# EDGAR Filing Document

**Accession Number:** 0000891190
**File Stem:** 0001752724-23-016425
**Filing Date:** 2023-1
**Character Count:** 175253
**Document Hash:** e030cc2f463112983b26178a59268e41
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-016425.hdr.sgml**: 20230127

**ACCESSION NUMBER**: 0001752724-23-016425

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221130

**FILED AS OF DATE**: 20230127

**DATE AS OF CHANGE**: 20230127

**PERIOD START**: 20230831

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VANGUARD ADMIRAL FUNDS
- **CENTRAL INDEX KEY:** 0000891190
- **IRS NUMBER:** 232696041
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0831

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07043
- **FILM NUMBER:** 23561763

**BUSINESS ADDRESS:**
- **STREET 1:** P.O. BOX 2600, V26
- **CITY:** VALLEY FORGE
- **STATE:** PA
- **ZIP:** 19482
- **BUSINESS PHONE:** 6106691000

**MAIL ADDRESS:**
- **STREET 1:** P.O. BOX 2600  V26
- **CITY:** VALLEY FORGE
- **STATE:** PA
- **ZIP:** 19482

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** VANGUARD ADMIRAL FUNDS INC
- **DATE OF NAME CHANGE:** 19920908

## Series and Classes Contracts Data

### Vanguard S&P Small-Cap 600 Growth Index Fund (Series ID: S000030018)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000092046 | ETF Shares   | VIOG            |

## Nport-Ex

Vanguard<sup>®</sup> S&P Small-Cap 600 Growth Index Fund

Schedule of Investments (unaudited)

As of November 30, 2022

The fund files its complete schedule of portfolio holdings with the Securities and Exchange Commission (SEC) for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT. The fund's Form N-PORT reports are available on the SEC's website at www.sec.gov.

---

| | | | |
|:---|:---|:---|:---|
|  |  | &nbsp;&nbsp;&nbsp;Shares | &nbsp;&nbsp;Market<br> Value<br> ($000) |
| **Common Stocks (99.8%)** | **Common Stocks (99.8%)** | **Common Stocks (99.8%)** | **Common Stocks (99.8%)** |
| **Communication Services (1.9%)** | **Communication Services (1.9%)** | **Communication Services (1.9%)** | **Communication Services (1.9%)** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Cogent Communications Holdings Inc. | &nbsp;&nbsp;&nbsp; 34596 | &nbsp;&nbsp;&nbsp;&nbsp;2008 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Shutterstock Inc. | &nbsp;&nbsp;&nbsp; 29195 | &nbsp;&nbsp;&nbsp;&nbsp;1571 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;TechTarget Inc. | &nbsp;&nbsp;&nbsp; 32858 | &nbsp;&nbsp;&nbsp;&nbsp;1500 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Yelp Inc. Class A | &nbsp;&nbsp;&nbsp; 41734 | &nbsp;&nbsp;&nbsp;&nbsp;1292 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Cinemark Holdings Inc. | &nbsp;&nbsp;&nbsp; 67455 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;918 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Thryv Holdings Inc. | &nbsp;&nbsp;&nbsp; 37045 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;711 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Gogo Inc. | &nbsp;&nbsp;&nbsp; 38770 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;608 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Cars.com Inc. | &nbsp;&nbsp;&nbsp; 37571 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;555 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;EW Scripps Co. Class A | &nbsp;&nbsp;&nbsp; 32333 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;485 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Gannett Co. Inc. | &nbsp;&nbsp;&nbsp; 66055 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;165 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**9813** |
