# EDGAR Filing Document

**Accession Number:** 0001540305
**File Stem:** 0001193125-26-285195
**Filing Date:** 2026-6
**Character Count:** 25735
**Document Hash:** 264504c1e6c78ff78261cf996c46f469
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-285195.hdr.sgml**: 20260626

**ACCESSION NUMBER**: 0001193125-26-285195

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260430

**FILED AS OF DATE**: 20260626

**DATE AS OF CHANGE**: 20260626

**PERIOD START**: 20261031

**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:** 261127838

**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

### AAM Todd International Intrinsic Value ETF (Series ID: S000093585)

| Class ID   | Class Name                                 | Ticker Symbol   |
|:---|:---|:---|
| C000261974 | AAM Todd International Intrinsic Value ETF | TIIV            |

## 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:** AAM Todd International Intrinsic Value ETF

- **b. EDGAR series identifier (if any):** S000093585

- **c. LEI of Series:** 52990022XZW5N84BQ389

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

- **a. Date of fiscal year-end:** 2026-10-31

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $33460943.51

**Total Liabilities:** $5426233.89

**Net Assets:** $28034709.62

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000261974 | 4.16%                | -6.26%               | 5.75%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $299072.23               | $706889.17                                 |
| Month 2  | $259196.89               | $-2097867.50                               |
| Month 3  | $20546.49                | $1407320.36                                |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Alibaba Group Holding Ltd                 | Alibaba Group Holding Ltd                  | CUSIP: 01609W102<br>LEI: 5493001NTNQJDH60PM02 | Long             | EC               | CORP              | HK        |      3516 | NS      | $463690.08    | 1.65%             |  |  |  | No            | 1                  | On Loan: No      |
| AXA SA                                    | AXA SA                                     | CUSIP: 054536107<br>LEI: F5WCUMTUM4RKZ1MAIE39 | Long             | EC               | CORP              | FR        |     10033 | NS      | $481985.32    | 1.72%             |  |  |  | No            | 1                  | On Loan: No      |
| BAE Systems PLC                           | BAE Systems PLC                            | CUSIP: 05523R107<br>LEI: 8SVCSVKSGDWMW2QHOH83 | Long             | EC               | CORP              | GB        |      3698 | NS      | $412918.68    | 1.47%             |  |  |  | No            | 1                  | On Loan: No      |
| BNP Paribas SA                            | BNP Paribas SA                             | CUSIP: 05565A202<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | EC               | CORP              | FR        |      7628 | NS      | $400393.72    | 1.43%             |  |  |  | No            | 1                  | On Loan: No      |
| Banco Santander SA                        | Banco Santander SA                         | CUSIP: 05964H105<br>LEI: 5493006QMFDDMYWIAM13 | Long             | EC               | CORP              | ES        |     53945 | NS      | $657589.55    | 2.35%             |  |  |  | No            | 1                  | On Loan: —       |
| Barclays PLC                              | Barclays PLC                               | CUSIP: 06738E204<br>LEI: 213800LBQA1Y9L22JB70 | Long             | EC               | CORP              | GB        |     24201 | NS      | $566545.41    | 2.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Brambles Ltd                              | Brambles Ltd                               | CUSIP: 105105209<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |      9474 | NS      | $311220.90    | 1.11%             |  |  |  | No            | 1                  | On Loan: No      |
| British American Tobacco PLC              | British American Tobacco PLC               | CUSIP: 110448107<br>LEI: 213800FKA5MF17RJKT63 | Long             | EC               | CORP              | GB        |      8412 | NS      | $494625.60    | 1.76%             |  |  |  | No            | 1                  | On Loan: No      |
| CIBC                                      | Canadian Imperial Bank of Commerce         | CUSIP: 136069101<br>LEI: 2IGI19DL77OX0HC3ZE78 | Long             | EC               | CORP              | CA        |      3537 | NS      | $394163.28    | 1.41%             |  |  |  | No            | 1                  | On Loan: No      |
