# EDGAR Filing Document

**Accession Number:** 0001540305
**File Stem:** 0000894189-26-009878
**Filing Date:** 2026-3
**Character Count:** 34676
**Document Hash:** 1aa4a3814aa518d880e3121f8640da69
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-26-009878.hdr.sgml**: 20260331

**ACCESSION NUMBER**: 0000894189-26-009878

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260131

**FILED AS OF DATE**: 20260331

**DATE AS OF CHANGE**: 20260330

**PERIOD START**: 20261031

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22668
- **FILM NUMBER:** 26815152

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

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

## Series and Classes Contracts Data

### AAM Crescent CLO ETF (Series ID: S000095835)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000264617 | AAM Crescent CLO ETF | CLOC            |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **AAM Crescent CLO ETF** | **AAM Crescent CLO ETF** | **AAM Crescent CLO ETF** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **January 31, 2026 (Unaudited)** | **January 31, 2026 (Unaudited)** | **January 31, 2026 (Unaudited)** |
| **COLLATERALIZED LOAN OBLIGATIONS - 98.9%** | **Par** | **Value**  |
| ABPCI Direct Lending Fund CLO LLC | ABPCI Direct Lending Fund CLO LLC | ABPCI Direct Lending Fund CLO LLC |
| &nbsp;&nbsp; Series 2024-17A, Class A2, 5.85% (3 mo. Term SOFR + 2.00%), 08/01/2036 <sup>(a)</sup> | 1000000 | $1001286 |
| &nbsp;&nbsp; Series 2024-17A, Class D, 8.55% (3 mo. Term SOFR + 4.70%), 08/01/2036 <sup>(a)</sup> | 1250000 | 1258453 |
|  AGL CLO Ltd., Series 2024-29A, Class D, 7.42% (3 mo. Term SOFR + 3.75%), 04/21/2037 <sup>(a)</sup> | 1500000 | 1512246 |
|  Aimco CDO, Series 2021-14A, Class D1R, 6.27% (3 mo. Term SOFR + 2.60%), 10/20/2038 <sup>(a)</sup> | 1000000 | 1003189 |
| Antares CLO Ltd. | Antares CLO Ltd. | Antares CLO Ltd. |
| &nbsp;&nbsp; Series 2024-6A, Class A2, 5.42% (3 mo. Term SOFR + 1.75%), 01/20/2037 <sup>(a)</sup> | 1500000 | 1500942 |
| &nbsp;&nbsp; Series 2024-6A, Class D, 7.47% (3 mo. Term SOFR + 3.80%), 01/20/2037 <sup>(a)</sup> | 750000 | 755599 |
|  ARES CLO, Series 2022-65A, Class DR, 6.62% (3 mo. Term SOFR + 2.95%), 07/25/2034 <sup>(a)</sup> | 1250000 | 1257677 |
|  ArrowMark Colorado Holdings, Series 2020-11A, Class BR, 5.67% (3 mo. Term SOFR + 2.00%), 10/15/2037 <sup>(a)</sup> | 650000 | 652358 |
|  Bain Capital Credit CLO, Series 2024-4A, Class D1, 6.77% (3 mo. Term SOFR + 3.10%), 10/23/2037 <sup>(a)</sup> | 1000000 | 1008030 |
|  Ballyrock CLO Ltd., Series 2024-28A, Class C1, 6.47% (3 mo. Term SOFR + 2.80%), 01/20/2038 <sup>(a)</sup> | 1580000 | 1589482 |
| Barings Private Credit Corp. CLO Ltd. | Barings Private Credit Corp. CLO Ltd. | Barings Private Credit Corp. CLO Ltd. |
| &nbsp;&nbsp; Series 2023-1A, Class A1AR, 5.30% (3 mo. Term SOFR + 1.63%), 10/15/2036 <sup>(a)</sup> | 1500000 | 1505015 |
| &nbsp;&nbsp; Series 2023-1A, Class A1BR, 5.57% (3 mo. Term SOFR + 1.90%), 10/15/2036 <sup>(a)</sup> | 315000 | 315315 |
