# EDGAR Filing Document

**Accession Number:** 0002013853
**File Stem:** 0000910472-25-004103
**Filing Date:** 2025-11
**Character Count:** 46273
**Document Hash:** e58d47ec31a4f631f185e488dd1d34ad
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-25-004103.hdr.sgml**: 20251126

**ACCESSION NUMBER**: 0000910472-25-004103

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251126

**DATE AS OF CHANGE**: 20251125

**PERIOD START**: 20250930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** New Age Alpha Funds Trust
- **CENTRAL INDEX KEY:** 0002013853

**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:** 811-23945
- **FILM NUMBER:** 251522887

**BUSINESS ADDRESS:**
- **STREET 1:** 555 THEODORE FREMD AVENUE
- **STREET 2:** SUITE A-101
- **CITY:** RYE
- **STATE:** NY
- **ZIP:** 10580
- **BUSINESS PHONE:** 212-922-2699

**MAIL ADDRESS:**
- **STREET 1:** 555 THEODORE FREMD AVENUE
- **STREET 2:** SUITE A-101
- **CITY:** RYE
- **STATE:** NY
- **ZIP:** 10580

## Series and Classes Contracts Data

### NAA Mid Growth Fund (Series ID: S000087628)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000253481 | Institutional Class |  |
| C000253483 | Class C             |  |
| C000253484 | Class A             |  |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** New Age Alpha Funds Trust

