# EDGAR Filing Document

**Accession Number:** 0001474103
**File Stem:** 0000940400-26-021637
**Filing Date:** 2026-5
**Character Count:** 151150
**Document Hash:** f9976a48671dcd10ce9c7ae009112e51
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-021637.hdr.sgml**: 20260528

**ACCESSION NUMBER**: 0000940400-26-021637

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260528

**DATE AS OF CHANGE**: 20260528

**PERIOD START**: 20261231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Legg Mason Global Asset Management Trust
- **CENTRAL INDEX KEY:** 0001474103

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22338
- **FILM NUMBER:** 261031899

**BUSINESS ADDRESS:**
- **STREET 1:** 100 INTERNATIONAL DRIVE
- **CITY:** BALTIMORE
- **STATE:** MD
- **ZIP:** 21202
- **BUSINESS PHONE:** 410-539-0000

**MAIL ADDRESS:**
- **STREET 1:** 100 INTERNATIONAL DRIVE
- **CITY:** BALTIMORE
- **STATE:** MD
- **ZIP:** 21202

## Series and Classes Contracts Data

### Franklin U.S. Small Cap Equity Fund (Series ID: S000036895)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000112923 | Class A      | LMBAX           |
| C000112924 | Class C      | LMBCX           |
| C000112925 | Class FI     | LGSCX           |
| C000112928 | Class I      | LMSIX           |
| C000112929 | Class IS     | LMBMX           |

## Nport-Ex

Schedule of Investments (unaudited)

March 31, 2026

***If you need assistance accessing this content, please reach out to your sales representative or send an email to*** <u>accessibility@franklintempleton.com.</u>

 **Franklin U.S. Small Cap Equity Fund**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <br>(Percentages shown based on Fund net assets)

---

| | | |
|:---|:---|:---|
| Security | Shares | Value |
| **Common Stocks — 98.9%** | **Common Stocks — 98.9%** | **Common Stocks — 98.9%** |
| **Communication Services — 2.2%** | **Communication Services — 2.2%** | **Communication Services — 2.2%** |
| *Diversified Telecommunication Services — 0.9%* | *Diversified Telecommunication Services — 0.9%* | *Diversified Telecommunication Services — 0.9%* |
| &nbsp;&nbsp;&nbsp; Lumen Technologies Inc. | &nbsp;&nbsp; 151288 | &nbsp;&nbsp;&nbsp; $*1,051,452*<br> \*<br>|
| *Entertainment — 0.3%* | *Entertainment — 0.3%* | *Entertainment — 0.3%* |
| &nbsp;&nbsp;&nbsp; Cinemark Holdings Inc. | &nbsp;&nbsp; 12420 | &nbsp;&nbsp;&nbsp; 354218<br>|
| &nbsp;&nbsp;&nbsp; Playtika Holding Corp. | &nbsp;&nbsp; 29159 | &nbsp;&nbsp;&nbsp; 81062<br>|
| *Total Entertainment* | *Total Entertainment* | &nbsp;&nbsp; *435280* |
| *Interactive Media & Services — 0.6%* | *Interactive Media & Services — 0.6%* | *Interactive Media & Services — 0.6%* |
| &nbsp;&nbsp;&nbsp; Bumble Inc., Class A Shares | &nbsp;&nbsp; 19472 | &nbsp;&nbsp;&nbsp; 63,479<br> \*<br>|
| &nbsp;&nbsp;&nbsp; EverQuote Inc., Class A Shares | &nbsp;&nbsp; 20830 | &nbsp;&nbsp;&nbsp; 321,199<br> \*<br>|
| &nbsp;&nbsp;&nbsp; Yelp Inc. | &nbsp;&nbsp; 14444 | &nbsp;&nbsp;&nbsp; 357,344<br> \*<br>|
| *Total Interactive Media & Services* | *Total Interactive Media & Services* | &nbsp;&nbsp; *742022* |
| *Media — 0.4%* | *Media — 0.4%* | *Media — 0.4%* |
| &nbsp;&nbsp;&nbsp; USA TODAY Co. Inc. | &nbsp;&nbsp; 63286 | &nbsp;&nbsp;&nbsp; *446,166*<br> \*<br>|
| **Total Communication Services** | **Total Communication Services** | &nbsp;&nbsp; **2674920** |
| **Consumer Discretionary — 10.2%** | **Consumer Discretionary — 10.2%** | **Consumer Discretionary — 10.2%** |
| *Automobiles — 0.5%* | *Automobiles — 0.5%* | *Automobiles — 0.5%* |
| &nbsp;&nbsp;&nbsp; Winnebago Industries Inc.  | &nbsp;&nbsp; 20522 | &nbsp;&nbsp;&nbsp; *635977*<br>|
| *Broadline Retail — 0.6%* | *Broadline Retail — 0.6%* | *Broadline Retail — 0.6%* |
| &nbsp;&nbsp;&nbsp; Kohl's Corp. | &nbsp;&nbsp; 57325 | &nbsp;&nbsp;&nbsp; *739492*<br>|
| *Diversified Consumer Services — 2.0%* | *Diversified Consumer Services — 2.0%* | *Diversified Consumer Services — 2.0%* |
| &nbsp;&nbsp;&nbsp; American Public Education Inc. | &nbsp;&nbsp; 14118 | &nbsp;&nbsp;&nbsp; 803,032<br> \*<br>|
| &nbsp;&nbsp;&nbsp; Covista Inc. | &nbsp;&nbsp; 5569 | &nbsp;&nbsp;&nbsp; 641,827<br> \*<br>|
| &nbsp;&nbsp;&nbsp; Frontdoor Inc. | &nbsp;&nbsp; 7358 | &nbsp;&nbsp;&nbsp; 388,944<br> \*<br>|
| &nbsp;&nbsp;&nbsp; Perdoceo Education Corp. | &nbsp;&nbsp; 13481 | &nbsp;&nbsp;&nbsp; 501628<br>|
| *Total Diversified Consumer Services* | *Total Diversified Consumer Services* | &nbsp;&nbsp; *2335431* |
| *Hotels, Restaurants & Leisure — 1.6%* | *Hotels, Restaurants & Leisure — 1.6%* | *Hotels, Restaurants & Leisure — 1.6%* |
| &nbsp;&nbsp;&nbsp; Brinker International Inc. | &nbsp;&nbsp; 5164 | &nbsp;&nbsp;&nbsp; 737,264<br> \*<br>|
| &nbsp;&nbsp;&nbsp; Rush Street Interactive Inc. | &nbsp;&nbsp; 15220 | &nbsp;&nbsp;&nbsp; 331,035<br> \*<br>|
| &nbsp;&nbsp;&nbsp; Super Group SGHC Ltd. | &nbsp;&nbsp; 58460 | &nbsp;&nbsp;&nbsp; 631368<br>|
| &nbsp;&nbsp;&nbsp; United Parks & Resorts Inc. | &nbsp;&nbsp; 4003 | &nbsp;&nbsp;&nbsp; 130,738<br> \*<br>|
| *Total Hotels, Restaurants & Leisure* | *Total Hotels, Restaurants & Leisure* | &nbsp;&nbsp; *1830405* |
| *Household Durables — 1.7%* | *Household Durables — 1.7%* | *Household Durables — 1.7%* |
| &nbsp;&nbsp;&nbsp; Cricut Inc., Class A Shares | &nbsp;&nbsp; 87768 | &nbsp;&nbsp;&nbsp; 328252<br>|
| &nbsp;&nbsp;&nbsp; Hovnanian Enterprises Inc., Class A Shares | &nbsp;&nbsp; 6220 | &nbsp;&nbsp;&nbsp; 689,860<br> \*<br>|
| &nbsp;&nbsp;&nbsp; KB Home | &nbsp;&nbsp; 3937 | &nbsp;&nbsp;&nbsp; 203740<br>|
| &nbsp;&nbsp;&nbsp; M/I Homes Inc. | &nbsp;&nbsp; 2097 | &nbsp;&nbsp;&nbsp; 256,778<br> \*<br>|
| &nbsp;&nbsp;&nbsp; Sonos Inc. | &nbsp;&nbsp; 43183 | &nbsp;&nbsp;&nbsp; 578,652<br> \*<br>|
| *Total Household Durables* | *Total Household Durables* | &nbsp;&nbsp; *2057282* |
| *Leisure Products — 0.8%* | *Leisure Products — 0.8%* | *Leisure Products — 0.8%* |
| &nbsp;&nbsp;&nbsp; Peloton Interactive Inc., Class A Shares | &nbsp;&nbsp; 85798 | &nbsp;&nbsp;&nbsp; 368,073<br> \*<br>|
| &nbsp;&nbsp;&nbsp; Polaris Inc. | &nbsp;&nbsp; 10419 | &nbsp;&nbsp;&nbsp; 567836<br>|
| *Total Leisure Products* | *Total Leisure Products* | &nbsp;&nbsp; *935909* |
| *Specialty Retail — 2.7%* | *Specialty Retail — 2.7%* | *Specialty Retail — 2.7%* |
| &nbsp;&nbsp;&nbsp; Abercrombie & Fitch Co., Class A Shares | &nbsp;&nbsp; 5718 | &nbsp;&nbsp;&nbsp; 522,454<br> \*<br>|
| &nbsp;&nbsp;&nbsp; American Eagle Outfitters Inc. | &nbsp;&nbsp; 28024 | &nbsp;&nbsp;&nbsp; 468001<br>|
| &nbsp;&nbsp;&nbsp; Designer Brands Inc., Class A Shares | &nbsp;&nbsp; 18092 | &nbsp;&nbsp;&nbsp; 102943<br>|

---

See Notes to Schedule of Investments.

------

Franklin U.S. Small Cap Equity Fund 2026 Quarterly Report

------

Schedule of Investments (unaudited) (cont'd)

March 31, 2026

 **Franklin U.S. Small Cap Equity Fund**

(Percentages shown based on Fund net assets)

---

| | | |
|:---|:---|:---|
| Security | Shares | Value |
| *Specialty Retail — continued* | *Specialty Retail — continued* | *Specialty Retail — continued* |
| &nbsp;&nbsp;&nbsp; Group 1 Automotive Inc. | &nbsp;&nbsp; 1503 | &nbsp;&nbsp;&nbsp; $496937<br>|
| &nbsp;&nbsp;&nbsp; RealReal Inc. | &nbsp;&nbsp; 21814 | &nbsp;&nbsp;&nbsp; 198,071<br> \*<br>|
| &nbsp;&nbsp;&nbsp; Signet Jewelers Ltd. | &nbsp;&nbsp; 6856 | &nbsp;&nbsp;&nbsp; 580292<br>|
| &nbsp;&nbsp;&nbsp; Stitch Fix Inc., Class A Shares | &nbsp;&nbsp; 74972 | &nbsp;&nbsp;&nbsp; 248,157<br> \*<br>|
| &nbsp;&nbsp;&nbsp; Urban Outfitters Inc. | &nbsp;&nbsp; 8910 | &nbsp;&nbsp;&nbsp; 564,449<br> \*<br>|
| *Total Specialty Retail* | *Total Specialty Retail* | &nbsp;&nbsp; *3181304* |
| *Textiles, Apparel & Luxury Goods — 0.3%* | *Textiles, Apparel & Luxury Goods — 0.3%* | *Textiles, Apparel & Luxury Goods — 0.3%* |
| &nbsp;&nbsp;&nbsp; G-III Apparel Group Ltd. | &nbsp;&nbsp; 14164 | &nbsp;&nbsp;&nbsp; *392343*<br>|
| **Total Consumer Discretionary** | **Total Consumer Discretionary** | &nbsp;&nbsp; **12108143** |
| **Consumer Staples — 3.4%** | **Consumer Staples — 3.4%** | **Consumer Staples — 3.4%** |
| *Consumer Staples Distribution & Retail — 0.7%* | *Consumer Staples Distribution & Retail — 0.7%* | *Consumer Staples Distribution & Retail — 0.7%* |
| &nbsp;&nbsp;&nbsp; United Natural Foods Inc. | &nbsp;&nbsp; 19539 | &nbsp;&nbsp;&nbsp; *880,427*<br> \*<br>|
| *Food Products — 1.2%* | *Food Products — 1.2%* | *Food Products — 1.2%* |
| &nbsp;&nbsp;&nbsp; Cal-Maine Foods Inc. | &nbsp;&nbsp; 7822 | &nbsp;&nbsp;&nbsp; 619111<br>|
| &nbsp;&nbsp;&nbsp; Seneca Foods Corp., Class A Shares | &nbsp;&nbsp; 5329 | &nbsp;&nbsp;&nbsp; 805,319<br> \*<br>|
| *Total Food Products* | *Total Food Products* | &nbsp;&nbsp; *1424430* |
| *Personal Care Products — 1.3%* | *Personal Care Products — 1.3%* | *Personal Care Products — 1.3%* |
| &nbsp;&nbsp;&nbsp; Herbalife Ltd. | &nbsp;&nbsp; 41694 | &nbsp;&nbsp;&nbsp; 613,736<br> \*<br>|
| &nbsp;&nbsp;&nbsp; Nature's Sunshine Products Inc. | &nbsp;&nbsp; 21921 | &nbsp;&nbsp;&nbsp; 525,885<br> \*<br>|
| &nbsp;&nbsp;&nbsp; Nu Skin Enterprises Inc., Class A Shares | &nbsp;&nbsp; 46315 | &nbsp;&nbsp;&nbsp; 337173<br>|
| &nbsp;&nbsp;&nbsp; USANA Health Sciences Inc. | &nbsp;&nbsp; 3238 | &nbsp;&nbsp;&nbsp; 56,568<br> \*<br>|
| *Total Personal Care Products* | *Total Personal Care Products* | &nbsp;&nbsp; *1533362* |
| *Tobacco — 0.2%* | *Tobacco — 0.2%* | *Tobacco — 0.2%* |
| &nbsp;&nbsp;&nbsp; Turning Point Brands Inc. | &nbsp;&nbsp; 2767 | &nbsp;&nbsp;&nbsp; *240148*<br>|
| **Total Consumer Staples** | **Total Consumer Staples** | &nbsp;&nbsp; **4078367** |
| **Energy — 7.7%** | **Energy — 7.7%** | **Energy — 7.7%** |
| *Energy Equipment & Services — 0.6%* | *Energy Equipment & Services — 0.6%* | *Energy Equipment & Services — 0.6%* |
| &nbsp;&nbsp;&nbsp; Valaris Ltd. | &nbsp;&nbsp; 7317 | &nbsp;&nbsp;&nbsp; *717,359*<br> \*<br>|
| *Oil, Gas & Consumable Fuels — 7.1%* | *Oil, Gas & Consumable Fuels — 7.1%* | *Oil, Gas & Consumable Fuels — 7.1%* |
| &nbsp;&nbsp;&nbsp; California Resources Corp. | &nbsp;&nbsp; 15478 | &nbsp;&nbsp;&nbsp; 1071387<br>|
| &nbsp;&nbsp;&nbsp; Centrus Energy Corp., Class A Shares | &nbsp;&nbsp; 1746 | &nbsp;&nbsp;&nbsp; 303,088<br> \*<br>|
| &nbsp;&nbsp;&nbsp; DHT Holdings Inc. | &nbsp;&nbsp; 28823 | &nbsp;&nbsp;&nbsp; 526596<br>|
| &nbsp;&nbsp;&nbsp; Golar LNG Ltd. | &nbsp;&nbsp; 6259 | &nbsp;&nbsp;&nbsp; 338674<br>|
| &nbsp;&nbsp;&nbsp; Gulfport Energy Corp. | &nbsp;&nbsp; 1761 | &nbsp;&nbsp;&nbsp; 372,575<br> \*<br>|
| &nbsp;&nbsp;&nbsp; Magnolia Oil & Gas Corp., Class A Shares | &nbsp;&nbsp; 7991 | &nbsp;&nbsp;&nbsp; 252276<br>|
| &nbsp;&nbsp;&nbsp; Murphy Oil Corp. | &nbsp;&nbsp; 14443 | &nbsp;&nbsp;&nbsp; 595774<br>|
| &nbsp;&nbsp;&nbsp; Par Pacific Holdings Inc. | &nbsp;&nbsp; 17756 | &nbsp;&nbsp;&nbsp; 1,112,236<br> \*<br>|
| &nbsp;&nbsp;&nbsp; Peabody Energy Corp. | &nbsp;&nbsp; 20449 | &nbsp;&nbsp;&nbsp; 673795<br>|
| &nbsp;&nbsp;&nbsp; Riley Exploration Permian Inc. | &nbsp;&nbsp; 5735 | &nbsp;&nbsp;&nbsp; 209041<br>|
| &nbsp;&nbsp;&nbsp; Scorpio Tankers Inc. | &nbsp;&nbsp; 9900 | &nbsp;&nbsp;&nbsp; 739134<br>|
| &nbsp;&nbsp;&nbsp; Talos Energy Inc. | &nbsp;&nbsp; 67113 | &nbsp;&nbsp;&nbsp; 1,057,701<br> \*<br>|
| &nbsp;&nbsp;&nbsp; Teekay Corp. Ltd. | &nbsp;&nbsp; 48153 | &nbsp;&nbsp;&nbsp; 587948<br>|
| &nbsp;&nbsp;&nbsp; Teekay Tankers Ltd., Class A Shares | &nbsp;&nbsp; 7904 | &nbsp;&nbsp;&nbsp; 579521<br>|
| *Total Oil, Gas & Consumable Fuels* | *Total Oil, Gas & Consumable Fuels* | &nbsp;&nbsp; *8419746* |
| **Total Energy** | **Total Energy** | &nbsp;&nbsp; **9137105** |

---

See Notes to Schedule of Investments.

