# EDGAR Filing Document

**Accession Number:** 0000945908
**File Stem:** 0001752724-25-154399
**Filing Date:** 2025-6
**Character Count:** 213014
**Document Hash:** 592bfed425ddbd5bc2a2a3b5715bf2ae
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-154399.hdr.sgml**: 20250625

**ACCESSION NUMBER**: 0001752724-25-154399

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250625

**DATE AS OF CHANGE**: 20250625

**PERIOD START**: 20250731

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FIDELITY COVINGTON TRUST
- **CENTRAL INDEX KEY:** 0000945908

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07319
- **FILM NUMBER:** 251071287

**BUSINESS ADDRESS:**
- **STREET 1:** 245 SUMMER STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210
- **BUSINESS PHONE:** 617-563-7000

**MAIL ADDRESS:**
- **STREET 1:** 245 SUMMER STREET
- **CITY:** BOSTON
- **STATE:** MA
- **ZIP:** 02210

## Series and Classes Contracts Data

### Fidelity MSCI Industrials Index ETF (Series ID: S000042576)

| Class ID   | Class Name                          | Ticker Symbol   |
|:---|:---|:---|
| C000131668 | Fidelity MSCI Industrials Index ETF | FIDU            |

## Nport-Ex

### Quarterly Holdings Report

### for

### Fidelity® MSCI Industrials Index ETF

### April 30, 2025
T06-NPRT3-0625

1.9584812.111 ------

### Schedule of Investments April 30, 2025 (Unaudited)
Showing Percentage of Net Assets

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Common Stocks – 99.7%** | &nbsp;&nbsp;**Common Stocks – 99.7%** | &nbsp;&nbsp;**Common Stocks – 99.7%** | &nbsp;&nbsp;**Common Stocks – 99.7%** |
|  |  | &nbsp;&nbsp;**Shares** | &nbsp;&nbsp;**Value** |
| **AEROSPACE & DEFENSE – 21.5%** | **AEROSPACE & DEFENSE – 21.5%** | **AEROSPACE & DEFENSE – 21.5%** | **AEROSPACE & DEFENSE – 21.5%** |
| **Aerospace & Defense – 21.5%** | **Aerospace & Defense – 21.5%** | **Aerospace & Defense – 21.5%** | **Aerospace & Defense – 21.5%** |
| AAR Corp. (a) | AAR Corp. (a) | &nbsp;&nbsp;&nbsp;&nbsp;8647 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$462269 |
| AeroVironment, Inc. (a) | AeroVironment, Inc. (a) | &nbsp;&nbsp;&nbsp;&nbsp;6684 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1012760 |
| Archer Aviation, Inc. Class A (a) | Archer Aviation, Inc. Class A (a) | &nbsp;&nbsp;89890 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;748784 |
| Astronics Corp. (a) | Astronics Corp. (a) | &nbsp;&nbsp;&nbsp;&nbsp;6028 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;136775 |
| Axon Enterprise, Inc. (a) | Axon Enterprise, Inc. (a) | &nbsp;&nbsp;17281 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10598437 |
| Boeing Co. (a) | Boeing Co. (a) | 178478 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32704309 |
| BWX Technologies, Inc. | BWX Technologies, Inc. | &nbsp;&nbsp;21755 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2373906 |
| Cadre Holdings, Inc. | Cadre Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;6792 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;197987 |
| Curtiss-Wright Corp. | Curtiss-Wright Corp. | &nbsp;&nbsp;&nbsp;&nbsp;9067 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3127118 |
| Ducommun, Inc. (a) | Ducommun, Inc. (a) | &nbsp;&nbsp;&nbsp;&nbsp;3178 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;182163 |
| Eve Holding, Inc. (a) | Eve Holding, Inc. (a) | &nbsp;&nbsp;14223 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50634 |
| General Dynamics Corp. | General Dynamics Corp. | &nbsp;&nbsp;55755 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15172051 |
| General Electric Co. | General Electric Co. | 258182 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52034000 |
| HEICO Corp. | HEICO Corp. | &nbsp;&nbsp;10492 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2630974 |
| HEICO Corp. Class A | HEICO Corp. Class A | &nbsp;&nbsp;17995 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3615735 |
| Hexcel Corp. | Hexcel Corp. | &nbsp;&nbsp;19353 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;938040 |
| Howmet Aerospace, Inc. | Howmet Aerospace, Inc. | &nbsp;&nbsp;92068 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12758783 |
| Huntington Ingalls Industries, Inc. | Huntington Ingalls Industries, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;9305 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2143314 |
| Intuitive Machines, Inc. (a) | Intuitive Machines, Inc. (a) | &nbsp;&nbsp;19914 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;163295 |
| Kratos Defense & Security Solutions, Inc. (a) | Kratos Defense & Security Solutions, Inc. (a) | &nbsp;&nbsp;36047 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1217848 |
| L3Harris Technologies, Inc. | L3Harris Technologies, Inc. | &nbsp;&nbsp;45245 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9954805 |
| Leonardo DRS, Inc. | Leonardo DRS, Inc. | &nbsp;&nbsp;18950 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;700392 |
| Loar Holdings, Inc. (a) | Loar Holdings, Inc. (a) | &nbsp;&nbsp;&nbsp;&nbsp;4471 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;422867 |
| Lockheed Martin Corp. | Lockheed Martin Corp. | &nbsp;&nbsp;50890 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24312697 |
| Mercury Systems, Inc. (a) | Mercury Systems, Inc. (a) | &nbsp;&nbsp;12131 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;606550 |
| Moog, Inc. Class A | Moog, Inc. Class A | &nbsp;&nbsp;&nbsp;&nbsp;6982 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1167739 |
| National Presto Industries, Inc. | National Presto Industries, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;1357 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;114463 |
| Northrop Grumman Corp. | Northrop Grumman Corp. | &nbsp;&nbsp;33018 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16063257 |
| Redwire Corp. (a) | Redwire Corp. (a) | &nbsp;&nbsp;&nbsp;&nbsp;6359 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;68550 |
| Rocket Lab USA, Inc. (a) | Rocket Lab USA, Inc. (a) | &nbsp;&nbsp;80450 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1753005 |
| RTX Corp. | RTX Corp. | 317514 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40048041 |
| Spirit AeroSystems Holdings, Inc. Class A (a) | Spirit AeroSystems Holdings, Inc. Class A (a) | &nbsp;&nbsp;27914 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1004904 |
| Standardaero, Inc. (a) | Standardaero, Inc. (a) | &nbsp;&nbsp;27415 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;740753 |
| Textron, Inc. | Textron, Inc. | &nbsp;&nbsp;44323 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3119009 |
| TransDigm Group, Inc. | TransDigm Group, Inc. | &nbsp;&nbsp;13414 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18954921 |
| Triumph Group, Inc. (a) | Triumph Group, Inc. (a) | &nbsp;&nbsp;17552 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;445821 |
| V2X, Inc. (a) | V2X, Inc. (a) | &nbsp;&nbsp;&nbsp;&nbsp;4147 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;206355 |
| Woodward, Inc. | Woodward, Inc. | &nbsp;&nbsp;14178 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2659367 |
| TOTAL AEROSPACE & DEFENSE | &nbsp;&nbsp;&nbsp;&nbsp;264612678 |  |  |
| **AIR FREIGHT & LOGISTICS – 2.9%** | **AIR FREIGHT & LOGISTICS – 2.9%** | **AIR FREIGHT & LOGISTICS – 2.9%** | **AIR FREIGHT & LOGISTICS – 2.9%** |
| **Air Freight & Logistics – 2.9%** | **Air Freight & Logistics – 2.9%** | **Air Freight & Logistics – 2.9%** | **Air Freight & Logistics – 2.9%** |
| CH Robinson Worldwide, Inc. | CH Robinson Worldwide, Inc. | &nbsp;&nbsp;28242 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2519751 |
| Expeditors International of Washington, Inc. | Expeditors International of Washington, Inc. | &nbsp;&nbsp;33444 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3675830 |
| FedEx Corp. | FedEx Corp. | &nbsp;&nbsp;54582 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11480232 |
| Forward Air Corp. (a) | Forward Air Corp. (a) | &nbsp;&nbsp;&nbsp;&nbsp;5087 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74881 |
| GXO Logistics, Inc. (a) | GXO Logistics, Inc. (a) | &nbsp;&nbsp;28584 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1035884 |
| Hub Group, Inc. Class A | Hub Group, Inc. Class A | &nbsp;&nbsp;14353 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;453411 |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;****  | &nbsp;&nbsp;****  | &nbsp;&nbsp;****  | &nbsp;&nbsp;****  |
|  |  | &nbsp;&nbsp;**Shares** | &nbsp;&nbsp;**Value** |
| United Parcel Service, Inc. Class B | United Parcel Service, Inc. Class B | 174468 | &nbsp;&nbsp;&nbsp;&nbsp;$16626801 |
| TOTAL AIR FREIGHT & LOGISTICS | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35866790 |  |  |
| **BUILDING PRODUCTS – 7.1%** | **BUILDING PRODUCTS – 7.1%** | **BUILDING PRODUCTS – 7.1%** | **BUILDING PRODUCTS – 7.1%** |
| **Building Products – 7.1%** | **Building Products – 7.1%** | **Building Products – 7.1%** | **Building Products – 7.1%** |
| A.O. Smith Corp. | A.O. Smith Corp. | &nbsp;&nbsp;28611 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1941542 |
| AAON, Inc. | AAON, Inc. | &nbsp;&nbsp;16436 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1500114 |
| Advanced Drainage Systems, Inc. | Advanced Drainage Systems, Inc. | &nbsp;&nbsp;17567 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1993679 |
| Allegion PLC | Allegion PLC | &nbsp;&nbsp;20729 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2885477 |
| American Woodmark Corp. (a) | American Woodmark Corp. (a) | &nbsp;&nbsp;&nbsp;&nbsp;3669 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;216471 |
| Apogee Enterprises, Inc. | Apogee Enterprises, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;5280 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;209458 |
| Armstrong World Industries, Inc. | Armstrong World Industries, Inc. | &nbsp;&nbsp;10419 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1510963 |
| AZEK Co., Inc. (a) | AZEK Co., Inc. (a) | &nbsp;&nbsp;34299 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1699858 |
| AZZ, Inc. | AZZ, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;6741 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;584849 |
| Builders FirstSource, Inc. (a) | Builders FirstSource, Inc. (a) | &nbsp;&nbsp;27496 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3289347 |
| Carlisle Cos., Inc. | Carlisle Cos., Inc. | &nbsp;&nbsp;10794 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4096107 |
| Carrier Global Corp. | Carrier Global Corp. | 192630 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12047080 |
| CSW Industrials, Inc. | CSW Industrials, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;3988 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1246170 |
| Fortune Brands Innovations, Inc. | Fortune Brands Innovations, Inc. | &nbsp;&nbsp;29672 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1596947 |
| Gibraltar Industries, Inc. (a) | Gibraltar Industries, Inc. (a) | &nbsp;&nbsp;&nbsp;&nbsp;7265 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;384682 |
| Griffon Corp. | Griffon Corp. | &nbsp;&nbsp;&nbsp;&nbsp;9140 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;622525 |
| Hayward Holdings, Inc. (a) | Hayward Holdings, Inc. (a) | &nbsp;&nbsp;46323 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;617486 |
| Insteel Industries, Inc. | Insteel Industries, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;4303 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;145915 |
| Janus International Group, Inc. (a) | Janus International Group, Inc. (a) | &nbsp;&nbsp;33706 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;231897 |
| JELD-WEN Holding, Inc. (a) | JELD-WEN Holding, Inc. (a) | &nbsp;&nbsp;20689 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;114203 |
| Johnson Controls International PLC | Johnson Controls International PLC | 157965 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13253264 |
| Lennox International, Inc. | Lennox International, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;7639 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4176623 |
| Masco Corp. | Masco Corp. | &nbsp;&nbsp;51547 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3124264 |
| Masterbrand, Inc. (a) | Masterbrand, Inc. (a) | &nbsp;&nbsp;30410 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;369482 |
| Owens Corning | Owens Corning | &nbsp;&nbsp;20496 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2980323 |
| Quanex Building Products Corp. | Quanex Building Products Corp. | &nbsp;&nbsp;10218 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;167984 |
| Resideo Technologies, Inc. (a) | Resideo Technologies, Inc. (a) | &nbsp;&nbsp;34954 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;586528 |
| Simpson Manufacturing Co., Inc. | Simpson Manufacturing Co., Inc. | &nbsp;&nbsp;10024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1540589 |
| Trane Technologies PLC | Trane Technologies PLC | &nbsp;&nbsp;53680 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20576081 |
| Trex Co., Inc. (a) | Trex Co., Inc. (a) | &nbsp;&nbsp;25599 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1480134 |
| UFP Industries, Inc. | UFP Industries, Inc. | &nbsp;&nbsp;14508 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1434116 |
| Zurn Elkay Water Solutions Corp. | Zurn Elkay Water Solutions Corp. | &nbsp;&nbsp;34467 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1170499 |
| TOTAL BUILDING PRODUCTS | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;87794657 |  |  |
| **COMMERCIAL SERVICES & SUPPLIES – 8.6%** | **COMMERCIAL SERVICES & SUPPLIES – 8.6%** | **COMMERCIAL SERVICES & SUPPLIES – 8.6%** | **COMMERCIAL SERVICES & SUPPLIES – 8.6%** |
| **Commercial Printing – 0.1%** | **Commercial Printing – 0.1%** | **Commercial Printing – 0.1%** | **Commercial Printing – 0.1%** |
| Brady Corp. Class A | Brady Corp. Class A | &nbsp;&nbsp;10532 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;740294 |
| Cimpress PLC (a) | Cimpress PLC (a) | &nbsp;&nbsp;&nbsp;&nbsp;3979 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;167198 |
| Deluxe Corp. | Deluxe Corp. | &nbsp;&nbsp;10808 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;157797 |
| Ennis, Inc. | Ennis, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;6459 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;115939 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1181228 |
| **Diversified Support Services – 2.8%** | **Diversified Support Services – 2.8%** | **Diversified Support Services – 2.8%** | **Diversified Support Services – 2.8%** |
| ACV Auctions, Inc. Class A (a) | ACV Auctions, Inc. Class A (a) | &nbsp;&nbsp;36529 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;536611 |
| Cintas Corp. | Cintas Corp. | &nbsp;&nbsp;86639 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18339743 |
| Copart, Inc. (a) | Copart, Inc. (a) | 206865 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12624971 |
| Driven Brands Holdings, Inc. (a) | Driven Brands Holdings, Inc. (a) | &nbsp;&nbsp;15532 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;256589 |
| Healthcare Services Group, Inc. (a) | Healthcare Services Group, Inc. (a) | &nbsp;&nbsp;17576 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;249755 |
| Liquidity Services, Inc. (a) | Liquidity Services, Inc. (a) | &nbsp;&nbsp;&nbsp;&nbsp;5633 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;179017 |

