Document


COMMON STOCKS - 99.8%	Shares	Value
Aerospace & Defense - 2.4%
RTX Corp.	38,020	$	3,199,003

Air Freight & Logistics - 2.5%
United Parcel Service, Inc. - Class B	20,638	3,244,913

Automobile Manufacturers - 3.6%
Tesla, Inc.(a)	18,736	4,655,521

Broadline Retail - 2.4%
Amazon.com, Inc.(a)	20,824	3,163,999

Cable & Satellite - 2.4%
Comcast Corp. - Class A	72,628	3,184,738

Communications Equipment - 2.4%
Cisco Systems, Inc.	63,317	3,198,775

Consumer Staples Merchandise Retail - 2.4%
Walmart, Inc.	20,253	3,192,885

Diversified Banks - 8.8%
Bank of America Corp.	94,643	3,186,630
JPMorgan Chase & Co.	30,145	5,127,665
Wells Fargo & Co.	64,815	3,190,194
		11,504,489

Home Improvement Retail - 2.4%
Home Depot, Inc.	9,134	3,165,388

Household Products - 2.4%
Procter & Gamble Co.	21,868	3,204,537

Integrated Oil & Gas - 4.8%
Chevron Corp.	21,064	3,141,906
Exxon Mobil Corp.	31,347	3,134,073
		6,275,979

Integrated Telecommunication Services - 2.5%
Verizon Communications, Inc.	85,727	3,231,908


COMMON STOCKS - 99.8%	Shares	Value
Interactive Media & Services - 6.4%
Alphabet, Inc. - Class A(a)	11,371	$	1,588,415
Alphabet, Inc. - Class C(a)	11,278	1,589,409
Meta Platforms, Inc. - Class A(a)	14,718	5,209,583
		8,387,407

Managed Health Care - 2.5%
UnitedHealth Group, Inc.	6,120	3,221,996

Movies & Entertainment - 2.4%
Walt Disney Co.	35,420	3,198,072

Multi-Sector Holdings - 2.4%
Berkshire Hathaway, Inc. - Class B(a)	8,966	3,197,814

Pharmaceuticals - 10.8%
Eli Lilly & Co.	7,622	4,443,015
Johnson & Johnson	20,467	3,207,998
Merck & Co., Inc.	29,568	3,223,503
Pfizer, Inc.	111,533	3,211,035
		14,085,551

Restaurants - 2.5%
McDonald's Corp.	10,859	3,219,802

Semiconductors - 12.6%
Broadcom, Inc.	3,477	3,881,201
Intel Corp.	82,250	4,133,063
NVIDIA Corp.	10,626	5,262,207
QUALCOMM, Inc.	21,972	3,177,810
		16,454,281

Soft Drinks & Non-alcoholic Beverages - 4.8%
Coca-Cola Co.	53,059	3,126,767
PepsiCo, Inc.	18,811	3,194,860
		6,321,627

Systems Software - 6.5%
Microsoft Corp.	14,063	5,288,251
Oracle Corp.	30,149	3,178,609
		8,466,860

Technology Hardware, Storage & Peripherals - 3.7%


COMMON STOCKS - 99.8%	Shares	Value
Apple, Inc.	25,220	4,855,607
Transaction & Payment Processing Services - 6.2%
Mastercard, Inc. - Class A	7,391	$	3,152,335
Visa, Inc. - Class A	19,280	5,019,548
		8,171,883
TOTAL COMMON STOCKS (Cost $66,314,861)		$	130,803,035

SHORT-TERM INVESTMENTS - 0.2%	Shares	Value
Money Market Funds - 0.2%
First American Government Obligations Fund - Class X, 5.30%(b)	249,340	249,340
TOTAL SHORT-TERM INVESTMENTS (Cost $249,340)		249,340

TOTAL INVESTMENTS - 100.0% (Cost $66,564,201)		$	131,052,375
Other Assets in Excess of Liabilities - 0.0%(c)		12,575
TOTAL NET ASSETS - 100.0%		$	131,064,950


COMMON STOCKS - 99.6%	Shares	Value
Advertising - 0.8%
Advantage Solutions, Inc.(a)	1,027,647	$	3,720,082
comScore, Inc.(a)	7,330	122,411
Entravision Communications Corp. - Class A	339,318	1,414,956
Fluent, Inc.(a)	288,005	192,963
Thryv Holdings, Inc.(a)	158,528	3,226,045
		8,676,457

Aerospace & Defense - 0.1%
Kaman Corp.	47,238	1,131,350
SIFCO Industries, Inc.(a)	5,534	25,124
V2X, Inc.(a)	7,436	345,328
		1,501,802

Agricultural & Farm Machinery - 0.3%
Titan International, Inc.(a)	195,509	2,909,174

Agricultural Products & Services - 0.5%
Alico, Inc.	12,863	374,056
Fresh Del Monte Produce, Inc.	203,209	5,334,236
		5,708,292

Air Freight & Logistics - 0.4%
Air Transport Services Group, Inc.(a)	224,257	3,949,166
Radiant Logistics, Inc.(a)	153,064	1,016,345
		4,965,511

Alternative Carriers - 1.0%
EchoStar Corp. - Class A(a)(b)	261,327	4,330,188
Liberty Latin America Ltd. - Class A(a)	155,255	1,134,914
Liberty Latin America Ltd. - Class C(a)	725,235	5,323,225
		10,788,327

Aluminum - 0.3%
Century Aluminum Co.(a)	295,735	3,590,223

Apparel Retail - 2.4%
Abercrombie & Fitch Co. - Class A(a)	45,503	4,014,275
Caleres, Inc.	109,257	3,357,468
Cato Corp. - Class A	36,691	261,974
Chico's FAS, Inc.(a)	206,516	1,565,391
Citi Trends, Inc.(a)	19,682	556,607
Designer Brands, Inc. - Class A	184,171	1,629,913
Destination XL Group, Inc.(a)	51,608	227,075


COMMON STOCKS - 99.6%	Shares	Value
Apparel Retail - 2.4% (Continued)
Duluth Holdings, Inc. - Class B(a)	72,254	388,727
Foot Locker, Inc.	274,806	8,560,206
Genesco, Inc.(a)	28,814	1,014,541
Lands' End, Inc.(a)	32,083	306,713
Shoe Carnival, Inc.	81,246	2,454,442
Tilly's, Inc. - Class A(a)	131,466	991,254
Zumiez, Inc.(a)	67,856	1,380,191
		26,708,777

