ETF Series Solutions (HOMZ) NPORT-P Vident International Equity Strategy ETF (May 2024 report)

Vident International Equity Strategy ETF
Schedule of Investments
May 31, 2024 (Unaudited)
Shares		Security Description	Value
COMMON STOCKS - 97.7%
		Australia - 3.4%
	113,523	BlueScope Steel, Ltd.	$	1,596,034
	91,421	Fortescue, Ltd.		1,504,177
	46,109	JB Hi-Fi, Ltd.		1,785,606
	309,781	New Hope Corporation, Ltd.		1,023,916
	483,300	Qantas Airways, Ltd. (a)		1,976,720
	40,879	Sonic Healthcare, Ltd.		661,448
	93,015	Super Retail Group, Ltd.		809,740
	882,446	Tabcorp Holdings, Ltd.		360,925
	325,368	Whitehaven Coal, Ltd.		1,744,067
	351,757	Yancoal Australia, Ltd.		1,511,223
				12,973,856
		Austria - 0.2%
	3,687	OMV AG		185,080
	18,511	voestalpine AG		539,766
				724,846
		Belgium - 0.7%
	46,929	Proximus SADP		368,340
	62,869	Solvay SA		2,295,266
				2,663,606
		Brazil - 2.4%
	386,348	Cia de Saneamento de Minas Gerais Copasa MG		1,481,925
	637,394	Marfrig Global Foods SA (a)		1,369,175
	132,679	Pagseguro Digital, Ltd. - Class A (a)		1,625,318
	169,024	Telefonica Brasil SA		1,412,111
	493,521	TIM SA		1,493,939
	367,705	Vibra Energia SA		1,503,464
				8,885,932
		Canada - 6.0%
	42,293	Air Canada (a)		564,672
	16,820	Alimentation Couche-Tard, Inc. (a)		981,573
	43,793	Celestica, Inc. (a)		2,447,705
	57,220	Empire Company, Ltd. - Class A (a)		1,355,415
	1,760	Fairfax Financial Holdings, Ltd. (a)		1,980,989
	13,579	George Weston, Ltd. (a)		1,928,942
	30,039	Great-West Lifeco, Inc.		900,850
	25,631	iA Financial Corporation, Inc. (a)		1,668,558
	17,542	Loblaw Companies, Ltd. (a)		2,037,119
	27,166	Magna International, Inc. (a)		1,228,812
	79,705	Manulife Financial Corporation (a)		2,069,880
	53,195	Parex Resources, Inc. (a)		872,958
	19,198	Stelco Holdings, Inc. (a)		574,046
	33,359	Sun Life Financial, Inc. (a)		1,671,682
	54,083	Suncor Energy, Inc. (a)		2,205,931
				22,489,132
		Chile - 1.3%
	1,010,428	Cencosud SA		1,895,941
	12,931,500	Enel Americas SA		1,278,033
	142,728,555	Latam Airlines Group SA		1,918,603
				5,092,577
		China - 5.2%
	2,252,500	3SBio, Inc.		1,756,313
	673,000	AAC Technologies Holdings, Inc.		2,068,890
	1,590,000	China Coal Energy Company, Ltd. - H-Shares		2,001,892
	2,704,000	China Resources Pharmaceutical Group, Ltd.		2,001,209
	1,626,000	COSCO SHIPPING Holdings Company, Ltd. - H-Shares		2,714,382
	1,328,000	Lenovo Group, Ltd.		1,904,575
	1,368,000	PICC Property & Casualty Company, Ltd. - H-Shares		1,776,589
	559,600	Sinopharm Group Company, Ltd. - H-Shares		1,516,425
	4,852,000	The People's Insurance Company Group of China, Ltd. - H-Shares		1,686,930
	991,800	Xiaomi Corporation (a)		2,216,015
				19,643,220
		Denmark - 3.1%
	914	AP Moller - Maersk AS - Class B		1,658,202
	35,253	Bavarian Nordic A/S (a)		948,450
	32,601	D/S Norden AS		1,579,113
	33,396	Demant AS (a)		1,599,151
	343,767	H Lundbeck AS (a)		1,888,274
	24,665	NKT A/S (a)		2,128,800
	11,949	Pandora AS		1,954,776
	1,798	Svitzer A/S (a)		70,526
				11,827,292
		Finland - 1.0%
	127,582	Fortum OYJ		1,941,119
	89,027	Nokia OYJ		347,062
	167,228	Outokumpu OYJ		692,403
	23,837	UPM-Kymmene OYJ		909,592
				3,890,176
		France - 1.3%
	17,141	Bouygues SA		669,897
	25,369	Cie de Saint-Gobain SA		2,219,220
	51,684	Cie Generale des Etablissements Michelin SCA		2,084,417
				4,973,534
		Germany - 5.0%
	6,468	Aurubis AG		545,232
	17,178	Bayerische Motoren Werke AG		1,737,661
	133,233	Deutsche Bank AG		2,202,253
