0001592900 2025-06-01 2026-05-31 0001592900 ck0001592900:C000256092Member 2025-06-01 2026-05-31 0001592900 ck0001592900:C000256092Member 2025-04-01 2025-09-30 0001592900 ck0001592900:C000256092Member 2025-06-03 2026-05-31 0001592900 ck0001592900:SolactiveGBSUnitedStates1000IndexMember 2025-06-03 2026-05-31 0001592900 ck0001592900:C000256092Member 2026-05-31 0001592900 ck0001592900:C000256092Member us-gaap:EnergySectorMember 2026-05-31 0001592900 ck0001592900:C000256092Member oef:UtilitiesSectorMember 2026-05-31 0001592900 ck0001592900:C000256092Member ck0001592900:CashAndCashEquivalents1Member 2026-05-31 0001592900 ck0001592900:C000256092Member ck0001592900:NextDecadeCorp.Member 2026-05-31 0001592900 ck0001592900:C000256092Member ck0001592900:CheniereEnergyInc.Member 2026-05-31 0001592900 ck0001592900:C000256092Member ck0001592900:WilliamsCos.Inc.Member 2026-05-31 0001592900 ck0001592900:C000256092Member ck0001592900:EnterpriseProductsPartnersLPMember 2026-05-31 0001592900 ck0001592900:C000256092Member ck0001592900:ONEOKInc.Member 2026-05-31 0001592900 ck0001592900:C000256092Member ck0001592900:SempraMember 2026-05-31 0001592900 ck0001592900:C000256092Member ck0001592900:EOGResourcesInc.Member 2026-05-31 0001592900 ck0001592900:C000256092Member ck0001592900:ProPetroHoldingCorp.Member 2026-05-31 0001592900 ck0001592900:C000256092Member ck0001592900:AnteroResourcesCorp.Member 2026-05-31 0001592900 ck0001592900:C000256092Member ck0001592900:EQTCorp.Member 2026-05-31 0001592900 ck0001592900:C000256092Member 2025-06-03 2025-06-03 0001592900 ck0001592900:SolactiveGBSUnitedStates1000IndexMember 2025-06-03 2025-06-03 0001592900 ck0001592900:C000256092Member 2025-08-31 2025-08-31 0001592900 ck0001592900:SolactiveGBSUnitedStates1000IndexMember 2025-08-31 2025-08-31 0001592900 ck0001592900:C000256092Member 2025-11-30 2025-11-30 0001592900 ck0001592900:SolactiveGBSUnitedStates1000IndexMember 2025-11-30 2025-11-30 0001592900 ck0001592900:C000256092Member 2026-02-28 2026-02-28 0001592900 ck0001592900:SolactiveGBSUnitedStates1000IndexMember 2026-02-28 2026-02-28 0001592900 ck0001592900:C000256092Member 2026-05-31 2026-05-31 0001592900 ck0001592900:SolactiveGBSUnitedStates1000IndexMember 2026-05-31 2026-05-31 iso4217:USD pure ck0001592900:holding N-CSR false 0001592900 N-1A 10000 10000 11015 10855 13640 11502 15986 11598 16124 12754 EA Series Trust 2026-05-31 2026-05-31 Bastion Energy ETF Bastion Energy ETF BESF CboeBZX 2026-05-31 https://bastionetfs.com/ <div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:99.453%"><tr><td style="width:1.0%"></td><td style="width:23.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:23.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:23.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:23.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:120%">This annual shareholder report contains important information about the Bastion Energy ETF (the “Fund”) for the period of June 3, 2025 to May</span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:120%"> 31, 2026</span><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:120%"> (the “Period”). You can find additional information about the Fund at https://bastionetfs.com/. You can also request this information by contacting us at </span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:120%">(215) 330-4476</span><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:120%">. For information regarding your Fund shares or account, including account balances, transactions, or distributions, please contact your financial intermediary.</span></div></td></tr></table></div> annual shareholder report https://bastionetfs.com/ (215) 330-4476 <div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:22.807%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:24.446%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:24.173%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:24.174%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="background-color:#346eaf;border-bottom:1pt solid #000;border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><span style="color:#ffffff;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:120%">WHAT WERE THE FUND COSTS FOR THE PERIOD? <br/>(based on a hypothetical $10,000 investment)</span></td></tr><tr><td colspan="6" style="border-bottom:1pt solid #000;border-left:1pt solid #000;border-top:1pt solid #000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:120%">COST OF $10,000 INVESTMENT</span></td><td colspan="6" style="border-bottom:1pt solid #000;border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:120%">COST PAID AS A PERCENTAGE OF $10,000 INVESTMENT</span></td></tr><tr><td colspan="6" style="background-color:#f2f2f2;border-bottom:1pt solid #000;border-left:1pt solid #000;border-top:1pt solid #000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">$104</span></td><td colspan="6" style="background-color:#f2f2f2;border-bottom:1pt solid #000;border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">0.80%</span></td></tr></table></div> 104 0.0080 <div style="text-align:center"><img alt="6" id="i-2" src="ck0001592900-20260531_g2.jpg" style="height:268px;margin-bottom:5pt;vertical-align:text-bottom;width:720px"/></div> <div style="margin-bottom:6pt;text-align:center"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:75.266%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:22.534%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="background-color:#346eaf;border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><span style="color:#ffffff;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:120%">PERFORMANCE</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:120%">Since Inception (6/3/2025)</span></div></td></tr><tr><td colspan="3" style="background-color:#f2f2f2;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">Bastion Energy ETF - NAV</span></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">61.24%</span></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">Solactive GBS United States 1000 Index (net total return)</span></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">27.66%</span></td></tr><tr><td colspan="6" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:120%">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. Net total return figures assume the reinvestment of dividends after deduction of withholding tax, applying the maximum rate to nonresident individual investors who do not benefit from double taxation treaties.