# EDGAR Filing Document

**Accession Number:** 0001592900
**File Stem:** 0001592900-25-004388
**Filing Date:** 2025-12
**Character Count:** 45551
**Document Hash:** a5f69aa5a8f973fd3994c8d6666bf442
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001592900-25-004388.hdr.sgml**: 20251217

**ACCESSION NUMBER**: 0001592900-25-004388

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20251217

**DATE AS OF CHANGE**: 20251217

**PERIOD START**: 20260731

**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:** 251577850

**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

### Bushido Capital US SMID Cap Equity ETF (Series ID: S000091421)

| Class ID   | Class Name                             | Ticker Symbol   |
|:---|:---|:---|
| C000259086 | Bushido Capital US SMID Cap Equity ETF | RNIN            |

## Nport-Ex

---

| |
|:---|
| **BUSHIDO CAPITAL US SMID CAP EQUITY ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **October 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS - 50.6%** | **Shares** | **Value**  |
| **<u>Communication Services</u> - 3.6%** | |  |
| **Broadcasting - 1.4%** |  |  |
| Fox Corp. - Class A  | 26136 | $1689692 |
|  |  | $– |
| **Interactive Media & Services - 2.2%** |  |  |
| Match Group, Inc.  | 46440 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1501870 |
| Ziff Davis, Inc. <sup>(a)</sup> | 36012 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1220807 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2722677 |
| **Total Communication Services** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4412369 |
| **<u>Consumer Discretionary</u> - 9.3%** |  |  |
| **Apparel Retail - 0.9%** |  |  |
| Abercrombie & Fitch Co. - Class A <sup>(a)</sup> | 14388 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1043849 |
| Ross Stores, Inc.  | 525 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 83433 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1127282 |
| **Apparel, Accessories & Luxury Goods - 1.5%** |  |  |
| PVH Corp.  | 3869 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 303059 |
| Tapestry, Inc.  | 13056 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1433810 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1736869 |
| **Automotive Parts & Equipment - 1.2%** |  |  |
| Aptiv PLC <sup>(a)</sup> | 17826 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1445689 |
|  |  | $– |
| **Automotive Retail - 0.0%**<sup>(b)</sup> |  |  |
| AutoZone, Inc. <sup>(a)</sup> | 3 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11023 |
| **Homebuilding - 5.7%** |  |  |
| DR Horton, Inc.  | 9646 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1438026 |
| Lennar Corp. - Class A  | 11870 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1469150 |
| NVR, Inc. <sup>(a)</sup> | 197 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1420532 |
| PulteGroup, Inc.  | 12419 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1488665 |
| Taylor Morrison Home Corp. <sup>(a)</sup> | 18715 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1109238 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6925611 |
| **Total Consumer Discretionary** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11246474 |
| **<u>Consumer Staples</u> - 3.7%** |  |  |
| **Agricultural Products & Services - 1.3%** |  |  |
| Bunge Global SA  | 16077 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1520884 |
|  |  | $– |
| **Brewers - 1.2%** |  |  |
| Molson Coors Beverage Co. - Class B  | 32879 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1437470 |
| **Packaged Foods & Meats - 0.8%** |  |  |
| Cal-Maine Foods, Inc.  | 11413 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1002061 |
|  |  | $– |

