# EDGAR Filing Document

**Accession Number:** 0001540305
**File Stem:** 0001145549-23-004485
**Filing Date:** 2023-1
**Character Count:** 101360
**Document Hash:** e40669305a0f41449d02514f390506d0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-23-004485.hdr.sgml**: 20230130

**ACCESSION NUMBER**: 0001145549-23-004485

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221130

**FILED AS OF DATE**: 20230130

**DATE AS OF CHANGE**: 20230130

**PERIOD START**: 20230831

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ETF Series Solutions
- **CENTRAL INDEX KEY:** 0001540305
- **IRS NUMBER:** 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:** 23566805

**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

### Vident U.S. Bond Strategy ETF (Series ID: S000046801)

| Class ID   | Class Name                    | Ticker Symbol   |
|:---|:---|:---|
| C000146217 | Vident U.S. Bond Strategy ETF | VBND            |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **Vident Core U.S. Bond Strategy ETF** | **Vident Core U.S. Bond Strategy ETF** | |
| Schedule of Investments |  |  |
| November 30, 2022 (Unaudited) |  |  |
| **Principal Amount** | **Security Description** | **Value** |
| **CORPORATE BONDS - 25.1%** |  |  |
|  | **Communication Services - 0.6%** |  |
|  | Hughes Satellite Systems Corporation |  |
| $1120000 | &nbsp;&nbsp;&nbsp; 08/01/2026, 5.250% | $1070650 |
|  | Paramount Global |  |
| 1190000 | &nbsp;&nbsp;&nbsp; 02/28/2057, 6.250% (a) | 996625 |
|  |  | 2067275 |
|  | **Consumer Discretionary - 2.1%** |  |
|  | BRUNSWICK Corporation |  |
| 1525000 | &nbsp;&nbsp;&nbsp; 08/18/2031, 2.400% | 1107582 |
|  | Dick's Sporting Goods, Inc. |  |
| 1730000 | &nbsp;&nbsp;&nbsp; 01/15/2052, 4.100% (b) | 1150543 |
|  | Hasbro, Inc. |  |
| 960000 | &nbsp;&nbsp;&nbsp; 03/15/2040, 6.350% | 936875 |
|  | Kohl's Corporation |  |
| 1450000 | &nbsp;&nbsp;&nbsp; 05/01/2031, 3.375% | 1029297 |
|  | Lear Corporation |  |
| 1360000 | &nbsp;&nbsp;&nbsp; 05/15/2049, 5.250% | 1133657 |
|  | MDC Holdings, Inc. |  |
| 1410000 | &nbsp;&nbsp;&nbsp; 01/15/2043, 6.000% | 1141251 |
|  | Mohawk Industries, Inc. |  |
| 1210000 | &nbsp;&nbsp;&nbsp; 05/15/2030, 3.625% (b) | 1036252 |
|  |  | 7535457 |
|  | **Consumer Staples - 0.6%** |  |
|  | Kraft Heinz Foods Company |  |
| 105000 | &nbsp;&nbsp;&nbsp; 01/26/2039, 6.875% | 115958 |
| 890000 | &nbsp;&nbsp;&nbsp; 02/09/2040, 6.500% | 963663 |
|  | Philip Morris International, Inc. |  |
| 1380000 | &nbsp;&nbsp;&nbsp; 11/15/2043, 4.875% | 1182103 |
|  |  | 2261724 |
|  | **Energy - 5.5%** |  |
|  | Continental Resources, Inc. |  |
| 1470000 | &nbsp;&nbsp;&nbsp; 06/01/2044, 4.900% | 1109034 |
|  | Devon Energy Corporation |  |
| 975000 | &nbsp;&nbsp;&nbsp; 09/30/2031, 7.875% | 1110210 |
|  | Energy Transfer LP |  |
| 1030000 | &nbsp;&nbsp;&nbsp; 07/01/2038, 7.500% | 1105950 |
|  | Enterprise Products Operating LLC |  |
| 1480000 | &nbsp;&nbsp;&nbsp; 02/15/2078, 5.375% (a) | 1110003 |
|  | EQT Corporation |  |
| 1020000 | &nbsp;&nbsp;&nbsp; 02/01/2030, 7.000% (b) | 1073155 |
|  | Halliburton Company |  |
| 860000 | &nbsp;&nbsp;&nbsp; 09/15/2039, 7.450% | 980013 |
|  | Hess Corporation |  |
| 1050000 | &nbsp;&nbsp;&nbsp; 01/15/2040, 6.000% | 1049781 |
|  | Magellan Midstream Partners LP |  |
| 1080000 | &nbsp;&nbsp;&nbsp; 10/15/2043, 5.150% | 957620 |
|  | Marathon Oil Corporation |  |
| 945000 | &nbsp;&nbsp;&nbsp; 10/01/2037, 6.600% | 968982 |
|  | Marathon Petroleum Corporation |  |
| 945000 | &nbsp;&nbsp;&nbsp; 03/01/2041, 6.500% | 985705 |
|  | NOV, Inc. |  |
| 1600000 | &nbsp;&nbsp;&nbsp; 12/01/2042, 3.950% | 1142620 |
|  | ONEOK Partners LP |  |
| 800000 | &nbsp;&nbsp;&nbsp; 10/01/2036, 6.650% | 797283 |
| 270000 | &nbsp;&nbsp;&nbsp; 10/15/2037, 6.850% | 276624 |
| 105000 | &nbsp;&nbsp;&nbsp; 02/01/2041, 6.125% | 99057 |
|  | Ovintiv, Inc. |  |
| 920000 | &nbsp;&nbsp;&nbsp; 11/01/2031, 7.375% | 995420 |
|  | Patterson-UTI Energy, Inc. |  |
| 1220000 | &nbsp;&nbsp;&nbsp; 02/01/2028, 3.950% (b) | 1082346 |
|  | Phillips 66 Company |  |
| 930000 | &nbsp;&nbsp;&nbsp; 10/01/2046, 4.900% (c) | 840633 |
|  | Plains All American Pipeline LP / PAA Finance Corporation |  |
| 160000 | &nbsp;&nbsp;&nbsp; 06/15/2044, 4.700% | 123896 |
| 1305000 | &nbsp;&nbsp;&nbsp; 02/15/2045, 4.900% | 1026290 |
|  | Targa Resources Partners LP / Targa Resources Partners Finance Corporation |  |
| 1040000 | &nbsp;&nbsp;&nbsp; 01/15/2029, 6.875% | 1068008 |
|  | Valero Energy Corporation |  |
| 1000000 | &nbsp;&nbsp;&nbsp; 06/15/2037, 6.625% | 1066766 |
|  | Western Midstream Operating LP |  |
| 1365000 | &nbsp;&nbsp;&nbsp; 02/01/2050, 5.250% | 1115330 |
|  |  | 20084726 |
|  | **Financials - 5.9%** |  |
|  | Allstate Corporation |  |
| 1100000 | &nbsp;&nbsp;&nbsp; 05/15/2067, 6.500% (a) | 1058297 |
|  | Ally Financial, Inc. |  |
| 990000 | &nbsp;&nbsp;&nbsp; 11/01/2031, 8.000% | 1060424 |
|  | American Equity Investment Life Holding Company |  |
| 1115000 | &nbsp;&nbsp;&nbsp; 06/15/2027, 5.000% | 1064313 |
|  | Blackstone Secured Lending Fund |  |
| 1430000 | &nbsp;&nbsp;&nbsp; 09/30/2028, 2.850% | 1134273 |
|  | Brighthouse Financial, Inc. |  |
| 1515000 | &nbsp;&nbsp;&nbsp; 06/22/2047, 4.700% | 1122363 |
|  | Corebridge Financial, Inc. |  |
| 1145000 | &nbsp;&nbsp;&nbsp; 12/15/2052, 6.875% (a)(b)(c) | 1048745 |
|  | Enstar Group, Ltd. |  |
| 1120000 | &nbsp;&nbsp;&nbsp; 06/01/2029, 4.950% | 1026787 |
|  | Fifth Third Bancorp |  |
| 810000 | &nbsp;&nbsp;&nbsp; 03/01/2038, 8.250% | 982649 |
|  | GLP Capital LP / GLP Financing II, Inc. |  |
| 1090000 | &nbsp;&nbsp;&nbsp; 06/01/2028, 5.750% | 1055090 |
|  | Huntington Bancshares, Inc. |  |
| 1500000 | &nbsp;&nbsp;&nbsp; 08/15/2036, 2.487% (a) | 1085218 |
|  | Legg Mason, Inc. |  |
| 930000 | &nbsp;&nbsp;&nbsp; 01/15/2044, 5.625% | 920498 |
|  | Lincoln National Corporation |  |
| 820000 | &nbsp;&nbsp;&nbsp; 06/15/2040, 7.000% | 845347 |
|  | Markel Corporation |  |
| 1000000 | &nbsp;&nbsp;&nbsp; 04/05/2046, 5.000% | 880128 |
|  | MetLife, Inc. |  |
| 810000 | &nbsp;&nbsp;&nbsp; 08/01/2069, 10.750% | 1071282 |
|  | MGIC Investment Corporation |  |
| 1170000 | &nbsp;&nbsp;&nbsp; 08/15/2028, 5.250% | 1066003 |
|  | Prudential Financial, Inc. |  |
| 1100000 | &nbsp;&nbsp;&nbsp; 05/15/2045, 5.375% (a) | 1033516 |
|  | Radian Group, Inc. |  |
| 1085000 | &nbsp;&nbsp;&nbsp; 03/15/2025, 6.625% | 1075691 |
|  | Regions Bank |  |
| 888000 | &nbsp;&nbsp;&nbsp; 06/26/2037, 6.450% | 922144 |
|  | Synchrony Financial |  |
| 1170000 | &nbsp;&nbsp;&nbsp; 08/04/2026, 3.700% | 1065373 |
|  | Unum Group |  |
| 1260000 | &nbsp;&nbsp;&nbsp; 08/15/2042, 5.750% | 1124345 |
|  | Western Alliance Bancorp |  |
| 1180000 | &nbsp;&nbsp;&nbsp; 06/15/2031, 3.000% (a) | 1006930 |
