# EDGAR Filing Document

**Accession Number:** 0001540305
**File Stem:** 0000894189-26-009749
**Filing Date:** 2026-3
**Character Count:** 27200
**Document Hash:** a0587c1253a9f98433d5d526f21562dc
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-26-009749.hdr.sgml**: 20260330

**ACCESSION NUMBER**: 0000894189-26-009749

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260131

**FILED AS OF DATE**: 20260330

**DATE AS OF CHANGE**: 20260330

**PERIOD START**: 20260430

**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:** 26811718

**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            |

## Nport-Ex

---

| | | | |
|:---|:---|:---|:---|
| **Aptus Defined Risk ETF** | **Aptus Defined Risk ETF** | **Aptus Defined Risk ETF** | **Aptus Defined Risk ETF** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **January 31, 2026 (Unaudited)** | **January 31, 2026 (Unaudited)** | **January 31, 2026 (Unaudited)** | **January 31, 2026 (Unaudited)** |
| **EXCHANGE TRADED FUNDS - 94.6%** | **EXCHANGE TRADED FUNDS - 94.6%** | **Shares** | **Value**  |
| **Investment Grade Corporate Bonds - 94.6%** | **Investment Grade Corporate Bonds - 94.6%** | **Investment Grade Corporate Bonds - 94.6%** | |
| Invesco BulletShares 2029 Corporate Bond ETF | Invesco BulletShares 2029 Corporate Bond ETF | 3517530 | $66340616 |
| Invesco BulletShares 2030 Corporate Bond ETF <sup>(a)</sup> | Invesco BulletShares 2030 Corporate Bond ETF <sup>(a)</sup> | 9121418 | 154334393 |
| Invesco BulletShares 2031 Corporate Bond ETF <sup>(a)</sup> | Invesco BulletShares 2031 Corporate Bond ETF <sup>(a)</sup> | 10545508 | 176004528 |
| Invesco BulletShares 2032 Corporate Bond ETF <sup>(a)</sup> | Invesco BulletShares 2032 Corporate Bond ETF <sup>(a)</sup> | 8665795 | 180768484 |
| Invesco BulletShares 2033 Corporate Bond ETF <sup>(a)</sup> | Invesco BulletShares 2033 Corporate Bond ETF <sup>(a)</sup> | 6953309 | 148870346 |
| Invesco BulletShares 2034 Corporate Bond ETF <sup>(a)</sup> | Invesco BulletShares 2034 Corporate Bond ETF <sup>(a)</sup> | 1756954 | 36878464 |
| iShares iBonds Dec 2029 Term Corporate ETF | iShares iBonds Dec 2029 Term Corporate ETF | 6731663 | 158328714 |
| iShares iBonds Dec 2030 Term Corporate ETF | iShares iBonds Dec 2030 Term Corporate ETF | 5997738 | 132819908 |
| iShares iBonds Dec 2031 Term Corporate ETF <sup>(a)</sup> | iShares iBonds Dec 2031 Term Corporate ETF <sup>(a)</sup> | 7339499 | 155744169 |
| iShares iBonds Dec 2032 Term Corporate ETF <sup>(a)</sup> | iShares iBonds Dec 2032 Term Corporate ETF <sup>(a)</sup> | 6296743 | 161259588 |
|  |  |  | 1371349210 |
| **TOTAL EXCHANGE TRADED FUNDS** (Cost $1,341,465,060) | **TOTAL EXCHANGE TRADED FUNDS** (Cost $1,341,465,060) | **TOTAL EXCHANGE TRADED FUNDS** (Cost $1,341,465,060) | 1371349210 |
| **PURCHASED OPTIONS - 4.3% <sup>(b)(c)(d)</sup>** | **Notional Amount** | **Contracts** | **Value**  |
| **Call Options - 3.8%** | **Call Options - 3.8%** |  |  |