---

------

---

| |
|:---|
| **BUSHIDO CAPITAL US SMID CAP EQUITY ETF** |
| **SCHEDULE OF INVESTMENTS (CONTINUED)** |
| **October 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS - 50.6% (CONTINUED)** | **Shares** | **Value**  |
| **Soft Drinks & Non-alcoholic Beverages - 0.4%** |  |  |
| Monster Beverage Corp. <sup>(a)</sup> | 7703 | $514792 |
| **Total Consumer Staples** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4475207 |
| **<u>Energy</u> - 11.9%** |  |  |
| **Coal & Consumable Fuels - 1.1%** |  |  |
| Core Natural Resources, Inc.  | 16823 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1329017 |
|  |  | $– |
| **Oil & Gas Equipment & Services - 3.9%** |  |  |
| NOV, Inc.  | 87888 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1283165 |
| SLB Ltd.  | 45595 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1644156 |
| Weatherford International PLC  | 23802 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1753969 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4681290 |
| **Oil & Gas Exploration & Production - 5.7%** |  |  |
| APA Corp.  | 63176 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1430936 |
| California Resources Corp.  | 25085 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1183259 |
| Chord Energy Corp.  | 11545 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1047362 |
| Civitas Resources, Inc.  | 39714 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1144955 |
| Gulfport Energy Corp. <sup>(a)</sup> | 5562 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1034588 |
| Permian Resources Corp.  | 81900 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1028664 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6869764 |
| **Oil & Gas Storage & Transportation - 1.2%** |  |  |
| International Seaways, Inc.  | 29435 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1507955 |
| **Total Energy** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14388026 |
| **<u>Financials</u> - 3.8%** |  |  |
| **Financial Exchanges & Data - 0.7%** |  |  |
| Intercontinental Exchange, Inc.  | 5707 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 834877 |
| **Insurance Brokers - 0.6%** |  |  |
| Brown & Brown, Inc.  | 9010 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 718457 |
|  |  | $– |
| **Reinsurance - 2.5%** |  |  |
| Everest Group Ltd.  | 4873 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1532656 |
| Reinsurance Group of America, Inc.  | 54 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9853 |
| RenaissanceRe Holdings Ltd.  | 5985 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1520729 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3063238 |
| **Total Financials** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4616572 |
| **<u>Health Care</u> - 6.3%** |  |  |
| **Health Care Distributors - 1.3%** |  |  |
| Henry Schein, Inc. <sup>(a)</sup> | 23934 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1512629 |

---

------

---

| |
|:---|
| **BUSHIDO CAPITAL US SMID CAP EQUITY ETF** |
| **SCHEDULE OF INVESTMENTS (CONTINUED)** |
| **October 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS - 50.6% (CONTINUED)** | **Shares** | **Value**  |
| **Health Care Facilities - 1.3%** |  |  |
| Universal Health Services, Inc. - Class B  | 7351 | $1595241 |
|  |  | $– |
| **Health Care Services - 1.2%** |  |  |
| DaVita, Inc. <sup>(a)</sup> | 11872 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1413005 |
| **Life Sciences Tools & Services - 0.3%** |  |  |
| Danaher Corp.  | 1879 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 404699 |
|  |  | $– |
| **Managed Health Care - 1.0%** |  |  |
| Molina Healthcare, Inc. <sup>(a)</sup> | 7750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1186215 |
| **Pharmaceuticals - 1.2%** |  |  |
| Jazz Pharmaceuticals PLC <sup>(a)</sup> | 10583 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1456644 |
| **Total Health Care** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7568433 |
| **<u>Industrials</u> - 3.9%** |  |  |
| **Air Freight & Logistics - 0.0%**<sup>(b)</sup> |  |  |
| Expeditors International of Washington, Inc.  | 171 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20845 |
| **Building Products - 1.2%** |  |  |
| Masco Corp.  | 21801 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1411833 |
|  |  | $– |
| **Industrial Machinery & Supplies & Components - 1.5%** |  |  |
| Symbotic, Inc. <sup>(a)</sup> | 21740 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1759853 |
| **Passenger Ground Transportation - 1.2%** |  |  |
| Lyft, Inc. - Class A <sup>(a)</sup> | 72971 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1492986 |
| **Total Industrials** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4685517 |
| **<u>Information Technology</u> - 5.5%** |  |  |
| **Application Software - 3.0%** |  |  |
| Clear Secure, Inc. - Class A  | 42447 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1293360 |
| Dropbox, Inc. - Class A <sup>(a)</sup> | 39419 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1143151 |
| RingCentral, Inc. - Class A <sup>(a)</sup> | 42518 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1280642 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3717153 |
| **Technology Hardware, Storage & Peripherals - 2.5%** |  |  |
| HP, Inc.  | 53927 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1492160 |
| NetApp, Inc.  | 12817 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1509587 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3001747 |
| **Total Information Technology** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6718900 |

---

------

---

| |
|:---|
| **BUSHIDO CAPITAL US SMID CAP EQUITY ETF** |
| **SCHEDULE OF INVESTMENTS (CONTINUED)** |
| **October 31, 2025 (Unaudited)** |

