# EDGAR Filing Document

**Accession Number:** 0000891190
**File Stem:** 0001752724-23-016406
**Filing Date:** 2023-1
**Character Count:** 119150
**Document Hash:** 88cc9e7612762377d7b68f0d2703afce
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-016406.hdr.sgml**: 20230127

**ACCESSION NUMBER**: 0001752724-23-016406

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221130

**FILED AS OF DATE**: 20230127

**DATE AS OF CHANGE**: 20230127

**PERIOD START**: 20230831

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VANGUARD ADMIRAL FUNDS
- **CENTRAL INDEX KEY:** 0000891190
- **IRS NUMBER:** 232696041
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0831

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07043
- **FILM NUMBER:** 23561743

**BUSINESS ADDRESS:**
- **STREET 1:** P.O. BOX 2600, V26
- **CITY:** VALLEY FORGE
- **STATE:** PA
- **ZIP:** 19482
- **BUSINESS PHONE:** 6106691000

**MAIL ADDRESS:**
- **STREET 1:** P.O. BOX 2600  V26
- **CITY:** VALLEY FORGE
- **STATE:** PA
- **ZIP:** 19482

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** VANGUARD ADMIRAL FUNDS INC
- **DATE OF NAME CHANGE:** 19920908

## Series and Classes Contracts Data

### Vanguard S&P Mid-Cap 400 Growth Index Fund (Series ID: S000030016)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000092042 | Institutional Shares | VMFGX           |
| C000092043 | ETF Shares           | IVOG            |

## Nport-Ex

Vanguard<sup>®</sup> S&P Mid-Cap 400 Growth Index Fund

Schedule of Investments (unaudited)

As of November 30, 2022

The fund files its complete schedule of portfolio holdings with the Securities and Exchange Commission (SEC) for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT. The fund's Form N-PORT reports are available on the SEC's website at www.sec.gov.

---

| | | | |
|:---|:---|:---|:---|
|  |  | &nbsp;&nbsp;&nbsp;Shares | &nbsp;&nbsp;Market<br> Value<br> ($000) |
| **Common Stocks (99.8%)** | **Common Stocks (99.8%)** | **Common Stocks (99.8%)** | **Common Stocks (99.8%)** |
| **Communication Services (2.4%)** | **Communication Services (2.4%)** | **Communication Services (2.4%)** | **Communication Services (2.4%)** |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Ziff Davis Inc. | &nbsp;&nbsp;&nbsp; 40367 | &nbsp;&nbsp;&nbsp;&nbsp;3724 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Nexstar Media Group Inc. Class A | &nbsp;&nbsp;&nbsp; 19562 | &nbsp;&nbsp;&nbsp;&nbsp;3708 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Iridium Communications Inc. | &nbsp;&nbsp;&nbsp; 57567 | &nbsp;&nbsp;&nbsp;&nbsp;3057 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;New York Times Co. Class A | &nbsp;&nbsp;&nbsp; 82092 | &nbsp;&nbsp;&nbsp;&nbsp;3009 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;World Wrestling Entertainment Inc. Class A | &nbsp;&nbsp;&nbsp; 22941 | &nbsp;&nbsp;&nbsp;&nbsp;1832 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Cable One Inc. | &nbsp;&nbsp;&nbsp; 2421 | &nbsp;&nbsp;&nbsp;&nbsp;1753 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;TEGNA Inc. | &nbsp;&nbsp;&nbsp; 83970 | &nbsp;&nbsp;&nbsp;&nbsp;1658 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Frontier Communications Parent Inc. | &nbsp;&nbsp;&nbsp; 62929 | &nbsp;&nbsp;&nbsp;&nbsp;1622 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;John Wiley & Sons Inc. Class A | &nbsp;&nbsp;&nbsp; 18434 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;874 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;TripAdvisor Inc. | &nbsp;&nbsp;&nbsp; 37546 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;766 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;**22003** |
| **Consumer Discretionary (15.4%)** | **Consumer Discretionary (15.4%)** | **Consumer Discretionary (15.4%)** | **Consumer Discretionary (15.4%)** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Service Corp. International | &nbsp;&nbsp;&nbsp;134869 | &nbsp;&nbsp;&nbsp;&nbsp;9636 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Deckers Outdoor Corp. | &nbsp;&nbsp;&nbsp;&nbsp;22694 | &nbsp;&nbsp;&nbsp;&nbsp;9052 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Five Below Inc. | &nbsp;&nbsp;&nbsp;&nbsp;47464 | &nbsp;&nbsp;&nbsp;&nbsp;7635 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Williams-Sonoma Inc. | &nbsp;&nbsp;&nbsp;&nbsp;58817 | &nbsp;&nbsp;&nbsp;&nbsp;6876 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Churchill Downs Inc. | &nbsp;&nbsp;&nbsp;&nbsp;28375 | &nbsp;&nbsp;&nbsp;&nbsp;6298 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Dick's Sporting Goods Inc. | &nbsp;&nbsp;&nbsp;&nbsp;48677 | &nbsp;&nbsp;&nbsp;&nbsp;5821 |
| <sup>\*,1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;GameStop Corp. Class A | &nbsp;&nbsp;&nbsp;216192 | &nbsp;&nbsp;&nbsp;&nbsp;5666 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Mattel Inc. | &nbsp;&nbsp;&nbsp;302160 | &nbsp;&nbsp;&nbsp;&nbsp;5508 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Crocs Inc. | &nbsp;&nbsp;&nbsp;&nbsp;52734 | &nbsp;&nbsp;&nbsp;&nbsp;5326 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Light & Wonder Inc. | &nbsp;&nbsp;&nbsp;&nbsp;80688 | &nbsp;&nbsp;&nbsp;&nbsp;5226 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;RH | &nbsp;&nbsp;&nbsp;&nbsp;17100 | &nbsp;&nbsp;&nbsp;&nbsp;4905 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Brunswick Corp. | &nbsp;&nbsp;&nbsp;&nbsp;63613 | &nbsp;&nbsp;&nbsp;&nbsp;4720 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Tempur Sealy International Inc. | &nbsp;&nbsp;&nbsp;147287 | &nbsp;&nbsp;&nbsp;&nbsp;4679 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;TopBuild Corp. | &nbsp;&nbsp;&nbsp;&nbsp;27695 | &nbsp;&nbsp;&nbsp;&nbsp;4267 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Boyd Gaming Corp. | &nbsp;&nbsp;&nbsp;&nbsp;69457 | &nbsp;&nbsp;&nbsp;&nbsp;4260 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Wingstop Inc. | &nbsp;&nbsp;&nbsp;&nbsp;25588 | &nbsp;&nbsp;&nbsp;&nbsp;4235 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Capri Holdings Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;72027 | &nbsp;&nbsp;&nbsp;&nbsp;4131 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Fox Factory Holding Corp. | &nbsp;&nbsp;&nbsp;&nbsp;36151 | &nbsp;&nbsp;&nbsp;&nbsp;3836 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Wyndham Hotels & Resorts Inc. | &nbsp;&nbsp;&nbsp;&nbsp;50219 | &nbsp;&nbsp;&nbsp;&nbsp;3682 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Texas Roadhouse Inc. Class A | &nbsp;&nbsp;&nbsp;&nbsp;34311 | &nbsp;&nbsp;&nbsp;&nbsp;3408 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;YETI Holdings Inc. | &nbsp;&nbsp;&nbsp;&nbsp;73713 | &nbsp;&nbsp;&nbsp;&nbsp;3309 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Gentex Corp. | &nbsp;&nbsp;&nbsp;106585 | &nbsp;&nbsp;&nbsp;&nbsp;3080 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;H&R Block Inc. | &nbsp;&nbsp;&nbsp;&nbsp;62801 | &nbsp;&nbsp;&nbsp;&nbsp;2745 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Polaris Inc. | &nbsp;&nbsp;&nbsp;&nbsp;20592 | &nbsp;&nbsp;&nbsp;&nbsp;2349 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Papa John's International Inc. | &nbsp;&nbsp;&nbsp;&nbsp;27514 | &nbsp;&nbsp;&nbsp;&nbsp;2291 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Skechers USA Inc. Class A | &nbsp;&nbsp;&nbsp;&nbsp;54234 | &nbsp;&nbsp;&nbsp;&nbsp;2287 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Marriott Vacations Worldwide Corp. | &nbsp;&nbsp;&nbsp;&nbsp;15123 | &nbsp;&nbsp;&nbsp;&nbsp;2253 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Choice Hotels International Inc. | &nbsp;&nbsp;&nbsp;&nbsp;16871 | &nbsp;&nbsp;&nbsp;&nbsp;2079 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Helen of Troy Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;20502 | &nbsp;&nbsp;&nbsp;&nbsp;2020 |

