# EDGAR Filing Document

**Accession Number:** 0001965454
**File Stem:** 0000910472-25-001810
**Filing Date:** 2025-9
**Character Count:** 54094
**Document Hash:** ebd2b9ba45ceaecec0167f70efb77439
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-25-001810.hdr.sgml**: 20250929

**ACCESSION NUMBER**: 0000910472-25-001810

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250929

**DATE AS OF CHANGE**: 20250929

**PERIOD START**: 20260430

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Grandeur Peak Global Trust
- **CENTRAL INDEX KEY:** 0001965454

**ORGANIZATION NAME:**
- **EIN:** 922196433
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0430

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23852
- **FILM NUMBER:** 251354053

**BUSINESS ADDRESS:**
- **STREET 1:** 225 PICTORIA DR.
- **STREET 2:** SUITE 450
- **CITY:** CINCINNATI
- **STATE:** OH
- **ZIP:** 45246
- **BUSINESS PHONE:** 631-470-2688

**MAIL ADDRESS:**
- **STREET 1:** 225 PICTORIA DR.
- **STREET 2:** SUITE 450
- **CITY:** CINCINNATI
- **STATE:** OH
- **ZIP:** 45246

## Series and Classes Contracts Data

### Grandeur Peak Global Micro Cap Fund (Series ID: S000080370)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000242724 | Institutional Class | GPMCX           |

