# EDGAR Filing Document

**Accession Number:** 0001592900
**File Stem:** 0001592900-25-003554
**Filing Date:** 2025-10
**Character Count:** 47576
**Document Hash:** f74a6e643f40ff7982f74ad3fdf7f9d9
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001592900-25-003554.hdr.sgml**: 20251030

**ACCESSION NUMBER**: 0001592900-25-003554

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250829

**FILED AS OF DATE**: 20251030

**DATE AS OF CHANGE**: 20251030

**PERIOD START**: 20251130

**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:** 251434598

**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

### Cambria Tax Aware ETF (Series ID: S000088134)

| Class ID   | Class Name            | Ticker Symbol   |
|:---|:---|:---|
| C000254187 | Cambria Tax Aware ETF | TAX             |

## Nport-Ex

---

| |
|:---|
| **CAMBRIA TAX AWARE ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **August 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS - 86.4%** | **Shares** | **Value**  |
| **<u>Communication Services</u> - 6.6%** | |  |
| **Cable & Satellite - 1.7%** |  |  |
| Charter Communications, Inc. - Class A <sup>(a)</sup> | 1125 | $298778 |
| Liberty Broadband Corp. - Class A <sup>(a)</sup> | 3454 | 209554 |
|  |  | 508332 |
| **Interactive Media & Services - 2.0%** |  |  |
| Alphabet, Inc. - Class A  | 1461 | 311062 |
| Meta Platforms, Inc. - Class A  | 406 | 299912 |
|  |  | 610974 |
| **Movies & Entertainment - 1.0%** |  |  |
| Walt Disney Co.  | 2491 | 294884 |
| **Publishing - 1.9%** |  |  |
| News Corp. - Class A  | 9448 | 277866 |
| News Corp. - Class B  | 8523 | 288674 |
|  |  | 566540 |
| **Total Communication Services** |  | 1980730 |
| **<u>Consumer Discretionary</u> - 16.1%** |  |  |
| **Apparel Retail - 1.2%** |  |  |
| Urban Outfitters, Inc. <sup>(a)</sup> | 5248 | 352036 |
| **Automotive Retail - 3.7%** |  |  |
| Asbury Automotive Group, Inc. <sup>(a)</sup> | 999 | 251288 |
| AutoNation, Inc. <sup>(a)</sup> | 1507 | 330154 |
| Group 1 Automotive, Inc.  | 597 | 277474 |
| Lithia Motors, Inc.  | 796 | 267997 |
|  |  | 1126913 |
| **Broadline Retail - 1.8%** |  |  |
| Amazon.com, Inc. <sup>(a)</sup> | 770 | 176330 |
| Ollie's Bargain Outlet Holdings, Inc. <sup>(a)</sup> | 2807 | 356040 |
|  |  | 532370 |
| **Education Services - 1.0%** |  |  |
| Grand Canyon Education, Inc. <sup>(a)</sup> | 1558 | 314046 |
| **Footwear - 2.0%** |  |  |
| Deckers Outdoor Corp. <sup>(a)</sup> | 2591 | 309961 |
| Skechers USA, Inc. - Class A <sup>(a)</sup> | 4438 | 279949 |
|  |  | 589910 |
| **Homebuilding - 3.0%** |  |  |
| NVR, Inc. <sup>(a)</sup> | 38 | 308471 |
| PulteGroup, Inc.  | 2310 | 304966 |
| Taylor Morrison Home Corp. <sup>(a)</sup> | 4507 | 303636 |
|  |  | 917073 |

---

------

---

| |
|:---|
| **CAMBRIA TAX AWARE ETF** |
| **SCHEDULE OF INVESTMENTS (CONTINUED)** |
| **August 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS - 86.4% (CONTINUED)** | **Shares** | **Value**  |
| **Hotels, Resorts & Cruise Lines - 2.4%** |  |  |
| Carnival Corp. <sup>(a)</sup> | 11553 | $368425 |
| Expedia Group, Inc.  | 1601 | 343895 |
|  |  | 712320 |
| **Leisure Products - 1.0%** |  |  |
| Mattel, Inc. <sup>(a)</sup> | 16079 | 294246 |
| **Total Consumer Discretionary** |  | 4838914 |
| **<u>Consumer Staples</u> - 3.9%** |  |  |
| **Food Distributors - 2.1%** |  |  |
| Performance Food Group Co. <sup>(a)</sup> | 3370 | 341718 |
| US Foods Holding Corp. <sup>(a)</sup> | 3941 | 305821 |
|  |  | 647539 |
| **Food Retail - 1.0%** |  |  |
| Maplebear, Inc. <sup>(a)(b)</sup> | 6903 | 299383 |
| **Packaged Foods & Meats - 0.8%** |  |  |
| Pilgrim's Pride Corp.  | 5122 | 227673 |
| **Total Consumer Staples** |  | 1174595 |
| **<u>Energy</u> - 1.9%** |  |  |
| **Oil & Gas Equipment & Services - 1.1%** |  |  |
| TechnipFMC PLC  | 8891 | 326833 |
| **Oil & Gas Exploration & Production - 0.8%** |  |  |
| Range Resources Corp.  | 7293 | 249931 |
| **Total Energy** |  | 576764 |
| **<u>Financials</u> - 9.0%** |  |  |
| **Asset Management & Custody Banks - 1.0%** |  |  |
| Affiliated Managers Group, Inc.  | 1326 | 298111 |
| **Commercial & Residential Mortgage Finance - 1.4%** |  |  |
| Mr Cooper Group, Inc. <sup>(a)</sup> | 2134 | 402323 |
| **Diversified Banks - 0.9%** |  |  |
| First Citizens BancShares, Inc./NC - Class A  | 139 | 275764 |
| **Life & Health Insurance - 1.8%** |  |  |
| Aflac, Inc.  | 2234 | 238725 |
| Globe Life, Inc. <sup>(b)</sup> | 2227 | 311669 |
|  |  | 550394 |
| **Multi-Sector Holdings - 0.9%** |  |  |
| Berkshire Hathaway, Inc. - Class B <sup>(a)</sup> | 559 | 281166 |

