# EDGAR Filing Document

**Accession Number:** 0001540305
**File Stem:** 0000894189-26-009756
**Filing Date:** 2026-3
**Character Count:** 25912
**Document Hash:** 42d538a31e6df3a0a0d2b287dc1f6a7f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-26-009756.hdr.sgml**: 20260330

**ACCESSION NUMBER**: 0000894189-26-009756

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260131

**FILED AS OF DATE**: 20260330

**DATE AS OF CHANGE**: 20260330

**PERIOD START**: 20260430

**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:** 26811725

**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

### Aptus Large Cap Enhanced Yield ETF (Series ID: S000080587)

| Class ID   | Class Name                         | Ticker Symbol   |
|:---|:---|:---|
| C000243096 | Aptus Large Cap Enhanced Yield ETF | DUBS            |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **Aptus Large Cap Enhanced Yield ETF** | **Aptus Large Cap Enhanced Yield ETF** | **Aptus Large Cap Enhanced Yield ETF** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **January 31, 2026 (Unaudited)** | **January 31, 2026 (Unaudited)** | **January 31, 2026 (Unaudited)** |
| **EXCHANGE TRADED FUNDS - 93.6%** | **Shares** | **Value**  |
| **Large Cap Core Equity - 93.6%** | **Large Cap Core Equity - 93.6%** | |
| BNY Mellon US Large Cap Core Equity ETF <sup>(a)</sup> | 527575 | $69798173 |
| State Street SPDR Portfolio S&P 500 ETF <sup>(a)(b)</sup> | 2326021 | 189338109 |
|  |  | 259136282 |
| **TOTAL EXCHANGE TRADED FUNDS** (Cost $258,806,350) | **TOTAL EXCHANGE TRADED FUNDS** (Cost $258,806,350) | 259136282 |
| **COMMON STOCKS - 0.0% <sup>(c)</sup>** | **Shares** | **Value**  |
| **Basic Materials - 0.0% <sup>(c)</sup>** | **Basic Materials - 0.0% <sup>(c)</sup>** |  |
| Southern Copper Corp. | 0<br> <sup>(d)</sup>  | 64 |
| **TOTAL COMMON STOCKS** (Cost $62) | **TOTAL COMMON STOCKS** (Cost $62) | 64 |
| **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** |
| **MONEY MARKET FUNDS - 0.0% <sup>(c)</sup>** | **Shares** | **Value**  |
| First American Treasury Obligations Fund - Class X, 3.60% <sup>(e)</sup> | 11448 | 11448 |
| **TOTAL MONEY MARKET FUNDS** (Cost $11,448) | **TOTAL MONEY MARKET FUNDS** (Cost $11,448) | 11448 |
| **TOTAL INVESTMENTS - 93.6% (**Cost $258,817,860**)** | **TOTAL INVESTMENTS - 93.6% (**Cost $258,817,860**)** | 259147794 |
| Other Assets in Excess of Liabilities - 6.4% <sup>(f)</sup> | Other Assets in Excess of Liabilities - 6.4% <sup>(f)</sup> | 17600016 |
| **TOTAL NET ASSETS - 100.0%** |  | $276747810 |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. |  |

---

(a) Fair value of this security exceeds 25% of the Fund's net assets. Additional information for this security, including the financial statements, is available from the SEC's EDGAR database at www.sec.gov.

(b) All or a portion of the security has been pledged as collateral for swap contracts. The fair value of assets committed as collateral as of January 31, 2026 was $162,800,000.

(c) Represents less than 0.05% of net assets.

(d) Rounds to zero.

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

(f) Includes cash of $12,695,841 that is pledged as collateral for swap contracts .

