: 549300ERMCEFC6S8HL77 | Long             | EC               | CORP              | US        |     38561 | NS      | $826362.23    | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Infrastrutture Wireless Italiane SpA                | Infrastrutture Wireless Italiane SpA NPV                      | CUSIP: 000000000<br>LEI: 81560066183FE361C071 | Long             | EC               | CORP              | IT        |    146382 | NS      | $1164483.43   | 2.21%             |  |  |  | No            |                  2 | On Loan: No      |
| Clearway Energy Inc                                 | Clearway Energy Inc CL C                                      | CUSIP: 18539C204<br>LEI: 549300LHAZ9HA9G3XC48 | Long             | EC               | CORP              | US        |     54179 | NS      | $2128692.91   | 4.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Hydro One Ltd                                       | Hydro One Ltd COM NPV                                         | CUSIP: 448811208<br>LEI: 5493007QZDXTP1W2VL44 | Long             | EC               | CORP              | CA        |     12708 | NS      | $523144.71    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Grenergy Renovables Sa                              | Grenergy Renovables Sa EUR0.35                                | CUSIP: 000000000<br>LEI: 959800M1FVPL5BMW3R13 | Long             | EC               | CORP              | ES        |      8982 | NS      | $1191659.45   | 2.26%             |  |  |  | No            |                  2 | On Loan: No      |
| INFRATIL LTD                                        | Infratil Ltd. ORD NPV                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | NZ        |    343596 | NS      | $2299898.44   | 4.36%             |  |  |  | No            |                  2 | On Loan: No      |
| American Tower Corporation                          | American Tower Corporation COM                                | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | EC               | CORP              | US        |      9601 | NS      | $1656940.58   | 3.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Primary Health Properties PLC                       | Primary Health Properties PLC ORD GBP0.125                    | CUSIP: 000000000<br>LEI: 213800Y5CJHXOATK7X11 | Long             | EC               | CORP              | GB        |    599765 | NS      | $718541.83    | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Cellnex Telecom S.A.U                               | Cellnex Telecom S.A.U EUR0.25                                 | CUSIP: 000000000<br>LEI: 5493008T4YG3AQUI7P67 | Long             | EC               | CORP              | ES        |     67199 | NS      | $2153942.63   | 4.08%             |  |  |  | No            |                  2 | On Loan: No      |
| CANADIAN PACIFIC KANSAS CITY LTD                    | Canadian Pacific Kansas City Ltd. COM                         | CUSIP: 13646K108<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     16359 | NS      | $1283235.81   | 2.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Chorus Ltd                                          | Chorus Ltd NPV                                                | CUSIP: 000000000<br>LEI: R7NJHU48LTCIOB9BVU57 | Long             | EC               | CORP              | NZ        |    197496 | NS      | $1059017.74   | 2.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Boralex Inc                                         | Boralex Inc CL'A'COM NPV                                      | CUSIP: 09950M300<br>LEI: 5493004UT7HNQU2SVR90 | Long             | EC               | CORP              | CA        |     84532 | NS      | $2219377.65   | 4.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Elia Group SA/NV                                    | Elia Group SA/NV NPV                                          | CUSIP: 000000000<br>LEI: 549300S1MP1NFDIKT460 | Long             | EC               | CORP              | BE        |     10639 | NS      | $1628981.19   | 3.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Exelon Corp.                                        | Exelon Corp. COM                                              | CUSIP: 30161N101<br>LEI: 3SOUA6IRML7435B56G12 | Long             | EC               | CORP              | US        |     31778 | NS      | $1557757.56   | 2.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Dreyfus Treasury Obligations Cash Management        | Dreyfus Treasury Obligations Cash Management TREASURY INSTNAL | CUSIP: 261908107<br>LEI: 549300MKKM9KT7BF6329 | Long             | STIV             | RF                | US        |   1271408 | NS      | $1271408.16   | 2.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Equinix, Inc.                                       | Equinix, Inc. COM                                             | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               | CORP              | US        |      2547 | NS      | $2496671.28   | 4.73%             |  |  |  | No            |                  1 | On Loan: No      |
| American Water Works Company, Inc.                  | American Water Works Company, Inc. COM                        | CUSIP: 030420103<br>LEI: 549300DXHIJQMD5WFW18 | Long             | EC               | CORP              | US        |      7931 | NS      | $1079329.79   | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian National Railway Company                   | Canadian National Railway Company COM NPV                     | CUSIP: 136375102<br>LEI: 3SU7BEP7TH9YEQOZCS77 | Long             | EC               | CORP              | CA        |     13006 | NS      | $1334383.63   | 2.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Greencoat UK Wind PLC                               | Greencoat UK Wind PLC ORD GBP0.01                             | CUSIP: 000000000<br>LEI: 213800ZPBBK8H51RX165 | Long             | EC               | CORP              | GB        |    912846 | NS      | $1167656.92   | 2.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Ventas Inc.                                         | Ventas Inc. COM                                               | CUSIP: 92276F100<br>LEI: ORQTRC074CWLT3DKHT41 | Long             | EC               | CORP              | US        |     18354 | NS      | $1500990.12   | 2.84%             |  |  |  | No            |                  1 | On Loan: No      |
