# EDGAR Filing Document

**Accession Number:** 0000796229
**File Stem:** 0000940400-25-012124
**Filing Date:** 2025-12
**Character Count:** 97259
**Document Hash:** 6ec907d1d43bbd15ab597285a4c747dc
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-25-012124.hdr.sgml**: 20251201

**ACCESSION NUMBER**: 0000940400-25-012124

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251201

**DATE AS OF CHANGE**: 20251128

**PERIOD START**: 20250930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** TETON WESTWOOD FUNDS
- **CENTRAL INDEX KEY:** 0000796229

**ORGANIZATION NAME:**
- **EIN:** 133625130
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04719
- **FILM NUMBER:** 251536775

**BUSINESS ADDRESS:**
- **STREET 1:** ONE CORPORATE CENTER
- **CITY:** RYE
- **STATE:** NY
- **ZIP:** 10580
- **BUSINESS PHONE:** 8004223554

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** GAMCO WESTWOOD FUNDS
- **DATE OF NAME CHANGE:** 20091130

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** WESTWOOD FUNDS
- **DATE OF NAME CHANGE:** 20060621

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** GABELLI WESTWOOD FUNDS
- **DATE OF NAME CHANGE:** 19980304

## Series and Classes Contracts Data

### TETON WESTWOOD MIGHTY MITES FUND (Series ID: S000001084)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000002927 | CLASS A      | WMMAX           |
| C000002928 | CLASS AAA    | WEMMX           |
| C000002930 | CLASS C      | WMMCX           |
| C000061067 | Class I      | WEIMX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Teton Westwood Funds

