# EDGAR Filing Document

**Accession Number:** 0001592900
**File Stem:** 0001592900-25-003556
**Filing Date:** 2025-10
**Character Count:** 27255
**Document Hash:** ffcf0a79c81a8d88a2b8bddecf1c245a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001592900-25-003556.hdr.sgml**: 20251030

**ACCESSION NUMBER**: 0001592900-25-003556

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250829

**FILED AS OF DATE**: 20251030

**DATE AS OF CHANGE**: 20251030

**PERIOD START**: 20260531

**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
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22961
- **FILM NUMBER:** 251434609

**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

### Towle Value ETF (Series ID: S000093635)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000262035 | Towle Value ETF | TCV             |

## Nport-Ex

---

| |
|:---|
| **TOWLE VALUE ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **August 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS - 98.3%** | **Shares** | **Value**  |
| **<u>Consumer Discretionary</u> - 25.1%**<sup>(a)</sup> | |  |
| **Apparel Retail - 1.4%** |  |  |
| Zumiez, Inc. <sup>(b)</sup> | 70215 | $1206996 |
| **Apparel, Accessories & Luxury Goods - 1.9%** |  |  |
| Under Armour, Inc. - Class A <sup>(b)</sup> | 340943 | 1704715 |
| **Automotive Parts & Equipment - 7.3%** |  |  |
| Adient PLC <sup>(b)</sup> | 82184 | 2038163 |
| Lear Corp.  | 19678 | 2164580 |
| Magna International, Inc.  | 49247 | 2260437 |
|  |  | 6463180 |
| **Automotive Retail - 8.4%** |  |  |
| Asbury Automotive Group, Inc. <sup>(b)</sup> | 7926 | 1993706 |
| AutoNation, Inc. <sup>(b)</sup> | 11698 | 2562798 |
| Sonic Automotive, Inc. - Class A  | 34009 | 2795200 |
|  |  | 7351704 |
| **Homebuilding - 2.5%** |  |  |
| Hovnanian Enterprises, Inc. - Class A <sup>(b)</sup> | 15440 | 2167158 |
| **Restaurants - 1.7%** |  |  |
| Bloomin' Brands, Inc.  | 205672 | 1511689 |
| **Tires & Rubber - 1.9%** |  |  |
| Goodyear Tire & Rubber Co. <sup>(b)</sup> | 200481 | 1700079 |
| **Total Consumer Discretionary** |  | 22105521 |
| **<u>Consumer Staples</u> - 6.4%** |  |  |
| **Agricultural Products & Services - 1.9%** |  |  |
| Bunge Global SA  | 19572 | 1648354 |
| **Food Retail - 1.6%** |  |  |
| Albertsons Cos., Inc. - Class A  | 72569 | 1412193 |
| **Packaged Foods & Meats - 2.9%** |  |  |
| Tyson Foods, Inc. - Class A  | 44940 | 2551693 |
| **Total Consumer Staples** |  | 5612240 |
| **<u>Energy</u> - 19.1%** |  |  |
| **Oil & Gas Equipment & Services - 2.8%** |  |  |
| Liberty Energy, Inc.  | 96957 | 1090767 |
| ProPetro Holding Corp. <sup>(b)</sup> | 270082 | 1377418 |
|  |  | 2468185 |

