EA Series Trust – Astoria US Quality Growth Kings ETF is an actively managed exchange-traded fund that seeks long-term capital appreciation through a concentrated, quantitatively informed portfolio of approximately 100 U.S. quality-growth equities. The fund invests primarily in large- and mid-capitalization U.S. companies exhibiting growth characteristics and quality metrics, including companies across information technology, communication services, consumer discretionary, health care, financials, industrials, energy and consumer staples sectors; portfolio holdings have included NVIDIA Corp., Apple Inc., Microsoft Corp., Alphabet Inc., Amazon.com Inc., Broadcom Inc., Meta Platforms Inc., Tesla Inc., Visa Inc., Eli Lilly and Co. and semiconductor, software, internet, healthcare, financial-services and industrial issuers. GQQQ selects securities based on quality-growth criteria and applies market-capitalization weighting with sector optimization relative to the broader U.S. growth-equity universe, seeking growth participation while managing volatility and improving risk-adjusted-return potential. The ETF is listed on Nasdaq under ticker GQQQ, carries a 0.35% expense ratio and distributes income and capital gains, when applicable, to shareholders. The fund was launched on September 30, 2024, and is a series of EA Series Trust, a Delaware statutory trust headquartered in Newtown Square, Pennsylvania. Empowered Funds LLC serves as investment adviser and Astoria Portfolio Advisors LLC, doing business as Astoria Investment Management, serves as sub-adviser; Astoria also sponsors the Astoria US Equal Weight Quality Kings ETF, Astoria Real Assets ETF and EA Astoria Beacon Dynamic Core US Fixed Income ETF. Recent developments include the continued expansion of Astoria’s active ETF platform and the maintenance of GQQQ as one of its four sponsored ETF strategies, alongside ongoing portfolio rebalancing and quality-growth security selection under the fund’s active management approach.