# EDGAR Filing Document

**Accession Number:** 0001592900
**File Stem:** 0001592900-25-002508
**Filing Date:** 2025-8
**Character Count:** 30627
**Document Hash:** 2c7f6099083e2e47cb0d7b0b3e22f6b5
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001592900-25-002508.hdr.sgml**: 20250829

**ACCESSION NUMBER**: 0001592900-25-002508

**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:** 251280081

**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 U.S. Quantitative Momentum ETF (Series ID: S000046018)

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

## Nport-Ex

---

| |
|:---|
| **ALPHA ARCHITECT U.S. QUANTITATIVE MOMENTUM ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **June 30, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS - 99.5%** | **Shares** | **Value**  |
| **<u>Communication Services</u> - 16.0%** | |  |
| **Broadcasting - 2.0%** |  |  |
| Fox Corp. - Class A  | 117841 | $6603809 |
| **Integrated Telecommunication Services - 2.0%** |  |  |
| AT&T, Inc.  | 228337 | 6608073 |
| **Interactive Home Entertainment - 4.0%** |  |  |
| Roblox Corp. - Class A <sup>(a)</sup> | 63020 | 6629704 |
| Take-Two Interactive Software, Inc. <sup>(a)</sup> | 27134 | 6589492 |
|  |  | 13219196 |
| **Movies & Entertainment - 8.0%** |  |  |
| Live Nation Entertainment, Inc. <sup>(a)</sup> | 43346 | 6557383 |
| Netflix, Inc. <sup>(a)</sup> | 4908 | 6572450 |
| Spotify Technology SA <sup>(a)</sup> | 8559 | 6567663 |
| TKO Group Holdings, Inc.  | 36245 | 6594778 |
|  |  | 26292274 |
| **Total Communication Services** |  | 52723352 |
| **<u>Consumer Discretionary</u> - 8.0%** |  |  |
| **Education Services - 2.0%** |  |  |
| Duolingo, Inc. <sup>(a)</sup> | 15740 | 6453715 |
| **Hotels, Resorts & Cruise Lines - 2.0%** |  |  |
| Royal Caribbean Cruises Ltd.  | 20886 | 6540242 |
| **Restaurants - 4.0%** |  |  |
| Brinker International, Inc. <sup>(a)</sup> | 36493 | 6580783 |
| DoorDash, Inc. - Class A <sup>(a)</sup> | 26754 | 6595128 |
|  |  | 13175911 |
| **Total Consumer Discretionary** |  | 26169868 |
| **<u>Consumer Staples</u> - 10.0%** |  |  |
| **Consumer Staples Merchandise Retail - 2.0%** |  |  |
| Walmart, Inc.  | 67533 | 6603377 |
| **Food Retail - 2.0%** |  |  |
| Sprouts Farmers Market, Inc. <sup>(a)</sup> | 39913 | 6571277 |
| **Packaged Foods & Meats - 2.0%** |  |  |
| Cal-Maine Foods, Inc.  | 65786 | 6554259 |

