# EDGAR Filing Document

**Accession Number:** 0001540305
**File Stem:** 0001145549-23-004505
**Filing Date:** 2023-1
**Character Count:** 50886
**Document Hash:** f0047a967d1ad84cc6680f307c69483e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-23-004505.hdr.sgml**: 20230130

**ACCESSION NUMBER**: 0001145549-23-004505

**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**: 20230228

**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:** 23566976

**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

### U.S. Diversified Real Estate ETF (Series ID: S000061208)

| Class ID   | Class Name                       | Ticker Symbol   |
|:---|:---|:---|
| C000198249 | U.S. Diversified Real Estate ETF | PPTY            |

## Nport-Ex

---

| | | | |
|:---|:---|:---|:---|
| **U.S. Diversified Real Estate ETF** | **U.S. Diversified Real Estate ETF** | **U.S. Diversified Real Estate ETF** | |
| Schedule of Investments | Schedule of Investments |  |  |
| November 30, 2022 (Unaudited) | November 30, 2022 (Unaudited) | November 30, 2022 (Unaudited) |  |
| **Shares** |  | **Security Description** | **Value** |
| **COMMON STOCKS - 99.6%** | **COMMON STOCKS - 99.6%** |  |  |
|  |  | **Health Care Facilities - 0.3%** |  |
| 6417 |  | National HealthCare Corporation | $395544 |
|  |  | **Hotels, Resorts & Cruise Lines - 5.8%** |  |
| 5632 |  | Choice Hotels International, Inc. (a) | 693975 |
| 14459 |  | Hilton Worldwide Holdings, Inc. | 2062143 |
| 9913 |  | Hyatt Hotels Corporation - Class A (b) | 994472 |
| 15475 |  | Marriott International, Inc. - Class A | 2558791 |
| 10181 |  | Wyndham Hotels & Resorts, Inc. | 746471 |
|  |  |  | 7055852 |
|  |  | **Real Estate Operating Companies - 0.3%** |  |
| 21901 |  | DigitalBridge Group, Inc. (a) | 316031 |
|  |  | **Diversified REITs - 7.2%** |  |
| 11571 |  | Alexander & Baldwin, Inc. | 228527 |
| 24151 |  | American Assets Trust, Inc. | 707383 |
| 9631 |  | Armada Hoffler Properties, Inc. | 117017 |
| 232480 |  | Broadstone Net Lease, Inc. (a) | 3945185 |
| 38423 |  | Essential Properties Realty Trust, Inc. | 891798 |
| 25354 |  | STORE Capital Corporation | 808793 |
| 26399 |  | WP Carey, Inc. (a) | 2080241 |
|  |  |  | 8778944 |
|  |  | **Health Care REITs - 6.9%** |  |
| 26285 |  | CareTrust REIT, Inc. | 520443 |
| 12321 |  | Community Healthcare Trust, Inc. | 434438 |
| 11095 |  | Global Medical REIT, Inc. | 112060 |
| 26544 |  | Healthcare Realty Trust, Inc. | 544949 |
| 47667 |  | Healthpeak Properties, Inc. | 1251735 |
| 12907 |  | LTC Properties, Inc. | 507116 |
| 9275 |  | National Health Investors, Inc. (a) | 521812 |
| 4172 |  | Omega Healthcare Investors, Inc. (a) | 126328 |
| 38950 |  | Physicians Realty Trust (a) | 581524 |
| 8630 |  | Sabra Health Care REIT, Inc. | 111413 |
| 32337 |  | Ventas, Inc. | 1504641 |
| 29980 |  | Welltower, Inc. | 2129479 |
|  |  |  | 8345938 |
|  |  | **Hotel & Resort REITs - 2.8%** |  |
| 36717 |  | Apple Hospitality REIT, Inc. | 626392 |
| 46164 |  | DiamondRock Hospitality Company | 434403 |
| 57361 |  | Host Hotels & Resorts, Inc. (a) | 1086418 |
| 7113 |  | Ryman Hospitality Properties, Inc. (a) | 651053 |
