# EDGAR Filing Document

**Accession Number:** 0001592900
**File Stem:** 0001592900-25-002484
**Filing Date:** 2025-8
**Character Count:** 28155
**Document Hash:** 5b74768140cb007eeac3d6b227f73cab
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001592900-25-002484.hdr.sgml**: 20250829

**ACCESSION NUMBER**: 0001592900-25-002484

**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:** 251280043

**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

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

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

## Nport-Ex

---

| |
|:---|
| **ALPHA ARCHITECT INTERNATIONAL QUANTITATIVE VALUE ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **June 30, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS - 96.9%** | **Shares** | **Value**  |
| **Australia - 6.0%** | |  |
| BHP Group Ltd.  | 125253 | $3029497 |
| Qantas Airways Ltd.  | 443543 | 3135199 |
| Woodside Energy Group Ltd.  | 212622 | 3306716 |
|  |  | 9471412 |
| **China - 2.1%** |  |  |
| Yangzijiang Shipbuilding Holdings Ltd.  | 1871889 | 3268261 |
| **Denmark - 1.9%** |  |  |
| AP Moller - Maersk AS - Class B  | 1665 | 3095382 |
| **France - 4.0%** |  |  |
| Eiffage SA  | 21870 | 3072099 |
| Engie SA  | 140380 | 3294820 |
|  |  | 6366919 |
| **Germany - 7.9%** |  |  |
| Continental AG  | 35297 | 3080946 |
| Deutsche Post AG  | 68581 | 3167588 |
| E.ON SE  | 174404 | 3209997 |
| TUI AG <sup>(a)</sup> | 359012 | 3137068 |
|  |  | 12595599 |
| **Italy - 4.1%** |  |  |
| Buzzi SpA  | 59686 | 3308663 |
| Enel SpA  | 332573 | 3155982 |
|  |  | 6464645 |
| **Japan - 45.3%**<sup>(b)</sup> |  |  |
| Aisin Corp.  | 247053 | 3168688 |
| ANA Holdings, Inc.  | 156262 | 3062737 |
| Asahi Kasei Corp.  | 441961 | 3151932 |
| Bridgestone Corp.  | 71855 | 2943957 |
| Daito Trust Construction Co. Ltd.  | 27091 | 2948866 |
| DeNA Co. Ltd.  | 162576 | 3016583 |
| Denso Corp.  | 226546 | 3068490 |
| Hitachi Construction Machinery Co. Ltd.  | 102254 | 3053312 |
| Japan Airlines Co. Ltd.  | 152631 | 3117698 |
| Komatsu Ltd.  | 101125 | 3326476 |
| Niterra Co. Ltd.  | 95335 | 3177723 |
| Otsuka Holdings Co. Ltd.  | 62530 | 3105115 |
| Persol Holdings Co. Ltd.  | 1607851 | 3143016 |

---

------

---

| |
|:---|
| **ALPHA ARCHITECT INTERNATIONAL QUANTITATIVE VALUE ETF** |
| **SCHEDULE OF INVESTMENTS (CONTINUED)** |
| **June 30, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS - 96.9% (CONTINUED)** | **Shares** | **Value**  |
| **Japan - 45.3%**<sup>(b)</sup> **(Continued)** | | |
| Seiko Epson Corp.  | 233561 | $3102685 |
| Sekisui Chemical Co. Ltd.  | 177267 | 3215315 |
| Shimamura Co. Ltd.  | 44825 | 3150092 |
| Shin-Etsu Chemical Co. Ltd.  | 96539 | 3199084 |
| Shionogi & Co. Ltd.  | 185404 | 3339731 |
| Subaru Corp.  | 164180 | 2867920 |
| Suntory Beverage & Food Ltd.  | 95903 | 3070121 |
| Suzuki Motor Corp.  | 240693 | 2913287 |
| Toyota Tsusho Corp.  | 146109 | 3316762 |
| Yokohama Rubber Co. Ltd.  | 123125 | 3396080 |
|  |  | 71855670 |
| **Luxembourg - 6.0%** |  |  |
| ArcelorMittal SA  | 100750 | 3188900 |
| Millicom International Cellular SA  | 82479 | 3090488 |
| Tenaris SA  | 172980 | 3255104 |
|  |  | 9534492 |
| **Norway - 2.0%** |  |  |
| Equinor ASA  | 127284 | 3221437 |
| **Sweden - 5.9%** |  |  |
| Boliden AB <sup>(a)</sup> | 97527 | 3042017 |
| SKF AB - Class B  | 141458 | 3246048 |
| Volvo AB - Class B  | 111385 | 3124605 |
|  |  | 9412670 |
| **United Kingdom - 11.7%** |  |  |
| Associated British Foods PLC  | 110303 | 3115955 |
| Centrica PLC  | 1452376 | 3220657 |
| easyJet PLC  | 393369 | 2873648 |
| Endeavour Mining PLC  | 94202 | 2904749 |
| Imperial Brands PLC  | 80098 | 3163152 |
| Shell PLC  | 92462 | 3240841 |
|  |  | 18519002 |
| **TOTAL COMMON STOCKS** (Cost $139,742,297) |  | 153805489 |
| **PREFERRED STOCKS - 1.9%** |  |  |
| **Germany - 1.9%** |  |  |
| Henkel AG & Co. KGaA, 0.00%  | 38283 | 3006072 |
| **TOTAL PREFERRED STOCKS** (Cost $2,950,372) |  | 3006072 |