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Aptus Large Cap Enhanced Yield ETF** | **Aptus Large Cap Enhanced Yield ETF** | **Aptus Large Cap Enhanced Yield ETF** | **Aptus Large Cap Enhanced Yield ETF** | **Aptus Large Cap Enhanced Yield ETF** | **Aptus Large Cap Enhanced Yield ETF** | **Aptus Large Cap Enhanced Yield ETF** | **Aptus Large Cap Enhanced Yield ETF** | **Aptus Large Cap Enhanced Yield ETF** | **Aptus Large Cap Enhanced Yield ETF** |
| **Schedule of Total Return Swap Contracts** | **Schedule of Total Return Swap Contracts** | **Schedule of Total Return Swap Contracts** | **Schedule of Total Return Swap Contracts** | **Schedule of Total Return Swap Contracts** | **Schedule of Total Return Swap Contracts** | **Schedule of Total Return Swap Contracts** | **Schedule of Total Return Swap Contracts** | **Schedule of Total Return Swap Contracts** | **Schedule of Total Return Swap Contracts** |
| **January 31, 2026 (Unaudited)** | **January 31, 2026 (Unaudited)** | **January 31, 2026 (Unaudited)** | **January 31, 2026 (Unaudited)** | **January 31, 2026 (Unaudited)** | **January 31, 2026 (Unaudited)** | **January 31, 2026 (Unaudited)** | **January 31, 2026 (Unaudited)** | **January 31, 2026 (Unaudited)** | **January 31, 2026 (Unaudited)** |
| **Reference Entity** | **Counterparty** | **Pay/ Receive Reference Entity** | **Financing Rate** | **Payment Frequency** | **Maturity Date** | **Notional Amount** | **Notional Amount** | **Value/ Unrealized Appreciation (Depreciation)** | **Value/ Unrealized Appreciation (Depreciation)** |
| RCXTEVHT <sup>(a)</sup> | Goldman Sachs | Receive | EFFR | Termination | 01/05/2027 | $| 268886950 | $| 4811990 |
| RCXTEVHT <sup>(a)</sup> | Goldman Sachs | Receive | EFFR | Termination | 06/16/2027 |  | 3037830 |  | 17676 |
| RCXTEVHT <sup>(a)</sup> | Goldman Sachs | Receive | EFFR | Termination | 06/25/2027 |  | 7562845 |  | 20088 |
| **Net Unrealized Appreciation (Depreciation)** | **Net Unrealized Appreciation (Depreciation)** | **Net Unrealized Appreciation (Depreciation)** | **Net Unrealized Appreciation (Depreciation)** | **Net Unrealized Appreciation (Depreciation)** |  |  | 0 | $| 4849754 |
| There are no upfront payments or receipts associated with total return swaps in the Fund as of January 31, 2026. | There are no upfront payments or receipts associated with total return swaps in the Fund as of January 31, 2026. | There are no upfront payments or receipts associated with total return swaps in the Fund as of January 31, 2026. | There are no upfront payments or receipts associated with total return swaps in the Fund as of January 31, 2026. | There are no upfront payments or receipts associated with total return swaps in the Fund as of January 31, 2026. | There are no upfront payments or receipts associated with total return swaps in the Fund as of January 31, 2026. | There are no upfront payments or receipts associated with total return swaps in the Fund as of January 31, 2026. | There are no upfront payments or receipts associated with total return swaps in the Fund as of January 31, 2026. | There are no upfront payments or receipts associated with total return swaps in the Fund as of January 31, 2026. | There are no upfront payments or receipts associated with total return swaps in the Fund as of January 31, 2026. |
