# EDGAR Filing Document

**Accession Number:** 0000804116
**File Stem:** 0001410368-26-049631
**Filing Date:** 2026-5
**Character Count:** 218212
**Document Hash:** 26496a805a1a0ebb107e39df0362536a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-049631.hdr.sgml**: 20260521

**ACCESSION NUMBER**: 0001410368-26-049631

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260521

**DATE AS OF CHANGE**: 20260521

**PERIOD START**: 20261231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ROYCE SMALL-CAP TRUST, INC.
- **CENTRAL INDEX KEY:** 0000804116

**ORGANIZATION NAME:**
- **EIN:** 133356097
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04875
- **FILM NUMBER:** 261006744

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

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ROYCE VALUE TRUST, INC.
- **DATE OF NAME CHANGE:** 20180124

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ROYCE VALUE TRUST INC
- **DATE OF NAME CHANGE:** 19920703

## Nport-Ex

SCHEDULE OF INVESTMENTS

ROYCE SMALL-CAP TRUST

MARCH 31, 2026 (UNAUDITED)

---

| | | |
|:---|:---|:---|
|  | **SHARES** | **VALUE** |
| **COMMON STOCKS – 94.9%** |  |  |
| **Communication Services – 1.2%** |  |  |
| Diversified Telecommunication Services - 0.1% |  |  |
| &nbsp;&nbsp;&nbsp;Cogent Communications Holdings | 127 | $2393 |
| &nbsp;&nbsp;&nbsp;IDT Corporation Cl. B | 12619 | 619593 |
| &nbsp;&nbsp;&nbsp;Iridium Communications | 15363 | 426169 |
| &nbsp;&nbsp;&nbsp;Liberty Latin America Cl. C <sup>[1](#d001_v1)</sup> | 63228 | 557671 |
| &nbsp;&nbsp;&nbsp;Shenandoah Telecommunications | 36519 | 563123 |
|  |  | 2168949 |
| Entertainment - 0.4% |  |  |
| &nbsp;&nbsp;&nbsp;IMAX Corporation <sup>[1](#d001_v1)</sup> | 262660 | 9983706 |
| Interactive Media & Services - 0.4% |  |  |
| &nbsp;&nbsp;&nbsp;Cars.com <sup>[1](#d001_v1)</sup> | 107001 | 868848 |
| &nbsp;&nbsp;&nbsp;QuinStreet <sup>[1](#d001_v1)</sup> | 203754 | 2447086 |
| &nbsp;&nbsp;&nbsp;Shutterstock | 16991 | 282220 |
| &nbsp;&nbsp;&nbsp;TripAdvisor <sup>[1](#d001_v1)</sup> | 78453 | 836309 |
| &nbsp;&nbsp;&nbsp;Yelp <sup>[1](#d001_v1)</sup> | 64384 | 1592860 |
| &nbsp;&nbsp;&nbsp;Ziff Davis <sup>[1](#d001_v1)</sup> | 43032 | 1805623 |
|  |  | 7832946 |
| Media - 0.1% |  |  |
| &nbsp;&nbsp;&nbsp;Cable One <sup>[1](#d001_v1)</sup> | 5229 | 476937 |
| &nbsp;&nbsp;&nbsp;Magnite <sup>[1](#d001_v1)</sup> | 185000 | 2197800 |
| &nbsp;&nbsp;&nbsp;Scholastic Corporation | 3971 | 155107 |
| &nbsp;&nbsp;&nbsp;Thryv Holdings <sup>[1](#d001_v1)</sup> | 119060 | 326225 |
|  |  | 3156069 |
| Wireless Telecommunication Services - 0.2% |  |  |
| &nbsp;&nbsp;&nbsp;Gogo <sup>[1](#d001_v1)</sup> | 63367 | 254736 |
| &nbsp;&nbsp;&nbsp;Telephone and Data Systems | 88383 | 3720924 |
|  |  | 3975660 |
| **Total** |  | 27117330 |
| **Consumer Discretionary – 9.6%** |  |  |
| Automobile Components - 2.1% |  |  |
| &nbsp;&nbsp;&nbsp;Adient <sup>[1](#d001_v1)</sup> | 30099 | 608301 |
| &nbsp;&nbsp;&nbsp;BorgWarner | 7517 | 407872 |
| &nbsp;&nbsp;&nbsp;Dorman Products <sup>[1](#d001_v1)</sup> | 159182 | 16612234 |
| &nbsp;&nbsp;&nbsp;LCI Industries | 147682 | 18161932 |
| &nbsp;&nbsp;&nbsp;Patrick Industries | 46 | 5109 |
| &nbsp;&nbsp;&nbsp;PHINIA | 38955 | 2666080 |
| &nbsp;&nbsp;&nbsp;Standard Motor Products | 3517 | 122181 |
| &nbsp;&nbsp;&nbsp;Visteon Corporation | 82318 | 7499993 |
| &nbsp;&nbsp;&nbsp;XPEL <sup>[1](#d001_v1)</sup> | 6929 | 306678 |
|  |  | 46390380 |
| Broadline Retail - 0.0% |  |  |
| &nbsp;&nbsp;&nbsp;Etsy <sup>[1](#d001_v1)</sup> | 6191 | 309426 |
| Diversified Consumer Services - 1.2% |  |  |
| &nbsp;&nbsp;&nbsp;Covista <sup>[1](#d001_v1)</sup> | 3045 | 350936 |
| &nbsp;&nbsp;&nbsp;frontdoor <sup>[1](#d001_v1)</sup> | 10240 | 541286 |
| &nbsp;&nbsp;&nbsp;H&R Block | 59872 | 1900337 |
| &nbsp;&nbsp;&nbsp;Lincoln Educational Services <sup>[1](#d001_v1)</sup> | 45668 | 1857774 |
| &nbsp;&nbsp;&nbsp;OneSpaWorld Holdings | 63000 | 1445850 |
| &nbsp;&nbsp;&nbsp;Perdoceo Education | 71788 | 2671232 |
| &nbsp;&nbsp;&nbsp;Strategic Education | 4286 | 355567 |
| &nbsp;&nbsp;&nbsp;Stride <sup>[1](#d001_v1)</sup> | 22593 | 1992025 |
| &nbsp;&nbsp;&nbsp;Universal Technical Institute <sup>[1](#d001_v1)</sup> | 389032 | 14044055 |
|  |  | 25159062 |
| Hotels, Restaurants & Leisure - 0.8% |  |  |
| &nbsp;&nbsp;&nbsp;Brightstar Lottery | 480118 | 6116703 |
| &nbsp;&nbsp;&nbsp;Brinker International <sup>[1](#d001_v1)</sup> | 3804 | 543097 |
| &nbsp;&nbsp;&nbsp;Kura Sushi USA Cl. A <sup>[1](#d001_v1)</sup> | 20000 | 1395800 |
| &nbsp;&nbsp;&nbsp;Life Time Group Holdings <sup>[1](#d001_v1)</sup> | 58500 | 1575990 |
| &nbsp;&nbsp;&nbsp;Lindblad Expeditions Holdings <sup>[1](#d001_v1)</sup> | 373700 | 6465010 |
| &nbsp;&nbsp;&nbsp;Monarch Casino & Resort | 17769 | 1698717 |
|  |  | 17795317 |
| Household Durables - 1.4% |  |  |
| &nbsp;&nbsp;&nbsp;Cavco Industries <sup>[1](#d001_v1)</sup> | 14700 | 7119063 |
| &nbsp;&nbsp;&nbsp;Champion Homes <sup>[1](#d001_v1)</sup> | 58971 | 4385673 |
| &nbsp;&nbsp;&nbsp;Ethan Allen Interiors | 55478 | 1234940 |
| &nbsp;&nbsp;&nbsp;Green Brick Partners <sup>[1](#d001_v1)</sup> | 6792 | 437744 |
| &nbsp;&nbsp;&nbsp;Helen of Troy <sup>[1](#d001_v1)</sup> | 10626 | 153227 |
| &nbsp;&nbsp;&nbsp;Installed Building Products | 3438 | 911586 |
| &nbsp;&nbsp;&nbsp;La-Z-Boy | 40111 | 1289168 |
| &nbsp;&nbsp;&nbsp;M/I Homes <sup>[1](#d001_v1)</sup> | 103487 | 12671983 |
| &nbsp;&nbsp;&nbsp;Meritage Homes | 6004 | 371287 |
| &nbsp;&nbsp;&nbsp;Sonos <sup>[1](#d001_v1)</sup> | 17212 | 230641 |
| &nbsp;&nbsp;&nbsp;Tri Pointe Homes <sup>[1](#d001_v1)</sup> | 54991 | 2569730 |
|  |  | 31375042 |
| Leisure Products - 0.7% |  |  |
| &nbsp;&nbsp;&nbsp;Brunswick Corporation | 137498 | 10004354 |
| &nbsp;&nbsp;&nbsp;YETI Holdings <sup>[1](#d001_v1)</sup> | 163025 | 5965085 |
|  |  | 15969439 |
| Specialty Retail - 2.9% |  |  |
| &nbsp;&nbsp;&nbsp;Academy Sports & Outdoors | 224827 | 12691484 |
| &nbsp;&nbsp;&nbsp;Advance Auto Parts | 218089 | 11504195 |
| &nbsp;&nbsp;&nbsp;Asbury Automotive Group <sup>[1](#d001_v1)</sup> | 10555 | 2062553 |
| &nbsp;&nbsp;&nbsp;AutoCanada <sup>[1](#d001_v1)</sup> | 605600 | 8946215 |
| &nbsp;&nbsp;&nbsp;Bath & Body Works | 182448 | 3406304 |
| &nbsp;&nbsp;&nbsp;Buckle (The) | 57521 | 2896758 |
| &nbsp;&nbsp;&nbsp;Monro | 21057 | 337754 |
| &nbsp;&nbsp;&nbsp;OneWater Marine Cl. A <sup>[1](#d001_v1)</sup> | 12801 | 120969 |
| &nbsp;&nbsp;&nbsp;Sally Beauty Holdings <sup>[1](#d001_v1)</sup> | 51183 | 708885 |
| &nbsp;&nbsp;&nbsp;Signet Jewelers | 94524 | 8000511 |
| &nbsp;&nbsp;&nbsp;Urban Outfitters <sup>[1](#d001_v1)</sup> | 6195 | 392453 |
| &nbsp;&nbsp;&nbsp;Valvoline <sup>[1](#d001_v1)</sup> | 404223 | 13614231 |
|  |  | 64682312 |
| Textiles, Apparel & Luxury Goods - 0.5% |  |  |
| &nbsp;&nbsp;&nbsp;Carter's | 36878 | 1318757 |
| &nbsp;&nbsp;&nbsp;G-III Apparel Group | 18124 | 502035 |
| &nbsp;&nbsp;&nbsp;Kontoor Brands | 37400 | 2628846 |
| &nbsp;&nbsp;&nbsp;Movado Group | 30231 | 738241 |
| &nbsp;&nbsp;&nbsp;Ralph Lauren Cl. A | 14350 | 4936256 |
| &nbsp;&nbsp;&nbsp;Steven Madden | 29455 | 999114 |
|  |  | 11123249 |
| **Total** |  | 212804227 |
| **Consumer Staples – 3.2%** |  |  |
| Beverages - 0.0% |  |  |
| &nbsp;&nbsp;&nbsp;MGP Ingredients | 24704 | 454306 |
| Consumer Staples Distribution & Retail - 0.1% |  |  |
| &nbsp;&nbsp;&nbsp;Andersons (The) | 24927 | 1789260 |
| &nbsp;&nbsp;&nbsp;PriceSmart | 10506 | 1581153 |
|  |  | 3370413 |
| Food Products - 1.7% |  |  |
| &nbsp;&nbsp;&nbsp;Cal-Maine Foods | 5102 | 403823 |
| &nbsp;&nbsp;&nbsp;Fresh Del Monte Produce | 47992 | 1932158 |
| &nbsp;&nbsp;&nbsp;Freshpet <sup>[1](#d001_v1)</sup> | 31000 | 1827760 |
| &nbsp;&nbsp;&nbsp;J&J Snack Foods | 97301 | 7713050 |
| &nbsp;&nbsp;&nbsp;John B. Sanfilippo & Son | 4161 | 330092 |
| &nbsp;&nbsp;&nbsp;Mama's Creations <sup>[1](#d001_v1)</sup> | 88000 | 1349920 |
| &nbsp;&nbsp;&nbsp;Nomad Foods | 931634 | 8953003 |
| &nbsp;&nbsp;&nbsp;Seneca Foods Cl. A <sup>[1](#d001_v1)</sup> | 98460 | 14879275 |
| &nbsp;&nbsp;&nbsp;Simply Good Foods (The) <sup>[1](#d001_v1)</sup> | 40065 | 574933 |
|  |  | 37964014 |
| Household Products - 0.6% |  |  |
| &nbsp;&nbsp;&nbsp;Central Garden & Pet <sup>[1](#d001_v1)</sup> | 64222 | 2361443 |
| &nbsp;&nbsp;&nbsp;Central Garden & Pet Cl. A <sup>[1](#d001_v1)</sup> | 38087 | 1234781 |
| &nbsp;&nbsp;&nbsp;WD-40 Company | 46131 | 9407956 |
|  |  | 13004180 |
| Personal Care Products - 0.8% |  |  |
| &nbsp;&nbsp;&nbsp;Interparfums | 179762 | 16329580 |
| &nbsp;&nbsp;&nbsp;USANA Health Sciences <sup>[1](#d001_v1)</sup> | 41440 | 723957 |
|  |  | 17053537 |
| **Total** |  | 71846450 |
| **Energy – 2.4%** |  |  |
| Energy Equipment & Services - 1.3% |  |  |
| &nbsp;&nbsp;&nbsp;Bristow Group | 219464 | 10290667 |
| &nbsp;&nbsp;&nbsp;Cactus Cl. A | 49201 | 2330651 |
| &nbsp;&nbsp;&nbsp;Helix Energy Solutions Group <sup>[1](#d001_v1)</sup> | 200490 | 1982846 |
| &nbsp;&nbsp;&nbsp;Innovex International <sup>[1](#d001_v1)</sup> | 18995 | 463288 |
| &nbsp;&nbsp;&nbsp;Oceaneering International <sup>[1](#d001_v1)</sup> | 30000 | 1064100 |
| &nbsp;&nbsp;&nbsp;Pason Systems | 842170 | 8015478 |
| &nbsp;&nbsp;&nbsp;ProPetro Holding Corp. <sup>[1](#d001_v1)</sup> | 29755 | 428770 |
| &nbsp;&nbsp;&nbsp;RPC | 270589 | 1915770 |
| &nbsp;&nbsp;&nbsp;Solaris Energy Infrastructure Cl. A | 17000 | 960670 |
| &nbsp;&nbsp;&nbsp;Tidewater <sup>[1](#d001_v1)</sup> | 25240 | 2108802 |
|  |  | 29561042 |
| Oil, Gas & Consumable Fuels - 1.1% |  |  |
| &nbsp;&nbsp;&nbsp;California Resources | 33333 | 2307310 |
| &nbsp;&nbsp;&nbsp;Core Natural Resources | 22653 | 2372449 |
| &nbsp;&nbsp;&nbsp;Crescent Energy Cl. A | 172684 | 2331234 |
| &nbsp;&nbsp;&nbsp;CVR Energy <sup>[1](#d001_v1)</sup> | 9151 | 307931 |
| &nbsp;&nbsp;&nbsp;Dorchester Minerals L.P. | 279148 | 7564911 |
| &nbsp;&nbsp;&nbsp;International Seaways | 26337 | 1919440 |
| &nbsp;&nbsp;&nbsp;Magnolia Oil & Gas Cl. A | 24090 | 760521 |
| &nbsp;&nbsp;&nbsp;Peabody Energy | 35148 | 1158127 |
| &nbsp;&nbsp;&nbsp;REX American Resources <sup>[1](#d001_v1)</sup> | 26968 | 1228932 |
| &nbsp;&nbsp;&nbsp;Secure Waste Infrastructure | 181417 | 2846908 |
| &nbsp;&nbsp;&nbsp;Talos Energy <sup>[1](#d001_v1)</sup> | 28457 | 448482 |
| &nbsp;&nbsp;&nbsp;Uranium Energy <sup>[1](#d001_v1)</sup> | 16000 | 216000 |
| &nbsp;&nbsp;&nbsp;Ur-Energy <sup>[1](#d001_v1)</sup> | 150000 | 223500 |
| &nbsp;&nbsp;&nbsp;World Kinect | 42126 | 971847 |
|  |  | 24657592 |
| **Total** |  | 54218634 |
| **Financials – 19.7%** |  |  |
| Banks - 4.2% |  |  |
| &nbsp;&nbsp;&nbsp;Atlantic Union Bankshares | 47000 | 1679780 |
| &nbsp;&nbsp;&nbsp;Axos Financial <sup>[1](#d001_v1)</sup> | 11588 | 986023 |
| &nbsp;&nbsp;&nbsp;Bancorp (The) <sup>[1](#d001_v1)</sup> | 5578 | 299706 |
| &nbsp;&nbsp;&nbsp;Bank of N.T. Butterfield & Son | 221503 | 11624477 |
| &nbsp;&nbsp;&nbsp;BankUnited | 257388 | 11623642 |
| &nbsp;&nbsp;&nbsp;Beacon Financial | 31519 | 945570 |
| &nbsp;&nbsp;&nbsp;Cathay General Bancorp | 29641 | 1477900 |
| &nbsp;&nbsp;&nbsp;Chain Bridge Bancorp Cl. A <sup>[1](#d001_v1)</sup> | 44173 | 1541638 |
| &nbsp;&nbsp;&nbsp;Customers Bancorp <sup>[1](#d001_v1)</sup> | 19804 | 1374596 |
| &nbsp;&nbsp;&nbsp;Esquire Financial Holdings | 33953 | 3649948 |
| &nbsp;&nbsp;&nbsp;First Bancorp | 14000 | 788900 |
| &nbsp;&nbsp;&nbsp;First BanCorp | 83382 | 1781040 |
| &nbsp;&nbsp;&nbsp;First Commonwealth Financial | 48209 | 847514 |
| &nbsp;&nbsp;&nbsp;First Financial Bancorp | 107607 | 3000083 |
| &nbsp;&nbsp;&nbsp;German American Bancorp | 80215 | 3352185 |
| &nbsp;&nbsp;&nbsp;Glacier Bancorp | 16000 | 714720 |
| &nbsp;&nbsp;&nbsp;Hanmi Financial | 110667 | 2917182 |
| &nbsp;&nbsp;&nbsp;HBT Financial | 27347 | 730712 |
| &nbsp;&nbsp;&nbsp;Hingham Institution for Savings | 25456 | 7276343 |
| &nbsp;&nbsp;&nbsp;Home BancShares | 170954 | 4603791 |
| &nbsp;&nbsp;&nbsp;Live Oak Bancshares | 123385 | 4080342 |
| &nbsp;&nbsp;&nbsp;Northeast Bank | 18011 | 2023896 |
| &nbsp;&nbsp;&nbsp;OFG Bancorp | 8233 | 333107 |
| &nbsp;&nbsp;&nbsp;Origin Bancorp | 267629 | 11095898 |
| &nbsp;&nbsp;&nbsp;Pathward Financial | 11014 | 982779 |
| &nbsp;&nbsp;&nbsp;Preferred Bank | 23625 | 2142551 |
| &nbsp;&nbsp;&nbsp;Provident Financial Services | 56732 | 1200449 |
| &nbsp;&nbsp;&nbsp;Renasant Corporation | 22400 | 809312 |
| &nbsp;&nbsp;&nbsp;S&T Bancorp | 40984 | 1714361 |
| &nbsp;&nbsp;&nbsp;Seacoast Banking Corporation of Florida | 61000 | 1847690 |
| &nbsp;&nbsp;&nbsp;Southside Bancshares | 47206 | 1467635 |
| &nbsp;&nbsp;&nbsp;TowneBank | 45000 | 1515150 |
| &nbsp;&nbsp;&nbsp;Trustmark Corporation | 21161 | 891725 |
| &nbsp;&nbsp;&nbsp;Westamerica Bancorporation | 42934 | 2239008 |
| &nbsp;&nbsp;&nbsp;Western New England Bancorp | 13838 | 178925 |
| &nbsp;&nbsp;&nbsp;WSFS Financial | 6354 | 415933 |
|  |  | 94154511 |
| Capital Markets - 7.7% |  |  |
| &nbsp;&nbsp;&nbsp;Acadian Asset Management | 30414 | 1655130 |
| &nbsp;&nbsp;&nbsp;Ares Management Cl. A | 31800 | 3469380 |
| &nbsp;&nbsp;&nbsp;Artisan Partners Asset Management Cl. A | 260363 | 9474610 |
| &nbsp;&nbsp;&nbsp;Bolsa Mexicana de Valores | 1723106 | 3667717 |
| &nbsp;&nbsp;&nbsp;Cohen & Steers | 29712 | 1858486 |
| &nbsp;&nbsp;&nbsp;Donnelley Financial Solutions <sup>[1](#d001_v1)</sup> | 133528 | 6294510 |
| &nbsp;&nbsp;&nbsp;Evercore Cl. A | 3898 | 1163592 |
| &nbsp;&nbsp;&nbsp;FactSet Research Systems | 11550 | 2506235 |
| &nbsp;&nbsp;&nbsp;GCM Grosvenor Cl. A | 801494 | 7854641 |
| &nbsp;&nbsp;&nbsp;Houlihan Lokey Cl. A | 7885 | 1132444 |
| &nbsp;&nbsp;&nbsp;Lazard | 172436 | 7325081 |
| &nbsp;&nbsp;&nbsp;Marex Group | 318822 | 14213085 |
| &nbsp;&nbsp;&nbsp;MarketWise Cl. A | 25000 | 468000 |
| &nbsp;&nbsp;&nbsp;Miami International Holdings <sup>[1](#d001_v1)</sup> | 165187 | 6429078 |
| &nbsp;&nbsp;&nbsp;Moelis & Company Cl. A | 53679 | 3059703 |
| &nbsp;&nbsp;&nbsp;Morningstar | 21539 | 3641168 |
| &nbsp;&nbsp;&nbsp;Onex Corporation | 167022 | 12188968 |
| &nbsp;&nbsp;&nbsp;Oppenheimer Holdings Cl. A | 24892 | 2220117 |
| &nbsp;&nbsp;&nbsp;SEI Investments | 264994 | 20794079 |
| &nbsp;&nbsp;&nbsp;Sprott | 131327 | 18741310 |
| &nbsp;&nbsp;&nbsp;StoneX Group <sup>[1](#d001_v1)</sup> | 94920 | 7655298 |
| &nbsp;&nbsp;&nbsp;Tel Aviv Stock Exchange <sup>[2](#d002_v1)</sup> | 221179 | 9793488 |
| &nbsp;&nbsp;&nbsp;TMX Group | 478421 | 16965357 |
| &nbsp;&nbsp;&nbsp;Victory Capital Holdings Cl. A | 66340 | 4343943 |
| &nbsp;&nbsp;&nbsp;Virtu Financial Cl. A | 85000 | 3738300 |
| &nbsp;&nbsp;&nbsp;Virtus Investment Partners | 5144 | 691096 |
|  |  | 171344816 |
| Consumer Finance - 0.8% |  |  |
| &nbsp;&nbsp;&nbsp;Bread Financial Holdings | 38682 | 2896895 |
| &nbsp;&nbsp;&nbsp;Encore Capital Group <sup>[1](#d001_v1)</sup> | 25000 | 1753000 |
| &nbsp;&nbsp;&nbsp;FirstCash Holdings | 48827 | 9179476 |
| &nbsp;&nbsp;&nbsp;PROG Holdings | 57114 | 1638600 |
| &nbsp;&nbsp;&nbsp;World Acceptance <sup>[1](#d001_v1)</sup> | 9394 | 1268566 |
|  |  | 16736537 |
| Financial Services - 1.6% |  |  |
| &nbsp;&nbsp;&nbsp;Banco Latinoamericano de Comercio Exterior Cl. E | 114899 | 5869041 |
| &nbsp;&nbsp;&nbsp;Burford Capital | 175000 | 791000 |
| &nbsp;&nbsp;&nbsp;Enact Holdings | 45334 | 1850081 |
| &nbsp;&nbsp;&nbsp;Jackson Financial | 8490 | 897563 |
| &nbsp;&nbsp;&nbsp;Merchants Bancorp | 109777 | 4710531 |
| &nbsp;&nbsp;&nbsp;NCR Atleos <sup>[1](#d001_v1)</sup> | 49774 | 2169151 |
| &nbsp;&nbsp;&nbsp;NewtekOne | 314894 | 3448089 |
| &nbsp;&nbsp;&nbsp;NMI Holdings <sup>[1](#d001_v1)</sup> | 129767 | 4867560 |
| &nbsp;&nbsp;&nbsp;Payoneer Global <sup>[1](#d001_v1)</sup> | 91813 | 443457 |
| &nbsp;&nbsp;&nbsp;Paysign <sup>[1](#d001_v1)</sup> | 239333 | 1412065 |
| &nbsp;&nbsp;&nbsp;Radian Group | 89551 | 2962347 |
| &nbsp;&nbsp;&nbsp;Shift4 Payments Cl. A <sup>[1](#d001_v1)</sup> | 50000 | 2186500 |
| &nbsp;&nbsp;&nbsp;Walker & Dunlop | 106306 | 4717860 |
| &nbsp;&nbsp;&nbsp;Western Union Company (The) | 50754 | 443082 |
|  |  | 36768327 |
| Insurance - 5.4% |  |  |
| &nbsp;&nbsp;&nbsp;Abacus Global Management | 565017 | 4452334 |
| &nbsp;&nbsp;&nbsp;AMERISAFE | 111845 | 3727794 |
| &nbsp;&nbsp;&nbsp;Assured Guaranty | 337204 | 27475382 |
| &nbsp;&nbsp;&nbsp;E-L Financial | 1165000 | 13257099 |
| &nbsp;&nbsp;&nbsp;Employers Holdings | 32680 | 1344455 |
| &nbsp;&nbsp;&nbsp;Fidelis Insurance Holdings | 230113 | 4397459 |
| &nbsp;&nbsp;&nbsp;Hagerty Cl. A <sup>[1](#d001_v1)</sup> | 485700 | 5114421 |
| &nbsp;&nbsp;&nbsp;HCI Group | 10024 | 1549811 |
| &nbsp;&nbsp;&nbsp;International General Insurance Holdings | 915576 | 22179829 |
| &nbsp;&nbsp;&nbsp;Lincoln National | 46481 | 1650075 |
| &nbsp;&nbsp;&nbsp;Mercury General | 21831 | 1924403 |
| &nbsp;&nbsp;&nbsp;RenaissanceRe Holdings | 19900 | 5914877 |
| &nbsp;&nbsp;&nbsp;RLI Corp. | 194835 | 11113388 |
| &nbsp;&nbsp;&nbsp;SiriusPoint <sup>[1](#d001_v1)</sup> | 34540 | 743992 |
| &nbsp;&nbsp;&nbsp;Skyward Specialty Insurance Group <sup>[1](#d001_v1)</sup> | 76058 | 3322213 |
| &nbsp;&nbsp;&nbsp;United Fire Group | 21032 | 779446 |
| &nbsp;&nbsp;&nbsp;White Mountains Insurance Group | 4923 | 10815634 |
|  |  | 119762612 |
| **Total** |  | 438766803 |
| **Health Care – 9.3%** |  |  |
| Biotechnology - 2.6% |  |  |
| &nbsp;&nbsp;&nbsp;ADMA Biologics <sup>[1](#d001_v1)</sup> | 17427 | 157017 |
| &nbsp;&nbsp;&nbsp;Alkermes <sup>[1](#d001_v1)</sup> | 55683 | 1968951 |
| &nbsp;&nbsp;&nbsp;BridgeBio Oncology Therapeutics <sup>[1](#d001_v1)</sup> | 212359 | 1900613 |
| &nbsp;&nbsp;&nbsp;BridgeBio Pharma <sup>[1](#d001_v1)</sup> | 127136 | 9441119 |
| &nbsp;&nbsp;&nbsp;CareDx <sup>[1](#d001_v1)</sup> | 66000 | 1145760 |
| &nbsp;&nbsp;&nbsp;Catalyst Pharmaceuticals <sup>[1](#d001_v1)</sup> | 599279 | 14838148 |
| &nbsp;&nbsp;&nbsp;Centessa Pharmaceuticals ADR <sup>[1](#d001_v1)</sup> | 147654 | 5864817 |
| &nbsp;&nbsp;&nbsp;Compass Pathways ADR <sup>[1](#d001_v1)</sup> | 133000 | 735490 |
| &nbsp;&nbsp;&nbsp;Compass Therapeutics <sup>[1](#d001_v1)</sup> | 576468 | 3049516 |
| &nbsp;&nbsp;&nbsp;Cytokinetics <sup>[1](#d001_v1)</sup> | 67466 | 4446684 |
| &nbsp;&nbsp;&nbsp;ORIC Pharmaceuticals <sup>[1](#d001_v1)</sup> | 364654 | 4620166 |
| &nbsp;&nbsp;&nbsp;Palvella Therapeutics <sup>[1](#d001_v1)</sup> | 12000 | 1495800 |
| &nbsp;&nbsp;&nbsp;Protagonist Therapeutics <sup>[1](#d001_v1)</sup> | 14349 | 1512385 |
| &nbsp;&nbsp;&nbsp;PTC Therapeutics <sup>[1](#d001_v1)</sup> | 51496 | 3508422 |
| &nbsp;&nbsp;&nbsp;Zymeworks <sup>[1](#d001_v1)</sup> | 159916 | 4004297 |
|  |  | 58689185 |
| Health Care Equipment & Supplies - 2.0% |  |  |
| &nbsp;&nbsp;&nbsp;Alphatec Holdings <sup>[1](#d001_v1)</sup> | 91000 | 990080 |
| &nbsp;&nbsp;&nbsp;Avanos Medical <sup>[1](#d001_v1)</sup> | 53588 | 750768 |
| &nbsp;&nbsp;&nbsp;Axogen <sup>[1](#d001_v1)</sup> | 28500 | 944205 |
| &nbsp;&nbsp;&nbsp;Embecta Corp. | 55784 | 493130 |
| &nbsp;&nbsp;&nbsp;Enovis Corporation <sup>[1](#d001_v1)</sup> | 222033 | 5051251 |
| &nbsp;&nbsp;&nbsp;Envista Holdings <sup>[1](#d001_v1)</sup> | 301330 | 7644742 |
| &nbsp;&nbsp;&nbsp;Establishment Labs Holdings <sup>[1](#d001_v1)</sup> | 126375 | 7175572 |
| &nbsp;&nbsp;&nbsp;Haemonetics Corporation <sup>[1](#d001_v1)</sup> | 70244 | 3958952 |
| &nbsp;&nbsp;&nbsp;LeMaitre Vascular | 2486 | 271397 |
| &nbsp;&nbsp;&nbsp;Omnicell <sup>[1](#d001_v1)</sup> | 2671 | 89158 |
| &nbsp;&nbsp;&nbsp;SI-BONE <sup>[1](#d001_v1)</sup> | 130000 | 1641900 |
| &nbsp;&nbsp;&nbsp;TransMedics Group <sup>[1](#d001_v1)</sup> | 127500 | 12674775 |
| &nbsp;&nbsp;&nbsp;UFP Technologies <sup>[1](#d001_v1)</sup> | 13925 | 2695880 |
|  |  | 44381810 |
| Health Care Providers & Services - 1.1% |  |  |
| &nbsp;&nbsp;&nbsp;Accendra Health <sup>[1](#d001_v1)</sup> | 10507 | 23956 |
| &nbsp;&nbsp;&nbsp;Addus HomeCare <sup>[1](#d001_v1)</sup> | 5151 | 482391 |
| &nbsp;&nbsp;&nbsp;AMN Healthcare Services <sup>[1](#d001_v1)</sup> | 45418 | 832966 |
