# EDGAR Filing Document

**Accession Number:** 0002013853
**File Stem:** 0001752724-25-211595
**Filing Date:** 2025-8
**Character Count:** 45098
**Document Hash:** 37b4c53685dca3fdabd3bd001e96174b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-211595.hdr.sgml**: 20250828

**ACCESSION NUMBER**: 0001752724-25-211595

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250828

**DATE AS OF CHANGE**: 20250828

**PERIOD START**: 20250930

**FILER**: 

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

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23945
- **FILM NUMBER:** 251272044

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

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

## Series and Classes Contracts Data

### NAA LARGE CORE FUND (Series ID: S000084967)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000249825 | Institutional Class | GILIX           |
| C000249826 | Class A             | SECEX           |
| C000249827 | Class C             | SFECX           |
| C000249828 | Class P             | SFEPX           |

## Nport-Ex

---

| |
|:---|
| **NAA LARGE CORE FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited)** |
| **June 30, 2025** |

---

---

| | | |
|:---|:---|:---|
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 97.2%** |  |
|  | **Communications - 10.0%** |  |
| 39977 | Alphabet, Inc., Class A | $7045147 |
| 9916 | Alphabet, Inc., Class C | 1758999 |
| 519 | Booking Holdings, Inc. | 3004616 |
| 9828 | Meta Platforms, Inc., Class A | 7253948 |
| 10856 | T-Mobile US, Inc. | 2586551 |
| 32857 | Uber Technologies, Inc.<sup>(a)</sup> | 3065558 |
|  |  | 24714819 |
|  | **Consumer Discretionary - 9.6%** |  |
| 43768 | Amazon.com, Inc.<sup>(a)</sup> | 9602261 |
| 27932 | Chipotle Mexican Grill, Inc.<sup>(a)</sup> | 1568382 |
| 6144 | DR Horton, Inc. | 792085 |
| 20778 | General Motors Company | 1022485 |
| 5170 | Hilton Worldwide Holdings, Inc. <sup>(a)</sup> | 1376978 |
| 5412 | Lennar Corporation, Class A | 598621 |
| 2653 | Lululemon Athletica, Inc.<sup>(a)</sup> | 630300 |
| 5024 | Marriott International, Inc., Class A | 1372607 |
| 18850 | O'Reilly Automotive, Inc.<sup>(a)</sup> | 1698950 |
| 4509 | PulteGroup, Inc. | 475519 |
| 14542 | Tesla, Inc.<sup>(a)</sup> | 4619412 |
|  |  | 23757600 |
|  | **Consumer Staples - 5.0%** |  |
| 39938 | Coca-Cola Company (The) | 2825613 |
| 28614 | Keurig Dr Pepper, Inc. | 945979 |
| 21273 | PepsiCo, Inc. | 2808887 |
| 17533 | Procter & Gamble Company (The) | 2793358 |
| 29168 | Walmart, Inc. | 2852047 |
|  |  | 12225884 |
|  | **Energy - 2.7%** |  |
| 21108 | Baker Hughes Company | 809281 |
| 3887 | Diamondback Energy, Inc. | 534074 |
| 24520 | Exxon Mobil Corporation | 2643256 |
| 2607 | First Solar, Inc.<sup>(a)</sup> | 431563 |
| 17821 | Halliburton Company | 363192 |
| 8228 | Phillips 66 | 981600 |

---

---

| |
|:---|
| **NAA LARGE CORE FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **June 30, 2025** |

