# EDGAR Filing Document

**Accession Number:** 0001540305
**File Stem:** 0000894189-26-009759
**Filing Date:** 2026-3
**Character Count:** 31917
**Document Hash:** a4b3663cdcf9ca758e6e821133d994d5
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-26-009759.hdr.sgml**: 20260330

**ACCESSION NUMBER**: 0000894189-26-009759

**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:** 26811730

**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

### Opus Small Cap Value ETF (Series ID: S000062252)

| Class ID   | Class Name               | Ticker Symbol   |
|:---|:---|:---|
| C000201593 | Opus Small Cap Value ETF | OSCV            |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **Opus Small Cap Value ETF** | **Opus Small Cap Value ETF** | **Opus Small Cap Value ETF** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **January 31, 2026 (Unaudited)** | **January 31, 2026 (Unaudited)** | **January 31, 2026 (Unaudited)** |
| **COMMON STOCKS - 96.5%** | **Shares** | **Value**  |
| **Basic Materials - 2.9%** | **Basic Materials - 2.9%** | |
| Hawkins, Inc. | 105036 | $13680939 |
| United States Lime & Minerals, Inc. | 47001 | 5665031 |
|  |  | 19345970 |
| **Communications - 1.2%** | **Communications - 1.2%** |  |
| A10 Networks, Inc. | 448344 | 7819119 |
| **Consumer, Cyclical - 12.5%** | **Consumer, Cyclical - 12.5%** |  |
| Boyd Gaming Corp. | 119698 | 10119269 |
| Copa Holdings SA - Class A | 65357 | 8914695 |
| Gildan Activewear, Inc. | 156259 | 10153710 |
| KB Home | 191300 | 11007402 |
| Murphy USA, Inc. | 22384 | 9457464 |
| PriceSmart, Inc. | 80060 | 11385333 |
| Texas Roadhouse, Inc. | 95332 | 17146413 |
| Winmark Corp. | 11899 | 5362760 |
|  |  | 83547046 |
| **Consumer, Non-cyclical - 8.4%** | **Consumer, Non-cyclical - 8.4%** |  |
| Chemed Corp. | 26739 | 11421296 |
| Encompass Health Corp. | 125641 | 11876844 |
| Ensign Group, Inc. | 100790 | 17301611 |
| LeMaitre Vascular, Inc. | 67483 | 5734031 |
| Service Corp. International | 119633 | 9622082 |
|  |  | 55955864 |
| **Energy - 8.3%** | **Energy - 8.3%** |  |
| Chord Energy Corp. | 68972 | 6913753 |
| Kimbell Royalty Partners LP | 192181 | 2580991 |
| Northern Oil & Gas, Inc. | 286710 | 7167750 |
| Range Resources Corp. | 218101 | 8255123 |
| TechnipFMC PLC | 228318 | 12721879 |
| Viper Energy, Inc. - Class A | 425462 | 18014061 |
|  |  | 55653557 |
| **Financial - 35.1% <sup>(a)</sup>** | **Financial - 35.1% <sup>(a)</sup>** |  |
| Agree Realty Corp. | 91111 | 6580948 |
| American Healthcare REIT, Inc. | 324824 | 15237494 |
| EastGroup Properties, Inc. | 54828 | 9958958 |
| Enterprise Financial Services Corp. | 231657 | 13285529 |
| Essential Properties Realty Trust, Inc. | 332031 | 10080461 |