|  Benefit Street Partners CLO Ltd., Series 2025-39A, Class D2, 7.32% (3 mo. Term SOFR + 3.65%), 04/15/2038 <sup>(a)</sup> | 1046000 | 1047284 |
|  Blueberry Park CLO Ltd., Series 2024-1A, Class D1, 6.57% (3 mo. Term SOFR + 2.90%), 10/20/2037 <sup>(a)</sup> | 800000 | 809927 |
|  Bridge Street CLO Ltd., Series 2025-1A, Class D1A, 6.52% (3 mo. Term SOFR + 2.85%), 04/20/2038 <sup>(a)</sup> | 1000000 | 1005800 |
|  BXDL Static CLO LLC, Series 2025-1A, Class C, 5.87% (3 mo. Term SOFR + 2.20%), 07/20/2035 <sup>(a)</sup> | 1000000 | 1002668 |
|  Cedar Funding Ltd., Series 2024-19A, Class D1, 6.67% (3 mo. Term SOFR + 3.00%), 01/23/2038 <sup>(a)</sup> | 500000 | 503686 |
| Cerberus Loan Funding LP | Cerberus Loan Funding LP | Cerberus Loan Funding LP |
| &nbsp;&nbsp; Series 2024-1A, Class A, 5.57% (3 mo. Term SOFR + 1.90%), 04/15/2036 <sup>(a)</sup> | 1750000 | 1753462 |
| &nbsp;&nbsp; Series 2025-1A, Class C, 6.27% (3 mo. Term SOFR + 2.60%), 07/15/2037 <sup>(a)</sup> | 1500000 | 1514871 |
|  CIFC Funding Ltd., Series 2023-3A, Class D, 7.92% (3 mo. Term SOFR + 4.25%), 01/20/2037 <sup>(a)</sup> | 250000 | 250000 |
|  CTM CLO Ltd., Series 2025-1A, Class A1, 5.17% (3 mo. Term SOFR + 1.50%), 07/15/2038 <sup>(a)</sup> | 1500000 | 1506750 |
|  DIAMETER CAPITAL CLO, Series 2024-7A, Class C, 6.87% (3 mo. Term SOFR + 3.20%), 07/20/2037 <sup>(a)</sup> | 1000000 | 1009965 |
|  Elmwood CLO Ltd., Series 2021-5A, Class D2R, 8.02% (3 mo. Term SOFR + 4.35%), 10/15/2037 <sup>(a)</sup> | 1400000 | 1405194 |
|  Fortress Credit BSL Ltd., Series 2023-2A, Class C1R, 6.07% (3 mo. Term SOFR + 2.40%), 07/24/2036 <sup>(a)</sup> | 1000000 | 1005455 |
|  Fortress Credit Opportunities, Series 2025-29A, Class C, 5.92% (3 mo. Term SOFR + 2.25%), 04/20/2033 <sup>(a)</sup> | 1000000 | 1009003 |
|  Gallatin CLO Ltd., Series 2024-1A, Class B, 5.62% (3 mo. Term SOFR + 1.95%), 10/20/2037 <sup>(a)</sup> | 725000 | 728026 |
|  Golub Capital Partners CLO Ltd., Series 2021-59A, Class A2R, 5.27% (3 mo. Term SOFR + 1.60%), 04/20/2037 <sup>(a)</sup> | 1500000 | 1500331 |
|  Golub Capital Partners Private Credit Fund CLO, Series 2023-1A, Class A2R, 5.32% (3 mo. Term SOFR + 1.65%), 10/26/2037 <sup>(a)</sup> | 500000 | 499921 |
|  Invesco CLO Ltd., Series 2024-1RA, Class BR, 5.77% (3 mo. Term SOFR + 2.10%), 04/15/2037 <sup>(a)</sup> | 1125000 | 1128991 |
|  JCP Direct Lending CLO LLC, Series 2024-1A, Class D, 8.17% (3 mo. Term SOFR + 4.50%), 07/25/2036 <sup>(a)</sup> | 1000000 | 1005988 |
| Madison Park Funding Ltd. | Madison Park Funding Ltd. | Madison Park Funding Ltd. |
| &nbsp;&nbsp; Series 2024-58A, Class D, 7.32% (3 mo. Term SOFR + 3.65%), 04/25/2037 <sup>(a)</sup> | 250000 | 251246 |
| &nbsp;&nbsp; Series 2024-69A, Class D2, 8.42% (3 mo. Term SOFR + 4.75%), 07/25/2037 <sup>(a)</sup> | 1000000 | 1009642 |
| &nbsp;&nbsp; Series 2025-73A, Class D1, 6.71% (3 mo. Term SOFR + 2.75%), 10/17/2038 <sup>(a)</sup> | 1250000 | 1259015 |
|  Magnetite CLO Ltd., Series 2016-17A, Class AR2, 5.17% (3 mo. Term SOFR + 1.50%), 04/20/2037 <sup>(a)</sup> | 1000000 | 1001969 |
