# EDGAR Filing Document

**Accession Number:** 0001592900
**File Stem:** 0001145549-23-006017
**Filing Date:** 2023-2
**Character Count:** 51420
**Document Hash:** 0db0c60d069b24194dd9b7412a0d7540
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-23-006017.hdr.sgml**: 20230210

**ACCESSION NUMBER**: 0001145549-23-006017

**CONFORMED SUBMISSION TYPE**: N-CEN

**PUBLIC DOCUMENT COUNT**: 3

**CONFORMED PERIOD OF REPORT**: 20221130

**FILED AS OF DATE**: 20230210

**DATE AS OF CHANGE**: 20230210

**EFFECTIVENESS DATE**: 20230210

**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:** N-CEN
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22961
- **FILM NUMBER:** 23610001

**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

### Alpha Architect U.S. Quantitative Value ETF (Series ID: S000046016)

| Class ID   | Class Name                                  | Ticker Symbol   |
|:---|:---|:---|
| C000143786 | Alpha Architect U.S. Quantitative Value ETF | QVAL            |

### Alpha Architect International Quantitative Value ETF (Series ID: S000046017)

| Class ID   | Class Name                                           | Ticker Symbol   |
|:---|:---|:---|
| C000143787 | Alpha Architect International Quantitative Value ETF | IVAL            |

### Alpha Architect U.S. Quantitative Momentum ETF (Series ID: S000046018)

| Class ID   | Class Name                                     | Ticker Symbol   |
|:---|:---|:---|
| C000143788 | Alpha Architect U.S. Quantitative Momentum ETF | QMOM            |

### Alpha Architect International Quantitative Momentum ETF (Series ID: S000046019)

| Class ID   | Class Name                                              | Ticker Symbol   |
|:---|:---|:---|
| C000143789 | Alpha Architect International Quantitative Momentum ETF | IMOM            |

### Alpha Architect Value Momentum Trend ETF (Series ID: S000057372)

| Class ID   | Class Name                               | Ticker Symbol   |
|:---|:---|:---|
| C000183146 | Alpha Architect Value Momentum Trend ETF | VMOT            |

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

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

### Merlyn.AI Bull-Rider Bear-Fighter ETF (Series ID: S000066452)

| Class ID   | Class Name                            | Ticker Symbol   |
|:---|:---|:---|
| C000214347 | Merlyn.AI Bull-Rider Bear-Fighter ETF | WIZ             |

### Merlyn.AI Tactical Growth and Income ETF (Series ID: S000066453)

| Class ID   | Class Name                               | Ticker Symbol   |
|:---|:---|:---|
| C000214348 | Merlyn.AI Tactical Growth and Income ETF | SNUG            |

### Gadsden Dynamic Multi-Asset ETF (Series ID: S000069668)

| Class ID   | Class Name                      | Ticker Symbol   |
|:---|:---|:---|
| C000222207 | Gadsden Dynamic Multi-Asset ETF | GDMA            |

### Merlyn.AI Best-of-Breed Core Momentum ETF (Series ID: S000069912)

| Class ID   | Class Name                                | Ticker Symbol   |
|:---|:---|:---|
| C000222722 | Merlyn.AI Best-of-Breed Core Momentum ETF | BOB             |

### Merlyn.AI SectorSurfer Momentum ETF (Series ID: S000069913)

| Class ID   | Class Name                          | Ticker Symbol   |
|:---|:---|:---|
| C000222723 | Merlyn.AI SectorSurfer Momentum ETF | DUDE            |

### UPHOLDINGS Compound Kings ETF (Series ID: S000070140)

| Class ID   | Class Name                    | Ticker Symbol   |
|:---|:---|:---|
| C000223074 | UPHOLDINGS Compound Kings ETF | KNGS            |

### Freedom Day Dividend ETF (Series ID: S000071574)

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

### Strategic Apartment & Residential Real Estate ETF (Series ID: S000071575)

| Class ID   | Class Name                                        | Ticker Symbol   |
|:---|:---|:---|
| C000226901 | Strategic Apartment & Residential Real Estate ETF |  |

### Strategic E-Commerce & Logistics Sector ETF (Series ID: S000071576)

| Class ID   | Class Name                                  | Ticker Symbol   |
|:---|:---|:---|
| C000226902 | Strategic E-Commerce & Logistics Sector ETF |  |

### Strategic Fintech & Digital Payments Sector ETF (Series ID: S000071577)

| Class ID   | Class Name                                      | Ticker Symbol   |
|:---|:---|:---|
| C000226903 | Strategic Fintech & Digital Payments Sector ETF |  |

### Strategic Healthcare & Life Science Technology ETF (Series ID: S000071578)

| Class ID   | Class Name                                         | Ticker Symbol   |
|:---|:---|:---|
| C000226904 | Strategic Healthcare & Life Science Technology ETF |  |

### Strategic Hotel & Lodging Sector ETF (Series ID: S000071579)

| Class ID   | Class Name                           | Ticker Symbol   |
|:---|:---|:---|
| C000226905 | Strategic Hotel & Lodging Sector ETF |  |

### Strategic Internet of Things Technology ETF (Series ID: S000071580)

| Class ID   | Class Name                                  | Ticker Symbol   |
|:---|:---|:---|
| C000226906 | Strategic Internet of Things Technology ETF |  |

