# EDGAR Filing Document

**Accession Number:** 0001540305
**File Stem:** 0001145549-23-012550
**Filing Date:** 2023-2
**Character Count:** 30949
**Document Hash:** 35cf0464eec0880c9cebf6efba2cbb30
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-23-012550.hdr.sgml**: 20230228

**ACCESSION NUMBER**: 0001145549-23-012550

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230228

**DATE AS OF CHANGE**: 20230228

**PERIOD START**: 20221231

**FILER**: 

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22668
- **FILM NUMBER:** 23679684

**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

### Defiance Next Gen Connectivity ETF (Series ID: S000064804)

| Class ID   | Class Name                         | Ticker Symbol   |
|:---|:---|:---|
| C000209826 | Defiance Next Gen Connectivity ETF | FIVG            |

## 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:** Defiance Next Gen Connectivity ETF

- **b. EDGAR series identifier (if any):** S000064804

- **c. LEI of Series:** 549300K3LKK0EYI2HU78

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

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

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

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $746924583.35

**Total Liabilities:** $56754548.51

**Net Assets:** $690170034.84

**Cash Not Reported:** $3818201.55

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000209826 | 5.66%                | 7.60%                | -7.48%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $385115.48               | $39202741.42                               |
| Month 2  | $1046241.44              | $54380486.71                               |
| Month 3  | $-27888002.75            | $-31691727.53                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Marvell Technology Inc                    | Marvell Technology Inc                     | CUSIP: 573874104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    724277 | NS      | $26827220.08  | 3.89%             |  |  |  | No            |                  1 | On Loan: No      |
| MaxLinear Inc                             | MaxLinear Inc                              | CUSIP: 57776J100<br>LEI: 549300EMOI0SM2IY4F64 | Long             | EC               | CORP              | US        |    101806 | NS      | $3456313.70   | 0.50%             |  |  |  | No            |                  1 | On Loan: —       |
| National Instruments Corp                 | National Instruments Corp                  | CUSIP: 636518102<br>LEI: 549300TP4OOPCYWDUP86 | Long             | EC               | CORP              | US        |     90272 | NS      | $3331036.80   | 0.48%             |  |  |  | No            |                  1 | On Loan: —       |
| NetScout Systems Inc                      | NetScout Systems Inc                       | CUSIP: 64115T104<br>LEI: 5493005HZXZ3SPNVCV76 | Long             | EC               | CORP              | US        |     99843 | NS      | $3245895.93   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Nokia Oyj                                 | Nokia Oyj                                  | CUSIP: 654902204<br>LEI: 549300A0JPRWG1KI7U06 | Long             | EC               | CORP              | FI        |   6442102 | NS      | $29891353.28  | 4.33%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp                               | NVIDIA Corp                                | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |     43801 | NS      | $6401078.14   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Orange SA                                 | Orange SA                                  | CUSIP: 684060106<br>LEI: 969500MCOONR8990S771 | Long             | EC               | CORP              | FR        |    556844 | NS      | $5501618.72   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Qorvo Inc                                 | Qorvo Inc                                  | CUSIP: 74736K101<br>LEI: 254900YAUJV2EUEVBR11 | Long             | EC               | CORP              | US        |    132795 | NS      | $12036538.80  | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM Inc                              | QUALCOMM Inc                               | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |     59719 | NS      | $6565506.86   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Ribbon Communications Inc                 | Ribbon Communications Inc                  | CUSIP: 762544104<br>LEI: 549300L1E8Z8RL7CUL52 | Long             | EC               | CORP              | US        |   1561687 | NS      | $4357106.73   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Rogers Communications Inc                 | Rogers Communications Inc                  | CUSIP: 775109200<br>LEI: 54930030NVF3Y2OL0A78 | Long             | EC               | CORP              | CA        |    105811 | NS      | $4956187.24   | 0.72%             |  |  |  | No            |                  1 | On Loan: —       |
