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          <shareholderServicingAgent>
            <shareholderServiceAgentName>Ultimus Fund Solutions, LLC</shareholderServiceAgentName>
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            <shareholderServiceAgentStateCountry shareholderServiceAgentState="US-OH" shareholderServiceAgentCountry="US"/>
            <isShareholderServiceAgentAffiliated>N</isShareholderServiceAgentAffiliated>
            <isShareholderServiceAgentSubshare>N</isShareholderServiceAgentSubshare>
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        </shareholderServicingAgents>
        <isShareholderServiceHiredTerminated>N</isShareholderServiceHiredTerminated>
        <admins>
          <admin>
            <adminName>Ultimus Fund Solutions, LLC</adminName>
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            <adminOther>084-05829</adminOther>
            <idNumberDesc>SEC File No.</idNumberDesc>
            <adminStateCountry adminState="US-OH" adminCountry="US"/>
            <isAdminAffiliated>N</isAdminAffiliated>
            <isAdminSubAdmin>N</isAdminSubAdmin>
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        <isAdminHiredOrTerminated>N</isAdminHiredOrTerminated>
        <brokers>
          <broker>
            <brokerName>JP MORGAN CHASE &amp; CO</brokerName>
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          <broker>
            <brokerName>J.P. MORGAN SECURITIES LLC</brokerName>
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          <broker>
            <brokerName>CANTOR FITZGERALD &amp; CO.</brokerName>
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          <broker>
            <brokerName>JONES TRADING INSTITUTIONAL SERVICES LLC</brokerName>
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          <broker>
            <brokerName>CITIGROUP GLOBAL MARKETS, INC</brokerName>
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          <broker>
            <brokerName>UBS SECURITIES LLC</brokerName>
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          <broker>
            <brokerName>MORGAN STANLEY &amp; CO., LLC</brokerName>
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          <broker>
            <brokerName>WELLS FARGO SECURITIES, LLC</brokerName>
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          <broker>
            <brokerName>WELLS FARGO BROKERAGE SERVICES LLC</brokerName>
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            <brokerStateCountry brokerState="US-NC" brokerCountry="US"/>
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          <broker>
            <brokerName>BOFA SECURITIES, INC.</brokerName>
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            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>18</grossCommission>
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        <aggregateCommission>22143.55</aggregateCommission>
        <principalAggregatePurchase>0</principalAggregatePurchase>
        <isBrokerageResearchPayment>N</isBrokerageResearchPayment>
        <mnthlyAvgNetAssets>65465979.30</mnthlyAvgNetAssets>
        <hasLineOfCredit>N</hasLineOfCredit>
        <isInterfundLending>N</isInterfundLending>
        <isInterfundBorrowing>N</isInterfundBorrowing>
        <isSwingPricing>N</isSwingPricing>
        <liquidityClassifications>
          <liquidityClassificationService>
            <liquidityName>ICE DATA PRICING &amp; REFERENCE DATA, LLC</liquidityName>
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            <assetClassType>Short-term investment vehicle</assetClassType>
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        </liquidityClassifications>
        <isLiquidityHiredTerminated>N</isLiquidityHiredTerminated>
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      <managementInvestmentQuestion>
        <mgmtInvFundName>NAA Large Core Fund</mgmtInvFundName>
        <mgmtInvSeriesId>S000084967</mgmtInvSeriesId>
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        <isForeignSubsidiary>N</isForeignSubsidiary>
        <isFundSecuritiesLending>N</isFundSecuritiesLending>
        <didFundLendSecurities>N</didFundLendSecurities>
        <paymentToAgentManagerType>N/A</paymentToAgentManagerType>
        <avgPortfolioSecuritiesValue>0</avgPortfolioSecuritiesValue>
        <netIncomeSecuritiesLending>0</netIncomeSecuritiesLending>
        <relyOnRuleTypes>
          <relyOnRuleType>Rule 32a-4 (17 CFR 270.32a-4)</relyOnRuleType>
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        <isExpenseLimitationInPlace>Y</isExpenseLimitationInPlace>
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        <isFeesWaivedRecoupable>Y</isFeesWaivedRecoupable>
        <isExpenseWaivedRecoupable>N</isExpenseWaivedRecoupable>
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            <investmentAdviserName>New Age Alpha Advisors, LLC</investmentAdviserName>
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        <transferAgents>
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            <transferAgentName>Ultimus Fund Solutions, LLC</transferAgentName>
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            <transferAgentStateCountry transferAgentState="US-OH" transferAgentCountry="US"/>
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            <isTransferAgentSubAgent>N</isTransferAgentSubAgent>
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        <isTransferAgentHiredOrTerminated>N</isTransferAgentHiredOrTerminated>
        <pricingServices>
          <pricingService>
            <pricingServiceName>ICE Data Services</pricingServiceName>
