# EDGAR Filing Document

**Accession Number:** 0001540305
**File Stem:** 0001145549-23-004487
**Filing Date:** 2023-1
**Character Count:** 113955
**Document Hash:** 75c77ad3e32a7a832f4cc05c149f7104
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-23-004487.hdr.sgml**: 20230130

**ACCESSION NUMBER**: 0001145549-23-004487

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221130

**FILED AS OF DATE**: 20230130

**DATE AS OF CHANGE**: 20230130

**PERIOD START**: 20230831

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ETF Series Solutions
- **CENTRAL INDEX KEY:** 0001540305
- **IRS NUMBER:** 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:** 23566816

**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

### Vident International Equity Strategy ETF (Series ID: S000042078)

| Class ID   | Class Name                               | Ticker Symbol   |
|:---|:---|:---|
| C000130685 | Vident International Equity Strategy ETF | VIDI            |

## Nport-Ex

---

| | | | |
|:---|:---|:---|:---|
| **Vident International Equity Fund** | **Vident International Equity Fund** | **Vident International Equity Fund** | |
| Schedule of Investments | Schedule of Investments |  |  |
| November 30, 2022 (Unaudited) | November 30, 2022 (Unaudited) | November 30, 2022 (Unaudited) |  |
| **Shares** |  | **Security Description** | **Value** |
| **COMMON STOCKS - 95.1%** | **COMMON STOCKS - 95.1%** | **COMMON STOCKS - 95.1%** |  |
|  |  | **Australia - 5.4%** |  |
| 301187 |  | AGL Energy, Ltd. | $1605567 |
| 1317803 |  | Beach Energy, Ltd. | 1570904 |
| 249283 |  | Bendigo & Adelaide Bank, Ltd. (a) | 1527541 |
| 133823 |  | BlueScope Steel, Ltd. | 1571057 |
| 372264 |  | Harvey Norman Holdings, Ltd. (a) | 1059544 |
| 523430 |  | Healius, Ltd. | 1020072 |
| 58299 |  | JB Hi-Fi, Ltd. (a) | 1744820 |
| 583584 |  | Metcash, Ltd. (a) | 1637557 |
| 220298 |  | QBE Insurance Group, Ltd. | 1898752 |
| 26146 |  | Rio Tinto, Ltd. | 1919438 |
| 71815 |  | Sonic Healthcare, Ltd. | 1552486 |
| 2527472 |  | Tabcorp Holdings, Ltd. | 1794202 |
|  |  |  | 18901940 |
|  |  | **Austria - 0.1%** |  |
| 3811 |  | OMV AG | 196828 |
| 2622 |  | Voestalpine AG | 70086 |
|  |  |  | 266914 |
|  |  | **Belgium - 0.2%** |  |
| 56211 |  | Proximus SADP | 578663 |
|  |  | **Brazil - 2.6%** |  |
| 322262 |  | Cia Brasileira de Distribuicao | 1259927 |
| 253263 |  | EDP - Energias do Brasil SA | 1024842 |
| 301400 |  | JBS SA | 1263189 |
| 463481 |  | Marfrig Global Foods SA | 775582 |
| 107345 |  | Minerva SA | 254135 |
| 205242 |  | Telefonica Brasil SA | 1482295 |
| 753383 |  | TIM SA | 1858100 |
| 60534 |  | Vale SA | 986837 |
|  |  |  | 8904907 |
|  |  | **Canada - 3.9%** |  |
| 39045 |  | Canfor Corporation (b) | 686319 |
| 22075 |  | Celestica, Inc. (b) | 244409 |
| 244451 |  | Crescent Point Energy Corporation | 1884276 |
| 3245 |  | Fairfax Financial Holdings, Ltd. | 1847331 |
| 20075 |  | Great-West Lifeco, Inc. | 475036 |
| 28308 |  | iA Financial Corporation, Inc. | 1584638 |
| 32858 |  | Interfor Corporation (b) | 610770 |
| 18947 |  | Loblaw Companies, Ltd. | 1696663 |
| 99770 |  | Manulife Financial Corporation | 1783158 |
| 86776 |  | Resolute Forest Products, Inc. (a)(b) | 1830974 |
| 13688 |  | West Fraser Timber Company, Ltd. | 1062367 |
|  |  |  | 13705941 |
|  |  | **Chile - 1.8%** |  |
| 7516261 |  | Banco de Chile | 706546 |
| 1356931 |  | Cencosud SA | 2004537 |
| 18594071 |  | Enel Americas SA | 2448076 |
| 703673 |  | Falabella SA | 1248350 |
|  |  |  | 6407509 |
|  |  | **China - 6.3%** |  |
| 62470 |  | 360 DigiTech, Inc. - ADR | 980155 |
| 1176000 |  | China Life Insurance Company, Ltd. - Class H | 1786863 |
| 3846000 |  | China Petroleum & Chemical Corporation - Class H | 1808317 |
| 627500 |  | China Shenhua Energy Company, Ltd. - Class H | 1929409 |
| 13542000 |  | China Tower Corporation, Ltd. - Class H (c) | 1457342 |
| 4031000 |  | COFCO Joycome Foods, Ltd. (d) | 1177462 |
| 1197500 |  | COSCO SHIPPING Holdings Company, Ltd. - Class H (a) | 1293309 |
| 330000 |  | CSPC Pharmaceutical Group, Ltd. | 422356 |
| 29157 |  | Daqo New Energy Corporation - ADR (b) | 1659325 |
| 1870000 |  | Lenovo Group, Ltd. | 1576401 |
| 751800 |  | New China Life Insurance Company, Ltd. - Class H | 1754890 |
| 1328000 |  | PetroChina Company, Ltd. - Class H | 602283 |
| 1680000 |  | PICC Property & Casualty Company, Ltd. - Class H | 1691730 |
| 490800 |  | Sinopharm Group Company, Ltd. - Class H | 1159484 |
| 5877000 |  | The People's Insurance Company Group of China, Ltd. - Class H | 1972678 |
| 72799 |  | Vipshop Holdings, Ltd. - ADR (b) | 811709 |
|  |  |  | 22083713 |
|  |  | **Denmark - 3.2%** |  |
| 701 |  | AP Moller - Maersk AS - Class B | 1489590 |
| 13708 |  | Carlsberg AS - Class B | 1695354 |
| 69205 |  | FLSmidth & Company AS | 1995570 |
| 361369 |  | H Lundbeck AS | 1321173 |
| 9143 |  | Novo Nordisk AS - Class B | 1118874 |
| 25620 |  | Pandora AS | 1871217 |
| 79875 |  | Tryg AS | 1829992 |
|  |  |  | 11321770 |
|  |  | **Finland - 0.9%** |  |
| 342601 |  | Nokia OYJ | 1641395 |
| 146303 |  | Nokian Renkaat OYJ | 1571190 |
|  |  |  | 3212585 |
|  |  | **France - 0.9%** |  |
| 31115 |  | Cie de Saint-Gobain | 1401489 |
| 146856 |  | Electricite de France SA | 1814530 |
|  |  |  | 3216019 |
|  |  | **Germany - 5.3%** |  |
| 9895 |  | Allianz SE | 2082005 |
| 11322 |  | Aurubis AG | 883890 |
| 29848 |  | Bayer AG | 1702000 |
| 20019 |  | Bayerische Motoren Werke AG | 1779077 |
| 206641 |  | Deutsche Bank AG | 2153645 |
| 47556 |  | Freenet AG | 1039063 |
| 19283 |  | Fresenius SE & Company KGaA | 527344 |
| 29928 |  | HUGO BOSS AG | 1644931 |
| 84681 |  | K+S AG | 1828419 |
| 31123 |  | Mercedes-Benz Group AG | 2063758 |
| 7169 |  | Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen | 2223335 |
| 10173 |  | RWE AG | 439936 |
| 22885 |  | Suedzucker AG | 331540 |
|  |  |  | 18698943 |
|  |  | **Hong Kong - 6.2%** |  |
| 220300 |  | ASMPT, Ltd. | 1620040 |
| 629000 |  | China Overseas Land & Investment, Ltd. | 1700327 |
| 1690000 |  | China Resources Cement Holdings, Ltd. | 911524 |
| 1684000 |  | China Taiping Insurance Holdings Company, Ltd. | 1708703 |
| 4000000 |  | China Traditional Chinese Medicine Holdings Company, Ltd. | 1993466 |
| 253000 |  | CK Asset Holdings, Ltd. | 1508827 |
| 270000 |  | CK Hutchison Holdings, Ltd. | 1566972 |
| 571500 |  | Kingboard Holdings, Ltd. | 1874371 |
| 2342000 |  | Kunlun Energy Company, Ltd. | 1800269 |
| 55000 |  | Orient Overseas International, Ltd. (a) | 1030171 |
| 4295000 |  | Pacific Basin Shipping, Ltd. | 1430658 |
| 1220000 |  | Sino Land Company, Ltd. | 1517673 |
| 2349500 |  | WH Group, Ltd. (c) | 1375596 |
| 862000 |  | Xinyi Glass Holdings, Ltd. | 1652107 |
|  |  |  | 21690704 |
|  |  | **Indonesia - 1.6%** |  |
| 8518400 |  | Adaro Energy Tbk PT | 2095554 |
| 4346500 |  | Astra International Tbk PT | 1671571 |
| 54900 |  | Indo Tambangraya Megah Tbk PT | 145700 |
| 862900 |  | United Tractors Tbk PT | 1689433 |
|  |  |  | 5602258 |
|  |  | **Ireland - 1.4%** |  |
| 307824 |  | Bank of Ireland Group plc | 2474763 |
| 18539 |  | DCC plc | 969009 |
| 42681 |  | Perrigo Company plc | 1375608 |
|  |  |  | 4819380 |
|  |  | **Israel - 2.3%** |  |
| 1058429 |  | Bezeq The Israeli Telecommunication Corporation, Ltd. | 1932616 |
| 13781 |  | Check Point Software Technologies, Ltd. (b) | 1830530 |
| 13206 |  | Delek Group, Ltd. (b) | 1653477 |
| 28631 |  | Plus500, Ltd. | 650224 |
| 156809 |  | Teva Pharmaceutical Industries, Ltd. (b) | 1340714 |
| 37441 |  | ZIM Integrated Shipping Services, Ltd. (a) | 787010 |
|  |  |  | 8194571 |
|  |  | **Italy - 1.0%** |  |
| 118606 |  | Assicurazioni Generali SpA | 2068766 |
| 139927 |  | Leonardo SpA | 1104201 |
| 122700 |  | UnipolSai Assicurazioni SpA | 308519 |
|  |  |  | 3481486 |
|  |  | **Japan - 3.4%** |  |
| 87000 |  | GungHo Online Entertainment, Inc. | 1296832 |
| 74000 |  | H.U. Group Holdings, Inc. | 1471621 |
| 215200 |  | Mazda Motor Corporation | 1682551 |
| 91200 |  | NGK Spark Plug Company, Ltd. | 1751584 |
| 46300 |  | Nippon Electric Glass Company, Ltd. | 840129 |
| 226600 |  | Nisshinbo Holdings, Inc. | 1646642 |
| 18600 |  | Shimamura Company, Ltd. | 1664856 |
| 104600 |  | Toppan, Inc. | 1598160 |
|  |  |  | 11952375 |
|  |  | **Malaysia - 1.0%** |  |
| 2845800 |  | Hartalega Holdings Bhd | 1106967 |
| 314800 |  | MISC Bhd | 509626 |
| 1857600 |  | Sime Darby Plantation Bhd | 1779286 |
|  |  |  | 3395879 |
|  |  | **Mexico - 0.6%** |  |
| 260103 |  | Arca Continental SAB de CV | 2156169 |
|  |  | **Netherlands - 1.6%** |  |
| 61070 |  | Koninklijke Ahold Delhaize NV | 1749034 |
| 134284 |  | Stellantis NV | 2059058 |
| 73539 |  | uniQure NV (a)(b) | 1945842 |
|  |  |  | 5753934 |
|  |  | **Norway - 6.7%** |  |
| 53869 |  | Aker BP ASA | 1846030 |
| 1317575 |  | DNO ASA | 1658341 |
| 50662 |  | Equinor ASA | 1926153 |
| 87811 |  | Gjensidige Forsikring ASA | 1666191 |
| 51489 |  | Kongsberg Gruppen ASA | 2088240 |
| 235320 |  | Leroy Seafood Group ASA | 1135164 |
| 79772 |  | Mowi ASA | 1229243 |
| 771539 |  | MPC Container Ships ASA | 1433411 |
| 289421 |  | Norsk Hydro ASA | 2106696 |
| 211045 |  | Orkla ASA | 1480743 |
| 194935 |  | Storebrand ASA | 1714135 |
| 149658 |  | Telenor ASA | 1430367 |
| 124717 |  | TGS ASA | 1658532 |
| 49959 |  | Var Energi ASA | 180874 |
| 42534 |  | Yara International ASA | 1919568 |
|  |  |  | 23473688 |
|  |  | **Poland - 1.6%** |  |
| 11504 |  | Bank Polska Kasa Opieki SA | 212601 |
| 78874 |  | KGHM Polska Miedz SA | 2011853 |
| 107796 |  | Polski Koncern Naftowy ORLEN SA | 1550492 |
| 269191 |  | Powszechny Zaklad Ubezpieczen SA | 1873705 |
|  |  |  | 5648651 |
|  |  | **Republic of Korea - 7.4%** |  |
| 80896 |  | Daeduck Electronics Company, Ltd. | 1423048 |
| 439332 |  | Daewoo Engineering & Construction Company, Ltd. (b) | 1695568 |
| 38913 |  | DB Insurance Company, Ltd. | 1832276 |
| 56888 |  | GS Holdings Corporation | 2096339 |
| 54366 |  | Hankook Tire & Technology Company, Ltd. | 1401557 |