	207,030	Deutsche Lufthansa AG		1,443,355
	69,238	Deutsche Telekom AG		1,675,422
	107,014	E.ON SE		1,426,621
	26,528	Freenet AG		690,595
	33,543	Fresenius Medical Care AG & Company KGaA		1,426,711
	60,505	Fresenius SE & Company KGaA (a)		1,923,233
	19,238	Heidelberg Materials AG		1,999,089
	95,125	K+S AG		1,394,113
	11,905	Mercedes-Benz Group AG		858,158
	20,417	Suedzucker AG		312,079
	14,518	Talanx AG		1,152,898
				18,787,420
		Hong Kong - 6.7%
	2,894,000	Bosideng International Holdings, Ltd.		1,672,031
	1,152,600	China Taiping Insurance Holdings Company, Ltd.		1,244,923
	3,678,000	China Traditional Chinese Medicine Holdings Company, Ltd.		1,983,953
	12,738,000	GCL Technology Holdings, Ltd.		2,377,176
	1,716,000	Geely Automobile Holdings, Ltd.		2,077,182
	892,000	Kingboard Holdings, Ltd.		2,164,055
	1,946,000	Kunlun Energy Company, Ltd.		2,019,790
	115,500	Orient Overseas International, Ltd.		1,960,592
	5,586,000	Pacific Basin Shipping, Ltd.		1,963,545
	4,636,000	Sino Biopharmaceutical, Ltd.		1,682,941
	1,398,000	Sino Land Company, Ltd.		1,483,175
	1,092,000	SITC International Holdings Company, Ltd.		2,791,643
	2,810,000	WH Group, Ltd. (b)		1,910,844
				25,331,850
		Indonesia - 2.1%
	11,690,400	Adaro Energy Indonesia Tbk PT		1,992,763
	5,463,200	Astra International Tbk PT		1,442,285
	4,396,700	Bank Mandiri Persero Tbk PT		1,596,340
	5,109,100	Bank Negara Indonesia Persero Tbk PT		1,383,387
	1,193,000	United Tractors Tbk PT		1,620,645
				8,035,420
		Ireland - 0.3%
	2,264	CRH plc (a)		185,104
	13,372	DCC plc		968,739
				1,153,843
		Israel - 3.7%
	92,565	Bank Hapoalim BM		845,956
	1,169,255	Bezeq The Israeli Telecommunication Corporation, Ltd.		1,404,879
	14,232	Delek Group, Ltd.		1,617,421
	266,778	ICL Group, Ltd.		1,241,278
	39,415	Inmode, Ltd. (a)		754,009
	378,879	Israel Discount Bank, Ltd. - Class A		1,933,960
	34,673	Perion Network, Ltd. (a)		433,413
	13,453	Plus500, Ltd.		382,991
	148,314	Teva Pharmaceutical Industries, Ltd. (a)		2,447,781
	126,334	ZIM Integrated Shipping Services, Ltd. (a)		2,847,568
				13,909,256
		Italy - 0.7%
	350,507	A2A SpA		734,004
	88,687	Iveco Group NV		1,056,657
	25,787	Leonardo SpA		659,827
	85,733	UnipolSai Assicurazioni SpA		235,844
				2,686,332
		Japan - 0.8%
	148,100	Mazda Motor Corporation		1,562,097
	43,900	Suzuken Company, Ltd.		1,325,842
				2,887,939
		Malaysia - 2.4%
	1,347,800	CIMB Group Holdings Bhd		1,958,562
	831,000	Malayan Banking Bhd		1,753,098
	597,000	MISC Bhd		1,057,782
	1,166,300	Petronas Chemicals Group Bhd		1,662,603
	3,480,500	YTL Corporation Bhd		2,654,556
				9,086,601
		Mexico - 2.2%
	163,785	Arca Continental SAB de CV		1,670,456
	2,149,532	Cemex SAB de CV (a)		1,612,133
	129,058	Fomento Economico Mexicano SAB de CV		1,470,959
	131,132	Grupo Financiero Banorte SAB de CV - Class O		1,239,309
	177,202	Qualitas Controladora SAB de CV		2,262,525
				8,255,382
		Netherlands - 2.8%
	289,888	Aegon, Ltd.		1,870,590
	10,723	ING Groep NV		190,492
	62,394	Koninklijke Ahold Delhaize NV		1,933,154
	42,711	NN Group NV		1,984,046
	30,891	Randstad NV		1,623,106
	82,867	Stellantis NV		1,817,200
	32,960	STMicroelectronics NV		1,354,503
				10,773,091
		Norway - 5.1%
	65,649	Aker BP ASA		1,680,992
	1,532,965	DNO ASA		1,704,989
	61,047	Equinor ASA		1,760,510
	246,673	Leroy Seafood Group ASA		1,080,973
	97,956	Mowi ASA		1,751,754
	294,646	Norsk Hydro ASA		1,989,830
	220,290	Orkla ASA		1,752,620
	180,201	Storebrand ASA		1,945,884
