# EDGAR Filing Document

**Accession Number:** 0000356476
**File Stem:** 0001145549-25-052252
**Filing Date:** 2025-8
**Character Count:** 68094
**Document Hash:** 2fc022a7afc753f09bec965d0d6b3bcf
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-052252.hdr.sgml**: 20250821

**ACCESSION NUMBER**: 0001145549-25-052252

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250821

**DATE AS OF CHANGE**: 20250821

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** EMPOWER FUNDS, INC.
- **CENTRAL INDEX KEY:** 0000356476

**ORGANIZATION NAME:**
- **EIN:** 840876044
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-03364
- **FILM NUMBER:** 251239076

**BUSINESS ADDRESS:**
- **STREET 1:** 8515 E ORCHARD ROAD
- **CITY:** GREENWOOD VILLAGE
- **STATE:** CO
- **ZIP:** 80111
- **BUSINESS PHONE:** 303-737-3000

**MAIL ADDRESS:**
- **STREET 1:** 8515 E ORCHARD ROAD
- **CITY:** GREENWOOD VILLAGE
- **STATE:** CO
- **ZIP:** 80111

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** GREAT-WEST FUNDS INC
- **DATE OF NAME CHANGE:** 20121005

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MAXIM SERIES FUND INC
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### Empower Small Cap Growth Fund (Series ID: S000050621)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000159789 | Investor Class      | MXMTX           |
| C000159791 | Institutional Class | MXMSX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** EMPOWER FUNDS, INC.

