# EDGAR Filing Document

**Accession Number:** 0001540305
**File Stem:** 0001145549-25-050049
**Filing Date:** 2025-7
**Character Count:** 47859
**Document Hash:** c838f7949c9d1a3a18dc340e1ea271d2
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-050049.hdr.sgml**: 20250730

**ACCESSION NUMBER**: 0001145549-25-050049

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250531

**FILED AS OF DATE**: 20250730

**DATE AS OF CHANGE**: 20250730

**PERIOD START**: 20260228

**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:** 251167709

**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

### Hoya Capital High Dividend Yield ETF (Series ID: S000073033)

| Class ID   | Class Name                           | Ticker Symbol   |
|:---|:---|:---|
| C000229810 | Hoya Capital High Dividend Yield ETF | RIET            |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **Hoya Capital High Dividend Yield ETF** | **Hoya Capital High Dividend Yield ETF** | **Hoya Capital High Dividend Yield ETF** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **May 31, 2025 (Unaudited)** | **May 31, 2025 (Unaudited)** | **May 31, 2025 (Unaudited)** |
| **COMMON STOCKS - 88.4%** | **Shares** | **Value**  |
| **Dividend Champions - 15.3%** | **Dividend Champions - 15.3%** | |
| Alexandria Real Estate Equities, Inc. | 13688 | $960761 |
| Apple Hospitality REIT, Inc. | 92086 | 1067277 |
| BXP, Inc. | 18400 | 1238872 |
| Crown Castle, Inc. | 14020 | 1406907 |
| Gaming and Leisure Properties, Inc. | 29080 | 1358036 |
| Realty Income Corporation | 25806 | 1461135 |
| Rithm Capital Corporation | 135163 | 1507067 |
| Simon Property Group, Inc. | 8146 | 1328368 |
| Starwood Property Trust, Inc. | 74517 | 1471711 |
| WP Carey, Inc. | 26009 | 1632325 |
|  |  | 13432459 |
| **Large-Cap REITs - 15.0%** | **Large-Cap REITs - 15.0%** |  |
| AGNC Investment Corporation | 152354 | 1362045 |
| Annaly Capital Management, Inc. | 74896 | 1419279 |
| Healthcare Realty Trust, Inc. | 85725 | 1243013 |
| Healthpeak Properties, Inc. | 68595 | 1194239 |
| Kilroy Realty Corporation | 36541 | 1176620 |
| National Storage Affiliates Trust | 33431 | 1150026 |
| NNN REIT, Inc. | 33995 | 1419631 |
| Omega Healthcare Investors, Inc. | 36989 | 1368593 |
| Sabra Health Care REIT, Inc. | 80591 | 1408731 |
| VICI Properties, Inc. | 45991 | 1458375 |
|  |  | 13200552 |
| **Mid-Cap REITs - 29.6%<sup>(a)</sup>** | **Mid-Cap REITs - 29.6%<sup>(a)</sup>** |  |
| Alexander's, Inc. | 5292 | 1191705 |
| Apollo Commercial Real Estate Finance, Inc. | 129217 | 1270203 |
| Arbor Realty Trust, Inc. | 81419 | 779994 |
| Armada Hoffler Properties, Inc. | 107214 | 746209 |
| ARMOUR Residential REIT, Inc. | 63508 | 1029465 |
| Blackstone Mortgage Trust, Inc. - Class A | 63602 | 1201442 |
| Broadstone Net Lease, Inc. | 68842 | 1095276 |
| Dynex Capital, Inc. | 95795 | 1153372 |
| Easterly Government Properties, Inc. | 38134 | 828652 |
| Ellington Financial, Inc. | 94804 | 1191686 |
| EPR Properties | 26301 | 1464703 |
| Global Net Lease, Inc. | 161341 | 1252006 |
