# EDGAR Filing Document

**Accession Number:** 0001592900
**File Stem:** 0001592900-26-001051
**Filing Date:** 2026-2
**Character Count:** 32868
**Document Hash:** 67771b2c5b0f40d427a0f7589f17df9a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001592900-26-001051.hdr.sgml**: 20260227

**ACCESSION NUMBER**: 0001592900-26-001051

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260227

**DATE AS OF CHANGE**: 20260227

**PERIOD START**: 20260930

**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:** 26696709

**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** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| **COMMON STOCKS - 97.5%**  | | |
| **Australia - 16.7%**  | | |
| BHP Group Ltd.  | 127561 | $3872476 |
| Fortescue Ltd.  | 248850 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3655212 |
| Greatland Resources Ltd. <sup>(a)</sup> | 619483 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4336703 |
| Qantas Airways Ltd.  | 539715 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3738666 |
| Ramelius Resources Ltd.  | 1471301 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4084602 |
| Santos Ltd.  | 831294 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3422903 |
| Whitehaven Coal Ltd.  | 734443 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3798522 |
| Woodside Energy Group Ltd.  | 213345 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3358654 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 30267738 |
| **China - 2.1%**  |  |  |
| Yangzijiang Shipbuilding Holdings Ltd.  | 1389989 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3763157 |
| **Denmark - 2.1%**  |  |  |
| AP Moller - Maersk AS - Class B  | 1677 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3862906 |
| **France - 4.0%**  |  |  |
| Air France-KLM <sup>(a)</sup> | 266788 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3625961 |
| Eiffage SA  | 24505 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3524905 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7150866 |
| **Germany - 6.0%**  |  |  |
| Aurubis AG  | 25530 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3726350 |
| Deutsche Telekom AG  | 108299 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3520367 |
| TUI AG <sup>(a)</sup> | 349586 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3690924 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10937641 |
| **Israel - 2.1%**  |  |  |
| ZIM Integrated Shipping Services Ltd.  | 175792 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3732064 |
| **Italy - 1.9%**  |  |  |
| Buzzi SpA  | 57040 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3485733 |
| **Japan - 43.1%** <sup>(b)</sup> |  |  |
| Aisin Corp.  | 189185 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3533933 |
| ANA Holdings, Inc.  | 187017 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3556714 |
| Central Japan Railway Co.  | 127099 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3519078 |
| Hitachi Construction Machinery Co. Ltd.  | 118101 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3490856 |
| Isuzu Motors Ltd.  | 230850 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3595241 |
| Japan Airlines Co. Ltd.  | 186646 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3461483 |
| Kobe Steel Ltd.  | 285234 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3771193 |
| Komatsu Ltd.  | 106887 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3411868 |

---

------

---

| |
|:---|
| **ALPHA ARCHITECT INTERNATIONAL QUANTITATIVE VALUE ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| Makita Corp.  | 122165 | $3694430 |
| NGK Insulators Ltd.  | 178062 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3809281 |
| Niterra Co. Ltd.  | 82569 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3632424 |
| Otsuka Holdings Co. Ltd.  | 62935 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3565004 |
| SCREEN Holdings Co. Ltd.  | 41557 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4043212 |
| Seibu Holdings, Inc.  | 112875 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3101468 |
| Sekisui Chemical Co. Ltd.  | 210710 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3544566 |
| Sekisui House Ltd.  | 160356 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3580984 |
| Shimamura Co. Ltd.  | 49880 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3254428 |
| Subaru Corp.  | 159013 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3446432 |
| Suntory Beverage & Food Ltd.  | 113468 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3424178 |
| Suzuki Motor Corp.  | 224928 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3352237 |
| Tosoh Corp.  | 235134 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3530613 |
| Toyoda Gosei Co. Ltd.  | 150512 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3788744 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 78108367 |
| **Luxembourg - 3.9%**  |  |  |
| Millicom International Cellular SA  | 67124 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3721355 |
| Tenaris SA  | 171653 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3330502 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7051857 |
| **Netherlands - 2.0%**  |  |  |
| Signify NV <sup>(c)</sup> | 149607 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3685144 |
| **Norway - 4.1%**  |  |  |
| Equinor ASA  | 151611 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3564664 |
| Norsk Hydro ASA  | 490564 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3805764 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7370428 |
| **Portugal - 1.6%**  |  |  |
| Galp Energia SGPS SA  | 170206 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2926378 |
| **Sweden - 2.0%**  |  |  |
| Telefonaktiebolaget LM Ericsson - Class B  | 364016 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3582235 |
| **United Kingdom - 5.9%**  |  |  |
| easyJet PLC  | 539202 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3711115 |
| Endeavour Mining PLC  | 70774 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3644535 |
| Imperial Brands PLC  | 81091 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3409261 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10764911 |
| **TOTAL COMMON STOCKS** (Cost $157,722,254) |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 176689425 |

