# EDGAR Filing Document

**Accession Number:** 0001145022
**File Stem:** 0000894189-25-005658
**Filing Date:** 2025-8
**Character Count:** 117582
**Document Hash:** b5872e110ce2071847877685375a3c4d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-25-005658.hdr.sgml**: 20250820

**ACCESSION NUMBER**: 0000894189-25-005658

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250820

**DATE AS OF CHANGE**: 20250819

**PERIOD START**: 20250630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** HOTCHKIS & WILEY FUNDS /DE/
- **CENTRAL INDEX KEY:** 0001145022

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-10487
- **FILM NUMBER:** 251233198

**BUSINESS ADDRESS:**
- **STREET 1:** 601 SOUTH FIGUEROA STREET
- **STREET 2:** 39TH FLOOR
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90017-5704
- **BUSINESS PHONE:** 2134301000

**MAIL ADDRESS:**
- **STREET 1:** 601 SOUTH FIGUEROA STREET
- **STREET 2:** 39TH FLOOR
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90017-5704

## Series and Classes Contracts Data

### Hotchkis & Wiley Small Cap Diversified Value Fund (Series ID: S000045868)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000142947 | Class I      | HWVIX           |
| C000142948 | Class A      | HWVAX           |
| C000205773 | Class Z      | HWVZX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** HOTCHKIS & WILEY FUNDS/DE/