| FirstService Corp. | 37132 | 5765114 |
| Four Corners Property Trust, Inc. | 174319 | 4296964 |
| German American Bancorp, Inc. | 268413 | 11292135 |
| Hanover Insurance Group, Inc. | 87958 | 15317006 |
| Hingham Institution For Savings | 24643 | 7354703 |
| Home BancShares, Inc. | 378329 | 10933708 |
| Houlihan Lokey, Inc. | 65385 | 11005603 |
| Ladder Capital Corp. | 657377 | 7211426 |
| Lakeland Financial Corp. | 152917 | 9113853 |
| Mercury General Corp. | 78412 | 6868107 |
| Pathward Financial, Inc. | 142108 | 12830931 |
| Primerica, Inc. | 51089 | 13438451 |
| Seacoast Banking Corp. of Florida | 438264 | 14655548 |
| Stock Yards Bancorp, Inc. | 186875 | 12649569 |
| Terreno Realty Corp. | 107304 | 6603488 |
| Victory Capital Holdings, Inc. - Class A | 114074 | 8045639 |
| West BanCorp, Inc. | 402616 | 9554078 |
| Wintrust Financial Corp. | 86700 | 12787383 |
|  |  | 234867096 |
| **Industrial - 21.8%** | **Industrial - 21.8%** |  |
| AptarGroup, Inc. | 62806 | 7847610 |
| Arcosa, Inc. | 130330 | 14918875 |
| Argan, Inc. | 14987 | 5202138 |
| Curtiss-Wright Corp. | 29673 | 19485962 |
| Donaldson Co., Inc. | 52572 | 5359190 |
| Flowserve Corp. | 175070 | 13681721 |
| Franklin Electric Co., Inc. | 67864 | 6760612 |
| Graco, Inc. | 101957 | 8903905 |
| Kadant, Inc. | 40902 | 13131178 |
| nVent Electric PLC | 102285 | 11482514 |
| Owens Corning | 74856 | 8970743 |
| Primoris Services Corp. | 132670 | 19668327 |
| UFP Industries, Inc. | 102187 | 10553873 |
|  |  | 145966648 |
| **Technology - 0.8%** | **Technology - 0.8%** |  |
| Climb Global Solutions, Inc. | 47916 | 5682358 |
| **Utilities - 5.5%** | **Utilities - 5.5%** |  |
| California Water Service Group | 178068 | 7959639 |
| IDACORP, Inc. | 62606 | 8313451 |
| National Fuel Gas Co. | 131685 | 11028619 |
| New Jersey Resources Corp. | 197532 | 9773883 |
|  |  | 37075592 |
| **TOTAL COMMON STOCKS** (Cost $565,627,095) | **TOTAL COMMON STOCKS** (Cost $565,627,095) | 645913250 |
| **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** |
| **MONEY MARKET FUNDS - 3.5%** | **Shares** | **Value**  |
| First American Treasury Obligations Fund - Class X, 3.60% <sup>(b)</sup> | 23620405 | 23620405 |
| **TOTAL MONEY MARKET FUNDS** (Cost $23,620,405) | **TOTAL MONEY MARKET FUNDS** (Cost $23,620,405) | 23620405 |
| **TOTAL INVESTMENTS - 100.0% (**Cost $589,247,500**)** | **TOTAL INVESTMENTS - 100.0% (**Cost $589,247,500**)** | 669533655 |
| Liabilities in Excess of Other Assets - (0.0)% <sup>(c)</sup> | Liabilities in Excess of Other Assets - (0.0)% <sup>(c)</sup> | (192254) |
| **TOTAL NET ASSETS - 100.0%** |  | $669341401 |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. |  |