## Nport-Ex

<u>Grandeur Peak Global MicroCap Fund</u> <u>Portfolio of Investments</u> <br> July 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| | **Shares** | **Fair Value** |
| **COMMON STOCKS — 99.95%** | **COMMON STOCKS — 99.95%** | **COMMON STOCKS — 99.95%** |
| **Australia — 7.71%** | **Australia — 7.71%** | **Australia — 7.71%** |
| Fiducian Group Ltd | &nbsp;&nbsp;&nbsp;145610 | $1050832 |
| IPD Group Ltd/Australia<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;244615 | 554907 |
| Kelly Partners Group Holdings<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;31032 | 220560 |
| Kogan.com Ltd<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;383425 | 953573 |
| MA Financial Group Ltd | &nbsp;&nbsp;&nbsp;103418 | 542976 |
| Navigator Global Investments Limited<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;228258 | 280904 |
|  |  | 3603752 |
| **Belgium — 0.53%** | **Belgium — 0.53%** | **Belgium — 0.53%** |
| X-Fab Silicon Foundries S.E. 144A<sup>(a)(b)(c)</sup> | &nbsp;&nbsp;&nbsp;34079 | 248841 |
| **Brazil — 1.02%** | **Brazil — 1.02%** | **Brazil — 1.02%** |
| Armac Locacao Logistica | &nbsp;&nbsp;&nbsp;163200 | 102878 |
| BR Advisory Partners | &nbsp;&nbsp;&nbsp;74100 | 205371 |
| Track & Field Co SA | &nbsp;&nbsp;&nbsp;64700 | 167879 |
|  |  | 476128 |
| **Canada — 0.84%** | **Canada — 0.84%** | **Canada — 0.84%** |
| BioSyent Inc | &nbsp;&nbsp;&nbsp;48100 | 392618 |
| **China — 0.95%** | **China — 0.95%** | **China — 0.95%** |
| Chaoju Eye Care Holdings Ltd 144A<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp;452000 | 171012 |
| TK Group Holdings Ltd | &nbsp;&nbsp;&nbsp;877400 | 272721 |
|  |  | 443733 |
| **Finland — 0.41%** | **Finland — 0.41%** | **Finland — 0.41%** |
| Revenio Group Oyj | &nbsp;&nbsp;&nbsp;6394 | 192010 |
| **France — 2.47%** | **France — 2.47%** | **France — 2.47%** |
| Neurones SA | &nbsp;&nbsp;&nbsp;4051 | 200052 |
| Sidetrade<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;713 | 182361 |
| Thermador Groupe | &nbsp;&nbsp;&nbsp;4607 | 430295 |
| Wavestone | &nbsp;&nbsp;&nbsp;5180 | 343639 |
|  |  | 1156347 |
| **Germany — 0.70%** | **Germany — 0.70%** | **Germany — 0.70%** |
| Mensch und Maschine Software S | &nbsp;&nbsp;&nbsp;5555 | 325384 |
| **Greece — 2.51%** | **Greece — 2.51%** | **Greece — 2.51%** |
| Kri-Kri Milk Industry SA | &nbsp;&nbsp;&nbsp;25593 | 548213 |
| Sarantis SA | &nbsp;&nbsp;&nbsp;40988 | 627128 |
|  |  | 1175341 |
| **Hong Kong — 0.60%** | **Hong Kong — 0.60%** | **Hong Kong — 0.60%** |
| Plover Bay Tech<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;331900 | 281587 |
| **India — 6.77%** | **India — 6.77%** | **India — 6.77%** |
| Dr Agarwal's Eye Hospital Ltd | &nbsp;&nbsp;&nbsp;3024 | 151451 |
| Ecos India Mobility & Hospital<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;96000 | 338277 |
| GHCL Limited<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;26000 | 177350 |
| Gulf Oil Lubricants India Ltd. | &nbsp;&nbsp;&nbsp;34095 | 471056 |
| Indigo Paints Ltd | &nbsp;&nbsp;&nbsp;26458 | 362882 |
| Ksolves India Ltd. | &nbsp;&nbsp;&nbsp;26732 | 98688 |
| SJS Enterprises Ltd<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;15525 | 217759 |
| Supriya Lifescience Ltd<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;19000 | 143598 |
| Vaibhav Global Ltd | &nbsp;&nbsp;&nbsp;80463 | 209424 |
| Vimta Labs Ltd<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;71254 | 564745 |
| Yatharth Hospital<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;58000 | 426883 |
|  |  | 3162113 |
| **Indonesia — 2.01%** | **Indonesia — 2.01%** | **Indonesia — 2.01%** |
| Arwana Citramulia Tbk P.T. | &nbsp;&nbsp;&nbsp;3364400 | 119580 |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Fair Value** |
| **COMMON STOCKS — 99.95% (continued)** | **COMMON STOCKS — 99.95% (continued)** | **COMMON STOCKS — 99.95% (continued)** |
| **Indonesia — 2.01% (continued)** | **Indonesia — 2.01% (continued)** | **Indonesia — 2.01% (continued)** |
| Aspirasi Hidup Ind | &nbsp;&nbsp;&nbsp;4810100 | $137357 |
| Hartadinata Abadi Tbk PT<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;10658500 | 404737 |
| Selamat Sempurna Tbk PT | &nbsp;&nbsp;&nbsp;2309700 | 278556 |
|  |  | 940230 |
| **Italy — 0.68%** | **Italy — 0.68%** | **Italy — 0.68%** |
| Pharmanutra SpA<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;6049 | 317369 |
| **Japan — 24.83%** | **Japan — 24.83%** | **Japan — 24.83%** |
| AZOOM Co Ltd | &nbsp;&nbsp;&nbsp;12300 | 691698 |
| Bengo4.com Inc<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;43400 | 870624 |
| Charm Care Corp KK | &nbsp;&nbsp;&nbsp;85700 | 755872 |
| eWeLL Co Ltd<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;19100 | 301204 |
| Halows Company Ltd. | &nbsp;&nbsp;&nbsp;7400 | 243160 |
| Hennge KK<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;77000 | 858370 |
| Insource Co Ltd | &nbsp;&nbsp;&nbsp;36100 | 220966 |
| Integral Corp<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;16400 | 380108 |
| Japan System Techniques | &nbsp;&nbsp;&nbsp;17700 | 220202 |
| MarkLines Company Ltd.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;23000 | 303222 |
| Oro Co Ltd | &nbsp;&nbsp;&nbsp;38800 | 816942 |
| Plus Alpha Consulting Company Ltd. | &nbsp;&nbsp;&nbsp;19300 | 295015 |
| Rise Consulting Group Inc<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;63200 | 532276 |
| SIGMAXYZ Holdings Inc<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;57000 | 457757 |
| Sun\* Inc<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;224700 | 795720 |
| System Support, Inc. | &nbsp;&nbsp;&nbsp;64400 | 1150534 |
| Syuppin Company, Ltd. | &nbsp;&nbsp;&nbsp;52700 | 444543 |
| Timee Inc<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;35100 | 474148 |
| ULS Group Inc | &nbsp;&nbsp;&nbsp;28100 | 1362196 |
| User Local Inc. | &nbsp;&nbsp;&nbsp;9000 | 114116 |
| YMIRLINK Inc<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;32600 | 313258 |
|  |  | 11601931 |
| **Luxembourg — 0.66%** | **Luxembourg — 0.66%** | **Luxembourg — 0.66%** |
| Sword Group | &nbsp;&nbsp;&nbsp;7482 | 310540 |
| **Norway — 1.62%** | **Norway — 1.62%** | **Norway — 1.62%** |
| Bouvet ASA | &nbsp;&nbsp;&nbsp;38828 | 283547 |
| Medistim ASA | &nbsp;&nbsp;&nbsp;10500 | 221402 |
| SmartCraft ASA 144A<sup>(a)(b)(c)</sup> | &nbsp;&nbsp;&nbsp;98296 | 251001 |
|  |  | 755950 |
| **Philippines — 0.56%** | **Philippines — 0.56%** | **Philippines — 0.56%** |
| Pryce Corp | &nbsp;&nbsp;&nbsp;1190800 | 261530 |
| **Poland — 1.46%** | **Poland — 1.46%** | **Poland — 1.46%** |
| Auto Partner SA | &nbsp;&nbsp;&nbsp;77576 | 414036 |
| Shoper Spolka Akcyjna | &nbsp;&nbsp;&nbsp;20858 | 268845 |
|  |  | 682881 |
| **Singapore — 0.98%** | **Singapore — 0.98%** | **Singapore — 0.98%** |
| Riverstone Holdings Ltd.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;841725 | 457043 |
| **South Korea — 1.87%** | **South Korea — 1.87%** | **South Korea — 1.87%** |
| FNS Tech Co Ltd<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;54887 | 548248 |
| Kinx Inc. | &nbsp;&nbsp;&nbsp;2500 | 162056 |
| MegaStudyEdu Co Ltd<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;4572 | 164248 |
|  |  | 874552 |
| **Sweden — 6.07%** | **Sweden — 6.07%** | **Sweden — 6.07%** |
| Idun Industrier AB<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;9600 | 365849 |
| Momentum Group AB<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;20800 | 330244 |