---

------

---

| |
|:---|
| **CAMBRIA TAX AWARE ETF** |
| **SCHEDULE OF INVESTMENTS (CONTINUED)** |
| **August 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS - 86.4% (CONTINUED)** | **Shares** | **Value**  |
| **Property & Casualty Insurance - 1.0%** |  |  |
| Markel Group, Inc. <sup>(a)</sup> | 154 | $301695 |
| **Regional Banks - 1.0%** |  |  |
| Axos Financial, Inc. <sup>(a)</sup> | 3280 | 299169 |
| **Transaction & Payment Processing Services - 1.0%** |  |  |
| PayPal Holdings, Inc. <sup>(a)</sup> | 4353 | 305537 |
| **Total Financials** |  | 2714159 |
| **<u>Health Care</u> - 8.4%** |  |  |
| **Biotechnology - 2.7%** |  |  |
| Exelixis, Inc. <sup>(a)</sup> | 7483 | 280014 |
| Regeneron Pharmaceuticals, Inc.  | 514 | 298480 |
| United Therapeutics Corp. <sup>(a)</sup> | 772 | 235274 |
|  |  | 813768 |
| **Health Care Distributors - 1.7%** |  |  |
| Cencora, Inc.  | 878 | 256033 |
| McKesson Corp.  | 359 | 246504 |
|  |  | 502537 |
| **Health Care Equipment - 0.7%** |  |  |
| Globus Medical, Inc. - Class A <sup>(a)</sup> | 3434 | 210401 |
| **Health Care Facilities - 1.2%** |  |  |
| Tenet Healthcare Corp. <sup>(a)</sup> | 2069 | 381379 |
| **Health Care Services - 0.3%** |  |  |
| Hims & Hers Health, Inc. <sup>(a)</sup> | 1919 | 81270 |
| **Life Sciences Tools & Services - 0.4%** |  |  |
| Thermo Fisher Scientific, Inc. <sup>(b)</sup> | 265 | 130571 |
| **Pharmaceuticals - 1.4%** |  |  |
| Eli Lilly & Co.  | 186 | 136260 |
| Jazz Pharmaceuticals PLC <sup>(a)</sup> | 2209 | 282200 |
|  |  | 418460 |
| **Total Health Care** |  | 2538386 |
| **<u>Industrials</u> - 20.4%** |  |  |
| **Aerospace & Defense - 1.1%** |  |  |
| Woodward, Inc.  | 1334 | 329258 |
| **Building Products - 1.4%** |  |  |
| Builders FirstSource, Inc. <sup>(a)</sup> | 445 | 61712 |
| Zurn Elkay Water Solutions Corp.  | 7763 | 352130 |
|  |  | 413842 |

---

------

---

| |
|:---|
| **CAMBRIA TAX AWARE ETF** |
| **SCHEDULE OF INVESTMENTS (CONTINUED)** |
| **August 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS - 86.4% (CONTINUED)** | **Shares** | **Value**  |
| **Construction & Engineering - 7.5%** |  |  |
| AECOM  | 2827 | $353064 |
| Comfort Systems USA, Inc.  | 740 | 520501 |
| EMCOR Group, Inc.  | 695 | 430900 |
| Sterling Infrastructure, Inc. <sup>(a)</sup> | 2428 | 676271 |
| Valmont Industries, Inc.  | 797 | 292595 |
|  |  | 2273331 |
| **Construction Machinery & Heavy Transportation Equipment - 1.0%** |  |  |
| Westinghouse Air Brake Technologies Corp.  | 1514 | 292959 |
| **Electrical Components & Equipment - 1.0%** |  |  |
| AMETEK, Inc.  | 1629 | 301039 |
| **Human Resource & Employment Services - 0.9%** |  |  |
| Paycom Software, Inc.  | 1259 | 285982 |
| **Industrial Machinery & Supplies & Components - 2.2%** |  |  |
| Gates Industrial Corp. PLC <sup>(a)</sup> | 12814 | 327526 |
| ITT, Inc.  | 1952 | 332328 |
|  |  | 659854 |
| **Passenger Airlines - 0.8%** |  |  |
| Alaska Air Group, Inc. <sup>(a)</sup> | 3861 | 242393 |
| **Research & Consulting Services - 1.4%** |  |  |
| FTI Consulting, Inc. <sup>(a)</sup> | 592 | 99835 |
| Jacobs Solutions, Inc.  | 2173 | 317758 |
|  |  | 417593 |
| **Trading Companies & Distributors - 3.1%** |  |  |
| AerCap Holdings NV <sup>(b)</sup> | 2411 | 297758 |
| Applied Industrial Technologies, Inc.  | 1109 | 292310 |
| WESCO International, Inc. <sup>(b)</sup> | 1565 | 344050 |
|  |  | 934118 |
| **Total Industrials** |  | 6150369 |
| **<u>Information Technology</u> - 17.1%** |  |  |
| **Application Software - 4.6%** |  |  |
| ACI Worldwide, Inc. <sup>(a)</sup> | 5421 | 267527 |
| Adobe, Inc. <sup>(a)</sup> | 850 | 303195 |
| BILL Holdings, Inc. <sup>(a)</sup> | 5127 | 237995 |
| Docusign, Inc. <sup>(a)</sup> | 3373 | 258574 |
| Zoom Communications, Inc. <sup>(a)(b)</sup> | 3766 | 306628 |
|  |  | 1373919 |
| **Communications Equipment - 1.0%** |  |  |
| F5, Inc. <sup>(a)</sup> | 944 | 295604 |

