# EDGAR Filing Document

**Accession Number:** 0000804116
**File Stem:** 0001410368-25-025655
**Filing Date:** 2025-11
**Character Count:** 212401
**Document Hash:** 238bab106409f4d4019c4016b996d6fd
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-025655.hdr.sgml**: 20251118

**ACCESSION NUMBER**: 0001410368-25-025655

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251118

**DATE AS OF CHANGE**: 20251118

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ROYCE SMALL-CAP TRUST, INC.
- **CENTRAL INDEX KEY:** 0000804116

**ORGANIZATION NAME:**
- **EIN:** 133356097
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04875
- **FILM NUMBER:** 251493076

**BUSINESS ADDRESS:**
- **STREET 1:** ONE MADISON AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10010
- **BUSINESS PHONE:** 2125084500

**MAIL ADDRESS:**
- **STREET 1:** ONE MADISON AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10010

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ROYCE VALUE TRUST, INC.
- **DATE OF NAME CHANGE:** 20180124

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ROYCE VALUE TRUST INC
- **DATE OF NAME CHANGE:** 19920703

## Nport-Ex

SCHEDULE OF INVESTMENTS

ROYCE SMALL-CAP TRUST

SEPTEMBER 30, 2025 (UNAUDITED)

---

| | | |
|:---|:---|:---|
|  | **SHARES** | **VALUE** |
| **COMMON STOCKS – 95.2%** |  |  |
| **Communication Services – 1.2%** |  |  |
| Diversified Telecommunication Services - 0.0% |  |  |
| &nbsp;&nbsp;&nbsp;Cogent Communications Holdings | 127 | $4871 |
| &nbsp;&nbsp;&nbsp;Liberty Latin America Cl. C <sup>[1](#e001)</sup> | 63228 | 533644 |
| &nbsp;&nbsp;&nbsp;Shenandoah Telecommunications | 36519 | 490085 |
|  |  | 1028600 |
| Entertainment - 0.4% |  |  |
| &nbsp;&nbsp;&nbsp;IMAX Corporation <sup>[1](#e001)</sup> | 262660 | 8602115 |
| Interactive Media & Services - 0.4% |  |  |
| &nbsp;&nbsp;&nbsp;Cars.com <sup>[1](#e001)</sup> | 87927 | 1074468 |
| &nbsp;&nbsp;&nbsp;QuinStreet <sup>[1](#e001)</sup> | 203754 | 3152074 |
| &nbsp;&nbsp;&nbsp;TripAdvisor <sup>[1](#e001)</sup> | 68811 | 1118867 |
| &nbsp;&nbsp;&nbsp;Yelp <sup>[1](#e001)</sup> | 59095 | 1843764 |
| &nbsp;&nbsp;&nbsp;Ziff Davis <sup>[1](#e001)</sup> | 25764 | 981608 |
|  |  | 8170781 |
| Media - 0.3% |  |  |
| &nbsp;&nbsp;&nbsp;Cable One <sup>[1](#e001)</sup> | 5229 | 925795 |
| &nbsp;&nbsp;&nbsp;Magnite <sup>[1](#e001)</sup> | 36000 | 784080 |
| &nbsp;&nbsp;&nbsp;Scholastic Corporation | 22077 | 604468 |
| &nbsp;&nbsp;&nbsp;TEGNA | 121171 | 2463406 |
| &nbsp;&nbsp;&nbsp;Thryv Holdings <sup>[1](#e001)</sup> | 119060 | 1435864 |
|  |  | 6213613 |
| Wireless Telecommunication Services - 0.1% |  |  |
| &nbsp;&nbsp;&nbsp;Gogo <sup>[1](#e001)</sup> | 127093 | 1091729 |
| **Total** |  | 25106838 |
| **Consumer Discretionary – 10.7%** |  |  |
| Automobile Components - 2.6% |  |  |
| &nbsp;&nbsp;&nbsp;Adient <sup>[1](#e001)</sup> | 30099 | 724784 |
| &nbsp;&nbsp;&nbsp;BorgWarner | 7517 | 330447 |
| &nbsp;&nbsp;&nbsp;Dorman Products <sup>[1](#e001)</sup> | 131352 | 20475150 |
| &nbsp;&nbsp;&nbsp;LCI Industries | 154479 | 14389719 |
| &nbsp;&nbsp;&nbsp;Modine Manufacturing <sup>[1](#e001)</sup> | 64866 | 9221350 |
| &nbsp;&nbsp;&nbsp;Patrick Industries | 46 | 4758 |
| &nbsp;&nbsp;&nbsp;PHINIA | 51992 | 2988500 |
| &nbsp;&nbsp;&nbsp;Standard Motor Products | 20211 | 825013 |
| &nbsp;&nbsp;&nbsp;Visteon Corporation | 49171 | 5893636 |
|  |  | 54853357 |
| Broadline Retail - 0.0% |  |  |
| &nbsp;&nbsp;&nbsp;Etsy <sup>[1](#e001)</sup> | 8266 | 548780 |
| Diversified Consumer Services - 1.1% |  |  |
| &nbsp;&nbsp;&nbsp;frontdoor <sup>[1](#e001)</sup> | 5319 | 357915 |
| &nbsp;&nbsp;&nbsp;OneSpaWorld Holdings | 80000 | 1691200 |
| &nbsp;&nbsp;&nbsp;Perdoceo Education | 74437 | 2803297 |
| &nbsp;&nbsp;&nbsp;Strategic Education | 5666 | 487333 |
| &nbsp;&nbsp;&nbsp;Stride <sup>[1](#e001)</sup> | 20342 | 3029737 |
| &nbsp;&nbsp;&nbsp;Universal Technical Institute <sup>[1](#e001)</sup> | 489032 | 15917992 |
|  |  | 24287474 |
| Hotels, Restaurants & Leisure - 0.7% |  |  |
| &nbsp;&nbsp;&nbsp;Brightstar Lottery | 274690 | 4738403 |
| &nbsp;&nbsp;&nbsp;Kura Sushi USA Cl. A <sup>[1](#e001)</sup> | 28500 | 1693185 |
| &nbsp;&nbsp;&nbsp;Life Time Group Holdings <sup>[1](#e001)</sup> | 62500 | 1725000 |
| &nbsp;&nbsp;&nbsp;Lindblad Expeditions Holdings <sup>[1](#e001)</sup> | 373700 | 4783360 |
| &nbsp;&nbsp;&nbsp;Monarch Casino & Resort | 17560 | 1858550 |
|  |  | 14798498 |
| Household Durables - 1.8% |  |  |
| &nbsp;&nbsp;&nbsp;Cavco Industries <sup>[1](#e001)</sup> | 14700 | 8536731 |
| &nbsp;&nbsp;&nbsp;Champion Homes <sup>[1](#e001)</sup> | 56823 | 4339572 |
| &nbsp;&nbsp;&nbsp;Ethan Allen Interiors | 49208 | 1449668 |
| &nbsp;&nbsp;&nbsp;Helen of Troy <sup>[1](#e001)</sup> | 14333 | 361192 |
| &nbsp;&nbsp;&nbsp;Installed Building Products | 45047 | 11111293 |
| &nbsp;&nbsp;&nbsp;La-Z-Boy | 29427 | 1009935 |
| &nbsp;&nbsp;&nbsp;M/I Homes <sup>[1](#e001)</sup> | 64342 | 9293558 |
| &nbsp;&nbsp;&nbsp;Sonos <sup>[1](#e001)</sup> | 23766 | 375503 |
| &nbsp;&nbsp;&nbsp;Tri Pointe Homes <sup>[1](#e001)</sup> | 31662 | 1075558 |
| &nbsp;&nbsp;&nbsp;Worthington Enterprises | 18906 | 1049094 |
|  |  | 38602104 |
| Leisure Products - 0.5% |  |  |
| &nbsp;&nbsp;&nbsp;Brunswick Corporation | 54341 | 3436525 |
| &nbsp;&nbsp;&nbsp;YETI Holdings <sup>[1](#e001)</sup> | 203605 | 6755614 |
|  |  | 10192139 |
| Specialty Retail - 3.5% |  |  |
| &nbsp;&nbsp;&nbsp;Academy Sports & Outdoors | 298052 | 14908561 |
| &nbsp;&nbsp;&nbsp;Advance Auto Parts | 210042 | 12896579 |
| &nbsp;&nbsp;&nbsp;Asbury Automotive Group <sup>[1](#e001)</sup> | 17500 | 4277875 |
| &nbsp;&nbsp;&nbsp;AutoCanada <sup>[1](#e001)</sup> | 605600 | 13598477 |
| &nbsp;&nbsp;&nbsp;Bath & Body Works | 258600 | 6661536 |
| &nbsp;&nbsp;&nbsp;Buckle (The) | 45712 | 2681466 |
| &nbsp;&nbsp;&nbsp;Monro | 23004 | 413382 |
| &nbsp;&nbsp;&nbsp;ODP Corporation (The) <sup>[1](#e001)</sup> | 1285 | 35787 |
| &nbsp;&nbsp;&nbsp;OneWater Marine Cl. A <sup>[1](#e001)</sup> | 140493 | 2225409 |
| &nbsp;&nbsp;&nbsp;Signet Jewelers | 95544 | 9164580 |
| &nbsp;&nbsp;&nbsp;Urban Outfitters <sup>[1](#e001)</sup> | 6195 | 442509 |
| &nbsp;&nbsp;&nbsp;Valvoline <sup>[1](#e001)</sup> | 240867 | 8649534 |
|  |  | 75955695 |
| Textiles, Apparel & Luxury Goods - 0.5% |  |  |
| &nbsp;&nbsp;&nbsp;Carter's | 40059 | 1130465 |
| &nbsp;&nbsp;&nbsp;G-III Apparel Group <sup>[1](#e001)</sup> | 37891 | 1008280 |
| &nbsp;&nbsp;&nbsp;Kontoor Brands | 37026 | 2953564 |
| &nbsp;&nbsp;&nbsp;Movado Group | 20231 | 383782 |
| &nbsp;&nbsp;&nbsp;Ralph Lauren Cl. A | 14350 | 4499586 |
| &nbsp;&nbsp;&nbsp;Steven Madden | 29455 | 986153 |
|  |  | 10961830 |
| **Total** |  | 230199877 |
| **Consumer Staples – 2.3%** |  |  |
| Beverages - 0.0% |  |  |
| &nbsp;&nbsp;&nbsp;MGP Ingredients | 9960 | 240932 |
| Consumer Staples Distribution & Retail - 0.2% |  |  |
| &nbsp;&nbsp;&nbsp;Andersons (The) | 28496 | 1134426 |
| &nbsp;&nbsp;&nbsp;Guardian Pharmacy Services Cl. A <sup>[1](#e001)</sup> | 72479 | 1901124 |
| &nbsp;&nbsp;&nbsp;PriceSmart | 13402 | 1624188 |
|  |  | 4659738 |
| Food Products - 1.5% |  |  |
| &nbsp;&nbsp;&nbsp;Cal-Maine Foods | 7654 | 720241 |
| &nbsp;&nbsp;&nbsp;Fresh Del Monte Produce | 23319 | 809636 |
| &nbsp;&nbsp;&nbsp;Freshpet <sup>[1](#e001)</sup> | 20250 | 1115978 |
| &nbsp;&nbsp;&nbsp;John B. Sanfilippo & Son | 10498 | 674812 |
| &nbsp;&nbsp;&nbsp;Nomad Foods | 775776 | 10201454 |
| &nbsp;&nbsp;&nbsp;Seneca Foods Cl. A <sup>[1](#e001)</sup> | 173460 | 18723272 |
|  |  | 32245393 |
| Household Products - 0.2% |  |  |
| &nbsp;&nbsp;&nbsp;Central Garden & Pet <sup>[1](#e001)</sup> | 46425 | 1515776 |
| &nbsp;&nbsp;&nbsp;WD-40 Company | 6718 | 1327477 |
|  |  | 2843253 |
| Personal Care Products - 0.4% |  |  |
| &nbsp;&nbsp;&nbsp;Interparfums | 75248 | 7402898 |
| &nbsp;&nbsp;&nbsp;USANA Health Sciences <sup>[1](#e001)</sup> | 41386 | 1140185 |
|  |  | 8543083 |
| **Total** |  | 48532399 |
| **Energy – 2.3%** |  |  |
| Energy Equipment & Services - 1.2% |  |  |
| &nbsp;&nbsp;&nbsp;Bristow Group <sup>[1](#e001)</sup> | 219464 | 7918261 |
| &nbsp;&nbsp;&nbsp;Cactus Cl. A | 44577 | 1759454 |
| &nbsp;&nbsp;&nbsp;Helix Energy Solutions Group <sup>[1](#e001)</sup> | 149236 | 978988 |
| &nbsp;&nbsp;&nbsp;Helmerich & Payne | 1801 | 39784 |
| &nbsp;&nbsp;&nbsp;Liberty Energy Cl. A | 2568 | 31689 |
| &nbsp;&nbsp;&nbsp;Pason Systems | 1145504 | 9943011 |
| &nbsp;&nbsp;&nbsp;ProPetro Holding Corp. <sup>[1](#e001)</sup> | 40050 | 209862 |
| &nbsp;&nbsp;&nbsp;RPC | 393845 | 1874702 |
| &nbsp;&nbsp;&nbsp;Tidewater <sup>[1](#e001)</sup> | 12977 | 692064 |
| &nbsp;&nbsp;&nbsp;Weatherford International | 39645 | 2712908 |
|  |  | 26160723 |
| Oil, Gas & Consumable Fuels - 1.1% |  |  |
| &nbsp;&nbsp;&nbsp;California Resources | 21301 | 1132787 |
| &nbsp;&nbsp;&nbsp;Centrus Energy Cl. A <sup>[1](#e001)</sup> | 11165 | 3461931 |
| &nbsp;&nbsp;&nbsp;Core Natural Resources | 42572 | 3553910 |
| &nbsp;&nbsp;&nbsp;Crescent Energy Cl. A | 55113 | 491608 |
| &nbsp;&nbsp;&nbsp;CVR Energy <sup>[1](#e001)</sup> | 49939 | 1821775 |
| &nbsp;&nbsp;&nbsp;Dorchester Minerals L.P. | 279148 | 7227142 |
| &nbsp;&nbsp;&nbsp;International Seaways | 30730 | 1416038 |
| &nbsp;&nbsp;&nbsp;Peabody Energy | 35148 | 932125 |
| &nbsp;&nbsp;&nbsp;REX American Resources <sup>[1](#e001)</sup> | 53664 | 1643192 |
| &nbsp;&nbsp;&nbsp;Uranium Energy <sup>[1](#e001)</sup> | 16000 | 213440 |
| &nbsp;&nbsp;&nbsp;World Kinect | 25164 | 653006 |
|  |  | 22546954 |
| **Total** |  | 48707677 |
| **Financials – 21.0%** |  |  |
| Banks - 4.2% |  |  |
| &nbsp;&nbsp;&nbsp;Atlantic Union Bankshares | 47000 | 1658630 |
| &nbsp;&nbsp;&nbsp;Axos Financial <sup>[1](#e001)</sup> | 20835 | 1763683 |
| &nbsp;&nbsp;&nbsp;Bancorp (The) <sup>[1](#e001)</sup> | 7180 | 537710 |
| &nbsp;&nbsp;&nbsp;Bank of N.T. Butterfield & Son | 221503 | 9506909 |
| &nbsp;&nbsp;&nbsp;BankUnited | 281190 | 10730210 |
| &nbsp;&nbsp;&nbsp;Beacon Financial | 13469 | 319350 |
| &nbsp;&nbsp;&nbsp;Cathay General Bancorp | 43948 | 2109944 |
| &nbsp;&nbsp;&nbsp;Chain Bridge Bancorp Cl. A <sup>[1](#e001)</sup> | 28523 | 933558 |
| &nbsp;&nbsp;&nbsp;Coastal Financial <sup>[1](#e001)</sup> | 12400 | 1341308 |
| &nbsp;&nbsp;&nbsp;Customers Bancorp <sup>[1](#e001)</sup> | 31661 | 2069680 |
| &nbsp;&nbsp;&nbsp;Eagle Bancorp | 2852 | 57667 |
| &nbsp;&nbsp;&nbsp;Esquire Financial Holdings | 23187 | 2366349 |
| &nbsp;&nbsp;&nbsp;First Bancorp | 14000 | 740460 |
| &nbsp;&nbsp;&nbsp;First BanCorp | 71521 | 1577038 |
| &nbsp;&nbsp;&nbsp;First Commonwealth Financial | 96111 | 1638693 |
| &nbsp;&nbsp;&nbsp;First Financial Bancorp | 111216 | 2808204 |
| &nbsp;&nbsp;&nbsp;German American Bancorp | 59827 | 2349406 |
| &nbsp;&nbsp;&nbsp;Glacier Bancorp | 16000 | 778720 |
| &nbsp;&nbsp;&nbsp;Hanmi Financial | 137365 | 3391542 |
| &nbsp;&nbsp;&nbsp;HBT Financial | 27347 | 689144 |
| &nbsp;&nbsp;&nbsp;Hingham Institution for Savings | 19205 | 5065895 |
| &nbsp;&nbsp;&nbsp;Home BancShares | 152117 | 4304911 |
| &nbsp;&nbsp;&nbsp;Metropolitan Bank Holding | 21042 | 1574362 |
| &nbsp;&nbsp;&nbsp;Northeast Bank | 13293 | 1331427 |
| &nbsp;&nbsp;&nbsp;OceanFirst Financial | 265264 | 4660689 |
| &nbsp;&nbsp;&nbsp;OFG Bancorp | 8233 | 358053 |
| &nbsp;&nbsp;&nbsp;Origin Bancorp | 267629 | 9238553 |
| &nbsp;&nbsp;&nbsp;Pathward Financial | 4617 | 341704 |
| &nbsp;&nbsp;&nbsp;Preferred Bank | 23385 | 2113770 |
| &nbsp;&nbsp;&nbsp;Provident Financial Services | 44601 | 859907 |
| &nbsp;&nbsp;&nbsp;Renasant Corporation | 22400 | 826336 |
| &nbsp;&nbsp;&nbsp;S&T Bancorp | 33289 | 1251334 |
| &nbsp;&nbsp;&nbsp;Seacoast Banking Corporation of Florida | 57500 | 1749725 |
| &nbsp;&nbsp;&nbsp;Southside Bancshares | 36401 | 1028328 |
| &nbsp;&nbsp;&nbsp;TowneBank | 45000 | 1555650 |
| &nbsp;&nbsp;&nbsp;WaFd | 2225 | 67395 |
| &nbsp;&nbsp;&nbsp;Westamerica Bancorporation | 43646 | 2181864 |
| &nbsp;&nbsp;&nbsp;Western Alliance Bancorp | 38000 | 3295360 |
| &nbsp;&nbsp;&nbsp;Western New England Bancorp | 13838 | 166194 |
| &nbsp;&nbsp;&nbsp;WSFS Financial | 8732 | 470917 |
|  |  | 89810579 |
| Capital Markets - 7.6% |  |  |
| &nbsp;&nbsp;&nbsp;Acadian Asset Management | 45520 | 2192243 |
| &nbsp;&nbsp;&nbsp;Ares Management Cl. A | 31800 | 5084502 |
| &nbsp;&nbsp;&nbsp;Artisan Partners Asset Management Cl. A | 238936 | 10369822 |
| &nbsp;&nbsp;&nbsp;Bolsa Mexicana de Valores | 1723106 | 3603624 |
| &nbsp;&nbsp;&nbsp;Cohen & Steers | 25425 | 1668134 |
| &nbsp;&nbsp;&nbsp;Donnelley Financial Solutions <sup>[1](#e001)</sup> | 106264 | 5465158 |
| &nbsp;&nbsp;&nbsp;Evercore Cl. A | 10832 | 3653850 |
| &nbsp;&nbsp;&nbsp;GCM Grosvenor Cl. A | 801494 | 9674033 |
| &nbsp;&nbsp;&nbsp;Houlihan Lokey Cl. A | 15905 | 3265615 |
| &nbsp;&nbsp;&nbsp;Lazard | 133881 | 7066239 |
| &nbsp;&nbsp;&nbsp;Marex Group | 342066 | 11500259 |
| &nbsp;&nbsp;&nbsp;MarketWise Cl. A | 25000 | 413250 |
| &nbsp;&nbsp;&nbsp;Moelis & Company Cl. A | 6452 | 460157 |
| &nbsp;&nbsp;&nbsp;Morningstar | 8189 | 1899930 |
| &nbsp;&nbsp;&nbsp;Onex Corporation | 173237 | 15371874 |
| &nbsp;&nbsp;&nbsp;Perella Weinberg Partners Cl. A | 193771 | 4131198 |
| &nbsp;&nbsp;&nbsp;SEI Investments | 264994 | 22484741 |
| &nbsp;&nbsp;&nbsp;Sprott | 231827 | 19268110 |
| &nbsp;&nbsp;&nbsp;StoneX Group <sup>[1](#e001)</sup> | 62144 | 6271572 |
| &nbsp;&nbsp;&nbsp;Tel Aviv Stock Exchange | 221179 | 5101100 |
| &nbsp;&nbsp;&nbsp;TMX Group | 478421 | 18302173 |
| &nbsp;&nbsp;&nbsp;Victory Capital Holdings Cl. A | 63800 | 4131688 |
| &nbsp;&nbsp;&nbsp;Virtu Financial Cl. A | 85000 | 3017500 |
|  |  | 164396772 |
| Consumer Finance - 0.7% |  |  |
| &nbsp;&nbsp;&nbsp;Bread Financial Holdings | 39037 | 2177093 |
| &nbsp;&nbsp;&nbsp;Encore Capital Group <sup>[1](#e001)</sup> | 25000 | 1043500 |
| &nbsp;&nbsp;&nbsp;FirstCash Holdings | 54254 | 8594919 |
| &nbsp;&nbsp;&nbsp;PROG Holdings | 37614 | 1217189 |
| &nbsp;&nbsp;&nbsp;World Acceptance <sup>[1](#e001)</sup> | 14894 | 2519171 |
|  |  | 15551872 |
| Financial Services - 2.0% |  |  |
| &nbsp;&nbsp;&nbsp;Banco Latinoamericano de Comercio Exterior Cl. E | 114899 | 5281907 |
| &nbsp;&nbsp;&nbsp;Burford Capital | 175000 | 2093000 |
| &nbsp;&nbsp;&nbsp;ECN Capital | 838800 | 1711714 |
| &nbsp;&nbsp;&nbsp;Enact Holdings | 15213 | 583266 |
| &nbsp;&nbsp;&nbsp;I3 Verticals Cl. A <sup>[1](#e001)</sup> | 33430 | 1085138 |
| &nbsp;&nbsp;&nbsp;Jackson Financial | 9858 | 997925 |
| &nbsp;&nbsp;&nbsp;Merchants Bancorp | 177707 | 5651083 |
| &nbsp;&nbsp;&nbsp;NCR Atleos <sup>[1](#e001)</sup> | 76377 | 3002380 |
| &nbsp;&nbsp;&nbsp;NewtekOne | 314894 | 3605536 |
| &nbsp;&nbsp;&nbsp;NMI Holdings <sup>[1](#e001)</sup> | 129767 | 4975267 |
| &nbsp;&nbsp;&nbsp;Payoneer Global <sup>[1](#e001)</sup> | 124301 | 752021 |
| &nbsp;&nbsp;&nbsp;Paysign <sup>[1](#e001)</sup> | 143758 | 904238 |
| &nbsp;&nbsp;&nbsp;Radian Group | 87197 | 3158275 |
| &nbsp;&nbsp;&nbsp;Shift4 Payments Cl. A <sup>[1](#e001)</sup> | 50000 | 3870000 |
| &nbsp;&nbsp;&nbsp;Walker & Dunlop | 72946 | 6099745 |
|  |  | 43771495 |
| Insurance - 6.5% |  |  |
| &nbsp;&nbsp;&nbsp;Abacus Global Management <sup>[1](#e001)</sup> | 565017 | 3237547 |
| &nbsp;&nbsp;&nbsp;AMERISAFE | 94890 | 4159978 |
| &nbsp;&nbsp;&nbsp;Assured Guaranty | 355857 | 30123295 |
| &nbsp;&nbsp;&nbsp;Axis Capital Holdings | 47788 | 4578090 |
| &nbsp;&nbsp;&nbsp;Berkley (W.R.) | 73854 | 5658694 |
| &nbsp;&nbsp;&nbsp;E-L Financial | 2052214 | 23859181 |
| &nbsp;&nbsp;&nbsp;Employers Holdings | 38340 | 1628683 |
| &nbsp;&nbsp;&nbsp;Fidelis Insurance Holdings | 326307 | 5922472 |
| &nbsp;&nbsp;&nbsp;Hagerty Cl. A <sup>[1](#e001)</sup> | 485700 | 5847828 |
| &nbsp;&nbsp;&nbsp;HCI Group | 14231 | 2731356 |
| &nbsp;&nbsp;&nbsp;International General Insurance Holdings | 904553 | 20985630 |
| &nbsp;&nbsp;&nbsp;Lincoln National | 48219 | 1944672 |
| &nbsp;&nbsp;&nbsp;Mercury General | 26467 | 2243872 |
| &nbsp;&nbsp;&nbsp;RenaissanceRe Holdings | 26495 | 6727875 |
| &nbsp;&nbsp;&nbsp;RLI Corp. | 115876 | 7557433 |
| &nbsp;&nbsp;&nbsp;SiriusPoint <sup>[1](#e001)</sup> | 93222 | 1686386 |
| &nbsp;&nbsp;&nbsp;Skyward Specialty Insurance Group <sup>[1](#e001)</sup> | 50269 | 2390794 |
| &nbsp;&nbsp;&nbsp;White Mountains Insurance Group | 4923 | 8228893 |
|  |  | 139512679 |
| **Total** |  | 453043397 |
| **Health Care – 9.2%** |  |  |
| Biotechnology - 2.6% |  |  |
| &nbsp;&nbsp;&nbsp;ADMA Biologics <sup>[1](#e001)</sup> | 523830 | 7679348 |
| &nbsp;&nbsp;&nbsp;Alkermes <sup>[1](#e001)</sup> | 49769 | 1493070 |
| &nbsp;&nbsp;&nbsp;BridgeBio Pharma <sup>[1](#e001)</sup> | 127136 | 6603444 |
| &nbsp;&nbsp;&nbsp;Catalyst Pharmaceuticals <sup>[1](#e001)</sup> | 550068 | 10836340 |
| &nbsp;&nbsp;&nbsp;Centessa Pharmaceuticals ADR <sup>[1](#e001)</sup> | 138493 | 3358455 |
| &nbsp;&nbsp;&nbsp;Cytokinetics <sup>[1](#e001)</sup> | 55988 | 3077100 |
| &nbsp;&nbsp;&nbsp;89bio <sup>[1](#e001)</sup> | 34000 | 499800 |
| &nbsp;&nbsp;&nbsp;Halozyme Therapeutics <sup>[1](#e001)</sup> | 23565 | 1728257 |
| &nbsp;&nbsp;&nbsp;Insmed <sup>[1](#e001)</sup> | 50411 | 7259688 |
| &nbsp;&nbsp;&nbsp;Ironwood Pharmaceuticals Cl. A <sup>[1](#e001)</sup> | 300619 | 393811 |
| &nbsp;&nbsp;&nbsp;Metsera <sup>[1](#e001)</sup> | 56966 | 2981031 |
| &nbsp;&nbsp;&nbsp;ORIC Pharmaceuticals <sup>[1](#e001)</sup> | 421304 | 5055648 |
| &nbsp;&nbsp;&nbsp;Protagonist Therapeutics <sup>[1](#e001)</sup> | 16989 | 1128579 |
| &nbsp;&nbsp;&nbsp;PTC Therapeutics <sup>[1](#e001)</sup> | 17230 | 1057405 |
| &nbsp;&nbsp;&nbsp;Soleno Therapeutics <sup>[1](#e001)</sup> | 17320 | 1170832 |
| &nbsp;&nbsp;&nbsp;Travere Therapeutics <sup>[1](#e001)</sup> | 68275 | 1631773 |
|  |  | 55954581 |
| Health Care Equipment & Supplies - 1.9% |  |  |
| &nbsp;&nbsp;&nbsp;Alphatec Holdings <sup>[1](#e001)</sup> | 109000 | 1584860 |
| &nbsp;&nbsp;&nbsp;Avanos Medical <sup>[1](#e001)</sup> | 23812 | 275267 |
| &nbsp;&nbsp;&nbsp;Axogen <sup>[1](#e001)</sup> | 62000 | 1106080 |
| &nbsp;&nbsp;&nbsp;Embecta Corp. | 21700 | 306187 |
| &nbsp;&nbsp;&nbsp;Enovis Corporation <sup>[1](#e001)</sup> | 177374 | 5381527 |
| &nbsp;&nbsp;&nbsp;Envista Holdings <sup>[1](#e001)</sup> | 266514 | 5428890 |
| &nbsp;&nbsp;&nbsp;Establishment Labs Holdings <sup>[1](#e001)</sup> | 22184 | 909322 |
| &nbsp;&nbsp;&nbsp;Haemonetics Corporation <sup>[1](#e001)</sup> | 203066 | 9897437 |
| &nbsp;&nbsp;&nbsp;Omnicell <sup>[1](#e001)</sup> | 16037 | 488327 |
| &nbsp;&nbsp;&nbsp;TransMedics Group <sup>[1](#e001)</sup> | 127500 | 14305500 |
| &nbsp;&nbsp;&nbsp;UFP Technologies <sup>[1](#e001)</sup> | 4320 | 862272 |
|  |  | 40545669 |
| Health Care Providers & Services - 1.0% |  |  |
| &nbsp;&nbsp;&nbsp;Addus HomeCare <sup>[1](#e001)</sup> | 3301 | 389485 |
| &nbsp;&nbsp;&nbsp;AMN Healthcare Services <sup>[1](#e001)</sup> | 20805 | 402785 |
| &nbsp;&nbsp;&nbsp;BrightSpring Health Services <sup>[1](#e001)</sup> | 61577 | 1820216 |
| &nbsp;&nbsp;&nbsp;Concentra Group Holdings Parent | 77388 | 1619731 |
| &nbsp;&nbsp;&nbsp;CorVel Corporation <sup>[1](#e001)</sup> | 8317 | 643902 |
