# EDGAR Filing Document

**Accession Number:** 0001965454
**File Stem:** 0000910472-25-001808
**Filing Date:** 2025-9
**Character Count:** 56644
**Document Hash:** 7209a2382a34a18aff36997cb62d9162
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-25-001808.hdr.sgml**: 20250929

**ACCESSION NUMBER**: 0000910472-25-001808

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250929

**DATE AS OF CHANGE**: 20250929

**PERIOD START**: 20260430

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Grandeur Peak Global Trust
- **CENTRAL INDEX KEY:** 0001965454

**ORGANIZATION NAME:**
- **EIN:** 922196433
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0430

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23852
- **FILM NUMBER:** 251354051

**BUSINESS ADDRESS:**
- **STREET 1:** 225 PICTORIA DR.
- **STREET 2:** SUITE 450
- **CITY:** CINCINNATI
- **STATE:** OH
- **ZIP:** 45246
- **BUSINESS PHONE:** 631-470-2688

**MAIL ADDRESS:**
- **STREET 1:** 225 PICTORIA DR.
- **STREET 2:** SUITE 450
- **CITY:** CINCINNATI
- **STATE:** OH
- **ZIP:** 45246

## Series and Classes Contracts Data

### Grandeur Peak Global Opportunities Fund (Series ID: S000080371)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000242725 | Institutional Class | GPGIX           |
| C000242726 | Investor Class      | GPGOX           |