| EFFR - Effective Federal Funds Rate was 3.64% as of January 31, 2026. | EFFR - Effective Federal Funds Rate was 3.64% as of January 31, 2026. | EFFR - Effective Federal Funds Rate was 3.64% as of January 31, 2026. | EFFR - Effective Federal Funds Rate was 3.64% as of January 31, 2026. | EFFR - Effective Federal Funds Rate was 3.64% as of January 31, 2026. | EFFR - Effective Federal Funds Rate was 3.64% as of January 31, 2026. | EFFR - Effective Federal Funds Rate was 3.64% as of January 31, 2026. | EFFR - Effective Federal Funds Rate was 3.64% as of January 31, 2026. | EFFR - Effective Federal Funds Rate was 3.64% as of January 31, 2026. | EFFR - Effective Federal Funds Rate was 3.64% as of January 31, 2026. |
| (a) The Diversified Equity Volatility Harvesting Series ("RCXTEVHT" or the "Index") is a rules-based strategy that will add or subtract risk based on proprietary signals. The index generally is made up of Cboe Volatility Index ("VIX"), Nasdaq & S&P Index options, and VIX futures. As of January 31, 2026, the components of the Index are provided below. | (a) The Diversified Equity Volatility Harvesting Series ("RCXTEVHT" or the "Index") is a rules-based strategy that will add or subtract risk based on proprietary signals. The index generally is made up of Cboe Volatility Index ("VIX"), Nasdaq & S&P Index options, and VIX futures. As of January 31, 2026, the components of the Index are provided below. | (a) The Diversified Equity Volatility Harvesting Series ("RCXTEVHT" or the "Index") is a rules-based strategy that will add or subtract risk based on proprietary signals. The index generally is made up of Cboe Volatility Index ("VIX"), Nasdaq & S&P Index options, and VIX futures. As of January 31, 2026, the components of the Index are provided below. | (a) The Diversified Equity Volatility Harvesting Series ("RCXTEVHT" or the "Index") is a rules-based strategy that will add or subtract risk based on proprietary signals. The index generally is made up of Cboe Volatility Index ("VIX"), Nasdaq & S&P Index options, and VIX futures. As of January 31, 2026, the components of the Index are provided below. | (a) The Diversified Equity Volatility Harvesting Series ("RCXTEVHT" or the "Index") is a rules-based strategy that will add or subtract risk based on proprietary signals. The index generally is made up of Cboe Volatility Index ("VIX"), Nasdaq & S&P Index options, and VIX futures. As of January 31, 2026, the components of the Index are provided below. | (a) The Diversified Equity Volatility Harvesting Series ("RCXTEVHT" or the "Index") is a rules-based strategy that will add or subtract risk based on proprietary signals. The index generally is made up of Cboe Volatility Index ("VIX"), Nasdaq & S&P Index options, and VIX futures. As of January 31, 2026, the components of the Index are provided below. | (a) The Diversified Equity Volatility Harvesting Series ("RCXTEVHT" or the "Index") is a rules-based strategy that will add or subtract risk based on proprietary signals. The index generally is made up of Cboe Volatility Index ("VIX"), Nasdaq & S&P Index options, and VIX futures. As of January 31, 2026, the components of the Index are provided below. | (a) The Diversified Equity Volatility Harvesting Series ("RCXTEVHT" or the "Index") is a rules-based strategy that will add or subtract risk based on proprietary signals. The index generally is made up of Cboe Volatility Index ("VIX"), Nasdaq & S&P Index options, and VIX futures. As of January 31, 2026, the components