09/06/2024 | Press release | Distributed by Public on 09/06/2024 08:10
EA Bridgeway Blue Chip ETF
Ticker: BBLU
Listed on: NYSE Arca, Inc.
|
June 30, 2024
Annual Shareholder Report
www.bridgewayetfs.com/bblu/
|
This annual shareholder report contains important information about the EA Bridgeway Blue Chip ETF (the "Fund") for the period of July 1, 2023 to June 30, 2024 (the "Period"). You can find additional information about the Fund at www.bridgewayetfs.com/bblu/. You can also request this information by contacting us at (215) 882-9983.
|
WHAT WERE THE FUND COSTS FOR THE PERIOD? (based on a hypothetical $10,000 investment) |
|
COST OF $10,000 INVESTMENT | COST PAID AS A PERCENTAGE OF $10,000 INVESTMENT |
$17 | 0.15% |
PERFORMANCE OF HYPOTHETICAL $10,000 INVESTMENT |
WHAT FACTORS INFLUENCED PERFORMANCE FOR THE PERIOD? |
AVERAGE ANNUAL TOTAL RETURNS
|
|||
1 Year | 5 Year | 10 Year | |
EA Bridgeway Blue Chip ETF - NAV | 24.75% | 15.29% | 13.08% |
EA Bridgeway Blue Chip ETF - Market | 24.64% | 15.18% | 13.02% |
S&P 500 Index | 24.56% | 15.05% | 12.86% |
The Fund's past performance is not a good predictor of how the Fund will perform in the future. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. The Fund converted from a mutual fund to an ETF on October 14, 2022. The Fund has adopted the mutual fund's prior performance for the periods before the conversion. Visit www.bridgewayetfs.com/bblu/ for more recent performance information.
|
EA Bridgeway Blue Chip ETF
Ticker: BBLU
Listed on: NYSE Arca, Inc.
|
June 30, 2024
Annual Shareholder Report
www.bridgewayetfs.com/bblu/
|
KEY FUND STATISTICS (as of Period End)
|
|||
Net Assets | $181,370,007 | Portfolio Turnover Rate* | 6% |
Number of Portfolio Holdings | 38 | Advisory Fees Paid | $204,867 |
*Excludes in-kind transactions.
|
SECTOR WEIGHTING (as a % of Net Assets) |
||
Information Technology | 25.3 | % |
Financials | 17.1 | % |
Communication Services | 14.2 | % |
Health Care | 13.8 | % |
Consumer Discretionary | 9.8 | % |
Consumer Staples | 9.8 | % |
Energy | 4.9 | % |
Industrials | 4.8 | % |
Cash & Cash Equivalents | 0.3 | % |
TOP 10 HOLDINGS
(as a % of Net Assets)
|
|
Eli Lilly & Co. | 4.0% |
Nvidia Corp. | 4.0% |
Meta Platforms, Inc. - Class A | 3.9% |
Microsoft Corp. | 3.9% |
JPMorgan Chase & Co. | 3.9% |
Broadcom, Inc. | 3.7% |
Apple, Inc. | 3.5% |
Visa, Inc. - Class A | 3.4% |
Qualcomm, Inc. | 2.8% |
Bank of America Corp. | 2.5% |
EA Bridgeway Omni Small-Cap Value ETF
Ticker: BSVO
Listed on: The Nasdaq Stock Market LLC
|
June 30, 2024
Annual Shareholder Report www.bridgewayetfs.com/bsvo/
|
This annual shareholder report contains important information about the EA Bridgeway Omni Small-Cap Value ETF (the "Fund") for the period of July 1, 2023 to June 30, 2024 (the "Period"). You can find additional information about the Fund at www.bridgewayetfs.com/bsvo/. You can also request this information by contacting us at (215) 882-9983.
|
WHAT WERE THE FUND COSTS FOR THE PERIOD? (based on a hypothetical $10,000 investment) |
|
COST OF $10,000 INVESTMENT | COST PAID AS A PERCENTAGE OF $10,000 INVESTMENT |
$51 | 0.47% |
PERFORMANCE OF HYPOTHETICAL $10,000 INVESTMENT |
WHAT FACTORS INFLUENCED PERFORMANCE FOR THE PERIOD? |
AVERAGE ANNUAL TOTAL RETURNS
|
|||
1 Year | 5 Year | 10 Year | |
EA Bridgeway Omni Small Cap Value ETF - NAV | 16.27% | 10.87% | 6.81% |
EA Bridgeway Omni Small Cap Value ETF - Market | 15.87% | 10.82% | 6.79% |
Russell 3000 Index | 23.13% | 14.14% | 12.15% |
Russell 2000 Value Index | 10.90% | 7.07% | 6.23% |
The Russell 3000 Index is provided as a broad measure of market performance. The Russell 2000 Value Index is provided as a measure of the Fund's investment strategy and universe. | |||
The Fund's past performance is not a good predictor of how the Fund will perform in the future. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. The Fund converted from a mutual fund to an ETF on March 10, 2023. The Fund has adopted the mutual fund's prior performance for the periods before the conversion. Visit www.bridgewayetfs.com/bsvo/ for more recent performance information.
|
EA Bridgeway Omni Small-Cap Value ETF
Ticker: BSVO
Listed on: The Nasdaq Stock Market LLC
|
June 30, 2024
Annual Shareholder Report www.bridgewayetfs.com/bsvo/
|
KEY FUND STATISTICS (as of Period End)
|
|||
Net Assets | $1,272,957,860 | Portfolio Turnover Rate* | 6% |
Number of Portfolio Holdings | 605 | Advisory Fees Paid | $4,812,357 |
*Excludes in-kind transactions.
|
SECTOR WEIGHTING (as a % of Net Assets) |
||
Financials | 33.2 | % |
Industrials | 15.7 | % |
Consumer Discretionary | 14.0 | % |
Energy | 12.0 | % |
Materials | 5.8 | % |
Communication Services | 5.6 | % |
Information Technology | 5.1 | % |
Health Care | 3.7 | % |
Consumer Staples | 3.0 | % |
Real Estate | 1.7 | % |
Cash & Cash Equivalents | 0.2 | % |
TOP 10 HOLDINGS
(as a % of Net Assets)
|
|
SkyWest, Inc. | 1.1% |
Golden Ocean Group Ltd. | 1.0% |
United States Cellular Corp. | 0.9% |
Warrior Met Coal, Inc. | 0.8% |
Teekay Tankers Ltd. - Class A
|
0.8% |
Gulfport Energy Corp. | 0.8% |
Tronox Holdings PLC | 0.8% |
M/I Homes, Inc. | 0.8% |
Telephone and Data Systems, Inc. | 0.8% |
TTM Technologies, Inc. | 0.8% |
EA Bridgeway Blue Chip ETF |
EA Bridgeway Omni Small-Cap Value ETF | |||
FYE
06/30/2024
|
FYE
06/30/2023
|
FYE
06/30/2024
|
FYE
06/30/2023
|
|
(a) Audit Fees | $8,750 | $8,750 | $8,750 | $8,750 |
(b) Audit-Related Fees | N/A | N/A | N/A | N/A |
(c)Tax Fees | $2,250 | $2,250 | $2,250 | $2,250 |
(d) All Other Fees | N/A | N/A | N/A | N/A |
EA Bridgeway Blue Chip ETF |
EA Bridgeway Omni Small-Cap Value ETF | |||
FYE
06/30/2024
|
FYE
06/30/2023
|
FYE
06/30/2024
|
FYE
06/30/2023
|
|
Audit-Related Fees | 0% | 0% | 0% | 0% |
Tax Fees | 0% | 0% | 0% | 0% |
All Other Fees | 0% | 0% | 0% | 0% |
Non-Audit Related Fees |
EA Bridgeway Blue Chip ETF |
EA Bridgeway Omni Small-Cap Value ETF | ||
FYE
06/30/2024
|
FYE
06/30/2023
|
FYE
06/30/2024
|
FYE
06/30/2023
|
|
Registrant | N/A | N/A | N/A | N/A |
Registrant's Investment Adviser | N/A | N/A | N/A | N/A |
EA BRIDGEWAY BLUE CHIP ETF
|
SCHEDULE OF INVESTMENTS |
June 30, 2024
|
COMMON STOCKS - 99.7% | Shares | Value | |
Aerospace & Defense - 2.4% | |||
RTX Corp. | 44,081 | $ | 4,425,292 |
Air Freight & Logistics - 2.4% | |||
United Parcel Service, Inc. - Class B | 32,418 | 4,436,403 | |
Automobile Manufacturers - 2.5% | |||
Tesla, Inc.(a)
|
22,895 | 4,530,463 | |
Broadline Retail - 2.4% | |||
Amazon.com, Inc.(a)
|
22,394 | 4,327,640 | |
Cable & Satellite - 2.5% | |||
Comcast Corp. - Class A | 113,851 | 4,458,405 | |
Communications Equipment - 2.4% | |||
Cisco Systems, Inc. | 93,406 | 4,437,719 | |
Consumer Staples Merchandise Retail - 2.4% | |||
Walmart, Inc. | 65,215 | 4,415,708 | |
Diversified Banks - 8.9% | |||
Bank of America Corp. | 115,789 | 4,604,928 | |
JPMorgan Chase & Co. | 34,891 | 7,057,054 | |
Wells Fargo & Co. | 76,133 | 4,521,539 | |
16,183,521 | |||
Home Improvement Retail - 2.5% | |||
Home Depot, Inc. | 12,968 | 4,464,104 | |
Household Products - 2.5% | |||
Procter & Gamble Co. | 27,263 | 4,496,214 | |
Integrated Oil & Gas - 4.9% | |||
Chevron Corp. | 28,289 | 4,424,965 | |
Exxon Mobil Corp. | 38,421 | 4,423,026 | |
8,847,991 | |||
Integrated Telecommunication Services - 2.5% | |||
Verizon Communications, Inc. | 108,371 | 4,469,220 |
EA BRIDGEWAY BLUE CHIP ETF |
SCHEDULE OF INVESTMENTS (CONTINUED) |
June 30, 2024 |
COMMON STOCKS - 99.7% (CONTINUED) | Shares | Value | |
Interactive Media & Services - 6.8% | |||
Alphabet, Inc. - Class A - Class A | 14,458 | $ | 2,633,525 |
Alphabet, Inc. - Class C - Class C | 14,147 | 2,594,843 | |
Meta Platforms, Inc. - Class A | 14,147 | 7,133,200 | |
12,361,568 | |||
Managed Health Care - 2.5% | |||
UnitedHealth Group, Inc. | 8,913 | 4,539,034 | |
Movies & Entertainment - 2.4% | |||
Walt Disney Co. | 43,771 | 4,346,023 | |
Multi-Sector Holdings - 2.4% | |||
Berkshire Hathaway, Inc. - Class B(a)
|
10,855 | 4,415,814 | |
Pharmaceuticals - 11.3% | |||
Eli Lilly & Co. | 8,007 | 7,249,378 | |
Johnson & Johnson | 30,515 | 4,460,072 | |
Merck & Co., Inc. | 34,329 | 4,249,930 | |
Pfizer, Inc. | 158,741 | 4,441,573 | |
20,400,953 | |||
Restaurants - 2.4% | |||