---

------

---

| |
|:---|
| **ALPHA ARCHITECT INTERNATIONAL QUANTITATIVE VALUE ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **December 31, 2025 (Unaudited)** |

---

---

| | | | |
|:---|:---|:---|:---|
| | **Shares** |  | **Value**  |
| **PREFERRED STOCKS - 2.0%**  | | | |
| **Germany - 2.0%**  | | |  |
| Henkel AG & Co. KGaA, 0.00%  | 43394 |  | $3548341 |
| **TOTAL PREFERRED STOCKS** (Cost $3,359,933) |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3548341 |
| **SHORT-TERM INVESTMENTS** |  |  |  |
| **MONEY MARKET FUNDS - 0.2%**  |  |  |  |
| First American Government Obligations Fund - Class X, 3.67% <sup>(d)</sup> | 361669 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 361669 |
| **TOTAL MONEY MARKET FUNDS** (Cost $361,669) |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 361669 |
| **TOTAL INVESTMENTS - 99.7% (**Cost $161,443,856**)** |  |  | $180599435 |
| Other Assets in Excess of Liabilities - 0.3%  |  | 0.00292 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;528007 |
| **TOTAL NET ASSETS - 100.0%** |  |  | $181127442 |

---

Percentages are stated as a percent of net assets.

PLC - Public Limited Company

(a) Non-income producing security.

(b) 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) Security is exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may only be resold in transactions exempt from registration to qualified institutional investors. As of December 31, 2025, the value of these securities total $3,685,144 or 2.0% of the Fund's net assets.

(d) The rate shown represents the 7-day annualized yield as of December 31, 2025.

------

**ALPHA ARCHITECT ETFs**

**Summary of Fair Value Disclosure as of December 31, 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 December 31, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **DESCRIPTION** | **LEVEL 1** | **LEVEL 2** | **LEVEL 3** | **TOTAL** |
| **<u>Investments:</u>** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | $176689425 | $— | $— | $176689425 |
| &nbsp;&nbsp;&nbsp;&nbsp;Preferred Stocks | 3548341 |  |  | 3548341 |
| &nbsp;&nbsp;&nbsp;&nbsp;Money Market Funds | 361669 |  |  | 361669 |
| **Total Investments** | $180599435 | $— | $— | $180599435 |

---

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

During the fiscal period ended December 31, 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:** 19073

