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

Vident International Equity Strategy ETFTM
Schedule of Investments
November 30, 2024 (Unaudited)
COMMON STOCKS - 96.8%	Shares		Value
Australia - 6.2%
AGL Energy, Ltd.		240,060	$	1,751,532
BlueScope Steel, Ltd.		114,561		1,651,576
JB Hi-Fi, Ltd.		36,994		2,189,699
Metcash, Ltd.		649,039		1,319,185
MMG, Ltd. (a)		4,920,000		1,669,179
New Hope Corporation, Ltd.		283,439		867,836
Orica, Ltd.		141,757		1,672,412
Origin Energy, Ltd.		231,949		1,642,489
Qantas Airways, Ltd. (a)		408,861		2,335,907
QBE Insurance Group, Ltd.		145,967		1,901,801
Super Retail Group, Ltd.		73,663		706,858
Tabcorp Holdings, Ltd.		883,725		308,000
Whitehaven Coal, Ltd.		312,871		1,341,132
Yancoal Australia, Ltd.		360,682		1,452,089
				20,809,695
Austria - 0.4%
OMV AG		26,463		1,059,873
voestalpine AG		16,863		326,292
				1,386,165
Belgium - 0.8%
KBC Group NV		20,995		1,513,217
Proximus SADP		29,947		193,892
Solvay SA		29,588		1,022,216
				2,729,325
Brazil - 2.4%
Cia de Saneamento de Minas Gerais Copasa MG		316,614		1,334,194
Marfrig Global Foods SA (a)		636,428		1,973,032
Pagseguro Digital, Ltd. - Class A (a)		113,618		833,956
Telefonica Brasil SA		183,535		1,514,844
TIM SA		443,078		1,150,245
Vibra Energia SA		321,898		1,102,529
				7,908,800
Canada - 6.6%
Air Canada (a)		90,541		1,614,044
Celestica, Inc. (a)		31,167		2,679,407
Cenovus Energy, Inc.		80,610		1,276,956
Empire Company, Ltd.		46,813		1,403,571
George Weston, Ltd.		10,448		1,679,336
Hudbay Minerals, Inc.		199,408		1,778,814
iA Financial Corporation, Inc.		24,633		2,354,486
Kinross Gold Corporation		188,869		1,849,369
Loblaw Companies, Ltd.		13,085		1,698,064
Manulife Financial Corporation		62,495		2,011,677
Parex Resources, Inc.		48,608		519,703
Sun Life Financial, Inc.		28,831		1,774,358
Suncor Energy, Inc.		41,384		1,646,611
				22,286,396
Chile - 1.1%
Cencosud SA		867,832		1,822,514
Latam Airlines Group SA (a)		126,360,639		1,749,957
				3,572,471
China - 6.6%
3SBio, Inc. (b)		2,006,500		1,474,922
Anhui Conch Cement Company, Ltd. – H-Shares		668,500		1,743,939
China Life Insurance Company, Ltd. – H-Shares		1,204,000		2,277,552
China Pacific Insurance Group Company, Ltd. – H-Shares		649,600		2,041,074
China Resources Pharmaceutical Group, Ltd. (b)		2,372,500		1,600,661
COSCO SHIPPING Holdings Company, Ltd. – H-Shares		1,156,000		1,616,295
Hisense Home Appliances Group Company, Ltd.		509,000		1,435,775
JD.com, Inc. - Class A		125,400		2,317,343
Jiangxi Copper Company, Ltd. – H-Shares		595,000		954,257
Lenovo Group, Ltd.		1,248,000		1,461,056
People's Insurance Company Group of China, Ltd. – H-Shares		4,341,000		2,069,653
Sinopharm Group Company, Ltd. – H-Shares		505,600		1,318,976
ZTE Corporation – H-Shares		717,000		1,743,308
				22,054,811
Denmark - 2.3%
AP Moller - Maersk AS - Class B		1,032		1,750,205
Bavarian Nordic AS (a)		59,984		1,642,955
D/S Norden AS		36,954		1,113,697
H Lundbeck AS		270,813		1,687,547
ROCKWOOL AS - Class B		3,844		1,401,283
Svitzer Group AS (a)		1,587		50,649
				7,646,336
Finland - 1.1%
Fortum Oyj		109,128		1,644,199
Nokia Oyj		420,508		1,767,458
Outokumpu Oyj		127,170		426,859
				3,838,516
France - 1.6%
Bouygues SA		14,942		444,414
Cie de Saint-Gobain SA		19,480		1,776,427
Cie Generale des Etablissements Michelin SCA		41,194		1,337,905
Renault SA		33,359		1,428,026
Societe Generale SA		13,013		344,914
				5,331,686
Germany - 5.4%
Allianz SE		5,746		1,773,341
Aurubis AG		6,166		485,184
Bayerische Motoren Werke AG		16,639		1,230,540
Deutsche Bank AG		103,172		1,751,589
Deutsche Lufthansa AG		175,020		1,171,249
Freenet AG		21,960		678,661
Fresenius Medical Care AG		27,238		1,196,781
Fresenius SE & Company KGaA (a)		46,703		1,641,133
Heidelberg Materials AG		15,000		1,891,655
HelloFresh SE (a)		257,322		3,141,818
K+S AG		75,529		894,663
Mercedes-Benz Group AG		23,308		1,303,765
Schaeffler AG (a)		27,583		130,021
Suedzucker AG		19,247		222,193
Talanx AG		8,963		759,231
				18,271,824
Hong Kong - 7.4%
Bosideng International Holdings, Ltd.		184,000		95,765