</span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:120%"> </span><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%"> Visit https://bastionetfs.com/ for more recent performance information.</span></div></td></tr></table></div> 2025-06-03 0.6124 0.2766 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. Visit https://bastionetfs.com/ for more recent performance information. <div style="margin-bottom:6pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:23.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:23.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:23.900%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:23.900%"></td><td style="width:0.1%"></td></tr><tr><td colspan="12" style="background-color:#346eaf;border-bottom:1pt solid #000;border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><span style="color:#ffffff;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:120%">WHAT FACTORS INFLUENCED PERFORMANCE FOR THE PERIOD?</span></td></tr></table></div><div style="text-align:justify"><span style="color:#1a1a1a;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">For the Period from the Fund’s inception on June 3, 2025, through the fiscal year ended May 31, 2026, the Fund produced a positive total return and outperformed its broad-based benchmark. The Fund is an actively managed, concentrated portfolio of U.S. energy and energy-related securities. Performance was driven principally by security selection and by active repositioning of the portfolio over the Period rather than by broad market exposure.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#1a1a1a;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">The Fund pursues its investment objective through a fundamental, value-oriented process that seeks undervalued U.S. energy and energy-related companies with resilient business models and durable competitive advantages, weighting the portfolio most heavily toward the securities trading at the largest discounts to the Sub-Adviser’s assessment of value. Consistent with that process, the Fund reallocated over the Period, reducing a number of positions established near inception as they appreciated toward the Sub-Adviser’s estimates of value and increasing its holdings in the natural gas value chain - natural gas exploration and production, liquefied natural </span></div><div style="text-align:justify"><span style="color:#1a1a1a;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">gas (LNG), and midstream infrastructure. At times the Fund held elevated cash, consistent with its practice of holding cash until suitable investments are identified.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#1a1a1a;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:120%">TOP PERFORMANCE CONTRIBUTORS</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#1a1a1a;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">Holdings tied to solar power and energy storage were the Fund’s leading contributors. These positions appreciated substantially while held and were reduced or sold as the portfolio was repositioned. Gains were concentrated in a small number of holdings, which together accounted for the majority of the Fund’s positive return for the Period.</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#1a1a1a;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:120%">TOP PERFORMANCE DETRACTORS</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#1a1a1a;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">LNG and natural gas exploration and production positions added later in the period were the principal detractors, declining while held, along with a power-generation holding. An elevated cash position during portions of the Period also modestly tempered absolute returns.</span></div> 2026-05-31 Bastion Energy ETF Bastion Energy ETF BESF CboeBZX 2026-05-31 https://bastionetfs.com/ <div style="margin-bottom:6pt;margin-top:9pt;text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:26.222%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.346%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.757%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.346%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:26.222%"></td><td style="width:0.1%"></td><td style="width:0.1%"></td><td style="width:0.346%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:20.761%"></td><td style="width:0.1%"></td></tr><tr><td colspan="21" style="background-color:#346eaf;border-left:1pt solid #000;border-right:1pt solid #000;border-top:1pt solid #000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><span style="color:#ffffff;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:120%"> KEY FUND STATISTICS (as of Period End)</span></td></tr><tr><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #000;padding:1.5pt 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:120%">Net Assets</span></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">$32,893,172</span></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #000;padding:1.5pt 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:120%">Portfolio Turnover Rate*</span></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #000;padding:0 1pt"></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">160%</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:120%"># of Portfolio Holdings</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">21</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:120%">Fund Advisory Fees</span></td><td colspan="3" style="background-color:#ffffff;padding:0 1pt"></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">$198,156</span></td></tr><tr><td colspan="21" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:justify;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">*Portfolio turnover is not annualized and is calculated without regard to short-term securities having a maturity of less than one year. Excludes impact of in-kind transactions.