McDonald's Corp. | 17,221 | 4,388,600 | |
Semiconductors - 13.0% | |||
Broadcom, Inc. | 4,201 | 6,744,832 | |
Intel Corp. | 144,676 | 4,480,616 | |
Nvidia Corp. | 58,239 | 7,194,846 | |
Qualcomm, Inc. | 25,736 | 5,126,096 | |
23,546,390 | |||
Soft Drinks & Non-alcoholic Beverages - 4.9% | |||
Coca-Cola Co. | 70,133 | 4,463,966 | |
PepsiCo, Inc. | 26,982 | 4,450,141 | |
8,914,107 | |||
Systems Software - 6.4% | |||
Microsoft Corp. | 15,934 | 7,121,701 | |
Oracle Corp. | 31,674 | 4,472,369 | |
11,594,070 | |||
Technology Hardware, Storage & Peripherals - 3.5% | |||
Apple, Inc. | 30,002 | 6,319,021 | |
EA BRIDGEWAY BLUE CHIP ETF |
SCHEDULE OF INVESTMENTS (CONTINUED) |
June 30, 2024 |
COMMON STOCKS - 99.7% (CONTINUED) | Shares | Value | |
Transaction & Payment Processing Services - 5.8% | |||
Mastercard, Inc. - Class A | 9,994 | $ | 4,408,953 |
Visa, Inc. - Class A | 23,264 | 6,106,102 | |
10,515,055 | |||
TOTAL COMMON STOCKS(Cost $110,880,800)
|
180,833,315 | ||
SHORT-TERM INVESTMENTS - 0.3% | |||
Money Market Funds - 0.3% | |||
First American Government Obligations Fund - Class X, 5.23%(b)
|
455,415 | 455,415 | |
TOTAL SHORT-TERM INVESTMENTS(Cost $455,415)
|
455,415 | ||
TOTAL INVESTMENTS - 100.0% (Cost $111,336,215)
|
$ | 181,288,730 | |
Other Assets in Excess of Liabilities - 0.0%(c)
|
81,277 | ||
TOTAL NET ASSETS - 100.0% | $ | 181,370,007 |
(a) | Non-income producing security. |
(b) | The rate shown represents the 7-day effective yield as of June 30, 2024. |
(c) | Represents less than 0.05% of net assets. |
EA BRIDGEWAY OMNI SMALL CAP VALUE ETF |
SCHEDULE OF INVESTMENTS |
June 30, 2024 |
COMMON STOCKS - 99.7% | Shares | Value | |
Advertising - 0.6% | |||
Advantage Solutions, Inc.(a)
|
1,420,224 | $ | 4,573,121 |
comScore, Inc.(a)
|
8,395 | 119,125 | |
Entravision Communications Corp. - Class A | 395,550 | 802,967 | |
Fluent, Inc.(a)
|
53,767 | 194,099 | |
Thryv Holdings, Inc.(a)
|
102,648 | 1,829,187 | |
7,518,499 | |||
Aerospace & Defense - 0.0%(b)
|
|||
SIFCO Industries, Inc.(a)
|
6,050 | 18,755 | |
Agricultural & Farm Machinery - 0.2% | |||
Titan International, Inc.(a)
|
282,000 | 2,089,620 | |
Agricultural Products & Services - 0.4% | |||
Alico, Inc. | 14,993 | 388,469 | |
Fresh Del Monte Produce, Inc.(e)
|
236,744 | 5,172,856 | |
5,561,325 | |||
Air Freight & Logistics - 0.4% | |||
Air Transport Services Group, Inc.(a)
|
261,319 | 3,624,495 | |
Radiant Logistics, Inc.(a)
|
194,921 | 1,109,100 | |
4,733,595 | |||
Alternative Carriers - 0.8% | |||
Liberty Latin America Ltd. - Class A(a)(e)
|
180,815 | 1,737,632 | |
Liberty Latin America Ltd. - Class C(a)(e)
|
845,722 | 8,135,846 | |
9,873,478 | |||
Aluminum - 0.1% | |||
Century Aluminum Co.(a)
|
52,502 | 879,408 | |
Apparel Retail - 2.8% | |||
Abercrombie & Fitch Co. - Class A(a)
|
36,628 | 6,513,923 | |
Caleres, Inc. | 127,362 | 4,279,363 | |
Cato Corp. - Class A(c)
|
42,726 | 236,702 | |
Citi Trends, Inc.(a)
|
22,877 | 486,365 | |
Designer Brands, Inc. - Class A | 269,529 | 1,840,883 | |
Destination XL Group, Inc.(a)
|
60,128 | 218,866 | |
Duluth Holdings, Inc. - Class B(a)
|
83,969 | 309,846 | |
Foot Locker, Inc. | 363,504 | 9,058,520 | |
Genesco, Inc.(a)
|
55,600 | 1,437,816 | |
Guess?, Inc.(c)
|
164,226 | 3,350,210 | |
Lands' End, Inc.(a)
|
58,480 | 794,743 | |
Shoe Carnival, Inc. | 122,893 | 4,533,523 |
EA BRIDGEWAY OMNI SMALL CAP VALUE ETF
|
SCHEDULE OF INVESTMENTS (CONTINUED) |
June 30, 2024
|
COMMON STOCKS - 99.7% (CONTINUED) | Shares | Value | |
Apparel Retail - 2.8% (Continued) | |||
Tilly's, Inc. - Class A(a)
|
119,724 | $ | 721,936 |
Zumiez, Inc.(a)
|
78,861 | 1,536,212 | |
35,318,908 | |||
Apparel, Accessories & Luxury Goods - 0.8% | |||
Delta Apparel, Inc.(a)
|
38,080 | 22,086 | |
G-III Apparel Group Ltd.(a)
|
212,632 | 5,755,948 | |
Jerash Holdings US, Inc. | 700 | 2,135 | |
Lakeland Industries, Inc. | 11,593 | 265,943 | |
Movado Group, Inc. | 92,764 | 2,306,113 | |
Superior Group of Cos., Inc. | 77,483 | 1,465,204 | |
Vera Bradley, Inc.(a)
|
136,974 | 857,457 | |
Vince Holding Corp.(a)
|
5,633 | 7,774 | |
10,682,660 | |||
Application Software - 1.0% | |||
Cleanspark, Inc.(a)(c)
|
165,747 | 2,643,665 | |
E2open Parent Holdings, Inc. - Class A(a)
|
720,107 | 3,233,280 | |
NCR Voyix Corp.(a)
|
547,340 | 6,759,649 | |
NetSol Technologies, Inc.(a)
|
44,240 | 112,370 | |
12,748,964 | |||
Asset Management & Custody Banks - 0.2% | |||
Great Elm Group, Inc.(a)
|
3,272 | 5,890 | |
Hennessy Advisors, Inc. | 8,016 | 57,074 | |
US Global Investors, Inc. - Class A | 50,940 | 132,953 | |
Virtus Investment Partners, Inc. | 6,427 | 1,451,538 | |
Westwood Holdings Group, Inc. | 23,901 | 291,114 | |
1,938,569 | |||
Automobile Manufacturers - 0.5% | |||
Winnebago Industries, Inc. | 117,893 | 6,389,801 | |
Automotive Parts & Equipment - 1.9% | |||
American Axle & Manufacturing Holdings, Inc.(a)
|
497,560 | 3,477,944 | |
China Automotive Systems, Inc.(a)
|
129,769 | 460,680 | |
Dana, Inc. | 564,384 | 6,840,334 | |
Holley, Inc.(a)
|
236,377 | 846,230 | |
Kandi Technologies Group, Inc.(a)
|
88,749 | 194,360 | |
Patrick Industries, Inc. | 85,832 | 9,317,064 | |
Standard Motor Products, Inc. | 99,983 | 2,772,529 | |
Strattec Security Corp.(a)
|
4,482 | 112,050 | |
24,021,191 |
EA BRIDGEWAY OMNI SMALL CAP VALUE ETF
|
SCHEDULE OF INVESTMENTS (CONTINUED) |
June 30, 2024
|
COMMON STOCKS - 99.7% (CONTINUED) | Shares | Value | |
Automotive Retail - 0.1% | |||
CarParts.com, Inc.(a)
|
61,064 | $ | 61,064 |
OneWater Marine, Inc. - Class A(a)
|
52,808 | 1,455,917 | |
RumbleON, Inc. - Class B(a)(c)
|
62,800 | 257,480 | |
Sonic Automotive, Inc. - Class A | 969 | 52,781 | |
1,827,242 | |||
Biotechnology - 0.8% | |||
Carisma Therapeutics, Inc.(a)(c)
|
28,964 | 44,025 | |
iTeos Therapeutics, Inc.(a)
|
62,417 | 926,268 | |
Ovid therapeutics, Inc.(a)
|
137,970 | 106,127 | |
Vanda Pharmaceuticals, Inc.(a)
|
216,763 | 1,224,711 | |
Vir Biotechnology, Inc.(a)
|
493,504 | 4,392,186 | |
Voyager Therapeutics, Inc.(a)
|
42,531 | 336,420 | |
XBiotech, Inc.(a) (e)
|
69,137 | 355,364 | |
Zymeworks, Inc.(a)
|
318,643 | 2,711,652 | |
10,096,753 | |||
Broadcasting - 0.7% | |||
AMC Networks, Inc. - Class A(a)
|
166,656 | 1,609,897 | |
Cumulus Media, Inc. - Class A(a)
|
16,176 | 32,999 | |
EW Scripps Co. - Class A(a)
|
262,768 | 825,092 | |
Gray Television, Inc. | 342,654 | 1,781,801 | |
Saga Communications, Inc. - Class A | 26,050 | 410,287 | |
Salem Media Group, Inc.(a)
|
58,752 | 13,513 | |
Sinclair, Inc. | 220,298 | 2,936,572 | |
Townsquare Media, Inc. - Class A | 68,985 | 756,076 | |
Urban One, Inc.(a)
|
143,597 | 215,395 | |
8,581,632 | |||
Broadline Retail - 0.0%(b)
|
|||
Qurate Retail, Inc. - Class A(a)
|
483,582 | 304,657 | |
Building Products - 2.0% | |||
American Woodmark Corp.(a)
|
80,504 | 6,327,615 | |
AZZ, Inc. | 20,293 | 1,567,634 | |
JELD-WEN Holding, Inc.(a)
|
387,717 | 5,222,548 | |
Masterbrand, Inc.(a)
|
587,246 | 8,620,771 | |
Quanex Building Products Corp. | 136,032 | 3,761,285 | |
25,499,853 | |||
Cable & Satellite - 0.4% | |||
EchoStar Corp. - Class A(a)
|
304,637 | 5,425,585 | |
WideOpenWest, Inc.(a)
|
40,024 | 216,530 | |
5,642,115 |
EA BRIDGEWAY OMNI SMALL CAP VALUE ETF
|
SCHEDULE OF INVESTMENTS (CONTINUED) |
June 30, 2024
|
COMMON STOCKS - 99.7% (CONTINUED) | Shares | Value | |
Cargo Ground Transportation - 1.0% | |||
ArcBest Corp. | 2,954 | $ | 316,314 |
Covenant Logistics Group, Inc. | 85,334 | 4,206,113 | |
Heartland Express, Inc. | 243,173 | 2,998,323 | |
PAM Transportation Services, Inc.(a)
|
58,556 | 1,017,118 | |
Universal Logistics Holdings, Inc. | 93,197 | 3,782,866 | |
12,320,734 | |||
Casinos & Gaming - 0.2% | |||
Bally's Corp.(a)
|
150,930 | 1,806,632 | |
Century Casinos, Inc.(a)
|
71,975 | 199,371 | |
Golden Entertainment, Inc. | 8,018 | 249,440 | |
2,255,443 | |||
Coal & Consumable Fuels - 0.2% | |||
CONSOL Energy, Inc. | 1,449 | 147,841 | |
Hallador Energy Co.(a)
|
210,641 | 1,636,681 | |
NACCO Industries, Inc. - Class A | 32,986 | 912,723 | |
2,697,245 | |||
Commercial & Residential Mortgage Finance - 1.6% | |||
Federal Agricultural Mortgage Corp. - Class C | 30,362 | 5,490,057 | |
Guild Holdings Co. - Class A | 256,213 | 3,789,390 | |
loanDepot, Inc. - Class A(a)
|
