# EDGAR Filing Document

**Accession Number:** 0001969674
**File Stem:** 0001004726-26-001419
**Filing Date:** 2026-3
**Character Count:** 23813
**Document Hash:** bec876df062b7de1931221ebf033bf01
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001004726-26-001419.hdr.sgml**: 20260302

**ACCESSION NUMBER**: 0001004726-26-001419

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260302

**DATE AS OF CHANGE**: 20260302

**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:** 26704407

**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

## 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:** 234 West Florida Street

  - **City:** Milwaukee

  - **State:** WI

  - **Foreign country:** US

  - **Zip / Postal Code:** 53204

  - **Telephone number:** 262-267-4589

**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:** 2025-12-31

**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:** $74725801.82

**Total Liabilities:** $356879.06

**Net Assets:** $74368922.76

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000255106 | 3.89%                | -1.21%               | 4.65%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $112942.92               | $2529660.92                                |
| Month 2  | $633322.64               | $-1714996.87                               |
| Month 3  | $76973.75                | $3285688.06                                |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| PT Bank Central Asia Tbk                     | BANK CENTRAL ASIA TBK PT                  | CUSIP: N/A<br>LEI: 254900BR956G2OHVOM21       | Long             | EC               | CORP              | ID        |   1696425 | NS      | $821507.16    | 1.10%             |  |  |  | No            | 1                  | On Loan: No      |
| MediaTek Inc.                                | MEDIATEK INC                              | CUSIP: N/A<br>LEI: 254900UEGBK1I4DM4E14       | Long             | EC               | CORP              | TW        |     71003 | NS      | $3231466.40   | 4.35%             |  |  |  | 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        |    239366 | NS      | $604133.74    | 0.81%             |  |  |  | No            | 1                  | On Loan: No      |
| CHINESE RENMINBI                             | CHINESE RENMINBI                          | CUSIP: N/A<br>LEI: N/A                        | N/A              |  |  | CN        |       690 | NS      | $98.79        | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| Alibaba Group Holding Limited                | ALIBABA GROUP HOLDING LTD                 | CUSIP: N/A<br>LEI: 5493001NTNQJDH60PM02       | Long             | EC               | CORP              | KY        |    225416 | NS      | $4135595.14   | 5.56%             |  |  |  | No            | 1                  | On Loan: No      |
| ABSA GROUP LIMITED                           | ABSA GROUP LTD                            | CUSIP: N/A<br>LEI: 2138006IPPRD4N6XLT30       | Long             | EC               | CORP              | ZA        |    117626 | NS      | $1699152.65   | 2.28%             |  |  |  | No            | 1                  | On Loan: No      |
| Eurobank S.A.                                | EUROBANK SA                               | CUSIP: N/A<br>LEI: 213800KGF4EFNUQKAT69       | Long             | EC               | CORP              | GR        |    401312 | NS      | $1614278.53   | 2.17%             |  |  |  | No            | 1                  | On Loan: No      |
| JD.COM, INC.                                 | JD COM INC                                | CUSIP: 47215P106<br>LEI: 549300HVTWB0GJZ16V92 | Long             |  | CORP              | KY        |     57586 | NS      | $1652718.20   | 2.22%             |  |  |  | No            | 1                  | On Loan: No      |
| NEW TAIWAN DOLLAR                            | NEW TAIWAN DOLLAR                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | TW        | -25560000 | OU      | $-80047.44    | -0.11%            |  |  |  | No            | 2                  | On Loan: No      |
| Samsung Electronics Co., Ltd.                | SAMSUNG ELECTRONICS CO LTD                | CUSIP: N/A<br>LEI: 9884007ER46L6N7EI764       | Long             | EC               | CORP              | KR        |     61485 | NS      | $5117525.60   | 6.88%             |  |  |  | No            | 1                  | On Loan: No      |
| UN. ARAB EMIRATES DIRHAM                     | UNITED ARAB EMIRATES DIRHAM               | CUSIP: N/A<br>LEI: N/A                        | N/A              |  |  | AE        |   1036919 | NS      | $282316.20    | 0.38%             |  |  |  | No            | N/A                | On Loan: No      |
