# EDGAR Filing Document

**Accession Number:** 0001540305
**File Stem:** 0001145549-25-049898
**Filing Date:** 2025-7
**Character Count:** 16272
**Document Hash:** 9f93ab8454a601102252bbd5b51bdee1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-049898.hdr.sgml**: 20250730

**ACCESSION NUMBER**: 0001145549-25-049898

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250531

**FILED AS OF DATE**: 20250730

**DATE AS OF CHANGE**: 20250730

**PERIOD START**: 20250531

**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:** 251164806

**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

### ClearShares OCIO ETF (Series ID: S000057712)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000186111 | ClearShares OCIO ETF | OCIO            |

## 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:** ClearShares OCIO ETF

- **b. EDGAR series identifier (if any):** S000057712

- **c. LEI of Series:** 549300PGSA50ZWV95150

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

- **a. Date of fiscal year-end:** 2025-05-31

- **b. Date as of which information is reported:** 2025-05-31

**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:** $180627038.55

**Total Liabilities:** $31306722.98

**Net Assets:** $149320315.57

**Cash Not Reported:** $19892.07

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000186111 | -3.59%               | 0.50%                | 2.80%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $3084422.51              | $-8787396.00                               |
| Month 2  | $1271425.37              | $-569116.43                                |
| Month 3  | $1019449.52              | $3865809.56                                |