Apparel, Accessories & Luxury Goods - 0.9%
Delta Apparel, Inc.(a)	32,755	233,543
G-III Apparel Group Ltd.(a)	172,933	5,876,263
Jerash Holdings US, Inc.	700	2,149
Lakeland Industries, Inc.	10,173	188,607
Movado Group, Inc.	79,629	2,400,814
Superior Group of Cos., Inc.	15,319	206,807
Vera Bradley, Inc.(a)	93,948	723,400
Vince Holding Corp.(a)	4,923	17,034
		9,648,617

Application Software - 0.4%
Cleanspark, Inc.(a)	142,317	1,569,757
E2open Parent Holdings, Inc. - Class A(a)	617,680	2,711,615
Ebix, Inc.(b)	79,114	82,279
NetSol Technologies, Inc.(a)	39,596	85,131
		4,448,782

Asset Management & Custody Banks - 0.4%
Hennessy Advisors, Inc.	6,951	46,641
US Global Investors, Inc. - Class A	43,840	123,629
Virtus Investment Partners, Inc.	17,536	4,239,504
Westwood Holdings Group, Inc.	20,706	260,274
		4,670,048

Automobile Manufacturers - 0.7%
Winnebago Industries, Inc.	101,208	7,376,039

Automotive Parts & Equipment - 1.8%
American Axle & Manufacturing Holdings, Inc.(a)	426,773	3,759,870
China Automotive Systems, Inc.(a)	111,309	359,528
Dana, Inc.	411,749	6,015,653
Kandi Technologies Group, Inc.(a)	76,324	213,707


COMMON STOCKS - 99.6%	Shares	Value
Automotive Parts & Equipment - 1.8% (Continued)
Patrick Industries, Inc.	73,762	7,402,017
Standard Motor Products, Inc.	68,419	2,723,760
Strattec Security Corp.(a)	4,127	103,629
		20,578,164

Automotive Retail - 0.3%
CarParts.com, Inc.(a)	52,544	166,039
Lazydays Holdings, Inc.(a)(b)	25,305	178,400
OneWater Marine, Inc. - Class A(a)	59,363	2,005,876
RumbleON, Inc. - Class B(a)(b)	53,925	438,950
Sonic Automotive, Inc. - Class A	11,424	642,143
		3,431,408

Biotechnology - 0.9%
Carisma Therapeutics, Inc.(b)	48,134	141,033
Emergent BioSolutions, Inc.(a)	59,524	142,858
iTeos Therapeutics, Inc.(a)	121,230	1,327,469
Ovid therapeutics, Inc.(a)	118,445	381,393
Vanda Pharmaceuticals, Inc.(a)	186,068	785,207
Vir Biotechnology, Inc.(a)	423,404	4,259,443
Voyager Therapeutics, Inc.(a)	36,496	308,026
XBiotech, Inc.(a)	59,552	238,208
Zymeworks, Inc.(a)	273,416	2,840,792
		10,424,429

Broadcasting - 0.5%
EW Scripps Co. - Class A(a)	225,493	1,801,689
Saga Communications, Inc. - Class A	17,636	392,577
Salem Media Group, Inc.(a)	50,587	19,729
Sinclair, Inc.	189,058	2,463,426
Townsquare Media, Inc. - Class A	59,400	627,264
Urban One, Inc.(a)	123,362	435,468
		5,740,153

Building Products - 1.9%
American Woodmark Corp.(a)	69,144	6,420,021
AZZ, Inc.	82,637	4,800,383
JELD-WEN Holding, Inc.(a)	332,583	6,279,167
Quanex Building Products Corp.	116,862	3,572,471
		21,072,042

Cargo Ground Transportation - 1.5%
ArcBest Corp.	70,869	8,519,162
Covenant Logistics Group, Inc.	73,264	3,373,075


COMMON STOCKS - 99.6%	Shares	Value
Cargo Ground Transportation - 1.5% (Continued)
Daseke, Inc.(a)	121,469	983,899
Heartland Express, Inc.	96,955	1,382,578
PAM Transportation Services, Inc.(a)	46,974	976,120
Universal Logistics Holdings, Inc.	76,346	2,139,215
		17,374,049

Casinos & Gaming - 0.3%
Bally's Corp.(a)	129,630	1,807,042
Century Casinos, Inc.(a)	61,893	302,038
Golden Entertainment, Inc.	25,972	1,037,062
		3,146,142

Coal & Consumable Fuels - 0.3%
CONSOL Energy, Inc.	12,795	1,286,281
Hallador Energy Co.(a)	180,821	1,598,457
NACCO Industries, Inc. - Class A	28,371	1,035,542
		3,920,280

Commercial & Residential Mortgage Finance - 1.9%
Federal Agricultural Mortgage Corp. - Class C	26,102	4,991,225
Guild Holdings Co. - Class A	219,861	3,097,841
loanDepot, Inc. - Class A(a)	190,345	670,014
Merchants Bancorp	130,526	5,557,798
NMI Holdings, Inc. - Class A(a)	86,999	2,582,130
Ocwen Financial Corp.(a)	34,892	1,073,278
Security National Financial Corp. - Class A(a)	38,769	348,921
Velocity Financial, Inc.(a)	113,151	1,948,460
Waterstone Financial, Inc.	60,376	857,339
		21,127,006

Commercial Printing - 0.4%
Deluxe Corp.	165,472	3,549,374
Quad/Graphics, Inc.(a)	227,652	1,233,874
		4,783,248

Commodity Chemicals - 2.0%
AdvanSix, Inc.	122,579	3,672,467
Core Molding Technologies, Inc.(a)	29,813	552,435
Koppers Holdings, Inc.	77,412	3,965,043
Kronos Worldwide, Inc.	371,965	3,697,332
Mativ Holdings, Inc.	182,484	2,793,830
Tronox Holdings PLC	561,263	7,947,484
		22,628,591



COMMON STOCKS - 99.6%	Shares	Value
Communications Equipment - 0.5%
Comtech Telecommunications Corp.	70,605	595,200
KVH Industries, Inc.(a)	22,730	119,560
NetScout Systems, Inc.(a)	199,598	4,381,176
Network-1 Technologies, Inc.	88,119	192,099
		5,288,035

Construction & Engineering - 0.5%
Concrete Pumping Holdings, Inc.(a)	247,982	2,033,453
Limbach Holdings, Inc.(a)	7,151	325,156
Northwest Pipe Co.(a)	35,828	1,084,155
Orion Group Holdings, Inc.(a)	203,566	1,005,616
Tutor Perini Corp.(a)	186,600	1,698,060
		6,146,440

Construction Machinery & Heavy Transportation Equipment - 0.7%
Commercial Vehicle Group, Inc.(a)	56,198	393,948
Greenbrier Cos., Inc.	116,271	5,136,852
Manitowoc Co., Inc.(a)	137,204	2,289,935
REV Group, Inc.	380	6,905
		7,827,640