| YPF Sociedad Anonima                         | YPF SA                                    | CUSIP: 984245100<br>LEI: 5493003N7447U18U5U53 | Long             |  | CORP              | AR        |     29506 | NS      | $1066936.96   | 1.43%             |  |  |  | No            | 1                  | On Loan: No      |
| ADNOC Logistics & Services PLC               | ADNOC LOGISTICS SERVICES                  | CUSIP: N/A<br>LEI: 254900CIXQYSEOFXAB16       | Long             | EC               | CORP              | AE        |    254984 | NS      | $410984.58    | 0.55%             |  |  |  | No            | 1                  | On Loan: No      |
| KIA CORPORATION                              | KIA CORP                                  | CUSIP: N/A<br>LEI: 988400V8MJK9N7OI5X76       | Long             | EC               | CORP              | KR        |     28338 | NS      | $2396007.36   | 3.22%             |  |  |  | No            | 1                  | On Loan: No      |
| ICICI BANK LIMITED                           | ICICI BANK LTD                            | CUSIP: 45104G104<br>LEI: R7RX8ER1V4666J8D1I38 | Long             |  | CORP              | IN        |     97849 | NS      | $2915900.20   | 3.92%             |  |  |  | No            | 1                  | On Loan: No      |
| FIRSTRAND LIMITED                            | FIRSTRAND LTD                             | CUSIP: N/A<br>LEI: 529900XYOP8CUZU7R671       | Long             | EC               | CORP              | ZA        |    220249 | NS      | $1206252.07   | 1.62%             |  |  |  | No            | 1                  | On Loan: No      |
| LOTES CO., LTD                               | LOTES CO LTD                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     28384 | NS      | $1169850.26   | 1.57%             |  |  |  | No            | 1                  | On Loan: No      |
| SK Square Co., Ltd.                          | SK SQUARE CO LTD                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |      9927 | NS      | $2535931.42   | 3.41%             |  |  |  | No            | 1                  | On Loan: No      |
| ADNOC Gas PLC                                | ADNOC GAS PLC                             | CUSIP: N/A<br>LEI: 254900O5NS03BDOOM362       | Long             | EC               | CORP              | AE        |   1074877 | NS      | $1038910.22   | 1.40%             |  |  |  | No            | 1                  | On Loan: No      |
| YUTONG BUS CO., LTD.                         | ZHENGZHOU YUTONG BUS CO LTD               | CUSIP: N/A<br>LEI: 300300OMPRVW0Q75F037       | Long             | EC               | CORP              | CN        |    206700 | NS      | $967221.65    | 1.30%             |  |  |  | No            | 1                  | On Loan: No      |
| U S DOLLARS                                  | U S DOLLARS                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |  10760000 | OU      | $54824.35     | 0.07%             |  |  |  | No            | 2                  | On Loan: No      |
| SK Inc.                                      | SK INC                                    | CUSIP: N/A<br>LEI: 988400GMME8AOAFMDK34       | Long             | EC               | CORP              | KR        |      6894 | NS      | $1227524.90   | 1.65%             |  |  |  | No            | 1                  | On Loan: No      |
| KT CORPORATION                               | KT CORP                                   | CUSIP: 48268K101<br>LEI: 9884005ACF8449EANY26 | Long             |  | CORP              | KR        |     62330 | NS      | $1182400.10   | 1.59%             |  |  |  | No            | 1                  | On Loan: No      |
| HD HYUNDAI CO.,LTD.                          | HD HYUNDAI                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |       550 | NS      | $71969.04     | 0.10%             |  |  |  | No            | 1                  | On Loan: No      |
| Pan American Silver Corp.                    | PAN AMERICAN SILVER CORP                  | CUSIP: 697900108<br>LEI: 549300MKTF5851TYIB83 | Long             | EC               | CORP              | CA        |     47860 | NS      | $2479626.60   | 3.33%             |  |  |  | No            | 1                  | On Loan: No      |
| VODACOM GROUP LIMITED                        | VODACOM GROUP LTD                         | CUSIP: N/A<br>LEI: 37890012A8DC24B8D663       | Long             | EC               | CORP              | ZA        |     83386 | NS      | $711121.04    | 0.96%             |  |  |  | No            | 1                  | On Loan: No      |
| VIPSHOP HOLDINGS LIMITED                     | VIPSHOP HOLDINGS LTD                      | CUSIP: 92763W103<br>LEI: 549300I9F52K06HPZX60 | Long             |  | CORP              | KY        |     28785 | NS      | $509206.65    | 0.68%             |  |  |  | No            | 1                  | On Loan: No      |
