# EDGAR Filing Document

**Accession Number:** 0001540305
**File Stem:** 0001193125-26-181127
**Filing Date:** 2026-4
**Character Count:** 37663
**Document Hash:** 5f062a6ed1c1704ed277f035f07bf3a8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-181127.hdr.sgml**: 20260427

**ACCESSION NUMBER**: 0001193125-26-181127

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260228

**FILED AS OF DATE**: 20260427

**DATE AS OF CHANGE**: 20260427

**PERIOD START**: 20260228

**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:** 26899017

**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

### Hoya Capital High Dividend Yield ETF (Series ID: S000073033)

| Class ID   | Class Name                           | Ticker Symbol   |
|:---|:---|:---|
| C000229810 | Hoya Capital High Dividend Yield ETF | RIET            |

## 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:** Hoya Capital High Dividend Yield ETF

- **b. EDGAR series identifier (if any):** S000073033

- **c. LEI of Series:** 549300J6T1FHX4RHKS53

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

- **a. Date of fiscal year-end:** 2026-02-28

- **b. Date as of which information is reported:** 2026-02-28

**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:** $106510320.79

**Total Liabilities:** $7249511.55

**Net Assets:** $99260809.24

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000229810 | -0.62%               | 2.96%                | 1.85%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-63237.46               | $-2005467.83                               |
| Month 2  | $156003.41               | $2335317.65                                |
| Month 3  | $0.00                    | $1500870.86                                |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| ANNALY CAPITAL MGMT                       | Annaly Capital Management Inc              | CUSIP: 035710870<br>LEI: 2DTL0G3FPRYUT58TI025 | Long             | EP               | CORP              | US        |     12327 | NS      | $319762.38    | 0.32%             |  |  |  | No            | 1                  | On Loan: No      |
| Apollo Commercial Real Estate             | Apollo Commercial Real Estate Finance Inc  | CUSIP: 03762U105<br>LEI: 549300E0AN7M2AQHSY29 | Long             | EC               | CORP              | US        |    113909 | NS      | $1207435.40   | 1.22%             |  |  |  | No            | 1                  | On Loan: No      |
| Apple Hospitality REIT Inc                | Apple Hospitality REIT Inc                 | CUSIP: 03784Y200<br>LEI: 549300EVZAR0FBZO4F16 | Long             | EC               | CORP              | US        |    120458 | NS      | $1476815.08   | 1.49%             |  |  |  | No            | 1                  | On Loan: No      |
| Arbor Realty Trust Inc                    | Arbor Realty Trust Inc                     | CUSIP: 038923108<br>LEI: 549300ASFUWYQO0RW077 | Long             | EC               | CORP              | US        |    132900 | NS      | $1053897.00   | 1.06%             |  |  |  | No            | 1                  | On Loan: —       |
| ARBOR REALTY TRUST INC                    | Arbor Realty Trust Inc                     | CUSIP: 038923876<br>LEI: 549300ASFUWYQO0RW077 | Long             | EP               | CORP              | US        |     18011 | NS      | $309248.87    | 0.31%             |  |  |  | No            | 1                  | On Loan: No      |
| Ares Commercial Real Estate Co            | Ares Commercial Real Estate Corp           | CUSIP: 04013V108<br>LEI: 549300ZNO5IWXS443S81 | Long             | EC               | CORP              | US        |    227825 | NS      | $1143681.50   | 1.15%             |  |  |  | No            | 1                  | On Loan: No      |
| ARMOUR Residential REIT Inc               | ARMOUR Residential REIT Inc                | CUSIP: 042315705<br>LEI: 549300K0WA0EJUX74V72 | Long             | EC               | CORP              | US        |     68165 | NS      | $1223561.75   | 1.23%             |  |  |  | No            | 1                  | On Loan: —       |
| BRT Apartments Corp                       | BRT Apartments Corp                        | CUSIP: 055645303<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     78851 | NS      | $1156744.17   | 1.17%             |  |  |  | No            | 1                  | On Loan: No      |
