# EDGAR Filing Document

**Accession Number:** 0001540305
**File Stem:** 0001145549-23-021704
**Filing Date:** 2023-3
**Character Count:** 51694
**Document Hash:** 9ae8e917b5fcaebc0a569735fa1d7b20
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-23-021704.hdr.sgml**: 20230331

**ACCESSION NUMBER**: 0001145549-23-021704

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20230131

**FILED AS OF DATE**: 20230331

**DATE AS OF CHANGE**: 20230331

**PERIOD START**: 20231031

**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:** 23789039

**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

### Blue Horizon BNE ETF (Series ID: S000070106)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000223018 | Blue Horizon BNE ETF | BNE             |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **Blue Horizon BNE ETF** | **Blue Horizon BNE ETF** | |
| Schedule of Investments | Schedule of Investments |  |
| January 31, 2023 (Unaudited) | January 31, 2023 (Unaudited) |  |
| **Shares** | **Security Description** | **Value** |
|  | **COMMON STOCKS - 99.7%** |  |
|  | **AUSTRALIA - 5.1%** |  |
|  | **Basic Materials - 5.1%** |  |
| 8371 | IGO, Ltd. | $85943 |
| 10965 | Iluka Resources, Ltd. | 83446 |
| 30545 | Pilbara Minerals, Ltd. (a) | 102238 |
| 66199 | Syrah Resources, Ltd. (a) | 102624 |
|  |  | 374251 |
|  |  | 374251 |
|  | **BELGIUM - 1.1%** |  |
|  | **Basic Materials - 1.1%** |  |
| 2099 | Umicore SA | 78943 |
|  |  | 78943 |
|  | **BRAZIL - 2.6%** |  |
|  | **Basic Materials - 1.3%** |  |
| 5046 | Vale SA - ADR | 94259 |
|  | **Industrial - 1.3%** |  |
| 12303 | WEG SA | 92621 |
|  |  | 186880 |
|  | **CANADA - 5.5%** |  |
|  | **Basic Materials - 3.9%** |  |
| 2952 | Cameco Corporation | 82364 |
| 3533 | First Quantum Minerals, Ltd. | 81735 |
| 9804 | Largo, Inc. (a) | 62159 |
| 2291 | Lithium Americas Corporation (a) | 57802 |
|  |  | 284060 |
|  | **Energy - 0.9%** |  |
| 1571 | Canadian Solar, Inc. (a) | 66092 |
|  | **Industrial - 0.7%** |  |
| 9663 | Li-Cycle Holdings Corporation (a) | 52567 |
|  |  | 402719 |
|  | **CHINA - 7.8%** |  |
|  | **Basic Materials - 2.9%** |  |
| 147000 | CMOC Group, Ltd. - H-Shares | 84766 |
| 7400 | Ganfeng Lithium Group Company, Ltd. - H-Shares | 67311 |
| 6400 | Tianqi Lithium Corporation - H-Shares (a) | 59072 |
|  |  | 211149 |
|  | **Consumer, Cyclical - 3.4%** |  |
| 2000 | BYD Company, Ltd. - H-Shares | 62512 |
| 2357 | Li Auto, Inc. - ADR (a) | 58689 |
| 3709 | NIO, Inc. - ADR (a) | 44768 |
| 34000 | Yadea Group Holdings, Ltd. | 77468 |
|  |  | 243437 |
|  | **Energy - 0.9%** |  |
| 1206 | JinkoSolar Holding Company, Ltd. - ADR (a) | 67994 |
|  | **Industrial - 0.6%** |  |
| 43800 | Xinjiang Goldwind Science & Technology Company, Ltd. - H-Shares | 44702 |
|  |  | 567282 |
|  | **DENMARK - 1.1%** |  |
|  | **Energy - 1.1%** |  |
| 2767 | Vestas Wind System AS | 80298 |
|  |  | 80298 |
|  | **FINLAND - 2.0%** |  |
|  | **Energy - 0.9%** |  |
| 1370 | Neste Oyj | 65214 |
|  | **Industrial - 1.1%** |  |
