# EDGAR Filing Document

**Accession Number:** 0001592900
**File Stem:** 0001592900-23-000108
**Filing Date:** 2023-3
**Character Count:** 55698
**Document Hash:** 70bb48ebcde7b0f2e096146fbd343f07
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001592900-23-000108.hdr.sgml**: 20230301

**ACCESSION NUMBER**: 0001592900-23-000108

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221230

**FILED AS OF DATE**: 20230301

**DATE AS OF CHANGE**: 20230301

**PERIOD START**: 20230930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** EA Series Trust
- **CENTRAL INDEX KEY:** 0001592900
- **IRS NUMBER:** 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:** 23691731

**BUSINESS ADDRESS:**
- **STREET 1:** 19 E EAGLE ROAD
- **CITY:** HAVERTOWN
- **STATE:** PA
- **ZIP:** 19083
- **BUSINESS PHONE:** 1.215.882.9983

**MAIL ADDRESS:**
- **STREET 1:** 19 E EAGLE ROAD
- **CITY:** HAVERTOWN
- **STATE:** PA
- **ZIP:** 19083

**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

### Freedom 100 Emerging Markets ETF (Series ID: S000065423)

| Class ID   | Class Name                       | Ticker Symbol   |
|:---|:---|:---|
| C000211567 | Freedom 100 Emerging Markets ETF | FRDM            |

## Nport-Ex

---

| |
|:---|
| **Freedom 100 Emerging Markets ETF** |
| **Schedule of Investments** |
| **December 31, 2022 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| **Shares** |  | **Value** |
| **COMMON STOCKS - 98.5%** | **COMMON STOCKS - 98.5%** |  |
| **Brazil - 5.9%** | **Brazil - 5.9%** |  |
| 781354 | B3 S.A. - Brasil Bolsa Balcao | $1972716 |
| 52235 | Banco Santander Brasil S.A. ADR (a) | 281547 |
| 392663 | Magazine Luiza S.A. (b) | 203778 |
| 129490 | Natura & Co. Holding S.A. | 285725 |
| 79062 | Rede D'Or Sao Luiz S.A. (c) | 438605 |
| 106216 | Suzano S.A. | 974095 |
| 609935 | Vale S.A. | 10319711 |
| 209248 | WEG S.A. | 1532180 |
|  |  | 16008357 |
| **Chile - 23.3%** | **Chile - 23.3%** |  |
| 83706643 | Banco de Chile | 8683978 |
| 106121 | Banco de Credito e Inversiones S.A. | 3051331 |
| 2464131 | Cencosud S.A. | 4052417 |
| 117733 | Cia Cervecerias Unidas S.A. ADR | 1544657 |
| 120174685 | Cia Sud Americana de Vapores S.A. | 9492135 |
| 15317364 | Colbun S.A. | 1576429 |
| 2123976 | Empresas CMPC S.A. | 3545343 |
| 685626 | Empresas Copec S.A. | 5115623 |
| 3233525 | Falabella S.A. | 6289792 |
| 250426 | Sociedad Quimica y Minera de Chile S.A. ADR | 19994012 |
|  |  | 63345717 |
| **Indonesia - 5.9%** | **Indonesia - 5.9%** |  |
| 5015245 | Adaro Energy Indonesia Tbk PT | 1240321 |
| 17845893 | Bank Central Asia Tbk PT | 9801342 |
| 9195144 | Barito Pacific Tbk PT | 445950 |
| 1860111 | Chandra Asri Petrochemical Tbk PT | 307081 |
| 2382761 | Charoen Pokphand Indonesia Tbk PT | 864789 |
| 155262 | Gudang Garam Tbk PT | 179522 |
| 975945 | Indah Kiat Pulp & Paper Tbk PT | 546981 |
| 6488404 | Kalbe Farma Tbk PT | 871095 |
| 4429449 | Merdeka Copper Gold Tbk PT (b) | 1172271 |
| 8396029 | Sarana Menara Nusantara Tbk PT | 593264 |
|  |  | 16022616 |
| **Malaysia - 5.7%** | **Malaysia - 5.7%** |  |
| 1948619 | Dialog Group Bhd | 1083795 |
| 1460388 | DiGi.Com Bhd | 1326119 |
| 1150526 | Genting Bhd | 1170115 |
| 671804 | Hartalega Holdings Bhd | 259266 |
| 276028 | Hong Leong Bank Bhd | 1288340 |
| 200786 | Kuala Lumpur Kepong Bhd | 1019200 |
| 213671 | PPB Group Bhd | 845953 |
| 1381975 | Press Metal Aluminium Holdings Bhd | 1530996 |
| 6408530 | Public Bank Bhd | 6284869 |
| 2623216 | Top Glove Corp. Bhd | 538935 |
|  |  | 15347588 |

