# EDGAR Filing Document

**Accession Number:** 0000877670
**File Stem:** 0000940400-26-023187
**Filing Date:** 2026-6
**Character Count:** 149807
**Document Hash:** 9fd1ba91b5df247ac8c5456d19ea77d7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-26-023187.hdr.sgml**: 20260601

**ACCESSION NUMBER**: 0000940400-26-023187

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260601

**DATE AS OF CHANGE**: 20260601

**PERIOD START**: 20260930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** GABELLI EQUITY SERIES FUNDS INC
- **CENTRAL INDEX KEY:** 0000877670

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** NY
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-06367
- **FILM NUMBER:** 261049289

**BUSINESS ADDRESS:**
- **STREET 1:** ONE CORPORATE CENTER
- **STREET 2:** ONE CORPORATE CENTER
- **CITY:** RYE
- **STATE:** NY
- **ZIP:** 10580
- **BUSINESS PHONE:** 9149217728

**MAIL ADDRESS:**
- **STREET 1:** ONE CORPORATE CENTER
- **STREET 2:** ONE CORPORATE CENTER
- **CITY:** RYE
- **STATE:** NY
- **ZIP:** 10580

## Series and Classes Contracts Data

### THE GABELLI SMALL CAP GROWTH FUND (Series ID: S000001062)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000002854 | CLASS A      | GCASX           |
| C000002855 | CLASS AAA    | GABSX           |
| C000002857 | CLASS C      | GCCSX           |
| C000061073 | Class I      | GACIX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Gabelli Equity Series Funds Inc

- **b. Investment Company Act file number:** 811-06367

- **c. CIK number of Registrant:** 0000877670

- **d. LEI of Registrant:** 5493007J8TJQ0MSHWY40

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

  - **Street Address 1:** One Corporate Center

  - **City:** Rye

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10580-1422

  - **Telephone number:** 1-800-422-3554

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

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

- **b. EDGAR series identifier (if any):** S000001062

- **c. LEI of Series:** 5493004KDRWUBCSSBJ87

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

- **a. Date of fiscal year-end:** 2026-09-30

- **b. Date as of which information is reported:** 2026-03-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $1818100339.79

