The 2023 ETF Series Trust - Atlas America FundUSAF

Atlas Capital TeamUS Stock StylesLarge Cap#581 of 701 by YTD

$27.56

−0.1% last session

+2.8% YTD

Data as of 11/6/20264:00 PM ET · End-of-day

Dividend-adjusted total return · S&P 500 uses VOO · Nov 20, 2024 – Nov 6, 2026USAFS&P 500 · VOO

Returns	1D	1M	3M	YTD	1Y	3Y	5Y	MAX
Total return	−0.1%	−0.7%	−2.2%	+2.8%	+3.6%	—	—	+12.4%
Peer average	+0.2%	−3.8%	−4.4%	+8.6%	+10.0%	+68.2%	+53.7%	—
S&P 500 · VOO	+0.3%	−5.0%	−4.6%	+8.7%	+9.8%	+80.8%	+71.8%	—

Key Statistics

Open all fund facts →

AUM: $16M
Expense ratio: 0.94%
Distribution yield: 2.4%
NAV: $27.71
Volume: 4K
Avg. volume 30D: 3K
High today: $27.56
Low today: $27.38
Previous close: $27.59
52-week high: $30.40
52-week low: $26.74
Our risk indicator: 4/5

USAF in One Breath

USAF Among Large Cap ETFs

YTD

#1NRGUREX Microsectors+172.8%$77.3M

#2MAKXProShares+33.0%$4.9M

#3SMRIBushido+30.3%$701M

#4RSSYReturn Stacked+29.3%$101M

#5FLOWGlobal X+26.9%$36.7M

#6LSAFLeader Shares+25.8%$136M

#7CSDInvesco+25.2%$211M

#8IGEiShares+24.3%$777M

#228USAFAtlas Capital Team+2.8%$15.5M

End-of-day Nov 6, 2026 · 263 Large cap ETFs by YTD

$10,000 in USAF

$10,000 in USAF became

$11,240

In the S&P 500 (VOO)

$12,755

Total return, dividends in · Nov 20, 2024 – Nov 6, 2026 · S&P 500 uses VOO

USAF’s Top Holdings

Today

PDBAInvesco Ac Agriculture Commodity St10.2%IAUM9.5%VBIL9.3%GLDM8.2%STIP7.9%VTIP5.7%CLIP5.3%SGOV5.3%VGSH5.1%SPTS5.1%HARD3.4%TBF3.1%BUG2.7%SHLD2.2%XAR1.4%DOCESS1.0%AHR1.0%EQR1.0%IHAK0.9%UDRO8 more

Real EstateFinancial Services

Atlas Capital Team USAF · 30 holdings · tile size = share of the fund · as of Nov 6, 2026

What USAF Holds

Today

Real Estate58.7%

DOC 1.0 · ESS 1.0 · AHR 1.0 · EQR · UDR · O · AMT

Technology23.3%

[…]

Industrials17.1%

[…]

Financial Services85.7%

PDBA 10.2 · IAUM 9.5 · VBIL 9.3 · GLDM 8.2 · STIP 7.9 · VTIP 5.7 · CLIP 5.3

Consumer Cyclical0.3%

[…]

Healthcare0.2%

[…]

Atlas Capital Team USAF · share of the fund by sector · as of Nov 6, 2026

Invesco’s Share of USAF

Today

10.2%

$102 of every $1,000 in USAF is Invesco

Invesco held by USAF

$1.6M

Most Invesco per dollar

USAF10.2%

Atlas Capital Team USAF · each square = $10 of $1,000 · as of Nov 6, 2026

USAF’s Share of Large Cap ETFs

Today

0.0%

of the $841B in 307 Large cap ETFs

USAF$15.5M0.0%

DFAC$85.7B10.2%

IWB$46.4B5.5%

304 others$709B84.3%

Large cap ETF AUM · Nov 6, 2026

USAF Fee per $100 vs Peers

Today

$0.94a year
per $100

$94 a year on $10,000

SCHB$0.03

IWB$0.15

DIA$0.16

DCOR$0.17

DFAC$0.21

USAF$0.94

Expense ratio · Large cap peers · Nov 6, 2026

Inside USAF

30 holdings · as of Nov 6, 2026

USAF

The 2023 ETF Series Trust - Atlas America Fund

Today

Real Estate58.7%5 more holdings52.9% of the fundTechnology23.3%Industrials17.1%Financial Services85.7%PDBA10.2%IAUM9.5%VBIL9.3%GLDM8.2%STIP7.9%VTIP12 more holdings34.9% of the fund