---

---

| | | |
|:---|:---|:---|
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 97.2% (Continued)** |  |
|  | **Energy - 2.7% (Continued)** |  |
| 28624 | Schlumberger Ltd. | $967491 |
|  |  | 6730457 |
|  | **Financials - 10.2%** |  |
| 5641 | Allstate Corporation (The) | 1135590 |
| 9228 | American Express Company | 2943547 |
| 12250 | American International Group, Inc. | 1048478 |
| 5388 | Arthur J Gallagher & Company | 1724807 |
| 61425 | Bank of America Corporation | 2906631 |
| 8298 | Berkshire Hathaway, Inc., Class B<sup>(a)</sup> | 4030919 |
| 8027 | Chubb Ltd. | 2325582 |
| 34840 | Citigroup, Inc. | 2965581 |
| 6032 | Hartford Financial Services Group, Inc. (The) | 765280 |
| 12754 | JPMorgan Chase & Company | 3697512 |
| 8596 | PNC Financial Services Group, Inc. (The) | 1602466 |
|  |  | 25146393 |
|  | **Health Care - 9.2%** |  |
| 9430 | Amgen, Inc. | 2632950 |
| 4690 | Cardinal Health, Inc. | 787920 |
| 10635 | Centene Corporation<sup>(a)</sup> | 577268 |
| 4419 | Cooper Companies, Inc. (The)<sup>(a)</sup> | 314456 |
| 3540 | Eli Lilly & Company | 2759536 |
| 25249 | Gilead Sciences, Inc. | 2799358 |
| 1478 | Insulet Corporation<sup>(a)</sup> | 464358 |
| 34644 | Merck & Company, Inc. | 2742419 |
| 7297 | Stryker Corporation | 2886912 |
| 8986 | UnitedHealth Group, Inc. | 2803362 |
| 5492 | Vertex Pharmaceuticals, Inc.<sup>(a)</sup> | 2445038 |
| 10188 | Zoetis, Inc. | 1588819 |
|  |  | 22802396 |
|  | **Industrials - 8.2%** |  |
| 25432 | Amphenol Corporation, Class A | 2511410 |
| 7613 | Caterpillar, Inc. | 2955443 |
| 7348 | Cintas Corporation | 1637649 |
| 5259 | Deere & Company | 2674149 |

---

---

| |
|:---|
| **NAA LARGE CORE FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **June 30, 2025** |

---

---

| | | |
|:---|:---|:---|
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 97.2% (Continued)** |  |
|  | **Industrials - 8.2% (Continued)** |  |
| 15066 | Delta Air Lines, Inc. | $740946 |
| 25083 | Fastenal Company | 1053486 |
| 11698 | General Electric Company | 3010948 |
| 793 | Huntington Ingalls Industries, Inc. | 191478 |
| 2788 | Parker-Hannifin Corporation | 1947334 |
| 4308 | Republic Services, Inc. | 1062396 |
| 13344 | Southwest Airlines Company | 432879 |
| 1412 | United Rentals, Inc. <sup>(a)</sup> | 1063800 |
| 965 | WW Grainger, Inc. | 1003832 |
|  |  | 20285750 |
|  | **Materials - 2.2%** |  |
| 5544 | Ecolab, Inc. | 1493775 |
| 21320 | Newmont Corporation | 1242103 |
| 5326 | Sherwin-Williams Company (The) | 1828736 |
| 2881 | Vulcan Materials Company | 751422 |
|  |  | 5316036 |
|  | **Real Estate - 2.4%** |  |
| 9895 | American Tower Corporation, A | 2186993 |
| 6204 | CBRE Group, Inc., Class A<sup>(a)</sup> | 869304 |
| 6164 | Iron Mountain, Inc. | 632241 |
| 19096 | Realty Income Corporation | 1100121 |
| 6671 | Simon Property Group, Inc. | 1072430 |
|  |  | 5861089 |
|  | **Technology - 35.1%** |  |
| 66396 | Apple, Inc. | 13622467 |
| 3435 | Automatic Data Processing, Inc. | 1059354 |
| 20410 | Broadcom, Inc. | 5626017 |
| 41916 | Cisco Systems, Inc. | 2908132 |
| 4868 | Crowdstrike Holdings, Inc., Class A<sup>(a)</sup> | 2479321 |
| 522 | Fair Isaac Corporation<sup>(a)</sup> | 954195 |
| 12310 | Fiserv, Inc.<sup>(a)</sup> | 2122367 |
| 1729 | Gartner, Inc.<sup>(a)</sup> | 698896 |
| 3645 | Intuit, Inc. | 2870912 |
| 1529 | Jack Henry & Associates, Inc. | 275480 |

---

---

| |
|:---|
| **NAA LARGE CORE FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **June 30, 2025** |

