ETF Research Center

DDXX targets a 20-year time horizon across its holdings using a systematic and time-weighted 100% equity allocation.

FUND BASICS
Category	Global Equities
Fund Sponsor	EA Series Trust
Website	disciplinefunds.com/ddxx/
Inception date	Nov 12, 2025
Assets (mns)	$10
Currency	USD
Expense ratio	34 bp
Distributions

FUND STRUCTURE
Regulation	Open-Ended Fund
Custodian
Weighting
Index replication
Uses derivatives	No
Options available	No

SECTOR BREAKDOWN

CONSTITUENT BREAKDOWN
No. of constituents	8
Wgt avg mkt cap (mns)	$287,647
Large cap (>$10bn)	0.0%
Mid cap ($2-10bn)	0.0%
Small cap (<$2bn)	0.0%
Developed mkts	0.0%
Emerging mkts	0.0%

TOP TEN HOLDINGS
Total	100.0 %
STATE STREET SPDR PORTFOLIO DEVELO	30.9 %
ISHARES MSCI USA MIN VOL FACTOR ET	14.2 %
VANGUARD TOTAL STOCK MARKET ETF	13.0 %
VANGUARD FTSE EMERGING MARKETS ETF	8.7 %
ISHARES MSCI INTERNATIONAL VALUE F	8.5 %
VANGUARD FTSE ALL WORLD EX-US SMAL	8.2 %
VANGUARD VALUE ETF	8.1 %
VANGUARD SMALL-CAP ETF	8.0 %
CASH & OTHER	0.2 %

TOP COUNTRY EXPOSURE
	UNITED STATES	40.5 %
	JAPAN	10.6 %
	BRITAIN	5.4 %
	CANADA	4.0 %
	SWITZERLAND	3.2 %
	GERMANY	3.1 %
	FRANCE	3.1 %
	TAIWAN	2.6 %
	CHINA	2.5 %
	SOUTH KOREA	2.2 %

HISTORICAL PERFORMANCE info

	Custom date range	Compare to
	thru

Standardized Annual Returns (thru January 31)
Year-to-date	1 year	5 years	10 years	Since Incep.
7.8%	--	--	--	10.5%

Market Correlations
versus...	Beta	R-squared
S&P500	--	--
MSCI EAFE	--	--
MSCI Emg. Mkts.	--	--

Technical Indicators
Recent close	$26.86
30d moving avg.	$26.20
Annualized volatility	0.0%
Short interest (ETF)	0.0%
Relative strength (RSI)	62

Liquidity measures
Avg. volume (thou.)	11
Turnover	3.0%
Bid/Ask (% of price)	0.20%
ADV underlying (mns)	$0

Distributions

FINDING ALTERNATIVE FUNDS

Below is a list of 6 potential alternatives to the Defined Duration 20 ETF ETF based on the alternatives' overlap in portfolio holdings with DDXX. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker:

DDXX

Expense:

34 bp

ALTAR Score™:

5.5%

ALTERNATIVE ETFs BASED ON OVERLAP WITH DDXX
Ticker	Fund Name	Overlap¹ vs DDXX (%)	Expense ratio (bp)	Savings vs DDXX (bp)	ALTAR Score™ (%)	ALTAR vs DDXX (%)
DWAW	AdvisorShares Dorsey Wright FSM All Cap World ETF	8.5	128	-94	3.3	-2.2
SFGV	Sequoia Global Value ETF	6.0	23	11	7.0	+1.5
USEW	Cambria US EW ETF	3.3	30	4	4.2	-1.4
WSGE	Warren Street Global Equity ETF	2.3	80	-46	2.9	-2.7
GEW	Cambria Global EW ETF	1.3	29	5	5.4	-0.2
APIE	ActivePassive International Equity ETF	0.1	45	-11	6.2	+0.7

¹Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

	2020	2021	2022	2023	2024	2025E	2026E
Sales per share	**	**	**	**	**	**	**
Earnings per share	**	**	**	**	**	**	**
Dividends per share	**	**	**	**	**	**	**
Book value per share	**	**	**	**	**	**	**

Sales per share growth		**%	**%	**%	**%	**%	**%
EPS growth		**%	**%	**%	**%	**%	**%

Sales per share growth		**%	**%	**%	**%	**%	**%
EPS growth		**%	**%	**%	**%	**%	**%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est.	**%		Debt-to-equity	**x
Asset turnover	**%		Assets-to-equity	**x

Return on equity

Revision activity*

*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS

	2024	2025E	2026E
Price-to-sales	**	**	**
Price-to-earnings	**	**	**
Price-to-cash flow	**	**	**
Price-to-growth	**	**	**
Price-to-book value	**	**	**
Yield	**	**	**

Historical valuation trends

Forward multiple:	Defined Duration 20 ETF
Relative to:	S&P500	MSCI EAFE	MSCI Emg. Mkts.	Other ETF:

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™

Calculation of ALTAR Score™
Avg. Return on Equity	12.8	%
Divided by: Fwd. P/BV	2.2	x
Less: Expense ratio	34	bp
Equals: ALTAR Score	5.5	%

More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS

COMPOSITE RATING	1.59	CATEGORY AVERAGE	1.58

The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale: BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3. Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.