# EDGAR Filing Document

**Accession Number:** 0000709364
**File Stem:** 0001752724-25-189554
**Filing Date:** 2025-8
**Character Count:** 76303
**Document Hash:** d62806ea4d939f9a11f1e2160c6fec79
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-189554.hdr.sgml**: 20250815

**ACCESSION NUMBER**: 0001752724-25-189554

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250815

**DATE AS OF CHANGE**: 20250815

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ROYCE FUND
- **CENTRAL INDEX KEY:** 0000709364

**ORGANIZATION NAME:**
- **EIN:** 133139046
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-03599
- **FILM NUMBER:** 251223205

**BUSINESS ADDRESS:**
- **STREET 1:** ONE MADISON AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10010
- **BUSINESS PHONE:** 2125084500

**MAIL ADDRESS:**
- **STREET 1:** ONE MADISON AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10010

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ROYCE VALUE FUND INC
- **DATE OF NAME CHANGE:** 19851103

## Series and Classes Contracts Data

### Royce Small-Cap Opportunity Fund (Series ID: S000009512)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000026012 | Consultant Class    | ROFCX           |
| C000026013 | Investment Class    | RYPNX           |
| C000026014 | Service Class       | RYOFX           |
| C000026015 | Institutional Class | ROFIX           |
| C000038081 | R Class             | ROFRX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** ROYCE FUND

