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ETF Series Solutions Vest 2 Year Interest Rate Hedge ETF

To achieve its investment objective of hedging against increases in the 2-Year Rate, the Fund invests in various derivatives (including futures, options, interest rate swaps, and swaptions). The Fund may take long positions in interest rate swaps to seek to benefit from rising interest rates. The Fund may also invest in ETFs that invest in U.S. Treasury bills or option contracts linked to ETFs that primarily invest in U.S. Treasury securities to implement the Funds hedging strategy. The Fund invests in U.S. Treasury bills as collateral for the Funds derivatives transactions.

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