# EDGAR Filing Document

**Accession Number:** 0000356476
**File Stem:** 0001145549-25-052251
**Filing Date:** 2025-8
**Character Count:** 153218
**Document Hash:** 062f898f8eec5f90f4ef2fd76c8d3558
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-052251.hdr.sgml**: 20250821

**ACCESSION NUMBER**: 0001145549-25-052251

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250821

**DATE AS OF CHANGE**: 20250821

**PERIOD START**: 20251231

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-03364
- **FILM NUMBER:** 251239075

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

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

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

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

## Series and Classes Contracts Data

### Empower Small Cap Value Fund (Series ID: S000023729)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000069806 | Investor Class      | MXLSX           |
| C000155756 | Institutional Class | MXTFX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** Greenwood Village

  - **State:** CO

  - **Foreign country:** US

  - **Zip / Postal Code:** 80111

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

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

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

- **b. EDGAR series identifier (if any):** S000023729

- **c. LEI of Series:** 43HYQA27PJ3B14TLLC15

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $545199825.06

**Total Liabilities:** $2990199.45

**Net Assets:** $542209625.61

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000069806 | -4.64%               | 5.22%                | 3.87%                |
| Class ID C000155756 | -4.59%               | 5.31%                | 3.94%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-3125732.43             | $-15477092.89                              |
| Month 2  | $-3284676.66             | $23605274.74                               |
| Month 3  | $-3116185.83             | $19106110.74                               |