---

------

---

| |
|:---|
| **CAMBRIA TAX AWARE ETF** |
| **SCHEDULE OF INVESTMENTS (CONTINUED)** |
| **August 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS - 86.4% (CONTINUED)** | **Shares** | **Value**  |
| **Electronic Equipment & Instruments - 1.0%** |  |  |
| Teledyne Technologies, Inc. <sup>(a)</sup> | 557 | $299761 |
| **Electronic Manufacturing Services - 3.8%** |  |  |
| Fabrinet <sup>(a)</sup> | 1204 | 398873 |
| Flex Ltd. <sup>(a)</sup> | 7109 | 381184 |
| Jabil, Inc.  | 1749 | 358248 |
|  |  | 1138305 |
| **Internet Services & Infrastructure - 0.8%** |  |  |
| Twilio, Inc. - Class A <sup>(a)</sup> | 2372 | 250507 |
| **IT Consulting & Other Services - 2.1%** |  |  |
| EPAM Systems, Inc. <sup>(a)</sup> | 1748 | 308277 |
| Gartner, Inc. <sup>(a)</sup> | 1237 | 310722 |
|  |  | 618999 |
| **Semiconductors - 3.8%** |  |  |
| Advanced Micro Devices, Inc. <sup>(a)</sup> | 5242 | 852507 |
| First Solar, Inc. <sup>(a)</sup> | 1555 | 303520 |
|  |  | 1156027 |
| **Total Information Technology** |  | 5133122 |
| **<u>Materials</u> - 0.8%** |  |  |
| **Construction Materials - 0.8%** |  |  |
| Knife River Corp. <sup>(a)(b)</sup> | 2944 | 238464 |
| **<u>Real Estate</u> - 1.1%** |  |  |
| **Real Estate Services - 1.1%** |  |  |
| Jones Lang LaSalle, Inc. <sup>(a)</sup> | 1040 | 317793 |
| **<u>Utilities</u> - 1.1%** |  |  |
| **Electric Utilities - 1.1%** |  |  |
| Constellation Energy Corp.  | 1060 | 326459 |
| **TOTAL COMMON STOCKS** (Cost $22,468,964) |  | 25989755 |
| **EXCHANGE TRADED FUNDS - 10.1%** |  |  |
| Vanguard Total Stock Market ETF  | 9501 | 3023218 |
| **TOTAL EXCHANGE TRADED FUNDS** (Cost $1,997,368) |  | 3023218 |
| **SHORT-TERM INVESTMENTS** |  |  |
| **INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 3.9%** | **Units** | **Value**  |
| Mount Vernon Liquid Assets Portfolio, LLC, 4.48%<sup>(c)</sup> | 1182626 | 1182626 |
| **TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING** (Cost $1,182,626) |  | 1182626 |

---

------

---

| |
|:---|
| **CAMBRIA TAX AWARE ETF** |
| **SCHEDULE OF INVESTMENTS (CONTINUED)** |
| **August 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| **MONEY MARKET FUNDS - 3.5%** | **Shares** | **Value**  |
| First American Government Obligations Fund - Class X, 4.22%<sup>(c)</sup> | 1046292 | $1046292 |
| **TOTAL MONEY MARKET FUNDS** (Cost $1,046,292) |  | 1046292 |
| **TOTAL INVESTMENTS - 103.9% (**Cost $26,695,250**)** |  | $31241891 |
| Liabilities in Excess of Other Assets - (3.9)%  |  | (1175955) |
| **TOTAL NET ASSETS - 100.0%** |  | $30065936 |

---

Percentages are stated as a percent of net assets.

LLC - Limited Liability Company <br> PLC - Public Limited Company

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

(b) <br> All or a portion of this security is on loan as of August 31, 2025. The fair value of these securities was $1,151,905.

(c) <br> The rate shown represents the 7-day annualized effective yield as of August 31, 2025.