---

------

---

| |
|:---|
| **TOWLE VALUE ETF** |
| **SCHEDULE OF INVESTMENTS (CONTINUED)** |
| **August 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS - 98.3% (CONTINUED)** | **Shares** | **Value**  |
| **Oil & Gas Refining & Marketing - 16.3%** |  |  |
| Delek US Holdings, Inc.  | 119046 | $3298765 |
| HF Sinclair Corp.  | 60106 | 3058193 |
| Par Pacific Holdings, Inc. <sup>(b)</sup> | 124641 | 4317564 |
| PBF Energy, Inc. - Class A  | 78020 | 2131506 |
| World Kinect Corp.  | 60344 | 1617823 |
|  |  | 14423851 |
| **Total Energy** |  | 16892036 |
| **<u>Financials</u> - 2.4%** |  |  |
| **Consumer Finance - 2.4%** |  |  |
| Ally Financial, Inc.  | 51498 | 2113993 |
| **<u>Health Care</u> - 1.2%** |  |  |
| **Health Care Distributors - 1.2%** |  |  |
| Owens & Minor, Inc. <sup>(b)</sup> | 210060 | 1029294 |
| **<u>Industrials</u> - 20.7%** |  |  |
| **Agricultural & Farm Machinery - 2.3%** |  |  |
| Titan International, Inc. <sup>(b)</sup> | 233896 | 2062963 |
| **Cargo Ground Transportation - 2.6%** |  |  |
| ArcBest Corp.  | 31598 | 2330668 |
| **Construction & Engineering - 1.9%** |  |  |
| MYR Group, Inc. <sup>(b)</sup> | 9083 | 1700973 |
| **Construction Machinery & Heavy Transportation Equipment - 4.4%** |  |  |
| Oshkosh Corp.  | 12512 | 1743797 |
| Wabash National Corp.  | 188575 | 2091297 |
|  |  | 3835094 |
| **Passenger Airlines - 5.4%** |  |  |
| Alaska Air Group, Inc. <sup>(b)</sup> | 35576 | 2233461 |
| Southwest Airlines Co.  | 76543 | 2518265 |
|  |  | 4751726 |
| **Passenger Ground Transportation - 2.4%** |  |  |
| Lyft, Inc. - Class A <sup>(b)</sup> | 129504 | 2100555 |
| **Trading Companies & Distributors - 1.7%** |  |  |
| BlueLinx Holdings, Inc. <sup>(b)</sup> | 18029 | 1489376 |
| **Total Industrials** |  | 18271355 |

---

------

---

| |
|:---|
| **TOWLE VALUE ETF** |
| **SCHEDULE OF INVESTMENTS (CONTINUED)** |
| **August 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS - 98.3% (CONTINUED)** | **Shares** | **Value**  |
| **<u>Information Technology</u> - 12.1%** | |  |
| **Electronic Manufacturing Services - 3.6%** |  |  |
| Methode Electronics, Inc.  | 184239 | $1424167 |
| Sanmina Corp. <sup>(b)</sup> | 14663 | 1723196 |
|  |  | 3147363 |
| **IT Consulting & Other Services - 1.9%** |  |  |
| DXC Technology Co. <sup>(b)</sup> | 118090 | 1706401 |
| **Technology Distributors - 6.6%** |  |  |
| Arrow Electronics, Inc. <sup>(b)</sup> | 17830 | 2252464 |
| Avnet, Inc.  | 34110 | 1861383 |
| TD SYNNEX Corp.  | 11567 | 1712725 |
|  |  | 5826572 |
| **Total Information Technology** |  | 10680336 |
| **<u>Materials</u> - 8.5%** |  |  |
| **Paper Products - 1.5%** |  |  |
| Clearwater Paper Corp. <sup>(b)</sup> | 63329 | 1366007 |
| **Steel - 7.0%** |  |  |
| Alpha Metallurgical Resources, Inc. <sup>(b)</sup> | 14768 | 2203238 |
| Metallus, Inc. <sup>(b)</sup> | 120081 | 1972931 |
| Ryerson Holding Corp.  | 86153 | 1964288 |
|  |  | 6140457 |
| **Total Materials** |  | 7506464 |
| **<u>Real Estate</u> - 2.8%** |  |  |
| **Real Estate Services - 2.8%** |  |  |
| Cushman & Wakefield PLC <sup>(b)</sup> | 156222 | 2463621 |
| **TOTAL COMMON STOCKS** (Cost $76,076,598) |  | 86674860 |
| **SHORT-TERM INVESTMENTS** |  |  |
| **MONEY MARKET FUNDS - 1.7%** | **Shares** | **Value**  |
| First American Government Obligations Fund - Class X, 4.22%<sup>(c)</sup> | 1492447 | 1492447 |
| **TOTAL MONEY MARKET FUNDS** (Cost $1,492,447) |  | 1492447 |
| **TOTAL INVESTMENTS - 100.0% (**Cost $77,569,045**)** |  | $88167307 |
| Other Assets in Excess of Liabilities - 0.0% <sup>(d)</sup> |  | 40350 |
| **TOTAL NET ASSETS - 100.0%** |  | $88207657 |

---

Percentages are stated as a percent of net assets.