|  |  | 21649416 |
|  | **Health Care - 0.8%** |  |
|  | Cardinal Health, Inc. |  |
| 1150000 | &nbsp;&nbsp;&nbsp; 06/15/2047, 4.368% | 904703 |
|  | Centene Corporation |  |
| 1140000 | &nbsp;&nbsp;&nbsp; 12/15/2029, 4.625% | 1061488 |
|  | HCA, Inc. |  |
| 960000 | &nbsp;&nbsp;&nbsp; 06/15/2047, 5.500% | 868605 |
|  |  | 2834796 |
|  | **Industrials - 1.7%** |  |
|  | Air Lease Corporation |  |
| 1190000 | &nbsp;&nbsp;&nbsp; 10/01/2028, 4.625% | 1110445 |
|  | BNSF Funding Trust I |  |
| 1090000 | &nbsp;&nbsp;&nbsp; 12/15/2055, 6.613% (a) | 1015216 |
|  | FedEx Corporation |  |
| 1015000 | &nbsp;&nbsp;&nbsp; 01/15/2044, 5.100% | 911980 |
|  | Flowserve Corporation |  |
| 1310000 | &nbsp;&nbsp;&nbsp; 10/01/2030, 3.500% | 1094514 |
|  | Kirby Corporation |  |
| 1170000 | &nbsp;&nbsp;&nbsp; 03/01/2028, 4.200% | 1062052 |
|  | Owens Corning |  |
| 1130000 | &nbsp;&nbsp;&nbsp; 07/15/2047, 4.300% | 874381 |
|  |  | 6068588 |
|  | **Information Technology - 2.2%** |  |
|  | Broadcom, Inc. |  |
| 1105000 | &nbsp;&nbsp;&nbsp; 04/15/2030, 5.000% | 1056709 |
|  | Corning, Inc. |  |
| 685000 | &nbsp;&nbsp;&nbsp; 11/15/2079, 5.450% | 606567 |
|  | HP, Inc. |  |
| 995000 | &nbsp;&nbsp;&nbsp; 09/15/2041, 6.000% (b) | 972029 |
|  | Jabil, Inc. |  |
| 220000 | &nbsp;&nbsp;&nbsp; 01/12/2028, 3.950% | 205099 |
|  | Kyndryl Holdings, Inc. |  |
| 200000 | &nbsp;&nbsp;&nbsp; 10/15/2031, 3.150% | 132180 |
| 1700000 | &nbsp;&nbsp;&nbsp; 10/15/2041, 4.100% | 1010645 |
|  | Micron Technology, Inc. |  |
| 1070000 | &nbsp;&nbsp;&nbsp; 02/06/2029, 5.327% | 1037702 |
|  | Qorvo, Inc. |  |
| 925000 | &nbsp;&nbsp;&nbsp; 10/15/2029, 4.375% | 822094 |
|  | Vontier Corporation |  |
| 1510000 | &nbsp;&nbsp;&nbsp; 04/01/2031, 2.950% | 1091881 |
|  | Western Digital Corporation |  |
| 1520000 | &nbsp;&nbsp;&nbsp; 02/01/2032, 3.100% | 1126137 |
|  |  | 8061043 |
|  | **Materials - 1.4%** |  |
|  | Celanese US Holdings LLC |  |
| 1125000 | &nbsp;&nbsp;&nbsp; 07/15/2029, 6.330% | 1079321 |
|  | Dow Chemical Company |  |
| 650000 | &nbsp;&nbsp;&nbsp; 05/15/2039, 9.400% | 856181 |
|  | Freeport-McMoRan, Inc. |  |
| 1190000 | &nbsp;&nbsp;&nbsp; 03/15/2043, 5.450% (b) | 1063937 |
|  | Martin Marietta Materials, Inc. |  |
| 205000 | &nbsp;&nbsp;&nbsp; 12/15/2047, 4.250% | 167458 |
|  | Mosaic Company |  |
| 950000 | &nbsp;&nbsp;&nbsp; 11/15/2043, 5.625% | 881694 |
|  | Vulcan Materials Company |  |
| 1040000 | &nbsp;&nbsp;&nbsp; 06/15/2047, 4.500% | 876499 |
|  |  | 4925090 |
|  | **Real Estate - 1.7%** |  |
|  | Brixmor Operating Partnership LP |  |
| 1185000 | &nbsp;&nbsp;&nbsp; 07/01/2030, 4.050% | 1033232 |
|  | EPR Properties |  |
| 1400000 | &nbsp;&nbsp;&nbsp; 08/15/2029, 3.750% | 1100743 |
|  | MPT Operating Partnership LP / MPT Finance Corporation |  |
| 1415000 | &nbsp;&nbsp;&nbsp; 08/01/2029, 4.625% (b) | 1114971 |
|  | Omega Healthcare Investors, Inc. |  |
| 1095000 | &nbsp;&nbsp;&nbsp; 01/15/2026, 5.250% | 1068644 |
|  | Sabra Health Care LP |  |
| 1400000 | &nbsp;&nbsp;&nbsp; 12/01/2031, 3.200% | 1054678 |
|  | Simon Property Group LP |  |
| 850000 | &nbsp;&nbsp;&nbsp; 02/01/2040, 6.750% | 911825 |
|  |  | 6284093 |
|  | **Utilities - 2.6%** |  |
|  | American Electric Power Company, Inc. |  |
| 1320000 | &nbsp;&nbsp;&nbsp; 02/15/2062, 3.875% (a) | 1021262 |
|  | CMS Energy Corporation |  |
| 1240000 | &nbsp;&nbsp;&nbsp; 06/01/2050, 4.750% (a) | 1035974 |
|  | Dominion Energy, Inc. |  |
| 1150000 | &nbsp;&nbsp;&nbsp; 10/01/2054, 5.750% (a) | 1070967 |
|  | Duke Energy Corporation |  |
| 1505000 | &nbsp;&nbsp;&nbsp; 01/15/2082, 3.250% (a) | 1074891 |
|  | Edison International |  |
| 1185000 | &nbsp;&nbsp;&nbsp; 03/15/2028, 4.125% | 1092914 |
|  | National Fuel Gas Company |  |
| 1100000 | &nbsp;&nbsp;&nbsp; 01/15/2026, 5.500% | 1101755 |
|  | NextEra Energy Capital Holdings, Inc. |  |
| 1130000 | &nbsp;&nbsp;&nbsp; 12/01/2077, 4.800% (a) | 905067 |
| 160000 | &nbsp;&nbsp;&nbsp; 03/15/2082, 3.800% (a) | 125341 |
|  | Sempra Energy |  |
| 1400000 | &nbsp;&nbsp;&nbsp; 04/01/2052, 4.125% (a) | 1084099 |
|  | Southern Company |  |
| 1345000 | &nbsp;&nbsp;&nbsp; 09/15/2051, 3.750% (a) | 1082254 |
|  |  | 9594524 |
|  | TOTAL CORPORATE BONDS (Cost $103,552,132) | 91366732 |
| **MORTGAGE BACKED SECURITIES - U.S. GOVERNMENT AGENCY - 11.2%** | **MORTGAGE BACKED SECURITIES - U.S. GOVERNMENT AGENCY - 11.2%** |  |
|  | Federal Home Loan Banks |  |
| 310000 | &nbsp;&nbsp;&nbsp; 08/15/2024, 1.500% | 294372 |
| 225000 | &nbsp;&nbsp;&nbsp; 12/20/2024, 1.000% | 209238 |
| 300000 | &nbsp;&nbsp;&nbsp; 09/13/2024, 2.875% | 291224 |
| 230000 | &nbsp;&nbsp;&nbsp; 12/13/2024, 2.750% | 222153 |
| 205000 | &nbsp;&nbsp;&nbsp; 03/14/2025, 2.375% | 196074 |
| 235000 | &nbsp;&nbsp;&nbsp; 04/14/2025, 0.500% | 215777 |
| 305000 | &nbsp;&nbsp;&nbsp; 09/04/2025, 0.375% | 274723 |
|  |  | 1703561 |
|  | Federal Home Loan Mortgage Corporation |  |
| 195000 | &nbsp;&nbsp;&nbsp; 02/12/2025, 1.500% | 183340 |
| 125000 | &nbsp;&nbsp;&nbsp; 07/21/2025, 0.375% | 113203 |
| 240000 | &nbsp;&nbsp;&nbsp; 09/23/2025, 0.375% | 215814 |
|  |  | 512357 |
|  | Federal National Mortgage Association |  |
| 300000 | &nbsp;&nbsp;&nbsp; 09/06/2024, 2.625% | 290740 |
| 275000 | &nbsp;&nbsp;&nbsp; 10/15/2024, 1.625% | 260714 |
| 220000 | &nbsp;&nbsp;&nbsp; 01/07/2025, 1.625% | 207724 |
| 230000 | &nbsp;&nbsp;&nbsp; 04/22/2025, 0.625% | 210497 |
| 135000 | &nbsp;&nbsp;&nbsp; 06/17/2025, 0.500% | 122853 |
| 130000 | &nbsp;&nbsp;&nbsp; 08/25/2025, 0.375% | 117170 |
| 520000 | &nbsp;&nbsp;&nbsp; 11/07/2025, 0.500% | 466939 |
| 285000 | &nbsp;&nbsp;&nbsp; 04/24/2026, 2.125% | 267160 |
| 190000 | &nbsp;&nbsp;&nbsp; 09/24/2026, 1.875% | 175469 |
| 150000 | &nbsp;&nbsp;&nbsp; 07/15/2037, 5.625% | 167322 |
| 5300000 | &nbsp;&nbsp;&nbsp; 12/15/2040, 3.500% (d) | 4842772 |
| 1500000 | &nbsp;&nbsp;&nbsp; 12/15/2040, 4.500% (d) | 1456172 |
| 1000000 | &nbsp;&nbsp;&nbsp; 12/15/2040, 5.000% (d) | 992969 |
| 2600000 | &nbsp;&nbsp;&nbsp; 12/15/2040, 5.500% (d) | 2625797 |
| 2660000 | &nbsp;&nbsp;&nbsp; 12/15/2041, 4.000% (d) | 2509440 |
| 3176597 | &nbsp;&nbsp;&nbsp; 04/01/2052, 4.000% | 3000643 |
| 3853476 | &nbsp;&nbsp;&nbsp; 05/01/2052, 4.000% | 3641629 |
| 3878588 | &nbsp;&nbsp;&nbsp; 06/01/2052, 4.000% | 3663752 |
|  |  | 25019762 |
|  | Government National Mortgage Association |  |
| 1550000 | &nbsp;&nbsp;&nbsp; 12/15/2041, 4.000% (d) | 1475830 |
| 1500000 | &nbsp;&nbsp;&nbsp; 12/15/2041, 4.500% (d) | 1465371 |
| 3940000 | &nbsp;&nbsp;&nbsp; 12/15/2042, 3.500% (d) | 3648579 |
| 2180000 | &nbsp;&nbsp;&nbsp; 12/15/2048, 5.000% (d) | 2173187 |
| 4760000 | &nbsp;&nbsp;&nbsp; 12/15/2052, 5.500% (d) | 4807972 |
|  |  | 13570939 |
|  | TOTAL MORTGAGE BACKED SECURITIES - U.S. GOVERNMENT AGENCY (Cost $41,197,216) | 40806619 |