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

------

**CAMBRIA TAX AWARE ETF**

**Summary of Fair Value Disclosure as of August 31, 2025 (Unaudited)** 

Cambria Tax Aware 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 August 31, 2025:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **DESCRIPTION** | **INVESTMENTS MEASURED AT NET ASSET VALUE** | **LEVEL 1** | **LEVEL 2** | **LEVEL 3** | **TOTAL** |
| **<u>Assets</u>** | | | | | |
| Common Stocks | $— | $25989755 | $— | $— | $25989755 |
| Exchange Traded Funds |  | 3023218 |  |  | 3023218 |
| Investments Purchased with Proceeds from Securities Lending<sup>(a)</sup> | 1182626 |  |  |  | 1182626 |
| Money Market Funds |  | 1046292 |  |  | 1046292 |
| **Total Investments** | $1182626 | $30059265 | $— | $— | $31241891 |

---

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

(a) Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amount of $1,182,626 presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts listed in the Schedule of Investments.

During the fiscal period ended August 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:** Cambria Tax Aware ETF

- **b. EDGAR series identifier (if any):** S000088134

- **c. LEI of Series:** 529900SQ05Y2ER923B56

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

- **a. Date of fiscal year-end:** 2025-11-30

- **b. Date as of which information is reported:** 2025-08-29

**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:** $31261236.86

**Total Liabilities:** $1195319.26

**Net Assets:** $30065917.60

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000254187 | 5.05%                | 2.10%                | 2.24%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $1370296.61                                |
| Month 2  | $0.54                    | $577122.80                                 |
| Month 3  | $1420182.42              | $-758279.74                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Vanguard Total Stock Market ETF            | Vanguard Total Stock Market ETF            | CUSIP: 922908769<br>LEI: N/A                  | Long             | EC               | RF                | US        |      9501 | NS      | $3023218.20   | 10.06%            |  |  |  | No            | 1                  | On Loan: No      |
| Constellation Energy Corp                  | Constellation Energy Corp                  | CUSIP: 21037T109<br>LEI: 549300F8Y20RYGNGV346 | Long             | EC               | CORP              | US        |      1060 | NS      | $326458.80    | 1.09%             |  |  |  | No            | 1                  | On Loan: No      |
| Jacobs Solutions Inc                       | Jacobs Solutions Inc                       | CUSIP: 46982L108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2173 | NS      | $317757.79    | 1.06%             |  |  |  | No            | 1                  | On Loan: No      |
| Carnival Corp                              | Carnival Corp                              | CUSIP: 143658300<br>LEI: F1OF2ZSX47CR0BCWA982 | Long             | EC               | CORP              | PA        |     11553 | NS      | $368425.17    | 1.23%             |  |  |  | No            | 1                  | On Loan: No      |
| Flex Ltd                                   | Flex Ltd                                   | CUSIP: N/A<br>LEI: 549300EAQH74YHD07T53       | Long             | EC               | CORP              | SG        |      7109 | NS      | $381184.58    | 1.27%             |  |  |  | No            | 1                  | On Loan: No      |
| Jazz Pharmaceuticals PLC                   | Jazz Pharmaceuticals PLC                   | CUSIP: N/A<br>LEI: 635400GAUMJCLEZRRV50       | Long             | EC               | CORP              | IE        |      2209 | NS      | $282199.75    | 0.94%             |  |  |  | No            | 1                  | On Loan: No      |
| Fabrinet                                   | Fabrinet                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KY        |      1204 | NS      | $398873.16    | 1.33%             |  |  |  | No            | 1                  | On Loan: No      |
| AerCap Holdings NV                         | AerCap Holdings NV                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | NL        |      2411 | NS      | $297758.50    | 0.99%             |  |  |  | No            | 1                  | On Loan: —       |
| TechnipFMC PLC                             | TechnipFMC PLC                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | GB        |      8891 | NS      | $326833.16    | 1.09%             |  |  |  | No            | 1                  | On Loan: No      |
| Gates Industrial Corp PLC                  | Gates Industrial Corp PLC                  | CUSIP: N/A<br>LEI: 549300S6K4FWUSB9KM27       | Long             | EC               | CORP              | GB        |     12814 | NS      | $327525.84    | 1.09%             |  |  |  | No            | 1                  | On Loan: No      |
| BILL Holdings Inc                          | BILL Holdings Inc                          | CUSIP: 090043100<br>LEI: 549300IBF9VZZIGOZW63 | Long             | EC               | CORP              | US        |      5127 | NS      | $237995.34    | 0.79%             |  |  |  | No            | 1                  | On Loan: No      |
| First American Government Obligations Fund | First American Government Obligations Fund | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |   1046292 | PA      | $1046291.75   | 3.48%             |  |  |  | No            | 1                  | On Loan: No      |
| MOUNT VERNON LIQUID ASSETS PORTFOLIO       | MOUNT VERNON LIQUID ASSETS PORTFOLIO       | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | PF                | US        |   1182626 | NS      | $1182626.25   | 3.93%             |  |  |  | No            | N/A                | On Loan: No      |