| **Consumer Discretionary (13.0%)** | **Consumer Discretionary (13.0%)** | **Consumer Discretionary (13.0%)** | **Consumer Discretionary (13.0%)** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Signet Jewelers Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;56280 | &nbsp;&nbsp;&nbsp;&nbsp;3658 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Academy Sports & Outdoors Inc. | &nbsp;&nbsp;&nbsp;&nbsp;60750 | &nbsp;&nbsp;&nbsp;&nbsp;3067 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Gentherm Inc. | &nbsp;&nbsp;&nbsp;&nbsp;40128 | &nbsp;&nbsp;&nbsp;&nbsp;2873 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;LGI Homes Inc. | &nbsp;&nbsp;&nbsp;&nbsp;24777 | &nbsp;&nbsp;&nbsp;&nbsp;2461 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Boot Barn Holdings Inc. | &nbsp;&nbsp;&nbsp;&nbsp;36068 | &nbsp;&nbsp;&nbsp;&nbsp;2429 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Installed Building Products Inc. | &nbsp;&nbsp;&nbsp;&nbsp;28518 | &nbsp;&nbsp;&nbsp;&nbsp;2422 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Cavco Industries Inc. | &nbsp;&nbsp;&nbsp;&nbsp;10007 | &nbsp;&nbsp;&nbsp;&nbsp;2298 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Asbury Automotive Group Inc. | &nbsp;&nbsp;&nbsp;&nbsp;12051 | &nbsp;&nbsp;&nbsp;&nbsp;2261 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Steven Madden Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;60225 | &nbsp;&nbsp;&nbsp;&nbsp;2080 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Dorman Products Inc. | &nbsp;&nbsp;&nbsp;&nbsp;22933 | &nbsp;&nbsp;&nbsp;&nbsp;2056 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;LCI Industries | &nbsp;&nbsp;&nbsp;&nbsp;20616 | &nbsp;&nbsp;&nbsp;&nbsp;2038 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Vista Outdoor Inc. | &nbsp;&nbsp;&nbsp;&nbsp;68408 | &nbsp;&nbsp;&nbsp;&nbsp;1913 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Meritage Homes Corp. | &nbsp;&nbsp;&nbsp;&nbsp;20817 | &nbsp;&nbsp;&nbsp;&nbsp;1799 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;National Vision Holdings Inc. | &nbsp;&nbsp;&nbsp;&nbsp;42988 | &nbsp;&nbsp;&nbsp;&nbsp;1739 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Century Communities Inc. | &nbsp;&nbsp;&nbsp;&nbsp;34802 | &nbsp;&nbsp;&nbsp;&nbsp;1676 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;XPEL Inc. | &nbsp;&nbsp;&nbsp;&nbsp;23740 | &nbsp;&nbsp;&nbsp;&nbsp;1627 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Buckle Inc. | &nbsp;&nbsp;&nbsp;&nbsp;35769 | &nbsp;&nbsp;&nbsp;&nbsp;1572 |
| <sup>\*,1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Leslie's Inc. | &nbsp;&nbsp;&nbsp;&nbsp;98511 | &nbsp;&nbsp;&nbsp;&nbsp;1438 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Monarch Casino & Resort Inc. | &nbsp;&nbsp;&nbsp;&nbsp;16016 | &nbsp;&nbsp;&nbsp;&nbsp;1359 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Kontoor Brands Inc. | &nbsp;&nbsp;&nbsp;&nbsp;30433 | &nbsp;&nbsp;&nbsp;&nbsp;1322 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Sonos Inc. | &nbsp;&nbsp;&nbsp;&nbsp;75331 | &nbsp;&nbsp;&nbsp;&nbsp;1321 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Oxford Industries Inc. | &nbsp;&nbsp;&nbsp;&nbsp;11576 | &nbsp;&nbsp;&nbsp;&nbsp;1307 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Shake Shack Inc. Class A | &nbsp;&nbsp;&nbsp;&nbsp;24834 | &nbsp;&nbsp;&nbsp;&nbsp;1306 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Jack in the Box Inc. | &nbsp;&nbsp;&nbsp;&nbsp;17583 | &nbsp;&nbsp;&nbsp;&nbsp;1271 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;American Eagle Outfitters Inc. | &nbsp;&nbsp;&nbsp;&nbsp;79956 | &nbsp;&nbsp;&nbsp;&nbsp;1265 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Sturm Ruger & Co. Inc. | &nbsp;&nbsp;&nbsp;&nbsp;21348 | &nbsp;&nbsp;&nbsp;&nbsp;1173 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Winnebago Industries Inc. | &nbsp;&nbsp;&nbsp;&nbsp;19600 | &nbsp;&nbsp;&nbsp;&nbsp;1148 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Six Flags Entertainment Corp. | &nbsp;&nbsp;&nbsp;&nbsp;43764 | &nbsp;&nbsp;&nbsp;&nbsp;1054 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Hibbett Inc. | &nbsp;&nbsp;&nbsp;&nbsp;15621 | &nbsp;&nbsp;&nbsp;&nbsp;1041 |

