# EDGAR Filing Document

**Accession Number:** 0002013853
**File Stem:** 0000910472-25-004107
**Filing Date:** 2025-11
**Character Count:** 45199
**Document Hash:** 55c1b33e75f2855dca7ae8f3d59a29a7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-25-004107.hdr.sgml**: 20251126

**ACCESSION NUMBER**: 0000910472-25-004107

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251126

**DATE AS OF CHANGE**: 20251125

**PERIOD START**: 20250930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** New Age Alpha Funds Trust
- **CENTRAL INDEX KEY:** 0002013853

**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:** 811-23945
- **FILM NUMBER:** 251522892

**BUSINESS ADDRESS:**
- **STREET 1:** 555 THEODORE FREMD AVENUE
- **STREET 2:** SUITE A-101
- **CITY:** RYE
- **STATE:** NY
- **ZIP:** 10580
- **BUSINESS PHONE:** 212-922-2699

**MAIL ADDRESS:**
- **STREET 1:** 555 THEODORE FREMD AVENUE
- **STREET 2:** SUITE A-101
- **CITY:** RYE
- **STATE:** NY
- **ZIP:** 10580

## Series and Classes Contracts Data

### NAA SMid Cap Value Fund (Series ID: S000087631)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000253493 | Institutional Class |  |
| C000253494 | Class C             |  |
| C000253495 | Class A             |  |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** New Age Alpha Funds Trust

