# EDGAR Filing Document

**Accession Number:** 0001540305
**File Stem:** 0000894189-25-013076
**Filing Date:** 2025-10
**Character Count:** 33349
**Document Hash:** a4444b225d4781c0da78e7a4bce26a6d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-25-013076.hdr.sgml**: 20251030

**ACCESSION NUMBER**: 0000894189-25-013076

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250831

**FILED AS OF DATE**: 20251030

**DATE AS OF CHANGE**: 20251030

**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:** 251433616

**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

### U.S. Diversified Real Estate ETF (Series ID: S000061208)

| Class ID   | Class Name                       | Ticker Symbol   |
|:---|:---|:---|
| C000198249 | U.S. Diversified Real Estate ETF | PPTY            |

## 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:** U.S. Diversified Real Estate ETF

- **b. EDGAR series identifier (if any):** S000061208

- **c. LEI of Series:** 549300RLPYZATE397T12

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

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

- **b. Date as of which information is reported:** 2025-08-31

**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:** $37380154.18

**Total Liabilities:** $16213.82

**Net Assets:** $37363940.36

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000198249 | 0.07%                | -1.62%               | 5.02%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $41169.45                | $-261670.76                                |
| Month 2  | $3811.49                 | $-606051.32                                |
| Month 3  | $-1977480.73             | $3727671.71                                |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| AvalonBay Communities Inc              | AvalonBay Communities Inc              | CUSIP: 053484101<br>LEI: K9G90K85RBWD2LAGQX17 | Long             | EC               | CORP              | US        |      6986 | NS      | $1368208.10   | 3.66%             |  |  |  | No            | 1                  | On Loan: No      |
| BXP Inc                                | BXP Inc                                | CUSIP: 101121101<br>LEI: 549300OF70FSEUQBT254 | Long             | EC               | CORP              | US        |     11107 | NS      | $805368.57    | 2.16%             |  |  |  | No            | 1                  | On Loan: No      |
| Brixmor Property Group Inc             | Brixmor Property Group Inc             | CUSIP: 11120U105<br>LEI: 5299007UXW6Y0W2EGZ95 | Long             | EC               | CORP              | US        |     12812 | NS      | $358607.88    | 0.96%             |  |  |  | No            | 1                  | On Loan: No      |
| Broadstone Net Lease Inc               | Broadstone Net Lease Inc               | CUSIP: 11135E203<br>LEI: 549300U8D7PT70B49V21 | Long             | EC               | CORP              | US        |      2624 | NS      | $48780.16     | 0.13%             |  |  |  | No            | 1                  | On Loan: No      |
| Camden Property Trust                  | Camden Property Trust                  | CUSIP: 133131102<br>LEI: 5493002MYX22OHYJBD89 | Long             | EC               | CORP              | US        |      4919 | NS      | $550829.62    | 1.47%             |  |  |  | No            | 1                  | On Loan: No      |
| CareTrust REIT Inc                     | CareTrust REIT Inc                     | CUSIP: 14174T107<br>LEI: 5493001NVXE2B9GPLU96 | Long             | EC               | CORP              | US        |      4564 | NS      | $157047.24    | 0.42%             |  |  |  | No            | 1                  | On Loan: No      |
| Centerspace                            | Centerspace                            | CUSIP: 15202L107<br>LEI: 5493002LG2SH9EEHT720 | Long             | EC               | CORP              | US        |       641 | NS      | $38139.50     | 0.10%             |  |  |  | No            | 1                  | On Loan: No      |
| Choice Hotels International In         | Choice Hotels International Inc        | CUSIP: 169905106<br>LEI: 5493003CYRY5RFGTIR97 | Long             | EC               | CORP              | US        |      1185 | NS      | $141702.30    | 0.38%             |  |  |  | No            | 1                  | On Loan: No      |