PLC - Public Limited Company

------

---

| |
|:---|
| **TOWLE VALUE ETF** |
| **SCHEDULE OF INVESTMENTS (CONTINUED)** |
| **August 31, 2025 (Unaudited)** |

---

(a) <br> To the extent that the Fund invests more heavily in a particular industry or sector of the economy, its performance will be especially sensitive to developments that significantly affect those industries or sectors.

(b) <br> Non-income producing security.

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

(d) <br> Represents less than 0.05% of net assets.

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.

------

**TOWLE VALUE ETF**

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

Towle Value 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>Assets</u>** | | | | |
| &nbsp;&nbsp;Common Stocks | $86674860 | $— | $— | $86674860 |
| &nbsp;&nbsp;Money Market Funds | 1492447 |  |  | 1492447 |
| **Total Investments** | $88167307 | $— | $— | $88167307 |

---

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.

## 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:** Towle Value ETF

- **b. EDGAR series identifier (if any):** S000093635

- **c. LEI of Series:** 529900ILWMKK5NA6XM82

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

- **a. Date of fiscal year-end:** 2026-05-31

- **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:** $89798013.83

**Total Liabilities:** $1590355.94

**Net Assets:** $88207657.89

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000262035 |  | -5.28%               | 7.75%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  |  |  |
| Month 2  | $-146403.78              | $5191581.75                                |
| Month 3  | $771967.47               | $5406680.36                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Albertsons Cos Inc                         | Albertsons Cos Inc                         | CUSIP: 013091103<br>LEI: 549300YKWOC0AOR16R51 | Long             | EC               | CORP              | US        |     72569 | NS      | $1412192.74   | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Metallus Inc                               | Metallus Inc                               | CUSIP: 887399103<br>LEI: 549300QZTZWHDE9HJL14 | Long             | EC               | CORP              | US        |    120081 | NS      | $1972930.83   | 2.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Lyft Inc                                   | Lyft Inc                                   | CUSIP: 55087P104<br>LEI: 549300H7I5VN334XVZ52 | Long             | EC               | CORP              | US        |    129504 | NS      | $2100554.88   | 2.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Par Pacific Holdings Inc                   | Par Pacific Holdings Inc                   | CUSIP: 69888T207<br>LEI: 549300BTNS7MHSHRLR55 | Long             | EC               | CORP              | US        |    124641 | NS      | $4317564.24   | 4.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Bloomin' Brands Inc                        | Bloomin' Brands Inc                        | CUSIP: 094235108<br>LEI: E1UJ2GO305B5FXGV7N04 | Long             | EC               | CORP              | US        |    205672 | NS      | $1511689.20   | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| PBF Energy Inc                             | PBF Energy Inc                             | CUSIP: 69318G106<br>LEI: 2549003PBEDCSZMZIY02 | Long             | EC               | CORP              | US        |     78020 | NS      | $2131506.40   | 2.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryerson Holding Corp                       | Ryerson Holding Corp                       | CUSIP: 783754104<br>LEI: 549300JMA41B3ZHOVE45 | Long             | EC               | CORP              | US        |     86153 | NS      | $1964288.40   | 2.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Zumiez Inc                                 | Zumiez Inc                                 | CUSIP: 989817101<br>LEI: 549300J0PDF58P6HZD25 | Long             | EC               | CORP              | US        |     70215 | NS      | $1206995.85   | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Lear Corp                                  | Lear Corp                                  | CUSIP: 521865204<br>LEI: 549300UPNBTXA1SYTQ33 | Long             | EC               | CORP              | US        |     19678 | NS      | $2164580.00   | 2.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Clearwater Paper Corp                      | Clearwater Paper Corp                      | CUSIP: 18538R103<br>LEI: 549300HCVV19GXN4P292 | Long             | EC               | CORP              | US        |     63329 | NS      | $1366006.53   | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| BlueLinx Holdings Inc                      | BlueLinx Holdings Inc                      | CUSIP: 09624H208<br>LEI: 549300YSX7GU28F5I540 | Long             | EC               | CORP              | US        |     18029 | NS      | $1489375.69   | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Alpha Metallurgical Resources Inc          | Alpha Metallurgical Resources Inc          | CUSIP: 020764106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     14768 | NS      | $2203237.92   | 2.50%             |  |  |  | No            |                  1 | On Loan: No      |
