# EDGAR Filing Document

**Accession Number:** 0001969674
**File Stem:** 0001752724-25-210088
**Filing Date:** 2025-8
**Character Count:** 20940
**Document Hash:** 0afc3802ab9e187c1b32243f0b06c79c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-210088.hdr.sgml**: 20250828

**ACCESSION NUMBER**: 0001752724-25-210088

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250828

**DATE AS OF CHANGE**: 20250828

**PERIOD START**: 20251231

**FILER**: 

**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:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23883
- **FILM NUMBER:** 251268272

**BUSINESS ADDRESS:**
- **STREET 1:** 234 WEST FLORIDA STREET
- **STREET 2:** SUITE 203
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53204
- **BUSINESS PHONE:** (833) 782-2211

**MAIL ADDRESS:**
- **STREET 1:** 234 WEST FLORIDA STREET
- **STREET 2:** SUITE 203
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53204

## Series and Classes Contracts Data

### Pacific NoS Global EM Equity Active ETF (Series ID: S000088737)

| Class ID   | Class Name                              | Ticker Symbol   |
|:---|:---|:---|
| C000255106 | Pacific NoS Global EM Equity Active ETF | GEME            |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** 2023 ETF Series Trust

- **b. Investment Company Act file number:** 811-23883

- **c. CIK number of Registrant:** 0001969674

- **d. LEI of Registrant:** 5493000L2E3DBUPMOK03

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 3 Canal Plaza Suite 100

  - **City:** Portland

  - **State:** ME

  - **Foreign country:** US

  - **Zip / Postal Code:** 04101

  - **Telephone number:** 614-416-9058

**Item A.2. Information about the Series.**

- **a. Name of Series:** Pacific NoS Global EM Equity Active ETF

- **b. EDGAR series identifier (if any):** S000088737

- **c. LEI of Series:** 529900C33J7ODTLYTP41

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-06-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $46346313.96

**Total Liabilities:** $701630.17

**Net Assets:** $45644683.79

**Cash Not Reported:** $2412878.32

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000255106 | -1.26%               | 2.96%                | 6.31%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-154882.03              | $-642930.80                                |
| Month 2  | $46591.84                | $1472562.76                                |
| Month 3  | $309999.84               | $2343408.44                                |

