# EDGAR Filing Document

**Accession Number:** 0001592900
**File Stem:** 0001592900-26-001889
**Filing Date:** 2026-4
**Character Count:** 29969
**Document Hash:** a336f7cbc7d9dee15cc0f73ec6fd7f13
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001592900-26-001889.hdr.sgml**: 20260429

**ACCESSION NUMBER**: 0001592900-26-001889

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260227

**FILED AS OF DATE**: 20260429

**DATE AS OF CHANGE**: 20260429

**PERIOD START**: 20261130

**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:** 26911996

**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

### Sarmaya Thematic ETF (Series ID: S000089845)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000256664 | Sarmaya Thematic ETF | LENS            |

## Nport-Ex

---

| |
|:---|
| **SARMAYA THEMATIC ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **February 28, 2026 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| **COMMON STOCKS - 73.0%**  | | |
| **<u>Energy</u> - 27.6%** <sup>(a)</sup> | |  |
| **Coal & Consumable Fuels - 0.9%**  |  |  |
| Cameco Corp.  | 3720 | $440448 |
| **Integrated Oil & Gas - 10.3%**  |  |  |
| Chevron Corp.  | 9036 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1687563 |
| Exxon Mobil Corp.  | 18244 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2782210 |
| Petroleo Brasileiro SA - Petrobras - ADR  | 44730 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 743860 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5213633 |
| **Oil & Gas Drilling - 2.5%**  |  |  |
| Transocean Ltd. <sup>(b)</sup> | 196703 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1274636 |
| **Oil & Gas Equipment & Services - 7.8%**  |  |  |
| Baker Hughes Co.  | 11479 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 749119 |
| Forum Energy Technologies, Inc. <sup>(b)</sup> | 21162 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1228031 |
| Halliburton Co.  | 14028 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 505008 |
| National Energy Services Reunited Corp. <sup>(b)</sup> | 18902 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 473495 |
| SLB Ltd.  | 19317 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 991735 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3947388 |
| **Oil & Gas Exploration & Production - 4.6%**  |  |  |
| Antero Resources Corp. <sup>(b)</sup> | 23767 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 874863 |
| BKV Corp. <sup>(b)</sup> | 13135 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 411520 |
| Range Resources Corp.  | 25724 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1061887 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2348270 |
| **Oil & Gas Storage & Transportation - 1.5%**  |  |  |
| Cheniere Energy, Inc.  | 3300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 777909 |
| **Total Energy** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14002284 |
| **<u>Industrials</u> - 1.5%**  |  |  |
| **Marine Transportation - 1.5%**  |  |  |
| Navios Maritime Partners LP  | 10803 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 779544 |
| **<u>Materials</u> - 43.9%** <sup>(a)</sup> |  |  |
| **Copper - 3.2%**  |  |  |
| Freeport-McMoRan, Inc.  | 9104 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 619800 |
| Southern Copper Corp.  | 4528 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 988526 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1608326 |
| **Diversified Metals & Mining - 5.0%**  |  |  |
| BHP Group Ltd. - ADR  | 10000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 815700 |
| Hudbay Minerals, Inc.  | 35632 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1009454 |
| Ivanhoe Electric, Inc. <sup>(b)</sup> | 28842 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 495794 |
| Northern Dynasty Minerals Ltd. <sup>(b)</sup> | 127205 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 197168 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2518116 |