| Highwoods Properties, Inc. | 37125 | 1102613 |
| Innovative Industrial Properties, Inc. | 11037 | 609463 |
| Ladder Capital Corporation | 101448 | 1067233 |
| LTC Properties, Inc. | 30520 | 1080103 |
| LXP Industrial Trust | 127910 | 1097468 |
| Medical Properties Trust, Inc. | 275513 | 1259094 |
| MFA Financial, Inc. | 106343 | 988990 |
| Outfront Media, Inc. | 61100 | 1009372 |
| Park Hotels & Resorts, Inc. | 78852 | 816907 |
| Ready Capital Corporation | 160661 | 718155 |
| RLJ Lodging Trust | 119825 | 874722 |
| Sila Realty Trust, Inc. | 47047 | 1172411 |
| Two Harbors Investment Corporation | 101132 | 1070988 |
|  |  | 26072232 |
| **Small-Cap REITs - 28.5%<sup>(a)</sup>** | **Small-Cap REITs - 28.5%<sup>(a)</sup>** |  |
| Advanced Flower Capital, Inc. | 122787 | 609024 |
| Angel Oak Mortgage REIT, Inc. | 124280 | 1132191 |
| Ares Commercial Real Estate Corporation | 166718 | 768570 |
| Brandywine Realty Trust | 213897 | 904784 |
| BrightSpire Capital, Inc. | 190603 | 964451 |
| Chicago Atlantic Real Estate Finance, Inc. | 73953 | 1076756 |
| City Office REIT, Inc. | 229242 | 1118701 |
| Community Healthcare Trust, Inc. | 64043 | 1046463 |
| CTO Realty Growth, Inc. | 59901 | 1103376 |
| Franklin BSP Realty Trust, Inc. | 91215 | 1006101 |
| Gladstone Commercial Corporation | 69432 | 996349 |
| Global Medical REIT, Inc. | 136438 | 867746 |
| Invesco Mortgage Capital, Inc. | 144774 | 1068432 |
| KKR Real Estate Finance Trust, Inc. | 102572 | 915968 |
| Modiv Industrial, Inc. | 72308 | 1037620 |
| New York Mortgage Trust, Inc. | 198536 | 1296440 |
| Nexpoint Real Estate Finance, Inc. | 69358 | 1024418 |
| One Liberty Properties, Inc. | 41296 | 1010926 |
| Orchid Island Capital, Inc. | 150288 | 1026467 |
| Orion Properties, Inc. | 291744 | 557231 |
| PennyMac Mortgage Investment Trust | 88362 | 1085085 |
| Postal Realty Trust, Inc. - Class A | 85218 | 1179417 |
| Seven Hills Realty Trust | 91344 | 1076946 |
| TPG RE Finance Trust, Inc. | 133665 | 1026547 |
| Universal Health Realty Income Trust | 29136 | 1156991 |
|  |  | 25057000 |
| **TOTAL COMMON STOCKS** (Cost $88,955,233) | **TOTAL COMMON STOCKS** (Cost $88,955,233) | 77762243 |
| **PREFERRED STOCKS - 10.8%** | **Shares** | **Value**  |
| **Preferreds Issued by U.S. REITs - 10.8%** | **Preferreds Issued by U.S. REITs - 10.8%** |  |
|  AG Mortgage Investment Trust, Inc., Series C, 11.04% (3 mo. Term SOFR + 6.74%), Perpetual | 12999 | 320425 |
| AGNC Investment Corporation | – | $– |
| &nbsp;&nbsp; Series C, 9.63% (3 mo. Term SOFR + 5.37%), Perpetual | 12741 | 323749 |
| &nbsp;&nbsp; Series D, 8.85% (3 mo. Term SOFR + 4.59%), Perpetual | 13048 | 319415 |
| Annaly Capital Management, Inc. | – | $– |
| &nbsp;&nbsp; Series F, 9.58% (3 mo. Term SOFR + 5.25%), Perpetual | 12763 | 325329 |
| &nbsp;&nbsp; Series G, 8.76% (3 mo. Term SOFR + 4.43%), Perpetual | 12883 | 318210 |
|  Arbor Realty Trust, Inc., Series D, 6.38%, Perpetual | 17615 | 302626 |
|  ARMOUR Residential REIT, Inc., Series C, 7.00%, Perpetual | 14615 | 304430 |