| Liberty Broadband Corp                     | Liberty Broadband Corp                     | CUSIP: 530307107<br>LEI: 549300MIX43II8JLN536 | Long             | EC               | CORP              | US        |      3454 | NS      | $209554.18    | 0.70%             |  |  |  | No            | 1                  | On Loan: No      |
| Twilio Inc                                 | Twilio Inc                                 | CUSIP: 90138F102<br>LEI: 5493004W8TRGD63APX93 | Long             | EC               | CORP              | US        |      2372 | NS      | $250506.92    | 0.83%             |  |  |  | No            | 1                  | On Loan: No      |
| Knife River Corp                           | Knife River Corp                           | CUSIP: 498894104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2944 | NS      | $238464.00    | 0.79%             |  |  |  | No            | 1                  | On Loan: —       |
| Mr Cooper Group Inc                        | Mr Cooper Group Inc                        | CUSIP: 62482R107<br>LEI: 549300KD8C6DPXYC2M26 | Long             | EC               | CORP              | US        |      2134 | NS      | $402323.02    | 1.34%             |  |  |  | No            | 1                  | On Loan: No      |
| Globus Medical Inc                         | Globus Medical Inc                         | CUSIP: 379577208<br>LEI: 5299003M2P4CIK0RF205 | Long             | EC               | CORP              | US        |      3434 | NS      | $210401.18    | 0.70%             |  |  |  | No            | 1                  | On Loan: No      |
| News Corp                                  | News Corp                                  | CUSIP: 65249B109<br>LEI: 549300ITS31QK8VRBQ14 | Long             | EC               | CORP              | US        |      9448 | NS      | $277865.68    | 0.92%             |  |  |  | No            | 1                  | On Loan: No      |
| News Corp                                  | News Corp                                  | CUSIP: 65249B208<br>LEI: 549300ITS31QK8VRBQ14 | Long             | EC               | CORP              | US        |      8523 | NS      | $288674.01    | 0.96%             |  |  |  | No            | 1                  | On Loan: No      |
| Taylor Morrison Home Corp                  | Taylor Morrison Home Corp                  | CUSIP: 87724P106<br>LEI: 5299009UDLLGLKOOJE30 | Long             | EC               | CORP              | US        |      4507 | NS      | $303636.59    | 1.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Zoom Communications Inc                    | Zoom Communications Inc                    | CUSIP: 98980L101<br>LEI: 549300T9GCHU0ODOM055 | Long             | EC               | CORP              | US        |      3766 | NS      | $306627.72    | 1.02%             |  |  |  | No            | 1                  | On Loan: —       |
| Paycom Software Inc                        | Paycom Software Inc                        | CUSIP: 70432V102<br>LEI: 254900LSB0HNJUDC6Q18 | Long             | EC               | CORP              | US        |      1259 | NS      | $285981.85    | 0.95%             |  |  |  | No            | 1                  | On Loan: No      |
| Charter Communications Inc                 | Charter Communications Inc                 | CUSIP: 16119P108<br>LEI: 0J0XRGZE3PBRFEZ7MV65 | Long             | EC               | CORP              | US        |      1125 | NS      | $298777.50    | 0.99%             |  |  |  | No            | 1                  | On Loan: No      |
| PayPal Holdings Inc                        | PayPal Holdings Inc                        | CUSIP: 70450Y103<br>LEI: 5493005X2GO78EFZ3E94 | Long             | EC               | CORP              | US        |      4353 | NS      | $305537.07    | 1.02%             |  |  |  | No            | 1                  | On Loan: No      |
| Ollie's Bargain Outlet Holdings Inc        | Ollie's Bargain Outlet Holdings Inc        | CUSIP: 681116109<br>LEI: 529900YO5DSQCPEFDZ05 | Long             | EC               | CORP              | US        |      2807 | NS      | $356039.88    | 1.18%             |  |  |  | No            | 1                  | On Loan: No      |
| Alphabet Inc                               | Alphabet Inc                               | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |      1461 | NS      | $311061.51    | 1.03%             |  |  |  | No            | 1                  | On Loan: No      |
| Performance Food Group Co                  | Performance Food Group Co                  | CUSIP: 71377A103<br>LEI: 549300EUK8GR9IT1YK57 | Long             | EC               | CORP              | US        |      3370 | NS      | $341718.00    | 1.14%             |  |  |  | No            | 1                  | On Loan: No      |
| US Foods Holding Corp                      | US Foods Holding Corp                      | CUSIP: 912008109<br>LEI: 549300UGOZSO64CFPR97 | Long             | EC               | CORP              | US        |      3941 | NS      | $305821.60    | 1.02%             |  |  |  | No            | 1                  | On Loan: No      |
| ITT Inc                                    | ITT Inc                                    | CUSIP: 45073V108<br>LEI: 549300KDSERHTJOXUS80 | Long             | EC               | CORP              | US        |      1952 | NS      | $332328.00    | 1.11%             |  |  |  | No            | 1                  | On Loan: No      |
| Maplebear Inc                              | Maplebear Inc                              | CUSIP: 565394103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6903 | NS      | $299383.11    | 1.00%             |  |  |  | No            | 1                  | On Loan: —       |
| Hims & Hers Health Inc                     | Hims & Hers Health Inc                     | CUSIP: 433000106<br>LEI: 549300ZQ4ZUYSAAX6P59 | Long             | EC               | CORP              | US        |      1919 | NS      | $81269.65     | 0.27%             |  |  |  | No            | 1                  | On Loan: No      |