| **U.S. GOVERNMENT AGENCY ISSUE - 1.7%** | **U.S. GOVERNMENT AGENCY ISSUE - 1.7%** |  |
|  | **Financials - 0.2%** |  |
|  | Federal Farm Credit Banks Funding Corporation |  |
| 240000 | &nbsp;&nbsp;&nbsp; 11/18/2024, 0.875% | 223835 |
| 210000 | &nbsp;&nbsp;&nbsp; 01/06/2025, 1.125% | 195905 |
| 200000 | &nbsp;&nbsp;&nbsp; 02/14/2025, 1.750% | 188450 |
|  |  | 608190 |
|  | **Utilities - 1.5%** |  |
|  | Tennessee Valley Authority |  |
| 145000 | &nbsp;&nbsp;&nbsp; 09/15/2024, 2.875% | 140777 |
| 425000 | &nbsp;&nbsp;&nbsp; 05/15/2025, 0.750% | 387386 |
| 385000 | &nbsp;&nbsp;&nbsp; 11/01/2025, 6.750% | 410522 |
| 455000 | &nbsp;&nbsp;&nbsp; 02/01/2027, 2.875% | 432981 |
| 730000 | &nbsp;&nbsp;&nbsp; 04/01/2036, 5.880% | 811701 |
| 920000 | &nbsp;&nbsp;&nbsp; 01/15/2038, 6.150% | 1054087 |
| 1050000 | &nbsp;&nbsp;&nbsp; 09/15/2039, 5.250% | 1096119 |
| 690000 | &nbsp;&nbsp;&nbsp; 12/15/2042, 3.500% | 570368 |
| 390000 | &nbsp;&nbsp;&nbsp; 04/01/2056, 5.375% | 423363 |
| 210000 | &nbsp;&nbsp;&nbsp; 09/15/2060, 4.625% | 198140 |
| 110000 | &nbsp;&nbsp;&nbsp; 09/15/2065, 4.250% | 97702 |
|  |  | 5623146 |
|  | TOTAL U.S. GOVERNMENT AGENCY ISSUE (Cost $7,050,128) | 6231336 |
| **U.S. GOVERNMENT NOTES/BONDS - 61.2%** | **U.S. GOVERNMENT NOTES/BONDS - 61.2%** |  |
|  | **U.S. Treasury Bonds - 26.0%** |  |
|  | United States Treasury Bonds |  |
| 13635000 | &nbsp;&nbsp;&nbsp; 02/15/2026, 6.000% | 14403567 |
| 750000 | &nbsp;&nbsp;&nbsp; 11/15/2040, 1.375% | 494927 |
| 4130000 | &nbsp;&nbsp;&nbsp; 08/15/2041, 1.750% | 2866639 |
| 2690000 | &nbsp;&nbsp;&nbsp; 11/15/2041, 2.000% | 1949620 |
| 11600000 | &nbsp;&nbsp;&nbsp; 08/15/2042, 2.750% | 9511094 |
| 9710000 | &nbsp;&nbsp;&nbsp; 11/15/2042, 2.750% | 7937925 |
| 13815000 | &nbsp;&nbsp;&nbsp; 02/15/2043, 3.125% | 12006638 |
| 16195000 | &nbsp;&nbsp;&nbsp; 05/15/2043, 2.875% | 13479807 |
| 375000 | &nbsp;&nbsp;&nbsp; 08/15/2043, 3.625% | 351958 |
| 2130000 | &nbsp;&nbsp;&nbsp; 11/15/2043, 3.750% | 2034857 |
| 3100000 | &nbsp;&nbsp;&nbsp; 02/15/2044, 3.625% | 2902738 |
| 6480000 | &nbsp;&nbsp;&nbsp; 05/15/2044, 3.375% | 5820356 |
| 7970000 | &nbsp;&nbsp;&nbsp; 08/15/2044, 3.125% | 6857625 |
| 8775000 | &nbsp;&nbsp;&nbsp; 11/15/2044, 3.000% | 7383340 |
| 4560000 | &nbsp;&nbsp;&nbsp; 02/15/2045, 2.500% | 3500067 |
| 4100000 | &nbsp;&nbsp;&nbsp; 05/15/2045, 3.000% | 3438715 |
|  |  | 94939873 |
|  | **U.S. Treasury Notes - 35.2%** |  |
|  | United States Treasury Notes |  |
| 10815000 | &nbsp;&nbsp;&nbsp; 08/15/2024, 0.375% | 10085832 |
| 11255000 | &nbsp;&nbsp;&nbsp; 08/31/2024, 1.250% | 10642570 |
| 17505000 | &nbsp;&nbsp;&nbsp; 08/31/2024, 1.875% | 16727532 |
| 14080000 | &nbsp;&nbsp;&nbsp; 09/15/2024, 0.375% | 13099900 |
| 2400000 | &nbsp;&nbsp;&nbsp; 09/30/2024, 1.500% | 2275875 |
| 6925000 | &nbsp;&nbsp;&nbsp; 10/15/2024, 0.625% | 6457022 |
| 850000 | &nbsp;&nbsp;&nbsp; 10/31/2024, 2.250% | 816631 |
| 4140000 | &nbsp;&nbsp;&nbsp; 11/30/2024, 1.500% | 3912623 |
| 1480000 | &nbsp;&nbsp;&nbsp; 11/30/2024, 2.125% | 1416869 |
| 1490000 | &nbsp;&nbsp;&nbsp; 12/31/2024, 1.750% | 1414045 |
| 4185000 | &nbsp;&nbsp;&nbsp; 01/15/2025, 1.125% | 3913139 |
| 3865000 | &nbsp;&nbsp;&nbsp; 01/31/2025, 1.375% | 3632647 |
| 11460000 | &nbsp;&nbsp;&nbsp; 01/31/2025, 2.500% | 11028459 |
| 13255000 | &nbsp;&nbsp;&nbsp; 02/15/2025, 1.500% | 12468502 |
| 5685000 | &nbsp;&nbsp;&nbsp; 02/15/2025, 2.000% | 5409411 |
| 5600000 | &nbsp;&nbsp;&nbsp; 03/15/2025, 1.750% | 5294187 |
| 2115000 | &nbsp;&nbsp;&nbsp; 03/31/2025, 0.500% | 1941917 |
| 780000 | &nbsp;&nbsp;&nbsp; 04/15/2025, 2.625% | 751024 |
| 3500000 | &nbsp;&nbsp;&nbsp; 04/30/2025, 0.375% | 3193613 |
| 7095000 | &nbsp;&nbsp;&nbsp; 04/30/2025, 2.875% | 6869955 |
| 835000 | &nbsp;&nbsp;&nbsp; 05/15/2025, 2.125% | 794000 |
| 6245000 | &nbsp;&nbsp;&nbsp; 05/31/2025, 2.875% | 6044965 |
|  |  | 128190718 |
|  | TOTAL U.S. GOVERNMENT NOTES/BONDS (Cost $235,198,849) | 223130591 |
| **SHORT-TERM INVESTMENTS - 6.0%** | **SHORT-TERM INVESTMENTS - 6.0%** |  |
|  | **Money Market Deposit Account - 6.0%** |  |
| 22045038 | U.S. Bank Money Market Deposit Account, 2.90% (e)(f) | 22045038 |
|  | TOTAL SHORT-TERM INVESTMENTS (Cost $22,045,038) | 22045038 |
| **Units** |  |  |
| **INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 2.1%** | **INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 2.1%** |  |
|  | **Private Funds 2.1%** |  |
| 7602055 | Mount Vernon Liquid Assets Portfolio, LLC, 4.07% (g)(h) | 7602055 |
|  | TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING (Cost 7,602,055) | 7602055 |
|  | TOTAL INVESTMENTS - 107.3% (Cost $416,645,418) | 391182371 |
|  | Liabilities in Excess of Other Assets - (7.3)% | (26774655) |
|  | NET ASSETS - 100.0% | $364407716 |
|  | Percentages are stated as a percent of net assets. |  |
| (a) <br>| Variable or Floating Rate Security based on a reference index and spread. Certain securities are fixed to variable and currently in the fixed phase. Rate disclosed is the rate in effect as of November 30, 2022. |  |
| (b) <br>| All or portion of this security is out on loan as of November 30, 2022. Total value of securities out on loan is $7,491,486 or 2.1% of net assets. |  |
| (c) <br>| Security exempt from registration under Rule 144(a) of the Securities Act of 1933. Such securities are treated as liquid securities, according to the Fund's liquidity guidelines. At November 30, 2022, the value of these securities amounted to $1,889,378 or 0.5% of net assets. |  |
| (d) <br>| Security purchased on a forward-commitment basis ("TBA commitment"). On November 30, 2022, the total value of TBA commitments was $25,998,089 or 7.1% of net assets. |  |
| (e) <br>| The Money Market Deposit Account (the "MMDA") is a short-term investment vehicle in which the Fund holds cash balances. The MMDA will bear interest at a rate that is determined based on conditions and may change daily and by any amount. The rate shown is as of November 30, 2022. |  |
| (f) <br>| All or a portion of this security has been pledged as collateral in connection with TBA commitments. At August 31, 2022, the value of securities pledged amounted to $22,045,038. In addition, the Fund held cash collateral in the amount of $1,710,000. |  |
| (g) <br>| Rate shown is the annualized seven-day yield as of November 30, 2022. |  |
| (h) <br>| Privately offered liquidity fund. |  |
|  | The Global Industry Classification Standard (GICS<sup>®</sup>) was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") and Standard & Poor's Financial Services LLC ("S&P"). GICS<sup>®</sup> is a service mark of MSCI and S&P and has been licensed for use by the Fund's Administrator, U.S. Bancorp Global Fund Services. |  |