---

---

| |
|:---|
| **Freedom 100 Emerging Markets ETF** |
| **Schedule of Investments (Continued)** |
| **December 31, 2022 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| **Shares** |  | **Value** |
| **Mexico - 3.1%** | **Mexico - 3.1%** |  |
| 1292900 | America Movil S.A.B. de C.V. | $1167734 |
| 72169 | Arca Continental S.A.B. de C.V. | 585307 |
| 35481 | Becle S.A.B. de C.V. | 77475 |
| 122775 | Cemex S.A.B. de C.V. ADR (b) | 497239 |
| 28466 | Fomento Economico Mexicano S.A.B. de C.V. ADR | 2223764 |
| 118194 | Grupo Bimbo S.A.B. de C.V. - Class A | 499185 |
| 6155 | Grupo Elektra S.A.B. de C.V. | 345958 |
| 263842 | Grupo Financiero Banorte S.A.B. de C.V. | 1898812 |
| 151913 | Grupo Financiero Inbursa S.A.B. de C.V. (b) | 257262 |
| 251008 | Grupo Mexico S.A.B. de C.V. - Class B | 884933 |
| 71276 | Sitios Latinoamerica S.A.B. de C.V. (b) | 33651 |
|  |  | 8471320 |
| **Philippines - 2.1%** | **Philippines - 2.1%** |  |
| 133608 | ACEN Corp. | 18269 |
| 44536 | Ayala Corp. | 555426 |
| 289600 | Bank of the Philippine Islands | 530065 |
| 359807 | BDO Unibank, Inc. | 682457 |
| 5057 | Globe Telecom, Inc. | 197824 |
| 193261 | International Container Terminal Services, Inc. | 693593 |
| 640836 | JG Summit Holdings, Inc. | 578423 |
| 46154 | Manila Electric Co. | 247469 |
| 336870 | Metropolitan Bank & Trust Co. | 326427 |
| 15996 | PLDT, Inc. | 378031 |
| 89695 | SM Investments Corp. | 1448576 |
|  |  | 5656560 |
| **Poland - 10.8%** | **Poland - 10.8%** |  |
| 143813 | Alior Bank S.A. (b) | 1124875 |
| 93587 | Asseco Poland S.A. | 1550759 |
| 334725 | Bank Polska Kasa Opieki S.A. | 6608400 |
| 73472 | CCC S.A. (b) | 718898 |
| 115811 | CD Projekt S.A. | 3426738 |
| 378663 | Cyfrowy Polsat S.A. | 1521964 |
| 84907 | Dino Polska S.A. (b)(c) | 7273009 |
| 27448 | KRUK S.A. | 1942068 |
| 1977 | LPP S.A. | 4805608 |
| 9039 | TEN Square Games S.A. | 261184 |
|  |  | 29233503 |
| **Republic of Korea - 15.2%** | **Republic of Korea - 15.2%** |  |
| 16437 | Celltrion, Inc. | 2086335 |
| 19350 | Hyundai Motor Co. | 2310676 |
| 41996 | Kakao Corp. | 1763533 |
| 6353 | LG Chem Ltd. | 3014472 |
| 1394 | LG H&H Co., Ltd. | 795941 |
| 19119 | NAVER Corp. | 2683766 |
| 2265 | Samsung Biologics Co., Ltd. (b)(c) | 1470593 |
| 447743 | Samsung Electronics Co., Ltd. | 19581011 |
| 6321 | Samsung SDI Co., Ltd. | 2954299 |
| 76837 | SK Hynix, Inc. | 4557355 |
|  |  | 41217981 |

---

---

| |
|:---|
| **Freedom 100 Emerging Markets ETF** |
| **Schedule of Investments (Continued)** |
| **December 31, 2022 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| **Shares** |  | **Value** |
| **South Africa - 6.7%** | **South Africa - 6.7%** |  |
| 71336 | AngloGold Ashanti Ltd. ADR | $1385345 |
| 22473 | Capitec Bank Holdings Ltd. | 2458185 |
| 940109 | FirstRand Ltd. | 3437038 |
| 152530 | Gold Fields Ltd. ADR | 1578686 |
| 145432 | Impala Platinum Holdings Ltd. | 1824314 |
| 317021 | MTN Group Ltd. | 2375150 |
| 59288 | Northam Platinum Holdings Ltd. (b) | 653132 |
| 398339 | Sanlam Ltd. | 1142181 |
| 401725 | Sibanye Stillwater Ltd. | 1057317 |
| 238967 | Standard Bank Group Ltd. | 2359819 |
|  |  | 18271167 |
| **Taiwan - 16.7%** | **Taiwan - 16.7%** |  |
| 1545770 | Cathay Financial Holding Co., Ltd. | 2011706 |
| 901669 | Chunghwa Telecom Co., Ltd. | 3315013 |
| 349480 | Delta Electronics, Inc. | 3257667 |
| 209437 | Formosa Petrochemical Corp. | 547178 |
| 767766 | Formosa Plastics Corp. | 2168245 |
| 1293940 | Fubon Financial Holding Co., Ltd. | 2370185 |
| 2395785 | Hon Hai Precision Industry Co., Ltd. | 7787051 |
| 299192 | MediaTek, Inc. | 6084007 |
| 194925 | Taiwan Semiconductor Manufacturing Co., Ltd. ADR | 14519963 |
| 2488574 | United Microelectronics Corp. | 3295374 |
|  |  | 45356389 |
| **Thailand - 3.1%** | **Thailand - 3.1%** |  |
| 169275 | Advanced Info Service PCL | 953042 |
| 1649412 | Bangkok Dusit Medical Services PCL | 1381058 |
| 857505 | CP ALL PCL | 1689757 |
| 161146 | Energy Absolute PCL | 451311 |
| 631649 | Gulf Energy Development PCL | 1007611 |
| 270332 | Indorama Ventures PCL | 318061 |
| 186788 | Intouch Holdings PCL | 416612 |
| 372307 | Kasikornbank PCL | 1585543 |
| 374531 | PTT Global Chemical PCL | 510945 |
| 56959 | Siam Makro PCL | 65782 |
|  |  | 8379722 |
|  | TOTAL COMMON STOCKS (Cost $299,485,026) | 267310920 |
| **PREFERRED STOCKS - 1.3%** | **PREFERRED STOCKS - 1.3%** |  |
| **Brazil - 1.3%** | **Brazil - 1.3%** |  |
| 154937 | Banco Bradesco S.A. ADR | 446219 |
| 652544 | Itau Unibanco Holding S.A. ADR | 3073482 |
|  | TOTAL PREFERRED STOCKS (Cost $3,706,933) | 3519701 |
| **INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 0.1%** | **INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 0.1%** |  |
| 274639 | First American Government Obligations Fund - Class X, 4.08% (d) | 274639 |
|  | TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING (Cost $274,639) | 274639 |

