# EDGAR Filing Document

**Accession Number:** 0001592900
**File Stem:** 0001592900-26-002910
**Filing Date:** 2026-6
**Character Count:** 89040
**Document Hash:** 50d08f8ec1a389840e2988d215bcfc4d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001592900-26-002910.hdr.sgml**: 20260622

**ACCESSION NUMBER**: 0001592900-26-002910

**CONFORMED SUBMISSION TYPE**: NPORT-P/A

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250829

**FILED AS OF DATE**: 20260622

**DATE AS OF CHANGE**: 20260622

**PERIOD START**: 20251130

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** EA Series Trust
- **CENTRAL INDEX KEY:** 0001592900

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** NPORT-P/A
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22961
- **FILM NUMBER:** 261105399

**BUSINESS ADDRESS:**
- **STREET 1:** 3803 WEST CHESTER PIKE, SUITE 150
- **CITY:** NEWTOWN SQUARE
- **STATE:** PA
- **ZIP:** 19073
- **BUSINESS PHONE:** 1.215.882.9983

**MAIL ADDRESS:**
- **STREET 1:** 3803 WEST CHESTER PIKE, SUITE 150
- **CITY:** NEWTOWN SQUARE
- **STATE:** PA
- **ZIP:** 19073

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Alpha Architect ETF Trust
- **DATE OF NAME CHANGE:** 20140428

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Empowered Funds ETF Trust
- **DATE OF NAME CHANGE:** 20131125

## Series and Classes Contracts Data

### Cambria Endowment Style ETF (Series ID: S000088135)

| Class ID   | Class Name                  | Ticker Symbol   |
|:---|:---|:---|
| C000254188 | Cambria Endowment Style ETF | ENDW            |

## Nport-Ex

---

| |
|:---|
| **CAMBRIA ENDOWMENT STYLE ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **August 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| **EXCHANGE TRADED FUNDS - 52.5%** | **Shares** | **Value** |
| Cambria Chesapeake Pure Trend ETF | 189992 | $2846061 |
| Cambria Emerging Shareholder Yield ETF | 236353 | 8830148 |
| Cambria Foreign Shareholder Yield ETF | 284849 | 8838864 |
| Cambria Global Real Estate ETF | 228162 | 5970155 |
| Cambria Global Value ETF | 205193 | 5915714 |
| Cambria Shareholder Yield ETF | 1136 | 79043 |
| Cambria Tax Aware ETF<sup>(a)</sup> | 11417 | 308899 |
| Cambria Trinity ETF | 6531 | 177861 |
| Cambria Value and Momentum ETF | 181682 | 5889622 |
| Communication Services Select Sector SPDR Fund | 952 | 106043 |
| Consumer Discretionary Select Sector SPDR Fund | 313 | 72535 |
| Dimensional International Core Equity Market ETF | 3036 | 108385 |
| Dimensional US Marketwide Value ETF | 22806 | 1013499 |
| Dimensional US Small Cap ETF | 2435 | 166384 |
| Dimensional US Small Cap Value ETF | 2306 | 74622 |
| Energy Select Sector SPDR Fund | 676 | 61104 |
| Financial Select Sector SPDR Fund | 1409 | 76072 |
| Hartford Multifactor Developed Markets ex-US ETF | 4524 | 159607 |
| Health Care Select Sector SPDR Fund | 4564 | 627231 |
| iMGP DBi Managed Futures Strategy ETF | 95593 | 2480638 |
| Invesco S&P 500 Equal Weight ETF | 585 | 110343 |
| Invesco S&P MidCap Momentum ET | 962 | 126291 |
| iShares Broad USD High Yield Corporate Bond ETF | 3076 | 115750 |
| iShares Core MSCI Emerging Markets ETF | 1315 | 81648 |
| iShares Core S&P 500 ETF | 390 | 252845 |
| iShares Core S&P Mid-Cap ETF | 825 | 53757 |
| iShares Core S&P Small-Cap ETF | 1327 | 156639 |
| iShares Micro-Cap ETF | 452 | 64333 |
| iShares MSCI USA Min Vol Factor ETF | 527 | 49675 |
| iShares Russell 2000 ETF | 262 | 61615 |
| iShares Russell 3000 ETF | 5380 | 1975913 |
| iShares Russell Mid-Cap Value ETF | 536 | 74284 |
| iShares S&P 500 Growth ETF | 2848 | 327235 |
| iShares Semiconductor ETF | 240 | 58877 |
| JPMorgan BetaBuilders Japan ETF | 722 | 46706 |
| Schwab US Dividend Equity ETF | 10492 | 292937 |
| Schwab US Large-Cap ETF | 2388 | 61061 |
| Simplify Managed Futures Strategy ETF | 85936 | 2398474 |
| SPDR Bloomberg Enhanced Roll Yield Commodity Strategy NO K-1 ETF | 186472 | 5228675 |
| SPDR S&P 500 ETF Trust | 2705 | 1744860 |
| SPDR S&P Insurance ETF | 1090 | 64157 |
| SPDR S&P MidCap 400 ETF Trust | 100 | 59516 |
| Technology Select Sector SPDR Fund | 2640 | 692868 |
| Vanguard Communication Services ETF | 961 | 173163 |

---

------

---

| |
|:---|
| **CAMBRIA ENDOWMENT STYLE ETF** |
| **SCHEDULE OF INVESTMENTS (CONTINUED)** |
| **August 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| **EXCHANGE TRADED FUNDS - 52.5% (CONTINUED)** | **Shares** | **Value** |
| Vanguard FTSE All-World ex-US ETF | 5060 | $350962 |
| Vanguard FTSE Europe ETF | 561 | 44038 |
| Vanguard High Dividend Yield ETF | 405 | 56368 |
| Vanguard Information Technology ETF | 850 | 592467 |
| Vanguard International High Dividend Yield ETF | 2225 | 187100 |
| Vanguard Mid-Cap ETF | 210 | 60885 |
| Vanguard Russell 1000 Growth ETF | 681 | 78090 |
| Vanguard S&P 500 ETF | 2819 | 1671892 |
| Vanguard Total Stock Market ETF | 1169 | 371976 |
| Wisdomtree Emerging Markets EX-State-Owned Enterprises Fund | 1438 | 51193 |
| WisdomTree US Efficient Core F | 5143 | 267847 |
| **TOTAL EXCHANGE TRADED FUNDS** (Cost $54,022,740) |  | 61806927 |

---

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS - 41.2%** | **Shares** | **Value**  |
| **<u>Communication Services</u> - 2.5%** | |  |
| **Interactive Media & Services - 2.2%** |  |  |
| Alphabet, Inc. - Class A  | 5221 | 1111603 |
| Alphabet, Inc. - Class C  | 5611 | 1198117 |
| Meta Platforms, Inc. - Class A  | 400 | 295480 |
|  |  | 2605200 |
| **Movies & Entertainment - 0.3%** |  |  |
| Liberty Media Corp.-Liberty Formula One - Class C <sup>(b)</sup> | 440 | 43956 |
| Netflix, Inc. <sup>(b)</sup> | 155 | 187279 |
| Spotify Technology SA <sup>(b)</sup> | 83 | 56596 |
|  |  | 287831 |
| **Total Communication Services** |  | 2893031 |
| **<u>Consumer Discretionary</u> - 5.5%** |  |  |
| **Apparel, Accessories & Luxury Goods - 0.0%**<sup>(c)</sup> |  |  |
| LVMH Moet Hennessy Louis Vuitton SE - ADR  | 520 | 61396 |
| **Automobile Manufacturers - 0.9%** |  |  |
| Tesla, Inc. <sup>(b)</sup> | 3336 | 1113790 |
| **Automotive Retail - 1.0%** |  |  |
| AutoZone, Inc. <sup>(b)(d)</sup> | 280 | 1175588 |
| **Broadline Retail - 1.0%** |  |  |
| Amazon.com, Inc. <sup>(b)</sup> | 5119 | 1172251 |
| MercadoLibre, Inc. <sup>(b)</sup> | 15 | 37094 |
|  |  | 1209345 |
| **Footwear - 1.5%** |  |  |
| NIKE, Inc. - Class B  | 1424 | 110175 |
| On Holding AG - Class A <sup>(b)</sup> | 35785 | 1613188 |
|  |  | 1723363 |