---

------

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| | | | |
|:---|:---|:---|:---|
|  |  | &nbsp;&nbsp;&nbsp;Shares | &nbsp;&nbsp;Market<br> Value<br> ($000) |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;AutoNation Inc. | &nbsp;&nbsp;&nbsp; 15531 | &nbsp;&nbsp;&nbsp;&nbsp;1924 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Wendy's Co. | &nbsp;&nbsp;&nbsp; 72804 | &nbsp;&nbsp;&nbsp;&nbsp;1643 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Victoria's Secret & Co. | &nbsp;&nbsp;&nbsp; 34819 | &nbsp;&nbsp;&nbsp;&nbsp;1602 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Columbia Sportswear Co. | &nbsp;&nbsp;&nbsp; 16029 | &nbsp;&nbsp;&nbsp;&nbsp;1436 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Under Armour Inc. Class A | &nbsp;&nbsp;&nbsp; 70724 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;707 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Under Armour Inc. Class C | &nbsp;&nbsp;&nbsp; 71729 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;626 |
|  |  |  | &nbsp;&nbsp;**139518** |
| **Consumer Staples (2.1%)** | **Consumer Staples (2.1%)** | **Consumer Staples (2.1%)** | **Consumer Staples (2.1%)** |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Darling Ingredients Inc. | &nbsp;&nbsp;&nbsp;137177 | &nbsp;&nbsp;&nbsp;&nbsp;9854 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Celsius Holdings Inc. | &nbsp;&nbsp;&nbsp; 34293 | &nbsp;&nbsp;&nbsp;&nbsp;3818 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Coca-Cola Consolidated Inc. | &nbsp;&nbsp;&nbsp; 3937 | &nbsp;&nbsp;&nbsp;&nbsp;1936 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Boston Beer Co. Inc. Class A | &nbsp;&nbsp;&nbsp; 4881 | &nbsp;&nbsp;&nbsp;&nbsp;1876 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Lancaster Colony Corp. | &nbsp;&nbsp;&nbsp; 8136 | &nbsp;&nbsp;&nbsp;&nbsp;1685 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;**19169** |
| **Energy (4.5%)** | **Energy (4.5%)** | **Energy (4.5%)** | **Energy (4.5%)** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Matador Resources Co. | &nbsp;&nbsp;&nbsp;&nbsp;96012 | &nbsp;&nbsp;&nbsp;&nbsp;6371 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;PDC Energy Inc. | &nbsp;&nbsp;&nbsp;&nbsp;82399 | &nbsp;&nbsp;&nbsp;&nbsp;6124 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Murphy Oil Corp. | &nbsp;&nbsp;&nbsp;125032 | &nbsp;&nbsp;&nbsp;&nbsp;5902 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Antero Resources Corp. | &nbsp;&nbsp;&nbsp;136911 | &nbsp;&nbsp;&nbsp;&nbsp;5004 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Range Resources Corp. | &nbsp;&nbsp;&nbsp;146279 | &nbsp;&nbsp;&nbsp;&nbsp;4223 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Southwestern Energy Co. | &nbsp;&nbsp;&nbsp;610116 | &nbsp;&nbsp;&nbsp;&nbsp;4222 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Antero Midstream Corp. | &nbsp;&nbsp;&nbsp;286669 | &nbsp;&nbsp;&nbsp;&nbsp;3248 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;ChampionX Corp. | &nbsp;&nbsp;&nbsp;&nbsp;81624 | &nbsp;&nbsp;&nbsp;&nbsp;2517 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;DT Midstream Inc. | &nbsp;&nbsp;&nbsp;&nbsp;34783 | &nbsp;&nbsp;&nbsp;&nbsp;2099 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;CNX Resources Corp. | &nbsp;&nbsp;&nbsp;&nbsp;76180 | &nbsp;&nbsp;&nbsp;&nbsp;1323 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;**41033** |
| **Financials (12.0%)** | **Financials (12.0%)** | **Financials (12.0%)** | **Financials (12.0%)** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;East West Bancorp Inc. | &nbsp;&nbsp;&nbsp;120542 | &nbsp;&nbsp;&nbsp;&nbsp;8463 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Jefferies Financial Group Inc. | &nbsp;&nbsp;&nbsp;159072 | &nbsp;&nbsp;&nbsp;&nbsp;6043 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Stifel Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;90797 | &nbsp;&nbsp;&nbsp;&nbsp;5834 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Kinsale Capital Group Inc. | &nbsp;&nbsp;&nbsp;&nbsp;18417 | &nbsp;&nbsp;&nbsp;&nbsp;5676 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Glacier Bancorp Inc. | &nbsp;&nbsp;&nbsp;&nbsp;94746 | &nbsp;&nbsp;&nbsp;&nbsp;5486 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Pinnacle Financial Partners Inc. | &nbsp;&nbsp;&nbsp;&nbsp;65369 | &nbsp;&nbsp;&nbsp;&nbsp;5484 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Affiliated Managers Group Inc. | &nbsp;&nbsp;&nbsp;&nbsp;32699 | &nbsp;&nbsp;&nbsp;&nbsp;5246 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Cullen/Frost Bankers Inc. | &nbsp;&nbsp;&nbsp;&nbsp;30720 | &nbsp;&nbsp;&nbsp;&nbsp;4457 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Interactive Brokers Group Inc. Class A | &nbsp;&nbsp;&nbsp;&nbsp;54543 | &nbsp;&nbsp;&nbsp;&nbsp;4380 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;First Financial Bankshares Inc. | &nbsp;&nbsp;&nbsp;110948 | &nbsp;&nbsp;&nbsp;&nbsp;4099 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;American Financial Group Inc. | &nbsp;&nbsp;&nbsp;&nbsp;28077 | &nbsp;&nbsp;&nbsp;&nbsp;3993 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;SLM Corp. | &nbsp;&nbsp;&nbsp;215039 | &nbsp;&nbsp;&nbsp;&nbsp;3755 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Evercore Inc. Class A | &nbsp;&nbsp;&nbsp;&nbsp;30807 | &nbsp;&nbsp;&nbsp;&nbsp;3548 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Commerce Bancshares Inc. | &nbsp;&nbsp;&nbsp;&nbsp;46653 | &nbsp;&nbsp;&nbsp;&nbsp;3495 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Webster Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;61671 | &nbsp;&nbsp;&nbsp;&nbsp;3351 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;SEI Investments Co. | &nbsp;&nbsp;&nbsp;&nbsp;51966 | &nbsp;&nbsp;&nbsp;&nbsp;3236 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;UMB Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;37188 | &nbsp;&nbsp;&nbsp;&nbsp;3180 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Primerica Inc. | &nbsp;&nbsp;&nbsp;&nbsp;19862 | &nbsp;&nbsp;&nbsp;&nbsp;2960 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;RLI Corp. | &nbsp;&nbsp;&nbsp;&nbsp;20724 | &nbsp;&nbsp;&nbsp;&nbsp;2696 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;PacWest Bancorp | &nbsp;&nbsp;&nbsp;100754 | &nbsp;&nbsp;&nbsp;&nbsp;2632 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Wintrust Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;25982 | &nbsp;&nbsp;&nbsp;&nbsp;2375 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;First American Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;40983 | &nbsp;&nbsp;&nbsp;&nbsp;2240 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Synovus Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;49747 | &nbsp;&nbsp;&nbsp;&nbsp;2096 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Bank OZK | &nbsp;&nbsp;&nbsp;&nbsp;44723 | &nbsp;&nbsp;&nbsp;&nbsp;2064 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Hancock Whitney Corp. | &nbsp;&nbsp;&nbsp;&nbsp;33008 | &nbsp;&nbsp;&nbsp;&nbsp;1810 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Navient Corp. | &nbsp;&nbsp;&nbsp;&nbsp;94665 | &nbsp;&nbsp;&nbsp;&nbsp;1569 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Home BancShares Inc. | &nbsp;&nbsp;&nbsp;&nbsp;60364 | &nbsp;&nbsp;&nbsp;&nbsp;1536 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Umpqua Holdings Corp. | &nbsp;&nbsp;&nbsp;&nbsp;68653 | &nbsp;&nbsp;&nbsp;&nbsp;1392 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Janus Henderson Group plc | &nbsp;&nbsp;&nbsp;&nbsp;52094 | &nbsp;&nbsp;&nbsp;&nbsp;1317 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Federated Hermes Inc. Class B | &nbsp;&nbsp;&nbsp;&nbsp;33994 | &nbsp;&nbsp;&nbsp;&nbsp;1290 |

---

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| | | | |
|:---|:---|:---|:---|
|  |  | &nbsp;&nbsp;&nbsp;Shares | &nbsp;&nbsp;Market<br> Value<br> ($000) |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Bank of Hawaii Corp. | &nbsp;&nbsp;&nbsp; 14406 | &nbsp;&nbsp;&nbsp;&nbsp;1162 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Cathay General Bancorp | &nbsp;&nbsp;&nbsp; 24786 | &nbsp;&nbsp;&nbsp;&nbsp;1152 |
|  |  |  | &nbsp;&nbsp;**108017** |
| **Health Care (13.0%)** | **Health Care (13.0%)** | **Health Care (13.0%)** | **Health Care (13.0%)** |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Neurocrine Biosciences Inc. | &nbsp;&nbsp;&nbsp; 81807 | 10394 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Repligen Corp. | &nbsp;&nbsp;&nbsp; 44143 | &nbsp;&nbsp;&nbsp;&nbsp;7895 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Shockwave Medical Inc. | &nbsp;&nbsp;&nbsp; 30731 | &nbsp;&nbsp;&nbsp;&nbsp;7793 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Penumbra Inc. | &nbsp;&nbsp;&nbsp; 32408 | &nbsp;&nbsp;&nbsp;&nbsp;6790 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Halozyme Therapeutics Inc. | &nbsp;&nbsp;&nbsp;117851 | &nbsp;&nbsp;&nbsp;&nbsp;6748 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Masimo Corp. | &nbsp;&nbsp;&nbsp; 41337 | &nbsp;&nbsp;&nbsp;&nbsp;5991 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Bruker Corp. | &nbsp;&nbsp;&nbsp; 86163 | &nbsp;&nbsp;&nbsp;&nbsp;5808 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;United Therapeutics Corp. | &nbsp;&nbsp;&nbsp; 18688 | &nbsp;&nbsp;&nbsp;&nbsp;5231 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Medpace Holdings Inc. | &nbsp;&nbsp;&nbsp; 21478 | &nbsp;&nbsp;&nbsp;&nbsp;4508 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Tenet Healthcare Corp. | &nbsp;&nbsp;&nbsp; 92283 | &nbsp;&nbsp;&nbsp;&nbsp;4262 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;QuidelOrtho Corp. | &nbsp;&nbsp;&nbsp;&nbsp;46388 | &nbsp;&nbsp;&nbsp;&nbsp;4064 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Option Care Health Inc. | &nbsp;&nbsp;&nbsp;132222 | &nbsp;&nbsp;&nbsp;&nbsp;3981 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Azenta Inc. | &nbsp;&nbsp;&nbsp;&nbsp;64170 | &nbsp;&nbsp;&nbsp;&nbsp;3864 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Chemed Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7266 | &nbsp;&nbsp;&nbsp;&nbsp;3778 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Syneos Health Inc. | &nbsp;&nbsp;&nbsp;&nbsp;87807 | &nbsp;&nbsp;&nbsp;&nbsp;3098 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;HealthEquity Inc. | &nbsp;&nbsp;&nbsp;&nbsp;48353 | &nbsp;&nbsp;&nbsp;&nbsp;3070 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Inari Medical Inc. | &nbsp;&nbsp;&nbsp;&nbsp;41102 | &nbsp;&nbsp;&nbsp;&nbsp;3024 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Globus Medical Inc. Class A | &nbsp;&nbsp;&nbsp;&nbsp;39536 | &nbsp;&nbsp;&nbsp;&nbsp;2921 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Arrowhead Pharmaceuticals Inc. | &nbsp;&nbsp;&nbsp;&nbsp;90539 | &nbsp;&nbsp;&nbsp;&nbsp;2915 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Exelixis Inc. | &nbsp;&nbsp;&nbsp;145890 | &nbsp;&nbsp;&nbsp;&nbsp;2492 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;STAAR Surgical Co. | &nbsp;&nbsp;&nbsp;&nbsp;41091 | &nbsp;&nbsp;&nbsp;&nbsp;2347 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Tandem Diabetes Care Inc. | &nbsp;&nbsp;&nbsp;&nbsp;54933 | &nbsp;&nbsp;&nbsp;&nbsp;2310 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Lantheus Holdings Inc. | &nbsp;&nbsp;&nbsp;&nbsp;34696 | &nbsp;&nbsp;&nbsp;&nbsp;2154 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Omnicell Inc. | &nbsp;&nbsp;&nbsp;&nbsp;37882 | &nbsp;&nbsp;&nbsp;&nbsp;1955 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Neogen Corp. | &nbsp;&nbsp;&nbsp;107213 | &nbsp;&nbsp;&nbsp;&nbsp;1775 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Integra LifeSciences Holdings Corp. | &nbsp;&nbsp;&nbsp;&nbsp;31690 | &nbsp;&nbsp;&nbsp;&nbsp;1741 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;LivaNova plc | &nbsp;&nbsp;&nbsp;&nbsp;27470 | &nbsp;&nbsp;&nbsp;&nbsp;1521 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Progyny Inc. | &nbsp;&nbsp;&nbsp;&nbsp;39537 | &nbsp;&nbsp;&nbsp;&nbsp;1448 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;ICU Medical Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8063 | &nbsp;&nbsp;&nbsp;&nbsp;1284 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Enovis Corp. | &nbsp;&nbsp;&nbsp;&nbsp;16749 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;907 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;R1 RCM Inc. | &nbsp;&nbsp;&nbsp;&nbsp;68323 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;618 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Sotera Health Co. | &nbsp;&nbsp;&nbsp;&nbsp;64249 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;536 |
|  |  |  | &nbsp;&nbsp;**117223** |
| **Industrials (18.9%)** | **Industrials (18.9%)** | **Industrials (18.9%)** | **Industrials (18.9%)** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Carlisle Cos. Inc. | &nbsp;&nbsp;&nbsp;&nbsp;44242 | &nbsp;&nbsp;&nbsp;11641 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Axon Enterprise Inc. | &nbsp;&nbsp;&nbsp;&nbsp;57758 | &nbsp;&nbsp;&nbsp;10629 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Toro Co. | &nbsp;&nbsp;&nbsp;&nbsp;89446 | &nbsp;&nbsp;&nbsp;&nbsp;9928 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Builders FirstSource Inc. | &nbsp;&nbsp;&nbsp;133501 | &nbsp;&nbsp;&nbsp;&nbsp;8535 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Tetra Tech Inc. | &nbsp;&nbsp;&nbsp;&nbsp;45606 | &nbsp;&nbsp;&nbsp;&nbsp;7050 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Hubbell Inc. Class B | &nbsp;&nbsp;&nbsp;&nbsp;24796 | &nbsp;&nbsp;&nbsp;&nbsp;6300 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Valmont Industries Inc. | &nbsp;&nbsp;&nbsp;&nbsp;18265 | &nbsp;&nbsp;&nbsp;&nbsp;6186 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Graco Inc. | &nbsp;&nbsp;&nbsp;&nbsp;86786 | &nbsp;&nbsp;&nbsp;&nbsp;6072 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Avis Budget Group Inc. | &nbsp;&nbsp;&nbsp;&nbsp;24669 | &nbsp;&nbsp;&nbsp;&nbsp;5516 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Saia Inc. | &nbsp;&nbsp;&nbsp;&nbsp;22592 | &nbsp;&nbsp;&nbsp;&nbsp;5503 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Acuity Brands Inc. | &nbsp;&nbsp;&nbsp;&nbsp;27984 | &nbsp;&nbsp;&nbsp;&nbsp;5269 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;FTI Consulting Inc. | &nbsp;&nbsp;&nbsp;&nbsp;29545 | &nbsp;&nbsp;&nbsp;&nbsp;5106 |
| <sup>1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Watsco Inc. | &nbsp;&nbsp;&nbsp;&nbsp;18747 | &nbsp;&nbsp;&nbsp;&nbsp;5043 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;GXO Logistics Inc. | &nbsp;&nbsp;&nbsp;101460 | &nbsp;&nbsp;&nbsp;&nbsp;4754 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Chart Industries Inc. | &nbsp;&nbsp;&nbsp;&nbsp;30678 | &nbsp;&nbsp;&nbsp;&nbsp;4387 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Trex Co. Inc. | &nbsp;&nbsp;&nbsp;&nbsp;94313 | &nbsp;&nbsp;&nbsp;&nbsp;4328 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Middleby Corp. | &nbsp;&nbsp;&nbsp;&nbsp;29498 | &nbsp;&nbsp;&nbsp;&nbsp;4253 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Lincoln Electric Holdings Inc. | &nbsp;&nbsp;&nbsp;&nbsp;28734 | &nbsp;&nbsp;&nbsp;&nbsp;4249 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Lennox International Inc. | &nbsp;&nbsp;&nbsp;&nbsp;15995 | &nbsp;&nbsp;&nbsp;&nbsp;4166 |