### Strategic Streaming & Gaming Technology ETF (Series ID: S000071581)

| Class ID   | Class Name                                  | Ticker Symbol   |
|:---|:---|:---|
| C000226907 | Strategic Streaming & Gaming Technology ETF |  |

### Strategic Technology & E-Commerce Real Estate ETF (Series ID: S000071582)

| Class ID   | Class Name                                        | Ticker Symbol   |
|:---|:---|:---|
| C000226908 | Strategic Technology & E-Commerce Real Estate ETF |  |

### Turner Quant Advantage ETF (Series ID: S000072243)

| Class ID   | Class Name                 | Ticker Symbol   |
|:---|:---|:---|
| C000228158 | Turner Quant Advantage ETF |  |

### Sparkline Intangible Value ETF (Series ID: S000072323)

| Class ID   | Class Name                     | Ticker Symbol   |
|:---|:---|:---|
| C000228450 | Sparkline Intangible Value ETF | ITAN            |

### Viridi Bitcoin Miners ETF (Series ID: S000072385)

| Class ID   | Class Name                | Ticker Symbol   |
|:---|:---|:---|
| C000228568 | Viridi Bitcoin Miners ETF | RIGZ            |

### CG Hydrogen Age ETF (Series ID: S000072419)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000228627 | CG Hydrogen Age ETF |  |

### Discipline Fund ETF (Series ID: S000072739)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000229231 | Discipline Fund ETF | DSCF            |

### Guru Favorite Stocks ETF (Series ID: S000073969)

| Class ID   | Class Name               | Ticker Symbol   |
|:---|:---|:---|
| C000231252 | Guru Favorite Stocks ETF | GFGF            |

### The Gen Z ETF (Series ID: S000074694)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000232788 | The Gen Z ETF | ZGEN            |

### ARK 21Shares Bitcoin Futures Strategy ETF (Series ID: S000074855)

| Class ID   | Class Name                                | Ticker Symbol   |
|:---|:---|:---|
| C000233124 | ARK 21Shares Bitcoin Futures Strategy ETF |  |

### ROC ETF (Series ID: S000074895)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000233264 | ROC ETF      | ROCI            |

### Papi's Money ETF (Series ID: S000075377)

| Class ID   | Class Name       | Ticker Symbol   |
|:---|:---|:---|
| C000234356 | Papi's Money ETF |  |

### Relative Sentiment Tactical Allocation ETF (Series ID: S000075783)

| Class ID   | Class Name                                 | Ticker Symbol   |
|:---|:---|:---|
| C000235073 | Relative Sentiment Tactical Allocation ETF | MOOD            |

### Argent Mid Cap ETF (Series ID: S000076459)

| Class ID   | Class Name         | Ticker Symbol   |
|:---|:---|:---|
| C000236355 | Argent Mid Cap ETF | AMID            |

### AOT Growth and Innovation ETF (Series ID: S000076479)

| Class ID   | Class Name                    | Ticker Symbol   |
|:---|:---|:---|
| C000236406 | AOT Growth and Innovation ETF | AOTG            |

### Viridi ICE Global Carbon Futures Index ETF (Series ID: S000076569)

| Class ID   | Class Name                                 | Ticker Symbol   |
|:---|:---|:---|
| C000236550 | Viridi ICE Global Carbon Futures Index ETF |  |

### EA Bridgeway Blue Chip ETF (Series ID: S000077095)

| Class ID   | Class Name                 | Ticker Symbol   |
|:---|:---|:---|
| C000237259 | EA Bridgeway Blue Chip ETF | BBLU            |

### Strive 500 ETF (Series ID: S000077125)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000237295 | Strive 500 ETF | STRV            |

### Strive U.S. Energy ETF (Series ID: S000077126)

| Class ID   | Class Name             | Ticker Symbol   |
|:---|:---|:---|
| C000237296 | Strive U.S. Energy ETF | DRLL            |

### Strive U.S. Semiconductor ETF (Series ID: S000077127)

| Class ID   | Class Name                    | Ticker Symbol   |
|:---|:---|:---|
| C000237297 | Strive U.S. Semiconductor ETF | SHOC            |

### Strive Emerging Markets Ex-China ETF (Series ID: S000077313)

| Class ID   | Class Name                           | Ticker Symbol   |
|:---|:---|:---|
| C000237654 | Strive Emerging Markets Ex-China ETF | STXE            |

### Strive U.S. Technology ETF (Series ID: S000077314)

| Class ID   | Class Name                 | Ticker Symbol   |
|:---|:---|:---|
| C000237655 | Strive U.S. Technology ETF | STXT            |

### Alpha Architect 1-3 Month Box ETF (Series ID: S000077497)

| Class ID   | Class Name                        | Ticker Symbol   |
|:---|:---|:---|
| C000237974 | Alpha Architect 1-3 Month Box ETF | BOXX            |

### Altrius Global Dividend ETF (Series ID: S000077499)

| Class ID   | Class Name                  | Ticker Symbol   |
|:---|:---|:---|
| C000237976 | Altrius Global Dividend ETF | DIVD            |

### Burney U.S. Factor Rotation ETF (Series ID: S000077503)

| Class ID   | Class Name                      | Ticker Symbol   |
|:---|:---|:---|
| C000237980 | Burney U.S. Factor Rotation ETF | BRNY            |