**Designated Index Information**

- **Index Name:** Fund's Securities Portfolio

- **Index Identifier:** VLV3XNC3S7

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Vanguard Total Bond Market ETF            | Vanguard Total Bond Market ETF                     | CUSIP: 921937835<br>LEI: N/A                  | Long             | EC               | RF                | US        |     39800 | NS      | $2896246.00   | 1.94%             |  |  |  | No            | 1                  | On Loan: No      |
| Vanguard Value ETF                        | Vanguard Value ETF                                 | CUSIP: 922908744<br>LEI: N/A                  | Long             | EC               | RF                | US        |     35178 | NS      | $6029157.42   | 4.04%             |  |  |  | No            | 1                  | On Loan: —       |
| Vanguard Total Stock Market ET            | Vanguard Total Stock Market ETF                    | CUSIP: 922908769<br>LEI: N/A                  | Long             | EC               | RF                | US        |     23186 | NS      | $6721157.68   | 4.50%             |  |  |  | No            | 1                  | On Loan: No      |
| Clearshares Ultra-Short Maturi            | Clearshares Ultra-Short Maturity ETF               | CUSIP: 26922A453<br>LEI: 5493008EIECR7GCU8I31 | Long             | EC               | RF                | US        |     60279 | NS      | $6036037.67   | 4.04%             |  |  |  | No            | 1                  | On Loan: No      |
| First American Government Obli            | First American Government Obligations Fund         | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |   1430720 | NS      | $1430720.36   | 0.96%             |  |  |  | No            | 1                  | On Loan: No      |
| Invesco QQQ Trust Series 1                | Invesco QQQ Trust Series 1                         | CUSIP: 46090E103<br>LEI: 549300VY6FEJBCIMET58 | Long             | EC               | RF                | US        |     17437 | NS      | $9051721.07   | 6.06%             |  |  |  | No            | 1                  | On Loan: —       |
| Invesco S&P 500 Equal Weight E            | Invesco S&P 500 Equal Weight ETF                   | CUSIP: 46137V357<br>LEI: 549300F8VBQFIX481R47 | Long             | EC               | RF                | US        |     12645 | NS      | $2230957.35   | 1.49%             |  |  |  | No            | 1                  | On Loan: No      |
| iShares TIPS Bond ETF                     | iShares TIPS Bond ETF                              | CUSIP: 464287176<br>LEI: 549300EHD1VQKMRQ0829 | Long             | EC               | RF                | US        |     64900 | NS      | $7092921.00   | 4.75%             |  |  |  | No            | 1                  | On Loan: No      |
| iShares Core S&P 500 ETF                  | iShares Core S&P 500 ETF                           | CUSIP: 464287200<br>LEI: 5493007M4YMN8XL48C14 | Long             | EC               | RF                | US        |     10878 | NS      | $6441407.70   | 4.31%             |  |  |  | No            | 1                  | On Loan: No      |
| iShares Core U.S. Aggregate Bo            | iShares Core U.S. Aggregate Bond ETF               | CUSIP: 464287226<br>LEI: 549300F7VSXTKBGHJE47 | Long             | EC               | RF                | US        |     33570 | NS      | $3293217.00   | 2.21%             |  |  |  | No            | 1                  | On Loan: —       |
| iShares 1-3 Year Treasury Bond            | iShares 1-3 Year Treasury Bond ETF                 | CUSIP: 464287457<br>LEI: 549300W0WX9TL4G6HM56 | Long             | EC               | RF                | US        |     77141 | NS      | $6375703.65   | 4.27%             |  |  |  | No            | 1                  | On Loan: No      |
| iShares MSCI EAFE ETF                     | iShares MSCI EAFE ETF                              | CUSIP: 464287465<br>LEI: 549300O0XO3KDQV68404 | Long             | EC               | RF                | US        |     70000 | NS      | $6216700.00   | 4.16%             |  |  |  | No            | 1                  | On Loan: No      |
| iShares Russell Mid-Cap Growth            | iShares Russell Mid-Cap Growth ETF                 | CUSIP: 464287481<br>LEI: 5493004I787UFE6AN650 | Long             | EC               | RF                | US        |     34197 | NS      | $4546149.18   | 3.04%             |  |  |  | No            | 1                  | On Loan: No      |
| iShares Intermediate Governmen            | iShares Intermediate Government/Credit Bond ETF    | CUSIP: 464288612<br>LEI: 549300USOBX01WS0GK74 | Long             | EC               | RF                | US        |     44109 | NS      | $4675554.00   | 3.13%             |  |  |  | No            | 1                  | On Loan: No      |
| iShares 3-7 Year Treasury Bond            | iShares 3-7 Year Treasury Bond ETF                 | CUSIP: 464288661<br>LEI: 549300BUGBHWMFPSNL42 | Long             | EC               | RF                | US        |     60000 | NS      | $7091400.00   | 4.75%             |  |  |  | No            | 1                  | On Loan: —       |
| iShares 0-5 Year TIPS Bond ETF            | iShares 0-5 Year TIPS Bond ETF                     | CUSIP: 46429B747<br>LEI: 549300GIWSEGOQLZR212 | Long             | EC               | RF                | US        |     50000 | NS      | $5135500.00   | 3.44%             |  |  |  | No            | 1                  | On Loan: No      |
| iShares MSCI Emerging Markets             | iShares MSCI Emerging Markets ex China ETF         | CUSIP: 46434G764<br>LEI: 549300OO3LEZN53XCB15 | Long             | EC               | RF                | US        |     18642 | NS      | $1104352.08   | 0.74%             |  |  |  | No            | 1                  | On Loan: No      |
| iShares Currency Hedged MSCI E            | iShares Currency Hedged MSCI EAFE ETF              | CUSIP: 46434V803<br>LEI: 549300W1V5QT6T1KPB54 | Long             | EC               | RF                | US        |    134641 | NS      | $5085390.57   | 3.41%             |  |  |  | No            | 1                  | On Loan: —       |
