# EDGAR Filing Document

**Accession Number:** 0000906352
**File Stem:** 0002071691-25-010097
**Filing Date:** 2025-12
**Character Count:** 86201
**Document Hash:** e3a8a92ab53c54730be15846f9f45f2c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-25-010097.hdr.sgml**: 20251229

**ACCESSION NUMBER**: 0002071691-25-010097

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20251229

**DATE AS OF CHANGE**: 20251229

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FIRST EAGLE FUNDS
- **CENTRAL INDEX KEY:** 0000906352

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07762
- **FILM NUMBER:** 251608591

**BUSINESS ADDRESS:**
- **STREET 1:** 1345 AVENUE OF THE AMERICAS
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10105
- **BUSINESS PHONE:** 212-698-3393

**MAIL ADDRESS:**
- **STREET 1:** 1345 AVENUE OF THE AMERICAS
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10105

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FIRST EAGLE  FUNDS INC
- **DATE OF NAME CHANGE:** 20030103

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** FIRST EAGLE SOGEN FUNDS INC
- **DATE OF NAME CHANGE:** 20000403

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SOGEN FUNDS INC
- **DATE OF NAME CHANGE:** 19930714

## Series and Classes Contracts Data

### First Eagle Small Cap Opportunity Fund (Series ID: S000072438)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000228685 | Class R6     | FESRX           |
| C000228686 | Class A      | FESAX           |
| C000228687 | Class I      | FESCX           |
| C000260318 | Class C      | FECCX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** First Eagle Funds