------

Franklin U.S. Small Cap Equity Fund 2026 Quarterly Report

------

 **Franklin U.S. Small Cap Equity Fund**

(Percentages shown based on Fund net assets)

---

| | | |
|:---|:---|:---|
| Security | Shares | Value |
| **Financials — 15.7%** | **Financials — 15.7%** | **Financials — 15.7%** |
| *Banks — 8.2%* | *Banks — 8.2%* | *Banks — 8.2%* |
| &nbsp;&nbsp;&nbsp; Amalgamated Financial Corp. | &nbsp;&nbsp; 7970 | &nbsp;&nbsp;&nbsp; $309794<br>|
| &nbsp;&nbsp;&nbsp; Associated Banc-Corp. | &nbsp;&nbsp; 13692 | &nbsp;&nbsp;&nbsp; 354075<br>|
| &nbsp;&nbsp;&nbsp; Axos Financial Inc. | &nbsp;&nbsp; 8682 | &nbsp;&nbsp;&nbsp; 738,751<br> \*<br>|
| &nbsp;&nbsp;&nbsp; Bancorp Inc. | &nbsp;&nbsp; 8259 | &nbsp;&nbsp;&nbsp; 443,756<br> \*<br>|
| &nbsp;&nbsp;&nbsp; Bank of N.T. Butterfield & Son Ltd. | &nbsp;&nbsp; 13135 | &nbsp;&nbsp;&nbsp; 689325<br>|
| &nbsp;&nbsp;&nbsp; BankUnited Inc. | &nbsp;&nbsp; 11093 | &nbsp;&nbsp;&nbsp; 500960<br>|
| &nbsp;&nbsp;&nbsp; Central Pacific Financial Corp. | &nbsp;&nbsp; 7995 | &nbsp;&nbsp;&nbsp; 255520<br>|
| &nbsp;&nbsp;&nbsp; Customers Bancorp Inc. | &nbsp;&nbsp; 7420 | &nbsp;&nbsp;&nbsp; 515,022<br> \*<br>|
| &nbsp;&nbsp;&nbsp; Eagle Bancorp Inc. | &nbsp;&nbsp; 6901 | &nbsp;&nbsp;&nbsp; 171628<br>|
| &nbsp;&nbsp;&nbsp; Enterprise Financial Services Corp. | &nbsp;&nbsp; 5618 | &nbsp;&nbsp;&nbsp; 303990<br>|
| &nbsp;&nbsp;&nbsp; First BanCorp | &nbsp;&nbsp; 31579 | &nbsp;&nbsp;&nbsp; 674527<br>|
| &nbsp;&nbsp;&nbsp; First Financial Corp. | &nbsp;&nbsp; 4603 | &nbsp;&nbsp;&nbsp; 290910<br>|
| &nbsp;&nbsp;&nbsp; HomeTrust Bancshares Inc. | &nbsp;&nbsp; 5350 | &nbsp;&nbsp;&nbsp; 228178<br>|
| &nbsp;&nbsp;&nbsp; Independent Bank Corp. (Massachusetts) | &nbsp;&nbsp; 5971 | &nbsp;&nbsp;&nbsp; 449079<br>|
| &nbsp;&nbsp;&nbsp; Independent Bank Corp. (Michigan) | &nbsp;&nbsp; 5112 | &nbsp;&nbsp;&nbsp; 170230<br>|
| &nbsp;&nbsp;&nbsp; Northfield Bancorp Inc. | &nbsp;&nbsp; 13469 | &nbsp;&nbsp;&nbsp; 182370<br>|
| &nbsp;&nbsp;&nbsp; OFG Bancorp | &nbsp;&nbsp; 12803 | &nbsp;&nbsp;&nbsp; 518009<br>|
| &nbsp;&nbsp;&nbsp; Pathward Financial Inc. | &nbsp;&nbsp; 4075 | &nbsp;&nbsp;&nbsp; 363612<br>|
| &nbsp;&nbsp;&nbsp; Preferred Bank | &nbsp;&nbsp; 3530 | &nbsp;&nbsp;&nbsp; 320136<br>|
| &nbsp;&nbsp;&nbsp; ServisFirst Bancshares Inc. | &nbsp;&nbsp; 1165 | &nbsp;&nbsp;&nbsp; 84847<br>|
| &nbsp;&nbsp;&nbsp; Texas Capital Bancshares Inc. | &nbsp;&nbsp; 7364 | &nbsp;&nbsp;&nbsp; 698,696<br> \*<br>|
| &nbsp;&nbsp;&nbsp; TrustCo Bank Corp. | &nbsp;&nbsp; 6473 | &nbsp;&nbsp;&nbsp; 283388<br>|
| &nbsp;&nbsp;&nbsp; United Community Banks Inc. | &nbsp;&nbsp; 6611 | &nbsp;&nbsp;&nbsp; 208180<br>|
| &nbsp;&nbsp;&nbsp; Univest Financial Corp. | &nbsp;&nbsp; 9469 | &nbsp;&nbsp;&nbsp; 324408<br>|
| &nbsp;&nbsp;&nbsp; Valley National Bancorp | &nbsp;&nbsp; 57597 | &nbsp;&nbsp;&nbsp; 707291<br>|
| *Total Banks* | *Total Banks* | &nbsp;&nbsp; *9786682* |
| *Capital Markets — 1.8%* | *Capital Markets — 1.8%* | *Capital Markets — 1.8%* |
| &nbsp;&nbsp;&nbsp; Acadian Asset Management Inc. | &nbsp;&nbsp; 15847 | &nbsp;&nbsp;&nbsp; 862394<br>|
| &nbsp;&nbsp;&nbsp; Artisan Partners Asset Management Inc., Class A Shares | &nbsp;&nbsp; 14635 | &nbsp;&nbsp;&nbsp; 532568<br>|
| &nbsp;&nbsp;&nbsp; Piper Sandler Cos. | &nbsp;&nbsp; 9708 | &nbsp;&nbsp;&nbsp; 743147<br>|
| *Total Capital Markets* | *Total Capital Markets* | &nbsp;&nbsp; *2138109* |
| *Consumer Finance — 0.8%* | *Consumer Finance — 0.8%* | *Consumer Finance — 0.8%* |
| &nbsp;&nbsp;&nbsp; Bread Financial Holdings Inc. | &nbsp;&nbsp; 2451 | &nbsp;&nbsp;&nbsp; 183556<br>|
| &nbsp;&nbsp;&nbsp; Enova International Inc. | &nbsp;&nbsp; 5086 | &nbsp;&nbsp;&nbsp; 690,831<br> \*<br>|
| *Total Consumer Finance* | *Total Consumer Finance* | &nbsp;&nbsp; *874387* |
| *Financial Services — 3.9%* | *Financial Services — 3.9%* | *Financial Services — 3.9%* |
| &nbsp;&nbsp;&nbsp; Banco Latinoamericano de Comercio Exterior SA, Class E Shares | &nbsp;&nbsp; 11343 | &nbsp;&nbsp;&nbsp; 579400<br>|
| &nbsp;&nbsp;&nbsp; Essent Group Ltd. | &nbsp;&nbsp; 10977 | &nbsp;&nbsp;&nbsp; 641496<br>|
| &nbsp;&nbsp;&nbsp; Jackson Financial Inc., Class A Shares | &nbsp;&nbsp; 9508 | &nbsp;&nbsp;&nbsp; 1005186<br>|
| &nbsp;&nbsp;&nbsp; NMI Holdings Inc. | &nbsp;&nbsp; 9627 | &nbsp;&nbsp;&nbsp; 361,109<br> \*<br>|
| &nbsp;&nbsp;&nbsp; Pagseguro Digital Ltd., Class A Shares | &nbsp;&nbsp; 61811 | &nbsp;&nbsp;&nbsp; 619346<br>|
| &nbsp;&nbsp;&nbsp; Radian Group Inc. | &nbsp;&nbsp; 23088 | &nbsp;&nbsp;&nbsp; 763751<br>|
| &nbsp;&nbsp;&nbsp; Sezzle Inc. | &nbsp;&nbsp; 1935 | &nbsp;&nbsp;&nbsp; 122,466<br> \*<br>|
| &nbsp;&nbsp;&nbsp; StoneCo Ltd., Class A Shares | &nbsp;&nbsp; 38821 | &nbsp;&nbsp;&nbsp; 548,153<br> \*<br>|
| *Total Financial Services* | *Total Financial Services* | &nbsp;&nbsp; *4640907* |

---

See Notes to Schedule of Investments.

------

Franklin U.S. Small Cap Equity Fund 2026 Quarterly Report

------

Schedule of Investments (unaudited) (cont'd)

March 31, 2026

 **Franklin U.S. Small Cap Equity Fund**

(Percentages shown based on Fund net assets)

---

| | | |
|:---|:---|:---|
| Security | Shares | Value |
| *Insurance — 1.0%* | *Insurance — 1.0%* | *Insurance — 1.0%* |
| &nbsp;&nbsp;&nbsp; Genworth Financial Inc. | &nbsp;&nbsp; 69494 | &nbsp;&nbsp;&nbsp; $564,291<br> \*<br>|
| &nbsp;&nbsp;&nbsp; SiriusPoint Ltd. | &nbsp;&nbsp; 29490 | &nbsp;&nbsp;&nbsp; 635,215<br> \*<br>|
| *Total Insurance* | *Total Insurance* | &nbsp;&nbsp; *1199506* |
| **Total Financials** | **Total Financials** | &nbsp;&nbsp; **18639591** |
| **Health Care — 19.1%** | **Health Care — 19.1%** | **Health Care — 19.1%** |
| *Biotechnology — 9.2%* | *Biotechnology — 9.2%* | *Biotechnology — 9.2%* |
| &nbsp;&nbsp;&nbsp; ACADIA Pharmaceuticals Inc. | &nbsp;&nbsp; 15933 | &nbsp;&nbsp;&nbsp; 354,668<br> \*<br>|
| &nbsp;&nbsp;&nbsp; ADMA Biologics Inc. | &nbsp;&nbsp; 18489 | &nbsp;&nbsp;&nbsp; 166,586<br> \*<br>|
| &nbsp;&nbsp;&nbsp; Aeglea BioTherapeutics Inc., CVR | &nbsp;&nbsp; 30064 | &nbsp;&nbsp;&nbsp; 0<br> \*<sup>(a)(b)(c)</sup><br>|
| &nbsp;&nbsp;&nbsp; Alkermes PLC | &nbsp;&nbsp; 13738 | &nbsp;&nbsp;&nbsp; 485,776<br> \*<br>|
| &nbsp;&nbsp;&nbsp; Amicus Therapeutics Inc. | &nbsp;&nbsp; 36400 | &nbsp;&nbsp;&nbsp; 526,344<br> \*<br>|
| &nbsp;&nbsp;&nbsp; AnaptysBio Inc. | &nbsp;&nbsp; 4716 | &nbsp;&nbsp;&nbsp; 261,549<br> \*<br>|
| &nbsp;&nbsp;&nbsp; Arcutis Biotherapeutics Inc. | &nbsp;&nbsp; 13119 | &nbsp;&nbsp;&nbsp; 309,084<br> \*<br>|
| &nbsp;&nbsp;&nbsp; Arrowhead Pharmaceuticals Inc. | &nbsp;&nbsp; 11168 | &nbsp;&nbsp;&nbsp; 700,234<br> \*<br>|
| &nbsp;&nbsp;&nbsp; Aurinia Pharmaceuticals Inc. | &nbsp;&nbsp; 25966 | &nbsp;&nbsp;&nbsp; 384,816<br> \*<br>|
| &nbsp;&nbsp;&nbsp; BioCryst Pharmaceuticals Inc. | &nbsp;&nbsp; 37415 | &nbsp;&nbsp;&nbsp; 356,191<br> \*<br>|
| &nbsp;&nbsp;&nbsp; Blueprint Medicines Corp. | &nbsp;&nbsp; 3400 | &nbsp;&nbsp;&nbsp; 1,564<br> \*<sup>(a)(b)</sup><br>|
| &nbsp;&nbsp;&nbsp; Bridgebio Pharma Inc. | &nbsp;&nbsp; 5985 | &nbsp;&nbsp;&nbsp; 444,446<br> \*<br>|
| &nbsp;&nbsp;&nbsp; CareDx Inc. | &nbsp;&nbsp; 16312 | &nbsp;&nbsp;&nbsp; 283,176<br> \*<br>|
| &nbsp;&nbsp;&nbsp; Catalyst Pharmaceuticals Inc. | &nbsp;&nbsp; 12979 | &nbsp;&nbsp;&nbsp; 321,360<br> \*<br>|
| &nbsp;&nbsp;&nbsp; Emergent BioSolutions Inc. | &nbsp;&nbsp; 29255 | &nbsp;&nbsp;&nbsp; 242,816<br> \*<br>|
| &nbsp;&nbsp;&nbsp; Erasca Inc. | &nbsp;&nbsp; 10889 | &nbsp;&nbsp;&nbsp; 176,184<br> \*<br>|
| &nbsp;&nbsp;&nbsp; Ironwood Pharmaceuticals Inc. | &nbsp;&nbsp; 71170 | &nbsp;&nbsp;&nbsp; 249,807<br> \*<br>|
| &nbsp;&nbsp;&nbsp; Keros Therapeutics Inc. | &nbsp;&nbsp; 14509 | &nbsp;&nbsp;&nbsp; 160,179<br> \*<br>|
| &nbsp;&nbsp;&nbsp; Krystal Biotech Inc. | &nbsp;&nbsp; 1677 | &nbsp;&nbsp;&nbsp; 433,203<br> \*<br>|
| &nbsp;&nbsp;&nbsp; Madrigal Pharmaceuticals Inc. | &nbsp;&nbsp; 1194 | &nbsp;&nbsp;&nbsp; 625,023<br> \*<br>|
| &nbsp;&nbsp;&nbsp; MannKind Corp. | &nbsp;&nbsp; 23059 | &nbsp;&nbsp;&nbsp; 56,494<br> \*<br>|
| &nbsp;&nbsp;&nbsp; MiMedx Group Inc. | &nbsp;&nbsp; 52345 | &nbsp;&nbsp;&nbsp; 206,763<br> \*<br>|
| &nbsp;&nbsp;&nbsp; Mirum Pharmaceuticals Inc. | &nbsp;&nbsp; 2776 | &nbsp;&nbsp;&nbsp; 256,447<br> \*<br>|
| &nbsp;&nbsp;&nbsp; Monte Rosa Therapeutics Inc. | &nbsp;&nbsp; 15497 | &nbsp;&nbsp;&nbsp; 254,926<br> \*<br>|
| &nbsp;&nbsp;&nbsp; Myriad Genetics Inc. | &nbsp;&nbsp; 5773 | &nbsp;&nbsp;&nbsp; 25,978<br> \*<br>|
| &nbsp;&nbsp;&nbsp; PDL BioPharma Inc. | &nbsp;&nbsp; 152500 | &nbsp;&nbsp;&nbsp; 0<br> \*<sup>(a)(b)(c)</sup><br>|
| &nbsp;&nbsp;&nbsp; Protagonist Therapeutics Inc. | &nbsp;&nbsp; 6209 | &nbsp;&nbsp;&nbsp; 654,429<br> \*<br>|
| &nbsp;&nbsp;&nbsp; PTC Therapeutics Inc. | &nbsp;&nbsp; 6785 | &nbsp;&nbsp;&nbsp; 462,262<br> \*<br>|
| &nbsp;&nbsp;&nbsp; Puma Biotechnology Inc. | &nbsp;&nbsp; 57748 | &nbsp;&nbsp;&nbsp; 369,010<br> \*<br>|
| &nbsp;&nbsp;&nbsp; Rhythm Pharmaceuticals Inc. | &nbsp;&nbsp; 4112 | &nbsp;&nbsp;&nbsp; 357,621<br> \*<br>|
| &nbsp;&nbsp;&nbsp; Rigel Pharmaceuticals Inc. | &nbsp;&nbsp; 9124 | &nbsp;&nbsp;&nbsp; 246,713<br> \*<br>|
| &nbsp;&nbsp;&nbsp; Stoke Therapeutics Inc. | &nbsp;&nbsp; 15546 | &nbsp;&nbsp;&nbsp; 506,178<br> \*<br>|
| &nbsp;&nbsp;&nbsp; TG Therapeutics Inc. | &nbsp;&nbsp; 12932 | &nbsp;&nbsp;&nbsp; 429,601<br> \*<br>|
| &nbsp;&nbsp;&nbsp; Twist Bioscience Corp. | &nbsp;&nbsp; 3495 | &nbsp;&nbsp;&nbsp; 166,082<br> \*<br>|
| &nbsp;&nbsp;&nbsp; Veracyte Inc. | &nbsp;&nbsp; 7918 | &nbsp;&nbsp;&nbsp; 255,039<br> \*<br>|
| &nbsp;&nbsp;&nbsp; Vericel Corp. | &nbsp;&nbsp; 4813 | &nbsp;&nbsp;&nbsp; 154,834<br> \*<br>|
| *Total Biotechnology* | *Total Biotechnology* | &nbsp;&nbsp; *10885383* |
| *Health Care Equipment & Supplies — 3.6%* | *Health Care Equipment & Supplies — 3.6%* | *Health Care Equipment & Supplies — 3.6%* |
| &nbsp;&nbsp;&nbsp; Axogen Inc. | &nbsp;&nbsp; 16565 | &nbsp;&nbsp;&nbsp; 548,798<br> \*<br>|
| &nbsp;&nbsp;&nbsp; Embecta Corp. | &nbsp;&nbsp; 19579 | &nbsp;&nbsp;&nbsp; 173078<br>|
| &nbsp;&nbsp;&nbsp; Glaukos Corp. | &nbsp;&nbsp; 2098 | &nbsp;&nbsp;&nbsp; 225,871<br> \*<br>|

---

See Notes to Schedule of Investments.