| Capgemini SE                              | Capgemini SE                               | CUSIP: 13961R100<br>LEI: 96950077L0TN7BAROX36 | Long             | EC               | CORP              | FR        |      6379 | NS      | $154626.96    | 0.55%             |  |  |  | No            | 1                  | On Loan: No      |
| Cie de Saint-Gobain SA                    | Cie de Saint-Gobain SA                     | CUSIP: 204280309<br>LEI: NFONVGN05Z0FMN5PEC35 | Long             | EC               | CORP              | FR        |     13139 | NS      | $240049.53    | 0.86%             |  |  |  | No            | 1                  | On Loan: No      |
| DBS Group Holdings Ltd                    | DBS Group Holdings Ltd                     | CUSIP: 23304Y100<br>LEI: 5493007FKT78NKPM5V55 | Long             | EC               | CORP              | SG        |      2677 | NS      | $496422.88    | 1.77%             |  |  |  | No            | 1                  | On Loan: No      |
| Daimler Truck Holding AG                  | Daimler Truck Holding AG                   | CUSIP: 23384L101<br>LEI: 529900PW78JIYOUBSR24 | Long             | EC               | CORP              | DE        |      8236 | NS      | $208206.08    | 0.74%             |  |  |  | No            | 1                  | On Loan: No      |
| Daiwa House Industry Co Ltd               | Daiwa House Industry Co Ltd                | CUSIP: 234062206<br>LEI: 353800K9WXR9XRZJZI46 | Long             | EC               | CORP              | JP        |      7861 | NS      | $240467.99    | 0.86%             |  |  |  | No            | 1                  | On Loan: No      |
| Deutsche Telekom AG                       | Deutsche Telekom AG                        | CUSIP: 251566105<br>LEI: 549300V9QSIG4WX4GJ96 | Long             | EC               | CORP              | DE        |     10430 | NS      | $336784.70    | 1.20%             |  |  |  | No            | 1                  | On Loan: —       |
| First American Government Obli            | First American Government Obligations Fund | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |    863234 | NS      | $863234.11    | 3.08%             |  |  |  | No            | 1                  | On Loan: No      |
| Naspers Ltd                               | Naspers Ltd                                | CUSIP: 631512209<br>LEI: 21380044BQ8812EEKT59 | Long             | EC               | CORP              | ZA        |     32399 | NS      | $353797.08    | 1.26%             |  |  |  | No            | 1                  | On Loan: —       |
| NatWest Group PLC                         | NatWest Group PLC                          | CUSIP: 639057207<br>LEI: 2138005O9XJIJN4JPN90 | Long             | EC               | CORP              | GB        |     33653 | NS      | $535419.23    | 1.91%             |  |  |  | No            | 1                  | On Loan: —       |
| CRH PLC                                   | CRH PLC                                    | CUSIP: N/A<br>LEI: 549300MIDJNNTH068E74       | Long             | EC               | CORP              | IE        |      3654 | NS      | $432706.68    | 1.54%             |  |  |  | No            | 1                  | On Loan: No      |
| Chubb Ltd                                 | Chubb Ltd                                  | CUSIP: N/A<br>LEI: E0JAN6VLUDI1HITHT809       | Long             | EC               | CORP              | CH        |      1256 | NS      | $410712.00    | 1.47%             |  |  |  | No            | 1                  | On Loan: No      |
| AerCap Holdings NV                        | AerCap Holdings NV                         | CUSIP: N/A<br>LEI: 549300SZYINBBLJQU475       | Long             | EC               | CORP              | IE        |      4563 | NS      | $648904.23    | 2.31%             |  |  |  | No            | 1                  | On Loan: No      |
| ING Groep NV                              | ING Groep NV                               | CUSIP: 456837103<br>LEI: 549300NYKK9MWM7GGW15 | Long             | EC               | CORP              | NL        |     22173 | NS      | $641464.89    | 2.29%             |  |  |  | No            | 1                  | On Loan: No      |
| Intesa Sanpaolo SpA                       | Intesa Sanpaolo SpA                        | CUSIP: 46115H107<br>LEI: 2W8N8UU78PMDQKZENC08 | Long             | EC               | CORP              | IT        |      9264 | NS      | $377971.20    | 1.35%             |  |  |  | No            | 1                  | On Loan: No      |