| 8423 | Wartsila OYJ Abp | 79769 |
|  |  | 144983 |
|  | **FRANCE - 3.2%** |  |
|  | **Basic Materials - 1.2%** |  |
| 530 | Air Liquide SA | 84073 |
|  | **Energy - 0.8%** |  |
| 1652 | Neoen SA | 61593 |
|  | **Industrial - 1.2%** |  |
| 542 | Schneider Electric SE | 87307 |
|  |  | 232973 |
|  | **GERMANY - 7.6%** |  |
|  | **Basic Materials - 1.3%** |  |
| 1667 | BASF SE | 94867 |
|  | **Consumer, Cyclical - 3.6%** |  |
| 935 | Bayerische Motoren Werke AG | 94671 |
| 1228 | Mercedes-Benz Group AG | 90889 |
| 420 | Volkswagen AG | 73233 |
|  |  | 258793 |
|  | **Industrial - 1.4%** |  |
| 673 | Siemens AG | 104447 |
|  | **Technology - 1.3%** |  |
| 2755 | Infineon Technologies AG | 98484 |
|  |  | 556591 |
|  | **HONG KONG - 1.0%** |  |
|  | **Industrial - 1.0%** |  |
| 5500 | Techtronic Industries Company, Ltd. | 70587 |
|  |  | 70587 |
|  | **IRELAND - 1.1%** |  |
|  | **Industrial - 1.1%** |  |
| 442 | Trane Technologies plc | 79171 |
|  |  | 79171 |
|  | **ISRAEL - 1.1%** |  |
|  | **Energy - 1.1%** |  |
| 240 | SolarEdge Technologies, Inc. (a) | 76591 |
|  |  | 76591 |
|  | **JAPAN - 2.9%** |  |
|  | **Consumer, Cyclical - 2.9%** |  |
| 1200 | Denso Corporation | 64335 |
| 8500 | Panasonic Holdings Corporation | 78434 |
| 4500 | Toyota Motor Corporation | 65625 |
|  |  | 208394 |
|  |  | 208394 |
|  | **MALAYSIA - 1.0%** |  |
|  | **Basic Materials - 1.0%** |  |
| 11261 | Lynas Rare Earths, Ltd. (a) | 74510 |
|  |  | 74510 |
|  | **MEXICO - 1.5%** |  |
|  | **Basic Materials - 1.5%** |  |
| 1414 | Southern Copper Corporation | 106347 |
|  |  | 106347 |
|  | **NETHERLANDS - 4.3%** |  |
|  | **Consumer, Cyclical - 1.1%** |  |
| 4945 | Stellantis NV | 77206 |
|  | **Industrial - 2.2%** |  |
| 669 | Alfen NV (a) | 61744 |
| 2570 | AMG Advanced Metallurgical Group NV | 99755 |
|  |  | 161499 |
|  | **Technology - 1.0%** |  |
| 402 | NXP Semiconductors NV | 74093 |
|  |  | 312798 |
|  | **NEW ZEALAND - 1.0%** |  |
|  | **Utilities - 1.0%** |  |
| 21933 | Meridian Energy, Ltd. | 75548 |
|  |  | 75548 |
|  | **NORWAY - 1.0%** |  |
|  | **Energy - 1.0%** |  |
| 44560 | NEL ASA (a) | 75663 |
|  |  | 75663 |
|  | **REPUBLIC OF KOREA - 8.6%** |  |
|  | **Basic Materials - 1.2%** |  |
| 150 | LG Chem, Ltd. | 84023 |
|  | **Communications - 1.2%** |  |
| 158 | Samsung SDI Company, Ltd. | 87863 |
|  | **Consumer, Cyclical - 1.2%** |  |
| 208 | LG Energy Solution, Ltd. (a) | 87976 |
|  | **Energy - 0.8%** |  |
| 458 | SK Innovation Company, Ltd. (a) | 60271 |
|  | **Industrial - 4.2%** |  |
| 2509 | Doosan Fuel Cell Company, Ltd. (a) | 67624 |
| 832 | Ecopro BM Company, Ltd. | 67408 |
| 403 | L&F Company, Ltd. | 67396 |
| 583 | POSCO Chemical Company, Ltd. | 106018 |
|  |  | 308446 |
|  |  | 628579 |
|  | **RUSSIAN FEDERATION - 0.0% (b)** |  |
|  | **Basic Materials - 0.0% (b)** |  |
| 2645 | MMC Norilsk Nickel PJSC - ADR (c)(d) | 26 |
|  |  | 26 |
|  | **SPAIN - 1.0%** |  |
|  | **Utilities - 1.0%** |  |
| 6415 | Iberdrola SA | 74860 |
|  |  | 74860 |