- **b. Investment Company Act file number:** 811-04719

- **c. CIK number of Registrant:** 0000796229

- **d. LEI of Registrant:** 549300F5AG1CXKI4KV24

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

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

  - **City:** Rye

  - **State:** NY

  - **Foreign country:** US

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

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

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

- **a. Name of Series:** TETON Westwood Mighty Mites Fund

- **b. EDGAR series identifier (if any):** S000001084

- **c. LEI of Series:** 549300JUY04NEGW0GF03

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

- **a. Date of fiscal year-end:** 2025-09-30

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $202717315.24

**Total Liabilities:** $543823.33

**Net Assets:** $202173491.91

**Assets Attributable to Miscellaneous Securities:** $240182.60

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000002928 | 1.42%                | 6.01%                | 0.69%                |
| Class ID C000002930 | 1.40%                | 5.94%                | 0.62%                |
| Class ID C000061067 | 1.48%                | 6.01%                | 0.72%                |
| Class ID C000002927 | 1.51%                | 5.94%                | 0.67%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $2615911.42              | $505925.82                                 |
| Month 2  | $3199161.07              | $8350503.47                                |
| Month 3  | $558397.36               | $634534.34                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| York Water Co/The              | York Water Co/The                                    | CUSIP: 987184108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     36160 | NS      | $1099987.20   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Artesian Resources Corp        | Artesian Resources Corp                              | CUSIP: 043113208<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     31320 | NS      | $1020875.40   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Bel Fuse Inc                   | Bel Fuse Inc                                         | CUSIP: 077347201<br>LEI: 2549009L4XYDBRRY6X39 | Long             | EC               | CORP              | US        |     14122 | NS      | $1643094.70   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Southside Bancshares Inc       | Southside Bancshares Inc                             | CUSIP: 84470P109<br>LEI: 549300TC83207VQA2K65 | Long             | EC               | CORP              | US        |      4300 | NS      | $121475.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| FRP Holdings Inc               | FRP Holdings Inc                                     | CUSIP: 30292L107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     35000 | NS      | $852600.00    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Bassett Furniture Industries I | Bassett Furniture Industries Inc                     | CUSIP: 070203104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10000 | NS      | $156400.00    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Gibraltar Industries Inc       | Gibraltar Industries Inc                             | CUSIP: 374689107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     54500 | NS      | $3422600.00   | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Graham Corp                    | Graham Corp                                          | CUSIP: 384556106<br>LEI: 254900EI9P4LTY524J77 | Long             | EC               | CORP              | US        |     34600 | NS      | $1899540.00   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlantic Union Bankshares Corp | Atlantic Union Bankshares Corp                       | CUSIP: 04911A107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     32200 | NS      | $1136338.00   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Twin Disc Inc                  | Twin Disc Inc                                        | CUSIP: 901476101<br>LEI: 549300FR8EHCY14BLP32 | Long             | EC               | CORP              | US        |     97500 | NS      | $1359150.00   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| VITASOY INT'L                  | Vitasoy International Holdings Ltd                   | CUSIP: 000000000<br>LEI: 5493003LPGHN62KWIZ77 | Long             | EC               | CORP              | HK        |    207400 | NS      | $224937.97    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Beasley Broadcast Group Inc    | Beasley Broadcast Group Inc                          | CUSIP: 074014200<br>LEI: 549300R5FEOSY86VTY76 | Long             | EC               | CORP              | US        |      2200 | NS      | $11880.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill                          | CUSIP: 912797NU7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    415000 | PA      | $411183.15    | 0.20%             | 2025-12-26      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Strattec Security Corp         | Strattec Security Corp                               | CUSIP: 863111100<br>LEI: 549300Z394OP8S8TSR40 | Long             | EC               | CORP              | US        |     35500 | NS      | $2416130.00   | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Digi International Inc         | Digi International Inc                               | CUSIP: 253798102<br>LEI: 529900KG656HGROI4N27 | Long             | EC               | CORP              | US        |      8000 | NS      | $291680.00    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| DREAM Unlimited Corp           | DREAM Unlimited Corp                                 | CUSIP: 26153M507<br>LEI: 549300OLZNGGLFVS4206 | Long             | EC               | CORP              | CA        |     28000 | NS      | $416670.26    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| American Outdoor Brands Inc    | American Outdoor Brands Inc                          | CUSIP: 02875D109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    115957 | NS      | $1006506.76   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Preformed Line Products Co     | Preformed Line Products Co                           | CUSIP: 740444104<br>LEI: 549300EYH53XDJID2098 | Long             | EC               | CORP              | US        |       200 | NS      | $39230.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Manitowoc Co Inc/The           | Manitowoc Co Inc/The                                 | CUSIP: 563571405<br>LEI: 2RTSLGQ89VMY18RHX631 | Long             | EC               | CORP              | US        |     14400 | NS      | $144144.00    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Magnera Corp                   | Magnera Corp                                         | CUSIP: 55939A107<br>LEI: 549300LDQLQBT38QDY28 | Long             | EC               | CORP              | US        |      1923 | NS      | $22537.56     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| SkyWater Technology Inc        | SkyWater Technology Inc                              | CUSIP: 83089J108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     60484 | NS      | $1128631.44   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| MSA Safety Inc                 | MSA Safety Inc                                       | CUSIP: 553498106<br>LEI: 529900DVA3258XK11O39 | Long             | EC               | CORP              | US        |      4100 | NS      | $705487.00    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Churchill Downs Inc            | Churchill Downs Inc                                  | CUSIP: 171484108<br>LEI: 529900FODTBQC8MIS994 | Long             | EC               | CORP              | US        |       800 | NS      | $77608.00     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| ConnectOne Bancorp Inc         | ConnectOne Bancorp Inc                               | CUSIP: 20786W107<br>LEI: 549300E2M5ZYAZKUK134 | Long             | EC               | CORP              | US        |      4500 | NS      | $111645.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Valley National Bancorp        | Valley National Bancorp                              | CUSIP: 919794107<br>LEI: 549300ET52S1UBIB9762 | Long             | EC               | CORP              | US        |     43200 | NS      | $457920.00    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Western New England Bancorp In | Western New England Bancorp Inc                      | CUSIP: 958892101<br>LEI: 549300Y8QE4EI2LP6B42 | Long             | EC               | CORP              | US        |     67000 | NS      | $804670.00    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Renasant Corp                  | Renasant Corp                                        | CUSIP: 75970E107<br>LEI: 549300OVE6OZHW2UUH81 | Long             | EC               | CORP              | US        |     25530 | NS      | $941801.70    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| First Internet Bancorp         | First Internet Bancorp                               | CUSIP: 320557101<br>LEI: 549300T25MP2M92XU194 | Long             | EC               | CORP              | US        |     10000 | NS      | $224300.00    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Hanover Foods Corp             | Hanover Foods Corp                                   | CUSIP: 41078W100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1350 | NS      | $60750.00     | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Reading International Inc      | Reading International Inc                            | CUSIP: 755408101<br>LEI: 549300OHQRI7MW2NQU72 | Long             | EC               | CORP              | US        |    151500 | NS      | $222705.00    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Seacoast Banking Corp of Flori | Seacoast Banking Corp of Florida                     | CUSIP: 811707801<br>LEI: 549300V6IC06XYQYPG88 | Long             | EC               | CORP              | US        |      2500 | NS      | $76075.00     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| 1-800-Flowers.com Inc          | 1-800-Flowers.com Inc                                | CUSIP: 68243Q106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    106000 | NS      | $487600.00    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Cadence Bank                   | Cadence Bank                                         | CUSIP: 12740C103<br>LEI: Q7C315HKI8VX0SSKBS64 | Long             | EC               | CORP              | US        |      6000 | NS      | $225240.00    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| QuidelOrtho Corp               | QuidelOrtho Corp                                     | CUSIP: 219798105<br>LEI: 549300YU8CMO9HF53113 | Long             | EC               | CORP              | US        |      2500 | NS      | $73625.00     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Burnham Holdings Inc           | Burnham Holdings Inc                                 | CUSIP: 122295108<br>LEI: 549300VHOKZIOWQUFV59 | Long             | EC               | CORP              | US        |    150800 | NS      | $3736070.00   | 1.85%             |  |  |  | No            |                  2 | On Loan: No      |