| &nbsp;&nbsp;&nbsp;GeneDx Holdings Cl. A <sup>[1](#e001)</sup> | 40042 | 4314125 |
| &nbsp;&nbsp;&nbsp;Owens & Minor <sup>[1](#e001)</sup> | 59859 | 287323 |
| &nbsp;&nbsp;&nbsp;PACS Group <sup>[1](#e001)</sup> | 350304 | 4809674 |
| &nbsp;&nbsp;&nbsp;Pediatrix Medical Group <sup>[1](#e001)</sup> | 170167 | 2850297 |
| &nbsp;&nbsp;&nbsp;Premier Cl. A | 16245 | 451611 |
| &nbsp;&nbsp;&nbsp;Progyny <sup>[1](#e001)</sup> | 37901 | 815629 |
| &nbsp;&nbsp;&nbsp;Select Medical Holdings | 95900 | 1231356 |
| &nbsp;&nbsp;&nbsp;Talkspace <sup>[1](#e001)</sup> | 290760 | 802498 |
|  |  | 20438632 |
| Health Care Technology - 0.0% |  |  |
| &nbsp;&nbsp;&nbsp;Veradigm <sup>[1](#e001),[2](#e002)</sup> | 153900 | 738720 |
| Life Sciences Tools & Services - 1.8% |  |  |
| &nbsp;&nbsp;&nbsp;Azenta <sup>[1](#e001)</sup> | 219100 | 6292552 |
| &nbsp;&nbsp;&nbsp;BioLife Solutions <sup>[1](#e001)</sup> | 22641 | 577572 |
| &nbsp;&nbsp;&nbsp;Bio-Techne | 109313 | 6081082 |
| &nbsp;&nbsp;&nbsp;Charles River Laboratories International <sup>[1](#e001)</sup> | 47133 | 7374429 |
| &nbsp;&nbsp;&nbsp;Fortrea Holdings <sup>[1](#e001)</sup> | 56346 | 474433 |
| &nbsp;&nbsp;&nbsp;Mesa Laboratories | 53188 | 3564128 |
| &nbsp;&nbsp;&nbsp;Repligen Corporation <sup>[1](#e001)</sup> | 82280 | 10998368 |
| &nbsp;&nbsp;&nbsp;Stevanato Group | 167724 | 4318893 |
|  |  | 39681457 |
| Pharmaceuticals - 1.9% |  |  |
| &nbsp;&nbsp;&nbsp;Amphastar Pharmaceuticals <sup>[1](#e001)</sup> | 34925 | 930751 |
| &nbsp;&nbsp;&nbsp;Axsome Therapeutics <sup>[1](#e001)</sup> | 21973 | 2668621 |
| &nbsp;&nbsp;&nbsp;Collegium Pharmaceutical <sup>[1](#e001)</sup> | 50839 | 1778857 |
| &nbsp;&nbsp;&nbsp;Corcept Therapeutics <sup>[1](#e001)</sup> | 138550 | 11514890 |
| &nbsp;&nbsp;&nbsp;CorMedix <sup>[1](#e001)</sup> | 68000 | 790840 |
| &nbsp;&nbsp;&nbsp;Elanco Animal Health <sup>[1](#e001)</sup> | 328773 | 6621488 |
| &nbsp;&nbsp;&nbsp;Esperion Therapeutics <sup>[1](#e001)</sup> | 541123 | 1433976 |
| &nbsp;&nbsp;&nbsp;Harmony Biosciences Holdings <sup>[1](#e001)</sup> | 78385 | 2160291 |
| &nbsp;&nbsp;&nbsp;Harrow <sup>[1](#e001)</sup> | 11250 | 542025 |
| &nbsp;&nbsp;&nbsp;Indivior <sup>[1](#e001)</sup> | 137423 | 3313269 |
| &nbsp;&nbsp;&nbsp;Innoviva <sup>[1](#e001)</sup> | 74132 | 1352909 |
| &nbsp;&nbsp;&nbsp;Organon & Co | 36287 | 387545 |
| &nbsp;&nbsp;&nbsp;Prestige Consumer Healthcare <sup>[1](#e001)</sup> | 56300 | 3513120 |
| &nbsp;&nbsp;&nbsp;Supernus Pharmaceuticals <sup>[1](#e001)</sup> | 37451 | 1789783 |
| &nbsp;&nbsp;&nbsp;Zevra Therapeutics <sup>[1](#e001)</sup> | 214513 | 2040019 |
|  |  | 40838384 |
| **Total** |  | 198197443 |
| **Industrials – 25.1%** |  |  |
| Aerospace & Defense - 1.7% |  |  |
| &nbsp;&nbsp;&nbsp;AeroVironment <sup>[1](#e001)</sup> | 3000 | 944670 |
| &nbsp;&nbsp;&nbsp;Karman Holdings <sup>[1](#e001),[3](#e003)</sup> | 87974 | 6351723 |
| &nbsp;&nbsp;&nbsp;Kratos Defense & Security Solutions <sup>[1](#e001)</sup> | 128876 | 11775400 |
| &nbsp;&nbsp;&nbsp;Leonardo DRS | 26311 | 1194519 |
| &nbsp;&nbsp;&nbsp;Magellan Aerospace | 943092 | 11086430 |
| &nbsp;&nbsp;&nbsp;Moog Cl. A | 20855 | 4330958 |
| &nbsp;&nbsp;&nbsp;National Presto Industries | 504 | 56524 |
|  |  | 35740224 |
| Air Freight & Logistics - 0.2% |  |  |
| &nbsp;&nbsp;&nbsp;Forward Air <sup>[1](#e001)</sup> | 63360 | 1624550 |
| &nbsp;&nbsp;&nbsp;Hub Group Cl. A | 47492 | 1635625 |
|  |  | 3260175 |
| Building Products - 1.9% |  |  |
| &nbsp;&nbsp;&nbsp;AAON | 105910 | 9896230 |
| &nbsp;&nbsp;&nbsp;American Woodmark <sup>[1](#e001)</sup> | 542 | 36184 |
| &nbsp;&nbsp;&nbsp;Apogee Enterprises | 29479 | 1284400 |
| &nbsp;&nbsp;&nbsp;Carlisle Companies | 5000 | 1644800 |
| &nbsp;&nbsp;&nbsp;Gibraltar Industries <sup>[1](#e001)</sup> | 31181 | 1958167 |
| &nbsp;&nbsp;&nbsp;Hayward Holdings <sup>[1](#e001)</sup> | 22956 | 347095 |
| &nbsp;&nbsp;&nbsp;Janus International Group <sup>[1](#e001)</sup> | 291088 | 2873039 |
| &nbsp;&nbsp;&nbsp;MasterBrand <sup>[1](#e001)</sup> | 235165 | 3097123 |
| &nbsp;&nbsp;&nbsp;Quanex Building Products | 29587 | 420727 |
| &nbsp;&nbsp;&nbsp;Resideo Technologies <sup>[1](#e001)</sup> | 52991 | 2288151 |
| &nbsp;&nbsp;&nbsp;Simpson Manufacturing <sup>[3](#e003)</sup> | 52500 | 8791650 |
| &nbsp;&nbsp;&nbsp;UFP Industries | 94501 | 8834899 |
|  |  | 41472465 |
| Commercial Services & Supplies - 2.7% |  |  |
| &nbsp;&nbsp;&nbsp;ACV Auctions Cl. A <sup>[1](#e001)</sup> | 189300 | 1875963 |
| &nbsp;&nbsp;&nbsp;Brady Corporation Cl. A | 276191 | 21551184 |
| &nbsp;&nbsp;&nbsp;CECO Environmental <sup>[1](#e001)</sup> | 126406 | 6471987 |
| &nbsp;&nbsp;&nbsp;CompX International Cl. A | 166074 | 3886132 |
| &nbsp;&nbsp;&nbsp;Healthcare Services Group <sup>[1](#e001)</sup> | 446613 | 7516497 |
| &nbsp;&nbsp;&nbsp;HNI Corporation | 26326 | 1233373 |
| &nbsp;&nbsp;&nbsp;Liquidity Services <sup>[1](#e001)</sup> | 49275 | 1351613 |
| &nbsp;&nbsp;&nbsp;MSA Safety | 15650 | 2692895 |
| &nbsp;&nbsp;&nbsp;RB Global | 36537 | 3959149 |
| &nbsp;&nbsp;&nbsp;UniFirst Corporation | 14200 | 2374098 |
| &nbsp;&nbsp;&nbsp;Vestis Corporation | 77353 | 350409 |
| &nbsp;&nbsp;&nbsp;VSE Corporation | 33382 | 5549424 |
|  |  | 58812724 |
| Construction & Engineering - 6.5% |  |  |
| &nbsp;&nbsp;&nbsp;Ameresco Cl. A <sup>[1](#e001)</sup> | 132690 | 4455730 |
| &nbsp;&nbsp;&nbsp;APi Group <sup>[1](#e001)</sup> | 663180 | 22793497 |
| &nbsp;&nbsp;&nbsp;Arcosa | 221550 | 20761450 |
| &nbsp;&nbsp;&nbsp;Argan | 28903 | 7805255 |
| &nbsp;&nbsp;&nbsp;IES Holdings <sup>[1](#e001)</sup> | 123638 | 49164651 |
| &nbsp;&nbsp;&nbsp;Limbach Holdings <sup>[1](#e001)</sup> | 35071 | 3406095 |
| &nbsp;&nbsp;&nbsp;MYR Group <sup>[1](#e001)</sup> | 17658 | 3673394 |
| &nbsp;&nbsp;&nbsp;NWPX Infrastructure <sup>[1](#e001)</sup> | 32800 | 1736104 |
| &nbsp;&nbsp;&nbsp;Sterling Infrastructure <sup>[1](#e001)</sup> | 47391 | 16097775 |
| &nbsp;&nbsp;&nbsp;Valmont Industries | 26118 | 10126732 |
|  |  | 140020683 |
| Electrical Equipment - 1.6% |  |  |
| &nbsp;&nbsp;&nbsp;LSI Industries | 496657 | 11726072 |
| &nbsp;&nbsp;&nbsp;Powell Industries | 54342 | 16563985 |
| &nbsp;&nbsp;&nbsp;Preformed Line Products | 32816 | 6436858 |
|  |  | 34726915 |
| Ground Transportation - 0.3% |  |  |
| &nbsp;&nbsp;&nbsp;Hertz Global Holdings <sup>[1](#e001)</sup> | 239496 | 1628573 |
| &nbsp;&nbsp;&nbsp;Landstar System | 24551 | 3008970 |
| &nbsp;&nbsp;&nbsp;Ryder System | 14770 | 2786213 |
|  |  | 7423756 |
| Machinery - 5.2% |  |  |
| &nbsp;&nbsp;&nbsp;Alamo Group | 5467 | 1043650 |
| &nbsp;&nbsp;&nbsp;Albany International Cl. A | 5339 | 284569 |
| &nbsp;&nbsp;&nbsp;Astec Industries | 6778 | 326225 |
| &nbsp;&nbsp;&nbsp;Atmus Filtration Technologies | 231617 | 10443610 |
| &nbsp;&nbsp;&nbsp;ATS Corporation <sup>[1](#e001)</sup> | 30500 | 797949 |
| &nbsp;&nbsp;&nbsp;Enpro | 40251 | 9096726 |
| &nbsp;&nbsp;&nbsp;ESAB Corporation | 169406 | 18929426 |
| &nbsp;&nbsp;&nbsp;ESCO Technologies | 61176 | 12914865 |
| &nbsp;&nbsp;&nbsp;Franklin Electric | 3973 | 378230 |
| &nbsp;&nbsp;&nbsp;Graham Corporation <sup>[1](#e001)</sup> | 78428 | 4305697 |
| &nbsp;&nbsp;&nbsp;Helios Technologies | 51900 | 2705547 |
| &nbsp;&nbsp;&nbsp;JBT Marel | 113567 | 15950485 |
| &nbsp;&nbsp;&nbsp;Kadant | 31740 | 9445189 |
| &nbsp;&nbsp;&nbsp;Kennametal | 16821 | 352064 |
| &nbsp;&nbsp;&nbsp;Lincoln Electric Holdings | 3984 | 939547 |
| &nbsp;&nbsp;&nbsp;Lindsay Corporation | 61226 | 8605927 |
| &nbsp;&nbsp;&nbsp;Miller Industries | 23754 | 960137 |
| &nbsp;&nbsp;&nbsp;Mueller Industries | 8208 | 829911 |
| &nbsp;&nbsp;&nbsp;RBC Bearings <sup>[1](#e001),[3](#e003)</sup> | 9120 | 3559445 |
| &nbsp;&nbsp;&nbsp;REV Group | 3289 | 186388 |
| &nbsp;&nbsp;&nbsp;SPX Technologies <sup>[1](#e001)</sup> | 4550 | 849849 |
| &nbsp;&nbsp;&nbsp;Standex International | 4868 | 1031529 |
| &nbsp;&nbsp;&nbsp;Tennant Company | 40000 | 3242400 |
| &nbsp;&nbsp;&nbsp;Timken Company (The) | 68285 | 5133666 |
| &nbsp;&nbsp;&nbsp;Titan International <sup>[1](#e001)</sup> | 56508 | 427200 |
|  |  | 112740231 |
| Marine Transportation - 0.3% |  |  |
| &nbsp;&nbsp;&nbsp;Kirby Corporation <sup>[1](#e001)</sup> | 26718 | 2229617 |
| &nbsp;&nbsp;&nbsp;Matson | 32624 | 3216400 |
|  |  | 5446017 |
| Passenger Airlines - 0.2% |  |  |
| &nbsp;&nbsp;&nbsp;SkyWest <sup>[1](#e001)</sup> | 19451 | 1957160 |
| &nbsp;&nbsp;&nbsp;Strata Critical Medical <sup>[1](#e001)</sup> | 293819 | 1486724 |
| &nbsp;&nbsp;&nbsp;Sun Country Airlines Holdings <sup>[1](#e001)</sup> | 87339 | 1031473 |
|  |  | 4475357 |
| Professional Services - 2.0% |  |  |
| &nbsp;&nbsp;&nbsp;CBIZ <sup>[1](#e001)</sup> | 68100 | 3606576 |
| &nbsp;&nbsp;&nbsp;CSG Systems International | 8209 | 528496 |
| &nbsp;&nbsp;&nbsp;Exponent | 71600 | 4974768 |
| &nbsp;&nbsp;&nbsp;Franklin Covey <sup>[1](#e001)</sup> | 183811 | 3567772 |
| &nbsp;&nbsp;&nbsp;Heidrick & Struggles International | 34590 | 1721544 |
| &nbsp;&nbsp;&nbsp;Insperity | 122856 | 6044515 |
| &nbsp;&nbsp;&nbsp;KBR | 243821 | 11530295 |
| &nbsp;&nbsp;&nbsp;Korn Ferry | 135179 | 9459827 |
| &nbsp;&nbsp;&nbsp;Paylocity Holding <sup>[1](#e001)</sup> | 3000 | 477810 |
| &nbsp;&nbsp;&nbsp;Robert Half | 11685 | 397056 |
| &nbsp;&nbsp;&nbsp;Verra Mobility Cl. A <sup>[1](#e001)</sup> | 21579 | 533001 |
|  |  | 42841660 |
| Trading Companies & Distributors - 2.5% |  |  |
| &nbsp;&nbsp;&nbsp;Air Lease Cl. A | 77939 | 4960817 |
| &nbsp;&nbsp;&nbsp;Applied Industrial Technologies | 18500 | 4829425 |
| &nbsp;&nbsp;&nbsp;Distribution Solutions Group <sup>[1](#e001)</sup> | 92384 | 2778911 |
| &nbsp;&nbsp;&nbsp;DNOW <sup>[1](#e001)</sup> | 150223 | 2290901 |
| &nbsp;&nbsp;&nbsp;EVI Industries | 45663 | 1443407 |
| &nbsp;&nbsp;&nbsp;FTAI Aviation | 85996 | 14349293 |
| &nbsp;&nbsp;&nbsp;MSC Industrial Direct Cl. A | 51773 | 4770364 |
| &nbsp;&nbsp;&nbsp;Rush Enterprises Cl. A | 41050 | 2194944 |
| &nbsp;&nbsp;&nbsp;Teqnion <sup>[1](#e001)</sup> | 191300 | 3173974 |
| &nbsp;&nbsp;&nbsp;Transcat <sup>[1](#e001)</sup> | 106635 | 7805682 |
| &nbsp;&nbsp;&nbsp;WESCO International | 24300 | 5139450 |
|  |  | 53737168 |
| **Total** |  | 540697375 |
| **Information Technology – 13.8%** |  |  |
| Communications Equipment - 0.3% |  |  |
| &nbsp;&nbsp;&nbsp;Digi International <sup>[1](#e001)</sup> | 64057 | 2335518 |
| &nbsp;&nbsp;&nbsp;Extreme Networks <sup>[1](#e001)</sup> | 39263 | 810781 |
| &nbsp;&nbsp;&nbsp;Harmonic <sup>[1](#e001)</sup> | 260843 | 2655382 |
| &nbsp;&nbsp;&nbsp;NetScout Systems <sup>[1](#e001)</sup> | 50000 | 1291500 |
|  |  | 7093181 |
| Electronic Equipment, Instruments & Components - 5.7% |  |  |
| &nbsp;&nbsp;&nbsp;Arrow Electronics <sup>[1](#e001)</sup> | 22306 | 2699026 |
| &nbsp;&nbsp;&nbsp;Badger Meter | 6499 | 1160592 |
| &nbsp;&nbsp;&nbsp;Bel Fuse Cl. B | 16564 | 2335855 |
| &nbsp;&nbsp;&nbsp;Benchmark Electronics | 54127 | 2086596 |
| &nbsp;&nbsp;&nbsp;Cognex Corporation | 274643 | 12441328 |
| &nbsp;&nbsp;&nbsp;Coherent Corp. <sup>[1](#e001)</sup> | 70000 | 7540400 |
| &nbsp;&nbsp;&nbsp;Crane NXT | 154532 | 10364461 |
| &nbsp;&nbsp;&nbsp;CTS Corporation | 37645 | 1503541 |
| &nbsp;&nbsp;&nbsp;ePlus | 26999 | 1917199 |
| &nbsp;&nbsp;&nbsp;Insight Enterprises <sup>[1](#e001)</sup> | 15886 | 1801631 |
| &nbsp;&nbsp;&nbsp;IPG Photonics <sup>[1](#e001)</sup> | 51100 | 4046609 |
| &nbsp;&nbsp;&nbsp;Itron <sup>[1](#e001)</sup> | 6968 | 867934 |
| &nbsp;&nbsp;&nbsp;Knowles Corporation <sup>[1](#e001)</sup> | 235007 | 5478013 |
| &nbsp;&nbsp;&nbsp;Littelfuse | 36520 | 9459045 |
| &nbsp;&nbsp;&nbsp;Luna Innovations <sup>[1](#e001),[2](#e002)</sup> | 657869 | 723656 |
| &nbsp;&nbsp;&nbsp;Mirion Technologies Cl. A <sup>[1](#e001)</sup> | 44201 | 1028115 |
| &nbsp;&nbsp;&nbsp;nLIGHT <sup>[1](#e001)</sup> | 160213 | 4747111 |
| &nbsp;&nbsp;&nbsp;PAR Technology <sup>[1](#e001)</sup> | 412239 | 16316420 |
| &nbsp;&nbsp;&nbsp;PC Connection | 25928 | 1607277 |
| &nbsp;&nbsp;&nbsp;Plexus <sup>[1](#e001)</sup> | 11658 | 1686796 |
| &nbsp;&nbsp;&nbsp;Richardson Electronics | 433407 | 4243055 |
| &nbsp;&nbsp;&nbsp;Sanmina Corporation <sup>[1](#e001)</sup> | 62295 | 7170778 |
| &nbsp;&nbsp;&nbsp;ScanSource <sup>[1](#e001)</sup> | 23163 | 1018940 |
| &nbsp;&nbsp;&nbsp;Teledyne Technologies <sup>[1](#e001)</sup> | 9660 | 5661146 |
| &nbsp;&nbsp;&nbsp;TTM Technologies <sup>[1](#e001)</sup> | 102692 | 5915059 |
| &nbsp;&nbsp;&nbsp;Vontier Corporation | 217581 | 9131875 |
|  |  | 122952458 |
| IT Services - 1.2% |  |  |
| &nbsp;&nbsp;&nbsp;DXC Technology <sup>[1](#e001)</sup> | 201727 | 2749539 |
| &nbsp;&nbsp;&nbsp;Hackett Group (The) | 717251 | 13634942 |
| &nbsp;&nbsp;&nbsp;Kyndryl Holdings <sup>[1](#e001)</sup> | 319274 | 9587798 |
|  |  | 25972279 |
| Semiconductors & Semiconductor Equipment - 5.0% |  |  |
| &nbsp;&nbsp;&nbsp;Allegro MicroSystems <sup>[1](#e001)</sup> | 57115 | 1667758 |
| &nbsp;&nbsp;&nbsp;Axcelis Technologies <sup>[1](#e001)</sup> | 33718 | 3292226 |
| &nbsp;&nbsp;&nbsp;Camtek <sup>[1](#e001)</sup> | 28179 | 2960204 |
| &nbsp;&nbsp;&nbsp;Cirrus Logic <sup>[1](#e001)</sup> | 112608 | 14108656 |
| &nbsp;&nbsp;&nbsp;Cohu <sup>[1](#e001)</sup> | 269293 | 5474727 |
| &nbsp;&nbsp;&nbsp;FormFactor <sup>[1](#e001)</sup> | 196874 | 7170151 |
| &nbsp;&nbsp;&nbsp;Impinj <sup>[1](#e001)</sup> | 99676 | 18016437 |
| &nbsp;&nbsp;&nbsp;Kulicke & Soffa Industries | 194058 | 7886517 |
| &nbsp;&nbsp;&nbsp;MKS | 149969 | 18561663 |
| &nbsp;&nbsp;&nbsp;Onto Innovation <sup>[1](#e001)</sup> | 35640 | 4605401 |
| &nbsp;&nbsp;&nbsp;Penguin Solutions <sup>[1](#e001)</sup> | 30255 | 795101 |
| &nbsp;&nbsp;&nbsp;Photronics <sup>[1](#e001)</sup> | 248033 | 5692357 |
| &nbsp;&nbsp;&nbsp;Qorvo <sup>[1](#e001)</sup> | 2652 | 241544 |
| &nbsp;&nbsp;&nbsp;Silicon Laboratories <sup>[1](#e001)</sup> | 8250 | 1081823 |
| &nbsp;&nbsp;&nbsp;SiTime Corporation <sup>[1](#e001)</sup> | 30465 | 9179409 |
| &nbsp;&nbsp;&nbsp;Tower Semiconductor <sup>[1](#e001)</sup> | 63152 | 4565890 |
| &nbsp;&nbsp;&nbsp;Ultra Clean Holdings <sup>[1](#e001)</sup> | 66200 | 1803950 |
|  |  | 107103814 |
| Software - 1.6% |  |  |
| &nbsp;&nbsp;&nbsp;Adeia | 145327 | 2441494 |
| &nbsp;&nbsp;&nbsp;Agilysys <sup>[1](#e001)</sup> | 72937 | 7676619 |
| &nbsp;&nbsp;&nbsp;Blend Labs Cl. A <sup>[1](#e001)</sup> | 285333 | 1041465 |
| &nbsp;&nbsp;&nbsp;Computer Modelling Group | 614611 | 2768995 |
| &nbsp;&nbsp;&nbsp;Coveo Solutions <sup>[1](#e001)</sup> | 340000 | 2105914 |
| &nbsp;&nbsp;&nbsp;Descartes Systems Group (The) <sup>[1](#e001)</sup> | 8500 | 800955 |
| &nbsp;&nbsp;&nbsp;InterDigital <sup>[3](#e003)</sup> | 6847 | 2363790 |
| &nbsp;&nbsp;&nbsp;JFrog <sup>[1](#e001)</sup> | 214000 | 10128620 |
| &nbsp;&nbsp;&nbsp;NCR Voyix <sup>[1](#e001)</sup> | 4495 | 56412 |
| &nbsp;&nbsp;&nbsp;NextNav <sup>[1](#e001)</sup> | 33000 | 471900 |
| &nbsp;&nbsp;&nbsp;Progress Software <sup>[1](#e001)</sup> | 52250 | 2295342 |
| &nbsp;&nbsp;&nbsp;Teradata Corporation <sup>[1](#e001)</sup> | 28868 | 620951 |
| &nbsp;&nbsp;&nbsp;Vertex Cl. A <sup>[1](#e001)</sup> | 32000 | 793280 |
|  |  | 33565737 |
| Technology Hardware, Storage & Peripherals - 0.0% |  |  |
| &nbsp;&nbsp;&nbsp;Xerox Holdings | 5573 | 20954 |
| **Total** |  | 296708423 |
| **Materials – 7.2%** |  |  |
| Chemicals - 3.1% |  |  |
| &nbsp;&nbsp;&nbsp;Element Solutions | 679001 | 17090455 |
| &nbsp;&nbsp;&nbsp;Flotek Industries <sup>[1](#e001)</sup> | 103170 | 1506282 |
| &nbsp;&nbsp;&nbsp;Hawkins | 93259 | 17040285 |
| &nbsp;&nbsp;&nbsp;Ingevity Corporation <sup>[1](#e001)</sup> | 209034 | 11536586 |
| &nbsp;&nbsp;&nbsp;Innospec | 61220 | 4723735 |
| &nbsp;&nbsp;&nbsp;Quaker Houghton | 111777 | 14726620 |
|  |  | 66623963 |
| Construction Materials - 0.1% |  |  |
| &nbsp;&nbsp;&nbsp;United States Lime & Minerals | 13891 | 1827361 |
| Containers & Packaging - 0.5% |  |  |
| &nbsp;&nbsp;&nbsp;Graphic Packaging Holding Company | 233029 | 4560377 |
| &nbsp;&nbsp;&nbsp;Sealed Air | 63998 | 2262329 |
| &nbsp;&nbsp;&nbsp;Silgan Holdings | 113066 | 4862969 |
|  |  | 11685675 |
| Metals & Mining - 3.0% |  |  |
| &nbsp;&nbsp;&nbsp;Alamos Gold Cl. A | 555000 | 19345441 |
| &nbsp;&nbsp;&nbsp;Alpha Metallurgical Resources <sup>[1](#e001)</sup> | 6335 | 1039510 |
| &nbsp;&nbsp;&nbsp;Century Aluminum <sup>[1](#e001)</sup> | 82935 | 2434971 |
| &nbsp;&nbsp;&nbsp;Commercial Metals <sup>[3](#e003)</sup> | 56600 | 3242048 |
| &nbsp;&nbsp;&nbsp;Gold Fields ADR | 386500 | 16217540 |
| &nbsp;&nbsp;&nbsp;IAMGOLD Corporation <sup>[1](#e001)</sup> | 500000 | 6465000 |
| &nbsp;&nbsp;&nbsp;Major Drilling Group International <sup>[1](#e001)</sup> | 1296691 | 10845357 |
| &nbsp;&nbsp;&nbsp;Metallus <sup>[1](#e001)</sup> | 56120 | 927664 |
| &nbsp;&nbsp;&nbsp;Reliance | 7725 | 2169412 |
| &nbsp;&nbsp;&nbsp;SunCoke Energy | 45204 | 368865 |
| &nbsp;&nbsp;&nbsp;Worthington Steel | 42208 | 1282701 |
|  |  | 64338509 |
| Paper & Forest Products - 0.5% |  |  |
| &nbsp;&nbsp;&nbsp;Stella-Jones | 157271 | 8973838 |
| &nbsp;&nbsp;&nbsp;Sylvamo Corporation | 38399 | 1698004 |
|  |  | 10671842 |
| **Total** |  | 155147350 |
| **Real Estate – 2.2%** |  |  |
| Diversified REITs - 0.0% |  |  |
| &nbsp;&nbsp;&nbsp;New York REIT <sup>[1](#e001),[4](#e004)</sup> | 15000 | 100950 |
| Real Estate Management & Development - 2.2% |  |  |
| &nbsp;&nbsp;&nbsp;Colliers International Group | 52366 | 8180093 |
| &nbsp;&nbsp;&nbsp;FirstService Corporation | 79585 | 15160147 |
| &nbsp;&nbsp;&nbsp;FRP Holdings <sup>[1](#e001)</sup> | 108661 | 2646982 |
| &nbsp;&nbsp;&nbsp;Kennedy-Wilson Holdings | 607065 | 5050781 |
| &nbsp;&nbsp;&nbsp;Marcus & Millichap | 279309 | 8197719 |
| &nbsp;&nbsp;&nbsp;St. Joe Company (The) | 78800 | 3899024 |
| &nbsp;&nbsp;&nbsp;Tejon Ranch <sup>[1](#e001)</sup> | 313818 | 5014811 |
|  |  | 48149557 |
| **Total** |  | 48250507 |
| **Utilities – 0.2%** |  |  |
| Electric Utilities - 0.2% |  |  |
| &nbsp;&nbsp;&nbsp;MGE Energy | 25188 | 2120326 |
| &nbsp;&nbsp;&nbsp;Otter Tail | 31892 | 2614187 |
| **Total** |  | 4734513 |
| **TOTAL COMMON STOCKS** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $1,440,988,127) |  | 2049325799 |
| **INVESTMENT COMPANIES – 0.7%** |  |  |
| **Materials – 0.7%** |  |  |
| Metals & Mining - 0.7% |  |  |
| &nbsp;&nbsp;&nbsp;VanEck Junior Gold Miners ETF | 148758 | 14731505 |
| &nbsp;&nbsp;&nbsp;(Cost $5,088,129) |  | 14731505 |
| **INVESTMENTS AT VALUE** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $1,446,076,256) |  | 2064057304 |
| **REPURCHASE AGREEMENT – 5.1%** |  |  |
| Fixed Income Clearing Corporation, <br> 3.50% dated 9/30/25, due 10/1/25, <br> maturity value $110,350,661 (collateralized <br> by obligations of U.S. Government <br> Agencies, 3.875% due 5/31/27, valued at $112,546,818) |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $110,339,933) |  | 110339933 |
| **TOTAL INVESTMENTS – 101.0%** |  |  |
| &nbsp;&nbsp;&nbsp;(Cost $1,556,416,189) |  | 2174397237 |
| **LIABILITIES LESS CASH <br> AND OTHER ASSETS – (1.0)%** |  | (20562033) |
| **NET ASSETS – 100.0%** |  | $**2153835204** |

