# EDGAR Filing Document

**Accession Number:** 0001592900
**File Stem:** 0001592900-25-001663
**Filing Date:** 2025-6
**Character Count:** 36233
**Document Hash:** 40171c9c12d8935222f213e7486a833a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001592900-25-001663.hdr.sgml**: 20250627

**ACCESSION NUMBER**: 0001592900-25-001663

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250627

**DATE AS OF CHANGE**: 20250627

**PERIOD START**: 20250731

**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:** 251084693

**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

### MarketDesk Focused U.S. Dividend ETF (Series ID: S000081525)

| Class ID   | Class Name                           | Ticker Symbol   |
|:---|:---|:---|
| C000244439 | MarketDesk Focused U.S. Dividend ETF | FDIV            |

## Nport-Ex

---

| |
|:---|
| **MARKETDESK FOCUSED U.S. DIVIDEND ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **April 30, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS - 99.8%** | **Shares** | **Value**  |
| **Aerospace & Defense - 1.0%** | |  |
| Lockheed Martin Corp.  | 1839 | $878582 |
| **Agricultural & Farm Machinery - 2.0%** |  |  |
| Toro Co.  | 25823 | 1763195 |
| **Air Freight & Logistics - 3.0%** |  |  |
| FedEx Corp.  | 4222 | 888013 |
| United Parcel Service, Inc. - Class B  | 18530 | 1765909 |
|  |  | 2653922 |
| **Asset Management & Custody Banks - 2.0%** |  |  |
| T Rowe Price Group, Inc.  | 20028 | 1773479 |
| **Automobile Manufacturers - 1.0%** |  |  |
| Thor Industries, Inc.  | 12138 | 879034 |
| **Automotive Parts & Equipment - 2.0%** |  |  |
| Gentex Corp.  | 40321 | 878192 |
| LCI Industries  | 11342 | 874241 |
|  |  | 1752433 |
| **Biotechnology - 1.0%** |  |  |
| Amgen, Inc.  | 3026 | 880324 |
| **Broadcasting - 1.0%** |  |  |
| Nexstar Media Group, Inc.  | 5876 | 879402 |
| **Building Products - 2.0%** |  |  |
| A.O. Smith Corp.  | 25888 | 1756760 |
| **Cable & Satellite - 2.0%** |  |  |
| Comcast Corp. - Class A  | 51753 | 1769953 |
| **Cargo Ground Transportation - 1.0%** |  |  |
| Knight-Swift Transportation Holdings, Inc.  | 22665 | 887788 |
| **Commercial & Residential Mortgage Finance - 1.0%** |  |  |
| Essent Group Ltd.  | 15401 | 876779 |

---

------

---

| |
|:---|
| **MARKETDESK FOCUSED U.S. DIVIDEND ETF** |
| **SCHEDULE OF INVESTMENTS (CONTINUED)** |
| **April 30, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS - 99.8% (CONTINUED)** | **Shares** | **Value**  |
| **Commodity Chemicals - 1.0%** | |  |
| Cabot Corp.  | 11223 | $881455 |
| **Computer & Electronics Retail - 2.0%** |  |  |
| Best Buy Co., Inc.  | 26528 | 1769152 |
| **Construction Machinery & Heavy Transportation Equipment - 2.0%** |  |  |
| Oshkosh Corp.  | 20824 | 1744218 |
| **Consumer Staples Merchandise Retail - 2.0%** |  |  |
| Target Corp.  | 18189 | 1758876 |
| **Distillers & Vintners - 3.0%** |  |  |
| Brown-Forman Corp. - Class B  | 50404 | 1756076 |
| Constellation Brands, Inc. - Class A  | 4671 | 875999 |
|  |  | 2632075 |
| **Distributors - 1.0%** |  |  |
| Genuine Parts Co.  | 7477 | 878921 |
| <br>**Diversified Financial Services - 2.0%** |  |  |
| Voya Financial, Inc.  | 29906 | 1770435 |
| **Electric Utilities - 2.0%** |  |  |
| NextEra Energy, Inc.  | 26404 | 1765900 |
| **Electrical Components & Equipment - 1.0%** |  |  |
| Rockwell Automation, Inc.  | 3572 | 884713 |
| **Fertilizers & Agricultural Chemicals - 1.0%** |  |  |
| CF Industries Holdings, Inc.  | 11226 | 879782 |
| **Food Distributors - 1.0%** |  |  |
| Sysco Corp.  | 12293 | 877720 |
| **Footwear - 2.0%** |  |  |
| NIKE, Inc. - Class B  | 31363 | 1768873 |
| **Home Improvement Retail - 1.0%** |  |  |
| Home Depot, Inc.  | 2450 | 883201 |