### Schedule of Portfolio Investments

| Name                                        | Title                                              | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Dreyfus Instl Resv                          | Dreyfus Instl Resv PFD GOVT INSTL                  | CUSIP: 26200X100<br>LEI: 549300FG0OZ5YKPLK622 | Long             | STIV             | RF                | US        |  16401772 | PA      | $16401772.16  | 3.02%             | 2025-07-01      | Variable      | 4.24%                 | No            |                  2 | On Loan: No      |
| ABM Industries Inc.                         | ABM Industries Inc. COM                            | CUSIP: 000957100<br>LEI: QF02R89VEIOROM77J447 | Long             | EC               | CORP              | US        |     11500 | NS      | $542915.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Asgn Incorporated                           | Asgn Incorporated COM                              | CUSIP: 00191U102<br>LEI: LZBNYYCBUKY537072438 | Long             | EC               | CORP              | US        |     13900 | NS      | $694027.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| AZZ Inc                                     | AZZ Inc COM                                        | CUSIP: 002474104<br>LEI: 549300HD1X2NFLWPYC83 | Long             | EC               | CORP              | US        |      1800 | NS      | $170064.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Accel Entertainment Inc                     | Accel Entertainment Inc COM CL A1                  | CUSIP: 00436Q106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     44800 | NS      | $527296.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Acadia Healthcare Company, Inc.             | Acadia Healthcare Company, Inc. COM                | CUSIP: 00404A109<br>LEI: 5493005CW985Y9D0NC11 | Long             | EC               | CORP              | US        |     32800 | NS      | $744232.00    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Advance Auto Parts Inc.                     | Advance Auto Parts Inc. COM USD0.0001              | CUSIP: 00751Y106<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | EC               | CORP              | US        |      8500 | NS      | $395165.00    | 0.07%             |  |  |  | No            |                  1 | On Loan: —       |
| Ambac Financial Group, Inc.                 | Ambac Financial Group, Inc. COM NEW                | CUSIP: 023139884<br>LEI: 5493000UC0RBBNDHI717 | Long             | EC               | CORP              | US        |     37100 | NS      | $263410.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Amentum Holdings, Inc.                      | Amentum Holdings, Inc. COM                         | CUSIP: 023939101<br>LEI: 2549009FJIBLW40CU216 | Long             | EC               | CORP              | US        |    147576 | NS      | $3484269.46   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| American Vanguard Corp.                     | American Vanguard Corp. COM                        | CUSIP: 030371108<br>LEI: 529900GWI78WZA5M9783 | Long             | EC               | CORP              | US        |     35700 | NS      | $139944.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Amphastar Pharmaceuticals Inc               | Amphastar Pharmaceuticals Inc COM                  | CUSIP: 03209R103<br>LEI: 54930055TH0ZLSAQMJ38 | Long             | EC               | CORP              | US        |     20700 | NS      | $475272.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Antero Resources Corporation                | Antero Resources Corporation COM                   | CUSIP: 03674X106<br>LEI: APVBKPOULHUX7YZLKU17 | Long             | EC               | CORP              | US        |    128883 | NS      | $5191407.17   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Arcosa Inc                                  | Arcosa Inc COM                                     | CUSIP: 039653100<br>LEI: 549300WFHLTCZV7D6V29 | Long             | EC               | CORP              | US        |     47528 | NS      | $4121152.91   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Atkore Inc                                  | Atkore Inc COM                                     | CUSIP: 047649108<br>LEI: 52990002TI38AM4RPV48 | Long             | EC               | CORP              | US        |      7900 | NS      | $557345.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Aviat Networks Inc.                         | Aviat Networks Inc. COM NEW                        | CUSIP: 05366Y201<br>LEI: 549300Z3X8Z4MK52CI65 | Long             | EC               | CORP              | US        |      8400 | NS      | $202020.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Cactus Inc                                  | Cactus Inc CL A                                    | CUSIP: 127203107<br>LEI: 549300J3T8C9F8QFKV08 | Long             | EC               | CORP              | US        |      7500 | NS      | $327900.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Civista Bancshares Inc.                     | Civista Bancshares Inc. COM NO PAR                 | CUSIP: 178867107<br>LEI: 5493001LX61Z2UVYSC48 | Long             | EC               | CORP              | US        |      8000 | NS      | $185600.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Connectone Bancorp Inc.                     | Connectone Bancorp Inc. COM                        | CUSIP: 20786W107<br>LEI: 549300E2M5ZYAZKUK134 | Long             | EC               | CORP              | US        |     32545 | NS      | $753742.20    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Crane NXT Co                                | Crane NXT Co COM                                   | CUSIP: 224441105<br>LEI: 549300EXNPSXEWUD3N21 | Long             | EC               | CORP              | US        |     65694 | NS      | $3540906.61   | 0.65%             |  |  |  | No            |                  1 | On Loan: —       |
| Crocs Inc                                   | Crocs Inc COM                                      | CUSIP: 227046109<br>LEI: 549300B0J6YCXD63OG72 | Long             | EC               | CORP              | US        |     29855 | NS      | $3023714.41   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| El Pollo Loco Holdings Inc                  | El Pollo Loco Holdings Inc COM                     | CUSIP: 268603107<br>LEI: 549300EZCBNF4G707K90 | Long             | EC               | CORP              | US        |     29600 | NS      | $325896.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| First Busey Corporation                     | First Busey Corporation COM NEW                    | CUSIP: 319383204<br>LEI: 549300X4ZNLYSX7GUY60 | Long             | EC               | CORP              | US        |    123347 | NS      | $2822796.10   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| First Mid Bancshares Inc.                   | First Mid Bancshares Inc. COM                      | CUSIP: 320866106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4600 | NS      | $172454.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Gentex Corp                                 | Gentex Corp COM                                    | CUSIP: 371901109<br>LEI: 549300S3UD8XV1MN0287 | Long             | EC               | CORP              | US        |     31700 | NS      | $697083.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Goodyear Tire & Rubber Co. The              | Goodyear Tire & Rubber Co. The COM                 | CUSIP: 382550101<br>LEI: 5493002BI0S2ZQUY3437 | Long             | EC               | CORP              | US        |     33500 | NS      | $347395.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Granite Point Mortgage Trust Inc            | Granite Point Mortgage Trust Inc COM STK           | CUSIP: 38741L107<br>LEI: 529900VX2HQZ76AYIE02 | Long             | EC               | CORP              | US        |     83250 | NS      | $205627.50    | 0.04%             |  |  |  | No            |                  1 | On Loan: —       |
| The Greenbrier Companies, Inc.              | The Greenbrier Companies, Inc. COM                 | CUSIP: 393657101<br>LEI: 5493001GAGGFR30BP390 | Long             | EC               | CORP              | US        |     15000 | NS      | $690750.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Griffon Corp                                | Griffon Corp COM                                   | CUSIP: 398433102<br>LEI: 5493000C2SGNC7ZN3242 | Long             | EC               | CORP              | US        |     52554 | NS      | $3803333.06   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Group 1 Automotive, Inc.                    | Group 1 Automotive, Inc. COM                       | CUSIP: 398905109<br>LEI: 549300US8QAZJLWYAF63 | Long             | EC               | CORP              | US        |      1120 | NS      | $489115.19    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Addus Homecare Corp                         | Addus Homecare Corp COM                            | CUSIP: 006739106<br>LEI: 52990090ZT33AKPDBX62 | Long             | EC               | CORP              | US        |     25770 | NS      | $2968446.37   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Albany International Corp.                  | Albany International Corp. CL A                    | CUSIP: 012348108<br>LEI: L73WCPNCZIRSQGZTW097 | Long             | EC               | CORP              | US        |      9800 | NS      | $687274.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Haemonetics Corp                            | Haemonetics Corp COM                               | CUSIP: 405024100<br>LEI: 549300ZEL6TXZS6F5F95 | Long             | EC               | CORP              | US        |     56347 | NS      | $4204049.70   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Harley-Davidson, Inc.                       | Harley-Davidson, Inc. COM                          | CUSIP: 412822108<br>LEI: ZDNAWZWXIKMWI51R2A08 | Long             | EC               | CORP              | US        |     28900 | NS      | $682040.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Alexanders Inc                              | Alexanders Inc COM                                 | CUSIP: 014752109<br>LEI: 549300TZM28P04U5R635 | Long             | EC               | CORP              | US        |      1500 | NS      | $337980.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Bread Financial Holdings Inc                | Bread Financial Holdings Inc COM USD0.01           | CUSIP: 018581108<br>LEI: 549300G8S4PO686J7H97 | Long             | EC               | CORP              | US        |     12200 | NS      | $696864.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Haverty Furniture Cos Inc                   | Haverty Furniture Cos Inc COM                      | CUSIP: 419596101<br>LEI: 529900CVFMMIRXZVPD70 | Long             | EC               | CORP              | US        |     25700 | NS      | $522995.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Healthcare Services Group Inc.              | Healthcare Services Group Inc. COM                 | CUSIP: 421906108<br>LEI: 529900GVZ1D2FBYMS719 | Long             | EC               | CORP              | US        |     62400 | NS      | $937872.00    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Heartland Express Inc.                      | Heartland Express Inc. COM                         | CUSIP: 422347104<br>LEI: 5299005V45FZIQGLOG39 | Long             | EC               | CORP              | US        |     38900 | NS      | $336096.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Home Bancorp Inc.                           | Home Bancorp Inc. COM                              | CUSIP: 43689E107<br>LEI: 5493008ATL42O3U2YM84 | Long             | EC               | CORP              | US        |      2800 | NS      | $144984.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Hope Bancorp Inc                            | Hope Bancorp Inc COM                               | CUSIP: 43940T109<br>LEI: 549300UTF4QGMBHIZ219 | Long             | EC               | CORP              | US        |     65800 | NS      | $706034.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Horace Mann Educators Corporation           | Horace Mann Educators Corporation COM              | CUSIP: 440327104<br>LEI: 254900G5YAV3A2YK8T32 | Long             | EC               | CORP              | US        |     15900 | NS      | $683223.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Innospec Inc                                | Innospec Inc COM                                   | CUSIP: 45768S105<br>LEI: 213800SQBACNY5IWJO68 | Long             | EC               | CORP              | US        |      4100 | NS      | $344769.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Insteel Industries Inc.                     | Insteel Industries Inc. COM                        | CUSIP: 45774W108<br>LEI: 52990026LKY4MOX3L174 | Long             | EC               | CORP              | US        |      9100 | NS      | $338611.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Insperity Inc                               | Insperity Inc COM                                  | CUSIP: 45778Q107<br>LEI: 5299000Q0KW7HY5DB751 | Long             | EC               | CORP              | US        |     11600 | NS      | $697392.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Interparfums Inc                            | Interparfums Inc COM                               | CUSIP: 458334109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1200 | NS      | $157572.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Itron, Inc.                                 | Itron, Inc. COM                                    | CUSIP: 465741106<br>LEI: 24F6LSZD18II6ICG6S41 | Long             | EC               | CORP              | US        |      3200 | NS      | $421216.00    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Kennametal Inc                              | Kennametal Inc COM                                 | CUSIP: 489170100<br>LEI: 549300GZDSG25XUV0Y08 | Long             | EC               | CORP              | US        |     14700 | NS      | $337512.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Vital Energy Inc                            | Vital Energy Inc COM                               | CUSIP: 516806205<br>LEI: 549300X0PTWU2QSLSL14 | Long             | EC               | CORP              | US        |     37800 | NS      | $608202.00    | 0.11%             |  |  |  | No            |                  1 | On Loan: —       |
| Laureate Education, Inc.                    | Laureate Education, Inc. COMMON STOCK              | CUSIP: 518613203<br>LEI: 5JL7TMOH5TY3IUYSUP91 | Long             | EC               | CORP              | US        |     22300 | NS      | $521374.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| ANI Pharmaceuticals Inc.                    | ANI Pharmaceuticals Inc. COM                       | CUSIP: 00182C103<br>LEI: 5493000T6CXTND40YH31 | Long             | EC               | CORP              | US        |     54502 | NS      | $3556255.50   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Academy Sports and Outdoors Inc             | Academy Sports and Outdoors Inc COM                | CUSIP: 00402L107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     36091 | NS      | $1617237.71   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Advansix Inc                                | Advansix Inc COM                                   | CUSIP: 00773T101<br>LEI: 5493009TPRODMCAZLF67 | Long             | EC               | CORP              | US        |     13200 | NS      | $313500.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Agree Realty Corp                           | Agree Realty Corp COM                              | CUSIP: 008492100<br>LEI: 98450090H010B37OEB68 | Long             | EC               | CORP              | US        |     41275 | NS      | $3015551.50   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Alight Inc                                  | Alight Inc COM CL A                                | CUSIP: 01626W101<br>LEI: 549300600ESCO1HTVN74 | Long             | EC               | CORP              | US        |    588107 | NS      | $3328685.54   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Leggett & Platt Inc.                        | Leggett & Platt Inc. COM                           | CUSIP: 524660107<br>LEI: DKOVQUCDW4ZLYCUD4T55 | Long             | EC               | CORP              | US        |     40200 | NS      | $358584.00    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Lincoln National Corp.                      | Lincoln National Corp. COM                         | CUSIP: 534187109<br>LEI: EFQMQROEDSNBRIP7LE47 | Long             | EC               | CORP              | US        |     10400 | NS      | $359840.00    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Allison Transmission Holdings Inc           | Allison Transmission Holdings Inc COM              | CUSIP: 01973R101<br>LEI: 529900RP7DJ882LI9T83 | Long             | EC               | CORP              | US        |     33116 | NS      | $3145688.76   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| The Andersons Inc                           | The Andersons Inc COM NPV                          | CUSIP: 034164103<br>LEI: L38MWB8MVRFV7HVJPU11 | Long             | EC               | CORP              | US        |     10500 | NS      | $385875.00    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Astrana Health Inc                          | Astrana Health Inc COM NEW                         | CUSIP: 03763A207<br>LEI: 5493008O4R82Q4STJ936 | Long             | EC               | CORP              | US        |     14100 | NS      | $350808.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Asbury Automotive Group, Inc.               | Asbury Automotive Group, Inc. COM USD0.01          | CUSIP: 043436104<br>LEI: 549300JH4DTA7U42GL91 | Long             | EC               | CORP              | US        |      1400 | NS      | $333956.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Adeia Inc.                                  | Adeia Inc. COM                                     | CUSIP: 00676P107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     39500 | NS      | $558530.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Adtalem Global Education Inc                | Adtalem Global Education Inc COM                   | CUSIP: 00737L103<br>LEI: 549300Z467EZLMODV621 | Long             | EC               | CORP              | US        |      1600 | NS      | $203568.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlanta Braves Holdings Inc                 | Atlanta Braves Holdings Inc COM SER C              | CUSIP: 047726302<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     82534 | NS      | $3860115.19   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Baycom Corp                                 | Baycom Corp COM                                    | CUSIP: 07272M107<br>LEI: 549300UOLS54Q5ONIG33 | Long             | EC               | CORP              | US        |      5400 | NS      | $149634.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| AerSale Corporation                         | AerSale Corporation COM                            | CUSIP: 00810F106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     57700 | NS      | $346777.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Air Lease Corporation                       | Air Lease Corporation CL A                         | CUSIP: 00912X302<br>LEI: 5493004NW4M4P8TMMK63 | Long             | EC               | CORP              | US        |     79792 | NS      | $4667034.04   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| BEL Fuse Inc                                | BEL Fuse Inc CLASS'B'SHS USD0.1                    | CUSIP: 077347300<br>LEI: 2549009L4XYDBRRY6X39 | Long             | EC               | CORP              | US        |     48886 | NS      | $4775673.15   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Belden Inc.                                 | Belden Inc. COM                                    | CUSIP: 077454106<br>LEI: 68BKYO1JC791TTJHUE82 | Long             | EC               | CORP              | US        |      1500 | NS      | $173700.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Lindsay Corp                                | Lindsay Corp COM                                   | CUSIP: 535555106<br>LEI: 549300ZFO0QG5H8TPI61 | Long             | EC               | CORP              | US        |      3900 | NS      | $562575.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| MDU Resources Group, Inc.                   | MDU Resources Group, Inc. COM                      | CUSIP: 552690109<br>LEI: 549300MA0UV6AI6SNV27 | Long             | EC               | CORP              | US        |    222257 | NS      | $3705024.21   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Boot Barn Holdings Inc                      | Boot Barn Holdings Inc COM                         | CUSIP: 099406100<br>LEI: 529900QE1BFMYA3N4E71 | Long             | EC               | CORP              | US        |     17905 | NS      | $2721560.00   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Bridgewater Bancshares Inc.                 | Bridgewater Bancshares Inc. COM                    | CUSIP: 108621103<br>LEI: 5493001FLSBTVILKXZ71 | Long             | EC               | CORP              | US        |     11000 | NS      | $175010.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| BrightSpire Capital Inc                     | BrightSpire Capital Inc COM CL A                   | CUSIP: 10949T109<br>LEI: 549300BOIFLLMVU37752 | Long             | EC               | CORP              | US        |     64900 | NS      | $327745.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: —       |
| CECO Environmental Corp.                    | CECO Environmental Corp. COM                       | CUSIP: 125141101<br>LEI: 5493002CZCTL4HGLIY91 | Long             | EC               | CORP              | US        |    112157 | NS      | $3175164.73   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| MGIC Investment Corp.                       | MGIC Investment Corp. COM                          | CUSIP: 552848103<br>LEI: 254900S8483WM4M98R28 | Long             | EC               | CORP              | US        |     20100 | NS      | $559584.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| M/I Homes Inc.                              | M/I Homes Inc. COM                                 | CUSIP: 55305B101<br>LEI: 5299005M71FH9CCSFB69 | Long             | EC               | CORP              | US        |      3000 | NS      | $336360.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameris Bancorp                              | Ameris Bancorp COM                                 | CUSIP: 03076K108<br>LEI: PBJHNT51T5V6G5UQFV42 | Long             | EC               | CORP              | US        |     70021 | NS      | $4530358.72   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Armstrong World Industries, Inc.            | Armstrong World Industries, Inc. COM               | CUSIP: 04247X102<br>LEI: KXMRXXOJ88Q45Y45MG74 | Long             | EC               | CORP              | US        |      3200 | NS      | $519808.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| MSC Industrial Direct Co Inc.               | MSC Industrial Direct Co Inc. CL A                 | CUSIP: 553530106<br>LEI: 0XVKH0LN6YGOWO2EGO17 | Long             | EC               | CORP              | US        |      8400 | NS      | $714168.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| ManpowerGroup Inc.                          | ManpowerGroup Inc. COM                             | CUSIP: 56418H100<br>LEI: ERO1WSFOSR0JJ6CRQ987 | Long             | EC               | CORP              | US        |     17600 | NS      | $711040.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| McGrath RentCorp.                           | McGrath RentCorp. COM                              | CUSIP: 580589109<br>LEI: 254900EUH6IPWFQ83445 | Long             | EC               | CORP              | US        |     31573 | NS      | $3661205.08   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Mercury General Corporation                 | Mercury General Corporation COM                    | CUSIP: 589400100<br>LEI: 5493001Q9EXPCEL4W527 | Long             | EC               | CORP              | US        |      3300 | NS      | $222222.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| BankUnited Inc.                             | BankUnited Inc. COM                                | CUSIP: 06652K103<br>LEI: 96OVUWEW5D4YX6PFXD91 | Long             | EC               | CORP              | US        |     19900 | NS      | $708241.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Blue Bird Corp.                             | Blue Bird Corp. COM                                | CUSIP: 095306106<br>LEI: 5493004ZXJUUWQ65ER59 | Long             | EC               | CORP              | US        |     95239 | NS      | $4110515.19   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| CVR Energy Inc.                             | CVR Energy Inc. COM                                | CUSIP: 12662P108<br>LEI: 529900SOYZIXZBTXB558 | Long             | EC               | CORP              | US        |     32500 | NS      | $872625.00    | 0.16%             |  |  |  | No            |                  1 | On Loan: —       |
| Cadence Bank                                | Cadence Bank COM                                   | CUSIP: 12740C103<br>LEI: Q7C315HKI8VX0SSKBS64 | Long             | EC               | CORP              | US        |    100637 | NS      | $3218371.27   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Brinks Company                              | Brinks Company COM                                 | CUSIP: 109696104<br>LEI: XFP140TFNOQMIVFTVQ13 | Long             | EC               | CORP              | US        |      8000 | NS      | $714320.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| CNB Financial Corp (Pennsylvania)           | CNB Financial Corp (Pennsylvania) COM              | CUSIP: 126128107<br>LEI: 254900RUYUOKD91VNX69 | Long             | EC               | CORP              | US        |     15400 | NS      | $352044.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: —       |
| Camden National Corp.                       | Camden National Corp. COM                          | CUSIP: 133034108<br>LEI: 549300ZVEDL2L8UW4F28 | Long             | EC               | CORP              | US        |      8200 | NS      | $332756.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Carter Bankshares Inc.                      | Carter Bankshares Inc. COM NEW                     | CUSIP: 146103106<br>LEI: 549300SO0M022D8D8358 | Long             | EC               | CORP              | US        |      9500 | NS      | $164730.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Dave & Buster's Entertainment Inc           | Dave & Buster's Entertainment Inc COM              | CUSIP: 238337109<br>LEI: 529900WTVU85QZLYHR86 | Long             | EC               | CORP              | US        |      8900 | NS      | $267712.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: —       |
| Denny's Corp.                               | Denny's Corp. COM                                  | CUSIP: 24869P104<br>LEI: 54930037V56XOULXM917 | Long             | EC               | CORP              | US        |    126300 | NS      | $517830.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Methode Electronics Inc.                    | Methode Electronics Inc. COM                       | CUSIP: 591520200<br>LEI: 529900VM413LGLUS3F07 | Long             | EC               | CORP              | US        |     72900 | NS      | $693279.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| MillerKnoll Inc.                            | MillerKnoll Inc. COM                               | CUSIP: 600544100<br>LEI: U98HXD3PNK7HYU2MU887 | Long             | EC               | CORP              | US        |     39600 | NS      | $769032.00    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Eagle Bancorp Inc                           | Eagle Bancorp Inc COM                              | CUSIP: 268948106<br>LEI: 549300B47NZODRMG3D47 | Long             | EC               | CORP              | US        |     30300 | NS      | $590244.00    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Emerald Holding Inc.                        | Emerald Holding Inc. COM                           | CUSIP: 29103W104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     26238 | NS      | $127254.30    | 0.02%             |  |  |  | No            |                  1 | On Loan: —       |
| Employers Holdings Inc.                     | Employers Holdings Inc. COM STK USD0.01            | CUSIP: 292218104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     19830 | NS      | $935579.41    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Excelerate Energy Inc.                      | Excelerate Energy Inc. CL A COM                    | CUSIP: 30069T101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11800 | NS      | $345976.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Fox Factory Holding Corporation             | Fox Factory Holding Corporation COM                | CUSIP: 35138V102<br>LEI: 529900GE1HSV0617R721 | Long             | EC               | CORP              | US        |     21300 | NS      | $552522.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Great Southern Bancorp Inc.                 | Great Southern Bancorp Inc. COM                    | CUSIP: 390905107<br>LEI: 5493000ZL7DLNMN1AB26 | Long             | EC               | CORP              | US        |      5600 | NS      | $329168.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Green Brick Partners Inc.                   | Green Brick Partners Inc. COM                      | CUSIP: 392709101<br>LEI: 549300R7SCIV7FQI6T56 | Long             | EC               | CORP              | US        |      5100 | NS      | $320688.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Heritage Commerce Corp.                     | Heritage Commerce Corp. COM                        | CUSIP: 426927109<br>LEI: 549300CLIS851ELSR406 | Long             | EC               | CORP              | US        |     71900 | NS      | $713967.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Monarch Casino & Resort Inc                 | Monarch Casino & Resort Inc COM                    | CUSIP: 609027107<br>LEI: 549300AK5FF7KY11V997 | Long             | EC               | CORP              | US        |      5600 | NS      | $484064.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Moog Inc.                                   | Moog Inc. CL A                                     | CUSIP: 615394202<br>LEI: 549300WM2I4U7OBAHG07 | Long             | EC               | CORP              | US        |     34569 | NS      | $6255951.82   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Cass Information Systems Inc.               | Cass Information Systems Inc. COM                  | CUSIP: 14808P109<br>LEI: 549300G7XPIPR7SJ2F38 | Long             | EC               | CORP              | US        |      7900 | NS      | $343255.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Central Pacific Financial Corp.             | Central Pacific Financial Corp. COM NEW            | CUSIP: 154760409<br>LEI: 549300W3YEAOZ4KGG849 | Long             | EC               | CORP              | US        |     19300 | NS      | $540979.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Murphy Oil Corporation                      | Murphy Oil Corporation COM                         | CUSIP: 626717102<br>LEI: QBKYQD0ODE7DC7PDIN91 | Long             | EC               | CORP              | US        |     29300 | NS      | $659250.00    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Myers Industries Inc.                       | Myers Industries Inc. COM                          | CUSIP: 628464109<br>LEI: 549300I2H9XMVTCW4Q51 | Long             | EC               | CORP              | US        |     42700 | NS      | $618723.00    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Clean Harbors, Inc.                         | Clean Harbors, Inc. COM                            | CUSIP: 184496107<br>LEI: 5493000SJVZVZJKHJF48 | Long             | EC               | CORP              | US        |     12131 | NS      | $2804444.58   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Columbus McKinnon Corp.                     | Columbus McKinnon Corp. COM                        | CUSIP: 199333105<br>LEI: 549300W3HQB0HO1F3G69 | Long             | EC               | CORP              | US        |     23800 | NS      | $363426.00    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| NBT Bancorp Inc                             | NBT Bancorp Inc COM                                | CUSIP: 628778102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3458 | NS      | $143679.91    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| NOV Inc.                                    | NOV Inc. COM                                       | CUSIP: 62955J103<br>LEI: 549300EHF3IW1AR6U008 | Long             | EC               | CORP              | US        |     51800 | NS      | $643874.00    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| National Presto Industries Inc.             | National Presto Industries Inc. COM                | CUSIP: 637215104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2500 | NS      | $244900.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| NPK International Inc.                      | NPK International Inc. COM SHS                     | CUSIP: 651718504<br>LEI: 54930073OHWDQW4DJN26 | Long             | EC               | CORP              | US        |    393994 | NS      | $3352888.96   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Nextracker Inc.                             | Nextracker Inc. CLASS A COM                        | CUSIP: 65290E101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     15100 | NS      | $820987.00    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Northeast Bank                              | Northeast Bank COM                                 | CUSIP: 66405S100<br>LEI: 549300F0LV9TSW34E306 | Long             | EC               | CORP              | US        |      1407 | NS      | $125208.93    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Northfield Bancorp Inc.                     | Northfield Bancorp Inc. COM                        | CUSIP: 66611T108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     45700 | NS      | $524636.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Oceaneering International, Inc.             | Oceaneering International, Inc. COM                | CUSIP: 675232102<br>LEI: 549300L6PH74701W0R30 | Long             | EC               | CORP              | US        |     52476 | NS      | $1087302.70   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Olin Corporation                            | Olin Corporation COM PAR $1                        | CUSIP: 680665205<br>LEI: 549300GKK294V7W57P06 | Long             | EC               | CORP              | US        |     35000 | NS      | $703150.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Otter Tail Corporation                      | Otter Tail Corporation COM                         | CUSIP: 689648103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6600 | NS      | $508794.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Community Trust Bancorp Inc                 | Community Trust Bancorp Inc COM                    | CUSIP: 204149108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7000 | NS      | $370440.00    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Diodes Incorporated                         | Diodes Incorporated COM                            | CUSIP: 254543101<br>LEI: 549300XP2X1ARVH3BX23 | Long             | EC               | CORP              | US        |      7900 | NS      | $417831.00    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Oxford Industries, Inc.                     | Oxford Industries, Inc. COM                        | CUSIP: 691497309<br>LEI: IDZ20O0XD3GS4UOI2L88 | Long             | EC               | CORP              | US        |     17000 | NS      | $684250.