# EDGAR Filing Document

**Accession Number:** 0001540305
**File Stem:** 0000894189-25-005788
**Filing Date:** 2025-8
**Character Count:** 49720
**Document Hash:** cb6fb5455690741f5345d6608b4149a1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-25-005788.hdr.sgml**: 20250825

**ACCESSION NUMBER**: 0000894189-25-005788

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250825

**DATE AS OF CHANGE**: 20250825

**PERIOD START**: 20250930

**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:** 251249793

**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

### Distillate International Fundamental Stability & Value ETF (Series ID: S000070185)

| Class ID   | Class Name                                                 | Ticker Symbol   |
|:---|:---|:---|
| C000223218 | Distillate International Fundamental Stability & Value ETF | DSTX            |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **Distillate International Fundamental Stability & Value ETF** | **Distillate International Fundamental Stability & Value ETF** | **Distillate International Fundamental Stability & Value ETF** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **June 30, 2025 (Unaudited)** | **June 30, 2025 (Unaudited)** | **June 30, 2025 (Unaudited)** |
| **COMMON STOCKS - 98.8%** | **Shares** | **Value**  |
| **Brazil - 2.8%** | **Brazil - 2.8%** | |
| PRIO SA <sup>(a)</sup> | 36586 | $283687 |
| Telefonica Brasil SA | 64500 | 366235 |
| TIM SA | 79868 | 320329 |
|  |  | 970251 |
| **Canada - 6.1%** | **Canada - 6.1%** |  |
| Canadian Natural Resources, Ltd. | 14175 | 444624 |
| CGI, Inc. | 2635 | 276168 |
| Gildan Activewear, Inc. | 4811 | 236583 |
| Magna International, Inc. | 6346 | 245019 |
| Open Text Corporation | 10702 | 312080 |
| TFI International, Inc. | 3441 | 308265 |
| Tourmaline Oil Corporation | 6647 | 320050 |
|  |  | 2142789 |
| **China - 9.8%** | **China - 9.8%** |  |
| BYD Company, Ltd. - Class H | 27000 | 421338 |
| CMOC Group, Ltd. - Class H | 309000 | 314117 |
| JD Logistics, Inc. <sup>(a)(b)</sup> | 156000 | 261126 |
| JD.com, Inc. - Class A | 29500 | 480643 |
| Kingsoft Corporation, Ltd. | 48400 | 252173 |
| Kuaishou Technology <sup>(a)(b)</sup> | 46700 | 376574 |
| Li Ning Company, Ltd. | 115500 | 248950 |
| MINISO Group Holding, Ltd. | 50000 | 226752 |
| Shenzhou International Group Holdings, Ltd. | 37900 | 269404 |
| Yangzijiang Shipbuilding Holdings, Ltd. | 158800 | 276792 |
| ZTO Express Cayman, Inc. | 15900 | 280529 |
|  |  | 3408398 |
| **Denmark - 3.6%** | **Denmark - 3.6%** |  |
| Carlsberg AS - Class B | 2415 | 340983 |
| DSV AS | 1730 | 414277 |
| Genmab AS <sup>(a)</sup> | 1194 | 247036 |
| Pandora AS | 1440 | 251940 |
|  |  | 1254236 |
| **France - 11.5%** | **France - 11.5%** |  |
| Bureau Veritas SA | 8064 | 273943 |
| Capgemini SE | 1688 | 287410 |
| Cie de Saint-Gobain SA | 3461 | 404806 |
| Cie Generale des Etablissements Michelin SCA | 9157 | 339021 |
| Danone SA | 4690 | 381850 |
| Eiffage SA | 2429 | 340014 |
| Legrand SA | 2306 | 307232 |
| LVMH Moet Hennessy Louis Vuitton SE | 988 | 515630 |
| Publicis Groupe SA | 3340 | 375128 |
| Teleperformance SE | 2604 | 251627 |
| Vinci SA | 3673 | 539373 |
|  |  | 4016034 |
| **Germany - 4.9%** | **Germany - 4.9%** |  |
| Brenntag SE | 4454 | 293831 |
| Deutsche Boerse AG | 1146 | 372494 |
| Heidelberg Materials AG | 1624 | 380217 |
| Merck KGaA | 3149 | 406609 |
| Zalando SE <sup>(a)(b)</sup> | 7827 | 256796 |
|  |  | 1709947 |
| **Hong Kong - 1.8%** | **Hong Kong - 1.8%** |  |
| Geely Automobile Holdings, Ltd. | 156000 | 317167 |
| WH Group, Ltd. <sup>(b)</sup> | 321500 | 309213 |
|  |  | 626380 |
| **Indonesia - 1.1%** | **Indonesia - 1.1%** |  |
| Telkom Indonesia Persero Tbk PT | 2195800 | 375998 |
| **Ireland - 0.9%** | **Ireland - 0.9%** |  |
| DCC PLC | 4572 | 296221 |
| **Italy - 0.9%** | **Italy - 0.9%** |  |
| Recordati Industria Chimica e Farmaceutica SpA | 4875 | 305582 |
| **Japan - 19.2%** | **Japan - 19.2%** |  |
| Astellas Pharma, Inc. | 37200 | 364802 |
| Denso Corporation | 23900 | 322731 |
| Japan Tobacco, Inc. | 12600 | 370555 |
| Komatsu, Ltd. | 11400 | 373857 |
| MatsukiyoCocokara & Company | 13700 | 281455 |