| AECOM                                      | AECOM                                      | CUSIP: 00766T100<br>LEI: 0EEB8GF0W0NPCIHZX097 | Long             | EC               | CORP              | US        |      2827 | NS      | $353064.03    | 1.17%             |  |  |  | No            | 1                  | On Loan: No      |
| McKesson Corp                              | McKesson Corp                              | CUSIP: 58155Q103<br>LEI: 549300WZWOM80UCFSF54 | Long             | EC               | CORP              | US        |       359 | NS      | $246503.76    | 0.82%             |  |  |  | No            | 1                  | On Loan: No      |
| Berkshire Hathaway Inc                     | Berkshire Hathaway Inc                     | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |       559 | NS      | $281165.82    | 0.94%             |  |  |  | No            | 1                  | On Loan: No      |
| WESCO International Inc                    | WESCO International Inc                    | CUSIP: 95082P105<br>LEI: 529900TXOGREY3WNJ434 | Long             | EC               | CORP              | US        |      1565 | NS      | $344049.60    | 1.14%             |  |  |  | No            | 1                  | On Loan: —       |
| F5 Inc                                     | F5 Inc                                     | CUSIP: 315616102<br>LEI: 54930015FPK9KT966303 | Long             | EC               | CORP              | US        |       944 | NS      | $295604.16    | 0.98%             |  |  |  | No            | 1                  | On Loan: No      |
| Tenet Healthcare Corp                      | Tenet Healthcare Corp                      | CUSIP: 88033G407<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | EC               | CORP              | US        |      2069 | NS      | $381378.77    | 1.27%             |  |  |  | No            | 1                  | On Loan: No      |
| Regeneron Pharmaceuticals Inc              | Regeneron Pharmaceuticals Inc              | CUSIP: 75886F107<br>LEI: 549300RCBFWIRX3HYQ56 | Long             | EC               | CORP              | US        |       514 | NS      | $298479.80    | 0.99%             |  |  |  | No            | 1                  | On Loan: No      |
| Skechers USA Inc                           | Skechers USA Inc                           | CUSIP: 830566105<br>LEI: 529900D2R54KZPA4XR56 | Long             | EC               | CORP              | US        |      4438 | NS      | $279949.04    | 0.93%             |  |  |  | No            | 1                  | On Loan: No      |
| Jones Lang LaSalle Inc                     | Jones Lang LaSalle Inc                     | CUSIP: 48020Q107<br>LEI: 6SYKCME112RT8TQUO411 | Long             | EC               | CORP              | US        |      1040 | NS      | $317792.80    | 1.06%             |  |  |  | No            | 1                  | On Loan: No      |
| Affiliated Managers Group Inc              | Affiliated Managers Group Inc              | CUSIP: 008252108<br>LEI: 2JE75BUE3T1BLCYYGK54 | Long             | EC               | CORP              | US        |      1326 | NS      | $298111.32    | 0.99%             |  |  |  | No            | 1                  | On Loan: No      |
| Comfort Systems USA Inc                    | Comfort Systems USA Inc                    | CUSIP: 199908104<br>LEI: 5299009DT1ZA5HTU6R38 | Long             | EC               | CORP              | US        |       740 | NS      | $520501.20    | 1.73%             |  |  |  | No            | 1                  | On Loan: No      |
| Valmont Industries Inc                     | Valmont Industries Inc                     | CUSIP: 920253101<br>LEI: 5493009ZGZJJ8F77JN08 | Long             | EC               | CORP              | US        |       797 | NS      | $292594.64    | 0.97%             |  |  |  | No            | 1                  | On Loan: No      |
| Amazon.com Inc                             | Amazon.com Inc                             | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |       770 | NS      | $176330.00    | 0.59%             |  |  |  | No            | 1                  | On Loan: No      |
| Thermo Fisher Scientific Inc               | Thermo Fisher Scientific Inc               | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | EC               | CORP              | US        |       265 | NS      | $130570.80    | 0.43%             |  |  |  | No            | 1                  | On Loan: —       |
| Markel Group Inc                           | Markel Group Inc                           | CUSIP: 570535104<br>LEI: 549300SCNO12JLWIK605 | Long             | EC               | CORP              | US        |       154 | NS      | $301695.24    | 1.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Grand Canyon Education Inc                 | Grand Canyon Education Inc                 | CUSIP: 38526M106<br>LEI: 529900XFER799IYOSW74 | Long             | EC               | CORP              | US        |      1558 | NS      | $314046.06    | 1.04%             |  |  |  | No            | 1                  | On Loan: No      |
| Range Resources Corp                       | Range Resources Corp                       | CUSIP: 75281A109<br>LEI: H3Y3WLYCX0BTO1TRW162 | Long             | EC               | CORP              | US        |      7293 | NS      | $249931.11    | 0.83%             |  |  |  | No            | 1                  | On Loan: No      |
| Zurn Elkay Water Solutions Corp            | Zurn Elkay Water Solutions Corp            | CUSIP: 98983L108<br>LEI: 549300AM3633XDFU1Q85 | Long             | EC               | CORP              | US        |      7763 | NS      | $352129.68    | 1.17%             |  |  |  | No            | 1                  | On Loan: No      |
| Sterling Infrastructure Inc                | Sterling Infrastructure Inc                | CUSIP: 859241101<br>LEI: 549300RZIK6K1215XU51 | Long             | EC               | CORP              | US        |      2428 | NS      | $676270.84    | 2.25%             |  |  |  | No            | 1                  | On Loan: No      |
