# EDGAR Filing Document

**Accession Number:** 0001540305
**File Stem:** 0000894189-26-009880
**Filing Date:** 2026-3
**Character Count:** 26769
**Document Hash:** 940fa592bbe842c08ff1693b1cae20b0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-26-009880.hdr.sgml**: 20260331

**ACCESSION NUMBER**: 0000894189-26-009880

**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:** 26815153

**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 SAWGRASS U.S. LARGE CAP QUALITY GROWTH ETF (Series ID: S000085983)

| Class ID   | Class Name                                     | Ticker Symbol   |
|:---|:---|:---|
| C000251383 | AAM SAWGRASS U.S. LARGE CAP QUALITY GROWTH ETF | SAWG            |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **AAM Sawgrass U.S. Large Cap Quality Growth ETF** | **AAM Sawgrass U.S. Large Cap Quality Growth ETF** | **AAM Sawgrass U.S. Large Cap Quality Growth ETF** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **January 31, 2026 (Unaudited)** | **January 31, 2026 (Unaudited)** | **January 31, 2026 (Unaudited)** |
| **COMMON STOCKS - 99.3%** | **Shares** | **Value**  |
| **Communication Services - 9.7%** | **Communication Services - 9.7%** | |
| Alphabet, Inc. - Class A | 322 | $108836 |
| Comcast Corp. - Class A | 832 | 24752 |
| Meta Platforms, Inc. - Class A | 113 | 80964 |
|  |  | 214552 |
| **Consumer Discretionary - 8.9%** | **Consumer Discretionary - 8.9%** |  |
| Amazon.com, Inc. <sup>(a)</sup> | 426 | 101942 |
| AutoZone, Inc. <sup>(a)</sup> | 17 | 62973 |
| McDonald's Corp. | 102 | 32130 |
|  |  | 197045 |
| **Consumer Staples - 3.7%** | **Consumer Staples - 3.7%** |  |
| Keurig Dr Pepper, Inc. | 1891 | 51889 |
| Procter & Gamble Co. | 196 | 29747 |
|  |  | 81636 |
| **Financials - 10.3%** | **Financials - 10.3%** |  |
| Brown & Brown, Inc. | 311 | 22423 |
| Cboe Global Markets, Inc. | 192 | 50891 |
| CME Group, Inc. | 210 | 60703 |
| Mastercard, Inc. - Class A | 90 | 48491 |
| S&P Global, Inc. | 35 | 18473 |
| Visa, Inc. - Class A | 82 | 26390 |
|  |  | 227371 |
| **Health Care - 13.9%** | **Health Care - 13.9%** |  |
| Danaher Corp. | 122 | 26705 |
| Eli Lilly & Co. | 74 | 76749 |
| Exelixis, Inc. <sup>(a)</sup> | 1454 | 60137 |
| Incyte Corp. <sup>(a)</sup> | 567 | 56740 |
| United Therapeutics Corp. <sup>(a)(b)</sup> | 114 | 53522 |
| Zoetis, Inc. | 282 | 35199 |
|  |  | 309052 |
| **Industrials - 8.9%** | **Industrials - 8.9%** |  |
| AMETEK, Inc. | 181 | 40541 |
| Copart, Inc. <sup>(a)</sup> | 742 | 30110 |
| Equifax, Inc. <sup>(b)</sup> | 174 | 35044 |
| HEICO Corp. | 85 | 28127 |
| Union Pacific Corp. | 162 | 38086 |
| Verisk Analytics, Inc. | 117 | 25443 |
|  |  | 197351 |
| **Information Technology - 43.9% <sup>(c)</sup>** | **Information Technology - 43.9% <sup>(c)</sup>** |  |
| Advanced Micro Devices, Inc. <sup>(a)</sup> | 177 | 41901 |
| Amphenol Corp. - Class A <sup>(b)</sup> | 248 | 35732 |
| Apple, Inc. | 507 | 131556 |
| Applied Materials, Inc. | 117 | 37712 |
| Arista Networks, Inc. <sup>(a)(b)</sup> | 239 | 33876 |
| Autodesk, Inc. <sup>(a)</sup> | 139 | 35149 |
| Broadcom, Inc. | 217 | 71892 |
| Cadence Design Systems, Inc. <sup>(a)</sup> | 116 | 34378 |
| Cisco Systems, Inc. | 295 | 23104 |
| Fortinet, Inc. <sup>(a)</sup> | 581 | 47212 |
| KLA Corp. | 28 | 39982 |
| Microsoft Corp. | 381 | 163941 |
| NVIDIA Corp. | 711 | 135893 |
| QUALCOMM, Inc. <sup>(b)</sup> | 238 | 36078 |
| Roper Technologies, Inc. | 81 | 30070 |
| VeriSign, Inc. | 191 | 46648 |
| Workday, Inc. - Class A <sup>(a)</sup> | 167 | 29330 |
|  |  | 974454 |
| **TOTAL COMMON STOCKS** (Cost $2,004,401) | **TOTAL COMMON STOCKS** (Cost $2,004,401) | 2201461 |
| **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** |
| **INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 8.6%** | **Units** | **Value**  |
| Mount Vernon Liquid Assets Portfolio, LLC, 3.77% <sup>(d)</sup> | 191460 | 191460 |
| **TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING** (Cost $191,460) | **TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING** (Cost $191,460) | 191460 |
| **MONEY MARKET FUNDS - 0.7%** | **Shares** | **Value**  |
| Invesco Government & Agency Portfolio - Institutional Class, 3.61% <sup>(d)</sup> | 15660 | 15660 |
| **TOTAL MONEY MARKET FUNDS** (Cost $15,660) | **TOTAL MONEY MARKET FUNDS** (Cost $15,660) | 15660 |
| **TOTAL INVESTMENTS - 108.6% (**Cost $2,211,521**)** | **TOTAL INVESTMENTS - 108.6% (**Cost $2,211,521**)** | 2408581 |
| Liabilities in Excess of Other Assets - (8.6)% | Liabilities in Excess of Other Assets - (8.6)% | (191644) |
| **TOTAL NET ASSETS - 100.0%** |  | $2216937 |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. |  |