---

------

---

| |
|:---|
| **MARKETDESK FOCUSED U.S. DIVIDEND ETF** |
| **SCHEDULE OF INVESTMENTS (CONTINUED)** |
| **April 30, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS - 99.8% (CONTINUED)** | **Shares** | **Value**  |
| **Homebuilding - 2.0%** | |  |
| Lennar Corp. - Class A  | 16275 | $1767628 |
| **Household Products - 4.0%** |  |  |
| Clorox Co.  | 12330 | 1754559 |
| Kimberly-Clark Corp.  | 6653 | 876733 |
| Procter & Gamble Co.  | 5404 | 878528 |
|  |  | 3509820 |
| **Human Resource & Employment Services - 7.0%** |  |  |
| Automatic Data Processing, Inc.  | 5822 | 1750093 |
| Insperity, Inc.  | 27124 | 1763331 |
| Korn Ferry  | 14214 | 877004 |
| Robert Half, Inc.  | 39875 | 1766463 |
|  |  | 6156891 |
| **Industrial Machinery & Supplies & Components - 2.0%** |  |  |
| Illinois Tool Works, Inc.  | 3683 | 883589 |
| Snap-on, Inc.  | 2840 | 891220 |
|  |  | 1774809 |
| **Integrated Oil & Gas - 1.0%** |  |  |
| Chevron Corp.  | 6456 | 878403 |
| **IT Consulting & Other Services - 2.0%** |  |  |
| Accenture PLC - Class A  | 5888 | 1761395 |
| **Life & Health Insurance - 1.0%** |  |  |
| Principal Financial Group, Inc.  | 11887 | 881421 |
| **Managed Health Care - 2.0%** |  |  |
| UnitedHealth Group, Inc.  | 4266 | 1755203 |
| **Movies & Entertainment - 1.0%** |  |  |
| Warner Music Group Corp. - Class A  | 28851 | 878513 |
| **Oil & Gas Exploration & Production - 4.9%** |  |  |
| California Resources Corp.  | 25319 | 873759 |
| Chord Energy Corp.  | 9717 | 876765 |
| Civitas Resources, Inc.  | 31990 | 871727 |
| Matador Resources Co.  | 22213 | 878302 |
| Northern Oil & Gas, Inc.  | 36494 | 886804 |
|  |  | 4387357 |

---

------

---

| |
|:---|
| **MARKETDESK FOCUSED U.S. DIVIDEND ETF** |
| **SCHEDULE OF INVESTMENTS (CONTINUED)** |
| **April 30, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS - 99.8% (CONTINUED)** | **Shares** | **Value**  |
| <br>**Other Specialty Retail - 4.0%** | |  |
| Dick's Sporting Goods, Inc.  | 9430 | $1770388 |
| Tractor Supply Co.  | 34816 | 1762386 |
|  |  | 3532774 |
| **Packaged Foods & Meats - 7.9%** |  |  |
| Flowers Foods, Inc.  | 99320 | 1747039 |
| General Mills, Inc.  | 30766 | 1745663 |
| Hershey Co.  | 10485 | 1752987 |
| Lamb Weston Holdings, Inc.  | 33242 | 1755510 |
|  |  | 7001199 |
| **Paper & Plastic Packaging Products & Materials - 2.0%** |  |  |
| Avery Dennison Corp.  | 10257 | 1755075 |
| **Paper Products - 1.0%** |  |  |
| Sylvamo Corp.  | 14734 | 878441 |
| **Pharmaceuticals - 5.0%** |  |  |
| Bristol-Myers Squibb Co.  | 34924 | 1753185 |
| Johnson & Johnson  | 5618 | 878149 |
| Merck & Co., Inc.  | 20638 | 1758358 |
|  |  | 4389692 |
| **Property & Casualty Insurance - 2.0%** |  |  |
| American Financial Group, Inc.  | 13893 | 1759687 |
| **Rail Transportation - 2.0%** |  |  |
| CSX Corp.  | 62797 | 1762712 |
| **Semiconductors - 4.0%** |  |  |
| QUALCOMM, Inc.  | 5970 | 886306 |
| Skyworks Solutions, Inc.  | 13963 | 897542 |
| Texas Instruments, Inc.  | 11087 | 1774474 |
|  |  | 3558322 |
| **Soft Drinks & Non-alcoholic Beverages - 2.0%** |  |  |
| PepsiCo, Inc.  | 12904 | 1749524 |
| **Specialty Chemicals - 3.0%** |  |  |
| Eastman Chemical Co.  | 11445 | 881265 |