---

(a) To the extent that the Fund invests more heavily in particular industries or sectors of the economy, its performance will be especially sensitive to developments that significantly affect those industries or
 sectors.

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

(c) Represents less than 0.05% of net assets.

------

#### Summary of Fair Value Disclosure as of January 31, 2026 (Unaudited)
Opus Small Cap Value 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>** |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | $645913250 | $– | $– | $645913250 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Money Market Funds | 23620405 | – | – | 23620405 |
| Total Investments | $669533655 | $– | $– | $669533655 |
| 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:** Opus Small Cap Value ETF

- **b. EDGAR series identifier (if any):** S000062252

- **c. LEI of Series:** 549300Z2UW0ETHQJMF93

**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:** $669785141.56

**Total Liabilities:** $443740.80

**Net Assets:** $669341400.76

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000201593 | 1.80%                | -1.42%               | 5.72%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-166771.26              | $11249806.70                               |
| Month 2  | $2786027.51              | $-13254528.84                              |
| Month 3  | $1324527.60              | $35067796.04                               |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AptarGroup Inc                 | AptarGroup Inc                           | CUSIP: 038336103<br>LEI: VNPEQDQFAA7IY1T2PX43 | Long             | EC               | CORP              | US        |     62806 | NS      | $7847609.70   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Argan Inc                      | Argan Inc                                | CUSIP: 04010E109<br>LEI: 529900E4KZWBV9KGBS83 | Long             | EC               | CORP              | US        |     14987 | NS      | $5202137.57   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| California Water Service Group | California Water Service Group           | CUSIP: 130788102<br>LEI: 529900QABDOBU6UVRQ36 | Long             | EC               | CORP              | US        |    178068 | NS      | $7959639.60   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Enterprise Financial Services  | Enterprise Financial Services Corp       | CUSIP: 293712105<br>LEI: 5493001XTU5DLD632129 | Long             | EC               | CORP              | US        |    231657 | NS      | $13285528.95  | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Graco Inc                      | Graco Inc                                | CUSIP: 384109104<br>LEI: 4T5VJ4S81BRT6Q7GGT78 | Long             | EC               | CORP              | US        |    101957 | NS      | $8903904.81   | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| American Healthcare REIT Inc   | American Healthcare REIT Inc             | CUSIP: 398182303<br>LEI: 2549004GGE2APGNT6O92 | Long             | EC               | CORP              | US        |    324824 | NS      | $15237493.84  | 2.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Kimbell Royalty Partners LP    | Kimbell Royalty Partners LP              | CUSIP: 49435R102<br>LEI: 5493007FC11POVYRB841 | Long             | EC               | CORP              | US        |    192181 | NS      | $2580990.83   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Ladder Capital Corp            | Ladder Capital Corp                      | CUSIP: 505743104<br>LEI: 549300Q6LLV2QCV67C06 | Long             | EC               | CORP              | US        |    657377 | NS      | $7211425.69   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Pathward Financial Inc         | Pathward Financial Inc                   | CUSIP: 59100U108<br>LEI: 5493004X52BH1NBLW813 | Long             | EC               | CORP              | US        |    142108 | NS      | $12830931.32  | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Viper Energy Inc               | Viper Energy Inc                         | CUSIP: 64361Q101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    425462 | NS      | $18014061.08  | 2.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Stock Yards Bancorp Inc        | Stock Yards Bancorp Inc                  | CUSIP: 861025104<br>LEI: 549300YERP9H5TDIQW16 | Long             | EC               | CORP              | US        |    186875 | NS      | $12649568.75  | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Victory Capital Holdings Inc   | Victory Capital Holdings Inc             | CUSIP: 92645B103<br>LEI: 549300BN5LH2CIPPHS71 | Long             | EC               | CORP              | US        |    114074 | NS      | $8045639.22   | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| West BanCorp Inc               | West BanCorp Inc                         | CUSIP: 95123P106<br>LEI: 549300GKFOINCHIYU666 | Long             | EC               | CORP              | US        |    402616 | NS      | $9554077.68   | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Winmark Corp                   | Winmark Corp                             | CUSIP: 974250102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11899 | NS      | $5362760.31   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Boyd Gaming Corp               | Boyd Gaming Corp                         | CUSIP: 103304101<br>LEI: 254900787YGRYS2A1Z35 | Long             | EC               | CORP              | US        |    119698 | NS      | $10119268.92  | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Chemed Corp                    | Chemed Corp                              | CUSIP: 16359R103<br>LEI: 54930020031IDJT2IM79 | Long             | EC               | CORP              | US        |     26739 | NS      | $11421296.46  | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Essential Properties Realty Tr | Essential Properties Realty Trust Inc    | CUSIP: 29670E107<br>LEI: 2549009LXQLVYCGLZO50 | Long             | EC               | CORP              | US        |    332031 | NS      | $10080461.16  | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Flowserve Corp                 | Flowserve Corp                           | CUSIP: 34354P105<br>LEI: 6Y0GK87T6V7NJKZJVM41 | Long             | EC               | CORP              | US        |    175070 | NS      | $13681720.50  | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| New Jersey Resources Corp      | New Jersey Resources Corp                | CUSIP: 646025106<br>LEI: 549300QKBSQBIX4DQ583 | Long             | EC               | CORP              | US        |    197532 | NS      | $9773883.36   | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| PriceSmart Inc                 | PriceSmart Inc                           | CUSIP: 741511109<br>LEI: 549300JVYOSTGVSDZS46 | Long             | EC               | CORP              | US        |     80060 | NS      | $11385332.60  | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Encompass Health Corp          | Encompass Health Corp                    | CUSIP: 29261A100<br>LEI: 549300FVRPM9DRQZRG64 | Long             | EC               | CORP              | US        |    125641 | NS      | $11876843.73  | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Hanover Insurance Group Inc/Th | Hanover Insurance Group Inc/The          | CUSIP: 410867105<br>LEI: JJYR6MFKFF6CF8DBZ078 | Long             | EC               | CORP              | US        |     87958 | NS      | $15317006.12  | 2.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Mercury General Corp           | Mercury General Corp                     | CUSIP: 589400100<br>LEI: 5493001Q9EXPCEL4W527 | Long             | EC               | CORP              | US        |     78412 | NS      | $6868107.08   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| National Fuel Gas Co           | National Fuel Gas Co                     | CUSIP: 636180101<br>LEI: 8JB38FFW1Y3C1HM8E841 | Long             | EC               | CORP              | US        |    131685 | NS      | $11028618.75  | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Agree Realty Corp              | Agree Realty Corp                        | CUSIP: 008492100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     91111 | NS      | $6580947.53   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| German American Bancorp Inc    | German American Bancorp Inc              | CUSIP: 373865104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    268413 | NS      | $11292134.91  | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Houlihan Lokey Inc             | Houlihan Lokey Inc                       | CUSIP: 441593100<br>LEI: 549300S3CNGTQ1QZVY46 | Long             | EC               | CORP              | US        |     65385 | NS      | $11005603.20  | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Murphy USA Inc                 | Murphy USA Inc                           | CUSIP: 626755102<br>LEI: 549300Y081F8XIKQIO72 | Long             | EC               | CORP              | US        |     22384 | NS      | $9457463.84   | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Oil & Gas Inc         | Northern Oil & Gas Inc                   | CUSIP: 665531307<br>LEI: OKFF0PIZDDMNH4UCYE51 | Long             | EC               | CORP              | US        |    286710 | NS      | $7167750.00   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Primoris Services Corp         | Primoris Services Corp                   | CUSIP: 74164F103<br>LEI: 549300UF3OLBJ8D5K349 | Long             | EC               | CORP              | US        |    132670 | NS      | $19668327.50  | 2.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Range Resources Corp           | Range Resources Corp                     | CUSIP: 75281A109<br>LEI: H3Y3WLYCX0BTO1TRW162 | Long             | EC               | CORP              | US        |    218101 | NS      | $8255122.85   | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Service Corp International/US  | Service Corp International/US            | CUSIP: 817565104<br>LEI: 549300RKVM2ME20JHZ15 | Long             | EC               | CORP              | US        |    119633 | NS      | $9622082.19   | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Terreno Realty Corp            | Terreno Realty Corp                      | CUSIP: 88146M101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    107304 | NS      | $6603488.16   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Roadhouse Inc            | Texas Roadhouse Inc                      | CUSIP: 882681109<br>LEI: 5299002Y1CNRPDGXTQ75 | Long             | EC               | CORP              | US        |     95332 | NS      | $17146413.52  | 2.56%             |  |  |  | No            |                  1 | On Loan: No      |
| UFP Industries Inc             | UFP Industries Inc                       | CUSIP: 90278Q108<br>LEI: 5493007KB485C9OV5572 | Long             | EC               | CORP              | US        |    102187 | NS      | $10553873.36  | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Lime & Minerals  | United States Lime & Minerals Inc        | CUSIP: 911922102<br>LEI: 549300VGDEEG8RT7VC89 | Long             | EC               | CORP              | US        |     47001 | NS      | $5665030.53   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Wintrust Financial Corp        | Wintrust Financial Corp                  | CUSIP: 97650W108<br>LEI: Q774KI4AW80FHFW33O61 | Long             | EC               | CORP              | US        |     86700 | NS      | $12787383.00  | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |
| TechnipFMC PLC                 | TechnipFMC PLC                           | CUSIP: N/A<br>LEI: 549300D5I93QWCJTCK36       | Long             | EC               | CORP              | GB        |    228318 | NS      | $12721878.96  | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Ensign Group Inc/The           | Ensign Group Inc/The                     | CUSIP: 29358P101<br>LEI: 5493003K4HEEA8Q0BC72 | Long             | EC               | CORP              | US        |    100790 | NS      | $17301611.40  | 2.