---

------

---

| |
|:---|
| **CAMBRIA ENDOWMENT STYLE ETF** |
| **SCHEDULE OF INVESTMENTS (CONTINUED)** |
| **August 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS - 41.2% (CONTINUED)** | **Shares** | **Value**  |
| **Home Improvement Retail - 0.5%** |  |  |
| Home Depot, Inc.  | 343 | $139522 |
| Lowe's Cos., Inc.  | 1613 | 416251 |
|  |  | 555773 |
| **Homebuilding - 0.1%** |  |  |
| PulteGroup, Inc.  | 645 | 85153 |
| **Hotels, Resorts & Cruise Lines - 0.1%** |  |  |
| Booking Holdings, Inc.  | 17 | 95184 |
| **Other Specialty Retail - 0.1%** |  |  |
| Ulta Beauty, Inc. <sup>(b)</sup> | 198 | 97561 |
| **Restaurants - 0.3%** |  |  |
| McDonald's Corp.  | 1145 | 359003 |
| **Total Consumer Discretionary** |  | 6476156 |
| **<u>Consumer Staples</u> - 1.0%** |  |  |
| **Consumer Staples Merchandise Retail - 0.4%** |  |  |
| Costco Wholesale Corp.  | 228 | 215077 |
| Walmart, Inc.  | 2984 | 289388 |
|  |  | 504465 |
| **Household Products - 0.1%** |  |  |
| Procter & Gamble Co.  | 888 | 139452 |
| **Packaged Foods & Meats - 0.3%** |  |  |
| General Mills, Inc.  | 835 | 41190 |
| Nestle SA - ADR  | 2555 | 240477 |
|  |  | 281667 |
| **Personal Care Products - 0.0%**<sup>(c)</sup> |  |  |
| L'Oreal SA - ADR  | 473 | 44022 |
| **Soft Drinks & Non-alcoholic Beverages - 0.1%** |  |  |
| PepsiCo, Inc.  | 883 | 131258 |
| **Tobacco - 0.1%** |  |  |
| Philip Morris International, Inc.  | 715 | 119498 |
| **Total Consumer Staples** |  | 1220362 |
| **<u>Energy</u> - 0.7%** |  |  |
| **Integrated Oil & Gas - 0.4%** |  |  |
| Chevron Corp.  | 790 | 126874 |
| Exxon Mobil Corp.  | 2886 | 329841 |
| TotalEnergies SE - ADR  | 770 | 48317 |
|  |  | 505032 |

---

------

---

| |
|:---|
| **CAMBRIA ENDOWMENT STYLE ETF** |
| **SCHEDULE OF INVESTMENTS (CONTINUED)** |
| **August 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS - 41.2% (CONTINUED)** | **Shares** | **Value**  |
| **Oil & Gas Exploration & Production - 0.1%** |  |  |
| Diamondback Energy, Inc.  | 507 | $75422 |
| Range Resources Corp.  | 1608 | 55106 |
|  |  | 130528 |
| **Oil & Gas Refining & Marketing - 0.1%** |  |  |
| Marathon Petroleum Corp.  | 495 | 88956 |
| **Oil & Gas Storage & Transportation - 0.1%** |  |  |
| Cheniere Energy, Inc.  | 383 | 92617 |
| Williams Cos., Inc.  | 1070 | 61932 |
|  |  | 154549 |
| **Total Energy** |  | 879065 |
| **<u>Financials</u> - 7.0%** |  |  |
| **Asset Management & Custody Banks - 0.3%** |  |  |
| Blackrock, Inc.  | 191 | 215284 |
| KKR & Co., Inc.  | 531 | 74069 |
|  |  | 289353 |
| **Consumer Finance - 0.2%** |  |  |
| American Express Co.  | 616 | 204068 |
| **Diversified Banks - 2.2%** |  |  |
| Bank of America Corp.  | 2728 | 138419 |
| DBS Group Holdings Ltd. - ADR  | 356 | 56013 |
| JPMorgan Chase & Co. <sup>(d)</sup> | 7850 | 2366147 |
| Wells Fargo & Co.  | 825 | 67798 |
|  |  | 2628377 |
| **Investment Banking & Brokerage - 0.7%** |  |  |
| Evercore, Inc. - Class A  | 315 | 101288 |
| Goldman Sachs Group, Inc.  | 700 | 521675 |
| Morgan Stanley  | 1593 | 239715 |
|  |  | 862678 |
| **Multi-line Insurance - 0.1%** |  |  |
| Allianz SE - ADR  | 1413 | 59759 |
| **Multi-Sector Holdings - 0.6%** |  |  |
| Berkshire Hathaway, Inc. - Class B <sup>(b)</sup> | 1425 | 716747 |
| **Property & Casualty Insurance - 1.5%** |  |  |
| Allstate Corp.  | 385 | 78328 |
| Fairfax Financial Holdings Ltd.  | 22 | 37867 |
| Progressive Corp.  | 6627 | 1637267 |
|  |  | 1753462 |

---

------

---

| |
|:---|
| **CAMBRIA ENDOWMENT STYLE ETF** |
| **SCHEDULE OF INVESTMENTS (CONTINUED)** |
| **August 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS - 41.2% (CONTINUED)** | **Shares** | **Value**  |
| **Regional Banks - 0.0%**<sup>(c)</sup> |  |  |
| Citizens Financial Group, Inc.  | 990 | $51757 |
| **Transaction & Payment Processing Services - 1.4%** |  |  |
| Mastercard, Inc. - Class A  | 1979 | 1178079 |
| Visa, Inc. - Class A  | 1421 | 499879 |
|  |  | 1677958 |
| **Total Financials** |  | 8244159 |
| **<u>Health Care</u> - 4.0%** |  |  |
| **Biotechnology - 2.8%** |  |  |
| AbbVie, Inc.  | 934 | 196513 |
| Gilead Sciences, Inc.  | 661 | 74673 |
| Regeneron Pharmaceuticals, Inc.  | 2554 | 1483108 |
| Vertex Pharmaceuticals, Inc. <sup>(b)</sup> | 3937 | 1539446 |
|  |  | 3293740 |
| **Health Care Distributors - 0.1%** |  |  |
| Cardinal Health, Inc.  | 725 | 107866 |
| **Health Care Equipment - 0.3%** |  |  |
| Abbott Laboratories  | 305 | 40461 |
| Intuitive Surgical, Inc. <sup>(b)</sup> | 220 | 104125 |
| STERIS PLC  | 251 | 61510 |
| Stryker Corp.  | 312 | 122120 |
|  |  | 328216 |
| **Health Care Facilities - 0.1%** |  |  |
| HCA Healthcare, Inc.  | 343 | 138558 |
| **Life Sciences Tools & Services - 0.1%** |  |  |
| Thermo Fisher Scientific, Inc.  | 148 | 72923 |
| **Managed Health Care - 0.2%** |  |  |
| UnitedHealth Group, Inc.  | 915 | 283531 |
| **Pharmaceuticals - 0.4%** |  |  |
| Eli Lilly & Co.  | 216 | 158238 |
| Johnson & Johnson  | 1084 | 192052 |
| Merck & Co., Inc.  | 725 | 60987 |
| Novo Nordisk AS - ADR  | 1035 | 58436 |
|  |  | 469713 |
| **Total Health Care** |  | 4694547 |