**Designated Index Information**

- **Index Name:** Securities Portfolio

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                                                   | Title                                            | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| KUAISHOU TECHNOLOGY                                    | KUAISHOU TECHNOLOGY                              | CUSIP: N/A<br>LEI: 300300FCDZBE6UP9ED24       | Long             | EC               | CORP              | KY        |     68600 | NS      | $553169.43    | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| ABSA GROUP LIMITED                                     | ABSA GROUP LTD                                   | CUSIP: N/A<br>LEI: 2138006IPPRD4N6XLT30       | Long             | EC               | CORP              | ZA        |    107547 | NS      | $1065106.39   | 2.33%             |  |  |  | No            |                  1 | On Loan: No      |
| BAIDU, INC.                                            | BAIDU INC                                        | CUSIP: 056752108<br>LEI: 254900AL64IANZYI1E02 | Long             |  | CORP              | KY        |      8323 | NS      | $713780.48    | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| VODACOM GROUP LIMITED                                  | VODACOM GROUP LTD                                | CUSIP: N/A<br>LEI: 37890012A8DC24B8D663       | Long             | EC               | CORP              | ZA        |     62601 | NS      | $481539.38    | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Wal-Mart de Mexico, S.A.B. de C.V.                     | WAL MART DE MEXICO SAB DE CV                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MX        |    197300 | NS      | $649068.12    | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| MediaTek Inc.                                          | MEDIATEK INC                                     | CUSIP: N/A<br>LEI: 254900UEGBK1I4DM4E14       | Long             | EC               | CORP              | TW        |     51748 | NS      | $2214329.73   | 4.85%             |  |  |  | No            |                  1 | On Loan: No      |
| EMBRAER S.A.                                           | EMBRAER SA                                       | CUSIP: 29082A107<br>LEI: 549300EM51WYXFHUY333 | Long             |  | CORP              | BR        |      2400 | NS      | $136584.00    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Full Truck Alliance Co Ltd                             | FULL TRUCK ALLIANCE CO LTD                       | CUSIP: 35969L108<br>LEI: 984500884LB1DP8DAC57 | Long             |  | CORP              | KY        |    106220 | NS      | $1254458.20   | 2.75%             |  |  |  | No            |                  1 | On Loan: No      |
| JD.COM, INC.                                           | JD COM INC                                       | CUSIP: 47215P106<br>LEI: 549300HVTWB0GJZ16V92 | Long             |  | CORP              | KY        |     44019 | NS      | $1436780.16   | 3.15%             |  |  |  | No            |                  1 | On Loan: No      |
| U S DOLLARS                                            | U S DOLLARS                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |  10760000 | OU      | $23027.80     | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Banco do Brasil S.A.                                   | BANCO DO BRASIL SA                               | CUSIP: N/A<br>LEI: QE0Q0253K88YAGNPE356       | Long             | EC               | CORP              | BR        |    178760 | NS      | $723509.88    | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| YPF Sociedad Anonima                                   | YPF SA                                           | CUSIP: 984245100<br>LEI: 5493003N7447U18U5U53 | Long             |  | CORP              | AR        |     22154 | NS      | $696743.30    | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| PRIO S.A.                                              | PETRO RIO SA                                     | CUSIP: N/A<br>LEI: 549300IQAZIWK5RVZX23       | Long             | EC               | CORP              | BR        |    109145 | NS      | $847906.78    | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Woori Financial Group Inc.                             | WOORI FINANCIAL GROUP INC                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     53302 | NS      | $886655.23    | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| SAMSUNG FIRE & MARINE INSURANCE CO., LTD.              | SAMSUNG FIRE MARINE INSURANC                     | CUSIP: N/A<br>LEI: 988400JMBDK47EW0Z936       | Long             | EC               | CORP              | KR        |      3794 | NS      | $1220062.24   | 2.67%             |  |  |  | No            |                  1 | On Loan: No      |
| TELEFONICA BRASIL S.A                                  | TELEFONICA BRASIL SA                             | CUSIP: N/A<br>LEI: 529900MTGG2HSDBIWG79       | Long             | EC               | CORP              | BR        |    195400 | NS      | $1105912.77   | 2.42%             |  |  |  | No            |                  1 | On Loan: No      |