| Napco Security Technologies In | Napco Security Technologies Inc                      | CUSIP: 630402105<br>LEI: 529900KV21J4YY9YST76 | Long             | EC               | CORP              | US        |      3000 | NS      | $128850.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Inspired Entertainment Inc     | Inspired Entertainment Inc                           | CUSIP: 45782N108<br>LEI: 549300ZUGYK6NBIU6D69 | Long             | EC               | CORP              | US        |    202900 | NS      | $1903202.00   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Marcus Corp/The                | Marcus Corp/The                                      | CUSIP: 566330106<br>LEI: 549300NL0OKPNEMP6B79 | Long             | EC               | CORP              | US        |     69000 | NS      | $1070190.00   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill                          | CUSIP: 912797QS9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     60000 | PA      | $59584.53     | 0.03%             | 2025-12-04      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Casella Waste Systems Inc      | Casella Waste Systems Inc                            | CUSIP: 147448104<br>LEI: 8EU0XUFVJ48U37IIDH51 | Long             | EC               | CORP              | US        |      9910 | NS      | $940260.80    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| CTS Corp                       | CTS Corp                                             | CUSIP: 126501105<br>LEI: 549300YV1HQLBVHOI649 | Long             | EC               | CORP              | US        |     65000 | NS      | $2596100.00   | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Core Molding Technologies Inc  | Core Molding Technologies Inc                        | CUSIP: 218683100<br>LEI: 549300ZY2MFRXCKVIJ28 | Long             | EC               | CORP              | US        |     84874 | NS      | $1744160.70   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Stratasys Ltd                  | Stratasys Ltd                                        | CUSIP: 000000000<br>LEI: 529900MU215GIP9SZ741 | Long             | EC               | CORP              | US        |     10000 | NS      | $112000.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| AmBase Corp                    | AmBase Corp                                          | CUSIP: 023164106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    112000 | NS      | $31808.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| J & J Snack Foods Corp         | J & J Snack Foods Corp                               | CUSIP: 466032109<br>LEI: 894500IGP1Y2ZQFQMJ83 | Long             | EC               | CORP              | US        |       500 | NS      | $48045.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Minerals Technologies Inc      | Minerals Technologies Inc                            | CUSIP: 603158106<br>LEI: 549300D3I1QU67GP6403 | Long             | EC               | CORP              | US        |      3500 | NS      | $217420.00    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| OR Royalties Inc               | OR Royalties Inc                                     | CUSIP: 68390D106<br>LEI: 549300TJZTXZMPQ6K004 | Long             | EC               | CORP              | CA        |     17200 | NS      | $689384.21    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Dana Inc                       | Dana Inc                                             | CUSIP: 235825205<br>LEI: KVWHW7YLZPFJM8QYNJ51 | Long             | EC               | CORP              | US        |     14000 | NS      | $280560.00    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Capital Properties Inc         | Capital Properties Inc                               | CUSIP: 140430109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    116700 | NS      | $1301205.00   | 0.64%             |  |  |  | No            |                  2 | On Loan: No      |
| GOODBABY INTL                  | Goodbaby International Holdings Ltd                  | CUSIP: 000000000<br>LEI: 5299001OEMI45O3O6H29 | Long             | EC               | CORP              | CN        |   1000000 | NS      | $164483.20    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Crimson Wine Group Ltd         | Crimson Wine Group Ltd                               | CUSIP: 22662X100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    233000 | NS      | $1207732.20   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Scheid Vineyards Inc           | Scheid Vineyards Inc                                 | CUSIP: 806403200<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2300 | NS      | $7107.00      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| TKO Group Holdings Inc         | TKO Group Holdings Inc                               | CUSIP: 87256C101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       900 | NS      | $181764.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal Signal Corp            | Federal Signal Corp                                  | CUSIP: 313855108<br>LEI: 549300RTXZRPTNP6G884 | Long             | EC               | CORP              | US        |      3800 | NS      | $452162.00    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameris Bancorp                 | Ameris Bancorp                                       | CUSIP: 03076K108<br>LEI: PBJHNT51T5V6G5UQFV42 | Long             | EC               | CORP              | US        |      1000 | NS      | $73310.00     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| CareDx Inc                     | CareDx Inc                                           | CUSIP: 14167L103<br>LEI: 549300NQOFKL9NON0U06 | Long             | EC               | CORP              | US        |      7000 | NS      | $101780.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Astronics Corp                 | Astronics Corp                                       | CUSIP: 046433108<br>LEI: 549300NNXCF8H4MSMK17 | Long             | EC               | CORP              | US        |    110000 | NS      | $5017100.00   | 2.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Willamette Valley Vineyards In | Willamette Valley Vineyards Inc                      | CUSIP: 969136100<br>LEI: 549300EVPVY057V3C517 | Long             | EC               | CORP              | US        |     23000 | NS      | $83720.00     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Farmers & Merchants Bank of Lo | Farmers & Merchants Bank of Long Beach/Long Beach CA | CUSIP: 308243104<br>LEI: 25490049RRVB8S6CG210 | Long             | EC               | CORP              | US        |        98 | NS      | $699720.00    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Northrim BanCorp Inc           | Northrim BanCorp Inc                                 | CUSIP: 666762109<br>LEI: 5493006X7RLLTZ3SG075 | Long             | EC               | CORP              | US        |     13600 | NS      | $294576.00    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Shenandoah Telecommunications  | Shenandoah Telecommunications Co                     | CUSIP: 82312B106<br>LEI: 549300XH3H4OUKFPHS84 | Long             | EC               | CORP              | US        |      2400 | NS      | $32208.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Caesars Entertainment Inc      | Caesars Entertainment Inc                            | CUSIP: 12769G100<br>LEI: 549300FA4CTCW903Y781 | Long             | EC               | CORP              | US        |      8500 | NS      | $229712.50    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Rush Enterprises Inc           | Rush Enterprises Inc                                 | CUSIP: 781846209<br>LEI: 529900V3XHTN7A6DFT17 | Long             | EC               | CORP              | US        |      8000 | NS      | $427760.00    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Big 5 Sporting Goods Corp      | Big 5 Sporting Goods Corp                            | CUSIP: 08915P101<br>LEI: 529900BFAM7VKQMKUC49 | Long             | EC               | CORP              | US        |     80000 | NS      | $115200.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Utah Medical Products Inc      | Utah Medical Products Inc                            | CUSIP: 917488108<br>LEI: 5493002R27BBGV8DID60 | Long             | EC               | CORP              | US        |      1000 | NS      | $62970.00     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Playmates Holdings Ltd         | Playmates Holdings Ltd                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | HK        |   2200000 | NS      | $147006.86    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Mesa Laboratories Inc          | Mesa Laboratories Inc                                | CUSIP: 59064R109<br>LEI: 549300ZCG738WLX8ZW79 | Long             | EC               | CORP              | US        |      1400 | NS      | $93814.00     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| AZZ Inc                        | AZZ Inc                                              | CUSIP: 002474104<br>LEI: 549300HD1X2NFLWPYC83 | Long             | EC               | CORP              | US        |      3900 | NS      | $425607.00    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| NeoGenomics Inc                | NeoGenomics Inc                                      | CUSIP: 64049M209<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     53100 | NS      | $409932.00    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Zimvie Inc                     | Zimvie Inc                                           | CUSIP: 98888T107<br>LEI: 549300GFKURT1J6XR665 | Long             | EC               | CORP              | US        |     65000 | NS      | $1231100.00   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Cadiz Inc                      | Cadiz Inc                                            | CUSIP: 127537207<br>LEI: 549300PFFIS1TCKZS151 | Long             | EC               | CORP              | US        |      8500 | NS      | $40120.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Stoneridge Inc                 | Stoneridge Inc                                       | CUSIP: 86183P102<br>LEI: PNBCIH9LE7WI83VJIF08 | Long             | EC               | CORP              | US        |     26000 | NS      | $198120.