---

------

---

| | | | |
|:---|:---|:---|:---|
|  |  | &nbsp;&nbsp;&nbsp;Shares | &nbsp;&nbsp;Market<br> Value<br> ($000) |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Frontdoor Inc. | &nbsp;&nbsp;&nbsp; 40374 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;944 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;iRobot Corp. | &nbsp;&nbsp;&nbsp; 18102 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;943 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Dave & Buster's Entertainment Inc. | &nbsp;&nbsp;&nbsp; 23132 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;917 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;MarineMax Inc. | &nbsp;&nbsp;&nbsp; 26016 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;859 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Stride Inc. | &nbsp;&nbsp;&nbsp; 23604 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;836 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Golden Entertainment Inc. | &nbsp;&nbsp;&nbsp; 17758 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;787 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Sleep Number Corp. | &nbsp;&nbsp;&nbsp; 26603 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;778 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Dine Brands Global Inc. | &nbsp;&nbsp;&nbsp; 10232 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;763 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Monro Inc. | &nbsp;&nbsp;&nbsp; 16739 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;761 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Rent-A-Center Inc. | &nbsp;&nbsp;&nbsp; 30901 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;744 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Abercrombie & Fitch Co. Class A | &nbsp;&nbsp;&nbsp; 28761 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;690 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Patrick Industries Inc. | &nbsp;&nbsp;&nbsp; 12331 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;690 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Sally Beauty Holdings Inc. | &nbsp;&nbsp;&nbsp; 56925 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;670 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Movado Group Inc. | &nbsp;&nbsp;&nbsp; 19371 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;624 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Children's Place Inc. | &nbsp;&nbsp;&nbsp;&nbsp;15906 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;565 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Shoe Carnival Inc. | &nbsp;&nbsp;&nbsp;&nbsp;20778 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;549 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Liquidity Services Inc. | &nbsp;&nbsp;&nbsp;&nbsp;32653 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;545 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Wolverine World Wide Inc. | &nbsp;&nbsp;&nbsp;&nbsp;43746 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;490 |
| <sup>\*,1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Mister Car Wash Inc. | &nbsp;&nbsp;&nbsp;&nbsp;44183 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;452 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Genesco Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7581 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;396 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Green Brick Partners Inc. | &nbsp;&nbsp;&nbsp;&nbsp;15546 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;376 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;**67353** |
| **Consumer Staples (4.5%)** | **Consumer Staples (4.5%)** | **Consumer Staples (4.5%)** | **Consumer Staples (4.5%)** |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Simply Good Foods Co. | &nbsp;&nbsp;&nbsp;103219 | &nbsp;&nbsp;&nbsp;&nbsp;4118 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;United Natural Foods Inc. | &nbsp;&nbsp;&nbsp;&nbsp;70530 | &nbsp;&nbsp;&nbsp;&nbsp;3363 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;elf Beauty Inc. | &nbsp;&nbsp;&nbsp;&nbsp;60253 | &nbsp;&nbsp;&nbsp;&nbsp;3311 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;MGP Ingredients Inc. | &nbsp;&nbsp;&nbsp;&nbsp;18629 | &nbsp;&nbsp;&nbsp;&nbsp;2330 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Inter Parfums Inc. | &nbsp;&nbsp;&nbsp;&nbsp;21585 | &nbsp;&nbsp;&nbsp;&nbsp;2057 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Vector Group Ltd. | &nbsp;&nbsp;&nbsp;159339 | &nbsp;&nbsp;&nbsp;&nbsp;1769 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Medifast Inc. | &nbsp;&nbsp;&nbsp;&nbsp;13340 | &nbsp;&nbsp;&nbsp;&nbsp;1682 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;WD-40 Co. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9571 | &nbsp;&nbsp;&nbsp;&nbsp;1603 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;J & J Snack Foods Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7956 | &nbsp;&nbsp;&nbsp;&nbsp;1305 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;National Beverage Corp. | &nbsp;&nbsp;&nbsp;&nbsp;16058 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;827 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;USANA Health Sciences Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9008 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;496 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Tootsie Roll Industries Inc. | &nbsp;&nbsp;&nbsp;&nbsp;10766 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;484 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;**23345** |
| **Energy (3.2%)** | **Energy (3.2%)** | **Energy (3.2%)** | **Energy (3.2%)** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;SM Energy Co. | &nbsp;&nbsp;&nbsp;148319 | &nbsp;&nbsp;&nbsp;&nbsp;6394 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Civitas Resources Inc. | &nbsp;&nbsp;&nbsp;&nbsp;62755 | &nbsp;&nbsp;&nbsp;&nbsp;4227 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Callon Petroleum Co. | &nbsp;&nbsp;&nbsp;&nbsp;61970 | &nbsp;&nbsp;&nbsp;&nbsp;2598 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Ranger Oil Corp. | &nbsp;&nbsp;&nbsp;&nbsp;23915 | &nbsp;&nbsp;&nbsp;&nbsp;1042 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Laredo Petroleum Inc. | &nbsp;&nbsp;&nbsp;&nbsp;13861 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;885 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Dorian LPG Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;38494 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;750 |
| <sup>1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Core Laboratories NV | &nbsp;&nbsp;&nbsp;&nbsp;23537 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;510 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;**16406** |
| **Financials (15.1%)** | **Financials (15.1%)** | **Financials (15.1%)** | **Financials (15.1%)** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;ServisFirst Bancshares Inc. | &nbsp;&nbsp;&nbsp;&nbsp;59130 | &nbsp;&nbsp;&nbsp;&nbsp;4483 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;First Bancorp | &nbsp;&nbsp;&nbsp;227429 | &nbsp;&nbsp;&nbsp;&nbsp;3498 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Walker & Dunlop Inc. | &nbsp;&nbsp;&nbsp;&nbsp;37168 | &nbsp;&nbsp;&nbsp;&nbsp;3319 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;United Community Banks Inc. | &nbsp;&nbsp;&nbsp;&nbsp;82107 | &nbsp;&nbsp;&nbsp;&nbsp;3200 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Axos Financial Inc. | &nbsp;&nbsp;&nbsp;&nbsp;64374 | &nbsp;&nbsp;&nbsp;&nbsp;2582 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Lakeland Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;30670 | &nbsp;&nbsp;&nbsp;&nbsp;2422 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Piper Sandler Cos. | &nbsp;&nbsp;&nbsp;&nbsp;16587 | &nbsp;&nbsp;&nbsp;&nbsp;2383 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Ameris Bancorp | &nbsp;&nbsp;&nbsp;&nbsp;44947 | &nbsp;&nbsp;&nbsp;&nbsp;2377 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Trupanion Inc. | &nbsp;&nbsp;&nbsp;&nbsp;42398 | &nbsp;&nbsp;&nbsp;&nbsp;2216 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Veritex Holdings Inc. | &nbsp;&nbsp;&nbsp;&nbsp;65306 | &nbsp;&nbsp;&nbsp;&nbsp;2133 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Independent Bank Corp. | &nbsp;&nbsp;&nbsp;&nbsp;23328 | &nbsp;&nbsp;&nbsp;&nbsp;2112 |

