# EDGAR Filing Document

**Accession Number:** 0000878719
**File Stem:** 0002048251-25-000371
**Filing Date:** 2025-9
**Character Count:** 93604
**Document Hash:** 271daa4de0789ba8b98f6ae85a4f429c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002048251-25-000371.hdr.sgml**: 20250926

**ACCESSION NUMBER**: 0002048251-25-000371

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250926

**DATE AS OF CHANGE**: 20250926

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ADVISORS' INNER CIRCLE FUND
- **CENTRAL INDEX KEY:** 0000878719

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-06400
- **FILM NUMBER:** 251348332

**BUSINESS ADDRESS:**
- **STREET 1:** 1 FREEDOM VALLEY DRIVE
- **CITY:** OAKS
- **STATE:** PA
- **ZIP:** 19087
- **BUSINESS PHONE:** 8009327781

**MAIL ADDRESS:**
- **STREET 1:** 1 FREEDOM VALLEY DRIVE
- **CITY:** OAKS
- **STATE:** PA
- **ZIP:** 19087

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ADVISORS INNER CIRCLE FUND
- **DATE OF NAME CHANGE:** 19920929

## Series and Classes Contracts Data

### LSV Small Cap Value Fund (Series ID: S000039922)

| Class ID   | Class Name                 | Ticker Symbol   |
|:---|:---|:---|
| C000123807 | Institutional Class Shares | LSVQX           |
| C000142891 | Investor Class Shares      | LVAQX           |

## Nport-Ex

**Schedule of Investments**

July 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **LSV Small Cap Value Fund** | | |
|  | Shares | Value (000) |
| **Common Stock (98.8%)<sup>††</sup>** |  |  |
| **Communication Services (2.3%)** |  |  |
| &nbsp;&nbsp;&nbsp;Nexstar Media Group, Cl A | 22300 | $4173 |
| &nbsp;&nbsp;&nbsp;Playtika Holding | 212358 | 946 |
| &nbsp;&nbsp;&nbsp;Shutterstock | 28200 | 540 |
| &nbsp;&nbsp;&nbsp;TEGNA | 125800 | 2101 |
| &nbsp;&nbsp;&nbsp;Yelp, Cl A\* | 73600 | 2535 |
| &nbsp;&nbsp;&nbsp;Ziff Davis\* | 34300 | 1067 |
| &nbsp;&nbsp;&nbsp;ZoomInfo Technologies, Cl A\* | 161800 | 1752 |
|  |  | 13114 |
| **Consumer Discretionary (13.7%)** |  |  |
| &nbsp;&nbsp;&nbsp;Academy Sports & Outdoors | 74400 | 3779 |
| &nbsp;&nbsp;&nbsp;ADT | 553400 | 4621 |
| &nbsp;&nbsp;&nbsp;Adtalem Global Education\* | 27200 | 3108 |
| &nbsp;&nbsp;&nbsp;AutoNation\* | 12000 | 2312 |
| &nbsp;&nbsp;&nbsp;Bloomin' Brands | 115000 | 1048 |
| &nbsp;&nbsp;&nbsp;BorgWarner | 72400 | 2664 |
| &nbsp;&nbsp;&nbsp;Boyd Gaming | 39000 | 3311 |
| &nbsp;&nbsp;&nbsp;Carriage Services, Cl A | 66950 | 3007 |
| &nbsp;&nbsp;&nbsp;Carter's | 27200 | 659 |
| &nbsp;&nbsp;&nbsp;Crocs\* | 24800 | 2473 |
| &nbsp;&nbsp;&nbsp;Dine Brands Global | 24400 | 552 |
| &nbsp;&nbsp;&nbsp;El Pollo Loco Holdings\* | 112000 | 1153 |
| &nbsp;&nbsp;&nbsp;Ethan Allen Interiors | 68900 | 2051 |
| &nbsp;&nbsp;&nbsp;G-III Apparel Group\* | 83800 | 1978 |
| &nbsp;&nbsp;&nbsp;Goodyear Tire & Rubber\* | 137500 | 1414 |
| &nbsp;&nbsp;&nbsp;Group 1 Automotive | 6100 | 2514 |
| &nbsp;&nbsp;&nbsp;Guess? | 83500 | 1085 |
| &nbsp;&nbsp;&nbsp;H&R Block | 42900 | 2331 |
| &nbsp;&nbsp;&nbsp;Harley-Davidson | 82300 | 2002 |
| &nbsp;&nbsp;&nbsp;Haverty Furniture | 33600 | 693 |
| &nbsp;&nbsp;&nbsp;JAKKS Pacific | 20080 | 356 |
| &nbsp;&nbsp;&nbsp;KB Home | 65800 | 3637 |
| &nbsp;&nbsp;&nbsp;Marriott Vacations Worldwide | 8150 | 607 |
| &nbsp;&nbsp;&nbsp;Mattel\* | 212900 | 3621 |
| &nbsp;&nbsp;&nbsp;Meritage Homes | 31800 | 2141 |
| &nbsp;&nbsp;&nbsp;ODP\* | 59249 | 1057 |
| &nbsp;&nbsp;&nbsp;Penske Automotive Group | 5600 | 937 |
| &nbsp;&nbsp;&nbsp;Perdoceo Education | 93600 | 2694 |
| &nbsp;&nbsp;&nbsp;Phinia | 60200 | 3052 |
| &nbsp;&nbsp;&nbsp;PVH | 33300 | 2445 |
| &nbsp;&nbsp;&nbsp;Sally Beauty Holdings\* | 114500 | 1115 |
| &nbsp;&nbsp;&nbsp;Shoe Carnival | 45300 | 927 |
| &nbsp;&nbsp;&nbsp;Signet Jewelers | 21500 | 1701 |
| &nbsp;&nbsp;&nbsp;Toll Brothers | 17100 | 2024 |
| &nbsp;&nbsp;&nbsp;Travel + Leisure | 64300 | 3810 |
| &nbsp;&nbsp;&nbsp;Tri Pointe Homes\* | 108100 | 3329 |
| &nbsp;&nbsp;&nbsp;Visteon\* | 15800 | 1756 |
| &nbsp;&nbsp;&nbsp;Winnebago Industries | 22000 | 654 |
|  |  | 78618 |

---

---

| | | |
|:---|:---|:---|
| **LSV Small Cap Value Fund** | | |
|  | Shares | Value (000) |
| **Consumer Staples (5.3%)** |  |  |
| &nbsp;&nbsp;&nbsp;Central Garden & Pet, Cl A\* | 68100 | $2419 |
| &nbsp;&nbsp;&nbsp;Edgewell Personal Care | 71100 | 1794 |
| &nbsp;&nbsp;&nbsp;Energizer Holdings | 143500 | 3231 |
| &nbsp;&nbsp;&nbsp;Fresh Del Monte Produce | 119400 | 4488 |
| &nbsp;&nbsp;&nbsp;Herbalife\* | 185900 | 1710 |
| &nbsp;&nbsp;&nbsp;Ingles Markets, Cl A | 16264 | 1023 |
| &nbsp;&nbsp;&nbsp;Ingredion | 35800 | 4709 |
| &nbsp;&nbsp;&nbsp;PriceSmart | 21400 | 2301 |
| &nbsp;&nbsp;&nbsp;SpartanNash | 116300 | 3087 |
| &nbsp;&nbsp;&nbsp;Spectrum Brands Holdings | 29600 | 1584 |
| &nbsp;&nbsp;&nbsp;WK Kellogg | 179800 | 4144 |
|  |  | 30490 |
| **Energy (6.9%)** |  |  |
| &nbsp;&nbsp;&nbsp;Berry | 224200 | 677 |
| &nbsp;&nbsp;&nbsp;Civitas Resources | 69900 | 2122 |
| &nbsp;&nbsp;&nbsp;CNX Resources\* | 89100 | 2701 |
| &nbsp;&nbsp;&nbsp;CONSOL Energy | 17500 | 1292 |
| &nbsp;&nbsp;&nbsp;DHT Holdings | 157204 | 1743 |
| &nbsp;&nbsp;&nbsp;Gulfport Energy\* | 14200 | 2473 |
| &nbsp;&nbsp;&nbsp;Helmerich & Payne | 106600 | 1728 |
| &nbsp;&nbsp;&nbsp;HF Sinclair | 81700 | 3590 |
| &nbsp;&nbsp;&nbsp;Liberty Energy, Cl A | 150300 | 1855 |
| &nbsp;&nbsp;&nbsp;Matador Resources | 103900 | 5183 |
| &nbsp;&nbsp;&nbsp;Murphy Oil | 123400 | 3062 |
| &nbsp;&nbsp;&nbsp;NOV | 253300 | 3186 |
| &nbsp;&nbsp;&nbsp;Patterson-UTI Energy | 97300 | 575 |
| &nbsp;&nbsp;&nbsp;Peabody Energy | 138200 | 2232 |
| &nbsp;&nbsp;&nbsp;Scorpio Tankers | 46100 | 2085 |
| &nbsp;&nbsp;&nbsp;SM Energy | 60500 | 1669 |
| &nbsp;&nbsp;&nbsp;World Kinect | 140300 | 3826 |
|  |  | 39999 |
| **Financials (31.1%)** |  |  |
| &nbsp;&nbsp;&nbsp;Affiliated Managers Group | 15600 | 3274 |
| &nbsp;&nbsp;&nbsp;Amalgamated Financial | 59313 | 1719 |
| &nbsp;&nbsp;&nbsp;Apollo Commercial Real Estate Finance‡ | 85482 | 822 |
| &nbsp;&nbsp;&nbsp;Associated Banc-Corp | 222100 | 5494 |
| &nbsp;&nbsp;&nbsp;Axis Capital Holdings | 39400 | 3697 |
| &nbsp;&nbsp;&nbsp;Banco Latinoamericano de Comercio Exterior, Cl E | 99600 | 3980 |
| &nbsp;&nbsp;&nbsp;Bank of NT Butterfield & Son | 108800 | 4950 |
| &nbsp;&nbsp;&nbsp;Bank OZK | 98600 | 4862 |
| &nbsp;&nbsp;&nbsp;BankUnited | 60800 | 2217 |
| &nbsp;&nbsp;&nbsp;Berkshire Hills Bancorp | 53600 | 1321 |
| &nbsp;&nbsp;&nbsp;Blue Owl Capital | 156700 | 2238 |
| &nbsp;&nbsp;&nbsp;Camden National | 48500 | 1829 |
| &nbsp;&nbsp;&nbsp;Capitol Federal Financial | 376300 | 2265 |
| &nbsp;&nbsp;&nbsp;Carlyle Secured Lending | 95900 | 1322 |
| &nbsp;&nbsp;&nbsp;Cathay General Bancorp | 43603 | 1972 |
| &nbsp;&nbsp;&nbsp;Central Pacific Financial | 95300 | 2541 |
| &nbsp;&nbsp;&nbsp;Chimera Investment‡ | 261100 | 3491 |