---

------

---

| |
|:---|
| **ALPHA ARCHITECT U.S. QUANTITATIVE MOMENTUM ETF** |
| **SCHEDULE OF INVESTMENTS (CONTINUED)** |
| **June 30, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS - 99.5% (CONTINUED)** | **Shares** | **Value**  |
| **Soft Drinks & Non-alcoholic Beverages - 2.0%** |  |  |
| Primo Brands Corp.  | 221739 | $6567909 |
| **Tobacco - 2.0%** |  |  |
| Philip Morris International, Inc.  | 35940 | 6545752 |
| **Total Consumer Staples** |  | 32842574 |
| **<u>Energy</u> - 11.8%** |  |  |
| **Oil & Gas Exploration & Production - 5.9%** |  |  |
| EQT Corp.  | 111210 | 6485767 |
| Expand Energy Corp.  | 55100 | 6443394 |
| Texas Pacific Land Corp.  | 6203 | 6552787 |
|  |  | 19481948 |
| **Oil & Gas Storage & Transportation - 5.9%** |  |  |
| DT Midstream, Inc.  | 58974 | 6481832 |
| Kinder Morgan, Inc.  | 222041 | 6528006 |
| Williams Cos., Inc.  | 103243 | 6484693 |
|  |  | 19494531 |
| **Total Energy** |  | 38976479 |
| **<u>Financials</u> - 9.9%** |  |  |
| **Asset Management & Custody Banks - 1.9%** |  |  |
| Bank of New York Mellon Corp.  | 71608 | 6524205 |
| **Financial Exchanges & Data - 2.0%** |  |  |
| CME Group, Inc.  | 23884 | 6582908 |
| **Investment Banking & Brokerage - 2.0%** |  |  |
| Interactive Brokers Group, Inc. - Class A  | 118387 | 6559824 |
| **Life & Health Insurance - 2.0%** |  |  |
| Unum Group  | 80840 | 6528638 |
| **Transaction & Payment Processing Services - 2.0%** |  |  |
| Toast, Inc. - Class A <sup>(a)</sup> | 147558 | 6535344 |
| **Total Financials** |  | 32730919 |
| **<u>Health Care</u> - 6.0%** |  |  |
| **Biotechnology - 2.0%** |  |  |
| Gilead Sciences, Inc.  | 59091 | 6551419 |
| **Health Care Distributors - 2.0%** |  |  |
| Cardinal Health, Inc.  | 38875 | 6531000 |

---

------

---

| |
|:---|
| **ALPHA ARCHITECT U.S. QUANTITATIVE MOMENTUM ETF** |
| **SCHEDULE OF INVESTMENTS (CONTINUED)** |
| **June 30, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS - 99.5% (CONTINUED)** | **Shares** | **Value**  |
| **Health Care Technology - 2.0%** |  |  |
| Doximity, Inc. - Class A <sup>(a)</sup> | 107329 | $6583561 |
| **Total Health Care** |  | 19665980 |
| **<u>Industrials</u> - 6.0%** |  |  |
| **Aerospace & Defense - 6.0%** |  |  |
| Axon Enterprise, Inc. <sup>(a)</sup> | 7932 | 6567220 |
| General Electric Co.  | 25360 | 6527411 |
| Howmet Aerospace, Inc.  | 35001 | 6514736 |
| **Total Industrials** |  | 19609367 |
| **<u>Information Technology</u> - 25.8%**<sup>(b)</sup> |  |  |
| **Application Software - 6.0%** |  |  |
| Guidewire Software, Inc. <sup>(a)</sup> | 27907 | 6570703 |
| InterDigital, Inc.  | 28870 | 6473520 |
| Pegasystems, Inc.  | 121192 | 6560123 |
|  |  | 19604346 |
| **Communications Equipment - 2.0%** |  |  |
| F5, Inc. <sup>(a)</sup> | 21957 | 6462384 |
| **Electronic Manufacturing Services - 2.0%** |  |  |
| Jabil, Inc.  | 30097 | 6564156 |
| **Internet Services & Infrastructure - 7.9%** |  |  |
| Cloudflare, Inc. - Class A <sup>(a)</sup> | 33330 | 6527014 |
| Snowflake, Inc. - Class A <sup>(a)</sup> | 29130 | 6518420 |
| Twilio, Inc. - Class A <sup>(a)</sup> | 52613 | 6542953 |
| VeriSign, Inc.  | 22722 | 6562113 |
|  |  | 26150500 |
| **IT Consulting & Other Services - 2.0%** |  |  |
| International Business Machines Corp.  | 22253 | 6559740 |
| **Systems Software - 5.9%** |  |  |
| Commvault Systems, Inc. <sup>(a)</sup> | 37049 | 6458752 |
| Fortinet, Inc. <sup>(a)</sup> | 61802 | 6533707 |
| Zscaler, Inc. <sup>(a)</sup> | 20888 | 6557579 |
|  |  | 19550038 |
| **Total Information Technology** |  | 84891164 |
| **<u>Materials</u> - 2.0%** |  |  |
| **Steel - 2.0%** |  |  |
| Carpenter Technology Corp.  | 23613 | 6526161 |