---

For the purposes of this report, "ADR" shall mean American Depository Receipt and "ETF" shall mean Exchange-Traded Fund.

<sup>1</sup> Non-income producing.

<sup>2</sup> These securities are defined as Level 2 securities due to fair value being based on quoted prices for similar securities and/or due to the application of fair value factors.

<sup>3</sup> All or a portion of these securities were pledged as collateral in connection with the Fund's revolving credit agreement as of September 30, 2025. Total market value of pledged securities as of September 30, 2025, was $1,380,032.

<sup>4</sup> A security for which market quotations are not readily available represents 0.0% of net assets. This security has been valued at its fair value under procedures approved by the Fund's Board of Directors. This security is defined as a Level 3 security due to the use of significant unobservable inputs in the determination of fair value.

**TAX INFORMATION:** The cost of total investments for Federal income tax purposes was $1,561,688,329. As of September 30, 2025, net unrealized appreciation for all securities was $612,708,908, consisting of aggregate gross unrealized appreciation of $717,450,383 and aggregate gross unrealized depreciation of $104,741,475. The primary cause of the difference between book and tax basis cost is the timing of the recognition of losses on securities sold.

**Valuation of Investments:**

Royce Small-Cap Trust, Inc. (the "Fund"), is a diversified closed-end investment company that was incorporated under the laws of the State of Maryland on July 1, 1986. The Fund commenced operations on November 26, 1986. Royce & Associates, LP, the Fund's investment adviser, is a majority-owned subsidiary of Franklin Resources, Inc. and primarily conducts business using the name Royce Investment Partners ("Royce"). Investment transactions are accounted for on the trade date. Portfolio securities held by the Fund are valued as of the close of trading on the New York Stock Exchange ("NYSE") (generally 4:00 p.m. Eastern time) on the valuation date. Investments in money market funds are valued at net asset value per share. Values for non-U.S. dollar denominated equity securities are converted to U.S. dollars daily based upon prevailing foreign currency exchange rates as quoted by a major bank.

Portfolio securities that are listed on an exchange or Nasdaq, or traded on OTC Market Group Inc.'s OTC Link ATS or other alternative trading system, are valued: (i) on the basis of their last reported sales prices or official closing prices, as applicable, on a valuation date; or (ii) at their highest reported bid prices in the event such equity securities did not trade on a valuation date. Such inputs are generally referred to as "Level 1" inputs because they represent reliable quoted prices in active markets for identical securities.

If the value of a portfolio security held by the Fund cannot be determined solely by reference to Level 1 inputs, such portfolio security will be "fair valued." The Fund's Board of Directors has designated Royce as valuation designee to perform fair value determinations for such portfolio securities in accordance with Rule 2a-5 under the Investment Company Act of 1940 ("Rule 2a-5"). Pursuant to Rule 2a-5, fair values are determined in accordance with policies and procedures approved by the Fund's Board of Directors and policies and procedures adopted by Royce in its capacity as valuation designee for the Fund. Fair valued securities are reported as either "Level 2" or "Level 3" securities.

As a general principle, the fair value of a security is the amount which the Fund might reasonably expect to receive for the security upon its current sale. However, in light of the judgment involved in fair valuations, no assurance can be given that a fair value assigned to a particular portfolio security will be the amount which the Fund might be able to receive upon its current sale. When a fair value pricing methodology is used, the fair value prices used by the Fund for such securities will likely differ from the quoted or published prices for the same securities.