---

---

| | | | |
|:---|:---|:---|:---|
| **COMMON STOCKS - 50.6% (CONTINUED)** | **Shares** |  | **Value**  |
| **<u>Materials</u> - 2.6%** | | |  |
| **Fertilizers & Agricultural Chemicals - 1.3%** |  |  |  |
| CF Industries Holdings, Inc.  | 18341 |  | $1527622 |
| **Steel - 1.3%** |  |  |  |
| Steel Dynamics, Inc.  | 10070 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1578976 |
| **Total Materials** |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3106598 |
| **TOTAL COMMON STOCKS** (Cost $57,662,663) |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 61218096 |
| **EXCHANGE TRADED FUNDS - 49.2%** |  |  |  |
| Invesco RAFI US 1500 Small-Mid ETF  | 1903 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 86358 |
| iShares Core S&P Mid-Cap ETF  | 17234 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1119004 |
| iShares Core S&P Small-Cap ETF  | 9984 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1176115 |
| iShares Micro-Cap ETF  | 4185 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 653781 |
| iShares Russell 2000 ETF  | 10122 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2492340 |
| iShares Russell 2000 Value ETF  | 10925 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1935145 |
| iShares Russell 2500 ETF  | 6550 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 486010 |
| iShares Russell Mid-Cap ETF  | 7294 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 698473 |
| iShares S&P Mid-Cap 400 Value ETF  | 3343 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 427336 |
| iShares S&P Small-Cap 600 Value ETF  | 71032 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7827726 |
| iShares U.S. Small-Cap Equity Factor ETF  | 20206 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1499083 |
| Pacer US Cash Cows 100 ETF  | 1163 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 67384 |
| Schwab US Small-Cap ETF  | 4215 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 118315 |
| Vanguard Mid-Cap ETF  | 32781 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9536321 |
| Vanguard Mid-Cap Growth ETF  | 636 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 185648 |
| Vanguard Mid-Cap Value ETF  | 41025 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7070659 |
| Vanguard S&P Small-Cap 600 Value ETF  | 7310 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 694377 |
| Vanguard Small-Cap ETF  | 38238 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9750308 |
| Vanguard Small-Cap Value ETF  | 65713 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13570392 |
| VictoryShares Free Cash Flow ETF  | 4054 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 153322 |
| **TOTAL EXCHANGE TRADED FUNDS** (Cost $47,651,474) |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 59548097 |
| **SHORT-TERM INVESTMENTS** |  |  |  |
| **MONEY MARKET FUNDS - 0.2%** |  |  |  |
| First American Government Obligations Fund - Class X, 4.03% <sup>(c)</sup> | 284773 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 284773 |
| **TOTAL MONEY MARKET FUNDS** (Cost $284,773) |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 284773 |
| **TOTAL INVESTMENTS - 100.0% (**Cost $105,598,910**)** |  |  | $121050966 |
| Liabilities in Excess of Other Assets - (0.0)% <sup>(b)</sup> |  | (0.00018) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(22108) |
| **TOTAL NET ASSETS - 100.0%** |  |  | $121028858 |

---

Percentages are stated as a percent of net assets.

------

---

| |
|:---|
| **BUSHIDO CAPITAL US SMID CAP EQUITY ETF** |
| **SCHEDULE OF INVESTMENTS (CONTINUED)** |
| **October 31, 2025 (Unaudited)** |

---

PLC - Public Limited Company

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

(b) <br> Represents less than 0.05% or (0.05)% of net assets.

(c) <br> The rate shown represents the 7-day annualized yield as of October 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.

------

**BUSHIDO CAPITAL US SMID CAP EQUITY ETF**

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

Bushido Capital US SMID Cap Equity 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 October 31, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **DESCRIPTION** | **LEVEL 1** | **LEVEL 2** | **LEVEL 3** | **TOTAL** |
| **<u>Investments</u>** |  |  |  |  |
| Common Stocks | $61218096 | $— |  | $61218096 |
| &nbsp;&nbsp;Exchange Traded funds | 59548097 |  |  | 59548097 |
| &nbsp;&nbsp;&nbsp;&nbsp;Money Market Funds | 284773 |  |  | 284773 |
| **Total Investments** | $121050966 | $— | $— | $121050966 |

