# EDGAR Filing Document

**Accession Number:** 0001540305
**File Stem:** 0001145549-25-043651
**Filing Date:** 2025-6
**Character Count:** 11084
**Document Hash:** 98716f886f0c04c57a8faedda371adc7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-043651.hdr.sgml**: 20250627

**ACCESSION NUMBER**: 0001145549-25-043651

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250627

**DATE AS OF CHANGE**: 20250627

**PERIOD START**: 20250430

**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:** 251084671

**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

### Aptus Defined Risk ETF (Series ID: S000062593)

| Class ID   | Class Name             | Ticker Symbol   |
|:---|:---|:---|
| C000203050 | Aptus Defined Risk ETF | DRSK            |

## 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:** Aptus Defined Risk ETF

- **b. EDGAR series identifier (if any):** S000062593

- **c. LEI of Series:** 549300DFFKZ7IJTWTS57

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

- **a. Date of fiscal year-end:** 2025-04-30

- **b. Date as of which information is reported:** 2025-04-30

**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:** $1171272491.37

**Total Liabilities:** $4991363.96

**Net Assets:** $1166281127.41

**Cash Not Reported:** $15367706.61

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000203050 | 1.44%                | -2.21%               | 0.42%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1423411.51             | $13433433.43                               |
| Month 2  | $0.00                    | $-1913737.83                               |
| Month 3  | $60498.38                | $2550466.69                                |

**Designated Index Information**

- **Index Name:** Bloomberg US Agg Total Return Value Unhedged USD

- **Index Identifier:** LBUSTRUU

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| N/A                            | SPX US 06/20/25 P5300                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       300 | NC      | $2710500.00   | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Tesla Inc                                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     -3500 | NC      | $-2038750.00  | -0.17%            |  |  |  | No            |                  2 | On Loan: No      |
| iShares iBonds Dec 2028 Term C | iShares iBonds Dec 2028 Term Corporate ETF   | CUSIP: 46435U515<br>LEI: N/A                  | Long             | EC               | RF                | US        |   2384654 | NS      | $60474825.44  | 5.19%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares iBonds Dec 2029 Term C | iShares iBonds Dec 2029 Term Corporate ETF   | CUSIP: 46436E205<br>LEI: 549300O4632FCSLM7T54 | Long             | EC               | RF                | US        |   4828657 | NS      | $112121415.54 | 9.61%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares iBonds Dec 2030 Term C | iShares iBonds Dec 2030 Term Corporate ETF   | CUSIP: 46436E726<br>LEI: 549300WVEN3NVMUAOJ58 | Long             | EC               | RF                | US        |   4989474 | NS      | $108870322.68 | 9.33%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Core Scientific Inc                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |    100000 | NC      | $4300000.00   | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Core Scientific Inc                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |   -100000 | NC      | $-1550000.00  | -0.13%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | SPX US 05/16/25 C5800                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      2000 | NC      | $2774000.00   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | SPX US 05/16/25 C6000                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     -2000 | NC      | $-260000.00   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | SPX US 06/20/25 C5900                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      1600 | NC      | $5848000.00   | 0.50%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | SPX US 06/20/25 P4600                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -300 | NC      | $-495000.00   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | SPXW US 05/30/25 C5800                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       800 | NC      | $2744000.00   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Tesla Inc                                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      3500 | NC      | $11725000.00  | 1.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Invesco BulletShares 2030 Corp | Invesco BulletShares 2030 Corporate Bond ETF | CUSIP: 46138J460<br>LEI: 549300MD9XDNCUMOK111 | Long             | EC               | RF                | US        |   7587866 | NS      | $126337968.90 | 10.83%            |  |  |  | No            |                  1 | On Loan: No      |
| Invesco BulletShares 2032 Corp | Invesco BulletShares 2032 Corporate Bond ETF | CUSIP: 46139W858<br>LEI: 5493007MAFSR8RWIXD15 | Long             | EC               | RF                | US        |   5294209 | NS      | $107631268.97 | 9.23%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares iBonds Dec 2032 Term C | iShares iBonds Dec 2032 Term Corporate ETF   | CUSIP: 46436E312<br>LEI: 549300ZCXA0SQGYFIX78 | Long             | EC               | RF                | US        |   4090943 | NS      | $102191756.14 | 8.76%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Treasury Obliga | First American Treasury Obligations Fund     | CUSIP: 31846V328<br>LEI: 549300UU586IAH2B8H03 | Long             | STIV             | RF                | US        |  23237610 | NS      | $23237610.11  | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Bulletshares 2031 Corp | Invesco Bulletshares 2031 Corporate Bond ETF | CUSIP: 46138J429<br>LEI: 54930074YWSAGYW65L96 | Long             | EC               | RF                | US        |   7736496 | NS      | $126491709.60 | 10.85%            |  |  |  | No            |                  1 | On Loan: No      |
| Invesco BulletShares 2029 Corp | Invesco BulletShares 2029 Corporate Bond ETF | CUSIP: 46138J577<br>LEI: 549300QI81EWC6H7QY92 | Long             | EC               | RF                | US        |   2926194 | NS      | $54397946.46  | 4.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco BulletShares 2028 Corp | Invesco BulletShares 2028 Corporate Bond ETF | CUSIP: 46138J643<br>LEI: N/A                  | Long             | EC               | RF                | US        |   1710969 | NS      | $34937986.98  | 3.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco BulletShares 2033 Corp | Invesco BulletShares 2033 Corporate Bond ETF | CUSIP: 46139W825<br>LEI: 254900PDI2GNZ8PCD259 | Long             | EC               | RF                | US        |   3916823 | NS      | $81783264.24  | 7.01%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares iBonds Dec 2027 Term C | iShares iBonds Dec 2027 Term Corporate ETF   | CUSIP: 46435UAA9<br>LEI: 549300OXS5FQU3APF128 | Long             | EC               | RF                | US        |   2476787 | NS      | $60012549.01  | 5.15%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares iBonds Dec 2031 Term C | iShares iBonds Dec 2031 Term Corporate ETF   | CUSIP: 46436E486<br>LEI: 549300LR0SMCL4YVFM54 | Long             | EC               | RF                | US        |   6105571 | NS      | $127179043.93 | 10.90%            |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-06-26

**Name of Applicant:** ETF Series Solutions

**Signature:** /s/ Kristen Weitzel

**Name of Signer:** ETF Series Solutions

**Title:** Treasurer