---

 ***Quarterly Report*** <sub>2</sub>

------

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Common Stocks – continued** | &nbsp;&nbsp;**Common Stocks – continued** | &nbsp;&nbsp;**Common Stocks – continued** | &nbsp;&nbsp;**Common Stocks – continued** |
|  |  | &nbsp;&nbsp;**Shares** | &nbsp;&nbsp;**Value** |
| **COMMERCIAL SERVICES & SUPPLIES – continued** | **COMMERCIAL SERVICES & SUPPLIES – continued** | **COMMERCIAL SERVICES & SUPPLIES – continued** | **COMMERCIAL SERVICES & SUPPLIES – continued** |
| **Diversified Support Services – continued** | **Diversified Support Services – continued** | **Diversified Support Services – continued** | **Diversified Support Services – continued** |
| OPENLANE, Inc. (a) | OPENLANE, Inc. (a) | 25528 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$472523 |
| Pursuit Attractions & Hospitality, Inc. (a) | Pursuit Attractions & Hospitality, Inc. (a) | &nbsp;&nbsp;4961 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;145308 |
| UniFirst Corp. | UniFirst Corp. | &nbsp;&nbsp;3571 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;637316 |
| Vestis Corp. | Vestis Corp. | 28488 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;249555 |
| VSE Corp. | VSE Corp. | &nbsp;&nbsp;4633 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;530571 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34221959 |
| **Environmental & Facilities Services – 5.3%** | **Environmental & Facilities Services – 5.3%** | **Environmental & Facilities Services – 5.3%** | **Environmental & Facilities Services – 5.3%** |
| ABM Industries, Inc. | ABM Industries, Inc. | 14983 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;730271 |
| BrightView Holdings, Inc. (a) | BrightView Holdings, Inc. (a) | 14753 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;202411 |
| Casella Waste Systems, Inc. Class A (a) | Casella Waste Systems, Inc. Class A (a) | 14964 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1757522 |
| CECO Environmental Corp. (a) | CECO Environmental Corp. (a) | &nbsp;&nbsp;7081 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;168457 |
| Clean Harbors, Inc. (a) | Clean Harbors, Inc. (a) | 12255 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2621835 |
| Enviri Corp. (a) | Enviri Corp. (a) | 19173 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;131719 |
| Montrose Environmental Group, Inc. (a) | Montrose Environmental Group, Inc. (a) | &nbsp;&nbsp;7786 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;113909 |
| Republic Services, Inc. | Republic Services, Inc. | 52292 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13112219 |
| Rollins, Inc. | Rollins, Inc. | 69469 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3968764 |
| Tetra Tech, Inc. | Tetra Tech, Inc. | 63944 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1994413 |
| Veralto Corp. | Veralto Corp. | 59075 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5665292 |
| Waste Connections, Inc. | Waste Connections, Inc. | 61684 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12190609 |
| Waste Management, Inc. | Waste Management, Inc. | 95746 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22343287 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;65000708 |
| **Office Services & Supplies – 0.2%** | **Office Services & Supplies – 0.2%** | **Office Services & Supplies – 0.2%** | **Office Services & Supplies – 0.2%** |
| ACCO Brands Corp. | ACCO Brands Corp. | 21913 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;84584 |
| HNI Corp. | HNI Corp. | 11359 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;480486 |
| Interface, Inc. | Interface, Inc. | 14274 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;268351 |
| MillerKnoll, Inc. | MillerKnoll, Inc. | 16533 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;271141 |
| MSA Safety, Inc. | MSA Safety, Inc. | &nbsp;&nbsp;8957 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1410011 |
| Pitney Bowes, Inc. | Pitney Bowes, Inc. | 18240 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;158323 |
| Steelcase, Inc. Class A | Steelcase, Inc. Class A | 20852 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;206852 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2879748 |
| **Security & Alarm Services – 0.2%** | **Security & Alarm Services – 0.2%** | **Security & Alarm Services – 0.2%** | **Security & Alarm Services – 0.2%** |
| Brink's Co. | Brink's Co. | 10402 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;928275 |
| CoreCivic, Inc. (a) | CoreCivic, Inc. (a) | 26472 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;599326 |
| GEO Group, Inc. (a) | GEO Group, Inc. (a) | 33526 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1048693 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2576294 |
| TOTAL COMMERCIAL SERVICES & SUPPLIES | &nbsp;&nbsp;&nbsp;&nbsp;105859937 |  |  |
| **CONSTRUCTION & ENGINEERING – 3.0%** | **CONSTRUCTION & ENGINEERING – 3.0%** | **CONSTRUCTION & ENGINEERING – 3.0%** | **CONSTRUCTION & ENGINEERING – 3.0%** |
| **Construction & Engineering – 3.0%** | **Construction & Engineering – 3.0%** | **Construction & Engineering – 3.0%** | **Construction & Engineering – 3.0%** |
| AECOM | AECOM | 31690 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3126219 |
| Ameresco, Inc. Class A (a) | Ameresco, Inc. Class A (a) | &nbsp;&nbsp;7833 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;83265 |
| API Group Corp. (a) | API Group Corp. (a) | 49460 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1871072 |
| Arcosa, Inc. | Arcosa, Inc. | 11716 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;938100 |
| Argan, Inc. | Argan, Inc. | &nbsp;&nbsp;3240 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;496141 |
| Centuri Holdings, Inc. (a) | Centuri Holdings, Inc. (a) | &nbsp;&nbsp;3172 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56969 |
| Comfort Systems USA, Inc. | Comfort Systems USA, Inc. | &nbsp;&nbsp;8491 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3375597 |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;****  | &nbsp;&nbsp;****  | &nbsp;&nbsp;****  | &nbsp;&nbsp;****  |
|  |  | &nbsp;&nbsp;**Shares** | &nbsp;&nbsp;**Value** |
| Construction Partners, Inc. Class A (a) | Construction Partners, Inc. Class A (a) | &nbsp;&nbsp;11221 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$921693 |
| Dycom Industries, Inc. (a) | Dycom Industries, Inc. (a) | &nbsp;&nbsp;&nbsp;&nbsp;6930 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1161122 |
| EMCOR Group, Inc. | EMCOR Group, Inc. | &nbsp;&nbsp;10959 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4391271 |
| Everus Construction Group, Inc. (a) | Everus Construction Group, Inc. (a) | &nbsp;&nbsp;11604 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;466945 |
| Fluor Corp. (a) | Fluor Corp. (a) | &nbsp;&nbsp;40918 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1427629 |
| Granite Construction, Inc. | Granite Construction, Inc. | &nbsp;&nbsp;10442 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;848830 |
| Great Lakes Dredge & Dock Corp. (a) | Great Lakes Dredge & Dock Corp. (a) | &nbsp;&nbsp;16395 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;149031 |
| IES Holdings, Inc. (a) | IES Holdings, Inc. (a) | &nbsp;&nbsp;&nbsp;&nbsp;2129 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;418732 |
| Limbach Holdings, Inc. (a) | Limbach Holdings, Inc. (a) | &nbsp;&nbsp;&nbsp;&nbsp;2420 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;231691 |
| MasTec, Inc. (a) | MasTec, Inc. (a) | &nbsp;&nbsp;15139 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1927497 |
| MYR Group, Inc. (a) | MYR Group, Inc. (a) | &nbsp;&nbsp;&nbsp;&nbsp;3817 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;466895 |
| Primoris Services Corp. | Primoris Services Corp. | &nbsp;&nbsp;12891 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;773073 |
| Quanta Services, Inc. | Quanta Services, Inc. | &nbsp;&nbsp;35213 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10306493 |
| Sterling Infrastructure, Inc. (a) | Sterling Infrastructure, Inc. (a) | &nbsp;&nbsp;&nbsp;&nbsp;7348 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1098012 |
| Tutor Perini Corp. (a) | Tutor Perini Corp. (a) | &nbsp;&nbsp;10631 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;228141 |
| Valmont Industries, Inc. | Valmont Industries, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;4768 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1398073 |
| WillScot Holdings Corp. | WillScot Holdings Corp. | &nbsp;&nbsp;44144 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1108897 |
| TOTAL CONSTRUCTION & ENGINEERING | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37271388 |  |  |
| **ELECTRICAL EQUIPMENT – 8.9%** | **ELECTRICAL EQUIPMENT – 8.9%** | **ELECTRICAL EQUIPMENT – 8.9%** | **ELECTRICAL EQUIPMENT – 8.9%** |
| **Electrical Components & Equipment – 6.8%** | **Electrical Components & Equipment – 6.8%** | **Electrical Components & Equipment – 6.8%** | **Electrical Components & Equipment – 6.8%** |
| Acuity, Inc. | Acuity, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;7375 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1796624 |
| American Superconductor Corp. (a) | American Superconductor Corp. (a) | &nbsp;&nbsp;&nbsp;&nbsp;9294 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;184486 |
| AMETEK, Inc. | AMETEK, Inc. | &nbsp;&nbsp;55179 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9357255 |
| Array Technologies, Inc. (a) | Array Technologies, Inc. (a) | &nbsp;&nbsp;36165 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;172869 |
| Atkore, Inc. | Atkore, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;8296 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;529865 |
| ChargePoint Holdings, Inc. (a) | ChargePoint Holdings, Inc. (a) | &nbsp;&nbsp;97174 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60520 |
| Eaton Corp. PLC | Eaton Corp. PLC | &nbsp;&nbsp;94275 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27751732 |
| Emerson Electric Co. | Emerson Electric Co. | 135862 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14280455 |
| EnerSys | EnerSys | &nbsp;&nbsp;&nbsp;&nbsp;9497 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;822440 |
| Enovix Corp. (a) | Enovix Corp. (a) | &nbsp;&nbsp;38181 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;255813 |
| Eos Energy Enterprises, Inc. (a) | Eos Energy Enterprises, Inc. (a) | &nbsp;&nbsp;52015 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;271518 |
| Fluence Energy, Inc. (a) | Fluence Energy, Inc. (a) | &nbsp;&nbsp;15482 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63321 |
| Generac Holdings, Inc. (a) | Generac Holdings, Inc. (a) | &nbsp;&nbsp;14215 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1625912 |
| Hubbell, Inc. | Hubbell, Inc. | &nbsp;&nbsp;12798 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4647977 |
| LSI Industries, Inc. | LSI Industries, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;6648 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;100318 |
| NEXTracker, Inc. Class A (a) | NEXTracker, Inc. Class A (a) | &nbsp;&nbsp;34429 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1398162 |
| nVent Electric PLC | nVent Electric PLC | &nbsp;&nbsp;39378 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2162246 |
| Plug Power, Inc. (a) | Plug Power, Inc. (a) | 179476 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;156611 |
| Powell Industries, Inc. | Powell Industries, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;2281 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;417674 |
| Preformed Line Products Co. | Preformed Line Products Co. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;591 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;81186 |
| Regal Rexnord Corp. | Regal Rexnord Corp. | &nbsp;&nbsp;15787 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1670896 |
| Rockwell Automation, Inc. | Rockwell Automation, Inc. | &nbsp;&nbsp;26927 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6669279 |
| Sensata Technologies Holding PLC | Sensata Technologies Holding PLC | &nbsp;&nbsp;35703 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;764044 |
| Shoals Technologies Group, Inc. Class A (a) | Shoals Technologies Group, Inc. Class A (a) | &nbsp;&nbsp;40509 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;146237 |
| Sunrun, Inc. (a) | Sunrun, Inc. (a) | &nbsp;&nbsp;53090 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;365790 |
| Thermon Group Holdings, Inc. (a) | Thermon Group Holdings, Inc. (a) | &nbsp;&nbsp;&nbsp;&nbsp;8274 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;217027 |
| Vertiv Holdings Co. Class A | Vertiv Holdings Co. Class A | &nbsp;&nbsp;85060 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7262423 |

---

---

| | |
|:---|:---|
| **3** | ***Quarterly Report*** |

---

------

Schedule of Investments (Unaudited)–continued

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Common Stocks – continued** | &nbsp;&nbsp;**Common Stocks – continued** | &nbsp;&nbsp;**Common Stocks – continued** | &nbsp;&nbsp;**Common Stocks – continued** |
|  |  | &nbsp;&nbsp;**Shares** | &nbsp;&nbsp;**Value** |
| **ELECTRICAL EQUIPMENT – continued** | **ELECTRICAL EQUIPMENT – continued** | **ELECTRICAL EQUIPMENT – continued** | **ELECTRICAL EQUIPMENT – continued** |
| **Electrical Components & Equipment – continued** | **Electrical Components & Equipment – continued** | **Electrical Components & Equipment – continued** | **Electrical Components & Equipment – continued** |
| Vicor Corp. (a) | Vicor Corp. (a) | &nbsp;&nbsp;&nbsp;&nbsp;5456 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$217722 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;83450402 |
| **Heavy Electrical Equipment – 2.1%** | **Heavy Electrical Equipment – 2.1%** | **Heavy Electrical Equipment – 2.1%** | **Heavy Electrical Equipment – 2.1%** |
| Bloom Energy Corp. Class A (a) | Bloom Energy Corp. Class A (a) | &nbsp;&nbsp;48912 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;896068 |
| GE Vernova, Inc. | GE Vernova, Inc. | &nbsp;&nbsp;65757 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24384011 |
| NANO Nuclear Energy, Inc. (a) | NANO Nuclear Energy, Inc. (a) | &nbsp;&nbsp;&nbsp;&nbsp;5683 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;129288 |
| NuScale Power Corp. (a) | NuScale Power Corp. (a) | &nbsp;&nbsp;24687 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;409064 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25818431 |
| TOTAL ELECTRICAL EQUIPMENT | &nbsp;&nbsp;&nbsp;&nbsp;109268833 |  |  |
| **GROUND TRANSPORTATION – 9.4%** | **GROUND TRANSPORTATION – 9.4%** | **GROUND TRANSPORTATION – 9.4%** | **GROUND TRANSPORTATION – 9.4%** |
| **Cargo Ground Transportation – 1.7%** | **Cargo Ground Transportation – 1.7%** | **Cargo Ground Transportation – 1.7%** | **Cargo Ground Transportation – 1.7%** |
| ArcBest Corp. | ArcBest Corp. | &nbsp;&nbsp;&nbsp;&nbsp;5654 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;330872 |
| Covenant Logistics Group, Inc. | Covenant Logistics Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;3778 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75182 |
| Heartland Express, Inc. | Heartland Express, Inc. | &nbsp;&nbsp;12064 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;91686 |
| JB Hunt Transport Services, Inc. | JB Hunt Transport Services, Inc. | &nbsp;&nbsp;19272 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2516538 |
| Knight-Swift Transportation Holdings, Inc. | Knight-Swift Transportation Holdings, Inc. | &nbsp;&nbsp;38621 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1512785 |
| Landstar System, Inc. | Landstar System, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;8476 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1137055 |
| Marten Transport Ltd. | Marten Transport Ltd. | &nbsp;&nbsp;14230 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;182713 |
| Old Dominion Freight Line, Inc. | Old Dominion Freight Line, Inc. | &nbsp;&nbsp;45832 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7025129 |
| RXO, Inc. (a) | RXO, Inc. (a) | &nbsp;&nbsp;24419 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;344064 |
| Ryder System, Inc. | Ryder System, Inc. | &nbsp;&nbsp;10104 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1391018 |
| Saia, Inc. (a) | Saia, Inc. (a) | &nbsp;&nbsp;&nbsp;&nbsp;6332 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1545008 |
| Schneider National, Inc. Class B | Schneider National, Inc. Class B | &nbsp;&nbsp;13340 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;286677 |
| U-Haul Holding Co. | U-Haul Holding Co. | &nbsp;&nbsp;23229 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1272949 |
| Universal Logistics Holdings, Inc. | Universal Logistics Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;1913 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41589 |
| Werner Enterprises, Inc. | Werner Enterprises, Inc. | &nbsp;&nbsp;14828 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;365658 |
| XPO, Inc. (a) | XPO, Inc. (a) | &nbsp;&nbsp;27717 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2941328 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21060251 |
| **Passenger Ground Transportation – 3.1%** | **Passenger Ground Transportation – 3.1%** | **Passenger Ground Transportation – 3.1%** | **Passenger Ground Transportation – 3.1%** |
| Avis Budget Group, Inc. (a) | Avis Budget Group, Inc. (a) | &nbsp;&nbsp;&nbsp;&nbsp;4313 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;399513 |
| Hertz Global Holdings, Inc. (a) | Hertz Global Holdings, Inc. (a) | &nbsp;&nbsp;29347 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;200147 |
| Lyft, Inc. Class A (a) | Lyft, Inc. Class A (a) | &nbsp;&nbsp;97071 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1203680 |
| Uber Technologies, Inc. (a) | Uber Technologies, Inc. (a) | 452086 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36623487 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38426827 |
| **Rail Transportation – 4.6%** | **Rail Transportation – 4.6%** | **Rail Transportation – 4.6%** | **Rail Transportation – 4.6%** |
| CSX Corp. | CSX Corp. | 460025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12912902 |
| FTAI Infrastructure, Inc. | FTAI Infrastructure, Inc. | &nbsp;&nbsp;24380 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;105322 |
| Norfolk Southern Corp. | Norfolk Southern Corp. | &nbsp;&nbsp;53970 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12091978 |
| Union Pacific Corp. | Union Pacific Corp. | 144623 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31189396 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56299598 |
| TOTAL GROUND TRANSPORTATION | &nbsp;&nbsp;&nbsp;&nbsp;115786676 |  |  |
| **HOUSEHOLD DURABLES – 0.0%** | **HOUSEHOLD DURABLES – 0.0%** | **HOUSEHOLD DURABLES – 0.0%** | **HOUSEHOLD DURABLES – 0.0%** |
| **Household Appliances – 0.0%** | **Household Appliances – 0.0%** | **Household Appliances – 0.0%** | **Household Appliances – 0.0%** |
| Worthington Enterprises, Inc. | Worthington Enterprises, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;7788 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;394306 |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;****  | &nbsp;&nbsp;****  | &nbsp;&nbsp;****  | &nbsp;&nbsp;****  |
|  |  | &nbsp;&nbsp;**Shares** | &nbsp;&nbsp;**Value** |
| **INDUSTRIAL CONGLOMERATES – 4.1%** | **INDUSTRIAL CONGLOMERATES – 4.1%** | **INDUSTRIAL CONGLOMERATES – 4.1%** | **INDUSTRIAL CONGLOMERATES – 4.1%** |
| **Industrial Conglomerates – 4.1%** | **Industrial Conglomerates – 4.1%** | **Industrial Conglomerates – 4.1%** | **Industrial Conglomerates – 4.1%** |
| 3M Co. | 3M Co. | 129905 | &nbsp;&nbsp;&nbsp;&nbsp;$18045104 |
| Honeywell International, Inc. | Honeywell International, Inc. | 155117 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;32652128 |
| TOTAL INDUSTRIAL CONGLOMERATES | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50697232 |  |  |
| **MACHINERY – 18.6%** | **MACHINERY – 18.6%** | **MACHINERY – 18.6%** | **MACHINERY – 18.6%** |
| **Agricultural & Farm Machinery – 2.8%** | **Agricultural & Farm Machinery – 2.8%** | **Agricultural & Farm Machinery – 2.8%** | **Agricultural & Farm Machinery – 2.8%** |
| AGCO Corp. | AGCO Corp. | &nbsp;&nbsp;15144 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1284665 |
| Alamo Group, Inc. | Alamo Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;2464 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;411439 |
| CNH Industrial NV | CNH Industrial NV | 207922 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2405657 |
| Deere & Co. | Deere & Co. | &nbsp;&nbsp;61721 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28611387 |
| Lindsay Corp. | Lindsay Corp. | &nbsp;&nbsp;&nbsp;&nbsp;2583 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;333362 |
| Titan International, Inc. (a) | Titan International, Inc. (a) | &nbsp;&nbsp;12460 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;91581 |
| Toro Co. | Toro Co. | &nbsp;&nbsp;24175 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1650669 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34788760 |
| **Construction Machinery & Heavy Transportation Equipment – 5.8%** | **Construction Machinery & Heavy Transportation Equipment – 5.8%** | **Construction Machinery & Heavy Transportation Equipment – 5.8%** | **Construction Machinery & Heavy Transportation Equipment – 5.8%** |
| Allison Transmission Holdings, Inc. | Allison Transmission Holdings, Inc. | &nbsp;&nbsp;20696 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1908999 |
| Astec Industries, Inc. | Astec Industries, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;4903 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;177636 |
| Atmus Filtration Technologies, Inc. | Atmus Filtration Technologies, Inc. | &nbsp;&nbsp;19713 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;683450 |
| Blue Bird Corp. (a) | Blue Bird Corp. (a) | &nbsp;&nbsp;&nbsp;&nbsp;7318 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;255179 |
| Caterpillar, Inc. | Caterpillar, Inc. | 115173 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35619554 |
| Cummins, Inc. | Cummins, Inc. | &nbsp;&nbsp;32725 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9615914 |
| Douglas Dynamics, Inc. | Douglas Dynamics, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;5387 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;129180 |
| Federal Signal Corp. | Federal Signal Corp. | &nbsp;&nbsp;14546 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1184481 |
| Greenbrier Cos., Inc. | Greenbrier Cos., Inc. | &nbsp;&nbsp;&nbsp;&nbsp;7515 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;318786 |
| Miller Industries, Inc. | Miller Industries, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;2758 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;112554 |
| Oshkosh Corp. | Oshkosh Corp. | &nbsp;&nbsp;15534 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1301128 |
| PACCAR, Inc. | PACCAR, Inc. | 125072 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11282745 |
| REV Group, Inc. | REV Group, Inc. | &nbsp;&nbsp;11818 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;386448 |
| Terex Corp. | Terex Corp. | &nbsp;&nbsp;16062 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;565382 |
| Trinity Industries, Inc. | Trinity Industries, Inc. | &nbsp;&nbsp;19683 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;494043 |
| Wabash National Corp. | Wabash National Corp. | &nbsp;&nbsp;10867 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75091 |
| Westinghouse Air Brake Technologies Corp. | Westinghouse Air Brake Technologies Corp. | &nbsp;&nbsp;41000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7574340 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;71684910 |
| **Industrial Machinery & Supplies & Components – 10.0%** | **Industrial Machinery & Supplies & Components – 10.0%** | **Industrial Machinery & Supplies & Components – 10.0%** | **Industrial Machinery & Supplies & Components – 10.0%** |
| Albany International Corp. Class A | Albany International Corp. Class A | &nbsp;&nbsp;&nbsp;&nbsp;7513 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;494055 |
| Chart Industries, Inc. (a) | Chart Industries, Inc. (a) | &nbsp;&nbsp;10227 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1380440 |
| Columbus McKinnon Corp. | Columbus McKinnon Corp. | &nbsp;&nbsp;&nbsp;&nbsp;7061 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;104856 |
| Crane Co. | Crane Co. | &nbsp;&nbsp;11581 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1864309 |
| Donaldson Co., Inc. | Donaldson Co., Inc. | &nbsp;&nbsp;28533 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1875474 |
| Dover Corp. | Dover Corp. | &nbsp;&nbsp;32709 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5581791 |
| Energy Recovery, Inc. (a) | Energy Recovery, Inc. (a) | &nbsp;&nbsp;13572 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;209687 |
| Enerpac Tool Group Corp. | Enerpac Tool Group Corp. | &nbsp;&nbsp;12849 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;518714 |
| Enpro, Inc. | Enpro, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;5016 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;749390 |
| Esab Corp. | Esab Corp. | &nbsp;&nbsp;13704 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1646125 |
| ESCO Technologies, Inc. | ESCO Technologies, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;6117 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;957005 |
| Flowserve Corp. | Flowserve Corp. | &nbsp;&nbsp;31252 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1413528 |
| Fortive Corp. | Fortive Corp. | &nbsp;&nbsp;82728 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5765314 |
| Franklin Electric Co., Inc. | Franklin Electric Co., Inc. | &nbsp;&nbsp;&nbsp;&nbsp;9318 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;791657 |