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          <custodian>
            <custodianName>Brown Brothers Harriman &amp; Co.</custodianName>
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            <custodianStateCountry custodianState="US-NY" custodianCountry="US"/>
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        <shareholderServicingAgents>
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            <shareholderServiceAgentName>Ultimus Fund Solutions, LLC</shareholderServiceAgentName>
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            <shareholderServiceAgentStateCountry shareholderServiceAgentState="US-OH" shareholderServiceAgentCountry="US"/>
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            <isShareholderServiceAgentSubshare>N</isShareholderServiceAgentSubshare>
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        <isShareholderServiceHiredTerminated>N</isShareholderServiceHiredTerminated>
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            <adminName>Ultimus Fund Solutions, LLC</adminName>
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            <idNumberDesc>SEC File No.</idNumberDesc>
            <adminStateCountry adminState="US-OH" adminCountry="US"/>
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            <isAdminSubAdmin>N</isAdminSubAdmin>
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        <isAdminHiredOrTerminated>N</isAdminHiredOrTerminated>
        <brokers>
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          <broker>
            <brokerName>JP MORGAN CHASE &amp; CO</brokerName>
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          <broker>
            <brokerName>CANTOR FITZGERALD &amp; CO.</brokerName>
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            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
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          <broker>
            <brokerName>JONES TRADING INSTITUTIONAL SERVICES LLC</brokerName>
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            <brokerStateCountry brokerState="US-CA" brokerCountry="US"/>
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          <broker>
            <brokerName>CITIGROUP GLOBAL MARKETS, INC</brokerName>
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          <broker>
            <brokerName>UBS SECURITIES LLC</brokerName>
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            <brokerCrdNo>000007654</brokerCrdNo>
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          <broker>
            <brokerName>MORGAN STANLEY &amp; CO., LLC</brokerName>
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          <broker>
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            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>3431.67</grossCommission>
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        <aggregateCommission>55057.23</aggregateCommission>
        <principalTransactions>
          <principalTransaction>
            <principalName>WELLS FARGO BROKERAGE SERVICES LLC</principalName>
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            <principalStateCountry principalState="US-NC" principalCountry="US"/>
            <principalTotalPurchaseSale>32570000</principalTotalPurchaseSale>
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          <principalTransaction>
            <principalName>WELLS FARGO SECURITIES, LLC</principalName>
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            <principalStateCountry principalState="US-NC" principalCountry="US"/>
            <principalTotalPurchaseSale>12090000</principalTotalPurchaseSale>
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        <principalAggregatePurchase>44660000</principalAggregatePurchase>
        <isBrokerageResearchPayment>N</isBrokerageResearchPayment>
        <mnthlyAvgNetAssets>248950566.19</mnthlyAvgNetAssets>
        <hasLineOfCredit>N</hasLineOfCredit>
        <isInterfundLending>N</isInterfundLending>
        <isInterfundBorrowing>N</isInterfundBorrowing>
        <isSwingPricing>N</isSwingPricing>
        <liquidityClassifications>
          <liquidityClassificationService>
            <liquidityName>ICE DATA PRICING &amp; REFERENCE DATA, LLC</liquidityName>
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            <liquidityStateCountry liquidityCountry="US" liquidityState="US-DE"/>
            <isAffiliatedPerson>N</isAffiliatedPerson>
            <assetClassType>Equity-common</assetClassType>
            <assetClassType>Short-term investment vehicle</assetClassType>
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        <isLiquidityHiredTerminated>N</isLiquidityHiredTerminated>
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      <managementInvestmentQuestion>
        <mgmtInvFundName>NAA Mid Growth Fund</mgmtInvFundName>
        <mgmtInvSeriesId>S000087628</mgmtInvSeriesId>
        <mgmtInvLei>529900AHGTLUBB1VL311</mgmtInvLei>
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        <fundType>N/A</fundType>
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        <isFundSecuritiesLending>N</isFundSecuritiesLending>
        <didFundLendSecurities>N</didFundLendSecurities>
        <paymentToAgentManagerType>N/A</paymentToAgentManagerType>
        <avgPortfolioSecuritiesValue>0</avgPortfolioSecuritiesValue>
        <netIncomeSecuritiesLending>0</netIncomeSecuritiesLending>
        <relyOnRuleTypes>
          <relyOnRuleType>Rule 32a-4 (17 CFR 270.32a-4)</relyOnRuleType>
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        <isExpenseLimitationInPlace>Y</isExpenseLimitationInPlace>