- **b. Investment Company Act file number:** 811-03599

- **c. CIK number of Registrant:** 0000709364

- **d. LEI of Registrant:** 2549002ZQ3R56YQP4I31

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

  - **Street Address 1:** ONE MADISON AVENUE

  - **City:** NEW YORK

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10010

  - **Telephone number:** 212-508-4500

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

- **a. Name of Series:** Royce Small-Cap Opportunity Fund

- **b. EDGAR series identifier (if any):** S000009512

- **c. LEI of Series:** 254900Z31ISPHE5OH770

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

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-06-30

**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:** $1038976686.71

**Total Liabilities:** $3741996.23

**Net Assets:** $1035234690.48

**Cash Not Reported:** $46955.20

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000026015 | -4.39%               | 8.89%                | 7.26%                |
| Class ID C000038081 | -4.37%               | 8.77%                | 7.24%                |
| Class ID C000026014 | -4.40%               | 8.79%                | 7.29%                |
| Class ID C000026013 | -4.37%               | 8.83%                | 7.33%                |
| Class ID C000026012 | -4.46%               | 8.73%                | 7.19%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-8876290.74             | $-33813547.20                              |
| Month 2  | $8415768.05              | $72154118.38                               |
| Month 3  | $13733341.13             | $57604197.37                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| WESCO International Inc                 | WESCO International Inc                 | CUSIP: 95082P105<br>LEI: 529900TXOGREY3WNJ434 | Long             | EC               | CORP              | US        |     28572 | NS      | $5291534.40   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Astronics Corp                          | Astronics Corp                          | CUSIP: 046433108<br>LEI: 549300NNXCF8H4MSMK17 | Long             | EC               | CORP              | US        |    236974 | NS      | $7933889.52   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Quipt Home Medical Corp                 | Quipt Home Medical Corp                 | CUSIP: 74880P104<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |    486188 | NS      | $870276.52    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Dime Community Bancshares Inc           | Dime Community Bancshares Inc           | CUSIP: 25432X102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    187363 | NS      | $5047559.22   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| OneWater Marine Inc                     | OneWater Marine Inc                     | CUSIP: 68280L101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    286806 | NS      | $3840332.34   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| A10 Networks Inc                        | A10 Networks Inc                        | CUSIP: 002121101<br>LEI: 549300UQD4IWUML81Q35 | Long             | EC               | CORP              | US        |    393018 | NS      | $7604898.30   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Victoria's Secret & Co                  | Victoria's Secret & Co                  | CUSIP: 926400102<br>LEI: 5493006T3O70U3UWVF17 | Long             | EC               | CORP              | US        |    191374 | NS      | $3544246.48   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Primoris Services Corp                  | Primoris Services Corp                  | CUSIP: 74164F103<br>LEI: 549300UF3OLBJ8D5K349 | Long             | EC               | CORP              | US        |    108286 | NS      | $8439810.84   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Carpenter Technology Corp               | Carpenter Technology Corp               | CUSIP: 144285103<br>LEI: DX6I6ZD3X5WNNCDJKP85 | Long             | EC               | CORP              | US        |     13190 | NS      | $3645452.20   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Pursuit Attractions and Hospitality Inc | Pursuit Attractions and Hospitality Inc | CUSIP: 92552R406<br>LEI: 549300PXU4ZW7LPO5Y40 | Long             | EC               | CORP              | US        |    136789 | NS      | $3943626.87   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Aviat Networks Inc                      | Aviat Networks Inc                      | CUSIP: 05366Y201<br>LEI: 549300Z3X8Z4MK52CI65 | Long             | EC               | CORP              | US        |    339568 | NS      | $8166610.40   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Champion Homes Inc                      | Champion Homes Inc                      | CUSIP: 830830105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     97727 | NS      | $6118687.47   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Stoneridge Inc                          | Stoneridge Inc                          | CUSIP: 86183P102<br>LEI: PNBCIH9LE7WI83VJIF08 | Long             | EC               | CORP              | US        |    439103 | NS      | $3091285.12   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| SMARTRENT INC                           | SmartRent Inc                           | CUSIP: 83193G107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    466142 | NS      | $461480.58    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Evolent Health Inc                      | Evolent Health Inc                      | CUSIP: 30050B101<br>LEI: 549300CZOCFHQ2BBTR11 | Long             | EC               | CORP              | US        |    358599 | NS      | $4037824.74   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Vera Bradley Inc                        | Vera Bradley Inc                        | CUSIP: 92335C106<br>LEI: 52990005Q6LEJKXO7M51 | Long             | EC               | CORP              | US        |    349779 | NS      | $773011.59    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Kulicke & Soffa Industries Inc          | Kulicke & Soffa Industries Inc          | CUSIP: 501242101<br>LEI: 529900H6BEIRBF429744 | Long             | EC               | CORP              | US        |    103288 | NS      | $3573764.80   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Janus International Group Inc           | Janus International Group Inc           | CUSIP: 47103N106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    417888 | NS      | $3401608.32   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Arq Inc                                 | Arq Inc                                 | CUSIP: 00770C101<br>LEI: 52990086HRJSW2EZQH40 | Long             | EC               | CORP              | US        |    270924 | NS      | $1454861.88   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| V2X Inc                                 | V2X Inc                                 | CUSIP: 92242T101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    125448 | NS      | $6090500.40   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Evercore Inc                            | Evercore Inc                            | CUSIP: 29977A105<br>LEI: 529900P6KLPT95DW3W58 | Long             | EC               | CORP              | US        |     14747 | NS      | $3981984.94   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Amkor Technology Inc                    | Amkor Technology Inc                    | CUSIP: 031652100<br>LEI: 529900VHLRTKPWZJBM84 | Long             | EC               | CORP              | US        |    255868 | NS      | $5370669.32   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| LifeMD Inc                              | LifeMD Inc                              | CUSIP: 53216B104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    416347 | NS      | $5670646.14   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Metallus Inc                            | Metallus Inc                            | CUSIP: 887399103<br>LEI: 549300QZTZWHDE9HJL14 | Long             | EC               | CORP              | US        |    260439 | NS      | $4013364.99   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Mistras Group Inc                       | Mistras Group Inc                       | CUSIP: 60649T107<br>LEI: 5493000CMNXVLND3FU73 | Long             | EC               | CORP              | US        |    687386 | NS      | $5505961.86   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| VSE Corp                                | VSE Corp                                | CUSIP: 918284100<br>LEI: 549300QWJYQDH4U5XI15 | Long             | EC               | CORP              | US        |     42010 | NS      | $5502469.80   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Kelly Services Inc                      | Kelly Services Inc                      | CUSIP: 488152208<br>LEI: 25490035B2ZPL6RM1974 | Long             | EC               | CORP              | US        |    301997 | NS      | $3536384.87   