---

---

| | | |
|:---|:---|:---|
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 97.2% (Continued)** |  |
|  | **Technology - 35.1% (Continued)** |  |
| 5156 | Mastercard, Inc., Class A | $2897363 |
| 20117 | Micron Technology, Inc. | 2479420 |
| 34252 | Microsoft Corporation | 17037288 |
| 112271 | NVIDIA Corporation | 17737695 |
| 13118 | Oracle Corporation | 2867988 |
| 13795 | Palo Alto Networks, Inc.<sup>(a)</sup> | 2823009 |
| 1131 | Paycom Software, Inc. <sup>(a)</sup> | 261713 |
| 22522 | PayPal Holdings, Inc.<sup>(a)</sup> | 1673835 |
| 5431 | S&P Global, Inc. | 2863712 |
| 10613 | Salesforce, Inc. | 2894060 |
| 942 | Tyler Technologies, Inc.<sup>(a)</sup> | 558455 |
|  |  | 86711679 |
|  | **Utilities - 2.6%** |  |
| 4145 | American Water Works Company, Inc. | 576611 |
| 6321 | Constellation Energy Corporation | 2040166 |
| 16751 | Duke Energy Corporation | 1976618 |
| 21715 | Exelon Corporation | 942865 |
| 11008 | FirstEnergy Corporation | 443182 |
| 15759 | PPL Corporation | 534073 |
|  |  | 6513515 |
|  | **TOTAL COMMON STOCKS (Cost $224,060,863)** | 240065618 |
|  | **EXCHANGE-TRADED FUNDS — 2.0%** |  |
|  | **Equity - 2.0%** |  |
| 3982 | iShares Core S&P 500 ETF | 2472423 |
| 3989 | SPDR S&P 500 ETF Trust ETF | 2464604 |
|  |  | 4937027 |

---

---

| |
|:---|
| **NAA LARGE CORE FUND** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **June 30, 2025** |

---

---

| | |
|:---|:---|
|  | **Fair Value** |
| **EXCHANGE-TRADED FUNDS — 2.0% (Continued)** |  |
| **Equity - 2.0% (Continued)** |  |
| **TOTAL EXCHANGE-TRADED FUNDS (Cost $4,726,160)** | $4937027 |
| **TOTAL INVESTMENTS - 99.2% (Cost $228,787,023)** | $245002645 |
| **OTHER ASSETS IN EXCESS OF LIABILITIES- 0.8%** | 1900327 |
| **NET ASSETS - 100.0%** | $246902972 |

---

<sup>(a)</sup> Non-income producing security.