Consumer Electronics - 0.2%
GoPro, Inc. - Class A(a)	528,555	1,834,085
Koss Corp.(a)	5,245	17,571
Universal Electronics, Inc.(a)	35,156	330,115
VOXX International Corp.(a)	61,250	654,150
		2,835,921

Consumer Finance - 3.1%
Atlanticus Holdings Corp.(a)	14,044	543,081
Bread Financial Holdings, Inc.	150,703	4,964,157
Consumer Portfolio Services, Inc.(a)	116,114	1,087,988
Encore Capital Group, Inc.(a)	69,164	3,510,073
Enova International, Inc.(a)	101,810	5,636,201
EZCORP, Inc. - Class A(a)	264,518	2,311,887
Green Dot Corp. - Class A(a)	143,675	1,422,383
LendingClub Corp.(a)	290,939	2,542,807
LendingTree, Inc.(a)	28,861	875,066
Moneylion, Inc.(a)	12,846	805,316
Navient Corp.	361,826	6,737,199
Nicholas Financial, Inc.(a)	23,487	160,416
Oportun Financial Corp.(a)	90,082	352,221


COMMON STOCKS - 99.6%	Shares	Value
Consumer Finance - 3.1% (Continued)
PROG Holdings, Inc.(a)	49,049	1,516,105
Regional Management Corp.	34,172	857,034
World Acceptance Corp.(a)	12,802	1,671,045
		34,992,979

Data Processing & Outsourced Services - 0.2%
Conduent, Inc.(a)	649,333	2,370,065
StarTek, Inc.(a)	48,334	213,153
		2,583,218

Distributors - 0.4%
AMCON Distributing Co.	2,267	442,065
GigaCloud Technology, Inc. - Class A(a)(b)	151,232	2,766,789
Weyco Group, Inc.	26,304	824,893
		4,033,747

Diversified Banks - 0.0%(c)
Bank of NT Butterfield & Son Ltd.	90	2,881

Diversified Financial Services - 0.1%
Alerus Financial Corp.	28,880	646,623

Diversified Support Services - 0.5%
Civeo Corp.	78,259	1,788,218
Matthews International Corp. - Class A	105,190	3,855,214
		5,643,432

Education Services - 1.1%
Chegg, Inc.(a)	303,343	3,445,976
Lincoln Educational Services Corp.(a)	169,253	1,699,300
Perdoceo Education Corp.	292,339	5,133,473
Universal Technical Institute, Inc.(a)	174,594	2,185,917
		12,464,666

Electrical Components & Equipment - 0.2%
CBAK Energy Technology, Inc.(a)	252,635	265,267
LSI Industries, Inc.	4,127	58,108
Preformed Line Products Co.	12,185	1,631,084
Servotronics, Inc.(a)	1,500	18,750
Ultralife Corp.(a)	29,121	198,605
		2,171,814


COMMON STOCKS - 99.6%	Shares	Value
Electronic Components - 0.1%
Bel Fuse, Inc. - Class B	17,160	1,145,773

Electronic Equipment & Instruments - 0.1%
Daktronics, Inc.(a)	92,528	784,637

Electronic Manufacturing Services - 1.0%
Benchmark Electronics, Inc.	46,898	1,296,261
Kimball Electronics, Inc.(a)	32,239	868,841
Methode Electronics, Inc.	91,266	2,074,476
TTM Technologies, Inc.(a)	443,845	7,017,189
		11,256,767

Environmental & Facilities Services - 0.5%
BrightView Holdings, Inc.(a)	356,623	3,002,766
Enviri Corp.(a)	266,376	2,397,384
		5,400,150

Fertilizers & Agricultural Chemicals - 0.2%
American Vanguard Corp.	91,217	1,000,650
Intrepid Potash, Inc.(a)	29,457	703,728
		1,704,378

Food Distributors - 1.3%
Andersons, Inc.	136,002	7,825,555
SpartanNash Co.	138,387	3,175,982
United Natural Foods, Inc.(a)	204,008	3,311,050
		14,312,587

Food Retail - 1.2%
Ingles Markets, Inc. - Class A	73,223	6,324,270
Natural Grocers by Vitamin Cottage, Inc.	61,172	978,752
Village Super Market, Inc. - Class A	46,526	1,220,377
Weis Markets, Inc.	70,126	4,485,259
		13,008,658

Footwear - 0.0%(c)
Rocky Brands, Inc.	5,783	174,531

Gold - 0.0%(c)
Caledonia Mining Corp. PLC	44,866	547,365


COMMON STOCKS - 99.6%	Shares	Value
Health Care Distributors - 0.8%
AdaptHealth Corp.(a)	464,678	3,387,503
Great Elm Group, Inc.(a)	2,917	5,659
Owens & Minor, Inc.(a)	275,065	5,300,502
		8,693,664

Health Care Equipment - 0.0%(c)
FONAR Corp.(a)	11,985	234,427

Health Care Services - 0.7%
American Shared Hospital Services(a)	9,768	23,242
Cross Country Healthcare, Inc.(a)	104,731	2,371,110
Enhabit, Inc.(a)	78,628	813,800
Fulgent Genetics, Inc.(a)	100,942	2,918,233
Pediatrix Medical Group, Inc.(a)	217,340	2,021,262
		8,147,647

Health Care Supplies - 0.5%
Avanos Medical, Inc.(a)	164,145	3,681,772
OraSure Technologies, Inc.(a)	165,754	1,359,183
		5,040,955

Health Care Technology - 0.1%
CareCloud, Inc.(a)	33,155	50,396
Multiplan Corp.(a)	779,794	1,122,903
		1,173,299

Heavy Electrical Equipment - 0.0%(c)
Broadwind, Inc.(a)	45,735	126,686

Home Furnishings - 0.9%
Bassett Furniture Industries, Inc.	21,018	348,899
Ethan Allen Interiors, Inc.	51,208	1,634,559
Flexsteel Industries, Inc.	18,136	341,864
Hooker Furnishings Corp.	34,124	889,954
La-Z-Boy, Inc.	165,133	6,096,710
Live Ventures, Inc.(a)	14,781	375,437
		9,687,423


COMMON STOCKS - 99.6%	Shares	Value
Homebuilding - 1.8%
Beazer Homes USA, Inc.(a)	132,246	4,468,592
Hovnanian Enterprises, Inc. - Class A(a)	23,827	3,707,958
Landsea Homes Corp.(a)	120,080	1,577,851
Legacy Housing Corp.(a)	35,135	886,105
M/I Homes, Inc.(a)	72,248	9,951,440
		20,591,946

Homefurnishing Retail - 0.3%
Aaron's Co., Inc.	140,922	1,533,231
Haverty Furniture Cos., Inc.	66,486	2,360,253
		3,893,484