| KT CORPORATION                                         | KT CORP                                          | CUSIP: 48268K101<br>LEI: 9884005ACF8449EANY26 | Long             |  | CORP              | KR        |     46793 | NS      | $972358.54    | 2.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Dubai Islamic Bank P.J.S.C.                            | DUBAI ISLAMIC BANK PJSC                          | CUSIP: N/A<br>LEI: 5493003E7YRAQY3JGW88       | Long             | EC               | CORP              | AE        |    433074 | NS      | $1069464.09   | 2.34%             |  |  |  | No            |                  1 | On Loan: No      |
| PICC Property and Casualty Company Limited             | PICC PROPERTY CASUALTY CO LTD                    | CUSIP: N/A<br>LEI: 300300F1000311000017       | Long             | EC               | CORP              | CN        |    284000 | NS      | $549910.83    | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Alibaba Group Holding Limited                          | ALIBABA GROUP HOLDING ADR                        | CUSIP: 01609W102<br>LEI: 5493001NTNQJDH60PM02 | Long             |  | CORP              | KY        |     21027 | NS      | $2384672.07   | 5.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Tongcheng Travel Holdings Limited                      | TONGCHENG TRAVEL HLDGS                           | CUSIP: N/A<br>LEI: 2549004WGGNOPL8NUL61       | Long             | EC               | CORP              | KY        |    170400 | NS      | $425023.18    | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Pan American Silver Corp.                              | PAN AMERICAN SILVER CORP                         | CUSIP: 697900108<br>LEI: 549300MKTF5851TYIB83 | Long             | EC               | CORP              | CA        |     21000 | NS      | $596400.00    | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| LOTES CO., LTD                                         | LOTES CO LTD                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     13397 | NS      | $619127.41    | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co., Ltd.           | TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD        | CUSIP: N/A<br>LEI: 549300KB6NK5SBD14S87       | Long             | EC               | CORP              | TW        |     90781 | NS      | $3294120.91   | 7.22%             |  |  |  | No            |                  1 | On Loan: No      |
| HAIDILAO INTERNATIONAL HOLDING LTD.                    | HAIDILAO INTERNATIONAL HOLDING LTD               | CUSIP: N/A<br>LEI: 3003009Q8GV4VNKZWI24       | Long             | EC               | CORP              | KY        |    448000 | NS      | $850343.95    | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| NASPERS LIMITED                                        | NASPERS LTD N SHS                                | CUSIP: N/A<br>LEI: 21380044BQ8812EEKT59       | Long             | EC               | CORP              | ZA        |      3105 | NS      | $963649.43    | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |
| HYUNDAI GLOVIS Co., LTD.                               | HYUNDAI GLOVIS CO LTD                            | CUSIP: N/A<br>LEI: 988400U6RDXNJ5ZRN304       | Long             | EC               | CORP              | KR        |      7129 | NS      | $712054.83    | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| HD KOREA SHIPBUILDING & OFFSHORE ENGINEERING CO., LTD. | HD KOREA SHIPBUILDING OFFSHORE ENGINEERING CO LT | CUSIP: N/A<br>LEI: 988400DPTJ9KH5R6W540       | Long             | EC               | CORP              | KR        |      2055 | NS      | $557298.46    | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| NEW TAIWAN DOLLAR                                      | NEW TAIWAN DOLLAR                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | TW        | -25560000 | OU      | $-4515.85     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| ADNOC DRILLING COMPANY P.J.S.C.                        | ADNOC DRILLING CO PJSC                           | CUSIP: N/A<br>LEI: 254900JPRSQL1PM0JV19       | Long             | EC               | CORP              | AE        |    551168 | NS      | $855373.24    | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| SK Square Co., Ltd.                                    | SK SQUARE CO LTD                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |      9509 | NS      | $1289379.82   | 2.82%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED MICROELECTRONICS CORP.                          | UNITED MICROELECTRONICS CORP                     | CUSIP: N/A<br>LEI: 391200YJCAGH9LF96P73       | Long             | EC               | CORP              | TW        |    719015 | NS      | $1087924.93   | 2.38%             |  |  |  | No            |                  1 | On Loan: No      |