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| PBF Energy Inc                              | PBF Energy Inc CL A                                | CUSIP: 69318G106<br>LEI: 2549003PBEDCSZMZIY02 | Long             | EC               | CORP              | US        |     34800 | NS      | $754116.00    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Papa John's International Inc.              | Papa John's International Inc. COM                 | CUSIP: 698813102<br>LEI: HZYLD3DK5XOX0WBVNB56 | Long             | EC               | CORP              | US        |      4400 | NS      | $215336.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Phinia Inc.                                 | Phinia Inc. COMMON STOCK                           | CUSIP: 71880K101<br>LEI: 254900HG6MORZE1FFM18 | Long             | EC               | CORP              | US        |      8000 | NS      | $355920.00    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Heritage Financial Corp.                    | Heritage Financial Corp. COM                       | CUSIP: 42722X106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     14700 | NS      | $350448.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Hilltop Holdings Inc                        | Hilltop Holdings Inc COM                           | CUSIP: 432748101<br>LEI: 54930010TA543US0PM65 | Long             | EC               | CORP              | US        |     23000 | NS      | $698050.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Douglas Dynamics Inc.                       | Douglas Dynamics Inc. COM                          | CUSIP: 25960R105<br>LEI: 529900CDFLKNQ0QT6580 | Long             | EC               | CORP              | US        |     20000 | NS      | $589400.00    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Douglas Elliman Inc                         | Douglas Elliman Inc COM                            | CUSIP: 25961D105<br>LEI: 549300BXICHPOXA1NO93 | Long             | EC               | CORP              | US        |     86600 | NS      | $200912.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Embecta Corp.                               | Embecta Corp. COMMON STOCK                         | CUSIP: 29082K105<br>LEI: 549300RPG8GXVDHNXZ62 | Long             | EC               | CORP              | US        |     53809 | NS      | $521409.22    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Euronet Worldwide, Inc.                     | Euronet Worldwide, Inc. COM USD0.02                | CUSIP: 298736109<br>LEI: YG3575C4DSHJPA5KET68 | Long             | EC               | CORP              | US        |      6500 | NS      | $658970.00    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Amerant Bancorp Inc.                        | Amerant Bancorp Inc. CL A                          | CUSIP: 023576101<br>LEI: 54930071V6LIG79MTL10 | Long             | EC               | CORP              | US        |     29900 | NS      | $545077.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| American Assets Trust Inc.                  | American Assets Trust Inc. COM                     | CUSIP: 024013104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16900 | NS      | $333775.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| American Woodmark Corporation               | American Woodmark Corporation COM                  | CUSIP: 030506109<br>LEI: 5299007PFSDWMA74RB56 | Long             | EC               | CORP              | US        |      9800 | NS      | $523026.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Apogee Enterprises Inc.                     | Apogee Enterprises Inc. COM                        | CUSIP: 037598109<br>LEI: 549300579S7QW8V4IJ60 | Long             | EC               | CORP              | US        |     13100 | NS      | $531860.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Financial Institutions Inc.                 | Financial Institutions Inc. COM                    | CUSIP: 317585404<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     20300 | NS      | $521304.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| First Hawaiian Inc.                         | First Hawaiian Inc. COM                            | CUSIP: 32051X108<br>LEI: 5493002DJSH46F5OLV06 | Long             | EC               | CORP              | US        |     28600 | NS      | $713856.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Photronics Inc.                             | Photronics Inc. COM                                | CUSIP: 719405102<br>LEI: 549300OK5JVNIBNY6F63 | Long             | EC               | CORP              | US        |     27500 | NS      | $517825.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Plexus Corp                                 | Plexus Corp COM                                    | CUSIP: 729132100<br>LEI: 549300W7HCBI5YT25I79 | Long             | EC               | CORP              | US        |      3791 | NS      | $512960.20    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Horizon Bancorp Inc.                        | Horizon Bancorp Inc. COM                           | CUSIP: 440407104<br>LEI: 549300U2OQ2EIT5MXG39 | Long             | EC               | CORP              | US        |     34200 | NS      | $525996.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Huron Consulting Group Inc.                 | Huron Consulting Group Inc. COM                    | CUSIP: 447462102<br>LEI: 549300NGVB9H6TKTLE36 | Long             | EC               | CORP              | US        |      2000 | NS      | $275080.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Apollo Commercial Real Estate Finance, Inc. | Apollo Commercial Real Estate Finance, Inc. COM    | CUSIP: 03762U105<br>LEI: 549300E0AN7M2AQHSY29 | Long             | EC               | CORP              | US        |     39500 | NS      | $382360.00    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Ares Commercial Real Estate Corporation     | Ares Commercial Real Estate Corporation COM        | CUSIP: 04013V108<br>LEI: 549300ZNO5IWXS443S81 | Long             | EC               | CORP              | US        |     69800 | NS      | $332946.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: —       |
| First Interstate Bancsystem Inc.            | First Interstate Bancsystem Inc. COM               | CUSIP: 32055Y201<br>LEI: 549300WRWYTYX0RCNJ43 | Long             | EC               | CORP              | US        |     16100 | NS      | $464002.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Garrett Motion Inc                          | Garrett Motion Inc COM                             | CUSIP: 366505105<br>LEI: 549300LS5WT7EMBNV724 | Long             | EC               | CORP              | US        |    428115 | NS      | $4499488.77   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| IPG Photonics Corp                          | IPG Photonics Corp COM                             | CUSIP: 44980X109<br>LEI: 5493002KZ51CADQ94G15 | Long             | EC               | CORP              | US        |      8000 | NS      | $549200.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Janus International Group Inc               | Janus International Group Inc COMMON STOCK         | CUSIP: 47103N106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     88000 | NS      | $716320.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| KB Home                                     | KB Home COM STK USD1                               | CUSIP: 48666K109<br>LEI: 549300LGUCWQURMWLG09 | Long             | EC               | CORP              | US        |     51629 | NS      | $2734788.16   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Kyndryl Holdings Inc                        | Kyndryl Holdings Inc COMMON STOCK                  | CUSIP: 50155Q100<br>LEI: 549300LQ4LWX2R8ZV130 | Long             | EC               | CORP              | US        |     95010 | NS      | $3986619.66   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Polaris Inc.                                | Polaris Inc. COM                                   | CUSIP: 731068102<br>LEI: 549300QJSN8UVWN1EI78 | Long             | EC               | CORP              | US        |     16900 | NS      | $686985.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: —       |
| Portland General Electric Company           | Portland General Electric Company COM NEW          | CUSIP: 736508847<br>LEI: GJOUP9M7C39GLSK9R870 | Long             | EC               | CORP              | US        |     16700 | NS      | $678521.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Powell Industries Inc.                      | Powell Industries Inc. COM                         | CUSIP: 739128106<br>LEI: 549300V08RO7MX2UBN26 | Long             | EC               | CORP              | US        |     13213 | NS      | $2780675.88   | 0.51%             |  |  |  | No            |                  1 | On Loan: —       |
| Prosperity Bancshares Inc                   | Prosperity Bancshares Inc COM                      | CUSIP: 743606105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     60275 | NS      | $4233716.00   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Global Industrial Company                   | Global Industrial Company COM                      | CUSIP: 37892E102<br>LEI: 5493000GO8Z3HEWCGE46 | Long             | EC               | CORP              | US        |     21275 | NS      | $574637.75    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| The Hain Celestial Group Inc.               | The Hain Celestial Group Inc. COM USD0.01          | CUSIP: 405217100<br>LEI: 5493000S8QXWHLIXDP75 | Long             | EC               | CORP              | US        |     91900 | NS      | $139688.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Live Oak Bancshares Inc                     | Live Oak Bancshares Inc COM                        | CUSIP: 53803X105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     15700 | NS      | $467860.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Marcus & Millichap Inc                      | Marcus & Millichap Inc COM                         | CUSIP: 566324109<br>LEI: 549300B2HE8ULXNB1N48 | Long             | EC               | CORP              | US        |     10900 | NS      | $334739.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Hanmi Financial Corp.                       | Hanmi Financial Corp. COM USD0.001                 | CUSIP: 410495204<br>LEI: 549300MSZ7RCG7EA6587 | Long             | EC               | CORP              | US        |     82259 | NS      | $2030152.13   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Hillenbrand, Inc.                           | Hillenbrand, Inc. COM                              | CUSIP: 431571108<br>LEI: U246OE781574J2BUD366 | Long             | EC               | CORP              | US        |     35500 | NS      | $712485.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Ingevity Corporation                        | Ingevity Corporation COM                           | CUSIP: 45688C107<br>LEI: 5493009UTFC4B5IMGF87 | Long             | EC               | CORP              | US        |      7800 | NS      | $336102.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Interface, Inc.                             | Interface, Inc. COM                                | CUSIP: 458665304<br>LEI: 549300VXZWQOIDFPU355 | Long             | EC               | CORP              | US        |      7700 | NS      | $161161.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Quanex Building Products Corp.              | Quanex Building Products Corp. COM                 | CUSIP: 747619104<br>LEI: 5493000TL30VL5WOAW87 | Long             | EC               | CORP              | US        |    144573 | NS      | $2732429.73   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| RPC Inc                                     | RPC Inc COM                                        | CUSIP: 749660106<br>LEI: 549300ZDXAFBC3SB4918 | Long             | EC               | CORP              | US        |    107600 | NS      | $508948.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| I3 Verticals INC                            | I3 Verticals INC COM CL A                          | CUSIP: 46571Y107<br>LEI: 549300944CYWVP06CJ97 | Long             | EC               | CORP              | US        |     52696 | NS      | $1448086.12   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson Outdoors Inc.                       | Johnson Outdoors Inc. CL A                         | CUSIP: 479167108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11700 | NS      | $354159.00    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Kforce Inc                                  | Kforce Inc COM USD0.01                             | CUSIP: 493732101<br>LEI: 5493003RDQQDVXY2SK46 | Long             | EC               | CORP              | US        |     16800 | NS      | $690984.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Kimball Electronics Inc.                    | Kimball Electronics Inc. COM                       | CUSIP: 49428J109<br>LEI: 549300COBYN2GZCBIU87 | Long             | EC               | CORP              | US        |     19500 | NS      | $374985.00    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Marriott Vacations Worldwide Corp           | Marriott Vacations Worldwide Corp COM              | CUSIP: 57164Y107<br>LEI: 549300WA6BT5H4F7IO94 | Long             | EC               | CORP              | US        |     10300 | NS      | $744793.00    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Mercantile Bank Corp.                       | Mercantile Bank Corp. COM                          | CUSIP: 587376104<br>LEI: P16VZZCKTJ5IONL6XE37 | Long             | EC               | CORP              | US        |      7700 | NS      | $357357.00    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Mid Penn Bancorp Inc.                       | Mid Penn Bancorp Inc. COM                          | CUSIP: 59540G107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6200 | NS      | $174840.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| National CineMedia Inc                      | National CineMedia Inc COM NEW                     | CUSIP: 635309206<br>LEI: 5493000MOLIVSOGKEB48 | Long             | EC               | CORP              | US        |     28300 | NS      | $137113.50    | 0.03%             |  |  |  | No            |                  1 | On Loan: —       |
| Northwest Natural Holding Company           | Northwest Natural Holding Company COM              | CUSIP: 66765N105<br>LEI: 254900PSJL6ZEC8FR782 | Long             | EC               | CORP              | US        |     16900 | NS      | $671268.00    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| PetMed Express Inc.                         | PetMed Express Inc. COM USD0.001                   | CUSIP: 716382106<br>LEI: 529900PGHW5ASJ1AZL48 | Long             | EC               | CORP              | US        |     59300 | NS      | $196876.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Potlatchdeltic Corp.                        | Potlatchdeltic Corp. COM                           | CUSIP: 737630103<br>LEI: 54930084YA8UJOTXDM59 | Long             | EC               | CORP              | US        |     79121 | NS      | $3035872.77   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Provident Financial Services Inc.           | Provident Financial Services Inc. COM USD0.01      | CUSIP: 74386T105<br>LEI: 529900JOSO3SXEDVE477 | Long             | EC               | CORP              | US        |     41103 | NS      | $720535.60    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Rex American Resources Corp                 | Rex American Resources Corp COM                    | CUSIP: 761624105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     14800 | NS      | $720908.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Sanmina Corp                                | Sanmina Corp COM                                   | CUSIP: 801056102<br>LEI: X5K24XLM8QYRXF00EB42 | Long             | EC               | CORP              | US        |      4300 | NS      | $420669.00    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Shutterstock Inc                            | Shutterstock Inc COM                               | CUSIP: 825690100<br>LEI: 529900G2TDIS56V0LO22 | Long             | EC               | CORP              | US        |     33400 | NS      | $633264.00    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Skyward Specialty Insurance Group Inc       | Skyward Specialty Insurance Group Inc COM          | CUSIP: 830940102<br>LEI: 549300GXGXJG0YH4VN21 | Long             | EC               | CORP              | US        |     75993 | NS      | $4391635.42   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Tri Pointe Homes Inc                        | Tri Pointe Homes Inc COM                           | CUSIP: 87265H109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     14700 | NS      | $469665.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Tidewater Inc New                           | Tidewater Inc New COM                              | CUSIP: 88642R109<br>LEI: 2549000JA5GRUPLMUH98 | Long             | EC               | CORP              | US        |     60934 | NS      | $2810885.40   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Veritex Hldgs Inc                           | Veritex Hldgs Inc COM                              | CUSIP: 923451108<br>LEI: 549300F3SMOML02SC814 | Long             | EC               | CORP              | US        |     26300 | NS      | $686430.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Visteon Corporation                         | Visteon Corporation COM NEW                        | CUSIP: 92839U206<br>LEI: 549300MOVLYHRW4GGW78 | Long             | EC               | CORP              | US        |      5800 | NS      | $541140.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Wintrust Financial Corporation              | Wintrust Financial Corporation COM NPV             | CUSIP: 97650W108<br>LEI: Q774KI4AW80FHFW33O61 | Long             | EC               | CORP              | US        |     47159 | NS      | $5846772.95   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| LivaNova PLC                                | LivaNova PLC ORD GBP1.00 (DI)                      | CUSIP: G5509L101<br>LEI: 2138001K2FX6SHK2B339 | Long             | EC               | CORP              | GB        |     15500 | NS      | $697810.