</span></td></tr></table></div> 32893172 1.60 21 198156 <div style="display:inline-block;vertical-align:top;width:48.360%"><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:74.323%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:23.477%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="background-color:#346eaf;border-left:1pt solid #132566;border-right:1pt solid #132566;border-top:1pt solid #132566;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><span style="color:#ffffff;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:120%">SECTOR WEIGHTING<br/>(as a % of Net Assets)</span></td></tr><tr><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">Energy</span></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">82.1%</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">Utilities</span></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">4.6%</span></td></tr><tr><td colspan="3" style="background-color:#f2f2f2;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">Cash and Cash Equivalents</span></td><td colspan="3" style="background-color:#f2f2f2;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">13.3%</span></td></tr><tr><td colspan="3" style="display:none"></td><td colspan="3" style="display:none"></td></tr></table></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span><br/></span></div></div><div style="text-align:justify"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:100.000%"><tr><td style="width:1.0%"></td><td style="width:74.323%"></td><td style="width:0.1%"></td><td style="width:1.0%"></td><td style="width:23.477%"></td><td style="width:0.1%"></td></tr><tr><td colspan="6" style="background-color:#346eaf;border-left:1pt solid #132566;border-right:1pt solid #132566;border-top:1pt solid #132566;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><span style="color:#ffffff;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:120%">TOP 10 HOLDINGS<br/>(as a % of Net Assets)</span></td></tr><tr><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #000;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">NextDecade Corp.</span></td><td colspan="3" style="background-color:#f2f2f2;border-top:1pt solid #000;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">9.0%</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">Cheniere Energy, Inc. </span></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">5.2%</span></td></tr><tr><td colspan="3" style="background-color:#f2f2f2;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">Williams Cos., Inc. </span></td><td colspan="3" style="background-color:#f2f2f2;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">5.2%</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">Enterprise Products Partners LP</span></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">5.1%</span></td></tr><tr><td colspan="3" style="background-color:#f2f2f2;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">ONEOK, Inc. </span></td><td colspan="3" style="background-color:#f2f2f2;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">4.9%</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">Sempra</span></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">4.5%</span></td></tr><tr><td colspan="3" style="background-color:#f2f2f2;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">EOG Resources, Inc. </span></td><td colspan="3" style="background-color:#f2f2f2;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">4.4%</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">ProPetro Holding Corp.</span></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">4.3%</span></td></tr><tr><td colspan="3" style="background-color:#f2f2f2;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">Antero Resources Corp. </span></td><td colspan="3" style="background-color:#f2f2f2;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">4.3%</span></td></tr><tr><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">EQT Corp. </span></td><td colspan="3" style="background-color:#ffffff;padding:1.5pt 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">4.2%</span></td></tr></table></div> 0.821 0.046 0.133 0.090 0.052 0.052 0.051 0.049 0.045 0.044 0.043 0.043 0.042 <div style="margin-top:9pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:120%">Availability of Additional Information</span></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">For additional information about the Fund, including its prospectus, financial information, holdings, and proxy information, visit https://bastionetfs.com/. You can also request information by calling </span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">(215) 330-4476</span><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">.</span></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:700;line-height:120%">Householding</span></div><div style="margin-bottom:6pt;margin-top:6pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%">Householding is an option available to certain investors of the Fund. Householding is a method of delivery, based on the preference of the individual investor, in which a single copy of certain shareholder documents can be delivered to investors who share the same address, even if their accounts are registered under different names. Householding for the Fund is available through certain broker-dealers. If you are interested in enrolling in householding and receiving a single copy of prospectuses and other shareholder documents or you are currently enrolled in householding and wish to change your householding status, please contact your broker-dealer.</span></div> https://bastionetfs.com/ (215) 330-4476 2026-05-31 2026-05-31 2026-05-31 2026-05-31 2026-05-31