| Chimera Investment Corporation | – | $– |
| &nbsp;&nbsp; Series B, 10.35% (3 mo. Term SOFR + 6.05%), Perpetual | 12988 | 322362 |
| &nbsp;&nbsp; Series C, 7.75% to 9/30/2025 then 3 mo. LIBOR US + 4.74%, Perpetual <sup>(b)</sup> | 13702 | 311858 |
| &nbsp;&nbsp; Series D, 9.90% (3 mo. Term SOFR + 5.60%), Perpetual | 13205 | 323522 |
|  City Office REIT, Inc., Series A, 6.63%, Perpetual | 17506 | 315108 |
| Global Net Lease, Inc. | – | $– |
| &nbsp;&nbsp; Series A, 7.25%, Perpetual | 14315 | 318795 |
| &nbsp;&nbsp; Series B, 6.88%, Perpetual | 14941 | 316600 |
| &nbsp;&nbsp; Series D, 7.50%, Perpetual | 14229 | 316738 |
|  Granite Point Mortgage Trust, Inc., Series A, 7.00% to 01/15/2027 then SOFR + 5.83%, Perpetual | 18900 | 352296 |
|  Hudson Pacific Properties, Inc., Series C, 4.75%, Perpetual | 23786 | 293519 |
|  KKR Real Estate Finance Trust, Inc., Series A, 6.50%, Perpetual | 15485 | 292666 |
| New York Mortgage Trust, Inc. | – | $– |
| &nbsp;&nbsp; Series D, 8.00% to 10/15/2027 then 3 mo. LIBOR US + 5.70%, Perpetual <sup>(b)</sup> | 14500 | 313490 |
| &nbsp;&nbsp; Series E, 11.28% (3 mo. LIBOR US + 6.43%), Perpetual <sup>(b)</sup> | 13210 | 322720 |
| PennyMac Mortgage Investment Trust | – | $– |
| &nbsp;&nbsp; Series B, 8.00% (3 mo. LIBOR US + 599.00%), Perpetual <sup>(b)</sup> | 13482 | 331927 |
| &nbsp;&nbsp; Series C, 6.75%, Perpetual | 15922 | 300926 |
| Rithm Capital Corporation | – | $– |
| &nbsp;&nbsp; Series A, 10.39% (3 mo. Term SOFR + 6.06%), Perpetual | 12929 | 325294 |
| &nbsp;&nbsp; Series B, 10.23% (3 mo. Term SOFR + 5.90%), Perpetual | 12988 | 325739 |
|  RLJ Lodging Trust, Series A, 1.95%, Perpetual | 13058 | 323708 |
|  SL Green Realty Corporation, Series I, 6.50%, Perpetual | 13820 | 291326 |
|  Summit Hotel Properties, Inc., Series E, 6.25%, Perpetual | 15852 | 294213 |
| Two Harbors Investment Corporation | – | $– |
| &nbsp;&nbsp; Series B, 7.63% to 7/27/2027 then 3 mo. LIBOR US + 5.35%, Perpetual <sup>(b)</sup> | 13956 | 309823 |
| &nbsp;&nbsp; Series C, 9.56% (3 mo. Term SOFR + 5.27%), Perpetual | 13292 | 313691 |
| Vornado Realty Trust | – | $– |
| &nbsp;&nbsp; Series M, 5.25%, Perpetual | 18702 | 315503 |
| &nbsp;&nbsp; Series N, 5.25%, Perpetual | 18450 | 311989 |
| **TOTAL PREFERRED STOCKS** (Cost $9,333,032) | **TOTAL PREFERRED STOCKS** (Cost $9,333,032) | 9457997 |
| **SHORT-TERM INVESTMENTS - 0.7%** |  | **Value**  |
| **Money Market Funds - 0.7%** | **<u>Shares</u>** |  |
| First American Government Obligations Fund - Class X, 4.23% <sup>(c)</sup> | 605560 | 605560 |
| **TOTAL SHORT-TERM INVESTMENTS** (Cost $605,560) | **TOTAL SHORT-TERM INVESTMENTS** (Cost $605,560) | 605560 |
| **TOTAL INVESTMENTS - 99.9% (**Cost $98,893,825**)** | **TOTAL INVESTMENTS - 99.9% (**Cost $98,893,825**)** | 87825800 |
| Other Assets in Excess of Liabilities - 0.1% | Other Assets in Excess of Liabilities - 0.1% | 118264 |
| **TOTAL NET ASSETS - 100.0%** |  | $87944064 |
| two | two | –% |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. | –% |