| Grupo Financiero Banorte, S.A.B. de C.V.     | GRUPO FINANCIERO BANORTE SAB DE CV        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MX        |    106517 | NS      | $989012.37    | 1.33%             |  |  |  | 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        |    122458 | NS      | $6040957.34   | 8.12%             |  |  |  | No            | 1                  | On Loan: No      |
| NASPERS LIMITED                              | NASPERS NPV                               | CUSIP: N/A<br>LEI: 21380044BQ8812EEKT59       | Long             | EC               | CORP              | ZA        |     30276 | NS      | $2018113.75   | 2.71%             |  |  |  | No            | 1                  | On Loan: No      |
| Coca-Cola HBC AG                             | COCA COLA HBC AG                          | CUSIP: N/A<br>LEI: 549300EFP3TNG7JGVE49       | Long             | EC               | CORP              | CH        |      9034 | NS      | $466846.38    | 0.63%             |  |  |  | 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        |     44500 | NS      | $2338683.34   | 3.14%             |  |  |  | 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        |    538000 | NS      | $1130812.62   | 1.52%             |  |  |  | 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        |     85410 | NS      | $1304030.72   | 1.75%             |  |  |  | No            | 1                  | On Loan: No      |
| Sinotruk (Hong Kong) Limited                 | SINOTRUK HONG KONG LTD                    | CUSIP: N/A<br>LEI: 529900BB4WA4W576X724       | Long             | EC               | CORP              | HK        |    373000 | NS      | $1323602.49   | 1.78%             |  |  |  | No            | 1                  | On Loan: No      |
| Saudi Awwal Bank SJSC                        | SAUDI AWWAL BANK                          | CUSIP: N/A<br>LEI: 558600TQS0WENZUC5190       | Long             | EC               | CORP              | SA        |    101515 | NS      | $876361.23    | 1.18%             |  |  |  | No            | 1                  | On Loan: No      |
| CAPSTONE COPPER CORP                         | CAPSTONE COPPER CORP                      | CUSIP: 14071L108<br>LEI: 549300III6KGKKC42W63 | Long             | EC               | CORP              | CA        |     66105 | NS      | $664546.34    | 0.89%             |  |  |  | No            | 1                  | On Loan: No      |
| U S DOLLARS                                  | U S DOLLARS                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |  59375000 | OU      | $-3170.15     | -0.00%            |  |  |  | No            | 2                  | On Loan: No      |
| MALAYSIAN RINGGIT                            | MALAYSIAN RINGITT                         | CUSIP: N/A<br>LEI: N/A                        | N/A              |  |  | MY        |    303196 | NS      | $74715.67     | 0.10%             |  |  |  | No            | N/A                | On Loan: No      |
| UNITED MICROELECTRONICS CORP.                | UNITED MICROELECTRONICS CORP              | CUSIP: N/A<br>LEI: 391200YJCAGH9LF96P73       | Long             | EC               | CORP              | TW        |    913902 | NS      | $1432493.87   | 1.93%             |  |  |  | No            | 1                  | On Loan: No      |
| Woori Financial Group Inc.                   | WOORI FINANCIAL GROUP INC                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |     62132 | NS      | $1207660.96   | 1.62%             |  |  |  | No            | 1                  | On Loan: No      |
| BAIDU, INC.                                  | BAIDU INC                                 | CUSIP: 056752108<br>LEI: 254900AL64IANZYI1E02 | Long             |  | CORP              | KY        |      6254 | NS      | $817147.64    | 1.10%             |  |  |  | No            | 1                  | On Loan: No      |
| SAUDI ARABIAN RIYAL                          | SAUDI ARABIAN RYAL                        | CUSIP: N/A<br>LEI: N/A                        | N/A              |  |  | SA        |    237230 | NS      | $63247.93     | 0.09%             |  |  |  | No            | N/A                | On Loan: No      |
| Ningbo Deye Technology Co Ltd                | NINGBO DEYE TECHNOLOGY CO LTD             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CN        |    128300 | NS      | $1582601.98   | 2.13%             |  |  |  | No            | 1                  | On Loan: No      |
| Dongfang Electric Corporation Limited        | DONGFANG ELECTRIC CORP LTD                | CUSIP: N/A<br>LEI: 529900ISAW6T566F0R12       | Long             | EC               | CORP              | CN        |    345200 | NS      | $1108755.70   | 1.49%             |  |  |  | No            | 1                  | On Loan: No      |