| NATIONAL BANK OF GREECE S.A.                           | NATIONAL BANK OF GREECE SA                       | CUSIP: N/A<br>LEI: 5UMCZOEYKCVFAW8ZLO05       | Long             | EC               | CORP              | GR        |     48576 | NS      | $617535.02    | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| ASE Technology Holding Co., Ltd.                       | ASE TECHNOLOGY HOLDING CO LTD                    | CUSIP: N/A<br>LEI: 300300GO8QHPMV87NZ73       | Long             | EC               | CORP              | TW        |    175893 | NS      | $888135.61    | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsung Electronics Co., Ltd.                          | SAMSUNG ELECTRONICS CO LTD                       | CUSIP: N/A<br>LEI: 9884007ER46L6N7EI764       | Long             | EC               | CORP              | KR        |     40739 | NS      | $1805121.67   | 3.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Contemporary Amperex Technology Co., Ltd.              | CONTEMPORARY AMPEREX TECHNOLOGY CO LTD           | CUSIP: N/A<br>LEI: 300300KINDY1K0E9I032       | Long             | EC               | CORP              | CN        |     16400 | NS      | $577267.18    | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| KIA CORPORATION                                        | KIA CORP                                         | CUSIP: N/A<br>LEI: 988400V8MJK9N7OI5X76       | Long             | EC               | CORP              | KR        |     15313 | NS      | $1099458.88   | 2.41%             |  |  |  | No            |                  1 | On Loan: No      |
| U S DOLLARS                                            | U S DOLLARS                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |  59375000 | OU      | $-178126.42   | -0.39%            |  |  |  | No            |                  2 | On Loan: No      |
| EMAAR PROPERTIES (P.J.S.C)                             | EMAAR PROPERTIES PJSC                            | CUSIP: N/A<br>LEI: 254900YWYEXYXK1BMP81       | Long             | EC               | CORP              | AE        |    350358 | NS      | $1297321.92   | 2.84%             |  |  |  | No            |                  1 | On Loan: No      |
| U S DOLLARS                                            | U S DOLLARS                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        | 127520000 | OU      | $-448719.59   | -0.98%            |  |  |  | No            |                  2 | On Loan: No      |
| Saudi Awwal Bank SJSC                                  | SAUDI AWWAL BANK                                 | CUSIP: N/A<br>LEI: 558600TQS0WENZUC5190       | Long             | EC               | CORP              | SA        |     61445 | NS      | $552112.12    | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| CHINA CONSTRUCTION BANK CORPORATION                    | CHINA CONSTRUCTION BANK CORP                     | CUSIP: N/A<br>LEI: 5493001KQW6DM7KEDR62       | Long             | EC               | CORP              | CN        |    792000 | NS      | $799062.42    | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| POWSZECHNY ZAKLAD UBEZPIECZEN SPOLKA AKCYJNA           | POWSZECHNY ZAKLAD UBEZPIECZEN SA                 | CUSIP: N/A<br>LEI: QLPCKOOKVX32FUELX240       | Long             | EC               | CORP              | PL        |     61966 | NS      | $1080278.93   | 2.37%             |  |  |  | No            |                  1 | On Loan: No      |
| ADNOC Gas PLC                                          | ADNOC GAS PLC                                    | CUSIP: N/A<br>LEI: 254900O5NS03BDOOM362       | Long             | EC               | CORP              | AE        |    748912 | NS      | $697354.65    | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| VIPSHOP HOLDINGS LIMITED                               | VIPSHOP HOLDINGS LTD                             | CUSIP: 92763W103<br>LEI: 549300I9F52K06HPZX60 | Long             |  | CORP              | KY        |     36123 | NS      | $543651.15    | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| PT Bank Mandiri (Persero) Tbk                          | BANK MANDIRI PERSERO TBK PT                      | CUSIP: N/A<br>LEI: 549300RSKQN4Z5ZSGH94       | Long             | EC               | CORP              | ID        |   3009929 | NS      | $904739.98    | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Sinotruk (Hong Kong) Limited                           | SINOTRUK HONG KONG LTD                           | CUSIP: N/A<br>LEI: 529900BB4WA4W576X724       | Long             | EC               | CORP              | HK        |    281000 | NS      | $819732.48    | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| YUTONG BUS CO., LTD.                                   | ZHENGZHOU YUTONG BUS CO LTD                      | CUSIP: N/A<br>LEI: 300300OMPRVW0Q75F037       | Long             | EC               | CORP              | CN        |    155800 | NS      | $540532.83    | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| EUROBANK ERGASIAS SERVICES AND HOLDINGS S.A.           | EUROBANK ERGASIAS SERVICES AND HOLDINGS SA       | CUSIP: N/A<br>LEI: JEUVK5RWVJEN8W0C9M24       | Long             | EC               | CORP              | GR        |    394110 | NS      | $1349013.69   | 2.96%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-30

**Name of Applicant:** 2023 ETF Series Trust

**Signature:** Michael Minella

**Name of Signer:** Michael Minella

**Title:** Treasurer