---

------

---

| | | | |
|:---|:---|:---|:---|
|  |  | &nbsp;&nbsp;&nbsp;Shares | &nbsp;&nbsp;Market<br> Value<br> ($000) |
|  | &nbsp;&nbsp;&nbsp;&nbsp;KBR Inc. | &nbsp;&nbsp;&nbsp; 77309 | &nbsp;&nbsp;&nbsp;&nbsp;3995 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;ASGN Inc. | &nbsp;&nbsp;&nbsp; 42938 | &nbsp;&nbsp;&nbsp;&nbsp;3890 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Watts Water Technologies Inc. Class A | &nbsp;&nbsp;&nbsp; 23354 | &nbsp;&nbsp;&nbsp;&nbsp;3700 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Insperity Inc. | &nbsp;&nbsp;&nbsp; 30573 | &nbsp;&nbsp;&nbsp;&nbsp;3624 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Landstar System Inc. | &nbsp;&nbsp;&nbsp; 20252 | &nbsp;&nbsp;&nbsp;&nbsp;3503 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Simpson Manufacturing Co. Inc. | &nbsp;&nbsp;&nbsp; 36920 | &nbsp;&nbsp;&nbsp;&nbsp;3435 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;nVent Electric plc | &nbsp;&nbsp;&nbsp; 84036 | &nbsp;&nbsp;&nbsp;&nbsp;3362 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;ITT Inc. | &nbsp;&nbsp;&nbsp; 39612 | &nbsp;&nbsp;&nbsp;&nbsp;3348 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Donaldson Co. Inc. | &nbsp;&nbsp;&nbsp; 53894 | &nbsp;&nbsp;&nbsp;&nbsp;3283 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Regal Rexnord Corp. | &nbsp;&nbsp;&nbsp; 23885 | &nbsp;&nbsp;&nbsp;&nbsp;3132 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Clean Harbors Inc. | &nbsp;&nbsp;&nbsp; 25394 | &nbsp;&nbsp;&nbsp;&nbsp;3047 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;MasTec Inc. | &nbsp;&nbsp;&nbsp; 25720 | &nbsp;&nbsp;&nbsp;&nbsp;2336 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;IAA Inc. | &nbsp;&nbsp;&nbsp; 61777 | &nbsp;&nbsp;&nbsp;&nbsp;2309 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;MSA Safety Inc. | &nbsp;&nbsp;&nbsp; 16042 | &nbsp;&nbsp;&nbsp;&nbsp;2262 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Crane Holdings Co. | &nbsp;&nbsp;&nbsp;&nbsp;19985 | &nbsp;&nbsp;&nbsp;&nbsp;2117 |
| <sup>\*,1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;SunPower Corp. | &nbsp;&nbsp;&nbsp;&nbsp;72976 | &nbsp;&nbsp;&nbsp;&nbsp;1770 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Vicor Corp. | &nbsp;&nbsp;&nbsp;&nbsp;18981 | &nbsp;&nbsp;&nbsp;&nbsp;1025 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Dycom Industries Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9838 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;897 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Esab Corp. | &nbsp;&nbsp;&nbsp;&nbsp;18164 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;860 |
|  |  |  | &nbsp;&nbsp;**170810** |
| **Information Technology (16.0%)** | **Information Technology (16.0%)** | **Information Technology (16.0%)** | **Information Technology (16.0%)** |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;First Solar Inc. | &nbsp;&nbsp;&nbsp;&nbsp;50030 | &nbsp;&nbsp;&nbsp;&nbsp;8632 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Lattice Semiconductor Corp. | &nbsp;&nbsp;&nbsp;117458 | &nbsp;&nbsp;&nbsp;&nbsp;8554 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Fair Isaac Corp. | &nbsp;&nbsp;&nbsp;&nbsp;12529 | &nbsp;&nbsp;&nbsp;&nbsp;7764 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Paylocity Holding Corp. | &nbsp;&nbsp;&nbsp;&nbsp;34991 | &nbsp;&nbsp;&nbsp;&nbsp;7622 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Manhattan Associates Inc. | &nbsp;&nbsp;&nbsp;&nbsp;53650 | &nbsp;&nbsp;&nbsp;&nbsp;6757 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Dynatrace Inc. | &nbsp;&nbsp;&nbsp;172051 | &nbsp;&nbsp;&nbsp;&nbsp;6667 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Aspen Technology Inc. | &nbsp;&nbsp;&nbsp;&nbsp;24754 | &nbsp;&nbsp;&nbsp;&nbsp;5706 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;ExlService Holdings Inc. | &nbsp;&nbsp;&nbsp;&nbsp;28283 | &nbsp;&nbsp;&nbsp;&nbsp;5295 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Wolfspeed Inc. | &nbsp;&nbsp;&nbsp;&nbsp;58165 | &nbsp;&nbsp;&nbsp;&nbsp;5288 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Cognex Corp. | &nbsp;&nbsp;&nbsp;&nbsp;93440 | &nbsp;&nbsp;&nbsp;&nbsp;4651 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Concentrix Corp. | &nbsp;&nbsp;&nbsp;&nbsp;36504 | &nbsp;&nbsp;&nbsp;&nbsp;4467 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Genpact Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;95295 | &nbsp;&nbsp;&nbsp;&nbsp;4394 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Silicon Laboratories Inc. | &nbsp;&nbsp;&nbsp;&nbsp;29275 | &nbsp;&nbsp;&nbsp;&nbsp;4258 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Universal Display Corp. | &nbsp;&nbsp;&nbsp;&nbsp;37167 | &nbsp;&nbsp;&nbsp;&nbsp;4186 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Power Integrations Inc. | &nbsp;&nbsp;&nbsp;&nbsp;48913 | &nbsp;&nbsp;&nbsp;&nbsp;3936 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Jabil Inc. | &nbsp;&nbsp;&nbsp;&nbsp;51775 | &nbsp;&nbsp;&nbsp;&nbsp;3738 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Qualys Inc. | &nbsp;&nbsp;&nbsp;&nbsp;29864 | &nbsp;&nbsp;&nbsp;&nbsp;3683 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Maximus Inc. | &nbsp;&nbsp;&nbsp;&nbsp;51795 | &nbsp;&nbsp;&nbsp;&nbsp;3641 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Ciena Corp. | &nbsp;&nbsp;&nbsp;&nbsp;80677 | &nbsp;&nbsp;&nbsp;&nbsp;3627 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Synaptics Inc. | &nbsp;&nbsp;&nbsp;&nbsp;33891 | &nbsp;&nbsp;&nbsp;&nbsp;3591 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Calix Inc. | &nbsp;&nbsp;&nbsp;&nbsp;48553 | &nbsp;&nbsp;&nbsp;&nbsp;3462 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Littelfuse Inc. | &nbsp;&nbsp;&nbsp;&nbsp;13128 | &nbsp;&nbsp;&nbsp;&nbsp;3236 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Novanta Inc. | &nbsp;&nbsp;&nbsp;&nbsp;19818 | &nbsp;&nbsp;&nbsp;&nbsp;3126 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Teradata Corp. | &nbsp;&nbsp;&nbsp;&nbsp;87942 | &nbsp;&nbsp;&nbsp;&nbsp;3003 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;WEX Inc. | &nbsp;&nbsp;&nbsp;&nbsp;16250 | &nbsp;&nbsp;&nbsp;&nbsp;2749 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;National Instruments Corp. | &nbsp;&nbsp;&nbsp;&nbsp;59987 | &nbsp;&nbsp;&nbsp;&nbsp;2461 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;MACOM Technology Solutions Holdings Inc. | &nbsp;&nbsp;&nbsp;&nbsp;34096 | &nbsp;&nbsp;&nbsp;&nbsp;2342 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;MKS Instruments Inc. | &nbsp;&nbsp;&nbsp;&nbsp;26902 | &nbsp;&nbsp;&nbsp;&nbsp;2256 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Coherent Corp. | &nbsp;&nbsp;&nbsp;&nbsp;53225 | &nbsp;&nbsp;&nbsp;&nbsp;1952 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Cirrus Logic Inc. | &nbsp;&nbsp;&nbsp;&nbsp;22970 | &nbsp;&nbsp;&nbsp;&nbsp;1716 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;CommVault Systems Inc. | &nbsp;&nbsp;&nbsp;&nbsp;24909 | &nbsp;&nbsp;&nbsp;&nbsp;1644 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Envestnet Inc. | &nbsp;&nbsp;&nbsp;&nbsp;25004 | &nbsp;&nbsp;&nbsp;&nbsp;1476 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Blackbaud Inc. | &nbsp;&nbsp;&nbsp;&nbsp;24754 | &nbsp;&nbsp;&nbsp;&nbsp;1467 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Lumentum Holdings Inc. | &nbsp;&nbsp;&nbsp;&nbsp;26551 | &nbsp;&nbsp;&nbsp;&nbsp;1459 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;SiTime Corp. | &nbsp;&nbsp;&nbsp;&nbsp;13637 | &nbsp;&nbsp;&nbsp;&nbsp;1438 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Euronet Worldwide Inc. | &nbsp;&nbsp;&nbsp;&nbsp;13675 | &nbsp;&nbsp;&nbsp;&nbsp;1271 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Semtech Corp. | &nbsp;&nbsp;&nbsp;&nbsp;35769 | &nbsp;&nbsp;&nbsp;&nbsp;1100 |

