# EDGAR Filing Document

**Accession Number:** 0001592900
**File Stem:** 0001592900-23-000125
**Filing Date:** 2023-3
**Character Count:** 34753
**Document Hash:** 5b04679e243ab8c4a4a5d6c09fe1bb44
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001592900-23-000125.hdr.sgml**: 20230301

**ACCESSION NUMBER**: 0001592900-23-000125

**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:** 23691817

**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 Day Dividend ETF (Series ID: S000071574)

| Class ID   | Class Name               | Ticker Symbol   |
|:---|:---|:---|
| C000226900 | Freedom Day Dividend ETF | MBOX            |

## Nport-Ex

---

| |
|:---|
| **Freedom Day Dividend ETF** |
| **Schedule of Investments** |
| **December 31, 2022 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| **Shares** |  | **Value** |
| **COMMON STOCKS - 96.2%** | **COMMON STOCKS - 96.2%** | **COMMON STOCKS - 96.2%** |
| **Aerospace & Defense - 4.3%** | **Aerospace & Defense - 4.3%** | **Aerospace & Defense - 4.3%** |
| 5226 | L3Harris Technologies, Inc. | $1088105 |
| 2702 | Lockheed Martin Corp. | 1314496 |
|  |  | 2402601 |
| **Asset Management & Custody Banks - 3.0%** | **Asset Management & Custody Banks - 3.0%** | **Asset Management & Custody Banks - 3.0%** |
| 1328 | BlackRock, Inc. | 941061 |
| 6963 | T. Rowe Price Group, Inc. | 759385 |
|  |  | 1700446 |
| **Biotechnology - 4.5%** | **Biotechnology - 4.5%** | **Biotechnology - 4.5%** |
| 8207 | AbbVie, Inc. | 1326333 |
| 4517 | Amgen, Inc. | 1186345 |
|  |  | 2512678 |
| **Broadcasting - 2.0%** | **Broadcasting - 2.0%** | **Broadcasting - 2.0%** |
| 6274 | Nexstar Media Group, Inc. | 1098138 |
| **Building Products - 1.5%** | **Building Products - 1.5%** | **Building Products - 1.5%** |
| 20902 | Carrier Global Corp. | 862207 |
| **Commodity Chemicals - 1.6%** | **Commodity Chemicals - 1.6%** | **Commodity Chemicals - 1.6%** |
| 10928 | LyondellBasell Industries N.V. - Class A ADR (a) | 907352 |
| **Computer & Electronics Retail - 1.7%** | **Computer & Electronics Retail - 1.7%** | **Computer & Electronics Retail - 1.7%** |
| 12071 | Best Buy Co., Inc. | 968215 |
| **Copper - 2.3%** | **Copper - 2.3%** | **Copper - 2.3%** |
| 33227 | Freeport-McMoRan, Inc. | 1262626 |
| **Data Processing & Outsourced Services - 1.9%** | **Data Processing & Outsourced Services - 1.9%** | **Data Processing & Outsourced Services - 1.9%** |
| 4543 | Automatic Data Processing, Inc. | 1085141 |
| **Diversified Banks - 1.9%** | **Diversified Banks - 1.9%** | **Diversified Banks - 1.9%** |
| 16431 | Toronto-Dominion Bank ADR (a) | 1064072 |
| **Food Retail - 1.9%** | **Food Retail - 1.9%** | **Food Retail - 1.9%** |
| 23600 | Kroger Co. | 1052088 |
| **General Merchandise Stores - 1.4%** | **General Merchandise Stores - 1.4%** | **General Merchandise Stores - 1.4%** |
| 5202 | Target Corp. | 775306 |
| **Health Care Services - 4.5%** | **Health Care Services - 4.5%** | **Health Care Services - 4.5%** |
| 3915 | Cigna Corp. | 1297196 |
| 7779 | Quest Diagnostics, Inc. | 1216947 |
|  |  | 2514143 |
| **Home Improvement Retail - 3.9%** | **Home Improvement Retail - 3.9%** | **Home Improvement Retail - 3.9%** |
| 3865 | Home Depot, Inc. | 1220799 |
| 4894 | Lowe's Cos., Inc. | 975081 |
|  |  | 2195880 |