------

Franklin U.S. Small Cap Equity Fund 2026 Quarterly Report

------

 **Franklin U.S. Small Cap Equity Fund**

(Percentages shown based on Fund net assets)

---

| | | |
|:---|:---|:---|
| Security | Shares | Value |
| *Health Care Equipment & Supplies — continued* | *Health Care Equipment & Supplies — continued* | *Health Care Equipment & Supplies — continued* |
| &nbsp;&nbsp;&nbsp; Haemonetics Corp. | &nbsp;&nbsp; 5567 | &nbsp;&nbsp;&nbsp; $313,756<br> \*<br>|
| &nbsp;&nbsp;&nbsp; iRadimed Corp. | &nbsp;&nbsp; 6078 | &nbsp;&nbsp;&nbsp; 585068<br>|
| &nbsp;&nbsp;&nbsp; iRhythm Holdings Inc. | &nbsp;&nbsp; 4147 | &nbsp;&nbsp;&nbsp; 489,429<br> \*<br>|
| &nbsp;&nbsp;&nbsp; Lantheus Holdings Inc. | &nbsp;&nbsp; 6447 | &nbsp;&nbsp;&nbsp; 489,005<br> \*<br>|
| &nbsp;&nbsp;&nbsp; LivaNova PLC | &nbsp;&nbsp; 11790 | &nbsp;&nbsp;&nbsp; 749,372<br> \*<br>|
| &nbsp;&nbsp;&nbsp; Tactile Systems Technology Inc. | &nbsp;&nbsp; 21889 | &nbsp;&nbsp;&nbsp; 571,960<br> \*<br>|
| &nbsp;&nbsp;&nbsp; Varex Imaging Corp. | &nbsp;&nbsp; 8775 | &nbsp;&nbsp;&nbsp; 93,103<br> \*<br>|
| *Total Health Care Equipment & Supplies* | *Total Health Care Equipment & Supplies* | &nbsp;&nbsp; *4239440* |
| *Health Care Providers & Services — 2.3%* | *Health Care Providers & Services — 2.3%* | *Health Care Providers & Services — 2.3%* |
| &nbsp;&nbsp;&nbsp; AMN Healthcare Services Inc. | &nbsp;&nbsp; 36926 | &nbsp;&nbsp;&nbsp; 677,223<br> \*<br>|
| &nbsp;&nbsp;&nbsp; Coherus Oncology Inc., CVR | &nbsp;&nbsp; 43029 | &nbsp;&nbsp;&nbsp; 4,800<br> \*<sup>(a)(b)</sup><br>|
| &nbsp;&nbsp;&nbsp; Ensign Group Inc. | &nbsp;&nbsp; 5528 | &nbsp;&nbsp;&nbsp; 1113892<br>|
| &nbsp;&nbsp;&nbsp; Hims & Hers Health Inc. | &nbsp;&nbsp; 13608 | &nbsp;&nbsp;&nbsp; 282,502<br> \*<br>|
| &nbsp;&nbsp;&nbsp; Select Medical Holdings Corp. | &nbsp;&nbsp; 42907 | &nbsp;&nbsp;&nbsp; 698955<br>|
| *Total Health Care Providers & Services* | *Total Health Care Providers & Services* | &nbsp;&nbsp; *2777372* |
| *Health Care Technology — 0.1%* | *Health Care Technology — 0.1%* | *Health Care Technology — 0.1%* |
| &nbsp;&nbsp;&nbsp; LifeMD Inc. | &nbsp;&nbsp; 20419 | &nbsp;&nbsp;&nbsp; *73,713*<br> \*<br>|
| *Life Sciences Tools & Services — 0.7%* | *Life Sciences Tools & Services — 0.7%* | *Life Sciences Tools & Services — 0.7%* |
| &nbsp;&nbsp;&nbsp; 10X Genomics Inc., Class A Shares | &nbsp;&nbsp; 25385 | &nbsp;&nbsp;&nbsp; 538,924<br> \*<br>|
| &nbsp;&nbsp;&nbsp; Adaptive Biotechnologies Corp. | &nbsp;&nbsp; 25130 | &nbsp;&nbsp;&nbsp; 348,804<br> \*<br>|
| *Total Life Sciences Tools & Services* | *Total Life Sciences Tools & Services* | &nbsp;&nbsp; *887728* |
| *Pharmaceuticals — 3.2%* | *Pharmaceuticals — 3.2%* | *Pharmaceuticals — 3.2%* |
| &nbsp;&nbsp;&nbsp; Amneal Pharmaceuticals Inc. | &nbsp;&nbsp; 18658 | &nbsp;&nbsp;&nbsp; 231,919<br> \*<br>|
| &nbsp;&nbsp;&nbsp; ANI Pharmaceuticals Inc. | &nbsp;&nbsp; 1202 | &nbsp;&nbsp;&nbsp; 92,434<br> \*<br>|
| &nbsp;&nbsp;&nbsp; Assertio Holdings Inc., CVR | &nbsp;&nbsp; 62783 | &nbsp;&nbsp;&nbsp; 0<br> \*<sup>(a)(b)(c)</sup><br>|
| &nbsp;&nbsp;&nbsp; Avadel Pharmaceuticals PLC | &nbsp;&nbsp; 15064 | &nbsp;&nbsp;&nbsp; 9,641<br> \*<sup>(a)(b)</sup><br>|
| &nbsp;&nbsp;&nbsp; Collegium Pharmaceutical Inc. | &nbsp;&nbsp; 19538 | &nbsp;&nbsp;&nbsp; 646,122<br> \*<br>|
| &nbsp;&nbsp;&nbsp; Harmony Biosciences Holdings Inc. | &nbsp;&nbsp; 15617 | &nbsp;&nbsp;&nbsp; 437,432<br> \*<br>|
| &nbsp;&nbsp;&nbsp; Indivior Pharmaceuticals Inc. | &nbsp;&nbsp; 7607 | &nbsp;&nbsp;&nbsp; 231,861<br> \*<br>|
| &nbsp;&nbsp;&nbsp; Innoviva Inc. | &nbsp;&nbsp; 18515 | &nbsp;&nbsp;&nbsp; 431,400<br> \*<br>|
| &nbsp;&nbsp;&nbsp; Ligand Pharmaceuticals Inc. | &nbsp;&nbsp; 3099 | &nbsp;&nbsp;&nbsp; 618,715<br> \*<br>|
| &nbsp;&nbsp;&nbsp; SIGA Technologies Inc. | &nbsp;&nbsp; 30667 | &nbsp;&nbsp;&nbsp; 164068<br>|
| &nbsp;&nbsp;&nbsp; Supernus Pharmaceuticals Inc. | &nbsp;&nbsp; 3283 | &nbsp;&nbsp;&nbsp; 169,698<br> \*<br>|
| &nbsp;&nbsp;&nbsp; Theravance Biopharma Inc. | &nbsp;&nbsp; 47355 | &nbsp;&nbsp;&nbsp; 768,572<br> \*<br>|
| *Total Pharmaceuticals* | *Total Pharmaceuticals* | &nbsp;&nbsp; *3801862* |
| **Total Health Care** | **Total Health Care** | &nbsp;&nbsp; **22665498** |
| **Industrials — 17.4%** | **Industrials — 17.4%** | **Industrials — 17.4%** |
| *Aerospace & Defense — 2.4%* | *Aerospace & Defense — 2.4%* | *Aerospace & Defense — 2.4%* |
| &nbsp;&nbsp;&nbsp; Astronics Corp. | &nbsp;&nbsp; 10714 | &nbsp;&nbsp;&nbsp; 714,945<br> \*<br>|
| &nbsp;&nbsp;&nbsp; Kratos Defense & Security Solutions Inc. | &nbsp;&nbsp; 11142 | &nbsp;&nbsp;&nbsp; 785,623<br> \*<br>|
| &nbsp;&nbsp;&nbsp; Moog Inc., Class A Shares | &nbsp;&nbsp; 3285 | &nbsp;&nbsp;&nbsp; 961322<br>|
| &nbsp;&nbsp;&nbsp; V2X Inc. | &nbsp;&nbsp; 5937 | &nbsp;&nbsp;&nbsp; 406,685<br> \*<br>|
| *Total Aerospace & Defense* | *Total Aerospace & Defense* | &nbsp;&nbsp; *2868575* |
| *Building Products — 0.5%* | *Building Products — 0.5%* | *Building Products — 0.5%* |
| &nbsp;&nbsp;&nbsp; Modine Manufacturing Co. | &nbsp;&nbsp; 1745 | &nbsp;&nbsp;&nbsp; 378,159<br> \*<br>|
| &nbsp;&nbsp;&nbsp; Tecnoglass Inc. | &nbsp;&nbsp; 4242 | &nbsp;&nbsp;&nbsp; 188981<br>|
| *Total Building Products* | *Total Building Products* | &nbsp;&nbsp; *567140* |

---

See Notes to Schedule of Investments.

------

Franklin U.S. Small Cap Equity Fund 2026 Quarterly Report

------

Schedule of Investments (unaudited) (cont'd)

March 31, 2026

 **Franklin U.S. Small Cap Equity Fund**

(Percentages shown based on Fund net assets)

---

| | | |
|:---|:---|:---|
| Security | Shares | Value |
| *Commercial Services & Supplies — 0.8%* | *Commercial Services & Supplies — 0.8%* | *Commercial Services & Supplies — 0.8%* |
| &nbsp;&nbsp;&nbsp; Cimpress PLC | &nbsp;&nbsp; 3228 | &nbsp;&nbsp;&nbsp; $235,644<br> \*<br>|
| &nbsp;&nbsp;&nbsp; Deluxe Corp. | &nbsp;&nbsp; 12270 | &nbsp;&nbsp;&nbsp; 337916<br>|
| &nbsp;&nbsp;&nbsp; Interface Inc. | &nbsp;&nbsp; 16281 | &nbsp;&nbsp;&nbsp; 405722<br>|
| *Total Commercial Services & Supplies* | *Total Commercial Services & Supplies* | &nbsp;&nbsp; *979282* |
| *Construction & Engineering — 2.7%* | *Construction & Engineering — 2.7%* | *Construction & Engineering — 2.7%* |
| &nbsp;&nbsp;&nbsp; Argan Inc. | &nbsp;&nbsp; 2157 | &nbsp;&nbsp;&nbsp; 1174810<br>|
| &nbsp;&nbsp;&nbsp; Primoris Services Corp. | &nbsp;&nbsp; 7130 | &nbsp;&nbsp;&nbsp; 1019875<br>|
| &nbsp;&nbsp;&nbsp; Tutor Perini Corp. | &nbsp;&nbsp; 13439 | &nbsp;&nbsp;&nbsp; 1037357<br>|
| *Total Construction & Engineering* | *Total Construction & Engineering* | &nbsp;&nbsp; *3232042* |
| *Electrical Equipment — 5.8%* | *Electrical Equipment — 5.8%* | *Electrical Equipment — 5.8%* |
| &nbsp;&nbsp;&nbsp; Allient Inc. | &nbsp;&nbsp; 2086 | &nbsp;&nbsp;&nbsp; 123262<br>|
| &nbsp;&nbsp;&nbsp; Atkore Inc. | &nbsp;&nbsp; 8007 | &nbsp;&nbsp;&nbsp; 471692<br>|
| &nbsp;&nbsp;&nbsp; Bloom Energy Corp., Class A Shares | &nbsp;&nbsp; 13750 | &nbsp;&nbsp;&nbsp; 1,862,988<br> \*<br>|
| &nbsp;&nbsp;&nbsp; EnerSys | &nbsp;&nbsp; 4970 | &nbsp;&nbsp;&nbsp; 863389<br>|
| &nbsp;&nbsp;&nbsp; Nextpower Inc., Class A Shares | &nbsp;&nbsp; 13046 | &nbsp;&nbsp;&nbsp; 1,572,695<br> \*<br>|
| &nbsp;&nbsp;&nbsp; Powell Industries Inc. | &nbsp;&nbsp; 2200 | &nbsp;&nbsp;&nbsp; 1190376<br>|
| &nbsp;&nbsp;&nbsp; Power Solutions International Inc. | &nbsp;&nbsp; 6147 | &nbsp;&nbsp;&nbsp; 374,229<br> \*<br>|
| &nbsp;&nbsp;&nbsp; Shoals Technologies Group Inc., Class A Shares | &nbsp;&nbsp; 56867 | &nbsp;&nbsp;&nbsp; 374,185<br> \*<br>|
| &nbsp;&nbsp;&nbsp; Vicor Corp. | &nbsp;&nbsp; 663 | &nbsp;&nbsp;&nbsp; 106,743<br> \*<br>|
| *Total Electrical Equipment* | *Total Electrical Equipment* | &nbsp;&nbsp; *6939559* |
| *Machinery — 1.4%* | *Machinery — 1.4%* | *Machinery — 1.4%* |
| &nbsp;&nbsp;&nbsp; Blue Bird Corp. | &nbsp;&nbsp; 10625 | &nbsp;&nbsp;&nbsp; 603,394<br> \*<br>|
| &nbsp;&nbsp;&nbsp; Terex Corp. | &nbsp;&nbsp; 8982 | &nbsp;&nbsp;&nbsp; 530836<br>|
| &nbsp;&nbsp;&nbsp; Watts Water Technologies Inc., Class A Shares | &nbsp;&nbsp; 1662 | &nbsp;&nbsp;&nbsp; 482462<br>|
| *Total Machinery* | *Total Machinery* | &nbsp;&nbsp; *1616692* |
| *Marine Transportation — 0.6%* | *Marine Transportation — 0.6%* | *Marine Transportation — 0.6%* |
| &nbsp;&nbsp;&nbsp; Costamare Inc. | &nbsp;&nbsp; 40662 | &nbsp;&nbsp;&nbsp; *687188*<br>|
| *Passenger Airlines — 1.7%* | *Passenger Airlines — 1.7%* | *Passenger Airlines — 1.7%* |
| &nbsp;&nbsp;&nbsp; Allegiant Travel Co. | &nbsp;&nbsp; 7947 | &nbsp;&nbsp;&nbsp; 644,025<br> \*<br>|
| &nbsp;&nbsp;&nbsp; SkyWest Inc. | &nbsp;&nbsp; 8518 | &nbsp;&nbsp;&nbsp; 782,208<br> \*<br>|
| &nbsp;&nbsp;&nbsp; Sun Country Airlines Holdings Inc. | &nbsp;&nbsp; 39403 | &nbsp;&nbsp;&nbsp; 650,937<br> \*<br>|
| *Total Passenger Airlines* | *Total Passenger Airlines* | &nbsp;&nbsp; *2077170* |
| *Professional Services — 1.0%* | *Professional Services — 1.0%* | *Professional Services — 1.0%* |
| &nbsp;&nbsp;&nbsp; IBEX Holdings Ltd. | &nbsp;&nbsp; 15837 | &nbsp;&nbsp;&nbsp; 424,748<br> \*<br>|
| &nbsp;&nbsp;&nbsp; Legalzoom.com Inc. | &nbsp;&nbsp; 58350 | &nbsp;&nbsp;&nbsp; 330,844<br> \*<br>|
| &nbsp;&nbsp;&nbsp; Upwork Inc. | &nbsp;&nbsp; 35284 | &nbsp;&nbsp;&nbsp; 386,713<br> \*<br>|
| *Total Professional Services* | *Total Professional Services* | &nbsp;&nbsp; *1142305* |
| *Trading Companies & Distributors — 0.5%* | *Trading Companies & Distributors — 0.5%* | *Trading Companies & Distributors — 0.5%* |
| &nbsp;&nbsp;&nbsp; Titan Machinery Inc. | &nbsp;&nbsp; 38460 | &nbsp;&nbsp;&nbsp; *643,051*<br> \*<br>|
| **Total Industrials** | **Total Industrials** | &nbsp;&nbsp; **20753004** |
| **Information Technology — 13.7%** | **Information Technology — 13.7%** | **Information Technology — 13.7%** |
| *Communications Equipment — 0.6%* | *Communications Equipment — 0.6%* | *Communications Equipment — 0.6%* |
| &nbsp;&nbsp;&nbsp; Extreme Networks Inc. | &nbsp;&nbsp; 18642 | &nbsp;&nbsp;&nbsp; 281,121<br> \*<br>|
| &nbsp;&nbsp;&nbsp; NETGEAR Inc. | &nbsp;&nbsp; 18144 | &nbsp;&nbsp;&nbsp; 396,265<br> \*<br>|
| *Total Communications Equipment* | *Total Communications Equipment* | &nbsp;&nbsp; *677386* |
| *Electronic Equipment, Instruments & Components — 3.5%* | *Electronic Equipment, Instruments & Components — 3.5%* | *Electronic Equipment, Instruments & Components — 3.5%* |
| &nbsp;&nbsp;&nbsp; Bel Fuse Inc., Class B Shares | &nbsp;&nbsp; 4052 | &nbsp;&nbsp;&nbsp; 802215<br>|

---

See Notes to Schedule of Investments.

