# EDGAR Filing Document

**Accession Number:** 0001540305
**File Stem:** 0001193125-26-247553
**Filing Date:** 2026-5
**Character Count:** 20973
**Document Hash:** bff472f8603c5e4ae2c88dbee7b26731
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-247553.hdr.sgml**: 20260529

**ACCESSION NUMBER**: 0001193125-26-247553

**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:** 261042279

**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. Global GO GOLD and Precious Metal Miners ETF (Series ID: S000054641)

| Class ID   | Class Name                                        | Ticker Symbol   |
|:---|:---|:---|
| C000171622 | U.S. Global GO GOLD and Precious Metal Miners ETF | GOAU            |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **U.S. Global GO GOLD and Precious Metal Miners ETF** | **U.S. Global GO GOLD and Precious Metal Miners ETF** | **U.S. Global GO GOLD and Precious Metal Miners ETF** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **March 31, 2026 (Unaudited)** | **March 31, 2026 (Unaudited)** | **March 31, 2026 (Unaudited)** |
| **COMMON STOCKS - 97.5%** | **Shares**  | **Value**  |
| **Canada - 69.5% <sup>(a)</sup>** | **Canada - 69.5% <sup>(a)</sup>** | |
| Agnico Eagle Mines, Ltd. | 29133 | $5913416 |
| Alamos Gold, Inc. - Class A <sup>(b)</sup> | 131021 | 5821263 |
| Andean Precious Metals Corp. <sup>(c)</sup> | 1030813 | 5149989 |
| Barrick Mining Corp. | 142865 | 5827463 |
| Centerra Gold, Inc. | 228452 | 4064161 |
| DPM Metals, Inc. | 222534 | 7835321 |
| Fortuna Mining Corp. <sup>(c)</sup> | 383650 | 3809645 |
| Franco-Nevada Corp. <sup>(b)</sup> | 80370 | 19855409 |
| IAMGOLD Corp. <sup>(c)</sup> | 396581 | 7463654 |
| K92 Mining, Inc. <sup>(c)</sup> | 301502 | 5117146 |
| Kinross Gold Corp. | 195363 | 5962479 |
| Lundin Gold, Inc. | 52334 | 3999445 |
| OceanaGold Corp. | 172969 | 5453541 |
| OR Royalties, Inc. | 453625 | 17246822 |
| Orezone Gold Corp. <sup>(c)</sup> | 2182800 | 3703118 |
| Orla Mining Ltd. | 246374 | 3961891 |
| Santacruz Silver Mining Ltd. <sup>(c)</sup> | 431754 | 3752358 |
| Silvercorp Metals, Inc. <sup>(b)</sup> | 367663 | 3948701 |
| Torex Gold Resources, Inc. | 162790 | 7471887 |
| Wesdome Gold Mines, Ltd. <sup>(c)</sup> | 347325 | 6201965 |
| Wheaton Precious Metals Corp. | 29064 | 3807675 |
|  |  | 136367349 |
| **South Africa - 9.9%** | **South Africa - 9.9%** |  |
| DRDGOLD Ltd. - ADR | 195545 | 5743157 |
| Gold Fields Ltd. - ADR | 166358 | 7552653 |
| Harmony Gold Mining Co. Ltd. - ADR <sup>(b)</sup> | 397947 | 6116445 |
|  |  | 19412255 |
| **United Kingdom - 2.0%** | **United Kingdom - 2.0%** |  |
| Anglogold Ashanti PLC | 40445 | 3937725 |
| **United States - 16.1%** | **United States - 16.1%** |  |
| Coeur Mining, Inc. <sup>(b)(c)</sup> | 390547 | 7330567 |
| Newmont Corp. | 36830 | 3986847 |
| Royal Gold, Inc. | 79985 | 20355383 |
|  |  | 31672797 |
| **TOTAL COMMON STOCKS** (Cost $175,088,490) | **TOTAL COMMON STOCKS** (Cost $175,088,490) | 191390126 |
| **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** |
| **INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 5.9%** | **Units**  | **Value**  |
| Mount Vernon Liquid Assets Portfolio, LLC, 3.78% <sup>(d)</sup> | 11630511 | 11630511 |
| **TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING** (Cost $11,630,511) | **TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING** (Cost $11,630,511) | 11630511 |
| **MONEY MARKET FUNDS - 2.4%** | **Shares**  | **Value**  |
| First American Government Obligations Fund - Class X, 3.58% <sup>(d)</sup> | 4580785 | 4580785 |
| **TOTAL MONEY MARKET FUNDS** (Cost $4,580,785) | **TOTAL MONEY MARKET FUNDS** (Cost $4,580,785) | 4580785 |
| **TOTAL INVESTMENTS - 105.8% (**Cost $191,299,786**)** | **TOTAL INVESTMENTS - 105.8% (**Cost $191,299,786**)** | 207601422 |
| Liabilities in Excess of Other Assets - (5.8)% | Liabilities in Excess of Other Assets - (5.8)% | (11466118) |
| **TOTAL NET ASSETS - 100.0%** |  | $196135304 |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. |  |