---

------

---

| |
|:---|
| **MARKETDESK FOCUSED U.S. DIVIDEND ETF** |
| **SCHEDULE OF INVESTMENTS (CONTINUED)** |
| **April 30, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS - 99.8% (CONTINUED)** | **Shares** | **Value**  |
| **Specialty Chemicals - 3.0% (Continued)** | | |
| PPG Industries, Inc.  | 16150 | $1758089 |
|  |  | 2639354 |
| **TOTAL COMMON STOCKS** (Cost $98,699,006) |  | 88025192 |
| **SHORT-TERM INVESTMENTS - 0.2%** |  |  |
| **Money Market Funds - 0.2%** |  |  |
| First American Government Obligations Fund - Class X, 4.25% <sup>(a)</sup> | 177295 | 177295 |
| **TOTAL SHORT-TERM INVESTMENTS** (Cost $177,295) |  | 177295 |
| **TOTAL INVESTMENTS - 100.0% (**Cost $98,876,301**)** |  | $88202487 |
| Other Assets in Excess of Liabilities - 0.0% <sup>(b)</sup> |  | 14334 |
| **TOTAL NET ASSETS - 100.0%** |  | $88216821 |

---

Percentages are stated as a percent of net assets.

PLC - Public Limited Company

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

(b) <br> Represents less than 0.05% of net assets.

The Global Industry Classification Standard (GICS®) was developed by and/or is the exclusive property of MSCI, Inc. and Standard & Poor's Financial Services LLC ("S&P"). GICS is a service mark of MSCI, Inc. and S&P and has been licensed for use by U.S. Bank Global Fund Services.

------

**MARKETDESK FOCUSED U.S. DIVIDEND ETF**

**Summary of Fair Value Disclosures as of April 30, 2025 (Unaudited)**

MarketDesk Focused U.S. Dividend ETF (the "Fund") has adopted authoritative fair value accounting standards which establish an authoritative 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 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 would be based on the best information available.

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **DESCRIPTION** | **LEVEL 1** | **LEVEL 2** | **LEVEL 3** | **TOTAL** |
| **<u>Assets</u>** | | | | |
| Common Stocks | $88025192 | $— | $— | $88025192 |
| Money Market Funds | 177295 |  |  | 177295 |
| **Total Investments** | $88202487 | $— | $— | $88202487 |

---

Refer to the Schedule of Investments for further disaggregation of investment categories.

During the fiscal period ended April 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:** 19 E Eagle Road