  - **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:** 2026-09-30

- **b. Date as of which information is reported:** 2025-12-31

**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:** $181194257.52

**Total Liabilities:** $66687.53

**Net Assets:** $181127569.99

**Cash Not Reported:** $8.46

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000143787 | 0.06%                | 2.09%                | 2.82%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-4723817.18             | $-2433406.30                               |
| Month 2  | $169274.79               | $3356690.08                                |
| Month 3  | $3506415.81              | $1471365.30                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Yangzijiang Shipbuilding Holdings Ltd      | Yangzijiang Shipbuilding Holdings Ltd      | CUSIP: N/A<br>LEI: 254900Z3JEM14YIGLM66       | Long             | EC               | CORP              | SG        |   1389989 | NS      | $3763156.78   | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Tenaris SA                                 | Tenaris SA                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | LU        |    171653 | NS      | $3330502.32   | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Air France-KLM                             | Air France-KLM                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | FR        |    266788 | NS      | $3625961.57   | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Central Japan Railway Co                   | Central Japan Railway Co                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    127099 | NS      | $3519077.90   | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortescue Ltd                              | Fortescue Ltd                              | CUSIP: N/A<br>LEI: 529900VEJFORCO6I4826       | Long             | EC               | CORP              | AU        |    248850 | NS      | $3655211.68   | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Seibu Holdings Inc                         | Seibu Holdings Inc                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    112875 | NS      | $3101468.34   | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Deutsche Telekom AG                        | Deutsche Telekom AG                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | DE        |    108299 | NS      | $3520366.59   | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| IMPERIAL BRANDS PLC                        | IMPERIAL BRANDS PLC                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | GB        |     81091 | NS      | $3409260.77   | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Galp Energia SGPS SA                       | Galp Energia SGPS SA                       | CUSIP: N/A<br>LEI: 2138003319Y7NM75FG53       | Long             | EC               | CORP              | PT        |    170206 | NS      | $2926378.25   | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Otsuka Holdings Co Ltd                     | Otsuka Holdings Co Ltd                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     62935 | NS      | $3565004.18   | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| BHP Group Ltd                              | BHP Group Ltd                              | CUSIP: N/A<br>LEI: WZE1WSENV6JSZFK0JC28       | Long             | EC               | CORP              | AU        |    127561 | NS      | $3872475.67   | 2.14%             |  |  |  | No            |                  1 | On Loan: No      |
| easyJet PLC                                | easyJet PLC                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | GB        |    539202 | NS      | $3711115.71   | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Norsk Hydro ASA                            | Norsk Hydro ASA                            | CUSIP: N/A<br>LEI: 549300N1SDN71ZZ8BO45       | Long             | EC               | CORP              | NO        |    490564 | NS      | $3805764.37   | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinor ASA                                | Equinor ASA                                | CUSIP: N/A<br>LEI: OW6OFBNCKXC4US5C7523       | Long             | EC               | CORP              | NO        |    151611 | NS      | $3564663.39   | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Ramelius Resources Ltd                     | Ramelius Resources Ltd                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |   1471301 | NS      | $4084601.63   | 2.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Whitehaven Coal Ltd                        | Whitehaven Coal Ltd                        | CUSIP: N/A<br>LEI: 529900WCZ4I6ZO3RRP86       | Long             | EC               | CORP              | AU        |    734443 | NS      | $3798521.98   | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Aurubis AG                                 | Aurubis AG                                 | CUSIP: N/A<br>LEI: 5299005SHIN9ZK7GW242       | Long             | EC               | CORP              | DE        |     25530 | NS      | $3726350.30   | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Japan Airlines Co Ltd                      | Japan Airlines Co Ltd                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    186646 | NS      | $3461482.57   | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Suntory Beverage & Food Ltd                | Suntory Beverage & Food Ltd                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    113468 | NS      | $3424177.96   | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Signify NV                                 | Signify NV                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | NL        |    149607 | NS      | $3685143.99   | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Endeavour Mining PLC                       | Endeavour Mining PLC                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | GB        |     70774 | NS      | $3644534.86   | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Greatland Resources Ltd                    | Greatland Resources Ltd                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |    619483 | NS      | $4336703.46   | 2.