Level 2 inputs are other significant observable inputs (e.g., dealer bid side quotes and quoted prices for securities with comparable characteristics). Examples of situations in which Level 2 inputs are used to fair value portfolio securities held by the Fund on a particular valuation date include:

● Over-the-counter equity securities other than those traded on OTC Market Group Inc.'s OTC Link ATS or other alternative trading system (collectively referred to herein as "Other OTC Equity Securities") are fair valued at their highest bid price when Royce receives at least two bid side quotes from dealers who make markets in such securities;

● Certain bonds and other fixed income securities may be fair valued by reference to other securities with comparable ratings, interest rates, and maturities in accordance with valuation methodologies maintained by certain independent pricing services; and

● The Fund uses an independent pricing service to fair value certain non-U.S. equity securities when U.S. market volatility exceeds a certain threshold set by Royce as valuation designee. This pricing service uses proprietary correlations it has developed between the movement of prices of non-U.S. equity securities and indices of U.S.-traded securities, futures contracts, and other indications to estimate the fair value of such non-U.S. securities.

Level 3 inputs are significant unobservable inputs. Examples of Level 3 inputs include (without limitation) the last trade price for a security before trading was suspended or terminated; discounts to last trade price for lack of marketability or otherwise; market price information regarding other securities; information received from the issuer and/or published documents, including SEC filings and financial statements; and other publicly available information. Pursuant to the above-referenced policies and procedures, Royce may use various techniques in making fair value determinations based upon Level 3 inputs, which techniques may include (without limitation): (i) workout valuation methods (e.g., earnings multiples, discounted cash flows, liquidation values, derivations of book value, firm or probable offers from qualified buyers for the issuer's ongoing business, etc.); (ii) discount or premium from market, or compilation of other observable market information, for other similar freely traded securities; (iii) conversion from the readily available market price of a security into which an affected security is convertible or exchangeable; and (iv) pricing models or other formulas.

A security that is valued by reference to Level 1 or Level 2 inputs may drop to Level 3 on a particular valuation date for several reasons, including if:

● an equity security that is listed on an exchange or Nasdaq, or traded on OTC Market Group Inc.'s OTC Link ATS or other alternative trading system, has not traded and there are no bids;

● Royce does not receive at least two bid side quotes for an Other OTC Equity Security;

● the independent pricing services are unable to supply fair value prices; or

● the Level 1 or Level 2 inputs become otherwise unreliable for any reason (e.g., a significant event occurs after the close of trading for a security but prior to the time the Fund prices its shares).

The table below shows the aggregate value of the various Level 1, Level 2, and Level 3 securities held by the Fund as of September 30, 2025. Any Level 2 or Level 3 securities held by the Fund are noted in its Schedule of Investments. The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with owning those securities.

---

| | | | | |
|:---|:---|:---|:---|:---|
| | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Common Stocks | $2047762473 | $1462376 | $100950 | $2049325799 |
| Investment Companies | 14731505 |  |  | 14731505 |
| Repurchase Agreement |  | 110339933 |  | 110339933 |

---

Level 3 Reconciliation:

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | | | | | **Net Change in** | **Net Change in** | |
|  | | | | | **Unrealized Gain (Loss)** | **Unrealized Gain (Loss)** | |
| | <br>**Balance as of**<br>**12/31/24** | <br>**Purchases** | <br>**Sales** | <br>**Realized**<br>**Gain (Loss)** | **Currently Held**<br>**Securities** | **Securities No**<br>**Longer Held** | <br>**Balance as of**<br>**9/30/25** |
| Common Stocks | $163200 | $– | $62250 | $0 | $0 | $– | $100950 |

---

**Repurchase Agreements:**

The Fund may enter into repurchase agreements with institutions that the Fund's investment adviser has determined are creditworthy. The Fund restricts repurchase agreements to maturities of no more than seven days. Securities pledged as collateral for repurchase agreements, which are held until maturity of the repurchase agreements, are marked-to-market daily and maintained at a value at least equal to the principal amount of the repurchase agreement (including accrued interest). Repurchase agreements could involve certain risks in the event of default or insolvency of the counter-party, including possible delays or restrictions upon the ability of the Fund to dispose of its underlying securities. The remaining contractual maturity of the repurchase agreement held by the Fund as of September 30, 2025, is next business day and continuous.

**Borrowings:**

The Fund is party to a revolving credit agreement (the "credit agreement") with BNP Paribas Prime Brokerage International, Limited (BNPPI). The Fund pays a commitment fee of 0.50% per annum on the unused portion of the then-current maximum amount that may be borrowed by the Fund under the credit agreement. The credit agreement has a 179-day rolling term that resets daily. The Fund pledges eligible portfolio securities as collateral and has granted a security interest in such pledged securities to, and in favor of, BNPPI as security for the loan balance outstanding. The amount of eligible portfolio securities required to be pledged as collateral is determined by BNPPI in accordance with the credit agreement. In determining collateral requirements, the value of eligible securities pledged as collateral is subject to discount by BNPPI based upon a variety of factors set forth in the credit agreement.

If the Fund fails to meet certain requirements, or comply with other financial covenants set forth in the credit agreement, the Fund may be required to repay immediately, in part or in full, the loan balance outstanding under the credit agreement, which may necessitate the sale of portfolio securities at potentially inopportune times. BNPPI may terminate the credit agreement upon certain ratings downgrades of its corporate parent, which would result in the Fund's entire loan balance becoming immediately due and payable. The occurrence of such ratings downgrades may necessitate the sale of portfolio securities at potentially inopportune times. BNPPI may also terminate the credit agreement upon sixty (60) calendar days' prior written notice to the Fund in the event the Fund's net asset value per share as of the close of business on the last business day of any calendar month declines by thirty-five percent (35%) or more from the Fund's net asset value per share as of the close of business on the last business day of the immediately preceding calendar month.

The credit agreement also permits, subject to certain conditions, BNPPI to rehypothecate portfolio securities pledged by the Fund up to the amount of the loan balance outstanding. The Fund continues to receive payments in lieu of dividends and interest on rehypothecated securities. The Fund also has the right under the credit agreement to recall the rehypothecated securities from BNPPI on demand. If BNPPI fails to deliver the recalled security in a timely manner, the Fund is compensated by BNPPI for any fees or losses related to the failed delivery or, in the event a recalled security is not returned by BNPPI, the Fund, upon notice to BNPPI, may reduce the loan balance outstanding by the value of the recalled security failed to be returned. The Fund receives a portion of the fees earned by BNPPI in connection with the rehypothecation of portfolio securities.

As of September 30, 2025, the Fund had no outstanding borrowings under the credit agreement. The Fund and BNPPI may agree for the Fund to borrow again under the credit agreement, which borrowed amount may not exceed $150,000,000. During the nine-month period ended September 30, 2025, the Fund had an average daily loan balance of $21,666,667. As of September 30, 2025, the aggregate value of rehypothecated securities was $0.

Other information regarding the Fund is available in the Fund's most recent Report to Stockholders. This information is available through Royce Investment Partners (www.royceinvest.com) and on the Securities and Exchange Commission's website (www.sec.gov).

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** ROYCE SMALL-CAP TRUST, INC.

- **b. Investment Company Act file number:** 811-04875

- **c. CIK number of Registrant:** 0000804116

- **d. LEI of Registrant:** 254900NJE1W1YYKNVM16

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

  - **Street Address 1:** ONE MADISON AVENUE

  - **City:** NEW YORK

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10010

  - **Telephone number:** 212-508-4500

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

- **a. Name of Series:** ROYCE SMALL-CAP TRUST, INC.

- **c. LEI of Series:** 254900NJE1W1YYKNVM16

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

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

- **b. Date as of which information is reported:** 2025-09-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $2155545700.38