---

------

---

| |
|:---|
| **SARMAYA THEMATIC ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **February 28, 2026 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Value**  |
| **Gold - 21.8%**  |  |  |
| Agnico Eagle Mines Ltd.  | 7133 | $1794663 |
| Barrick Mining Corp.  | 14614 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 741514 |
| Coeur Mining, Inc. <sup>(b)</sup> | 50010 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1357772 |
| Equinox Gold Corp. <sup>(b)</sup> | 44534 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 835458 |
| Gold Fields Ltd. - ADR  | 30800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1812272 |
| Kinross Gold Corp.  | 56547 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2091674 |
| New Gold, Inc. <sup>(b)</sup> | 21313 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 286020 |
| Newmont Corp.  | 5910 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 768300 |
| Novagold Resources, Inc. <sup>(b)</sup> | 53406 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 711368 |
| Skeena Resources Ltd. <sup>(b)</sup> | 17935 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 683682 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11082723 |
| **Precious Metals & Minerals - 5.2%**  |  |  |
| Impala Platinum Holdings Ltd. - ADR  | 58211 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1288791 |
| Sibanye Stillwater Ltd. - ADR <sup>(b)</sup> | 75339 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1334254 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2623045 |
| **Silver - 6.9%**  |  |  |
| Endeavour Silver Corp. <sup>(b)</sup> | 81727 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1136005 |
| First Majestic Silver Corp.  | 37565 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1202456 |
| Hecla Mining Co.  | 46784 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1165389 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3503850 |
| **Steel - 1.8%**  |  |  |
| Vale SA - ADR  | 54600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 938028 |
| **Total Materials** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 22274088 |
| **TOTAL COMMON STOCKS** (Cost $28,351,705) |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 37055916 |
| **EXCHANGE TRADED FUNDS - 19.8%** |  |  |
| Alpha Architect 1-3 Month Box ETF <sup>(b)(c)</sup> | 6354 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 735984 |
| iShares Gold Trust <sup>(b)</sup> | 25642 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2540353 |
| iShares Silver Trust <sup>(b)</sup> | 26619 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2262349 |
| SPDR Gold MiniShares Trust <sup>(b)</sup> | 43304 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4509678 |
| **TOTAL EXCHANGE TRADED FUNDS** (Cost $8,744,936) |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10048364 |
| **SHORT-TERM INVESTMENTS** |  |  |
| **MONEY MARKET FUNDS - 7.1%**  |  |  |
| First American Government Obligations Fund - Class X, 3.60% <sup>(d)</sup> | 3596477 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3596477 |
| **TOTAL MONEY MARKET FUNDS** (Cost $3,596,477) |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3596477 |
| **TOTAL INVESTMENTS - 99.9% (**Cost $40,693,118**)** |  | $50700757 |
| Other Assets in Excess of Liabilities - 0.1%  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44251 |
| **TOTAL NET ASSETS - 100.0%** |  | $50745008 |

---

Percentages are stated as a percent of net assets.

------

---

| |
|:---|
| **SARMAYA THEMATIC ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **February 28, 2026 (Unaudited)** |

---

ADR - American Depositary Receipt <br> LP - Limited Partnership

(a) To the extent that the Fund invests more heavily in a particular industry or sector of the economy, its performance will be especially sensitive to developments that significantly affect those industries or sectors.

(b) Non-income producing security.

(c) Affiliated security as defined by the Investment Company Act of 1940.

(d) The rate shown represents the 7-day annualized yield as of February 28, 2026.

The Global Industry Classification Standard ("GICS<sup>®</sup>") 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.

------

**SARMAYA THEMATIC ETF**

**Summary of Fair Value Disclosure as of February 28, 2026 (Unaudited)**

Sarmaya Thematic 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 February 28, 2026:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **DESCRIPTION** | **LEVEL 1** | **LEVEL 2** | **LEVEL 3** | **TOTAL** |
| **<u>Investments</u>** | | | | |
| Common Stocks | $37055916 | $— | $— | $37055916 |
| Exchange Traded Funds | 10048364 |  |  | 10048364 |
| Money Market Funds | 3596477 |  |  | 3596477 |
| **Total Investments** | $50700757 | $— | $— | $50700757 |

---

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

During the fiscal period ended February 28, 2026, 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.

**TRANSACTIONS WITH AFFILIATES**

The Fund's transactions with affiliates represent holdings for which it and the underlying exchange-traded funds have the same investment adviser. The Fund had the following transactions with such affiliated funds during the fiscal period ended February 28, 2026:

---

| | |
|:---|:---|
| | **Alpha Architect 1-3 Month Box ETF** |
| Value as of November 30, 2025 | $468485 |
| Additions | 592488 |
| Reductions | (330936) |
| Realized gain (loss) | 542 |
| Net change in unrealized appreciation (depreciation) | 5405 |
| Value as of February 28, 2026 | $735984 |
| Dividend (Interest) income |  |
| Capital gain distributions from underlying funds |  |
| Shares as of February 28, 2026 | 6354 |