|  Maranon Loan Funding Ltd., Series 2025-1A, Class D2, 8.94% (3 mo. Term SOFR + 5.10%), 10/15/2037 <sup>(a)</sup> | 1000000 | 1012212 |
|  Monroe Capital MML CLO XVI Ltd., Series 2024-1A, Class A, 5.37% (3 mo. Term SOFR + 1.70%), 07/23/2036 <sup>(a)</sup> | 1000000 | 1002009 |
|  Neuberger Berman CLO Ltd., Series 2022-47A, Class DR, 6.47% (3 mo. Term SOFR + 2.80%), 04/16/2035 <sup>(a)</sup> | 1000000 | 1002000 |
|  OCP CLO Ltd., Series 2024-35A, Class D1, 6.77% (3 mo. Term SOFR + 3.10%), 10/25/2037 <sup>(a)</sup> | 1000000 | 1010293 |
|  OHA Credit Funding, Series 2024-19A, Class D1, 6.57% (3 mo. Term SOFR + 2.90%), 07/20/2037 <sup>(a)</sup> | 1500000 | 1510745 |
|  Owl Rock CLO Ltd., Series 2022-7A, Class AR, 5.07% (3 mo. Term SOFR + 1.40%), 04/20/2038 <sup>(a)</sup> | 1000000 | 999829 |
|  OZLM Ltd., Series 2019-24A, Class A2AR, 5.63% (3 mo. Term SOFR + 1.96%), 07/20/2032 <sup>(a)</sup> | 800000 | 802000 |
| Palmer Square CLO Ltd. | Palmer Square CLO Ltd. | Palmer Square CLO Ltd. |
| &nbsp;&nbsp; Series 2021-3A, Class D1R, 6.47% (3 mo. Term SOFR + 2.80%), 10/15/2038 <sup>(a)</sup> | 1500000 | 1508965 |
| &nbsp;&nbsp; Series 2024-2A, Class D1, 6.62% (3 mo. Term SOFR + 2.95%), 07/20/2037 <sup>(a)</sup> | 250000 | 251643 |
|  Regatta Funding Ltd., Series 2025-1A, Class C2, 7.52% (3 mo. Term SOFR + 3.85%), 03/25/2038 <sup>(a)</sup> | 1000000 | 1015876 |
|  Silver Point SCF CLO Ltd., Series 2025-1A, Class A2, 5.37% (3 mo. Term SOFR + 1.70%), 04/20/2038 <sup>(a)</sup> | 1500000 | 1500718 |
|  Texas Debt Capital CLO Ltd., Series 2023-1A, Class D1R, 6.42% (3 mo. Term SOFR + 2.75%), 07/20/2038 <sup>(a)</sup> | 1000000 | 1007548 |
|  TICP CLO Ltd., Series 2017-7A, Class BR2, 5.57% (3 mo. Term SOFR + 1.90%), 04/15/2033 <sup>(a)</sup> | 1250000 | 1251921 |
|  Warwick Capital CLO Ltd., Series 2024-3A, Class A1, 5.32% (3 mo. Term SOFR + 1.65%), 04/20/2037 <sup>(a)</sup> | 1500000 | 1502771 |
|  Wellington Management CLO 3 Ltd., Series 2025-4A, Class D2, 7.42% (3 mo. Term SOFR + 3.75%), 04/18/2038 <sup>(a)</sup> | 1000000 | 999998 |
| **TOTAL COLLATERALIZED LOAN OBLIGATIONS** (Cost $51,931,836) | **TOTAL COLLATERALIZED LOAN OBLIGATIONS** (Cost $51,931,836) | 51947314 |
| **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** |
| **MONEY MARKET FUNDS - 1.2%** | **Shares** | **Value**  |
| First American Government Obligations Fund - Class X, 3.61% <sup>(b)</sup> | 643162 | 643162 |
| **TOTAL MONEY MARKET FUNDS** (Cost $643,162) | **TOTAL MONEY MARKET FUNDS** (Cost $643,162) | 643162 |
| **TOTAL INVESTMENTS - 100.1% (**Cost $52,574,998**)** | **TOTAL INVESTMENTS - 100.1% (**Cost $52,574,998**)** | 52590476 |
| Liabilities in Excess of Other Assets - (0.1)% | Liabilities in Excess of Other Assets - (0.1)% | (71687) |
| **TOTAL NET ASSETS - 100.0%** |  | $52518789 |
| Par amount is in USD unless otherwise indicated. | Par amount is in USD unless otherwise indicated. |  |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. |  |