---

<u>Grandeur Peak Global MicroCap Fund</u> <u>Portfolio of Investments</u> <br> July 31, 2025 (Unaudited) (Continued)

---

| | | |
|:---|:---|:---|
| | **Shares** | **Fair Value** |
| **COMMON STOCKS — 99.95% (continued)** | **COMMON STOCKS — 99.95% (continued)** | **COMMON STOCKS — 99.95% (continued)** |
| **Sweden — 6.07% (continued)** | **Sweden — 6.07% (continued)** | **Sweden — 6.07% (continued)** |
| RVRC Holding AB | &nbsp;&nbsp;&nbsp;45828 | $208640 |
| Sdiptech AB<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;22232 | 447927 |
| Swedencare AB<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;218921 | 848830 |
| Swedish Logistic<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;105935 | 429145 |
| Teqnion AB | &nbsp;&nbsp;&nbsp;13429 | 206080 |
|  |  | 2836715 |
| **Taiwan — 2.06%** | **Taiwan — 2.06%** | **Taiwan — 2.06%** |
| Acer E-Enabling Service Business | &nbsp;&nbsp;&nbsp;56000 | 438874 |
| Gem Services Inc | &nbsp;&nbsp;&nbsp;107000 | 242808 |
| Sporton International, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;52699 | 282675 |
|  |  | 964357 |
| **Thailand — 0.25%** | **Thailand — 0.25%** | **Thailand — 0.25%** |
| Humanica PCL | &nbsp;&nbsp;&nbsp;550700 | 117567 |
| **United Kingdom — 12.08%** | **United Kingdom — 12.08%** | **United Kingdom — 12.08%** |
| AB Dynamics PLC | &nbsp;&nbsp;&nbsp;18515 | 353330 |
| Advanced Medical Solutions Gro | &nbsp;&nbsp;&nbsp;227735 | 607534 |
| Ashtead Technology Holdings plc | &nbsp;&nbsp;&nbsp;47686 | 211602 |
| CVS Group plc | &nbsp;&nbsp;&nbsp;65938 | 1069359 |
| Elixirr International PLC | &nbsp;&nbsp;&nbsp;92586 | 904829 |
| Franchise Brands PLC | &nbsp;&nbsp;&nbsp;180242 | 303498 |
| FRP Advisory Group PLC | &nbsp;&nbsp;&nbsp;130314 | 220288 |
| Kitwave Group Plc<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;52830 | 170937 |
| Pensionbee Group PLC<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;93570 | 206368 |
| Pollen Street Group Ltd | &nbsp;&nbsp;&nbsp;21750 | 242433 |
| Tatton Asset Mgmt | &nbsp;&nbsp;&nbsp;37957 | 365935 |
| Victorian Plumbing Group PLC<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;271436 | 266704 |
| Volution Group PLC | &nbsp;&nbsp;&nbsp;57773 | 511198 |
| Warpaint London plc<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;44163 | 212883 |
|  |  | 5646898 |
| **United States — 20.31%** | **United States — 20.31%** | **United States — 20.31%** |
| Abacus Life Inc<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;27536 | 148970 |
| AOTI, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;92746 | 70429 |
| Arizona Sonoran Copper Company, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;450634 | 722003 |
| Barrett Business Services, Inc. | &nbsp;&nbsp;&nbsp;19095 | 877798 |
| Bowman Consulting Group Limited<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;30508 | 1058017 |
| Esquire Financial Holdings, Inc. | &nbsp;&nbsp;&nbsp;7091 | 679885 |
| Fatpipe Inc/UT<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;24470 | 162481 |
| Figs, Inc., Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;51813 | 336785 |
| Global Industrial Company | &nbsp;&nbsp;&nbsp;7586 | 258379 |
| Hackett Group, Inc. (The) | &nbsp;&nbsp;&nbsp;33010 | 772104 |
| Iradimed Corporation | &nbsp;&nbsp;&nbsp;4904 | 286099 |
| Kura Sushi USA, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;5276 | 462916 |
| Mama's Creations Incorporated<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;121774 | 1005853 |
| OrthoPediatrics Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;8496 | 176037 |
| Pennant Group, Inc. (The)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;58150 | 1289185 |
| Plumas Bancorp<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;3527 | 145524 |
| Red Violet, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;3333 | 147752 |
| RxSight, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;30243 | 235291 |
| The Joint Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;17690 | 195298 |
| The Lovesac Company<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;14140 | 254661 |
| Treace Medical<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;37399 | 200833 |
|  |  | 9486300 |
| *Total Common Stocks (Cost $38,090,628)* |  | 46711717 |

---

---

| | |
|:---|:---|
| **Shares** | **Fair Value** |
| **COMMON STOCKS — 99.95% (continued)** | **COMMON STOCKS — 99.95% (continued)** |
| *Total Common Stocks/ Investments — 99.95%* |  |
| *(Cost $38,090,628)* | $46711717 |
| *Other Assets in Excess of Liabilities — 0.05%* | 23241 |
| *NET ASSETS — 100.00%* | $46734958 |

---

<sup>(a)</sup> Non-income producing security.