| Blackstone Mortgage Trust Inc             | Blackstone Mortgage Trust Inc              | CUSIP: 09257W100<br>LEI: 549300OLDJ20R2Y2UW20 | Long             | EC               | CORP              | US        |     75084 | NS      | $1442363.64   | 1.45%             |  |  |  | No            | 1                  | On Loan: No      |
| Braemar Hotels & Resorts Inc              | Braemar Hotels & Resorts Inc               | CUSIP: 10482B101<br>LEI: 549300JDUUEBN868C776 | Long             | EC               | CORP              | US        |    404401 | NS      | $1176806.91   | 1.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Brandywine Realty Trust                   | Brandywine Realty Trust                    | CUSIP: 105368203<br>LEI: 5UZ46ZCYUFYYAC0DS831 | Long             | EC               | CORP              | US        |    327255 | NS      | $1043943.45   | 1.05%             |  |  |  | No            | 1                  | On Loan: No      |
| BrightSpire Capital Inc                   | BrightSpire Capital Inc                    | CUSIP: 10949T109<br>LEI: 549300BOIFLLMVU37752 | Long             | EC               | CORP              | US        |    205132 | NS      | $1191816.92   | 1.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Broadstone Net Lease Inc                  | Broadstone Net Lease Inc                   | CUSIP: 11135E203<br>LEI: 549300U8D7PT70B49V21 | Long             | EC               | CORP              | US        |     77340 | NS      | $1499622.60   | 1.51%             |  |  |  | No            | 1                  | On Loan: No      |
| Chicago Atlantic Real Estate F            | Chicago Atlantic Real Estate Finance Inc   | CUSIP: 167239102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     91243 | NS      | $1108602.45   | 1.12%             |  |  |  | No            | 1                  | On Loan: No      |
| CHIMERA INVESTMENT CORP                   | Chimera Investment Corp                    | CUSIP: 16934Q406<br>LEI: 2JBBQFJOL123LOUBE657 | Long             | EP               | CORP              | US        |     12951 | NS      | $306161.64    | 0.31%             |  |  |  | No            | 1                  | On Loan: No      |
| CHIMERA INVESTMENT CORP                   | Chimera Investment Corp                    | CUSIP: 16934Q505<br>LEI: 2JBBQFJOL123LOUBE657 | Long             | EP               | CORP              | US        |     14056 | NS      | $309091.44    | 0.31%             |  |  |  | No            | 1                  | On Loan: No      |
| Gaming and Leisure Properties             | Gaming and Leisure Properties Inc          | CUSIP: 36467J108<br>LEI: 5493006GWRDBCZYWTM57 | Long             | EC               | CORP              | US        |     32880 | NS      | $1608160.80   | 1.62%             |  |  |  | No            | 1                  | On Loan: No      |
| Getty Realty Corp                         | Getty Realty Corp                          | CUSIP: 374297109<br>LEI: 2549000P1W5SFJWCNP90 | Long             | EC               | CORP              | US        |     39659 | NS      | $1301608.38   | 1.31%             |  |  |  | No            | 1                  | On Loan: No      |
| Gladstone Commercial Corp                 | Gladstone Commercial Corp                  | CUSIP: 376536108<br>LEI: 529900EVVV534W8R0T32 | Long             | EC               | CORP              | US        |    104747 | NS      | $1308290.03   | 1.32%             |  |  |  | No            | 1                  | On Loan: No      |
| Global Net Lease Inc                      | Global Net Lease Inc                       | CUSIP: 379378201<br>LEI: 549300NUYANCT5SU8Z65 | Long             | EC               | CORP              | US        |    141888 | NS      | $1336584.96   | 1.35%             |  |  |  | No            | 1                  | On Loan: No      |
| GLOBAL NET LEASE INC                      | Global Net Lease Inc                       | CUSIP: 379378300<br>LEI: 549300NUYANCT5SU8Z65 | Long             | EP               | CORP              | US        |     14214 | NS      | $329764.80    | 0.33%             |  |  |  | No            | 1                  | On Loan: No      |
| GLOBAL NET LEASE INC                      | Global Net Lease Inc                       | CUSIP: 379378508<br>LEI: 549300NUYANCT5SU8Z65 | Long             | EP               | CORP              | US        |     13440 | NS      | $328070.40    | 0.33%             |  |  |  | No            | 1                  | On Loan: No      |
