# EDGAR Filing Document

**Accession Number:** 0001540305
**File Stem:** 0001193125-26-247856
**Filing Date:** 2026-5
**Character Count:** 27270
**Document Hash:** 43f5a9fe79ef2a417f8f6284aabfa2fb
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-247856.hdr.sgml**: 20260529

**ACCESSION NUMBER**: 0001193125-26-247856

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260529

**DATE AS OF CHANGE**: 20260529

**PERIOD START**: 20261231

**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:** 261042902

**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

### Bahl & Gaynor Income Growth ETF (Series ID: S000081227)

| Class ID   | Class Name                      | Ticker Symbol   |
|:---|:---|:---|
| C000243899 | Bahl & Gaynor Income Growth ETF | BGIG            |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **Bahl & Gaynor Income Growth ETF** | **Bahl & Gaynor Income Growth ETF** | **Bahl & Gaynor Income Growth ETF** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **March 31, 2026 (Unaudited)** | **March 31, 2026 (Unaudited)** | **March 31, 2026 (Unaudited)** |
| **COMMON STOCKS - 99.5%** | **Shares**  | **Value**  |
| **Consumer Discretionary - 7.1%** | **Consumer Discretionary - 7.1%** | |
| Darden Restaurants, Inc. | 211549 | $41472066 |
| Garmin Ltd. | 123751 | 28711470 |
| Home Depot, Inc. | 124771 | 41035934 |
| McDonald's Corp. | 108347 | 33673164 |
|  |  | 144892634 |
| **Consumer Staples - 7.2%** | **Consumer Staples - 7.2%** |  |
| British American Tobacco PLC - ADR | 237866 | 13908025 |
| Mondelez International, Inc. - Class A | 633239 | 36499896 |
| PepsiCo, Inc. | 193487 | 30046596 |
| Philip Morris International, Inc. | 182946 | 30248292 |
| Procter & Gamble Co. | 246189 | 35559539 |
|  |  | 146262348 |
| **Energy - 13.8%** | **Energy - 13.8%** |  |
| Chevron Corp. | 283790 | 58716151 |
| Exxon Mobil Corp. | 352551 | 59813803 |
| Kinder Morgan, Inc. | 671918 | 22529410 |
| ONEOK, Inc. | 209450 | 18932185 |
| Targa Resources Corp. | 197942 | 49629998 |
| Williams Cos., Inc. | 974124 | 70896745 |
|  |  | 280518292 |
| **Financials - 13.8%** | **Financials - 13.8%** |  |
| Apollo Global Management, Inc. | 242125 | 26977567 |
| CME Group, Inc. | 112882 | 33339699 |
| Hartford Insurance Group, Inc. | 253101 | 34226848 |
| JPMorgan Chase & Co. | 198470 | 58381935 |
| PNC Financial Services Group, Inc. | 264909 | 55124914 |
| Travelers Cos., Inc. | 246945 | 72028918 |
|  |  | 280079881 |
| **Health Care - 15.4%** | **Health Care - 15.4%** |  |
| AbbVie, Inc. | 308234 | 67037813 |
| Eli Lilly & Co. | 81803 | 75239945 |
| Johnson & Johnson | 507099 | 123955280 |
| UnitedHealth Group, Inc. | 178416 | 48277585 |
|  |  | 314510623 |
| **Industrials - 11.5%** | **Industrials - 11.5%** |  |
| Automatic Data Processing, Inc. | 147547 | 29978600 |
| Cummins, Inc. | 18411 | 9905486 |
| Eaton Corp. PLC | 83269 | 29782823 |
| Fastenal Co. | 651179 | 30214706 |
| General Dynamics Corp. | 150483 | 51648775 |
| Illinois Tool Works, Inc. | 91420 | 23795712 |
| Lockheed Martin Corp. | 21942 | 13261525 |
| RTX Corp. | 163449 | 31529312 |
| Union Pacific Corp. | 56226 | 13641552 |
|  |  | 233758491 |
| **Information Technology - 18.7%** | **Information Technology - 18.7%** |  |
| Accenture PLC - Class A | 137834 | 27331104 |
| Broadcom, Inc. | 310562 | 96122045 |
| Cisco Systems, Inc. | 530787 | 41183763 |
| Corning, Inc. | 220934 | 30040396 |
| Microsoft Corp. | 201138 | 74455253 |
| Taiwan Semiconductor Manufacturing Co. Ltd. - ADR | 187999 | 63534262 |
| TE Connectivity PLC | 182362 | 38117305 |
| Texas Instruments, Inc. | 48754 | 9465102 |
|  |  | 380249230 |
| **Materials - 0.6%** | **Materials - 0.6%** |  |
| Linde PLC | 25272 | 12528847 |
| **Real Estate - 3.1%** | **Real Estate - 3.1%** |  |
| AvalonBay Communities, Inc. | 171168 | 27960293 |
| VICI Properties, Inc. | 1288951 | 35214141 |
|  |  | 63174434 |
| **Utilities - 8.3%** | **Utilities - 8.3%** |  |
| NextEra Energy, Inc. | 695052 | 64556430 |
| PPL Corp. | 980216 | 37444251 |
| Sempra | 379400 | 36866298 |
| WEC Energy Group, Inc. | 259851 | 30082950 |
|  |  | 168949929 |
| **TOTAL COMMON STOCKS** (Cost $1,451,475,463) | **TOTAL COMMON STOCKS** (Cost $1,451,475,463) | 2024924709 |
| **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** |
| **U.S. TREASURY BILLS - 0.7%** | **Par**  | **Value**  |
| 3.60%, 06/25/2026 <sup>(a)</sup> | $141000 | 139807 |
| 3.56%, 07/02/2026 <sup>(a)</sup> | 15103000 | 14964053 |
| **TOTAL U.S. TREASURY BILLS** (Cost $15,106,548) | **TOTAL U.S. TREASURY BILLS** (Cost $15,106,548) | 15103860 |
| **TOTAL INVESTMENTS - 100.2% (**Cost $1,466,582,011**)** | **TOTAL INVESTMENTS - 100.2% (**Cost $1,466,582,011**)** | 2040028569 |
| Liabilities in Excess of Other Assets - (0.2)% | Liabilities in Excess of Other Assets - (0.2)% | (4546285) |
| **TOTAL NET ASSETS - 100.0%** |  | $2035482284 |
| Par amount is in USD unless otherwise indicated. | Par amount is in USD unless otherwise indicated. |  |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. |  |