<sup>(b)</sup> Security was purchased pursuant to Regulation S under the Securities Act of 1933, which exempts securities offered and sold outside of the United States from registration. Such security cannot be sold in the United States without either an effective registration statement filed pursuant to the Securities Act of 1933, or pursuant to an exemption from registration. As of July 31, 2025, these securities had a total aggregate market value of $952,441, representing 2.04% of net assets.

<sup>(c)</sup> Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in the ordinary course of business in transactions exempt from registration, normally to qualified institutional buyers. As of July 31, 2025, these securities had a total aggregate market value of $670,854, representing 1.44% of net assets.

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Grandeur Peak Global Trust

- **b. Investment Company Act file number:** 811-23852

- **c. CIK number of Registrant:** 0001965454

- **d. LEI of Registrant:** 54930009SEWTYKGXPE05

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

  - **Street Address 1:** 225 Pictoria Drive

  - **City:** Cincinnati

  - **State:** OH

  - **Foreign country:** US

  - **Zip / Postal Code:** 45246

  - **Telephone number:** 631-470-2688

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

- **a. Name of Series:** GRANDEUR PEAK GLOBAL MICROCAP FUND

- **b. EDGAR series identifier (if any):** S000080370

- **c. LEI of Series:** 54930009V6REUZWHYJ43

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

- **a. Date of fiscal year-end:** 2026-04-30

- **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:** $46845219.33

**Total Liabilities:** $110261.45

**Net Assets:** $46734957.88

**Cash Not Reported:** $119032.50

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000242724 | 4.30%                | 4.19%                | -2.64%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $16325.25                | $1857266.01                                |
| Month 2  | $571383.13               | $1329204.56                                |
| Month 3  | $-98124.78               | $-1115028.01                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Gem Services Inc                              | Gem Services Inc                     | CUSIP: G3790U104<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    107000 | NS      | $242807.97    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Fiducian Group Limited                        | Fiducian Group Ltd                   | CUSIP: Q3750N107<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |    145610 | NS      | $1050832.40   | 2.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Smartcraft Asa                                | SmartCraft ASA                       | CUSIP: R7T54K113<br>LEI: 5493008ELCGPWZHWUX47 | Long             | EC               | CORP              | NO        |     98296 | NS      | $251000.55    | 0.54%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Selamat Sempurna  Tbk PT                      | Selamat Sempurna Tbk PT              | CUSIP: Y7139P148<br>LEI: N/A                  | Long             | EC               | CORP              | ID        |   2309700 | NS      | $278556.08    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Warpaint London Plc                           | Warpaint London plc                  | CUSIP: G94524108<br>LEI: 213800EBJ2CN6KIDCO78 | Long             | EC               | CORP              | GB        |     44163 | NS      | $212882.92    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Humanica Public Company Limited               | Humanica PCL                         | CUSIP: Y374E5121<br>LEI: N/A                  | Long             | EC               | CORP              | TH        |    550700 | NS      | $117566.87    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Aspirasi Hidup Indonesia Tbk PT               | Aspirasi Hidup Ind                   | CUSIP: Y000CY105<br>LEI: 529900WER46RYFNZER60 | Long             | EC               | CORP              | ID        |   4810100 | NS      | $137356.28    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Sword Group SE                                | Sword Group                          | CUSIP: F91829105<br>LEI: 222100GEODKMZ0FFWK29 | Long             | EC               | CORP              | LU        |      7482 | NS      | $310539.74    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Arizona Sonoran Copper Company Inc            | Arizona Sonoran Copper Co Inc        | CUSIP: 04058Q105<br>LEI: 549300C8J16JPSINEM53 | Long             | EC               | CORP              | CA        |    450634 | NS      | $722003.09    | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Illumina Inc                                  | FIGS, Inc.                           | CUSIP: 452327109<br>LEI: SQ95QG8SR5Q56LSNF682 | Long             | EC               | CORP              | US        |     51813 | NS      | $336784.50    | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Navigator Global Investments Ltd.             | Navigator Global Investments Limited | CUSIP: Q6S02S105<br>LEI: 9845000577CDA8B2C946 | Long             | EC               | CORP              | AU        |    228258 | NS      | $280903.59    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Aoti Inc.                                     | Advanced Oxygen Therapy              | CUSIP: 03690C102<br>LEI: 213800ZGCNDSTWIRK687 | Long             | EC               | CORP              | US        |     92746 | NS      | $70429.15     | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Japan System Techn                            | Japan System Techniques              | CUSIP: J2784S106<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     17700 | NS      | $220202.40    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Charm Care Corporation                        | Charm Care Corp KK                   | CUSIP: J0625A102<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     85700 | NS      | $755872.25    | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Chaoju Eye Care Holdings Ltd.                 | Chaoju Eye Care Holdings Ltd         | CUSIP: G2047K109<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    452000 | NS      | $171011.90    | 0.37%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Arwana Citramulia                             | Arwana Citramulia Tbk P.T.           | CUSIP: Y7116S131<br>LEI: N/A                  | Long             | EC               | CORP              | ID        |   3364400 | NS      | $119580.41    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Timee Inc.                                    | Timee Inc                            | CUSIP: J83432104<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     35100 | NS      | $474148.18    | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| SJS Enterprises Ltd.                          | SJS Enterprises Ltd                  | CUSIP: Y8066B102<br>LEI: 984500E74D93F3F04562 | Long             | EC               | CORP              | IN        |     15525 | NS      | $217758.51    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Indigo Paints Ltd.                            | Indigo Paints Ltd                    | CUSIP: Y3939M104<br>LEI: 3358007YDYB5P8I6HB69 | Long             | EC               | CORP              | IN        |     26458 | NS      | $362882.85    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Marklines Co Ltd                              | MarkLines Company Ltd.               | CUSIP: J3971M100<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     23000 | NS      | $303221.61    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Sarantis Sa                                   | Sarantis SA                          | CUSIP: X7583P132<br>LEI: 21380078FJXYHFE8KP46 | Long             | EC               | CORP              | GR        |     40988 | NS      | $627128.57    | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| FatPipeInc (UT)                               | Fatpipe Inc/UT                       | CUSIP: 311921100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     24470 | NS      | $162480.80    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Plover Bay Technologies Ltd                   | Plover Bay Tech                      | CUSIP: G71332103<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    331900 | NS      | $281587.21    | 0.60%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Kelly Partners Group Holdings Ltd             | Kelly Partners Group Holdings        | CUSIP: Q6368N104<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |     31032 | NS      | $220560.32    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| RxSight Inc.                                  | RxSight Inc                          | CUSIP: 78349D107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     30243 | NS      | $235290.54    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Medistim Asa                                  | Medistim ASA                         | CUSIP: R448B2105<br>LEI: 5967007LIEEXZXJOX483 | Long             | EC               | CORP              | NO        |     10500 | NS      | $221401.57    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Revenio Group Corp.                           | Revenio Group Oyj                    | CUSIP: X7354Z103<br>LEI: 743700I27E0FWSXLKK04 | Long             | EC               | CORP              | FI        |      6394 | NS      | $192009.82    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Teqnion AB                                    | Teqnion AB                           | CUSIP: W9590R110<br>LEI: 549300DRF7FY7VRFTX41 | Long             | EC               | CORP              | SE        |     13429 | NS      | $206079.68    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Volution Group PLC                            | Volution Group PLC                   | CUSIP: G93824103<br>LEI: 213800EPT84EQCDHO768 | Long             | EC               | CORP              | GB        |     57773 | NS      | $511197.97    | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Plus Alpha Consulting Co Ltd.                 | Plus Alpha Consulting                | CUSIP: J63934103<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     19300 | NS      | $295015.05    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Iradimed Corp.                                | Iradimed Corporation                 | CUSIP: 46266A109<br>LEI: 549300YVHWP0YJ1YW816 | Long             | EC               | CORP              | US        |      4904 | NS      | $286099.36    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Armac Locacao Logistica E Servicos SA         | Armac Locacao Logistica              | CUSIP: P0R0FY103<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |    163200 | NS      | $102877.96    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Fns Tech Co Ltd                               | FNS Tech Co Ltd                      | CUSIP: Y8T1DV100<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     54887 | NS      | $548248.15    | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Ecos (India) Mobility & Hospitality Ltd.      | Ecos India Mobility & Hospital       | CUSIP: Y2245W111<br>LEI: 984500CI6CB98DRE1446 | Long             | EC               | CORP              | IN        |     96000 | NS      | $338277.36    | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Halows Co Ltd                                 | Halows Company Ltd.                  | CUSIP: J1814W103<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      7400 | NS      | $243159.54    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| BRBI BR PARTNERS S.A.                         | BR Advisory Partners                 | CUSIP: P1S70G118<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |     74100 | NS      | $205370.19    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Bowman Consulting Group Ltd                   | Bowman Consulting Group Limited      | CUSIP: 103002101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     30508 | NS      | $1058017.44   | 2.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Rise Consulting Group Inc.                    | Rise Consulting Group Inc            | CUSIP: J6522L109<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     63200 | NS      | $532275.82    | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Swedish Logistic Property AB                  | Swedish Logistic                     | CUSIP: W9545H142<br>LEI: 254900AWRHP1QNE6OQ19 | Long             | EC               | CORP              | SE        |    105935 | NS      | $429145.17    | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Megastudyedu Co Ltd                           | MegaStudyEdu Co Ltd                  | CUSIP: Y5933R104<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      4572 | NS      | $164248.16    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Elixirr International Plc                     | Elixirr International PLC            | CUSIP: G3002J103<br>LEI: 213800MKY7OHMVAKW681 | Long             | EC               | CORP              | GB        |     92586 | NS      | $904828.84    | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Global Industrial Company                     | Global Industrials, Co.              | CUSIP: 37892E102<br>LEI: 5493000GO8Z3HEWCGE46 | Long             | EC               | CORP              | US        |      7586 | NS      | $258379.16    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Wavestone SA                                  | Wavestone                            | CUSIP: F98323102<br>LEI: 969500GSN25I3B3X6F94 | Long             | EC               | CORP              | FR        |      5180 | NS      | $343637.82    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| System Support Holdings Inc.                  | System Support, Inc.                 | CUSIP: J78650108<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     64400 | NS      | $1150533.84   | 2.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Franchise Brands Plc                          | Franchise Brands PLC                 | CUSIP: G3656B109<br>LEI: 213800CFRX6CJ8LCKN37 | Long             | EC               | CORP              | GB        |    180242 | NS      | $303497.82    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Neurones                                      | Neurones SA                          | CUSIP: F6523H101<br>LEI: 9695008Y07TSG8SZCG57 | Long             | EC               | CORP              | FR        |      4051 | NS      | $200052.24    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Syuppin Co Limited                            | Syuppin Company, Ltd.                | CUSIP: J78874112<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     52700 | NS      | $444542.89    | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| User Local Inc                                | User Local inc                       | CUSIP: J96388103<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      9000 | NS      | $114115.95    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Swedencare Ab                                 | Swedencare AB                        | CUSIP: W942AH117<br>LEI: 549300FZT7YIF6SWX789 | Long             | EC               | CORP              | SE        |    218921 | NS      | $848830.10    | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Ymirlink, Inc.                                | YMIRLINK Inc                         | CUSIP: J9786Q103<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     32600 | NS      | $313257.82    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| AZoom co Ltd.                                 | AZOOM Co Ltd                         | CUSIP: J03827102<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     12300 | NS      | $691698.61    | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Treace Medical Concepts Inc.                  | Treace Medical                       | CUSIP: 89455T109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     37399 | NS      | $200832.63    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Hennge K K                                    | Hennge KK                            | CUSIP: J20457107<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     77000 | NS      | $858369.70    | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Kitwave Group plc                             | Kitwave Group Plc                    | CUSIP: G5282G105<br>LEI: 2138007DLCYPVY95UD40 | Long             | EC               | CORP              | GB        |     52830 | NS      | $170937.00    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Mama's Creations, Inc                         | Mama's Creations Incorporated        | CUSIP: 56146T103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    121774 | NS      | $1005853.24   | 2.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Ghcl Ltd                                      | GHCL Limited                         | CUSIP: Y29443119<br>LEI: 335800L2UYNOUH82F930 | Long             | EC               | CORP              | IN        |     26000 | NS      | $177349.65    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Pryce Corp                                    | Pryce Corp                           | CUSIP: Y7115M127<br>LEI: N/A                  | Long             | EC               | CORP              | PH        |   1190800 | NS      | $261529.88    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Acer E-Enabling Service Business Inc.         | Acer E-Enabling Service Busine       | CUSIP: Y001LZ100<br>LEI: 2549006Z3IVAZIQEUM25 | Long             | EC               | CORP              | TW        |     56000 | NS      | $438874.41    | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Pharmanutra Spa                               | Pharmanutra SpA                      | CUSIP: T7S298129<br>LEI: 815600F8217BC7733697 | Long             | EC               | CORP              | IT        |      6049 | NS      | $317368.75    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Sporton International Inc                     | Sporton International, Inc.          | CUSIP: Y8129X109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     52699 | NS      | $282674.60    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Abacus Global Management Inc.                 | Abacus Life Inc                      | CUSIP: 00258Y104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     27536 | NS      | $148969.76    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Hackett Group Inc.                            | Hackett Group, Inc. (The)            | CUSIP: 404609109<br>LEI: 5K016KLIRB6156644289 | Long             | EC               | CORP              | US        |     33010 | NS      | $772103.90    | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Tatton Asset Mgmt Plc                         | Tatton Asset Mgmt                    | CUSIP: G86841106<br>LEI: 213800G2F8I1N7HTVP88 | Long             | EC               | CORP              | GB        |     37957 | NS      | $365935.16    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Vimta Laboratories                            | Vimta Labs Ltd                       | CUSIP: Y9376C129<br>LEI: N/A                  | Long             | EC               | CORP              | IN        |     71254 | NS      | $564745.25    | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Auto Partner Sa                               | Auto Partner SA                      | CUSIP: X02685117<br>LEI: 259400NXH0FT0MF6PV21 | Long             | EC               | CORP              | PL        |     77576 | NS      | $414036.77    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Momentum Group AB                             | Momentum Group AB                    | CUSIP: W5659A121<br>LEI: 549300QOHUWQMD9G3757 | Long             | EC               | CORP              | SE        |     20800 | NS      | $330244.75    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Orthopediatrics Corp.                         | OrthoPediatrics Corp.                | CUSIP: 68752L100<br>LEI: 5493000KUTPFGOPAT717 | Long             | EC               | CORP              | US        |      8496 | NS      | $176037.12    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| CVS Group PLC                                 | CVS Group plc                        | CUSIP: G27234106<br>LEI: 213800J41XDQ2NX48O05 | Long             | EC               | CORP              | GB        |     65938 | NS      | $1069359.01   | 2.