| MinebeaMitsumi, Inc. | 20100 | 294518 |
| Murata Manufacturing Company, Ltd. | 21500 | 320613 |
| Nexon Company, Ltd. | 15300 | 308235 |
| Nidec Corporation | 13400 | 260217 |
| Niterra Company, Ltd. | 7200 | 239261 |
| Nitto Denko Corporation | 13500 | 260897 |
| Ono Pharmaceutical Company, Ltd. | 27600 | 297888 |
| Otsuka Corporation | 14100 | 286646 |
| Otsuka Holdings Company, Ltd. | 5700 | 282188 |
| SCREEN Holdings Company, Ltd. | 3500 | 284953 |
| Secom Company, Ltd. | 8400 | 301410 |
| Shimano, Inc. | 1500 | 217090 |
| Shin-Etsu Chemical Company, Ltd. | 12100 | 399745 |
| Shionogi & Company, Ltd. | 17600 | 316068 |
| Suntory Beverage & Food, Ltd. | 7400 | 236173 |
| Suzuki Motor Corporation | 28300 | 341493 |
| Yokogawa Electric Corporation | 12700 | 338942 |
|  |  | 6699737 |
| **Mexico - 5.8%** | **Mexico - 5.8%** |  |
| America Movil SAB de CV <sup>(a)</sup> | 683009 | 607376 |
| Cemex SAB de CV | 451800 | 310654 |
| Fomento Economico Mexicano SAB de CV | 32096 | 327960 |
| Grupo Mexico SAB de CV - Class B | 74554 | 446921 |
| Wal-Mart de Mexico SAB de CV | 101731 | 334293 |
|  |  | 2027204 |
| **Netherlands - 1.0%** | **Netherlands - 1.0%** |  |
| Euronext NV <sup>(b)</sup> | 2052 | 349507 |
| **Norway - 1.6%** | **Norway - 1.6%** |  |
| Mowi ASA | 15915 | 306043 |
| Norsk Hydro ASA | 41577 | 236404 |
|  |  | 542447 |
| **Poland - 0.8%** | **Poland - 0.8%** |  |
| LPP SA | 71 | 288224 |
| **South Africa - 2.1%** | **South Africa - 2.1%** |  |
| Gold Fields, Ltd. | 17446 | 408170 |
| Harmony Gold Mining Company, Ltd. | 24428 | 336511 |
|  |  | 744681 |
| **South Korea - 8.3%** | **South Korea - 8.3%** |  |
| Kia Corporation | 7352 | 527867 |
| LG Electronics, Inc. | 6223 | 340291 |
| Samsung C&T Corporation | 3166 | 378625 |
| Samsung Electronics Company, Ltd. - GDR | 623 | 685923 |
| SK Hynix, Inc. | 4486 | 970593 |
|  |  | 2903299 |
| **Sweden - 5.4%** | **Sweden - 5.4%** |  |
| Assa Abloy AB - Class B | 8888 | 275302 |
| Essity AB - Class B | 9500 | 261164 |
| H & M Hennes & Mauritz AB - Class B | 23507 | 327802 |
| Sandvik AB | 13487 | 306947 |
| SKF AB - Class B | 12260 | 279279 |
| Volvo AB - Class B | 15626 | 435149 |
|  |  | 1885643 |
| **Switzerland - 3.5%** | **Switzerland - 3.5%** |  |
| Novartis AG | 4322 | 522169 |
| Roche Holding AG - ADR | 16943 | 690597 |
|  |  | 1212766 |
| **Taiwan - 1.5%** | **Taiwan - 1.5%** |  |
| Taiwan Semiconductor Manufacturing Company, Ltd. - ADR | 2275 | 515265 |
| **United Kingdom - 6.2%** | **United Kingdom - 6.2%** |  |
| Auto Trader Group PLC <sup>(b)</sup> | 20749 | 234405 |
| British American Tobacco PLC - ADR | 14760 | 698591 |
| Bunzl PLC | 9533 | 303075 |
| Imperial Brands PLC | 10662 | 420349 |
| Intertek Group PLC | 3576 | 232278 |
| JD Sports Fashion PLC | 237034 | 288245 |
|  |  | 2176943 |
| **TOTAL COMMON STOCKS** (Cost $31,061,493) | **TOTAL COMMON STOCKS** (Cost $31,061,493) | 34451552 |
| **PREFERRED STOCKS - 1.0%** | **Shares** | **Value**  |
| **Germany - 1.0%** | **Germany - 1.0%** |  |
|  Dr Ing hc F Porsche AG, 0.00% <sup>(b)</sup> | 7100 | 349541 |
| **TOTAL PREFERRED STOCKS** (Cost $483,115) | **TOTAL PREFERRED STOCKS** (Cost $483,115) | 349541 |
| **WARRANTS - 0.0%<sup>(c)</sup>** | **Contracts** | **Value**  |
| **Canada *-* 0.0%<sup>(c)</sup>** | **Canada *-* 0.0%<sup>(c)</sup>** |  |
| Constellation Software, Inc., Expires 03/31/2040, Exercise Price $0.00 <sup>(a)(d)</sup> | 138 | 0 |
| **TOTAL WARRANTS** (Cost $0) | **TOTAL WARRANTS** (Cost $0) | 0 |
| **SHORT-TERM INVESTMENTS - 0.2%** |  | **Value**  |
| **Money Market Funds - 0.2%** | **<u>Shares</u>** |  |
| First American Government Obligations Fund - Class X, 4.25% <sup>(e)</sup> | 68613 | 68613 |
| **TOTAL SHORT-TERM INVESTMENTS** (Cost $68,613) | **TOTAL SHORT-TERM INVESTMENTS** (Cost $68,613) | 68613 |
| **TOTAL INVESTMENTS - 100.0% (**Cost $31,613,221**)** | **TOTAL INVESTMENTS - 100.0% (**Cost $31,613,221**)** | 34869706 |
| Other Assets in Excess of Liabilities - 0.0% <sup>(c)</sup> | Other Assets in Excess of Liabilities - 0.0% <sup>(c)</sup> | 5420 |
| **TOTAL NET ASSETS - 100.0%** |  | $34875126 |
| two | two | –% |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. | –% |