        <isExpenseReducedOrWaived>N</isExpenseReducedOrWaived>
        <isFeesWaivedRecoupable>Y</isFeesWaivedRecoupable>
        <isExpenseWaivedRecoupable>N</isExpenseWaivedRecoupable>
        <investmentAdvisers>
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        <transferAgents>
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            <transferAgentName>Ultimus Fund Solutions, LLC</transferAgentName>
            <transferAgentFileNo>084-05829</transferAgentFileNo>
            <transferAgentLei>N/A</transferAgentLei>
            <transferAgentStateCountry transferAgentState="US-OH" transferAgentCountry="US"/>
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            <isTransferAgentSubAgent>N</isTransferAgentSubAgent>
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        <isTransferAgentHiredOrTerminated>N</isTransferAgentHiredOrTerminated>
        <pricingServices>
          <pricingService>
            <pricingServiceName>ICE Data Services</pricingServiceName>
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            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
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        <isPricingServiceHiredOrTerminated>N</isPricingServiceHiredOrTerminated>
        <custodians>
          <custodian>
            <custodianName>Brown Brothers Harriman &amp; Co.</custodianName>
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            <custodianRssdId>869300</custodianRssdId>
            <custodianStateCountry custodianState="US-NY" custodianCountry="US"/>
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            <shareholderServiceAgentName>Ultimus Fund Solutions, LLC</shareholderServiceAgentName>
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            <shareholderServiceAgentOther>084-05829</shareholderServiceAgentOther>
            <shareholderServiceIdNumberDesc>SEC File No.</shareholderServiceIdNumberDesc>
            <shareholderServiceAgentStateCountry shareholderServiceAgentState="US-OH" shareholderServiceAgentCountry="US"/>
            <isShareholderServiceAgentAffiliated>N</isShareholderServiceAgentAffiliated>
            <isShareholderServiceAgentSubshare>N</isShareholderServiceAgentSubshare>
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        <isShareholderServiceHiredTerminated>N</isShareholderServiceHiredTerminated>
        <admins>
          <admin>
            <adminName>Ultimus Fund Solutions, LLC</adminName>
            <adminLei>N/A</adminLei>
            <adminOther>084-05829</adminOther>
            <idNumberDesc>SEC File No.</idNumberDesc>
            <adminStateCountry adminState="US-OH" adminCountry="US"/>
            <isAdminAffiliated>N</isAdminAffiliated>
            <isAdminSubAdmin>N</isAdminSubAdmin>
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        <brokers>
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          <broker>
            <brokerName>JP MORGAN CHASE &amp; CO</brokerName>
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            <brokerLei>ZBUT11V806EZRVTWT807</brokerLei>
            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>4264.98</grossCommission>
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          <broker>
            <brokerName>CANTOR FITZGERALD &amp; CO.</brokerName>
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          <broker>
            <brokerName>JONES TRADING INSTITUTIONAL SERVICES LLC</brokerName>
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        <netIncomeSecuritiesLending>0</netIncomeSecuritiesLending>
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            <transferAgentName>Ultimus Fund Solutions, LLC</transferAgentName>
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            <pricingServiceName>ICE Data Services</pricingServiceName>
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            <custodianName>Brown Brothers Harriman &amp; Co.</custodianName>
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        <mnthlyAvgNetAssets>35900477.75</mnthlyAvgNetAssets>
        <hasLineOfCredit>N</hasLineOfCredit>
        <isInterfundLending>N</isInterfundLending>
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        <isSwingPricing>N</isSwingPricing>
        <liquidityClassifications>
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            <liquidityName>ICE DATA PRICING &amp; REFERENCE DATA, LLC</liquidityName>
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        <isLiquidityHiredTerminated>N</isLiquidityHiredTerminated>
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        <mgmtInvFundName>NAA Risk Managed Real Estate Fund</mgmtInvFundName>
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        <avgPortfolioSecuritiesValue>0</avgPortfolioSecuritiesValue>
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        <isExpenseReducedOrWaived>Y</isExpenseReducedOrWaived>
        <isFeesWaivedRecoupable>Y</isFeesWaivedRecoupable>
        <isExpenseWaivedRecoupable>N</isExpenseWaivedRecoupable>
        <investmentAdvisers>
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            <transferAgentName>Ultimus Fund Solutions, LLC</transferAgentName>
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          <pricingService>
            <pricingServiceName>ICE Data Services</pricingServiceName>
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      <managementInvestmentQuestion>
        <mgmtInvFundName>NAA SMid Cap Value Fund</mgmtInvFundName>
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        <didFundLendSecurities>N</didFundLendSecurities>
        <paymentToAgentManagerType>N/A</paymentToAgentManagerType>