---

## 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:** Sarmaya Thematic ETF

- **b. EDGAR series identifier (if any):** S000089845

- **c. LEI of Series:** 52990059JU15RUJ6SN97

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

- **a. Date of fiscal year-end:** 2026-11-30

- **b. Date as of which information is reported:** 2026-02-27

**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:** $50771901.34

**Total Liabilities:** $26810.79

**Net Assets:** $50745090.55

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000256664 | 4.40%                | 15.57%               | 13.76%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $81447.29                | $540100.00                                 |
| Month 2  | $2340790.28              | $1392269.98                                |
| Month 3  | $543651.86               | $5062711.15                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Impala Platinum Holdings Ltd               | Impala Platinum Holdings Ltd               | CUSIP: 452553308<br>LEI: N/A                  | Long             | EC               | CORP              | ZA        |     58211 | NS      | $1288791.54   | 2.54%             |  |  |  | No            |                  1 | On Loan: No      |
| SLB Ltd                                    | SLB Ltd                                    | CUSIP: 806857108<br>LEI: 213800ZUA17OK3QLGM62 | Long             | EC               | CORP              | US        |     19317 | NS      | $991734.78    | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Dynasty Minerals Ltd              | Northern Dynasty Minerals Ltd              | CUSIP: 66510M204<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |    127205 | NS      | $197167.75    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Novagold Resources Inc                     | Novagold Resources Inc                     | CUSIP: 66987E206<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     53406 | NS      | $711367.92    | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Agnico Eagle Mines Ltd                     | Agnico Eagle Mines Ltd                     | CUSIP: 008474108<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |      7133 | NS      | $1794662.80   | 3.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Cameco Corp                                | Cameco Corp                                | CUSIP: 13321L108<br>LEI: N4BHALMXL3GMZKCUON55 | Long             | EC               | CORP              | CA        |      3720 | NS      | $440448.00    | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Skeena Resources Ltd                       | Skeena Resources Ltd                       | CUSIP: 83056P715<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     17935 | NS      | $683682.20    | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Endeavour Silver Corp                      | Endeavour Silver Corp                      | CUSIP: 29258Y103<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     81727 | NS      | $1136005.30   | 2.24%             |  |  |  | No            |                  1 | On Loan: No      |
| New Gold Inc                               | New Gold Inc                               | CUSIP: 644535106<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     21313 | NS      | $286020.46    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Gold Fields Ltd                            | Gold Fields Ltd                            | CUSIP: 38059T106<br>LEI: 5299003KXIBJQYCBBD72 | Long             | EC               | CORP              | ZA        |     30800 | NS      | $1812272.00   | 3.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Hudbay Minerals Inc                        | Hudbay Minerals Inc                        | CUSIP: 443628102<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     35632 | NS      | $1009454.56   | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinox Gold Corp                          | Equinox Gold Corp                          | CUSIP: 29446Y502<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     44534 | NS      | $835457.84    | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| National Energy Services Reunited Corp     | National Energy Services Reunited Corp     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | VG        |     18902 | NS      | $473495.10    | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Sibanye Stillwater Ltd                     | Sibanye Stillwater Ltd                     | CUSIP: 82575P107<br>LEI: N/A                  | Long             | EC               | CORP              | ZA        |     75339 | NS      | $1334253.69   | 2.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Navios Maritime Partners LP                | Navios Maritime Partners LP                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MH        |     10803 | NS      | $779544.48    | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Silver Trust                       | iShares Silver Trust                       | CUSIP: 46428Q109<br>LEI: 549300K2C2CG14B0ZA09 | Long             | EC               | RF                | US        |     26619 | NS      | $2262348.81   | 4.46%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Gold Trust                         | iShares Gold Trust                         | CUSIP: 464285204<br>LEI: 5493006UOY7GXQW0IP42 | Long             | EC               | RF                | US        |     25642 | NS      | $2540352.94   | 5.01%             |  |  |  | No            |                  1 | On Loan: No      |
| SPDR Gold MiniShares Trust                 | SPDR Gold MiniShares Trust                 | CUSIP: 98149E303<br>LEI: N/A                  | Long             | EC               | RF                | US        |     43304 | NS      | $4509678.56   | 8.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Alpha Architect 1-3 Month Box ETF          | Alpha Architect 1-3 Month Box ETF          | CUSIP: 02072L565<br>LEI: 549300AINK03GE0FNT25 | Long             | EC               | RF                | US        |      6354 | NS      | $735983.82    | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Government Obligations Fund | First American Government Obligations Fund | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |   3593956 | PA      | $3593955.58   | 7.08%             |  |  |  | No            |                  1 | On Loan: No      |