| &nbsp;&nbsp;&nbsp;BrightSpring Health Services <sup>[1](#d001_v1)</sup> | 32577 | 1388106 |
| &nbsp;&nbsp;&nbsp;Concentra Group Holdings Parent | 77388 | 1659973 |
| &nbsp;&nbsp;&nbsp;CorVel Corporation <sup>[1](#d001_v1)</sup> | 7270 | 397305 |
| &nbsp;&nbsp;&nbsp;GeneDx Holdings Cl. A <sup>[1](#d001_v1)</sup> | 58213 | 3738439 |
| &nbsp;&nbsp;&nbsp;Guardian Pharmacy Services Cl. A <sup>[1](#d001_v1)</sup> | 25479 | 959539 |
| &nbsp;&nbsp;&nbsp;Hinge Health Cl. A <sup>[1](#d001_v1)</sup> | 34500 | 1330320 |
| &nbsp;&nbsp;&nbsp;PACS Group <sup>[1](#d001_v1)</sup> | 203248 | 6528326 |
| &nbsp;&nbsp;&nbsp;Pediatrix Medical Group <sup>[1](#d001_v1)</sup> | 132027 | 2824058 |
| &nbsp;&nbsp;&nbsp;Progyny <sup>[1](#d001_v1)</sup> | 59363 | 1007984 |
| &nbsp;&nbsp;&nbsp;Strata Critical Medical <sup>[1](#d001_v1)</sup> | 546819 | 2285703 |
|  |  | 23459066 |
| Health Care Technology - 0.0% |  |  |
| &nbsp;&nbsp;&nbsp;SOPHiA GENETICS <sup>[1](#d001_v1)</sup> | 28077 | 138981 |
| &nbsp;&nbsp;&nbsp;Veradigm <sup>[1](#d001_v1),[2](#d002_v1)</sup> | 153900 | 715635 |
|  |  | 854616 |
| Life Sciences Tools & Services - 1.3% |  |  |
| &nbsp;&nbsp;&nbsp;Avantor <sup>[1](#d001_v1)</sup> | 379614 | 2976174 |
| &nbsp;&nbsp;&nbsp;BioLife Solutions <sup>[1](#d001_v1)</sup> | 79000 | 1507320 |
| &nbsp;&nbsp;&nbsp;Bio-Techne | 109313 | 5712697 |
| &nbsp;&nbsp;&nbsp;Fortrea Holdings <sup>[1](#d001_v1)</sup> | 56346 | 530779 |
| &nbsp;&nbsp;&nbsp;Mesa Laboratories | 53188 | 4702883 |
| &nbsp;&nbsp;&nbsp;Personalis <sup>[1](#d001_v1)</sup> | 42000 | 267540 |
| &nbsp;&nbsp;&nbsp;Repligen Corporation <sup>[1](#d001_v1)</sup> | 61220 | 7212941 |
| &nbsp;&nbsp;&nbsp;Stevanato Group | 449229 | 6176899 |
|  |  | 29087233 |
| Pharmaceuticals - 2.3% |  |  |
| &nbsp;&nbsp;&nbsp;Alumis <sup>[1](#d001_v1)</sup> | 242766 | 5348135 |
| &nbsp;&nbsp;&nbsp;Amphastar Pharmaceuticals <sup>[1](#d001_v1)</sup> | 31000 | 607290 |
| &nbsp;&nbsp;&nbsp;ANI Pharmaceuticals <sup>[1](#d001_v1)</sup> | 12533 | 963788 |
| &nbsp;&nbsp;&nbsp;Axsome Therapeutics <sup>[1](#d001_v1)</sup> | 41023 | 6933707 |
| &nbsp;&nbsp;&nbsp;Collegium Pharmaceutical <sup>[1](#d001_v1)</sup> | 51396 | 1699666 |
| &nbsp;&nbsp;&nbsp;Corcept Therapeutics <sup>[1](#d001_v1)</sup> | 132800 | 5353168 |
| &nbsp;&nbsp;&nbsp;Definium Therapeutics <sup>[1](#d001_v1)</sup> | 86000 | 1625400 |
| &nbsp;&nbsp;&nbsp;Elanco Animal Health <sup>[1](#d001_v1)</sup> | 254815 | 6097723 |
| &nbsp;&nbsp;&nbsp;Esperion Therapeutics <sup>[1](#d001_v1)</sup> | 416273 | 1140588 |
| &nbsp;&nbsp;&nbsp;Harmony Biosciences Holdings <sup>[1](#d001_v1)</sup> | 78385 | 2195564 |
| &nbsp;&nbsp;&nbsp;Indivior Pharmaceuticals <sup>[1](#d001_v1)</sup> | 4644 | 141549 |
| &nbsp;&nbsp;&nbsp;Innoviva <sup>[1](#d001_v1)</sup> | 82493 | 1922087 |
| &nbsp;&nbsp;&nbsp;Organon & Co | 93576 | 560520 |
| &nbsp;&nbsp;&nbsp;Prestige Consumer Healthcare <sup>[1](#d001_v1)</sup> | 98760 | 5853505 |
| &nbsp;&nbsp;&nbsp;Supernus Pharmaceuticals <sup>[1](#d001_v1)</sup> | 141390 | 7308449 |
| &nbsp;&nbsp;&nbsp;Zevra Therapeutics <sup>[1](#d001_v1)</sup> | 310937 | 2897933 |
|  |  | 50649072 |
| **Total** |  | 207120982 |
| **Industrials – 26.6%** |  |  |
| Aerospace & Defense - 1.3% |  |  |
| &nbsp;&nbsp;&nbsp;AAR Corp. <sup>[1](#d001_v1)</sup> | 9000 | 985140 |
| &nbsp;&nbsp;&nbsp;AeroVironment <sup>[1](#d001_v1)</sup> | 1800 | 329490 |
| &nbsp;&nbsp;&nbsp;Chemring Group <sup>[2](#d002_v1)</sup> | 154671 | 1047552 |
| &nbsp;&nbsp;&nbsp;FTAI Aviation | 42693 | 10459785 |
| &nbsp;&nbsp;&nbsp;Magellan Aerospace | 943092 | 14264004 |
| &nbsp;&nbsp;&nbsp;VSE Corporation | 9000 | 1659600 |
|  |  | 28745571 |
| Air Freight & Logistics - 0.0% |  |  |
| &nbsp;&nbsp;&nbsp;Forward Air <sup>[1](#d001_v1)</sup> | 63360 | 1058746 |
| Building Products - 2.0% |  |  |
| &nbsp;&nbsp;&nbsp;AAON | 114247 | 9453939 |
| &nbsp;&nbsp;&nbsp;Apogee Enterprises | 18061 | 605766 |
| &nbsp;&nbsp;&nbsp;AZZ | 7122 | 891176 |
| &nbsp;&nbsp;&nbsp;CSW Industrials | 10120 | 2637070 |
| &nbsp;&nbsp;&nbsp;Gibraltar Industries <sup>[1](#d001_v1)</sup> | 34394 | 1371289 |
| &nbsp;&nbsp;&nbsp;Hayward Holdings <sup>[1](#d001_v1)</sup> | 22956 | 307151 |
| &nbsp;&nbsp;&nbsp;MasterBrand <sup>[1](#d001_v1)</sup> | 220175 | 1829654 |
| &nbsp;&nbsp;&nbsp;Quanex Building Products | 12443 | 223601 |
| &nbsp;&nbsp;&nbsp;Resideo Technologies <sup>[1](#d001_v1)</sup> | 42792 | 1442518 |
| &nbsp;&nbsp;&nbsp;Simpson Manufacturing <sup>[3](#d003_v1)</sup> | 72500 | 12442450 |
| &nbsp;&nbsp;&nbsp;Trex Company <sup>[1](#d001_v1)</sup> | 93774 | 3415249 |
| &nbsp;&nbsp;&nbsp;UFP Industries | 114951 | 10589286 |
|  |  | 45209149 |
| Commercial Services & Supplies - 2.2% |  |  |
| &nbsp;&nbsp;&nbsp;ACV Auctions Cl. A <sup>[1](#d001_v1)</sup> | 457300 | 1938952 |
| &nbsp;&nbsp;&nbsp;Brady Corporation Cl. A | 246180 | 19999663 |
| &nbsp;&nbsp;&nbsp;BrightView Holdings <sup>[1](#d001_v1)</sup> | 217060 | 2559137 |
| &nbsp;&nbsp;&nbsp;CompX International Cl. A | 166074 | 3879489 |
| &nbsp;&nbsp;&nbsp;Ennis | 34440 | 737705 |
| &nbsp;&nbsp;&nbsp;Healthcare Services Group <sup>[1](#d001_v1)</sup> | 318616 | 5910327 |
| &nbsp;&nbsp;&nbsp;HNI Corporation | 41706 | 1392563 |
| &nbsp;&nbsp;&nbsp;Interface | 8994 | 224130 |
| &nbsp;&nbsp;&nbsp;Liquidity Services <sup>[1](#d001_v1)</sup> | 34851 | 1065395 |
| &nbsp;&nbsp;&nbsp;Montrose Environmental Group <sup>[1](#d001_v1)</sup> | 68000 | 1488520 |
| &nbsp;&nbsp;&nbsp;MSA Safety | 20150 | 3303593 |
| &nbsp;&nbsp;&nbsp;Pitney Bowes | 29513 | 326119 |
| &nbsp;&nbsp;&nbsp;RB Global | 36537 | 3502071 |
| &nbsp;&nbsp;&nbsp;UniFirst Corporation | 6800 | 1710812 |
| &nbsp;&nbsp;&nbsp;Vestis Corporation <sup>[1](#d001_v1)</sup> | 66586 | 523366 |
|  |  | 48561842 |
| Construction & Engineering - 6.5% |  |  |
| &nbsp;&nbsp;&nbsp;Ameresco Cl. A <sup>[1](#d001_v1)</sup> | 225391 | 5747471 |
| &nbsp;&nbsp;&nbsp;APi Group <sup>[1](#d001_v1)</sup> | 663180 | 26872054 |
| &nbsp;&nbsp;&nbsp;Arcosa | 247558 | 26275806 |
| &nbsp;&nbsp;&nbsp;Argan | 9393 | 5115897 |
| &nbsp;&nbsp;&nbsp;Everus Construction Group <sup>[1](#d001_v1)</sup> | 2429 | 286768 |
| &nbsp;&nbsp;&nbsp;IES Holdings <sup>[1](#d001_v1)</sup> | 123638 | 58909798 |
| &nbsp;&nbsp;&nbsp;Legence Corp. Cl. A <sup>[1](#d001_v1)</sup> | 178763 | 10092959 |
| &nbsp;&nbsp;&nbsp;Limbach Holdings <sup>[1](#d001_v1)</sup> | 55326 | 4318194 |
| &nbsp;&nbsp;&nbsp;SOLV Energy Cl. A <sup>[1](#d001_v1)</sup> | 4381 | 131561 |
| &nbsp;&nbsp;&nbsp;Valmont Industries | 20818 | 8318248 |
|  |  | 146068756 |
| Electrical Equipment - 1.5% |  |  |
| &nbsp;&nbsp;&nbsp;LSI Industries | 496657 | 9237820 |
| &nbsp;&nbsp;&nbsp;Powell Industries | 32117 | 17377867 |
| &nbsp;&nbsp;&nbsp;Preformed Line Products | 22816 | 6177432 |
|  |  | 32793119 |
| Ground Transportation - 0.6% |  |  |
| &nbsp;&nbsp;&nbsp;Hertz Global Holdings <sup>[1](#d001_v1)</sup> | 49678 | 229016 |
| &nbsp;&nbsp;&nbsp;Landstar System | 30373 | 4869096 |
| &nbsp;&nbsp;&nbsp;Saia <sup>[1](#d001_v1)</sup> | 21702 | 7623478 |
|  |  | 12721590 |
| Machinery - 6.9% |  |  |
| &nbsp;&nbsp;&nbsp;Alamo Group | 25645 | 4230656 |
| &nbsp;&nbsp;&nbsp;Albany International Cl. A | 5339 | 278749 |
| &nbsp;&nbsp;&nbsp;Astec Industries | 14745 | 793871 |
| &nbsp;&nbsp;&nbsp;Atmus Filtration Technologies | 273559 | 15529944 |
| &nbsp;&nbsp;&nbsp;ATS Corporation <sup>[1](#d001_v1)</sup> | 63500 | 1789832 |
| &nbsp;&nbsp;&nbsp;CECO Environmental <sup>[1](#d001_v1)</sup> | 164948 | 9827602 |
| &nbsp;&nbsp;&nbsp;Enpro | 47221 | 11835944 |
| &nbsp;&nbsp;&nbsp;ESAB Corporation | 197122 | 19053812 |
| &nbsp;&nbsp;&nbsp;ESCO Technologies | 71105 | 20006814 |
| &nbsp;&nbsp;&nbsp;Franklin Electric | 2957 | 272547 |
| &nbsp;&nbsp;&nbsp;Graham Corporation <sup>[1](#d001_v1)</sup> | 89168 | 7037138 |
| &nbsp;&nbsp;&nbsp;Helios Technologies | 44900 | 2905479 |
| &nbsp;&nbsp;&nbsp;JBT Marel | 151840 | 19415781 |
| &nbsp;&nbsp;&nbsp;Kadant | 59342 | 17348634 |
| &nbsp;&nbsp;&nbsp;Kennametal | 16821 | 607743 |
| &nbsp;&nbsp;&nbsp;Lincoln Electric Holdings | 3984 | 992335 |
| &nbsp;&nbsp;&nbsp;Lindsay Corporation | 61547 | 7328401 |
| &nbsp;&nbsp;&nbsp;Mueller Water Products | 11825 | 325069 |
| &nbsp;&nbsp;&nbsp;RBC Bearings <sup>[1](#d001_v1),[3](#d003_v1)</sup> | 9120 | 4953254 |
| &nbsp;&nbsp;&nbsp;Standex International | 1857 | 473275 |
| &nbsp;&nbsp;&nbsp;Tennant Company | 40000 | 2656000 |
| &nbsp;&nbsp;&nbsp;Timken Company (The) | 49649 | 4993200 |
| &nbsp;&nbsp;&nbsp;Titan International <sup>[1](#d001_v1)</sup> | 40445 | 279475 |
| &nbsp;&nbsp;&nbsp;Worthington Enterprises | 3511 | 183063 |
|  |  | 153118618 |
| Marine Transportation - 0.6% |  |  |
| &nbsp;&nbsp;&nbsp;Kirby Corporation <sup>[1](#d001_v1)</sup> | 24948 | 3315090 |
| &nbsp;&nbsp;&nbsp;Matson | 64340 | 10547900 |
|  |  | 13862990 |
| Passenger Airlines - 0.2% |  |  |
| &nbsp;&nbsp;&nbsp;SkyWest <sup>[1](#d001_v1)</sup> | 18164 | 1668000 |
| &nbsp;&nbsp;&nbsp;Sun Country Airlines Holdings <sup>[1](#d001_v1)</sup> | 115994 | 1916221 |
|  |  | 3584221 |
| Professional Services - 3.2% |  |  |
| &nbsp;&nbsp;&nbsp;Andersen Group Cl. A <sup>[1](#d001_v1)</sup> | 363230 | 9879856 |
| &nbsp;&nbsp;&nbsp;Barrett Business Services | 189902 | 5541340 |
| &nbsp;&nbsp;&nbsp;CBIZ <sup>[1](#d001_v1)</sup> | 187787 | 5042081 |
| &nbsp;&nbsp;&nbsp;CSG Systems International | 11179 | 893649 |
| &nbsp;&nbsp;&nbsp;Exponent | 251193 | 16390343 |
| &nbsp;&nbsp;&nbsp;Franklin Covey <sup>[1](#d001_v1)</sup> | 211144 | 3333964 |
| &nbsp;&nbsp;&nbsp;Insperity | 184145 | 4979281 |
| &nbsp;&nbsp;&nbsp;KBR | 257245 | 9482051 |
| &nbsp;&nbsp;&nbsp;Korn Ferry | 183197 | 11532251 |
| &nbsp;&nbsp;&nbsp;MAXIMUS | 77255 | 4952046 |
| &nbsp;&nbsp;&nbsp;Robert Half | 3201 | 81305 |
| &nbsp;&nbsp;&nbsp;Verra Mobility Cl. A <sup>[1](#d001_v1)</sup> | 3997 | 57117 |
|  |  | 72165284 |
| Trading Companies & Distributors - 1.6% |  |  |
| &nbsp;&nbsp;&nbsp;Air Lease Cl. A | 67939 | 4411959 |
| &nbsp;&nbsp;&nbsp;Applied Industrial Technologies | 18500 | 4908420 |
| &nbsp;&nbsp;&nbsp;Distribution Solutions Group <sup>[1](#d001_v1)</sup> | 92384 | 2424156 |
| &nbsp;&nbsp;&nbsp;DNOW <sup>[1](#d001_v1)</sup> | 98057 | 1167859 |
| &nbsp;&nbsp;&nbsp;EVI Industries | 81657 | 1680501 |
| &nbsp;&nbsp;&nbsp;MSC Industrial Direct Cl. A | 54762 | 5052890 |
| &nbsp;&nbsp;&nbsp;Rush Enterprises Cl. A | 32311 | 2136080 |
| &nbsp;&nbsp;&nbsp;Teqnion <sup>[1](#d001_v1),[2](#d002_v1)</sup> | 191300 | 3075582 |
| &nbsp;&nbsp;&nbsp;Transcat <sup>[1](#d001_v1)</sup> | 151511 | 11128483 |
|  |  | 35985930 |
| **Total** |  | 593875816 |
| **Information Technology – 13.4%** |  |  |
| Communications Equipment - 0.4% |  |  |
| &nbsp;&nbsp;&nbsp;ADTRAN Holdings <sup>[1](#d001_v1)</sup> | 168000 | 2113440 |
| &nbsp;&nbsp;&nbsp;Digi International <sup>[1](#d001_v1)</sup> | 56808 | 2738146 |
| &nbsp;&nbsp;&nbsp;Extreme Networks <sup>[1](#d001_v1)</sup> | 23092 | 348227 |
| &nbsp;&nbsp;&nbsp;Gilat Satellite Networks <sup>[1](#d001_v1)</sup> | 89000 | 1336780 |
| &nbsp;&nbsp;&nbsp;Harmonic <sup>[1](#d001_v1)</sup> | 260843 | 2342370 |
| &nbsp;&nbsp;&nbsp;NetScout Systems <sup>[1](#d001_v1)</sup> | 50000 | 1589500 |
|  |  | 10468463 |
| Electronic Equipment, Instruments & Components - 4.4% |  |  |
| &nbsp;&nbsp;&nbsp;Badger Meter | 7533 | 1147652 |
| &nbsp;&nbsp;&nbsp;Bel Fuse Cl. B | 5500 | 1088890 |
| &nbsp;&nbsp;&nbsp;Benchmark Electronics | 35471 | 1988504 |
| &nbsp;&nbsp;&nbsp;Cognex Corporation | 261803 | 12825729 |
| &nbsp;&nbsp;&nbsp;Crane NXT Co. | 194225 | 7883593 |
| &nbsp;&nbsp;&nbsp;CTS Corporation | 25422 | 1214155 |
| &nbsp;&nbsp;&nbsp;ePlus | 23609 | 1776577 |
| &nbsp;&nbsp;&nbsp;Insight Enterprises <sup>[1](#d001_v1)</sup> | 17714 | 1187015 |
| &nbsp;&nbsp;&nbsp;IPG Photonics <sup>[1](#d001_v1)</sup> | 51100 | 5855549 |
| &nbsp;&nbsp;&nbsp;Itron <sup>[1](#d001_v1)</sup> | 9444 | 846466 |
| &nbsp;&nbsp;&nbsp;Knowles Corporation <sup>[1](#d001_v1)</sup> | 205723 | 5282967 |
| &nbsp;&nbsp;&nbsp;Littelfuse | 28415 | 9642630 |
| &nbsp;&nbsp;&nbsp;Luna Innovations <sup>[1](#d001_v1),[2](#d002_v1)</sup> | 657869 | 657869 |
| &nbsp;&nbsp;&nbsp;Mirion Technologies Cl. A <sup>[1](#d001_v1)</sup> | 227846 | 4235657 |
| &nbsp;&nbsp;&nbsp;nLIGHT <sup>[1](#d001_v1)</sup> | 82953 | 4729980 |
| &nbsp;&nbsp;&nbsp;PC Connection | 16248 | 949858 |
| &nbsp;&nbsp;&nbsp;Plexus Corp. <sup>[1](#d001_v1)</sup> | 13457 | 2725581 |
| &nbsp;&nbsp;&nbsp;Ralliant Corporation | 11391 | 473752 |
| &nbsp;&nbsp;&nbsp;Richardson Electronics | 433407 | 4745807 |
| &nbsp;&nbsp;&nbsp;Sanmina Corporation <sup>[1](#d001_v1)</sup> | 11434 | 1482304 |
| &nbsp;&nbsp;&nbsp;ScanSource <sup>[1](#d001_v1)</sup> | 21930 | 796059 |
| &nbsp;&nbsp;&nbsp;Teledyne Technologies <sup>[1](#d001_v1)</sup> | 9660 | 5844396 |
| &nbsp;&nbsp;&nbsp;TTM Technologies <sup>[1](#d001_v1)</sup> | 137233 | 13369239 |
| &nbsp;&nbsp;&nbsp;Vontier Corporation | 228762 | 8114188 |
|  |  | 98864417 |
| IT Services - 1.2% |  |  |
| &nbsp;&nbsp;&nbsp;DigitalOcean Holdings <sup>[1](#d001_v1)</sup> | 121321 | 10406915 |
| &nbsp;&nbsp;&nbsp;DXC Technology <sup>[1](#d001_v1)</sup> | 188198 | 2365649 |
| &nbsp;&nbsp;&nbsp;Hackett Group (The) | 826851 | 10757332 |
| &nbsp;&nbsp;&nbsp;Kyndryl Holdings <sup>[1](#d001_v1)</sup> | 139510 | 1830371 |
| &nbsp;&nbsp;&nbsp;Wix.com <sup>[1](#d001_v1)</sup> | 9801 | 882776 |
|  |  | 26243043 |
| Semiconductors & Semiconductor Equipment - 6.0% |  |  |
| &nbsp;&nbsp;&nbsp;Axcelis Technologies <sup>[1](#d001_v1)</sup> | 18580 | 1729426 |
| &nbsp;&nbsp;&nbsp;Camtek <sup>[1](#d001_v1)</sup> | 44534 | 6751800 |
| &nbsp;&nbsp;&nbsp;Cirrus Logic <sup>[1](#d001_v1)</sup> | 84918 | 12280841 |
| &nbsp;&nbsp;&nbsp;Cohu <sup>[1](#d001_v1)</sup> | 287791 | 8812160 |
| &nbsp;&nbsp;&nbsp;Diodes <sup>[1](#d001_v1)</sup> | 5149 | 351471 |
| &nbsp;&nbsp;&nbsp;Enphase Energy <sup>[1](#d001_v1)</sup> | 23035 | 870953 |
| &nbsp;&nbsp;&nbsp;FormFactor <sup>[1](#d001_v1)</sup> | 113571 | 11015251 |
| &nbsp;&nbsp;&nbsp;Ichor Holdings <sup>[1](#d001_v1)</sup> | 130727 | 6093186 |
| &nbsp;&nbsp;&nbsp;Impinj <sup>[1](#d001_v1)</sup> | 110676 | 11366425 |
| &nbsp;&nbsp;&nbsp;Kulicke & Soffa Industries | 89128 | 5857492 |
| &nbsp;&nbsp;&nbsp;MKS | 58018 | 13333117 |
| &nbsp;&nbsp;&nbsp;Onto Innovation <sup>[1](#d001_v1)</sup> | 67828 | 13909488 |
| &nbsp;&nbsp;&nbsp;Penguin Solutions <sup>[1](#d001_v1)</sup> | 54847 | 965307 |
| &nbsp;&nbsp;&nbsp;Photronics <sup>[1](#d001_v1)</sup> | 236263 | 9547388 |
| &nbsp;&nbsp;&nbsp;Qorvo <sup>[1](#d001_v1)</sup> | 2652 | 205265 |
| &nbsp;&nbsp;&nbsp;Semtech Corporation <sup>[1](#d001_v1)</sup> | 80418 | 6183340 |
| &nbsp;&nbsp;&nbsp;SiTime Corporation <sup>[1](#d001_v1)</sup> | 19070 | 6585825 |
| &nbsp;&nbsp;&nbsp;Tower Semiconductor <sup>[1](#d001_v1)</sup> | 61397 | 10773946 |
| &nbsp;&nbsp;&nbsp;Ultra Clean Holdings <sup>[1](#d001_v1)</sup> | 107130 | 6661343 |
|  |  | 133294024 |
| Software - 1.4% |  |  |
| &nbsp;&nbsp;&nbsp;Adeia | 136542 | 3281104 |
| &nbsp;&nbsp;&nbsp;Agilysys <sup>[1](#d001_v1)</sup> | 61937 | 4406198 |
| &nbsp;&nbsp;&nbsp;Box Cl. A <sup>[1](#d001_v1)</sup> | 11926 | 281931 |
| &nbsp;&nbsp;&nbsp;Computer Modelling Group | 389611 | 1198717 |
| &nbsp;&nbsp;&nbsp;I3 Verticals Cl. A <sup>[1](#d001_v1)</sup> | 20645 | 461622 |
| &nbsp;&nbsp;&nbsp;InterDigital <sup>[3](#d003_v1)</sup> | 2698 | 814796 |
| &nbsp;&nbsp;&nbsp;JFrog <sup>[1](#d001_v1)</sup> | 306039 | 14362410 |
| &nbsp;&nbsp;&nbsp;PAR Technology <sup>[1](#d001_v1)</sup> | 209239 | 2789156 |
| &nbsp;&nbsp;&nbsp;Progress Software <sup>[1](#d001_v1)</sup> | 50442 | 1293837 |
| &nbsp;&nbsp;&nbsp;Teradata Corporation <sup>[1](#d001_v1)</sup> | 55258 | 1416263 |
| &nbsp;&nbsp;&nbsp;Vertex Cl. A <sup>[1](#d001_v1)</sup> | 41000 | 487490 |
|  |  | 30793524 |
| **Total** |  | 299663471 |
| **Materials – 7.7%** |  |  |
| Chemicals - 3.3% |  |  |
| &nbsp;&nbsp;&nbsp;Element Solutions | 531478 | 18144659 |
| &nbsp;&nbsp;&nbsp;5N Plus <sup>[1](#d001_v1)</sup> | 227112 | 5172100 |
| &nbsp;&nbsp;&nbsp;Flotek Industries <sup>[1](#d001_v1)</sup> | 143000 | 2426710 |
| &nbsp;&nbsp;&nbsp;Hawkins | 78682 | 12085555 |
| &nbsp;&nbsp;&nbsp;Ingevity Corporation <sup>[1](#d001_v1)</sup> | 179868 | 12811998 |
| &nbsp;&nbsp;&nbsp;Innospec | 35704 | 2607106 |
| &nbsp;&nbsp;&nbsp;Koppers Holdings | 8237 | 318607 |
| &nbsp;&nbsp;&nbsp;Quaker Houghton | 170114 | 21133262 |
|  |  | 74699997 |
| Construction Materials - 0.2% |  |  |
| &nbsp;&nbsp;&nbsp;United States Lime & Minerals | 25759 | 3364383 |
| Containers & Packaging - 0.4% |  |  |
| &nbsp;&nbsp;&nbsp;Myers Industries | 59272 | 1255381 |
| &nbsp;&nbsp;&nbsp;Sealed Air | 55490 | 2333355 |
| &nbsp;&nbsp;&nbsp;Silgan Holdings | 125569 | 4872077 |
|  |  | 8460813 |
| Metals & Mining - 3.4% |  |  |
| &nbsp;&nbsp;&nbsp;Alamos Gold Cl. A | 430000 | 19130688 |
| &nbsp;&nbsp;&nbsp;Alpha Metallurgical Resources <sup>[1](#d001_v1)</sup> | 4679 | 960458 |
| &nbsp;&nbsp;&nbsp;Century Aluminum <sup>[1](#d001_v1)</sup> | 141144 | 8283742 |
| &nbsp;&nbsp;&nbsp;Commercial Metals <sup>[3](#d003_v1)</sup> | 53970 | 3315377 |
| &nbsp;&nbsp;&nbsp;Gold Fields ADR | 326500 | 14823100 |
| &nbsp;&nbsp;&nbsp;IAMGOLD Corporation <sup>[1](#d001_v1)</sup> | 500000 | 9410000 |
| &nbsp;&nbsp;&nbsp;Major Drilling Group International <sup>[1](#d001_v1)</sup> | 1296691 | 14932780 |
| &nbsp;&nbsp;&nbsp;Metallus <sup>[1](#d001_v1)</sup> | 23165 | 378516 |
| &nbsp;&nbsp;&nbsp;Reliance | 7725 | 2347782 |
| &nbsp;&nbsp;&nbsp;SunCoke Energy | 108181 | 704258 |
| &nbsp;&nbsp;&nbsp;Worthington Steel | 38026 | 1154089 |
|  |  | 75440790 |
| Paper & Forest Products - 0.4% |  |  |
| &nbsp;&nbsp;&nbsp;Stella-Jones | 101710 | 6824535 |
| &nbsp;&nbsp;&nbsp;Sylvamo Corporation | 66008 | 2788178 |
|  |  | 9612713 |
| **Total** |  | 171578696 |
| **Real Estate – 1.6%** |  |  |
| Diversified REITs - 0.0% |  |  |
| &nbsp;&nbsp;&nbsp;New York REIT <sup>[1](#d001_v1),[4](#d004_v1)</sup> | 15000 | 96450 |
| Real Estate Management & Development - 1.6% |  |  |
| &nbsp;&nbsp;&nbsp;Colliers International Group | 63026 | 6736849 |
| &nbsp;&nbsp;&nbsp;FirstService Corporation | 84585 | 11752240 |
| &nbsp;&nbsp;&nbsp;FRP Holdings <sup>[1](#d001_v1)</sup> | 108661 | 2377503 |
| &nbsp;&nbsp;&nbsp;Marcus & Millichap | 164412 | 4371715 |
| &nbsp;&nbsp;&nbsp;St. Joe Company (The) | 78800 | 4948640 |
| &nbsp;&nbsp;&nbsp;Tejon Ranch <sup>[1](#d001_v1)</sup> | 313818 | 5912331 |
|  |  | 36099278 |
| **Total** |  | 36195728 |
| **Utilities – 0.2%** |  |  |
| Electric Utilities - 0.2% |  |  |
| &nbsp;&nbsp;&nbsp;MGE Energy | 21552 | 1665754 |
| &nbsp;&nbsp;&nbsp;Otter Tail | 31487 | 2763614 |
|  |  | 4429368 |
| Water Utilities - 0.0% |  |  |
| &nbsp;&nbsp;&nbsp;American States Water Company | 4316 | 326376 |
| **Total** |  | 4755744 |
| **TOTAL COMMON STOCKS** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $1,545,105,588) |  | 2117943881 |
| **INVESTMENT COMPANIES – 0.5%** |  |  |
| **Materials – 0.5%** |  |  |
| Metals & Mining - 0.5% |  |  |
| &nbsp;&nbsp;&nbsp;VanEck Junior Gold Miners ETF | 88758 | 10654510 |
| &nbsp;&nbsp;&nbsp;(Cost $3,023,720) |  | 10654510 |
| **INVESTMENTS AT VALUE** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $1,548,129,308) |  | 2128598391 |
| **REPURCHASE AGREEMENT – 4.6%** |  |  |
| Fixed Income Clearing Corporation, |  |  |
| &nbsp;&nbsp;&nbsp;3.00% dated 3/31/26, due 4/1/26, |  |  |
| &nbsp;&nbsp;&nbsp;maturity value $103,117,547 (collateralized |  |  |
| &nbsp;&nbsp;&nbsp;by obligations of U.S. Government |  |  |
| &nbsp;&nbsp;&nbsp;Agencies, 3.625% due 8/31/27, valued at $105,171,145) |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $103,108,955) |  | 103108955 |
| **TOTAL INVESTMENTS – 100.0%** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $1,651,238,263) |  | 2231707346 |
| **LIABILITIES LESS CASH** |  |  |
| &nbsp;&nbsp;&nbsp;**AND OTHER ASSETS – (0.0)%** |  | (989059) |
| **NET ASSETS – 100.0%** |  | $**2230718287** |