Hotels, Resorts & Cruise Lines - 0.3%
Bluegreen Vacations Holding Corp.	43,473	3,265,692

Household Appliances - 0.0%(c)
Traeger, Inc.(a)	25,804	70,445

Human Resource & Employment Services - 0.7%
Asure Software, Inc.(a)	62,093	591,125
Heidrick & Struggles International, Inc.	55,637	1,642,961
Kelly Services, Inc. - Class A	159,955	3,458,227
TrueBlue, Inc.(a)	104,783	1,607,371
		7,299,684

Industrial Machinery & Supplies & Components - 0.5%
Eastern Co.	14,306	314,732
Hurco Cos., Inc.	22,542	485,329
LS Starrett Co. - Class A(a)	9,336	112,966
Mayville Engineering Co., Inc.(a)	70,880	1,022,090
NN, Inc.(a)	146,385	585,540
Park-Ohio Holdings Corp.	8,918	240,429
Proto Labs, Inc.(a)	73,501	2,863,599
		5,624,685

Insurance Brokers - 0.0%(c)
Crawford & Co. - Class A	7,251	95,568
Crawford & Co. - Class B	101	1,321
GoHealth, Inc.(a)	18,136	241,935
		338,824


COMMON STOCKS - 99.6%	Shares	Value
Integrated Telecommunication Services - 0.4%
ATN International, Inc.	62,909	2,451,563
Consolidated Communications Holdings, Inc.(a)	386,859	1,682,837
		4,134,400

Interactive Media & Services - 0.0%(c)
DHI Group, Inc.(a)	4,105	10,632

Investment Banking & Brokerage - 0.1%
Oppenheimer Holdings, Inc. - Class A	34,391	1,421,036

IT Consulting & Other Services - 0.0%(c)
WidePoint Corp.(a)	22,170	51,434

Leisure Products - 1.3%
American Outdoor Brands, Inc.(a)	18,536	155,702
AMMO, Inc.(a)	182,145	382,505
JAKKS Pacific, Inc.(a)	44,633	1,586,703
Johnson Outdoors, Inc. - Class A	14,988	800,659
Latham Group, Inc.(a)	250,745	659,459
MasterCraft Boat Holdings, Inc.(a)	63,582	1,439,496
Smith & Wesson Brands, Inc.	60,231	816,732
Solo Brands, Inc. - Class A(a)	327,222	2,015,688
Vista Outdoor, Inc.(a)	217,032	6,417,637
		14,274,581

Life & Health Insurance - 0.3%
Citizens, Inc.(a)(b)	112,841	303,542
National Western Life Group, Inc. - Class A	5,991	2,893,773
		3,197,315

Marine Transportation - 1.8%
Costamare, Inc.	466,402	4,855,245
Eagle Bulk Shipping, Inc.(b)	37,550	2,080,270
Genco Shipping & Trading Ltd.	208,342	3,456,394
Golden Ocean Group Ltd.	607,293	5,927,180
Pangaea Logistics Solutions Ltd.	275,922	2,273,597
Safe Bulkers, Inc.	423,469	1,664,233
		20,256,919


COMMON STOCKS - 99.6%	Shares	Value
Movies & Entertainment - 0.6%
Marcus Corp.	131,147	1,912,123
Sphere Entertainment Co.(a)	131,098	4,452,088
		6,364,211

Multi-line Insurance - 0.3%
Atlantic American Corp.	1,204	2,866
Horace Mann Educators Corp.	106,932	3,496,676
		3,499,542

Office Services & Supplies - 0.8%
ACCO Brands Corp.	355,071	2,158,832
ARC Document Solutions, Inc.	207,659	681,122
CompX International, Inc.	1,500	37,920
NL Industries, Inc.	126,699	710,781
Steelcase, Inc. - Class A	358,238	4,843,377
		8,432,032

Oil & Gas Drilling - 0.1%
Nabors Industries Ltd.(a)	9,661	788,627

Oil & Gas Equipment & Services - 2.8%
Archrock, Inc.	409,685	6,309,148
Bristow Group, Inc.(a)	30,516	862,687
DMC Global, Inc.(a)	74,385	1,399,926
Energy Services of America Corp.	7,051	42,165
Forum Energy Technologies, Inc.(a)	7,951	176,274
Helix Energy Solutions Group, Inc.(a)	269,775	2,773,287
Mammoth Energy Services, Inc.(a)	67,998	303,271
Natural Gas Services Group, Inc.(a)	72,578	1,167,054
NCS Multistage Holdings, Inc.(a)	15,719	270,681
Newpark Resources, Inc.(a)	149,290	991,286
Oil States International, Inc.(a)	288,858	1,961,346
ProPetro Holding Corp.(a)	429,822	3,601,908
Ranger Energy Services, Inc.	92,801	949,354
RPC, Inc.	589,609	4,292,354
SEACOR Marine Holdings, Inc.(a)	90,403	1,138,174
Select Water Solutions, Inc.	205,400	1,558,986
Smart Sand, Inc.(a)	117,435	226,650
US Silica Holdings, Inc.(a)	305,041	3,450,014
		31,474,565


COMMON STOCKS - 99.6%	Shares	Value
Oil & Gas Exploration & Production - 3.4%
Amplify Energy Corp.(a)	120,722	715,881
Barnwell Industries, Inc.	41,023	99,686
Battalion Oil Corp.(a)	993	9,543
Berry Corp.	315,987	2,221,389
Crescent Energy Co. - Class A(b)	510,624	6,745,344
Epsilon Energy Ltd.	70,461	357,942
Gulfport Energy Corp.(a)	58,686	7,816,976
HighPeak Energy, Inc.(b)	102,352	1,457,492
PEDEVCO Corp.(a)	49,091	37,805
PHX Minerals, Inc.	104,883	337,723
PrimeEnergy Resources Corp.(a)	2,010	213,764
Riley Exploration Permian, Inc.	24,187	658,854
Ring Energy, Inc.(a)(b)	495,033	722,748
SandRidge Energy, Inc.	189,157	2,585,776
SilverBow Resources, Inc.(a)	76,288	2,218,455
Talos Energy, Inc.(a)	440,934	6,274,491
US Energy Corp.	17,536	17,536
VAALCO Energy, Inc.	335,954	1,508,433
Vital Energy, Inc.(a)	77,613	3,530,615
		37,530,453
Oil & Gas Refining & Marketing - 2.1%
Adams Resources & Energy, Inc.	15,119	395,815
Delek US Holdings, Inc.	260,276	6,715,121
FutureFuel Corp.	181,026	1,100,638
Par Pacific Holdings, Inc.(a)	204,527	7,438,648
REX American Resources Corp.(a)	58,718	2,777,361
World Kinect Corp.	223,758	5,097,207
		23,524,790