| SBA Communications Corp                   | SBA Communications Corp                    | CUSIP: 78410G104<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | EC               | CORP              | US        |     23874 | NS      | $6692120.94   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| SK Telecom Co Ltd                         | SK Telecom Co Ltd                          | CUSIP: 78440P306<br>LEI: 9884003WEA1PHW006037 | Long             | EC               | CORP              | KR        |    166647 | NS      | $3431261.73   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Sierra Wireless Inc                       | Sierra Wireless Inc                        | CUSIP: 826516106<br>LEI: 549300E33RZ5BJ726L53 | Long             | EC               | CORP              | CA        |    242502 | NS      | $7030132.98   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Skyworks Solutions Inc                    | Skyworks Solutions Inc                     | CUSIP: 83088M102<br>LEI: 549300WZ3ORQ2BVKBD96 | Long             | EC               | CORP              | US        |    195361 | NS      | $17803247.93  | 2.58%             |  |  |  | No            |                  1 | On Loan: No      |
| T-Mobile US Inc                           | T-Mobile US Inc                            | CUSIP: 872590104<br>LEI: 549300QHIJYOHPACPG31 | Long             | EC               | CORP              | US        |    142325 | NS      | $19925500.00  | 2.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Telefonica SA                             | Telefonica SA                              | CUSIP: 879382208<br>LEI: 549300EEJH4FEPDBBR25 | Long             | EC               | CORP              | ES        |   1631242 | NS      | $5823533.94   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Ubiquiti Inc                              | Ubiquiti Inc                               | CUSIP: 90353W103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     12518 | NS      | $3424048.54   | 0.50%             |  |  |  | No            |                  1 | On Loan: —       |
| Uniti Group Inc                           | Uniti Group Inc                            | CUSIP: 91325V108<br>LEI: 549300V3NU625PJUVA84 | Long             | EC               | CORP              | US        |    580980 | NS      | $3212819.40   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Verizon Communications Inc                | Verizon Communications Inc                 | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |    569721 | NS      | $22447007.40  | 3.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Viavi Solutions Inc                       | Viavi Solutions Inc                        | CUSIP: 925550105<br>LEI: 5493006K3E3N1QOBF092 | Long             | EC               | CORP              | US        |    331097 | NS      | $3479829.47   | 0.50%             |  |  |  | No            |                  1 | On Loan: —       |
| VMware Inc                                | VMware Inc                                 | CUSIP: 928563402<br>LEI: 549300BUDHS3LRWBE814 | Long             | EC               | CORP              | US        |     59743 | NS      | $7334050.68   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Vodafone Group PLC                        | Vodafone Group PLC                         | CUSIP: 92857W308<br>LEI: 213800TB53ELEUKM7Q61 | Long             | EC               | CORP              | GB        |    630952 | NS      | $6385234.24   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Mount Vernon Liquid Assets Portfolio, LLC | Mount Vernon Liquid Assets Portfolio, LLC  | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | PF                | US        |  50652640 | NS      | $50652640.00  | 7.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Amdocs Ltd                                | Amdocs Ltd                                 | CUSIP: N/A<br>LEI: 549300HQV672RJ7RQV66       | Long             | EC               | CORP              | US        |    138485 | NS      | $12588286.50  | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Cambium Networks Corp                     | Cambium Networks Corp                      | CUSIP: N/A<br>LEI: 549300OYSIGK6OT5WL04       | Long             | EC               | CORP              | US        |    165711 | NS      | $3590957.37   | 0.52%             |  |  |  | No            |                  1 | On Loan: —       |
| Radware Ltd                               | Radware Ltd                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | IL        |    174726 | NS      | $3450838.50   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Silicom Ltd                               | Silicom Ltd                                | CUSIP: N/A<br>LEI: 529900711TW6GY85XW07       | Long             | EC               | CORP              | IL        |     45910 | NS      | $1935106.50   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| NXP Semiconductors NV                     | NXP Semiconductors NV                      | CUSIP: N/A<br>LEI: 724500M9BY5293JDF951       | Long             | EC               | CORP              | NL        |    215288 | NS      | $34021962.64  | 4.93%             |  |  |  | No            |                  1 | On Loan: No      |
| AT&T Inc                                  | AT&T Inc                                   | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               | CORP              | US        |   1097240 | NS      | $20200188.40  | 2.93%             |  |  |  | No            |                  1 | On Loan: No      |