---

 ***Quarterly Report*** <sub>4</sub>

------

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Common Stocks – continued** | &nbsp;&nbsp;**Common Stocks – continued** | &nbsp;&nbsp;**Common Stocks – continued** | &nbsp;&nbsp;**Common Stocks – continued** |
|  |  | &nbsp;&nbsp;**Shares** | &nbsp;&nbsp;**Value** |
| **MACHINERY – continued** | **MACHINERY – continued** | **MACHINERY – continued** | **MACHINERY – continued** |
| **Industrial Machinery & Supplies & Components – continued** | **Industrial Machinery & Supplies & Components – continued** | **Industrial Machinery & Supplies & Components – continued** | **Industrial Machinery & Supplies & Components – continued** |
| Gates Industrial Corp. PLC (a) | Gates Industrial Corp. PLC (a) | 60858 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1151433 |
| Gorman-Rupp Co. | Gorman-Rupp Co. | &nbsp;&nbsp;4964 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;178009 |
| Graco, Inc. | Graco, Inc. | 40238 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3283823 |
| Helios Technologies, Inc. | Helios Technologies, Inc. | &nbsp;&nbsp;8095 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;220670 |
| Hillenbrand, Inc. | Hillenbrand, Inc. | 16828 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;340430 |
| Hillman Solutions Corp. (a) | Hillman Solutions Corp. (a) | 47016 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;328642 |
| Hyster-Yale, Inc. | Hyster-Yale, Inc. | &nbsp;&nbsp;2055 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;78974 |
| IDEX Corp. | IDEX Corp. | 18036 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3137723 |
| Illinois Tool Works, Inc. | Illinois Tool Works, Inc. | 70444 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16900220 |
| Ingersoll Rand, Inc. | Ingersoll Rand, Inc. | 96137 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7251614 |
| ITT, Inc. | ITT, Inc. | 19449 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2664902 |
| JBT Marel Corp. | JBT Marel Corp. | 11037 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1161755 |
| Kadant, Inc. | Kadant, Inc. | &nbsp;&nbsp;2821 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;832195 |
| Kennametal, Inc. | Kennametal, Inc. | 17460 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;340121 |
| Lincoln Electric Holdings, Inc. | Lincoln Electric Holdings, Inc. | 13481 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2375352 |
| Middleby Corp. (a) | Middleby Corp. (a) | 12850 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1713548 |
| Mueller Industries, Inc. | Mueller Industries, Inc. | 25678 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1888874 |
| Mueller Water Products, Inc. Class A | Mueller Water Products, Inc. Class A | 37556 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;985469 |
| Nordson Corp. | Nordson Corp. | 12922 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2449624 |
| Otis Worldwide Corp. | Otis Worldwide Corp. | 95291 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9173665 |
| Parker-Hannifin Corp. | Parker-Hannifin Corp. | 30706 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18578972 |
| Pentair PLC | Pentair PLC | 39436 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3578028 |
| Proto Labs, Inc. (a) | Proto Labs, Inc. (a) | &nbsp;&nbsp;5850 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;205686 |
| RBC Bearings, Inc. (a) | RBC Bearings, Inc. (a) | &nbsp;&nbsp;7129 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2342376 |
| Snap-on, Inc. | Snap-on, Inc. | 12503 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3923566 |
| SPX Technologies, Inc. (a) | SPX Technologies, Inc. (a) | 11039 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1480882 |
| Standex International Corp. | Standex International Corp. | &nbsp;&nbsp;2835 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;400926 |
| Stanley Black & Decker, Inc. | Stanley Black & Decker, Inc. | 36809 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2209276 |
| Symbotic, Inc. (a) | Symbotic, Inc. (a) | 10237 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;220914 |
| Tennant Co. | Tennant Co. | &nbsp;&nbsp;4285 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;309206 |
| Timken Co. | Timken Co. | 15858 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1018877 |
| Watts Water Technologies, Inc. Class A | Watts Water Technologies, Inc. Class A | &nbsp;&nbsp;6513 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1353076 |
| Xylem, Inc. | Xylem, Inc. | 57955 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6987634 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;122418807 |
| TOTAL MACHINERY | &nbsp;&nbsp;&nbsp;&nbsp;228892477 |  |  |
| **MARINE TRANSPORTATION – 0.1%** | **MARINE TRANSPORTATION – 0.1%** | **MARINE TRANSPORTATION – 0.1%** | **MARINE TRANSPORTATION – 0.1%** |
| **Marine Transportation – 0.1%** | **Marine Transportation – 0.1%** | **Marine Transportation – 0.1%** | **Marine Transportation – 0.1%** |
| Genco Shipping & Trading Ltd. | Genco Shipping & Trading Ltd. | &nbsp;&nbsp;9993 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;129509 |
| Kirby Corp. (a) | Kirby Corp. (a) | &nbsp;&nbsp;3441 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;331609 |
| Matson, Inc. | Matson, Inc. | &nbsp;&nbsp;2042 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;222762 |
| TOTAL MARINE TRANSPORTATION | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;683880 |  |  |
| **METALS & MINING – 0.2%** | **METALS & MINING – 0.2%** | **METALS & MINING – 0.2%** | **METALS & MINING – 0.2%** |
| **Steel – 0.2%** | **Steel – 0.2%** | **Steel – 0.2%** | **Steel – 0.2%** |
| ATI, Inc. (a) | ATI, Inc. (a) | 34056 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1851965 |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;****  | &nbsp;&nbsp;****  | &nbsp;&nbsp;****  | &nbsp;&nbsp;****  |
|  |  | &nbsp;&nbsp;**Shares** | &nbsp;&nbsp;**Value** |
| **PASSENGER AIRLINES – 0.4%** | **PASSENGER AIRLINES – 0.4%** | **PASSENGER AIRLINES – 0.4%** | **PASSENGER AIRLINES – 0.4%** |
| **Passenger Airlines – 0.4%** | **Passenger Airlines – 0.4%** | **Passenger Airlines – 0.4%** | **Passenger Airlines – 0.4%** |
| Alaska Air Group, Inc. (a) | Alaska Air Group, Inc. (a) | &nbsp;&nbsp;&nbsp;&nbsp;7497 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$331892 |
| Allegiant Travel Co. | Allegiant Travel Co. | &nbsp;&nbsp;&nbsp;&nbsp;1109 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52045 |
| American Airlines Group, Inc. (a) | American Airlines Group, Inc. (a) | &nbsp;&nbsp;39122 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;389264 |
| Delta Air Lines, Inc. | Delta Air Lines, Inc. | &nbsp;&nbsp;38308 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1594762 |
| Frontier Group Holdings, Inc. (a) | Frontier Group Holdings, Inc. (a) | &nbsp;&nbsp;13457 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40102 |
| JetBlue Airways Corp. (a) | JetBlue Airways Corp. (a) | &nbsp;&nbsp;20868 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;90984 |
| Joby Aviation, Inc. (a) | Joby Aviation, Inc. (a) | &nbsp;&nbsp;45699 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;287904 |
| SkyWest, Inc. (a) | SkyWest, Inc. (a) | &nbsp;&nbsp;&nbsp;&nbsp;2444 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;217932 |
| Southwest Airlines Co. | Southwest Airlines Co. | &nbsp;&nbsp;35959 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1005414 |
| United Airlines Holdings, Inc. (a) | United Airlines Holdings, Inc. (a) | &nbsp;&nbsp;19644 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1351900 |
| TOTAL PASSENGER AIRLINES | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5362199 |  |  |
| **PROFESSIONAL SERVICES – 9.6%** | **PROFESSIONAL SERVICES – 9.6%** | **PROFESSIONAL SERVICES – 9.6%** | **PROFESSIONAL SERVICES – 9.6%** |
| **Data Processing & Outsourced Services – 1.3%** | **Data Processing & Outsourced Services – 1.3%** | **Data Processing & Outsourced Services – 1.3%** | **Data Processing & Outsourced Services – 1.3%** |
| Broadridge Financial Solutions, Inc. | Broadridge Financial Solutions, Inc. | &nbsp;&nbsp;27884 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6759082 |
| Concentrix Corp. | Concentrix Corp. | &nbsp;&nbsp;&nbsp;&nbsp;9161 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;467761 |
| Conduent, Inc. (a) | Conduent, Inc. (a) | &nbsp;&nbsp;35431 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74759 |
| CSG Systems International, Inc. | CSG Systems International, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;6879 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;413634 |
| ExlService Holdings, Inc. (a) | ExlService Holdings, Inc. (a) | &nbsp;&nbsp;38453 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1864201 |
| Maximus, Inc. | Maximus, Inc. | &nbsp;&nbsp;14384 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;963153 |
| SS&C Technologies Holdings, Inc. | SS&C Technologies Holdings, Inc. | &nbsp;&nbsp;53109 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4015040 |
| TaskUS, Inc. Class A (a) | TaskUS, Inc. Class A (a) | &nbsp;&nbsp;&nbsp;&nbsp;4281 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59763 |
| Verra Mobility Corp. (a) | Verra Mobility Corp. (a) | &nbsp;&nbsp;39376 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;858397 |
| WNS Holdings Ltd. (a) | WNS Holdings Ltd. (a) | &nbsp;&nbsp;&nbsp;&nbsp;9550 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;577966 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16053756 |
| **Human Resource & Employment Services – 4.3%** | **Human Resource & Employment Services – 4.3%** | **Human Resource & Employment Services – 4.3%** | **Human Resource & Employment Services – 4.3%** |
| Alight, Inc. Class A | Alight, Inc. Class A | 100779 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;514981 |
| Automatic Data Processing, Inc. | Automatic Data Processing, Inc. | &nbsp;&nbsp;97199 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29218019 |
| Barrett Business Services, Inc. | Barrett Business Services, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;6232 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;252770 |
| Dayforce, Inc. (a) | Dayforce, Inc. (a) | &nbsp;&nbsp;35794 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2071399 |
| First Advantage Corp. (a) | First Advantage Corp. (a) | &nbsp;&nbsp;18385 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;259228 |
| Heidrick & Struggles International, Inc. | Heidrick & Struggles International, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;4902 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;191276 |
| Insperity, Inc. | Insperity, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;8448 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;549204 |
| Kelly Services, Inc. Class A | Kelly Services, Inc. Class A | &nbsp;&nbsp;&nbsp;&nbsp;7658 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;88450 |
| Kforce, Inc. | Kforce, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;4398 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;168004 |
| Korn Ferry | Korn Ferry | &nbsp;&nbsp;12229 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;754529 |
| ManpowerGroup, Inc. | ManpowerGroup, Inc. | &nbsp;&nbsp;11215 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;483030 |
| Paychex, Inc. | Paychex, Inc. | &nbsp;&nbsp;77304 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11372964 |
| Paycom Software, Inc. | Paycom Software, Inc. | &nbsp;&nbsp;12343 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2794332 |
| Paylocity Holding Corp. (a) | Paylocity Holding Corp. (a) | &nbsp;&nbsp;10612 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2038565 |
| Robert Half, Inc. | Robert Half, Inc. | &nbsp;&nbsp;24569 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1088407 |
| TriNet Group, Inc. | TriNet Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;7758 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;607684 |
| Upwork, Inc. (a) | Upwork, Inc. (a) | &nbsp;&nbsp;30157 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;396565 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52849407 |
| **Professional Services – 0.2%** | **Professional Services – 0.2%** | **Professional Services – 0.2%** | **Professional Services – 0.2%** |
| Genpact Ltd. | Genpact Ltd. | &nbsp;&nbsp;40341 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2027539 |
| **Research & Consulting Services – 3.8%** | **Research & Consulting Services – 3.8%** | **Research & Consulting Services – 3.8%** | **Research & Consulting Services – 3.8%** |
| Amentum Holdings, Inc. (a) | Amentum Holdings, Inc. (a) | &nbsp;&nbsp;32128 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;701033 |
| Booz Allen Hamilton Holding Corp. | Booz Allen Hamilton Holding Corp. | &nbsp;&nbsp;30528 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3663971 |