------

Franklin U.S. Small Cap Equity Fund 2026 Quarterly Report

------

 **Franklin U.S. Small Cap Equity Fund**

(Percentages shown based on Fund net assets)

---

| | | |
|:---|:---|:---|
| Security | Shares | Value |
| *Electronic Equipment, Instruments & Components — continued* | *Electronic Equipment, Instruments & Components — continued* | *Electronic Equipment, Instruments & Components — continued* |
| &nbsp;&nbsp;&nbsp; Benchmark Electronics Inc. | &nbsp;&nbsp; 7634 | &nbsp;&nbsp;&nbsp; $427962<br>|
| &nbsp;&nbsp;&nbsp; Fabrinet | &nbsp;&nbsp; 2003 | &nbsp;&nbsp;&nbsp; 1,044,605<br> \*<br>|
| &nbsp;&nbsp;&nbsp; Kimball Electronics Inc. | &nbsp;&nbsp; 19609 | &nbsp;&nbsp;&nbsp; 464,537<br> \*<br>|
| &nbsp;&nbsp;&nbsp; Sanmina Corp. | &nbsp;&nbsp; 5559 | &nbsp;&nbsp;&nbsp; 720,669<br> \*<br>|
| &nbsp;&nbsp;&nbsp; ScanSource Inc. | &nbsp;&nbsp; 8923 | &nbsp;&nbsp;&nbsp; 323,905<br> \*<br>|
| &nbsp;&nbsp;&nbsp; TTM Technologies Inc. | &nbsp;&nbsp; 4391 | &nbsp;&nbsp;&nbsp; 427,771<br> \*<br>|
| *Total Electronic Equipment, Instruments & Components* | *Total Electronic Equipment, Instruments & Components* | &nbsp;&nbsp; *4211664* |
| *IT Services — 0.6%* | *IT Services — 0.6%* | *IT Services — 0.6%* |
| &nbsp;&nbsp;&nbsp; DigitalOcean Holdings Inc. | &nbsp;&nbsp; 8457 | &nbsp;&nbsp;&nbsp; *725,441*<br> \*<br>|
| *Semiconductors & Semiconductor Equipment — 3.3%* | *Semiconductors & Semiconductor Equipment — 3.3%* | *Semiconductors & Semiconductor Equipment — 3.3%* |
| &nbsp;&nbsp;&nbsp; Axcelis Technologies Inc. | &nbsp;&nbsp; 3602 | &nbsp;&nbsp;&nbsp; 335,274<br> \*<br>|
| &nbsp;&nbsp;&nbsp; Credo Technology Group Holding Ltd. | &nbsp;&nbsp; 11593 | &nbsp;&nbsp;&nbsp; 1,088,235<br> \*<br>|
| &nbsp;&nbsp;&nbsp; Photronics Inc. | &nbsp;&nbsp; 18532 | &nbsp;&nbsp;&nbsp; 748,878<br> \*<br>|
| &nbsp;&nbsp;&nbsp; Rambus Inc. | &nbsp;&nbsp; 11289 | &nbsp;&nbsp;&nbsp; 971,193<br> \*<br>|
| &nbsp;&nbsp;&nbsp; SkyWater Technology Inc. | &nbsp;&nbsp; 28183 | &nbsp;&nbsp;&nbsp; 772,496<br> \*<br>|
| *Total Semiconductors & Semiconductor Equipment* | *Total Semiconductors & Semiconductor Equipment* | &nbsp;&nbsp; *3916076* |
| *Software — 4.7%* | *Software — 4.7%* | *Software — 4.7%* |
| &nbsp;&nbsp;&nbsp; 8x8 Inc. | &nbsp;&nbsp; 110113 | &nbsp;&nbsp;&nbsp; 182,788<br> \*<br>|
| &nbsp;&nbsp;&nbsp; A10 Networks Inc. | &nbsp;&nbsp; 24746 | &nbsp;&nbsp;&nbsp; 572127<br>|
| &nbsp;&nbsp;&nbsp; ACI Worldwide Inc. | &nbsp;&nbsp; 11806 | &nbsp;&nbsp;&nbsp; 484,164<br> \*<br>|
| &nbsp;&nbsp;&nbsp; Adeia Inc. | &nbsp;&nbsp; 19691 | &nbsp;&nbsp;&nbsp; 473175<br>|
| &nbsp;&nbsp;&nbsp; Appian Corp., Class A Shares | &nbsp;&nbsp; 7841 | &nbsp;&nbsp;&nbsp; 189,046<br> \*<br>|
| &nbsp;&nbsp;&nbsp; Asana Inc., Class A Shares | &nbsp;&nbsp; 10585 | &nbsp;&nbsp;&nbsp; 67,744<br> \*<br>|
| &nbsp;&nbsp;&nbsp; Box Inc., Class A Shares | &nbsp;&nbsp; 11529 | &nbsp;&nbsp;&nbsp; 272,545<br> \*<br>|
| &nbsp;&nbsp;&nbsp; Commvault Systems Inc. | &nbsp;&nbsp; 5492 | &nbsp;&nbsp;&nbsp; 427,772<br> \*<br>|
| &nbsp;&nbsp;&nbsp; InterDigital Inc. | &nbsp;&nbsp; 3422 | &nbsp;&nbsp;&nbsp; 1033444<br>|
| &nbsp;&nbsp;&nbsp; LiveRamp Holdings Inc. | &nbsp;&nbsp; 8417 | &nbsp;&nbsp;&nbsp; 223,219<br> \*<br>|
| &nbsp;&nbsp;&nbsp; Porch Group Inc. | &nbsp;&nbsp; 32598 | &nbsp;&nbsp;&nbsp; 233,728<br> \*<br>|
| &nbsp;&nbsp;&nbsp; Progress Software Corp. | &nbsp;&nbsp; 5372 | &nbsp;&nbsp;&nbsp; 137,792<br> \*<br>|
| &nbsp;&nbsp;&nbsp; Q2 Holdings Inc. | &nbsp;&nbsp; 5348 | &nbsp;&nbsp;&nbsp; 252,960<br> \*<br>|
| &nbsp;&nbsp;&nbsp; Qualys Inc. | &nbsp;&nbsp; 5181 | &nbsp;&nbsp;&nbsp; 455,151<br> \*<br>|
| &nbsp;&nbsp;&nbsp; Yext Inc. | &nbsp;&nbsp; 26688 | &nbsp;&nbsp;&nbsp; 102,482<br> \*<br>|
| &nbsp;&nbsp;&nbsp; Zeta Global Holdings Corp., Class A Shares | &nbsp;&nbsp; 28700 | &nbsp;&nbsp;&nbsp; 456,904<br> \*<br>|
| *Total Software* | *Total Software* | &nbsp;&nbsp; *5565041* |
| *Technology Hardware, Storage & Peripherals — 1.0%* | *Technology Hardware, Storage & Peripherals — 1.0%* | *Technology Hardware, Storage & Peripherals — 1.0%* |
| &nbsp;&nbsp;&nbsp; Corsair Gaming Inc. | &nbsp;&nbsp; 28869 | &nbsp;&nbsp;&nbsp; 160,223<br> \*<br>|
| &nbsp;&nbsp;&nbsp; Diebold Nixdorf Inc. | &nbsp;&nbsp; 6578 | &nbsp;&nbsp;&nbsp; 496,244<br> \*<br>|
| &nbsp;&nbsp;&nbsp; Eastman Kodak Co. | &nbsp;&nbsp; 41158 | &nbsp;&nbsp;&nbsp; 372,480<br> \*<br>|
| &nbsp;&nbsp;&nbsp; Turtle Beach Corp. | &nbsp;&nbsp; 14033 | &nbsp;&nbsp;&nbsp; 142,295<br> \*<br>|
| *Total Technology Hardware, Storage & Peripherals* | *Total Technology Hardware, Storage & Peripherals* | &nbsp;&nbsp; *1171242* |
| **Total Information Technology** | **Total Information Technology** | &nbsp;&nbsp; **16266850** |
| **Materials — 4.2%** | **Materials — 4.2%** | **Materials — 4.2%** |
| *Chemicals — 0.3%* | *Chemicals — 0.3%* | *Chemicals — 0.3%* |
| &nbsp;&nbsp;&nbsp; Cabot Corp. | &nbsp;&nbsp; 4713 | &nbsp;&nbsp;&nbsp; *354936*<br>|
| *Metals & Mining — 3.7%* | *Metals & Mining — 3.7%* | *Metals & Mining — 3.7%* |
| &nbsp;&nbsp;&nbsp; Century Aluminum Co. | &nbsp;&nbsp; 9721 | &nbsp;&nbsp;&nbsp; 570,525<br> \*<br>|
| &nbsp;&nbsp;&nbsp; Commercial Metals Co. | &nbsp;&nbsp; 7971 | &nbsp;&nbsp;&nbsp; 489659<br>|

---

See Notes to Schedule of Investments.

------

Franklin U.S. Small Cap Equity Fund 2026 Quarterly Report

------

Schedule of Investments (unaudited) (cont'd)

March 31, 2026

 **Franklin U.S. Small Cap Equity Fund**

(Percentages shown based on Fund net assets)

---

| | | |
|:---|:---|:---|
| Security | Shares | Value |
| *Metals & Mining — continued* | *Metals & Mining — continued* | *Metals & Mining — continued* |
| &nbsp;&nbsp;&nbsp; Constellium SE | &nbsp;&nbsp; 31659 | &nbsp;&nbsp;&nbsp; $778,178<br> \*<br>|
| &nbsp;&nbsp;&nbsp; Hecla Mining Co. | &nbsp;&nbsp; 45736 | &nbsp;&nbsp;&nbsp; 852062<br>|
| &nbsp;&nbsp;&nbsp; Kaiser Aluminum Corp. | &nbsp;&nbsp; 3332 | &nbsp;&nbsp;&nbsp; 401539<br>|
| &nbsp;&nbsp;&nbsp; SSR Mining Inc. | &nbsp;&nbsp; 43905 | &nbsp;&nbsp;&nbsp; 1,290,807<br> \*<br>|
| *Total Metals & Mining* | *Total Metals & Mining* | &nbsp;&nbsp; *4382770* |
| *Paper & Forest Products — 0.2%* | *Paper & Forest Products — 0.2%* | *Paper & Forest Products — 0.2%* |
| &nbsp;&nbsp;&nbsp; Sylvamo Corp. | &nbsp;&nbsp; 5219 | &nbsp;&nbsp;&nbsp; *220451*<br>|
| **Total Materials** | **Total Materials** | &nbsp;&nbsp; **4958157** |
| **Real Estate — 3.6%** | **Real Estate — 3.6%** | **Real Estate — 3.6%** |
| *Diversified REITs — 0.2%* | *Diversified REITs — 0.2%* | *Diversified REITs — 0.2%* |
| &nbsp;&nbsp;&nbsp; American Assets Trust Inc. | &nbsp;&nbsp; 10195 | &nbsp;&nbsp;&nbsp; *187690*<br>|
| *Health Care REITs — 0.8%* | *Health Care REITs — 0.8%* | *Health Care REITs — 0.8%* |
| &nbsp;&nbsp;&nbsp; National Health Investors Inc. | &nbsp;&nbsp; 5331 | &nbsp;&nbsp;&nbsp; 431065<br>|
| &nbsp;&nbsp;&nbsp; Sabra Health Care REIT Inc. | &nbsp;&nbsp; 27609 | &nbsp;&nbsp;&nbsp; 530921<br>|
| *Total Health Care REITs* | *Total Health Care REITs* | &nbsp;&nbsp; *961986* |
| *Hotel & Resort REITs — 0.3%* | *Hotel & Resort REITs — 0.3%* | *Hotel & Resort REITs — 0.3%* |
| &nbsp;&nbsp;&nbsp; Pebblebrook Hotel Trust | &nbsp;&nbsp; 11589 | &nbsp;&nbsp;&nbsp; 146369<br>|
| &nbsp;&nbsp;&nbsp; Summit Hotel Properties Inc. | &nbsp;&nbsp; 38339 | &nbsp;&nbsp;&nbsp; 169459<br>|
| *Total Hotel & Resort REITs* | *Total Hotel & Resort REITs* | &nbsp;&nbsp; *315828* |
| *Industrial REITs — 0.5%* | *Industrial REITs — 0.5%* | *Industrial REITs — 0.5%* |
| &nbsp;&nbsp;&nbsp; Innovative Industrial Properties Inc. | &nbsp;&nbsp; 12109 | &nbsp;&nbsp;&nbsp; *607387*<br>|
| *Office REITs — 0.4%* | *Office REITs — 0.4%* | *Office REITs — 0.4%* |
| &nbsp;&nbsp;&nbsp; JBG SMITH Properties | &nbsp;&nbsp; 20175 | &nbsp;&nbsp;&nbsp; 294757<br>|
| &nbsp;&nbsp;&nbsp; Piedmont Realty Trust Inc. | &nbsp;&nbsp; 15824 | &nbsp;&nbsp;&nbsp; 103,964<br> \*<br>|
| &nbsp;&nbsp;&nbsp; SL Green Realty Corp. | &nbsp;&nbsp; 2407 | &nbsp;&nbsp;&nbsp; 88914<br>|
| *Total Office REITs* | *Total Office REITs* | &nbsp;&nbsp; *487635* |
| *Real Estate Management & Development — 0.4%* | *Real Estate Management & Development — 0.4%* | *Real Estate Management & Development — 0.4%* |
| &nbsp;&nbsp;&nbsp; Forestar Group Inc. | &nbsp;&nbsp; 7412 | &nbsp;&nbsp;&nbsp; 181,149<br> \*<br>|
| &nbsp;&nbsp;&nbsp; Newmark Group Inc., Class A Shares | &nbsp;&nbsp; 18639 | &nbsp;&nbsp;&nbsp; 279399<br>|
| *Total Real Estate Management & Development* | *Total Real Estate Management & Development* | &nbsp;&nbsp; *460548* |
| *Retail REITs — 0.6%* | *Retail REITs — 0.6%* | *Retail REITs — 0.6%* |
| &nbsp;&nbsp;&nbsp; Kite Realty Group Trust | &nbsp;&nbsp; 9860 | &nbsp;&nbsp;&nbsp; 242063<br>|
| &nbsp;&nbsp;&nbsp; SITE Centers Corp. | &nbsp;&nbsp; 24003 | &nbsp;&nbsp;&nbsp; 129616<br>|
| &nbsp;&nbsp;&nbsp; Tanger Inc. | &nbsp;&nbsp; 11501 | &nbsp;&nbsp;&nbsp; 390804<br>|
| *Total Retail REITs* | *Total Retail REITs* | &nbsp;&nbsp; *762483* |
| *Specialized REITs — 0.4%* | *Specialized REITs — 0.4%* | *Specialized REITs — 0.4%* |
| &nbsp;&nbsp;&nbsp; Farmland Partners Inc. | &nbsp;&nbsp; 43849 | &nbsp;&nbsp;&nbsp; *492424*<br>|
| **Total Real Estate** | **Total Real Estate** | &nbsp;&nbsp; **4275981** |
| **Utilities — 1.7%** | **Utilities — 1.7%** | **Utilities — 1.7%** |
| *Electric Utilities — 0.5%* | *Electric Utilities — 0.5%* | *Electric Utilities — 0.5%* |
| &nbsp;&nbsp;&nbsp; Genie Energy Ltd., Class B Shares | &nbsp;&nbsp; 7346 | &nbsp;&nbsp;&nbsp; 103873<br>|
| &nbsp;&nbsp;&nbsp; Otter Tail Corp. | &nbsp;&nbsp; 5247 | &nbsp;&nbsp;&nbsp; 460529<br>|
| *Total Electric Utilities* | *Total Electric Utilities* | &nbsp;&nbsp; *564402* |
| *Gas Utilities — 0.7%* | *Gas Utilities — 0.7%* | *Gas Utilities — 0.7%* |
| &nbsp;&nbsp;&nbsp; Southwest Gas Holdings Inc. | &nbsp;&nbsp; 5216 | &nbsp;&nbsp;&nbsp; 453270<br>|
| &nbsp;&nbsp;&nbsp; Spire Inc. | &nbsp;&nbsp; 4288 | &nbsp;&nbsp;&nbsp; 388236<br>|
| *Total Gas Utilities* | *Total Gas Utilities* | &nbsp;&nbsp; *841506* |

---

See Notes to Schedule of Investments.