### Alpha Architect High Inflation and Deflation ETF (Series ID: S000077708)

| Class ID   | Class Name                                       | Ticker Symbol   |
|:---|:---|:---|
| C000238196 | Alpha Architect High Inflation and Deflation ETF | HIDE            |

### Alpha Architect Tail Risk ETF (Series ID: S000077908)

| Class ID   | Class Name                    | Ticker Symbol   |
|:---|:---|:---|
| C000238588 | Alpha Architect Tail Risk ETF | CAOS            |

### Strive 1000 Growth ETF (Series ID: S000078017)

| Class ID   | Class Name             | Ticker Symbol   |
|:---|:---|:---|
| C000238755 | Strive 1000 Growth ETF | STXG            |

### Strive 1000 Value ETF (Series ID: S000078018)

| Class ID   | Class Name            | Ticker Symbol   |
|:---|:---|:---|
| C000238756 | Strive 1000 Value ETF | STXV            |

### Strive Small-Cap ETF (Series ID: S000078019)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000238757 | Strive Small-Cap ETF | STXK            |

### Strive 1000 Dividend Growth ETF (Series ID: S000078020)

| Class ID   | Class Name                      | Ticker Symbol   |
|:---|:---|:---|
| C000238758 | Strive 1000 Dividend Growth ETF | STXD            |

### EA Bridgeway Omni Small-Cap Value ETF (Series ID: S000078089)

| Class ID   | Class Name                            | Ticker Symbol   |
|:---|:---|:---|
| C000238839 | EA Bridgeway Omni Small-Cap Value ETF | BSVO            |

### Strive Short China VIE ETF (Series ID: S000079054)

| Class ID   | Class Name                 | Ticker Symbol   |
|:---|:---|:---|
| C000239889 | Strive Short China VIE ETF |  |

### Strive FAANG 2.0 ETF (Series ID: S000079383)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000240405 | Strive FAANG 2.0 ETF |  |

### Euclidean Fundamental Value ETF (Series ID: S000079847)

| Class ID   | Class Name                      | Ticker Symbol   |
|:---|:---|:---|
| C000241248 | Euclidean Fundamental Value ETF |  |

### Bridges Capital Tactical Equity ETF (Series ID: S000079940)

| Class ID   | Class Name                          | Ticker Symbol   |
|:---|:---|:---|
| C000241425 | Bridges Capital Tactical Equity ETF |  |

### MKAM ETF (Series ID: S000079961)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000241458 | MKAM ETF     |  |

### Strive Developed Markets ETF (Series ID: S000080100)

| Class ID   | Class Name                   | Ticker Symbol   |
|:---|:---|:---|
| C000241772 | Strive Developed Markets ETF |  |

### Morgan Dempsey Large Cap Value ETF (Series ID: S000080210)

| Class ID   | Class Name                         | Ticker Symbol   |
|:---|:---|:---|
| C000241955 | Morgan Dempsey Large Cap Value ETF |  |

## Internal

**REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM**

**** 

<br> To the Shareholders and

Board of Trustees of

EA Series Trust

#### Opinion on the Financial Statements

#### <br>
We have audited the accompanying statements of assets and liabilities, including the schedule of investments, of Guru Favorite Stocks ETF (the "Fund", a series of EA Series Trust, the "Trust") as of November 30, 2022, and the related statements of operations, changes in net assets, and financial highlights for the period from December 16, 2021 (commencement of operations) through November 30, 2022, and the related notes and schedules (collectively referred to as the financial statements). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Fund as of November 30, 2022, and the results of its operations, changes in net assets, and financial highlights for the period from December 16, 2021 (commencement of operations) through November 30, 2022, in conformity with accounting principles generally accepted in the United States of America.

#### Basis for Opinion

#### <br>
These financial statements and financial highlights are the responsibility of the Trust's management. Our responsibility is to express an opinion on the Trust's financial statements based on our audit. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Trust in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audit in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Trust is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audit, we are required to obtain an understanding of internal control over financial reporting, but not for the purpose of expressing an opinion on the effectiveness of the Trust's internal control over financial reporting. Accordingly, we express no such opinion.

Our audit included performing procedures to assess the risks of material misstatement of the financial statements and financial highlights, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements and financial highlights. Our procedures included confirmation of securities owned as of November 30, 2022, by correspondence with the custodian. Our audit also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements and financial highlights. We believe that our audit provides a reasonable basis for our opinion.

#### Critical Audit Matters

#### <br>
Critical audit matters are matters arising from the current period audit of the financial statements that were communicated or required to be communicated to the audit committee and that: (1) relate to accounts or disclosures that are material to the financial statements and (2) involved our especially challenging, subjective, or complex judgments. We determined that there are no critical audit matters.

We have served as the auditor of one or more of the investment companies within the EA Series Trust since 2016.

/s/ Spicer Jeffries LLP<br>

Denver, Colorado

January 27, 2023

## Internal

**REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM**

**** 

To the Shareholders and

Board of Trustees of

EA Series Trust

#### Opinion on the Financial Statements
We have audited the accompanying statements of assets and liabilities, including the schedule of investments, of The Generation Z ETF (the "Fund", a series of EA Series Trust, the "Trust") as of November 30, 2022, and the related statements of operations, changes in net assets, and financial highlights for the period from December 16, 2021 (commencement of operations) through November 30, 2022, and the related notes and schedules (collectively referred to as the financial statements). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Fund as of November 30, 2022, and the results of its operations, changes in net assets, and financial highlights, for the period from December 16, 2021 (commencement of operations) through November 30, 2022, in conformity with accounting principles generally accepted in the United States of America.