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Nomad Foods Ltd.                            | Nomad Foods Ltd. USD ORD SHS                       | CUSIP: G6564A105<br>LEI: 5493000ZZ1837DS2SI43 | Long             | EC               | CORP              | VG        |    221714 | NS      | $3766920.88   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Signet Jewelers Limited                     | Signet Jewelers Limited COM STK USD0.18            | CUSIP: G81276100<br>LEI: 549300N3XPGE91WV7M22 | Long             | EC               | CORP              | BM        |      7900 | NS      | $628445.00    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Arrow Electronics, Inc.                     | Arrow Electronics, Inc. COM                        | CUSIP: 042735100<br>LEI: 549300YNNLBXT8N8R512 | Long             | EC               | CORP              | US        |      4100 | NS      | $522463.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Arrow Financial Corp.                       | Arrow Financial Corp. COM                          | CUSIP: 042744102<br>LEI: 2549007Z8GI9ZZIQ1817 | Long             | EC               | CORP              | US        |      5800 | NS      | $153236.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Kodiak Gas Services Inc.                    | Kodiak Gas Services Inc. COM                       | CUSIP: 50012A108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     99381 | NS      | $3405786.85   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Korn Ferry                                  | Korn Ferry COM USD0.01                             | CUSIP: 500643200<br>LEI: 549300FOD20OM0GT5G40 | Long             | EC               | CORP              | US        |     55069 | NS      | $4038209.82   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Inmode Limited                              | Inmode Limited SHS                                 | CUSIP: M5425M103<br>LEI: 984500DD95A35E9BD358 | Long             | EC               | CORP              | IL        |     50600 | NS      | $730664.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Expro Group Holdings NV                     | Expro Group Holdings NV EUR0.01                    | CUSIP: N3144W105<br>LEI: 724500LJYA8QIT73H017 | Long             | EC               | CORP              | NL        |     81000 | NS      | $695790.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Associated Banc-Corp                        | Associated Banc-Corp COM                           | CUSIP: 045487105<br>LEI: 549300N3CIN473IW5094 | Long             | EC               | CORP              | US        |     28900 | NS      | $704871.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Atmus Filtration Technologies Inc.          | Atmus Filtration Technologies Inc. COM             | CUSIP: 04956D107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    103385 | NS      | $3765281.69   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| The RMR Group Inc.                          | The RMR Group Inc. CL A                            | CUSIP: 74967R106<br>LEI: 549300JP4L34E48UJM16 | Long             | EC               | CORP              | US        |     20800 | NS      | $340080.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Select Water Solutions Inc                  | Select Water Solutions Inc CL A COM                | CUSIP: 81617J301<br>LEI: 54930094OK8LA3QDW486 | Long             | EC               | CORP              | US        |     58100 | NS      | $501984.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Lantheus Holdings Inc                       | Lantheus Holdings Inc COM                          | CUSIP: 516544103<br>LEI: 5299005HUB5IOJGO7S39 | Long             | EC               | CORP              | US        |     35964 | NS      | $2944013.02   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Legacy Housing Corp.                        | Legacy Housing Corp. COM                           | CUSIP: 52472M101<br>LEI: V6WE5M18QYITU8L1QF76 | Long             | EC               | CORP              | US        |     15100 | NS      | $342166.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Seritage Growth Properties                  | Seritage Growth Properties CL A                    | CUSIP: 81752R100<br>LEI: 5493003CJFC2MM82WB25 | Long             | EC               | CORP              | US        |     85600 | NS      | $263648.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: —       |
| SouthState Corp.                            | SouthState Corp. COM                               | CUSIP: 840441109<br>LEI: 549300JZUANXM0YQ4W53 | Long             | EC               | CORP              | US        |     59091 | NS      | $5438144.70   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| California BanCorp                          | California BanCorp COM                             | CUSIP: 84252A106<br>LEI: 549300Z6CP542EI9L684 | Long             | EC               | CORP              | US        |     10600 | NS      | $167056.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Stagwell Inc                                | Stagwell Inc COM CL A                              | CUSIP: 85256A109<br>LEI: 549300KIYTU6J3NYJ009 | Long             | EC               | CORP              | US        |     77900 | NS      | $350550.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Limbach Holdings Inc.                       | Limbach Holdings Inc. COM                          | CUSIP: 53263P105<br>LEI: 254900EW8KXT5ZTWQI30 | Long             | EC               | CORP              | US        |     25816 | NS      | $3616821.50   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Madden(Steven)Ltd.                          | Madden(Steven)Ltd. COM                             | CUSIP: 556269108<br>LEI: 549300Z9GZ7GYJWSGF43 | Long             | EC               | CORP              | US        |     13900 | NS      | $333322.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Talen Energy Corporation                    | Talen Energy Corporation COM                       | CUSIP: 87422Q109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     21314 | NS      | $6197471.58   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Tegna Inc                                   | Tegna Inc COM                                      | CUSIP: 87901J105<br>LEI: 549300YC5EDBGX85AO10 | Long             | EC               | CORP              | US        |     30800 | NS      | $516208.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Marinemax Inc                               | Marinemax Inc COM STK USD0.001                     | CUSIP: 567908108<br>LEI: 254900TIXTN8WY3FNN63 | Long             | EC               | CORP              | US        |     13800 | NS      | $346932.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Marten Transport Ltd.                       | Marten Transport Ltd. COM                          | CUSIP: 573075108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11100 | NS      | $144189.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Miller Industries Inc. (Tennessee)          | Miller Industries Inc. (Tennessee) COM NEW         | CUSIP: 600551204<br>LEI: 549300F1O74SPUJ7UU94 | Long             | EC               | CORP              | US        |      7800 | NS      | $346788.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| NB Bancorp Inc.                             | NB Bancorp Inc. COM                                | CUSIP: 63945M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     27300 | NS      | $487578.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| NextDecade Corp.                            | NextDecade Corp. COM                               | CUSIP: 65342K105<br>LEI: 549300XB4GCLNGHFTT48 | Long             | EC               | CORP              | US        |     77000 | NS      | $686070.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: —       |
| NorthWestern Energy Group Inc               | NorthWestern Energy Group Inc COM NEW              | CUSIP: 668074305<br>LEI: 254900N1WG46G1VMDM34 | Long             | EC               | CORP              | US        |     13200 | NS      | $677160.00    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| OSI System Inc.                             | OSI System Inc. COM NPV                            | CUSIP: 671044105<br>LEI: DDX3MPX1Y8YD30050X33 | Long             | EC               | CORP              | US        |      1700 | NS      | $382262.00    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Option Care Health Inc                      | Option Care Health Inc COM NEW                     | CUSIP: 68404L201<br>LEI: 549300DI3Q5ACSYJRI17 | Long             | EC               | CORP              | US        |    101038 | NS      | $3281714.27   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Viper Energy Inc.                           | Viper Energy Inc. CL A                             | CUSIP: 927959106<br>LEI: 5299009LINL232255G03 | Long             | EC               | CORP              | US        |     65968 | NS      | $2515359.78   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| WK Kellogg Co                               | WK Kellogg Co COM SHS                              | CUSIP: 92942W107<br>LEI: 529900SWC935GFWUJ804 | Long             | EC               | CORP              | US        |     43200 | NS      | $688608.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: —       |
| Avista Corporation                          | Avista Corporation COM NPV                         | CUSIP: 05379B107<br>LEI: Q0IK63NITJD6RJ47SW96 | Long             | EC               | CORP              | US        |     17900 | NS      | $679305.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Avnet, Inc.                                 | Avnet, Inc. COM                                    | CUSIP: 053807103<br>LEI: XJI53DCPL7QABOWK4Z75 | Long             | EC               | CORP              | US        |      9900 | NS      | $525492.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Banc Of California Inc.                     | Banc Of California Inc. COM                        | CUSIP: 05990K106<br>LEI: 549300ZKWUJDP6LJ1X87 | Long             | EC               | CORP              | US        |     49178 | NS      | $690950.91    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of Marin Bancorp.                      | Bank of Marin Bancorp. COM                         | CUSIP: 063425102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8600 | NS      | $196424.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Bath & Body Works Inc                       | Bath & Body Works Inc COM                          | CUSIP: 070830104<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | EC               | CORP              | US        |    102214 | NS      | $3062331.41   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Baytex Energy Corp.                         | Baytex Energy Corp. COM                            | CUSIP: 07317Q105<br>LEI: 549300R5LTV2H7I1I079 | Long             | EC               | CORP              | CA        |    342068 | NS      | $612301.72    | 0.11%             |  |  |  | No            |                  1 | On Loan: —       |
| Beazer Homes USA Inc.                       | Beazer Homes USA Inc. COM NEW                      | CUSIP: 07556Q881<br>LEI: 549300DUPYT2T0F60I45 | Long             | EC               | CORP              | US        |      7100 | NS      | $158827.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| BellRing Intermediate Holdings Inc.         | BellRing Intermediate Holdings Inc. COMMON STOCK   | CUSIP: 07831C103<br>LEI: 549300S3BOK5CMTS8054 | Long             | EC               | CORP              | US        |     41575 | NS      | $2408439.78   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Origin Bancorp Inc                          | Origin Bancorp Inc COM                             | CUSIP: 68621T102<br>LEI: 54930055DO2Z4KO3NB45 | Long             | EC               | CORP              | US        |     14700 | NS      | $525378.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Par Pacific Holdings, Inc.                  | Par Pacific Holdings, Inc. COM NEW                 | CUSIP: 69888T207<br>LEI: 549300BTNS7MHSHRLR55 | Long             | EC               | CORP              | US        |     43800 | NS      | $1162014.00   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Berkshire Hills Bancorp, Inc.               | Berkshire Hills Bancorp, Inc. COM                  | CUSIP: 084680107<br>LEI: 549300AS2OC6UMMBNO37 | Long             | EC               | CORP              | US        |     21000 | NS      | $525840.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Black Hills Corporation                     | Black Hills Corporation COM                        | CUSIP: 092113109<br>LEI: 3MGELCRSTNSAMJ962671 | Long             | EC               | CORP              | US        |     12000 | NS      | $673200.00    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Peapack-Gladstone Financial Corp.           | Peapack-Gladstone Financial Corp. COM              | CUSIP: 704699107<br>LEI: 549300G8DN2UK8K0ET30 | Long             | EC               | CORP              | US        |     18900 | NS      | $533925.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Pebblebrook Hotel Trust                     | Pebblebrook Hotel Trust COM USD0.01 SBI            | CUSIP: 70509V100<br>LEI: 5493004Q1NNH6JXCSI52 | Long             | EC               | CORP              | US        |     71200 | NS      | $711288.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Peoples Financial Services Corp.            | Peoples Financial Services Corp. COM               | CUSIP: 711040105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3200 | NS      | $157984.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Pinnacle Financial Partners Inc.            | Pinnacle Financial Partners Inc. COM               | CUSIP: 72346Q104<br>LEI: 54930098EZ8JMSAZGS24 | Long             | EC               | CORP              | US        |     43414 | NS      | $4793339.75   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Bloomin Brands Inc                          | Bloomin Brands Inc COM                             | CUSIP: 094235108<br>LEI: E1UJ2GO305B5FXGV7N04 | Long             | EC               | CORP              | US        |     76200 | NS      | $656082.00    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Brady Corp                                  | Brady Corp CL A                                    | CUSIP: 104674106<br>LEI: 549300G2LEQOFQC8GY34 | Long             | EC               | CORP              | US        |      2300 | NS      | $156331.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Adient PLC                                  | Adient PLC ORD SHS                                 | CUSIP: G0084W101<br>LEI: 5493002QLDY8O75RTR78 | Long             | EC               | CORP              | IE        |     48600 | NS      | $945756.00    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Cushman & Wakefield PLC                     | Cushman & Wakefield PLC COM USD0.01                | CUSIP: G2717B108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     70300 | NS      | $778221.00    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Brookline Bancorp, Inc.                     | Brookline Bancorp, Inc. COM USD0.01                | CUSIP: 11373M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     66800 | NS      | $704740.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Brunswick Corporation                       | Brunswick Corporation COM                          | CUSIP: 117043109<br>LEI: YM4O38W15AX4YLLQKU27 | Long             | EC               | CORP              | US        |     12100 | NS      | $668404.00    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Gates Industrial Corp PLC                   | Gates Industrial Corp PLC ORD SHS                  | CUSIP: G39108108<br>LEI: 549300S6K4FWUSB9KM27 | Long             | EC               | CORP              | GB        |     25800 | NS      | $594174.00    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Weatherford International Plc               | Weatherford International Plc COM USD0.001         | CUSIP: G48833118<br>LEI: 529900LPBDSCQDJKHQ39 | Long             | EC               | CORP              | IE        |     37881 | NS      | $1905793.10   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Burke & Herbert Financial Services Corp.    | Burke & Herbert Financial Services Corp. COM       | CUSIP: 12135Y108<br>LEI: 549300OS8C7J7ZWMNL70 | Long             | EC               | CORP              | US        |      5900 | NS      | $352407.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| CNO Financial Group, Inc.                   | CNO Financial Group, Inc. COM                      | CUSIP: 12621E103<br>LEI: 11XPYHB76MPM4Y4P2897 | Long             | EC               | CORP              | US        |     17900 | NS      | $690582.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Sensata Technologies Holding PLC            | Sensata Technologies Holding PLC COM EUR0.01       | CUSIP: G8060N102<br>LEI: 529900MS7KFYCY9MS037 | Long             | EC               | CORP              | GB        |     22100 | NS      | $665431.00    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| White Mountains Insurance Group Ltd.        | White Mountains Insurance Group Ltd. COM           | CUSIP: G9618E107<br>LEI: 549300N3FL068JERBG02 | Long             | EC               | CORP              | BM        |       390 | NS      | $700330.78    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| RBB Bancorp.                                | RBB Bancorp. COM                                   | CUSIP: 74930B105<br>LEI: 549300A23FBFZNGET525 | Long             | EC               | CORP              | US        |      9500 | NS      | $163495.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Radian Group Inc.                           | Radian Group Inc. COM                              | CUSIP: 750236101<br>LEI: 54930005OUP720S5U385 | Long             | EC               | CORP              | US        |     20100 | NS      | $724002.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Cabot Corporation                           | Cabot Corporation COM                              | CUSIP: 127055101<br>LEI: K05C0SER542GQ6VLRO68 | Long             | EC               | CORP              | US        |     43275 | NS      | $3245625.00   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| California Resources Corporation            | California Resources Corporation COM STOCK         | CUSIP: 13057Q305<br>LEI: 5493003Q8F0T4F4YMR48 | Long             | EC               | CORP              | US        |     86034 | NS      | $3929172.80   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| H2O America                                 | H2O America COM                                    | CUSIP: 784305104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     12900 | NS      | $670413.00    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Sanfilippo(John B)                          | Sanfilippo(John B) COM                             | CUSIP: 800422107<br>LEI: 5299007IBEYVXKYDUX28 | Long             | EC               | CORP              | US        |      8000 | NS      | $505920.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Schneider National Inc                      | Schneider National Inc CL B                        | CUSIP: 80689H102<br>LEI: 529900V6GZ6G6E3BLV72 | Long             | EC               | CORP              | US        |     14200 | NS      | $342930.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: —       |