| SPDR S&P 500 ETF Trust                    | SPDR S&P 500 ETF Trust                             | CUSIP: 78462F103<br>LEI: 549300NZAMSJ8FXPQQ63 | Long             | EC               | RF                | US        |     11177 | NS      | $6587612.03   | 4.41%             |  |  |  | No            | 1                  | On Loan: No      |
| SPDR Portfolio S&P 1500 Compos            | SPDR Portfolio S&P 1500 Composite Stock Market ETF | CUSIP: 78464A805<br>LEI: 549300JAJ4RW35D8TD75 | Long             | EC               | RF                | US        |    101462 | NS      | $7256562.24   | 4.86%             |  |  |  | No            | 1                  | On Loan: —       |
| SPDR Bloomberg 3-12 Month T-Bi            | SPDR Bloomberg 3-12 Month T-Bill ETF               | CUSIP: 78468R523<br>LEI: 549300KSPVYDNRIJIN54 | Long             | EC               | RF                | US        |     50000 | NS      | $4972000.00   | 3.33%             |  |  |  | No            | 1                  | On Loan: No      |
| SPDR Bloomberg 1-3 Month T-Bil            | SPDR Bloomberg 1-3 Month T-Bill ETF                | CUSIP: 78468R663<br>LEI: 549300GQCVCME1YJ6B50 | Long             | EC               | RF                | US        |     43825 | NS      | $4020505.50   | 2.69%             |  |  |  | No            | 1                  | On Loan: No      |
| Schwab International Equity ET            | Schwab International Equity ETF                    | CUSIP: 808524805<br>LEI: 5493003PP4X6ZGIBL520 | Long             | EC               | RF                | US        |    236000 | NS      | $5090520.00   | 3.41%             |  |  |  | No            | 1                  | On Loan: —       |
| Conductor Global Equity Value             | Conductor Global Equity Value ETF                  | CUSIP: 90214Q584<br>LEI: 549300SM234SHZO4HN34 | Long             | EC               | RF                | US        |     55202 | NS      | $735842.66    | 0.49%             |  |  |  | No            | 1                  | On Loan: —       |
| Vanguard FTSE Developed Market            | Vanguard FTSE Developed Markets ETF                | CUSIP: 921943858<br>LEI: N/A                  | Long             | EC               | RF                | US        |    144300 | NS      | $8020194.00   | 5.37%             |  |  |  | No            | 1                  | On Loan: —       |
| Vanguard FTSE Emerging Markets            | Vanguard FTSE Emerging Markets ETF                 | CUSIP: 922042858<br>LEI: N/A                  | Long             | EC               | RF                | US        |     87140 | NS      | $4095580.00   | 2.74%             |  |  |  | No            | 1                  | On Loan: —       |
| Vanguard Short-Term Corporate             | Vanguard Short-Term Corporate Bond ETF             | CUSIP: 92206C409<br>LEI: N/A                  | Long             | EC               | RF                | US        |     23803 | NS      | $1882579.27   | 1.26%             |  |  |  | No            | 1                  | On Loan: No      |
| Vanguard S&P 500 ETF                      | Vanguard S&P 500 ETF                               | CUSIP: 922908363<br>LEI: N/A                  | Long             | EC               | RF                | US        |     11154 | NS      | $6042791.04   | 4.05%             |  |  |  | No            | 1                  | On Loan: No      |
| Vanguard Growth ETF                       | Vanguard Growth ETF                                | CUSIP: 922908736<br>LEI: N/A                  | Long             | EC               | RF                | US        |     22469 | NS      | $9282842.66   | 6.22%             |  |  |  | No            | 1                  | On Loan: No      |
| Mount Vernon Liquid Assets Portfolio, LLC | Mount Vernon Liquid Assets Portfolio, LLC          | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | PF                | US        |  31157476 | NS      | $31157475.50  | 20.87%            |  |  |  | No            | N/A                | On Loan: No      |
| N/A                                       | iShares MSCI EAFE ETF                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -700 | NC      | $-46200.00    | -0.03%            |  |  |  | No            | 2                  | On Loan: No      |
| N/A                                       | Invesco QQQ Trust Series 1                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -174 | NC      | $-7656.00     | -0.01%            |  |  |  | No            | 2                  | On Loan: No      |
| N/A                                       | SPDR S&P 500 ETF Trust                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -51 | NC      | $-867.00      | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| N/A                                       | Vanguard Short-Term Corporate Bond ETF             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -238 | NC      | $-4165.00     | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| N/A                                       | Vanguard S&P 500 ETF                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -111 | NC      | $-4162.50     | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| N/A                                       | Vanguard Total Stock Market ETF                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -231 | NC      | $-8662.50     | -0.01%            |  |  |  | No            | 2                  | On Loan: No      |
| N/A                                       | Vanguard Growth ETF                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -224 | NC      | $-9520.00     | -0.01%            |  |  |  | No            | 2                  | On Loan: No      |

### Signature

**Date Signed:** 2025-07-29

**Name of Applicant:** ETF Series Solutions

**Signature:** /s/ Kristen Weitzel

**Name of Signer:** ETF Series Solutions

**Title:** Treasurer