---

---

| |
|:---|
| **Freedom Day Dividend ETF** |
| **Schedule of Investments (Continued)** |
| **December 31, 2022 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| **Shares** |  | **Value** |
| **Homefurnishing Retail - 1.6%** | **Homefurnishing Retail - 1.6%** | **Homefurnishing Retail - 1.6%** |
| 7794 | Williams-Sonoma, Inc. | $895686 |
| **Household Appliances - 1.4%** | **Household Appliances - 1.4%** | **Household Appliances - 1.4%** |
| 5606 | Whirlpool Corp. | 793025 |
| **Household Products - 2.0%** | **Household Products - 2.0%** | **Household Products - 2.0%** |
| 7530 | Procter & Gamble Co. | 1141247 |
| **Interactive Home Entertainment - 1.9%** | **Interactive Home Entertainment - 1.9%** | **Interactive Home Entertainment - 1.9%** |
| 102128 | Nintendo Co., Ltd. ADR (a) | 1064174 |
| **Investment Banking & Brokerage - 1.9%** | **Investment Banking & Brokerage - 1.9%** | **Investment Banking & Brokerage - 1.9%** |
| 12689 | Morgan Stanley | 1078819 |
| **Leisure Products - 1.1%** | **Leisure Products - 1.1%** | **Leisure Products - 1.1%** |
| 12419 | Sturm Ruger & Co., Inc. | 628650 |
| **Life & Health Insurance - 0.1%** | **Life & Health Insurance - 0.1%** | **Life & Health Insurance - 0.1%** |
| 1482 | F&G Annuities & Life, Inc. | 29655 |
| **Managed Health Care - 2.2%** | **Managed Health Care - 2.2%** | **Managed Health Care - 2.2%** |
| 2341 | UnitedHealth Group, Inc. | 1241151 |
| **Oil & Gas Exploration & Production - 9.5%** | **Oil & Gas Exploration & Production - 9.5%** | **Oil & Gas Exploration & Production - 9.5%** |
| 19793 | Canadian Natural Resources Ltd. ADR (a) | 1099105 |
| 9294 | ConocoPhillips | 1096692 |
| 15814 | EOG Resources, Inc. | 2048229 |
| 4792 | Pioneer Natural Resources Co. | 1094445 |
|  |  | 5338471 |
| **Oil & Gas Storage & Transportation - 4.2%** | **Oil & Gas Storage & Transportation - 4.2%** | **Oil & Gas Storage & Transportation - 4.2%** |
| 46583 | Enterprise Products Partners LP | 1123582 |
| 36485 | Williams Cos., Inc. | 1200356 |
|  |  | 2323938 |
| **Packaged Foods & Meats - 2.1%** | **Packaged Foods & Meats - 2.1%** | **Packaged Foods & Meats - 2.1%** |
| 17901 | Mondelez International, Inc. - Class A | 1193102 |
| **Pharmaceuticals - 10.0%** | **Pharmaceuticals - 10.0%** | **Pharmaceuticals - 10.0%** |
| 15403 | Bristol-Myers Squibb Co. | 1108246 |
| 6196 | Eli Lilly & Co. | 2266745 |
| 6534 | Johnson & Johnson | 1154231 |
| 21295 | Pfizer, Inc. | 1091156 |
|  |  | 5620378 |
| **Property & Casualty Insurance - 4.1%** | **Property & Casualty Insurance - 4.1%** | **Property & Casualty Insurance - 4.1%** |
| 21883 | Fidelity National Financial, Inc. | 823238 |
| 11400 | Progressive Corp. | 1478694 |
|  |  | 2301932 |