| Selective Insurance Group Inc.              | Selective Insurance Group Inc. COM                 | CUSIP: 816300107<br>LEI: 549300R3WGJWLE40R258 | Long             | EC               | CORP              | US        |      5900 | NS      | $511235.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Silgan Holdings Inc.                        | Silgan Holdings Inc. COM USD0.01                   | CUSIP: 827048109<br>LEI: KAF673KJXD92C8KSLU49 | Long             | EC               | CORP              | US        |      8500 | NS      | $460530.00    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Simmons First National Corp                 | Simmons First National Corp CL A $1 PAR            | CUSIP: 828730200<br>LEI: 549300IVR5AJKUVOGN05 | Long             | EC               | CORP              | US        |     37000 | NS      | $701520.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Champion Homes Inc.                         | Champion Homes Inc. COM                            | CUSIP: 830830105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     21618 | NS      | $1353502.98   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Sonoco Products Company                     | Sonoco Products Company COM                        | CUSIP: 835495102<br>LEI: GKOMIK4RDJGHEF0VNP11 | Long             | EC               | CORP              | US        |     15600 | NS      | $679536.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Southwest Gas Holdings Inc                  | Southwest Gas Holdings Inc COM                     | CUSIP: 844895102<br>LEI: 254900LKF9EV0CUKNE09 | Long             | EC               | CORP              | US        |      8600 | NS      | $639754.00    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| STAG Industrial, Inc.                       | STAG Industrial, Inc. COM                          | CUSIP: 85254J102<br>LEI: 549300QWYX2W6FASVQ07 | Long             | EC               | CORP              | US        |     87346 | NS      | $3168912.89   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Steelcase Inc                               | Steelcase Inc CL A                                 | CUSIP: 858155203<br>LEI: GIE4CCPBJDI8SMV1OX95 | Long             | EC               | CORP              | US        |     48700 | NS      | $507941.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Stewart Information Services Corporation    | Stewart Information Services Corporation COM       | CUSIP: 860372101<br>LEI: 529900TV1XI0PLKENU10 | Long             | EC               | CORP              | US        |      6900 | NS      | $449190.00    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Stifel Financial Corporation                | Stifel Financial Corporation COM                   | CUSIP: 860630102<br>LEI: 549300E5F07FE5GHJX84 | Long             | EC               | CORP              | US        |     41015 | NS      | $4256536.59   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Supernus Pharmaceuticals, Inc               | Supernus Pharmaceuticals, Inc COM                  | CUSIP: 868459108<br>LEI: 549300GRM36VBKISYJ58 | Long             | EC               | CORP              | US        |     90881 | NS      | $2864569.18   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Tennant Co                                  | Tennant Co COM                                     | CUSIP: 880345103<br>LEI: JYAIRLT8DVP6DP8UT336 | Long             | EC               | CORP              | US        |      6700 | NS      | $519116.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Thor Industries Inc.                        | Thor Industries Inc. COM                           | CUSIP: 885160101<br>LEI: 254900XZO1228PDSG060 | Long             | EC               | CORP              | US        |      6100 | NS      | $541741.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: —       |
| The Timken Company                          | The Timken Company COM                             | CUSIP: 887389104<br>LEI: B0I35MLPFXZSE70ASS73 | Long             | EC               | CORP              | US        |      9200 | NS      | $667460.00    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Tompkins Financial Corp.                    | Tompkins Financial Corp. COM                       | CUSIP: 890110109<br>LEI: 254900QDQ6V0QJ0Z2348 | Long             | EC               | CORP              | US        |      5500 | NS      | $345015.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Tutor Perini Corporation                    | Tutor Perini Corporation COM                       | CUSIP: 901109108<br>LEI: 549300FHXYVPW8LJ6D98 | Long             | EC               | CORP              | US        |     14100 | NS      | $659598.00    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| UGI Corp                                    | UGI Corp COM                                       | CUSIP: 902681105<br>LEI: DX6GCWD4Q1JO9CRE5I40 | Long             | EC               | CORP              | US        |    113240 | NS      | $4124200.89   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Capital Bancorp Inc.                        | Capital Bancorp Inc. COM                           | CUSIP: 139737100<br>LEI: 549300LQKYGWQ7VP0C75 | Long             | EC               | CORP              | US        |      5300 | NS      | $177974.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Capitol Fed Fin In                          | Capitol Fed Fin In COM                             | CUSIP: 14057J101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    116700 | NS      | $711870.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Carters Inc.                                | Carters Inc. COM USD0.01                           | CUSIP: 146229109<br>LEI: 5299003WAQK4R3L3ZU36 | Long             | EC               | CORP              | US        |     11300 | NS      | $340469.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Cathay General Bancorp                      | Cathay General Bancorp COM                         | CUSIP: 149150104<br>LEI: 549300K1SLJ8C97H5L68 | Long             | EC               | CORP              | US        |     11600 | NS      | $528148.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Unifirst Corp                               | Unifirst Corp COM                                  | CUSIP: 904708104<br>LEI: 5493003XBTNWBC8UK019 | Long             | EC               | CORP              | US        |      1800 | NS      | $338796.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| United Fire Group Inc                       | United Fire Group Inc COM                          | CUSIP: 910340108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6300 | NS      | $180810.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Cellular Corporation          | United States Cellular Corporation COM             | CUSIP: 911684108<br>LEI: 549300B164AZXESI6E03 | Long             | EC               | CORP              | US        |    108358 | NS      | $6931661.22   | 1.28%             |  |  |  | No            |                  1 | On Loan: —       |
| Unitil Corp                                 | Unitil Corp COM                                    | CUSIP: 913259107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6400 | NS      | $333760.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Univest Financial Corp.                     | Univest Financial Corp. COM                        | CUSIP: 915271100<br>LEI: 4WII2HCR8UEWNU03U507 | Long             | EC               | CORP              | US        |     16200 | NS      | $486648.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Utah Medical Products Inc.                  | Utah Medical Products Inc. COM                     | CUSIP: 917488108<br>LEI: 5493002R27BBGV8DID60 | Long             | EC               | CORP              | US        |      5700 | NS      | $324444.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Vaalco Energy Inc                           | Vaalco Energy Inc COM NEW                          | CUSIP: 91851C201<br>LEI: 549300CFHFVIWB8M6T24 | Long             | EC               | CORP              | US        |    183800 | NS      | $663518.00    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Valley National Bancorp.                    | Valley National Bancorp. COM                       | CUSIP: 919794107<br>LEI: 549300ET52S1UBIB9762 | Long             | EC               | CORP              | US        |     58100 | NS      | $518833.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| V2X Inc                                     | V2X Inc COM                                        | CUSIP: 92242T101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     58356 | NS      | $2833183.79   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Vishay Intertechnology, Inc.                | Vishay Intertechnology, Inc. COM                   | CUSIP: 928298108<br>LEI: 5493009O8F3QQJTCQR75 | Long             | EC               | CORP              | US        |     37600 | NS      | $597088.00    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Vontier Corporation                         | Vontier Corporation COM                            | CUSIP: 928881101<br>LEI: 549300VVSQLG4P5K4639 | Long             | EC               | CORP              | US        |    156860 | NS      | $5788134.02   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Wabash National Corporation                 | Wabash National Corporation COM                    | CUSIP: 929566107<br>LEI: 5299004ZAWHQZI5XO485 | Long             | EC               | CORP              | US        |     66100 | NS      | $702643.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| WaFd Inc                                    | WaFd Inc COM                                       | CUSIP: 938824109<br>LEI: D38AC76TAMYI50NBPX33 | Long             | EC               | CORP              | US        |     23840 | NS      | $698035.18    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Wesbanco Inc                                | Wesbanco Inc COM                                   | CUSIP: 950810101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     19280 | NS      | $609826.38    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Wiley John & Sons Inc.                      | Wiley John & Sons Inc. CL A                        | CUSIP: 968223206<br>LEI: 5493003XM719UN7E8P64 | Long             | EC               | CORP              | US        |     61199 | NS      | $2731311.37   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| World Kinect Corporation                    | World Kinect Corporation COM                       | CUSIP: 981475106<br>LEI: D3W7PCXCBRQLL17DZ313 | Long             | EC               | CORP              | US        |     23900 | NS      | $677565.00    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Worthington Enterprises Inc                 | Worthington Enterprises Inc COM                    | CUSIP: 981811102<br>LEI: 1WRCIANKYOIK6KYE5E82 | Long             | EC               | CORP              | US        |      9100 | NS      | $579124.00    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Yeti Holdings Inc                           | Yeti Holdings Inc COM                              | CUSIP: 98585X104<br>LEI: 549300DSQICIGNT5GO63 | Long             | EC               | CORP              | US        |     94897 | NS      | $2991153.47   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Zoominfo Technologies Inc                   | Zoominfo Technologies Inc COMMON STOCK             | CUSIP: 98980F104<br>LEI: 2549008GSAHW4UWFEM58 | Long             | EC               | CORP              | US        |     36200 | NS      | $366344.00    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Aspen Insurance Holdings Ltd.               | Aspen Insurance Holdings Ltd. ORD SHS CL A         | CUSIP: G05384501<br>LEI: 549300YX6HECG9XQCQ75 | Long             | EC               | CORP              | BM        |     91187 | NS      | $2869654.83   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Essent Group Ltd.                           | Essent Group Ltd. COM USD0.015                     | CUSIP: G3198U102<br>LEI: 254900QUO860OUT6ZF83 | Long             | EC               | CORP              | BM        |     11200 | NS      | $680176.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Helen Of Troy Corp                          | Helen Of Troy Corp COM USD0.10                     | CUSIP: G4388N106<br>LEI: N/A                  | Long             | EC               | CORP              | BM        |     18800 | NS      | $533544.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Central Garden & Pet Company                | Central Garden & Pet Company COM                   | CUSIP: 153527106<br>LEI: 5493004DVZLD37DJ0H83 | Long             | EC               | CORP              | US        |      9700 | NS      | $341246.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Century Communities Inc                     | Century Communities Inc COM                        | CUSIP: 156504300<br>LEI: 5299002QMB2O7ZL1CA26 | Long             | EC               | CORP              | US        |      4400 | NS      | $247808.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| International Game Technology PLC           | International Game Technology PLC USD0.00015625    | CUSIP: G4863A108<br>LEI: 549300UQ6KHRCZDRGZ76 | Long             | EC               | CORP              | GB        |     45100 | NS      | $713031.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Churchill Downs Inc                         | Churchill Downs Inc COM                            | CUSIP: 171484108<br>LEI: 529900FODTBQC8MIS994 | Long             | EC               | CORP              | US        |     39192 | NS      | $3958392.00   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Claros Mortgage Trust Inc                   | Claros Mortgage Trust Inc COMMON STOCK             | CUSIP: 18270D106<br>LEI: 549300Z9LU2CZ3K30C16 | Long             | EC               | CORP              | US        |     50800 | NS      | $144780.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Collegium Pharmaceutical Inc.               | Collegium Pharmaceutical Inc. COM USD0.001         | CUSIP: 19459J104<br>LEI: 54930049FXZMTLW8D496 | Long             | EC               | CORP              | US        |     84536 | NS      | $2499729.50   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Colliers International Group Inc            | Colliers International Group Inc SUB VTG SHS       | CUSIP: 194693107<br>LEI: D3O8K13PHLEXXD1DT480 | Long             | EC               | CORP              | CA        |     28558 | NS      | $3727961.36   | 0.69%             |  |  |  | No            |                  1 | On Loan: —       |