---

------

---

| |
|:---|
| **ALPHA ARCHITECT U.S. QUANTITATIVE MOMENTUM ETF** |
| **SCHEDULE OF INVESTMENTS (CONTINUED)** |
| **June 30, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS - 99.5% (CONTINUED)** | **Shares** | **Value**  |
| **<u>Utilities</u> - 4.0%** | |  |
| **Electric Utilities - 4.0%** |  |  |
| Entergy Corp.  | 79190 | $6582272 |
| NRG Energy, Inc.  | 40310 | 6472980 |
| **Total Utilities** |  | 13055252 |
| **TOTAL COMMON STOCKS** (Cost $292,825,758) |  | 327191116 |
| **SHORT-TERM INVESTMENTS - 0.3%** |  |  |
| **Money Market Funds - 0.3%** |  |  |
| First American Government Obligations Fund - Class X, 4.25% <sup>(c)</sup> | 902772 | 902772 |
| **TOTAL SHORT-TERM INVESTMENTS** (Cost $902,772) |  | 902772 |
| **TOTAL INVESTMENTS - 99.8% (**Cost $293,728,530**)** |  | $328093888 |
| Other Assets in Excess of Liabilities - 0.2%  |  | 510982 |
| **TOTAL NET ASSETS - 100.0%** |  | $328604870 |

---

Percentages are stated as a percent of net assets.

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

(b) <br> 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.

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

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

------

**ALPHA ARCHITECT ETFs**

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

Alpha Architect U.S. Quantitative Momentum 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 | $327191116 | $— | $— | $327191116 |
| &nbsp;&nbsp;&nbsp;&nbsp;Money Market Funds | 902772 |  |  | 902772 |
| Total Investments | $328093888 | $— | $— | $328093888 |

---

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 U.S. Quantitative Momentum ETF