Cathay Pacific Airways, Ltd.		1,549,000		1,932,878
China Overseas Land & Investment, Ltd.		362,000		620,581
China Taiping Insurance Holdings Company, Ltd.		1,662,600		2,623,735
GCL Technology Holdings, Ltd. (a)		11,407,000		2,125,560
Geely Automobile Holdings, Ltd.		1,620,000		2,885,441
Kingboard Holdings, Ltd.		783,500		1,880,831
Kunlun Energy Company, Ltd.		1,566,000		1,477,140
Orient Overseas International, Ltd.		120,000		1,532,857
Pacific Basin Shipping, Ltd.		5,056,000		1,202,023
Sino Biopharmaceutical, Ltd.		3,990,000		1,666,442
Sino Land Company, Ltd.		1,234,000		1,208,381
SITC International Holdings Company, Ltd.		738,000		1,920,504
WH Group, Ltd. (b)		2,456,000		1,947,365
Xinyi Glass Holdings, Ltd.		1,518,000		1,582,073
				24,701,576
Indonesia - 1.8%
Adaro Energy Indonesia Tbk PT		8,376,000		1,099,532
Astra International Tbk PT		5,838,800		1,879,324
Bank Negara Indonesia Persero Tbk PT		4,357,200		1,369,445
Telkom Indonesia Persero Tbk PT		399,600		68,344
United Tractors Tbk PT		1,052,600		1,778,691
				6,195,336
Ireland - 2.6%
AerCap Holdings NV		19,984		1,985,610
Alkermes PLC (a)		65,673		1,905,831
DCC PLC		13,879		1,009,943
ICON PLC (a)		5,791		1,217,558
Medtronic PLC		23,508		2,034,382
TE Connectivity PLC		4,216		637,122
				8,790,446
Israel - 3.1%
Bezeq The Israeli Telecommunication Corporation, Ltd.		515,293		738,998
ICL Group, Ltd.		245,216		1,106,141
Inmode, Ltd. (a)		34,519		674,156
Israel Discount Bank, Ltd. - Class A		287,097		1,884,157
Plus500, Ltd.		11,718		382,185
Teva Pharmaceutical Industries, Ltd. (a)		95,921		1,576,939
Tower Semiconductor, Ltd. (a)		38,189		1,799,848
ZIM Integrated Shipping Services, Ltd.		92,913		2,047,802
				10,210,226
Italy - 0.5%
Iveco Group NV		157,877		1,579,120
Japan - 0.6%
Alps Alpine Company, Ltd.		121,600		1,249,318
Subaru Corporation		36,200		580,053
Suzuken Company, Ltd.		1,200		37,410
				1,866,781
Malaysia - 1.6%
CIMB Group Holdings Bhd		380,500		706,215
MISC Bhd		874,500		1,426,350
Telekom Malaysia Bhd		1,094,300		1,563,285
YTL Corporation Bhd		2,075,200		971,072
YTL Power International Bhd		881,400		674,187
				5,341,109
Mexico - 1.2%
America Movil SAB de CV (a)		690,150		514,061
Arca Continental SAB de CV		141,810		1,207,335
Cemex SAB de CV		1,917,952		1,073,576
Qualitas Controladora SAB de CV		161,885		1,228,101
				4,023,073
Netherlands - 2.2%
Aegon, Ltd.		252,322		1,626,199
ING Groep NV		9,157		141,767
Koninklijke Ahold Delhaize NV		50,628		1,745,904
NN Group NV		32,019		1,486,998
Randstad NV		26,199		1,151,407
Stellantis NV		88,023		1,165,471
				7,317,746
Norway - 4.0%
DNO ASA		1,335,690		1,233,623
Equinor ASA		61,789		1,493,478
Hoegh Autoliners ASA		153,325		1,778,083
Leroy Seafood Group ASA		200,747		935,206
Norsk Hydro ASA		296,239		1,830,265
Norwegian Air Shuttle ASA (a)		1,638,828		1,667,032
Orkla ASA		156,022		1,438,173
Storebrand ASA		163,318		1,790,555
Var Energi ASA		332,062		1,089,176
Yara International ASA		9,635		270,710
				13,526,301
Peru - 0.5%
Credicorp, Ltd.		9,540		1,769,384
Poland - 1.6%
Bank Polska Kasa Opieki SA		39,114		1,305,452
ORLEN SA		98,577		1,237,442
Powszechna Kasa Oszczednosci Bank Polski SA		106,302		1,462,050
Powszechny Zaklad Ubezpieczen SA		130,319		1,417,225
				5,422,169
Portugal - 0.5%
Banco Comercial Portugues SA		3,819,210		1,806,359
Galp Energia SGPS SA		3,068		50,340
				1,856,699
Russia - 0.0%(c)
Severstal PAO - GDR (a)(d)		24,074		0
Singapore - 6.3%
ComfortDelGro Corporation, Ltd.		584,900		636,970
DBS Group Holdings, Ltd.		59,040		1,868,547
Genting Singapore, Ltd.		2,581,400		1,472,995
Hafnia, Ltd.		209,200		1,205,458
Jardine Cycle & Carriage, Ltd.		75,000		1,580,390
Keppel REIT		722,700		460,902
NETLINK NBN TRUST		716,900		462,551
Oversea-Chinese Banking Corporation, Ltd.		143,800		1,746,216
SATS, Ltd.		660,200		1,851,603
Sembcorp Industries, Ltd.		236,200		919,676
Singapore Airlines, Ltd.		307,500		1,447,302
Singapore Technologies Engineering, Ltd.		262,000		879,424
Singapore Telecommunications, Ltd.		715,400		1,654,227
United Overseas Bank, Ltd.		65,919		1,787,801