| 47761 |  | Sunstone Hotel Investors, Inc. (a) | 524893 |
| 8104 |  | Xenia Hotels & Resorts, Inc. | 124964 |
|  |  |  | 3448123 |
|  |  | **Industrial REITs - 15.3%** |  |
| 36992 |  | Americold Realty Trust, Inc. | 1104211 |
| 8274 |  | EastGroup Properties, Inc. (a) | 1284456 |
| 15976 |  | First Industrial Realty Trust, Inc. | 807587 |
| 8351 |  | Indus Realty Trust, Inc. | 534464 |
| 8456 |  | Innovative Industrial Properties, Inc. (a) | 1024952 |
| 137385 |  | LXP Industrial Trust (a) | 1478263 |
| 57333 |  | Prologis, Inc. | 6753254 |
| 2090 |  | Rexford Industrial Realty, Inc. | 115556 |
| 64858 |  | STAG Industrial, Inc. (a) | 2134477 |
| 56107 |  | Terreno Realty Corporation | 3290114 |
|  |  |  | 18527334 |
|  |  | **Office REITs - 16.1%** |  |
| 14489 |  | Alexandria Real Estate Equities, Inc. | 2254633 |
| 53906 |  | Boston Properties, Inc. | 3885545 |
| 14223 |  | Brandywine Realty Trust | 98281 |
| 55745 |  | Corporate Office Properties Trust (a) | 1548039 |
| 53106 |  | Cousins Properties, Inc. (a) | 1400936 |
| 47297 |  | Douglas Emmett, Inc. (a) | 819184 |
| 196241 |  | Easterly Government Properties, Inc. (a) | 3108458 |
| 35403 |  | Equity Commonwealth | 959067 |
| 69271 |  | Highwoods Properties, Inc. | 2064276 |
| 8865 |  | Hudson Pacific Properties, Inc. (a) | 102479 |
| 5472 |  | JBG SMITH Properties | 112778 |
| 49649 |  | Kilroy Realty Corporation | 2145830 |
| 61592 |  | Orion Office REIT, Inc. | 572190 |
| 16857 |  | Piedmont Office Realty Trust, Inc. - Class A | 175481 |
| 2685 |  | SL Green Realty Corporation (a) | 112663 |
| 4443 |  | Vornado Realty Trust | 112363 |
|  |  |  | 19472203 |
|  |  | **Residential REITs - 19.6%** |  |
| 71497 |  | American Homes 4 Rent - Class A (a) | 2364406 |
| 35019 |  | Apartment Income REIT Corporation | 1332473 |
| 21837 |  | AvalonBay Communities, Inc. | 3819292 |
| 624 |  | Bluerock Homes Trust, Inc. (b) | 15300 |
| 9620 |  | Camden Property Trust | 1157575 |
| 17001 |  | Centerspace | 1096565 |
| 6023 |  | Elme Communities | 119014 |
| 13476 |  | Equity LifeStyle Properties, Inc. | 895076 |
| 47483 |  | Equity Residential | 3079747 |
| 8216 |  | Essex Property Trust, Inc. | 1810642 |
| 96978 |  | Independence Realty Trust, Inc. | 1757241 |
| 25345 |  | Invitation Homes, Inc. (a) | 827007 |
| 12389 |  | Mid-America Apartment Communities, Inc. (a) | 2042698 |
| 8297 |  | Sun Communities, Inc. | 1218829 |
| 47606 |  | UDR, Inc. (a) | 1974221 |
| 16345 |  | UMH Properties, Inc. (a) | 287835 |
|  |  |  | 23797921 |
|  |  | **Retail REITs - 15.9%** |  |
| 7768 |  | Acadia Realty Trust | 119472 |
| 15132 |  | Agree Realty Corporation (a) | 1058483 |
| 5839 |  | Brixmor Property Group, Inc. | 135348 |
| 22413 |  | Federal Realty Investment Trust (a) | 2490084 |
| 32814 |  | Getty Realty Corporation (a) | 1083518 |
| 10364 |  | InvenTrust Properties Corporation | 266458 |
| 80321 |  | Kimco Realty Corporation (a) | 1840957 |
| 6811 |  | Kite Realty Group Trust | 155291 |
| 2761 |  | National Retail Properties, Inc. | 128000 |
| 36544 |  | NETSTREIT Corporation (a) | 713704 |
| 34652 |  | Phillips Edison & Company, Inc. (a) | 1116834 |