- **b. EDGAR series identifier (if any):** S000046018

- **c. LEI of Series:** 54930020CGHGZSSOJQ22

**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:** $377481991.59

**Total Liabilities:** $24230550.63

**Net Assets:** $353251440.96

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000143788 | -1.10%               | 5.00%                | 5.18%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $449386.94               | $-4204014.08                               |
| Month 2  | $3102674.76              | $11550339.61                               |
| Month 3  | $2544150.25              | $13495200.09                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Insulet Corp                               | Insulet Corp                               | CUSIP: 45784P101<br>LEI: 549300TZTYD2PYN92D43 | Long             | EC               | CORP              | US        |     20522 | NS      | $6447601.96   | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| T-Mobile US Inc                            | T-Mobile US Inc                            | CUSIP: 872590104<br>LEI: 549300QHIJYOHPACPG31 | Long             | EC               | CORP              | US        |     27326 | NS      | $6510692.76   | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International Inc            | Philip Morris International Inc            | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |     36931 | NS      | $6726243.03   | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| InterDigital Inc                           | InterDigital Inc                           | CUSIP: 45867G101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     30985 | NS      | $6947766.55   | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Pegasystems Inc                            | Pegasystems Inc                            | CUSIP: 705573103<br>LEI: 549300FMCOKPL06FYN26 | Long             | EC               | CORP              | US        |    136674 | NS      | $7398163.62   | 2.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Live Nation Entertainment Inc              | Live Nation Entertainment Inc              | CUSIP: 538034109<br>LEI: 5493007B9BM9ZXJINO78 | Long             | EC               | CORP              | US        |     48911 | NS      | $7399256.08   | 2.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Fair Isaac Corp                            | Fair Isaac Corp                            | CUSIP: 303250104<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | EC               | CORP              | US        |      3842 | NS      | $7023022.32   | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Cardinal Health Inc                        | Cardinal Health Inc                        | CUSIP: 14149Y108<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | EC               | CORP              | US        |     42956 | NS      | $7216608.00   | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| F5 Inc                                     | F5 Inc                                     | CUSIP: 315616102<br>LEI: 54930015FPK9KT966303 | Long             | EC               | CORP              | US        |     23692 | NS      | $6973029.44   | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Netflix Inc                                | Netflix Inc                                | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |      5574 | NS      | $7464310.62   | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Targa Resources Corp                       | Targa Resources Corp                       | CUSIP: 87612G101<br>LEI: 5493003QENHHS261UR94 | Long             | EC               | CORP              | US        |     42388 | NS      | $7378903.04   | 2.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinder Morgan Inc                          | Kinder Morgan Inc                          | CUSIP: 49456B101<br>LEI: 549300WR7IX8XE0TBO16 | Long             | EC               | CORP              | US        |    237527 | NS      | $6983293.80   | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Guidewire Software Inc                     | Guidewire Software Inc                     | CUSIP: 40171V100<br>LEI: 549300WXSG0J8IXZCK32 | Long             | EC               | CORP              | US        |     31256 | NS      | $7359225.20   | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Sprouts Farmers Market Inc                 | Sprouts Farmers Market Inc                 | CUSIP: 85208M102<br>LEI: 529900P8F4G77Q52XE24 | Long             | EC               | CORP              | US        |     38380 | NS      | $6318883.20   | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| ROBLOX Corp                                | ROBLOX Corp                                | CUSIP: 771049103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     78079 | NS      | $8213910.80   | 2.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Cloudflare Inc                             | Cloudflare Inc                             | CUSIP: 18915M107<br>LEI: 5493007DY18BGNLDWU14 | Long             | EC               | CORP              | US        |     40979 | NS      | $8024917.57   | 2.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Doximity Inc                               | Doximity Inc                               | CUSIP: 26622P107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    129269 | NS      | $7929360.46   | 2.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Twilio Inc                                 | Twilio Inc                                 | CUSIP: 90138F102<br>LEI: 5493004W8TRGD63APX93 | Long             | EC               | CORP              | US        |     57476 | NS      | $7147715.36   | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| ADMA Biologics Inc                         | ADMA Biologics Inc                         | CUSIP: 000899104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    336647 | NS      | $6130341.87   | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Duolingo Inc                               | Duolingo Inc                               | CUSIP: 26603R106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     12996 | NS      | $5328619.92   | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| DoorDash Inc                               | DoorDash Inc                               | CUSIP: 25809K105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     32491 | NS      | $8009356.41   | 2.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Take-Two Interactive Software Inc          | Take-Two Interactive Software Inc          | CUSIP: 874054109<br>LEI: BOMSTHHJK882EWYX3334 | Long             | EC               | CORP              | US        |     29544 | NS      | $7174760.40   | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortinet Inc                               | Fortinet Inc                               | CUSIP: 34959E109<br>LEI: 549300O0QJWDBAS0QX03 | Long             | EC               | CORP              | US        |     65647 | NS      | $6940200.84   | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Commvault Systems Inc                      | Commvault Systems Inc                      | CUSIP: 204166102<br>LEI: 65T5VRP62VXG39YFML83 | Long             | EC               | CORP              | US        |     36891 | NS      | $6431208.03   | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Carpenter Technology Corp                  | Carpenter Technology Corp                  | CUSIP: 144285103<br>LEI: DX6I6ZD3X5WNNCDJKP85 | Long             | EC               | CORP              | US        |     28552 | NS      | $7891201.76   | 2.23%             |  |  |  | No            |                  1 | On Loan: No      |