- **b. Investment Company Act file number:** 811-03364

- **c. CIK number of Registrant:** 0000356476

- **d. LEI of Registrant:** RUYOMHMDMSPQ01U66388

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

  - **Street Address 1:** 8515 E Orchard Road

  - **City:** Greenwood Village

  - **State:** CO

  - **Foreign country:** US

  - **Zip / Postal Code:** 80111

  - **Telephone number:** 866-831-7129

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

- **a. Name of Series:** Empower Small Cap Growth Fund

- **b. EDGAR series identifier (if any):** S000050621

- **c. LEI of Series:** V6U5QVZG8WOTNW1QX477

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

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

- **b. Date as of which information is reported:** 2025-06-30

**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:** $243036297.90

**Total Liabilities:** $1633885.90

**Net Assets:** $241402412.00

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000159789 | -1.18%               | 7.58%                | 4.93%                |
| Class ID C000159791 | -1.24%               | 7.65%                | 4.97%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-2541737.60             | $792508.83                                 |
| Month 2  | $-2663943.69             | $15092686.14                               |
| Month 3  | $-1067177.80             | $9719950.57                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Dreyfus Instl Resv                        | Dreyfus Instl Resv PFD GOVT INSTL                      | CUSIP: 26200X100<br>LEI: 549300FG0OZ5YKPLK622 | Long             | STIV             | RF                | US        |  13165368 | PA      | $13165368.00  | 5.45%             | 2025-07-01      | Variable      | 4.24%                 | No            |                  2 | On Loan: No      |
| Adma Biologics Inc                        | Adma Biologics Inc COM                                 | CUSIP: 000899104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     75457 | NS      | $1374071.96   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Academy Sports and Outdoors Inc           | Academy Sports and Outdoors Inc COM                    | CUSIP: 00402L107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     28550 | NS      | $1279325.50   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Adaptive Biotechnologies Corp             | Adaptive Biotechnologies Corp COM                      | CUSIP: 00650F109<br>LEI: 549300ZTF7OT1FW66Q96 | Long             | EC               | CORP              | US        |    173807 | NS      | $2024851.52   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Alkami Technology Inc.                    | Alkami Technology Inc. COM                             | CUSIP: 01644J108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     19352 | NS      | $583269.28    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Argan Inc                                 | Argan Inc COM                                          | CUSIP: 04010E109<br>LEI: 529900E4KZWBV9KGBS83 | Long             | EC               | CORP              | US        |      4207 | NS      | $927559.38    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| The Baldwin Insurance Group Inc           | The Baldwin Insurance Group Inc COM CL A               | CUSIP: 05589G102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     47653 | NS      | $2040024.94   | 0.85%             |  |  |  | No            |                  1 | On Loan: —       |
| BioCryst Pharmaceuticals Inc.             | BioCryst Pharmaceuticals Inc. COM USD0.01              | CUSIP: 09058V103<br>LEI: 549300Z0INP1Z5NP6J59 | Long             | EC               | CORP              | US        |     26310 | NS      | $235737.60    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Bowhead Specialty Holdings Inc            | Bowhead Specialty Holdings Inc COM SHS                 | CUSIP: 10240L102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     45683 | NS      | $1714483.02   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Box Inc.                                  | Box Inc. CL A                                          | CUSIP: 10316T104<br>LEI: 549300KQUCPD8687YS68 | Long             | EC               | CORP              | US        |     78926 | NS      | $2696901.42   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Calix Inc.                                | Calix Inc. COM USD0.01                                 | CUSIP: 13100M509<br>LEI: 5299002RQRZ4SXSCSJ58 | Long             | EC               | CORP              | US        |     12837 | NS      | $682800.04    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Confluent Inc                             | Confluent Inc CLASS A COM                              | CUSIP: 20717M103<br>LEI: 254900MRZ83YWUV7SN74 | Long             | EC               | CORP              | US        |     68305 | NS      | $1702843.66   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Core Scientific Inc                       | Core Scientific Inc COM                                | CUSIP: 21874A106<br>LEI: 549300NY2WTA02KF7L12 | Long             | EC               | CORP              | US        |     51670 | NS      | $882006.90    | 0.37%             |  |  |  | No            |                  1 | On Loan: —       |
| Core & Main Inc                           | Core & Main Inc CL A                                   | CUSIP: 21874C102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     37960 | NS      | $2290885.98   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Artivion Inc                              | Artivion Inc COM                                       | CUSIP: 228903100<br>LEI: 549300YTKV8DMSMG6K81 | Long             | EC               | CORP              | US        |     69765 | NS      | $2169691.55   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Cytokinetics Inc                          | Cytokinetics Inc COM NEW                               | CUSIP: 23282W605<br>LEI: 549300BE5DY1HW7IHA64 | Long             | EC               | CORP              | US        |     26890 | NS      | $888445.60    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Dave Inc                                  | Dave Inc CLASS A COM NEW                               | CUSIP: 23834J201<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2216 | NS      | $594796.55    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Agilysys Inc                              | Agilysys Inc COM                                       | CUSIP: 00847J105<br>LEI: 5299001XWB5V3B5IPN93 | Long             | EC               | CORP              | US        |     22166 | NS      | $2541110.25   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Allegro MicroSystems Inc                  | Allegro MicroSystems Inc COM                           | CUSIP: 01749D105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     38935 | NS      | $1331187.62   | 0.55%             |  |  |  | No            |                  1 | On Loan: —       |