| A10 Networks Inc                          | A10 Networks Inc                           | CUSIP: 002121101<br>LEI: 549300UQD4IWUML81Q35 | Long             | EC               | CORP              | US        |    184401 | NS      | $3066588.63   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| ADTRAN Holdings Inc                       | ADTRAN Holdings Inc                        | CUSIP: 00486H105<br>LEI: 549300VV36J86CRRWF77 | Long             | EC               | CORP              | US        |    185272 | NS      | $3481260.88   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Micro Devices Inc                | Advanced Micro Devices Inc                 | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               | CORP              | US        |    503198 | NS      | $32592134.46  | 4.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Akamai Technologies Inc                   | Akamai Technologies Inc                    | CUSIP: 00971T101<br>LEI: OC1LZNN2LF5WTJ5RIL89 | Long             | EC               | CORP              | US        |    203847 | NS      | $17184302.10  | 2.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Akoustis Technologies Inc                 | Akoustis Technologies Inc                  | CUSIP: 00973N102<br>LEI: 549300DLBFV9XWL6J142 | Long             | EC               | CORP              | US        |   1014200 | NS      | $2860044.00   | 0.41%             |  |  |  | No            |                  1 | On Loan: —       |
| Altice USA Inc                            | Altice USA Inc                             | CUSIP: 02156K103<br>LEI: 54930064K3612MGCER95 | Long             | EC               | CORP              | US        |    916732 | NS      | $4216967.20   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com Inc                            | Amazon.com Inc                             | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |     79806 | NS      | $6703704.00   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| American Tower Corp                       | American Tower Corp                        | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | EC               | CORP              | US        |    100310 | NS      | $21251676.60  | 3.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Analog Devices Inc                        | Analog Devices Inc                         | CUSIP: 032654105<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | EC               | CORP              | US        |    212603 | NS      | $34873270.09  | 5.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc                                 | Apple Inc                                  | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |     50088 | NS      | $6507933.84   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Arista Networks Inc                       | Arista Networks Inc                        | CUSIP: 040413106<br>LEI: 635400H1WKBLOQERUU95 | Long             | EC               | CORP              | US        |     55694 | NS      | $6758466.90   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| BCE Inc                                   | BCE Inc                                    | CUSIP: 05534B760<br>LEI: 5493001I9203PRB5KR45 | Long             | EC               | CORP              | CA        |    242026 | NS      | $10637042.70  | 1.54%             |  |  |  | No            |                  1 | On Loan: —       |
| Broadcom Inc                              | Broadcom Inc                               | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |     13623 | NS      | $7617027.99   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| CSG Systems International Inc             | CSG Systems International Inc              | CUSIP: 126349109<br>LEI: 549300D7FJZUOHHXUA81 | Long             | EC               | CORP              | US        |     61566 | NS      | $3521575.20   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| CTS Corp                                  | CTS Corp                                   | CUSIP: 126501105<br>LEI: 549300YV1HQLBVHOI649 | Long             | EC               | CORP              | US        |     88227 | NS      | $3477908.34   | 0.50%             |  |  |  | No            |                  1 | On Loan: —       |
| Calix Inc                                 | Calix Inc                                  | CUSIP: 13100M509<br>LEI: 5299002RQRZ4SXSCSJ58 | Long             | EC               | CORP              | US        |     79903 | NS      | $5467762.29   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Casa Systems Inc                          | Casa Systems Inc                           | CUSIP: 14713L102<br>LEI: 549300PNQ0GUDHNZLG66 | Long             | EC               | CORP              | US        |    719595 | NS      | $1964494.35   | 0.28%             |  |  |  | No            |                  1 | On Loan: —       |
| CEVA Inc                                  | CEVA Inc                                   | CUSIP: 157210105<br>LEI: 529900G9T7CVU2J2VU73 | Long             | EC               | CORP              | US        |    265272 | NS      | $6785657.76   | 0.98%             |  |  |  | No            |                  1 | On Loan: —       |