---

---

| |
|:---|
| ADR - American Depositary Receipt |
| LLC - Limited Liability Company |
| PLC - Public Limited Company |

---

(a) To the extent that the Fund invests a significant portion of its assets in the securities of companies of a single country or region, it is more likely to be impacted by events or conditions affecting such country
 or region.

(b) All or a portion of this security is on loan as of March 31, 2026. The fair value of these securities was $12,052,414.

(c) Non-income producing security.

(d) The rate shown represents the 7-day annualized yield as of March 31, 2026.

------

#### Summary of Fair Value Disclosure as of March 31, 2026 (Unaudited)
U.S. Global GO GOLD and Precious Metal Miners 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 | $191390126 | $– | $– | $191390126 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Investments Purchased with Proceeds from Securities Lending<sup>(a)</sup> | – | – | – | 11630511 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Money Market Funds | 4580785 | – | – | 4580785 |
| Total Investments | $195970911 | $– | $– | $207601422 |
| 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. |

---

(a) Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amount of
 $11,630,511 presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts listed in the Schedule of Investments.

## 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. Global GO GOLD and Precious Metal Miners ETF

- **b. EDGAR series identifier (if any):** S000054641

- **c. LEI of Series:** 549300J4PT5P85TLCB51

**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:** $207881817.51

**Total Liabilities:** $11746630.03

**Net Assets:** $196135187.48

**Cash Not Reported:** $10727.35

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000171622 | 11.81%               | 17.42%               | -20.82%              |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1602185.61              | $19527851.18                               |
| Month 2  | $2021912.94              | $34038613.42                               |
| Month 3  | $18573215.55             | $-74570069.31                              |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Royal Gold Inc                            | Royal Gold Inc                             | CUSIP: 780287108<br>LEI: 5493001NGRU6SFL04184 | Long             | EC               | CORP              | US        |     79985 | NS      | $20355382.65  | 10.38%            |  |  |  | No            | 1                  | On Loan: No      |
| Silvercorp Metals Inc                     | Silvercorp Metals Inc                      | CUSIP: 82835P103<br>LEI: 52990092RT3UCQ7G3177 | Long             | EC               | CORP              | CA        |    367663 | NS      | $3948700.62   | 2.01%             |  |  |  | No            | 1                  | On Loan: —       |
| Torex Gold Resources Inc                  | Torex Gold Resources Inc                   | CUSIP: 891054603<br>LEI: 549300QL07027186GQ85 | Long             | EC               | CORP              | CA        |    162790 | NS      | $7471886.64   | 3.81%             |  |  |  | No            | 1                  | On Loan: No      |
| Santacruz Silver Mining Ltd               | Santacruz Silver Mining Ltd                | CUSIP: 80280U205<br>LEI: 549300KR50UPLTF0XY61 | Long             | EC               | CORP              | CA        |    431754 | NS      | $3752358.46   | 1.91%             |  |  |  | No            | 1                  | On Loan: No      |
| Anglogold Ashanti Plc                     | Anglogold Ashanti Plc                      | CUSIP: N/A<br>LEI: 2138005YDSA7A82RNU96       | Long             | EC               | CORP              | GB        |     40445 | NS      | $3937725.20   | 2.01%             |  |  |  | No            | 1                  | On Loan: No      |