| Dycom Industries, Inc.                    | Dycom Industries, Inc. COM                             | CUSIP: 267475101<br>LEI: 549300F56EKTHQI3WT60 | Long             | EC               | CORP              | US        |      8513 | NS      | $2080492.07   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Dynavax Technologies Corp.                | Dynavax Technologies Corp. COM NEW                     | CUSIP: 268158201<br>LEI: 549300T5URIXWDILX594 | Long             | EC               | CORP              | US        |    113661 | NS      | $1127517.12   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| E L F Beauty Inc                          | E L F Beauty Inc COM                                   | CUSIP: 26856L103<br>LEI: 549300U2K9TCON25C029 | Long             | EC               | CORP              | US        |     12021 | NS      | $1495893.22   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Generac Holdings Inc.                     | Generac Holdings Inc. COM                              | CUSIP: 368736104<br>LEI: 529900S2H2AHJHSFFI84 | Long             | EC               | CORP              | US        |      9988 | NS      | $1430381.48   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Grindr Inc                                | Grindr Inc COM                                         | CUSIP: 39854F101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     43857 | NS      | $995553.92    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Huron Consulting Group Inc.               | Huron Consulting Group Inc. COM                        | CUSIP: 447462102<br>LEI: 549300NGVB9H6TKTLE36 | Long             | EC               | CORP              | US        |      2911 | NS      | $400378.94    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| IMAX Corporation                          | IMAX Corporation COM                                   | CUSIP: 45245E109<br>LEI: 5493002KS2T1Q0X7VZ21 | Long             | EC               | CORP              | CA        |     20893 | NS      | $584168.28    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Insmed Inc                                | Insmed Inc COM PAR $.01                                | CUSIP: 457669307<br>LEI: 529900Q55QAG41CCAC11 | Long             | EC               | CORP              | US        |     13600 | NS      | $1368703.98   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| JBT Marel Corp.                           | JBT Marel Corp. COM                                    | CUSIP: 477839104<br>LEI: 5493007CT6ATBZ2L6826 | Long             | EC               | CORP              | US        |     13256 | NS      | $1594166.54   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Lionsgate Studios Corp.                   | Lionsgate Studios Corp. COM                            | CUSIP: 53626N102<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |    100009 | NS      | $581052.31    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Lumentum Holdings Inc.                    | Lumentum Holdings Inc. COM                             | CUSIP: 55024U109<br>LEI: 549300JLWRRC38DWEF52 | Long             | EC               | CORP              | US        |     17091 | NS      | $1624670.47   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| MNTN Inc.                                 | MNTN Inc. CL A                                         | CUSIP: 55318A108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     20635 | NS      | $451287.46    | 0.19%             |  |  |  | No            |                  1 | On Loan: —       |
| MYR Grp Inc                               | MYR Grp Inc COM                                        | CUSIP: 55405W104<br>LEI: 529900G1IMMZHOQ17I54 | Long             | EC               | CORP              | US        |     11529 | NS      | $2091937.06   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Montrose Environmental Group Inc          | Montrose Environmental Group Inc COM                   | CUSIP: 615111101<br>LEI: 254900ASI8K3LUB8Q958 | Long             | EC               | CORP              | US        |     40320 | NS      | $882604.81    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Neurocrine Biosciences Inc                | Neurocrine Biosciences Inc COM USD0.001                | CUSIP: 64125C109<br>LEI: 549300FECER0XBN49756 | Long             | EC               | CORP              | US        |     11072 | NS      | $1391639.70   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| NeuroPace Inc                             | NeuroPace Inc COM                                      | CUSIP: 641288105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     19891 | NS      | $221585.74    | 0.09%             |  |  |  | No            |                  1 | On Loan: —       |
| Ollies Bargain Outlet Holdings Inc.       | Ollies Bargain Outlet Holdings Inc. COM                | CUSIP: 681116109<br>LEI: 529900YO5DSQCPEFDZ05 | Long             | EC               | CORP              | US        |     16706 | NS      | $2201516.68   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Omada Health Inc.                         | Omada Health Inc. COM                                  | CUSIP: 68170A108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     13877 | NS      | $253949.10    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Performance Food Group Co.                | Performance Food Group Co. COM                         | CUSIP: 71377A103<br>LEI: 549300EUK8GR9IT1YK57 | Long             | EC               | CORP              | US        |     21426 | NS      | $1874132.20   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Privia Health Group Inc.                  | Privia Health Group Inc. COM                           | CUSIP: 74276R102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     58778 | NS      | $1351894.00   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Pure Storage Inc                          | Pure Storage Inc CL A                                  | CUSIP: 74624M102<br>LEI: 549300NPDB0BZTK3WO90 | Long             | EC               | CORP              | US        |     31696 | NS      | $1825055.68   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Q2 Holdings Inc                           | Q2 Holdings Inc COM                                    | CUSIP: 74736L109<br>LEI: 549300M9RKR9DZXWS696 | Long             | EC               | CORP              | US        |     16199 | NS      | $1516064.42   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| ARS Pharmaceuticals Inc                   | ARS Pharmaceuticals Inc COM                            | CUSIP: 82835W108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     74973 | NS      | $1308278.85   | 0.54%             |  |  |  | No            |                  1 | On Loan: —       |
| Soleno Therapeutics Inc                   | Soleno Therapeutics Inc COM                            | CUSIP: 834203309<br>LEI: 5493003LCY77N7FXK844 | Long             | EC               | CORP              | US        |      6716 | NS      | $562666.48    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| American Public Education Inc.            | American Public Education Inc. COM STK USD0.01         | CUSIP: 02913V103<br>LEI: 254900GZNX6TJQGM4S17 | Long             | EC               | CORP              | US        |      9319 | NS      | $283856.74    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Amicus Therapeutics Inc.                  | Amicus Therapeutics Inc. COM                           | CUSIP: 03152W109<br>LEI: 549300MRD1SMUTNBPQ53 | Long             | EC               | CORP              | US        |    166400 | NS      | $953472.02    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Starz Entertainment Corp.                 | Starz Entertainment Corp. COM                          | CUSIP: 855919106<br>LEI: 5493000JSMHPHZURLM72 | Long             | EC               | CORP              | CA        |      6672 | NS      | $107219.01    | 0.04%             |  |  |  | No            |                  1 | On Loan: —       |
| TransMedics Group Inc.                    | TransMedics Group Inc. COM                             | CUSIP: 89377M109<br>LEI: 549300060GVOSMWARH50 | Long             | EC               | CORP              | US        |     11104 | NS      | $1488047.04   | 0.62%             |  |  |  | No            |                  1 | On Loan: —       |