---

LLC - Limited Liability Company <br> LP - Limited Partnership <br> SOFR - Secured Overnight Financing Rate

(a) Security is exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may only be resold in transactions exempt from registration to qualified institutional
 investors. As of January 31, 2026, the value of these securities total $51,947,314 or 98.9% of the Fund's net assets.

(b) The rate shown represents the 7-day annualized yield as of January 31, 2026.

------

#### Summary of Fair Value Disclosure as of January 31, 2026 (Unaudited)
AAM Crescent CLO ETF (the "Fund") has adopted fair value accounting standards which establish a definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value, a discussion of changes in valuation techniques and related inputs during the period, and expanded disclosure of valuation levels for major security types. These inputs are summarized in the three broad levels listed below. The inputs or valuation methodology used for valuing securities are not an indication of the risk associated with investing in those securities.

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

Level 2 - Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data.

Level 3 - Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Fund's own assumptions about the assumptions a market participant would use in valuing the asset or liability, and based on the best information available.

The following is a summary of the fair valuation hierarchy of the Fund's securities as of January 31, 2026:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Collateralized Loan Obligations | $– | $51947314 | $– | $51947314 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Money Market Funds | 643162 | – | – | 643162 |
| Total Investments | $643162 | $51947314 | $– | $52590476 |
| Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** Milwaukee

  - **State:** WI

  - **Foreign country:** US

  - **Zip / Postal Code:** 53202

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

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

- **a. Name of Series:** AAM Crescent CLO ETF

- **b. EDGAR series identifier (if any):** S000095835

- **c. LEI of Series:** 529900049VWGWJNCTQ69

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

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

- **b. Date as of which information is reported:** 2026-01-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $52799831.15