---

------

---

| | | | |
|:---|:---|:---|:---|
|  |  | &nbsp;&nbsp;&nbsp;Shares | &nbsp;&nbsp;Market<br> Value<br> ($000) |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Assured Guaranty Ltd. | &nbsp;&nbsp;&nbsp; 31472 | &nbsp;&nbsp;&nbsp;&nbsp;2095 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Bancorp Inc. | &nbsp;&nbsp;&nbsp; 68426 | &nbsp;&nbsp;&nbsp;&nbsp;2051 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Community Bank System Inc. | &nbsp;&nbsp;&nbsp; 29922 | &nbsp;&nbsp;&nbsp;&nbsp;1949 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Palomar Holdings Inc. | &nbsp;&nbsp;&nbsp; 30544 | &nbsp;&nbsp;&nbsp;&nbsp;1916 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Pacific Premier Bancorp Inc. | &nbsp;&nbsp;&nbsp; 50569 | &nbsp;&nbsp;&nbsp;&nbsp;1868 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Park National Corp. | &nbsp;&nbsp;&nbsp; 11040 | &nbsp;&nbsp;&nbsp;&nbsp;1671 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Triumph Bancorp Inc. | &nbsp;&nbsp;&nbsp; 27855 | &nbsp;&nbsp;&nbsp;&nbsp;1665 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;WSFS Financial Corp. | &nbsp;&nbsp;&nbsp; 33844 | &nbsp;&nbsp;&nbsp;&nbsp;1642 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Virtus Investment Partners Inc. | &nbsp;&nbsp;&nbsp; 8287 | &nbsp;&nbsp;&nbsp;&nbsp;1607 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Enova International Inc. | &nbsp;&nbsp;&nbsp; 38792 | &nbsp;&nbsp;&nbsp;&nbsp;1565 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Pathward Financial Inc. | &nbsp;&nbsp;&nbsp; 35202 | &nbsp;&nbsp;&nbsp;&nbsp;1532 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Seacoast Banking Corp. of Florida | &nbsp;&nbsp;&nbsp; 38631 | &nbsp;&nbsp;&nbsp;&nbsp;1328 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Banner Corp. | &nbsp;&nbsp;&nbsp; 17761 | &nbsp;&nbsp;&nbsp;&nbsp;1254 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Preferred Bank | &nbsp;&nbsp;&nbsp; 16463 | &nbsp;&nbsp;&nbsp;&nbsp;1244 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Customers Bancorp Inc. | &nbsp;&nbsp;&nbsp;&nbsp;36907 | &nbsp;&nbsp;&nbsp;&nbsp;1191 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Donnelley Financial Solutions Inc. | &nbsp;&nbsp;&nbsp;&nbsp;30874 | &nbsp;&nbsp;&nbsp;&nbsp;1179 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;BancFirst Corp. | &nbsp;&nbsp;&nbsp;&nbsp;11130 | &nbsp;&nbsp;&nbsp;&nbsp;1135 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Redwood Trust Inc. | &nbsp;&nbsp;&nbsp;141023 | &nbsp;&nbsp;&nbsp;&nbsp;1114 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Eagle Bancorp Inc. | &nbsp;&nbsp;&nbsp;&nbsp;22903 | &nbsp;&nbsp;&nbsp;&nbsp;1080 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;First Bancorp (XNGS) | &nbsp;&nbsp;&nbsp;&nbsp;21556 | &nbsp;&nbsp;&nbsp;&nbsp;1048 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;National Bank Holdings Corp. Class A | &nbsp;&nbsp;&nbsp;&nbsp;21167 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;984 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Provident Financial Services Inc. | &nbsp;&nbsp;&nbsp;&nbsp;41691 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;939 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;First Commonwealth Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;62052 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;913 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;City Holding Co. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8616 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;878 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;FB Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;20399 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;873 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Southside Bancshares Inc. | &nbsp;&nbsp;&nbsp;&nbsp;23246 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;845 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Hilltop Holdings Inc. | &nbsp;&nbsp;&nbsp;&nbsp;28253 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;842 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;B. Riley Financial Inc. | &nbsp;&nbsp;&nbsp;&nbsp;19156 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;841 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;OFG Bancorp | &nbsp;&nbsp;&nbsp;&nbsp;28740 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;833 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Brightsphere Investment Group Inc. | &nbsp;&nbsp;&nbsp;&nbsp;39045 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;795 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Stewart Information Services Corp. | &nbsp;&nbsp;&nbsp;&nbsp;16067 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;711 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Encore Capital Group Inc. | &nbsp;&nbsp;&nbsp;&nbsp;13851 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;698 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Dime Community Bancshares Inc. | &nbsp;&nbsp;&nbsp;&nbsp;18805 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;671 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Blucora Inc. | &nbsp;&nbsp;&nbsp;&nbsp;25346 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;635 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;HomeStreet Inc. | &nbsp;&nbsp;&nbsp;&nbsp;21525 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;588 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Brookline Bancorp Inc. | &nbsp;&nbsp;&nbsp;&nbsp;40725 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;579 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Tompkins Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6691 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;559 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Hanmi Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;20594 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;557 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Banc of California Inc. | &nbsp;&nbsp;&nbsp;&nbsp;30278 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;514 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Northfield Bancorp Inc. | &nbsp;&nbsp;&nbsp;&nbsp;30071 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;480 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;WisdomTree Inc. | &nbsp;&nbsp;&nbsp;&nbsp;83882 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;467 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;KKR Real Estate Finance Trust Inc. | &nbsp;&nbsp;&nbsp;&nbsp;27305 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;452 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Central Pacific Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp;20672 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;438 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Ellington Financial Inc. | &nbsp;&nbsp;&nbsp;&nbsp;30401 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;415 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Stellar Bancorp Inc. | &nbsp;&nbsp;&nbsp;&nbsp;11475 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;388 |
| <sup>1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;HCI Group Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8694 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;325 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;World Acceptance Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4380 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;311 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;**78390** |
| **Health Care (14.7%)** | **Health Care (14.7%)** | **Health Care (14.7%)** | **Health Care (14.7%)** |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;AMN Healthcare Services Inc. | &nbsp;&nbsp;&nbsp;&nbsp;52356 | &nbsp;&nbsp;&nbsp;&nbsp;6476 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Cytokinetics Inc. | &nbsp;&nbsp;&nbsp;113916 | &nbsp;&nbsp;&nbsp;&nbsp;4841 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Ensign Group Inc. | &nbsp;&nbsp;&nbsp;&nbsp;36130 | &nbsp;&nbsp;&nbsp;&nbsp;3432 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Merit Medical Systems Inc. | &nbsp;&nbsp;&nbsp;&nbsp;39154 | &nbsp;&nbsp;&nbsp;&nbsp;2819 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Vir Biotechnology Inc. | &nbsp;&nbsp;&nbsp;&nbsp;91479 | &nbsp;&nbsp;&nbsp;&nbsp;2582 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Supernus Pharmaceuticals Inc. | &nbsp;&nbsp;&nbsp;&nbsp;64743 | &nbsp;&nbsp;&nbsp;&nbsp;2377 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Arcus Biosciences Inc. | &nbsp;&nbsp;&nbsp;&nbsp;62882 | &nbsp;&nbsp;&nbsp;&nbsp;2212 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Xencor Inc. | &nbsp;&nbsp;&nbsp;&nbsp;72261 | &nbsp;&nbsp;&nbsp;&nbsp;2148 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Prestige Consumer Healthcare Inc. | &nbsp;&nbsp;&nbsp;&nbsp;31928 | &nbsp;&nbsp;&nbsp;&nbsp;1962 |

