# EDGAR Filing Document

**Accession Number:** 0001592900
**File Stem:** 0001592900-25-004004
**Filing Date:** 2025-11
**Character Count:** 90636
**Document Hash:** 6648ff610ea7094c7d7ef810acd0332b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001592900-25-004004.hdr.sgml**: 20251126

**ACCESSION NUMBER**: 0001592900-25-004004

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251126

**DATE AS OF CHANGE**: 20251126

**PERIOD START**: 20260630

**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:** 251524664

**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

### Research Affiliates Deletions ETF (Series ID: S000086056)

| Class ID   | Class Name                        | Ticker Symbol   |
|:---|:---|:---|
| C000251456 | Research Affiliates Deletions ETF | NIXT            |

## Nport-Ex

---

| |
|:---|
| **RESEARCH AFFILIATES DELETIONS ETF** |
| **SCHEDULE OF INVESTMENTS** |
| **September 30, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS - 94.1%** | **Shares** | **Value**  |
| **<u>Communication Services</u> - 8.8%** | |  |
| **Alternative Carriers - 1.8%** |  |  |
| Cogent Communications Holdings, Inc.  | 3378 | $129546 |
| Iridium Communications, Inc.  | 7615 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 132958 |
| Lumen Technologies, Inc. <sup>(a)</sup> | 53188 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 325511 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 588015 |
| **Broadcasting - 0.9%** |  |  |
| Paramount Skydance Corp.  | 16288 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 308169 |
| **Cable & Satellite - 1.3%** |  |  |
| Cable One, Inc.  | 688 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 121810 |
| Liberty Broadband Corp. - Class C <sup>(a)</sup> | 2035 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 129304 |
| Sirius XM Holdings, Inc.  | 8579 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 199676 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 450790 |
| **Integrated Telecommunication Services - 0.0%**<sup>(b)</sup> |  |  |
| GCI Liberty, Inc. - Class C <sup>(a)</sup> | 407 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15169 |
| **Interactive Media & Services - 4.1%** |  |  |
| Bumble, Inc. - Class A <sup>(a)</sup> | 44420 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 270518 |
| IAC, Inc. <sup>(a)</sup> | 5261 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 179242 |
| Match Group, Inc.  | 6195 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 218808 |
| TripAdvisor, Inc. <sup>(a)</sup> | 15259 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 248111 |
| Ziff Davis, Inc. <sup>(a)</sup> | 6223 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 237096 |
| ZoomInfo Technologies, Inc. <sup>(a)</sup> | 22005 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 240075 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1393850 |
| **Movies & Entertainment - 0.7%** |  |  |
| Madison Square Garden Sports Corp. <sup>(a)</sup> | 998 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 226546 |
| **Total Communication Services** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2982539 |
| **<u>Consumer Discretionary</u> - 19.3%** |  |  |
| **Apparel Retail - 0.7%** |  |  |
| Abercrombie & Fitch Co. - Class A <sup>(a)</sup> | 2733 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 233808 |
| **Apparel, Accessories & Luxury Goods - 3.2%** |  |  |
| Capri Holdings Ltd. <sup>(a)</sup> | 12377 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 246550 |
| Carter's, Inc.  | 5560 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 156903 |
| Hanesbrands, Inc. <sup>(a)</sup> | 41723 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 274955 |
| Under Armour, Inc. - Class A <sup>(a)</sup> | 33170 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 165518 |
| VF Corp.  | 15469 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 223218 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1067144 |

---

------

---

| |
|:---|
| **RESEARCH AFFILIATES DELETIONS ETF** |
| **SCHEDULE OF INVESTMENTS (CONTINUED)** |
| **September 30, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS - 94.1% (CONTINUED)** | **Shares** | **Value**  |
| **Automotive Retail - 1.4%** |  |  |
| Advance Auto Parts, Inc.  | 5740 | $352436 |
| CarMax, Inc. <sup>(a)</sup> | 2841 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 127476 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 479912 |
| **Broadline Retail - 3.0%** |  |  |
| Etsy, Inc. <sup>(a)</sup> | 4325 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 287137 |
| Kohl's Corp.  | 27861 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 428223 |
| Macy's, Inc.  | 16745 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 300238 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1015598 |
| **Casinos & Gaming - 0.6%** |  |  |
| MGM Resorts International <sup>(a)</sup> | 6103 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 211530 |
| **Distributors - 1.0%** |  |  |
| LKQ Corp.  | 4810 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 146898 |
| Pool Corp.  | 645 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 199995 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 346893 |
| **Education Services - 0.7%** |  |  |
| Grand Canyon Education, Inc. <sup>(a)</sup> | 1032 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 226545 |
|  |  | $– |
| **Home Furnishings - 0.5%** |  |  |
| Leggett & Platt, Inc.  | 19100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 169608 |
| **Hotels, Resorts & Cruise Lines - 0.7%** |  |  |
| Marriott Vacations Worldwide Corp.  | 3398 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;226171 |
|  |  | $– |
| **Household Appliances - 0.5%** |  |  |
| Helen of Troy Ltd. <sup>(a)</sup> | 6596 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 166219 |
| **Housewares & Specialties - 0.6%** |  |  |
| Newell Brands, Inc.  | 39181 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 205308 |
|  |  | $– |
| **Leisure Products - 3.1%** |  |  |
| Brunswick Corp.  | 4121 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 260612 |
| Hasbro, Inc.  | 3100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 235135 |
| Polaris, Inc.  | 5603 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 325702 |
| YETI Holdings, Inc. <sup>(a)</sup> | 6438 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 213613 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1035062 |
| **Motorcycle Manufacturers - 0.7%** |  |  |
| Harley-Davidson, Inc.  | 8511 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 237457 |

---

------

---

| |
|:---|
| **RESEARCH AFFILIATES DELETIONS ETF** |
| **SCHEDULE OF INVESTMENTS (CONTINUED)** |
| **September 30, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS - 94.1% (CONTINUED)** | **Shares** | **Value**  |
| **Other Specialty Retail - 1.3%** |  |  |
| Academy Sports & Outdoors, Inc.  | 5045 | $252351 |
| Bath & Body Works, Inc.  | 6323 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 162880 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 415231 |
| **Restaurants - 0.4%** |  |  |
| Wendy's Co.  | 15393 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 141000 |
| **Specialized Consumer Services - 0.9%** |  |  |
| Frontdoor, Inc. <sup>(a)</sup> | 4581 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 308255 |
| **Total Consumer Discretionary** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6485741 |
| **<u>Consumer Staples</u> - 3.0%** |  |  |
| **Brewers - 0.5%** |  |  |
| Boston Beer Co., Inc. - Class A <sup>(a)</sup> | 750 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 158565 |
| **Packaged Foods & Meats - 1.8%** |  |  |
| Campbell's Co.  | 5040 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 159163 |
| Conagra Brands, Inc.  | 7438 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 136190 |
| Lamb Weston Holdings, Inc.  | 3482 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 202234 |
| Nomad Foods Ltd.  | 9192 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 120875 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 618462 |
| **Personal Care Products - 0.7%** |  |  |
| Herbalife Ltd. <sup>(a)</sup> | 26120 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 220453 |
| **Total Consumer Staples** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 997480 |
| **<u>Energy</u> - 4.9%** |  |  |
| **Oil & Gas Drilling - 0.5%** |  |  |
| Patterson-UTI Energy, Inc.  | 34009 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 176167 |
| **Oil & Gas Equipment & Services - 0.9%** |  |  |
| Weatherford International PLC  | 4545 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 311014 |
|  |  | $– |
| **Oil & Gas Exploration & Production - 1.4%** |  |  |
| Murphy Oil Corp.  | 9324 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 264895 |
| SM Energy Co.  | 8421 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 210272 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 475167 |
| **Oil & Gas Refining & Marketing - 2.1%** |  |  |
| CVR Energy, Inc.  | 9968 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 363633 |
| PBF Energy, Inc. - Class A  | 10950 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 330361 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 693994 |
| **Total Energy** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1656342 |