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Tanami Gold NL                 | Tanami Gold NL                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |    400000 | NS      | $16674.84     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Jungheinrich AG                | Jungheinrich AG                                      | CUSIP: 000000000<br>LEI: 529900PHZORTU6FSXE73 | Long             | EP               | CORP              | DE        |      6300 | NS      | $218640.98    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Lifetime Brands Inc            | Lifetime Brands Inc                                  | CUSIP: 53222Q103<br>LEI: 549300GS38DC0OHLYK32 | Long             | EC               | CORP              | US        |     98500 | NS      | $381195.00    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Vishay Precision Group Inc     | Vishay Precision Group Inc                           | CUSIP: 92835K103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     30035 | NS      | $962621.75    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Marine Products Corp           | Marine Products Corp                                 | CUSIP: 568427108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    243500 | NS      | $2159845.00   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Stellar Bancorp Inc            | Stellar Bancorp Inc                                  | CUSIP: 858927106<br>LEI: 54930070P8Z0WHFBB536 | Long             | EC               | CORP              | US        |     55500 | NS      | $1683870.00   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Neogen Corp                    | Neogen Corp                                          | CUSIP: 640491106<br>LEI: 549300HJT9FC36N4UW43 | Long             | EC               | CORP              | US        |    186160 | NS      | $1062973.60   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Neuronetics Inc                | Neuronetics Inc                                      | CUSIP: 64131A105<br>LEI: 549300T0911ILTTG7P06 | Long             | EC               | CORP              | US        |      5000 | NS      | $13650.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Farmers National Banc Corp     | Farmers National Banc Corp                           | CUSIP: 309627107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     37800 | NS      | $544698.00    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| T Hasegawa Co Ltd              | T Hasegawa Co Ltd                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      4000 | NS      | $78845.05     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Modine Manufacturing Co        | Modine Manufacturing Co                              | CUSIP: 607828100<br>LEI: Z35SZFYJR8GZZRSIUU09 | Long             | EC               | CORP              | US        |      3000 | NS      | $426480.00    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Velan Inc                      | Velan Inc                                            | CUSIP: 922932108<br>LEI: 549300DB4US7WDCNNN28 | Long             | EC               | CORP              | CA        |      6700 | NS      | $75102.39     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Farmer Bros Co                 | Farmer Bros Co                                       | CUSIP: 307675108<br>LEI: 5493006PMLETBTVJ3262 | Long             | EC               | CORP              | US        |    313809 | NS      | $536613.39    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| KKR & Co Inc                   | KKR & Co Inc                                         | CUSIP: 48251W104<br>LEI: 54930013V5I303TF9571 | Long             | EC               | CORP              | US        |     14500 | NS      | $1884275.00   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Silvercrest Asset Management G | Silvercrest Asset Management Group Inc               | CUSIP: 828359109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     55000 | NS      | $866250.00    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Arlo Technologies Inc          | Arlo Technologies Inc                                | CUSIP: 04206A101<br>LEI: 549300T4EUX2OQ75HV52 | Long             | EC               | CORP              | US        |     62000 | NS      | $1050900.00   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Hope Bancorp Inc               | Hope Bancorp Inc                                     | CUSIP: 43940T109<br>LEI: 549300UTF4QGMBHIZ219 | Long             | EC               | CORP              | US        |      9030 | NS      | $97253.10     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Badger Meter Inc               | Badger Meter Inc                                     | CUSIP: 056525108<br>LEI: 5493002JENE20OGTUG20 | Long             | EC               | CORP              | US        |      3250 | NS      | $580385.00    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Thomasville Bancshares Inc     | Thomasville Bancshares Inc                           | CUSIP: 884608100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5400 | NS      | $477360.00    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| InfuSystem Holdings Inc        | InfuSystem Holdings Inc                              | CUSIP: 45685K102<br>LEI: 549300F58N8PHJ4QUI59 | Long             | EC               | CORP              | US        |    185000 | NS      | $1916600.00   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| TrustCo Bank Corp NY           | TrustCo Bank Corp NY                                 | CUSIP: 898349204<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4620 | NS      | $167706.00    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Tredegar Corp                  | Tredegar Corp                                        | CUSIP: 894650100<br>LEI: 54930003228ERHCH6K87 | Long             | EC               | CORP              | US        |    121000 | NS      | $971630.00    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Distribution Solutions Group I | Distribution Solutions Group Inc                     | CUSIP: 520776105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    106000 | NS      | $3188480.00   | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| DU-ART FILM LABS INC           | DU-ART FILM LABS INC                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4100 | NS      | $4944.60      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Consolidated Water Co Ltd      | Consolidated Water Co Ltd                            | CUSIP: 000000000<br>LEI: 5299001BMEW8X9VIJA73 | Long             | EC               | CORP              | KY        |     32500 | NS      | $1146600.00   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Gorman-Rupp Co/The             | Gorman-Rupp Co/The                                   | CUSIP: 383082104<br>LEI: 254900WVLPOIWPGJPA07 | Long             | EC               | CORP              | US        |     47200 | NS      | $2190552.00   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Capitol Federal Financial Inc  | Capitol Federal Financial Inc                        | CUSIP: 14057J101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2500 | NS      | $15875.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Methode Electronics Inc        | Methode Electronics Inc                              | CUSIP: 591520200<br>LEI: 529900VM413LGLUS3F07 | Long             | EC               | CORP              | US        |      1690 | NS      | $12759.50     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Nobility Homes Inc             | Nobility Homes Inc                                   | CUSIP: 654892108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     95450 | NS      | $2863500.00   | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| STERIS PLC                     | STERIS PLC                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       900 | NS      | $222696.00    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| LeMaitre Vascular Inc          | LeMaitre Vascular Inc                                | CUSIP: 525558201<br>LEI: 549300FZUBUB7MHY8R17 | Long             | EC               | CORP              | US        |      2000 | NS      | $175020.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| BellRing Brands Inc            | BellRing Brands Inc                                  | CUSIP: 07831C103<br>LEI: 549300S3BOK5CMTS8054 | Long             | EC               | CORP              | US        |     10000 | NS      | $363500.00    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Movado Group Inc               | Movado Group Inc                                     | CUSIP: 624580106<br>LEI: 549300WCGCGPWGHVXM59 | Long             | EC               | CORP              | US        |     62100 | NS      | $1178037.00   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Eastern Co/The                 | Eastern Co/The                                       | CUSIP: 276317104<br>LEI: 5493005F8SU7UCM5D285 | Long             | EC               | CORP              | US        |    140365 | NS      | $3292962.90   | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| A10 Networks Inc               | A10 Networks Inc                                     | CUSIP: 002121101<br>LEI: 549300UQD4IWUML81Q35 | Long             | EC               | CORP              | US        |     36000 | NS      | $653400.00    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Ducommun Inc                   | Ducommun Inc                                         | CUSIP: 264147109<br>LEI: 549300Z71HMWF90S2214 | Long             | EC               | CORP              | US        |     46000 | NS      | $4421980.00   | 2.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Guaranty Corp/Baton Rouge LA   | Guaranty Corp/Baton Rouge LA                         | CUSIP: 401072103<br>LEI: 5493007773PR0MC5QW48 | Long             | EC               | CORP              | US        |        10 | NS      | $660000.00    | 0.33%             |  |  |  | No            |                  3 | On Loan: No      |
| Steel Partners Holdings LP     | Steel Partners Holdings LP                           | CUSIP: 85814R107<br>LEI: 5493009U8Z59G5SIZ389 | Long             | EC               | CORP              | US        |     13000 | NS      | $549380.00    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Option Care Health Inc         | Option Care Health Inc                               | CUSIP: 68404L201<br>LEI: 549300DI3Q5ACSYJRI17 | Long             | EC               | CORP              | US        |     17368 | NS      | $482135.68    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Middleby Corp/The              | Middleby Corp/The                                    | CUSIP: 596278101<br>LEI: JDFO86U9VQRBKW5KYA35 | Long             | EC               | CORP              | US        |      2000 | NS      | $265860.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Pursuit Attractions and Hospit | Pursuit Attractions and Hospitality Inc              | CUSIP: 92552R406<br>LEI: 549300PXU4ZW7LPO5Y40 | Long             | EC               | CORP              | US        |     10000 | NS      | $361800.00    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| COMM SYS/PINEAPPLE HLDGS CVR   | COMM SYS/PINEAPPLE HLDGS CVR                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     85500 | NS      | $5130.00      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Entravision Communications Cor | Entravision Communications Corp                      | CUSIP: 29382R107<br>LEI: 549300SKHY2ALCLKV539 | Long             | EC               | CORP              | US        |     47927 | NS      | $111669.91    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Monro Inc                      | Monro Inc                                            | CUSIP: 610236101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     47000 | NS      | $844590.00    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill                          | CUSIP: 912797QY6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    110000 | PA      | $109166.93    | 0.05%             | 2025-12-11      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Niagen Bioscience Inc          | Niagen Bioscience Inc                                | CUSIP: 171077407<br>LEI: 529900OPI7B8JPXCVS70 | Long             | EC               | CORP              | US        |     25000 | NS      | $233250.00    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Natural Grocers by Vitamin Cot | Natural Grocers by Vitamin Cottage Inc               | CUSIP: 63888U108<br>LEI: 529900P4OTXDGBUS3O87 | Long             | EC               | CORP              | US        |      5000 | NS      | $200000.