# EDGAR Filing Document

**Accession Number:** 0000357204
**File Stem:** 0000910472-26-003377
**Filing Date:** 2026-2
**Character Count:** 32330
**Document Hash:** 9b2db744a9234706952ae20836559ad6
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-26-003377.hdr.sgml**: 20260227

**ACCESSION NUMBER**: 0000910472-26-003377

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260227

**DATE AS OF CHANGE**: 20260227

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Segall Bryant & Hamill Trust
- **CENTRAL INDEX KEY:** 0000357204

**ORGANIZATION NAME:**
- **EIN:** 510263765
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-03373
- **FILM NUMBER:** 26698819

**BUSINESS ADDRESS:**
- **STREET 1:** C/O ULTIMUS FUND SOLUTIONS, LLC
- **STREET 2:** 225 PICTORIA DRIVE, SUITE 450
- **CITY:** CINCINNATI
- **STATE:** OH
- **ZIP:** 45246
- **BUSINESS PHONE:** 303-623-2577

**MAIL ADDRESS:**
- **STREET 1:** C/O ULTIMUS FUND SOLUTIONS, LLC
- **STREET 2:** 225 PICTORIA DRIVE, SUITE 450
- **CITY:** CINCINNATI
- **STATE:** OH
- **ZIP:** 45246

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** WESTCORE TRUST
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** WESTCORE FUNDS INC
- **DATE OF NAME CHANGE:** 19860506

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SUNMONT WEST FUND INC
- **DATE OF NAME CHANGE:** 19820520

## Series and Classes Contracts Data

### Segall Bryant & Hamill Small Cap Value Fund (Series ID: S000065432)

| Class ID   | Class Name                                                      | Ticker Symbol   |
|:---|:---|:---|
| C000211587 | Segall Bryant & Hamill Small Cap Value Fund-Institutional Class | SBHVX           |
| C000211588 | Segall Bryant & Hamill Small Cap Value Fund-Retail Class        | SBRVX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Segall Bryant & Hamill Trust