221,750 | 365,887 | |
Merchants Bancorp | 152,181 | 6,169,418 | |
Onity Group, Inc.(a)
|
40,572 | 972,917 | |
Security National Financial Corp. - Class A(a)
|
45,159 | 360,820 | |
Velocity Financial, Inc.(a)
|
131,753 | 2,362,331 | |
Waterstone Financial, Inc. | 70,316 | 899,342 | |
20,410,162 | |||
Commercial Printing - 0.5% | |||
Deluxe Corp. | 209,269 | 4,700,182 | |
Quad Graphics, Inc. | 265,282 | 1,445,787 | |
6,145,969 | |||
Commodity Chemicals - 1.6% | |||
AdvanSix, Inc. | 142,814 | 3,273,297 | |
Core Molding Technologies, Inc.(a)
|
34,440 | 548,973 | |
Koppers Holdings, Inc. | 43,126 | 1,595,231 | |
Kronos Worldwide, Inc. | 76,976 | 966,049 | |
Mativ Holdings, Inc. | 212,659 | 3,606,697 | |
Tronox Holdings PLC (f)
|
654,415 | 10,267,771 | |
20,258,018 |
EA BRIDGEWAY OMNI SMALL CAP VALUE ETF
|
SCHEDULE OF INVESTMENTS (CONTINUED) |
June 30, 2024
|
COMMON STOCKS - 99.7% (CONTINUED) | Shares | Value | |
Communications Equipment - 0.5% | |||
ClearOne, Inc. | 26,370 | $ | 17,143 |
KVH Industries, Inc.(a)
|
26,280 | 122,202 | |
NETGEAR, Inc.(a)
|
115,220 | 1,762,866 | |
NetScout Systems, Inc.(a)
|
232,613 | 4,254,492 | |
Network-1 Technologies, Inc. | 98,697 | 175,681 | |
6,332,384 | |||
Construction & Engineering - 0.9% | |||
Concrete Pumping Holdings, Inc.(a)
|
288,972 | 1,736,722 | |
Limbach Holdings, Inc.(a)
|
8,216 | 467,737 | |
Northwest Pipe Co.(a)
|
41,508 | 1,410,027 | |
Orion Group Holdings, Inc.(a)
|
237,291 | 2,256,637 | |
Tutor Perini Corp.(a)
|
235,845 | 5,136,704 | |
11,007,827 | |||
Construction Machinery & Heavy Transportation Equipment - 1.0% | |||
Commercial Vehicle Group, Inc.(a)
|
94,403 | 462,575 | |
Greenbrier Cos., Inc. | 144,176 | 7,143,921 | |
Manitowoc Co., Inc.(a)
|
159,924 | 1,843,924 | |
REV Group, Inc. | 380 | 9,458 | |
Twin Disc, Inc. | 13,161 | 155,036 | |
Wabash National Corp. | 142,223 | 3,106,150 | |
12,721,064 | |||
Consumer Electronics - 0.1% | |||
Koss Corp.(a)(c)
|
5,955 | 26,500 | |
Universal Electronics, Inc.(a)
|
40,836 | 474,514 | |
VOXX International Corp.(a)(c)
|
71,190 | 224,960 | |
725,974 | |||
Consumer Finance - 3.5% | |||
Atlanticus Holdings Corp.(a)
|
16,174 | 455,783 | |
Bread Financial Holdings, Inc. | 206,041 | 9,181,187 | |
Consumer Portfolio Services, Inc.(a)(c)
|
135,284 | 1,325,783 | |
Encore Capital Group, Inc.(a)
|
80,524 | 3,360,266 | |
Enova International, Inc.(a)
|
118,495 | 7,376,314 | |
EZCORP, Inc. - Class A(a)
|
308,325 | 3,228,163 | |
Green Dot Corp. - Class A(a)
|
167,460 | 1,582,497 | |
LendingClub Corp.(a)
|
339,029 | 2,868,185 | |
LendingTree, Inc.(a)
|
33,476 | 1,392,267 | |
Moneylion, Inc.(a)
|
33,504 | 2,463,884 | |
Navient Corp. | 421,821 | 6,141,714 | |
Nicholas Financial, Inc.(a)(e)
|
26,209 | 172,193 | |
Oportun Financial Corp.(a)
|
104,992 | 304,477 |
EA BRIDGEWAY OMNI SMALL CAP VALUE ETF
|
SCHEDULE OF INVESTMENTS (CONTINUED) |
June 30, 2024
|
COMMON STOCKS - 99.7% (CONTINUED) | Shares | Value | |
Consumer Finance - 3.5% (Continued) | |||
PROG Holdings, Inc. | 29,632 | $ | 1,027,638 |
Regional Management Corp. | 39,639 | 1,139,225 | |
World Acceptance Corp.(a)
|
20,358 | 2,515,842 | |
44,535,418 | |||
Data Processing & Outsourced Services - 0.2% | |||
Conduent, Inc.(a)
|
757,052 | 2,467,989 | |
Distributors - 0.6% | |||
A-Mark Precious Metals, Inc. | 16,054 | 519,668 | |
AMCON Distributing Co. | 2,622 | 369,702 | |
GigaCloud Technology, Inc. - Class A(a)(c)
|
176,110 | 5,357,266 | |
Weyco Group, Inc. | 34,300 | 1,039,976 | |
7,286,612 | |||
Diversified Banks - 0.3% | |||
Bank of NT Butterfield & Son Ltd. (e)
|
124,213 | 4,362,361 | |
Diversified Financial Services - 0.1% | |||
Alerus Financial Corp. | 44,659 | 875,763 | |
Diversified Support Services - 0.3% | |||
Civeo Corp.(e)
|
91,039 | 2,268,692 | |
Matthews International Corp. - Class A | 67,427 | 1,689,046 | |
3,957,738 | |||
Education Services - 1.2% | |||
American Public Education, Inc.(a)
|
82,011 | 1,441,753 | |
Chegg, Inc.(a)
|
353,540 | 1,117,186 | |
Lincoln Educational Services Corp.(a)
|
134,796 | 1,598,681 | |
Perdoceo Education Corp. | 340,761 | 7,299,101 | |
Universal Technical Institute, Inc.(a)
|
203,361 | 3,198,868 | |
14,655,589 | |||
Electrical Components & Equipment - 0.1% | |||
CBAK Energy Technology, Inc.(a)(c)
|
294,525 | 403,499 | |
LSI Industries, Inc. | 4,482 | 64,855 | |
Preformed Line Products Co. | 4,471 | 556,818 | |
Servotronics, Inc.(a)
|
1,500 | 17,850 | |
Ultralife Corp.(a)
|
33,736 | 358,276 | |
1,401,298 | |||
Electronic Components - 0.1% | |||
Bel Fuse, Inc. - Class B | 20,000 | 1,304,800 | |
EA BRIDGEWAY OMNI SMALL CAP VALUE ETF
|
SCHEDULE OF INVESTMENTS (CONTINUED) |
June 30, 2024
|
COMMON STOCKS - 99.7% (CONTINUED) | Shares | Value | |
Electronic Equipment & Instruments - 0.2% | |||
Daktronics, Inc.(a)
|
214,546 | $ | 2,992,917 |
Electronic Manufacturing Services - 1.5% | |||
Benchmark Electronics, Inc. | 165,050 | 6,512,873 | |
Kimball Electronics, Inc.(a)
|
74,022 | 1,627,003 | |
Methode Electronics, Inc. | 106,176 | 1,098,922 | |
TTM Technologies, Inc.(a)
|
517,472 | 10,054,481 | |
19,293,279 | |||
Environmental & Facilities Services - 0.7% | |||
BrightView Holdings, Inc.(a)
|
449,737 | 5,981,502 | |
Enviri Corp.(a)
|
379,221 | 3,272,677 | |
9,254,179 | |||
Fertilizers & Agricultural Chemicals - 0.1% | |||
American Vanguard Corp. | 61,699 | 530,611 | |
Intrepid Potash, Inc.(a)
|
51,093 | 1,197,109 | |
1,727,720 | |||
Food Distributors - 1.0% | |||
Andersons, Inc. | 158,367 | 7,855,003 | |
SpartanNash Co. | 161,119 | 3,022,592 | |
United Natural Foods, Inc.(a)
|
184,856 | 2,421,614 | |
13,299,209 | |||
Food Retail - 0.8% | |||
Ingles Markets, Inc. - Class A | 85,293 | 5,851,953 | |
Natural Grocers by Vitamin Cottage, Inc. | 50,508 | 1,070,769 | |
Village Super Market, Inc. - Class A | 53,981 | 1,425,638 | |
Weis Markets, Inc. | 25,544 | 1,603,397 | |
9,951,757 | |||
Footwear - 0.1% | |||
Rocky Brands, Inc. | 29,520 | 1,091,059 | |
Gold - 0.0%(b)
|
|||
Caledonia Mining Corp. PLC(f)
|
52,108 | 506,490 | |
Health Care Distributors - 0.8% | |||
AdaptHealth Corp.(a)
|
541,822 | 5,418,220 | |
Owens & Minor, Inc.(a)
|
320,614 | 4,328,289 | |
9,746,509 | |||
EA BRIDGEWAY OMNI SMALL CAP VALUE ETF
|
SCHEDULE OF INVESTMENTS (CONTINUED) |
June 30, 2024
|
COMMON STOCKS - 99.7% (CONTINUED) | Shares | Value | |
Health Care Equipment - 0.2% | |||
FONAR Corp.(a)(c)
|
17,752 | $ | 284,032 |
Varex Imaging Corp.(a)
|
150,833 | 2,221,770 | |
2,505,802 | |||
Health Care Services - 1.0% | |||
American Shared Hospital Services(a)
|
11,188 | 35,746 | |
Cross Country Healthcare, Inc.(a)
|
121,930 | 1,687,511 | |
Enhabit, Inc.(a)
|
158,934 | 1,417,691 | |
Fulgent Genetics, Inc.(a)
|
85,846 | 1,684,299 | |
Pediatrix Medical Group, Inc.(a)
|
253,304 | 1,912,445 | |
Premier, Inc. - Class A | 332,238 | 6,202,883 | |
12,940,575 | |||
Health Care Supplies - 0.4% | |||
Avanos Medical, Inc.(a)
|
191,234 | 3,809,381 | |
OraSure Technologies, Inc.(a)
|
293,209 | 1,249,071 | |
5,058,452 | |||
Health Care Technology - 0.1% | |||
CareCloud, Inc.(a)
|
38,480 | 73,882 | |
Multiplan Corp.(a)(c)
|
1,671,040 | 649,032 | |
722,914 | |||
Heavy Electrical Equipment - 0.0%(b)
|
|||
Broadwind, Inc.(a)
|
53,190 | 174,463 | |
Home Furnishings - 0.9% | |||
Bassett Furniture Industries, Inc. | 24,213 | 344,067 | |
Ethan Allen Interiors, Inc. | 32,196 | 897,946 | |
Flexsteel Industries, Inc. | 20,976 | 651,515 | |
Hooker Furnishings Corp. | 46,776 | 677,316 | |
La-Z-Boy, Inc. | 192,468 | 7,175,207 | |
Live Ventures, Inc.(a)
|
16,911 | 383,711 | |
Lovesac Co.(a)
|
46,872 | 1,058,370 | |
11,188,132 | |||
Home Improvement Retail - 0.0%(b)
|
|||
GrowGeneration Corp.(a)
|
106,552 | 229,087 | |
Homebuilding - 1.6% | |||
Beazer Homes USA, Inc.(a)
|
154,043 | 4,233,102 | |
Hovnanian Enterprises, Inc. - Class A(a)
|
27,732 | 3,935,725 | |
Landsea Homes Corp.(a)
|
174,768 | 1,606,118 |
EA BRIDGEWAY OMNI SMALL CAP VALUE ETF
|
SCHEDULE OF INVESTMENTS (CONTINUED) |
June 30, 2024
|
COMMON STOCKS - 99.7% (CONTINUED) | Shares | Value | |
Homebuilding - 1.6% (Continued) | |||
Legacy Housing Corp.(a)
|
39,602 | $ | 908,470 |
M/I Homes, Inc.(a)
|
83,963 | 10,255,241 | |
20,938,656 | |||
Homefurnishing Retail - 0.3% | |||