| Columbia Banking System Inc.                | Columbia Banking System Inc. COM NPV               | CUSIP: 197236102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     22500 | NS      | $526050.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Concentrix Corp.                            | Concentrix Corp. COM                               | CUSIP: 20602D101<br>LEI: 5493000EAJN1KMPVA737 | Long             | EC               | CORP              | US        |     69111 | NS      | $3652861.92   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Concentra Group Holdings Parent Inc         | Concentra Group Holdings Parent Inc COMMON STOCK   | CUSIP: 20603L102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    220408 | NS      | $4533792.67   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Core Laboratories Inc                       | Core Laboratories Inc COM                          | CUSIP: 21867A105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     29400 | NS      | $338688.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Curbline Properties Corp.                   | Curbline Properties Corp. COM                      | CUSIP: 23128Q101<br>LEI: 529900PGR41LH0I81I15 | Long             | EC               | CORP              | US        |     84507 | NS      | $1929294.77   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Delek US Holdings Inc.                      | Delek US Holdings Inc. COM                         | CUSIP: 24665A103<br>LEI: 5493003O53JMENV1N385 | Long             | EC               | CORP              | US        |     49000 | NS      | $1037820.00   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Diamond Hill Investment Group Inc.          | Diamond Hill Investment Group Inc. COM NEW         | CUSIP: 25264R207<br>LEI: 549300AQ6779A0B7VZ57 | Long             | EC               | CORP              | US        |      2500 | NS      | $363275.00    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| DiamondRock Hospitality Co.                 | DiamondRock Hospitality Co. COM USD0.01            | CUSIP: 252784301<br>LEI: 529900KKD4BPVBUAQ734 | Long             | EC               | CORP              | US        |     66400 | NS      | $508624.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Dime Community Bancshares Inc.              | Dime Community Bancshares Inc. COM                 | CUSIP: 25432X102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     12700 | NS      | $342138.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Donnelley Financial Solutions Inc           | Donnelley Financial Solutions Inc COM              | CUSIP: 25787G100<br>LEI: 549300O1NPY4J56QCU04 | Long             | EC               | CORP              | US        |     47540 | NS      | $2930840.95   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Ecovyst Inc                                 | Ecovyst Inc COM                                    | CUSIP: 27923Q109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    347361 | NS      | $2858781.04   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Edgewell Personal Care Co                   | Edgewell Personal Care Co COM                      | CUSIP: 28035Q102<br>LEI: 549300CY8QZDL4Z3RU59 | Long             | EC               | CORP              | US        |      9600 | NS      | $224736.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Empire State Realty Trust Inc               | Empire State Realty Trust Inc CL A                 | CUSIP: 292104106<br>LEI: 549300VOKY1DUEQSB456 | Long             | EC               | CORP              | US        |     78100 | NS      | $631829.00    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Enact Holdings Inc                          | Enact Holdings Inc COM                             | CUSIP: 29249E109<br>LEI: 9845003CA5664B741N19 | Long             | EC               | CORP              | US        |     18300 | NS      | $679845.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Energizer Holdings Inc                      | Energizer Holdings Inc COM                         | CUSIP: 29272W109<br>LEI: 5493000D6NN0V57UME20 | Long             | EC               | CORP              | US        |     16800 | NS      | $338688.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Ennis Inc                                   | Ennis Inc COM                                      | CUSIP: 293389102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8300 | NS      | $150562.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Enterprise Financial Services Corp.         | Enterprise Financial Services Corp. COM            | CUSIP: 293712105<br>LEI: 5493001XTU5DLD632129 | Long             | EC               | CORP              | US        |      9500 | NS      | $523450.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Envista Holdings Corporation                | Envista Holdings Corporation COM                   | CUSIP: 29415F104<br>LEI: 549300BX623VURJZ5269 | Long             | EC               | CORP              | US        |     18700 | NS      | $365398.00    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Eplus Inc                                   | Eplus Inc COM                                      | CUSIP: 294268107<br>LEI: 529900FFY8AAFJ21NE91 | Long             | EC               | CORP              | US        |      7300 | NS      | $526330.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| F&G Annuities & Life Inc.                   | F&G Annuities & Life Inc. COMMON STOCK             | CUSIP: 30190A104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     21600 | NS      | $690768.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Farmers National Banc Corp.                 | Farmers National Banc Corp. COM                    | CUSIP: 309627107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7790 | NS      | $107424.10    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal Agricultural Mortgage Corporation   | Federal Agricultural Mortgage Corporation CL C     | CUSIP: 313148306<br>LEI: 549300MS654K78GYF580 | Long             | EC               | USGA              | US        |     27780 | NS      | $5397098.36   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Federated Hermes Inc                        | Federated Hermes Inc CL B                          | CUSIP: 314211103<br>LEI: R05X5UQ874RGFF7HHD84 | Long             | EC               | CORP              | US        |     16100 | NS      | $713552.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| First Financial Corp.                       | First Financial Corp. COM                          | CUSIP: 320218100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6500 | NS      | $352235.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| First Foundation Inc.                       | First Foundation Inc. COM                          | CUSIP: 32026V104<br>LEI: 254900TQZQ6LBCK77E82 | Long             | EC               | CORP              | US        |     93021 | NS      | $474407.09    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| First Internet Bancorp.                     | First Internet Bancorp. COM STK USD0.01            | CUSIP: 320557101<br>LEI: 549300T25MP2M92XU194 | Long             | EC               | CORP              | US        |      8000 | NS      | $215200.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| First Merchants Corporation                 | First Merchants Corporation COM                    | CUSIP: 320817109<br>LEI: TZTBT0OTGQ2FEK6XMX94 | Long             | EC               | CORP              | US        |      4296 | NS      | $164536.80    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| 1st Source Corporation                      | 1st Source Corporation COM                         | CUSIP: 336901103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11300 | NS      | $701391.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Five9 Inc.                                  | Five9 Inc. COM                                     | CUSIP: 338307101<br>LEI: 254900MXP6EWY0SFFR59 | Long             | EC               | CORP              | US        |    125094 | NS      | $3312489.07   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Five Star Bancorp.                          | Five Star Bancorp. COM                             | CUSIP: 33830T103<br>LEI: 5493008ZRBIHKWC0JA73 | Long             | EC               | CORP              | US        |      2400 | NS      | $68496.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Fluor Corporation                           | Fluor Corporation COM USD0.01                      | CUSIP: 343412102<br>LEI: CQ7WZ4NOFWT7FAE6Q943 | Long             | EC               | CORP              | US        |     17400 | NS      | $892098.00    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Flushing Financial Corp.                    | Flushing Financial Corp. COM                       | CUSIP: 343873105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     58100 | NS      | $690228.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Forrester Research Inc.                     | Forrester Research Inc. COM                        | CUSIP: 346563109<br>LEI: 549300UUSFXYLJ80Z897 | Long             | EC               | CORP              | US        |     14700 | NS      | $145530.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Foster(Lb)& Co                              | Foster(Lb)& Co COM                                 | CUSIP: 350060109<br>LEI: 549300AUUJGJ2T2L2179 | Long             | EC               | CORP              | US        |      7800 | NS      | $170586.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Franklin Covey Co                           | Franklin Covey Co COM                              | CUSIP: 353469109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7100 | NS      | $162022.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| G III Apparel Group Ltd                     | G III Apparel Group Ltd COM                        | CUSIP: 36237H101<br>LEI: 529900O5KABM3R3SFM87 | Long             | EC               | CORP              | US        |     15500 | NS      | $347200.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| The Hanover Insurance Group, Inc.           | The Hanover Insurance Group, Inc. COM              | CUSIP: 410867105<br>LEI: JJYR6MFKFF6CF8DBZ078 | Long             | EC               | CORP              | US        |      4000 | NS      | $679480.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Hawkins Inc                                 | Hawkins Inc COM                                    | CUSIP: 420261109<br>LEI: 549300VL3IJ23OWX1Y34 | Long             | EC               | CORP              | US        |     21599 | NS      | $3069217.99   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Heidrick & Struggles International Inc      | Heidrick & Struggles International Inc COM USD0.01 | CUSIP: 422819102<br>LEI: 5493006284N2J367VB57 | Long             | EC               | CORP              | US        |     11200 | NS      | $512512.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Herc Holdings Inc                           | Herc Holdings Inc COM                              | CUSIP: 42704L104<br>LEI: 549300TP80QLITMSBP82 | Long             | EC               | CORP              | US        |     20107 | NS      | $2647890.84   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Hilton Grand Vacations Inc                  | Hilton Grand Vacations Inc COM                     | CUSIP: 43283X105<br>LEI: 549300O9K6MFD8D07574 | Long             | EC               | CORP              | US        |     17000 | NS      | $706010.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Hingham Institution for Savings             | Hingham Institution for Savings COM                | CUSIP: 433323102<br>LEI: 2549009GDCGUR2T6KU55 | Long             | EC               | CORP              | US        |      2200 | NS      | $546370.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: —       |
| Home BancShares Inc.                        | Home BancShares Inc. COM                           | CUSIP: 436893200<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    170552 | NS      | $4853909.94   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| HomeStreet Inc.                             | HomeStreet Inc. COM                                | CUSIP: 43785V102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     12700 | NS      | $165989.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Huntsman Corporation                        | Huntsman Corporation COM                           | CUSIP: 447011107<br>LEI: 5299000V56320A7RIQ67 | Long             | EC               | CORP              | US        |     48600 | NS      | $506412.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Crescent Energy Co.                         | Crescent Energy Co. CL A COM                       | CUSIP: 44952J104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     76187 | NS      | $655208.19    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Independent Bank Corp.                      | Independent Bank Corp. COM                         | CUSIP: 453836108<br>LEI: 549300C5K3W8THR3GE10 | Long             | EC               | CORP              | US        |      8100 | NS      | $509368.50    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Innovex International Inc.                  | Innovex International Inc. COM                     | CUSIP: 457651107<br>LEI: 5299007REICYIJNMW197 | Long             | EC               | CORP              | US        |     45400 | NS      | $709148.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| International Money Express Inc.            | International Money Express Inc. COM               | CUSIP: 46005L101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     51200 | NS      | $516608.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| JELD-WEN Holding Inc.                       | JELD-WEN Holding Inc. COM                          | CUSIP: 47580P103<br>LEI: 529900AXX7CT9GZSCS30 | Long             | EC               | CORP              | US        |     80100 | NS      | $313992.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Kadant Inc                                  | Kadant Inc COM USD0.01                             | CUSIP: 48282T104<br>LEI: 549300K06LNJYBMPYP15 | Long             | EC               | CORP              | US        |      9985 | NS      | $3169738.26   | 0.58%             |  |  |  | No            |                  1 | On Loan: —       |
| Kearny Financial Corp.                      | Kearny Financial Corp. COM                         | CUSIP: 48716P108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     83400 | NS      | $538764.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Kemper Corporation                          | Kemper Corporation COM                             | CUSIP: 488401100<br>LEI: 549300FNI1JKTRY2PV09 | Long             | EC               | CORP              | US        |     58152 | NS      | $3753130.05   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Knife River Corp.                           | Knife River Corp. COMMON STOCK                     | CUSIP: 498894104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     62318 | NS      | $5087641.49   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Kosmos Energy Ltd                           | Kosmos Energy Ltd COM                              | CUSIP: 500688106<br>LEI: 213800YDFJ3OT9B5P157 | Long             | EC               | CORP              | US        |    342600 | NS      | $589272.00    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| LGI Homes Inc                               | LGI Homes Inc COM                                  | CUSIP: 50187T106<br>LEI: 549300W02B4WNV8CV109 | Long             | EC               | CORP              | US        |      4900 | NS      | $252448.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Lear Corporation                            | Lear Corporation COM NEW                           | CUSIP: 521865204<br>LEI: 549300UPNBTXA1SYTQ33 | Long             | EC               | CORP              | US        |      7200 | NS      | $683856.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Levi Strauss & Co.                          | Levi Strauss & Co. CL A COM STK                    | CUSIP: 52736R102<br>LEI: MB0UERO0RDFKU8258G77 | Long             | EC               | CORP              | US        |    121747 | NS      | $2251102.00   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Energy Inc                          | Liberty Energy Inc COM CL A                        | CUSIP: 53115L104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     42600 | NS      | $489048.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| MGP Ingredients Inc.                        | MGP Ingredients Inc. COM                           | CUSIP: 55303J106<br>LEI: 2549006OMHFVZ4MS8538 | Long             | EC               | CORP              | US        |      4100 | NS      | $122877.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| MRC Global Inc                              | MRC Global Inc COM                                 | CUSIP: 55345K103<br>LEI: 529900TSBPOLCLI2L582 | Long             | EC               | CORP              | US        |    226742 | NS      | $3108632.83   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Maximus Inc                                 | Maximus Inc COM                                    | CUSIP: 577933104<br>LEI: 549300DQCDS8HJ7QF202 | Long             | EC               | CORP              | US        |     10000 | NS      | $702000.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Merchants Bancorp. (Indiana)                | Merchants Bancorp. (Indiana) COM                   | CUSIP: 58844R108<br>LEI: 54930008Y0GPVLF81889 | Long             | EC               | CORP              | US        |     19800 | NS      | $654786.00    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Mercury Systems Inc                         | Mercury Systems Inc COM USD0.01                    | CUSIP: 589378108<br>LEI: 549300P3B84SGK7HH679 | Long             | EC               | CORP              | US        |     61670 | NS      | $3321546.18   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Midland States Bancorp Inc.                 | Midland States Bancorp Inc. COM                    | CUSIP: 597742105<br>LEI: 5493006RHXW9TTBWYC94 | Long             | EC               | CORP              | US        |     20400 | NS      | $353328.00    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| MidWestOne Financial Group Inc.             | MidWestOne Financial Group Inc. COM                | CUSIP: 598511103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11600 | NS      | $333732.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| NMI Holdings Inc                            | NMI Holdings Inc COM                               | CUSIP: 629209305<br>LEI: 529900KNNGFXJX1C3Z08 | Long             | EC               | CORP              | US        |     16800 | NS      | $708792.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| National Research Corp.                     | National Research Corp. COM NEW                    | CUSIP: 637372202<br>LEI: 549300FQIORB6GZCYT15 | Long             | EC               | CORP              | US        |     13200 | NS      | $221760.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Navient Corporation                         | Navient Corporation COM                            | CUSIP: 63938C108<br>LEI: 54930067J0ZNOEBRW338 | Long             | EC               | CORP              | US        |     49500 | NS      | $697950.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Flagstar Financial, Inc.                    | Flagstar Financial, Inc. COM NEW                   | CUSIP: 649445400<br>LEI: 529900HVXOTLY61GL030 | Long             | EC               | CORP              | US        |     59800 | NS      | $633880.00    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Oil And Gas, Inc.                  | Northern Oil And Gas, Inc. COM                     | CUSIP: 665531307<br>LEI: OKFF0PIZDDMNH4UCYE51 | Long             | EC               | CORP              | US        |     24100 | NS      | $683235.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Northrim BanCorp Inc.                       | Northrim BanCorp Inc. COM USD1                     | CUSIP: 666762109<br>LEI: 5493006X7RLLTZ3SG075 | Long             | EC               | CORP              | US        |      3800 | NS      | $354388.00    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| OceanFirst Financial Corp.                  | OceanFirst Financial Corp. COM                     | CUSIP: 675234108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     40200 | NS      | $707922.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Oil States International, Inc.              | Oil States International, Inc. COM                 | CUSIP: 678026105<br>LEI: 5493004TF4KQJGMYL777 | Long             | EC               | CORP              | US        |     81200 | NS      | $435232.00    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Onewater Marine Inc.                        | Onewater Marine Inc. CL A COM                      | CUSIP: 68280L101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     37100 | NS      | $496769.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: —       |
