# EDGAR Filing Document

**Accession Number:** 0001592900
**File Stem:** 0001592900-25-003500
**Filing Date:** 2025-10
**Character Count:** 25938
**Document Hash:** 8b51e261f82329485732fa2700b97f87
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001592900-25-003500.hdr.sgml**: 20251030

**ACCESSION NUMBER**: 0001592900-25-003500

**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:** 251433947

**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

### Castellan Targeted Equity ETF (Series ID: S000093132)

| Class ID   | Class Name                    | Ticker Symbol   |
|:---|:---|:---|
| C000261240 | Castellan Targeted Equity ETF | CTEF            |

## Nport-Ex

---

| |
|:---|
| **CASTELLAN TARGETED EQUITY ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **August 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS - 100.0%** | **Shares** | **Value**  |
| **<u>Consumer Discretionary</u> - 21.4%** | |  |
| **Apparel, Accessories & Luxury Goods - 4.4%** |  |  |
| Tapestry, Inc. <sup>(a)</sup> | 176904 | $18012365 |
| **Automotive Parts & Equipment - 4.1%** |  |  |
| Modine Manufacturing Co. <sup>(a)(b)</sup> | 124181 | 16904759 |
| **Hotels, Resorts & Cruise Lines - 8.7%** |  |  |
| Booking Holdings, Inc. <sup>(a)</sup> | 3365 | 18840803 |
| Norwegian Cruise Line Holdings Ltd. <sup>(a)(b)(c)</sup> | 683322 | 16973719 |
|  |  | 35814522 |
| **Other Specialty Retail - 4.2%** |  |  |
| Tractor Supply Co. <sup>(a)</sup> | 279242 | 17245986 |
| **Total Consumer Discretionary** |  | 87977632 |
| **<u>Energy</u> - 4.6%** |  |  |
| **Oil & Gas Storage & Transportation - 4.6%** |  |  |
| Cheniere Energy, Inc. <sup>(a)</sup> | 78726 | 19037521 |
| **<u>Financials</u> - 9.5%** |  |  |
| **Consumer Finance - 5.0%** |  |  |
| Synchrony Financial <sup>(a)</sup> | 269629 | 20583478 |
| **Property & Casualty Insurance - 4.5%** |  |  |
| Allstate Corp.  | 91260 | 18566847 |
| **Total Financials** |  | 39150325 |
| **<u>Health Care</u> - 14.8%** |  |  |
| **Biotechnology - 5.8%** |  |  |
| Halozyme Therapeutics, Inc. <sup>(a)(b)</sup> | 323504 | 23664318 |
| **Health Care Distributors - 4.1%** |  |  |
| McKesson Corp. <sup>(a)</sup> | 24444 | 16784228 |
| **Health Care Facilities - 4.9%** |  |  |
| Tenet Healthcare Corp. <sup>(a)(b)</sup> | 110409 | 20351691 |
| **Total Health Care** |  | 60800237 |
| **<u>Industrials</u> - 10.0%** |  |  |
| **Construction & Engineering - 4.9%** |  |  |
| Comfort Systems USA, Inc. <sup>(a)</sup> | 28704 | 20189820 |

---

------

---

| |
|:---|
| **CASTELLAN TARGETED EQUITY ETF** |
| **SCHEDULE OF INVESTMENTS (CONTINUED)** |
| **August 31, 2025 (Unaudited)** |