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Gibraltar Industries Inc                | Gibraltar Industries Inc                | CUSIP: 374689107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     51964 | NS      | $3065876.00   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Mayville Engineering Co Inc             | Mayville Engineering Co Inc             | CUSIP: 578605107<br>LEI: 9845008D43E42A7FC362 | Long             | EC               | CORP              | US        |    302004 | NS      | $4819983.84   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Ferroglobe PLC                          | Ferroglobe PLC                          | CUSIP: 000000000<br>LEI: 2138005GCFJACFTZUD90 | Long             | EC               | CORP              | GB        |    886309 | NS      | $3252754.03   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Scorpio Tankers Inc                     | Scorpio Tankers Inc                     | CUSIP: 000000000<br>LEI: 549300NVJUH16NXG8K87 | Long             | EC               | CORP              | MH        |    108672 | NS      | $4252335.36   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Lionsgate Studios Corp                  | Lionsgate Studios Corp                  | CUSIP: 53626N102<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |    735890 | NS      | $4275520.90   | 0.41%             |  |  |  | No            |                  1 | On Loan: —       |
| Marex Group PLC                         | Marex Group PLC                         | CUSIP: 000000000<br>LEI: 549300DWX0SVICJAL507 | Long             | EC               | CORP              | GB        |    104061 | NS      | $4107287.67   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Walker & Dunlop Inc                     | Walker & Dunlop Inc                     | CUSIP: 93148P102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     44154 | NS      | $3111973.92   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Orion Group Holdings Inc                | Orion Group Holdings Inc                | CUSIP: 68628V308<br>LEI: 549300KBVXPV9Q3CT222 | Long             | EC               | CORP              | US        |    902345 | NS      | $8184269.15   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Luxfer Holdings PLC                     | Luxfer Holdings PLC                     | CUSIP: 000000000<br>LEI: 21380045UF5SJYZOXE41 | Long             | EC               | CORP              | GB        |    584881 | NS      | $7123850.58   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Xperi Inc                               | Xperi Inc                               | CUSIP: 98423J101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    288072 | NS      | $2278649.52   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Customers Bancorp Inc                   | Customers Bancorp Inc                   | CUSIP: 23204G100<br>LEI: 549300WLBCHYKZ53FN68 | Long             | EC               | CORP              | US        |     98771 | NS      | $5801808.54   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Artisan Partners Asset Management Inc   | Artisan Partners Asset Management Inc   | CUSIP: 04316A108<br>LEI: 549300T1FUI6JF63XU51 | Long             | EC               | CORP              | US        |    146702 | NS      | $6503299.66   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| SiteOne Landscape Supply Inc            | SiteOne Landscape Supply Inc            | CUSIP: 82982L103<br>LEI: 5299008LX7SBD4HIAU03 | Long             | EC               | CORP              | US        |     32452 | NS      | $3924744.88   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| LiveRamp Holdings Inc                   | LiveRamp Holdings Inc                   | CUSIP: 53815P108<br>LEI: 254900GXS75LG1X7RF88 | Long             | EC               | CORP              | US        |    134877 | NS      | $4456336.08   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Powerfleet Inc NJ                       | Powerfleet Inc NJ                       | CUSIP: 73931J109<br>LEI: 2549007NKEFPYEH4MF81 | Long             | EC               | CORP              | US        |    823893 | NS      | $3550978.83   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| American Superconductor Corp            | American Superconductor Corp            | CUSIP: 030111207<br>LEI: 549300S9YT8Z8LOK4452 | Long             | EC               | CORP              | US        |    213016 | NS      | $7815557.04   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Noranda Aluminum Holding Corp           | Noranda Aluminum Holding Corp           | CUSIP: 65542W206<br>LEI: 5493002XKIUDJWJUU032 | Long             | EC               | CORP              | US        |    488157 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Resources Connection Inc                | Resources Connection Inc                | CUSIP: 76122Q105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    632011 | NS      | $3393899.07   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| OptimizeRx Corp                         | OptimizeRx Corp                         | CUSIP: 68401U204<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    431829 | NS      | $5829691.50   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Alignment Healthcare Inc                | Alignment Healthcare Inc                | CUSIP: 01625V104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    224965 | NS      | $3149510.00   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Harrow Inc                              | Harrow Inc                              | CUSIP: 415858109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    153398 | NS      | $4684774.92   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Hub Group Inc                           | Hub Group Inc                           | CUSIP: 443320106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     94640 | NS      | $3163815.20   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Capri Holdings Ltd                      | Capri Holdings Ltd                      | CUSIP: 000000000<br>LEI: 549300LPG8W0H1OX3A26 | Long             | EC               | CORP              | VG        |    137631 | NS      | $2436068.70   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Cohu Inc                                | Cohu Inc                                | CUSIP: 192576106<br>LEI: 529900FJPORJ3JJ2XS33 | Long             | EC               | CORP              | US        |    284096 | NS      | $5466007.04   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Select Medical Holdings Corp            | Select Medical Holdings Corp            | CUSIP: 81619Q105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    165492 | NS      | $2512168.56   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| QuinStreet Inc                          | QuinStreet Inc                          | CUSIP: 74874Q100<br>LEI: 549300TP8MFBFPOS4Y78 | Long             | EC               | CORP              | US        |    306117 | NS      | $4928483.70   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Herc Holdings Inc                       | Herc Holdings Inc                       | CUSIP: 42704L104<br>LEI: 549300TP80QLITMSBP82 | Long             | EC               | CORP              | US        |     25933 | NS      | $3415116.77   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Capstone Copper Corp                    | Capstone Copper Corp                    | CUSIP: 14071L108<br>LEI: 549300III6KGKKC42W63 | Long             | EC               | CORP              | CA        |   1026875 | NS      | $6304149.07   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Clearfield Inc                          | Clearfield Inc                          | CUSIP: 18482P103<br>LEI: 529900M4S2OQ1ADPR537 | Long             | EC               | CORP              | US        |    121021 | NS      | $5253521.61   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Federated Government Obligations Fund   | Federated Government Obligations Fund   | CUSIP: 60934N807<br>LEI: 254900VAJ9169N7JRF45 | Long             | STIV             | RF                | US        |   2453227 | NS      | $2453226.64   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Energy Industries Inc          | Advanced Energy Industries Inc          | CUSIP: 007973100<br>LEI: 549300756XI3QLFT2U27 | Long             | EC               | CORP              | US        |     34886 | NS      | $4622395.00   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Modine Manufacturing Co                 | Modine Manufacturing Co                 | CUSIP: 607828100<br>LEI: Z35SZFYJR8GZZRSIUU09 | Long             | EC               | CORP              | US        |     77869 | NS      | $7670096.50   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Leonardo DRS Inc                        | Leonardo DRS Inc                        | CUSIP: 52661A108<br>LEI: 549300HMMEWVG3PPQU18 | Long             | EC               | CORP              | US        |    181482 | NS      | $8435283.36   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Victory