| Lithia Motors Inc                          | Lithia Motors Inc                          | CUSIP: 536797103<br>LEI: SE8N1EZEHPZQBCBVKD53 | Long             | EC               | CORP              | US        |       796 | NS      | $267997.28    | 0.89%             |  |  |  | No            | 1                  | On Loan: No      |
| FTI Consulting Inc                         | FTI Consulting Inc                         | CUSIP: 302941109<br>LEI: 549300K17GM8EQD0FQ48 | Long             | EC               | CORP              | US        |       592 | NS      | $99834.88     | 0.33%             |  |  |  | No            | 1                  | On Loan: No      |
| Cencora Inc                                | Cencora Inc                                | CUSIP: 03073E105<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | EC               | CORP              | US        |       878 | NS      | $256033.58    | 0.85%             |  |  |  | No            | 1                  | On Loan: No      |
| EPAM Systems Inc                           | EPAM Systems Inc                           | CUSIP: 29414B104<br>LEI: 549300XCR4R530HJP604 | Long             | EC               | CORP              | US        |      1748 | NS      | $308277.28    | 1.03%             |  |  |  | No            | 1                  | On Loan: No      |
| Meta Platforms Inc                         | Meta Platforms Inc                         | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |       406 | NS      | $299912.20    | 1.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Docusign Inc                               | Docusign Inc                               | CUSIP: 256163106<br>LEI: 549300Q7PVDWRZ39JG09 | Long             | EC               | CORP              | US        |      3373 | NS      | $258574.18    | 0.86%             |  |  |  | No            | 1                  | On Loan: No      |
| ACI Worldwide Inc                          | ACI Worldwide Inc                          | CUSIP: 004498101<br>LEI: 5493003BPVMZUJ6F5C02 | Long             | EC               | CORP              | US        |      5421 | NS      | $267526.35    | 0.89%             |  |  |  | No            | 1                  | On Loan: No      |
| Axos Financial Inc                         | Axos Financial Inc                         | CUSIP: 05465C100<br>LEI: 529900D8M56422GK9O25 | Long             | EC               | CORP              | US        |      3280 | NS      | $299168.80    | 1.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Expedia Group Inc                          | Expedia Group Inc                          | CUSIP: 30212P303<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1601 | NS      | $343894.80    | 1.14%             |  |  |  | No            | 1                  | On Loan: No      |
| Walt Disney Co/The                         | Walt Disney Co/The                         | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |      2491 | NS      | $294884.58    | 0.98%             |  |  |  | No            | 1                  | On Loan: No      |
| AMETEK Inc                                 | AMETEK Inc                                 | CUSIP: 031100100<br>LEI: 549300WZDEF9KKE40E98 | Long             | EC               | CORP              | US        |      1629 | NS      | $301039.20    | 1.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Adobe Inc                                  | Adobe Inc                                  | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               | CORP              | US        |       850 | NS      | $303195.00    | 1.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Gartner Inc                                | Gartner Inc                                | CUSIP: 366651107<br>LEI: PP55B5R38BFB8O8HH686 | Long             | EC               | CORP              | US        |      1237 | NS      | $310722.03    | 1.03%             |  |  |  | No            | 1                  | On Loan: No      |
| Group 1 Automotive Inc                     | Group 1 Automotive Inc                     | CUSIP: 398905109<br>LEI: 549300US8QAZJLWYAF63 | Long             | EC               | CORP              | US        |       597 | NS      | $277473.66    | 0.92%             |  |  |  | No            | 1                  | On Loan: No      |
| Aflac Inc                                  | Aflac Inc                                  | CUSIP: 001055102<br>LEI: 549300N0B7DOGLXWPP39 | Long             | EC               | CORP              | US        |      2234 | NS      | $238725.24    | 0.79%             |  |  |  | No            | 1                  | On Loan: No      |
| Applied Industrial Technologies Inc        | Applied Industrial Technologies Inc        | CUSIP: 03820C105<br>LEI: 549300NU173IJRC6PO38 | Long             | EC               | CORP              | US        |      1109 | NS      | $292310.22    | 0.97%             |  |  |  | No            | 1                  | On Loan: No      |
| Alaska Air Group Inc                       | Alaska Air Group Inc                       | CUSIP: 011659109<br>LEI: 529900G48RT4KWLC6C27 | Long             | EC               | CORP              | US        |      3861 | NS      | $242393.58    | 0.81%             |  |  |  | No            | 1                  | On Loan: No      |
| Advanced Micro Devices Inc                 | Advanced Micro Devices Inc                 | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               | CORP              | US        |      5242 | NS      | $852506.46    | 2.84%             |  |  |  | No            | 1                  | On Loan: No      |
| EMCOR Group Inc                            | EMCOR Group Inc                            | CUSIP: 29084Q100<br>LEI: 529900X0SQJB2J7YDU43 | Long             | EC               | CORP              | US        |       695 | NS      | $430900.00    | 1.43%             |  |  |  | No            | 1                  | On Loan: No      |
| AutoNation Inc                             | AutoNation Inc                             | CUSIP: 05329W102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1507 | NS      | $330153.56    | 1.10%             |  |  |  | No            | 1                  | On Loan: No      |