| GRANITE POINT MTGE TRST                   | Granite Point Mortgage Trust Inc           | CUSIP: 38741L305<br>LEI: 529900VX2HQZ76AYIE02 | Long             | EP               | CORP              | US        |     16159 | NS      | $328512.47    | 0.33%             |  |  |  | No            | 1                  | On Loan: No      |
| Healthpeak Properties Inc                 | Healthpeak Properties Inc                  | CUSIP: 42250P103<br>LEI: 254900M6MTMZM0I22L81 | Long             | EC               | CORP              | US        |     79334 | NS      | $1402625.12   | 1.41%             |  |  |  | No            | 1                  | On Loan: No      |
| Highwoods Properties Inc                  | Highwoods Properties Inc                   | CUSIP: 431284108<br>LEI: ZIIGTYKL9T0X3HLTDX53 | Long             | EC               | CORP              | US        |     41491 | NS      | $933132.59    | 0.94%             |  |  |  | No            | 1                  | On Loan: No      |
| HUDSON PACIFIC PROPERTIE                  | Hudson Pacific Properties Inc              | CUSIP: 444097307<br>LEI: 529900EURZA5HRSXQ389 | Long             | EP               | CORP              | US        |     21406 | NS      | $295616.86    | 0.30%             |  |  |  | No            | 1                  | On Loan: —       |
| KKR Real Estate Finance Trust             | KKR Real Estate Finance Trust Inc          | CUSIP: 48251K100<br>LEI: 549300K23AYZDZ2REL62 | Long             | EC               | CORP              | US        |    135770 | NS      | $943601.50    | 0.95%             |  |  |  | No            | 1                  | On Loan: No      |
| Lineage Inc                               | Lineage Inc                                | CUSIP: 53566V106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     41259 | NS      | $1671814.68   | 1.68%             |  |  |  | No            | 1                  | On Loan: No      |
| MFA FINANCIAL INC                         | MFA Financial Inc                          | CUSIP: 55272X508<br>LEI: YW72IMH2RRC8Z1TGLG58 | Long             | EP               | CORP              | US        |     13249 | NS      | $302872.14    | 0.31%             |  |  |  | No            | 1                  | On Loan: No      |
| MFA Financial Inc                         | MFA Financial Inc                          | CUSIP: 55272X607<br>LEI: YW72IMH2RRC8Z1TGLG58 | Long             | EC               | CORP              | US        |    123614 | NS      | $1249737.54   | 1.26%             |  |  |  | No            | 1                  | On Loan: No      |
| Millrose Properties Inc                   | Millrose Properties Inc                    | CUSIP: 601137102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     46416 | NS      | $1455605.76   | 1.47%             |  |  |  | No            | 1                  | On Loan: No      |
| Modiv Industrial Inc                      | Modiv Industrial Inc                       | CUSIP: 60784B101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     77183 | NS      | $1197108.33   | 1.21%             |  |  |  | No            | 1                  | On Loan: No      |
| NNN REIT Inc                              | NNN REIT Inc                               | CUSIP: 637417106<br>LEI: 5493008JKH5SOTI0JS97 | Long             | EC               | CORP              | US        |     34561 | NS      | $1566304.52   | 1.58%             |  |  |  | No            | 1                  | On Loan: No      |
| National Storage Affiliates Tr            | National Storage Affiliates Trust          | CUSIP: 637870106<br>LEI: 529900FS06O8GOYNR108 | Long             | EC               | CORP              | US        |     49126 | NS      | $1720392.52   | 1.73%             |  |  |  | No            | 1                  | On Loan: No      |
| Nexpoint Real Estate Finance I            | Nexpoint Real Estate Finance Inc           | CUSIP: 65342V101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     80246 | NS      | $1164369.46   | 1.17%             |  |  |  | No            | 1                  | On Loan: No      |