| Itau Unibanco Holding SA                  | Itau Unibanco Holding SA                   | CUSIP: 465562106<br>LEI: 5493002W2IVG62O3ZJ94 | Long             | EC               | CORP              | BR        |     56253 | NS      | $489401.10    | 1.75%             |  |  |  | No            | 1                  | On Loan: No      |
| ITOCHU Corp                               | ITOCHU Corp                                | CUSIP: 465717106<br>LEI: J48DJYXDTLHM30UMYI18 | Long             | EC               | CORP              | JP        |     39927 | NS      | $495494.07    | 1.77%             |  |  |  | No            | 1                  | On Loan: No      |
| Japan Tobacco Inc                         | Japan Tobacco Inc                          | CUSIP: 471105205<br>LEI: 353800Z0ENYBQO0XRJ31 | Long             | EC               | CORP              | JP        |     25869 | NS      | $482715.54    | 1.72%             |  |  |  | No            | 1                  | On Loan: No      |
| JD.com Inc                                | JD.com Inc                                 | CUSIP: 47215P106<br>LEI: 549300HVTWB0GJZ16V92 | Long             | EC               | CORP              | CN        |      4438 | NS      | $134560.16    | 0.48%             |  |  |  | No            | 1                  | On Loan: —       |
| KB Financial Group Inc                    | KB Financial Group Inc                     | CUSIP: 48241A105<br>LEI: 529900TKE4MXG3Q6GW86 | Long             | EC               | CORP              | KR        |      4783 | NS      | $531965.26    | 1.90%             |  |  |  | No            | 1                  | On Loan: No      |
| Komatsu Ltd                               | Komatsu Ltd                                | CUSIP: 500458401<br>LEI: 5493004LQ0B4T7QPQV17 | Long             | EC               | CORP              | JP        |      7176 | NS      | $307850.40    | 1.10%             |  |  |  | No            | 1                  | On Loan: No      |
| Marubeni Corp                             | Marubeni Corp                              | CUSIP: 573810207<br>LEI: 4P4N3ORD02UGQT1T1W12 | Long             | EC               | CORP              | JP        |      1701 | NS      | $663730.20    | 2.37%             |  |  |  | No            | 1                  | On Loan: No      |
| Mitsubishi UFJ Financial Group            | Mitsubishi UFJ Financial Group Inc         | CUSIP: 606822104<br>LEI: 353800V2V8PUY9TK3E06 | Long             | EC               | CORP              | JP        |     37728 | NS      | $677217.60    | 2.42%             |  |  |  | No            | 1                  | On Loan: —       |
| Mount Vernon Liquid Assets Portfolio, LLC | Mount Vernon Liquid Assets Portfolio, LLC  | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | PF                | US        |   5405904 | NS      | $5405903.75   | 19.28%            |  |  |  | No            | N/A                | On Loan: No      |
| Medtronic PLC                             | Medtronic PLC                              | CUSIP: N/A<br>LEI: 549300GX3ZBSQWUXY261       | Long             | EC               | CORP              | IE        |      4153 | NS      | $336268.41    | 1.20%             |  |  |  | No            | 1                  | On Loan: No      |
| NetEase Inc                               | NetEase Inc                                | CUSIP: 64110W102<br>LEI: 5299004AF4DSJDB0PA32 | Long             | EC               | CORP              | CN        |      2954 | NS      | $347124.54    | 1.24%             |  |  |  | No            | 1                  | On Loan: No      |
| Novartis AG                               | Novartis AG                                | CUSIP: 66987V109<br>LEI: 5493007HIVTX6SY6XD66 | Long             | EC               | CORP              | CH        |      3811 | NS      | $563456.35    | 2.01%             |  |  |  | No            | 1                  | On Loan: —       |
| ORIX Corp                                 | ORIX Corp                                  | CUSIP: 686330101<br>LEI: 35380016EMHNBOVYE123 | Long             | EC               | CORP              | JP        |     15644 | NS      | $525794.84    | 1.88%             |  |  |  | No            | 1                  | On Loan: —       |
| PETROBRAS                                 | Petroleo Brasileiro SA - Petrobras         | CUSIP: 71654V408<br>LEI: 5493000J801JZRCMFE49 | Long             | EC               | CORP              | BR        |     19746 | NS      | $435004.38    | 1.55%             |  |  |  | No            | 1                  | On Loan: —       |
| PDD Holdings Inc                          | PDD Holdings Inc                           | CUSIP: 722304102<br>LEI: 5493000573DS7005T657 | Long             | EC               | CORP              | IE        |      2411 | NS      | $240810.68    | 0.86%             |  |  |  | No            | 1                  | On Loan: No      |