- **b. Investment Company Act file number:** 811-10487

- **c. CIK number of Registrant:** 0001145022

- **d. LEI of Registrant:** 549300DFU8YF1PWZ5A57

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

  - **Street Address 1:** 601 South Figueroa Street

  - **City:** Los Angeles

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 90017-5704

  - **Telephone number:** 213-430-1000

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

- **a. Name of Series:** Hotchkis and Wiley Small Cap Diversified Value Fund

- **b. EDGAR series identifier (if any):** S000045868

- **c. LEI of Series:** 54930003839YVROMGP37

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

- **a. Date of fiscal year-end:** 2025-06-30

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $741510247.27

**Total Liabilities:** $10207630.80

**Net Assets:** $731302616.47

**Cash Not Reported:** $1161506.36

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000142947 | -6.54%               | 5.48%                | 4.12%                |
| Class ID C000142948 | -6.60%               | 5.54%                | 4.07%                |
| Class ID C000205773 | -6.54%               | 5.58%                | 4.03%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-7321215.47             | $-42764527.73                              |
| Month 2  | $-1110738.04             | $36371309.68                               |
| Month 3  | $-5443629.60             | $32534629.61                               |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AdvanSix Inc                    | AdvanSix Inc                              | CUSIP: 00773T101<br>LEI: 5493009TPRODMCAZLF67 | Long             | EC               | CORP              | US        |     56600 | NS      | $1344250.00   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| American Woodmark Corp          | American Woodmark Corp                    | CUSIP: 030506109<br>LEI: 5299007PFSDWMA74RB56 | Long             | EC               | CORP              | US        |     38300 | NS      | $2044071.00   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Amphastar Pharmaceuticals Inc   | Amphastar Pharmaceuticals Inc             | CUSIP: 03209R103<br>LEI: 54930055TH0ZLSAQMJ38 | Long             | EC               | CORP              | US        |     78100 | NS      | $1793176.00   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Andersons Inc/The               | Andersons Inc/The                         | CUSIP: 034164103<br>LEI: L38MWB8MVRFV7HVJPU11 | Long             | EC               | CORP              | US        |     55300 | NS      | $2032275.00   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Atmus Filtration Technologies   | Atmus Filtration Technologies Inc         | CUSIP: 04956D107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     60890 | NS      | $2217613.80   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Blue Bird Corp                  | Blue Bird Corp                            | CUSIP: 095306106<br>LEI: 5493004ZXJUUWQ65ER59 | Long             | EC               | CORP              | US        |     46000 | NS      | $1985360.00   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Brunswick Corp/DE               | Brunswick Corp/DE                         | CUSIP: 117043109<br>LEI: YM4O38W15AX4YLLQKU27 | Long             | EC               | CORP              | US        |     50800 | NS      | $2806192.00   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Columbus McKinnon Corp/NY       | Columbus McKinnon Corp/NY                 | CUSIP: 199333105<br>LEI: 549300W3HQB0HO1F3G69 | Long             | EC               | CORP              | US        |     96400 | NS      | $1472028.00   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Concentra Group Holdings Paren  | Concentra Group Holdings Parent Inc       | CUSIP: 20603L102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     98831 | NS      | $2032953.67   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Diamond Hill Investment Group   | Diamond Hill Investment Group Inc         | CUSIP: 25264R207<br>LEI: 549300AQ6779A0B7VZ57 | Long             | EC               | CORP              | US        |     10900 | NS      | $1583879.00   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| First Merchants Corp            | First Merchants Corp                      | CUSIP: 320817109<br>LEI: TZTBT0OTGQ2FEK6XMX94 | Long             | EC               | CORP              | US        |     22302 | NS      | $854166.60    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Great Southern Bancorp Inc      | Great Southern Bancorp Inc                | CUSIP: 390905107<br>LEI: 5493000ZL7DLNMN1AB26 | Long             | EC               | CORP              | US        |     27110 | NS      | $1593525.80   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Haverty Furniture Cos Inc       | Haverty Furniture Cos Inc                 | CUSIP: 419596101<br>LEI: 529900CVFMMIRXZVPD70 | Long             | EC               | CORP              | US        |    122500 | NS      | $2492875.00   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Heritage Financial Corp/WA      | Heritage Financial Corp/WA                | CUSIP: 42722X106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     59700 | NS      | $1423248.00   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Huron Consulting Group Inc      | Huron Consulting Group Inc                | CUSIP: 447462102<br>LEI: 549300NGVB9H6TKTLE36 | Long             | EC               | CORP              | US        |      9500 | NS      | $1306630.00   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Interparfums Inc                | Interparfums Inc                          | CUSIP: 458334109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6500 | NS      | $853515.00    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Laureate Education Inc          | Laureate Education Inc                    | CUSIP: 518613203<br>LEI: 5JL7TMOH5TY3IUYSUP91 | Long             | EC               | CORP              | US        |    105100 | NS      | $2457238.00   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| M/I Homes Inc                   | M/I Homes Inc                             | CUSIP: 55305B101<br>LEI: 5299005M71FH9CCSFB69 | Long             | EC               | CORP              | US        |     10913 | NS      | $1223565.56   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| ProFrac Holding Corp            | ProFrac Holding Corp                      | CUSIP: 74319N100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    240000 | NS      | $1862400.00   | 0.25%             |  |  |  | No            |                  1 | On Loan: —       |
| SLM Corp                        | SLM Corp                                  | CUSIP: 78442P106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     95190 | NS      | $3121280.10   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Shutterstock Inc                | Shutterstock Inc                          | CUSIP: 825690100<br>LEI: 529900G2TDIS56V0LO22 | Long             | EC               | CORP              | US        |    154800 | NS      | $2935008.00   | 0.40%             |  |  |  | No            |                  1 | On Loan: —       |
| Southern Missouri Bancorp Inc   | Southern Missouri Bancorp Inc             | CUSIP: 843380106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     28300 | NS      | $1550274.00   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Spire Inc                       | Spire Inc                                 | CUSIP: 84857L101<br>LEI: 549300NXSY15DRY2R511 | Long             | EC               | CORP              | US        |     35873 | NS      | $2618370.27   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| TEGNA Inc                       | TEGNA Inc                                 | CUSIP: 87901J105<br>LEI: 549300YC5EDBGX85AO10 | Long             | EC               | CORP              | US        |    137667 | NS      | $2307298.92   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| TrustCo Bank Corp NY            | TrustCo Bank Corp NY                      | CUSIP: 898349204<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     74192 | NS      | $2479496.64   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Vishay Intertechnology Inc      | Vishay Intertechnology Inc                | CUSIP: 928298108<br>LEI: 5493009O8F3QQJTCQR75 | Long             | EC               | CORP              | US        |    177026 | NS      | $2811172.88   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| WEX Inc                         | WEX Inc                                   | CUSIP: 96208T104<br>LEI: T9M5IGROL1TL1G5OV478 | Long             | EC               | CORP              | US        |     22800 | NS      | $3349092.00   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| International Seaways Inc       | International Seaways Inc                 | CUSIP: N/A<br>LEI: 549300YUFDGFRNGBWF46       | Long             | EC               | CORP              | US        |     45700 | NS      | $1667136.00   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Franklin Covey Co               | Franklin Covey Co                         | CUSIP: 353469109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     22700 | NS      | $518014.00    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Greenbrier Cos Inc/The          | Greenbrier Cos Inc/The                    | CUSIP: 393657101<br>LEI: 5493001GAGGFR30BP390 | Long             | EC               | CORP              | US        |     60189 | NS      | $2771703.45   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| HomeStreet Inc                  | HomeStreet Inc                            | CUSIP: 43785V102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     52600 | NS      | $687482.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Innospec Inc                    | Innospec Inc                              | CUSIP: 45768S105<br>LEI: 213800SQBACNY5IWJO68 | Long             | EC               | CORP              | US        |     15600 | NS      | $1311804.00   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Insperity Inc                   | Insperity Inc                             | CUSIP: 45778Q107<br>LEI: 5299000Q0KW7HY5DB751 | Long             | EC               | CORP              | US        |     32300 | NS      | $1941876.00   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Interface Inc                   | Interface Inc                             | CUSIP: 458665304<br>LEI: 549300VXZWQOIDFPU355 | Long             | EC               | CORP              | US        |     25230 | NS      | $528063.90    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| ABM Industries Inc              | ABM Industries Inc                        | CUSIP: 000957100<br>LEI: QF02R89VEIOROM77J447 | Long             | EC               | CORP              | US        |     48500 | NS      | $2289685.00   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Accel Entertainment Inc         | Accel Entertainment Inc                   | CUSIP: 00436Q106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    178000 | NS      | $2095060.00   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Ambac Financial Group Inc       | Ambac Financial Group Inc                 | CUSIP: 023139884<br>LEI: 5493000UC0RBBNDHI717 | Long             | EC               | CORP              | US        |    181200 | NS      | $1286520.00   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Amerant Bancorp Inc             | Amerant Bancorp Inc                       | CUSIP: 023576101<br>LEI: 54930071V6LIG79MTL10 | Long             | EC               | CORP              | US        |    110900 | NS      | $2021707.00   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| AZZ Inc                         | AZZ Inc                                   | CUSIP: 002474104<br>LEI: 549300HD1X2NFLWPYC83 | Long             | EC               | CORP              | US        |      5740 | NS      | $542315.20    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Avista Corp                     | Avista Corp                               | CUSIP: 05379B107<br>LEI: Q0IK63NITJD6RJ47SW96 | Long             | EC               | CORP              | US        |     66961 | NS      | $2541169.95   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Avnet Inc                       | Avnet Inc                                 | CUSIP: 053807103<br>LEI: XJI53DCPL7QABOWK4Z75 | Long             | EC               | CORP              | US        |     41770 | NS      | $2217151.60   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| BankUnited Inc                  | BankUnited Inc                            | CUSIP: 06652K103<br>LEI: 96OVUWEW5D4YX6PFXD91 | Long             | EC               | CORP              | US        |     80380 | NS      | $2860724.20   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Baytex Energy Corp              | Baytex Energy Corp                        | CUSIP: 07317Q105<br>LEI: 549300R5LTV2H7I1I079 | Long             | EC               | CORP              | CA        |   1450442 | NS      | $2596291.18   | 0.36%             |  |  |  | No            |                  1 | On Loan: —       |