#### Basis for Opinion
These financial statements and financial highlights are the responsibility of the Trust's management. Our responsibility is to express an opinion on the Trust's financial statements based on our audit. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Trust in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audit in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Trust is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audit, we are required to obtain an understanding of internal control over financial reporting, but not for the purpose of expressing an opinion on the effectiveness of the Trust's internal control over financial reporting. Accordingly, we express no such opinion.<br>

Our audit included performing procedures to assess the risks of material misstatement of the financial statements and financial highlights, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements and financial highlights. Our procedures included confirmation of securities owned as of November 30, 2022, by correspondence with the custodian. Our audit also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements and financial highlights. We believe that our audit provides a reasonable basis for our opinion.

#### Critical Audit Matters

Critical audit matters are matters arising from the current period audit of the financial statements that were communicated or required to be communicated to the audit committee and that: (1) relate to accounts or disclosures that are material to the financial statements and (2) involved our especially challenging, subjective, or complex judgments. We determined that there are no critical audit matters.

We have served as the auditor of one or more of the investment companies within the EA Series Trust since 2016.

/s/ Spicer Jeffries LLP<br>

Denver, Colorado

January 27, 2023

# Form N-CEN: Annual Report for Registered Investment Companies

## N-CEN: Filer Information
**Submission Type:** N-CEN
**CIK:** 0001592900

## N-CEN: Series/Class (Contract) Information

### N-CEN: Part A: General Information

**Item A.1.a - Report for period ending:** 2022-11-30

**Item A.1.b - Does this report cover a period of less than 12 months?:** Yes

## N-CEN: Part B: Information About the Registrant

- **Item B.1.a - Full name of Registrant:** EA Series Trust

- **Item B.1.b - Investment Company Act file number:** 811-22961

- **Item B.1.c - CIK:** 0001592900

- **Item B.1.d - LEI:** 5493004OW9VWINAYRX18

- **Item B.2.a - Street 1:** 19 East Eagle Road

- **Item B.2.b - City:** Havertown

- **Item B.2.c - State:** PA

- **Item B.2.e - Zip Code:** 19083

- **Item B.2.f - Telephone:** 2158829983

- **Item B.2.g - Public Website:** https://altriusfunds.com/

### Item B.3 - Location of books and records

**Location books Record: 1**

- **a. Name of person (e.g., a custodian of records):** EA Series Trust

- **b. Street 1:** 19 East Eagle Road

- **c. City:** Havertown

- **d. State, if applicable:** PA

- **e. Foreign country, if applicable:** US

- **f. Zip code and zip code extension, or foreign postal code:** 19083

- **g. Telephone number:** 2158829983

- **h. Briefly describe the books and records kept at this location:** Records relating to its role as the fund complex

**Location books Record: 2**

- **a. Name of person (e.g., a custodian of records):** Empowered Funds, LLC

- **b. Street 1:** 19 East Eagle Road

- **c. City:** Havertown

- **d. State, if applicable:** PA

- **e. Foreign country, if applicable:** US

- **f. Zip code and zip code extension, or foreign postal code:** 19083

- **g. Telephone number:** 2158829983

- **h. Briefly describe the books and records kept at this location:** Records relating to its role as investment adviser

**Location books Record: 3**

- **a. Name of person (e.g., a custodian of records):** U.S. Bancorp Fund Services, LLC

- **b. Street 1:** 615 East Michigan Street

- **c. City:** Milwaukee

- **d. State, if applicable:** WI

- **e. Foreign country, if applicable:** US

- **f. Zip code and zip code extension, or foreign postal code:** 53202

- **g. Telephone number:** 8336121912

- **h. Briefly describe the books and records kept at this location:** Records relating to its role as administrator, fund accountant, transfer agent, and dividend disbursing agent

**Location books Record: 4**

- **a. Name of person (e.g., a custodian of records):** U.S. Bank National Association

- **b. Street 1:** 1555 North River Center Drive

- **Street 2:** Suite 302

- **c. City:** Milwaukee

- **d. State, if applicable:** WI

- **e. Foreign country, if applicable:** US

- **f. Zip code and zip code extension, or foreign postal code:** 53212

- **g. Telephone number:** 8336121912

- **h. Briefly describe the books and records kept at this location:** Records relating to its role as custodian

**Location books Record: 5**

- **a. Name of person (e.g., a custodian of records):** Quasar Distributors, LLC

- **b. Street 1:** 111 East Kilbourn Avenue

- **Street 2:** Suite 2200

- **c. City:** Milwaukee

- **d. State, if applicable:** WI

- **e. Foreign country, if applicable:** US

- **f. Zip code and zip code extension, or foreign postal code:** 53202

- **g. Telephone number:** 8336121912

- **h. Briefly describe the books and records kept at this location:** Records relating to its role as principal underwriter

**Location books Record: 6**

- **a. Name of person (e.g., a custodian of records):** Alkali Fintech, LLC

- **b. Street 1:** 4310 West Prien Lake Road

- **c. City:** Lake Charles

- **d. State, if applicable:** LA

- **e. Foreign country, if applicable:** US

- **f. Zip code and zip code extension, or foreign postal code:** 70605

- **g. Telephone number:** 2158829983

- **h. Briefly describe the books and records kept at this location:** Records relating to its role as principal Sub-Advisor

