# EDGAR Filing Document

**Accession Number:** 0001540305
**File Stem:** 0001145549-23-013813
**Filing Date:** 2023-2
**Character Count:** 6744
**Document Hash:** 1f1c0cf36028dab8b9113904e0df5b4f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-23-013813.hdr.sgml**: 20230228

**ACCESSION NUMBER**: 0001145549-23-013813

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230228

**DATE AS OF CHANGE**: 20230228

**PERIOD START**: 20221231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ETF Series Solutions
- **CENTRAL INDEX KEY:** 0001540305
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1112

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22668
- **FILM NUMBER:** 23687085

**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

### LHA Market State Tactical Beta ETF (Series ID: S000069542)

| Class ID   | Class Name                         | Ticker Symbol   |
|:---|:---|:---|
| C000221894 | LHA Market State Tactical Beta ETF | MSTB            |

## 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:** LHA Market State Tactical Beta ETF

- **b. EDGAR series identifier (if any):** S000069542

- **c. LEI of Series:** 549300J7TS7FC4GG7Z81

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

- **a. Date of fiscal year-end:** 2022-12-31

- **b. Date as of which information is reported:** 2022-12-31

**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:** $189629093.36

**Total Liabilities:** $13162849.37

**Net Assets:** $176466243.99

**Cash Not Reported:** $1697395.84

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000221894 | 5.76%                | 4.64%                | -6.14%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-524449.50              | $10017808.85                               |
| Month 2  | $89605.20                | $7032411.23                                |
| Month 3  | $-483901.09              | $-7784441.00                               |

**Designated Index Information**

- **Index Name:** S&P 500 Total Return Index

- **Index Identifier:** SPTR

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| First American Treasury Obliga | First American Treasury Obligations Fund   | CUSIP: 31846V328<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   8468688 | NS      | $8468687.79   | 4.80%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Government Obli | First American Government Obligations Fund | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |   8468688 | NS      | $8468687.80   | 4.80%             |  |  |  | No            |                  1 | On Loan: No      |
| SPDR S&P 500 ETF Trust         | SPDR S&P 500 ETF Trust                     | CUSIP: 78462F103<br>LEI: 549300NZAMSJ8FXPQQ63 | Long             | EC               | RF                | US        |    312831 | NS      | $119635959.33 | 67.80%            |  |  |  | No            |                  1 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill                | CUSIP: 912796S34<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  28566000 | PA      | $28495270.30  | 16.15%            | 2023-01-26      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill                | CUSIP: 912796XY0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  19092000 | PA      | $18577622.00  | 10.53%            | 2023-08-10      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                            | S&P500 EMINI FUT  Mar23                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       209 | NC      | $-2784925.67  | -1.58%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | SPDR S&P 500 ETF Trust                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     -1000 | NC      | $-500.01      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | CBOE VIX FUTURE   Jan23                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       247 | NC      | $-422652.18   | -0.24%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | CBOE VIX FUTURE   Feb23                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       127 | NC      | $-13552.50    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-02-23

**Name of Applicant:** ETF Series Solutions

**Signature:** /s/ Kristen Weitzel

**Name of Signer:** ETF Series Solutions

**Title:** Treasurer