---

---

| |
|:---|
| **Freedom 100 Emerging Markets ETF** |
| **Schedule of Investments (Continued)** |
| **December 31, 2022 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| **Shares** |  | **Value** |
| **MONEY MARKET FUNDS - 0.5%** | **MONEY MARKET FUNDS - 0.5%** |  |
| 1379887 | First American Government Obligations Fund - Class X, 4.08% (d) | $1379887 |
|  | TOTAL MONEY MARKET FUNDS (Cost $1,379,887) | 1379887 |
|  | TOTAL INVESTMENTS (Cost $304,846,485) - 100.4% | 272485147 |
|  | Other Liabilities in Excess of Assets - (0.4%) | (1172141) |
|  | TOTAL NET ASSETS - 100.0% | $271313006 |

---

---

| | |
|:---|:---|
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. |
| ADR - American Depository Receipt | ADR - American Depository Receipt |
| (a) | This security or a portion of this security was out on loan as of December 31, 2022. Total loaned securities had a market value of $267,468 as of December 31, 2022. |
| (b) | Non-income producing security. |
| (c) | 144A restricted security. |
| (d) | Rate shown is the 7-day effective yield. |

---

**Freedom 100 Emerging Markets ETF**

**SIGNIFICANT ACCOUNTING POLICIES**

Security Valuation. Equity securities that are traded on a national securities exchange, except those listed on the NASDAQ Global Market<sup>®</sup> ("NASDAQ") are valued at the last reported sale price on the exchange on which the security is principally traded. Securities traded on NASDAQ will be valued at the NASDAQ Official Closing Price ("NOCP"). If, on a particular day, an exchange-traded or NASDAQ security does not trade, then the most recent quoted bid for exchange-traded or the mean between the most recent quoted bid and ask price for NASDAQ securities will be used. Equity securities that are not traded on a listed exchange are generally valued at the last sale price in the over-the-counter market. If a non-exchange traded security does not trade on a particular day, then the mean between the last quoted closing bid and asked price will be used. Prices denominated in foreign currencies are converted to U.S. dollar equivalents at the current exchange rate, which approximates fair value. Redeemable securities issued by open-end investment companies are valued at the investment company's applicable net asset value, with the exception of exchange-traded open-end investment companies which are priced as equity securities.

Securities for which quotations are not readily available are valued by a committee established by the Trust's Board of Trustees (the "Board") in accordance with procedures established by the Board. This "fair valuation" process is designed to value the subject security at the price the Trust would reasonably expect to receive upon its current sale. When a security is "fair valued," consideration is given to the facts and circumstances relevant to the particular situation, including a review of various factors set forth in the pricing procedures adopted by the Board. The use of "fair value" pricing by the Fund may cause the net asset value of its shares to differ significantly from the net asset value that would be calculated without regard to such considerations. As of December 31, 2022, the Fund did not hold any securities valued by an investment committee.

As described above, the Fund may use various methods to measure the fair value of their investments on a recurring basis. Generally Accepted Accounting Principles ("GAAP") establishes a hierarchy that prioritizes inputs to valuation methods. The three levels of inputs are:

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 would be based on the best information available.

The availability of observable inputs can vary from security to security and is affected by a wide variety of factors, including, for example, the type of security, whether the security is new and not yet established in the marketplace, the liquidity of markets, and other characteristics particular to the security. To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3.

The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the level in the fair value hierarchy within which the fair value measurement falls in its entirety, is determined based on the lowest level input that is significant to the fair value measurement in its entirety.

**Freedom 100 Emerging Markets ETF**

The following is a summary of the fair value classification of the Fund's investments as of December 31, 2022:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **DESCRIPTION** | **LEVEL 1** | **LEVEL 2** | **LEVEL 3** | **TOTAL** |
| **<u>Freedom 100 Emerging Markets ETF</u>** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**<u>Assets\*</u>** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Common Stocks | $267310920 | $- | $- | $267310920 |
| &nbsp;&nbsp;&nbsp;Preferred Stocks | 3519701 |  |  | 3519701 |
| &nbsp;&nbsp;&nbsp;Investments purchased with Proceeds from Securities Lending | 274639 |  |  | 274639 |
| &nbsp;&nbsp;&nbsp;Money Market Funds | 1379887 | - | - | 1379887 |
| &nbsp;&nbsp;&nbsp;**Total Investments in Securities** | $**272485147** | $**-** | $**-** | $**272485147** |

---

\* For further detail on each asset class, see the Schedule of Investments

During the fiscal period ended December 31, 2022, there were no transfers between Levels 1 and 3 during the reporting period. Below is a reconciliation that details the activity of securities classified as Level 3 during the period ended December 31, 2022.