| Triumph Financial Inc                     | Triumph Financial Inc COM                              | CUSIP: 89679E300<br>LEI: 5493003RNRMEVYDZ1Q52 | Long             | EC               | CORP              | US        |     25795 | NS      | $1421562.47   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| UFP Technologies Inc.                     | UFP Technologies Inc. COM                              | CUSIP: 902673102<br>LEI: 549300RJ8LY41HS70C91 | Long             | EC               | CORP              | US        |       851 | NS      | $207780.16    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Amplitude Inc                             | Amplitude Inc COM CL A                                 | CUSIP: 03213A104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     22064 | NS      | $273593.60    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Avantor Inc                               | Avantor Inc COM                                        | CUSIP: 05352A100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    118886 | NS      | $1600205.57   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| VSE Corp.                                 | VSE Corp. COM                                          | CUSIP: 918284100<br>LEI: 549300QWJYQDH4U5XI15 | Long             | EC               | CORP              | US        |      3394 | NS      | $444546.12    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Valvoline Inc                             | Valvoline Inc COM                                      | CUSIP: 92047W101<br>LEI: 549300CMHPBEY6VPOT75 | Long             | EC               | CORP              | US        |     41123 | NS      | $1557328.03   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Varonis Systems Inc                       | Varonis Systems Inc COM                                | CUSIP: 922280102<br>LEI: 549300SHIVNRRH7STS26 | Long             | EC               | CORP              | US        |     40063 | NS      | $2033197.25   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Verra Mobility Corporation                | Verra Mobility Corporation COM USD0.0001               | CUSIP: 92511U102<br>LEI: 549300XX5EKGLR0M4152 | Long             | EC               | CORP              | US        |     93713 | NS      | $2379373.08   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Viant Technology Inc                      | Viant Technology Inc COM CL A                          | CUSIP: 92557A101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     13861 | NS      | $183381.03    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| The Vita Coco Company Inc                 | The Vita Coco Company Inc COM                          | CUSIP: 92846Q107<br>LEI: 54930020WXOAWHR85Y25 | Long             | EC               | CORP              | US        |     17079 | NS      | $616551.90    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Voyager Technologies Inc.                 | Voyager Technologies Inc. COM CL A                     | CUSIP: 92892B103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6064 | NS      | $238012.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Willdan Group Inc.                        | Willdan Group Inc. COM                                 | CUSIP: 96924N100<br>LEI: 529900YQO0LF5VAEKN05 | Long             | EC               | CORP              | US        |     12048 | NS      | $753120.48    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Axsome Therapeutics Inc.                  | Axsome Therapeutics Inc. COM                           | CUSIP: 05464T104<br>LEI: 549300EXGR0XLRJEIB95 | Long             | EC               | CORP              | US        |     12175 | NS      | $1270948.25   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| BEL Fuse Inc                              | BEL Fuse Inc CLASS'B'SHS USD0.1                        | CUSIP: 077347300<br>LEI: 2549009L4XYDBRRY6X39 | Long             | EC               | CORP              | US        |      4080 | NS      | $398575.20    | 0.17%             |  |  |  | No            |                  1 | On Loan: —       |
| Zurn Elkay Water Solutions Corporation    | Zurn Elkay Water Solutions Corporation COM             | CUSIP: 98983L108<br>LEI: 549300AM3633XDFU1Q85 | Long             | EC               | CORP              | US        |     46384 | NS      | $1696262.90   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Credo Technology Group Holding Ltd        | Credo Technology Group Holding Ltd ORDINARY SHARES     | CUSIP: G25457105<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |      5667 | NS      | $524707.53    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Birkenstock Holding PLC                   | Birkenstock Holding PLC COM SHS                        | CUSIP: M2029K104<br>LEI: 529900CQ8LQKQ7LIT631 | Long             | EC               | CORP              | JE        |     28204 | NS      | $1387072.75   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Cyberark Software Ltd.                    | Cyberark Software Ltd. COM ILS0.01                     | CUSIP: M2682V108<br>LEI: 529900YEXNDM894PWS93 | Long             | EC               | CORP              | IL        |      6646 | NS      | $2704124.46   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Oddity Tech Ltd.                          | Oddity Tech Ltd. SHS CL A                              | CUSIP: M7518J104<br>LEI: N/A                  | Long             | EC               | CORP              | IL        |     35673 | NS      | $2692241.35   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Stevanato Group S.p.A.                    | Stevanato Group S.p.A. ORD SHS                         | CUSIP: T9224W109<br>LEI: 81560033F7E1CD477507 | Long             | EC               | CORP              | IT        |     76666 | NS      | $1872950.43   | 0.78%             |  |  |  | No            |                  1 | On Loan: —       |
| Boise Cascade Co                          | Boise Cascade Co COM                                   | CUSIP: 09739D100<br>LEI: 549300Z8B8LSRHC7XA55 | Long             | EC               | CORP              | US        |     11900 | NS      | $1033158.01   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Boot Barn Holdings Inc                    | Boot Barn Holdings Inc COM                             | CUSIP: 099406100<br>LEI: 529900QE1BFMYA3N4E71 | Long             | EC               | CORP              | US        |     12448 | NS      | $1892096.00   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Burlington Stores Inc.                    | Burlington Stores Inc. COM                             | CUSIP: 122017106<br>LEI: 5299003Z37DVGKKC1W09 | Long             | EC               | CORP              | US        |      7050 | NS      | $1640112.02   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| D-Wave Quantum Inc.                       | D-Wave Quantum Inc. COM                                | CUSIP: 26740W109<br>LEI: 5493001U37G4PRD4GW95 | Long             | EC               | CORP              | US        |     10353 | NS      | $151567.92    | 0.06%             |  |  |  | No            |                  1 | On Loan: —       |
| Element Solutions Inc                     | Element Solutions Inc COM                              | CUSIP: 28618M106<br>LEI: 549300FLGN6P5CU20J91 | Long             | EC               | CORP              | US        |    112393 | NS      | $2545701.46   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Evercore Inc                              | Evercore Inc CLASS A                                   | CUSIP: 29977A105<br>LEI: 529900P6KLPT95DW3W58 | Long             | EC               | CORP              | US        |      7951 | NS      | $2146929.00   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Formfactor Inc                            | Formfactor Inc COM USD0.001                            | CUSIP: 346375108<br>LEI: 549300YCEEO6SZD1ZR61 | Long             | EC               | CORP              | US        |     34995 | NS      | $1204177.95   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Healthequity Inc                          | Healthequity Inc COM                                   | CUSIP: 42226A107<br>LEI: 529900LRJU1RAFQHM467 | Long             | EC               | CORP              | US        |     16403 | NS      | $1718378.26   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| KBR Inc                                   | KBR Inc COM                                            | CUSIP: 48242W106<br>LEI: 254900OFQDXZRKRCV808 | Long             | EC               | CORP              | US        |     39086 | NS      | $1873782.84   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Kirby Corp                                | Kirby Corp COM                                         | CUSIP: 497266106<br>LEI: I7NO6FZO5GUCG585T325 | Long             | EC               | CORP              | US        |     18163 | NS      | $2059865.84   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Knight-Swift Transportation Holdings Inc. | Knight-Swift Transportation Holdings Inc. CL A         | CUSIP: 499049104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     27562 | NS      | $1219067.26   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Life Time Group Holdings Inc              | Life Time Group Holdings Inc COMMON STOCK              | CUSIP: 53190C102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     47581 | NS      | $1443131.73   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Mirum Pharmaceuticals Inc.                | Mirum Pharmaceuticals Inc. COM                         | CUSIP: 604749101<br>LEI: 254900YZKR40F7F27K81 | Long             | EC               | CORP              | US        |     16764 | NS      | $853119.97    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Modine Manufacturing Co.                  | Modine Manufacturing Co. COM                           | CUSIP: 607828100<br>LEI: Z35SZFYJR8GZZRSIUU09 | Long             | EC               | CORP              | US        |     19277 | NS      | $1898784.50   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Ncino Inc.                                | Ncino Inc. COM                                         | CUSIP: 63947X101<br>LEI: 549300WVRR2WR3L6MZ46 | Long             | EC               | CORP              | US        |     47679 | NS      | $1333581.65   | 0.55%             |  |  |  | No            |                  1 | On Loan: —       |
| Nutanix Inc                               | Nutanix Inc CL A                                       | CUSIP: 67059N108<br>LEI: 549300X7J6E8TKVIXW09 | Long             | EC               | CORP              | US        |     24770 | NS      | $1893418.80   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Palomar Holdings Inc                      | Palomar Holdings Inc COM                               | CUSIP: 69753M105<br>LEI: 549300DOI1MUW11BLX74 | Long             | EC               | CORP              | US        |     11305 | NS      | $1743796.25   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| PAR Technology Corp.                      | PAR Technology Corp. COM                               | CUSIP: 698884103<br>LEI: 549300HYPTHBJQINVG57 | Long             | EC               | CORP              | US        |     41245 | NS      | $2861165.70   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Powell Industries Inc.                    | Powell Industries Inc. COM                             | CUSIP: 739128106<br>LEI: 549300V08RO7MX2UBN26 | Long             | EC               | CORP              | US        |      1537 | NS      | $323461.66    | 0.13%             |  |  |  | No            |                  1 | On Loan: —       |
| Procore Technologies Inc                  | Procore Technologies Inc COM                           | CUSIP: 74275K108<br>LEI: 5493005PTWY0RHYRAH22 | Long             | EC               | CORP              | US        |     22703 | NS      | $1553339.24   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Scholar Rock Holding Corp.                | Scholar Rock Holding Corp. COM                         | CUSIP: 80706P103<br>LEI: 549300Z1FLPGL4OWJ459 | Long             | EC               | CORP              | US        |     22138 | NS      | $784127.96    | 0.32%             |  |  |  | No            |                  1 | On Loan: —       |
| Champion Homes Inc.                       | Champion Homes Inc. COM                                | CUSIP: 830830105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     27796 | NS      | $1740307.58   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Steel Dynamics, Inc.                      | Steel Dynamics, Inc. COM STK USD0.01                   | CUSIP: 858119100<br>LEI: 549300HGGKEL4FYTTQ83 | Long             | EC               | CORP              | US        |     12051 | NS      | $1542648.54   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Stride Inc                                | Stride Inc COM                                         | CUSIP: 86333M108<br>LEI: 254900BRWS3AFONWU277 | Long             | EC               | CORP              | US        |      2298 | NS      | $333646.61    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Teradyne Inc.                             | Teradyne Inc. COM                                      | CUSIP: 880770102<br>LEI: C3X4YJ278QNZHRJULN75 | Long             | EC               | CORP              | US        |     13490 | NS      | $1213020.82   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertex Inc                                | Vertex Inc CL A                                        | CUSIP: 92538J106<br>LEI: 549300QMYW171MP1PL50 | Long             | EC               | CORP              | US        |     43088 | NS      | $1522514.49   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Wabash National Corporation               | Wabash National Corporation COM                        | CUSIP: 929566107<br>LEI: 5299004ZAWHQZI5XO485 | Long             | EC               | CORP              | US        |     59086 | NS      | $628084.17    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Warby Parker Inc                          | Warby Parker Inc CL A COM                              | CUSIP: 93403J106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8775 | NS      | $192435.75    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| FTAI Aviation Ltd                         | FTAI Aviation Ltd COM USD0.01                          | CUSIP: G3730V105<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     15274 | NS      | $1757121.00   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| TAT Technologies                          | TAT Technologies ORD NEW                               | CUSIP: M8740S227<br>LEI: N/A                  | Long             | EC               | CORP              | IL        |     16153 | NS      | $493312.62    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Aaon Inc                                  | Aaon Inc COM PAR $0.004                                | CUSIP: 000360206<br>LEI: 549300ZHF0E5VM7PUD37 | Long             | EC               | CORP              | US        |     22291 | NS      | $1643961.25   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| AAR Corp.                                 | AAR Corp. COM                                          | CUSIP: 000361105<br>LEI: MP76T5YQX3YK5VVAQ802 | Long             | EC               | CORP              | US        |     24482 | NS      | $1684116.83   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Drainage System Inc              | Advanced Drainage System Inc COM                       | CUSIP: 00790R104<br>LEI: 6QQTOZ5MF5DHM7K92I60 | Long             | EC               | CORP              | US        |     18408 | NS      | $2114342.83   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Energy Industries, Inc.          | Advanced Energy Industries, Inc. COM                   | CUSIP: 007973100<br>LEI: 549300756XI3QLFT2U27 | Long             | EC               | CORP              | US        |     15118 | NS      | $2003135.00   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Arcellx Inc                               | Arcellx Inc COMMON STOCK                               | CUSIP: 03940C100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3200 | NS      | $210720.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Beta Bionics Inc.                         | Beta Bionics Inc. COM                                  | CUSIP: 08659B102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     20765 | NS      | $302338.40    | 0.13%             |  |  |  | No            |                  1 | On Loan: —       |