| 1812 |  | Realty Income Corporation (a) | 114283 |
| 30469 |  | Regency Centers Corporation | 2024056 |
| 103144 |  | Retail Opportunity Investments Corporation | 1572946 |
| 12312 |  | RPT Realty | 137894 |
| 2547 |  | Saul Centers, Inc. | 109776 |
| 26532 |  | Simon Property Group, Inc. | 3168982 |
| 51036 |  | SITE Centers Corporation (a) | 693579 |
| 16710 |  | Spirit Realty Capital, Inc. | 692128 |
| 8248 |  | Tanger Factory Outlet Centers, Inc. (a) | 160424 |
| 8201 |  | Urban Edge Properties | 129002 |
| 74387 |  | Urstadt Biddle Properties, Inc. - Class A | 1423023 |
|  |  |  | 19334242 |
|  |  | **Specialized REITs - 9.4%** |  |
| 7664 |  | CubeSmart | 317213 |
| 32196 |  | Digital Realty Trust, Inc. | 3620762 |
| 7905 |  | Equinix, Inc. | 5459589 |
| 3276 |  | Extra Space Storage, Inc. (a) | 526420 |
| 2784 |  | Life Storage, Inc. | 299252 |
| 5247 |  | National Storage Affiliates Trust | 208883 |
| 3296 |  | Public Storage | 982076 |
|  |  |  | 11414195 |
|  |  | TOTAL COMMON STOCKS (Cost $119,999,110) | 120886327 |
| **Principal Amount** |  |  |  |
| **SHORT-TERM INVESTMENTS - 0.3%** | **SHORT-TERM INVESTMENTS - 0.3%** | **SHORT-TERM INVESTMENTS - 0.3%** |  |
| $345425 |  | U.S. Bank Money Market Deposit Account, 2.90% (c) | 345425 |
|  |  | TOTAL SHORT-TERM INVESTMENTS (Cost $345,425) | 345425 |
| **Units** |  |  |  |
| **INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 27.1%** | **INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 27.1%** | **INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 27.1%** |  |
|  |  | **Private Funds - 27.1%** |  |
| 32824477 |  | Mount Vernon Liquid Assets Portfolio, LLC, 4.07% (d)(e) | 32824477 |
|  |  | TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING (Cost 32,824,477) | 32824477 |
|  |  | TOTAL INVESTMENTS - 127.0% (Cost $153,169,012) | 154056229 |
|  |  | Liabilities in Excess of Other Assets - (27.0)% | (32767968) |
|  |  | NET ASSETS - 100.0% | $121288261 |
|  | Percentages are stated as a percentage of net assets. | Percentages are stated as a percentage 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 $32,469,708 or 26.8% of net assets. |  |
|  | (b) <br>| Non-income producing security. |  |
|  | (c) <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. |  |
|  | (d) <br>| Annualized seven-day yield as of November 30, 2022. |  |
|  | (e) <br>| Privately offered liquidity fund. |  |
|  | REIT - <br>| Real Estate Investment Trust |  |
|  | The Global Industry Classification Standard (GICS<sup>®</sup>) was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") and Standard & Poor's Financial Services LLC ("S&P"). GICS<sup>®</sup> is a service mark of MSCI and S&P and has been licensed for use by the Fund's Administrator, U.S. Bancorp Fund Services, LLC. | The Global Industry Classification Standard (GICS<sup>®</sup>) was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") and Standard & Poor's Financial Services LLC ("S&P"). GICS<sup>®</sup> is a service mark of MSCI and S&P and has been licensed for use by the Fund's Administrator, U.S. Bancorp Fund Services, LLC. |  |