| DRDGOLD Ltd                               | DRDGOLD Ltd                                | CUSIP: 26152H301<br>LEI: 529900Z0P3GRRN23MG34 | Long             | EC               | CORP              | ZA        |    195545 | NS      | $5743156.65   | 2.93%             |  |  |  | No            | 1                  | On Loan: No      |
| First American Government Obli            | First American Government Obligations Fund | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |   4580785 | NS      | $4580784.83   | 2.34%             |  |  |  | No            | 1                  | On Loan: No      |
| Fortuna Mining Corp                       | Fortuna Mining Corp                        | CUSIP: 349942102<br>LEI: 5493003Q88RVK7CW4735 | Long             | EC               | CORP              | CA        |    383650 | NS      | $3809644.50   | 1.94%             |  |  |  | No            | 1                  | On Loan: No      |
| Franco-Nevada Corp                        | Franco-Nevada Corp                         | CUSIP: 351858105<br>LEI: 98450064C1B5D3E94864 | Long             | EC               | CORP              | CA        |     80370 | NS      | $19855408.50  | 10.12%            |  |  |  | No            | 1                  | On Loan: —       |
| Gold Fields Ltd                           | Gold Fields Ltd                            | CUSIP: 38059T106<br>LEI: 5299003KXIBJQYCBBD72 | Long             | EC               | CORP              | ZA        |    166358 | NS      | $7552653.20   | 3.85%             |  |  |  | No            | 1                  | On Loan: No      |
| Harmony Gold Mining Co Ltd                | Harmony Gold Mining Co Ltd                 | CUSIP: 413216300<br>LEI: 378900986D05F0C29811 | Long             | EC               | CORP              | ZA        |    397947 | NS      | $6116445.39   | 3.12%             |  |  |  | No            | 1                  | On Loan: —       |
| IAMGOLD Corp                              | IAMGOLD Corp                               | CUSIP: 450913108<br>LEI: 254900E7II30XAB9LA72 | Long             | EC               | CORP              | CA        |    396581 | NS      | $7463654.42   | 3.81%             |  |  |  | No            | 1                  | On Loan: No      |
| Kinross Gold Corp                         | Kinross Gold Corp                          | CUSIP: 496902404<br>LEI: 254900O9KHF2A1ZXPT47 | Long             | EC               | CORP              | CA        |    195363 | NS      | $5962478.76   | 3.04%             |  |  |  | No            | 1                  | On Loan: No      |
| Newmont Corp                              | Newmont Corp                               | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |     36830 | NS      | $3986847.50   | 2.03%             |  |  |  | No            | 1                  | On Loan: No      |
| OR Royalties Inc                          | OR Royalties Inc                           | CUSIP: 68390D106<br>LEI: 549300TJZTXZMPQ6K004 | Long             | EC               | CORP              | CA        |    453625 | NS      | $17246822.50  | 8.79%             |  |  |  | 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        |  11630511 | NS      | $11630510.75  | 5.93%             |  |  |  | No            | N/A                | On Loan: No      |
| Orezone Gold Corp                         | Orezone Gold Corp                          | CUSIP: 68616T109<br>LEI: 529900ZRY6WGGRC9Z698 | Long             | EC               | CORP              | CA        |   2182800 | NS      | $3703118.40   | 1.89%             |  |  |  | No            | 1                  | On Loan: No      |
| OceanaGold Corp                           | OceanaGold Corp                            | CUSIP: 675222400<br>LEI: 549300CBMSE8I9N3E232 | Long             | EC               | CORP              | CA        |    172969 | NS      | $5453540.61   | 2.78%             |  |  |  | No            | 1                  | On Loan: No      |