---

---

| | | | |
|:---|:---|:---|:---|
| **COMMON STOCKS - 100.0%** | | **Shares** | **Value**  |
| **Construction Machinery & Heavy Transportation Equipment - 5.1%** | |  |  |
| Blue Bird Corp. <sup>(b)</sup> |  | 353764 | $20656280 |
| **Total Industrials** |  |  | 40846100 |
| **<u>Information Technology</u> - 39.7%**<sup>(d)</sup> |  |  |  |
| **Application Software - 15.7%** |  |  |  |
| AppLovin Corp. - Class A <sup>(b)</sup> |  | 46673 | 22337231 |
| Clear Secure, Inc. - Class A <sup>(a)(c)</sup> |  | 611375 | 22199026 |
| InterDigital, Inc. <sup>(a)</sup> |  | 73504 | 19971772 |
|  |  |  | 64508029 |
| **Semiconductor Materials & Equipment - 5.6%** |  |  |  |
| Lam Research Corp. <sup>(c)</sup> |  | 230660 | 23100599 |
| **Semiconductors - 5.1%** |  |  |  |
| NVIDIA Corp. <sup>(a)</sup> |  | 119146 | 20752850 |
| **Systems Software - 7.6%** |  |  |  |
| Fortinet, Inc. <sup>(a)(b)(c)</sup> |  | 184741 | 14552049 |
| Microsoft Corp. <sup>(a)</sup> |  | 33078 | 16760292 |
|  |  |  | 31312341 |
| **Technology Hardware, Storage & Peripherals - 5.7%** |  |  |  |
| Western Digital Corp. <sup>(c)</sup> |  | 290526 | 23340859 |
| **Total Information Technology** |  |  | 163014678 |
| **TOTAL COMMON STOCKS** (Cost $327,056,957) |  |  | 410826493 |
| **PURCHASED OPTIONS - 0.7%**<sup>(b)</sup> | **Notional Amount** | **Contracts** |  |
| **Call Options - 0.7%**<sup>(e)(f)</sup> |  |  |  |
| Clear Secure, Inc., Expiration: 11/21/2025; <br>Exercise Price: $27.01 <sup>(c)</sup> | $4251901 | 1171 | 1159723 |
| Fortinet, Inc., Expiration: 01/16/2026; <br>Exercise Price: $105.01 <sup>(c)</sup> | 2780581 | 353 | 38823 |
| Lam Research Corp., Expiration: 12/19/2025; <br>Exercise Price: $95.01 <sup>(c)</sup> | 3805700 | 380 | 435583 |
| Norwegian Cruise Line Holdings Ltd., Expiration: 01/16/2026; Exercise Price: $20.01 <sup>(c)</sup> | 3251556 | 1309 | 771027 |
| Western Digital Corp., Expiration: 01/16/2026; <br>Exercise Price: $75.01 <sup>(c)</sup> | 3872388 | 482 | 542934 |
| **TOTAL PURCHASED OPTIONS** (Cost $1,942,341) |  |  | 2948090 |
| **EXCHANGE TRADED FUNDS - 0.0%**<sup>(g)</sup> |  | **Shares** |  |
| Alpha Architect 1-3 Month Box ETF<sup>(b)(h)</sup> |  | 719 | 81606 |
| **TOTAL EXCHANGE TRADED FUNDS** (Cost $80,606) |  |  | 81606 |

---

------

---

| |
|:---|
| **CASTELLAN TARGETED EQUITY ETF** |
| **SCHEDULE OF INVESTMENTS (CONTINUED)** |
| **August 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| **SHORT-TERM INVESTMENTS** | **Shares** | **Value** |
| **MONEY MARKET FUNDS - 0.1%** | | |
| First American Government Obligations Fund - Class X, 4.25%<sup>(i)</sup> | 459345 | $459345 |
| **TOTAL MONEY MARKET FUNDS** (Cost $459,345) |  | 459345 |
| **TOTAL INVESTMENTS - 100.8% (**Cost $329,539,249**)** |  | $414315534 |
| Liabilities in Excess of Other Assets - (0.8)% <sup>(j)</sup> |  | (3404658) |
| **TOTAL NET ASSETS - 100.0%** |  | $410910876 |

---

Percentages are stated as a percent of net assets.

(a) <br> All or a portion of security has been pledged as collateral for written options. The fair value of assets committed as collateral as of August 31, 2025 is $257,258,586.

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

(c) <br> Held in connection with written option contracts. See Schedule of Written Options for further information.

(d) <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.

(e) <br> 100 shares per contract.

(f) <br> Exchange-traded.

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

(h) <br> Affiliated security as defined by the Investment Company Act of 1940.

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

(j) <br> Includes cash of $169,777 that is pledged as collateral for written options.

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 WRITTEN OPTIONS** | **SCHEDULE OF WRITTEN OPTIONS** | **SCHEDULE OF WRITTEN OPTIONS** | **SCHEDULE OF WRITTEN OPTIONS** |
| **August 31, 2025 (Unaudited)** | **August 31, 2025 (Unaudited)** | **August 31, 2025 (Unaudited)** | **August 31, 2025 (Unaudited)** |
| **WRITTEN OPTIONS - (0.9)%** | **Notional Amount** | **Contracts** | **Value**  |
| **Call Options - (0.9)%** <sup>(a)(b)</sup> | | | |
| Clear Secure, Inc., Expiration: 11/21/2025; Exercise Price: $30.01<sup>(c)</sup> | $(8503802) | (2342) | $(1723735) |
| Fortinet, Inc., Expiration: 01/16/2026; Exercise Price: $120.01<sup>(c)</sup> | (5561162) | (706) | (25684) |
| Lam Research Corp., Expiration: 12/19/2025; Exercise Price: $105.01<sup>(c)</sup> | (7611400) | (760) | (481977) |
| Norwegian Cruise Line Holdings Ltd., Expiration: 01/16/2026; Exercise Price: $23.01<sup>(c)</sup> | (6503112) | (2618) | (982143) |
| Western Digital Corp., Expiration: 01/16/2026; Exercise Price: $85.01<sup>(c)</sup> | (7744776) | (964) | (598798) |
| **TOTAL WRITTEN OPTIONS** (Premiums received $2,104,118) |  |  | $(3812337) |

---

Percentages are stated as a percent of net assets.