| DXC Technology Co                          | DXC Technology Co                          | CUSIP: 23355L106<br>LEI: 549300DOVZ3EDJB7O259 | Long             | EC               | CORP              | US        |    118090 | NS      | $1706400.50   | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| ProPetro Holding Corp                      | ProPetro Holding Corp                      | CUSIP: 74347M108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    270082 | NS      | $1377418.20   | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Delek US Holdings Inc                      | Delek US Holdings Inc                      | CUSIP: 24665A103<br>LEI: 5493003O53JMENV1N385 | Long             | EC               | CORP              | US        |    119046 | NS      | $3298764.66   | 3.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Energy Inc                         | Liberty Energy Inc                         | CUSIP: 53115L104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     96957 | NS      | $1090766.25   | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| HF Sinclair Corp                           | HF Sinclair Corp                           | CUSIP: 403949100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     60106 | NS      | $3058193.28   | 3.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Magna International Inc                    | Magna International Inc                    | CUSIP: 559222401<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     49247 | NS      | $2260437.30   | 2.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Adient PLC                                 | Adient PLC                                 | CUSIP: N/A<br>LEI: 5493002QLDY8O75RTR78       | Long             | EC               | CORP              | IE        |     82184 | NS      | $2038163.20   | 2.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Bunge Global SA                            | Bunge Global SA                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CH        |     19572 | NS      | $1648353.84   | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Government Obligations Fund | First American Government Obligations Fund | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |   1491065 | PA      | $1491065.31   | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Cushman & Wakefield PLC                    | Cushman & Wakefield PLC                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | GB        |    156222 | NS      | $2463620.94   | 2.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Owens & Minor Inc                          | Owens & Minor Inc                          | CUSIP: 690732102<br>LEI: 549300LMT5KQQXCEZ733 | Long             | EC               | CORP              | US        |    210060 | NS      | $1029294.00   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Alaska Air Group Inc                       | Alaska Air Group Inc                       | CUSIP: 011659109<br>LEI: 529900G48RT4KWLC6C27 | Long             | EC               | CORP              | US        |     35576 | NS      | $2233461.28   | 2.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Sonic Automotive Inc                       | Sonic Automotive Inc                       | CUSIP: 83545G102<br>LEI: 549300NTLRGJ2JCBZU03 | Long             | EC               | CORP              | US        |     34009 | NS      | $2795199.71   | 3.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Titan International Inc                    | Titan International Inc                    | CUSIP: 88830M102<br>LEI: 254900CXRGBE7C4B5A06 | Long             | EC               | CORP              | US        |    233896 | NS      | $2062962.72   | 2.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Tyson Foods Inc                            | Tyson Foods Inc                            | CUSIP: 902494103<br>LEI: WD6L6041MNRW1JE49D58 | Long             | EC               | CORP              | US        |     44940 | NS      | $2551693.20   | 2.89%             |  |  |  | No            |                  1 | On Loan: No      |