---

------

---

| | | | |
|:---|:---|:---|:---|
|  |  | &nbsp;&nbsp;&nbsp;Shares | &nbsp;&nbsp;Market<br> Value<br> ($000) |
|  | &nbsp;&nbsp;&nbsp;&nbsp;CONMED Corp. | &nbsp;&nbsp;&nbsp; 23603 | &nbsp;&nbsp;&nbsp;&nbsp;1956 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Catalyst Pharmaceuticals Inc. | &nbsp;&nbsp;&nbsp;114517 | &nbsp;&nbsp;&nbsp;&nbsp;1920 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Corcept Therapeutics Inc. | &nbsp;&nbsp;&nbsp; 70363 | &nbsp;&nbsp;&nbsp;&nbsp;1779 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Dynavax Technologies Corp. | &nbsp;&nbsp;&nbsp;142387 | &nbsp;&nbsp;&nbsp;&nbsp;1767 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;CorVel Corp. | &nbsp;&nbsp;&nbsp; 11168 | &nbsp;&nbsp;&nbsp;&nbsp;1708 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Pacira BioSciences Inc. | &nbsp;&nbsp;&nbsp; 33845 | &nbsp;&nbsp;&nbsp;&nbsp;1633 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Cross Country Healthcare Inc. | &nbsp;&nbsp;&nbsp; 43983 | &nbsp;&nbsp;&nbsp;&nbsp;1574 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Ironwood Pharmaceuticals Inc. Class A | &nbsp;&nbsp;&nbsp;120828 | &nbsp;&nbsp;&nbsp;&nbsp;1463 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Ligand Pharmaceuticals Inc. | &nbsp;&nbsp;&nbsp; 19430 | &nbsp;&nbsp;&nbsp;&nbsp;1416 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Glaukos Corp. | &nbsp;&nbsp;&nbsp; 29988 | &nbsp;&nbsp;&nbsp;&nbsp;1397 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Apollo Medical Holdings Inc. | &nbsp;&nbsp;&nbsp; 47532 | &nbsp;&nbsp;&nbsp;&nbsp;1353 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;uniQure NV | &nbsp;&nbsp;&nbsp; 49714 | &nbsp;&nbsp;&nbsp;&nbsp;1315 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Vericel Corp. | &nbsp;&nbsp;&nbsp; 57188 | &nbsp;&nbsp;&nbsp;&nbsp;1306 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Harmony Biosciences Holdings Inc. | &nbsp;&nbsp;&nbsp; 20003 | &nbsp;&nbsp;&nbsp;&nbsp;1196 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Avid Bioservices Inc. | &nbsp;&nbsp;&nbsp;&nbsp;74726 | &nbsp;&nbsp;&nbsp;&nbsp;1170 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;RadNet Inc. | &nbsp;&nbsp;&nbsp;&nbsp;58866 | &nbsp;&nbsp;&nbsp;&nbsp;1164 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;LeMaitre Vascular Inc. | &nbsp;&nbsp;&nbsp;&nbsp;23402 | &nbsp;&nbsp;&nbsp;&nbsp;1096 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Meridian Bioscience Inc. | &nbsp;&nbsp;&nbsp;&nbsp;33838 | &nbsp;&nbsp;&nbsp;&nbsp;1083 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Myriad Genetics Inc. | &nbsp;&nbsp;&nbsp;&nbsp;50715 | &nbsp;&nbsp;&nbsp;&nbsp;1028 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Innoviva Inc. | &nbsp;&nbsp;&nbsp;&nbsp;75805 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;995 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Allscripts Healthcare Solutions Inc. | &nbsp;&nbsp;&nbsp;&nbsp;52219 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;989 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;NeoGenomics Inc. | &nbsp;&nbsp;&nbsp;&nbsp;83500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;936 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Amphastar Pharmaceuticals Inc. | &nbsp;&nbsp;&nbsp;&nbsp;31411 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;926 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Addus HomeCare Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8353 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;921 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Collegium Pharmaceutical Inc. | &nbsp;&nbsp;&nbsp;&nbsp;41228 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;902 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Fulgent Genetics Inc. | &nbsp;&nbsp;&nbsp;&nbsp;24500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;889 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;BioLife Solutions Inc. | &nbsp;&nbsp;&nbsp;&nbsp;41170 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;872 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Heska Corp. | &nbsp;&nbsp;&nbsp;&nbsp;12292 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;791 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;ModivCare Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8716 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;671 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Varex Imaging Corp. | &nbsp;&nbsp;&nbsp;&nbsp;30856 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;655 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Cutera Inc. | &nbsp;&nbsp;&nbsp;&nbsp;13570 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;646 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Cara Therapeutics Inc. | &nbsp;&nbsp;&nbsp;&nbsp;54392 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;642 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Enanta Pharmaceuticals Inc. | &nbsp;&nbsp;&nbsp;&nbsp;14142 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;619 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;US Physical Therapy Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7069 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;611 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;AngioDynamics Inc. | &nbsp;&nbsp;&nbsp;&nbsp;47114 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;610 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Mesa Laboratories Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3561 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;602 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;iTeos Therapeutics Inc. | &nbsp;&nbsp;&nbsp;&nbsp;29629 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;597 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Coherus Biosciences Inc. | &nbsp;&nbsp;&nbsp;&nbsp;78002 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;535 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Community Health Systems Inc. | &nbsp;&nbsp;&nbsp;151316 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;519 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;REGENXBIO Inc. | &nbsp;&nbsp;&nbsp;&nbsp;20416 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;488 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Vanda Pharmaceuticals Inc. | &nbsp;&nbsp;&nbsp;&nbsp;44019 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;480 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Simulations Plus Inc. | &nbsp;&nbsp;&nbsp;&nbsp;11589 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;470 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;OptimizeRx Corp. | &nbsp;&nbsp;&nbsp;&nbsp;21838 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;461 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;HealthStream Inc. | &nbsp;&nbsp;&nbsp;&nbsp;15796 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;401 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Surmodics Inc. | &nbsp;&nbsp;&nbsp;&nbsp;11029 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;399 |
| <sup>1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Zynex Inc. | &nbsp;&nbsp;&nbsp;&nbsp;26886 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;369 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;ANI Pharmaceuticals Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8610 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;361 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Anika Therapeutics Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9312 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;294 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Cardiovascular Systems Inc. | &nbsp;&nbsp;&nbsp;&nbsp;20706 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;290 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Nektar Therapeutics Class A | &nbsp;&nbsp;&nbsp;102254 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;286 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Joint Corp. | &nbsp;&nbsp;&nbsp;&nbsp;17527 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;261 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Organogenesis Holdings Inc. Class A | &nbsp;&nbsp;&nbsp;&nbsp;85363 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;234 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Eagle Pharmaceuticals Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6243 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;227 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Pennant Group Inc. | &nbsp;&nbsp;&nbsp;&nbsp;17165 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;178 |
| <sup>\*,2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Lantheus Holdings Inc. CVR | &nbsp;&nbsp;&nbsp;&nbsp;35713 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| <sup>\*,2</sup> | &nbsp;&nbsp;&nbsp;&nbsp;OmniAb Inc. (Earnout Shares) | &nbsp;&nbsp;&nbsp;&nbsp;14780 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;OmniAb Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;**76300** |