**Total Liabilities:** $1722528.81

**Net Assets:** $2153823171.57

**Cash Not Reported:** $119312.69

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 1.91%                | 5.39%                | 1.10%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-2739296.03             | $40286553.66                               |
| Month 2  | $27457364.24             | $81623786.36                               |
| Month 3  | $23891095.05             | $-2963616.91                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| WESCO International Inc                       | WESCO International Inc                       | CUSIP: 95082P105<br>LEI: 529900TXOGREY3WNJ434 | Long             | EC               | CORP              | US        |     24300 | NS      | $5139450.00   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Camtek Ltd/Israel                             | Camtek Ltd/Israel                             | CUSIP: 000000000<br>LEI: 5493000H80W07HCKGS43 | Long             | EC               | CORP              | IL        |     28179 | NS      | $2960203.95   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| OneWater Marine Inc                           | OneWater Marine Inc                           | CUSIP: 68280L101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    140493 | NS      | $2225409.12   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Peabody Energy Corp                           | Peabody Energy Corp                           | CUSIP: 704551100<br>LEI: EJCO258LNNVSKAR2JX59 | Long             | EC               | CORP              | US        |     35148 | NS      | $932124.96    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| First BanCorp/Puerto Rico                     | First BanCorp/Puerto Rico                     | CUSIP: 318672706<br>LEI: N/A                  | Long             | EC               | CORP              | PR        |     71521 | NS      | $1577038.05   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Charles River Laboratories International Inc  | Charles River Laboratories International Inc  | CUSIP: 159864107<br>LEI: 549300BSQ0R4UZ5KX287 | Long             | EC               | CORP              | US        |     47133 | NS      | $7374429.18   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Plexus Corp                                   | Plexus Corp                                   | CUSIP: 729132100<br>LEI: 549300W7HCBI5YT25I79 | Long             | EC               | CORP              | US        |     11658 | NS      | $1686796.02   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Sonos Inc                                     | Sonos Inc                                     | CUSIP: 83570H108<br>LEI: 549300WEPU6075I77M08 | Long             | EC               | CORP              | US        |     23766 | NS      | $375502.80    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| TTM Technologies Inc                          | TTM Technologies Inc                          | CUSIP: 87305R109<br>LEI: 549300SC4BDOIS008048 | Long             | EC               | CORP              | US        |    102692 | NS      | $5915059.20   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertex Inc                                    | Vertex Inc                                    | CUSIP: 92538J106<br>LEI: 549300QMYW171MP1PL50 | Long             | EC               | CORP              | US        |     15000 | NS      | $371850.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Interparfums Inc                              | Interparfums Inc                              | CUSIP: 458334109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     75248 | NS      | $7402898.24   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Hanmi Financial Corp                          | Hanmi Financial Corp                          | CUSIP: 410495204<br>LEI: 549300MSZ7RCG7EA6587 | Long             | EC               | CORP              | US        |    137365 | NS      | $3391541.85   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Champion Homes Inc                            | Champion Homes Inc                            | CUSIP: 830830105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     53697 | NS      | $4100839.89   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| NetScout Systems Inc                          | NetScout Systems Inc                          | CUSIP: 64115T104<br>LEI: 5493005HZXZ3SPNVCV76 | Long             | EC               | CORP              | US        |     50000 | NS      | $1291500.00   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Protagonist Therapeutics Inc                  | Protagonist Therapeutics Inc                  | CUSIP: 74366E102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16989 | NS      | $1128579.27   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Kulicke & Soffa Industries Inc                | Kulicke & Soffa Industries Inc                | CUSIP: 501242101<br>LEI: 529900H6BEIRBF429744 | Long             | EC               | CORP              | US        |    194058 | NS      | $7886517.12   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Teledyne Technologies Inc                     | Teledyne Technologies Inc                     | CUSIP: 879360105<br>LEI: 549300VSMO9KYQWDND94 | Long             | EC               | CORP              | US        |      9660 | NS      | $5661146.40   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Esquire Financial Holdings Inc                | Esquire Financial Holdings Inc                | CUSIP: 29667J101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     23187 | NS      | $2366349.29   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Western New England Bancorp Inc               | Western New England Bancorp Inc               | CUSIP: 958892101<br>LEI: 549300Y8QE4EI2LP6B42 | Long             | EC               | CORP              | US        |     13838 | NS      | $166194.38    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Colliers International Group Inc              | Colliers International Group Inc              | CUSIP: 194693107<br>LEI: D3O8K13PHLEXXD1DT480 | Long             | EC               | CORP              | CA        |     52366 | NS      | $8180092.86   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Mirion Technologies Inc                       | Mirion Technologies Inc                       | CUSIP: 60471A101<br>LEI: 549300BNTOWVWFNVTJ65 | Long             | EC               | CORP              | US        |     44201 | NS      | $1028115.26   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| AMN Healthcare Services Inc                   | AMN Healthcare Services Inc                   | CUSIP: 001744101<br>LEI: 529900W3ARRTCNFH2I39 | Long             | EC               | CORP              | US        |     20805 | NS      | $402784.80    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Janus International Group Inc                 | Janus International Group Inc                 | CUSIP: 47103N106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    291088 | NS      | $2873038.56   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Payoneer Global Inc                           | Payoneer Global Inc                           | CUSIP: 70451X104<br>LEI: 984500491C64C70FF033 | Long             | EC               | CORP              | US        |    124301 | NS      | $752021.05    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| REX American Resources Corp                   | REX American Resources Corp                   | CUSIP: 761624105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     53664 | NS      | $1643191.68   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Evercore Inc                                  | Evercore Inc                                  | CUSIP: 29977A105<br>LEI: 529900P6KLPT95DW3W58 | Long             | EC               | CORP              | US        |     10832 | NS      | $3653850.24   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Kontoor Brands Inc                            | Kontoor Brands Inc                            | CUSIP: 50050N103<br>LEI: 549300M0CPXV65RFF271 | Long             | EC               | CORP              | US        |     37026 | NS      | $2953564.02   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Adeia Inc                                     | Adeia Inc                                     | CUSIP: 00676P107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    145327 | NS      | $2441493.60   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Jackson Financial Inc                         | Jackson Financial Inc                         | CUSIP: 46817M107<br>LEI: 213800WXW2KG1N4CO374 | Long             | EC               | CORP              | US        |      9858 | NS      | $997925.34    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Mercury General Corp                          | Mercury General Corp                          | CUSIP: 589400100<br>LEI: 5493001Q9EXPCEL4W527 | Long             | EC               | CORP              | US        |     26467 | NS      | $2243872.26   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Acadian Asset Management Inc                  | Acadian Asset Management Inc                  | CUSIP: 10948W103<br>LEI: 5493004FTLQNQTBOP608 | Long             | EC               | CORP              | US        |     45520 | NS      | $2192243.20   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Metallus Inc                                  | Metallus Inc                                  | CUSIP: 887399103<br>LEI: 549300QZTZWHDE9HJL14 | Long             | EC               | CORP              | US        |     56120 | NS      | $927663.60    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Preformed Line Products Co                    | Preformed Line Products Co                    | CUSIP: 740444104<br>LEI: 549300EYH53XDJID2098 | Long             | EC               | CORP              | US        |     32816 | NS      | $6436858.40   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Pathward Financial Inc                        | Pathward Financial Inc                        | CUSIP: 59100U108<br>LEI: 5493004X52BH1NBLW813 | Long             | EC               | CORP              | US        |      4617 | NS      | $341704.17    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Virtu Financial Inc                           | Virtu Financial Inc                           | CUSIP: 928254101<br>LEI: 5493001OPW2K42CH3884 | Long             | EC               | CORP              | US        |     85000 | NS      | $3017500.00   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Omnicell Inc                                  | Omnicell Inc                                  | CUSIP: 68213N109<br>LEI: 5493008RH0GTKHHPZI77 | Long             | EC               | CORP              | US        |     16037 | NS      | $488326.65    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| VSE Corp                                      | VSE Corp                                      | CUSIP: 918284100<br>LEI: 549300QWJYQDH4U5XI15 | Long             | EC               | CORP              | US        |     27599 | NS      | $4588057.76   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| RBC Bearings Inc                              | RBC Bearings Inc                              | CUSIP: 75524B104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9120 | NS      | $3559444.80   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Prestige Consumer Healthcare Inc              | Prestige Consumer Healthcare Inc              | CUSIP: 74112D101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     56300 | NS      | $3513120.00   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Core Natural Resources Inc                    | Core Natural Resources Inc                    | CUSIP: 218937100<br>LEI: 549300YJCTPJBTK7IJ81 | Long             | EC               | CORP              | US        |     42572 | NS      | $3553910.56   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| BrightSpring Health Services Inc              | BrightSpring Health Services Inc              | CUSIP: 10950A106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     28577 | NS      | $844736.12    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Gibraltar Industries Inc                      | Gibraltar Industries Inc                      | CUSIP: 374689107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     31181 | NS      | $1958166.80   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERISAFE Inc                                 | AMERISAFE Inc                                 | CUSIP: 03071H100<br>LEI: 2549002B4EXPBLGMNN22 | Long             | EC               | CORP              | US        |     94890 | NS      | $4159977.60   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Uranium Energy Corp                           | Uranium Energy Corp                           | CUSIP: 916896103<br>LEI: 549300VD69WD2USLIP04 | Long             | EC               | CORP              | US        |     16000 | NS      | $213440.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Repligen Corp                                 | Repligen Corp                                 | CUSIP: 759916109<br>LEI: 54930006QJ0T5AUO1E71 | Long             | EC               | CORP              | US        |     81302 | NS      | $10867638.34  | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco Latinoamericano de Comercio Exterior SA | Banco Latinoamericano de Comercio Exterior SA | CUSIP: 000000000<br>LEI: 549300CN3134K4LC0651 | Long             | EC               | CORP              | PA        |    114899 | NS      | $5281907.03   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Valvoline Inc                                 | Valvoline Inc                                 | CUSIP: 92047W101<br>LEI: 549300CMHPBEY6VPOT75 | Long             | EC               | CORP              | US        |    240867 | NS      | $8649533.97   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Yelp Inc                                      | Yelp Inc                                      | CUSIP: 985817105<br>LEI: 5299007OU2DOSXPQBO35 | Long             | EC               | CORP              | US        |     59095 | NS      | $1843764.00   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| BioLife Solutions Inc                         | BioLife Solutions Inc                         | CUSIP: 09062W204<br>LEI: 549300G2IVCMC2TJDW72 | Long             | EC               | CORP              | US        |     17895 | NS      | $456501.45    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| FirstCash Holdings Inc                        | FirstCash Holdings Inc                        | CUSIP: 33768G107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     54254 | NS      | $8594918.68   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Enpro Inc                                     | Enpro Inc                                     | CUSIP: 29355X107<br>LEI: 549300Y5CFT2LKCFDN54 | Long             | EC               | CORP              | US        |     39301 | NS      | $8882026.00   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Marex Group PLC                               | Marex Group PLC                               | CUSIP: 000000000<br>LEI: 549300DWX0SVICJAL507 | Long             | EC               | CORP              | GB        |    338352 | NS      | $11375394.24  | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Northeast Bank                                | Northeast Bank                                | CUSIP: 66405S100<br>LEI: 549300F0LV9TSW34E306 | Long             | EC               | CORP              | US        |     13293 | NS      | $1331426.88   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Miller Industries Inc/TN                      | Miller Industries Inc/TN                      | CUSIP: 600551204<br>LEI: 549300F1O74SPUJ7UU94 | Long             | EC               | CORP              | US        |     23754 | NS      | $960136.68    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Walker & Dunlop Inc                           | Walker & Dunlop Inc                           | CUSIP: 93148P102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     72946 | NS      | $6099744.52   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Flotek Industries Inc                         | Flotek Industries Inc                         | CUSIP: 343389409<br>LEI: 549300TF60OEK4FPPC44 | Long             | EC               | CORP              | US        |     61000 | NS      | $890600.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Catalyst Pharmaceuticals Inc                  | Catalyst Pharmaceuticals Inc                  | CUSIP: 14888U101<br>LEI: 5299004O0R5XXLA5H544 | Long             | EC               | CORP              | US        |    540977 | NS      | $10657246.90  | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| UFP Technologies Inc                          | UFP Technologies Inc                          | CUSIP: 902673102<br>LEI: 549300RJ8LY41HS70C91 | Long             | EC               | CORP              | US        |      4320 | NS      | $862272.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| IES Holdings Inc                              | IES Holdings Inc                              | CUSIP: 44951W106<br>LEI: 549300687T8E6LN6EN72 | Long             | EC               | CORP              | US        |    123638 | NS      | $49164650.70  | 2.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Pason Systems Inc                             | Pason Systems Inc                             | CUSIP: 702925108<br>LEI: 984500DC6T2FLR969F65 | Long             | EC               | CORP              | CA        |   1145504 | NS      | $9943010.94   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Customers Bancorp Inc                         | Customers Bancorp Inc                         | CUSIP: 23204G100<br>LEI: 549300WLBCHYKZ53FN68 | Long             | EC               | CORP              | US        |     31661 | NS      | $2069679.57   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| OFG Bancorp                                   | OFG Bancorp                                   | CUSIP: 67103X102<br>LEI: 549300Q4QEXJ37LEXQ06 | Long             | EC               | CORP              | PR        |      8233 | NS      | $358053.17    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Harmonic Inc                                  | Harmonic Inc                                  | CUSIP: 413160102<br>LEI: 549300LRGRD8XC9BTL66 | Long             | EC               | CORP              | US        |    260843 | NS      | $2655381.74   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Vestis Corp                                   | Vestis Corp                                   | CUSIP: 29430C102<br>LEI: 254900QDW0TA2TMFAP59 | Long             | EC               | CORP              | US        |     77353 | NS      | $350409.09    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Artisan Partners Asset Management Inc         | Artisan Partners Asset Management Inc         | CUSIP: 04316A108<br>LEI: 549300T1FUI6JF63XU51 | Long             | EC               | CORP              | US        |    238936 | NS      | $10369822.40  | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Crescent Energy Co                            | Crescent Energy Co                            | CUSIP: 44952J104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     55113 | NS      | $491607.96    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Chain Bridge Bancorp Inc                      | Chain Bridge Bancorp Inc                      | CUSIP: 15746L100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     28523 | NS      | $933557.79    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Hingham Institution For Savings The           | Hingham Institution For Savings The           | CUSIP: 433323102<br>LEI: 2549009GDCGUR2T6KU55 | Long             | EC               | CORP              | US        |     19205 | NS      | $5065894.90   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Nomad Foods Ltd                               | Nomad Foods Ltd                               | CUSIP: 000000000<br>LEI: 5493000ZZ1837DS2SI43 | Long             | EC               | CORP              | VG        |    775776 | NS      | $10201454.40  | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Axogen Inc                                    | Axogen Inc                                    | CUSIP: 05463X106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     40000 | NS      | $713600.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Mesa Laboratories Inc                         | Mesa Laboratories Inc                         | CUSIP: 59064R109<br>LEI: 549300ZCG738WLX8ZW79 | Long             | EC               | CORP              | US        |     53188 | NS      | $3564127.88   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Tel Aviv Stock Exchange Ltd                   | Tel Aviv Stock Exchange Ltd                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | IL        |    221179 | NS      | $5101100.12   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| JFrog Ltd                                     | JFrog Ltd                                     | CUSIP: 000000000<br>LEI: 2549002N8E00AY49G567 | Long             | EC               | CORP              | IL        |    214000 | NS      | $10128620.00  | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Atmus Filtration Technologies Inc             | Atmus Filtration Technologies Inc             | CUSIP: 04956D107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    231617 | NS      | $10443610.53  | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Blend Labs Inc                                | Blend Labs Inc                                | CUSIP: 09352U108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    166333 | NS      | $607115.45    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Strata Critical Medical Inc                   | Strata Critical Medical Inc                   | CUSIP: 092667104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    168819 | NS      | $854224.14    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| WSFS Financial Corp                           | WSFS Financial Corp                           | CUSIP: 929328102<br>LEI: 549300SU7VQHD6QRG886 | Long             | EC               | CORP              | US        |      8732 | NS      | $470916.76    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| OceanFirst Financial Corp                     | OceanFirst Financial Corp                     | CUSIP: 675234108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    265264 | NS      | $4660688.48   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| KBR Inc                                       | KBR Inc                                       | CUSIP: 48242W106<br>LEI: 254900OFQDXZRKRCV808 | Long             | EC               | CORP              | US        |    243821 | NS      | $11530295.09  | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| API Group Corp                                | API Group Corp                                | CUSIP: 00187Y100<br>LEI: 213800NZT1VX6PZ7BT53 | Long             | EC               | CORP              | US        |    663180 | NS      | $22793496.60  | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| TMX Group Ltd                                 | TMX Group Ltd                                 | CUSIP: 87262K105<br>LEI: 549300N65GFVKSHGJW59 | Long             | EC               | CORP              | CA        |    478421 | NS      | $18302172.91  | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| CVR Energy Inc                                | CVR Energy Inc                                | CUSIP: 12662P108<br>LEI: 529900SOYZIXZBTXB558 | Long             | EC               | CORP              | US        |     49939 | NS      | $1821774.72   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Harrow Inc                                    | Harrow Inc                                    | CUSIP: 415858109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8250 | NS      | $397485.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Hub Group Inc                                 | Hub Group Inc                                 | CUSIP: 443320106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     43794 | NS      | $1508265.36   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Movado Group Inc                              | Movado Group Inc                              | CUSIP: 624580106<br>LEI: 549300WCGCGPWGHVXM59 | Long             | EC               | CORP              | US        |     20231 | NS      | $383782.07    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Cirrus Logic Inc                              | Cirrus Logic Inc                              | CUSIP: 172755100<br>LEI: 549300NKSJEM5ZZSSV18 | Long             | EC               | CORP              | US        |    112608 | NS      | $14108656.32  | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Hawkins Inc                                   | Hawkins Inc                                   | CUSIP: 420261109<br>LEI: 549300VL3IJ23OWX1Y34 | Long             | EC               | CORP              | US        |     93259 | NS      | $17040284.48  | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Cohen & Steers Inc                            | Cohen & Steers Inc                            | CUSIP: 19247A100<br>LEI: 549300XXIA338A0X2K65 | Long             | EC               | CORP              | US        |     25425 | NS      | $1668134.25   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Bread Financial Holdings Inc                  | Bread Financial Holdings Inc                  | CUSIP: 018581108<br>LEI: 549300G8S4PO686J7H97 | Long             | EC               | CORP              | US        |     39037 | NS      | $2177093.49   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Cohu Inc                                      | Cohu Inc                                      | CUSIP: 192576106<br>LEI: 529900FJPORJ3JJ2XS33 | Long             | EC               | CORP              | US        |    269293 | NS      | $5474726.69   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Helen of Troy Ltd                             | Helen of Troy Ltd                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BM        |     14333 | NS      | $361191.60    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Select Medical Holdings Corp                  | Select Medical Holdings Corp                  | CUSIP: 81619Q105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     95900 | NS      | $1231356.00   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Franklin Electric Co Inc                      | Franklin Electric Co Inc                      | CUSIP: 353514102<br>LEI: RR6AURIKMXUE4Q24G284 | Long             | EC               | CORP              | US        |      3973 | NS      | $378229.60    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Travere Therapeutics Inc                      | Travere Therapeutics Inc                      | CUSIP: 89422G107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     81890 | NS      | $1957171.00   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Qorvo Inc                                     | Qorvo Inc                                     | CUSIP: 74736K101<br>LEI: 254900YAUJV2EUEVBR11 | Long             | EC               | CORP              | US        |      2652 | NS      | $241544.16    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Industrial Technologies Inc           | Applied Industrial Technologies Inc           | CUSIP: 03820C105<br>LEI: 549300NU173IJRC6PO38 | Long             | EC               | CORP              | US        |     18500 | NS      | $4829425.00   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Worthington Enterprises Inc                   | Worthington Enterprises Inc                   | CUSIP: 981811102<br>LEI: 1WRCIANKYOIK6KYE5E82 | Long             | EC               | CORP              | US        |     18906 | NS      | $1049093.94   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| InterDigital Inc                              | InterDigital Inc                              | CUSIP: 45867G101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6847 | NS      | $2363789.81   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Buckle Inc/The                                | Buckle Inc/The                                | CUSIP: 118440106<br>LEI: 5299007IU0461T3GDL34 | Long             | EC               | CORP              | US        |     45712 | NS      | $2681465.92   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| QuinStreet Inc                                | QuinStreet Inc                                | CUSIP: 74874Q100<br>LEI: 549300TP8MFBFPOS4Y78 | Long             | EC               | CORP              | US        |    203754 | NS      | $3152074.38   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Bristow Group Inc                             | Bristow Group Inc                             | CUSIP: 11040G103<br>LEI: 5493005Q24EN3UC1PV68 | Long             | EC               | CORP              | US        |    219464 | NS      | $7918261.12   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Collegium Pharmaceutical Inc                  | Collegium Pharmaceutical Inc                  | CUSIP: 19459J104<br>LEI: 54930049FXZMTLW8D496 | Long             | EC               | CORP              | US        |     50839 | NS      | $1778856.61   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Supernus Pharmaceuticals Inc                  | Supernus Pharmaceuticals Inc                  | CUSIP: 868459108<br>LEI: 549300GRM36VBKISYJ58 | Long             | EC               | CORP              | US        |     37451 | NS      | $1789783.29   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Air Lease Corp                                | Air Lease Corp                                | CUSIP: 00912X302<br>LEI: 5493004NW4M4P8TMMK63 | Long             | EC               | CORP              | US        |     77939 | NS      | $4960817.35   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Graphic Packaging Holding Co                  | Graphic Packaging Holding Co                  | CUSIP: 388689101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    233029 | NS      | $4560377.53   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Exponent Inc                                  | Exponent Inc                                  | CUSIP: 30214U102<br>LEI: 529900NY3F5Q2NWPUZ42 | Long             | EC               | CORP              | US        |     71600 | NS      | $4974768.00   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| California Resources Corp                     | California Resources Corp                     | CUSIP: 13057Q305<br>LEI: 5493003Q8F0T4F4YMR48 | Long             | EC               | CORP              | US        |     21301 | NS      | $1132787.18   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| CorMedix Inc                                  | CorMedix Inc                                  | CUSIP: 21900C308<br>LEI: 5299006YIA3L0MBW8358 | Long             | EC               | CORP              | US        |     37000 | NS      | $430310.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Southside Bancshares Inc                      | Southside Bancshares Inc                      | CUSIP: 84470P109<br>LEI: 549300TC83207VQA2K65 | Long             | EC               | CORP              | US        |     36401 | NS      | $1028328.25   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Modine Manufacturing Co                       | Modine Manufacturing Co                       | CUSIP: 607828100<br>LEI: Z35SZFYJR8GZZRSIUU09 | Long             | EC               | CORP              | US        |     64866 | NS      | $9221350.56   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| First Commonwealth Financial Corp             | First Commonwealth Financial Corp             | CUSIP: 319829107<br>LEI: 549300ZHLQ42NXDETL24 | Long             | EC               | CORP              | US        |     96111 | NS      | $1638692.55   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Leonardo DRS Inc                              | Leonardo DRS Inc                              | CUSIP: 52661A108<br>LEI: 549300HMMEWVG3PPQU18 | Long             | EC               | CORP              | US        |     26311 | NS      | $1194519.40   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Frontdoor Inc                                 | Frontdoor Inc                                 | CUSIP: 35905A109<br>LEI: 5493008RB0JZJI3QGZ06 | Long             | EC               | CORP              | US        |      5319 | NS      | $357915.51    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| World Acceptance Corp                         | World Acceptance Corp                         | CUSIP: 981419104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     14894 | NS      | $2519171.16   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Lincoln Electric Holdings Inc                 | Lincoln Electric Holdings Inc                 | CUSIP: 533900106<br>LEI: BIMGBY40SIN95O01BN93 | Long             | EC               | CORP              | US        |      3984 | NS      | $939546.72    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Esperion Therapeutics Inc                     | Esperion Therapeutics Inc                     | CUSIP: 29664W105<br>LEI: 549300OFU56UKEWVUS92 | Long             | EC               | CORP              | US        |    541123 | NS      | $1433975.95   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Victory Capital Holdings Inc                  | Victory Capital Holdings Inc                  | CUSIP: 92645B103<br>LEI: 549300BN5LH2CIPPHS71 | Long             | EC               | CORP              | US        |     63800 | NS      | $4131688.00   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Tri Pointe Homes Inc                          | Tri Pointe Homes Inc                          | CUSIP: 87265H109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     31662 | NS      | $1075558.14   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| GCM Grosvenor Inc                             | GCM Grosvenor Inc                             | CUSIP: 36831E108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    801494 | NS      | $9674032.58   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| MGP Ingredients Inc                           | MGP Ingredients Inc                           | CUSIP: 55303J106<br>LEI: 2549006OMHFVZ4MS8538 | Long             | EC               | CORP              | US        |      9960 | NS      | $240932.40    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Coherent Corp                                 | Coherent Corp                                 | CUSIP: 19247G107<br>LEI: 549300O5C25A0MMHHU33 | Long             | EC               | CORP              | US        |     70000 | NS      | $7540400.00   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Lincoln National Corp                         | Lincoln National Corp                         | CUSIP: 534187109<br>LEI: EFQMQROEDSNBRIP7LE47 | Long             | EC               | CORP              | US        |     48219 | NS      | $1944672.27   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Premier Inc                                   | Premier Inc                                   | CUSIP: 74051N102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16245 | NS      | $451611.