---

------

**Summary of Fair Value Disclosure at November 30, 2022 (Unaudited)**<br>The Fund utilizes various methods to measure the fair value of its investments on a recurring basis. Accounting principles generally accepted in the United States of America ("U.S. GAAP") establishes a hierarchy that prioritizes inputs to valuation methods. The three levels of inputs are:<br>Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access.<br> 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.<br> 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 would be based on the best information available.<br>The availability of observable inputs can vary from security to security and is affected by a wide variety of factors, including, for example, the type of security, whether the security is new and not yet established in the marketplace, the liquidity of markets, and other characteristics particular to the security.<br>To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3.<br>The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the level in the fair value hierarchy within which the fair value measurement falls in its entirety, is determined based on the lowest level input that is significant to the fair value measurement in its entirety.<br>The following is a summary of the inputs used to value the Fund's investments as of November 30, 2022:<br>

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Assets^</u> | <u>Level 1</u> | <u>Level 2</u> | <u>Level 3</u> | <u>Total</u> |
| Corporate Bonds | - | 91366732 | - | 91366732 |
| Mortgage Backed Securities - U.S. Government Agency | - | 40806619 | - | 40806619 |
| U.S. Government Agency Issues | - | 6231336 | - | 6231336 |
| U.S. Government Notes/Bonds | - | 223130591 | - | 223130591 |
| Short-Term Investments | 22045038 | - | - | 22045038 |
| Investments Purchased with Proceeds from Securities Lending | - | 7602055 | - | 7602055 |
| Total Investments in Securities | $22045038 | $369137333 | $- | $391182371 |
| ^See Schedule of Investments for breakout of investments by sector classification. | ^See Schedule of Investments for breakout of investments by sector classification. |  |  |  |
| For the period ended November 30, 2022, the Fund did not recognize any transfers to or from Level 3. | For the period ended November 30, 2022, the Fund did not recognize any transfers to or from Level 3. | For the period ended November 30, 2022, the Fund did not recognize any transfers to or from Level 3. | For the period ended November 30, 2022, the Fund did not recognize any transfers to or from Level 3. | For the period ended November 30, 2022, the Fund did not recognize any transfers to or from Level 3. |

---

## 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:** Vident Core U.S. Bond Strategy ETF

- **b. EDGAR series identifier (if any):** S000046801

- **c. LEI of Series:** 549300MY3MRI7YFRFJ97

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

- **a. Date of fiscal year-end:** 2023-08-31

- **b. Date as of which information is reported:** 2022-11-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $397095786.42