|  | **SWITZERLAND - 2.3%** |  |
|  | **Basic Materials - 1.1%** |  |
| 12078 | Glencore plc | 80472 |
|  | **Industrial - 1.2%** |  |
| 2428 | ABB, Ltd. | 83907 |
| 119 | Accelleron Industries AG (a) | 2794 |
|  |  | 86701 |
|  |  | 167173 |
|  | **TAIWAN - 0.8%** |  |
|  | **Industrial - 0.8%** |  |
| 2152 | Advanced Energy Solution Holding Company, Ltd. | 56192 |
|  |  | 56192 |
|  | **UNITED KINGDOM - 1.1%** |  |
|  | **Basic Materials - 1.1%** |  |
| 237 | Linde plc | 78433 |
|  |  | 78433 |
|  | **UNITED STATES - 35.0% (e)** |  |
|  | **Basic Materials - 6.1%** |  |
| 267 | Air Products and Chemicals, Inc. | 85576 |
| 247 | Albemarle Corporation | 69518 |
| 1307 | Alcoa Corporation | 68278 |
| 2188 | Freeport-McMoRan, Inc. | 97629 |
| 2281 | Livent Corporation (a) | 59124 |
| 1935 | MP Materials Corporation (a) | 62907 |
|  |  | 443032 |
|  | **Communications - 1.0%** |  |
| 2488 | Uber Technologies, Inc. (a) | 76954 |
|  | **Consumer, Cyclical - 5.0%** |  |
| 7397 | EVgo, Inc. (a) | 50965 |
| 4563 | Ford Motor Company | 61646 |
| 1802 | General Motors Company | 70855 |
| 11070 | Proterra, Inc. (a) | 56457 |
| 14721 | SES AI Corporation (a) | 48579 |
| 10582 | Solid Power, Inc. (a) | 35450 |
| 229 | Tesla, Inc. (a) | 39667 |
|  |  | 363619 |
|  | **Consumer, Non-cyclical - 1.9%** |  |
| 11474 | Vivint Smart Home, Inc. (a) | 137458 |
|  | **Energy - 5.8%** |  |
| 242 | Enphase Energy, Inc. (a) | 53574 |
| 605 | First Solar, Inc. (a) | 107448 |
| 3954 | Fluence Energy, Inc. (a) | 95450 |
| 836 | NextEra Energy Partners LP | 61279 |
| 2597 | Plug Power, Inc. (a) | 44201 |
| 2196 | Sunrun, Inc. (a) | 57711 |
|  |  | 419663 |
|  | **Financial - 0.9%** |  |
| 1754 | Hannon Armstrong Sustainable Infrastructure Capital, Inc. | 64740 |
|  | **Industrial - 9.1%** |  |
| 388 | Acuity Brands, Inc. | 73146 |
| 735 | AeroVironment, Inc. (a) | 65393 |
| 2871 | Bloom Energy Corporation - Class A (a) | 71574 |
| 4872 | ChargePoint Holdings, Inc. (a) | 59146 |
| 352 | Honeywell International, Inc. | 73385 |
| 1420 | Itron, Inc. (a) | 81608 |
| 1268 | Johnson Controls International plc | 88215 |
| 764 | Stanley Black & Decker, Inc. | 68233 |
| 599 | Universal Display Corporation | 79385 |
|  |  | 660085 |
|  | **Technology - 1.6%** |  |
| 971 | ON Semiconductor Corporation (a) | 71320 |
| 618 | Wolfspeed, Inc. (a) | 47592 |
|  |  | 118912 |
|  | **Utilities - 3.6%** |  |
| 1094 | Ameresco, Inc. - Class A (a) | 70530 |
| 798 | NextEra Energy, Inc. | 59555 |
| 751 | Ormat Technologies, Inc. | 69505 |
| 924 | Xcel Energy, Inc. | 63542 |
|  |  | 263132 |
|  |  | 2547595 |
|  | TOTAL COMMON STOCKS (Cost $7,237,770) | 7257387 |
|  | **SHORT-TERM INVESTMENTS - 0.3%** |  |
| 20074 | First American Government Obligations Fund - Class X, 4.14% (f) | 20074 |
|  | TOTAL SHORT-TERM INVESTMENTS (Cost $20,074) | 20074 |
|  | TOTAL INVESTMENTS (Cost $7,257,844) - 100.0% | 7277461 |
|  | Liabilities in Excess of Other Assets - (0.0)% (b) | (784) |
|  | NET ASSETS - 100.0% | $7276677 |

