# EDGAR Filing Document

**Accession Number:** 0001592900
**File Stem:** 0001592900-25-002446
**Filing Date:** 2025-8
**Character Count:** 13627
**Document Hash:** fbc22b3a3a1efc4069388578588a1725
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001592900-25-002446.hdr.sgml**: 20250829

**ACCESSION NUMBER**: 0001592900-25-002446

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250829

**DATE AS OF CHANGE**: 20250829

**PERIOD START**: 20250930

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22961
- **FILM NUMBER:** 251279920

**BUSINESS ADDRESS:**
- **STREET 1:** 3803 WEST CHESTER PIKE, SUITE 150
- **CITY:** NEWTOWN SQUARE
- **STATE:** PA
- **ZIP:** 19073
- **BUSINESS PHONE:** 1.215.882.9983

**MAIL ADDRESS:**
- **STREET 1:** 3803 WEST CHESTER PIKE, SUITE 150
- **CITY:** NEWTOWN SQUARE
- **STATE:** PA
- **ZIP:** 19073

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Alpha Architect ETF Trust
- **DATE OF NAME CHANGE:** 20140428

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Empowered Funds ETF Trust
- **DATE OF NAME CHANGE:** 20131125

## Series and Classes Contracts Data

### ARK 21Shares Active Bitcoin Futures Strategy ETF (Series ID: S000082798)

| Class ID   | Class Name                                       | Ticker Symbol   |
|:---|:---|:---|
| C000246120 | ARK 21Shares Active Bitcoin Futures Strategy ETF | ARKA            |

## Nport-Ex

---

| |
|:---|
| **ARK 21SHARES ACTIVE BITCOIN FUTURES STRATEGY ETF** |
| **CONSOLIDATED SCHEDULE OF INVESTMENTS** |
| **June 30, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| **SHORT-TERM INVESTMENTS - 107.2%** | **Shares** | **Value**  |
| **Money Market Funds - 43.5%** | |  |
| First American Government Obligations Fund - Class X, 4.25% <sup>(a)(b)</sup> | 4358375 | $4358375 |
| **U.S. Treasury Bills - 63.7%** | **<u>Par</u>** |  |
| 4.18%, 07/31/2025 <sup>(c)(d)</sup> | $3129000 | 3118169 |
| 4.30%, 09/04/2025 <sup>(c)(d)</sup> | 3292000 | 3266753 |
|  |  | 6384922 |
| **TOTAL SHORT-TERM INVESTMENTS** (Cost $10,743,218) |  | 10743297 |
| **TOTAL INVESTMENTS - 107.2% (**Cost $10,743,218**)** |  | $10743297 |
| Money Market Deposit Account - 9.4% <sup>(e)</sup> |  | 940039 |
| Liabilities in Excess of Other Assets - (16.6)% <sup>(f)</sup> |  | (1665351) |
| **TOTAL NET ASSETS - 100.0%** |  | $10017985 |

---

Percentages are stated as a percent of net assets.

(a) <br> The rate shown represents the 7-day annualized effective yield as of June 30, 2025.

(b) <br> Fair value of this security exceeds 25% of the Fund's net assets. Additional information for this security, including the financial statements, is available from the SEC's EDGAR database at www.sec.gov.

(c) <br> The rate shown is the annualized effective yield as of June 30, 2025.

(d) <br> All or a portion of security has been pledged as collateral for reverse repurchase agreements. The fair value of assets committed as collateral as of June 30, 2025 is $4,275,373.

(e) <br> The U.S. Bank Money Market Deposit Account (the "MMDA") is a short-term vehicle in which the Fund holds cash balances. The MMDA will bear interest at a variable rate that is determined based on market conditions and is subject to change daily. The rate as of June 30, 2025 was 4.11%.

(f) <br> Includes cash of $2,238,362 that is pledged as collateral for derivative contracts.

---

| |
|:---|
| **CONSOLIDATED SCHEDULE OF FUTURES CONTRACTS** |
| **June 30, 2025 (Unaudited)** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | **Contracts Purchased** | **Settlement Date** | **Notional Amount** | **Value / Unrealized Appreciation (Depreciation)** |
| CME Micro Bitcoin Futures | 25 | 07/25/2025 | $270588 | $10411 |
| CME Bitcoin Futures | 18 | 07/25/2025 | 9741150 | 376514 |
| **Net Unrealized Appreciation (Depreciation)** |  |  |  | $386925 |

---

------

---

| |
|:---|
| **ARK 21SHARES ACTIVE BITCOIN FUTURES STRATEGY ETF** |
| **CONSOLIDATED SCHEDULE OF REVERSE REPURCHASE AGREEMENTS** |
| **June 30, 2025 (Unaudited)** |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Counterparty** | **Interest Rate** | **Trade Date** | **Maturity Date** | **Net Closing Amount** | **Face Value** |
| StoneX Financial, Inc. | 5.75% | 6/27/2025 | 07/31/2025 | $(2033799) | $(2032500) |
| StoneX Financial, Inc. | 5.75% | 6/27/2025 | 09/04/2025 | (2327361) | (2325875) |
|  |  |  |  | $(4361160) | $(4358375) |

---

A reverse repurchase agreement, although structured as a sale and repurchase obligation, acts as a financing transaction under which the Fund will effectively pledge certain assets as collateral to secure a short-term loan. Generally, the other party to the agreement makes the loan in an amount less than the fair value of the pledged collateral. At the maturity of the reverse repurchase agreement, the Fund will be required to repay the loan and interest and correspondingly receive back its collateral. While used as collateral, the pledged assets continue to pay principal and interest which are for the benefit of the Fund.