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Shoper Sa                                     | Shoper Spolka Akcyjna                | CUSIP: X7807K117<br>LEI: 259400HA8L5O5KQEIV88 | Long             | EC               | CORP              | LU        |     20858 | NS      | $268844.61    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Mensch & Maschine Software AG                 | Mensch und Maschine Software S       | CUSIP: D5345W108<br>LEI: 391200KPS0L1YQ88JY41 | Long             | EC               | CORP              | DE        |      5555 | NS      | $325384.22    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Esquire Financial Holdings Inc                | Esquire Financial Holdings, Inc.     | CUSIP: 29667J101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7091 | NS      | $679885.08    | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Red Violet Inc                                | Red Violet, Inc.                     | CUSIP: 75704L104<br>LEI: 549300T4EGADG881UU63 | Long             | EC               | CORP              | US        |      3333 | NS      | $147751.89    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Joint Corp. (The)                             | The Joint Corporation                | CUSIP: 47973J102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     17690 | NS      | $195297.60    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Dr Agarwals Eye Hospital                      | Dr Agarwal's Eye Hospital Ltd        | CUSIP: Y2105K116<br>LEI: 3358006A5F7PNNDKCT22 | Long             | EC               | CORP              | IN        |      3024 | NS      | $151451.10    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| The Lovesac Company                           | The Lovesac Company                  | CUSIP: 54738L109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     14140 | NS      | $254661.40    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Ashtead Technology Holdings PLC               | Ashtead Technology Holdings plc      | CUSIP: G0609Y103<br>LEI: 213800LHEWVY66RPGR58 | Long             | EC               | CORP              | GB        |     47686 | NS      | $211601.90    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Idun Industrier AB (publ)                     | Idun Industrier AB                   | CUSIP: W4R43P101<br>LEI: 549300SDE3LON0ZFLE07 | Long             | EC               | CORP              | SE        |      9600 | NS      | $365848.80    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Pensionbee Group Plc                          | Pensionbee Group PLC                 | CUSIP: G6994Z100<br>LEI: 2138008663P5FHPGZV74 | Long             | EC               | CORP              | GB        |     93570 | NS      | $206368.07    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinx Inc                                      | Kinx Inc.                            | CUSIP: Y4791X105<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      2500 | NS      | $162055.96    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Sun Inc.                                      | Sun* Inc                             | CUSIP: J7808M100<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    224700 | NS      | $795719.99    | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Rvrc Holding Ab                               | RVRC Holding AB                      | CUSIP: W7282E108<br>LEI: 549300YU7003VHQV3J57 | Long             | EC               | CORP              | SE        |     45828 | NS      | $208640.04    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Supriya Lifescience Ltd                       | Supriya Lifescience Ltd              | CUSIP: Y83141112<br>LEI: 894500RBVJX1EOJP0Y02 | Long             | EC               | CORP              | IN        |     19000 | NS      | $143597.69    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Yatharth Hospital & Trauma Care Services Ltd. | Yatharth Hospital                    | CUSIP: Y9753V104<br>LEI: 335800O1RTF5PUR2BH37 | Long             | EC               | CORP              | IN        |     58000 | NS      | $426882.47    | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Victorian Plumbing Group Plc                  | Victorian Plumbing Group PLC         | CUSIP: G9345Z100<br>LEI: 894500R59II0S4WXGZ04 | Long             | EC               | CORP              | GB        |    271436 | NS      | $266704.15    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Oro Co Ltd                                    | Oro Co Ltd                           | CUSIP: J6S14A108<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     38800 | NS      | $816942.32    | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| X-FAB Silicon Foundries SE                    | X-Fab Silicon Foundries S.E.         | CUSIP: B9901Z101<br>LEI: 5493003UDPENPUQBJH65 | Long             | EC               | CORP              | BE        |     34079 | NS      | $248841.30    | 0.53%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Vaibhav Global Ltd                            | Vaibhav Global Ltd                   | CUSIP: Y933AF100<br>LEI: 335800DA4OLBMGEJXV59 | Long             | EC               | CORP              | IN        |     80463 | NS      | $209423.58    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Kura Sushi USA Inc.                           | Kura Sushi USA, Inc.                 | CUSIP: 501270102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5276 | NS      | $462916.24    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Kogan.com Ltd.                                | Kogan.com Ltd                        | CUSIP: Q53502102<br>LEI: 529900EOAC36USKQV388 | Long             | EC               | CORP              | AU        |    383425 | NS      | $953572.87    | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Ewell Co Ltd.                                 | eWeLL Co Ltd                         | CUSIP: J23835101<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     19100 | NS      | $301204.29    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Bengo4.com Inc.                               | Bengo4.com Inc                       | CUSIP: J0429S101<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     43400 | NS      | $870624.83    | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| FRP Advisory Group Plc                        | FRP Advisory Group PLC               | CUSIP: G371BX103<br>LEI: 213800IPCG6DE1CVLY36 | Long             | EC               | CORP              | GB        |    130314 | NS      | $220287.80    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Riverstone Holding Ltd.                       | Riverstone Holdings Ltd.             | CUSIP: Y7302Q105<br>LEI: N/A                  | Long             | EC               | CORP              | SG        |    841725 | NS      | $457043.49    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Insource Co Ltd                               | Insource Co Ltd                      | CUSIP: J2467H104<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     36100 | NS      | $220965.69    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| ADV Med Solutions                             | Advanced Medical Solutions Gro       | CUSIP: G0098X103<br>LEI: 213800HJP6OWOSZI1L74 | Long             | EC               | CORP              | GB        |    227735 | NS      | $607533.94    | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Pennant Group Inc                             | Pennant Group, Inc. (The)            | CUSIP: 70805E109<br>LEI: 5493007H2OYR6BYLDA64 | Long             | EC               | CORP              | US        |     58150 | NS      | $1289185.50   | 2.76%             |  |  |  | No            |                  1 | On Loan: No      |
| AB Dynamics Plc                               | AB Dynamics PLC                      | CUSIP: G0032G109<br>LEI: 213800OFXZP4A7I47K43 | Long             | EC               | CORP              | GB        |     18515 | NS      | $353330.36    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Biosyent Inc                                  | BioSyent Inc                         | CUSIP: 090690108<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     48100 | NS      | $392617.64    | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Thermador Groupe                              | Thermador Groupe                     | CUSIP: F91651194<br>LEI: 969500SSIGMAGT008F11 | Long             | EC               | CORP              | FR        |      4607 | NS      | $430295.27    | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Sidetrade                                     | Sidetrade                            | CUSIP: F81862108<br>LEI: 969500C43H7W90FX6G79 | Long             | EC               | CORP              | FR        |       713 | NS      | $182361.27    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Kri-Kri Milk Industry Sa                      | Kri-Kri Milk Industry SA             | CUSIP: X45701103<br>LEI: 2138001WX9OOFYWL4P68 | Long             | EC               | CORP              | GR        |     25593 | NS      | $548212.70    | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Gulf Oil Lubricants Ltd                       | Gulf Oil Lubricants India Ltd.       | CUSIP: Y6985P111<br>LEI: 3358009J8O762GKOHS20 | Long             | EC               | CORP              | IN        |     34095 | NS      | $471056.85    | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Sigmaxyz Holdings Inc                         | SIGMAXYZ Holdings Inc                | CUSIP: J7550V100<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     57000 | NS      | $457756.94    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Sdiptech AB (publ)                            | Sdiptech AB Series B                 | CUSIP: W8T88U113<br>LEI: 549300JBO7VTEGMRW310 | Long             | EC               | CORP              | SE        |     22232 | NS      | $447926.76    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Ipd Group Limited                             | IPD Group Ltd/Australia              | CUSIP: Q496BN109<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |    244615 | NS      | $554907.11    | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Ma Financial Group Ltd                        | MA Financial Group Ltd               | CUSIP: Q57129100<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |    103418 | NS      | $542976.07    | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Integral Corp.                                | Integral Corp                        | CUSIP: J2401C104<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     16400 | NS      | $380107.96    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Plumas Bancorp                                | Plumas Bancorp                       | CUSIP: 729273102<br>LEI: 549300O5TKTXYTYP4G59 | Long             | EC               | CORP              | US        |      3527 | NS      | $145524.02    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Ksolves India Ltd.                            | Ksolves India Ltd.                   | CUSIP: Y498UT128<br>LEI: N/A                  | Long             | EC               | CORP              | IN        |     26732 | NS      | $98687.50     | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Tk Group (Holdings) Limited                   | TK Group Holdings Ltd                | CUSIP: G88939106<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    877400 | NS      | $272721.20    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Hartadinata Abadi                             | Hartadinata Abadi Tbk PT             | CUSIP: Y2731W104<br>LEI: N/A                  | Long             | EC               | CORP              | ID        |  10658500 | NS      | $404736.77    | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Track & Field Co SA                           | Track & Field Co SA                  | CUSIP: P92071102<br>LEI: N/A                  | Long             | EP               | CORP              | BR        |     64700 | NS      | $167879.39    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Barrett Business Services Inc.                | Barrett Business Services, Inc.      | CUSIP: 068463108<br>LEI: 529900HXB6TMG0SR9Y34 | Long             | EC               | CORP              | US        |     19095 | NS      | $877797.15    | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Uls Group Inc                                 | ULS Group Inc                        | CUSIP: J94062106<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     28100 | NS      | $1362196.11   | 2.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Pollen Street Group Ltd.                      | Pollen Street Group Ltd              | CUSIP: G7151H107<br>LEI: 894500LP94M98N8CY487 | Long             | EC               | CORP              | GG        |     21750 | NS      | $242432.65    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Bouvet Asa                                    | Bouvet ASA                           | CUSIP: R13781100<br>LEI: 5967007LIEEXZXFMBC26 | Long             | EC               | CORP              | NO        |     38828 | NS      | $283548.19    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-09-29

**Name of Applicant:** Grandeur Peak Global Trust

**Signature:** Grandeur Peak Global Trust

**Name of Signer:** Sarah Criger

**Title:** VP, Fund Accounting