# EDGAR Filing Document

**Accession Number:** 0001540305
**File Stem:** 0000894189-26-002831
**Filing Date:** 2026-1
**Character Count:** 16612
**Document Hash:** 0be79b5aac3cf980b1afec02162cfbb3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-26-002831.hdr.sgml**: 20260129

**ACCESSION NUMBER**: 0000894189-26-002831

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251130

**FILED AS OF DATE**: 20260129

**DATE AS OF CHANGE**: 20260129

**PERIOD START**: 20260228

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ETF Series Solutions
- **CENTRAL INDEX KEY:** 0001540305

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1112

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22668
- **FILM NUMBER:** 26575680

**BUSINESS ADDRESS:**
- **STREET 1:** 615 EAST MICHIGAN ST
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202
- **BUSINESS PHONE:** 414-287-3700

**MAIL ADDRESS:**
- **STREET 1:** 615 EAST MICHIGAN ST
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202

## Series and Classes Contracts Data

### Colterpoint Net Lease Real Estate ETF (Series ID: S000065033)

| Class ID   | Class Name                            | Ticker Symbol   |
|:---|:---|:---|
| C000210573 | Colterpoint Net Lease Real Estate ETF | NETL            |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **Colterpoint Net Lease Real Estate ETF** | **Colterpoint Net Lease Real Estate ETF** | **Colterpoint Net Lease Real Estate ETF** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **November 30, 2025 (Unaudited)** | **November 30, 2025 (Unaudited)** | **November 30, 2025 (Unaudited)** |
| **COMMON STOCKS - 99.3%** | **Shares** | **Value**  |
| **Finance and Insurance - 3.5%** | **Finance and Insurance - 3.5%** | |
| Innovative Industrial Properties, Inc. | 29458 | $1456698 |
| **Real Estate and Rental and Leasing - 95.8% <sup>(a)</sup>** | **Real Estate and Rental and Leasing - 95.8% <sup>(a)</sup>** |  |
| Agree Realty Corp. | 45892 | 3451996 |
| Alpine Income Property Trust, Inc. | 32145 | 557394 |
| Broadstone Net Lease, Inc. | 89785 | 1577522 |
| EPR Properties | 30767 | 1608191 |
| Essential Properties Realty Trust, Inc. | 53292 | 1687225 |
| Four Corners Property Trust, Inc. | 64469 | 1549835 |
| FrontView REIT, Inc. | 49632 | 758377 |
| Gaming and Leisure Properties, Inc. | 30420 | 1324183 |
| Getty Realty Corp. | 58380 | 1662079 |
| Gladstone Commercial Corp. | 118742 | 1313287 |
| Global Net Lease, Inc. | 212084 | 1741210 |
| LXP Industrial Trust | 36764 | 1783054 |
| NETSTREIT Corp. | 91257 | 1672741 |
| NNN REIT, Inc. | 77795 | 3216823 |
| One Liberty Properties, Inc. | 50385 | 1050023 |
| Postal Realty Trust, Inc. - Class A | 92201 | 1432804 |
| Realty Income Corp. | 56811 | 3272882 |
| Safehold, Inc. | 89269 | 1238161 |
| STAG Industrial, Inc. | 45294 | 1779148 |
| VICI Properties, Inc. | 98822 | 2848050 |
| WP Carey, Inc. | 49750 | 3351657 |
|  |  | 38876642 |
| **TOTAL COMMON STOCKS** (Cost $47,210,349) | **TOTAL COMMON STOCKS** (Cost $47,210,349) | 40333340 |
| **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** |
| **MONEY MARKET FUNDS - 0.6%** | **Shares** | **Value**  |
| First American Government Obligations Fund - Class X, 3.92% <sup>(b)</sup> | 225383 | 225383 |
| **TOTAL MONEY MARKET FUNDS** (Cost $225,383) | **TOTAL MONEY MARKET FUNDS** (Cost $225,383) | 225383 |
| **TOTAL INVESTMENTS - 99.9% (**Cost $47,435,732**)** | **TOTAL INVESTMENTS - 99.9% (**Cost $47,435,732**)** | 40558723 |
| Other Assets in Excess of Liabilities - 0.1% | Other Assets in Excess of Liabilities - 0.1% | 23212 |
| **TOTAL NET ASSETS - 100.0%** |  | $40581935 |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. |  |

---

REIT - Real Estate Investment Trust<br>

(a) To the extent that the Fund invests more heavily in particular industries or sectors of the economy, its performance will be especially sensitive to developments that significantly affect those industries or
 sectors.