| 71820 |  | Hyundai Marine & Fire Insurance Company, Ltd. | 1644587 |
| 9897 |  | Hyundai Mobis Company, Ltd. | 1598409 |
| 28099 |  | Kia Motors Corporation | 1461570 |
| 61990 |  | KT Corporation | 1757915 |
| 28166 |  | KT&G Corporation | 2133513 |
| 282 |  | LG Innotek Company, Ltd. | 66392 |
| 190328 |  | LG Uplus Corporation | 1746195 |
| 8239 |  | NongShim Company, Ltd. | 2052175 |
| 2669 |  | Samsung Fire & Marine Insurance Company, Ltd. | 415877 |
| 54032 |  | SD Biosensor, Inc. | 1347881 |
| 44816 |  | SK Telecom Company, Ltd. | 1699056 |
| 72580 |  | SL Corporation | 1535415 |
|  |  |  | 25907773 |
|  |  | **Russian Federation 0.0% (e)** |  |
| 1196 |  | Magnit PJSC - GDR (d)(f)(g) | 0 |
| 24074 |  | Severstal PAO - GDR (d)(f)(g) | 0 |
|  |  |  | 0 |
|  |  | **Singapore - 5.5%** |  |
| 68900 |  | City Developments, Ltd. | 416829 |
| 1010000 |  | ComfortDelGro Corporation, Ltd. | 906590 |
| 2339300 |  | Genting Singapore, Ltd. | 1502287 |
| 88000 |  | Jardine Cycle & Carriage, Ltd. (a) | 1940071 |
| 371800 |  | Keppel Corporation, Ltd. | 2045809 |
| 170900 |  | NETLINK NBN TRUST (d) | 107257 |
| 212000 |  | Oversea-Chinese Banking Corporation, Ltd. | 1924600 |
| 455900 |  | Sembcorp Industries, Ltd. | 1064643 |
| 595200 |  | Singapore Technologies Engineering, Ltd. | 1489846 |
| 931300 |  | Singapore Telecommunications, Ltd. | 1848600 |
| 88319 |  | United Overseas Bank, Ltd. | 2010912 |
| 156900 |  | UOL Group, Ltd. | 762573 |
| 101500 |  | Venture Corporation, Ltd. | 1281435 |
| 610100 |  | Wilmar International, Ltd. | 1825447 |
|  |  |  | 19126899 |
|  |  | **South Africa - 2.1%** |  |
| 151647 |  | Exxaro Resources, Ltd. | 2015239 |
| 549861 |  | Harmony Gold Mining Company, Ltd. | 1992407 |
| 41019 |  | Kumba Iron Ore, Ltd. (a) | 1167138 |
| 195387 |  | Old Mutual, Ltd. | 127595 |
| 317240 |  | Sibanye Stillwater, Ltd. | 871045 |
| 578780 |  | Telkom SA SOC, Ltd. (a)(b) | 1180545 |
|  |  |  | 7353969 |
|  |  | **Spain - 0.6%** |  |
| 89713 |  | Mapfre SA | 167935 |
| 41057 |  | Repsol SA | 625662 |
| 391914 |  | Telefonica SA | 1446676 |
|  |  |  | 2240273 |
|  |  | **Sweden - 5.1%** |  |
| 19043 |  | Axfood AB | 503942 |
| 56868 |  | Boliden AB | 2068596 |
| 9412 |  | Investor AB | 170344 |
| 48057 |  | Saab AB - Class B | 1748543 |
| 307940 |  | Securitas AB - Class B | 2465530 |
| 356338 |  | SSAB AB - Class A | 2000930 |
| 82561 |  | Swedish Orphan Biovitrum AB (b) | 1758248 |
| 154613 |  | Tele2 AB - Class B | 1345785 |
| 239012 |  | Telefonaktiebolaget LM Ericsson - Class B | 1459561 |
| 479810 |  | Telia Company AB | 1287736 |
| 75046 |  | Trelleborg AB - Class B | 1788217 |
| 235972 |  | Volvo Car AB - Class B (b) | 1141379 |
|  |  |  | 17738811 |
|  |  | **Switzerland - 3.5%** |  |
| 11052 |  | Baloise Holding AG | 1650695 |
| 9398 |  | Chubb, Ltd. (a) | 2063707 |
| 90394 |  | Ferrexpo plc | 154586 |
| 9144 |  | Helvetia Holding AG | 1015413 |
| 20493 |  | Novartis AG | 1799254 |
| 6118 |  | Swatch Group AG | 1604069 |
| 19630 |  | Swiss Re AG | 1735228 |
| 39203 |  | UBS Group AG | 708761 |
| 3405 |  | Zurich Insurance Group AG | 1618603 |
|  |  |  | 12350316 |
|  |  | **Taiwan - 7.2%** |  |
| 2962600 |  | AUO Corporation | 1543345 |
| 635000 |  | Chicony Electronics Company, Ltd. | 1711524 |
| 1077000 |  | Compeq Manufacturing Company, Ltd. | 1726727 |
| 232000 |  | Evergreen Marine Corporation Taiwan, Ltd. | 1223601 |
| 95000 |  | Gigabyte Technology Company, Ltd. | 331980 |
| 5109000 |  | HannStar Display Corporation | 1884538 |
| 489000 |  | Hon Hai Precision Industry Company, Ltd. | 1590154 |
| 4382550 |  | Innolux Corporation | 1758380 |
| 834000 |  | Lite-On Technology Corporation | 1770248 |
| 1632000 |  | Macronix International Company, Ltd. | 1829733 |
| 182000 |  | Novatek Microelectronics Corporation | 1757842 |
| 852000 |  | Pegatron Corporation | 1709210 |
| 579000 |  | Powertech Technology, Inc. | 1566207 |
| 596000 |  | Radiant Opto-Electronics Corporation | 2024882 |
| 2331000 |  | Winbond Electronics Corporation | 1598978 |
| 599000 |  | Yang Ming Marine Transport Corporation | 1281128 |
|  |  |  | 25308477 |
|  |  | **Thailand - 1.6%** |  |
| 3238100 |  | Bangkok Chain Hospital pcl - NVDR (a) | 1863985 |
| 1770700 |  | Regional Container Lines pcl - NVDR (a) | 1506338 |
| 2419900 |  | Sri Trang Agro-Industry pcl - NVDR | 1303788 |
| 2814100 |  | Sri Trang Gloves Thailand pcl - NVDR (a) | 797987 |
|  |  |  | 5472098 |
|  |  | **United Kingdom - 4.1%** |  |
| 32418 |  | Anglo American plc | 1315521 |
| 367434 |  | Aviva plc - Class B | 1944158 |
| 101791 |  | BT Group plc | 147165 |
| 1679235 |  | Centrica plc | 1901013 |
| 282068 |  | HSBC Holdings plc | 1712160 |
| 226430 |  | International Distributions Services Plc | 615894 |
| 327192 |  | J Sainsbury plc | 867369 |
| 54311 |  | Janus Henderson Group plc | 1373525 |
| 385463 |  | Kingfisher plc | 1106766 |
| 404768 |  | M&G plc | 926479 |
| 19856 |  | Rio Tinto plc | 1320659 |
| 1151308 |  | Vodafone Group plc | 1259213 |
|  |  |  | 14489922 |
|  |  | TOTAL COMMON STOCKS (Cost $357,648,833) | 333456537 |
| **PREFERRED STOCKS - 4.0%** | **PREFERRED STOCKS - 4.0%** | **PREFERRED STOCKS - 4.0%** |  |
|  |  | **Brazil - 2.9%** |  |
| 880797 |  | Cia Energetica de Minas Gerais | 1919437 |
| 1361402 |  | Cia Paranaense de Energia - Class B | 2076223 |
| 392228 |  | Gerdau SA | 2348684 |
| 827652 |  | Metalurgica Gerdau SA | 2145147 |
| 310492 |  | Petroleo Brasileiro SA | 1558719 |
|  |  |  | 10048210 |
|  |  | **Chile - 0.5%** |  |
| 1005845 |  | Embotelladora Andina SA - Class B | 1920774 |
|  |  | **Germany - 0.6%** |  |
| 45856 |  | Schaeffler AG | 303125 |
| 13005 |  | Volkswagen AG | 1873353 |
|  |  |  | 2176478 |
|  |  | TOTAL PREFERRED STOCKS (Cost $13,861,932) | 14145462 |
| **Principle Amount** |  |  |  |
| **SHORT-TERM INVESTMENTS - 0.2%** | **SHORT-TERM INVESTMENTS - 0.2%** | **SHORT-TERM INVESTMENTS - 0.2%** |  |
|  |  | **Money Market Deposit Account - 0.2%** |  |
| $667447 |  | U.S. Bank Money Market Deposit Account, 2.90% (h) | 667447 |
|  |  | TOTAL SHORT-TERM INVESTMENTS (Cost $667,447) | 667447 |
| **Units** |  |  |  |
| **INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 3.1%** | **INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 3.1%** | **INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 3.1%** |  |
|  |  | **Private Funds - 0.7%** |  |
| 2597324 |  | Mount Vernon Liquid Assets Portfolio, LLC, 4.07% (i)(j) | 2597324 |
| **Principal Amount** |  |  | 2597324 |
|  |  | **Repurchase Agreements - 2.4%** |  |
| $1965053 |  | Bank of America Securities, Inc. - 3.800%, dated 11/30/22, matures 12/1/22, repurchase price $1,965,258 (collateralized by various U.S. government mortgage backed securities: Total Value $2,004,354) | 1965053 |
| 581825 |  | JP Morgan Chase & Company - 3.790% dated 11/30/22, matures 12/1/22, repurchase price $581,885 (collateralized by various U.S. government Treasury notes: Total Value $593,462) | 581825 |
| 1965053 |  | HSBC Securities U.S.A., Inc. - 3.790%, dated 11/30/22, matures 12/1/22, repurchase price $1,965,257 (collateralized by various U.S. government mortgage backed securities, and U.S. government Treasury notes: : Total Value $2,004,354) | 1965053 |
| 1965053 |  | MUFG Securities America, Inc. - 3.800%, dated 11/30/22, matures 12/1/22, repurchase price $1,965,258 (collateralized by various U.S. government mortgage backed securities: Total Value $2,004,357) | 1965053 |
| 1965053 |  | RBC Dominion Securities, Inc. - 3.810%, dated 11/30/22, matures 12/1/22, repurchase price $1,965,258 (collateralized by various U.S. government mortgage backed securities: Total Value $2,004,354) | 1965053 |
|  |  |  | 8442037 |
|  |  | TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING (Cost $11,039,361) (k) | 11039361 |
|  |  | TOTAL INVESTMENTS - 102.4% (Cost $383,217,573) | 359308807 |
|  |  | Liabilities in Excess of Other Assets - (2.4)% | (8502720) |
|  |  | NET ASSETS - 100.0% | $350806087 |
|  | Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. |  |
|  | (a) <br>| All or portion of this security is out on loan as of November 30, 2022. Total value of securities out on loan is $11,728,027 or 3.3% of net assets. |  |
|  | (b) <br>| Non-income producing security. |  |
|  | (c) <br>| Security exempt from registration under Rule 144(b) and Regulation S of the Securities Act of 1933. Such securities are treated as liquid securities, according to the Fund's liquidity guidelines. At November 30, 2022, the value of these securities amounted to $2,832,938 or 0.8% of net assets. |  |
|  | (d) <br>| Security exempt from registration under Regulation S of the Securities Act of 1933. Such securities are treated as liquid securities, according to the Fund's liquidity guidelines. At November 30, 2022, the value of these securities amounted to $1,284,719 or 0.4% of net assets. |  |
|  | (e) <br>| Represents less than 0.05% of net assets. |  |
|  | (f) <br>| Value determined using significant unobservable inputs. Classified as Level 3 in the fair value hierarchy. |  |
|  | (g) <br>| These securities have been deemed illiquid according to the Fund's liquidity guidelines. The value of these securities is $0, which represents 0.00% of net assets. |  |
|  | (h) <br>| The Money Market Deposit Account (the "MMDA") is a short-term investment vehicle in which the Fund holds cash balances. The MMDA will bear interest at a variable rate that is determined based on conditions and may change daily and by any amount. The rate shown is as of November 30, 2022. |  |
|  | (i) <br>| Rate shown is the annualized seven-day yield as of November 30, 2022. |  |
|  | (j) <br>| Privately offered liquidity fund. |  |
|  | (k) <br>| Investment purchased with cash proceeds from securities lending. As of November 30, 2022, total cash collateral has a value of $11,039,361. Additionally, total non-cash collateral has a value of $3,153,720. |  |
|  | ADR- | American Depositary Receipt |  |
|  | GDR- | Global Depositary Receipt |  |
|  | NVDR- | Non-Voting Depositary Receipt |  |