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        <netIncomeSecuritiesLending>0</netIncomeSecuritiesLending>
        <relyOnRuleTypes>
          <relyOnRuleType>Rule 32a-4 (17 CFR 270.32a-4)</relyOnRuleType>
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        <isExpenseReducedOrWaived>Y</isExpenseReducedOrWaived>
        <isFeesWaivedRecoupable>Y</isFeesWaivedRecoupable>
        <isExpenseWaivedRecoupable>N</isExpenseWaivedRecoupable>
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          <investmentAdviser>
            <investmentAdviserName>New Age Alpha Advisors, LLC</investmentAdviserName>
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            <transferAgentName>Ultimus Fund Solutions, LLC</transferAgentName>
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            <isTransferAgentSubAgent>N</isTransferAgentSubAgent>
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          <pricingService>
            <pricingServiceName>ICE Data Services </pricingServiceName>
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          <custodian>
            <custodianName>Brown Brothers Harriman &amp; Co.</custodianName>
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            <shareholderServiceAgentName>Ultimus Fund Solutions, LLC</shareholderServiceAgentName>
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        <isShareholderServiceHiredTerminated>N</isShareholderServiceHiredTerminated>
        <admins>
          <admin>
            <adminName>Ultimus Fund Solutions, LLC</adminName>
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            <idNumberDesc>SEC File No.</idNumberDesc>
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            <isAdminSubAdmin>N</isAdminSubAdmin>
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          <broker>
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        <mnthlyAvgNetAssets>314262220.79</mnthlyAvgNetAssets>
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        <isSwingPricing>N</isSwingPricing>
        <liquidityClassifications>
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            <assetClassType>Equity-preferred</assetClassType>
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      <managementInvestmentQuestion>
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        <numTerminatedClass>1</numTerminatedClass>
        <sharesOutstandings>
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        <fundType>N/A</fundType>
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        <didFundLendSecurities>N</didFundLendSecurities>
        <paymentToAgentManagerType>N/A</paymentToAgentManagerType>
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        <netIncomeSecuritiesLending>0</netIncomeSecuritiesLending>
        <relyOnRuleTypes>
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        <isExpenseReducedOrWaived>Y</isExpenseReducedOrWaived>
        <isFeesWaivedRecoupable>Y</isFeesWaivedRecoupable>
        <isExpenseWaivedRecoupable>N</isExpenseWaivedRecoupable>
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            <transferAgentName>Ultimus Fund Solutions, LLC</transferAgentName>
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            <pricingServiceName>ICE Data Services</pricingServiceName>
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            <shareholderServiceAgentStateCountry shareholderServiceAgentState="US-OH" shareholderServiceAgentCountry="US"/>
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        <admins>
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            <adminName>Ultimus Fund Solutions, LLC</adminName>
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        <isAdminHiredOrTerminated>N</isAdminHiredOrTerminated>
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            <brokerName>JP MORGAN CHASE &amp; CO</brokerName>
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          <broker>
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          <broker>
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        <aggregateCommission>27265.24</aggregateCommission>
        <principalTransactions>
          <principalTransaction>
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            <principalTotalPurchaseSale>45840.186278</principalTotalPurchaseSale>
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        <principalAggregatePurchase>45840.19</principalAggregatePurchase>
        <isBrokerageResearchPayment>N</isBrokerageResearchPayment>
        <mnthlyAvgNetAssets>46778205.33</mnthlyAvgNetAssets>
        <hasLineOfCredit>N</hasLineOfCredit>
        <isInterfundLending>N</isInterfundLending>
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        <isSwingPricing>N</isSwingPricing>
        <liquidityClassifications>
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            <liquidityName>ICE DATA PRICING &amp; REFERENCE DATA, LLC</liquidityName>
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            <isAffiliatedPerson>N</isAffiliatedPerson>
            <assetClassType>Equity-common</assetClassType>
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          </liquidityClassificationService>
        </liquidityClassifications>
        <isLiquidityHiredTerminated>N</isLiquidityHiredTerminated>
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    </managementInvestmentQuestionSeriesInfo>
    <attachmentsTab>
      <isIPAReportInternalControl>true</isIPAReportInternalControl>
    </attachmentsTab>
    <signature registrantSignedName="New Age Alpha Funds Trust" signedDate="2025-12-12" signature="Keith D. Kemp" title="President and Treasurer "/>
  </formData>
</edgarSubmission>