---

---

| | |
|:---|:---|
|  | Percentages are stated as a percent of net assets. |
| ADR <br>| American Depositary Receipt. |
| (a) <br>| Non-income producing security. |
| (b) <br>| Represents less than 0.05% of net assets. |
| (c) <br>| Value determined using significant unobservable inputs. Classified as Level 3 in the fair value hierarchy. |
| (d) <br>| This security has been deemed illiquid according to the Fund's liquidity guidelines. The value of this security is $26 or 0.00% of net assets. |
| (e) <br>| To the extent that the Fund invests a significant portion of its assets in the securities of companies of a single country or region, it is more likely to be impacted by events or conditions affecting the country or region. |
| (f) <br>| Rate shown is the annualized seven-day yield as of January 31, 2023. |

---

------

---

| |
|:---|
| **Summary of Fair Value Disclosure at January 31, 2023 (Unaudited)** |
| 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: |
| Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access. |
| Level 2 - Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data. |
| Level 3 - Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Fund's own assumptions about the assumptions a market participant would use in valuing the asset or liability, and would be based on the best information available. |
| 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. |
| 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. |
| 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. |

---

The following is a summary of the inputs used to value the Fund's investments as of January 31, 2023:<br>

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <u>Assets^</u> | <u>Level 1</u> | <u>Level 2</u> | <u>Level 3</u> | <u>Total</u> |
| Common Stocks | $7257361 | $- | $26 | $7257387 |
| Short-Term Investments | 20074 | - | - | 20074 |
| Total Investments in Securities | $7277435 | $- | $26 | $7277461 |
| ^See Schedule of Investments for breakout of investments by country and sector classifications. | ^See Schedule of Investments for breakout of investments by country and sector classifications. | ^See Schedule of Investments for breakout of investments by country and sector classifications. | ^See Schedule of Investments for breakout of investments by country and sector classifications. |  |

---

The following is a reconciliation of investments in which significant unobservable inputs (Level 3) were used in determining fair value:<br>

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Balance as of 10/31/2022** | **Net Realized** <br> **Gain (Loss)** | **Change in Net Unrealized Appreciation (Depreciation)** | **Purchases** | **Sales** | **Transfers Into Level 3** | **Transfers Out of Level 3** | **Balance as of 1/31/2023** |
| Common Stocks | $26 | $- | $- | $- | $- | $- | $- | $26 |

---

The following is a summary of quantitative information about Level 3 Fair Value Measurements:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Fair Value as of**<br> **1/31/2023** | **Valuation** <br> **Techniques** | **Unobservable** <br> **Input** | **Impact to** <br> **valuation from** <br> **an increase to** <br> **input\*** |
| Common Stocks | $26 | Market comparable <br> companies | Discount for lack <br> of marketability | 0.01 USD |
| \*MMC Norilsk Nickel PJSC - ADR has been valued at $0.01 per share during the current fiscal period. | \*MMC Norilsk Nickel PJSC - ADR has been valued at $0.01 per share during the current fiscal period. | \*MMC Norilsk Nickel PJSC - ADR has been valued at $0.01 per share during the current fiscal period. | \*MMC Norilsk Nickel PJSC - ADR has been valued at $0.01 per share during the current fiscal period. | \*MMC Norilsk Nickel PJSC - ADR has been valued at $0.01 per share during the current fiscal period. |
| For the period ended January 31, 2023, the Fund did not recognize any transfers to or from Level 3. | For the period ended January 31, 2023, the Fund did not recognize any transfers to or from Level 3. | For the period ended January 31, 2023, the Fund did not recognize any transfers to or from Level 3. | For the period ended January 31, 2023, the Fund did not recognize any transfers to or from Level 3. | For the period ended January 31, 2023, 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:** Blue Horizon BNE ETF

- **b. EDGAR series identifier (if any):** S000070106

- **c. LEI of Series:** 549300ZBTFHAAK3GY981

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

- **a. Date of fiscal year-end:** 2023-10-31

- **b. Date as of which information is reported:** 2023-01-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $7283629.27