---

---

| |
|:---|
| ADR - American Depositary Receipt |
| ASA - Advanced Subscription Agreement |
| GDR - Global Depositary Receipt |
| PLC - Public Limited Company |

---

(a) Non-income producing security.

(b) Security is exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may only be resold in transactions exempt from registration to qualified
 institutional investors. As of June 30, 2025, the value of these securities total $2,137,162 or 6.1% of the Fund's net assets.

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

(d) Fair value determined using significant unobservable inputs in accordance with procedures established by and under the supervision of the Adviser, acting as Valuation Designee. These securities
 represented $0 or 0.0% of net assets as of June 30, 2025.

(e) The rate shown represents the 7-day annualized effective yield as of June 30, 2025.

------

#### <br>

#### Summary of Fair Value Disclosure as of June 30, 2025 (Unaudited)
Distillate International Fundamental Stability & Value 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 June 30, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** | | | | |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | $34451552 | $– | $– | $34451552 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Preferred Stocks | 349541 | – | – | 349541 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Warrants | – | – | 0 | 0 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Money Market Funds | 68613 | – | – | 68613 |
| Total Investments | $34869706 | $– | $0 | $34869706 |
| 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. |
| Changes in valuation techniques may result in transfers into or out of assigned levels within the fair value hierarchy. There were no transfers into or out of Level 3 during the reporting period as compared to the security classifications from the prior year's annual report. | Changes in valuation techniques may result in transfers into or out of assigned levels within the fair value hierarchy. There were no transfers into or out of Level 3 during the reporting period as compared to the security classifications from the prior year's annual report. | Changes in valuation techniques may result in transfers into or out of assigned levels within the fair value hierarchy. There were no transfers into or out of Level 3 during the reporting period as compared to the security classifications from the prior year's annual report. | Changes in valuation techniques may result in transfers into or out of assigned levels within the fair value hierarchy. There were no transfers into or out of Level 3 during the reporting period as compared to the security classifications from the prior year's annual report. | Changes in valuation techniques may result in transfers into or out of assigned levels within the fair value hierarchy. There were no transfers into or out of Level 3 during the reporting period as compared to the security classifications from the prior year's annual report. |