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Eagle Bancorp Inc              | Eagle Bancorp Inc                                    | CUSIP: 268948106<br>LEI: 549300B47NZODRMG3D47 | Long             | EC               | CORP              | US        |      2000 | NS      | $40440.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| DMG Mori AG                    | DMG Mori AG                                          | CUSIP: 000000000<br>LEI: 529900HXE4EQIHJY8518 | Long             | EC               | CORP              | DE        |      4400 | NS      | $239694.05    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Iwatsuka Confectionery Co Ltd  | Iwatsuka Confectionery Co Ltd                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     37000 | NS      | $780606.55    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Tennant Co                     | Tennant Co                                           | CUSIP: 880345103<br>LEI: JYAIRLT8DVP6DP8UT336 | Long             | EC               | CORP              | US        |      8700 | NS      | $705222.00    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Pan American Silver Corp       | Pan American Silver Corp                             | CUSIP: 697900132<br>LEI: 549300MKTF5851TYIB83 | Long             | EC               | CORP              | CA        |     60000 | NS      | $20994.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Park Aerospace Corp            | Park Aerospace Corp                                  | CUSIP: 70014A104<br>LEI: 5299004AG0G7IB636095 | Long             | EC               | CORP              | US        |     42000 | NS      | $854280.00    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Hawkins Inc                    | Hawkins Inc                                          | CUSIP: 420261109<br>LEI: 549300VL3IJ23OWX1Y34 | Long             | EC               | CORP              | US        |      4500 | NS      | $822240.00    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Gray Media Inc                 | Gray Media Inc                                       | CUSIP: 389375106<br>LEI: 529900TM5726KDN7UU35 | Long             | EC               | CORP              | US        |    236740 | NS      | $1368357.20   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| I3 Verticals Inc               | I3 Verticals Inc                                     | CUSIP: 46571Y107<br>LEI: 549300944CYWVP06CJ97 | Long             | EC               | CORP              | US        |     35000 | NS      | $1136100.00   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Alithya Group Inc              | Alithya Group Inc                                    | CUSIP: 01643B106<br>LEI: 549300KFFXPJJY1FDW42 | Long             | EC               | CORP              | CA        |    507000 | NS      | $638820.00    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Burke & Herbert Financial Serv | Burke & Herbert Financial Services Corp              | CUSIP: 12135Y108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2000 | NS      | $123380.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Titan Machinery Inc            | Titan Machinery Inc                                  | CUSIP: 88830R101<br>LEI: 549300835ZM8G0BT5C94 | Long             | EC               | CORP              | US        |     86000 | NS      | $1439640.00   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| United-Guardian Inc            | United-Guardian Inc                                  | CUSIP: 910571108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     53961 | NS      | $420895.80    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Universal Technical Institute  | Universal Technical Institute Inc                    | CUSIP: 913915104<br>LEI: 2549003YOJGAZ0PVFV48 | Long             | EC               | CORP              | US        |     10000 | NS      | $325500.00    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitek Systems Inc              | Mitek Systems Inc                                    | CUSIP: 606710200<br>LEI: 549300ABZAQ3R25XG118 | Long             | EC               | CORP              | US        |     94000 | NS      | $918380.00    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Canterbury Park Holding Corp   | Canterbury Park Holding Corp                         | CUSIP: 13811E101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1000 | NS      | $16180.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Medallion Financial Corp       | Medallion Financial Corp                             | CUSIP: 583928106<br>LEI: 549300FJ4FMGJ2C34Y48 | Long             | EC               | CORP              | US        |     60000 | NS      | $606000.00    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlantic American Corp         | Atlantic American Corp                               | CUSIP: 048209100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     19000 | NS      | $54625.00     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| MYR Group Inc                  | MYR Group Inc                                        | CUSIP: 55405W104<br>LEI: 529900G1IMMZHOQ17I54 | Long             | EC               | CORP              | US        |      6000 | NS      | $1248180.00   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Herc Holdings Inc              | Herc Holdings Inc                                    | CUSIP: 42704L104<br>LEI: 549300TP80QLITMSBP82 | Long             | EC               | CORP              | US        |       400 | NS      | $46664.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Bridgford Foods Corp           | Bridgford Foods Corp                                 | CUSIP: 108763103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1500 | NS      | $11917.50     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Ampco-Pittsburgh Corp          | Ampco-Pittsburgh Corp                                | CUSIP: 032037103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    108500 | NS      | $248465.00    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Tejon Ranch Co                 | Tejon Ranch Co                                       | CUSIP: 879080109<br>LEI: 549300TMNDO77VJ6J111 | Long             | EC               | CORP              | US        |     83000 | NS      | $1326340.00   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Diamond Hill Investment Group  | Diamond Hill Investment Group Inc                    | CUSIP: 25264R207<br>LEI: 549300AQ6779A0B7VZ57 | Long             | EC               | CORP              | US        |      1000 | NS      | $140010.00    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Exelixis Inc                   | Exelixis Inc                                         | CUSIP: 30161Q104<br>LEI: 254900PJQB59O2O95R37 | Long             | EC               | CORP              | US        |     50000 | NS      | $2065000.00   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| 3D Systems Corp                | 3D Systems Corp                                      | CUSIP: 88554D205<br>LEI: 5493003HHDOCCW4OP744 | Long             | EC               | CORP              | US        |     40000 | NS      | $116000.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Sportech PLC                   | Sportech PLC                                         | CUSIP: 000000000<br>LEI: 2138003BHYUQWAYGSK09 | Long             | EC               | CORP              | GB        |     53000 | NS      | $59874.95     | 0.03%             |  |  |  | No            |                  3 | On Loan: No      |
| Trans-Lux Corp                 | Trans-Lux Corp                                       | CUSIP: 893247304<br>LEI: 5493008JY5051036PN38 | Long             | EC               | CORP              | US        |   2298900 | NS      | $574725.00    | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Kimball Electronics Inc        | Kimball Electronics Inc                              | CUSIP: 49428J109<br>LEI: 549300COBYN2GZCBIU87 | Long             | EC               | CORP              | US        |     32000 | NS      | $955520.00    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| NETGEAR Inc                    | NETGEAR Inc                                          | CUSIP: 64111Q104<br>LEI: 54930067KX3UNRHDWA78 | Long             | EC               | CORP              | US        |      2306 | NS      | $74691.34     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| RGC Resources Inc              | RGC Resources Inc                                    | CUSIP: 74955L103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     96000 | NS      | $2154240.00   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Flushing Financial Corp        | Flushing Financial Corp                              | CUSIP: 343873105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    106500 | NS      | $1470765.00   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Griffon Corp                   | Griffon Corp                                         | CUSIP: 398433102<br>LEI: 5493000C2SGNC7ZN3242 | Long             | EC               | CORP              | US        |      1000 | NS      | $76150.00     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Alvopetro Energy Ltd           | Alvopetro Energy Ltd                                 | CUSIP: 02255Q209<br>LEI: 894500E23U8RD36B9168 | Long             | EC               | CORP              | CA        |    173000 | NS      | $830380.11    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Collegium Pharmaceutical Inc   | Collegium Pharmaceutical Inc                         | CUSIP: 19459J104<br>LEI: 54930049FXZMTLW8D496 | Long             | EC               | CORP              | US        |      1800 | NS      | $62982.00     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Gray Media Inc                 | Gray Media Inc                                       | CUSIP: 389375205<br>LEI: 529900TM5726KDN7UU35 | Long             | EC               | CORP              | US        |     87000 | NS      | $843900.00    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Kratos Defense & Security Solu | Kratos Defense & Security Solutions Inc              | CUSIP: 50077B207<br>LEI: 5493000EKBN0UY1F3F88 | Long             | EC               | CORP              | US        |      5000 | NS      | $456850.00    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| California Water Service Group | California Water Service Group                       | CUSIP: 130788102<br>LEI: 529900QABDOBU6UVRQ36 | Long             | EC               | CORP              | US        |     20060 | NS      | $920553.40    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Standex International Corp     | Standex International Corp                           | CUSIP: 854231107<br>LEI: RCX52GR0JW2LRRMH9Z54 | Long             | EC               | CORP              | US        |       600 | NS      | $127140.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Nuvera Communications Inc      | Nuvera Communications Inc                            | CUSIP: 67075V100<br>LEI: 549300RONDZIOWF5NR14 | Long             | EC               | CORP              | US        |     30000 | NS      | $378000.00    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| DU-ART FILM LABS INC           | DU-ART FILM LABS INC                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     36900 | NS      | $44501.40     | 0.02%             |  |  |  | No            |                  3 | On Loan: No      |