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------

---

| | | | |
|:---|:---|:---|:---|
|  |  | &nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;**Market<br> Value<br> ($000)** |
| **Industrials (16.0%)** | **Industrials (16.0%)** | **Industrials (16.0%)** | **Industrials (16.0%)** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Exponent Inc. | &nbsp;&nbsp;&nbsp; 61842 | &nbsp;&nbsp;&nbsp;&nbsp;6395 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;UFP Industries Inc. | &nbsp;&nbsp;&nbsp; 74551 | &nbsp;&nbsp;&nbsp;&nbsp;6103 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Comfort Systems USA Inc. | &nbsp;&nbsp;&nbsp; 43286 | &nbsp;&nbsp;&nbsp;&nbsp;5487 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Mueller Industries Inc. | &nbsp;&nbsp;&nbsp; 68578 | &nbsp;&nbsp;&nbsp;&nbsp;4716 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Korn Ferry | &nbsp;&nbsp;&nbsp; 66068 | &nbsp;&nbsp;&nbsp;&nbsp;3768 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Forward Air Corp. | &nbsp;&nbsp;&nbsp; 32486 | &nbsp;&nbsp;&nbsp;&nbsp;3650 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Encore Wire Corp. | &nbsp;&nbsp;&nbsp; 23142 | &nbsp;&nbsp;&nbsp;&nbsp;3381 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Matson Inc. | &nbsp;&nbsp;&nbsp; 47163 | &nbsp;&nbsp;&nbsp;&nbsp;3007 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;AAON Inc. | &nbsp;&nbsp;&nbsp; 34043 | &nbsp;&nbsp;&nbsp;&nbsp;2698 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Applied Industrial Technologies Inc. | &nbsp;&nbsp;&nbsp; 20001 | &nbsp;&nbsp;&nbsp;&nbsp;2650 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Franklin Electric Co. Inc. | &nbsp;&nbsp;&nbsp; 31524 | &nbsp;&nbsp;&nbsp;&nbsp;2626 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Aerojet Rocketdyne Holdings Inc. | &nbsp;&nbsp;&nbsp; 47566 | &nbsp;&nbsp;&nbsp;&nbsp;2473 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;ArcBest Corp. | &nbsp;&nbsp;&nbsp; 29678 | &nbsp;&nbsp;&nbsp;&nbsp;2456 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Hillenbrand Inc. | &nbsp;&nbsp;&nbsp;&nbsp;45386 | &nbsp;&nbsp;&nbsp;&nbsp;2269 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;John Bean Technologies Corp. | &nbsp;&nbsp;&nbsp;&nbsp;24676 | &nbsp;&nbsp;&nbsp;&nbsp;2267 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;NV5 Global Inc. | &nbsp;&nbsp;&nbsp;&nbsp;15052 | &nbsp;&nbsp;&nbsp;&nbsp;2175 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Federal Signal Corp. | &nbsp;&nbsp;&nbsp;&nbsp;44751 | &nbsp;&nbsp;&nbsp;&nbsp;2174 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;MYR Group Inc. | &nbsp;&nbsp;&nbsp;&nbsp;20158 | &nbsp;&nbsp;&nbsp;&nbsp;1926 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Albany International Corp. Class A | &nbsp;&nbsp;&nbsp;&nbsp;18822 | &nbsp;&nbsp;&nbsp;&nbsp;1908 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Boise Cascade Co. | &nbsp;&nbsp;&nbsp;&nbsp;22930 | &nbsp;&nbsp;&nbsp;&nbsp;1698 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;3D Systems Corp. | &nbsp;&nbsp;&nbsp;157862 | &nbsp;&nbsp;&nbsp;&nbsp;1601 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;SPX Technologies Inc. | &nbsp;&nbsp;&nbsp;&nbsp;23007 | &nbsp;&nbsp;&nbsp;&nbsp;1539 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Trinity Industries Inc. | &nbsp;&nbsp;&nbsp;&nbsp;49690 | &nbsp;&nbsp;&nbsp;&nbsp;1522 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;AeroVironment Inc. | &nbsp;&nbsp;&nbsp;&nbsp;16350 | &nbsp;&nbsp;&nbsp;&nbsp;1504 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;GMS Inc. | &nbsp;&nbsp;&nbsp;&nbsp;28847 | &nbsp;&nbsp;&nbsp;&nbsp;1416 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Lindsay Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7825 | &nbsp;&nbsp;&nbsp;&nbsp;1381 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Brady Corp. Class A | &nbsp;&nbsp;&nbsp;&nbsp;25945 | &nbsp;&nbsp;&nbsp;&nbsp;1243 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Gibraltar Industries Inc. | &nbsp;&nbsp;&nbsp;&nbsp;17960 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;909 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Triumph Group Inc. | &nbsp;&nbsp;&nbsp;&nbsp;78393 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;898 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Enerpac Tool Group Corp. Class A | &nbsp;&nbsp;&nbsp;&nbsp;33689 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;844 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Alamo Group Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5219 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;785 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Standex International Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6935 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;729 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Heidrick & Struggles International Inc. | &nbsp;&nbsp;&nbsp;&nbsp;23858 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;709 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Insteel Industries Inc. | &nbsp;&nbsp;&nbsp;&nbsp;23597 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;696 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;PGT Innovations Inc. | &nbsp;&nbsp;&nbsp;&nbsp;32640 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;646 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Tennant Co. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9658 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;614 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Sun Country Airlines Holdings Inc. | &nbsp;&nbsp;&nbsp;&nbsp;23678 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;478 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Forrester Research Inc. | &nbsp;&nbsp;&nbsp;&nbsp;13499 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;475 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Viad Corp. | &nbsp;&nbsp;&nbsp;&nbsp;13149 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;389 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Interface Inc. Class A | &nbsp;&nbsp;&nbsp;&nbsp;32001 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;347 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Park Aerospace Corp. | &nbsp;&nbsp;&nbsp;&nbsp;10478 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;139 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;**82691** |
| **Information Technology (18.8%)** | **Information Technology (18.8%)** | **Information Technology (18.8%)** | **Information Technology (18.8%)** |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;SPS Commerce Inc. | &nbsp;&nbsp;&nbsp;&nbsp;43571 | &nbsp;&nbsp;&nbsp;&nbsp;6198 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Fabrinet | &nbsp;&nbsp;&nbsp;&nbsp;44507 | &nbsp;&nbsp;&nbsp;&nbsp;5938 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Rambus Inc. | &nbsp;&nbsp;&nbsp;133747 | &nbsp;&nbsp;&nbsp;&nbsp;5133 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Diodes Inc. | &nbsp;&nbsp;&nbsp;&nbsp;55045 | &nbsp;&nbsp;&nbsp;&nbsp;5077 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Onto Innovation Inc. | &nbsp;&nbsp;&nbsp;&nbsp;60119 | &nbsp;&nbsp;&nbsp;&nbsp;4807 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Advanced Energy Industries Inc. | &nbsp;&nbsp;&nbsp;&nbsp;45206 | &nbsp;&nbsp;&nbsp;&nbsp;4188 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Kulicke & Soffa Industries Inc. | &nbsp;&nbsp;&nbsp;&nbsp;70273 | &nbsp;&nbsp;&nbsp;&nbsp;3370 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Extreme Networks Inc. | &nbsp;&nbsp;&nbsp;156398 | &nbsp;&nbsp;&nbsp;&nbsp;3280 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Axcelis Technologies Inc. | &nbsp;&nbsp;&nbsp;&nbsp;39975 | &nbsp;&nbsp;&nbsp;&nbsp;3192 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;MaxLinear Inc. Class A | &nbsp;&nbsp;&nbsp;&nbsp;87223 | &nbsp;&nbsp;&nbsp;&nbsp;3192 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Alarm.com Holdings Inc. | &nbsp;&nbsp;&nbsp;&nbsp;60179 | &nbsp;&nbsp;&nbsp;&nbsp;3003 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Perficient Inc. | &nbsp;&nbsp;&nbsp;&nbsp;41862 | &nbsp;&nbsp;&nbsp;&nbsp;2974 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Progress Software Corp. | &nbsp;&nbsp;&nbsp;&nbsp;52580 | &nbsp;&nbsp;&nbsp;&nbsp;2804 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Badger Meter Inc. | &nbsp;&nbsp;&nbsp;&nbsp;23022 | &nbsp;&nbsp;&nbsp;&nbsp;2666 |