UOL Group, Ltd.		130,900		517,488
Venture Corporation, Ltd.		104,500		1,003,181
Wilmar International, Ltd.		699,700		1,607,486
				21,102,217
South Africa - 0.8%
Harmony Gold Mining Company, Ltd.		52,591		480,383
The Foschini Group, Ltd.		223,745		2,111,387
				2,591,770
South Korea - 6.7%
CJ Corporation		17,933		1,234,055
DB Insurance Company, Ltd.		21,320		1,668,860
Doosan Bobcat, Inc.		49,995		1,390,492
Hankook Tire & Technology Company, Ltd.		40,290		1,087,358
HD Korea Shipbuilding & Offshore Engineering Company, Ltd. (a)		12,010		1,760,543
Hyundai Glovis Company, Ltd.		18,675		1,646,554
Hyundai Marine & Fire Insurance Company, Ltd.		65,503		1,248,973
Hyundai Mobis Company, Ltd.		9,788		1,680,388
Hyundai Wia Corporation		29,173		852,156
Kia Corporation		19,195		1,278,245
KT Corporation		58,929		2,061,385
LG Innotek Company, Ltd.		8,541		991,210
LG Uplus Corporation		195,887		1,627,419
NongShim Company, Ltd.		4,768		1,175,723
Samsung Fire & Marine Insurance Company, Ltd.		4,433		1,247,233
SK Telecom Company, Ltd.		38,759		1,705,890
				22,656,484
Spain - 1.5%
Banco Bilbao Vizcaya Argentaria SA		146,399		1,381,744
Banco Santander SA		322,277		1,489,373
CaixaBank SA		32,275		175,421
Mapfre SA		69,981		181,828
Repsol SA		14,871		185,733
Telefonica SA		356,500		1,613,831
				5,027,930
Sweden - 0.4%
Volvo Car AB (a)		554,641		1,211,754
Switzerland - 5.9%
Chubb, Ltd.		6,174		1,782,619
Glencore PLC		286,239		1,382,352
Guess?, Inc.		69,271		1,140,201
Helvetia Holding AG		4,750		832,463
Holcim AG		17,061		1,737,860
Julius Baer Group, Ltd.		30,082		1,990,670
Novartis AG		14,651		1,551,077
Sandoz Group AG		40,587		1,849,219
STMicroelectronics NV		34,280		878,733
Swatch Group AG		7,976		1,448,083
Swiss Re AG		13,258		1,958,602
Swisscom AG		93		53,678
UBS Group AG		52,814		1,707,313
Zurich Insurance Group AG		2,994		1,898,352
				20,211,222
Taiwan - 6.9%
Arcadyan Technology Corporation		39,000		198,704
ASE Technology Holding Company, Ltd.		307,000		1,431,841
Compal Electronics, Inc.		1,317,000		1,494,057
Compeq Manufacturing Company, Ltd.		128,000		239,978
Eva Airways Corporation		1,552,000		1,985,211
Hon Hai Precision Industry Company, Ltd.		260,000		1,564,819
L&K Engineering Company, Ltd.		209,000		1,479,851
Pegatron Corporation		498,000		1,445,722
Pou Chen Corporation		1,481,000		1,860,198
Powertech Technology, Inc.		287,000		1,082,335
Primax Electronics, Ltd.		566,000		1,374,793
Radiant Opto-Electronics Corporation		290,000		1,700,736
Simplo Technology Company, Ltd.		122,000		1,415,941
Taiwan Surface Mounting Technology Corporation		415,000		1,322,307
Tong Yang Industry Company, Ltd.		540,000		1,969,953
Tripod Technology Corporation		246,000		1,431,333
Zhen Ding Technology Holding, Ltd.		383,000		1,350,045
				23,347,824
Thailand - 1.4%
Kasikornbank PCL		453,600		1,990,431
PTT Exploration & Production PCL		233,000		866,171
TMBThanachart Bank PCL		35,067,200		1,799,497
				4,656,099
United Kingdom - 3.5%
BT Group PLC		88,380		178,951
Centrica PLC		466,126		754,807
easyJet PLC		172,700		1,213,455
J Sainsbury PLC		266,030		883,216
Janus Henderson Group PLC		44,564		2,017,858
Kingfisher PLC		454,206		1,428,865
Marks & Spencer Group PLC		388,040		1,887,549
Tesco PLC		385,287		1,794,333
Vodafone Group PLC		1,689,177		1,521,816
				11,680,850
United States - 1.3%
CRH PLC		23,411		2,394,243
Jazz Pharmaceuticals PLC (a)		16,806		2,043,442
				4,437,685
TOTAL COMMON STOCKS (Cost $304,308,517)				325,359,826
PREFERRED STOCKS - 1.9%	Shares		Value
Brazil - 1.2%
Cia Energetica de Minas Gerais		857,455		1,684,564
Metalurgica Gerdau SA		855,043		1,629,703
Petroleo Brasileiro SA		98,814		648,593
				3,962,860
Chile - 0.5%
Embotelladora Andina SA		503,339		1,473,539
Germany - 0.2%
Volkswagen AG		8,918		760,318
TOTAL PREFERRED STOCKS (Cost $5,660,954)				6,196,717
TOTAL INVESTMENTS - 98.7% (Cost $309,969,471)				331,556,543
Other Assets in Excess of Liabilities – 1.3%				4,343,104
TOTAL NET ASSETS - 100.0%			$	335,899,647
two				–	%
Percentages are stated as a percent of net assets.				–	%