---

---

| |
|:---|
| LLC - Limited Liability Company |
| The Global Industry Classification Standard ("GICS<sup>®</sup>") was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") and Standard & Poor's Financial Services LLC ("S&P"). GICS<sup>®</sup> is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services. |

---

(a) Non-income producing security.

(b) All or a portion of this security is on loan as of January 31, 2026. The fair value of these securities was $184,229.

(c) To the extent that the Fund invests more heavily in a particular industry or sector of the economy, its performance will be especially sensitive to developments that significantly affect those industries or sectors.

(d) 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 Sawgrass U.S. Large Cap Quality Growth 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;Common Stocks | $2201461 | $– | $– | $2201461 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Investments Purchased with Proceeds from Securities Lending<sup>(a)</sup> | – | – | – | 191460 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Money Market Funds | 15660 | – | – | 15660 |
| Total Investments | $2217121 | $– | $– | $2408581 |
| 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. |

---

(a) Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amount of
 $191,460 presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts listed in the Schedule of Investments.

## 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 Sawgrass U.S. Large Cap Quality Growth ETF

- **b. EDGAR series identifier (if any):** S000085983

- **c. LEI of Series:** 529900B7014YK87DRG88

**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:** $2409323.24

**Total Liabilities:** $192388.40

**Net Assets:** $2216934.84

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000251383 | -0.03%               | -1.02%               | -0.08%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $24363.95                | $-28128.91                                 |
| Month 2  | $89417.95                | $-114555.98                                |
| Month 3  | $-3833.21                | $1611.07                                   |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Brown & Brown Inc                         | Brown & Brown Inc                         | CUSIP: 115236101<br>LEI: 549300PC8KTJ71XKFY89 | Long             | EC               | CORP              | US        |       311 | NS      | $22423.10     | 1.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Cadence Design Systems Inc                | Cadence Design Systems Inc                | CUSIP: 127387108<br>LEI: GCT7RXJOGLXPV0NXZY22 | Long             | EC               | CORP              | US        |       116 | NS      | $34377.76     | 1.55%             |  |  |  | No            | 1                  | On Loan: No      |
| Cboe Global Markets Inc                   | Cboe Global Markets Inc                   | CUSIP: 12503M108<br>LEI: 529900RLNSGA90UPEH54 | Long             | EC               | CORP              | US        |       192 | NS      | $50891.52     | 2.30%             |  |  |  | No            | 1                  | On Loan: No      |
| CME Group Inc                             | CME Group Inc                             | CUSIP: 12572Q105<br>LEI: LCZ7XYGSLJUHFXXNXD88 | Long             | EC               | CORP              | US        |       210 | NS      | $60702.60     | 2.74%             |  |  |  | No            | 1                  | On Loan: No      |
| Cisco Systems Inc                         | Cisco Systems Inc                         | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |       295 | NS      | $23104.40     | 1.04%             |  |  |  | No            | 1                  | On Loan: No      |
| Zoetis Inc                                | Zoetis Inc                                | CUSIP: 98978V103<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | EC               | CORP              | US        |       282 | NS      | $35199.24     | 1.59%             |  |  |  | No            | 1                  | On Loan: No      |
| KLA Corp                                  | KLA Corp                                  | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |        28 | NS      | $39982.32     | 1.80%             |  |  |  | No            | 1                  | On Loan: No      |
| Mastercard Inc                            | Mastercard Inc                            | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |        90 | NS      | $48491.10     | 2.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Advanced Micro Devices Inc                | Advanced Micro Devices Inc                | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               | CORP              | US        |       177 | NS      | $41901.21     | 1.89%             |  |  |  | No            | 1                  | On Loan: No      |
| Alphabet Inc                              | Alphabet Inc                              | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |       322 | NS      | $108836.00    | 4.91%             |  |  |  | No            | 1                  | On Loan: No      |