Oil & Gas Storage & Transportation - 2.8%
Ardmore Shipping Corp.	169,244	2,384,648
DHT Holdings, Inc.	83,499	819,125
Dorian LPG Ltd.	163,815	7,186,565
Golar LNG Ltd.	82,364	1,893,548
Overseas Shipholding Group, Inc. - Class A	342,125	1,802,999
SFL Corp. Ltd.	571,207	6,443,216
Teekay Corp.(a)	552,606	3,951,133
Teekay Tankers Ltd. - Class A	128,892	6,440,733
		30,921,967


COMMON STOCKS - 99.6%	Shares	Value
Other Specialty Retail - 1.9%
1-800-Flowers.com, Inc. - Class A(a)	194,456	2,096,236
Big 5 Sporting Goods Corp.	93,948	595,630
Hibbett, Inc.	36,889	2,656,746
MarineMax, Inc.(a)	82,625	3,214,113
ODP Corp.(a)	151,185	8,511,715
Sally Beauty Holdings, Inc.(a)	270,677	3,594,591
Sportsman's Warehouse Holdings, Inc.(a)	98,294	418,732
		21,087,763

Packaged Foods & Meats - 0.6%
B&G Foods, Inc.	182,360	1,914,780
Dole PLC	353,916	4,349,628
Seneca Foods Corp. - Class A(a)	12,376	648,997
Whole Earth Brands, Inc.(a)	23,487	80,091
		6,993,496

Paper & Plastic Packaging Products & Materials - 0.8%
Pactiv Evergreen, Inc.	541,207	7,419,948
Ranpak Holdings Corp.(a)	179,772	1,046,273
		8,466,221

Paper Products - 0.5%
Clearwater Paper Corp.(a)	86,959	3,140,959
Glatfelter Corp.(a)	44,837	86,984
Mercer International, Inc.	229,098	2,171,849
		5,399,792

Passenger Airlines - 1.8%
Allegiant Travel Co.	66,013	5,453,334
JetBlue Airways Corp.(a)	761,396	4,225,748
SkyWest, Inc.(a)	170,400	8,894,880
Sun Country Airlines Holdings, Inc.(a)	88,914	1,398,617
		19,972,579

Personal Care Products - 0.1%
Lifevantage Corp.	70,461	422,767
Mannatech, Inc.	5,134	40,353
Natural Alternatives International, Inc.(a)	19,653	126,172
Nature's Sunshine Products, Inc.(a)	6,401	110,673
		699,965


COMMON STOCKS - 99.6%	Shares	Value
Pharmaceuticals - 0.4%
Assertio Holdings, Inc.(a)	351,608	376,221
Innoviva, Inc.(a)	230,936	3,704,213
ProPhase Labs, Inc.(a)(b)	3,317	14,993
SCYNEXIS, Inc.(a)	81,764	182,334
		4,277,761

Property & Casualty Insurance - 1.9%
Ambac Financial Group, Inc.(a)	140,922	2,322,395
Donegal Group, Inc. - Class A	102,816	1,438,396
Employers Holdings, Inc.	24,426	962,384
Hallmark Financial Services, Inc.(a)	10,478	10,583
Heritage Insurance Holdings, Inc.(a)	89,475	583,377
Investors Title Co.	4,127	669,152
James River Group Holdings Ltd.	91,938	849,507
Mercury General Corp.	116,911	4,361,948
Stewart Information Services Corp.	69,654	4,092,173
Tiptree, Inc.	144,168	2,733,425
United Fire Group, Inc.	57,867	1,164,284
Universal Insurance Holdings, Inc.	151,664	2,423,591
		21,611,215

Publishing - 0.6%
Gannett Co., Inc.(a)	722,385	1,661,486
Scholastic Corp.	122,035	4,600,719
		6,262,205

Real Estate Development - 0.6%
AMREP Corp.(a)	34,972	768,335
Forestar Group, Inc.(a)	186,635	6,172,019
		6,940,354

Real Estate Services - 1.4%
Anywhere Real Estate, Inc.(a)	318,180	2,580,440
Newmark Group, Inc. - Class A	606,813	6,650,671
Opendoor Technologies, Inc.(a)	1,325,428	5,937,917
RE/MAX Holdings, Inc. - Class A	46,837	624,337
		15,793,365

Regional Banks - 24.2%
1st Source Corp.	68,944	3,788,473
ACNB Corp.	38,606	1,728,005
Amalgamated Financial Corp.	101,539	2,735,461
Amerant Bancorp, Inc.	30,266	743,636



COMMON STOCKS - 99.6%	Shares	Value
Regional Banks - 24.2% (Continued)
American National Bankshares, Inc.	36,389	1,773,964
AmeriServ Financial, Inc.	77,412	250,428
Ames National Corp.	9,268	197,779
Arrow Financial Corp.	24,839	694,002
Auburn National BanCorp, Inc.	8,642	183,902
Banc of California, Inc.	119,146	1,600,131
Bank of Marin Bancorp	9,368	206,283
Bank of the James Financial Group, Inc.	16,219	195,115
Bank7 Corp.	26,904	735,824
BankUnited, Inc.	163,417	5,299,612
Bankwell Financial Group, Inc.	16,219	489,489
Banner Corp.	94,586	5,066,025
Bar Harbor Bankshares	35,809	1,051,352
BayCom Corp.	26,927	635,208
BCB Bancorp, Inc.	59,776	768,122
Berkshire Hills Bancorp, Inc.	112,392	2,790,693
Blue Ridge Bankshares, Inc.(b)	49,587	150,249
Bridgewater Bancshares, Inc.(a)	8,907	120,423
Brookline Bancorp, Inc.	233,046	2,542,532
Business First Bancshares, Inc.	61,311	1,511,316
Byline Bancorp, Inc.	118,556	2,793,179
C&F Financial Corp.	11,087	756,023
California BanCorp(a)	5,783	143,187
Cambridge Bancorp	18,154	1,259,888
Camden National Corp.	31,046	1,168,261
Capital Bancorp, Inc.	75,941	1,837,772
Capital City Bank Group, Inc.	26,781	788,165
Capitol Federal Financial, Inc.	335,086	2,161,305
Carter Bankshares, Inc.(a)	72,533	1,085,819
CB Financial Services, Inc.	26,704	636,089
Central Pacific Financial Corp.	70,461	1,386,672
Central Valley Community Bancorp	37,499	838,103
CF Bankshares, Inc.	2,317	45,575
Chemung Financial Corp.	17,333	863,183
ChoiceOne Financial Services, Inc.	22,170	649,581
Citizens Community Bancorp, Inc.	47,474	555,921
Citizens Financial Services, Inc.	1,447	93,650
Citizens Holding Co.	3,717	28,807
Civista Bancshares, Inc.	40,844	753,163
CNB Financial Corp.	56,242	1,270,507
Codorus Valley Bancorp, Inc.	44,604	1,146,323
Colony Bankcorp, Inc.	29,121	387,309
Community Trust Bancorp, Inc.(b)	52,704	2,311,597