|  Antero Resources Corp., Expiration: 03/20/2026; Exercise Price: $38.00 <sup>(e)</sup> | $145480000 | 40000 | 6800000 |
|  AppLovin Corp., Expiration: 05/15/2026; Exercise Price: $700.00 <sup>(e)</sup> | 141933000 | 3000 | 6855000 |
|  CBOE Volatility Index, Expiration: 02/18/2026; Exercise Price: $25.00 <sup>(e)</sup> | 25811200 | 14800 | 1361600 |
|  IREN Ltd., Expiration: 07/17/2026; Exercise Price: $80.00 <sup>(e)</sup> | 53740000 | 10000 | 8600000 |
|  iShares Expanded Tech-Software Sector ETF, Expiration: 05/15/2026; Exercise Price: $105.00 | 180620000 | 20000 | 2800000 |
|  Netflix, Inc., Expiration: 09/18/2026; Exercise Price: $100.00 <sup>(e)</sup> | 166980000 | 20000 | 9450000 |
| S&P 500 Index | S&P 500 Index |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Expiration: 03/20/2026; Exercise Price: $7,100.00 | 1040854500 | 1500 | 11392500 |
| &nbsp;&nbsp;&nbsp;&nbsp; Expiration: 04/17/2026; Exercise Price: $7,500.00 <sup>(e)</sup> | 2775612000 | 4000 | 5820000 |
|  Snap, Inc., Expiration: 03/20/2026; Exercise Price: $10.00 | 69300000 | 100000 | 1350000 |
| **Total Call Options** |  |  | 54429100 |
| **Put Options - 0.5%** | **Put Options - 0.5%** |  |  |
| iShares iBoxx $ High Yield Corporate Bond ETF <sup>(e)</sup> | iShares iBoxx $ High Yield Corporate Bond ETF <sup>(e)</sup> |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Expiration: 03/20/2026; Exercise Price: $80.00 | 243360000 | 30000 | 1155000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Expiration: 04/17/2026; Exercise Price: $79.00 | 324480000 | 40000 | 1760000 |
|  S&P 500 Index, Expiration: 02/20/2026; Exercise Price: $6,900.00 <sup>(e)</sup> | 485732100 | 700 | 4795000 |
| **Total Put Options** |  |  | 7710000 |
| **TOTAL PURCHASED OPTIONS** (Cost $65,006,987) | **TOTAL PURCHASED OPTIONS** (Cost $65,006,987) | **TOTAL PURCHASED OPTIONS** (Cost $65,006,987) | 62139100 |
| **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** |
| **MONEY MARKET FUNDS - 1.4%** | **MONEY MARKET FUNDS - 1.4%** | **Shares** | **Value**  |
| First American Treasury Obligations Fund - Class X, 3.60% <sup>(f)</sup> | First American Treasury Obligations Fund - Class X, 3.60% <sup>(f)</sup> | 20542719 | 20542719 |
| **TOTAL MONEY MARKET FUNDS** (Cost $20,542,719) | **TOTAL MONEY MARKET FUNDS** (Cost $20,542,719) | **TOTAL MONEY MARKET FUNDS** (Cost $20,542,719) | 20542719 |
| **TOTAL INVESTMENTS - 100.3% (**Cost $1,427,014,766**)** | **TOTAL INVESTMENTS - 100.3% (**Cost $1,427,014,766**)** | **TOTAL INVESTMENTS - 100.3% (**Cost $1,427,014,766**)** | 1454031029 |
| Liabilities in Excess of Other Assets - (0.3)% | Liabilities in Excess of Other Assets - (0.3)% | Liabilities in Excess of Other Assets - (0.3)% | (4429745) |
| **TOTAL NET ASSETS - 100.0%** |  |  | $1449601284 |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. |  |

---

(a) Affiliated security as defined by the Investment Company Act of 1940.

(b) Non-income producing security.

(c) Exchange-traded.

(d) 100 shares per contract.