---

------

---

| |
|:---|
| **CAMBRIA ENDOWMENT STYLE ETF** |
| **SCHEDULE OF INVESTMENTS (CONTINUED)** |
| **August 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS - 41.2% (CONTINUED)** | **Shares** | **Value**  |
| **<u>Industrials</u> - 6.6%** | |  |
| **Aerospace & Defense - 0.0%**<sup>(c)</sup> |  |  |
| BAE Systems PLC - ADR  | 618 | $58240 |
| **Air Freight & Logistics - 0.1%** |  |  |
| FedEx Corp.  | 180 | 41593 |
| United Parcel Service, Inc. - Class B  | 390 | 34101 |
|  |  | 75694 |
| **Building Products - 1.0%** |  |  |
| Carrier Global Corp.  | 752 | 49031 |
| Trane Technologies PLC  | 2754 | 1144562 |
|  |  | 1193593 |
| **Construction & Engineering - 1.0%** |  |  |
| AECOM  | 9353 | 1168096 |
| **Construction Machinery & Heavy Transportation Equipment - 0.1%** |  |  |
| Caterpillar, Inc.  | 222 | 93027 |
| **Electrical Components & Equipment - 0.1%** |  |  |
| Schneider Electric SE - ADR  | 1775 | 87219 |
| **Human Resource & Employment Services - 0.2%** |  |  |
| Automatic Data Processing, Inc.  | 366 | 111283 |
| TriNet Group, Inc.  | 1555 | 112613 |
|  |  | 223896 |
| **Industrial Conglomerates - 0.1%** |  |  |
| Siemens AG - ADR  | 800 | 111104 |
| **Industrial Machinery & Supplies & Components - 1.2%** |  |  |
| Ingersoll Rand, Inc.  | 491 | 39000 |
| Xylem, Inc.  | 9991 | 1414326 |
|  |  | 1453326 |
| **Rail Transportation - 2.8%** |  |  |
| CSX Corp.  | 66585 | 2164678 |
| Norfolk Southern Corp.  | 2590 | 725148 |
| Union Pacific Corp.  | 1703 | 380740 |
|  |  | 3270566 |
| **Total Industrials** |  | 7734761 |
| **<u>Information Technology</u> - 12.3%** |  |  |
| **Application Software - 1.6%** |  |  |
| Adobe, Inc. <sup>(b)</sup> | 436 | 155521 |
| Intuit, Inc.  | 140 | 93380 |
| Salesforce, Inc.  | 1387 | 355419 |

---

------

---

| |
|:---|
| **CAMBRIA ENDOWMENT STYLE ETF** |
| **SCHEDULE OF INVESTMENTS (CONTINUED)** |
| **August 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS - 41.2% (CONTINUED)** | **Shares** | **Value**  |
| **Application Software - 1.6% (Continued)** | | |
| SAP SE - ADR  | 182 | $49533 |
| Unity Software, Inc. <sup>(b)</sup> | 29845 | 1176191 |
|  |  | 1830044 |
| **Communications Equipment - 0.1%** |  |  |
| Arista Networks, Inc. <sup>(b)</sup> | 443 | 60492 |
| Cisco Systems, Inc.  | 1600 | 110544 |
|  |  | 171036 |
| **Internet Services & Infrastructure - 3.2%** |  |  |
| GoDaddy, Inc. - Class A <sup>(b)</sup> | 875 | 129771 |
| MongoDB, Inc. <sup>(b)</sup> | 6999 | 2208955 |
| Okta, Inc. <sup>(b)</sup> | 15513 | 1439141 |
|  |  | 3777867 |
| **IT Consulting & Other Services - 0.2%** |  |  |
| International Business Machines Corp.  | 796 | 193818 |
| **Semiconductor Materials & Equipment - 0.2%** |  |  |
| Applied Materials, Inc.  | 463 | 74432 |
| ASML Holding NV  | 170 | 126245 |
|  |  | 200677 |
| **Semiconductors - 4.6%** |  |  |
| Advanced Micro Devices, Inc. <sup>(b)</sup> | 607 | 98716 |
| Analog Devices, Inc.  | 1793 | 450599 |
| Broadcom, Inc. <sup>(d)</sup> | 7896 | 2348192 |
| NVIDIA Corp. <sup>(d)</sup> | 12943 | 2254412 |
| QUALCOMM, Inc.  | 373 | 59952 |
| Taiwan Semiconductor Manufacturing Co. Ltd. - ADR  | 1029 | 237565 |
|  |  | 5449436 |
| **Systems Software - 1.4%** |  |  |
| Crowdstrike Holdings, Inc. - Class A <sup>(b)</sup> | 249 | 105501 |
| CyberArk Software Ltd. <sup>(b)</sup> | 124 | 56204 |
| Microsoft Corp.  | 2328 | 1179575 |
| Oracle Corp.  | 983 | 222286 |
| ServiceNow, Inc. <sup>(b)</sup> | 55 | 50460 |
|  |  | 1614026 |
| **Technology Hardware, Storage & Peripherals - 1.0%** |  |  |
| Apple, Inc. <sup>(d)</sup> | 5100 | 1183914 |
| Pure Storage, Inc. - Class A <sup>(b)</sup> | 705 | 54715 |
|  |  | 1238629 |
| **Total Information Technology** |  | 14475533 |
| **<u>Materials</u> - 0.1%** |  |  |
| **Copper - 0.1%** |  |  |
| Freeport-McMoRan, Inc.  | 1276 | 56654 |

---

------

---

| |
|:---|
| **CAMBRIA ENDOWMENT STYLE ETF** |
| **SCHEDULE OF INVESTMENTS (CONTINUED)** |
| **August 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS - 41.2% (CONTINUED)** | **Shares** | **Value**  |
| **Diversified Metals & Mining – 0.0%**<sup>(c)</sup> |  |  |
| Anglo American PLC - ADR  | 0<sup>(e)</sup> | $— |
| **Total Materials** |  | 56654 |
| **<u>Utilities</u> - 1.5%** |  |  |
| **Electric Utilities - 1.5%** |  |  |
| American Electric Power Co., Inc.  | 15901 | 1765329 |
| **TOTAL COMMON STOCKS** (Cost $25,056,830) |  | 48439597 |
| **SHORT-TERM INVESTMENTS** |  |  |
| **MONEY MARKET FUNDS - 5.5%** |  |  |
| First American Government Obligations Fund - Class X, 4.22%<sup>(f)</sup> | 6486044 | 6486044 |
| **TOTAL MONEY MARKET FUNDS** (Cost $6,486,044) |  | 6486044 |
| **TOTAL INVESTMENTS - 99.2% (**Cost $85,565,614**)** |  | $116732568 |
| Other Assets in Excess of Liabilities - 0.8% <sup>(g)</sup> |  | 970762 |
| **TOTAL NET ASSETS - 100.0%** |  | $117703330 |

---

Percentages are stated as a percent of net assets.

ADR - American Depositary Receipt <br> PLC - Public Limited Company

(a) Affiliated security as defined by the Investment Company Act of 1940.

(b) Non-income producing security.

(c) Represents less than 0.05% of net assets.

(d) All or a portion of security has been pledged as collateral for futures contracts. The fair value of assets committed as collateral as of August 31, 2025 is $5,603,886.

(e) Rounds to zero.