---

------

---

| |
|:---|
| **ALPHA ARCHITECT INTERNATIONAL QUANTITATIVE VALUE ETF** |
| **SCHEDULE OF INVESTMENTS (CONTINUED)** |
| **June 30, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| **SHORT-TERM INVESTMENTS - 0.8%** | **Shares** | **Value**  |
| **Money Market Funds - 0.8%** | |  |
| First American Government Obligations Fund - Class X, 4.25% <sup>(c)</sup> | 1194842 | $1194842 |
| **TOTAL SHORT-TERM INVESTMENTS** (Cost $1,194,842) |  | 1194842 |
| **TOTAL INVESTMENTS - 99.6% (**Cost $143,887,511**)** |  | $158006403 |
| Other Assets in Excess of Liabilities - 0.4%  |  | 704814 |
| **TOTAL NET ASSETS - 100.0%** |  | $158711217 |

---

Percentages are stated as a percent of net assets.

ASA - Advanced Subscription Agreement <br> PLC - Public Limited Company

(a) <br> Non-income producing security.

(b) <br> To the extent that the Fund invests a significant portion of its assets in the securities of companies of a single country or region, it is more likely to be impacted by events or conditions affecting such country or region.

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

------

**ALPHA ARCHITECT ETFs**

**Summary of Fair Value Disclosure as of June 30, 2025 (Unaudited)**

Alpha Architect International Quantitative Value 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** |
| **<u>Investments:</u>** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | $153805489 | $— | $— | $153805489 |
| &nbsp;&nbsp;&nbsp;&nbsp;Preferred Stocks | 3006072 |  |  | 3006072 |
| &nbsp;&nbsp;&nbsp;&nbsp;Money Market Funds | 1194842 |  |  | 1194842 |
| Total Investments | $158006403 | $— | $— | $158006403 |

---

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

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:** Alpha Architect International Quantitative Value ETF