**Total Liabilities:** $281040.86

**Net Assets:** $52518790.29

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 9683.749712000000 | **1-Year:** 14796.635648000000 | **5-Year:** 1047.297018000000 | **10-Year:** 0.000000000000 | **30-Year:** 0.000000000000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 0.000000000000 | **1-Year:** 0.000000000000 | **5-Year:** 0.000000000000 | **10-Year:** 0.000000000000 | **30-Year:** 0.000000000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000264617 | 0.40%                | 0.47%                | 0.74%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-7761.37                | $-49983.53                                 |
| Month 2  | $380.44                  | $-31384.15                                 |
| Month 3  | $2995.49                 | $117632.59                                 |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                           | Title                                                   | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Ballyrock Ltd                  | Ballyrock CLO 28 Ltd                                    | CUSIP: 05876HAJ1<br>LEI: 2549006FL37LMQQU3H44 | Long             | ABS-CBDO         | CORP              | KY        |   1580000 | PA      | $1589481.74   | 3.03%             | 2038-01-20      | Floating      | 6.47%                 | No            |                  2 | On Loan: No      |
| Barings Private Credit CLO     | Barings Private Credit Corp CLO 2023-1 Ltd              | CUSIP: 067930AN7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | BM        |    315000 | PA      | $315315.19    | 0.60%             | 2036-10-15      | Floating      | 5.57%                 | No            |                  2 | On Loan: No      |
| Madison Park Funding Ltd       | Madison Park Funding LVIII Ltd                          | CUSIP: 55817BAD4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $251245.73    | 0.48%             | 2037-04-25      | Floating      | 7.32%                 | No            |                  2 | On Loan: No      |
| Madison Park Funding Ltd       | Madison Park Funding LXXIII Ltd                         | CUSIP: 55823HAJ0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1250000 | PA      | $1259014.50   | 2.40%             | 2038-10-17      | Floating      | 6.71%                 | No            |                  2 | On Loan: No      |
| TICP CLO Ltd                   | TICP CLO VII Ltd                                        | CUSIP: 87248TAW5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1250000 | PA      | $1251920.63   | 2.38%             | 2033-04-15      | Floating      | 5.57%                 | No            |                  2 | On Loan: No      |
| Bain Capital Credit CLO, Limit | Bain Capital Credit CLO 2024-4 Ltd                      | CUSIP: 05685VAJ1<br>LEI: 254900X1J8WOE4EG9026 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1008030.40   | 1.92%             | 2037-10-23      | Floating      | 6.77%                 | No            |                  2 | On Loan: No      |
| Diameter Capital CLO           | Diameter Capital CLO 7 Ltd                              | CUSIP: 25255WAJ7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1009965.10   | 1.92%             | 2037-07-20      | Floating      | 6.87%                 | No            |                  2 | On Loan: No      |
| Elevation CLO Ltd              | Elevation CLO 2020-11 Ltd                               | CUSIP: 28621YAS4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    650000 | PA      | $652358.46    | 1.24%             | 2037-10-15      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| Golub Capital Private Credit F | Golub Capital Partners Private Credit Fund CLO          | CUSIP: 38181XAC2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |    500000 | PA      | $499920.80    | 0.95%             | 2037-10-26      | Floating      | 5.32%                 | No            |                  2 | On Loan: No      |
| Madison Park Funding Ltd       | Madison Park Funding LXIX Ltd                           | CUSIP: 55822VAL5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1009642.20   | 1.92%             | 2037-07-25      | Floating      | 8.42%                 | No            |                  2 | On Loan: No      |
| Magnetite CLO Ltd              | Magnetite XVII Ltd                                      | CUSIP: 55954EAY5<br>LEI: 5493003SVWF9GG13MZ22 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1001969.00   | 1.91%             | 2037-04-20      | Floating      | 5.17%                 | No            |                  2 | On Loan: No      |
| OCP CLO Ltd                    | OCP CLO 2024-35 Ltd                                     | CUSIP: 671060AJ0<br>LEI: 2138008SMV573POQTV86 | Long             | ABS-CBDO         | CORP              | JE        |   1000000 | PA      | $1010292.90   | 1.92%             | 2037-10-25      | Floating      | 6.77%                 | No            |                  2 | On Loan: No      |
| Fortress Credit Opportunities  | Fortress Credit Opportunities XXIX CLO Ltd              | CUSIP: 34990EAG5<br>LEI: 254900314MCCPONEEQ30 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1009003.30   | 1.92%             | 2033-04-20      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| Owl Rock CLO                   | Owl Rock CLO VII LLC                                    | CUSIP: 69121BAQ7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $999829.40    | 1.90%             | 2038-04-20      | Floating      | 5.07%                 | No            |                  2 | On Loan: No      |
| Regatta 31 Funding Ltd.        | Regatta 31 Funding Ltd                                  | CUSIP: 758962AL8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1015876.30   | 1.93%             | 2038-03-25      | Floating      | 7.52%                 | No            |                  2 | On Loan: No      |