---

------

---

| |
|:---|
| **RESEARCH AFFILIATES DELETIONS ETF** |
| **SCHEDULE OF INVESTMENTS (CONTINUED)** |
| **September 30, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS - 94.1% (CONTINUED)** | **Shares** | **Value**  |
| **<u>Financials</u> - 5.7%** | |  |
| **Asset Management & Custody Banks - 0.7%** |  |  |
| Franklin Resources, Inc.  | 9797 | $226605 |
|  |  | $– |
| **Consumer Finance - 1.3%** |  |  |
| Ally Financial, Inc.  | 5659 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;221833 |
| Bread Financial Holdings, Inc.  | 3872 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 215941 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 437774 |
| **Diversified Financial Services - 0.6%** |  |  |
| Equitable Holdings, Inc.  | 3875 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 196772 |
| **Financial Exchanges & Data - 0.5%** |  |  |
| MarketAxess Holdings, Inc.  | 878 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 152992 |
|  |  | $– |
| **Property & Casualty Insurance - 0.5%** |  |  |
| CNA Financial Corp.  | 3817 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 177338 |
| **Regional Banks - 0.5%** |  |  |
| Flagstar Financial, Inc.  | 15693 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 181254 |
|  |  | $– |
| **Transaction & Payment Processing Services - 1.6%** |  |  |
| Jack Henry & Associates, Inc.  | 1060 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 157866 |
| Marqeta, Inc. - Class A <sup>(a)</sup> | 45556 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 240536 |
| Western Union Co.  | 18543 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 148158 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 546560 |
| **Total Financials** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1919295 |
| **<u>Health Care</u> - 17.8%** |  |  |
| **Biotechnology - 5.7%** |  |  |
| Apellis Pharmaceuticals, Inc. <sup>(a)</sup> | 9915 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 224377 |
| Arrowhead Pharmaceuticals, Inc. <sup>(a)</sup> | 13416 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 462718 |
| Denali Therapeutics, Inc. <sup>(a)</sup> | 11037 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 160257 |
| Immunovant, Inc. <sup>(a)</sup> | 11378 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 183413 |
| Intellia Therapeutics, Inc. <sup>(a)</sup> | 21631 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 373567 |
| Moderna, Inc. <sup>(a)</sup> | 6794 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 175489 |
| Viking Therapeutics, Inc. <sup>(a)</sup> | 6365 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 167272 |
| Vir Biotechnology, Inc. <sup>(a)</sup> | 30025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 171443 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1918536 |
| **Health Care Equipment - 3.2%** |  |  |
| Enovis Corp. <sup>(a)</sup> | 5312 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 161166 |
| Envista Holdings Corp. <sup>(a)</sup> | 11636 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 237025 |
| Integra LifeSciences Holdings Corp. <sup>(a)</sup> | 11213 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 160682 |
| Masimo Corp. <sup>(a)</sup> | 1201 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 177208 |

---

------

---

| |
|:---|
| **RESEARCH AFFILIATES DELETIONS ETF** |
| **SCHEDULE OF INVESTMENTS (CONTINUED)** |
| **September 30, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS - 94.1% (CONTINUED)** | **Shares** | **Value**  |
| **Health Care Equipment - 3.2% (Continued)** | | |
| Omnicell, Inc. <sup>(a)</sup> | 5880 | $179046 |
| Teleflex, Inc.  | 1342 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 164207 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1079334 |
| **Health Care Facilities - 1.8%** |  |  |
| Acadia Healthcare Co., Inc. <sup>(a)</sup> | 7855 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 194490 |
| Surgery Partners, Inc. <sup>(a)</sup> | 8775 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 189891 |
| Universal Health Services, Inc. - Class B  | 1088 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 222431 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 606812 |
| **Health Care Services - 0.9%** |  |  |
| agilon health, Inc. <sup>(a)</sup> | 43133 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 44427 |
| Premier, Inc. - Class A  | 9211 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 256066 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 300493 |
| **Health Care Supplies - 0.9%** |  |  |
| Dentsply Sirona, Inc.  | 13386 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 169868 |
| Haemonetics Corp. <sup>(a)</sup> | 3021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 147244 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 317112 |
| **Life Sciences Tools & Services - 4.6%** |  |  |
| Avantor, Inc. <sup>(a)</sup> | 14147 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 176555 |
| Azenta, Inc. <sup>(a)</sup> | 7160 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 205635 |
| Bio-Rad Laboratories, Inc. - Class A <sup>(a)</sup> | 778 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 218143 |
| Charles River Laboratories International, Inc. <sup>(a)</sup> | 1621 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 253622 |
| Maravai LifeSciences Holdings, Inc. - Class A <sup>(a)</sup> | 93315 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 267814 |
| Revvity, Inc.  | 1967 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 172408 |
| Sotera Health Co. <sup>(a)</sup> | 15980 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 251365 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1545542 |
| **Pharmaceuticals - 0.7%** |  |  |
| Viatris, Inc.  | 22777 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 225492 |
| **Total Health Care** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5993321 |
| **<u>Industrials</u> - 8.8%** |  |  |
| **Air Freight & Logistics - 0.8%** |  |  |
| CH Robinson Worldwide, Inc.  | 2113 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;279761 |
| **Cargo Ground Transportation - 0.6%** |  |  |
| Schneider National, Inc. - Class B  | 8739 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 184917 |
|  |  | $– |
| **Data Processing & Outsourced Services - 0.5%** |  |  |
| Concentrix Corp.  | 3758 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 173432 |
| **Electrical Components & Equipment - 2.8%** |  |  |
| Atkore, Inc.  | 2878 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 180566 |
| Plug Power, Inc. <sup>(a)</sup> | 213188 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 496728 |