| Prysmian SpA                              | Prysmian SpA                               | CUSIP: 74440L106<br>LEI: 529900X0H1IO3RS1A464 | Long             | EC               | CORP              | IT        |      7364 | NS      | $558559.40    | 1.99%             |  |  |  | No            | 1                  | On Loan: —       |
| Repsol SA                                 | Repsol SA                                  | CUSIP: 76026T205<br>LEI: BSYCX13Y0NOTV14V9N85 | Long             | EC               | CORP              | ES        |     19221 | NS      | $519735.84    | 1.85%             |  |  |  | No            | 1                  | On Loan: No      |
| Rio Tinto PLC                             | Rio Tinto PLC                              | CUSIP: 767204100<br>LEI: 213800YOEO5OQ72G2R82 | Long             | EC               | CORP              | GB        |      3805 | NS      | $382326.40    | 1.36%             |  |  |  | No            | 1                  | On Loan: No      |
| Shell PLC                                 | Shell PLC                                  | CUSIP: 780259305<br>LEI: 21380068P1DRHMJ8KU70 | Long             | EC               | CORP              | GB        |      3927 | NS      | $356061.09    | 1.27%             |  |  |  | No            | 1                  | On Loan: —       |
| Sanofi SA                                 | Sanofi SA                                  | CUSIP: 80105N105<br>LEI: 549300E9PC51EN656011 | Long             | EC               | CORP              | FR        |      6107 | NS      | $284464.06    | 1.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Shionogi & Co Ltd                         | Shionogi & Co Ltd                          | CUSIP: 824667109<br>LEI: 35380049VXDTHZI3DY35 | Long             | EC               | CORP              | JP        |     36918 | NS      | $371764.26    | 1.33%             |  |  |  | No            | 1                  | On Loan: No      |
| Smith & Nephew PLC                        | Smith & Nephew PLC                         | CUSIP: 83175M205<br>LEI: 213800ZTMDN8S67S1H61 | Long             | EC               | CORP              | GB        |     11535 | NS      | $356777.55    | 1.27%             |  |  |  | No            | 1                  | On Loan: —       |
| Standard Bank Group Ltd                   | Standard Bank Group Ltd                    | CUSIP: 853118206<br>LEI: 2549003PEZXUT7MDBU41 | Long             | EC               | CORP              | ZA        |     20943 | NS      | $403152.75    | 1.44%             |  |  |  | No            | 1                  | On Loan: No      |
| TSMC                                      | Taiwan Semiconductor Manufacturing Co Ltd  | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |      1764 | NS      | $698649.84    | 2.49%             |  |  |  | No            | 1                  | On Loan: No      |
| Techtronic Industries Co Ltd              | Techtronic Industries Co Ltd               | CUSIP: 87873R101<br>LEI: 549300HZW2SBE758OK89 | Long             | EC               | CORP              | HK        |      6186 | NS      | $447711.75    | 1.60%             |  |  |  | No            | 1                  | On Loan: No      |
| Teva Pharmaceutical Industries            | Teva Pharmaceutical Industries Ltd         | CUSIP: 881624209<br>LEI: 549300BAFGM4RC74ZJ94 | Long             | EC               | CORP              | IL        |     17171 | NS      | $602186.97    | 2.15%             |  |  |  | No            | 1                  | On Loan: No      |
| Tokyo Electron Ltd                        | Tokyo Electron Ltd                         | CUSIP: 889110102<br>LEI: 549300H5LSF8DP3RIJ34 | Long             | EC               | CORP              | JP        |      2379 | NS      | $357563.70    | 1.28%             |  |  |  | No            | 1                  | On Loan: No      |
| Vale SA                                   | Vale SA                                    | CUSIP: 91912E105<br>LEI: 254900SMTWBX7RU2SR20 | Long             | EC               | CORP              | BR        |     26118 | NS      | $427290.48    | 1.52%             |  |  |  | No            | 1                  | On Loan: No      |
| Veolia Environnement SA                   | Veolia Environnement SA                    | CUSIP: 92334N103<br>LEI: 969500LENY69X51OOT31 | Long             | EC               | CORP              | FR        |     20953 | NS      | $443155.95    | 1.58%             |  |  |  | No            | 1                  | On Loan: No      |