| PC Connection Inc.                          | PC Connection Inc. COM                             | CUSIP: 69318J100<br>LEI: 5299005WPRNIXDV2KM73 | Long             | EC               | CORP              | US        |      2400 | NS      | $157872.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| TXNM Energy Inc.                            | TXNM Energy Inc. COM NPV                           | CUSIP: 69349H107<br>LEI: 5493003JOBJGLZSDDQ28 | Long             | EC               | CORP              | US        |     74735 | NS      | $4209075.23   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| PVH Corp.                                   | PVH Corp. COM                                      | CUSIP: 693656100<br>LEI: 123WALMHY1GZXG2YDL90 | Long             | EC               | CORP              | US        |      5400 | NS      | $370440.00    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Pacific Premier Bancorp Inc                 | Pacific Premier Bancorp Inc COM                    | CUSIP: 69478X105<br>LEI: 549300Q1KIC3KLI0XG98 | Long             | EC               | CORP              | US        |     32900 | NS      | $693861.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Pagerduty Inc                               | Pagerduty Inc COM                                  | CUSIP: 69553P100<br>LEI: 549300U1SB749EDAGH21 | Long             | EC               | CORP              | US        |    134429 | NS      | $2054075.11   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Park Hotels & Resorts Inc.                  | Park Hotels & Resorts Inc. COM                     | CUSIP: 700517105<br>LEI: 5493005UZ5TQN0H6HS73 | Long             | EC               | CORP              | US        |     66200 | NS      | $677226.00    | 0.12%             |  |  |  | No            |                  1 | On Loan: —       |
| Perella Weinberg Partners                   | Perella Weinberg Partners CLASS A COM              | CUSIP: 71367G102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    130919 | NS      | $2542447.02   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Popular, Inc.                               | Popular, Inc. COM NEW                              | CUSIP: 733174700<br>LEI: 5493008CARDZMVQ3LO89 | Long             | EC               | CORP              | PR        |     51420 | NS      | $5666998.16   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Post Holdings Inc.                          | Post Holdings Inc. COM                             | CUSIP: 737446104<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | EC               | CORP              | US        |     32358 | NS      | $3527992.79   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Preferred Bank                              | Preferred Bank COM NEW                             | CUSIP: 740367404<br>LEI: 5493007K6HGI9G0ECX16 | Long             | EC               | CORP              | US        |      6840 | NS      | $591967.81    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| ProFrac Holding Corp.                       | ProFrac Holding Corp. CLASS A COM                  | CUSIP: 74319N100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     59700 | NS      | $463272.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: —       |
| ProPetro Holding Corp.                      | ProPetro Holding Corp. COM                         | CUSIP: 74347M108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     83900 | NS      | $500883.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Proto Labs Inc                              | Proto Labs Inc COM                                 | CUSIP: 743713109<br>LEI: 529900QHG5MGWT2WQQ09 | Long             | EC               | CORP              | US        |      7700 | NS      | $308308.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Rev Group Inc                               | Rev Group Inc COM                                  | CUSIP: 749527107<br>LEI: 549300SRD0SIG5ZZ3X20 | Long             | EC               | CORP              | US        |      4900 | NS      | $233191.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Resideo Technologies Inc                    | Resideo Technologies Inc COM                       | CUSIP: 76118Y104<br>LEI: 5493006TKFPYISY2DS54 | Long             | EC               | CORP              | US        |     35400 | NS      | $780924.00    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Resources Connection Inc.                   | Resources Connection Inc. COM USD0.01              | CUSIP: 76122Q105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     96500 | NS      | $518205.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Rush Enterprises Inc.                       | Rush Enterprises Inc. CL A                         | CUSIP: 781846209<br>LEI: 529900V3XHTN7A6DFT17 | Long             | EC               | CORP              | US        |     13750 | NS      | $708262.50    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| SLM Corp.                                   | SLM Corp. COM                                      | CUSIP: 78442P106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     21600 | NS      | $708264.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| ScanSource Inc.                             | ScanSource Inc. COM NPV                            | CUSIP: 806037107<br>LEI: 7FHBAN017QDY4K2KP156 | Long             | EC               | CORP              | US        |     17600 | NS      | $735856.00    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Science Applications International Corp.    | Science Applications International Corp. USD0.0001 | CUSIP: 808625107<br>LEI: 549300LZPNZIXQGZPZ48 | Long             | EC               | CORP              | US        |      3300 | NS      | $371613.00    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| United Parks & Resorts Inc                  | United Parks & Resorts Inc COM                     | CUSIP: 81282V100<br>LEI: 529900G0H4NV3IIK3269 | Long             | EC               | CORP              | US        |     15200 | NS      | $716680.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Select Medical Holdings Corporation         | Select Medical Holdings Corporation COM            | CUSIP: 81619Q105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    192929 | NS      | $2928662.17   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Shore Bancshares Inc.                       | Shore Bancshares Inc. COM                          | CUSIP: 825107105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     12451 | NS      | $195729.71    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Sierra Bancorp                              | Sierra Bancorp COM                                 | CUSIP: 82620P102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7400 | NS      | $219706.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| SIGA Technologies Inc.                      | SIGA Technologies Inc. COM                         | CUSIP: 826917106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     49800 | NS      | $324696.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Six Flags Entertainment Corp.               | Six Flags Entertainment Corp. COM                  | CUSIP: 83001C108<br>LEI: 529900AS2CYWYFHRS781 | Long             | EC               | CORP              | US        |     50183 | NS      | $1527068.67   | 0.28%             |  |  |  | No            |                  1 | On Loan: —       |
| Sonic Automotive, Inc.                      | Sonic Automotive, Inc. CL A                        | CUSIP: 83545G102<br>LEI: 549300NTLRGJ2JCBZU03 | Long             | EC               | CORP              | US        |     10300 | NS      | $823279.00    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| South Plains Financial Inc.                 | South Plains Financial Inc. COM                    | CUSIP: 83946P107<br>LEI: 549300SNEBP48642N493 | Long             | EC               | CORP              | US        |      4800 | NS      | $172992.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Southern Missouri Bancorp Inc.              | Southern Missouri Bancorp Inc. COM                 | CUSIP: 843380106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6500 | NS      | $356070.00    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Spire Inc                                   | Spire Inc COM                                      | CUSIP: 84857L101<br>LEI: 549300NXSY15DRY2R511 | Long             | EC               | CORP              | US        |      9200 | NS      | $671508.00    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Sun Country Airlines Holdings Inc.          | Sun Country Airlines Holdings Inc. COM             | CUSIP: 866683105<br>LEI: 549300MOHOJN9GH0NJ48 | Long             | EC               | CORP              | US        |     13100 | NS      | $153925.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Sylvamo Corp.                               | Sylvamo Corp. COMMON STOCK                         | CUSIP: 871332102<br>LEI: 5493001AOYU1ZOWOC971 | Long             | EC               | CORP              | US        |      6800 | NS      | $340680.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| TD Synnex Corp                              | TD Synnex Corp COM                                 | CUSIP: 87162W100<br>LEI: 5493004HI6PFLF46NS53 | Long             | EC               | CORP              | US        |     34167 | NS      | $4636461.86   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| TTM Technologies Inc                        | TTM Technologies Inc COM NPV                       | CUSIP: 87305R109<br>LEI: 549300SC4BDOIS008048 | Long             | EC               | CORP              | US        |    168858 | NS      | $6892783.57   | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Talos Energy Inc                            | Talos Energy Inc COM                               | CUSIP: 87484T108<br>LEI: 549300OKFHZ84SFJFT95 | Long             | EC               | CORP              | US        |     77600 | NS      | $658048.00    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Thermon Group Holdings Inc                  | Thermon Group Holdings Inc COM                     | CUSIP: 88362T103<br>LEI: 529900ZNZBBLDE77MZ38 | Long             | EC               | CORP              | US        |     25700 | NS      | $721656.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Titan Machinery Inc.                        | Titan Machinery Inc. COM                           | CUSIP: 88830R101<br>LEI: 549300835ZM8G0BT5C94 | Long             | EC               | CORP              | US        |     38300 | NS      | $758723.00    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| TowneBank (Portsmouth Virginia)             | TowneBank (Portsmouth Virginia) COM                | CUSIP: 89214P109<br>LEI: 54930039UO39UJGI7078 | Long             | EC               | CORP              | US        |      5300 | NS      | $181154.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Travel Plus Leisure Co                      | Travel Plus Leisure Co COM                         | CUSIP: 894164102<br>LEI: T4VNTWMFQ7JQB65L7T35 | Long             | EC               | CORP              | US        |     13600 | NS      | $701896.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| TriCo Bancshares                            | TriCo Bancshares COM                               | CUSIP: 896095106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     12800 | NS      | $518272.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Trimas Corporation                          | Trimas Corporation COM NEW                         | CUSIP: 896215209<br>LEI: 75G1WUQ8QK4P5MZOYD78 | Long             | EC               | CORP              | US        |    127057 | NS      | $3635100.78   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Trueblue Inc                                | Trueblue Inc COM                                   | CUSIP: 89785X101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     58900 | NS      | $381672.00    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Trustco Bank Corp NY                        | Trustco Bank Corp NY COM NEW                       | CUSIP: 898349204<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     15500 | NS      | $518010.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| UFP Technologies Inc.                       | UFP Technologies Inc. COM                          | CUSIP: 902673102<br>LEI: 549300RJ8LY41HS70C91 | Long             | EC               | CORP              | US        |      4842 | NS      | $1182222.75   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| UFP Industries Inc                          | UFP Industries Inc COM                             | CUSIP: 90278Q108<br>LEI: 5493007KB485C9OV5572 | Long             | EC               | CORP              | US        |     34770 | NS      | $3454747.19   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| VSE Corp.                                   | VSE Corp. COM                                      | CUSIP: 918284100<br>LEI: 549300QWJYQDH4U5XI15 | Long             | EC               | CORP              | US        |     33086 | NS      | $4333604.34   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Pursuit Attractions and Hospitality Inc     | Pursuit Attractions and Hospitality Inc COM        | CUSIP: 92552R406<br>LEI: 549300PXU4ZW7LPO5Y40 | Long             | EC               | CORP              | US        |     77143 | NS      | $2224032.68   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Virtus Investment Partners Inc.             | Virtus Investment Partners Inc. COM                | CUSIP: 92828Q109<br>LEI: 549300HWF93HB8BDM648 | Long             | EC               | CORP              | US        |      3980 | NS      | $721972.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Washington Trust Bancorp Inc.               | Washington Trust Bancorp Inc. COM                  | CUSIP: 940610108<br>LEI: J66MZFCNJPP3PERHZW54 | Long             | EC               | CORP              | US        |     25000 | NS      | $707000.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Alliance Bancorp                    | Western Alliance Bancorp COM                       | CUSIP: 957638109<br>LEI: 5493003VJXZ5JXT9S762 | Long             | EC               | CORP              | US        |     52165 | NS      | $4067826.70   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| The Western Union Company                   | The Western Union Company COM                      | CUSIP: 959802109<br>LEI: 28ID94QU1140NC23S047 | Long             | EC               | CORP              | US        |     56800 | NS      | $478256.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| WEX Inc                                     | WEX Inc COM                                        | CUSIP: 96208T104<br>LEI: T9M5IGROL1TL1G5OV478 | Long             | EC               | CORP              | US        |     22677 | NS      | $3331024.53   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellium SE                              | Constellium SE CL A SHS                            | CUSIP: F21107101<br>LEI: 724500KRJEMC79KAAU28 | Long             | EC               | CORP              | FR        |     24100 | NS      | $320530.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Assured Guaranty Ltd.                       | Assured Guaranty Ltd. COM USD0.01                  | CUSIP: G0585R106<br>LEI: 549300BBOQUJEPH87M14 | Long             | EC               | CORP              | BM        |      3600 | NS      | $313560.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelis Insurance Holdings Ltd.             | Fidelis Insurance Holdings Ltd. COM                | CUSIP: G3398L118<br>LEI: 549300CDMGCAGJQ7DX03 | Long             | EC               | CORP              | BM        |    159781 | NS      | $2649168.92   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Marex Group Plc                             | Marex Group Plc ORD                                | CUSIP: G5S37H101<br>LEI: 549300DWX0SVICJAL507 | Long             | EC               | CORP              | GB        |    105162 | NS      | $4150744.15   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| National Energy Services Reunited Corp.     | National Energy Services Reunited Corp. SHS        | CUSIP: G6375R107<br>LEI: N/A                  | Long             | EC               | CORP              | VG        |     46200 | NS      | $278124.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: —       |
| International Seaways Inc.                  | International Seaways Inc. COM NPV                 | CUSIP: Y41053102<br>LEI: 549300YUFDGFRNGBWF46 | Long             | EC               | CORP              | MH        |     53272 | NS      | $1943362.55   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

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

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

**Signature:** /s/Kelly New

**Name of Signer:** Kelly New

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