---

---

| |
|:---|
| **Freedom Day Dividend ETF** |
| **Schedule of Investments (Continued)** |
| **December 31, 2022 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| **Shares** |  | **Value** |
| **Semiconductors - 5.6%** | **Semiconductors - 5.6%** | **Semiconductors - 5.6%** |
| 2067 | Broadcom, Inc. | $1155722 |
| 7772 | Qualcomm, Inc. | 854454 |
| 6712 | Texas Instruments, Inc. | 1108957 |
|  |  | 3119133 |
| **Soft Drinks - 2.6%** | **Soft Drinks - 2.6%** | **Soft Drinks - 2.6%** |
| 8017 | PepsiCo, Inc. | 1448351 |
| **Specialty Stores - 3.6%** | **Specialty Stores - 3.6%** | **Specialty Stores - 3.6%** |
| 7687 | Dick's Sporting Goods, Inc. | 924669 |
| 4917 | Tractor Supply Co. | 1106177 |
|  |  | 2030846 |
| **Technology Hardware, Storage & Peripherals - 1.6%** | **Technology Hardware, Storage & Peripherals - 1.6%** | **Technology Hardware, Storage & Peripherals - 1.6%** |
| 34182 | HP, Inc. | 918470 |
| **Thrifts & Mortgage Finance - 2.0%** | **Thrifts & Mortgage Finance - 2.0%** | **Thrifts & Mortgage Finance - 2.0%** |
| 9769 | Federal Agricultural Mortgage Corp. - Class C | 1101064 |
| **Tobacco - 2.1%** | **Tobacco - 2.1%** | **Tobacco - 2.1%** |
| 11389 | Philip Morris International, Inc. | 1152681 |
|  | TOTAL COMMON STOCKS (Cost $51,670,773) | 53821666 |
| **REAL ESTATE INVESMENT TRUSTS - 3.5%** | **REAL ESTATE INVESMENT TRUSTS - 3.5%** | **REAL ESTATE INVESMENT TRUSTS - 3.5%** |
| **Diversified REITs - 1.3%** | **Diversified REITs - 1.3%** | **Diversified REITs - 1.3%** |
| 42022 | CTO Realty Growth, Inc. | 768162 |
| **Retail REITs - 2.2%** | **Retail REITs - 2.2%** | **Retail REITs - 2.2%** |
| 27212 | National Retail Properties, Inc. | 1245221 |
|  | TOTAL REAL ESTATE INVESMENT TRUSTS (Cost $2,079,976) | 2013383 |
| **MONEY MARKET FUNDS - 0.7%** | **MONEY MARKET FUNDS - 0.7%** | **MONEY MARKET FUNDS - 0.7%** |
| 371173 | First American Government Obligations Fund - Class X, 4.08% (b) | 371173 |
|  | TOTAL MONEY MARKET FUNDS (Cost $371,173) | 371173 |
|  | TOTAL INVESTMENTS (Cost $54,121,922) - 100.4% | 56206222 |
|  | Other Liabilities in Excess of Assets - (0.4%) | (237334) |
|  | TOTAL NET ASSETS - 100.0% | $55968888 |

---

---

| | |
|:---|:---|
| 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) | Foreign issued security. |
| (b) | Rate shown is the 7-day effective yield. |
| The Global Industry Classification Standard (GICS<sup>®</sup>) was developed by and/or is the exclusive property of MSCI, Inc. and Standard & Poor Financial Services LLC ("S&P"). | The Global Industry Classification Standard (GICS<sup>®</sup>) was developed by and/or is the exclusive property of MSCI, Inc. and Standard & Poor Financial Services LLC ("S&P"). |
| GICS is a service mark of MSCI and S&P and has been licensed for use by U.S. Bancorp Fund Services, LLC. | GICS is a service mark of MSCI and S&P and has been licensed for use by U.S. Bancorp Fund Services, LLC. |

---

**Freedom Day Dividend 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 Day Dividend 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 Day Dividend ETF</u>** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**<u>Assets\*</u>** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Common Stocks | $53821666 | $- | $- | $53821666 |
| &nbsp;&nbsp;&nbsp;Real Estate Investment Trusts | 2013383 |  |  | 2013383 |
| &nbsp;&nbsp;&nbsp;Money Market Funds | 371173 | - | - | 371173 |
| &nbsp;&nbsp;&nbsp;**Total Investments in Securities** | $**56206222** | $**-** | $**-** | $**56206222** |

---

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

During the fiscal period ended December 31, 2022, the Fund did not invest in any Level 3 investments and recognized no transfers to/from Level 3. Transfers between levels are recognized at the end of the reporting period.