(e) Held in connection with written option contracts. See Schedule of Written Options for further information.

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

---

| | | | |
|:---|:---|:---|:---|
| <br> **Aptus Defined Risk ETF** | <br> **Aptus Defined Risk ETF** | <br> **Aptus Defined Risk ETF** | <br> **Aptus Defined Risk ETF** |
| **Schedule of Written Options** | **Schedule of Written Options** | **Schedule of Written Options** | **Schedule of Written Options** |
| **January 31, 2026 (Unaudited)** | **January 31, 2026 (Unaudited)** | **January 31, 2026 (Unaudited)** | **January 31, 2026 (Unaudited)** |
| **WRITTEN OPTIONS - (0.7)% <sup>(a)(b)</sup>** | **Notional Amount** | **Contracts** | **Value** |
| **Call Options - (0.6)%** | **Call Options - (0.6)%** | **Call Options - (0.6)%** | **Call Options - (0.6)%** |
| Antero Resources Corp., Expiration: 03/20/2026; Exercise Price: $45.00 | $(145480000) | (40000) | $(1100000) |
| AppLovin Corp., Expiration: 05/15/2026; Exercise Price: $900.00 | (141933000) | (3000) | (2115000) |
| CBOE Volatility Index, Expiration: 02/18/2026; Exercise Price: $50.00 | (25811200) | (14800) | (377400) |
| IREN Ltd., Expiration: 05/15/2026; Exercise Price: $110.00 | (26870000) | (5000) | (1562500) |
| Netflix, Inc., Expiration: 09/18/2026; Exercise Price: $125.00 | (125235000) | (15000) | (1927500) |
| S&P 500 Index, Expiration: 04/17/2026; Exercise Price: $7,800.00 | (2775612000) | (4000) | (1020000) |
| **Total Call Options** |  |  | (8102400) |
| **Put Options - (0.1)%** | **Put Options - (0.1)%** | **Put Options - (0.1)%** | **Put Options - (0.1)%** |
| iShares iBoxx $ High Yield Corporate Bond ETF |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration: 03/20/2026; Exercise Price: $75.00 | (243360000) | (30000) | (285000) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration: 04/17/2026; Exercise Price: $74.00 | (324480000) | (40000) | (560000) |
| S&P 500 Index, Expiration: 02/20/2026; Exercise Price: $6,450.00 | (485732100) | (700) | (826000) |
| **Total Put Options** |  |  | (1671000) |
| **TOTAL WRITTEN OPTIONS** (Premiums received $9,909,622) |  |  | $(9773400) |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. |

---

(a) Exchange-traded.

(b) 100 shares per contract.

------

#### Summary of Fair Value Disclosure as of January 31, 2026 (Unaudited)
Aptus Defined Risk 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 January 31, 2026:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** | | | | |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Exchange Traded Funds | $1371349210 | $– | $– | $1371349210 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Purchased Options | – | 62139100 | – | 62139100 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Money Market Funds | 20542719 | – | – | 20542719 |
| Total Investments | $1391891929 | $62139100 | $– | $1454031029 |
| **Liabilities:** |  |  |  |  |
| <u>Investments:</u> |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Written Options | $– | $(9773400) | $– | $(9773400) |
| Total Investments | $– | $(9773400) | $– | $(9773400) |
| Refer to the Schedule of Investments and Schedule of Written Options for further disaggregation of investment categories. | Refer to the Schedule of Investments and Schedule of Written Options for further disaggregation of investment categories. | Refer to the Schedule of Investments and Schedule of Written Options for further disaggregation of investment categories. | Refer to the Schedule of Investments and Schedule of Written Options for further disaggregation of investment categories. | Refer to the Schedule of Investments and Schedule of Written Options for further disaggregation of investment categories. |