| COPT Defense Properties                | COPT Defense Properties                | CUSIP: 22002T108<br>LEI: YY1J47X6LF9TYY8JY420 | Long             | EC               | CORP              | US        |     23495 | NS      | $676186.10    | 1.81%             |  |  |  | No            | 1                  | On Loan: No      |
| Cousins Properties Inc                 | Cousins Properties Inc                 | CUSIP: 222795502<br>LEI: 5493007XPYD5EJABN062 | Long             | EC               | CORP              | US        |     23476 | NS      | $692307.24    | 1.85%             |  |  |  | No            | 1                  | On Loan: No      |
| CubeSmart                              | CubeSmart                              | CUSIP: 229663109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3250 | NS      | $132990.00    | 0.36%             |  |  |  | No            | 1                  | On Loan: No      |
| DiamondRock Hospitality Co             | DiamondRock Hospitality Co             | CUSIP: 252784301<br>LEI: 529900KKD4BPVBUAQ734 | Long             | EC               | CORP              | US        |     12786 | NS      | $109448.16    | 0.29%             |  |  |  | No            | 1                  | On Loan: No      |
| Digital Realty Trust Inc               | Digital Realty Trust Inc               | CUSIP: 253868103<br>LEI: 549300HKCZ31D08NEI41 | Long             | EC               | CORP              | US        |      7296 | NS      | $1223101.44   | 3.27%             |  |  |  | No            | 1                  | On Loan: No      |
| DigitalBridge Group Inc                | DigitalBridge Group Inc                | CUSIP: 25401T603<br>LEI: 549300XG87L902AGBO89 | Long             | EC               | CORP              | US        |     15795 | NS      | $180220.95    | 0.48%             |  |  |  | No            | 1                  | On Loan: No      |
| Douglas Emmett Inc                     | Douglas Emmett Inc                     | CUSIP: 25960P109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10226 | NS      | $165763.46    | 0.44%             |  |  |  | No            | 1                  | On Loan: No      |
| Easterly Government Properties         | Easterly Government Properties Inc     | CUSIP: 27616P301<br>LEI: 549300ERMCEFC6S8HL77 | Long             | EC               | CORP              | US        |      6459 | NS      | $147846.51    | 0.40%             |  |  |  | No            | 1                  | On Loan: No      |
| EastGroup Properties Inc               | EastGroup Properties Inc               | CUSIP: 277276101<br>LEI: 31TIGQQZC4P6JMHKSW85 | Long             | EC               | CORP              | US        |      4198 | NS      | $711812.88    | 1.91%             |  |  |  | No            | 1                  | On Loan: No      |
| Empire State Realty Trust Inc          | Empire State Realty Trust Inc          | CUSIP: 292104106<br>LEI: 549300VOKY1DUEQSB456 | Long             | EC               | CORP              | US        |     42420 | NS      | $324513.00    | 0.87%             |  |  |  | No            | 1                  | On Loan: No      |
| Equinix Inc                            | Equinix Inc                            | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               | CORP              | US        |      1801 | NS      | $1415928.19   | 3.79%             |  |  |  | No            | 1                  | On Loan: No      |
| Equity LifeStyle Properties In         | Equity LifeStyle Properties Inc        | CUSIP: 29472R108<br>LEI: 529900PEQG66LENB6798 | Long             | EC               | CORP              | US        |      4471 | NS      | $269556.59    | 0.72%             |  |  |  | No            | 1                  | On Loan: No      |
| Equity Residential                     | Equity Residential                     | CUSIP: 29476L107<br>LEI: 5493008RACSH5EP3PI59 | Long             | EC               | CORP              | US        |     15944 | NS      | $1054217.28   | 2.82%             |  |  |  | No            | 1                  | On Loan: No      |
| Essential Properties Realty Tr         | Essential Properties Realty Trust Inc  | CUSIP: 29670E107<br>LEI: 2549009LXQLVYCGLZO50 | Long             | EC               | CORP              | US        |      1187 | NS      | $37176.84     | 0.10%             |  |  |  | No            | 1                  | On Loan: No      |
