# EDGAR Filing Document

**Accession Number:** 0001540305
**File Stem:** 0000894189-25-016111
**Filing Date:** 2025-11
**Character Count:** 11721
**Document Hash:** 57adb6eb574008cb7368cd9c810b87a3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-25-016111.hdr.sgml**: 20251126

**ACCESSION NUMBER**: 0000894189-25-016111

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251126

**DATE AS OF CHANGE**: 20251126

**PERIOD START**: 20250930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ETF Series Solutions
- **CENTRAL INDEX KEY:** 0001540305

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1112

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22668
- **FILM NUMBER:** 251530421

**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

### The Brinsmere Fund - Conservative ETF (Series ID: S000082649)

| Class ID   | Class Name                            | Ticker Symbol   |
|:---|:---|:---|
| C000245968 | The Brinsmere Fund - Conservative ETF | TBFC            |

## 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:** The Brinsmere Fund - Conservative ETF

- **b. EDGAR series identifier (if any):** S000082649

- **c. LEI of Series:** 529900JOUFY03N996W58

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

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

- **b. Date as of which information is reported:** 2025-09-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $332882950.55

**Total Liabilities:** $95359.64

**Net Assets:** $332787590.91

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000245968 | 0.41%                | 1.72%                | 2.32%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $829875.36                                 |
| Month 2  | $0.00                    | $5011365.32                                |
| Month 3  | $0.00                    | $6614352.08                                |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Columbia EM Core ex-China ETF  | Columbia EM Core ex-China ETF                       | CUSIP: 19762B202<br>LEI: 54930086JPKAR4R2KS15 | Long             | EC               | RF                | US        |    375720 | NS      | $13649907.60  | 4.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Long-Term Bond ETF    | Vanguard Long-Term Bond ETF                         | CUSIP: 921937793<br>LEI: N/A                  | Long             | EC               | RF                | US        |    210460 | NS      | $14911091.00  | 4.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Short-Term Bond ETF   | Vanguard Short-Term Bond ETF                        | CUSIP: 921937827<br>LEI: N/A                  | Long             | EC               | RF                | US        |    552759 | NS      | $43618212.69  | 13.11%            |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard FTSE Emerging Markets | Vanguard FTSE Emerging Markets ETF                  | CUSIP: 922042858<br>LEI: N/A                  | Long             | EC               | RF                | US        |     82827 | NS      | $4487566.86   | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Short-Term Treasury E | Vanguard Short-Term Treasury ETF                    | CUSIP: 92206C102<br>LEI: N/A                  | Long             | EC               | RF                | US        |    242378 | NS      | $14263945.30  | 4.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Growth ETF            | Vanguard Growth ETF                                 | CUSIP: 922908736<br>LEI: N/A                  | Long             | EC               | RF                | US        |     39621 | NS      | $19002627.81  | 5.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Value ETF             | Vanguard Value ETF                                  | CUSIP: 922908744<br>LEI: N/A                  | Long             | EC               | RF                | US        |     98869 | NS      | $18438079.81  | 5.54%             |  |  |  | No            |                  1 | On Loan: No      |
| SPDR Gold MiniShares Trust     | SPDR Gold MiniShares Trust                          | CUSIP: 98149E303<br>LEI: 5493002IEEMEY6LRJ932 | Long             | EC               | RF                | US        |     88667 | NS      | $6778592.15   | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| SPDR Portfolio S&P 400 Mid Cap | SPDR Portfolio S&P 400 Mid Cap ETF                  | CUSIP: 78464A847<br>LEI: 549300TKUU0ZLRVSLJ96 | Long             | EC               | RF                | US        |    135921 | NS      | $7773321.99   | 2.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Short-Term Corporate  | Vanguard Short-Term Corporate Bond ETF              | CUSIP: 92206C409<br>LEI: N/A                  | Long             | EC               | RF                | US        |     99849 | NS      | $7980930.57   | 2.40%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares China Large-Cap ETF    | iShares China Large-Cap ETF                         | CUSIP: 464287184<br>LEI: 5493001YVWPO25CNKN94 | Long             | EC               | RF                | US        |    217530 | NS      | $8949184.20   | 2.69%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares 20+ Year Treasury Bond | iShares 20+ Year Treasury Bond ETF                  | CUSIP: 464287432<br>LEI: 549300WWURKS1JGBZU59 | Long             | EC               | RF                | US        |    124714 | NS      | $11145690.18  | 3.35%             |  |  |  | No            |                  1 | On Loan: No      |
| SPDR Portfolio S&P 500 ETF     | SPDR Portfolio S&P 500 ETF                          | CUSIP: 78464A854<br>LEI: 5493004K4F0RL72RIJ47 | Long             | EC               | RF                | US        |    457391 | NS      | $35832010.94  | 10.77%            |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard FTSE Pacific ETF      | Vanguard FTSE Pacific ETF                           | CUSIP: 922042866<br>LEI: N/A                  | Long             | EC               | RF                | US        |    147225 | NS      | $12932244.00  | 3.89%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Short Treasury Bond ET | iShares Short Treasury Bond ETF                     | CUSIP: 464288679<br>LEI: 549300F8ZJ4IZLOOBP30 | Long             | EC               | RF                | US        |    195248 | NS      | $21572951.52  | 6.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Real Estate Select Sector SPDR | Real Estate Select Sector SPDR Fund                 | CUSIP: 81369Y860<br>LEI: 549300SPMSTD3BRHL041 | Long             | EC               | RF                | US        |    113881 | NS      | $4797806.53   | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Intermediate-Term Cor | Vanguard Intermediate-Term Corporate Bond ETF       | CUSIP: 92206C870<br>LEI: N/A                  | Long             | EC               | RF                | US        |    220044 | NS      | $18507900.84  | 5.56%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Treasury Obliga | First American Treasury Obligations Fund            | CUSIP: 31846V328<br>LEI: 549300UU586IAH2B8H03 | Long             | STIV             | RF                | US        |    640826 | NS      | $640825.90    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| abrdn Bloomberg All Commodity  | abrdn Bloomberg All Commodity Strategy K-1 Free ETF | CUSIP: 003261104<br>LEI: 549300PWXO8WGDSMS419 | Long             | EC               | RF                | US        |    226990 | NS      | $4889364.60   | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Xtrackers USD High Yield Corpo | Xtrackers USD High Yield Corporate Bond ETF         | CUSIP: 233051432<br>LEI: 5493000ENPC36KSKPY20 | Long             | EC               | RF                | US        |    173047 | NS      | $6421774.17   | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco QQQ Trust Series 1     | Invesco QQQ Trust Series 1                          | CUSIP: 46090E103<br>LEI: 549300VY6FEJBCIMET58 | Long             | EC               | RF                | US        |     17881 | NS      | $10735215.97  | 3.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Intermediate-Term Bon | Vanguard Intermediate-Term Bond ETF                 | CUSIP: 921937819<br>LEI: JIWE2HYVQ16M1P11J864 | Long             | EC               | RF                | US        |    372748 | NS      | $29107891.32  | 8.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard FTSE Europe ETF       | Vanguard FTSE Europe ETF                            | CUSIP: 922042874<br>LEI: N/A                  | Long             | EC               | RF                | US        |    152304 | NS      | $12153859.20  | 3.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Small-Cap ETF         | Vanguard Small-Cap ETF                              | CUSIP: 922908751<br>LEI: N/A                  | Long             | EC               | RF                | US        |     16306 | NS      | $4146289.68   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-26

**Name of Applicant:** ETF Series Solutions

**Signature:** /s/ Kristen Weitzel

**Name of Signer:** ETF Series Solutions

**Title:** Treasurer