---

| | |
|:---|:---|
|  | **Freedom 100 Emerging Markets ETF** |
|  | **Rights** |
| Value, Beginning of Period | $1698 |
| Purchases |  |
| Proceeds from Sales | (3070) |
| Net Realized Gains (Losses) |  |
| Return of Capital |  |
| Change in Unrealized Appreciation (Depreciation) | 1372 |
| Transfers In/(Out) of Level 3 | - |
| Value, End of 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:** 19 E Eagle Road

  - **City:** Havertown

  - **State:** PA

  - **Foreign country:** US

  - **Zip / Postal Code:** PA

  - **Telephone number:** 2158829983

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

- **a. Name of Series:** Freedom 100 Emerging Markets ETF

- **b. EDGAR series identifier (if any):** S000065423

- **c. LEI of Series:** 549300WUYOZ027YGQK87

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

- **a. Date of fiscal year-end:** 2023-09-30

- **b. Date as of which information is reported:** 2022-12-30

**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:** $278945604.92

**Total Liabilities:** $7620508.08

**Net Assets:** $271325096.84

**Cash Not Reported:** $627.25

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000211567 | 4.92%                | 11.15%               | -3.09%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-15484.07               | $10413897.56                               |
| Month 2  | $-19215.50               | $26843018.42                               |
| Month 3  | $-42871.80               | $-9767915.16                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ANGLOGOLD ASHANTI LIMITED                     | ANGLOGOLD ASHANTI LIMITED                     | CUSIP: N/A<br>LEI: 378900EF3BA9A5F42A59 | Long             | EC               | CORP              | ZA        |     71336 | NS      | $1385345.12   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| BANCO BRADESCO S A                            | BANCO BRADESCO S A                            | CUSIP: N/A<br>LEI: 549300CTUU1RFXHQJE44 | Long             | EP               | CORP              | BR        |    172977 | NS      | $498173.76    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| BANCO SANTANDER BRASIL S A                    | BANCO SANTANDER BRASIL S A                    | CUSIP: N/A<br>LEI: 549300D1H731B30TSI43 | Long             | EC               | CORP              | BR        |     52235 | NS      | $281546.65    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| CEMEX SAB DE CV                               | CEMEX SAB DE CV                               | CUSIP: N/A<br>LEI: 549300RIG2CXWN6IV731 | Long             | EC               | CORP              | MX        |    142675 | NS      | $577833.75    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| COMPANIA CERVECERIAS UNIDAS S SPONSORED ADR   | COMPANIA CERVECERIAS UNIDAS S SPONSORED ADR   | CUSIP: N/A<br>LEI: 529900BJW9B0O6LI2R39 | Long             | EC               | CORP              | CL        |    123161 | NS      | $1615872.32   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| BCO CREDITO INVERS                            | BCO CREDITO INVERS                            | CUSIP: N/A<br>LEI: 549300E9E5Y3PKW24142 | Long             | EC               | CORP              | CL        |    117490 | NS      | $3378227.06   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| BANCO DE CHILE                                | BANCO DE CHILE                                | CUSIP: N/A<br>LEI: 8B4EZFY8IHJC44TT2K84 | Long             | EC               | CORP              | CL        |  89237885 | NS      | $9257805.93   | 3.41%             |  |  |  | No            |                  1 | On Loan: No      |
| EMPRESAS CMPC SA                              | EMPRESAS CMPC SA                              | CUSIP: N/A<br>LEI: N/A                  | Long             | EC               | CORP              | CL        |   2123976 | NS      | $3545343.49   | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| EMPRESAS COPEC SA                             | EMPRESAS COPEC SA                             | CUSIP: N/A<br>LEI: 549300Q3IDJYG6Z7PA50 | Long             | EC               | CORP              | CL        |    747628 | NS      | $5578234.73   | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| VALE S.A.                                     | VALE S.A.                                     | CUSIP: N/A<br>LEI: 254900SMTWBX7RU2SR20 | Long             | EC               | CORP              | BR        |    609935 | NS      | $10319710.89  | 3.80%             |  |  |  | No            |                  1 | On Loan: No      |
| SUDAMERICANA VAPOR                            | SUDAMERICANA VAPOR                            | CUSIP: N/A<br>LEI: 549300F26ZOE5LM26551 | Long             | EC               | CORP              | CL        | 123060384 | NS      | $9720065.70   | 3.58%             |  |  |  | No            |                  1 | On Loan: No      |
| COLBUN S.A.                                   | COLBUN S.A.                                   | CUSIP: N/A<br>LEI: 5493003VQJLE2QB8IF36 | Long             | EC               | CORP              | CL        |  16339070 | NS      | $1681580.68   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| GPO BIMBO SAB                                 | GPO BIMBO SAB                                 | CUSIP: N/A<br>LEI: 5493000RIXURZEBFEV60 | Long             | EC               | CORP              | MX        |    133586 | NS      | $564192.02    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| GPO FIN BANORTE                               | GPO FIN BANORTE                               | CUSIP: N/A<br>LEI: N/A                  | Long             | EC               | CORP              | MX        |    288025 | NS      | $2072851.77   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| GRUPO MEXICO SAB                              | GRUPO MEXICO SAB                              | CUSIP: N/A<br>LEI: 529900JWLZAYET2ZGW20 | Long             | EC               | CORP              | MX        |    285312 | NS      | $1005872.50   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICA MOVIL SAB                             | AMERICA MOVIL SAB                             | CUSIP: N/A<br>LEI: 5493000FNR3UCEAONM59 | Long             | EC               | CORP              | MX        |   1426133 | NS      | $1288068.19   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| FALABELLA SA                                  | FALABELLA SA                                  | CUSIP: N/A<br>LEI: 5493004CKJQ7H391LM41 | Long             | EC               | CORP              | CL        |   3271032 | NS      | $6362750.13   | 2.35%             |  |  |  | No            |                  1 | On Loan: No      |
