ALPHA ARCHITECT INTERNATIONAL QUANTITATIVE VALUE ETF
SCHEDULE OF INVESTMENTS
June 30, 2026 (Unaudited)
Shares  

Value  
COMMON STOCKS - 97.3%

Australia - 7.9%

BHP Group Ltd.

            102,271

$4,205,944 
Fortescue Ltd.

            315,995

4,189,609 
Perseus Mining Ltd.

            1,204,204

4,001,897 
Qantas Airways Ltd.

            558,815

4,108,820 




16,506,270 





Austria - 2.0%

OMV AG

            66,581

4,195,546 





France - 2.0%

Eiffage SA

            27,641

4,077,300 





Germany - 5.7%

Aurubis AG

            19,495

4,036,214 
Freenet AG

            150,454

3,874,809 
TUI AG

            471,559

3,900,922 




11,811,945 





Italy - 1.9%

Buzzi SpA

            78,870

4,036,320 





Japan - 49.9% (a)

Aisin Corp.

            308,815

4,152,797 
Astellas Pharma, Inc.

            310,971

4,159,795 
Bridgestone Corp.

            194,936

4,088,267 
Central Japan Railway Co.

            199,837

4,263,566 
CyberAgent, Inc.

            516,160

4,323,687 
Denso Corp.

            358,857

4,140,445 
Hitachi Construction Machinery Co. Ltd.

            126,426

4,085,256 
Isuzu Motors Ltd.

            307,889

4,072,175 
Japan Airlines Co. Ltd.

            237,093

4,155,817 
JGC Holdings Corp.

            262,804

4,048,050 
Komatsu Ltd.

            106,825

4,127,277 
Nitto Denko Corp.

            207,798

4,051,291 
Obayashi Corp.

            214,198

4,290,679 
Ono Pharmaceutical Co. Ltd.

            285,262

4,189,586 
Otsuka Corp.

            246,049

4,197,035 
Sekisui Chemical Co. Ltd.

            262,185

4,178,803 
Shimamura Co. Ltd.

            204,627

4,203,414 
Sony Group Corp.

            208,838

4,212,852 
Subaru Corp.

            278,015

4,086,570 
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ALPHA ARCHITECT INTERNATIONAL QUANTITATIVE VALUE ETF
SCHEDULE OF INVESTMENTS
June 30, 2026 (Unaudited)
Shares  

Value  
Sumitomo Rubber Industries Ltd.

            306,898

$3,931,662 
Suntory Beverage & Food Ltd.

            150,069

4,150,560 
Suzuki Motor Corp.

            344,774

4,146,533 
Tosoh Corp.

            226,132

4,070,779 
Toyo Suisan Kaisha Ltd.

            67,899

4,336,733 
Yokohama Rubber Co. Ltd.

            88,116

3,925,239 




103,588,868 





Luxembourg - 2.0%

Tenaris SA

            146,391

4,049,504 





Netherlands - 1.9%

Signify NV (b)

            211,531

4,033,881 





Norway - 8.0%

Aker BP ASA

            134,189

4,110,330 
Equinor ASA

            132,619

4,200,238 
Var Energi ASA

            1,001,546

4,167,670 
Yara International ASA

            94,583

4,160,372 




16,638,610 





Portugal - 2.0%

Galp Energia SGPS SA

            197,015

4,197,149 





Spain - 2.1%

Repsol SA

            172,132

4,328,868 





Sweden - 9.9%

Boliden AB

            74,031

4,174,782 
Essity AB - Class B

            144,759

4,095,087 
Evolution AB (b)(c)

            60,132

4,125,244 
SSAB AB - Class B

            432,938

3,999,710 
Telefonaktiebolaget LM Ericsson - Class B

            369,579

4,122,166 




20,516,989 





United Kingdom - 2.0%

Imperial Brands PLC

            112,714

4,169,830 
TOTAL COMMON STOCKS (Cost $196,627,857)

202,151,080 





PREFERRED STOCKS - 2.0%

Germany - 2.0%

Henkel AG & Co. KGaA, 0.00%

            49,931

4,195,528 
TOTAL PREFERRED STOCKS (Cost $3,839,271)

4,195,528 
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ALPHA ARCHITECT INTERNATIONAL QUANTITATIVE VALUE ETF
SCHEDULE OF INVESTMENTS
June 30, 2026 (Unaudited)
Shares  

Value  
SHORT-TERM INVESTMENTS
MONEY MARKET FUNDS - 9.8%
First American Government Obligations Fund - Class X, 3.57% (d)

            20,297,444

$20,297,444 
TOTAL MONEY MARKET FUNDS (Cost $20,297,444)

20,297,444 





TOTAL INVESTMENTS - 109.1% (Cost $220,764,572)

$226,644,052 
Liabilities in Excess of Other Assets - (9.1)%
(18,867,451)
TOTAL NET ASSETS - 100.0%



$207,776,601 

Percentages are stated as a percent of net assets.

PLC - Public Limited Company

(a)
To the extent that the Fund invests a significant portion of its assets in the securities of companies of a single country or region, it is more likely to be impacted by events or conditions affecting such country or region.
(b)
Security is exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may only be resold in transactions exempt from registration to qualified institutional investors. As of June 30, 2026, the value of these securities total $8,159,125 or 3.9% of the Fund’s net assets.
(c)
Non-income producing security.
(d)
The rate shown represents the 7-day annualized yield as of June 30, 2026.









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ALPHA ARCHITECT INTERNATIONAL QUANTITATIVE VALUE ETF
Summary of Fair Value Disclosure as of June 30, 2026 (Unaudited)

Alpha Architect International Quantitative Value ETF (the "Fund") has adopted fair value accounting standards which establish a definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value, a discussion of changes in valuation techniques and related inputs during the period, and expanded disclosure of valuation levels for major security types. These inputs are summarized in the three broad levels listed below. The inputs or valuation methodology used for valuing securities are not an indication of the risk associated with investing in those securities.
Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access.
Level 2 - Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data.
Level 3 - Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Fund’s own assumptions about the assumptions a market participant would use in valuing the asset or liability, and based on the best information available.
The following is a summary of the fair valuation hierarchy of the Fund’s securities as of June 30, 2026:
DESCRIPTIONLEVEL 1LEVEL 2LEVEL 3TOTAL
Investments:
Common Stocks
$202,151,080 $— $— $202,151,080 
Preferred Stocks
4,195,528 — — 4,195,528 
Money Market Funds
20,297,444 — — 20,297,444 
Total Investments
$226,644,052 $— $— $226,644,052 

Refer to the Schedule of Investments for further disaggregation of investment categories.
 
During the fiscal period ended June 30, 2026, the Fund did not invest in any Level 3 investments and recognized no transfers to/from Level 3. Transfers between levels are recognized at the end of the reporting period.
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