| Amazon.com Inc                            | Amazon.com Inc                            | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |       426 | NS      | $101941.80    | 4.60%             |  |  |  | No            | 1                  | On Loan: No      |
| AMETEK Inc                                | AMETEK Inc                                | CUSIP: 031100100<br>LEI: 549300WZDEF9KKE40E98 | Long             | EC               | CORP              | US        |       181 | NS      | $40540.38     | 1.83%             |  |  |  | No            | 1                  | On Loan: No      |
| Amphenol Corp                             | Amphenol Corp                             | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Long             | EC               | CORP              | US        |       248 | NS      | $35731.84     | 1.61%             |  |  |  | No            | 1                  | On Loan: —       |
| Apple Inc                                 | Apple Inc                                 | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |       507 | NS      | $131556.36    | 5.93%             |  |  |  | No            | 1                  | On Loan: No      |
| Applied Materials Inc                     | Applied Materials Inc                     | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | EC               | CORP              | US        |       117 | NS      | $37711.44     | 1.70%             |  |  |  | No            | 1                  | On Loan: No      |
| Arista Networks Inc                       | Arista Networks Inc                       | CUSIP: 040413205<br>LEI: 635400H1WKBLOQERUU95 | Long             | EC               | CORP              | US        |       239 | NS      | $33875.86     | 1.53%             |  |  |  | No            | 1                  | On Loan: —       |
| Autodesk Inc                              | Autodesk Inc                              | CUSIP: 052769106<br>LEI: FRKKVKAIQEF3FCSTPG55 | Long             | EC               | CORP              | US        |       139 | NS      | $35148.93     | 1.59%             |  |  |  | No            | 1                  | On Loan: No      |
| AutoZone Inc                              | AutoZone Inc                              | CUSIP: 053332102<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | EC               | CORP              | US        |        17 | NS      | $62972.93     | 2.84%             |  |  |  | No            | 1                  | On Loan: No      |
| Broadcom Inc                              | Broadcom Inc                              | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |       217 | NS      | $71892.10     | 3.24%             |  |  |  | No            | 1                  | On Loan: No      |
| HEICO Corp                                | HEICO Corp                                | CUSIP: 422806109<br>LEI: 529900O1DTDLCJ7L0I14 | Long             | EC               | CORP              | US        |        85 | NS      | $28127.35     | 1.27%             |  |  |  | No            | 1                  | On Loan: No      |
| Incyte Corp                               | Incyte Corp                               | CUSIP: 45337C102<br>LEI: 549300Z4WN6JVZ3T4680 | Long             | EC               | CORP              | US        |       567 | NS      | $56739.69     | 2.56%             |  |  |  | No            | 1                  | On Loan: No      |
| Keurig Dr Pepper Inc                      | Keurig Dr Pepper Inc                      | CUSIP: 49271V100<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | EC               | CORP              | US        |      1891 | NS      | $51889.04     | 2.34%             |  |  |  | No            | 1                  | On Loan: No      |
| Invesco Government & Agency Po            | Invesco Government & Agency Portfolio     | CUSIP: 825252885<br>LEI: 5493007T1J7WZ5QI1A47 | Long             | STIV             | RF                | US        |     15660 | NS      | $15659.99     | 0.71%             | 2031-12-31      | Fixed         | 0.06%                 | No            | 1                  | On Loan: No      |
| Comcast Corp                              | Comcast Corp                              | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |       832 | NS      | $24752.00     | 1.12%             |  |  |  | No            | 1                  | On Loan: No      |
| Copart Inc                                | Copart Inc                                | CUSIP: 217204106<br>LEI: 549300KVYX3JWMYEHU61 | Long             | EC               | CORP              | US        |       742 | NS      | $30110.36     | 1.36%             |  |  |  | No            | 1                  | On Loan: No      |
| Danaher Corp                              | Danaher Corp                              | CUSIP: 235851102<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | EC               | CORP              | US        |       122 | NS      | $26704.58     | 1.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Equifax Inc                               | Equifax Inc                               | CUSIP: 294429105<br>LEI: 5493004MCF8JDC86VS77 | Long             | EC               | CORP              | US        |       174 | NS      | $35043.60     | 1.58%             |  |  |  | No            | 1                  | On Loan: —       |
