# EDGAR Filing Document

**Accession Number:** 0001540305
**File Stem:** 0000894189-26-006337
**Filing Date:** 2026-2
**Character Count:** 62919
**Document Hash:** a466e9e2c782060e93eb6de40eb368be
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-26-006337.hdr.sgml**: 20260226

**ACCESSION NUMBER**: 0000894189-26-006337

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260226

**DATE AS OF CHANGE**: 20260226

**PERIOD START**: 20260930

**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:** 26689486

**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

### Distillate Small/Mid Cash Flow ETF (Series ID: S000077110)

| Class ID   | Class Name                         | Ticker Symbol   |
|:---|:---|:---|
| C000237276 | Distillate Small/Mid Cash Flow ETF | DSMC            |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **Distillate Small/Mid Cash Flow ETF** | **Distillate Small/Mid Cash Flow ETF** | **Distillate Small/Mid Cash Flow ETF** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **December 31, 2025 (Unaudited)** | **December 31, 2025 (Unaudited)** | **December 31, 2025 (Unaudited)** |
| **COMMON STOCKS - 98.8%** | **Shares** | **Value**  |
| **Basic Materials - 4.5%** | **Basic Materials - 4.5%** | |
| CF Industries Holdings, Inc. | 21381 | $1653607 |
| Commercial Metals Co. | 13011 | 900621 |
| Innospec, Inc. | 8180 | 626097 |
| Mosaic Co. | 52837 | 1272843 |
| Sylvamo Corp. | 13697 | 659511 |
|  |  | 5112679 |
| **Communications - 3.8%** | **Communications - 3.8%** |  |
| Cars.com, Inc. <sup>(a)</sup> | 47514 | 579671 |
| Etsy, Inc. <sup>(a)</sup> | 13827 | 766569 |
| IDT Corp. - Class B | 14234 | 728923 |
| Liquidity Services, Inc. <sup>(a)</sup> | 17291 | 524090 |
| Scholastic Corp. | 17863 | 529281 |
| Yelp, Inc. <sup>(a)</sup> | 18526 | 563005 |
| Ziff Davis, Inc. <sup>(a)</sup> | 19045 | 669432 |
|  |  | 4360971 |
| **Consumer, Cyclical - 20.0%** | **Consumer, Cyclical - 20.0%** |  |
| Abercrombie & Fitch Co. - Class A <sup>(a)</sup> | 6844 | 861454 |
| Academy Sports & Outdoors, Inc. | 14716 | 735211 |
| Adient PLC <sup>(a)</sup> | 32398 | 621070 |
| Allison Transmission Holdings, Inc. | 9743 | 953840 |
| Boyd Gaming Corp. | 10429 | 888968 |
| Buckle, Inc. | 10882 | 581316 |
| Carter's, Inc. | 20151 | 653497 |
| Columbia Sportswear Co. | 12508 | 689066 |
| Core & Main, Inc. - Class A <sup>(a)</sup> | 19183 | 996940 |
| Crocs, Inc. <sup>(a)</sup> | 11217 | 959278 |
| Deckers Outdoor Corp. <sup>(a)</sup> | 11270 | 1168361 |
| Dillard's, Inc. - Class A | 1444 | 875555 |
| Ethan Allen Interiors, Inc. | 22729 | 519130 |
| G-III Apparel Group Ltd. | 21469 | 621742 |
| HNI Corp. | 7682 | 322966 |
| La-Z-Boy, Inc. | 14134 | 526774 |
| LCI Industries | 6479 | 786162 |
| Lear Corp. | 7267 | 832798 |
| Leggett & Platt, Inc. | 67821 | 746031 |
| M/I Homes, Inc. <sup>(a)</sup> | 6724 | 860336 |
| Monarch Casino & Resort, Inc. | 5748 | 550084 |
| Oxford Industries, Inc. | 14550 | 497610 |
| PC Connection, Inc. | 9847 | 568763 |
| Phinia, Inc. | 10932 | 685327 |
| ScanSource, Inc. <sup>(a)</sup> | 14068 | 549496 |
| Signet Jewelers Ltd. | 7811 | 647376 |
| Steven Madden Ltd. | 14685 | 611483 |
| Taylor Morrison Home Corp. <sup>(a)</sup> | 15106 | 889290 |
| Toll Brothers, Inc. | 8110 | 1096634 |
| Tri Pointe Homes, Inc. <sup>(a)</sup> | 21721 | 683560 |
| Winnebago Industries, Inc. | 16596 | 672470 |
|  |  | 22652588 |
| **Consumer, Non-cyclical - 23.2%** | **Consumer, Non-cyclical - 23.2%** |  |
| Amphastar Pharmaceuticals, Inc. <sup>(a)</sup> | 20529 | 549767 |
| Avanos Medical, Inc. <sup>(a)</sup> | 52459 | 589115 |
| Bio-Rad Laboratories, Inc. - Class A <sup>(a)</sup> | 2599 | 787471 |
| Boston Beer Co., Inc. - Class A <sup>(a)</sup> | 3043 | 593781 |
| Cal-Maine Foods, Inc. | 11249 | 895083 |
| Collegium Pharmaceutical, Inc. <sup>(a)</sup> | 13128 | 607826 |
| Dole PLC | 42469 | 636610 |
| Euronet Worldwide, Inc. <sup>(a)</sup> | 11626 | 884855 |
| EVERTEC, Inc. | 20845 | 606381 |
| H&R Block, Inc. | 21852 | 952310 |
| Harmony Biosciences Holdings, Inc. <sup>(a)</sup> | 16795 | 628469 |
| Hormel Foods Corp. | 45433 | 1076762 |
| ICF International, Inc. | 7396 | 630879 |
| ICON PLC <sup>(a)</sup> | 5674 | 1033916 |
| Ingredion, Inc. | 8096 | 892665 |
| Innoviva, Inc. <sup>(a)</sup> | 28365 | 567016 |
| Insperity, Inc. | 18797 | 727820 |
| John Wiley & Sons, Inc. - Class A | 16272 | 498411 |
| Kforce, Inc. | 18116 | 560147 |
| Korn Ferry | 9731 | 642441 |
| Lantheus Holdings, Inc. <sup>(a)</sup> | 11442 | 761465 |
| ManpowerGroup, Inc. | 23424 | 696396 |
| Molson Coors Beverage Co. - Class B | 26083 | 1217554 |
| National Beverage Corp. <sup>(a)</sup> | 17611 | 561615 |
| Pacira BioSciences, Inc. <sup>(a)</sup> | 23309 | 603237 |
| Pediatrix Medical Group, Inc. <sup>(a)</sup> | 23651 | 505895 |