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Millicom International Cellular SA         | Millicom International Cellular SA         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | LU        |     67124 | NS      | $3721354.56   | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| ZIM Integrated Shipping Services Ltd       | ZIM Integrated Shipping Services Ltd       | CUSIP: N/A<br>LEI: 21380089EIJRELKAIL21       | Long             | EC               | CORP              | IL        |    175792 | NS      | $3732064.16   | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| HENKEL AG & CO KGAA                        | HENKEL AG & CO KGAA                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               | CORP              | DE        |     43394 | NS      | $3548341.23   | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Government Obligations Fund | First American Government Obligations Fund | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |    361669 | PA      | $361668.54    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Telefonaktiebolaget LM Ericsson            | Telefonaktiebolaget LM Ericsson            | CUSIP: N/A<br>LEI: 549300W9JLPW15XIFM52       | Long             | EC               | CORP              | SE        |    364016 | NS      | $3582235.33   | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| TUI AG                                     | TUI AG                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | DE        |    349586 | NS      | $3690923.50   | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Woodside Energy Group Ltd                  | Woodside Energy Group Ltd                  | CUSIP: N/A<br>LEI: 2549005ZC5RXAOO7FH41       | Long             | EC               | CORP              | AU        |    213345 | NS      | $3358653.92   | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Eiffage SA                                 | Eiffage SA                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | FR        |     24505 | NS      | $3524904.81   | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Tosoh Corp                                 | Tosoh Corp                                 | CUSIP: N/A<br>LEI: 529900YSLFVJF2MDBX02       | Long             | EC               | CORP              | JP        |    235134 | NS      | $3530612.67   | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Toyoda Gosei Co Ltd                        | Toyoda Gosei Co Ltd                        | CUSIP: N/A<br>LEI: 353800ZV4HXVM4DWPO50       | Long             | EC               | CORP              | JP        |    150512 | NS      | $3788743.72   | 2.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Sekisui House Ltd                          | Sekisui House Ltd                          | CUSIP: N/A<br>LEI: 529900GMNDOYQSAJAE76       | Long             | EC               | CORP              | JP        |    160356 | NS      | $3580983.71   | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Sekisui Chemical Co Ltd                    | Sekisui Chemical Co Ltd                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    210710 | NS      | $3544566.20   | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Kobe Steel Ltd                             | Kobe Steel Ltd                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    285234 | NS      | $3771192.63   | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Komatsu Ltd                                | Komatsu Ltd                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    106887 | NS      | $3411867.98   | 1.88%             |  |  |  | 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        |    118101 | NS      | $3490855.66   | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Suzuki Motor Corp                          | Suzuki Motor Corp                          | CUSIP: N/A<br>LEI: 353800D83H0V3ZV1SV24       | Long             | EC               | CORP              | JP        |    224928 | NS      | $3352237.08   | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Subaru Corp                                | Subaru Corp                                | CUSIP: N/A<br>LEI: 549300N244BVAEE6HH86       | Long             | EC               | CORP              | JP        |    159013 | NS      | $3446432.17   | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| NGK Insulators Ltd                         | NGK Insulators Ltd                         | CUSIP: N/A<br>LEI: 353800701BNCL25VYY16       | Long             | EC               | CORP              | JP        |    178062 | NS      | $3809280.91   | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |
| ANA Holdings Inc                           | ANA Holdings Inc                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    187017 | NS      | $3556713.76   | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Buzzi SpA                                  | Buzzi SpA                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | IT        |     57040 | NS      | $3485733.09   | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Santos Ltd                                 | Santos Ltd                                 | CUSIP: N/A<br>LEI: 5299000RK70B5O2M7077       | Long             | EC               | CORP              | AU        |    831294 | NS      | $3422903.50   | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Shimamura Co Ltd                           | Shimamura Co Ltd                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     49880 | NS      | $3254427.99   | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| SCREEN Holdings Co Ltd                     | SCREEN Holdings Co Ltd                     | CUSIP: N/A<br>LEI: 353800ND89FTQ9XQ0R07       | Long             | EC               | CORP              | JP        |     41557 | NS      | $4043211.70   | 2.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Aisin Corp                                 | Aisin Corp                                 | CUSIP: N/A<br>LEI: 3538004IOK08PDY6I723       | Long             | EC               | CORP              | JP        |    189185 | NS      | $3533933.29   | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Isuzu Motors Ltd                           | Isuzu Motors Ltd                           | CUSIP: N/A<br>LEI: 529900C0QSXVCC7AR494       | Long             | EC               | CORP              | JP        |    230850 | NS      | $3595241.16   | 1.98%             |  |  |  | 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        |      1677 | NS      | $3862906.23   | 2.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Makita Corp                                | Makita Corp                                | CUSIP: N/A<br>LEI: 529900CDR9E94BCM6294       | Long             | EC               | CORP              | JP        |    122165 | NS      | $3694430.57   | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Qantas Airways Ltd                         | Qantas Airways Ltd                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | AU        |    539715 | NS      | $3738666.16   | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Niterra Co Ltd                             | Niterra Co Ltd                             | CUSIP: N/A<br>LEI: 549300RG3XQGTFM4HH31       | Long             | EC               | CORP              | JP        |     82569 | NS      | $3632424.53   | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-12-31

**Name of Applicant:** EA Series Trust

**Signature:** /s/ Sean Hegarty

**Name of Signer:** Sean Hegarty

**Title:** Treasurer