---

---

| | |
|:---|:---|
| **5** | ***Quarterly Report*** |

---

------

Schedule of Investments (Unaudited)–continued

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**Common Stocks – continued** | &nbsp;&nbsp;**Common Stocks – continued** | &nbsp;&nbsp;**Common Stocks – continued** | &nbsp;&nbsp;**Common Stocks – continued** |
|  |  | &nbsp;&nbsp;**Shares** | &nbsp;&nbsp;**Value** |
| **PROFESSIONAL SERVICES – continued** | **PROFESSIONAL SERVICES – continued** | **PROFESSIONAL SERVICES – continued** | **PROFESSIONAL SERVICES – continued** |
| **Research & Consulting Services – continued** | **Research & Consulting Services – continued** | **Research & Consulting Services – continued** | **Research & Consulting Services – continued** |
| CACI International, Inc. Class A (a) | CACI International, Inc. Class A (a) | &nbsp;&nbsp;&nbsp;&nbsp;5329 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$2439989 |
| CBIZ, Inc. (a) | CBIZ, Inc. (a) | &nbsp;&nbsp;10744 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;731666 |
| Clarivate PLC (a) | Clarivate PLC (a) | &nbsp;&nbsp;75389 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;324927 |
| CRA International, Inc. | CRA International, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;1642 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;266332 |
| Dun & Bradstreet Holdings, Inc. | Dun & Bradstreet Holdings, Inc. | &nbsp;&nbsp;73844 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;662381 |
| Equifax, Inc. | Equifax, Inc. | &nbsp;&nbsp;29586 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7696206 |
| Exponent, Inc. | Exponent, Inc. | &nbsp;&nbsp;12125 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;953995 |
| FTI Consulting, Inc. (a) | FTI Consulting, Inc. (a) | &nbsp;&nbsp;&nbsp;&nbsp;8570 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1425020 |
| Huron Consulting Group, Inc. (a) | Huron Consulting Group, Inc. (a) | &nbsp;&nbsp;&nbsp;&nbsp;4217 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;568409 |
| ICF International, Inc. | ICF International, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;4531 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;384954 |
| Innodata, Inc. (a) | Innodata, Inc. (a) | &nbsp;&nbsp;&nbsp;&nbsp;6583 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;248969 |
| Jacobs Solutions, Inc. | Jacobs Solutions, Inc. | &nbsp;&nbsp;29584 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3662499 |
| KBR, Inc. | KBR, Inc. | &nbsp;&nbsp;31810 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1679886 |
| Legalzoom.com, Inc. (a) | Legalzoom.com, Inc. (a) | &nbsp;&nbsp;24775 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;181353 |
| Leidos Holdings, Inc. | Leidos Holdings, Inc. | &nbsp;&nbsp;30286 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4457494 |
| NV5 Global, Inc. (a) | NV5 Global, Inc. (a) | &nbsp;&nbsp;13702 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;254172 |
| Parsons Corp. (a) | Parsons Corp. (a) | &nbsp;&nbsp;11449 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;765480 |
| Planet Labs PBC (a) | Planet Labs PBC (a) | &nbsp;&nbsp;50378 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;165744 |
| Science Applications International Corp. | Science Applications International Corp. | &nbsp;&nbsp;11679 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1413509 |
| TransUnion | TransUnion | &nbsp;&nbsp;46454 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3853824 |
| UL Solutions, Inc. Class A | UL Solutions, Inc. Class A | &nbsp;&nbsp;14844 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;848928 |
| Verisk Analytics, Inc. | Verisk Analytics, Inc. | &nbsp;&nbsp;33686 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9985541 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47336282 |
| TOTAL PROFESSIONAL SERVICES | &nbsp;&nbsp;&nbsp;&nbsp;118266984 |  |  |
| **TRADING COMPANIES & DISTRIBUTORS – 5.3%** | **TRADING COMPANIES & DISTRIBUTORS – 5.3%** | **TRADING COMPANIES & DISTRIBUTORS – 5.3%** | **TRADING COMPANIES & DISTRIBUTORS – 5.3%** |
| **Trading Companies & Distributors – 5.3%** | **Trading Companies & Distributors – 5.3%** | **Trading Companies & Distributors – 5.3%** | **Trading Companies & Distributors – 5.3%** |
| Air Lease Corp. | Air Lease Corp. | &nbsp;&nbsp;25397 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1187564 |
| Applied Industrial Technologies, Inc. | Applied Industrial Technologies, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;9185 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2234527 |
| BlueLinx Holdings, Inc. (a) | BlueLinx Holdings, Inc. (a) | &nbsp;&nbsp;&nbsp;&nbsp;1939 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;126307 |
| Boise Cascade Co. | Boise Cascade Co. | &nbsp;&nbsp;&nbsp;&nbsp;9175 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;855844 |
| Core & Main, Inc. Class A (a) | Core & Main, Inc. Class A (a) | &nbsp;&nbsp;45441 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2393832 |
| Custom Truck One Source, Inc. (a) | Custom Truck One Source, Inc. (a) | &nbsp;&nbsp;14582 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58765 |
| Distribution Solutions Group, Inc. (a) | Distribution Solutions Group, Inc. (a) | &nbsp;&nbsp;&nbsp;&nbsp;2250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58590 |
| DNOW, Inc. (a) | DNOW, Inc. (a) | &nbsp;&nbsp;25066 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;397797 |
| DXP Enterprises, Inc. (a) | DXP Enterprises, Inc. (a) | &nbsp;&nbsp;&nbsp;&nbsp;3224 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;285195 |
| Fastenal Co. | Fastenal Co. | 136662 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11065522 |
| Ferguson Enterprises, Inc. | Ferguson Enterprises, Inc. | &nbsp;&nbsp;47696 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8092103 |
| FTAI Aviation Ltd. | FTAI Aviation Ltd. | &nbsp;&nbsp;24432 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2616912 |
| GATX Corp. | GATX Corp. | &nbsp;&nbsp;&nbsp;&nbsp;8027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1171621 |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;****  | &nbsp;&nbsp;****  | &nbsp;&nbsp;****  | &nbsp;&nbsp;****  |
|  |  | &nbsp;&nbsp;**Shares** | &nbsp;&nbsp;**Value** |
| Global Industrial Co. | Global Industrial Co. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4560 | &nbsp;&nbsp;&nbsp;&nbsp;$117101 |
| GMS, Inc. (a) | GMS, Inc. (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9208 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;674578 |
| H&E Equipment Services, Inc. | H&E Equipment Services, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7821 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;702404 |
| Herc Holdings, Inc. | Herc Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6478 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;708952 |
| McGrath RentCorp | McGrath RentCorp | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5823 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;621139 |
| MRC Global, Inc. (a) | MRC Global, Inc. (a) | &nbsp;&nbsp;&nbsp;&nbsp;20849 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;242891 |
| MSC Industrial Direct Co., Inc. Class A | MSC Industrial Direct Co., Inc. Class A | &nbsp;&nbsp;&nbsp;&nbsp;10751 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;822237 |
| QXO, Inc. | QXO, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;83331 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1111636 |
| Rush Enterprises, Inc. Class A | Rush Enterprises, Inc. Class A | &nbsp;&nbsp;&nbsp;&nbsp;14944 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;761995 |
| Rush Enterprises, Inc. Class B | Rush Enterprises, Inc. Class B | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1871 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;108219 |
| SiteOne Landscape Supply, Inc. (a) | SiteOne Landscape Supply, Inc. (a) | &nbsp;&nbsp;&nbsp;&nbsp;10777 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1237307 |
| Transcat, Inc. (a) | Transcat, Inc. (a) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2196 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;174209 |
| United Rentals, Inc. | United Rentals, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;15654 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9884718 |
| Watsco, Inc. | Watsco, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8305 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3818971 |
| WESCO International, Inc. | WESCO International, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;11707 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1907773 |
| Willis Lease Finance Corp. | Willis Lease Finance Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;631 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;97628 |
| WW Grainger, Inc. | WW Grainger, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;10456 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10710185 |
| Xometry, Inc. Class A (a) | Xometry, Inc. Class A (a) | &nbsp;&nbsp;&nbsp;&nbsp;10074 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;258297 |
| TOTAL TRADING COMPANIES & DISTRIBUTORS | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;64504819 |  |  |
| **TOTAL COMMON STOCKS<br> (Cost $1,035,572,292)** | **TOTAL COMMON STOCKS<br> (Cost $1,035,572,292)** | **TOTAL COMMON STOCKS<br> (Cost $1,035,572,292)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1227114821** |
| &nbsp;&nbsp;**Money Market Fund – 0.3%** | &nbsp;&nbsp;**Money Market Fund – 0.3%** | &nbsp;&nbsp;**Money Market Fund – 0.3%** | &nbsp;&nbsp;**Money Market Fund – 0.3%** |
| State Street Institutional Treasury Plus Money Market Fund, Trust Class, 4.22% (b)<br> (Cost $3,410,000) | State Street Institutional Treasury Plus Money Market Fund, Trust Class, 4.22% (b)<br> (Cost $3,410,000) | 3410000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3410000 |
| **TOTAL INVESTMENT IN SECURITIES – 100.0%<br> (Cost $1,038,982,292)** | &nbsp;&nbsp;**1230524821** |  |  |
| **NET OTHER ASSETS (LIABILITIES) (c) – (0.0%)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(268964)** |  |  |
| **NET ASSETS – 100.0%** | **$1230255857** |  |  |

---

---

| | |
|:---|:---|
| **Legend** | **Legend** |
| (a) | Non-income producing. |
| (b) | The rate quoted is the annualized seven-day yield of the fund at period end. |
| (c) | Includes $69,976 of cash collateral to cover margin requirements for futures contracts. |

---

 ***Quarterly Report*** <sub>6</sub>

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Futures Contracts** | &nbsp;&nbsp;**Futures Contracts** | &nbsp;&nbsp;**Futures Contracts** | &nbsp;&nbsp;**Futures Contracts** | &nbsp;&nbsp;**Futures Contracts** | &nbsp;&nbsp;**Futures Contracts** |
|  | **Number of<br> contracts** | &nbsp;&nbsp;**Expiration<br> Date** | &nbsp;&nbsp;**Notional<br> Amount** | &nbsp;&nbsp;**Value** | &nbsp;&nbsp;**Unrealized<br> Appreciation/<br> (Depreciation)** |
| **Purchased** |  |  |  |  |  |
| **Equity Index Contracts** |  |  |  |  |  |
| CME E-mini Industrial Select Sector Index Contracts (United States) | 8 | &nbsp;&nbsp;June 2025 | &nbsp;&nbsp;1063520 | &nbsp;&nbsp;$41140 | &nbsp;&nbsp;$41140 |
| CME E-mini Russell 2000 Index Contracts (United States) | 1 | &nbsp;&nbsp;June 2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;98490 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4791 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4791 |
| Total Equity Index Contracts |  |  |  |  | &nbsp;&nbsp;&nbsp;$45931 |

---

The notional amount of futures purchased as a percentage of Net Assets is 0.1%

#### Investment Valuation
Investments are valued as of 4:00 p.m. Eastern time on the last calendar day of the period. Securities transactions are accounted for as of trade date. The Board of Trustees (the Board) has designated the Fund's investment adviser as the valuation designee responsible for the fair valuation function and performing fair value determinations as needed. The investment adviser has established a Fair Value Committee (the Committee) to carry out the day-to-day fair valuation responsibilities and has adopted policies and procedures to govern the fair valuation process and the activities of the Committee. In accordance with these fair valuation policies and procedures, which have been approved by the Board, the Fund attempts to obtain prices from one or more third party pricing services or brokers to value its investments. When current market prices, quotations or currency exchange rates are not readily available or reliable, investments will be fair valued in good faith by the Committee, in accordance with the policies and procedures. Factors used in determining fair value vary by investment type and may include market or investment specific events, transaction data, estimated cash flows, and market observations of comparable investments. The frequency that the fair valuation procedures are used cannot be predicted and they may be utilized to a significant extent. The Committee manages the Fund's fair valuation practices and maintains the fair valuation policies and procedures. The Fund's investment adviser reports to the Board information regarding the fair valuation process and related material matters.

The inputs to valuation techniques used to value investments are categorized into a disclosure hierarchy consisting of three levels as shown below:

Level 1 – unadjusted quoted prices in active markets for identical investments

Level 2 – other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, etc.)

Level 3 – unobservable inputs (including the Fund's own assumptions based on the best information available)

Valuation techniques used to value investments by major category are as follows:

Equity securities, including restricted securities, for which market quotations are readily available, are valued at the last reported sale price or official closing price as reported by a third party pricing service on the primary market or exchange on which they are traded and are categorized as Level 1 in the hierarchy. In the event there were no sales during the day or closing prices are not available, securities are valued at the last quoted bid price or may be valued using the last available price and are generally categorized as Level 2 in the hierarchy. For any foreign equity securities, when market or security specific events arise, comparisons to the valuation of American Depositary Receipts (ADRs), futures contracts, Exchange-Traded Funds (ETFs) and certain indexes as well as quoted prices for similar securities may be used and would be categorized as Level 2 in the hierarchy. For equity securities, including restricted securities, where observable inputs are limited, assumptions about market activity and risk are used and these securities may be categorized as Level 3 in the hierarchy.

Futures contracts are valued at the settlement price established each day by the board of trade or exchange on which they are traded and are categorized as Level 1 in the hierarchy. Investments in any open-end mutual funds are valued at their closing net asset value (NAV) each business day and are categorized as Level 1 in the hierarchy. If an unaffiliated open-end mutual fund's NAV is unavailable, shares of that fund may be valued by another method that the Board believes reflects fair value in accordance with the Board's fair value pricing policies and is categorized as Level 2 in the hierarchy.

---

| | |
|:---|:---|
| **7** | ***Quarterly Report*** |

---

------

Schedule of Investments (Unaudited)–continued

Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy.

#### Derivative Instruments
Risk Exposures and the Use of Derivative Instruments: The Fund's investment objectives allow the Fund to enter into various types of derivative contracts. Derivatives are investments whose value is primarily derived from underlying assets, indices or reference rates and may be transacted on an exchange or over-the-counter (OTC). Derivatives may involve a future commitment to buy or sell a specified asset based on specified terms, to exchange future cash flows at periodic intervals based on a notional principal amount, or for one party to make one or more payments upon the occurrence of specified events in exchange for periodic payments from the other party.

The Fund used derivatives to increase returns, to gain exposure to certain types of assets and/or to manage exposure to certain risks as defined below. The success of any strategy involving derivatives depends on analysis of numerous economic factors, and if the strategies for investment do not work as intended, the Fund may not achieve its objectives.

The Fund's use of derivatives increased or decreased its exposure to the following risk(s):

Equity Risk - Equity risk relates to the fluctuations in the value of financial instruments as a result of changes in market prices (other than those arising from interest rate risk or foreign exchange risk), whether caused by factors specific to an individual investment, its issuer, or all factors affecting all instruments traded in a market or market segment.

Investing in derivatives may involve greater risks than investing in the underlying assets directly and, to varying degrees, may involve risk of loss in excess of any initial investment and collateral received. In addition, there may be the risk that the change in value of the derivative contract does not correspond to the change in value of the underlying instrument.

Futures Contracts: A futures contract is an agreement between two parties to buy or sell a specified underlying instrument for a specified price at a specified future date.

The Fund used futures contracts to manage its exposure to the stock market.

Open futures contracts at period end are presented in the Schedule of Investments under the caption "Futures Contracts". The underlying face amount at value reflects each contract's exposure to the underlying instrument or index at period end. Any securities and/or cash deposited to meet initial margin requirements are identified in the Schedule of Investments.

For additional information on the Fund's significant accounting policies, please refer to the Fund's most recent semiannual or annual shareholder report.

 ***Quarterly Report*** <sub>8</sub>

------

*The fund's schedule of investments as of the date on the cover of this report has not been audited. This report is provided for the general information of the fund's shareholders. For more information regarding the fund and its holdings, please see the fund's most recent prospectus and annual report.*

*Third party trademarks and service marks are the property of their respective owners. All other trademarks and service marks are the property of FMR LLC or an affiliate.* 

---

| | |
|:---|:---|
| **9** | ***Quarterly Report*** |

---

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<br>

 ***Quarterly Report*** <sub>10</sub>

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** FIDELITY COVINGTON TRUST

- **b. Investment Company Act file number:** 811-07319

- **c. CIK number of Registrant:** 0000945908

- **d. LEI of Registrant:** 549300JFYFTF85QAQR28

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

  - **Street Address 1:** 245 SUMMER STREET

  - **City:** BOSTON

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 02210

  - **Telephone number:** 1-800-FIDELITY

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

- **a. Name of Series:** Fidelity MSCI Industrials Index ETF

- **b. EDGAR series identifier (if any):** S000042576

- **c. LEI of Series:** 549300U5MV2536PM1969

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

- **a. Date of fiscal year-end:** 2025-07-31

- **b. Date as of which information is reported:** 2025-04-30

**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:** $1237212206.91

**Total Liabilities:** $82504.20

**Net Assets:** $1237129702.71

**Cash Not Reported:** $238574.90

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000131668 | -2.53%               | -4.13%               | 0.29%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-67.81                  | $-34979991.29                              |
| Month 2  | $3190002.71              | $-57409639.29                              |
| Month 3  | $7357047.13              | $-5074319.36                               |