---

------

---

| |
|:---|
| **RESEARCH AFFILIATES DELETIONS ETF** |
| **SCHEDULE OF INVESTMENTS (CONTINUED)** |
| **September 30, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS - 94.1% (CONTINUED)** | **Shares** | **Value**  |
| **Electrical Components & Equipment - 2.8% (Continued)** | | |
| Sensata Technologies Holding PLC  | 8923 | $272598 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 949892 |
| **Human Resource & Employment Services - 1.4%** |  |  |
| Alight, Inc. - Class A  | 35959 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 117226 |
| ManpowerGroup, Inc.  | 4266 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 161682 |
| Paycom Software, Inc.  | 851 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 177127 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 456035 |
| **Industrial Machinery & Supplies & Components - 0.7%** |  |  |
| Stanley Black & Decker, Inc.  | 3184 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 236667 |
| **Passenger Ground Transportation - 1.5%** |  |  |
| Avis Budget Group, Inc. <sup>(a)</sup> | 2035 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 326770 |
| Hertz Global Holdings, Inc. <sup>(a)</sup> | 26944 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 183219 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 509989 |
| **Research & Consulting Services - 0.5%** |  |  |
| Clarivate PLC <sup>(a)</sup> | 42633 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 163284 |
| **Total Industrials** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2953977 |
| **<u>Information Technology</u> - 15.9%** |  |  |
| **Application Software - 3.7%** |  |  |
| BlackLine, Inc. <sup>(a)</sup> | 3891 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 206612 |
| Dropbox, Inc. - Class A <sup>(a)</sup> | 6438 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 194492 |
| Five9, Inc. <sup>(a)</sup> | 7311 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 176926 |
| LiveRamp Holdings, Inc. <sup>(a)</sup> | 7361 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 199778 |
| NCR Voyix Corp. <sup>(a)</sup> | 21819 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 273828 |
| RingCentral, Inc. - Class A <sup>(a)</sup> | 7208 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 204275 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1255911 |
| **Communications Equipment - 1.5%** |  |  |
| Lumentum Holdings, Inc. <sup>(a)</sup> | 3179 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 517255 |
| **Electronic Manufacturing Services - 0.7%** |  |  |
| IPG Photonics Corp. <sup>(a)</sup> | 3148 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 249290 |
|  |  | $– |
| **Internet Services & Infrastructure - 0.5%** |  |  |
| Akamai Technologies, Inc. <sup>(a)</sup> | 2282 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 172884 |
| **IT Consulting & Other Services - 1.5%** |  |  |
| ASGN, Inc. <sup>(a)</sup> | 3648 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 172733 |
| DXC Technology Co. <sup>(a)</sup> | 11841 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 161393 |
| EPAM Systems, Inc. <sup>(a)</sup> | 1208 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 182154 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 516280 |

---

------

---

| |
|:---|
| **RESEARCH AFFILIATES DELETIONS ETF** |
| **SCHEDULE OF INVESTMENTS (CONTINUED)** |
| **September 30, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS - 94.1% (CONTINUED)** | **Shares** | **Value**  |
| **Semiconductor Materials & Equipment - 1.6%** |  |  |
| Axcelis Technologies, Inc. <sup>(a)</sup> | 3821 | $373082 |
| Enphase Energy, Inc. <sup>(a)</sup> | 4346 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 153805 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 526887 |
| **Semiconductors - 4.1%** |  |  |
| Qorvo, Inc. <sup>(a)</sup> | 2604 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 237172 |
| Semtech Corp. <sup>(a)</sup> | 6014 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 429700 |
| Silicon Laboratories, Inc. <sup>(a)</sup> | 1873 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 245607 |
| Skyworks Solutions, Inc.  | 2993 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 230401 |
| Synaptics, Inc. <sup>(a)</sup> | 3303 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 225727 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1368607 |
| **Systems Software - 1.2%** |  |  |
| Gen Digital, Inc.  | 7103 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 201654 |
| Teradata Corp. <sup>(a)</sup> | 8970 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 192945 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 394599 |
| **Technology Distributors - 0.6%** |  |  |
| Avnet, Inc.  | 3978 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 207970 |
| **Technology Hardware, Storage & Peripherals - 0.5%** |  |  |
| Xerox Holdings Corp.  | 42990 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 161643 |
| **Total Information Technology** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5371326 |
| **<u>Materials</u> - 6.9%** |  |  |
| **Commodity Chemicals - 1.1%** |  |  |
| Olin Corp.  | 8880 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 221911 |
| Westlake Corp.  | 1989 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 153273 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 375184 |
| **Diversified Chemicals - 1.1%** |  |  |
| Chemours Co.  | 14842 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 235097 |
| Huntsman Corp.  | 13805 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 123969 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 359066 |
| **Diversified Metals & Mining - 1.5%** |  |  |
| MP Materials Corp. <sup>(a)</sup> | 7756 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 520195 |
| **Fertilizers & Agricultural Chemicals - 1.7%** |  |  |
| FMC Corp.  | 4386 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 147501 |
| Mosaic Co.  | 6047 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 209710 |
| Scotts Miracle-Gro Co.  | 3648 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 207754 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 564965 |
| **Specialty Chemicals - 1.5%** |  |  |
| Ashland, Inc.  | 3487 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 167062 |
| Celanese Corp.  | 4318 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 181702 |

---

------

---

| |
|:---|
| **RESEARCH AFFILIATES DELETIONS ETF** |
| **SCHEDULE OF INVESTMENTS (CONTINUED)** |
| **September 30, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS - 94.1% (CONTINUED)** | **Shares** | **Value**  |
| **Specialty Chemicals - 1.5% (Continued)** | | |
| Eastman Chemical Co.  | 2388 | $150563.00 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 499327 |
| **Total Materials** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2318737 |
| **<u>Utilities</u> - 3.0%** |  |  |
| **Electric Utilities - 1.7%** |  |  |
| ALLETE, Inc.  | 2808 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 186451 |
| Hawaiian Electric Industries, Inc. <sup>(a)</sup> | 18328 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 202341 |
| Pinnacle West Capital Corp.  | 1933 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 173313 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 562105 |
| **Gas Utilities - 0.6%** |  |  |
| ONE Gas, Inc.  | 2341 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 189481 |
| **Independent Power Producers & Energy Traders - 0.7%** |  |  |
| AES Corp.  | 19189 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 252527 |
| **Total Utilities** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1004113 |
| **TOTAL COMMON STOCKS** (Cost $31,108,363) |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 31682871 |
| **REAL ESTATE INVESTMENT TRUSTS - 5.8%** |  |  |
| **<u>Financials</u> - 0.6%** |  |  |
| **Mortgage REITs - 0.6%** |  |  |
| Annaly Capital Management, Inc.  | 9377 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 189509 |
| **<u>Real Estate</u> - 5.2%** |  |  |
| **Hotel & Resort REITs - 0.7%** |  |  |
| Host Hotels & Resorts, Inc.  | 13276 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 225957 |
| **Office REITs - 4.0%** |  |  |
| BXP, Inc.  | 2919 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 216999 |
| Douglas Emmett, Inc.  | 13288 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 206894 |
| Highwoods Properties, Inc.  | 6720 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 213830 |
| JBG SMITH Properties  | 13428 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 298773 |
| SL Green Realty Corp.  | 3601 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 215376 |
| Vornado Realty Trust  | 5209 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 211121 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1362993 |
| **Single-Family Residential REITs - 0.5%** |  |  |
| Equity LifeStyle Properties, Inc.  | 2838 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;172267 |
| **Total Real Estate** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1761217 |
| **TOTAL REAL ESTATE INVESTMENT TRUSTS** (Cost $1,975,080) |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1950726 |

---

------

---

| |
|:---|
| **RESEARCH AFFILIATES DELETIONS ETF** |
| **SCHEDULE OF INVESTMENTS (CONTINUED)** |
| **September 30, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| **RIGHTS - 0.0%**<sup>(b)</sup> | **Shares** | **Value**  |
| Sycamore Partners LLC, Expires 08/28/2026, Exercise Price $3.00<sup>(a)(c)</sup> | 18042 | $— |
| **TOTAL RIGHTS** (Cost $0) |  |  |
| **SHORT-TERM INVESTMENTS** |  |  |
| **MONEY MARKET FUNDS - 0.1%** |  |  |
| First American Government Obligations Fund - Class X, 4.05%<sup>(d)</sup> | 29623 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29623 |
| **TOTAL MONEY MARKET FUNDS** (Cost $29,623) |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29623 |
| **TOTAL INVESTMENTS - 100.0% (**Cost $33,113,066**)** |  | $33663220 |
| Other Assets in Excess of Liabilities - 0.0% <sup>(b)</sup> |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;106 |
| **TOTAL NET ASSETS - 100.0%** |  | $33663326 |

---

Percentages are stated as a percent of net assets.