---

**Schedule of Investments**

July 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **LSV Small Cap Value Fund** | | |
|  | Shares | Value (000) |
| **Financials (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;CNO Financial Group | 186300 | $6864 |
| &nbsp;&nbsp;&nbsp;Columbia Banking System | 169900 | 4044 |
| &nbsp;&nbsp;&nbsp;Community Trust Bancorp | 17000 | 918 |
| &nbsp;&nbsp;&nbsp;Employers Holdings | 72800 | 3005 |
| &nbsp;&nbsp;&nbsp;Enact Holdings | 45000 | 1564 |
| &nbsp;&nbsp;&nbsp;Federated Hermes, Cl B | 75800 | 3758 |
| &nbsp;&nbsp;&nbsp;Fidelis Insurance Holdings | 116280 | 1757 |
| &nbsp;&nbsp;&nbsp;Financial Institutions | 34400 | 877 |
| &nbsp;&nbsp;&nbsp;First BanCorp | 167700 | 3493 |
| &nbsp;&nbsp;&nbsp;First Busey | 103900 | 2319 |
| &nbsp;&nbsp;&nbsp;First Commonwealth Financial | 75200 | 1242 |
| &nbsp;&nbsp;&nbsp;First Financial | 43900 | 2351 |
| &nbsp;&nbsp;&nbsp;First Financial Bancorp | 61925 | 1501 |
| &nbsp;&nbsp;&nbsp;First Horizon | 183400 | 4000 |
| &nbsp;&nbsp;&nbsp;FNB | 111400 | 1707 |
| &nbsp;&nbsp;&nbsp;FS KKR Capital | 76915 | 1608 |
| &nbsp;&nbsp;&nbsp;Fulton Financial | 139800 | 2509 |
| &nbsp;&nbsp;&nbsp;Genworth Financial, Cl A\* | 231200 | 1817 |
| &nbsp;&nbsp;&nbsp;Golub Capital BDC | 187200 | 2801 |
| &nbsp;&nbsp;&nbsp;Great Southern Bancorp | 27200 | 1549 |
| &nbsp;&nbsp;&nbsp;Hancock Whitney | 74700 | 4461 |
| &nbsp;&nbsp;&nbsp;Hanmi Financial | 140400 | 3203 |
| &nbsp;&nbsp;&nbsp;Hope Bancorp | 181300 | 1811 |
| &nbsp;&nbsp;&nbsp;Horizon Bancorp | 136500 | 2114 |
| &nbsp;&nbsp;&nbsp;International Money Express\* | 134500 | 1209 |
| &nbsp;&nbsp;&nbsp;Jackson Financial, Cl A | 47000 | 4115 |
| &nbsp;&nbsp;&nbsp;Lincoln National | 59800 | 2279 |
| &nbsp;&nbsp;&nbsp;Mercantile Bank | 48657 | 2223 |
| &nbsp;&nbsp;&nbsp;MFA Financial‡ | 149300 | 1357 |
| &nbsp;&nbsp;&nbsp;MGIC Investment | 231200 | 5988 |
| &nbsp;&nbsp;&nbsp;Mr Cooper Group\* | 26400 | 4111 |
| &nbsp;&nbsp;&nbsp;Navient | 78800 | 1020 |
| &nbsp;&nbsp;&nbsp;New Mountain Finance | 253300 | 2665 |
| &nbsp;&nbsp;&nbsp;OceanFirst Financial | 161600 | 2712 |
| &nbsp;&nbsp;&nbsp;OFG Bancorp | 90500 | 3857 |
| &nbsp;&nbsp;&nbsp;Old Second Bancorp | 148026 | 2512 |
| &nbsp;&nbsp;&nbsp;PennantPark Investment | 195900 | 1416 |
| &nbsp;&nbsp;&nbsp;Peoples Bancorp | 53582 | 1535 |
| &nbsp;&nbsp;&nbsp;Popular | 42000 | 4812 |
| &nbsp;&nbsp;&nbsp;Radian Group | 113000 | 3685 |
| &nbsp;&nbsp;&nbsp;Redwood Trust‡ | 218620 | 1194 |
| &nbsp;&nbsp;&nbsp;Regional Management | 48400 | 1609 |
| &nbsp;&nbsp;&nbsp;Rithm Capital‡ | 216400 | 2603 |
| &nbsp;&nbsp;&nbsp;Sixth Street Specialty Lending | 90000 | 2185 |
| &nbsp;&nbsp;&nbsp;Synovus Financial | 60900 | 2877 |
| &nbsp;&nbsp;&nbsp;Universal Insurance Holdings | 47900 | 1132 |
| &nbsp;&nbsp;&nbsp;Valley National Bancorp | 171700 | 1592 |
| &nbsp;&nbsp;&nbsp;Veritex Holdings | 85131 | 2700 |
| &nbsp;&nbsp;&nbsp;WaFd | 57900 | 1685 |

---

---

| | | |
|:---|:---|:---|
| **LSV Small Cap Value Fund**<br>| | |
|  | Shares | Value (000) |
| **Financials (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;Zions Bancorp | 75100 | $4027 |
|  |  | 176367 |
| **Health Care (6.2%)** |  |  |
| &nbsp;&nbsp;&nbsp;Catalyst Pharmaceuticals\* | 87900 | 1875 |
| &nbsp;&nbsp;&nbsp;Collegium Pharmaceutical\* | 48200 | 1439 |
| &nbsp;&nbsp;&nbsp;Exelixis\* | 156300 | 5661 |
| &nbsp;&nbsp;&nbsp;Halozyme Therapeutics\* | 70000 | 4198 |
| &nbsp;&nbsp;&nbsp;Harmony Biosciences Holdings\* | 113700 | 4000 |
| &nbsp;&nbsp;&nbsp;Inmode\* | 71700 | 979 |
| &nbsp;&nbsp;&nbsp;Integra LifeSciences Holdings\* | 89600 | 1177 |
| &nbsp;&nbsp;&nbsp;Jazz Pharmaceuticals\* | 47600 | 5457 |
| &nbsp;&nbsp;&nbsp;LivaNova\* | 65600 | 2768 |
| &nbsp;&nbsp;&nbsp;Organon | 262400 | 2545 |
| &nbsp;&nbsp;&nbsp;Premier, Cl A | 110600 | 2376 |
| &nbsp;&nbsp;&nbsp;United Therapeutics\* | 9600 | 2637 |
|  |  | 35112 |
| **Industrials (13.2%)** |  |  |
| &nbsp;&nbsp;&nbsp;ABM Industries | 69595 | 3210 |
| &nbsp;&nbsp;&nbsp;ACCO Brands | 298000 | 1118 |
| &nbsp;&nbsp;&nbsp;AGCO | 21200 | 2501 |
| &nbsp;&nbsp;&nbsp;American Woodmark\* | 30100 | 1584 |
| &nbsp;&nbsp;&nbsp;Apogee Enterprises | 35900 | 1507 |
| &nbsp;&nbsp;&nbsp;ArcBest | 12300 | 899 |
| &nbsp;&nbsp;&nbsp;Atkore | 44600 | 3435 |
| &nbsp;&nbsp;&nbsp;Brink's | 31400 | 2742 |
| &nbsp;&nbsp;&nbsp;Covenant Logistics Group, Cl A | 20200 | 488 |
| &nbsp;&nbsp;&nbsp;CSG Systems International | 46900 | 2930 |
| &nbsp;&nbsp;&nbsp;Deluxe | 146194 | 2354 |
| &nbsp;&nbsp;&nbsp;DNOW\* | 111000 | 1727 |
| &nbsp;&nbsp;&nbsp;Ennis | 60900 | 1084 |
| &nbsp;&nbsp;&nbsp;Gates Industrial\* | 163700 | 4060 |
| &nbsp;&nbsp;&nbsp;Greenbrier | 48000 | 2184 |
| &nbsp;&nbsp;&nbsp;Griffon | 40800 | 3316 |
| &nbsp;&nbsp;&nbsp;Kelly Services, Cl A | 126500 | 1550 |
| &nbsp;&nbsp;&nbsp;Mueller Industries | 32000 | 2732 |
| &nbsp;&nbsp;&nbsp;Oshkosh | 41800 | 5288 |
| &nbsp;&nbsp;&nbsp;Park-Ohio Holdings | 16500 | 271 |
| &nbsp;&nbsp;&nbsp;Primoris Services | 39000 | 3673 |
| &nbsp;&nbsp;&nbsp;Quad | 265501 | 1415 |
| &nbsp;&nbsp;&nbsp;Rush Enterprises, Cl A | 37000 | 2003 |
| &nbsp;&nbsp;&nbsp;Ryder System | 38700 | 6877 |
| &nbsp;&nbsp;&nbsp;Safe Bulkers | 373972 | 1470 |
| &nbsp;&nbsp;&nbsp;Science Applications International | 25100 | 2798 |
| &nbsp;&nbsp;&nbsp;SkyWest\* | 26600 | 3085 |
| &nbsp;&nbsp;&nbsp;Sun Country Airlines Holdings\* | 180600 | 2093 |
| &nbsp;&nbsp;&nbsp;Timken | 19300 | 1469 |
| &nbsp;&nbsp;&nbsp;Upwork\* | 111200 | 1330 |
| &nbsp;&nbsp;&nbsp;Wabash National | 104800 | 1044 |