(a) <br> 100 shares per contract.

(b) <br> Exchange-traded.

(c) FLexible EXchange® Options.

------

**CASTELLAN TARGETED EQUITY ETF**

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

Castellan Targeted Equity 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** |
| **Assets:** |  |  |  |  |
| <u>Investments:</u> |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | $410826493 | $— | $— | $410826493 |
| &nbsp;&nbsp;&nbsp;&nbsp;Purchased Options |  | 2948090 |  | 2948090 |
| &nbsp;&nbsp;&nbsp;&nbsp;Exchange Traded Funds | 81606 |  |  | 81606 |
| &nbsp;&nbsp;&nbsp;&nbsp;Money Market Funds | 459345 |  |  | 459345 |
| Total Investments | $411367444 | $2948090 | $— | $414315534 |
| **Liabilities:** |  |  |  |  |
| <u>Investments:</u> |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Written Options | $— | $(3812337) | $— | $(3812337) |
| Total Investments | $— | $(3812337) | $— | $(3812337) |

---

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:

---

| | |
|:---|:---|
| | **Alpha Architect 1-3 Month Box ETF** |
| Value, Beginning of Period | $— |
| Purchases | 46764741 |
| Proceeds from Sales | (46892338) |
| Net Realized Gains (Losses) | 208203 |
| Change in Unrealized Appreciation (Depreciation) | 1000 |
| Value, End of Period | $81606 |
| Dividend Income | $— |

---

------

**CASTELLAN TARGETED EQUITY ETF**

---

| | |
|:---|:---|
| | **Alpha Architect 1-3 Month Box ETF** |
| Shares, Beginning of Period |  |
| Number of Shares Purchased | 415029 |
| Number of Shares Sold | (414310) |
| Shares, End of Period | 719 |