of the Index are provided below. | (a) The Diversified Equity Volatility Harvesting Series ("RCXTEVHT" or the "Index") is a rules-based strategy that will add or subtract risk based on proprietary signals. The index generally is made up of Cboe Volatility Index ("VIX"), Nasdaq & S&P Index options, and VIX futures. As of January 31, 2026, the components of the Index are provided below. | (a) The Diversified Equity Volatility Harvesting Series ("RCXTEVHT" or the "Index") is a rules-based strategy that will add or subtract risk based on proprietary signals. The index generally is made up of Cboe Volatility Index ("VIX"), Nasdaq & S&P Index options, and VIX futures. As of January 31, 2026, the components of the Index are provided below. |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| The underlying components of the index as of January 31, 2026 are shown below: | The underlying components of the index as of January 31, 2026 are shown below: | The underlying components of the index as of January 31, 2026 are shown below: |  |  |
| **Description** | **Expiration** <br> **Date** | **Number of** <br> **Contracts Sold** | **Notional** <br> **Amount** | **Concentration** <br> **% of Exposure** |
| **Futures Contracts:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; VIX February 2026 | 02/18/2026 | 33618 | $640249 | 0.23% |
| &nbsp;&nbsp;&nbsp; VIX March 2026 | 03/18/2026 | 4088 | 81341 | 0.03% |
| **Total Futures Contracts** |  |  | 721590 | 0.26% |
| **Option Contracts:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Nasdaq-100 Weekly Index P24450 | 02/02/2026 | (106.64) | (283) | 0.00% |
| &nbsp;&nbsp;&nbsp; Nasdaq-100 Weekly Index P24550 | 02/02/2026 | (262.49) | (911) | 0.00% |
| &nbsp;&nbsp;&nbsp; Nasdaq-100 Weekly Index P24850 | 02/02/2026 | (132.78) | (1359) | 0.00% |
| &nbsp;&nbsp;&nbsp; Nasdaq-100 Weekly Index P24950 | 02/02/2026 | (703.51) | (10766) | 0.00% |
| &nbsp;&nbsp;&nbsp; S&P 500 Weekly Index P6690 | 02/02/2026 | (732.58) | (315) | 0.00% |
| &nbsp;&nbsp;&nbsp; S&P 500 Weekly Index P6740 | 02/02/2026 | (1816.00) | (1415) | 0.00% |
| &nbsp;&nbsp;&nbsp; S&P 500 Weekly Index P6755 | 02/02/2026 | (2121.71) | (2099) | 0.00% |
| &nbsp;&nbsp;&nbsp; S&P 500 Weekly Index P6810 | 02/02/2026 | (3637.35) | (10253) | -0.01% |
| &nbsp;&nbsp;&nbsp; Nasdaq-100 Weekly Index P24300 | 02/03/2026 | (174.99) | (1059) | 0.00% |
| &nbsp;&nbsp;&nbsp; Nasdaq-100 Weekly Index P24600 | 02/03/2026 | (264.00) | (3551) | 0.00% |
| &nbsp;&nbsp;&nbsp; Nasdaq-100 Weekly Index P24700 | 02/03/2026 | (106.22) | (1899) | 0.00% |
| &nbsp;&nbsp;&nbsp; Nasdaq-100 Weekly Index P24800 | 02/03/2026 | (131.63) | (3144) | 0.00% |
| &nbsp;&nbsp;&nbsp; S&P 500 Weekly Index P6695 | 02/03/2026 | (1210.67) | (1824) | 0.00% |
| &nbsp;&nbsp;&nbsp; S&P 500 Weekly Index P6720 | 02/03/2026 | (907.76) | (1834) | 0.00% |
| &nbsp;&nbsp;&nbsp; S&P 500 Weekly Index P6725 | 02/03/2026 | (729.10) | (1555) | 0.00% |
| &nbsp;&nbsp;&nbsp; S&P 500 Weekly Index P6750 | 02/03/2026 | (1818.68) | (5356) | 0.00% |
| &nbsp;&nbsp;&nbsp; Nasdaq-100 Weekly Index P24250 | 02/04/2026 | (131.24) | (1457) | 0.00% |
| &nbsp;&nbsp;&nbsp; Nasdaq-100 Weekly Index P24450 | 02/04/2026 | (176.00) | (3150) | 0.00% |
| &nbsp;&nbsp;&nbsp; Nasdaq-100 Weekly Index P24650 | 02/04/2026 | (105.31) | (3069) | 0.00% |
| &nbsp;&nbsp;&nbsp; S&P 500 Weekly Index P6670 | 02/04/2026 | (908.00) | (2000) | 0.00% |