- **b. EDGAR series identifier (if any):** S000046017

- **c. LEI of Series:** 549300NK7SP3P7CSDP68

**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:** $160140255.77

**Total Liabilities:** $1428957.18

**Net Assets:** $158711298.59

**Cash Not Reported:** $544.89

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000143787 | 4.23%                | 4.87%                | 2.15%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-697742.57              | $6038068.19                                |
| Month 2  | $866141.61               | $4941985.86                                |
| Month 3  | $1832598.32              | $1359502.41                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Tenaris SA                                 | Tenaris SA                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | LU        |    172980 | NS      | $3255104.07   | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| IMPERIAL BRANDS PLC                        | IMPERIAL BRANDS PLC                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | GB        |     80098 | NS      | $3163151.95   | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Otsuka Holdings Co Ltd                     | Otsuka Holdings Co Ltd                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     62530 | NS      | $3105114.61   | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| BHP Group Ltd                              | BHP Group Ltd                              | CUSIP: N/A<br>LEI: WZE1WSENV6JSZFK0JC28       | Long             | EC               | CORP              | AU        |    125253 | NS      | $3029496.81   | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |
| easyJet PLC                                | easyJet PLC                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | GB        |    393369 | NS      | $2873647.69   | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Boliden AB                                 | Boliden AB                                 | CUSIP: N/A<br>LEI: 21380059QU7IM1ONDJ56       | Long             | EC               | CORP              | SE        |     97527 | NS      | $3042016.90   | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Persol Holdings Co Ltd                     | Persol Holdings Co Ltd                     | CUSIP: N/A<br>LEI: 3538000H6OI725NB2008       | Long             | EC               | CORP              | JP        |   1607851 | NS      | $3143016.26   | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| TUI AG                                     | TUI AG                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | DE        |    359012 | NS      | $3137067.86   | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| ArcelorMittal SA                           | ArcelorMittal SA                           | CUSIP: N/A<br>LEI: 2EULGUTUI56JI9SAL165       | Long             | EC               | CORP              | LU        |    100750 | NS      | $3188899.56   | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Buzzi SpA                                  | Buzzi SpA                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | IT        |     59686 | NS      | $3308662.86   | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Centrica PLC                               | Centrica PLC                               | CUSIP: N/A<br>LEI: E26EDV109X6EEPBKVH76       | Long             | EC               | CORP              | GB        |   1452376 | NS      | $3220657.54   | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Shimamura Co Ltd                           | Shimamura Co Ltd                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     44825 | NS      | $3150092.01   | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Yangzijiang Shipbuilding Holdings Ltd      | Yangzijiang Shipbuilding Holdings Ltd      | CUSIP: N/A<br>LEI: 254900Z3JEM14YIGLM66       | Long             | EC               | CORP              | SG        |   1871889 | NS      | $3268260.78   | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| DHL Group                                  | DHL Group                                  | CUSIP: N/A<br>LEI: 8ER8GIG7CSMVD8VUFE78       | Long             | EC               | CORP              | DE        |     68581 | NS      | $3167588.62   | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinor ASA                                | Equinor ASA                                | CUSIP: N/A<br>LEI: OW6OFBNCKXC4US5C7523       | Long             | EC               | CORP              | NO        |    127284 | NS      | $3221436.63   | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Seiko Epson Corp                           | Seiko Epson Corp                           | CUSIP: N/A<br>LEI: 549300NIOFQDR749W206       | Long             | EC               | CORP              | JP        |    233561 | NS      | $3102685.27   | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| DeNA Co Ltd                                | DeNA Co Ltd                                | CUSIP: N/A<br>LEI: 529900T9JQP7I5LDY154       | Long             | EC               | CORP              | JP        |    162576 | NS      | $3016583.26   | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Japan Airlines Co Ltd                      | Japan Airlines Co Ltd                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    152631 | NS      | $3117697.90   | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Suntory Beverage & Food Ltd                | Suntory Beverage & Food Ltd                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     95903 | NS      | $3070121.38   | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Endeavour Mining PLC                       | Endeavour Mining PLC                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | GB        |     94202 | NS      | $2904749.02   | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Shell PLC                                  | Shell PLC                                  | CUSIP: N/A<br>LEI: 21380068P1DRHMJ8KU70       | Long             | EC               | CORP              | GB        |     92462 | NS      | $3240840.57   | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Millicom International Cellular SA         | Millicom International Cellular SA         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | LU        |     82479 | NS      | $3090488.13   | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| HENKEL AG & CO KGAA                        | HENKEL AG & CO KGAA                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               | CORP              | DE        |     38283 | NS      | $3006072.09   | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Government Obligations Fund | First American Government Obligations Fund | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |   1168076 | PA      | $1168076.01   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| E.ON SE                                    | E.ON SE                                    | CUSIP: N/A<br>LEI: Q9MAIUP40P25UFBFG033       | Long             | EC               | CORP              | DE        |    174404 | NS      | $3209996.70   | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Volvo AB                                   | Volvo AB                                   | CUSIP: 928856301<br>LEI: N/A                  | Long             | EC               | CORP              | SE        |    111385 | NS      | $3124605.38   | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Daito Trust Construction Co Ltd            | Daito Trust Construction Co Ltd            | CUSIP: N/A<br>LEI: 353800QQ4DRI3KXS3038       | Long             | EC               | CORP              | JP        |     27091 | NS      | $2948865.84   | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Woodside Energy Group Ltd                  | Woodside Energy Group Ltd                  | CUSIP: N/A<br>LEI: 2549005ZC5RXAOO7FH41       | Long             | EC               | CORP              | AU        |    212622 | NS      | $3306716.33   | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Continental AG                             | Continental AG                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | DE        |     35297 | NS      | $3080946.25   | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Eiffage SA                                 | Eiffage SA                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | FR        |     21870 | NS      | $3072099.58   | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| SKF AB                                     | SKF AB                                     | CUSIP: N/A<br>LEI: 549300B6HWYEE57O8J84       | Long             | EC               | CORP              | SE        |    141458 | NS      | $3246047.61   | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Associated British Foods PLC               | Associated British Foods PLC               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | GB        |    110303 | NS      | $3115955.28   | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Yokohama Rubber Co Ltd/The                 | Yokohama Rubber Co Ltd/The                 | CUSIP: N/A<br>LEI: 52990036XNWY2FMYWB76       | Long             | EC               | CORP              | JP        |    123125 | NS      | $3396080.00   | 2.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Toyota Tsusho Corp                         | Toyota Tsusho Corp                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    146109 | NS      | $3316762.06   | 2.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Asahi Kasei Corp                           | Asahi Kasei Corp                           | CUSIP: N/A<br>LEI: 353800GPI4Z3MGDGN142       | Long             | EC               | CORP              | JP        |    441961 | NS      | $3151931.86   | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Shin-Etsu Chemical Co Ltd                  | Shin-Etsu Chemical Co Ltd                  | CUSIP: N/A<br>LEI: 353800PX8Q64N86H5W41       | Long             | EC               | CORP              | JP        |     96539 | NS      | $3199084.12   | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Sekisui Chemical Co Ltd                    | Sekisui Chemical Co Ltd                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    177267 | NS      | $3215314.77   | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Bridgestone Corp                           | Bridgestone Corp                           | CUSIP: N/A<br>LEI: 549300DHPOF90OYYD780       | Long             | EC               | CORP              | JP        |     71855 | NS      | $2943956.81   | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Hitachi Construction Machinery Co Ltd      | Hitachi Construction Machinery Co Ltd      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    102254 | NS      | $3053312.04   | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Aisin Corp                                 | Aisin Corp                                 | CUSIP: N/A<br>LEI: 3538004IOK08PDY6I723       | Long             | EC               | CORP              | JP        |    247053 | NS      | $3168687.83   | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| AP Moller - Maersk A/S                     | AP Moller - Maersk A/S                     | CUSIP: N/A<br>LEI: 549300D2K6PKKKXVNN73       | Long             | EC               | CORP              | DK        |      1665 | NS      | $3095381.88   | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Qantas Airways Ltd                         | Qantas Airways Ltd                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |    443543 | NS      | $3135198.41   | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Niterra Co Ltd                             | Niterra Co Ltd                             | CUSIP: N/A<br>LEI: 549300RG3XQGTFM4HH31       | Long             | EC               | CORP              | JP        |     95335 | NS      | $3177723.00   | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Enel SpA                                   | Enel SpA                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | IT        |    332573 | NS      | $3155982.34   | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Shionogi & Co Ltd                          | Shionogi & Co Ltd                          | CUSIP: N/A<br>LEI: 35380049VXDTHZI3DY35       | Long             | EC               | CORP              | JP        |    185404 | NS      | $3339731.09   | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Komatsu Ltd                                | Komatsu Ltd                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    101125 | NS      | $3326475.64   | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |
| ANA Holdings Inc                           | ANA Holdings Inc                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    156262 | NS      | $3062737.37   | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Subaru Corp                                | Subaru Corp                                | CUSIP: N/A<br>LEI: 549300N244BVAEE6HH86       | Long             | EC               | CORP              | JP        |    164180 | NS      | $2867919.79   | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Suzuki Motor Corp                          | Suzuki Motor Corp                          | CUSIP: N/A<br>LEI: 353800D83H0V3ZV1SV24       | Long             | EC               | CORP              | JP        |    240693 | NS      | $2913287.03   | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Denso Corp                                 | Denso Corp                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    226546 | NS      | $3068490.49   | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Engie SA                                   | Engie SA                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | FR        |    140380 | NS      | $3294819.95   | 2.08%             |  |  |  | No            |                  1 | 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