---

------

---

| | | | |
|:---|:---|:---|:---|
|  |  | &nbsp;&nbsp;&nbsp;Shares | &nbsp;&nbsp;Market<br> Value<br> ($000) |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Rogers Corp. | &nbsp;&nbsp;&nbsp; 22663 | &nbsp;&nbsp;&nbsp;&nbsp;2471 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Digital Turbine Inc. | &nbsp;&nbsp;&nbsp;108851 | &nbsp;&nbsp;&nbsp;&nbsp;1988 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Ultra Clean Holdings Inc. | &nbsp;&nbsp;&nbsp; 54997 | &nbsp;&nbsp;&nbsp;&nbsp;1960 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Harmonic Inc. | &nbsp;&nbsp;&nbsp;127140 | &nbsp;&nbsp;&nbsp;&nbsp;1950 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Viavi Solutions Inc. | &nbsp;&nbsp;&nbsp;170941 | &nbsp;&nbsp;&nbsp;&nbsp;1937 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Clearfield Inc. | &nbsp;&nbsp;&nbsp; 13845 | &nbsp;&nbsp;&nbsp;&nbsp;1822 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;EVERTEC Inc. | &nbsp;&nbsp;&nbsp; 53490 | &nbsp;&nbsp;&nbsp;&nbsp;1806 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;LiveRamp Holdings Inc. | &nbsp;&nbsp;&nbsp; 81294 | &nbsp;&nbsp;&nbsp;&nbsp;1785 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;ADTRAN Holdings Inc. | &nbsp;&nbsp;&nbsp; 85266 | &nbsp;&nbsp;&nbsp;&nbsp;1728 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;A10 Networks Inc. | &nbsp;&nbsp;&nbsp; 80315 | &nbsp;&nbsp;&nbsp;&nbsp;1503 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;CSG Systems International Inc. | &nbsp;&nbsp;&nbsp; 22944 | &nbsp;&nbsp;&nbsp;&nbsp;1419 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;FormFactor Inc. | &nbsp;&nbsp;&nbsp; 58715 | &nbsp;&nbsp;&nbsp;&nbsp;1355 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Veeco Instruments Inc. | &nbsp;&nbsp;&nbsp; 62147 | &nbsp;&nbsp;&nbsp;&nbsp;1235 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Cohu Inc. | &nbsp;&nbsp;&nbsp; 33795 | &nbsp;&nbsp;&nbsp;&nbsp;1211 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Sabre Corp. | &nbsp;&nbsp;&nbsp;191005 | &nbsp;&nbsp;&nbsp;&nbsp;1167 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;TTEC Holdings Inc. | &nbsp;&nbsp;&nbsp;&nbsp;22820 | &nbsp;&nbsp;&nbsp;&nbsp;1094 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Agilysys Inc. | &nbsp;&nbsp;&nbsp;&nbsp;15046 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;999 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;InterDigital Inc. | &nbsp;&nbsp;&nbsp;&nbsp;18631 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;935 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Avid Technology Inc. | &nbsp;&nbsp;&nbsp;&nbsp;32372 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;909 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Methode Electronics Inc. | &nbsp;&nbsp;&nbsp;&nbsp;19530 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;892 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Digi International Inc. | &nbsp;&nbsp;&nbsp;&nbsp;19929 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;846 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;CTS Corp. | &nbsp;&nbsp;&nbsp;&nbsp;19647 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;835 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;CEVA Inc. | &nbsp;&nbsp;&nbsp;&nbsp;28081 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;763 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;OSI Systems Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8230 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;728 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Alpha & Omega Semiconductor Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;20630 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;724 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Adeia Inc. | &nbsp;&nbsp;&nbsp;&nbsp;65485 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;724 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;PDF Solutions Inc. | &nbsp;&nbsp;&nbsp;&nbsp;22412 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;703 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Knowles Corp. | &nbsp;&nbsp;&nbsp;&nbsp;44304 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;691 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;SMART Global Holdings Inc. | &nbsp;&nbsp;&nbsp;&nbsp;36854 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;623 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;8x8 Inc. | &nbsp;&nbsp;&nbsp;144862 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;620 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;LivePerson Inc. | &nbsp;&nbsp;&nbsp;&nbsp;51945 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;610 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Ichor Holdings Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;19767 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;589 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Cerence Inc. | &nbsp;&nbsp;&nbsp;&nbsp;24894 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;511 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Payoneer Global Inc. | &nbsp;&nbsp;&nbsp;&nbsp;85782 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;463 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;FARO Technologies Inc. | &nbsp;&nbsp;&nbsp;&nbsp;10620 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;318 |
| <sup>\*,1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Corsair Gaming Inc. | &nbsp;&nbsp;&nbsp;&nbsp;17954 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;303 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Xperi Inc. | &nbsp;&nbsp;&nbsp;&nbsp;26186 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;280 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;OneSpan Inc. | &nbsp;&nbsp;&nbsp;&nbsp;20698 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;260 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Arlo Technologies Inc. | &nbsp;&nbsp;&nbsp;&nbsp;59397 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;227 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Diebold Nixdorf Inc. | &nbsp;&nbsp;&nbsp;&nbsp;89538 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;192 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Unisys Corp. | &nbsp;&nbsp;&nbsp;&nbsp;39392 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;169 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;**97167** |
| **Materials (4.2%)** | **Materials (4.2%)** | **Materials (4.2%)** | **Materials (4.2%)** |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Livent Corp. | &nbsp;&nbsp;&nbsp;216861 | &nbsp;&nbsp;&nbsp;&nbsp;6070 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Balchem Corp. | &nbsp;&nbsp;&nbsp;&nbsp;38864 | &nbsp;&nbsp;&nbsp;&nbsp;5472 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;HB Fuller Co. | &nbsp;&nbsp;&nbsp;&nbsp;29596 | &nbsp;&nbsp;&nbsp;&nbsp;2377 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;ATI Inc. | &nbsp;&nbsp;&nbsp;&nbsp;70752 | &nbsp;&nbsp;&nbsp;&nbsp;2159 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Quaker Chemical Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9566 | &nbsp;&nbsp;&nbsp;&nbsp;1882 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Materion Corp. | &nbsp;&nbsp;&nbsp;&nbsp;14383 | &nbsp;&nbsp;&nbsp;&nbsp;1159 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;AdvanSix Inc. | &nbsp;&nbsp;&nbsp;&nbsp;18266 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;752 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Hawkins Inc. | &nbsp;&nbsp;&nbsp;&nbsp;12317 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;512 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Myers Industries Inc. | &nbsp;&nbsp;&nbsp;&nbsp;18977 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;443 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Haynes International Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8602 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;430 |
| <sup>\*</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Century Aluminum Co. | &nbsp;&nbsp;&nbsp;&nbsp;27572 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;248 |
|  |  |  | &nbsp;&nbsp;&nbsp;&nbsp;**21504** |
| **Real Estate (6.8%)** | **Real Estate (6.8%)** | **Real Estate (6.8%)** | **Real Estate (6.8%)** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Innovative Industrial Properties Inc. | &nbsp;&nbsp;&nbsp;&nbsp;33846 | &nbsp;&nbsp;&nbsp;&nbsp;4102 |