| &nbsp;&nbsp;&nbsp; S&P 500 Weekly Index P6695 | 02/04/2026 | (726.21) | (2071) | 0.00% |
| &nbsp;&nbsp;&nbsp; S&P 500 Weekly Index P6715 | 02/04/2026 | (1212.45) | (4294) | 0.00% |
| &nbsp;&nbsp;&nbsp; Nasdaq-100 Weekly Index P24150 | 02/05/2026 | (105.00) | (1763) | 0.00% |
| &nbsp;&nbsp;&nbsp; Nasdaq-100 Weekly Index P24300 | 02/05/2026 | (132.00) | (3021) | 0.00% |
| &nbsp;&nbsp;&nbsp; S&P 500 Weekly Index P6640 | 02/05/2026 | (726.40) | (2221) | 0.00% |
| &nbsp;&nbsp;&nbsp; S&P 500 Weekly Index P6680 | 02/05/2026 | (909.34) | (4000) | 0.00% |
| &nbsp;&nbsp;&nbsp; Nasdaq-100 Weekly Index P24100 | 02/06/2026 | (105.60) | (2792) | 0.00% |
| &nbsp;&nbsp;&nbsp; S&P 500 Weekly Index P6645 | 02/06/2026 | (727.47) | (3943) | 0.00% |
| &nbsp;&nbsp;&nbsp; VIX Index C21 | 02/18/2026 | (29106.91) | (40793) | -0.02% |
| &nbsp;&nbsp;&nbsp; VIX Index C21.5 | 02/18/2026 | (79410.08) | (104530) | -0.04% |
| &nbsp;&nbsp;&nbsp; VIX Index C22 | 02/18/2026 | (103746.32) | (128853) | -0.05% |
| &nbsp;&nbsp;&nbsp; VIX Index C22.5 | 02/18/2026 | (61107.93) | (71771) | -0.03% |
| &nbsp;&nbsp;&nbsp; VIX Index C23 | 02/18/2026 | (113624.45) | (126824) | -0.05% |
| &nbsp;&nbsp;&nbsp; VIX Index C23.5 | 02/18/2026 | (69034.02) | (73280) | -0.03% |
| &nbsp;&nbsp;&nbsp; VIX Index C24 | 02/18/2026 | (68700.10) | (69490) | -0.03% |
| &nbsp;&nbsp;&nbsp; VIX Index C24.5 | 02/18/2026 | (76429.24) | (73869) | -0.03% |
| &nbsp;&nbsp;&nbsp; VIX Index C25 | 02/18/2026 | (100249.45) | (93633) | -0.03% |
| &nbsp;&nbsp;&nbsp; VIX Index C26 | 02/18/2026 | (63111.75) | (53466) | -0.02% |
| &nbsp;&nbsp;&nbsp; VIX Index C27 | 02/18/2026 | (67283.74) | (52706) | -0.02% |
| &nbsp;&nbsp;&nbsp; VIX Index C28 | 02/18/2026 | (10625.12) | (7724) | 0.00% |
| &nbsp;&nbsp;&nbsp; VIX Index C30 | 02/18/2026 | (15874.67) | (10075) | 0.00% |
| &nbsp;&nbsp;&nbsp; VIX Index C31 | 02/18/2026 | (652.15) | (388) | 0.00% |
| &nbsp;&nbsp;&nbsp; VIX Index C37 | 02/18/2026 | 203082.39 | 88138 | 0.03% |
| &nbsp;&nbsp;&nbsp; VIX Index C40 | 02/18/2026 | 132394.90 | 50266 | 0.02% |
| &nbsp;&nbsp;&nbsp; VIX Index C42.5 | 02/18/2026 | 161847.04 | 55028 | 0.02% |
| &nbsp;&nbsp;&nbsp; VIX Index C45 | 02/18/2026 | 222276.39 | 68572 | 0.02% |
| &nbsp;&nbsp;&nbsp; VIX Index C47.5 | 02/18/2026 | 103390.93 | 28949 | 0.01% |
| &nbsp;&nbsp;&nbsp; VIX Index C50 | 02/18/2026 | 29918.92 | 7629 | 0.00% |
| &nbsp;&nbsp;&nbsp; VIX Index C55 | 02/18/2026 | 4088.93 | 839 | 0.00% |
| &nbsp;&nbsp;&nbsp; VIX Index C60 | 02/18/2026 | 1956.45 | 327 | 0.00% |
| &nbsp;&nbsp;&nbsp; VIX Index C24 | 03/18/2026 | (1978.05) | (3569) | 0.00% |
| &nbsp;&nbsp;&nbsp; VIX Index C24.5 | 03/18/2026 | (17114.06) | (29679) | -0.01% |
| &nbsp;&nbsp;&nbsp; VIX Index C25 | 03/18/2026 | (7324.11) | (12192) | 0.00% |
| &nbsp;&nbsp;&nbsp; VIX Index C26 | 03/18/2026 | (5808.31) | (9027) | 0.00% |
| &nbsp;&nbsp;&nbsp; VIX Index C27 | 03/18/2026 | (20607.91) | (29864) | -0.01% |
| &nbsp;&nbsp;&nbsp; VIX Index C29 | 03/18/2026 | (5808.31) | (7488) | 0.00% |
| &nbsp;&nbsp;&nbsp; VIX Index C30 | 03/18/2026 | (20607.91) | (25039) | -0.01% |
| &nbsp;&nbsp;&nbsp; VIX Index C50 | 03/18/2026 | 67856.24 | 35941 | 0.01% |
| &nbsp;&nbsp;&nbsp; VIX Index C55 | 03/18/2026 | 11392.42 | 5070 | 0.00% |
| **Total Options Contracts** |  |  | (764905) | -0.28% |
| **Cash** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Cash |  |  | 279530940 | 100.02% |
| **Total Underlying Positions** |  |  | $279487625 | 100.00% |