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Gildan Activewear Inc          | Gildan Activewear Inc                    | CUSIP: 375916103<br>LEI: 549300SB3IBI34M00Z45 | Long             | EC               | CORP              | CA        |    156259 | NS      | $10153709.82  | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Kadant Inc                     | Kadant Inc                               | CUSIP: 48282T104<br>LEI: 549300K06LNJYBMPYP15 | Long             | EC               | CORP              | US        |     40902 | NS      | $13131178.08  | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Lakeland Financial Corp        | Lakeland Financial Corp                  | CUSIP: 511656100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    152917 | NS      | $9113853.20   | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| A10 Networks Inc               | A10 Networks Inc                         | CUSIP: 002121101<br>LEI: 549300UQD4IWUML81Q35 | Long             | EC               | CORP              | US        |    448344 | NS      | $7819119.36   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Arcosa Inc                     | Arcosa Inc                               | CUSIP: 039653100<br>LEI: 549300WFHLTCZV7D6V29 | Long             | EC               | CORP              | US        |    130330 | NS      | $14918875.10  | 2.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Donaldson Co Inc               | Donaldson Co Inc                         | CUSIP: 257651109<br>LEI: OZE6KXY9QQPR8EJ8WL20 | Long             | EC               | CORP              | US        |     52572 | NS      | $5359189.68   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| EastGroup Properties Inc       | EastGroup Properties Inc                 | CUSIP: 277276101<br>LEI: 31TIGQQZC4P6JMHKSW85 | Long             | EC               | CORP              | US        |     54828 | NS      | $9958957.92   | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Hawkins Inc                    | Hawkins Inc                              | CUSIP: 420261109<br>LEI: 549300VL3IJ23OWX1Y34 | Long             | EC               | CORP              | US        |    105036 | NS      | $13680939.00  | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Hingham Institution For Saving | Hingham Institution For Savings The      | CUSIP: 433323102<br>LEI: 2549009GDCGUR2T6KU55 | Long             | EC               | CORP              | US        |     24643 | NS      | $7354703.35   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Home BancShares Inc/AR         | Home BancShares Inc/AR                   | CUSIP: 436893200<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    378329 | NS      | $10933708.10  | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| IDACORP Inc                    | IDACORP Inc                              | CUSIP: 451107106<br>LEI: N134NUJDWN8UEFA8B673 | Long             | EC               | CORP              | US        |     62606 | NS      | $8313450.74   | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Owens Corning                  | Owens Corning                            | CUSIP: 690742101<br>LEI: JO5M6676RDJIZ2U8X907 | Long             | EC               | CORP              | US        |     74856 | NS      | $8970743.04   | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Primerica Inc                  | Primerica Inc                            | CUSIP: 74164M108<br>LEI: 254900621R686KJR7022 | Long             | EC               | CORP              | US        |     51089 | NS      | $13438450.56  | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| nVent Electric PLC             | nVent Electric PLC                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | GB        |    102285 | NS      | $11482514.10  | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Copa Holdings SA               | Copa Holdings SA                         | CUSIP: N/A<br>LEI: 529900BB9UQJV6QQHA59       | Long             | EC               | CORP              | PA        |     65357 | NS      | $8914694.80   | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Treasury Obliga | First American Treasury Obligations Fund | CUSIP: 31846V328<br>LEI: 549300UU586IAH2B8H03 | Long             | STIV             | RF                | US        |  23620405 | NS      | $23620404.74  | 3.53%             |  |  |  | No            |                  1 | On Loan: No      |
| FirstService Corp              | FirstService Corp                        | CUSIP: 33767E202<br>LEI: 5493000XUDIV75BCF118 | Long             | EC               | CORP              | CA        |     37132 | NS      | $5765114.32   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Four Corners Property Trust In | Four Corners Property Trust Inc          | CUSIP: 35086T109<br>LEI: 549300SVTPZPBDVNER42 | Long             | EC               | CORP              | US        |    174319 | NS      | $4296963.35   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| KB Home                        | KB Home                                  | CUSIP: 48666K109<br>LEI: 549300LGUCWQURMWLG09 | Long             | EC               | CORP              | US        |    191300 | NS      | $11007402.00  | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Chord Energy Corp              | Chord Energy Corp                        | CUSIP: 674215207<br>LEI: 529900FA4V2YNIKZ0M71 | Long             | EC               | CORP              | US        |     68972 | NS      | $6913753.28   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Curtiss-Wright Corp            | Curtiss-Wright Corp                      | CUSIP: 231561101<br>LEI: TEL51ETZWP7D0ZM4X325 | Long             | EC               | CORP              | US        |     29673 | NS      | $19485962.37  | 2.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Franklin Electric Co Inc       | Franklin Electric Co Inc                 | CUSIP: 353514102<br>LEI: RR6AURIKMXUE4Q24G284 | Long             | EC               | CORP              | US        |     67864 | NS      | $6760611.68   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| LeMaitre Vascular Inc          | LeMaitre Vascular Inc                    | CUSIP: 525558201<br>LEI: 549300FZUBUB7MHY8R17 | Long             | EC               | CORP              | US        |     67483 | NS      | $5734030.51   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Seacoast Banking Corp of Flori | Seacoast Banking Corp of Florida         | CUSIP: 811707801<br>LEI: 549300V6IC06XYQYPG88 | Long             | EC               | CORP              | US        |    438264 | NS      | $14655548.16  | 2.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Climb Global Solutions Inc     | Climb Global Solutions Inc               | CUSIP: 946760105<br>LEI: 549300LKM16VX2FG7J68 | Long             | EC               | CORP              | US        |     47916 | NS      | $5682358.44   | 0.85%             |  |  |  | No            |                  1 | 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