**Total Liabilities:** $6762.33

**Net Assets:** $7276866.94

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000223018 | 11.61%               | -9.06%               | 14.47%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $67.63                   | $730785.46                                 |
| Month 2  | $-39503.95               | $-601344.02                                |
| Month 3  | $97.00                   | $923040.45                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Ormat Technologies Inc         | Ormat Technologies Inc                                  | CUSIP: 686688102<br>LEI: 5493000TSHHWY24VHM09 | Long             | EC               | CORP              | US        |       751 | NS      | $69505.05     | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Southern Copper Corp           | Southern Copper Corp                                    | CUSIP: 84265V105<br>LEI: 2549007U6NAP46Q9TU15 | Long             | EC               | CORP              | MX        |      1414 | NS      | $106346.94    | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Sunrun Inc                     | Sunrun Inc                                              | CUSIP: 86771W105<br>LEI: 54930007SJ77CI66U531 | Long             | EC               | CORP              | US        |      2196 | NS      | $57710.88     | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| CMOC Group Ltd                 | CMOC Group Ltd                                          | CUSIP: N/A<br>LEI: 2549008KG3638J59U652       | Long             | EC               | CORP              | CN        |    147000 | NS      | $84765.68     | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| AMG Advanced Metallurgical Gro | AMG Advanced Metallurgical Group NV                     | CUSIP: N/A<br>LEI: 5493006MN6OH67U2YI74       | Long             | EC               | CORP              | NL        |      2570 | NS      | $99755.42     | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Iberdrola SA                   | Iberdrola SA                                            | CUSIP: N/A<br>LEI: 5QK37QC7NWOJ8D7WVQ45       | Long             | EC               | CORP              | ES        |      6415 | NS      | $74860.36     | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Energy Solution Holdi | Advanced Energy Solution Holding Co Ltd                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |      2152 | NS      | $56192.11     | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Tianqi Lithium Corp            | Tianqi Lithium Corp                                     | CUSIP: N/A<br>LEI: 300300IZ1J0MQ8YVEG66       | Long             | EC               | CORP              | CN        |      6400 | NS      | $59072.15     | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Vestas Wind Systems A/S        | Vestas Wind Systems A/S                                 | CUSIP: N/A<br>LEI: 549300DYMC8BGZZC8844       | Long             | EC               | CORP              | DK        |      2767 | NS      | $80297.86     | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Accelleron Industries AG       | Accelleron Industries AG                                | CUSIP: N/A<br>LEI: 254900KS0MD2PAARXD14       | Long             | EC               | CORP              | CH        |       119 | NS      | $2793.83      | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Acuity Brands Inc              | Acuity Brands Inc                                       | CUSIP: 00508Y102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       388 | NS      | $73145.76     | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| AeroVironment Inc              | AeroVironment Inc                                       | CUSIP: 008073108<br>LEI: 529900PGHVI29YLZ6221 | Long             | EC               | CORP              | US        |       735 | NS      | $65392.95     | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Air Products and Chemicals Inc | Air Products and Chemicals Inc                          | CUSIP: 009158106<br>LEI: 7QEON6Y1RL5XR3R1W237 | Long             | EC               | CORP              | US        |       267 | NS      | $85576.17     | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Albemarle Corp                 | Albemarle Corp                                          | CUSIP: 012653101<br>LEI: HDBLS2Q6GV1LSKQPBS54 | Long             | EC               | CORP              | US        |       247 | NS      | $69518.15     | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Alcoa Corp                     | Alcoa Corp                                              | CUSIP: 013872106<br>LEI: 549300T12EZ1F6PWWU29 | Long             | EC               | CORP              | US        |      1307 | NS      | $68277.68     | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameresco Inc                   | Ameresco Inc                                            | CUSIP: 02361E108<br>LEI: 529900NZXZGBCBXYY327 | Long             | EC               | CORP              | US        |      1094 | NS      | $70530.18     | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Bloom Energy Corp              | Bloom Energy Corp                                       | CUSIP: 093712107<br>LEI: 549300XB5J9BFW5JXV97 | Long             | EC               | CORP              | US        |      2871 | NS      | $71574.03     | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian Solar Inc             | Canadian Solar Inc                                      | CUSIP: 136635109<br>LEI: 5493001XSC6TKMBVOM15 | Long             | EC               | CORP              | CA        |      1571 | NS      | $66091.97     | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| ChargePoint Holdings Inc       | ChargePoint Holdings Inc                                | CUSIP: 15961R105<br>LEI: 254900DVN9TAC2GIPG25 | Long             | EC               | CORP              | US        |      4872 | NS      | $59146.08     | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Cameco Corp                    | Cameco Corp                                             | CUSIP: 13321L108<br>LEI: N4BHALMXL3GMZKCUON55 | Long             | EC               | CORP              | CA        |      2952 | NS      | $82364.42     | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| First Quantum Minerals Ltd     | First Quantum Minerals Ltd                              | CUSIP: 335934105<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | EC               | CORP              | CA        |      3533 | NS      | $81735.46     | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Enphase Energy Inc             | Enphase Energy Inc                                      | CUSIP: 29355A107<br>LEI: 5493008U7KIGMI59Z314 | Long             | EC               | CORP              | US        |       242 | NS      | $53573.96     | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| WEG SA                         | WEG SA                                                  | CUSIP: N/A<br>LEI: 254900NKQV127YFRO022       | Long             | EC               | CORP              | BR        |     12303 | NS      | $92620.76     | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| EVgo Inc                       | EVgo Inc                                                | CUSIP: 