#	Ticker	Company	Weight ▼
1	PDBA	Invesco AC Agriculture Commodity ST	10.22%
2	IAUM	Ishares Gold Trust Micro	9.55%
3	VBIL	Vanguard I 0-3 Month Treasury Bill	9.30%
4	GLDM	World Gold Spdr Gold Minishares TR(	8.19%
5	STIP	Ishares TR 0-5 Year Tips BD ETF	7.87%
6	VTIP	Vanguard M Sh-term Infl Protected E	5.67%
7	CLIP	Global X F 1-3 Month T-bill Etf(p/s	5.32%
8	SGOV	Ishares TR Ishares 0-3 Month Treasu	5.31%
9	VGSH	Vanguard S Short-term Treasury ETF	5.12%
10	SPTS	State Strt Spdr Port SRT TRS IN ETF	5.12%

See all 32 holdings ↓

Real EstateTechnologyIndustrialsFinancial ServicesConsumer CyclicalHealthcare

Atlas Capital Team USAF · current holdings by weight · as of Nov 6, 2026 · each tile is one holding · top 20 = 89.4%

All USAF Holdings

32 holdings · as of Nov 6, 2026

USAF

USAF’s Holdings

Today

#
1	PDBAInvesco AC Agriculture Commodity ST	Financial Services	10.22%	$1,021.97	45K	$1.6M
2	IAUMIshares Gold Trust Micro	Financial Services	9.55%	$954.77	36K	$1.5M
3	VBILVanguard I 0-3 Month Treasury Bill	Financial Services	9.30%	$930.27	19K	$1.4M
4	GLDMWorld Gold Spdr Gold Minishares TR(	Financial Services	8.19%	$819.09	16K	$1.3M
5	STIPIshares TR 0-5 Year Tips BD ETF	Financial Services	7.87%	$786.83	12K	$1.2M
6	VTIPVanguard M Sh-term Infl Protected E	Financial Services	5.67%	$566.74	18K	$877K
7	CLIPGlobal X F 1-3 Month T-bill Etf(p/s	Financial Services	5.32%	$531.84	8,217	$823K
8	SGOVIshares TR Ishares 0-3 Month Treasu	Financial Services	5.31%	$530.60	8,170	$821K
9	VGSHVanguard S Short-term Treasury ETF	Financial Services	5.12%	$511.90	14K	$792K
10	SPTSState Strt Spdr Port SRT TRS IN ETF	Financial Services	5.12%	$511.78	27K	$792K
11	HARDSimplify E Commodities Strategy NO	Financial Services	3.41%	$340.51	16K	$527K
12	—Cash	—	3.22%	$322.29	498K	$498K
13	TBFProshares Short 20+ YR Treasury US	Financial Services	3.08%	$308.18	19K	$477K
14	BUGGlobal X F Cybersecurity ETF	Financial Services	2.74%	$273.91	9,668	$424K
15	SHLDGlobal X F Defense Tech ETF	Financial Services	2.15%	$215.39	5,741	$333K

Atlas Capital Team USAF · every reported holding · per $10,000 = dollars of each holding in a $10,000 stake · as of Nov 6, 2026

How It Compares

USAF

The 2023 ETF Series Trust - Atlas America Fund’s Peers

Today


DFAC	DimensionalRead Desk	0.21%	+0.2%	+13.8%	$85.7B
IWB	iSharesRead Desk	0.15%	+0.4%	+9.6%	$46.4B
DIA	SPDRRead Desk	0.16%	−0.4%	+9.9%	$45.9B
DCOR	DimensionalRead Desk	0.17%	+0.2%	+13.4%	$43.9B
SCHB	SchwabRead Desk	0.03%	+0.4%	+9.7%	$42.9B
USAF	Atlas Capital TeamThis fundRead Desk	0.94%	−0.1%	+3.6%	$16M