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** Rye

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10580

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

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

- **a. Name of Series:** NAA LARGE CORE FUND

- **b. EDGAR series identifier (if any):** S000084967

- **c. LEI of Series:** 529900KFOQM2N5O9W958

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

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

- **b. Date as of which information is reported:** 2025-06-30

**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:** $247369379.48

**Total Liabilities:** $466407.09

**Net Assets:** $246902972.39

**Cash Not Reported:** $3403.97

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000249827 | -0.88%               | 6.28%                | 4.63%                |
| Class ID C000249826 | -0.92%               | 6.34%                | 4.70%                |
| Class ID C000249825 | -0.89%               | 6.41%                | 4.69%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-52000.01               | $-1990722.19                               |
| Month 2  | $62371.67                | $14269311.09                               |
| Month 3  | $1084871.73              | $9906101.66                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Centene Corp.                       | Centene Corporation                      | CUSIP: 15135B101<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | EC               | CORP              | US        |     10635 | NS      | $577267.80    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Pepsico Inc                         | PepsiCo, Inc.                            | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |     21273 | NS      | $2808886.92   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Lennar Corp.                        | Lennar Corporation Class A               | CUSIP: 526057104<br>LEI: 529900G61XVRLX5TJX09 | Long             | EC               | CORP              | US        |      5412 | NS      | $598621.32    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Ecolab Inc.                         | Ecolab, Inc.                             | CUSIP: 278865100<br>LEI: 82DYEISM090VG8LTLS26 | Long             | EC               | CORP              | US        |      5544 | NS      | $1493775.36   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Oracle Corp.                        | Oracle Corporation                       | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |     13118 | NS      | $2867988.34   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| The Cooper Companies, Inc.          | Cooper Companies, Inc. (The)             | CUSIP: 216648501<br>LEI: QJKMVPIGLH7530PCUE20 | Long             | EC               | CORP              | US        |      4419 | NS      | $314456.04    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuit Inc                          | Intuit, Inc.                             | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |      3645 | NS      | $2870911.35   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                 | BBH Overnight Sweep                      | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | CORP              | US        |   2102881 | PA      | $2102881.45   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Vulcan Materials Company            | Vulcan Materials Company                 | CUSIP: 929160109<br>LEI: 549300Q8LSNHAVWBNI21 | Long             | EC               | CORP              | US        |      2881 | NS      | $751422.42    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertex Pharmaceuticals Incorporated | Vertex Pharmaceuticals, Inc.             | CUSIP: 92532F100<br>LEI: 54930015RAQRRZ5ZGJ91 | Long             | EC               | CORP              | US        |      5492 | NS      | $2445038.40   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Insulet Corporation                 | Insulet Corporation                      | CUSIP: 45784P101<br>LEI: 549300TZTYD2PYN92D43 | Long             | EC               | CORP              | US        |      1478 | NS      | $464358.04    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Chipotle Mexican Grill Inc          | Chipotle Mexican Grill, Inc.             | CUSIP: 169656105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     27932 | NS      | $1568381.80   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp.                   | Exxon Mobil Corporation                  | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |     24520 | NS      | $2643256.00   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Iron Mountain Inc.                  | Iron Mountain, Inc.                      | CUSIP: 46284V101<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | EC               | CORP              | US        |      6164 | NS      | $632241.48    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Hilton Worldwide Holdings Inc       | Hilton Worldwide Holdings, Inc.          | CUSIP: 43300A203<br>LEI: 549300HVGPK36ICB0B89 | Long             | EC               | CORP              | US        |      5170 | NS      | $1376977.80   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Parker-Hannifin Corp.               | Parker-Hannifin Corporation              | CUSIP: 701094104<br>LEI: 5493002CONDB4N2HKI23 | Long             | EC               | CORP              | US        |      2788 | NS      | $1947334.36   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| CBRE Group Inc.                     | CBRE Group, Inc.                         | CUSIP: 12504L109<br>LEI: 52990016II9MJ2OSWA10 | Long             | EC               | CORP              | US        |      6204 | NS      | $869304.48    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| American Tower Corporation          | American Tower Corporation               | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | EC               | CORP              | US        |      9895 | NS      | $2186992.90   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Delta Air Lines Inc.                | Delta Air Lines, Inc.                    | CUSIP: 247361702<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | EC               | CORP              | US        |     15066 | NS      | $740945.88    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Uber Technologies Inc               | Uber Technologies, Inc.                  | CUSIP: 90353T100<br>LEI: 549300B2FTG34FILDR98 | Long             | EC               | CORP              | US        |     32857 | NS      | $3065558.10   | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Cardinal Health, Inc.               | Cardinal Health, Inc.                    | CUSIP: 14149Y108<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | EC               | CORP              | US        |      4690 | NS      | $787920.00    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| PNC Financial Services Group Inc.   | PNC Financial Services Group, Inc. (The) | CUSIP: 693475105<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | EC               | CORP              | US        |      8596 | NS      | $1602466.32   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| D.R. Horton, Inc.                   | D.R. Horton, Inc.                        | CUSIP: 23331A109<br>LEI: 529900ZIUEYVSB8QDD25 | Long             | EC               | CORP              | US        |      6144 | NS      | $792084.48    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Lululemon Athletica Inc.            | Lululemon Athletica, Inc.                | CUSIP: 550021109<br>LEI: 549300D9GZ4BMLDW5T40 | Long             | EC               | CORP              | US        |      2653 | NS      | $630299.74    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| GE Aerospace                        | General Electric Company                 | CUSIP: 369604301<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | EC               | CORP              | US        |     11698 | NS      | $3010948.22   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| The Procter & Gamble Co.            | Procter & Gamble Company (The)           | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |     17533 | NS      | $2793357.56   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Micron Technology Inc.              | Micron Technology, Inc.                  | CUSIP: 595112103<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | EC               | CORP              | US        |     20117 | NS      | $2479420.25   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| The Hartford Insurance Group Inc.   | Hartford Insurance Group, Inc. (The)     | CUSIP: 416515104<br>LEI: IU7C3FTM7Y3BQM112U94 | Long             | EC               | CORP              | US        |      6032 | NS      | $765279.84    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| T-Mobile US Inc                     | T-Mobile USA, Inc.                       | CUSIP: 872590104<br>LEI: 549300QHIJYOHPACPG31 | Long             | EC               | CORP              | US        |     10856 | NS      | $2586550.56   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp.                     | Microsoft Corporation                    | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     34252 | NS      | $17037287.32  | 6.90%             |  |  |  | No            |                  1 | On Loan: No      |
| S&P Global Inc                      | S&P Global, Inc.                         | CUSIP: 78409V104<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | EC               | CORP              | US        |      5431 | NS      | $2863711.99   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Grainger W W Inc                    | Grainger (W.W.), Inc.                    | CUSIP: 384802104<br>LEI: 549300TWZSP6O1IH2V34 | Long             | EC               | CORP              | US        |       965 | NS      | $1003831.60   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| American Water Works Company, Inc.  | American Water Works Company, Inc.       | CUSIP: 030420103<br>LEI: 549300DXHIJQMD5WFW18 | Long             | EC               | CORP              | US        |      4145 | NS      | $576610.95    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Halliburton Company                 | Halliburton Company                      | CUSIP: 406216101<br>LEI: ENYF8GB5SMQZ25S06U51 | Long             | EC               | CORP              | US        |     17821 | NS      | $363191.98    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc.                          | Apple, Inc.                              | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |     66396 | NS      | $13622467.32  | 5.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc                  | Meta Platforms, Inc. Class A             | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |      9828 | NS      | $7253948.52   | 2.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com, Inc.                    | Amazon.com, Inc.                         | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |     43768 | NS      | $9602261.52   | 3.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Diamondback Energy Inc              | Diamondback Energy, Inc.                 | CUSIP: 25278X109<br>LEI: 549300R22LSX6OHWEN64 | Long             | EC               | CORP              | US        |      3887 | NS      | $534073.80    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| United Rentals, Inc.                | United Rentals, Inc.                     | CUSIP: 911363109<br>LEI: 5323X5O7RN0NKFCDRY08 | Long             | EC               | CORP              | US        |      1412 | NS      | $1063800.80   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp.               | Bank of America Corporation              | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |     61425 | NS      | $2906631.00   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup Inc.                      | Citigroup, Inc.                          | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |     34840 | NS      | $2965580.80   | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Henry Jack & Associates Inc.        | Jack Henry & Associates, Inc.            | CUSIP: 426281101<br>LEI: 529900X1QS8C54W0JB21 | Long             | EC               | CORP              | US        |      1529 | NS      | $275479.93    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| O'Reilly Automotive Inc.            | O'Reilly Automotive, Inc.                | CUSIP: 67103H107<br>LEI: 549300K2RLMQL149Q332 | Long             | EC               | CORP              | US        |     18850 | NS      | $1698950.50   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| The Sherwin-Williams Company        | Sherwin-Williams Company (The)           | CUSIP: 824348106<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | EC               | CORP              | US        |      5326 | NS      | $1828735.36   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Keurig Dr Pepper Inc                | Keurig Dr Pepper Inc.                    | CUSIP: 49271V100<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | EC               | CORP              | US        |     28614 | NS      | $945978.84    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Baker Hughes Company                | Baker Hughes Company Class A             | CUSIP: 05722G100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     21108 | NS      | $809280.72    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Energy Corp.          | Constellation Energy Corporation         | CUSIP: 21037T109<br>LEI: 549300F8Y20RYGNGV346 | Long             | EC               | CORP              | US        |      6321 | NS      | $2040165.96   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                        | Broadcom, Inc.                           | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |     20410 | NS      | $5626016.50   | 2.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Stryker Corporation                 | Stryker Corporation                      | CUSIP: 863667101<br>LEI: 5493002F0SC4JTBU5137 | Long             | EC               | CORP              | US        |      7297 | NS      | $2886912.11   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Southwest Airlines Co.              | Southwest Airlines Company               | CUSIP: 844741108<br>LEI: UDTZ87G0STFETI6HGH41 | Long             | EC               | CORP              | US        |     13344 | NS      | $432879.36    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Republic Services, Inc.             | Republic Services, Inc.                  | CUSIP: 760759100<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | EC               | CORP              | US        |      4308 | NS      | $1062395.88   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Cisco Systems, Inc.                 | Cisco Systems, Inc.                      | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |     41916 | NS      | $2908132.08   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Exelon Corp.                        | Exelon Corporation                       | CUSIP: 30161N101<br>LEI: 3SOUA6IRML7435B56G12 | Long             | EC               | CORP              | US        |     21715 | NS      | $942865.30    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Simon Property Group Inc            | Simon Property Group, Inc. REIT          | CUSIP: 828806109<br>LEI: 529900GQL5X8H7AO3T64 | Long             | EC               | CORP              | US        |      6671 | NS      | $1072429.96   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co., Inc                    | Merck & Company, Inc.                    | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |     34644 | NS      | $2742419.04   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| MasterCard Incorporated             | Mastercard, Inc. Class A                 | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |      5156 | NS      | $2897362.64   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| UnitedHealth Group Inc.             | UnitedHealth Group, Inc.                 | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |      8986 | NS      | $2803362.42   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| The Allstate Corporation            | Allstate Corporation (The)               | CUSIP: 020002101<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | EC               | CORP              | US        |      5641 | NS      | $1135589.71   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Trust                       | iShares Core S&P 500 ETF                 | CUSIP: 464287200<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |      3982 | NS      | $2472423.80   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Spdr S&P 500 Etf Trust              | SPDR S&P 500 ETF Trust                   | CUSIP: 78462F103<br>LEI: 549300NZAMSJ8FXPQQ63 | Long             | EC               | RF                | US        |      3989 | NS      | $2464603.65   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Berkshire Hathaway Inc.             | Berkshire Hathaway, Inc. Class B         | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |      8298 | NS      | $4030919.46   | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Realty Income Corporation           | Realty Income Corporation REIT           | CUSIP: 756109104<br>LEI: 549300CUWDAUZSH43859 | Long             | EC               | CORP              | US        |     19096 | NS      | $1100120.56   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| American Express Company            | American Express Company                 | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Long             | EC               | CORP              | US        |      9228 | NS      | $2943547.44   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Salesforce Inc.                     | Salesforce, Inc.                         | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |     10613 | NS      | $2894058.97   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly & Co.                     | Eli Lilly & Company                      | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |      3540 | NS      | $2759536.20   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Schlumberger Limited                | Schlumberger Ltd.                        | CUSIP: 806857108<br>LEI: 213800ZUA17OK3QLGM62 | Long             | EC               | CORP              | US        |     28624 | NS      | $967491.20    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Tyler Technologies Inc.             | Tyler Technologies, Inc.                 | CUSIP: 902252105<br>LEI: 25490040SMU4Z8LBCW70 | Long             | EC               | CORP              | US        |       942 | NS      | $558455.28    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Fiserv Inc.                         | Fiserv, Inc.                             | CUSIP: 337738108<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | EC               | CORP              | US        |     12310 | NS      | $2122367.10   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Fair Isaac Corporation              | Fair Isaac Corporation                   | CUSIP: 303250104<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | EC               | CORP              | US        |       522 | NS      | $954195.12    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Huntington Ingalls Industries, Inc. | Huntington Ingalls Industries, Inc.      | CUSIP: 446413106<br>LEI: 5TZLZ6WJTBVJ0QWBG121 | Long             | EC               | CORP              | US        |       793 | NS      | $191477.78    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Palo Alto Networks Inc              | Palo Alto Networks, Inc.                 | CUSIP: 697435105<br>LEI: 549300QXR2YVZV231H43 | Long             | EC               | CORP              | US        |     13795 | NS      | $2823008.80   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Deere & Company                     | Deere & Company                          | CUSIP: 244199105<br>LEI: PWFTNG3EI0Y73OXWDH08 | Long             | EC               | CORP              | US        |      5259 | NS      | $2674148.91   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Gartner Inc.                        | Gartner, Inc.                            | CUSIP: 366651107<br>LEI: PP55B5R38BFB8O8HH686 | Long             | EC               | CORP              | US        |      1729 | NS      | $698896.38    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| American International Group Inc.   | American International Group, Inc.       | CUSIP: 026874784<br>LEI: ODVCVCQG2BP6VHV36M30 | Long             | EC               | CORP              | US        |     12250 | NS      | $1048477.50   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Walmart Inc                         | Walmart, Inc.                            | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |     29168 | NS      | $2852047.04   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Pulte Group Inc                     | PulteGroup, Inc.                         | CUSIP: 745867101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4509 | NS      | $475519.14    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Tesla Inc                           | Tesla, Inc.                              | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Long             | EC               | CORP              | US        |     14542 | NS      | $4619411.72   | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp.                        | NVIDIA Corporation                       | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |    112271 | NS      | $17737695.29  | 7.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Booking Holdings Inc                | Booking Holdings, Inc.                   | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |       519 | NS      | $3004615.56   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| PPL Corporation                     | PPL Corporation                          | CUSIP: 69351T106<br>LEI: 9N3UAJSNOUXFKQLF3V18 | Long             | EC               | CORP              | US        |     15759 | NS      | $534072.51    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| First Solar Inc                     | First Solar, Inc.                        | CUSIP: 336433107<br>LEI: 549300NPYMLM4NHTOF27 | Long             | EC               | CORP              | US        |      2607 | NS      | $431562.78    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Paypal Holdings Inc.                | PayPal Holdings, Inc.                    | CUSIP: 70450Y103<br>LEI: 5493005X2GO78EFZ3E94 | Long             | EC               | CORP              | US        |     22522 | NS      | $1673835.04   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Fastenal Co.                        | Fastenal Company                         | CUSIP: 311900104<br>LEI: 529900PP0C7H2HHPSJ32 | Long             | EC               | CORP              | US        |     25083 | NS      | $1053486.00   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Cintas Corporation                  | Cintas Corporation                       | CUSIP: 172908105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7348 | NS      | $1637648.76   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc.                       | Alphabet, Inc. Class C                   | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |      9916 | NS      | $1758999.24   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Chubb Ltd.                          | Chubb Ltd.                               | CUSIP: H1467J104<br>LEI: E0JAN6VLUDI1HITHT809 | Long             | EC               | CORP              | US        |      8027 | NS      | $2325582.44   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Newmont Corporation                 | Newmont Corporation                      | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |     21320 | NS      | $1242103.20   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Caterpillar Inc                     | Caterpillar, Inc.                        | CUSIP: 149123101<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | EC               | CORP              | US        |      7613 | NS      | $2955442.73   | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Crowdstrike Holdings Inc            | Crowdshare Holdings, Inc.                | CUSIP: 22788C105<br>LEI: 549300YBY08K9KM4HX32 | Long             | EC               | CORP              | US        |      4868 | NS      | $2479321.08   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co.                | JPMorgan Chase & Company                 | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |     12754 | NS      | $3697512.14   | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| FirstEnergy Corp.                   | FirstEnergy Corporation                  | CUSIP: 337932107<br>LEI: 549300SVYJS666PQJH88 | Long             | EC               | CORP              | US        |     11008 | NS      | $443182.08    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Amgen Inc.                          | Amgen, Inc.                              | CUSIP: 031162100<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | EC               | CORP              | US        |      9430 | NS      | $2632950.30   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Gilead Sciences Inc.                | Gilead Sciences, Inc.                    | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |     25249 | NS      | $2799356.63   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Co (The)                  | Coca-Cola Company (The)                  | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               | CORP              | US        |     39938 | NS      | $2825613.50   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Gallagher Aj &Co                    | Arthur J. Gallagher & Company            | CUSIP: 363576109<br>LEI: 54930049QLLMPART6V29 | Long             | EC               | CORP              | US        |      5388 | NS      | $1724806.56   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Phillips 66                         | Phillips 66                              | CUSIP: 718546104<br>LEI: 5493005JBO5YSIGK1814 | Long             | EC               | CORP              | US        |      8228 | NS      | $981600.40    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Zoetis Inc.                         | Zoetis, Inc.                             | CUSIP: 98978V103<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | EC               | CORP              | US        |     10188 | NS      | $1588818.60   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Paycom Software Inc                 | Paycom Software, Inc.                    | CUSIP: 70432V102<br>LEI: 254900LSB0HNJUDC6Q18 | Long             | EC               | CORP              | US        |      1131 | NS      | $261713.40    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Automatic Data Processing, Inc.     | Automatic Data Processing, Inc.          | CUSIP: 053015103<br>LEI: HGBOLILQXWER4SAL2I23 | Long             | EC               | CORP              | US        |      3435 | NS      | $1059354.00   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc.                       | Alphabet, Inc. Class A                   | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     39977 | NS      | $7045146.71   | 2.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Amphenol Corporation                | Amphenol Corporation Class A             | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Long             | EC               | CORP              | US        |     25432 | NS      | $2511410.00   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| General Motors Company              | General Motors Company                   | CUSIP: 37045V100<br>LEI: 54930070NSV60J38I987 | Long             | EC               | CORP              | US        |     20778 | NS      | $1022485.38   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Duke Energy Corp                    | Duke Energy Corporation                  | CUSIP: 26441C204<br>LEI: I1BZKREC126H0VB1BL91 | Long             | EC               | CORP              | US        |     16751 | NS      | $1976618.00   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Marriott International, Inc.        | Marriott International, Inc. Class A     | CUSIP: 571903202<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | EC               | CORP              | US        |      5024 | NS      | $1372607.04   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-27

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

**Signature:** Keith D. Kemp

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

**Title:** President