---

The Fund's security classifications are defined by the Fund's Adviser. LIBOR - London Interbank Offered Rate <br> REIT - Real Estate Investment Trust <br> SOFR - Secured Overnight Financing Rate

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

(b) Securities referencing LIBOR are expected to transition to an alternative reference rate by the security's next scheduled coupon reset date.

(c) The rate shown represents the 7-day annualized effective yield as of May 31, 2025.

------

#### <br>

#### Summary of Fair Value Disclosure as of May 31, 2025 (Unaudited)
Hoya Capital High Dividend Yield 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 May 31, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | 77762243 |  |  | 77762243 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Preferred Stocks | 9457997 |  |  | 9457997 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Money Market Funds | 605560 |  |  | 605560 |
| Total Investments | 87825800 |  |  | 87825800 |
| 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:** Hoya Capital High Dividend Yield ETF

- **b. EDGAR series identifier (if any):** S000073033

- **c. LEI of Series:** 549300J6T1FHX4RHKS53

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

- **a. Date of fiscal year-end:** 2026-02-28

- **b. Date as of which information is reported:** 2025-05-31

**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:** $87981024.23

**Total Liabilities:** $36961.05

**Net Assets:** $87944063.18

**Cash Not Reported:** $489.55

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000229810 | -3.67%               | -4.67%               | -0.35%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-86509.34               | $-4296590.99                               |
| Month 2  | $0.00                    | $-4593018.43                               |
| Month 3  | $-21.35                  | $-697476.47                                |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Gaming and Leisure Properties  | Gaming and Leisure Properties Inc          | CUSIP: 36467J108<br>LEI: 5493006GWRDBCZYWTM57 | Long             | EC               | CORP              | US        |     29080 | NS      | $1358036.00   | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Healthpeak Properties Inc      | Healthpeak Properties Inc                  | CUSIP: 42250P103<br>LEI: 254900M6MTMZM0I22L81 | Long             | EC               | CORP              | US        |     68595 | NS      | $1194238.95   | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Ladder Capital Corp            | Ladder Capital Corp                        | CUSIP: 505743104<br>LEI: 549300Q6LLV2QCV67C06 | Long             | EC               | CORP              | US        |    101448 | NS      | $1067232.96   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| LXP Industrial Trust           | LXP Industrial Trust                       | CUSIP: 529043101<br>LEI: 549300S4MH2ICXDBFV43 | Long             | EC               | CORP              | US        |    127910 | NS      | $1097467.80   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| NEW YORK MORTGAGE TRUST        | New York Mortgage Trust Inc                | CUSIP: 649604881<br>LEI: 549300JFGR0M7ULHWG48 | Long             | EP               | CORP              | US        |     14500 | NS      | $313490.00    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Medical Properties Trust Inc   | Medical Properties Trust Inc               | CUSIP: 58463J304<br>LEI: 254900U6E39J1MQCCY14 | Long             | EC               | CORP              | US        |    275513 | NS      | $1259094.41   | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| National Storage Affiliates Tr | National Storage Affiliates Trust          | CUSIP: 637870106<br>LEI: 529900FS06O8GOYNR108 | Long             | EC               | CORP              | US        |     33431 | NS      | $1150026.40   | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| TPG RE Finance Trust Inc       | TPG RE Finance Trust Inc                   | CUSIP: 87266M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    133665 | NS      | $1026547.20   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| AGNC INVESTMENT CORP           | AGNC Investment Corp                       | CUSIP: 00123Q500<br>LEI: 5TRACI5HRMELWV32OF39 | Long             | EP               | CORP              | US        |     12741 | NS      | $323748.81    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Crown Castle Inc               | Crown Castle Inc                           | CUSIP: 22822V101<br>LEI: 54930012H97VSM0I2R19 | Long             | EC               | CORP              | US        |     14020 | NS      | $1406907.00   | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Franklin BSP Realty Trust Inc  | Franklin BSP Realty Trust Inc              | CUSIP: 35243J101<br>LEI: 549300LH3QNZK9Y1KC93 | Long             | EC               | CORP              | US        |     91215 | NS      | $1006101.45   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Gladstone Commercial Corp      | Gladstone Commercial Corp                  | CUSIP: 376536108<br>LEI: 529900EVVV534W8R0T32 | Long             | EC               | CORP              | US        |     69432 | NS      | $996349.20    | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| GRANITE POINT MTGE TRST        | Granite Point Mortgage Trust Inc           | CUSIP: 38741L305<br>LEI: 529900VX2HQZ76AYIE02 | Long             | EP               | CORP              | US        |     18900 | NS      | $352296.00    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| HUDSON PACIFIC PROPERTIE       | Hudson Pacific Properties Inc              | CUSIP: 444097307<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     23786 | NS      | $293519.24    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| MFA Financial Inc              | MFA Financial Inc                          | CUSIP: 55272X607<br>LEI: YW72IMH2RRC8Z1TGLG58 | Long             | EC               | CORP              | US        |    106343 | NS      | $988989.90    | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| AG MORTGAGE INVEST TR          | AG Mortgage Investment Trust Inc           | CUSIP: 001228402<br>LEI: 549300SNP0PBR2XTFR48 | Long             | EP               | CORP              | US        |     12999 | NS      | $320425.35    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| AGNC INVESTMENT CORP           | AGNC Investment Corp                       | CUSIP: 00123Q609<br>LEI: 5TRACI5HRMELWV32OF39 | Long             | EP               | CORP              | US        |     13048 | NS      | $319415.04    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Annaly Capital Management Inc  | Annaly Capital Management Inc              | CUSIP: 035710839<br>LEI: 2DTL0G3FPRYUT58TI025 | Long             | EC               | CORP              | US        |     74896 | NS      | $1419279.20   | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Arbor Realty Trust Inc         | Arbor Realty Trust Inc                     | CUSIP: 038923108<br>LEI: 549300ASFUWYQO0RW077 | Long             | EC               | CORP              | US        |     81419 | NS      | $779994.02    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Sila Realty Trust Inc          | Sila Realty Trust Inc                      | CUSIP: 146280508<br>LEI: 549300HXH142HWKKSW59 | Long             | EC               | CORP              | US        |     47047 | NS      | $1172411.24   | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Omega Healthcare Investors Inc | Omega Healthcare Investors Inc             | CUSIP: 681936100<br>LEI: 549300OJ7ENK42CZ8E73 | Long             | EC               | CORP              | US        |     36989 | NS      | $1368593.00   | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| PennyMac Mortgage Investment T | PennyMac Mortgage Investment Trust         | CUSIP: 70931T103<br>LEI: 549300BSSOQO1ZWDUJ97 | Long             | EC               | CORP              | US        |     88362 | NS      | $1085085.36   | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Postal Realty Trust Inc        | Postal Realty Trust Inc                    | CUSIP: 73757R102<br>LEI: 5493007B7ZZSIJRGWC41 | Long             | EC               | CORP              | US        |     85218 | NS      | $1179417.12   | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Sabra Health Care REIT Inc     | Sabra Health Care REIT Inc                 | CUSIP: 78573L106<br>LEI: 549300E3BC7GU7TAZ621 | Long             | EC               | CORP              | US        |     80591 | NS      | $1408730.68   | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Seven Hills Realty Trust       | Seven Hills Realty Trust                   | CUSIP: 81784E101<br>LEI: 549300ESBDZ3SA3OEX38 | Long             | EC               | CORP              | US        |     91344 | NS      | $1076945.76   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Starwood Property Trust Inc    | Starwood Property Trust Inc                | CUSIP: 85571B105<br>LEI: BUGSFQZERKRBFWIG5267 | Long             | EC               | CORP              | US        |     74517 | NS      | $1471710.75   | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| VORNADO REALTY TRUST           | Vornado Realty Trust                       | CUSIP: 929042828<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     18702 | NS      | $315502.74    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| PENNYMAC MTGE INVESTMENT       | PennyMac Mortgage Investment Trust         | CUSIP: 70931T509<br>LEI: 549300BSSOQO1ZWDUJ97 | Long             | EP               | CORP              | US        |     15922 | NS      | $300925.80    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Ready Capital Corp             | Ready Capital Corp                         | CUSIP: 75574U101<br>LEI: 549300MYWGZUG7ZUYO87 | Long             | EC               | CORP              | US        |    160661 | NS      | $718154.67    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| SUMMIT HOTEL PROPERTIES        | Summit Hotel Properties Inc                | CUSIP: 866082605<br>LEI: 254900OBQWJK6X20LS71 | Long             | EP               | CORP              | US        |     15852 | NS      | $294213.12    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| TWO HARBORS INV CORP           | Two Harbors Investment Corp                | CUSIP: 90187B507<br>LEI: 549300ZUIBT6KH4HU823 | Long             | EP               | CORP              | US        |     13292 | NS      | $313691.20    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| VICI Properties Inc            | VICI Properties Inc                        | CUSIP: 925652109<br>LEI: 254900RKH6RY9KCJQH63 | Long             | EC               | CORP              | US        |     45991 | NS      | $1458374.61   | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Alexander's Inc                | Alexander's Inc                            | CUSIP: 014752109<br>LEI: 549300TZM28P04U5R635 | Long             | EC               | CORP              | US        |      5292 | NS      | $1191705.48   | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Alexandria Real Estate Equitie | Alexandria Real Estate Equities Inc        | CUSIP: 015271109<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | EC               | CORP              | US        |     13688 | NS      | $960760.72    | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| ANNALY CAPITAL MGMT            | Annaly Capital Management Inc              | CUSIP: 035710870<br>LEI: 2DTL0G3FPRYUT58TI025 | Long             | EP               | CORP              | US        |     12763 | NS      | $325328.87    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| ARBOR REALTY TRUST INC         | Arbor Realty Trust Inc                     | CUSIP: 038923876<br>LEI: 549300ASFUWYQO0RW077 | Long             | EP               | CORP              | US        |     17615 | NS      | $302625.70    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Ares Commercial Real Estate