- **Item B.4.a - Is this the first filing by the Registrant?:** No

- **Item B.4.b - Is this the last filing by the Registrant?:** No

### Item B.6 - Organization

- [x] a. Open-end management investment company registered under the Act on Form N-1A

- [ ] b. Closed-end management investment company registered under the Act on Form N-2

- [ ] c. Separate account offering variable annuity contracts which is registered under the Act as a management investment company on Form N-3

- [ ] d. Separate account offering variable annuity contracts which is registered under the Act as a unit investment trust on Form N-4

- [ ] e. Small business investment company registered under the Act on Form N-5

- [ ] f. Separate account offering variable insurance contracts which is registered under the Act as a unit investment trust on Form N-6

- [ ] g. Unit investment trust registered under the Act on Form N-8B-2

- **Item B.6.i - Total number of Series:** 35

- **Item B.7 - Is the Registrant the issuer of a class of securities registered under the Securities Act?:** Yes

### Item B.8 - Directors

| Name                | Is Interested Person?   | Other Investment Company File Numbers   |
|:---|:---|:---|
| Michael S. Pagano   | No                      | N/A, N/A                                |
| Wesley R. Gray      | Yes                     | N/A, N/A                                |
| Chukwuemeka O. Oguh | No                      | N/A, N/A                                |
| Daniel Dorn         | No                      | N/A, N/A                                |

### Item B.9. Chief compliance officer.

**Chief compliance officer Record: 1**

- **a. Full Name:** Jessica D. Leighty

- **b. CRD Number, if any:** N/A

- **c. Street Address 1:** 19 East Eagle Road

- **d. City:** Havertown

- **e. State, if applicable:** PA

- **f. Foreign country, if applicable:** US

- **g. Zip code:** 19083

- **h. Telephone number:** XXXXXX

- **i. Has the chief compliance officer changed since the last filing?:** No

If the chief compliance officer is compensated or employed by any person other than the Registrant, provide:

**CCO employer Record: 1**

- **i. Name of the person:** —

- **ii. Person’s IRS Employer Identification Number:** —

### Item B.10. Matters for security holder vote.

- **Were any matters submitted by the Registrant for its security holders’ vote during the reporting period?** No

- **Item B.11.a - Have there been any material legal proceedings?:** No

- **Item B.11.b - Has any proceeding previously reported been terminated?:** No

- **Item B.12.a - Were any claims with respect to the Registrant filed under a fidelity bond?:** No

- **Item B.13.a - Are the Registrant's officers or directors covered under any insurance policy?:** Yes

- **Item B.13.a.i - If yes, were any claims filed under the policy during the reporting period?:** No

- **Item B.14 - Did an affiliated person provide any form of financial support to the Registrant?:** No

- **Item B.15.a.i - Release numbers:**
  - IC-32418
  - IC-32389
  - IC-33824
  - IC-30988
  - IC-31018
  - IC-33897
  - IC-34505
  - IC-34532

### Item B.16. Principal underwriters.

**Principal underwriter Record: 1**

- **i. Full name:** Quasar Distributors LLC

- **ii. SEC file number:** 8-52323

- **iii. CRD number:** 000103848

- **iv. LEI, if any:** N/A

- **v. State, if applicable:** WI

- **vi. Foreign country, if applicable:** US

- **vii. Is the principal underwriter an affiliated person...?:** No

- **b. Have any principal underwriters been hired or terminated during the reporting period?** No

### Item B.17. Independent public accountant.

**Public accountant Record: 1**

- **a. Full Name:** Spicer Jefferies LLP

- **b. PCAOB Number:** 00349

- **c. LEI, if any:** N/A

- **d. State, if applicable:** CO

- **e. Foreign country, if applicable:** US

- **f. Has the independent public accountant changed since the last filing?** No

- **Item B.18 - Did an independent public accountant's report on internal control note any material weaknesses?:** No

- **Item B.19 - Did an independent public accountant issue an opinion other than an unqualified opinion?:** No

- **Item B.20 - Have there been material changes in the method of valuation?:** No

- **Item B.21 - Have there been any changes in accounting principles or practices?:** No

- **Item B.22.a - Were any payments made to shareholders as a result of an error in calculating NAV?:** No

- **Item B.23 - Did the Registrant pay any dividend or make any distribution required to be accompanied by a written statement?:** No

## Part C: Additional Questions for Management Investment Companies

### Management Investment Record: 1 - The Generation Z ETF

**Item C.1. Background information.**

- **a. Full Name of the Fund:** The Generation Z ETF

- **b. Series identification number, if any:** S000074694

- **c. LEI:** 549300EPCDS4W40NFH59

- **d. Is this the first filing on this form by the Fund?:** Yes

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 1

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class   | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | The Generation Z ETF    | C000232788                                | ZGEN                         |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [x] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [ ] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** Yes

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

- **b. Did the Fund lend any of its securities during the reporting period?** Yes

  - **i. If yes, during the reporting period, did any borrower fail to return the loaned securities by the contractual deadline with the result that:**

    - **1. The Fund (or it securities lending agent) liquidated collateral pledged to secure the loaned securities?** No

    - **2. The Fund was otherwise adversely impacted?** No

**c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:**

**Securities Lending Record: 1**

- **i. Full name of securities lending agent:** U.S. Bank, N.A.