------

Franklin U.S. Small Cap Equity Fund 2026 Quarterly Report

------

 **Franklin U.S. Small Cap Equity Fund**

(Percentages shown based on Fund net assets)

---

| | | | |
|:---|:---|:---|:---|
| Security |  | Shares | Value |
| *Independent Power and Renewable Electricity Producers — 0.1%* | *Independent Power and Renewable Electricity Producers — 0.1%* | *Independent Power and Renewable Electricity Producers — 0.1%* | *Independent Power and Renewable Electricity Producers — 0.1%* |
| &nbsp;&nbsp;&nbsp; Ormat Technologies Inc. | &nbsp;&nbsp;&nbsp; Ormat Technologies Inc. | &nbsp;&nbsp; 1289 | &nbsp;&nbsp;&nbsp; $*144265*<br>|
| *Water Utilities — 0.4%* | *Water Utilities — 0.4%* | *Water Utilities — 0.4%* | *Water Utilities — 0.4%* |
| &nbsp;&nbsp;&nbsp; Consolidated Water Co. Ltd. | &nbsp;&nbsp;&nbsp; Consolidated Water Co. Ltd. | &nbsp;&nbsp; 15155 | &nbsp;&nbsp;&nbsp; *501933*<br>|
| **Total Utilities** | **Total Utilities** | **Total Utilities** | &nbsp;&nbsp; **2052106** |
| **Total Investments before Short-Term Investments (Cost — $96,964,761)** | **Total Investments before Short-Term Investments (Cost — $96,964,761)** | **Total Investments before Short-Term Investments (Cost — $96,964,761)** | &nbsp;&nbsp; **117609722** |
|  | Rate |  |  |
| **Short-Term Investments — 1.1%** | **Short-Term Investments — 1.1%** | **Short-Term Investments — 1.1%** | **Short-Term Investments — 1.1%** |
| &nbsp;&nbsp;&nbsp; Invesco Treasury Portfolio, Institutional Class (Cost — $1,345,996)  | &nbsp;&nbsp; 3.562% | &nbsp;&nbsp; 1345996<br>| &nbsp;&nbsp;&nbsp;&nbsp; **1345996**<br> <sup>(d)</sup><br>|
| **Total Investments — 100.0% (Cost — $98,310,757)** | **Total Investments — 100.0% (Cost — $98,310,757)** | **Total Investments — 100.0% (Cost — $98,310,757)** | &nbsp;&nbsp; **118955718** |
| &nbsp;&nbsp;&nbsp; Other Assets in Excess of Liabilities — 0.0%†† | &nbsp;&nbsp;&nbsp; Other Assets in Excess of Liabilities — 0.0%†† | &nbsp;&nbsp;&nbsp; Other Assets in Excess of Liabilities — 0.0%†† | &nbsp;&nbsp;&nbsp; 13159 |
| **Total Net Assets — 100.0%** | **Total Net Assets — 100.0%** | **Total Net Assets — 100.0%** | &nbsp;&nbsp; **$118968877** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | |
|:---|:---|
| †† | Represents less than 0.1%. |
| \* | Non-income producing security. |
| <sup>(a)</sup> | Security is fair valued in accordance with procedures approved by the Board of Trustees (Note 1). |
| <sup>(b)</sup> | Security is valued using significant unobservable inputs (Note 1). |
| <sup>(c)</sup> | Value is less than $1. |
| <sup>(d)</sup> | Rate shown is one-day yield as of the end of the reporting period.  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| **Abbreviation(s) used in this schedule:** | **Abbreviation(s) used in this schedule:** | **Abbreviation(s) used in this schedule:** |
| CVR |  | Contingent Value Rights |
| REIT |  | Real Estate Investment Trust |

---

This Schedule of Investments is unaudited and is intended to provide information about the Fund's investments as of the date of the schedule. Other information regarding the Fund is available in the Fund's most recent annual or semi-annual shareholder report.

See Notes to Schedule of Investments.

------

Franklin U.S. Small Cap Equity Fund 2026 Quarterly Report

------

Notes to Schedule of Investments (unaudited)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**1. Organization and significant accounting policies** 

Franklin U.S. Small Cap Equity Fund (the "Fund") is a separate diversified investment series of Legg Mason Global Asset Management Trust (the "Trust"). The Trust, a Maryland statutory trust, is registered under the Investment Company Act of 1940, as amended (the "1940 Act"), as an open-end management investment company.

The Fund follows the accounting and reporting guidance in Financial Accounting Standards Board ("FASB") Accounting Standards Codification Topic 946, *Financial Services – Investment Companies* ("ASC 946"). The following are significant accounting policies consistently followed by the Fund and are in conformity with U.S. generally accepted accounting principles ("GAAP"), including, but not limited to, ASC 946.

**(a) Investment valuation.** Equity securities for which market quotations are available are valued at the last reported sales price or official closing price on the primary market or exchange on which they trade. The valuations for fixed income securities (which may include, but are not limited to, corporate, government, municipal, mortgage-backed, collateralized mortgage obligations and asset-backed securities) and certain derivative instruments are typically the prices supplied by independent third party pricing services, which may use market prices or broker/dealer quotations or a variety of valuation techniques and methodologies. The independent third party pricing services typically use inputs that are observable such as issuer details, interest rates, yield curves, prepayment speeds, credit risks/spreads, default rates and quoted prices for similar securities. Investments in open-end funds are valued at the closing net asset value per share of each fund on the day of valuation. Futures contracts are valued daily at the settlement price established by the board of trade or exchange on which they are traded. When the Fund holds securities or other assets that are denominated in a foreign currency, the Fund will normally use the currency exchange rates as of 4:00 p.m. (Eastern Time). If independent third party pricing services are unable to supply prices for a portfolio investment, or if the prices supplied are deemed by the manager to be unreliable, the market price may be determined by the manager using quotations from one or more broker/dealers or at the transaction price if the security has recently been purchased and no value has yet been obtained from a pricing service or pricing broker. When reliable prices are not readily available, such as when the value of a security has been significantly affected by events after the close of the exchange or market on which the security is principally traded, but before the Fund calculates its net asset value, the Fund values these securities as determined in accordance with procedures approved by the Fund's Board of Trustees (the "Board").

Pursuant to policies adopted by the Board, the Fund's manager has been designated as the valuation designee and is responsible for the oversight of the daily valuation process. The Fund's manager is assisted by the Global Fund Valuation Committee (the "Valuation Committee"). The Valuation Committee is responsible for making fair value determinations, evaluating the effectiveness of the Fund's pricing policies, and reporting to the Fund's manager and the Board. When determining the reliability of third party pricing information for investments owned by the Fund, the Valuation Committee, among other things, conducts due diligence reviews of pricing vendors, monitors the daily change in prices and reviews transactions among market participants.

The Valuation Committee will consider pricing methodologies it deems relevant and appropriate when making fair value determinations. Examples of possible methodologies include, but are not limited to, multiple of earnings; discount from market of a similar freely traded security; discounted cash-flow analysis; book value or a multiple thereof; risk premium/yield analysis; yield to maturity; and/or fundamental investment analysis. The Valuation Committee will also consider factors it deems relevant and appropriate in light of the facts and circumstances. Examples of possible factors include, but are not limited to, the type of security; the issuer's financial statements; the purchase price of the security; the discount from market value of unrestricted securities of the same class at the time of purchase; analysts' research and observations from financial institutions; information regarding any transactions or offers with respect to the security; the existence of merger proposals or tender offers affecting the security; the price and extent of public trading in similar securities of the issuer or comparable companies; and the existence of a shelf registration for restricted securities.

For each portfolio security that has been fair valued pursuant to the policies adopted by the Board, the fair value price is compared against the last available and next available market quotations. The Valuation Committee reviews the results of such back testing monthly and fair valuation occurrences are reported to the Board quarterly.

The Fund uses valuation techniques to measure fair value that are consistent with the market approach and/or income approach, depending on the type of security and the particular circumstance. The market approach uses prices and other relevant information generated by market transactions involving identical or comparable securities. The income approach uses valuation techniques to discount estimated future cash flows to present value.

------

Franklin U.S. Small Cap Equity Fund 2026 Quarterly Report

------

GAAP establishes a disclosure hierarchy that categorizes the inputs to valuation techniques used to value assets and liabilities at measurement date. These inputs are summarized in the three broad levels listed below:

• Level 1 — unadjusted quoted prices in active markets for identical investments

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

• Level 3 — significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments)

The inputs or methodologies used to value securities are not necessarily an indication of the risk associated with investing in those securities.

The following is a summary of the inputs used in valuing the Fund's assets carried at fair value: <br>

---

| | | | | |
|:---|:---|:---|:---|:---|
| **ASSETS** | **ASSETS** | **ASSETS** | **ASSETS** | **ASSETS** |
| Description | &nbsp;&nbsp; Quoted Prices <br>(Level 1)<br>| &nbsp;&nbsp; Other Significant <br>Observable Inputs <br>(Level 2)<br>| &nbsp;&nbsp; Significant <br>Unobservable <br>Inputs <br>(Level 3)<br>| Total |
| Long-Term Investments†: |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Common Stocks: |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Health Care | &nbsp;&nbsp; $22649493 | &nbsp;&nbsp; — | &nbsp;&nbsp; $16005 | &nbsp;&nbsp; $22665498 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Common Stocks | &nbsp;&nbsp; 94944224 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 94944224 |
| Total Long-Term Investments | &nbsp;&nbsp; 117593717 | &nbsp;&nbsp; — | &nbsp;&nbsp; 16005 | &nbsp;&nbsp; 117609722 |
| Short-Term Investments† | &nbsp;&nbsp; 1345996 | &nbsp;&nbsp; — | &nbsp;&nbsp; — | &nbsp;&nbsp; 1345996 |
| **Total Investments** | &nbsp;&nbsp; **$118939713** | &nbsp;&nbsp; **—** | &nbsp;&nbsp; **$16005** | &nbsp;&nbsp; **$118955718** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

† See Schedule of Investments for additional detailed categorizations.

------

Franklin U.S. Small Cap Equity Fund 2026 Quarterly Report

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Legg Mason Global Asset Management Trust