**Total Liabilities:** $2816437.74

**Net Assets:** $1815283902.05

**Assets Attributable to Miscellaneous Securities:** $22772645.09

**Cash Not Reported:** $1125504.80

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000002857 | 5.29%                | 4.19%                | -7.19%               |
| Class ID C000061073 | 5.42%                | 4.25%                | -7.10%               |
| Class ID C000002855 | 5.38%                | 4.24%                | -7.13%               |
| Class ID C000002854 | 5.39%                | 4.23%                | -7.12%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $19161561.33             | $78345144.64                               |
| Month 2  | $33672961.99             | $46478070.54                               |
| Month 3  | $6875964.76              | $-147313100.35                             |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Jungheinrich AG                           | Jungheinrich AG NON VTG PRF SHS NPV                   | CUSIP: 000000000<br>LEI: 529900PHZORTU6FSXE73 | Long             | EP               | CORP              | DE        |     78000 | NS      | $2336851.30   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Marathon Petroleum Corp.                  | Marathon Petroleum Corp. COM                          | CUSIP: 56585A102<br>LEI: 3BNYRYQHD39K4LCKQF12 | Long             | EC               | CORP              | US        |     19000 | NS      | $4639420.00   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Gorman-Rupp Co                            | Gorman-Rupp Co COM                                    | CUSIP: 383082104<br>LEI: 254900WVLPOIWPGJPA07 | Long             | EC               | CORP              | US        |    720000 | NS      | $44733600.00  | 2.46%             |  |  |  | No            |                  1 | On Loan: No      |
| F N B Corp (Pennsylvania)                 | F N B Corp (Pennsylvania) COM                         | CUSIP: 302520101<br>LEI: PCYSKIGYNYFDTBLVZU83 | Long             | EC               | CORP              | US        |     66000 | NS      | $1103520.00   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| BEL Fuse Inc                              | BEL Fuse Inc CL B                                     | CUSIP: 077347300<br>LEI: 2549009L4XYDBRRY6X39 | Short            | EC               | CORP              | US        |     -4000 | NS      | $-791920.00   | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| Take-Two Interactive Software Inc.        | Take-Two Interactive Software Inc. COM                | CUSIP: 874054109<br>LEI: BOMSTHHJK882EWYX3334 | Long             | EC               | CORP              | US        |      7800 | NS      | $1540500.00   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| TRINITY PLACE HOLDINGS INC                | Trinity Place Holdings Inc. COM                       | CUSIP: 89656D101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    300000 | NS      | $8250.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Nathans Famous Inc                        | Nathans Famous Inc COM                                | CUSIP: 632347100<br>LEI: 54930034SKNSF1JIE673 | Long             | EC               | CORP              | US        |    155200 | NS      | $15633296.00  | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Tootsie Roll Industries Inc.              | Tootsie Roll Industries Inc. COM                      | CUSIP: 890516107<br>LEI: 529900SBKOV9XX4M4Q35 | Long             | EC               | CORP              | US        |     33475 | NS      | $1430052.00   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Biglari Holdings Inc.                     | Biglari Holdings Inc. COM STK CL A                    | CUSIP: 08986R408<br>LEI: 549300GLWWSODF8TM682 | Long             | EC               | CORP              | US        |      1070 | NS      | $1864678.30   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Sphere Entertainment Co.                  | Sphere Entertainment Co. CL A                         | CUSIP: 55826T102<br>LEI: 254900ZW4JWKYRZZ9A91 | Long             | EC               | CORP              | US        |     95000 | NS      | $11153000.00  | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| TPHGREENWICH TRUST                        | TPHGREENWICH TRUST                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     80000 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| LIONSGATE STUDIOS CORP                    | Lionsgate Studios Corp. COM                           | CUSIP: 53626N102<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |    580000 | NS      | $5562200.00   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| CHOFU SEISAKUSHO CO LTD                   | Chofu Seisakusho NPV                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     32000 | NS      | $402457.39    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Ametek, Inc.                              | Ametek, Inc. COM                                      | CUSIP: 031100100<br>LEI: 549300WZDEF9KKE40E98 | Long             | EC               | CORP              | US        |    370900 | NS      | $79506124.00  | 4.38%             |  |  |  | No            |                  1 | On Loan: No      |
| European Equity Fd                        | European Equity Fd COM                                | CUSIP: 298768102<br>LEI: 5493008XBHSH29XH9329 | Long             | EC               | RF                | US        |     32229 | NS      | $318744.81    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| HANOVER BANCORP INC (MD)                  | Hanover Bancorp Inc COM                               | CUSIP: 410709109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     25000 | NS      | $539750.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| FLUSHING FINANCIAL CORP                   | Flushing Financial Corp. COM                          | CUSIP: 343873105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    295000 | NS      | $4531200.00   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Energizer Holdings Inc                    | Energizer Holdings Inc COM                            | CUSIP: 29272W109<br>LEI: 5493000D6NN0V57UME20 | Long             | EC               | CORP              | US        |    131000 | NS      | $2151020.00   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Broadband Corporation             | Liberty Broadband Corporation COM SER A               | CUSIP: 530307107<br>LEI: 549300MIX43II8JLN536 | Long             | EC               | CORP              | US        |     13000 | NS      | $652860.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Badger Meter Inc                          | Badger Meter Inc COM                                  | CUSIP: 056525108<br>LEI: 5493002JENE20OGTUG20 | Long             | EC               | CORP              | US        |    100500 | NS      | $15311175.00  | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Yakult Honsha Co Ltd                      | Yakult Honsha Co Ltd NPV                              | CUSIP: 000000000<br>LEI: 353800YJPSPGG7KI0S71 | Long             | EC               | CORP              | JP        |    205000 | NS      | $3435934.60   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| PULTEGROUP INC                            | Pulte Group Inc COM                                   | CUSIP: 745867101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     21600 | NS      | $2540376.00   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Irish Continental Group PLC               | Irish Continental Group PLC                           | CUSIP: 000000000<br>LEI: 635400FQKB6QXERQOC74 | Long             | EC               | CORP              | IE        |     18600 | NS      | $136302.46    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| The Timken Company                        | The Timken Company COM                                | CUSIP: 887389104<br>LEI: B0I35MLPFXZSE70ASS73 | Long             | EC               | CORP              | US        |     36000 | NS      | $3620520.00   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Gogo Inc                                  | Gogo Inc COM                                          | CUSIP: 38046C109<br>LEI: 549300VL3DIHSFHYTO04 | Long             | EC               | CORP              | US        |     61000 | NS      | $245220.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| D.R. Horton, Inc.                         | D.R. Horton, Inc. COM                                 | CUSIP: 23331A109<br>LEI: 529900ZIUEYVSB8QDD25 | Long             | EC               | CORP              | US        |      6500 | NS      | $891930.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Bills              | B 0 05/28/26                                          | CUSIP: 912797SW8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2330000 | PA      | $2316637.85   | 0.13%             | 2026-05-28      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Kratos Defense & Security Solutions, Inc. | Kratos Defense & Security Solutions, Inc. COM NEW     | CUSIP: 50077B207<br>LEI: 5493000EKBN0UY1F3F88 | Long             | EC               | CORP              | US        |      6500 | NS      | $458315.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlanta Braves Holdings Inc               | Atlanta Braves Holdings Inc COM SER A                 | CUSIP: 047726104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    182232 | NS      | $8592238.80   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Stryker Corporation                       | Stryker Corporation COM                               | CUSIP: 863667101<br>LEI: 5493002F0SC4JTBU5137 | Long             | EC               | CORP              | US        |      3000 | NS      | $985770.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Dana Inc.                                 | Dana Inc. COM                                         | CUSIP: 235825205<br>LEI: KVWHW7YLZPFJM8QYNJ51 | Long             | EC               | CORP              | US        |    720000 | NS      | $24228000.00  | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Kobayashi Pharmaceutical Co Ltd           | Kobayashi Pharmaceutical Co Ltd NPV                   | CUSIP: 000000000<br>LEI: 529900WBSL04KD6TKP95 | Long             | EC               | CORP              | JP        |      3300 | NS      | $122534.89    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Krispy Kreme Inc                          | Krispy Kreme Inc COM                                  | CUSIP: 50101L106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     81000 | NS      | $274590.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Thomasville Bancshares Inc                | Thomasville Bancshares Inc                            | CUSIP: 884608100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     14500 | NS      | $1352125.00   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Waterloo Investment Holdings L            | Waterloo Investment Holdings Ltd                      | CUSIP: 000000000<br>LEI: 213800TZIK14GMV2YL02 | Long             | EC               | CORP              | VG        |     10000 | NS      | $3500.00      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Arcosa Inc                                | Arcosa Inc COM                                        | CUSIP: 039653100<br>LEI: 549300WFHLTCZV7D6V29 | Long             | EC               | CORP              | US        |     71000 | NS      | $7535940.00   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Iveco Group NV                            | Iveco Group NV EUR0.01                                | CUSIP: 000000000<br>LEI: 549300ZWF2ZJDD9EOR96 | Long             | EC               | CORP              | NL        |     55000 | NS      | $1216763.30   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Pets At Home Group PLC                    | Pets At Home Group PLC ORD GBP0.01                    | CUSIP: 000000000<br>LEI: 2138003Y9ULD24PD3J93 | Long             | EC               | CORP              | GB        |     75000 | NS      | $179877.24    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Toll Brothers, Inc.                       | Toll Brothers, Inc. COM                               | CUSIP: 889478103<br>LEI: 529900JB6IS9MSZGVR44 | Long             | EC               | CORP              | US        |      5200 | NS      | $709644.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Valley National Bancorp.                  | Valley National Bancorp. COM                          | CUSIP: 919794107<br>LEI: 549300ET52S1UBIB9762 | Long             | EC               | CORP              | US        |    221000 | NS      | $2713880.00   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| T.HASEGAWA CO LTD                         | THasegawa Co NPV                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     13000 | NS      | $231404.18    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Monarch Cement Co/The                     | Monarch Cement Co/The                                 | CUSIP: 609031307<br>LEI: 549300ZMPJCNSENB3O72 | Long             | EC               | CORP              | US        |       420 | NS      | $107100.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ALSOK CO LTD                              | Alsok Co Ltd. NPV                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    337000 | NS      | $2654295.71   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| GCI LIBERTY INC                           | GCI Liberty Inc. COM SER C                            | CUSIP: 36164V800<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9000 | NS      | $334890.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal Signal Corp.                      | Federal Signal Corp. COM                              | CUSIP: 313855108<br>LEI: 549300RTXZRPTNP6G884 | Long             | EC               | CORP              | US        |    156000 | NS      | $16869840.00  | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| PARK-OHIO HOLDINGS CORP                   | Park Ohio Holdings Corp. COM                          | CUSIP: 700666100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    326701 | NS      | $7853892.04   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| GATX Corporation                          | GATX Corporation COM                                  | CUSIP: 361448103<br>LEI: 549300IHYHCQP2PIR591 | Long             | EC               | CORP              | US        |    289500 | NS      | $49429230.00  | 2.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Huntington Bancshares Incorporated        | Huntington Bancshares Incorporated COM                | CUSIP: 446150104<br>LEI: 549300XTVCVV9I7B5T19 | Long             | EC               | CORP              | US        |    410000 | NS      | $6416500.00   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| BorgWarner Inc.                           | BorgWarner Inc. COM                                   | CUSIP: 099724106<br>LEI: 549300DSFX2IE88NSX47 | Long             | EC               | CORP              | US        |    142000 | NS      | $7704920.00   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| SINCLAIR INC                              | Sinclair Inc. CL A                                    | CUSIP: 829242106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    265000 | NS      | $3429100.00   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Gaming and Leisure Properties Inc         | Gaming and Leisure Properties Inc COM                 | CUSIP: 36467J108<br>LEI: 5493006GWRDBCZYWTM57 | Long             | EC               | CORP              | US        |     47500 | NS      | $2107575.00   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Vestas Wind Systems AS                    | Vestas Wind Systems AS DKK0.20                        | CUSIP: 000000000<br>LEI: 549300DYMC8BGZZC8844 | Long             | EC               | CORP              | DK        |     50000 | NS      | $1470565.49   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Rush Enterprises Inc.                     | Rush Enterprises Inc. CL B                            | CUSIP: 781846308<br>LEI: 529900V3XHTN7A6DFT17 | Long             | EC               | CORP              | US        |    471500 | NS      | $30341025.00  | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| NVR Inc                                   | NVR Inc COM                                           | CUSIP: 62944T105<br>LEI: 529900RWXR4JI3JYTV70 | Long             | EC               | CORP              | US        |      1050 | NS      | $6919321.50   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Spire Inc                                 | Spire Inc COM                                         | CUSIP: 84857L101<br>LEI: 549300NXSY15DRY2R511 | Long             | EC               | CORP              | US        |      5400 | NS      | $488916.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Rollins Inc                               | Rollins Inc COM                                       | CUSIP: 775711104<br>LEI: 549300F2A0BXT4SGWD84 | Long             | EC               | CORP              | US        |    145000 | NS      | $7744450.00   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Valvoline Inc                             | Valvoline Inc COM                                     | CUSIP: 92047W101<br>LEI: 549300CMHPBEY6VPOT75 | Long             | EC               | CORP              | US        |     55000 | NS      | $1852400.00   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Gray Media Inc.                           | Gray Media Inc. COM                                   | CUSIP: 389375106<br>LEI: 529900TM5726KDN7UU35 | Long             | EC               | CORP              | US        |     25000 | NS      | $108500.