---

------

**Summary of Fair Value Disclosure at November 30, 2022 (Unaudited)**<br>The Fund utilizes various methods to measure the fair value of its investments on a recurring basis. Accounting principles generally accepted in the United States of America ("U.S. GAAP") establishes a hierarchy that prioritizes inputs to valuation methods. The three levels of inputs are:<br>Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access.<br> 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.<br> 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 would be based on the best information available.<br>The availability of observable inputs can vary from security to security and is affected by a wide variety of factors, including, for example, the type of security, whether the security is new and not yet established in the marketplace, the liquidity of markets, and other characteristics particular to the security.<br>To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3.<br>The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the level in the fair value hierarchy within which the fair value measurement falls in its entirety, is determined based on the lowest level input that is significant to the fair value measurement in its entirety.<br>The following is a summary of the inputs used to value the Fund's investments as of November 30, 2022:<br>

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Assets^</u> | <u>Level 1</u> | <u>Level 2</u> | <u>Level 3</u> | <u>Total</u> |
| Common Stocks | $333456537 | $- | $0<br> (a) | $333456537 |
| Preferred Stocks | 14145462 | - | - | 14145462 |
| Short-Term Investments | 667447 | - | - | 667447 |
| Investments Purchased with Proceeds from Securities Lending | - | 11039361 | - | 11039361 |
| Total Investments in Securities | $348269446 | $11039361 | $0 | $359308807 |
| ^See Schedule of Investments for breakout of investments by country classification. | ^See Schedule of Investments for breakout of investments by country classification. |  |  |  |
| (a) Represents less than $0.50. |  |  |  |  |
| For the period ended November 30, 2022, the Fund did not recognize any transfers to or from Level 3. | For the period ended November 30, 2022, the Fund did not recognize any transfers to or from Level 3. | For the period ended November 30, 2022, the Fund did not recognize any transfers to or from Level 3. | For the period ended November 30, 2022, the Fund did not recognize any transfers to or from Level 3. | For the period ended November 30, 2022, the Fund did not recognize any transfers to or from Level 3. |