| Bloomin' Brands Inc             | Bloomin' Brands Inc                       | CUSIP: 094235108<br>LEI: E1UJ2GO305B5FXGV7N04 | Long             | EC               | CORP              | US        |    311005 | NS      | $2677753.05   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| NB Bancorp Inc                  | NB Bancorp Inc                            | CUSIP: 63945M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    120900 | NS      | $2159274.00   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| OneWater Marine Inc             | OneWater Marine Inc                       | CUSIP: 68280L101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    135900 | NS      | $1819701.00   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Portland General Electric Co    | Portland General Electric Co              | CUSIP: 736508847<br>LEI: GJOUP9M7C39GLSK9R870 | Long             | EC               | CORP              | US        |     64000 | NS      | $2600320.00   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Brady Corp                      | Brady Corp                                | CUSIP: 104674106<br>LEI: 549300G2LEQOFQC8GY34 | Long             | EC               | CORP              | US        |     11400 | NS      | $774858.00    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Capitol Federal Financial Inc   | Capitol Federal Financial Inc             | CUSIP: 14057J101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    467600 | NS      | $2852360.00   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Carter Bankshares Inc           | Carter Bankshares Inc                     | CUSIP: 146103106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     53100 | NS      | $920754.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| California BanCorp              | California BanCorp                        | CUSIP: 84252A106<br>LEI: 549300Z6CP542EI9L684 | Long             | EC               | CORP              | US        |     53200 | NS      | $838432.00    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| CVR Energy Inc                  | CVR Energy Inc                            | CUSIP: 12662P108<br>LEI: 529900SOYZIXZBTXB558 | Long             | EC               | CORP              | US        |    111500 | NS      | $2993775.00   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Community Trust Bancorp Inc     | Community Trust Bancorp Inc               | CUSIP: 204149108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     27610 | NS      | $1461121.20   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Crane NXT Co                    | Crane NXT Co                              | CUSIP: 224441105<br>LEI: 549300EXNPSXEWUD3N21 | Long             | EC               | CORP              | US        |     60500 | NS      | $3260950.00   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Denny's Corp                    | Denny's Corp                              | CUSIP: 24869P104<br>LEI: 54930037V56XOULXM917 | Long             | EC               | CORP              | US        |    533500 | NS      | $2187350.00   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| ANI Pharmaceuticals Inc         | ANI Pharmaceuticals Inc                   | CUSIP: 00182C103<br>LEI: 5493000T6CXTND40YH31 | Long             | EC               | CORP              | US        |     20800 | NS      | $1357200.00   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Albany International Corp       | Albany International Corp                 | CUSIP: 012348108<br>LEI: L73WCPNCZIRSQGZTW097 | Long             | EC               | CORP              | US        |     42600 | NS      | $2987538.00   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Belden Inc                      | Belden Inc                                | CUSIP: 077454106<br>LEI: 68BKYO1JC791TTJHUE82 | Long             | EC               | CORP              | US        |      7400 | NS      | $856920.00    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| BrightSpire Capital Inc         | BrightSpire Capital Inc                   | CUSIP: 10949T109<br>LEI: 549300BOIFLLMVU37752 | Long             | EC               | CORP              | US        |    300400 | NS      | $1517020.00   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Brink's Co/The                  | Brink's Co/The                            | CUSIP: 109696104<br>LEI: XFP140TFNOQMIVFTVQ13 | Long             | EC               | CORP              | US        |     29200 | NS      | $2607268.00   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Cactus Inc                      | Cactus Inc                                | CUSIP: 127203107<br>LEI: 549300J3T8C9F8QFKV08 | Long             | EC               | CORP              | US        |     35400 | NS      | $1547688.00   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Diodes Inc                      | Diodes Inc                                | CUSIP: 254543101<br>LEI: 549300XP2X1ARVH3BX23 | Long             | EC               | CORP              | US        |     37249 | NS      | $1970099.61   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Energizer Holdings Inc          | Energizer Holdings Inc                    | CUSIP: 29272W109<br>LEI: 5493000D6NN0V57UME20 | Long             | EC               | CORP              | US        |     58700 | NS      | $1183392.00   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Hingham Institution For Saving  | Hingham Institution For Savings The       | CUSIP: 433323102<br>LEI: 2549009GDCGUR2T6KU55 | Long             | EC               | CORP              | US        |      7900 | NS      | $1961965.00   | 0.27%             |  |  |  | No            |                  1 | On Loan: —       |
| Home Bancorp Inc                | Home Bancorp Inc                          | CUSIP: 43689E107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     19700 | NS      | $1020066.00   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Hope Bancorp Inc                | Hope Bancorp Inc                          | CUSIP: 43940T109<br>LEI: 549300UTF4QGMBHIZ219 | Long             | EC               | CORP              | US        |    265133 | NS      | $2844877.09   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Horace Mann Educators Corp      | Horace Mann Educators Corp                | CUSIP: 440327104<br>LEI: 254900G5YAV3A2YK8T32 | Long             | EC               | CORP              | US        |     74614 | NS      | $3206163.58   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Horizon Bancorp Inc/IN          | Horizon Bancorp Inc/IN                    | CUSIP: 440407104<br>LEI: 549300U2OQ2EIT5MXG39 | Long             | EC               | CORP              | US        |    137600 | NS      | $2116288.00   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Crescent Energy Co              | Crescent Energy Co                        | CUSIP: 44952J104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    317145 | NS      | $2727447.00   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Insteel Industries Inc          | Insteel Industries Inc                    | CUSIP: 45774W108<br>LEI: 52990026LKY4MOX3L174 | Long             | EC               | CORP              | US        |     43000 | NS      | $1600030.00   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| KB Home                         | KB Home                                   | CUSIP: 48666K109<br>LEI: 549300LGUCWQURMWLG09 | Long             | EC               | CORP              | US        |     22100 | NS      | $1170637.00   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Kearny Financial Corp/MD        | Kearny Financial Corp/MD                  | CUSIP: 48716P108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    320000 | NS      | $2067200.00   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| John B Sanfilippo & Son Inc     | John B Sanfilippo & Son Inc               | CUSIP: 800422107<br>LEI: 5299007IBEYVXKYDUX28 | Long             | EC               | CORP              | US        |     33000 | NS      | $2086920.00   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| CNB Financial Corp/PA           | CNB Financial Corp/PA                     | CUSIP: 126128107<br>LEI: 254900RUYUOKD91VNX69 | Long             | EC               | CORP              | US        |     65500 | NS      | $1497330.00   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Columbia Banking System Inc     | Columbia Banking System Inc               | CUSIP: 197236102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     90100 | NS      | $2106538.00   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Group 1 Automotive Inc          | Group 1 Automotive Inc                    | CUSIP: 398905109<br>LEI: 549300US8QAZJLWYAF63 | Long             | EC               | CORP              | US        |      4588 | NS      | $2003625.48   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Heidrick & Struggles Internati  | Heidrick & Struggles International Inc    | CUSIP: 422819102<br>LEI: 5493006284N2J367VB57 | Long             | EC               | CORP              | US        |     52710 | NS      | $2412009.60   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Independent Bank Corp           | Independent Bank Corp                     | CUSIP: 453836108<br>LEI: 549300C5K3W8THR3GE10 | Long             | EC               | CORP              | US        |     35900 | NS      | $2257571.50   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Kemper Corp                     | Kemper Corp                               | CUSIP: 488401100<br>LEI: 549300FNI1JKTRY2PV09 | Long             | EC               | CORP              | US        |     45700 | NS      | $2949478.00   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Lear Corp                       | Lear Corp                                 | CUSIP: 521865204<br>LEI: 549300UPNBTXA1SYTQ33 | Long             | EC               | CORP              | US        |     31600 | NS      | $3001368.00   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Leggett & Platt Inc             | Leggett & Platt Inc                       | CUSIP: 524660107<br>LEI: DKOVQUCDW4ZLYCUD4T55 | Long             | EC               | CORP              | US        |    189300 | NS      | $1688556.00   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Steven Madden Ltd               | Steven Madden Ltd                         | CUSIP: 556269108<br>LEI: 549300Z9GZ7GYJWSGF43 | Long             | EC               | CORP              | US        |     65300 | NS      | $1565894.00   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| ManpowerGroup Inc               | ManpowerGroup Inc                         | CUSIP: 56418H100<br>LEI: ERO1WSFOSR0JJ6CRQ987 | Long             | EC               | CORP              | US        |     65400 | NS      | $2642160.00   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Marcus & Millichap Inc          | Marcus & Millichap Inc                    | CUSIP: 566324109<br>LEI: 549300B2HE8ULXNB1N48 | Long             | EC               | CORP              | US        |     45100 | NS      | $1385021.00   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Marriott Vacations Worldwide C  | Marriott Vacations Worldwide Corp         | CUSIP: 57164Y107<br>LEI: 549300WA6BT5H4F7IO94 | Long             | EC               | CORP              | US        |     43200 | NS      | $3123792.00   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Marten Transport Ltd            | Marten Transport Ltd                      | CUSIP: 573075108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     56000 | NS      | $727440.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Midland States Bancorp Inc      | Midland States Bancorp Inc                | CUSIP: 597742105<br>LEI: 5493006RHXW9TTBWYC94 | Long             | EC               | CORP              | US        |     78400 | NS      | $1357888.00   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| PetMed Express Inc              | PetMed Express Inc                        | CUSIP: 716382106<br>LEI: 529900PGHW5ASJ1AZL48 | Long             | EC               | CORP              | US        |    231300 | NS      | $767916.00    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Proto Labs Inc                  | Proto Labs Inc                            | CUSIP: 743713109<br>LEI: 529900QHG5MGWT2WQQ09 | Long             | EC               | CORP              | US        |     38600 | NS      | $1545544.00   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| REV Group Inc                   | REV Group Inc                             | CUSIP: 749527107<br>LEI: 549300SRD0SIG5ZZ3X20 | Long             | EC               | CORP              | US        |     24680 | NS      | $1174521.20   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Rush Enterprises Inc            | Rush Enterprises Inc                      | CUSIP: 781846209<br>LEI: 529900V3XHTN7A6DFT17 | Long             | EC               | CORP              | US        |     48090 | NS      | $2477115.90   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Shore Bancshares Inc            | Shore Bancshares Inc                      | CUSIP: 825107105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     64512 | NS      | $1014128.64   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| SIGA Technologies Inc           | SIGA Technologies Inc                     | CUSIP: 826917106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    218800 | NS      | $1426576.00   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Sylvamo Corp                    | Sylvamo Corp                              | CUSIP: 871332102<br>LEI: 5493001AOYU1ZOWOC971 | Long             | EC               | CORP              | US        |     21900 | NS      | $1097190.00   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Tutor Perini Corp               | Tutor Perini Corp                         | CUSIP: 901109108<br>LEI: 549300FHXYVPW8LJ6D98 | Long             | EC               | CORP              | US        |     66051 | NS      | $3089865.78   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| United Fire Group Inc           | United Fire Group Inc                     | CUSIP: 910340108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     31300 | NS      | $898310.00    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Valley National Bancorp         | Valley National Bancorp                   | CUSIP: 919794107<br>LEI: 549300ET52S1UBIB9762 | Long             | EC               | CORP              | US        |    246700 | NS      | $2203031.00   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Virtus Investment Partners Inc  | Virtus Investment Partners Inc            | CUSIP: 92828Q109<br>LEI: 549300HWF93HB8BDM648 | Long             | EC               | CORP              | US        |     16500 | NS      | $2993100.00   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Wabash National Corp            | Wabash National Corp                      | CUSIP: 929566107<br>LEI: 5299004ZAWHQZI5XO485 | Long             | EC               | CORP              | US        |    276482 | NS      | $2939003.66   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Washington Trust Bancorp Inc    | Washington Trust Bancorp Inc              | CUSIP: 940610108<br>LEI: J66MZFCNJPP3PERHZW54 | Long             | EC               | CORP              | US        |     93930 | NS      | $2656340.40   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Union Co/The            | Western Union Co/The                      | CUSIP: 959802109<br>LEI: 28ID94QU1140NC23S047 | Long             | EC               | CORP              | US        |    269100 | NS      | $2265822.00   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| World Kinect Corp               | World Kinect Corp                         | CUSIP: 981475106<br>LEI: D3W7PCXCBRQLL17DZ313 | Long             | EC               | CORP              | US        |    108024 | NS      | $3062480.40   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Fox Factory Holding Corp        | Fox Factory Holding Corp                  | CUSIP: 35138V102<br>LEI: 529900GE1HSV0617R721 | Long             | EC               | CORP              | US        |     77700 | NS      | $2015538.00   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| G-III Apparel Group Ltd         | G-III Apparel Group Ltd                   | CUSIP: 36237H101<br>LEI: 529900O5KABM3R3SFM87 | Long             | EC               | CORP              | US        |     49090 | NS      | $1099616.00   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Hanmi Financial Corp            | Hanmi Financial Corp                      | CUSIP: 410495204<br>LEI: 549300MSZ7RCG7EA6587 | Long             | EC               | CORP              | US        |    117527 | NS      | $2900566.36   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Heartland Express Inc           | Heartland Express Inc                     | CUSIP: 422347104<br>LEI: 5299005V45FZIQGLOG39 | Long             | EC               | CORP              | US        |    148200 | NS      | $1280448.00   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Aviat Networks Inc              | Aviat Networks Inc                        | CUSIP: 05366Y201<br>LEI: 549300Z3X8Z4MK52CI65 | Long             | EC               | CORP              | US        |     39200 | NS      | $942760.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Bridgewater Bancshares Inc      | Bridgewater Bancshares Inc                | CUSIP: 108621103<br>LEI: 5493001FLSBTVILKXZ71 | Long             | EC               | CORP              | US        |     74590 | NS      | $1186726.90   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Camden National Corp            | Camden National Corp                      | CUSIP: 133034108<br>LEI: 549300ZVEDL2L8UW4F28 | Long             | EC               | CORP              | US        |     36816 | NS      | $1493993.28   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Douglas Dynamics Inc            | Douglas Dynamics Inc                      | CUSIP: 25960R105<br>LEI: 529900CDFLKNQ0QT6580 | Long             | EC               | CORP              | US        |     88700 | NS      | $2613989.00   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| El Pollo Loco Holdings Inc      | El Pollo Loco Holdings Inc                | CUSIP: 268603107<br>LEI: 549300EZCBNF4G707K90 | Long             | EC               | CORP              | US        |    138500 | NS      | $1524885.00   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Eagle Bancorp Inc               | Eagle Bancorp Inc                         | CUSIP: 268948106<br>LEI: 549300B47NZODRMG3D47 | Long             | EC               | CORP              | US        |    130130 | NS      | $2534932.40   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Ecovyst Inc                     | Ecovyst Inc                               | CUSIP: 27923Q109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    452500 | NS      | $3724075.00   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Edgewell Personal Care Co       | Edgewell Personal Care Co                 | CUSIP: 28035Q102<br>LEI: 549300CY8QZDL4Z3RU59 | Long             | EC               | CORP              | US        |     51300 | NS      | $1200933.00   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Employers Holdings Inc          | Employers Holdings Inc                    | CUSIP: 292218104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     37705 | NS      | $1778921.90   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Enterprise Financial Services   | Enterprise Financial Services Corp        | CUSIP: 293712105<br>LEI: 5493001XTU5DLD632129 | Long             | EC               | CORP              | US        |     41500 | NS      | $2286650.00   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Federated Hermes Inc            | Federated Hermes Inc                      | CUSIP: 314211103<br>LEI: R05X5UQ874RGFF7HHD84 | Long             | EC               | CORP              | US        |     66260 | NS      | $2936643.20   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| First Internet Bancorp          | First Internet Bancorp                    | CUSIP: 320557101<br>LEI: 549300T25MP2M92XU194 | Long             | EC               | CORP              | US        |     34289 | NS      | $922374.10    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Five Star Bancorp               | Five Star Bancorp                         | CUSIP: 33830T103<br>LEI: 5493008ZRBIHKWC0JA73 | Long             | EC               | CORP              | US        |     12200 | NS      | $348188.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Flushing Financial Corp         | Flushing Financial Corp                   | CUSIP: 343873105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    224718 | NS      | $2669649.84   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Hilton Grand Vacations Inc      | Hilton Grand Vacations Inc                | CUSIP: 43283X105<br>LEI: 549300O9K6MFD8D07574 | Long             | EC               | CORP              | US        |     82300 | NS      | $3417919.00   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Innovex International Inc       | Innovex International Inc                 | CUSIP: 457651107<br>LEI: 5299007REICYIJNMW197 | Long             | EC               | CORP              | US        |    171400 | NS      | $2677268.00   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| International Money Express In  | International Money Express Inc           | CUSIP: 46005L101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    147400 | NS      | $1487266.00   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Itron Inc                       | Itron Inc                                 | CUSIP: 465741106<br>LEI: 24F6LSZD18II6ICG6S41 | Long             | EC               | CORP              | US        |     11340 | NS      | $1492684.20   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Live Oak Bancshares Inc         | Live Oak Bancshares Inc                   | CUSIP: 53803X105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     74700 | NS      | $2226060.00   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Methode Electronics Inc         | Methode Electronics Inc                   | CUSIP: 591520200<br>LEI: 529900VM413LGLUS3F07 | Long             | EC               | CORP              | US        |    343200 | NS      | $3263832.00   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Murphy Oil Corp                 | Murphy Oil Corp                           | CUSIP: 626717102<br>LEI: QBKYQD0ODE7DC7PDIN91 | Long             | EC               | CORP              | US        |    125400 | NS      | $2821500.00   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| National Presto Industries Inc  | National Presto Industries Inc            | CUSIP: 637215104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8014 | NS      | $785051.44    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Northrim BanCorp Inc            | Northrim BanCorp Inc                      | CUSIP: 666762109<br>LEI: 5493006X7RLLTZ3SG075 | Long             | EC               | CORP              | US        |     16340 | NS      | $1523868.40   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| OceanFirst Financial Corp       | OceanFirst Financial Corp                 | CUSIP: 675234108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    166110 | NS      | $2925197.10   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Oxford Industries Inc           | Oxford Industries Inc                     | CUSIP: 691497309<br>LEI: IDZ20O0XD3GS4UOI2L88 | Long             | EC               | CORP              | US        |     51200 | NS      | $2060800.00   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| PC Connection Inc               | PC Connection Inc                         | CUSIP: 69318J100<br>LEI: 5299005WPRNIXDV2KM73 | Long             | EC               | CORP              | US        |     13100 | NS      | $861718.00    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| International Game Technology   | International Game Technology PLC         | CUSIP: N/A<br>LEI: 549300UQ6KHRCZDRGZ76       | Long             | EC               | CORP              | US        |    175000 | NS      | $2766750.00   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Inmode Ltd                      | Inmode Ltd                                | CUSIP: N/A<br>LEI: 984500DD95A35E9BD358       | Long             | EC               | CORP              | IL        |    187800 | NS      | $2711832.00   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Kosmos Energy Ltd               | Kosmos Energy Ltd                         | CUSIP: 500688106<br>LEI: 213800YDFJ3OT9B5P157 | Long             | EC               | CORP              | US        |   1364713 | NS      | $2347306.36   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Silgan Holdings Inc             | Silgan Holdings Inc                       | CUSIP: 827048109<br>LEI: KAF673KJXD92C8KSLU49 | Long             | EC               | CORP              | US        |     40100 | NS      | $2172618.00   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Stewart Information Services C  | Stewart Information Services Corp         | CUSIP: 860372101<br>LEI: 529900TV1XI0PLKENU10 | Long             | EC               | CORP              | US        |     27490 | NS      | $1789599.00   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| TrueBlue Inc                    | TrueBlue Inc                              | CUSIP: 89785X101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    324300 | NS      | $2101464.00   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Unitil Corp                     | Unitil Corp                               | CUSIP: 913259107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     23000 | NS      | $1199450.00   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Univest Financial Corp          | Univest Financial Corp                    | CUSIP: 915271100<br>LEI: 4WII2HCR8UEWNU03U507 | Long             | EC               | CORP              | US        |     77470 | NS      | $2327198.80   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Worthington Enterprises Inc     | Worthington Enterprises Inc               | CUSIP: 981811102<br>LEI: 1WRCIANKYOIK6KYE5E82 | Long             | EC               | CORP              | US        |     44300 | NS      | $2819252.00   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Sensata Technologies Holding P  | Sensata Technologies Holding PLC          | CUSIP: N/A<br>LEI: 529900MS7KFYCY9MS037       | Long             | EC               | CORP              | US        |    103800 | NS      | $3125418.00   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Healthcare Services Group Inc   | Healthcare Services Group Inc             | CUSIP: 421906108<br>LEI: 529900GVZ1D2FBYMS719 | Long             | EC               | CORP              | US        |    201000 | NS      | $3021030.00   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Huntsman Corp                   | Huntsman Corp                             | CUSIP: 447011107<br>LEI: 5299000V56320A7RIQ67 | Long             | EC               | CORP              | US        |    153400 | NS      | $1598428.00   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| JELD-WEN Holding Inc            | JELD-WEN Holding Inc                      | CUSIP: 47580P103<br>LEI: 529900AXX7CT9GZSCS30 | Long             | EC               | CORP              | US        |    376800 | NS      | $1477056.00   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Korn Ferry                      | Korn Ferry                                | CUSIP: 500643200<br>LEI: 549300FOD20OM0GT5G40 | Long             | EC               | CORP              | US        |     43896 | NS      | $3218893.68   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Lincoln National Corp           | Lincoln National Corp                     | CUSIP: 534187109<br>LEI: EFQMQROEDSNBRIP7LE47 | Long             | EC               | CORP              | US        |     42200 | NS      | $1460120.00   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| MDU Resources Group Inc         | MDU Resources Group Inc                   | CUSIP: 552690109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    168100 | NS      | $2802227.00   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| MGIC Investment Corp            | MGIC Investment Corp                      | CUSIP: 552848103<br>LEI: 254900S8483WM4M98R28 | Long             | EC               | CORP              | US        |     75030 | NS      | $2088835.20   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| MarineMax Inc                   | MarineMax Inc                             | CUSIP: 567908108<br>LEI: 254900TIXTN8WY3FNN63 | Long             | EC               | CORP              | US        |     65300 | NS      | $1641642.00   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Maximus Inc                     | Maximus Inc                               | CUSIP: 577933104<br>LEI: 549300DQCDS8HJ7QF202 | Long             | EC               | CORP              | US        |     40400 | NS      | $2836080.00   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| McGrath RentCorp                | McGrath RentCorp                          | CUSIP: 580589109<br>LEI: 254900EUH6IPWFQ83445 | Long             | EC               | CORP              | US        |      8900 | NS      | $1032044.00   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Mercantile Bank Corp            | Mercantile Bank Corp                      | CUSIP: 587376104<br>LEI: P16VZZCKTJ5IONL6XE37 | Long             | EC               | CORP              | US        |     34000 | NS      | $1577940.00   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Mid Penn Bancorp Inc            | Mid Penn Bancorp Inc                      | CUSIP: 59540G107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     28800 | NS      | $812160.00    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| MidWestOne Financial Group Inc  | MidWestOne Financial Group Inc            | CUSIP: 598511103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     48294 | NS      | $1389418.38   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| NMI Holdings Inc                | NMI Holdings Inc                          | CUSIP: 629209305<br>LEI: 529900KNNGFXJX1C3Z08 | Long             | EC               | CORP              | US        |     79070 | NS      | $3335963.30   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| NOV Inc                         | NOV Inc                                   | CUSIP: 62955J103<br>LEI: 549300EHF3IW1AR6U008 | Long             | EC               | CORP              | US        |    221400 | NS      | $2752002.00   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| National Research Corp          | National Research Corp                    | CUSIP: 637372202<br>LEI: 549300FQIORB6GZCYT15 | Long             | EC               | CORP              | US        |     62900 | NS      | $1056720.00   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Navient Corp                    | Navient Corp                              | CUSIP: 63938C108<br>LEI: 54930067J0ZNOEBRW338 | Long             | EC               | CORP              | US        |    209060 | NS      | $2947746.00   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| NEXTracker Inc                  | NEXTracker Inc                            | CUSIP: 65290E101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     66500 | NS      | $3615605.00   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Northeast Bank                  | Northeast Bank                            | CUSIP: 66405S100<br>LEI: 549300F0LV9TSW34E306 | Long             | EC               | CORP              | US        |      6200 | NS      | $551738.00    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Northfield Bancorp Inc          | Northfield Bancorp Inc                    | CUSIP: 66611T108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    204507 | NS      | $2347740.36   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Northwestern Energy Group Inc   | Northwestern Energy Group Inc             | CUSIP: 668074305<br>LEI: 254900N1WG46G1VMDM34 | Long             | EC               | CORP              | US        |     48800 | NS      | $2503440.00   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| PBF Energy Inc                  | PBF Energy Inc                            | CUSIP: 69318G106<br>LEI: 2549003PBEDCSZMZIY02 | Long             | EC               | CORP              | US        |    145500 | NS      | $3152985.00   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| TXNM Energy Inc                 | TXNM Energy Inc                           | CUSIP: 69349H107<br>LEI: 5493003JOBJGLZSDDQ28 | Long             | EC               | CORP              | US        |     51440 | NS      | $2897100.80   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Peoples Financial Services Cor  | Peoples Financial Services Corp           | CUSIP: 711040105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16000 | NS      | $789920.00    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Phinia Inc                      | Phinia Inc                                | CUSIP: 71880K101<br>LEI: 254900HG6MORZE1FFM18 | Long             | EC               | CORP              | US        |     34000 | NS      | $1512660.00   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| RBB Bancorp                     | RBB Bancorp                               | CUSIP: 74930B105<br>LEI: 549300A23FBFZNGET525 | Long             | EC               | CORP              | US        |     53432 | NS      | $919564.72    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Select Water Solutions Inc      | Select Water Solutions Inc                | CUSIP: 81617J301<br>LEI: 54930094OK8LA3QDW486 | Long             | EC               | CORP              | US        |    236600 | NS      | $2044224.00   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Select Medical Holdings Corp    | Select Medical Holdings Corp              | CUSIP: 81619Q105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    111100 | NS      | $1686498.00   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Stagwell Inc                    | Stagwell Inc                              | CUSIP: 85256A109<br>LEI: 549300KIYTU6J3NYJ009 | Long             | EC               | CORP              | US        |    269000 | NS      | $1210500.00   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Sun Country Airlines Holdings   | Sun Country Airlines Holdings Inc         | CUSIP: 866683105<br>LEI: 549300MOHOJN9GH0NJ48 | Long             | EC               | CORP              | US        |     71600 | NS      | $841300.00    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Tennant Co                      | Tennant Co                                | CUSIP: 880345103<br>LEI: JYAIRLT8DVP6DP8UT336 | Long             | EC               | CORP              | US        |     30000 | NS      | $2324400.00   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Tompkins Financial Corp         | Tompkins Financial Corp                   | CUSIP: 890110109<br>LEI: 254900QDQ6V0QJ0Z2348 | Long             | EC               | CORP              | US        |     28420 | NS      | $1782786.60   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Utah Medical Products Inc       | Utah Medical Products Inc                 | CUSIP: 917488108<br>LEI: 5493002R27BBGV8DID60 | Long             | EC               | CORP              | US        |     25900 | NS      | $1474228.00   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| WaFd Inc                        | WaFd Inc                                  | CUSIP: 938824109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    100834 | NS      | $2952419.52   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| LivaNova PLC                    | LivaNova PLC                              | CUSIP: N/A<br>LEI: 2138001K2FX6SHK2B339       | Long             | EC               | CORP              | GB        |     71400 | NS      | $3214428.00   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Douglas Elliman Inc             | Douglas Elliman Inc                       | CUSIP: 25961D105<br>LEI: 549300BXICHPOXA1NO93 | Long             | EC               | CORP              | US        |    434900 | NS      | $1008968.00   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Financial Institutions Inc      | Financial Institutions Inc                | CUSIP: 317585404<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     90761 | NS      | $2330742.48   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| First Foundation Inc            | First Foundation Inc                      | CUSIP: 32026V104<br>LEI: 254900TQZQ6LBCK77E82 | Long             | EC               | CORP              | US        |    407397 | NS      | $2077724.70   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| First Interstate BancSystem In  | First Interstate BancSystem Inc           | CUSIP: 32055Y201<br>LEI: 549300WRWYTYX0RCNJ43 | Long             | EC               | CORP              | US        |     84400 | NS      | $2432408.00   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Goodyear Tire & Rubber Co/The   | Goodyear Tire & Rubber Co/The             | CUSIP: 382550101<br>LEI: 5493002BI0S2ZQUY3437 | Long             | EC               | CORP              | US        |    139200 | NS      | $1443504.00   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Photronics Inc                  | Photronics Inc                            | CUSIP: 719405102<br>LEI: 549300OK5JVNIBNY6F63 | Long             | EC               | CORP              | US        |    110780 | NS      | $2085987.40   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Plexus Corp                     | Plexus Corp                               | CUSIP: 729132100<br>LEI: 549300W7HCBI5YT25I79 | Long             | EC               | CORP              | US        |     16223 | NS      | $2195134.13   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| ProPetro Holding Corp           | ProPetro Holding Corp                     | CUSIP: 74347M108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    395000 | NS      | $2358150.00   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| RPC Inc                         | RPC Inc                                   | CUSIP: 749660106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    395800 | NS      | $1872134.00   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Resources Connection Inc        | Resources Connection Inc                  | CUSIP: 76122Q105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    365585 | NS      | $1963191.45   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Sanmina Corp                    | Sanmina Corp                              | CUSIP: 801056102<br>LEI: X5K24XLM8QYRXF00EB42 | Long             | EC               | CORP              | US        |     15145 | NS      | $1481635.35   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| ScanSource Inc                  | ScanSource Inc                            | CUSIP: 806037107<br>LEI: 7FHBAN017QDY4K2KP156 | Long             | EC               | CORP              | US        |     88400 | NS      | $3696004.00   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Expro Group Holdings NV         | Expro Group Holdings NV                   | CUSIP: N/A<br>LEI: 724500LJYA8QIT73H017       | Long             | EC               | CORP              | US        |    302503 | NS      | $2598500.77   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| American Vanguard Corp          | American Vanguard Corp                    | CUSIP: 030371108<br>LEI: 529900GWI78WZA5M9783 | Long             | EC               | CORP              | US        |    147300 | NS      | $577416.00    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Apollo Commercial Real Estate   | Apollo Commercial Real Estate Finance Inc | CUSIP: 03762U105<br>LEI: 549300E0AN7M2AQHSY29 | Long             | EC               | CORP              | US        |    153500 | NS      | $1485880.00   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Arrow Financial Corp            | Arrow Financial Corp                      | CUSIP: 042744102<br>LEI: 2549007Z8GI9ZZIQ1817 | Long             | EC               | CORP              | US        |     30200 | NS      | $797884.00    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Adtalem Global Education Inc    | Adtalem Global Education Inc              | CUSIP: 00737L103<br>LEI: 549300Z467EZLMODV621 | Long             | EC               | CORP              | US        |      4540 | NS      | $577624.20    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| 1st Source Corp                 | 1st Source Corp                           | CUSIP: 336901103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     48166 | NS      | $2989663.62   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Adeia Inc                       | Adeia Inc                                 | CUSIP: 00676P107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    170800 | NS      | $2415112.00   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Armstrong World Industries Inc  | Armstrong World Industries Inc            | CUSIP: 04247X102<br>LEI: KXMRXXOJ88Q45Y45MG74 | Long             | EC               | CORP              | US        |     15060 | NS      | $2446346.40   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Beazer Homes USA Inc            | Beazer Homes USA Inc                      | CUSIP: 07556Q881<br>LEI: 549300DUPYT2T0F60I45 | Long             | EC               | CORP              | US        |     26500 | NS      | $592805.00    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Carter's Inc                    | Carter's Inc                              | CUSIP: 146229109<br>LEI: 5299003WAQK4R3L3ZU36 | Long             | EC               | CORP              | US        |     34000 | NS      | $1024420.00   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Myers Industries Inc            | Myers Industries Inc                      | CUSIP: 628464109<br>LEI: 549300I2H9XMVTCW4Q51 | Long             | EC               | CORP              | US        |    176800 | NS      | $2561832.00   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| NBT Bancorp Inc                 | NBT Bancorp Inc                           | CUSIP: 628778102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     17472 | NS      | $725961.60    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Oil & Gas Inc          | Northern Oil & Gas Inc                    | CUSIP: 665531307<br>LEI: OKFF0PIZDDMNH4UCYE51 | Long             | EC               | CORP              | US        |     93260 | NS      | $2643921.00   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Oil States International Inc    | Oil States International Inc              | CUSIP: 678026105<br>LEI: 5493004TF4KQJGMYL777 | Long             | EC               | CORP              | US        |    322400 | NS      | $1728064.00   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Origin Bancorp Inc              | Origin Bancorp Inc                        | CUSIP: 68621T102<br>LEI: 54930055DO2Z4KO3NB45 | Long             | EC               | CORP              | US        |     64300 | NS      | $2298082.00   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Par Pacific Holdings Inc        | Par Pacific Holdings Inc                  | CUSIP: 69888T207<br>LEI: 549300BTNS7MHSHRLR55 | Long             | EC               | CORP              | US        |    174900 | NS      | $4640097.00   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Pebblebrook Hotel Trust         | Pebblebrook Hotel Trust                   | CUSIP: 70509V100<br>LEI: 5493004Q1NNH6JXCSI52 | Long             | EC               | CORP              | US        |    303100 | NS      | $3027969.00   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Sonoco Products Co              | Sonoco Products Co                        | CUSIP: 835495102<br>LEI: GKOMIK4RDJGHEF0VNP11 | Long             | EC               | CORP              | US        |     61700 | NS      | $2687652.00   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Helen of Troy Ltd               | Helen of Troy Ltd                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     65500 | NS      | $1858890.00   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Bread Financial Holdings Inc    | Bread Financial Holdings Inc              | CUSIP: 018581108<br>LEI: 549300G8S4PO686J7H97 | Long             | EC               | CORP              | US        |     56190 | NS      | $3209572.80   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Ares Commercial Real Estate Co  | Ares Commercial Real Estate Corp          | CUSIP: 04013V108<br>LEI: 549300ZNO5IWXS443S81 | Long             | EC               | CORP              | US        |    296600 | NS      | $1414782.00   | 0.19%             |  |  |  | No            |                  1 | On Loan: —       |
| Atkore Inc                      | Atkore Inc                                | CUSIP: 047649108<br>LEI: 52990002TI38AM4RPV48 | Long             | EC               | CORP              | US        |     36100 | NS      | $2546855.00   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Banc of California Inc          | Banc of California Inc                    | CUSIP: 05990K106<br>LEI: 549300ZKWUJDP6LJ1X87 | Long             | EC               | CORP              | US        |    218918 | NS      | $3075797.90   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Burke & Herbert Financial Serv  | Burke & Herbert Financial Services Corp   | CUSIP: 12135Y108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     26200 | NS      | $1564926.00   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| CNO Financial Group Inc         | CNO Financial Group Inc                   | CUSIP: 12621E103<br>LEI: 11XPYHB76MPM4Y4P2897 | Long             | EC               | CORP              | US        |     66086 | NS      | $2549597.88   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| California Resources Corp       | California Resources Corp                 | CUSIP: 13057Q305<br>LEI: 5493003Q8F0T4F4YMR48 | Long             | EC               | CORP              | US        |     35690 | NS      | $1629962.30   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Cathay General Bancorp          | Cathay General Bancorp                    | CUSIP: 149150104<br>LEI: 549300K1SLJ8C97H5L68 | Long             | EC               | CORP              | US        |     36032 | NS      | $1640536.96   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Century Communities Inc         | Century Communities Inc                   | CUSIP: 156504300<br>LEI: 5299002QMB2O7ZL1CA26 | Long             | EC               | CORP              | US        |     18696 | NS      | $1052958.72   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Dime Community Bancshares Inc   | Dime Community Bancshares Inc             | CUSIP: 25432X102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     50600 | NS      | $1363164.00   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| ePlus Inc                       | ePlus Inc                                 | CUSIP: 294268107<br>LEI: 529900FFY8AAFJ21NE91 | Long             | EC               | CORP              | US        |     32100 | NS      | $2314410.00   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Excelerate Energy Inc           | Excelerate Energy Inc                     | CUSIP: 30069T101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     52300 | NS      | $1533436.00   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Farmers National Banc Corp      | Farmers National Banc Corp                | CUSIP: 309627107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     39271 | NS      | $541547.09    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| First Mid Bancshares Inc        | First Mid Bancshares Inc                  | CUSIP: 320866106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     24100 | NS      | $903509.00    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Fluor Corp                      | Fluor Corp                                | CUSIP: 343412102<br>LEI: CQ7WZ4NOFWT7FAE6Q943 | Long             | EC               | CORP              | US        |     86700 | NS      | $4445109.00   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Global Industrial Co            | Global Industrial Co                      | CUSIP: 37892E102<br>LEI: 5493000GO8Z3HEWCGE46 | Long             | EC               | CORP              | US        |     92057 | NS      | $2486459.57   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Granite Point Mortgage Trust I  | Granite Point Mortgage Trust Inc          | CUSIP: 38741L107<br>LEI: 529900VX2HQZ76AYIE02 | Long             | EC               | CORP              | US        |    404300 | NS      | $998621.00    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Green Brick Partners Inc        | Green Brick Partners Inc                  | CUSIP: 392709101<br>LEI: 549300R7SCIV7FQI6T56 | Long             | EC               | CORP              | US        |     20520 | NS      | $1290297.60   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Vital Energy Inc                | Vital Energy Inc                          | CUSIP: 516806205<br>LEI: 549300X0PTWU2QSLSL14 | Long             | EC               | CORP              | US        |    147300 | NS      | $2370057.00   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| MGP Ingredients Inc             | MGP Ingredients Inc                       | CUSIP: 55303J106<br>LEI: 2549006OMHFVZ4MS8538 | Long             | EC               | CORP              | US        |     22400 | NS      | $671328.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| MSC Industrial Direct Co Inc    | MSC Industrial Direct Co Inc              | CUSIP: 553530106<br>LEI: 0XVKH0LN6YGOWO2EGO17 | Long             | EC               | CORP              | US        |     34600 | NS      | $2941692.00   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| MillerKnoll Inc                 | MillerKnoll Inc                           | CUSIP: 600544100<br>LEI: U98HXD3PNK7HYU2MU887 | Long             | EC               | CORP              | US        |    156000 | NS      | $3029520.00   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Monarch Casino & Resort Inc     | Monarch Casino & Resort Inc               | CUSIP: 609027107<br>LEI: 549300AK5FF7KY11V997 | Long             | EC               | CORP              | US        |     26600 | NS      | $2299304.00   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| OSI Systems Inc                 | OSI Systems Inc                           | CUSIP: 671044105<br>LEI: DDX3MPX1Y8YD30050X33 | Long             | EC               | CORP              | US        |      8300 | NS      | $1866338.00   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Otter Tail Corp                 | Otter Tail Corp                           | CUSIP: 689648103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     22850 | NS      | $1761506.50   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| PVH Corp                        | PVH Corp                                  | CUSIP: 693656100<br>LEI: 123WALMHY1GZXG2YDL90 | Long             | EC               | CORP              | US        |     21600 | NS      | $1481760.00   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Park Hotels & Resorts Inc       | Park Hotels & Resorts Inc                 | CUSIP: 700517105<br>LEI: 5493005UZ5TQN0H6HS73 | Long             | EC               | CORP              | US        |    291900 | NS      | $2986137.00   | 0.41%             |  |  |  | No            |                  1 | On Loan: —       |
| Peapack-Gladstone Financial Co  | Peapack-Gladstone Financial Corp          | CUSIP: 704699107<br>LEI: 549300G8DN2UK8K0ET30 | Long             | EC               | CORP              | US        |     71400 | NS      | $2017050.00   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Polaris Inc                     | Polaris Inc                               | CUSIP: 731068102<br>LEI: 549300QJSN8UVWN1EI78 | Long             | EC               | CORP              | US        |     69300 | NS      | $2817045.00   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Preferred Bank/Los Angeles CA   | Preferred Bank/Los Angeles CA             | CUSIP: 740367404<br>LEI: 5493007K6HGI9G0ECX16 | Long             | EC               | CORP              | US        |     32740 | NS      | $2833483.30   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| REX American Resources Corp     | REX American Resources Corp               | CUSIP: 761624105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     66500 | NS      | $3239215.00   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Science Applications Internati  | Science Applications International Corp   | CUSIP: 808625107<br>LEI: 549300LZPNZIXQGZPZ48 | Long             | EC               | CORP              | US        |     11200 | NS      | $1261232.00   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| United Parks & Resorts Inc      | United Parks & Resorts Inc                | CUSIP: 81282V100<br>LEI: 529900G0H4NV3IIK3269 | Long             | EC               | CORP              | US        |     60600 | NS      | $2857290.00   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Sierra Bancorp                  | Sierra Bancorp                            | CUSIP: 82620P102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     37800 | NS      | $1122282.00   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Thermon Group Holdings Inc      | Thermon Group Holdings Inc                | CUSIP: 88362T103<br>LEI: 529900ZNZBBLDE77MZ38 | Long             | EC               | CORP              | US        |    101223 | NS      | $2842341.84   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Titan Machinery Inc             | Titan Machinery Inc                       | CUSIP: 88830R101<br>LEI: 549300835ZM8G0BT5C94 | Long             | EC               | CORP              | US        |    158800 | NS      | $3145828.00   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Vontier Corp                    | Vontier Corp                              | CUSIP: 928881101<br>LEI: 549300VVSQLG4P5K4639 | Long             | EC               | CORP              | US        |     44100 | NS      | $1627290.00   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| WK Kellogg Co                   | WK Kellogg Co                             | CUSIP: 92942W107<br>LEI: 529900SWC935GFWUJ804 | Long             | EC               | CORP              | US        |    139400 | NS      | $2222036.00   | 0.30%             |  |  |  | No            |                  1 | On Loan: —       |
| ConnectOne Bancorp Inc          | ConnectOne Bancorp Inc                    | CUSIP: 20786W107<br>LEI: 549300E2M5ZYAZKUK134 | Long             | EC               | CORP              | US        |    136034 | NS      | $3150550.91   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Dave & Buster's Entertainment   | Dave & Buster's Entertainment Inc         | CUSIP: 238337109<br>LEI: 529900WTVU85QZLYHR86 | Long             | EC               | CORP              | US        |     31600 | NS      | $950528.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Delek US Holdings Inc           | Delek US Holdings Inc                     | CUSIP: 24665A103<br>LEI: 5493003O53JMENV1N385 | Long             | EC               | CORP              | US        |    142800 | NS      | $3024504.00   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Emerald Holding Inc             | Emerald Holding Inc                       | CUSIP: 29103W104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    154580 | NS      | $749713.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: —       |