**Total Liabilities:** $32700892.82

**Net Assets:** $364394893.60

**Delayed Delivery Securities:** $24977816.61

**Cash Not Reported:** $1712500.00

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 0.000000000000 | **1-Year:** 23518.580000000000 | **5-Year:** 21579.810000000000 | **10-Year:** 86410.730000000000 | **30-Year:** 95798.180000000000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 165.020000000000 | **1-Year:** 940.420000000000 | **5-Year:** 1081.280000000000 | **10-Year:** 1302.300000000000 | **30-Year:** 6607.200000000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000146217 | -4.40%               | -1.59%               | 3.36%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-845026.36              | $-16692399.37                              |
| Month 2  | $-1181255.05             | $-5501096.01                               |
| Month 3  | $-6765074.16             | $17616669.56                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ALLY FINANCIAL INC                        | Ally Financial Inc                                                  | CUSIP: 36186CBY8<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |    990000 | PA      | $1060423.58   | 0.29%             | 2031-11-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| HCA INC                                   | HCA Inc                                                             | CUSIP: 404119BV0<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    960000 | PA      | $868604.28    | 0.24%             | 2047-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| HALLIBURTON CO                            | Halliburton Co                                                      | CUSIP: 406216AY7<br>LEI: ENYF8GB5SMQZ25S06U51 | Long             | DBT              | CORP              | US        |    860000 | PA      | $980013.38    | 0.27%             | 2039-09-15      | Fixed         | 7.45%                 | No            |                  2 | On Loan: No      |
| HASBRO INC                                | Hasbro Inc                                                          | CUSIP: 418056AS6<br>LEI: 549300NUB6D2R1ITYR45 | Long             | DBT              | CORP              | US        |    960000 | PA      | $936875.62    | 0.26%             | 2040-03-15      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| HESS CORP                                 | Hess Corp                                                           | CUSIP: 42809HAC1<br>LEI: UASVRYNXNK17ULIGK870 | Long             | DBT              | CORP              | US        |   1050000 | PA      | $1049780.83   | 0.29%             | 2040-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| HP INC                                    | HP Inc                                                              | CUSIP: 428236BR3<br>LEI: WHKXQACZ14C5XRO8LW03 | Long             | DBT              | CORP              | US        |    995000 | PA      | $972028.91    | 0.27%             | 2041-09-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: —       |
| HUGHES SATELLITE SYSTEMS                  | Hughes Satellite Systems Corp                                       | CUSIP: 444454AD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1120000 | PA      | $1070650.00   | 0.29%             | 2026-08-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| HUNTINGTON BANCSHARES                     | Huntington Bancshares Inc/OH                                        | CUSIP: 446150AX2<br>LEI: 549300XTVCVV9I7B5T19 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1085218.14   | 0.30%             | 2036-08-15      | Variable      | 2.49%                 | No            |                  2 | On Loan: No      |
| JABIL INC                                 | Jabil Inc                                                           | CUSIP: 466313AH6<br>LEI: 5493000CGCQY2OQU7669 | Long             | DBT              | CORP              | US        |    220000 | PA      | $205098.64    | 0.06%             | 2028-01-12      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| KIRBY CORPORATION                         | Kirby Corp                                                          | CUSIP: 497266AC0<br>LEI: I7NO6FZO5GUCG585T325 | Long             | DBT              | CORP              | US        |   1170000 | PA      | $1062052.42   | 0.29%             | 2028-03-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| KOHL'S CORPORATION                        | Kohl's Corp                                                         | CUSIP: 500255AX2<br>LEI: 549300JF6LPRTRJ0FH50 | Long             | DBT              | CORP              | US        |   1580000 | PA      | $1121578.80   | 0.31%             | 2031-05-01      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| KRAFT HEINZ FOODS CO                      | Kraft Heinz Foods Co                                                | CUSIP: 50076QAN6<br>LEI: 5493003STKEZ2S0RNU91 | Long             | DBT              | CORP              | US        |    890000 | PA      | $963662.82    | 0.26%             | 2040-02-09      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| KRAFT HEINZ FOODS CO                      | Kraft Heinz Foods Co                                                | CUSIP: 50076QAR7<br>LEI: 5493003STKEZ2S0RNU91 | Long             | DBT              | CORP              | US        |    105000 | PA      | $115957.64    | 0.03%             | 2039-01-26      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| KYNDRYL HOLDINGS INC                      | Kyndryl Holdings Inc                                                | CUSIP: 50155QAL4<br>LEI: 549300LQ4LWX2R8ZV130 | Long             | DBT              | CORP              | US        |    200000 | PA      | $132179.74    | 0.04%             | 2031-10-15      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| KYNDRYL HOLDINGS INC                      | Kyndryl Holdings Inc                                                | CUSIP: 50155QAM2<br>LEI: 549300LQ4LWX2R8ZV130 | Long             | DBT              | CORP              | US        |   1780000 | PA      | $1058205.09   | 0.29%             | 2041-10-15      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| LEAR CORP                                 | Lear Corp                                                           | CUSIP: 521865AZ8<br>LEI: 549300UPNBTXA1SYTQ33 | Long             | DBT              | CORP              | US        |   1360000 | PA      | $1133656.83   | 0.31%             | 2049-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| LEGG MASON INC                            | Legg Mason Inc                                                      | CUSIP: 524901AR6<br>LEI: OWUNCC6U1ZJXMZKFBJ36 | Long             | DBT              | CORP              | US        |    930000 | PA      | $920497.53    | 0.25%             | 2044-01-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| LINCOLN NATIONAL CORP                     | Lincoln National Corp                                               | CUSIP: 534187BA6<br>LEI: EFQMQROEDSNBRIP7LE47 | Long             | DBT              | CORP              | US        |    820000 | PA      | $845347.18    | 0.23%             | 2040-06-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| MDC HOLDINGS INC                          | MDC Holdings Inc                                                    | CUSIP: 552676AQ1<br>LEI: 5299005FV4VNV75R8R35 | Long             | DBT              | CORP              | US        |   1410000 | PA      | $1141250.79   | 0.31%             | 2043-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| MGIC INVESTMENT CORP                      | MGIC Investment Corp                                                | CUSIP: 552848AG8<br>LEI: 254900S8483WM4M98R28 | Long             | DBT              | CORP              | US        |   1170000 | PA      | $1066002.67   | 0.29%             | 2028-08-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MPT OPER PARTNERSP/FINL                   | MPT Operating Partnership LP / MPT Finance Corp                     | CUSIP: 55342UAJ3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1415000 | PA      | $1114970.48   | 0.31%             | 2029-08-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: —       |
| MAGELLAN MIDSTREAM PARTN                  | Magellan Midstream Partners LP                                      | CUSIP: 559080AG1<br>LEI: MZF5TI8NFVZZNUSKDL39 | Long             | DBT              | CORP              | US        |   1080000 | PA      | $957620.16    | 0.26%             | 2043-10-15      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| MARATHON OIL CORP                         | Marathon Oil Corp                                                   | CUSIP: 565849AE6<br>LEI: 1FRVQX2CRLGC1XLP5727 | Long             | DBT              | CORP              | US        |    945000 | PA      | $968981.82    | 0.27%             | 2037-10-01      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| MARATHON PETROLEUM CORP                   | Marathon Petroleum Corp                                             | CUSIP: 56585AAF9<br>LEI: 3BNYRYQHD39K4LCKQF12 | Long             | DBT              | CORP              | US        |    945000 | PA      | $985704.67    | 0.27%             | 2041-03-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| MARKEL CORP                               | Markel Corp                                                         | CUSIP: 570535AQ7<br>LEI: 549300SCNO12JLWIK605 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $880128.30    | 0.24%             | 2046-04-05      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MARTIN MARIETTA MATERIAL                  | Martin Marietta Materials Inc                                       | CUSIP: 573284AU0<br>LEI: 5299005MZ4WZECVATV08 | Long             | DBT              | CORP              | US        |    205000 | PA      | $167457.76    | 0.05%             | 2047-12-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| METLIFE INC                               | MetLife Inc                                                         | CUSIP: 59156RAV0<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | DBT              | CORP              | US        |    810000 | PA      | $1071281.70   | 0.29%             | 2039-08-01      | Fixed         | 10.75%                | No            |                  2 | On Loan: No      |
| MICRON TECHNOLOGY INC                     | Micron Technology Inc                                               | CUSIP: 595112BN2<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | DBT              | CORP              | US        |   1070000 | PA      | $1037701.93   | 0.28%             | 2029-02-06      | Fixed         | 5.33%                 | No            |                  2 | On Loan: No      |
| MOHAWK INDUSTRIES INC                     | Mohawk Industries Inc                                               | CUSIP: 608190AL8<br>LEI: 549300JI1115MG3Q6322 | Long             | DBT              | CORP              | US        |   1280000 | PA      | $1096200.35   | 0.30%             | 2030-05-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: —       |
| MOSAIC CO                                 | Mosaic Co/The                                                       | CUSIP: 61945CAE3<br>LEI: 2YD5STGSJNMUB7H76907 | Long             | DBT              | CORP              | US        |    950000 | PA      | $881693.74    | 0.24%             | 2043-11-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| NATIONAL FUEL GAS CO                      | National Fuel Gas Co                                                | CUSIP: 636180BQ3<br>LEI: 8JB38FFW1Y3C1HM8E841 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1101755.29   | 0.30%             | 2026-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL                    | NextEra Energy Capital Holdings Inc                                 | CUSIP: 65339KAV2<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |   1180000 | PA      | $945113.77    | 0.26%             | 2077-12-01      | Variable      | 4.80%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL                    | NextEra Energy Capital Holdings Inc                                 | CUSIP: 65339KCB4<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |    160000 | PA      | $125340.77    | 0.03%             | 2082-03-15      | Variable      | 3.80%                 | No            |                  2 | On Loan: No      |
| OMEGA HLTHCARE INVESTORS                  | Omega Healthcare Investors Inc                                      | CUSIP: 681936BH2<br>LEI: 549300OJ7ENK42CZ8E73 | Long             | DBT              | CORP              | US        |   1095000 | PA      | $1068644.06   | 0.29%             | 2026-01-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ONEOK PARTNERS LP                         | ONEOK Partners LP                                                   | CUSIP: 68268NAC7<br>LEI: T4DHW82NMF6BXJT50795 | Long             | DBT              | CORP              | US        |    800000 | PA      | $797282.28    | 0.22%             | 2036-10-01      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| ONEOK PARTNERS LP                         | ONEOK Partners LP                                                   | CUSIP: 68268NAD5<br>LEI: T4DHW82NMF6BXJT50795 | Long             | DBT              | CORP              | US        |    270000 | PA      | $276624.07    | 0.08%             | 2037-10-15      | Fixed         | 6.85%                 | No            |                  2 | On Loan: No      |
| ONEOK PARTNERS LP                         | ONEOK Partners LP                                                   | CUSIP: 68268NAG8<br>LEI: T4DHW82NMF6BXJT50795 | Long             | DBT              | CORP              | US        |    105000 | PA      | $99057.28     | 0.03%             | 2041-02-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| OWENS CORNING                             | Owens Corning                                                       | CUSIP: 690742AG6<br>LEI: JO5M6676RDJIZ2U8X907 | Long             | DBT              | CORP              | US        |   1130000 | PA      | $874381.10    | 0.24%             | 2047-07-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| PATTERSON-UTI ENERGY INC                  | Patterson-UTI Energy Inc                                            | CUSIP: 703481AB7<br>LEI: 254900XGFBKIXD6G0697 | Long             | DBT              | CORP              | US        |   1220000 | PA      | $1082346.11   | 0.30%             | 2028-02-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: —       |
