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          <ccc>XXXXXXXX</ccc>
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      <seriesClassInfo>
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        <classId>C000256664</classId>
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      <regFileNumber>811-22961</regFileNumber>
      <regCik>0001592900</regCik>
      <regLei>5493004OW9VWINAYRX18</regLei>
      <regStreet1>3803 West Chester Pike</regStreet1>
      <regStreet2>Suite 150</regStreet2>
      <regCity>Newtown Square</regCity>
      <regStateConditional regCountry="US" regState="US-PA"/>
      <regZipOrPostalCode>19073</regZipOrPostalCode>
      <regPhone>2158829983</regPhone>
      <seriesName>Sarmaya Thematic ETF</seriesName>
      <seriesId>S000089845</seriesId>
      <seriesLei>52990059JU15RUJ6SN97</seriesLei>
      <repPdEnd>2026-11-30</repPdEnd>
      <repPdDate>2026-08-31</repPdDate>
      <isFinalFiling>N</isFinalFiling>
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      <totLiabs>52693.90</totLiabs>
      <netAssets>66544107.41</netAssets>
      <assetsAttrMiscSec>0.00</assetsAttrMiscSec>
      <assetsInvested>0.00</assetsInvested>
      <amtPayOneYrBanksBorr>0.00</amtPayOneYrBanksBorr>
      <amtPayOneYrCtrldComp>0.00</amtPayOneYrCtrldComp>
      <amtPayOneYrOthAffil>0.00</amtPayOneYrOthAffil>
      <amtPayOneYrOther>0.00</amtPayOneYrOther>
      <amtPayAftOneYrBanksBorr>0.00</amtPayAftOneYrBanksBorr>
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      <standByCommit>0.00</standByCommit>
      <liquidPref>0.00</liquidPref>
      <cshNotRptdInCorD>0.00</cshNotRptdInCorD>
      <isNonCashCollateral>N</isNonCashCollateral>
      <returnInfo>
        <monthlyTotReturns>
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        <othMon2 netRealizedGain="1769.49" netUnrealizedAppr="2439828.24"/>
        <othMon3 netRealizedGain="559129.38" netUnrealizedAppr="8220135.07"/>
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        <lei>N/A</lei>
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        <securityLending>
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        <lei>N/A</lei>
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        <payoffProfile>Long</payoffProfile>
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        <isRestrictedSec>N</isRestrictedSec>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
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        <name>Equinor ASA</name>
        <lei>N/A</lei>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Gold Fields Ltd</name>
        <lei>5299003KXIBJQYCBBD72</lei>
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        <identifiers>
          <ticker value="GFI"/>
          <other otherDesc="SEDOL" value="2416326"/>
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        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2028084.69</valUSD>
        <pctVal>3.05</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>ZA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Endeavour Silver Corp</name>
        <lei>N/A</lei>
        <title>Endeavour Silver Corp</title>
        <cusip>29258Y103</cusip>
        <identifiers>
          <ticker value="EXK"/>
          <other otherDesc="SEDOL" value="B018TM7"/>
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        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>878134.32</valUSD>
        <pctVal>1.32</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Aris Mining Corp</name>
        <lei>N/A</lei>
        <title>Aris Mining Corp</title>
        <cusip>04040Y109</cusip>
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          <ticker value="ARIS"/>
          <other otherDesc="SEDOL" value="BMW3YT7"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>CA</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>TotalEnergies SE</name>
        <lei>N/A</lei>
        <title>TotalEnergies SE</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="TTE"/>
          <other otherDesc="SEDOL" value="B15CVJ3"/>
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        <curCd>USD</curCd>
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        <pctVal>0.90</pctVal>
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        <assetCat>EC</assetCat>
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        <invCountry>FR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Skeena Resources Ltd</name>
        <lei>N/A</lei>
        <title>Skeena Resources Ltd</title>
        <cusip>83056P715</cusip>
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          <ticker value="SKE"/>
          <other otherDesc="SEDOL" value="BMDM772"/>
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        <units>NS</units>
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        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Cameco Corp</name>
        <lei>N4BHALMXL3GMZKCUON55</lei>
        <title>Cameco Corp</title>
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          <other otherDesc="SEDOL" value="2158684"/>
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        <units>NS</units>
        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Novagold Resources Inc</name>