| Charter Communications Inc                | Charter Communications Inc                 | CUSIP: 16119P108<br>LEI: 0J0XRGZE3PBRFEZ7MV65 | Long             | EC               | CORP              | US        |     26185 | NS      | $8879333.50   | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Chunghwa Telecom Co Ltd                   | Chunghwa Telecom Co Ltd                    | CUSIP: 17133Q502<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |    135546 | NS      | $4959628.14   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Ciena Corp                                | Ciena Corp                                 | CUSIP: 171779309<br>LEI: W0CZ7N0GH8UIGXDM1H41 | Long             | EC               | CORP              | US        |    178125 | NS      | $9080812.50   | 1.32%             |  |  |  | No            |                  1 | On Loan: —       |
| Cisco Systems Inc                         | Cisco Systems Inc                          | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |    146511 | NS      | $6979784.04   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Clearfield Inc                            | Clearfield Inc                             | CUSIP: 18482P103<br>LEI: 529900M4S2OQ1ADPR537 | Long             | EC               | CORP              | US        |     34109 | NS      | $3211021.26   | 0.47%             |  |  |  | No            |                  1 | On Loan: —       |
| Coherent Corp                             | Coherent Corp                              | CUSIP: 19247G107<br>LEI: 549300O5C25A0MMHHU33 | Long             | EC               | CORP              | US        |    101835 | NS      | $3574408.50   | 0.52%             |  |  |  | No            |                  1 | On Loan: —       |
| CommScope Holding Co Inc                  | CommScope Holding Co Inc                   | CUSIP: 20337X109<br>LEI: 254900AW4CEPCQWSRI58 | Long             | EC               | CORP              | US        |    450185 | NS      | $3308859.75   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Comtech Telecommunications Cor            | Comtech Telecommunications Corp            | CUSIP: 205826209<br>LEI: 529900FTEZ8MGM0Y8F73 | Long             | EC               | CORP              | US        |    278351 | NS      | $3379181.14   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Corning Inc                               | Corning Inc                                | CUSIP: 219350105<br>LEI: 549300X2937PB0CJ7I56 | Long             | EC               | CORP              | US        |    183327 | NS      | $5855464.38   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Crown Castle Inc                          | Crown Castle Inc                           | CUSIP: 22822V101<br>LEI: 54930012H97VSM0I2R19 | Long             | EC               | CORP              | US        |     86042 | NS      | $11670736.88  | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Dell Technologies Inc                     | Dell Technologies Inc                      | CUSIP: 24703L202<br>LEI: 549300TJB5YBRUPOG437 | Long             | EC               | CORP              | US        |    168394 | NS      | $6772806.68   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Digital Realty Trust Inc                  | Digital Realty Trust Inc                   | CUSIP: 253868103<br>LEI: 549300HKCZ31D08NEI41 | Long             | EC               | CORP              | US        |     47487 | NS      | $4761521.49   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| DigitalBridge Group Inc                   | DigitalBridge Group Inc                    | CUSIP: 25401T603<br>LEI: 549300XG87L902AGBO89 | Long             | EC               | CORP              | US        |    277254 | NS      | $3033158.76   | 0.44%             |  |  |  | No            |                  1 | On Loan: —       |
| DZS Inc                                   | DZS Inc                                    | CUSIP: 268211109<br>LEI: 549300JL6GXPZ9SNGD29 | Long             | EC               | CORP              | US        |    319127 | NS      | $4046530.36   | 0.59%             |  |  |  | No            |                  1 | On Loan: —       |
| Equinix Inc                               | Equinix Inc                                | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               | CORP              | US        |     18620 | NS      | $12196658.60  | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Ericsson                                  | Telefonaktiebolaget LM Ericsson            | CUSIP: 294821608<br>LEI: 549300W9JLPW15XIFM52 | Long             | EC               | CORP              | SE        |   3946160 | NS      | $23045574.40  | 3.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Extreme Networks Inc                      | Extreme Networks Inc                       | CUSIP: 30226D106<br>LEI: 549300WRECW11X94UB57 | Long             | EC               | CORP              | US        |    180544 | NS      | $3305760.64   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| F5 Inc                                    | F5 Inc                                     | CUSIP: 315616102<br>LEI: 54930015FPK9KT966303 | Long             | EC               | CORP              | US        |     61759 | NS      | $8863034.09   | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Government Obli            | First American Government Obligations Fund | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |   6431933 | NS      | $6431933.41   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Focus Universal Inc                       | Focus Universal Inc                        | CUSIP: 34417J104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    166990 | NS      | $1070405.90   | 0.16%             |  |  |  | No            |                  1 | On Loan: —       |