---

------

**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>

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | <u>Level 1</u> | <u>Level 2</u> | <u>Level 3</u> | <u>Total</u> |
| Common Stocks | $120886327 | $- | $- | $120886327 |
| Short-Term Investments | 345425 | - | - | 345425 |
| Investments Purchased with Proceeds from Securities Lending | - | 32824477 | - | 32824477 |
| Total Investments in Securities | $121231752 | $32824477 | $- | $154056229 |
| ^See Schedule of Investments for breakout of investments by sector classification. | ^See Schedule of Investments for breakout of investments by sector classification. |  |  |  |
| 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:** U.S. Diversified Real Estate ETF

- **b. EDGAR series identifier (if any):** S000061208

- **c. LEI of Series:** 549300RLPYZATE397T12

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

- **a. Date of fiscal year-end:** 2023-02-28

- **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:** $154163438.77

**Total Liabilities:** $32875534.09

**Net Assets:** $121287904.68

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000198249 | -11.10%              | 5.20%                | 5.02%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $328645.63               | $-14831344.58                              |
| Month 2  | $-429455.00              | $6195850.55                                |
| Month 3  | $266638.21               | $5317630.55                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Acadia Realty Trust                       | Acadia Realty Trust                       | CUSIP: 004239109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7768 | NS      | $119471.84    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Agree Realty Corp                         | Agree Realty Corp                         | CUSIP: 008492100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     15132 | NS      | $1058483.40   | 0.87%             |  |  |  | No            |                  1 | On Loan: —       |
| Alexander & Baldwin Inc                   | Alexander & Baldwin Inc                   | CUSIP: 014491104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11571 | NS      | $228527.25    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Alexandria Real Estate Equitie            | Alexandria Real Estate Equities Inc       | CUSIP: 015271109<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | EC               | CORP              | US        |     14489 | NS      | $2254633.29   | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| American Assets Trust Inc                 | American Assets Trust Inc                 | CUSIP: 024013104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     24151 | NS      | $707382.79    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| American Homes 4 Rent                     | American Homes 4 Rent                     | CUSIP: 02665T306<br>LEI: 549300ZJUO7A58PNUW40 | Long             | EC               | CORP              | US        |     71497 | NS      | $2364405.79   | 1.95%             |  |  |  | No            |                  1 | On Loan: —       |
| Americold Realty Trust Inc                | Americold Realty Trust Inc                | CUSIP: 03064D108<br>LEI: 549300R7N1V5YV8MWH02 | Long             | EC               | CORP              | US        |     36992 | NS      | $1104211.20   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Apartment Income REIT Corp                | Apartment Income REIT Corp                | CUSIP: 03750L109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     35019 | NS      | $1332472.95   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Hospitality REIT Inc                | Apple Hospitality REIT Inc                | CUSIP: 03784Y200<br>LEI: 549300EVZAR0FBZO4F16 | Long             | EC               | CORP              | US        |     36717 | NS      | $626392.02    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Armada Hoffler Properties Inc             | Armada Hoffler Properties Inc             | CUSIP: 04208T108<br>LEI: 549300WQRSIV6XZT9313 | Long             | EC               | CORP              | US        |      9631 | NS      | $117016.65    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| AvalonBay Communities Inc                 | AvalonBay Communities Inc                 | CUSIP: 053484101<br>LEI: K9G90K85RBWD2LAGQX17 | Long             | EC               | CORP              | US        |     21837 | NS      | $3819291.30   | 3.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Bluerock Homes Trust Inc                  | Bluerock Homes Trust Inc                  | CUSIP: 09631H100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       624 | NS      | $15300.48     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Boston Properties Inc                     | Boston Properties Inc                     | CUSIP: 101121101<br>LEI: 549300OF70FSEUQBT254 | Long             | EC               | CORP              | US        |     53906 | NS      | $3885544.48   | 3.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Brandywine Realty Trust                   | Brandywine Realty Trust                   | CUSIP: 105368203<br>LEI: 5UZ46ZCYUFYYAC0DS831 | Long             | EC               | CORP              | US        |     14223 | NS      | $98280.93     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Brixmor Property Group Inc                | Brixmor Property Group Inc                | CUSIP: 11120U105<br>LEI: 5299007UXW6Y0W2EGZ95 | Long             | EC               | CORP              | US        |      5839 | NS      | $135348.02    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadstone Net Lease Inc                  | Broadstone Net Lease Inc                  | CUSIP: 11135E203<br>LEI: 549300U8D7PT70B49V21 | Long             | EC               | CORP              | US        |    232480 | NS      | $3945185.60   | 3.25%             |  |  |  | No            |                  1 | On Loan: —       |