---

---

| |
|:---|
| ADR - American Depositary Receipt |
| PLC - Public Limited Company |
| The Global Industry Classification Standard ("GICS<sup>®</sup>") was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") and Standard & Poor's Financial Services LLC ("S&P"). GICS<sup>®</sup> is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services. |

---

(a) The rate shown is the annualized yield as of March 31, 2026.

------

#### Summary of Fair Value Disclosure as of March 31, 2026 (Unaudited)
Bahl & Gaynor Income Growth 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 March 31, 2026:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | $2024924709 | $– | $– | $2024924709 |
|  &nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Bills | – | 15103860 | – | 15103860 |
| Total Investments | $2024924709 | $15103860 | $– | $2040028569 |
| 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. |

---

## 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:** Bahl & Gaynor Income Growth ETF

- **b. EDGAR series identifier (if any):** S000081227

- **c. LEI of Series:** 5493000MOYNXLR8OPL75

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

- **a. Date of fiscal year-end:** 2026-12-31

- **b. Date as of which information is reported:** 2026-03-31

**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:** $2039893849.43

**Total Liabilities:** $783223.08

**Net Assets:** $2039110626.35

**Cash Not Reported:** $15108906.21

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000243899 | 3.15%                | 4.53%                | -4.25%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1757769.03             | $13833605.43                               |
| Month 2  | $1869005.93              | $16651544.52                               |
| Month 3  | $7804696.99              | $520152677.85                              |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Hartford Insurance Group Inc/T | Hartford Insurance Group Inc/The          | CUSIP: 416515104<br>LEI: IU7C3FTM7Y3BQM112U94 | Long             | EC               | CORP              | US        |    253552 | NS      | $34287836.96  | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson              | Johnson & Johnson                         | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |    508001 | NS      | $124175764.44 | 6.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Instruments Inc          | Texas Instruments Inc                     | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |     48831 | NS      | $9480050.34   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Travelers Cos Inc/The          | Travelers Cos Inc/The                     | CUSIP: 89417E109<br>LEI: 549300Y650407RU8B149 | Long             | EC               | CORP              | US        |    245989 | NS      | $71750071.52  | 3.52%             |  |  |  | No            |                  1 | On Loan: No      |
| UnitedHealth Group Inc         | UnitedHealth Group Inc                    | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |    178735 | NS      | $48363903.65  | 2.37%             |  |  |  | No            |                  1 | On Loan: No      |
| WEC Energy Group Inc           | WEC Energy Group Inc                      | CUSIP: 92939U106<br>LEI: 549300IGLYTZUK3PVP70 | Long             | EC               | CORP              | US        |    256767 | NS      | $29725915.59  | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Williams Cos Inc/The           | Williams Cos Inc/The                      | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |    975873 | NS      | $71024036.94  | 3.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Darden Restaurants Inc         | Darden Restaurants Inc                    | CUSIP: 237194105<br>LEI: CY1NFSCCB5GUXC7WZC70 | Long             | EC               | CORP              | US        |    209847 | NS      | $41138405.88  | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Mondelez International Inc     | Mondelez International Inc                | CUSIP: 609207105<br>LEI: 549300DV9GIB88LZ5P30 | Long             | EC               | CORP              | US        |    627273 | NS      | $36156015.72  | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| PNC Financial Services Group I | PNC Financial Services Group Inc/The      | CUSIP: 693475105<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | EC               | CORP              | US        |    265382 | NS      | $55223340.38  | 2.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International In | Philip Morris International Inc           | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |    183265 | NS      | $30301035.10  | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| RTX Corp                       | RTX Corp                                  | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               | CORP              | US        |    163735 | NS      | $31584481.50  | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Targa Resources Corp           | Targa Resources Corp                      | CUSIP: 87612G101<br>LEI: 5493003QENHHS261UR94 | Long             | EC               | CORP              | US        |    198294 | NS      | $49718254.62  | 2.