---

## 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:** Distillate International Fundamental Stability & Value ETF

- **b. EDGAR series identifier (if any):** S000070185

- **c. LEI of Series:** 549300UKM064HH8J4M75

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

- **a. Date of fiscal year-end:** 2025-09-30

- **b. Date as of which information is reported:** 2025-06-30

**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:** $48785192.72

**Total Liabilities:** $6907352.22

**Net Assets:** $41877840.50

**Cash Not Reported:** $15571.86

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000223218 | 3.82%                | 3.91%                | 4.59%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-348881.36              | $1295332.11                                |
| Month 2  | $172076.69               | $964565.87                                 |
| Month 3  | $1475.95                 | $1469121.37                                |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Associated British Foods PLC   | Associated British Foods PLC                   | CUSIP: N/A<br>LEI: GBQKSY6W7G0OHCQ8OQ72       | Long             | EC               | CORP              | GB        |     12068 | NS      | $340339.63    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Carlsberg AS                   | Carlsberg AS                                   | CUSIP: N/A<br>LEI: 5299001O0WJQYB5GYZ19       | Long             | EC               | CORP              | DK        |      2818 | NS      | $397884.33    | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| CSPC Pharmaceutical Group Ltd  | CSPC Pharmaceutical Group Ltd                  | CUSIP: N/A<br>LEI: 529900M3XQCW234H8O91       | Long             | EC               | CORP              | CN        |    460000 | NS      | $451210.19    | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinor ASA                    | Equinor ASA                                    | CUSIP: N/A<br>LEI: OW6OFBNCKXC4US5C7523       | Long             | EC               | CORP              | NO        |     23196 | NS      | $584730.73    | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian Natural Resources Ltd | Canadian Natural Resources Ltd                 | CUSIP: 136385101<br>LEI: 549300T15RIMIKZC5Q38 | Long             | EC               | CORP              | CA        |     16261 | NS      | $510055.55    | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Cie de Saint-Gobain SA         | Cie de Saint-Gobain SA                         | CUSIP: N/A<br>LEI: NFONVGN05Z0FMN5PEC35       | Long             | EC               | CORP              | FR        |      4451 | NS      | $520598.24    | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Bunzl PLC                      | Bunzl PLC                                      | CUSIP: N/A<br>LEI: 213800Q1Q9DV4L78UM09       | Long             | EC               | CORP              | GB        |      6446 | NS      | $204932.17    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Bureau Veritas SA              | Bureau Veritas SA                              | CUSIP: N/A<br>LEI: 969500TPU5T3HA5D1F11       | Long             | EC               | CORP              | FR        |      9889 | NS      | $335940.44    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| CGI Inc                        | CGI Inc                                        | CUSIP: 12532H104<br>LEI: 549300WSRCZY73ZG3090 | Long             | EC               | CORP              | CA        |      3000 | NS      | $314422.87    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Zhejiang Leapmotor Technology  | Zhejiang Leapmotor Technology Co Ltd           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |     49200 | NS      | $342833.12    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| JD Logistics Inc               | JD Logistics Inc                               | CUSIP: G5074S101<br>LEI: 655600LWTFVMV3E2A890 | Long             | EC               | CORP              | CN        |    199300 | NS      | $333605.35    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Auto Trader Group PLC          | Auto Trader Group PLC                          | CUSIP: N/A<br>LEI: 213800QLK9BZILB1DI86       | Long             | EC               | CORP              | GB        |     25047 | NS      | $282960.33    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| STMicroelectronics NV          | STMicroelectronics NV                          | CUSIP: N/A<br>LEI: 213800Z8NOHIKRI42W10       | Long             | EC               | CORP              | CH        |     14673 | NS      | $446700.62    | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Yokogawa Electric Corp         | Yokogawa Electric Corp                         | CUSIP: N/A<br>LEI: 529900MV0U7C9WWF4L22       | Long             | EC               | CORP              | JP        |     15600 | NS      | $416338.40    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Recordati Industria Chimica e  | Recordati Industria Chimica e Farmaceutica SpA | CUSIP: N/A<br>LEI: 815600FBF92FD3531704       | Long             | EC               | CORP              | IT        |      5798 | NS      | $363438.43    | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Gildan Activewear Inc          | Gildan Activewear Inc                          | CUSIP: 375916103<br>LEI: 549300SB3IBI34M00Z45 | Long             | EC               | CORP              | CA        |      5840 | NS      | $287185.05    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Government Obli | First American Government Obligations Fund     | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |     58706 | NS      | $58705.95     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Heidelberg Materials AG        | Heidelberg Materials AG                        | CUSIP: N/A<br>LEI: LZ2C6E0W5W7LQMX5ZI37       | Long             | EC               | CORP              | DE        |      2185 | NS      | $511560.34    | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Harmony Gold Mining Co Ltd     | Harmony Gold Mining Co Ltd                     | CUSIP: N/A<br>LEI: 378900986D05F0C29811       | Long             | EC               | CORP              | ZA        |     26165 | NS      | $360439.12    | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Aluminum Corp of China Ltd     | Aluminum Corp of China Ltd                     | CUSIP: N/A<br>LEI: 529900TKZUWQLIQN6T48       | Long             | EC               | CORP              | CN        |    598000 | NS      | $402221.66    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| SK Hynix Inc                   | SK Hynix Inc                                   | CUSIP: N/A<br>LEI: 988400XAIK6XISWQV045       | Long             | EC               | CORP              | KR        |      5849 | NS      | $1265492.00   | 3.