Capital Holdings Inc            | Victory Capital Holdings Inc            | CUSIP: 92645B103<br>LEI: 549300BN5LH2CIPPHS71 | Long             | EC               | CORP              | US        |    127806 | NS      | $8137408.02   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Tri Pointe Homes Inc                    | Tri Pointe Homes Inc                    | CUSIP: 87265H109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    147510 | NS      | $4712944.50   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Fox Factory Holding Corp                | Fox Factory Holding Corp                | CUSIP: 35138V102<br>LEI: 529900GE1HSV0617R721 | Long             | EC               | CORP              | US        |     21980 | NS      | $570161.20    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Coherent Corp                           | Coherent Corp                           | CUSIP: 19247G107<br>LEI: 549300O5C25A0MMHHU33 | Long             | EC               | CORP              | US        |     84104 | NS      | $7502917.84   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Bridge Investment Group Holdings Inc    | Bridge Investment Group Holdings Inc    | CUSIP: 10806B100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    387699 | NS      | $3880866.99   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Axos Financial Inc                      | Axos Financial Inc                      | CUSIP: 05465C100<br>LEI: 529900D8M56422GK9O25 | Long             | EC               | CORP              | US        |     41364 | NS      | $3145318.56   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Udemy Inc                               | Udemy Inc                               | CUSIP: 902685106<br>LEI: 2549000T304QU9SAM180 | Long             | EC               | CORP              | US        |       381 | NS      | $2678.43      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Wabash National Corp                    | Wabash National Corp                    | CUSIP: 929566107<br>LEI: 5299004ZAWHQZI5XO485 | Long             | EC               | CORP              | US        |    419658 | NS      | $4460964.54   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Gogo Inc                                | Gogo Inc                                | CUSIP: 38046C109<br>LEI: 549300VL3DIHSFHYTO04 | Long             | EC               | CORP              | US        |    320007 | NS      | $4697702.76   | 0.45%             |  |  |  | No            |                  1 | On Loan: —       |
| Kennedy-Wilson Holdings Inc             | Kennedy-Wilson Holdings Inc             | CUSIP: 489398107<br>LEI: 549300MOI1T78144X610 | Long             | EC               | CORP              | US        |    468115 | NS      | $3183182.00   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Patterson-UTI Energy Inc                | Patterson-UTI Energy Inc                | CUSIP: 703481101<br>LEI: 254900XGFBKIXD6G0697 | Long             | EC               | CORP              | US        |    738555 | NS      | $4379631.15   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| inTEST Corp                             | inTEST Corp                             | CUSIP: 461147100<br>LEI: 549300RJJBPHDOAVDU15 | Long             | EC               | CORP              | US        |    493017 | NS      | $3589163.76   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Knowles Corp                            | Knowles Corp                            | CUSIP: 49926D109<br>LEI: 5493003EO323TDZQU148 | Long             | EC               | CORP              | US        |    476587 | NS      | $8397462.94   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Radiant Logistics Inc                   | Radiant Logistics Inc                   | CUSIP: 75025X100<br>LEI: 549300HWCW2HBOG4GN20 | Long             | EC               | CORP              | US        |    758704 | NS      | $4612920.32   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Ranger Energy Services Inc              | Ranger Energy Services Inc              | CUSIP: 75282U104<br>LEI: 549300J7RIVGVAN0RE23 | Long             | EC               | CORP              | US        |    366512 | NS      | $4376153.28   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Solaris Energy Infrastructure Inc       | Solaris Energy Infrastructure Inc       | CUSIP: 83418M103<br>LEI: 529900MTK3C8Y8TIIC10 | Long             | EC               | CORP              | US        |    283178 | NS      | $8011105.62   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| AdaptHealth Corp                        | AdaptHealth Corp                        | CUSIP: 00653Q102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    583909 | NS      | $5506261.87   | 0.53%             |  |  |  | No            |                  1 | On Loan: —       |
| DHI Group Inc                           | DHI Group Inc                           | CUSIP: 23331S100<br>LEI: 529900489RAC0CU0AO81 | Long             | EC               | CORP              | US        |   1147986 | NS      | $3409518.42   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| CTS Corp                                | CTS Corp                                | CUSIP: 126501105<br>LEI: 549300YV1HQLBVHOI649 | Long             | EC               | CORP              | US        |    131034 | NS      | $5583358.74   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Archrock Inc                            | Archrock Inc                            | CUSIP: 03957W106<br>LEI: 549300K3RIHMHDVFTL28 | Long             | EC               | CORP              | US        |    137268 | NS      | $3408364.44   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| I3 Verticals Inc                        | I3 Verticals Inc                        | CUSIP: 46571Y107<br>LEI: 549300944CYWVP06CJ97 | Long             | EC               | CORP              | US        |    215703 | NS      | $5927518.44   | 0.57%             |  |  |  | No            |                  1 | On Loan: —       |
| ProPetro Holding Corp                   | ProPetro Holding Corp                   | CUSIP: 74347M108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    532813 | NS      | $3180893.61   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Sealed Air Corp                         | Sealed Air Corp                         | CUSIP: 81211K100<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | EC               | CORP              | US        |     99527 | NS      | $3088322.81   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Shyft Group Inc/The                     | Shyft Group Inc/The                     | CUSIP: 825698103<br>LEI: 549300YY0TB51BGRV994 | Long             | EC               | CORP              | US        |    398496 | NS      | $4997139.84   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| First Foundation Inc                    | First Foundation Inc                    | CUSIP: 32026V104<br>LEI: 254900TQZQ6LBCK77E82 | Long             | EC               | CORP              | US        |    550202 | NS      | $2806030.20   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Concrete Pumping Holdings Inc           | Concrete Pumping Holdings Inc           | CUSIP: 206704108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    556073 | NS      | $3419848.95   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Mattr Corp                              | Mattr Corp                              | CUSIP: 57722Y102<br>LEI: 549300KP4U2Z1IKXOL88 | Long             | EC               | CORP              | CA        |    154144 | NS      | $1359478.20   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Century Communities Inc                 | Century Communities Inc                 | CUSIP: 156504300<br>LEI: 5299002QMB2O7ZL1CA26 | Long             | EC               | CORP              | US        |     52627 | NS      | $2963952.64   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Grid Dynamics Holdings Inc              | Grid Dynamics Holdings Inc              | CUSIP: 39813G109<br>LEI: 9845007E77EEC65AZE29 | Long             | EC               | CORP              | US        |    362026 | NS      | $4181400.30   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Ag Growth International Inc             | Ag Growth International Inc             | CUSIP: 001181106<br>LEI: 549300ZCF9VG3Z4PHL09 | Long             | EC               | CORP              | CA        |    114559 | NS      | $3503860.73   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| BankUnited Inc                          | BankUnited Inc                          | CUSIP: 06652K103<br>LEI: 96OVUWEW5D4YX6PFXD91 | Long             | EC               | CORP              | US        |    217072 | NS      | $7725592.48   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| WNS Holdings Ltd                        | WNS Holdings Ltd                        | CUSIP: 000000000<br>LEI: 529900RM7QHUD3W9DM42 | Long             | EC               | CORP              | JE        |     95941 | NS      | $6067308.84   