| Lundin Gold Inc                           | Lundin Gold Inc                            | CUSIP: 550371108<br>LEI: 549300ZOV16K515FC525 | Long             | EC               | CORP              | CA        |     52334 | NS      | $3999444.71   | 2.04%             |  |  |  | No            | 1                  | On Loan: No      |
| K92 Mining Inc                            | K92 Mining Inc                             | CUSIP: 499113108<br>LEI: 254900EA8H0X9FEVZU11 | Long             | EC               | CORP              | CA        |    301502 | NS      | $5117146.30   | 2.61%             |  |  |  | No            | 1                  | On Loan: No      |
| Orla Mining Ltd                           | Orla Mining Ltd                            | CUSIP: 68634K106<br>LEI: 529900DU63EUQ1UZKL30 | Long             | EC               | CORP              | CA        |    246374 | NS      | $3961890.86   | 2.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Agnico Eagle Mines Ltd                    | Agnico Eagle Mines Ltd                     | CUSIP: 008474108<br>LEI: 254900BFJ2DOHPMEXN45 | Long             | EC               | CORP              | CA        |     29133 | NS      | $5913416.34   | 3.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Alamos Gold Inc                           | Alamos Gold Inc                            | CUSIP: 011532108<br>LEI: 894500GIHFJZW7YS9660 | Long             | EC               | CORP              | CA        |    131021 | NS      | $5821263.03   | 2.97%             |  |  |  | No            | 1                  | On Loan: —       |
| Barrick Mining Corp                       | Barrick Mining Corp                        | CUSIP: 06849F108<br>LEI: 0O4KBQCJZX82UKGCBV73 | Long             | EC               | CORP              | CA        |    142865 | NS      | $5827463.35   | 2.97%             |  |  |  | No            | 1                  | On Loan: No      |
| Centerra Gold Inc                         | Centerra Gold Inc                          | CUSIP: 152006102<br>LEI: 549300K0HXTMP5JJ0E62 | Long             | EC               | CORP              | CA        |    228452 | NS      | $4064161.08   | 2.07%             |  |  |  | No            | 1                  | On Loan: No      |
| Coeur Mining Inc                          | Coeur Mining Inc                           | CUSIP: 192108504<br>LEI: 5493003AVK173D48DR70 | Long             | EC               | CORP              | US        |    390547 | NS      | $7330567.19   | 3.74%             |  |  |  | No            | 1                  | On Loan: —       |
| Wheaton Precious Metals Corp              | Wheaton Precious Metals Corp               | CUSIP: 962879102<br>LEI: 549300XSFG5ZCGVYD886 | Long             | EC               | CORP              | CA        |     29064 | NS      | $3807674.64   | 1.94%             |  |  |  | No            | 1                  | On Loan: No      |
| Wesdome Gold Mines Ltd                    | Wesdome Gold Mines Ltd                     | CUSIP: 95083R100<br>LEI: 254900D63U62QS84H719 | Long             | EC               | CORP              | CA        |    347325 | NS      | $6201964.63   | 3.16%             |  |  |  | No            | 1                  | On Loan: No      |
| Andean Precious Metals Corp               | Andean Precious Metals Corp                | CUSIP: 03349X101<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |   1030813 | NS      | $5149989.47   | 2.63%             |  |  |  | No            | 1                  | On Loan: No      |
| DPM Metals Inc                            | DPM Metals Inc                             | CUSIP: 26139R109<br>LEI: 549300LATVTU0EIUMD45 | Long             | EC               | CORP              | CA        |    222534 | NS      | $7835321.20   | 3.99%             |  |  |  | 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