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. Is the securities lending agent an affiliated person...?** No

- **iv. Does the securities lending agent... indemnify the Fund against borrower default?** Yes

- **v. If the entity providing the indemnification is not the securities lending agent, provide the following information:**

  **Idemnity Providers Record: 1**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

- **vi. Did the Fund exercise its indemnification rights during the reporting period?** No

**d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:**

**Collateral Managers Record: 1**

- **i. Full name of cash collateral manager:** U.S. Bancorp Asset Management, Inc.

- **ii. LEI, if any:** 8KUMV9EIJ75IBFMLFD23

- **iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund??** Yes

- **iv. Is the cash collateral manager an affiliated person of the Fund?** No

**e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):**

- [x] Revenue sharing split

- [ ] Fee-based revenue split (other than administrative fee)

- [ ] Administrative fee

- [x] Cash collateral reinvestment fee

- [ ] Indemnification fee

- [ ] Other

- [ ] N/A

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** $61,035.00

- **g. Provide the net income from securities lending activities:** $9,243.00

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 12d1-1 (17 CFR 270.12d1-1)

- Rule 32a-4 (17 CFR 270.32a-4)

- Rule 6c-11 (17 CFR 270.6c-11)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** No

- **b. Were any expenses reduced or waived?** No

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** Empowered Funds, LLC d/b/a EA Advisers

- **ii. SEC file number:** 811-22961

- **iii. CRD number:** 000171412

- **iv. LEI, if any:** 5493004OW9VWINAYRX18

- **v. State, if applicable:** PA

- **vi. Foreign country, if applicable:** US

**Item C.9.b. Sub-advisers.**

**Sub-adviser Record: 1**

- **i. Full name:** Alkali Fintech, LLC

- **ii. SEC file number:** 801-122374

- **iii. CRD number:** 000316532

- **iv. LEI, if any:** N/A

- **v. Is the sub-adviser an affiliated person?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** U.S. Bancorp Fund Services, LLC

- **ii. SEC file number:** 85-11357

- **iii. LEI, if any:** N1GZ7BBF3NP8GI976H15

- **iv. State, if applicable:** WI

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** Yes

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** Intercontinental Exchange Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000F4ZO33MV32P92

- **iii. State, if applicable:** GA

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** Yes

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** U.S. Bank N.A.

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

- **b. Was a custodian hired or terminated during the reporting period?** Yes

**Item C.13 - Shareholder Servicing Agents**

No Shareholder Servicing Agents reported.

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** U.S. Bancorp Fund Services, LLC

- **ii. LEI, if any, or other identifying number:** N1GZ7BBF3NP8GI976H15

- **iii. State, if applicable:** WI

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the administrator a sub-administrator?:** No

- **b. Has a third-party administrator been hired or terminated during the reporting period?** Yes

**Item C.15 - Affiliated broker-dealers.**

No Affiliated Broker-Dealers reported.

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** MISCHLER FINANCIAL GROUP, INC.

- **ii. SEC file number:** 8-48067

- **iii. CRD number:** 000037818

- **iv. LEI, if any:** 2549004IPXPSM9EJFC92

- **v. State, if applicable:** CA

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $313.74

**Brokers Record: 2**

- **i. Full name of broker:** RBC CAPITAL MARKETS, LLC

- **ii. SEC file number:** 8-45411

- **iii. CRD number:** 000031194

- **iv. LEI, if any:** 549300LCO2FLSSVFFR64

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $397.79

**Aggregate Commission:** $711.53

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $0.00

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** No

- **Item C.19.a - Fund's monthly average net assets:** $2,653,646.97

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

### Management Investment Record: 2 - Guru Favorite Stocks ETF

**Item C.1. Background information.**

- **a. Full Name of the Fund:** Guru Favorite Stocks ETF

- **b. Series identification number, if any:** S000073969

- **c. LEI:** 549300Y9MY00NUNBLM86

- **d. Is this the first filing on this form by the Fund?:** Yes

**Item C.2. Classes of open-end management investment companies.**

- **a. How many Classes of shares of the Fund (if any) are authorized?:** 1

- **b. How many new Classes of shares of the Fund were added during the reporting period?:** 0

- **c. How many Classes of shares of the Fund were terminated during the reporting period?:** 0

**d. For each Class with shares outstanding, provide the information requested below:**

|   Shares Outstanding Record | i. Full name of Class    | ii. Class identification number, if any   | iii. Ticker symbol, if any   |
|---:|:---|:---|:---|
|                           1 | Guru Favorite Stocks ETF | C000231252                                | GFGF                         |

**Item C.3. Type of fund.**

- [ ] Exchange-Traded Fund or Exchange-Traded Managed Fund or offers a Class that itself is an Exchange-Traded Fund or Exchange-Traded Managed Fund

-   [x] i. Exchange-Traded Fund

-   [ ] ii. Exchange-Traded Managed Fund

- [ ] b. Index Fund

- [ ] c. Seeks to achieve performance results that are a multiple of a benchmark, the inverse of a benchmark, or a multiple of the inverse of a benchmark

- [ ] d. Interval Fund

- [ ] e. Fund of Funds

- [ ] f. Master-Feeder Fund

- [ ] g. Money Market Fund

- [ ] h. Target Date Fund

-   [ ] i. Underlying fund to a variable annuity or variable life insurance contract