| Perdoceo Education Corp. | 20578 | 603553 |
| Prestige Consumer Healthcare, Inc. <sup>(a)</sup> | 10797 | 666067 |
| PROG Holdings, Inc. | 20352 | 600180 |
| Robert Half, Inc. | 28806 | 782371 |
| Simply Good Foods Co. <sup>(a)</sup> | 30300 | 608424 |
| Smithfield Foods, Inc. | 38965 | 870088 |
| Stride, Inc. <sup>(a)</sup> | 10522 | 683193 |
| Teleflex, Inc. | 6319 | 771171 |
| TriNet Group, Inc. | 12066 | 713463 |
| Upbound Group, Inc. | 32908 | 577864 |
| WEX, Inc. <sup>(a)</sup> | 5244 | 781251 |
|  |  | 26365512 |
| **Energy - 13.7%** | **Energy - 13.7%** |  |
| Alliance Resource Partners LP | 31384 | 729050 |
| Antero Resources Corp. <sup>(a)</sup> | 40532 | 1396733 |
| APA Corp. | 60304 | 1475036 |
| Black Stone Minerals LP | 56125 | 745901 |
| Chord Energy Corp. | 12732 | 1180257 |
| Civitas Resources, Inc. | 36902 | 999675 |
| Core Natural Resources, Inc. | 10172 | 900324 |
| CVR Energy, Inc. <sup>(a)</sup> | 24973 | 635313 |
| DNOW, Inc. <sup>(a)</sup> | 41923 | 555480 |
| Enphase Energy, Inc. <sup>(a)</sup> | 26665 | 854613 |
| HF Sinclair Corp. | 31965 | 1472947 |
| Murphy Oil Corp. | 33796 | 1056125 |
| Ovintiv, Inc. | 38189 | 1496627 |
| Patterson-UTI Energy, Inc. | 120479 | 736127 |
| RPC, Inc. | 111294 | 605439 |
| Warrior Met Coal, Inc. | 8331 | 734544 |
|  |  | 15574191 |
| **Financial - 5.6%** | **Financial - 5.6%** |  |
| AllianceBernstein Holding LP | 17268 | 664473 |
| Artisan Partners Asset Management, Inc. - Class A | 17575 | 716006 |
| eXp World Holdings, Inc. | 51754 | 468374 |
| Federated Hermes, Inc. | 13650 | 710755 |
| OppFi, Inc. | 70378 | 736154 |
| SEI Investments Co. | 9770 | 801335 |
| Slide Insurance Holdings, Inc. <sup>(a)</sup> | 44427 | 865438 |
| Victory Capital Holdings, Inc. - Class A | 11021 | 695315 |
| Virtus Investment Partners, Inc. | 3963 | 646563 |
|  |  | 6304413 |
| **Industrial - 16.6%** | **Industrial - 16.6%** |  |
| A O Smith Corp. | 11939 | 798480 |
| American Woodmark Corp. <sup>(a)</sup> | 10284 | 554308 |
| Apogee Enterprises, Inc. | 15338 | 558457 |
| ArcBest Corp. | 8960 | 664742 |
| Arrow Electronics, Inc. <sup>(a)</sup> | 7494 | 825689 |
| Atkore, Inc. | 12658 | 800618 |
| Carlisle Cos., Inc. | 3512 | 1123348 |
| CTS Corp. | 12987 | 556753 |
| Dorian LPG Ltd. | 25509 | 620889 |
| Genco Shipping & Trading Ltd. | 28642 | 527872 |
| Gibraltar Industries, Inc. <sup>(a)</sup> | 11608 | 573900 |
| Greif, Inc. - Class A | 11319 | 766296 |
| Hub Group, Inc. - Class A | 16180 | 689430 |
| International Seaways, Inc. | 12875 | 625081 |
| Janus International Group, Inc. <sup>(a)</sup> | 93950 | 614433 |
| Masco Corp. | 16362 | 1038333 |
| Matson, Inc. | 7832 | 967644 |
| Middleby Corp. <sup>(a)</sup> | 6653 | 989101 |
| Mueller Industries, Inc. | 7998 | 918170 |
| Owens Corning | 11141 | 1246789 |
| Ralliant Corp. | 15223 | 775003 |
| Teekay Tankers Ltd. | 13476 | 719888 |
| Tutor Perini Corp. | 9829 | 658740 |
| Worthington Enterprises, Inc. | 12207 | 629515 |
| Worthington Steel, Inc. | 17619 | 609970 |
|  |  | 18853449 |
| **Technology - 11.4%** | **Technology - 11.4%** |  |
| Adeia, Inc. | 48062 | 829069 |
| Amdocs Ltd. | 10891 | 876834 |
| ASGN, Inc. <sup>(a)</sup> | 15398 | 741722 |
| Axcelis Technologies, Inc. <sup>(a)</sup> | 7132 | 572985 |
| Cirrus Logic, Inc. <sup>(a)</sup> | 5714 | 677109 |
| Diodes, Inc. <sup>(a)</sup> | 12293 | 606537 |
| DXC Technology Co. <sup>(a)</sup> | 91361 | 1338439 |
| GigaCloud Technology, Inc. - Class A <sup>(a)</sup> | 15144 | 594856 |
| Insight Enterprises, Inc. <sup>(a)</sup> | 8505 | 692902 |
| Kulicke & Soffa Industries, Inc. | 13142 | 598749 |
| NCR Voyix Corp. <sup>(a)</sup> | 64543 | 658339 |
| NetScout Systems, Inc. <sup>(a)</sup> | 20327 | 550049 |
| Photronics, Inc. <sup>(a)</sup> | 25951 | 830432 |
| Qorvo, Inc. <sup>(a)</sup> | 9451 | 798704 |
| Skyworks Solutions, Inc. | 19821 | 1256850 |
| Teradata Corp. <sup>(a)</sup> | 22746 | 692388 |
| V2X, Inc. <sup>(a)</sup> | 10828 | 590667 |
|  |  | 12906631 |
| **TOTAL COMMON STOCKS** (Cost $112,709,741) | **TOTAL COMMON STOCKS** (Cost $112,709,741) | 112130434 |
| **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** |
| **MONEY MARKET FUNDS - 1.1%** | **Shares** | **Value**  |
| First American Government Obligations Fund - Class X, 3.67% <sup>(b)</sup> | 1217229 | 1217229 |
| **TOTAL MONEY MARKET FUNDS** (Cost $1,217,229) | **TOTAL MONEY MARKET FUNDS** (Cost $1,217,229) | 1217229 |
| **TOTAL INVESTMENTS - 99.9% (**Cost $113,926,970**)** | **TOTAL INVESTMENTS - 99.9% (**Cost $113,926,970**)** | 113347663 |
| Other Assets in Excess of Liabilities - 0.1% | Other Assets in Excess of Liabilities - 0.1% | 69588 |
| **TOTAL NET ASSETS - 100.0%** |  | $113417251 |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. |  |