---

| |
|:---|
| LLC - Limited Liability Company |
| PLC - Public Limited Company |
| REIT - Real Estate Investment Trust |

---

(a) Non-income producing security.

(b) Represents less than 0.05% of net assets.

(c) Fair value determined using significant unobservable inputs in accordance with procedures established by and under the supervision of the Adviser, acting as Valuation Designee. These securities represented $0 or 0.0% of net assets as of September 30, 2025.

(d) The rate shown represents the 7-day annualized yield as of September 30, 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.

------

**RESEARCH AFFILIATES DELETIONS ETF**

**Summary of Fair Value Disclosures as of September 30, 2025 (Unaudited)**

Research Affiliates Deletions ETF (the "Fund") has adopted authoritative fair value accounting standards which establish an authoritative 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 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 would be based on the best information available.

The following is a summary of the fair valuation hierarchy of the Fund's securities as of September 30, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **DESCRIPTION** | **LEVEL 1** | **LEVEL 2** | **LEVEL 3** | **TOTAL** |
| **<u>Assets</u>** | | | | |
| Common Stocks | $31682871 | $— | $— | $31682871 |
| Real Estate Investment Trusts | 1950726 |  |  | 1950726 |
| Rights |  |  | 0<sup>(a)</sup> | 0 |
| Money Market Funds | 29623 |  |  | 29623 |
| **Total Investments** | $33663220 | $— | $0 | $33663220 |

---

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

(a) Management has decided that the amount of Level 3 securities compared to total net assets is not material to the Fund; therefore, the roll forward of Level 3 securities and assumptions are not shown for the current fiscal 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:** Research Affiliates Deletions ETF

- **b. EDGAR series identifier (if any):** S000086056

- **c. LEI of Series:** 5299003CTCOU0YWF8X03

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

- **a. Date of fiscal year-end:** 2026-06-30

- **b. Date as of which information is reported:** 2025-09-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $36275545.19