---

------

---

| | | | |
|:---|:---|:---|:---|
|  |  | &nbsp;&nbsp;&nbsp;Shares | &nbsp;&nbsp;Market<br> Value<br> ($000) |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Amkor Technology Inc. | &nbsp;&nbsp;&nbsp; 35291 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;989 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;ACI Worldwide Inc. | &nbsp;&nbsp;&nbsp; 45737 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;956 |
|  |  |  | &nbsp;&nbsp;**144560** |
| **Materials (7.7%)** | **Materials (7.7%)** | **Materials (7.7%)** | **Materials (7.7%)** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Steel Dynamics Inc. | &nbsp;&nbsp;&nbsp;148392 | 15422 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Cleveland-Cliffs Inc. | &nbsp;&nbsp;&nbsp;442486 | &nbsp;&nbsp;&nbsp;&nbsp;6850 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Olin Corp. | &nbsp;&nbsp;&nbsp;115467 | &nbsp;&nbsp;&nbsp;&nbsp;6579 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;RPM International Inc. | &nbsp;&nbsp;&nbsp; 56280 | &nbsp;&nbsp;&nbsp;&nbsp;5832 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Valvoline Inc. | &nbsp;&nbsp;&nbsp;151419 | &nbsp;&nbsp;&nbsp;&nbsp;4994 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Eagle Materials Inc. | &nbsp;&nbsp;&nbsp; 32235 | &nbsp;&nbsp;&nbsp;&nbsp;4395 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Louisiana-Pacific Corp. | &nbsp;&nbsp;&nbsp; 63188 | &nbsp;&nbsp;&nbsp;&nbsp;4031 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Royal Gold Inc. | &nbsp;&nbsp;&nbsp; 33688 | &nbsp;&nbsp;&nbsp;&nbsp;3784 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Alcoa Corp. | &nbsp;&nbsp;&nbsp; 61565 | &nbsp;&nbsp;&nbsp;&nbsp;3086 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;AptarGroup Inc. | &nbsp;&nbsp;&nbsp; 25705 | &nbsp;&nbsp;&nbsp;&nbsp;2728 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;MP Materials Corp. | &nbsp;&nbsp;&nbsp;&nbsp;78964 | &nbsp;&nbsp;&nbsp;&nbsp;2626 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Avient Corp. | &nbsp;&nbsp;&nbsp;&nbsp;73123 | &nbsp;&nbsp;&nbsp;&nbsp;2531 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Ashland Inc. | &nbsp;&nbsp;&nbsp;&nbsp;18323 | &nbsp;&nbsp;&nbsp;&nbsp;2050 |
| <sup>1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Scotts Miracle-Gro Co. | &nbsp;&nbsp;&nbsp;&nbsp;34598 | &nbsp;&nbsp;&nbsp;&nbsp;1935 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Sensient Technologies Corp. | &nbsp;&nbsp;&nbsp;&nbsp;20488 | &nbsp;&nbsp;&nbsp;&nbsp;1531 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Ingevity Corp. | &nbsp;&nbsp;&nbsp;&nbsp;16510 | &nbsp;&nbsp;&nbsp;&nbsp;1292 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;**69666** |
| **Real Estate (6.4%)** | **Real Estate (6.4%)** | **Real Estate (6.4%)** | **Real Estate (6.4%)** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Rexford Industrial Realty Inc. | &nbsp;&nbsp;&nbsp;146326 | &nbsp;&nbsp;&nbsp;&nbsp;8090 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Life Storage Inc. | &nbsp;&nbsp;&nbsp;&nbsp;72180 | &nbsp;&nbsp;&nbsp;&nbsp;7759 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;EastGroup Properties Inc. | &nbsp;&nbsp;&nbsp;&nbsp;37264 | &nbsp;&nbsp;&nbsp;&nbsp;5785 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Lamar Advertising Co. Class A | &nbsp;&nbsp;&nbsp;&nbsp;49179 | &nbsp;&nbsp;&nbsp;&nbsp;4925 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;First Industrial Realty Trust Inc. | &nbsp;&nbsp;&nbsp;&nbsp;77949 | &nbsp;&nbsp;&nbsp;&nbsp;3940 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Independence Realty Trust Inc. | &nbsp;&nbsp;&nbsp;189759 | &nbsp;&nbsp;&nbsp;&nbsp;3438 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Jones Lang LaSalle Inc. | &nbsp;&nbsp;&nbsp;&nbsp;20084 | &nbsp;&nbsp;&nbsp;&nbsp;3378 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Healthcare Realty Trust Inc. Class A | &nbsp;&nbsp;&nbsp;159500 | &nbsp;&nbsp;&nbsp;&nbsp;3275 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Brixmor Property Group Inc. | &nbsp;&nbsp;&nbsp;140998 | &nbsp;&nbsp;&nbsp;&nbsp;3268 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;National Retail Properties Inc. | &nbsp;&nbsp;&nbsp;&nbsp;68176 | &nbsp;&nbsp;&nbsp;&nbsp;3161 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;National Storage Affiliates Trust | &nbsp;&nbsp;&nbsp;&nbsp;72998 | &nbsp;&nbsp;&nbsp;&nbsp;2906 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Rayonier Inc. | &nbsp;&nbsp;&nbsp;&nbsp;75147 | &nbsp;&nbsp;&nbsp;&nbsp;2696 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Apartment Income REIT Corp. Class A | &nbsp;&nbsp;&nbsp;&nbsp;61981 | &nbsp;&nbsp;&nbsp;&nbsp;2358 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;PotlatchDeltic Corp. | &nbsp;&nbsp;&nbsp;&nbsp;30320 | &nbsp;&nbsp;&nbsp;&nbsp;1449 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Douglas Emmett Inc. | &nbsp;&nbsp;&nbsp;&nbsp;69050 | &nbsp;&nbsp;&nbsp;&nbsp;1196 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;**57624** |
| **Utilities (1.4%)** | **Utilities (1.4%)** | **Utilities (1.4%)** | **Utilities (1.4%)** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Essential Utilities Inc. | &nbsp;&nbsp;&nbsp;128497 | &nbsp;&nbsp;&nbsp;&nbsp;6199 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;National Fuel Gas Co. | &nbsp;&nbsp;&nbsp;&nbsp;40692 | &nbsp;&nbsp;&nbsp;&nbsp;2695 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;OGE Energy Corp. | &nbsp;&nbsp;&nbsp;&nbsp;63371 | &nbsp;&nbsp;&nbsp;&nbsp;2564 |
| <sup>1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Ormat Technologies Inc. | &nbsp;&nbsp;&nbsp;&nbsp;14556 | &nbsp;&nbsp;&nbsp;&nbsp;1316 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;**12774** |
| **Total Common Stocks (Cost $849,753)** | **Total Common Stocks (Cost $849,753)** | **Total Common Stocks (Cost $849,753)** | **902397** |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  |  | Coupon | &nbsp;&nbsp;&nbsp;Shares | &nbsp;&nbsp;Market<br> Value<br> ($000) |
| **Temporary Cash Investments (1.6%)** | **Temporary Cash Investments (1.6%)** | **Temporary Cash Investments (1.6%)** | **Temporary Cash Investments (1.6%)** | **Temporary Cash Investments (1.6%)** |
| **Money Market Fund (1.6%)** | **Money Market Fund (1.6%)** | **Money Market Fund (1.6%)** | **Money Market Fund (1.6%)** | **Money Market Fund (1.6%)** |
| <sup>2,3</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Vanguard Market Liquidity Fund<br> **(Cost $14,208)** | 3.877% | 142112 | &nbsp;&nbsp;&nbsp; **14210** |
| **Total Investments (101.4%) (Cost $863,961)** | **Total Investments (101.4%) (Cost $863,961)** | **Total Investments (101.4%) (Cost $863,961)** |  | **916607** |
| **Other Assets and Liabilities—Net (-1.4%)** | **Other Assets and Liabilities—Net (-1.4%)** | **Other Assets and Liabilities—Net (-1.4%)** |  | &nbsp;&nbsp;**(13044)** |
| **Net Assets (100%)** | **Net Assets (100%)** | **Net Assets (100%)** |  | **903563** |

---

Cost is in $000.

---

| | |
|:---|:---|
| \* | Non-income-producing security. |
| 1 | Includes partial security positions on loan to broker-dealers. The total value of securities on loan is $13,403,000. |
| 2 | Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield. |
| 3 | Collateral of $13,653,000 was received for securities on loan. |

---

REIT—Real Estate Investment Trust.

------

#### Derivative Financial Instruments Outstanding as of Period End

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| Futures Contracts | Futures Contracts | Futures Contracts | Futures Contracts | Futures Contracts |
|  |  |  | ($000) | ($000) |
|  | Expiration | Number of<br> Long (Short)<br> Contracts | Notional<br> Amount | &nbsp;&nbsp;Value and<br> Unrealized<br> Appreciation<br> (Depreciation) |
| Long Futures Contracts | Long Futures Contracts | Long Futures Contracts | Long Futures Contracts | Long Futures Contracts |
| E-mini S&P Mid-Cap 400 Index | December 2022 | 4 | 1032 | &nbsp;&nbsp;34 |

---

------

A. Security Valuation: Securities are valued as of the close of trading on the New York Stock Exchange (generally 4 p.m., Eastern time) on the valuation date. Equity securities are valued at the latest quoted sales prices or official closing prices taken from the primary market in which each security trades; such securities not traded on the valuation date are valued at the mean of the latest quoted bid and asked prices. Securities for which market quotations are not readily available, or whose values have been affected by events occurring before the fund's pricing time but after the close of the securities' primary markets, are valued by methods deemed by the valuation designee to represent fair value and subject to oversight by the board of trustees.

Investments in Vanguard Market Liquidity Fund are valued at that fund's net asset value.

B. Futures Contracts: The fund uses index futures contracts to a limited extent, with the objectives of maintaining full exposure to the stock market, maintaining liquidity, and minimizing transaction costs. The fund may purchase futures contracts to immediately invest incoming cash in the market, or sell futures in response to cash outflows, thereby simulating a fully invested position in the underlying index while maintaining a cash balance for liquidity. The primary risks associated with the use of futures contracts are imperfect correlation between changes in market values of stocks held by the fund and the prices of futures contracts, and the possibility of an illiquid market. Counterparty risk involving futures is mitigated because a regulated clearinghouse is the counterparty instead of the clearing broker. To further mitigate counterparty risk, the fund trades futures contracts on an exchange, monitors the financial strength of its clearing brokers and clearinghouse, and has entered into clearing agreements with its clearing brokers. The clearinghouse imposes initial margin requirements to secure the fund's performance and requires daily settlement of variation margin representing changes in the market value of each contract. Any securities pledged as initial margin for open contracts are noted in the Schedule of Investments.

Futures contracts are valued at their quoted daily settlement prices. Fluctuations in the value of the contracts are recorded as an asset (liability).

C. Various inputs may be used to determine the value of the fund's investments and derivatives. These inputs are summarized in three broad levels for financial statement purposes. The inputs or methodologies used to value securities are not necessarily an indication of the risk associated with investing in those securities.

#### Level 1 —Quoted prices in active markets for identical securities.

#### Level 2 —Other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).
**Level 3—Significant unobservable inputs (including the fund's own assumptions used to determine the fair value of investments). Any investments and derivatives valued with significant unobservable inputs are noted on the Schedule of Investments.**

At November 30, 2022, 100% of the market value of the fund's investments and derivatives was determined based on Level 1 inputs.

