# EDGAR Filing Document

**Accession Number:** 0001969674
**File Stem:** 0001542826-26-000003
**Filing Date:** 2026-3
**Character Count:** 11637
**Document Hash:** 9c4392802e261eab610af711d1060b4a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001542826-26-000003.hdr.sgml**: 20260319

**ACCESSION NUMBER**: 0001542826-26-000003

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13D

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20260319

**DATE AS OF CHANGE**: 20260319

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** 2023 ETF Series Trust
- **CENTRAL INDEX KEY:** 0001969674

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-95549
- **FILM NUMBER:** 26774013

**BUSINESS ADDRESS:**
- **STREET 1:** 234 WEST FLORIDA STREET
- **STREET 2:** SUITE 700
- **CITY:** MILWAUKEE
- **STATE:** WI
- **BUSINESS PHONE:** (833) 782-2211

**MAIL ADDRESS:**
- **STREET 1:** 234 WEST FLORIDA STREET
- **STREET 2:** SUITE 700
- **CITY:** MILWAUKEE
- **STATE:** WI
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Harrison Street Private Wealth LLC
- **CENTRAL INDEX KEY:** 0001542826

**ORGANIZATION NAME:**
- **EIN:** 208672981
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13D

**BUSINESS ADDRESS:**
- **STREET 1:** 5050 S. SYRACUSE ST., SUITE 1100
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80237
- **BUSINESS PHONE:** 720-543-0189

**MAIL ADDRESS:**
- **STREET 1:** 5050 S. SYRACUSE ST., SUITE 1100
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80237

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Versus Capital Advisors LLC
- **DATE OF NAME CHANGE:** 20120217

### Attached PDF Documents

**Attachment 1:** `JtFlngAgmt_VCRRX_HSPW.pdf`

_No text found in this document._

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13D

### Under the Securities Exchange Act of 1934

**2023 ETF Series Trust**

*(Name of Issuer)*

**Harrison Street Infrastructure Active ETF**

*(Title of Class of Securities)*

**—**

*(CUSIP Number)*

**Jillian Varner**<br>5050 S Syracuse St<br>Suite 1100<br>Denver CO 80237-2702<br>303-209-1045

*(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)*

**01/30/2026**

*(Date of Event Which Requires Filing of this Statement)*

| **CUSIP No.** | **—** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Harrison Street Private Wealth LLC** | Name of reporting person<br>**Harrison Street Private Wealth LLC** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**OO** | Source of funds (See Instructions)<br>**OO** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**DELAWARE** | Citizenship or place of organization<br>**DELAWARE** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**3822021.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**3822021.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**3822021.00** | Aggregate amount beneficially owned by each reporting person<br>**3822021.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**89.9%** | Percent of class represented by amount in Row (11)<br>**89.9%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IA** | Type of Reporting Person (See Instructions)<br>**IA** | |

---

| **CUSIP No.** | **—** |

---

| | | | |
|:--|:--|:--|:--|
| 1 | Name of reporting person<br>**Harrison Street Real Assets Fund LLC** | Name of reporting person<br>**Harrison Street Real Assets Fund LLC** | |
| 2 | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | Check the appropriate box if a member of a Group (See Instructions)<br>[x] (a)<br>[ ] (b) | |
| 3 | SEC use only | SEC use only | |
| 4 | Source of funds (See Instructions)<br>**WC** | Source of funds (See Instructions)<br>**WC** | |
| 5 | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)<br>[ ] | |
| 6 | Citizenship or place of organization<br>**DELAWARE** | Citizenship or place of organization<br>**DELAWARE** | |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 7 | Sole Voting Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 8 | Shared Voting Power<br>**3822021.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 9 | Sole Dispositive Power<br>**0.00** |
| Number of Shares<br>Beneficially Owned by<br>Each Reporting Person With: | 10 | Shared Dispositive Power<br>**3822021.00** |
| 11 | Aggregate amount beneficially owned by each reporting person<br>**3822021.00** | Aggregate amount beneficially owned by each reporting person<br>**3822021.00** | |
| 12 | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)<br>[ ] | |
| 13 | Percent of class represented by amount in Row (11)<br>**89.9%** | Percent of class represented by amount in Row (11)<br>**89.9%** | |
| 14 | Type of Reporting Person (See Instructions)<br>**IV** | Type of Reporting Person (See Instructions)<br>**IV** | |

---

**Item 1. Security and Issuer**

**(a) Title of Class of Securities:**
Harrison Street Infrastructure Active ETF

**(b) Name of Issuer:**
2023 ETF Series Trust

**(c) Address of Issuer's Principal Executive Offices:**
234 WEST FLORIDA STREET, SUITE 700, MILWAUKEE, WI, 53204

**Item 4. Purpose of Transaction**

The shares reported herein were acquired for investment purposes, in the ordinary course of business and not for the purpose of changing or influencing the control of NFRX.