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Gilat Satellite Networks Ltd            | Gilat Satellite Networks Ltd            | CUSIP: 000000000<br>LEI: 529900RVHDCYJ5YWHP12 | Long             | EC               | CORP              | IL        |    570559 | NS      | $4045263.31   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Resideo Technologies Inc                | Resideo Technologies Inc                | CUSIP: 76118Y104<br>LEI: 5493006TKFPYISY2DS54 | Long             | EC               | CORP              | US        |    338124 | NS      | $7459015.44   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| AngioDynamics Inc                       | AngioDynamics Inc                       | CUSIP: 03475V101<br>LEI: 549300W3VKC5ZKMO8C28 | Long             | EC               | CORP              | US        |    527442 | NS      | $5232224.64   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Cavco Industries Inc                    | Cavco Industries Inc                    | CUSIP: 149568107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9874 | NS      | $4289561.82   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Insteel Industries Inc                  | Insteel Industries Inc                  | CUSIP: 45774W108<br>LEI: 52990026LKY4MOX3L174 | Long             | EC               | CORP              | US        |     73764 | NS      | $2744758.44   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Alpha & Omega Semiconductor Ltd         | Alpha & Omega Semiconductor Ltd         | CUSIP: 000000000<br>LEI: 5493001FE7J03YOV2V35 | Long             | EC               | CORP              | BM        |    162429 | NS      | $4167928.14   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Patrick Industries Inc                  | Patrick Industries Inc                  | CUSIP: 703343103<br>LEI: 549300FZ5ZTCCJ3Z5W14 | Long             | EC               | CORP              | US        |     50904 | NS      | $4696912.08   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| TrueBlue Inc                            | TrueBlue Inc                            | CUSIP: 89785X101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    915896 | NS      | $5935006.08   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Ultra Clean Holdings Inc                | Ultra Clean Holdings Inc                | CUSIP: 90385V107<br>LEI: 5493007L6LS7QX18PE75 | Long             | EC               | CORP              | US        |    325833 | NS      | $7354050.81   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| DNOW Inc                                | DNOW Inc                                | CUSIP: 67011P100<br>LEI: 549300AVH5SOCFVVDW91 | Long             | EC               | CORP              | US        |    244966 | NS      | $3632845.78   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| IMAX Corp                               | IMAX Corp                               | CUSIP: 45245E109<br>LEI: 5493002KS2T1Q0X7VZ21 | Long             | EC               | CORP              | CA        |    162828 | NS      | $4552670.88   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Identiv Inc                             | Identiv Inc                             | CUSIP: 45170X205<br>LEI: 5299008KH3C585Z0DS77 | Long             | EC               | CORP              | US        |    657008 | NS      | $2141846.08   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Titan International Inc                 | Titan International Inc                 | CUSIP: 88830M102<br>LEI: 254900CXRGBE7C4B5A06 | Long             | EC               | CORP              | US        |    308019 | NS      | $3163355.13   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Optoelectronics Inc             | Applied Optoelectronics Inc             | CUSIP: 03823U102<br>LEI: 529900I8U6Q5SYDNLT48 | Long             | EC               | CORP              | US        |    317652 | NS      | $8160479.88   | 0.79%             |  |  |  | No            |                  1 | On Loan: —       |
| Hilltop Holdings Inc                    | Hilltop Holdings Inc                    | CUSIP: 432748101<br>LEI: 54930010TA543US0PM65 | Long             | EC               | CORP              | US        |    130349 | NS      | $3956092.15   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| EverQuote Inc                           | EverQuote Inc                           | CUSIP: 30041R108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    181335 | NS      | $4384680.30   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Amentum Holdings Inc                    | Amentum Holdings Inc                    | CUSIP: 023939101<br>LEI: 2549009FJIBLW40CU216 | Long             | EC               | CORP              | US        |    178482 | NS      | $4213960.02   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Magnite Inc                             | Magnite Inc                             | CUSIP: 55955D100<br>LEI: 54930018FR2YX1HHSB02 | Long             | EC               | CORP              | US        |    305275 | NS      | $7363233.00   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Tronox Holdings PLC                     | Tronox Holdings PLC                     | CUSIP: 000000000<br>LEI: 549300NRVC84SGJSXV06 | Long             | EC               | CORP              | GB        |    457822 | NS      | $2321157.54   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Thryv Holdings Inc                      | Thryv Holdings Inc                      | CUSIP: 886029206<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    204950 | NS      | $2492192.00   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| ATI Inc                                 | ATI Inc                                 | CUSIP: 01741R102<br>LEI: ZW1LRE7C3H17O2ZN9B45 | Long             | EC               | CORP              | US        |     88944 | NS      | $7679424.96   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| NPK International Inc                   | NPK International Inc                   | CUSIP: 651718504<br>LEI: 54930073OHWDQW4DJN26 | Long             | EC               | CORP              | US        |    729570 | NS      | $6208640.70   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Select Water Solutions Inc              | Select Water Solutions Inc              | CUSIP: 81617J301<br>LEI: 54930094OK8LA3QDW486 | Long             | EC               | CORP              | US        |    893271 | NS      | $7717861.44   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| BWX Technologies Inc                    | BWX Technologies Inc                    | CUSIP: 05605H100<br>LEI: 549300NP85N265KWMS58 | Long             | EC               | CORP              | US        |     56138 | NS      | $8087240.28   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Vishay Intertechnology Inc              | Vishay Intertechnology Inc              | CUSIP: 928298108<br>LEI: 5493009O8F3QQJTCQR75 | Long             | EC               | CORP              | US        |    181032 | NS      | $2874788.16   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Construction Partners Inc               | Construction Partners Inc               | CUSIP: 21044C107<br>LEI: 549300MHLFL4E8JLZU44 | Long             | EC               | CORP              | US        |     74496 | NS      | $7917434.88   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Lakeland Industries Inc                 | Lakeland Industries Inc                 | CUSIP: 511795106<br>LEI: 549300HGP70IM9WKU164 | Long             | EC               | CORP              | US        |    425787 | NS      | $5794961.07   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Kopin Corp                              | Kopin Corp                              | CUSIP: 500600101<br>LEI: 52990031GUBB61RXCD89 | Long             | EC               | CORP              | US        |   2766295 | NS      | $4232431.35   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Axcelis Technologies Inc                | Axcelis Technologies Inc                | CUSIP: 054540208<br>LEI: 529900HF9B6NL1QG9F05 | Long             | EC               | CORP              | US        |     61658 | NS      | $4296946.02   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Comstock Resources Inc                  | Comstock Resources Inc                  | CUSIP: 205768302<br>LEI: I03QQGEA4SS774AURI46 | Long             | EC               | CORP              | US        |    250279 | NS      | $6925219.93   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Kyndryl Holdings Inc                    | Kyndryl Holdings Inc                    | CUSIP: 50155Q100<br>LEI: 549300LQ4LWX2R8ZV130 | Long             | EC               | CORP              | US        |    206330 | NS      | $8657606.80   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| ADTRAN Holdings Inc                     | ADTRAN Holdings Inc                     | CUSIP: 00486H105<br>LEI: 549300VV36J86CRRWF77 | Long             | EC               | CORP              | US        |    614117 | NS      | $5508629.49   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| IPG Photonics Corp                      | IPG Photonics Corp                      | CUSIP: 44980X109<br>LEI: 5493002KZ51CADQ94G15 | Long             | EC               | CORP              | US        |     76911 | NS      | $5279940.15   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| SandRidge Energy Inc                    | SandRidge Energy Inc                    | CUSIP: 80007P869<br>LEI: W1MKPVGS6I5155L7VV67 | Long             | EC               | CORP              | US        |    493703 | NS      | $5341866.46   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Ribbon Communications Inc               | Ribbon Communications Inc               | CUSIP: 762544104<br>LEI: 549300L1E8Z8RL7CUL52 | Long             | EC               | CORP              | US        |   1595044 | NS      | $6396126.44   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Titan Machinery Inc                     | Titan Machinery Inc                     | CUSIP: 88830R101<br>LEI: 549300835ZM8G0BT5C94 | Long             | EC               | CORP              | US        |    168336 | NS      | $3334736.16   | 0.32%             |  |  |  | No            |                  1 | On Loan: —       |