        <lei>N/A</lei>
        <title>Novagold Resources Inc</title>
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          <ticker value="NG"/>
          <other otherDesc="SEDOL" value="2206903"/>
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        <curCd>USD</curCd>
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        <invCountry>CA</invCountry>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>First Majestic Silver Corp</name>
        <lei>N/A</lei>
        <title>First Majestic Silver Corp</title>
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          <ticker value="AG"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Agnico Eagle Mines Ltd</name>
        <lei>N/A</lei>
        <title>Agnico Eagle Mines Ltd</title>
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        <securityLending>
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      <invstOrSec>
        <name>TechnipFMC PLC</name>
        <lei>N/A</lei>
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      <invstOrSec>
        <name>National Energy Services Reunited Corp</name>
        <lei>N/A</lei>
        <title>National Energy Services Reunited Corp</title>
        <cusip>N/A</cusip>
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          <ticker value="NESR"/>
          <other otherDesc="SEDOL" value="BYZLFM2"/>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>
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      <invstOrSec>
        <name>Sibanye Stillwater Ltd</name>
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        <title>Sibanye Stillwater Ltd</title>
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      <invstOrSec>
        <name>Anglogold Ashanti Plc</name>
        <lei>N/A</lei>
        <title>Anglogold Ashanti Plc</title>
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          <ticker value="AU"/>
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      <invstOrSec>
        <name>Guardian Metal Resources PLC</name>
        <lei>N/A</lei>
        <title>Guardian Metal Resources PLC</title>
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      <invstOrSec>
        <name>Navios Maritime Partners LP</name>
        <lei>N/A</lei>
        <title>Navios Maritime Partners LP</title>
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        <assetCat>EC</assetCat>
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        <invCountry>MH</invCountry>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>iShares Silver Trust</name>
        <lei>549300K2C2CG14B0ZA09</lei>
        <title>iShares Silver Trust</title>
        <cusip>46428Q109</cusip>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
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        <isRestrictedSec>N</isRestrictedSec>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>SPDR Gold MiniShares Trust</name>
        <lei>N/A</lei>
        <title>SPDR Gold MiniShares Trust</title>
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          <other otherDesc="SEDOL" value="BNYF380"/>
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        <payoffProfile>Long</payoffProfile>
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        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>iShares Gold Trust Micro</name>
        <lei>N/A</lei>
        <title>iShares Gold Trust Micro</title>
        <cusip>46436F103</cusip>
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          <ticker value="IAUM"/>
          <other otherDesc="SEDOL" value="BJCW7M7"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Y all Street Physical Silver ETF</name>
        <lei>N/A</lei>
        <title>Y all Street Physical Silver ETF</title>
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          <ticker value="YSAG"/>
          <other otherDesc="SEDOL" value="BV4JYR4"/>
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        <balance>10143</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>First American Government Obligations Fund</name>
        <lei>549300R5MYM6VZF1RM44</lei>
        <title>First American Government Obligations Fund</title>
        <cusip>31846V336</cusip>
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          <ticker value="FGXXX"/>
          <other otherDesc="SEDOL" value="BMBR4D4"/>
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        <balance>3035686.01</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>3035686.01</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Petroleo Brasileiro SA - Petrobras</name>
        <lei>N/A</lei>
        <title>Petroleo Brasileiro SA - Petrobras</title>
        <cusip>71654V408</cusip>
        <identifiers>
          <ticker value="PBR"/>
          <other otherDesc="SEDOL" value="2616580"/>
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        <balance>67553</balance>
        <units>NS</units>
        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Devon Energy Corp</name>
        <lei>54930042348RKR3ZPN35</lei>
        <title>Devon Energy Corp</title>
        <cusip>25179M103</cusip>
        <identifiers>
          <ticker value="DVN"/>
          <other otherDesc="SEDOL" value="2480677"/>