Aaron's Co., Inc. | 164,139 | 1,638,107 | |
Haverty Furniture Cos., Inc. | 77,491 | 1,959,748 | |
3,597,855 | |||
Household Appliances - 0.1% | |||
Hamilton Beach Brands Holding Co. - Class A | 25,912 | 445,427 | |
Traeger, Inc.(a)
|
138,393 | 332,143 | |
777,570 | |||
Housewares & Specialties - 0.1% | |||
Lifetime Brands, Inc. | 91,269 | 784,001 | |
Human Resource & Employment Services - 0.5% | |||
Asure Software, Inc.(a)
|
35,333 | 296,797 | |
Heidrick & Struggles International, Inc. | 37,953 | 1,198,556 | |
Kelly Services, Inc. - Class A | 186,367 | 3,990,118 | |
TrueBlue, Inc.(a)
|
121,988 | 1,256,476 | |
6,741,947 | |||
Industrial Machinery & Supplies & Components - 0.4% | |||
Eastern Co. | 16,436 | 418,625 | |
Hurco Cos., Inc. | 26,092 | 398,164 | |
Mayville Engineering Co., Inc.(a)
|
82,595 | 1,376,032 | |
NN, Inc.(a)
|
170,525 | 511,575 | |
Park-Ohio Holdings Corp. | 10,338 | 267,651 | |
Proto Labs, Inc.(a)
|
58,657 | 1,811,915 | |
4,783,962 | |||
Insurance Brokers - 0.0%(b)
|
|||
Crawford & Co. - Class A | 8,316 | 71,850 | |
Crawford & Co. - Class B | 101 | 809 | |
GoHealth, Inc.(a)
|
20,976 | 203,887 | |
276,546 | |||
Integrated Telecommunication Services - 0.1% | |||
ATN International, Inc. | 73,204 | 1,669,051 | |
EA BRIDGEWAY OMNI SMALL CAP VALUE ETF
|
SCHEDULE OF INVESTMENTS (CONTINUED) |
June 30, 2024
|
COMMON STOCKS - 99.7% (CONTINUED) | Shares | Value | |
Interactive Media & Services - 0.0%(b)
|
|||
DHI Group, Inc.(a)
|
4,460 | $ | 9,321 |
Outbrain, Inc.(a)
|
26,370 | 131,323 | |
140,644 | |||
Investment Banking & Brokerage - 0.2% | |||
Oppenheimer Holdings, Inc. - Class A | 40,071 | 1,919,802 | |
IT Consulting & Other Services - 0.0%(b)
|
|||
WidePoint Corp.(a)
|
25,720 | 107,767 | |
Leisure Products - 1.3% | |||
American Outdoor Brands, Inc.(a)
|
21,376 | 192,384 | |
AMMO, Inc.(a)
|
542,462 | 911,336 | |
Clarus Corp. | 90,464 | 608,823 | |
JAKKS Pacific, Inc.(a)
|
51,733 | 926,538 | |
Johnson Outdoors, Inc. - Class A | 17,473 | 611,205 | |
Latham Group, Inc.(a)
|
292,280 | 885,608 | |
MasterCraft Boat Holdings, Inc.(a)
|
73,877 | 1,394,798 | |
Smith & Wesson Brands, Inc. | 70,171 | 1,006,252 | |
Solo Brands, Inc. - Class A(a)
|
381,347 | 869,471 | |
Vista Outdoor, Inc.(a)
|
252,887 | 9,521,196 | |
16,927,611 | |||
Life & Health Insurance - 0.0%(b)
|
|||
Citizens, Inc.(a)(c)
|
131,313 | 357,171 | |
Marine Transportation - 2.5% | |||
Costamare, Inc.(e)
|
543,630 | 8,931,841 | |
Genco Shipping & Trading Ltd.(e)
|
242,777 | 5,173,578 | |
Golden Ocean Group Ltd.(e)
|
882,462 | 12,177,976 | |
Pangaea Logistics Solutions Ltd.(e)
|
321,527 | 2,517,556 | |
Safe Bulkers, Inc.(e)
|
493,569 | 2,872,571 | |
31,673,522 | |||
Movies & Entertainment - 0.6% | |||
Marcus Corp. | 152,802 | 1,737,359 | |
Sphere Entertainment Co.(a)
|
162,337 | 5,691,535 | |
7,428,894 | |||
Multi-line Insurance - 0.4% | |||
Atlantic American Corp. | 1,204 | 2,035 | |
Horace Mann Educators Corp. | 154,739 | 5,047,586 | |
5,049,621 | |||
EA BRIDGEWAY OMNI SMALL CAP VALUE ETF
|
SCHEDULE OF INVESTMENTS (CONTINUED) |
June 30, 2024
|
COMMON STOCKS - 99.7% (CONTINUED) | Shares | Value | |
Office Services & Supplies - 1.5% | |||
ACCO Brands Corp. | 413,811 | $ | 1,944,912 |
Acme United Corp. | 3,696 | 129,619 | |
ARC Document Solutions, Inc. | 242,094 | 639,128 | |
CompX International, Inc. | 1,500 | 37,005 | |
MillerKnoll, Inc. | 340,920 | 9,030,971 | |
NL Industries, Inc. | 147,644 | 890,293 | |
Steelcase, Inc. - Class A | 529,336 | 6,860,194 | |
19,532,122 | |||
Oil & Gas Equipment & Services - 2.3% | |||
Archrock, Inc. | 61,503 | 1,243,591 | |
Bristow Group, Inc.(a)
|
35,486 | 1,189,846 | |
DMC Global, Inc.(a)
|
86,455 | 1,246,681 | |
Energy Services of America Corp. | 8,116 | 58,111 | |
Forum Energy Technologies, Inc.(a)
|
11,788 | 198,746 | |
Geospace Technologies Corp.(a)
|
28,904 | 259,558 | |
Helix Energy Solutions Group, Inc.(a)
|
113,018 | 1,349,435 | |
Mammoth Energy Services, Inc.(a)
|
79,003 | 259,130 | |
Natural Gas Services Group, Inc.(a)
|
84,435 | 1,698,832 | |
NCS Multistage Holdings, Inc.(a)
|
18,204 | 305,463 | |
Newpark Resources, Inc.(a)
|
90,776 | 754,349 | |
Oil States International, Inc.(a)
|
336,783 | 1,495,316 | |
ProPetro Holding Corp.(a)
|
500,987 | 4,343,557 | |
Ranger Energy Services, Inc. | 108,066 | 1,136,854 | |
RPC, Inc. | 838,466 | 5,240,412 | |
SEACOR Marine Holdings, Inc.(a)
|
82,487 | 1,112,750 | |
Select Water Solutions, Inc. | 545,169 | 5,833,308 | |
Smart Sand, Inc.(a)
|
136,747 | 288,536 | |
Solaris Oilfield Infrastructure, Inc. - Class A | 124,000 | 1,063,920 | |
29,078,395 | |||
Oil & Gas Exploration & Production - 4.4% | |||
Amplify Energy Corp.(a)
|
140,602 | 953,282 | |
Barnwell Industries, Inc. | 47,768 | 112,255 | |
Battalion Oil Corp.(a)
|
993 | 3,317 | |
Berry Corp. | 368,314 | 2,379,308 | |
Crescent Energy Co. - Class A | 830,353 | 9,839,683 | |
Epsilon Energy Ltd.(f)
|
81,963 | 446,698 | |
Gran Tierra Energy, Inc.(a)
|
148,629 | 1,437,242 | |
Gulfport Energy Corp.(a)
|
68,271 | 10,308,921 | |
HighPeak Energy, Inc.(c)
|
165,044 | 2,320,519 | |
PEDEVCO Corp.(a)
|
57,043 | 51,601 | |
PHX Minerals, Inc. | 122,278 | 398,626 | |
PrimeEnergy Resources Corp.(a)
|
2,010 | 213,763 |
EA BRIDGEWAY OMNI SMALL CAP VALUE ETF
|
SCHEDULE OF INVESTMENTS (CONTINUED) |
June 30, 2024
|
COMMON STOCKS - 99.7% (CONTINUED) | Shares | Value | |
Oil & Gas Exploration & Production - 4.4% (Continued) | |||
Riley Exploration Permian, Inc. | 28,092 | $ | 795,285 |
Ring Energy, Inc.(a)
|
577,180 | 975,434 | |
SandRidge Energy, Inc. | 220,397 | 2,849,733 | |
SilverBow Resources, Inc.(a)
|
88,713 | 3,356,013 | |
Talos Energy, Inc.(a)
|
729,725 | 8,866,159 | |
US Energy Corp.(a)
|
20,376 | 20,784 | |
VAALCO Energy, Inc. | 490,472 | 3,075,259 | |
Vital Energy, Inc.(a)
|
174,355 | 7,814,591 | |
56,218,473 | |||
Oil & Gas Refining & Marketing - 2.0% | |||
Adams Resources & Energy, Inc. | 17,604 | 492,912 | |
Delek US Holdings, Inc. | 303,373 | 7,511,515 | |
FutureFuel Corp. | 210,874 | 1,081,784 | |
Par Pacific Holdings, Inc.(a)
|
283,386 | 7,155,496 | |
REX American Resources Corp.(a)
|
68,303 | 3,113,934 | |
World Kinect Corp. | 260,787 | 6,728,305 | |
26,083,946 | |||
Oil & Gas Storage & Transportation - 3.1% | |||
Ardmore Shipping Corp.(e)
|
197,289 | 4,444,921 | |
Dorian LPG Ltd.(e)
|
190,795 | 8,005,758 | |
Golar LNG Ltd.(e)
|
57,659 | 1,807,610 | |
SFL Corp. Ltd.(e)
|
666,101 | 9,245,482 | |
Teekay Corp.(a)(e)
|
644,338 | 5,779,712 | |
Teekay Tankers Ltd. - Class A(e)
|
150,192 | 10,334,711 | |
39,618,194 | |||
Other Specialty Retail - 1.1% | |||
1-800-Flowers.com, Inc. - Class A(a)
|
226,565 | 2,156,899 | |
Big 5 Sporting Goods Corp.(c)
|
109,355 | 323,691 | |
MarineMax, Inc.(a)
|
20,401 | 660,380 | |
ODP Corp.(a)
|
176,047 | 6,913,366 | |
Sally Beauty Holdings, Inc.(a)
|
315,516 | 3,385,487 | |
Sportsman's Warehouse Holdings, Inc.(a)
|
114,428 | 275,771 | |
13,715,594 | |||
Packaged Foods & Meats - 0.7% | |||
B&G Foods, Inc. | 299,540 | 2,420,283 | |
Dole PLC | 440,219 | 5,388,281 | |
Seneca Foods Corp. - Class A(a)
|
14,151 | 812,267 | |
8,620,831 | |||
EA BRIDGEWAY OMNI SMALL CAP VALUE ETF
|
SCHEDULE OF INVESTMENTS (CONTINUED) |
June 30, 2024
|
COMMON STOCKS - 99.7% (CONTINUED) | Shares | Value | |
Paper & Plastic Packaging Products & Materials - 0.7% | |||
Pactiv Evergreen, Inc. | 630,941 | $ | 7,142,252 |
Ranpak Holdings Corp.(a)
|
291,425 | 1,873,863 | |
9,016,115 | |||
Paper Products - 0.6% | |||
Clearwater Paper Corp.(a)
|
101,159 | 4,903,177 | |
Mercer International, Inc. | 267,083 | 2,280,889 | |
7,184,066 | |||
Passenger Airlines - 2.2% | |||
Allegiant Travel Co. | 76,675 | 3,851,385 | |
JetBlue Airways Corp.(a)
|
1,223,577 | 7,451,584 | |
SkyWest, Inc.(a)
|
172,777 | 14,179,808 | |
Sun Country Airlines Holdings, Inc.(a)
|
202,591 | 2,544,543 | |
28,027,320 | |||
Personal Care Products - 0.1% | |||
Lifevantage Corp. | 78,859 | 506,275 | |
Mannatech, Inc. | 5,650 | 39,606 | |
Natural Alternatives International, Inc.(a)
|
22,848 | 137,545 | |
Nature's Sunshine Products, Inc.(a)
|
7,253 | 109,303 | |
792,729 | |||
Pharmaceuticals - 0.4% | |||
Assertio Holdings, Inc.(a)(c)
|
409,937 | 508,322 | |
Innoviva, Inc.(a)
|
269,086 | 4,413,010 | |