| Zealand Pharma A/S             | Zealand Pharma A/S                                   | CUSIP: 000000000<br>LEI: 549300ITBB1ULBL4CZ12 | Long             | EC               | CORP              | DK        |      1000 | NS      | $72522.24     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Keweenaw Land Association Ltd  | Keweenaw Land Association Ltd                        | CUSIP: 493026108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        50 | NS      | $1900.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Hyster-Yale Inc                | Hyster-Yale Inc                                      | CUSIP: 449172105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       400 | NS      | $14744.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Granite Construction Inc       | Granite Construction Inc                             | CUSIP: 387328107<br>LEI: 549300OM4BWMCIXVCZ39 | Long             | EC               | CORP              | US        |      4700 | NS      | $515355.00    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| S&W Seed Co                    | S&W Seed Co                                          | CUSIP: 785135302<br>LEI: 5493000VGNLHM547AC08 | Long             | EC               | CORP              | US        |      8374 | NS      | $2930.90      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Accuray Inc                    | Accuray Inc                                          | CUSIP: 004397105<br>LEI: 549300G28LY4TZKZJG51 | Long             | EC               | CORP              | US        |     40000 | NS      | $66800.00     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Astronics Corp                 | Astronics Corp                                       | CUSIP: 046433207<br>LEI: 549300NNXCF8H4MSMK17 | Long             | EC               | CORP              | US        |     23896 | NS      | $1088940.72   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Pitney Bowes Inc               | Pitney Bowes Inc                                     | CUSIP: 724479100<br>LEI: 549300N2O26NW4ST6W55 | Long             | EC               | CORP              | US        |     45000 | NS      | $513450.00    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| General Chemical Group Inc/The | General Chemical Group Inc/The                       | CUSIP: 369332200<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     66900 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Frequency Electronics Inc      | Frequency Electronics Inc                            | CUSIP: 358010106<br>LEI: 549300S56SO2JB5JBE31 | Long             | EC               | CORP              | US        |      5500 | NS      | $186505.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| INNOVATE Corp                  | INNOVATE Corp                                        | CUSIP: 45784J303<br>LEI: 549300S6O246JWQQ1K58 | Long             | EC               | CORP              | US        |      7500 | NS      | $36675.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Andrew Peller Ltd              | Andrew Peller Ltd                                    | CUSIP: 03444Q100<br>LEI: 894500U51U6ZKKU8I220 | Long             | EC               | CORP              | CA        |     32000 | NS      | $117266.65    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Townsquare Media Inc           | Townsquare Media Inc                                 | CUSIP: 892231101<br>LEI: 549300XBA8C68H0DR538 | Long             | EC               | CORP              | US        |    116000 | NS      | $779520.00    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Security National Corp/IA      | Security National Corp/IA                            | CUSIP: 814784104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3500 | NS      | $586285.00    | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Red Violet Inc                 | Red Violet Inc                                       | CUSIP: 75704L104<br>LEI: 549300T4EGADG881UU63 | Long             | EC               | CORP              | US        |      8000 | NS      | $418000.00    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Bowlin Travel Centers Inc      | Bowlin Travel Centers Inc                            | CUSIP: 10259P101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     63400 | NS      | $285300.00    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Omnicell Inc                   | Omnicell Inc                                         | CUSIP: 68213N109<br>LEI: 5493008RH0GTKHHPZI77 | Long             | EC               | CORP              | US        |      1500 | NS      | $45675.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| OPENLANE Inc                   | OPENLANE Inc                                         | CUSIP: 48238T109<br>LEI: 5493004HKD20LBSG7D03 | Long             | EC               | CORP              | US        |     28500 | NS      | $820230.00    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Legacy Housing Corp            | Legacy Housing Corp                                  | CUSIP: 52472M101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     40000 | NS      | $1100400.00   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Reading International Inc      | Reading International Inc                            | CUSIP: 755408200<br>LEI: 549300OHQRI7MW2NQU72 | Long             | EC               | CORP              | US        |     75030 | NS      | $838085.10    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| FNB Corp/PA                    | FNB Corp/PA                                          | CUSIP: 302520101<br>LEI: PCYSKIGYNYFDTBLVZU83 | Long             | EC               | CORP              | US        |     70500 | NS      | $1135755.00   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Crazy Woman Creek Bancorp Inc  | Crazy Woman Creek Bancorp Inc                        | CUSIP: 225233105<br>LEI: 549300CO3PQ9U193BI03 | Long             | EC               | CORP              | US        |     19000 | NS      | $560500.00    | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Commercial Vehicle Group Inc   | Commercial Vehicle Group Inc                         | CUSIP: 202608105<br>LEI: 5493006OG8I91X0K7Q22 | Long             | EC               | CORP              | US        |     45928 | NS      | $78077.60     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Rush Enterprises Inc           | Rush Enterprises Inc                                 | CUSIP: 781846308<br>LEI: 529900V3XHTN7A6DFT17 | Long             | EC               | CORP              | US        |     43500 | NS      | $2497770.00   | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| GDI Integrated Facility Servic | GDI Integrated Facility Services Inc                 | CUSIP: 361569205<br>LEI: 549300OQ1BQ4IS3Q8Y59 | Long             | EC               | CORP              | CA        |      5000 | NS      | $99123.37     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Lifeway Foods Inc              | Lifeway Foods Inc                                    | CUSIP: 531914109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8100 | NS      | $224856.00    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Limoneira Co                   | Limoneira Co                                         | CUSIP: 532746104<br>LEI: 549300UCPZVJGYHI7550 | Long             | EC               | CORP              | US        |    117500 | NS      | $1744875.00   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Puradyn Filter Technologies In | Puradyn Filter Technologies Inc                      | CUSIP: 746091107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     80000 | NS      | $8.00         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Sprott Inc                     | Sprott Inc                                           | CUSIP: 852066208<br>LEI: 254900QHJAD5TP2JNM15 | Long             | EC               | CORP              | CA        |     20200 | NS      | $1678906.37   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| OPKO Health Inc                | OPKO Health Inc                                      | CUSIP: 68375N103<br>LEI: 529900A4S2D4OGOJLL02 | Long             | EC               | CORP              | US        |    142000 | NS      | $220100.00    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| EW Scripps Co/The              | EW Scripps Co/The                                    | CUSIP: 811054402<br>LEI: 549300U1OW41QPKYW028 | Long             | EC               | CORP              | US        |    296000 | NS      | $728160.00    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Sportsman's Warehouse Holdings | Sportsman's Warehouse Holdings Inc                   | CUSIP: 84920Y106<br>LEI: 549300JVV8YLQSRSF462 | Long             | EC               | CORP              | US        |     66000 | NS      | $182820.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Myers Industries Inc           | Myers Industries Inc                                 | CUSIP: 628464109<br>LEI: 549300I2H9XMVTCW4Q51 | Long             | EC               | CORP              | US        |    306000 | NS      | $5183640.00   | 2.56%             |  |  |  | No            |                  1 | On Loan: No      |