| Kosmos Energy Ltd                       | Kosmos Energy Ltd                       | CUSIP: 500688106<br>LEI: 213800YDFJ3OT9B5P157 | Long             | EC               | CORP              | US        |   1066858 | NS      | $1834995.76   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Dillard's Inc                           | Dillard's Inc                           | CUSIP: 254067101<br>LEI: 529900FGYKMWL6019P91 | Long             | EC               | CORP              | US        |     13997 | NS      | $5848366.51   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Oil & Gas Inc                  | Northern Oil & Gas Inc                  | CUSIP: 665531307<br>LEI: OKFF0PIZDDMNH4UCYE51 | Long             | EC               | CORP              | US        |    137976 | NS      | $3911619.60   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Matrix Service Co                       | Matrix Service Co                       | CUSIP: 576853105<br>LEI: 529900VYBKSX6HD2YW58 | Long             | EC               | CORP              | US        |    384927 | NS      | $5200363.77   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Major Drilling Group International Inc  | Major Drilling Group International Inc  | CUSIP: 560909103<br>LEI: 549300O1MNHCX2FUBC21 | Long             | EC               | CORP              | CA        |    855733 | NS      | $5567684.51   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Organon & Co                            | Organon & Co                            | CUSIP: 68622V106<br>LEI: 549300AMCKY57OK2CO56 | Long             | EC               | CORP              | US        |    376249 | NS      | $3642090.32   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Privia Health Group Inc                 | Privia Health Group Inc                 | CUSIP: 74276R102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    211717 | NS      | $4869491.00   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| SunOpta Inc                             | SunOpta Inc                             | CUSIP: 8676EP108<br>LEI: 54930010CP0KEPPRPA40 | Long             | EC               | CORP              | CA        |    800823 | NS      | $4644773.40   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| AAR Corp                                | AAR Corp                                | CUSIP: 000361105<br>LEI: MP76T5YQX3YK5VVAQ802 | Long             | EC               | CORP              | US        |    109485 | NS      | $7531473.15   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| CECO Environmental Corp                 | CECO Environmental Corp                 | CUSIP: 125141101<br>LEI: 5493002CZCTL4HGLIY91 | Long             | EC               | CORP              | US        |    300077 | NS      | $8495179.87   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Abacus Global Management Inc            | Abacus Global Management Inc            | CUSIP: 00258Y104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    670982 | NS      | $3448847.48   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Criteo SA                               | Criteo SA                               | CUSIP: 226718104<br>LEI: 969500EELFB4RDMFHA76 | Long             | EC               | CORP              | FR        |    167657 | NS      | $4017061.72   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| CareDx Inc                              | CareDx Inc                              | CUSIP: 14167L103<br>LEI: 549300NQOFKL9NON0U06 | Long             | EC               | CORP              | US        |    132510 | NS      | $2589245.40   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Perella Weinberg Partners               | Perella Weinberg Partners               | CUSIP: 71367G102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    339074 | NS      | $6584817.08   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| FormFactor Inc                          | FormFactor Inc                          | CUSIP: 346375108<br>LEI: 549300YCEEO6SZD1ZR61 | Long             | EC               | CORP              | US        |    194947 | NS      | $6708126.27   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Ducommun Inc                            | Ducommun Inc                            | CUSIP: 264147109<br>LEI: 549300Z71HMWF90S2214 | Long             | EC               | CORP              | US        |     80873 | NS      | $6682535.99   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Trinity Industries Inc                  | Trinity Industries Inc                  | CUSIP: 896522109<br>LEI: R1JB4KXN77XFCXOQKV49 | Long             | EC               | CORP              | US        |    212985 | NS      | $5752724.85   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Helios Technologies Inc                 | Helios Technologies Inc                 | CUSIP: 42328H109<br>LEI: 5493000BCJSMIDRNTI78 | Long             | EC               | CORP              | US        |    156742 | NS      | $5230480.54   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Apyx Medical Corp                       | Apyx Medical Corp                       | CUSIP: 03837C106<br>LEI: 5299009QZVYUYO082S45 | Long             | EC               | CORP              | US        |    730112 | NS      | $1642752.00   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| GDI Integrated Facility Services Inc    | GDI Integrated Facility Services Inc    | CUSIP: 361569205<br>LEI: 549300OQ1BQ4IS3Q8Y59 | Long             | EC               | CORP              | CA        |     99631 | NS      | $2318565.37   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Seacoast Banking Corp of Florida        | Seacoast Banking Corp of Florida        | CUSIP: 811707801<br>LEI: 549300V6IC06XYQYPG88 | Long             | EC               | CORP              | US        |    255284 | NS      | $7050944.08   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Veeco Instruments Inc                   | Veeco Instruments Inc                   | CUSIP: 922417100<br>LEI: 5493004201F72ADDZW04 | Long             | EC               | CORP              | US        |    275941 | NS      | $5607121.12   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Century Casinos Inc                     | Century Casinos Inc                     | CUSIP: 156492100<br>LEI: 549300H2L4Y24HXY7M50 | Long             | EC               | CORP              | US        |    417984 | NS      | $884036.16    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Taylor Morrison Home Corp               | Taylor Morrison Home Corp               | CUSIP: 87724P106<br>LEI: 5299009UDLLGLKOOJE30 | Long             | EC               | CORP              | US        |    104313 | NS      | $6406904.46   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Business First Bancshares Inc           | Business First Bancshares Inc           | CUSIP: 12326C105<br>LEI: 549300ILTC50KHDX4A08 | Long             | EC               | CORP              | US        |    298070 | NS      | $7347425.50   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Flowco Holdings Inc                     | Flowco Holdings Inc                     | CUSIP: 342909108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     97895 | NS      | $1743509.95   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| nLight Inc                              | nLight Inc                              | CUSIP: 65487K100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    410957 | NS      | $8087633.76   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Twin Disc Inc                           | Twin Disc Inc                           | CUSIP: 901476101<br>LEI: 549300FR8EHCY14BLP32 | Long             | EC               | CORP              | US        |     11104 | NS      | $98048.32     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Endava