JanOne, Inc.(a)
|
15,822 | 35,441 | |
Ocuphire Pharma, Inc.(a)(c)
|
39,305 | 60,137 | |
ProPhase Labs, Inc.(a)
|
3,672 | 15,349 | |
SCYNEXIS, Inc.(a)
|
95,254 | 190,508 | |
5,222,767 | |||
Property & Casualty Insurance - 1.5% | |||
Ambac Financial Group, Inc.(a)
|
164,139 | 2,104,262 | |
Donegal Group, Inc. - Class A | 119,856 | 1,543,745 | |
Employers Holdings, Inc. | 742 | 31,631 | |
Hallmark Financial Services, Inc.(a)(d)
|
11,510 | 1 | |
Heritage Insurance Holdings, Inc.(a)
|
104,058 | 736,731 | |
Investors Title Co. | 4,385 | 789,870 | |
James River Group Holdings Ltd.(f)
|
107,013 | 827,211 | |
Mercury General Corp. | 9,139 | 485,646 | |
Stewart Information Services Corp. | 81,014 | 5,029,349 | |
Tiptree, Inc. | 167,953 | 2,769,545 |
EA BRIDGEWAY OMNI SMALL CAP VALUE ETF
|
SCHEDULE OF INVESTMENTS (CONTINUED) |
June 30, 2024
|
COMMON STOCKS - 99.7% (CONTINUED) | Shares | Value | |
Property & Casualty Insurance - 1.5% (Continued) | |||
United Fire Group, Inc. | 67,452 | $ | 1,449,544 |
Universal Insurance Holdings, Inc. | 176,656 | 3,314,067 | |
19,081,602 | |||
Publishing - 0.7% | |||
Gannett Co., Inc.(a)
|
842,288 | 3,882,948 | |
Scholastic Corp. | 142,270 | 5,046,317 | |
8,929,265 | |||
Real Estate Development - 0.6% | |||
AMREP Corp.(a)
|
40,652 | 768,729 | |
Forestar Group, Inc.(a)
|
231,652 | 7,410,548 | |
8,179,277 | |||
Real Estate Services - 1.1% | |||
Anywhere Real Estate, Inc.(a)
|
520,113 | 1,721,574 | |
Newmark Group, Inc. - Class A | 707,449 | 7,237,203 | |
Opendoor Technologies, Inc.(a)
|
2,497,562 | 4,595,514 | |
RE/MAX Holdings, Inc. - Class A | 54,304 | 439,863 | |
13,994,154 | |||
Regional Banks - 23.6% | |||
1st Source Corp. | 80,304 | 4,305,900 | |
ACNB Corp. | 44,996 | 1,632,005 | |
Amalgamated Financial Corp. | 118,224 | 3,239,338 | |
AmeriServ Financial, Inc. | 90,192 | 203,834 | |
Ames National Corp. | 7,916 | 162,199 | |
Arrow Financial Corp. | 28,744 | 748,781 | |
Auburn National BanCorp, Inc. | 10,062 | 184,034 | |
Banc of California, Inc. | 195,893 | 2,503,513 | |
Bank of Marin Bancorp | 21,572 | 349,251 | |
Bank of the James Financial Group, Inc. | 18,704 | 210,607 | |
Bank7 Corp. | 31,164 | 975,433 | |
BankUnited, Inc. | 300,205 | 8,787,000 | |
Bankwell Financial Group, Inc. | 18,704 | 474,520 | |
Banner Corp. | 88,005 | 4,368,568 | |
Bar Harbor Bankshares | 41,489 | 1,115,224 | |
BayCom Corp. | 31,187 | 634,655 | |
BCB Bancorp, Inc. | 69,503 | 738,817 | |
Berkshire Hills Bancorp, Inc. | 130,852 | 2,983,426 | |
Blue Ridge Bankshares, Inc.(a)(c)
|
31,245 | 81,549 | |
Bridgewater Bancshares, Inc.(a)
|
15,719 | 182,498 | |
Brookline Bancorp, Inc. | 230,362 | 1,923,523 | |
Burke & Herbert Financial Services Corp. | 108 | 5,506 |
EA BRIDGEWAY OMNI SMALL CAP VALUE ETF
|
SCHEDULE OF INVESTMENTS (CONTINUED) |
June 30, 2024
|
COMMON STOCKS - 99.7% (CONTINUED) | Shares | Value | |
Regional Banks - 23.6% (Continued) | |||
Business First Bancshares, Inc. | 71,251 | $ | 1,550,422 |
Byline Bancorp, Inc. | 147,301 | 3,496,926 | |
C&F Financial Corp.(c)
|
12,862 | 619,948 | |
California BanCorp(a)
|
6,493 | 139,599 | |
Camden National Corp. | 36,016 | 1,188,528 | |
Capital Bancorp, Inc. | 84,688 | 1,736,104 | |
Capital City Bank Group, Inc. | 23,603 | 671,269 | |
Capitol Federal Financial, Inc. | 390,608 | 2,144,438 | |
Carter Bankshares, Inc.(a)
|
76,455 | 1,156,000 | |
CB Financial Services, Inc. | 30,964 | 701,644 | |
Central Pacific Financial Corp. | 81,963 | 1,737,616 | |
CF Bankshares, Inc. | 2,672 | 50,127 | |
Chemung Financial Corp. | 20,173 | 968,304 | |
ChoiceOne Financial Services, Inc. | 25,720 | 736,878 | |
Citizens Community Bancorp, Inc. | 55,284 | 639,636 | |
Citizens Financial Services, Inc. | 1,461 | 65,678 | |
Citizens Holding Co. | 4,072 | 31,965 | |
Civista Bancshares, Inc. | 47,589 | 737,154 | |
CNB Financial Corp. | 65,472 | 1,336,283 | |
Coastal Financial Corp.(a)
|
10,548 | 486,685 | |
Codorus Valley Bancorp, Inc. | 51,704 | 1,242,964 | |
Colony Bankcorp, Inc. | 33,736 | 413,266 | |
Community Trust Bancorp, Inc. | 61,224 | 2,673,040 | |
Community West Bancshares | 72,572 | 1,342,582 | |
ConnectOne Bancorp, Inc. | 130,004 | 2,455,776 | |
CrossFirst Bankshares, Inc.(a)
|
174,027 | 2,439,859 | |
Customers Bancorp, Inc.(a)
|
20,568 | 986,853 | |
Dime Community Bancshares, Inc. | 70,356 | 1,435,262 | |
Eagle Bancorp Montana, Inc. | 21,376 | 283,659 | |
Eagle Bancorp, Inc. | 26,960 | 509,544 | |
Enterprise Bancorp, Inc. | 55,059 | 1,369,868 | |
Enterprise Financial Services Corp. | 96,930 | 3,965,406 | |
Equity Bancshares, Inc. - Class A | 70,644 | 2,486,669 | |
ESSA Bancorp, Inc. | 45,196 | 794,998 | |
Evans Bancorp, Inc.(c)
|
3,751 | 105,441 | |
Farmers National Banc Corp. | 24,715 | 308,690 | |
FB Financial Corp. | 131,750 | 5,142,202 | |
Financial Institutions, Inc. | 63,100 | 1,219,092 | |
Finwise Bancorp(a)
|
20,376 | 208,039 | |
First Bancorp, Inc. | 6,344 | 157,648 | |
First Bancorp/Southern Pines NC | 65,696 | 2,097,016 | |
First Bancshares, Inc. | 88,376 | 2,296,008 | |
First Bank Hamilton NJ | 80,221 | 1,022,016 |
EA BRIDGEWAY OMNI SMALL CAP VALUE ETF
|
SCHEDULE OF INVESTMENTS (CONTINUED) |
June 30, 2024
|
COMMON STOCKS - 99.7% (CONTINUED) | Shares | Value | |
Regional Banks - 23.6% (Continued) | |||
First Busey Corp. | 182,152 | $ | 4,409,900 |
First Business Financial Services, Inc. | 44,161 | 1,633,515 | |
First Capital, Inc. | 13,360 | 406,812 | |
First Commonwealth Financial Corp. | 198,417 | 2,740,139 | |
First Community Bankshares, Inc. | 27,992 | 1,031,225 | |
First Community Corp.(c)
|
35,208 | 607,338 | |
First Financial Bancorp | 276,442 | 6,142,541 | |
First Financial Corp. | 43,576 | 1,607,083 | |
First Financial Northwest, Inc. | 20,276 | 428,432 | |
First Foundation, Inc. | 49,980 | 327,369 | |
First Guaranty Bancshares, Inc. | 38,328 | 344,952 | |
First Merchants Corp. | 199,082 | 6,627,440 | |
First Mid Bancshares, Inc. | 57,166 | 1,879,618 | |
First National Corp. | 12,860 | 195,343 | |
First Northwest Bancorp | 16,132 | 156,319 | |
First of Long Island Corp. | 55,100 | 552,102 | |
First Savings Financial Group, Inc. | 30,590 | 544,196 | |
First United Corp. | 22,507 | 459,593 | |
First US Bancshares, Inc. | 6,344 | 58,682 | |
First Western Financial, Inc.(a)
|
20,787 | 353,379 | |
Flushing Financial Corp. | 87,622 | 1,152,229 | |
FNCB Bancorp, Inc. | 122,576 | 827,388 | |
Franklin Financial Services Corp. | 30,064 | 850,210 | |
FS Bancorp, Inc. | 32,777 | 1,194,722 | |
FVCBankcorp, Inc.(a)
|
51,525 | 562,653 | |
Guaranty Bancshares, Inc. | 23,253 | 733,400 | |
Hanmi Financial Corp.(c)
|
98,220 | 1,642,238 | |
HarborOne Bancorp, Inc. | 111,894 | 1,245,380 | |
Hawthorn Bancshares, Inc. | 25,829 | 511,414 | |
Heartland Financial USA, Inc. | 101,716 | 4,521,276 | |
Heritage Commerce Corp. | 143,095 | 1,244,926 | |
Heritage Financial Corp. | 107,366 | 1,935,809 | |
Hilltop Holdings, Inc. | 180,208 | 5,636,906 | |
HMN Financial, Inc. | 29,904 | 684,503 | |
Home Bancorp, Inc. | 28,489 | 1,139,845 | |
HomeTrust Bancshares, Inc. | 10,524 | 316,036 | |
Hope Bancorp, Inc. | 389,550 | 4,183,767 | |
Horizon Bancorp, Inc. | 105,766 | 1,308,325 | |
Independent Bank Corp. | 110,147 | 5,586,656 | |
Independent Bank Corp. | 89,479 | 2,415,933 | |
Independent Bank Group, Inc. | 100,912 | 4,593,514 | |
Investar Holding Corp. | 48,978 | 754,261 | |
Kearny Financial Corp. | 159,397 | 980,292 |
EA BRIDGEWAY OMNI SMALL CAP VALUE ETF
|
SCHEDULE OF INVESTMENTS (CONTINUED) |
June 30, 2024
|
COMMON STOCKS - 99.7% (CONTINUED) | Shares | Value | |
Regional Banks - 23.6% (Continued) | |||
Landmark Bancorp, Inc. | 12,943 | $ | 248,506 |
LCNB Corp. | 53,012 | 737,397 | |
MainStreet Bancshares, Inc.(c)
|
39,546 | 701,151 | |
Mercantile Bank Corp. | 50,137 | 2,034,058 | |
Metrocity Bankshares, Inc. | 48,030 | 1,267,992 | |
Metropolitan Bank Holding Corp.(a)
|
36,376 | 1,531,066 | |
Mid Penn Bancorp, Inc. | 33,608 | 737,696 | |
Middlefield Banc Corp. | 15,732 | 378,355 | |
Midland States Bancorp, Inc. | 69,899 | 1,583,212 | |
MidWestOne Financial Group, Inc. | 57,166 | 1,285,663 | |
MVB Financial Corp. | 11,818 | 220,288 | |
National Bank Holdings Corp. - Class A | 116,730 | 4,558,306 | |