### Schedule of Portfolio Investments

| Name                                       | Title                                                      | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| WESCO International Inc                    | WESCO International Inc                                    | CUSIP: 95082P105<br>LEI: 529900TXOGREY3WNJ434 | Long             | EC               | CORP              | US        |     11773 | NS      | $1918528.08   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Honeywell International Inc                | Honeywell International Inc                                | CUSIP: 438516106<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | EC               | CORP              | US        |    155983 | NS      | $32834421.50  | 2.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Thermon Group Holdings Inc                 | Thermon Group Holdings Inc                                 | CUSIP: 88362T103<br>LEI: 529900ZNZBBLDE77MZ38 | Long             | EC               | CORP              | US        |      8320 | NS      | $218233.60    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Astronics Corp                             | Astronics Corp                                             | CUSIP: 046433108<br>LEI: 549300NNXCF8H4MSMK17 | Long             | EC               | CORP              | US        |      6062 | NS      | $137546.78    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Parsons Corp                               | Parsons Corp                                               | CUSIP: 70202L102<br>LEI: 549300ZXH0VRBSEPX752 | Long             | EC               | CORP              | US        |     11513 | NS      | $769759.18    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| OPENLANE Inc                               | OPENLANE Inc                                               | CUSIP: 48238T109<br>LEI: 5493004HKD20LBSG7D03 | Long             | EC               | CORP              | US        |     25670 | NS      | $475151.70    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| UL Solutions Inc                           | UL Solutions Inc                                           | CUSIP: 903731107<br>LEI: 549300F7CUV5ESKV9P71 | Long             | EC               | CORP              | US        |     14926 | NS      | $853617.94    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Nordson Corp                               | Nordson Corp                                               | CUSIP: 655663102<br>LEI: 14OS6Q5N55N95WM84M53 | Long             | EC               | CORP              | US        |     12994 | NS      | $2463272.58   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Primoris Services Corp                     | Primoris Services Corp                                     | CUSIP: 74164F103<br>LEI: 549300UF3OLBJ8D5K349 | Long             | EC               | CORP              | US        |     12963 | NS      | $777391.11    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| AZEK Co Inc/The                            | AZEK Co Inc/The                                            | CUSIP: 05478C105<br>LEI: 5493002LDDDU1RX46815 | Long             | EC               | CORP              | US        |     34491 | NS      | $1709373.96   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Conduent Inc                               | Conduent Inc                                               | CUSIP: 206787103<br>LEI: 549300SFJ2D2CYY6CQ11 | Long             | EC               | CORP              | US        |     35629 | NS      | $75177.19     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| L3Harris Technologies Inc                  | L3Harris Technologies Inc                                  | CUSIP: 502431109<br>LEI: 549300UTE50ZMDBG8A20 | Long             | EC               | CORP              | US        |     45497 | NS      | $10010249.94  | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Pursuit Attractions and Hospitality Inc    | Pursuit Attractions and Hospitality Inc                    | CUSIP: 92552R406<br>LEI: 549300PXU4ZW7LPO5Y40 | Long             | EC               | CORP              | US        |      4989 | NS      | $146127.81    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| United Parcel Service Inc                  | United Parcel Service Inc                                  | CUSIP: 911312106<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | EC               | CORP              | US        |    175442 | NS      | $16719622.60  | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Upwork Inc                                 | Upwork Inc                                                 | CUSIP: 91688F104<br>LEI: 5493004QJ6WWBXVE2S70 | Long             | EC               | CORP              | US        |     30325 | NS      | $398773.75    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| AMETEK Inc                                 | AMETEK Inc                                                 | CUSIP: 031100100<br>LEI: 549300WZDEF9KKE40E98 | Long             | EC               | CORP              | US        |     55487 | NS      | $9409485.46   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Avis Budget Group Inc                      | Avis Budget Group Inc                                      | CUSIP: 053774105<br>LEI: 529900E95812SYWMCE44 | Long             | EC               | CORP              | US        |      4337 | NS      | $401736.31    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Kforce Inc                                 | Kforce Inc                                                 | CUSIP: 493732101<br>LEI: 5493003RDQQDVXY2SK46 | Long             | EC               | CORP              | US        |      4422 | NS      | $168920.40    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Steelcase Inc                              | Steelcase Inc                                              | CUSIP: 858155203<br>LEI: GIE4CCPBJDI8SMV1OX95 | Long             | EC               | CORP              | US        |     20968 | NS      | $208002.56    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| DXP Enterprises Inc/TX                     | DXP Enterprises Inc/TX                                     | CUSIP: 233377407<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3242 | NS      | $286787.32    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Expeditors International of Washington Inc | Expeditors International of Washington Inc                 | CUSIP: 302130109<br>LEI: 984500B055A804AB6E40 | Long             | EC               | CORP              | US        |     33630 | NS      | $3696273.30   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Janus International Group Inc              | Janus International Group Inc                              | CUSIP: 47103N106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     33894 | NS      | $233190.72    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Core & Main Inc                            | Core & Main Inc                                            | CUSIP: 21874C102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     45695 | NS      | $2407212.60   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| V2X Inc                                    | V2X Inc                                                    | CUSIP: 92242T101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4171 | NS      | $207548.96    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Cadre Holdings Inc                         | Cadre Holdings Inc                                         | CUSIP: 12763L105<br>LEI: 2549006IKQEWJ8M7CB97 | Long             | EC               | CORP              | US        |      6830 | NS      | $199094.50    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Union Pacific Corp                         | Union Pacific Corp                                         | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |    145431 | NS      | $31363649.46  | 2.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Toro Co/The                                | Toro Co/The                                                | CUSIP: 891092108<br>LEI: YJKE4YIT6BWQHVEW0D14 | Long             | EC               | CORP              | US        |     24311 | NS      | $1659955.08   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| EnerSys                                    | EnerSys                                                    | CUSIP: 29275Y102<br>LEI: 7ZS3DE5PN30BYUJFWP05 | Long             | EC               | CORP              | US        |      9551 | NS      | $827116.60    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Trex Co Inc                                | Trex Co Inc                                                | CUSIP: 89531P105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     25743 | NS      | $1488460.26   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Energy Recovery Inc                        | Energy Recovery Inc                                        | CUSIP: 29270J100<br>LEI: 549300ZEQL52Z525WJ22 | Long             | EC               | CORP              | US        |     13648 | NS      | $210861.60    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Archer Aviation Inc                        | Archer Aviation Inc                                        | CUSIP: 03945R102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     90392 | NS      | $752965.36    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Sensata Technologies Holding PLC           | Sensata Technologies Holding PLC                           | CUSIP: 000000000<br>LEI: 529900MS7KFYCY9MS037 | Long             | EC               | CORP              | GB        |     35903 | NS      | $768324.20    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Preformed Line Products Co                 | Preformed Line Products Co                                 | CUSIP: 740444104<br>LEI: 549300EYH53XDJID2098 | Long             | EC               | CORP              | US        |       595 | NS      | $81735.15     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| VSE Corp                                   | VSE Corp                                                   | CUSIP: 918284100<br>LEI: 549300QWJYQDH4U5XI15 | Long             | EC               | CORP              | US        |      4659 | NS      | $533548.68    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| RBC Bearings Inc                           | RBC Bearings Inc                                           | CUSIP: 75524B104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7169 | NS      | $2355518.33   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Kelly Services Inc                         | Kelly Services Inc                                         | CUSIP: 488152208<br>LEI: 25490035B2ZPL6RM1974 | Long             | EC               | CORP              | US        |      7700 | NS      | $88935.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Drainage Systems Inc              | Advanced Drainage Systems Inc                              | CUSIP: 00790R104<br>LEI: 6QQTOZ5MF5DHM7K92I60 | Long             | EC               | CORP              | US        |     17665 | NS      | $2004800.85   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| United Rentals Inc                         | United Rentals Inc                                         | CUSIP: 911363109<br>LEI: 5323X5O7RN0NKFCDRY08 | Long             | EC               | CORP              | US        |     15742 | NS      | $9940285.90   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Gibraltar Industries Inc                   | Gibraltar Industries Inc                                   | CUSIP: 374689107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7305 | NS      | $386799.75    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Mercantile Exchange                | XAI EMINI INDUSTR JUN25                                    | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               |  | US        |        27 | NC      | $70688.56     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Enovix Corp                                | Enovix Corp                                                | CUSIP: 293594107<br>LEI: 549300EC7NZGWORHYJ53 | Long             | EC               | CORP              | US        |     38395 | NS      | $257246.50    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Pentair PLC                                | Pentair PLC                                                | CUSIP: 000000000<br>LEI: 549300EVR9D56WPSRP15 | Long             | EC               | CORP              | IE        |     39656 | NS      | $3597988.88   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Enpro Inc                                  | Enpro Inc                                                  | CUSIP: 29355X107<br>LEI: 549300Y5CFT2LKCFDN54 | Long             | EC               | CORP              | US        |      5044 | NS      | $753573.60    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| ManpowerGroup Inc                          | ManpowerGroup Inc                                          | CUSIP: 56418H100<br>LEI: ERO1WSFOSR0JJ6CRQ987 | Long             | EC               | CORP              | US        |     11277 | NS      | $485700.39    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| RXO Inc                                    | RXO Inc                                                    | CUSIP: 74982T103<br>LEI: 549300KL8CA6GP8XPM30 | Long             | EC               | CORP              | US        |     24555 | NS      | $345979.95    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Paychex Inc                                | Paychex Inc                                                | CUSIP: 704326107<br>LEI: 529900K900DW6SUBM174 | Long             | EC               | CORP              | US        |     77736 | NS      | $11436520.32  | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Miller Industries Inc/TN                   | Miller Industries Inc/TN                                   | CUSIP: 600551204<br>LEI: 549300F1O74SPUJ7UU94 | Long             | EC               | CORP              | US        |      2774 | NS      | $113206.94    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Ennis Inc                                  | Ennis Inc                                                  | CUSIP: 293389102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6495 | NS      | $116585.25    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| JetBlue Airways Corp                       | JetBlue Airways Corp                                       | CUSIP: 477143101<br>LEI: 54930070J9H97ZO93T57 | Long             | EC               | CORP              | US        |     20984 | NS      | $91490.24     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Global Industrial Co                       | Global Industrial Co                                       | CUSIP: 37892E102<br>LEI: 5493000GO8Z3HEWCGE46 | Long             | EC               | CORP              | US        |      4586 | NS      | $117768.48    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Terex Corp                                 | Terex Corp                                                 | CUSIP: 880779103<br>LEI: YAWJZJYEQ7M1SYMOS462 | Long             | EC               | CORP              | US        |     16152 | NS      | $568550.40    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| IES Holdings Inc                           | IES Holdings Inc                                           | CUSIP: 44951W106<br>LEI: 549300687T8E6LN6EN72 | Long             | EC               | CORP              | US        |      2141 | NS      | $421091.88    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| nVent Electric PLC                         | nVent Electric PLC                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | IE        |     39598 | NS      | $2174326.18   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Vestis Corp                                | Vestis Corp                                                | CUSIP: 29430C102<br>LEI: 254900QDW0TA2TMFAP59 | Long             | EC               | CORP              | US        |     28648 | NS      | $250956.48    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| SiteOne Landscape Supply Inc               | SiteOne Landscape Supply Inc                               | CUSIP: 82982L103<br>LEI: 5299008LX7SBD4HIAU03 | Long             | EC               | CORP              | US        |     10837 | NS      | $1244195.97   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| American Superconductor Corp               | American Superconductor Corp                               | CUSIP: 030111207<br>LEI: 549300S9YT8Z8LOK4452 | Long             | EC               | CORP              | US        |      9346 | NS      | $185518.10    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Vicor Corp                                 | Vicor Corp                                                 | CUSIP: 925815102<br>LEI: 5299005KMQOTR6B51F09 | Long             | EC               | CORP              | US        |      5486 | NS      | $218918.83    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Legalzoom.com Inc                          | Legalzoom.com Inc                                          | CUSIP: 52466B103<br>LEI: 5493000L8EBF74Y9JZ48 | Long             | EC               | CORP              | US        |     24913 | NS      | $182363.16    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Custom Truck One Source Inc                | Custom Truck One Source Inc                                | CUSIP: 23204X103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     14664 | NS      | $59095.92     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ExlService Holdings Inc                    | ExlService Holdings Inc                                    | CUSIP: 302081104<br>LEI: 81E3DTNF6OSH489ZOV15 | Long             | EC               | CORP              | US        |     38667 | NS      | $1874576.16   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Donaldson Co Inc                           | Donaldson Co Inc                                           | CUSIP: 257651109<br>LEI: OZE6KXY9QQPR8EJ8WL20 | Long             | EC               | CORP              | US        |     28693 | NS      | $1885990.89   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Uber Technologies Inc                      | Uber Technologies Inc                                      | CUSIP: 90353T100<br>LEI: 549300B2FTG34FILDR98 | Long             | EC               | CORP              | US        |    454612 | NS      | $36828118.12  | 2.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Atmus Filtration Technologies Inc          | Atmus Filtration Technologies Inc                          | CUSIP: 04956D107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     19823 | NS      | $687263.41    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Masco Corp                                 | Masco Corp                                                 | CUSIP: 574599106<br>LEI: 5GCSNMQXHEYA1JO8QN11 | Long             | EC               | CORP              | US        |     51835 | NS      | $3141719.35   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| 3M Co                                      | 3M Co                                                      | CUSIP: 88579Y101<br>LEI: LUZQVYP4VS22CLWDAR65 | Long             | EC               | CORP              | US        |    130631 | NS      | $18145952.21  | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Owens Corning                              | Owens Corning                                              | CUSIP: 690742101<br>LEI: JO5M6676RDJIZ2U8X907 | Long             | EC               | CORP              | US        |     20610 | NS      | $2996900.10   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| KBR Inc                                    | KBR Inc                                                    | CUSIP: 48242W106<br>LEI: 254900OFQDXZRKRCV808 | Long             | EC               | CORP              | US        |     31988 | NS      | $1689286.28   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| API Group Corp                             | API Group Corp                                             | CUSIP: 00187Y100<br>LEI: 213800NZT1VX6PZ7BT53 | Long             | EC               | CORP              | US        |     49736 | NS      | $1881512.88   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Mercantile Exchange                | E-MINI RUSS 2000 JUN25                                     | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DE               |  | US        |         5 | NC      | $-4608.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Snap-on Inc                                | Snap-on Inc                                                | CUSIP: 833034101<br>LEI: HHWAT5TDOYZMM26KKQ73 | Long             | EC               | CORP              | US        |     12573 | NS      | $3945533.13   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Hub Group Inc                              | Hub Group Inc                                              | CUSIP: 443320106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     14433 | NS      | $455938.47    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Dun & Bradstreet Holdings Inc              | Dun & Bradstreet Holdings Inc                              | CUSIP: 26484T106<br>LEI: 254900LNALVKD1ZX7U27 | Long             | EC               | CORP              | US        |     74256 | NS      | $666076.32    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| MillerKnoll Inc                            | MillerKnoll Inc                                            | CUSIP: 600544100<br>LEI: U98HXD3PNK7HYU2MU887 | Long             | EC               | CORP              | US        |     16625 | NS      | $272650.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| General Dynamics Corp                      | General Dynamics Corp                                      | CUSIP: 369550108<br>LEI: 9C1X8XOOTYY2FNYTVH06 | Long             | EC               | CORP              | US        |     56067 | NS      | $15256952.04  | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| NANO Nuclear Energy Inc                    | NANO Nuclear Energy Inc                                    | CUSIP: 63010H108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5715 | NS      | $130016.25    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Greenbrier Cos Inc/The                     | Greenbrier Cos Inc/The                                     | CUSIP: 393657101<br>LEI: 5493001GAGGFR30BP390 | Long             | EC               | CORP              | US        |      7557 | NS      | $320567.94    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Blue Bird Corp                             | Blue Bird Corp                                             | CUSIP: 095306106<br>LEI: 5493004ZXJUUWQ65ER59 | Long             | EC               | CORP              | US        |      7358 | NS      | $256573.46    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Franklin Electric Co Inc                   | Franklin Electric Co Inc                                   | CUSIP: 353514102<br>LEI: RR6AURIKMXUE4Q24G284 | Long             | EC               | CORP              | US        |      9370 | NS      | $796075.20    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Allegion plc                               | Allegion plc                                               | CUSIP: 000000000<br>LEI: 984500560CAC2E6FB757 | Long             | EC               | CORP              | IE        |     20845 | NS      | $2901624.00   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Forward Air Corp                           | Forward Air Corp                                           | CUSIP: 349853101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5115 | NS      | $75292.80     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Industrial Technologies Inc        | Applied Industrial Technologies Inc                        | CUSIP: 03820C105<br>LEI: 549300NU173IJRC6PO38 | Long             | EC               | CORP              | US        |      9237 | NS      | $2247177.36   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Granite Construction Inc                   | Granite Construction Inc                                   | CUSIP: 387328107<br>LEI: 549300OM4BWMCIXVCZ39 | Long             | EC               | CORP              | US        |     10500 | NS      | $853545.00    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Eve Holding Inc                            | Eve Holding Inc                                            | CUSIP: 29970N104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     14303 | NS      | $50918.68     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Worthington Enterprises Inc                | Worthington Enterprises Inc                                | CUSIP: 981811102<br>LEI: 1WRCIANKYOIK6KYE5E82 | Long             | EC               | CORP              | US        |      7832 | NS      | $396534.16    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| AGCO Corp                                  | AGCO Corp                                                  | CUSIP: 001084102<br>LEI: LYOM0B2GCF1JWXK5ZG04 | Long             | EC               | CORP              | US        |     15228 | NS      | $1291791.24   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Herc Holdings Inc                          | Herc Holdings Inc                                          | CUSIP: 42704L104<br>LEI: 549300TP80QLITMSBP82 | Long             | EC               | CORP              | US        |      6514 | NS      | $712892.16    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Air Lease Corp                             | Air Lease Corp                                             | CUSIP: 00912X302<br>LEI: 5493004NW4M4P8TMMK63 | Long             | EC               | CORP              | US        |     25539 | NS      | $1194203.64   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Tetra Tech Inc                             | Tetra Tech Inc                                             | CUSIP: 88162G103<br>LEI: 549300UJ1LP7JGJC5P32 | Long             | EC               | CORP              | US        |     64302 | NS      | $2005579.38   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Cintas Corp                                | Cintas Corp                                                | CUSIP: 172908105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     87123 | NS      | $18442196.64  | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Exponent Inc                               | Exponent Inc                                               | CUSIP: 30214U102<br>LEI: 529900NY3F5Q2NWPUZ42 | Long             | EC               | CORP              | US        |     12193 | NS      | $959345.24    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Paycom Software Inc                        | Paycom Software Inc                                        | CUSIP: 70432V102<br>LEI: 254900LSB0HNJUDC6Q18 | Long             | EC               | CORP              | US        |     12411 | NS      | $2809726.29   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Gates Industrial Corp PLC                  | Gates Industrial Corp PLC                                  | CUSIP: 000000000<br>LEI: 549300S6K4FWUSB9KM27 | Long             | EC               | CORP              | GB        |     61198 | NS      | $1157866.16   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| WillScot Holdings Corp                     | WillScot Holdings Corp                                     | CUSIP: 971378104<br>LEI: 549300HJ4VIXF476Q166 | Long             | EC               | CORP              | US        |     44390 | NS      | $1115076.80   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Leonardo DRS Inc                           | Leonardo DRS Inc                                           | CUSIP: 52661A108<br>LEI: 549300HMMEWVG3PPQU18 | Long             | EC               | CORP              | US        |     19056 | NS      | $704309.76    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Lincoln Electric Holdings Inc              | Lincoln Electric Holdings Inc                              | CUSIP: 533900106<br>LEI: BIMGBY40SIN95O01BN93 | Long             | EC               | CORP              | US        |     13557 | NS      | $2388743.40   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Maximus Inc                                | Maximus Inc                                                | CUSIP: 577933104<br>LEI: 549300DQCDS8HJ7QF202 | Long             | EC               | CORP              | US        |     14464 | NS      | $968509.44    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| JELD-WEN Holding Inc                       | JELD-WEN Holding Inc                                       | CUSIP: 47580P103<br>LEI: 529900AXX7CT9GZSCS30 | Long             | EC               | CORP              | US        |     20805 | NS      | $114843.60    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CNH Industrial NV                          | CNH Industrial NV                                          | CUSIP: 000000000<br>LEI: 549300WGC2HZ5J67V817 | Long             | EC               | CORP              | NL        |    209084 | NS      | $2419101.88   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Allison Transmission Holdings Inc          | Allison Transmission Holdings Inc                          | CUSIP: 01973R101<br>LEI: 529900RP7DJ882LI9T83 | Long             | EC               | CORP              | US        |     20812 | NS      | $1919698.88   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Wabash National Corp                       | Wabash National Corp                                       | CUSIP: 929566107<br>LEI: 5299004ZAWHQZI5XO485 | Long             | EC               | CORP              | US        |     10927 | NS      | $75505.57     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| GXO Logistics Inc                          | GXO Logistics Inc                                          | CUSIP: 36262G101<br>LEI: 5493007CNWMXN78JRN66 | Long             | EC               | CORP              | US        |     28744 | NS      | $1041682.56   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Brink's Co/The                             | Brink's Co/The                                             | CUSIP: 109696104<br>LEI: XFP140TFNOQMIVFTVQ13 | Long             | EC               | CORP              | US        |     10460 | NS      | $933450.40    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Leidos Holdings Inc                        | Leidos Holdings Inc                                        | CUSIP: 525327102<br>LEI: 549300IUTGTP6EJP8124 | Long             | EC               | CORP              | US        |     30456 | NS      | $4482514.08   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| ChargePoint Holdings Inc                   | ChargePoint Holdings Inc                                   | CUSIP: 15961R105<br>LEI: 254900DVN9TAC2GIPG25 | Long             | EC               | CORP              | US        |     97716 | NS      | $60857.52     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| TaskUS Inc                                 | TaskUS Inc                                                 | CUSIP: 87652V109<br>LEI: 549300VFPOK2Y6GLWE32 | Long             | EC               | CORP              | US        |      4305 | NS      | $60097.80     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Kadant Inc                                 | Kadant Inc                                                 | CUSIP: 48282T104<br>LEI: 549300K06LNJYBMPYP15 | Long             | EC               | CORP              | US        |      2837 | NS      | $836915.00    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Lindsay Corp                               | Lindsay Corp                                               | CUSIP: 535555106<br>LEI: 549300ZFO0QG5H8TPI61 | Long             | EC               | CORP              | US        |      2597 | NS      | $335168.82    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Barrett Business Services Inc              | Barrett Business Services Inc                              | CUSIP: 068463108<br>LEI: 529900HXB6TMG0SR9Y34 | Long             | EC               | CORP              | US        |      6266 | NS      | $254148.96    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| MasTec Inc                                 | MasTec Inc                                                 | CUSIP: 576323109<br>LEI: 549300TMDIT8WREDOF45 | Long             | EC               | CORP              | US        |     15223 | NS      | $1938192.36   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Generac Holdings Inc                       | Generac Holdings Inc                                       | CUSIP: 368736104<br>LEI: 529900S2H2AHJHSFFI84 | Long             | EC               | CORP              | US        |     14295 | NS      | $1635062.10   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Woodward Inc                               | Woodward Inc                                               | CUSIP: 980745103<br>LEI: YPYKXXTR8TFDH54ZMB45 | Long             | EC               | CORP              | US        |     14258 | NS      | $2674373.06   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Lockheed Martin Corp                       | Lockheed Martin Corp                                       | CUSIP: 539830109<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | EC               | CORP              | US        |     51174 | NS      | $24448378.50  | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Old Dominion Freight Line Inc              | Old Dominion Freight Line Inc                              | CUSIP: 679580100<br>LEI: 5299009TWK32WE417T96 | Long             | EC               | CORP              | US        |     46088 | NS      | $7064368.64   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Sunrun Inc                                 | Sunrun Inc                                                 | CUSIP: 86771W105<br>LEI: 54930007SJ77CI66U531 | Long             | EC               | CORP              | US        |     53386 | NS      | $367829.54    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryder System Inc                           | Ryder System Inc                                           | CUSIP: 783549108<br>LEI: ZXJ6Y2OSPZXIVGRILD15 | Long             | EC               | CORP              | US        |     10160 | NS      | $1398727.20   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Armstrong World Industries Inc             | Armstrong World Industries Inc                             | CUSIP: 04247X102<br>LEI: KXMRXXOJ88Q45Y45MG74 | Long             | EC               | CORP              | US        |     10477 | NS      | $1519374.54   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Distribution Solutions Group Inc           | Distribution Solutions Group Inc                           | CUSIP: 520776105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2262 | NS      | $58902.48     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| AZZ Inc                                    | AZZ Inc                                                    | CUSIP: 002474104<br>LEI: 549300HD1X2NFLWPYC83 | Long             | EC               | CORP              | US        |      6779 | NS      | $588146.04    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Cummins Inc                                | Cummins Inc                                                | CUSIP: 231021106<br>LEI: ZUNI8PYC725B6H8JU438 | Long             | EC               | CORP              | US        |     32907 | NS      | $9669392.88   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| IDEX Corp                                  | IDEX Corp                                                  | CUSIP: 45167R104<br>LEI: 549300U5Y5EL6PHYLF13 | Long             | EC               | CORP              | US        |     18136 | NS      | $3155119.92   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Norfolk Southern Corp                      | Norfolk Southern Corp                                      | CUSIP: 655844108<br>LEI: 54930036C8MWP850MI84 | Long             | EC               | CORP              | US        |     54272 | NS      | $12159641.60  | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| NV5 Global Inc                             | NV5 Global Inc                                             | CUSIP: 62945V109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     13778 | NS      | $255581.90    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| A O Smith Corp                             | A O Smith Corp                                             | CUSIP: 831865209<br>LEI: 549300XG4US7UJNECY36 | Long             | EC               | CORP              | US        |     28771 | NS      | $1952400.06   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Insperity Inc                              | Insperity Inc                                              | CUSIP: 45778Q107<br>LEI: 5299000Q0KW7HY5DB751 | Long             | EC               | CORP              | US        |      8496 | NS      | $552324.96    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertiv Holdings Co                         | Vertiv Holdings Co                                         | CUSIP: 92537N108<br>LEI: 549300KTTIRAOGXCRV69 | Long             | EC               | CORP              | US        |     85536 | NS      | $7303063.68   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Comfort Systems USA Inc                    | Comfort Systems USA Inc                                    | CUSIP: 199908104<br>LEI: 5299009DT1ZA5HTU6R38 | Long             | EC               | CORP              | US        |      8539 | NS      | $3394679.45   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Arcosa Inc                                 | Arcosa Inc                                                 | CUSIP: 039653100<br>LEI: 549300WFHLTCZV7D6V29 | Long             | EC               | CORP              | US        |     11782 | NS      | $943384.74    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Regal Rexnord Corp                         | Regal Rexnord Corp                                         | CUSIP: 758750103<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | EC               | CORP              | US        |     15875 | NS      | $1680210.00   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| CRA International Inc                      | CRA International Inc                                      | CUSIP: 12618T105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1652 | NS      | $267954.40    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Axon Enterprise Inc                        | Axon Enterprise Inc                                        | CUSIP: 05464C101<br>LEI: 549300QP2IEEGFE16681 | Long             | EC               | CORP              | US        |     17377 | NS      | $10657314.10  | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Standardaero Inc                           | Standardaero Inc                                           | CUSIP: 85423L103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     27569 | NS      | $744914.38    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Rockwell Automation Inc                    | Rockwell Automation Inc                                    | CUSIP: 773903109<br>LEI: VH3R4HHBHH12O0EXZJ88 | Long             | EC               | CORP              | US        |     27077 | NS      | $6706431.36   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Array Technologies Inc                     | Array Technologies Inc                                     | CUSIP: 04271T100<br>LEI: 549300JM5FECYJQ85V37 | Long             | EC               | CORP              | US        |     36367 | NS      | $173834.26    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Watts Water Technologies Inc               | Watts Water Technologies Inc                               | CUSIP: 942749102<br>LEI: 549300REJOO94ERQN318 | Long             | EC               | CORP              | US        |      6549 | NS      | $1360554.75   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Huron Consulting Group Inc                 | Huron Consulting Group Inc                                 | CUSIP: 447462102<br>LEI: 549300NGVB9H6TKTLE36 | Long             | EC               | CORP              | US        |      4241 | NS      | $571644.39    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Rocket Lab USA Inc                         | Rocket Lab USA Inc                                         | CUSIP: 773122106<br>LEI: 254900B4DEYFZJ980A14 | Long             | EC               | CORP              | US        |     80900 | NS      | $1762811.00   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Huntington Ingalls Industries Inc          | Huntington Ingalls Industries Inc                          | CUSIP: 446413106<br>LEI: 5TZLZ6WJTBVJ0QWBG121 | Long             | EC               | CORP              | US        |      9357 | NS      | $2155291.38   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Trane Technologies PLC                     | Trane Technologies PLC                                     | CUSIP: 000000000<br>LEI: 549300BURLR9SLYY2705 | Long             | EC               | CORP              | IE        |     53980 | NS      | $20691073.80  | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Enviri Corp                                | Enviri Corp                                                | CUSIP: 415864107<br>LEI: KAO98FK89NPNNPQGUZ43 | Long             | EC               | CORP              | US        |     19281 | NS      | $132460.47    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| AECOM                                      | AECOM                                                      | CUSIP: 00766T100<br>LEI: 0EEB8GF0W0NPCIHZX097 | Long             | EC               | CORP              | US        |     31868 | NS      | $3143778.20   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| NuScale Power Corp                         | NuScale Power Corp                                         | CUSIP: 67079K100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     24825 | NS      | $411350.25    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson Controls International plc         | Johnson Controls International plc                         | CUSIP: 000000000<br>LEI: 549300XQ6S1GYKGBL205 | Long             | EC               | CORP              | IE        |    158847 | NS      | $13327263.30  | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Standex International Corp                 | Standex International Corp                                 | CUSIP: 854231107<br>LEI: RCX52GR0JW2LRRMH9Z54 | Long             | EC               | CORP              | US        |      2851 | NS      | $403188.42    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Waste Management Inc                       | Waste Management Inc                                       | CUSIP: 94106L109<br>LEI: 549300YX8JIID70NFS41 | Long             | EC               | CORP              | US        |     96280 | NS      | $22467900.80  | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Saia Inc                                   | Saia Inc                                                   | CUSIP: 78709Y105<br>LEI: 549300WNPG4N9GBOYB29 | Long             | EC               | CORP              | US        |      6368 | NS      | $1553792.00   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Hubbell Inc                                | Hubbell Inc                                                | CUSIP: 443510607<br>LEI: 54930088VDQ6840Y6597 | Long             | EC               | CORP              | US        |     12870 | NS      | $4674126.60   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Fluor Corp                                 | Fluor Corp                                                 | CUSIP: 343412102<br>LEI: CQ7WZ4NOFWT7FAE6Q943 | Long             | EC               | CORP              | US        |     41146 | NS      | $1435583.94   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| ICF International Inc                      | ICF International Inc                                      | CUSIP: 44925C103<br>LEI: 5493003KYFDDC5B3WY64 | Long             | EC               | CORP              | US        |      4557 | NS      | $387162.72    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Kennametal Inc                             | Kennametal Inc                                             | CUSIP: 489170100<br>LEI: 549300GZDSG25XUV0Y08 | Long             | EC               | CORP              | US        |     17558 | NS      | $342029.84    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| WNS Holdings Ltd                           | WNS Holdings Ltd                                           | CUSIP: 000000000<br>LEI: 529900RM7QHUD3W9DM42 | Long             | EC               | CORP              | JE        |      9604 | NS      | $581234.08    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuitive Machines Inc                     | Intuitive Machines Inc                                     | CUSIP: 46125A100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     20026 | NS      | $164213.20    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Eos Energy Enterprises Inc                 | Eos Energy Enterprises Inc                                 | CUSIP: 29415C101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     52305 | NS      | $273032.10    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Dayforce Inc                               | Dayforce Inc                                               | CUSIP: 15677J108<br>LEI: 549300T64GVCHFJ8L449 | Long             | EC               | CORP              | US        |     35994 | NS      | $2082972.78   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Xometry Inc                                | Xometry Inc                                                | CUSIP: 98423F109<br>LEI: 5493006JFRGU7YRRXE44 | Long             | EC               | CORP              | US        |     10130 | NS      | $259733.20    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Resideo Technologies Inc                   | Resideo Technologies Inc                                   | CUSIP: 76118Y104<br>LEI: 5493006TKFPYISY2DS54 | Long             | EC               | CORP              | US        |     35150 | NS      | $589817.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Bloom Energy Corp                          | Bloom Energy Corp                                          | CUSIP: 093712107<br>LEI: 549300XB5J9BFW5JXV97 | Long             | EC               | CORP              | US        |     49186 | NS      | $901087.52    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Insteel Industries Inc                     | Insteel Industries Inc                                     | CUSIP: 45774W108<br>LEI: 52990026LKY4MOX3L174 | Long             | EC               | CORP              | US        |      4327 | NS      | $146728.57    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Joby Aviation Inc                          | Joby Aviation Inc                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     45955 | NS      | $289516.50    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Zurn Elkay Water Solutions Corp            | Zurn Elkay Water Solutions Corp                            | CUSIP: 98983L108<br>LEI: 549300AM3633XDFU1Q85 | Long             | EC               | CORP              | US        |     34659 | NS      | $1177019.64   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| EMCOR Group Inc                            | EMCOR Group Inc                                            | CUSIP: 29084Q100<br>LEI: 529900X0SQJB2J7YDU43 | Long             | EC               | CORP              | US        |     11021 | NS      | $4416114.70   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| CSG Systems International Inc              | CSG Systems International Inc                              | CUSIP: 126349109<br>LEI: 549300D7FJZUOHHXUA81 | Long             | EC               | CORP              | US        |      6917 | NS      | $415919.21    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Quanta Services Inc                        | Quanta Services Inc                                        | CUSIP: 74762E102<br>LEI: SHVRXXEACT60MMH07S24 | Long             | EC               | CORP              | US        |     35409 | NS      | $10363860.21  | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Lyft Inc                                   | Lyft Inc                                                   | CUSIP: 55087P104<br>LEI: 549300H7I5VN334XVZ52 | Long             | EC               | CORP              | US        |     97613 | NS      | $1210401.20   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Robert Half Inc                            | Robert Half Inc                                            | CUSIP: 770323103<br>LEI: 529900VPCUY9H3HLIC08 | Long             | EC               | CORP              | US        |     24707 | NS      | $1094520.10   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| American Airlines Group Inc                | American Airlines Group Inc                                | CUSIP: 02376R102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     39340 | NS      | $391433.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| GMS Inc                                    | GMS Inc                                                    | CUSIP: 36251C103<br>LEI: 52990057RENOQO4U0D72 | Long             | EC               | CORP              | US        |      9260 | NS      | $678387.60    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| DNOW Inc                                   | DNOW Inc                                                   | CUSIP: 67011P100<br>LEI: 549300AVH5SOCFVVDW91 | Long             | EC               | CORP              | US        |     25206 | NS      | $400019.22    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| MYR Group Inc                              | MYR Group Inc                                              | CUSIP: 55405W104<br>LEI: 529900G1IMMZHOQ17I54 | Long             | EC               | CORP              | US        |      3839 | NS      | $469586.48    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Stanley Black & Decker Inc                 | Stanley Black & Decker Inc                                 | CUSIP: 854502101<br>LEI: 549300DJ09SMTO561131 | Long             | EC               | CORP              | US        |     37015 | NS      | $2221640.30   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| REV Group Inc                              | REV Group Inc                                              | CUSIP: 749527107<br>LEI: 549300SRD0SIG5ZZ3X20 | Long             | EC               | CORP              | US        |     11884 | NS      | $388606.80    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| TransUnion                                 | TransUnion                                                 | CUSIP: 89400J107<br>LEI: 549300ZS772LUNUMRB03 | Long             | EC               | CORP              | US        |     46714 | NS      | $3875393.44   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| PACCAR Inc                                 | PACCAR Inc                                                 | CUSIP: 693718108<br>LEI: KDTEY8BWE486IKZ3CC07 | Long             | EC               | CORP              | US        |    125770 | NS      | $11345711.70  | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Simpson Manufacturing Co Inc               | Simpson Manufacturing Co Inc                               | CUSIP: 829073105<br>LEI: 529900EJUNNL15LZ8056 | Long             | EC               | CORP              | US        |     10080 | NS      | $1549195.20   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Columbus McKinnon Corp/NY                  | Columbus McKinnon Corp/NY                                  | CUSIP: 199333105<br>LEI: 549300W3HQB0HO1F3G69 | Long             | EC               | CORP              | US        |      7101 | NS      | $105449.85    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Plug Power Inc                             | Plug Power Inc                                             | CUSIP: 72919P202<br>LEI: 549300JPDKRSJ8JSM954 | Long             | EC               | CORP              | US        |    180478 | NS      | $157485.10    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Titan International Inc                    | Titan International Inc                                    | CUSIP: 88830M102<br>LEI: 254900CXRGBE7C4B5A06 | Long             | EC               | CORP              | US        |     12530 | NS      | $92095.50     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| BlueLinx Holdings Inc                      | BlueLinx Holdings Inc                                      | CUSIP: 09624H208<br>LEI: 549300YSX7GU28F5I540 | Long             | EC               | CORP              | US        |      1949 | NS      | $126957.86    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Flowserve Corp                             | Flowserve Corp                                             | CUSIP: 34354P105<br>LEI: 6Y0GK87T6V7NJKZJVM41 | Long             | EC               | CORP              | US        |     31426 | NS      | $1421397.98   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Planet Labs PBC                            | Planet Labs PBC                                            | CUSIP: 72703X106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     50660 | NS      | $166671.40    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Amentum Holdings Inc                       | Amentum Holdings Inc                                       | CUSIP: 023939101<br>LEI: 2549009FJIBLW40CU216 | Long             | EC               | CORP              | US        |     32308 | NS      | $704960.56    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Alaska Air Group Inc                       | Alaska Air Group Inc                                       | CUSIP: 011659109<br>LEI: 529900G48RT4KWLC6C27 | Long             | EC               | CORP              | US        |      7539 | NS      | $333751.53    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Centuri Holdings Inc                       | Centuri Holdings Inc                                       | CUSIP: 155923105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3190 | NS      | $57292.40     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Hertz Global Holdings Inc                  | Hertz Global Holdings Inc                                  | CUSIP: 42806J700<br>LEI: 549300NBK3K85MH1EX16 | Long             | EC               | CORP              | US        |     29511 | NS      | $201265.02    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Heartland Express Inc                      | Heartland Express Inc                                      | CUSIP: 422347104<br>LEI: 5299005V45FZIQGLOG39 | Long             | EC               | CORP              | US        |     12132 | NS      | $92203.20     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Deluxe Corp                                | Deluxe Corp                                                | CUSIP: 248019101<br>LEI: KWGNKB8TX9LE5TV29231 | Long             | EC               | CORP              | US        |     