	150,345	Telenor ASA		1,752,334
	581,173	Var Energi ASA		2,055,942
	52,943	Yara International ASA		1,637,966
				19,113,794
		Poland - 2.7%
	48,034	Bank Polska Kasa Opieki SA		1,952,106
	13,537	KGHM Polska Miedz SA		521,606
	366	LPP SA		1,611,999
	116,334	ORLEN SA		1,878,423
	144,301	Powszechna Kasa Oszczednosci Bank Polski SA		2,175,694
	151,284	Powszechny Zaklad Ubezpieczen SA		1,921,311
				10,061,139
		Portugal - 0.7%
	5,943,345	Banco Comercial Portugues SA - Class R (a)		2,398,243
	3,526	Galp Energia SGPS SA		73,934
				2,472,177
		Republic of Korea - 7.4%
	26,190	CJ Corporation		2,608,502
	28,887	DB Insurance Company, Ltd.		2,159,405
	33,168	Doosan Bobcat, Inc.		1,382,250
	47,084	Hankook Tire & Technology Company, Ltd.		1,491,194
	13,639	Hyundai Glovis Company, Ltd.		1,768,228
	76,337	Hyundai Marine & Fire Insurance Company, Ltd.		1,808,424
	11,113	Hyundai Mobis Company, Ltd.		1,721,670
	32,519	Hyundai Wia Corporation		1,305,880
	25,035	Kia Corporation		2,128,215
	68,079	KT Corporation		1,799,640
	233,531	LG Uplus Corporation		1,627,658
	5,737	NongShim Company, Ltd.		1,903,977
	23,589	OCI Holdings Company, Ltd.		1,650,915
	19,451	Samsung C&T Corporation		1,897,967
	8,943	Samsung SDS Company, Ltd.		989,540
	47,131	SK Telecom Company, Ltd.		1,736,074
				27,979,539
		Russian Federation - 0.0% (e)
	24,074	Severstal PAO - GDR (a)(c)		–
		Singapore - 7.2%
	933,500	ComfortDelGro Corporation, Ltd.		959,950
	80,540	DBS Group Holdings, Ltd.		2,144,436
	2,397,700	Genting Singapore, Ltd.		1,614,195
	233,156	Hafnia, Ltd.		2,041,479
	61,100	Jardine Cycle & Carriage, Ltd.		1,163,508
	1,423,700	Keppel REIT		900,542
	338,800	Keppel, Ltd.		1,684,350
	750,200	NetLink NBN Trust, Ltd.		463,429
	181,200	Oversea-Chinese Banking Corporation, Ltd.		1,945,115
	361,500	Sembcorp Industries, Ltd.		1,361,275
	352,000	Singapore Airlines, Ltd.		1,762,995
	309,700	Singapore Technologies Engineering, Ltd.		957,717
	974,000	Singapore Telecommunications, Ltd.		1,787,024
	83,019	United Overseas Bank, Ltd.		1,891,067
	335,100	UOL Group, Ltd.		1,336,235
	111,700	Venture Corporation, Ltd.		1,158,566
	704,100	Wilmar International, Ltd.		1,609,580
	1,408,300	Yangzijiang Shipbuilding Holdings, Ltd.		2,375,471
				27,156,934
		South Africa - 1.1%
	80,392	Aspen Pharmacare Holdings, Ltd.		992,160
	6,633	Harmony Gold Mining Company, Ltd.		60,212
	2,373,207	Old Mutual, Ltd.		1,339,912
	451,395	Sanlam, Ltd.		1,698,410
				4,090,694
		Spain - 1.2%
	198,944	Banco Bilbao Vizcaya Argentaria SA		2,146,776
	81,763	Mapfre SA		196,164
	16,461	Repsol SA		268,408
	424,301	Telefonica SA		1,973,761
				4,585,109
		Sweden - 3.5%
	16,826	Autoliv, Inc.		2,146,493
	81,745	Getinge AB - Class B		1,453,458
	90,658	SKF AB - Class B		1,976,560
	246,925	SSAB AB - Class B		1,427,475
	300,046	Telefonaktiebolaget LM Ericsson - Class B		1,842,408
	57,256	Trelleborg AB - Class B		2,226,610
	680,612	Volvo Car AB (a)		2,273,086
				13,346,090
		Switzerland - 4.6%
	7,987	Bunge Global SA		859,322
	7,227	Chubb, Ltd.		1,957,216
	329,830	Glencore plc		2,018,866
	5,871	Helvetia Holding AG		788,093
	23,552	Holcim AG		2,056,672
	24,762	Julius Baer Group, Ltd.		1,484,375
	5,215	Kuehne + Nagel International AG		1,476,952
	16,312	Novartis AG		1,684,630
	52,590	Sandoz Group AG		1,868,908
	6,133	Swatch Group AG		1,313,073
	15,307	Swiss Re AG		1,946,143
	108	Swisscom AG		59,642
				17,513,892
		Taiwan - 8.1%
	1,098,000	Acer, Inc.		1,793,054