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| PENN Entertainment Inc                    | PENN Entertainment Inc COM                            | CUSIP: 707569109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3000 | NS      | $45090.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Ollamani SAB                              | Ollamani SAB CPO                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | MX        |    300000 | NS      | $1226078.22   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Nobility Homes Inc                        | Nobility Homes Inc COM                                | CUSIP: 654892108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     75500 | NS      | $2265377.50   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Greif, Inc.                               | Greif, Inc. CL A                                      | CUSIP: 397624107<br>LEI: 54930070FVGKR0Z1FI24 | Long             | EC               | CORP              | US        |    103500 | NS      | $6941745.00   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Morguard Corporation                      | Morguard Corporation COM                              | CUSIP: 617577101<br>LEI: 894500JC9OPGOKN1CA34 | Long             | EC               | CORP              | CA        |     89200 | NS      | $7364402.27   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Farmer Bros Co                            | Farmer Bros Co COM                                    | CUSIP: 307675108<br>LEI: 5493006PMLETBTVJ3262 | Long             | EC               | CORP              | US        |     99000 | NS      | $125730.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| AMC Networks Inc                          | AMC Networks Inc CL A                                 | CUSIP: 00164V103<br>LEI: 549300VGG9K75226LR46 | Long             | EC               | CORP              | US        |     56000 | NS      | $380240.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| J&J Snack Foods Corp                      | J&J Snack Foods Corp COM                              | CUSIP: 466032109<br>LEI: 894500IGP1Y2ZQFQMJ83 | Long             | EC               | CORP              | US        |     22500 | NS      | $1783575.00   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| CNH INDUSTRIAL NV                         | CNH Industrial N.V. COM EUR0.01                       | CUSIP: 000000000<br>LEI: 549300WGC2HZ5J67V817 | Long             | EC               | CORP              | NL        |   1400000 | NS      | $15400000.00  | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Albany International Corp.                | Albany International Corp. CL A                       | CUSIP: 012348108<br>LEI: L73WCPNCZIRSQGZTW097 | Long             | EC               | CORP              | US        |     83000 | NS      | $4333430.00   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Chesapeake Utilities Corporation          | Chesapeake Utilities Corporation COM                  | CUSIP: 165303108<br>LEI: 254900WW0FDCKAOCKE74 | Long             | EC               | CORP              | US        |      9800 | NS      | $1238426.00   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Garrett Motion Inc                        | Garrett Motion Inc COM                                | CUSIP: 366505105<br>LEI: 549300LS5WT7EMBNV724 | Long             | EC               | CORP              | US        |    100000 | NS      | $1817000.00   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| SOUTHERN FIRST BANCSHARES INC             | Southern First Bancshares Inc. COM                    | CUSIP: 842873101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11500 | NS      | $626750.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| The Greenbrier Companies, Inc.            | The Greenbrier Companies, Inc. COM                    | CUSIP: 393657101<br>LEI: 5493001GAGGFR30BP390 | Long             | EC               | CORP              | US        |     82200 | NS      | $4327830.00   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Franklin Electric Co Inc                  | Franklin Electric Co Inc COM                          | CUSIP: 353514102<br>LEI: RR6AURIKMXUE4Q24G284 | Long             | EC               | CORP              | US        |    150000 | NS      | $13825500.00  | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| LIBERTY GLOBAL LTD                        | Liberty Global Ltd. COM CL A                          | CUSIP: 000000000<br>LEI: 213800HRMKKTYH7SKA24 | Long             | EC               | CORP              | BM        |    190000 | NS      | $2297100.00   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Rockwell Automation, Inc.                 | Rockwell Automation, Inc. COM                         | CUSIP: 773903109<br>LEI: VH3R4HHBHH12O0EXZJ88 | Long             | EC               | CORP              | US        |     17200 | NS      | $6172736.00   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| VALUE LINE INC                            | Value Line Inc. COM                                   | CUSIP: 920437100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     34308 | NS      | $1210729.32   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Seritage Growth Properties                | Seritage Growth Properties CL A                       | CUSIP: 81752R100<br>LEI: 5493003CJFC2MM82WB25 | Long             | EC               | CORP              | US        |     25000 | NS      | $70250.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Harley-Davidson, Inc.                     | Harley-Davidson, Inc. COM                             | CUSIP: 412822108<br>LEI: ZDNAWZWXIKMWI51R2A08 | Long             | EC               | CORP              | US        |      2000 | NS      | $40440.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Crazy Woman Creek Bancorp Inc             | Crazy Woman Creek Bancorp Inc                         | CUSIP: 225233105<br>LEI: 549300CO3PQ9U193BI03 | Long             | EC               | CORP              | US        |     20800 | NS      | $638560.00    | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| LEGACY HOUSING CORP                       | Legacy Housing Corp. COM                              | CUSIP: 52472M101<br>LEI: V6WE5M18QYITU8L1QF76 | Long             | EC               | CORP              | US        |      3000 | NS      | $61290.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Woodward Inc.                             | Woodward Inc. COM                                     | CUSIP: 980745103<br>LEI: YPYKXXTR8TFDH54ZMB45 | Long             | EC               | CORP              | US        |     17200 | NS      | $6156224.00   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Reading Intl Inc                          | Reading Intl Inc CL A                                 | CUSIP: 755408101<br>LEI: 549300OHQRI7MW2NQU72 | Long             | EC               | CORP              | US        |     50000 | NS      | $56500.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Newmarket Corporation                     | Newmarket Corporation COM                             | CUSIP: 651587107<br>LEI: 54930082CG88ERDREQ47 | Long             | EC               | CORP              | US        |      5600 | NS      | $3589320.00   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| VEON LTD                                  | Veon Ltd. SPONSORED ADS                               | CUSIP: 91822M502<br>LEI: 5493008CA3NMHYEVT131 | Long             | EC               | CORP              | BM        |     41500 | NS      | $1921450.00   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Bills              | B 0 05/21/26                                          | CUSIP: 912797SV0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6630000 | PA      | $6596654.35   | 0.36%             | 2026-05-21      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Cogeco Inc                                | Cogeco Inc SUB-VTG SHS NPV                            | CUSIP: 19238T100<br>LEI: 5493000KSZQCX0QM2V25 | Long             | EC               | CORP              | CA        |     24000 | NS      | $1196118.18   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| IDT Corp                                  | IDT Corp CL B NEW                                     | CUSIP: 448947507<br>LEI: 549300JNTN7ZMJDFCL56 | Long             | EC               | CORP              | US        |      3500 | NS      | $171850.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Southwest Gas Holdings Inc                | Southwest Gas Holdings Inc COM                        | CUSIP: 844895102<br>LEI: 254900LKF9EV0CUKNE09 | Long             | EC               | CORP              | US        |     26500 | NS      | $2302850.00   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Align Technology Inc.                     | Align Technology Inc. COM                             | CUSIP: 016255101<br>LEI: 549300N5YSE0U3LCP840 | Long             | EC               | CORP              | US        |      5400 | NS      | $925722.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Nissin Foods Holdings Co Ltd.             | Nissin Foods Holdings Co Ltd. NPV                     | CUSIP: 000000000<br>LEI: 529900YMZMNSHC1W6V41 | Long             | EC               | CORP              | JP        |    130500 | NS      | $2470952.40   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Roper Technologies Inc                    | Roper Technologies Inc COM                            | CUSIP: 776696106<br>LEI: 54930003T4SXCIWVXY35 | Long             | EC               | CORP              | US        |     13400 | NS      | $4741724.00   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Electromed Inc                            | Electromed Inc COM                                    | CUSIP: 285409108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     28500 | NS      | $667185.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Straumann Holding AG                      | Straumann Holding AG CHF0.01 (REGD) (POST SPLIT)      | CUSIP: 000000000<br>LEI: 50670046ML5FVIM60Z37 | Long             | EC               | CORP              | CH        |     19000 | NS      | $1948474.24   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| La-Z-Boy Inc                              | La-Z-Boy Inc COM                                      | CUSIP: 505336107<br>LEI: 549300WNO1WMN9ZG2519 | Long             | EC               | CORP              | US        |     48800 | NS      | $1568432.00   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| CAPITOL FEDERAL FINANCIAL INC             | Capitol Fed Fin In COM                                | CUSIP: 14057J101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     12300 | NS      | $87699.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| TELEPHONE & DATA SYSTEMS INC              | Telephone and Data Systems Inc. COM NEW               | CUSIP: 879433829<br>LEI: 5299003YZW5BE2NNLO37 | Long             | EC               | CORP              | US        |     35500 | NS      | $1494550.00   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| BREMBO NV                                 | Brembo N V NPV                                        | CUSIP: 000000000<br>LEI: 549300BLWVJN2BAT0A44 | Long             | EC               | CORP              | NL        |    832000 | NS      | $7803929.33   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Hawkins Inc                               | Hawkins Inc COM                                       | CUSIP: 420261109<br>LEI: 549300VL3IJ23OWX1Y34 | Long             | EC               | CORP              | US        |     35400 | NS      | $5437440.00   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Loomis AB                                 | Loomis AB NPV                                         | CUSIP: 000000000<br>LEI: 213800NS2XXVRYS7WP40 | Long             | EC               | CORP              | SE        |     40000 | NS      | $1809298.96   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinross Gold Corp.                        | Kinross Gold Corp. COM                                | CUSIP: 496902404<br>LEI: 254900O9KHF2A1ZXPT47 | Long             | EC               | CORP              | CA        |     95000 | NS      | $2899400.00   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Astec Industries Inc.                     | Astec Industries Inc. COM                             | CUSIP: 046224101<br>LEI: 5493002DO2QKHLKB2A48 | Long             | EC               | CORP              | US        |    343000 | NS      | $18467120.00  | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Cadiz Inc                                 | Cadiz Inc COM NEW                                     | CUSIP: 127537207<br>LEI: 549300PFFIS1TCKZS151 | Long             | EC               | CORP              | US        |     10000 | NS      | $49100.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Hawaiian Electric Industries, Inc.        | Hawaiian Electric Industries, Inc. COM                | CUSIP: 419870100<br>LEI: JJ8FWOCWCV22X7GUPJ23 | Long             | EC               | CORP              | US        |     20000 | NS      | $296800.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| S4 Capital PLC                            | S4 Capital PLC ORD GBP0.25                            | CUSIP: 000000000<br>LEI: 21380068SP9V65KPQN68 | Long             | EC               | CORP              | GB        |    340000 | NS      | $125106.67    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| News Corporation                          | News Corporation CL A                                 | CUSIP: 65249B109<br>LEI: 549300ITS31QK8VRBQ14 | Long             | EC               | CORP              | US        |     34000 | NS      | $847620.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Innovate Corporation                      | Innovate Corporation COM NEW                          | CUSIP: 45784J303<br>LEI: 549300S6O246JWQQ1K58 | Long             | EC               | CORP              | US        |     15500 | NS      | $88040.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Sonoco Products Company                   | Sonoco Products Company COM                           | CUSIP: 835495102<br>LEI: GKOMIK4RDJGHEF0VNP11 | Long             | EC               | CORP              | US        |     53200 | NS      | $2877588.00   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| TINGYI (CAYMAN ISLANDS) HOLDING CORP      | Tingyi (Cayman Islands) Holding Corp. ORD USD0.005    | CUSIP: 000000000<br>LEI: 5299009MPI9B60VN4P25 | Long             | EC               | CORP              | KY        |    625000 | NS      | $1034599.30   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Neogenomics Inc                           | Neogenomics Inc COM NEW                               | CUSIP: 64049M209<br>LEI: 549300KN62PPGHBVXB46 | Long             | EC               | CORP              | US        |     14000 | NS      | $103880.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Embraer S.A.                              | Embraer S.A. SPONSORED ADS                            | CUSIP: 29082A107<br>LEI: 549300EM51WYXFHUY333 | Long             | EC               | CORP              | BR        |      2500 | NS      | $148350.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Eagle Bancorp Inc                         | Eagle Bancorp Inc COM                                 | CUSIP: 268948106<br>LEI: 549300B47NZODRMG3D47 | Long             | EC               | CORP              | US        |     37500 | NS      | $932625.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| BellRing Intermediate Holdings Inc.       | BellRing Intermediate Holdings Inc. COMMON STOCK      | CUSIP: 07831C103<br>LEI: 549300S3BOK5CMTS8054 | Long             | EC               | CORP              | US        |     14000 | NS      | $225260.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Graco Inc                                 | Graco Inc COM                                         | CUSIP: 384109104<br>LEI: 4T5VJ4S81BRT6Q7GGT78 | Long             | EC               | CORP              | US        |    400000 | NS      | $33860000.00  | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Arq, Inc.                                 | Arq, Inc. COM                                         | CUSIP: 00770C101<br>LEI: 52990086HRJSW2EZQH40 | Long             | EC               | CORP              | US        |     30000 | NS      | $76800.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Strattec Security Corp.                   | Strattec Security Corp. COM                           | CUSIP: 863111100<br>LEI: 549300Z394OP8S8TSR40 | Long             | EC               | CORP              | US        |    244500 | NS      | $19154130.00  | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| GAM Holding AG                            | GAM Holding AG                                        | CUSIP: 000000000<br>LEI: 549300GGVID7ZGDMX291 | Long             | EC               | CORP              | CH        |    370000 | NS      | $49049.52     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Central and Eastern Europe Fund Inc       | Central and Eastern Europe Fund Inc                   | CUSIP: 153436100<br>LEI: 549300TSXFIOF89ZI608 | Long             | EC               | RF                | US        |     38500 | NS      | $704550.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Textron Inc.                              | Textron Inc. COM                                      | CUSIP: 883203101<br>LEI: 3PPKBHUG1HD6BO7RNR87 | Long             | EC               | CORP              | US        |    330500 | NS      | $28938580.00  | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Astronics Corp                            | Astronics Corp                                        | CUSIP: 046433207<br>LEI: 549300NNXCF8H4MSMK17 | Long             | EC               | CORP              | US        |     25000 | NS      | $1668625.00   | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Enerpac Tool Group Corp                   | Enerpac Tool Group Corp CL A COM                      | CUSIP: 292765104<br>LEI: IZW37BPZKUJE1QXGB081 | Long             | EC               | CORP              | US        |     18000 | NS      | $656460.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Distribution Solutions Group Inc          | Distribution Solutions Group Inc COM                  | CUSIP: 520776105<br>LEI: 549300H1YXSE5TXMGL51 | Long             | EC               | CORP              | US        |     94000 | NS      | $2466560.00   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Smith(Ao)Corp                             | Smith(Ao)Corp COM                                     | CUSIP: 831865209<br>LEI: 549300XG4US7UJNECY36 | Long             | EC               | CORP              | US        |     17200 | NS      | $1134168.00   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Wolverine World Wide, Inc.                | Wolverine World Wide, Inc. COM                        | CUSIP: 978097103<br>LEI: 549300OVC7PK14LQ8D87 | Long             | EC               | CORP              | US        |    120000 | NS      | $1958400.00   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Middleby Corp.                            | Middleby Corp. COM                                    | CUSIP: 596278101<br>LEI: JDFO86U9VQRBKW5KYA35 | Long             | EC               | CORP              | US        |     50000 | NS      | $6629000.00   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| BASSETT FURNITURE INDUSTRIES INC          | Bassett Furniture Industries Inc. COM                 | CUSIP: 070203104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    161500 | NS      | $2285225.00   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| O'Reilly Automotive Inc.                  | O'Reilly Automotive Inc. COM                          | CUSIP: 67103H107<br>LEI: 549300K2RLMQL149Q332 | Long             | EC               | CORP              | US        |     64500 | NS      | $5953995.00   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Televisa S.A.B.                     | Grupo Televisa S.A.B. SPON ADR REP ORD                | CUSIP: 40049J206<br>LEI: 549300O4AF0C816ILN62 | Long             | EC               | CORP              | MX        |    850000 | NS      | $2473500.00   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Crane Co.                                 | Crane Co. COMMON STOCK                                | CUSIP: 224408104<br>LEI: 5493000CQRQOTHUODL75 | Long             | EC               | CORP              | US        |    313500 | NS      | $53608500.00  | 2.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Genting Singapore Ltd.                    | Genting Singapore Ltd. NPV                            | CUSIP: 000000000<br>LEI: 254900Y2N3AK93K1O866 | Long             | EC               | CORP              | SG        |    745000 | NS      | $391129.35    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| ICU Medical Inc                           | ICU Medical Inc COM                                   | CUSIP: 44930G107<br>LEI: 5493003NRW7LS2QZRH60 | Long             | EC               | CORP              | US        |     28000 | NS      | $3616200.00   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Xerox Holdings Corporation                | Xerox Holdings Corporation COM NEW                    | CUSIP: 98421M106<br>LEI: 5493000Y33XDVO2CXC18 | Long             | EC               | CORP              | US        |     50000 | NS      | $64500.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Morinaga Milk Industry Co Ltd             | Morinaga Milk Industry Co Ltd NPV                     | CUSIP: 000000000<br>LEI: 529900FB91P7MVO08949 | Long             | EC               | CORP              | JP        |    124000 | NS      | $3722226.77   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| NEW Germany Fund                          | NEW Germany Fund COM                                  | CUSIP: 644465106<br>LEI: 549300TPS2RTTJ8O3C08 | Long             | EC               | RF                | US        |     99000 | NS      | $1011780.00   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Enpro Inc                                 | Enpro Inc COM                                         | CUSIP: 29355X107<br>LEI: 549300Y5CFT2LKCFDN54 | Long             | EC               | CORP              | US        |     39200 | NS      | $9825480.00   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Pentair PLC                               | Pentair PLC COM USD0.01                               | CUSIP: 000000000<br>LEI: 549300EVR9D56WPSRP15 | Long             | EC               | CORP              | IE        |     12500 | NS      | $1088875.00   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Oil-Dri Corporation Of America            | Oil-Dri Corporation Of America COM                    | CUSIP: 677864100<br>LEI: 549300RSG5KPUH16WH66 | Long             | EC               | CORP              | US        |    137200 | NS      | $8930348.00   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| John Wiley & Sons Inc                     | John Wiley & Sons Inc                                 | CUSIP: 968223305<br>LEI: 5493003XM719UN7E8P64 | Long             | EC               | CORP              | US        |      4500 | NS      | $172800.00    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Daktronics Inc.                           | Daktronics Inc. COM                                   | CUSIP: 234264109<br>LEI: 549300IOLZ3SG5YUJ288 | Long             | EC               | CORP              | US        |     57000 | NS      | $1114350.00   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Astronics Corp.                           | Astronics Corp. COM                                   | CUSIP: 046433108<br>LEI: 549300NNXCF8H4MSMK17 | Long             | EC               | CORP              | US        |      8500 | NS      | $567205.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Reading International Inc                 | Reading International Inc                             | CUSIP: 755408200<br>LEI: 549300OHQRI7MW2NQU72 | Long             | EC               | CORP              | US        |      7000 | NS      | $63000.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CMS Energy Corporation                    | CMS Energy Corporation COM                            | CUSIP: 125896100<br>LEI: 549300IA9XFBAGNIBW29 | Long             | EC               | CORP              | US        |     35000 | NS      | $2715300.00   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Burnham Holdings Inc                      | Burnham Holdings Inc                                  | CUSIP: 122295108<br>LEI: 549300VHOKZIOWQUFV59 | Long             | EC               | CORP              | US        |     80000 | NS      | $2080000.00   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Latin America Ltd                 | Liberty Latin America Ltd COM USD0.01 CL A            | CUSIP: 000000000<br>LEI: 213800YWQHEAX7CAVO83 | Long             | EC               | CORP              | BM        |     70000 | NS      | $604800.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| The Toro Company                          | The Toro Company COM                                  | CUSIP: 891092108<br>LEI: YJKE4YIT6BWQHVEW0D14 | Long             | EC               | CORP              | US        |     30500 | NS      | $2849920.00   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Minerals Technologies Inc.                | Minerals Technologies Inc. COM                        | CUSIP: 603158106<br>LEI: 549300D3I1QU67GP6403 | Long             | EC               | CORP              | US        |     65000 | NS      | $4609800.00   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Huntsman Corporation                      | Huntsman Corporation COM                              | CUSIP: 447011107<br>LEI: 5299000V56320A7RIQ67 | Long             | EC               | CORP              | US        |     25000 | NS      | $332750.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Shimano Inc.                              | Shimano Inc. NPV                                      | CUSIP: 000000000<br>LEI: 529900L32YT3P9DECR10 | Long             | EC               | CORP              | JP        |      3700 | NS      | $383044.01    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Modine Manufacturing Co.                  | Modine Manufacturing Co. COM                          | CUSIP: 607828100<br>LEI: Z35SZFYJR8GZZRSIUU09 | Long             | EC               | CORP              | US        |     95700 | NS      | $20739147.00  | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Boyd Gaming Corporation                   | Boyd Gaming Corporation COM                           | CUSIP: 103304101<br>LEI: 254900787YGRYS2A1Z35 | Long             | EC               | CORP              | US        |     23000 | NS      | $1890140.00   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Matthews International Corp               | Matthews International Corp CL A                      | CUSIP: 577128101<br>LEI: 549300ZVC5O0ATML6U61 | Long             | EC               | CORP              | US        |     50000 | NS      | $1291000.00   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Churchill Downs Inc                       | Churchill Downs Inc COM                               | CUSIP: 171484108<br>LEI: 529900FODTBQC8MIS994 | Long             | EC               | CORP              | US        |    129000 | NS      | $11588070.00  | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Herc Holdings Inc                         | Herc Holdings Inc COM                                 | CUSIP: 42704L104<br>LEI: 549300TP80QLITMSBP82 | Long             | EC               | CORP              | US        |    152000 | NS      | $15131600.00  | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Bills              | B 0 06/11/26                                          | CUSIP: 912797QX8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1711000 | PA      | $1698865.40   | 0.09%             | 2026-06-11      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| AUTONATION INC                            | AutoNation, Inc. COM                                  | CUSIP: 05329W102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     93000 | NS      | $18159180.00  | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Alithya Group Inc                         | Alithya Group Inc                                     | CUSIP: 01643B106<br>LEI: 549300KFFXPJJY1FDW42 | Long             | EC               | CORP              | CA        |    350000 | NS      | $346010.00    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| The Scotts Miracle-Gro Company            | The Scotts Miracle-Gro Company CL A                   | CUSIP: 810186106<br>LEI: 2TH9E0JTOUXOEGI2R879 | Long             | EC               | CORP              | US        |     25000 | NS      | $1520250.00   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| APA Corp.                                 | APA Corp. COM                                         | CUSIP: 03743Q108<br>LEI: 549300VCIWLRHYVSHC79 | Long             | EC               | CORP              | US        |     32000 | NS      | $1358080.00   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Dynasty Fine Wines Group Ltd              | Dynasty Fine Wines Group Ltd                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | HK        |    500000 | NS      | $14028.47     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| OPKO Health, Inc.                         | OPKO Health, Inc. COM                                 | CUSIP: 68375N103<br>LEI: 529900A4S2D4OGOJLL02 | Long             | EC               | CORP              | US        |    170000 | NS      | $193800.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MGP Ingredients Inc.                      | MGP Ingredients Inc. COM                              | CUSIP: 55303J106<br>LEI: 2549006OMHFVZ4MS8538 | Long             | EC               | CORP              | US        |      8000 | NS      | $147120.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Nuvera Communications Inc                 | Nuvera Communications Inc                             | CUSIP: 67075V100<br>LEI: 549300RONDZIOWF5NR14 | Long             | EC               | CORP              | US        |     86000 | NS      | $1161000.00   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| TFS Financial Corp                        | TFS Financial Corp COM                                | CUSIP: 87240R107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16000 | NS      | $224800.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| XPLR Infrastructure LP                    | XPLR Infrastructure LP COM UNIT PART IN               | CUSIP: 65341B106<br>LEI: 5493008F4ZOQFNG3WN54 | Long             | EC               | CORP              | US        |     75000 | NS      | $796500.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Masimo Corporation                        | Masimo Corporation COM                                | CUSIP: 574795100<br>LEI: 549300Q4A8JK0PIYCU29 | Long             | EC               | CORP              | US        |     21300 | NS      | $3788631.00   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Chart Industries Inc                      | Chart Industries Inc COM                              | CUSIP: 16115Q308<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | EC               | CORP              | US        |      9200 | NS      | $1902100.00   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Vina Concha Y Toro SA                     | Vina Concha Y Toro SA COM NPV                         | CUSIP: 000000000<br>LEI: 5493008GQ74NEYBVB518 | Long             | EC               | CORP              | CL        |    370000 | NS      | $353226.85    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| United Rentals, Inc.                      | United Rentals, Inc. COM                              | CUSIP: 911363109<br>LEI: 5323X5O7RN0NKFCDRY08 | Long             | EC               | CORP              | US        |     31300 | NS      | $22803928.00  | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Broadband Corporation             | Liberty Broadband Corporation COM SER C               | CUSIP: 530307305<br>LEI: 549300MIX43II8JLN536 | Long             | EC               | CORP              | US        |     11000 | NS      | $553300.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Cogeco Communications Inc                 | Cogeco Communications Inc SUB VTG SHS                 | CUSIP: 19239C106<br>LEI: 549300XHH6LJM6IAXV57 | Long             | EC               | CORP              | CA        |     10000 | NS      | $507512.04    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Movado Group Inc                          | Movado Group Inc COM                                  | CUSIP: 624580106<br>LEI: 549300WCGCGPWGHVXM59 | Long             | EC               | CORP              | US        |     70000 | NS      | $1709400.00   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Ardagh Metal Packaging S A                | Ardagh Metal Packaging S A SHS                        | CUSIP: 000000000<br>LEI: 5493009WKQTU4FN9G032 | Long             | EC               | CORP              | LU        |     45000 | NS      | $182250.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MIDDLESEX WATER CO                        | Middlesex Water Co. COM                               | CUSIP: 596680108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3500 | NS      | $182175.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Full House Resorts Inc.                   | Full House Resorts Inc. COM                           | CUSIP: 359678109<br>LEI: 5493009DKIWW0H901Y82 | Long             | EC               | CORP              | US        |    533500 | NS      | $1200375.00   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Lennar Corp.                              | Lennar Corp. CL B                                     | CUSIP: 526057302<br>LEI: 529900G61XVRLX5TJX09 | Long             | EC               | CORP              | US        |    316200 | NS      | $26598744.00  | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Ranpak Holdings Corp.                     | Ranpak Holdings Corp. COM CL A                        | CUSIP: 75321W103<br>LEI: 5493000Z9EZR9DCYOO86 | Long             | EC               | CORP              | US        |     85000 | NS      | $303450.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| OPENLANE Inc                              | OPENLANE Inc COM                                      | CUSIP: 48238T109<br>LEI: 5493004HKD20LBSG7D03 | Long             | EC               | CORP              | US        |    179000 | NS      | $5217850.00   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Commercial Vehicle Group, Inc.            | Commercial Vehicle Group, Inc. COM                    | CUSIP: 202608105<br>LEI: 5493006OG8I91X0K7Q22 | Long             | EC               | CORP              | US        |     77000 | NS      | $262570.