| Woodward Inc                               | Woodward Inc                               | CUSIP: 980745103<br>LEI: YPYKXXTR8TFDH54ZMB45 | Long             | EC               | CORP              | US        |      1334 | NS      | $329257.88    | 1.10%             |  |  |  | No            | 1                  | On Loan: No      |
| Westinghouse Air Brake Technologies Corp   | Westinghouse Air Brake Technologies Corp   | CUSIP: 929740108<br>LEI: 06BTX5UWZD0GQ5N5Y745 | Long             | EC               | CORP              | US        |      1514 | NS      | $292959.00    | 0.97%             |  |  |  | No            | 1                  | On Loan: No      |
| First Solar Inc                            | First Solar Inc                            | CUSIP: 336433107<br>LEI: 549300NPYMLM4NHTOF27 | Long             | EC               | CORP              | US        |      1555 | NS      | $303520.45    | 1.01%             |  |  |  | No            | 1                  | On Loan: No      |
| Pilgrim's Pride Corp                       | Pilgrim's Pride Corp                       | CUSIP: 72147K108<br>LEI: 549300ZSLGV64ZL3HD75 | Long             | EC               | CORP              | US        |      5122 | NS      | $227672.90    | 0.76%             |  |  |  | No            | 1                  | On Loan: No      |
| Globe Life Inc                             | Globe Life Inc                             | CUSIP: 37959E102<br>LEI: 5493001JFHKQOPP6XA71 | Long             | EC               | CORP              | US        |      2227 | NS      | $311668.65    | 1.04%             |  |  |  | No            | 1                  | On Loan: —       |
| First Citizens BancShares Inc/NC           | First Citizens BancShares Inc/NC           | CUSIP: 31946M103<br>LEI: 549300N3Z00ZHE2XC526 | Long             | EC               | CORP              | US        |       139 | NS      | $275763.49    | 0.92%             |  |  |  | No            | 1                  | On Loan: No      |
| Jabil Inc                                  | Jabil Inc                                  | CUSIP: 466313103<br>LEI: 5493000CGCQY2OQU7669 | Long             | EC               | CORP              | US        |      1749 | NS      | $358247.67    | 1.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Builders FirstSource Inc                   | Builders FirstSource Inc                   | CUSIP: 12008R107<br>LEI: 549300W0SKP6L3H7DP63 | Long             | EC               | CORP              | US        |       445 | NS      | $61712.60     | 0.21%             |  |  |  | No            | 1                  | On Loan: No      |
| Asbury Automotive Group Inc                | Asbury Automotive Group Inc                | CUSIP: 043436104<br>LEI: 549300JH4DTA7U42GL91 | Long             | EC               | CORP              | US        |       999 | NS      | $251288.46    | 0.84%             |  |  |  | No            | 1                  | On Loan: No      |
| Deckers Outdoor Corp                       | Deckers Outdoor Corp                       | CUSIP: 243537107<br>LEI: 5493008LG4W3I6K8J118 | Long             | EC               | CORP              | US        |      2591 | NS      | $309961.33    | 1.03%             |  |  |  | No            | 1                  | On Loan: No      |
| Urban Outfitters Inc                       | Urban Outfitters Inc                       | CUSIP: 917047102<br>LEI: 549300N3DUFR5U6NRN38 | Long             | EC               | CORP              | US        |      5248 | NS      | $352035.84    | 1.17%             |  |  |  | No            | 1                  | On Loan: No      |
| Teledyne Technologies Inc                  | Teledyne Technologies Inc                  | CUSIP: 879360105<br>LEI: 549300VSMO9KYQWDND94 | Long             | EC               | CORP              | US        |       557 | NS      | $299760.69    | 1.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Eli Lilly & Co                             | Eli Lilly & Co                             | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |       186 | NS      | $136259.88    | 0.45%             |  |  |  | No            | 1                  | On Loan: No      |
| Mattel Inc                                 | Mattel Inc                                 | CUSIP: 577081102<br>LEI: 549300VELLG24KHTJ564 | Long             | EC               | CORP              | US        |     16079 | NS      | $294245.70    | 0.98%             |  |  |  | No            | 1                  | On Loan: No      |
| Exelixis Inc                               | Exelixis Inc                               | CUSIP: 30161Q104<br>LEI: 254900PJQB59O2O95R37 | Long             | EC               | CORP              | US        |      7483 | NS      | $280013.86    | 0.93%             |  |  |  | No            | 1                  | On Loan: No      |
| NVR Inc                                    | NVR Inc                                    | CUSIP: 62944T105<br>LEI: 529900RWXR4JI3JYTV70 | Long             | EC               | CORP              | US        |        38 | NS      | $308470.70    | 1.03%             |  |  |  | No            | 1                  | On Loan: No      |
| PulteGroup Inc                             | PulteGroup Inc                             | CUSIP: 745867101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2310 | NS      | $304966.20    | 1.01%             |  |  |  | No            | 1                  | On Loan: No      |
| United Therapeutics Corp                   | United Therapeutics Corp                   | CUSIP: 91307C102<br>LEI: 5299005C4HZL4UWROC14 | Long             | EC               | CORP              | US        |       772 | NS      | $235274.72    | 0.78%             |  |  |  | No            | 1                  | On Loan: No      |

### Signature

**Date Signed:** 2025-08-29

**Name of Applicant:** EA Series Trust

**Signature:** /s/ Sean Hegarty

**Name of Signer:** Sean Hegarty

**Title:** Treasurer