Nicolet Bankshares, Inc. | 36,203 | 3,006,297 | |
Northeast Community Bancorp, Inc. | 58,160 | 1,036,411 | |
Northfield Bancorp, Inc. | 116,783 | 1,107,103 | |
Northrim BanCorp, Inc. | 19,759 | 1,138,909 | |
Northwest Bancshares, Inc. | 326,039 | 3,765,750 | |
Oak Valley Bancorp | 36,128 | 902,116 | |
OceanFirst Financial Corp. | 153,868 | 2,444,963 | |
Ohio Valley Banc Corp. | 8,016 | 160,320 | |
Old Point Financial Corp. | 17,504 | 256,784 | |
Old Second Bancorp, Inc. | 109,419 | 1,620,495 | |
OP Bancorp | 47,768 | 458,095 | |
Origin Bancorp, Inc. | 81,197 | 2,575,569 | |
Orrstown Financial Services, Inc. | 23,712 | 648,760 | |
Parke Bancorp, Inc. | 43,188 | 751,471 | |
Pathward Financial, Inc. | 1,572 | 88,928 | |
PCB Bancorp | 49,494 | 805,762 | |
Peapack-Gladstone Financial Corp. | 46,298 | 1,048,650 | |
Penns Woods Bancorp, Inc. | 25,920 | 532,656 | |
Peoples Bancorp of North Carolina, Inc. | 28,804 | 841,077 | |
Peoples Bancorp, Inc. | 129,514 | 3,885,420 | |
Peoples Financial Services Corp. | 28,592 | 1,302,080 | |
Pioneer Bancorp, Inc.(a)
|
54,571 | 546,256 | |
Plumas Bancorp | 2,672 | 96,139 | |
Ponce Financial Group, Inc.(a)
|
10,088 | 92,204 | |
Preferred Bank | 44,089 | 3,328,279 | |
Premier Financial Corp. | 83,761 | 1,713,750 | |
Primis Financial Corp. | 51,965 | 544,593 | |
Princeton Bancorp, Inc. | 30,564 | 1,011,668 | |
Provident Bancorp, Inc.(a)
|
38,080 | 388,035 | |
Provident Financial Holdings, Inc. | 24,451 | 305,637 | |
Provident Financial Services, Inc. | 235,898 | 3,385,136 |
EA BRIDGEWAY OMNI SMALL CAP VALUE ETF
|
SCHEDULE OF INVESTMENTS (CONTINUED) |
June 30, 2024
|
COMMON STOCKS - 99.7% (CONTINUED) | Shares | Value | |
Regional Banks - 23.6% (Continued) | |||
QCR Holdings, Inc. | 60,811 | $ | 3,648,660 |
RBB Bancorp | 50,418 | 948,363 | |
Red River Bancshares, Inc. | 1,350 | 64,786 | |
Renasant Corp. | 181,429 | 5,540,842 | |
Republic Bancorp, Inc. - Class A | 60,621 | 3,249,892 | |
Rhinebeck Bancorp, Inc.(a)
|
47,768 | 375,456 | |
Riverview Bancorp, Inc. | 85,326 | 340,451 | |
S&T Bancorp, Inc. | 123,668 | 4,129,275 | |
Sandy Spring Bancorp, Inc. | 106,781 | 2,601,185 | |
SB Financial Group, Inc. | 35,886 | 502,404 | |
Shore Bancshares, Inc. | 140,326 | 1,606,733 | |
Sierra Bancorp | 71,242 | 1,594,396 | |
Simmons First National Corp. - Class A | 318,757 | 5,603,748 | |
SmartFinancial, Inc. | 63,937 | 1,513,389 | |
Sound Financial Bancorp, Inc. | 13,075 | 574,777 | |
South Plains Financial, Inc. | 97,374 | 2,629,098 | |
Southern First Bancshares, Inc.(a)
|
13,760 | 402,342 | |
Southern Missouri Bancorp, Inc. | 18,961 | 853,435 | |
Southern States Bancshares, Inc. | 6,500 | 176,410 | |
Southside Bancshares, Inc. | 70,498 | 1,946,450 | |
Stellar Bancorp, Inc. | 132,112 | 3,033,292 | |
Sterling Bancorp, Inc.(a)
|
94,945 | 496,562 | |
Third Coast Bancshares, Inc.(a)
|
26,913 | 572,439 | |
Timberland Bancorp, Inc. | 48,076 | 1,302,379 | |
Towne Bank | 212,180 | 5,786,149 | |
TriCo Bancshares | 50,154 | 1,984,594 | |
TrustCo Bank Corp. | 67,998 | 1,956,302 | |
Trustmark Corp. | 196,219 | 5,894,419 | |
Union Bankshares, Inc. | 400 | 8,592 | |
United Bancorp, Inc. | 1,509 | 18,938 | |
United Security Bancshares | 46,789 | 339,220 | |
Unity Bancorp, Inc. | 31,695 | 937,221 | |
Univest Financial Corp. | 89,001 | 2,031,893 | |
Veritex Holdings, Inc. | 138,268 | 2,916,072 | |
Virginia National Bankshares Corp. | 1,687 | 55,334 | |
WaFd, Inc. | 247,529 | 7,074,379 | |
Washington Trust Bancorp, Inc. | 42,777 | 1,172,518 | |
WesBanco, Inc. | 176,552 | 4,927,566 | |
Western New England Bancorp, Inc. | 75,525 | 519,612 | |
299,891,520 | |||
EA BRIDGEWAY OMNI SMALL CAP VALUE ETF
|
SCHEDULE OF INVESTMENTS (CONTINUED) |
June 30, 2024
|
COMMON STOCKS - 99.7% (CONTINUED) | Shares | Value | |
Reinsurance - 0.7% | |||
Greenlight Capital Re Ltd. - Class A(a)
|
20,088 | $ | 263,153 |
SiriusPoint Ltd.(a)(e)
|
669,815 | 8,171,743 | |
8,434,896 | |||
Research & Consulting Services - 0.2% | |||
Mistras Group, Inc.(a)
|
183,732 | 1,523,138 | |
Resources Connection, Inc. | 150,390 | 1,660,306 | |
3,183,444 | |||
Restaurants - 0.3% | |||
Ark Restaurants Corp. | 18,804 | 244,640 | |
Biglari Holdings, Inc. - Class B(a)
|
8,716 | 1,685,500 | |
El Pollo Loco Holdings, Inc.(a)
|
158,561 | 1,793,325 | |
Flanigan's Enterprises, Inc. | 13,360 | 359,117 | |
Good Times Restaurants, Inc.(a)
|
36,008 | 91,100 | |
4,173,682 | |||
Semiconductor Materials & Equipment - 0.5% | |||
AXT, Inc.(a)
|
170,891 | 577,611 | |
Photronics, Inc.(a)
|
235,146 | 5,801,052 | |
Trio-Tech International(a)
|
32,736 | 199,356 | |
6,578,019 | |||
Semiconductors - 0.2% | |||
Alpha & Omega Semiconductor Ltd.(a)(e)
|
38,293 | 1,431,009 | |
Magnachip Semiconductor Corp.(a)
|
125,949 | 613,372 | |
2,044,381 | |||
Specialized Finance - 0.4% | |||
Acacia Research Corp.(a)
|
185,796 | 930,838 | |
Banco Latinoamericano de Comercio Exterior S(e)
|
131,827 | 3,911,307 | |
SWK Holdings Corp.(a)
|
51,880 | 881,441 | |
5,723,586 | |||
Specialty Chemicals - 0.3% | |||
Alto Ingredients, Inc.(a)
|
229,649 | 331,843 | |
Rayonier Advanced Materials, Inc.(a)
|
278,538 | 1,515,247 | |
Valhi, Inc. | 126,129 | 2,248,880 | |
4,095,970 | |||
Steel - 2.4% | |||
Ascent Industries Co.(a)
|
40,500 | 395,280 | |
Friedman Industries, Inc. | 33,136 | 500,353 | |
Metallus, Inc.(a)
|
228,215 | 4,625,918 |
EA BRIDGEWAY OMNI SMALL CAP VALUE ETF
|
SCHEDULE OF INVESTMENTS (CONTINUED) |
June 30, 2024
|
COMMON STOCKS - 99.7% (CONTINUED) | Shares | Value | |
Steel - 2.4% | |||
Olympic Steel, Inc. | 54,923 | $ | 2,462,198 |
Radius Recycling, Inc. - Class A | 120,452 | 1,839,302 | |
Ramaco Resources, Inc.(a)
|
109,255 | 1,360,225 | |
Ramaco Resources, Inc. - Class B | 13,574 | 147,414 | |
Ryerson Holding Corp. | 182,985 | 3,568,207 | |
SunCoke Energy, Inc. | 438,585 | 4,298,133 | |
Universal Stainless & Alloy Products, Inc.(a)
|
33,536 | 918,216 | |
Warrior Met Coal, Inc. | 167,614 | 10,521,131 | |
30,636,377 | |||
Systems Software - 0.1% | |||
Adeia, Inc. | 125,616 | 1,405,015 | |
Technology Distributors - 0.4% | |||
ScanSource, Inc.(a)
|
123,147 | 5,456,644 | |
Technology Hardware, Storage & Peripherals - 0.6% | |||
Eastman Kodak Co.(a)
|
325,040 | 1,748,715 | |
Xerox Holdings Corp. | 531,994 | 6,181,770 | |
7,930,485 | |||
Textiles - 0.0%(b)
|
|||
Crown Crafts, Inc. | 40,802 | 213,395 | |
Unifi, Inc.(a)
|
34,562 | 203,570 | |
416,965 | |||
Trading Companies & Distributors - 1.1% | |||
BlueLinx Holdings, Inc.(a)
|
42,690 | 3,974,012 | |
DNOW, Inc.(a)
|
508,458 | 6,981,129 | |
Hudson Technologies, Inc.(a)
|
170 | 1,494 | |
Titan Machinery, Inc.(a)
|
77,788 | 1,236,829 | |
Willis Lease Finance Corp. | 23,682 | 1,641,163 | |
13,834,627 | |||
Transaction & Payment Processing Services - 0.6% | |||
BM Technologies, Inc.(a)
|
23,640 | 53,190 | |
Paysafe Ltd.(a)
|
226,388 | 4,002,540 | |
Repay Holdings Corp.(a)
|
336,951 | 3,558,202 | |
7,613,932 | |||
Wireless Telecommunication Services - 1.7% | |||
Telephone and Data Systems, Inc. | 493,655 | 10,233,468 |
EA BRIDGEWAY OMNI SMALL CAP VALUE ETF
|
SCHEDULE OF INVESTMENTS (CONTINUED) |
June 30, 2024
|
COMMON STOCKS - 99.7% (CONTINUED) | Shares | Value | |
Wireless Telecommunication Services - 1.7% (Continued) | |||
United States Cellular Corp.(a)
|
205,097 | $ | 11,448,515 |
21,681,983 | |||
TOTAL COMMON STOCKS(Cost $1,126,036,342)
|
1,269,702,953 | ||
CLOSED END FUNDS - 0.0%(b)
|
|||
Logan Ridge Finance Corp. | 13,460 | 302,716 | |
Medallion Financial Corp. | 15,456 | 118,702 | |
TOTAL CLOSED END FUNDS(Cost $441,655)
|
421,418 | ||
CONTINGENT VALUE RIGHTS - 0.0%(b)
|
|||
Pineapple Holdings(a)(d)
|
3,750 | 1,387 | |
Resolute Forest Products(a)(d)
|
236,000 | 68,440 | |
TOTAL CONTINGENT VALUE RIGHTS(Cost $0)
|
69,827 | ||
REAL ESTATE INVESTMENT TRUSTS - 0.1% | |||
AFC Gamma, Inc. | 55,284 | 674,465 | |
Transcontinental Realty Investors, Inc.(a)
|
1,400 | 38,822 | |
TOTAL REAL ESTATE INVESTMENT TRUSTS(Cost $871,163)
|
713,287 | ||
WARRANTS - 0.0%(b)
|
Contracts | ||
Oil & Gas Drilling - 0.0%(b)
|
|||
Nabors Industries Ltd., Expires 06/11/2026, Exercise Price $166.67(a)(e)
|
5,200 | 34,320 | |
TOTAL WARRANTS(Cost $0)
|
34,320 | ||
PREFERRED STOCKS - 0.0%(b)
|
Shares | ||