| Elme Communities                       | Elme Communities                       | CUSIP: 939653101<br>LEI: 549300DI34BGS8LVKW95 | Long             | EC               | CORP              | US        |      2309 | NS      | $39437.72     | 0.11%             |  |  |  | No            | 1                  | On Loan: No      |
| Essex Property Trust Inc               | Essex Property Trust Inc               | CUSIP: 297178105<br>LEI: 549300TR2H2VEFX0NC60 | Long             | EC               | CORP              | US        |      2589 | NS      | $699573.69    | 1.87%             |  |  |  | No            | 1                  | On Loan: No      |
| Extra Space Storage Inc                | Extra Space Storage Inc                | CUSIP: 30225T102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1749 | NS      | $251121.42    | 0.67%             |  |  |  | No            | 1                  | On Loan: No      |
| Federal Realty Investment Trus         | Federal Realty Investment Trust        | CUSIP: 313745101<br>LEI: 549300FHEI1SLVZ0RB48 | Long             | EC               | CORP              | US        |      5913 | NS      | $594552.15    | 1.59%             |  |  |  | No            | 1                  | On Loan: No      |
| First Industrial Realty Trust          | First Industrial Realty Trust Inc      | CUSIP: 32054K103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10393 | NS      | $546671.80    | 1.46%             |  |  |  | No            | 1                  | On Loan: No      |
| Four Corners Property Trust In         | Four Corners Property Trust Inc        | CUSIP: 35086T109<br>LEI: 549300SVTPZPBDVNER42 | Long             | EC               | CORP              | US        |     55328 | NS      | $1432441.92   | 3.83%             |  |  |  | No            | 1                  | On Loan: No      |
| Getty Realty Corp                      | Getty Realty Corp                      | CUSIP: 374297109<br>LEI: 2549000P1W5SFJWCNP90 | Long             | EC               | CORP              | US        |     10385 | NS      | $296907.15    | 0.79%             |  |  |  | No            | 1                  | On Loan: No      |
| Healthcare Realty Trust Inc            | Healthcare Realty Trust Inc            | CUSIP: 42226K105<br>LEI: 549300L0I14L7I0VLX84 | Long             | EC               | CORP              | US        |      2308 | NS      | $40113.04     | 0.11%             |  |  |  | No            | 1                  | On Loan: No      |
| Healthpeak Properties Inc              | Healthpeak Properties Inc              | CUSIP: 42250P103<br>LEI: 254900M6MTMZM0I22L81 | Long             | EC               | CORP              | US        |      9470 | NS      | $169891.80    | 0.45%             |  |  |  | No            | 1                  | On Loan: No      |
| Highwoods Properties Inc               | Highwoods Properties Inc               | CUSIP: 431284108<br>LEI: ZIIGTYKL9T0X3HLTDX53 | Long             | EC               | CORP              | US        |     30161 | NS      | $950976.33    | 2.55%             |  |  |  | No            | 1                  | On Loan: No      |
| Hilton Worldwide Holdings Inc          | Hilton Worldwide Holdings Inc          | CUSIP: 43300A203<br>LEI: 549300HVGPK36ICB0B89 | Long             | EC               | CORP              | US        |      2385 | NS      | $658403.10    | 1.76%             |  |  |  | No            | 1                  | On Loan: No      |
| Host Hotels & Resorts Inc              | Host Hotels & Resorts Inc              | CUSIP: 44107P104<br>LEI: N6EL63S0K3PB1YFTDI24 | Long             | EC               | CORP              | US        |     13248 | NS      | $227998.08    | 0.61%             |  |  |  | No            | 1                  | On Loan: No      |
| Hyatt Hotels Corp                      | Hyatt Hotels Corp                      | CUSIP: 448579102<br>LEI: T27JQIMTYSH41TCD5186 | Long             | EC               | CORP              | US        |      1517 | NS      | $218872.76    | 0.59%             |  |  |  | No            | 1                  | On Loan: No      |
| Independence Realty Trust Inc          | Independence Realty Trust Inc          | CUSIP: 45378A106<br>LEI: 549300Z3L8NU44NQEB29 | Long             | EC               | CORP              | US        |     34936 | NS      | $632690.96    | 1.69%             |  |  |  | No            | 1                  | On Loan: No      |