---

For the purposes of this report, "ADR" shall mean American Depository Receipt and "ETF" shall mean Exchange-Traded Fund.

<sup>1</sup> Non-income producing.

<sup>2</sup> These securities are defined as Level 2 securities due to fair value being based on quoted prices for similar securities and/or due to the application of fair value factors.

<sup>3</sup> All or a portion of these securities were pledged as collateral in connection with the Fund's revolving credit agreement as of March 31, 2026. Total market value of pledged securities as of March 31, 2026, was $1,007,894.

<sup>4</sup> A security for which market quotations are not readily available represents 0.0% of net assets. This security has been valued at its fair value under procedures approved by the Fund's Board of Directors. This security is defined as a Level 3 security due to the use of significant unobservable inputs in the determination of fair value.

**TAX INFORMATION:** The cost of total investments for Federal income tax purposes was $1,655,868,200. As of March 31, 2026, net unrealized appreciation for all securities was $575,839,146, consisting of aggregate gross unrealized appreciation of $711,082,303 and aggregate gross unrealized depreciation of $135,243,157. The primary cause of the difference between book and tax basis cost is the timing of the recognition of losses on securities sold.

**Valuation of Investments:**

Royce Small-Cap Trust, Inc. (the "Fund"), is a diversified closed-end investment company that was incorporated under the laws of the State of Maryland on July 1, 1986. The Fund commenced operations on November 26, 1986. Royce & Associates, LP, the Fund's investment adviser, is a majority-owned subsidiary of Franklin Resources, Inc. and primarily conducts business using the name Royce Investment Partners ("Royce"). Investment transactions are accounted for on the trade date. Portfolio securities held by the Fund are valued as of the close of trading on the New York Stock Exchange ("NYSE") (generally 4:00 p.m. Eastern time) on the valuation date. Investments in money market funds are valued at net asset value per share. Values for non-U.S. dollar denominated equity securities are converted to U.S. dollars daily based upon prevailing foreign currency exchange rates as quoted by a major bank.