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

  - **Street Address 1:** 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 Day Dividend ETF

- **b. EDGAR series identifier (if any):** S000071574

- **c. LEI of Series:** 549300YNOMMI26WZTE33

**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:** $56540114.58

**Total Liabilities:** $571198.46

**Net Assets:** $55968916.12

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000226900 | 11.39%               | 5.14%                | -3.97%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $4928786.82                                |
| Month 2  | $-134557.33              | $2758291.26                                |
| Month 3  | $-0.08                   | $-2536592.58                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ABBVIE INC                                   | ABBVIE INC                                   | CUSIP: N/A<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |      8207 | NS      | $1326333.27   | 2.37%             |  |  |  | No            |                  1 | On Loan: No      |
| AMGEN INC                                    | AMGEN INC                                    | CUSIP: N/A<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | EC               | CORP              | US        |      4517 | NS      | $1186344.88   | 2.12%             |  |  |  | No            |                  1 | On Loan: No      |
| AUTOMATIC DATA PROCESSING INC COM            | AUTOMATIC DATA PROCESSING INC COM            | CUSIP: N/A<br>LEI: HGBOLILQXWER4SAL2I23 | Long             | EC               | CORP              | US        |      4543 | NS      | $1085140.98   | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| BEST BUY INC                                 | BEST BUY INC                                 | CUSIP: N/A<br>LEI: HL5XPTVRV0O8TUN5LL90 | Long             | EC               | CORP              | US        |     12071 | NS      | $968214.91    | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| BLACKROCK INC                                | BLACKROCK INC                                | CUSIP: N/A<br>LEI: 549300LRIF3NWCU26A80 | Long             | EC               | CORP              | US        |      1328 | NS      | $941060.64    | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| BRISTOL-MYERS SQUIBB CO                      | BRISTOL-MYERS SQUIBB CO                      | CUSIP: N/A<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               | CORP              | US        |     15403 | NS      | $1108245.85   | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| BROADCOM INC                                 | BROADCOM INC                                 | CUSIP: N/A<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |      2137 | NS      | $1194860.81   | 2.13%             |  |  |  | No            |                  1 | On Loan: No      |
| CIGNA CORP NEW                               | CIGNA CORP NEW                               | CUSIP: N/A<br>LEI: 549300VIWYMSIGT1U456 | Long             | EC               | CORP              | US        |      3915 | NS      | $1297196.10   | 2.32%             |  |  |  | No            |                  1 | On Loan: No      |
| CANADIAN NAT RES LTD                         | CANADIAN NAT RES LTD                         | CUSIP: N/A<br>LEI: 549300T15RIMIKZC5Q38 | Long             | EC               | CORP              | CA        |     19793 | NS      | $1099105.29   | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| CARRIER GLOBAL CORPORATION                   | CARRIER GLOBAL CORPORATION                   | CUSIP: N/A<br>LEI: 549300JE3W6CWY2NAN77 | Long             | EC               | CORP              | US        |     20902 | NS      | $862207.50    | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| CONOCOPHILLIPS                               | CONOCOPHILLIPS                               | CUSIP: N/A<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |      9294 | NS      | $1096692.00   | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| CTO RLTY GROWTH INC NEW                      | CTO RLTY GROWTH INC NEW                      | CUSIP: N/A<br>LEI: N/A                  | Long             | RE               | RF                | US        |     42022 | NS      | $768162.16    | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| DICKS SPORTING GOODS INC                     | DICKS SPORTING GOODS INC                     | CUSIP: N/A<br>LEI: 529900SSBV5I4LWSK313 | Long             | EC               | CORP              | US        |      7687 | NS      | $924669.23    | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| EOG RES INC                                  | EOG RES INC                                  | CUSIP: N/A<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |     15814 | NS      | $2048229.28   | 3.66%             |  |  |  | No            |                  1 | On Loan: No      |