| ABPCI Direct Lending Fund CLO  | ABPCI Direct Lending Fund CLO XVII LLC                  | CUSIP: 00112AAJ1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1250000 | PA      | $1258452.88   | 2.40%             | 2036-08-01      | Floating      | 8.55%                 | No            |                  2 | On Loan: No      |
| Benefit Street Partners CLO Lt | Benefit Street Partners CLO XXXIX Ltd                   | CUSIP: 081930AL3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1046000 | PA      | $1047283.86   | 1.99%             | 2038-04-15      | Floating      | 7.32%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd               | Cifc Funding 2023-III Ltd                               | CUSIP: 12598YAJ7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $250000.00    | 0.48%             | 2037-01-20      | Floating      | 7.92%                 | No            |                  2 | On Loan: No      |
| JCP Direct Lending CLO LLC     | Jefferies Credit Partners Direct Lending CLO 2024-I Ltd | CUSIP: 47234TAL9<br>LEI: 213800GSY7EDOILMKX81 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1005987.70   | 1.92%             | 2036-07-25      | Floating      | 8.17%                 | No            |                  2 | On Loan: No      |
| Neuberger Berman CLO Ltd       | Neuberger Berman Loan Advisers CLO 47 Ltd               | CUSIP: 64135DAQ8<br>LEI: 549300JRWXK6DFJD7D06 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1002000.00   | 1.91%             | 2035-04-16      | Floating      | 6.47%                 | No            |                  2 | On Loan: No      |
| Palmer Square CLO Ltd          | Palmer Square CLO 2024-2 LTD                            | CUSIP: 69703LAJ7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $251642.80    | 0.48%             | 2037-07-20      | Floating      | 6.62%                 | No            |                  2 | On Loan: No      |
| Aimco                          | Aimco CLO 14 Ltd                                        | CUSIP: 00144GAW1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1003188.90   | 1.91%             | 2038-10-20      | Floating      | 6.27%                 | No            |                  2 | On Loan: No      |
| BXDL Static CLO 2025-1 LLC     | BXDL Static CLO 2025-1 LLC                              | CUSIP: 05617FAG5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1000000 | PA      | $1002668.00   | 1.91%             | 2035-07-20      | Floating      | 5.87%                 | No            |                  2 | On Loan: No      |
| Cerberus                       | Cerberus Loan Funding XLV LLC                           | CUSIP: 15675FAA6<br>LEI: 6354005BRQJC9NIG3407 | Long             | ABS-CBDO         | CORP              | US        |   1750000 | PA      | $1753462.03   | 3.34%             | 2036-04-15      | Floating      | 5.57%                 | No            |                  2 | On Loan: No      |
| SILVER POINT SCF CLO LTD       | Silver Point SCF CLO V Ltd                              | CUSIP: 827916AC1<br>LEI: 25490038FH6T3THSDT34 | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1500718.20   | 2.86%             | 2038-04-20      | Floating      | 5.37%                 | No            |                  2 | On Loan: No      |
| Texas Debt Capital CLO, Ltd    | Texas Debt Capital CLO 2023-I Ltd                       | CUSIP: 88238CAN2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1007548.20   | 1.92%             | 2038-07-20      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| Palmer Square CLO Ltd          | Palmer Square CLO 2021-3 Ltd                            | CUSIP: 69688FAW0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1508965.05   | 2.87%             | 2038-10-15      | Floating      | 6.47%                 | No            |                  2 | On Loan: No      |
| Warwick Capital CLO Ltd        | Warwick Capital CLO 3 Ltd                               | CUSIP: 93655PAA5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |   1500000 | PA      | $1502770.80   | 2.86%             | 2037-04-20      | Floating      | 5.32%                 | No            |                  2 | On Loan: No      |
| Fortress Credit BSL Limited    | Fortress Credit BSL XIX Ltd                             | CUSIP: 34966BAU0<br>LEI: 2549008HR79TDG6LYY87 | Long             | ABS-CBDO         | CORP              | JE        |   1000000 | PA      | $1005454.90   | 1.91%             | 2036-07-24      | Floating      | 6.07%                 | No            |                  2 | On Loan: No      |
| Invesco CLO LTD                | Invesco US CLO 2024-1 Ltd                               | CUSIP: 46148JAC8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1125000 | PA      | $1128991.39   | 2.15%             | 2037-04-15      | Floating      | 5.77%                 | No            |                  2 | On Loan: No      |
| Maranon Loan Funding Ltd       | Maranon Loan Funding 2025-1 Ltd                         | CUSIP: 56575UAQ3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1012212.10   | 1.93%             | 2037-10-15      | Floating      | 8.94%                 | No            |                  2 | On Loan: No      |
| Oak Hill Credit Partners       | OHA Credit Funding 19 Ltd                               | CUSIP: 67100SAJ5<br>LEI: 254900WSB9O7FH7DWN37 | Long             | ABS-CBDO         | CORP              | BM        |   1500000 | PA      | $1510745.40   | 2.88%             | 2037-07-20      | Floating      | 6.57%                 | No            |                  2 | On Loan: No      |
| Wellington Management CLO      | Wellington Management Clo 4 Ltd                         | CUSIP: 94957LAJ8<br>LEI: 213800VJVBC3KZIDZU56 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $999997.50    | 1.90%             | 2038-04-18      | Floating      | 7.42%                 | No            |                  2 | On Loan: No      |