---

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

During the fiscal period ended October 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:** Bushido Capital US SMID Cap Equity ETF

- **b. EDGAR series identifier (if any):** S000091421

- **c. LEI of Series:** 5299000P8N8MVYNHW883

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

- **a. Date of fiscal year-end:** 2026-07-31

- **b. Date as of which information is reported:** 2025-10-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $123521927.70

**Total Liabilities:** $2493079.84

**Net Assets:** $121028847.86

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000259086 | 4.89%                | 0.35%                | -0.95%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-11106009.34            | $5311233.73                                |
| Month 2  | $0.00                    | $111446.92                                 |
| Month 3  | $11088603.27             | $-12140579.52                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| iShares S&P Mid-Cap 400 Value ETF          | iShares S&P Mid-Cap 400 Value ETF          | CUSIP: 464287705<br>LEI: N/A                  | Long             | EC               | RF                | US        |      3343 | NS      | $427335.69    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| DR Horton Inc                              | DR Horton Inc                              | CUSIP: 23331A109<br>LEI: 529900ZIUEYVSB8QDD25 | Long             | EC               | CORP              | US        |      9646 | NS      | $1438025.68   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Core S&P Small-Cap ETF             | iShares Core S&P Small-Cap ETF             | CUSIP: 464287804<br>LEI: N/A                  | Long             | EC               | RF                | US        |      9984 | NS      | $1176115.20   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Core S&P Mid-Cap ETF               | iShares Core S&P Mid-Cap ETF               | CUSIP: 464287507<br>LEI: N/A                  | Long             | EC               | RF                | US        |     17234 | NS      | $1119003.62   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Aptiv PLC                                  | Aptiv PLC                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JE        |     17826 | NS      | $1445688.60   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Bunge Global SA                            | Bunge Global SA                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | CH        |     16077 | NS      | $1520884.20   | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Weatherford International PLC              | Weatherford International PLC              | CUSIP: N/A<br>LEI: 529900LPBDSCQDJKHQ39       | Long             | EC               | CORP              | IE        |     23802 | NS      | $1753969.38   | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| International Seaways Inc                  | International Seaways Inc                  | CUSIP: N/A<br>LEI: 549300YUFDGFRNGBWF46       | Long             | EC               | CORP              | MH        |     29435 | NS      | $1507955.05   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Jazz Pharmaceuticals PLC                   | Jazz Pharmaceuticals PLC                   | CUSIP: N/A<br>LEI: 635400GAUMJCLEZRRV50       | Long             | EC               | CORP              | IE        |     10583 | NS      | $1456644.12   | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Everest Group Ltd                          | Everest Group Ltd                          | CUSIP: N/A<br>LEI: 549300N24XF2VV0B3570       | Long             | EC               | CORP              | BM        |      4873 | NS      | $1532655.96   | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| SLB Ltd                                    | SLB Ltd                                    | CUSIP: 806857108<br>LEI: 213800ZUA17OK3QLGM62 | Long             | EC               | CORP              | US        |     45595 | NS      | $1644155.70   | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| RenaissanceRe Holdings Ltd                 | RenaissanceRe Holdings Ltd                 | CUSIP: N/A<br>LEI: EK6GB9U3U58PDI411C94       | Long             | EC               | CORP              | BM        |      5985 | NS      | $1520728.65   | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Clear Secure Inc                           | Clear Secure Inc                           | CUSIP: 18467V109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     42447 | NS      | $1293360.09   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Gulfport Energy Corp                       | Gulfport Energy Corp                       | CUSIP: 402635502<br>LEI: 254900DJRGZBUZ3F5038 | Long             | EC               | CORP              | US        |      5562 | NS      | $1034587.62   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Symbotic Inc                               | Symbotic Inc                               | CUSIP: 87151X101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     21740 | NS      | $1759853.00   | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| APA Corp                                   | APA Corp                                   | CUSIP: 03743Q108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     63176 | NS      | $1430936.40   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Chord