Large cap peers · Today’s and past-year returns · as of Nov 7, 2026 · sorted by AUM

Head to Head

Put USAF head to head with DFAC →

DFAC vs USAF

YTD

DFACDimensional · Large capUSAFAtlas Capital Team · Large cap

Year to date

+11.4%

+2.8%

DFAC wins+8.6 pts

Past year

+13.8%

+3.6%

DFAC wins+10.2 pts

Fee

0.21%

0.94%

DFAC winslower fee

Yield

0.9%

2.4%

USAF wins+1.5 pts

AUM

$85.7B

$15.5M

DFAC5520.0× more

3–1DFAC wins

Dimensional DFAC and Atlas Capital Team USAF · year-to-date · as of Nov 7, 2026 · AUM not scored

USAF vs VOO

YTD

USAF · The 2023 ETF Series Trust - Atlas America Fund

+2.8%

VOO · S&P 500

+8.7%

Gap

5.9 pts

Atlas Capital Team USAF and Vanguard VOO · Today total return · as of Nov 7, 2026

USAF vs Its Peer Average

YTD

USAFAvsBPeer average

1D−0.1%+0.2%

1M−0.7%−3.8%

3M−2.2%−4.4%

YTD+2.8%+8.6%

1Y+3.6%+10.0%

3Y[…]+68.2%

5Y[…]+53.7%

2–3Peer average wins

306 Large cap peers · each row scaled to its leader

The Details

USAF

Risk

4/5our risk indicator

CalmerBumpier

Volatility · 1Y5.83%

Deepest drop · 1Y−4.4%

Lowest point · 5Y−0.2%

52-week range

$27.56

$26.74−9.3% from the high$30.40

Atlas Capital Team USAF · past-year price moves · as of Nov 7, 2026

USAF

Fund Facts

Today

2024launched Nov 19

Tracks[…]

Exchange · CUSIPNASDAQ · 900934407

StructureETF

Leverage1x

Cost on $10,000$94 a year

Go deeper

Prospectus & documents Trading & liquidity Fees & costs Distributions

Atlas Capital Team USAF · fund facts · as of Nov 7, 2026

USAF

Payouts by Year

$0.67per share, Dec 2025

Distribution yield2.4%

Paid[…]

Latest ex-date · paidDec 30 · Dec 31, 2025

1 payouts added up$0.67 a share

Atlas Capital Team USAF · distributions by ex-date · 2025–2025

All Fund FactsDocuments · trading · fees · every payout

Prospectus & Documents

summary prospectus · SEC 497K ↗prospectus · SEC 485BPOS ↗annual report · SEC N-CSR ↗SEC reported portfolio · 2026-06-30 ↗prospectus · SEC 497 ↗SEC reported portfolio · 2026-03-31 ↗SEC reported portfolio · 2025-12-31 ↗SEC reported portfolio · 2025-09-30 ↗summary prospectus · SEC 497K ↗prospectus · SEC 485BPOS ↗annual report · SEC N-CSR ↗SEC reported portfolio · 2025-06-30 ↗SEC reported portfolio · 2025-03-31 ↗SEC reported portfolio · 2024-12-31 ↗summary prospectus · SEC 497K ↗prospectus · SEC 485BPOS ↗prospectus · SEC 497 ↗prospectus · SEC 485APOS ↗

Trading & Liquidity

Net asset value$27.71

Premium / discount[…]

Median spread · 30D[…]

Volume today4K

Average volume · 30D3K

Shares outstanding[…]

Options[…]

Fees & Costs

Net expense ratio0.94%

Gross expense ratio[…]

Management fee[…]

Cost on $10,000 a year$94.00

Our risk indicator4/5

Estimated yearly cost excludes trading costs and assumes constant assets.

Distributions

Ex-date	Paid	Per share
Dec 30, 2025	Dec 31, 2025	$0.67

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