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        <balance>28160</balance>
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        <curCd>USD</curCd>
        <valUSD>1366041.60</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>COEUR MINING INC.</name>
        <lei>5493003AVK173D48DR70</lei>
        <title>COEUR MINING INC.</title>
        <cusip>192108504</cusip>
        <identifiers>
          <ticker value="CDE"/>
          <other otherDesc="SEDOL" value="2208136"/>
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        <balance>81960</balance>
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        <curCd>USD</curCd>
        <valUSD>1703128.80</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Halliburton Co</name>
        <lei>ENYF8GB5SMQZ25S06U51</lei>
        <title>Halliburton Co</title>
        <cusip>406216101</cusip>
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          <ticker value="HAL"/>
          <other otherDesc="SEDOL" value="2405302"/>
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        <balance>19908</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Hecla Mining Co</name>
        <lei>5493009Y6HOBZD1QD537</lei>
        <title>Hecla Mining Co</title>
        <cusip>422704106</cusip>
        <identifiers>
          <ticker value="HL"/>
          <other otherDesc="SEDOL" value="2418601"/>
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        <balance>81162</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>ConocoPhillips</name>
        <lei>WPTL2Z3FIYTHSP5V2253</lei>
        <title>ConocoPhillips</title>
        <cusip>20825C104</cusip>
        <identifiers>
          <ticker value="COP"/>
          <other otherDesc="SEDOL" value="2685717"/>
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        <balance>4968</balance>
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        <curCd>USD</curCd>
        <valUSD>658210.32</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CF Industries Holdings Inc</name>
        <lei>529900CG8YAQFZ2JMV97</lei>
        <title>CF Industries Holdings Inc</title>
        <cusip>125269100</cusip>
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          <ticker value="CF"/>
          <other otherDesc="SEDOL" value="B0G4K50"/>
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        <balance>6056</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>787461.68</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Gran Tierra Energy Inc</name>
        <lei>549300IH2S17MAIUCM32</lei>
        <title>Gran Tierra Energy Inc</title>
        <cusip>38500T200</cusip>
        <identifiers>
          <ticker value="GTE"/>
          <other otherDesc="SEDOL" value="BQ84Y47"/>
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        <balance>88518</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>898457.70</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Cheniere Energy Inc</name>
        <lei>MIHC87W9WTYSYZWV1J40</lei>
        <title>Cheniere Energy Inc</title>
        <cusip>16411R208</cusip>
        <identifiers>
          <ticker value="LNG"/>
          <other otherDesc="SEDOL" value="2654364"/>
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        <balance>4686</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1366859.34</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Range Resources Corp</name>
        <lei>H3Y3WLYCX0BTO1TRW162</lei>
        <title>Range Resources Corp</title>
        <cusip>75281A109</cusip>
        <identifiers>
          <ticker value="RRC"/>
          <other otherDesc="SEDOL" value="2523334"/>
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        <balance>36517</balance>
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        <curCd>USD</curCd>
        <valUSD>1508882.44</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Chevron Corp</name>
        <lei>N/A</lei>
        <title>Chevron Corp</title>
        <cusip>166764100</cusip>
        <identifiers>
          <ticker value="CVX"/>
          <other otherDesc="SEDOL" value="2838555"/>
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        <balance>14155</balance>
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        <curCd>USD</curCd>
        <valUSD>2917911.70</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Forum Energy Technologies Inc</name>
        <lei>549300SF93HLCR1REE27</lei>
        <title>Forum Energy Technologies Inc</title>
        <cusip>34984V209</cusip>
        <identifiers>
          <ticker value="FET"/>
          <other otherDesc="SEDOL" value="BMCKSV8"/>
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        <balance>12293</balance>
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        <curCd>USD</curCd>
        <valUSD>1007657.21</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Phillips 66</name>
        <lei>5493005JBO5YSIGK1814</lei>
        <title>Phillips 66</title>
        <cusip>718546104</cusip>
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          <ticker value="PSX"/>
          <other otherDesc="SEDOL" value="B78C4Y8"/>
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        <balance>6163</balance>
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        <curCd>USD</curCd>