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** VANGUARD ADMIRAL FUNDS

- **b. Investment Company Act file number:** 811-07043

- **c. CIK number of Registrant:** 0000891190

- **d. LEI of Registrant:** 5493001VGEE37B6RMO86

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

  - **Street Address 1:** 100 Vanguard Boulevard

  - **City:** Malvern

  - **State:** PA

  - **Foreign country:** US

  - **Zip / Postal Code:** 19355

  - **Telephone number:** 610-669-1000

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

- **a. Name of Series:** VANGUARD S&P MID-CAP 400 GROWTH INDEX FUND

- **b. EDGAR series identifier (if any):** S000030016

- **c. LEI of Series:** RZXKLM4NTXPQYH0XLN64

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

- **a. Date of fiscal year-end:** 2023-08-31

- **b. Date as of which information is reported:** 2022-11-30

**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:** $912907184.91

**Total Liabilities:** $9320163.11

**Net Assets:** $903587021.80

**Cash Not Reported:** $107684.70

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000092042 | -8.84%               | 9.43%                | 5.74%                |
| Class ID C000092043 | -8.85%               | 9.43%                | 5.73%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-4137054.68             | $-72047879.06                              |
| Month 2  | $-389295.15              | $73017720.40                               |
| Month 3  | $-25.35                  | $48014712.39                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ExlService Holdings Inc                           | EXLSERVICE HOLDI               | CUSIP: 302081104<br>LEI: 81E3DTNF6OSH489ZOV15 | Long             | EC               | CORP              | US        |     28372 | NS      | $5311238.40   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Tempur Sealy International Inc                    | TEMPUR SEALY INT               | CUSIP: 88023U101<br>LEI: 549300HFEKVR3US71V91 | Long             | EC               | CORP              | US        |    147733 | NS      | $4693477.41   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Boston Beer Co Inc/The                            | BOSTON BEER-A                  | CUSIP: 100557107<br>LEI: 529900Q02MQ0DCQNRM58 | Long             | EC               | CORP              | US        |      4896 | NS      | $1881875.52   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Celsius Holdings Inc                              | CELSIUS HOLDINGS               | CUSIP: 15118V207<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     34400 | NS      | $3830096.00   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Skechers USA Inc                                  | SKECHERS USA-A                 | CUSIP: 830566105<br>LEI: 529900D2R54KZPA4XR56 | Long             | EC               | CORP              | US        |     54402 | NS      | $2294132.34   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| MSA Safety Inc                                    | MSA SAFETY INC                 | CUSIP: 553498106<br>LEI: 529900DVA3258XK11O39 | Long             | EC               | CORP              | US        |     16083 | NS      | $2267863.83   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Chemed Corp                                       | CHEMED CORP                    | CUSIP: 16359R103<br>LEI: 54930020031IDJT2IM79 | Long             | EC               | CORP              | US        |      7288 | NS      | $3789760.00   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Penumbra Inc                                      | PENUMBRA INC                   | CUSIP: 70975L107<br>LEI: 549300RGE06P3ECANU72 | Long             | EC               | CORP              | US        |     32509 | NS      | $6810960.59   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Exelixis Inc                                      | EXELIXIS INC                   | CUSIP: 30161Q104<br>LEI: 254900PJQB59O2O95R37 | Long             | EC               | CORP              | US        |    146338 | NS      | $2499453.04   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Option Care Health Inc                            | OPTION CARE HEAL               | CUSIP: 68404L201<br>LEI: 549300DI3Q5ACSYJRI17 | Long             | EC               | CORP              | US        |    132639 | NS      | $3993760.29   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Watsco Inc                                        | WATSCO INC                     | CUSIP: 942622200<br>LEI: 549300F1Y3LN5BX5WN75 | Long             | EC               | CORP              | US        |     18806 | NS      | $5058437.88   | 0.56%             |  |  |  | No            |                  1 | On Loan: —       |
| MACOM Technology Solutions Holdings Inc           | MACOM TECHNOLOGY               | CUSIP: 55405Y100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     34200 | NS      | $2349198.00   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| TEGNA Inc                                         | TEGNA INC                      | CUSIP: 87901J105<br>LEI: 549300YC5EDBGX85AO10 | Long             | EC               | CORP              | US        |     84230 | NS      | $1662700.20   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| CommVault Systems Inc                             | COMMVAULT SYSTEM               | CUSIP: 204166102<br>LEI: 65T5VRP62VXG39YFML83 | Long             | EC               | CORP              | US        |     24986 | NS      | $1649076.00   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Esab Corp                                         | ESAB CORP                      | CUSIP: 29605J106<br>LEI: 549300ZNV0SWBXEIWT04 | Long             | EC               | CORP              | US        |     18164 | NS      | $859883.76    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| RH                                                | RH                             | CUSIP: 74967X103<br>LEI: 5493008MTS3OGGMHGK69 | Long             | EC               | CORP              | US        |     17152 | NS      | $4919708.16   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Progyny Inc                                       | PROGYNY INC                    | CUSIP: 74340E103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     39674 | NS      | $1453258.62   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of Hawaii Corp                               | BANK OF HAWAII                 | CUSIP: 062540109<br>LEI: 5493006Q8BQ8AD8M2U33 | Long             | EC               | CORP              | US        |     14469 | NS      | $1167214.23   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Papa John's International Inc                     | PAPA JOHN'S INTL               | CUSIP: 698813102<br>LEI: HZYLD3DK5XOX0WBVNB56 | Long             | EC               | CORP              | US        |     27597 | NS      | $2297726.22   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Light & Wonder Inc                                | LIGHT & WONDER I               | CUSIP: 80874P109<br>LEI: 529900JXALYBOHXKFM62 | Long             | EC               | CORP              | US        |     80938 | NS      | $5242354.26   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| United Therapeutics Corp                          | UNITED THERAPEUT               | CUSIP: 91307C102<br>LEI: 5299005C4HZL4UWROC14 | Long             | EC               | CORP              | US        |     18745 | NS      | $5246538.05   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Halozyme Therapeutics Inc                         | HALOZYME THERAPE               | CUSIP: 40637H109<br>LEI: 529900242I3SV9AGM753 | Long             | EC               | CORP              | US        |    118215 | NS      | $6768990.90   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Cognex Corp                                       | COGNEX CORP                    | CUSIP: 192422103<br>LEI: 549300JQTYZCLC43S226 | Long             | EC               | CORP              | US        |     93723 | NS      | $4665530.94   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Jabil Inc                                         | JABIL INC                      | CUSIP: 466313103<br>LEI: 5493000CGCQY2OQU7669 | Long             | EC               | CORP              | US        |     51938 | NS      | $3749404.22   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Brixmor Property Group Inc                        | BRIXMOR PROPERTY               | CUSIP: 11120U105<br>LEI: 5299007UXW6Y0W2EGZ95 | Long             | EC               | CORP              | US        |    141416 | NS      | $3278022.88   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| DT Midstream Inc                                  | DT MIDSTREAM                   | CUSIP: 23345M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     34930 | NS      | $2107326.90   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Ormat Technologies Inc                            | ORMAT TECHNOLOGI               | CUSIP: 686688102<br>LEI: 5493000TSHHWY24VHM09 | Long             | EC               | CORP              | US        |     14613 | NS      | $1321453.59   | 0.15%             |  |  |  | No            |                  1 | On Loan: —       |
| Calix Inc                                         | CALIX INC                      | CUSIP: 13100M509<br>LEI: 5299002RQRZ4SXSCSJ58 | Long             | EC               | CORP              | US        |     48703 | NS      | $3472523.90   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Royal Gold Inc                                    | ROYAL GOLD INC                 | CUSIP: 780287108<br>LEI: 5493001NGRU6SFL04184 | Long             | EC               | CORP              | US        |     33794 | NS      | $3796080.02   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| National Storage Affiliates Trust                 | NATIONAL STORAGE               | CUSIP: 637870106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     73216 | NS      | $2914728.96   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Fox Factory Holding Corp                          | FOX FACTORY HOLD               | CUSIP: 35138V102<br>LEI: 529900GE1HSV0617R721 | Long             | EC               | CORP              | US        |     36260 | NS      | $3847186.00   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| OGE Energy Corp                                   | OGE ENERGY CORP                | CUSIP: 670837103<br>LEI: CE5OG6JPOZMDSA0LAQ19 | Long             | EC               | CORP              | US        |     63563 | NS      | $2571758.98   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Carlisle Cos Inc                                  | CARLISLE COS INC               | CUSIP: 142339100<br>LEI: XR64VGX1ZPX6G7ZN7Z11 | Long             | EC               | CORP              | US        |     44383 | NS      | $11677611.13  | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Lumentum Holdings Inc                             | LUMENTUM HOL                   | CUSIP: 55024U109<br>LEI: 549300JLWRRC38DWEF52 | Long             | EC               | CORP              | US        |     26644 | NS      | $1463821.36   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Essential Utilities Inc                           | ESSENTIAL UTILIT               | CUSIP: 29670G102<br>LEI: 549300ILTEOF3E3QY357 | Long             | EC               | CORP              | US        |    128864 | NS      | $6216399.36   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| UMB Financial Corp                                | UMB FINANCIAL                  | CUSIP: 902788108<br>LEI: 549300MGEH3N3CUCV828 | Long             | EC               | CORP              | US        |     37297 | NS      | $3189639.44   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Medpace Holdings Inc                              | MEDPACE HOLDINGS               | CUSIP: 58506Q109<br>LEI: 549300H8TYEUVTW14A54 | Long             | EC               | CORP              | US        |     21544 | NS      | $4521870.16   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| SEI Investments Co                                | SEI INVESTMENTS                | CUSIP: 784117103<br>LEI: 5LJTIFADGZ6XH1RVOC11 | Long             | EC               | CORP              | US        |     52108 | NS      | $3245286.24   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Under Armour Inc                                  | UNDER ARMOUR-A                 | CUSIP: 904311107<br>LEI: 549300D4549QKWETZ406 | Long             | EC               | CORP              | US        |     70724 | NS      | $707240.00    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Jones Lang LaSalle Inc                            | JONES LANG LASAL               | CUSIP: 48020Q107<br>LEI: 6SYKCME112RT8TQUO411 | Long             | EC               | CORP              | US        |     20147 | NS      | $3388120.99   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Wyndham Hotels & Resorts Inc                      | WYNDHAM HOTELS &               | CUSIP: 98311A105<br>LEI: 549300FE3MQ4RVXXC673 | Long             | EC               | CORP              | US        |     50376 | NS      | $3693568.32   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Commerce Bancshares Inc/MO                        | COMMERCE BCSHS                 | CUSIP: 200525103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     46794 | NS      | $3505806.48   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Steel Dynamics Inc                                | STEEL DYNAMICS                 | CUSIP: 858119100<br>LEI: 549300HGGKEL4FYTTQ83 | Long             | EC               | CORP              | US        |    148857 | NS      | $15470708.01  | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Acuity Brands Inc                                 | ACUITY BRANDS                  | CUSIP: 00508Y102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     28069 | NS      | $5285112.01   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Arrowhead Pharmaceuticals Inc                     | ARROWHEAD PHARMA               | CUSIP: 04280A100<br>LEI: 549300O3CSB8T7OZ3D66 | Long             | EC               | CORP              | US        |     90815 | NS      | $2924243.00   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| National Retail Properties Inc                    | NATIONAL RETAIL                | CUSIP: 637417106<br>LEI: 5493008JKH5SOTI0JS97 | Long             | EC               | CORP              | US        |     68379 | NS      | $3170050.44   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| ASGN Inc                                          | ASGN INC                       | CUSIP: 00191U102<br>LEI: LZBNYYCBUKY537072438 | Long             | EC               | CORP              | US        |     43070 | NS      | $3902142.00   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| H&R Block Inc                                     | H&R BLOCK INC                  | CUSIP: 093671105<br>LEI: 549300CE3KUCWLZBG404 | Long             | EC               | CORP              | US        |     63011 | NS      | $2754210.81   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| STAAR Surgical Co                                 | STAAR SURGICAL                 | CUSIP: 852312305<br>LEI: 5299006LRHI7OJ8BY308 | Long             | EC               | CORP              | US        |     41217 | NS      | $2353902.87   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| PDC Energy Inc                                    | PDC ENERGY INC                 | CUSIP: 69327R101<br>LEI: 5493008W8H2T511J5Y59 | Long             | EC               | CORP              | US        |     82674 | NS      | $6144331.68   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Aspentech Corp                                    | ASPEN TECHNOLOGY               | CUSIP: 29109X106<br>LEI: 529900B0MZWTVFG7CB96 | Long             | EC               | CORP              | US        |     24832 | NS      | $5723776.00   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Evercore Inc                                      | EVERCORE INC                   | CUSIP: 29977A105<br>LEI: 529900P6KLPT95DW3W58 | Long             | EC               | CORP              | US        |     30894 | NS      | $3558370.92   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Enovis Corp                                       | ENOVIS CORP                    | CUSIP: 194014502<br>LEI: 635400OP2DYYYMOIYL17 | Long             | EC               | CORP              | US        |     16749 | NS      | $906623.37    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Bruker Corp                                       | BRUKER CORP                    | CUSIP: 116794108<br>LEI: LEBZ6VLQ6I8XB1NHVY15 | Long             | EC               | CORP              | US        |     86420 | NS      | $5825572.20   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| First Industrial Realty Trust Inc                 | FIRST IND REALTY               | CUSIP: 32054K103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     78185 | NS      | $3952251.75   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Toro Co/The                                       | TORO CO                        | CUSIP: 891092108<br>LEI: YJKE4YIT6BWQHVEW0D14 | Long             | EC               | CORP              | US        |     89723 | NS      | $9958355.77   