| AutoNation Inc                             | AutoNation Inc                             | CUSIP: 05329W102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11698 | NS      | $2562797.84   | 2.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Ally Financial Inc                         | Ally Financial Inc                         | CUSIP: 02005N100<br>LEI: 549300JBN1OSM8YNAI90 | Long             | EC               | CORP              | US        |     51498 | NS      | $2113992.90   | 2.40%             |  |  |  | No            |                  1 | On Loan: No      |
| MYR Group Inc                              | MYR Group Inc                              | CUSIP: 55405W104<br>LEI: 529900G1IMMZHOQ17I54 | Long             | EC               | CORP              | US        |      9083 | NS      | $1700973.41   | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Arrow Electronics Inc                      | Arrow Electronics Inc                      | CUSIP: 042735100<br>LEI: 549300YNNLBXT8N8R512 | Long             | EC               | CORP              | US        |     17830 | NS      | $2252463.90   | 2.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Avnet Inc                                  | Avnet Inc                                  | CUSIP: 053807103<br>LEI: XJI53DCPL7QABOWK4Z75 | Long             | EC               | CORP              | US        |     34110 | NS      | $1861382.70   | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Sanmina Corp                               | Sanmina Corp                               | CUSIP: 801056102<br>LEI: X5K24XLM8QYRXF00EB42 | Long             | EC               | CORP              | US        |     14663 | NS      | $1723195.76   | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Asbury Automotive Group Inc                | Asbury Automotive Group Inc                | CUSIP: 043436104<br>LEI: 549300JH4DTA7U42GL91 | Long             | EC               | CORP              | US        |      7926 | NS      | $1993706.04   | 2.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Hovnanian Enterprises Inc                  | Hovnanian Enterprises Inc                  | CUSIP: 442487401<br>LEI: 549300805N4EF0ROBT53 | Long             | EC               | CORP              | US        |     15440 | NS      | $2167158.40   | 2.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Goodyear Tire & Rubber Co/The              | Goodyear Tire & Rubber Co/The              | CUSIP: 382550101<br>LEI: 5493002BI0S2ZQUY3437 | Long             | EC               | CORP              | US        |    200481 | NS      | $1700078.88   | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| TD SYNNEX Corp                             | TD SYNNEX Corp                             | CUSIP: 87162W100<br>LEI: 5493004HI6PFLF46NS53 | Long             | EC               | CORP              | US        |     11567 | NS      | $1712725.69   | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Wabash National Corp                       | Wabash National Corp                       | CUSIP: 929566107<br>LEI: 5299004ZAWHQZI5XO485 | Long             | EC               | CORP              | US        |    188575 | NS      | $2091296.75   | 2.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Oshkosh Corp                               | Oshkosh Corp                               | CUSIP: 688239201<br>LEI: 549300FEKNPCFSA2B506 | Long             | EC               | CORP              | US        |     12512 | NS      | $1743797.44   | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| ArcBest Corp                               | ArcBest Corp                               | CUSIP: 03937C105<br>LEI: 5493006S3KBNE8ZS3J23 | Long             | EC               | CORP              | US        |     31598 | NS      | $2330668.48   | 2.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Under Armour Inc                           | Under Armour Inc                           | CUSIP: 904311107<br>LEI: 549300D4549QKWETZ406 | Long             | EC               | CORP              | US        |    340943 | NS      | $1704715.00   | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Methode Electronics Inc                    | Methode Electronics Inc                    | CUSIP: 591520200<br>LEI: 529900VM413LGLUS3F07 | Long             | EC               | CORP              | US        |    184239 | NS      | $1424167.47   | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Southwest Airlines Co                      | Southwest Airlines Co                      | CUSIP: 844741108<br>LEI: UDTZ87G0STFETI6HGH41 | Long             | EC               | CORP              | US        |     76543 | NS      | $2518264.70   | 2.85%             |  |  |  | No            |                  1 | On Loan: No      |
| World Kinect Corp                          | World Kinect Corp                          | CUSIP: 981475106<br>LEI: D3W7PCXCBRQLL17DZ313 | Long             | EC               | CORP              | US        |     60344 | NS      | $1617822.64   | 1.83%             |  |  |  | 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