  - **City:** Havertown

  - **State:** PA

  - **Foreign country:** US

  - **Zip / Postal Code:** PA

  - **Telephone number:** 2158829983

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

- **a. Name of Series:** MarketDesk Focused U.S. Dividend ETF

- **b. EDGAR series identifier (if any):** S000081525

- **c. LEI of Series:** 52990051EP6ZB90QPC79

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

- **a. Date of fiscal year-end:** 2025-07-31

- **b. Date as of which information is reported:** 2025-04-30

**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:** $98766636.10

**Total Liabilities:** $5517823.02

**Net Assets:** $93248813.08

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000244439 | 0.72%                | -1.09%               | -6.18%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-2417926.80             | $2891129.16                                |
| Month 2  | $372114.82               | $-1969491.44                               |
| Month 3  | $-648983.61              | $-6417227.54                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Target Corp                                | Target Corp                                | CUSIP: 87612E106<br>LEI: 8WDDFXB5T1Z6J0XC1L66 | Long             | EC               | CORP              | US        |     18626 | NS      | $1801134.20   | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| NetApp Inc                                 | NetApp Inc                                 | CUSIP: 64110D104<br>LEI: QTX3D84DZDD5JYOCYH15 | Long             | EC               | CORP              | US        |     10910 | NS      | $979172.50    | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Dick's Sporting Goods Inc                  | Dick's Sporting Goods Inc                  | CUSIP: 253393102<br>LEI: 529900SSBV5I4LWSK313 | Long             | EC               | CORP              | US        |      9417 | NS      | $1767947.58   | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Nexstar Media Group Inc                    | Nexstar Media Group Inc                    | CUSIP: 65336K103<br>LEI: 52990083ZRR5UT591988 | Long             | EC               | CORP              | US        |      5546 | NS      | $830014.36    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Oil & Gas Inc                     | Northern Oil & Gas Inc                     | CUSIP: 665531307<br>LEI: OKFF0PIZDDMNH4UCYE51 | Long             | EC               | CORP              | US        |     32294 | NS      | $784744.20    | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| American Financial Group Inc/OH            | American Financial Group Inc/OH            | CUSIP: 025932104<br>LEI: 549300AFOM7IVKIU1G39 | Long             | EC               | CORP              | US        |     15661 | NS      | $1983622.26   | 2.13%             |  |  |  | No            |                  1 | On Loan: No      |
| LCI Industries                             | LCI Industries                             | CUSIP: 50189K103<br>LEI: 549300E1B98YNJ1WIQ04 | Long             | EC               | CORP              | US        |     10897 | NS      | $839940.76    | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| PepsiCo Inc                                | PepsiCo Inc                                | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |     13372 | NS      | $1812975.76   | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Mondelez International Inc                 | Mondelez International Inc                 | CUSIP: 609207105<br>LEI: 549300DV9GIB88LZ5P30 | Long             | EC               | CORP              | US        |     14921 | NS      | $1016567.73   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM Inc                               | QUALCOMM Inc                               | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |      6329 | NS      | $939603.34    | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Oshkosh Corp                               | Oshkosh Corp                               | CUSIP: 688239201<br>LEI: 549300FEKNPCFSA2B506 | Long             | EC               | CORP              | US        |     20502 | NS      | $1717247.52   | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Korn Ferry                                 | Korn Ferry                                 | CUSIP: 500643200<br>LEI: 549300FOD20OM0GT5G40 | Long             | EC               | CORP              | US        |     14687 | NS      | $906187.90    | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| NIKE Inc                                   | NIKE Inc                                   | CUSIP: 654106103<br>LEI: 787RXPR0UX0O0XUXPZ81 | Long             | EC               | CORP              | US        |     30008 | NS      | $1692451.20   | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Lockheed Martin Corp                       | Lockheed Martin Corp                       | CUSIP: 539830109<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | EC               | CORP              | US        |      4495 | NS      | $2147486.25   | 2.30%             |  |  |  | No            |                  1 | On Loan: No      |
| CF Industries Holdings Inc                 | CF Industries Holdings Inc                 | CUSIP: 125269100<br>LEI: 529900CG8YAQFZ2JMV97 | Long             | EC               | CORP              | US        |     12892 | NS      | $1010346.04   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Instruments Inc                      | Texas Instruments Inc                      | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |      5575 | NS      | $892278.75    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Toro Co/The                                | Toro Co/The                                | CUSIP: 891092108<br>LEI: YJKE4YIT6BWQHVEW0D14 | Long             | EC               | CORP              | US        |     26756 | NS      | $1826899.68   | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| California Resources Corp                  | California Resources Corp                  | CUSIP: 13057Q305<br>LEI: 5493003Q8F0T4F4YMR48 | Long             | EC               | CORP              | US        |     22611 | NS      | $780305.61    | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Fastenal Co                                | Fastenal Co                                | CUSIP: 311900104<br>LEI: 529900PP0C7H2HHPSJ32 | Long             | EC               | CORP              | US        |     12898 | NS      | $1044351.06   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Government Obligations Fund | First American Government Obligations Fund | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |    194014 | PA      | $194013.67    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Bunge Global SA                            | Bunge Global SA                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CH        |     13080 | NS      | $1029657.60   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Essent Group Ltd                           | Essent Group Ltd                           | CUSIP: N/A<br>LEI: 254900QUO860OUT6ZF83       | Long             | EC               | CORP              | BM        |     34166 | NS      | $1945070.38   | 2.09%             |  |  |  | No            |                  1 | On Loan: No      |