Portfolio securities that are listed on an exchange or Nasdaq, or traded on OTC Market Group Inc.'s OTC Link ATS or other alternative trading system, are valued: (i) on the basis of their last reported sales prices or official closing prices, as applicable, on a valuation date; or (ii) at their highest reported bid prices in the event such equity securities did not trade on a valuation date. Such inputs are generally referred to as "Level 1" inputs because they represent reliable quoted prices in active markets for identical securities.

If the value of a portfolio security held by the Fund cannot be determined solely by reference to Level 1 inputs, such portfolio security will be "fair valued." The Fund's Board of Directors has designated Royce as valuation designee to perform fair value determinations for such portfolio securities in accordance with Rule 2a-5 under the Investment Company Act of 1940 ("Rule 2a-5"). Pursuant to Rule 2a-5, fair values are determined in accordance with policies and procedures approved by the Fund's Board of Directors and policies and procedures adopted by Royce in its capacity as valuation designee for the Fund. Fair valued securities are reported as either "Level 2" or "Level 3" securities.

As a general principle, the fair value of a security is the amount which the Fund might reasonably expect to receive for the security upon its current sale. However, in light of the judgment involved in fair valuations, no assurance can be given that a fair value assigned to a particular portfolio security will be the amount which the Fund might be able to receive upon its current sale. When a fair value pricing methodology is used, the fair value prices used by the Fund for such securities will likely differ from the quoted or published prices for the same securities.

Level 2 inputs are other significant observable inputs (e.g., dealer bid side quotes and quoted prices for securities with comparable characteristics). Examples of situations in which Level 2 inputs are used to fair value portfolio securities held by the Fund on a particular valuation date include:

● Over-the-counter equity securities other than those traded on OTC Market Group Inc.'s OTC Link ATS or other alternative trading system (collectively referred to herein as "Other OTC Equity Securities") are fair valued at their highest bid price when Royce receives at least two bid side quotes from dealers who make markets in such securities;

● Certain bonds and other fixed income securities may be fair valued by reference to other securities with comparable ratings, interest rates, and maturities in accordance with valuation methodologies maintained by certain independent pricing services; and

● The Fund uses an independent pricing service to fair value certain non-U.S. equity securities when U.S. market volatility exceeds a certain threshold set by Royce as valuation designee. This pricing service uses proprietary correlations it has developed between the movement of prices of non-U.S. equity securities and indices of U.S.-traded securities, futures contracts, and other indications to estimate the fair value of such non-U.S. securities.

Level 3 inputs are significant unobservable inputs. Examples of Level 3 inputs include (without limitation) the last trade price for a security before trading was suspended or terminated; discounts to last trade price for lack of marketability or otherwise; market price information regarding other securities; information received from the issuer and/or published documents, including SEC filings and financial statements; and other publicly available information. Pursuant to the above-referenced policies and procedures, Royce may use various techniques in making fair value determinations based upon Level 3 inputs, which techniques may include (without limitation): (i) workout valuation methods (e.g., earnings multiples, discounted cash flows, liquidation values, derivations of book value, firm or probable offers from qualified buyers for the issuer's ongoing business, etc.); (ii) discount or premium from market, or compilation of other observable market information, for other similar freely traded securities; (iii) conversion from the readily available market price of a security into which an affected security is convertible or exchangeable; and (iv) pricing models or other formulas.

A security that is valued by reference to Level 1 or Level 2 inputs may drop to Level 3 on a particular valuation date for several reasons, including if:

● an equity security that is listed on an exchange or Nasdaq, or traded on OTC Market Group Inc.'s OTC Link ATS or other alternative trading system, has not traded and there are no bids;

● Royce does not receive at least two bid side quotes for an Other OTC Equity Security;

● the independent pricing services are unable to supply fair value prices; or

● the Level 1 or Level 2 inputs become otherwise unreliable for any reason (e.g., a significant event occurs after the close of trading for a security but prior to the time the Fund prices its shares).

The table below shows the aggregate value of the various Level 1, Level 2, and Level 3 securities held by the Fund as of March 31, 2026. Any Level 2 or Level 3 securities held by the Fund are noted in its Schedule of Investments. The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with owning those securities.

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Common Stocks | $2102557305 | $15290126 | $96450 | $2117943881 |
| Investment Companies | 10654510 |  |  | 10654510 |
| Repurchase Agreement |  | 103108955 |  | 103108955 |

---

**Repurchase Agreements:**

The Fund may enter into repurchase agreements with institutions that the Fund's investment adviser has determined are creditworthy. The Fund restricts repurchase agreements to maturities of no more than seven days. Securities pledged as collateral for repurchase agreements, which are held until maturity of the repurchase agreements, are marked-to-market daily and maintained at a value at least equal to the principal amount of the repurchase agreement (including accrued interest). Repurchase agreements could involve certain risks in the event of default or insolvency of the counter-party, including possible delays or restrictions upon the ability of the Fund to dispose of its underlying securities. The remaining contractual maturity of the repurchase agreement held by the Fund as of March 31, 2026, is next business day and continuous.

**Borrowings:**

The Fund is party to a revolving credit agreement (the "credit agreement") with BNP Paribas Prime Brokerage International, Limited (BNPPI). The Fund pays a commitment fee of 0.50% per annum on the unused portion of the then-current maximum amount that may be borrowed by the Fund under the credit agreement. The credit agreement has a 179-day rolling term that resets daily. The Fund pledges eligible portfolio securities as collateral and has granted a security interest in such pledged securities to, and in favor of, BNPPI as security for the loan balance outstanding. The amount of eligible portfolio securities required to be pledged as collateral is determined by BNPPI in accordance with the credit agreement. In determining collateral requirements, the value of eligible securities pledged as collateral is subject to discount by BNPPI based upon a variety of factors set forth in the credit agreement.

If the Fund fails to meet certain requirements, or comply with other financial covenants set forth in the credit agreement, the Fund may be required to repay immediately, in part or in full, the loan balance outstanding under the credit agreement, which may necessitate the sale of portfolio securities at potentially inopportune times. BNPPI may terminate the credit agreement upon certain ratings downgrades of its corporate parent, which would result in the Fund's entire loan balance becoming immediately due and payable. The occurrence of such ratings downgrades may necessitate the sale of portfolio securities at potentially inopportune times. BNPPI may also terminate the credit agreement upon sixty (60) calendar days' prior written notice to the Fund in the event the Fund's net asset value per share as of the close of business on the last business day of any calendar month declines by thirty-five percent (35%) or more from the Fund's net asset value per share as of the close of business on the last business day of the immediately preceding calendar month.

The credit agreement also permits, subject to certain conditions, BNPPI to rehypothecate portfolio securities pledged by the Fund up to the amount of the loan balance outstanding. The Fund continues to receive payments in lieu of dividends and interest on rehypothecated securities. The Fund also has the right under the credit agreement to recall the rehypothecated securities from BNPPI on demand. If BNPPI fails to deliver the recalled security in a timely manner, the Fund is compensated by BNPPI for any fees or losses related to the failed delivery or, in the event a recalled security is not returned by BNPPI, the Fund, upon notice to BNPPI, may reduce the loan balance outstanding by the value of the recalled security failed to be returned. The Fund receives a portion of the fees earned by BNPPI in connection with the rehypothecation of portfolio securities.

As of March 31, 2026, the Fund had no outstanding borrowings under the credit agreement. The Fund and BNPPI may agree for the Fund to borrow again under the credit agreement, which borrowed amount may not exceed $150,000,000. During the three-month period ended March 31, 2026, the Fund had an average daily loan balance of $0. As of March 31, 2026, the aggregate value of rehypothecated securities was $0.

Other information regarding the Fund is available in the Fund's most recent Report to Stockholders. This information is available through Royce Investment Partners (www.royceinvest.com) and on the Securities and Exchange Commission's website (www.sec.gov).

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** ROYCE SMALL-CAP TRUST, INC.

- **b. Investment Company Act file number:** 811-04875

- **c. CIK number of Registrant:** 0000804116

- **d. LEI of Registrant:** 254900NJE1W1YYKNVM16

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

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

  - **City:** NEW YORK

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10010

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

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

- **a. Name of Series:** ROYCE SMALL-CAP TRUST, INC.

- **c. LEI of Series:** 254900NJE1W1YYKNVM16

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

- **a. Date of fiscal year-end:** 2026-12-31

- **b. Date as of which information is reported:** 2026-03-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $2233225048.48