| Innovative Industrial Properti         | Innovative Industrial Properties Inc   | CUSIP: 45781V101<br>LEI: 5493008BQ0545EZXRR30 | Long             | EC               | CORP              | US        |     12503 | NS      | $708419.98    | 1.90%             |  |  |  | No            | 1                  | On Loan: No      |
| InvenTrust Properties Corp             | InvenTrust Properties Corp             | CUSIP: 46124J201<br>LEI: 5493006BQYSOBYVUFA03 | Long             | EC               | CORP              | US        |      5742 | NS      | $170939.34    | 0.46%             |  |  |  | No            | 1                  | On Loan: No      |
| Invitation Homes Inc                   | Invitation Homes Inc                   | CUSIP: 46187W107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10804 | NS      | $338057.16    | 0.90%             |  |  |  | No            | 1                  | On Loan: No      |
| JBG SMITH Properties                   | JBG SMITH Properties                   | CUSIP: 46590V100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4110 | NS      | $88118.40     | 0.24%             |  |  |  | No            | 1                  | On Loan: No      |
| Kilroy Realty Corp                     | Kilroy Realty Corp                     | CUSIP: 49427F108<br>LEI: 549300CXXI18B214UN80 | Long             | EC               | CORP              | US        |     29587 | NS      | $1230523.33   | 3.29%             |  |  |  | No            | 1                  | On Loan: No      |
| Acadia Realty Trust                    | Acadia Realty Trust                    | CUSIP: 004239109<br>LEI: 254900C5XLB1YYJQSH07 | Long             | EC               | CORP              | US        |     23874 | NS      | $477718.74    | 1.28%             |  |  |  | No            | 1                  | On Loan: No      |
| Agree Realty Corp                      | Agree Realty Corp                      | CUSIP: 008492100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3711 | NS      | $269938.14    | 0.72%             |  |  |  | No            | 1                  | On Loan: No      |
| Alexander & Baldwin Inc                | Alexander & Baldwin Inc                | CUSIP: 014491104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3899 | NS      | $75406.66     | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Alexander's Inc                        | Alexander's Inc                        | CUSIP: 014752109<br>LEI: 549300TZM28P04U5R635 | Long             | EC               | CORP              | US        |       141 | NS      | $32477.94     | 0.09%             |  |  |  | No            | 1                  | On Loan: No      |
| Alexandria Real Estate Equitie         | Alexandria Real Estate Equities Inc    | CUSIP: 015271109<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | EC               | CORP              | US        |     12302 | NS      | $1014176.88   | 2.71%             |  |  |  | No            | 1                  | On Loan: No      |
| American Assets Trust Inc              | American Assets Trust Inc              | CUSIP: 024013104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8352 | NS      | $174556.80    | 0.47%             |  |  |  | No            | 1                  | On Loan: No      |
| American Homes 4 Rent                  | American Homes 4 Rent                  | CUSIP: 02665T306<br>LEI: 549300ZJUO7A58PNUW40 | Long             | EC               | CORP              | US        |     24349 | NS      | $872181.18    | 2.33%             |  |  |  | No            | 1                  | On Loan: No      |
| American Healthcare REIT Inc           | American Healthcare REIT Inc           | CUSIP: 398182303<br>LEI: 2549004GGE2APGNT6O92 | Long             | EC               | CORP              | US        |      4130 | NS      | $176722.70    | 0.47%             |  |  |  | No            | 1                  | On Loan: No      |
| Kimco Realty Corp                      | Kimco Realty Corp                      | CUSIP: 49446R109<br>LEI: 254900ARY41P4V1JL861 | Long             | EC               | CORP              | US        |     21241 | NS      | $477710.09    | 1.28%             |  |  |  | No            | 1                  | On Loan: No      |