Energy Corp                          | Chord Energy Corp                          | CUSIP: 674215207<br>LEI: 529900FA4V2YNIKZ0M71 | Long             | EC               | CORP              | US        |     11545 | NS      | $1047362.40   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| California Resources Corp                  | California Resources Corp                  | CUSIP: 13057Q305<br>LEI: 5493003Q8F0T4F4YMR48 | Long             | EC               | CORP              | US        |     25085 | NS      | $1183259.45   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Schwab US Small-Cap ETF                    | Schwab US Small-Cap ETF                    | CUSIP: 808524607<br>LEI: 5493003UKSEZNILT8D61 | Long             | EC               | RF                | US        |      4215 | NS      | $118315.05    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Government Obligations Fund | First American Government Obligations Fund | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |    200805 | PA      | $200804.67    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| VictoryShares Free Cash Flow ETF           | VictoryShares Free Cash Flow ETF           | CUSIP: 92647X830<br>LEI: N/A                  | Long             | EC               | RF                | US        |      4054 | NS      | $153322.28    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Russell 2500 ETF                   | iShares Russell 2500 ETF                   | CUSIP: 46435G268<br>LEI: N/A                  | Long             | EC               | RF                | US        |      6550 | NS      | $486010.00    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Pacer US Cash Cows 100 ETF                 | Pacer US Cash Cows 100 ETF                 | CUSIP: 69374H881<br>LEI: N/A                  | Long             | EC               | RF                | US        |      1163 | NS      | $67384.22     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares U.S. Small-Cap Equity Factor ETF   | iShares U.S. Small-Cap Equity Factor ETF   | CUSIP: 46434V290<br>LEI: N/A                  | Long             | EC               | RF                | US        |     20206 | NS      | $1499083.14   | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard S&P Small-Cap 600 Value ETF       | Vanguard S&P Small-Cap 600 Value ETF       | CUSIP: 921932778<br>LEI: N/A                  | Long             | EC               | RF                | US        |      7310 | NS      | $694376.90    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Mid-Cap Value ETF                 | Vanguard Mid-Cap Value ETF                 | CUSIP: 922908512<br>LEI: N/A                  | Long             | EC               | RF                | US        |     41025 | NS      | $7070658.75   | 5.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Mid-Cap Growth ETF                | Vanguard Mid-Cap Growth ETF                | CUSIP: 922908538<br>LEI: N/A                  | Long             | EC               | RF                | US        |       636 | NS      | $185648.40    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares S&P Small-Cap 600 Value ETF        | iShares S&P Small-Cap 600 Value ETF        | CUSIP: 464287879<br>LEI: N/A                  | Long             | EC               | RF                | US        |     71032 | NS      | $7827726.40   | 6.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco RAFI US 1500 Small-Mid ETF         | Invesco RAFI US 1500 Small-Mid ETF         | CUSIP: 46137V597<br>LEI: N/A                  | Long             | EC               | RF                | US        |      1903 | NS      | $86358.14     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Russell Mid-Cap ETF                | iShares Russell Mid-Cap ETF                | CUSIP: 464287499<br>LEI: N/A                  | Long             | EC               | RF                | US        |      7294 | NS      | $698473.44    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Mid-Cap ETF                       | Vanguard Mid-Cap ETF                       | CUSIP: 922908629<br>LEI: N/A                  | Long             | EC               | RF                | US        |     32781 | NS      | $9536320.71   | 7.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Small-Cap Value ETF               | Vanguard Small-Cap Value ETF               | CUSIP: 922908611<br>LEI: N/A                  | Long             | EC               | RF                | US        |     65713 | NS      | $13570391.63  | 11.21%            |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Small-Cap ETF                     | Vanguard Small-Cap ETF                     | CUSIP: 922908751<br>LEI: N/A                  | Long             | EC               | RF                | US        |     38238 | NS      | $9750307.62   | 8.06%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Micro-Cap ETF                      | iShares Micro-Cap ETF                      | CUSIP: 464288869<br>LEI: N/A                  | Long             | EC               | RF                | US        |      4185 | NS      | $653780.70    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Russell 2000 ETF                   | iShares Russell 2000 ETF                   | CUSIP: 464287655<br>LEI: 549300O80OAR5VTWR172 | Long             | EC               | RF                | US        |     10122 | NS      | $2492340.06   | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| ISHARES