| TERNA - Rete Elettrica Nazionale S.p.A.             | TERNA - Rete Elettrica Nazionale S.p.A. ORD EUR0.22           | CUSIP: 000000000<br>LEI: 8156009E94ED54DE7C31 | Long             | EC               | CORP              | IT        |    127567 | NS      | $1454428.92   | 2.76%             |  |  |  | No            |                  2 | On Loan: No      |
| Severn Trent PLC                                    | Severn Trent PLC ORD GBP0.9789                                | CUSIP: 000000000<br>LEI: 213800RPBXRETY4A4C59 | Long             | EC               | CORP              | GB        |     32611 | NS      | $1332544.07   | 2.52%             |  |  |  | No            |                  2 | On Loan: No      |
| BROOKFIELD RENEWABLE PARTNERS LP                    | Brookfield Renewable Partners L P PARTNERSHIP UNITS           | CUSIP: 000000000<br>LEI: VA8DFMRI2GY8Y7V79H93 | Long             | EC               | CORP              | BM        |     61631 | NS      | $2004095.00   | 3.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Northland Power Inc.                                | Northland Power Inc. COM NPV                                  | CUSIP: 666511100<br>LEI: 8945002IJ77NEBK48M81 | Long             | EC               | CORP              | CA        |    108330 | NS      | $1811774.71   | 3.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Sequoia Economic Infrastructure Income Fund Limited | Sequoia Economic Infrastructure Income Fund Limited NPV       | CUSIP: 000000000<br>LEI: 2138006OW12FQHJ6PX91 | Long             | EC               | CORP              | GG        |    466451 | NS      | $472198.83    | 0.89%             |  |  |  | No            |                  2 | On Loan: No      |
| 3I Infrastructure Ltd.                              | 3I Infrastructure Ltd. ORD NPV                                | CUSIP: 000000000<br>LEI: 549300SQ4ZSVSWC6H750 | Long             | EC               | CORP              | JE        |    330369 | NS      | $1460241.07   | 2.77%             |  |  |  | No            |                  2 | On Loan: No      |
| The Renewables Infrastructure Group Ltd             | The Renewables Infrastructure Group Ltd ORD NPV               | CUSIP: 000000000<br>LEI: 213800NO6Q7Q7HMOMT20 | Long             | EC               | CORP              | GG        |   1300926 | NS      | $1100810.00   | 2.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Healthpeak Properties Inc                           | Healthpeak Properties Inc COM                                 | CUSIP: 42250P103<br>LEI: 254900M6MTMZM0I22L81 | Long             | EC               | CORP              | US        |     81979 | NS      | $1346914.97   | 2.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Chartwell Retirement Residences                     | Chartwell Retirement Residences TRUST UNITS                   | CUSIP: 16141A103<br>LEI: 549300M7UBEIZBWP4069 | Long             | EC               | CORP              | CA        |     83648 | NS      | $1205974.53   | 2.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Transurban Group                                    | Transurban Group STAPLED UNITS NPV                            | CUSIP: 000000000<br>LEI: 549300ZR71SUQ4VUTM79 | Long             | EC               | CORP              | AU        |    198740 | NS      | $1924487.44   | 3.65%             |  |  |  | No            |                  2 | On Loan: No      |
| Crown Castle Inc.                                   | Crown Castle Inc. COM                                         | CUSIP: 22822V101<br>LEI: 54930012H97VSM0I2R19 | Long             | EC               | CORP              | US        |     12565 | NS      | $1021660.15   | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Sse PLC                                             | Sse PLC GBP0.50                                               | CUSIP: 000000000<br>LEI: 549300KI75VYLLMSK856 | Long             | EC               | CORP              | GB        |     47372 | NS      | $1631521.54   | 3.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Cordiant Digital Infrastructure Limited             | Cordiant Digital Infrastructure Limited ORD NPV               | CUSIP: 000000000<br>LEI: 213800T8RBBWZQ7FTF84 | Long             | EC               | CORP              | GG        |    773743 | NS      | $1035047.10   | 1.96%             |  |  |  | No            |                  2 | On Loan: No      |
| Digital Realty Trust Inc.                           | Digital Realty Trust Inc. COM                                 | CUSIP: 253868103<br>LEI: 549300HKCZ31D08NEI41 | Long             | EC               | CORP              | US        |     11244 | NS      | $2026281.24   | 3.84%             |  |  |  | No            |                  1 | On Loan: No      |
| National Grid PLC                                   | National Grid PLC ORD GBP0.12431289                           | CUSIP: 000000000<br>LEI: 8R95QZMKZLJX5Q2XR704 | Long             | EC               | CORP              | GB        |    141376 | NS      | $2377605.39   | 4.50%             |  |  |  | No            |                  2 | On Loan: No      |
| International Public Partnerships Limited           | International Public Partnerships Limited ORD GBP0.0001       | CUSIP: 000000000<br>LEI: 2138002AJT55TI5M4W30 | Long             | EC               | CORP              | GG        |    641898 | NS      | $1085150.29   | 2.06%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-05-26

**Name of Applicant:** Total Fund Solution

**Signature:** Brian Nelson

**Name of Signer:** Brian Nelson

**Title:** Treasurer, Principal Financial Officer