| Enact Holdings Inc              | Enact Holdings Inc                        | CUSIP: 29249E109<br>LEI: 9845003CA5664B741N19 | Long             | EC               | CORP              | US        |     75600 | NS      | $2808540.00   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Euronet Worldwide Inc           | Euronet Worldwide Inc                     | CUSIP: 298736109<br>LEI: YG3575C4DSHJPA5KET68 | Long             | EC               | CORP              | US        |     27800 | NS      | $2818364.00   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| F&G Annuities & Life Inc        | F&G Annuities & Life Inc                  | CUSIP: 30190A104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     80300 | NS      | $2567994.00   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Acadia Healthcare Co Inc        | Acadia Healthcare Co Inc                  | CUSIP: 00404A109<br>LEI: 5493005CW985Y9D0NC11 | Long             | EC               | CORP              | US        |    121600 | NS      | $2759104.00   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Advance Auto Parts Inc          | Advance Auto Parts Inc                    | CUSIP: 00751Y106<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | EC               | CORP              | US        |     35100 | NS      | $1631799.00   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of Marin Bancorp           | Bank of Marin Bancorp                     | CUSIP: 063425102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     33600 | NS      | $767424.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Berkshire Hills Bancorp Inc     | Berkshire Hills Bancorp Inc               | CUSIP: 084680107<br>LEI: 549300AS2OC6UMMBNO37 | Long             | EC               | CORP              | US        |     81300 | NS      | $2035752.00   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Cabot Corp                      | Cabot Corp                                | CUSIP: 127055101<br>LEI: K05C0SER542GQ6VLRO68 | Long             | EC               | CORP              | US        |     19500 | NS      | $1462500.00   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Claros Mortgage Trust Inc       | Claros Mortgage Trust Inc                 | CUSIP: 18270D106<br>LEI: 549300Z9LU2CZ3K30C16 | Long             | EC               | CORP              | US        |    290300 | NS      | $827355.00    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Core Laboratories Inc           | Core Laboratories Inc                     | CUSIP: 21867A105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    102600 | NS      | $1181952.00   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Empire State Realty Trust Inc   | Empire State Realty Trust Inc             | CUSIP: 292104106<br>LEI: 549300VOKY1DUEQSB456 | Long             | EC               | CORP              | US        |    381300 | NS      | $3084717.00   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Ennis Inc                       | Ennis Inc                                 | CUSIP: 293389102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     41500 | NS      | $752810.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| First Financial Corp            | First Financial Corp                      | CUSIP: 320218100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     32763 | NS      | $1775426.97   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| First Hawaiian Inc              | First Hawaiian Inc                        | CUSIP: 32051X108<br>LEI: 5493002DJSH46F5OLV06 | Long             | EC               | CORP              | US        |    117640 | NS      | $2936294.40   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Northwest Natural Holding Co    | Northwest Natural Holding Co              | CUSIP: 66765N105<br>LEI: 254900PSJL6ZEC8FR782 | Long             | EC               | CORP              | US        |     61800 | NS      | $2454696.00   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Steelcase Inc                   | Steelcase Inc                             | CUSIP: 858155203<br>LEI: GIE4CCPBJDI8SMV1OX95 | Long             | EC               | CORP              | US        |    208000 | NS      | $2169440.00   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Talos Energy Inc                | Talos Energy Inc                          | CUSIP: 87484T108<br>LEI: 549300OKFHZ84SFJFT95 | Long             | EC               | CORP              | US        |    360900 | NS      | $3060432.00   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Towne Bank/Portsmouth VA        | Towne Bank/Portsmouth VA                  | CUSIP: 89214P109<br>LEI: 54930039UO39UJGI7078 | Long             | EC               | CORP              | US        |     27400 | NS      | $936532.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Travel + Leisure Co             | Travel + Leisure Co                       | CUSIP: 894164102<br>LEI: T4VNTWMFQ7JQB65L7T35 | Long             | EC               | CORP              | US        |     61000 | NS      | $3148210.00   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| TriCo Bancshares                | TriCo Bancshares                          | CUSIP: 896095106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     57000 | NS      | $2307930.00   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| TriMas Corp                     | TriMas Corp                               | CUSIP: 896215209<br>LEI: 75G1WUQ8QK4P5MZOYD78 | Long             | EC               | CORP              | US        |     88800 | NS      | $2540568.00   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| UniFirst Corp/MA                | UniFirst Corp/MA                          | CUSIP: 904708104<br>LEI: 5493003XBTNWBC8UK019 | Long             | EC               | CORP              | US        |      7700 | NS      | $1449294.00   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| VAALCO Energy Inc               | VAALCO Energy Inc                         | CUSIP: 91851C201<br>LEI: 549300CFHFVIWB8M6T24 | Long             | EC               | CORP              | US        |    758200 | NS      | $2737102.00   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| ZoomInfo Technologies Inc       | ZoomInfo Technologies Inc                 | CUSIP: 98980F104<br>LEI: 2549008GSAHW4UWFEM58 | Long             | EC               | CORP              | US        |    179100 | NS      | $1812492.00   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellium SE                  | Constellium SE                            | CUSIP: N/A<br>LEI: 724500KRJEMC79KAAU28       | Long             | EC               | CORP              | FR        |     78300 | NS      | $1041390.00   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Adient PLC                      | Adient PLC                                | CUSIP: N/A<br>LEI: 5493002QLDY8O75RTR78       | Long             | EC               | CORP              | US        |    152905 | NS      | $2975531.30   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| White Mountains Insurance Grou  | White Mountains Insurance Group Ltd       | CUSIP: N/A<br>LEI: 549300N3FL068JERBG02       | Long             | EC               | CORP              | US        |      1500 | NS      | $2693580.00   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Forrester Research Inc          | Forrester Research Inc                    | CUSIP: 346563109<br>LEI: 549300UUSFXYLJ80Z897 | Long             | EC               | CORP              | US        |     48100 | NS      | $476190.00    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| L B Foster Co                   | L B Foster Co                             | CUSIP: 350060109<br>LEI: 549300AUUJGJ2T2L2179 | Long             | EC               | CORP              | US        |     43500 | NS      | $951345.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Hain Celestial Group Inc/The    | Hain Celestial Group Inc/The              | CUSIP: 405217100<br>LEI: 5493000S8QXWHLIXDP75 | Long             | EC               | CORP              | US        |    169164 | NS      | $257129.28    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Hillenbrand Inc                 | Hillenbrand Inc                           | CUSIP: 431571108<br>LEI: U246OE781574J2BUD366 | Long             | EC               | CORP              | US        |    122520 | NS      | $2458976.40   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| IPG Photonics Corp              | IPG Photonics Corp                        | CUSIP: 44980X109<br>LEI: 5493002KZ51CADQ94G15 | Long             | EC               | CORP              | US        |     37700 | NS      | $2588105.00   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Ingevity Corp                   | Ingevity Corp                             | CUSIP: 45688C107<br>LEI: 5493009UTFC4B5IMGF87 | Long             | EC               | CORP              | US        |     39100 | NS      | $1684819.00   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Janus International Group Inc   | Janus International Group Inc             | CUSIP: 47103N106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    338400 | NS      | $2754576.00   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Energy Inc              | Liberty Energy Inc                        | CUSIP: 53115L104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    169750 | NS      | $1948730.00   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Merchants Bancorp/IN            | Merchants Bancorp/IN                      | CUSIP: 58844R108<br>LEI: 54930008Y0GPVLF81889 | Long             | EC               | CORP              | US        |     79500 | NS      | $2629065.00   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Miller Industries Inc/TN        | Miller Industries Inc/TN                  | CUSIP: 600551204<br>LEI: 549300F1O74SPUJ7UU94 | Long             | EC               | CORP              | US        |     28530 | NS      | $1268443.80   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| National CineMedia Inc          | National CineMedia Inc                    | CUSIP: 635309206<br>LEI: 5493000MOLIVSOGKEB48 | Long             | EC               | CORP              | US        |    132100 | NS      | $640024.50    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Flagstar Financial Inc          | Flagstar Financial Inc                    | CUSIP: 649445400<br>LEI: 529900HVXOTLY61GL030 | Long             | EC               | CORP              | US        |    237000 | NS      | $2512200.00   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| NextDecade Corp                 | NextDecade Corp                           | CUSIP: 65342K105<br>LEI: 549300XB4GCLNGHFTT48 | Long             | EC               | CORP              | US        |    366450 | NS      | $3265069.50   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Olin Corp                       | Olin Corp                                 | CUSIP: 680665205<br>LEI: 549300GKK294V7W57P06 | Long             | EC               | CORP              | US        |    120400 | NS      | $2418836.00   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Cushman & Wakefield PLC         | Cushman & Wakefield PLC                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    330730 | NS      | $3661181.10   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| National Energy Services Reuni  | National Energy Services Reunited Corp    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    270900 | NS      | $1630818.00   | 0.22%             |  |  |  | No            |                  1 | On Loan: —       |
| ASGN Inc                        | ASGN Inc                                  | CUSIP: 00191U102<br>LEI: LZBNYYCBUKY537072438 | Long             | EC               | CORP              | US        |     46000 | NS      | $2296780.00   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Alexander's Inc                 | Alexander's Inc                           | CUSIP: 014752109<br>LEI: 549300TZM28P04U5R635 | Long             | EC               | CORP              | US        |      6500 | NS      | $1464580.00   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Apogee Enterprises Inc          | Apogee Enterprises Inc                    | CUSIP: 037598109<br>LEI: 549300579S7QW8V4IJ60 | Long             | EC               | CORP              | US        |     43600 | NS      | $1770160.00   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Hanover Insurance Group Inc/Th  | Hanover Insurance Group Inc/The           | CUSIP: 410867105<br>LEI: JJYR6MFKFF6CF8DBZ078 | Long             | EC               | CORP              | US        |     16600 | NS      | $2819842.00   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Heritage Commerce Corp          | Heritage Commerce Corp                    | CUSIP: 426927109<br>LEI: 549300CLIS851ELSR406 | Long             | EC               | CORP              | US        |    296500 | NS      | $2944245.00   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson Outdoors Inc            | Johnson Outdoors Inc                      | CUSIP: 479167108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     50600 | NS      | $1531662.00   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Kennametal Inc                  | Kennametal Inc                            | CUSIP: 489170100<br>LEI: 549300GZDSG25XUV0Y08 | Long             | EC               | CORP              | US        |     69700 | NS      | $1600312.00   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Kforce Inc                      | Kforce Inc                                | CUSIP: 493732101<br>LEI: 5493003RDQQDVXY2SK46 | Long             | EC               | CORP              | US        |     61900 | NS      | $2545947.00   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Knife River Corp                | Knife River Corp                          | CUSIP: 498894104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     22800 | NS      | $1861392.00   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Pacific Premier Bancorp Inc     | Pacific Premier Bancorp Inc               | CUSIP: 69478X105<br>LEI: 549300Q1KIC3KLI0XG98 | Long             | EC               | CORP              | US        |    127214 | NS      | $2682943.26   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Provident Financial Services I  | Provident Financial Services Inc          | CUSIP: 74386T105<br>LEI: 529900JOSO3SXEDVE477 | Long             | EC               | CORP              | US        |    162472 | NS      | $2848134.16   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| RMR Group Inc/The               | RMR Group Inc/The                         | CUSIP: 74967R106<br>LEI: 549300JP4L34E48UJM16 | Long             | EC               | CORP              | US        |     82900 | NS      | $1355415.00   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Resideo Technologies Inc        | Resideo Technologies Inc                  | CUSIP: 76118Y104<br>LEI: 5493006TKFPYISY2DS54 | Long             | EC               | CORP              | US        |    139000 | NS      | $3066340.00   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Schneider National Inc          | Schneider National Inc                    | CUSIP: 80689H102<br>LEI: 529900V6GZ6G6E3BLV72 | Long             | EC               | CORP              | US        |     59300 | NS      | $1432095.00   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Sonic Automotive Inc            | Sonic Automotive Inc                      | CUSIP: 83545G102<br>LEI: 549300NTLRGJ2JCBZU03 | Long             | EC               | CORP              | US        |     45750 | NS      | $3656797.50   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| South Plains Financial Inc      | South Plains Financial Inc                | CUSIP: 83946P107<br>LEI: 549300SNEBP48642N493 | Long             | EC               | CORP              | US        |     26500 | NS      | $955060.