COMMON STOCKS - 99.6%	Shares	Value
Regional Banks - 24.2% (Continued)
Community West Bancshares	31,665	550,654
ConnectOne Bancorp, Inc.	84,319	1,931,748
CrossFirst Bankshares, Inc.(a)	149,390	2,028,716
Customers Bancorp, Inc.(a)	17,728	1,021,487
Dime Community Bancshares, Inc.	60,416	1,627,003
Eagle Bancorp Montana, Inc.	18,536	292,683
Enterprise Bancorp, Inc.	47,249	1,524,253
Enterprise Financial Services Corp.	96,578	4,312,208
Equity Bancshares, Inc. - Class A	69,640	2,360,796
ESSA Bancorp, Inc.	38,806	776,896
Evans Bancorp, Inc.	3,396	107,076
Farmers National Banc Corp.	73,359	1,060,038
FB Financial Corp.	113,148	4,508,948
Financial Institutions, Inc.	54,225	1,154,993
Finwise Bancorp(a)	17,536	250,940
First Bancorp, Inc.	5,634	158,991
First Bancorp/Southern Pines	56,466	2,089,807
First Bancshares, Inc.	75,951	2,227,643
First Bank	68,861	1,012,257
First Busey Corp.	156,237	3,877,802
First Business Financial Services, Inc.	38,126	1,528,853
First Capital, Inc.	11,585	316,155
First Commonwealth Financial Corp.	170,360	2,630,358
First Community Bankshares, Inc.	24,087	893,628
First Community Corp.	30,238	651,024
First Financial Bancorp	214,572	5,096,084
First Financial Corp.	37,541	1,615,389
First Financial Northwest, Inc.	24,187	326,041
First Foundation, Inc.	42,880	415,078
First Guaranty Bancshares, Inc.	34,785	386,809
First Merchants Corp.	131,399	4,872,275
First Mid Bancshares, Inc.	49,191	1,704,960
First National Corp.	11,085	241,099
First Northwest Bancorp	14,002	223,192
First of Long Island Corp.	47,290	626,120
First Savings Financial Group, Inc.	27,721	465,713
First United Corp.	14,944	351,333
First US Bancshares, Inc.	5,634	59,833
First Western Financial, Inc.(a)	20,729	411,056
Flushing Financial Corp.	28,695	472,894
FNCB Bancorp, Inc.	105,181	714,179
Franklin Financial Services Corp.	25,804	814,116
FS Bancorp, Inc.	28,162	1,040,868



COMMON STOCKS - 99.6%	Shares	Value
Regional Banks - 24.2% (Continued)
FVCBankcorp, Inc.(a)	44,425	630,835
Great Southern Bancorp, Inc.	16,052	952,686
Guaranty Bancshares, Inc.	20,058	674,350
Hanmi Financial Corp.	59,471	1,153,737
HarborOne Bancorp, Inc.	96,132	1,151,661
Hawthorn Bancshares, Inc.	22,279	565,218
Heartland Financial USA, Inc.	117,647	4,424,704
Heritage Commerce Corp.	122,860	1,218,771
Heritage Financial Corp.	92,101	1,970,040
HMN Financial, Inc.	26,304	604,992
Home Bancorp, Inc.	24,584	1,032,774
HomeTrust Bancshares, Inc.	18,436	496,297
Hope Bancorp, Inc.	257,381	3,109,162
Horizon Bancorp, Inc.	76,922	1,100,754
Independent Bank Corp.	76,912	2,001,250
Independent Bank Group, Inc.	103,514	5,266,791
Investar Holding Corp.	42,233	629,694
Kearny Financial Corp.	136,867	1,227,697
Lakeland Bancorp, Inc.	76,263	1,127,930
Landmark Bancorp, Inc.	11,169	216,453
LCNB Corp.	45,557	718,434
Luther Burbank Corp.(a)	171,219	1,833,755
Macatawa Bank Corp.	10,478	118,192
MainStreet Bancshares, Inc.	34,112	846,319
Mercantile Bank Corp.	43,037	1,737,834
Metrocity Bankshares, Inc.	41,285	991,666
Mid Penn Bancorp, Inc.	28,993	703,950
Middlefield Banc Corp.	15,519	502,350
Midland States Bancorp, Inc.	59,959	1,652,470
MidWestOne Financial Group, Inc.	49,191	1,323,730
Nicolet Bankshares, Inc.	31,233	2,513,632
Northeast Bank	19,653	1,084,649
Northeast Community Bancorp, Inc.	49,995	886,911
Northfield Bancorp, Inc.	128,401	1,615,285
Northrim BanCorp, Inc.	17,109	978,806
Northwest Bancshares, Inc.	279,747	3,491,243
Oak Valley Bancorp(b)	31,158	933,182
OceanFirst Financial Corp.	187,392	3,253,125
OFG Bancorp	39,453	1,478,698
Ohio Valley Banc Corp.	6,951	159,873
Old Point Financial Corp.	15,019	266,287
Old Second Bancorp, Inc.	94,012	1,451,545
OP Bancorp	41,023	449,202