## Nport-Ex

<u>Grandeur Peak Global Opportunities Fund</u> <u>Portfolio of Investments</u> <br> July 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| | **Shares** | **Fair Value** |
| **COMMON STOCKS — 99.40%** | **COMMON STOCKS — 99.40%** | **COMMON STOCKS — 99.40%** |
| **Australia — 2.62%** | **Australia — 2.62%** | **Australia — 2.62%** |
| IPD Group Ltd/Australia<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;598836 | $1358455 |
| MA Financial Group Ltd | &nbsp;&nbsp;&nbsp;536926 | 2819025 |
| Pinnacle Investment Management Group | &nbsp;&nbsp;&nbsp;368463 | 5299275 |
| Qualitas Ltd<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp;722921 | 1672460 |
|  |  | 11149215 |
| **Belgium — 2.68%** | **Belgium — 2.68%** | **Belgium — 2.68%** |
| Melexis NV | &nbsp;&nbsp;&nbsp;95629 | 7370356 |
| X-Fab Silicon Foundries S.E. 144A<sup>(a)(b)(c)</sup> | &nbsp;&nbsp;&nbsp;552549 | 4034655 |
|  |  | 11405011 |
| **Brazil — 1.31%** | **Brazil — 1.31%** | **Brazil — 1.31%** |
| Grupo Mateus SA<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;1624200 | 2114436 |
| Patria Investments Limited<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;248220 | 3462669 |
|  |  | 5577105 |
| **Canada — 1.60%** | **Canada — 1.60%** | **Canada — 1.60%** |
| Aritzia Inc<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;78161 | 4195174 |
| Richelieu Hardware, Ltd.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;104988 | 2626973 |
|  |  | 6822147 |
| **China — 2.07%** | **China — 2.07%** | **China — 2.07%** |
| Proya Cosmetics Co Ltd | &nbsp;&nbsp;&nbsp;238554 | 2716458 |
| Silergy Corp<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;564008 | 6126015 |
|  |  | 8842473 |
| **France — 3.76%** | **France — 3.76%** | **France — 3.76%** |
| Neurones SA | &nbsp;&nbsp;&nbsp;29687 | 1466046 |
| Thermador Groupe | &nbsp;&nbsp;&nbsp;21912 | 2046588 |
| Virbac S.A.CA | &nbsp;&nbsp;&nbsp;26238 | 10410716 |
| Wavestone | &nbsp;&nbsp;&nbsp;31616 | 2097384 |
|  |  | 16020734 |
| **Germany — 2.63%** | **Germany — 2.63%** | **Germany — 2.63%** |
| Dermapharm Holding SE | &nbsp;&nbsp;&nbsp;107183 | 4099829 |
| Elmos Semiconductor AG<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;47445 | 4767253 |
| Schott Pharma AG & Co | &nbsp;&nbsp;&nbsp;86785 | 2358396 |
|  |  | 11225478 |
| **India — 2.75%** | **India — 2.75%** | **India — 2.75%** |
| Five-Star Business<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;350751 | 2380495 |
| Gulf Oil Lubricants India Ltd. | &nbsp;&nbsp;&nbsp;206082 | 2847232 |
| Indigo Paints Ltd | &nbsp;&nbsp;&nbsp;179351 | 2459876 |
| SJS Enterprises Ltd<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;286718 | 4021596 |
|  |  | 11709199 |
| **Indonesia — 1.12%** | **Indonesia — 1.12%** | **Indonesia — 1.12%** |
| Arwana Citramulia Tbk P.T. | &nbsp;&nbsp;&nbsp;39321069 | 1397583 |
| Aspirasi Hidup Ind | &nbsp;&nbsp;&nbsp;58356925 | 1666430 |
| Selamat Sempurna Tbk PT | &nbsp;&nbsp;&nbsp;14317600 | 1726741 |
|  |  | 4790754 |
| **Ireland — 0.57%** | **Ireland — 0.57%** | **Ireland — 0.57%** |
| ICON plc<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;14279 | 2415864 |
| **Italy — 3.41%** | **Italy — 3.41%** | **Italy — 3.41%** |
| Diasorin SPA<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;22894 | 2240256 |
| Interpump Group SpA | &nbsp;&nbsp;&nbsp;157019 | 6447138 |
| Recordati SpA<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;101737 | 5854698 |
|  |  | 14542092 |
| **Japan — 14.99%** | **Japan — 14.99%** | **Japan — 14.99%** |
| BayCurrent Consulting, Inc. | &nbsp;&nbsp;&nbsp;100926 | 5806823 |
| Charm Care Corp KK | &nbsp;&nbsp;&nbsp;107629 | 949286 |
| CrowdWorks Inc<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;267291 | 2002990 |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Fair Value** |
| **COMMON STOCKS — 99.40% (continued)** | **COMMON STOCKS — 99.40% (continued)** | **COMMON STOCKS — 99.40% (continued)** |
| **Japan — 14.99% (continued)** | **Japan — 14.99% (continued)** | **Japan — 14.99% (continued)** |
| eWeLL Co Ltd<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;123930 | $1954359 |
| Hennge KK<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;483102 | 5385456 |
| Insource Co Ltd | &nbsp;&nbsp;&nbsp;667926 | 4088330 |
| Integral Corp<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;315736 | 7317913 |
| Japan Elevator Service Holdings Company Ltd. | &nbsp;&nbsp;&nbsp;203590 | 5488238 |
| Jeol Ltd. | &nbsp;&nbsp;&nbsp;57000 | 1655636 |
| Kitz Corp<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;425884 | 3592480 |
| MarkLines Company Ltd.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;269404 | 3551700 |
| Rakus Co Ltd<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;160000 | 2482857 |
| Rise Consulting Group Inc<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;461640 | 3887972 |
| SIGMAXYZ Holdings Inc<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;254400 | 2043042 |
| ULS Group Inc | &nbsp;&nbsp;&nbsp;61035 | 2958777 |
| Visional Inc<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;136123 | 10719660 |
|  |  | 63885519 |
| **Luxembourg — 1.85%** | **Luxembourg — 1.85%** | **Luxembourg — 1.85%** |
| Eurofins Scientific S.E. | &nbsp;&nbsp;&nbsp;79596 | 6118295 |
| Sword Group | &nbsp;&nbsp;&nbsp;42683 | 1771554 |
|  |  | 7889849 |
| **Mexico — 1.64%** | **Mexico — 1.64%** | **Mexico — 1.64%** |
| Regional SAB de cv<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;630102 | 4872119 |
| Corp Inmobiliaria Vesta S.A.B. de C.V. – ADR<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;76071 | 2136834 |
|  |  | 7008953 |
| **Netherlands — 1.80%** | **Netherlands — 1.80%** | **Netherlands — 1.80%** |
| Allfunds Group PLC | &nbsp;&nbsp;&nbsp;649534 | 4524043 |
| Redcare Pharmacy N.V. 144A<sup>(a)(b)(c)</sup> | &nbsp;&nbsp;&nbsp;28070 | 3129751 |
|  |  | 7653794 |
| **Norway — 0.03%** | **Norway — 0.03%** | **Norway — 0.03%** |
| Bouvet ASA | &nbsp;&nbsp;&nbsp;17085 | 124766 |
| **Poland — 1.31%** | **Poland — 1.31%** | **Poland — 1.31%** |
| Dino Polska SA 144A<sup>(a)(b)(c)</sup> | &nbsp;&nbsp;&nbsp;422980 | 5599775 |
| **Singapore — 0.71%** | **Singapore — 0.71%** | **Singapore — 0.71%** |
| Riverstone Holdings Ltd. | &nbsp;&nbsp;&nbsp;5597842 | 3039541 |
| **South Korea — 0.52%** | **South Korea — 0.52%** | **South Korea — 0.52%** |
| LEENO Industrial Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;64266 | 2198144 |
| **Sweden — 4.29%** | **Sweden — 4.29%** | **Sweden — 4.29%** |
| AddTech AB | &nbsp;&nbsp;&nbsp;67907 | 2289549 |
| Momentum Group AB<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;140175 | 2225580 |
| RVRC Holding AB | &nbsp;&nbsp;&nbsp;516276 | 2350437 |
| Sdiptech AB<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;201809 | 4066015 |
| Swedencare AB<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;619591 | 2402362 |
| Vimian Group AB<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;1457100 | 4975279 |
|  |  | 18309222 |
| **Taiwan — 1.59%** | **Taiwan — 1.59%** | **Taiwan — 1.59%** |
| Sporton International, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;880151 | 4721083 |
| Voltronic Power Technology Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;52000 | 2050665 |
|  |  | 6771748 |
| **United Kingdom — 18.76%** | **United Kingdom — 18.76%** | **United Kingdom — 18.76%** |
| Advanced Medical Solutions Gro | &nbsp;&nbsp;&nbsp;1202695 | 3208457 |
| Ashtead Technology Holdings plc | &nbsp;&nbsp;&nbsp;395031 | 1752911 |
| B & M European Value Retail SA | &nbsp;&nbsp;&nbsp;2528482 | 7493283 |
| CVS Group plc | &nbsp;&nbsp;&nbsp;475689 | 7714555 |

---

<u>Grandeur Peak Global Opportunities Fund</u> <u>Portfolio of Investments</u> <br> July 31, 2025 (Unaudited) (Continued)