---

------

#### <br>

#### Summary of Fair Value Disclosure as of January 31, 2026 (Unaudited)
Aptus Large Cap Enhanced Yield 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;Exchange Traded Funds | $259136282 | $– | $– | $259136282 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | 64 | – | – | 64 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Money Market Funds | 11448 | – | – | 11448 |
| Total Investments | $259147794 | $– | $– | $259147794 |
| <u>Other Financial Instruments:</u> |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Total Return Swaps\* | $– | $4849754 | $– | $4849754 |
| Total Other Financial Instruments | $– | $4849754 | $– | $4849754 |
| \* The fair value of the Fund's investment represents the unrealized appreciation (depreciation) as of January 31, 2026. | \* The fair value of the Fund's investment represents the unrealized appreciation (depreciation) as of January 31, 2026. | \* The fair value of the Fund's investment represents the unrealized appreciation (depreciation) as of January 31, 2026. | \* The fair value of the Fund's investment represents the unrealized appreciation (depreciation) as of January 31, 2026. | \* The fair value of the Fund's investment represents the unrealized appreciation (depreciation) as of January 31, 2026. |
| Refer to the Schedule of Investments and Schedule of Total Return Swap Contracts for further disaggregation of investment categories. | Refer to the Schedule of Investments and Schedule of Total Return Swap Contracts for further disaggregation of investment categories. | Refer to the Schedule of Investments and Schedule of Total Return Swap Contracts for further disaggregation of investment categories. | Refer to the Schedule of Investments and Schedule of Total Return Swap Contracts for further disaggregation of investment categories. | Refer to the Schedule of Investments and Schedule of Total Return Swap Contracts 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:** Aptus Large Cap Enhanced Yield ETF

- **b. EDGAR series identifier (if any):** S000080587

- **c. LEI of Series:** 5493000IHZ157ZCYXU69

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

- **a. Date of fiscal year-end:** 2026-04-30

- **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:** $276841732.89

**Total Liabilities:** $93923.30

**Net Assets:** $276747809.59

**Cash Not Reported:** $12695840.79

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000243096 | 0.54%                | 0.18%                | 1.08%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $39475.80                | $596058.35                                 |
| Month 2  | $2134125.76              | $-2750634.92                               |
| Month 3  | $68114750.22             | $-65471737.64                              |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| BNY Mellon US Large Cap Core E | BNY Mellon US Large Cap Core Equity ETF  | CUSIP: 09661T107<br>LEI: 549300LQKBY0N1SODR76 | Long             | EC               | RF                | US        |    527575 | NS      | $69798172.50  | 25.22%            |  |  |  | No            |                  1 | On Loan: No      |
| First American Treasury Obliga | First American Treasury Obligations Fund | CUSIP: 31846V328<br>LEI: 549300UU586IAH2B8H03 | Long             | STIV             | RF                | US        |     11448 | NS      | $11447.98     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street SPDR Portfolio S& | State Street SPDR Portfolio S&P 500 ETF  | CUSIP: 78464A854<br>LEI: 5493004K4F0RL72RIJ47 | Long             | EC               | RF                | US        |   2326021 | NS      | $189338109.40 | 68.42%            |  |  |  | No            |                  1 | On Loan: No      |
| Southern Copper Corp           | Southern Copper Corp                     | CUSIP: 84265V105<br>LEI: 2549007U6NAP46Q9TU15 | Long             | EC               | CORP              | US        |         0 | NS      | $63.66        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | RCXTEVHT TRS 010527                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $4811990.16   | 1.74%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | RCXTEVHT TRS 061627                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $17675.45     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | RCXTEVHT TRS 062527                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |         1 | NC      | $20088.12     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

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

**Name of Applicant:** ETF Series Solutions

**Signature:** /s/ Kristen Weitzel

**Name of Signer:** ETF Series Solutions

**Title:** Treasurer