| Omega Healthcare Investors Inc            | Omega Healthcare Investors Inc             | CUSIP: 681936100<br>LEI: 549300OJ7ENK42CZ8E73 | Long             | EC               | CORP              | US        |     31423 | NS      | $1516788.21   | 1.53%             |  |  |  | No            | 1                  | On Loan: No      |
| One Liberty Properties Inc                | One Liberty Properties Inc                 | CUSIP: 682406103<br>LEI: 549300QII1CQZGZBZR14 | Long             | EC               | CORP              | US        |     54801 | NS      | $1287275.49   | 1.30%             |  |  |  | No            | 1                  | On Loan: No      |
| Orchid Island Capital Inc                 | Orchid Island Capital Inc                  | CUSIP: 68571X301<br>LEI: 549300KBIHGT19K9DY89 | Long             | EC               | CORP              | US        |    157261 | NS      | $1170021.84   | 1.18%             |  |  |  | No            | 1                  | On Loan: —       |
| Mount Vernon Liquid Assets Portfolio, LLC | Mount Vernon Liquid Assets Portfolio, LLC  | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | PF                | US        |   6926306 | NS      | $6926306.00   | 6.98%             |  |  |  | No            | N/A                | On Loan: No      |
| AGNC Investment Corp                      | AGNC Investment Corp                       | CUSIP: 00123Q104<br>LEI: 5TRACI5HRMELWV32OF39 | Long             | EC               | CORP              | US        |    137678 | NS      | $1543370.38   | 1.55%             |  |  |  | No            | 1                  | On Loan: No      |
| AGNC INVESTMENT CORP                      | AGNC Investment Corp                       | CUSIP: 00123Q500<br>LEI: 5TRACI5HRMELWV32OF39 | Long             | EP               | CORP              | US        |     12351 | NS      | $314579.97    | 0.32%             |  |  |  | No            | 1                  | On Loan: No      |
| AGNC INVESTMENT CORP                      | AGNC Investment Corp                       | CUSIP: 00123Q609<br>LEI: 5TRACI5HRMELWV32OF39 | Long             | EP               | CORP              | US        |     12809 | NS      | $319456.46    | 0.32%             |  |  |  | No            | 1                  | On Loan: No      |
| AGNC INVESTMENT CORP                      | AGNC Investment Corp                       | CUSIP: 00123Q807<br>LEI: 5TRACI5HRMELWV32OF39 | Long             | EP               | CORP              | US        |     12486 | NS      | $316020.66    | 0.32%             |  |  |  | No            | 1                  | On Loan: No      |
| ACRES COMMERCIAL REALTY                   | ACRES Commercial Realty Corp               | CUSIP: 00489Q201<br>LEI: 549300RUJWPCMY4JFR46 | Long             | EP               | CORP              | US        |     12515 | NS      | $312124.10    | 0.31%             |  |  |  | No            | 1                  | On Loan: No      |
| Alexander's Inc                           | Alexander's Inc                            | CUSIP: 014752109<br>LEI: 549300TZM28P04U5R635 | Long             | EC               | CORP              | US        |      5453 | NS      | $1279382.86   | 1.29%             |  |  |  | No            | 1                  | On Loan: No      |
| Alexandria Real Estate Equitie            | Alexandria Real Estate Equities Inc        | CUSIP: 015271109<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | EC               | CORP              | US        |     27806 | NS      | $1502636.24   | 1.51%             |  |  |  | No            | 1                  | On Loan: No      |
| Alpine Income Property Trust I            | Alpine Income Property Trust Inc           | CUSIP: 02083X103<br>LEI: 254900VQGUBS1J4C4N33 | Long             | EC               | CORP              | US        |     67680 | NS      | $1334649.60   | 1.34%             |  |  |  | No            | 1                  | On Loan: No      |
| American Assets Trust Inc                 | American Assets Trust Inc                  | CUSIP: 024013104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     59067 | NS      | $1152987.84   | 1.16%             |  |  |  | No            | 1                  | On Loan: No      |
| Americold Realty Trust Inc                | Americold Realty Trust Inc                 | CUSIP: 03064D108<br>LEI: 894500O3S3W62PQPO460 | Long             | EC               | CORP              | US        |    109085 | NS      | $1460648.15   | 1.47%             |  |  |  | No            | 1                  | On Loan: No      |