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Saia Inc                                          | SAIA INC                       | CUSIP: 78709Y105<br>LEI: 549300WNPG4N9GBOYB29 | Long             | EC               | CORP              | US        |     22661 | NS      | $5519992.99   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Capri Holdings Ltd                                | CAPRI HOLDINGS L               | CUSIP: G1890L107<br>LEI: 549300LPG8W0H1OX3A26 | Long             | EC               | CORP              | US        |     72250 | NS      | $4143537.50   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Antero Resources Corp                             | ANTERO RESOURCES               | CUSIP: 03674X106<br>LEI: APVBKPOULHUX7YZLKU17 | Long             | EC               | CORP              | US        |    136911 | NS      | $5004097.05   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| FTI Consulting Inc                                | FTI CONSULTING                 | CUSIP: 302941109<br>LEI: 549300K17GM8EQD0FQ48 | Long             | EC               | CORP              | US        |     29637 | NS      | $5121866.34   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Darling Ingredients Inc                           | DARLING INGREDIE               | CUSIP: 237266101<br>LEI: L1N0SPPKS7EXZYUMZ898 | Long             | EC               | CORP              | US        |    137602 | NS      | $9883951.66   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Stifel Financial Corp                             | STIFEL FINANCIAL               | CUSIP: 860630102<br>LEI: 549300E5F07FE5GHJX84 | Long             | EC               | CORP              | US        |     91077 | NS      | $5851697.25   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Iridium Communications Inc                        | IRIDIUM COMMUNIC               | CUSIP: 46269C102<br>LEI: 549300U620NVQ4J1CT96 | Long             | EC               | CORP              | US        |     57747 | NS      | $3066365.70   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Watts Water Technologies Inc                      | WATTS WATER TE-A               | CUSIP: 942749102<br>LEI: 549300REJOO94ERQN318 | Long             | EC               | CORP              | US        |     23423 | NS      | $3711374.35   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Avis Budget Group Inc                             | AVIS BUDGET GROU               | CUSIP: 053774105<br>LEI: 529900E95812SYWMCE44 | Long             | EC               | CORP              | US        |     24745 | NS      | $5532982.00   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Regal Rexnord Corp                                | REGAL REXNORD CO               | CUSIP: 758750103<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | EC               | CORP              | US        |     23959 | NS      | $3141264.49   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| WEX Inc                                           | WEX INC                        | CUSIP: 96208T104<br>LEI: T9M5IGROL1TL1G5OV478 | Long             | EC               | CORP              | US        |     16300 | NS      | $2756982.00   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| HealthEquity Inc                                  | HEALTHEQUITY INC               | CUSIP: 42226A107<br>LEI: 529900LRJU1RAFQHM467 | Long             | EC               | CORP              | US        |     48503 | NS      | $3078970.44   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Azenta Inc                                        | AZENTA INC                     | CUSIP: 114340102<br>LEI: 35ZN6X1ANPH25YN32Y17 | Long             | EC               | CORP              | US        |     64360 | NS      | $3875115.60   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Cathay General Bancorp                            | CATHAY GENERAL B               | CUSIP: 149150104<br>LEI: 549300K1SLJ8C97H5L68 | Long             | EC               | CORP              | US        |     24896 | NS      | $1156917.12   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Dick's Sporting Goods Inc                         | DICK'S SPORTING                | CUSIP: 253393102<br>LEI: 529900SSBV5I4LWSK313 | Long             | EC               | CORP              | US        |     48828 | NS      | $5838852.24   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Ingevity Corp                                     | INGEVITY CORP                  | CUSIP: 45688C107<br>LEI: 5493009UTFC4B5IMGF87 | Long             | EC               | CORP              | US        |     16576 | NS      | $1297403.52   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Paylocity Holding Corp                            | PAYLOCITY HOLDIN               | CUSIP: 70438V106<br>LEI: 549300VH75FTB4DIEE07 | Long             | EC               | CORP              | US        |     35099 | NS      | $7645615.17   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Dycom Industries Inc                              | DYCOM INDS                     | CUSIP: 267475101<br>LEI: 549300F56EKTHQI3WT60 | Long             | EC               | CORP              | US        |      9895 | NS      | $901830.30    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Middleby Corp/The                                 | MIDDLEBY CORP                  | CUSIP: 596278101<br>LEI: JDFO86U9VQRBKW5KYA35 | Long             | EC               | CORP              | US        |     29590 | NS      | $4266582.10   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Sotera Health Co                                  | SOTERA HEALTH CO               | CUSIP: 83601L102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     64876 | NS      | $541065.84    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Scotts Miracle-Gro Co/The                         | SCOTTS MIRACLE                 | CUSIP: 810186106<br>LEI: 2TH9E0JTOUXOEGI2R879 | Long             | EC               | CORP              | US        |     34701 | NS      | $1940826.93   | 0.21%             |  |  |  | No            |                  1 | On Loan: —       |
| Trex Co Inc                                       | TREX CO INC                    | CUSIP: 89531P105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     94601 | NS      | $4341239.89   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| CNX Resources Corp                                | CNX RESOURCES CO               | CUSIP: 12653C108<br>LEI: 549300JK3KH8PWM3B226 | Long             | EC               | CORP              | US        |     76473 | NS      | $1328336.01   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Sabre Corp                                        | SABRE CORP                     | CUSIP: 78573M104<br>LEI: 529900VKCYZW8GZ4WW58 | Long             | EC               | CORP              | US        |    135188 | NS      | $825998.68    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| nVent Electric PLC                                | NVENT ELECTRIC                 | CUSIP: G6700G107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     84286 | NS      | $3372282.86   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Polaris Inc                                       | POLARIS INC                    | CUSIP: 731068102<br>LEI: 549300QJSN8UVWN1EI78 | Long             | EC               | CORP              | US        |     20657 | NS      | $2356137.42   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Crocs Inc                                         | CROCS INC                      | CUSIP: 227046109<br>LEI: 549300B0J6YCXD63OG72 | Long             | EC               | CORP              | US        |     52896 | NS      | $5342496.00   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Avient Corp                                       | AVIENT CORP                    | CUSIP: 05368V106<br>LEI: SM8L9RZYIB34LNTWO040 | Long             | EC               | CORP              | US        |     73345 | NS      | $2538470.45   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Columbia Sportswear Co                            | COLUMBIA SPORTSW               | CUSIP: 198516106<br>LEI: 549300OTMCIEUXAH5Z60 | Long             | EC               | CORP              | US        |     16086 | NS      | $1441144.74   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Clean Harbors Inc                                 | CLEAN HARBORS                  | CUSIP: 184496107<br>LEI: 5493000SJVZVZJKHJF48 | Long             | EC               | CORP              | US        |     25474 | NS      | $3056880.00   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Ciena Corp                                        | CIENA CORP                     | CUSIP: 171779309<br>LEI: W0CZ7N0GH8UIGXDM1H41 | Long             | EC               | CORP              | US        |     80925 | NS      | $3638388.00   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Amkor Technology Inc                              | AMKOR TECH INC                 | CUSIP: 031652100<br>LEI: 529900VHLRTKPWZJBM84 | Long             | EC               | CORP              | US        |     35291 | NS      | $988853.82    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Manhattan Associates Inc                          | MANHATTAN ASSOC                | CUSIP: 562750109<br>LEI: 529900Q1GJP7KD52SW51 | Long             | EC               | CORP              | US        |     53811 | NS      | $6776957.34   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Synaptics Inc                                     | SYNAPTICS INC                  | CUSIP: 87157D109<br>LEI: 549300AJ3LI4FWNRQX29 | Long             | EC               | CORP              | US        |     33994 | NS      | $3602344.18   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Matador Resources Co                              | MATADOR RESOURCE               | CUSIP: 576485205<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | EC               | CORP              | US        |     96333 | NS      | $6392657.88   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Wintrust Financial Corp                           | WINTRUST FINL                  | CUSIP: 97650W108<br>LEI: Q774KI4AW80FHFW33O61 | Long             | EC               | CORP              | US        |     26064 | NS      | $2383031.52   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| LivaNova PLC                                      | LIVANOVA PLC                   | CUSIP: G5509L101<br>LEI: 2138001K2FX6SHK2B339 | Long             | EC               | CORP              | US        |     27564 | NS      | $1526218.68   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Gentex Corp                                       | GENTEX CORP                    | CUSIP: 371901109<br>LEI: 549300S3UD8XV1MN0287 | Long             | EC               | CORP              | US        |    106903 | NS      | $3089496.70   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Valmont Industries Inc                            | VALMONT INDS                   | CUSIP: 920253101<br>LEI: 5493009ZGZJJ8F77JN08 | Long             | EC               | CORP              | US        |     18320 | NS      | $6204251.20   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Simpson Manufacturing Co Inc                      | SIMPSON MFG                    | CUSIP: 829073105<br>LEI: 529900EJUNNL15LZ8056 | Long             | EC               | CORP              | US        |     37028 | NS      | $3445455.40   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Churchill Downs Inc                               | CHURCHILL DOWNS                | CUSIP: 171484108<br>LEI: 529900FODTBQC8MIS994 | Long             | EC               | CORP              | US        |     28463 | NS      | $6317647.48   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| GameStop Corp                                     | GAMESTOP CORP-A                | CUSIP: 36467W109<br>LEI: 549300505KLOET039L77 | Long             | EC               | CORP              | US        |    216861 | NS      | $5683926.81   | 0.63%             |  |  |  | No            |                  1 | On Loan: —       |
| Independence Realty Trust Inc                     | INDEPENDENCE REA               | CUSIP: 45378A106<br>LEI: 549300Z3L8NU44NQEB29 | Long             | EC               | CORP              | US        |    190343 | NS      | $3449015.16   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Navient Corp                                      | NAVIENT CORP                   | CUSIP: 63938C108<br>LEI: 54930067J0ZNOEBRW338 | Long             | EC               | CORP              | US        |     94970 | NS      | $1573652.90   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Qualys Inc                                        | QUALYS INC                     | CUSIP: 74758T303<br>LEI: 549300EMBXYOW9W1XA17 | Long             | EC               | CORP              | US        |     29958 | NS      | $3694420.56   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| RLI Corp                                          | RLI CORP                       | CUSIP: 749607107<br>LEI: 529900AMTJE5ECN9PS55 | Long             | EC               | CORP              | US        |     20788 | NS      | $2703895.16   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Service Corp International/US                     | SERVICE CORP INT               | CUSIP: 817565104<br>LEI: 549300RKVM2ME20JHZ15 | Long             | EC               | CORP              | US        |    135284 | NS      | $9666041.80   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| MKS Instruments Inc                               | MKS INSTRUMENTS                | CUSIP: 55306N104<br>LEI: 549300KEQATBHAGVF505 | Long             | EC               | CORP              | US        |     26984 | NS      | $2262878.24   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Glacier Bancorp Inc                               | GLACIER BANCORP                | CUSIP: 37637Q105<br>LEI: 549300SMJAUKZB5D7V74 | Long             | EC               | CORP              | US        |     95026 | NS      | $5502005.40   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| SLM Corp                                          | SLM CORP                       | CUSIP: 78442P106<br>LEI: 4K8SLPBF5DXXGPW03H93 | Long             | EC               | CORP              | US        |    215712 | NS      | $3766331.52   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| ChampionX Corp                                    | CHAMPIONX CORP                 | CUSIP: 15872M104<br>LEI: 549300EP2909K6DYYP38 | Long             | EC               | CORP              | US        |     81938 | NS      | $2526967.92   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Choice Hotels International Inc                   | CHOICE HOTELS                  | CUSIP: 169905106<br>LEI: 5493003CYRY5RFGTIR97 | Long             | EC               | CORP              | US        |     16923 | NS      | $2085252.06   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Semtech Corp                                      | SEMTECH CORP                   | CUSIP: 816850101<br>LEI: 549300J7WUY317SW6O61 | Long             | EC               | CORP              | US        |     35940 | NS      | $1104795.60   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| KBR Inc                                           | KBR INC                        | CUSIP: 48242W106<br>LEI: 254900OFQDXZRKRCV808 | Long             | EC               | CORP              | US        |     77553 | NS      | $4007163.51   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Lantheus Holdings Inc                             | LANTHEUS HOLDING               | CUSIP: 516544103<br>LEI: 5299005HUB5IOJGO7S39 | Long             | EC               | CORP              | US        |     34811 | NS      | $2161066.88   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Globus Medical Inc                                | GLOBUS MEDICAL I               | CUSIP: 379577208<br>LEI: 5299003M2P4CIK0RF205 | Long             | EC               | CORP              | US        |     39658 | NS      | $2930329.62   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Chart Industries Inc                              | CHART INDUSTRIES               | CUSIP: 16115Q308<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | EC               | CORP              | US        |     30774 | NS      | $4400374.26   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Five Below Inc                                    | FIVE BELOW                     | CUSIP: 33829M101<br>LEI: 529900AAXP5Z6BGI7418 | Long             | EC               | CORP              | US        |     47611 | NS      | $7658705.46   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Boyd Gaming Corp                                  | BOYD GAMING CORP               | CUSIP: 103304101<br>LEI: 254900787YGRYS2A1Z35 | Long             | EC               | CORP              | US        |     69673 | NS      | $4273045.09   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Frontier Communications Parent Inc                | FRONTIER COMMUNI               | CUSIP: 35909D109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     63129 | NS      | $1626834.33   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Dynatrace Inc                                     | DYNATRACE INC                  | CUSIP: 268150109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    172574 | NS      | $6687242.50   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| SiTime Corp                                       | SITIME CORP                    | CUSIP: 82982T106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     13688 | NS      | $1443536.48   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Healthcare Realty Trust Inc                       | HEALTHCARE REALT               | CUSIP: 42226K105<br>LEI: 549300L0I14L7I0VLX84 | Long             | EC               | CORP              | US        |    159996 | NS      | $3284717.88   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| ACI Worldwide Inc                                 | ACI WORLDWIDE IN               | CUSIP: 004498101<br>LEI: 5493003BPVMZUJ6F5C02 | Long             | EC               | CORP              | US        |     45982 | NS      | $961023.80    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| SunPower Corp                                     | SUNPOWER CORP                  | CUSIP: 867652406<br>LEI: 549300TXO070764WUH65 | Long             | EC               | CORP              | US        |     73208 | NS      | $1775294.00   | 0.20%             |  |  |  | No            |                  1 | On Loan: —       |