---

## 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:** Vident International Equity Fund

- **b. EDGAR series identifier (if any):** S000042078

- **c. LEI of Series:** 5493004M2YRI1LYU4Y95

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

- **a. Date of fiscal year-end:** 2023-08-31

- **b. Date as of which information is reported:** 2022-11-30

**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:** $362310375.05

**Total Liabilities:** $11506536.87

**Net Assets:** $350803838.18

**Cash Not Reported:** $89257.73

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000130685 | -11.89%              | 2.87%                | 11.13%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-134717.73              | $-41464703.41                              |
| Month 2  | $-12409.32               | $8344507.13                                |
| Month 3  | $-4466476.98             | $37912279.69                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| SingTel                                   | Singapore Telecommunications Ltd                          | CUSIP: Y79985209<br>LEI: 2549003XJKIQO8YDYD89 | Long             | EC               | CORP              | SG        |    931300 | NS      | $1848599.58   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Centrica PLC                              | Centrica PLC                                              | CUSIP: N/A<br>LEI: E26EDV109X6EEPBKVH76       | Long             | EC               | CORP              | GB        |   1679235 | NS      | $1901013.21   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Bangkok Chain Hospital PCL                | Bangkok Chain Hospital PCL                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TH        |   3238100 | NS      | $1863984.97   | 0.53%             |  |  |  | No            |                  1 | On Loan: —       |
| Sri Trang Agro-Industry PCL               | Sri Trang Agro-Industry PCL                               | CUSIP: N/A<br>LEI: 254900D4NQ5CJSXKLT05       | Long             | EC               | CORP              | TH        |   2419900 | NS      | $1303788.46   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Xinyi Glass Holdings Ltd                  | Xinyi Glass Holdings Ltd                                  | CUSIP: N/A<br>LEI: 52990082YXVVZFK1QJ17       | Long             | EC               | CORP              | HK        |    862000 | NS      | $1652106.85   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| GungHo Online Entertainment In            | GungHo Online Entertainment Inc                           | CUSIP: N/A<br>LEI: 529900TH7FB4RV6F5S47       | Long             | EC               | CORP              | JP        |     87000 | NS      | $1296832.45   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Metcash Ltd                               | Metcash Ltd                                               | CUSIP: N/A<br>LEI: 25490065W4SN3LZMX216       | Long             | EC               | CORP              | AU        |    583584 | NS      | $1637557.32   | 0.47%             |  |  |  | No            |                  1 | On Loan: —       |
| Nokian Renkaat Oyj                        | Nokian Renkaat Oyj                                        | CUSIP: N/A<br>LEI: 743700YQIO8Y4L4WKR40       | Long             | EC               | CORP              | FI        |    146303 | NS      | $1571190.58   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Sembcorp Industries Ltd                   | Sembcorp Industries Ltd                                   | CUSIP: N/A<br>LEI: 254900J0FF14U6TPQM96       | Long             | EC               | CORP              | SG        |    455900 | NS      | $1064642.78   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| China Shenhua Energy Co Ltd               | China Shenhua Energy Co Ltd                               | CUSIP: N/A<br>LEI: 529900N9JOX4C108MA40       | Long             | EC               | CORP              | CN        |    627500 | NS      | $1929408.75   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| COSCO SHIPPING Holdings Co Ltd            | COSCO SHIPPING Holdings Co Ltd                            | CUSIP: N/A<br>LEI: 3003009XI0QGYYA29S17       | Long             | EC               | CORP              | CN        |   1197500 | NS      | $1293309.21   | 0.37%             |  |  |  | No            |                  1 | On Loan: —       |
| Innolux Corp                              | Innolux Corp                                              | CUSIP: N/A<br>LEI: 3003007EXL0825P1MJ10       | Long             | EC               | CORP              | TW        |   4382550 | NS      | $1758380.22   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| EDP - Energias do Brasil SA               | EDP - Energias do Brasil SA                               | CUSIP: N/A<br>LEI: 529900MT3VH5D7T9FR43       | Long             | EC               | CORP              | BR        |    253263 | NS      | $1024841.53   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Leonardo SpA                              | Leonardo SpA                                              | CUSIP: N/A<br>LEI: 529900X4EEX1U9LN3U39       | Long             | EC               | CORP              | IT        |    139927 | NS      | $1104201.53   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Oversea-Chinese Banking Corp L            | Oversea-Chinese Banking Corp Ltd                          | CUSIP: N/A<br>LEI: 5493007O3QFXCPOGWK22       | Long             | EC               | CORP              | SG        |    212000 | NS      | $1924600.45   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Electricite de France SA                  | Electricite de France SA                                  | CUSIP: N/A<br>LEI: 549300X3UK4GG3FNMO06       | Long             | EC               | CORP              | FR        |    146856 | NS      | $1814530.48   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Norsk Hydro ASA                           | Norsk Hydro ASA                                           | CUSIP: N/A<br>LEI: 549300N1SDN71ZZ8BO45       | Long             | EC               | CORP              | NO        |    289421 | NS      | $2106695.43   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| DNO ASA                                   | DNO ASA                                                   | CUSIP: N/A<br>LEI: 5967007LIEEXZXH3K072       | Long             | EC               | CORP              | NO        |   1317575 | NS      | $1658340.94   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| TGS ASA                                   | TGS ASA                                                   | CUSIP: N/A<br>LEI: 549300NUPLAXPB0WYH90       | Long             | EC               | CORP              | NO        |    124717 | NS      | $1658532.29   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| SSAB AB                                   | SSAB AB                                                   | CUSIP: N/A<br>LEI: 529900329VS14ZIML164       | Long             | EC               | CORP              | SE        |    356338 | NS      | $2000930.20   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Wilmar International Ltd                  | Wilmar International Ltd                                  | CUSIP: N/A<br>LEI: 549300H2EAI4YRLWBB20       | Long             | EC               | CORP              | SG        |    610100 | NS      | $1825446.98   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Canfor Corp                               | Canfor Corp                                               | CUSIP: 137576104<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     39045 | NS      | $686318.77    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Swedish Orphan Biovitrum AB               | Swedish Orphan Biovitrum AB                               | CUSIP: N/A<br>LEI: 549300124Y3MQI87PT35       | Long             | EC               | CORP              | SE        |     82561 | NS      | $1758247.82   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Mapfre SA                                 | Mapfre SA                                                 | CUSIP: N/A<br>LEI: 95980020140005693107       | Long             | EC               | CORP              | ES        |     89713 | NS      | $167934.75    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Kumba Iron Ore Ltd                        | Kumba Iron Ore Ltd                                        | CUSIP: N/A<br>LEI: 3789006C753402643048       | Long             | EC               | CORP              | ZA        |     41019 | NS      | $1167138.06   | 0.33%             |  |  |  | No            |                  1 | On Loan: —       |
| Severstal PAO                             | Severstal PAO                                             | CUSIP: 818150302<br>LEI: 213800OKDPTV6K4ONO53 | Long             | EC               | CORP              | RU        |     24074 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Aker BP ASA                               | Aker BP ASA                                               | CUSIP: N/A<br>LEI: 549300NFTY73920OYK69       | Long             | EC               | CORP              | NO        |     53869 | NS      | $1846029.53   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Freenet AG                                | Freenet AG                                                | CUSIP: N/A<br>LEI: 5299003GLDODCVP8DO20       | Long             | EC               | CORP              | DE        |     47556 | NS      | $1039063.34   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| JBS SA                                    | JBS SA                                                    | CUSIP: N/A<br>LEI: 529900RM0MTMZL9O5050       | Long             | EC               | CORP              | BR        |    301400 | NS      | $1263188.56   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Keppel Corp Ltd                           | Keppel Corp Ltd                                           | CUSIP: N/A<br>LEI: 254900SQ7IPDOY6IDW33       | Long             | EC               | CORP              | SG        |    371800 | NS      | $2045808.95   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Orkla ASA                                 | Orkla ASA                                                 | CUSIP: N/A<br>LEI: 549300PZS8G8RG6RVZ52       | Long             | EC               | CORP              | NO        |    211045 | NS      | $1480742.76   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Ferrexpo PLC                              | Ferrexpo PLC                                              | CUSIP: N/A<br>LEI: 213800CEDKSNUTPAQZ41       | Long             | EC               | CORP              | CH        |     90394 | NS      | $154585.90    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Anglo American PLC                        | Anglo American PLC                                        | CUSIP: N/A<br>LEI: 549300S9XF92D1X8ME43       | Long             | EC               | CORP              | GB        |     32418 | NS      | $1315521.44   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Cia Energetica de Minas Gerais            | Cia Energetica de Minas Gerais                            | CUSIP: N/A<br>LEI: 254900W703PXLDSEM056       | Long             | EP               | CORP              | BR        |    880797 | NS      | $1919437.12   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Marfrig Global Foods SA                   | Marfrig Global Foods SA                                   | CUSIP: N/A<br>LEI: 391200219USWMOBN3F92       | Long             | EC               | CORP              | BR        |    463481 | NS      | $775582.41    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Minerva SA/Brazil                         | Minerva SA/Brazil                                         | CUSIP: N/A<br>LEI: 391200UHL6YHY0OA1P30       | Long             | EC               | CORP              | BR        |    107345 | NS      | $254135.02    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Indo Tambangraya Megah Tbk PT             | Indo Tambangraya Megah Tbk PT                             | CUSIP: N/A<br>LEI: 52990056ZNHB217ZKL92       | Long             | EC               | CORP              | ID        |     54900 | NS      | $145699.71    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Magnit PJSC                               | Magnit PJSC                                               | CUSIP: 55953Q202<br>LEI: 2534009KKPTVL99W2Y12 | Long             | EC               | CORP              | RU        |      1196 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Hartalega Holdings Bhd                    | Hartalega Holdings Bhd                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MY        |   2845800 | NS      | $1106966.61   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| LG Innotek Co Ltd                         | LG Innotek Co Ltd                                         | CUSIP: N/A<br>LEI: 988400KTHH2LMUX7EB48       | Long             | EC               | CORP              | KR        |       282 | NS      | $66391.93     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Adaro Energy Indonesia Tbk PT             | Adaro Energy Indonesia Tbk PT                             | CUSIP: N/A<br>LEI: 529900P2WAH7XA87OI24       | Long             | EC               | CORP              | ID        |   8518400 | NS      | $2095554.02   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Sinopharm Group Co Ltd                    | Sinopharm Group Co Ltd                                    | CUSIP: N/A<br>LEI: 529900N54X78YH9JYK92       | Long             | EC               | CORP              | CN        |    490800 | NS      | $1159483.95   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| China Resources Cement Holding            | China Resources Cement Holdings Ltd                       | CUSIP: N/A<br>LEI: 529900E0EOYXYJ0GHY66       | Long             | EC               | CORP              | HK        |   1690000 | NS      | $911523.93    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Pandora A/S                               | Pandora A/S                                               | CUSIP: N/A<br>LEI: 5299007OWYZ6I1E46843       | Long             | EC               | CORP              | DK        |     25620 | NS      | $1871217.24   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Gjensidige Forsikring ASA                 | Gjensidige Forsikring ASA                                 | CUSIP: N/A<br>LEI: 5967007LIEEXZX6FAO47       | Long             | EC               | CORP              | NO        |     87811 | NS      | $1666191.08   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Pegatron Corp                             | Pegatron Corp                                             | CUSIP: N/A<br>LEI: 529900M87JQS8TUO0L66       | Long             | EC               | CORP              | TW        |    852000 | NS      | $1709210.33   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Swiss Re AG                               | Swiss Re AG                                               | CUSIP: N/A<br>LEI: 529900PS9YW3YY29F326       | Long             | EC               | CORP              | CH        |     19630 | NS      | $1735228.13   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| K+S AG                                    | K+S AG                                                    | CUSIP: N/A<br>LEI: 529900YURAYD4IJX2J91       | Long             | EC               | CORP              | DE        |     84681 | NS      | $1828419.04   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| NCI                                       | New China Life Insurance Co Ltd                           | CUSIP: N/A<br>LEI: 300300F2001111000095       | Long             | EC               | CORP              | CN        |    751800 | NS      | $1754890.27   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| PZU                                       | Powszechny Zaklad Ubezpieczen SA                          | CUSIP: N/A<br>LEI: QLPCKOOKVX32FUELX240       | Long             | EC               | CORP              | PL        |    269191 | NS      | $1873705.50   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Old Mutual Ltd                            | Old Mutual Ltd                                            | CUSIP: N/A<br>LEI: 213800MON84ZWWPQCN47       | Long             | EC               | CORP              | ZA        |    195387 | NS      | $127594.98    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| International Distributions Se            | International Distributions Services PLC                  | CUSIP: N/A<br>LEI: 213800TCZZU84G8Z2M70       | Long             | EC               | CORP              | GB        |    226430 | NS      | $615893.91    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| MPC Container Ships ASA                   | MPC Container Ships ASA                                   | CUSIP: N/A<br>LEI: 213800MXS7CXYJ2Q1805       | Long             | EC               | CORP              | NO        |    771539 | NS      | $1433411.39   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| NETLINK NBN TRUST                         | NETLINK NBN TRUST                                         | CUSIP: N/A<br>LEI: 25490032IBVZHHXJIM98       | Long             | EC               | CORP              | SG        |    170900 | NS      | $107256.81    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Sime Darby Plantation Bhd                 | Sime Darby Plantation Bhd                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MY        |   1857600 | NS      | $1779286.34   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| China Tower Corp Ltd                      | China Tower Corp Ltd                                      | CUSIP: N/A<br>LEI: 300300T6BNNP0L7O7H91       | Long             | EC               | CORP              | CN        |  13542000 | NS      | $1457341.62   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Healius Ltd                               | Healius Ltd                                               | CUSIP: N/A<br>LEI: 529900MBZK3SLWK8SJ55       | Long             | EC               | CORP              | AU        |    523430 | NS      | $1020071.72   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Vodafone Group PLC                        | Vodafone Group PLC                                        | CUSIP: N/A<br>LEI: 213800TB53ELEUKM7Q61       | Long             | EC               | CORP              | GB        |   1151308 | NS      | $1259213.13   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Novo Nordisk A/S                          | Novo Nordisk A/S                                          | CUSIP: N/A<br>LEI: 549300DAQ1CVT6CXN342       | Long             | EC               | CORP              | DK        |      9143 | NS      | $1118874.26   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| iA Financial Corp Inc                     | iA Financial Corp Inc                                     | CUSIP: 45075E104<br>LEI: 549300ZXLJVHQAIXV215 | Long             | EC               | CORP              | CA        |     28308 | NS      | $1584638.28   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Helvetia Holding AG                       | Helvetia Holding AG                                       | CUSIP: N/A<br>LEI: 529900SUJBXTORH0LT80       | Long             | EC               | CORP              | CH        |      9144 | NS      | $1015413.49   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| M&G PLC                                   | M&G PLC                                                   | CUSIP: N/A<br>LEI: 254900TWUJUQ44TQJY84       | Long             | EC               | CORP              | GB        |    404768 | NS      | $926478.62    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| SD Biosensor Inc                          | SD Biosensor Inc                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     54032 | NS      | $1347880.96   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Sibanye Stillwater Ltd                    | Sibanye Stillwater Ltd                                    | CUSIP: N/A<br>LEI: 378900F238434B74D281       | Long             | EC               | CORP              | ZA        |    317240 | NS      | $871045.20    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Boliden AB                                | Boliden AB                                                | CUSIP: N/A<br>LEI: 21380059QU7IM1ONDJ56       | Long             | EC               | CORP              | SE        |     56868 | NS      | $2068596.30   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| WH Group Ltd                              | WH Group Ltd                                              | CUSIP: N/A<br>LEI: 254900A4AYEDRWYSE928       | Long             | EC               | CORP              | HK        |   2349500 | NS      | $1375596.05   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Daeduck Electronics Co Ltd / N            | Daeduck Electronics Co Ltd / New                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     80896 | NS      | $1423048.26   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Stellantis NV                             | Stellantis NV                                             | CUSIP: N/A<br>LEI: 549300LKT9PW7ZIBDF31       | Long             | EC               | CORP              | NL        |    134284 | NS      | $2059058.20   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| H Lundbeck A/S                            | H Lundbeck A/S                                            | CUSIP: N/A<br>LEI: 5493006R4KC2OI5D3470       | Long             | EC               | CORP              | DK        |    361369 | NS      | $1321172.71   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Interfor Corp                             | Interfor Corp                                             | CUSIP: 45868C109<br>LEI: 549300P4G5UZ3AMJE056 | Long             | EC               | CORP              | CA        |     32858 | NS      | $610770.52    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Investor AB                               | Investor AB                                               | CUSIP: W5R777115<br>LEI: 549300VEBQPHRZBKUX38 | Long             | EC               | CORP              | SE        |      9412 | NS      | $170344.15    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Volvo Car AB                              | Volvo Car AB                                              | CUSIP: N/A<br>LEI: 5299000EAMGGBEYP7J33       | Long             | EC               | CORP              | SE        |    235972 | NS      | $1141378.85   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Sri Trang Gloves Thailand PCL             | Sri Trang Gloves Thailand PCL                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TH        |   2814100 | NS      | $797986.67    | 0.23%             |  |  |  | No            |                  1 | On Loan: —       |
| TIM SA/Brazil                             | TIM SA/Brazil                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |    753383 | NS      | $1858100.23   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Var Energi ASA                            | Var Energi ASA                                            | CUSIP: N/A<br>LEI: 549300LIVN3FFOJN2K47       | Long             | EC               | CORP              | NO        |     49959 | NS      | $180873.81    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Aviva PLC                                 | Aviva PLC                                                 | CUSIP: G0683Q158<br>LEI: YF0Y5B0IB8SM0ZFG9G81 | Long             | EC               | CORP              | GB        |    367434 | NS      | $1944157.75   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| UBS Group AG                              | UBS Group AG                                              | CUSIP: N/A<br>LEI: 549300SZJ9VS8SGXAN81       | Long             | EC               | CORP              | CH        |     39203 | NS      | $708760.61    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| AGL Energy Ltd                            | AGL Energy Ltd                                            | CUSIP: N/A<br>LEI: 549300QAZ8A74DEDXO80       | Long             | EC               | CORP              | AU        |    301187 | NS      | $1605566.88   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Axfood AB                                 | Axfood AB                                                 | CUSIP: N/A<br>LEI: 549300QIXCZWZLHE8L05       | Long             | EC               | CORP              | SE        |     19043 | NS      | $503941.80    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| CK Hutchison Holdings Ltd                 | CK Hutchison Holdings Ltd                                 | CUSIP: N/A<br>LEI: 254900Z8HM1VEPOQ2G79       | Long             | EC               | CORP              | HK        |    270000 | NS      | $1566972.01   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Tryg A/S                                  | Tryg A/S                                                  | CUSIP: N/A<br>LEI: 213800ZRS8AC4LSTCE39       | Long             | EC               | CORP              | DK        |     79875 | NS      | $1829991.90   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| COFCO Joycome Foods Ltd                   | COFCO Joycome Foods Ltd                                   | CUSIP: N/A<br>LEI: 3003003OFHF11IML2X42       | Long             | EC               | CORP              | CN        |   4031000 | NS      | $1177462.05   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| CK Asset Holdings Ltd                     | CK Asset Holdings Ltd                                     | CUSIP: N/A<br>LEI: 5299006GJZSGP78B8S35       | Long             | EC               | CORP              | HK        |    253000 | NS      | $1508827.11   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Schaeffler AG                             | Schaeffler AG                                             | CUSIP: N/A<br>LEI: 549300Q7E782X7GC1P43       | Long             | EP               | CORP              | DE        |     45856 | NS      | $303125.54    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Janus Henderson Group PLC                 | Janus Henderson Group PLC                                 | CUSIP: N/A<br>LEI: 2138009WPYMWJN3RVF44       | Long             | EC               | CORP              | GB        |     54311 | NS      | $1373525.19   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Perrigo Co PLC                            | Perrigo Co PLC                                            | CUSIP: N/A<br>LEI: 549300IFOQS6R1QLY196       | Long             | EC               | CORP              | IE        |     42681 | NS      | $1375608.63   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Chubb Ltd                                 | Chubb Ltd                                                 | CUSIP: N/A<br>LEI: E0JAN6VLUDI1HITHT809       | Long             | EC               | CORP              | CH        |      9398 | NS      | $2063706.82   | 0.59%             |  |  |  | No            |                  1 | On Loan: —       |
| Check Point Software Technolog            | Check Point Software Technologies Ltd                     | CUSIP: N/A<br>LEI: 2549003ZVBH73EPNS513       | Long             | EC               | CORP              | IL        |     13781 | NS      | $1830530.23   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| ZIM Integrated Shipping Servic            | ZIM Integrated Shipping Services Ltd                      | CUSIP: N/A<br>LEI: 21380089EIJRELKAIL21       | Long             | EC               | CORP              | IL        |     37441 | NS      | $787009.82    | 0.22%             |  |  |  | No            |                  1 | On Loan: —       |
| uniQure NV                                | uniQure NV                                                | CUSIP: N/A<br>LEI: 724500RPCTZLFYJZ3S98       | Long             | EC               | CORP              | NL        |     73539 | NS      | $1945841.94   | 0.55%             |  |  |  | No            |                  1 | On Loan: —       |
| BT Group PLC                              | BT Group PLC                                              | CUSIP: N/A<br>LEI: 213800LRO7NS5CYQMN21       | Long             | EC               | CORP              | GB        |    101791 | NS      | $147164.79    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Kingfisher PLC                            | Kingfisher PLC                                            | CUSIP: N/A<br>LEI: 213800KBMEV7I92FY281       | Long             | EC               | CORP              | GB        |    385463 | NS      | $1106765.86   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Assicurazioni Generali SpA                | Assicurazioni Generali SpA                                | CUSIP: N/A<br>LEI: 549300X5UKJVE386ZB61       | Long             | EC               | CORP              | IT        |    118606 | NS      | $2068766.10   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Carlsberg AS                              | Carlsberg AS                                              | CUSIP: N/A<br>LEI: 5299001O0WJQYB5GYZ19       | Long             | EC               | CORP              | DK        |     13708 | NS      | $1695353.79   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| AP Moller - Maersk A/S                    | AP Moller - Maersk A/S                                    | CUSIP: K0514G101<br>LEI: 549300D2K6PKKKXVNN73 | Long             | EC               | CORP              | DK        |       701 | NS      | $1489589.82   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Fresenius SE & Co KGaA                    | Fresenius SE & Co KGaA                                    | CUSIP: N/A<br>LEI: XDFJ0CYCOO1FXRFTQS51       | Long             | EC               | CORP              | DE        |     19283 | NS      | $527343.99    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| OMV AG                                    | OMV AG                                                    | CUSIP: N/A<br>LEI: 549300V62YJ9HTLRI486       | Long             | EC               | CORP              | AT        |      3811 | NS      | $196828.42    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Leroy Seafood Group ASA                   | Leroy Seafood Group ASA                                   | CUSIP: N/A<br>LEI: 5967007LIEEXZXJ2JK50       | Long             | EC               | CORP              | NO        |    235320 | NS      | $1135164.15   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Telenor ASA                               | Telenor ASA                                               | CUSIP: N/A<br>LEI: 549300IM1QSBY4SLPM26       | Long             | EC               | CORP              | NO        |    149658 | NS      | $1430367.35   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| RWE AG                                    | RWE AG                                                    | CUSIP: N/A<br>LEI: 529900GB7KCA94ACC940       | Long             | EC               | CORP              | DE        |     10173 | NS      | $439936.16    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Storebrand ASA                            | Storebrand ASA                                            | CUSIP: N/A<br>LEI: 5967007LIEEXZX7NA051       | Long             | EC               | CORP              | NO        |    194935 | NS      | $1714135.36   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Trelleborg AB                             | Trelleborg AB                                             | CUSIP: N/A<br>LEI: 213800XY16PAWG2PAD14       | Long             | EC               | CORP              | SE        |     75046 | NS      | $1788217.01   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| voestalpine AG                            | voestalpine AG                                            | CUSIP: N/A<br>LEI: 529900ZAXBMQDIWPNB72       | Long             | EC               | CORP              | AT        |      2622 | NS      | $70085.58     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Bayer AG                                  | Bayer AG                                                  | CUSIP: N/A<br>LEI: 549300J4U55H3WP1XT59       | Long             | EC               | CORP              | DE        |     29848 | NS      | $1701999.84   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Kongsberg Gruppen ASA                     | Kongsberg Gruppen ASA                                     | CUSIP: R60837102<br>LEI: 5967007LIEEXZXJ9HK73 | Long             | EC               | CORP              | NO        |     51489 | NS      | $2088239.73   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Allianz SE                                | Allianz SE                                                | CUSIP: N/A<br>LEI: 529900K9B0N5BT694847       | Long             | EC               | CORP              | DE        |      9895 | NS      | $2082004.99   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| KGHM Polska Miedz SA                      | KGHM Polska Miedz SA                                      | CUSIP: N/A<br>LEI: G30CO71KTT9JDYJESN22       | Long             | EC               | CORP              | PL        |     78874 | NS      | $2011852.51   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| FLSmidth & Co A/S                         | FLSmidth & Co A/S                                         | CUSIP: N/A<br>LEI: 213800MXXDGQ3ITPXI41       | Long             | EC               | CORP              | DK        |     69205 | NS      | $1995570.34   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Munich Re                                 | Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen | CUSIP: N/A<br>LEI: 529900MUF4C20K50JS49       | Long             | EC               | CORP              | DE        |      7169 | NS      | $2223334.84   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Saab AB                                   | Saab AB                                                   | CUSIP: N/A<br>LEI: 549300ZHO4JCQQI13M69       | Long             | EC               | CORP              | SE        |     48057 | NS      | $1748543.30   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank Polska Kasa Opieki SA                | Bank Polska Kasa Opieki SA                                | CUSIP: N/A<br>LEI: 5493000LKS7B3UTF7H35       | Long             | EC               | CORP              | PL        |     11504 | NS      | $212600.63    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Aurubis AG                                | Aurubis AG                                                | CUSIP: D10004105<br>LEI: 5299005SHIN9ZK7GW242 | Long             | EC               | CORP              | DE        |     11322 | NS      | $883890.07    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Volkswagen AG                             | Volkswagen AG                                             | CUSIP: N/A<br>LEI: 529900NNUPAGGOMPXZ31       | Long             | EP               | CORP              | DE        |     13005 | NS      | $1873352.04   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Mercedes-Benz Group AG                    | Mercedes-Benz Group AG                                    | CUSIP: D1668R123<br>LEI: 529900R27DL06UVNT076 | Long             | EC               | CORP              | DE        |     31123 | NS      | $2063757.41   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| DCC PLC                                   | DCC PLC                                                   | CUSIP: N/A<br>LEI: 213800UPS1QEE4TD3T45       | Long             | EC               | CORP              | IE        |     18539 | NS      | $969008.82    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| HSBC Holdings PLC                         | HSBC Holdings PLC                                         | CUSIP: N/A<br>LEI: MLU0ZO3ML4LN2LL2TL39       | Long             | EC               | CORP              | GB        |    282068 | NS      | $1712159.81   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Securitas AB                              | Securitas AB                                              | CUSIP: N/A<br>LEI: 635400TTYKE8EIWDS617       | Long             | EC               | CORP              | SE        |    307940 | NS      | $2465529.85   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Repsol SA                                 | Repsol SA                                                 | CUSIP: N/A<br>LEI: BSYCX13Y0NOTV14V9N85       | Long             | EC               | CORP              | ES        |     41057 | NS      | $625662.69    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Telefonica SA                             | Telefonica SA                                             | CUSIP: 879382109<br>LEI: 549300EEJH4FEPDBBR25 | Long             | EC               | CORP              | ES        |    391914 | NS      | $1446675.96   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Deutsche Bank AG                          | Deutsche Bank AG                                          | CUSIP: D18190898<br>LEI: 7LTWFZYICNSX8D621K86 | Long             | EC               | CORP              | DE        |    206641 | NS      | $2153645.18   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Rio Tinto PLC                             | Rio Tinto PLC                                             | CUSIP: N/A<br>LEI: 213800YOEO5OQ72G2R82       | Long             | EC               | CORP              | GB        |     19856 | NS      | $1320659.28   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco de Chile                            | Banco de Chile                                            | CUSIP: N/A<br>LEI: 8B4EZFY8IHJC44TT2K84       | Long             | EC               | CORP              | CL        |   7516261 | NS      | $706545.56    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Vale SA                                   | Vale SA                                                   | CUSIP: N/A<br>LEI: 254900SMTWBX7RU2SR20       | Long             | EC               | CORP              | BR        |     60534 | NS      | $986837.27    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Cia Paranaense de Energia                 | Cia Paranaense de Energia                                 | CUSIP: P30557139<br>LEI: 2549001AS1I9A71VG663 | Long             | EP               | CORP              | BR        |   1361402 | NS      | $2076223.48   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Celestica Inc                             | Celestica Inc                                             | CUSIP: 15101Q108<br>LEI: 549300J3CG5T6RZWLN53 | Long             | EC               | CORP              | CA        |     22075 | NS      | $244409.35    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Enel Americas SA                          | Enel Americas SA                                          | CUSIP: N/A<br>LEI: 549300LKH11TFCJLZK20       | Long             | EC               | CORP              | CL        |  18594071 | NS      | $2448076.03   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Bayerische Motoren Werke AG               | Bayerische Motoren Werke AG                               | CUSIP: N/A<br>LEI: YEH5ZCD6E441RHVHD759       | Long             | EC               | CORP              | DE        |     20019 | NS      | $1779077.32   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Suedzucker AG                             | Suedzucker AG                                             | CUSIP: N/A<br>LEI: 529900S8QNB101D40S72       | Long             | EC               | CORP              | DE        |     22885 | NS      | $331540.31    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Embotelladora Andina SA                   | Embotelladora Andina SA                                   | CUSIP: N/A<br>LEI: 254900NNPKP1J9XTSA53       | Long             | EP               | CORP              | CL        |   1005845 | NS      | $1920774.46   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Daqo New Energy Corp                      | Daqo New Energy Corp                                      | CUSIP: 23703Q203<br>LEI: 529900711JBZ5O7VA827 | Long             | EC               | CORP              | CN        |     29157 | NS      | $1659324.87   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Great-West Lifeco Inc                     | Great-West Lifeco Inc                                     | CUSIP: 39138C106<br>LEI: 549300X81X4VZEESFU46 | Long             | EC               | CORP              | CA        |     20075 | NS      | $475035.77    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Manulife Financial Corp                   | Manulife Financial Corp                                   | CUSIP: 56501R106<br>LEI: 5493007GBX87QOZACS27 | Long             | EC               | CORP              | CA        |     99770 | NS      | $1783157.85   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Polski Koncern Naftowy ORLEN S            | Polski Koncern Naftowy ORLEN SA                           | CUSIP: N/A<br>LEI: 259400VVMM70CQREJT74       | Long             | EC               | CORP              | PL        |    107796 | NS      | $1550492.04   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Nokia Oyj                                 | Nokia Oyj                                                 | CUSIP: N/A<br>LEI: 549300A0JPRWG1KI7U06       | Long             | EC               | CORP              | FI        |    342601 | NS      | $1641394.62   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Ericsson                                  | Telefonaktiebolaget LM Ericsson                           | CUSIP: N/A<br>LEI: 549300W9JLPW15XIFM52       | Long             | EC               | CORP              | SE        |    239012 | NS      | $1459560.52   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Telia Co AB                               | Telia Co AB                                               | CUSIP: N/A<br>LEI: 213800FSR9RNDUOTXO25       | Long             | EC               | CORP              | SE        |    479810 | NS      | $1287736.29   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Zurich Insurance Group AG                 | Zurich Insurance Group AG                                 | CUSIP: N/A<br>LEI: 529900QVNRBND50TXP03       | Long             | EC               | CORP              | CH        |      3405 | NS      | $1618603.52   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| ASMPT Ltd                                 | ASMPT Ltd                                                 | CUSIP: N/A<br>LEI: 529900PYFA1HFYKPT360       | Long             | EC               | CORP              | HK        |    220300 | NS      | $1620039.72   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| ST Engineering                            | Singapore Technologies Engineering Ltd                    | CUSIP: N/A<br>LEI: 254900OEXGGWCR24DG90       | Long             | EC               | CORP              | SG        |    595200 | NS      | $1489846.02   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Beach Energy Ltd                          | Beach Energy Ltd                                          | CUSIP: N/A<br>LEI: 8Q9PJD25OKTQT5FHUF40       | Long             | EC               | CORP              | AU        |   1317803 | NS      | $1570903.85   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Bendigo & Adelaide Bank Ltd               | Bendigo & Adelaide Bank Ltd                               | CUSIP: N/A<br>LEI: 549300Y9URD6W70K0360       | Long             | EC               | CORP              | AU        |    249283 | NS      | $1527540.97   | 0.44%             |  |  |  | No            |                  1 | On Loan: —       |
| Bezeq The Israeli Telecommunic            | Bezeq The Israeli Telecommunication Corp Ltd              | CUSIP: N/A<br>LEI: 213800XCGZCFSWY9U863       | Long             | EC               | CORP              | IL        |   1058429 | NS      | $1932615.34   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Gigabyte Technology Co Ltd                | Gigabyte Technology Co Ltd                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     95000 | NS      | $331979.74    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicony Electronics Co Ltd                | Chicony Electronics Co Ltd                                | CUSIP: N/A<br>LEI: 254900JBP5GB5B1IHS51       | Long             | EC               | CORP              | TW        |    635000 | NS      | $1711523.84   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsung Fire & Marine Insuranc            | Samsung Fire & Marine Insurance Co Ltd                    | CUSIP: N/A<br>LEI: 988400JMBDK47EW0Z936       | Long             | EC               | CORP              | KR        |      2669 | NS      | $415877.09    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| DB Insurance Co Ltd                       | DB Insurance Co Ltd                                       | CUSIP: N/A<br>LEI: 9884000ZF26VNJBWSJ91       | Long             | EC               | CORP              | KR        |     38913 | NS      | $1832276.07   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Harvey Norman Holdings Ltd                | Harvey Norman Holdings Ltd                                | CUSIP: N/A<br>LEI: 529900ONRWOF42PYKU59       | Long             | EC               | CORP              | AU        |    372264 | NS      | $1059544.20   | 0.30%             |  |  |  | No            |                  1 | On Loan: —       |