	44,000	Arcadyan Technology Corporation		226,832
	398,000	ASE Technology Holding Company, Ltd.		1,928,938
	323,000	Chicony Electronics Company, Ltd.		1,859,588
	1,467,000	Compal Electronics, Inc.		1,677,852
	782,000	Compeq Manufacturing Company, Ltd.		1,767,068
	361,000	Evergreen Marine Corporation Taiwan, Ltd.		2,345,820
	485,000	Hon Hai Precision Industry Company, Ltd.		2,575,168
	339,000	L&K Engineering Company, Ltd.		2,260,419
	648,000	Pegatron Corporation		2,120,393
	375,000	Powertech Technology, Inc.		2,060,567
	392,000	Radiant Opto-Electronics Corporation		2,377,848
	134,000	Simplo Technology Company, Ltd.		1,704,266
	630,000	Tong Yang Industry Company, Ltd.		2,187,905
	304,000	Tripod Technology Corporation		1,989,504
	1,043,000	United Microelectronics Corporation		1,770,853
				30,646,075
		Thailand - 0.4%
	34,597,900	TMBThanachart Bank plc		1,589,303
		United Kingdom - 4.4%
	224,329	Barratt Developments plc		1,437,223
	102,476	BT Group plc		170,398
	951,536	Centrica plc		1,714,878
	187,390	easyJet plc		1,097,494
	96,933	International Distributions Services plc		414,923
	321,328	J Sainsbury plc		1,134,070
	59,624	Janus Henderson Group plc		1,997,404
	376,102	Kingfisher plc		1,264,655
	522,181	Marks & Spencer Group plc		2,007,826
	789,371	Taylor Wimpey plc		1,478,902
	459,356	Tesco plc		1,818,896
	2,014,959	Vodafone Group plc		1,939,996
				16,476,665
		TOTAL COMMON STOCKS (Cost $338,790,197)		369,102,716
PREFERRED STOCKS - 1.4%
		Brazil - 0.8%
	563,973	Cia Energetica de Minas Gerais		1,067,673
	542,463	Metalurgica Gerdau SA		1,104,361
	108,337	Petroleo Brasileiro SA		801,007
				2,973,041
		Chile - 0.6%
	716,858	Embotelladora Andina SA - Class B		2,208,844
		Germany - 0.0% (e)
	29,925	Schaeffler AG		192,483
		TOTAL PREFERRED STOCKS (Cost $4,544,354)		5,374,368
Principal Amount
SHORT-TERM INVESTMENTS - 0.8%
		Money Market Deposit Account - 0.8%
$	3,092,704	U.S. Bank Money Market Deposit Account, 4.21% (d)		3,092,704
		TOTAL SHORT-TERM INVESTMENTS (Cost $3,092,704)		3,092,704
		TOTAL INVESTMENTS - 99.9% (Cost $346,427,255)		377,569,788
		Other Assets in Excess of Liabilities - 0.1%		259,905
		NET ASSETS - 100.0%	$	377,829,693

Percentages are stated as a percent of net assets.
(a)	Non-income producing security.
(b)	Security exempt from registration under Rule 144(a) of the Securities Act of 1933. At May 31, 2024, the value of these securities amounted to $1,910,844 or 0.5% of net assets.
(c)	Value determined using significant unobservable inputs. Classified as Level 3 in the fair value hierarchy.
(d)	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 variable rate that is determined based on conditions and may change daily and by any amount. The rate shown is as of  May 31, 2024.
(e)	Less than 0.05% of net assets.
REIT	Real Estate Investment Trust.
GDR	Global Depositary Receipt
NVDR	Non-Voting Depositary Receipt

Summary of Fair Value Disclosure at May 31, 2024 (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 May 31, 2024:
Assets^	Level 1		Level 2		Level 3		Total
Common Stocks	$	369,102,716	$	-	$	0	$	369,102,716
Preferred Stocks		5,374,368		-		-		5,374,368
Short-Term Investments		3,092,704		-		-		3,092,704
Total Investments in Securities	$	377,569,788	$	-	$	0	$	377,569,788
^See Schedule of Investments for breakout of investments by country classification.
For the period ended May 31, 2024, the Fund did not recognize any transfers to or from Level 3.