---

## 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:** Castellan Targeted Equity ETF

- **b. EDGAR series identifier (if any):** S000093132

- **c. LEI of Series:** 529900S4FR1KSUWVRZ87

**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:** $414874913.71

**Total Liabilities:** $3964037.11

**Net Assets:** $410910876.60

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000261240 | 4.65%                | 7.56%                | 4.87%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $16672274.21             | $43802693.56                               |
| Month 2  | $0.00                    | $27113682.20                               |
| Month 3  | $6274258.30              | $12854159.91                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AppLovin Corp                              | AppLovin Corp                              | CUSIP: 03831W108<br>LEI: 549300LLVXMUAOL3SQ07 | Long             | EC               | CORP              | US        |     46673 | NS      | $22337231.07  | 5.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Clear Secure Inc                           | Clear Secure Inc                           | CUSIP: 18467V109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    611375 | NS      | $22199026.25  | 5.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Norwegian Cruise Line Holdings Ltd         | Norwegian Cruise Line Holdings Ltd         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BM        |    683322 | NS      | $16973718.48  | 4.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Alpha Architect 1-3 Month Box ETF          | Alpha Architect 1-3 Month Box ETF          | CUSIP: 02072L565<br>LEI: 549300AINK03GE0FNT25 | Long             | EC               | RF                | US        |       719 | NS      | $81606.50     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| FTNT 01/16/2026 105.01 C                   | FTNT 01/16/2026 105.01 C                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       353 | NC      | $38822.94     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| FTNT 01/16/2026 120.01 C                   | FTNT 01/16/2026 120.01 C                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -706 | NC      | $-25684.28    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Synchrony Financial                        | Synchrony Financial                        | CUSIP: 87165B103<br>LEI: 549300RS7EWPM9MA6C78 | Long             | EC               | CORP              | US        |    269629 | NS      | $20583477.86  | 5.01%             |  |  |  | No            |                  1 | On Loan: No      |
| LRCX 12/19/2025 95.01 C                    | LRCX 12/19/2025 95.01 C                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       380 | NC      | $435582.60    | 0.11%             |  |  |  | No            |                  2 | On Loan: No      |
| LRCX 12/19/2025 105.01 C                   | LRCX 12/19/2025 105.01 C                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -760 | NC      | $-481976.80   | -0.12%            |  |  |  | No            |                  2 | On Loan: No      |
| NCLH 01/16/2026 20.01 C                    | NCLH 01/16/2026 20.01 C                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      1309 | NC      | $771027.18    | 0.19%             |  |  |  | No            |                  2 | On Loan: No      |
| NCLH 01/16/2026 23.01 C                    | NCLH 01/16/2026 23.01 C                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     -2618 | NC      | $-982142.70   | -0.24%            |  |  |  | No            |                  2 | On Loan: No      |
| WDC 01/16/2026 75.01 C                     | WDC 01/16/2026 75.01 C                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       482 | NC      | $542934.44    | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| WDC 01/16/2026 85.01 C                     | WDC 01/16/2026 85.01 C                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -964 | NC      | $-598798.24   | -0.15%            |  |  |  | No            |                  2 | On Loan: No      |
| YOU 11/21/2025 27.01 C                     | YOU 11/21/2025 27.01 C                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      1171 | NC      | $1159723.27   | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| YOU 11/21/2025 30.01 C                     | YOU 11/21/2025 30.01 C                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     -2342 | NC      | $-1723735.42  | -0.42%            |  |  |  | No            |                  2 | On Loan: No      |
| First American Government Obligations Fund | First American Government Obligations Fund | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |    459345 | PA      | $459344.84    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp                             | Microsoft Corp                             | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     33078 | NS      | $16760291.82  | 4.08%             |  |  |  | No            |                  1 | On Loan: No      |
| InterDigital Inc                           | InterDigital Inc                           | CUSIP: 45867G101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     73504 | NS      | $19971771.84  | 4.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Blue Bird Corp                             | Blue Bird Corp                             | CUSIP: 095306106<br>LEI: 5493004ZXJUUWQ65ER59 | Long             | EC               | CORP              | US        |    353764 | NS      | $20656279.96  | 5.03%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp                                | NVIDIA Corp                                | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |    119146 | NS      | $20752850.28  | 5.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortinet Inc                               | Fortinet Inc                               | CUSIP: 34959E109<br>LEI: 549300O0QJWDBAS0QX03 | Long             | EC               | CORP              | US        |    184741 | NS      | $14552048.57  | 3.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Booking Holdings Inc                       | Booking Holdings Inc                       | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |      3365 | NS      | $18840803.25  | 4.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Tractor Supply Co                          | Tractor Supply Co                          | CUSIP: 892356106<br>LEI: 549300OJ9VZHZRO6I137 | Long             | EC               | CORP              | US        |    279242 | NS      | $17245985.92  | 4.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Lam Research Corp                          | Lam Research Corp                          | CUSIP: 512807306<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |    230660 | NS      | $23100599.00  | 5.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Modine Manufacturing Co                    | Modine Manufacturing Co                    | CUSIP: 607828100<br>LEI: Z35SZFYJR8GZZRSIUU09 | Long             | EC               | CORP              | US        |    124181 | NS      | $16904759.53  | 4.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Allstate Corp/The                          | Allstate Corp/The                          | CUSIP: 020002101<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | EC               | CORP              | US        |     91260 | NS      | $18566847.00  | 4.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Digital Corp                       | Western Digital Corp                       | CUSIP: 958102105<br>LEI: 549300QQXOOYEF89IC56 | Long             | EC               | CORP              | US        |    290526 | NS      | $23340858.84  | 5.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Tapestry Inc                               | Tapestry Inc                               | CUSIP: 876030107<br>LEI: 549300LJNVY5SW3VTN33 | Long             | EC               | CORP              | US        |    176904 | NS      | $18012365.28  | 4.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Cheniere Energy Inc                        | Cheniere Energy Inc                        | CUSIP: 16411R208<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | EC               | CORP              | US        |     78726 | NS      | $19037521.32  | 4.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Tenet Healthcare Corp                      | Tenet Healthcare Corp                      | CUSIP: 88033G407<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | EC               | CORP              | US        |    110409 | NS      | $20351690.97  | 4.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Halozyme Therapeutics Inc                  | Halozyme Therapeutics Inc                  | CUSIP: 40637H109<br>LEI: 529900242I3SV9AGM753 | Long             | EC               | CORP              | US        |    323504 | NS      | $23664317.60  | 5.76%             |  |  |  | No            |                  1 | On Loan: No      |
| McKesson Corp                              | McKesson Corp                              | CUSIP: 58155Q103<br>LEI: 549300WZWOM80UCFSF54 | Long             | EC               | CORP              | US        |     24444 | NS      | $16784228.16  | 4.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Comfort Systems USA Inc                    | Comfort Systems USA Inc                    | CUSIP: 199908104<br>LEI: 5299009DT1ZA5HTU6R38 | Long             | EC               | CORP              | US        |     28704 | NS      | $20189819.52  | 4.91%             |  |  |  | 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