---

**Schedule of Investments**

July 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| **LSV Small Cap Value Fund** | | |
|  | Shares | Value (000) |
| **Industrials (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;WESCO International | 8300 | $1718 |
|  |  | 73955 |
| **Information Technology (7.2%)** |  |  |
| &nbsp;&nbsp;&nbsp;Adeia | 118800 | 1538 |
| &nbsp;&nbsp;&nbsp;Amkor Technology | 152100 | 3431 |
| &nbsp;&nbsp;&nbsp;Avnet | 68200 | 3611 |
| &nbsp;&nbsp;&nbsp;Belden | 14710 | 1819 |
| &nbsp;&nbsp;&nbsp;Cirrus Logic\* | 42600 | 4290 |
| &nbsp;&nbsp;&nbsp;DXC Technology\* | 120600 | 1641 |
| &nbsp;&nbsp;&nbsp;NetScout Systems\* | 81800 | 1752 |
| &nbsp;&nbsp;&nbsp;Photronics\* | 134400 | 2736 |
| &nbsp;&nbsp;&nbsp;Qorvo\* | 39950 | 3340 |
| &nbsp;&nbsp;&nbsp;Sanmina\* | 57600 | 6685 |
| &nbsp;&nbsp;&nbsp;ScanSource\* | 58000 | 2253 |
| &nbsp;&nbsp;&nbsp;TD SYNNEX | 20600 | 2974 |
| &nbsp;&nbsp;&nbsp;Teradata\* | 108900 | 2280 |
| &nbsp;&nbsp;&nbsp;Vontier | 68000 | 2820 |
|  |  | 41170 |
| **Materials (3.4%)** |  |  |
| &nbsp;&nbsp;&nbsp;AdvanSix | 79200 | 1594 |
| &nbsp;&nbsp;&nbsp;Commercial Metals | 38300 | 1986 |
| &nbsp;&nbsp;&nbsp;Constellium, Cl A\* | 149300 | 2047 |
| &nbsp;&nbsp;&nbsp;Greif, Cl A | 16300 | 1034 |
| &nbsp;&nbsp;&nbsp;Koppers Holdings | 90881 | 2986 |
| &nbsp;&nbsp;&nbsp;NewMarket | 5305 | 3645 |
| &nbsp;&nbsp;&nbsp;O-I Glass, Cl I\* | 88300 | 1149 |
| &nbsp;&nbsp;&nbsp;SunCoke Energy | 385500 | 2849 |
| &nbsp;&nbsp;&nbsp;Sylvamo | 54100 | 2492 |
|  |  | 19782 |
| **Real Estate (6.6%)** |  |  |
| &nbsp;&nbsp;&nbsp;American Assets Trust‡ | 128400 | 2443 |
| &nbsp;&nbsp;&nbsp;Apple Hospitality REIT‡ | 156600 | 1839 |
| &nbsp;&nbsp;&nbsp;Brandywine Realty Trust‡ | 193600 | 774 |
| &nbsp;&nbsp;&nbsp;Broadstone Net Lease, Cl A‡ | 211200 | 3430 |
| &nbsp;&nbsp;&nbsp;City Office REIT‡ | 201000 | 1395 |
| &nbsp;&nbsp;&nbsp;Cousins Properties | 100900 | 2734 |
| &nbsp;&nbsp;&nbsp;CTO Realty Growth‡ | 94350 | 1558 |
| &nbsp;&nbsp;&nbsp;EPR Properties‡ | 67100 | 3693 |
| &nbsp;&nbsp;&nbsp;Gladstone Commercial‡ | 45800 | 602 |
| &nbsp;&nbsp;&nbsp;Global Medical REIT‡ | 186100 | 1243 |
| &nbsp;&nbsp;&nbsp;Highwoods Properties‡ | 113900 | 3304 |
| &nbsp;&nbsp;&nbsp;Industrial Logistics Properties Trust‡ | 85200 | 453 |
| &nbsp;&nbsp;&nbsp;Kilroy Realty‡ | 58700 | 2164 |
| &nbsp;&nbsp;&nbsp;Kite Realty Group Trust‡ | 90600 | 1991 |
| &nbsp;&nbsp;&nbsp;Outfront Media | 156802 | 2749 |
| &nbsp;&nbsp;&nbsp;Park Hotels & Resorts‡ | 123600 | 1318 |
| &nbsp;&nbsp;&nbsp;Sabra Health Care REIT‡ | 161700 | 2916 |
| &nbsp;&nbsp;&nbsp;Service Properties Trust‡ | 150500 | 396 |
| &nbsp;&nbsp;&nbsp;Uniti Group‡ | 274400 | 1460 |

---

---

| | | |
|:---|:---|:---|
| **LSV Small Cap Value Fund** | | |
|  | Shares | Value (000) |
| **Real Estate (continued)** |  |  |
| &nbsp;&nbsp;&nbsp;Xenia Hotels & Resorts | 144300 | $1834 |
|  |  | 38296 |
| **Utilities (2.9%)** |  |  |
| &nbsp;&nbsp;&nbsp;National Fuel Gas | 57500 | 4990 |
| &nbsp;&nbsp;&nbsp;Northwest Natural Holding | 42700 | 1705 |
| &nbsp;&nbsp;&nbsp;Portland General Electric | 73500 | 3022 |
| &nbsp;&nbsp;&nbsp;UGI | 192200 | 6954 |
|  |  | 16671 |
| **TOTAL COMMON STOCK** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $521,228) |  | 563574 |
|  | Face<br> Amount<br> (000) |  |
| **Repurchase Agreement (1.2%)** |  |  |
| &nbsp;&nbsp;&nbsp;South Street Securities 4.000%, dated 07/31/2025, to be repurchased on 08/01/2025, repurchase price $6,714 (collateralized by various U.S. Treasury obligations, ranging in par value $0 - $1,859, 0.625% - 4.625%, 07/31/2026 – 01/31/2032; total market value $6,847) | $6713 | 6713 |
| **TOTAL REPURCHASE AGREEMENT** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $6,713) |  | 6713 |
| **Total Investments – 100.0%** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $527,941) |  | $570287 |

---

*Percentages are based on Net Assets of $570,286 (000).*

†† *Narrow industries are utilized for compliance purposes, whereas broad sectors are utilized for reporting.* 

*\** *Non-income producing security.*

&nbsp;&nbsp;&nbsp;&nbsp;*‡* *Real Estate Investment Trust.* 

*Cl — Class*

*REIT — Real Estate Investment Trust*

*LSV-QH-004-2500*

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** ADVISORS' INNER CIRCLE FUND

- **b. Investment Company Act file number:** 811-06400

- **c. CIK number of Registrant:** 0000878719

- **d. LEI of Registrant:** 549300LRWL70Z8CGWD77

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** ONE FREEDOM VALLEY DRIVE

  - **City:** OAKS

  - **State:** PA

  - **Foreign country:** US

  - **Zip / Postal Code:** 19456

  - **Telephone number:** 8774463863

**Item A.2. Information about the Series.**

- **a. Name of Series:** LSV Small Cap Value Fund

- **b. EDGAR series identifier (if any):** S000039922

- **c. LEI of Series:** 549300J3OTLKYYUXXK66

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-10-31

- **b. Date as of which information is reported:** 2025-07-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $570774321.12

**Total Liabilities:** $488312.45

**Net Assets:** $570286008.67

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000123807 | 1.38%                | 3.13%                | 4.65%                |
| Class ID C000142891 | 1.33%                | 3.19%                | 4.59%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-4060.76                | $7237796.00                                |
| Month 2  | $870159.47               | $14547201.69                               |
| Month 3  | $-1725012.26             | $22902523.48                               |