---

LP - Limited Partnership <br> PLC - Public Limited Company

(a) Non-income producing security.

(b) The rate shown represents the 7-day annualized yield as of December 31, 2025.

------

#### <br>

#### Summary of Fair Value Disclosure as of December 31, 2025 (Unaudited)
Distillate Small/Mid Cash Flow 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 December 31, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | $112130434 | $– | $– | $112130434 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Money Market Funds | 1217229 | – | – | 1217229 |
| Total Investments | $113347663 | $– | $– | $113347663 |
| 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:** Distillate Small/Mid Cash Flow ETF

- **b. EDGAR series identifier (if any):** S000077110

- **c. LEI of Series:** 549300RXDI4OKGXIK130

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

- **a. Date of fiscal year-end:** 2026-09-30

- **b. Date as of which information is reported:** 2025-12-31

**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:** $112583005.54

**Total Liabilities:** $51827.90

**Net Assets:** $112531177.64

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000237276 | -3.64%               | 1.67%                | 1.28%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-448.68                 | $-4018105.03                               |
| Month 2  | $-256806.37              | $2111652.33                                |
| Month 3  | $308546.13               | $843204.79                                 |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Allison Transmission Holdings  | Allison Transmission Holdings Inc          | CUSIP: 01973R101<br>LEI: 529900RP7DJ882LI9T83 | Long             | EC               | CORP              | US        |      9667 | NS      | $946399.30    | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| American Woodmark Corp         | American Woodmark Corp                     | CUSIP: 030506109<br>LEI: 5299007PFSDWMA74RB56 | Long             | EC               | CORP              | US        |     10204 | NS      | $549995.60    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Avanos Medical Inc             | Avanos Medical Inc                         | CUSIP: 05350V106<br>LEI: 549300YCXWOM7NEWMQ58 | Long             | EC               | CORP              | US        |     52049 | NS      | $584510.27    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Axcelis Technologies Inc       | Axcelis Technologies Inc                   | CUSIP: 054540208<br>LEI: 529900HF9B6NL1QG9F05 | Long             | EC               | CORP              | US        |      7076 | NS      | $568485.84    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Upbound Group Inc              | Upbound Group Inc                          | CUSIP: 76009N100<br>LEI: 529900QUHE15UQNCCJ63 | Long             | EC               | CORP              | US        |     32651 | NS      | $573351.56    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Taylor Morrison Home Corp      | Taylor Morrison Home Corp                  | CUSIP: 87724P106<br>LEI: 5299009UDLLGLKOOJE30 | Long             | EC               | CORP              | US        |     14988 | NS      | $882343.56    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| V2X Inc                        | V2X Inc                                    | CUSIP: 92242T101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10743 | NS      | $586030.65    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| WEX Inc                        | WEX Inc                                    | CUSIP: 96208T104<br>LEI: T9M5IGROL1TL1G5OV478 | Long             | EC               | CORP              | US        |      5203 | NS      | $775142.94    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Ziff Davis Inc                 | Ziff Davis Inc                             | CUSIP: 48123V102<br>LEI: 5493008OJYGLHD7MXA18 | Long             | EC               | CORP              | US        |     18896 | NS      | $664194.40    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Tri Pointe Homes Inc           | Tri Pointe Homes Inc                       | CUSIP: 87265H109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     21551 | NS      | $678209.97    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Winnebago Industries Inc       | Winnebago Industries Inc                   | CUSIP: 974637100<br>LEI: 549300B7OYKYJLTE3G11 | Long             | EC               | CORP              | US        |     16466 | NS      | $667202.32    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Abercrombie & Fitch Co         | Abercrombie & Fitch Co                     | CUSIP: 002896207<br>LEI: 5493000J7LL72TOGT983 | Long             | EC               | CORP              | US        |      6791 | NS      | $854783.17    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| ArcBest Corp                   | ArcBest Corp                               | CUSIP: 03937C105<br>LEI: 5493006S3KBNE8ZS3J23 | Long             | EC               | CORP              | US        |      8890 | NS      | $659549.10    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Federated Hermes Inc           | Federated Hermes Inc                       | CUSIP: 314211103<br>LEI: R05X5UQ874RGFF7HHD84 | Long             | EC               | CORP              | US        |     13543 | NS      | $705184.01    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Janus International Group Inc  | Janus International Group Inc              | CUSIP: 47103N106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     93216 | NS      | $609632.64    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| LCI Industries                 | LCI Industries                             | CUSIP: 50189K103<br>LEI: 549300E1B98YNJ1WIQ04 | Long             | EC               | CORP              | US        |      6428 | NS      | $779973.52    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Middleby Corp/The              | Middleby Corp/The                          | CUSIP: 596278101<br>LEI: JDFO86U9VQRBKW5KYA35 | Long             | EC               | CORP              | US        |      6601 | NS      | $981370.67    | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Ralliant Corp                  | Ralliant Corp                              | CUSIP: 750940108<br>LEI: 52990024QKO4DYT8N464 | Long             | EC               | CORP              | US        |     15104 | NS      | $768944.64    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| SEI Investments Co             | SEI Investments Co                         | CUSIP: 784117103<br>LEI: 5LJTIFADGZ6XH1RVOC11 | Long             | EC               | CORP              | US        |      9694 | NS      | $795101.88    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Scholastic Corp                | Scholastic Corp                            | CUSIP: 807066105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     17723 | NS      | $525132.49    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Skyworks Solutions Inc         | Skyworks Solutions