| PHILIP MORRIS INTL INC                    | Philip Morris International Inc                                     | CUSIP: 718172BD0<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |   1380000 | PA      | $1182103.29   | 0.32%             | 2043-11-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| PHILLIPS 66                               | Phillips 66 Co                                                      | CUSIP: 718547AN2<br>LEI: RVJMT2IZVVSKIRJJBH76 | Long             | DBT              | CORP              | US        |    930000 | PA      | $840632.69    | 0.23%             | 2046-10-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| PLAINS ALL AMER PIPELINE                  | Plains All American Pipeline LP / PAA Finance Corp                  | CUSIP: 72650RBE1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    160000 | PA      | $123896.25    | 0.03%             | 2044-06-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| PLAINS ALL AMER PIPELINE                  | Plains All American Pipeline LP / PAA Finance Corp                  | CUSIP: 72650RBH4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1305000 | PA      | $1026289.66   | 0.28%             | 2045-02-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| PRUDENTIAL FINANCIAL INC                  | Prudential Financial Inc                                            | CUSIP: 744320AV4<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1033516.00   | 0.28%             | 2045-05-15      | Variable      | 5.38%                 | No            |                  2 | On Loan: No      |
| QORVO INC                                 | Qorvo Inc                                                           | CUSIP: 74736KAH4<br>LEI: 254900YAUJV2EUEVBR11 | Long             | DBT              | CORP              | US        |    925000 | PA      | $822093.75    | 0.23%             | 2029-10-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| RADIAN GROUP INC                          | Radian Group Inc                                                    | CUSIP: 750236AX9<br>LEI: 54930005OUP720S5U385 | Long             | DBT              | CORP              | US        |   1085000 | PA      | $1075690.70   | 0.30%             | 2025-03-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| REGIONS BANK                              | Regions Bank/Birmingham AL                                          | CUSIP: 75913MAA7<br>LEI: EQTWLK1G7ODGC2MGLV11 | Long             | DBT              | CORP              | US        |    888000 | PA      | $922143.98    | 0.25%             | 2037-06-26      | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| SABRA HEALTH CARE LP                      | Sabra Health Care LP                                                | CUSIP: 78574MAA1<br>LEI: 549300OVKLRFSIQG0H81 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1054678.11   | 0.29%             | 2031-12-01      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| SEMPRA ENERGY                             | Sempra Energy                                                       | CUSIP: 816851BM0<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1084099.13   | 0.30%             | 2052-04-01      | Variable      | 4.12%                 | No            |                  2 | On Loan: No      |
| SIMON PROPERTY GROUP LP                   | Simon Property Group LP                                             | CUSIP: 828807CE5<br>LEI: MR92GTD0MJTTTTQDVG45 | Long             | DBT              | CORP              | US        |    850000 | PA      | $911825.23    | 0.25%             | 2040-02-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CO                               | Southern Co/The                                                     | CUSIP: 842587DJ3<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |   1380000 | PA      | $1110417.00   | 0.30%             | 2051-09-15      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| SYNCHRONY FINANCIAL                       | Synchrony Financial                                                 | CUSIP: 87165BAL7<br>LEI: 549300RS7EWPM9MA6C78 | Long             | DBT              | CORP              | US        |   1170000 | PA      | $1065372.89   | 0.29%             | 2026-08-04      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| TARGA RESOURCES PARTNERS                  | Targa Resources Partners LP / Targa Resources Partners Finance Corp | CUSIP: 87612BBN1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1129623.63   | 0.31%             | 2029-01-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| TENN VALLEY AUTHORITY                     | Tennessee Valley Authority                                          | CUSIP: 880591CJ9<br>LEI: 549300HE1ISW43LNKM54 | Long             | DBT              | USGA              | US        |    450000 | PA      | $479830.75    | 0.13%             | 2025-11-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| TENN VALLEY AUTHORITY                     | Tennessee Valley Authority                                          | CUSIP: 880591CP5<br>LEI: 549300HE1ISW43LNKM54 | Long             | DBT              | USGA              | US        |    920000 | PA      | $1054087.30   | 0.29%             | 2038-01-15      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| TENN VALLEY AUTHORITY                     | Tennessee Valley Authority                                          | CUSIP: 880591CS9<br>LEI: 549300HE1ISW43LNKM54 | Long             | DBT              | USGA              | US        |    730000 | PA      | $811700.96    | 0.22%             | 2036-04-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| TENN VALLEY AUTHORITY                     | Tennessee Valley Authority                                          | CUSIP: 880591DZ2<br>LEI: 549300HE1ISW43LNKM54 | Long             | DBT              | USGA              | US        |    390000 | PA      | $423362.91    | 0.12%             | 2056-04-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| TENN VALLEY AUTHORITY                     | Tennessee Valley Authority                                          | CUSIP: 880591EH1<br>LEI: 549300HE1ISW43LNKM54 | Long             | DBT              | USGA              | US        |   1050000 | PA      | $1096118.86   | 0.30%             | 2039-09-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| TENN VALLEY AUTHORITY                     | Tennessee Valley Authority                                          | CUSIP: 880591EJ7<br>LEI: 549300HE1ISW43LNKM54 | Long             | DBT              | USGA              | US        |    210000 | PA      | $198140.08    | 0.05%             | 2060-09-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| TENN VALLEY AUTHORITY                     | Tennessee Valley Authority                                          | CUSIP: 880591EP3<br>LEI: 549300HE1ISW43LNKM54 | Long             | DBT              | USGA              | US        |    690000 | PA      | $570368.10    | 0.16%             | 2042-12-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| TENN VALLEY AUTHORITY                     | Tennessee Valley Authority                                          | CUSIP: 880591ER9<br>LEI: 549300HE1ISW43LNKM54 | Long             | DBT              | USGA              | US        |    145000 | PA      | $140777.12    | 0.04%             | 2024-09-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| TENN VALLEY AUTHORITY                     | Tennessee Valley Authority                                          | CUSIP: 880591ES7<br>LEI: 549300HE1ISW43LNKM54 | Long             | DBT              | USGA              | US        |    110000 | PA      | $97701.89     | 0.03%             | 2065-09-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| TENN VALLEY AUTHORITY                     | Tennessee Valley Authority                                          | CUSIP: 880591EU2<br>LEI: 549300HE1ISW43LNKM54 | Long             | DBT              | USGA              | US        |    455000 | PA      | $432981.45    | 0.12%             | 2027-02-01      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| TENN VALLEY AUTHORITY                     | Tennessee Valley Authority                                          | CUSIP: 880591EW8<br>LEI: 549300HE1ISW43LNKM54 | Long             | DBT              | USGA              | US        |    425000 | PA      | $387385.51    | 0.11%             | 2025-05-15      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| U.S. Bank Money Market Deposit Account    | U.S. Bank Money Market Deposit Account                              | CUSIP: 8AMMF0A84<br>LEI: N/A                  | Long             | STIV             | RF                | US        |  22045038 | NS      | $22045037.58  | 6.05%             |  |  |  | No            |                  1 | On Loan: No      |
| US TREASURY N/B                           | United States Treasury Note/Bond                                    | CUSIP: 912810EW4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  13715000 | PA      | $14488076.01  | 3.98%             | 2026-02-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                           | United States Treasury Note/Bond                                    | CUSIP: 912810QX9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  11745000 | PA      | $9629982.48   | 2.64%             | 2042-08-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                           | United States Treasury Note/Bond                                    | CUSIP: 912810QY7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   9770000 | PA      | $7986975.00   | 2.19%             | 2042-11-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                           | United States Treasury Note/Bond                                    | CUSIP: 912810QZ4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  13900000 | PA      | $12080511.68  | 3.32%             | 2043-02-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                           | United States Treasury Note/Bond                                    | CUSIP: 912810RB6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  16295000 | PA      | $13563041.41  | 3.72%             | 2043-05-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                           | United States Treasury Note/Bond                                    | CUSIP: 912810RC4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    475000 | PA      | $445813.48    | 0.12%             | 2043-08-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                           | United States Treasury Note/Bond                                    | CUSIP: 912810RD2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2130000 | PA      | $2034857.22   | 0.56%             | 2043-11-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                           | United States Treasury Note/Bond                                    | CUSIP: 912810RE0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3120000 | PA      | $2921465.63   | 0.80%             | 2044-02-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                           | United States Treasury Note/Bond                                    | CUSIP: 912810RG5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6500000 | PA      | $5838320.28   | 1.60%             | 2044-05-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                           | United States Treasury Note/Bond                                    | CUSIP: 912810RH3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   7990000 | PA      | $6874833.22   | 1.89%             | 2044-08-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                           | United States Treasury Note/Bond                                    | CUSIP: 912810RJ9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   8830000 | PA      | $7429617.19   | 2.04%             | 2044-11-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                           | United States Treasury Note/Bond                                    | CUSIP: 912810RK6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4560000 | PA      | $3500067.17   | 0.96%             | 2045-02-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                           | United States Treasury Note/Bond                                    | CUSIP: 912810RM2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4100000 | PA      | $3438714.85   | 0.94%             | 2045-05-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                           | United States Treasury Note/Bond                                    | CUSIP: 912810ST6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    750000 | PA      | $494926.76    | 0.14%             | 2040-11-15      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                           | United States Treasury Note/Bond                                    | CUSIP: 912810TA6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4130000 | PA      | $2866639.44   | 0.79%             | 2041-08-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                           | United States Treasury Note/Bond                                    | CUSIP: 912810TC2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2690000 | PA      | $1949619.52   | 0.54%             | 2041-11-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                           | United States Treasury Note/Bond                                    | CUSIP: 9128282U3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  17615000 | PA      | $16832646.33  | 4.62%             | 2024-08-31      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                           | United States Treasury Note/Bond                                    | CUSIP: 9128283D0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    870000 | PA      | $835845.71    | 0.23%             | 2024-10-31      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                           | United States Treasury Note/Bond                                    | CUSIP: 9128283J7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1480000 | PA      | $1416868.75   | 0.39%             | 2024-11-30      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                           | United States Treasury Note/Bond                                    | CUSIP: 9128283V0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  11530000 | PA      | $11095823.44  | 3.04%             | 2025-01-31      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                           | United States Treasury Note/Bond                                    | CUSIP: 9128284M9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   7135000 | PA      | $6908686.72   | 1.90%             | 2025-04-30      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                           | United States Treasury Note/Bond                                    | CUSIP: 9128284R8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6285000 | PA      | $6083683.59   | 1.67%             | 2025-05-31      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                           | United States Treasury Note/Bond                                    | CUSIP: 912828J27<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5725000 | PA      | $5447471.69   | 1.49%             | 2025-02-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                           | United States Treasury Note/Bond                                    | CUSIP: 912828XB1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    855000 | PA      | $813018.17    | 0.22%             | 2025-05-15      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                           | United States Treasury Note/Bond                                    | CUSIP: 912828YE4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  11325000 | PA      | $10708760.77  | 2.94%             | 2024-08-31      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                           | United States