### Schedule of Portfolio Investments

| Name                                             | Title                                     | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| PERDOCEO EDUCATION CORPORATION                   | PERDOCEO EDUCATION CORP COMMON STOCK      | CUSIP: 71363P106<br>LEI: 529900X5PCA184O9LY90 | Long             | EC               |  | US        |     93600 | NS      | $2693808.00   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| MERITAGE HOMES CORPORATION                       | MERITAGE HOMES CORP COMMON STOCK          | CUSIP: 59001A102<br>LEI: 52990044W9UMFJO2FB97 | Long             | EC               |  | US        |     31800 | NS      | $2141412.00   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| AXIS CAPITAL HOLDINGS LIMITED                    | AXIS CAPITAL HOLDINGS LTD COMMON STOCK    | CUSIP: G0692U109<br>LEI: 635400VD2NQBYAHMEM55 | Long             | EC               |  | US        |     39400 | NS      | $3697296.00   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| APOLLO COMMERCIAL REAL ESTATE FINANCE, INC.      | APOLLO COMMERCIAL REAL ESTAT REIT         | CUSIP: 03762U105<br>LEI: 549300E0AN7M2AQHSY29 | Long             | EC               |  | US        |     85482 | NS      | $822336.84    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| THE ODP CORPORATION                              | ODP CORP/THE COMMON STOCK                 | CUSIP: 88337F105<br>LEI: N/A                  | Long             | EC               |  | US        |     59249 | NS      | $1057002.16   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| PARK-OHIO HOLDINGS CORP.                         | PARK-OHIO HOLDINGS CORP COMMON STOCK      | CUSIP: 700666100<br>LEI: N/A                  | Long             | EC               |  | US        |     16500 | NS      | $270600.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| ZIFF DAVIS, INC.                                 | ZIFF DAVIS INC COMMON STOCK               | CUSIP: 48123V102<br>LEI: 5493008OJYGLHD7MXA18 | Long             | EC               |  | US        |     34300 | NS      | $1067416.00   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| F.N.B. CORPORATION                               | FNB CORP COMMON STOCK                     | CUSIP: 302520101<br>LEI: PCYSKIGYNYFDTBLVZU83 | Long             | EC               |  | US        |    111400 | NS      | $1706648.00   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| QUAD/GRAPHICS, INC.                              | QUAD GRAPHICS INC COMMON STOCK            | CUSIP: 747301109<br>LEI: W2D68G5NJH4X0NW8PT65 | Long             | EC               |  | US        |    265501 | NS      | $1415120.33   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| GOLUB CAPITAL BDC, INC.                          | GOLUB CAPITAL BDC INC COMMON STOCK        | CUSIP: 38173M102<br>LEI: 2549005WE0QLGK9APF78 | Long             | EC               |  | US        |    187200 | NS      | $2800512.00   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| SM ENERGY COMPANY                                | SM ENERGY CO COMMON STOCK                 | CUSIP: 78454L100<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | EC               |  | US        |     60500 | NS      | $1669195.00   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| JACKSON FINANCIAL INC.                           | JACKSON FINANCIAL INC-A COMMON STOCK      | CUSIP: 46817M107<br>LEI: 213800WXW2KG1N4CO374 | Long             | EC               |  | US        |     47000 | NS      | $4115320.00   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| FIDELIS INSURANCE HOLDINGS LIMITED               | FIDELIS INSURANCE HOLDINGS L COMMON STOCK | CUSIP: G3398L118<br>LEI: 549300CDMGCAGJQ7DX03 | Long             | EC               |  | US        |    116280 | NS      | $1756990.80   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| VALLEY NATIONAL BANCORP                          | VALLEY NATIONAL BANCORP COMMON STOCK      | CUSIP: 919794107<br>LEI: 549300ET52S1UBIB9762 | Long             | EC               |  | US        |    171700 | NS      | $1591659.00   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| ARCBEST CORPORATION                              | ARCBEST CORP COMMON STOCK                 | CUSIP: 03937C105<br>LEI: 5493006S3KBNE8ZS3J23 | Long             | EC               |  | US        |     12300 | NS      | $899499.00    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| BROADSTONE NET LEASE, INC.                       | BROADSTONE NET LEASE INC REIT             | CUSIP: 11135E203<br>LEI: 549300U8D7PT70B49V21 | Long             | EC               |  | US        |    211200 | NS      | $3429888.00   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| INDUSTRIAL LOGISTICS PROPERTIES TRUST            | INDUSTRIAL LOGISTICS PROPERT REIT         | CUSIP: 456237106<br>LEI: 5493004XH9PJW009HR47 | Long             | EC               |  | US        |     85200 | NS      | $453264.00    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| HOPE BANCORP, INC.                               | HOPE BANCORP INC COMMON STOCK             | CUSIP: 43940T109<br>LEI: 549300UTF4QGMBHIZ219 | Long             | EC               |  | US        |    181300 | NS      | $1811187.00   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| WaFd, Inc                                        | WAFD INC COMMON STOCK                     | CUSIP: 938824109<br>LEI: N/A                  | Long             | EC               |  | US        |     57900 | NS      | $1685179.50   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST FINANCIAL CORPORATION                      | FIRST FINANCIAL CORP COMMON STOCK         | CUSIP: 320218100<br>LEI: N/A                  | Long             | EC               |  | US        |     43900 | NS      | $2350845.00   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| TRI POINTE HOMES, INC.                           | TRI POINTE HOMES INC COMMON STOCK         | CUSIP: 87265H109<br>LEI: N/A                  | Long             | EC               |  | US        |    108100 | NS      | $3329480.00   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| CARLYLE SECURED LENDING, INC.                    | CARLYLE SECURED LENDING INC COMMON STOCK  | CUSIP: 872280102<br>LEI: 5493003POT0JT6WD1D83 | Long             | EC               |  | US        |     95900 | NS      | $1322461.00   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| BRANDYWINE REALTY TRUST                          | BRANDYWINE REALTY TRUST REIT              | CUSIP: 105368203<br>LEI: 5UZ46ZCYUFYYAC0DS831 | Long             | EC               |  | US        |    193600 | NS      | $774400.00    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| QORVO, INC.                                      | QORVO INC COMMON STOCK                    | CUSIP: 74736K101<br>LEI: 254900YAUJV2EUEVBR11 | Long             | EC               |  | US        |     39950 | NS      | $3339820.00   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| MGIC INVESTMENT CORPORATION                      | MGIC INVESTMENT CORP COMMON STOCK         | CUSIP: 552848103<br>LEI: 254900S8483WM4M98R28 | Long             | EC               |  | US        |    231200 | NS      | $5988080.00   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST COMMONWEALTH FINANCIAL CORPORATION         | FIRST COMMONWEALTH FINL CORP COMMON STOCK | CUSIP: 319829107<br>LEI: 549300ZHLQ42NXDETL24 | Long             | EC               |  | US        |     75200 | NS      | $1241552.00   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| SANMINA CORPORATION                              | SANMINA CORP COMMON STOCK                 | CUSIP: 801056102<br>LEI: X5K24XLM8QYRXF00EB42 | Long             | EC               |  | US        |     57600 | NS      | $6683904.00   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| SERVICE PROPERTIES TRUST                         | SERVICE PROPERTIES TRUST REIT             | CUSIP: 81761L102<br>LEI: 529900IS770AG1K9QG27 | Long             | EC               |  | US        |    150500 | NS      | $395815.00    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| REDWOOD TRUST, INC.                              | REDWOOD TRUST INC REIT                    | CUSIP: 758075402<br>LEI: DRBV4N1ERQLEMIF11G78 | Long             | EC               |  | US        |    218620 | NS      | $1193665.20   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| VERITEX HOLDINGS, INC.                           | VERITEX HOLDINGS INC COMMON STOCK         | CUSIP: 923451108<br>LEI: 549300F3SMOML02SC814 | Long             | EC               |  | US        |     85131 | NS      | $2700355.32   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| FULTON FINANCIAL CORPORATION                     | FULTON FINANCIAL CORP COMMON STOCK        | CUSIP: 360271100<br>LEI: 5493005QLZ6O1BNC0C11 | Long             | EC               |  | US        |    139800 | NS      | $2509410.00   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| CROCS, INC.                                      | CROCS INC COMMON STOCK                    | CUSIP: 227046109<br>LEI: 549300B0J6YCXD63OG72 | Long             | EC               |  | US        |     24800 | NS      | $2473304.00   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| RUSH ENTERPRISES, INC.                           | RUSH ENTERPRISES INC-CL A COMMON STOCK    | CUSIP: 781846209<br>LEI: 529900V3XHTN7A6DFT17 | Long             | EC               |  | US        |     37000 | NS      | $2003180.00   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| SAFE BULKERS, INC.                               | SAFE BULKERS INC COMMON STOCK             | CUSIP: Y7388L103<br>LEI: 549300V6ZM2HJJYQQO85 | Long             | EC               |  | US        |    373972 | NS      | $1469709.96   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| MURPHY OIL CORPORATION                           | MURPHY OIL CORP COMMON STOCK              | CUSIP: 626717102<br>LEI: QBKYQD0ODE7DC7PDIN91 | Long             | EC               |  | US        |    123400 | NS      | $3061554.00   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST HORIZON CORPORATION                        | FIRST HORIZON CORP COMMON STOCK           | CUSIP: 320517105<br>LEI: TF3RXI1ZB1TQ30H9JV10 | Long             | EC               |  | US        |    183400 | NS      | $3999954.00   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| FINANCIAL INSTITUTIONS, INC.                     | FINANCIAL INSTITUTIONS INC COMMON STOCK   | CUSIP: 317585404<br>LEI: N/A                  | Long             | EC               |  | US        |     34400 | NS      | $876856.00    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| ZIONS BANCORPORATION, NATIONAL ASSOCIATION       | ZIONS BANCORP NA COMMON STOCK             | CUSIP: 989701107<br>LEI: 8WH0EE09O9V05QJZ3V89 | Long             | EC               |  | US        |     75100 | NS      | $4026862.00   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| CARRIAGE SERVICES, INC.                          | CARRIAGE SERVICES INC COMMON STOCK        | CUSIP: 143905107<br>LEI: N/A                  | Long             | EC               |  | US        |     66950 | NS      | $3007394.00   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Ingles Markets, Incorporated                     | INGLES MARKETS INC-CLASS A COMMON STOCK   | CUSIP: 457030104<br>LEI: 549300XH5RYBMYP8TF26 | Long             | EC               |  | US        |     16264 | NS      | $1023493.52   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| GULFPORT ENERGY CORPORATION                      | GULFPORT ENERGY CORP COMMON STOCK         | CUSIP: 402635502<br>LEI: 254900DJRGZBUZ3F5038 | Long             | EC               |  | US        |     14200 | NS      | $2472646.00   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| FRESH DEL MONTE PRODUCE INC.                     | FRESH DEL MONTE PRODUCE INC COMMON STOCK  | CUSIP: G36738105<br>LEI: 529900I72V9F0FEZR228 | Long             | EC               |  | US        |    119400 | NS      | $4488246.00   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                              | LSV TRI-PARTY REPO MORGAN STANLEY         | CUSIP: N/A<br>LEI: N/A                        | Long             | RA               |  | US        |   6713117 | PA      | $6713117.37   | 1.18%             |  |  |  | No            |                  2 | On Loan: No      |