| Camden Property Trust                     | Camden Property Trust                     | CUSIP: 133131102<br>LEI: 5493002MYX22OHYJBD89 | Long             | EC               | CORP              | US        |      9620 | NS      | $1157574.60   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| CareTrust REIT Inc                        | CareTrust REIT Inc                        | CUSIP: 14174T107<br>LEI: 5493001NVXE2B9GPLU96 | Long             | EC               | CORP              | US        |     26285 | NS      | $520443.00    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Centerspace                               | Centerspace                               | CUSIP: 15202L107<br>LEI: 5493002LG2SH9EEHT720 | Long             | EC               | CORP              | US        |     17001 | NS      | $1096564.50   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Choice Hotels International In            | Choice Hotels International Inc           | CUSIP: 169905106<br>LEI: 5493003CYRY5RFGTIR97 | Long             | EC               | CORP              | US        |      5632 | NS      | $693975.04    | 0.57%             |  |  |  | No            |                  1 | On Loan: —       |
| Community Healthcare Trust Inc            | Community Healthcare Trust Inc            | CUSIP: 20369C106<br>LEI: 549300FATSRCMKOV9536 | Long             | EC               | CORP              | US        |     12321 | NS      | $434438.46    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Corporate Office Properties Tr            | Corporate Office Properties Trust         | CUSIP: 22002T108<br>LEI: YY1J47X6LF9TYY8JY420 | Long             | EC               | CORP              | US        |     55745 | NS      | $1548038.65   | 1.28%             |  |  |  | No            |                  1 | On Loan: —       |
| Cousins Properties Inc                    | Cousins Properties Inc                    | CUSIP: 222795502<br>LEI: 5493007XPYD5EJABN062 | Long             | EC               | CORP              | US        |     53106 | NS      | $1400936.28   | 1.16%             |  |  |  | No            |                  1 | On Loan: —       |
| CubeSmart                                 | CubeSmart                                 | CUSIP: 229663109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7664 | NS      | $317212.96    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| DiamondRock Hospitality Co                | DiamondRock Hospitality Co                | CUSIP: 252784301<br>LEI: 529900KKD4BPVBUAQ734 | Long             | EC               | CORP              | US        |     46164 | NS      | $434403.24    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Digital Realty Trust Inc                  | Digital Realty Trust Inc                  | CUSIP: 253868103<br>LEI: 549300HKCZ31D08NEI41 | Long             | EC               | CORP              | US        |     32196 | NS      | $3620762.16   | 2.99%             |  |  |  | No            |                  1 | On Loan: No      |
| DigitalBridge Group Inc                   | DigitalBridge Group Inc                   | CUSIP: 25401T603<br>LEI: 549300XG87L902AGBO89 | Long             | EC               | CORP              | US        |     21901 | NS      | $316031.43    | 0.26%             |  |  |  | No            |                  1 | On Loan: —       |
| Douglas Emmett Inc                        | Douglas Emmett Inc                        | CUSIP: 25960P109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     47297 | NS      | $819184.04    | 0.68%             |  |  |  | No            |                  1 | On Loan: —       |
| National Retail Properties Inc            | National Retail Properties Inc            | CUSIP: 637417106<br>LEI: 5493008JKH5SOTI0JS97 | Long             | EC               | CORP              | US        |      2761 | NS      | $127999.96    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| National Storage Affiliates Tr            | National Storage Affiliates Trust         | CUSIP: 637870106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5247 | NS      | $208883.07    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| NETSTREIT Corp                            | NETSTREIT Corp                            | CUSIP: 64119V303<br>LEI: 254900CJL0EDMEQ25Q84 | Long             | EC               | CORP              | US        |     36544 | NS      | $713704.32    | 0.59%             |  |  |  | No            |                  1 | On Loan: —       |
| Omega Healthcare Investors Inc            | Omega Healthcare Investors Inc            | CUSIP: 681936100<br>LEI: 549300OJ7ENK42CZ8E73 | Long             | EC               | CORP              | US        |      4172 | NS      | $126328.16    | 0.10%             |  |  |  | No            |                  1 | On Loan: —       |
| Orion Office REIT Inc                     | Orion Office REIT Inc                     | CUSIP: 68629Y103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     61592 | NS      | $572189.68    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Phillips Edison & Co Inc                  | Phillips Edison & Co Inc                  | CUSIP: 71844V201<br>LEI: 549300JPN4YHYPXTJQ85 | Long             | EC               | CORP              | US        |     34652 | NS      | $1116833.96   | 0.92%             |  |  |  | No            |                  1 | On Loan: —       |
| Physicians Realty Trust                   | Physicians Realty Trust                   | CUSIP: 71943U104<br>LEI: 549300ITOVH0OY7PZC34 | Long             | EC               | CORP              | US        |     38950 | NS      | $581523.50    | 0.48%             |  |  |  | No            |                  1 | On Loan: —       |
| Piedmont Office Realty Trust I            | Piedmont Office Realty Trust Inc          | CUSIP: 720190206<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16857 | NS      | $175481.37    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Prologis Inc                              | Prologis Inc                              | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               | CORP              | US        |     57333 | NS      | $6753254.07   | 5.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Public Storage                            | Public Storage                            | CUSIP: 74460D109<br>LEI: 549300LMZF40TKJ6DM64 | Long             | EC               | CORP              | US        |      3296 | NS      | $982076.16    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| RPT Realty                                | RPT Realty                                | CUSIP: 74971D101<br>LEI: 549300T03GDH1L37S188 | Long             | EC               | CORP              | US        |     12312 | NS      | $137894.40    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Realty Income Corp                        | Realty Income Corp                        | CUSIP: 756109104<br>LEI: 549300CUWDAUZSH43859 | Long             | EC               | CORP              | US        |      1812 | NS      | $114282.84    | 0.09%             |  |  |  | No            |                  1 | On Loan: —       |