(f) The rate shown represents the 7-day annualized effective yield as of August 31, 2025.

(g) Includes cash of $8,740 that is pledged as collateral for futures contracts.

The Global Industry Classification Standard (GICS®) was developed by and/or is the exclusive property of MSCI, Inc. and Standard & Poor's Financial Services LLC ("S&P"). GICS is a service mark of MSCI, Inc. and S&P and has been licensed for use by U.S. Bank Global Fund Services.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **SCHEDULE OF FUTURES CONTRACTS** | **SCHEDULE OF FUTURES CONTRACTS** | **SCHEDULE OF FUTURES CONTRACTS** | **SCHEDULE OF FUTURES CONTRACTS** | **SCHEDULE OF FUTURES CONTRACTS** |
| **August 31, 2025 (Unaudited)** | **August 31, 2025 (Unaudited)** | **August 31, 2025 (Unaudited)** | **August 31, 2025 (Unaudited)** | **August 31, 2025 (Unaudited)** |
| **Description** | **Contracts Purchased** | **Expiration Date** | **Notional Value** | **Value / Unrealized Appreciation (Depreciation)** |
| &nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury 10 Year Notes | 314 | 12/19/2025 | &nbsp;&nbsp;&nbsp;&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35325000 | $19163 |
| **Net Unrealized Appreciation (Depreciation)** | **Net Unrealized Appreciation (Depreciation)** | **Net Unrealized Appreciation (Depreciation)** | **Net Unrealized Appreciation (Depreciation)** | $19163 |

---

------

**CAMBRIA ENDOWMENT STYLE ETF**

**Summary of Fair Value Disclosure as of August 31, 2025 (Unaudited)** 

Cambria Endowment Style ETF (the "Fund") has adopted fair value accounting standards which establish a definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value, a discussion of changes in valuation techniques and related inputs during the period, and expanded disclosure of valuation levels for major security types. These inputs are summarized in the three broad levels listed below. The inputs or valuation methodology used for valuing securities are not an indication of the risk associated with investing in those securities.

Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access.

Level 2 - Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data.

Level 3 - Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Fund's own assumptions about the assumptions a market participant would use in valuing the asset or liability, and based on the best information available.

The following is a summary of the fair valuation hierarchy of the Fund's securities as of August 31, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **DESCRIPTION** | **LEVEL 1** | **LEVEL 2** | **LEVEL 3** | **TOTAL** |
| <u>Investments:</u> |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Exchange Traded Funds | $61806927 | $— | $— | $61806927 |
| &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | 48439597 |  |  | 48439597 |
| &nbsp;&nbsp;&nbsp;&nbsp;Money Market Funds | 6486044 |  |  | 6486044 |
| Total Investments | $116732568 | $— | $— | $116732568 |
| <u>Other Financial Instruments:</u> |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Futures Contracts\* | $19163 | $— | $— | $19163 |
| Total Other Financial Instruments | $19163 | $— | $— | $19163 |

---

\* The fair value of the Fund's investment represents the unrealized appreciation (depreciation) as of August 31, 2025.

Refer to the Schedule of Investments for further disaggregation of investment categories.

During the fiscal period ended August 31, 2025, the Fund did not invest in any Level 3 investments and recognized no transfers to/from Level 3. Transfers between levels are recognized at the end of the reporting period.

**TRANSACTIONS WITH AFFILIATES**

The Fund's transactions with affiliates represent holdings for which it and the underlying exchange-traded funds have the same investment adviser. The Fund had the following transactions with such affiliated funds during the fiscal period ended August 31, 2025:

---

| | |
|:---|:---|
| | **Cambria Tax Aware ETF** |
| Value, Beginning of Period | $— |
| Purchases | 169900 |
| Proceeds from Sales | (126164) |
| Net Realized Gains (Losses) | 16 |
| Change in Unrealized Appreciation (Depreciation) | 265147 |
| Value, End of Period | $308899 |
| Dividend Income | $— |

---

------

**CAMBRIA ENDOWMENT STYLE ETF**

---

| | |
|:---|:---|
| | **Cambria Tax Aware ETF** |
| Shares, Beginning of Period |  |
| Number of Shares Purchased | 16457 |
| Number of Shares Sold | (5040) |
| Shares, End of Period | 11417 |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** EA Series Trust

- **b. Investment Company Act file number:** 811-22961

- **c. CIK number of Registrant:** 0001592900

- **d. LEI of Registrant:** 5493004OW9VWINAYRX18

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

  - **Street Address 1:** 3803 West Chester Pike

  - **City:** Newtown Square

  - **State:** PA

  - **Foreign country:** US

  - **Zip / Postal Code:** 19073

  - **Telephone number:** 2158829983

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

- **a. Name of Series:** Cambria Endowment Style ETF

- **b. EDGAR series identifier (if any):** S000088135

- **c. LEI of Series:** 529900PT6VYU5VEW3A39

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

- **a. Date of fiscal year-end:** 2025-11-30

- **b. Date as of which information is reported:** 2025-08-29

**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:** $117736577.96

**Total Liabilities:** $33346.41

**Net Assets:** $117703231.55

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000254188 | 3.63%                | 2.34%                | 3.04%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1.09                   | $3303651.77                                |
| Month 2  | $7969235.67              | $-5153096.46                               |
| Month 3  | $14552997.29             | $-11433155.74                              |