(b) The rate shown represents the 7-day annualized yield as of November 30, 2025.

------

#### <br>

#### Summary of Fair Value Disclosure as of November 30, 2025 (Unaudited)
Colterpoint Net Lease Real Estate ETF (the "Fund") has adopted fair value accounting standards which establish a definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value, a discussion of changes in valuation techniques and related inputs during the period, and expanded disclosure of valuation levels for major security types. These inputs are summarized in the three broad levels listed below. The inputs or valuation methodology used for valuing securities are not an indication of the risk associated with investing in those securities.

Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access.

Level 2 - 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 instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data.

Level 3 - 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 based on the best information available.

The following is a summary of the fair valuation hierarchy of the Fund's securities as of November 30, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | $40333340 | $– | $– | $40333340 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Money Market Funds | 225383 | – | – | 225383 |
| Total Investments | $40558723 | $– | $– | $40558723 |
| Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** ETF Series Solutions

- **b. Investment Company Act file number:** 811-22668

- **c. CIK number of Registrant:** 0001540305

- **d. LEI of Registrant:** 5493008BB0X0GYS3UI50

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

  - **Street Address 1:** 615 E Michigan Street

  - **City:** Milwaukee

  - **State:** WI

  - **Foreign country:** US

  - **Zip / Postal Code:** 53202

  - **Telephone number:** 414-516-1645

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

- **a. Name of Series:** NETLease Corporate Real Estate ETF

- **b. EDGAR series identifier (if any):** S000065033

- **c. LEI of Series:** 549300BF1J91U6ZBHF60

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

- **a. Date of fiscal year-end:** 2026-02-28

- **b. Date as of which information is reported:** 2025-11-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $40601735.40