---

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **Aptus Defined Risk ETF - Transactions with Affiliates** | **Aptus Defined Risk ETF - Transactions with Affiliates** | **Aptus Defined Risk ETF - Transactions with Affiliates** | **Aptus Defined Risk ETF - Transactions with Affiliates** | **Aptus Defined Risk ETF - Transactions with Affiliates** | **Aptus Defined Risk ETF - Transactions with Affiliates** | **Aptus Defined Risk ETF - Transactions with Affiliates** | **Aptus Defined Risk ETF - Transactions with Affiliates** | **Aptus Defined Risk ETF - Transactions with Affiliates** | |
|  | **Value as of** <br> **April 30, 2025** | **Additions** | **Reductions** | **Realized** <br> **Gain (Loss)** | **Net Change in Unrealized Appreciation (Depreciation)** | **Value as of** <br> **January 31, 2026** | **Shares as of** <br> **January 31, 2026** | **Dividend /**<br> **Interest Income** | **Capital Gain Distributions from Underlying Funds** |
| Invesco BulletShares 2030 Corporate Bond ETF | $126560646 | $29978889 | $(4436735) | $213995 | $2017598 | $154334393 | 9121418 | $4941834 | $– |
| Invesco BulletShares 2031 Corporate Bond ETF | 126714642 | 50965662 | (4988909) | 285497 | 3027636 | 176004528 | 10545508 | 5635076 | – |
| Invesco BulletShares 2032 Corporate Bond ETF | 107820948 | 73816102 | (5038795) | 231067 | 3939162 | 180768484 | 8665795 | 5875188 | – |
| Invesco BulletShares 2033 Corporate Bond ETF | 81927399 | 67670062 | (4128303) | 136982 | 3264206 | 148870346 | 6953309 | 4883577 | – |
| Invesco BulletShares 2034 Corporate Bond ETF | – | 37426181 | (324787) | 978 | (223908) | 36878464 | 1756954 | 281731 | – |
| iShares iBonds Dec 2030 Term Corporate ETF <sup>(a)</sup> | 109062186 | 25761145 | (3808688) | 184712 | 1620553 | 132819908 | 5997738 | 4159390 | – |
| iShares iBonds Dec 2031 Term Corporate ETF | 127403196 | 30160357 | (4464506) | 260416 | 2384706 | 155744169 | 7339499 | 5076864 | – |
| iShares iBonds Dec 2032 Term Corporate ETF | 102371837 | 59977882 | (3917087) | 216771 | 2610185 | 161259588 | 6296743 | 4255069 | – |
|  | $**781860854** | $**375756280** | $**(31107810)** | $**1530418** | $**18640138** | $**1146679880** | **56676964** | $**35108729** | $**–** |

---

(a) Security is still held but is no longer affiliated as of January 31, 2026. <br>