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Southwest Gas Holdings Inc      | Southwest Gas Holdings Inc                | CUSIP: 844895102<br>LEI: 254900LKF9EV0CUKNE09 | Long             | EC               | CORP              | US        |     39300 | NS      | $2923527.00   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Tri Pointe Homes Inc            | Tri Pointe Homes Inc                      | CUSIP: 87265H109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     62717 | NS      | $2003808.15   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Thor Industries Inc             | Thor Industries Inc                       | CUSIP: 885160101<br>LEI: 254900XZO1228PDSG060 | Long             | EC               | CORP              | US        |     30000 | NS      | $2664300.00   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Veritex Holdings Inc            | Veritex Holdings Inc                      | CUSIP: 923451108<br>LEI: 549300F3SMOML02SC814 | Long             | EC               | CORP              | US        |    124000 | NS      | $3236400.00   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Signet Jewelers Ltd             | Signet Jewelers Ltd                       | CUSIP: N/A<br>LEI: 549300N3XPGE91WV7M22       | Long             | EC               | CORP              | US        |     36700 | NS      | $2919485.00   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Arrow Electronics Inc           | Arrow Electronics Inc                     | CUSIP: 042735100<br>LEI: 549300YNNLBXT8N8R512 | Long             | EC               | CORP              | US        |     19200 | NS      | $2446656.00   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Asbury Automotive Group Inc     | Asbury Automotive Group Inc               | CUSIP: 043436104<br>LEI: 549300JH4DTA7U42GL91 | Long             | EC               | CORP              | US        |      5654 | NS      | $1348705.16   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Associated Banc-Corp            | Associated Banc-Corp                      | CUSIP: 045487105<br>LEI: 549300N3CIN473IW5094 | Long             | EC               | CORP              | US        |    118900 | NS      | $2899971.00   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Radian Group Inc                | Radian Group Inc                          | CUSIP: 750236101<br>LEI: 54930005OUP720S5U385 | Long             | EC               | CORP              | US        |     84400 | NS      | $3040088.00   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Selective Insurance Group Inc   | Selective Insurance Group Inc             | CUSIP: 816300107<br>LEI: 549300R3WGJWLE40R258 | Long             | EC               | CORP              | US        |     22200 | NS      | $1923630.00   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Seritage Growth Properties      | Seritage Growth Properties                | CUSIP: 81752R100<br>LEI: 5493003CJFC2MM82WB25 | Long             | EC               | CORP              | US        |    393348 | NS      | $1211511.84   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Simmons First National Corp     | Simmons First National Corp               | CUSIP: 828730200<br>LEI: 549300IVR5AJKUVOGN05 | Long             | EC               | CORP              | US        |    147100 | NS      | $2789016.00   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Timken Co/The                   | Timken Co/The                             | CUSIP: 887389104<br>LEI: B0I35MLPFXZSE70ASS73 | Long             | EC               | CORP              | US        |     41900 | NS      | $3039845.00   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Visteon Corp                    | Visteon Corp                              | CUSIP: 92839U206<br>LEI: 549300MOVLYHRW4GGW78 | Long             | EC               | CORP              | US        |     27300 | NS      | $2547090.00   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| WesBanco Inc                    | WesBanco Inc                              | CUSIP: 950810101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     93648 | NS      | $2962086.24   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Assured Guaranty Ltd            | Assured Guaranty Ltd                      | CUSIP: N/A<br>LEI: 549300BBOQUJEPH87M14       | Long             | EC               | CORP              | BM        |     15130 | NS      | $1317823.00   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| AerSale Corp                    | AerSale Corp                              | CUSIP: 00810F106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    191600 | NS      | $1151516.00   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| American Assets Trust Inc       | American Assets Trust Inc                 | CUSIP: 024013104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     75400 | NS      | $1489150.00   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Astrana Health Inc              | Astrana Health Inc                        | CUSIP: 03763A207<br>LEI: 5493008O4R82Q4STJ936 | Long             | EC               | CORP              | US        |     66300 | NS      | $1649544.00   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| BayCom Corp                     | BayCom Corp                               | CUSIP: 07272M107<br>LEI: 549300UOLS54Q5ONIG33 | Long             | EC               | CORP              | US        |     36300 | NS      | $1005873.00   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Black Hills Corp                | Black Hills Corp                          | CUSIP: 092113109<br>LEI: 3MGELCRSTNSAMJ962671 | Long             | EC               | CORP              | US        |     46600 | NS      | $2614260.00   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Brookline Bancorp Inc           | Brookline Bancorp Inc                     | CUSIP: 11373M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    270099 | NS      | $2849544.45   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Capital Bancorp Inc             | Capital Bancorp Inc                       | CUSIP: 139737100<br>LEI: 549300LQKYGWQ7VP0C75 | Long             | EC               | CORP              | US        |     26700 | NS      | $896586.00    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Cass Information Systems Inc    | Cass Information Systems Inc              | CUSIP: 14808P109<br>LEI: 549300G7XPIPR7SJ2F38 | Long             | EC               | CORP              | US        |     39700 | NS      | $1724965.00   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Central Garden & Pet Co         | Central Garden & Pet Co                   | CUSIP: 153527106<br>LEI: 5493004DVZLD37DJ0H83 | Long             | EC               | CORP              | US        |     40500 | NS      | $1424790.00   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Central Pacific Financial Corp  | Central Pacific Financial Corp            | CUSIP: 154760409<br>LEI: 549300W3YEAOZ4KGG849 | Long             | EC               | CORP              | US        |     79480 | NS      | $2227824.40   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Civista Bancshares Inc          | Civista Bancshares Inc                    | CUSIP: 178867107<br>LEI: 5493001LX61Z2UVYSC48 | Long             | EC               | CORP              | US        |     39000 | NS      | $904800.00    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| DiamondRock Hospitality Co      | DiamondRock Hospitality Co                | CUSIP: 252784301<br>LEI: 529900KKD4BPVBUAQ734 | Long             | EC               | CORP              | US        |    292700 | NS      | $2242082.00   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Envista Holdings Corp           | Envista Holdings Corp                     | CUSIP: 29415F104<br>LEI: 549300BX623VURJZ5269 | Long             | EC               | CORP              | US        |     78600 | NS      | $1535844.00   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| First Busey Corp                | First Busey Corp                          | CUSIP: 319383204<br>LEI: 549300X4ZNLYSX7GUY60 | Long             | EC               | CORP              | US        |    133151 | NS      | $3047160.64   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Gentex Corp                     | Gentex Corp                               | CUSIP: 371901109<br>LEI: 549300S3UD8XV1MN0287 | Long             | EC               | CORP              | US        |    136900 | NS      | $3010431.00   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Harley-Davidson Inc             | Harley-Davidson Inc                       | CUSIP: 412822108<br>LEI: ZDNAWZWXIKMWI51R2A08 | Long             | EC               | CORP              | US        |    113200 | NS      | $2671520.00   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Hilltop Holdings Inc            | Hilltop Holdings Inc                      | CUSIP: 432748101<br>LEI: 54930010TA543US0PM65 | Long             | EC               | CORP              | US        |     92100 | NS      | $2795235.00   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Kimball Electronics Inc         | Kimball Electronics Inc                   | CUSIP: 49428J109<br>LEI: 549300COBYN2GZCBIU87 | Long             | EC               | CORP              | US        |     99200 | NS      | $1907616.00   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| LGI Homes Inc                   | LGI Homes Inc                             | CUSIP: 50187T106<br>LEI: 549300W02B4WNV8CV109 | Long             | EC               | CORP              | US        |     23300 | NS      | $1200416.00   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Legacy Housing Corp             | Legacy Housing Corp                       | CUSIP: 52472M101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     65000 | NS      | $1472900.00   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Lindsay Corp                    | Lindsay Corp                              | CUSIP: 535555106<br>LEI: 549300ZFO0QG5H8TPI61 | Long             | EC               | CORP              | US        |     16000 | NS      | $2308000.00   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Mercury General Corp            | Mercury General Corp                      | CUSIP: 589400100<br>LEI: 5493001Q9EXPCEL4W527 | Long             | EC               | CORP              | US        |      9060 | NS      | $610100.40    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Papa John's International Inc   | Papa John's International Inc             | CUSIP: 698813102<br>LEI: HZYLD3DK5XOX0WBVNB56 | Long             | EC               | CORP              | US        |     21900 | NS      | $1071786.00   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| H2O America                     | H2O America                               | CUSIP: 784305104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     48200 | NS      | $2504954.00   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Essent Group Ltd                | Essent Group Ltd                          | CUSIP: N/A<br>LEI: 254900QUO860OUT6ZF83       | Long             | EC               | CORP              | US        |     44970 | NS      | $2731028.10   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Gates Industrial Corp PLC       | Gates Industrial Corp PLC                 | CUSIP: N/A<br>LEI: 549300S6K4FWUSB9KM27       | Long             | EC               | CORP              | US        |    119760 | NS      | $2758072.80   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Government & Agency Po  | Invesco Government & Agency Portfolio     | CUSIP: 825252885<br>LEI: 5493007T1J7WZ5QI1A47 | Long             | STIV             | RF                | US        |   9537888 | NS      | $9537887.90   | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Brown Brothers Harriman and Co. | Citigroup, Inc.                           | CUSIP: N/A<br>LEI: 5493006KMX1VFTPYPW14       | Long             | STIV             | CORP              | US        |  14343685 | PA      | $14343685.16  | 1.96%             | 2025-06-30      | Fixed         | 3.68%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-07

**Name of Applicant:** HOTCHKIS & WILEY FUNDS/DE/

**Signature:** /s/ James Menvielle

**Name of Signer:** James Menvielle

**Title:** Treasurer / Principal Financial Officer