PLC                              | Endava PLC                              | CUSIP: 29260V105<br>LEI: 213800JJ6CRPCWCQVZ25 | Long             | EC               | CORP              | GB        |    185918 | NS      | $2848263.76   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Arlo Technologies Inc                   | Arlo Technologies Inc                   | CUSIP: 04206A101<br>LEI: 549300T4EUX2OQ75HV52 | Long             | EC               | CORP              | US        |    414025 | NS      | $7021864.00   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Ichor Holdings Ltd                      | Ichor Holdings Ltd                      | CUSIP: 000000000<br>LEI: 529900PS8R2JVLJ2H892 | Long             | EC               | CORP              | KY        |    381919 | NS      | $7500889.16   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| AMG Critical Materials NV               | AMG Critical Materials NV               | CUSIP: 000000000<br>LEI: 5493006MN6OH67U2YI74 | Long             | EC               | CORP              | NL        |    217732 | NS      | $5591210.60   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| J Jill Inc                              | J Jill Inc                              | CUSIP: 46620W201<br>LEI: 529900I19PJIF8MIDL12 | Long             | EC               | CORP              | US        |    295210 | NS      | $4321874.40   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| American Public Education Inc           | American Public Education Inc           | CUSIP: 02913V103<br>LEI: 254900GZNX6TJQGM4S17 | Long             | EC               | CORP              | US        |    174457 | NS      | $5313960.22   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| TETRA Technologies Inc                  | TETRA Technologies Inc                  | CUSIP: 88162F105<br>LEI: 549300T5W131705EK832 | Long             | EC               | CORP              | US        |    683160 | NS      | $2295417.60   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Viant Technology Inc                    | Viant Technology Inc                    | CUSIP: 92557A101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    317361 | NS      | $4198686.03   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlas Energy Solutions Inc              | Atlas Energy Solutions Inc              | CUSIP: 642045108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    233342 | NS      | $3119782.54   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Stratasys Ltd                           | Stratasys Ltd                           | CUSIP: 000000000<br>LEI: 529900MU215GIP9SZ741 | Long             | EC               | CORP              | IL        |    312625 | NS      | $3585808.75   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Fixed Income Clearing Corp              | FIXED INC CLEARING CORP.REPO            | CUSIP: 000000000<br>LEI: 549300H47WTHXPU08X20 | Long             | RA               | CORP              | US        |  25473379 | PA      | $25473379.15  | 2.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Advance Auto Parts Inc                  | Advance Auto Parts Inc                  | CUSIP: 00751Y106<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | EC               | CORP              | US        |    142537 | NS      | $6626545.13   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| NeoGenomics Inc                         | NeoGenomics Inc                         | CUSIP: 64049M209<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    540508 | NS      | $3951113.48   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Comtech Telecommunications Corp         | Comtech Telecommunications Corp         | CUSIP: 205826209<br>LEI: 529900FTEZ8MGM0Y8F73 | Long             | EC               | CORP              | US        |    846303 | NS      | $2073442.35   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Beazer Homes USA Inc                    | Beazer Homes USA Inc                    | CUSIP: 07556Q881<br>LEI: 549300DUPYT2T0F60I45 | Long             | EC               | CORP              | US        |    187826 | NS      | $4201667.62   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Garrett Motion Inc                      | Garrett Motion Inc                      | CUSIP: 366505105<br>LEI: 549300LS5WT7EMBNV724 | Long             | EC               | CORP              | US        |    313207 | NS      | $3291805.57   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Navigator Holdings Ltd                  | Navigator Holdings Ltd                  | CUSIP: 000000000<br>LEI: 213800H7RVOFYARK2W19 | Long             | EC               | CORP              | MH        |    447833 | NS      | $6336836.95   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Intrepid Potash Inc                     | Intrepid Potash Inc                     | CUSIP: 46121Y201<br>LEI: 549300OZ696E2PRRTO45 | Long             | EC               | CORP              | US        |    104060 | NS      | $3718063.80   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Montrose Environmental Group Inc        | Montrose Environmental Group Inc        | CUSIP: 615111101<br>LEI: 254900ASI8K3LUB8Q958 | Long             | EC               | CORP              | US        |    339683 | NS      | $7435660.87   | 0.72%             |  |  |  | No            |                  1 | On Loan: —       |
| RadNet Inc                              | RadNet Inc                              | CUSIP: 750491102<br>LEI: 529900RECG94V2IZJ970 | Long             | EC               | CORP              | US        |     72027 | NS      | $4099056.57   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Azenta Inc                              | Azenta Inc                              | CUSIP: 114340102<br>LEI: 35ZN6X1ANPH25YN32Y17 | Long             | EC               | CORP              | US        |    179266 | NS      | $5517807.48   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Vishay Precision Group Inc              | Vishay Precision Group Inc              | CUSIP: 92835K103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    144523 | NS      | $4061096.30   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Kodiak Gas Services Inc                 | Kodiak Gas Services Inc                 | CUSIP: 50012A108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    164694 | NS      | $5644063.38   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Kratos Defense & Security Solutions Inc | Kratos Defense & Security Solutions Inc | CUSIP: 50077B207<br>LEI: 5493000EKBN0UY1F3F88 | Long             | EC               | CORP              | US        |    188818 | NS      | $8770596.10   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Ardmore Shipping Corp                   | Ardmore Shipping Corp                   | CUSIP: 000000000<br>LEI: 549300J8HD7K6BHD8O28 | Long             | EC               | CORP              | MH        |    444863 | NS      | $4270684.80   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| FTAI Infrastructure Inc                 | FTAI Infrastructure Inc                 | CUSIP: 35953C106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    902982 | NS      | $5571398.94   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Matador Resources Co                    | Matador Resources Co                    | CUSIP: 576485205<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | EC               | CORP              | US        |     60157 | NS      | $2870692.04   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Commercial Metals Co                    | Commercial Metals Co                    | CUSIP: 201723103<br>LEI: 549300OQS2LO07ZJ7N73 | Long             | EC               | CORP              | US        |    130627 | NS      | $6388966.57   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| NCR Atleos Corp                         | NCR Atleos Corp                         | CUSIP: 63001N106<br>LEI: 9845005FC3S0VA714741 | Long             | EC               | CORP              | US        |    242776 | NS      | $6926399.28   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Digi International Inc                  | Digi International Inc                  | CUSIP: 253798102<br>LEI: 529900KG656HGROI4N27 | Long             | EC               | CORP              | US        |    229065 | NS      | $7985205.90   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Astrana Health Inc                      | Astrana Health Inc                      | CUSIP: 03763A207<br>LEI: 5493008O4R82Q4STJ936 | Long             | EC               | CORP              | US        |    163603 | NS      | $4070442.64   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Moelis & Co                             | Moelis & Co                             | CUSIP: 60786M105<br>LEI: 549300891QNU7VTQUR83 | Long             | EC               | CORP              | US        |     50644 | NS      | $3156134.08   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| NWPX Infrastructure Inc                 | NWPX