| Biolife Solutions Inc.                    | Biolife Solutions Inc. COM NEW                         | CUSIP: 09062W204<br>LEI: 549300G2IVCMC2TJDW72 | Long             | EC               | CORP              | US        |     61532 | NS      | $1325399.27   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Braze Inc                                 | Braze Inc COM CL A                                     | CUSIP: 10576N102<br>LEI: 9845007B9EDBFD37C277 | Long             | EC               | CORP              | US        |     39644 | NS      | $1113996.39   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| CECO Environmental Corp.                  | CECO Environmental Corp. COM                           | CUSIP: 125141101<br>LEI: 5493002CZCTL4HGLIY91 | Long             | EC               | CORP              | US        |     48381 | NS      | $1369666.12   | 0.57%             |  |  |  | No            |                  1 | On Loan: —       |
| CRA International Inc.                    | CRA International Inc. COM                             | CUSIP: 12618T105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4705 | NS      | $881575.85    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Caredx Inc                                | Caredx Inc COM                                         | CUSIP: 14167L103<br>LEI: 549300NQOFKL9NON0U06 | Long             | EC               | CORP              | US        |     11096 | NS      | $216815.84    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Celsius Holdings Inc.                     | Celsius Holdings Inc. COM NEW                          | CUSIP: 15118V207<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     36315 | NS      | $1684652.85   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| CeriBell Inc.                             | CeriBell Inc. COM                                      | CUSIP: 15678C102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     71335 | NS      | $1336104.53   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Chefs Warehouse Inc.                      | Chefs Warehouse Inc. COM                               | CUSIP: 163086101<br>LEI: 549300JYEDC8C547E980 | Long             | EC               | CORP              | US        |      9804 | NS      | $625593.24    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Clearwater Analytics Holdings Inc         | Clearwater Analytics Holdings Inc CL A                 | CUSIP: 185123106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     60705 | NS      | $1331260.66   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Coastal Financial Corp.                   | Coastal Financial Corp. COM NEW                        | CUSIP: 19046P209<br>LEI: 549300XG5L36T6IU0B47 | Long             | EC               | CORP              | US        |     23050 | NS      | $2232853.49   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Conmed Corporation                        | Conmed Corporation COM                                 | CUSIP: 207410101<br>LEI: Z6C0YCECH9DCU5ZIQW84 | Long             | EC               | CORP              | US        |     17647 | NS      | $919055.76    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| DigitalBridge Group Inc                   | DigitalBridge Group Inc CL A NEW                       | CUSIP: 25401T603<br>LEI: 549300XG87L902AGBO89 | Long             | EC               | CORP              | US        |    125609 | NS      | $1300053.15   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| FTI Consulting, Inc.                      | FTI Consulting, Inc. COM USD0.01                       | CUSIP: 302941109<br>LEI: 549300K17GM8EQD0FQ48 | Long             | EC               | CORP              | US        |      7659 | NS      | $1236928.50   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Flowco Holdings Inc.                      | Flowco Holdings Inc. COM CL A                          | CUSIP: 342909108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     64633 | NS      | $1151113.76   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Glacier Bancorp Inc.                      | Glacier Bancorp Inc. COM USD0.01                       | CUSIP: 37637Q105<br>LEI: 549300SMJAUKZB5D7V74 | Long             | EC               | CORP              | US        |     35148 | NS      | $1514175.84   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Grid Dynamics Holdings Inc.               | Grid Dynamics Holdings Inc. CL A                       | CUSIP: 39813G109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     27665 | NS      | $319530.75    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Irhythm Technologies Inc                  | Irhythm Technologies Inc COM                           | CUSIP: 450056106<br>LEI: 549300FJI72RJGDQS384 | Long             | EC               | CORP              | US        |     12611 | NS      | $1941589.51   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Kratos Defense & Security Solutions, Inc. | Kratos Defense & Security Solutions, Inc. COM NEW      | CUSIP: 50077B207<br>LEI: 5493000EKBN0UY1F3F88 | Long             | EC               | CORP              | US        |     59506 | NS      | $2764053.72   | 1.14%             |  |  |  | No            |                  1 | On Loan: —       |
| Lenz Therapeutics Inc                     | Lenz Therapeutics Inc COM                              | CUSIP: 52635N103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6365 | NS      | $186558.15    | 0.08%             |  |  |  | No            |                  1 | On Loan: —       |
| Life360 Inc.                              | Life360 Inc. COM                                       | CUSIP: 532206109<br>LEI: 254900VO9VDOQBQAHF07 | Long             | EC               | CORP              | US        |     14275 | NS      | $931443.75    | 0.39%             |  |  |  | No            |                  1 | On Loan: —       |
| Limbach Holdings Inc.                     | Limbach Holdings Inc. COM                              | CUSIP: 53263P105<br>LEI: 254900EW8KXT5ZTWQI30 | Long             | EC               | CORP              | US        |      5173 | NS      | $724737.29    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| LIncoln Educational Services Corp.        | LIncoln Educational Services Corp. COM                 | CUSIP: 533535100<br>LEI: 549300BJ55KUY6RG7L98 | Long             | EC               | CORP              | US        |     12649 | NS      | $291559.45    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Liveramp Holdings Inc                     | Liveramp Holdings Inc COM                              | CUSIP: 53815P108<br>LEI: 254900GXS75LG1X7RF88 | Long             | EC               | CORP              | US        |     43029 | NS      | $1421678.17   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Mercury Systems Inc                       | Mercury Systems Inc COM USD0.01                        | CUSIP: 589378108<br>LEI: 549300P3B84SGK7HH679 | Long             | EC               | CORP              | US        |      8839 | NS      | $476068.54    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| OSI System Inc.                           | OSI System Inc. COM NPV                                | CUSIP: 671044105<br>LEI: DDX3MPX1Y8YD30050X33 | Long             | EC               | CORP              | US        |      3102 | NS      | $697515.71    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Opera Limited                             | Opera Limited SPONSORED ADS                            | CUSIP: 68373M107<br>LEI: 5493001ULS7KDNNZ3W51 | Long             | EC               | CORP              | KY        |     37446 | NS      | $707729.40    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| PTC Inc                                   | PTC Inc COM                                            | CUSIP: 69370C100<br>LEI: 54930050SSMU8SKDJ030 | Long             | EC               | CORP              | US        |     15017 | NS      | $2588029.76   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Patrick Industries Inc.                   | Patrick Industries Inc. COM                            | CUSIP: 703343103<br>LEI: 549300FZ5ZTCCJ3Z5W14 | Long             | EC               | CORP              | US        |     24536 | NS      | $2263936.68   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Paymentus Holdings Inc                    | Paymentus Holdings Inc COM CL A                        | CUSIP: 70439P108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     25960 | NS      | $850190.00    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Phreesia Inc                              | Phreesia Inc COM                                       | CUSIP: 71944F106<br>LEI: 5493000HHF8NU4QOCG53 | Long             | EC               | CORP              | US        |     68603 | NS      | $1952441.42   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Piper Sandler Companies                   | Piper Sandler Companies COM                            | CUSIP: 724078100<br>LEI: QUQDBTUSOAKFEVMRMF78 | Long             | EC               | CORP              | US        |      2059 | NS      | $572278.46    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Primoris Services Corp.                   | Primoris Services Corp. COM                            | CUSIP: 74164F103<br>LEI: 549300UF3OLBJ8D5K349 | Long             | EC               | CORP              | US        |     10041 | NS      | $782595.54    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Procept Biorobotics Corp.                 | Procept Biorobotics Corp. COM                          | CUSIP: 74276L105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5999 | NS      | $345542.40    | 0.14%             |  |  |  | No            |                  1 | On Loan: —       |