| Rithm Capital Corp                        | Rithm Capital Corp                         | CUSIP: 64828T201<br>LEI: 549300WNTHGEO5LP2G31 | Long             | EC               | CORP              | US        |    128316 | NS      | $1289575.80   | 1.30%             |  |  |  | No            | 1                  | On Loan: No      |
| RITHM CAPITAL CORP                        | Rithm Capital Corp                         | CUSIP: 64828T300<br>LEI: 549300WNTHGEO5LP2G31 | Long             | EP               | CORP              | US        |     12442 | NS      | $316275.64    | 0.32%             |  |  |  | No            | 1                  | On Loan: No      |
| AH Realty Trust Inc                       | AH Realty Trust Inc                        | CUSIP: 04208T108<br>LEI: 549300WQRSIV6XZT9313 | Long             | EC               | CORP              | US        |    180592 | NS      | $1128700.00   | 1.14%             |  |  |  | No            | 1                  | On Loan: No      |
| Adamas Trust Inc                          | Adamas Trust Inc                           | CUSIP: 649604840<br>LEI: 549300JFGR0M7ULHWG48 | Long             | EC               | CORP              | US        |    158142 | NS      | $1303090.08   | 1.31%             |  |  |  | No            | 1                  | On Loan: No      |
| TPG MORTGAGE INVEST TR                    | TPG Mortgage Investment Trust Inc          | CUSIP: 001228402<br>LEI: 549300SNP0PBR2XTFR48 | Long             | EP               | CORP              | US        |     12375 | NS      | $310365.00    | 0.31%             |  |  |  | No            | 1                  | On Loan: No      |
| TPG Mortgage Investment Trust             | TPG Mortgage Investment Trust Inc          | CUSIP: 001228501<br>LEI: 549300SNP0PBR2XTFR48 | Long             | EC               | CORP              | US        |    143691 | NS      | $1162460.19   | 1.17%             |  |  |  | No            | 1                  | On Loan: No      |
| RITHM CAPITAL CORP                        | Rithm Capital Corp                         | CUSIP: 64828T409<br>LEI: 549300WNTHGEO5LP2G31 | Long             | EP               | CORP              | US        |     12515 | NS      | $313876.20    | 0.32%             |  |  |  | No            | 1                  | On Loan: No      |
| RITHM CAPITAL CORP                        | Rithm Capital Corp                         | CUSIP: 64828T508<br>LEI: 549300WNTHGEO5LP2G31 | Long             | EP               | CORP              | US        |     12737 | NS      | $309891.21    | 0.31%             |  |  |  | No            | 1                  | On Loan: No      |
| PEBBLEBROOK HOTEL TRUST                   | Pebblebrook Hotel Trust                    | CUSIP: 70509V803<br>LEI: 5493004Q1NNH6JXCSI52 | Long             | EP               | CORP              | US        |     16872 | NS      | $340139.52    | 0.34%             |  |  |  | No            | 1                  | On Loan: No      |
| PennyMac Mortgage Investment T            | PennyMac Mortgage Investment Trust         | CUSIP: 70931T103<br>LEI: 549300BSSOQO1ZWDUJ97 | Long             | EC               | CORP              | US        |     89368 | NS      | $1095651.68   | 1.10%             |  |  |  | No            | 1                  | On Loan: No      |
| ADAMAS TRUST INC                          | Adamas Trust Inc                           | CUSIP: 649604873<br>LEI: 549300JFGR0M7ULHWG48 | Long             | EP               | CORP              | US        |     12631 | NS      | $321332.64    | 0.32%             |  |  |  | No            | 1                  | On Loan: No      |
| ADAMAS TRUST INC                          | Adamas Trust Inc                           | CUSIP: 649604881<br>LEI: 549300JFGR0M7ULHWG48 | Long             | EP               | CORP              | US        |     14310 | NS      | $325981.80    | 0.33%             |  |  |  | No            | 1                  | On Loan: No      |
| DYNEX CAPITAL INC                         | Dynex Capital Inc                          | CUSIP: 26817Q878<br>LEI: 5CIJ4S9HAEBWILA19B65 | Long             | EP               | CORP              | US        |     12208 | NS      | $317041.76    | 0.32%             |  |  |  | No            | 1                  | On Loan: No      |