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Isuzu Motors Ltd               | Isuzu Motors Ltd                               | CUSIP: N/A<br>LEI: 529900C0QSXVCC7AR494       | Long             | EC               | CORP              | JP        |     22600 | NS      | $286401.74    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Lasertec Corp                  | Lasertec Corp                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      2900 | NS      | $389691.58    | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Geely Automobile Holdings Ltd  | Geely Automobile Holdings Ltd                  | CUSIP: N/A<br>LEI: 549300YS3T1KVQ2SNI84       | Long             | EC               | CORP              | HK        |    178000 | NS      | $361895.54    | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Murata Manufacturing Co Ltd    | Murata Manufacturing Co Ltd                    | CUSIP: N/A<br>LEI: 529900QZG6DL8ZRI7140       | Long             | EC               | CORP              | JP        |     17600 | NS      | $262455.61    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Denso Corp                     | Denso Corp                                     | CUSIP: N/A<br>LEI: 549300RYPA10CQM3QK38       | Long             | EC               | CORP              | JP        |     29200 | NS      | $394299.56    | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Danone SA                      | Danone SA                                      | CUSIP: N/A<br>LEI: 969500KMUQ2B6CBAF162       | Long             | EC               | CORP              | FR        |      5430 | NS      | $442099.78    | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Kingsoft Corp Ltd              | Kingsoft Corp Ltd                              | CUSIP: G5264Y108<br>LEI: 529900UVT35D3Q7YQY41 | Long             | EC               | CORP              | CN        |     58600 | NS      | $305317.20    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Nexon Co Ltd                   | Nexon Co Ltd                                   | CUSIP: N/A<br>LEI: 5299005SFO0GAJFLKN43       | Long             | EC               | CORP              | JP        |     18200 | NS      | $366658.59    | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| JD.com Inc                     | JD.com Inc                                     | CUSIP: G8208B101<br>LEI: 549300HVTWB0GJZ16V92 | Long             | EC               | CORP              | CN        |     24950 | NS      | $406510.19    | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Kuaishou Technology            | Kuaishou Technology                            | CUSIP: N/A<br>LEI: 300300FCDZBE6UP9ED24       | Long             | EC               | CORP              | CN        |     59800 | NS      | $482208.92    | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| JD Health International Inc    | JD Health International Inc                    | CUSIP: N/A<br>LEI: 254900OM3MAXYK8PCC84       | Long             | EC               | CORP              | CN        |     69600 | NS      | $381248.41    | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Ambev SA                       | Ambev SA                                       | CUSIP: 02319V103<br>LEI: 549300TH5Q6VRP8OT012 | Long             | EC               | CORP              | BR        |    198108 | NS      | $477440.28    | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Next PLC                       | Next PLC                                       | CUSIP: N/A<br>LEI: 213800WQD8ECPZP9PH98       | Long             | EC               | CORP              | GB        |      2326 | NS      | $396517.12    | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Genmab A/S                     | Genmab A/S                                     | CUSIP: N/A<br>LEI: 529900MTJPDPE4MHJ122       | Long             | EC               | CORP              | DK        |      1378 | NS      | $285104.94    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| H & M Hennes & Mauritz AB      | H & M Hennes & Mauritz AB                      | CUSIP: N/A<br>LEI: 529900O5RR7R39FRDM42       | Long             | EC               | CORP              | SE        |     29880 | NS      | $416672.12    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Nitto Denko Corp               | Nitto Denko Corp                               | CUSIP: N/A<br>LEI: 3538009GX5P09USH2J25       | Long             | EC               | CORP              | JP        |     17100 | NS      | $330469.38    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Shionogi & Co Ltd              | Shionogi & Co Ltd                              | CUSIP: N/A<br>LEI: 35380049VXDTHZI3DY35       | Long             | EC               | CORP              | JP        |     21000 | NS      | $377126.24    | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Roche Holding AG               | Roche Holding AG                               | CUSIP: 771195104<br>LEI: 549300U41AUUVOAAOB37 | Long             | EC               | CORP              | CH        |     26386 | NS      | $1075493.36   | 2.