| ENTERPRISE PRODS PARTNERS L P COM            | ENTERPRISE PRODS PARTNERS L P COM            | CUSIP: N/A<br>LEI: K4CDIF4M54DJZ6TB4Q48 | Long             | EC               | CORP              | US        |     46583 | NS      | $1123581.96   | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| F&G ANNUITIES & LIFE INC                     | F&G ANNUITIES & LIFE INC                     | CUSIP: N/A<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1482 | NS      | $29654.82     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| FEDERAL AGRIC MTG CORP                       | FEDERAL AGRIC MTG CORP                       | CUSIP: N/A<br>LEI: 549300MS654K78GYF580 | Long             | EC               | CORP              | US        |      9769 | NS      | $1101063.99   | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| FIDELITY NATIONAL FINANCIAL IN FNF GROUP COM | FIDELITY NATIONAL FINANCIAL IN FNF GROUP COM | CUSIP: N/A<br>LEI: 549300CAZYIH39SYQ287 | Long             | EC               | CORP              | US        |     21883 | NS      | $823238.46    | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST AMERN FDS INC                          | FIRST AMERN FDS INC                          | CUSIP: N/A<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |    371173 | NS      | $371173.49    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| FREEPORT-MCMORAN INC                         | FREEPORT-MCMORAN INC                         | CUSIP: N/A<br>LEI: 549300IRDTHJQ1PVET45 | Long             | EC               | CORP              | US        |     34859 | NS      | $1324642.00   | 2.37%             |  |  |  | No            |                  1 | On Loan: No      |
| HP INC                                       | HP INC                                       | CUSIP: N/A<br>LEI: WHKXQACZ14C5XRO8LW03 | Long             | EC               | CORP              | US        |     34182 | NS      | $918470.34    | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| HOME DEPOT INC                               | HOME DEPOT INC                               | CUSIP: N/A<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |      3865 | NS      | $1220798.90   | 2.18%             |  |  |  | No            |                  1 | On Loan: No      |
| JOHNSON & JOHNSON                            | JOHNSON & JOHNSON                            | CUSIP: N/A<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |      6534 | NS      | $1154231.10   | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| KROGER CO                                    | KROGER CO                                    | CUSIP: N/A<br>LEI: 6CPEOKI6OYJ13Q6O7870 | Long             | EC               | CORP              | US        |     23600 | NS      | $1052088.00   | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| L3HARRIS TECHNOLOGIES INC                    | L3HARRIS TECHNOLOGIES INC                    | CUSIP: N/A<br>LEI: 549300UTE50ZMDBG8A20 | Long             | EC               | CORP              | US        |      5226 | NS      | $1088105.46   | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| LILLY ELI & CO                               | LILLY ELI & CO                               | CUSIP: N/A<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |      6196 | NS      | $2266744.64   | 4.05%             |  |  |  | No            |                  1 | On Loan: No      |
| LOCKHEED MARTIN CORP                         | LOCKHEED MARTIN CORP                         | CUSIP: N/A<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | EC               | CORP              | US        |      2702 | NS      | $1314495.98   | 2.35%             |  |  |  | No            |                  1 | On Loan: No      |
| LOWES COS INC                                | LOWES COS INC                                | CUSIP: N/A<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | EC               | CORP              | US        |      4894 | NS      | $975080.56    | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| MONDELEZ INTL INC                            | MONDELEZ INTL INC                            | CUSIP: N/A<br>LEI: 549300DV9GIB88LZ5P30 | Long             | EC               | CORP              | US        |     17901 | NS      | $1193101.65   | 2.13%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY                               | MORGAN STANLEY                               | CUSIP: N/A<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |     12689 | NS      | $1078818.78   | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| NATIONAL RETAIL PROPERTIES INC COM           | NATIONAL RETAIL PROPERTIES INC COM           | CUSIP: N/A<br>LEI: 5493008JKH5SOTI0JS97 | Long             | RE               | RF                | US        |     27212 | NS      | $1245221.12   | 2.22%             |  |  |  | No            |                  1 | On Loan: No      |
| NEXSTAR MEDIA GROUP INC                      | NEXSTAR MEDIA GROUP INC                      | CUSIP: N/A<br>LEI: 52990083ZRR5UT591988 | Long             | EC               | CORP              | US        |      6274 | NS      | $1098138.22   | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| NINTENDO LTD                                 | NINTENDO LTD                                 | CUSIP: N/A<br>LEI: 353800FEEXU6I9M0ZF27 | Long             | EC               | CORP              | JP        |    102128 | NS      | $1064173.76   | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| PEPSICO INC                                  | PEPSICO INC                                  | CUSIP: N/A<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |      8017 | NS      | $1448351.22   | 2.59%             |  |  |  | No            |                  1 | On Loan: No      |