| Exelixis Inc                              | Exelixis Inc                              | CUSIP: 30161Q104<br>LEI: 254900PJQB59O2O95R37 | Long             | EC               | CORP              | US        |      1454 | NS      | $60137.44     | 2.71%             |  |  |  | No            | 1                  | On Loan: No      |
| Meta Platforms Inc                        | Meta Platforms Inc                        | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |       113 | NS      | $80964.50     | 3.65%             |  |  |  | No            | 1                  | On Loan: No      |
| Fortinet Inc                              | Fortinet Inc                              | CUSIP: 34959E109<br>LEI: 549300O0QJWDBAS0QX03 | Long             | EC               | CORP              | US        |       581 | NS      | $47212.06     | 2.13%             |  |  |  | No            | 1                  | On Loan: No      |
| Eli Lilly & Co                            | Eli Lilly & Co                            | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |        74 | NS      | $76749.10     | 3.46%             |  |  |  | No            | 1                  | On Loan: No      |
| McDonald's Corp                           | McDonald's Corp                           | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               | CORP              | US        |       102 | NS      | $32130.00     | 1.45%             |  |  |  | No            | 1                  | On Loan: No      |
| Microsoft Corp                            | Microsoft Corp                            | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |       381 | NS      | $163940.49    | 7.39%             |  |  |  | No            | 1                  | On Loan: No      |
| NVIDIA Corp                               | NVIDIA Corp                               | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |       711 | NS      | $135893.43    | 6.13%             |  |  |  | No            | 1                  | On Loan: No      |
| Procter & Gamble Co/The                   | Procter & Gamble Co/The                   | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |       196 | NS      | $29746.92     | 1.34%             |  |  |  | No            | 1                  | On Loan: No      |
| QUALCOMM Inc                              | QUALCOMM Inc                              | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |       238 | NS      | $36078.42     | 1.63%             |  |  |  | No            | 1                  | On Loan: —       |
| Roper Technologies Inc                    | Roper Technologies Inc                    | CUSIP: 776696106<br>LEI: 54930003T4SXCIWVXY35 | Long             | EC               | CORP              | US        |        81 | NS      | $30069.63     | 1.36%             |  |  |  | No            | 1                  | On Loan: No      |
| S&P Global Inc                            | S&P Global Inc                            | CUSIP: 78409V104<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | EC               | CORP              | US        |        35 | NS      | $18472.65     | 0.83%             |  |  |  | No            | 1                  | On Loan: No      |
| Union Pacific Corp                        | Union Pacific Corp                        | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |       162 | NS      | $38086.20     | 1.72%             |  |  |  | No            | 1                  | On Loan: No      |
| United Therapeutics Corp                  | United Therapeutics Corp                  | CUSIP: 91307C102<br>LEI: 5299005C4HZL4UWROC14 | Long             | EC               | CORP              | US        |       114 | NS      | $53521.86     | 2.41%             |  |  |  | No            | 1                  | On Loan: —       |
| VeriSign Inc                              | VeriSign Inc                              | CUSIP: 92343E102<br>LEI: LMPL4N8ZOJRMF0KOF759 | Long             | EC               | CORP              | US        |       191 | NS      | $46647.93     | 2.10%             |  |  |  | No            | 1                  | On Loan: No      |
| Verisk Analytics Inc                      | Verisk Analytics Inc                      | CUSIP: 92345Y106<br>LEI: 549300I1YSWNIRKBWP67 | Long             | EC               | CORP              | US        |       117 | NS      | $25442.82     | 1.15%             |  |  |  | No            | 1                  | On Loan: No      |
| Visa Inc                                  | Visa Inc                                  | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |        82 | NS      | $26390.06     | 1.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Workday Inc                               | Workday Inc                               | CUSIP: 98138H101<br>LEI: 549300J0DYC0N31V7G13 | Long             | EC               | CORP              | US        |       167 | NS      | $29330.21     | 1.32%             |  |  |  | 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        |    191460 | NS      | $191459.75    | 8.64%             |  |  |  | No            | N/A                | 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