| Dynex Capital Inc                         | Dynex Capital Inc                          | CUSIP: 26817Q886<br>LEI: 5CIJ4S9HAEBWILA19B65 | Long             | EC               | CORP              | US        |     83938 | NS      | $1177650.14   | 1.19%             |  |  |  | No            | 1                  | On Loan: No      |
| EPR Properties                            | EPR Properties                             | CUSIP: 26884U109<br>LEI: 549300YSSXFHMPOWZ492 | Long             | EC               | CORP              | US        |     27290 | NS      | $1621298.90   | 1.63%             |  |  |  | No            | 1                  | On Loan: No      |
| Easterly Government Properties            | Easterly Government Properties Inc         | CUSIP: 27616P301<br>LEI: 549300ERMCEFC6S8HL77 | Long             | EC               | CORP              | US        |     53183 | NS      | $1238100.24   | 1.25%             |  |  |  | No            | 1                  | On Loan: No      |
| Angel Oak Mortgage REIT Inc               | Angel Oak Mortgage REIT Inc                | CUSIP: 03464Y108<br>LEI: 5493008M8D7W7VZZ7V36 | Long             | EC               | CORP              | US        |    136094 | NS      | $1167686.52   | 1.18%             |  |  |  | No            | 1                  | On Loan: No      |
| Annaly Capital Management Inc             | Annaly Capital Management Inc              | CUSIP: 035710839<br>LEI: 2DTL0G3FPRYUT58TI025 | Long             | EC               | CORP              | US        |     64364 | NS      | $1495819.36   | 1.51%             |  |  |  | No            | 1                  | On Loan: No      |
| RLJ Lodging Trust                         | RLJ Lodging Trust                          | CUSIP: 74965L101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    150573 | NS      | $1207595.46   | 1.22%             |  |  |  | No            | 1                  | On Loan: No      |
| REDWOOD TRUST INC                         | Redwood Trust Inc                          | CUSIP: 758075808<br>LEI: DRBV4N1ERQLEMIF11G78 | Long             | EP               | CORP              | US        |     13112 | NS      | $327970.46    | 0.33%             |  |  |  | No            | 1                  | On Loan: No      |
| SL Green Realty Corp                      | SL Green Realty Corp                       | CUSIP: 78440X887<br>LEI: 549300VQZPJU97H3GT17 | Long             | EC               | CORP              | US        |     25769 | NS      | $949587.65    | 0.96%             |  |  |  | No            | 1                  | On Loan: —       |
| Sabra Health Care REIT Inc                | Sabra Health Care REIT Inc                 | CUSIP: 78573L106<br>LEI: 549300E3BC7GU7TAZ621 | Long             | EC               | CORP              | US        |     75562 | NS      | $1552799.10   | 1.56%             |  |  |  | No            | 1                  | On Loan: No      |
| Redwood Trust Inc                         | Redwood Trust Inc                          | CUSIP: 758075402<br>LEI: DRBV4N1ERQLEMIF11G78 | Long             | EC               | CORP              | US        |    221584 | NS      | $1340583.20   | 1.35%             |  |  |  | No            | 1                  | On Loan: No      |
| ANNALY CAPITAL MGMT                       | Annaly Capital Management Inc              | CUSIP: 035710862<br>LEI: 2DTL0G3FPRYUT58TI025 | Long             | EP               | CORP              | US        |     12491 | NS      | $315897.39    | 0.32%             |  |  |  | No            | 1                  | On Loan: No      |
| Park Hotels & Resorts Inc                 | Park Hotels & Resorts Inc                  | CUSIP: 700517105<br>LEI: 5493005UZ5TQN0H6HS73 | Long             | EC               | CORP              | US        |    107942 | NS      | $1220824.02   | 1.23%             |  |  |  | No            | 1                  | On Loan: —       |
| Ellington Financial Inc                   | Ellington Financial Inc                    | CUSIP: 28852N109<br>LEI: 60GS1D1R1YY5G1W7IT74 | Long             | EC               | CORP              | US        |     82169 | NS      | $1020538.98   | 1.03%             |  |  |  | No            | 1                  | On Loan: —       |