COMMON STOCKS - 99.6%	Shares	Value
Regional Banks - 24.2% (Continued)
Origin Bancorp, Inc.	69,837	2,484,102
Orrstown Financial Services, Inc.	20,517	605,252
Parke Bancorp, Inc.	43,299	876,805
Pathward Financial, Inc.	34,711	1,837,253
Patriot National Bancorp, Inc.(a)	7,451	28,537
PCB Bancorp	42,640	785,855
Peapack-Gladstone Financial Corp.	47,936	1,429,452
Penns Woods Bancorp, Inc.	22,370	503,549
Peoples Bancorp of North Carolina, Inc.	24,899	751,701
Peoples Bancorp, Inc.	124,547	4,204,707
Peoples Financial Services Corp.	24,687	1,202,257
Pioneer Bancorp, Inc.(a)	46,974	470,210
Plumas Bancorp	2,317	95,808
Ponce Financial Group, Inc.(a)	15,919	155,369
Preferred Bank	38,054	2,779,845
Premier Financial Corp.	15,245	367,405
Primis Financial Corp.	44,756	566,611
Princeton Bancorp, Inc.	26,304	944,314
Provident Bancorp, Inc.(a)	32,755	329,843
Provident Financial Holdings, Inc.	21,256	268,038
Provident Financial Services, Inc.	195,877	3,531,662
QCR Holdings, Inc.	52,291	3,053,271
RBB Bancorp	43,318	824,775
Red River Bancshares, Inc.	1,350	75,749
Renasant Corp.	137,839	4,642,418
Republic Bancorp, Inc. - Class A	52,101	2,873,891
Rhinebeck Bancorp, Inc.(a)	41,023	330,235
Riverview Bancorp, Inc.	73,256	468,838
S&T Bancorp, Inc.	126,214	4,218,072
Sandy Spring Bancorp, Inc.	91,729	2,498,698
SB Financial Group, Inc.	30,916	471,160
Shore Bancshares, Inc.	120,446	1,716,356
Sierra Bancorp	61,302	1,382,360
Simmons First National Corp. - Class A	122,987	2,440,062
SmartFinancial, Inc.	55,062	1,348,468
Sound Financial Bancorp, Inc.	11,785	459,615
South Plains Financial, Inc.	87,997	2,548,393
Southern First Bancshares, Inc.(a)	11,985	444,644
Southern Missouri Bancorp, Inc.	16,476	879,654
Southern States Bancshares, Inc.	5,790	169,531
Southside Bancshares, Inc.	60,558	1,896,677
Stellar Bancorp, Inc.	77,620	2,160,941
Sterling Bancorp, Inc.(a)	145,512	839,604



COMMON STOCKS - 99.6%	Shares	Value
Regional Banks - 24.2% (Continued)
Summit Financial Group, Inc.	51,708	1,586,919
Summit State Bank	21,016	252,192
Third Coast Bancshares, Inc.(a)	23,363	464,223
Timberland Bancorp, Inc.	43,065	1,354,825
Towne Bank	182,005	5,416,468
TriCo Bancshares	19,803	850,935
TrustCo Bank Corp.	58,413	1,813,724
Trustmark Corp.	168,420	4,695,550
Union Bankshares, Inc.	400	12,260
United Bancorp, Inc.	1,509	19,225
United Security Bancshares	40,399	339,756
Unity Bancorp, Inc.	27,435	811,802
Univest Financial Corp.	76,576	1,686,969
Veritex Holdings, Inc.	138,131	3,214,308
Virginia National Bankshares Corp.	1,687	57,999
WaFd, Inc.	177,657	5,855,574
Washington Trust Bancorp, Inc.	36,742	1,189,706
WesBanco, Inc.	151,560	4,754,437
Western New England Bancorp, Inc.	64,875	583,875
		270,419,767

Reinsurance - 0.6%
SiriusPoint Ltd.(a)	546,379	6,337,996

Research & Consulting Services - 0.3%
Mistras Group, Inc.(a)	157,708	1,154,423
Resources Connection, Inc.	129,090	1,829,205
		2,983,628

Restaurants - 0.4%
Ark Restaurants Corp.	16,319	230,914
Biglari Holdings, Inc. - Class B(a)	7,651	1,261,879
Carrols Restaurant Group, Inc.	197,493	1,556,245
El Pollo Loco Holdings, Inc.(a)	136,196	1,201,249
Flanigan's Enterprises, Inc.	11,585	297,966
Good Times Restaurants, Inc.(a)	31,038	78,837
		4,627,090

Semiconductor Materials & Equipment - 0.6%
AXT, Inc.(a)	146,751	352,202
Photronics, Inc.(a)	201,776	6,329,714
Trio-Tech International(a)	28,121	142,573
		6,824,489



COMMON STOCKS - 99.6%	Shares	Value
Semiconductors - 0.3%
Alpha & Omega Semiconductor Ltd.(a)	93,853	2,445,809
Magnachip Semiconductor Corp.(a)	176,223	1,321,673
		3,767,482

Specialized Finance - 0.6%
Acacia Research Corp.(a)	159,526	625,342
A-Mark Precious Metals, Inc.	73,988	2,238,137
Banco Latinoamericano de Comercio Exterior SA	113,225	2,801,187
SWK Holdings Corp.(a)	46,462	814,479
		6,479,145

Specialty Chemicals - 0.2%
Rayonier Advanced Materials, Inc.(a)	238,991	967,914
Valhi, Inc.	108,379	1,646,277
		2,614,191

Steel - 2.9%
Ascent Industries Co.(a)	34,820	332,879
Friedman Industries, Inc.	28,521	440,935
Olympic Steel, Inc.	47,113	3,142,437
Ramaco Resources, Inc.(a)	93,848	1,612,309
Ramaco Resources, Inc. - Class B	18,472	245,862
Ryerson Holding Corp.	157,070	5,447,188
Steel - 2.9% (Continued)
Schnitzer Steel Industries, Inc. - Class A	103,412	3,118,906
SunCoke Energy, Inc.	376,295	4,041,408
TimkenSteel Corp.(a)	195,898	4,593,808
Universal Stainless & Alloy Products, Inc.(a)	11,585	232,627
Warrior Met Coal, Inc.	143,829	8,769,254
		31,977,613

Systems Software - 0.5%
Adeia, Inc.	410,583	5,087,123

Technology Distributors - 0.2%
ScanSource, Inc.(a)	61,432	2,433,322

Technology Hardware, Storage & Peripherals - 0.7%
Eastman Kodak Co.(a)	179,160	698,724
Xerox Holdings Corp.	410,592	7,526,151
		8,224,875



COMMON STOCKS - 99.6%	Shares	Value
Textiles - 0.0%(c)
Crown Crafts, Inc.	35,122	174,205
Unifi, Inc.(a)	29,838	198,721
		372,926

Trading Companies & Distributors - 0.7%
BlueLinx Holdings, Inc.(a)	36,655	4,153,377
Hudson Technologies, Inc.(a)	170	2,293
MRC Global, Inc.(a)	77,752	856,050
Titan Machinery, Inc.(a)	80,829	2,334,342
Willis Lease Finance Corp.(a)	20,487	1,001,405
		8,347,467

Transaction & Payment Processing Services - 0.2%
BM Technologies, Inc.(a)(b)	35,072	71,898
Repay Holdings Corp.(a)	289,026	2,468,282
		2,540,180

Wireless Telecommunication Services - 1.3%
Telephone and Data Systems, Inc.	364,405	6,686,832
Tingo Group, Inc.(a)(d)	172,141	117,624
United States Cellular Corp.(a)	175,987	7,310,500
		14,114,956
TOTAL COMMON STOCKS (Cost $890,941,371)		1,112,918,134

REAL ESTATE INVESTMENT TRUSTS - 0.1%
Mortgage REITs - 0.1%
AFC Gamma, Inc.	47,474	571,112