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Volvo AB                       | Volvo AB                                       | CUSIP: 928856301<br>LEI: 549300HGV012CNC8JD22 | Long             | EC               | CORP              | SE        |     13556 | NS      | $377503.82    | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Yangzijiang Shipbuilding Holdi | Yangzijiang Shipbuilding Holdings Ltd          | CUSIP: N/A<br>LEI: 254900Z3JEM14YIGLM66       | Long             | EC               | CORP              | CN        |    189800 | NS      | $330825.58    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Telkom Indonesia Persero Tbk P | Telkom Indonesia Persero Tbk PT                | CUSIP: N/A<br>LEI: 529900M5SQZAOKV1PC81       | Long             | EC               | CORP              | ID        |   2292800 | NS      | $392607.58    | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Imperial Brands PLC            | Imperial Brands PLC                            | CUSIP: N/A<br>LEI: 549300DFVPOB67JL3A42       | Long             | EC               | CORP              | GB        |     12243 | NS      | $482680.28    | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Capgemini SE                   | Capgemini SE                                   | CUSIP: N/A<br>LEI: 96950077L0TN7BAROX36       | Long             | EC               | CORP              | FR        |      2061 | NS      | $350919.18    | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Publicis Groupe SA             | Publicis Groupe SA                             | CUSIP: N/A<br>LEI: 2138004KW8BV57III342       | Long             | EC               | CORP              | FR        |      3034 | NS      | $340759.62    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Otsuka Corp                    | Otsuka Corp                                    | CUSIP: N/A<br>LEI: 529900RG9DJ58J3UIE72       | Long             | EC               | CORP              | JP        |     10700 | NS      | $217526.05    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Gold Fields Ltd                | Gold Fields Ltd                                | CUSIP: N/A<br>LEI: 5299003KXIBJQYCBBD72       | Long             | EC               | CORP              | ZA        |     18708 | NS      | $437696.41    | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Niterra Co Ltd                 | Niterra Co Ltd                                 | CUSIP: N/A<br>LEI: 549300RG3XQGTFM4HH31       | Long             | EC               | CORP              | JP        |      8700 | NS      | $289106.58    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Toyota Tsusho Corp             | Toyota Tsusho Corp                             | CUSIP: N/A<br>LEI: 549300CEE2ENIUJNXB84       | Long             | EC               | CORP              | JP        |     15600 | NS      | $353050.64    | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Novartis AG                    | Novartis AG                                    | CUSIP: N/A<br>LEI: 5493007HIVTX6SY6XD66       | Long             | EC               | CORP              | CH        |      6864 | NS      | $829285.03    | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Unilever PLC                   | Unilever PLC                                   | CUSIP: N/A<br>LEI: 549300MKFYEKVRWML317       | Long             | EC               | CORP              | GB        |      9905 | NS      | $600619.74    | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| SKF AB                         | SKF AB                                         | CUSIP: N/A<br>LEI: 549300B6HWYEE57O8J84       | Long             | EC               | CORP              | SE        |     15537 | NS      | $353928.76    | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| DSV A/S                        | DSV A/S                                        | CUSIP: N/A<br>LEI: 529900X41C0BSLK67H70       | Long             | EC               | CORP              | DK        |      2093 | NS      | $501203.00    | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| MatsukiyoCocokara & Co         | MatsukiyoCocokara & Co                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     16200 | NS      | $332815.26    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Otsuka Holdings Co Ltd         | Otsuka Holdings Co Ltd                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |      6700 | NS      | $331695.11    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| PRIO SA/Brazil                 | PRIO SA/Brazil                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |     41686 | NS      | $323231.95    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Open Text Corp                 | Open Text Corp                                 | CUSIP: 683715106<br>LEI: 549300HP7ONDQODZJV16 | Long             | EC               | CORP              | CA        |      8700 | NS      | $253699.52    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsung Electronics Co Ltd     | Samsung Electronics Co Ltd                     | CUSIP: 796050888<br>LEI: 9884007ER46L6N7EI764 | Long             | EC               | CORP              | KR        |       923 | NS      | $1016223.00   | 2.