| First Majestic Silver Corp                 | First Majestic Silver Corp                 | CUSIP: 32076V103<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     37565 | NS      | $1202455.65   | 2.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Vale SA                                    | Vale SA                                    | CUSIP: 91912E105<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |     54600 | NS      | $938028.00    | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Petroleo Brasileiro SA - Petrobras         | Petroleo Brasileiro SA - Petrobras         | CUSIP: 71654V408<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |     44730 | NS      | $743859.90    | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Freeport-McMoRan Inc                       | Freeport-McMoRan Inc                       | CUSIP: 35671D857<br>LEI: 549300IRDTHJQ1PVET45 | Long             | EC               | CORP              | US        |      9104 | NS      | $619800.32    | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Halliburton Co                             | Halliburton Co                             | CUSIP: 406216101<br>LEI: ENYF8GB5SMQZ25S06U51 | Long             | EC               | CORP              | US        |     14028 | NS      | $505008.00    | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Hecla Mining Co                            | Hecla Mining Co                            | CUSIP: 422704106<br>LEI: 5493009Y6HOBZD1QD537 | Long             | EC               | CORP              | US        |     46784 | NS      | $1165389.44   | 2.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Newmont Corp                               | Newmont Corp                               | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |      5910 | NS      | $768300.00    | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Southern Copper Corp                       | Southern Copper Corp                       | CUSIP: 84265V105<br>LEI: 2549007U6NAP46Q9TU15 | Long             | EC               | CORP              | US        |      4528 | NS      | $988525.60    | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Cheniere Energy Inc                        | Cheniere Energy Inc                        | CUSIP: 16411R208<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | EC               | CORP              | US        |      3300 | NS      | $777909.00    | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Range Resources Corp                       | Range Resources Corp                       | CUSIP: 75281A109<br>LEI: H3Y3WLYCX0BTO1TRW162 | Long             | EC               | CORP              | US        |     25724 | NS      | $1061886.72   | 2.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp                           | Exxon Mobil Corp                           | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |     18244 | NS      | $2782210.00   | 5.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corp                               | Chevron Corp                               | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9036 | NS      | $1687563.36   | 3.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Antero Resources Corp                      | Antero Resources Corp                      | CUSIP: 03674X106<br>LEI: APVBKPOULHUX7YZLKU17 | Long             | EC               | CORP              | US        |     23767 | NS      | $874863.27    | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Baker Hughes Co                            | Baker Hughes Co                            | CUSIP: 05722G100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11479 | NS      | $749119.54    | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| BKV Corp                                   | BKV Corp                                   | CUSIP: 05603J108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     13135 | NS      | $411519.55    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Ivanhoe Electric Inc / US                  | Ivanhoe Electric Inc / US                  | CUSIP: 46578C108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     28842 | NS      | $495793.98    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Barrick Mining Corp                        | Barrick Mining Corp                        | CUSIP: 06849F108<br>LEI: 0O4KBQCJZX82UKGCBV73 | Long             | EC               | CORP              | CA        |     14614 | NS      | $741514.36    | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinross Gold Corp                          | Kinross Gold Corp                          | CUSIP: 496902404<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     56547 | NS      | $2091673.53   | 4.12%             |  |  |  | No            |                  1 | On Loan: No      |
| BHP Group Ltd                              | BHP Group Ltd                              | CUSIP: 088606108<br>LEI: WZE1WSENV6JSZFK0JC28 | Long             | EC               | CORP              | AU        |     10000 | NS      | $815700.00    | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| COEUR MINING INC.                          | COEUR MINING INC.                          | CUSIP: 192108504<br>LEI: 5493003AVK173D48DR70 | Long             | EC               | CORP              | US        |     50010 | NS      | $1357771.50   | 2.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Transocean Ltd                             | Transocean Ltd                             | CUSIP: N/A<br>LEI: 529900QO4W5DQGBGEF32       | Long             | EC               | CORP              | CH        |    196703 | NS      | $1274635.44   | 2.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Forum Energy Technologies Inc              | Forum Energy Technologies Inc              | CUSIP: 34984V209<br>LEI: 549300SF93HLCR1REE27 | Long             | EC               | CORP              | US        |     21162 | NS      | $1228030.86   | 2.42%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-02-27

**Name of Applicant:** EA Series Trust

**Signature:** /s/ Sean Hegarty

**Name of Signer:** Sean Hegarty

**Title:** Treasurer