- **b. Investment Company Act file number:** 811-03373

- **c. CIK number of Registrant:** 0000357204

- **d. LEI of Registrant:** 549300D12PXTPNG46V56

- **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:** 513-587-3400

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

- **a. Name of Series:** SBH SMALL CAP VALUE FUND

- **b. EDGAR series identifier (if any):** S000065432

- **c. LEI of Series:** 549300LZPGQ2515FIJ21

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

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-12-31

**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:** $379801445.26

**Total Liabilities:** $785845.29

**Net Assets:** $379015599.97

**Cash Not Reported:** $7027058.46

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000211587 | -0.68%               | 2.69%                | 1.79%                |
| Class ID C000211588 | -0.75%               | 2.64%                | 1.83%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $2068069.26              | $-5200571.51                               |
| Month 2  | $3504067.62              | $5831738.41                                |
| Month 3  | $6879505.36              | $181623.51                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AAR Corp.                                   | AAR Corporation                              | CUSIP: 000361105<br>LEI: MP76T5YQX3YK5VVAQ802 | Long             | EC               | CORP              | US        |     29382 | NS      | $2432535.78   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| AZZ Inc                                     | AZZ, Inc.                                    | CUSIP: 002474104<br>LEI: 549300HD1X2NFLWPYC83 | Long             | EC               | CORP              | US        |     73680 | NS      | $7897022.40   | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| AdaptHealth Corporation                     | AdaptHealth Corporation                      | CUSIP: 00653Q102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    722541 | NS      | $7196508.36   | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Advance Auto Parts Inc.                     | Advance Auto Parts, Inc.                     | CUSIP: 00751Y106<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | EC               | CORP              | US        |    112424 | NS      | $4418263.20   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Alamos Gold Inc.                            | Alamos Gold, Inc. CLASS A                    | CUSIP: 011532108<br>LEI: 549300TDOX73YGYXE959 | Long             | EC               | CORP              | CA        |    210681 | NS      | $8128072.98   | 2.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Allegro MicroSystems Inc                    | Allegro MicroSystems, Inc.                   | CUSIP: 01749D105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    173385 | NS      | $4573896.30   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Almonty Industries Inc                      | Almonty Industries, Inc.                     | CUSIP: 020398707<br>LEI: 54930049R1BTGV5RJ021 | Long             | EC               | CORP              | CA        |    197898 | NS      | $1743481.38   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameris Bancorp                              | Ameris Bancorp                               | CUSIP: 03076K108<br>LEI: PBJHNT51T5V6G5UQFV42 | Long             | EC               | CORP              | US        |     65797 | NS      | $4886743.19   | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Amkor Technology, Inc.                      | Amkor Technology, Inc.                       | CUSIP: 031652100<br>LEI: 529900VHLRTKPWZJBM84 | Long             | EC               | CORP              | US        |     72156 | NS      | $2848718.88   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Angiodynamics Inc                           | AngioDynamics, Inc.                          | CUSIP: 03475V101<br>LEI: 549300W3VKC5ZKMO8C28 | Long             | EC               | CORP              | US        |    251652 | NS      | $3231211.68   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Apogee Enterprises Inc.                     | Apogee Enterprises, Inc.                     | CUSIP: 037598109<br>LEI: 549300579S7QW8V4IJ60 | Long             | EC               | CORP              | US        |    138968 | NS      | $5059824.88   | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Arcbest Corporation                         | ArcBest Corporation                          | CUSIP: 03937C105<br>LEI: 5493006S3KBNE8ZS3J23 | Long             | EC               | CORP              | US        |     30796 | NS      | $2284755.24   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Astec Industries Inc.                       | Astec Industries, Inc.                       | CUSIP: 046224101<br>LEI: 5493002DO2QKHLKB2A48 | Long             | EC               | CORP              | US        |     36160 | NS      | $1566451.20   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Axcelis Technologies Inc.                   | Axcelis Technologies, Inc.                   | CUSIP: 054540208<br>LEI: 529900HF9B6NL1QG9F05 | Long             | EC               | CORP              | US        |     20298 | NS      | $1630741.32   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Belden Inc.                                 | Belden, Inc.                                 | CUSIP: 077454106<br>LEI: 68BKYO1JC791TTJHUE82 | Long             | EC               | CORP              | US        |     55143 | NS      | $6426916.65   | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Cadence Bank                                | Cadence Bank                                 | CUSIP: 12740C103<br>LEI: Q7C315HKI8VX0SSKBS64 | Long             | EC               | CORP              | US        |    123206 | NS      | $5278145.04   | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Caretrust Reit Inc                          | CareTrust REIT, Inc. REIT                    | CUSIP: 14174T107<br>LEI: 5493001NVXE2B9GPLU96 | Long             | EC               | CORP              | US        |     98412 | NS      | $3558577.92   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Cohu Inc                                    | Cohu, Inc.                                   | CUSIP: 192576106<br>LEI: 529900FJPORJ3JJ2XS33 | Long             | EC               | CORP              | US        |     45977 | NS      | $1069884.79   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Columbia Banking System Inc.                | Columbia Banking System, Inc.                | CUSIP: 197236102<br>LEI: 254900CTRJTQZ3BJ2V17 | Long             | EC               | CORP              | US        |    155169 | NS      | $4336973.55   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Columbus McKinnon Corp.                     | Columbus McKinnon Corp                       | CUSIP: 199333105<br>LEI: 549300W3HQB0HO1F3G69 | Long             | EC               | CORP              | US        |    104612 | NS      | $1804557.00   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Community Financial System Inc              | Community Financial System, Inc.             | CUSIP: 203607106<br>LEI: 5299008N6YHE6GCP1E80 | Long             | EC               | CORP              | US        |     78002 | NS      | $4480434.88   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Core Scientific Inc                         | Core Scientific, Inc.                        | CUSIP: 21874A106<br>LEI: 5299003RGB2LAZ65RK73 | Long             | EC               | CORP              | US        |    170361 | NS      | $2480456.16   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| QuidelOrtho Corp                            | QuidelOrtho Corporation                      | CUSIP: 219798105<br>LEI: 549300YU8CMO9HF53113 | Long             | EC               | CORP              | US        |    230401 | NS      | $6580252.56   | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| DigitalBridge Group Inc                     | DigitalBridge Group, Inc.                    | CUSIP: 25401T603<br>LEI: 549300XG87L902AGBO89 | Long             | EC               | CORP              | US        |    559622 | NS      | $8584601.48   | 2.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Eagle Materials Inc.                        | Eagle Materials, Inc.                        | CUSIP: 26969P108<br>LEI: 529900KRXRGXL61SG039 | Long             | EC               | CORP              | US        |     12374 | NS      | $2557458.32   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Element Solutions Inc                       | Element Solutions, Inc.                      | CUSIP: 28618M106<br>LEI: 549300FLGN6P5CU20J91 | Long             | EC               | CORP              | US        |    167764 | NS      | $4192422.36   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Empire State Realty Trust Inc               | Empire State Realty Trust, Inc.              | CUSIP: 292104106<br>LEI: 549300VOKY1DUEQSB456 | Long             | EC               | CORP              | US        |    160851 | NS      | $1048748.52   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| EnerSys                                     | EnerSys                                      | CUSIP: 29275Y102<br>LEI: 7ZS3DE5PN30BYUJFWP05 | Long             | EC               | CORP              | US        |     58375 | NS      | $8566531.25   | 2.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Enerpac Tool Group Corp                     | Enerpac Tool Group Corporation               | CUSIP: 292765104<br>LEI: IZW37BPZKUJE1QXGB081 | Long             | EC               | CORP              | US        |     56727 | NS      | $2169240.48   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| First Bancorp                               | First Bancorp                                | CUSIP: 318910106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     32737 | NS      | $1662712.23   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Franklin Electric Co Inc                    | Franklin Electric Company, Inc.              | CUSIP: 353514102<br>LEI: RR6AURIKMXUE4Q24G284 | Long             | EC               | CORP              | US        |     56051 | NS      | $5354552.03   | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Frequency Electronics Inc.                  | Frequency Electronics, Inc.                  | CUSIP: 358010106<br>LEI: 549300S56SO2JB5JBE31 | Long             | EC               | CORP              | US        |     61202 | NS      | $3295115.68   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| GXO Logistics Inc.                          | GXO Logistics, Inc.                          | CUSIP: 36262G101<br>LEI: 5493007CNWMXN78JRN66 | Long             | EC               | CORP              | US        |     50110 | NS      | $2637790.40   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Galapagos NV                                | Galapagos N.V.                               | CUSIP: 36315X101<br>LEI: 549300QKJ78IY0IOV655 | Long             | EC               | CORP              | BE        |     94152 | NS      | $3078770.40   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Gentherm Inc                                | Gentherm, Inc.                               | CUSIP: 37253A103<br>LEI: HKM6YX1U5JS60TCUB219 | Long             | EC               | CORP              | US        |     81164 | NS      | $2951934.68   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Gibraltar Industries, Inc.                  | Gibraltar Industries, Inc.                   | CUSIP: 374689107<br>LEI: 549300AE5O3GN0YBLM57 | Long             | EC               | CORP              | US        |     53531 | NS      | $2646572.64   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Glacier Bancorp Inc.                        | Glacier Bancorp, Inc.                        | CUSIP: 37637Q105<br>LEI: 549300SMJAUKZB5D7V74 | Long             | EC               | CORP              | US        |     98150 | NS      | $4323507.50   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Goodyear Tire & Rubber Co. The              | Goodyear Tire & Rubber Company (The)         | CUSIP: 382550101<br>LEI: 5493002BI0S2ZQUY3437 | Long             | EC               | CORP              | US        |    358702 | NS      | $3142229.52   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Hancock Whitney Corporation                 | Hancock Whitney Corporation                  | CUSIP: 410120109<br>LEI: 549300GRNBWY8HIICT41 | Long             | EC               | CORP              | US        |     56916 | NS      | $3624410.88   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Helmerich & Payne Inc                       | Helmerich & Payne, Inc.                      | CUSIP: 423452101<br>LEI: 254900NAOGHJ88RZ4C73 | Long             | EC               | CORP              | US        |    109097 | NS      | $3128901.96   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| HUB Group Inc                               | Hub Group, Inc.                              | CUSIP: 443320106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     40618 | NS      | $1730732.98   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| ICU Medical Inc                             | ICU Medical, Inc.                            | CUSIP: 44930G107<br>LEI: 5493003NRW7LS2QZRH60 | Long             | EC               | CORP              | US        |     48107 | NS      | $6863425.69   | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Crescent Energy Co.                         | Crescent Energy Company Class A common stock | CUSIP: 44952J104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    422506 | NS      | $3544825.34   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| IPG Photonics Corp                          | IPG Photonics Corporation                    | CUSIP: 44980X109<br>LEI: 5493002KZ51CADQ94G15 | Long             | EC               | CORP              | US        |     77363 | NS      | $5539190.80   | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Ingevity Corporation                        | Ingevity Corporation                         | CUSIP: 45688C107<br>LEI: 5493009UTFC4B5IMGF87 | Long             | EC               | CORP              | US        |    175838 | NS      | $10406092.84  | 2.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Littelfuse Inc.                             | Littelfuse, Inc.                             | CUSIP: 537008104<br>LEI: 549300MY7HLQFYTPCX75 | Long             | EC               | CORP              | US        |     31832 | NS      | $8050949.44   | 2.12%             |  |  |  | No            |                  1 | On Loan: No      |
| MP Materials Corp                           | MP Materials Corporation                     | CUSIP: 553368101<br>LEI: 89450063PHPS61USMT84 | Long             | EC               | CORP              | US        |     61017 | NS      | $3082578.84   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Mercury Systems Inc                         | Mercury Systems, Inc.                        | CUSIP: 589378108<br>LEI: 549300P3B84SGK7HH679 | Long             | EC               | CORP              | US        |    133475 | NS      | $9745009.75   | 2.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Murphy Oil Corporation                      | Murphy Oil Corporation                       | CUSIP: 626717102<br>LEI: QBKYQD0ODE7DC7PDIN91 | Long             | EC               | CORP              | US        |    188750 | NS      | $5898437.50   | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| National Bank Holdings Corp                 | National Bank Holdings Corporation           | CUSIP: 633707104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    161049 | NS      | $6121472.49   | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Neogenomics Inc                             | NeoGenomics, Inc.                            | CUSIP: 64049M209<br>LEI: 549300KN62PPGHBVXB46 | Long             | EC               | CORP              | US        |    221418 | NS      | $2603875.68   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| New Jersey Resources Corp.                  | New Jersey Resources Corporation             | CUSIP: 646025106<br>LEI: 549300QKBSQBIX4DQ583 | Long             | EC               | CORP              | US        |     70967 | NS      | $3272998.04   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| OGE Energy Corporation                      | OGE Energy Corporation                       | CUSIP: 670837103<br>LEI: CE5OG6JPOZMDSA0LAQ19 | Long             | EC               | CORP              | US        |     93887 | NS      | $4008974.90   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| O-I Glass Inc                               | O-I Glass, Inc.                              | CUSIP: 67098H104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    464951 | NS      | $6862676.76   | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Onto Innovation Inc.                        | Onto Innovation, Inc.                        | CUSIP: 683344105<br>LEI: 254900RXZVN73CHOO062 | Long             | EC               | CORP              | US        |     34738 | NS      | $5483740.68   | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| TXNM Energy Inc.                            | TXNM Energy, Inc.                            | CUSIP: 69349H107<br>LEI: 5493003JOBJGLZSDDQ28 | Long             | EC               | CORP              | US        |     94862 | NS      | $5585474.56   | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Papa John's International Inc.              | Papa John's International, Inc.              | CUSIP: 698813102<br>LEI: HZYLD3DK5XOX0WBVNB56 | Long             | EC               | CORP              | US        |    200459 | NS      | $7715666.91   | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Peoples Bancorp Inc. (Ohio)                 | Peoples Bancorp Inc                          | CUSIP: 709789101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     42488 | NS      | $1275914.64   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Progress Software Corp.                     | Progress Software Corporation                | CUSIP: 743312100<br>LEI: 549300R65B3JG6972S24 | Long             | EC               | CORP              | US        |    125860 | NS      | $5406945.60   | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Quanex Building Products Corp.              | Quanex Building Products Corporation         | CUSIP: 747619104<br>LEI: 5493000TL30VL5WOAW87 | Long             | EC               | CORP              | US        |    206323 | NS      | $3173247.74   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Rev Group Inc                               | REV Group, Inc.                              | CUSIP: 749527107<br>LEI: 549300SRD0SIG5ZZ3X20 | Long             | EC               | CORP              | US        |    113978 | NS      | $6931002.18   | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Riot Platforms Inc                          | Riot Platforms, Inc.                         | CUSIP: 767292105<br>LEI: 5299005LKZAJQDQZDF73 | Long             | EC               | CORP              | US        |    122942 | NS      | $1557675.14   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Rogers Corp                                 | Rogers Corporation                           | CUSIP: 775133101<br>LEI: PW0CN80KNFR7RUOOKJ84 | Long             | EC               | CORP              | US        |     27768 | NS      | $2542715.76   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Seacoast Banking Corporation Of Florida     | Seacoast Banking Corp of Florida             | CUSIP: 811707801<br>LEI: 549300V6IC06XYQYPG88 | Long             | EC               | CORP              | US        |    185009 | NS      | $5812982.78   | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Sensient Technologies Corp                  | Sensient Technologies Corporation            | CUSIP: 81725T100<br>LEI: CMMZHMFZQG86EI7WZU92 | Long             | EC               | CORP              | US        |     49659 | NS      | $4665463.05   | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Silgan Holdings Inc.                        | Silgan Holdings, Inc.                        | CUSIP: 827048109<br>LEI: KAF673KJXD92C8KSLU49 | Long             | EC               | CORP              | US        |     79229 | NS      | $3198474.73   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Southstate Bank Corp.                       | SOUTHSTATE BANK CORP                         | CUSIP: 84472E102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     51590 | NS      | $4855134.90   | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| STAG Industrial, Inc.                       | STAG Industrial, Inc.                        | CUSIP: 85254J102<br>LEI: 549300QWYX2W6FASVQ07 | Long             | EC               | CORP              | US        |    114682 | NS      | $4215710.32   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Synaptics Incorporated                      | Synaptics, Inc.                              | CUSIP: 87157D109<br>LEI: 549300AJ3LI4FWNRQX29 | Long             | EC               | CORP              | US        |     42119 | NS      | $3117648.38   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Terreno Realty Corporation                  | Terreno Realty Corporation                   | CUSIP: 88146M101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     43710 | NS      | $2566214.10   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Capital Bancshares, Inc.              | Texas Capital Bancshares, Inc.               | CUSIP: 88224Q107<br>LEI: 549300466Q2SXRX0YM48 | Long             | EC               | CORP              | US        |     72257 | NS      | $6542148.78   | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| The Timken Company                          | Timken Company (The)                         | CUSIP: 887389104<br>LEI: B0I35MLPFXZSE70ASS73 | Long             | EC               | CORP              | US        |     56517 | NS      | $4754775.21   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| United Community Banks Inc.(South Carolina) | United Community Banks Inc                   | CUSIP: 90984P303<br>LEI: 549300GVW0FV66X3U703 | Long             | EC               | CORP              | US        |    104805 | NS      | $3272012.10   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Universal Display Corp.                     | Universal Display Corporation                | CUSIP: 91347P105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     27159 | NS      | $3171628.02   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| V.F. Corp                                   | VF Corporation                               | CUSIP: 918204108<br>LEI: CWAJJ9DJ5Z7P057HV541 | Long             | EC               | CORP              | US        |    808501 | NS      | $14617698.08  | 3.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Valmont Industries, Inc.                    | Valmont Industries, Inc.                     | CUSIP: 920253101<br>LEI: 5493009ZGZJJ8F77JN08 | Long             | EC               | CORP              | US        |     32412 | NS      | $13039995.84  | 3.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Veeco Instruments Inc.                      | Veeco Instruments, Inc.                      | CUSIP: 922417100<br>LEI: 5493004201F72ADDZW04 | Long             | EC               | CORP              | US        |     67086 | NS      | $1917317.88   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Viavi Solutions Inc                         | Viavi Solutions, Inc.                        | CUSIP: 925550105<br>LEI: 5493006K3E3N1QOBF092 | Long             | EC               | CORP              | US        |    318100 | NS      | $5668542.00   | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Vishay Precision Group Inc.                 | Vishay Precision Group, Inc.                 | CUSIP: 92835K103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     31633 | NS      | $1217870.50   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Wesbanco Inc                                | WesBanco, Inc.                               | CUSIP: 950810101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    162017 | NS      | $5385445.08   | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Ambarella Inc                               | Ambarella, Inc.                              | CUSIP: G037AX101<br>LEI: 254900XN7F4DG0CEKC02 | Long             | EC               | CORP              | US        |     36497 | NS      | $2585447.48   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Capri Holdings Ltd.                         | Capri Holdings Ltd.                          | CUSIP: G1890L107<br>LEI: 549300LPG8W0H1OX3A26 | Long             | EC               | CORP              | GB        |    223040 | NS      | $5442176.00   | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Valaris Ltd.                                | Valaris Ltd. Class A                         | CUSIP: G9460G101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     41455 | NS      | $2089332.00   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-12-31

**Name of Applicant:** SBH Small Cap Value Fund

**Signature:** Daniel D. Bauer

**Name of Signer:** Daniel D. Bauer

**Title:** Assistant Treasurer