Air Freight & Logistics - 0.0%(b)
|
|||
Air T Funding, 8.00%, 06/07/2049
|
529 | 8,940 | |
TOTAL PREFERRED STOCKS(Cost $11,003)
|
8,940 | ||
SHORT-TERM INVESTMENTS - 1.4% | |||
Investments Purchased with Proceeds from Securities Lending - 1.3% | |||
First American Government Obligations Fund - Class X, 5.23%(f)
|
15,764,056 | 15,764,056 | |
Money Market Funds - 0.1% | |||
First American Government Obligations Fund - Class X, 5.23%(f)
|
1,566,498 | 1,566,498 | |
TOTAL SHORT-TERM INVESTMENTS(Cost $17,330,554)
|
17,330,554 | ||
TOTAL INVESTMENTS - 101.2% (Cost $1,144,690,717)
|
$ | 1,288,281,299 | |
Liabilities in Excess of Other Assets - (1.2)% | (15,323,439) | ||
TOTAL NET ASSETS - 100.0% | $ | 1,272,957,860 |
EA BRIDGEWAY OMNI SMALL CAP VALUE ETF
|
SCHEDULE OF INVESTMENTS (CONTINUED) |
June 30, 2024
|
(a) | Non-income producing security. |
(b) | Represents less than 0.05% of net assets. |
(c) | All or a portion of this security is on loan as of June 30, 2024. The total market value of these securities was $14,817,410 which represented 1.2% of net assets. |
(d) | 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 $69,828 or 0.0% of net assets as of June 30, 2024. |
(e)
|
Foreign issued security. |
(f)
|
The rate shown represents the 7-day effective yield as of June 30, 2024. |
EA Bridgeway Blue Chip ETF | EA Bridgeway Omni Small-Cap Value ETF | |||
Assets: | ||||
Investments in securities, at value (See Note 2) (1)
|
$ | 181,288,730 | $ | 1,288,281,299 |
Cash | - | 3,810 | ||
Receivable for investments sold | 5,597,875 | - | ||
Receivable for fund shares sold | - | 1,530,810 | ||
Dividends and interest receivable | 60,670 | 859,005 | ||
Securities lending income receivable (See Note 5) | - | 22,369 | ||
ETF variable fee receivable | - | 59 | ||
Total assets | 186,947,275 | 1,290,697,352 | ||
Liabilities: | ||||
Due to securities lending agent (See Note 5) | - | 15,764,056 | ||
Payable for investment securities purchased | 5,555,552 | 1,504,710 | ||
Accrued investment advisory fees (See Note 4) | 21,716 | 470,726 | ||
Total liabilities | 5,577,268 | 17,739,492 | ||
Net Assets | $ | 181,370,007 | $ | 1,272,957,860 |
Net Assets Consist of: | ||||
Paid-in capital | $ | 111,671,853 | $ | 1,138,975,337 |
Total distributable earnings (accumulated deficit) | 69,698,154 | 133,982,523 | ||
Net Assets: | $ | 181,370,007 | $ | 1,272,957,860 |
Calculation of Net Asset Value Per Share: | ||||
Net Assets | $ | 181,370,007 | $ | 1,272,957,860 |
Shares Outstanding (unlimited shares of beneficial interest authorized, no par value) |
15,031,288 | 62,366,561 | ||
Net Asset Value per Share | $ | 12.07 | $ | 20.41 |
Cost of Investments in Securities | $ | 111,336,215 | $ | 1,144,690,717 |
(1)Includes loaned securities with a value of
|
$ | - | $ | 14,817,410 |
EA Bridgeway Blue Chip ETF | EA Bridgeway Omni Small-Cap Value ETF | |||
Investment Income: | ||||
Dividend income (net of foreign withholding tax of $0 and $25,085, respectively) |
$ | 2,575,935 | $ | 23,251,254 |
Interest income | 21,607 | 93,408 | ||
Securities lending income, net (See Note 5) | - | 251,210 | ||
Total investment income | 2,597,542 | 23,595,872 | ||
Expenses: | ||||
Investment advisory fees (See Note 4) | 204,867 | 4,812,357 | ||
Net expenses | 204,867 | 4,812,357 | ||
Net Investment Income (Loss) | 2,392,675 | 18,783,515 | ||
Realized and Unrealized Gain (Loss) on Investments: | ||||
Net realized gain (loss) on: | ||||
Investments | 25,102,160 | 114,546,157 | ||
25,102,160 | 114,546,157 | |||
Net change in unrealized appreciation (depreciation) on: | ||||
Investments | 3,736,968 | 11,727,221 | ||
3,736,968 | 11,727,221 | |||
Net realized and unrealized gain (loss) on investments: | 28,839,128 | 126,273,378 | ||
Net Increase (Decrease) in Net Assets Resulting from Operations | $ | 31,231,803 | $ | 145,056,893 |
EA Bridgeway Blue Chip ETF |
EA Bridgeway Omni Small-Cap Value ETF |
|||||||
For the Year Ended June 30, 2024 |
For the Year Ended June 30, 2023 ⁽¹⁾ |
For the Year Ended June 30, 2024 |
For the Year Ended June 30, 2023 ⁽²⁾ | |||||
Increase (Decrease) in Net Assets from: | ||||||||
Operations: | ||||||||
Net investment income (loss) | $ | 2,392,675 | $ | 3,658,154 | $ | 18,783,515 | $ | 15,821,551 |
Net realized gain (loss) on investments | 25,102,160 | 124,406,295 | 114,546,157 | 53,987,821 | ||||
Net change in unrealized appreciation (depreciation) on investments | 3,736,968 | (99,720,655) | 11,727,221 | (35,972,003) | ||||
Net increase (decrease) in net assets resulting from operations | 31,231,803 | 28,343,794 | 145,056,893 | 33,837,369 | ||||
Distributions to Shareholders: | ||||||||
Distributable earnings | (2,206,508) | (92,657,053) | (15,734,014) | (99,730,578) | ||||
Total distributions to shareholders | (2,206,508) | (92,657,053) | (15,734,014) | (99,730,578) | ||||
Capital Share Transactions: | ||||||||
Proceeds from shares sold | 68,428,906 | 56,730,584 | 627,965,070 | 281,727,056 | ||||
Reinvestment of distributions | - | 45,451,187 | - | 99,141,350 | ||||
Payments for shares redeemed | (40,348,930) | (239,844,160) | (269,441,835) | (344,419,140) | ||||
Transaction fees (See Note 1) | 13 | 31 | 522 | 57 | ||||
Net increase (decrease) in net assets derived from net change in capital share transactions | 28,079,989 | (137,662,358) | 358,523,757 | 36,449,323 | ||||
Net Increase (Decrease) in Net Assets | 57,105,284 | (201,975,617) | 487,846,636 | (29,443,886) | ||||
Net Assets: | ||||||||
Beginning of period | 124,264,723 | 326,240,340 | 785,111,224 | 814,555,110 | ||||
End of period | $ | 181,370,007 | $ | 124,264,723 | $ | 1,272,957,860 | $ | 785,111,224 |
Changes in Shares Outstanding: | ||||||||
Shares outstanding, beginning of period | 12,631,288 | 26,851,745 | 44,066,561 | 41,941,392 | ||||
Shares sold | 6,200,000 | 6,582,706 | 32,150,000 | 15,464,678 | ||||
Shares reinvested | - | 4,239,850 | - | 5,489,554 | ||||
Shares repurchased | (3,800,000) | (25,043,013) | (13,850,000) | (18,829,063) | ||||
Shares outstanding, end of period | 15,031,288 | 12,631,288 | 62,366,561 | 44,066,561 |
(1) The Fund acquired all of the assets and liabilities of the Bridgeway Blue Chip Fund ("Predecessor Fund") in a reorganization on October 14, 2022. The Predecessor Fund's Class N Shares' performance and financial history have been adopted by the Fund and will be used going forward. As a result, the information prior to October 14, 2022, will be used going forward. As a result, the information reflects that of the Predecessor Fund's Class N Shares. |
(2) The Fund acquired all of the assets and liabilities of the Bridgeway Omni Tax Managed Small-Cap Value Fund ("Predecessor Fund") in a reorganization on March 10, 2023. The Predecessor Fund's Class N Shares' performance and financial history have been adopted by the Fund and will be used going forward. As a result, the information prior to March 10, 2023, reflects that of the Predecessor Fund's Class N Shares. |
Net Asset Value, Beginning of Period |
Net Investment Income (Loss)(1)
|
Net Realized and Unrealized Gain (Loss) on Investments | Net Increase (Decrease) in Net Asset Value Resulting from Operations | Distributions from Net Investment Income | Distributions from Net Realized Gain | Total Distributions | Net Asset Value, End of Period |
Total Return(2)
|
Net Assets, End of Period (000's) |
Net Expenses(3)
|
Gross Expenses(3)
|
Net Investment Income (Loss)(3)
|
Portfolio Turnover Rate(5)
|
|
EA Bridgeway Blue Chip ETF | ||||||||||||||
Year Ended June 30, 2024 | $9.84 | 0.19 | 2.21 | 2.40 | (0.17) | - | (0.17) | $12.07 | 24.75% | $181,370 | 0.15% | 0.15% | 1.75% | 6% |
Year Ended June 30, 2023(6)
|
$12.15 | 0.20 | 1.84 | 2.04 | (0.26) | (4.09) | (4.35) | $9.84 | 24.50% | $124,265 | 0.15% | 0.22% | 1.90% | 12% |
Year Ended June 30, 2022 | $15.84 | 0.27 | (1.34) | (1.07) | (0.30) | (2.32) | (2.62) | $12.15 | -9.32% | $326,240 | 0.15% | 0.23% | 1.81% | 24% |
Year Ended June 30, 2021 | $13.96 | 0.31 | 4.73 | 5.04 | (0.35) | (2.81) | (3.16) | $15.84 | 39.75% | $432,186 | 0.15% | 0.24% | 2.07% | 7% |
Year Ended June 30, 2020 | $14.99 | 0.33 | 0.28 | 0.61 | (0.32) | (1.32) | (1.64) | $13.96 | 3.49% | $477,400 | 0.15% | 0.27% | 2.28% | 15% |