| GPO FIN INBURSA SA                            | GPO FIN INBURSA SA                            | CUSIP: N/A<br>LEI: N/A                  | Long             | EC               | CORP              | MX        |    167859 | NS      | $284265.88    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| ARCA CONTINENTAL SAB DE CV                    | ARCA CONTINENTAL SAB DE CV                    | CUSIP: N/A<br>LEI: 254900U2BSJCQHJCXN24 | Long             | EC               | CORP              | MX        |     78804 | NS      | $639118.58    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| WEG SA                                        | WEG SA                                        | CUSIP: N/A<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |    209248 | NS      | $1532180.06   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| GRUPO ELEKTRA SAB                             | GRUPO ELEKTRA SAB                             | CUSIP: N/A<br>LEI: 4469000001BCXPDCGY70 | Long             | EC               | CORP              | MX        |      6155 | NS      | $345957.97    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST AMERN FDS INC                           | FIRST AMERN FDS INC                           | CUSIP: N/A<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |   1379887 | NS      | $1379886.88   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| FOMENTO ECONOMICO MEXICANO SAB SPON ADR UNITS | FOMENTO ECONOMICO MEXICANO SAB SPON ADR UNITS | CUSIP: N/A<br>LEI: 549300A8MDWDJNMLV153 | Long             | EC               | CORP              | MX        |     30736 | NS      | $2401096.32   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| GOLD FIELDS LTD                               | GOLD FIELDS LTD                               | CUSIP: N/A<br>LEI: 5299003KXIBJQYCBBD72 | Long             | EC               | CORP              | ZA        |    152530 | NS      | $1578685.50   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| ITAU UNIBANCO HLDG S A                        | ITAU UNIBANCO HLDG S A                        | CUSIP: N/A<br>LEI: 5493002W2IVG62O3ZJ94 | Long             | EP               | CORP              | BR        |    719479 | NS      | $3388746.09   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK PEKAO SA                                 | BANK PEKAO SA                                 | CUSIP: N/A<br>LEI: 5493000LKS7B3UTF7H35 | Long             | EC               | CORP              | PL        |    334725 | NS      | $6608399.81   | 2.44%             |  |  |  | No            |                  1 | On Loan: No      |
| ASSECO POLAND SA                              | ASSECO POLAND SA                              | CUSIP: N/A<br>LEI: 259400O79EWIK4XZPL40 | Long             | EC               | CORP              | PL        |     93587 | NS      | $1550758.60   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| BARITO PACIFIC TBK                            | BARITO PACIFIC TBK                            | CUSIP: N/A<br>LEI: 254900CLXCIVO1KCF078 | Long             | EC               | CORP              | ID        |   9195144 | NS      | $445950.44    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| BK OF PHILIP ISLAN                            | BK OF PHILIP ISLAN                            | CUSIP: N/A<br>LEI: 549300UW4UH6XT2X8C50 | Long             | EC               | CORP              | PH        |    289600 | NS      | $530065.05    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| DIGI.COM.BERHAD                               | DIGI.COM.BERHAD                               | CUSIP: N/A<br>LEI: N/A                  | Long             | EC               | CORP              | MY        |   1460388 | NS      | $1326118.50   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| KAKAO CORP                                    | KAKAO CORP                                    | CUSIP: N/A<br>LEI: 988400FTKUBQXKVZP434 | Long             | EC               | CORP              | KR        |     41996 | NS      | $1763533.10   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| DELTA ELECTRONIC                              | DELTA ELECTRONIC                              | CUSIP: N/A<br>LEI: 529900UVZWNWGDLJSM52 | Long             | EC               | CORP              | TW        |    349480 | NS      | $3257666.87   | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| GLOBE TELECOM INC                             | GLOBE TELECOM INC                             | CUSIP: N/A<br>LEI: 254900GPWI1816YIM923 | Long             | EC               | CORP              | PH        |      5057 | NS      | $197824.41    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| CHUNGHWA TELECOM                              | CHUNGHWA TELECOM                              | CUSIP: N/A<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |    901669 | NS      | $3315013.49   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| CHAROEN POKPHAND                              | CHAROEN POKPHAND                              | CUSIP: N/A<br>LEI: 529900JL5SA37OU87X40 | Long             | EC               | CORP              | ID        |   2382761 | NS      | $864788.80    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| LG H&H CO LTD                                 | LG H&H CO LTD                                 | CUSIP: N/A<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      1394 | NS      | $795941.48    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| LG CHEMICAL                                   | LG CHEMICAL                                   | CUSIP: N/A<br>LEI: 988400IES4EIG7O06940 | Long             | EC               | CORP              | KR        |      6353 | NS      | $3014472.12   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| FORMOSA PLASTIC                               | FORMOSA PLASTIC                               | CUSIP: N/A<br>LEI: 254900KM6G17UTG1QN82 | Long             | EC               | CORP              | TW        |    767766 | NS      | $2168244.82   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| GUDANG GARAM TBK                              | GUDANG GARAM TBK                              | CUSIP: N/A<br>LEI: 5299005TDQ8UGGR3AM31 | Long             | EC               | CORP              | ID        |    155262 | NS      | $179522.47    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| MEDIATEK INC                                  | MEDIATEK INC                                  | CUSIP: N/A<br>LEI: 254900UEGBK1I4DM4E14 | Long             | EC               | CORP              | TW        |    299192 | NS      | $6084007.09   | 2.24%             |  |  |  | No            |                  1 | On Loan: No      |