**Total Liabilities:** $2645.88

**Net Assets:** $36272899.31

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000251456 | 1.69%                | 5.56%                | 0.07%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1080103.88              | $420449.92                                 |
| Month 2  | $11909.37                | $1836070.49                                |
| Month 3  | $-265027.71              | $225060.60                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| YETI Holdings Inc                            | YETI Holdings Inc                            | CUSIP: 98585X104<br>LEI: 549300DSQICIGNT5GO63 | Long             | EC               | CORP              | US        |      6928 | NS      | $229871.04    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Chemours Co/The                              | Chemours Co/The                              | CUSIP: 163851108<br>LEI: 549300M1BOLNXL8DOV14 | Long             | EC               | CORP              | US        |     15992 | NS      | $253313.28    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Paycom Software Inc                          | Paycom Software Inc                          | CUSIP: 70432V102<br>LEI: 254900LSB0HNJUDC6Q18 | Long             | EC               | CORP              | US        |       911 | NS      | $189615.54    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Broadband Corp                       | Liberty Broadband Corp                       | CUSIP: 530307305<br>LEI: 549300MIX43II8JLN536 | Long             | EC               | CORP              | US        |      2185 | NS      | $138834.90    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Viking Therapeutics Inc                      | Viking Therapeutics Inc                      | CUSIP: 92686J106<br>LEI: 529900IVC72YPFA25M37 | Long             | EC               | CORP              | US        |      6855 | NS      | $180149.40    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Lumentum Holdings Inc                        | Lumentum Holdings Inc                        | CUSIP: 55024U109<br>LEI: 549300JLWRRC38DWEF52 | Long             | EC               | CORP              | US        |      3419 | NS      | $556305.49    | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Madison Square Garden Sports Corp            | Madison Square Garden Sports Corp            | CUSIP: 55825T103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1068 | NS      | $242436.00    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Intellia Therapeutics Inc                    | Intellia Therapeutics Inc                    | CUSIP: 45826J105<br>LEI: 5493002T5BCPE5DZC723 | Long             | EC               | CORP              | US        |     23301 | NS      | $402408.27    | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| ONE Gas Inc                                  | ONE Gas Inc                                  | CUSIP: 68235P108<br>LEI: 549300HXDWI0LATTX840 | Long             | EC               | CORP              | US        |      2521 | NS      | $204049.74    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Apellis Pharmaceuticals Inc                  | Apellis Pharmaceuticals Inc                  | CUSIP: 03753U106<br>LEI: 254900HS0ZFRXXSB9D42 | Long             | EC               | CORP              | US        |     10675 | NS      | $241575.25    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Qorvo Inc                                    | Qorvo Inc                                    | CUSIP: 74736K101<br>LEI: 254900YAUJV2EUEVBR11 | Long             | EC               | CORP              | US        |      2804 | NS      | $255388.32    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Sotera Health Co                             | Sotera Health Co                             | CUSIP: 83601L102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     17210 | NS      | $270713.30    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Denali Therapeutics Inc                      | Denali Therapeutics Inc                      | CUSIP: 24823R105<br>LEI: 549300ZTQ2HO18L3Q830 | Long             | EC               | CORP              | US        |     11887 | NS      | $172599.24    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Surgery Partners Inc                         | Surgery Partners Inc                         | CUSIP: 86881A100<br>LEI: 549300LC82HG33S19I03 | Long             | EC               | CORP              | US        |      9455 | NS      | $204606.20    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Ashland Inc                                  | Ashland Inc                                  | CUSIP: 044186104<br>LEI: 529900E4L9R04SB8HB11 | Long             | EC               | CORP              | US        |      3747 | NS      | $179518.77    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Marriott Vacations Worldwide Corp            | Marriott Vacations Worldwide Corp            | CUSIP: 57164Y107<br>LEI: 549300WA6BT5H4F7IO94 | Long             | EC               | CORP              | US        |      3658 | NS      | $243476.48    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| DXC Technology Co                            | DXC Technology Co                            | CUSIP: 23355L106<br>LEI: 549300DOVZ3EDJB7O259 | Long             | EC               | CORP              | US        |     12751 | NS      | $173796.13    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Avantor Inc                                  | Avantor Inc                                  | CUSIP: 05352A100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     15237 | NS      | $190157.76    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Alight Inc                                   | Alight Inc                                   | CUSIP: 01626W101<br>LEI: 549300600ESCO1HTVN74 | Long             | EC               | CORP              | US        |     38739 | NS      | $126289.14    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Teradata Corp                                | Teradata Corp                                | CUSIP: 88076W103<br>LEI: 549300JU9SOUHV4U4R71 | Long             | EC               | CORP              | US        |      9660 | NS      | $207786.60    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| RingCentral Inc                              | RingCentral Inc                              | CUSIP: 76680R206<br>LEI: 549300C8EH0H1614VE84 | Long             | EC               | CORP              | US        |      7758 | NS      | $219861.72    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Celanese Corp                                | Celanese Corp                                | CUSIP: 150870103<br>LEI: 549300FHJQTDPPN41627 | Long             | EC               | CORP              | US        |      4648 | NS      | $195587.84    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Skyworks Solutions Inc                       | Skyworks Solutions Inc                       | CUSIP: 83088M102<br>LEI: 549300WZ3ORQ2BVKBD96 | Long             | EC               | CORP              | US        |      3223 | NS      | $248106.54    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| EPAM Systems Inc                             | EPAM Systems Inc                             | CUSIP: 29414B104<br>LEI: 549300XCR4R530HJP604 | Long             | EC               | CORP              | US        |      1298 | NS      | $195725.42    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Etsy Inc                                     | Etsy Inc                                     | CUSIP: 29786A106<br>LEI: 54930089Q7XT501AEA40 | Long             | EC               | CORP              | US        |      4655 | NS      | $309045.45    | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Huntsman Corp                                | Huntsman Corp                                | CUSIP: 447011107<br>LEI: 5299000V56320A7RIQ67 | Long             | EC               | CORP              | US        |     14875 | NS      | $133577.50    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| LKQ Corp                                     | LKQ Corp                                     | CUSIP: 501889208<br>LEI: DS830JTTZQN6GK0I2E41 | Long             | EC               | CORP              | US        |      5180 | NS      | $158197.20    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Westlake Corp                                | Westlake Corp                                | CUSIP: 960413102<br>LEI: GOXNEVUM0LL78B1OS344 | Long             | EC               | CORP              | US        |      2139 | NS      | $164831.34    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| CVR Energy Inc                               | CVR Energy Inc                               | CUSIP: 12662P108<br>LEI: 529900SOYZIXZBTXB558 | Long             | EC               | CORP              | US        |     10738 | NS      | $391722.24    | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Atkore Inc                                   | Atkore Inc                                   | CUSIP: 047649108<br>LEI: 52990002TI38AM4RPV48 | Long             | EC               | CORP              | US        |      3098 | NS      | $194368.52    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Moderna Inc                                  | Moderna Inc                                  | CUSIP: 60770K107<br>LEI: 549300EI6OKH5K5Q2G38 | Long             | EC               | CORP              | US        |      7314 | NS      | $188920.62    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Iridium Communications Inc                   | Iridium Communications Inc                   | CUSIP: 46269C102<br>LEI: 549300U620NVQ4J1CT96 | Long             | EC               | CORP              | US        |      8205 | NS      | $143259.30    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Dropbox Inc                                  | Dropbox Inc                                  | CUSIP: 26210C104<br>LEI: 549300JCDF7UAR6TJR51 | Long             | EC               | CORP              | US        |      6928 | NS      | $209294.88    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Concentrix Corp                              | Concentrix Corp                              | CUSIP: 20602D101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4048 | NS      | $186815.20    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Five9 Inc                                    | Five9 Inc                                    | CUSIP: 338307101<br>LEI: 254900MXP6EWY0SFFR59 | Long             | EC               | CORP              | US        |      7871 | NS      | $190478.20    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| TripAdvisor Inc                              | TripAdvisor Inc                              | CUSIP: 896945201<br>LEI: 549300XVG45PT5BART17 | Long             | EC               | CORP              | US        |     16439 | NS      | $267298.14    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Enphase Energy Inc                           | Enphase Energy Inc                           | CUSIP: 29355A107<br>LEI: 5493008U7KIGMI59Z314 | Long             | EC               | CORP              | US        |      4676 | NS      | $165483.64    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| PBF Energy Inc                               | PBF Energy Inc                               | CUSIP: 69318G106<br>LEI: 2549003PBEDCSZMZIY02 | Long             | EC               | CORP              | US        |     11790 | NS      | $355704.30    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackLine Inc                                | BlackLine Inc                                | CUSIP: 09239B109<br>LEI: 529900P9N7PK9LV5EK56 | Long             | EC               | CORP              | US        |      4191 | NS      | $222542.10    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Lamb Weston Holdings Inc                     | Lamb Weston Holdings Inc                     | CUSIP: 513272104<br>LEI: 5493005SMYID1D2OY946 | Long             | EC               | CORP              | US        |      3742 | NS      | $217335.36    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Host Hotels & Resorts Inc                    | Host Hotels & Resorts Inc                    | CUSIP: 44107P104<br>LEI: N6EL63S0K3PB1YFTDI24 | Long             | RE               | RF                | US        |     14296 | NS      | $243317.92    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Helen of Troy Ltd                            | Helen of Troy Ltd                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BM        |      7106 | NS      | $179071.20    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Herbalife Ltd                                | Herbalife Ltd                                | CUSIP: N/A<br>LEI: 549300BA7TYPBSZZIA41       | Long             | EC               | CORP              | KY        |     28140 | NS      | $237501.60    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| CAPRI HOLDINGS LTD                           | CAPRI HOLDINGS LTD                           | CUSIP: N/A<br>LEI: 549300LPG8W0H1OX3A26       | Long             | EC               | CORP              | VG        |     13327 | NS      | $265473.84    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Nomad Foods Ltd                              | Nomad Foods Ltd                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | VG        |      9902 | NS      | $130211.30    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Sensata Technologies Holding PLC             | Sensata Technologies Holding PLC             | CUSIP: N/A<br>LEI: 529900MS7KFYCY9MS037       | Long             | EC               | CORP              | GB        |      9613 | NS      | $293677.15    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Clarivate PLC                                | Clarivate PLC                                | CUSIP: N/A<br>LEI: 549300WDHIIODXFO0R55       | Long             | EC               | CORP              | JE        |     45933 | NS      | $175923.39    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Weatherford International PLC                | Weatherford International PLC                | CUSIP: N/A<br>LEI: 529900LPBDSCQDJKHQ39       | Long             | EC               | CORP              | IE        |      4895 | NS      | $334964.85    | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Equity LifeStyle Properties Inc              | Equity LifeStyle Properties Inc              | CUSIP: 29472R108<br>LEI: 529900PEQG66LENB6798 | Long             | RE               | RF                | US        |      3058 | NS      | $185620.60    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Annaly Capital Management Inc                | Annaly Capital Management Inc                | CUSIP: 035710839<br>LEI: 2DTL0G3FPRYUT58TI025 | Long             | RE               | RF                | US        |     10097 | NS      | $204060.37    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| GCI Liberty Inc                              | GCI Liberty Inc                              | CUSIP: 36164V800<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       437 | NS      | $16286.99     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| BXP Inc                                      | BXP Inc                                      | CUSIP: 101121101<br>LEI: 549300OF70FSEUQBT254 | Long             | RE               | RF                | US        |      3139 | NS      | $233353.26    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| SL Green Realty Corp                         | SL Green Realty Corp                         | CUSIP: 78440X887<br>LEI: 549300VQZPJU97H3GT17 | Long             | RE               | RF                | US        |      3871 | NS      | $231524.51    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Vornado Realty Trust                         | Vornado Realty Trust                         | CUSIP: 929042109<br>LEI: N/A                  | Long             | RE               | RF                | US        |      5609 | NS      | $227332.77    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Highwoods Properties Inc                     | Highwoods Properties Inc                     | CUSIP: 431284108<br>LEI: ZIIGTYKL9T0X3HLTDX53 | Long             | RE               | RF                | US        |      7240 | NS      | $230376.80    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Douglas Emmett Inc                           | Douglas Emmett Inc                           | CUSIP: 25960P109<br>LEI: N/A                  | Long             | RE               | RF                | US        |     14318 | NS      | $222931.26    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| JBG SMITH Properties                         | JBG SMITH Properties                         | CUSIP: 46590V100<br>LEI: N/A                  | Long             | RE               | RF                | US        |     14468 | NS      | $321913.00    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| SYCAMORE PARTNERS LLC -RIGHT                 | SYCAMORE PARTNERS LLC -RIGHT                 | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |     18042 | NC      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| First American Government Obligations Fund   | First American Government Obligations Fund   | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |    146641 | PA      | $146641.01    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| NCR Voyix Corp                               | NCR Voyix Corp                               | CUSIP: 62886E108<br>LEI: 549300YKTY8JX1DV2R67 | Long             | EC               | CORP              | US        |     23509 | NS      | $295037.95    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Match Group Inc                              | Match Group Inc                              | CUSIP: 57667L107<br>LEI: 15OMOPB0A8K0EFUVD031 | Long             | EC               | CORP              | US        |      6675 | NS      | $235761.00    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Frontdoor Inc                                | Frontdoor Inc                                | CUSIP: 35905A109<br>LEI: 5493008RB0JZJI3QGZ06 | Long             | EC               | CORP              | US        |      4931 | NS      | $331806.99    | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| agilon health Inc                            | agilon health Inc                            | CUSIP: 00857U107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     46473 | NS      | $47867.19     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| EQUITABLE HLDGS INC COM                      | EQUITABLE HLDGS INC COM                      | CUSIP: 29452E101<br>LEI: 549300FIBAKMNHPZ4009 | Long             | EC               | CORP              | US        |      4175 | NS      | $212006.50    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Envista Holdings Corp                        | Envista Holdings Corp                        | CUSIP: 29415F104<br>LEI: 549300BX623VURJZ5269 | Long             | EC               | CORP              | US        |     12536 | NS      | $255358.32    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Xerox Holdings Corp                          | Xerox Holdings Corp                          | CUSIP: 98421M106<br>LEI: 5493000Y33XDVO2CXC18 | Long             | EC               | CORP              | US        |     46320 | NS      | $174163.20    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Immunovant Inc                               | Immunovant Inc                               | CUSIP: 45258J102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     12258 | NS      | $197598.96    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| ZoomInfo Technologies Inc                    | ZoomInfo Technologies Inc                    | CUSIP: 98980F104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     23705 | NS      | $258621.55    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| IAC Inc                                      | IAC Inc                                      | CUSIP: 44891N208<br>LEI: 549300TO56L57RP6P031 | Long             | EC               | CORP              | US        |      5661 | NS      | $192870.27    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| MP Materials Corp                            | MP Materials Corp                            | CUSIP: 553368101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8356 | NS      | $560436.92    | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Vir Biotechnology Inc                        | Vir Biotechnology Inc                        | CUSIP: 92764N102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     32345 | NS      | $184689.95    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Academy Sports & Outdoors Inc                | Academy Sports & Outdoors Inc                | CUSIP: 00402L107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5435 | NS      | $271858.70    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Maravai LifeSciences Holdings Inc            | Maravai LifeSciences Holdings Inc            | CUSIP: 56600D107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    100545 | NS      | $288564.15    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Viatris Inc                                  | Viatris Inc                                  | CUSIP: 92556V106<br>LEI: 254900ZZTSW7NL773X71 | Long             | EC               | CORP              | US        |     24537 | NS      | $242916.30    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Bumble Inc                                   | Bumble Inc                                   | CUSIP: 12047B105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     47860 | NS      | $291467.40    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Marqeta Inc                                  | Marqeta Inc                                  | CUSIP: 57142B104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     49086 | NS      | $259174.08    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Hertz Global Holdings Inc                    | Hertz Global Holdings Inc                    | CUSIP: 42806J700<br>LEI: 549300NBK3K85MH1EX16 | Long             | EC               | CORP              | US        |     29024 | NS      | $197363.20    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Sirius XM Holdings Inc                       | Sirius XM Holdings Inc                       | CUSIP: 829933100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9239 | NS      | $215037.73    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Paramount Skydance Corp                      | Paramount Skydance Corp                      | CUSIP: 69932A204<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     17548 | NS      | $332008.16    | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Leggett & Platt Inc                          | Leggett & Platt Inc                          | CUSIP: 