| RB Global Inc                             | RB Global Inc COM                                      | CUSIP: 74935Q107<br>LEI: 5493002H8U24DJXQ4886 | Long             | EC               | CORP              | CA        |     11813 | NS      | $1254422.48   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Red Violet Inc                            | Red Violet Inc COM                                     | CUSIP: 75704L104<br>LEI: 549300T4EGADG881UU63 | Long             | EC               | CORP              | US        |      5768 | NS      | $283785.60    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Rhythm Pharmaceuticals Inc                | Rhythm Pharmaceuticals Inc COM                         | CUSIP: 76243J105<br>LEI: 529900JPNWXQ8DPLA551 | Long             | EC               | CORP              | US        |     10044 | NS      | $634680.36    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryan Specialty Holdings Inc               | Ryan Specialty Holdings Inc CL A                       | CUSIP: 78351F107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     27926 | NS      | $1898688.75   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Sezzle Inc.                               | Sezzle Inc. COM                                        | CUSIP: 78435P105<br>LEI: 9845000CA64541AE3I35 | Long             | EC               | CORP              | US        |      2092 | NS      | $374991.00    | 0.16%             |  |  |  | No            |                  1 | On Loan: —       |
| SS&C Technologies Holdings Inc.           | SS&C Technologies Holdings Inc. COM USD0.01            | CUSIP: 78467J100<br>LEI: 529900POY8H7NPPNKK71 | Long             | EC               | CORP              | US        |     24690 | NS      | $2044332.01   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| SPX Technologies, Inc.                    | SPX Technologies, Inc. COM                             | CUSIP: 78473E103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16250 | NS      | $2724800.05   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| GeneDx Holdings Corp                      | GeneDx Holdings Corp COM CL A                          | CUSIP: 81663L200<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     18780 | NS      | $1733581.81   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| SentinelOne Inc                           | SentinelOne Inc CL A                                   | CUSIP: 81730H109<br>LEI: 984500DCD44DBF954221 | Long             | EC               | CORP              | US        |     68235 | NS      | $1247335.78   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Shift4 Payments Inc                       | Shift4 Payments Inc CL A                               | CUSIP: 82452J109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16777 | NS      | $1662768.49   | 0.69%             |  |  |  | No            |                  1 | On Loan: —       |
| SI-BONE Inc.                              | SI-BONE Inc. COM                                       | CUSIP: 825704109<br>LEI: 549300J8JGYVJJHV9C31 | Long             | EC               | CORP              | US        |     57777 | NS      | $1087363.13   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Sprout Social Inc.                        | Sprout Social Inc. COM CL A                            | CUSIP: 85209W109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     29322 | NS      | $613123.02    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Sterling Infrastructure Inc               | Sterling Infrastructure Inc COM                        | CUSIP: 859241101<br>LEI: 549300RZIK6K1215XU51 | Long             | EC               | CORP              | US        |      3408 | NS      | $786327.84    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Stifel Financial Corporation              | Stifel Financial Corporation COM                       | CUSIP: 860630102<br>LEI: 549300E5F07FE5GHJX84 | Long             | EC               | CORP              | US        |     25321 | NS      | $2627813.36   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Sunopta Inc                               | Sunopta Inc COM                                        | CUSIP: 8676EP108<br>LEI: 54930010CP0KEPPRPA40 | Long             | EC               | CORP              | CA        |    181463 | NS      | $1052485.39   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Synaptics Incorporated                    | Synaptics Incorporated COM USD0.001                    | CUSIP: 87157D109<br>LEI: 549300AJ3LI4FWNRQX29 | Long             | EC               | CORP              | US        |     23960 | NS      | $1553087.23   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| TWFG Inc.                                 | TWFG Inc. COM CL A                                     | CUSIP: 87318A101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7508 | NS      | $262780.00    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Twist Bioscience Corporation              | Twist Bioscience Corporation COM                       | CUSIP: 90184D100<br>LEI: 549300T23BL59LCOH584 | Long             | EC               | CORP              | US        |     35771 | NS      | $1316015.12   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Ultragenyx Pharmaceuticals Inc            | Ultragenyx Pharmaceuticals Inc COM                     | CUSIP: 90400D108<br>LEI: 529900EV44GVDN1DCX77 | Long             | EC               | CORP              | US        |     31090 | NS      | $1130432.40   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Universal Technical Institute, Inc.       | Universal Technical Institute, Inc. COM USD0.0001      | CUSIP: 913915104<br>LEI: 2549003YOJGAZ0PVFV48 | Long             | EC               | CORP              | US        |     25604 | NS      | $867719.56    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Vericel Corporation                       | Vericel Corporation COM                                | CUSIP: 92346J108<br>LEI: 54930076YM3PLTDR4B91 | Long             | EC               | CORP              | US        |     35024 | NS      | $1490271.24   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Virtu Financial Inc                       | Virtu Financial Inc CL A                               | CUSIP: 928254101<br>LEI: 5493001OPW2K42CH3884 | Long             | EC               | CORP              | US        |     31794 | NS      | $1424053.26   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Vital Farms Inc.                          | Vital Farms Inc. COM                                   | CUSIP: 92847W103<br>LEI: 549300S6NYY7ER3XOT61 | Long             | EC               | CORP              | US        |     46956 | NS      | $1808745.10   | 0.75%             |  |  |  | No            |                  1 | On Loan: —       |