| BERRY CORPORATION (BRY)                          | BERRY CORP COMMON STOCK                   | CUSIP: 08579X101<br>LEI: N/A                  | Long             | EC               |  | US        |    224200 | NS      | $677084.00    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| BLOOMIN' BRANDS, INC.                            | BLOOMIN' BRANDS INC COMMON STOCK          | CUSIP: 094235108<br>LEI: E1UJ2GO305B5FXGV7N04 | Long             | EC               |  | US        |    115000 | NS      | $1047650.00   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| CHIMERA INVESTMENT CORPORATION                   | CHIMERA INVESTMENT CORP REIT              | CUSIP: 16934Q802<br>LEI: 2JBBQFJOL123LOUBE657 | Long             | EC               |  | US        |    261100 | NS      | $3490907.00   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| NETSCOUT SYSTEMS, INC.                           | NETSCOUT SYSTEMS INC COMMON STOCK         | CUSIP: 64115T104<br>LEI: 5493005HZXZ3SPNVCV76 | Long             | EC               |  | US        |     81800 | NS      | $1752156.00   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Popular, Inc.                                    | POPULAR INC COMMON STOCK                  | CUSIP: 733174700<br>LEI: 5493008CARDZMVQ3LO89 | Long             | EC               |  | US        |     42000 | NS      | $4812360.00   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| SALLY BEAUTY HOLDINGS, INC.                      | SALLY BEAUTY HOLDINGS INC COMMON STOCK    | CUSIP: 79546E104<br>LEI: 529900VXW6E8ONDIQ271 | Long             | EC               |  | US        |    114500 | NS      | $1115230.00   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Collegium Pharmaceutical, Inc.                   | COLLEGIUM PHARMACEUTICAL INC COMMON STOCK | CUSIP: 19459J104<br>LEI: 54930049FXZMTLW8D496 | Long             | EC               |  | US        |     48200 | NS      | $1439252.00   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| H & R BLOCK, INC.                                | H&R BLOCK INC COMMON STOCK                | CUSIP: 093671105<br>LEI: 549300CE3KUCWLZBG404 | Long             | EC               |  | US        |     42900 | NS      | $2331186.00   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| HARMONY BIOSCIENCES HOLDINGS, INC.               | HARMONY BIOSCIENCES HOLDINGS COMMON STOCK | CUSIP: 413197104<br>LEI: N/A                  | Long             | EC               |  | US        |    113700 | NS      | $3999966.00   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| GROUP 1 AUTOMOTIVE, INC.                         | GROUP 1 AUTOMOTIVE INC COMMON STOCK       | CUSIP: 398905109<br>LEI: 549300US8QAZJLWYAF63 | Long             | EC               |  | US        |      6100 | NS      | $2514115.00   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| OCEANFIRST FINANCIAL CORP.                       | OCEANFIRST FINANCIAL CORP COMMON STOCK    | CUSIP: 675234108<br>LEI: N/A                  | Long             | EC               |  | US        |    161600 | NS      | $2711648.00   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| HF SINCLAIR CORPORATION                          | HF SINCLAIR CORP COMMON STOCK             | CUSIP: 403949100<br>LEI: 2549009G116AM01XHN24 | Long             | EC               |  | US        |     81700 | NS      | $3589898.00   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| FS KKR CAPITAL CORP.                             | FS KKR CAPITAL CORP COMMON STOCK          | CUSIP: 302635206<br>LEI: 549300TYRSI1T21B1360 | Long             | EC               |  | US        |     76915 | NS      | $1608292.65   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| EPR PROPERTIES                                   | EPR PROPERTIES REIT                       | CUSIP: 26884U109<br>LEI: 549300YSSXFHMPOWZ492 | Long             | EC               |  | US        |     67100 | NS      | $3693184.00   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| DELUXE CORPORATION                               | DELUXE CORP COMMON STOCK                  | CUSIP: 248019101<br>LEI: KWGNKB8TX9LE5TV29231 | Long             | EC               |  | US        |    146194 | NS      | $2353723.40   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED THERAPEUTICS CORPORATION                  | UNITED THERAPEUTICS CORP COMMON STOCK     | CUSIP: 91307C102<br>LEI: 5299005C4HZL4UWROC14 | Long             | EC               |  | US        |      9600 | NS      | $2637120.00   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| GENWORTH FINANCIAL, INC.                         | GENWORTH FINANCIAL INC COMMON STOCK       | CUSIP: 37247D106<br>LEI: 549300EMCG286BDNKJ33 | Long             | EC               |  | US        |    231200 | NS      | $1817232.00   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| NOV INC.                                         | NOV INC COMMON STOCK                      | CUSIP: 62955J103<br>LEI: 549300EHF3IW1AR6U008 | Long             | EC               |  | US        |    253300 | NS      | $3186514.00   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| CATALYST PHARMACEUTICALS, INC.                   | CATALYST PHARMACEUTICALS INC COMMON STOCK | CUSIP: 14888U101<br>LEI: 5299004O0R5XXLA5H544 | Long             | EC               |  | US        |     87900 | NS      | $1874907.00   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| DXC TECHNOLOGY COMPANY                           | DXC TECHNOLOGY CO COMMON STOCK            | CUSIP: 23355L106<br>LEI: 549300DOVZ3EDJB7O259 | Long             | EC               |  | US        |    120600 | NS      | $1641366.00   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| OUTFRONT MEDIA INC.                              | OUTFRONT MEDIA INC REIT                   | CUSIP: 69007J304<br>LEI: 549300RZWDYU5722I639 | Long             | EC               |  | US        |    156802 | NS      | $2748742.67   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| KILROY REALTY CORPORATION                        | KILROY REALTY CORP REIT                   | CUSIP: 49427F108<br>LEI: 549300CXXI18B214UN80 | Long             | EC               |  | US        |     58700 | NS      | $2163682.00   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| MUELLER INDUSTRIES, INC.                         | MUELLER INDUSTRIES INC COMMON STOCK       | CUSIP: 624756102<br>LEI: 5493005IZFE4VJLLYG84 | Long             | EC               |  | US        |     32000 | NS      | $2731840.00   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| PENSKE AUTOMOTIVE GROUP, INC.                    | PENSKE AUTOMOTIVE GROUP INC COMMON STOCK  | CUSIP: 70959W103<br>LEI: 549300W7UTQ0M4C7LB15 | Long             | EC               |  | US        |      5600 | NS      | $937496.00    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| WABASH NATIONAL CORPORATION                      | WABASH NATIONAL CORP COMMON STOCK         | CUSIP: 929566107<br>LEI: 5299004ZAWHQZI5XO485 | Long             | EC               |  | US        |    104800 | NS      | $1043808.00   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| PEABODY ENERGY CORPORATION                       | PEABODY ENERGY CORP COMMON STOCK          | CUSIP: 704551100<br>LEI: EJCO258LNNVSKAR2JX59 | Long             | EC               |  | US        |    138200 | NS      | $2231930.00   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| PLAYTIKA HOLDING CORP.                           | PLAYTIKA HOLDING CORP COMMON STOCK        | CUSIP: 72815L107<br>LEI: 254900E35Z4TKA4UFG64 | Long             | EC               |  | US        |    212358 | NS      | $946054.89    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| GREIF, INC.                                      | GREIF INC-CL A COMMON STOCK               | CUSIP: 397624107<br>LEI: 54930070FVGKR0Z1FI24 | Long             | EC               |  | US        |     16300 | NS      | $1033909.00   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| EL POLLO LOCO HOLDINGS, INC                      | EL POLLO LOCO HOLDINGS INC COMMON STOCK   | CUSIP: 268603107<br>LEI: 549300EZCBNF4G707K90 | Long             | EC               |  | US        |    112000 | NS      | $1153600.00   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| COMMUNITY TRUST BANCORP, INC.                    | COMMUNITY TRUST BANCORP INC COMMON STOCK  | CUSIP: 204149108<br>LEI: N/A                  | Long             | EC               |  | US        |     17000 | NS      | $917660.00    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| BERKSHIRE HILLS BANCORP, INC.                    | BERKSHIRE HILLS BANCORP INC COMMON STOCK  | CUSIP: 084680107<br>LEI: 549300AS2OC6UMMBNO37 | Long             | EC               |  | US        |     53600 | NS      | $1320704.00   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| CAPITOL FEDERAL FINANCIAL, INC.                  | CAPITOL FEDERAL FINANCIAL IN COMMON STOCK | CUSIP: 14057J101<br>LEI: N/A                  | Long             | EC               |  | US        |    376300 | NS      | $2265326.00   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| THE BRINK'S COMPANY                              | BRINK'S CO/THE COMMON STOCK               | CUSIP: 109696104<br>LEI: XFP140TFNOQMIVFTVQ13 | Long             | EC               |  | US        |     31400 | NS      | $2742476.00   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| NAVIENT CORPORATION                              | NAVIENT CORP COMMON STOCK                 | CUSIP: 63938C108<br>LEI: 54930067J0ZNOEBRW338 | Long             | EC               |  | US        |     78800 | NS      | $1019672.00   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| DINE BRANDS GLOBAL, INC.                         | DINE BRANDS GLOBAL INC COMMON STOCK       | CUSIP: 254423106<br>LEI: 529900HKM8OWSHLKJY75 | Long             | EC               |  | US        |     24400 | NS      | $551684.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| TOLL BROTHERS, INC.                              | TOLL BROTHERS INC COMMON STOCK            | CUSIP: 889478103<br>LEI: 529900JB6IS9MSZGVR44 | Long             | EC               |  | US        |     17100 | NS      | $2023956.00   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| LINCOLN NATIONAL CORPORATION                     | LINCOLN NATIONAL CORP COMMON STOCK        | CUSIP: 534187109<br>LEI: EFQMQROEDSNBRIP7LE47 | Long             | EC               |  | US        |     59800 | NS      | $2278978.00   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| JAKKS PACIFIC, INC.                              | JAKKS PACIFIC INC COMMON STOCK            | CUSIP: 47012E403<br>LEI: 549300UEF3348JRXQ295 | Long             | EC               |  | US        |     20080 | NS      | $355616.80    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| ABM INDUSTRIES INCORPORATED                      | ABM INDUSTRIES INC COMMON STOCK           | CUSIP: 000957100<br>LEI: QF02R89VEIOROM77J447 | Long             | EC               |  | US        |     69595 | NS      | $3210417.35   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| SABRA HEALTH CARE REIT, INC.                     | SABRA HEALTH CARE REIT INC REIT           | CUSIP: 78573L106<br>LEI: 549300E3BC7GU7TAZ621 | Long             | EC               |  | US        |    161700 | NS      | $2915451.00   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| RYDER SYSTEM, INC.                               | RYDER SYSTEM INC COMMON STOCK             | CUSIP: 783549108<br>LEI: ZXJ6Y2OSPZXIVGRILD15 | Long             | EC               |  | US        |     38700 | NS      | $6877377.00   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| SHUTTERSTOCK, INC.                               | SHUTTERSTOCK INC COMMON STOCK             | CUSIP: 825690100<br>LEI: 529900G2TDIS56V0LO22 | Long             | EC               |  | US        |     28200 | NS      | $540312.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| BANKUNITED, INC.                                 | BANKUNITED INC COMMON STOCK               | CUSIP: 06652K103<br>LEI: 96OVUWEW5D4YX6PFXD91 | Long             | EC               |  | US        |     60800 | NS      | $2217376.00   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| HARLEY-DAVIDSON, INC.                            | HARLEY-DAVIDSON INC COMMON STOCK          | CUSIP: 412822108<br>LEI: ZDNAWZWXIKMWI51R2A08 | Long             | EC               |  | US        |     82300 | NS      | $2002359.00   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| AGCO CORPORATION                                 | AGCO CORP COMMON STOCK                    | CUSIP: 001084102<br>LEI: LYOM0B2GCF1JWXK5ZG04 | Long             | EC               |  | US        |     21200 | NS      | $2500964.00   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| HERBALIFE LTD.                                   | HERBALIFE LTD COMMON STOCK                | CUSIP: G4412G101<br>LEI: 549300BA7TYPBSZZIA41 | Long             | EC               |  | US        |    185900 | NS      | $1710280.00   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| KB HOME                                          | KB HOME COMMON STOCK                      | CUSIP: 48666K109<br>LEI: 549300LGUCWQURMWLG09 | Long             | EC               |  | US        |     65800 | NS      | $3636108.00   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| SPARTANNASH COMPANY                              | SPARTANNASH CO COMMON STOCK               | CUSIP: 847215100<br>LEI: 549300TV3QCCSQLF5X16 | Long             | EC               |  | US        |    116300 | NS      | $3086602.00   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| COMMERCIAL METALS COMPANY                        | COMMERCIAL METALS CO COMMON STOCK         | CUSIP: 201723103<br>LEI: 549300OQS2LO07ZJ7N73 | Long             | EC               |  | US        |     38300 | NS      | $1986238.00   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| ORGANON & CO.                                    | ORGANON & CO COMMON STOCK                 | CUSIP: 68622V106<br>LEI: 549300AMCKY57OK2CO56 | Long             | EC               |  | US        |    262400 | NS      | $2545280.00   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| ATKORE INC                                       | Atkore Inc COMMON STOCK                   | CUSIP: 047649108<br>LEI: 52990002TI38AM4RPV48 | Long             | EC               |  | US        |     44600 | NS      | $3435092.00   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| CNX RESOURCES CORPORATION                        | CNX RESOURCES CORP COMMON STOCK           | CUSIP: 12653C108<br>LEI: 549300JK3KH8PWM3B226 | Long             | EC               |  | US        |     89100 | NS      | $2700621.00   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| HALOZYME THERAPEUTICS, INC.                      | HALOZYME THERAPEUTICS INC COMMON STOCK    | CUSIP: 40637H109<br>LEI: 529900242I3SV9AGM753 | Long             | EC               |  | US        |     70000 | NS      | $4197900.00   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Energizer Holdings, Inc.                         | ENERGIZER HOLDINGS INC COMMON STOCK       | CUSIP: 29272W109<br>LEI: 5493000D6NN0V57UME20 | Long             | EC               |  | US        |    143500 | NS      | $3231620.00   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| EXELIXIS, INC.                                   | EXELIXIS INC COMMON STOCK                 | CUSIP: 30161Q104<br>LEI: 254900PJQB59O2O95R37 | Long             | EC               |  | US        |    156300 | NS      | $5661186.00   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| OLD SECOND BANCORP, INC.                         | OLD SECOND BANCORP INC COMMON STOCK       | CUSIP: 680277100<br>LEI: 549300XVJC1MPUT81C04 | Long             | EC               |  | US        |    148026 | NS      | $2512001.22   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| MR. COOPER GROUP INC.                            | MR COOPER GROUP INC COMMON STOCK          | CUSIP: 62482R107<br>LEI: 549300KD8C6DPXYC2M26 | Long             | EC               |  | US        |     26400 | NS      | $4111008.00   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| LIVANOVA PLC                                     | LIVANOVA PLC COMMON STOCK                 | CUSIP: G5509L101<br>LEI: 2138001K2FX6SHK2B339 | Long             | EC               |  | US        |     65600 | NS      | $2767664.00   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Sun Country Airlines Holdings Inc                | SUN COUNTRY AIRLINES HOLDING COMMON STOCK | CUSIP: 866683105<br>LEI: 549300MOHOJN9GH0NJ48 | Long             | EC               |  | US        |    180600 | NS      | $2093154.00   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| CTO REALTY GROWTH, INC.                          | CTO REALTY GROWTH INC REIT                | CUSIP: 22948Q101<br>LEI: N/A                  | Long             | EC               |  | US        |     94350 | NS      | $1557718.50   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| INGREDION INCORPORATED                           | INGREDION INC COMMON STOCK                | CUSIP: 457187102<br>LEI: PKSTQ48QDN0XSVS7YK88 | Long             | EC               |  | US        |     35800 | NS      | $4709132.00   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| VONTIER CORPORATION                              | VONTIER CORP COMMON STOCK                 | CUSIP: 928881101<br>LEI: 549300VVSQLG4P5K4639 | Long             | EC               |  | US        |     68000 | NS      | $2819960.00   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| RITHM CAPITAL CORP.                              | RITHM CAPITAL CORP REIT                   | CUSIP: 64828T201<br>LEI: 549300WNTHGEO5LP2G31 | Long             | EC               |  | US        |    216400 | NS      | $2603292.00   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| GLOBAL MEDICAL REIT INC.                         | GLOBAL MEDICAL REIT INC REIT              | CUSIP: 37954A204<br>LEI: 549300HFRIPQDYU3GU60 | Long             | EC               |  | US        |    186100 | NS      | $1243148.00   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| CORE NATURAL RESOURCES, INC.                     | CORE NATURAL RESOURCES INC COMMON STOCK   | CUSIP: 218937100<br>LEI: 549300YJCTPJBTK7IJ81 | Long             | EC               |  | US        |     17500 | NS      | $1291675.00   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| PRIMORIS SERVICES CORPORATION                    | PRIMORIS SERVICES CORP COMMON STOCK       | CUSIP: 74164F103<br>LEI: 549300UF3OLBJ8D5K349 | Long             | EC               |  | US        |     39000 | NS      | $3672630.00   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| The Bank of N.T. Butterfield & Son Limited       | BANK OF N.T. BUTTERFIELD&SON COMMON STOCK | CUSIP: G0772R208<br>LEI: 549300V8RVM0EMTDPF28 | Long             | EC               |  | US        |    108800 | NS      | $4951488.00   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| CSG SYSTEMS INTERNATIONAL, INC.                  | CSG SYSTEMS INTL INC COMMON STOCK         | CUSIP: 126349109<br>LEI: 549300D7FJZUOHHXUA81 | Long             | EC               |  | US        |     46900 | NS      | $2929374.00   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| TERADATA CORPORATION                             | TERADATA CORP COMMON STOCK                | CUSIP: 88076W103<br>LEI: 549300JU9SOUHV4U4R71 | Long             | EC               |  | US        |    108900 | NS      | $2279277.00   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| REGIONAL MANAGEMENT CORP.                        | REGIONAL MANAGEMENT CORP COMMON STOCK     | CUSIP: 75902K106<br>LEI: 549300S5O87W87JW4146 | Long             | EC               |  | US        |     48400 | NS      | $1608816.00   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| THE TIMKEN COMPANY                               | TIMKEN CO COMMON STOCK                    | CUSIP: 887389104<br>LEI: B0I35MLPFXZSE70ASS73 | Long             | EC               |  | US        |     19300 | NS      | $1468537.00   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| GLADSTONE COMMERCIAL CORPORATION                 | GLADSTONE COMMERCIAL CORP REIT            | CUSIP: 376536108<br>LEI: 529900EVVV534W8R0T32 | Long             | EC               |  | US        |     45800 | NS      | $602270.00    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| ADVANSIX INC.                                    | ADVANSIX INC COMMON STOCK                 | CUSIP: 00773T101<br>LEI: 5493009TPRODMCAZLF67 | Long             | EC               |  | US        |     79200 | NS      | $1593504.00   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| MARRIOTT VACATIONS WORLDWIDE CORPORATION         | MARRIOTT VACATIONS WORLD COMMON STOCK     | CUSIP: 57164Y107<br>LEI: 549300WA6BT5H4F7IO94 | Long             | EC               |  | US        |      8150 | NS      | $606930.50    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| JAZZ PHARMACEUTICALS PUBLIC LIMITED COMPANY      | JAZZ PHARMACEUTICALS PLC COMMON STOCK     | CUSIP: G50871105<br>LEI: 635400GAUMJCLEZRRV50 | Long             | EC               |  | US        |     47600 | NS      | $5456388.00   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| HANCOCK WHITNEY CORPORATION                      | HANCOCK WHITNEY CORP COMMON STOCK         | CUSIP: 410120109<br>LEI: 549300GRNBWY8HIICT41 | Long             | EC               |  | US        |     74700 | NS      | $4461084.00   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| CNO FINANCIAL GROUP, INC.                        | CNO FINANCIAL GROUP INC COMMON STOCK      | CUSIP: 12621E103<br>LEI: 11XPYHB76MPM4Y4P2897 | Long             | EC               |  | US        |    186300 | NS      | $6863292.00   | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| CATHAY GENERAL BANCORP                           | CATHAY GENERAL BANCORP COMMON STOCK       | CUSIP: 149150104<br>LEI: 549300K1SLJ8C97H5L68 | Long             | EC               |  | US        |     43603 | NS      | $1971727.66   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| NEW MOUNTAIN FINANCE CORPORATION                 | NEW MOUNTAIN FINANCE CORP COMMON STOCK    | CUSIP: 647551100<br>LEI: 549300L1MPTT1H7SES77 | Long             | EC               |  | US        |    253300 | NS      | $2664716.00   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST FINANCIAL BANCORP.                         | FIRST FINANCIAL BANCORP COMMON STOCK      | CUSIP: 320209109<br>LEI: 549300D3F5B3EZMY7P77 | Long             | EC               |  | US        |     61925 | NS      | $1501062.00   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| BORGWARNER INC.                                  | BORGWARNER INC COMMON STOCK               | CUSIP: 099724106<br>LEI: 549300DSFX2IE88NSX47 | Long             | EC               |  | US        |     72400 | NS      | $2664320.00   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| TEGNA INC.                                       | TEGNA INC COMMON STOCK                    | CUSIP: 87901J105<br>LEI: 549300YC5EDBGX85AO10 | Long             | EC               |  | US        |    125800 | NS      | $2100860.00   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| PARK HOTELS & RESORTS INC.                       | PARK HOTELS & RESORTS INC REIT            | CUSIP: 700517105<br>LEI: 5493005UZ5TQN0H6HS73 | Long             | EC               |  | US        |    123600 | NS      | $1317576.00   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| ASSOCIATED BANC-CORP                             | ASSOCIATED BANC-CORP COMMON STOCK         | CUSIP: 045487105<br>LEI: 549300N3CIN473IW5094 | Long             | EC               |  | US        |    222100 | NS      | $5494754.00   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| HIGHWOODS PROPERTIES, INC.                       | HIGHWOODS PROPERTIES INC REIT             | CUSIP: 431284108<br>LEI: ZIIGTYKL9T0X3HLTDX53 | Long             | EC               |  | US        |    113900 | NS      | $3304239.00   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| PVH CORP.                                        | PVH CORP COMMON STOCK                     | CUSIP: 693656100<br>LEI: 123WALMHY1GZXG2YDL90 | Long             | EC               |  | US        |     33300 | NS      | $2444886.00   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| DHT HOLDINGS, INC.                               | DHT HOLDINGS INC COMMON STOCK             | CUSIP: Y2065G121<br>LEI: 549300SMD6IVZYT74K40 | Long             | EC               |  | US        |    157204 | NS      | $1743392.36   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| FEDERATED HERMES, INC.                           | FEDERATED HERMES INC COMMON STOCK         | CUSIP: 314211103<br>LEI: R05X5UQ874RGFF7HHD84 | Long             | EC               |  | US        |     75800 | NS      | $3757406.00   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| THE GREENBRIER COMPANIES, INC.                   | GREENBRIER COMPANIES INC COMMON STOCK     | CUSIP: 393657101<br>LEI: 5493001GAGGFR30BP390 | Long             | EC               |  | US        |     48000 | NS      | $2184000.00   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| BELDEN INC.                                      | BELDEN INC COMMON STOCK                   | CUSIP: 077454106<br>LEI: 68BKYO1JC791TTJHUE82 | Long             | EC               |  | US        |     14710 | NS      | $1818891.50   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| GREAT SOUTHERN BANCORP, INC.                     | GREAT SOUTHERN BANCORP INC COMMON STOCK   | CUSIP: 390905107<br>LEI: 5493000ZL7DLNMN1AB26 | Long             | EC               |  | US        |     27200 | NS      | $1548768.00   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| MATADOR RESOURCES COMPANY                        | MATADOR RESOURCES CO COMMON STOCK         | CUSIP: 576485205<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | EC               |  | US        |    103900 | NS      | $5182532.00   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OZK                                         | BANK OZK COMMON STOCK                     | CUSIP: 06417N103<br>LEI: 549300VYK2WBD7SST478 | Long             | EC               |  | US        |     98600 | NS      | $4860980.00   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| CIVITAS RESOURCES, INC.                          | CIVITAS RESOURCES INC COMMON STOCK        | CUSIP: 17888H103<br>LEI: IIVIHPH28S64K95M2381 | Long             | EC               |  | US        |     69900 | NS      | $2122164.00   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| SHOE CARNIVAL, INC.                              | SHOE CARNIVAL INC COMMON STOCK            | CUSIP: 824889109<br>LEI: N/A                  | Long             | EC               |  | US        |     45300 | NS      | $926838.00    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| LIBERTY ENERGY INC.                              | Liberty Energy Inc COMMON STOCK           | CUSIP: 53115L104<br>LEI: N/A                  | Long             | EC               |  | US        |    150300 | NS      | $1854702.00   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| SKYWEST, INC.                                    | SKYWEST INC COMMON STOCK                  | CUSIP: 830879102<br>LEI: 529900UYS2KGS6Z42P09 | Long             | EC               |  | US        |     26600 | NS      | $3084536.00   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| COVENANT LOGISTICS GROUP, INC.                   | COVENANT LOGISTICS GROUP INC COMMON STOCK | CUSIP: 22284P105<br>LEI: N/A                  | Long             | EC               |  | US        |     20200 | NS      | $487830.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| ACCO BRANDS CORPORATION                          | ACCO BRANDS CORP COMMON STOCK             | CUSIP: 00081T108<br>LEI: JCT8P4Y190IH4I1NX328 | Long             | EC               |  | US        |    298000 | NS      | $1117500.00   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| WESCO INTERNATIONAL, INC.                        | WESCO INTERNATIONAL INC COMMON STOCK      | CUSIP: 95082P105<br>LEI: 529900TXOGREY3WNJ434 | Long             | EC               |  | US        |      8300 | NS      | $1717768.00   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| WINNEBAGO INDUSTRIES, INC.                       | WINNEBAGO INDUSTRIES COMMON STOCK         | CUSIP: 974637100<br>LEI: 549300B7OYKYJLTE3G11 | Long             | EC               |  | US        |     22000 | NS      | $653840.00    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| DNOW INC.                                        | DNOW INC COMMON STOCK                     | CUSIP: 67011P100<br>LEI: 549300AVH5SOCFVVDW91 | Long             | EC               |  | US        |    111000 | NS      | $1727160.00   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| MATTEL, INC.                                     | MATTEL INC COMMON STOCK                   | CUSIP: 577081102<br>LEI: 549300VELLG24KHTJ564 | Long             | EC               |  | US        |    212900 | NS      | $3621429.00   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| NORTHWEST NATURAL HOLDING COMPANY                | NORTHWEST NATURAL HOLDING CO COMMON STOCK | CUSIP: 66765N105<br>LEI: 254900PSJL6ZEC8FR782 | Long             | EC               |  | US        |     42700 | NS      | $1704584.00   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| HAVERTY FURNITURE COMPANIES, INC.                | HAVERTY FURNITURE COMMON STOCK            | CUSIP: 419596101<br>LEI: 529900CVFMMIRXZVPD70 | Long             | EC               |  | US        |     33600 | NS      | $693168.00    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| MERCANTILE BANK CORPORATION                      | MERCANTILE BANK CORP COMMON STOCK         | CUSIP: 587376104<br>LEI: P16VZZCKTJ5IONL6XE37 | Long             | EC               |  | US        |     48657 | NS      | $2223138.33   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| PENNANTPARK INVESTMENT CORPORATION               | PENNANTPARK INVESTMENT CORP COMMON STOCK  | CUSIP: 708062104<br>LEI: 529900OK432R4C6NQQ73 | Long             | EC               |  | US        |    195900 | NS      | $1416357.00   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| ADTALEM GLOBAL EDUCATION INC.                    | ADTALEM GLOBAL EDUCATION INC COMMON STOCK | CUSIP: 00737L103<br>LEI: 549300Z467EZLMODV621 | Long             | EC               |  | US        |     27200 | NS      | $3108144.00   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| ADT INC.                                         | ADT INC COMMON STOCK                      | CUSIP: 00090Q103<br>LEI: N/A                  | Long             | EC               |  | US        |    553400 | NS      | $4620890.00   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| PHOTRONICS, INC.                                 | PHOTRONICS INC COMMON STOCK               | CUSIP: 719405102<br>LEI: 549300OK5JVNIBNY6F63 | Long             | EC               |  | US        |    134400 | NS      | $2736384.00   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| SCIENCE APPLICATIONS INTERNATIONAL CORPORATION   | SCIENCE APPLICATIONS INTE COMMON STOCK    | CUSIP: 808625107<br>LEI: 549300LZPNZIXQGZPZ48 | Long             | EC               |  | US        |     25100 | NS      | $2798148.00   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| THE GOODYEAR TIRE & RUBBER COMPANY               | GOODYEAR TIRE & RUBBER CO COMMON STOCK    | CUSIP: 382550101<br>LEI: 5493002BI0S2ZQUY3437 | Long             | EC               |  | US        |    137500 | NS      | $1413500.00   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| NATIONAL FUEL GAS COMPANY                        | NATIONAL FUEL GAS CO COMMON STOCK         | CUSIP: 636180101<br>LEI: 8JB38FFW1Y3C1HM8E841 | Long             | EC               |  | US        |     57500 | NS      | $4990425.00   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| SYNOVUS FINANCIAL CORP.                          | SYNOVUS FINANCIAL CORP COMMON STOCK       | CUSIP: 87161C501<br>LEI: 549300EIUS8UN5JTLE54 | Long             | EC               |  | US        |     60900 | NS      | $2876916.00   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Signet Jewelers Limited                          | SIGNET JEWELERS LTD COMMON STOCK          | CUSIP: G81276100<br>LEI: 549300N3XPGE91WV7M22 | Long             | EC               |  | US        |     21500 | NS      | $1700650.00   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| O-I GLASS, INC.                                  | O-I GLASS INC COMMON STOCK                | CUSIP: 67098H104<br>LEI: N/A                  | Long             | EC               |  | US        |     88300 | NS      | $1148783.00   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| MFA FINANCIAL, INC.                              | MFA FINANCIAL INC REIT                    | CUSIP: 55272X607<br>LEI: YW72IMH2RRC8Z1TGLG58 | Long             | EC               |  | US        |    149300 | NS      | $1357137.00   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| AMALGAMATED FINANCIAL CORP.                      | AMALGAMATED FINANCIAL CORP COMMON STOCK   | CUSIP: 022671101<br>LEI: N/A                  | Long             | EC               |  | US        |     59313 | NS      | $1719483.87   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| First BanCorp.                                   | FIRST BANCORP PUERTO RICO COMMON STOCK    | CUSIP: 318672706<br>LEI: N/A                  | Long             | EC               |  | US        |    167700 | NS      | $3493191.00   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERNATIONAL MONEY EXPRESS, INC.                | INTERNATIONAL MONEY EXPRESS COMMON STOCK  | CUSIP: 46005L101<br>LEI: N/A                  | Long             | EC               |  | US        |    134500 | NS      | $1209155.00   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| ZOOMINFO TECHNOLOGIES INC.                       | ZOOMINFO TECHNOLOGIES INC COMMON STOCK    | CUSIP: 98980F104<br>LEI: 2549008GSAHW4UWFEM58 | Long             | EC               |  | US        |    161800 | NS      | $1752294.00   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| CAMDEN NATIONAL CORPORATION                      | CAMDEN NATIONAL CORP COMMON STOCK         | CUSIP: 133034108<br>LEI: 549300ZVEDL2L8UW4F28 | Long             | EC               |  | US        |     48500 | NS      | $1828935.00   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST BUSEY CORPORATION                          | FIRST BUSEY CORP COMMON STOCK             | CUSIP: 319383204<br>LEI: 549300X4ZNLYSX7GUY60 | Long             | EC               |  | US        |    103900 | NS      | $2319048.00   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| PEOPLES BANCORP INC.                             | PEOPLES BANCORP INC COMMON STOCK          | CUSIP: 709789101<br>LEI: N/A                  | Long             | EC               |  | US        |     53582 | NS      | $1534588.48   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| YELP INC.                                        | YELP INC COMMON STOCK                     | CUSIP: 985817105<br>LEI: 5299007OU2DOSXPQBO35 | Long             | EC               |  | US        |     73600 | NS      | $2534048.00   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| AMKOR TECHNOLOGY, INC.                           | AMKOR TECHNOLOGY INC COMMON STOCK         | CUSIP: 031652100<br>LEI: 529900VHLRTKPWZJBM84 | Long             | EC               |  | US        |    152100 | NS      | $3431376.00   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| HANMI FINANCIAL CORPORATION                      | HANMI FINANCIAL CORPORATION COMMON STOCK  | CUSIP: 410495204<br>LEI: 549300MSZ7RCG7EA6587 | Long             | EC               |  | US        |    140400 | NS      | $3202524.00   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| APOGEE ENTERPRISES, INC.                         | APOGEE ENTERPRISES INC COMMON STOCK       | CUSIP: 037598109<br>LEI: 549300579S7QW8V4IJ60 | Long             | EC               |  | US        |     35900 | NS      | $1507441.00   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| G-III APPAREL GROUP, LTD.                        | G-III APPAREL GROUP LTD COMMON STOCK      | CUSIP: 36237H101<br>LEI: 529900O5KABM3R3SFM87 | Long             | EC               |  | US        |     83800 | NS      | $1977680.00   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| EMPLOYERS HOLDINGS, INC.                         | EMPLOYERS HOLDINGS INC COMMON STOCK       | CUSIP: 292218104<br>LEI: N/A                  | Long             | EC               |  | US        |     72800 | NS      | $3005184.00   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| PATTERSON-UTI ENERGY, INC.                       | PATTERSON-UTI ENERGY INC COMMON STOCK     | CUSIP: 703481101<br>LEI: 254900XGFBKIXD6G0697 | Long             | EC               |  | US        |     97300 | NS      | $575043.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| SCORPIO TANKERS INC.                             | SCORPIO TANKERS INC COMMON STOCK          | CUSIP: Y7542C130<br>LEI: 549300NVJUH16NXG8K87 | Long             | EC               |  | US        |     46100 | NS      | $2084181.00   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITI GROUP INC                                  | UNITI GROUP INC REIT                      | CUSIP: 91325V108<br>LEI: N/A                  | Long             | EC               |  | US        |    274400 | NS      | $1459808.00   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| PRICESMART, INC.                                 | PRICESMART INC COMMON STOCK               | CUSIP: 741511109<br>LEI: 549300JVYOSTGVSDZS46 | Long             | EC               |  | US        |     21400 | NS      | $2300500.00   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| UNIVERSAL INSURANCE HOLDINGS, INC.               | UNIVERSAL INSURANCE HOLDINGS COMMON STOCK | CUSIP: 91359V107<br>LEI: 529900GGAZ6WVUCWQM46 | Long             | EC               |  | US        |     47900 | NS      | $1132356.00   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| ADEIA INC.                                       | ADEIA INC COMMON STOCK                    | CUSIP: 00676P107<br>LEI: N/A                  | Long             | EC               |  | US        |    118800 | NS      | $1538460.00   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| UGI CORPORATION                                  | UGI CORP COMMON STOCK                     | CUSIP: 902681105<br>LEI: DX6GCWD4Q1JO9CRE5I40 | Long             | EC               |  | US        |    192200 | NS      | $6953796.00   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| NEXSTAR MEDIA GROUP, INC.                        | Nexstar Media Group Inc COMMON STOCK      | CUSIP: 65336K103<br>LEI: 52990083ZRR5UT591988 | Long             | EC               |  | US        |     22300 | NS      | $4172553.00   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| KELLY SERVICES, INC.                             | KELLY SERVICES INC -A COMMON STOCK        | CUSIP: 488152208<br>LEI: 25490035B2ZPL6RM1974 | Long             | EC               |  | US        |    126500 | NS      | $1549625.00   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| CIRRUS LOGIC, INC.                               | CIRRUS LOGIC INC COMMON STOCK             | CUSIP: 172755100<br>LEI: 549300NKSJEM5ZZSSV18 | Long             | EC               |  | US        |     42600 | NS      | $4290246.00   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| KITE REALTY GROUP TRUST                          | KITE REALTY GROUP TRUST REIT              | CUSIP: 49803T300<br>LEI: N/A                  | Long             | EC               |  | US        |     90600 | NS      | $1991388.00   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| GUESS ?, INC.                                    | GUESS? INC COMMON STOCK                   | CUSIP: 401617105<br>LEI: 549300QVH3ZK2DW0KP86 | Long             | EC               |  | US        |     83500 | NS      | $1085500.00   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Inmode Ltd                                       | INMODE LTD COMMON STOCK                   | CUSIP: M5425M103<br>LEI: 984500DD95A35E9BD358 | Long             | EC               |  | US        |     71700 | NS      | $979422.00    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| OFG BANCORP                                      | OFG BANCORP COMMON STOCK                  | CUSIP: 67103X102<br>LEI: 549300Q4QEXJ37LEXQ06 | Long             | EC               |  | US        |     90500 | NS      | $3857110.00   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| OSHKOSH CORPORATION                              | OSHKOSH CORP COMMON STOCK                 | CUSIP: 688239201<br>LEI: 549300FEKNPCFSA2B506 | Long             | EC               |  | US        |     41800 | NS      | $5288954.00   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| SCANSOURCE, INC.                                 | SCANSOURCE INC COMMON STOCK               | CUSIP: 806037107<br>LEI: 7FHBAN017QDY4K2KP156 | Long             | EC               |  | US        |     58000 | NS      | $2252720.00   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| GRIFFON CORPORATION                              | GRIFFON CORP COMMON STOCK                 | CUSIP: 398433102<br>LEI: 5493000C2SGNC7ZN3242 | Long             | EC               |  | US        |     40800 | NS      | $3315816.00   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| COUSINS PROPERTIES INCORPORATED                  | COUSINS PROPERTIES INC REIT               | CUSIP: 222795502<br>LEI: 5493007XPYD5EJABN062 | Long             | EC               |  | US        |    100900 | NS      | $2734390.00   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| WORLD KINECT CORPORATION                         | WORLD KINECT CORP COMMON STOCK            | CUSIP: 981475106<br>LEI: D3W7PCXCBRQLL17DZ313 | Long             | EC               |  | US        |    140300 | NS      | $3825981.00   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| HELMERICH & PAYNE, INC.                          | HELMERICH & PAYNE COMMON STOCK            | CUSIP: 423452101<br>LEI: 254900NAOGHJ88RZ4C73 | Long             | EC               |  | US        |    106600 | NS      | $1727986.00   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN WOODMARK CORPORATION                    | AMERICAN WOODMARK CORP COMMON STOCK       | CUSIP: 030506109<br>LEI: 5299007PFSDWMA74RB56 | Long             | EC               |  | US        |     30100 | NS      | $1583561.00   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| AFFILIATED MANAGERS GROUP, INC.                  | AFFILIATED MANAGERS GROUP COMMON STOCK    | CUSIP: 008252108<br>LEI: 2JE75BUE3T1BLCYYGK54 | Long             | EC               |  | US        |     15600 | NS      | $3273972.00   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| SIXTH STREET SPECIALTY LENDING, INC.             | SIXTH STREET SPECIALTY LENDI COMMON STOCK | CUSIP: 83012A109<br>LEI: 549300TX61566GJWCN05 | Long             | EC               |  | US        |     90000 | NS      | $2185200.00   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| BOYD GAMING CORPORATION                          | BOYD GAMING CORP COMMON STOCK             | CUSIP: 103304101<br>LEI: 254900787YGRYS2A1Z35 | Long             | EC               |  | US        |     39000 | NS      | $3311100.00   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| ETHAN ALLEN INTERIORS INC.                       | ETHAN ALLEN INTERIORS INC COMMON STOCK    | CUSIP: 297602104<br>LEI: N/A                  | Long             | EC               |  | US        |     68900 | NS      | $2051153.00   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| GATES INDUSTRIAL CORPORATION PLC                 | GATES INDUSTRIAL CORP PLC COMMON STOCK    | CUSIP: G39108108<br>LEI: 549300S6K4FWUSB9KM27 | Long             | EC               |  | US        |    163700 | NS      | $4059760.00   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| CENTRAL PACIFIC FINANCIAL CORP.                  | CENTRAL PACIFIC FINANCIAL CO COMMON STOCK | CUSIP: 154760409<br>LEI: 549300W3YEAOZ4KGG849 | Long             | EC               |  | US        |     95300 | NS      | $2540698.00   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| PHINIA INC.                                      | PHINIA INC COMMON STOCK                   | CUSIP: 71880K101<br>LEI: 254900HG6MORZE1FFM18 | Long             | EC               |  | US        |     60200 | NS      | $3052140.00   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| AVNET, INC.                                      | AVNET INC COMMON STOCK                    | CUSIP: 053807103<br>LEI: XJI53DCPL7QABOWK4Z75 | Long             | EC               |  | US        |     68200 | NS      | $3610508.00   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| AUTONATION, INC.                                 | AUTONATION INC COMMON STOCK               | CUSIP: 05329W102<br>LEI: N/A                  | Long             | EC               |  | US        |     12000 | NS      | $2311680.00   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Koppers Holdings Inc.                            | KOPPERS HOLDINGS INC COMMON STOCK         | CUSIP: 50060P106<br>LEI: N/A                  | Long             | EC               |  | US        |     90881 | NS      | $2986349.66   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| ACADEMY SPORTS AND OUTDOORS, INC.                | ACADEMY SPORTS & OUTDOORS IN COMMON STOCK | CUSIP: 00402L107<br>LEI: N/A                  | Long             | EC               |  | US        |     74400 | NS      | $3778776.00   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| ENACT HOLDINGS, INC.                             | ENACT HOLDINGS INC COMMON STOCK           | CUSIP: 29249E109<br>LEI: 9845003CA5664B741N19 | Long             | EC               |  | US        |     45000 | NS      | $1564200.00   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| CENTRAL GARDEN & PET COMPANY                     | CENTRAL GARDEN AND PET CO-A COMMON STOCK  | CUSIP: 153527205<br>LEI: 5493004DVZLD37DJ0H83 | Long             | EC               |  | US        |     68100 | NS      | $2418912.00   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| SYLVAMO CORPORATION                              | SYLVAMO CORP COMMON STOCK                 | CUSIP: 871332102<br>LEI: 5493001AOYU1ZOWOC971 | Long             | EC               |  | US        |     54100 | NS      | $2492387.00   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| TRAVEL + LEISURE CO.                             | TRAVEL + LEISURE CO COMMON STOCK          | CUSIP: 894164102<br>LEI: T4VNTWMFQ7JQB65L7T35 | Long             | EC               |  | US        |     64300 | NS      | $3809775.00   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| XENIA HOTELS & RESORTS, INC.                     | XENIA HOTELS & RESORTS INC REIT           | CUSIP: 984017103<br>LEI: 54930075IWIPHF5IQL62 | Long             | EC               |  | US        |    144300 | NS      | $1834053.00   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN ASSETS TRUST, INC.                      | AMERICAN ASSETS TRUST INC REIT            | CUSIP: 024013104<br>LEI: N/A                  | Long             | EC               |  | US        |    128400 | NS      | $2443452.00   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| SUNCOKE ENERGY, INC.                             | SUNCOKE ENERGY INC COMMON STOCK           | CUSIP: 86722A103<br>LEI: 1KF1J2NXQE2PI0QOB943 | Long             | EC               |  | US        |    385500 | NS      | $2848845.00   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| CITY OFFICE REIT, INC.                           | CITY OFFICE REIT INC REIT                 | CUSIP: 178587101<br>LEI: 5493003J7157VP25NL57 | Long             | EC               |  | US        |    201000 | NS      | $1394940.00   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| PORTLAND GENERAL ELECTRIC COMPANY                | PORTLAND GENERAL ELECTRIC CO COMMON STOCK | CUSIP: 736508847<br>LEI: GJOUP9M7C39GLSK9R870 | Long             | EC               |  | US        |     73500 | NS      | $3022320.00   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| COLUMBIA BANKING SYSTEM, INC.                    | COLUMBIA BANKING SYSTEM INC COMMON STOCK  | CUSIP: 197236102<br>LEI: N/A                  | Long             | EC               |  | US        |    169900 | NS      | $4043620.00   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco Latinoamericano de Comercio Exterior, S.A. | BANCO LATINOAMERICANO COME-E COMMON STOCK | CUSIP: P16994132<br>LEI: 549300CN3134K4LC0651 | Long             | EC               |  | US        |     99600 | NS      | $3980016.00   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| VISTEON CORPORATION                              | VISTEON CORP COMMON STOCK                 | CUSIP: 92839U206<br>LEI: 549300MOVLYHRW4GGW78 | Long             | EC               |  | US        |     15800 | NS      | $1756170.00   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| BLUE OWL CAPITAL CORPORATION                     | BLUE OWL CAPITAL CORP COMMON STOCK        | CUSIP: 69121K104<br>LEI: 2549000BD79OOCPF2L94 | Long             | EC               |  | US        |    156700 | NS      | $2237676.00   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Edgewell Personal Care Company                   | EDGEWELL PERSONAL CARE CO COMMON STOCK    | CUSIP: 28035Q102<br>LEI: 549300CY8QZDL4Z3RU59 | Long             | EC               |  | US        |     71100 | NS      | $1793853.00   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| TD SYNNEX CORPORATION                            | TD SYNNEX CORP COMMON STOCK               | CUSIP: 87162W100<br>LEI: 5493004HI6PFLF46NS53 | Long             | EC               |  | US        |     20600 | NS      | $2974434.00   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| SPECTRUM BRANDS HOLDINGS, INC.                   | SPECTRUM BRANDS HOLDINGS INC COMMON STOCK | CUSIP: 84790A105<br>LEI: 549300JM0MJETDD30O20 | Long             | EC               |  | US        |     29600 | NS      | $1583896.00   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| HORIZON BANCORP, INC.                            | HORIZON BANCORP INC/IN COMMON STOCK       | CUSIP: 440407104<br>LEI: 549300U2OQ2EIT5MXG39 | Long             | EC               |  | US        |    136500 | NS      | $2114385.00   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Hospitality REIT, Inc.                     | APPLE HOSPITALITY REIT INC REIT           | CUSIP: 03784Y200<br>LEI: 549300EVZAR0FBZO4F16 | Long             | EC               |  | US        |    156600 | NS      | $1840050.00   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| ENNIS, INC.                                      | ENNIS INC COMMON STOCK                    | CUSIP: 293389102<br>LEI: N/A                  | Long             | EC               |  | US        |     60900 | NS      | $1084020.00   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| CARTER'S, INC.                                   | CARTER'S INC COMMON STOCK                 | CUSIP: 146229109<br>LEI: 5299003WAQK4R3L3ZU36 | Long             | EC               |  | US        |     27200 | NS      | $659328.00    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| UPWORK INC.                                      | UPWORK INC COMMON STOCK                   | CUSIP: 91688F104<br>LEI: 5493004QJ6WWBXVE2S70 | Long             | EC               |  | US        |    111200 | NS      | $1329952.00   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| NewMarket Corporation                            | NEWMARKET CORP COMMON STOCK               | CUSIP: 651587107<br>LEI: 54930082CG88ERDREQ47 | Long             | EC               |  | US        |      5305 | NS      | $3644535.00   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| CONSTELLIUM SE                                   | CONSTELLIUM SE COMMON STOCK               | CUSIP: F21107101<br>LEI: 724500KRJEMC79KAAU28 | Long             | EC               |  | US        |    149300 | NS      | $2046903.00   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| PREMIER, INC.                                    | PREMIER INC-CLASS A COMMON STOCK          | CUSIP: 74051N102<br>LEI: N/A                  | Long             | EC               |  | US        |    110600 | NS      | $2375688.00   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| WK KELLOGG CO                                    | WK KELLOGG CO COMMON STOCK                | CUSIP: 92942W107<br>LEI: 529900SWC935GFWUJ804 | Long             | EC               |  | US        |    179800 | NS      | $4144390.00   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| RADIAN GROUP INC.                                | RADIAN GROUP INC COMMON STOCK             | CUSIP: 750236101<br>LEI: 54930005OUP720S5U385 | Long             | EC               |  | US        |    113000 | NS      | $3684930.00   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| INTEGRA LIFESCIENCES HOLDINGS CORPORATION        | INTEGRA LIFESCIENCES HOLDING COMMON STOCK | CUSIP: 457985208<br>LEI: WB7IJCYY8YFTENS4O147 | Long             | EC               |  | US        |     89600 | NS      | $1177344.00   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-31

**Name of Applicant:** THE ADVISORS' INNER CIRCLE FUND

**Signature:** Andrew Metzger

**Name of Signer:** Andrew Metzger

**Title:** Treasurer, Controller and Chief Financial Officer