| Blueberry Park CLO             | Blueberry Park CLO Ltd                                  | CUSIP: 09609QAG3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |    800000 | PA      | $809927.36    | 1.54%             | 2037-10-20      | Floating      | 6.57%                 | No            |                  2 | On Loan: No      |
| CTM CLO Ltd                    | CTM CLO 2025-1 Ltd                                      | CUSIP: 12719PAA9<br>LEI: 254900KXN2P7HDYVVW84 | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1506750.00   | 2.87%             | 2038-07-15      | Floating      | 5.17%                 | No            |                  2 | On Loan: No      |
| ABPCI Direct Lending Fund CLO  | ABPCI Direct Lending Fund CLO XVII LLC                  | CUSIP: 00112AAC6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1001286.40   | 1.91%             | 2036-08-01      | Floating      | 5.85%                 | No            |                  2 | On Loan: No      |
| AGL CLO Ltd.                   | AGL CLO 29 Ltd                                          | CUSIP: 00119BAE3<br>LEI: 254900MM5EQZ35CZG002 | Long             | ABS-CBDO         | CORP              | JE        |   1500000 | PA      | $1512246.45   | 2.88%             | 2037-04-21      | Floating      | 7.42%                 | No            |                  2 | On Loan: No      |
| Antares CLO                    | Antares CLO 2024-6 Ltd                                  | CUSIP: 03664XAC2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1500942.30   | 2.86%             | 2037-01-20      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| Antares CLO                    | Antares CLO 2024-6 Ltd                                  | CUSIP: 03664XAJ7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    750000 | PA      | $755598.68    | 1.44%             | 2037-01-20      | Floating      | 7.47%                 | No            |                  2 | On Loan: No      |
| ARES CLO Ltd                   | Ares LXV CLO Ltd                                        | CUSIP: 04019FAU1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1250000 | PA      | $1257676.75   | 2.39%             | 2034-07-25      | Floating      | 6.62%                 | No            |                  2 | On Loan: No      |
| Barings Private Credit CLO     | Barings Private Credit Corp CLO 2023-1 Ltd              | CUSIP: 067930AL1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | BM        |   1500000 | PA      | $1505015.25   | 2.87%             | 2036-10-15      | Floating      | 5.30%                 | No            |                  2 | On Loan: No      |
| Elmwood CLO XII Ltd.           | Elmwood CLO XII Ltd                                     | CUSIP: 29002YAS1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1400000 | PA      | $1405193.58   | 2.68%             | 2037-10-15      | Floating      | 8.02%                 | No            |                  2 | On Loan: No      |
| First American Government Obli | First American Government Obligations Fund              | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |    643162 | NS      | $643161.80    | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Gallatin Funding Ltd           | Gallatin CLO XI 2024-1 Ltd                              | CUSIP: 36362HAE8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | BM        |    725000 | PA      | $728025.50    | 1.39%             | 2037-10-20      | Floating      | 5.62%                 | No            |                  2 | On Loan: No      |
| Golub Capital Partners CLO Ltd | Golub Capital Partners CLO 59M Ltd                      | CUSIP: 381936AC7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   1500000 | PA      | $1500331.35   | 2.86%             | 2037-04-20      | Floating      | 5.27%                 | No            |                  2 | On Loan: No      |
| Monroe Capital MML CLO         | Monroe Capital Mml Clo XVI Ltd                          | CUSIP: 61034CAA3<br>LEI: 2138003NTU878X7J9T41 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1002009.10   | 1.91%             | 2036-07-23      | Floating      | 5.37%                 | No            |                  2 | On Loan: No      |
| OZLM Ltd                       | OZLM XXIV Ltd                                           | CUSIP: 67113DBC7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    800000 | PA      | $801999.92    | 1.53%             | 2032-07-20      | Floating      | 5.63%                 | No            |                  2 | On Loan: No      |
| Bridge Street CLO              | Bridge Street CLO V Ltd                                 | CUSIP: 107921AJ7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1005800.20   | 1.92%             | 2038-04-20      | Floating      | 6.52%                 | No            |                  2 | On Loan: No      |
| Cedar Funding Ltd              | Cedar Funding XIX CLO Ltd                               | CUSIP: 15033CAJ1<br>LEI: 213800XI96J5YS3DBD91 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $503685.80    | 0.96%             | 2038-01-23      | Floating      | 6.67%                 | No            |                  2 | On Loan: No      |
| Cerberus                       | Cerberus Loan Funding 50 LLC                            | CUSIP: 15673UAE7<br>LEI: 635400VJODJ5OZQ2H763 | Long             | ABS-CBDO         | CORP              | US        |   1500000 | PA      | $1514870.55   | 2.88%             | 2037-07-15      | Floating      | 6.27%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-03-25

**Name of Applicant:** ETF Series Solutions

**Signature:** /s/ Kristen Weitzel

**Name of Signer:** ETF Series Solutions

**Title:** Treasurer