30052F100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7397 | NS      | $50965.33     | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| First Solar Inc                | First Solar Inc                                         | CUSIP: 336433107<br>LEI: 549300NPYMLM4NHTOF27 | Long             | EC               | CORP              | US        |       605 | NS      | $107448.00    | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Fluence Energy Inc             | Fluence Energy Inc                                      | CUSIP: 34379V103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3954 | NS      | $95449.56     | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Ford Motor Co                  | Ford Motor Co                                           | CUSIP: 345370860<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | EC               | CORP              | US        |      4563 | NS      | $61646.13     | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Freeport-McMoRan Inc           | Freeport-McMoRan Inc                                    | CUSIP: 35671D857<br>LEI: 549300IRDTHJQ1PVET45 | Long             | EC               | CORP              | US        |      2188 | NS      | $97628.56     | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| General Motors Co              | General Motors Co                                       | CUSIP: 37045V100<br>LEI: 54930070NSV60J38I987 | Long             | EC               | CORP              | US        |      1802 | NS      | $70854.64     | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Hannon Armstrong Sustainable I | Hannon Armstrong Sustainable Infrastructure Capital Inc | CUSIP: 41068X100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1754 | NS      | $64740.14     | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Honeywell International Inc    | Honeywell International Inc                             | CUSIP: 438516106<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | EC               | CORP              | US        |       352 | NS      | $73384.96     | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Wartsila OYJ Abp               | Wartsila OYJ Abp                                        | CUSIP: N/A<br>LEI: 743700G7A9J1PHM3X223       | Long             | EC               | CORP              | FI        |      8423 | NS      | $79768.63     | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Itron Inc                      | Itron Inc                                               | CUSIP: 465741106<br>LEI: 24F6LSZD18II6ICG6S41 | Long             | EC               | CORP              | US        |      1420 | NS      | $81607.40     | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Schneider Electric SE          | Schneider Electric SE                                   | CUSIP: N/A<br>LEI: 969500A1YF1XUYYXS284       | Long             | EC               | CORP              | FR        |       542 | NS      | $87306.75     | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Li-Cycle Holdings Corp         | Li-Cycle Holdings Corp                                  | CUSIP: 50202P105<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |      9663 | NS      | $52566.72     | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| BASF SE                        | BASF SE                                                 | CUSIP: N/A<br>LEI: 529900PM64WH8AF1E917       | Long             | EC               | CORP              | DE        |      1667 | NS      | $94867.12     | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Lithium Americas Corp          | Lithium Americas Corp                                   | CUSIP: 53680Q207<br>LEI: 529900Q9ENG7EHHZ5R75 | Long             | EC               | CORP              | CA        |      2291 | NS      | $57801.93     | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Volkswagen AG                  | Volkswagen AG                                           | CUSIP: N/A<br>LEI: 529900NNUPAGGOMPXZ31       | Long             | EC               | CORP              | DE        |       420 | NS      | $73233.27     | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| LG Chem Ltd                    | LG Chem Ltd                                             | CUSIP: N/A<br>LEI: 988400IES4EIG7O06940       | Long             | EC               | CORP              | KR        |       150 | NS      | $84023.38     | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| POSCO Chemical Co Ltd          | POSCO Chemical Co Ltd                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |       583 | NS      | $106017.21    | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| ON Semiconductor Corp          | ON Semiconductor Corp                                   | CUSIP: 682189105<br>LEI: ZV20P4CNJVT8V1ZGJ064 | Long             | EC               | CORP              | US        |       971 | NS      | $71319.95     | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Li Auto Inc                    | Li Auto Inc                                             | CUSIP: 50202M102<br>LEI: 2549003R73Q70J5H4I65 | Long             | EC               | CORP              | CN        |      2357 | NS      | $58689.30     | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Livent Corp                    | Livent Corp                                             | CUSIP: 53814L108<br>LEI: 254900OOLQ2VNMZTJL47 | Long             | EC               | CORP              | US        |      2281 | NS      | $59123.52     | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Mercedes-Benz Group AG         | Mercedes-Benz Group AG                                  | CUSIP: D1668R123<br>LEI: 529900R27DL06UVNT076 | Long             | EC               | CORP              | DE        |      1228 | NS      | $90889.36     | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| MP Materials Corp              | MP Materials Corp                                       | CUSIP: 553368101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1935 | NS      | $62906.85     | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Siemens AG                     | Siemens AG                                              | CUSIP: N/A<br>LEI: W38RGI023J3WT1HWRP32       | Long             | EC               | CORP              | DE        |       673 | NS      | $104447.04    | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Infineon Technologies AG       | Infineon Technologies AG                                | CUSIP: N/A<br>LEI: TSI2PJM6EPETEQ4X1U25       | Long             | EC               | CORP              | DE        |      2755 | NS      | $98483.69     | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Bayerische Motoren Werke AG    | Bayerische Motoren Werke AG                             | CUSIP: N/A<br>LEI: YEH5ZCD6E441RHVHD759       | Long             | EC               | CORP              | DE        |       935 | NS      | $94670.82     | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Toyota Motor Corp              | Toyota Motor Corp                                       | CUSIP: N/A<br>LEI: 5493006W3QUS5LMH6R84       | Long             | EC               | CORP              | JP        |      4500 | NS      | $65625.36     | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Plug Power Inc                 | Plug Power