| Regency Centers Corp                      | Regency Centers Corp                      | CUSIP: 758849103<br>LEI: 529900053A7X7FJ97S58 | Long             | EC               | CORP              | US        |     30469 | NS      | $2024055.67   | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Retail Opportunity Investments            | Retail Opportunity Investments Corp       | CUSIP: 76131N101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    103144 | NS      | $1572946.00   | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Rexford Industrial Realty Inc             | Rexford Industrial Realty Inc             | CUSIP: 76169C100<br>LEI: 549300MSLO0DF0EMX355 | Long             | EC               | CORP              | US        |      2090 | NS      | $115556.10    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryman Hospitality Properties I            | Ryman Hospitality Properties Inc          | CUSIP: 78377T107<br>LEI: 529900GCCWW9SRMPJR11 | Long             | EC               | CORP              | US        |      7113 | NS      | $651052.89    | 0.54%             |  |  |  | No            |                  1 | On Loan: —       |
| SL Green Realty Corp                      | SL Green Realty Corp                      | CUSIP: 78440X887<br>LEI: 549300VQZPJU97H3GT17 | Long             | EC               | CORP              | US        |      2685 | NS      | $112662.60    | 0.09%             |  |  |  | No            |                  1 | On Loan: —       |
| Sabra Health Care REIT Inc                | Sabra Health Care REIT Inc                | CUSIP: 78573L106<br>LEI: 549300E3BC7GU7TAZ621 | Long             | EC               | CORP              | US        |      8630 | NS      | $111413.30    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Saul Centers Inc                          | Saul Centers Inc                          | CUSIP: 804395101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2547 | NS      | $109775.70    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Simon Property Group Inc                  | Simon Property Group Inc                  | CUSIP: 828806109<br>LEI: 529900GQL5X8H7AO3T64 | Long             | EC               | CORP              | US        |     26532 | NS      | $3168982.08   | 2.61%             |  |  |  | No            |                  1 | On Loan: No      |
| SITE Centers Corp                         | SITE Centers Corp                         | CUSIP: 82981J109<br>LEI: W2AVA6SODOQ1LCYJQR54 | Long             | EC               | CORP              | US        |     51036 | NS      | $693579.24    | 0.57%             |  |  |  | No            |                  1 | On Loan: —       |
| Spirit Realty Capital Inc                 | Spirit Realty Capital Inc                 | CUSIP: 84860W300<br>LEI: 549300LTU6LVPZSHMJ25 | Long             | EC               | CORP              | US        |     16710 | NS      | $692128.20    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| STAG Industrial Inc                       | STAG Industrial Inc                       | CUSIP: 85254J102<br>LEI: 549300QWYX2W6FASVQ07 | Long             | EC               | CORP              | US        |     64858 | NS      | $2134476.78   | 1.76%             |  |  |  | No            |                  1 | On Loan: —       |
| Easterly Government Properties            | Easterly Government Properties Inc        | CUSIP: 27616P103<br>LEI: 549300ERMCEFC6S8HL77 | Long             | EC               | CORP              | US        |    196241 | NS      | $3108457.44   | 2.56%             |  |  |  | No            |                  1 | On Loan: —       |
| EastGroup Properties Inc                  | EastGroup Properties Inc                  | CUSIP: 277276101<br>LEI: 31TIGQQZC4P6JMHKSW85 | Long             | EC               | CORP              | US        |      8274 | NS      | $1284455.76   | 1.06%             |  |  |  | No            |                  1 | On Loan: —       |
| Equinix Inc                               | Equinix Inc                               | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               | CORP              | US        |      7905 | NS      | $5459588.25   | 4.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Equity Commonwealth                       | Equity Commonwealth                       | CUSIP: 294628102<br>LEI: 549300YPGVU9PR4L0606 | Long             | EC               | CORP              | US        |     35403 | NS      | $959067.27    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Equity LifeStyle Properties In            | Equity LifeStyle Properties Inc           | CUSIP: 29472R108<br>LEI: 529900PEQG66LENB6798 | Long             | EC               | CORP              | US        |     13476 | NS      | $895075.92    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Equity Residential                        | Equity Residential                        | CUSIP: 29476L107<br>LEI: 5493008RACSH5EP3PI59 | Long             | EC               | CORP              | US        |     47483 | NS      | $3079747.38   | 2.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Essential Properties Realty Tr            | Essential Properties Realty Trust Inc     | CUSIP: 29670E107<br>LEI: 2549009LXQLVYCGLZO50 | Long             | EC               | CORP              | US        |     38423 | NS      | $891797.83    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Essex Property Trust Inc                  | Essex Property Trust Inc                  | CUSIP: 297178105<br>LEI: 549300TR2H2VEFX0NC60 | Long             | EC               | CORP              | US        |      8216 | NS      | $1810642.08   | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Extra Space Storage Inc                   | Extra Space Storage Inc                   | CUSIP: 30225T102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3276 | NS      | $526420.44    | 0.43%             |  |  |  | No            |                  1 | On Loan: —       |