| Kite Realty Group Trust                | Kite Realty Group Trust                | CUSIP: 49803T300<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     13185 | NS      | $300881.70    | 0.81%             |  |  |  | No            | 1                  | On Loan: No      |
| LTC Properties Inc                     | LTC Properties Inc                     | CUSIP: 502175102<br>LEI: 549300NRZP8IJG2KY677 | Long             | EC               | CORP              | US        |      3278 | NS      | $119647.00    | 0.32%             |  |  |  | No            | 1                  | On Loan: No      |
| LXP Industrial Trust                   | LXP Industrial Trust                   | CUSIP: 529043101<br>LEI: 549300S4MH2ICXDBFV43 | Long             | EC               | CORP              | US        |      5049 | NS      | $45844.92     | 0.12%             |  |  |  | No            | 1                  | On Loan: No      |
| Marriott International Inc/MD          | Marriott International Inc/MD          | CUSIP: 571903202<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | EC               | CORP              | US        |      2697 | NS      | $722418.42    | 1.93%             |  |  |  | No            | 1                  | On Loan: No      |
| Mid-America Apartment Communit         | Mid-America Apartment Communities Inc  | CUSIP: 59522J103<br>LEI: 549300FQZKFR5YNSHZ21 | Long             | EC               | CORP              | US        |      4526 | NS      | $659981.32    | 1.77%             |  |  |  | No            | 1                  | On Loan: No      |
| National HealthCare Corp               | National HealthCare Corp               | CUSIP: 635906100<br>LEI: 254900PTS11LS1JS2752 | Long             | EC               | CORP              | US        |      1102 | NS      | $125054.96    | 0.33%             |  |  |  | No            | 1                  | On Loan: No      |
| National Health Investors Inc          | National Health Investors Inc          | CUSIP: 63633D104<br>LEI: 549300ZPKZIG6DKDEC02 | Long             | EC               | CORP              | US        |      1827 | NS      | $143035.83    | 0.38%             |  |  |  | No            | 1                  | On Loan: No      |
| NNN REIT Inc                           | NNN REIT Inc                           | CUSIP: 637417106<br>LEI: 5493008JKH5SOTI0JS97 | Long             | EC               | CORP              | US        |       860 | NS      | $36902.60     | 0.10%             |  |  |  | No            | 1                  | On Loan: No      |
| NETSTREIT Corp                         | NETSTREIT Corp                         | CUSIP: 64119V303<br>LEI: 254900CJL0EDMEQ25Q84 | Long             | EC               | CORP              | US        |      8624 | NS      | $157732.96    | 0.42%             |  |  |  | No            | 1                  | On Loan: No      |
| UDR Inc                                | UDR Inc                                | CUSIP: 902653104<br>LEI: P3CH2EG5X6Z1XWU1OO74 | Long             | EC               | CORP              | US        |     18549 | NS      | $733983.93    | 1.96%             |  |  |  | No            | 1                  | On Loan: No      |
| UMH Properties Inc                     | UMH Properties Inc                     | CUSIP: 903002103<br>LEI: 529900OM5K3PJ11F0Q09 | Long             | EC               | CORP              | US        |      6188 | NS      | $97089.72     | 0.26%             |  |  |  | No            | 1                  | On Loan: No      |
| Urban Edge Properties                  | Urban Edge Properties                  | CUSIP: 91704F104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1853 | NS      | $38338.57     | 0.10%             |  |  |  | No            | 1                  | On Loan: No      |
| Ventas Inc                             | Ventas Inc                             | CUSIP: 92276F100<br>LEI: ORQTRC074CWLT3DKHT41 | Long             | EC               | CORP              | US        |      6408 | NS      | $436256.64    | 1.17%             |  |  |  | No            | 1                  | On Loan: No      |
| Sila Realty Trust Inc                  | Sila Realty Trust Inc                  | CUSIP: 146280508<br>LEI: 549300HXH142HWKKSW59 | Long             | EC               | CORP              | US        |      4422 | NS      | $110284.68    | 0.30%             |  |  |  | No            | 1                  | On Loan: No      |