| KT&G Corp                                 | KT&G Corp                                                 | CUSIP: N/A<br>LEI: 988400ZJV6ISYBLQX875       | Long             | EC               | CORP              | KR        |     28166 | NS      | $2133512.83   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| CSPC Pharmaceutical Group Ltd             | CSPC Pharmaceutical Group Ltd                             | CUSIP: N/A<br>LEI: 529900M3XQCW234H8O91       | Long             | EC               | CORP              | CN        |    330000 | NS      | $422356.03    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| CHINA OVERSEAS                            | China Overseas Land & Investment Ltd                      | CUSIP: N/A<br>LEI: 529900I6W35GYKRIZ151       | Long             | EC               | CORP              | HK        |    629000 | NS      | $1700326.69   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Loblaw Cos Ltd                            | Loblaw Cos Ltd                                            | CUSIP: 539481101<br>LEI: 5493008LN3O1DIDTSH67 | Long             | EC               | CORP              | CA        |     18947 | NS      | $1696662.83   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Fairfax Financial Holdings Ltd            | Fairfax Financial Holdings Ltd                            | CUSIP: 303901102<br>LEI: GLS7OQD0WOEDI8YAP031 | Long             | EC               | CORP              | CA        |      3245 | NS      | $1847330.60   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Gerdau SA                                 | Gerdau SA                                                 | CUSIP: P2867P113<br>LEI: 254900YDV6SEQQPZVG24 | Long             | EP               | CORP              | BR        |    392228 | NS      | $2348684.06   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Metalurgica Gerdau SA                     | Metalurgica Gerdau SA                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               | CORP              | BR        |    827652 | NS      | $2145146.57   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| City Developments Ltd                     | City Developments Ltd                                     | CUSIP: N/A<br>LEI: 254900BPLPJS0RJ72373       | Long             | EC               | CORP              | SG        |     68900 | NS      | $416829.16    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Compeq Manufacturing Co Ltd               | Compeq Manufacturing Co Ltd                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |   1077000 | NS      | $1726726.63   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Lenovo Group Ltd                          | Lenovo Group Ltd                                          | CUSIP: N/A<br>LEI: 254900VUZRGD5U73RE46       | Long             | EC               | CORP              | CN        |   1870000 | NS      | $1576401.26   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Delek Group Ltd                           | Delek Group Ltd                                           | CUSIP: N/A<br>LEI: 213800CYKA4XE2HZZB09       | Long             | EC               | CORP              | IL        |     13206 | NS      | $1653477.09   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Rio Tinto Ltd                             | Rio Tinto Ltd                                             | CUSIP: N/A<br>LEI: 529900X2VMAQT2PE0V24       | Long             | EC               | CORP              | AU        |     26146 | NS      | $1919438.34   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| SK Telecom Co Ltd                         | SK Telecom Co Ltd                                         | CUSIP: N/A<br>LEI: 9884003WEA1PHW006037       | Long             | EC               | CORP              | KR        |     44816 | NS      | $1699056.00   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| PetroChina Co Ltd                         | PetroChina Co Ltd                                         | CUSIP: N/A<br>LEI: 529900RPY4YG47TRSV05       | Long             | EC               | CORP              | CN        |   1328000 | NS      | $602283.01    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| United Tractors Tbk PT                    | United Tractors Tbk PT                                    | CUSIP: N/A<br>LEI: 529900N9ELYOWQV4FW14       | Long             | EC               | CORP              | ID        |    862900 | NS      | $1689433.30   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Jardine Cycle & Carriage Ltd              | Jardine Cycle & Carriage Ltd                              | CUSIP: N/A<br>LEI: 254900WEP6OCEXFWML09       | Long             | EC               | CORP              | SG        |     88000 | NS      | $1940071.52   | 0.55%             |  |  |  | No            |                  1 | On Loan: —       |
| CHINA TAIPING                             | China Taiping Insurance Holdings Co Ltd                   | CUSIP: N/A<br>LEI: 529900C2G37NOIADYW07       | Long             | EC               | CORP              | HK        |   1684000 | NS      | $1708702.84   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| AUO Corp                                  | AUO Corp                                                  | CUSIP: N/A<br>LEI: 391200L7PIS4QXYJUQ72       | Long             | EC               | CORP              | TW        |   2962600 | NS      | $1543345.36   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| LG Uplus Corp                             | LG Uplus Corp                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |    190328 | NS      | $1746194.64   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| SINOPEC CORP                              | China Petroleum & Chemical Corp                           | CUSIP: N/A<br>LEI: 529900A2OB24EZ5B3J19       | Long             | EC               | CORP              | CN        |   3846000 | NS      | $1808317.21   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Evergreen Marine Corp Taiwan L            | Evergreen Marine Corp Taiwan Ltd                          | CUSIP: N/A<br>LEI: 254900EIJA0A39C5SO15       | Long             | EC               | CORP              | TW        |    232000 | NS      | $1223600.98   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Kunlun Energy Co Ltd                      | Kunlun Energy Co Ltd                                      | CUSIP: N/A<br>LEI: 5299007GRIKP15GM4927       | Long             | EC               | CORP              | HK        |   2342000 | NS      | $1800269.04   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Daewoo Engineering & Construct            | Daewoo Engineering & Construction Co Ltd                  | CUSIP: N/A<br>LEI: 988400P76EU13V47BI82       | Long             | EC               | CORP              | KR        |    439332 | NS      | $1695568.02   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Novatek Microelectronics Corp             | Novatek Microelectronics Corp                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |    182000 | NS      | $1757842.46   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| H.U. Group Holdings Inc                   | H.U. Group Holdings Inc                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     74000 | NS      | $1471621.04   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| HannStar Display Corp                     | HannStar Display Corp                                     | CUSIP: N/A<br>LEI: 2549008HA1JAXKHV8621       | Long             | EC               | CORP              | TW        |   5109000 | NS      | $1884538.35   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Harmony Gold Mining Co Ltd                | Harmony Gold Mining Co Ltd                                | CUSIP: N/A<br>LEI: 378900986D05F0C29811       | Long             | EC               | CORP              | ZA        |    549861 | NS      | $1992407.06   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Cia Brasileira de Distribuicao            | Cia Brasileira de Distribuicao                            | CUSIP: N/A<br>LEI: 5299003V5B6KLICZCC14       | Long             | EC               | CORP              | BR        |    322262 | NS      | $1259927.50   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Petroleo Brasileiro SA                    | Petroleo Brasileiro SA                                    | CUSIP: N/A<br>LEI: 5493000J801JZRCMFE49       | Long             | EP               | CORP              | BR        |    310492 | NS      | $1558718.49   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxaro Resources Ltd                      | Exxaro Resources Ltd                                      | CUSIP: S26949107<br>LEI: 378900BC3D9BFF4E4A37 | Long             | EC               | CORP              | ZA        |    151647 | NS      | $2015238.97   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Hon Hai Precision Industry Co             | Hon Hai Precision Industry Co Ltd                         | CUSIP: N/A<br>LEI: 30030004CM3GSZXX7O56       | Long             | EC               | CORP              | TW        |    489000 | NS      | $1590153.86   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Falabella SA                              | Falabella SA                                              | CUSIP: N/A<br>LEI: 5493004CKJQ7H391LM41       | Long             | EC               | CORP              | CL        |    703673 | NS      | $1248350.16   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Arca Continental SAB de CV                | Arca Continental SAB de CV                                | CUSIP: P0448R103<br>LEI: 254900U2BSJCQHJCXN24 | Long             | EC               | CORP              | MX        |    260103 | NS      | $2156169.09   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Hyundai Mobis Co Ltd                      | Hyundai Mobis Co Ltd                                      | CUSIP: N/A<br>LEI: 988400HJA9E0ZVDHRS65       | Long             | EC               | CORP              | KR        |      9897 | NS      | $1598408.46   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Kia Corp                                  | Kia Corp                                                  | CUSIP: N/A<br>LEI: 988400V8MJK9N7OI5X76       | Long             | EC               | CORP              | KR        |     28099 | NS      | $1461569.85   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Kingboard Holdings Ltd                    | Kingboard Holdings Ltd                                    | CUSIP: N/A<br>LEI: 529900G89MY26MMSDR76       | Long             | EC               | CORP              | HK        |    571500 | NS      | $1874370.64   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| KT Corp                                   | KT Corp                                                   | CUSIP: N/A<br>LEI: 9884005ACF8449EANY26       | Long             | EC               | CORP              | KR        |     61990 | NS      | $1757914.85   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| West Fraser Timber Co Ltd                 | West Fraser Timber Co Ltd                                 | CUSIP: 952845105<br>LEI: 5493005WD1ZK6WBVR988 | Long             | EC               | CORP              | CA        |     13688 | NS      | $1062367.31   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Lite-On Technology Corp                   | Lite-On Technology Corp                                   | CUSIP: N/A<br>LEI: 2549005GU1PQ73SZBT32       | Long             | EC               | CORP              | TW        |    834000 | NS      | $1770248.01   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Radiant Opto-Electronics Corp             | Radiant Opto-Electronics Corp                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |    596000 | NS      | $2024882.30   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| SL Corp                                   | SL Corp                                                   | CUSIP: N/A<br>LEI: 549300W7X9LRFVNUKN83       | Long             | EC               | CORP              | KR        |     72580 | NS      | $1535414.94   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| BlueScope Steel Ltd                       | BlueScope Steel Ltd                                       | CUSIP: N/A<br>LEI: 529900H6UQI16XACWC95       | Long             | EC               | CORP              | AU        |    133823 | NS      | $1571056.44   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| MISC Bhd                                  | MISC Bhd                                                  | CUSIP: N/A<br>LEI: 9845002055U77FF6B972       | Long             | EC               | CORP              | MY        |    314800 | NS      | $509625.63    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Macronix International Co Ltd             | Macronix International Co Ltd                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |   1632000 | NS      | $1829732.57   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Telkom SA SOC Ltd                         | Telkom SA SOC Ltd                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | ZA        |    578780 | NS      | $1180544.35   | 0.34%             |  |  |  | No            |                  1 | On Loan: —       |
| Powertech Technology Inc                  | Powertech Technology Inc                                  | CUSIP: N/A<br>LEI: 254900O6KNZXH2RI9Q14       | Long             | EC               | CORP              | TW        |    579000 | NS      | $1566206.66   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| ComfortDelGro Corp Ltd                    | ComfortDelGro Corp Ltd                                    | CUSIP: N/A<br>LEI: 2549005O5PVA2JCH6Q33       | Long             | EC               | CORP              | SG        |   1010000 | NS      | $906589.80    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| NGK Spark Plug Co Ltd                     | NGK Spark Plug Co Ltd                                     | CUSIP: N/A<br>LEI: 549300RG3XQGTFM4HH31       | Long             | EC               | CORP              | JP        |     91200 | NS      | $1751583.78   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| NongShim Co Ltd                           | NongShim Co Ltd                                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |      8239 | NS      | $2052175.38   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Nippon Electric Glass Co Ltd              | Nippon Electric Glass Co Ltd                              | CUSIP: N/A<br>LEI: 529900NCIGSAX4V03234       | Long             | EC               | CORP              | JP        |     46300 | NS      | $840129.00    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Nisshinbo Holdings Inc                    | Nisshinbo Holdings Inc                                    | CUSIP: N/A<br>LEI: 353800YAM89GL5GPHB47       | Long             | EC               | CORP              | JP        |    226600 | NS      | $1646641.82   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| OOIL                                      | Orient Overseas International Ltd                         | CUSIP: N/A<br>LEI: 529900DQ426GJO276W95       | Long             | EC               | CORP              | HK        |     55000 | NS      | $1030171.03   | 0.29%             |  |  |  | No            |                  1 | On Loan: —       |
| Regional Container Lines PCL              | Regional Container Lines PCL                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TH        |   1770700 | NS      | $1506337.73   | 0.43%             |  |  |  | No            |                  1 | On Loan: —       |
| JB Hi-Fi Ltd                              | JB Hi-Fi Ltd                                              | CUSIP: N/A<br>LEI: 529900TPC8H040Y3ZQ65       | Long             | EC               | CORP              | AU        |     58299 | NS      | $1744819.76   | 0.50%             |  |  |  | No            |                  1 | On Loan: —       |