Infrastructure Inc                 | CUSIP: 667746101<br>LEI: 54930056VW2CRCZ9RE54 | Long             | EC               | CORP              | US        |    124060 | NS      | $5087700.60   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Mammoth Energy Services Inc             | Mammoth Energy Services Inc             | CUSIP: 56155L108<br>LEI: 549300ODHHN3MGXCQ803 | Long             | EC               | CORP              | US        |     34631 | NS      | $96966.80     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Concentra Group Holdings Parent Inc     | Concentra Group Holdings Parent Inc     | CUSIP: 20603L102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    140648 | NS      | $2893129.36   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Immersion Corp                          | Immersion Corp                          | CUSIP: 452521107<br>LEI: 529900AKNC1UAMQ2YB35 | Long             | EC               | CORP              | US        |     55310 | NS      | $435842.80    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| MarineMax Inc                           | MarineMax Inc                           | CUSIP: 567908108<br>LEI: 254900TIXTN8WY3FNN63 | Long             | EC               | CORP              | US        |    200605 | NS      | $5043209.70   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Healthcare Services Group Inc           | Healthcare Services Group Inc           | CUSIP: 421906108<br>LEI: 529900GVZ1D2FBYMS719 | Long             | EC               | CORP              | US        |    229149 | NS      | $3444109.47   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Encore Capital Group Inc                | Encore Capital Group Inc                | CUSIP: 292554102<br>LEI: 5493000UVC6H49CIH830 | Long             | EC               | CORP              | US        |     94648 | NS      | $3663824.08   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Enovis Corp                             | Enovis Corp                             | CUSIP: 194014502<br>LEI: 635400OP2DYYYMOIYL17 | Long             | EC               | CORP              | US        |    132939 | NS      | $4168967.04   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| IAC Inc                                 | IAC Inc                                 | CUSIP: 44891N208<br>LEI: 549300TO56L57RP6P031 | Long             | EC               | CORP              | US        |    149995 | NS      | $5600813.30   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Vermilion Energy Inc                    | Vermilion Energy Inc                    | CUSIP: 923725105<br>LEI: WT03B8BB1IX8WI9ZGV02 | Long             | EC               | CORP              | CA        |    519833 | NS      | $3794485.05   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| indie Semiconductor Inc                 | indie Semiconductor Inc                 | CUSIP: 45569U101<br>LEI: 254900L1MFXFYGB1PV53 | Long             | EC               | CORP              | US        |    856961 | NS      | $3050781.16   | 0.29%             |  |  |  | No            |                  1 | On Loan: —       |
| Aspen Aerogels Inc                      | Aspen Aerogels Inc                      | CUSIP: 04523Y105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    173035 | NS      | $1024367.20   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Limbach Holdings Inc                    | Limbach Holdings Inc                    | CUSIP: 53263P105<br>LEI: 254900EW8KXT5ZTWQI30 | Long             | EC               | CORP              | US        |     40451 | NS      | $5667185.10   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Community Health Systems Inc            | Community Health Systems Inc            | CUSIP: 203668108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    470626 | NS      | $1600128.40   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Artivion Inc                            | Artivion Inc                            | CUSIP: 228903100<br>LEI: 549300YTKV8DMSMG6K81 | Long             | EC               | CORP              | US        |    235204 | NS      | $7314844.40   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Starz Entertainment Corp                | Starz Entertainment Corp                | CUSIP: 855919106<br>LEI: 5493000JSMHPHZURLM72 | Long             | EC               | CORP              | CA        |    163244 | NS      | $2623331.08   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Five9 Inc                               | Five9 Inc                               | CUSIP: 338307101<br>LEI: 254900MXP6EWY0SFFR59 | Long             | EC               | CORP              | US        |    190632 | NS      | $5047935.36   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Energy Inc                      | Liberty Energy Inc                      | CUSIP: 53115L104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    290473 | NS      | $3334630.04   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Shoals Technologies Group Inc           | Shoals Technologies Group Inc           | CUSIP: 82489W107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    693694 | NS      | $2948199.50   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Canaccord Genuity Group Inc             | Canaccord Genuity Group Inc             | CUSIP: 134801109<br>LEI: 5493002DR5KW4JP7YS87 | Long             | EC               | CORP              | CA        |    882570 | NS      | $6714466.83   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Mercury Systems Inc                     | Mercury Systems Inc                     | CUSIP: 589378108<br>LEI: 549300P3B84SGK7HH679 | Long             | EC               | CORP              | US        |    127389 | NS      | $6861171.54   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Chart Industries Inc                    | Chart Industries Inc                    | CUSIP: 16115Q308<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | EC               | CORP              | US        |     35913 | NS      | $5913075.45   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Varex Imaging Corp                      | Varex Imaging Corp                      | CUSIP: 92214X106<br>LEI: 549300CWYWPVCT8E9W67 | Long             | EC               | CORP              | US        |    349176 | NS      | $3027355.92   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Baytex Energy Corp                      | Baytex Energy Corp                      | CUSIP: 07317Q105<br>LEI: 549300R5LTV2H7I1I079 | Long             | EC               | CORP              | CA        |   1530589 | NS      | $2739754.31   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| MRC Global Inc                          | MRC Global Inc                          | CUSIP: 55345K103<br>LEI: 529900TSBPOLCLI2L582 | Long             | EC               | CORP              | US        |    462083 | NS      | $6335157.93   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Penguin Solutions Inc                   | Penguin Solutions Inc                   | CUSIP: 000000000<br>LEI: 529900RDGHQY8XKXPN14 | Long             | EC               | CORP              | KY        |    350432 | NS      | $6942057.92   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Caleres Inc                             | Caleres Inc                             | CUSIP: 129500104<br>LEI: JFU6RQQJ8Z1CPOLBXQ18 | Long             | EC               | CORP              | US        |     25332 | NS      | $309557.04    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| M/I Homes Inc                           | M/I Homes Inc                           | CUSIP: 55305B101<br>LEI: 5299005M71FH9CCSFB69 | Long             | EC               | CORP              | US        |     30286 | NS      | $3395666.32   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Bioventus Inc                           | Bioventus Inc                           | CUSIP: 09075A108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    590844 | NS      | $3911387.28   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Onto Innovation Inc                     | Onto Innovation Inc                     | CUSIP: 683344105<br>LEI: 254900RXZVN73CHOO062 | Long             | EC               | CORP              | US        |     15009 | NS      | $1514858.37   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Ingevity Corp                           | Ingevity Corp                           | CUSIP: 45688C107<br>LEI: 5493009UTFC4B5IMGF87 | Long             | EC               | CORP              | US        |    118961 | NS      | $5126029.49   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| BayCom Corp                             | BayCom Corp                             | CUSIP: 07272M107<br>LEI: 549300UOLS54Q5ONIG33 | Long             | EC               | CORP              | US        |    227864 | NS      | $6314111.44   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-15

**Name of Applicant:** ROYCE FUND

**Signature:** John Schwartz

**Name of Signer:** John Schwartz

**Title:** Associate General Counsel