| Omega Healthcare Investors Inc         | Omega Healthcare Investors Inc         | CUSIP: 681936100<br>LEI: 549300OJ7ENK42CZ8E73 | Long             | EC               | CORP              | US        |      5531 | NS      | $235454.67    | 0.63%             |  |  |  | No            | 1                  | On Loan: No      |
| Paramount Group Inc                    | Paramount Group Inc                    | CUSIP: 69924R108<br>LEI: 5493006GJU1CFI7Z5J17 | Long             | EC               | CORP              | US        |      5794 | NS      | $41716.80     | 0.11%             |  |  |  | No            | 1                  | On Loan: No      |
| Phillips Edison & Co Inc               | Phillips Edison & Co Inc               | CUSIP: 71844V201<br>LEI: 549300JPN4YHYPXTJQ85 | Long             | EC               | CORP              | US        |      8151 | NS      | $286833.69    | 0.77%             |  |  |  | No            | 1                  | On Loan: No      |
| Prologis Inc                           | Prologis Inc                           | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               | CORP              | US        |     13501 | NS      | $1536143.78   | 4.11%             |  |  |  | No            | 1                  | On Loan: No      |
| Public Storage                         | Public Storage                         | CUSIP: 74460D109<br>LEI: 254900GLQZAD4N7N5Q19 | Long             | EC               | CORP              | US        |      1156 | NS      | $340546.04    | 0.91%             |  |  |  | No            | 1                  | On Loan: No      |
| Realty Income Corp                     | Realty Income Corp                     | CUSIP: 756109104<br>LEI: 549300CUWDAUZSH43859 | Long             | EC               | CORP              | US        |      4200 | NS      | $246792.00    | 0.66%             |  |  |  | No            | 1                  | On Loan: No      |
| Regency Centers Corp                   | Regency Centers Corp                   | CUSIP: 758849103<br>LEI: 529900053A7X7FJ97S58 | Long             | EC               | CORP              | US        |      7934 | NS      | $575215.00    | 1.54%             |  |  |  | No            | 1                  | On Loan: No      |
| Rexford Industrial Realty Inc          | Rexford Industrial Realty Inc          | CUSIP: 76169C100<br>LEI: 549300MSLO0DF0EMX355 | Long             | EC               | CORP              | US        |       978 | NS      | $40498.98     | 0.11%             |  |  |  | No            | 1                  | On Loan: No      |
| Ryman Hospitality Properties I         | Ryman Hospitality Properties Inc       | CUSIP: 78377T107<br>LEI: 529900GCCWW9SRMPJR11 | Long             | EC               | CORP              | US        |      1709 | NS      | $168832.11    | 0.45%             |  |  |  | No            | 1                  | On Loan: No      |
| SL Green Realty Corp                   | SL Green Realty Corp                   | CUSIP: 78440X887<br>LEI: 549300VQZPJU97H3GT17 | Long             | EC               | CORP              | US        |       619 | NS      | $35214.91     | 0.09%             |  |  |  | No            | 1                  | On Loan: No      |
| Sabra Health Care REIT Inc             | Sabra Health Care REIT Inc             | CUSIP: 78573L106<br>LEI: 549300E3BC7GU7TAZ621 | Long             | EC               | CORP              | US        |      7975 | NS      | $152402.25    | 0.41%             |  |  |  | No            | 1                  | On Loan: No      |
| Simon Property Group Inc               | Simon Property Group Inc               | CUSIP: 828806109<br>LEI: 529900GQL5X8H7AO3T64 | Long             | EC               | CORP              | US        |      5519 | NS      | $997062.54    | 2.67%             |  |  |  | No            | 1                  | On Loan: No      |
| STAG Industrial Inc                    | STAG Industrial Inc                    | CUSIP: 85254J102<br>LEI: 549300QWYX2W6FASVQ07 | Long             | EC               | CORP              | US        |     24269 | NS      | $894312.65    | 2.39%             |  |  |  | No            | 1                  | On Loan: No      |
| Sun Communities Inc                    | Sun Communities Inc                    | CUSIP: 866674104<br>LEI: 549300H5GEOJYN41ZG57 | Long             | EC               | CORP              | US        |      3066 | NS      | $388983.42    | 1.04%             |  |  |  | No            | 1                  | On Loan: No      |