- **b. Investment Company Act file number:** 811-23945

- **c. CIK number of Registrant:** 0002013853

- **d. LEI of Registrant:** 529900860B9CQ8SDNS27

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

  - **Street Address 1:** 555 Theodore Fremd Avenue

  - **City:** Rye

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10580

  - **Telephone number:** 212-922-2699

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

- **a. Name of Series:** NAA MID GROWTH FUND

- **b. EDGAR series identifier (if any):** S000087628

- **c. LEI of Series:** 529900AHGTLUBB1VL311

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

- **a. Date of fiscal year-end:** 2025-09-30

- **b. Date as of which information is reported:** 2025-09-30

**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:** $72231859.91

**Total Liabilities:** $155571.86

**Net Assets:** $72076288.05

**Cash Not Reported:** $1651.11

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000253484 | 2.21%                | 1.04%                | -0.49%               |
| Class ID C000253483 | 2.14%                | 0.99%                | -0.58%               |
| Class ID C000253481 | 2.24%                | 1.07%                | -0.49%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $142785.90               | $1537040.46                                |
| Month 2  | $72885.77                | $708648.45                                 |
| Month 3  | $27041.78                | $-378144.61                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| United Therapeutics Corporation              | United Therapeutics Corporation          | CUSIP: 91307C102<br>LEI: 5299005C4HZL4UWROC14 | Long             | EC               | CORP              | US        |      2789 | NS      | $1169176.69   | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Saia Inc                                     | Saia, Inc.                               | CUSIP: 78709Y105<br>LEI: 549300WNPG4N9GBOYB29 | Long             | EC               | CORP              | US        |      1724 | NS      | $516096.64    | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| BWX Technologies Inc.                        | BWX Technologies, Inc.                   | CUSIP: 05605H100<br>LEI: 549300NP85N265KWMS58 | Long             | EC               | CORP              | US        |      5484 | NS      | $1011085.08   | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Owens Corning                                | Owens Corning                            | CUSIP: 690742101<br>LEI: JO5M6676RDJIZ2U8X907 | Long             | EC               | CORP              | US        |      5829 | NS      | $824570.34    | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinsale Capital Group Inc                    | Kinsale Capital Group, Inc.              | CUSIP: 49714P108<br>LEI: 529900QTUQHNZ6HOA508 | Long             | EC               | CORP              | US        |      1415 | NS      | $601742.90    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Medpace Holdings Inc.                        | Medpace Holdings, Inc.                   | CUSIP: 58506Q109<br>LEI: 549300H8TYEUVTW14A54 | Long             | EC               | CORP              | US        |      1525 | NS      | $784094.00    | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| SLM Corp.                                    | SLM Corporation                          | CUSIP: 78442P106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     13400 | NS      | $370912.00    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                          | BBH Overnight Sweep                      | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | CORP              | US        |    350277 | PA      | $350277.22    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Alliance Bancorp                     | Western Alliance Bancorp                 | CUSIP: 957638109<br>LEI: 5493003VJXZ5JXT9S762 | Long             | EC               | CORP              | US        |      7242 | NS      | $628026.24    | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Wingstop Inc                                 | Wingstop, Inc.                           | CUSIP: 974155103<br>LEI: 549300SSH3F8HPIM3Q47 | Long             | EC               | CORP              | US        |      1948 | NS      | $490272.64    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Primerica, Inc.                              | Primerica, Inc.                          | CUSIP: 74164M108<br>LEI: 254900621R686KJR7022 | Long             | EC               | CORP              | US        |      2103 | NS      | $583771.77    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Boyd Gaming Corporation                      | Boyd Gaming Corporation                  | CUSIP: 103304101<br>LEI: 254900787YGRYS2A1Z35 | Long             | EC               | CORP              | US        |      2354 | NS      | $203503.30    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| ITT Inc                                      | ITT, Inc.                                | CUSIP: 45073V108<br>LEI: 549300KDSERHTJOXUS80 | Long             | EC               | CORP              | US        |      3604 | NS      | $644251.04    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Travel Plus Leisure Co                       | Travel + Leisure Company                 | CUSIP: 894164102<br>LEI: T4VNTWMFQ7JQB65L7T35 | Long             | EC               | CORP              | US        |      4396 | NS      | $261518.04    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Docusign Inc                                 | Docusign, Inc.                           | CUSIP: 256163106<br>LEI: 549300Q7PVDWRZ39JG09 | Long             | EC               | CORP              | US        |     13282 | NS      | $957499.38    | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Novanta Inc                                  | Novanta, Inc.                            | CUSIP: 67000B104<br>LEI: 549300NBPHPTUPTS8070 | Long             | EC               | CORP              | US        |      1493 | NS      | $149523.95    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Permian Resources Corp                       | Permian Resources Corporation            | CUSIP: 71424F105<br>LEI: 529900NXUJPOKU7OJ511 | Long             | EC               | CORP              | US        |     39005 | NS      | $499264.00    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Tenet Healthcare Corporation                 | Tenet Healthcare Corporation             | CUSIP: 88033G407<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | EC               | CORP              | US        |      3396 | NS      | $689523.84    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Churchill Downs Inc                          | Churchill Downs, Inc.                    | CUSIP: 171484108<br>LEI: 529900FODTBQC8MIS994 | Long             | EC               | CORP              | US        |      4762 | NS      | $461961.62    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Universal Display Corp.                      | Universal Display Corporation            | CUSIP: 91347P105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1367 | NS      | $196342.21    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Weatherford International Plc                | Weatherford International PLC            | CUSIP: G48833118<br>LEI: 529900LPBDSCQDJKHQ39 | Long             | EC               | CORP              | US        |      2236 | NS      | $153009.48    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| AppFolio Inc.                                | APPFOLIO, INC. CLASS A                   | CUSIP: 03783C100<br>LEI: 529900OOUUGT6JFC0S15 | Long             | EC               | CORP              | US        |      1506 | NS      | $415143.96    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Louisiana Pacific Corporation                | Louisiana-Pacific Corporation            | CUSIP: 546347105<br>LEI: 549300C7E2UAO5BVRR75 | Long             | EC               | CORP              | US        |      4161 | NS      | $369663.24    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Topbuild Corporation                         | TopBuild Corporation                     | CUSIP: 89055F103<br>LEI: 5493007YSKHOL4RWII46 | Long             | EC               | CORP              | US        |      1888 | NS      | $737943.68    | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Emcor Group Inc                              | EMCOR Group, Inc.                        | CUSIP: 29084Q100<br>LEI: 529900X0SQJB2J7YDU43 | Long             | EC               | CORP              | US        |      2100 | NS      | $1364034.00   | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Cirrus Logic, Inc.                           | Cirrus Logic, Inc.                       | CUSIP: 172755100<br>LEI: 549300NKSJEM5ZZSSV18 | Long             | EC               | CORP              | US        |      2095 | NS      | $262482.55    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Donaldson Co Inc                             | Donaldson Company, Inc.                  | CUSIP: 257651109<br>LEI: OZE6KXY9QQPR8EJ8WL20 | Long             | EC               | CORP              | US        |      4500 | NS      | $368325.00    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| American Homes 4 Rent                        | American Homes 4 Rent Class A            | CUSIP: 02665T306<br>LEI: 549300ZJUO7A58PNUW40 | Long             | EC               | CORP              | US        |      7818 | NS      | $259948.50    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Public Service Enterprise Group Incorporated | Public Service Enterprise Group, Inc.    | CUSIP: 744573106<br>LEI: PUSS41EMO3E6XXNV3U28 | Long             | EC               | CORP              | US        |      7584 | NS      | $632960.64    | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| ESAB Corp.                                   | ESAB Corporation                         | CUSIP: 29605J106<br>LEI: 549300ZNV0SWBXEIWT04 | Long             | EC               | CORP              | US        |      3901 | NS      | $435897.74    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Guidewire Software Inc                       | Guidewire Software, Inc.                 | CUSIP: 40171V100<br>LEI: 549300WXSG0J8IXZCK32 | Long             | EC               | CORP              | US        |      4135 | NS      | $950471.10    | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Aptargroup Inc.                              | AptarGroup, Inc.                         | CUSIP: 038336103<br>LEI: VNPEQDQFAA7IY1T2PX43 | Long             | EC               | CORP              | US        |      2284 | NS      | $305279.44    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Clean Harbors, Inc.                          | Clean Harbors, Inc.                      | CUSIP: 184496107<br>LEI: 5493000SJVZVZJKHJF48 | Long             | EC               | CORP              | US        |      3196 | NS      | $742175.12    | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| DT Midstream Inc                             | DT Midstream, Inc.                       | CUSIP: 23345M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6456 | NS      | $729915.36    | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Ecolab Inc.                                  | Ecolab, Inc.                             | CUSIP: 278865100<br>LEI: 82DYEISM090VG8LTLS26 | Long             | EC               | CORP              | US        |      3921 | NS      | $1073805.06   | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| BJ Wholesale Club Holdings Inc               | BJ's Wholesale Club Holdings, Inc.       | CUSIP: 05550J101<br>LEI: 549300UCIWH1C93V0J03 | Long             | EC               | CORP              | US        |      4013 | NS      | $374212.25    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| NVent Electric PLC                           | nVent Electric PLC                       | CUSIP: G6700G107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10170 | NS      | $1003168.80   | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Trust                                | ISHARES RUSSEL MIDCAP                    | CUSIP: 464287481<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |      4203 | NS      | $598549.23    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| MGIC Investment Corp.                        | MGIC Investment Corporation              | CUSIP: 552848103<br>LEI: 254900S8483WM4M98R28 | Long             | EC               | CORP              | US        |      7108 | NS      | $201653.96    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| The New York Times Company                   | New York Times Company (The) Class A     | CUSIP: 650111107<br>LEI: 529900J1WEMMIW7BOH57 | Long             | EC               | CORP              | US        |      5754 | NS      | $330279.60    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Simpson Manufacturing Co Inc.                | Simpson Manufacturing Company, Inc.      | CUSIP: 829073105<br>LEI: 529900EJUNNL15LZ8056 | Long             | EC               | CORP              | US        |      1862 | NS      | $311810.52    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Neurocrine Biosciences Inc                   | Neurocrine Biosciences, Inc.             | CUSIP: 64125C109<br>LEI: 549300FECER0XBN49756 | Long             | EC               | CORP              | US        |      6208 | NS      | $871479.04    | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Hamilton Lane Inc                            | Hamilton Lane, Inc.                      | CUSIP: 407497106<br>LEI: 5493006OKN3V1NORM833 | Long             | EC               | CORP              | US        |      3071 | NS      | $413940.09    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Allegion PLC                                 | Allegion plc                             | CUSIP: G0176J109<br>LEI: 984500560CAC2E6FB757 | Long             | EC               | CORP              | IE        |      1555 | NS      | $275779.25    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Block(H&R)Inc                                | H&R Block, Inc.                          | CUSIP: 093671105<br>LEI: 549300CE3KUCWLZBG404 | Long             | EC               | CORP              | US        |      8551 | NS      | $432424.07    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Lennox International Inc.                    | Lennox International, Inc.               | CUSIP: 526107107<br>LEI: S7DWAC87RDMPBF77GJ92 | Long             | EC               | CORP              | US        |      1080 | NS      | $571708.80    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| E L F Beauty Inc                             | e.l.f. Beauty, Inc.                      | CUSIP: 26856L103<br>LEI: 549300U2K9TCON25C029 | Long             | EC               | CORP              | US        |      3482 | NS      | $461295.36    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Encompass Health Corporation                 | Encompass Health Corporation             | CUSIP: 29261A100<br>LEI: 549300FVRPM9DRQZRG64 | Long             | EC               | CORP              | US        |      4567 | NS      | $580100.34    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Comfort Systems USA Inc.                     | Comfort Systems USA, Inc.                | CUSIP: 199908104<br>LEI: 5299009DT1ZA5HTU6R38 | Long             | EC               | CORP              | US        |      2042 | NS      | $1685017.56   | 2.34%             |  |  |  | No            |                  1 | On Loan: No      |