| PFIZER INC                                   | PFIZER INC                                   | CUSIP: N/A<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |     21295 | NS      | $1091155.80   | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| PHILIP MORRIS INTL INC                       | PHILIP MORRIS INTL INC                       | CUSIP: N/A<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |     11389 | NS      | $1152680.69   | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| PIONEER NAT RES CO                           | PIONEER NAT RES CO                           | CUSIP: N/A<br>LEI: FY8JBF7CCL2VE4F1B628 | Long             | EC               | CORP              | US        |      4792 | NS      | $1094444.88   | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| PRICE T ROWE GROUP INC                       | PRICE T ROWE GROUP INC                       | CUSIP: N/A<br>LEI: 549300SIV6FPS9Y7IH33 | Long             | EC               | CORP              | US        |      6963 | NS      | $759384.78    | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| PROCTER AND GAMBLE CO                        | PROCTER AND GAMBLE CO                        | CUSIP: N/A<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |      7530 | NS      | $1141246.80   | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| PROGRESSIVE CORP                             | PROGRESSIVE CORP                             | CUSIP: N/A<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |     11400 | NS      | $1478694.00   | 2.64%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM INC                                 | QUALCOMM INC                                 | CUSIP: N/A<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |      8273 | NS      | $909533.62    | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| QUEST DIAGNOSTICS INC                        | QUEST DIAGNOSTICS INC                        | CUSIP: N/A<br>LEI: 8MCWUBXQ0WE04KMXBX50 | Long             | EC               | CORP              | US        |      7779 | NS      | $1216946.76   | 2.17%             |  |  |  | No            |                  1 | On Loan: No      |
| STURM RUGER & CO INC                         | STURM RUGER & CO INC                         | CUSIP: N/A<br>LEI: 529900DV1BWFJSHFO847 | Long             | EC               | CORP              | US        |     12419 | NS      | $628649.78    | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| TARGET CORP                                  | TARGET CORP                                  | CUSIP: N/A<br>LEI: 8WDDFXB5T1Z6J0XC1L66 | Long             | EC               | CORP              | US        |      5202 | NS      | $775306.08    | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| TEXAS INSTRS INC                             | TEXAS INSTRS INC                             | CUSIP: N/A<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |      6913 | NS      | $1142165.86   | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| TORONTO DOMINION BK ONT                      | TORONTO DOMINION BK ONT                      | CUSIP: N/A<br>LEI: PT3QB789TSUIDF371261 | Long             | EC               | CORP              | CA        |     16431 | NS      | $1064071.56   | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| TRACTOR SUPPLY CO                            | TRACTOR SUPPLY CO                            | CUSIP: N/A<br>LEI: 549300OJ9VZHZRO6I137 | Long             | EC               | CORP              | US        |      4917 | NS      | $1106177.49   | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITEDHEALTH GROUP INC                       | UNITEDHEALTH GROUP INC                       | CUSIP: N/A<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |      2341 | NS      | $1241151.38   | 2.22%             |  |  |  | No            |                  1 | On Loan: No      |
| WHIRLPOOL CORP                               | WHIRLPOOL CORP                               | CUSIP: N/A<br>LEI: WHENKOULSSK7WUM60H03 | Long             | EC               | CORP              | US        |      5606 | NS      | $793024.76    | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| WILLIAMS COS INC                             | WILLIAMS COS INC                             | CUSIP: N/A<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |     36485 | NS      | $1200356.50   | 2.14%             |  |  |  | No            |                  1 | On Loan: No      |
| WILLIAMS SONOMA INC                          | WILLIAMS SONOMA INC                          | CUSIP: N/A<br>LEI: 549300IARG6YWVTZ1I92 | Long             | EC               | CORP              | US        |      7794 | NS      | $895686.48    | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| LYONDELLBASELL INDUSTRIES N V SHS - A -      | LYONDELLBASELL INDUSTRIES N V SHS - A -      | CUSIP: N/A<br>LEI: BN6WCCZ8OVP3ITUUVN49 | Long             | EC               | CORP              | NL        |     10928 | NS      | $907351.84    | 1.62%             |  |  |  | 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