**Total Liabilities:** $19801.58

**Net Assets:** $40581933.82

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000210573 | -1.04%               | -2.63%               | 1.83%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-241294.04              | $-597517.31                                |
| Month 2  | $0.00                    | $-1222776.47                               |
| Month 3  | $-4.87                   | $675076.21                                 |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Alpine Income Property Trust I | Alpine Income Property Trust Inc           | CUSIP: 02083X103<br>LEI: 254900VQGUBS1J4C4N33 | Long             | EC               | CORP              | US        |     32145 | NS      | $557394.30    | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| EPR Properties                 | EPR Properties                             | CUSIP: 26884U109<br>LEI: 549300YSSXFHMPOWZ492 | Long             | EC               | CORP              | US        |     30767 | NS      | $1608191.09   | 3.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Innovative Industrial Properti | Innovative Industrial Properties Inc       | CUSIP: 45781V101<br>LEI: 5493008BQ0545EZXRR30 | Long             | EC               | CORP              | US        |     29458 | NS      | $1456698.10   | 3.59%             |  |  |  | No            |                  1 | On Loan: No      |
| LXP Industrial Trust           | LXP Industrial Trust                       | CUSIP: 529043408<br>LEI: 549300S4MH2ICXDBFV43 | Long             | EC               | CORP              | US        |     36764 | NS      | $1783054.00   | 4.39%             |  |  |  | No            |                  1 | On Loan: No      |
| STAG Industrial Inc            | STAG Industrial Inc                        | CUSIP: 85254J102<br>LEI: 549300QWYX2W6FASVQ07 | Long             | EC               | CORP              | US        |     45294 | NS      | $1779148.32   | 4.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadstone Net Lease Inc       | Broadstone Net Lease Inc                   | CUSIP: 11135E203<br>LEI: 549300U8D7PT70B49V21 | Long             | EC               | CORP              | US        |     89785 | NS      | $1577522.45   | 3.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Gladstone Commercial Corp      | Gladstone Commercial Corp                  | CUSIP: 376536108<br>LEI: 529900EVVV534W8R0T32 | Long             | EC               | CORP              | US        |    118742 | NS      | $1313286.52   | 3.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Postal Realty Trust Inc        | Postal Realty Trust Inc                    | CUSIP: 73757R102<br>LEI: 5493007B7ZZSIJRGWC41 | Long             | EC               | CORP              | US        |     92201 | NS      | $1432803.54   | 3.53%             |  |  |  | No            |                  1 | On Loan: No      |
| NNN REIT Inc                   | NNN REIT Inc                               | CUSIP: 637417106<br>LEI: 5493008JKH5SOTI0JS97 | Long             | EC               | CORP              | US        |     77795 | NS      | $3216823.25   | 7.93%             |  |  |  | No            |                  1 | On Loan: No      |
| NETSTREIT Corp                 | NETSTREIT Corp                             | CUSIP: 64119V303<br>LEI: 254900CJL0EDMEQ25Q84 | Long             | EC               | CORP              | US        |     91257 | NS      | $1672740.81   | 4.12%             |  |  |  | No            |                  1 | On Loan: No      |
| VICI Properties Inc            | VICI Properties Inc                        | CUSIP: 925652109<br>LEI: 254900RKH6RY9KCJQH63 | Long             | EC               | CORP              | US        |     98822 | NS      | $2848050.04   | 7.02%             |  |  |  | No            |                  1 | On Loan: No      |
| WP Carey Inc                   | WP Carey Inc                               | CUSIP: 92936U109<br>LEI: 54930042CRNE713E3Q67 | Long             | EC               | CORP              | US        |     49750 | NS      | $3351657.50   | 8.26%             |  |  |  | No            |                  1 | On Loan: No      |
| FrontView REIT Inc             | FrontView REIT Inc                         | CUSIP: 35922N100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     49632 | NS      | $758376.96    | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Gaming and Leisure Properties  | Gaming and Leisure Properties Inc          | CUSIP: 36467J108<br>LEI: 5493006GWRDBCZYWTM57 | Long             | EC               | CORP              | US        |     30420 | NS      | $1324182.60   | 3.26%             |  |  |  | No            |                  1 | On Loan: No      |
| One Liberty Properties Inc     | One Liberty Properties Inc                 | CUSIP: 682406103<br>LEI: 549300QII1CQZGZBZR14 | Long             | EC               | CORP              | US        |     50385 | NS      | $1050023.40   | 2.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Agree Realty Corp              | Agree Realty Corp                          | CUSIP: 008492100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     45892 | NS      | $3451996.24   | 8.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Essential Properties Realty Tr | Essential Properties Realty Trust Inc      | CUSIP: 29670E107<br>LEI: 2549009LXQLVYCGLZO50 | Long             | EC               | CORP              | US        |     53292 | NS      | $1687224.72   | 4.16%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Government Obli | First American Government Obligations Fund | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |    225383 | NS      | $225383.29    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Four Corners Property Trust In | Four Corners Property Trust Inc            | CUSIP: 35086T109<br>LEI: 549300SVTPZPBDVNER42 | Long             | EC               | CORP              | US        |     64469 | NS      | $1549834.76   | 3.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Getty Realty Corp              | Getty Realty Corp                          | CUSIP: 374297109<br>LEI: 2549000P1W5SFJWCNP90 | Long             | EC               | CORP              | US        |     58380 | NS      | $1662078.60   | 4.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Global Net Lease Inc           | Global Net Lease Inc                       | CUSIP: 379378201<br>LEI: 549300NUYANCT5SU8Z65 | Long             | EC               | CORP              | US        |    212084 | NS      | $1741209.64   | 4.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Realty Income Corp             | Realty Income Corp                         | CUSIP: 756109104<br>LEI: 549300CUWDAUZSH43859 | Long             | EC               | CORP              | US        |     56811 | NS      | $3272881.71   | 8.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Safehold Inc                   | Safehold Inc                               | CUSIP: 78646V107<br>LEI: QFFLKWYYS3UPWD86E794 | Long             | EC               | CORP              | US        |     89269 | NS      | $1238161.03   | 3.05%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-01-28

**Name of Applicant:** ETF Series Solutions

**Signature:** /s/ Kristen Weitzel

**Name of Signer:** ETF Series Solutions

**Title:** Treasurer