- [ ] N/A

**Item C.4 - Does the Fund seek to operate as a 'non-diversified company'?** Yes

**Item C.5 - Does the fund invest in a controlled foreign corporation?** No

**Item C.6. Securities lending.**

- **a. Is the Fund authorized to engage in securities lending transactions?** Yes

- **b. Did the Fund lend any of its securities during the reporting period?** Yes

  - **i. If yes, during the reporting period, did any borrower fail to return the loaned securities by the contractual deadline with the result that:**

    - **1. The Fund (or it securities lending agent) liquidated collateral pledged to secure the loaned securities?** No

    - **2. The Fund was otherwise adversely impacted?** No

**c. Provide the information requested below about each securities lending agent, if any, retained by the Fund:**

**Securities Lending Record: 1**

- **i. Full name of securities lending agent:** U.S. Bank, N.A.

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. Is the securities lending agent an affiliated person...?** No

- **iv. Does the securities lending agent... indemnify the Fund against borrower default?** Yes

- **v. If the entity providing the indemnification is not the securities lending agent, provide the following information:**

  **Idemnity Providers Record: 1**

  - **1. Name of person providing indemnification:** —

  - **2. LEI, if any:** —

- **vi. Did the Fund exercise its indemnification rights during the reporting period?** No

**d. If a person providing cash collateral management services to the Fund in connection with the Fund's securities lending activities does not also serve as securities lending agent, provide the following information about each cash collateral manager:**

**Collateral Managers Record: 1**

- **i. Full name of cash collateral manager:** U.S. Bancorp Asset Management, Inc.

- **ii. LEI, if any:** 8KUMV9EIJ75IBFMLFD23

- **iii. Is the cash collateral manager an affiliated person, or an affiliated person of an affiliated person, of a securities lending agent retained by the Fund??** Yes

- **iv. Is the cash collateral manager an affiliated person of the Fund?** No

**e. Types of payments made to one or more securities lending agents and cash collateral managers (check all that apply):**

- [x] Revenue sharing split

- [ ] Fee-based revenue split (other than administrative fee)

- [ ] Administrative fee

- [x] Cash collateral reinvestment fee

- [ ] Indemnification fee

- [ ] Other

- [ ] N/A

- **f. Provide the monthly average of the value of portfolio securities on loan during the reporting period:** $0.00

- **g. Provide the net income from securities lending activities:** $0.00

**Item C.7. Reliance on certain statutory exemption and rules.**

Did the Fund rely on the following rules?

- Rule 12d1-1 (17 CFR 270.12d1-1)

- Rule 32a-4 (17 CFR 270.32a-4)

- Rule 6c-11 (17 CFR 270.6c-11)

**Item C.8. Expense limitations.**

- **a. Did the Fund have an expense limitation arrangement?** No

- **b. Were any expenses reduced or waived?** No

- **c. Are the fees waived subject to recoupment?** No

- **d. Were any expenses previously waived recouped during the period?** No

**Item C.9. Investment advisers.**

**Investment Advisers Record: 1**

- **i. Full name:** Empowered Funds, LLC d/b/a EA Advisers

- **ii. SEC file number:** 811-22961

- **iii. CRD number:** 000171412

- **iv. LEI, if any:** 5493004OW9VWINAYRX18

- **v. State, if applicable:** PA

- **vi. Foreign country, if applicable:** US

**Item C.9.b. Sub-advisers.**

**Sub-adviser Record: 1**

- **i. Full name:** GuruFocus Investments, LLC

- **ii. SEC file number:** 801-122727

- **iii. CRD number:** 000316414

- **iv. LEI, if any:** N/A

- **v. Is the sub-adviser an affiliated person?:** No

**Item C.10. Transfer agents.**

**Transfer Agents Record: 1**

- **i. Full name:** U.S. Bancorp Fund Services, LLC

- **ii. SEC file number:** 85-11357

- **iii. LEI, if any:** N1GZ7BBF3NP8GI976H15

- **iv. State, if applicable:** WI

- **v. Foreign country, if applicable:** US

- **vi. Is the transfer agent an affiliated person of the Fund or its investment adviser(s)?:** No

- **vii. Is the transfer agent a sub-transfer agent?:** No

- **b. Has a transfer agent been hired or terminated during the reporting period?** Yes

**Item C.11. Pricing services.**

**Pricing Services Record: 1**

- **i. Full name:** Intercontinental Exchange Inc.

- **ii. LEI, if any, or provide and describe other identifying number:** 5493000F4ZO33MV32P92

- **iii. State, if applicable:** GA

- **iv. Foreign country, if applicable:** US

- **v. Is the pricing service an affiliated person of the Fund or its investment adviser(s)?:** No

- **b. Was a pricing service hired or terminated during the reporting period?** Yes

**Item C.12. Custodians.**

**a. Provide the following information about each person that provided custodial services to the Fund during the reporting period:**

**Custodians Record: 1**

- **i. Full name:** U.S. Bank N.A.

- **ii. LEI, if any:** 6BYL5QZYBDK8S7L73M02

- **iii. State, if applicable:** OH

- **iv. Foreign country, if applicable:** US

- **v. Is the custodian an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the custodian a sub-custodian?:** No

- **vii. With respect to the custodian, check below to indicate the type of custody:** Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))

- **b. Was a custodian hired or terminated during the reporting period?** Yes

**Item C.13 - Shareholder Servicing Agents**

No Shareholder Servicing Agents reported.