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Linde PLC                      | Linde PLC                                 | CUSIP: N/A<br>LEI: 5299003QR1WT0EF88V51       | Long             | EC               | CORP              | US        |     24087 | NS      | $11941371.12  | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Cummins Inc                    | Cummins Inc                               | CUSIP: 231021106<br>LEI: ZUNI8PYC725B6H8JU438 | Long             | EC               | CORP              | US        |     18444 | NS      | $9923240.88   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Illinois Tool Works Inc        | Illinois Tool Works Inc                   | CUSIP: 452308109<br>LEI: 76NA4I14SZCFAYMNSV04 | Long             | EC               | CORP              | US        |     91574 | NS      | $23835796.46  | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| ONEOK Inc                      | ONEOK Inc                                 | CUSIP: 682680103<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | EC               | CORP              | US        |    203227 | NS      | $18369688.53  | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| McDonald's Corp                | McDonald's Corp                           | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               | CORP              | US        |    108534 | NS      | $33731281.86  | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp                 | Microsoft Corp                            | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |    201490 | NS      | $74585553.30  | 3.66%             |  |  |  | No            |                  1 | On Loan: No      |
| PPL Corp                       | PPL Corp                                  | CUSIP: 69351T106<br>LEI: 9N3UAJSNOUXFKQLF3V18 | Long             | EC               | CORP              | US        |    971230 | NS      | $37100986.00  | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| PepsiCo Inc                    | PepsiCo Inc                               | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |    191228 | NS      | $29695796.12  | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| TSMC                           | Taiwan Semiconductor Manufacturing Co Ltd | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |    188329 | NS      | $63645785.55  | 3.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Garmin Ltd                     | Garmin Ltd                                | CUSIP: N/A<br>LEI: 2549001E0HIPIJQ0W046       | Long             | EC               | CORP              | CH        |    123971 | NS      | $28762511.71  | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| AbbVie Inc                     | AbbVie Inc                                | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |    308784 | NS      | $67157432.16  | 3.29%             |  |  |  | No            |                  1 | On Loan: No      |
| CME Group Inc                  | CME Group Inc                             | CUSIP: 12572Q105<br>LEI: LCZ7XYGSLJUHFXXNXD88 | Long             | EC               | CORP              | US        |    111718 | NS      | $32995911.30  | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| General Dynamics Corp          | General Dynamics Corp                     | CUSIP: 369550108<br>LEI: 9C1X8XOOTYY2FNYTVH06 | Long             | EC               | CORP              | US        |    150747 | NS      | $51739385.34  | 2.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Home Depot Inc/The             | Home Depot Inc/The                        | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |    124991 | NS      | $41108289.99  | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| NextEra Energy Inc             | NextEra Energy Inc                        | CUSIP: 65339F101<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EC               | CORP              | US        |    691870 | NS      | $64260885.60  | 3.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Procter & Gamble Co/The        | Procter & Gamble Co/The                   | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |    243787 | NS      | $35212594.28  | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Automatic Data Processing Inc  | Automatic Data Processing Inc             | CUSIP: 053015103<br>LEI: HGBOLILQXWER4SAL2I23 | Long             | EC               | CORP              | US        |    145809 | NS      | $29625472.62  | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Accenture PLC                  | Accenture PLC                             | CUSIP: N/A<br>LEI: 5493000EWHDSR3MZWH98       | Long             | EC               | CORP              | IE        |    136026 | NS      | $26972595.54  | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Eaton