| GDS Holdings Ltd                          | GDS Holdings Ltd                           | CUSIP: 36165L108<br>LEI: 391200MGV8DDCHTN2R77 | Long             | EC               | CORP              | CN        |    201109 | NS      | $4146867.58   | 0.60%             |  |  |  | No            |                  1 | On Loan: —       |
| Hewlett Packard Enterprise Co             | Hewlett Packard Enterprise Co              | CUSIP: 42824C109<br>LEI: 549300BX44RGX6ANDV88 | Long             | EC               | CORP              | US        |    439534 | NS      | $7014962.64   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| IPG Photonics Corp                        | IPG Photonics Corp                         | CUSIP: 44980X109<br>LEI: 5493002KZ51CADQ94G15 | Long             | EC               | CORP              | US        |     39562 | NS      | $3745334.54   | 0.54%             |  |  |  | No            |                  1 | On Loan: —       |
| Infinera Corp                             | Infinera Corp                              | CUSIP: 45667G103<br>LEI: 549300ZOF66WPV3H0H17 | Long             | EC               | CORP              | US        |    552338 | NS      | $3722758.12   | 0.54%             |  |  |  | No            |                  1 | On Loan: —       |
| Intel Corp                                | Intel Corp                                 | CUSIP: 458140100<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | EC               | CORP              | US        |    249169 | NS      | $6585536.67   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| InterDigital Inc                          | InterDigital Inc                           | CUSIP: 45867G101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    146369 | NS      | $7242338.12   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Juniper Networks Inc                      | Juniper Networks Inc                       | CUSIP: 48203R104<br>LEI: AUHIXNGG7U2U7JEHM527 | Long             | EC               | CORP              | US        |    220809 | NS      | $7057055.64   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| KT Corp                                   | KT Corp                                    | CUSIP: 48268K101<br>LEI: 9884005ACF8449EANY26 | Long             | EC               | CORP              | KR        |    248729 | NS      | $3357841.50   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Keysight Technologies Inc                 | Keysight Technologies Inc                  | CUSIP: 49338L103<br>LEI: 549300GLKVIO8YRCYN02 | Long             | EC               | CORP              | US        |    119183 | NS      | $20388635.81  | 2.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Lattice Semiconductor Corp                | Lattice Semiconductor Corp                 | CUSIP: 518415104<br>LEI: 549300LRBBPZDQ2II567 | Long             | EC               | CORP              | US        |    181174 | NS      | $11754569.12  | 1.70%             |  |  |  | No            |                  1 | On Loan: —       |
| Edgio Inc                                 | Edgio Inc                                  | CUSIP: 53261M104<br>LEI: 529900BNCMDQGEKW5M59 | Long             | EC               | CORP              | US        |   2714933 | NS      | $3067874.29   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Lumen Technologies Inc                    | Lumen Technologies Inc                     | CUSIP: 550241103<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | EC               | CORP              | US        |    648794 | NS      | $3386704.68   | 0.49%             |  |  |  | No            |                  1 | On Loan: —       |
| Lumentum Holdings Inc                     | Lumentum Holdings Inc                      | CUSIP: 55024U109<br>LEI: 549300JLWRRC38DWEF52 | Long             | EC               | CORP              | US        |     68280 | NS      | $3562167.60   | 0.52%             |  |  |  | No            |                  1 | On Loan: —       |
| MACOM Technology Solutions Hol            | MACOM Technology Solutions Holdings Inc    | CUSIP: 55405Y100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     52588 | NS      | $3311992.24   | 0.48%             |  |  |  | No            |                  1 | On Loan: —       |

### Signature

**Date Signed:** 2023-02-16

**Name of Applicant:** ETF Series Solutions

**Signature:** /s/ Kristen Weitzel

**Name of Signer:** ETF Series Solutions

**Title:** Treasurer