ETF SER SOLUTIONS

Ticker: TBFG CUSIP: 26922B519 Class: THE BRINSMERE FU

Holders for Q4 2025 Position Changes for Q4 2025

Note: Option positions (PUT/CALL) are excluded.

InstitutionSharesValue ($000)
Estate Counselors, LLC12,380,359$370,423
UBS Group AG130$4
Total (2 institutions)12,380,489$370,427