Corp PLC                 | Eaton Corp PLC                            | CUSIP: N/A<br>LEI: 549300VDIGTMXUNT7H71       | Long             | EC               | CORP              | IE        |     83412 | NS      | $29833970.04  | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Apollo Global Management Inc   | Apollo Global Management Inc              | CUSIP: 03769M106<br>LEI: 254900LMFT1CY9IYB476 | Long             | EC               | CORP              | US        |    242554 | NS      | $27025366.68  | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| AvalonBay Communities Inc      | AvalonBay Communities Inc                 | CUSIP: 053484101<br>LEI: K9G90K85RBWD2LAGQX17 | Long             | EC               | CORP              | US        |    171465 | NS      | $28008807.75  | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| British American Tobacco PLC   | British American Tobacco PLC              | CUSIP: 110448107<br>LEI: 213800FKA5MF17RJKT63 | Long             | EC               | CORP              | GB        |    227780 | NS      | $13318296.60  | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                   | Broadcom Inc                              | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |    311112 | NS      | $96292275.12  | 4.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corp                   | Chevron Corp                              | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    284296 | NS      | $58820842.40  | 2.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Corning Inc                    | Corning Inc                               | CUSIP: 219350105<br>LEI: 549300X2937PB0CJ7I56 | Long             | EC               | CORP              | US        |    221330 | NS      | $30094240.10  | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp               | Exxon Mobil Corp                          | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |    353178 | NS      | $59920179.48  | 2.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Fastenal Co                    | Fastenal Co                               | CUSIP: 311900104<br>LEI: 529900PP0C7H2HHPSJ32 | Long             | EC               | CORP              | US        |    652345 | NS      | $30268808.00  | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly & Co                 | Eli Lilly & Co                            | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |     81946 | NS      | $75371472.42  | 3.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Lockheed Martin Corp           | Lockheed Martin Corp                      | CUSIP: 539830109<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | EC               | CORP              | US        |     21975 | NS      | $13281470.25  | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinder Morgan Inc              | Kinder Morgan Inc                         | CUSIP: 49456B101<br>LEI: 549300WR7IX8XE0TBO16 | Long             | EC               | CORP              | US        |    673117 | NS      | $22569613.01  | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Union Pacific Corp             | Union Pacific Corp                        | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |     56325 | NS      | $13665571.50  | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill               | CUSIP: 912797TE7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    141000 | PA      | $139807.33    | 0.01%             | 2026-06-25      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Cisco Systems Inc              | Cisco Systems Inc                         | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |    523791 | NS      | $40640943.69  | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co            | JPMorgan Chase & Co                       | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |    198822 | NS      | $58485479.52  | 2.87%             |  |  |  | No            |                  1 | On Loan: No      |
| VICI Properties Inc            | VICI Properties Inc                       | CUSIP: 925652109<br>LEI: 254900RKH6RY9KCJQH63 | Long             | EC               | CORP              | US        |   1291261 | NS      | $35277250.52  | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Sempra                         | Sempra                                    | CUSIP: 816851109<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | EC               | CORP              | US        |    380071 | NS      | $36931499.07  | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| TE Connectivity PLC            | TE Connectivity PLC                       | CUSIP: N/A<br>LEI: 6367003TB6K484NFHE54       | Long             | EC               | CORP              | IE        |    182681 | NS      | $38183982.62  | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-05-29

**Name of Applicant:** ETF Series Solutions

**Signature:** /s/ Kristen Weitzel

**Name of Signer:** ETF Series Solutions

**Title:** Treasurer