10868 | NS      | $158672.80    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Carlisle Cos Inc                           | Carlisle Cos Inc                                           | CUSIP: 142339100<br>LEI: XR64VGX1ZPX6G7ZN7Z11 | Long             | EC               | CORP              | US        |     10854 | NS      | $4118875.92   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| GATX Corp                                  | GATX Corp                                                  | CUSIP: 361448103<br>LEI: 549300IHYHCQP2PIR591 | Long             | EC               | CORP              | US        |      8071 | NS      | $1178043.16   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Kirby Corp                                 | Kirby Corp                                                 | CUSIP: 497266106<br>LEI: I7NO6FZO5GUCG585T325 | Long             | EC               | CORP              | US        |      3461 | NS      | $333536.57    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| BWX Technologies Inc                       | BWX Technologies Inc                                       | CUSIP: 05605H100<br>LEI: 549300NP85N265KWMS58 | Long             | EC               | CORP              | US        |     21877 | NS      | $2387218.24   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| ESCO Technologies Inc                      | ESCO Technologies Inc                                      | CUSIP: 296315104<br>LEI: 5493007JJLP5MEWVDH10 | Long             | EC               | CORP              | US        |      6151 | NS      | $962323.95    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Construction Partners Inc                  | Construction Partners Inc                                  | CUSIP: 21044C107<br>LEI: 549300MHLFL4E8JLZU44 | Long             | EC               | CORP              | US        |     11283 | NS      | $926785.62    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| SPX Technologies Inc                       | SPX Technologies Inc                                       | CUSIP: 78473E103<br>LEI: P761FCI0CPOG24I8JE10 | Long             | EC               | CORP              | US        |     11101 | NS      | $1489199.15   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| TransDigm Group Inc                        | TransDigm Group Inc                                        | CUSIP: 893641100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     13488 | NS      | $19059488.16  | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Dycom Industries Inc                       | Dycom Industries Inc                                       | CUSIP: 267475101<br>LEI: 549300F56EKTHQI3WT60 | Long             | EC               | CORP              | US        |      6968 | NS      | $1167488.40   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| First Advantage Corp                       | First Advantage Corp                                       | CUSIP: 31846B108<br>LEI: 549300RNJ0PXU8FP7D06 | Long             | EC               | CORP              | US        |     18487 | NS      | $260666.70    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Douglas Dynamics Inc                       | Douglas Dynamics Inc                                       | CUSIP: 25960R105<br>LEI: 529900CDFLKNQ0QT6580 | Long             | EC               | CORP              | US        |      5417 | NS      | $129899.66    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Xylem Inc/NY                               | Xylem Inc/NY                                               | CUSIP: 98419M100<br>LEI: 549300DF5MV96DRYLQ48 | Long             | EC               | CORP              | US        |     58279 | NS      | $7026699.03   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Republic Services Inc                      | Republic Services Inc                                      | CUSIP: 760759100<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | EC               | CORP              | US        |     52584 | NS      | $13185438.00  | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| MSA Safety Inc                             | MSA Safety Inc                                             | CUSIP: 553498106<br>LEI: 529900DVA3258XK11O39 | Long             | EC               | CORP              | US        |      9007 | NS      | $1417881.94   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Matson Inc                                 | Matson Inc                                                 | CUSIP: 57686G105<br>LEI: 549300OI5H3Y0I9I4I12 | Long             | EC               | CORP              | US        |      2054 | NS      | $224070.86    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Southwest Airlines Co                      | Southwest Airlines Co                                      | CUSIP: 844741108<br>LEI: UDTZ87G0STFETI6HGH41 | Long             | EC               | CORP              | US        |     36159 | NS      | $1011005.64   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Booz Allen Hamilton Holding Corp           | Booz Allen Hamilton Holding Corp                           | CUSIP: 099502106<br>LEI: 529900JPV47PIUWMA015 | Long             | EC               | CORP              | US        |     30698 | NS      | $3684373.96   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Schneider National Inc                     | Schneider National Inc                                     | CUSIP: 80689H102<br>LEI: 529900V6GZ6G6E3BLV72 | Long             | EC               | CORP              | US        |     13414 | NS      | $288266.86    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Symbotic Inc                               | Symbotic Inc                                               | CUSIP: 87151X101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10295 | NS      | $222166.10    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| AeroVironment Inc                          | AeroVironment Inc                                          | CUSIP: 008073108<br>LEI: 529900PGHVI29YLZ6221 | Long             | EC               | CORP              | US        |      6722 | NS      | $1018517.44   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| HEICO Corp                                 | HEICO Corp                                                 | CUSIP: 422806109<br>LEI: 529900O1DTDLCJ7L0I14 | Long             | EC               | CORP              | US        |     10550 | NS      | $2645518.00   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Mueller Water Products Inc                 | Mueller Water Products Inc                                 | CUSIP: 624758108<br>LEI: 549300F7ZU4P1F8V8L60 | Long             | EC               | CORP              | US        |     37766 | NS      | $990979.84    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Griffon Corp                               | Griffon Corp                                               | CUSIP: 398433102<br>LEI: 5493000C2SGNC7ZN3242 | Long             | EC               | CORP              | US        |      9192 | NS      | $626067.12    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Knight-Swift Transportation Holdings Inc   | Knight-Swift Transportation Holdings Inc                   | CUSIP: 499049104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     38837 | NS      | $1521245.29   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| SS&C Technologies Holdings Inc             | SS&C Technologies Holdings Inc                             | CUSIP: 78467J100<br>LEI: 529900POY8H7NPPNKK71 | Long             | EC               | CORP              | US        |     53405 | NS      | $4037418.00   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortune Brands Innovations Inc             | Fortune Brands Innovations Inc                             | CUSIP: 34964C106<br>LEI: 54930032LHW54PQUJD44 | Long             | EC               | CORP              | US        |     29838 | NS      | $1605881.16   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Rush Enterprises Inc                       | Rush Enterprises Inc                                       | CUSIP: 781846209<br>LEI: 529900V3XHTN7A6DFT17 | Long             | EC               | CORP              | US        |     15028 | NS      | $766277.72    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| GEO Group Inc/The                          | GEO Group Inc/The                                          | CUSIP: 36162J106<br>LEI: 54930024XOXET7NQVZ63 | Long             | EC               | CORP              | US        |     33714 | NS      | $1054573.92   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Covenant Logistics Group Inc               | Covenant Logistics Group Inc                               | CUSIP: 22284P105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3800 | NS      | $75620.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Jacobs Solutions Inc                       | Jacobs Solutions Inc                                       | CUSIP: 46982L108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     29750 | NS      | $3683050.00   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| FedEx Corp                                 | FedEx Corp                                                 | CUSIP: 31428X106<br>LEI: 549300E707U7WNPZN687 | Long             | EC               | CORP              | US        |     54886 | NS      | $11544172.38  | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Veralto Corp                               | Veralto Corp                                               | CUSIP: 92338C103<br>LEI: 635400FJE6GSOJUSNY27 | Long             | EC               | CORP              | US        |     59405 | NS      | $5696939.50   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Clarivate PLC                              | Clarivate PLC                                              | CUSIP: 000000000<br>LEI: 549300WDHIIODXFO0R55 | Long             | EC               | CORP              | JE        |     75811 | NS      | $326745.41    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| AAR Corp                                   | AAR Corp                                                   | CUSIP: 000361105<br>LEI: MP76T5YQX3YK5VVAQ802 | Long             | EC               | CORP              | US        |      8695 | NS      | $464834.70    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Masterbrand Inc                            | Masterbrand Inc                                            | CUSIP: 57638P104<br>LEI: 549300E0Y4BR5Z9RDZ64 | Long             | EC               | CORP              | US        |     30580 | NS      | $371547.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| CECO Environmental Corp                    | CECO Environmental Corp                                    | CUSIP: 125141101<br>LEI: 5493002CZCTL4HGLIY91 | Long             | EC               | CORP              | US        |      7121 | NS      | $169408.59    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Paylocity Holding Corp                     | Paylocity Holding Corp                                     | CUSIP: 70438V106<br>LEI: 549300VH75FTB4DIEE07 | Long             | EC               | CORP              | US        |     10672 | NS      | $2050091.20   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Albany International Corp                  | Albany International Corp                                  | CUSIP: 012348108<br>LEI: L73WCPNCZIRSQGZTW097 | Long             | EC               | CORP              | US        |      7555 | NS      | $496816.80    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Crane Co                                   | Crane Co                                                   | CUSIP: 224408104<br>LEI: 5493000CQRQOTHUODL75 | Long             | EC               | CORP              | US        |     11645 | NS      | $1874612.10   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Werner Enterprises Inc                     | Werner Enterprises Inc                                     | CUSIP: 950755108<br>LEI: 549300P6XRGOCHHJST37 | Long             | EC               | CORP              | US        |     14910 | NS      | $367680.60    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Hillenbrand Inc                            | Hillenbrand Inc                                            | CUSIP: 431571108<br>LEI: U246OE781574J2BUD366 | Long             | EC               | CORP              | US        |     16922 | NS      | $342332.06    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Parker-Hannifin Corp                       | Parker-Hannifin Corp                                       | CUSIP: 701094104<br>LEI: 5493002CONDB4N2HKI23 | Long             | EC               | CORP              | US        |     30878 | NS      | $18683042.68  | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Fluence Energy Inc                         | Fluence Energy Inc                                         | CUSIP: 34379V103<br>LEI: 25490043LHZ97BT5PP29 | Long             | EC               | CORP              | US        |     15568 | NS      | $63673.12     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Sterling Infrastructure Inc                | Sterling Infrastructure Inc                                | CUSIP: 859241101<br>LEI: 549300RZIK6K1215XU51 | Long             | EC               | CORP              | US        |      7390 | NS      | $1104287.70   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| CSX Corp                                   | CSX Corp                                                   | CUSIP: 126408103<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | EC               | CORP              | US        |    462595 | NS      | $12985041.65  | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Verra Mobility Corp                        | Verra Mobility Corp                                        | CUSIP: 92511U102<br>LEI: 549300XX5EKGLR0M4152 | Long             | EC               | CORP              | US        |     39596 | NS      | $863192.80    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Korn Ferry                                 | Korn Ferry                                                 | CUSIP: 500643200<br>LEI: 549300FOD20OM0GT5G40 | Long             | EC               | CORP              | US        |     12297 | NS      | $758724.90    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| ABM Industries Inc                         | ABM Industries Inc                                         | CUSIP: 000957100<br>LEI: QF02R89VEIOROM77J447 | Long             | EC               | CORP              | US        |     15067 | NS      | $734365.58    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Genco Shipping & Trading Ltd               | Genco Shipping & Trading Ltd                               | CUSIP: 000000000<br>LEI: 5493003MBZ5GU8QHXZ58 | Long             | EC               | CORP              | MH        |     10049 | NS      | $130235.04    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Rollins Inc                                | Rollins Inc                                                | CUSIP: 775711104<br>LEI: 549300F2A0BXT4SGWD84 | Long             | EC               | CORP              | US        |     69857 | NS      | $3990930.41   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Acuity Inc                                 | Acuity Inc                                                 | CUSIP: 00508Y102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7417 | NS      | $1806855.37   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| National Presto Industries Inc             | National Presto Industries Inc                             | CUSIP: 637215104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1365 | NS      | $115137.75    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Ducommun Inc                               | Ducommun Inc                                               | CUSIP: 264147109<br>LEI: 549300Z71HMWF90S2214 | Long             | EC               | CORP              | US        |      3196 | NS      | $183194.72    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Curtiss-Wright Corp                        | Curtiss-Wright Corp                                        | CUSIP: 231561101<br>LEI: TEL51ETZWP7D0ZM4X325 | Long             | EC               | CORP              | US        |      9117 | NS      | $3144362.13   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Marten Transport Ltd                       | Marten Transport Ltd                                       | CUSIP: 573075108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     14310 | NS      | $183740.40    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Watsco Inc                                 | Watsco Inc                                                 | CUSIP: 942622200<br>LEI: 549300F1Y3LN5BX5WN75 | Long             | EC               | CORP              | US        |      8351 | NS      | $3840123.84   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Trinity Industries Inc                     | Trinity Industries Inc                                     | CUSIP: 896522109<br>LEI: R1JB4KXN77XFCXOQKV49 | Long             | EC               | CORP              | US        |     19793 | NS      | $496804.30    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Middleby Corp/The                          | Middleby Corp/The                                          | CUSIP: 596278101<br>LEI: JDFO86U9VQRBKW5KYA35 | Long             | EC               | CORP              | US        |     12922 | NS      | $1723148.70   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Helios Technologies Inc                    | Helios Technologies Inc                                    | CUSIP: 42328H109<br>LEI: 5493000BCJSMIDRNTI78 | Long             | EC               | CORP              | US        |      8141 | NS      | $221923.66    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| CoreCivic Inc                              | CoreCivic Inc                                              | CUSIP: 21871N101<br>LEI: 529900JFA3K6PTLT8B15 | Long             | EC               | CORP              | US        |     26620 | NS      | $602676.80    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| General Electric Co                        | General Electric Co                                        | CUSIP: 369604301<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | EC               | CORP              | US        |    259624 | NS      | $52324620.96  | 4.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Deere & Co                                 | Deere & Co                                                 | CUSIP: 244199105<br>LEI: PWFTNG3EI0Y73OXWDH08 | Long             | EC               | CORP              | US        |     62065 | NS      | $28770851.40  | 2.33%             |  |  |  | No            |                  1 | On Loan: No      |
| BrightView Holdings Inc                    | BrightView Holdings Inc                                    | CUSIP: 10948C107<br>LEI: 549300F8QN8YHVI7L866 | Long             | EC               | CORP              | US        |     14835 | NS      | $203536.20    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Hayward Holdings Inc                       | Hayward Holdings Inc                                       | CUSIP: 421298100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     46581 | NS      | $620924.73    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Illinois Tool Works Inc                    | Illinois Tool Works Inc                                    | CUSIP: 452308109<br>LEI: 76NA4I14SZCFAYMNSV04 | Long             | EC               | CORP              | US        |     70838 | NS      | $16994744.58  | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| ITT Inc                                    | ITT Inc                                                    | CUSIP: 45073V108<br>LEI: 549300KDSERHTJOXUS80 | Long             | EC               | CORP              | US        |     19557 | NS      | $2679700.14   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Waste Connections Inc                      | Waste Connections Inc                                      | CUSIP: 94106B101<br>LEI: 549300HDLRTPBQU69P29 | Long             | EC               | CORP              | CA        |     62028 | NS      | $12258593.64  | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Transcat Inc                               | Transcat Inc                                               | CUSIP: 893529107<br>LEI: 54930081E40TSSHUOS40 | Long             | EC               | CORP              | US        |      2208 | NS      | $175160.64    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ArcBest Corp                               | ArcBest Corp                                               | CUSIP: 03937C105<br>LEI: 5493006S3KBNE8ZS3J23 | Long             | EC               | CORP              | US        |      5686 | NS      | $332744.72    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| RTX Corp                                   | RTX Corp                                                   | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               | CORP              | US        |    319288 | NS      | $40271795.44  | 3.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Alight Inc                                 | Alight Inc                                                 | CUSIP: 01626W101<br>LEI: 549300600ESCO1HTVN74 | Long             | EC               | CORP              | US        |    101343 | NS      | $517862.73    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| UFP Industries Inc                         | UFP Industries Inc                                         | CUSIP: 90278Q108<br>LEI: 5493007KB485C9OV5572 | Long             | EC               | CORP              | US        |     14590 | NS      | $1442221.50   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Boeing Co/The                              | Boeing Co/The                                              | CUSIP: 097023105<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | EC               | CORP              | US        |    179476 | NS      | $32887182.24  | 2.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Gorman-Rupp Co/The                         | Gorman-Rupp Co/The                                         | CUSIP: 383082104<br>LEI: 254900WVLPOIWPGJPA07 | Long             | EC               | CORP              | US        |      4992 | NS      | $179013.12    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| GE Vernova Inc                             | GE Vernova Inc                                             | CUSIP: 36828A101<br>LEI: 254900DP080RU6OK2553 | Long             | EC               | CORP              | US        |     66125 | NS      | $24520472.50  | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Esab Corp                                  | Esab Corp                                                  | CUSIP: 29605J106<br>LEI: 549300ZNV0SWBXEIWT04 | Long             | EC               | CORP              | US        |     13780 | NS      | $1655253.60   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Hillman Solutions Corp                     | Hillman Solutions Corp                                     | CUSIP: 431636109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     47278 | NS      | $330473.22    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Landstar System Inc                        | Landstar System Inc                                        | CUSIP: 515098101<br>LEI: 254900CUQXQRL09MEI52 | Long             | EC               | CORP              | US        |      8524 | NS      | $1143494.60   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Hyster-Yale Inc                            | Hyster-Yale Inc                                            | CUSIP: 449172105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2067 | NS      | $79434.81     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Proto Labs Inc                             | Proto Labs Inc                                             | CUSIP: 743713109<br>LEI: 529900QHG5MGWT2WQQ09 | Long             | EC               | CORP              | US        |      5882 | NS      | $206811.12    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Dover Corp                                 | Dover Corp                                                 | CUSIP: 260003108<br>LEI: 549300FMC2ALGA7N9E80 | Long             | EC               | CORP              | US        |     32891 | NS      | $5612849.15   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| ACV Auctions Inc                           | ACV Auctions Inc                                           | CUSIP: 00091G104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     36733 | NS      | $539607.77    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Mueller Industries Inc                     | Mueller Industries Inc                                     | CUSIP: 624756102<br>LEI: 5493005IZFE4VJLLYG84 | Long             | EC               | CORP              | US        |     25822 | NS      | $1899466.32   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Carrier Global Corp                        | Carrier Global Corp                                        | CUSIP: 14448C104<br>LEI: 549300JE3W6CWY2NAN77 | Long             | EC               | CORP              | US        |    193706 | NS      | $12114373.24  | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Pitney Bowes Inc                           | Pitney Bowes Inc                                           | CUSIP: 724479100<br>LEI: 549300N2O26NW4ST6W55 | Long             | EC               | CORP              | US        |     18240 | NS      | $158323.20    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Alamo Group Inc                            | Alamo Group Inc                                            | CUSIP: 011311107<br>LEI: 54930080C93RVZRSDV26 | Long             | EC               | CORP              | US        |      2478 | NS      | $413776.44    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Concentrix Corp                            | Concentrix Corp                                            | CUSIP: 20602D101<br>LEI: 5493000EAJN1KMPVA737 | Long             | EC               | CORP              | US        |      9213 | NS      | $470415.78    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Emerson Electric Co                        | Emerson Electric Co                                        | CUSIP: 291011104<br>LEI: FGLT0EWZSUIRRITFOA30 | Long             | EC               | CORP              | US        |    136622 | NS      | $14360338.42  | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| JB Hunt Transport Services Inc             | JB Hunt Transport Services Inc                             | CUSIP: 445658107<br>LEI: 549300XCD1MPI1C5GK90 | Long             | EC               | CORP              | US        |     19380 | NS      | $2530640.40   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Tennant Co                                 | Tennant Co                                                 | CUSIP: 880345103<br>LEI: JYAIRLT8DVP6DP8UT336 | Long             | EC               | CORP              | US        |      4309 | NS      | $310937.44    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Science Applications International Corp    | Science Applications International Corp                    | CUSIP: 808625107<br>LEI: 549300LZPNZIXQGZPZ48 | Long             | EC               | CORP              | US        |     11745 | NS      | $1421497.35   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Allegiant Travel Co                        | Allegiant Travel Co                                        | CUSIP: 01748X102<br>LEI: 549300JM9OZXOHWL2K18 | Long             | EC               | CORP              | US        |      1115 | NS      | $52326.95     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Spirit AeroSystems Holdings Inc            | Spirit AeroSystems Holdings Inc                            | CUSIP: 848574109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     28070 | NS      | $1010520.00   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Ferguson Enterprises Inc                   | Ferguson Enterprises Inc                                   | CUSIP: 31488V107<br>LEI: 2138003JYQMRP3SLX189 | Long             | EC               | CORP              | US        |     47962 | NS      | $8137232.92   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Cimpress PLC                               | Cimpress PLC                                               | CUSIP: 000000000<br>LEI: 549300X1IFD75XISOR81 | Long             | EC               | CORP              | IE        |      4001 | NS      | $168122.02    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Montrose Environmental Group Inc           | Montrose Environmental Group Inc                           | CUSIP: 615111101<br>LEI: 254900ASI8K3LUB8Q958 | Long             | EC               | CORP              | US        |      7830 | NS      | $114552.90    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Moog Inc                                   | Moog Inc                                                   | CUSIP: 615394202<br>LEI: 549300WM2I4U7OBAHG07 | Long             | EC               | CORP              | US        |      7022 | NS      | $1174429.50   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Driven Brands Holdings Inc                 | Driven Brands Holdings Inc                                 | CUSIP: 26210V102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     15618 | NS      | $258009.36    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Ingersoll Rand Inc                         | Ingersoll Rand Inc                                         | CUSIP: 45687V106<br>LEI: 5299004C02FMZCUOIR50 | Long             | EC               | CORP              | US        |     96675 | NS      | $7292195.25   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Caterpillar Inc                            | Caterpillar Inc                                            | CUSIP: 149123101<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | EC               | CORP              | US        |    115817 | NS      | $35818723.59  | 2.