| First American Government Obli            | First American Government Obligations Fund | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |    428363 | NS      | $428363.17    | 0.43%             |  |  |  | No            | 1                  | On Loan: No      |
| Franklin BSP Realty Trust Inc             | Franklin BSP Realty Trust Inc              | CUSIP: 35243J101<br>LEI: 549300LH3QNZK9Y1KC93 | Long             | EC               | CORP              | US        |    113118 | NS      | $1032767.34   | 1.04%             |  |  |  | No            | 1                  | On Loan: No      |
| Saul Centers Inc                          | Saul Centers Inc                           | CUSIP: 804395101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     36595 | NS      | $1247157.60   | 1.26%             |  |  |  | No            | 1                  | On Loan: No      |
| Seven Hills Realty Trust                  | Seven Hills Realty Trust                   | CUSIP: 81784E101<br>LEI: 549300ESBDZ3SA3OEX38 | Long             | EC               | CORP              | US        |    128962 | NS      | $1103914.72   | 1.11%             |  |  |  | No            | 1                  | On Loan: No      |
| TPG RE Finance Trust Inc                  | TPG RE Finance Trust Inc                   | CUSIP: 87266M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    128527 | NS      | $1087338.42   | 1.10%             |  |  |  | No            | 1                  | On Loan: No      |
| TWO HARBORS INV CORP                      | Two Harbors Investment Corp                | CUSIP: 90187B309<br>LEI: 549300ZUIBT6KH4HU823 | Long             | EP               | CORP              | US        |     13709 | NS      | $335870.50    | 0.34%             |  |  |  | No            | 1                  | On Loan: No      |
| Starwood Property Trust Inc               | Starwood Property Trust Inc                | CUSIP: 85571B105<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | EC               | CORP              | US        |     79246 | NS      | $1411371.26   | 1.42%             |  |  |  | No            | 1                  | On Loan: No      |
| Sunrise Realty Trust Inc                  | Sunrise Realty Trust Inc                   | CUSIP: 867981102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    116729 | NS      | $1093750.73   | 1.10%             |  |  |  | No            | 1                  | On Loan: No      |
| TWO HARBORS INV CORP                      | Two Harbors Investment Corp                | CUSIP: 90187B507<br>LEI: 549300ZUIBT6KH4HU823 | Long             | EP               | CORP              | US        |     13204 | NS      | $326138.80    | 0.33%             |  |  |  | No            | 1                  | On Loan: No      |
| Two Harbors Investment Corp               | Two Harbors Investment Corp                | CUSIP: 90187B804<br>LEI: 549300ZUIBT6KH4HU823 | Long             | EC               | CORP              | US        |    116491 | NS      | $1203352.03   | 1.21%             |  |  |  | No            | 1                  | On Loan: No      |
| Universal Health Realty Income            | Universal Health Realty Income Trust       | CUSIP: 91359E105<br>LEI: 549300L4MWZL4IH6H172 | Long             | EC               | CORP              | US        |     27957 | NS      | $1219484.34   | 1.23%             |  |  |  | No            | 1                  | On Loan: No      |
| VICI Properties Inc                       | VICI Properties Inc                        | CUSIP: 925652109<br>LEI: 254900RKH6RY9KCJQH63 | Long             | EC               | CORP              | US        |     49109 | NS      | $1483582.89   | 1.49%             |  |  |  | No            | 1                  | On Loan: No      |
| WP Carey Inc                              | WP Carey Inc                               | CUSIP: 92936U109<br>LEI: 54930042CRNE713E3Q67 | Long             | EC               | CORP              | US        |     21085 | NS      | $1573995.25   | 1.59%             |  |  |  | No            | 1                  | On Loan: No      |
| PENNYMAC MTGE INVESTMENT                  | PennyMac Mortgage Investment Trust         | CUSIP: 70931T509<br>LEI: 549300BSSOQO1ZWDUJ97 | Long             | EP               | CORP              | US        |     16546 | NS      | $313712.16    | 0.32%             |  |  |  | No            | 1                  | On Loan: No      |