RUSSELL 2000 VALUE INDEX FUND      | ISHARES RUSSELL 2000 VALUE INDEX FUND      | CUSIP: 464287630<br>LEI: 549300WJAJCAZZLTQD63 | Long             | EC               | RF                | US        |     10925 | NS      | $1935145.25   | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| NVR Inc                                    | NVR Inc                                    | CUSIP: 62944T105<br>LEI: 529900RWXR4JI3JYTV70 | Long             | EC               | CORP              | US        |       197 | NS      | $1420531.54   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| AutoZone Inc                               | AutoZone Inc                               | CUSIP: 053332102<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | EC               | CORP              | US        |         3 | NS      | $11023.29     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Intercontinental Exchange Inc              | Intercontinental Exchange Inc              | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |      5707 | NS      | $834877.03    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Tapestry Inc                               | Tapestry Inc                               | CUSIP: 876030107<br>LEI: 549300LJNVY5SW3VTN33 | Long             | EC               | CORP              | US        |     13056 | NS      | $1433809.92   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Brown & Brown Inc                          | Brown & Brown Inc                          | CUSIP: 115236101<br>LEI: 549300PC8KTJ71XKFY89 | Long             | EC               | CORP              | US        |      9010 | NS      | $718457.40    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| CF Industries Holdings Inc                 | CF Industries Holdings Inc                 | CUSIP: 125269100<br>LEI: 529900CG8YAQFZ2JMV97 | Long             | EC               | CORP              | US        |     18341 | NS      | $1527621.89   | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Ross Stores Inc                            | Ross Stores Inc                            | CUSIP: 778296103<br>LEI: 549300ENZFLPGRDFZQ60 | Long             | EC               | CORP              | US        |       525 | NS      | $83433.00     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Molson Coors Beverage Co                   | Molson Coors Beverage Co                   | CUSIP: 60871R209<br>LEI: 54930073LBBH6ZCBE225 | Long             | EC               | CORP              | US        |     32879 | NS      | $1437469.88   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| PVH Corp                                   | PVH Corp                                   | CUSIP: 693656100<br>LEI: 123WALMHY1GZXG2YDL90 | Long             | EC               | CORP              | US        |      3869 | NS      | $303058.77    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| PulteGroup Inc                             | PulteGroup Inc                             | CUSIP: 745867101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     12419 | NS      | $1488665.53   | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Fox Corp                                   | Fox Corp                                   | CUSIP: 35137L105<br>LEI: 549300DDU6FDRBIELS05 | Long             | EC               | CORP              | US        |     26136 | NS      | $1689692.40   | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Masco Corp                                 | Masco Corp                                 | CUSIP: 574599106<br>LEI: 5GCSNMQXHEYA1JO8QN11 | Long             | EC               | CORP              | US        |     21801 | NS      | $1411832.76   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Henry Schein Inc                           | Henry Schein Inc                           | CUSIP: 806407102<br>LEI: VGO3WGL8H45T73F4RR92 | Long             | EC               | CORP              | US        |     23934 | NS      | $1512628.80   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Lennar Corp                                | Lennar Corp                                | CUSIP: 526057104<br>LEI: 529900G61XVRLX5TJX09 | Long             | EC               | CORP              | US        |     11870 | NS      | $1469149.90   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| NOV Inc                                    | NOV Inc                                    | CUSIP: 62955J103<br>LEI: 549300EHF3IW1AR6U008 | Long             | EC               | CORP              | US        |     87888 | NS      | $1283164.80   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Expeditors International of Washington Inc | Expeditors International of Washington Inc | CUSIP: 302130109<br>LEI: 984500B055A804AB6E40 | Long             | EC               | CORP              | US        |       171 | NS      | $20844.90     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Danaher Corp                               | Danaher Corp                               | CUSIP: 235851102<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | EC               | CORP              | US        |      1879 | NS      | $404699.02    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Reinsurance Group of America Inc           | Reinsurance Group of America Inc           | CUSIP: 759351604<br>LEI: LORM1GNEU1DKEW527V90 | Long             | EC               | CORP              | US        |        54 | NS      | $9852.84      