Co | Ares Commercial Real Estate Corp           | CUSIP: 04013V108<br>LEI: 549300ZNO5IWXS443S81 | Long             | EC               | CORP              | US        |    166718 | NS      | $768569.98    | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| ARMOUR RESIDENTIAL REIT        | ARMOUR Residential REIT Inc                | CUSIP: 042315606<br>LEI: 549300K0WA0EJUX74V72 | Long             | EP               | CORP              | US        |     14615 | NS      | $304430.45    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| ARMOUR Residential REIT Inc    | ARMOUR Residential REIT Inc                | CUSIP: 042315705<br>LEI: 549300K0WA0EJUX74V72 | Long             | EC               | CORP              | US        |     63508 | NS      | $1029464.68   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| BXP Inc                        | BXP Inc                                    | CUSIP: 101121101<br>LEI: 549300OF70FSEUQBT254 | Long             | EC               | CORP              | US        |     18400 | NS      | $1238872.00   | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Easterly Government Properties | Easterly Government Properties Inc         | CUSIP: 27616P301<br>LEI: 549300ERMCEFC6S8HL77 | Long             | EC               | CORP              | US        |     38134 | NS      | $828651.82    | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Ellington Financial Inc        | Ellington Financial Inc                    | CUSIP: 28852N109<br>LEI: 60GS1D1R1YY5G1W7IT74 | Long             | EC               | CORP              | US        |     94804 | NS      | $1191686.28   | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| ANNALY CAPITAL MGMT            | Annaly Capital Management Inc              | CUSIP: 035710862<br>LEI: 2DTL0G3FPRYUT58TI025 | Long             | EP               | CORP              | US        |     12883 | NS      | $318210.10    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Apollo Commercial Real Estate  | Apollo Commercial Real Estate Finance Inc  | CUSIP: 03762U105<br>LEI: 549300E0AN7M2AQHSY29 | Long             | EC               | CORP              | US        |    129217 | NS      | $1270203.11   | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Hospitality REIT Inc     | Apple Hospitality REIT Inc                 | CUSIP: 03784Y200<br>LEI: 549300EVZAR0FBZO4F16 | Long             | EC               | CORP              | US        |     92086 | NS      | $1067276.74   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Outfront Media Inc             | Outfront Media Inc                         | CUSIP: 69007J304<br>LEI: 549300RZWDYU5722I639 | Long             | EC               | CORP              | US        |     61100 | NS      | $1009372.00   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| RLJ LODGING TRUST              | RLJ Lodging Trust                          | CUSIP: 74965L200<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     13058 | NS      | $323707.82    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Realty Income Corp             | Realty Income Corp                         | CUSIP: 756109104<br>LEI: 549300CUWDAUZSH43859 | Long             | EC               | CORP              | US        |     25806 | NS      | $1461135.72   | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| KKR REAL ESTATE FIN            | KKR Real Estate Finance Trust Inc          | CUSIP: 48251K209<br>LEI: 549300K23AYZDZ2REL62 | Long             | EP               | CORP              | US        |     15485 | NS      | $292666.50    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Kilroy Realty Corp             | Kilroy Realty Corp                         | CUSIP: 49427F108<br>LEI: 549300CXXI18B214UN80 | Long             | EC               | CORP              | US        |     36541 | NS      | $1176620.20   | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| SL GREEN REALTY CORP           | SL Green Realty Corp                       | CUSIP: 78440X507<br>LEI: 549300VQZPJU97H3GT17 | Long             | EP               | CORP              | US        |     13820 | NS      | $291325.60    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| TWO HARBORS INV CORP           | Two Harbors Investment Corp                | CUSIP: 90187B309<br>LEI: 549300ZUIBT6KH4HU823 | Long             | EP               | CORP              | US        |     13956 | NS      | $309823.20    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Two Harbors Investment Corp    | Two Harbors Investment Corp                | CUSIP: 90187B804<br>LEI: 549300ZUIBT6KH4HU823 | Long             | EC               | CORP              | US        |    101132 | NS      | $1070987.88   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| WP Carey Inc                   | WP Carey Inc                               | CUSIP: 92936U109<br>LEI: 54930042CRNE713E3Q67 | Long             | EC               | CORP              | US        |     26009 | NS      | $1632324.84   | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| RITHM CAPITAL CORP             | Rithm Capital Corp                         | CUSIP: 64828T409<br>LEI: 549300WNTHGEO5LP2G31 | Long             | EP               | CORP              | US        |     12988 | NS      | $325739.04    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| One Liberty Properties Inc     | One Liberty Properties Inc                 | CUSIP: 682406103<br>LEI: 549300QII1CQZGZBZR14 | Long             | EC               | CORP              | US        |     41296 | NS      | $1010926.08   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Park Hotels & Resorts Inc      | Park Hotels & Resorts Inc                  | CUSIP: 700517105<br>LEI: 5493005UZ5TQN0H6HS73 | Long             | EC               | CORP              | US        |     78852 | NS      | $816906.72    | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| PENNYMAC MTGE INVESTMENT       | PennyMac Mortgage Investment Trust         | CUSIP: 70931T400<br>LEI: 549300BSSOQO1ZWDUJ97 | Long             | EP               | CORP              | US        |     13482 | NS      | $331926.84    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| RLJ Lodging Trust              | RLJ Lodging Trust                          | CUSIP: 74965L101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    119825 | NS      | $874722.50    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Simon Property Group Inc       | Simon Property Group Inc                   | CUSIP: 828806109<br>LEI: 529900GQL5X8H7AO3T64 | Long             | EC               | CORP              | US        |      8146 | NS      | $1328368.22   | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Universal Health Realty Income | Universal Health Realty Income Trust       | CUSIP: 91359E105<br>LEI: 549300L4MWZL4IH6H172 | Long             | EC               | CORP              | US        |     29136 | NS      | $1156990.56   | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| VORNADO REALTY TRUST           | Vornado Realty Trust                       | CUSIP: 929042810<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     18450 | NS      | $311989.50    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| RITHM CAPITAL CORP             | Rithm Capital Corp                         | CUSIP: 64828T300<br>LEI: 549300WNTHGEO5LP2G31 | Long             | EP               | CORP              | US        |     12929 | NS      | $325293.64    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| New York Mortgage Trust Inc    | New York Mortgage Trust Inc                | CUSIP: 649604840<br>LEI: 549300JFGR0M7ULHWG48 | Long             | EC               | CORP              | US        |    198536 | NS      | $1296440.08   | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Orchid Island Capital Inc      | Orchid Island Capital Inc                  | CUSIP: 68571X301<br>LEI: 549300KBIHGT19K9DY89 | Long             | EC               | CORP              | US        |    150288 | NS      | $1026467.04   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Angel Oak Mortgage REIT Inc    | Angel Oak Mortgage REIT Inc                | CUSIP: 03464Y108<br>LEI: 5493008M8D7W7VZZ7V36 | Long             | EC               | CORP              | US        |    124280 | NS      | $1132190.80   | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Brandywine Realty Trust        | Brandywine Realty Trust                    | CUSIP: 105368203<br>LEI: 5UZ46ZCYUFYYAC0DS831 | Long             | EC               | CORP              | US        |    213897 | NS      | $904784.31    | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Atlantic Real Estate F | Chicago Atlantic Real Estate Finance Inc   | CUSIP: 167239102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     73953 | NS      | $1076755.68   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| CHIMERA INVESTMENT CORP        | Chimera Investment Corp                    | CUSIP: 16934Q505<br>LEI: 2JBBQFJOL123LOUBE657 | Long             | EP               | CORP              | US        |     13702 | NS      | $311857.52    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Dynex Capital Inc              | Dynex Capital Inc                          | CUSIP: 26817Q886<br>LEI: 5CIJ4S9HAEBWILA19B65 | Long             | EC               | CORP              | US        |     95795 | NS      | $1153371.80   | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| EPR Properties                 | EPR Properties                             | CUSIP: 26884U109<br>LEI: 549300YSSXFHMPOWZ492 | Long             | EC               | CORP              | US        |     26301 | NS      | $1464702.69   | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| GLOBAL NET LEASE INC           | Global Net Lease Inc                       | CUSIP: 379378300<br>LEI: 549300NUYANCT5SU8Z65 | Long             | EP               | CORP              | US        |     14315 | NS      | $318795.05    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| GLOBAL NET LEASE INC           | Global Net Lease Inc                       | CUSIP: 379378508<br>LEI: 549300NUYANCT5SU8Z65 | Long             | EP               | CORP              | US        |     14229 | NS      | $316737.54    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Global Medical REIT Inc        | Global Medical REIT Inc                    | CUSIP: 37954A204<br>LEI: 549300HFRIPQDYU3GU60 | Long             | EC               | CORP              | US        |    136438 | NS      | $867745.68    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Highwoods Properties Inc       | Highwoods Properties Inc                   | CUSIP: 431284108<br>LEI: ZIIGTYKL9T0X3HLTDX53 | Long             | EC               | CORP              | US        |     37125 | NS      | $1102612.50   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Mortgage Capital Inc   | Invesco Mortgage Capital Inc               | CUSIP: 46131B704<br>LEI: PV3BDP2HFZL2FNXQBL39 | Long             | EC               | CORP              | US        |    144774 | NS      | $1068432.12   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| LTC Properties Inc             | LTC Properties Inc                         | CUSIP: 502175102<br>LEI: 549300NRZP8IJG2KY677 | Long             | EC               | CORP              | US        |     30520 | NS      | $1080102.80   | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadstone Net Lease Inc       | Broadstone Net Lease Inc                   | CUSIP: 11135E203<br>LEI: 549300U8D7PT70B49V21 | Long             | EC               | CORP              | US        |     68842 | NS      | $1095276.22   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| CHIMERA INVESTMENT CORP        | Chimera Investment Corp                    | CUSIP: 16934Q406<br>LEI: 2JBBQFJOL123LOUBE657 | Long             | EP               | CORP              | US        |     12988 | NS      | $322362.16    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Global Net Lease Inc           | Global Net Lease Inc                       | CUSIP: 379378201<br>LEI: 549300NUYANCT5SU8Z65 | Long             | EC               | CORP              | US        |    161341 | NS      | $1252006.16   | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| GLOBAL NET LEASE INC           | Global Net Lease Inc                       | CUSIP: 379378409<br>LEI: 549300NUYANCT5SU8Z65 | Long             | EP               | CORP              | US        |     14941 | NS      | $316599.79    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Healthcare Realty Trust Inc    | Healthcare Realty Trust Inc                | CUSIP: 42226K105<br>LEI: 549300L0I14L7I0VLX84 | Long             | EC               | CORP              | US        |     85725 | NS      | $1243012.50   | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Innovative Industrial Properti | Innovative Industrial Properties Inc       | CUSIP: 45781V101<br>LEI: 5493008BQ0545EZXRR30 | Long             | EC               | CORP              | US        |     11037 | NS      | $609463.14    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Armada Hoffler Properties Inc  | Armada Hoffler Properties Inc              | CUSIP: 04208T108<br>LEI: 549300WQRSIV6XZT9313 | Long             | EC               | CORP              | US        |    107214 | NS      | $746209.44    | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackstone Mortgage Trust Inc  | Blackstone Mortgage Trust Inc              | CUSIP: 09257W100<br>LEI: 549300OLDJ20R2Y2UW20 | Long             | EC               | CORP              | US        |     63602 | NS      | $1201441.78   | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| BrightSpire Capital Inc        | BrightSpire Capital Inc                    | CUSIP: 10949T109<br>LEI: 549300BOIFLLMVU37752 | Long             | EC               | CORP              | US        |    190603 | NS      | $964451.18    | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| City Office REIT Inc           | City Office REIT Inc                       | CUSIP: 178587101<br>LEI: 5493003J7157VP25NL57 | Long             | EC               | CORP              | CA        |    229242 | NS      | $1118700.96   | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| KKR Real Estate Finance Trust  | KKR Real Estate Finance Trust Inc          | CUSIP: 48251K100<br>LEI: 549300K23AYZDZ2REL62 | Long             | EC               | CORP              | US        |    102572 | NS      | $915967.96    | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| NNN REIT Inc                   | NNN REIT Inc                               | CUSIP: 637417106<br>LEI: 5493008JKH5SOTI0JS97 | Long             | EC               | CORP              | US        |     33995 | NS      | $1419631.20   | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Nexpoint Real Estate Finance I | Nexpoint Real Estate Finance Inc           | CUSIP: 65342V101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     69358 | NS      | $1024417.66   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Community Healthcare Trust Inc | Community Healthcare Trust Inc             | CUSIP: 20369C106<br>LEI: 549300FATSRCMKOV9536 | Long             | EC               | CORP              | US        |     64043 | NS      | $1046462.62   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| CTO Realty Growth Inc          | CTO Realty Growth Inc                      | CUSIP: 22948Q101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     59901 | NS      | $1103376.42   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Modiv Industrial Inc           | Modiv Industrial Inc                       | CUSIP: 60784B101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     72308 | NS      | $1037619.80   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Rithm Capital Corp             | Rithm Capital Corp                         | CUSIP: 64828T201<br>LEI: 549300WNTHGEO5LP2G31 | Long             | EC               | CORP              | US        |    135163 | NS      | $1507067.45   | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| NEW YORK MORTGAGE TRUST        | New York Mortgage Trust Inc                | CUSIP: 649604873<br>LEI: 549300JFGR0M7ULHWG48 | Long             | EP               | CORP              | US        |     13210 | NS      | $322720.30    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Orion Properties Inc           | Orion Properties Inc                       | CUSIP: 68629Y103<br>LEI: 254900ZBXYX11W8ZL437 | Long             | EC               | CORP              | US        |    291744 | NS      | $557231.04    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| CHIMERA INVESTMENT CORP        | Chimera Investment Corp                    | CUSIP: 16934Q604<br>LEI: 2JBBQFJOL123LOUBE657 | Long             | EP               | CORP              | US        |     13205 | NS      | $323522.50    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Government Obli | First American Government Obligations Fund | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |    605071 | NS      | $605070.51    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Flower Capital Inc    | Advanced Flower Capital Inc                | CUSIP: 00109K105<br>LEI: 5493005G0MGS3E0E7218 | Long             | EC               | CORP              | US        |    122787 | NS      | $609023.52    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| AGNC Investment Corp           | AGNC Investment Corp                       | CUSIP: 00123Q104<br>LEI: 5TRACI5HRMELWV32OF39 | Long             | EC               | CORP              | US        |    152354 | NS      | $1362044.76   | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| CITY OFFICE REIT               | City Office REIT Inc                       | CUSIP: 178587200<br>LEI: 5493003J7157VP25NL57 | Long             | EP               | CORP              | US        |     17506 | NS      | $315108.00    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-30

**Name of Applicant:** ETF Series Solutions

**Signature:** /s/ Kristen Weitzel

**Name of Signer:** ETF Series Solutions

**Title:** Treasurer