EA Bridgeway Omni Small-Cap Value ETF | ||||||||||||||
Year Ended June 30, 2024 | $17.82 | 0.36 | 2.53 | 2.89 | (0.30) | - | (0.30) | $20.41 | 16.27% | $1,272,958 | 0.47% | 0.47% | 1.82% | 6% |
Year Ended June 30, 2023(7)
|
$19.42 | 0.37 | 0.53 | 0.90 | (0.45) | (2.05) | (2.50) | $17.82 | 4.41% | $785,111 | 0.47% | 0.62% | 1.93% | 45% |
Year Ended June 30, 2022 | $20.89 | 0.27 | (1.54) | (1.27) | (0.20) | - | (0.20) | $19.42 | -6.17% | $814,555 | 0.47% | 0.67% | 1.26% | 30% |
Year Ended June 30, 2021 | $10.92 | 0.19 | 9.95 | 10.14 | (0.17) | - | (0.17) | $20.89 | 93.49% | $853,248 | 0.47% | 0.69% | 1.18% | 26% |
Year Ended June 30, 2020 | $14.43 | 0.19 | (3.63) | (3.44) | (0.07) | - | (0.07) | $10.92 | -23.98% | $427,515 |
0.55%(4)
|
0.74%(4)
|
1.40% | 63% |
(1) | Net investment income per share represents net investment income divided by the daily average shares of beneficial interest outstanding throughout the period. |
(2) | All returns reflect reinvested dividends, if any, but do not reflect the impact of taxes. Total return for a period of less than one year is not annualized. |
(3) | Net expenses include effects of any reimbursement or recoupment. |
(4) | Includes interest expense of 0.01%. |
(5) | For periods of less than one year, portfolio turnover is not annualized and is calculated without regard to short-term securities having a maturity of less than one year. Excludes the impact of in-kind transactions. |
(6) | EA Bridgeway Blue Chip ETF (the "Fund") acquired all of the assets and liabilities of the Bridgeway Blue Chip Fund ("Predecessor Fund") in a reorganization on October 14, 2022. Market price returns are calculated using the official closing price listing exchange as of the time that the Fund's NAV of the Fund on the is calculated. Prior to the Fund's listing on October 14, 2022, the NAV performance of the Class N Shares of the Predecessor Fund are used as proxy market price returns. |
(7) | EA Bridgeway Omni Small-Cap Value ETF (the "Fund") acquired all of the assets and liabilities of the Bridgeway Omni Tax Managed Small-Cap Value Fund ("Predecessor Fund") in a reorganization on March 10, 2023. Market price returns are calculated using the official closing price listing exchange as of the time that the Fund's NAV of the Fund on the is calculated. Prior to the Fund's listing on March 10, 2023, the NAV performance of the Class N Shares of the Predecessor Fund are used as proxy market price returns. |
DESCRIPTION | LEVEL 1 | LEVEL 2 | LEVEL 3 | TOTAL | ||||
EA Bridgeway Blue Chip ETF | ||||||||
Assets | ||||||||
Common Stocks | $ | 180,833,315 | $ | - | $ | - | $ | 180,833,315 |
Money Market Funds | 455,415 | - | - | 455,415 | ||||
Total Investments in Securities | $ | 181,288,730 | $ | - | $ | - | $ | 181,288,730 |
DESCRIPTION | LEVEL 1 | LEVEL 2 | LEVEL 3 | TOTAL | ||||
EA Bridgeway Omni Small-Cap Value ETF | ||||||||
Assets | ||||||||
Common Stocks
|
$ | 1,269,333,250 | $ | 369,702 | $ | 1 | $ | 1,269,702,953 |
Real Estate Investment Trusts
|
713,287 | - | - | 713,287 | ||||
Closed End Funds
|
421,418 | - | - | 421,418 | ||||
Contingent Value Rights
|
- | - | 69,827 | 69,827 | ||||
Warrants
|
34,320 | - | - | 34,320 | ||||
Preferred Stocks
|
8,940 | - | - | 8,940 | ||||
Investments Purchased with Proceeds from Securities Lending
|
15,764,056 | - | - | 15,764,056 | ||||
Money Market Funds
|
1,566,498 | - | - | 1,566,498 | ||||
Total Investments in Securities | $ | 1,287,841,769 | $ | 369,702 | $ | 69,828 | $ | 1,288,281,299 |
EA Bridgeway Omni Small-Cap Value ETF | ||||
Contingent Value Rights | Common Stock | |||
Value, Beginning of Year | $ | 68,440 | $ | - |
Purchases | - | - | ||
Proceeds from Sales | - | - | ||
Net Realized Gains (Losses) | - | - | ||
Return of Capital | - | - | ||
Change in Unrealized Appreciation (Depreciation) | 1,387 | - | ||
Transfers In/(Out) of Level 3 | - | 1 | ||
Value, End of Year | $ | 69,827 | $ | 1 |
Fair Value at June 30, 2024 | Valuation Technique | Unobservable Input | Input Values (Ranges) | ||
Contingent Value Rights | $ | 68,440 |
Projected Final Distribution
|
Discount of Projected Distribution
|
$0.29 |
Contingent Value Rights | $ | 1,387 |
Projected Final Distribution
|
Discount of Projected Distribution
|
$0.00 - $0.37 |
Common Stock | $ | 1 | Last Trade Price | Last Trade Price | $0.0001 |
Distributable Earnings |
Paid-in Capital |
|||
EA Bridgeway Blue Chip ETF | $ | (25,460,100) | $ | 25,460,100 |
EA Bridgeway Omni Small-Cap Value ETF | (127,681,900) | 127,681,900 |
Fund | AUM Level | Fee |
EA Bridgeway Blue Chip ETF | < 3 billion | 15 bps |
3 billion to 10 billion | 13 bps | |
10 billion to 20 billion | 12 bps | |
> 20 billion | 11 bps | |
EA Bridgeway Omni Small-Cap Value ETF | < 1 billion | 47 bps |
1 billion to 2 billion | 42 bps | |
> 2 billion | 40 bps |
Values of Securities on Loan |
Payment for Collateral received* |
Percentage of Net Assets of Securities on Loan |
$14,817,410 | $15,764,056 | 1.2% |
Purchases | Sales | |||
EA Bridgeway Blue Chip ETF | $ | 18,004,030 | $ | 7,902,940 |
EA Bridgeway Omni Small-Cap Value ETF | 322,023,906 | $ | 58,075,526 |
Purchases | Sales | |||
EA Bridgeway Blue Chip ETF | $ | 54,312,229 | $ | 36,275,712 |
EA Bridgeway Omni Small-Cap Value ETF | 361,034,981 | 261,688,625 |
Short Term | Long Term | |||
EA Bridgeway Blue Chip ETF | $ | 146,430 | $ | 25,313,668 |
EA Bridgeway Omni Small-Cap Value ETF | 18,791,369 | 108,890,531 |
EA Bridgeway Blue Chip ETF | EA Bridgeway Omni Small-Cap Value ETF | |||
Tax cost of Investments | $ | 111,870,922 | $ | 1,146,774,461 |
Gross tax unrealized appreciation | 72,516,345 | 236,484,435 | ||
Gross tax unrealized depreciation | (3,098,537) | (94,977,597) | ||
Net tax unrealized appreciation (depreciation) | $ | 69,417,808 | $ | 141,506,838 |
Undistributed ordinary income | 1,004,533 | 7,848,805 | ||
Undistributed long-term gain | - | - | ||
Total distributable earnings | $ | 1,004,533 | $ | 7,848,805 |
Other accumulated gain (loss) | (724,187) | (15,373,120) | ||
Total accumulated gain (loss) | $ | 69,698,154 | $ | 133,982,523 |
Unlimited Short-Term Capital Loss Carryover |
Unlimited Long-Term Capital Loss Carryover | |||
EA Bridgeway Blue Chip ETF | $ | (16,777) | $ | (707,410) |
EA Bridgeway Omni Small-Cap Value ETF | $ | (8,947,532) | $ | (6,425,588) |
EA Bridgeway Blue Chip ETF | EA Bridgeway Omni Small-Cap Value ETF | |||||||
June 30, 2024 | June 30, 2023 | June 30, 2024 | June 30, 2023 | |||||
Ordinary Income | $ | 2,206,508 | $ | 5,479,841 | $ | 15,734,014 | $ | 21,115,457 |
Long Term Capital Gain | - | 87,177,212 | - | 78,615,121 | ||||
Total Distributions Paid | $ | 2,206,508 | $ | 92,657,053 | $ | 15,734,014 | $ | 99,730,578 |
EA Bridgeway Blue Chip ETF | 100.00% |
EA Bridgeway Omni Small-Cap Value ETF | 100.00% |
EA Bridgeway Blue Chip ETF | 100.00% |
EA Bridgeway Omni Small-Cap Value ETF | 86.49 |
EA Bridgeway Blue Chip ETF | 0.00% |
EA Bridgeway Omni Small-Cap Value ETF | 0.00% |
Funds
|
Total Expense Ratio
|
Net Expense Ratio
|
Management Fee Only
|
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ETFs
|
Mutual Funds
|
ETFs
|
Mutual Funds
|
ETFs
|
Mutual Funds
|
|
BBLU
|
Quartile 1
|
Quartile 1
|
Quartile 1
|
Quartile 1
|
Quartile 1
|
Quartile 1
|
BSVO
|
Quartile 2
|
Quartile 1
|
Quartile 2
|
Quartile 1
|
Quartile 2
|
Quartile 1
|
(a) |
(1) Any code of ethics or amendment thereto, that is the subject of the disclosure required by Item 2, to the extent that the registrant intends to satisfy Item 2 requirements through filing an exhibit. Filed herewith.
|
(b) |
Certifications pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. Filed herewith.
|
(Registrant) | EA Series Trust | |
By (Signature and Title) | /s/ Patrick Cleary | |
Patrick Cleary, President, Chief Executive Officer, and Principal Executive Officer | ||
Date: | August 30, 2024 |
By (Signature and Title) | /s/ Patrick Cleary | |
Patrick Cleary, President, Chief Executive Officer, and Principal Executive Officer | ||
Date: | August 30, 2024 | |
By (Signature and Title) | /s/ Sean Hegarty | |
Sean Hegarty, Treasurer, Chief Financial Officer, Comptroller, and Principal Financial Officer | ||
Date: | August 30, 2024 |