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Match Group Inc                            | Match Group Inc                            | CUSIP: 57667L107<br>LEI: 15OMOPB0A8K0EFUVD031 | Long             | EC               | CORP              | US        |     46440 | NS      | $1501869.60   | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Cal-Maine Foods Inc                        | Cal-Maine Foods Inc                        | CUSIP: 128030202<br>LEI: 549300NHE5WMIEIEMF53 | Long             | EC               | CORP              | US        |     11413 | NS      | $1002061.40   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Universal Health Services Inc              | Universal Health Services Inc              | CUSIP: 913903100<br>LEI: 549300YGMGQDO0NMJD09 | Long             | EC               | CORP              | US        |      7351 | NS      | $1595240.51   | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Core Natural Resources Inc                 | Core Natural Resources Inc                 | CUSIP: 218937100<br>LEI: 549300YJCTPJBTK7IJ81 | Long             | EC               | CORP              | US        |     16823 | NS      | $1329017.00   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Civitas Resources Inc                      | Civitas Resources Inc                      | CUSIP: 17888H103<br>LEI: IIVIHPH28S64K95M2381 | Long             | EC               | CORP              | US        |     39714 | NS      | $1144954.62   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Permian Resources Corp                     | Permian Resources Corp                     | CUSIP: 71424F105<br>LEI: 529900NXUJPOKU7OJ511 | Long             | EC               | CORP              | US        |     81900 | NS      | $1028664.00   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Monster Beverage Corp                      | Monster Beverage Corp                      | CUSIP: 61174X109<br>LEI: 52990090AP0E7HCB6F33 | Long             | EC               | CORP              | US        |      7703 | NS      | $514791.49    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Lyft Inc                                   | Lyft Inc                                   | CUSIP: 55087P104<br>LEI: 549300H7I5VN334XVZ52 | Long             | EC               | CORP              | US        |     72971 | NS      | $1492986.66   | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Taylor Morrison Home Corp                  | Taylor Morrison Home Corp                  | CUSIP: 87724P106<br>LEI: 5299009UDLLGLKOOJE30 | Long             | EC               | CORP              | US        |     18715 | NS      | $1109238.05   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Dropbox Inc                                | Dropbox Inc                                | CUSIP: 26210C104<br>LEI: 549300JCDF7UAR6TJR51 | Long             | EC               | CORP              | US        |     39419 | NS      | $1143151.00   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Molina Healthcare Inc                      | Molina Healthcare Inc                      | CUSIP: 60855R100<br>LEI: 549300NQQCEQ46YHZ591 | Long             | EC               | CORP              | US        |      7750 | NS      | $1186215.00   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| HP Inc                                     | HP Inc                                     | CUSIP: 40434L105<br>LEI: WHKXQACZ14C5XRO8LW03 | Long             | EC               | CORP              | US        |     53927 | NS      | $1492160.09   | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| RingCentral Inc                            | RingCentral Inc                            | CUSIP: 76680R206<br>LEI: 549300C8EH0H1614VE84 | Long             | EC               | CORP              | US        |     42518 | NS      | $1280642.16   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Steel Dynamics Inc                         | Steel Dynamics Inc                         | CUSIP: 858119100<br>LEI: 549300HGGKEL4FYTTQ83 | Long             | EC               | CORP              | US        |     10070 | NS      | $1578976.00   | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Abercrombie & Fitch Co                     | Abercrombie & Fitch Co                     | CUSIP: 002896207<br>LEI: 5493000J7LL72TOGT983 | Long             | EC               | CORP              | US        |     14388 | NS      | $1043849.40   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| NetApp Inc                                 | NetApp Inc                                 | CUSIP: 64110D104<br>LEI: QTX3D84DZDD5JYOCYH15 | Long             | EC               | CORP              | US        |     12817 | NS      | $1509586.26   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Ziff Davis Inc                             | Ziff Davis Inc                             | CUSIP: 48123V102<br>LEI: 5493008OJYGLHD7MXA18 | Long             | EC               | CORP              | US        |     36012 | NS      | $1220806.80   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| DAVITA INC                                 | DAVITA INC                                 | CUSIP: 23918K108<br>LEI: M2XHYMU3TZNEZURC6H66 | Long             | EC               | CORP              | US        |     11872 | NS      | $1413005.44   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-31

**Name of Applicant:** EA Series Trust

**Signature:** /s/ Sean Hegarty

**Name of Signer:** Sean Hegarty

**Title:** Treasurer