| VeriSign Inc                               | VeriSign Inc                               | CUSIP: 92343E102<br>LEI: LMPL4N8ZOJRMF0KOF759 | Long             | EC               | CORP              | US        |     24630 | NS      | $7113144.00   | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| O'Reilly Automotive Inc                    | O'Reilly Automotive Inc                    | CUSIP: 67103H107<br>LEI: 549300K2RLMQL149Q332 | Long             | EC               | CORP              | US        |     73386 | NS      | $6614280.18   | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Axon Enterprise Inc                        | Axon Enterprise Inc                        | CUSIP: 05464C101<br>LEI: 549300QP2IEEGFE16681 | Long             | EC               | CORP              | US        |      9018 | NS      | $7466362.92   | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Brinker International Inc                  | Brinker International Inc                  | CUSIP: 109641100<br>LEI: 52990067JY6PBGJNTG76 | Long             | EC               | CORP              | US        |     38437 | NS      | $6931344.21   | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| International Business Machines Corp       | International Business Machines Corp       | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               | CORP              | US        |     25804 | NS      | $7606503.12   | 2.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Altria Group Inc                           | Altria Group Inc                           | CUSIP: 02209S103<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | EC               | CORP              | US        |    110208 | NS      | $6461495.04   | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| NiSource Inc                               | NiSource Inc                               | CUSIP: 65473P105<br>LEI: 549300D8GOWWH0SJB189 | Long             | EC               | CORP              | US        |    168978 | NS      | $6816572.52   | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Gilead Sciences Inc                        | Gilead Sciences Inc                        | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |     60323 | NS      | $6688011.01   | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| AT&T Inc                                   | AT&T Inc                                   | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               | CORP              | US        |    240352 | NS      | $6955786.88   | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Unum Group                                 | Unum Group                                 | CUSIP: 91529Y106<br>LEI: 549300E32YFDO6TZ8R31 | Long             | EC               | CORP              | US        |     81551 | NS      | $6586058.76   | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| WEC Energy Group Inc                       | WEC Energy Group Inc                       | CUSIP: 92939U106<br>LEI: 549300IGLYTZUK3PVP70 | Long             | EC               | CORP              | US        |     61985 | NS      | $6458837.00   | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Williams Cos Inc/The                       | Williams Cos Inc/The                       | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |    110912 | NS      | $6966382.72   | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Walmart Inc                                | Walmart Inc                                | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |     67909 | NS      | $6640142.02   | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| CBRE Group Inc                             | CBRE Group Inc                             | CUSIP: 12504L109<br>LEI: 52990016II9MJ2OSWA10 | Long             | EC               | CORP              | US        |     53368 | NS      | $7477924.16   | 2.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Entergy Corp                               | Entergy Corp                               | CUSIP: 29364G103<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | EC               | CORP              | US        |     80297 | NS      | $6674286.64   | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Cheniere Energy Inc                        | Cheniere Energy Inc                        | CUSIP: 16411R208<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | EC               | CORP              | US        |     28246 | NS      | $6878465.92   | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Cal-Maine Foods Inc                        | Cal-Maine Foods Inc                        | CUSIP: 128030202<br>LEI: 549300NHE5WMIEIEMF53 | Long             | EC               | CORP              | US        |     69128 | NS      | $6887222.64   | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Howmet Aerospace Inc                       | Howmet Aerospace Inc                       | CUSIP: 443201108<br>LEI: 549300HO5WFZUT5N2T22 | Long             | EC               | CORP              | US        |     39322 | NS      | $7319003.86   | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Pacific Land Corp                    | Texas Pacific Land Corp                    | CUSIP: 88262P102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5849 | NS      | $6178825.11   | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| DT Midstream Inc                           | DT Midstream Inc                           | CUSIP: 23345M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     63821 | NS      | $7014566.11   | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| TKO Group Holdings Inc                     | TKO Group Holdings Inc                     | CUSIP: 87256C101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     42599 | NS      | $7750888.05   | 2.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Primo Brands Corp                          | Primo Brands Corp                          | CUSIP: 741623102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    202104 | NS      | $5986320.48   | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Royal Caribbean Cruises Ltd                | Royal Caribbean Cruises Ltd                | CUSIP: N/A<br>LEI: K2NEH8QNVW44JIWK7Z55       | Long             | EC               | CORP              | LR        |     25943 | NS      | $8123791.02   | 2.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Spotify Technology SA                      | Spotify Technology SA                      | CUSIP: N/A<br>LEI: 549300B4X0JHWV0DTD60       | Long             | EC               | CORP              | LU        |     10179 | NS      | $7810753.86   | 2.21%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Government Obligations Fund | First American Government Obligations Fund | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |    894487 | PA      | $894487.17    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Toast Inc                                  | Toast Inc                                  | CUSIP: 888787108<br>LEI: 549300TN1PZNLCD4I551 | Long             | EC               | CORP              | US        |    160585 | NS      | $7112309.65   | 2.01%             |  |  |  | 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