**Total Liabilities:** $2601875.99

**Net Assets:** $2230623172.49

**Cash Not Reported:** $104136.24

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 6.39%                | 3.99%                | -5.85%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $35043258.77             | $104313821.69                              |
| Month 2  | $42507864.76             | $49228811.43                               |
| Month 3  | $28237752.90             | $-173459498.93                             |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AAON Inc                                      | AAON Inc                                      | CUSIP: 000360206<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    114247 | NS      | $9453939.25   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| AAR Corp                                      | AAR Corp                                      | CUSIP: 000361105<br>LEI: MP76T5YQX3YK5VVAQ802 | Long             | EC               | CORP              | US        |      9000 | NS      | $985140.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| ADMA Biologics Inc                            | ADMA Biologics Inc                            | CUSIP: 000899104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     17427 | NS      | $157017.27    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ACV Auctions Inc                              | ACV Auctions Inc                              | CUSIP: 00091G104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    457300 | NS      | $1938952.00   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| AMN Healthcare Services Inc                   | AMN Healthcare Services Inc                   | CUSIP: 001744101<br>LEI: 529900W3ARRTCNFH2I39 | Long             | EC               | CORP              | US        |     45418 | NS      | $832966.12    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| ANI Pharmaceuticals Inc                       | ANI Pharmaceuticals Inc                       | CUSIP: 00182C103<br>LEI: 5493000T6CXTND40YH31 | Long             | EC               | CORP              | US        |     12533 | NS      | $963787.70    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| API Group Corp                                | API Group Corp                                | CUSIP: 00187Y100<br>LEI: 213800NZT1VX6PZ7BT53 | Long             | EC               | CORP              | US        |    663180 | NS      | $26872053.60  | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| ATS Corp                                      | ATS Corp                                      | CUSIP: 00217Y104<br>LEI: 5493005KP4RP3IU7HQ41 | Long             | EC               | CORP              | CA        |     63500 | NS      | $1789831.79   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| AZZ Inc                                       | AZZ Inc                                       | CUSIP: 002474104<br>LEI: 549300HD1X2NFLWPYC83 | Long             | EC               | CORP              | US        |      7122 | NS      | $891175.86    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Abacus Global Management Inc                  | Abacus Global Management Inc                  | CUSIP: 00258Y104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    565017 | NS      | $4452333.96   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Academy Sports & Outdoors Inc                 | Academy Sports & Outdoors Inc                 | CUSIP: 00402L107<br>LEI: 529900HST589BD301M91 | Long             | EC               | CORP              | US        |    224827 | NS      | $12691484.15  | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| ADTRAN Holdings Inc                           | ADTRAN Holdings Inc                           | CUSIP: 00486H105<br>LEI: 549300VV36J86CRRWF77 | Long             | EC               | CORP              | US        |    168000 | NS      | $2113440.00   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Addus HomeCare Corp                           | Addus HomeCare Corp                           | CUSIP: 006739106<br>LEI: 52990090ZT33AKPDBX62 | Long             | EC               | CORP              | US        |      5151 | NS      | $482391.15    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Adeia Inc                                     | Adeia Inc                                     | CUSIP: 00676P107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    136542 | NS      | $3281104.26   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Covista Inc                                   | Covista Inc                                   | CUSIP: 00737L103<br>LEI: 549300Z467EZLMODV621 | Long             | EC               | CORP              | US        |      3045 | NS      | $350936.25    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Advance Auto Parts Inc                        | Advance Auto Parts Inc                        | CUSIP: 00751Y106<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | EC               | CORP              | US        |    218089 | NS      | $11504194.75  | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| AeroVironment Inc                             | AeroVironment Inc                             | CUSIP: 008073108<br>LEI: 529900PGHVI29YLZ6221 | Long             | EC               | CORP              | US        |      1800 | NS      | $329490.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Agilysys Inc                                  | Agilysys Inc                                  | CUSIP: 00847J105<br>LEI: 5299001XWB5V3B5IPN93 | Long             | EC               | CORP              | US        |     61937 | NS      | $4406198.18   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Air Lease Corp                                | Air Lease Corp                                | CUSIP: 00912X302<br>LEI: 5493004NW4M4P8TMMK63 | Long             | EC               | CORP              | US        |     67939 | NS      | $4411958.66   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Alamo Group Inc                               | Alamo Group Inc                               | CUSIP: 011311107<br>LEI: 54930080C93RVZRSDV26 | Long             | EC               | CORP              | US        |     25645 | NS      | $4230655.65   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Alamos Gold Inc                               | Alamos Gold Inc                               | CUSIP: 011532108<br>LEI: 894500GIHFJZW7YS9660 | Long             | EC               | CORP              | CA        |    430000 | NS      | $19130687.94  | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Albany International Corp                     | Albany International Corp                     | CUSIP: 012348108<br>LEI: L73WCPNCZIRSQGZTW097 | Long             | EC               | CORP              | US        |      5339 | NS      | $278749.19    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Bread Financial Holdings Inc                  | Bread Financial Holdings Inc                  | CUSIP: 018581108<br>LEI: 549300G8S4PO686J7H97 | Long             | EC               | CORP              | US        |     38682 | NS      | $2896894.98   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Veradigm Inc                                  | Veradigm Inc                                  | CUSIP: 01988P108<br>LEI: Y68YJHVB1GU4TAU3C223 | Long             | EC               | CORP              | US        |    153900 | NS      | $715635.00    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Alpha Metallurgical Resources Inc             | Alpha Metallurgical Resources Inc             | CUSIP: 020764106<br>LEI: 254900VEBGZO2PY8R678 | Long             | EC               | CORP              | US        |      4679 | NS      | $960458.33    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphatec Holdings Inc                         | Alphatec Holdings Inc                         | CUSIP: 02081G201<br>LEI: 549300EZE8CQ8K65FS24 | Long             | EC               | CORP              | US        |     91000 | NS      | $990080.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Alumis Inc                                    | Alumis Inc                                    | CUSIP: 022307102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    242766 | NS      | $5348134.98   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameresco Inc                                  | Ameresco Inc                                  | CUSIP: 02361E108<br>LEI: 529900NZXZGBCBXYY327 | Long             | EC               | CORP              | US        |    225391 | NS      | $5747470.50   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| American States Water Co                      | American States Water Co                      | CUSIP: 029899101<br>LEI: 529900L26LIS2V8PWM23 | Long             | EC               | CORP              | US        |      4316 | NS      | $326375.92    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERISAFE Inc                                 | AMERISAFE Inc                                 | CUSIP: 03071H100<br>LEI: 2549002B4EXPBLGMNN22 | Long             | EC               | CORP              | US        |    111845 | NS      | $3727793.85   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Amphastar Pharmaceuticals Inc                 | Amphastar Pharmaceuticals Inc                 | CUSIP: 03209R103<br>LEI: 54930055TH0ZLSAQMJ38 | Long             | EC               | CORP              | US        |     31000 | NS      | $607290.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Andersen Group Inc                            | Andersen Group Inc                            | CUSIP: 033853102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    363230 | NS      | $9879856.00   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Andersons Inc/The                             | Andersons Inc/The                             | CUSIP: 034164103<br>LEI: L38MWB8MVRFV7HVJPU11 | Long             | EC               | CORP              | US        |     24927 | NS      | $1789260.06   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Apogee Enterprises Inc                        | Apogee Enterprises Inc                        | CUSIP: 037598109<br>LEI: 549300579S7QW8V4IJ60 | Long             | EC               | CORP              | US        |     18061 | NS      | $605765.94    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Industrial Technologies Inc           | Applied Industrial Technologies Inc           | CUSIP: 03820C105<br>LEI: 549300NU173IJRC6PO38 | Long             | EC               | CORP              | US        |     18500 | NS      | $4908420.00   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Arcosa Inc                                    | Arcosa Inc                                    | CUSIP: 039653100<br>LEI: 549300WFHLTCZV7D6V29 | Long             | EC               | CORP              | US        |    247558 | NS      | $26275806.12  | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Ares Management Corp                          | Ares Management Corp                          | CUSIP: 03990B101<br>LEI: 529900JUV61FH7B8VW38 | Long             | EC               | CORP              | US        |     31800 | NS      | $3469380.00   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Argan Inc                                     | Argan Inc                                     | CUSIP: 04010E109<br>LEI: 529900E4KZWBV9KGBS83 | Long             | EC               | CORP              | US        |      9393 | NS      | $5115897.45   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Artisan Partners Asset Management Inc         | Artisan Partners Asset Management Inc         | CUSIP: 04316A108<br>LEI: 549300T1FUI6JF63XU51 | Long             | EC               | CORP              | US        |    260363 | NS      | $9474609.57   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Asbury Automotive Group Inc                   | Asbury Automotive Group Inc                   | CUSIP: 043436104<br>LEI: 549300JH4DTA7U42GL91 | Long             | EC               | CORP              | US        |     10555 | NS      | $2062552.55   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Astec Industries Inc                          | Astec Industries Inc                          | CUSIP: 046224101<br>LEI: 5493002DO2QKHLKB2A48 | Long             | EC               | CORP              | US        |     14745 | NS      | $793870.80    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlantic Union Bankshares Corp                | Atlantic Union Bankshares Corp                | CUSIP: 04911A107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     47000 | NS      | $1679780.00   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Atmus Filtration Technologies Inc             | Atmus Filtration Technologies Inc             | CUSIP: 04956D107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    273559 | NS      | $15529944.43  | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| AutoCanada Inc                                | AutoCanada Inc                                | CUSIP: 05277B209<br>LEI: 549300BPCHUK5M1WZS45 | Long             | EC               | CORP              | CA        |    605600 | NS      | $8946215.23   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Avanos Medical Inc                            | Avanos Medical Inc                            | CUSIP: 05350V106<br>LEI: 549300YCXWOM7NEWMQ58 | Long             | EC               | CORP              | US        |     53588 | NS      | $750767.88    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Avantor Inc                                   | Avantor Inc                                   | CUSIP: 05352A100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    379614 | NS      | $2976173.76   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Axcelis Technologies Inc                      | Axcelis Technologies Inc                      | CUSIP: 054540208<br>LEI: 529900HF9B6NL1QG9F05 | Long             | EC               | CORP              | US        |     18580 | NS      | $1729426.40   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Axogen Inc                                    | Axogen Inc                                    | CUSIP: 05463X106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     28500 | NS      | $944205.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Axsome Therapeutics Inc                       | Axsome Therapeutics Inc                       | CUSIP: 05464T104<br>LEI: 549300EXGR0XLRJEIB95 | Long             | EC               | CORP              | US        |     41023 | NS      | $6933707.46   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Axos Financial Inc                            | Axos Financial Inc                            | CUSIP: 05465C100<br>LEI: 529900D8M56422GK9O25 | Long             | EC               | CORP              | US        |     11588 | NS      | $986022.92    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Badger Meter Inc                              | Badger Meter Inc                              | CUSIP: 056525108<br>LEI: 5493002JENE20OGTUG20 | Long             | EC               | CORP              | US        |      7533 | NS      | $1147652.55   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Bancorp Inc/The                               | Bancorp Inc/The                               | CUSIP: 05969A105<br>LEI: 894500FP2ICT1B019Y71 | Long             | EC               | CORP              | US        |      5578 | NS      | $299705.94    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| BankUnited Inc                                | BankUnited Inc                                | CUSIP: 06652K103<br>LEI: 96OVUWEW5D4YX6PFXD91 | Long             | EC               | CORP              | US        |    257388 | NS      | $11623642.08  | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Barrett Business Services Inc                 | Barrett Business Services Inc                 | CUSIP: 068463108<br>LEI: 529900HXB6TMG0SR9Y34 | Long             | EC               | CORP              | US        |    189902 | NS      | $5541340.36   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Bath & Body Works Inc                         | Bath & Body Works Inc                         | CUSIP: 070830104<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | EC               | CORP              | US        |    182448 | NS      | $3406304.16   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Bel Fuse Inc                                  | Bel Fuse Inc                                  | CUSIP: 077347300<br>LEI: 2549009L4XYDBRRY6X39 | Long             | EC               | CORP              | US        |      5500 | NS      | $1088890.00   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Benchmark Electronics Inc                     | Benchmark Electronics Inc                     | CUSIP: 08160H101<br>LEI: 549300W18RHYZOZKOP53 | Long             | EC               | CORP              | US        |     35471 | NS      | $1988504.26   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Beacon Financial Corp                         | Beacon Financial Corp                         | CUSIP: 084680107<br>LEI: 549300AS2OC6UMMBNO37 | Long             | EC               | CORP              | US        |     31519 | NS      | $945570.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| BioLife Solutions Inc                         | BioLife Solutions Inc                         | CUSIP: 09062W204<br>LEI: 549300G2IVCMC2TJDW72 | Long             | EC               | CORP              | US        |     79000 | NS      | $1507320.00   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Bio-Techne Corp                               | Bio-Techne Corp                               | CUSIP: 09073M104<br>LEI: 54930073RLKQ51TILZ35 | Long             | EC               | CORP              | US        |    109313 | NS      | $5712697.38   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Strata Critical Medical Inc                   | Strata Critical Medical Inc                   | CUSIP: 092667104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    546819 | NS      | $2285703.42   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| H&R Block Inc                                 | H&R Block Inc                                 | CUSIP: 093671105<br>LEI: 549300CE3KUCWLZBG404 | Long             | EC               | CORP              | US        |     59872 | NS      | $1900337.28   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| BorgWarner Inc                                | BorgWarner Inc                                | CUSIP: 099724106<br>LEI: 549300DSFX2IE88NSX47 | Long             | EC               | CORP              | US        |      7517 | NS      | $407872.42    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Box Inc                                       | Box Inc                                       | CUSIP: 10316T104<br>LEI: 549300KQUCPD8687YS68 | Long             | EC               | CORP              | US        |     11926 | NS      | $281930.64    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Brady Corp                                    | Brady Corp                                    | CUSIP: 104674106<br>LEI: 549300G2LEQOFQC8GY34 | Long             | EC               | CORP              | US        |    248660 | NS      | $20201138.40  | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| BridgeBio Oncology Therapeutics Inc           | BridgeBio Oncology Therapeutics Inc           | CUSIP: 107924102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    212359 | NS      | $1900613.05   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Bridgebio Pharma Inc                          | Bridgebio Pharma Inc                          | CUSIP: 10806X102<br>LEI: 54930028YG89VTY2J114 | Long             | EC               | CORP              | US        |    127136 | NS      | $9441119.36   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| BrightView Holdings Inc                       | BrightView Holdings Inc                       | CUSIP: 10948C107<br>LEI: 549300F8QN8YHVI7L866 | Long             | EC               | CORP              | US        |    217060 | NS      | $2559137.40   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Acadian Asset Management Inc                  | Acadian Asset Management Inc                  | CUSIP: 10948W103<br>LEI: 5493004FTLQNQTBOP608 | Long             | EC               | CORP              | US        |     30414 | NS      | $1655129.88   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| BrightSpring Health Services Inc              | BrightSpring Health Services Inc              | CUSIP: 10950A106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     32577 | NS      | $1388105.97   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Brinker International Inc                     | Brinker International Inc                     | CUSIP: 109641100<br>LEI: 52990067JY6PBGJNTG76 | Long             | EC               | CORP              | US        |      3804 | NS      | $543097.08    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Bristow Group Inc                             | Bristow Group Inc                             | CUSIP: 11040G103<br>LEI: 5493005Q24EN3UC1PV68 | Long             | EC               | CORP              | US        |    219464 | NS      | $10290666.96  | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Brunswick Corp/DE                             | Brunswick Corp/DE                             | CUSIP: 117043109<br>LEI: YM4O38W15AX4YLLQKU27 | Long             | EC               | CORP              | US        |    137498 | NS      | $10004354.48  | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Buckle Inc/The                                | Buckle Inc/The                                | CUSIP: 118440106<br>LEI: 5299007IU0461T3GDL34 | Long             | EC               | CORP              | US        |     57521 | NS      | $2896757.56   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| CBIZ Inc                                      | CBIZ Inc                                      | CUSIP: 124805102<br>LEI: 529900D5X8CFM8O1N813 | Long             | EC               | CORP              | US        |    187787 | NS      | $5042080.95   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| CECO Environmental Corp                       | CECO Environmental Corp                       | CUSIP: 125141101<br>LEI: 5493002CZCTL4HGLIY91 | Long             | EC               | CORP              | US        |    164948 | NS      | $9827601.84   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| CSG Systems International Inc                 | CSG Systems International Inc                 | CUSIP: 126349109<br>LEI: 549300D7FJZUOHHXUA81 | Long             | EC               | CORP              | US        |     11179 | NS      | $893649.26    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| CSW Industrials Inc                           | CSW Industrials Inc                           | CUSIP: 126402106<br>LEI: 549300SYOEO3RVQ7FB83 | Long             | EC               | CORP              | US        |     10120 | NS      | $2637069.60   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| CTS Corp                                      | CTS Corp                                      | CUSIP: 126501105<br>LEI: 549300YV1HQLBVHOI649 | Long             | EC               | CORP              | US        |     25422 | NS      | $1214154.72   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| CVR Energy Inc                                | CVR Energy Inc                                | CUSIP: 12662P108<br>LEI: 529900SOYZIXZBTXB558 | Long             | EC               | CORP              | US        |      9151 | NS      | $307931.15    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Cable One Inc                                 | Cable One Inc                                 | CUSIP: 12685J105<br>LEI: 549300648QS85T0XSH18 | Long             | EC               | CORP              | US        |      5229 | NS      | $476937.09    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Cactus Inc                                    | Cactus Inc                                    | CUSIP: 127203107<br>LEI: 549300J3T8C9F8QFKV08 | Long             | EC               | CORP              | US        |     49201 | NS      | $2330651.37   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Cal-Maine Foods Inc                           | Cal-Maine Foods Inc                           | CUSIP: 128030202<br>LEI: 549300NHE5WMIEIEMF53 | Long             | EC               | CORP              | US        |      5102 | NS      | $403823.30    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| California Resources Corp                     | California Resources Corp                     | CUSIP: 13057Q305<br>LEI: 5493003Q8F0T4F4YMR48 | Long             | EC               | CORP              | US        |     33333 | NS      | $2307310.26   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| CareDx Inc                                    | CareDx Inc                                    | CUSIP: 14167L103<br>LEI: 549300NQOFKL9NON0U06 | Long             | EC               | CORP              | US        |     66000 | NS      | $1145760.00   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Cars.com Inc                                  | Cars.com Inc                                  | CUSIP: 14575E105<br>LEI: 5493002G6J07LNGX4M98 | Long             | EC               | CORP              | US        |    107001 | NS      | $868848.12    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Carter's Inc                                  | Carter's Inc                                  | CUSIP: 146229109<br>LEI: 5299003WAQK4R3L3ZU36 | Long             | EC               | CORP              | US        |     36878 | NS      | $1318757.28   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Catalyst Pharmaceuticals Inc                  | Catalyst Pharmaceuticals Inc                  | CUSIP: 14888U101<br>LEI: 5299004O0R5XXLA5H544 | Long             | EC               | CORP              | US        |    599279 | NS      | $14838148.04  | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Cathay General Bancorp                        | Cathay General Bancorp                        | CUSIP: 149150104<br>LEI: 549300K1SLJ8C97H5L68 | Long             | EC               | CORP              | US        |     29641 | NS      | $1477900.26   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Cavco Industries Inc                          | Cavco Industries Inc                          | CUSIP: 149568107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     14700 | NS      | $7119063.00   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Centessa Pharmaceuticals PLC                  | Centessa Pharmaceuticals PLC                  | CUSIP: 152309100<br>LEI: 213800GIDAARDSKOI827 | Long             | EC               | CORP              | GB        |    168580 | NS      | $6695997.60   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Central Garden & Pet Co                       | Central Garden & Pet Co                       | CUSIP: 153527106<br>LEI: 5493004DVZLD37DJ0H83 | Long             | EC               | CORP              | US        |     64222 | NS      | $2361442.94   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Central Garden & Pet Co                       | Central Garden & Pet Co                       | CUSIP: 153527205<br>LEI: 5493004DVZLD37DJ0H83 | Long             | EC               | CORP              | US        |     38087 | NS      | $1234780.54   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Century Aluminum Co                           | Century Aluminum Co                           | CUSIP: 156431108<br>LEI: 549300U5ODNGEYWKSW73 | Long             | EC               | CORP              | US        |    141144 | NS      | $8283741.36   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Chain Bridge Bancorp Inc                      | Chain Bridge Bancorp Inc                      | CUSIP: 15746L100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     44173 | NS      | $1541637.70   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Cirrus Logic Inc                              | Cirrus Logic Inc                              | CUSIP: 172755100<br>LEI: 549300NKSJEM5ZZSSV18 | Long             | EC               | CORP              | US        |     84918 | NS      | $12280841.16  | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Cogent Communications Holdings Inc            | Cogent Communications Holdings Inc            | CUSIP: 19239V302<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       127 | NS      | $2392.68      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Cognex Corp                                   | Cognex Corp                                   | CUSIP: 192422103<br>LEI: 549300JQTYZCLC43S226 | Long             | EC               | CORP              | US        |    261803 | NS      | $12825728.97  | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Cohen & Steers Inc                            | Cohen & Steers Inc                            | CUSIP: 19247A100<br>LEI: 549300XXIA338A0X2K65 | Long             | EC               | CORP              | US        |     29712 | NS      | $1858485.60   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Cohu Inc                                      | Cohu Inc                                      | CUSIP: 192576106<br>LEI: 529900FJPORJ3JJ2XS33 | Long             | EC               | CORP              | US        |    287791 | NS      | $8812160.42   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Enovis Corp                                   | Enovis Corp                                   | CUSIP: 194014502<br>LEI: 635400OP2DYYYMOIYL17 | Long             | EC               | CORP              | US        |    222033 | NS      | $5051250.75   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Collegium Pharmaceutical Inc                  | Collegium Pharmaceutical Inc                  | CUSIP: 19459J104<br>LEI: 54930049FXZMTLW8D496 | Long             | EC               | CORP              | US        |     51396 | NS      | $1699665.72   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Colliers International Group Inc              | Colliers International Group Inc              | CUSIP: 194693107<br>LEI: D3O8K13PHLEXXD1DT480 | Long             | EC               | CORP              | CA        |     63026 | NS      | $6736849.14   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Commercial Metals Co                          | Commercial Metals Co                          | CUSIP: 201723103<br>LEI: 549300OQS2LO07ZJ7N73 | Long             | EC               | CORP              | US        |     53970 | NS      | $3315377.10   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Compass Pathways Plc                          | Compass Pathways Plc                          | CUSIP: 20451W101<br>LEI: 213800N7CUZIC6QSTZ31 | Long             | EC               | CORP              | GB        |    133000 | NS      | $735490.