The 2023 ETF Series Trust II - GMO Dynamic Allocation ETF is an exchange traded fund launched and managed by Grantham Mayo Van Otterloo & Co. LLC. It invests in public equity, fixed income and commodity markets of global region. For its equity portion, the fund invests directly and through other funds, it invests directly and through other funds in stocks of companies operating across diversified sectors. The fund employs long/short strategy to create its portfolio. It invests in growth and value stocks of companies across diversified market capitalization. For its fixed income portion, the fund invests in fixed income securities including asset-backed securities and municipal bonds of varying maturities. For its commodity portion, the fund invests in commodity markets. The fund employs quantitative analysis to create its portfolio. The 2023 ETF Series Trust II - GMO Dynamic Allocation ETF was formed on October 14, 2025, and is domiciled in the United States.