| Wolfspeed Inc                                     | WOLFSPEED INC                  | CUSIP: 977852102<br>LEI: 549300OGU88P3AW3TO93 | Long             | EC               | CORP              | US        |     58347 | NS      | $5304909.24   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| PotlatchDeltic Corp                               | POTLATCHDELTIC C               | CUSIP: 737630103<br>LEI: 54930084YA8UJOTXDM59 | Long             | EC               | CORP              | US        |     30427 | NS      | $1454106.33   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Hancock Whitney Corp                              | HANCOCK WHITNEY                | CUSIP: 410120109<br>LEI: 549300GRNBWY8HIICT41 | Long             | EC               | CORP              | US        |     33109 | NS      | $1815697.56   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Alcoa Corp                                        | ALCOA CORP                     | CUSIP: 013872106<br>LEI: 549300T12EZ1F6PWWU29 | Long             | EC               | CORP              | US        |     61762 | NS      | $3096129.06   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Coherent Corp                                     | COHERENT CORP                  | CUSIP: 19247G107<br>LEI: 549300O5C25A0MMHHU33 | Long             | EC               | CORP              | US        |     53391 | NS      | $1957847.97   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Lattice Semiconductor Corp                        | LATTICE SEMICOND               | CUSIP: 518415104<br>LEI: 549300LRBBPZDQ2II567 | Long             | EC               | CORP              | US        |    117821 | NS      | $8580903.43   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| John Wiley & Sons Inc                             | WILEY JOHN&SON-A               | CUSIP: 968223206<br>LEI: 5493003XM719UN7E8P64 | Long             | EC               | CORP              | US        |     18434 | NS      | $873955.94    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Home BancShares Inc/AR                            | HOME BANCSHARES                | CUSIP: 436893200<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     60564 | NS      | $1541353.80   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Jefferies Financial Group Inc                     | JEFFERIES FINANC               | CUSIP: 47233W109<br>LEI: 549300HOF34RGOJ5YL07 | Long             | EC               | CORP              | US        |    159566 | NS      | $6061912.34   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Insperity Inc                                     | INSPERITY INC                  | CUSIP: 45778Q107<br>LEI: 5299000Q0KW7HY5DB751 | Long             | EC               | CORP              | US        |     30664 | NS      | $3635217.20   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Primerica Inc                                     | PRIMERICA INC                  | CUSIP: 74164M108<br>LEI: 254900621R686KJR7022 | Long             | EC               | CORP              | US        |     19920 | NS      | $2968677.60   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Neurocrine Biosciences Inc                        | NEUROCRINE BIOSC               | CUSIP: 64125C109<br>LEI: 549300FECER0XBN49756 | Long             | EC               | CORP              | US        |     82059 | NS      | $10426416.54  | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Maximus Inc                                       | MAXIMUS INC                    | CUSIP: 577933104<br>LEI: 549300DQCDS8HJ7QF202 | Long             | EC               | CORP              | US        |     51942 | NS      | $3651522.60   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Roadhouse Inc                               | TEXAS ROADHOUS                 | CUSIP: 882681109<br>LEI: 5299002Y1CNRPDGXTQ75 | Long             | EC               | CORP              | US        |     34421 | NS      | $3418693.72   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Cmt Funds-Vanguard Market Liquidity Fund | Vanguard Market Liquidity Fund | CUSIP: N/A<br>LEI: 1I6HV0TLSTR3A4XQ6L78       | Long             | STIV             | CORP              | US        |      4466 | NS      | $446531.54    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| MP Materials Corp                                 | MP MATERIALS COR               | CUSIP: 553368101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     79214 | NS      | $2633865.50   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| AptarGroup Inc                                    | APTARGROUP INC                 | CUSIP: 038336103<br>LEI: VNPEQDQFAA7IY1T2PX43 | Long             | EC               | CORP              | US        |     25782 | NS      | $2736501.48   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Ziff Davis Inc                                    | ZIFF DAVIS INC                 | CUSIP: 48123V102<br>LEI: 5493008OJYGLHD7MXA18 | Long             | EC               | CORP              | US        |     40487 | NS      | $3735330.62   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| QuidelOrtho Corp                                  | QUIDELORTHO CORP               | CUSIP: 219798105<br>LEI: 549300YU8CMO9HF53113 | Long             | EC               | CORP              | US        |     46532 | NS      | $4076668.52   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Envestnet Inc                                     | ENVESTNET INC                  | CUSIP: 29404K106<br>LEI: 549300HLWZ5OKIDM8737 | Long             | EC               | CORP              | US        |     25092 | NS      | $1480929.84   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Olin Corp                                         | OLIN CORP                      | CUSIP: 680665205<br>LEI: 549300GKK294V7W57P06 | Long             | EC               | CORP              | US        |    115823 | NS      | $6599594.54   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinsale Capital Group Inc                         | KINSALE CAPITAL                | CUSIP: 49714P108<br>LEI: 529900QTUQHNZ6HOA508 | Long             | EC               | CORP              | US        |     18475 | NS      | $5694179.75   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Consolidated Inc                        | COCA-COLA CONSOL               | CUSIP: 191098102<br>LEI: 57VG5X0E00X0QJU7CQ58 | Long             | EC               | CORP              | US        |      3950 | NS      | $1942610.00   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Southwestern Energy Co                            | SOUTHWESTRN ENGY               | CUSIP: 845467109<br>LEI: EFWMP121W54QV9MGOP87 | Long             | EC               | CORP              | US        |    612130 | NS      | $4235939.60   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| National Fuel Gas Co                              | NATL FUEL GAS CO               | CUSIP: 636180101<br>LEI: 8JB38FFW1Y3C1HM8E841 | Long             | EC               | CORP              | US        |     40820 | NS      | $2703508.60   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| YETI Holdings Inc                                 | YETI HOLDINGS IN               | CUSIP: 98585X104<br>LEI: 549300DSQICIGNT5GO63 | Long             | EC               | CORP              | US        |     73933 | NS      | $3318852.37   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Federated Hermes Inc                              | FEDERATED HERMES               | CUSIP: 314211103<br>LEI: R05X5UQ874RGFF7HHD84 | Long             | EC               | CORP              | US        |     34127 | NS      | $1295460.92   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Apartment Income REIT Corp                        | APARTMENT INCOME               | CUSIP: 03750L109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     62154 | NS      | $2364959.70   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Novanta Inc                                       | NOVANTA INC                    | CUSIP: 67000B104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     19878 | NS      | $3135754.50   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| IAA Inc                                           | IAA INC                        | CUSIP: 449253103<br>LEI: 549300PZCOPC5178W747 | Long             | EC               | CORP              | US        |     61960 | NS      | $2315445.20   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Tandem Diabetes Care Inc                          | TANDEM DIABETES                | CUSIP: 875372203<br>LEI: 549300JEPFOD0K4D3I05 | Long             | EC               | CORP              | US        |     55102 | NS      | $2317039.10   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Marriott Vacations Worldwide Corp                 | MARRIOTT VACATIO               | CUSIP: 57164Y107<br>LEI: 549300WA6BT5H4F7IO94 | Long             | EC               | CORP              | US        |     15172 | NS      | $2260324.56   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank OZK                                          | BANK OZK                       | CUSIP: 06417N103<br>LEI: 549300VYK2WBD7SST478 | Long             | EC               | CORP              | US        |     44859 | NS      | $2070242.85   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Douglas Emmett Inc                                | DOUGLAS EMMETT                 | CUSIP: 25960P109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     69346 | NS      | $1201072.72   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Murphy Oil Corp                                   | MURPHY OIL CORP                | CUSIP: 626717102<br>LEI: QBKYQD0ODE7DC7PDIN91 | Long             | EC               | CORP              | US        |    125466 | NS      | $5921995.20   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| TripAdvisor Inc                                   | TRIPADVISOR INC                | CUSIP: 896945201<br>LEI: 549300XVG45PT5BART17 | Long             | EC               | CORP              | US        |     37546 | NS      | $765562.94    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Wingstop Inc                                      | WINGSTOP INC                   | CUSIP: 974155103<br>LEI: 549300SSH3F8HPIM3Q47 | Long             | EC               | CORP              | US        |     25668 | NS      | $4248310.68   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Umpqua Holdings Corp                              | UMPQUA HOLDINGS                | CUSIP: 904214103<br>LEI: 5299002ENJ7CY215BW86 | Long             | EC               | CORP              | US        |     68904 | NS      | $1396684.08   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Under Armour Inc                                  | UNDER ARMO-C                   | CUSIP: 904311206<br>LEI: 549300D4549QKWETZ406 | Long             | EC               | CORP              | US        |     72314 | NS      | $630578.08    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Lennox International Inc                          | LENNOX INTL INC                | CUSIP: 526107107<br>LEI: S7DWAC87RDMPBF77GJ92 | Long             | EC               | CORP              | US        |     16042 | NS      | $4177818.06   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Power Integrations Inc                            | POWER INTEGRATIO               | CUSIP: 739276103<br>LEI: 54930085LGXSCIHD5W31 | Long             | EC               | CORP              | US        |     49060 | NS      | $3948348.80   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Cullen/Frost Bankers Inc                          | CULLEN/FROST                   | CUSIP: 229899109<br>LEI: 529900V2E9G9AY665O34 | Long             | EC               | CORP              | US        |     30816 | NS      | $4470477.12   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Tenet Healthcare Corp                             | TENET HEALTHCARE               | CUSIP: 88033G407<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | EC               | CORP              | US        |     92570 | NS      | $4274882.60   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Lincoln Electric Holdings Inc                     | LINCOLN ELECTRIC               | CUSIP: 533900106<br>LEI: BIMGBY40SIN95O01BN93 | Long             | EC               | CORP              | US        |     28821 | NS      | $4262049.48   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Cleveland-Cliffs Inc                              | CLEVELAND-CLIFFS               | CUSIP: 185899101<br>LEI: 549300TM2WLI2BJMDD86 | Long             | EC               | CORP              | US        |    443864 | NS      | $6871014.72   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Mattel Inc                                        | MATTEL INC                     | CUSIP: 577081102<br>LEI: 549300VELLG24KHTJ564 | Long             | EC               | CORP              | US        |    303108 | NS      | $5525658.84   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Sensient Technologies Corp                        | SENSIENT TECHNOL               | CUSIP: 81725T100<br>LEI: CMMZHMFZQG86EI7WZU92 | Long             | EC               | CORP              | US        |     20556 | NS      | $1535738.76   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Janus Henderson Group PLC                         | JANUS HENDERSON                | CUSIP: G4474Y214<br>LEI: 2138009WPYMWJN3RVF44 | Long             | EC               | CORP              | US        |     52296 | NS      | $1322565.84   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| First Financial Bankshares Inc                    | FIRST FIN BANKSH               | CUSIP: 32020R109<br>LEI: 549300XN3GTGOENGNV49 | Long             | EC               | CORP              | US        |    111260 | NS      | $4111057.00   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Cirrus Logic Inc                                  | CIRRUS LOGIC INC               | CUSIP: 172755100<br>LEI: 549300NKSJEM5ZZSSV18 | Long             | EC               | CORP              | US        |     23044 | NS      | $1721617.24   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Rayonier Inc                                      | RAYONIER INC                   | CUSIP: 754907103<br>LEI: HGV8VDVNL0W6SF2U9C50 | Long             | EC               | CORP              | US        |     75374 | NS      | $2704419.12   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackbaud Inc                                     | BLACKBAUD INC                  | CUSIP: 09227Q100<br>LEI: 54930056X3HKFMNG3754 | Long             | EC               | CORP              | US        |     24840 | NS      | $1472266.80   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| TopBuild Corp                                     | TOPBUILD COR                   | CUSIP: 89055F103<br>LEI: 5493007YSKHOL4RWII46 | Long             | EC               | CORP              | US        |     27780 | NS      | $4280342.40   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Williams-Sonoma Inc                               | WILLIAMS-SONOMA                | CUSIP: 969904101<br>LEI: 549300IARG6YWVTZ1I92 | Long             | EC               | CORP              | US        |     58998 | NS      | $6896866.20   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| World Wrestling Entertainment Inc                 | WORLD WRESTLIN-A               | CUSIP: 98156Q108<br>LEI: 549300WZVLSCS3L4L698 | Long             | EC               | CORP              | US        |     23013 | NS      | $1838278.44   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Pinnacle Financial Partners Inc                   | PINNACLE FINL                  | CUSIP: 72346Q104<br>LEI: 54930098EZ8JMSAZGS24 | Long             | EC               | CORP              | US        |     65569 | NS      | $5500583.41   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Hubbell Inc                                       | HUBBELL INC                    | CUSIP: 443510607<br>LEI: 54930088VDQ6840Y6597 | Long             | EC               | CORP              | US        |     24874 | NS      | $6319488.44   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Shockwave Medical Inc                             | SHOCKWAVE MEDICA               | CUSIP: 82489T104<br>LEI: 549300LDXO56IC5Y1538 | Long             | EC               | CORP              | US        |     30826 | NS      | $7817473.60   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Affiliated Managers Group Inc                     | AFFIL MANAGERS                 | CUSIP: 008252108<br>LEI: 2JE75BUE3T1BLCYYGK54 | Long             | EC               | CORP              | US        |     32800 | NS      | $5261776.00   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Tetra Tech Inc                                    | TETRA TECH INC                 | CUSIP: 88162G103<br>LEI: 549300UJ1LP7JGJC5P32 | Long             | EC               | CORP              | US        |     45745 | NS      | $7071719.55   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Landstar System Inc                               | LANDSTAR SYSTEM                | CUSIP: 515098101<br>LEI: 254900CUQXQRL09MEI52 | Long             | EC               | CORP              | US        |     20312 | NS      | $3513569.76   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| AutoNation Inc                                    | AUTONATION INC                 | CUSIP: 05329W102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     15580 | NS      | $1930517.80   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Ashland Inc                                       | ASHLAND INC                    | CUSIP: 044186104<br>LEI: 529900E4L9R04SB8HB11 | Long             | EC               | CORP              | US        |     18384 | NS      | $2056618.08   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Inari Medical Inc                                 | INARI MEDICAL IN               | CUSIP: 45332Y109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     41230 | NS      | $3033703.40   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Syneos Health Inc                                 | SYNEOS HEALTH IN               | CUSIP: 87166B102<br>LEI: 549300F1ZGKDS8P6GU13 | Long             | EC               | CORP              | US        |     88069 | NS      | $3107074.32   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Financial Corp                     | FIRST AMERICAN F               | CUSIP: 31847R102<br>LEI: 549300B6VEZK3N0A1P55 | Long             | EC               | CORP              | US        |     41099 | NS      | $2246060.35   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Vicor Corp                                        | VICOR CORP                     | CUSIP: 925815102<br>LEI: 5299005KMQOTR6B51F09 | Long             | EC               | CORP              | US        |     19079 | NS      | $1030075.21   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Builders FirstSource Inc                          | BUILDERS FIRSTSO               | CUSIP: 12008R107<br>LEI: 549300W0SKP6L3H7DP63 | Long             | EC               | CORP              | US        |    133917 | NS      | $8561313.81   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Life Storage Inc                                  | LIFE STORAGE INC               | CUSIP: 53223X107<br>LEI: W9EE01AFDDF9DQCQZC68 | Long             | EC               | CORP              | US        |     72404 | NS      | $7782705.96   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Concentrix Corp                                   | CONCENTRIX CORP                | CUSIP: 20602D101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     36616 | NS      | $4481066.08   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Crane Holdings Co                                 | CRANE HOLDINGS C               | CUSIP: 224441105<br>LEI: 549300EXNPSXEWUD3N21 | Long             | EC               | CORP              | US        |     20048 | NS      | $2123885.12   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Wendy's Co/The                                    | WENDY'S CO/THE                 | CUSIP: 95058W100<br>LEI: 529900M0JIUCMWVKHG76 | Long             | EC               | CORP              | US        |     73042 | NS      | $1647827.52   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Eagle Materials Inc                               | EAGLE MATERIALS                | CUSIP: 26969P108<br>LEI: 529900KRXRGXL61SG039 | Long             | EC               | CORP              | US        |     32334 | NS      | $4408417.56   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Synovus Financial Corp                            | SYNOVUS FINL                   | CUSIP: 87161C501<br>LEI: 549300EIUS8UN5JTLE54 | Long             | EC               | CORP              | US        |     49899 | NS      | $2102244.87   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Axon Enterprise Inc                               | AXON ENTERPRISE                | CUSIP: 05464C101<br>LEI: 549300QP2IEEGFE16681 | Long             | EC               | CORP              | US        |     57937 | NS      | $10662146.11  | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Louisiana-Pacific Corp                            | LOUISIANA-PACIFI               | CUSIP: 546347105<br>LEI: 549300C7E2UAO5BVRR75 | Long             | EC               | CORP              | US        |     63384 | NS      | $4043899.20   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Fair Isaac Corp                                   | FAIR ISAAC CORP                | CUSIP: 303250104<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | EC               | CORP              | US        |     12568 | NS      | $7788640.96   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Helen of Troy Ltd                                 | HELEN OF TROY                  | CUSIP: G4388N106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     20563 | NS      | $2026278.02   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Euronet Worldwide Inc                             | EURONET WORLDWID               | CUSIP: 298736109<br>LEI: YG3575C4DSHJPA5KET68 | Long             | EC               | CORP              | US        |     13730 | NS      | $1276203.50   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Littelfuse Inc                                    | LITTELFUSE INC                 | CUSIP: 537008104<br>LEI: 549300MY7HLQFYTPCX75 | Long             | EC               | CORP              | US        |     13167 | NS      | $3245665.50   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| R1 RCM Inc                                        | R1 RCM INC                     | CUSIP: 77634L105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     68323 | NS      | $618323.15    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Webster Financial Corp                            | WEBSTER FINL                   | CUSIP: 947890109<br>LEI: KMRURHT0VWKYS6Z5KU67 | Long             | EC               | CORP              | US        |     61858 | NS      | $3361363.72   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| GXO Logistics Inc                                 | GXO LOGISTIC                   | CUSIP: 36262G101<br>LEI: 5493007CNWMXN78JRN66 | Long             | EC               | CORP              | US        |    101769 | NS      | $4768895.34   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Brunswick Corp/DE                                 | BRUNSWICK CORP                 | CUSIP: 117043109<br>LEI: YM4O38W15AX4YLLQKU27 | Long             | EC               | CORP              | US        |     63808 | NS      | $4734553.60   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Donaldson Co Inc                                  | DONALDSON CO INC               | CUSIP: 257651109<br>LEI: OZE6KXY9QQPR8EJ8WL20 | Long             | EC               | CORP              | US        |     54054 | NS      | $3292969.68   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| MasTec Inc                                        | MASTEC INC                     | CUSIP: 576323109<br>LEI: 549300TMDIT8WREDOF45 | Long             | EC               | CORP              | US        |     25799 | NS      | $2343323.17   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Graco Inc                                         | GRACO INC                      | CUSIP: 384109104<br>LEI: 4T5VJ4S81BRT6Q7GGT78 | Long             | EC               | CORP              | US        |     87048 | NS      | $6090748.56   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                               | S&P MID 400 EMINI Dec22        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |         5 | NC      | $52462.45     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Silicon Laboratories Inc                          | SILICON LABS                   | CUSIP: 826919102<br>LEI: 4PRDF8Q9TDHRVZKZSZ47 | Long             | EC               | CORP              | US        |     29365 | NS      | $4270845.60   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Deckers Outdoor Corp                              | DECKERS OUTDOOR                | CUSIP: 243537107<br>LEI: 5493008LG4W3I6K8J118 | Long             | EC               | CORP              | US        |     22765 | NS      | $9080503.20   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| First Solar Inc                                   | FIRST SOLAR INC                | CUSIP: 336433107<br>LEI: 549300NPYMLM4NHTOF27 | Long             | EC               | CORP              | US        |     50187 | NS      | $8658763.11   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| EastGroup Properties Inc                          | EASTGROUP PROP                 | CUSIP: 277276101<br>LEI: 31TIGQQZC4P6JMHKSW85 | Long             | EC               | CORP              | US        |     37377 | NS      | $5802405.48   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Antero Midstream Corp                             | ANTERO MIDSTREAM               | CUSIP: 03676B102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    287761 | NS      | $3260332.13   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| ICU Medical Inc                                   | ICU MEDICAL                    | CUSIP: 44930G107<br>LEI: 5493003NRW7LS2QZRH60 | Long             | EC               | CORP              | US        |      8095 | NS      | $1288966.85   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Genpact Ltd                                       | GENPACT LTD                    | CUSIP: G3922B107<br>LEI: 529900OSEC6Q0L4L5B35 | Long             | EC               | CORP              | US        |     95587 | NS      | $4407516.57   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Valvoline Inc                                     | VALVOLINE INC                  | CUSIP: 92047W101<br>LEI: 549300CMHPBEY6VPOT75 | Long             | EC               | CORP              | US        |    151884 | NS      | $5009134.32   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Cable One Inc                                     | CABLE ONE INC                  | CUSIP: 12685J105<br>LEI: 549300648QS85T0XSH18 | Long             | EC               | CORP              | US        |      2428 | NS      | $1758576.12   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Universal Display Corp                            | UNIVERSAL DISPLA               | CUSIP: 91347P105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     37280 | NS      | $4198473.60   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| RPM International Inc                             | RPM INTL INC                   | CUSIP: 749685103<br>LEI: 549300TJCKW4BRXPJ474 | Long             | EC               | CORP              | US        |     56458 | NS      | $5850177.96   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Victoria's Secret & Co                            | VICTORIA'S SECRE               | CUSIP: 926400102<br>LEI: 5493006T3O70U3UWVF17 | Long             | EC               | CORP              | US        |     34929 | NS      | $1606734.00   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Repligen Corp                                     | REPLIGEN CORP                  | CUSIP: 759916109<br>LEI: 54930006QJ0T5AUO1E71 | Long             | EC               | CORP              | US        |     44279 | NS      | $7918856.36   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| National Instruments Corp                         | NATL INSTRUMENTS               | CUSIP: 636518102<br>LEI: 549300TP4OOPCYWDUP86 | Long             | EC               | CORP              | US        |     60174 | NS      | $2468337.48   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Neogen Corp                                       | NEOGEN CORP                    | CUSIP: 640491106<br>LEI: 549300HJT9FC36N4UW43 | Long             | EC               | CORP              | US        |    107536 | NS      | $1780796.16   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Rexford Industrial Realty Inc                     | REXFORD INDUSTRI               | CUSIP: 76169C100<br>LEI: 549300MSLO0DF0EMX355 | Long             | EC               | CORP              | US        |    146777 | NS      | $8115300.33   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| East West Bancorp Inc                             | EAST WEST BNCRP                | CUSIP: 27579R104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    120913 | NS      | $8489301.73   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| PacWest Bancorp                                   | PACWEST BANCORP                | CUSIP: 695263103<br>LEI: 549300YI8VMFO7G36V04 | Long             | EC               | CORP              | US        |    101028 | NS      | $2638851.36   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Cmt Funds-Vanguard Market Liquidity Fund | Vanguard Market Liquidity Fund | CUSIP: N/A<br>LEI: 1I6HV0TLSTR3A4XQ6L78       | Long             | STIV             | CORP              | US        |     92711 | NS      | $9270179.42   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Range Resources Corp                              | RANGE RESOURCES                | CUSIP: 75281A109<br>LEI: H3Y3WLYCX0BTO1TRW162 | Long             | EC               | CORP              | US        |    146768 | NS      | $4237192.16   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| American Financial Group Inc/OH                   | AMER FINL GROUP                | CUSIP: 025932104<br>LEI: 549300AFOM7IVKIU1G39 | Long             | EC               | CORP              | US        |     28166 | NS      | $4005768.52   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Integra LifeSciences Holdings Corp                | INTEGRA LIFESCIE               | CUSIP: 457985208<br>LEI: WB7IJCYY8YFTENS4O147 | Long             | EC               | CORP              | US        |     31783 | NS      | $1746158.02   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| New York Times Co/The                             | NEW YORK TIMES-A               | CUSIP: 650111107<br>LEI: 529900J1WEMMIW7BOH57 | Long             | EC               | CORP              | US        |     82337 | NS      | $3017651.05   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Lancaster Colony Corp                             | LANCASTER COLONY               | CUSIP: 513847103<br>LEI: 529900X4O13HED1ZAS58 | Long             | EC               | CORP              | US        |      8161 | NS      | $1690469.54   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Teradata Corp                                     | TERADATA CORP                  | CUSIP: 88076W103<br>LEI: 549300JU9SOUHV4U4R71 | Long             | EC               | CORP              | US        |     88194 | NS      | $3011825.10   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Masimo Corp                                       | MASIMO CORP                    | CUSIP: 574795100<br>LEI: 549300Q4A8JK0PIYCU29 | Long             | EC               | CORP              | US        |     41465 | NS      | $6009937.10   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| ITT Corp                                          | ITT INC                        | CUSIP: 45073V108<br>LEI: YB2O5TUONPB3W1X7WJ88 | Long             | EC               | CORP              | US        |     39730 | NS      | $3357979.60   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Interactive Brokers Group Inc                     | INTERACTIVE BROK               | CUSIP: 45841N107<br>LEI: 5493004DT6DCDUZNDM53 | Long             | EC               | CORP              | US        |     54717 | NS      | $4393775.10   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Lamar Advertising Co                              | LAMAR ADVERTIS-A               | CUSIP: 512816109<br>LEI: 529900Y8WW4MKVPTB543 | Long             | EC               | CORP              | US        |     49328 | NS      | $4939705.92   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Omnicell Inc                                      | OMNICELL INC                   | CUSIP: 68213N109<br>LEI: 5493008RH0GTKHHPZI77 | Long             | EC               | CORP              | US        |     37998 | NS      | $1961076.78   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-27

**Name of Applicant:** VANGUARD ADMIRAL FUNDS

**Signature:** Ashley Grim

**Name of Signer:** Ashley Grim

**Title:** Treasurer