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Eastern Co                                | Eastern Co COM                                        | CUSIP: 276317104<br>LEI: 5493005F8SU7UCM5D285 | Long             | EC               | CORP              | US        |    156000 | NS      | $3157440.00   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| ARKO CORP                                 | ARKO Corp. COM                                        | CUSIP: 041242108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     25000 | NS      | $139000.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Griffon Corp                              | Griffon Corp COM                                      | CUSIP: 398433102<br>LEI: 5493000C2SGNC7ZN3242 | Long             | EC               | CORP              | US        |    172500 | NS      | $12537300.00  | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Crown Holdings Inc                        | Crown Holdings Inc COM                                | CUSIP: 228368106<br>LEI: NYLWZIOY8PUNIT4JOE22 | Long             | EC               | CORP              | US        |     89500 | NS      | $8972375.00   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Puradyn Filter Technologies In            | Puradyn Filter Technologies Inc                       | CUSIP: 746091107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     45000 | NS      | $0.05         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Crane NXT Co                              | Crane NXT Co COM                                      | CUSIP: 224441105<br>LEI: 549300EXNPSXEWUD3N21 | Long             | EC               | CORP              | US        |    127500 | NS      | $5175225.00   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| AZZ Inc                                   | AZZ Inc COM                                           | CUSIP: 002474104<br>LEI: 549300HD1X2NFLWPYC83 | Long             | EC               | CORP              | US        |     50000 | NS      | $6256500.00   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Corus Entertainment Inc                   | Corus Entertainment Inc                               | CUSIP: 220874101<br>LEI: 549300DVZFTUMM4M2O84 | Long             | EC               | CORP              | CA        |    165000 | NS      | $3558.34      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Fox Corporation                           | Fox Corporation CL B COM                              | CUSIP: 35137L204<br>LEI: 549300DDU6FDRBIELS05 | Long             | EC               | CORP              | US        |      5800 | NS      | $307980.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Sensient Technologies Corp                | Sensient Technologies Corp COM                        | CUSIP: 81725T100<br>LEI: CMMZHMFZQG86EI7WZU92 | Long             | EC               | CORP              | US        |     22500 | NS      | $1944900.00   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| AMPCO PITTSBURGH CORP                     | Ampco Pittsburgh Corp. COM                            | CUSIP: 032037103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    208000 | NS      | $1397760.00   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Sunrise Communications AG                 | Sunrise Communications AG CHF0.1 A                    | CUSIP: 000000000<br>LEI: 213800RS9HRGTWOGCO08 | Long             | EC               | CORP              | CH        |     42000 | NS      | $2485542.77   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Moog Inc                                  | Moog Inc                                              | CUSIP: 615394301<br>LEI: 549300WM2I4U7OBAHG07 | Long             | EC               | CORP              | US        |     18212 | NS      | $5370809.86   | 0.30%             |  |  |  | No            |                  2 | On Loan: No      |
| LIBERTY GLOBAL LTD                        | Liberty Global Ltd. COM CL C                          | CUSIP: 000000000<br>LEI: 213800HRMKKTYH7SKA24 | Long             | EC               | CORP              | BM        |    122000 | NS      | $1431060.00   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Lamar Advertising Company                 | Lamar Advertising Company CL A                        | CUSIP: 512816109<br>LEI: 529900Y8WW4MKVPTB543 | Long             | EC               | CORP              | US        |     17500 | NS      | $2216550.00   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Capital Properties Inc                    | Capital Properties Inc                                | CUSIP: 140430109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     83500 | NS      | $1129337.50   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| UNITED GUARDIAN INC                       | UTD Guardian COM                                      | CUSIP: 910571108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     38000 | NS      | $251940.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Lincoln Electric Holdings Inc.            | Lincoln Electric Holdings Inc. COM                    | CUSIP: 533900106<br>LEI: BIMGBY40SIN95O01BN93 | Long             | EC               | CORP              | US        |     36500 | NS      | $9091420.00   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| MARINE PRODUCTS CORP                      | Marine Products Corp. COM                             | CUSIP: 568427108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    216000 | NS      | $1570320.00   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Manchester United PLC                     | Manchester United PLC COM USD0.0005 CL 'A'            | CUSIP: 000000000<br>LEI: 529900GWGZPE83MJOV59 | Long             | EC               | CORP              | KY        |    150000 | NS      | $2523000.00   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Renesas Electronics Corp.                 | Renesas Electronics Corp. NPV                         | CUSIP: 000000000<br>LEI: 5299000EPC47VJQOFB81 | Long             | EC               | CORP              | JP        |     30000 | NS      | $406697.96    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Northwest Natural Holding Company         | Northwest Natural Holding Company COM                 | CUSIP: 66765N105<br>LEI: 254900PSJL6ZEC8FR782 | Long             | EC               | CORP              | US        |     73000 | NS      | $3885060.00   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Landis & Gyr Group AG                     | Landis & Gyr Group AG CHF10 (REGD)                    | CUSIP: 000000000<br>LEI: 529900PZYVAKCYSLFL19 | Long             | EC               | CORP              | CH        |     30000 | NS      | $1894697.35   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Bowlin Travel Centers Inc                 | Bowlin Travel Centers Inc                             | CUSIP: 10259P101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     53000 | NS      | $208820.00    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| HK&S HOTELS                               | Hongkong & Shanghai Hotels Ltd/The                    | CUSIP: 000000000<br>LEI: 5299001258RHH99P1A15 | Long             | EC               | CORP              | HK        |   2500000 | NS      | $1865148.19   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Limoneira Co.                             | Limoneira Co. COM                                     | CUSIP: 532746104<br>LEI: 549300UCPZVJGYHI7550 | Long             | EC               | CORP              | US        |     64000 | NS      | $858880.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| HOMETRUST BANCSHARES INC                  | Hometrust Bancshares Inc. COM                         | CUSIP: 437872104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2000 | NS      | $85300.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Xerox Holdings Corporation                | Xerox Holdings Corporation WT EXP 021128              | CUSIP: 98421M114<br>LEI: 5493000Y33XDVO2CXC18 | Long             | EC               | CORP              | US        |     20000 | NS      | $1810.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Sanfilippo(John B)                        | Sanfilippo(John B) COM                                | CUSIP: 800422107<br>LEI: 5299007IBEYVXKYDUX28 | Long             | EC               | CORP              | US        |     28500 | NS      | $2260905.00   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Sally Beauty Holdings Inc.                | Sally Beauty Holdings Inc. COM                        | CUSIP: 79546E104<br>LEI: 529900VXW6E8ONDIQ271 | Long             | EC               | CORP              | US        |    245000 | NS      | $3393250.00   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Lindsay Corp                              | Lindsay Corp COM                                      | CUSIP: 535555106<br>LEI: 549300ZFO0QG5H8TPI61 | Long             | EC               | CORP              | US        |     30000 | NS      | $3572100.00   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Maple Leaf Foods Inc.                     | Maple Leaf Foods Inc. COM NPV                         | CUSIP: 564905107<br>LEI: 549300LX07S5J8F76F37 | Long             | EC               | CORP              | CA        |    594000 | NS      | $12810006.47  | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Blue Bird Corp.                           | Blue Bird Corp. COM                                   | CUSIP: 095306106<br>LEI: 5493004ZXJUUWQ65ER59 | Long             | EC               | CORP              | US        |     19000 | NS      | $1079010.00   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| MKS Inc.                                  | MKS Inc. COM                                          | CUSIP: 55306N104<br>LEI: 549300KEQATBHAGVF505 | Long             | EC               | CORP              | US        |     10700 | NS      | $2458967.00   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| National Beverage Corp.                   | National Beverage Corp. COM                           | CUSIP: 635017106<br>LEI: 549300O9MZIQJI8TGV17 | Long             | EC               | CORP              | US        |     10500 | NS      | $353325.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| China Tontine Wines Group Ltd             | China Tontine Wines Group Ltd                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | HK        |     82000 | NS      | $3241.85      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Edgewell Personal Care Co                 | Edgewell Personal Care Co COM                         | CUSIP: 28035Q102<br>LEI: 549300CY8QZDL4Z3RU59 | Long             | EC               | CORP              | US        |     20000 | NS      | $426800.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Capital City Bank Group Inc.              | Capital City Bank Group Inc. COM                      | CUSIP: 139674105<br>LEI: 254900NVLVUJQZKTQE82 | Long             | EC               | CORP              | US        |      2000 | NS      | $86920.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Rogers Corp                               | Rogers Corp COM                                       | CUSIP: 775133101<br>LEI: PW0CN80KNFR7RUOOKJ84 | Long             | EC               | CORP              | US        |     10000 | NS      | $1073300.00   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Armstrong Flooring Inc                    | Armstrong Flooring Inc                                | CUSIP: 04238R106<br>LEI: 549300GBU3OBQ2CBLJ59 | Long             | EC               | CORP              | US        |    200000 | NS      | $20.00        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| INNOVATIVE SOLUTIONS AND SUPPORT INC      | Innovative Solutio COM                                | CUSIP: 45769N105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     58000 | NS      | $1190740.00   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Willamette Valley Vineyards In            | Willamette Valley Vineyards Inc                       | CUSIP: 969136100<br>LEI: 549300EVPVY057V3C517 | Long             | EC               | CORP              | US        |     20000 | NS      | $51400.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ETHAN ALLEN INTERIORS INC                 | Ethan Allen Interiors Inc. COM                        | CUSIP: 297602104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5000 | NS      | $111300.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Greif, Inc.                               | Greif, Inc. CL B                                      | CUSIP: 397624206<br>LEI: 54930070FVGKR0Z1FI24 | Long             | EC               | CORP              | US        |     93500 | NS      | $8184990.00   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| NAVIGATOR HOLDINGS LTD                    | Navigator Holdings Ltd. ORD SHS                       | CUSIP: 000000000<br>LEI: 213800H7RVOFYARK2W19 | Long             | EC               | CORP              | MH        |    120000 | NS      | $2319600.00   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| CHINA AUTOMOTIVE SYSTEMS INC              | China Automotive Systems Inc. SHS                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     94022 | NS      | $394892.40    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| SIRIUS XM HOLDINGS INC                    | SiriusXM Holdings Inc COMMON STOCK                    | CUSIP: 829933100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    133000 | NS      | $3069640.00   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| LIBERTY MEDIA CORP                        | Liberty Media Corp Del COM LBTY ONE S A               | CUSIP: 531229771<br>LEI: 549300ZKUTPIBZLWLL89 | Long             | EC               | CORP              | US        |     20000 | NS      | $1561600.00   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| GRAIL Inc                                 | GRAIL Inc COM                                         | CUSIP: 384747101<br>LEI: 2549009XSNESW3VE8024 | Long             | EC               | CORP              | US        |     25600 | NS      | $1323008.00   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| 1-800 FLOWERS.COM INC                     | 1-800-Flowers.Com Inc CL A                            | CUSIP: 68243Q106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    235000 | NS      | $714400.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| St. Joe Co.                               | St. Joe Co. COM                                       | CUSIP: 790148100<br>LEI: 529900XVHOT3BF8PWG49 | Long             | EC               | CORP              | US        |    250000 | NS      | $15700000.00  | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Mueller Water Products, Inc.              | Mueller Water Products, Inc. COM SER A                | CUSIP: 624758108<br>LEI: 549300F7ZU4P1F8V8L60 | Long             | EC               | CORP              | US        |    228200 | NS      | $6273218.00   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Winnebago Industries Inc.                 | Winnebago Industries Inc. COM                         | CUSIP: 974637100<br>LEI: 549300B7OYKYJLTE3G11 | Long             | EC               | CORP              | US        |     59500 | NS      | $1843905.00   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| PROG Holdings Inc.                        | PROG Holdings Inc. COM NPV                            | CUSIP: 74319R101<br>LEI: 549300DHYTLBOVRXIG52 | Long             | EC               | CORP              | US        |     11000 | NS      | $315590.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| TKO GROUP HOLDINGS INC                    | TKO Group Holdings Inc. CL A                          | CUSIP: 87256C101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     42400 | NS      | $8549960.00   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| RGC Resources Inc                         | RGC Resources Inc COM                                 | CUSIP: 74955L103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     43000 | NS      | $948150.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Littelfuse Inc.                           | Littelfuse Inc. COM                                   | CUSIP: 537008104<br>LEI: 549300MY7HLQFYTPCX75 | Long             | EC               | CORP              | US        |      6200 | NS      | $2103970.00   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| QuidelOrtho Corp                          | QuidelOrtho Corp COM                                  | CUSIP: 219798105<br>LEI: 549300YU8CMO9HF53113 | Long             | EC               | CORP              | US        |     72000 | NS      | $1182960.00   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Tennant Co                                | Tennant Co COM                                        | CUSIP: 880345103<br>LEI: JYAIRLT8DVP6DP8UT336 | Long             | EC               | CORP              | US        |    166000 | NS      | $11022400.00  | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Penske Automotive Group, Inc.             | Penske Automotive Group, Inc. COM                     | CUSIP: 70959W103<br>LEI: 549300W7UTQ0M4C7LB15 | Long             | EC               | CORP              | US        |     65000 | NS      | $9718800.00   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Neogen Corp                               | Neogen Corp COM                                       | CUSIP: 640491106<br>LEI: 549300HJT9FC36N4UW43 | Long             | EC               | CORP              | US        |    120000 | NS      | $1114800.00   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Monro Inc                                 | Monro Inc COM                                         | CUSIP: 610236101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    130000 | NS      | $2085200.00   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| MADISON SQUARE GARDEN SPORTS CORP         | Madison Square Garden Sports Corp. CL A               | CUSIP: 55825T103<br>LEI: 529900BQELIZ5ZQYB788 | Long             | EC               | CORP              | US        |     38000 | NS      | $12213200.00  | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Rock Field Co Ltd                         | Rock Field Co Ltd                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     60000 | NS      | $530418.07    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Energy Transfer LP                        | Energy Transfer LP COM UT LTD PTN                     | CUSIP: 29273V100<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | EC               | CORP              | US        |    325000 | NS      | $6272500.00   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Hyster-Yale Inc                           | Hyster-Yale Inc CL A                                  | CUSIP: 449172105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     35000 | NS      | $1137850.00   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Clear Channel Outdoor Holdings Inc.       | Clear Channel Outdoor Holdings Inc. COM               | CUSIP: 18453H106<br>LEI: 254900XBEE6V1ENYS150 | Long             | EC               | CORP              | US        |   1409000 | NS      | $3339330.00   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| LIBERTY LIVE HOLDINGS INC                 | Liberty Live Holdings Inc. COM SHS SER C              | CUSIP: 530909308<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9768 | NS      | $919266.48    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Watsco Inc                                | Watsco Inc                                            | CUSIP: 942622101<br>LEI: 549300F1Y3LN5BX5WN75 | Long             | EC               | CORP              | US        |      7800 | NS      | $2899416.00   | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| SEIKAGAKU CORP                            | Seikagaku Corporation NPV                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     18000 | NS      | $82681.71     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Bruker Corporation                        | Bruker Corporation COM                                | CUSIP: 116794108<br>LEI: LEBZ6VLQ6I8XB1NHVY15 | Long             | EC               | CORP              | US        |     12500 | NS      | $451500.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Maezawa Kyuso Industries Co Lt            | Maezawa Kyuso Industries Co Ltd                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    110000 | NS      | $1078478.94   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Bills              | B 0 05/07/26                                          | CUSIP: 912797SP3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   9810000 | PA      | $9774242.55   | 0.54%             | 2026-05-07      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Brunswick Corporation                     | Brunswick Corporation COM                             | CUSIP: 117043109<br>LEI: YM4O38W15AX4YLLQKU27 | Long             | EC               | CORP              | US        |     70000 | NS      | $5093200.00   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| GIBRALTAR INDUSTRIES INC                  | Gibraltar Industries, Inc. COM                        | CUSIP: 374689107<br>LEI: 549300AE5O3GN0YBLM57 | Long             | EC               | CORP              | US        |     31500 | NS      | $1255905.00   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Innovex International Inc.                | Innovex International Inc. COM                        | CUSIP: 457651107<br>LEI: 5299007REICYIJNMW197 | Long             | EC               | CORP              | US        |    108000 | NS      | $2634120.00   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| OUTFRONT Media Inc                        | OUTFRONT Media Inc COM NEW                            | CUSIP: 69007J304<br>LEI: 549300RZWDYU5722I639 | Long             | EC               | CORP              | US        |     30700 | NS      | $813550.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Ducommun Incorporated                     | Ducommun Incorporated COM                             | CUSIP: 264147109<br>LEI: 549300Z71HMWF90S2214 | Long             | EC               | CORP              | US        |     53900 | NS      | $6575800.00   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| McGrath RentCorp.                         | McGrath RentCorp. COM                                 | CUSIP: 580589109<br>LEI: 254900EUH6IPWFQ83445 | Long             | EC               | CORP              | US        |     13000 | NS      | $1433640.00   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Watts Water Technologies Inc.             | Watts Water Technologies Inc. CL A                    | CUSIP: 942749102<br>LEI: 549300REJOO94ERQN318 | Long             | EC               | CORP              | US        |     39000 | NS      | $11321310.00  | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| NATIONAL PRESTO INDUSTRIES INC            | National Presto Industries Inc. COM                   | CUSIP: 637215104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7000 | NS      | $959420.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Donaldson Co Inc                          | Donaldson Co Inc COM                                  | CUSIP: 257651109<br>LEI: OZE6KXY9QQPR8EJ8WL20 | Long             | EC               | CORP              | US        |     99500 | NS      | $8444565.00   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| The J M Smucker Company                   | The J M Smucker Company COM NEW                       | CUSIP: 832696405<br>LEI: 5493000WDH6A0LHDJD55 | Long             | EC               | CORP              | US        |     55000 | NS      | $5304200.00   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Tejon Ranch Co                            | Tejon Ranch Co COM                                    | CUSIP: 879080109<br>LEI: 549300TMNDO77VJ6J111 | Long             | EC               | CORP              | US        |    134000 | NS      | $2524560.00   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Vistance Networks Inc.                    | Vistance Networks Inc. COM                            | CUSIP: 20337X109<br>LEI: 254900AW4CEPCQWSRI58 | Long             | EC               | CORP              | US        |      6500 | NS      | $118300.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Borussia Dortmund GmbH & Co . KGaA        | Borussia Dortmund GmbH & Co . KGaA NPV                | CUSIP: 000000000<br>LEI: 529900XO0YTOOKCLQB44 | Long             | EC               | CORP              | DE        |     66000 | NS      | $231528.31    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Core Molding Technologies Inc.            | Core Molding Technologies Inc. COM                    | CUSIP: 218683100<br>LEI: 549300ZY2MFRXCKVIJ28 | Long             | EC               | CORP              | US        |    306000 | NS      | $6854400.00   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| EchoStar Corp.                            | EchoStar Corp. CL A                                   | CUSIP: 278768106<br>LEI: 549300EE20907QZ9GT38 | Long             | EC               | CORP              | US        |     55000 | NS      | $6438850.00   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Steris PLC                                | Steris PLC ORD USD0.001                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | IE        |     22000 | NS      | $4864860.00   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Bio-Rad Laboratories, Inc.                | Bio-Rad Laboratories, Inc. CL A                       | CUSIP: 090572207<br>LEI: 549300ZC1GPV35XYDK53 | Long             | EC               | CORP              | US        |      6700 | NS      | $1867625.00   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Wynn Resorts Limited                      | Wynn Resorts Limited COM                              | CUSIP: 983134107<br>LEI: 254900CEKKWIHTEAB172 | Long             | EC               | CORP              | US        |     13300 | NS      | $1350615.00   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| CRIMSON WINE GROUP LTD                    | Crimson Wine Group COM                                | CUSIP: 22662X100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    250000 | NS      | $1102500.00   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| NAPCO Security Technologies Inc.          | NAPCO Security Technologies Inc. COM                  | CUSIP: 630402105<br>LEI: 529900KV21J4YY9YST76 | Long             | EC               | CORP              | US        |     18400 | NS      | $724776.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Titan Machinery Inc.                      | Titan Machinery Inc. COM                              | CUSIP: 88830R101<br>LEI: 549300835ZM8G0BT5C94 | Long             | EC               | CORP              | US        |     71000 | NS      | $1187120.00   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Salem Media Group Inc                     | Salem Media Group Inc                                 | CUSIP: 794093104<br>LEI: 549300CTHBTS2MIXZL54 | Long             | EC               | CORP              | US        |    100000 | NS      | $41070.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Live Nation Entertainment, Inc.           | Live Nation Entertainment, Inc. COM                   | CUSIP: 538034109<br>LEI: 5493007B9BM9ZXJINO78 | Long             | EC               | CORP              | US        |     34500 | NS      | $5261595.00   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| United Natural Foods, Inc.                | United Natural Foods, Inc. COM                        | CUSIP: 911163103<br>LEI: 549300GKGW6WPZ282D40 | Long             | EC               | CORP              | US        |     60000 | NS      | $2703600.00   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Rogers Communications Inc.                | Rogers Communications Inc. CL B                       | CUSIP: 775109200<br>LEI: 5493000M6Z4XFIP6PF03 | Long             | EC               | CORP              | CA        |     82000 | NS      | $3152900.00   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| QUAKER CHEMICAL CORP                      | Quaker Houghton COM                                   | CUSIP: 747316107<br>LEI: 549300PJQ1R3WCWCPS54 | Long             | EC               | CORP              | US        |      8400 | NS      | $1043532.00   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Henry Schein, Inc.                        | Henry Schein, Inc. COM                                | CUSIP: 806407102<br>LEI: VGO3WGL8H45T73F4RR92 | Long             | EC               | CORP              | US        |     70000 | NS      | $5159000.00   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| E.W. Scripps Co.                          | E.W. Scripps Co. CL A NEW                             | CUSIP: 811054402<br>LEI: 549300U1OW41QPKYW028 | Long             | EC               | CORP              | US        |    760000 | NS      | $2827200.00   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Medallion Financial Corp.                 | Medallion Financial Corp. COM                         | CUSIP: 583928106<br>LEI: 549300FJ4FMGJ2C34Y48 | Long             | EC               | CORP              | US        |     78000 | NS      | $667680.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Gray Media Inc                            | Gray Media Inc                                        | CUSIP: 389375205<br>LEI: 529900TM5726KDN7UU35 | Long             | EC               | CORP              | US        |     71700 | NS      | $889797.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Thor Industries Inc.                      | Thor Industries Inc. COM                              | CUSIP: 885160101<br>LEI: 254900XZO1228PDSG060 | Long             | EC               | CORP              | US        |     18400 | NS      | $1469976.00   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| YORK WATER COMPANY (THE)                  | The York Water Co. COM                                | CUSIP: 987184108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     31000 | NS      | $943950.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| TAKASAGO INTERNATIONAL CORP               | Takasago Intl Corp NPV                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     12500 | NS      | $93333.54     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MILLROSE PROPERTIES INC                   | Millrose Properties Inc. COM CL A                     | CUSIP: 601137102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    135500 | NS      | $3794000.00   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Hope Bancorp Inc                          | Hope Bancorp Inc COM                                  | CUSIP: 43940T109<br>LEI: 549300UTF4QGMBHIZ219 | Long             | EC               | CORP              | US        |    270000 | NS      | $3015900.00   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Flowserve Corporation                     | Flowserve Corporation COM                             | CUSIP: 34354P105<br>LEI: 6Y0GK87T6V7NJKZJVM41 | Long             | EC               | CORP              | US        |    232500 | NS      | $17091075.00  | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| General Chemical Group Inc/The            | General Chemical Group Inc/The                        | CUSIP: 369332200<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     91200 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| The Hain Celestial Group Inc.             | The Hain Celestial Group Inc. COM                     | CUSIP: 405217100<br>LEI: 5493000S8QXWHLIXDP75 | Long             | EC               | CORP              | US        |    100000 | NS      | $69780.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Bills              | B 0 06/18/26                                          | CUSIP: 912797TD9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1130000 | PA      | $1121210.49   | 0.06%             | 2026-06-18      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| LIBERTY MEDIA CORP                        | Liberty Media Corp Del COM LBTY ONE S C               | CUSIP: 531229755<br>LEI: 549300ZKUTPIBZLWLL89 | Long             | EC               | CORP              | US        |     27000 | NS      | $2295540.00   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Ashland Inc.                              | Ashland Inc. COM                                      | CUSIP: 044186104<br>LEI: 529900E4L9R04SB8HB11 | Long             | EC               | CORP              | US        |     28000 | NS      | $1557080.00   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| H2O America                               | H2O America COM                                       | CUSIP: 784305104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8000 | NS      | $469360.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Orthofix Medical Inc                      | Orthofix Medical Inc COM                              | CUSIP: 68752M108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    141000 | NS      | $1617270.00   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Teleflex Incorporated                     | Teleflex Incorporated COM                             | CUSIP: 879369106<br>LEI: UUL85LWXB4NGSWWXIQ25 | Long             | EC               | CORP              | US        |      3500 | NS      | $418635.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| STARZ ENTERTAINMENT CORP                  | Starz Entertainment Corp. COM                         | CUSIP: 855919106<br>LEI: 5493000JSMHPHZURLM72 | Long             | EC               | CORP              | CA        |     42000 | NS      | $483000.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Array Digital Infrastructure Inc.         | Array Digital Infrastructure Inc. COM                 | CUSIP: 911684108<br>LEI: 549300B164AZXESI6E03 | Long             | EC               | CORP              | US        |     47500 | NS      | $2191650.00   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Keweenaw Land Association Ltd             | Keweenaw Land Association Ltd                         | CUSIP: 493026108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     22900 | NS      | $1139275.00   | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Valmont Industries, Inc.                  | Valmont Industries, Inc. COM                          | CUSIP: 920253101<br>LEI: 5493009ZGZJJ8F77JN08 | Long             | EC               | CORP              | US        |      4400 | NS      | $1758108.00   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Danaher Corporation                       | Danaher Corporation COM                               | CUSIP: 235851102<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | EC               | CORP              | US        |      2025 | NS      | $383940.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Meritage Homes Corp                       | Meritage Homes Corp COM                               | CUSIP: 59001A102<br>LEI: 52990044W9UMFJO2FB97 | Long             | EC               | CORP              | US        |      2000 | NS      | $123680.