**Designated Index Information**

- **Index Name:** Long Holdings

- **Index Identifier:** None

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Chevron Corp                                                     | Chevron Corp                                                     | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       790 | NS      | $126874.00    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Automatic Data Processing Inc                                    | Automatic Data Processing Inc                                    | CUSIP: 053015103<br>LEI: HGBOLILQXWER4SAL2I23 | Long             | EC               | CORP              | US        |       366 | NS      | $111282.30    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International Inc                                  | Philip Morris International Inc                                  | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |       715 | NS      | $119497.95    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp                                                 | Exxon Mobil Corp                                                 | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |      2886 | NS      | $329840.94    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| MercadoLibre Inc                                                 | MercadoLibre Inc                                                 | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | US        |        15 | NS      | $37093.65     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Range Resources Corp                                             | Range Resources Corp                                             | CUSIP: 75281A109<br>LEI: H3Y3WLYCX0BTO1TRW162 | Long             | EC               | CORP              | US        |      1608 | NS      | $55106.16     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Costco Wholesale Corp                                            | Costco Wholesale Corp                                            | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |       228 | NS      | $215076.96    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| AECOM                                                            | AECOM                                                            | CUSIP: 00766T100<br>LEI: 0EEB8GF0W0NPCIHZX097 | Long             | EC               | CORP              | US        |      9353 | NS      | $1168096.17   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Mastercard Inc                                                   | Mastercard Inc                                                   | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |      1979 | NS      | $1178078.91   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Berkshire Hathaway Inc                                           | Berkshire Hathaway Inc                                           | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |      1425 | NS      | $716746.50    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Stryker Corp                                                     | Stryker Corp                                                     | CUSIP: 863667101<br>LEI: 5493002F0SC4JTBU5137 | Long             | EC               | CORP              | US        |       312 | NS      | $122119.92    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMORGAN CHASE & CO.                                             | JPMORGAN CHASE & CO.                                             | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |      7850 | NS      | $2366147.00   | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| PepsiCo Inc                                                      | PepsiCo Inc                                                      | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |       883 | NS      | $131257.95    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Cardinal Health Inc                                              | Cardinal Health Inc                                              | CUSIP: 14149Y108<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | EC               | CORP              | US        |       725 | NS      | $107865.50    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Netflix Inc                                                      | Netflix Inc                                                      | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |       155 | NS      | $187278.75    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Gilead Sciences Inc                                              | Gilead Sciences Inc                                              | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |       661 | NS      | $74673.17     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| UnitedHealth Group Inc                                           | UnitedHealth Group Inc                                           | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |       915 | NS      | $283531.05    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM Inc                                                     | QUALCOMM Inc                                                     | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |       373 | NS      | $59952.29     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| AutoZone Inc                                                     | AutoZone Inc                                                     | CUSIP: 053332102<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | EC               | CORP              | US        |       280 | NS      | $1175588.40   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Regeneron Pharmaceuticals Inc                                    | Regeneron Pharmaceuticals Inc                                    | CUSIP: 75886F107<br>LEI: 549300RCBFWIRX3HYQ56 | Long             | EC               | CORP              | US        |      2554 | NS      | $1483107.80   | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Group Inc/The                                      | Goldman Sachs Group Inc/The                                      | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |       700 | NS      | $521675.00    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| NIKE Inc                                                         | NIKE Inc                                                         | CUSIP: 654106103<br>LEI: 787RXPR0UX0O0XUXPZ81 | Long             | EC               | CORP              | US        |      1424 | NS      | $110174.88    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| MongoDB Inc                                                      | MongoDB Inc                                                      | CUSIP: 60937P106<br>LEI: 549300TPTG69WKWE1Z37 | Long             | EC               | CORP              | US        |      6999 | NS      | $2208954.39   | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                                                     | Broadcom Inc                                                     | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |      7896 | NS      | $2348191.44   | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ULTA BEAUTY INC                                                  | ULTA BEAUTY INC                                                  | CUSIP: 90384S303<br>LEI: 529900CIV6HN8M28YM82 | Long             | EC               | CORP              | US        |       198 | NS      | $97560.54     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Crowdstrike Holdings Inc                                         | Crowdstrike Holdings Inc                                         | CUSIP: 22788C105<br>LEI: 549300YBY08K9KM4HX32 | Long             | EC               | CORP              | US        |       249 | NS      | $105501.30    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                                                     | Alphabet Inc                                                     | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |      5611 | NS      | $1198116.83   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                                                     | Alphabet Inc                                                     | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |      5221 | NS      | $1111603.11   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Citizens Financial Group Inc                                     | Citizens Financial Group Inc                                     | CUSIP: 174610105<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | EC               | CORP              | US        |       990 | NS      | $51757.20     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| GoDaddy Inc                                                      | GoDaddy Inc                                                      | CUSIP: 380237107<br>LEI: 549300J8H1TB0I2CB447 | Long             | EC               | CORP              | US        |       875 | NS      | $129771.25    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Unity Software Inc                                               | Unity Software Inc                                               | CUSIP: 91332U101<br>LEI: 549300D1ESJMGNQNG432 | Long             | EC               | CORP              | US        |     29845 | NS      | $1176191.45   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Ingersoll Rand Inc                                               | Ingersoll Rand Inc                                               | CUSIP: 45687V106<br>LEI: 5299004C02FMZCUOIR50 | Long             | EC               | CORP              | US        |       491 | NS      | $39000.13     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Diamondback Energy Inc                                           | Diamondback Energy Inc                                           | CUSIP: 25278X109<br>LEI: 549300R22LSX6OHWEN64 | Long             | EC               | CORP              | US        |       507 | NS      | $75421.32     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| AbbVie Inc                                                       | AbbVie Inc                                                       | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |       934 | NS      | $196513.60    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| United Parcel Service Inc                                        | United Parcel Service Inc                                        | CUSIP: 911312106<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | EC               | CORP              | US        |       390 | NS      | $34101.60     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Pure Storage Inc                                                 | Pure Storage Inc                                                 | CUSIP: 74624M102<br>LEI: 549300NPDB0BZTK3WO90 | Long             | EC               | CORP              | US        |       705 | NS      | $54715.05     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Okta Inc                                                         | Okta Inc                                                         | CUSIP: 679295105<br>LEI: 549300N8J06I8MRHU620 | Long             | EC               | CORP              | US        |     15513 | NS      | $1439141.01   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Marathon Petroleum Corp                                          | Marathon Petroleum Corp                                          | CUSIP: 56585A102<br>LEI: 3BNYRYQHD39K4LCKQF12 | Long             | EC               | CORP              | US        |       495 | NS      | $88956.45     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Xylem Inc/NY                                                     | Xylem Inc/NY                                                     | CUSIP: 98419M100<br>LEI: 549300DF5MV96DRYLQ48 | Long             | EC               | CORP              | US        |      9991 | NS      | $1414325.96   | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| HCA Healthcare Inc                                               | HCA Healthcare Inc                                               | CUSIP: 40412C101<br>LEI: 529900PH4ZGUH2MNEU89 | Long             | EC               | CORP              | US        |       343 | NS      | $138558.28    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc                                                         | Visa Inc                                                         | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |      1421 | NS      | $499879.38    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Tesla Inc                                                        | Tesla Inc                                                        | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |      3336 | NS      | $1113790.32   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Arista Networks Inc                                              | Arista Networks Inc                                              | CUSIP: 040413205<br>LEI: 635400H1WKBLOQERUU95 | Long             | EC               | CORP              | US        |       443 | NS      | $60491.65     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc                                               | Meta Platforms Inc                                               | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |       400 | NS      | $295480.00    