Inc                                          | CUSIP: 72919P202<br>LEI: 549300JPDKRSJ8JSM954 | Long             | EC               | CORP              | US        |      2597 | NS      | $44200.94     | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Proterra Inc                   | Proterra Inc                                            | CUSIP: 74374T109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11070 | NS      | $56457.00     | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| SES AI Corp                    | SES AI Corp                                             | CUSIP: 78397Q109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     14721 | NS      | $48579.30     | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Pilbara Minerals Ltd           | Pilbara Minerals Ltd                                    | CUSIP: N/A<br>LEI: 5299000VV1CZVF5K9C16       | Long             | EC               | CORP              | AU        |     30545 | NS      | $102237.09    | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Glencore PLC                   | Glencore PLC                                            | CUSIP: N/A<br>LEI: 2138002658CPO9NBH955       | Long             | EC               | CORP              | CH        |     12078 | NS      | $80472.42     | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| GOLDWIND                       | Xinjiang Goldwind Science & Technology Co Ltd           | CUSIP: N/A<br>LEI: 3003008X6GR2ZPYM2V54       | Long             | EC               | CORP              | CN        |     43800 | NS      | $44702.15     | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Alfen N.V.                     | Alfen N.V.                                              | CUSIP: N/A<br>LEI: 724500HDW6IWR9J5YT90       | Long             | EC               | CORP              | NL        |       669 | NS      | $61743.56     | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Neoen SA                       | Neoen SA                                                | CUSIP: N/A<br>LEI: 969500C0AIAGQWZGJO13       | Long             | EC               | CORP              | FR        |      1652 | NS      | $61593.19     | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Doosan Fuel Cell Co Ltd        | Doosan Fuel Cell Co Ltd                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |      2509 | NS      | $67623.64     | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Largo Inc                      | Largo Inc                                               | CUSIP: 517097101<br>LEI: 549300DNLDBZOCZKIM08 | Long             | EC               | CORP              | CA        |      9804 | NS      | $62158.98     | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Stellantis NV                  | Stellantis NV                                           | CUSIP: N/A<br>LEI: 549300LKT9PW7ZIBDF31       | Long             | EC               | CORP              | NL        |      4945 | NS      | $77206.38     | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson Controls International | Johnson Controls International plc                      | CUSIP: N/A<br>LEI: 549300XQ6S1GYKGBL205       | Long             | EC               | CORP              | US        |      1268 | NS      | $88214.76     | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Linde PLC                      | Linde PLC                                               | CUSIP: G5494J103<br>LEI: 8945002PAZHZLBGKGF02 | Long             | EC               | CORP              | GB        |       237 | NS      | $78432.78     | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Trane Technologies PLC         | Trane Technologies PLC                                  | CUSIP: N/A<br>LEI: 549300BURLR9SLYY2705       | Long             | EC               | CORP              | IE        |       442 | NS      | $79171.04     | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| NXP Semiconductors NV          | NXP Semiconductors NV                                   | CUSIP: N/A<br>LEI: 724500M9BY5293JDF951       | Long             | EC               | CORP              | NL        |       402 | NS      | $74092.62     | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Government Obli | First American Government Obligations Fund              | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |     20074 | NS      | $20074.45     | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| JinkoSolar Holding Co Ltd      | JinkoSolar Holding Co Ltd                               | CUSIP: 47759T100<br>LEI: 529900Y93WNCS05FG852 | Long             | EC               | CORP              | CN        |      1206 | NS      | $67994.28     | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Lynas Rare Earths Ltd          | Lynas Rare Earths Ltd                                   | CUSIP: N/A<br>LEI: 529900SGT9M1FJPXXI35       | Long             | EC               | CORP              | MY        |     11261 | NS      | $74510.47     | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| NIO Inc                        | NIO Inc                                                 | CUSIP: 62914V106<br>LEI: 549300JBU4TV5OCKJV96 | Long             | EC               | CORP              | CN        |      3709 | NS      | $44767.63     | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| IGO Ltd                        | IGO Ltd                                                 | CUSIP: N/A<br>LEI: 2549005DZO8VGXM5QN07       | Long             | EC               | CORP              | AU        |      8371 | NS      | $85943.23     | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| NextEra Energy Inc             | NextEra Energy Inc                                      | CUSIP: 65339F101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       798 | NS      | $59554.74     | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| NextEra Energy Partners LP     | NextEra Energy Partners LP                              | CUSIP: 65341B106<br>LEI: 5493008F4ZOQFNG3WN54 | Long             | EC               | CORP              | US        |       836 | NS      | $61278.80     | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| BYD Co Ltd                     | BYD Co Ltd                                              | CUSIP: N/A<br>LEI: 5299005557VL7ULJ7A69       | Long             | EC               | CORP              | CN        |      2000 | NS      | $62511.56     | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Panasonic Holdings Corp        | Panasonic Holdings Corp                                 | CUSIP: J6354Y104<br>LEI: 254900GE1G59KGWPHX32 | Long             | EC               | CORP              | JP        |      8500 | NS      | $78434.39     | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| L&F Co Ltd                     | L&F Co Ltd                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |       403 | NS      | $67395.68     | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Denso Corp                     | Denso Corp                                              | CUSIP: N/A<br>LEI: 549300RYPA10CQM3QK38       | Long             | EC               | CORP              | JP        |      1200 | NS      | $64334.65     | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsung SDI Co Ltd             | Samsung SDI Co Ltd                                      | CUSIP: N/A<br>LEI: 9884002AESDO4YW87G32       | Long             | EC               | CORP              | KR        |       158 | NS      | $87863.29     | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Vale SA                        | Vale SA                                                 | CUSIP: 91912E105<br>LEI: 254900SMTWBX7RU2SR20 | Long             | EC               | CORP              | BR        |      5046 | NS      | $94259.28     | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Wolfspeed Inc                  | Wolfspeed Inc                                           | CUSIP: 977852102<br>LEI: 549300OGU88P3AW3TO93 | Long             | EC               | CORP              | US        |       618 | NS      | $47592.18     | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| NEL ASA                        | NEL ASA                                                 | CUSIP: N/A<br>LEI: 549300G6XN5IXMRKEG37       | Long             | EC               | CORP              | NO        |     44560 | NS      | $75662.66     | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Iluka Resources Ltd            | Iluka Resources Ltd                                     | CUSIP: N/A<br>LEI: 2549009N2Y1F4YNB0955       | Long             | EC               | CORP              | AU        |     10965 | NS      | $83446.31     | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| ABB Ltd                        | ABB Ltd                                                 | CUSIP: N/A<br>LEI: 5493000LKVGOO9PELI61       | Long             | EC               | CORP              | CH        |      2428 | NS      | $83906.39     | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| SolarEdge Technologies Inc     | SolarEdge Technologies Inc                              | CUSIP: 83417M104<br>LEI: 5493000K6Y58XXPDF853 | Long             | EC               | CORP              | IL        |       240 | NS      | $76591.20     | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Solid Power Inc                | Solid Power Inc                                         | CUSIP: 83422N105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10582 | NS      | $35449.70     | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Stanley Black & Decker Inc     | Stanley Black & Decker Inc                              | CUSIP: 854502101<br>LEI: 549300DJ09SMTO561131 | Long             | EC               | CORP              | US        |       764 | NS      | $68232.84     | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Tesla Inc                      | Tesla Inc                                               | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |       229 | NS      | $39667.38     | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Uber Technologies Inc          | Uber Technologies Inc                                   | CUSIP: 90353T100<br>LEI: 549300B2FTG34FILDR98 | Long             | EC               | CORP              | US        |      2488 | NS      | $76953.84     | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Universal Display Corp         | Universal Display Corp                                  | CUSIP: 91347P105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       599 | NS      | $79385.47     | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Vivint Smart Home Inc          | Vivint Smart Home Inc                                   | CUSIP: 928542109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11474 | NS      | $137458.52    | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Xcel Energy Inc                | Xcel Energy Inc                                         | CUSIP: 98389B100<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | EC               | CORP              | US        |       924 | NS      | $63543.48     | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Techtronic Industries Co Ltd   | Techtronic Industries Co Ltd                            | CUSIP: N/A<br>LEI: 549300HZW2SBE758OK89       | Long             | EC               | CORP              | HK        |      5500 | NS      | $70587.03     | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Neste Oyj                      | Neste Oyj                                               | CUSIP: N/A<br>LEI: 5493009GY1X8GQ66AM14       | Long             | EC               | CORP              | FI        |      1370 | NS      | $65214.01     | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Air Liquide SA                 | Air Liquide SA                                          | CUSIP: N/A<br>LEI: 969500MMPQVHK671GT54       | Long             | EC               | CORP              | FR        |       530 | NS      | $84072.90     | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| SK Innovation Co Ltd           | SK Innovation Co Ltd                                    | CUSIP: N/A<br>LEI: 988400PXP70BWVSJVF07       | Long             | EC               | CORP              | KR        |       458 | NS      | $60270.99     | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Syrah Resources Ltd            | Syrah Resources Ltd                                     | CUSIP: N/A<br>LEI: 254900ZS2VP83B6L6Y30       | Long             | EC               | CORP              | AU        |     66199 | NS      | $102623.98    | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Umicore SA                     | Umicore SA                                              | CUSIP: B95505184<br>LEI: 529900F3AIQECS8ZSV61 | Long             | EC               | CORP              | BE        |      2099 | NS      | $78943.03     | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Ecopro BM Co Ltd               | Ecopro BM Co Ltd                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |       832 | NS      | $67408.35     | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| LG Energy Solution Ltd         | LG Energy Solution Ltd                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |       208 | NS      | $87975.32     | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Meridian Energy Ltd            | Meridian Energy Ltd                                     | CUSIP: N/A<br>LEI: 254900IFKXIGNCY3A092       | Long             | EC               | CORP              | NZ        |     21933 | NS      | $75548.43     | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| MMC Norilsk Nickel PJSC        | MMC Norilsk Nickel PJSC                                 | CUSIP: 55315J102<br>LEI: 253400JPTEEW143W3E47 | Long             | EC               | CORP              | RU        |      2645 | NS      | $26.45        | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Yadea Group Holdings Ltd       | Yadea Group Holdings Ltd                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |     34000 | NS      | $77468.41     | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Ganfeng Lithium Group Co Ltd   | Ganfeng Lithium Group Co Ltd                            | CUSIP: N/A<br>LEI: 3003006BE6UOHWEOOR42       | Long             | EC               | CORP              | CN        |      7400 | NS      | $67310.92     | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-03-30

**Name of Applicant:** ETF Series Solutions

**Signature:** /s/ Kristen Weitzel

**Name of Signer:** ETF Series Solutions

**Title:** Treasurer