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Iwatsuka Confectionery Co Ltd             | Iwatsuka Confectionery Co Ltd                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     92000 | NS      | $1855014.02   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Ingles Markets, Incorporated              | Ingles Markets, Incorporated CL A                     | CUSIP: 457030104<br>LEI: 549300XH5RYBMYP8TF26 | Long             | EC               | CORP              | US        |    195200 | NS      | $17546528.00  | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Kennametal Inc                            | Kennametal Inc COM                                    | CUSIP: 489170100<br>LEI: 549300GZDSG25XUV0Y08 | Long             | EC               | CORP              | US        |     99500 | NS      | $3594935.00   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| ITO EN LTD                                | ITO En Ltd. NPV                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    114000 | NS      | $2138061.18   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Consd Water Co                            | Consd Water Co COM USD0.60                            | CUSIP: 000000000<br>LEI: 5299001BMEW8X9VIJA73 | Long             | EC               | CORP              | KY        |     20000 | NS      | $662400.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Gentex Corp                               | Gentex Corp COM                                       | CUSIP: 371901109<br>LEI: 549300S3UD8XV1MN0287 | Long             | EC               | CORP              | US        |    120000 | NS      | $2622000.00   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Treatt PLC                                | Treatt PLC                                            | CUSIP: 000000000<br>LEI: 213800G4OJM9F7G9LG39 | Long             | EC               | CORP              | GB        |    120000 | NS      | $312263.71    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Albemarle Corp                            | Albemarle Corp COM                                    | CUSIP: 012653101<br>LEI: HDBLS2Q6GV1LSKQPBS54 | Long             | EC               | CORP              | US        |      2400 | NS      | $430872.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Myers Industries Inc.                     | Myers Industries Inc. COM                             | CUSIP: 628464109<br>LEI: 549300I2H9XMVTCW4Q51 | Long             | EC               | CORP              | US        |    965500 | NS      | $20449290.00  | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Olin Corporation                          | Olin Corporation COM PAR $1                           | CUSIP: 680665205<br>LEI: 549300GKK294V7W57P06 | Long             | EC               | CORP              | US        |     30000 | NS      | $891900.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Chemed Corporation                        | Chemed Corporation COM                                | CUSIP: 16359R103<br>LEI: 54930020031IDJT2IM79 | Long             | EC               | CORP              | US        |       600 | NS      | $226644.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| RB Global Inc                             | RB Global Inc COM                                     | CUSIP: 74935Q107<br>LEI: 5493002H8U24DJXQ4886 | Long             | EC               | CORP              | CA        |     18000 | NS      | $1725300.00   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Trans-Lux Corp                            | Trans-Lux Corp                                        | CUSIP: 893247304<br>LEI: 5493008JY5051036PN38 | Long             | EC               | CORP              | US        |   1605000 | NS      | $176550.00    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Angi Inc                                  | Angi Inc CL A NEW                                     | CUSIP: 00183L201<br>LEI: 5493003ENY577E6SZL06 | Long             | EC               | CORP              | US        |      2625 | NS      | $17981.25     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Flowers Foods, Inc.                       | Flowers Foods, Inc. COM                               | CUSIP: 343498101<br>LEI: 7YNCQQNDK8FBM9BBTK25 | Long             | EC               | CORP              | US        |    400000 | NS      | $3260000.00   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Salvatore Ferragamo S.p.A.                | Salvatore Ferragamo S.p.A. EUR0.10                    | CUSIP: 000000000<br>LEI: 5493005GRP0FEE3NRI35 | Long             | EC               | CORP              | IT        |     21900 | NS      | $174533.93    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Post Holdings Inc.                        | Post Holdings Inc. COM                                | CUSIP: 737446104<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | EC               | CORP              | US        |     12000 | NS      | $1186320.00   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlantic Union Bankshares Corp            | Atlantic Union Bankshares Corp COM                    | CUSIP: 04911A107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     44200 | NS      | $1579708.00   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| CAVCO INDUSTRIES INC                      | Cavco Industries COM                                  | CUSIP: 149568107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     37700 | NS      | $18257733.00  | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Gyrodyne LLC                              | Gyrodyne LLC                                          | CUSIP: 403829104<br>LEI: 549300CF8EE7IDXWHQ23 | Long             | EC               | CORP              | US        |     19007 | NS      | $141031.94    | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Stratasys Ltd                             | Stratasys Ltd COM USD0.01                             | CUSIP: 000000000<br>LEI: 529900MU215GIP9SZ741 | Long             | EC               | CORP              | IL        |     30000 | NS      | $234300.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| KKR & Co Inc.                             | KKR & Co Inc. COM                                     | CUSIP: 48251W104<br>LEI: 54930013V5I303TF9571 | Long             | EC               | CORP              | US        |    616000 | NS      | $56980000.00  | 3.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Entegris Inc                              | Entegris Inc COM                                      | CUSIP: 29362U104<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | EC               | CORP              | US        |     38200 | NS      | $4478568.00   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| WD-40 Co.                                 | WD-40 Co. COM                                         | CUSIP: 929236107<br>LEI: 549300UZHTN0CNKBOB19 | Long             | EC               | CORP              | US        |      9500 | NS      | $1937430.00   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Standard Motor Products, Inc.             | Standard Motor Products, Inc. COM                     | CUSIP: 853666105<br>LEI: THGK1EO5B5HK0JHQVZ90 | Long             | EC               | CORP              | US        |    188000 | NS      | $6531120.00   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Beasley Broadcast Group Inc               | Beasley Broadcast Group Inc                           | CUSIP: 074014200<br>LEI: 549300R5FEOSY86VTY76 | Long             | EC               | CORP              | US        |      5000 | NS      | $16700.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Vitasoy International Holdings Limited    | Vitasoy International Holdings Limited NPV            | CUSIP: 000000000<br>LEI: 5493003LPGHN62KWIZ77 | Long             | EC               | CORP              | HK        |    950000 | NS      | $754795.18    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameris Bancorp                            | Ameris Bancorp COM                                    | CUSIP: 03076K108<br>LEI: PBJHNT51T5V6G5UQFV42 | Long             | EC               | CORP              | US        |      5500 | NS      | $428945.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| CTS Corporation                           | CTS Corporation COM                                   | CUSIP: 126501105<br>LEI: 549300YV1HQLBVHOI649 | Long             | EC               | CORP              | US        |    380500 | NS      | $18172680.00  | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Advance Auto Parts Inc.                   | Advance Auto Parts Inc. COM                           | CUSIP: 00751Y106<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | EC               | CORP              | US        |     52000 | NS      | $2743000.00   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Ivanhoe Mines Ltd.                        | Ivanhoe Mines Ltd. COM NPV CL'A'                      | CUSIP: 46579R104<br>LEI: 5299006XZISURYIA4G32 | Long             | EC               | CORP              | CA        |     45000 | NS      | $384623.68    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Kikkoman Corp                             | Kikkoman Corp NPV                                     | CUSIP: 000000000<br>LEI: 529900T9K5UH9HXOND47 | Long             | EC               | CORP              | JP        |   1200000 | NS      | $10850319.78  | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Energy Recovery Inc.                      | Energy Recovery Inc. COM                              | CUSIP: 29270J100<br>LEI: 549300ZEQL52Z525WJ22 | Long             | EC               | CORP              | US        |     74000 | NS      | $745180.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Allient Inc                               | Allient Inc COM                                       | CUSIP: 019330109<br>LEI: 549300I2LHAWYGNBPM97 | Long             | EC               | CORP              | US        |     31000 | NS      | $1831790.00   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Boston Beer Co Inc                        | Boston Beer Co Inc CL A                               | CUSIP: 100557107<br>LEI: 529900Q02MQ0DCQNRM58 | Long             | EC               | CORP              | US        |      3500 | NS      | $806400.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Tyler Technologies Inc.                   | Tyler Technologies Inc. COM                           | CUSIP: 902252105<br>LEI: 25490040SMU4Z8LBCW70 | Long             | EC               | CORP              | US        |     29700 | NS      | $10168686.00  | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Aebi Schmidt Holding AG                   | Aebi Schmidt Holding AG COM                           | CUSIP: 000000000<br>LEI: 506700TN58RT735OV464 | Long             | EC               | CORP              | CH        |     49000 | NS      | $475790.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| MADISON SQUARE GARDEN ENTERTAINMENT CORP  | Madison Square Garden Entertainment Corp New COM CL A | CUSIP: 558256103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     86500 | NS      | $5095715.00   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Brown-Forman Corp.                        | Brown-Forman Corp. CL A                               | CUSIP: 115637100<br>LEI: 549300873K3LXF7ARU34 | Long             | EC               | CORP              | US        |     76000 | NS      | $2036040.00   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| OTTER TAIL CORP                           | Otter Tail Corporation COM                            | CUSIP: 689648103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9100 | NS      | $798707.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Terex Corporation                         | Terex Corporation COM                                 | CUSIP: 880779103<br>LEI: YAWJZJYEQ7M1SYMOS462 | Long             | EC               | CORP              | US        |      7000 | NS      | $413700.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Marcus Corp                               | Marcus Corp COM                                       | CUSIP: 566330106<br>LEI: 549300NL0OKPNEMP6B79 | Long             | EC               | CORP              | US        |    185000 | NS      | $3176450.00   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| LEE Enterprises Inc                       | LEE Enterprises Inc COM                               | CUSIP: 523768406<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     62900 | NS      | $541569.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| DexCom Inc                                | DexCom Inc COM                                        | CUSIP: 252131107<br>LEI: 549300YSK3QDSFR5EU59 | Long             | EC               | CORP              | US        |     50000 | NS      | $3140000.00   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Arca Continental S.A.B. de C.V.           | Arca Continental S.A.B. de C.V. COM NPV               | CUSIP: 000000000<br>LEI: 254900U2BSJCQHJCXN24 | Long             | EC               | CORP              | MX        |    423000 | NS      | $4872418.12   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| MSA Safety Inc.                           | MSA Safety Inc. COM                                   | CUSIP: 553498106<br>LEI: 529900DVA3258XK11O39 | Long             | EC               | CORP              | US        |      6000 | NS      | $983700.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Tredegar Corp.                            | Tredegar Corp. COM                                    | CUSIP: 894650100<br>LEI: 54930003228ERHCH6K87 | Long             | EC               | CORP              | US        |    715000 | NS      | $5684250.00   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Bills              | B 0 04/30/26                                          | CUSIP: 912797SN8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   5845000 | PA      | $5827945.93   | 0.32%             | 2026-04-30      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Globus Med Inc                            | Globus Med Inc CL A                                   | CUSIP: 379577208<br>LEI: 5299003M2P4CIK0RF205 | Long             | EC               | CORP              | US        |    209000 | NS      | $18007440.00  | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Walt Disney Company                       | Walt Disney Company COM                               | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |      3500 | NS      | $337330.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Transact Technologies Inc                 | Transact Technologies Inc COM                         | CUSIP: 892918103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     25000 | NS      | $82250.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| The Cooper Companies, Inc.                | The Cooper Companies, Inc. COM                        | CUSIP: 216648501<br>LEI: QJKMVPIGLH7530PCUE20 | Long             | EC               | CORP              | US        |       400 | NS      | $28600.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Premier Foods PLC                         | Premier Foods PLC ORD GBP0.10                         | CUSIP: 000000000<br>LEI: 213800ZD5I8XHNMCJA67 | Long             | EC               | CORP              | GB        |    100000 | NS      | $244601.28    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Madden(Steven)Ltd.                        | Madden(Steven)Ltd. COM                                | CUSIP: 556269108<br>LEI: 549300Z9GZ7GYJWSGF43 | Long             | EC               | CORP              | US        |      9500 | NS      | $322240.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| ACCO Brands Corporation                   | ACCO Brands Corporation COM                           | CUSIP: 00081T108<br>LEI: JCT8P4Y190IH4I1NX328 | Long             | EC               | CORP              | US        |     13000 | NS      | $39000.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Hertz Global Holdings Inc.                | Hertz Global Holdings Inc. COM NEW                    | CUSIP: 42806J700<br>LEI: 549300NBK3K85MH1EX16 | Long             | EC               | CORP              | US        |    170000 | NS      | $783700.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Neuronetics Inc                           | Neuronetics Inc COM                                   | CUSIP: 64131A105<br>LEI: 549300T0911ILTTG7P06 | Long             | EC               | CORP              | US        |     30000 | NS      | $43500.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| SAMICK MUSICAL INSTRUMENTS MFG CO         | Samick Musical Ins KRW500                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     10425 | NS      | $8065.57      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Bills              | B 0 06/04/26                                          | CUSIP: 912797SX6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1885000 | PA      | $1872898.30   | 0.10%             | 2026-06-04      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Diamondback Energy Inc                    | Diamondback Energy Inc COM                            | CUSIP: 25278X109<br>LEI: 549300R22LSX6OHWEN64 | Long             | EC               | CORP              | US        |     35100 | NS      | $6942429.00   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Fox Corporation                           | Fox Corporation CL A COM                              | CUSIP: 35137L105<br>LEI: 549300DDU6FDRBIELS05 | Long             | EC               | CORP              | US        |     35500 | NS      | $2073200.00   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| FORMOSA INTERNATIONAL HOTELS CORP         | Formosa International Hotels Corp. TWD10              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |    120000 | NS      | $688770.72    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Twin Disc Inc                             | Twin Disc Inc COM                                     | CUSIP: 901476101<br>LEI: 549300FR8EHCY14BLP32 | Long             | EC               | CORP              | US        |    160000 | NS      | $2411200.00   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Universal Entertainment Corp              | Universal Entertainment Corp                          | CUSIP: 000000000<br>LEI: 353800BBJTHSMSQ31V91 | Long             | EC               | CORP              | JP        |     35000 | NS      | $145553.07    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Shenandoah Telecommunications Co.         | Shenandoah Telecommunications Co. COM                 | CUSIP: 82312B106<br>LEI: 549300XH3H4OUKFPHS84 | Long             | EC               | CORP              | US        |    110000 | NS      | $1696200.00   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| H B Fuller Company                        | H B Fuller Company COM                                | CUSIP: 359694106<br>LEI: JSMX3Z5FOYM8V0Q52357 | Long             | EC               | CORP              | US        |    230000 | NS      | $14186400.00  | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| RPC Inc                                   | RPC Inc COM                                           | CUSIP: 749660106<br>LEI: 549300ZDXAFBC3SB4918 | Long             | EC               | CORP              | US        |   1680000 | NS      | $11894400.00  | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| ACUITY INC                                | Acuity Inc. COM                                       | CUSIP: 00508Y102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10000 | NS      | $2802200.00   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Mueller Industries Inc.                   | Mueller Industries Inc. COM                           | CUSIP: 624756102<br>LEI: 5493005IZFE4VJLLYG84 | Long             | EC               | CORP              | US        |    565000 | NS      | $62602000.00  | 3.45%             |  |  |  | No            |                  1 | On Loan: No      |