| Federal Realty Investment Trus            | Federal Realty Investment Trust           | CUSIP: 313745101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     22413 | NS      | $2490084.30   | 2.05%             |  |  |  | No            |                  1 | On Loan: —       |
| First Industrial Realty Trust             | First Industrial Realty Trust Inc         | CUSIP: 32054K103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     15976 | NS      | $807586.80    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Getty Realty Corp                         | Getty Realty Corp                         | CUSIP: 374297109<br>LEI: 2549000P1W5SFJWCNP90 | Long             | EC               | CORP              | US        |     32814 | NS      | $1083518.28   | 0.89%             |  |  |  | No            |                  1 | On Loan: —       |
| Global Medical REIT Inc                   | Global Medical REIT Inc                   | CUSIP: 37954A204<br>LEI: 549300HFRIPQDYU3GU60 | Long             | EC               | CORP              | US        |     11095 | NS      | $112059.50    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Healthcare Realty Trust Inc               | Healthcare Realty Trust Inc               | CUSIP: 42226K105<br>LEI: 549300L0I14L7I0VLX84 | Long             | EC               | CORP              | US        |     26544 | NS      | $544948.32    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Healthpeak Properties Inc                 | Healthpeak Properties Inc                 | CUSIP: 42250P103<br>LEI: PZ9HF5U52KPF0MH0QN75 | Long             | EC               | CORP              | US        |     47667 | NS      | $1251735.42   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Highwoods Properties Inc                  | Highwoods Properties Inc                  | CUSIP: 431284108<br>LEI: ZIIGTYKL9T0X3HLTDX53 | Long             | EC               | CORP              | US        |     69271 | NS      | $2064275.80   | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Hilton Worldwide Holdings Inc             | Hilton Worldwide Holdings Inc             | CUSIP: 43300A203<br>LEI: 549300HVGPK36ICB0B89 | Long             | EC               | CORP              | US        |     14459 | NS      | $2062142.58   | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Host Hotels & Resorts Inc                 | Host Hotels & Resorts Inc                 | CUSIP: 44107P104<br>LEI: N6EL63S0K3PB1YFTDI24 | Long             | EC               | CORP              | US        |     57361 | NS      | $1086417.34   | 0.90%             |  |  |  | No            |                  1 | On Loan: —       |
| Hudson Pacific Properties Inc             | Hudson Pacific Properties Inc             | CUSIP: 444097109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8865 | NS      | $102479.40    | 0.08%             |  |  |  | No            |                  1 | On Loan: —       |
| Hyatt Hotels Corp                         | Hyatt Hotels Corp                         | CUSIP: 448579102<br>LEI: T27JQIMTYSH41TCD5186 | Long             | EC               | CORP              | US        |      9913 | NS      | $994472.16    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Independence Realty Trust Inc             | Independence Realty Trust Inc             | CUSIP: 45378A106<br>LEI: 549300Z3L8NU44NQEB29 | Long             | EC               | CORP              | US        |     96978 | NS      | $1757241.36   | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Indus Realty Trust Inc                    | Indus Realty Trust Inc                    | CUSIP: 45580R103<br>LEI: 549300FS2G2L16L2GO91 | Long             | EC               | CORP              | US        |      8351 | NS      | $534464.00    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Innovative Industrial Properti            | Innovative Industrial Properties Inc      | CUSIP: 45781V101<br>LEI: 5493008BQ0545EZXRR30 | Long             | EC               | CORP              | US        |      8456 | NS      | $1024951.76   | 0.85%             |  |  |  | No            |                  1 | On Loan: —       |
| InvenTrust Properties Corp                | InvenTrust Properties Corp                | CUSIP: 46124J201<br>LEI: 5493006BQYSOBYVUFA03 | Long             | EC               | CORP              | US        |     10364 | NS      | $266458.44    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Invitation Homes Inc                      | Invitation Homes Inc                      | CUSIP: 46187W107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     25345 | NS      | $827007.35    | 0.68%             |  |  |  | No            |                  1 | On Loan: —       |
| JBG SMITH Properties                      | JBG SMITH Properties                      | CUSIP: 46590V100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5472 | NS      | $112777.92    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Kilroy Realty Corp                        | Kilroy Realty Corp                        | CUSIP: 49427F108<br>LEI: 549300CXXI18B214UN80 | Long             | EC               | CORP              | US        |     49649 | NS      | $2145829.78   | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Kimco Realty Corp                         | Kimco Realty Corp                         | CUSIP: 49446R109<br>LEI: 549300EA7I6T15IBYS12 | Long             | EC               | CORP              | US        |     80321 | NS      | $1840957.32   | 1.52%             |  |  |  | No            |                  1 | On Loan: —       |
| Kite Realty Group Trust                   | Kite Realty Group Trust                   | CUSIP: 49803T300<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6811 | NS      | $155290.80    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| LTC Properties Inc                        | LTC Properties Inc                        | CUSIP: 502175102<br>LEI: 549300NRZP8IJG2KY677 | Long             | EC               | CORP              | US        |     12907 | NS      | $507116.03    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| LXP Industrial Trust                      | LXP Industrial Trust                      | CUSIP: 529043101<br>LEI: 549300S4MH2ICXDBFV43 | Long             | EC               | CORP              | US        |    137385 | NS      | $1478262.60   | 1.22%             |  |  |  | No            |                  1 | On Loan: —       |