| Ready Capital Corp                        | Ready Capital Corp                         | CUSIP: 75574U101<br>LEI: 549300MYWGZUG7ZUYO87 | Long             | EC               | CORP              | US        |    458428 | NS      | $848091.80    | 0.85%             |  |  |  | No            | 1                  | On Loan: —       |
| READY CAPITAL CORP                        | Ready Capital Corp                         | CUSIP: 75574U887<br>LEI: 549300MYWGZUG7ZUYO87 | Long             | EP               | CORP              | US        |     22334 | NS      | $259074.40    | 0.26%             |  |  |  | No            | 1                  | On Loan: No      |
| Realty Income Corp                        | Realty Income Corp                         | CUSIP: 756109104<br>LEI: 549300CUWDAUZSH43859 | Long             | EC               | CORP              | US        |     24976 | NS      | $1673392.00   | 1.69%             |  |  |  | No            | 1                  | On Loan: No      |
| Innovative Industrial Properti            | Innovative Industrial Properties Inc       | CUSIP: 45781V101<br>LEI: 5493008BQ0545EZXRR30 | Long             | EC               | CORP              | US        |     23560 | NS      | $1247737.60   | 1.26%             |  |  |  | No            | 1                  | On Loan: —       |
| INNOVATIVE INDUSTRIAL                     | Innovative Industrial Properties Inc       | CUSIP: 45781V200<br>LEI: 5493008BQ0545EZXRR30 | Long             | EP               | CORP              | US        |     12670 | NS      | $288115.80    | 0.29%             |  |  |  | No            | 1                  | On Loan: No      |
| Invesco Mortgage Capital Inc              | Invesco Mortgage Capital Inc               | CUSIP: 46131B704<br>LEI: PV3BDP2HFZL2FNXQBL39 | Long             | EC               | CORP              | US        |    145540 | NS      | $1226902.20   | 1.24%             |  |  |  | No            | 1                  | On Loan: No      |
| KKR REAL ESTATE FIN                       | KKR Real Estate Finance Trust Inc          | CUSIP: 48251K209<br>LEI: 549300K23AYZDZ2REL62 | Long             | EP               | CORP              | US        |     17146 | NS      | $299712.08    | 0.30%             |  |  |  | No            | 1                  | On Loan: No      |
| CHIMERA INVESTMENT CORP                   | Chimera Investment Corp                    | CUSIP: 16934Q604<br>LEI: 2JBBQFJOL123LOUBE657 | Long             | EP               | CORP              | US        |     13009 | NS      | $307532.76    | 0.31%             |  |  |  | No            | 1                  | On Loan: No      |
| Chimera Investment Corp                   | Chimera Investment Corp                    | CUSIP: 16934Q802<br>LEI: 2JBBQFJOL123LOUBE657 | Long             | EC               | CORP              | US        |     92809 | NS      | $1263130.49   | 1.27%             |  |  |  | No            | 1                  | On Loan: No      |
| Clipper Realty Inc                        | Clipper Realty Inc                         | CUSIP: 18885T306<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    312791 | NS      | $963396.28    | 0.97%             |  |  |  | No            | 1                  | On Loan: No      |
| Community Healthcare Trust Inc            | Community Healthcare Trust Inc             | CUSIP: 20369C106<br>LEI: 549300FATSRCMKOV9536 | Long             | EC               | CORP              | US        |     75432 | NS      | $1289132.88   | 1.30%             |  |  |  | No            | 1                  | On Loan: No      |
| CTO Realty Growth Inc                     | CTO Realty Growth Inc                      | CUSIP: 22948Q101<br>LEI: 254900ZQ99OFO1WXS678 | Long             | EC               | CORP              | US        |     64664 | NS      | $1259654.72   | 1.27%             |  |  |  | No            | 1                  | On Loan: No      |
| Chiron Real Estate Inc                    | Chiron Real Estate Inc                     | CUSIP: 37954A303<br>LEI: 549300HFRIPQDYU3GU60 | Long             | EC               | CORP              | US        |     35264 | NS      | $1221192.32   | 1.23%             |  |  |  | No            | 1                  | On Loan: No      |

### Signature

**Date Signed:** 2026-04-27

**Name of Applicant:** ETF Series Solutions

**Signature:** /s/ Kristen Weitzel

**Name of Signer:** ETF Series Solutions

**Title:** Treasurer