Real Estate Operating Companies - 0.0%(c)
Transcontinental Realty Investors, Inc.(a)	1,400	48,384
TOTAL REAL ESTATE INVESTMENT TRUSTS (Cost $777,911)		619,496

CLOSED END FUNDS - 0.0%(c)
Logan Ridge Finance Corp.	11,685	260,926
TOTAL CLOSED END FUNDS (Cost $279,056)		260,926

RIGHTS - 0.0%(c)
Communication Systems/Pineapple Holdings Inc. CVR(a)(d)	3,750	—
Resolute Forest Products CVR(a)(d)	236,000	68,440
TOTAL RIGHTS (Cost $0)		68,440


WARRANTS - 0.0%(c)	Contracts	Value
Oil & Gas Drilling - 0.0%(c)
Nabors Industries Ltd., Expires June 11, 2026, Exercise Price $166.67(a)	5,200	54,600
TOTAL WARRANTS (Cost $0)		54,600

PREFERRED STOCKS - 0.0%(c)	Shares
Air Freight & Logistics - 0.0%(c)
Air T Funding, 8.00%, 06/07/2049	529	8,834
TOTAL PREFERRED STOCKS (Cost $11,003)		8,834

SHORT-TERM INVESTMENTS - 0.9%
Investments Purchased with Proceeds from Securities Lending - 0.7%
First American Government Obligations Fund - Class X, 5.30%(e)	7,012,188	7,012,188

Money Market Funds - 0.2%
First American Government Obligations Fund - Class X, 5.30%(e)	2,507,601	2,507,601
TOTAL SHORT-TERM INVESTMENTS (Cost $9,519,789)		9,519,789

TOTAL INVESTMENTS - 100.6% (Cost $901,529,130)		$	1,123,450,219
Liabilities in Excess of Other Assets - (0.6)%		(6,570,313)
TOTAL NET ASSETS - 100.0%		$	1,116,879,906


(a)						Non-income producing security.
(b)						All or a portion of this security is on loan as of December 31, 2023. The total market value of these securities was $6,589,760 which represented 0.6% of net assets.
(c)						Represents less than 0.05% 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 through its Valuation Committee. These securities represented $186,064 or 0.0% of net assets as of December 31, 2023.
(e)						The rate shown represents the 7-day effective yield as of December 31, 2023.


	EA Bridgeway Blue Chip ETF		EA Bridgeway Omni Small-Cap Value ETF
Assets:
Investments in securities, at value (1)	$	131,052,375	$	1,123,450,219
Cash	—		8,186
Receivable for investments sold	5,443,894		—
Receivable for fund shares sold	2,594,850		2,098,740
Dividends and interest receivable	66,677		792,265
Securities lending income receivable (Note 5)	—		24,315
Total assets	139,157,796		1,126,373,725

Liabilities:
Payable for investment securities purchased	$	5,487,455	$	2,064,075
Payable for fund shares redeemed	2,588,950		—
Due to securities lending agent (Note 5)	—		7,012,188
Accrued investment advisory fees (Note 4)	16,441		417,556
Total liabilities	8,092,846		9,493,819
Net Assets	$	131,064,950	$	1,116,879,906

Net Assets Consist of:
Paid-in capital	$	58,401,917	$	824,968,131
Total distributable earnings (accumulated deficit)	72,663,033		291,911,775
Net Assets:	$	131,064,950	$	1,116,879,906

Calculation of Net Asset Value Per Share:
Net Assets	$	131,064,950	$	1,116,879,906
Shares Outstanding (unlimited shares of beneficial interest authorized, no par value)	12,656,288		53,216,561
Net Asset Value per Share	$	10.36	$	20.99

Cost of Investments in Securities	$	66,564,201	$	901,529,130
(1) Includes loaned securities with a value of	$	—	$	6,589,760


	EA Bridgeway Blue Chip ETF		EA Bridgeway Omni Small-Cap Value ETF
Investment Income:
Dividend income (net of foreign withholding tax of $0 & $11,560, respectively)	$	1,168,705	$	9,798,581
Interest income	8,946		44,609
Securities lending income, net (See Note 5)	—		102,087
Total investment income	1,177,651		9,945,277

Expenses:
Investment advisory fees (Note 4)	91,451		2,102,154
Net expenses	91,451		2,102,154

Net Investment Income (Loss)	1,086,200		7,843,123

Realized and Unrealized Gain (Loss) on Investments:
Net realized gain (loss) on:
Investments	9,377,758		77,403,394
	9,377,758		77,403,394
Net change in unrealized appreciation (depreciation) on:
Investments	(1,727,374)		90,057,728
	(1,727,374)		90,057,728
Net realized and unrealized gain (loss) on investments:	7,650,384		167,461,122
Net Increase (Decrease) in Net Assets Resulting from Operations	$	8,736,584	$	175,304,245


	EA Bridgeway Blue Chip ETF				EA Bridgeway Omni Small-Cap Value ETF
	For the Period Ended December 31, 2023 (Unaudited)		Year Ended June 30, 2023 ⁽¹⁾		For the Period Ended December 31, 2023 (Unaudited)		Year Ended June 30, 2023 ⁽²⁾
Increase (Decrease) in Net Assets from:
Operations:
Net investment income (loss)	$	1,086,200	$	3,658,154	$	7,843,123	$	15,821,551
Net realized gain (loss) on investments	9,377,758


			Page



Sector Allocations			2
Schedule of Investments			3
Statement of Assets and Liabilities			28
Statement of Operations			28
Statement of Changes in Net Assets			30
Financial Highlights			31
Notes to Financial Statements			32

Expense Example			43
Liquidity Risk Management Program			45

Management of the Fund			46

Information About Portfolio Holdings			49
Information About Proxy Voting			49
Privacy Policy			49


Sector1						% Net Assets
Information Technology						25.3%2
Financials						17.4%
Communication Services						13.7%
Health Care						13.2%
Consumer Discretionary						10.9%
Consumer Staples						9.6%
Industrials						4.9%
Energy						4.8%
Other3						0.2%
Total						100.0%


Sector1						% Net Assets
Financials						33.8%2
Consumer Discretionary						15.0%
Industrials						14.0%
Energy						11.4%
Materials						6.9%
Communication Services						5.2%
Information Technology						4.4%
Consumer Staples						3.7%
Health Care						3.4%
Real Estate						2.0%
Other³						0.2%
Total						100.0%


EA BRIDGEWAY BLUE CHIP ETF
Schedule of Investments
December 31, 2023 (Unaudited)


EA BRIDGEWAY BLUE CHIP ETF
Schedule of Investments (Continued)
December 31, 2023 (Unaudited)