| PICC P&C                                  | PICC Property & Casualty Co Ltd                           | CUSIP: N/A<br>LEI: 300300F1000311000017       | Long             | EC               | CORP              | CN        |   1680000 | NS      | $1691730.19   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| QBE Insurance Group Ltd                   | QBE Insurance Group Ltd                                   | CUSIP: N/A<br>LEI: 549300D2FBW76FPUSG65       | Long             | EC               | CORP              | AU        |    220298 | NS      | $1898751.86   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| China Life Insurance Co Ltd               | China Life Insurance Co Ltd                               | CUSIP: N/A<br>LEI: 549300J6TFLDXGH6S048       | Long             | EC               | CORP              | CN        |   1176000 | NS      | $1786863.11   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Shimamura Co Ltd                          | Shimamura Co Ltd                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     18600 | NS      | $1664855.96   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Sino Land Co Ltd                          | Sino Land Co Ltd                                          | CUSIP: N/A<br>LEI: 529900G5P51053HJVZ92       | Long             | EC               | CORP              | HK        |   1220000 | NS      | $1517673.44   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Sonic Healthcare Ltd                      | Sonic Healthcare Ltd                                      | CUSIP: N/A<br>LEI: 549300NQQ5L2NONWR862       | Long             | EC               | CORP              | AU        |     71815 | NS      | $1552486.39   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Tabcorp Holdings Ltd                      | Tabcorp Holdings Ltd                                      | CUSIP: Q8815D101<br>LEI: 213800OCCFUN67NEY278 | Long             | EC               | CORP              | AU        |   2527472 | NS      | $1794201.97   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Teva Pharmaceutical Industries            | Teva Pharmaceutical Industries Ltd                        | CUSIP: N/A<br>LEI: 549300BAFGM4RC74ZJ94       | Long             | EC               | CORP              | IL        |    156809 | NS      | $1340714.00   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| TOPPAN INC                                | TOPPAN INC                                                | CUSIP: 890747108<br>LEI: 3538003H9W4KIDODQY20 | Long             | EC               | CORP              | JP        |    104600 | NS      | $1598159.67   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Mazda Motor Corp                          | Mazda Motor Corp                                          | CUSIP: N/A<br>LEI: 52990044YZJLICDQKK92       | Long             | EC               | CORP              | JP        |    215200 | NS      | $1682551.24   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| United Overseas Bank Ltd                  | United Overseas Bank Ltd                                  | CUSIP: N/A<br>LEI: IO66REGK3RCBAMA8HR66       | Long             | EC               | CORP              | SG        |     88319 | NS      | $2010912.06   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| UOL Group Ltd                             | UOL Group Ltd                                             | CUSIP: N/A<br>LEI: 254900O9PRCWTMR86R25       | Long             | EC               | CORP              | SG        |    156900 | NS      | $762573.16    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Venture Corp Ltd                          | Venture Corp Ltd                                          | CUSIP: N/A<br>LEI: 254900B1NLZC3J1MAE72       | Long             | EC               | CORP              | SG        |    101500 | NS      | $1281434.72   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Winbond Electronics Corp                  | Winbond Electronics Corp                                  | CUSIP: N/A<br>LEI: 254900STBMBTLA91J410       | Long             | EC               | CORP              | TW        |   2331000 | NS      | $1598977.53   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| TRAD CHI MED                              | China Traditional Chinese Medicine Holdings Co Ltd        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | HK        |   4000000 | NS      | $1993466.15   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Yang Ming Marine Transport Cor            | Yang Ming Marine Transport Corp                           | CUSIP: N/A<br>LEI: 254900WG2ACWNVSP6E13       | Long             | EC               | CORP              | TW        |    599000 | NS      | $1281127.95   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Novartis AG                               | Novartis AG                                               | CUSIP: N/A<br>LEI: 5493007HIVTX6SY6XD66       | Long             | EC               | CORP              | CH        |     20493 | NS      | $1799254.21   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Baloise Holding AG                        | Baloise Holding AG                                        | CUSIP: N/A<br>LEI: 529900G5XKBZN48T6283       | Long             | EC               | CORP              | CH        |     11052 | NS      | $1650694.94   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinor ASA                               | Equinor ASA                                               | CUSIP: N/A<br>LEI: OW6OFBNCKXC4US5C7523       | Long             | EC               | CORP              | NO        |     50662 | NS      | $1926153.37   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Swatch Group AG/The                       | Swatch Group AG/The                                       | CUSIP: N/A<br>LEI: 529900NTES2LEON1JZ55       | Long             | EC               | CORP              | CH        |      6118 | NS      | $1604068.64   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Cie de Saint-Gobain                       | Cie de Saint-Gobain                                       | CUSIP: N/A<br>LEI: NFONVGN05Z0FMN5PEC35       | Long             | EC               | CORP              | FR        |     31115 | NS      | $1401488.55   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Resolute Forest Products Inc              | Resolute Forest Products Inc                              | CUSIP: 76117W109<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     86776 | NS      | $1830973.60   | 0.52%             |  |  |  | No            |                  1 | On Loan: —       |
| Yara International ASA                    | Yara International ASA                                    | CUSIP: N/A<br>LEI: 213800WKOUWXWFJ5Z514       | Long             | EC               | CORP              | NO        |     42534 | NS      | $1919567.95   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| 360 DigiTech Inc                          | 360 DigiTech Inc                                          | CUSIP: 88557W101<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     62470 | NS      | $980154.30    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| U.S. Bank Money Market Deposit Account    | U.S. Bank Money Market Deposit Account                    | CUSIP: 8AMMF0A84<br>LEI: N/A                  | Long             | STIV             | RF                | US        |    700996 | NS      | $700996.19    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Vipshop Holdings Ltd                      | Vipshop Holdings Ltd                                      | CUSIP: 92763W103<br>LEI: 549300I9F52K06HPZX60 | Long             | EC               | CORP              | CN        |     72799 | NS      | $811708.85    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Mount Vernon Liquid Assets Portfolio, LLC | Mount Vernon Liquid Assets Portfolio, LLC                 | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | PF                | US        |   2597324 | NS      | $2597323.50   | 0.74%             |  |  |  | No            |                  2 | On Loan: No      |
| Proximus SADP                             | Proximus SADP                                             | CUSIP: N/A<br>LEI: 549300CWRXC5EP004533       | Long             | EC               | CORP              | BE        |     56211 | NS      | $578663.07    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Cencosud SA                               | Cencosud SA                                               | CUSIP: N/A<br>LEI: 549300NLTGCFV7482429       | Long             | EC               | CORP              | CL        |   1356931 | NS      | $2004537.37   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| J Sainsbury PLC                           | J Sainsbury PLC                                           | CUSIP: N/A<br>LEI: 213800VGZAAJIKJ9Y484       | Long             | EC               | CORP              | GB        |    327192 | NS      | $867368.57    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Hyundai Marine & Fire Insuranc            | Hyundai Marine & Fire Insurance Co Ltd                    | CUSIP: N/A<br>LEI: 988400SYR92543UITC37       | Long             | EC               | CORP              | KR        |     71820 | NS      | $1644587.33   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| GS Holdings Corp                          | GS Holdings Corp                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     56888 | NS      | $2096339.08   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Pacific Basin Shipping Ltd                | Pacific Basin Shipping Ltd                                | CUSIP: N/A<br>LEI: 254900LNPK737X4Y3V26       | Long             | EC               | CORP              | HK        |   4295000 | NS      | $1430657.87   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Mowi ASA                                  | Mowi ASA                                                  | CUSIP: N/A<br>LEI: 549300W1OGQF5LZIH349       | Long             | EC               | CORP              | NO        |     79772 | NS      | $1229243.15   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Crescent Point Energy Corp                | Crescent Point Energy Corp                                | CUSIP: 22576C101<br>LEI: 549300FTKUHZK8OC7N74 | Long             | EC               | CORP              | CA        |    244451 | NS      | $1884275.98   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Telefonica Brasil SA                      | Telefonica Brasil SA                                      | CUSIP: N/A<br>LEI: 529900MTGG2HSDBIWG79       | Long             | EC               | CORP              | BR        |    205242 | NS      | $1482294.66   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Hankook Tire & Technology Co L            | Hankook Tire & Technology Co Ltd                          | CUSIP: N/A<br>LEI: 9884001BIEVM09M7AH02       | Long             | EC               | CORP              | KR        |     54366 | NS      | $1401557.42   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Astra International Tbk PT                | Astra International Tbk PT                                | CUSIP: N/A<br>LEI: 529900L49TRJOMG4DK47       | Long             | EC               | CORP              | ID        |   4346500 | NS      | $1671571.37   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| HUGO BOSS AG                              | HUGO BOSS AG                                              | CUSIP: N/A<br>LEI: 529900LFVU534EBRXD13       | Long             | EC               | CORP              | DE        |     29928 | NS      | $1644930.64   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| UnipolSai Assicurazioni SpA               | UnipolSai Assicurazioni SpA                               | CUSIP: N/A<br>LEI: 815600E31C4E7006AB54       | Long             | EC               | CORP              | IT        |    122700 | NS      | $308518.74    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| People's Insurance Co Group of            | People's Insurance Co Group of China Ltd/The              | CUSIP: N/A<br>LEI: 3003000P2JHYHQ524P66       | Long             | EC               | CORP              | CN        |   5877000 | NS      | $1972678.24   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Tele2 AB                                  | Tele2 AB                                                  | CUSIP: N/A<br>LEI: 213800EKD193RVI9HL76       | Long             | EC               | CORP              | SE        |    154613 | NS      | $1345784.68   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Plus500 Ltd                               | Plus500 Ltd                                               | CUSIP: N/A<br>LEI: 549300X8NGW9C5OJZU13       | Long             | EC               | CORP              | IL        |     28631 | NS      | $650224.09    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Koninklijke Ahold Delhaize NV             | Koninklijke Ahold Delhaize NV                             | CUSIP: N/A<br>LEI: 724500C9GNBV20UYRX36       | Long             | EC               | CORP              | NL        |     61070 | NS      | $1749034.24   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of Ireland Group PLC                 | Bank of Ireland Group PLC                                 | CUSIP: G0756R109<br>LEI: 635400C8EK6DRI12LJ39 | Long             | EC               | CORP              | IE        |    307824 | NS      | $2474762.97   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Genting Singapore Ltd                     | Genting Singapore Ltd                                     | CUSIP: N/A<br>LEI: 254900Y2N3AK93K1O866       | Long             | EC               | CORP              | SG        |   2339300 | NS      | $1502287.09   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| BOFA SECURITIES INC REPO.                 | BOFA SECURITIES INC REPO. SLRPD 3.800% 12/01/2022         | CUSIP: 000000000<br>LEI: N/A                  | Long             | RA               | CORP              | US        |   1965053 | PA      | $1965053.00   | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC SECURITIES USA INC REPO.             | CITIGROUP GLOBAL MARKETS INC REPO SLRPA 3.000% 11/01/2022 | CUSIP: 000000000<br>LEI: N/A                  | Long             | RA               | CORP              | US        |   1965053 | PA      | $1965053.00   | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| JP MORGAN SECURITIES LLC REPO             | JP MORGAN SECURITIES LLC REPO SLRPA 3.790% 12/01/2022     | CUSIP: 000000000<br>LEI: N/A                  | Long             | RA               | CORP              | US        |    581825 | PA      | $581825.00    | 0.17%             |  |  |  | No            |                  2 | On Loan: No      |
| MUFG SECURITIES AMERICA INC REPO          | MUFG SECURITIES AMERICA INC REPO SLRPD 3.800% 12/01/2022  | CUSIP: 000000000<br>LEI: N/A                  | Long             | RA               | CORP              | JP        |   1965053 | PA      | $1965053.00   | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| RBC DOMINION SECURITIES INC REPO          | RBC DOMINION SECURITIES INC REPO SLRPD 3.810% 12/01/2022  | CUSIP: 000000000<br>LEI: N/A                  | Long             | RA               | CORP              | CA        |   1965053 | PA      | $1965053.00   | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-30

**Name of Applicant:** ETF Series Solutions

**Signature:** /s/ Kristen Weitzel

**Name of Signer:** ETF Series Solutions

**Title:** Treasurer