Inc                     | CUSIP: 83088M102<br>LEI: 549300WZ3ORQ2BVKBD96 | Long             | EC               | CORP              | US        |     19666 | NS      | $1247021.06   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Smithfield Foods Inc           | Smithfield Foods Inc                       | CUSIP: 832248207<br>LEI: CVTIPZRZJC0JQEZLL598 | Long             | EC               | CORP              | US        |     38661 | NS      | $863300.13    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| EVERTEC Inc                    | EVERTEC Inc                                | CUSIP: 30040P103<br>LEI: N/A                  | Long             | EC               | CORP              | PR        |     20682 | NS      | $601639.38    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Hormel Foods Corp              | Hormel Foods Corp                          | CUSIP: 440452100<br>LEI: MSD54751OJP1FS2ND863 | Long             | EC               | CORP              | US        |     45078 | NS      | $1068348.60   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Kforce Inc                     | Kforce Inc                                 | CUSIP: 493732101<br>LEI: 5493003RDQQDVXY2SK46 | Long             | EC               | CORP              | US        |     17974 | NS      | $555756.08    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Lantheus Holdings Inc          | Lantheus Holdings Inc                      | CUSIP: 516544103<br>LEI: 5299005HUB5IOJGO7S39 | Long             | EC               | CORP              | US        |     11353 | NS      | $755542.15    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| ManpowerGroup Inc              | ManpowerGroup Inc                          | CUSIP: 56418H100<br>LEI: ERO1WSFOSR0JJ6CRQ987 | Long             | EC               | CORP              | US        |     23241 | NS      | $690954.93    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Mosaic Co/The                  | Mosaic Co/The                              | CUSIP: 61945C103<br>LEI: 2YD5STGSJNMUB7H76907 | Long             | EC               | CORP              | US        |     52424 | NS      | $1262894.16   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| NetScout Systems Inc           | NetScout Systems Inc                       | CUSIP: 64115T104<br>LEI: 5493005HZXZ3SPNVCV76 | Long             | EC               | CORP              | US        |     20168 | NS      | $545746.08    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| John Wiley & Sons Inc          | John Wiley & Sons Inc                      | CUSIP: 968223206<br>LEI: 5493003XM719UN7E8P64 | Long             | EC               | CORP              | US        |     16145 | NS      | $494521.35    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Civitas Resources Inc          | Civitas Resources Inc                      | CUSIP: 17888H103<br>LEI: IIVIHPH28S64K95M2381 | Long             | EC               | CORP              | US        |     36614 | NS      | $991873.26    | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Collegium Pharmaceutical Inc   | Collegium Pharmaceutical Inc               | CUSIP: 19459J104<br>LEI: 54930049FXZMTLW8D496 | Long             | EC               | CORP              | US        |     13025 | NS      | $603057.50    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Core & Main Inc                | Core & Main Inc                            | CUSIP: 21874C102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     19033 | NS      | $989145.01    | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Crocs Inc                      | Crocs Inc                                  | CUSIP: 227046109<br>LEI: 549300B0J6YCXD63OG72 | Long             | EC               | CORP              | US        |     11129 | NS      | $951752.08    | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Ethan Allen Interiors Inc      | Ethan Allen Interiors Inc                  | CUSIP: 297602104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     22551 | NS      | $515064.84    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Government Obli | First American Government Obligations Fund | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |   1217229 | NS      | $1217229.29   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Innospec Inc                   | Innospec Inc                               | CUSIP: 45768S105<br>LEI: 213800SQBACNY5IWJO68 | Long             | EC               | CORP              | US        |      8116 | NS      | $621198.64    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Stride Inc                     | Stride Inc                                 | CUSIP: 86333M108<br>LEI: 254900BRWS3AFONWU277 | Long             | EC               | CORP              | US        |     10440 | NS      | $677869.20    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Teleflex Inc                   | Teleflex Inc                               | CUSIP: 879369106<br>LEI: UUL85LWXB4NGSWWXIQ25 | Long             | EC               | CORP              | US        |      6270 | NS      | $765190.80    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| TriNet Group Inc               | TriNet Group Inc                           | CUSIP: 896288107<br>LEI: 5299003FJVBETSFKE990 | Long             | EC               | CORP              | US        |     11972 | NS      | $707904.36    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Artisan Partners Asset Managem | Artisan Partners Asset Management Inc      | CUSIP: 04316A108<br>LEI: 549300T1FUI6JF63XU51 | Long             | EC               | CORP              | US        |     17438 | NS      | $710424.12    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Bio-Rad Laboratories Inc       | Bio-Rad Laboratories Inc                   | CUSIP: 090572207<br>LEI: 549300ZC1GPV35XYDK53 | Long             | EC               | CORP              | US        |      2579 | NS      | $781411.21    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Cirrus Logic Inc               | Cirrus Logic Inc                           | CUSIP: 172755100<br>LEI: 549300NKSJEM5ZZSSV18 | Long             | EC               | CORP              | US        |      5669 | NS      | $671776.50    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Columbia Sportswear Co         | Columbia Sportswear Co                     | CUSIP: 198516106<br>LEI: 549300OTMCIEUXAH5Z60 | Long             | EC               | CORP              | US        |     12410 | NS      | $683666.90    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| G-III Apparel Group Ltd        | G-III Apparel Group Ltd                    | CUSIP: 36237H101<br>LEI: 529900O5KABM3R3SFM87 | Long             | EC               | CORP              | US        |     21301 | NS      | $616876.96    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| HF Sinclair Corp               | HF Sinclair Corp                           | CUSIP: 403949100<br>LEI: 2549009G116AM01XHN24 | Long             | EC               | CORP              | US        |     31715 | NS      | $1461427.20   | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Insperity Inc                  | Insperity Inc                              | CUSIP: 45778Q107<br>LEI: 5299000Q0KW7HY5DB751 | Long             | EC               | CORP              | US        |     18650 | NS      | $722128.00    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Monarch Casino & Resort Inc    | Monarch Casino & Resort Inc                | CUSIP: 609027107<br>LEI: 549300AK5FF7KY11V997 | Long             | EC               | CORP              | US        |      5703 | NS      | $545777.10    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Pacira BioSciences Inc         | Pacira BioSciences Inc                     | CUSIP: 695127100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     23127 | NS      | $598526.76    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Phinia Inc                     | Phinia Inc                                 | CUSIP: 71880K101<br>LEI: 254900HG6MORZE1FFM18 | Long             | EC               | CORP              | US        |     10847 | NS      | $679998.43    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Qorvo Inc                      | Qorvo Inc                                  | CUSIP: 74736K101<br>LEI: 254900YAUJV2EUEVBR11 | Long             | EC               | CORP              | US        |      9377 | NS      | $792450.27    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Dole PLC                       | Dole PLC                                   | CUSIP: N/A<br>LEI: 635400JUG5XJXOPPJJ47       | Long             | EC               | CORP              | IE        |     42137 | NS      | $631633.63    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| International Seaways Inc      | International Seaways Inc                  | CUSIP: N/A<br>LEI: 549300YUFDGFRNGBWF46       | Long             | EC               | CORP              | US        |     12774 | NS      | $620177.70    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Adeia Inc                      | Adeia Inc                                  | CUSIP: 00676P107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     47687 | NS      | $822600.75    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Molson Coors Beverage Co       | Molson Coors Beverage Co                   | CUSIP: 60871R209<br>LEI: 54930073LBBH6ZCBE225 | Long             | EC               | CORP              | US        |     25879 | NS      | $1208031.72   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| ASGN Inc                       | ASGN Inc                                   | CUSIP: 00191U102<br>LEI: LZBNYYCBUKY537072438 | Long             | EC               | CORP              | US        |     15278 | NS      | $735941.26    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Academy Sports & Outdoors Inc  | Academy Sports & Outdoors Inc              | CUSIP: 00402L107<br>LEI: 529900HST589BD301M91 | Long             | EC               | CORP              | US        |     14601 | NS      | $729465.96    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Amphastar Pharmaceuticals Inc  | Amphastar Pharmaceuticals Inc              | CUSIP: 03209R103<br>LEI: 54930055TH0ZLSAQMJ38 | Long             | EC               | CORP              | US        |     20369 | NS      | $545481.82    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Antero Resources Corp          | Antero Resources Corp                      | CUSIP: 03674X106<br>LEI: APVBKPOULHUX7YZLKU17 | Long             | EC               | CORP              | US        |     40215 | NS      | $1385808.90   | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| APA Corp                       | APA Corp                                   | CUSIP: 03743Q108<br>LEI: 549300VCIWLRHYVSHC79 | Long             | EC               | CORP              | US        |     59833 | NS      | $1463515.18   | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Arrow Electronics Inc          | Arrow Electronics Inc                      | CUSIP: 042735100<br>LEI: 549300YNNLBXT8N8R512 | Long             | EC               | CORP              | US        |      7435 | NS      | $819188.30    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Black Stone Minerals LP        | Black Stone Minerals LP                    | CUSIP: 09225M101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     55687 | NS      | $740080.23    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| H&R Block Inc                  | H&R Block Inc                              | CUSIP: 093671105<br>LEI: 549300CE3KUCWLZBG404 | Long             | EC               | CORP              | US        |     21681 | NS      | $944857.98    | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Boyd Gaming Corp               | Boyd Gaming Corp                           | CUSIP: 103304101<br>LEI: 254900787YGRYS2A1Z35 | Long             | EC               | CORP              | US        |     10348 | NS      | $882063.52    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| CVR Energy Inc                 | CVR Energy Inc                             | CUSIP: 12662P108<br>LEI: 529900SOYZIXZBTXB558 | Long             | EC               | CORP              | US        |     24778 | NS      | $630352.32    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Carlisle Cos Inc               | Carlisle Cos Inc                           | CUSIP: 142339100<br>LEI: XR64VGX1ZPX6G7ZN7Z11 | Long             | EC               | CORP              | US        |      3485 | NS      | $1114712.10   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Cars.com Inc                   | Cars.com Inc                               | CUSIP: 14575E105<br>LEI: 5493002G6J07LNGX4M98 | Long             | EC               | CORP              | US        |     47143 | NS      | $575144.60    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Carter's Inc                   | Carter's Inc                               | CUSIP: 146229109<br>LEI: 5299003WAQK4R3L3ZU36 | Long             | EC               | CORP              | US        |     19994 | NS      | $648405.42    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Commercial Metals Co           | Commercial Metals Co                       | CUSIP: 201723103<br>LEI: 549300OQS2LO07ZJ7N73 | Long             | EC               | CORP              | US        |     12909 | NS      | $893560.98    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| HNI Corp                       | HNI Corp                                   | CUSIP: 404251100<br>LEI: 549300SKRADLC4O5HV93 | Long             | EC               | CORP              | US        |      7622 | NS      | $320443.14    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Harmony Biosciences Holdings I | Harmony Biosciences Holdings Inc           | CUSIP: 413197104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16664 | NS      | $623566.88    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Hub Group Inc                  | Hub Group Inc                              | CUSIP: 443320106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16054 | NS      | $684060.94    