| USCB FINANCIAL HOLDINGS INC               | Uscb Financial Holdings Inc. CLASS A COM              | CUSIP: 90355N101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2000 | NS      | $37080.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Teladoc Health Inc                        | Teladoc Health Inc COM                                | CUSIP: 87918A105<br>LEI: 549300I2PVFBC9MFAC61 | Long             | EC               | CORP              | US        |       500 | NS      | $2725.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| GCI LIBERTY INC                           | GCI Liberty Inc. COM SER A                            | CUSIP: 36164V602<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3000 | NS      | $110550.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Tractor Supply Co                         | Tractor Supply Co COM                                 | CUSIP: 892356106<br>LEI: 549300OJ9VZHZRO6I137 | Long             | EC               | CORP              | US        |    103500 | NS      | $4688550.00   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| TELESAT CORP                              | Telesat Corp. CL A & CL B SHS                         | CUSIP: 879512309<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |    140000 | NS      | $5068000.00   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Copart Inc                                | Copart Inc COM                                        | CUSIP: 217204106<br>LEI: 549300KVYX3JWMYEHU61 | Long             | EC               | CORP              | US        |    294000 | NS      | $9760800.00   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Golden Entertainment Inc                  | Golden Entertainment Inc COM                          | CUSIP: 381013101<br>LEI: 549300P8YYCKQVJ0Y638 | Long             | EC               | CORP              | US        |    134000 | NS      | $3576460.00   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Nexstar Media Group Inc                   | Nexstar Media Group Inc COMMON STOCK                  | CUSIP: 65336K103<br>LEI: 52990083ZRR5UT591988 | Long             | EC               | CORP              | US        |     22000 | NS      | $3978260.00   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Bull-Dog Sauce Co Ltd                     | Bull-Dog Sauce Co Ltd                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     40000 | NS      | $468794.30    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| LCI Industries                            | LCI Industries COM                                    | CUSIP: 50189K103<br>LEI: 549300E1B98YNJ1WIQ04 | Long             | EC               | CORP              | US        |      3000 | NS      | $368940.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryman Hospitality Properties Inc          | Ryman Hospitality Properties Inc COM                  | CUSIP: 78377T107<br>LEI: 529900GCCWW9SRMPJR11 | Long             | EC               | CORP              | US        |    234000 | NS      | $21591180.00  | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Village Super Market Inc.                 | Village Super Market Inc. CL A NEW                    | CUSIP: 927107409<br>LEI: 25490069686XCNNEMQ07 | Long             | EC               | CORP              | US        |     46000 | NS      | $1942580.00   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| CHAMPION HOMES INC                        | Champion Homes Inc. COM                               | CUSIP: 830830105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     73000 | NS      | $5429010.00   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Republic Services, Inc.                   | Republic Services, Inc. COM                           | CUSIP: 760759100<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | EC               | CORP              | US        |     57000 | NS      | $12484140.00  | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| KB Home                                   | KB Home COM                                           | CUSIP: 48666K109<br>LEI: 549300LGUCWQURMWLG09 | Long             | EC               | CORP              | US        |     37500 | NS      | $1940625.00   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Sealed Air Corp.                          | Sealed Air Corp. COM                                  | CUSIP: 81211K100<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | EC               | CORP              | US        |     25000 | NS      | $1051250.00   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| AAR Corp.                                 | AAR Corp. COM                                         | CUSIP: 000361105<br>LEI: MP76T5YQX3YK5VVAQ802 | Long             | EC               | CORP              | US        |     20000 | NS      | $2189200.00   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Conmed Corporation                        | Conmed Corporation COM                                | CUSIP: 207410101<br>LEI: Z6C0YCECH9DCU5ZIQW84 | Long             | EC               | CORP              | US        |     21000 | NS      | $742560.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Church & Dwight Co Inc.                   | Church & Dwight Co Inc. COM                           | CUSIP: 171340102<br>LEI: POOXSI30AWAQGYJZC921 | Long             | EC               | CORP              | US        |     39000 | NS      | $3639480.00   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Meiji Holdings Co Ltd.                    | Meiji Holdings Co Ltd. NPV                            | CUSIP: 000000000<br>LEI: 5299002D52YIP6DWMV49 | Long             | EC               | CORP              | JP        |     12000 | NS      | $291786.65    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| JSP Corp                                  | JSP Corp NPV                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      6000 | NS      | $86008.63     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Interpump Group S.p.A.                    | Interpump Group S.p.A. EUR0.52                        | CUSIP: 000000000<br>LEI: 815600C79D0F31F4D395 | Long             | EC               | CORP              | IT        |    125000 | NS      | $4681192.50   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Nordson Corp                              | Nordson Corp COM                                      | CUSIP: 655663102<br>LEI: 14OS6Q5N55N95WM84M53 | Long             | EC               | CORP              | US        |      4300 | NS      | $1144058.00   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Wright Investors' Service Hold            | Wright Investors' Service Holdings Inc                | CUSIP: 982345100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    130000 | NS      | $22100.00     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| IAC Inc                                   | IAC Inc COM NEW                                       | CUSIP: 44891N208<br>LEI: 549300TO56L57RP6P031 | Long             | EC               | CORP              | US        |      5000 | NS      | $200150.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| AMC Networks Inc                          | AMCX 4.25 02/15/29 *                                  | CUSIP: 00164VAJ2<br>LEI: 549300VGG9K75226LR46 | Long             | DBT              | CORP              | US        |    200000 | PA      | $178250.00    | 0.01%             | 2029-02-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Atlanta Braves Holdings Inc               | Atlanta Braves Holdings Inc COM SER C                 | CUSIP: 047726302<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    242000 | NS      | $10333400.00  | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Standex International Corp                | Standex International Corp COM                        | CUSIP: 854231107<br>LEI: RCX52GR0JW2LRRMH9Z54 | Long             | EC               | CORP              | US        |     44200 | NS      | $11264812.00  | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| LIBERTY LIVE HOLDINGS INC                 | Liberty Live Holdings Inc. COM SER A                  | CUSIP: 530909100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16856 | NS      | $1544683.84   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| BEL Fuse Inc                              | BEL Fuse Inc CL A                                     | CUSIP: 077347201<br>LEI: 2549009L4XYDBRRY6X39 | Long             | EC               | CORP              | US        |     60000 | NS      | $10812000.00  | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Cheesecake Factory Inc                    | Cheesecake Factory Inc COM                            | CUSIP: 163072101<br>LEI: 529900872XMLK10SY247 | Long             | EC               | CORP              | US        |     13000 | NS      | $711750.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Lands End Inc.                            | Lands End Inc. COM                                    | CUSIP: 51509F105<br>LEI: 54930016WOL7P2P67Q43 | Long             | EC               | CORP              | US        |     53500 | NS      | $601340.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Element Solutions Inc                     | Element Solutions Inc COM                             | CUSIP: 28618M106<br>LEI: 549300FLGN6P5CU20J91 | Long             | EC               | CORP              | US        |     57000 | NS      | $1945980.00   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| The Manitowoc Company, Inc.               | The Manitowoc Company, Inc. COM NEW                   | CUSIP: 563571405<br>LEI: 2RTSLGQ89VMY18RHX631 | Long             | EC               | CORP              | US        |     50500 | NS      | $588325.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| WINMARK CORP                              | Winmark Corp. COM                                     | CUSIP: 974250102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       400 | NS      | $171020.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CANTERBURY PARK HOLDING CORP              | Canterbury Park Hl COM                                | CUSIP: 13811E101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    189500 | NS      | $2918300.00   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Stoneridge Inc.                           | Stoneridge Inc. COM                                   | CUSIP: 86183P102<br>LEI: PNBCIH9LE7WI83VJIF08 | Long             | EC               | CORP              | US        |     59000 | NS      | $284970.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Inspired Entertainment Inc.               | Inspired Entertainment Inc. COM                       | CUSIP: 45782N108<br>LEI: 549300ZUGYK6NBIU6D69 | Long             | EC               | CORP              | US        |    100000 | NS      | $713000.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Farmers & Merchants Bank of Lo            | Farmers & Merchants Bank of Long Beach/Long Beach CA  | CUSIP: 308243104<br>LEI: 25490049RRVB8S6CG210 | Long             | EC               | CORP              | US        |       240 | NS      | $1986000.00   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Townsquare Media Inc.                     | Townsquare Media Inc. CL A                            | CUSIP: 892231101<br>LEI: 549300XBA8C68H0DR538 | Long             | EC               | CORP              | US        |     45000 | NS      | $244350.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Idex Corporation                          | Idex Corporation COM                                  | CUSIP: 45167R104<br>LEI: 549300U5Y5EL6PHYLF13 | Long             | EC               | CORP              | US        |     30500 | NS      | $5781275.00   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Phinia Inc.                               | Phinia Inc. COMMON STOCK                              | CUSIP: 71880K101<br>LEI: 254900HG6MORZE1FFM18 | Long             | EC               | CORP              | US        |     28000 | NS      | $1916320.00   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Foster(Lb)& Co                            | Foster(Lb)& Co COM                                    | CUSIP: 350060109<br>LEI: 549300AUUJGJ2T2L2179 | Long             | EC               | CORP              | US        |    113500 | NS      | $3166650.00   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Kameda Seika Co                           | Kameda Seika Co NPV                                   | CUSIP: 000000000<br>LEI: 3538008WA35ECYUGYB62 | Long             | EC               | CORP              | JP        |    255000 | NS      | $2328187.52   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Warner Bros. Discovery Inc.               | Warner Bros. Discovery Inc. COM SER A                 | CUSIP: 934423104<br>LEI: 5493006ZCRFWKF6B1K26 | Long             | EC               | CORP              | US        |     79500 | NS      | $2183070.00   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| NorthWestern Energy Group Inc             | NorthWestern Energy Group Inc COM NEW                 | CUSIP: 668074305<br>LEI: 254900N1WG46G1VMDM34 | Long             | EC               | CORP              | US        |     21500 | NS      | $1417710.00   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Evolent Health, Inc.                      | Evolent Health, Inc. CL A                             | CUSIP: 30050B101<br>LEI: 549300CZOCFHQ2BBTR11 | Long             | EC               | CORP              | US        |     24000 | NS      | $54720.00     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Graham Holdings Co                        | Graham Holdings Co COM CL B                           | CUSIP: 384637104<br>LEI: 529900BOSCEEEMAFQJ29 | Long             | EC               | CORP              | US        |      2700 | NS      | $2854602.00   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| ITV PLC                                   | ITV PLC ORD GBP0.10                                   | CUSIP: 000000000<br>LEI: ZLECI7ED2QMWFGYCXZ59 | Long             | EC               | CORP              | GB        |    100000 | NS      | $99336.18     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Moog Inc.                                 | Moog Inc. CL A                                        | CUSIP: 615394202<br>LEI: 549300WM2I4U7OBAHG07 | Long             | EC               | CORP              | US        |     87200 | NS      | $25518208.00  | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| IMAX Corporation                          | IMAX Corporation COM                                  | CUSIP: 45245E109<br>LEI: 894500GS1ESLAPZCEI74 | Long             | EC               | CORP              | CA        |     20000 | NS      | $760200.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Bills              | B 0 05/14/26                                          | CUSIP: 912797QN0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    555000 | PA      | $552592.34    | 0.03%             | 2026-05-14      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Trinity Industries, Inc.                  | Trinity Industries, Inc. COM                          | CUSIP: 896522109<br>LEI: R1JB4KXN77XFCXOQKV49 | Long             | EC               | CORP              | US        |    215000 | NS      | $6918700.00   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-05-29

**Name of Applicant:** Gabelli Equity Series Funds Inc

**Signature:** John C. Ball

**Name of Signer:** John C. Ball

**Title:** Treasurer