| LyondellBasell Industries NV               | LyondellBasell Industries NV               | CUSIP: N/A<br>LEI: BN6WCCZ8OVP3ITUUVN49       | Long             | EC               | CORP              | NL        |     14119 | NS      | $821866.99    | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Accenture PLC                              | Accenture PLC                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | IE        |      6419 | NS      | $1920243.85   | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Sylvamo Corp                               | Sylvamo Corp                               | CUSIP: 871332102<br>LEI: 5493001AOYU1ZOWOC971 | Long             | EC               | CORP              | US        |     15000 | NS      | $894300.00    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Chord Energy Corp                          | Chord Energy Corp                          | CUSIP: 674215207<br>LEI: 529900FA4V2YNIKZ0M71 | Long             | EC               | CORP              | US        |      8811 | NS      | $795016.53    | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Brands Inc                   | Constellation Brands Inc                   | CUSIP: 21036P108<br>LEI: 5493005GKEG8QCVY7037 | Long             | EC               | CORP              | US        |      5462 | NS      | $1024343.48   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Civitas Resources Inc                      | Civitas Resources Inc                      | CUSIP: 17888H103<br>LEI: IIVIHPH28S64K95M2381 | Long             | EC               | CORP              | US        |     28135 | NS      | $766678.75    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Lamb Weston Holdings Inc                   | Lamb Weston Holdings Inc                   | CUSIP: 513272104<br>LEI: 5493005SMYID1D2OY946 | Long             | EC               | CORP              | US        |     37308 | NS      | $1970235.48   | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |
| United Parcel Service Inc                  | United Parcel Service Inc                  | CUSIP: 911312106<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | EC               | CORP              | US        |     18018 | NS      | $1717115.40   | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Skyworks Solutions Inc                     | Skyworks Solutions Inc                     | CUSIP: 83088M102<br>LEI: 549300WZ3ORQ2BVKBD96 | Long             | EC               | CORP              | US        |     30057 | NS      | $1932063.96   | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corp                               | Chevron Corp                               | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5971 | NS      | $812414.26    | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Automatic Data Processing Inc              | Automatic Data Processing Inc              | CUSIP: 053015103<br>LEI: HGBOLILQXWER4SAL2I23 | Long             | EC               | CORP              | US        |      6584 | NS      | $1979150.40   | 2.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Matador Resources Co                       | Matador Resources Co                       | CUSIP: 576485205<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | EC               | CORP              | US        |     19216 | NS      | $759800.64    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Brown-Forman Corp                          | Brown-Forman Corp                          | CUSIP: 115637209<br>LEI: 549300873K3LXF7ARU34 | Long             | EC               | CORP              | US        |     58125 | NS      | $2025075.00   | 2.17%             |  |  |  | No            |                  1 | On Loan: No      |
| NextEra Energy Inc                         | NextEra Energy Inc                         | CUSIP: 65339F101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     14237 | NS      | $952170.56    | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| FedEx Corp                                 | FedEx Corp                                 | CUSIP: 31428X106<br>LEI: 549300E707U7WNPZN687 | Long             | EC               | CORP              | US        |      4099 | NS      | $862142.67    | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Insperity Inc                              | Insperity Inc                              | CUSIP: 45778Q107<br>LEI: 5299000Q0KW7HY5DB751 | Long             | EC               | CORP              | US        |     22184 | NS      | $1442181.84   | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| CSX Corp                                   | CSX Corp                                   | CUSIP: 126408103<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | EC               | CORP              | US        |     67232 | NS      | $1887202.24   | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Comcast Corp                               | Comcast Corp                               | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |     53632 | NS      | $1834214.40   | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Clorox Co/The                              | Clorox Co/The                              | CUSIP: 189054109<br>LEI: 54930044KVSC06Z79I06 | Long             | EC               | CORP              | US        |     13783 | NS      | $1961320.90   | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Colgate-Palmolive Co                       | Colgate-Palmolive Co                       | CUSIP: 194162103<br>LEI: YMEGZFW4SBUSS5BQXF88 | Long             | EC               | CORP              | US        |     10792 | NS      | $994914.48    | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Cabot Corp                                 | Cabot Corp                                 | CUSIP: 127055101<br>LEI: K05C0SER542GQ6VLRO68 | Long             | EC               | CORP              | US        |     23777 | NS      | $1867445.58   | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Thor Industries Inc                        | Thor Industries Inc                        | CUSIP: 885160101<br>LEI: 254900XZO1228PDSG060 | Long             | EC               | CORP              | US        |     12366 | NS      | $895545.72    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Voya Financial Inc                         | Voya Financial Inc                         | CUSIP: 929089100<br>LEI: 549300T065Z4KJ686G75 | Long             | EC               | CORP              | US        |     28782 | NS      | $1703894.40   | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Best Buy Co Inc                            | Best Buy Co Inc                            | CUSIP: 086516101<br>LEI: HL5XPTVRV0O8TUN5LL90 | Long             | EC               | CORP              | US        |     26612 | NS      | $1774754.28   | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Avery Dennison Corp                        | Avery Dennison Corp                        | CUSIP: 053611109<br>LEI: 549300PW7VPFCYKLIV37 | Long             | EC               | CORP              | US        |     11265 | NS      | $1927554.15   | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| A O Smith Corp                             | A O Smith Corp                             | CUSIP: 831865209<br>LEI: 549300XG4US7UJNECY36 | Long             | EC               | CORP              | US        |     29824 | NS      | $2023856.64   | 2.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Rockwell Automation Inc                    | Rockwell Automation Inc                    | CUSIP: 773903109<br>LEI: VH3R4HHBHH12O0EXZJ88 | Long             | EC               | CORP              | US        |      3719 | NS      | $921121.92    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Flowers Foods Inc                          | Flowers Foods Inc                          | CUSIP: 343498101<br>LEI: 7YNCQQNDK8FBM9BBTK25 | Long             | EC               | CORP              | US        |    106477 | NS      | $1872930.43   | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Abbott Laboratories                        | Abbott Laboratories                        | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |      7657 | NS      | $1001152.75   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| General Mills Inc                          | General Mills Inc                          | CUSIP: 370334104<br>LEI: 2TGYMUGI08PO8X8L6150 | Long             | EC               | CORP              | US        |     33468 | NS      | $1898974.32   | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| T Rowe Price Group Inc                     | T Rowe Price Group Inc                     | CUSIP: 74144T108<br>LEI: 549300SIV6FPS9Y7IH33 | Long             | EC               | CORP              | US        |     21176 | NS      | $1875134.80   | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Sysco Corp                                 | Sysco Corp                                 | CUSIP: 871829107<br>LEI: 5RGWIFLMGH3YS7KWI652 | Long             | EC               | CORP              | US        |     27061 | NS      | $1932155.40   | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Snap-on Inc                                | Snap-on Inc                                | CUSIP: 833034101<br>LEI: HHWAT5TDOYZMM26KKQ73 | Long             | EC               | CORP              | US        |      3011 | NS      | $944881.91    | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Robert Half Inc                            | Robert Half Inc                            | CUSIP: 770323103<br>LEI: 529900VPCUY9H3HLIC08 | Long             | EC               | CORP              | US        |     36401 | NS      | $1612564.30   | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| PPG Industries Inc                         | PPG Industries Inc                         | CUSIP: 693506107<br>LEI: 549300BKPEP01R3V6C59 | Long             | EC               | CORP              | US        |     18699 | NS      | $2035573.14   | 2.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co Inc                             | Merck & Co Inc                             | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |     22799 | NS      | $1942474.80   | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Lancaster Colony Corp                      | Lancaster Colony Corp                      | CUSIP: 513847103<br>LEI: 529900X4O13HED1ZAS58 | Long             | EC               | CORP              | US        |     11265 | NS      | $1833716.70   | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson                          | Johnson & Johnson                          | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |      6127 | NS      | $957711.37    | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Hershey Co/The                             | Hershey Co/The                             | CUSIP: 427866108<br>LEI: 21X2CX66SU2BR6QTAD08 | Long             | EC               | CORP              | US        |      5941 | NS      | $993275.79    | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Hormel Foods Corp                          | Hormel Foods Corp                          | CUSIP: 440452100<br>LEI: MSD54751OJP1FS2ND863 | Long             | EC               | CORP              | US        |     33144 | NS      | $991005.60    | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Home Depot Inc/The                         | Home Depot Inc/The                         | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |      5526 | NS      | $1992067.74   | 2.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Genuine Parts Co                           | Genuine Parts Co                           | CUSIP: 372460105<br>LEI: 549300D46DQVEU651W04 | Long             | EC               | CORP              | US        |     16669 | NS      | $1959440.95   | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Gentex Corp                                | Gentex Corp                                | CUSIP: 371901109<br>LEI: 549300S3UD8XV1MN0287 | Long             | EC               | CORP              | US        |     41230 | NS      | $897989.40    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Illinois Tool Works Inc                    | Illinois Tool Works Inc                    | CUSIP: 452308109<br>LEI: 76NA4I14SZCFAYMNSV04 | Long             | EC               | CORP              | US        |      3983 | NS      | $955561.53    | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| General Dynamics Corp                      | General Dynamics Corp                      | CUSIP: 369550108<br>LEI: 9C1X8XOOTYY2FNYTVH06 | Long             | EC               | CORP              | US        |      3746 | NS      | $1019361.52   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-04-30

**Name of Applicant:** EA Series Trust

**Signature:** /s/ Jessica Leighty

**Name of Signer:** Jessica Leighty

**Title:** Chief Compliance Officer