## 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:** 2026-04-30

- **b. Date as of which information is reported:** 2026-01-31

**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:** $1460822627.11

**Total Liabilities:** $13149616.15

**Net Assets:** $1447673010.96

**Cash Not Reported:** $4106759.51

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000203050 | -0.31%               | -2.05%               | -0.50%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $5668784.39                                |
| Month 2  | $1629201.40              | $-7924315.52                               |
| Month 3  | $406125.79               | $1355308.73                                |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| First American Treasury Obliga | First American Treasury Obligations Fund      | CUSIP: 31846V328<br>LEI: 549300UU586IAH2B8H03 | Long             | STIV             | RF                | US        |  20459131 | NS      | $20459131.36  | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Bulletshares 2031 Corp | Invesco Bulletshares 2031 Corporate Bond ETF  | CUSIP: 46138J429<br>LEI: 54930074YWSAGYW65L96 | Long             | EC               | RF                | US        |  10535200 | NS      | $175832488.00 | 12.15%            |  |  |  | No            |                  1 | On Loan: No      |
| Invesco BulletShares 2030 Corp | Invesco BulletShares 2030 Corporate Bond ETF  | CUSIP: 46138J460<br>LEI: 549300MD9XDNCUMOK111 | Long             | EC               | RF                | US        |   9112502 | NS      | $154183533.84 | 10.65%            |  |  |  | No            |                  1 | On Loan: No      |
| Invesco BulletShares 2029 Corp | Invesco BulletShares 2029 Corporate Bond ETF  | CUSIP: 46138J577<br>LEI: 549300QI81EWC6H7QY92 | Long             | EC               | RF                | US        |   3514092 | NS      | $66275775.12  | 4.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco BulletShares 2033 Corp | Invesco BulletShares 2033 Corporate Bond ETF  | CUSIP: 46139W825<br>LEI: 254900PDI2GNZ8PCD259 | Long             | EC               | RF                | US        |   6946513 | NS      | $148724843.33 | 10.27%            |  |  |  | No            |                  1 | On Loan: No      |
| Invesco BulletShares 2032 Corp | Invesco BulletShares 2032 Corporate Bond ETF  | CUSIP: 46139W858<br>LEI: 5493007MAFSR8RWIXD15 | Long             | EC               | RF                | US        |   8657325 | NS      | $180591799.50 | 12.47%            |  |  |  | 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        |   6290589 | NS      | $161101984.29 | 11.13%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | AppLovin Corp                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      2800 | NC      | $8078000.00   | 0.56%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | AppLovin Corp                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     -2800 | NC      | $-3304000.00  | -0.23%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Antero Resources Corp                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     40000 | NC      | $6800000.00   | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Antero Resources Corp                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |    -40000 | NC      | $-1100000.00  | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | iShares iBoxx $ High Yield Corporate Bond ETF | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |    -30000 | NC      | $-285000.00   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | iShares iBoxx $ High Yield Corporate Bond ETF | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     30000 | NC      | $1155000.00   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | iShares iBoxx $ High Yield Corporate Bond ETF | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |    -40000 | NC      | $-560000.00   | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | iShares iBoxx $ High Yield Corporate Bond ETF | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     40000 | NC      | $1760000.00   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | iShares Expanded Tech-Software Sector ETF     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     20000 | NC      | $2800000.00   | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | IREN Ltd                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     -5000 | NC      | $-1562500.00  | -0.11%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | IREN Ltd                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     10000 | NC      | $8600000.00   | 0.59%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Netflix Inc                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     20000 | NC      | $9450000.00   | 0.65%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Netflix Inc                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |    -15000 | NC      | $-1927500.00  | -0.13%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Snap Inc                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |    100000 | NC      | $1350000.00   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | SPX US 02/20/26 P6450                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -700 | NC      | $-826000.00   | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | SPX US 02/20/26 P6900                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       700 | NC      | $4795000.00   | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | SPX US 03/20/26 C7100                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      1500 | NC      | $11392500.00  | 0.79%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | SPX US 04/17/26 C7500                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      4000 | NC      | $5820000.00   | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Invesco BulletShares 2034 Corp | Invesco BulletShares 2034 Corporate Bond ETF  | CUSIP: 46139W783<br>LEI: 2549006SYK1O7P9DHE28 | Long             | EC               | RF                | US        |   1755238 | NS      | $36842445.62  | 2.54%             |  |  |  | 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        |   6725083 | NS      | $158173952.16 | 10.93%            |  |  |  | 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        |   7332325 | NS      | $155591936.50 | 10.75%            |  |  |  | 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        |   5991876 | NS      | $132690094.02 | 9.17%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | SPX US 04/17/26 C7800                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     -4000 | NC      | $-1020000.00  | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | VIX US 02/18/26 C25                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     14800 | NC      | $1361600.00   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | VIX US 02/18/26 C50                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |    -14800 | NC      | $-377400.00   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-03-25

**Name of Applicant:** ETF Series Solutions

**Signature:** /s/ Kristen Weitzel

**Name of Signer:** ETF Series Solutions

**Title:** Treasurer