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Compass Therapeutics Inc                      | Compass Therapeutics Inc                      | CUSIP: 20454B104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    576468 | NS      | $3049515.72   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Computer Modelling Group Ltd                  | Computer Modelling Group Ltd                  | CUSIP: 205249105<br>LEI: 254900W17JFUVTM20222 | Long             | EC               | CORP              | CA        |    389611 | NS      | $1198716.90   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| CompX International Inc                       | CompX International Inc                       | CUSIP: 20563P101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    166074 | NS      | $3879488.64   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Concentra Group Holdings Parent Inc           | Concentra Group Holdings Parent Inc           | CUSIP: 20603L102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     77388 | NS      | $1659972.60   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Corcept Therapeutics Inc                      | Corcept Therapeutics Inc                      | CUSIP: 218352102<br>LEI: 529900EO9LUTFMZ7FF90 | Long             | EC               | CORP              | US        |    132800 | NS      | $5353168.00   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Core Natural Resources Inc                    | Core Natural Resources Inc                    | CUSIP: 218937100<br>LEI: 549300YJCTPJBTK7IJ81 | Long             | EC               | CORP              | US        |     22653 | NS      | $2372448.69   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| CorVel Corp                                   | CorVel Corp                                   | CUSIP: 221006109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7270 | NS      | $397305.50    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Crane NXT Co                                  | Crane NXT Co                                  | CUSIP: 224441105<br>LEI: 549300EXNPSXEWUD3N21 | Long             | EC               | CORP              | US        |    194225 | NS      | $7883592.75   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Customers Bancorp Inc                         | Customers Bancorp Inc                         | CUSIP: 23204G100<br>LEI: 549300WLBCHYKZ53FN68 | Long             | EC               | CORP              | US        |     19804 | NS      | $1374595.64   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Cytokinetics Inc                              | Cytokinetics Inc                              | CUSIP: 23282W605<br>LEI: 549300BE5DY1HW7IHA64 | Long             | EC               | CORP              | US        |     67466 | NS      | $4446684.06   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| DXC Technology Co                             | DXC Technology Co                             | CUSIP: 23355L106<br>LEI: 549300DOVZ3EDJB7O259 | Long             | EC               | CORP              | US        |    188198 | NS      | $2365648.86   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Definium Therapeutics Inc                     | Definium Therapeutics Inc                     | CUSIP: 24477V105<br>LEI: 549300QY8KN1O6RPFJ13 | Long             | EC               | CORP              | CA        |     86000 | NS      | $1625400.00   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Digi International Inc                        | Digi International Inc                        | CUSIP: 253798102<br>LEI: 529900KG656HGROI4N27 | Long             | EC               | CORP              | US        |     56808 | NS      | $2738145.60   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| DigitalOcean Holdings Inc                     | DigitalOcean Holdings Inc                     | CUSIP: 25402D102<br>LEI: 549300EPISPY3RE3DL21 | Long             | EC               | CORP              | US        |    121321 | NS      | $10406915.38  | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Diodes Inc                                    | Diodes Inc                                    | CUSIP: 254543101<br>LEI: 549300XP2X1ARVH3BX23 | Long             | EC               | CORP              | US        |      5149 | NS      | $351470.74    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Donnelley Financial Solutions Inc             | Donnelley Financial Solutions Inc             | CUSIP: 25787G100<br>LEI: 549300O1NPY4J56QCU04 | Long             | EC               | CORP              | US        |    133528 | NS      | $6294509.92   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Dorchester Minerals LP                        | Dorchester Minerals LP                        | CUSIP: 25820R105<br>LEI: 529900J537JTEZOMXG05 | Long             | EC               | CORP              | US        |    279148 | NS      | $7564910.80   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Dorman Products Inc                           | Dorman Products Inc                           | CUSIP: 258278100<br>LEI: 2549000O0BBUX740XR59 | Long             | EC               | CORP              | US        |    159182 | NS      | $16612233.52  | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| E-L Financial Corp Ltd                        | E-L Financial Corp Ltd                        | CUSIP: 268575107<br>LEI: 5493008YS2NMV2UCI287 | Long             | EC               | CORP              | CA        |   1165000 | NS      | $13257098.70  | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| EVI Industries Inc                            | EVI Industries Inc                            | CUSIP: 26929N102<br>LEI: 549300RU296J63VW0297 | Long             | EC               | CORP              | US        |     81657 | NS      | $1680501.06   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| CONTRA 89BIO INC                              | CONTRA 89BIO INC                              | CUSIP: 282CVR018<br>LEI: N/A                  | N/A              | DE               |  | US        |     34000 | NS      | $17000.00     | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Elanco Animal Health Inc                      | Elanco Animal Health Inc                      | CUSIP: 28414H103<br>LEI: 549300SHPNDCE059M934 | Long             | EC               | CORP              | US        |    254815 | NS      | $6097722.95   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Element Solutions Inc                         | Element Solutions Inc                         | CUSIP: 28618M106<br>LEI: 549300FLGN6P5CU20J91 | Long             | EC               | CORP              | US        |    531478 | NS      | $18144658.92  | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Embecta Corp                                  | Embecta Corp                                  | CUSIP: 29082K105<br>LEI: 549300RPG8GXVDHNXZ62 | Long             | EC               | CORP              | US        |     55784 | NS      | $493130.56    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Employers Holdings Inc                        | Employers Holdings Inc                        | CUSIP: 292218104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     32680 | NS      | $1344455.20   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Enact Holdings Inc                            | Enact Holdings Inc                            | CUSIP: 29249E109<br>LEI: 9845003CA5664B741N19 | Long             | EC               | CORP              | US        |     45334 | NS      | $1850080.54   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Encore Capital Group Inc                      | Encore Capital Group Inc                      | CUSIP: 292554102<br>LEI: 5493000UVC6H49CIH830 | Long             | EC               | CORP              | US        |     25000 | NS      | $1753000.00   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Ennis Inc                                     | Ennis Inc                                     | CUSIP: 293389102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     34440 | NS      | $737704.80    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Enphase Energy Inc                            | Enphase Energy Inc                            | CUSIP: 29355A107<br>LEI: 5493008U7KIGMI59Z314 | Long             | EC               | CORP              | US        |     23035 | NS      | $870953.35    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Enpro Inc                                     | Enpro Inc                                     | CUSIP: 29355X107<br>LEI: 549300Y5CFT2LKCFDN54 | Long             | EC               | CORP              | US        |     47221 | NS      | $11835943.65  | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Envista Holdings Corp                         | Envista Holdings Corp                         | CUSIP: 29415F104<br>LEI: 549300BX623VURJZ5269 | Long             | EC               | CORP              | US        |    301330 | NS      | $7644742.10   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| ePlus Inc                                     | ePlus Inc                                     | CUSIP: 294268107<br>LEI: 529900FFY8AAFJ21NE91 | Long             | EC               | CORP              | US        |     23609 | NS      | $1776577.25   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Vestis Corp                                   | Vestis Corp                                   | CUSIP: 29430C102<br>LEI: 254900QDW0TA2TMFAP59 | Long             | EC               | CORP              | US        |     66586 | NS      | $523365.96    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Esab Corp                                     | Esab Corp                                     | CUSIP: 29605J106<br>LEI: 549300ZNV0SWBXEIWT04 | Long             | EC               | CORP              | US        |    197122 | NS      | $19053812.52  | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| ESCO Technologies Inc                         | ESCO Technologies Inc                         | CUSIP: 296315104<br>LEI: 5493007JJLP5MEWVDH10 | Long             | EC               | CORP              | US        |     68105 | NS      | $19162703.85  | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Esperion Therapeutics Inc                     | Esperion Therapeutics Inc                     | CUSIP: 29664W105<br>LEI: 549300OFU56UKEWVUS92 | Long             | EC               | CORP              | US        |    416273 | NS      | $1140588.02   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Esquire Financial Holdings Inc                | Esquire Financial Holdings Inc                | CUSIP: 29667J101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     33953 | NS      | $3649947.50   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Ethan Allen Interiors Inc                     | Ethan Allen Interiors Inc                     | CUSIP: 297602104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     55478 | NS      | $1234940.28   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Etsy Inc                                      | Etsy Inc                                      | CUSIP: 29786A106<br>LEI: 54930089Q7XT501AEA40 | Long             | EC               | CORP              | US        |      6191 | NS      | $309426.18    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Evercore Inc                                  | Evercore Inc                                  | CUSIP: 29977A105<br>LEI: 529900P6KLPT95DW3W58 | Long             | EC               | CORP              | US        |      3898 | NS      | $1163591.98   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Everus Construction Group Inc                 | Everus Construction Group Inc                 | CUSIP: 300426103<br>LEI: 2549006JMMHR0KILT425 | Long             | EC               | CORP              | US        |      2429 | NS      | $286767.74    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Exponent Inc                                  | Exponent Inc                                  | CUSIP: 30214U102<br>LEI: 529900NY3F5Q2NWPUZ42 | Long             | EC               | CORP              | US        |    251193 | NS      | $16390343.25  | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Extreme Networks Inc                          | Extreme Networks Inc                          | CUSIP: 30226D106<br>LEI: 549300WRECW11X94UB57 | Long             | EC               | CORP              | US        |     23092 | NS      | $348227.36    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| FRP Holdings Inc                              | FRP Holdings Inc                              | CUSIP: 30292L107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    108661 | NS      | $2377502.68   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| FactSet Research Systems Inc                  | FactSet Research Systems Inc                  | CUSIP: 303075105<br>LEI: 549300ZSJE7NBK6K9P30 | Long             | EC               | CORP              | US        |     10000 | NS      | $2169900.00   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| First BanCorp/Puerto Rico                     | First BanCorp/Puerto Rico                     | CUSIP: 318672706<br>LEI: N/A                  | Long             | EC               | CORP              | PR        |     83382 | NS      | $1781039.52   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| First Bancorp/Southern Pines NC               | First Bancorp/Southern Pines NC               | CUSIP: 318910106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     14000 | NS      | $788900.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| First Commonwealth Financial Corp             | First Commonwealth Financial Corp             | CUSIP: 319829107<br>LEI: 549300ZHLQ42NXDETL24 | Long             | EC               | CORP              | US        |     48209 | NS      | $847514.22    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| First Financial Bancorp                       | First Financial Bancorp                       | CUSIP: 320209109<br>LEI: 549300D3F5B3EZMY7P77 | Long             | EC               | CORP              | US        |    107607 | NS      | $3000083.16   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| FirstService Corp                             | FirstService Corp                             | CUSIP: 33767E202<br>LEI: 5493000XUDIV75BCF118 | Long             | EC               | CORP              | CA        |     84585 | NS      | $11752239.90  | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| FirstCash Holdings Inc                        | FirstCash Holdings Inc                        | CUSIP: 33768G107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     48827 | NS      | $9179476.00   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| 5N Plus Inc                                   | 5N Plus Inc                                   | CUSIP: 33833X101<br>LEI: 5493005GU1NFX4YB2S73 | Long             | EC               | CORP              | CA        |    227112 | NS      | $5172099.89   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Flotek Industries Inc                         | Flotek Industries Inc                         | CUSIP: 343389409<br>LEI: 549300TF60OEK4FPPC44 | Long             | EC               | CORP              | US        |    143000 | NS      | $2426710.00   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| FormFactor Inc                                | FormFactor Inc                                | CUSIP: 346375108<br>LEI: 549300YCEEO6SZD1ZR61 | Long             | EC               | CORP              | US        |    113571 | NS      | $11015251.29  | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortrea Holdings Inc                          | Fortrea Holdings Inc                          | CUSIP: 34965K107<br>LEI: 5493000FIVFABOVCDU97 | Long             | EC               | CORP              | US        |     56346 | NS      | $530779.32    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Forward Air Corp                              | Forward Air Corp                              | CUSIP: 34986A104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     63360 | NS      | $1058745.60   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Franklin Covey Co                             | Franklin Covey Co                             | CUSIP: 353469109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    211144 | NS      | $3333963.76   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Franklin Electric Co Inc                      | Franklin Electric Co Inc                      | CUSIP: 353514102<br>LEI: RR6AURIKMXUE4Q24G284 | Long             | EC               | CORP              | US        |      2957 | NS      | $272546.69    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Freshpet Inc                                  | Freshpet Inc                                  | CUSIP: 358039105<br>LEI: 549300S4ZK8ZQ6HNPN59 | Long             | EC               | CORP              | US        |     31000 | NS      | $1827760.00   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Frontdoor Inc                                 | Frontdoor Inc                                 | CUSIP: 35905A109<br>LEI: 5493008RB0JZJI3QGZ06 | Long             | EC               | CORP              | US        |     10240 | NS      | $541286.40    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| G-III Apparel Group Ltd                       | G-III Apparel Group Ltd                       | CUSIP: 36237H101<br>LEI: 529900O5KABM3R3SFM87 | Long             | EC               | CORP              | US        |     18124 | NS      | $502034.80    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| GCM Grosvenor Inc                             | GCM Grosvenor Inc                             | CUSIP: 36831E108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    801494 | NS      | $7854641.20   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| German American Bancorp Inc                   | German American Bancorp Inc                   | CUSIP: 373865104<br>LEI: 5493002JDOI3GTNVUD76 | Long             | EC               | CORP              | US        |     80215 | NS      | $3352184.85   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Gibraltar Industries Inc                      | Gibraltar Industries Inc                      | CUSIP: 374689107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     34394 | NS      | $1371288.78   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Glacier Bancorp Inc                           | Glacier Bancorp Inc                           | CUSIP: 37637Q105<br>LEI: 549300SMJAUKZB5D7V74 | Long             | EC               | CORP              | US        |     16000 | NS      | $714720.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Gogo Inc                                      | Gogo Inc                                      | CUSIP: 38046C109<br>LEI: 549300VL3DIHSFHYTO04 | Long             | EC               | CORP              | US        |     63367 | NS      | $254735.34    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Gold Fields Ltd                               | Gold Fields Ltd                               | CUSIP: 38059T106<br>LEI: 5299003KXIBJQYCBBD72 | Long             | EC               | CORP              | ZA        |    326500 | NS      | $14823100.00  | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Graham Corp                                   | Graham Corp                                   | CUSIP: 384556106<br>LEI: 254900EI9P4LTY524J77 | Long             | EC               | CORP              | US        |     89168 | NS      | $7037138.56   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Green Brick Partners Inc                      | Green Brick Partners Inc                      | CUSIP: 392709101<br>LEI: 549300R7SCIV7FQI6T56 | Long             | EC               | CORP              | US        |      6792 | NS      | $437744.40    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Guardian Pharmacy Services Inc                | Guardian Pharmacy Services Inc                | CUSIP: 40145W101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     25479 | NS      | $959539.14    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| HBT Financial Inc                             | HBT Financial Inc                             | CUSIP: 404111106<br>LEI: 549300NTXD4Q6UK5BY66 | Long             | EC               | CORP              | US        |     27347 | NS      | $730711.84    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| HCI Group Inc                                 | HCI Group Inc                                 | CUSIP: 40416E103<br>LEI: 549300CZF7EZJH0MPH74 | Long             | EC               | CORP              | US        |     10024 | NS      | $1549810.64   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| HNI Corp                                      | HNI Corp                                      | CUSIP: 404251100<br>LEI: 549300SKRADLC4O5HV93 | Long             | EC               | CORP              | US        |     41706 | NS      | $1392563.34   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Hackett Group Inc/The                         | Hackett Group Inc/The                         | CUSIP: 404609109<br>LEI: 5K016KLIRB6156644289 | Long             | EC               | CORP              | US        |    826851 | NS      | $10757331.51  | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Haemonetics Corp                              | Haemonetics Corp                              | CUSIP: 405024100<br>LEI: 549300ZEL6TXZS6F5F95 | Long             | EC               | CORP              | US        |     70244 | NS      | $3958951.84   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Hagerty Inc                                   | Hagerty Inc                                   | CUSIP: 405166109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    485700 | NS      | $5114421.00   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Hanmi Financial Corp                          | Hanmi Financial Corp                          | CUSIP: 410495204<br>LEI: 549300MSZ7RCG7EA6587 | Long             | EC               | CORP              | US        |    110667 | NS      | $2917182.12   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Harmonic Inc                                  | Harmonic Inc                                  | CUSIP: 413160102<br>LEI: 549300LRGRD8XC9BTL66 | Long             | EC               | CORP              | US        |    260843 | NS      | $2342370.14   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Harmony Biosciences Holdings Inc              | Harmony Biosciences Holdings Inc              | CUSIP: 413197104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     78385 | NS      | $2195563.85   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Hawkins Inc                                   | Hawkins Inc                                   | CUSIP: 420261109<br>LEI: 549300VL3IJ23OWX1Y34 | Long             | EC               | CORP              | US        |     78682 | NS      | $12085555.20  | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Hayward Holdings Inc                          | Hayward Holdings Inc                          | CUSIP: 421298100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     22956 | NS      | $307151.28    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Healthcare Services Group Inc                 | Healthcare Services Group Inc                 | CUSIP: 421906108<br>LEI: 529900GVZ1D2FBYMS719 | Long             | EC               | CORP              | US        |    318616 | NS      | $5910326.80   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Helios Technologies Inc                       | Helios Technologies Inc                       | CUSIP: 42328H109<br>LEI: 5493000BCJSMIDRNTI78 | Long             | EC               | CORP              | US        |     44900 | NS      | $2905479.00   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Helix Energy Solutions Group Inc              | Helix Energy Solutions Group Inc              | CUSIP: 42330P107<br>LEI: 416AP2JOUTCWEGSOZW41 | Long             | EC               | CORP              | US        |    200490 | NS      | $1982846.10   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Hertz Global Holdings Inc                     | Hertz Global Holdings Inc                     | CUSIP: 42806J700<br>LEI: 549300NBK3K85MH1EX16 | Long             | EC               | CORP              | US        |     49678 | NS      | $229015.58    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Hinge Health Inc                              | Hinge Health Inc                              | CUSIP: 433313103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     34500 | NS      | $1330320.00   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Hingham Institution For Savings The           | Hingham Institution For Savings The           | CUSIP: 433323102<br>LEI: 2549009GDCGUR2T6KU55 | Long             | EC               | CORP              | US        |     25456 | NS      | $7276343.04   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Home BancShares Inc/AR                        | Home BancShares Inc/AR                        | CUSIP: 436893200<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    170954 | NS      | $4603791.22   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Houlihan Lokey Inc                            | Houlihan Lokey Inc                            | CUSIP: 441593100<br>LEI: 549300S3CNGTQ1QZVY46 | Long             | EC               | CORP              | US        |      7885 | NS      | $1132443.70   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| IDT Corp                                      | IDT Corp                                      | CUSIP: 448947507<br>LEI: 549300JNTN7ZMJDFCL56 | Long             | EC               | CORP              | US        |     12619 | NS      | $619592.90    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| IES Holdings Inc                              | IES Holdings Inc                              | CUSIP: 44951W106<br>LEI: 549300687T8E6LN6EN72 | Long             | EC               | CORP              | US        |    123638 | NS      | $58909797.86  | 2.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Crescent Energy Co                            | Crescent Energy Co                            | CUSIP: 44952J104<br>LEI: 254900FBNP5A21Q39U97 | Long             | EC               | CORP              | US        |    172684 | NS      | $2331234.00   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| IPG Photonics Corp                            | IPG Photonics Corp                            | CUSIP: 44980X109<br>LEI: 5493002KZ51CADQ94G15 | Long             | EC               | CORP              | US        |     51100 | NS      | $5855549.00   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| IAMGOLD Corp                                  | IAMGOLD Corp                                  | CUSIP: 450913108<br>LEI: 254900E7II30XAB9LA72 | Long             | EC               | CORP              | CA        |    500000 | NS      | $9410000.00   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| IMAX Corp                                     | IMAX Corp                                     | CUSIP: 45245E109<br>LEI: 894500GS1ESLAPZCEI74 | Long             | EC               | CORP              | CA        |    262660 | NS      | $9983706.60   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Impinj Inc                                    | Impinj Inc                                    | CUSIP: 453204109<br>LEI: 549300M26VGKSMMWWN17 | Long             | EC               | CORP              | US        |    110676 | NS      | $11366425.20  | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Indivior Pharmaceuticals Inc                  | Indivior Pharmaceuticals Inc                  | CUSIP: 45579U109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4644 | NS      | $141549.12    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Ingevity Corp                                 | Ingevity Corp                                 | CUSIP: 45688C107<br>LEI: 5493009UTFC4B5IMGF87 | Long             | EC               | CORP              | US        |    179868 | NS      | $12811997.64  | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Innovex International Inc                     | Innovex International Inc                     | CUSIP: 457651107<br>LEI: 5299007REICYIJNMW197 | Long             | EC               | CORP              | US        |     18995 | NS      | $463288.05    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Insight Enterprises Inc                       | Insight Enterprises Inc                       | CUSIP: 45765U103<br>LEI: 529900S8991TYW6YP792 | Long             | EC               | CORP              | US        |     17714 | NS      | $1187015.14   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Innospec Inc                                  | Innospec Inc                                  | CUSIP: 45768S105<br>LEI: 213800SQBACNY5IWJO68 | Long             | EC               | CORP              | US        |     35704 | NS      | $2607106.08   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Insperity Inc                                 | Insperity Inc                                 | CUSIP: 45778Q107<br>LEI: 5299000Q0KW7HY5DB751 | Long             | EC               | CORP              | US        |    184145 | NS      | $4979280.80   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Installed Building Products Inc               | Installed Building Products Inc               | CUSIP: 45780R101<br>LEI: 549300I95Y9P9YM5FI86 | Long             | EC               | CORP              | US        |      3438 | NS      | $911585.70    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Innoviva Inc                                  | Innoviva Inc                                  | CUSIP: 45781M101<br>LEI: 549300ACOX4QTBES6535 | Long             | EC               | CORP              | US        |     82493 | NS      | $1922086.90   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Interparfums Inc                              | Interparfums Inc                              | CUSIP: 458334109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    175363 | NS      | $15929974.92  | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Interface Inc                                 | Interface Inc                                 | CUSIP: 458665304<br>LEI: 549300VXZWQOIDFPU355 | Long             | EC               | CORP              | US        |      8994 | NS      | $224130.48    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| InterDigital Inc                              | InterDigital Inc                              | CUSIP: 45867G101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2698 | NS      | $814796.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Iridium Communications Inc                    | Iridium Communications Inc                    | CUSIP: 46269C102<br>LEI: 549300U620NVQ4J1CT96 | Long             | EC               | CORP              | US        |     15363 | NS      | $426169.62    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| I3 Verticals Inc                              | I3 Verticals Inc                              | CUSIP: 46571Y107<br>LEI: 549300944CYWVP06CJ97 | Long             | EC               | CORP              | US        |     27830 | NS      | $622278.80    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Itron Inc                                     | Itron Inc                                     | CUSIP: 465741106<br>LEI: 24F6LSZD18II6ICG6S41 | Long             | EC               | CORP              | US        |      9444 | NS      | $846465.72    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| J & J Snack Foods Corp                        | J & J Snack Foods Corp                        | CUSIP: 466032109<br>LEI: 894500IGP1Y2ZQFQMJ83 | Long             | EC               | CORP              | US        |     97301 | NS      | $7713050.27   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Jackson Financial Inc                         | Jackson Financial Inc                         | CUSIP: 46817M107<br>LEI: 213800WXW2KG1N4CO374 | Long             | EC               | CORP              | US        |      8490 | NS      | $897562.80    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| JBT Marel Corp                                | JBT Marel Corp                                | CUSIP: 477839104<br>LEI: 5493007CT6ATBZ2L6826 | Long             | EC               | CORP              | US        |    151840 | NS      | $19415780.80  | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Ziff Davis Inc                                | Ziff Davis Inc                                | CUSIP: 48123V102<br>LEI: 5493008OJYGLHD7MXA18 | Long             | EC               | CORP              | US        |     43032 | NS      | $1805622.72   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| KBR Inc                                       | KBR Inc                                       | CUSIP: 48242W106<br>LEI: 254900OFQDXZRKRCV808 | Long             | EC               | CORP              | US        |    257245 | NS      | $9482050.70   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Kadant Inc                                    | Kadant Inc                                    | CUSIP: 48282T104<br>LEI: 549300K06LNJYBMPYP15 | Long             | EC               | CORP              | US        |     59342 | NS      | $17348633.70  | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Zevra Therapeutics Inc                        | Zevra Therapeutics Inc                        | CUSIP: 488445206<br>LEI: 254900CU6T74V18Y1W18 | Long             | EC               | CORP              | US        |    310937 | NS      | $2897932.84   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Kennametal Inc                                | Kennametal Inc                                | CUSIP: 489170100<br>LEI: 549300GZDSG25XUV0Y08 | Long             | EC               | CORP              | US        |     16821 | NS      | $607742.73    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Kirby Corp                                    | Kirby Corp                                    | CUSIP: 497266106<br>LEI: I7NO6FZO5GUCG585T325 | Long             | EC               | CORP              | US        |     24948 | NS      | $3315090.24   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Knowles Corp                                  | Knowles Corp                                  | CUSIP: 49926D109<br>LEI: 5493003EO323TDZQU148 | Long             | EC               | CORP              | US        |    205723 | NS      | $5282966.64   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Kontoor Brands Inc                            | Kontoor Brands Inc                            | CUSIP: 50050N103<br>LEI: 549300M0CPXV65RFF271 | Long             | EC               | CORP              | US        |     37400 | NS      | $2628846.00   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Koppers Holdings Inc                          | Koppers Holdings Inc                          | CUSIP: 50060P106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8237 | NS      | $318607.16    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Korn Ferry                                    | Korn Ferry                                    | CUSIP: 500643200<br>LEI: 549300FOD20OM0GT5G40 | Long             | EC               | CORP              | US        |    183197 | NS      | $11532251.15  | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Kulicke & Soffa Industries Inc                | Kulicke & Soffa Industries Inc                | CUSIP: 501242101<br>LEI: 529900H6BEIRBF429744 | Long             | EC               | CORP              | US        |     89128 | NS      | $5857492.16   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Kura Sushi USA Inc                            | Kura Sushi USA Inc                            | CUSIP: 501270102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     20000 | NS      | $1395800.00   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Kyndryl Holdings Inc                          | Kyndryl Holdings Inc                          | CUSIP: 50155Q100<br>LEI: 549300LQ4LWX2R8ZV130 | Long             | EC               | CORP              | US        |    139510 | NS      | $1830371.20   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| LCI Industries                                | LCI Industries                                | CUSIP: 50189K103<br>LEI: 549300E1B98YNJ1WIQ04 | Long             | EC               | CORP              | US        |    147682 | NS      | $18161932.36  | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| LSI Industries Inc                            | LSI Industries Inc                            | CUSIP: 50216C108<br>LEI: 529900HY42OANH6BVT33 | Long             | EC               | CORP              | US        |    496657 | NS      | $9237820.20   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| La-Z-Boy Inc                                  | La-Z-Boy Inc                                  | CUSIP: 505336107<br>LEI: 549300WNO1WMN9ZG2519 | Long             | EC               | CORP              | US        |     40111 | NS      | $1289167.54   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Landstar System Inc                           | Landstar System Inc                           | CUSIP: 515098101<br>LEI: 254900CUQXQRL09MEI52 | Long             | EC               | CORP              | US        |     30373 | NS      | $4869095.63   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Distribution Solutions Group Inc              | Distribution Solutions Group Inc              | CUSIP: 520776105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     92384 | NS      | $2424156.16   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Lazard Inc                                    | Lazard Inc                                    | CUSIP: 52110M109<br>LEI: 254900RIBCDJSUFG1A11 | Long             | EC               | CORP              | US        |    172436 | NS      | $7325081.28   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Legence Corp                                  | Legence Corp                                  | CUSIP: 52476L109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    178763 | NS      | $10092958.98  | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| LeMaitre Vascular Inc                         | LeMaitre Vascular Inc                         | CUSIP: 525558201<br>LEI: 549300FZUBUB7MHY8R17 | Long             | EC               | CORP              | US        |      2486 | NS      | $271396.62    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Life Time Group Holdings Inc                  | Life Time Group Holdings Inc                  | CUSIP: 53190C102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     58500 | NS      | $1575990.00   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Limbach Holdings Inc                          | Limbach Holdings Inc                          | CUSIP: 53263P105<br>LEI: 254900EW8KXT5ZTWQI30 | Long             | EC               | CORP              | US        |     55326 | NS      | $4318194.30   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Lincoln Educational Services Corp             | Lincoln Educational Services Corp             | CUSIP: 533535100<br>LEI: 549300BJ55KUY6RG7L98 | Long             | EC               | CORP              | US        |     38357 | NS      | $1560362.76   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Lincoln Electric Holdings Inc                 | Lincoln Electric Holdings Inc                 | CUSIP: 533900106<br>LEI: BIMGBY40SIN95O01BN93 | Long             | EC               | CORP              | US        |      3984 | NS      | $992334.72    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Lincoln National Corp                         | Lincoln National Corp                         | CUSIP: 534187109<br>LEI: EFQMQROEDSNBRIP7LE47 | Long             | EC               | CORP              | US        |     46481 | NS      | $1650075.50   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Lindblad Expeditions Holdings Inc             | Lindblad Expeditions Holdings Inc             | CUSIP: 535219109<br>LEI: 549300GSPW24GZE6R597 | Long             | EC               | CORP              | US        |    373700 | NS      | $6465010.00   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Lindsay Corp                                  | Lindsay Corp                                  | CUSIP: 535555106<br>LEI: 549300ZFO0QG5H8TPI61 | Long             | EC               | CORP              | US        |     61547 | NS      | $7328401.29   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Liquidity Services Inc                        | Liquidity Services Inc                        | CUSIP: 53635B107<br>LEI: 5299002AZ4ULSAXN0G81 | Long             | EC               | CORP              | US        |     34851 | NS      | $1065395.07   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Littelfuse Inc                                | Littelfuse Inc                                | CUSIP: 537008104<br>LEI: 549300MY7HLQFYTPCX75 | Long             | EC               | CORP              | US        |     28415 | NS      | $9642630.25   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Live Oak Bancshares Inc                       | Live Oak Bancshares Inc                       | CUSIP: 53803X105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    123385 | NS      | $4080341.95   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Luna Innovations Inc                          | Luna Innovations Inc                          | CUSIP: 550351100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    657869 | NS      | $657869.00    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| MGE Energy Inc                                | MGE Energy Inc                                | CUSIP: 55277P104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     21552 | NS      | $1665754.08   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| MGP Ingredients Inc                           | MGP Ingredients Inc                           | CUSIP: 55303J106<br>LEI: 2549006OMHFVZ4MS8538 | Long             | EC               | CORP              | US        |     24704 | NS      | $454306.56    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| M/I Homes Inc                                 | M/I Homes Inc                                 | CUSIP: 55305B101<br>LEI: 5299005M71FH9CCSFB69 | Long             | EC               | CORP              | US        |    103487 | NS      | $12671983.15  | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| MKS Inc                                       | MKS Inc                                       | CUSIP: 55306N104<br>LEI: 549300KEQATBHAGVF505 | Long             | EC               | CORP              | US        |     58018 | NS      | $13333116.58  | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| MSA Safety Inc                                | MSA Safety Inc                                | CUSIP: 553498106<br>LEI: 529900DVA3258XK11O39 | Long             | EC               | CORP              | US        |     20150 | NS      | $3303592.50   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| MSC Industrial Direct Co Inc                  | MSC Industrial Direct Co Inc                  | CUSIP: 553530106<br>LEI: 0XVKH0LN6YGOWO2EGO17 | Long             | EC               | CORP              | US        |     54762 | NS      | $5052889.74   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Steven Madden Ltd                             | Steven Madden Ltd                             | CUSIP: 556269108<br>LEI: 549300Z9GZ7GYJWSGF43 | Long             | EC               | CORP              | US        |     29455 | NS      | $999113.60    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Magellan Aerospace Corp                       | Magellan Aerospace Corp                       | CUSIP: 558912200<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |    943092 | NS      | $14264003.80  | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Magnite Inc                                   | Magnite Inc                                   | CUSIP: 55955D100<br>LEI: 54930018FR2YX1HHSB02 | Long             | EC               | CORP              | US        |    185000 | NS      | $2197800.00   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Magnolia Oil & Gas Corp                       | Magnolia Oil & Gas Corp                       | CUSIP: 559663109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     24090 | NS      | $760521.30    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Major Drilling Group International Inc        | Major Drilling Group International Inc        | CUSIP: 560909103<br>LEI: 549300O1MNHCX2FUBC21 | Long             | EC               | CORP              | CA        |   1296691 | NS      | $14932779.69  | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Mama's Creations Inc                          | Mama's Creations Inc                          | CUSIP: 56146T103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     88000 | NS      | $1349920.00   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Marcus & Millichap Inc                        | Marcus & Millichap Inc                        | CUSIP: 566324109<br>LEI: 549300B2HE8ULXNB1N48 | Long             | EC               | CORP              | US        |    164412 | NS      | $4371715.08   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| MarketWise Inc                                | MarketWise Inc                                | CUSIP: 57064P206<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     25000 | NS      | $468000.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Masterbrand Inc                               | Masterbrand Inc                               | CUSIP: 57638P104<br>LEI: 549300E0Y4BR5Z9RDZ64 | Long             | EC               | CORP              | US        |    220175 | NS      | $1829654.25   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Matson Inc                                    | Matson Inc                                    | CUSIP: 57686G105<br>LEI: 549300OI5H3Y0I9I4I12 | Long             | EC               | CORP              | US        |     64340 | NS      | $10547899.60  | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Maximus Inc                                   | Maximus Inc                                   | CUSIP: 577933104<br>LEI: 549300DQCDS8HJ7QF202 | Long             | EC               | CORP              | US        |     77255 | NS      | $4952045.50   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Pediatrix Medical Group Inc                   | Pediatrix Medical Group Inc                   | CUSIP: 58502B106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    132027 | NS      | $2824057.53   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Merchants Bancorp/IN                          | Merchants Bancorp/IN                          | CUSIP: 58844R108<br>LEI: 54930008Y0GPVLF81889 | Long             | EC               | CORP              | US        |    109777 | NS      | $4710531.07   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Mercury General Corp                          | Mercury General Corp                          | CUSIP: 589400100<br>LEI: 5493001Q9EXPCEL4W527 | Long             | EC               | CORP              | US        |     21831 | NS      | $1924402.65   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Meritage Homes Corp                           | Meritage Homes Corp                           | CUSIP: 59001A102<br>LEI: 52990044W9UMFJO2FB97 | Long             | EC               | CORP              | US        |      6004 | NS      | $371287.36    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Mesa Laboratories Inc                         | Mesa Laboratories Inc                         | CUSIP: 59064R109<br>LEI: 549300ZCG738WLX8ZW79 | Long             | EC               | CORP              | US        |     53188 | NS      | $4702882.96   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Pathward Financial Inc                        | Pathward Financial Inc                        | CUSIP: 59100U108<br>LEI: 5493004X52BH1NBLW813 | Long             | EC               | CORP              | US        |     11014 | NS      | $982779.22    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Miami International Holdings Inc              | Miami International Holdings Inc              | CUSIP: 59356Q108<br>LEI: 254900TREUDBWGLAP788 | Long             | EC               | CORP              | US        |    161550 | NS      | $6287526.00   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Mirion Technologies Inc                       | Mirion Technologies Inc                       | CUSIP: 60471A101<br>LEI: 549300BNTOWVWFNVTJ65 | Long             | EC               | CORP              | US        |    227846 | NS      | $4235657.14   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Moelis & Co                                   | Moelis & Co                                   | CUSIP: 60786M105<br>LEI: 549300891QNU7VTQUR83 | Long             | EC               | CORP              | US        |     53679 | NS      | $3059703.00   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Monarch Casino & Resort Inc                   | Monarch Casino & Resort Inc                   | CUSIP: 609027107<br>LEI: 549300AK5FF7KY11V997 | Long             | EC               | CORP              | US        |     17769 | NS      | $1698716.40   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Monro Inc                                     | Monro Inc                                     | CUSIP: 610236101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     21057 | NS      | $337754.28    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Montrose Environmental Group Inc              | Montrose Environmental Group Inc              | CUSIP: 615111101<br>LEI: 254900ASI8K3LUB8Q958 | Long             | EC               | CORP              | US        |     68000 | NS      | $1488520.00   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Morningstar Inc                               | Morningstar Inc                               | CUSIP: 617700109<br>LEI: 529900YGNQPOVAXQ7F29 | Long             | EC               | CORP              | US        |     18889 | NS      | $3193185.45   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Movado Group Inc                              | Movado Group Inc                              | CUSIP: 624580106<br>LEI: 549300WCGCGPWGHVXM59 | Long             | EC               | CORP              | US        |     30231 | NS      | $738241.02    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Mueller Water Products Inc                    | Mueller Water Products Inc                    | CUSIP: 624758108<br>LEI: 549300F7ZU4P1F8V8L60 | Long             | EC               | CORP              | US        |     11825 | NS      | $325069.25    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Myers Industries Inc                          | Myers Industries Inc                          | CUSIP: 628464109<br>LEI: 549300I2H9XMVTCW4Q51 | Long             | EC               | CORP              | US        |     59272 | NS      | $1255380.96   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| NMI Holdings Inc                              | NMI Holdings Inc                              | CUSIP: 629209305<br>LEI: 529900KNNGFXJX1C3Z08 | Long             | EC               | CORP              | US        |    129767 | NS      | $4867560.17   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| NCR Atleos Corp                               | NCR Atleos Corp                               | CUSIP: 63001N106<br>LEI: 9845005FC3S0VA714741 | Long             | EC               | CORP              | US        |     49774 | NS      | $2169150.92   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| NetScout Systems Inc                          | NetScout Systems Inc                          | CUSIP: 64115T104<br>LEI: 5493005HZXZ3SPNVCV76 | Long             | EC               | CORP              | US        |     50000 | NS      | $1589500.00   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| ESCROW NEW YORK REIT                          | ESCROW NEW YORK REIT                          | CUSIP: 64ESC1997<br>LEI: N/A                  | Long             | EC               |  | US        |     15000 | NS      | $96450.00     | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| NewtekOne Inc                                 | NewtekOne Inc                                 | CUSIP: 652526203<br>LEI: 549300YLU78IA8GKJ688 | Long             | EC               | CORP              | US        |    314894 | NS      | $3448089.30   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| nLight Inc                                    | nLight Inc                                    | CUSIP: 65487K100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    117525 | NS      | $6701275.50   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Northeast Bank                                | Northeast Bank                                | CUSIP: 66405S100<br>LEI: 549300F0LV9TSW34E306 | Long             | EC               | CORP              | US        |     18011 | NS      | $2023896.07   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| DNOW Inc                                      | DNOW Inc                                      | CUSIP: 67011P100<br>LEI: 549300AVH5SOCFVVDW91 | Long             | EC               | CORP              | US        |     98057 | NS      | $1167858.87   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| OFG Bancorp                                   | OFG Bancorp                                   | CUSIP: 67103X102<br>LEI: 549300Q4QEXJ37LEXQ06 | Long             | EC               | CORP              | PR        |      8233 | NS      | $333107.18    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Oceaneering International Inc                 | Oceaneering International Inc                 | CUSIP: 675232102<br>LEI: 549300L6PH74701W0R30 | Long             | EC               | CORP              | US        |     30000 | NS      | $1064100.00   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Omnicell Inc                                  | Omnicell Inc                                  | CUSIP: 68213N109<br>LEI: 5493008RH0GTKHHPZI77 | Long             | EC               | CORP              | US        |      2671 | NS      | $89157.98     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Onex Corp                                     | Onex Corp                                     | CUSIP: 68272K103<br>LEI: 894500LB8PNE5C7CEN88 | Long             | EC               | CORP              | CA        |    167022 | NS      | $12188968.04  | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| OneWater Marine Inc                           | OneWater Marine Inc                           | CUSIP: 68280L101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16313 | NS      | $154157.85    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Onto Innovation Inc                           | Onto Innovation Inc                           | CUSIP: 683344105<br>LEI: 254900RXZVN73CHOO062 | Long             | EC               | CORP              | US        |     67828 | NS      | $13909487.96  | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Oppenheimer Holdings Inc                      | Oppenheimer Holdings Inc                      | CUSIP: 683797104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     23198 | NS      | $2069029.62   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Origin Bancorp Inc                            | Origin Bancorp Inc                            | CUSIP: 68621T102<br>LEI: 54930055DO2Z4KO3NB45 | Long             | EC               | CORP              | US        |    267629 | NS      | $11095898.34  | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| ORIC Pharmaceuticals Inc                      | ORIC Pharmaceuticals Inc                      | CUSIP: 68622P109<br>LEI: 54930033FJRNEYBW0L25 | Long             | EC               | CORP              | US        |    381792 | NS      | $4837304.64   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Organon & Co                                  | Organon & Co                                  | CUSIP: 68622V106<br>LEI: 549300AMCKY57OK2CO56 | Long             | EC               | CORP              | US        |     93576 | NS      | $560520.24    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Otter Tail Corp                               | Otter Tail Corp                               | CUSIP: 689648103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     31487 | NS      | $2763613.99   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Accendra Health Inc                           | Accendra Health Inc                           | CUSIP: 690732102<br>LEI: 549300LMT5KQQXCEZ733 | Long             | EC               | CORP              | US        |     10507 | NS      | $23955.96     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| PC Connection Inc                             | PC Connection Inc                             | CUSIP: 69318J100<br>LEI: 5299005WPRNIXDV2KM73 | Long             | EC               | CORP              | US        |     16248 | NS      | $949858.08    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| PTC Therapeutics Inc                          | PTC Therapeutics Inc                          | CUSIP: 69366J200<br>LEI: 549300UJLWOIWFDGB318 | Long             | EC               | CORP              | US        |     51496 | NS      | $3508422.48   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| PACS Group Inc                                | PACS Group Inc                                | CUSIP: 69380Q107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    203248 | NS      | $6528325.76   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Palvella Therapeutics Inc                     | Palvella Therapeutics Inc                     | CUSIP: 697947109<br>LEI: 254900AJDH8PAOOI5T33 | Long             | EC               | CORP              | US        |     12000 | NS      | $1495800.00   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| PAR Technology Corp                           | PAR Technology Corp                           | CUSIP: 698884103<br>LEI: 549300HYPTHBJQINVG57 | Long             | EC               | CORP              | US        |    209239 | NS      | $2789155.87   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Pason Systems Inc                             | Pason Systems Inc                             | CUSIP: 702925108<br>LEI: 984500DC6T2FLR969F65 | Long             | EC               | CORP              | CA        |    861449 | NS      | $8198968.27   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Patrick Industries Inc                        | Patrick Industries Inc                        | CUSIP: 703343103<br>LEI: 549300FZ5ZTCCJ3Z5W14 | Long             | EC               | CORP              | US        |        46 | NS      | $5109.22      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Paysign Inc                                   | Paysign Inc                                   | CUSIP: 70451A104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    239333 | NS      | $1412064.70   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Payoneer Global Inc                           | Payoneer Global Inc                           | CUSIP: 70451X104<br>LEI: 984500491C64C70FF033 | Long             | EC               | CORP              | US        |     91813 | NS      | $443456.79    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Peabody Energy Corp                           | Peabody Energy Corp                           | CUSIP: 704551100<br>LEI: EJCO258LNNVSKAR2JX59 | Long             | EC               | CORP              | US        |     35148 | NS      | $1158126.60   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Penguin Solutions Inc                         | Penguin Solutions Inc                         | CUSIP: 706915105<br>LEI: 254900DVWIPOY3GJ8E23 | Long             | EC               | CORP              | US        |     54847 | NS      | $965307.20    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Perdoceo Education Corp                       | Perdoceo Education Corp                       | CUSIP: 71363P106<br>LEI: 529900X5PCA184O9LY90 | Long             | EC               | CORP              | US        |     71788 | NS      | $2671231.48   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Personalis Inc                                | Personalis Inc                                | CUSIP: 71535D106<br>LEI: 549300EZ2NYFK7H0US48 | Long             | EC               | CORP              | US        |     42000 | NS      | $267540.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Phinia Inc                                    | Phinia Inc                                    | CUSIP: 71880K101<br>LEI: 254900HG6MORZE1FFM18 | Long             | EC               | CORP              | US        |     38955 | NS      | $2666080.20   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Photronics Inc                                | Photronics Inc                                | CUSIP: 719405102<br>LEI: 549300OK5JVNIBNY6F63 | Long             | EC               | CORP              | US        |    236263 | NS      | $9547387.83   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Pitney Bowes Inc                              | Pitney Bowes Inc                              | CUSIP: 724479100<br>LEI: 549300N2O26NW4ST6W55 | Long             | EC               | CORP              | US        |     29513 | NS      | $326118.65    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Plexus Corp                                   | Plexus Corp                                   | CUSIP: 729132100<br>LEI: 549300W7HCBI5YT25I79 | Long             | EC               | CORP              | US        |     13457 | NS      | $2725580.78   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Powell Industries Inc                         | Powell Industries Inc                         | CUSIP: 739128106<br>LEI: 549300V08RO7MX2UBN26 | Long             | EC               | CORP              | US        |     32117 | NS      | $17377866.36  | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Preferred Bank/Los Angeles CA                 | Preferred Bank/Los Angeles CA                 | CUSIP: 740367404<br>LEI: 5493007K6HGI9G0ECX16 | Long             | EC               | CORP              | US        |     23625 | NS      | $2142551.25   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Preformed Line Products Co                    | Preformed Line Products Co                    | CUSIP: 740444104<br>LEI: 549300EYH53XDJID2098 | Long             | EC               | CORP              | US        |     22816 | NS      | $6177432.00   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Prestige Consumer Healthcare Inc              | Prestige Consumer Healthcare Inc              | CUSIP: 74112D101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     98760 | NS      | $5853505.20   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| PriceSmart Inc                                | PriceSmart Inc                                | CUSIP: 741511109<br>LEI: 549300JVYOSTGVSDZS46 | Long             | EC               | CORP              | US        |     10506 | NS      | $1581153.00   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| PROG Holdings Inc                             | PROG Holdings Inc                             | CUSIP: 74319R101<br>LEI: 549300DHYTLBOVRXIG52 | Long             | EC               | CORP              | US        |     57114 | NS      | $1638600.66   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Progress Software Corp                        | Progress Software Corp                        | CUSIP: 743312100<br>LEI: 549300R65B3JG6972S24 | Long             | EC               | CORP              | US        |     50442 | NS      | $1293837.30   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Progyny Inc                                   | Progyny Inc                                   | CUSIP: 74340E103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     59363 | NS      | $1007983.74   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| ProPetro Holding Corp                         | ProPetro Holding Corp                         | CUSIP: 74347M108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     29755 | NS      | $428769.55    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Protagonist Therapeutics Inc                  | Protagonist Therapeutics Inc                  | CUSIP: 74366E102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     14349 | NS      | $1512384.60   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Provident Financial Services Inc              | Provident Financial Services Inc              | CUSIP: 74386T105<br>LEI: 529900JOSO3SXEDVE477 | Long             | EC               | CORP              | US        |     56732 | NS      | $1200449.12   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Quaker Chemical Corp                          | Quaker Chemical Corp                          | CUSIP: 747316107<br>LEI: 549300PJQ1R3WCWCPS54 | Long             | EC               | CORP              | US        |    170114 | NS      | $21133262.22  | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Qorvo Inc                                     | Qorvo Inc                                     | CUSIP: 74736K101<br>LEI: 254900YAUJV2EUEVBR11 | Long             | EC               | CORP              | US        |      2652 | NS      | $205264.80    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Quanex Building Products Corp                 | Quanex Building Products Corp                 | CUSIP: 747619104<br>LEI: 5493000TL30VL5WOAW87 | Long             | EC               | CORP              | US        |     12443 | NS      | $223600.71    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| QuinStreet Inc                                | QuinStreet Inc                                | CUSIP: 74874Q100<br>LEI: 549300TP8MFBFPOS4Y78 | Long             | EC               | CORP              | US        |    203754 | NS      | $2447085.54   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| RB Global Inc                                 | RB Global Inc                                 | CUSIP: 74935Q107<br>LEI: 5493002H8U24DJXQ4886 | Long             | EC               | CORP              | CA        |     36537 | NS      | $3502071.45   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| RLI Corp                                      | RLI Corp                                      | CUSIP: 749607107<br>LEI: 529900AMTJE5ECN9PS55 | Long             | EC               | CORP              | US        |    194835 | NS      | $11113388.40  | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| RPC Inc                                       | RPC Inc                                       | CUSIP: 749660106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    270589 | NS      | $1915770.12   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Radian Group Inc                              | Radian Group Inc                              | CUSIP: 750236101<br>LEI: 54930005OUP720S5U385 | Long             | EC               | CORP              | US        |     89551 | NS      | $2962347.08   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Ralliant Corp                                 | Ralliant Corp                                 | CUSIP: 750940108<br>LEI: 52990024QKO4DYT8N464 | Long             | EC               | CORP              | US        |     11391 | NS      | $473751.69    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Ralph Lauren Corp                             | Ralph Lauren Corp                             | CUSIP: 751212101<br>LEI: HO1QNWM0IXBZ0QSMMO20 | Long             | EC               | CORP              | US        |     14350 | NS      | $4936256.50   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| RBC Bearings Inc                              | RBC Bearings Inc                              | CUSIP: 75524B104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9120 | NS      | $4953254.40   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Reliance Inc                                  | Reliance Inc                                  | CUSIP: 759509102<br>LEI: 549300E287ZOFT3C5Z56 | Long             | EC               | CORP              | US        |      7725 | NS      | $2347782.00   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Renasant Corp                                 | Renasant Corp                                 | CUSIP: 75970E107<br>LEI: 549300OVE6OZHW2UUH81 | Long             | EC               | CORP              | US        |     22400 | NS      | $809312.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Repligen Corp                                 | Repligen Corp                                 | CUSIP: 759916109<br>LEI: 54930006QJ0T5AUO1E71 | Long             | EC               | CORP              | US        |     59879 | NS      | $7054943.78   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Resideo Technologies Inc                      | Resideo Technologies Inc                      | CUSIP: 76118Y104<br>LEI: 5493006TKFPYISY2DS54 | Long             | EC               | CORP              | US        |     42792 | NS      | $1442518.32   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| REX American Resources Corp                   | REX American Resources Corp                   | CUSIP: 761624105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     26968 | NS      | $1228931.76   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Richardson Electronics Ltd/United States      | Richardson Electronics Ltd/United States      | CUSIP: 763165107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    433407 | NS      | $4745806.65   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Robert Half Inc                               | Robert Half Inc                               | CUSIP: 770323103<br>LEI: 529900VPCUY9H3HLIC08 | Long             | EC               | CORP              | US        |      3201 | NS      | $81305.40     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Rush Enterprises Inc                          | Rush Enterprises Inc                          | CUSIP: 781846209<br>LEI: 529900V3XHTN7A6DFT17 | Long             | EC               | CORP              | US        |     32311 | NS      | $2136080.21   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| S&T Bancorp Inc                               | S&T Bancorp Inc                               | CUSIP: 783859101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     40984 | NS      | $1714360.72   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| SEI Investments Co                            | SEI Investments Co                            | CUSIP: 784117103<br>LEI: 5LJTIFADGZ6XH1RVOC11 | Long             | EC               | CORP              | US        |    264994 | NS      | $20794079.18  | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Solv Energy Inc                               | Solv Energy Inc                               | CUSIP: 78475V103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4381 | NS      | $131561.43    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Saia Inc                                      | Saia Inc                                      | CUSIP: 78709Y105<br>LEI: 549300WNPG4N9GBOYB29 | Long             | EC               | CORP              | US        |     21702 | NS      | $7623478.56   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| St Joe Co/The                                 | St Joe Co/The                                 | CUSIP: 790148100<br>LEI: 529900XVHOT3BF8PWG49 | Long             | EC               | CORP              | US        |     78800 | NS      | $4948640.00   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Sally Beauty Holdings Inc                     | Sally Beauty Holdings Inc                     | CUSIP: 79546E104<br>LEI: 529900VXW6E8ONDIQ271 | Long             | EC               | CORP              | US        |     51183 | NS      | $708884.55    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| John B Sanfilippo & Son Inc                   | John B Sanfilippo & Son Inc                   | CUSIP: 800422107<br>LEI: 5299007IBEYVXKYDUX28 | Long             | EC               | CORP              | US        |      4161 | NS      | $330092.13    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Sanmina Corp                                  | Sanmina Corp                                  | CUSIP: 801056102<br>LEI: X5K24XLM8QYRXF00EB42 | Long             | EC               | CORP              | US        |     11434 | NS      | $1482303.76   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| ScanSource Inc                                | ScanSource Inc                                | CUSIP: 806037107<br>LEI: 7FHBAN017QDY4K2KP156 | Long             | EC               | CORP              | US        |     21930 | NS      | $796059.