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| ServiceNow Inc                                                   | ServiceNow Inc                                                   | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |        55 | NS      | $50460.30     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp                                             | Bank of America Corp                                             | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |      2728 | NS      | $138418.72    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                                   | Morgan Stanley                                                   | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |      1593 | NS      | $239714.64    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| International Business Machines Corp                             | International Business Machines Corp                             | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               | CORP              | US        |       796 | NS      | $193818.04    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Booking Holdings Inc                                             | Booking Holdings Inc                                             | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |        17 | NS      | $95183.85     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Home Depot Inc/The                                               | Home Depot Inc/The                                               | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |       343 | NS      | $139522.11    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| General Mills Inc                                                | General Mills Inc                                                | CUSIP: 370334104<br>LEI: 2TGYMUGI08PO8X8L6150 | Long             | EC               | CORP              | US        |       835 | NS      | $41190.55     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuitive Surgical Inc                                           | Intuitive Surgical Inc                                           | CUSIP: 46120E602<br>LEI: 54930052SRG011710797 | Long             | EC               | CORP              | US        |       220 | NS      | $104124.90    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| FedEx Corp                                                       | FedEx Corp                                                       | CUSIP: 31428X106<br>LEI: 549300E707U7WNPZN687 | Long             | EC               | CORP              | US        |       180 | NS      | $41592.60     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Freeport-McMoRan Inc                                             | Freeport-McMoRan Inc                                             | CUSIP: 35671D857<br>LEI: 549300IRDTHJQ1PVET45 | Long             | EC               | CORP              | US        |      1276 | NS      | $56654.40     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuit Inc                                                       | Intuit Inc                                                       | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |       140 | NS      | $93380.00     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| CSX Corp                                                         | CSX Corp                                                         | CUSIP: 126408103<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | EC               | CORP              | US        |     66585 | NS      | $2164678.35   | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Caterpillar Inc                                                  | Caterpillar Inc                                                  | CUSIP: 149123101<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | EC               | CORP              | US        |       222 | NS      | $93026.88     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson                                                | Johnson & Johnson                                                | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |      1084 | NS      | $192052.28    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| American Express Co                                              | American Express Co                                              | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Long             | EC               | CORP              | US        |       616 | NS      | $204068.48    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| KKR & Co Inc                                                     | KKR & Co Inc                                                     | CUSIP: 48251W104<br>LEI: 549300JOHU21WRN2Z451 | Long             | EC               | CORP              | US        |       531 | NS      | $74069.19     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Micro Devices Inc                                       | Advanced Micro Devices Inc                                       | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               | CORP              | US        |       607 | NS      | $98716.41     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Materials Inc                                            | Applied Materials Inc                                            | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | EC               | CORP              | US        |       463 | NS      | $74431.88     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp                                                      | NVIDIA Corp                                                      | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |     12943 | NS      | $2254411.74   | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| American Electric Power Co Inc                                   | American Electric Power Co Inc                                   | CUSIP: 025537101<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | EC               | CORP              | US        |     15901 | NS      | $1765329.02   | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Analog Devices Inc                                               | Analog Devices Inc                                               | CUSIP: 032654105<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | EC               | CORP              | US        |      1793 | NS      | $450598.83    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Adobe Inc                                                        | Adobe Inc                                                        | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               | CORP              | US        |       436 | NS      | $155521.20    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Abbott Laboratories                                              | Abbott Laboratories                                              | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |       305 | NS      | $40461.30     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc                                                        | Apple Inc                                                        | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |      5100 | NS      | $1183914.00   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Procter & Gamble Co/The                                          | Procter & Gamble Co/The                                          | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |       888 | NS      | $139451.52    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Cheniere Energy Inc                                              | Cheniere Energy Inc                                              | CUSIP: 16411R208<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | EC               | CORP              | US        |       383 | NS      | $92617.06     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertex Pharmaceuticals Inc                                       | Vertex Pharmaceuticals Inc                                       | CUSIP: 92532F100<br>LEI: 54930015RAQRRZ5ZGJ91 | Long             | EC               | CORP              | US        |      3937 | NS      | $1539445.74   | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Walmart Inc                                                      | Walmart Inc                                                      | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |      2984 | NS      | $289388.32    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Williams Cos Inc/The                                             | Williams Cos Inc/The                                             | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |      1070 | NS      | $61931.60     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Wells Fargo & Co                                                 | Wells Fargo & Co                                                 | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |       825 | NS      | $67798.50     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Union Pacific Corp                                               | Union Pacific Corp                                               | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |      1703 | NS      | $380739.71    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com Inc                                                   | Amazon.com Inc                                                   | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |      5119 | NS      | $1172251.00   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Allstate Corp/The                                                | Allstate Corp/The                                                | CUSIP: 020002101<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | EC               | CORP              | US        |       385 | NS      | $78328.25     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Thermo Fisher Scientific Inc                                     | Thermo Fisher Scientific Inc                                     | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | EC               | CORP              | US        |       148 | NS      | $72922.56     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| PulteGroup Inc                                                   | PulteGroup Inc                                                   | CUSIP: 745867101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       645 | NS      | $85152.90     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Progressive Corp/The                                             | Progressive Corp/The                                             | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |      6627 | NS      | $1637266.62   | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Cisco Systems Inc                                                | Cisco Systems Inc                                                | CUSIP: 17275R102<br>LEI: 8E6NF1YAL0WT6CWXXV93 | Long             | EC               | CORP              | US        |      1600 | NS      | $110544.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| TriNet Group Inc                                                 | TriNet Group Inc                                                 | CUSIP: 896288107<br>LEI: 5299003FJVBETSFKE990 | Long             | EC               | CORP              | US        |      1555 | NS      | $112613.10    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Oracle Corp                                                      | Oracle Corp                                                      | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |       983 | NS      | $222285.79    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Norfolk Southern Corp                                            | Norfolk Southern Corp                                            | CUSIP: 655844108<br>LEI: 54930036C8MWP850MI84 | Long             | EC               | CORP              | US        |      2590 | NS      | $725148.20    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp                                                   | Microsoft Corp                                                   | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |      2328 | NS      | $1179574.32   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co Inc                                                   | Merck & Co Inc                                                   | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |       725 | NS      | $60987.00     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Evercore Inc                                                     | Evercore Inc                                                     | CUSIP: 29977A105<br>LEI: 529900P6KLPT95DW3W58 | Long             | EC               | CORP              | US        |       315 | NS      | $101288.25    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| McDonald's Corp                                                  | McDonald's Corp                                                  | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               | CORP              | US        |      1145 | NS      | $359003.30    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Lowe's Cos Inc                                                   | Lowe's Cos Inc                                                   | CUSIP: 548661107<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | EC               | CORP              | US        |      1613 | NS      | $416250.78    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly & Co                                                   | Eli Lilly & Co                                                   | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |       216 | NS      | $158237.28    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Salesforce Inc                                                   | Salesforce Inc                                                   | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |      1387 | NS      | $355418.75    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Media Corp-Liberty Formula One                           | Liberty Media Corp-Liberty Formula One                           | CUSIP: 531229755<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       440 | NS      | $43956.00     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Technology Select Sector SPDR Fund                               | Technology Select Sector SPDR Fund                               | CUSIP: 81369Y803<br>LEI: 549300BR5T0JNM2MW070 | Long             | EC               | RF                | US        |      2640 | NS      | $692868.00    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| On Holding AG                                                    | On Holding AG                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CH        |     35785 | NS      | $1613187.80   | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| STERIS PLC                                                       | STERIS PLC                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | IE        |       251 | NS      | $61510.06     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Allianz SE                                                       | Allianz SE                                                       | CUSIP: 018820100<br>LEI: N/A                  | Long             | EC               | CORP              | DE        |      1413 | NS      | $59758.60     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| SPDR S&P MidCap 400 ETF Trust                                    | SPDR S&P MidCap 400 ETF Trust                                    | CUSIP: 78467Y107<br>LEI: 5493003TT35P3SIWJJ72 | Long             | EC               | RF                | US        |       100 | NS      | $59516.00     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| SPDR S&P 500 ETF Trust                                           | SPDR S&P 500 ETF Trust                                           | CUSIP: 78462F103<br>LEI: 549300NZAMSJ8FXPQQ63 | Long             | EC               | RF                | US        |      2705 | NS      | $1744860.25   | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Health Care Select Sector SPDR Fund                              | Health Care Select Sector SPDR Fund                              | CUSIP: 81369Y209<br>LEI: 549300EJNY3KKJHPOY44 | Long             | EC               | RF                | US        |      4564 | NS      | $627230.52    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Consumer Discretionary Select Sector SPDR Fund                   | Consumer Discretionary Select Sector SPDR Fund                   | CUSIP: 81369Y407<br>LEI: N/A                  | Long             | EC               | RF                | US        |       313 | NS      | $72534.62     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Energy Select Sector SPDR Fund                                   | Energy Select Sector SPDR Fund                                   | CUSIP: 81369Y506<br>LEI: 54930064FLK0RD4TRU75 | Long             | EC               | RF                | US        |       676 | NS      | $61103.64     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Financial Select Sector SPDR Fund                                | Financial Select Sector SPDR Fund                                | CUSIP: 81369Y605<br>LEI: 549300Y12KQ6ZG08NY28 | Long             | EC               | RF                | US        |      1409 | NS      | $76071.91     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Anglo American PLC                                               | Anglo American PLC                                               | CUSIP: 03485P409<br>LEI: N/A                  | Long             | EC               | CORP              | GB        |         0 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Core S&P 500 ETF                                         | iShares Core S&P 500 ETF                                         | CUSIP: 464287200<br>LEI: 5493007M4YMN8XL48C14 | Long             | EC               | RF                | US        |       390 | NS      | $252844.80    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Core S&P Mid-Cap ETF                                     | iShares Core S&P Mid-Cap ETF                                     | CUSIP: 464287507<br>LEI: N/A                  | Long             | EC               | RF                | US        |       825 | NS      | $53757.00     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Core S&P Small-Cap ETF                                   | iShares Core S&P Small-Cap ETF                                   | CUSIP: 464287804<br>LEI: N/A                  | Long             | EC               | RF                | US        |      1327 | NS      | $156639.08    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares S&P 500 Growth ETF                                       | iShares S&P 500 Growth ETF                                       | CUSIP: 464287309<br>LEI: 549300RYFG0B8O3DPR13 | Long             | EC               | RF                | US        |      2848 | NS      | $327235.20    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Russell 3000 ETF                                         | iShares Russell 3000 ETF                                         | CUSIP: 464287689<br>LEI: N/A                  | Long             | EC               | RF                | US        |      5380 | NS      | $1975912.60   | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Russell 2000 ETF                                         | iShares Russell 2000 ETF                                         | CUSIP: 464287655<br>LEI: 549300O80OAR5VTWR172 | Long             | EC               | RF                | US        |       262 | NS      | $61614.54     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard FTSE All-World ex-US ETF                                | Vanguard FTSE All-World ex-US ETF                                | CUSIP: 922042775<br>LEI: N/A                  | Long             | EC               | RF                | US        |      5060 | NS      | $350961.60    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Micro-Cap ETF                                            | iShares Micro-Cap ETF                                            | CUSIP: 464288869<br>LEI: N/A                  | Long             | EC               | RF                | US        |       452 | NS      | $64333.16     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Total Stock Market ETF                                  | Vanguard Total Stock Market ETF                                  | CUSIP: 922908769<br>LEI: N/A                  | Long             | EC               | RF                | US        |      1169 | NS      | $371975.80    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Nestle SA                                                        | Nestle SA                                                        | CUSIP: 641069406<br>LEI: KY37LUS27QQX7BB93L28 | Long             | EC               | CORP              | CH        |      2555 | NS      | $240476.60    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Government Obligations Fund                       | First American Government Obligations Fund                       | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |   6886043 | PA      | $6886043.09   | 5.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Carrier Global Corp                                              | Carrier Global Corp                                              | CUSIP: 14448C104<br>LEI: 549300JE3W6CWY2NAN77 | Long             | EC               | CORP              | US        |       752 | NS      | $49030.40     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackrock Inc                                                    | Blackrock Inc                                                    | CUSIP: 09290D101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       191 | NS      | $215283.74    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co Ltd                        | Taiwan Semiconductor Manufacturing Co Ltd                        | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |      1029 | NS      | $237565.23    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| SAP SE                                                           | SAP SE                                                           | CUSIP: 803054204<br>LEI: N/A                  | Long             | EC               | CORP              | DE        |       182 | NS      | $49533.12     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| L'Oreal SA                                                       | L'Oreal SA                                                       | CUSIP: 502117203<br>LEI: N/A                  | Long             | EC               | CORP              | FR        |       473 | NS      | $44022.11     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Trane Technologies PLC                                           | Trane Technologies PLC                                           | CUSIP: N/A<br>LEI: 549300BURLR9SLYY2705       | Long             | EC               | CORP              | IE        |      2754 | NS      | $1144562.40   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| DBS Group Holdings Ltd                                           | DBS Group Holdings Ltd                                           | CUSIP: 23304Y100<br>LEI: N/A                  | Long             | EC               | CORP              | SG        |       356 | NS      | $56013.04     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Novo Nordisk A/S                                                 | Novo Nordisk A/S                                                 | CUSIP: 670100205<br>LEI: N/A                  | Long             | EC               | CORP              | DK        |      1035 | NS      | $58436.10     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| US 10YR NOTE (CBT)Dec25                                          | US 10YR NOTE (CBT)Dec25                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |       314 | NC      | $19163.42     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| LVMH Moet Hennessy Louis Vuitton SE                              | LVMH Moet Hennessy Louis Vuitton SE                              | CUSIP: 502441306<br>LEI: N/A                  | Long             | EC               | CORP              | FR        |       520 | NS      | $61396.40     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Siemens AG                                                       | Siemens AG                                                       | CUSIP: 826197501<br>LEI: W38RGI023J3WT1HWRP32 | Long             | EC               | CORP              | DE        |       800 | NS      | $111104.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| BAE Systems PLC                                                  | BAE Systems PLC                                                  | CUSIP: 05523R107<br>LEI: 8SVCSVKSGDWMW2QHOH83 | Long             | EC               | CORP              | GB        |       618 | NS      | $58240.32     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| TotalEnergies SE                                                 | TotalEnergies SE                                                 | CUSIP: 89151E109<br>LEI: 529900S21EQ1BO4ESM68 | Long             | EC               | CORP              | FR        |       770 | NS      | $48317.50     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Fairfax Financial Holdings Ltd                                   | Fairfax Financial Holdings Ltd                                   | CUSIP: 303901102<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |        22 | NS      | $37866.84     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| ASML Holding NV                                                  | ASML Holding NV                                                  | CUSIP: N/A<br>LEI: 724500Y6DUVHQD6OXN27       | Long             | EC               | CORP              | NL        |       170 | NS      | $126245.40    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Schneider Electric SE                                            | Schneider Electric SE                                            | CUSIP: 80687P106<br>LEI: N/A                  | Long             | EC               | CORP              | FR        |      1775 | NS      | $87219.06     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Spotify Technology SA                                            | Spotify Technology SA                                            | CUSIP: N/A<br>LEI: 549300B4X0JHWV0DTD60       | Long             | EC               | CORP              | LU        |        83 | NS      | $56596.04     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| CyberArk Software Ltd                                            | CyberArk Software Ltd                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | IL        |       124 | NS      | $56204.24     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Cambria Global Real Estate ETF                                   | Cambria Global Real Estate ETF                                   | CUSIP: 132061813<br>LEI: N/A                  | Long             | EC               | RF                | US        |    228162 | NS      | $5970155.34   | 5.