- **b. Investment Company Act file number:** 811-22338

- **c. CIK number of Registrant:** 0001474103

- **d. LEI of Registrant:** 549300BI5I8NVF50DG69

- **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:** 1-800-691-6960

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

- **a. Name of Series:** Franklin U.S. Small Cap Equity Fund

- **b. EDGAR series identifier (if any):** S000036895

- **c. LEI of Series:** 549300T66MRU4LGXY771

**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:** $119078647.16

**Total Liabilities:** $152507.09

**Net Assets:** $118926140.07

**Cash Not Reported:** $9887.12

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000112923 | 4.60%                | 0.19%                | -3.81%               |
| Class ID C000112928 | 4.67%                | 0.18%                | -3.78%               |
| Class ID C000112924 | 4.53%                | 0.15%                | -3.87%               |
| Class ID C000112929 | 4.67%                | 0.13%                | -3.75%               |
| Class ID C000112925 | 4.68%                | 0.14%                | -3.85%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $9642558.24              | $-3358004.07                               |
| Month 2  | $-74333.39               | $220225.56                                 |
| Month 3  | $497415.46               | $-5103286.03                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| PEBBLEBROOK HOTEL TRUST                       | PEBBLEBROOK HOTEL TRUST                                                | CUSIP: 70509V100<br>LEI: 5493004Q1NNH6JXCSI52 | Long             | EC               | CORP              | US        |     11589 | NS      | $146369.07    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Ensign Group Inc                              | Ensign Group Inc COM                                                   | CUSIP: 29358P101<br>LEI: 5493003K4HEEA8Q0BC72 | Long             | EC               | CORP              | US        |      5528 | NS      | $1113892.00   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| BioCryst Pharmaceuticals Inc.                 | BioCryst Pharmaceuticals Inc. COM                                      | CUSIP: 09058V103<br>LEI: 549300Z0INP1Z5NP6J59 | Long             | EC               | CORP              | US        |     37415 | NS      | $356190.80    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Univest Financial Corp.                       | Univest Financial Corp. COM                                            | CUSIP: 915271100<br>LEI: 4WII2HCR8UEWNU03U507 | Long             | EC               | CORP              | US        |      9469 | NS      | $324407.94    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Contra Surface Oncolog                        | Contra Surface Oncolog                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     43029 | NS      | $4800.32      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| United Community Banks Inc.(South Carolina)   | United Community Banks Inc.(South Carolina) COM                        | CUSIP: 90984P303<br>LEI: 549300GVW0FV66X3U703 | Long             | EC               | CORP              | US        |      6611 | NS      | $208180.39    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Hovnanian Enterprises, Inc.                   | Hovnanian Enterprises, Inc. CL A NEW                                   | CUSIP: 442487401<br>LEI: 549300805N4EF0ROBT53 | Long             | EC               | CORP              | US        |      6220 | NS      | $689860.20    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| SSR Mining Inc                                | SSR Mining Inc COM                                                     | CUSIP: 784730103<br>LEI: 549300JD2KR7AB9DYJ38 | Long             | EC               | CORP              | CA        |     43905 | NS      | $1290807.00   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| LegalZoom.Com Inc.                            | LegalZoom.Com Inc. COM                                                 | CUSIP: 52466B103<br>LEI: 5493000L8EBF74Y9JZ48 | Long             | EC               | CORP              | US        |     58350 | NS      | $330844.50    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| AMALGAMATED FINANCIAL CORP                    | Amalgamated Financial Corp. COM                                        | CUSIP: 022671101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7970 | NS      | $309793.90    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Innoviva Inc                                  | Innoviva Inc COM                                                       | CUSIP: 45781M101<br>LEI: 549300ACOX4QTBES6535 | Long             | EC               | CORP              | US        |     18515 | NS      | $431399.50    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Short-Term Invts T                            | Short-Term Invts T INVSC TREAS INST                                    | CUSIP: 825252406<br>LEI: 549300UJV6OHYATSFU27 | Long             | STIV             | RF                | US        |   1336109 | NS      | $1336109.28   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Golar LNG Limited                             | Golar LNG Limited COM STK USD1.00                                      | CUSIP: 000000000<br>LEI: 213800C2VSFZG3EZLO34 | Long             | EC               | CORP              | BM        |      6259 | NS      | $338674.49    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Sylvamo Corp.                                 | Sylvamo Corp. COMMON STOCK                                             | CUSIP: 871332102<br>LEI: 5493001AOYU1ZOWOC971 | Long             | EC               | CORP              | US        |      5219 | NS      | $220450.56    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Stoke Therapeutics Inc                        | Stoke Therapeutics Inc COM                                             | CUSIP: 86150R107<br>LEI: 549300RD25SS2DIJHJ67 | Long             | EC               | CORP              | US        |     15546 | NS      | $506177.76    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Cinemark Holdings Inc.                        | Cinemark Holdings Inc. COM                                             | CUSIP: 17243V102<br>LEI: 549300LL2QMPTYIE0K55 | Long             | EC               | CORP              | US        |     12420 | NS      | $354218.40    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Lifemd Inc                                    | Lifemd Inc COM                                                         | CUSIP: 53216B104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     20419 | NS      | $73712.59     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Trustco Bank Corp NY                          | Trustco Bank Corp NY COM NEW                                           | CUSIP: 898349204<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6473 | NS      | $283387.94    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Astronics Corp.                               | Astronics Corp. COM                                                    | CUSIP: 046433108<br>LEI: 549300NNXCF8H4MSMK17 | Long             | EC               | CORP              | US        |     10714 | NS      | $714945.22    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Bumble Inc                                    | Bumble Inc COM CL A                                                    | CUSIP: 12047B105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     19472 | NS      | $63478.72     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Power Solutions International, Inc.           | Power Solutions International, Inc. COM NEW                            | CUSIP: 73933G202<br>LEI: 549300JWGWDXC70SNH31 | Long             | EC               | CORP              | US        |      6147 | NS      | $374229.36    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| LivaNova PLC                                  | LivaNova PLC ORD GBP1.00 (DI)                                          | CUSIP: 000000000<br>LEI: 2138001K2FX6SHK2B339 | Long             | EC               | CORP              | GB        |     11790 | NS      | $749372.40    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| NMI Holdings Inc                              | NMI Holdings Inc COM                                                   | CUSIP: 629209305<br>LEI: 529900KNNGFXJX1C3Z08 | Long             | EC               | CORP              | US        |      9627 | NS      | $361108.77    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| MIMEDX GROUP INC                              | MiMedx Group Inc. COM                                                  | CUSIP: 602496101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     52345 | NS      | $206762.75    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Peabody Energy Corp.                          | Peabody Energy Corp. COM                                               | CUSIP: 704551100<br>LEI: EJCO258LNNVSKAR2JX59 | Long             | EC               | CORP              | US        |     20449 | NS      | $673794.55    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Myriad Genetics Inc.                          | Myriad Genetics Inc. COM                                               | CUSIP: 62855J104<br>LEI: 52990044IHUOUMETT163 | Long             | EC               | CORP              | US        |      5773 | NS      | $25978.50     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Alkermes PLC                                  | Alkermes PLC COM USD0.01                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | IE        |     13738 | NS      | $485775.68    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| TG Therapeutics Inc                           | TG Therapeutics Inc COM                                                | CUSIP: 88322Q108<br>LEI: 529900X21UKABN9NJ529 | Long             | EC               | CORP              | US        |     12932 | NS      | $429601.04    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| JBG SMITH PROPERTIES LP                       | JBG SMITH Properties COM                                               | CUSIP: 46590V100<br>LEI: 549300HHIW6GDQCPEC54 | Long             | EC               | CORP              | US        |     20175 | NS      | $294756.75    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Site Centers Corp                             | Site Centers Corp COM                                                  | CUSIP: 82981J851<br>LEI: W2AVA6SODOQ1LCYJQR54 | Long             | EC               | CORP              | US        |     24003 | NS      | $129616.20    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Harmony Biosciences Holdings Inc              | Harmony Biosciences Holdings Inc COM                                   | CUSIP: 413197104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     15617 | NS      | $437432.17    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Theravance Biopharma Inc                      | Theravance Biopharma Inc COM USD0.00001 WHEN ISSUED                    | CUSIP: 000000000<br>LEI: 5493007VTSXP4Z6MIW52 | Long             | EC               | CORP              | KY        |     47355 | NS      | $768571.65    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Collegium Pharmaceutical Inc.                 | Collegium Pharmaceutical Inc. COM                                      | CUSIP: 19459J104<br>LEI: 54930049FXZMTLW8D496 | Long             | EC               | CORP              | US        |     19538 | NS      | $646121.66    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Netgear Inc                                   | Netgear Inc COM                                                        | CUSIP: 64111Q104<br>LEI: 54930067KX3UNRHDWA78 | Long             | EC               | CORP              | US        |     18144 | NS      | $396264.96    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Turtle Beach Corp.                            | Turtle Beach Corp. COM NEW                                             | CUSIP: 900450206<br>LEI: 549300SZRV8U8PXSYI20 | Long             | EC               | CORP              | US        |     14033 | NS      | $142294.62    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| NORTHFIELD BANCORP INC (NEW)                  | Northfield Bancorp Inc. COM                                            | CUSIP: 66611T108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     13469 | NS      | $182370.26    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Haemonetics Corp                              | Haemonetics Corp COM                                                   | CUSIP: 405024100<br>LEI: 549300ZEL6TXZS6F5F95 | Long             | EC               | CORP              | US        |      5567 | NS      | $313756.12    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Allegiant Travel Company                      | Allegiant Travel Company COM                                           | CUSIP: 01748X102<br>LEI: 549300JM9OZXOHWL2K18 | Long             | EC               | CORP              | US        |      7947 | NS      | $644024.88    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Erasca Inc                                    | Erasca Inc COM                                                         | CUSIP: 29479A108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10889 | NS      | $176184.02    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco Latinoamericano De Comercio Exterior SA | Banco Latinoamericano De Comercio Exterior SA CLASS'E'COM NPV          | CUSIP: 000000000<br>LEI: 549300CN3134K4LC0651 | Long             | EC               | CORP              | PA        |     11343 | NS      | $579400.44    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| SKYWATER TECHNOLOGY INC                       | Skywater Technology Inc. COM                                           | CUSIP: 83089J108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     28183 | NS      | $772496.03    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Atkore Inc                                    | Atkore Inc COM                                                         | CUSIP: 047649108<br>LEI: 52990002TI38AM4RPV48 | Long             | EC               | CORP              | US        |      8007 | NS      | $471692.37    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Cricut Inc                                    | Cricut Inc COM CL A                                                    | CUSIP: 22658D100<br>LEI: 254900R3DKAJ28MC0Q39 | Long             | EC               | CORP              | US        |     87768 | NS      | $328252.32    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Cimpress PLC                                  | Cimpress PLC SHS EURO                                                  | CUSIP: 000000000<br>LEI: 549300X1IFD75XISOR81 | Long             | EC               | CORP              | IE        |      3228 | NS      | $235644.00    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Urban Outfitters Inc.                         | Urban Outfitters Inc. COM                                              | CUSIP: 917047102<br>LEI: 549300N3DUFR5U6NRN38 | Long             | EC               | CORP              | US        |      8910 | NS      | $564448.50    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| IRHYTHM HOLDINGS INC                          | iRhythm Holdings Inc. COM                                              | CUSIP: 450056106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4147 | NS      | $489428.94    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Artisan Partners Asset Management Inc.        | Artisan Partners Asset Management Inc. CL A                            | CUSIP: 04316A108<br>LEI: 549300T1FUI6JF63XU51 | Long             | EC               | CORP              | US        |     14635 | NS      | $532567.65    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Adma Biologics Inc                            | Adma Biologics Inc COM                                                 | CUSIP: 000899104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     18489 | NS      | $166585.89    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Rigel Pharmaceuticals Inc.                    | Rigel Pharmaceuticals Inc. COM                                         | CUSIP: 766559702<br>LEI: 529900KPTNUS5J8K9K66 | Long             | EC               | CORP              | US        |      9124 | NS      | $246712.96    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| AVADEL PHARMACEUTICALS PLC                    | AVADEL PHARMACEUTICALS PLC                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     15064 | NS      | $9640.96      | 0.01%             |  |  |  | No            |                  3 | On Loan: No      |
| Porch Group Inc.                              | Porch Group Inc. COM                                                   | CUSIP: 733245104<br>LEI: 549300NXEI7CVW8IXQ90 | Long             | EC               | CORP              | US        |     32598 | NS      | $233727.66    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| AEGLEA BIOTHERAPEUTICS INC CVR                | AEGLEA BIOTHERAPEUTICS INC CVR                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     30064 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Caredx Inc                                    | Caredx Inc COM                                                         | CUSIP: 14167L103<br>LEI: 549300NQOFKL9NON0U06 | Long             | EC               | CORP              | US        |     16312 | NS      | $283176.32    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| ADEIA INC                                     | Adeia Inc. COM                                                         | CUSIP: 00676P107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     19691 | NS      | $473174.73    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Sun Country Airlines Holdings Inc.            | Sun Country Airlines Holdings Inc. COM                                 | CUSIP: 866683105<br>LEI: 549300MOHOJN9GH0NJ48 | Long             | EC               | CORP              | US        |     39403 | NS      | $650937.56    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Puma Biotechnology Inc                        | Puma Biotechnology Inc COM                                             | CUSIP: 74587V107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     57748 | NS      | $369009.72    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| SIGA TECHNOLOGIES INC                         | SIGA Technologies Inc. COM                                             | CUSIP: 826917106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     30667 | NS      | $164068.45    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Aurinia Pharmaceuticals Inc                   | Aurinia Pharmaceuticals Inc COM                                        | CUSIP: 05156V102<br>LEI: 5299008YP2BW4570ML28 | Long             | EC               | CORP              | CA        |     25966 | NS      | $384816.12    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| SELECT MEDICAL HOLDINGS CORP                  | Select Medical Holdings Corporation COM                                | CUSIP: 81619Q105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     42907 | NS      | $698955.03    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Independent Bank Corp.                        | Independent Bank Corp. COM                                             | CUSIP: 453836108<br>LEI: 549300C5K3W8THR3GE10 | Long             | EC               | CORP              | US        |      5971 | NS      | $449078.91    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Tecnoglass Inc                                | Tecnoglass Inc COM USD0.0001                                           | CUSIP: 000000000<br>LEI: 529900YRWTPOC2E6IO67 | Long             | EC               | CORP              | KY        |      4242 | NS      | $188981.10    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST FINANCIAL CORP                          | First Financial Corp. COM                                              | CUSIP: 320218100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4603 | NS      | $290909.60    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Madrigal Pharmaceuticals Inc                  | Madrigal Pharmaceuticals Inc COM                                       | CUSIP: 558868105<br>LEI: 549300CHIMT2EUSNJB60 | Long             | EC               | CORP              | US        |      1194 | NS      | $625023.18    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| NATURE'S SUNSHINE PRODUCTS INC                | Nature's Sunshine Products Inc. COM                                    | CUSIP: 639027101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     21921 | NS      | $525884.79    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| ACI Worldwide Inc                             | ACI Worldwide Inc COM                                                  | CUSIP: 004498101<br>LEI: 5493003BPVMZUJ6F5C02 | Long             | EC               | CORP              | US        |     11806 | NS      | $484164.06    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Radian Group Inc.                             | Radian Group Inc. COM                                                  | CUSIP: 750236101<br>LEI: 54930005OUP720S5U385 | Long             | EC               | CORP              | US        |     23088 | NS      | $763751.04    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Primoris Services Corp.                       | Primoris Services Corp. COM                                            | CUSIP: 74164F103<br>LEI: 549300UF3OLBJ8D5K349 | Long             | EC               | CORP              | US        |      7130 | NS      | $1019875.20   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Jackson Financial Inc                         | Jackson Financial Inc COM CL A                                         | CUSIP: 46817M107<br>LEI: 213800WXW2KG1N4CO374 | Long             | EC               | CORP              | US        |      9508 | NS      | $1005185.76   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| SENECA FOODS CORP                             | Seneca Foods CL A                                                      | CUSIP: 817070501<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5329 | NS      | $805318.48    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Emergent Biosolutions Inc                     | Emergent Biosolutions Inc COM                                          | CUSIP: 29089Q105<br>LEI: 549300YW6TUOX8BE5103 | Long             | EC               | CORP              | US        |     29255 | NS      | $242816.50    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Frontdoor Inc                                 | Frontdoor Inc COM                                                      | CUSIP: 35905A109<br>LEI: 5493008RB0JZJI3QGZ06 | Long             | EC               | CORP              | US        |      7358 | NS      | $388943.88    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| AXOGEN INC                                    | AxoGen Inc. COM                                                        | CUSIP: 05463X106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16565 | NS      | $548798.45    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Ligand Pharmaceuticals Incorporated           | Ligand Pharmaceuticals Incorporated COM NEW                            | CUSIP: 53220K504<br>LEI: 5493008K7TB0IKP37H79 | Long             | EC               | CORP              | US        |      3099 | NS      | $618715.35    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Hecla Mining Company                          | Hecla Mining Company COM                                               | CUSIP: 422704106<br>LEI: 5493009Y6HOBZD1QD537 | Long             | EC               | CORP              | US        |     45736 | NS      | $852061.68    | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| VALARIS LTD                                   | Valaris Ltd. CL A                                                      | CUSIP: 000000000<br>LEI: 5299008BQ9IREYWBTS30 | Long             | EC               | CORP              | BM        |      7317 | NS      | $717358.68    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Playtika Holding Corp                         | Playtika Holding Corp COM                                              | CUSIP: 72815L107<br>LEI: 254900E35Z4TKA4UFG64 | Long             | EC               | CORP              | US        |     29159 | NS      | $81062.02     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| United Natural Foods, Inc.                    | United Natural Foods, Inc. COM                                         | CUSIP: 911163103<br>LEI: 549300GKGW6WPZ282D40 | Long             | EC               | CORP              | US        |     19539 | NS      | $880427.34    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Shoals Technologies Group Inc                 | Shoals Technologies Group Inc CL A                                     | CUSIP: 82489W107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     56867 | NS      | $374184.86    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Hims & Hers Health Inc                        | Hims & Hers Health Inc COM CL A                                        | CUSIP: 433000106<br>LEI: 254900V041EIVTSB6D58 | Long             | EC               | CORP              | US        |     13608 | NS      | $282502.08    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Argan Inc                                     | Argan Inc COM                                                          | CUSIP: 04010E109<br>LEI: 529900E4KZWBV9KGBS83 | Long             | EC               | CORP              | US        |      2157 | NS      | $1174810.05   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Group 1 Automotive, Inc.                      | Group 1 Automotive, Inc. COM                                           | CUSIP: 398905109<br>LEI: 549300US8QAZJLWYAF63 | Long             | EC               | CORP              | US        |      1503 | NS      | $496936.89    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| TTM Technologies Inc                          | TTM Technologies Inc COM                                               | CUSIP: 87305R109<br>LEI: 549300SC4BDOIS008048 | Long             | EC               | CORP              | US        |      4391 | NS      | $427771.22    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| INDIVIOR PHARMACEUTICALS INC                  | Indivior Pharmaceuticals Inc. COM                                      | CUSIP: 45579U109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7607 | NS      | $231861.36    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Stoneco Ltd                                   | Stoneco Ltd COM USD0.000079365 CL A                                    | CUSIP: 000000000<br>LEI: 549300O1A9LEF0XZCR35 | Long             | EC               | CORP              | KY        |     38821 | NS      | $548152.52    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Abercrombie & Fitch Co                        | Abercrombie & Fitch Co CL A                                            | CUSIP: 002896207<br>LEI: 5493000J7LL72TOGT983 | Long             | EC               | CORP              | US        |      5718 | NS      | $522453.66    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| American Public Education Inc.                | American Public Education Inc. COM                                     | CUSIP: 02913V103<br>LEI: 254900GZNX6TJQGM4S17 | Long             | EC               | CORP              | US        |     14118 | NS      | $803031.84    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Riley Exploration Permian Inc.                | Riley Exploration Permian Inc. COM                                     | CUSIP: 76665T102<br>LEI: 5493008CUBI02XP43Q95 | Long             | EC               | CORP              | US        |      5735 | NS      | $209040.75    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Kohl's Corp.                                  | Kohl's Corp. COM                                                       | CUSIP: 500255104<br>LEI: 549300JF6LPRTRJ0FH50 | Long             | EC               | CORP              | US        |     57325 | NS      | $739492.50    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Lumen Technologies Inc                        | Lumen Technologies Inc COM                                             | CUSIP: 550241103<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | EC               | CORP              | US        |    151288 | NS      | $1051451.60   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellium SE                                | Constellium SE CL A SHS                                                | CUSIP: 000000000<br>LEI: 724500KRJEMC79KAAU28 | Long             | EC               | CORP              | FR        |     31659 | NS      | $778178.22    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Catalyst Pharmaceuticals Inc.                 | Catalyst Pharmaceuticals Inc. COM                                      | CUSIP: 14888U101<br>LEI: 5299004O0R5XXLA5H544 | Long             | EC               | CORP              | US        |     12979 | NS      | $321360.04    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Sabra Health Care REIT, Inc.                  | Sabra Health Care REIT, Inc. COM                                       | CUSIP: 78573L106<br>LEI: 549300E3BC7GU7TAZ621 | Long             | EC               | CORP              | US        |     27609 | NS      | $530921.07    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Farmland Partners Inc                         | Farmland Partners Inc COM                                              | CUSIP: 31154R109<br>LEI: 549300LB188CHPZ4IL37 | Long             | EC               | CORP              | US        |     43849 | NS      | $492424.27    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Acadia Pharmaceuticals Inc                    | Acadia Pharmaceuticals Inc COM                                         | CUSIP: 004225108<br>LEI: 529900O3044NO0PEA039 | Long             | EC               | CORP              | US        |     15933 | NS      | $354668.58    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Bridgebio Pharma Inc                          | Bridgebio Pharma Inc COM                                               | CUSIP: 10806X102<br>LEI: 54930028YG89VTY2J114 | Long             | EC               | CORP              | US        |      5985 | NS      | $444446.10    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Valley National Bancorp.                      | Valley National Bancorp. COM                                           | CUSIP: 919794107<br>LEI: 549300ET52S1UBIB9762 | Long             | EC               | CORP              | US        |     57597 | NS      | $707291.16    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Varex Imaging Corporation                     | Varex Imaging Corporation COM                                          | CUSIP: 92214X106<br>LEI: 549300CWYWPVCT8E9W67 | Long             | EC               | CORP              | US        |      8775 | NS      | $93102.75     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Veracyte Inc                                  | Veracyte Inc COM                                                       | CUSIP: 92337F107<br>LEI: 529900ESWZRHXOW27Z37 | Long             | EC               | CORP              | US        |      7918 | NS      | $255038.78    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| HERBALIFE LTD                                 | Herbalife Ltd. COM USD0.001                                            | CUSIP: 000000000<br>LEI: 549300BA7TYPBSZZIA41 | Long             | EC               | CORP              | KY        |     41694 | NS      | $613735.68    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Eastman Kodak Company                         | Eastman Kodak Company COM NEW                                          | CUSIP: 277461406<br>LEI: 549300P7J8F3SSMY3E81 | Long             | EC               | CORP              | US        |     41158 | NS      | $372479.90    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Axos Financial Inc                            | Axos Financial Inc COM                                                 | CUSIP: 05465C100<br>LEI: 529900D8M56422GK9O25 | Long             | EC               | CORP              | US        |      8682 | NS      | $738751.38    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Murphy Oil Corporation                        | Murphy Oil Corporation COM                                             | CUSIP: 626717102<br>LEI: QBKYQD0ODE7DC7PDIN91 | Long             | EC               | CORP              | US        |     14443 | NS      | $595773.75    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| A10 Networks Inc                              | A10 Networks Inc COM                                                   | CUSIP: 002121101<br>LEI: 549300UQD4IWUML81Q35 | Long             | EC               | CORP              | US        |     24746 | NS      | $572127.52    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| SERVISFIRST BANCSHARES INC                    | ServisFirst Bancshares Inc. COM                                        | CUSIP: 81768T108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1165 | NS      | $84846.95     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Ormat Technologies Inc.                       | Ormat Technologies Inc. COM                                            | CUSIP: 686688102<br>LEI: 5493000TSHHWY24VHM09 | Long             | EC               | CORP              | US        |      1289 | NS      | $144264.88    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Sonos Inc                                     | Sonos Inc COM                                                          | CUSIP: 83570H108<br>LEI: 549300WEPU6075I77M08 | Long             | EC               | CORP              | US        |     43183 | NS      | $578652.20    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Sezzle Inc.                                   | Sezzle Inc. COM                                                        | CUSIP: 78435P105<br>LEI: 9845000CA64541AE3I35 | Long             | EC               | CORP              | US        |      1935 | NS      | $122466.15    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Blue Bird Corp.                               | Blue Bird Corp. COM                                                    | CUSIP: 095306106<br>LEI: 5493004ZXJUUWQ65ER59 | Long             | EC               | CORP              | US        |     10625 | NS      | $603393.75    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Rush Street Interactive Inc                   | Rush Street Interactive Inc COM                                        | CUSIP: 782011100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     15220 | NS      | $331035.00    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| GULFPORT ENERGY CORP                          | Gulfport Energy Operating Corp. COMMON SHARES                          | CUSIP: 402635502<br>LEI: 254900DJRGZBUZ3F5038 | Long             | EC               | CORP              | US        |      1761 | NS      | $372574.77    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Century Aluminum Company                      | Century Aluminum Company COM                                           | CUSIP: 156431108<br>LEI: 549300U5ODNGEYWKSW73 | Long             | EC               | CORP              | US        |      9721 | NS      | $570525.49    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Krystal Biotech Inc                           | Krystal Biotech Inc COM                                                | CUSIP: 501147102<br>LEI: 549300YONUY68210OE41 | Long             | EC               | CORP              | US        |      1677 | NS      | $433202.64    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| BOX INC                                       | BOX INC                                                                | CUSIP: 10316T104<br>LEI: 549300KQUCPD8687YS68 | Long             | EC               | CORP              | US        |     11529 | NS      | $272545.56    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Qualys Inc                                    | Qualys Inc COM                                                         | CUSIP: 74758T303<br>LEI: 549300EMBXYOW9W1XA17 | Long             | EC               | CORP              | US        |      5181 | NS      | $455150.85    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| The Bank of N.T. Butterfield & Son Limited    | The Bank of N.T. Butterfield & Son Limited COM BMD0.01(POST REV SPLIT) | CUSIP: 000000000<br>LEI: 549300V8RVM0EMTDPF28 | Long             | EC               | CORP              | BM        |     13135 | NS      | $689324.80    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| M/I Homes Inc.                                | M/I Homes Inc. COM                                                     | CUSIP: 55305B101<br>LEI: 5299005M71FH9CCSFB69 | Long             | EC               | CORP              | US        |      2097 | NS      | $256777.65    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Sl Green Realty Corp                          | Sl Green Realty Corp COM                                               | CUSIP: 78440X887<br>LEI: 549300VQZPJU97H3GT17 | Long             | EC               | CORP              | US        |      2407 | NS      | $88914.58     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Interface, Inc.                               | Interface, Inc. COM                                                    | CUSIP: 458665304<br>LEI: 549300VXZWQOIDFPU355 | Long             | EC               | CORP              | US        |     16281 | NS      | $405722.52    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Kimball Electronics Inc.                      | Kimball Electronics Inc. COM                                           | CUSIP: 49428J109<br>LEI: 549300COBYN2GZCBIU87 | Long             | EC               | CORP              | US        |     19609 | NS      | $464537.21    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| OTTER TAIL CORP                               | Otter Tail Corporation COM                                             | CUSIP: 689648103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5247 | NS      | $460529.19    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| BLUEPRINT MEDICINES CORP                      | Blueprint Medicines Corporation NPV                                    | CUSIP: 096CVR048<br>LEI: 5299004CC60O9T5HVM83 | Long             | EC               | CORP              | US        |      3400 | NS      | $1564.00      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Rhythm Pharmaceuticals Inc                    | Rhythm Pharmaceuticals Inc COM                                         | CUSIP: 76243J105<br>LEI: 529900JPNWXQ8DPLA551 | Long             | EC               | CORP              | US        |      4112 | NS      | $357620.64    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Glaukos Corp.                                 | Glaukos Corp. COM                                                      | CUSIP: 377322102<br>LEI: 5299004JA1LHE21M6T14 | Long             | EC               | CORP              | US        |      2098 | NS      | $225870.68    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Amicus Therapeutics Inc.                      | Amicus Therapeutics Inc. COM                                           | CUSIP: 03152W109<br>LEI: 549300MRD1SMUTNBPQ53 | Long             | EC               | CORP              | US        |     36400 | NS      | $526344.00    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Appian Corporation                            | Appian Corporation CL A                                                | CUSIP: 03782L101<br>LEI: 529900NIARIFW7HGU386 | Long             | EC               | CORP              | US        |      7841 | NS      | $189046.51    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| USANA Health Sciences Inc.                    | USANA Health Sciences Inc. COM                                         | CUSIP: 90328M107<br>LEI: 549300YTURXE814MAH96 | Long             | EC               | CORP              | US        |      3238 | NS      | $56567.86     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Twist Bioscience Corporation                  | Twist Bioscience Corporation COM                                       | CUSIP: 90184D100<br>LEI: 549300T23BL59LCOH584 | Long             | EC               | CORP              | US        |      3495 | NS      | $166082.40    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| HOMETRUST BANCSHARES INC                      | Hometrust Bancshares Inc. COM                                          | CUSIP: 437872104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5350 | NS      | $228177.50    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Consd Water Co                                | Consd Water Co COM USD0.60                                             | CUSIP: 000000000<br>LEI: 5299001BMEW8X9VIJA73 | Long             | EC               | CORP              | KY        |     15155 | NS      | $501933.60    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Diebold Nixdorf Incorporated                  | Diebold Nixdorf Incorporated COM SHS                                   | CUSIP: 253651202<br>LEI: 549300XZK6EWDBAZSY16 | Long             | EC               | CORP              | US        |      6578 | NS      | $496244.32    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Q2 Holdings Inc                               | Q2 Holdings Inc COM                                                    | CUSIP: 74736L109<br>LEI: 549300M9RKR9DZXWS696 | Long             | EC               | CORP              | US        |      5348 | NS      | $252960.40    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Vericel Corporation                           | Vericel Corporation COM                                                | CUSIP: 92346J108<br>LEI: 54930076YM3PLTDR4B91 | Long             | EC               | CORP              | US        |      4813 | NS      | $154834.21    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Sanmina Corp                                  | Sanmina Corp COM                                                       | CUSIP: 801056102<br>LEI: X5K24XLM8QYRXF00EB42 | Long             | EC               | CORP              | US        |      5559 | NS      | $720668.76    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Turning Point Brands Inc                      | Turning Point Brands Inc COM                                           | CUSIP: 90041L105<br>LEI: 549300IYG00QF0VVP302 | Long             | EC               | CORP              | US        |      2767 | NS      | $240147.93    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Yelp Inc                                      | Yelp Inc CL A                                                          | CUSIP: 985817105<br>LEI: 5299007OU2DOSXPQBO35 | Long             | EC               | CORP              | US        |     14444 | NS      | $357344.56    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Par Pacific Holdings, Inc.                    | Par Pacific Holdings, Inc. COM NEW                                     | CUSIP: 69888T207<br>LEI: 549300BTNS7MHSHRLR55 | Long             | EC               | CORP              | US        |     17756 | NS      | $1112235.84   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Nu Skin Enterprises Inc.                      | Nu Skin Enterprises Inc. CL A                                          | CUSIP: 67018T105<br>LEI: 54930050DETB6CP71D38 | Long             | EC               | CORP              | US        |     46315 | NS      | $337173.20    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Iradimed Corp.                                | Iradimed Corp. COM                                                     | CUSIP: 46266A109<br>LEI: 549300YVHWP0YJ1YW816 | Long             | EC               | CORP              | US        |      6078 | NS      | $585068.28    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Kite Realty Group Trust                       | Kite Realty Group Trust COM NEW                                        | CUSIP: 49803T300<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9860 | NS      | $242063.00    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| V2X Inc                                       | V2X Inc COM                                                            | CUSIP: 92242T101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5937 | NS      | $406684.50    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Newmark Group Inc                             | Newmark Group Inc CL A                                                 | CUSIP: 65158N102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     18639 | NS      | $279398.61    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Liveramp Holdings Inc                         | Liveramp Holdings Inc COM                                              | CUSIP: 53815P108<br>LEI: 254900GXS75LG1X7RF88 | Long             | EC               | CORP              | US        |      8417 | NS      | $223218.84    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Peloton Interactive Inc                       | Peloton Interactive Inc CL A COM                                       | CUSIP: 70614W100<br>LEI: 5493002YS021166W0339 | Long             | EC               | CORP              | US        |     85798 | NS      | $368073.42    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| USA Today Co. Inc.                            | USA Today Co. Inc. COM                                                 | CUSIP: 36472T109<br>LEI: 549300JQ2PU0RI3ZBA32 | Long             | EC               | CORP              | US        |     63286 | NS      | $446166.30    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Monte Rosa Therapeutics Inc                   | Monte Rosa Therapeutics Inc COM                                        | CUSIP: 61225M102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     15497 | NS      | $254925.65    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| G III Apparel Group Ltd                       | G III Apparel Group Ltd COM                                            | CUSIP: 36237H101<br>LEI: 529900O5KABM3R3SFM87 | Long             | EC               | CORP              | US        |     14164 | NS      | $392342.80    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| ANI Pharmaceuticals Inc.                      | ANI Pharmaceuticals Inc. COM                                           | CUSIP: 00182C103<br>LEI: 5493000T6CXTND40YH31 | Long             | EC               | CORP              | US        |      1202 | NS      | $92433.80     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| California Resources Corporation              | California Resources Corporation COM STOCK                             | CUSIP: 13057Q305<br>LEI: 5493003Q8F0T4F4YMR48 | Long             | EC               | CORP              | US        |     15478 | NS      | $1071387.16   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Kratos Defense & Security Solutions, Inc.     | Kratos Defense & Security Solutions, Inc. COM NEW                      | CUSIP: 50077B207<br>LEI: 5493000EKBN0UY1F3F88 | Long             | EC               | CORP              | US        |     11142 | NS      | $785622.42    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Extreme Networks Inc.                         | Extreme Networks Inc. COM                                              | CUSIP: 30226D106<br>LEI: 549300WRECW11X94UB57 | Long             | EC               | CORP              | US        |     18642 | NS      | $281121.36    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Progress Software Corp.                       | Progress Software Corp. COM                                            | CUSIP: 743312100<br>LEI: 549300R65B3JG6972S24 | Long             | EC               | CORP              | US        |      5372 | NS      | $137791.80    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Innovative Industrial Propertes Inc           | Innovative Industrial Propertes Inc COM                                | CUSIP: 45781V101<br>LEI: 5493008BQ0545EZXRR30 | Long             | EC               | CORP              | US        |     12109 | NS      | $607387.44    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Tanger Inc.                                   | Tanger Inc. COM                                                        | CUSIP: 875465106<br>LEI: UKEW8YSXE4Y581KYOL30 | Long             | EC               | CORP              | US        |     11501 | NS      | $390803.98    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Lantheus Holdings Inc                         | Lantheus Holdings Inc COM                                              | CUSIP: 516544103<br>LEI: 5299005HUB5IOJGO7S39 | Long             | EC               | CORP              | US        |      6447 | NS      | $489004.95    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| KEROS THERAPEUTICS INC                        | Keros Therapeutics Inc. COM                                            | CUSIP: 492327101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     14509 | NS      | $160179.36    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Zeta Global Holdings Corp                     | Zeta Global Holdings Corp CL A                                         | CUSIP: 98956A105<br>LEI: 2549008P9XSJQHGQ9S27 | Long             | EC               | CORP              | US        |     28700 | NS      | $456904.00    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Upwork Inc                                    | Upwork Inc COM                                                         | CUSIP: 91688F104<br>LEI: 5493004QJ6WWBXVE2S70 | Long             | EC               | CORP              | US        |     35284 | NS      | $386712.64    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Designer Brands Inc                           | Designer Brands Inc CL A                                               | CUSIP: 250565108<br>LEI: 549300X8J6FI8PPRK859 | Long             | EC               | CORP              | US        |     18092 | NS      | $102943.48    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Supernus Pharmaceuticals, Inc                 | Supernus Pharmaceuticals, Inc COM                                      | CUSIP: 868459108<br>LEI: 549300GRM36VBKISYJ58 | Long             | EC               | CORP              | US        |      3283 | NS      | $169698.27    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Central Pacific Financial Corp.               | Central Pacific Financial Corp. COM NEW                                | CUSIP: 154760409<br>LEI: 549300W3YEAOZ4KGG849 | Long             | EC               | CORP              | US        |      7995 | NS      | $255520.20    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Enova International Inc.                      | Enova International Inc. COM                                           | CUSIP: 29357K103<br>LEI: 549300O8XOCQSB49UO63 | Long             | EC               | CORP              | US        |      5086 | NS      | $690831.38    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Yext Inc                                      | Yext Inc COM                                                           | CUSIP: 98585N106<br>LEI: 5299008ZQSBBVH7K0589 | Long             | EC               | CORP              | US        |     26688 | NS      | $102481.92    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Watts Water Technologies Inc.                 | Watts Water Technologies Inc. CL A                                     | CUSIP: 942749102<br>LEI: 549300REJOO94ERQN318 | Long             | EC               | CORP              | US        |      1662 | NS      | $482461.98    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Photronics Inc.                               | Photronics Inc. COM                                                    | CUSIP: 719405102<br>LEI: 549300OK5JVNIBNY6F63 | Long             | EC               | CORP              | US        |     18532 | NS      | $748878.12    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Commvault Systems Inc.                        | Commvault Systems Inc. COM                                             | CUSIP: 204166102<br>LEI: 65T5VRP62VXG39YFML83 | Long             | EC               | CORP              | US        |      5492 | NS      | $427771.88    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Arrowhead Pharmaceuticals Inc                 | Arrowhead Pharmaceuticals Inc COM                                      | CUSIP: 04280A100<br>LEI: 549300O3CSB8T7OZ3D66 | Long             | EC               | CORP              | US        |     11168 | NS      | $700233.60    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Polaris Inc.                                  | Polaris Inc. COM                                                       | CUSIP: 731068102<br>LEI: 549300QJSN8UVWN1EI78 | Long             | EC               | CORP              | US        |     10419 | NS      | $567835.50    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Scorpio Tankers Inc                           | Scorpio Tankers Inc COM USD0.01(POST REV SPLIT)                        | CUSIP: 000000000<br>LEI: 549300NVJUH16NXG8K87 | Long             | EC               | CORP              | MH        |      9900 | NS      | $739134.00    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| 10X Genomics Inc                              | 10X Genomics Inc CL A COM                                              | CUSIP: 88025U109<br>LEI: 5493003Z6741WNLG7H43 | Long             | EC               | CORP              | US        |     25385 | NS      | $538923.55    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Enterprise Financial Services Corp.           | Enterprise Financial Services Corp. COM                                | CUSIP: 293712105<br>LEI: 5493001XTU5DLD632129 | Long             | EC               | CORP              | US        |      5618 | NS      | $303989.98    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Acadian Asset Management Inc                  | Acadian Asset Management Inc COM                                       | CUSIP: 10948W103<br>LEI: 5493004FTLQNQTBOP608 | Long             | EC               | CORP              | US        |     15847 | NS      | $862393.74    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Summit Hotel Properties, Inc.                 | Summit Hotel Properties, Inc. COM                                      | CUSIP: 866082100<br>LEI: 254900OBQWJK6X20LS71 | Long             | EC               | CORP              | US        |     38339 | NS      | $169458.38    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Centrus Energy Corp.                          | Centrus Energy Corp. CL A                                              | CUSIP: 15643U104<br>LEI: 549300G6VDK9G8276661 | Long             | EC               | CORP              | US        |      1746 | NS      | $303088.14    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Corsair Gaming Inc                            | Corsair Gaming Inc COM                                                 | CUSIP: 22041X102<br>LEI: 549300Y7YT18L8G0H525 | Long             | EC               | CORP              | US        |     28869 | NS      | $160222.95    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Asana Inc                                     | Asana Inc CL A                                                         | CUSIP: 04342Y104<br>LEI: 254900X7UAJNMLPLZ510 | Long             | EC               | CORP              | US        |     10585 | NS      | $67744.00     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| 8X8 Inc.                                      | 8X8 Inc. COM                                                           | CUSIP: 282914100<br>LEI: 254900XWSOC5U1BRW939 | Long             | EC               | CORP              | US        |    110113 | NS      | $182787.58    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Powell Industries Inc.                        | Powell Industries Inc. COM                                             | CUSIP: 739128106<br>LEI: 549300V08RO7MX2UBN26 | Long             | EC               | CORP              | US        |      2200 | NS      | $1190376.00   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Terex Corporation                             | Terex Corporation COM                                                  | CUSIP: 880779103<br>LEI: YAWJZJYEQ7M1SYMOS462 | Long             | EC               | CORP              | US        |      8982 | NS      | $530836.20    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Modine Manufacturing Co.                      | Modine Manufacturing Co. COM                                           | CUSIP: 607828100<br>LEI: Z35SZFYJR8GZZRSIUU09 | Long             | EC               | CORP              | US        |      1745 | NS      | $378158.95    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Titan Machinery Inc.                          | Titan Machinery Inc. COM                                               | CUSIP: 88830R101<br>LEI: 549300835ZM8G0BT5C94 | Long             | EC               | CORP              | US        |     38460 | NS      | $643051.20    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| National Health Investors, Inc.               | National Health Investors, Inc. COM                                    | CUSIP: 63633D104<br>LEI: 549300ZPKZIG6DKDEC02 | Long             | EC               | CORP              | US        |      5331 | NS      | $431064.66    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Commercial Metals Company                     | Commercial Metals Company COM                                          | CUSIP: 201723103<br>LEI: 549300OQS2LO07ZJ7N73 | Long             | EC               | CORP              | US        |      7971 | NS      | $489658.53    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| ARCUTIS BIOTHERAPEUTICS INC                   | Arcutis Biotherapeutics Inc. COM                                       | CUSIP: 03969K108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     13119 | NS      | $309083.64    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Essent Group Ltd.                             | Essent Group Ltd. COM USD0.015                                         | CUSIP: 000000000<br>LEI: 254900QUO860OUT6ZF83 | Long             | EC               | CORP              | BM        |     10977 | NS      | $641495.88    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Bancorp Inc                                   | Bancorp Inc COM                                                        | CUSIP: 05969A105<br>LEI: 894500FP2ICT1B019Y71 | Long             | EC               | CORP              | US        |      8259 | NS      | $443756.07    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Axcelis Technologies Inc.                     | Axcelis Technologies Inc. COM NEW                                      | CUSIP: 054540208<br>LEI: 529900HF9B6NL1QG9F05 | Long             | EC               | CORP              | US        |      3602 | NS      | $335274.16    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Talos Energy Inc                              | Talos Energy Inc COM                                                   | CUSIP: 87484T108<br>LEI: 549300OKFHZ84SFJFT95 | Long             | EC               | CORP              | US        |     67113 | NS      | $1057700.88   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Pagseguro Digital Ltd                         | Pagseguro Digital Ltd COM USD0.000025 CLASS A                          | CUSIP: 000000000<br>LEI: 391200VY4YW47I4HGH62 | Long             | EC               | CORP              | KY        |     61811 | NS      | $619346.22    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Forestar Group Inc.                           | Forestar Group Inc. COM                                                | CUSIP: 346232101<br>LEI: 549300BC2UB0GHV60V70 | Long             | EC               | CORP              | US        |      7412 | NS      | $181149.28    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Skywest Inc                                   | Skywest Inc COM                                                        | CUSIP: 830879102<br>LEI: 529900UYS2KGS6Z42P09 | Long             | EC               | CORP              | US        |      8518 | NS      | $782207.94    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Pathward Financial Inc                        | Pathward Financial Inc COM                                             | CUSIP: 59100U108<br>LEI: 5493004X52BH1NBLW813 | Long             | EC               | CORP              | US        |      4075 | NS      | $363612.25    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| AMN Healthcare Services Inc                   | AMN Healthcare Services Inc COM                                        | CUSIP: 001744101<br>LEI: 529900W3ARRTCNFH2I39 | Long             | EC               | CORP              | US        |     36926 | NS      | $677222.84    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Brinker International, Inc.                   | Brinker International, Inc. COM                                        | CUSIP: 109641100<br>LEI: 52990067JY6PBGJNTG76 | Long             | EC               | CORP              | US        |      5164 | NS      | $737264.28    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Vicor Corp                                    | Vicor Corp COM                                                         | CUSIP: 925815102<br>LEI: 5299005KMQOTR6B51F09 | Long             | EC               | CORP              | US        |       663 | NS      | $106743.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Genie Energy Ltd                              | Genie Energy Ltd CL B                                                  | CUSIP: 372284208<br>LEI: 52990057E36X8869GX58 | Long             | EC               | CORP              | US        |      7346 | NS      | $103872.44    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| PIEDMONT OFFICE REALTY TRUST INC              | Piedmont Realty Trust Inc. COM CL A                                    | CUSIP: 720190206<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     15824 | NS      | $103963.68    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| DHT HOLDINGS INC                              | DHT Holdings Inc. COM USD0.01                                          | CUSIP: 000000000<br>LEI: 549300SMD6IVZYT74K40 | Long             | EC               | CORP              | MH        |     28823 | NS      | $526596.21    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| DigitalOcean Holdings Inc                     | DigitalOcean Holdings Inc COM                                          | CUSIP: 25402D102<br>LEI: 549300EPISPY3RE3DL21 | Long             | EC               | CORP              | US        |      8457 | NS      | $725441.46    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| United Parks & Resorts Inc                    | United Parks & Resorts Inc COM                                         | CUSIP: 81282V100<br>LEI: 529900G0H4NV3IIK3269 | Long             | EC               | CORP              | US        |      4003 | NS      | $130737.98    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| KAISER ALUMINUM CORP                          | Kaiser Aluminium Corporation COM PAR $0.01                             | CUSIP: 483007704<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3332 | NS      | $401539.32    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| EnerSys                                       | EnerSys COM                                                            | CUSIP: 29275Y102<br>LEI: 7ZS3DE5PN30BYUJFWP05 | Long             | EC               | CORP              | US        |      4970 | NS      | $863388.40    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Eagle Bancorp Inc                             | Eagle Bancorp Inc COM                                                  | CUSIP: 268948106<br>LEI: 549300B47NZODRMG3D47 | Long             | EC               | CORP              | US        |      6901 | NS      | $171627.87    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Protagonist Therapeutics Inc                  | Protagonist Therapeutics Inc COM                                       | CUSIP: 74366E102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6209 | NS      | $654428.60    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| AnaptysBio Inc.                               | AnaptysBio Inc. COM                                                    | CUSIP: 032724106<br>LEI: 529900HH4WQT03IG1A12 | Long             | EC               | CORP              | US        |      4716 | NS      | $261549.36    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| BankUnited Inc.                               | BankUnited Inc. COM                                                    | CUSIP: 06652K103<br>LEI: 96OVUWEW5D4YX6PFXD91 | Long             | EC               | CORP              | US        |     11093 | NS      | $500959.88    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Bloom Energy Corporation                      | Bloom Energy Corporation COM CL A                                      | CUSIP: 093712107<br>LEI: 549300XB5J9BFW5JXV97 | Long             | EC               | CORP              | US        |     13750 | NS      | $1862987.50   | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Everquote Inc                                 | Everquote Inc COM CL A                                                 | CUSIP: 30041R108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     20830 | NS      | $321198.60    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| IBEX LTD                                      | Ibex Ltd. SHS NEW                                                      | CUSIP: 000000000<br>LEI: 5493000GRFLPVYU2CX17 | Long             | EC               | CORP              | BM        |     15837 | NS      | $424748.34    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Capital Bancshares, Inc.                | Texas Capital Bancshares, Inc. COM                                     | CUSIP: 88224Q107<br>LEI: 549300466Q2SXRX0YM48 | Long             | EC               | CORP              | US        |      7364 | NS      | $698696.32    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Pdl BioPharma Inc                             | Pdl BioPharma Inc COM                                                  | CUSIP: 69329Y104<br>LEI: FE4K0NQFI4D86DSOL165 | Long             | EC               | CORP              | US        |    152500 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| AMERICAN ASSETS TRUST INC                     | American Assets Trust Inc. COM                                         | CUSIP: 024013104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10195 | NS      | $187689.95    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Bread Financial Holdings Inc                  | Bread Financial Holdings Inc COM                                       | CUSIP: 018581108<br>LEI: 549300G8S4PO686J7H97 | Long             | EC               | CORP              | US        |      2451 | NS      | $183555.39    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| PTC Therapeutics, Inc.                        | PTC Therapeutics, Inc. COM                                             | CUSIP: 69366J200<br>LEI: 549300UJLWOIWFDGB318 | Long             | EC               | CORP              | US        |      6785 | NS      | $462262.05    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Preferred Bank                                | Preferred Bank COM NEW                                                 | CUSIP: 740367404<br>LEI: 5493007K6HGI9G0ECX16 | Long             | EC               | CORP              | US        |      3530 | NS      | $320135.70    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| OFG Bancorp                                   | OFG Bancorp COM                                                        | CUSIP: 67103X102<br>LEI: 549300Q4QEXJ37LEXQ06 | Long             | EC               | CORP              | PR        |     12803 | NS      | $518009.38    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| KB Home                                       | KB Home COM                                                            | CUSIP: 48666K109<br>LEI: 549300LGUCWQURMWLG09 | Long             | EC               | CORP              | US        |      3937 | NS      | $203739.75    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Deluxe Corporation                            | Deluxe Corporation COM                                                 | CUSIP: 248019101<br>LEI: KWGNKB8TX9LE5TV29231 | Long             | EC               | CORP              | US        |     12270 | NS      | $337915.80    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Benchmark Electronics, Inc.                   | Benchmark Electronics, Inc. COM                                        | CUSIP: 08160H101<br>LEI: 549300W18RHYZOZKOP53 | Long             | EC               | CORP              | US        |      7634 | NS      | $427962.04    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| ScanSource Inc.                               | ScanSource Inc. COM                                                    | CUSIP: 806037107<br>LEI: 7FHBAN017QDY4K2KP156 | Long             | EC               | CORP              | US        |      8923 | NS      | $323904.90    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Teekay Corporation Ltd.                       | Teekay Corporation Ltd. SHS                                            | CUSIP: 000000000<br>LEI: YHKQM2RIPKZYOZ6RVZ46 | Long             | EC               | CORP              | BM        |     48153 | NS      | $587948.13    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Adaptive Biotechnologies Corp                 | Adaptive Biotechnologies Corp COM                                      | CUSIP: 00650F109<br>LEI: 549300ZTF7OT1FW66Q96 | Long             | EC               | CORP              | US        |     25130 | NS      | $348804.40    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| The Realreal Inc                              | The Realreal Inc COM                                                   | CUSIP: 88339P101<br>LEI: 549300O00VUGT4H1PE90 | Long             | EC               | CORP              | US        |     21814 | NS      | $198071.12    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Covista Inc.                                  | Covista Inc. COM                                                       | CUSIP: 00737L103<br>LEI: 549300Z467EZLMODV621 | Long             | EC               | CORP              | US        |      5569 | NS      | $641827.25    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Perdoceo Education Corp.                      | Perdoceo Education Corp. COM                                           | CUSIP: 71363P106<br>LEI: 529900X5PCA184O9LY90 | Long             | EC               | CORP              | US        |     13481 | NS      | $501628.01    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Amneal Pharmaceuticals Inc                    | Amneal Pharmaceuticals Inc COM STK CL A                                | CUSIP: 03168L105<br>LEI: 549300VV176ZO5WQHZ61 | Long             | EC               | CORP              | US        |     18658 | NS      | $231918.94    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Embecta Corp.                                 | Embecta Corp. COMMON STOCK                                             | CUSIP: 29082K105<br>LEI: 549300RPG8GXVDHNXZ62 | Long             | EC               | CORP              | US        |     19579 | NS      | $173078.36    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Associated Banc-Corp                          | Associated Banc-Corp COM                                               | CUSIP: 045487105<br>LEI: 549300N3CIN473IW5094 | Long             | EC               | CORP              | US        |     13692 | NS      | $354075.12    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| INDEPENDENT BANK CORP (MICHIGAN)              | Independent Bank Corp Michigan COM NEW                                 | CUSIP: 453838609<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5112 | NS      | $170229.60    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Moog Inc.                                     | Moog Inc. CL A                                                         | CUSIP: 615394202<br>LEI: 549300WM2I4U7OBAHG07 | Long             | EC               | CORP              | US        |      3285 | NS      | $961322.40    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Stitch Fix Inc                                | Stitch Fix Inc COM CL A                                                | CUSIP: 860897107<br>LEI: 549300TNHOVBOJZIYE72 | Long             | EC               | CORP              | US        |     74972 | NS      | $248157.32    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Cal-Maine Foods Inc.                          | Cal-Maine Foods Inc. COM NEW                                           | CUSIP: 128030202<br>LEI: 549300NHE5WMIEIEMF53 | Long             | EC               | CORP              | US        |      7822 | NS      | $619111.30    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Mirum Pharmaceuticals Inc.                    | Mirum Pharmaceuticals Inc. COM                                         | CUSIP: 604749101<br>LEI: 254900YZKR40F7F27K81 | Long             | EC               | CORP              | US        |      2776 | NS      | $256446.88    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Southwest Gas Holdings Inc                    | Southwest Gas Holdings Inc COM                                         | CUSIP: 844895102<br>LEI: 254900LKF9EV0CUKNE09 | Long             | EC               | CORP              | US        |      5216 | NS      | $453270.40    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Customers Bancorp, Inc.                       | Customers Bancorp, Inc. COM                                            | CUSIP: 23204G100<br>LEI: 549300WLBCHYKZ53FN68 | Long             | EC               | CORP              | US        |      7420 | NS      | $515022.20    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| MAGNOLIA OIL & GAS CORP                       | Magnolia Oil & Gas Corporation CL A                                    | CUSIP: 559663109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7991 | NS      | $252275.87    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Fabrinet                                      | Fabrinet COM USD0.01                                                   | CUSIP: 000000000<br>LEI: 5493004TETZ6IYF7CV44 | Long             | EC               | CORP              | KY        |      2003 | NS      | $1044604.56   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| COSTAMARE INC                                 | Costamare Inc. COM USD0.0001                                           | CUSIP: 000000000<br>LEI: 5299003L6NPTZ25LN818 | Long             | EC               | CORP              | MH        |     40662 | NS      | $687187.80    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Tutor Perini Corporation                      | Tutor Perini Corporation COM                                           | CUSIP: 901109108<br>LEI: 549300FHXYVPW8LJ6D98 | Long             | EC               | CORP              | US        |     13439 | NS      | $1037356.41   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Winnebago Industries Inc.                     | Winnebago Industries Inc. COM                                          | CUSIP: 974637100<br>LEI: 549300B7OYKYJLTE3G11 | Long             | EC               | CORP              | US        |     20522 | NS      | $635976.78    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| SUPER GROUP (SGHC) LTD                        | Super Group Sghc Limited ORD SHS                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | GG        |     58460 | NS      | $631368.00    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Piper Sandler Companies                       | Piper Sandler Companies COM NEW                                        | CUSIP: 724078209<br>LEI: QUQDBTUSOAKFEVMRMF78 | Long             | EC               | CORP              | US        |      9708 | NS      | $743147.40    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| American Eagle Outfitters Inc.                | American Eagle Outfitters Inc. COM                                     | CUSIP: 02553E106<br>LEI: 5299001Z9HXK01DHW793 | Long             | EC               | CORP              | US        |     28024 | NS      | $468000.80    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| ASSERTIO HOLDINGS CVR                         | ASSERTIO HOLDINGS CVR                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     62783 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Ironwood Pharmaceuticals, Inc.                | Ironwood Pharmaceuticals, Inc. COM CL A                                | CUSIP: 46333X108<br>LEI: 549300PC8MR6QHH6P296 | Long             | EC               | CORP              | US        |     71170 | NS      | $249806.70    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST BANCORP (PUERTO RICO)                   | First Bancorp Puerto Rico COM NEW                                      | CUSIP: 318672706<br>LEI: N/A                  | Long             | EC               | CORP              | PR        |     31579 | NS      | $674527.44    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERDIGITAL INC                              | InterDigital, Inc. COM                                                 | CUSIP: 45867G101<br>LEI: 529900HQAUTC3VI47G64 | Long             | EC               | CORP              | US        |      3422 | NS      | $1033444.00   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| TEEKAY TANKERS LTD                            | Teekay Tankers Ltd. CL A                                               | CUSIP: 000000000<br>LEI: 549300DE8ZAIYS2T6Q22 | Long             | EC               | CORP              | BM        |      7904 | NS      | $579521.28    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Rambus Inc.                                   | Rambus Inc. COM                                                        | CUSIP: 750917106<br>LEI: 2549000211GDCQSLV833 | Long             | EC               | CORP              | US        |     11289 | NS      | $971192.67    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Mannkind Corporation                          | Mannkind Corporation COM NEW                                           | CUSIP: 56400P706<br>LEI: 213800GFBCNY1ZFST722 | Long             | EC               | CORP              | US        |     23059 | NS      | $56494.55     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Spire Inc                                     | Spire Inc COM                                                          | CUSIP: 84857L101<br>LEI: 549300NXSY15DRY2R511 | Long             | EC               | CORP              | US        |      4288 | NS      | $388235.52    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Cabot Corporation                             | Cabot Corporation COM                                                  | CUSIP: 127055101<br>LEI: K05C0SER542GQ6VLRO68 | Long             | EC               | CORP              | US        |      4713 | NS      | $354936.03    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| SIGNET JEWELERS LTD                           | Signet Jewelers Limited COM STK USD0.18                                | CUSIP: 000000000<br>LEI: 549300N3XPGE91WV7M22 | Long             | EC               | CORP              | BM        |      6856 | NS      | $580291.84    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| SiriusPoint Ltd                               | SiriusPoint Ltd COM USD0.1                                             | CUSIP: 000000000<br>LEI: 549300OGXFI85N3YZZ51 | Long             | EC               | CORP              | BM        |     29490 | NS      | $635214.60    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| BEL Fuse Inc                                  | BEL Fuse Inc CL B                                                      | CUSIP: 077347300<br>LEI: 2549009L4XYDBRRY6X39 | Long             | EC               | CORP              | US        |      4052 | NS      | $802214.96    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Credo Technology Group Holding Ltd            | Credo Technology Group Holding Ltd ORDINARY SHARES                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     11593 | NS      | $1088234.91   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Allient Inc                                   | Allient Inc COM                                                        | CUSIP: 019330109<br>LEI: 549300I2LHAWYGNBPM97 | Long             | EC               | CORP              | US        |      2086 | NS      | $123261.74    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Tactile Systems Technology Inc.               | Tactile Systems Technology Inc. COM                                    | CUSIP: 87357P100<br>LEI: 54930069VDTITHOTKJ98 | Long             | EC               | CORP              | US        |     21889 | NS      | $571959.57    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Genworth Financial Inc.                       | Genworth Financial Inc. COM SHS                                        | CUSIP: 37247D106<br>LEI: 549300EMCG286BDNKJ33 | Long             | EC               | CORP              | US        |     69494 | NS      | $564291.28    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| NEXTPOWER INC                                 | Nextpower Inc. CLASS A COM                                             | CUSIP: 65290E101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     13046 | NS      | $1572695.30   | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-05-27

**Name of Applicant:** Legg Mason Global Asset Management Trust

**Signature:** Christopher Berarducci

**Name of Signer:** Christopher Berarducci

**Title:** Principal Financial Officer