- **b. Investment Company Act file number:** 811-23945

- **c. CIK number of Registrant:** 0002013853

- **d. LEI of Registrant:** 529900860B9CQ8SDNS27

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 555 Theodore Fremd Avenue

  - **City:** Rye

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10580

  - **Telephone number:** 212-922-2699

**Item A.2. Information about the Series.**

- **a. Name of Series:** NAA SMID CAP VALUE FUND

- **b. EDGAR series identifier (if any):** S000087631

- **c. LEI of Series:** 529900TVW1UO9UWGD856

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

- **a. Date of fiscal year-end:** 2025-09-30

- **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:** $306270510.22

**Total Liabilities:** $532049.63

**Net Assets:** $305738460.59

**Cash Not Reported:** $1089.28

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000253494 | 1.12%                | 4.57%                | 0.21%                |
| Class ID C000253495 | 1.20%                | 4.62%                | 0.31%                |
| Class ID C000253493 | 1.22%                | 4.63%                | 0.34%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $122607.22               | $3410525.55                                |
| Month 2  | $669202.42               | $12779705.62                               |
| Month 3  | $46299.59                | $397555.63                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| RPM International Inc.                      | RPM International, Inc.                     | CUSIP: 749685103<br>LEI: 549300TJCKW4BRXPJ474 | Long             | EC               | CORP              | US        |     33490 | NS      | $3947801.20   | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Evergy Inc                                  | Evergy, Inc.                                | CUSIP: 30034W106<br>LEI: 549300PGTHDQY6PSUI61 | Long             | EC               | CORP              | US        |     44460 | NS      | $3379849.20   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Euronet Worldwide, Inc.                     | Euronet Worldwide, Inc.                     | CUSIP: 298736109<br>LEI: YG3575C4DSHJPA5KET68 | Long             | EC               | CORP              | US        |     10526 | NS      | $924288.06    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Five Below Inc                              | Five Below, Inc.                            | CUSIP: 33829M101<br>LEI: 529900AAXP5Z6BGI7418 | Long             | EC               | CORP              | US        |     30851 | NS      | $4772649.70   | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| MSC Industrial Direct Co Inc.               | MSC Industrial Direct Company, Inc. Class A | CUSIP: 553530106<br>LEI: 0XVKH0LN6YGOWO2EGO17 | Long             | EC               | CORP              | US        |     25260 | NS      | $2327456.40   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Premier Inc                                 | Premier, Inc. Class A                       | CUSIP: 74051N102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    106905 | NS      | $2971959.00   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| NOV Inc.                                    | Nov, Inc. COM                               | CUSIP: 62955J103<br>LEI: 549300EHF3IW1AR6U008 | Long             | EC               | CORP              | US        |    203943 | NS      | $2702244.75   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Trust                               | ISHARES RUSSELL MIDCAP VALUE                | CUSIP: 464287473<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |     13331 | NS      | $1861940.77   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Jacobs Solutions Inc.                       | Jacobs Solutions, Inc.                      | CUSIP: 46982L108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     22836 | NS      | $3422202.96   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Post Holdings Inc.                          | Post Holdings, Inc.                         | CUSIP: 737446104<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | EC               | CORP              | US        |     10947 | NS      | $1176583.56   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Patterson-UTI Energy Inc.                   | Patterson-UTI Energy, Inc.                  | CUSIP: 703481101<br>LEI: 254900XGFBKIXD6G0697 | Long             | EC               | CORP              | US        |    423357 | NS      | $2192989.26   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| F N B Corp (Pennsylvania)                   | F.N.B. Corporation                          | CUSIP: 302520101<br>LEI: PCYSKIGYNYFDTBLVZU83 | Long             | EC               | CORP              | US        |    208526 | NS      | $3359353.86   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| SunCoke Energy, Inc.                        | SunCoke Energy, Inc.                        | CUSIP: 86722A103<br>LEI: 1KF1J2NXQE2PI0QOB943 | Long             | EC               | CORP              | US        |    106672 | NS      | $870443.52    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Everest Group Ltd                           | Everest Group Ltd.                          | CUSIP: G3223R108<br>LEI: 549300N24XF2VV0B3570 | Long             | EC               | CORP              | US        |      8091 | NS      | $2833710.93   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Lear Corporation                            | Lear Corporation                            | CUSIP: 521865204<br>LEI: 549300UPNBTXA1SYTQ33 | Long             | EC               | CORP              | US        |     31044 | NS      | $3123336.84   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Lakeland Financial Corp.                    | Lakeland Financial Corporation              | CUSIP: 511656100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     15706 | NS      | $1008325.20   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Equity Lifestyle Properties Inc             | Equity LifeStyle Properties, Inc. REIT      | CUSIP: 29472R108<br>LEI: 529900PEQG66LENB6798 | Long             | EC               | CORP              | US        |     53614 | NS      | $3254369.80   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Raymond James Financial Inc.                | Raymond James Financial, Inc.               | CUSIP: 754730109<br>LEI: RGUZHJ05YTITL6D76949 | Long             | EC               | CORP              | US        |     12988 | NS      | $2241728.80   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| OFG Bancorp                                 | OFG Bancorp                                 | CUSIP: 67103X102<br>LEI: 549300Q4QEXJ37LEXQ06 | Long             | EC               | CORP              | US        |     23786 | NS      | $1034453.14   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Caretrust Reit Inc                          | CareTrust REIT, Inc. REIT                   | CUSIP: 14174T107<br>LEI: 5493001NVXE2B9GPLU96 | Long             | EC               | CORP              | US        |     93223 | NS      | $3232973.64   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Pinnacle West Capital Corp.                 | Pinnacle West Capital Corporation           | CUSIP: 723484101<br>LEI: TWSEY0NEDUDCKS27AH81 | Long             | EC               | CORP              | US        |     22958 | NS      | $2058414.28   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| American Assets Trust Inc.                  | American Assets Trust, Inc. REIT            | CUSIP: 024013104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     24555 | NS      | $498957.60    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| First Horizon Corporation                   | First Horizon National Corporation          | CUSIP: 320517105<br>LEI: TF3RXI1ZB1TQ30H9JV10 | Long             | EC               | CORP              | US        |    214366 | NS      | $4846815.26   | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Nextracker Inc.                             | Nextracker Inc - Class A                    | CUSIP: 65290E101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     70662 | NS      | $5228281.38   | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Reinsurance Group of America, Incorporated  | Reinsurance Group of America, Inc.          | CUSIP: 759351604<br>LEI: LORM1GNEU1DKEW527V90 | Long             | EC               | CORP              | US        |     21293 | NS      | $4091024.09   | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| NBT Bancorp Inc                             | NBT Bancorp, Inc.                           | CUSIP: 628778102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     39273 | NS      | $1640040.48   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| MGP Ingredients Inc.                        | MGP Ingredients, Inc.                       | CUSIP: 55303J106<br>LEI: 2549006OMHFVZ4MS8538 | Long             | EC               | CORP              | US        |     16368 | NS      | $395941.92    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Liveramp Holdings Inc                       | LiveRamp Holdings, Inc.                     | CUSIP: 53815P108<br>LEI: 254900GXS75LG1X7RF88 | Long             | EC               | CORP              | US        |     44283 | NS      | $1201840.62   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Element Solutions Inc                       | Element Solutions, Inc.                     | CUSIP: 28618M106<br>LEI: 549300FLGN6P5CU20J91 | Long             | EC               | CORP              | US        |    130306 | NS      | $3279802.02   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Air Lease Corporation                       | Air Lease Corporation                       | CUSIP: 00912X302<br>LEI: 5493004NW4M4P8TMMK63 | Long             | EC               | CORP              | US        |     49141 | NS      | $3127824.65   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| H2O America                                 | H2O America                                 | CUSIP: 784305104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     40535 | NS      | $1974054.50   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Novanta Inc                                 | Novanta, Inc.                               | CUSIP: 67000B104<br>LEI: 549300NBPHPTUPTS8070 | Long             | EC               | CORP              | US        |      8352 | NS      | $836452.80    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Photronics Inc.                             | Photronics, Inc.                            | CUSIP: 719405102<br>LEI: 549300OK5JVNIBNY6F63 | Long             | EC               | CORP              | US        |     47323 | NS      | $1086062.85   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Sprinklr Inc                                | Sprinklr, Inc.                              | CUSIP: 85208T107<br>LEI: 254900AR04RJ2BQO5S78 | Long             | EC               | CORP              | US        |     98679 | NS      | $761801.88    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Yeti Holdings Inc                           | Yeti Holdings, Inc.                         | CUSIP: 98585X104<br>LEI: 549300DSQICIGNT5GO63 | Long             | EC               | CORP              | US        |     29852 | NS      | $990489.36    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Digi International Inc.                     | Digi International, Inc.                    | CUSIP: 253798102<br>LEI: 529900KG656HGROI4N27 | Long             | EC               | CORP              | US        |     20019 | NS      | $729892.74    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Selective Insurance Group Inc.              | Selective Insurance Group, Inc.             | CUSIP: 816300107<br>LEI: 549300R3WGJWLE40R258 | Long             | EC               | CORP              | US        |     33995 | NS      | $2755974.65   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Albany International Corp.                  | Albany International Corporation Class A    | CUSIP: 012348108<br>LEI: L73WCPNCZIRSQGZTW097 | Long             | EC               | CORP              | US        |     19318 | NS      | $1029649.40   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| CSG Systems International Inc.              | CSG Systems International, Inc.             | CUSIP: 126349109<br>LEI: 549300D7FJZUOHHXUA81 | Long             | EC               | CORP              | US        |     17465 | NS      | $1124396.70   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Resideo Technologies Inc                    | Resideo Technologies Inc.                   | CUSIP: 76118Y104<br>LEI: 5493006TKFPYISY2DS54 | Long             | EC               | CORP              | US        |    132954 | NS      | $5740953.72   | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| ConocoPhillips                              | ConocoPhillips                              | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |     44571 | NS      | $4215970.89   | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Pricesmart Inc                              | PriceSmart, Inc.                            | CUSIP: 741511109<br>LEI: 549300JVYOSTGVSDZS46 | Long             | EC               | CORP              | US        |     27112 | NS      | $3285703.28   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Weatherford International Plc               | Weatherford International PLC               | CUSIP: G48833118<br>LEI: 529900LPBDSCQDJKHQ39 | Long             | EC               | CORP              | US        |     21205 | NS      | $1451058.15   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Etsy Inc                                    | Etsy, Inc.                                  | CUSIP: 29786A106<br>LEI: 54930089Q7XT501AEA40 | Long             | EC               | CORP              | US        |     50244 | NS      | $3335699.16   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Grocery Outlet Holding Corp.                | Grocery Outlet Holding Corp                 | CUSIP: 39874R101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    129705 | NS      | $2081765.25   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| BellRing Intermediate Holdings Inc.         | BellRing Brands, Inc.                       | CUSIP: 07831C103<br>LEI: 549300S3BOK5CMTS8054 | Long             | EC               | CORP              | US        |     38719 | NS      | $1407435.65   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Harley-Davidson, Inc.                       | Harley-Davidson, Inc.                       | CUSIP: 412822108<br>LEI: ZDNAWZWXIKMWI51R2A08 | Long             | EC               | CORP              | US        |     66572 | NS      | $1857358.80   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Four Corners Property Trust Inc.            | Four Corners Property Trust, Inc.           | CUSIP: 35086T109<br>LEI: 549300SVTPZPBDVNER42 | Long             | EC               | CORP              | US        |     59089 | NS      | $1441771.60   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| StoneX Group Inc                            | StoneX Group, Inc.                          | CUSIP: 861896108<br>LEI: 549300JUF07L8VF02M60 | Long             | EC               | CORP              | US        |     25675 | NS      | $2591121.00   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Rollins Inc                                 | Rollins, Inc.                               | CUSIP: 775711104<br>LEI: 549300F2A0BXT4SGWD84 | Long             | EC               | CORP              | US        |     22753 | NS      | $1336511.22   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| ITT Inc                                     | ITT, Inc.                                   | CUSIP: 45073V108<br>LEI: 549300KDSERHTJOXUS80 | Long             | EC               | CORP              | US        |     12788 | NS      | $2285982.88   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Sonic Automotive, Inc.                      | Sonic Automotive, Inc.                      | CUSIP: 83545G102<br>LEI: 549300NTLRGJ2JCBZU03 | Long             | EC               | CORP              | US        |     17657 | NS      | $1343521.13   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Biomarin Pharmaceutical Inc.                | BioMarin Pharmaceutical, Inc.               | CUSIP: 09061G101<br>LEI: NSLL8ITTRR0J5HEMR848 | Long             | EC               | CORP              | US        |     75491 | NS      | $4088592.56   | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| FirstEnergy Corp.                           | FirstEnergy Corporation                     | CUSIP: 337932107<br>LEI: 549300SVYJS666PQJH88 | Long             | EC               | CORP              | US        |     98517 | NS      | $4514048.94   | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| American Homes 4 Rent                       | American Homes 4 Rent Class A               | CUSIP: 02665T306<br>LEI: 549300ZJUO7A58PNUW40 | Long             | EC               | CORP              | US        |    111745 | NS      | $3715521.25   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Unum Group                                  | Unum Group                                  | CUSIP: 91529Y106<br>LEI: 549300E32YFDO6TZ8R31 | Long             | EC               | CORP              | US        |     53240 | NS      | $4141007.20   | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank OZK                                    | Bank OZK                                    | CUSIP: 06417N103<br>LEI: 549300VYK2WBD7SST478 | Long             | EC               | CORP              | US        |     61186 | NS      | $3119262.28   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadridge Financial Solutions Inc.         | Broadridge Financial Solutions, Inc.        | CUSIP: 11133T103<br>LEI: 549300KZDJZQ2YIHRC28 | Long             | EC               | CORP              | US        |     12731 | NS      | $3032142.27   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Ormat Technologies Inc.                     | Ormat Technologies, Inc.                    | CUSIP: 686688102<br>LEI: 5493000TSHHWY24VHM09 | Long             | EC               | CORP              | US        |     16479 | NS      | $1586103.75   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Westamerica Bancorp                         | Westamerica BanCorporation                  | CUSIP: 957090103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     15846 | NS      | $792141.54    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Index Funds                        | Vanguard Small-Cap Value ETF                | CUSIP: 922908611<br>LEI: 549300G6KNDK44WUN559 | Long             | EC               | RF                | US        |      7078 | NS      | $1477249.38   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Alcoa Corporation                           | Alcoa Corporation                           | CUSIP: 013872106<br>LEI: 549300T12EZ1F6PWWU29 | Long             | EC               | CORP              | US        |    147276 | NS      | $4843907.64   | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Maximus Inc                                 | Maximus, Inc.                               | CUSIP: 577933104<br>LEI: 549300DQCDS8HJ7QF202 | Long             | EC               | CORP              | US        |     32480 | NS      | $2967697.60   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| AAR Corp.                                   | AAR Corporation                             | CUSIP: 000361105<br>LEI: MP76T5YQX3YK5VVAQ802 | Long             | EC               | CORP              | US        |     41461 | NS      | $3717807.87   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Ecolab Inc.                                 | Ecolab, Inc.                                | CUSIP: 278865100<br>LEI: 82DYEISM090VG8LTLS26 | Long             | EC               | CORP              | US        |     16041 | NS      | $4392988.26   | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Gates Industrial Corp PLC                   | GATES INDUSTRIAL CORP PLC                   | CUSIP: G39108108<br>LEI: 549300S6K4FWUSB9KM27 | Long             | EC               | CORP              | GB        |     99415 | NS      | $2467480.30   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Maplebear Inc.                              | Maplebear Incorporated                      | CUSIP: 565394103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     50999 | NS      | $1874723.24   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| First Solar Inc                             | First Solar, Inc.                           | CUSIP: 336433107<br>LEI: 549300NPYMLM4NHTOF27 | Long             | EC               | CORP              | US        |     10952 | NS      | $2415244.56   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Getty Realty Corp                           | Getty Realty Corporation                    | CUSIP: 374297109<br>LEI: 2549000P1W5SFJWCNP90 | Long             | EC               | CORP              | US        |     37533 | NS      | $1007010.39   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Vulcan Materials Company                    | Vulcan Materials Company                    | CUSIP: 929160109<br>LEI: 549300Q8LSNHAVWBNI21 | Long             | EC               | CORP              | US        |      9780 | NS      | $3008523.60   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Match Group Inc                             | Match Group, Inc.                           | CUSIP: 57667L107<br>LEI: 15OMOPB0A8K0EFUVD031 | Long             | EC               | CORP              | US        |     48761 | NS      | $1722238.52   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Agree Realty Corp                           | Agree Realty Corporation                    | CUSIP: 008492100<br>LEI: 98450090H010B37OEB68 | Long             | EC               | CORP              | US        |     35993 | NS      | $2556942.72   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Penske Automotive Group, Inc.               | Penske Automotive Group, Inc.               | CUSIP: 70959W103<br>LEI: 549300W7UTQ0M4C7LB15 | Long             | EC               | CORP              | US        |     10308 | NS      | $1792664.28   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| CubeSmart (Maryland)                        | CubeSmart REIT                              | CUSIP: 229663109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     60139 | NS      | $2445251.74   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Autoliv Inc.                                | Autoliv, Inc.                               | CUSIP: 052800109<br>LEI: A23RUXWKASG834LTMK28 | Long             | EC               | CORP              | SE        |     37855 | NS      | $4675092.50   | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Shoe Carnival Inc                           | Shoe Carnival, Inc.                         | CUSIP: 824889109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     22886 | NS      | $475799.94    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| ABM Industries Inc.                         | ABM Industries, Inc.                        | CUSIP: 000957100<br>LEI: QF02R89VEIOROM77J447 | Long             | EC               | CORP              | US        |     62882 | NS      | $2900117.84   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Heidrick & Struggles International Inc      | Heidrick & Struggles International, Inc.    | CUSIP: 422819102<br>LEI: 5493006284N2J367VB57 | Long             | EC               | CORP              | US        |     12133 | NS      | $603859.41    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| WillScot Holdings Corporation               | WillScott Mobile Mini Holding               | CUSIP: 971378104<br>LEI: 549300HJ4VIXF476Q166 | Long             | EC               | CORP              | US        |     96160 | NS      | $2029937.60   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Darden Restaurants, Inc.                    | Darden Restaurants, Inc.                    | CUSIP: 237194105<br>LEI: CY1NFSCCB5GUXC7WZC70 | Long             | EC               | CORP              | US        |     12225 | NS      | $2327151.00   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| CNO Financial Group, Inc.                   | CNO Financial Group, Inc.                   | CUSIP: 12621E103<br>LEI: 11XPYHB76MPM4Y4P2897 | Long             | EC               | CORP              | US        |     56696 | NS      | $2242326.80   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| O-I Glass Inc                               | O-I Glass, Inc.                             | CUSIP: 67098H104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    196824 | NS      | $2552807.28   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Mister Car Wash Inc                         | Mister Car Wash, Inc.                       | CUSIP: 60646V105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     68446 | NS      | $364817.18    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| California Water Service Group              | California Water Service Group              | CUSIP: 130788102<br>LEI: 529900QABDOBU6UVRQ36 | Long             | EC               | CORP              | US        |     59942 | NS      | $2750738.38   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Rexford Industrial Realty Inc.              | Rexford Industrial Realty, Inc.             | CUSIP: 76169C100<br>LEI: 549300MSLO0DF0EMX355 | Long             | EC               | CORP              | US        |    113809 | NS      | $4678687.99   | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Apollo Commercial Real Estate Finance, Inc. | Apollo Commercial Real Estate Finance, Inc. | CUSIP: 03762U105<br>LEI: 549300E0AN7M2AQHSY29 | Long             | EC               | CORP              | US        |    164802 | NS      | $1669444.26   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Alarm.com Holdings Inc.                     | Alarm.com Holdings, Inc.                    | CUSIP: 011642105<br>LEI: 549300HIH92U1EKIHZ32 | Long             | EC               | CORP              | US        |     26363 | NS      | $1399348.04   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| AdaptHealth Corporation                     | Adapthealth Corp.                           | CUSIP: 00653Q102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    138525 | NS      | $1239798.75   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| MGM Resorts International                   | MGM Resorts International                   | CUSIP: 552953101<br>LEI: 54930066VBP7DZEGGJ87 | Long             | EC               | CORP              | US        |     38673 | NS      | $1340406.18   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameris Bancorp                              | Ameris Bancorp                              | CUSIP: 03076K108<br>LEI: PBJHNT51T5V6G5UQFV42 | Long             | EC               | CORP              | US        |     44057 | NS      | $3229818.67   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Aptargroup Inc.                             | AptarGroup, Inc.                            | CUSIP: 038336103<br>LEI: VNPEQDQFAA7IY1T2PX43 | Long             | EC               | CORP              | US        |     17693 | NS      | $2364846.38   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Ciena Corporation                           | Ciena Corporation                           | CUSIP: 171779309<br>LEI: W0CZ7N0GH8UIGXDM1H41 | Long             | EC               | CORP              | US        |     31215 | NS      | $4547089.05   | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| CACI International Inc.                     | CACI International, Inc.                    | CUSIP: 127190304<br>LEI: SYRPI2D1O9WRTS2WX210 | Long             | EC               | CORP              | US        |      4698 | NS      | $2343268.44   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Stifel Financial Corporation                | Stifel Financial Corporation                | CUSIP: 860630102<br>LEI: 549300E5F07FE5GHJX84 | Long             | EC               | CORP              | US        |     16519 | NS      | $1874410.93   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Oshkosh Corporation                         | Oshkosh Corporation                         | CUSIP: 688239201<br>LEI: 549300FEKNPCFSA2B506 | Long             | EC               | CORP              | US        |     36561 | NS      | $4741961.70   | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Lululemon Athletica Inc.                    | Lululemon Athletica, Inc.                   | CUSIP: 550021109<br>LEI: 549300D9GZ4BMLDW5T40 | Long             | EC               | CORP              | US        |     12818 | NS      | $2280706.74   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Evertec Inc                                 | EVERTEC, Inc.                               | CUSIP: 30040P103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     29265 | NS      | $988571.70    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Addus Homecare Corp                         | Addus HomeCare Corporation                  | CUSIP: 006739106<br>LEI: 52990090ZT33AKPDBX62 | Long             | EC               | CORP              | US        |      8848 | NS      | $1043975.52   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Dollar Tree Inc                             | Dollar Tree, Inc.                           | CUSIP: 256746108<br>LEI: 549300PMSTQITB1WHR43 | Long             | EC               | CORP              | US        |     35799 | NS      | $3378351.63   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Jones Lang LaSalle Incorporated             | Jones Lang LaSalle, Inc.                    | CUSIP: 48020Q107<br>LEI: 6SYKCME112RT8TQUO411 | Long             | EC               | CORP              | US        |     12482 | NS      | $3723130.96   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                         | BBH Overnight Sweep                         | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | CORP              | US        |   2245506 | PA      | $2245506.50   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Site Centers Corp                           | SITE CTRS CORP COM                          | CUSIP: 82981J851<br>LEI: W2AVA6SODOQ1LCYJQR54 | Long             | EC               | CORP              | US        |     58436 | NS      | $526508.36    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Fulton Financial Corporation                | Fulton Financial Corporation                | CUSIP: 360271100<br>LEI: 5493005QLZ6O1BNC0C11 | Long             | EC               | CORP              | US        |    127231 | NS      | $2370313.53   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| FTI Consulting, Inc.                        | FTI Consulting, Inc.                        | CUSIP: 302941109<br>LEI: 549300K17GM8EQD0FQ48 | Long             | EC               | CORP              | US        |     18540 | NS      | $2996991.00   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Encompass Health Corporation                | Encompass Health Corporation                | CUSIP: 29261A100<br>LEI: 549300FVRPM9DRQZRG64 | Long             | EC               | CORP              | US        |     16262 | NS      | $2065599.24   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| EZCORP Inc.                                 | EZCORP, Inc. Class A                        | CUSIP: 302301106<br>LEI: 5493003K6PG3ZQ7TUQ63 | Long             | EC               | CORP              | US        |     68073 | NS      | $1296109.92   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| NNN REIT Inc                                | National Retail Properties, Inc. REIT       | CUSIP: 637417106<br>LEI: 5493008JKH5SOTI0JS97 | Long             | EC               | CORP              | US        |     97902 | NS      | $4167688.14   | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Chord Energy Corp.                          | Chord Energy Corporation                    | CUSIP: 674215207<br>LEI: 529900FA4V2YNIKZ0M71 | Long             | EC               | CORP              | US        |     30830 | NS      | $3063577.10   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| EPR Properties                              | EPR Properties REIT                         | CUSIP: 26884U109<br>LEI: 549300YSSXFHMPOWZ492 | Long             | EC               | CORP              | US        |     42498 | NS      | $2465308.98   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| DexCom Inc                                  | DexCom, Inc.                                | CUSIP: 252131107<br>LEI: 549300YSK3QDSFR5EU59 | Long             | EC               | CORP              | US        |     44428 | NS      | $2989560.12   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Axalta Coating Systems Limited              | Axalta Coating Systems Ltd.                 | CUSIP: G0750C108<br>LEI: 529900AGLPA40GV6H619 | Long             | EC               | CORP              | BM        |     59562 | NS      | $1704664.44   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Advance Auto Parts Inc.                     | Advance Auto Parts, Inc.                    | CUSIP: 00751Y106<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | EC               | CORP              | US        |     57064 | NS      | $3503729.60   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Innovex International Inc.                  | Innovex International, Inc.                 | CUSIP: 457651107<br>LEI: 5299007REICYIJNMW197 | Long             | EC               | CORP              | US        |     48664 | NS      | $902230.56    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| DoubleVerify Holdings Inc                   | DOUBLEVERIFY HOLDINGS INC COM               | CUSIP: 25862V105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     78923 | NS      | $945497.54    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| American Financial Group, Inc.              | American Financial Group, Inc.              | CUSIP: 025932104<br>LEI: 549300AFOM7IVKIU1G39 | Long             | EC               | CORP              | US        |     22690 | NS      | $3306386.80   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Tenet Healthcare Corporation                | Tenet Healthcare Corporation                | CUSIP: 88033G407<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | EC               | CORP              | US        |     18923 | NS      | $3842125.92   | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Cardinal Health, Inc.                       | Cardinal Health, Inc.                       | CUSIP: 14149Y108<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | EC               | CORP              | US        |     25190 | NS      | $3953822.40   | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| The Hanover Insurance Group, Inc.           | Hanover Insurance Group, Inc. (The)         | CUSIP: 410867105<br>LEI: JJYR6MFKFF6CF8DBZ078 | Long             | EC               | CORP              | US        |     20497 | NS      | $3722870.11   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Omnicom Group Inc                           | Omnicom Group, Inc.                         | CUSIP: 681919106<br>LEI: HKUPACFHSSASQK8HLS17 | Long             | EC               | CORP              | US        |     39065 | NS      | $3184969.45   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Nexstar Media Group Inc                     | Nexstar Media Group, Inc.                   | CUSIP: 65336K103<br>LEI: 52990083ZRR5UT591988 | Long             | EC               | CORP              | US        |     16349 | NS      | $3232851.26   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Unifirst Corp                               | UniFirst Corporation                        | CUSIP: 904708104<br>LEI: 5493003XBTNWBC8UK019 | Long             | EC               | CORP              | US        |     10779 | NS      | $1802141.01   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| OGE Energy Corporation                      | OGE Energy Corporation                      | CUSIP: 670837103<br>LEI: CE5OG6JPOZMDSA0LAQ19 | Long             | EC               | CORP              | US        |     95184 | NS      | $4404163.68   | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Avista Corporation                          | Avista Corporation                          | CUSIP: 05379B107<br>LEI: Q0IK63NITJD6RJ47SW96 | Long             | EC               | CORP              | US        |     74281 | NS      | $2808564.61   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-25

**Name of Applicant:** New Age Alpha Funds Trust

**Signature:** Keith D. Kemp

**Name of Signer:** Keith D. Kemp

**Title:** President