| Sunstone Hotel Investors Inc           | Sunstone Hotel Investors Inc           | CUSIP: 867892101<br>LEI: 529900ZQ2V52V96ATF67 | Long             | EC               | CORP              | US        |     13279 | NS      | $125884.92    | 0.34%             |  |  |  | No            | 1                  | On Loan: No      |
| Tanger Inc                             | Tanger Inc                             | CUSIP: 875465106<br>LEI: UKEW8YSXE4Y581KYOL30 | Long             | EC               | CORP              | US        |      9344 | NS      | $319377.92    | 0.85%             |  |  |  | No            | 1                  | On Loan: No      |
| Terreno Realty Corp                    | Terreno Realty Corp                    | CUSIP: 88146M101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     17784 | NS      | $1027381.68   | 2.75%             |  |  |  | No            | 1                  | On Loan: No      |
| U.S. Bank Money Market Deposit Account | U.S. Bank Money Market Deposit Account | CUSIP: 8AMMF0A84<br>LEI: N/A                  | Long             | STIV             | RF                | US        |     31391 | NS      | $31390.73     | 0.08%             |  |  |  | No            | N/A                | On Loan: No      |
| Vornado Realty Trust                   | Vornado Realty Trust                   | CUSIP: 929042109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     13770 | NS      | $523673.10    | 1.40%             |  |  |  | No            | 1                  | On Loan: No      |
| WP Carey Inc                           | WP Carey Inc                           | CUSIP: 92936U109<br>LEI: 54930042CRNE713E3Q67 | Long             | EC               | CORP              | US        |     10160 | NS      | $681736.00    | 1.82%             |  |  |  | No            | 1                  | On Loan: No      |
| Welltower Inc                          | Welltower Inc                          | CUSIP: 95040Q104<br>LEI: 254900F33BIAR82QTA19 | Long             | EC               | CORP              | US        |      6264 | NS      | $1054105.92   | 2.82%             |  |  |  | No            | 1                  | On Loan: No      |
| Wyndham Hotels & Resorts Inc           | Wyndham Hotels & Resorts Inc           | CUSIP: 98311A105<br>LEI: 549300FE3MQ4RVXXC673 | Long             | EC               | CORP              | US        |      1810 | NS      | $156764.10    | 0.42%             |  |  |  | No            | 1                  | On Loan: No      |
| Xenia Hotels & Resorts Inc             | Xenia Hotels & Resorts Inc             | CUSIP: 984017103<br>LEI: 54930075IWIPHF5IQL62 | Long             | EC               | CORP              | US        |      2760 | NS      | $38998.80     | 0.10%             |  |  |  | No            | 1                  | On Loan: No      |
| Americold Realty Trust Inc             | Americold Realty Trust Inc             | CUSIP: 03064D108<br>LEI: 894500O3S3W62PQPO460 | Long             | EC               | CORP              | US        |      2228 | NS      | $32172.32     | 0.09%             |  |  |  | No            | 1                  | On Loan: No      |
| Apartment Investment and Manag         | Apartment Investment and Management Co | CUSIP: 03748R747<br>LEI: 549300O8FT5GJ4RU1D57 | Long             | EC               | CORP              | US        |      4201 | NS      | $32893.83     | 0.09%             |  |  |  | No            | 1                  | On Loan: No      |
| Apple Hospitality REIT Inc             | Apple Hospitality REIT Inc             | CUSIP: 03784Y200<br>LEI: 549300EVZAR0FBZO4F16 | Long             | EC               | CORP              | US        |     10654 | NS      | $139141.24    | 0.37%             |  |  |  | No            | 1                  | On Loan: No      |
| Armada Hoffler Properties Inc          | Armada Hoffler Properties Inc          | CUSIP: 04208T108<br>LEI: 549300WQRSIV6XZT9313 | Long             | EC               | CORP              | US        |      5203 | NS      | $37877.84     | 0.10%             |  |  |  | No            | 1                  | On Loan: No      |

### Signature

**Date Signed:** 2025-10-30

**Name of Applicant:** ETF Series Solutions

**Signature:** /s/ Kristen Weitzel

**Name of Signer:** ETF Series Solutions

**Title:** Treasurer