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Asbury Automotive Group Inc                   | Asbury Automotive Group Inc                   | CUSIP: 043436104<br>LEI: 549300JH4DTA7U42GL91 | Long             | EC               | CORP              | US        |     17500 | NS      | $4277875.00   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Tejon Ranch Co                                | Tejon Ranch Co                                | CUSIP: 879080109<br>LEI: 549300TMNDO77VJ6J111 | Long             | EC               | CORP              | US        |    313818 | NS      | $5014811.64   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| USANA Health Sciences Inc                     | USANA Health Sciences Inc                     | CUSIP: 90328M107<br>LEI: 549300YTURXE814MAH96 | Long             | EC               | CORP              | US        |     41386 | NS      | $1140184.30   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Axos Financial Inc                            | Axos Financial Inc                            | CUSIP: 05465C100<br>LEI: 529900D8M56422GK9O25 | Long             | EC               | CORP              | US        |     20835 | NS      | $1763682.75   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Halozyme Therapeutics Inc                     | Halozyme Therapeutics Inc                     | CUSIP: 40637H109<br>LEI: 529900242I3SV9AGM753 | Long             | EC               | CORP              | US        |     23565 | NS      | $1728257.10   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| TripAdvisor Inc                               | TripAdvisor Inc                               | CUSIP: 896945201<br>LEI: 549300XVG45PT5BART17 | Long             | EC               | CORP              | US        |     68811 | NS      | $1118866.86   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Pediatrix Medical Group Inc                   | Pediatrix Medical Group Inc                   | CUSIP: 58502B106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    170167 | NS      | $2850297.25   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Vontier Corp                                  | Vontier Corp                                  | CUSIP: 928881101<br>LEI: 549300VVSQLG4P5K4639 | Long             | EC               | CORP              | US        |    217581 | NS      | $9131874.57   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Gogo Inc                                      | Gogo Inc                                      | CUSIP: 38046C109<br>LEI: 549300VL3DIHSFHYTO04 | Long             | EC               | CORP              | US        |    127093 | NS      | $1091728.87   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Kadant Inc                                    | Kadant Inc                                    | CUSIP: 48282T104<br>LEI: 549300K06LNJYBMPYP15 | Long             | EC               | CORP              | US        |     31246 | NS      | $9298184.68   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| StoneX Group Inc                              | StoneX Group Inc                              | CUSIP: 861896108<br>LEI: 549300JUF07L8VF02M60 | Long             | EC               | CORP              | US        |     62144 | NS      | $6271572.48   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Kennedy-Wilson Holdings Inc                   | Kennedy-Wilson Holdings Inc                   | CUSIP: 489398107<br>LEI: 549300MOI1T78144X610 | Long             | EC               | CORP              | US        |    607065 | NS      | $5050780.80   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| First Financial Bancorp                       | First Financial Bancorp                       | CUSIP: 320209109<br>LEI: 549300D3F5B3EZMY7P77 | Long             | EC               | CORP              | US        |    111216 | NS      | $2808204.00   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Dorman Products Inc                           | Dorman Products Inc                           | CUSIP: 258278100<br>LEI: 2549000O0BBUX740XR59 | Long             | EC               | CORP              | US        |    131352 | NS      | $20475149.76  | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Lindsay Corp                                  | Lindsay Corp                                  | CUSIP: 535555106<br>LEI: 549300ZFO0QG5H8TPI61 | Long             | EC               | CORP              | US        |     61226 | NS      | $8605926.56   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Knowles Corp                                  | Knowles Corp                                  | CUSIP: 49926D109<br>LEI: 5493003EO323TDZQU148 | Long             | EC               | CORP              | US        |    235007 | NS      | $5478013.17   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| VanEck Junior Gold Miners ETF                 | VanEck Junior Gold Miners ETF                 | CUSIP: 92189F791<br>LEI: 549300P2HS5GYBL1ME59 | Long             | EC               | RF                | US        |    148758 | NS      | $14731504.74  | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Burford Capital Ltd                           | Burford Capital Ltd                           | CUSIP: 000000000<br>LEI: 549300FUKUWFYJMT2277 | Long             | EC               | CORP              | GG        |    175000 | NS      | $2093000.00   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Lime & Minerals Inc             | United States Lime & Minerals Inc             | CUSIP: 911922102<br>LEI: 549300VGDEEG8RT7VC89 | Long             | EC               | CORP              | US        |     13891 | NS      | $1827361.05   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Ironwood Pharmaceuticals Inc                  | Ironwood Pharmaceuticals Inc                  | CUSIP: 46333X108<br>LEI: 549300PC8MR6QHH6P296 | Long             | EC               | CORP              | US        |    300619 | NS      | $393810.89    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| CTS Corp                                      | CTS Corp                                      | CUSIP: 126501105<br>LEI: 549300YV1HQLBVHOI649 | Long             | EC               | CORP              | US        |     37645 | NS      | $1503541.30   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryder System Inc                              | Ryder System Inc                              | CUSIP: 783549108<br>LEI: ZXJ6Y2OSPZXIVGRILD15 | Long             | EC               | CORP              | US        |     14770 | NS      | $2786212.80   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Distribution Solutions Group Inc              | Distribution Solutions Group Inc              | CUSIP: 520776105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     92384 | NS      | $2778910.72   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Alliance Bancorp                      | Western Alliance Bancorp                      | CUSIP: 957638109<br>LEI: 5493003VJXZ5JXT9S762 | Long             | EC               | CORP              | US        |     38000 | NS      | $3295360.00   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Ralph Lauren Corp                             | Ralph Lauren Corp                             | CUSIP: 751212101<br>LEI: HO1QNWM0IXBZ0QSMMO20 | Long             | EC               | CORP              | US        |     14350 | NS      | $4499586.00   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| AutoCanada Inc                                | AutoCanada Inc                                | CUSIP: 05277B209<br>LEI: 549300BPCHUK5M1WZS45 | Long             | EC               | CORP              | CA        |    605600 | NS      | $13598476.68  | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Phinia Inc                                    | Phinia Inc                                    | CUSIP: 71880K101<br>LEI: 254900HG6MORZE1FFM18 | Long             | EC               | CORP              | US        |     51992 | NS      | $2988500.16   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| I3 Verticals Inc                              | I3 Verticals Inc                              | CUSIP: 46571Y107<br>LEI: 549300944CYWVP06CJ97 | Long             | EC               | CORP              | US        |     33430 | NS      | $1085137.80   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| ProPetro Holding Corp                         | ProPetro Holding Corp                         | CUSIP: 74347M108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     40050 | NS      | $209862.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Sealed Air Corp                               | Sealed Air Corp                               | CUSIP: 81211K100<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | EC               | CORP              | US        |     63998 | NS      | $2262329.30   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Addus HomeCare Corp                           | Addus HomeCare Corp                           | CUSIP: 006739106<br>LEI: 52990090ZT33AKPDBX62 | Long             | EC               | CORP              | US        |      3301 | NS      | $389484.99    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Insperity Inc                                 | Insperity Inc                                 | CUSIP: 45778Q107<br>LEI: 5299000Q0KW7HY5DB751 | Long             | EC               | CORP              | US        |    122856 | NS      | $6044515.20   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| MarketWise Inc                                | MarketWise Inc                                | CUSIP: 57064P206<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     25000 | NS      | $413250.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Arcosa Inc                                    | Arcosa Inc                                    | CUSIP: 039653100<br>LEI: 549300WFHLTCZV7D6V29 | Long             | EC               | CORP              | US        |    221550 | NS      | $20761450.50  | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Houlihan Lokey Inc                            | Houlihan Lokey Inc                            | CUSIP: 441593100<br>LEI: 549300S3CNGTQ1QZVY46 | Long             | EC               | CORP              | US        |     15905 | NS      | $3265614.60   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Origin Bancorp Inc                            | Origin Bancorp Inc                            | CUSIP: 68621T102<br>LEI: 54930055DO2Z4KO3NB45 | Long             | EC               | CORP              | US        |    267629 | NS      | $9238553.08   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Teqnion AB                                    | Teqnion AB                                    | CUSIP: 000000000<br>LEI: 549300DRF7FY7VRFTX41 | Long             | EC               | CORP              | SE        |    191300 | NS      | $3173973.91   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Dorchester Minerals LP                        | Dorchester Minerals LP                        | CUSIP: 25820R105<br>LEI: 529900J537JTEZOMXG05 | Long             | EC               | CORP              | US        |    279148 | NS      | $7227141.72   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Worthington Steel Inc                         | Worthington Steel Inc                         | CUSIP: 982104101<br>LEI: 2549009ZUUWL3QLK6G24 | Long             | EC               | CORP              | US        |     42208 | NS      | $1282701.12   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Cactus Inc                                    | Cactus Inc                                    | CUSIP: 127203107<br>LEI: 549300J3T8C9F8QFKV08 | Long             | EC               | CORP              | US        |     44577 | NS      | $1759454.19   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| International General Insurance Holdings Ltd  | International General Insurance Holdings Ltd  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BM        |    904553 | NS      | $20985629.60  | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Gold Fields Ltd                               | Gold Fields Ltd                               | CUSIP: 38059T106<br>LEI: 5299003KXIBJQYCBBD72 | Long             | EC               | CORP              | ZA        |    386500 | NS      | $16217540.00  | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| ATS Corp                                      | ATS Corp                                      | CUSIP: 00217Y104<br>LEI: 5493005KP4RP3IU7HQ41 | Long             | EC               | CORP              | CA        |     21500 | NS      | $562488.32    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| ORIC Pharmaceuticals Inc                      | ORIC Pharmaceuticals Inc                      | CUSIP: 68622P109<br>LEI: 54930033FJRNEYBW0L25 | Long             | EC               | CORP              | US        |    421304 | NS      | $5055648.00   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Amphastar Pharmaceuticals Inc                 | Amphastar Pharmaceuticals Inc                 | CUSIP: 03209R103<br>LEI: 54930055TH0ZLSAQMJ38 | Long             | EC               | CORP              | US        |     34925 | NS      | $930751.25    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphatec Holdings Inc                         | Alphatec Holdings Inc                         | CUSIP: 02081G201<br>LEI: 549300EZE8CQ8K65FS24 | Long             | EC               | CORP              | US        |     49000 | NS      | $712460.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Standex International Corp                    | Standex International Corp                    | CUSIP: 854231107<br>LEI: RCX52GR0JW2LRRMH9Z54 | Long             | EC               | CORP              | US        |      4868 | NS      | $1031529.20   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Marcus & Millichap Inc                        | Marcus & Millichap Inc                        | CUSIP: 566324109<br>LEI: 549300B2HE8ULXNB1N48 | Long             | EC               | CORP              | US        |    279309 | NS      | $8197719.15   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| La-Z-Boy Inc                                  | La-Z-Boy Inc                                  | CUSIP: 505336107<br>LEI: 549300WNO1WMN9ZG2519 | Long             | EC               | CORP              | US        |     29427 | NS      | $1009934.64   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Avanos Medical Inc                            | Avanos Medical Inc                            | CUSIP: 05350V106<br>LEI: 549300YCXWOM7NEWMQ58 | Long             | EC               | CORP              | US        |     23812 | NS      | $275266.72    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Hagerty Inc                                   | Hagerty Inc                                   | CUSIP: 405166109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    485700 | NS      | $5847828.00   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Teradata Corp                                 | Teradata Corp                                 | CUSIP: 88076W103<br>LEI: 549300JU9SOUHV4U4R71 | Long             | EC               | CORP              | US        |     28868 | NS      | $620950.68    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| BankUnited Inc                                | BankUnited Inc                                | CUSIP: 06652K103<br>LEI: 96OVUWEW5D4YX6PFXD91 | Long             | EC               | CORP              | US        |    281190 | NS      | $10730210.40  | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Kennametal Inc                                | Kennametal Inc                                | CUSIP: 489170100<br>LEI: 549300GZDSG25XUV0Y08 | Long             | EC               | CORP              | US        |     16821 | NS      | $352063.53    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| First Bancorp/Southern Pines NC               | First Bancorp/Southern Pines NC               | CUSIP: 318910106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     14000 | NS      | $740460.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Helmerich & Payne Inc                         | Helmerich & Payne Inc                         | CUSIP: 423452101<br>LEI: 254900NAOGHJ88RZ4C73 | Long             | EC               | CORP              | US        |      1801 | NS      | $39784.09     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Establishment Labs Holdings Inc               | Establishment Labs Holdings Inc               | CUSIP: 000000000<br>LEI: 549300BCBQ714JNJ7V58 | Long             | EC               | CORP              | VG        |     22184 | NS      | $909322.16    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Resideo Technologies Inc                      | Resideo Technologies Inc                      | CUSIP: 76118Y104<br>LEI: 5493006TKFPYISY2DS54 | Long             | EC               | CORP              | US        |     52991 | NS      | $2288151.38   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Bloom Energy Corp                             | Bloom Energy Corp                             | CUSIP: 093712107<br>LEI: 549300XB5J9BFW5JXV97 | Long             | EC               | CORP              | US        |     19014 | NS      | $1608013.98   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Cavco Industries Inc                          | Cavco Industries Inc                          | CUSIP: 149568107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     14700 | NS      | $8536731.00   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| W R Berkley Corp                              | W R Berkley Corp                              | CUSIP: 084423102<br>LEI: SQOAGCLKBDWNVYV1OV80 | Long             | EC               | CORP              | US        |     73854 | NS      | $5658693.48   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Patrick Industries Inc                        | Patrick Industries Inc                        | CUSIP: 703343103<br>LEI: 549300FZ5ZTCCJ3Z5W14 | Long             | EC               | CORP              | US        |        46 | NS      | $4757.78      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CSG Systems International Inc                 | CSG Systems International Inc                 | CUSIP: 126349109<br>LEI: 549300D7FJZUOHHXUA81 | Long             | EC               | CORP              | US        |      8209 | NS      | $528495.42    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Penguin Solutions Inc                         | Penguin Solutions Inc                         | CUSIP: 706915105<br>LEI: 254900DVWIPOY3GJ8E23 | Long             | EC               | CORP              | US        |     30255 | NS      | $795101.40    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Signet Jewelers Ltd                           | Signet Jewelers Ltd                           | CUSIP: 000000000<br>LEI: 549300N3XPGE91WV7M22 | Long             | EC               | CORP              | BM        |     95544 | NS      | $9164580.48   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Ultra Clean Holdings Inc                      | Ultra Clean Holdings Inc                      | CUSIP: 90385V107<br>LEI: 5493007L6LS7QX18PE75 | Long             | EC               | CORP              | US        |     66200 | NS      | $1803950.00   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Bancorp Inc/The                               | Bancorp Inc/The                               | CUSIP: 05969A105<br>LEI: 894500FP2ICT1B019Y71 | Long             | EC               | CORP              | US        |      7180 | NS      | $537710.20    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Universal Technical Institute Inc             | Universal Technical Institute Inc             | CUSIP: 913915104<br>LEI: 2549003YOJGAZ0PVFV48 | Long             | EC               | CORP              | US        |    489032 | NS      | $15917991.60  | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Robert Half Inc                               | Robert Half Inc                               | CUSIP: 770323103<br>LEI: 529900VPCUY9H3HLIC08 | Long             | EC               | CORP              | US        |     11685 | NS      | $397056.30    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Ares Management Corp                          | Ares Management Corp                          | CUSIP: 03990B101<br>LEI: 529900JUV61FH7B8VW38 | Long             | EC               | CORP              | US        |     31800 | NS      | $5084502.00   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| DNOW Inc                                      | DNOW Inc                                      | CUSIP: 67011P100<br>LEI: 549300AVH5SOCFVVDW91 | Long             | EC               | CORP              | US        |    150223 | NS      | $2290900.75   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Zevra Therapeutics Inc                        | Zevra Therapeutics Inc                        | CUSIP: 488445206<br>LEI: 254900CU6T74V18Y1W18 | Long             | EC               | CORP              | US        |    214513 | NS      | $2040018.63   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| IMAX Corp                                     | IMAX Corp                                     | CUSIP: 45245E109<br>LEI: 894500GS1ESLAPZCEI74 | Long             | EC               | CORP              | CA        |    262660 | NS      | $8602115.00   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| MYR Group Inc                                 | MYR Group Inc                                 | CUSIP: 55405W104<br>LEI: 529900G1IMMZHOQ17I54 | Long             | EC               | CORP              | US        |     17658 | NS      | $3673393.74   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| REV Group Inc                                 | REV Group Inc                                 | CUSIP: 749527107<br>LEI: 549300SRD0SIG5ZZ3X20 | Long             | EC               | CORP              | US        |      3289 | NS      | $186387.63    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Simpson Manufacturing Co Inc                  | Simpson Manufacturing Co Inc                  | CUSIP: 829073105<br>LEI: 529900EJUNNL15LZ8056 | Long             | EC               | CORP              | US        |     52500 | NS      | $8791650.00   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Benchmark Electronics Inc                     | Benchmark Electronics Inc                     | CUSIP: 08160H101<br>LEI: 549300W18RHYZOZKOP53 | Long             | EC               | CORP              | US        |     54127 | NS      | $2086595.85   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| TransMedics Group Inc                         | TransMedics Group Inc                         | CUSIP: 89377M109<br>LEI: 549300060GVOSMWARH50 | Long             | EC               | CORP              | US        |    127500 | NS      | $14305500.00  | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| EVI Industries Inc                            | EVI Industries Inc                            | CUSIP: 26929N102<br>LEI: 549300RU296J63VW0297 | Long             | EC               | CORP              | US        |     42556 | NS      | $1345195.16   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Etsy Inc                                      | Etsy Inc                                      | CUSIP: 29786A106<br>LEI: 54930089Q7XT501AEA40 | Long             | EC               | CORP              | US        |      8266 | NS      | $548779.74    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Axis Capital Holdings Ltd                     | Axis Capital Holdings Ltd                     | CUSIP: 000000000<br>LEI: 635400VD2NQBYAHMEM55 | Long             | EC               | CORP              | BM        |     47788 | NS      | $4578090.40   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Titan International Inc                       | Titan International Inc                       | CUSIP: 88830M102<br>LEI: 254900CXRGBE7C4B5A06 | Long             | EC               | CORP              | US        |     56508 | NS      | $427200.48    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Scholastic Corp                               | Scholastic Corp                               | CUSIP: 807066105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     22077 | NS      | $604468.26    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Sanmina Corp                                  | Sanmina Corp                                  | CUSIP: 801056102<br>LEI: X5K24XLM8QYRXF00EB42 | Long             | EC               | CORP              | US        |     62295 | NS      | $7170777.45   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Luna Innovations Inc                          | Luna Innovations Inc                          | CUSIP: 550351100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    657869 | NS      | $723655.90    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| International Seaways Inc                     | International Seaways Inc                     | CUSIP: 000000000<br>LEI: 549300YUFDGFRNGBWF46 | Long             | EC               | CORP              | MH        |     30730 | NS      | $1416038.40   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Axsome Therapeutics Inc                       | Axsome Therapeutics Inc                       | CUSIP: 05464T104<br>LEI: 549300EXGR0XLRJEIB95 | Long             | EC               | CORP              | US        |     17223 | NS      | $2091733.35   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Magnite Inc                                   | Magnite Inc                                   | CUSIP: 55955D100<br>LEI: 54930018FR2YX1HHSB02 | Long             | EC               | CORP              | US        |     22000 | NS      | $479160.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Brunswick Corp/DE                             | Brunswick Corp/DE                             | CUSIP: 117043109<br>LEI: YM4O38W15AX4YLLQKU27 | Long             | EC               | CORP              | US        |     54341 | NS      | $3436524.84   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Hertz Global Holdings Inc                     | Hertz Global Holdings Inc                     | CUSIP: 42806J700<br>LEI: 549300NBK3K85MH1EX16 | Long             | EC               | CORP              | US        |    239496 | NS      | $1628572.80   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Crane NXT Co                                  | Crane NXT Co                                  | CUSIP: 224441105<br>LEI: 549300EXNPSXEWUD3N21 | Long             | EC               | CORP              | US        |    154532 | NS      | $10364461.24  | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Assured Guaranty Ltd                          | Assured Guaranty Ltd                          | CUSIP: 000000000<br>LEI: 549300BBOQUJEPH87M14 | Long             | EC               | CORP              | BM        |    355857 | NS      | $30123295.05  | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| ePlus Inc                                     | ePlus Inc                                     | CUSIP: 294268107<br>LEI: 529900FFY8AAFJ21NE91 | Long             | EC               | CORP              | US        |     26999 | NS      | $1917198.99   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Sun Country Airlines Holdings Inc             | Sun Country Airlines Holdings Inc             | CUSIP: 866683105<br>LEI: 549300MOHOJN9GH0NJ48 | Long             | EC               | CORP              | US        |     87339 | NS      | $1031473.59   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Indivior PLC                                  | Indivior PLC                                  | CUSIP: 000000000<br>LEI: 213800V3NCQTY7IED471 | Long             | EC               | CORP              | GB        |    137423 | NS      | $3313268.53   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Thryv Holdings Inc                            | Thryv Holdings Inc                            | CUSIP: 886029206<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    119060 | NS      | $1435863.60   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Shift4 Payments Inc                           | Shift4 Payments Inc                           | CUSIP: 82452J109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     50000 | NS      | $3870000.00   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Centessa Pharmaceuticals PLC                  | Centessa Pharmaceuticals PLC                  | CUSIP: 152309100<br>LEI: 213800GIDAARDSKOI827 | Long             | EC               | CORP              | GB        |    123575 | NS      | $2996693.75   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Carlisle Cos Inc                              | Carlisle Cos Inc                              | CUSIP: 142339100<br>LEI: XR64VGX1ZPX6G7ZN7Z11 | Long             | EC               | CORP              | US        |      5000 | NS      | $1644800.00   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| HCI Group Inc                                 | HCI Group Inc                                 | CUSIP: 40416E103<br>LEI: 549300CZF7EZJH0MPH74 | Long             | EC               | CORP              | US        |     14231 | NS      | $2731355.83   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| ScanSource Inc                                | ScanSource Inc                                | CUSIP: 806037107<br>LEI: 7FHBAN017QDY4K2KP156 | Long             | EC               | CORP              | US        |     23163 | NS      | $1018940.37   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| RLI Corp                                      | RLI Corp                                      | CUSIP: 749607107<br>LEI: 529900AMTJE5ECN9PS55 | Long             | EC               | CORP              | US        |    115876 | NS      | $7557432.72   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| GeneDx Holdings Corp                          | GeneDx Holdings Corp                          | CUSIP: 81663L200<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     37849 | NS      | $4077851.26   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Kirby Corp                                    | Kirby Corp                                    | CUSIP: 497266106<br>LEI: I7NO6FZO5GUCG585T325 | Long             | EC               | CORP              | US        |     26718 | NS      | $2229617.10   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| ESCO Technologies Inc                         | ESCO Technologies Inc                         | CUSIP: 296315104<br>LEI: 5493007JJLP5MEWVDH10 | Long             | EC               | CORP              | US        |     61176 | NS      | $12914865.36  | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| SPX Technologies Inc                          | SPX Technologies Inc                          | CUSIP: 78473E103<br>LEI: P761FCI0CPOG24I8JE10 | Long             | EC               | CORP              | US        |      4550 | NS      | $849849.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Badger Meter Inc                              | Badger Meter Inc                              | CUSIP: 056525108<br>LEI: 5493002JENE20OGTUG20 | Long             | EC               | CORP              | US        |      6499 | NS      | $1160591.42   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| ADMA Biologics Inc                            | ADMA Biologics Inc                            | CUSIP: 000899104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    513508 | NS      | $7528027.28   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| German American Bancorp Inc                   | German American Bancorp Inc                   | CUSIP: 373865104<br>LEI: 5493002JDOI3GTNVUD76 | Long             | EC               | CORP              | US        |     59827 | NS      | $2349406.29   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Axcelis Technologies Inc                      | Axcelis Technologies Inc                      | CUSIP: 054540208<br>LEI: 529900HF9B6NL1QG9F05 | Long             | EC               | CORP              | US        |     33718 | NS      | $3292225.52   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Fixed Income Clearing Corp                    | FIXED INC CLEARING CORP.REPO                  | CUSIP: 000000000<br>LEI: 549300H47WTHXPU08X20 | Long             | RA               | CORP              | US        | 110339933 | PA      | $110339933.27 | 5.12%             |  |  |  | No            |                  2 | On Loan: No      |