Treasury Note/Bond                                    | CUSIP: 912828YH7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2500000 | PA      | $2370703.13   | 0.65%             | 2024-09-30      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                           | United States Treasury Note/Bond                                    | CUSIP: 912828YV6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4140000 | PA      | $3912623.42   | 1.07%             | 2024-11-30      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                           | United States Treasury Note/Bond                                    | CUSIP: 912828YY0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1490000 | PA      | $1414044.93   | 0.39%             | 2024-12-31      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                           | United States Treasury Note/Bond                                    | CUSIP: 912828Z52<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3885000 | PA      | $3651444.72   | 1.00%             | 2025-01-31      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                           | United States Treasury Note/Bond                                    | CUSIP: 912828ZF0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2135000 | PA      | $1960280.27   | 0.54%             | 2025-03-31      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                           | United States Treasury Note/Bond                                    | CUSIP: 912828ZL7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3520000 | PA      | $3211862.51   | 0.88%             | 2025-04-30      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                           | United States Treasury Note/Bond                                    | CUSIP: 91282CCT6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10865000 | PA      | $10132461.27  | 2.78%             | 2024-08-15      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                           | United States Treasury Note/Bond                                    | CUSIP: 91282CCX7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  14135000 | PA      | $13151071.41  | 3.61%             | 2024-09-15      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                           | United States Treasury Note/Bond                                    | CUSIP: 91282CDB4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6965000 | PA      | $6494318.39   | 1.78%             | 2024-10-15      | Fixed         | 0.62%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                           | United States Treasury Note/Bond                                    | CUSIP: 91282CDS7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4205000 | PA      | $3931839.25   | 1.08%             | 2025-01-15      | Fixed         | 1.12%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                           | United States Treasury Note/Bond                                    | CUSIP: 91282CDZ1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  13335000 | PA      | $12543755.24  | 3.44%             | 2025-02-15      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                           | United States Treasury Note/Bond                                    | CUSIP: 91282CED9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5600000 | PA      | $5294187.47   | 1.45%             | 2025-03-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                           | United States Treasury Note/Bond                                    | CUSIP: 91282CEH0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    780000 | PA      | $751024.22    | 0.21%             | 2025-04-15      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| UNUM GROUP                                | Unum Group                                                          | CUSIP: 91529YAJ5<br>LEI: 549300E32YFDO6TZ8R31 | Long             | DBT              | CORP              | US        |   1260000 | PA      | $1124345.36   | 0.31%             | 2042-08-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| VALERO ENERGY CORP                        | Valero Energy Corp                                                  | CUSIP: 91913YAL4<br>LEI: 549300XTO5VR8SKV1V74 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1066766.54   | 0.29%             | 2037-06-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| PARAMOUNT GLOBAL                          | Paramount Global                                                    | CUSIP: 92553PBC5<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |   1190000 | PA      | $996625.00    | 0.27%             | 2057-02-28      | Variable      | 6.25%                 | No            |                  2 | On Loan: No      |
| VONTIER CORP                              | Vontier Corp                                                        | CUSIP: 928881AF8<br>LEI: 549300VVSQLG4P5K4639 | Long             | DBT              | CORP              | US        |   1510000 | PA      | $1091881.00   | 0.30%             | 2031-04-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| VULCAN MATERIALS CO                       | Vulcan Materials Co                                                 | CUSIP: 929160AV1<br>LEI: 549300Q8LSNHAVWBNI21 | Long             | DBT              | CORP              | US        |   1040000 | PA      | $876499.23    | 0.24%             | 2047-06-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| WESTERN ALLIANCE BANCORP                  | Western Alliance Bancorp                                            | CUSIP: 957638AD1<br>LEI: 5493003VJXZ5JXT9S762 | Long             | DBT              | CORP              | US        |   1180000 | PA      | $1006930.32   | 0.28%             | 2031-06-15      | Variable      | 3.00%                 | No            |                  2 | On Loan: No      |
| WESTERN DIGITAL CORP                      | Western Digital Corp                                                | CUSIP: 958102AR6<br>LEI: 549300QQXOOYEF89IC56 | Long             | DBT              | CORP              | US        |   1520000 | PA      | $1126137.60   | 0.31%             | 2032-02-01      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| WESTERN MIDSTREAM OPERAT                  | Western Midstream Operating LP                                      | CUSIP: 958667AA5<br>LEI: L6D8A6MLSY454J2JXJ60 | Long             | DBT              | CORP              | US        |   1365000 | PA      | $1115329.73   | 0.31%             | 2050-02-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Mount Vernon Liquid Assets Portfolio, LLC | Mount Vernon Liquid Assets Portfolio, LLC                           | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | PF                | US        |   7602055 | NS      | $7602055.00   | 2.09%             |  |  |  | No            |                  2 | On Loan: No      |
| AIR LEASE CORP                            | Air Lease Corp                                                      | CUSIP: 00912XBF0<br>LEI: 5493004NW4M4P8TMMK63 | Long             | DBT              | CORP              | US        |   1280000 | PA      | $1194428.20   | 0.33%             | 2028-10-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| OVINTIV INC                               | Ovintiv Inc                                                         | CUSIP: 012873AK1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    920000 | PA      | $995420.49    | 0.27%             | 2031-11-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Fannie Mae or Freddie Mac                 | Fannie Mae or Freddie Mac                                           | CUSIP: 01F0326C3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   4300000 | PA      | $3929041.02   | 1.08%             | 2040-12-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae or Freddie Mac                 | Fannie Mae or Freddie Mac                                           | CUSIP: 01F0406C6<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2000000 | PA      | $1886796.88   | 0.52%             | 2041-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae or Freddie Mac                 | Fannie Mae or Freddie Mac                                           | CUSIP: 01F0426C2<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1000000 | PA      | $970781.25    | 0.27%             | 2040-12-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae or Freddie Mac                 | Fannie Mae or Freddie Mac                                           | CUSIP: 01F0506C5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   1000000 | PA      | $992968.75    | 0.27%             | 2040-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae or Freddie Mac                 | Fannie Mae or Freddie Mac                                           | CUSIP: 01F0526C1<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   2600000 | PA      | $2625796.86   | 0.72%             | 2040-12-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ALLSTATE CORP                             | Allstate Corp/The                                                   | CUSIP: 020002AU5<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1058297.06   | 0.29%             | 2057-05-15      | Variable      | 6.50%                 | No            |                  2 | On Loan: No      |
| AMERICAN ELECTRIC POWER                   | American Electric Power Co Inc                                      | CUSIP: 025537AU5<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | DBT              | CORP              | US        |   1320000 | PA      | $1021261.32   | 0.28%             | 2062-02-15      | Variable      | 3.88%                 | No            |                  2 | On Loan: No      |
| AMERICAN EQUITY INVESTME                  | American Equity Investment Life Holding Co                          | CUSIP: 025676AM9<br>LEI: 549300RK5RZQ740FPL83 | Long             | DBT              | CORP              | US        |   1115000 | PA      | $1064312.99   | 0.29%             | 2027-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BNSF FUNDING TRUST I                      | BNSF Funding Trust I                                                | CUSIP: 05567SAA0<br>LEI: N/A                  | Long             | EP               | CORP              | US        |   1090000 | PA      | $1015215.83   | 0.28%             | 2055-12-15      | Variable      | 6.61%                 | No            |                  2 | On Loan: No      |
| BLACKSTONE SECURED LEND                   | Blackstone Secured Lending Fund                                     | CUSIP: 09261XAG7<br>LEI: 549300KM7KWQHVBNH962 | Long             | DBT              | CORP              | US        |   1430000 | PA      | $1134273.23   | 0.31%             | 2028-09-30      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| BRIGHTHOUSE FINANCIAL IN                  | Brighthouse Financial Inc                                           | CUSIP: 10922NAF0<br>LEI: 5493003T8SZSHOGGAW52 | Long             | DBT              | CORP              | US        |   1515000 | PA      | $1122362.95   | 0.31%             | 2047-06-22      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| BRIXMOR OPERATING PART                    | Brixmor Operating Partnership LP                                    | CUSIP: 11120VAJ2<br>LEI: 549300CJHBL7JBUA6503 | Long             | DBT              | CORP              | US        |   1255000 | PA      | $1094266.26   | 0.30%             | 2030-07-01      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                              | Broadcom Inc                                                        | CUSIP: 11135FBD2<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   1105000 | PA      | $1056709.21   | 0.29%             | 2030-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BRUNSWICK CORP                            | Brunswick Corp/DE                                                   | CUSIP: 117043AT6<br>LEI: YM4O38W15AX4YLLQKU27 | Long             | DBT              | CORP              | US        |   1525000 | PA      | $1107581.79   | 0.30%             | 2031-08-18      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| CMS ENERGY CORP                           | CMS Energy Corp                                                     | CUSIP: 125896BU3<br>LEI: 549300IA9XFBAGNIBW29 | Long             | DBT              | CORP              | US        |   1240000 | PA      | $1035973.85   | 0.28%             | 2050-06-01      | Variable      | 4.75%                 | No            |                  2 | On Loan: No      |
| CARDINAL HEALTH INC                       | Cardinal Health Inc                                                 | CUSIP: 14149YBM9<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | DBT              | CORP              | US        |   1150000 | PA      | $904703.25    | 0.25%             | 2047-06-15      | Fixed         | 4.37%                 | No            |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC                  | Celanese US Holdings LLC                                            | CUSIP: 15089QAN4<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |   1125000 | PA      | $1079321.38   | 0.30%             | 2029-07-15      | Fixed         | 6.33%                 | No            |                  2 | On Loan: No      |
| CENTENE CORP                              | Centene Corp                                                        | CUSIP: 15135BAT8<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |   1140000 | PA      | $1061488.20   | 0.29%             | 2029-12-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| CONTINENTAL RESOURCES                     | Continental Resources Inc/OK                                        | CUSIP: 212015AQ4<br>LEI: XXRTID9RYWOZ0UPIVR53 | Long             | DBT              | CORP              | US        |   1470000 | PA      | $1109034.15   | 0.30%             | 2044-06-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| COREBRIDGE FINANCIAL INC                  | Corebridge Financial Inc                                            | CUSIP: 21871XAN9<br>LEI: 549300XY1661QCIA7J65 | Long             | DBT              | CORP              | US        |   1145000 | PA      | $1048745.46   | 0.29%             | 2052-12-15      | Variable      | 6.88%                 | No            |                  2 | On Loan: —       |