The Reporting Persons may seek to acquire additional securities of NFRX (which may include rights or securities exercisable, exchangeable or convertible into securities of NFRX) and/or may dispose of some or all of their shares, from time to time, by selling such shares on the secondary market or otherwise, depending on price, market liquidity, developments affecting NFRX, NFRX?s business and prospects, other investment and business opportunities available to the Reporting Persons, general stock market and economic conditions, tax considerations and other factors deemed relevant.

The Reporting Persons intend to review their investment in NFRX on an ongoing basis and, in the course of their review, may take actions (including through their affiliates) with respect to their investment or NFRX, including communicating with the board of trustees of NFRX (the "Board"), members of management or other security-holders of NFRX, or other third parties from time to time, taking steps to implement a course of action, including, without limitation, engaging advisors, including legal, financial, regulatory, technical and/or industry advisors, to assist in any review, and evaluating strategic alternatives as they may become available. The Reporting Persons may engage in discussions with management, the Board, and other securityholders of NFRX and other relevant parties or encourage, cause or seek to cause NFRX or such persons to consider or explore extraordinary corporate transactions, such as: a merger, acquisition or reorganization which could in the future result in, among other things, a de-listing or de-registration of shares; security offerings and/or stock repurchases by NFRX; sales or acquisitions of assets; changes to the capitalization or dividend policy of NFRX; or other material changes to NFRX's business or corporate structure, including changes in management or the composition of the Board.

HSPW acts as NFRX's investment adviser. HSPW is responsible for the day-to-day management of NFRX operating under the direction of the Board of Trustees. Except as described in this Schedule 13D, the Reporting Persons, and, to the best knowledge of each of the Reporting Persons, without independent verification, the persons identified in Item 2, do not have any present plans or proposals that relate to or would result in any of the actions described in subparagraphs (a) through (j) of Item 4 of Schedule 13D, although, the Reporting Persons, at any time and from time to time, may review, reconsider and change their position and/or change their purpose and/or develop such plans.

**Item 5. Interest in Securities of the Issuer**

**(a)**
As of March 13, 2026, VCRRX owns 3,822,021 shares NFRX, which accounts for 89.93% of total outstanding shares. This calculation is based on 4,250,000 total outstanding shares of NFRX, as reported to the Reporting Persons by NFRX's administrator as of March 12, 2026.

**(b)**
As of March 13, 2026, VCRRX owns 3,822,021 shares NFRX, which accounts for 89.93% of total outstanding shares. This calculation is based on 4,250,000 total outstanding shares of NFRX, as reported to the Reporting Persons by NFRX's administrator as of March 12, 2026.

**(c)**
VCRRX transacted in shares of NFRX as follows.

On January 30, 2026, VCRRX purchased from an authorized participant 397,193 shares at an average price of $25.1767 per share.
On February 2, 2026, VCRRX purchased from an authorized participant 399,520 shares at an average price of $25.03 per share.
On February 5, 2026, VCRRX purchased from an authorized participant 390,320 shares at an average price of $25.62 per share.
On February 6, 2026, VCRRX purchased from an authorized participant 386,996 shares at an average price of $25.84 per share.
On February 9, 2026, VCRRX purchased from an authorized participant 383,729 shares at an average price of $26.06 per share.
On February 10, 2026, VCRRX purchased from an authorized participant 378,931 shares at an average price of $26.39 per share.
On February 12, 2026, VCRRX purchased from an authorized participant 1,485,332 shares at an average price of $26.93 per share.

**Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.**

N/A

### SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Harrison Street Private Wealth LLC

**Signature:** /s/ Jillian Varner

**Name/Title:** Jillian Varner, Chief Compliance Officer

**Date:** 03/19/2026

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Reporting Person:** Harrison Street Real Assets Fund LLC

**Signature:** /s/ Jillian Varner

**Name/Title:** Jillian Varner, Chief Compliance Officer

**Date:** 03/19/2026