| MSA Safety Inc                                | MSA Safety Inc                                | CUSIP: 553498106<br>LEI: 529900DVA3258XK11O39 | Long             | EC               | CORP              | US        |     15650 | NS      | $2692895.50   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Home BancShares Inc/AR                        | Home BancShares Inc/AR                        | CUSIP: 436893200<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    152117 | NS      | $4304911.10   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Matson Inc                                    | Matson Inc                                    | CUSIP: 57686G105<br>LEI: 549300OI5H3Y0I9I4I12 | Long             | EC               | CORP              | US        |     31952 | NS      | $3150147.68   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| SiriusPoint Ltd                               | SiriusPoint Ltd                               | CUSIP: 000000000<br>LEI: 549300OGXFI85N3YZZ51 | Long             | EC               | CORP              | BM        |     93222 | NS      | $1686385.98   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Tidewater Inc                                 | Tidewater Inc                                 | CUSIP: 88642R109<br>LEI: 2549000JA5GRUPLMUH98 | Long             | EC               | CORP              | US        |     12977 | NS      | $692063.41    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Academy Sports & Outdoors Inc                 | Academy Sports & Outdoors Inc                 | CUSIP: 00402L107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    298052 | NS      | $14908561.04  | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Forward Air Corp                              | Forward Air Corp                              | CUSIP: 34986A104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     63360 | NS      | $1624550.40   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| DXC Technology Co                             | DXC Technology Co                             | CUSIP: 23355L106<br>LEI: 549300DOVZ3EDJB7O259 | Long             | EC               | CORP              | US        |    201727 | NS      | $2749539.01   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Kyndryl Holdings Inc                          | Kyndryl Holdings Inc                          | CUSIP: 50155Q100<br>LEI: 549300LQ4LWX2R8ZV130 | Long             | EC               | CORP              | US        |    319274 | NS      | $9587798.22   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Franklin Covey Co                             | Franklin Covey Co                             | CUSIP: 353469109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    183811 | NS      | $3567771.51   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| IPG Photonics Corp                            | IPG Photonics Corp                            | CUSIP: 44980X109<br>LEI: 5493002KZ51CADQ94G15 | Long             | EC               | CORP              | US        |     51100 | NS      | $4046609.00   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| AeroVironment Inc                             | AeroVironment Inc                             | CUSIP: 008073108<br>LEI: 529900PGHVI29YLZ6221 | Long             | EC               | CORP              | US        |      3000 | NS      | $944670.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| PC Connection Inc                             | PC Connection Inc                             | CUSIP: 69318J100<br>LEI: 5299005WPRNIXDV2KM73 | Long             | EC               | CORP              | US        |     25928 | NS      | $1607276.72   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Towne Bank/Portsmouth VA                      | Towne Bank/Portsmouth VA                      | CUSIP: 89214P109<br>LEI: 54930039UO39UJGI7078 | Long             | EC               | CORP              | US        |     45000 | NS      | $1555650.00   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Eagle Bancorp Inc                             | Eagle Bancorp Inc                             | CUSIP: 268948106<br>LEI: 549300B47NZODRMG3D47 | Long             | EC               | CORP              | US        |      2852 | NS      | $57667.44     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Magellan Aerospace Corp                       | Magellan Aerospace Corp                       | CUSIP: 558912200<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |    943092 | NS      | $11086430.35  | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| NMI Holdings Inc                              | NMI Holdings Inc                              | CUSIP: 629209305<br>LEI: 529900KNNGFXJX1C3Z08 | Long             | EC               | CORP              | US        |    129767 | NS      | $4975266.78   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| E-L Financial Corp Ltd                        | E-L Financial Corp Ltd                        | CUSIP: 268575107<br>LEI: 5493008YS2NMV2UCI287 | Long             | EC               | CORP              | CA        |   2055199 | NS      | $23893885.05  | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| WD-40 Co                                      | WD-40 Co                                      | CUSIP: 929236107<br>LEI: 549300UZHTN0CNKBOB19 | Long             | EC               | CORP              | US        |      5280 | NS      | $1043328.00   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Graham Corp                                   | Graham Corp                                   | CUSIP: 384556106<br>LEI: 254900EI9P4LTY524J77 | Long             | EC               | CORP              | US        |     76335 | NS      | $4190791.50   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Innospec Inc                                  | Innospec Inc                                  | CUSIP: 45768S105<br>LEI: 213800SQBACNY5IWJO68 | Long             | EC               | CORP              | US        |     61220 | NS      | $4723735.20   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| MGE Energy Inc                                | MGE Energy Inc                                | CUSIP: 55277P104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     25188 | NS      | $2120325.84   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Silgan Holdings Inc                           | Silgan Holdings Inc                           | CUSIP: 827048109<br>LEI: KAF673KJXD92C8KSLU49 | Long             | EC               | CORP              | US        |    113066 | NS      | $4862968.66   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Lazard Inc                                    | Lazard Inc                                    | CUSIP: 52110M109<br>LEI: 254900RIBCDJSUFG1A11 | Long             | EC               | CORP              | US        |    133881 | NS      | $7066239.18   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Helix Energy Solutions Group Inc              | Helix Energy Solutions Group Inc              | CUSIP: 42330P107<br>LEI: 416AP2JOUTCWEGSOZW41 | Long             | EC               | CORP              | US        |    149236 | NS      | $978988.16    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| CompX International Inc                       | CompX International Inc                       | CUSIP: 20563P101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    166074 | NS      | $3886131.60   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Major Drilling Group International Inc        | Major Drilling Group International Inc        | CUSIP: 560909103<br>LEI: 549300O1MNHCX2FUBC21 | Long             | EC               | CORP              | CA        |   1296691 | NS      | $10845356.93  | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| CorVel Corp                                   | CorVel Corp                                   | CUSIP: 221006109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8317 | NS      | $643902.14    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| RB Global Inc                                 | RB Global Inc                                 | CUSIP: 74935Q107<br>LEI: 5493002H8U24DJXQ4886 | Long             | EC               | CORP              | CA        |     36537 | NS      | $3959149.32   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Central Garden & Pet Co                       | Central Garden & Pet Co                       | CUSIP: 153527106<br>LEI: 5493004DVZLD37DJ0H83 | Long             | EC               | CORP              | US        |     46425 | NS      | $1515776.25   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Rush Enterprises Inc                          | Rush Enterprises Inc                          | CUSIP: 781846209<br>LEI: 529900V3XHTN7A6DFT17 | Long             | EC               | CORP              | US        |     41050 | NS      | $2194943.50   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Radian Group Inc                              | Radian Group Inc                              | CUSIP: 750236101<br>LEI: 54930005OUP720S5U385 | Long             | EC               | CORP              | US        |     87197 | NS      | $3158275.34   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| BorgWarner Inc                                | BorgWarner Inc                                | CUSIP: 099724106<br>LEI: 549300DSFX2IE88NSX47 | Long             | EC               | CORP              | US        |      7517 | NS      | $330447.32    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Guardian Pharmacy Services Inc                | Guardian Pharmacy Services Inc                | CUSIP: 40145W101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     32479 | NS      | $851924.17    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Brightstar Lottery PLC                        | Brightstar Lottery PLC                        | CUSIP: 000000000<br>LEI: 549300UQ6KHRCZDRGZ76 | Long             | EC               | CORP              | GB        |    274690 | NS      | $4738402.50   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Organon & Co                                  | Organon & Co                                  | CUSIP: 68622V106<br>LEI: 549300AMCKY57OK2CO56 | Long             | EC               | CORP              | US        |     36287 | NS      | $387545.16    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Xerox Holdings Corp                           | Xerox Holdings Corp                           | CUSIP: 98421M106<br>LEI: 5493000Y33XDVO2CXC18 | Long             | EC               | CORP              | US        |      5573 | NS      | $20954.48     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Lindblad Expeditions Holdings Inc             | Lindblad Expeditions Holdings Inc             | CUSIP: 535219109<br>LEI: 549300GSPW24GZE6R597 | Long             | EC               | CORP              | US        |    373700 | NS      | $4783360.00   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Ziff Davis Inc                                | Ziff Davis Inc                                | CUSIP: 48123V102<br>LEI: 5493008OJYGLHD7MXA18 | Long             | EC               | CORP              | US        |     25764 | NS      | $981608.40    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Innoviva Inc                                  | Innoviva Inc                                  | CUSIP: 45781M101<br>LEI: 549300ACOX4QTBES6535 | Long             | EC               | CORP              | US        |     74132 | NS      | $1352909.00   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Masterbrand Inc                               | Masterbrand Inc                               | CUSIP: 57638P104<br>LEI: 549300E0Y4BR5Z9RDZ64 | Long             | EC               | CORP              | US        |    235165 | NS      | $3097123.05   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Bel Fuse Inc                                  | Bel Fuse Inc                                  | CUSIP: 077347300<br>LEI: 2549009L4XYDBRRY6X39 | Long             | EC               | CORP              | US        |     16564 | NS      | $2335855.28   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Employers Holdings Inc                        | Employers Holdings Inc                        | CUSIP: 292218104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     38340 | NS      | $1628683.20   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| FRP Holdings Inc                              | FRP Holdings Inc                              | CUSIP: 30292L107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    108661 | NS      | $2646981.96   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| CECO Environmental Corp                       | CECO Environmental Corp                       | CUSIP: 125141101<br>LEI: 5493002CZCTL4HGLIY91 | Long             | EC               | CORP              | US        |    126406 | NS      | $6471987.20   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Cognex Corp                                   | Cognex Corp                                   | CUSIP: 192422103<br>LEI: 549300JQTYZCLC43S226 | Long             | EC               | CORP              | US        |    274643 | NS      | $12441327.90  | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Paylocity Holding Corp                        | Paylocity Holding Corp                        | CUSIP: 70438V106<br>LEI: 549300VH75FTB4DIEE07 | Long             | EC               | CORP              | US        |      3000 | NS      | $477810.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Albany International Corp                     | Albany International Corp                     | CUSIP: 012348108<br>LEI: L73WCPNCZIRSQGZTW097 | Long             | EC               | CORP              | US        |      5339 | NS      | $284568.70    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Littelfuse Inc                                | Littelfuse Inc                                | CUSIP: 537008104<br>LEI: 549300MY7HLQFYTPCX75 | Long             | EC               | CORP              | US        |     36520 | NS      | $9459045.20   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Abacus Global Management Inc                  | Abacus Global Management Inc                  | CUSIP: 00258Y104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    565017 | NS      | $3237547.41   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Richardson Electronics Ltd/United States      | Richardson Electronics Ltd/United States      | CUSIP: 763165107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    433407 | NS      | $4243054.53   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Progress Software Corp                        | Progress Software Corp                        | CUSIP: 743312100<br>LEI: 549300R65B3JG6972S24 | Long             | EC               | CORP              | US        |     52250 | NS      | $2295342.50   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Talkspace Inc                                 | Talkspace Inc                                 | CUSIP: 87427V103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    130760 | NS      | $360897.60    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Sterling Infrastructure Inc                   | Sterling Infrastructure Inc                   | CUSIP: 859241101<br>LEI: 549300RZIK6K1215XU51 | Long             | EC               | CORP              | US        |     47391 | NS      | $16097774.88  | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Verra Mobility Corp                           | Verra Mobility Corp                           | CUSIP: 92511U102<br>LEI: 549300XX5EKGLR0M4152 | Long             | EC               | CORP              | US        |     21579 | NS      | $533001.30    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Bridgebio Pharma Inc                          | Bridgebio Pharma Inc                          | CUSIP: 10806X102<br>LEI: 54930028YG89VTY2J114 | Long             | EC               | CORP              | US        |    127136 | NS      | $6603443.84   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Perella Weinberg Partners                     | Perella Weinberg Partners                     | CUSIP: 71367G102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    183042 | NS      | $3902455.44   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Cal-Maine Foods Inc                           | Cal-Maine Foods Inc                           | CUSIP: 128030202<br>LEI: 549300NHE5WMIEIEMF53 | Long             | EC               | CORP              | US        |      7654 | NS      | $720241.40    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Merchants Bancorp/IN                          | Merchants Bancorp/IN                          | CUSIP: 58844R108<br>LEI: 54930008Y0GPVLF81889 | Long             | EC               | CORP              | US        |    177707 | NS      | $5651082.60   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| FormFactor Inc                                | FormFactor Inc                                | CUSIP: 346375108<br>LEI: 549300YCEEO6SZD1ZR61 | Long             | EC               | CORP              | US        |    193327 | NS      | $7040969.34   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Korn Ferry                                    | Korn Ferry                                    | CUSIP: 500643200<br>LEI: 549300FOD20OM0GT5G40 | Long             | EC               | CORP              | US        |    135179 | NS      | $9459826.42   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Envista Holdings Corp                         | Envista Holdings Corp                         | CUSIP: 29415F104<br>LEI: 549300BX623VURJZ5269 | Long             | EC               | CORP              | US        |    266514 | NS      | $5428890.18   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| OneSpaWorld Holdings Ltd                      | OneSpaWorld Holdings Ltd                      | CUSIP: 000000000<br>LEI: 5493007W8PZ8W6UC2X76 | Long             | EC               | CORP              | BS        |     30000 | NS      | $634200.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Cable One Inc                                 | Cable One Inc                                 | CUSIP: 12685J105<br>LEI: 549300648QS85T0XSH18 | Long             | EC               | CORP              | US        |      5229 | NS      | $925794.45    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Preferred Bank/Los Angeles CA                 | Preferred Bank/Los Angeles CA                 | CUSIP: 740367404<br>LEI: 5493007K6HGI9G0ECX16 | Long             | EC               | CORP              | US        |     23385 | NS      | $2113770.15   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| National Presto Industries Inc                | National Presto Industries Inc                | CUSIP: 637215104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       504 | NS      | $56523.60     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| HBT Financial Inc                             | HBT Financial Inc                             | CUSIP: 404111106<br>LEI: 549300NTXD4Q6UK5BY66 | Long             | EC               | CORP              | US        |     27347 | NS      | $689144.40    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| RPC Inc                                       | RPC Inc                                       | CUSIP: 749660106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    393845 | NS      | $1874702.20   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Photronics Inc                                | Photronics Inc                                | CUSIP: 719405102<br>LEI: 549300OK5JVNIBNY6F63 | Long             | EC               | CORP              | US        |    248033 | NS      | $5692357.35   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Cathay General Bancorp                        | Cathay General Bancorp                        | CUSIP: 149150104<br>LEI: 549300K1SLJ8C97H5L68 | Long             | EC               | CORP              | US        |     43948 | NS      | $2109943.48   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Skyward Specialty Insurance Group Inc         | Skyward Specialty Insurance Group Inc         | CUSIP: 830940102<br>LEI: 549300GXGXJG0YH4VN21 | Long             | EC               | CORP              | US        |     50269 | NS      | $2390793.64   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| DraftKings Inc                                | DraftKings Inc                                | CUSIP: 26142V105<br>LEI: 2549006G33IUL6IVOD83 | Long             | EC               | CORP              | US        |      8000 | NS      | $299200.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlantic Union Bankshares Corp                | Atlantic Union Bankshares Corp                | CUSIP: 04911A107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     31000 | NS      | $1093990.00   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Agilysys Inc                                  | Agilysys Inc                                  | CUSIP: 00847J105<br>LEI: 5299001XWB5V3B5IPN93 | Long             | EC               | CORP              | US        |     72937 | NS      | $7676619.25   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Helios Technologies Inc                       | Helios Technologies Inc                       | CUSIP: 42328H109<br>LEI: 5493000BCJSMIDRNTI78 | Long             | EC               | CORP              | US        |     51900 | NS      | $2705547.00   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| G-III Apparel Group Ltd                       | G-III Apparel Group Ltd                       | CUSIP: 36237H101<br>LEI: 529900O5KABM3R3SFM87 | Long             | EC               | CORP              | US        |     37891 | NS      | $1008279.51   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| YETI Holdings Inc                             | YETI Holdings Inc                             | CUSIP: 98585X104<br>LEI: 549300DSQICIGNT5GO63 | Long             | EC               | CORP              | US        |    203605 | NS      | $6755613.90   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Insight Enterprises Inc                       | Insight Enterprises Inc                       | CUSIP: 45765U103<br>LEI: 529900S8991TYW6YP792 | Long             | EC               | CORP              | US        |     15886 | NS      | $1801631.26   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| ESCROW NEW YORK REIT                          | ESCROW NEW YORK REIT                          | CUSIP: 64ESC1997<br>LEI: N/A                  | Long             | EC               |  | US        |     15000 | NS      | $100950.00    | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Centrus Energy Corp                           | Centrus Energy Corp                           | CUSIP: 15643U104<br>LEI: 549300G6VDK9G8276661 | Long             | EC               | CORP              | US        |     10132 | NS      | $3141629.24   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Hayward Holdings Inc                          | Hayward Holdings Inc                          | CUSIP: 421298100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     22956 | NS      | $347094.72    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Latin America Ltd                     | Liberty Latin America Ltd                     | CUSIP: 000000000<br>LEI: 213800YWQHEAX7CAVO83 | Long             | EC               | CORP              | BM        |     63228 | NS      | $533644.32    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Coveo Solutions Inc                           | Coveo Solutions Inc                           | CUSIP: 22289D107<br>LEI: 98450081B453U1ZPF938 | Long             | EC               | CORP              | CA        |    184000 | NS      | $1139670.91   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Seacoast Banking Corp of Florida              | Seacoast Banking Corp of Florida              | CUSIP: 811707801<br>LEI: 549300V6IC06XYQYPG88 | Long             | EC               | CORP              | US        |     24500 | NS      | $745535.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| nLight Inc                                    | nLight Inc                                    | CUSIP: 65487K100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    160213 | NS      | $4747111.19   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Perdoceo Education Corp                       | Perdoceo Education Corp                       | CUSIP: 71363P106<br>LEI: 529900X5PCA184O9LY90 | Long             | EC               | CORP              | US        |     74437 | NS      | $2803297.42   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Bio-Techne Corp                               | Bio-Techne Corp                               | CUSIP: 09073M104<br>LEI: 54930073RLKQ51TILZ35 | Long             | EC               | CORP              | US        |    109313 | NS      | $6081082.19   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Transcat Inc                                  | Transcat Inc                                  | CUSIP: 893529107<br>LEI: 54930081E40TSSHUOS40 | Long             | EC               | CORP              | US        |    106635 | NS      | $7805682.00   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Bath & Body Works Inc                         | Bath & Body Works Inc                         | CUSIP: 070830104<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | EC               | CORP              | US        |    258600 | NS      | $6661536.00   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Carter's Inc                                  | Carter's Inc                                  | CUSIP: 146229109<br>LEI: 5299003WAQK4R3L3ZU36 | Long             | EC               | CORP              | US        |     40059 | NS      | $1130464.98   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| NewtekOne Inc                                 | NewtekOne Inc                                 | CUSIP: 652526203<br>LEI: 549300YLU78IA8GKJ688 | Long             | EC               | CORP              | US        |    314894 | NS      | $3605536.30   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| UFP Industries Inc                            | UFP Industries Inc                            | CUSIP: 90278Q108<br>LEI: 5493007KB485C9OV5572 | Long             | EC               | CORP              | US        |     94501 | NS      | $8834898.49   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Kura Sushi USA Inc                            | Kura Sushi USA Inc                            | CUSIP: 501270102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9500 | NS      | $564395.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| WaFd Inc                                      | WaFd Inc                                      | CUSIP: 938824109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2225 | NS      | $67395.25     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| LCI Industries                                | LCI Industries                                | CUSIP: 50189K103<br>LEI: 549300E1B98YNJ1WIQ04 | Long             | EC               | CORP              | US        |    154479 | NS      | $14389718.85  | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Veradigm Inc                                  | Veradigm Inc                                  | CUSIP: 01988P108<br>LEI: Y68YJHVB1GU4TAU3C223 | Long             | EC               | CORP              | US        |    153900 | NS      | $738720.00    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Esab Corp                                     | Esab Corp                                     | CUSIP: 29605J106<br>LEI: 549300ZNV0SWBXEIWT04 | Long             | EC               | CORP              | US        |    159406 | NS      | $17812026.44  | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Paysign Inc                                   | Paysign Inc                                   | CUSIP: 70451A104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    105333 | NS      | $662544.57    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Landstar System Inc                           | Landstar System Inc                           | CUSIP: 515098101<br>LEI: 254900CUQXQRL09MEI52 | Long             | EC               | CORP              | US        |     24551 | NS      | $3008970.56   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Allegro MicroSystems Inc                      | Allegro MicroSystems Inc                      | CUSIP: 01749D105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     51863 | NS      | $1514399.60   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Century Aluminum Co                           | Century Aluminum Co                           | CUSIP: 156431108<br>LEI: 549300U5ODNGEYWKSW73 | Long             | EC               | CORP              | US        |     72419 | NS      | $2126221.84   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Progyny Inc                                   | Progyny Inc                                   | CUSIP: 74340E103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     37901 | NS      | $815629.52    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| ACV Auctions Inc                              | ACV Auctions Inc                              | CUSIP: 00091G104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    121300 | NS      | $1202083.00   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Mueller Industries Inc                        | Mueller Industries Inc                        | CUSIP: 624756102<br>LEI: 5493005IZFE4VJLLYG84 | Long             | EC               | CORP              | US        |      8208 | NS      | $829910.88    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| PureTech Health PLC                           | PureTech Health PLC                           | CUSIP: 000000000<br>LEI: 213800LVPDNO2Z9T9I39 | Long             | EC               | CORP              | GB        |      7616 | NS      | $13622.86     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Advance Auto Parts Inc                        | Advance Auto Parts Inc                        | CUSIP: 00751Y106<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | EC               | CORP              | US        |    210042 | NS      | $12896578.80  | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Renasant Corp                                 | Renasant Corp                                 | CUSIP: 75970E107<br>LEI: 549300OVE6OZHW2UUH81 | Long             | EC               | CORP              | US        |     22400 | NS      | $826336.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| S&T Bancorp Inc                               | S&T Bancorp Inc                               | CUSIP: 783859101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     33289 | NS      | $1251333.51   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Embecta Corp                                  | Embecta Corp                                  | CUSIP: 29082K105<br>LEI: 549300RPG8GXVDHNXZ62 | Long             | EC               | CORP              | US        |     21700 | NS      | $306187.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MKS Inc                                       | MKS Inc                                       | CUSIP: 55306N104<br>LEI: 549300KEQATBHAGVF505 | Long             | EC               | CORP              | US        |    149969 | NS      | $18561663.13  | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Alamo Group Inc                               | Alamo Group Inc                               | CUSIP: 011311107<br>LEI: 54930080C93RVZRSDV26 | Long             | EC               | CORP              | US        |      5467 | NS      | $1043650.30   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Itron Inc                                     | Itron Inc                                     | CUSIP: 465741106<br>LEI: 24F6LSZD18II6ICG6S41 | Long             | EC               | CORP              | US        |      6968 | NS      | $867934.08    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| St Joe Co/The                                 | St Joe Co/The                                 | CUSIP: 790148100<br>LEI: 529900XVHOT3BF8PWG49 | Long             | EC               | CORP              | US        |     78800 | NS      | $3899024.00   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Tennant Co                                    | Tennant Co                                    | CUSIP: 880345103<br>LEI: JYAIRLT8DVP6DP8UT336 | Long             | EC               | CORP              | US        |     40000 | NS      | $3242400.00   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Impinj Inc                                    | Impinj Inc                                    | CUSIP: 453204109<br>LEI: 549300M26VGKSMMWWN17 | Long             | EC               | CORP              | US        |     99676 | NS      | $18016437.00  | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Owens & Minor Inc                             | Owens & Minor Inc                             | CUSIP: 690732102<br>LEI: 549300LMT5KQQXCEZ733 | Long             | EC               | CORP              | US        |     59859 | NS      | $287323.20    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Insmed Inc                                    | Insmed Inc                                    | CUSIP: 457669307<br>LEI: 529900Q55QAG41CCAC11 | Long             | EC               | CORP              | US        |     50411 | NS      | $7259688.11   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Andersons Inc/The                             | Andersons Inc/The                             | CUSIP: 034164103<br>LEI: L38MWB8MVRFV7HVJPU11 | Long             | EC               | CORP              | US        |     28496 | NS      | $1134425.76   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Seneca Foods Corp                             | Seneca Foods Corp                             | CUSIP: 817070501<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    173460 | NS      | $18723272.40  | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Computer Modelling Group Ltd                  | Computer Modelling Group Ltd                  | CUSIP: 205249105<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |    614611 | NS      | $2768995.45   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Bolsa Mexicana de Valores SAB de CV           | Bolsa Mexicana de Valores SAB de CV           | CUSIP: 000000000<br>LEI: 894500CS2D6RLGW61A19 | Long             | EC               | CORP              | MX        |   1723106 | NS      | $3603623.55   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| NCR Voyix Corp                                | NCR Voyix Corp                                | CUSIP: 62886E108<br>LEI: 549300YKTY8JX1DV2R67 | Long             | EC               | CORP              | US        |      4495 | NS      | $56412.25     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Harmony Biosciences Holdings Inc              | Harmony Biosciences Holdings Inc              | CUSIP: 413197104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     78385 | NS      | $2160290.60   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Shenandoah Telecommunications Co              | Shenandoah Telecommunications Co              | CUSIP: 82312B106<br>LEI: 549300XH3H4OUKFPHS84 | Long             | EC               | CORP              | US        |     36519 | NS      | $490084.98    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| PROG Holdings Inc                             | PROG Holdings Inc                             | CUSIP: 74319R101<br>LEI: 549300DHYTLBOVRXIG52 | Long             | EC               | CORP              | US        |     37614 | NS      | $1217189.04   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Moog Inc                                      | Moog Inc                                      | CUSIP: 615394202<br>LEI: 549300WM2I4U7OBAHG07 | Long             | EC               | CORP              | US        |     20208 | NS      | $4196595.36   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Powell Industries Inc                         | Powell Industries Inc                         | CUSIP: 739128106<br>LEI: 549300V08RO7MX2UBN26 | Long             | EC               | CORP              | US        |     54342 | NS      | $16563985.02  | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Descartes Systems Group Inc/The               | Descartes Systems Group Inc/The               | CUSIP: 249906108<br>LEI: 875500NEPA7JI5EOMN45 | Long             | EC               | CORP              | CA        |      8500 | NS      | $800955.