| DHI Group Inc                  | DHI Group Inc                                        | CUSIP: 23331S100<br>LEI: 529900489RAC0CU0AO81 | Long             | EC               | CORP              | US        |     45000 | NS      | $125100.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Calavo Growers Inc             | Calavo Growers Inc                                   | CUSIP: 128246105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     76500 | NS      | $1969110.00   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Subsea 7 SA                    | Subsea 7 SA                                          | CUSIP: 864323100<br>LEI: 222100AIF0CBCY80AH62 | Long             | EC               | CORP              | GB        |      6500 | NS      | $132925.00    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| PC Group Inc                   | PC Group Inc                                         | CUSIP: 70455G107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5700 | NS      | $0.01         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Towne Bank/Portsmouth VA       | Towne Bank/Portsmouth VA                             | CUSIP: 89214P109<br>LEI: 54930039UO39UJGI7078 | Long             | EC               | CORP              | US        |      4400 | NS      | $152108.00    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Paratek Pharmaceuticals CVR    | Paratek Pharmaceuticals CVR                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     25000 | NS      | $500.00       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Ultra Clean Holdings Inc       | Ultra Clean Holdings Inc                             | CUSIP: 90385V107<br>LEI: 5493007L6LS7QX18PE75 | Long             | EC               | CORP              | US        |     43500 | NS      | $1185375.00   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| TransAct Technologies Inc      | TransAct Technologies Inc                            | CUSIP: 892918103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     32500 | NS      | $176150.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| IMAX Corp                      | IMAX Corp                                            | CUSIP: 45245E109<br>LEI: 894500GS1ESLAPZCEI74 | Long             | EC               | CORP              | CA        |     30000 | NS      | $982500.00    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Allient Inc                    | Allient Inc                                          | CUSIP: 019330109<br>LEI: 549300I2LHAWYGNBPM97 | Long             | EC               | CORP              | US        |     67200 | NS      | $3007200.00   | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Navigator Holdings Ltd         | Navigator Holdings Ltd                               | CUSIP: 000000000<br>LEI: 213800H7RVOFYARK2W19 | Long             | EC               | CORP              | US        |     85200 | NS      | $1319748.00   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Matthews International Corp    | Matthews International Corp                          | CUSIP: 577128101<br>LEI: 549300ZVC5O0ATML6U61 | Long             | EC               | CORP              | US        |      6500 | NS      | $157820.00    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Corus Entertainment Inc        | Corus Entertainment Inc                              | CUSIP: 220874101<br>LEI: 549300DVZFTUMM4M2O84 | Long             | EC               | CORP              | CA        |     10000 | NS      | $646.69       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| TRINITY PLACE HOLDINGS INC     | TRINITY PLACE HOLDINGS INC                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     25000 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Champion Homes Inc             | Champion Homes Inc                                   | CUSIP: 830830105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       800 | NS      | $61096.00     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Standard Motor Products Inc    | Standard Motor Products Inc                          | CUSIP: 853666105<br>LEI: THGK1EO5B5HK0JHQVZ90 | Long             | EC               | CORP              | US        |     32500 | NS      | $1326650.00   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Nathan's Famous Inc            | Nathan's Famous Inc                                  | CUSIP: 632347100<br>LEI: 54930034SKNSF1JIE673 | Long             | EC               | CORP              | US        |     48300 | NS      | $5348742.00   | 2.65%             |  |  |  | No            |                  1 | On Loan: No      |
| United Bankshares Inc/WV       | United Bankshares Inc/WV                             | CUSIP: 909907107<br>LEI: 5299005O3BAMJ9Z92V62 | Long             | EC               | CORP              | US        |      7000 | NS      | $260470.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Interpump Group SpA            | Interpump Group SpA                                  | CUSIP: 000000000<br>LEI: 815600C79D0F31F4D395 | Long             | EC               | CORP              | IT        |     17500 | NS      | $800878.21    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson Outdoors Inc           | Johnson Outdoors Inc                                 | CUSIP: 479167108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5000 | NS      | $201950.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Acme United Corp               | Acme United Corp                                     | CUSIP: 004816104<br>LEI: 549300NVT8NN13WP8M83 | Long             | EC               | CORP              | US        |     10000 | NS      | $411800.00    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| ROYALTY LLC                    | ROYALTY LLC                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2508 | NS      | $318.77       | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Tyler Technologies Inc         | Tyler Technologies Inc                               | CUSIP: 902252105<br>LEI: 25490040SMU4Z8LBCW70 | Long             | EC               | CORP              | US        |      1000 | NS      | $523160.00    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Sinclair Inc                   | Sinclair Inc                                         | CUSIP: 829242106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     28800 | NS      | $434880.00    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Motorcar Parts of America Inc  | Motorcar Parts of America Inc                        | CUSIP: 620071100<br>LEI: 549300AG4610OSV3H429 | Long             | EC               | CORP              | US        |      7800 | NS      | $129012.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Gyrodyne LLC                   | Gyrodyne LLC                                         | CUSIP: 403829104<br>LEI: 549300CF8EE7IDXWHQ23 | Long             | EC               | CORP              | US        |     17700 | NS      | $177177.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Cardlytics Inc                 | Cardlytics Inc                                       | CUSIP: 14161W105<br>LEI: 549300JETJBH94EIPC66 | Long             | EC               | CORP              | US        |      4000 | NS      | $9720.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Lee Enterprises Inc            | Lee Enterprises Inc                                  | CUSIP: 523768406<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     15000 | NS      | $81600.00     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Wright Investors' Service Hold | Wright Investors' Service Holdings Inc               | CUSIP: 982345100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     80000 | NS      | $17200.00     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Avio SpA                       | Avio SpA                                             | CUSIP: 000000000<br>LEI: 8156008F25C4B0E7C860 | Long             | EC               | CORP              | IT        |     15500 | NS      | $973580.96    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Clearfield Inc                 | Clearfield Inc                                       | CUSIP: 18482P103<br>LEI: 529900M4S2OQ1ADPR537 | Long             | EC               | CORP              | US        |      5000 | NS      | $171900.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| MarineMax Inc                  | MarineMax Inc                                        | CUSIP: 567908108<br>LEI: 254900TIXTN8WY3FNN63 | Long             | EC               | CORP              | US        |      3000 | NS      | $75990.00     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Winnebago Industries Inc       | Winnebago Industries Inc                             | CUSIP: 974637100<br>LEI: 549300B7OYKYJLTE3G11 | Long             | EC               | CORP              | US        |     20000 | NS      | $668800.00    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| ICF International Inc          | ICF International Inc                                | CUSIP: 44925C103<br>LEI: 5493003KYFDDC5B3WY64 | Long             | EC               | CORP              | US        |      5000 | NS      | $464000.00    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Maezawa Kyuso Industries Co Lt | Maezawa Kyuso Industries Co Ltd                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     34200 | NS      | $344578.56    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Daktronics Inc                 | Daktronics Inc                                       | CUSIP: 234264109<br>LEI: 549300IOLZ3SG5YUJ288 | Long             | EC               | CORP              | US        |      7900 | NS      | $165268.00    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Full House Resorts Inc         | Full House Resorts Inc                               | CUSIP: 359678109<br>LEI: 5493009DKIWW0H901Y82 | Long             | EC               | CORP              | US        |   1191319 | NS      | $3824133.99   | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Primis Financial Corp          | Primis Financial Corp                                | CUSIP: 74167B109<br>LEI: 549300JNX3M2EENG1F11 | Long             | EC               | CORP              | US        |     15000 | NS      | $157650.00    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Electromed Inc                 | Electromed Inc                                       | CUSIP: 285409108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     20000 | NS      | $491000.00    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Ultralife Corp                 | Ultralife Corp                                       | CUSIP: 903899102<br>LEI: 529900NVAFLKA00F3U05 | Long             | EC               | CORP              | US        |    110200 | NS      | $751564.00    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Waterstone Financial Inc       | Waterstone Financial Inc                             | CUSIP: 94188P101<br>LEI: 5493002KM21XRC2DCQ02 | Long             | EC               | CORP              | US        |     59000 | NS      | $920400.00    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Hanover Bancorp Inc            | Hanover Bancorp Inc                                  | CUSIP: 410709109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     14000 | NS      | $314300.00    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Treatt PLC                     | Treatt PLC                                           | CUSIP: 000000000<br>LEI: 213800G4OJM9F7G9LG39 | Long             | EC               | CORP              | GB        |     98285 | NS      | $354912.69    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Middlesex Water Co             | Middlesex Water Co                                   | CUSIP: 596680108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5000 | NS      | $270600.