| FUBON FINANCIAL HL                            | FUBON FINANCIAL HL                            | CUSIP: N/A<br>LEI: 549300G7Y2TS2XNIB476 | Long             | EC               | CORP              | TW        |   1293940 | NS      | $2370185.03   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| ADVANCED INFO SERV                            | ADVANCED INFO SERV                            | CUSIP: N/A<br>LEI: 529900DU2YW1NO5RMU78 | Long             | EC               | CORP              | TH        |    176938 | NS      | $996186.23    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| CATHAY FINL HLDG                              | CATHAY FINL HLDG                              | CUSIP: N/A<br>LEI: 5299009XR1QLFAMQ3X77 | Long             | EC               | CORP              | TW        |   1597672 | NS      | $2079252.98   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| HONG LEONG BANK                               | HONG LEONG BANK                               | CUSIP: N/A<br>LEI: 549300BUPYUQGB5BFX94 | Long             | EC               | CORP              | MY        |    276028 | NS      | $1288339.54   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| HON HAI PRECISION                             | HON HAI PRECISION                             | CUSIP: N/A<br>LEI: 30030004CM3GSZXX7O56 | Long             | EC               | CORP              | TW        |   2395785 | NS      | $7787051.50   | 2.87%             |  |  |  | No            |                  1 | On Loan: No      |
| CAPITEC BANK HLDGS                            | CAPITEC BANK HLDGS                            | CUSIP: N/A<br>LEI: N/A                  | Long             | EC               | CORP              | ZA        |     22473 | NS      | $2458185.45   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| SK HYNIX INC                                  | SK HYNIX INC                                  | CUSIP: N/A<br>LEI: 988400XAIK6XISWQV045 | Long             | EC               | CORP              | KR        |     76837 | NS      | $4557354.69   | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| HYUNDAI MOTOR CO                              | HYUNDAI MOTOR CO                              | CUSIP: N/A<br>LEI: 9884004RQX8PRBXQ8S60 | Long             | EC               | CORP              | KR        |     19350 | NS      | $2310676.16   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| INTL CONTAINER TER                            | INTL CONTAINER TER                            | CUSIP: N/A<br>LEI: 254900FU1MWK0I0Q4J61 | Long             | EC               | CORP              | PH        |    193261 | NS      | $693592.93    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| INDAH KIAT PULP&PA                            | INDAH KIAT PULP&PA                            | CUSIP: N/A<br>LEI: 529900F19DXXA9HNCB51 | Long             | EC               | CORP              | ID        |    975945 | NS      | $546980.58    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| JG SUMMIT HLDGS                               | JG SUMMIT HLDGS                               | CUSIP: N/A<br>LEI: 8945008FXJ2QCVCRJM25 | Long             | EC               | CORP              | PH        |    640836 | NS      | $578422.70    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| KUALA LUMPUR KEPG                             | KUALA LUMPUR KEPG                             | CUSIP: N/A<br>LEI: 2549009JSTRFMR7A8D34 | Long             | EC               | CORP              | MY        |    200786 | NS      | $1019199.76   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| METROPOLITAN BANK                             | METROPOLITAN BANK                             | CUSIP: N/A<br>LEI: 549300SQYI82RVWFN715 | Long             | EC               | CORP              | PH        |    336870 | NS      | $326427.35    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| NAVER CORP                                    | NAVER CORP                                    | CUSIP: N/A<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     19119 | NS      | $2683766.31   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| MTN GROUP LTD                                 | MTN GROUP LTD                                 | CUSIP: N/A<br>LEI: 2549009JD6Q6XHZS5E05 | Long             | EC               | CORP              | ZA        |    331571 | NS      | $2484160.28   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRSTRAND LTD                                 | FIRSTRAND LTD                                 | CUSIP: N/A<br>LEI: 529900XYOP8CUZU7R671 | Long             | EC               | CORP              | ZA        |    940109 | NS      | $3437037.95   | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| PPB GROUP BERHAD                              | PPB GROUP BERHAD                              | CUSIP: N/A<br>LEI: N/A                  | Long             | EC               | CORP              | MY        |    226185 | NS      | $895497.48    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| FORMOSA PETROCHEMI                            | FORMOSA PETROCHEMI                            | CUSIP: N/A<br>LEI: 529900UWWAOQ8470E792 | Long             | EC               | CORP              | TW        |    209437 | NS      | $547178.05    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| SAMSUNG SDI                                   | SAMSUNG SDI                                   | CUSIP: N/A<br>LEI: 9884002AESDO4YW87G32 | Long             | EC               | CORP              | KR        |      6321 | NS      | $2954298.93   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| SAMSUNG ELECTRONIC                            | SAMSUNG ELECTRONIC                            | CUSIP: N/A<br>LEI: 9884007ER46L6N7EI764 | Long             | EC               | CORP              | KR        |    447743 | NS      | $19581010.60  | 7.22%             |  |  |  | No            |                  1 | On Loan: No      |
| KASIKORNBANK PCL                              | KASIKORNBANK PCL                              | CUSIP: N/A<br>LEI: 5493004COSQ54937AW41 | Long             | EC               | CORP              | TH        |    396603 | NS      | $1689012.34   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| UTD MICRO ELECT                               | UTD MICRO ELECT                               | CUSIP: N/A<br>LEI: 391200YJCAGH9LF96P73 | Long             | EC               | CORP              | TW        |   2558578 | NS      | $3388073.22   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| LPP SA                                        | LPP SA                                        | CUSIP: N/A<br>LEI: 259400NUS7MKGPJL4752 | Long             | EC               | CORP              | PL        |      1977 | NS      | $4805607.86   | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| CD PROJEKT SA                                 | CD PROJEKT SA                                 | CUSIP: N/A<br>LEI: 259400TYO5Q8SH8TL437 | Long             | EC               | CORP              | PL        |    117235 | NS      | $3468872.70   | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| SOCIEDAD QUIMICA Y MINERA DE SPON ADR SER B   | SOCIEDAD QUIMICA Y MINERA DE SPON ADR SER B   | CUSIP: N/A<br>LEI: TJ88LXZZW5PWIN93ZC81 | Long             | EC               | CORP              | CL        |    250426 | NS      | $19994011.84  | 7.37%             |  |  |  | No            |                  1 | On Loan: No      |
| TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS    | TAIWAN SEMICONDUCTOR MFG LTD SPONSORED ADS    | CUSIP: N/A<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |    213792 | NS      | $15925366.08  | 5.87%             |  |  |  | No            |                  1 | On Loan: No      |