524660107<br>LEI: DKOVQUCDW4ZLYCUD4T55 | Long             | EC               | CORP              | US        |     20580 | NS      | $182750.40    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| FMC Corp                                     | FMC Corp                                     | CUSIP: 302491303<br>LEI: CKDHZ2X64EEBQCSP7013 | Long             | EC               | CORP              | US        |      4716 | NS      | $158599.08    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Akamai Technologies Inc                      | Akamai Technologies Inc                      | CUSIP: 00971T101<br>LEI: OC1LZNN2LF5WTJ5RIL89 | Long             | EC               | CORP              | US        |      2452 | NS      | $185763.52    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Hasbro Inc                                   | Hasbro Inc                                   | CUSIP: 418056107<br>LEI: 549300NUB6D2R1ITYR45 | Long             | EC               | CORP              | US        |      3340 | NS      | $253339.00    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Patterson-UTI Energy Inc                     | Patterson-UTI Energy Inc                     | CUSIP: 703481101<br>LEI: 254900XGFBKIXD6G0697 | Long             | EC               | CORP              | US        |     36639 | NS      | $189790.02    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Harley-Davidson Inc                          | Harley-Davidson Inc                          | CUSIP: 412822108<br>LEI: ZDNAWZWXIKMWI51R2A08 | Long             | EC               | CORP              | US        |      9161 | NS      | $255591.90    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Hawaiian Electric Industries Inc             | Hawaiian Electric Industries Inc             | CUSIP: 419870100<br>LEI: JJ8FWOCWCV22X7GUPJ23 | Long             | EC               | CORP              | US        |     19748 | NS      | $218017.92    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| CarMax Inc                                   | CarMax Inc                                   | CUSIP: 143130102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3061 | NS      | $137347.07    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Eastman Chemical Co                          | Eastman Chemical Co                          | CUSIP: 277432100<br>LEI: FDPVHDGJ1IQZFK9KH630 | Long             | EC               | CORP              | US        |      2568 | NS      | $161912.40    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Jack Henry & Associates Inc                  | Jack Henry & Associates Inc                  | CUSIP: 426281101<br>LEI: 529900X1QS8C54W0JB21 | Long             | EC               | CORP              | US        |      1140 | NS      | $169780.20    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| MarketAxess Holdings Inc                     | MarketAxess Holdings Inc                     | CUSIP: 57060D108<br>LEI: 5493002U1CA1XJOVID83 | Long             | EC               | CORP              | US        |       938 | NS      | $163446.50    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Bath & Body Works Inc                        | Bath & Body Works Inc                        | CUSIP: 070830104<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | EC               | CORP              | US        |      6813 | NS      | $175502.88    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| ManpowerGroup Inc                            | ManpowerGroup Inc                            | CUSIP: 56418H100<br>LEI: ERO1WSFOSR0JJ6CRQ987 | Long             | EC               | CORP              | US        |      4596 | NS      | $174188.40    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Murphy Oil Corp                              | Murphy Oil Corp                              | CUSIP: 626717102<br>LEI: QBKYQD0ODE7DC7PDIN91 | Long             | EC               | CORP              | US        |     10044 | NS      | $285350.04    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| NEWELL BRANDS INC                            | NEWELL BRANDS INC                            | CUSIP: 651229106<br>LEI: 549300LWGYFM1TVO1Z12 | Long             | EC               | CORP              | US        |     42211 | NS      | $221185.64    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Olin Corp                                    | Olin Corp                                    | CUSIP: 680665205<br>LEI: 549300GKK294V7W57P06 | Long             | EC               | CORP              | US        |      9560 | NS      | $238904.40    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Synaptics Inc                                | Synaptics Inc                                | CUSIP: 87157D109<br>LEI: 549300AJ3LI4FWNRQX29 | Long             | EC               | CORP              | US        |      3553 | NS      | $242812.02    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Pinnacle West Capital Corp                   | Pinnacle West Capital Corp                   | CUSIP: 723484101<br>LEI: TWSEY0NEDUDCKS27AH81 | Long             | EC               | CORP              | US        |      2073 | NS      | $185865.18    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Arrowhead Pharmaceuticals Inc                | Arrowhead Pharmaceuticals Inc                | CUSIP: 04280A100<br>LEI: 549300O3CSB8T7OZ3D66 | Long             | EC               | CORP              | US        |     14456 | NS      | $498587.44    | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Scotts Miracle-Gro Co/The                    | Scotts Miracle-Gro Co/The                    | CUSIP: 810186106<br>LEI: 2TH9E0JTOUXOEGI2R879 | Long             | EC               | CORP              | US        |      3928 | NS      | $223699.60    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| CONAGRA BRANDS INC                           | CONAGRA BRANDS INC                           | CUSIP: 205887102<br>LEI: 54930035UDEIH090K650 | Long             | EC               | CORP              | US        |      8008 | NS      | $146626.48    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| LiveRamp Holdings Inc                        | LiveRamp Holdings Inc                        | CUSIP: 53815P108<br>LEI: 254900GXS75LG1X7RF88 | Long             | EC               | CORP              | US        |      7931 | NS      | $215247.34    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Union Co/The                         | Western Union Co/The                         | CUSIP: 959802109<br>LEI: 28ID94QU1140NC23S047 | Long             | EC               | CORP              | US        |     19973 | NS      | $159584.27    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Silicon Laboratories Inc                     | Silicon Laboratories Inc                     | CUSIP: 826919102<br>LEI: 4PRDF8Q9TDHRVZKZSZ47 | Long             | EC               | CORP              | US        |      2013 | NS      | $263964.69    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Ally Financial Inc                           | Ally Financial Inc                           | CUSIP: 02005N100<br>LEI: 549300JBN1OSM8YNAI90 | Long             | EC               | CORP              | US        |      6089 | NS      | $238688.80    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Avnet Inc                                    | Avnet Inc                                    | CUSIP: 053807103<br>LEI: XJI53DCPL7QABOWK4Z75 | Long             | EC               | CORP              | US        |      4278 | NS      | $223653.84    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Pool Corp                                    | Pool Corp                                    | CUSIP: 73278L105<br>LEI: 5493005VZK1KMN6CO617 | Long             | EC               | CORP              | US        |       695 | NS      | $215498.65    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Brunswick Corp/DE                            | Brunswick Corp/DE                            | CUSIP: 117043109<br>LEI: YM4O38W15AX4YLLQKU27 | Long             | EC               | CORP              | US        |      4431 | NS      | $280216.44    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Boston Beer Co Inc/The                       | Boston Beer Co Inc/The                       | CUSIP: 100557107<br>LEI: 529900Q02MQ0DCQNRM58 | Long             | EC               | CORP              | US        |       800 | NS      | $169136.00    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Franklin Resources Inc                       | Franklin Resources Inc                       | CUSIP: 354613101<br>LEI: RIFQSET379FOGTEFKS80 | Long             | EC               | CORP              | US        |     10547 | NS      | $243952.11    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Premier Inc                                  | Premier Inc                                  | CUSIP: 74051N102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9921 | NS      | $275803.80    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Bread Financial Holdings Inc                 | Bread Financial Holdings Inc                 | CUSIP: 018581108<br>LEI: 549300G8S4PO686J7H97 | Long             | EC               | CORP              | US        |      4172 | NS      | $232672.44    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| SM Energy Co                                 | SM Energy Co                                 | CUSIP: 78454L100<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | EC               | CORP              | US        |      9071 | NS      | $226502.87    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Mosaic Co/The                                | Mosaic Co/The                                | CUSIP: 61945C103<br>LEI: 2YD5STGSJNMUB7H76907 | Long             | EC               | CORP              | US        |      6507 | NS      | $225662.76    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| CNA Financial Corp                           | CNA Financial Corp                           | CUSIP: 126117100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4107 | NS      | $190811.22    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Campbell's Company/The                       | Campbell's Company/The                       | CUSIP: 134429109<br>LEI: 5493007JDSMX8Z5Z1902 | Long             | EC               | CORP              | US        |      5430 | NS      | $171479.40    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Charles River Laboratories International Inc | Charles River Laboratories International Inc | CUSIP: 159864107<br>LEI: 549300BSQ0R4UZ5KX287 | Long             | EC               | CORP              | US        |      1741 | NS      | $272396.86    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Lumen Technologies Inc                       | Lumen Technologies Inc                       | CUSIP: 550241103<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | EC               | CORP              | US        |     57308 | NS      | $350724.96    | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| GEN DIGITAL INC                              | GEN DIGITAL INC                              | CUSIP: 668771108<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | EC               | CORP              | US        |      7653 | NS      | $217268.67    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Azenta Inc                                   | Azenta Inc                                   | CUSIP: 114340102<br>LEI: 35ZN6X1ANPH25YN32Y17 | Long             | EC               | CORP              | US        |      7710 | NS      | $221431.20    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| ALLETE Inc                                   | ALLETE Inc                                   | CUSIP: 018522300<br>LEI: 549300NNLSIMY6Z8OT86 | Long             | EC               | CORP              | US        |      3018 | NS      | $200395.20    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| COGENT COMMUNICATIONS HOLDIN                 | COGENT COMMUNICATIONS HOLDIN                 | CUSIP: 19239V302<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3638 | NS      | $139517.30    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Hanesbrands Inc                              | Hanesbrands Inc                              | CUSIP: 410345102<br>LEI: GX5LWVWZLL5S4W1L2F20 | Long             | EC               | CORP              | US        |     44953 | NS      | $296240.27    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Wendy's Co/The                               | Wendy's Co/The                               | CUSIP: 95058W100<br>LEI: 529900M0JIUCMWVKHG76 | Long             | EC               | CORP              | US        |     16583 | NS      | $151900.28    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Polaris Inc                                  | Polaris Inc                                  | CUSIP: 731068102<br>LEI: 549300QJSN8UVWN1EI78 | Long             | EC               | CORP              | US        |      6033 | NS      | $350698.29    | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Semtech Corp                                 | Semtech Corp                                 | CUSIP: 816850101<br>LEI: 549300J7WUY317SW6O61 | Long             | EC               | CORP              | US        |      6474 | NS      | $462567.30    | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| IPG Photonics Corp                           | IPG Photonics Corp                           | CUSIP: 44980X109<br>LEI: 5493002KZ51CADQ94G15 | Long             | EC               | CORP              | US        |      3388 | NS      | $268295.72    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Schneider National Inc                       | Schneider National Inc                       | CUSIP: 80689H102<br>LEI: 529900V6GZ6G6E3BLV72 | Long             | EC               | CORP              | US        |      9409 | NS      | $199094.44    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Axcelis Technologies Inc                     | Axcelis Technologies Inc                     | CUSIP: 054540208<br>LEI: 529900HF9B6NL1QG9F05 | Long             | EC               | CORP              | US        |      4111 | NS      | $401398.04    | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Omnicell Inc                                 | Omnicell Inc                                 | CUSIP: 68213N109<br>LEI: 5493008RH0GTKHHPZI77 | Long             | EC               | CORP              | US        |      6330 | NS      | $192748.50    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Bio-Rad Laboratories Inc                     | Bio-Rad Laboratories Inc                     | CUSIP: 090572207<br>LEI: 549300ZC1GPV35XYDK53 | Long             | EC               | CORP              | US        |       838 | NS      | $234966.82    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Cable One Inc                                | Cable One Inc                                | CUSIP: 12685J105<br>LEI: 549300648QS85T0XSH18 | Long             | EC               | CORP              | US        |       738 | NS      | $130662.90    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Ziff Davis Inc                               | Ziff Davis Inc                               | CUSIP: 48123V102<br>LEI: 5493008OJYGLHD7MXA18 | Long             | EC               | CORP              | US        |      6703 | NS      | $255384.30    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Advance Auto Parts Inc                       | Advance Auto Parts Inc                       | CUSIP: 00751Y106<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | EC               | CORP              | US        |      6180 | NS      | $379452.00    | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Avis Budget Group Inc                        | Avis Budget Group Inc                        | CUSIP: 053774105<br>LEI: 529900E95812SYWMCE44 | Long             | EC               | CORP              | US        |      2185 | NS      | $350856.38    | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Acadia Healthcare Co Inc                     | Acadia Healthcare Co Inc                     | CUSIP: 00404A109<br>LEI: 5493005CW985Y9D0NC11 | Long             | EC               | CORP              | US        |      8455 | NS      | $209345.80    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Grand Canyon Education Inc                   | Grand Canyon Education Inc                   | CUSIP: 38526M106<br>LEI: 529900XFER799IYOSW74 | Long             | EC               | CORP              | US        |      1112 | NS      | $244106.24    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Revvity Inc                                  | Revvity Inc                                  | CUSIP: 714046109<br>LEI: 549300IKL1SDPFI7N655 | Long             | EC               | CORP              | US        |      2117 | NS      | $185555.05    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Abercrombie & Fitch Co                       | Abercrombie & Fitch Co                       | CUSIP: 002896207<br>LEI: 5493000J7LL72TOGT983 | Long             | EC               | CORP              | US        |      2943 | NS      | $251773.65    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Kohl's Corp                                  | Kohl's Corp                                  | CUSIP: 500255104<br>LEI: 549300JF6LPRTRJ0FH50 | Long             | EC               | CORP              | US        |     30011 | NS      | $461269.07    | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| CH Robinson Worldwide Inc                    | CH Robinson Worldwide Inc                    | CUSIP: 12541W209<br>LEI: 529900WNWN5L0OVDHA79 | Long             | EC               | CORP              | US        |      2273 | NS      | $300945.20    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Stanley Black & Decker Inc                   | Stanley Black & Decker Inc                   | CUSIP: 854502101<br>LEI: 549300DJ09SMTO561131 | Long             | EC               | CORP              | US        |      3424 | NS      | $254505.92    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Teleflex Inc                                 | Teleflex Inc                                 | CUSIP: 879369106<br>LEI: UUL85LWXB4NGSWWXIQ25 | Long             | EC               | CORP              | US        |      1442 | NS      | $176443.12    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Flagstar Financial Inc                       | Flagstar Financial Inc                       | CUSIP: 649445400<br>LEI: 529900HVXOTLY61GL030 | Long             | EC               | CORP              | US        |     16903 | NS      | $195229.65    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| VF Corp                                      | VF Corp                                      | CUSIP: 918204108<br>LEI: CWAJJ9DJ5Z7P057HV541 | Long             | EC               | CORP              | US        |     16659 | NS      | $240389.37    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| DENTSPLY SIRONA Inc                          | DENTSPLY SIRONA Inc                          | CUSIP: 24906P109<br>LEI: 9NHEHR1SOZCYXDO8HO28 | Long             | EC               | CORP              | US        |     14416 | NS      | $182939.04    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Under Armour Inc                             | Under Armour Inc                             | CUSIP: 904311107<br>LEI: 549300D4549QKWETZ406 | Long             | EC               | CORP              | US        |     35740 | NS      | $178342.60    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Integra LifeSciences Holdings Corp           | Integra LifeSciences Holdings Corp           | CUSIP: 457985208<br>LEI: WB7IJCYY8YFTENS4O147 | Long             | EC               | CORP              | US        |     12073 | NS      | $173006.09    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Plug Power Inc                               | Plug Power Inc                               | CUSIP: 72919P202<br>LEI: 549300JPDKRSJ8JSM954 | Long             | EC               | CORP              | US        |    229708 | NS      | $535219.64    | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| MGM Resorts International                    | MGM Resorts International                    | CUSIP: 552953101<br>LEI: 54930066VBP7DZEGGJ87 | Long             | EC               | CORP              | US        |      6573 | NS      | $227820.18    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Masimo Corp                                  | Masimo Corp                                  | CUSIP: 574795100<br>LEI: 549300Q4A8JK0PIYCU29 | Long             | EC               | CORP              | US        |      1291 | NS      | $190487.05    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Macy's Inc                                   | Macy's Inc                                   | CUSIP: 55616P104<br>LEI: 529900NZQ81TIOW3CW52 | Long             | EC               | CORP              | US        |     18035 | NS      | $323367.55    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Enovis Corp                                  | Enovis Corp                                  | CUSIP: 194014502<br>LEI: 635400OP2DYYYMOIYL17 | Long             | EC               | CORP              | US        |      5722 | NS      | $173605.48    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Haemonetics Corp                             | Haemonetics Corp                             | CUSIP: 405024100<br>LEI: 549300ZEL6TXZS6F5F95 | Long             | EC               | CORP              | US        |      3251 | NS      | $158453.74    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Universal Health Services Inc                | Universal Health Services Inc                | CUSIP: 913903100<br>LEI: 549300YGMGQDO0NMJD09 | Long             | EC               | CORP              | US        |      1168 | NS      | $238785.92    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| ASGN Inc                                     | ASGN Inc                                     | CUSIP: 00191U102<br>LEI: LZBNYYCBUKY537072438 | Long             | EC               | CORP              | US        |      3928 | NS      | $185990.80    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Carter's Inc                                 | Carter's Inc                                 | CUSIP: 146229109<br>LEI: 5299003WAQK4R3L3ZU36 | Long             | EC               | CORP              | US        |      5990 | NS      | $169037.80    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| AES Corp/The                                 | AES Corp/The                                 | CUSIP: 00130H105<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | EC               | CORP              | US        |     20669 | NS      | $272004.04    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-09-30

**Name of Applicant:** EA Series Trust

**Signature:** /s/ Sean Hegarty

**Name of Signer:** Sean Hegarty

**Title:** Treasurer