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Powell Industries Inc                      | Powell Industries Inc                                      | CUSIP: 739128106<br>LEI: 549300V08RO7MX2UBN26 | Long             | EC               | CORP              | US        |      2293 | NS      | $419871.23    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Casella Waste Systems Inc                  | Casella Waste Systems Inc                                  | CUSIP: 147448104<br>LEI: 8EU0XUFVJ48U37IIDH51 | Long             | EC               | CORP              | US        |     15048 | NS      | $1767387.60   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Willis Lease Finance Corp                  | Willis Lease Finance Corp                                  | CUSIP: 970646105<br>LEI: 54930023EP1OE5MKWF89 | Long             | EC               | CORP              | US        |       635 | NS      | $98247.20     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CBIZ Inc                                   | CBIZ Inc                                                   | CUSIP: 124805102<br>LEI: 529900D5X8CFM8O1N813 | Long             | EC               | CORP              | US        |     10804 | NS      | $735752.40    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Textron Inc                                | Textron Inc                                                | CUSIP: 883203101<br>LEI: 3PPKBHUG1HD6BO7RNR87 | Long             | EC               | CORP              | US        |     44571 | NS      | $3136461.27   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Global Advisors               | State Street Institutional Treasury Plus Money Market Fund | CUSIP: 857492862<br>LEI: 549300PNASLVKQG64331 | Long             | STIV             | RF                | US        |   3410000 | NS      | $3410000.00   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| NEXTracker Inc                             | NEXTracker Inc                                             | CUSIP: 65290E101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     34621 | NS      | $1405958.81   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Kratos Defense & Security Solutions Inc    | Kratos Defense & Security Solutions Inc                    | CUSIP: 50077B207<br>LEI: 5493000EKBN0UY1F3F88 | Long             | EC               | CORP              | US        |     36249 | NS      | $1224672.47   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| XPO Inc                                    | XPO Inc                                                    | CUSIP: 983793100<br>LEI: 54930096DB9LCLPN7H13 | Long             | EC               | CORP              | US        |     27871 | NS      | $2957670.52   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Otis Worldwide Corp                        | Otis Worldwide Corp                                        | CUSIP: 68902V107<br>LEI: 549300ZLBKR8VSU25153 | Long             | EC               | CORP              | US        |     95823 | NS      | $9224880.21   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Copart Inc                                 | Copart Inc                                                 | CUSIP: 217204106<br>LEI: 549300KVYX3JWMYEHU61 | Long             | EC               | CORP              | US        |    208021 | NS      | $12695521.63  | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Northrop Grumman Corp                      | Northrop Grumman Corp                                      | CUSIP: 666807102<br>LEI: RIMU48P07456QXSO0R61 | Long             | EC               | CORP              | US        |     33202 | NS      | $16152773.00  | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| LSI Industries Inc                         | LSI Industries Inc                                         | CUSIP: 50216C108<br>LEI: 529900HY42OANH6BVT33 | Long             | EC               | CORP              | US        |      6686 | NS      | $100891.74    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MSC Industrial Direct Co Inc               | MSC Industrial Direct Co Inc                               | CUSIP: 553530106<br>LEI: 0XVKH0LN6YGOWO2EGO17 | Long             | EC               | CORP              | US        |     10811 | NS      | $826825.28    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| U-Haul Holding Co                          | U-Haul Holding Co                                          | CUSIP: 023586506<br>LEI: 5493003WIDMLDHYC6Y24 | Long             | EC               | CORP              | US        |     23359 | NS      | $1280073.20   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameresco Inc                               | Ameresco Inc                                               | CUSIP: 02361E108<br>LEI: 529900NZXZGBCBXYY327 | Long             | EC               | CORP              | US        |      7877 | NS      | $83732.51     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CACI International Inc                     | CACI International Inc                                     | CUSIP: 127190304<br>LEI: SYRPI2D1O9WRTS2WX210 | Long             | EC               | CORP              | US        |      5359 | NS      | $2453725.33   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Verisk Analytics Inc                       | Verisk Analytics Inc                                       | CUSIP: 92345Y106<br>LEI: 549300I1YSWNIRKBWP67 | Long             | EC               | CORP              | US        |     33874 | NS      | $10041269.82  | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Quanex Building Products Corp              | Quanex Building Products Corp                              | CUSIP: 747619104<br>LEI: 5493000TL30VL5WOAW87 | Long             | EC               | CORP              | US        |     10276 | NS      | $168937.44    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| FTAI Infrastructure Inc                    | FTAI Infrastructure Inc                                    | CUSIP: 35953C106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     24516 | NS      | $105909.12    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Liquidity Services Inc                     | Liquidity Services Inc                                     | CUSIP: 53635B107<br>LEI: 5299002AZ4ULSAXN0G81 | Long             | EC               | CORP              | US        |      5665 | NS      | $180033.70    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Universal Logistics Holdings Inc           | Universal Logistics Holdings Inc                           | CUSIP: 91388P105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1923 | NS      | $41806.02     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| United Airlines Holdings Inc               | United Airlines Holdings Inc                               | CUSIP: 910047109<br>LEI: 98450079DA0B78DD6764 | Long             | EC               | CORP              | US        |     19754 | NS      | $1359470.28   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortive Corp                               | Fortive Corp                                               | CUSIP: 34959J108<br>LEI: 549300MU9YQJYHDQEF63 | Long             | EC               | CORP              | US        |     83190 | NS      | $5797511.10   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| UniFirst Corp/MA                           | UniFirst Corp/MA                                           | CUSIP: 904708104<br>LEI: 5493003XBTNWBC8UK019 | Long             | EC               | CORP              | US        |      3591 | NS      | $640885.77    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Lennox International Inc                   | Lennox International Inc                                   | CUSIP: 526107107<br>LEI: S7DWAC87RDMPBF77GJ92 | Long             | EC               | CORP              | US        |      7681 | NS      | $4199586.75   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Interface Inc                              | Interface Inc                                              | CUSIP: 458665304<br>LEI: 549300VXZWQOIDFPU355 | Long             | EC               | CORP              | US        |     14354 | NS      | $269855.20    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| HEICO Corp                                 | HEICO Corp                                                 | CUSIP: 422806208<br>LEI: 529900O1DTDLCJ7L0I14 | Long             | EC               | CORP              | US        |     18095 | NS      | $3635828.35   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Builders FirstSource Inc                   | Builders FirstSource Inc                                   | CUSIP: 12008R107<br>LEI: 549300W0SKP6L3H7DP63 | Long             | EC               | CORP              | US        |     27650 | NS      | $3307769.50   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| TriNet Group Inc                           | TriNet Group Inc                                           | CUSIP: 896288107<br>LEI: 5299003FJVBETSFKE990 | Long             | EC               | CORP              | US        |      7802 | NS      | $611130.66    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| SkyWest Inc                                | SkyWest Inc                                                | CUSIP: 830879102<br>LEI: 529900UYS2KGS6Z42P09 | Long             | EC               | CORP              | US        |      2458 | NS      | $219179.86    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Healthcare Services Group Inc              | Healthcare Services Group Inc                              | CUSIP: 421906108<br>LEI: 529900GVZ1D2FBYMS719 | Long             | EC               | CORP              | US        |     17674 | NS      | $251147.54    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Howmet Aerospace Inc                       | Howmet Aerospace Inc                                       | CUSIP: 443201108<br>LEI: 549300HO5WFZUT5N2T22 | Long             | EC               | CORP              | US        |     92582 | NS      | $12830013.56  | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Redwire Corp                               | Redwire Corp                                               | CUSIP: 75776W103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6395 | NS      | $68938.10     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Automatic Data Processing Inc              | Automatic Data Processing Inc                              | CUSIP: 053015103<br>LEI: HGBOLILQXWER4SAL2I23 | Long             | EC               | CORP              | US        |     97743 | NS      | $29381545.80  | 2.37%             |  |  |  | No            |                  1 | On Loan: No      |
| JBT Marel Corp                             | JBT Marel Corp                                             | CUSIP: 477839104<br>LEI: 5493007CT6ATBZ2L6826 | Long             | EC               | CORP              | US        |     11099 | NS      | $1168280.74   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Great Lakes Dredge & Dock Corp             | Great Lakes Dredge & Dock Corp                             | CUSIP: 390607109<br>LEI: 549300H65E3MZ1CX0P05 | Long             | EC               | CORP              | US        |     16487 | NS      | $149866.83    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Apogee Enterprises Inc                     | Apogee Enterprises Inc                                     | CUSIP: 037598109<br>LEI: 549300579S7QW8V4IJ60 | Long             | EC               | CORP              | US        |      5310 | NS      | $210647.70    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Brady Corp                                 | Brady Corp                                                 | CUSIP: 104674106<br>LEI: 549300G2LEQOFQC8GY34 | Long             | EC               | CORP              | US        |     10590 | NS      | $744371.10    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Limbach Holdings Inc                       | Limbach Holdings Inc                                       | CUSIP: 53263P105<br>LEI: 254900EW8KXT5ZTWQI30 | Long             | EC               | CORP              | US        |      2434 | NS      | $233031.16    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal Signal Corp                        | Federal Signal Corp                                        | CUSIP: 313855108<br>LEI: 549300RTXZRPTNP6G884 | Long             | EC               | CORP              | US        |     14628 | NS      | $1191158.04   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Clean Harbors Inc                          | Clean Harbors Inc                                          | CUSIP: 184496107<br>LEI: 5493000SJVZVZJKHJF48 | Long             | EC               | CORP              | US        |     12323 | NS      | $2636382.62   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Enerpac Tool Group Corp                    | Enerpac Tool Group Corp                                    | CUSIP: 292765104<br>LEI: IZW37BPZKUJE1QXGB081 | Long             | EC               | CORP              | US        |     12921 | NS      | $521620.77    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Matthews International Corp                | Matthews International Corp                                | CUSIP: 577128101<br>LEI: 549300ZVC5O0ATML6U61 | Long             | EC               | CORP              | US        |      7069 | NS      | $144561.05    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| WW Grainger Inc                            | WW Grainger Inc                                            | CUSIP: 384802104<br>LEI: 549300TWZSP6O1IH2V34 | Long             | EC               | CORP              | US        |     10514 | NS      | $10769595.34  | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Equifax Inc                                | Equifax Inc                                                | CUSIP: 294429105<br>LEI: 5493004MCF8JDC86VS77 | Long             | EC               | CORP              | US        |     29752 | NS      | $7739387.76   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Hexcel Corp                                | Hexcel Corp                                                | CUSIP: 428291108<br>LEI: S6Q7LW43WUBUHXY2QP69 | Long             | EC               | CORP              | US        |     19461 | NS      | $943274.67    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| FTAI Aviation Ltd                          | FTAI Aviation Ltd                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     24568 | NS      | $2631478.48   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Triumph Group Inc                          | Triumph Group Inc                                          | CUSIP: 896818101<br>LEI: 5493007L6S47Q14SL582 | Long             | EC               | CORP              | US        |     17650 | NS      | $448310.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Astec Industries Inc                       | Astec Industries Inc                                       | CUSIP: 046224101<br>LEI: 5493002DO2QKHLKB2A48 | Long             | EC               | CORP              | US        |      4931 | NS      | $178650.13    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Tutor Perini Corp                          | Tutor Perini Corp                                          | CUSIP: 901109108<br>LEI: 549300FHXYVPW8LJ6D98 | Long             | EC               | CORP              | US        |     10691 | NS      | $229428.86    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Delta Air Lines Inc                        | Delta Air Lines Inc                                        | CUSIP: 247361702<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | EC               | CORP              | US        |     38522 | NS      | $1603670.86   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Shoals Technologies Group Inc              | Shoals Technologies Group Inc                              | CUSIP: 82489W107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     40735 | NS      | $147053.35    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Valmont Industries Inc                     | Valmont Industries Inc                                     | CUSIP: 920253101<br>LEI: 5493009ZGZJJ8F77JN08 | Long             | EC               | CORP              | US        |      4794 | NS      | $1405696.68   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| McGrath RentCorp                           | McGrath RentCorp                                           | CUSIP: 580589109<br>LEI: 254900EUH6IPWFQ83445 | Long             | EC               | CORP              | US        |      5855 | NS      | $624552.85    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Mercury Systems Inc                        | Mercury Systems Inc                                        | CUSIP: 589378108<br>LEI: 549300P3B84SGK7HH679 | Long             | EC               | CORP              | US        |     12199 | NS      | $609950.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Chart Industries Inc                       | Chart Industries Inc                                       | CUSIP: 16115Q308<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | EC               | CORP              | US        |     10285 | NS      | $1388269.30   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Everus Construction Group Inc              | Everus Construction Group Inc                              | CUSIP: 300426103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11668 | NS      | $469520.32    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadridge Financial Solutions Inc         | Broadridge Financial Solutions Inc                         | CUSIP: 11133T103<br>LEI: 549300KZDJZQ2YIHRC28 | Long             | EC               | CORP              | US        |     28040 | NS      | $6796896.00   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Frontier Group Holdings Inc                | Frontier Group Holdings Inc                                | CUSIP: 35909R108<br>LEI: 549300DT3Y2BHO6G7T02 | Long             | EC               | CORP              | US        |     13533 | NS      | $40328.34     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Oshkosh Corp                               | Oshkosh Corp                                               | CUSIP: 688239201<br>LEI: 549300FEKNPCFSA2B506 | Long             | EC               | CORP              | US        |     15620 | NS      | $1308331.20   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Atkore Inc                                 | Atkore Inc                                                 | CUSIP: 047649108<br>LEI: 52990002TI38AM4RPV48 | Long             | EC               | CORP              | US        |      8342 | NS      | $532803.54    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Westinghouse Air Brake Technologies Corp   | Westinghouse Air Brake Technologies Corp                   | CUSIP: 929740108<br>LEI: 06BTX5UWZD0GQ5N5Y745 | Long             | EC               | CORP              | US        |     41230 | NS      | $7616830.20   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| ACCO Brands Corp                           | ACCO Brands Corp                                           | CUSIP: 00081T108<br>LEI: JCT8P4Y190IH4I1NX328 | Long             | EC               | CORP              | US        |     22035 | NS      | $85055.10     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Innodata Inc                               | Innodata Inc                                               | CUSIP: 457642205<br>LEI: L9O7MPYIT56T6KBE0R95 | Long             | EC               | CORP              | US        |      6619 | NS      | $250330.58    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| H&E Equipment Services Inc                 | H&E Equipment Services Inc                                 | CUSIP: 404030108<br>LEI: 254900KVLRCDMQRYY541 | Long             | EC               | CORP              | US        |      7865 | NS      | $706355.65    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| American Woodmark Corp                     | American Woodmark Corp                                     | CUSIP: 030506109<br>LEI: 5299007PFSDWMA74RB56 | Long             | EC               | CORP              | US        |      3689 | NS      | $217651.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| MRC Global Inc                             | MRC Global Inc                                             | CUSIP: 55345K103<br>LEI: 529900TSBPOLCLI2L582 | Long             | EC               | CORP              | US        |     20965 | NS      | $244242.25    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Boise Cascade Co                           | Boise Cascade Co                                           | CUSIP: 09739D100<br>LEI: 549300Z8B8LSRHC7XA55 | Long             | EC               | CORP              | US        |      9227 | NS      | $860694.56    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| HNI Corp                                   | HNI Corp                                                   | CUSIP: 404251100<br>LEI: 549300SKRADLC4O5HV93 | Long             | EC               | CORP              | US        |     11423 | NS      | $483192.90    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| AAON Inc                                   | AAON Inc                                                   | CUSIP: 000360206<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16528 | NS      | $1508510.56   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Graco Inc                                  | Graco Inc                                                  | CUSIP: 384109104<br>LEI: 4T5VJ4S81BRT6Q7GGT78 | Long             | EC               | CORP              | US        |     40462 | NS      | $3302103.82   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| FTI Consulting Inc                         | FTI Consulting Inc                                         | CUSIP: 302941109<br>LEI: 549300K17GM8EQD0FQ48 | Long             | EC               | CORP              | US        |      8618 | NS      | $1433001.04   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Genpact Ltd                                | Genpact Ltd                                                | CUSIP: 000000000<br>LEI: 529900OSEC6Q0L4L5B35 | Long             | EC               | CORP              | BM        |     40567 | NS      | $2038897.42   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Loar Holdings Inc                          | Loar Holdings Inc                                          | CUSIP: 53947R105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4495 | NS      | $425137.10    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Argan Inc                                  | Argan Inc                                                  | CUSIP: 04010E109<br>LEI: 529900E4KZWBV9KGBS83 | Long             | EC               | CORP              | US        |      3258 | NS      | $498897.54    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| CH Robinson Worldwide Inc                  | CH Robinson Worldwide Inc                                  | CUSIP: 12541W209<br>LEI: 529900WNWN5L0OVDHA79 | Long             | EC               | CORP              | US        |     28400 | NS      | $2533848.00   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Heidrick & Struggles International Inc     | Heidrick & Struggles International Inc                     | CUSIP: 422819102<br>LEI: 5493006284N2J367VB57 | Long             | EC               | CORP              | US        |      4930 | NS      | $192368.60    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Fastenal Co                                | Fastenal Co                                                | CUSIP: 311900104<br>LEI: 529900PP0C7H2HHPSJ32 | Long             | EC               | CORP              | US        |    137426 | NS      | $11127383.22  | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Eaton Corp PLC                             | Eaton Corp PLC                                             | CUSIP: 000000000<br>LEI: 549300VDIGTMXUNT7H71 | Long             | EC               | CORP              | IE        |     94801 | NS      | $27906570.37  | 2.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Rush Enterprises Inc                       | Rush Enterprises Inc                                       | CUSIP: 781846308<br>LEI: 529900V3XHTN7A6DFT17 | Long             | EC               | CORP              | US        |      1881 | NS      | $108797.04    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Timken Co/The                              | Timken Co/The                                              | CUSIP: 887389104<br>LEI: B0I35MLPFXZSE70ASS73 | Long             | EC               | CORP              | US        |     15946 | NS      | $1024530.50   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| CSW Industrials Inc                        | CSW Industrials Inc                                        | CUSIP: 126402106<br>LEI: 549300SYOEO3RVQ7FB83 | Long             | EC               | CORP              | US        |      4010 | NS      | $1253044.80   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-05-28

**Name of Applicant:** FIDELITY COVINGTON TRUST

**Signature:** Stacie M Smith

**Name of Signer:** Stacie M Smith

**Title:** President and Treasurer