**Item C.14. Administrators.**

**a. Provide the following information about each administrator of the Fund:**

**Administrators Record: 1**

- **i. Full name:** U.S. Bancorp Fund Services, LLC

- **ii. LEI, if any, or other identifying number:** N1GZ7BBF3NP8GI976H15

- **iii. State, if applicable:** WI

- **iv. Foreign country, if applicable:** US

- **v. Is the administrator an affiliated person of the Fund or its investment adviser(s)?:** No

- **vi. Is the administrator a sub-administrator?:** No

- **b. Has a third-party administrator been hired or terminated during the reporting period?** Yes

**Item C.15 - Affiliated broker-dealers.**

No Affiliated Broker-Dealers reported.

**Item C.16. Brokers.**

**a. For each of the ten brokers that received the largest dollar amount of brokerage commissions...**

**Brokers Record: 1**

- **i. Full name of broker:** MISCHLER FINANCIAL GROUP, INC.

- **ii. SEC file number:** 8-48067

- **iii. CRD number:** 000037818

- **iv. LEI, if any:** 2549004IPXPSM9EJFC92

- **v. State, if applicable:** CA

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $87.05

**Brokers Record: 2**

- **i. Full name of broker:** RBC CAPITAL MARKETS, LLC

- **ii. SEC file number:** 8-45411

- **iii. CRD number:** 000031194

- **iv. LEI, if any:** 549300LCO2FLSSVFFR64

- **v. State, if applicable:** NY

- **vi. Foreign country, if applicable:** US

- **vii. Gross commissions paid by the Fund for the reporting period:** $1,549.57

**Aggregate Commission:** $1,636.62

- **Item C.17.b - Aggregate value of principal purchase/sale transactions:** $0.00

- **Item C.18 - Did the Fund pay commissions for 'brokerage and research services'?:** No

- **Item C.19.a - Fund's monthly average net assets:** $30,430,847.91

**Item C.20. Lines of credit, interfund lending and interfund borrowing.**

- **b. Did the Fund engage in interfund lending?** No

- **c. Did the Fund engage in interfund borrowing?** No

**Item C.21. Swing pricing.**

- **a. Did the Fund (if not a Money Market Fund, Exchange-Traded Fund, or Exchange-Traded Managed Fund) engage in swing pricing?** No

## Part E: Additional Questions for ETFs and ETMFs

### The Generation Z ETF

**Item E.1 - Exchange**

- **Exchange:** XNAS

- **Ticker:** ZGEN

**Item E.2 - Authorized Participants**

| Name                                      | Purchase Value   | Redeem Value   |
|:---|:---|:---|
| GOLDMAN SACHS & CO. LLC                   | $2,978,813.00    | $968,386.00    |
| J.P. MORGAN SECURITIES LLC                | $2,396,781.00    | $878,948.00    |
| MERRILL LYNCH PROFESSIONAL CLEARING CORP. | $498,058.00      | $0.00          |

**Item E.3 - Creation Units**

- **a. Number of Fund shares required to form a creation unit:** 10,000.00

- **b.i. Average percentage of value composed of cash (purchased):** 1.43%

- **c.i. Average percentage of value composed of cash (redeemed):** 3.61%

- **Item E.5 - Is the Fund an 'In-Kind Exchange-Traded Fund'?** Yes

### Guru Favorite Stocks ETF

**Item E.1 - Exchange**

- **Exchange:** XNAS

- **Ticker:** GFGF

**Item E.2 - Authorized Participants**

| Name                                      | Purchase Value   | Redeem Value   |
|:---|:---|:---|
| GOLDMAN SACHS & CO. LLC                   | $250,000.00      | $0.00          |
| RBC CAPITAL MARKETS, LLC                  | $32,292,955.00   | $5,787,457.00  |
| VIRTU AMERICAS LLC                        | $6,047,514.00    | $0.00          |
| MERRILL LYNCH PROFESSIONAL CLEARING CORP. | $3,856,164.00    | $1,236,546.00  |

**Item E.3 - Creation Units**

- **a. Number of Fund shares required to form a creation unit:** 10,000.00

- **b.i. Average percentage of value composed of cash (purchased):** 1.07%

- **c.i. Average percentage of value composed of cash (redeemed):** 0.00%

- **Item E.5 - Is the Fund an 'In-Kind Exchange-Traded Fund'?** Yes

## N-CEN: Part G: Attachments

**Item G.1a. Attachments.**

Attachments applicable to all Registrants. All Registrants shall file the following attachments, as applicable, with the current report. Indicate the attachments filed with the current report by checking the applicable items below:

- [ ] i. Legal proceedings

- [ ] ii. Provision of financial support

- [x] iii. Independent public accountant's report on internal control (management investment companies other than small business investment companies only)

- [ ] iv. Change in accounting principles and practices

- [ ] v. Information required to be filed pursuant to exemptive orders

- [ ] vi. Other information required to be included as an attachment pursuant to Commission rules and regulations

## N-CEN: Signature

Pursuant to the requirements of the Investment Company Act of 1940, the Registrant has duly caused this report to a be signed on its behalf by the undersigned hereunto duly authorized.

**Registrant:** EA Series Trust

**Date:** 2023-02-10

**Signature:** /s/ Sean Hegarty

**Title:** Assissant Treasurer