------

**ARK 21SHARES ETFs**

**Summary of Fair Value Disclosure as of June 30, 2024 (Unaudited)**

ARK 21 Shares Active Bitcoin Futures Strategy ETF (the "Fund") has adopted fair value accounting standards which establish a definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value, a discussion of changes in valuation techniques and related inputs during the period, and expanded disclosure of valuation levels for major security types. These inputs are summarized in the three broad levels listed below. The inputs or valuation methodology used for valuing securities are not an indication of the risk associated with investing in those securities.

Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access.

Level 2 - Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data.

Level 3 - Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Fund's own assumptions about the assumptions a market participant would use in valuing the asset or liability, and based on the best information available.

The following is a summary of the fair valuation hierarchy of the Fund's securities as of June 30, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **DESCRIPTION** | **LEVEL 1** | **LEVEL 2** | **LEVEL 3** | **TOTAL** |
| **Assets:** |  |  |  |  |
| <u>Investments:</u> |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Money Market Funds | $4358375 | $— | $— | $4358375 |
| &nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Bills |  | 6384922 |  | 6384922 |
| Total Investments | $4358375 | $6384922 | $— | $10743297 |
| <u>Other Financial Instruments:</u> |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Futures Contracts\* | $386925 | $— | $— | $386925 |
| Total Other Financial Instruments | $386925 | $— | $— | $386925 |
| **Liabilities:** |  |  |  |  |
| <u>Other Financial Instruments:</u> |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Reverse Repurchase Agreements | $— | $(4358375) | $— | $(4358375) |
| Total Other Financial Instruments | $— | $(4358375) | $— | $(4358375) |

---

\* The fair value of the Fund's investment represents the unrealized appreciation (depreciation) as of June 30, 2025. <br> Refer to the Consolidated Schedule of Investments for additional information.

During the fiscal period ended June 30, 2025, the Fund did not invest in any Level 3 investments and recognized no transfers to/from Level 3. Transfers between levels are recognized at the end of the reporting period.

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

  - **Street Address 1:** 3803 West Chester Pike

  - **City:** Newtown Square

  - **State:** PA

  - **Foreign country:** US

  - **Zip / Postal Code:** PA

  - **Telephone number:** 2158829983

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

- **a. Name of Series:** ARK 21Shares Active Bitcoin Futures Strategy ETF

- **b. EDGAR series identifier (if any):** S000082798

- **c. LEI of Series:** 529900W3ALS5WZQ99X81

**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:** $17025502.77

**Total Liabilities:** $4366849.71

**Net Assets:** $12658653.06

**Amount of Assets Invested in Other Investment Companies:** $2640662.13

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000246120 | 13.28%               | 10.50%               | 2.53%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $31368.00                | $922918.30                                 |
| Month 2  | $588234.72               | $325583.31                                 |
| Month 3  | $54577.14                | $174374.42                                 |

**Designated Index Information**

- **Index Name:** CME CF Bitcoin Reference Rate - New York Variant

- **Index Identifier:** BRRNY

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| CME Micro Bitcoin Jul25                    | CME Micro Bitcoin Jul25                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |        25 | NC      | $10410.75     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| CME Bitcoin Fut   Jul25                    | CME Bitcoin Fut   Jul25                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |        18 | NC      | $376514.64    | 2.97%             |  |  |  | No            |                  1 | On Loan: No      |
| U.S. Bank Money Market Deposit Account     | U.S. Bank Money Market Deposit Account     | CUSIP: 8AMMF0A92<br>LEI: N/A                  | Long             | STIV             | RF                | US        |    994039 | PA      | $994038.54    | 7.85%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Government Obligations Fund | First American Government Obligations Fund | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |   4358375 | PA      | $4358375.03   | 34.43%            |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Bill                | United States Treasury Bill                | CUSIP: 912797MH7<br>LEI: N/A                  | Long             | STIV             | UST               | US        |   3266674 | PA      | $3266753.32   | 25.81%            | 2025-09-04      | Fixed         |  | No            |                  2 | On Loan: No      |
| United States Treasury Bill                | United States Treasury Bill                | CUSIP: 912797PG6<br>LEI: N/A                  | Long             | STIV             | UST               | US        |   3118169 | PA      | $3118168.67   | 24.63%            | 2025-07-31      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| 912797PG6 FCSTONE RE 5.750%  7/31/25       | 912797PG6 FCSTONE RE 5.750%  7/31/25       | CUSIP: N/A<br>LEI: N/A                        | Short            | RA               | CORP              | US        |  -2032500 | NS      | $-2032500.00  | -16.06%           |  |  |  | No            |                  2 | On Loan: No      |
| 912797MH7 FCSTONE RE 5.750%  9/04/25       | 912797MH7 FCSTONE RE 5.750%  9/04/25       | CUSIP: N/A<br>LEI: N/A                        | Short            | RA               | CORP              | US        |  -2325875 | NS      | $-2325875.00  | -18.37%           |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-06-30

**Name of Applicant:** EA Series Trust

**Signature:** /s/ Sean Hegarty

**Name of Signer:** Sean Hegarty

**Title:** Treasurer