AB - Aktiebolag

AG - Aktiengesellschaft

AS - Aksjeselskap

ASA - Advanced Subscription Agreement

GDR - Global Depositary Receipt

KGaA - Kommanditgesellschaft auf Aktien

NV - Naamloze Vennootschap

OYJ - Julkinen Asakeyhtio

PCL - Public Company Limited

PLC - Public Limited Company

SA - Sociedad Anónima

SAB de CV - Sociedad Anónima Bursátil de Capital Variable

SE - Societas Europeae

(a)	Non-income producing security.
(b)	Security is exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may only be resold in transactions exempt from registration to qualified institutional investors. As of November 30, 2024, the value of these securities total $5,022,948 or 1.5% of the Fund’s net assets.
(c)	Represents less than 0.05% of net assets.
(d)	Fair value determined using significant unobservable inputs in accordance with procedures established by and under the supervision of the Adviser, acting as Valuation Designee. These securities represented $0 or 0.0% of net assets as of November 30, 2024.

Summary of Fair Value Disclosure as of November 30, 2024 (Unaudited)

Vident International Equity Strategy ETF^TM has adopted authoritative fair value accounting standards which establish an authoritative definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value, a discussion of changes in valuation techniques and related inputs during the period, and expanded disclosure of valuation levels for major security types. These inputs are summarized in the three broad levels listed below. The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities.

Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access.

Level 2 - Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data.

Level 3 - Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Fund’s own assumptions about the assumptions a market participant would use in valuing the asset or liability, and would be based on the best information available.

The following is a summary of the fair valuation hierarchy of the Fund’s securities as of November 30, 2024:

	Level 1		Level 2		Level 3			Total
Investments:
Common Stocks	$	325,359,826	$	–	$	–	(a)	$	325,359,826
Preferred Stocks		6,196,717		–		–			6,196,717
Total Investments	$	331,556,543	$	–	$	–	(a)	$	331,556,543
Refer to the Schedule of Investments for further disaggregation of investment categories.

(a) Amount is less than $0.50.