| Vinci SA                                  | Vinci SA                                   | CUSIP: 927320101<br>LEI: 213800WFQ334R8UXUG83 | Long             | EC               | CORP              | FR        |     10594 | NS      | $399817.56    | 1.43%             |  |  |  | No            | 1                  | On Loan: No      |
| Vipshop Holdings Ltd                      | Vipshop Holdings Ltd                       | CUSIP: 92763W103<br>LEI: 549300I9F52K06HPZX60 | Long             | EC               | CORP              | CN        |     25204 | NS      | $362685.56    | 1.29%             |  |  |  | No            | 1                  | On Loan: No      |
| Yum China Holdings Inc                    | Yum China Holdings Inc                     | CUSIP: 98850P109<br>LEI: 529900DO9BYZ7VA3K502 | Long             | EC               | CORP              | CN        |      9013 | NS      | $436679.85    | 1.56%             |  |  |  | No            | 1                  | On Loan: No      |
| ZTO Express Cayman Inc                    | ZTO Express Cayman Inc                     | CUSIP: 98980A105<br>LEI: 549300SCJPK3YZJTJR78 | Long             | EC               | CORP              | CN        |     15288 | NS      | $391219.92    | 1.40%             |  |  |  | No            | 1                  | On Loan: No      |
| TotalEnergies SE                          | TotalEnergies SE                           | CUSIP: N/A<br>LEI: 529900S21EQ1BO4ESM68       | Long             | EC               | CORP              | FR        |      3652 | NS      | $338576.92    | 1.21%             |  |  |  | No            | 1                  | On Loan: —       |
| TechnipFMC PLC                            | TechnipFMC PLC                             | CUSIP: N/A<br>LEI: 549300D5I93QWCJTCK36       | Long             | EC               | CORP              | GB        |      7289 | NS      | $550829.73    | 1.96%             |  |  |  | No            | 1                  | On Loan: No      |
| NXP Semiconductors NV                     | NXP Semiconductors NV                      | CUSIP: N/A<br>LEI: 724500M9BY5293JDF951       | Long             | EC               | CORP              | NL        |      1147 | NS      | $336747.73    | 1.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Fresenius Medical Care AG                 | Fresenius Medical Care AG                  | CUSIP: 358029106<br>LEI: 549300CP8NY40UP89Q40 | Long             | EC               | CORP              | DE        |     12643 | NS      | $285352.51    | 1.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Fujitsu Ltd                               | Fujitsu Ltd                                | CUSIP: 359590304<br>LEI: 3538000246DHJLRTUZ24 | Long             | EC               | CORP              | JP        |     16843 | NS      | $336860.00    | 1.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Heidelberg Materials AG                   | Heidelberg Materials AG                    | CUSIP: 42281P304<br>LEI: LZ2C6E0W5W7LQMX5ZI37 | Long             | EC               | CORP              | DE        |      8152 | NS      | $360807.52    | 1.29%             |  |  |  | No            | 1                  | On Loan: No      |
| Hitachi Ltd                               | Hitachi Ltd                                | CUSIP: 433578507<br>LEI: 549300T6IPOCDWLKC615 | Long             | EC               | CORP              | JP        |     11185 | NS      | $354340.80    | 1.26%             |  |  |  | No            | 1                  | On Loan: No      |
| Koninklijke Ahold Delhaize NV             | Koninklijke Ahold Delhaize NV              | CUSIP: 500467501<br>LEI: 724500C9GNBV20UYRX36 | Long             | EC               | CORP              | NL        |      9733 | NS      | $459494.93    | 1.64%             |  |  |  | No            | 1                  | On Loan: —       |
| Lenovo Group Ltd                          | Lenovo Group Ltd                           | CUSIP: 526250105<br>LEI: 254900VUZRGD5U73RE46 | Long             | EC               | CORP              | CN        |     11153 | NS      | $336653.31    | 1.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Manulife Financial Corp                   | Manulife Financial Corp                    | CUSIP: 56501R106<br>LEI: 5493007GBX87QOZACS27 | Long             | EC               | CORP              | CA        |     11283 | NS      | $443309.07    | 1.58%             |  |  |  | No            | 1                  | On Loan: No      |

### Signature

**Date Signed:** 2026-06-26

**Name of Applicant:** ETF Series Solutions

**Signature:** /s/ Kristen Weitzel

**Name of Signer:** ETF Series Solutions

**Title:** President