| CORNING INC                               | Corning Inc                                                         | CUSIP: 219350BQ7<br>LEI: 549300X2937PB0CJ7I56 | Long             | DBT              | CORP              | US        |    685000 | PA      | $606566.73    | 0.17%             | 2079-11-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A            | Ginnie Mae                                                          | CUSIP: 21H0326C9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGSE             | US        |   3940000 | PA      | $3648578.53   | 1.00%             | 2042-12-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A            | Ginnie Mae                                                          | CUSIP: 21H0406C2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | DBT              | USGA              | US        |   1550000 | PA      | $1475830.08   | 0.41%             | 2041-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A            | Ginnie Mae                                                          | CUSIP: 21H0426C8<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGSE             | US        |   1500000 | PA      | $1465371.09   | 0.40%             | 2041-12-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A            | Ginnie Mae                                                          | CUSIP: 21H0506C1<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   2180000 | PA      | $2173187.50   | 0.60%             | 2048-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A            | Ginnie Mae                                                          | CUSIP: 21H0526C7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |   4760000 | PA      | $4807971.85   | 1.32%             | 2052-12-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| DEVON ENERGY CORPORATION                  | Devon Energy Corp                                                   | CUSIP: 25179SAD2<br>LEI: 54930042348RKR3ZPN35 | Long             | DBT              | CORP              | US        |    975000 | PA      | $1110209.67   | 0.30%             | 2031-09-30      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| DICK'S SPORTING GOODS                     | Dick's Sporting Goods Inc                                           | CUSIP: 253393AG7<br>LEI: 529900SSBV5I4LWSK313 | Long             | DBT              | CORP              | US        |   1730000 | PA      | $1150543.40   | 0.32%             | 2052-01-15      | Fixed         | 4.10%                 | No            |                  2 | On Loan: —       |
| DOMINION ENERGY INC                       | Dominion Energy Inc                                                 | CUSIP: 25746UBY4<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |   1150000 | PA      | $1070967.09   | 0.29%             | 2054-10-01      | Variable      | 5.75%                 | No            |                  2 | On Loan: No      |
| DOW CHEMICAL CO/THE                       | Dow Chemical Co/The                                                 | CUSIP: 260543BY8<br>LEI: ZQUIP1CSZO8LXRBSOU78 | Long             | DBT              | CORP              | US        |    650000 | PA      | $856181.14    | 0.23%             | 2039-05-15      | Fixed         | 9.40%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY CORP                          | Duke Energy Corp                                                    | CUSIP: 26441CBP9<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |   1505000 | PA      | $1074891.30   | 0.29%             | 2082-01-15      | Variable      | 3.25%                 | No            |                  2 | On Loan: No      |
| EQT CORP                                  | EQT Corp                                                            | CUSIP: 26884LAG4<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |   1020000 | PA      | $1073155.46   | 0.29%             | 2030-02-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: —       |
| EPR PROPERTIES                            | EPR Properties                                                      | CUSIP: 26884UAF6<br>LEI: 549300YSSXFHMPOWZ492 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1100743.41   | 0.30%             | 2029-08-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| EDISON INTERNATIONAL                      | Edison International                                                | CUSIP: 281020AM9<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |   1280000 | PA      | $1180531.65   | 0.32%             | 2028-03-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                        | Energy Transfer LP                                                  | CUSIP: 29273RAJ8<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   1030000 | PA      | $1105949.58   | 0.30%             | 2038-07-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| ENSTAR GROUP LTD                          | Enstar Group Ltd                                                    | CUSIP: 29359UAB5<br>LEI: 213800AMAL5QFXVUCN04 | Long             | DBT              | CORP              | BM        |   1120000 | PA      | $1026787.34   | 0.28%             | 2029-06-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| ENTERPRISE PRODUCTS OPER                  | Enterprise Products Operating LLC                                   | CUSIP: 29379VBR3<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |   1480000 | PA      | $1110003.39   | 0.30%             | 2078-02-15      | Variable      | 5.38%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN BANK                    | Federal Home Loan Banks                                             | CUSIP: 3130A2UW4<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |    300000 | PA      | $291224.21    | 0.08%             | 2024-09-13      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN BANK                    | Federal Home Loan Banks                                             | CUSIP: 3130A3GE8<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |    230000 | PA      | $222152.81    | 0.06%             | 2024-12-13      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN BANK                    | Federal Home Loan Banks                                             | CUSIP: 3130A4CH3<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |    205000 | PA      | $196073.88    | 0.05%             | 2025-03-14      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN BANK                    | Federal Home Loan Banks                                             | CUSIP: 3130AGWK7<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |    310000 | PA      | $294371.72    | 0.08%             | 2024-08-15      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN BANK                    | Federal Home Loan Banks                                             | CUSIP: 3130AJHU6<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |    235000 | PA      | $215777.03    | 0.06%             | 2025-04-14      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN BANK                    | Federal Home Loan Banks                                             | CUSIP: 3130AK5E2<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |    305000 | PA      | $274723.47    | 0.08%             | 2025-09-04      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LOAN BANK                    | Federal Home Loan Banks                                             | CUSIP: 3130AQF40<br>LEI: 2549001DPIFGXC1TOL40 | Long             | DBT              | USGSE             | US        |    225000 | PA      | $209238.17    | 0.06%             | 2024-12-20      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| FEDERAL FARM CREDIT BANK                  | Federal Farm Credit Banks Funding Corp                              | CUSIP: 3133ENEJ5<br>LEI: 254900C5LP6DN9OP9V83 | Long             | DBT              | USGSE             | US        |    240000 | PA      | $223834.99    | 0.06%             | 2024-11-18      | Fixed         | 0.88%                 | No            |                  2 | On Loan: No      |
| FEDERAL FARM CREDIT BANK                  | Federal Farm Credit Banks Funding Corp                              | CUSIP: 3133ENKS8<br>LEI: 254900C5LP6DN9OP9V83 | Long             | DBT              | USGSE             | US        |    210000 | PA      | $195905.23    | 0.05%             | 2025-01-06      | Fixed         | 1.12%                 | No            |                  2 | On Loan: No      |
| FEDERAL FARM CREDIT BANK                  | Federal Farm Credit Banks Funding Corp                              | CUSIP: 3133ENPG9<br>LEI: 254900C5LP6DN9OP9V83 | Long             | DBT              | USGSE             | US        |    200000 | PA      | $188449.92    | 0.05%             | 2025-02-14      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE                                | Federal National Mortgage Association                               | CUSIP: 3135G03U5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGSE             | US        |    230000 | PA      | $210496.31    | 0.06%             | 2025-04-22      | Fixed         | 0.62%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE                                | Federal National Mortgage Association                               | CUSIP: 3135G04Z3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGSE             | US        |    135000 | PA      | $122853.25    | 0.03%             | 2025-06-17      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE                                | Federal National Mortgage Association                               | CUSIP: 3135G05X7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGSE             | US        |    130000 | PA      | $117170.08    | 0.03%             | 2025-08-25      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE                                | Federal National Mortgage Association                               | CUSIP: 3135G06G3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGSE             | US        |    520000 | PA      | $466939.67    | 0.13%             | 2025-11-07      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE                                | Federal National Mortgage Association                               | CUSIP: 3135G0K36<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGSE             | US        |    285000 | PA      | $267160.18    | 0.07%             | 2026-04-24      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE                                | Federal National Mortgage Association                               | CUSIP: 3135G0Q22<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGSE             | US        |    190000 | PA      | $175468.75    | 0.05%             | 2026-09-24      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE                                | Federal National Mortgage Association                               | CUSIP: 3135G0W66<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGSE             | US        |    275000 | PA      | $260714.16    | 0.07%             | 2024-10-15      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE                                | Federal National Mortgage Association                               | CUSIP: 3135G0X24<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGSE             | US        |    220000 | PA      | $207724.17    | 0.06%             | 2025-01-07      | Fixed         | 1.62%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE                                | Federal National Mortgage Association                               | CUSIP: 3135G0ZR7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGSE             | US        |    300000 | PA      | $290740.28    | 0.08%             | 2024-09-06      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC                               | Federal Home Loan Mortgage Corp                                     | CUSIP: 3137EAEP0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGSE             | US        |    195000 | PA      | $183340.23    | 0.05%             | 2025-02-12      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC                               | Federal Home Loan Mortgage Corp                                     | CUSIP: 3137EAEU9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGSE             | US        |    125000 | PA      | $113203.25    | 0.03%             | 2025-07-21      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| FREDDIE MAC                               | Federal Home Loan Mortgage Corp                                     | CUSIP: 3137EAEX3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | DBT              | USGSE             | US        |    240000 | PA      | $215813.88    | 0.06%             | 2025-09-23      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| FANNIE MAE                                | Federal National Mortgage Association                               | CUSIP: 31398AFD9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | DBT              | USGSE             | US        |    150000 | PA      | $167321.87    | 0.05%             | 2037-07-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                | Fannie Mae Pool                                                     | CUSIP: 3140MMBA5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3176597 | PA      | $3000642.99   | 0.82%             | 2052-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                | Fannie Mae Pool                                                     | CUSIP: 31418ED80<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3878588 | PA      | $3663752.00   | 1.01%             | 2052-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                                | Fannie Mae Pool                                                     | CUSIP: 31418EES5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |   3853476 | PA      | $3641628.81   | 1.00%             | 2052-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| FEDEX CORP                                | FedEx Corp                                                          | CUSIP: 31428XAW6<br>LEI: 549300E707U7WNPZN687 | Long             | DBT              | CORP              | US        |   1015000 | PA      | $911980.52    | 0.25%             | 2044-01-15      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| FIFTH THIRD BANCORP                       | Fifth Third Bancorp                                                 | CUSIP: 316773CH1<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | DBT              | CORP              | US        |    810000 | PA      | $982648.81    | 0.27%             | 2038-03-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| FLOWSERVE CORPORATION                     | Flowserve Corp                                                      | CUSIP: 34354PAF2<br>LEI: 6Y0GK87T6V7NJKZJVM41 | Long             | DBT              | CORP              | US        |   1310000 | PA      | $1094513.57   | 0.30%             | 2030-10-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FREEPORT-MCMORAN INC                      | Freeport-McMoRan Inc                                                | CUSIP: 35671DBC8<br>LEI: 549300IRDTHJQ1PVET45 | Long             | DBT              | CORP              | US        |   1190000 | PA      | $1063937.35   | 0.29%             | 2043-03-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: —       |
| GLP CAPITAL LP / FIN II                   | GLP Capital LP / GLP Financing II Inc                               | CUSIP: 361841AK5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1090000 | PA      | $1055089.83   | 0.29%             | 2028-06-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| NOV INC                                   | NOV Inc                                                             | CUSIP: 637071AK7<br>LEI: 549300EHF3IW1AR6U008 | Long             | DBT              | CORP              | US        |   1600000 | PA      | $1142619.86   | 0.31%             | 2042-12-01      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-30

**Name of Applicant:** ETF Series Solutions

**Signature:** /s/ Kristen Weitzel

**Name of Signer:** ETF Series Solutions

**Title:** Treasurer