| Life Storage Inc                          | Life Storage Inc                          | CUSIP: 53223X107<br>LEI: W9EE01AFDDF9DQCQZC68 | Long             | EC               | CORP              | US        |      2784 | NS      | $299252.16    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Marriott International Inc/MD             | Marriott International Inc/MD             | CUSIP: 571903202<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | EC               | CORP              | US        |     15475 | NS      | $2558791.25   | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Mid-America Apartment Communit            | Mid-America Apartment Communities Inc     | CUSIP: 59522J103<br>LEI: 549300FQZKFR5YNSHZ21 | Long             | EC               | CORP              | US        |     12389 | NS      | $2042698.32   | 1.68%             |  |  |  | No            |                  1 | On Loan: —       |
| National HealthCare Corp                  | National HealthCare Corp                  | CUSIP: 635906100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6417 | NS      | $395543.88    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| National Health Investors Inc             | National Health Investors Inc             | CUSIP: 63633D104<br>LEI: 549300ZPKZIG6DKDEC02 | Long             | EC               | CORP              | US        |      9275 | NS      | $521811.50    | 0.43%             |  |  |  | No            |                  1 | On Loan: —       |
| STORE Capital Corp                        | STORE Capital Corp                        | CUSIP: 862121100<br>LEI: 5493004EA6C9IHDZ7N66 | Long             | EC               | CORP              | US        |     25354 | NS      | $808792.60    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Sun Communities Inc                       | Sun Communities Inc                       | CUSIP: 866674104<br>LEI: 549300H5GEOJYN41ZG57 | Long             | EC               | CORP              | US        |      8297 | NS      | $1218829.30   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Sunstone Hotel Investors Inc              | Sunstone Hotel Investors Inc              | CUSIP: 867892101<br>LEI: 529900ZQ2V52V96ATF67 | Long             | EC               | CORP              | US        |     47761 | NS      | $524893.39    | 0.43%             |  |  |  | No            |                  1 | On Loan: —       |
| Tanger Factory Outlet Centers             | Tanger Factory Outlet Centers Inc         | CUSIP: 875465106<br>LEI: UKEW8YSXE4Y581KYOL30 | Long             | EC               | CORP              | US        |      8248 | NS      | $160423.60    | 0.13%             |  |  |  | No            |                  1 | On Loan: —       |
| Terreno Realty Corp                       | Terreno Realty Corp                       | CUSIP: 88146M101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     56107 | NS      | $3290114.48   | 2.71%             |  |  |  | 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        |    345425 | NS      | $345424.81    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| UDR Inc                                   | UDR Inc                                   | CUSIP: 902653104<br>LEI: P3CH2EG5X6Z1XWU1OO74 | Long             | EC               | CORP              | US        |     47606 | NS      | $1974220.82   | 1.63%             |  |  |  | No            |                  1 | On Loan: —       |
| UMH Properties Inc                        | UMH Properties Inc                        | CUSIP: 903002103<br>LEI: 529900OM5K3PJ11F0Q09 | Long             | EC               | CORP              | US        |     16345 | NS      | $287835.45    | 0.24%             |  |  |  | No            |                  1 | On Loan: —       |
| Urban Edge Properties                     | Urban Edge Properties                     | CUSIP: 91704F104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8201 | NS      | $129001.73    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Urstadt Biddle Properties Inc             | Urstadt Biddle Properties Inc             | CUSIP: 917286205<br>LEI: 549300XXD0YL0AER3Z82 | Long             | EC               | CORP              | US        |     74387 | NS      | $1423023.31   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Ventas Inc                                | Ventas Inc                                | CUSIP: 92276F100<br>LEI: ORQTRC074CWLT3DKHT41 | Long             | EC               | CORP              | US        |     32337 | NS      | $1504640.61   | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Vornado Realty Trust                      | Vornado Realty Trust                      | CUSIP: 929042109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4443 | NS      | $112363.47    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| WP Carey Inc                              | WP Carey Inc                              | CUSIP: 92936U109<br>LEI: 54930042CRNE713E3Q67 | Long             | EC               | CORP              | US        |     26399 | NS      | $2080241.20   | 1.72%             |  |  |  | No            |                  1 | On Loan: —       |
| Elme Communities                          | Elme Communities                          | CUSIP: 939653101<br>LEI: 549300DI34BGS8LVKW95 | Long             | EC               | CORP              | US        |      6023 | NS      | $119014.48    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Welltower Inc                             | Welltower Inc                             | CUSIP: 95040Q104<br>LEI: T6IZ0MBEG5ACZDTR7D06 | Long             | EC               | CORP              | US        |     29980 | NS      | $2129479.40   | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Wyndham Hotels & Resorts Inc              | Wyndham Hotels & Resorts Inc              | CUSIP: 98311A105<br>LEI: 549300FE3MQ4RVXXC673 | Long             | EC               | CORP              | US        |     10181 | NS      | $746470.92    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Xenia Hotels & Resorts Inc                | Xenia Hotels & Resorts Inc                | CUSIP: 984017103<br>LEI: 54930075IWIPHF5IQL62 | Long             | EC               | CORP              | US        |      8104 | NS      | $124963.68    | 0.10%             |  |  |  | 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        |  32824477 | NS      | $32824477.00  | 27.06%            |  |  |  | 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