2023 ETF SERIES TRUST

Ticker: BUSA CUSIP: 900934308 Class: BRANDES US VALUE

AI Financial Services LLC's Holding History (CIK: 0001728031)

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

Q4 2025
Shares 462,753 Value ($000) $16,914 Avg Close — Range —
Q3 2025
Shares 465,137 Value ($000) $16,273 Avg Close — Range —
Q2 2025
Shares 446,048 Value ($000) $14,920 Avg Close — Range —
Q1 2025
Shares 430,030 Value ($000) $14,105 Avg Close — Range —