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard International High Dividend Yield ETF                   | Vanguard International High Dividend Yield ETF                   | CUSIP: 921946794<br>LEI: N/A                  | Long             | EC               | RF                | US        |      2225 | NS      | $187100.25    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Cambria Emerging Shareholder Yield ETF                           | Cambria Emerging Shareholder Yield ETF                           | CUSIP: 132061706<br>LEI: N/A                  | Long             | EC               | RF                | US        |    236353 | NS      | $8830148.08   | 7.50%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Broad USD High Yield Corporate Bond ETF                  | iShares Broad USD High Yield Corporate Bond ETF                  | CUSIP: 46435U853<br>LEI: 549300X7H67ZLUE3IZ46 | Long             | EC               | RF                | US        |      3076 | NS      | $115749.88    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco S&P 500 Equal Weight ETF                                 | Invesco S&P 500 Equal Weight ETF                                 | CUSIP: 46137V357<br>LEI: N/A                  | Long             | EC               | RF                | US        |       585 | NS      | $110342.70    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan BetaBuilders Japan ETF                                  | JPMorgan BetaBuilders Japan ETF                                  | CUSIP: 46641Q217<br>LEI: N/A                  | Long             | EC               | RF                | US        |       722 | NS      | $46706.18     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Communication Services Select Sector SPDR Fund                   | Communication Services Select Sector SPDR Fund                   | CUSIP: 81369Y852<br>LEI: 549300RPODKQJE2HDW24 | Long             | EC               | RF                | US        |       952 | NS      | $106043.28    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| WisdomTree US Efficient Core F                                   | WisdomTree US Efficient Core F                                   | CUSIP: 97717Y790<br>LEI: N/A                  | Long             | EC               | RF                | US        |      5143 | NS      | $267847.44    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Cambria Trinity ETF                                              | Cambria Trinity ETF                                              | CUSIP: 132061839<br>LEI: N/A                  | Long             | EC               | RF                | US        |      6531 | NS      | $177860.68    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| iMGP DBi Managed Futures Strategy ETF                            | iMGP DBi Managed Futures Strategy ETF                            | CUSIP: 53700T827<br>LEI: N/A                  | Long             | EC               | RF                | US        |     95593 | NS      | $2480638.35   | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard FTSE Europe ETF                                         | Vanguard FTSE Europe ETF                                         | CUSIP: 922042874<br>LEI: N/A                  | Long             | EC               | RF                | US        |       561 | NS      | $44038.50     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Dimensional International Core Equity Market ETF                 | Dimensional International Core Equity Market ETF                 | CUSIP: 25434V203<br>LEI: N/A                  | Long             | EC               | RF                | US        |      3036 | NS      | $108385.20    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Dimensional US Small Cap ETF                                     | Dimensional US Small Cap ETF                                     | CUSIP: 25434V500<br>LEI: N/A                  | Long             | EC               | RF                | US        |      2435 | NS      | $166383.55    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Dimensional US Small Cap Value ETF                               | Dimensional US Small Cap Value ETF                               | CUSIP: 25434V815<br>LEI: N/A                  | Long             | EC               | RF                | US        |      2306 | NS      | $74622.16     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Simplify Managed Futures Strategy ETF                            | Simplify Managed Futures Strategy ETF                            | CUSIP: 82889N699<br>LEI: N/A                  | Long             | EC               | RF                | US        |     85936 | NS      | $2398473.76   | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Dimensional US Marketwide Value ETF                              | Dimensional US Marketwide Value ETF                              | CUSIP: 25434V724<br>LEI: N/A                  | Long             | EC               | RF                | US        |     22806 | NS      | $1013498.64   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Cambria Chesapeake Pure Trend ETF                                | Cambria Chesapeake Pure Trend ETF                                | CUSIP: 88636J337<br>LEI: N/A                  | Long             | EC               | RF                | US        |    189992 | NS      | $2846061.16   | 2.42%             |  |  |  | No            |                  1 | On Loan: No      |
| SPDR Bloomberg Enhanced Roll Yield Commodity Strategy NO K-1 ETF | SPDR Bloomberg Enhanced Roll Yield Commodity Strategy NO K-1 ETF | CUSIP: 78468R440<br>LEI: N/A                  | Long             | EC               | RF                | US        |    186472 | NS      | $5228674.88   | 4.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Cambria Tax Aware ETF                                            | Cambria Tax Aware ETF                                            | CUSIP: 02072Q804<br>LEI: N/A                  | Long             | EC               | RF                | US        |     11417 | NS      | $308899.49    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Information Technology ETF                              | Vanguard Information Technology ETF                              | CUSIP: 92204A702<br>LEI: N/A                  | Long             | EC               | RF                | US        |       850 | NS      | $592467.00    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Hartford Multifactor Developed Markets ex-US ETF                 | Hartford Multifactor Developed Markets ex-US ETF                 | CUSIP: 518416102<br>LEI: N/A                  | Long             | EC               | RF                | US        |      4524 | NS      | $159606.72    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Cambria Value and Momentum ETF                                   | Cambria Value and Momentum ETF                                   | CUSIP: 132061888<br>LEI: N/A                  | Long             | EC               | RF                | US        |    181682 | NS      | $5889621.73   | 5.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Communication Services ETF                              | Vanguard Communication Services ETF                              | CUSIP: 92204A884<br>LEI: N/A                  | Long             | EC               | RF                | US        |       961 | NS      | $173162.59    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Mid-Cap ETF                                             | Vanguard Mid-Cap ETF                                             | CUSIP: 922908629<br>LEI: N/A                  | Long             | EC               | RF                | US        |       210 | NS      | $60885.30     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Semiconductor ETF                                        | iShares Semiconductor ETF                                        | CUSIP: 464287523<br>LEI: 5493004SPI3IF1GDIR85 | Long             | EC               | RF                | US        |       240 | NS      | $58876.80     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Russell Mid-Cap Value ETF                                | iShares Russell Mid-Cap Value ETF                                | CUSIP: 464287473<br>LEI: N/A                  | Long             | EC               | RF                | US        |       536 | NS      | $74284.24     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| SPDR S&P Insurance ETF                                           | SPDR S&P Insurance ETF                                           | CUSIP: 78464A789<br>LEI: 5493000JPXJASDQETJ56 | Long             | EC               | RF                | US        |      1090 | NS      | $64157.40     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco S&P MidCap Momentum ET                                   | Invesco S&P MidCap Momentum ET                                   | CUSIP: 46137V464<br>LEI: 549300EBCSYSXC6B4270 | Long             | EC               | RF                | US        |       962 | NS      | $126291.36    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Schwab US Large-Cap ETF                                          | Schwab US Large-Cap ETF                                          | CUSIP: 808524201<br>LEI: N/A                  | Long             | EC               | RF                | US        |      2388 | NS      | $61061.16     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard High Dividend Yield ETF                                 | Vanguard High Dividend Yield ETF                                 | CUSIP: 921946406<br>LEI: N/A                  | Long             | EC               | RF                | US        |       405 | NS      | $56367.90     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Russell 1000 Growth ETF                                 | Vanguard Russell 1000 Growth ETF                                 | CUSIP: 92206C680<br>LEI: N/A                  | Long             | EC               | RF                | US        |       681 | NS      | $78090.27     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Schwab US Dividend Equity ETF                                    | Schwab US Dividend Equity ETF                                    | CUSIP: 808524797<br>LEI: 549300MUIMRQQDWJ5226 | Long             | EC               | RF                | US        |     10492 | NS      | $292936.64    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares MSCI USA Min Vol Factor ETF                              | iShares MSCI USA Min Vol Factor ETF                              | CUSIP: 46429B697<br>LEI: N/A                  | Long             | EC               | RF                | US        |       527 | NS      | $49675.02     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Core MSCI Emerging Markets ETF                           | iShares Core MSCI Emerging Markets ETF                           | CUSIP: 46434G103<br>LEI: N/A                  | Long             | EC               | RF                | US        |      1315 | NS      | $81648.35     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Cambria Shareholder Yield ETF                                    | Cambria Shareholder Yield ETF                                    | CUSIP: 132061201<br>LEI: N/A                  | Long             | EC               | RF                | US        |      1136 | NS      | $79042.88     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Cambria Foreign Shareholder Yield ETF                            | Cambria Foreign Shareholder Yield ETF                            | CUSIP: 132061300<br>LEI: N/A                  | Long             | EC               | RF                | US        |    284849 | NS      | $8838864.47   | 7.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Cambria Global Value ETF                                         | Cambria Global Value ETF                                         | CUSIP: 132061409<br>LEI: N/A                  | Long             | EC               | RF                | US        |    205193 | NS      | $5915714.19   | 5.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Wisdomtree Emerging Markets EX-State-Owned Enterprises Fund      | Wisdomtree Emerging Markets EX-State-Owned Enterprises Fund      | CUSIP: 97717X578<br>LEI: N/A                  | Long             | EC               | RF                | US        |      1438 | NS      | $51192.80     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard S&P 500 ETF                                             | Vanguard S&P 500 ETF                                             | CUSIP: 922908363<br>LEI: N/A                  | Long             | EC               | RF                | US        |      2819 | NS      | $1671892.52   | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-29

**Name of Applicant:** EA Series Trust

**Signature:** /s/ Sean Hegarty

**Name of Signer:** Sean Hegarty

**Title:** Treasurer