| DIALOG GROUP                                  | DIALOG GROUP                                  | CUSIP: N/A<br>LEI: N/A                  | Long             | EC               | CORP              | MY        |   2063305 | NS      | $1147581.67   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| CENCOSUD SA                                   | CENCOSUD SA                                   | CUSIP: N/A<br>LEI: 549300NLTGCFV7482429 | Long             | EC               | CORP              | CL        |   2684560 | NS      | $4414926.26   | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| PUBLIC BK BHD                                 | PUBLIC BK BHD                                 | CUSIP: N/A<br>LEI: 549300L2RSQCVMOHGM20 | Long             | EC               | CORP              | MY        |   6408530 | NS      | $6284869.38   | 2.32%             |  |  |  | No            |                  1 | On Loan: No      |
| BK CENTRAL ASIA                               | BK CENTRAL ASIA                               | CUSIP: N/A<br>LEI: 254900BR956G2OHVOM21 | Long             | EC               | CORP              | ID        |  17845893 | NS      | $9801341.59   | 3.61%             |  |  |  | No            |                  1 | On Loan: No      |
| SUZANO SA                                     | SUZANO SA                                     | CUSIP: N/A<br>LEI: 391200AW174YQSDMGG41 | Long             | EC               | CORP              | BR        |    106216 | NS      | $974095.12    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| STANDARD BK GR LTD                            | STANDARD BK GR LTD                            | CUSIP: N/A<br>LEI: 2549003PEZXUT7MDBU41 | Long             | EC               | CORP              | ZA        |    238967 | NS      | $2359818.90   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| CCC SA                                        | CCC SA                                        | CUSIP: N/A<br>LEI: 259400NWPQ2HCSMZP970 | Long             | EC               | CORP              | PL        |     77835 | NS      | $761588.65    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| TOP GLOVE CORP BHD                            | TOP GLOVE CORP BHD                            | CUSIP: N/A<br>LEI: N/A                  | Long             | EC               | CORP              | MY        |   2778497 | NS      | $570837.64    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| SM INVEST CORP                                | SM INVEST CORP                                | CUSIP: N/A<br>LEI: 254900YB8UATFP21AF80 | Long             | EC               | CORP              | PH        |     89695 | NS      | $1448575.66   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| CP ALL PCL                                    | CP ALL PCL                                    | CUSIP: N/A<br>LEI: 894500LSBZLM09TY1A91 | Long             | EC               | CORP              | TH        |    906431 | NS      | $1786167.63   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| AYALA CORP                                    | AYALA CORP                                    | CUSIP: N/A<br>LEI: 254900QJ68UH8GKNGI69 | Long             | EC               | CORP              | PH        |     44536 | NS      | $555426.32    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| CELLTRION INC                                 | CELLTRION INC                                 | CUSIP: N/A<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     16437 | NS      | $2086334.99   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| SANLAM LTD                                    | SANLAM LTD                                    | CUSIP: N/A<br>LEI: 37890014418406D9FC23 | Long             | EC               | CORP              | ZA        |    398339 | NS      | $1142180.60   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| IMPALA PLATINUM                               | IMPALA PLATINUM                               | CUSIP: N/A<br>LEI: 254900BZFIFB4PD2Z778 | Long             | EC               | CORP              | ZA        |    145432 | NS      | $1824314.07   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| GENTING BHD                                   | GENTING BHD                                   | CUSIP: N/A<br>LEI: N/A                  | Long             | EC               | CORP              | MY        |   1198592 | NS      | $1218999.36   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| MANILA ELECTRIC CO                            | MANILA ELECTRIC CO                            | CUSIP: N/A<br>LEI: 254900RDFLCM12O8SK69 | Long             | EC               | CORP              | PH        |     46154 | NS      | $247468.76    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| HARTALEGA HOLDINGS                            | HARTALEGA HOLDINGS                            | CUSIP: N/A<br>LEI: N/A                  | Long             | EC               | CORP              | MY        |    671804 | NS      | $259266.02    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| CYFROWY POLSAT SA                             | CYFROWY POLSAT SA                             | CUSIP: N/A<br>LEI: 259400EM1ITR201TTX36 | Long             | EC               | CORP              | PL        |    378663 | NS      | $1521963.65   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| CHANDRA ASRI PETRO                            | CHANDRA ASRI PETRO                            | CUSIP: N/A<br>LEI: N/A                  | Long             | EC               | CORP              | ID        |   2177292 | NS      | $359443.74    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| ADARO ENERGY INDO                             | ADARO ENERGY INDO                             | CUSIP: N/A<br>LEI: 529900P2WAH7XA87OI24 | Long             | EC               | CORP              | ID        |   5015245 | NS      | $1240320.75   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| MAGAZINE LUIZA SA                             | MAGAZINE LUIZA SA                             | CUSIP: N/A<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |    392663 | NS      | $203777.95    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| KRUK SA                                       | KRUK SA                                       | CUSIP: N/A<br>LEI: 259400T1FZYBIW8XUJ78 | Long             | EC               | CORP              | PL        |     27448 | NS      | $1942068.08   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| BDO UNIBANK INC                               | BDO UNIBANK INC                               | CUSIP: N/A<br>LEI: 3FGIIBS1PEI1FYQBGN97 | Long             | EC               | CORP              | PH        |    359807 | NS      | $682456.97    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| INDORAMA VENTURES THB1(LOCAL)                 | INDORAMA VENTURES THB1(LOCAL)                 | CUSIP: N/A<br>LEI: N/A                  | Long             | EC               | CORP              | TH        |    270332 | NS      | $318060.60    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| PTT GLOBAL CHEMICA                            | PTT GLOBAL CHEMICA                            | CUSIP: N/A<br>LEI: 5493007X3230PPPZFF40 | Long             | EC               | CORP              | TH        |    374531 | NS      | $510945.28    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| KALBE FARMA                                   | KALBE FARMA                                   | CUSIP: N/A<br>LEI: 529900PRQI8S32HOE387 | Long             | EC               | CORP              | ID        |   6488404 | NS      | $871094.55    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| ALIOR BANK SA                                 | ALIOR BANK SA                                 | CUSIP: N/A<br>LEI: 259400QHDOZWMJ103294 | Long             | EC               | CORP              | PL        |    152110 | NS      | $1189772.49   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| ENERGY ABSOLUTE PC                            | ENERGY ABSOLUTE PC                            | CUSIP: N/A<br>LEI: N/A                  | Long             | EC               | CORP              | TH        |    179903 | NS      | $503842.67    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| SARANA MENARA NUSA                            | SARANA MENARA NUSA                            | CUSIP: N/A<br>LEI: N/A                  | Long             | EC               | CORP              | ID        |   8396029 | NS      | $593263.65    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| DINO POLSKA SA                                | DINO POLSKA SA                                | CUSIP: N/A<br>LEI: 259400H4L81SMPRTW956 | Long             | EC               | CORP              | PL        |     85732 | NS      | $7343677.09   | 2.71%             |  |  |  | No            |                  1 | On Loan: No      |
| PLDT INC                                      | PLDT INC                                      | CUSIP: N/A<br>LEI: 254900ADE8GQHM5P2648 | Long             | EC               | CORP              | PH        |     15996 | NS      | $378031.17    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| PRESS METAL ALUMIN                            | PRESS METAL ALUMIN                            | CUSIP: N/A<br>LEI: 254900RO5GQ4M0YV5S47 | Long             | EC               | CORP              | MY        |   1466911 | NS      | $1625090.96   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| SIAM MAKRO                                    | SIAM MAKRO                                    | CUSIP: N/A<br>LEI: N/A                  | Long             | EC               | CORP              | TH        |     56959 | NS      | $65782.01     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| TEN SQUARE GAMES                              | TEN SQUARE GAMES                              | CUSIP: N/A<br>LEI: 2594005719IKYHOINE82 | Long             | EC               | CORP              | PL        |      9039 | NS      | $261183.74    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| B3 SA                                         | B3 SA                                         | CUSIP: N/A<br>LEI: 4GTK5S46E6H318LMDS44 | Long             | EC               | CORP              | BR        |    781354 | NS      | $1972716.29   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| NATURA &CO HDLS SA                            | NATURA &CO HDLS SA                            | CUSIP: N/A<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |    129490 | NS      | $285725.37    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| INTOUCH HOLDINGS P                            | INTOUCH HOLDINGS P                            | CUSIP: N/A<br>LEI: 529900UDPDZWDBCCDO79 | Long             | EC               | CORP              | TH        |    186788 | NS      | $416612.47    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| SIBANYE STILLWATER                            | SIBANYE STILLWATER                            | CUSIP: N/A<br>LEI: 378900F238434B74D281 | Long             | EC               | CORP              | ZA        |    401725 | NS      | $1057317.27   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| GULF ENERGY DEVELO                            | GULF ENERGY DEVELO                            | CUSIP: N/A<br>LEI: N/A                  | Long             | EC               | CORP              | TH        |    672765 | NS      | $1073199.55   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| BANGKOK DUSIT MEDI                            | BANGKOK DUSIT MEDI                            | CUSIP: N/A<br>LEI: N/A                  | Long             | EC               | CORP              | TH        |   1755903 | NS      | $1470223.39   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| ACEN CORPORATION                              | ACEN CORPORATION                              | CUSIP: N/A<br>LEI: 549300LGUZQ61GQQXQ60 | Long             | EC               | CORP              | PH        |    133608 | NS      | $18269.13     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| NORTHAM PLATINUM H                            | NORTHAM PLATINUM H                            | CUSIP: N/A<br>LEI: 3789009D0712C7101695 | Long             | EC               | CORP              | ZA        |     63874 | NS      | $703652.49    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| REDE D OR SAO LUIZ                            | REDE D OR SAO LUIZ                            | CUSIP: N/A<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |     79062 | NS      | $438605.23    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| SITIOS LATINOAMERI                            | SITIOS LATINOAMERI                            | CUSIP: N/A<br>LEI: N/A                  | Long             | EC               | CORP              | MX        |     71276 | NS      | $33650.95     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| BECLE SAB DE CV                               | BECLE SAB DE CV                               | CUSIP: N/A<br>LEI: 529900JY55CZKMJLCE09 | Long             | EC               | CORP              | MX        |     46724 | NS      | $102024.80    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| SAMSUNG BIOLOGICS                             | SAMSUNG BIOLOGICS                             | CUSIP: N/A<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      2265 | NS      | $1470593.12   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| MERDEKA COPPER GLD                            | MERDEKA COPPER GLD                            | CUSIP: N/A<br>LEI: N/A                  | Long             | EC               | CORP              | ID        |   4429449 | NS      | $1172271.07   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2022-12-30

**Name of Applicant:** EA Series Trust

**Signature:** Jessica Leighty

**Name of Signer:** Jessica Leighty

**Title:** Chief Compliance Officer