---

| | | |
|:---|:---|:---|
| | **Shares** | **Fair Value** |
| **COMMON STOCKS — 99.40% (continued)** | **COMMON STOCKS — 99.40% (continued)** | **COMMON STOCKS — 99.40% (continued)** |
| **United Kingdom — 18.76% (continued)** | **United Kingdom — 18.76% (continued)** | **United Kingdom — 18.76% (continued)** |
| Diploma plc | &nbsp;&nbsp;&nbsp;182989 | $13001596 |
| Elixirr International PLC | &nbsp;&nbsp;&nbsp;247502 | 2418799 |
| Hill & Smith Holdings plc | &nbsp;&nbsp;&nbsp;122422 | 3306299 |
| ICG plc | &nbsp;&nbsp;&nbsp;84329 | 2425628 |
| JTC plc 144A<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp;821246 | 10184231 |
| Marex Group PLC<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;124811 | 4815208 |
| Petershill Partners PLC 144A<sup>(a)(b)(c)</sup> | &nbsp;&nbsp;&nbsp;1253554 | 3890454 |
| Renew Holdings PLC<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;226108 | 2517288 |
| Softcat PLC<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;194680 | 4198527 |
| Tatton Asset Mgmt | &nbsp;&nbsp;&nbsp;427145 | 4118012 |
| Volution Group PLC | &nbsp;&nbsp;&nbsp;1011509 | 8950225 |
|  |  | 79995473 |
| **United States — 25.86%** | **United States — 25.86%** | **United States — 25.86%** |
| 4Imprint Group | &nbsp;&nbsp;&nbsp;46802 | 2222044 |
| Accelerant Holdings<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;36172 | 996177 |
| Alamo Group, Inc. | &nbsp;&nbsp;&nbsp;14003 | 3116788 |
| Bio-Techne Corporation | &nbsp;&nbsp;&nbsp;51237 | 2804201 |
| Bruker Corporation | &nbsp;&nbsp;&nbsp;63377 | 2435578 |
| Burlington Stores, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;12146 | 3315372 |
| Clearwater Analytics Holdings, Inc.,<br> Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;123749 | 2507155 |
| Elastic N.V.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;40552 | 3394202 |
| Enerpac Tool Group Corporation | &nbsp;&nbsp;&nbsp;68555 | 2640053 |
| Esquire Financial Holdings, Inc. | &nbsp;&nbsp;&nbsp;24099 | 2310612 |
| Five Below, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;32480 | 4434170 |
| Gentex Corporation | &nbsp;&nbsp;&nbsp;94418 | 2494524 |
| Global Industrials, Co. | &nbsp;&nbsp;&nbsp;65135 | 2218498 |
| Grocery Outlet Holding Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;282375 | 3718879 |
| Hackett Group, Inc. (The) | &nbsp;&nbsp;&nbsp;106950 | 2501561 |
| HealthEquity, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;43062 | 4177014 |
| Installed Building Products, Inc. | &nbsp;&nbsp;&nbsp;15346 | 3104342 |
| JFrog Ltd.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;85528 | 3712770 |
| LeMaitre Vascular, Inc. | &nbsp;&nbsp;&nbsp;20875 | 1695885 |
| Littelfuse, Inc. | &nbsp;&nbsp;&nbsp;49290 | 12683796 |
| Mama's Creations Incorporated<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;361201 | 2983520 |
| MarketAxess Holdings, Inc. | &nbsp;&nbsp;&nbsp;12831 | 2636771 |
| Neogen Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;339123 | 1576922 |
| P10 Inc | &nbsp;&nbsp;&nbsp;395754 | 4867774 |
| Pennant Group, Inc. (The)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;100001 | 2217022 |
| Perella Weinberg Partners | &nbsp;&nbsp;&nbsp;195440 | 3897074 |
| Primoris Services Corporation | &nbsp;&nbsp;&nbsp;54179 | 5102037 |
| Qualys, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;27824 | 3702540 |
| Red Violet, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;42189 | 1870238 |
| RxSight, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;77068 | 599589 |
| Silicon Laboratories, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;15825 | 2085260 |
| SPS Commerce, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;28382 | 3089806 |
| Texas Roadhouse, Inc. | &nbsp;&nbsp;&nbsp;20418 | 3779984 |
| Upwork, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;166089 | 1986424 |
| Yeti Holdings, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;92167 | 3386216 |
|  |  | 110264798 |
| **Vietnam — 1.53%** | **Vietnam — 1.53%** | **Vietnam — 1.53%** |
| Asia Commercial Bank JSC | &nbsp;&nbsp;&nbsp;4109139 | 3606984 |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Fair Value** |
| **COMMON STOCKS — 99.40% (continued)** | **COMMON STOCKS — 99.40% (continued)** | **COMMON STOCKS — 99.40% (continued)** |
| **Vietnam — 1.53% (continued)** | **Vietnam — 1.53% (continued)** | **Vietnam — 1.53% (continued)** |
| Vietnam Technological & Comm Joint-stock Bank<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;2231608 | $2895759 |
|  |  | 6502743 |
| *Total Common Stocks (Cost $331,008,341)* |  | 423744397 |
| *Total Common Stocks/ Investments — 99.40%* | *Total Common Stocks/ Investments — 99.40%* |  |
| *(Cost $331,008,341)* | *(Cost $331,008,341)* | 423744397 |
| *Other Assets in Excess of Liabilities — 0.60%* | *Other Assets in Excess of Liabilities — 0.60%* | 2567096 |
| *NET ASSETS — 100.00%* | *NET ASSETS — 100.00%* | $426311493 |

---

<sup>(a)</sup> Non-income producing security.

