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EA Bridgeway Blue Chip ETF (BBLU)
EA Bridgeway Omni Small-Cap Value ETF (BSVO)
bridgewayetfs.com
Semi-Annual Report
December 31, 2023




BRIDGEWAY ETF’S
TABLE OF CONTENTS
Page
Sector Allocations



EA BRIDGEWAY BLUE CHIP ETF
Tabular Presentation of Schedule of Investments
As of December 31, 2023 (Unaudited)
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%

EA BRIDGEWAY OMNI SMALL-CAP VALUE ETF
Tabular Presentation of Schedule of Investments
As of December 31, 2023 (Unaudited)
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%
1.Sector designations may be different than the sector designations presented in other Fund materials. The sector designations may represent the investment adviser’s internal sector classifications.
2.For purposes of the Fund’s compliance with its concentration limits, the Fund uses various sub-classifications and none of the Fund’s holdings in the sub-classifications exceed 25% of the Fund’s total assets.
3.Cash, cash equivalents, short-term investments, and other assets less liabilities.




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

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
The accompanying notes are an integral part of these financial statements.
3

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



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%
The accompanying notes are an integral part of these financial statements.
4

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



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 

Percentages are stated as a percent of net assets.

(a) Non-income producing security.
(b) The rate shown represents the 7-day effective yield as of December 31, 2023.
(c) Represents less than 0.05% of net assets.


The Global Industry Classification Standard (GICS®) was developed by and/or is the exclusive property of MSCI, Inc. and Standard & Poor’s Financial Services LLC (“S&P”). GICS is a service mark of MSCI, Inc. and S&P and has been licensed for use by U.S. Bank Global Fund Services.
The accompanying notes are an integral part of these financial statements.
5

EA BRIDGEWAY OMNI SMALL-CAP VALUE ETF
Schedule of Investments
December 31, 2023 (Unaudited)
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
The accompanying notes are an integral part of these financial statements.
6

EA BRIDGEWAY OMNI SMALL-CAP VALUE ETF
Schedule of Investments (Continued)
December 31, 2023 (Unaudited)
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
The accompanying notes are an integral part of these financial statements.
7

EA BRIDGEWAY OMNI SMALL-CAP VALUE ETF
Schedule of Investments (Continued)
December 31, 2023 (Unaudited)
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
The accompanying notes are an integral part of these financial statements.
8

EA BRIDGEWAY OMNI SMALL-CAP VALUE ETF
Schedule of Investments (Continued)
December 31, 2023 (Unaudited)
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
The accompanying notes are an integral part of these financial statements.
9

EA BRIDGEWAY OMNI SMALL-CAP VALUE ETF
Schedule of Investments (Continued)
December 31, 2023 (Unaudited)
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
The accompanying notes are an integral part of these financial statements.
10

EA BRIDGEWAY OMNI SMALL-CAP VALUE ETF
Schedule of Investments (Continued)
December 31, 2023 (Unaudited)
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
 
The accompanying notes are an integral part of these financial statements.
11

EA BRIDGEWAY OMNI SMALL-CAP VALUE ETF
Schedule of Investments (Continued)
December 31, 2023 (Unaudited)
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
The accompanying notes are an integral part of these financial statements.
12

EA BRIDGEWAY OMNI SMALL-CAP VALUE ETF
Schedule of Investments (Continued)
December 31, 2023 (Unaudited)
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
 
The accompanying notes are an integral part of these financial statements.
13

EA BRIDGEWAY OMNI SMALL-CAP VALUE ETF
Schedule of Investments (Continued)
December 31, 2023 (Unaudited)
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
 
The accompanying notes are an integral part of these financial statements.
14

EA BRIDGEWAY OMNI SMALL-CAP VALUE ETF
Schedule of Investments (Continued)
December 31, 2023 (Unaudited)
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
 
The accompanying notes are an integral part of these financial statements.
15

EA BRIDGEWAY OMNI SMALL-CAP VALUE ETF
Schedule of Investments (Continued)
December 31, 2023 (Unaudited)
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
 
The accompanying notes are an integral part of these financial statements.
16

EA BRIDGEWAY OMNI SMALL-CAP VALUE ETF
Schedule of Investments (Continued)
December 31, 2023 (Unaudited)
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
 
The accompanying notes are an integral part of these financial statements.
17

EA BRIDGEWAY OMNI SMALL-CAP VALUE ETF
Schedule of Investments (Continued)
December 31, 2023 (Unaudited)
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
 
The accompanying notes are an integral part of these financial statements.
18

EA BRIDGEWAY OMNI SMALL-CAP VALUE ETF
Schedule of Investments (Continued)
December 31, 2023 (Unaudited)
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
The accompanying notes are an integral part of these financial statements.
19

EA BRIDGEWAY OMNI SMALL-CAP VALUE ETF
Schedule of Investments (Continued)
December 31, 2023 (Unaudited)
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.