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Oil-Dri Corp of America        | Oil-Dri Corp of America                              | CUSIP: 677864100<br>LEI: 549300RSG5KPUH16WH66 | Long             | EC               | CORP              | US        |     13800 | NS      | $842352.00    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Genius Sports Ltd              | Genius Sports Ltd                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | GB        |     20000 | NS      | $247600.00    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Titan International Inc        | Titan International Inc                              | CUSIP: 88830M102<br>LEI: 254900CXRGBE7C4B5A06 | Long             | EC               | CORP              | US        |     20200 | NS      | $152712.00    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| FS Bancorp Inc                 | FS Bancorp Inc                                       | CUSIP: 30263Y104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     21000 | NS      | $838320.00    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Dish TV India Ltd              | Dish TV India Ltd                                    | CUSIP: 25471A401<br>LEI: 2138007Q88BMK1Q3FJ33 | Long             | EC               | CORP              | IN        |     30280 | NS      | $3028.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Cavco Industries Inc           | Cavco Industries Inc                                 | CUSIP: 149568107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       300 | NS      | $174219.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Lands' End Inc                 | Lands' End Inc                                       | CUSIP: 51509F105<br>LEI: 54930016WOL7P2P67Q43 | Long             | EC               | CORP              | US        |     23000 | NS      | $324300.00    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Arko Corp                      | Arko Corp                                            | CUSIP: 041242108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    130000 | NS      | $594100.00    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| L B Foster Co                  | L B Foster Co                                        | CUSIP: 350060109<br>LEI: 549300AUUJGJ2T2L2179 | Long             | EC               | CORP              | US        |    139778 | NS      | $3767017.10   | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Garrett Motion Inc             | Garrett Motion Inc                                   | CUSIP: 366505105<br>LEI: 549300LS5WT7EMBNV724 | Long             | EC               | CORP              | CH        |     45000 | NS      | $612900.00    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Southern First Bancshares Inc  | Southern First Bancshares Inc                        | CUSIP: 842873101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     18000 | NS      | $794160.00    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Hanover Foods Corp             | Hanover Foods Corp                                   | CUSIP: 41078W407<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       450 | NS      | $27900.00     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Gencor Industries Inc          | Gencor Industries Inc                                | CUSIP: 368678108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    253000 | NS      | $3701390.00   | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Corby Spirit and Wine Ltd      | Corby Spirit and Wine Ltd                            | CUSIP: 218349108<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     98000 | NS      | $989365.52    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Citizens & Northern Corp       | Citizens & Northern Corp                             | CUSIP: 172922106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     12000 | NS      | $237720.00    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Columbus McKinnon Corp/NY      | Columbus McKinnon Corp/NY                            | CUSIP: 199333105<br>LEI: 549300W3HQB0HO1F3G69 | Long             | EC               | CORP              | US        |      9500 | NS      | $136230.00    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Innovative Solutions and Suppo | Innovative Solutions and Support Inc                 | CUSIP: 45769N105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    136700 | NS      | $1707383.00   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Value Line Inc                 | Value Line Inc                                       | CUSIP: 920437100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     29958 | NS      | $1170758.64   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Denny's Corp                   | Denny's Corp                                         | CUSIP: 24869P104<br>LEI: 54930037V56XOULXM917 | Long             | EC               | CORP              | US        |     51000 | NS      | $266730.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| TINGYI                         | Tingyi Cayman Islands Holding Corp                   | CUSIP: 000000000<br>LEI: 5299009MPI9B60VN4P25 | Long             | EC               | CORP              | CN        |    235200 | NS      | $314931.86    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Capital City Bank Group Inc    | Capital City Bank Group Inc                          | CUSIP: 139674105<br>LEI: 254900NVLVUJQZKTQE82 | Long             | EC               | CORP              | US        |     71500 | NS      | $2987985.00   | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| RWC Inc                        | RWC Inc                                              | CUSIP: 749904108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     19100 | NS      | $272175.00    | 0.13%             |  |  |  | No            |                  3 | On Loan: No      |
| Monarch Cement Co/The          | Monarch Cement Co/The                                | CUSIP: 609031307<br>LEI: 549300ZMPJCNSENB3O72 | Long             | EC               | CORP              | US        |     12750 | NS      | $2981332.50   | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Unitil Corp                    | Unitil Corp                                          | CUSIP: 913259107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3200 | NS      | $153152.00    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Ooma Inc                       | Ooma Inc                                             | CUSIP: 683416101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     20000 | NS      | $239800.00    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Orthofix Medical Inc           | Orthofix Medical Inc                                 | CUSIP: 68752M108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     18500 | NS      | $270840.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Beacon Financial Corp          | Beacon Financial Corp                                | CUSIP: 084680107<br>LEI: 549300AS2OC6UMMBNO37 | Long             | EC               | CORP              | US        |      5660 | NS      | $134198.60    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Golden Entertainment Inc       | Golden Entertainment Inc                             | CUSIP: 381013101<br>LEI: 549300P8YYCKQVJ0Y638 | Long             | EC               | CORP              | US        |     98000 | NS      | $2310840.00   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| J G Boswell Co                 | J G Boswell Co                                       | CUSIP: 101205102<br>LEI: 549300F07JHRNLXLEC77 | Long             | EC               | CORP              | US        |       205 | NS      | $102446.70    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Dawson Geophysical Co          | Dawson Geophysical Co                                | CUSIP: 239360100<br>LEI: 549300R9G1EAMSMLXR09 | Long             | EC               | CORP              | US        |     20000 | NS      | $35200.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Boiron SA                      | Boiron SA                                            | CUSIP: 000000000<br>LEI: 9695000UMPNY21KKDO98 | Long             | EC               | CORP              | FR        |      4500 | NS      | $147401.98    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Anterix Inc                    | Anterix Inc                                          | CUSIP: 03676C100<br>LEI: 549300QIX2QHFGIEQG40 | Long             | EC               | CORP              | US        |     58000 | NS      | $1245260.00   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Astec Industries Inc           | Astec Industries Inc                                 | CUSIP: 046224101<br>LEI: 5493002DO2QKHLKB2A48 | Long             | EC               | CORP              | US        |     57200 | NS      | $2753036.00   | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Park-Ohio Holdings Corp        | Park-Ohio Holdings Corp                              | CUSIP: 700666100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    156000 | NS      | $3313440.00   | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| RPC Inc                        | RPC Inc                                              | CUSIP: 749660106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     58000 | NS      | $276080.00    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Wabash National Corp           | Wabash National Corp                                 | CUSIP: 929566107<br>LEI: 5299004ZAWHQZI5XO485 | Long             | EC               | CORP              | US        |     43200 | NS      | $426384.00    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Village Super Market Inc       | Village Super Market Inc                             | CUSIP: 927107409<br>LEI: 25490069686XCNNEMQ07 | Long             | EC               | CORP              | US        |      5700 | NS      | $212952.00    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Washington Trust Bancorp Inc   | Washington Trust Bancorp Inc                         | CUSIP: 940610108<br>LEI: J66MZFCNJPP3PERHZW54 | Long             | EC               | CORP              | US        |     33280 | NS      | $961792.00    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Haulotte Group SA              | Haulotte Group SA                                    | CUSIP: 000000000<br>LEI: 9695005LBNQJXT452Y30 | Long             | EC               | CORP              | FR        |     14500 | NS      | $34387.92     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Materialise NV                 | Materialise NV                                       | CUSIP: 57667T100<br>LEI: 5493004CXYDPCZ5RQK28 | Long             | EC               | CORP              | BE        |     10000 | NS      | $55700.00     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Armstrong Flooring Inc         | Armstrong Flooring Inc                               | CUSIP: 04238R106<br>LEI: 549300GBU3OBQ2CBLJ59 | Long             | EC               | CORP              | US        |     59059 | NS      | $5.91         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Gambling.com Group Ltd         | Gambling.com Group Ltd                               | CUSIP: 000000000<br>LEI: 254900PUNXQ3N26IMU63 | Long             | EC               | CORP              | JE        |     40000 | NS      | $327200.00    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Energy Recovery Inc            | Energy Recovery Inc                                  | CUSIP: 29270J100<br>LEI: 549300ZEQL52Z525WJ22 | Long             | EC               | CORP              | US        |     28000 | NS      | $431760.00    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-28

**Name of Applicant:** Teton Westwood Funds

**Signature:** John C. Ball

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

**Title:** Treasurer