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Scholastic Corp                               | Scholastic Corp                               | CUSIP: 807066105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3971 | NS      | $155107.26    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Seacoast Banking Corp of Florida              | Seacoast Banking Corp of Florida              | CUSIP: 811707801<br>LEI: 549300V6IC06XYQYPG88 | Long             | EC               | CORP              | US        |     61000 | NS      | $1847690.00   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Sealed Air Corp                               | Sealed Air Corp                               | CUSIP: 81211K100<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | EC               | CORP              | US        |     55490 | NS      | $2333354.50   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Secure Waste Infrastructure Corp              | Secure Waste Infrastructure Corp              | CUSIP: 813921103<br>LEI: 894500UQR7AONHFERA55 | Long             | EC               | CORP              | CA        |    163107 | NS      | $2559575.74   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| GeneDx Holdings Corp                          | GeneDx Holdings Corp                          | CUSIP: 81663L200<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     55588 | NS      | $3569861.36   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Semtech Corp                                  | Semtech Corp                                  | CUSIP: 816850101<br>LEI: 549300J7WUY317SW6O61 | Long             | EC               | CORP              | US        |     78266 | NS      | $6017872.74   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Seneca Foods Corp                             | Seneca Foods Corp                             | CUSIP: 817070501<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     98460 | NS      | $14879275.20  | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Shenandoah Telecommunications Co              | Shenandoah Telecommunications Co              | CUSIP: 82312B106<br>LEI: 549300XH3H4OUKFPHS84 | Long             | EC               | CORP              | US        |     36519 | NS      | $563122.98    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Shift4 Payments Inc                           | Shift4 Payments Inc                           | CUSIP: 82452J109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     50000 | NS      | $2186500.00   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Shutterstock Inc                              | Shutterstock Inc                              | CUSIP: 825690100<br>LEI: 529900G2TDIS56V0LO22 | Long             | EC               | CORP              | US        |     16991 | NS      | $282220.51    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| SI-BONE Inc                                   | SI-BONE Inc                                   | CUSIP: 825704109<br>LEI: 549300J8JGYVJJHV9C31 | Long             | EC               | CORP              | US        |    130000 | NS      | $1641900.00   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Silgan Holdings Inc                           | Silgan Holdings Inc                           | CUSIP: 827048109<br>LEI: KAF673KJXD92C8KSLU49 | Long             | EC               | CORP              | US        |    125569 | NS      | $4872077.20   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Simply Good Foods Co/The                      | Simply Good Foods Co/The                      | CUSIP: 82900L102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     40065 | NS      | $574932.75    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Simpson Manufacturing Co Inc                  | Simpson Manufacturing Co Inc                  | CUSIP: 829073105<br>LEI: 529900EJUNNL15LZ8056 | Long             | EC               | CORP              | US        |     72500 | NS      | $12442450.00  | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| SiTime Corp                                   | SiTime Corp                                   | CUSIP: 82982T106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     19070 | NS      | $6585824.50   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Champion Homes Inc                            | Champion Homes Inc                            | CUSIP: 830830105<br>LEI: 2549008RYT2Y0VBZTC29 | Long             | EC               | CORP              | US        |     58971 | NS      | $4385673.27   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| SkyWest Inc                                   | SkyWest Inc                                   | CUSIP: 830879102<br>LEI: 529900UYS2KGS6Z42P09 | Long             | EC               | CORP              | US        |     18164 | NS      | $1668000.12   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Skyward Specialty Insurance Group Inc         | Skyward Specialty Insurance Group Inc         | CUSIP: 830940102<br>LEI: 549300GXGXJG0YH4VN21 | Long             | EC               | CORP              | US        |     76058 | NS      | $3322213.44   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Solaris Energy Infrastructure Inc             | Solaris Energy Infrastructure Inc             | CUSIP: 83418M103<br>LEI: 529900MTK3C8Y8TIIC10 | Long             | EC               | CORP              | US        |     17000 | NS      | $960670.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Sonos Inc                                     | Sonos Inc                                     | CUSIP: 83570H108<br>LEI: 549300WEPU6075I77M08 | Long             | EC               | CORP              | US        |     17212 | NS      | $230640.80    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Southside Bancshares Inc                      | Southside Bancshares Inc                      | CUSIP: 84470P109<br>LEI: 549300TC83207VQA2K65 | Long             | EC               | CORP              | US        |     47206 | NS      | $1467634.54   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Sprott Inc                                    | Sprott Inc                                    | CUSIP: 852066208<br>LEI: 254900QHJAD5TP2JNM15 | Long             | EC               | CORP              | CA        |    131327 | NS      | $18741309.78  | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Standard Motor Products Inc                   | Standard Motor Products Inc                   | CUSIP: 853666105<br>LEI: THGK1EO5B5HK0JHQVZ90 | Long             | EC               | CORP              | US        |      3517 | NS      | $122180.58    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Standex International Corp                    | Standex International Corp                    | CUSIP: 854231107<br>LEI: RCX52GR0JW2LRRMH9Z54 | Long             | EC               | CORP              | US        |      1857 | NS      | $473275.02    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Fixed Income Clearing Corp.                   | FIXED INC CLEARING CORP.REPO                  | CUSIP: 000000000<br>LEI: 549300H47WTHXPU08X20 | Long             | RA               | CORP              | US        | 103108955 | PA      | $103108954.78 | 4.62%             |  |  |  | No            |                  2 | On Loan: No      |
| Stella-Jones Inc                              | Stella-Jones Inc                              | CUSIP: 85853F105<br>LEI: 5493007LOVNNLYJ6KZ35 | Long             | EC               | CORP              | CA        |    110510 | NS      | $7414997.77   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| StoneX Group Inc                              | StoneX Group Inc                              | CUSIP: 861896108<br>LEI: 549300JUF07L8VF02M60 | Long             | EC               | CORP              | US        |     93204 | NS      | $7516902.60   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Strategic Education Inc                       | Strategic Education Inc                       | CUSIP: 86272C103<br>LEI: 2549002UYIM8Q5EC8H36 | Long             | EC               | CORP              | US        |      4286 | NS      | $355566.56    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Stride Inc                                    | Stride Inc                                    | CUSIP: 86333M108<br>LEI: 254900BRWS3AFONWU277 | Long             | EC               | CORP              | US        |     22593 | NS      | $1992024.81   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Sun Country Airlines Holdings Inc             | Sun Country Airlines Holdings Inc             | CUSIP: 866683105<br>LEI: 549300MOHOJN9GH0NJ48 | Long             | EC               | CORP              | US        |    115994 | NS      | $1916220.88   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| SunCoke Energy Inc                            | SunCoke Energy Inc                            | CUSIP: 86722A103<br>LEI: 1KF1J2NXQE2PI0QOB943 | Long             | EC               | CORP              | US        |    108181 | NS      | $704258.31    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Supernus Pharmaceuticals Inc                  | Supernus Pharmaceuticals Inc                  | CUSIP: 868459108<br>LEI: 549300GRM36VBKISYJ58 | Long             | EC               | CORP              | US        |    141390 | NS      | $7308449.10   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Sylvamo Corp                                  | Sylvamo Corp                                  | CUSIP: 871332102<br>LEI: 5493001AOYU1ZOWOC971 | Long             | EC               | CORP              | US        |     66008 | NS      | $2788177.92   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| TMX Group Ltd                                 | TMX Group Ltd                                 | CUSIP: 87262K105<br>LEI: 549300N65GFVKSHGJW59 | Long             | EC               | CORP              | CA        |    478421 | NS      | $16965356.86  | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Tri Pointe Homes Inc                          | Tri Pointe Homes Inc                          | CUSIP: 87265H109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     54991 | NS      | $2569729.43   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| TTM Technologies Inc                          | TTM Technologies Inc                          | CUSIP: 87305R109<br>LEI: 549300SC4BDOIS008048 | Long             | EC               | CORP              | US        |    137233 | NS      | $13369238.86  | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Talos Energy Inc                              | Talos Energy Inc                              | CUSIP: 87484T108<br>LEI: 549300OKFHZ84SFJFT95 | Long             | EC               | CORP              | US        |     28457 | NS      | $448482.32    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Tejon Ranch Co                                | Tejon Ranch Co                                | CUSIP: 879080109<br>LEI: 549300TMNDO77VJ6J111 | Long             | EC               | CORP              | US        |    313818 | NS      | $5912331.12   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Teledyne Technologies Inc                     | Teledyne Technologies Inc                     | CUSIP: 879360105<br>LEI: 549300VSMO9KYQWDND94 | Long             | EC               | CORP              | US        |      9660 | NS      | $5844396.60   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Telephone and Data Systems Inc                | Telephone and Data Systems Inc                | CUSIP: 879433829<br>LEI: 5299003YZW5BE2NNLO37 | Long             | EC               | CORP              | US        |     88383 | NS      | $3720924.30   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Tennant Co                                    | Tennant Co                                    | CUSIP: 880345103<br>LEI: JYAIRLT8DVP6DP8UT336 | Long             | EC               | CORP              | US        |     40000 | NS      | $2656000.00   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Teradata Corp                                 | Teradata Corp                                 | CUSIP: 88076W103<br>LEI: 549300JU9SOUHV4U4R71 | Long             | EC               | CORP              | US        |     55258 | NS      | $1416262.54   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Thryv Holdings Inc                            | Thryv Holdings Inc                            | CUSIP: 886029206<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    119060 | NS      | $326224.40    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Tidewater Inc                                 | Tidewater Inc                                 | CUSIP: 88642R109<br>LEI: 2549000JA5GRUPLMUH98 | Long             | EC               | CORP              | US        |     25240 | NS      | $2108802.00   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Timken Co/The                                 | Timken Co/The                                 | CUSIP: 887389104<br>LEI: B0I35MLPFXZSE70ASS73 | Long             | EC               | CORP              | US        |     49649 | NS      | $4993199.93   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Metallus Inc                                  | Metallus Inc                                  | CUSIP: 887399103<br>LEI: 549300QZTZWHDE9HJL14 | Long             | EC               | CORP              | US        |     23165 | NS      | $378516.10    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Titan International Inc                       | Titan International Inc                       | CUSIP: 88830M102<br>LEI: 254900CXRGBE7C4B5A06 | Long             | EC               | CORP              | US        |     40445 | NS      | $279474.95    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Towne Bank/Portsmouth VA                      | Towne Bank/Portsmouth VA                      | CUSIP: 89214P109<br>LEI: 54930039UO39UJGI7078 | Long             | EC               | CORP              | US        |     45000 | NS      | $1515150.00   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Transcat Inc                                  | Transcat Inc                                  | CUSIP: 893529107<br>LEI: 54930081E40TSSHUOS40 | Long             | EC               | CORP              | US        |    149866 | NS      | $11007657.70  | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| TransMedics Group Inc                         | TransMedics Group Inc                         | CUSIP: 89377M109<br>LEI: 549300060GVOSMWARH50 | Long             | EC               | CORP              | US        |    127500 | NS      | $12674775.00  | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Trex Co Inc                                   | Trex Co Inc                                   | CUSIP: 89531P105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     93774 | NS      | $3415249.08   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| TripAdvisor Inc                               | TripAdvisor Inc                               | CUSIP: 896945201<br>LEI: 549300XVG45PT5BART17 | Long             | EC               | CORP              | US        |     78453 | NS      | $836308.98    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Trustmark Corp                                | Trustmark Corp                                | CUSIP: 898402102<br>LEI: 5493000HPQ4D2RZ79739 | Long             | EC               | CORP              | US        |     21161 | NS      | $891724.54    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| UFP Technologies Inc                          | UFP Technologies Inc                          | CUSIP: 902673102<br>LEI: 549300RJ8LY41HS70C91 | Long             | EC               | CORP              | US        |     12800 | NS      | $2478080.00   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| UFP Industries Inc                            | UFP Industries Inc                            | CUSIP: 90278Q108<br>LEI: 5493007KB485C9OV5572 | Long             | EC               | CORP              | US        |    114951 | NS      | $10589286.12  | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| USANA Health Sciences Inc                     | USANA Health Sciences Inc                     | CUSIP: 90328M107<br>LEI: 549300YTURXE814MAH96 | Long             | EC               | CORP              | US        |     41440 | NS      | $723956.80    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Ultra Clean Holdings Inc                      | Ultra Clean Holdings Inc                      | CUSIP: 90385V107<br>LEI: 5493007L6LS7QX18PE75 | Long             | EC               | CORP              | US        |    104934 | NS      | $6524796.12   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| UniFirst Corp/MA                              | UniFirst Corp/MA                              | CUSIP: 904708104<br>LEI: 5493003XBTNWBC8UK019 | Long             | EC               | CORP              | US        |      6800 | NS      | $1710812.00   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| United Fire Group Inc                         | United Fire Group Inc                         | CUSIP: 910340108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     21032 | NS      | $779445.92    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Lime & Minerals Inc             | United States Lime & Minerals Inc             | CUSIP: 911922102<br>LEI: 549300VGDEEG8RT7VC89 | Long             | EC               | CORP              | US        |     25759 | NS      | $3364382.99   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Universal Technical Institute Inc             | Universal Technical Institute Inc             | CUSIP: 913915104<br>LEI: 2549003YOJGAZ0PVFV48 | Long             | EC               | CORP              | US        |    389032 | NS      | $14044055.20  | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Ur-Energy Inc                                 | Ur-Energy Inc                                 | CUSIP: 91688R108<br>LEI: 5493004ZEMNWEC7T6X93 | Long             | EC               | CORP              | CA        |    150000 | NS      | $223500.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Uranium Energy Corp                           | Uranium Energy Corp                           | CUSIP: 916896103<br>LEI: 549300VD69WD2USLIP04 | Long             | EC               | CORP              | US        |     16000 | NS      | $216000.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Urban Outfitters Inc                          | Urban Outfitters Inc                          | CUSIP: 917047102<br>LEI: 549300N3DUFR5U6NRN38 | Long             | EC               | CORP              | US        |      6195 | NS      | $392453.25    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| VSE Corp                                      | VSE Corp                                      | CUSIP: 918284100<br>LEI: 549300QWJYQDH4U5XI15 | Long             | EC               | CORP              | US        |      9000 | NS      | $1659600.00   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Valmont Industries Inc                        | Valmont Industries Inc                        | CUSIP: 920253101<br>LEI: 5493009ZGZJJ8F77JN08 | Long             | EC               | CORP              | US        |     20818 | NS      | $8318248.26   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Valvoline Inc                                 | Valvoline Inc                                 | CUSIP: 92047W101<br>LEI: 549300CMHPBEY6VPOT75 | Long             | EC               | CORP              | US        |    404223 | NS      | $13614230.64  | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| VanEck Junior Gold Miners ETF                 | VanEck Junior Gold Miners ETF                 | CUSIP: 92189F791<br>LEI: 549300P2HS5GYBL1ME59 | Long             | EC               | RF                | US        |     88758 | NS      | $10654510.32  | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Verra Mobility Corp                           | Verra Mobility Corp                           | CUSIP: 92511U102<br>LEI: 549300XX5EKGLR0M4152 | Long             | EC               | CORP              | US        |      3997 | NS      | $57117.13     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertex Inc                                    | Vertex Inc                                    | CUSIP: 92538J106<br>LEI: 549300QMYW171MP1PL50 | Long             | EC               | CORP              | US        |     41000 | NS      | $487490.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Victory Capital Holdings Inc                  | Victory Capital Holdings Inc                  | CUSIP: 92645B103<br>LEI: 549300BN5LH2CIPPHS71 | Long             | EC               | CORP              | US        |     66340 | NS      | $4343943.20   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Virtu Financial Inc                           | Virtu Financial Inc                           | CUSIP: 928254101<br>LEI: 5493001OPW2K42CH3884 | Long             | EC               | CORP              | US        |     85000 | NS      | $3738300.00   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Virtus Investment Partners Inc                | Virtus Investment Partners Inc                | CUSIP: 92828Q109<br>LEI: 549300HWF93HB8BDM648 | Long             | EC               | CORP              | US        |      5144 | NS      | $691096.40    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Visteon Corp                                  | Visteon Corp                                  | CUSIP: 92839U206<br>LEI: 549300MOVLYHRW4GGW78 | Long             | EC               | CORP              | US        |     82318 | NS      | $7499992.98   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Vontier Corp                                  | Vontier Corp                                  | CUSIP: 928881101<br>LEI: 549300VVSQLG4P5K4639 | Long             | EC               | CORP              | US        |    222000 | NS      | $7874340.00   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| WD-40 Co                                      | WD-40 Co                                      | CUSIP: 929236107<br>LEI: 549300UZHTN0CNKBOB19 | Long             | EC               | CORP              | US        |     46131 | NS      | $9407956.14   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| WSFS Financial Corp                           | WSFS Financial Corp                           | CUSIP: 929328102<br>LEI: 549300SU7VQHD6QRG886 | Long             | EC               | CORP              | US        |      6354 | NS      | $415932.84    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Walker & Dunlop Inc                           | Walker & Dunlop Inc                           | CUSIP: 93148P102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    106306 | NS      | $4717860.28   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Westamerica BanCorp                           | Westamerica BanCorp                           | CUSIP: 957090103<br>LEI: 984500CF4F8115C11D96 | Long             | EC               | CORP              | US        |     42934 | NS      | $2239008.10   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Western New England Bancorp Inc               | Western New England Bancorp Inc               | CUSIP: 958892101<br>LEI: 549300Y8QE4EI2LP6B42 | Long             | EC               | CORP              | US        |     13838 | NS      | $178925.34    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Union Co/The                          | Western Union Co/The                          | CUSIP: 959802109<br>LEI: 28ID94QU1140NC23S047 | Long             | EC               | CORP              | US        |     50754 | NS      | $443082.42    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| World Acceptance Corp                         | World Acceptance Corp                         | CUSIP: 981419104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9394 | NS      | $1268565.76   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| World Kinect Corp                             | World Kinect Corp                             | CUSIP: 981475106<br>LEI: D3W7PCXCBRQLL17DZ313 | Long             | EC               | CORP              | US        |     42126 | NS      | $971846.82    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Worthington Enterprises Inc                   | Worthington Enterprises Inc                   | CUSIP: 981811102<br>LEI: 1WRCIANKYOIK6KYE5E82 | Long             | EC               | CORP              | US        |      3511 | NS      | $183063.54    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Worthington Steel Inc                         | Worthington Steel Inc                         | CUSIP: 982104101<br>LEI: 2549009ZUUWL3QLK6G24 | Long             | EC               | CORP              | US        |     38026 | NS      | $1154089.10   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| XPEL Inc                                      | XPEL Inc                                      | CUSIP: 98379L100<br>LEI: 549300KWSE3IGXLJNW66 | Long             | EC               | CORP              | US        |      6929 | NS      | $306677.54    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Yelp Inc                                      | Yelp Inc                                      | CUSIP: 985817105<br>LEI: 5299007OU2DOSXPQBO35 | Long             | EC               | CORP              | US        |     64384 | NS      | $1592860.16   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| YETI Holdings Inc                             | YETI Holdings Inc                             | CUSIP: 98585X104<br>LEI: 549300DSQICIGNT5GO63 | Long             | EC               | CORP              | US        |    163025 | NS      | $5965084.75   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Zymeworks Inc                                 | Zymeworks Inc                                 | CUSIP: 98985Y108<br>LEI: 894500AHOYAGYLYZJL67 | Long             | EC               | CORP              | US        |    146744 | NS      | $3674469.76   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Tel Aviv Stock Exchange Ltd                   | Tel Aviv Stock Exchange Ltd                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | IL        |    221179 | NS      | $9793488.31   | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Bolsa Mexicana de Valores SAB de CV           | Bolsa Mexicana de Valores SAB de CV           | CUSIP: 000000000<br>LEI: 894500CS2D6RLGW61A19 | Long             | EC               | CORP              | MX        |   1723106 | NS      | $3667717.12   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Chemring Group PLC                            | Chemring Group PLC                            | CUSIP: 000000000<br>LEI: 213800U9A54VQJ5P2J41 | Long             | EC               | CORP              | GB        |    106049 | NS      | $718246.43    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Teqnion AB                                    | Teqnion AB                                    | CUSIP: 000000000<br>LEI: 549300DRF7FY7VRFTX41 | Long             | EC               | CORP              | SE        |    191300 | NS      | $3075581.97   | 0.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Adient PLC                                    | Adient PLC                                    | CUSIP: 000000000<br>LEI: 5493002QLDY8O75RTR78 | Long             | EC               | CORP              | IE        |     30099 | NS      | $608300.79    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Alkermes PLC                                  | Alkermes PLC                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | IE        |     55683 | NS      | $1968950.88   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Assured Guaranty Ltd                          | Assured Guaranty Ltd                          | CUSIP: 000000000<br>LEI: 549300BBOQUJEPH87M14 | Long             | EC               | CORP              | BM        |    337204 | NS      | $27475381.92  | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of NT Butterfield & Son Ltd/The          | Bank of NT Butterfield & Son Ltd/The          | CUSIP: 000000000<br>LEI: 549300V8RVM0EMTDPF28 | Long             | EC               | CORP              | BM        |    221503 | NS      | $11624477.44  | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Burford Capital Ltd                           | Burford Capital Ltd                           | CUSIP: 000000000<br>LEI: 549300FUKUWFYJMT2277 | Long             | EC               | CORP              | GG        |    175000 | NS      | $791000.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Establishment Labs Holdings Inc               | Establishment Labs Holdings Inc               | CUSIP: 000000000<br>LEI: 549300BCBQ714JNJ7V58 | Long             | EC               | CORP              | VG        |    120839 | NS      | $6861238.42   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelis Insurance Holdings Ltd                | Fidelis Insurance Holdings Ltd                | CUSIP: 000000000<br>LEI: 549300CDMGCAGJQ7DX03 | Long             | EC               | CORP              | BM        |    230113 | NS      | $4397459.43   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Fresh Del Monte Produce Inc                   | Fresh Del Monte Produce Inc                   | CUSIP: 000000000<br>LEI: 529900I72V9F0FEZR228 | Long             | EC               | CORP              | KY        |     47992 | NS      | $1932157.92   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| FTAI Aviation Ltd                             | FTAI Aviation Ltd                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     42693 | NS      | $10459785.00  | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Helen of Troy Ltd                             | Helen of Troy Ltd                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BM        |     10626 | NS      | $153226.92    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Ichor Holdings Ltd                            | Ichor Holdings Ltd                            | CUSIP: 000000000<br>LEI: 529900PS8R2JVLJ2H892 | Long             | EC               | CORP              | KY        |    127699 | NS      | $5952050.39   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| International General Insurance Holdings Ltd  | International General Insurance Holdings Ltd  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BM        |    913123 | NS      | $22120404.68  | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Brightstar Lottery PLC                        | Brightstar Lottery PLC                        | CUSIP: 000000000<br>LEI: 549300UQ6KHRCZDRGZ76 | Long             | EC               | CORP              | GB        |    480118 | NS      | $6116703.32   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Marex Group PLC                               | Marex Group PLC                               | CUSIP: 000000000<br>LEI: 549300DWX0SVICJAL507 | Long             | EC               | CORP              | GB        |    318822 | NS      | $14213084.76  | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Nomad Foods Ltd                               | Nomad Foods Ltd                               | CUSIP: 000000000<br>LEI: 5493000ZZ1837DS2SI43 | Long             | EC               | CORP              | VG        |    931634 | NS      | $8953002.74   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| RenaissanceRe Holdings Ltd                    | RenaissanceRe Holdings Ltd                    | CUSIP: 000000000<br>LEI: EK6GB9U3U58PDI411C94 | Long             | EC               | CORP              | BM        |     19900 | NS      | $5914877.00   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Signet Jewelers Ltd                           | Signet Jewelers Ltd                           | CUSIP: 000000000<br>LEI: 549300N3XPGE91WV7M22 | Long             | EC               | CORP              | BM        |     94524 | NS      | $8000511.36   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| SiriusPoint Ltd                               | SiriusPoint Ltd                               | CUSIP: 000000000<br>LEI: 549300OGXFI85N3YZZ51 | Long             | EC               | CORP              | BM        |     34540 | NS      | $743991.60    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Latin America Ltd                     | Liberty Latin America Ltd                     | CUSIP: 000000000<br>LEI: 213800YWQHEAX7CAVO83 | Long             | EC               | CORP              | BM        |     63228 | NS      | $557670.96    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| White Mountains Insurance Group Ltd           | White Mountains Insurance Group Ltd           | CUSIP: 000000000<br>LEI: 549300N3FL068JERBG02 | Long             | EC               | CORP              | BM        |      4923 | NS      | $10815634.08  | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Sophia Genetics SA                            | Sophia Genetics SA                            | CUSIP: 000000000<br>LEI: 506700H1GPU9GGM8W895 | Long             | EC               | CORP              | CH        |     22748 | NS      | $112602.60    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Camtek Ltd/Israel                             | Camtek Ltd/Israel                             | CUSIP: 000000000<br>LEI: 5493000H80W07HCKGS43 | Long             | EC               | CORP              | IL        |     44534 | NS      | $6751799.74   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Gilat Satellite Networks Ltd                  | Gilat Satellite Networks Ltd                  | CUSIP: 000000000<br>LEI: 529900RVHDCYJ5YWHP12 | Long             | EC               | CORP              | IL        |     89000 | NS      | $1336780.00   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| JFrog Ltd                                     | JFrog Ltd                                     | CUSIP: 000000000<br>LEI: 2549002N8E00AY49G567 | Long             | EC               | CORP              | IL        |    306039 | NS      | $14362410.27  | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Tower Semiconductor Ltd                       | Tower Semiconductor Ltd                       | CUSIP: 000000000<br>LEI: 54930086ZSNXZOUX0C54 | Long             | EC               | CORP              | IL        |     61397 | NS      | $10773945.56  | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Wix.com Ltd                                   | Wix.com Ltd                                   | CUSIP: 000000000<br>LEI: 5493008P6N29Q1AG9464 | Long             | EC               | CORP              | IL        |     15270 | NS      | $1375368.90   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco Latinoamericano de Comercio Exterior SA | Banco Latinoamericano de Comercio Exterior SA | CUSIP: 000000000<br>LEI: 549300CN3134K4LC0651 | Long             | EC               | CORP              | PA        |    114899 | NS      | $5869040.92   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| OneSpaWorld Holdings Ltd                      | OneSpaWorld Holdings Ltd                      | CUSIP: 000000000<br>LEI: 5493007W8PZ8W6UC2X76 | Long             | EC               | CORP              | BS        |     63000 | NS      | $1445850.00   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Stevanato Group SpA                           | Stevanato Group SpA                           | CUSIP: 000000000<br>LEI: 81560033F7E1CD477507 | Long             | EC               | CORP              | IT        |    436553 | NS      | $6002603.75   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| International Seaways Inc                     | International Seaways Inc                     | CUSIP: 000000000<br>LEI: 549300YUFDGFRNGBWF46 | Long             | EC               | CORP              | MH        |     26337 | NS      | $1919440.56   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-04-24

**Name of Applicant:** ROYCE SMALL-CAP TRUST, INC.

**Signature:** John Schwartz

**Name of Signer:** John Schwartz

**Title:** Associate General Counsel