| MALAYAN BANKING BERHAD                       | MALAYAN BANKING BHD                       | CUSIP: N/A<br>LEI: 5493004OT3TOY404V310       | Long             | EC               | CORP              | MY        |    402600 | NS      | $1039735.83   | 1.40%             |  |  |  | No            | 1                  | On Loan: No      |
| Samsung Electronics Co., Ltd.                | SAMSUNG ELECTRONICS CO LTD                | CUSIP: N/A<br>LEI: 9884007ER46L6N7EI764       | Long             | EC               | CORP              | KR        |      8039 | NS      | $497781.26    | 0.67%             |  |  |  | No            | 1                  | On Loan: No      |
| EURO                                         | EURO                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              |  |  | XX        |    175108 | NS      | $205655.91    | 0.28%             |  |  |  | No            | N/A                | On Loan: No      |
| Full Truck Alliance Co Ltd                   | FULL TRUCK ALLIANCE CO LTD                | CUSIP: 35969L108<br>LEI: 984500884LB1DP8DAC57 | Long             |  | CORP              | KY        |    157988 | NS      | $1695211.24   | 2.28%             |  |  |  | No            | 1                  | On Loan: No      |
| HAIDILAO INTERNATIONAL HOLDING LTD.          | HAIDILAO INTERNATIONAL HOLDING LTD        | CUSIP: N/A<br>LEI: 3003009Q8GV4VNKZWI24       | Long             | EC               | CORP              | KY        |    704000 | NS      | $1288880.32   | 1.73%             |  |  |  | No            | 1                  | On Loan: No      |
| Tongcheng Travel Holdings Limited            | TONGCHENG TRAVEL HLDGS                    | CUSIP: N/A<br>LEI: 2549004WGGNOPL8NUL61       | Long             | EC               | CORP              | KY        |    226800 | NS      | $653869.34    | 0.88%             |  |  |  | No            | 1                  | On Loan: No      |
| NEW TAIWAN DOLLAR                            | NEW TAIWAN DOLLAR                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | TW        | -23872000 | OU      | $-34821.43    | -0.05%            |  |  |  | No            | 2                  | 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        |    426922 | NS      | $1332803.02   | 1.79%             |  |  |  | No            | 1                  | On Loan: No      |
| KUAISHOU TECHNOLOGY                          | KUAISHOU TECHNOLOGY                       | CUSIP: N/A<br>LEI: 300300FCDZBE6UP9ED24       | Long             | EC               | CORP              | KY        |     97000 | NS      | $796961.52    | 1.07%             |  |  |  | No            | 1                  | On Loan: No      |
| EMAAR PROPERTIES (P.J.S.C)                   | EMAAR PROPERTIES PJSC                     | CUSIP: N/A<br>LEI: 254900YWYEXYXK1BMP81       | Long             | EC               | CORP              | AE        |    427097 | NS      | $1633780.62   | 2.20%             |  |  |  | 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        |   4517523 | NS      | $1381671.20   | 1.86%             |  |  |  | No            | 1                  | On Loan: No      |
| NEW TAIWAN DOLLAR                            | NEW TAIWAN DOLLAR                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | TW        | -34872000 | OU      | $-85557.69    | -0.12%            |  |  |  | No            | 2                  | On Loan: No      |
| SK Square Co., Ltd.                          | SK SQUARE CO LTD                          | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               |  | US        |        50 | NC      | $2830.44      | 0.00%             |  |  |  | No            | 2                  | On Loan: No      |
| TELEFONICA BRASIL S.A                        | TELEFONICA BRASIL SA                      | CUSIP: N/A<br>LEI: 529900MTGG2HSDBIWG79       | Long             | EC               | CORP              | BR        |    137818 | NS      | $832478.82    | 1.12%             |  |  |  | No            | 1                  | On Loan: No      |
| U S DOLLARS                                  | U S DOLLARS                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        | 127520000 | OU      | $-75294.87    | -0.10%            |  |  |  | No            | 2                  | On Loan: No      |
| GREAT BRITISH POUND                          | GREAT BRITISH POUND                       | CUSIP: N/A<br>LEI: N/A                        | N/A              |  |  | GB        |    -59918 | NS      | $-80591.68    | -0.11%            |  |  |  | No            | N/A                | On Loan: No      |

### Signature

**Date Signed:** 2026-01-30

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

**Signature:** Aaron Perkovich

**Name of Signer:** Aaron Perkovich

**Title:** Principal Financial Officer