<sup>(b)</sup> Security was purchased pursuant to Regulation S under the Securities Act of 1933, which exempts securities offered and sold outside of the United States from registration. Such security cannot be sold in the United States without either an effective registration statement filed pursuant to the Securities Act of 1933, or pursuant to an exemption from registration. As of July 31, 2025, these securities had a total aggregate market value of $28,511,326, representing 6.69% of net assets.

<sup>(c)</sup> Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in the ordinary course of business in transactions exempt from registration, normally to qualified institutional buyers. As of July 31, 2025, these securities had a total aggregate market value of $26,88,866, representing 6.30% of net assets.

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Grandeur Peak Global Trust

- **b. Investment Company Act file number:** 811-23852

- **c. CIK number of Registrant:** 0001965454

- **d. LEI of Registrant:** 54930009SEWTYKGXPE05

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

  - **Street Address 1:** 225 Pictoria Drive

  - **City:** Cincinnati

  - **State:** OH

  - **Foreign country:** US

  - **Zip / Postal Code:** 45246

  - **Telephone number:** 631-470-2688

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

- **a. Name of Series:** GRANDEUR PEAK GLOBAL OPPORTUNITIES FUND

- **b. EDGAR series identifier (if any):** S000080371

- **c. LEI of Series:** 54930009V9EIXTB4G561

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

- **a. Date of fiscal year-end:** 2026-04-30

- **b. Date as of which information is reported:** 2025-07-31

**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:** $430123188.57

**Total Liabilities:** $3811695.65

**Net Assets:** $426311492.92

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000242726 | 6.46%                | 4.05%                | -1.11%               |
| Class ID C000242725 | 6.29%                | 4.23%                | -1.35%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $5065489.45              | $22776596.43                               |
| Month 2  | $5585961.10              | $13090496.39                               |
| Month 3  | $6850307.48              | $-11922079.40                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| JTC PLC                                             | JTC plc                                       | CUSIP: G5211H117<br>LEI: 213800DVUG4KLF2ASK33 | Long             | EC               | CORP              | JE        |    821246 | NS      | $10184231.30  | 2.39%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Five Below Inc                                      | Five Below, Inc.                              | CUSIP: 33829M101<br>LEI: 529900AAXP5Z6BGI7418 | Long             | EC               | CORP              | US        |     32480 | NS      | $4434169.60   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Perella Weinberg Partners                           | Perella Weinberg Partners                     | CUSIP: 71367G102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    195440 | NS      | $3897073.60   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Eurofins Scientific SE                              | Eurofins Scientific                           | CUSIP: L31839134<br>LEI: 529900JEHFM47DYY3S57 | Long             | EC               | CORP              | FR        |     79596 | NS      | $6118294.95   | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Pennant Group Inc                                   | Pennant Group, Inc. (The)                     | CUSIP: 70805E109<br>LEI: 5493007H2OYR6BYLDA64 | Long             | EC               | CORP              | US        |    100001 | NS      | $2217022.17   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| RxSight Inc.                                        | RxSight Inc                                   | CUSIP: 78349D107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     77068 | NS      | $599589.04    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| MarketAxess Holdings Inc.                           | MarketAxess Holdings, Inc.                    | CUSIP: 57060D108<br>LEI: 5493002U1CA1XJOVID83 | Long             | EC               | CORP              | US        |     12831 | NS      | $2636770.50   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Tatton Asset Mgmt Plc                               | Tatton Asset Mgmt                             | CUSIP: G86841106<br>LEI: 213800G2F8I1N7HTVP88 | Long             | EC               | CORP              | GB        |    427145 | NS      | $4118011.75   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| P10 Inc                                             | P10 Inc                                       | CUSIP: 69376K106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    395754 | NS      | $4867774.20   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Burlington Stores Inc.                              | Burlington Stores, Inc.                       | CUSIP: 122017106<br>LEI: 5299003Z37DVGKKC1W09 | Long             | EC               | CORP              | US        |     12146 | NS      | $3315372.16   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Proya Cosmetics Co Ltd.                             | Proya Cosmetics Co Ltd                        | CUSIP: Y7S88X100<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |    238554 | NS      | $2716458.22   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| JFrog Ltd                                           | JFrog Ltd.                                    | CUSIP: M6191J100<br>LEI: N/A                  | Long             | EC               | CORP              | IL        |     85528 | NS      | $3712770.48   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Selamat Sempurna  Tbk PT                            | Selamat Sempurna Tbk PT                       | CUSIP: Y7139P148<br>LEI: N/A                  | Long             | EC               | CORP              | ID        |  14317600 | NS      | $1726741.36   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Ashtead Technology Holdings PLC                     | Ashtead Technology Holdings plc               | CUSIP: G0609Y103<br>LEI: 213800LHEWVY66RPGR58 | Long             | EC               | CORP              | GB        |    395031 | NS      | $1752910.94   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Clearwater Analytics Holdings Inc                   | Clearwater Analytics Holdings, Inc.           | CUSIP: 185123106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    123749 | NS      | $2507154.74   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Elastic NV                                          | Elastic N.V.                                  | CUSIP: N14506104<br>LEI: 2549003I48WHHH937I59 | Long             | EC               | CORP              | NL        |     40552 | NS      | $3394202.40   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| 4imprint Group PLC                                  | 4Imprint Group                                | CUSIP: G36555103<br>LEI: 213800G95T751RN2CT94 | Long             | EC               | CORP              | GB        |     46802 | NS      | $2222044.24   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Redcare Pharmacy N.V                                | Redcare Pharmacy N.V.                         | CUSIP: N7975Z103<br>LEI: 529900JK6UXHY1YKZ082 | Long             | EC               | CORP              | NL        |     28070 | NS      | $3129750.51   | 0.73%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Qualys Inc                                          | Qualys, Inc.                                  | CUSIP: 74758T303<br>LEI: 549300EMBXYOW9W1XA17 | Long             | EC               | CORP              | US        |     27824 | NS      | $3702539.68   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Crowdworks Inc. (Japan)                             | CrowdWorks Inc                                | CUSIP: J0839R107<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    267291 | NS      | $2002989.71   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Red Violet Inc                                      | Red Violet, Inc.                              | CUSIP: 75704L104<br>LEI: 549300T4EGADG881UU63 | Long             | EC               | CORP              | US        |     42189 | NS      | $1870238.37   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Healthequity Inc                                    | HealthEquity, Inc.                            | CUSIP: 42226A107<br>LEI: 529900LRJU1RAFQHM467 | Long             | EC               | CORP              | US        |     43062 | NS      | $4177014.00   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Aspirasi Hidup Indonesia Tbk PT                     | Aspirasi Hidup Ind                            | CUSIP: Y000CY105<br>LEI: 529900WER46RYFNZER60 | Long             | EC               | CORP              | ID        |  58356925 | NS      | $1666428.99   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Grocery Outlet Holding Corp.                        | Grocery Outlet Holding Corp                   | CUSIP: 39874R101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    282375 | NS      | $3718878.75   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Swedencare Ab                                       | Swedencare AB                                 | CUSIP: W942AH117<br>LEI: 549300FZT7YIF6SWX789 | Long             | EC               | CORP              | SE        |    619591 | NS      | $2402362.00   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Momentum Group AB                                   | Momentum Group AB                             | CUSIP: W5659A121<br>LEI: 549300QOHUWQMD9G3757 | Long             | EC               | CORP              | SE        |    140175 | NS      | $2225579.68   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Bruker Corporation                                  | Bruker Corporation                            | CUSIP: 116794108<br>LEI: LEBZ6VLQ6I8XB1NHVY15 | Long             | EC               | CORP              | US        |     63377 | NS      | $2435578.11   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Upwork Inc                                          | Upwork Inc. Class A                           | CUSIP: 91688F104<br>LEI: 5493004QJ6WWBXVE2S70 | Long             | EC               | CORP              | US        |    166089 | NS      | $1986424.44   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Allfunds Group Plc                                  | Allfunds Group Plc                            | CUSIP: G0236L102<br>LEI: 9598005U8TZQ8Q64SC71 | Long             | EC               | CORP              | GB        |    649534 | NS      | $4524043.62   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Addtech AB                                          | AddTech AB                                    | CUSIP: W4260L147<br>LEI: 549300QZ5U2IDRHPWL60 | Long             | EC               | CORP              | SE        |     67907 | NS      | $2289549.59   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| ICG PLC                                             | Intermediate Capital Group PLC                | CUSIP: G4807D192<br>LEI: 549300OGASR5WRKJ8R68 | Long             | EC               | RF                | GB        |     84329 | NS      | $2425628.13   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| SCHOTT Pharma AG & Co KGaA                          | Schott Pharma AG & Co                         | CUSIP: D6T79R108<br>LEI: 529900TU48UE99NHEY88 | Long             | EC               | CORP              | DE        |     86785 | NS      | $2358395.75   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Hackett Group Inc.                                  | Hackett Group, Inc. (The)                     | CUSIP: 404609109<br>LEI: 5K016KLIRB6156644289 | Long             | EC               | CORP              | US        |    106950 | NS      | $2501560.50   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Asia Commercial Joint Stock Bank                    | Asia Commercial Bank JSC                      | CUSIP: Y0324N101<br>LEI: 5493001VSLUXY7LJS086 | Long             | EC               | CORP              | VN        |   4109139 | NS      | $3606984.09   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Installed Building Products Inc                     | Installed Building Products, Inc.             | CUSIP: 45780R101<br>LEI: 549300I95Y9P9YM5FI86 | Long             | EC               | CORP              | US        |     15346 | NS      | $3104342.34   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Sword Group SE                                      | Sword Group                                   | CUSIP: F91829105<br>LEI: 222100GEODKMZ0FFWK29 | Long             | EC               | CORP              | LU        |     42683 | NS      | $1771554.06   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Corporacion Inmobiliaria Vesta S A B De C V         | Vesta Real Estate Corporation ADR             | CUSIP: 92540K109<br>LEI: 4469000001BIRIFZJ959 | Long             | EC               | CORP              | US        |     76071 | NS      | $2136834.39   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Elixirr International Plc                           | Elixirr International PLC                     | CUSIP: G3002J103<br>LEI: 213800MKY7OHMVAKW681 | Long             | EC               | CORP              | GB        |    247502 | NS      | $2418799.26   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Gentex Corp                                         | Gentex Corporation                            | CUSIP: 371901109<br>LEI: 549300S3UD8XV1MN0287 | Long             | EC               | CORP              | US        |     94418 | NS      | $2494523.56   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Hill & Smith PLC                                    | Hill & Smith Holdings PLC                     | CUSIP: G45080101<br>LEI: 2138003A3ISGQZBOWI83 | Long             | EC               | CORP              | GB        |    122422 | NS      | $3306299.39   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Roadhouse Inc                                 | Texas Roadhouse, Inc.                         | CUSIP: 882681109<br>LEI: 5299002Y1CNRPDGXTQ75 | Long             | EC               | CORP              | US        |     20418 | NS      | $3779984.34   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Yeti Holdings Inc                                   | Yeti Holdings, Inc.                           | CUSIP: 98585X104<br>LEI: 549300DSQICIGNT5GO63 | Long             | EC               | CORP              | US        |     92167 | NS      | $3386215.58   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Qualitas Limited                                    | Qualitas Ltd                                  | CUSIP: Q7S90A105<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |    722921 | NS      | $1672460.38   | 0.39%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Bio-Techne Corp                                     | Bio-Techne Corporation                        | CUSIP: 09073M104<br>LEI: 54930073RLKQ51TILZ35 | Long             | EC               | CORP              | US        |     51237 | NS      | $2804201.01   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Vietnam Technological & Commercial Joint Stock Bank | Vietnam Technological & Comm Joint-stock Bank | CUSIP: Y937GK104<br>LEI: 5493001XNKHV3FNIUD50 | Long             | EC               | CORP              | VN        |   2231608 | NS      | $2895758.80   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Virbac SA                                           | Virbac SA                                     | CUSIP: F97900116<br>LEI: 969500QQ1X5XHG649644 | Long             | EC               | CORP              | FR        |     26238 | NS      | $10410715.92  | 2.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Sporton International Inc                           | Sporton International, Inc.                   | CUSIP: Y8129X109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    880151 | NS      | $4721082.66   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Accelerant Holdings                                 | Accelerant Holdings                           | CUSIP: G00894108<br>LEI: 529900G48AUHCKJ6EU64 | Long             | EC               | CORP              | KY        |     36172 | NS      | $996176.88    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Thermador Groupe                                    | Thermador Groupe                              | CUSIP: F91651194<br>LEI: 969500SSIGMAGT008F11 | Long             | EC               | CORP              | FR        |     21912 | NS      | $2046587.81   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Aritzia Inc                                         | Aritzia Inc                                   | CUSIP: 04045U102<br>LEI: 549300U83HKFRL1EX527 | Long             | EC               | CORP              | CA        |     78161 | NS      | $4195174.34   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Regional Sab De Cv                                  | Regional SAB de cv                            | CUSIP: P8008V109<br>LEI: N/A                  | Long             | EC               | CORP              | MX        |    630102 | NS      | $4872118.96   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Kitz Corp                                           | Kitz Corp                                     | CUSIP: J34039115<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    425884 | NS      | $3592480.13   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Neogen Corp                                         | Neogen Corporation                            | CUSIP: 640491106<br>LEI: 549300HJT9FC36N4UW43 | Long             | EC               | CORP              | US        |    339123 | NS      | $1576921.95   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| CVS Group PLC                                       | CVS Group plc                                 | CUSIP: G27234106<br>LEI: 213800J41XDQ2NX48O05 | Long             | EC               | CORP              | GB        |    475689 | NS      | $7714554.83   | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Hennge K K                                          | Hennge KK                                     | CUSIP: J20457107<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    483102 | NS      | $5385456.07   | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Riverstone Holding Ltd.                             | Riverstone Holdings Ltd.                      | CUSIP: Y7302Q105<br>LEI: N/A                  | Long             | EC               | CORP              | SG        |   5597842 | NS      | $3039540.51   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Sigmaxyz Holdings Inc                               | SIGMAXYZ Holdings Inc                         | CUSIP: J7550V100<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    254400 | NS      | $2043041.50   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Jeol Ltd                                            | Jeol Ltd.                                     | CUSIP: J23317100<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     57000 | NS      | $1655636.17   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| ADV Med Solutions                                   | Advanced Medical Solutions Gro                | CUSIP: G0098X103<br>LEI: 213800HJP6OWOSZI1L74 | Long             | EC               | CORP              | GB        |   1202695 | NS      | $3208457.34   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Marex Group Plc                                     | Marex Group PLC                               | CUSIP: G5S37H101<br>LEI: 549300DWX0SVICJAL507 | Long             | EC               | CORP              | GB        |    124811 | NS      | $4815208.38   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Pinnacle Investment Management Group Ltd.           | Pinnacle Investment Management Group          | CUSIP: Q75485104<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |    368463 | NS      | $5299275.07   | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Dermapharm Holding SE                               | Dermapharm Holding SE                         | CUSIP: D1T0ZJ103<br>LEI: 5299009F0KNZINQQQK37 | Long             | EC               | CORP              | DE        |    107183 | NS      | $4099829.30   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Vimian Group AB                                     | Vimian Group AB                               | CUSIP: W981A4114<br>LEI: 549300OQ8R5TCAP0BS18 | Long             | EC               | CORP              | SE        |   1457100 | NS      | $4975278.23   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Alamo Group Inc                                     | Alamo Group, Inc.                             | CUSIP: 011311107<br>LEI: 54930080C93RVZRSDV26 | Long             | EC               | CORP              | US        |     14003 | NS      | $3116787.74   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Lemaitre Vascular Inc.                              | LeMaitre Vascular, Inc.                       | CUSIP: 525558201<br>LEI: 549300FZUBUB7MHY8R17 | Long             | EC               | CORP              | US        |     20875 | NS      | $1695885.00   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Arwana Citramulia                                   | Arwana Citramulia Tbk P.T.                    | CUSIP: Y7116S131<br>LEI: N/A                  | Long             | EC               | CORP              | ID        |  39321069 | NS      | $1397583.41   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Visional Inc.                                       | Visional Inc                                  | CUSIP: J94590106<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    136123 | NS      | $10719661.43  | 2.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Uls Group Inc                                       | ULS Group Inc                                 | CUSIP: J94062106<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     61035 | NS      | $2958777.21   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Mateus SA                                     | Grupo Mateus SA                               | CUSIP: P5R16Z107<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |   1624200 | NS      | $2114435.87   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Rise Consulting Group Inc.                          | Rise Consulting Group Inc                     | CUSIP: J6522L109<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    461640 | NS      | $3887971.67   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| SPS Commerce Inc                                    | SPS Commerce, Inc.                            | CUSIP: 78463M107<br>LEI: 2549006XVF9GCCETDQ72 | Long             | EC               | CORP              | US        |     28382 | NS      | $3089806.43   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Bouvet Asa                                          | Bouvet ASA                                    | CUSIP: R13781100<br>LEI: 5967007LIEEXZXFMBC26 | Long             | EC               | CORP              | NO        |     17085 | NS      | $124766.17    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Mama's Creations, Inc                               | Mama's Creations Incorporated                 | CUSIP: 56146T103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    361201 | NS      | $2983520.26   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Patria Investments Limited                          | Patria Investments Limited Class A            | CUSIP: G69451105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    248220 | NS      | $3462669.00   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Sdiptech AB (publ)                                  | Sdiptech AB Series B                          | CUSIP: W8T88U113<br>LEI: 549300JBO7VTEGMRW310 | Long             | EC               | CORP              | SE        |    201809 | NS      | $4066015.32   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Volution Group PLC                                  | Volution Group PLC                            | CUSIP: G93824103<br>LEI: 213800EPT84EQCDHO768 | Long             | EC               | CORP              | GB        |   1011509 | NS      | $8950224.91   | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Global Industrial Company                           | Global Industrials, Co.                       | CUSIP: 37892E102<br>LEI: 5493000GO8Z3HEWCGE46 | Long             | EC               | CORP              | US        |     65135 | NS      | $2218498.10   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Insource Co Ltd                                     | Insource Co Ltd                               | CUSIP: J2467H104<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    667926 | NS      | $4088330.42   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Softcat PLC                                         | Softcat plc                                   | CUSIP: G8251T108<br>LEI: 213800N42YZLR9GLVC42 | Long             | EC               | CORP              | GB        |    194680 | NS      | $4198526.68   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Elmos Semiconductor Se                              | Elmos Semiconductor AG                        | CUSIP: D2462G107<br>LEI: 529900UMKKDCAP4P4H63 | Long             | EC               | CORP              | DE        |     47445 | NS      | $4767252.80   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Icon PLC                                            | ICON plc                                      | CUSIP: G4705A100<br>LEI: 6354008SRQGEMC4XFI67 | Long             | EC               | CORP              | US        |     14279 | NS      | $2415864.01   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Esquire Financial Holdings Inc                      | Esquire Financial Holdings, Inc.              | CUSIP: 29667J101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     24099 | NS      | $2310612.12   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| X-FAB Silicon Foundries SE                          | X-Fab Silicon Foundries S.E.                  | CUSIP: B9901Z101<br>LEI: 5493003UDPENPUQBJH65 | Long             | EC               | CORP              | BE        |    552549 | NS      | $4034655.01   | 0.95%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Richelieu Hardware Ltd.                             | Richelieu Hardware, Ltd.                      | CUSIP: 76329W103<br>LEI: 5493007VPNETW465DN04 | Long             | EC               | CORP              | CA        |    104988 | NS      | $2626973.12   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Ipd Group Limited                                   | IPD Group Ltd/Australia                       | CUSIP: Q496BN109<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |    598836 | NS      | $1358454.52   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Indigo Paints Ltd.                                  | Indigo Paints Ltd                             | CUSIP: Y3939M104<br>LEI: 3358007YDYB5P8I6HB69 | Long             | EC               | CORP              | IN        |    179351 | NS      | $2459876.08   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Enerpac Tool Group Corp                             | Enerpac Tool Group Corporation                | CUSIP: 292765104<br>LEI: IZW37BPZKUJE1QXGB081 | Long             | EC               | CORP              | US        |     68555 | NS      | $2640053.05   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Neurones                                            | Neurones SA                                   | CUSIP: F6523H101<br>LEI: 9695008Y07TSG8SZCG57 | Long             | EC               | CORP              | FR        |     29687 | NS      | $1466045.62   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Littelfuse Inc.                                     | Littelfuse, Inc.                              | CUSIP: 537008104<br>LEI: 549300MY7HLQFYTPCX75 | Long             | EC               | CORP              | US        |     49290 | NS      | $12683795.70  | 2.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Wavestone SA                                        | Wavestone                                     | CUSIP: F98323102<br>LEI: 969500GSN25I3B3X6F94 | Long             | EC               | CORP              | FR        |     31616 | NS      | $2097384.79   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Charm Care Corporation                              | Charm Care Corp KK                            | CUSIP: J0625A102<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    107629 | NS      | $949285.58    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Interpump Group S.p.A.                              | Interpump Group SpA                           | CUSIP: T5513W107<br>LEI: 815600C79D0F31F4D395 | Long             | EC               | CORP              | IT        |    157019 | NS      | $6447137.75   | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Rakus Co Ltd.                                       | Rakus Co Ltd                                  | CUSIP: J6S879103<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    160000 | NS      | $2482857.41   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Gulf Oil Lubricants Ltd                             | Gulf Oil Lubricants India Ltd.                | CUSIP: Y6985P111<br>LEI: 3358009J8O762GKOHS20 | Long             | EC               | CORP              | IN        |    206082 | NS      | $2847230.93   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Rvrc Holding Ab                                     | RVRC Holding AB                               | CUSIP: W7282E108<br>LEI: 549300YU7003VHQV3J57 | Long             | EC               | CORP              | SE        |    516276 | NS      | $2350437.39   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Diploma PLC                                         | Diploma plc                                   | CUSIP: G27664112<br>LEI: 2138008OGI7VYG8FGR19 | Long             | EC               | CORP              | GB        |    182989 | NS      | $13001595.62  | 3.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Baycurrent Inc.                                     | BayCurrent Consulting, Inc.                   | CUSIP: J0433F103<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    100926 | NS      | $5806822.39   | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Primoris Services Corp.                             | Primoris Services Corporation                 | CUSIP: 74164F103<br>LEI: 549300UF3OLBJ8D5K349 | Long             | EC               | CORP              | US        |     54179 | NS      | $5102036.43   | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Silergy Corporation                                 | Silergy Corp                                  | CUSIP: G8190F102<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    564008 | NS      | $6126014.30   | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Five Star Business Finance Ltd                      | Five-Star Business                            | CUSIP: Y2576G131<br>LEI: 335800SDB5FANSP25Z85 | Long             | EC               | CORP              | IN        |    350751 | NS      | $2380495.10   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| B&M European Value Retail SA                        | B & M European Value Retail SA                | CUSIP: L1175H106<br>LEI: 213800UK7ZRLY2K1X530 | Long             | EC               | CORP              | GB        |   2528482 | NS      | $7493282.63   | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Recordati Industria Chimica e Farmaceutica S.p.A.   | Recordati SpA                                 | CUSIP: T78458139<br>LEI: 815600FBF92FD3531704 | Long             | EC               | CORP              | IT        |    101737 | NS      | $5854698.33   | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Dino Polska SA                                      | Dino Polska SA                                | CUSIP: X188AF102<br>LEI: 259400H4L81SMPRTW956 | Long             | EC               | CORP              | PL        |    422980 | NS      | $5599775.25   | 1.31%             |  |  |  | Yes           |                  1 | On Loan: No      |
| DiaSorin S.p.A.                                     | Diasorin SPA                                  | CUSIP: T3475Y104<br>LEI: 8156002878BDF0EE4348 | Long             | EC               | CORP              | IT        |     22894 | NS      | $2240255.54   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Leeno Industrial                                    | LEENO Industrial Inc.                         | CUSIP: Y5254W104<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     64266 | NS      | $2198144.39   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Renew Holdings                                      | Renew Holdings PLC                            | CUSIP: G7490A102<br>LEI: 213800O3DC3V4WYA2E09 | Long             | EC               | CORP              | GB        |    226108 | NS      | $2517287.96   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Voltronic Power Technology Corp.                    | Voltronic Power Technology                    | CUSIP: Y937BE103<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     52000 | NS      | $2050665.06   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Japan Elevator Service Hldgs Co Ltd                 | Japan Elevator Service Holdings Company Ltd.  | CUSIP: J2S19B100<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    203590 | NS      | $5488237.93   | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Melexis NV                                          | Melexis NV                                    | CUSIP: B59283109<br>LEI: 549300QRPSGOJRPUFO80 | Long             | EC               | CORP              | BE        |     95629 | NS      | $7370355.67   | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Petershill Partners Plc                             | Petershill Partners PLC                       | CUSIP: G52314104<br>LEI: 213800HTCF8A7XM22A32 | Long             | EC               | CORP              | GB        |   1253554 | NS      | $3890454.17   | 0.91%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Ewell Co Ltd.                                       | eWeLL Co Ltd                                  | CUSIP: J23835101<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    123930 | NS      | $1954358.53   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Silicon Laboratories, Inc.                          | Silicon Laboratories, Inc.                    | CUSIP: 826919102<br>LEI: 4PRDF8Q9TDHRVZKZSZ47 | Long             | EC               | CORP              | US        |     15825 | NS      | $2085260.25   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Ma Financial Group Ltd                              | MA Financial Group Ltd                        | CUSIP: Q57129100<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |    536926 | NS      | $2819025.40   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Marklines Co Ltd                                    | MarkLines Company Ltd.                        | CUSIP: J3971M100<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    269404 | NS      | $3551700.68   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Integral Corp.                                      | Integral Corp                                 | CUSIP: J2401C104<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    315736 | NS      | $7317912.65   | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| SJS Enterprises Ltd.                                | SJS Enterprises Ltd                           | CUSIP: Y8066B102<br>LEI: 984500E74D93F3F04562 | Long             | EC               | CORP              | IN        |    286718 | NS      | $4021596.43   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-09-29

**Name of Applicant:** Grandeur Peak Global Trust

**Signature:** Grandeur Peak Global Trust

**Name of Signer:** Sarah Criger

**Title:** VP, Fund Accounting