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Teleperformance SE             | Teleperformance SE                             | CUSIP: N/A<br>LEI: 9695004GI61FHFFNRG61       | Long             | EC               | CORP              | FR        |      3337 | NS      | $322457.85    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| NIDEC CORP                     | NIDEC CORP                                     | CUSIP: N/A<br>LEI: 353800IF171MZTNL6Y31       | Long             | EC               | CORP              | JP        |     15300 | NS      | $297113.09    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Star Resources Ltd    | Northern Star Resources Ltd                    | CUSIP: N/A<br>LEI: 254900XFXCRYYZAX6M78       | Long             | EC               | CORP              | AU        |     29467 | NS      | $358223.25    | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Secom Co Ltd                   | Secom Co Ltd                                   | CUSIP: N/A<br>LEI: 529900TYCL9N3E9PGE47       | Long             | EC               | CORP              | JP        |      9500 | NS      | $340880.61    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Shimano Inc                    | Shimano Inc                                    | CUSIP: N/A<br>LEI: 529900L32YT3P9DECR10       | Long             | EC               | CORP              | JP        |      2000 | NS      | $289452.73    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| TSMC                           | Taiwan Semiconductor Manufacturing Co Ltd      | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |      4241 | NS      | $960544.09    | 2.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Sandvik AB                     | Sandvik AB                                     | CUSIP: N/A<br>LEI: 5299008ZUAXN43LVZF54       | Long             | EC               | CORP              | SE        |     16929 | NS      | $385282.89    | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Suntory Beverage & Food Ltd    | Suntory Beverage & Food Ltd                    | CUSIP: N/A<br>LEI: 549300FONLMVK7YYYH41       | Long             | EC               | CORP              | JP        |      8800 | NS      | $280854.30    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Michelin                       | Cie Generale des Etablissements Michelin SCA   | CUSIP: N/A<br>LEI: 549300SOSI58J6VIW052       | Long             | EC               | CORP              | FR        |     11089 | NS      | $410549.43    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| MINISO Group Holding Ltd       | MINISO Group Holding Ltd                       | CUSIP: N/A<br>LEI: 2549006PIKT2YKNBL092       | Long             | EC               | CORP              | CN        |     60800 | NS      | $275729.94    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsung C&T Corp               | Samsung C&T Corp                               | CUSIP: N/A<br>LEI: 988400GFRE4IDFPE9E64       | Long             | EC               | CORP              | KR        |      3702 | NS      | $442725.84    | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| British American Tobacco PLC   | British American Tobacco PLC                   | CUSIP: 110448107<br>LEI: 213800FKA5MF17RJKT63 | Long             | EC               | CORP              | GB        |     19868 | NS      | $940352.44    | 2.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Mexico SAB de CV         | Grupo Mexico SAB de CV                         | CUSIP: P49538112<br>LEI: 529900JWLZAYET2ZGW20 | Long             | EC               | CORP              | MX        |     68154 | NS      | $408556.03    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| LVMH Moet Hennessy Louis Vuitt | LVMH Moet Hennessy Louis Vuitton SE            | CUSIP: N/A<br>LEI: IOG4E947OATN0KJYSD45       | Long             | EC               | CORP              | FR        |       893 | NS      | $466049.77    | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Magna International Inc        | Magna International Inc                        | CUSIP: 559222401<br>LEI: 95RWVLFZX6VGDZNNTN43 | Long             | EC               | CORP              | CA        |      7661 | NS      | $295791.21    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Shin-Etsu Chemical Co Ltd      | Shin-Etsu Chemical Co Ltd                      | CUSIP: N/A<br>LEI: 353800PX8Q64N86H5W41       | Long             | EC               | CORP              | JP        |     15500 | NS      | $512070.34    | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Deutsche Boerse AG             | Deutsche Boerse AG                             | CUSIP: N/A<br>LEI: 529900G3SW56SHYNPR95       | Long             | EC               | CORP              | DE        |      1389 | NS      | $451477.99    | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Norsk Hydro ASA                | Norsk Hydro ASA                                | CUSIP: N/A<br>LEI: 549300N1SDN71ZZ8BO45       | Long             | EC               | CORP              | NO        |     51023 | NS      | $290113.68    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| China Coal Energy Co Ltd       | China Coal Energy Co Ltd                       | CUSIP: N/A<br>LEI: 529900KRC89344UI3Z10       | Long             | EC               | CORP              | CN        |    329000 | NS      | $380550.32    | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck KGaA                     | Merck KGaA                                     | CUSIP: N/A<br>LEI: 529900OAREIS0MOPTW25       | Long             | EC               | CORP              | DE        |      2387 | NS      | $308216.93    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Kia Corp                       | Kia Corp                                       | CUSIP: N/A<br>LEI: 988400V8MJK9N7OI5X76       | Long             | EC               | CORP              | KR        |      8927 | NS      | $640950.13    | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Puma SE                        | Puma SE                                        | CUSIP: N/A<br>LEI: 529900GRZ2BQY5ZM9N49       | Long             | EC               | CORP              | DE        |     12341 | NS      | $335795.73    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Legrand SA                     | Legrand SA                                     | CUSIP: N/A<br>LEI: 969500XXRPGD7HCAFA90       | Long             | EC               | CORP              | FR        |      2921 | NS      | $389169.50    | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Tourmaline Oil Corp            | Tourmaline Oil Corp                            | CUSIP: 89156V106<br>LEI: 894500I7AXG91VB3PM28 | Long             | EC               | CORP              | CA        |      5752 | NS      | $276955.95    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Pandora A/S                    | Pandora A/S                                    | CUSIP: N/A<br>LEI: 5299007OWYZ6I1E46843       | Long             | EC               | CORP              | DK        |      1727 | NS      | $302152.99    | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| WH Group Ltd                   | WH Group Ltd                                   | CUSIP: N/A<br>LEI: 254900A4AYEDRWYSE928       | Long             | EC               | CORP              | HK        |    389500 | NS      | $374614.65    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| JD Sports Fashion PLC          | JD Sports Fashion PLC                          | CUSIP: G5144Y120<br>LEI: 213800HROV6Y9MUU8375 | Long             | EC               | CORP              | GB        |    346267 | NS      | $421077.83    | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Aker BP ASA                    | Aker BP ASA                                    | CUSIP: N/A<br>LEI: 549300NFTY73920OYK69       | Long             | EC               | CORP              | NO        |     13491 | NS      | $343684.08    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Vinci SA                       | Vinci SA                                       | CUSIP: N/A<br>LEI: 213800WFQ334R8UXUG83       | Long             | EC               | CORP              | FR        |      4528 | NS      | $664928.75    | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Essity AB                      | Essity AB                                      | CUSIP: N/A<br>LEI: 549300G8E6YUVJ1DA153       | Long             | EC               | CORP              | SE        |     11393 | NS      | $313204.69    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Dr Ing hc F Porsche AG         | Dr Ing hc F Porsche AG                         | CUSIP: N/A<br>LEI: 529900EWEX125AULXI58       | Long             | EP               | CORP              | DE        |      8827 | NS      | $434563.19    | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Boliden AB                     | Boliden AB                                     | CUSIP: N/A<br>LEI: 21380059QU7IM1ONDJ56       | Long             | EC               | CORP              | SE        |      9137 | NS      | $282918.73    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Zalando SE                     | Zalando SE                                     | CUSIP: N/A<br>LEI: 529900YRFFGH5AXU4S86       | Long             | EC               | CORP              | DE        |      9557 | NS      | $313555.76    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| CONSTELLATION SOFTWARE INC     | Constellation Software Inc/Canada              | CUSIP: 21037X134<br>LEI: 549300B6PYHMCTDWQV29 | N/A              | DE               | CORP              | CA        |       138 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Assa Abloy AB                  | Assa Abloy AB                                  | CUSIP: N/A<br>LEI: 549300YECS8HKCIMMB67       | Long             | EC               | CORP              | SE        |     10887 | NS      | $337220.10    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Sonic Healthcare Ltd           | Sonic Healthcare Ltd                           | CUSIP: N/A<br>LEI: 549300NQQ5L2NONWR862       | Long             | EC               | CORP              | AU        |     16198 | NS      | $284385.88    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| TFI International Inc          | TFI International Inc                          | CUSIP: 87241L109<br>LEI: 5493007R9W7KO7SJN678 | Long             | EC               | CORP              | CA        |      4076 | NS      | $365152.25    | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| America Movil SAB de CV        | America Movil SAB de CV                        | CUSIP: N/A<br>LEI: 5493000FNR3UCEAONM59       | Long             | EC               | CORP              | MX        |    627909 | NS      | $558377.68    | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| TIM SA/Brazil                  | TIM SA/Brazil                                  | CUSIP: N/A<br>LEI: 529900QI0CH1DN5ZCS77       | Long             | EC               | CORP              | BR        |     94468 | NS      | $378886.29    | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Wal-Mart de Mexico SAB de CV   | Wal-Mart de Mexico SAB de CV                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MX        |    127731 | NS      | $419730.07    | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Fomento Economico Mexicano SAB | Fomento Economico Mexicano SAB de CV           | CUSIP: P4182H115<br>LEI: 549300A8MDWDJNMLV153 | Long             | EC               | CORP              | MX        |     38196 | NS      | $390289.85    | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Intertek Group PLC             | Intertek Group PLC                             | CUSIP: N/A<br>LEI: 2138003GAT25WW1RN369       | Long             | EC               | CORP              | GB        |      4339 | NS      | $281838.19    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Japan Tobacco Inc              | Japan Tobacco Inc                              | CUSIP: N/A<br>LEI: 353800Z0ENYBQO0XRJ31       | Long             | EC               | CORP              | JP        |     14500 | NS      | $426432.21    | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Euronext NV                    | Euronext NV                                    | CUSIP: N/A<br>LEI: 724500QJ4QSZ3H9QU415       | Long             | EC               | CORP              | NL        |      2472 | NS      | $421043.78    | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-22

**Name of Applicant:** ETF Series Solutions

**Signature:** /s/ Kristen Weitzel

**Name of Signer:** ETF Series Solutions

**Title:** Treasurer