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Korn Ferry                     | Korn Ferry                                 | CUSIP: 500643200<br>LEI: 549300FOD20OM0GT5G40 | Long             | EC               | CORP              | US        |      9655 | NS      | $637423.10    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Kulicke & Soffa Industries Inc | Kulicke & Soffa Industries Inc             | CUSIP: 501242101<br>LEI: 529900H6BEIRBF429744 | Long             | EC               | CORP              | SG        |     13039 | NS      | $594056.84    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| La-Z-Boy Inc                   | La-Z-Boy Inc                               | CUSIP: 505336107<br>LEI: 549300WNO1WMN9ZG2519 | Long             | EC               | CORP              | US        |     14024 | NS      | $522674.48    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Matson Inc                     | Matson Inc                                 | CUSIP: 57686G105<br>LEI: 549300OI5H3Y0I9I4I12 | Long             | EC               | CORP              | US        |      7771 | NS      | $960107.05    | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Pediatrix Medical Group Inc    | Pediatrix Medical Group Inc                | CUSIP: 58502B106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     23466 | NS      | $501937.74    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Mueller Industries Inc         | Mueller Industries Inc                     | CUSIP: 624756102<br>LEI: 5493005IZFE4VJLLYG84 | Long             | EC               | CORP              | US        |      7936 | NS      | $911052.80    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Ovintiv Inc                    | Ovintiv Inc                                | CUSIP: 69047Q102<br>LEI: 2549003MEX7YMKLGI239 | Long             | EC               | CORP              | US        |     37891 | NS      | $1484948.29   | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Patterson-UTI Energy Inc       | Patterson-UTI Energy Inc                   | CUSIP: 703481101<br>LEI: 254900XGFBKIXD6G0697 | Long             | EC               | CORP              | US        |    119538 | NS      | $730377.18    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Perdoceo Education Corp        | Perdoceo Education Corp                    | CUSIP: 71363P106<br>LEI: 529900X5PCA184O9LY90 | Long             | EC               | CORP              | US        |     20417 | NS      | $598830.61    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| PROG Holdings Inc              | PROG Holdings Inc                          | CUSIP: 74319R101<br>LEI: 549300DHYTLBOVRXIG52 | Long             | EC               | CORP              | US        |     20193 | NS      | $595491.57    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| ScanSource Inc                 | ScanSource Inc                             | CUSIP: 806037107<br>LEI: 7FHBAN017QDY4K2KP156 | Long             | EC               | CORP              | US        |     13958 | NS      | $545199.48    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Toll Brothers Inc              | Toll Brothers Inc                          | CUSIP: 889478103<br>LEI: 529900JB6IS9MSZGVR44 | Long             | EC               | CORP              | US        |      8047 | NS      | $1088115.34   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Yelp Inc                       | Yelp Inc                                   | CUSIP: 985817105<br>LEI: 5299007OU2DOSXPQBO35 | Long             | EC               | CORP              | US        |     18381 | NS      | $558598.59    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Adient PLC                     | Adient PLC                                 | CUSIP: N/A<br>LEI: 5493002QLDY8O75RTR78       | Long             | EC               | CORP              | US        |     32145 | NS      | $616219.65    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Amdocs Ltd                     | Amdocs Ltd                                 | CUSIP: N/A<br>LEI: 549300HQV672RJ7RQV66       | Long             | EC               | CORP              | US        |     10806 | NS      | $869991.06    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| GigaCloud Technology Inc       | GigaCloud Technology Inc                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     15026 | NS      | $590221.28    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| ICON PLC                       | ICON PLC                                   | CUSIP: N/A<br>LEI: 6354008SRQGEMC4XFI67       | Long             | EC               | CORP              | IE        |      5630 | NS      | $1025898.60   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Teekay Tankers Ltd             | Teekay Tankers Ltd                         | CUSIP: N/A<br>LEI: 549300DE8ZAIYS2T6Q22       | Long             | EC               | CORP              | CA        |     13371 | NS      | $714278.82    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| CF Industries Holdings Inc     | CF Industries Holdings Inc                 | CUSIP: 125269100<br>LEI: 529900CG8YAQFZ2JMV97 | Long             | EC               | CORP              | US        |     21214 | NS      | $1640690.76   | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| CTS Corp                       | CTS Corp                                   | CUSIP: 126501105<br>LEI: 549300YV1HQLBVHOI649 | Long             | EC               | CORP              | US        |     12886 | NS      | $552422.82    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| DXC Technology Co              | DXC Technology Co                          | CUSIP: 23355L106<br>LEI: 549300DOVZ3EDJB7O259 | Long             | EC               | CORP              | US        |     90647 | NS      | $1327978.55   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Deckers Outdoor Corp           | Deckers Outdoor Corp                       | CUSIP: 243537107<br>LEI: 5493008LG4W3I6K8J118 | Long             | EC               | CORP              | US        |     11182 | NS      | $1159237.94   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Dillard's Inc                  | Dillard's Inc                              | CUSIP: 254067101<br>LEI: 529900FGYKMWL6019P91 | Long             | EC               | CORP              | US        |      1433 | NS      | $868885.22    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| eXp World Holdings Inc         | eXp World Holdings Inc                     | CUSIP: 30212W100<br>LEI: 549300TWVVZC283VEC32 | Long             | EC               | CORP              | US        |     51350 | NS      | $464717.50    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Gibraltar Industries Inc       | Gibraltar Industries Inc                   | CUSIP: 374689107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11517 | NS      | $569400.48    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Greif Inc                      | Greif Inc                                  | CUSIP: 397624107<br>LEI: 54930070FVGKR0Z1FI24 | Long             | EC               | CORP              | US        |     11231 | NS      | $760338.70    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| IDT Corp                       | IDT Corp                                   | CUSIP: 448947507<br>LEI: 549300JNTN7ZMJDFCL56 | Long             | EC               | CORP              | US        |     14123 | NS      | $723238.83    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| DNOW Inc                       | DNOW Inc                                   | CUSIP: 67011P100<br>LEI: 549300AVH5SOCFVVDW91 | Long             | EC               | CORP              | US        |     41595 | NS      | $551133.75    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| OppFi Inc                      | OppFi Inc                                  | CUSIP: 68386H103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     69828 | NS      | $730400.88    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Owens Corning                  | Owens Corning                              | CUSIP: 690742101<br>LEI: JO5M6676RDJIZ2U8X907 | Long             | EC               | CORP              | US        |     11054 | NS      | $1237053.14   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| PC Connection Inc              | PC Connection Inc                          | CUSIP: 69318J100<br>LEI: 5299005WPRNIXDV2KM73 | Long             | EC               | CORP              | US        |      9770 | NS      | $564315.20    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Simply Good Foods Co/The       | Simply Good Foods Co/The                   | CUSIP: 82900L102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     30063 | NS      | $603665.04    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Teradata Corp                  | Teradata Corp                              | CUSIP: 88076W103<br>LEI: 549300JU9SOUHV4U4R71 | Long             | EC               | CORP              | US        |     22568 | NS      | $686969.92    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Tutor Perini Corp              | Tutor Perini Corp                          | CUSIP: 901109108<br>LEI: 549300FHXYVPW8LJ6D98 | Long             | EC               | CORP              | US        |      9752 | NS      | $653579.04    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Virtus Investment Partners Inc | Virtus Investment Partners Inc             | CUSIP: 92828Q109<br>LEI: 549300HWF93HB8BDM648 | Long             | EC               | CORP              | US        |      3932 | NS      | $641505.80    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Warrior Met Coal Inc           | Warrior Met Coal Inc                       | CUSIP: 93627C101<br>LEI: 549300152B1S9YKBYV79 | Long             | EC               | CORP              | US        |      8266 | NS      | $728813.22    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Genco Shipping & Trading Ltd   | Genco Shipping & Trading Ltd               | CUSIP: N/A<br>LEI: 5493003MBZ5GU8QHXZ58       | Long             | EC               | CORP              | US        |     28418 | NS      | $523743.74    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| AllianceBernstein Holding LP   | AllianceBernstein Holding LP               | CUSIP: 01881G106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     17133 | NS      | $659277.84    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Boston Beer Co Inc/The         | Boston Beer Co Inc/The                     | CUSIP: 100557107<br>LEI: 529900Q02MQ0DCQNRM58 | Long             | EC               | CORP              | US        |      3019 | NS      | $589097.47    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Buckle Inc/The                 | Buckle Inc/The                             | CUSIP: 118440106<br>LEI: 5299007IU0461T3GDL34 | Long             | EC               | CORP              | US        |     10797 | NS      | $576775.74    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Cal-Maine Foods Inc            | Cal-Maine Foods Inc                        | CUSIP: 128030202<br>LEI: 549300NHE5WMIEIEMF53 | Long             | EC               | CORP              | US        |     11161 | NS      | $888080.77    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Core Natural Resources Inc     | Core Natural Resources Inc                 | CUSIP: 218937100<br>LEI: 549300YJCTPJBTK7IJ81 | Long             | EC               | CORP              | US        |     10093 | NS      | $893331.43    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Diodes Inc                     | Diodes Inc                                 | CUSIP: 254543101<br>LEI: 549300XP2X1ARVH3BX23 | Long             | EC               | CORP              | US        |     12197 | NS      | $601799.98    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Enphase Energy Inc             | Enphase Energy Inc                         | CUSIP: 29355A107<br>LEI: 5493008U7KIGMI59Z314 | Long             | EC               | CORP              | US        |     26457 | NS      | $847946.85    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Etsy Inc                       | Etsy Inc                                   | CUSIP: 29786A106<br>LEI: 54930089Q7XT501AEA40 | Long             | EC               | CORP              | US        |     13719 | NS      | $760581.36    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Euronet Worldwide Inc          | Euronet Worldwide Inc                      | CUSIP: 298736109<br>LEI: YG3575C4DSHJPA5KET68 | Long             | EC               | CORP              | US        |     11535 | NS      | $877928.85    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| ICF International Inc          | ICF International Inc                      | CUSIP: 44925C103<br>LEI: 5493003KYFDDC5B3WY64 | Long             | EC               | CORP              | US        |      7338 | NS      | $625931.40    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Ingredion Inc                  | Ingredion Inc                              | CUSIP: 457187102<br>LEI: PKSTQ48QDN0XSVS7YK88 | Long             | EC               | CORP              | US        |      8033 | NS      | $885718.58    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Insight Enterprises Inc        | Insight Enterprises Inc                    | CUSIP: 45765U103<br>LEI: 529900S8991TYW6YP792 | Long             | EC               | CORP              | US        |      8439 | NS      | $687525.33    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Lear Corp                      | Lear Corp                                  | CUSIP: 521865204<br>LEI: 549300UPNBTXA1SYTQ33 | Long             | EC               | CORP              | US        |      7210 | NS      | $826266.00    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Liquidity Services Inc         | Liquidity Services Inc                     | CUSIP: 53635B107<br>LEI: 5299002AZ4ULSAXN0G81 | Long             | EC               | CORP              | US        |     17156 | NS      | $519998.36    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Steven Madden Ltd              | Steven Madden Ltd                          | CUSIP: 556269108<br>LEI: 549300Z9GZ7GYJWSGF43 | Long             | EC               | CORP              | US        |     14570 | NS      | $606694.80    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| National Beverage Corp         | National Beverage Corp                     | CUSIP: 635017106<br>LEI: 549300O9MZIQJI8TGV17 | Long             | EC               | CORP              | US        |     17473 | NS      | $557213.97    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Photronics Inc                 | Photronics Inc                             | CUSIP: 719405102<br>LEI: 549300OK5JVNIBNY6F63 | Long             | EC               | CORP              | US        |     25748 | NS      | $823936.00    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| RPC Inc                        | RPC Inc                                    | CUSIP: 749660106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    110425 | NS      | $600712.00    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Robert Half Inc                | Robert Half Inc                            | CUSIP: 770323103<br>LEI: 529900VPCUY9H3HLIC08 | Long             | EC               | CORP              | US        |     28581 | NS      | $776259.96    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Alliance Resource Partners LP  | Alliance Resource Partners LP              | CUSIP: 01877R108<br>LEI: 529900T4Q5UPWOUFG783 | Long             | EC               | CORP              | US        |     31139 | NS      | $723358.97    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Apogee Enterprises Inc         | Apogee Enterprises Inc                     | CUSIP: 037598109<br>LEI: 549300579S7QW8V4IJ60 | Long             | EC               | CORP              | US        |     15218 | NS      | $554087.38    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Atkore Inc                     | Atkore Inc                                 | CUSIP: 047649108<br>LEI: 52990002TI38AM4RPV48 | Long             | EC               | CORP              | US        |     12559 | NS      | $794356.75    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Innoviva Inc                   | Innoviva Inc                               | CUSIP: 45781M101<br>LEI: 549300ACOX4QTBES6535 | Long             | EC               | CORP              | US        |     28143 | NS      | $562578.57    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Leggett & Platt Inc            | Leggett & Platt Inc                        | CUSIP: 524660107<br>LEI: DKOVQUCDW4ZLYCUD4T55 | Long             | EC               | CORP              | US        |     67291 | NS      | $740201.00    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| M/I Homes Inc                  | M/I Homes Inc                              | CUSIP: 55305B101<br>LEI: 5299005M71FH9CCSFB69 | Long             | EC               | CORP              | US        |      6671 | NS      | $853554.45    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Masco Corp                     | Masco Corp                                 | CUSIP: 574599106<br>LEI: 5GCSNMQXHEYA1JO8QN11 | Long             | EC               | CORP              | US        |     16234 | NS      | $1030209.64   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Murphy Oil Corp                | Murphy Oil Corp                            | CUSIP: 626717102<br>LEI: QBKYQD0ODE7DC7PDIN91 | Long             | EC               | CORP              | US        |     33532 | NS      | $1047875.00   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| NCR Voyix Corp                 | NCR Voyix Corp                             | CUSIP: 62886E108<br>LEI: 549300YKTY8JX1DV2R67 | Long             | EC               | CORP              | US        |     64039 | NS      | $653197.80    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Chord Energy Corp              | Chord Energy Corp                          | CUSIP: 674215207<br>LEI: 529900FA4V2YNIKZ0M71 | Long             | EC               | CORP              | US        |     12633 | NS      | $1171079.10   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Oxford Industries Inc          | Oxford Industries Inc                      | CUSIP: 691497309<br>LEI: IDZ20O0XD3GS4UOI2L88 | Long             | EC               | CORP              | US        |     14436 | NS      | $493711.20    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Prestige Consumer Healthcare I | Prestige Consumer Healthcare Inc           | CUSIP: 74112D101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10713 | NS      | $660884.97    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Slide Insurance Holdings Inc   | Slide Insurance Holdings Inc               | CUSIP: 831349105<br>LEI: 2549004LDWZTPC69SX47 | Long             | EC               | CORP              | US        |     44080 | NS      | $858678.40    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| A O Smith Corp                 | A O Smith Corp                             | CUSIP: 831865209<br>LEI: 549300XG4US7UJNECY36 | Long             | EC               | CORP              | US        |     11846 | NS      | $792260.48    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Sylvamo Corp                   | Sylvamo Corp                               | CUSIP: 871332102<br>LEI: 5493001AOYU1ZOWOC971 | Long             | EC               | CORP              | US        |     13590 | NS      | $654358.50    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Victory Capital Holdings Inc   | Victory Capital Holdings Inc               | CUSIP: 92645B103<br>LEI: 549300BN5LH2CIPPHS71 | Long             | EC               | CORP              | US        |     10935 | NS      | $689889.15    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Worthington Enterprises Inc    | Worthington Enterprises Inc                | CUSIP: 981811102<br>LEI: 1WRCIANKYOIK6KYE5E82 | Long             | EC               | CORP              | US        |     12112 | NS      | $624615.84    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Worthington Steel Inc          | Worthington Steel Inc                      | CUSIP: 982104101<br>LEI: 2549009ZUUWL3QLK6G24 | Long             | EC               | CORP              | US        |     17481 | NS      | $605192.22    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Signet Jewelers Ltd            | Signet Jewelers Ltd                        | CUSIP: N/A<br>LEI: 549300N3XPGE91WV7M22       | Long             | EC               | CORP              | US        |      7750 | NS      | $642320.00    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Dorian LPG Ltd                 | Dorian LPG Ltd                             | CUSIP: N/A<br>LEI: 549300WP1W2WGMC7F395       | Long             | EC               | CORP              | US        |     25310 | NS      | $616045.40    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-02-26

**Name of Applicant:** ETF Series Solutions

**Signature:** /s/ Kristen Weitzel

**Name of Signer:** ETF Series Solutions

**Title:** Treasurer