        <valUSD>1519672.54</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>SLB Ltd</name>
        <lei>213800ZUA17OK3QLGM62</lei>
        <title>SLB Ltd</title>
        <cusip>806857108</cusip>
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          <other otherDesc="SEDOL" value="2779201"/>
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        <balance>27422</balance>
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        <curCd>USD</curCd>
        <valUSD>1648062.20</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Vale SA</name>
        <lei>N/A</lei>
        <title>Vale SA</title>
        <cusip>91912E105</cusip>
        <identifiers>
          <ticker value="VALE"/>
          <other otherDesc="SEDOL" value="2857334"/>
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        <balance>77534</balance>
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        <curCd>USD</curCd>
        <valUSD>1169988.06</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BR</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Antero Resources Corp</name>
        <lei>APVBKPOULHUX7YZLKU17</lei>
        <title>Antero Resources Corp</title>
        <cusip>03674X106</cusip>
        <identifiers>
          <ticker value="AR"/>
          <other otherDesc="SEDOL" value="BFD2WR8"/>
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        <balance>33721</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Transocean Ltd</name>
        <lei>529900QO4W5DQGBGEF32</lei>
        <title>Transocean Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="RIG"/>
          <other otherDesc="SEDOL" value="B3KFWW1"/>
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        <balance>228076</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
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          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>BHP Group Ltd</name>
        <lei>WZE1WSENV6JSZFK0JC28</lei>
        <title>BHP Group Ltd</title>
        <cusip>088606108</cusip>
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          <ticker value="BHP"/>
          <other otherDesc="SEDOL" value="2144337"/>
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        <balance>6807</balance>
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        <curCd>USD</curCd>
        <valUSD>639313.44</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Eni SpA</name>
        <lei>N/A</lei>
        <title>Eni SpA</title>
        <cusip>26874R108</cusip>
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          <ticker value="E"/>
          <other otherDesc="SEDOL" value="2297435"/>
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        <balance>18245</balance>
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        <curCd>USD</curCd>
        <valUSD>999826.00</valUSD>
        <pctVal>1.50</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IT</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Kinross Gold Corp</name>
        <lei>N/A</lei>
        <title>Kinross Gold Corp</title>
        <cusip>496902404</cusip>
        <identifiers>
          <ticker value="KGC"/>
          <other otherDesc="SEDOL" value="B04NVW3"/>
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        <balance>80277</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2462898.36</valUSD>
        <pctVal>3.70</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ExxonMobil Holdings Corp</name>
        <lei>N/A</lei>
        <title>ExxonMobil Holdings Corp</title>
        <cusip>30233Q108</cusip>
        <identifiers>
          <ticker value="XOM"/>
          <other otherDesc="SEDOL" value="BVSRPD7"/>
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        <balance>17793</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2863783.35</valUSD>
        <pctVal>4.30</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Venture Global Inc</name>
        <lei>N/A</lei>
        <title>Venture Global Inc</title>
        <cusip>92333F101</cusip>
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          <ticker value="VG"/>
          <other otherDesc="SEDOL" value="BSZBFJ7"/>
        </identifiers>
        <balance>58701</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>859382.64</valUSD>
        <pctVal>1.29</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Baker Hughes Co</name>
        <lei>N/A</lei>
        <title>Baker Hughes Co</title>
        <cusip>05722G100</cusip>
        <identifiers>
          <ticker value="BKR"/>
          <other otherDesc="SEDOL" value="BDHLTQ5"/>
        </identifiers>
        <balance>16268</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1033831.40</valUSD>
        <pctVal>1.55</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <dateSigned xmlns="http://www.sec.gov/edgar/nportcommon">2026-08-31</dateSigned>
      <nameOfApplicant xmlns="http://www.sec.gov/edgar/nportcommon">EA Series Trust</nameOfApplicant>
      <signature xmlns="http://www.sec.gov/edgar/nportcommon">/s/ Sean Hegarty</signature>
      <signerName xmlns="http://www.sec.gov/edgar/nportcommon">Sean Hegarty</signerName>
      <title xmlns="http://www.sec.gov/edgar/nportcommon">Treasurer</title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