| Waystar Holding Corp                      | Waystar Holding Corp COM                               | CUSIP: 946784105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     48244 | NS      | $1971732.28   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Weave Communications Inc.                 | Weave Communications Inc. COM                          | CUSIP: 94724R108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     22462 | NS      | $186883.84    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Alkermes PLC                              | Alkermes PLC COM USD0.01                               | CUSIP: G01767105<br>LEI: N/A                  | Long             | EC               | CORP              | IE        |     43603 | NS      | $1247481.82   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Ambarella Inc                             | Ambarella Inc COM USD0.00045                           | CUSIP: G037AX101<br>LEI: 254900XN7F4DG0CEKC02 | Long             | EC               | CORP              | KY        |      3450 | NS      | $227924.26    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Essent Group Ltd.                         | Essent Group Ltd. COM USD0.015                         | CUSIP: G3198U102<br>LEI: 254900QUO860OUT6ZF83 | Long             | EC               | CORP              | BM        |     34705 | NS      | $2107634.64   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| International Game Technology PLC         | International Game Technology PLC USD0.00015625        | CUSIP: G4863A108<br>LEI: 549300UQ6KHRCZDRGZ76 | Long             | EC               | CORP              | GB        |    120821 | NS      | $1910180.00   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Kestra Medical Technologies Ltd.          | Kestra Medical Technologies Ltd. SHS                   | CUSIP: G52441105<br>LEI: N/A                  | Long             | EC               | CORP              | BM        |     14835 | NS      | $245964.30    | 0.10%             |  |  |  | No            |                  1 | On Loan: —       |
| TechnipFMC PLC                            | TechnipFMC PLC USD1                                    | CUSIP: G87110105<br>LEI: 549300D5I93QWCJTCK36 | Long             | EC               | CORP              | GB        |     61178 | NS      | $2106970.30   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| On Holding AG                             | On Holding AG NAMEN AKT A                              | CUSIP: H5919C104<br>LEI: N/A                  | Long             | EC               | CORP              | CH        |     32701 | NS      | $1702087.02   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| OneSpaWorld Holdings Ltd.                 | OneSpaWorld Holdings Ltd. COM                          | CUSIP: P73684113<br>LEI: 5493007W8PZ8W6UC2X76 | Long             | EC               | CORP              | BS        |     18390 | NS      | $374972.10    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Arcosa Inc                                | Arcosa Inc COM                                         | CUSIP: 039653100<br>LEI: 549300WFHLTCZV7D6V29 | Long             | EC               | CORP              | US        |     11163 | NS      | $967943.75    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Azenta Inc                                | Azenta Inc COM USD0.01                                 | CUSIP: 114340102<br>LEI: 35ZN6X1ANPH25YN32Y17 | Long             | EC               | CORP              | US        |     25872 | NS      | $796340.16    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Ciena Corporation                         | Ciena Corporation COM NEW                              | CUSIP: 171779309<br>LEI: W0CZ7N0GH8UIGXDM1H41 | Long             | EC               | CORP              | US        |     25460 | NS      | $2070661.78   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Construction Partners Inc.                | Construction Partners Inc. COM CL A                    | CUSIP: 21044C107<br>LEI: 549300MHLFL4E8JLZU44 | Long             | EC               | CORP              | US        |     22313 | NS      | $2371425.66   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Evolent Health, Inc.                      | Evolent Health, Inc. CL A                              | CUSIP: 30050B101<br>LEI: 549300CZOCFHQ2BBTR11 | Long             | EC               | CORP              | US        |    115941 | NS      | $1305495.66   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Flowserve Corporation                     | Flowserve Corporation COM                              | CUSIP: 34354P105<br>LEI: 6Y0GK87T6V7NJKZJVM41 | Long             | EC               | CORP              | US        |     42169 | NS      | $2207547.12   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Haemonetics Corp                          | Haemonetics Corp COM                                   | CUSIP: 405024100<br>LEI: 549300ZEL6TXZS6F5F95 | Long             | EC               | CORP              | US        |     27711 | NS      | $2067517.72   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Hawkins Inc                               | Hawkins Inc COM                                        | CUSIP: 420261109<br>LEI: 549300VL3IJ23OWX1Y34 | Long             | EC               | CORP              | US        |      2672 | NS      | $379691.20    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Itron, Inc.                               | Itron, Inc. COM                                        | CUSIP: 465741106<br>LEI: 24F6LSZD18II6ICG6S41 | Long             | EC               | CORP              | US        |     14286 | NS      | $1880466.18   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Natural Grocers By Vitamin Cottage Inc.   | Natural Grocers By Vitamin Cottage Inc. COM            | CUSIP: 63888U108<br>LEI: 529900P4OTXDGBUS3O87 | Long             | EC               | CORP              | US        |     17763 | NS      | $697197.75    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Ocular Therapeutix Inc                    | Ocular Therapeutix Inc COM                             | CUSIP: 67576A100<br>LEI: 529900ABAWFXOHSIHG03 | Long             | EC               | CORP              | US        |    141655 | NS      | $1314558.41   | 0.54%             |  |  |  | No            |                  1 | On Loan: —       |
| Skyward Specialty Insurance Group Inc     | Skyward Specialty Insurance Group Inc COM              | CUSIP: 830940102<br>LEI: 549300GXGXJG0YH4VN21 | Long             | EC               | CORP              | US        |     38052 | NS      | $2199025.08   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Tarsus Pharmaceuticals Inc                | Tarsus Pharmaceuticals Inc COM                         | CUSIP: 87650L103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     20716 | NS      | $839205.16    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Travere Therapeutics Inc                  | Travere Therapeutics Inc COM                           | CUSIP: 89422G107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     15321 | NS      | $226750.80    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Kiniksa Pharmaceuticals International PLC | Kiniksa Pharmaceuticals International PLC ORD SHS CL A | CUSIP: G52694109<br>LEI: N/A                  | Long             | EC               | CORP              | GB        |     46859 | NS      | $1296588.56   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Marex Group Plc                           | Marex Group Plc ORD                                    | CUSIP: G5S37H101<br>LEI: 549300DWX0SVICJAL507 | Long             | EC               | CORP              | GB        |     10326 | NS      | $407567.22    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| JFrog Ltd                                 | JFrog Ltd ORD SHS                                      | CUSIP: M6191J100<br>LEI: N/A                  | Long             | EC               | CORP              | IL        |     53222 | NS      | $2335381.35   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-20

**Name of Applicant:** EMPOWER FUNDS, INC.

**Signature:** /s/Kelly New

**Name of Signer:** Kelly New

**Title:** Treasurer, Empower Funds, Inc.