| WEX Inc                                      | WEX, Inc.                                | CUSIP: 96208T104<br>LEI: T9M5IGROL1TL1G5OV478 | Long             | EC               | CORP              | US        |      1567 | NS      | $246849.51    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Grand Canyon Education Inc                   | Grand Canyon Education, Inc.             | CUSIP: 38526M106<br>LEI: 529900XFER799IYOSW74 | Long             | EC               | CORP              | US        |      1744 | NS      | $382842.88    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Oneok Inc.                                   | ONEOK, Inc.                              | CUSIP: 682680103<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | EC               | CORP              | US        |     11759 | NS      | $858054.23    | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Core & Main Inc                              | Core & Main Inc. - Class A               | CUSIP: 21874C102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7780 | NS      | $418797.40    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Expedia Group Inc                            | Expedia Group, Inc.                      | CUSIP: 30212P303<br>LEI: CI7MUJI4USF3V0NJ1H64 | Long             | EC               | CORP              | US        |      4349 | NS      | $929598.75    | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Interactive Brokers Group Inc                | Interactive Brokers Group, Inc. Class A  | CUSIP: 45841N107<br>LEI: 5493004DT6DCDUZNDM53 | Long             | EC               | CORP              | US        |     19401 | NS      | $1334982.81   | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Hims & Hers Health Inc                       | IES Holdings, Inc.                       | CUSIP: 433000106<br>LEI: 254900V041EIVTSB6D58 | Long             | EC               | CORP              | US        |     11368 | NS      | $644792.96    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Planet Fitness Inc.                          | Planet Fitness, Inc. Class A             | CUSIP: 72703H101<br>LEI: 549300LLE5HUPF6H8G33 | Long             | EC               | CORP              | US        |      5101 | NS      | $529483.80    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Sarepta Therapeutics Inc                     | Sarepta Therapeutics, Inc.               | CUSIP: 803607100<br>LEI: 549300IKDPIED8J8IG21 | Long             | EC               | CORP              | US        |     11828 | NS      | $227925.56    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Woodward Inc.                                | Woodward, Inc.                           | CUSIP: 980745103<br>LEI: YPYKXXTR8TFDH54ZMB45 | Long             | EC               | CORP              | US        |      3664 | NS      | $925929.44    | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Halozyme Therapeutics Inc                    | Halozyme Therapeutics, Inc.              | CUSIP: 40637H109<br>LEI: 529900242I3SV9AGM753 | Long             | EC               | CORP              | US        |      7984 | NS      | $585546.56    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Simon Property Group Inc                     | Simon Property Group, Inc. REIT          | CUSIP: 828806109<br>LEI: 529900GQL5X8H7AO3T64 | Long             | EC               | CORP              | US        |      6488 | NS      | $1217602.96   | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Paylocity Holding Corporation                | Paylocity Holding Corporation            | CUSIP: 70438V106<br>LEI: 549300VH75FTB4DIEE07 | Long             | EC               | CORP              | US        |      2924 | NS      | $465705.48    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Matador Resources Company                    | Matador Resources Company                | CUSIP: 576485205<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | EC               | CORP              | US        |      4478 | NS      | $201196.54    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Houlihan Lokey Inc.                          | HOULIHAN LOKEY, INC.                     | CUSIP: 441593100<br>LEI: 549300S3CNGTQ1QZVY46 | Long             | EC               | CORP              | US        |      3466 | NS      | $711639.12    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Ensign Group Inc                             | Ensign Group, Inc. (The)                 | CUSIP: 29358P101<br>LEI: 5493003K4HEEA8Q0BC72 | Long             | EC               | CORP              | US        |      3476 | NS      | $600548.52    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Crocs Inc                                    | Crocs, Inc.                              | CUSIP: 227046109<br>LEI: 549300B0J6YCXD63OG72 | Long             | EC               | CORP              | US        |      3772 | NS      | $315150.60    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| ATI Inc                                      | ATI, Inc.                                | CUSIP: 01741R102<br>LEI: ZW1LRE7C3H17O2ZN9B45 | Long             | EC               | CORP              | US        |      9090 | NS      | $739380.60    | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Watts Water Technologies Inc.                | Watts Water Technologies, Inc. Class A   | CUSIP: 942749102<br>LEI: 549300REJOO94ERQN318 | Long             | EC               | CORP              | US        |       912 | NS      | $254703.36    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Sprouts Farmers Markets Inc                  | Sprouts Farmers Market, Inc.             | CUSIP: 85208M102<br>LEI: 529900P8F4G77Q52XE24 | Long             | EC               | CORP              | US        |      6270 | NS      | $682176.00    | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| SEI Investments Co                           | SEI Investments Company                  | CUSIP: 784117103<br>LEI: 5LJTIFADGZ6XH1RVOC11 | Long             | EC               | CORP              | US        |      3743 | NS      | $317593.55    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Dynatrace Inc                                | Dynatrace, Inc.                          | CUSIP: 268150109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     18355 | NS      | $889299.75    | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Axalta Coating Systems Limited               | Axalta Coating Systems Ltd.              | CUSIP: G0750C108<br>LEI: 529900AGLPA40GV6H619 | Long             | EC               | CORP              | BM        |      7987 | NS      | $228587.94    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Penumbra Inc.                                | Penumbra, Inc.                           | CUSIP: 70975L107<br>LEI: 549300RGE06P3ECANU72 | Long             | EC               | CORP              | US        |      1603 | NS      | $406071.96    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Tyler Technologies Inc.                      | Tyler Technologies, Inc.                 | CUSIP: 902252105<br>LEI: 25490040SMU4Z8LBCW70 | Long             | EC               | CORP              | US        |      1485 | NS      | $776892.60    | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Davita Inc                                   | DaVita, Inc.                             | CUSIP: 23918K108<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | EC               | CORP              | US        |      1422 | NS      | $188941.14    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| RBC Bearings Inc                             | RBC Bearings, Inc.                       | CUSIP: 75524B104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2033 | NS      | $793459.57    | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryan Specialty Holdings Inc                  | Ryan Specialty Group Holdings, Inc.      | CUSIP: 78351F107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6753 | NS      | $380599.08    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Qualys Inc                                   | Qualys, Inc.                             | CUSIP: 74758T303<br>LEI: 549300EMBXYOW9W1XA17 | Long             | EC               | CORP              | US        |      1395 | NS      | $184600.35    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Doximity Inc                                 | Doximity, Inc.                           | CUSIP: 26622P107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8791 | NS      | $643061.65    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Aaon Inc                                     | AAON, Inc.                               | CUSIP: 000360206<br>LEI: 549300ZHF0E5VM7PUD37 | Long             | EC               | CORP              | US        |      4734 | NS      | $442344.96    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Shift4 Payments Inc                          | Shift4 Pmts, Inc. CL A                   | CUSIP: 82452J109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4469 | NS      | $345900.60    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Dropbox Inc                                  | Dropbox, Inc. Class A                    | CUSIP: 26210C104<br>LEI: 549300JCDF7UAR6TJR51 | Long             | EC               | CORP              | US        |      7835 | NS      | $236695.35    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Light & Wonder Inc                           | Light & Wonder, Inc.                     | CUSIP: 80874P109<br>LEI: 529900JXALYBOHXKFM62 | Long             | EC               | CORP              | US        |      5697 | NS      | $478206.18    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| TKO Group Holdings Inc.                      | TKO Group Holdings Inc. Class A          | CUSIP: 87256C101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2094 | NS      | $422904.24    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Brown & Brown Inc                            | Brown & Brown, Inc.                      | CUSIP: 115236101<br>LEI: 549300PC8KTJ71XKFY89 | Long             | EC               | CORP              | US        |      7745 | NS      | $726403.55    | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Chewy Inc                                    | Chewy, Inc. Class A                      | CUSIP: 16679L109<br>LEI: 254900NPQSTG9I422879 | Long             | EC               | CORP              | US        |     12743 | NS      | $515454.35    | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Lantheus Holdings Inc                        | Lantheus Holdings, Inc.                  | CUSIP: 516544103<br>LEI: 5299005HUB5IOJGO7S39 | Long             | EC               | CORP              | US        |      4517 | NS      | $231676.93    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Abercrombie & Fitch Co                       | Abercrombie & Fitch Company Class A      | CUSIP: 002896207<br>LEI: 5493000J7LL72TOGT983 | Long             | EC               | CORP              | US        |      3260 | NS      | $278893.00    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Evercore Inc                                 | Evercore Partners, Inc. Class A          | CUSIP: 29977A105<br>LEI: 529900P6KLPT95DW3W58 | Long             | EC               | CORP              | US        |      2279 | NS      | $768752.28    | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Deckers Outdoor Corp.                        | Deckers Outdoor Corporation              | CUSIP: 243537107<br>LEI: 5493008LG4W3I6K8J118 | Long             | EC               | CORP              | US        |      5517 | NS      | $559258.29    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Tetra Tech Inc                               | Tetra Tech, Inc.                         | CUSIP: 88162G103<br>LEI: 549300UJ1LP7JGJC5P32 | Long             | EC               | CORP              | US        |     16859 | NS      | $562753.42    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Gentex Corp                                  | Gentex Corporation                       | CUSIP: 371901109<br>LEI: 549300S3UD8XV1MN0287 | Long             | EC               | CORP              | US        |      6139 | NS      | $173733.70    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| DexCom Inc                                   | DexCom, Inc.                             | CUSIP: 252131107<br>LEI: 549300YSK3QDSFR5EU59 | Long             | EC               | CORP              | US        |      5898 | NS      | $396876.42    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Equitable Holdings Inc                       | Equitable Holdings, Inc.                 | CUSIP: 29452E101<br>LEI: 549300FIBAKMNHPZ4009 | Long             | EC               | CORP              | US        |     19307 | NS      | $980409.46    | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Pinnacle Financial Partners Inc.             | Pinnacle Financial Partners, Inc.        | CUSIP: 72346Q104<br>LEI: 54930098EZ8JMSAZGS24 | Long             | EC               | CORP              | US        |      3298 | NS      | $309319.42    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Lamar Advertising Company                    | Lamar Advertising Company Class A        | CUSIP: 512816109<br>LEI: 529900Y8WW4MKVPTB543 | Long             | EC               | CORP              | US        |      3604 | NS      | $441201.68    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Gaming and Leisure Properties Inc            | Gaming and Leisure Properties, Inc. REIT | CUSIP: 36467J108<br>LEI: 5493006GWRDBCZYWTM57 | Long             | EC               | CORP              | US        |      7792 | NS      | $363185.12    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Ralph Lauren Corp.                           | Ralph Lauren Corporation                 | CUSIP: 751212101<br>LEI: HO1QNWM0IXBZ0QSMMO20 | Long             | EC               | CORP              | US        |      1333 | NS      | $417975.48    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Super Micro Computer Inc.                    | Super Micro Computer, Inc.               | CUSIP: 86800U302<br>LEI: 54930022CZO1N2UGVW07 | Long             | EC               | CORP              | US        |     16520 | NS      | $791968.80    | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Curtiss-Wright Corp.                         | Curtiss-Wright Corporation               | CUSIP: 231561101<br>LEI: TEL51ETZWP7D0ZM4X325 | Long             | EC               | CORP              | US        |      2204 | NS      | $1196639.76   | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Burlington Stores Inc.                       | Burlington Stores, Inc.                  | CUSIP: 122017106<br>LEI: 5299003Z37DVGKKC1W09 | Long             | EC               | CORP              | US        |      4286 | NS      | $1090787.00   | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Paycom Software Inc                          | Paycom Software, Inc.                    | CUSIP: 70432V102<br>LEI: 254900LSB0HNJUDC6Q18 | Long             | EC               | CORP              | US        |      1777 | NS      | $369864.78    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Healthequity Inc                             | HealthEquity, Inc.                       | CUSIP: 42226A107<br>LEI: 529900LRJU1RAFQHM467 | Long             | EC               | CORP              | US        |      5831 | NS      | $552603.87    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Chart Industries Inc                         | Chart Industries, Inc.                   | CUSIP: 16115Q308<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | EC               | CORP              | US        |      2945 | NS      | $589441.75    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Morningstar Inc                              | Morningstar, Inc.                        | CUSIP: 617700109<br>LEI: 529900YGNQPOVAXQ7F29 | Long             | EC               | CORP              | US        |      1707 | NS      | $396041.07    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Renaissancere Holdings Ltd.                  | RenaissanceRe Holdings Ltd.              | CUSIP: G7496G103<br>LEI: EK6GB9U3U58PDI411C94 | Long             | EC               | CORP              | BM        |      3092 | NS      | $785151.56    | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Somnigroup International Inc.                | Somnigroup International                 | CUSIP: 88023U101<br>LEI: 549300HFEKVR3US71V91 | Long             | EC               | CORP              | US        |      7935 | NS      | $669158.55    | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Okta Inc.                                    | Okta, Inc.                               | CUSIP: 679295105<br>LEI: 549300N8J06I8MRHU620 | Long             | EC               | CORP              | US        |     10305 | NS      | $944968.50    | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| RPM International Inc.                       | RPM International, Inc.                  | CUSIP: 749685103<br>LEI: 549300TJCKW4BRXPJ474 | Long             | EC               | CORP              | US        |      5072 | NS      | $597887.36    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Lincoln Electric Holdings Inc.               | Lincoln Electric Holdings, Inc.          | CUSIP: 533900106<br>LEI: BIMGBY40SIN95O01BN93 | Long             | EC               | CORP              | US        |      2068 | NS      | $487696.44    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadridge Financial Solutions Inc.          | Broadridge Financial Solutions, Inc.     | CUSIP: 11133T103<br>LEI: 549300KZDJZQ2YIHRC28 | Long             | EC               | CORP              | US        |      1765 | NS      | $420370.05    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Commvault Systems Inc.                       | Commvault Systems, Inc.                  | CUSIP: 204166102<br>LEI: 65T5VRP62VXG39YFML83 | Long             | EC               | CORP              | US        |      2930 | NS      | $553125.40    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Roadhouse Inc                          | Texas Roadhouse, Inc.                    | CUSIP: 882681109<br>LEI: 5299002Y1CNRPDGXTQ75 | Long             | EC               | CORP              | US        |      4168 | NS      | $692513.20    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Duolingo Inc                                 | DUOLINGO                                 | CUSIP: 26603R106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2129 | NS      | $685197.36    | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Manhattan Associates Inc                     | Manhattan Associates, Inc.               | CUSIP: 562750109<br>LEI: 529900Q1GJP7KD52SW51 | Long             | EC               | CORP              | US        |      3989 | NS      | $817665.22    | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Stifel Financial Corporation                 | Stifel Financial Corporation             | CUSIP: 860630102<br>LEI: 549300E5F07FE5GHJX84 | Long             | EC               | CORP              | US        |      4641 | NS      | $526614.27    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| AECOM                                        | AECOM                                    | CUSIP: 00766T100<br>LEI: 0EEB8GF0W0NPCIHZX097 | Long             | EC               | CORP              | US        |      4516 | NS      | $589202.52    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| RB Global Inc                                | RB Global Inc.                           | CUSIP: 74935Q107<br>LEI: 5493002H8U24DJXQ4886 | Long             | EC               | CORP              | CA        |      9753 | NS      | $1056835.08   | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Paychex Inc                                  | Paychex, Inc.                            | CUSIP: 704326107<br>LEI: 529900K900DW6SUBM174 | Long             | EC               | CORP              | US        |      5201 | NS      | $659278.76    | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Eagle Materials Inc.                         | Eagle Materials, Inc.                    | CUSIP: 26969P108<br>LEI: 529900KRXRGXL61SG039 | Long             | EC               | CORP              | US        |      2220 | NS      | $517348.80    | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Colgate-Palmolive Co.                        | Colgate-Palmolive Company                | CUSIP: 194162103<br>LEI: YMEGZFW4SBUSS5BQXF88 | Long             | EC               | CORP              | US        |     11574 | NS      | $925225.56    | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Equity Lifestyle Properties Inc              | Equity LifeStyle Properties, Inc. REIT   | CUSIP: 29472R108<br>LEI: 529900PEQG66LENB6798 | Long             | EC               | CORP              | US        |      6128 | NS      | $371969.60    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Trust                                | ISHARES S&P MIDCAP 400 GROWTH INDEX FUND | CUSIP: 464287606<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |      1427 | NS      | $136835.03    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| RLI Corp                                     | RLI Corporation                          | CUSIP: 749607107<br>LEI: 529900AMTJE5ECN9PS55 | Long             | EC               | CORP              | US        |      5488 | NS      | $357927.36    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Cullen/Frost Bankers, Inc.                   | Cullen/Frost Bankers, Inc.               | CUSIP: 229899109<br>LEI: 529900V2E9G9AY665O34 | Long             | EC               | CORP              | US        |      3012 | NS      | $381831.24    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| American Airlines Group Inc                  | American Airlines Group, Inc.            | CUSIP: 02376R102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     47262 | NS      | $531224.88    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Globus Med Inc                               | Globus Medical, Inc. Class A             | CUSIP: 379577208<br>LEI: 5299003M2P4CIK0RF205 | Long             | EC               | CORP              | US        |      7751 | NS      | $443899.77    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-25

**Name of Applicant:** New Age Alpha Funds Trust

**Signature:** Keith D. Kemp

**Name of Signer:** Keith D. Kemp

**Title:** President