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Coastal Financial Corp/WA                     | Coastal Financial Corp/WA                     | CUSIP: 19046P209<br>LEI: 549300XG5L36T6IU0B47 | Long             | EC               | CORP              | US        |     13421 | NS      | $1451749.57   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Azenta Inc                                    | Azenta Inc                                    | CUSIP: 114340102<br>LEI: 35ZN6X1ANPH25YN32Y17 | Long             | EC               | CORP              | US        |    219100 | NS      | $6292552.00   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| John B Sanfilippo & Son Inc                   | John B Sanfilippo & Son Inc                   | CUSIP: 800422107<br>LEI: 5299007IBEYVXKYDUX28 | Long             | EC               | CORP              | US        |     10498 | NS      | $674811.44    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Fresh Del Monte Produce Inc                   | Fresh Del Monte Produce Inc                   | CUSIP: 000000000<br>LEI: 529900I72V9F0FEZR228 | Long             | EC               | CORP              | KY        |     23319 | NS      | $809635.68    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Stella-Jones Inc                              | Stella-Jones Inc                              | CUSIP: 85853F105<br>LEI: 5493007LOVNNLYJ6KZ35 | Long             | EC               | CORP              | CA        |    157271 | NS      | $8973837.83   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Quaker Chemical Corp                          | Quaker Chemical Corp                          | CUSIP: 747316107<br>LEI: 549300PJQ1R3WCWCPS54 | Long             | EC               | CORP              | US        |    111777 | NS      | $14726619.75  | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelis Insurance Holdings Ltd                | Fidelis Insurance Holdings Ltd                | CUSIP: 000000000<br>LEI: 549300CDMGCAGJQ7DX03 | Long             | EC               | CORP              | BM        |    326307 | NS      | $5922472.05   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| CBIZ Inc                                      | CBIZ Inc                                      | CUSIP: 124805102<br>LEI: 529900D5X8CFM8O1N813 | Long             | EC               | CORP              | US        |     68100 | NS      | $3606576.00   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Kratos Defense & Security Solutions Inc       | Kratos Defense & Security Solutions Inc       | CUSIP: 50077B207<br>LEI: 5493000EKBN0UY1F3F88 | Long             | EC               | CORP              | US        |    128876 | NS      | $11775400.12  | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Silicon Laboratories Inc                      | Silicon Laboratories Inc                      | CUSIP: 826919102<br>LEI: 4PRDF8Q9TDHRVZKZSZ47 | Long             | EC               | CORP              | US        |      5250 | NS      | $688432.50    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Hackett Group Inc/The                         | Hackett Group Inc/The                         | CUSIP: 404609109<br>LEI: 5K016KLIRB6156644289 | Long             | EC               | CORP              | US        |    717251 | NS      | $13634941.51  | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Weatherford International PLC                 | Weatherford International PLC                 | CUSIP: 000000000<br>LEI: 529900LPBDSCQDJKHQ39 | Long             | EC               | CORP              | IE        |     39645 | NS      | $2712907.35   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Ethan Allen Interiors Inc                     | Ethan Allen Interiors Inc                     | CUSIP: 297602104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     49208 | NS      | $1449667.68   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| White Mountains Insurance Group Ltd           | White Mountains Insurance Group Ltd           | CUSIP: 000000000<br>LEI: 549300N3FL068JERBG02 | Long             | EC               | CORP              | BM        |      4923 | NS      | $8228892.96   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| LSI Industries Inc                            | LSI Industries Inc                            | CUSIP: 50216C108<br>LEI: 529900HY42OANH6BVT33 | Long             | EC               | CORP              | US        |    496657 | NS      | $11726071.77  | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| MSC Industrial Direct Co Inc                  | MSC Industrial Direct Co Inc                  | CUSIP: 553530106<br>LEI: 0XVKH0LN6YGOWO2EGO17 | Long             | EC               | CORP              | US        |     51773 | NS      | $4770364.22   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| SiTime Corp                                   | SiTime Corp                                   | CUSIP: 82982T106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     30465 | NS      | $9179409.15   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| ECN Capital Corp                              | ECN Capital Corp                              | CUSIP: 26829L107<br>LEI: 549300E2G773NN59KY61 | Long             | EC               | CORP              | CA        |    838800 | NS      | $1711713.73   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameresco Inc                                  | Ameresco Inc                                  | CUSIP: 02361E108<br>LEI: 529900NZXZGBCBXYY327 | Long             | EC               | CORP              | US        |    132690 | NS      | $4455730.20   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Onex Corp                                     | Onex Corp                                     | CUSIP: 68272K103<br>LEI: 894500LB8PNE5C7CEN88 | Long             | EC               | CORP              | CA        |    173237 | NS      | $15371874.06  | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| ODP Corp/The                                  | ODP Corp/The                                  | CUSIP: 88337F105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1285 | NS      | $35787.25     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Quanex Building Products Corp                 | Quanex Building Products Corp                 | CUSIP: 747619104<br>LEI: 5493000TL30VL5WOAW87 | Long             | EC               | CORP              | US        |     29587 | NS      | $420727.14    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Liquidity Services Inc                        | Liquidity Services Inc                        | CUSIP: 53635B107<br>LEI: 5299002AZ4ULSAXN0G81 | Long             | EC               | CORP              | US        |     49275 | NS      | $1351613.25   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Beacon Financial Corp                         | Beacon Financial Corp                         | CUSIP: 084680107<br>LEI: 549300AS2OC6UMMBNO37 | Long             | EC               | CORP              | US        |     13469 | NS      | $319349.99    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Commercial Metals Co                          | Commercial Metals Co                          | CUSIP: 201723103<br>LEI: 549300OQS2LO07ZJ7N73 | Long             | EC               | CORP              | US        |     56600 | NS      | $3242048.00   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortrea Holdings Inc                          | Fortrea Holdings Inc                          | CUSIP: 34965K107<br>LEI: 5493000FIVFABOVCDU97 | Long             | EC               | CORP              | US        |     56346 | NS      | $474433.32    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Life Time Group Holdings Inc                  | Life Time Group Holdings Inc                  | CUSIP: 53190C102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     23500 | NS      | $648600.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| NCR Atleos Corp                               | NCR Atleos Corp                               | CUSIP: 63001N106<br>LEI: 9845005FC3S0VA714741 | Long             | EC               | CORP              | US        |     76377 | NS      | $3002379.87   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| PriceSmart Inc                                | PriceSmart Inc                                | CUSIP: 741511109<br>LEI: 549300JVYOSTGVSDZS46 | Long             | EC               | CORP              | US        |     13402 | NS      | $1624188.38   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Cogent Communications Holdings Inc            | Cogent Communications Holdings Inc            | CUSIP: 19239V302<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       127 | NS      | $4870.45      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Digi International Inc                        | Digi International Inc                        | CUSIP: 253798102<br>LEI: 529900KG656HGROI4N27 | Long             | EC               | CORP              | US        |     64057 | NS      | $2335518.22   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Monarch Casino & Resort Inc                   | Monarch Casino & Resort Inc                   | CUSIP: 609027107<br>LEI: 549300AK5FF7KY11V997 | Long             | EC               | CORP              | US        |     17560 | NS      | $1858550.40   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Cytokinetics Inc                              | Cytokinetics Inc                              | CUSIP: 23282W605<br>LEI: 549300BE5DY1HW7IHA64 | Long             | EC               | CORP              | US        |     38276 | NS      | $2103648.96   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Moelis & Co                                   | Moelis & Co                                   | CUSIP: 60786M105<br>LEI: 549300891QNU7VTQUR83 | Long             | EC               | CORP              | US        |      6452 | NS      | $460156.64    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Donnelley Financial Solutions Inc             | Donnelley Financial Solutions Inc             | CUSIP: 25787G100<br>LEI: 549300O1NPY4J56QCU04 | Long             | EC               | CORP              | US        |    106264 | NS      | $5465157.52   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Haemonetics Corp                              | Haemonetics Corp                              | CUSIP: 405024100<br>LEI: 549300ZEL6TXZS6F5F95 | Long             | EC               | CORP              | US        |    203066 | NS      | $9897436.84   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| NWPX Infrastructure Inc                       | NWPX Infrastructure Inc                       | CUSIP: 667746101<br>LEI: 54930056VW2CRCZ9RE54 | Long             | EC               | CORP              | US        |     32800 | NS      | $1736104.00   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| TEGNA Inc                                     | TEGNA Inc                                     | CUSIP: 87901J105<br>LEI: 549300YC5EDBGX85AO10 | Long             | EC               | CORP              | US        |    121171 | NS      | $2463406.43   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Concentra Group Holdings Parent Inc           | Concentra Group Holdings Parent Inc           | CUSIP: 20603L102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     77388 | NS      | $1619730.84   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Strategic Education Inc                       | Strategic Education Inc                       | CUSIP: 86272C103<br>LEI: 2549002UYIM8Q5EC8H36 | Long             | EC               | CORP              | US        |      5666 | NS      | $487332.66    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| UniFirst Corp/MA                              | UniFirst Corp/MA                              | CUSIP: 904708104<br>LEI: 5493003XBTNWBC8UK019 | Long             | EC               | CORP              | US        |     14200 | NS      | $2374098.00   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| SkyWest Inc                                   | SkyWest Inc                                   | CUSIP: 830879102<br>LEI: 529900UYS2KGS6Z42P09 | Long             | EC               | CORP              | US        |     19451 | NS      | $1957159.62   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Healthcare Services Group Inc                 | Healthcare Services Group Inc                 | CUSIP: 421906108<br>LEI: 529900GVZ1D2FBYMS719 | Long             | EC               | CORP              | US        |    446613 | NS      | $7516496.79   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Encore Capital Group Inc                      | Encore Capital Group Inc                      | CUSIP: 292554102<br>LEI: 5493000UVC6H49CIH830 | Long             | EC               | CORP              | US        |     25000 | NS      | $1043500.00   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Enovis Corp                                   | Enovis Corp                                   | CUSIP: 194014502<br>LEI: 635400OP2DYYYMOIYL17 | Long             | EC               | CORP              | US        |    177374 | NS      | $5381527.16   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| JBT Marel Corp                                | JBT Marel Corp                                | CUSIP: 477839104<br>LEI: 5493007CT6ATBZ2L6826 | Long             | EC               | CORP              | US        |    113567 | NS      | $15950485.15  | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Apogee Enterprises Inc                        | Apogee Enterprises Inc                        | CUSIP: 037598109<br>LEI: 549300579S7QW8V4IJ60 | Long             | EC               | CORP              | US        |     29479 | NS      | $1284400.03   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Stevanato Group SpA                           | Stevanato Group SpA                           | CUSIP: 000000000<br>LEI: 81560033F7E1CD477507 | Long             | EC               | CORP              | IT        |    167724 | NS      | $4318893.00   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Metropolitan Bank Holding Corp                | Metropolitan Bank Holding Corp                | CUSIP: 591774104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     21042 | NS      | $1574362.44   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Brady Corp                                    | Brady Corp                                    | CUSIP: 104674106<br>LEI: 549300G2LEQOFQC8GY34 | Long             | EC               | CORP              | US        |    276191 | NS      | $21551183.73  | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Limbach Holdings Inc                          | Limbach Holdings Inc                          | CUSIP: 53263P105<br>LEI: 254900EW8KXT5ZTWQI30 | Long             | EC               | CORP              | US        |     19528 | NS      | $1896559.36   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| IAMGOLD Corp                                  | IAMGOLD Corp                                  | CUSIP: 450913108<br>LEI: 254900E7II30XAB9LA72 | Long             | EC               | CORP              | CA        |    500000 | NS      | $6465000.00   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Glacier Bancorp Inc                           | Glacier Bancorp Inc                           | CUSIP: 37637Q105<br>LEI: 549300SMJAUKZB5D7V74 | Long             | EC               | CORP              | US        |      5000 | NS      | $243350.00    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Alamos Gold Inc                               | Alamos Gold Inc                               | CUSIP: 011532108<br>LEI: 894500GIHFJZW7YS9660 | Long             | EC               | CORP              | CA        |    555000 | NS      | $19345440.83  | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Visteon Corp                                  | Visteon Corp                                  | CUSIP: 92839U206<br>LEI: 549300MOVLYHRW4GGW78 | Long             | EC               | CORP              | US        |     49171 | NS      | $5893636.06   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Westamerica BanCorp                           | Westamerica BanCorp                           | CUSIP: 957090103<br>LEI: 984500CF4F8115C11D96 | Long             | EC               | CORP              | US        |     43646 | NS      | $2181863.54   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Urban Outfitters Inc                          | Urban Outfitters Inc                          | CUSIP: 917047102<br>LEI: 549300N3DUFR5U6NRN38 | Long             | EC               | CORP              | US        |      6195 | NS      | $442508.85    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Installed Building Products Inc               | Installed Building Products Inc               | CUSIP: 45780R101<br>LEI: 549300I95Y9P9YM5FI86 | Long             | EC               | CORP              | US        |     45807 | NS      | $11298754.62  | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Tower Semiconductor Ltd                       | Tower Semiconductor Ltd                       | CUSIP: 000000000<br>LEI: 54930086ZSNXZOUX0C54 | Long             | EC               | CORP              | IL        |     63152 | NS      | $4565889.60   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Enact Holdings Inc                            | Enact Holdings Inc                            | CUSIP: 29249E109<br>LEI: 9845003CA5664B741N19 | Long             | EC               | CORP              | US        |     15213 | NS      | $583266.42    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| FTAI Aviation Ltd                             | FTAI Aviation Ltd                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     85996 | NS      | $14349292.56  | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Astec Industries Inc                          | Astec Industries Inc                          | CUSIP: 046224101<br>LEI: 5493002DO2QKHLKB2A48 | Long             | EC               | CORP              | US        |      6778 | NS      | $326225.14    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Sylvamo Corp                                  | Sylvamo Corp                                  | CUSIP: 871332102<br>LEI: 5493001AOYU1ZOWOC971 | Long             | EC               | CORP              | US        |     38399 | NS      | $1698003.78   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Soleno Therapeutics Inc                       | Soleno Therapeutics Inc                       | CUSIP: 834203309<br>LEI: 5493003LCY77N7FXK844 | Long             | EC               | CORP              | US        |     17320 | NS      | $1170832.00   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Metsera Inc                                   | Metsera Inc                                   | CUSIP: 59267L107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     73265 | NS      | $3833957.45   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Freshpet Inc                                  | Freshpet Inc                                  | CUSIP: 358039105<br>LEI: 549300S4ZK8ZQ6HNPN59 | Long             | EC               | CORP              | US        |      6250 | NS      | $344437.50    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Energy Inc                            | Liberty Energy Inc                            | CUSIP: 53115L104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2568 | NS      | $31689.12     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Extreme Networks Inc                          | Extreme Networks Inc                          | CUSIP: 30226D106<br>LEI: 549300WRECW11X94UB57 | Long             | EC               | CORP              | US        |     39263 | NS      | $810780.95    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Alpha Metallurgical Resources Inc             | Alpha Metallurgical Resources Inc             | CUSIP: 020764106<br>LEI: 254900VEBGZO2PY8R678 | Long             | EC               | CORP              | US        |      6335 | NS      | $1039510.15   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| SunCoke Energy Inc                            | SunCoke Energy Inc                            | CUSIP: 86722A103<br>LEI: 1KF1J2NXQE2PI0QOB943 | Long             | EC               | CORP              | US        |     45204 | NS      | $368864.64    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| FirstService Corp                             | FirstService Corp                             | CUSIP: 33767E202<br>LEI: 5493000XUDIV75BCF118 | Long             | EC               | CORP              | CA        |     79585 | NS      | $15160146.65  | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Alkermes PLC                                  | Alkermes PLC                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | IE        |     49769 | NS      | $1493070.00   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Adient PLC                                    | Adient PLC                                    | CUSIP: 000000000<br>LEI: 5493002QLDY8O75RTR78 | Long             | EC               | CORP              | IE        |     30099 | NS      | $724783.92    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Standard Motor Products Inc                   | Standard Motor Products Inc                   | CUSIP: 853666105<br>LEI: THGK1EO5B5HK0JHQVZ90 | Long             | EC               | CORP              | US        |     20211 | NS      | $825013.02    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Elanco Animal Health Inc                      | Elanco Animal Health Inc                      | CUSIP: 28414H103<br>LEI: 549300SHPNDCE059M934 | Long             | EC               | CORP              | US        |    328773 | NS      | $6621488.22   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Valmont Industries Inc                        | Valmont Industries Inc                        | CUSIP: 920253101<br>LEI: 5493009ZGZJJ8F77JN08 | Long             | EC               | CORP              | US        |     26118 | NS      | $10126732.14  | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| PACS Group Inc                                | PACS Group Inc                                | CUSIP: 69380Q107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    350304 | NS      | $4809673.92   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Steven Madden Ltd                             | Steven Madden Ltd                             | CUSIP: 556269108<br>LEI: 549300Z9GZ7GYJWSGF43 | Long             | EC               | CORP              | US        |     29455 | NS      | $986153.40    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| 89bio Inc                                     | 89bio Inc                                     | CUSIP: 282559103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     34000 | NS      | $499800.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| PTC Therapeutics Inc                          | PTC Therapeutics Inc                          | CUSIP: 69366J200<br>LEI: 549300UJLWOIWFDGB318 | Long             | EC               | CORP              | US        |     17230 | NS      | $1057405.10   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Morningstar Inc                               | Morningstar Inc                               | CUSIP: 617700109<br>LEI: 529900YGNQPOVAXQ7F29 | Long             | EC               | CORP              | US        |      8189 | NS      | $1899929.89   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| World Kinect Corp                             | World Kinect Corp                             | CUSIP: 981475106<br>LEI: D3W7PCXCBRQLL17DZ313 | Long             | EC               | CORP              | US        |     25164 | NS      | $653005.80    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| American Woodmark Corp                        | American Woodmark Corp                        | CUSIP: 030506109<br>LEI: 5299007PFSDWMA74RB56 | Long             | EC               | CORP              | US        |       542 | NS      | $36183.92     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| HNI Corp                                      | HNI Corp                                      | CUSIP: 404251100<br>LEI: 549300SKRADLC4O5HV93 | Long             | EC               | CORP              | US        |     26326 | NS      | $1233373.10   | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| AAON Inc                                      | AAON Inc                                      | CUSIP: 000360206<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    105910 | NS      | $9896230.40   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| M/I Homes Inc                                 | M/I Homes Inc                                 | CUSIP: 55305B101<br>LEI: 5299005M71FH9CCSFB69 | Long             | EC               | CORP              | US        |     64342 | NS      | $9293558.48   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Corcept Therapeutics Inc                      | Corcept Therapeutics Inc                      | CUSIP: 218352102<br>LEI: 529900EO9LUTFMZ7FF90 | Long             | EC               | CORP              | US        |    138550 | NS      | $11514890.50  | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of NT Butterfield & Son Ltd/The          | Bank of NT Butterfield & Son Ltd/The          | CUSIP: 000000000<br>LEI: 549300V8RVM0EMTDPF28 | Long             | EC               | CORP              | BM        |    221503 | NS      | $9506908.76   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Stride Inc                                    | Stride Inc                                    | CUSIP: 86333M108<br>LEI: 254900BRWS3AFONWU277 | Long             | EC               | CORP              | US        |     20342 | NS      | $3029737.48   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Sprott Inc                                    | Sprott Inc                                    | CUSIP: 852066208<br>LEI: 254900QHJAD5TP2JNM15 | Long             | EC               | CORP              | CA        |    246827 | NS      | $20514822.94  | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Reliance Inc                                  | Reliance Inc                                  | CUSIP: 759509102<br>LEI: 549300E287ZOFT3C5Z56 | Long             | EC               | CORP              | US        |      7725 | NS      | $2169411.75   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Monro Inc                                     | Monro Inc                                     | CUSIP: 610236101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     23004 | NS      | $413381.88    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Onto Innovation Inc                           | Onto Innovation Inc                           | CUSIP: 683344105<br>LEI: 254900RXZVN73CHOO062 | Long             | EC               | CORP              | US        |     35640 | NS      | $4605400.80   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Ingevity Corp                                 | Ingevity Corp                                 | CUSIP: 45688C107<br>LEI: 5493009UTFC4B5IMGF87 | Long             | EC               | CORP              | US        |    209034 | NS      | $11536586.46  | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Argan Inc                                     | Argan Inc                                     | CUSIP: 04010E109<br>LEI: 529900E4KZWBV9KGBS83 | Long             | EC               | CORP              | US        |     28903 | NS      | $7805255.15   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Element Solutions Inc                         | Element Solutions Inc                         | CUSIP: 28618M106<br>LEI: 549300FLGN6P5CU20J91 | Long             | EC               | CORP              | US        |    679001 | NS      | $17090455.17  | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Heidrick & Struggles International Inc        | Heidrick & Struggles International Inc        | CUSIP: 422819102<br>LEI: 5493006284N2J367VB57 | Long             | EC               | CORP              | US        |     34590 | NS      | $1721544.30   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| PAR Technology Corp                           | PAR Technology Corp                           | CUSIP: 698884103<br>LEI: 549300HYPTHBJQINVG57 | Long             | EC               | CORP              | US        |    389239 | NS      | $15406079.62  | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Otter Tail Corp                               | Otter Tail Corp                               | CUSIP: 689648103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     31892 | NS      | $2614187.24   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| RenaissanceRe Holdings Ltd                    | RenaissanceRe Holdings Ltd                    | CUSIP: 000000000<br>LEI: EK6GB9U3U58PDI411C94 | Long             | EC               | CORP              | BM        |     26495 | NS      | $6727875.35   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Arrow Electronics Inc                         | Arrow Electronics Inc                         | CUSIP: 042735100<br>LEI: 549300YNNLBXT8N8R512 | Long             | EC               | CORP              | US        |     21300 | NS      | $2577300.00   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Provident Financial Services Inc              | Provident Financial Services Inc              | CUSIP: 74386T105<br>LEI: 529900JOSO3SXEDVE477 | Long             | EC               | CORP              | US        |     44601 | NS      | $859907.28    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| SEI Investments Co                            | SEI Investments Co                            | CUSIP: 784117103<br>LEI: 5LJTIFADGZ6XH1RVOC11 | Long             | EC               | CORP              | US        |    264994 | NS      | $22484740.90  | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Timken Co/The                                 | Timken Co/The                                 | CUSIP: 887389104<br>LEI: B0I35MLPFXZSE70ASS73 | Long             | EC               | CORP              | US        |     68285 | NS      | $5133666.30   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| NextNav Inc                                   | NextNav Inc                                   | CUSIP: 65345N106<br>LEI: 549300X9CM76JRB02P70 | Long             | EC               | CORP              | US        |     33000 | NS      | $471900.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Karman Holdings Inc                           | Karman Holdings Inc                           | CUSIP: 485924104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     87974 | NS      | $6351722.80   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Cars.com Inc                                  | Cars.com Inc                                  | CUSIP: 14575E105<br>LEI: 5493002G6J07LNGX4M98 | Long             | EC               | CORP              | US        |     87927 | NS      | $1074467.94   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-28

**Name of Applicant:** ROYCE SMALL-CAP TRUST, INC.

**Signature:** John Schwartz

**Name of Signer:** John Schwartz

**Title:** Associate General Counsel