- **b. Investment Company Act file number:** 811-07762

- **c. CIK number of Registrant:** 0000906352

- **d. LEI of Registrant:** 549300FE2F4XF7FZN136

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

  - **Street Address 1:** 1345 Avenue of the Americas

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10105

  - **Telephone number:** 800-334-2143

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

- **a. Name of Series:** First Eagle Small Cap Opportunity Fund

- **b. EDGAR series identifier (if any):** S000072438

- **c. LEI of Series:** 549300XYTAXPWI1QOH17

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

- **a. Date of fiscal year-end:** 2025-10-31

- **b. Date as of which information is reported:** 2025-10-31

**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:** $1760713242.33

**Total Liabilities:** $5880017.88

**Net Assets:** $1754833224.45

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000228686 | 3.04%                | -2.55%               | -4.64%               |
| Class ID C000228687 | 8.40%                | 2.67%                | 0.35%                |
| Class ID C000228685 | 8.49%                | 2.58%                | 0.35%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $9391040.43              | $124884070.16                              |
| Month 2  | $21734199.61             | $22865806.53                               |
| Month 3  | $-10535255.08            | $17149727.15                               |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                                      | Title                                        | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Radian Group, Inc.                        | Radian Group, Inc.                           | CUSIP: 750236101<br>LEI: 54930005OUP720S5U385 | Long             | EC               | CORP              | US        |    202775 | NS      | $6882183.50   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Thermon Group Holdings, Inc.              | Thermon Group Holdings, Inc.                 | CUSIP: 88362T103<br>LEI: 529900ZNZBBLDE77MZ38 | Long             | EC               | CORP              | US        |    350703 | NS      | $10075697.19  | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Trinity Industries, Inc.                  | Trinity Industries, Inc.                     | CUSIP: 896522109<br>LEI: R1JB4KXN77XFCXOQKV49 | Long             | EC               | CORP              | US        |    347211 | NS      | $9503165.07   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Helix Energy Solutions Group, Inc.        | Helix Energy Solutions Group, Inc.           | CUSIP: 42330P107<br>LEI: 416AP2JOUTCWEGSOZW41 | Long             | EC               | CORP              | US        |    487515 | NS      | $3276100.80   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Holley, Inc.                              | Holley, Inc.                                 | CUSIP: 43538H103<br>LEI: 254900EEM9JI9G1A4D88 | Long             | EC               | CORP              | US        |    425160 | NS      | $1220209.20   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Douglas Elliman, Inc.                     | Douglas Elliman, Inc.                        | CUSIP: 25961D105<br>LEI: 549300BXICHPOXA1NO93 | Long             | EC               | CORP              | US        |   1421549 | NS      | $3511226.03   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Louisiana-Pacific Corp.                   | Louisiana-Pacific Corp.                      | CUSIP: 546347105<br>LEI: 549300C7E2UAO5BVRR75 | Long             | EC               | CORP              | US        |    160425 | NS      | $13974621.75  | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Xerox Holdings Corp.                      | Xerox Holdings Corp.                         | CUSIP: 98421M106<br>LEI: 5493000Y33XDVO2CXC18 | Long             | EC               | CORP              | US        |   1562761 | NS      | $5188366.52   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Silvaco Group, Inc.                       | Silvaco Group, Inc.                          | CUSIP: 82728C102<br>LEI: 89450009UUSWTJL6DP68 | Long             | EC               | CORP              | US        |    675001 | NS      | $3975755.89   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Ethan Allen Interiors, Inc.               | Ethan Allen Interiors, Inc.                  | CUSIP: 297602104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    219059 | NS      | $5294656.03   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Intrepid Potash, Inc.                     | Intrepid Potash, Inc.                        | CUSIP: 46121Y201<br>LEI: 549300OZ696E2PRRTO45 | Long             | EC               | CORP              | US        |    228777 | NS      | $6092331.51   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Aviat Networks, Inc.                      | Aviat Networks, Inc.                         | CUSIP: 05366Y201<br>LEI: 549300Z3X8Z4MK52CI65 | Long             | EC               | CORP              | US        |    332993 | NS      | $8311505.28   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| inTEST Corp.                              | inTEST Corp.                                 | CUSIP: 461147100<br>LEI: 549300RJJBPHDOAVDU15 | Long             | EC               | CORP              | US        |    355769 | NS      | $3016921.12   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Citizens, Inc.                            | Citizens, Inc., Class A                      | CUSIP: 174740100<br>LEI: 549300Z39SMLUE3VF522 | Long             | EC               | CORP              | US        |    515686 | NS      | $2872371.02   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| 908 Devices, Inc.                         | 908 Devices, Inc.                            | CUSIP: 65443P102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    555324 | NS      | $4431485.52   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Timken Co. (The)                          | Timken Co. (The)                             | CUSIP: 887389104<br>LEI: B0I35MLPFXZSE70ASS73 | Long             | EC               | CORP              | US        |     75063 | NS      | $5893196.13   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Axcelis Technologies, Inc.                | Axcelis Technologies, Inc.                   | CUSIP: 054540208<br>LEI: 529900HF9B6NL1QG9F05 | Long             | EC               | CORP              | US        |    113927 | NS      | $9064032.12   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Viemed Healthcare, Inc.                   | Viemed Healthcare, Inc.                      | CUSIP: 92663R105<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |    409065 | NS      | $2642559.90   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| ADTRAN Holdings, Inc.                     | ADTRAN Holdings, Inc.                        | CUSIP: 00486H105<br>LEI: 549300VV36J86CRRWF77 | Long             | EC               | CORP              | US        |   1062073 | NS      | $11066800.66  | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| El Pollo Loco Holdings, Inc.              | El Pollo Loco Holdings, Inc.                 | CUSIP: 268603107<br>LEI: 549300EZCBNF4G707K90 | Long             | EC               | CORP              | US        |    506447 | NS      | $5175888.34   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| RadNet, Inc.                              | RadNet, Inc.                                 | CUSIP: 750491102<br>LEI: 529900RECG94V2IZJ970 | Long             | EC               | CORP              | US        |     78501 | NS      | $5965290.99   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Airgain, Inc.                             | Airgain, Inc.                                | CUSIP: 00938A104<br>LEI: 549300LL8ZO53X8A5U98 | Long             | EC               | CORP              | US        |    408025 | NS      | $1754507.50   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Aspen Aerogels, Inc.                      | Aspen Aerogels, Inc.                         | CUSIP: 04523Y105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    561803 | NS      | $4573076.42   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Scorpio Tankers, Inc.                     | Scorpio Tankers, Inc.                        | CUSIP: N/A<br>LEI: 549300NVJUH16NXG8K87       | Long             | EC               | CORP              | MH        |    187310 | NS      | $11557027.00  | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Old National Bancorp                      | Old National Bancorp                         | CUSIP: 680033107<br>LEI: 549300MMK90CL5KMVX16 | Long             | EC               | CORP              | US        |    519108 | NS      | $10605376.44  | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Lakeland Industries, Inc.                 | Lakeland Industries, Inc.                    | CUSIP: 511795106<br>LEI: 549300HGP70IM9WKU164 | Long             | EC               | CORP              | US        |    234719 | NS      | $3863474.74   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Park-Ohio Holdings Corp.                  | Park-Ohio Holdings Corp.                     | CUSIP: 700666100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    363724 | NS      | $7503626.12   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Radiant Logistics, Inc.                   | Radiant Logistics, Inc.                      | CUSIP: 75025X100<br>LEI: 549300HWCW2HBOG4GN20 | Long             | EC               | CORP              | US        |    451590 | NS      | $2732119.50   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Titan International, Inc.                 | Titan International, Inc.                    | CUSIP: 88830M102<br>LEI: 254900CXRGBE7C4B5A06 | Long             | EC               | CORP              | US        |    544668 | NS      | $4112243.40   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Vishay Intertechnology, Inc.              | Vishay Intertechnology, Inc.                 | CUSIP: 928298108<br>LEI: 5493009O8F3QQJTCQR75 | Long             | EC               | CORP              | US        |    810178 | NS      | $13756822.44  | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Universal Electronics, Inc.               | Universal Electronics, Inc.                  | CUSIP: 913483103<br>LEI: 549300ZW9EULAR7T6F89 | Long             | EC               | CORP              | US        |    155597 | NS      | $605272.33    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| SEACOR Marine Holdings, Inc.              | SEACOR Marine Holdings, Inc.                 | CUSIP: 78413P101<br>LEI: 5493003LNKFW1W43N030 | Long             | EC               | CORP              | US        |    981711 | NS      | $6243681.96   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Lantronix, Inc.                           | Lantronix, Inc.                              | CUSIP: 516548203<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    107972 | NS      | $532301.96    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Cohu, Inc.                                | Cohu, Inc.                                   | CUSIP: 192576106<br>LEI: 529900FJPORJ3JJ2XS33 | Long             | EC               | CORP              | US        |    217506 | NS      | $5174467.74   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Graham Corp.                              | Graham Corp.                                 | CUSIP: 384556106<br>LEI: 254900EI9P4LTY524J77 | Long             | EC               | CORP              | US        |    266467 | NS      | $16598229.43  | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Aveanna Healthcare Holdings, Inc.         | Aveanna Healthcare Holdings, Inc.            | CUSIP: 05356F105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    693998 | NS      | $6280681.90   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Flexion, Inc.                             | Flexion, Inc., CVR                           | CUSIP: 339CVR011<br>LEI: N/A                  | Long             |  | CORP              | US        |     44841 | NS      | $0.04         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Allegiant Travel Co.                      | Allegiant Travel Co.                         | CUSIP: 01748X102<br>LEI: 549300JM9OZXOHWL2K18 | Long             | EC               | CORP              | US        |     12977 | NS      | $806909.86    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| NPK International, Inc.                   | NPK International, Inc.                      | CUSIP: 651718504<br>LEI: 54930073OHWDQW4DJN26 | Long             | EC               | CORP              | US        |    238424 | NS      | $2932615.20   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Spectrum Brands Holdings, Inc.            | Spectrum Brands Holdings, Inc.               | CUSIP: 84790A105<br>LEI: 549300JM0MJETDD30O20 | Long             | EC               | CORP              | US        |    165342 | NS      | $8908626.96   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| MGIC Investment Corp.                     | MGIC Investment Corp.                        | CUSIP: 552848103<br>LEI: 254900S8483WM4M98R28 | Long             | EC               | CORP              | US        |    343929 | NS      | $9430533.18   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Moelis & Co.                              | Moelis & Co., Class A                        | CUSIP: 60786M105<br>LEI: 549300891QNU7VTQUR83 | Long             | EC               | CORP              | US        |     69959 | NS      | $4430503.47   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Teleflex, Inc.                            | Teleflex, Inc.                               | CUSIP: 879369106<br>LEI: UUL85LWXB4NGSWWXIQ25 | Long             | EC               | CORP              | US        |     55080 | NS      | $6855807.60   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Taylor Morrison Home Corp.                | Taylor Morrison Home Corp., Class A          | CUSIP: 87724P106<br>LEI: 5299009UDLLGLKOOJE30 | Long             | EC               | CORP              | US        |    202173 | NS      | $11982793.71  | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Smart Sand, Inc.                          | Smart Sand, Inc.                             | CUSIP: 83191H107<br>LEI: 549300JISW1T66DVOK23 | Long             | EC               | CORP              | US        |    251059 | NS      | $539776.85    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| RXO, Inc.                                 | RXO, Inc.                                    | CUSIP: 74982T103<br>LEI: 549300KL8CA6GP8XPM30 | Long             | EC               | CORP              | US        |    301245 | NS      | $5341073.85   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Central Garden & Pet Co.                  | Central Garden & Pet Co., Class A            | CUSIP: 153527205<br>LEI: 5493004DVZLD37DJ0H83 | Long             | EC               | CORP              | US        |     54204 | NS      | $1507413.24   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| InfuSystem Holdings, Inc.                 | InfuSystem Holdings, Inc.                    | CUSIP: 45685K102<br>LEI: 549300F58N8PHJ4QUI59 | Long             | EC               | CORP              | US        |    679297 | NS      | $7037516.92   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Fabrinet                                  | Fabrinet                                     | CUSIP: N/A<br>LEI: 5493004TETZ6IYF7CV44       | Long             | EC               | CORP              | KY        |     35716 | NS      | $15735398.12  | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| ACCO Brands Corp.                         | ACCO Brands Corp.                            | CUSIP: 00081T108<br>LEI: JCT8P4Y190IH4I1NX328 | Long             | EC               | CORP              | US        |    758625 | NS      | $2852430.00   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Magnite, Inc.                             | Magnite, Inc.                                | CUSIP: 55955D100<br>LEI: 54930018FR2YX1HHSB02 | Long             | EC               | CORP              | US        |    236528 | NS      | $4229120.64   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Viavi Solutions, Inc.                     | Viavi Solutions, Inc.                        | CUSIP: 925550105<br>LEI: 5493006K3E3N1QOBF092 | Long             | EC               | CORP              | US        |    676972 | NS      | $11982404.40  | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Columbus McKinnon Corp.                   | Columbus McKinnon Corp.                      | CUSIP: 199333105<br>LEI: 549300W3HQB0HO1F3G69 | Long             | EC               | CORP              | US        |     32008 | NS      | $519489.84    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Natural Gas Services Group, Inc.          | Natural Gas Services Group, Inc.             | CUSIP: 63886Q109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    262544 | NS      | $7309224.96   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Boise Cascade Co.                         | Boise Cascade Co.                            | CUSIP: 09739D100<br>LEI: 549300Z8B8LSRHC7XA55 | Long             | EC               | CORP              | US        |    107761 | NS      | $7596072.89   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Interface, Inc.                           | Interface, Inc., Class A                     | CUSIP: 458665304<br>LEI: 549300VXZWQOIDFPU355 | Long             | EC               | CORP              | US        |    119156 | NS      | $2966984.40   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Concentra Group Holdings Parent, Inc.     | Concentra Group Holdings Parent, Inc.        | CUSIP: 20603L102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    283108 | NS      | $5639511.36   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Luxfer Holdings plc                       | Luxfer Holdings plc                          | CUSIP: N/A<br>LEI: 21380045UF5SJYZOXE41       | Long             | EC               | CORP              | GB        |    394362 | NS      | $4811216.40   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| LSB Industries, Inc.                      | LSB Industries, Inc.                         | CUSIP: 502160104<br>LEI: 5493001H215A0HG0MI71 | Long             | EC               | CORP              | US        |   1241291 | NS      | $10464083.13  | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Champion Homes, Inc.                      | Champion Homes, Inc.                         | CUSIP: 830830105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    104365 | NS      | $7120823.95   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| SI-BONE, Inc.                             | SI-BONE, Inc.                                | CUSIP: 825704109<br>LEI: 549300J8JGYVJJHV9C31 | Long             | EC               | CORP              | US        |    471278 | NS      | $6989052.74   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Aebi Schmidt Holding AG                   | Aebi Schmidt Holding AG                      | CUSIP: N/A<br>LEI: 506700TN58RT735OV464       | Long             | EC               | CORP              | CH        |    268528 | NS      | $2994087.20   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Healthcare Services Group, Inc.           | Healthcare Services Group, Inc.              | CUSIP: 421906108<br>LEI: 529900GVZ1D2FBYMS719 | Long             | EC               | CORP              | US        |    491487 | NS      | $8782872.69   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Kaltura, Inc.                             | Kaltura, Inc.                                | CUSIP: 483467106<br>LEI: 254900WYME0NSA8DVA41 | Long             | EC               | CORP              | US        |    139957 | NS      | $216933.35    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| LifeStance Health Group, Inc.             | LifeStance Health Group, Inc.                | CUSIP: 53228F101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1307486 | NS      | $6406681.40   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Vital Farms, Inc.                         | Vital Farms, Inc.                            | CUSIP: 92847W103<br>LEI: 549300S6NYY7ER3XOT61 | Long             | EC               | CORP              | US        |    247563 | NS      | $8132444.55   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Lincoln National Corp.                    | Lincoln National Corp.                       | CUSIP: 534187109<br>LEI: EFQMQROEDSNBRIP7LE47 | Long             | EC               | CORP              | US        |    359360 | NS      | $15093120.00  | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Lincoln Educational Services Corp.        | Lincoln Educational Services Corp.           | CUSIP: 533535100<br>LEI: 549300BJ55KUY6RG7L98 | Long             | EC               | CORP              | US        |    677950 | NS      | $13165789.00  | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan US Government Money Market Fund  | JPMorgan US Government Money Market Fund     | CUSIP: 4812C0670<br>LEI: 549300NQ5E5B7ZV4T516 | Long             | STIV             | RF                | US        |  91226352 | NS      | $91226352.44  | 5.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Old Republic International Corp.          | Old Republic International Corp.             | CUSIP: 680223104<br>LEI: 549300IV6O2YY2A1KH37 | Long             | EC               | CORP              | US        |    227495 | NS      | $8976952.70   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Brookdale Senior Living, Inc.             | Brookdale Senior Living, Inc.                | CUSIP: 112463104<br>LEI: LH7MQB13NWY7CJ9VC445 | Long             | EC               | CORP              | US        |   1709674 | NS      | $15848677.98  | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| HealthStream, Inc.                        | HealthStream, Inc.                           | CUSIP: 42222N103<br>LEI: 529900OJ88H8635JNH64 | Long             | EC               | CORP              | US        |    363183 | NS      | $8934301.80   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Alpha & Omega Semiconductor Ltd.          | Alpha & Omega Semiconductor Ltd.             | CUSIP: N/A<br>LEI: 5493001FE7J03YOV2V35       | Long             | EC               | CORP              | BM        |    286692 | NS      | $8044577.52   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Mayville Engineering Co., Inc.            | Mayville Engineering Co., Inc.               | CUSIP: 578605107<br>LEI: 9845008D43E42A7FC362 | Long             | EC               | CORP              | US        |    303588 | NS      | $5409938.16   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Bio-Rad Laboratories, Inc.                | Bio-Rad Laboratories, Inc., Class A          | CUSIP: 090572207<br>LEI: 549300ZC1GPV35XYDK53 | Long             | EC               | CORP              | US        |      4372 | NS      | $1397072.60   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Astronics Corp.                           | Astronics Corp.                              | CUSIP: 046433108<br>LEI: 549300NNXCF8H4MSMK17 | Long             | EC               | CORP              | US        |    206908 | NS      | $10175735.44  | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Ultra Clean Holdings, Inc.                | Ultra Clean Holdings, Inc.                   | CUSIP: 90385V107<br>LEI: 5493007L6LS7QX18PE75 | Long             | EC               | CORP              | US        |    352031 | NS      | $9649169.71   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Axis Capital Holdings Ltd.                | Axis Capital Holdings Ltd.                   | CUSIP: N/A<br>LEI: 635400VD2NQBYAHMEM55       | Long             | EC               | CORP              | BM        |     63467 | NS      | $5944319.22   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Clearwater Paper Corp.                    | Clearwater Paper Corp.                       | CUSIP: 18538R103<br>LEI: 549300HCVV19GXN4P292 | Long             | EC               | CORP              | US        |    137311 | NS      | $2423539.15   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson Outdoors, Inc.                    | Johnson Outdoors, Inc., Class A              | CUSIP: 479167108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    122517 | NS      | $4990117.41   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| CS Disco, Inc.                            | CS Disco, Inc.                               | CUSIP: 126327105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    261089 | NS      | $1650082.48   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| VSE Corp.                                 | VSE Corp.                                    | CUSIP: 918284100<br>LEI: 549300QWJYQDH4U5XI15 | Long             | EC               | CORP              | US        |     24332 | NS      | $4396305.76   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| GXO Logistics, Inc.                       | GXO Logistics, Inc.                          | CUSIP: 36262G101<br>LEI: 5493007CNWMXN78JRN66 | Long             | EC               | CORP              | US        |    105865 | NS      | $5950671.65   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| CareDx, Inc.                              | CareDx, Inc.                                 | CUSIP: 14167L103<br>LEI: 549300NQOFKL9NON0U06 | Long             | EC               | CORP              | US        |    433312 | NS      | $6499680.00   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Manitowoc Co., Inc. (The)                 | Manitowoc Co., Inc. (The)                    | CUSIP: 563571405<br>LEI: 2RTSLGQ89VMY18RHX631 | Long             | EC               | CORP              | US        |    728984 | NS      | $7413767.28   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Warby Parker, Inc.                        | Warby Parker, Inc., Class A                  | CUSIP: 93403J106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    399449 | NS      | $7825205.91   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Axos Financial, Inc.                      | Axos Financial, Inc.                         | CUSIP: 05465C100<br>LEI: 529900D8M56422GK9O25 | Long             | EC               | CORP              | US        |    120836 | NS      | $9422791.28   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Arq, Inc.                                 | Arq, Inc.                                    | CUSIP: 00770C101<br>LEI: 52990086HRJSW2EZQH40 | Long             | EC               | CORP              | US        |    211002 | NS      | $1401053.28   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Seacoast Banking Corp. of Florida         | Seacoast Banking Corp. of Florida            | CUSIP: 811707801<br>LEI: 549300V6IC06XYQYPG88 | Long             | EC               | CORP              | US        |    359259 | NS      | $10885547.70  | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| JBT Marel Corp.                           | JBT Marel Corp.                              | CUSIP: 477839104<br>LEI: 5493007CT6ATBZ2L6826 | Long             | EC               | CORP              | US        |     56053 | NS      | $7068283.30   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Nature's Sunshine Products, Inc.          | Nature's Sunshine Products, Inc.             | CUSIP: 639027101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    100969 | NS      | $1361062.12   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Seadrill Ltd.                             | Seadrill Ltd.                                | CUSIP: N/A<br>LEI: 213800EQ6L456U2JCO89       | Long             | EC               | CORP              | BM        |     43027 | NS      | $1357932.12   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| National Vision Holdings, Inc.            | National Vision Holdings, Inc.               | CUSIP: 63845R107<br>LEI: 549300JHURCBLI5ROA42 | Long             | EC               | CORP              | US        |    451606 | NS      | $11628854.50  | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Titan America SA                          | Titan America SA                             | CUSIP: N/A<br>LEI: 9845007APCB6462D6C46       | Long             | EC               | CORP              | BE        |    310078 | NS      | $4576751.28   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Pennant Group, Inc. (The)                 | Pennant Group, Inc. (The)                    | CUSIP: 70805E109<br>LEI: 5493007H2OYR6BYLDA64 | Long             | EC               | CORP              | US        |    386696 | NS      | $9562992.08   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| American Woodmark Corp.                   | American Woodmark Corp.                      | CUSIP: 030506109<br>LEI: 5299007PFSDWMA74RB56 | Long             | EC               | CORP              | US        |    113917 | NS      | $7259930.41   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Universal Technical Institute, Inc.       | Universal Technical Institute, Inc.          | CUSIP: 913915104<br>LEI: 2549003YOJGAZ0PVFV48 | Long             | EC               | CORP              | US        |    382685 | NS      | $11373398.20  | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| SPDR S&P Regional Banking ETF             | State Street SPDR S&P Regional Banking ETF   | CUSIP: 78464A698<br>LEI: 549300EFWJBKUN6WJX52 | Long             |  | RF                | US        |    148361 | NS      | $8901660.00   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| DoubleVerify Holdings, Inc.               | DoubleVerify Holdings, Inc.                  | CUSIP: 25862V105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    454611 | NS      | $5173473.18   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| AAR Corp.                                 | AAR Corp.                                    | CUSIP: 000361105<br>LEI: MP76T5YQX3YK5VVAQ802 | Long             | EC               | CORP              | US        |     43903 | NS      | $3697071.63   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Whitestone REIT                           | Whitestone REIT                              | CUSIP: 966084204<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    624292 | NS      | $7828621.68   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Janus International Group, Inc.           | Janus International Group, Inc.              | CUSIP: 47103N106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1002252 | NS      | $9621619.20   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Coeur Mining, Inc.                        | Coeur Mining, Inc.                           | CUSIP: 192108504<br>LEI: 5493003AVK173D48DR70 | Long             | EC               | CORP              | US        |   1249622 | NS      | $21456009.74  | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Murphy Oil Corp.                          | Murphy Oil Corp.                             | CUSIP: 626717102<br>LEI: QBKYQD0ODE7DC7PDIN91 | Long             | EC               | CORP              | US        |    237811 | NS      | $6730051.30   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| AdvanSix, Inc.                            | AdvanSix, Inc.                               | CUSIP: 00773T101<br>LEI: 5493009TPRODMCAZLF67 | Long             | EC               | CORP              | US        |    163526 | NS      | $3039948.34   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Transcat, Inc.                            | Transcat, Inc.                               | CUSIP: 893529107<br>LEI: 54930081E40TSSHUOS40 | Long             | EC               | CORP              | US        |     20384 | NS      | $1480897.60   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Riley Exploration Permian, Inc.           | Riley Exploration Permian, Inc.              | CUSIP: 76665T102<br>LEI: 5493008CUBI02XP43Q95 | Long             | EC               | CORP              | US        |    173500 | NS      | $4514470.00   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Kaiser Aluminum Corp.                     | Kaiser Aluminum Corp.                        | CUSIP: 483007704<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    132194 | NS      | $11967522.82  | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Profound Medical Corp.                    | Profound Medical Corp.                       | CUSIP: 74319B502<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |    261886 | NS      | $1589648.02   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Black Hills Corp.                         | Black Hills Corp.                            | CUSIP: 092113109<br>LEI: 3MGELCRSTNSAMJ962671 | Long             | EC               | CORP              | US        |    108145 | NS      | $6859637.35   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Outdoor Holding Co.                       | Outdoor Holding Co.                          | CUSIP: 00175J107<br>LEI: 549300WUBAV2G8RICP63 | Long             | EC               | CORP              | US        |   1667543 | NS      | $2668068.80   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Tile Shop Holdings, Inc.                  | Tile Shop Holdings, Inc.                     | CUSIP: 88677Q109<br>LEI: 549300Q3SS4FSW01UE50 | Long             | EC               | CORP              | US        |    266002 | NS      | $1665172.52   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Golar LNG Ltd.                            | Golar LNG Ltd.                               | CUSIP: N/A<br>LEI: 213800C2VSFZG3EZLO34       | Long             | EC               | CORP              | BM        |    247814 | NS      | $10172764.70  | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| RPC, Inc.                                 | RPC, Inc.                                    | CUSIP: 749660106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    292655 | NS      | $1521806.00   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Eagle Materials, Inc.                     | Eagle Materials, Inc.                        | CUSIP: 26969P108<br>LEI: 529900KRXRGXL61SG039 | Long             | EC               | CORP              | US        |     30481 | NS      | $6471725.92   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Ducommun, Inc.                            | Ducommun, Inc.                               | CUSIP: 264147109<br>LEI: 549300Z71HMWF90S2214 | Long             | EC               | CORP              | US        |    160288 | NS      | $14706424.00  | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Utz Brands, Inc.                          | Utz Brands, Inc.                             | CUSIP: 918090101<br>LEI: 5299009BHBU2NH5HRN16 | Long             | EC               | CORP              | US        |    647425 | NS      | $6817385.25   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Stewart Information Services Corp.        | Stewart Information Services Corp.           | CUSIP: 860372101<br>LEI: 529900TV1XI0PLKENU10 | Long             | EC               | CORP              | US        |    104792 | NS      | $7154149.84   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Insteel Industries, Inc.                  | Insteel Industries, Inc.                     | CUSIP: 45774W108<br>LEI: 52990026LKY4MOX3L174 | Long             | EC               | CORP              | US        |    352348 | NS      | $11007351.52  | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Ferroglobe plc                            | Ferroglobe plc                               | CUSIP: N/A<br>LEI: 2138005GCFJACFTZUD90       | Long             | EC               | CORP              | GB        |   1839983 | NS      | $8923917.55   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Rogers Corp.                              | Rogers Corp.                                 | CUSIP: 775133101<br>LEI: PW0CN80KNFR7RUOOKJ84 | Long             | EC               | CORP              | US        |     90167 | NS      | $7893219.18   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Materion Corp.                            | Materion Corp.                               | CUSIP: 576690101<br>LEI: 549300CJ5RI351SUYT02 | Long             | EC               | CORP              | US        |     41093 | NS      | $4710490.59   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| YETI Holdings, Inc.                       | YETI Holdings, Inc.                          | CUSIP: 98585X104<br>LEI: 549300DSQICIGNT5GO63 | Long             | EC               | CORP              | US        |    122538 | NS      | $4165066.62   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Century Communities, Inc.                 | Century Communities, Inc.                    | CUSIP: 156504300<br>LEI: 5299002QMB2O7ZL1CA26 | Long             | EC               | CORP              | US        |    194276 | NS      | $11539994.40  | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| SmartFinancial, Inc.                      | SmartFinancial, Inc.                         | CUSIP: 83190L208<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     87105 | NS      | $3046061.85   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Outfront Media, Inc.                      | Outfront Media, Inc.                         | CUSIP: 69007J304<br>LEI: 549300RZWDYU5722I639 | Long             | EC               | CORP              | US        |    708357 | NS      | $12530835.33  | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Simulations Plus, Inc.                    | Simulations Plus, Inc.                       | CUSIP: 829214105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    246592 | NS      | $4236450.56   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Mativ Holdings, Inc.                      | Mativ Holdings, Inc.                         | CUSIP: 808541106<br>LEI: 549300Z1FU4IDULG1R21 | Long             | EC               | CORP              | US        |    897323 | NS      | $9583409.64   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Flywire Corp.                             | Flywire Corp.                                | CUSIP: 302492103<br>LEI: 54930055DSV7NNY4VY66 | Long             | EC               | CORP              | US        |    245352 | NS      | $3268088.64   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Custom Truck One Source, Inc.             | Custom Truck One Source, Inc.                | CUSIP: 23204X103<br>LEI: 2549008QOVAS9KBZ4E50 | Long             | EC               | CORP              | US        |    675234 | NS      | $3977128.26   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| QXO, Inc.                                 | QXO, Inc.                                    | CUSIP: 82846H405<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    150901 | NS      | $2666420.67   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Sprinklr, Inc.                            | Sprinklr, Inc., Class A                      | CUSIP: 85208T107<br>LEI: 254900AR04RJ2BQO5S78 | Long             | EC               | CORP              | US        |    953280 | NS      | $7359321.60   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Vishay Precision Group, Inc.              | Vishay Precision Group, Inc.                 | CUSIP: 92835K103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    216519 | NS      | $8110801.74   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Ciena Corp.                               | Ciena Corp.                                  | CUSIP: 171779309<br>LEI: W0CZ7N0GH8UIGXDM1H41 | Long             | EC               | CORP              | US        |     54069 | NS      | $10268784.48  | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Sanmina Corp.                             | Sanmina Corp.                                | CUSIP: 801056102<br>LEI: X5K24XLM8QYRXF00EB42 | Long             | EC               | CORP              | US        |     40314 | NS      | $5525033.70   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Five9, Inc.                               | Five9, Inc.                                  | CUSIP: 338307101<br>LEI: 254900MXP6EWY0SFFR59 | Long             | EC               | CORP              | US        |    300306 | NS      | $7291429.68   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameris Bancorp                            | Ameris Bancorp                               | CUSIP: 03076K108<br>LEI: PBJHNT51T5V6G5UQFV42 | Long             | EC               | CORP              | US        |    174657 | NS      | $12508934.34  | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Strata Critical Medical, Inc.             | Strata Critical Medical, Inc.                | CUSIP: 092667104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1731223 | NS      | $8708051.69   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| TIC Solutions, Inc.                       | TIC Solutions, Inc.                          | CUSIP: 00510N102<br>LEI: 213800ZDFRNC8QXEZ481 | Long             | EC               | CORP              | US        |    218329 | NS      | $2648330.77   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| FTAI Infrastructure, Inc.                 | FTAI Infrastructure, Inc.                    | CUSIP: 35953C106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1870636 | NS      | $9989196.24   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| UMH Properties, Inc.                      | UMH Properties, Inc.                         | CUSIP: 903002103<br>LEI: 529900OM5K3PJ11F0Q09 | Long             | EC               | CORP              | US        |    596923 | NS      | $8679260.42   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| NMI Holdings, Inc.                        | NMI Holdings, Inc., Class A                  | CUSIP: 629209305<br>LEI: 529900KNNGFXJX1C3Z08 | Long             | EC               | CORP              | US        |    239139 | NS      | $8711833.77   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Installed Building Products, Inc.         | Installed Building Products, Inc.            | CUSIP: 45780R101<br>LEI: 549300I95Y9P9YM5FI86 | Long             | EC               | CORP              | US        |     53559 | NS      | $13294950.57  | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| SunOpta, Inc.                             | SunOpta, Inc.                                | CUSIP: 8676EP108<br>LEI: 54930010CP0KEPPRPA40 | Long             | EC               | CORP              | CA        |    559315 | NS      | $2919624.30   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Commercial Metals Co.                     | Commercial Metals Co.                        | CUSIP: 201723103<br>LEI: 549300OQS2LO07ZJ7N73 | Long             | EC               | CORP              | US        |    235131 | NS      | $13957376.16  | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Eastman Kodak Co.                         | Eastman Kodak Co.                            | CUSIP: 277461406<br>LEI: 549300P7J8F3SSMY3E81 | Long             | EC               | CORP              | US        |    670857 | NS      | $4253233.38   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| EverQuote, Inc.                           | EverQuote, Inc., Class A                     | CUSIP: 30041R108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    221724 | NS      | $4775934.96   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameresco, Inc.                            | Ameresco, Inc., Class A                      | CUSIP: 02361E108<br>LEI: 529900NZXZGBCBXYY327 | Long             | EC               | CORP              | US        |    576765 | NS      | $22793752.80  | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| M/I Homes, Inc.                           | M/I Homes, Inc.                              | CUSIP: 55305B101<br>LEI: 5299005M71FH9CCSFB69 | Long             | EC               | CORP              | US        |     48959 | NS      | $6129177.21   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Avidbank Holdings, Inc.                   | Avidbank Holdings, Inc.                      | CUSIP: 05368J103<br>LEI: 54930029UJ8M0B84EE44 | Long             | EC               | CORP              | US        |    101858 | NS      | $2661549.54   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| QuinStreet, Inc.                          | QuinStreet, Inc.                             | CUSIP: 74874Q100<br>LEI: 549300TP8MFBFPOS4Y78 | Long             | EC               | CORP              | US        |    219332 | NS      | $3243920.28   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Tanger, Inc.                              | Tanger, Inc.                                 | CUSIP: 875465106<br>LEI: UKEW8YSXE4Y581KYOL30 | Long             | EC               | CORP              | US        |    155196 | NS      | $5053181.76   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Trivago NV                                | Trivago NV                                   | CUSIP: 89686D303<br>LEI: 391200MJ56OU7D3JM080 | Long             | EC               | CORP              | NL        |    196275 | NS      | $632005.50    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| LSI Industries, Inc.                      | LSI Industries, Inc.                         | CUSIP: 50216C108<br>LEI: 529900HY42OANH6BVT33 | Long             | EC               | CORP              | US        |    256142 | NS      | $5863090.38   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| CECO Environmental Corp.                  | CECO Environmental Corp.                     | CUSIP: 125141101<br>LEI: 5493002CZCTL4HGLIY91 | Long             | EC               | CORP              | US        |    366311 | NS      | $17908944.79  | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Beazer Homes USA, Inc.                    | Beazer Homes USA, Inc.                       | CUSIP: 07556Q881<br>LEI: 549300DUPYT2T0F60I45 | Long             | EC               | CORP              | US        |    585702 | NS      | $13119724.80  | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Artivion, Inc.                            | Artivion, Inc.                               | CUSIP: 228903100<br>LEI: 549300YTKV8DMSMG6K81 | Long             | EC               | CORP              | US        |    291333 | NS      | $13217778.21  | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Maravai LifeSciences Holdings, Inc.       | Maravai LifeSciences Holdings, Inc., Class A | CUSIP: 56600D107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    890386 | NS      | $2795812.04   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Backblaze, Inc.                           | Backblaze, Inc., Class A                     | CUSIP: 05637B105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    906295 | NS      | $9343901.45   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Hooker Furnishings Corp.                  | Hooker Furnishings Corp.                     | CUSIP: 439038100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    314728 | NS      | $2857730.24   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Dorman Products, Inc.                     | Dorman Products, Inc.                        | CUSIP: 258278100<br>LEI: 2549000O0BBUX740XR59 | Long             | EC               | CORP              | US        |     14288 | NS      | $1916449.44   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Sonic Automotive, Inc.                    | Sonic Automotive, Inc., Class A              | CUSIP: 83545G102<br>LEI: 549300NTLRGJ2JCBZU03 | Long             | EC               | CORP              | US        |     72693 | NS      | $4618186.29   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Digi International, Inc.                  | Digi International, Inc.                     | CUSIP: 253798102<br>LEI: 529900KG656HGROI4N27 | Long             | EC               | CORP              | US        |    156493 | NS      | $5740163.24   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Phoenix Education Partners, Inc.          | Phoenix Education Partners, Inc.             | CUSIP: 718968100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     65569 | NS      | $2422774.55   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Axogen, Inc.                              | Axogen, Inc.                                 | CUSIP: 05463X106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    394480 | NS      | $8765345.60   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| PBF Energy, Inc.                          | PBF Energy, Inc., Class A                    | CUSIP: 69318G106<br>LEI: 2549003PBEDCSZMZIY02 | Long             | EC               | CORP              | US        |    478124 | NS      | $16337497.08  | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Perella Weinberg Partners                 | Perella Weinberg Partners, Class A           | CUSIP: 71367G102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    502775 | NS      | $9391837.00   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Belden, Inc.                              | Belden, Inc.                                 | CUSIP: 077454106<br>LEI: 68BKYO1JC791TTJHUE82 | Long             | EC               | CORP              | US        |     68720 | NS      | $8373532.00   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| ABM Industries, Inc.                      | ABM Industries, Inc.                         | CUSIP: 000957100<br>LEI: QF02R89VEIOROM77J447 | Long             | EC               | CORP              | US        |     61020 | NS      | $2623860.00   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Energy Industries, Inc.          | Advanced Energy Industries, Inc.             | CUSIP: 007973100<br>LEI: 549300756XI3QLFT2U27 | Long             | EC               | CORP              | US        |     99218 | NS      | $20114465.14  | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| ProPetro Holding Corp.                    | ProPetro Holding Corp.                       | CUSIP: 74347M108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    427000 | NS      | $4432260.00   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Red River Bancshares, Inc.                | Red River Bancshares, Inc.                   | CUSIP: 75686R202<br>LEI: 549300SO63STZV7UHM15 | Long             | EC               | CORP              | US        |     28319 | NS      | $1870753.14   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Ramaco Resources, Inc.                    | Ramaco Resources, Inc., Class B              | CUSIP: 75134P501<br>LEI: 5493001BYUI4TCQOPF70 | Long             | EC               | CORP              | US        |    339521 | NS      | $4984168.28   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Macerich Co. (The)                        | Macerich Co. (The)                           | CUSIP: 554382101<br>LEI: 529900PSWCB5KI0JYU46 | Long             | EC               | CORP              | US        |    148547 | NS      | $2547581.05   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Forestar Group, Inc.                      | Forestar Group, Inc.                         | CUSIP: 346232101<br>LEI: 549300BC2UB0GHV60V70 | Long             | EC               | CORP              | US        |    433454 | NS      | $11274138.54  | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Columbia Banking System, Inc.             | Columbia Banking System, Inc.                | CUSIP: 197236102<br>LEI: 254900CTRJTQZ3BJ2V17 | Long             | EC               | CORP              | US        |     96180 | NS      | $2577624.00   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| SimilarWeb Ltd.                           | SimilarWeb Ltd.                              | CUSIP: N/A<br>LEI: 254900GWO7PNBAYCPJ12       | Long             | EC               | CORP              | IL        |    645567 | NS      | $5519597.85   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Benchmark Electronics, Inc.               | Benchmark Electronics, Inc.                  | CUSIP: 08160H101<br>LEI: 549300W18RHYZOZKOP53 | Long             | EC               | CORP              | US        |    208277 | NS      | $9126698.14   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| National CineMedia, Inc.                  | National CineMedia, Inc.                     | CUSIP: 635309206<br>LEI: 5493000MOLIVSOGKEB48 | Long             | EC               | CORP              | US        |    725292 | NS      | $3205790.64   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Avnet, Inc.                               | Avnet, Inc.                                  | CUSIP: 053807103<br>LEI: XJI53DCPL7QABOWK4Z75 | Long             | EC               | CORP              | US        |     93423 | NS      | $4526344.35   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Talkspace, Inc.                           | Talkspace, Inc.                              | CUSIP: 87427V103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1867121 | NS      | $6030800.83   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Geospace Technologies Corp.               | Geospace Technologies Corp.                  | CUSIP: 37364X109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    435750 | NS      | $11041905.00  | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Remitly Global, Inc.                      | Remitly Global, Inc.                         | CUSIP: 75960P104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    270372 | NS      | $4336766.88   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| FormFactor, Inc.                          | FormFactor, Inc.                             | CUSIP: 346375108<br>LEI: 549300YCEEO6SZD1ZR61 | Long             | EC               | CORP              | US        |    264789 | NS      | $14550155.55  | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Clarus Corp.                              | Clarus Corp.                                 | CUSIP: 18270P109<br>LEI: 549300PKSLI6PT0ULL72 | Long             | EC               | CORP              | US        |    750397 | NS      | $2506325.98   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Navigator Holdings Ltd.                   | Navigator Holdings Ltd.                      | CUSIP: N/A<br>LEI: 213800H7RVOFYARK2W19       | Long             | EC               | CORP              | MH        |    607969 | NS      | $9995010.36   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Albany International Corp.                | Albany International Corp., Class A          | CUSIP: 012348108<br>LEI: L73WCPNCZIRSQGZTW097 | Long             | EC               | CORP              | US        |     69503 | NS      | $3932479.74   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| TriMas Corp.                              | TriMas Corp.                                 | CUSIP: 896215209<br>LEI: 75G1WUQ8QK4P5MZOYD78 | Long             | EC               | CORP              | US        |    260010 | NS      | $9238155.30   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Hinge Health, Inc.                        | Hinge Health, Inc., Class A                  | CUSIP: 433313103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    119995 | NS      | $5970951.20   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| NetScout Systems, Inc.                    | NetScout Systems, Inc.                       | CUSIP: 64115T104<br>LEI: 5493005HZXZ3SPNVCV76 | Long             | EC               | CORP              | US        |    184081 | NS      | $5117451.80   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| KVH Industries, Inc.                      | KVH Industries, Inc.                         | CUSIP: 482738101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    185431 | NS      | $1107023.07   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Beta Bionics, Inc.                        | Beta Bionics, Inc.                           | CUSIP: 08659B102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    219205 | NS      | $5966760.10   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| MarineMax, Inc.                           | MarineMax, Inc.                              | CUSIP: 567908108<br>LEI: 254900TIXTN8WY3FNN63 | Long             | EC               | CORP              | US        |    238776 | NS      | $5914481.52   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Inseego Corp.                             | Inseego Corp.                                | CUSIP: 45782B302<br>LEI: 549300E27VG1NWGNA141 | Long             | EC               | CORP              | US        |    168367 | NS      | $2801626.88   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Arcosa, Inc.                              | Arcosa, Inc.                                 | CUSIP: 039653100<br>LEI: 549300WFHLTCZV7D6V29 | Long             | EC               | CORP              | US        |    111180 | NS      | $11340360.00  | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Mama's Creations, Inc.                    | Mama's Creations, Inc.                       | CUSIP: 56146T103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1171415 | NS      | $12405284.85  | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Harmonic, Inc.                            | Harmonic, Inc.                               | CUSIP: 413160102<br>LEI: 549300LRGRD8XC9BTL66 | Long             | EC               | CORP              | US        |    715953 | NS      | $7660697.10   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| NETGEAR, Inc.                             | NETGEAR, Inc.                                | CUSIP: 64111Q104<br>LEI: 54930067KX3UNRHDWA78 | Long             | EC               | CORP              | US        |    135925 | NS      | $4719316.00   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Dime Community Bancshares, Inc.           | Dime Community Bancshares, Inc.              | CUSIP: 25432X102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    228583 | NS      | $6000303.75   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphatec Holdings, Inc.                   | Alphatec Holdings, Inc.                      | CUSIP: 02081G201<br>LEI: 549300EZE8CQ8K65FS24 | Long             | EC               | CORP              | US        |    613332 | NS      | $11647174.68  | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| WESCO International, Inc.                 | WESCO International, Inc.                    | CUSIP: 95082P105<br>LEI: 529900TXOGREY3WNJ434 | Long             | EC               | CORP              | US        |     57046 | NS      | $14805148.38  | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Diana Shipping, Inc.                      | Diana Shipping, Inc.                         | CUSIP: N/A<br>LEI: 549300XD7FHNJ0THIV12       | Long             | EC               | CORP              | MH        |     52451 | NS      | $91789.25     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Alta Equipment Group, Inc.                | Alta Equipment Group, Inc.                   | CUSIP: 02128L106<br>LEI: 549300DGOB28CLGS1X27 | Long             | EC               | CORP              | US        |    685234 | NS      | $4193632.08   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Titan Machinery, Inc.                     | Titan Machinery, Inc.                        | CUSIP: 88830R101<br>LEI: 549300835ZM8G0BT5C94 | Long             | EC               | CORP              | US        |    660170 | NS      | $10826788.00  | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Silicon Motion Technology Corp.           | Silicon Motion Technology Corp.              | CUSIP: 82706C108<br>LEI: 5299005RBVBZQJTYFC89 | Long             | EC               | CORP              | KY        |    131659 | NS      | $12917064.49  | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Century Aluminum Co.                      | Century Aluminum Co.                         | CUSIP: 156431108<br>LEI: 549300U5ODNGEYWKSW73 | Long             | EC               | CORP              | US        |    294100 | NS      | $8711242.00   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Fossil Group, Inc.                        | Fossil Group, Inc.                           | CUSIP: 34988V106<br>LEI: DDMY8YZ6L8UEMS1FDM73 | Long             | EC               | CORP              | US        |    525810 | NS      | $1093684.80   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Smith Douglas Homes Corp.                 | Smith Douglas Homes Corp., Class A           | CUSIP: 83207R107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    309637 | NS      | $5409358.39   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Veeco Instruments, Inc.                   | Veeco Instruments, Inc.                      | CUSIP: 922417100<br>LEI: 5493004201F72ADDZW04 | Long             | EC               | CORP              | US        |    416787 | NS      | $11982626.25  | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| OSI Systems, Inc.                         | OSI Systems, Inc.                            | CUSIP: 671044105<br>LEI: DDX3MPX1Y8YD30050X33 | Long             | EC               | CORP              | US        |     25277 | NS      | $7038633.42   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| DNOW, Inc.                                | DNOW, Inc.                                   | CUSIP: 67011P100<br>LEI: 549300AVH5SOCFVVDW91 | Long             | EC               | CORP              | US        |    203499 | NS      | $2991435.30   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Chefs' Warehouse, Inc. (The)              | Chefs' Warehouse, Inc. (The)                 | CUSIP: 163086101<br>LEI: 549300JYEDC8C547E980 | Long             | EC               | CORP              | US        |    133357 | NS      | $7868063.00   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Ambiq Micro, Inc.                         | Ambiq Micro, Inc.                            | CUSIP: 023193105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     91419 | NS      | $2793764.64   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Hecla Mining Co.                          | Hecla Mining Co.                             | CUSIP: 422704106<br>LEI: 5493009Y6HOBZD1QD537 | Long             | EC               | CORP              | US        |   1415776 | NS      | $18221037.12  | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Astec Industries, Inc.                    | Astec Industries, Inc.                       | CUSIP: 046224101<br>LEI: 5493002DO2QKHLKB2A48 | Long             | EC               | CORP              | US        |    260801 | NS      | $12135070.53  | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| ONE Gas, Inc.                             | ONE Gas, Inc.                                | CUSIP: 68235P108<br>LEI: 549300HXDWI0LATTX840 | Long             | EC               | CORP              | US        |     88840 | NS      | $7124079.60   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| TTM Technologies, Inc.                    | TTM Technologies, Inc.                       | CUSIP: 87305R109<br>LEI: 549300SC4BDOIS008048 | Long             | EC               | CORP              | US        |    300316 | NS      | $20181235.20  | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Cheesecake Factory, Inc. (The)            | Cheesecake Factory, Inc. (The)               | CUSIP: 163072101<br>LEI: 529900872XMLK10SY247 | Long             | EC               | CORP              | US        |     76132 | NS      | $3791373.60   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| OneWater Marine, Inc.                     | OneWater Marine, Inc., Class A               | CUSIP: 68280L101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    244736 | NS      | $3800750.08   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Webster Financial Corp.                   | Webster Financial Corp.                      | CUSIP: 947890109<br>LEI: KMRURHT0VWKYS6Z5KU67 | Long             | EC               | CORP              | US        |    174846 | NS      | $9973215.84   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Quanex Building Products Corp.            | Quanex Building Products Corp.               | CUSIP: 747619104<br>LEI: 5493000TL30VL5WOAW87 | Long             | EC               | CORP              | US        |    373413 | NS      | $5306198.73   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Progyny, Inc.                             | Progyny, Inc.                                | CUSIP: 74340E103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    186751 | NS      | $3494111.21   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Ribbon Communications, Inc.               | Ribbon Communications, Inc.                  | CUSIP: 762544104<br>LEI: 549300L1E8Z8RL7CUL52 | Long             | EC               | CORP              | US        |    904945 | NS      | $3040615.20   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Enpro, Inc.                               | Enpro, Inc.                                  | CUSIP: 29355X107<br>LEI: 549300Y5CFT2LKCFDN54 | Long             | EC               | CORP              | US        |     49095 | NS      | $11390530.95  | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Amtech Systems, Inc.                      | Amtech Systems, Inc.                         | CUSIP: 032332504<br>LEI: 5299008VRUUPETM6HZ85 | Long             | EC               | CORP              | US        |    659277 | NS      | $5228066.61   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Matrix Service Co.                        | Matrix Service Co.                           | CUSIP: 576853105<br>LEI: 529900VYBKSX6HD2YW58 | Long             | EC               | CORP              | US        |    525917 | NS      | $7899273.34   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Oil States International, Inc.            | Oil States International, Inc.               | CUSIP: 678026105<br>LEI: 5493004TF4KQJGMYL777 | Long             | EC               | CORP              | US        |   2277416 | NS      | $13596173.52  | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Dorian LPG Ltd.                           | Dorian LPG Ltd.                              | CUSIP: N/A<br>LEI: 549300WP1W2WGMC7F395       | Long             | EC               | CORP              | MH        |    337561 | NS      | $9738634.85   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Valley National Bancorp                   | Valley National Bancorp                      | CUSIP: 919794107<br>LEI: 549300ET52S1UBIB9762 | Long             | EC               | CORP              | US        |    776140 | NS      | $8436641.80   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Flowserve Corp.                           | Flowserve Corp.                              | CUSIP: 34354P105<br>LEI: 6Y0GK87T6V7NJKZJVM41 | Long             | EC               | CORP              | US        |     39345 | NS      | $2685296.25   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Strawberry Fields REIT, Inc.              | Strawberry Fields REIT, Inc.                 | CUSIP: 863182101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    262813 | NS      | $3056515.19   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Ceragon Networks Ltd.                     | Ceragon Networks Ltd.                        | CUSIP: N/A<br>LEI: BFM8T61CT2L1QCEMIK50       | Long             | EC               | CORP              | IL        |    517925 | NS      | $1346605.00   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Thryv Holdings, Inc.                      | Thryv Holdings, Inc.                         | CUSIP: 886029206<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    832013 | NS      | $6414820.23   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Flowco Holdings, Inc.                     | Flowco Holdings, Inc., Class A               | CUSIP: 342909108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     96168 | NS      | $1557921.60   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Dycom Industries, Inc.                    | Dycom Industries, Inc.                       | CUSIP: 267475101<br>LEI: 549300F56EKTHQI3WT60 | Long             | EC               | CORP              | US        |     37303 | NS      | $10735430.37  | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Air Lease Corp.                           | Air Lease Corp., Class A                     | CUSIP: 00912X302<br>LEI: 5493004NW4M4P8TMMK63 | Long             | EC               | CORP              | US        |     40092 | NS      | $2560275.12   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Customers Bancorp, Inc.                   | Customers Bancorp, Inc.                      | CUSIP: 23204G100<br>LEI: 549300WLBCHYKZ53FN68 | Long             | EC               | CORP              | US        |    109106 | NS      | $7323194.72   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| FrontView REIT, Inc.                      | FrontView REIT, Inc.                         | CUSIP: 35922N100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    172920 | NS      | $2299836.00   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Kratos Defense & Security Solutions, Inc. | Kratos Defense & Security Solutions, Inc.    | CUSIP: 50077B207<br>LEI: 5493000EKBN0UY1F3F88 | Long             | EC               | CORP              | US        |    127721 | NS      | $11571522.60  | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| AngioDynamics, Inc.                       | AngioDynamics, Inc.                          | CUSIP: 03475V101<br>LEI: 549300W3VKC5ZKMO8C28 | Long             | EC               | CORP              | US        |    243221 | NS      | $2925948.63   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Ranpak Holdings Corp.                     | Ranpak Holdings Corp., Class A               | CUSIP: 75321W103<br>LEI: 5493000Z9EZR9DCYOO86 | Long             | EC               | CORP              | US        |    223190 | NS      | $1182907.00   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Envista Holdings Corp.                    | Envista Holdings Corp.                       | CUSIP: 29415F104<br>LEI: 549300BX623VURJZ5269 | Long             | EC               | CORP              | US        |    196815 | NS      | $4005185.25   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Concrete Pumping Holdings, Inc.           | Concrete Pumping Holdings, Inc.              | CUSIP: 206704108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    448336 | NS      | $2864867.04   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Treace Medical Concepts, Inc.             | Treace Medical Concepts, Inc.                | CUSIP: 89455T109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1138683 | NS      | $7276184.37   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Embecta Corp.                             | Embecta Corp.                                | CUSIP: 29082K105<br>LEI: 549300RPG8GXVDHNXZ62 | Long             | EC               | CORP              | US        |    347343 | NS      | $4633555.62   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-12-01

**Name of Applicant:** First Eagle Funds

**Signature:** Shuang Wu

**Name of Signer:** Shuang Wu

**Title:** Treasurer