---

------

---

| | | |
|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;Shares | &nbsp;&nbsp;Market<br> Value<br> ($000) |
| &nbsp;&nbsp;&nbsp;&nbsp;Agree Realty Corp. | &nbsp;&nbsp;&nbsp; 43465 | &nbsp;&nbsp;&nbsp;&nbsp;3040 |
| &nbsp;&nbsp;&nbsp;&nbsp;Tanger Factory Outlet Centers Inc. | &nbsp;&nbsp;&nbsp;126296 | &nbsp;&nbsp;&nbsp;&nbsp;2456 |
| &nbsp;&nbsp;&nbsp;&nbsp;Essential Properties Realty Trust Inc. | &nbsp;&nbsp;&nbsp; 88865 | &nbsp;&nbsp;&nbsp;&nbsp;2063 |
| &nbsp;&nbsp;&nbsp;&nbsp;LXP Industrial Trust | &nbsp;&nbsp;&nbsp;169385 | &nbsp;&nbsp;&nbsp;&nbsp;1823 |
| &nbsp;&nbsp;&nbsp;&nbsp;SITE Centers Corp. | &nbsp;&nbsp;&nbsp;123972 | &nbsp;&nbsp;&nbsp;&nbsp;1685 |
| &nbsp;&nbsp;&nbsp;&nbsp;St. Joe Co. | &nbsp;&nbsp;&nbsp; 41376 | &nbsp;&nbsp;&nbsp;&nbsp;1590 |
| &nbsp;&nbsp;&nbsp;&nbsp;Outfront Media Inc. | &nbsp;&nbsp;&nbsp; 76072 | &nbsp;&nbsp;&nbsp;&nbsp;1391 |
| &nbsp;&nbsp;&nbsp;&nbsp;NexPoint Residential Trust Inc. | &nbsp;&nbsp;&nbsp; 27568 | &nbsp;&nbsp;&nbsp;&nbsp;1326 |
| &nbsp;&nbsp;&nbsp;&nbsp;Four Corners Property Trust Inc. | &nbsp;&nbsp;&nbsp; 48385 | &nbsp;&nbsp;&nbsp;&nbsp;1313 |
| &nbsp;&nbsp;&nbsp;&nbsp;Uniti Group Inc. | &nbsp;&nbsp;&nbsp;166200 | &nbsp;&nbsp;&nbsp;&nbsp;1266 |
| &nbsp;&nbsp;&nbsp;&nbsp;Retail Opportunity Investments Corp. | &nbsp;&nbsp;&nbsp; 74044 | &nbsp;&nbsp;&nbsp;&nbsp;1129 |
| &nbsp;&nbsp;&nbsp;&nbsp;CareTrust REIT Inc. | &nbsp;&nbsp;&nbsp; 55090 | &nbsp;&nbsp;&nbsp;&nbsp;1091 |
| &nbsp;&nbsp;&nbsp;&nbsp;Urban Edge Properties | &nbsp;&nbsp;&nbsp; 63862 | &nbsp;&nbsp;&nbsp;&nbsp;1005 |
| &nbsp;&nbsp;&nbsp;&nbsp;Elme Communities | &nbsp;&nbsp;&nbsp; 46449 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;918 |
| &nbsp;&nbsp;&nbsp;&nbsp;Safehold Inc. | &nbsp;&nbsp;&nbsp;&nbsp;29434 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;869 |
| &nbsp;&nbsp;&nbsp;&nbsp;American Assets Trust Inc. | &nbsp;&nbsp;&nbsp;&nbsp;27042 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;792 |
| &nbsp;&nbsp;&nbsp;&nbsp;Getty Realty Corp. | &nbsp;&nbsp;&nbsp;&nbsp;23631 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;780 |
| &nbsp;&nbsp;&nbsp;&nbsp;Acadia Realty Trust | &nbsp;&nbsp;&nbsp;&nbsp;50464 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;776 |
| &nbsp;&nbsp;&nbsp;&nbsp;Centerspace | &nbsp;&nbsp;&nbsp;&nbsp;11891 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;767 |
| &nbsp;&nbsp;&nbsp;&nbsp;Marcus & Millichap Inc. | &nbsp;&nbsp;&nbsp;&nbsp;17028 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;634 |
| &nbsp;&nbsp;&nbsp;&nbsp;Armada Hoffler Properties Inc. | &nbsp;&nbsp;&nbsp;&nbsp;49887 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;606 |
| &nbsp;&nbsp;&nbsp;&nbsp;Sunstone Hotel Investors Inc. | &nbsp;&nbsp;&nbsp;&nbsp;53846 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;592 |
| &nbsp;&nbsp;&nbsp;&nbsp;RPT Realty | &nbsp;&nbsp;&nbsp;&nbsp;52635 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;590 |
| &nbsp;&nbsp;&nbsp;&nbsp;Community Healthcare Trust Inc. | &nbsp;&nbsp;&nbsp;&nbsp;16636 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;587 |
| &nbsp;&nbsp;&nbsp;&nbsp;Saul Centers Inc. | &nbsp;&nbsp;&nbsp;&nbsp;10813 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;466 |
| &nbsp;&nbsp;&nbsp;&nbsp;iStar Inc. | &nbsp;&nbsp;&nbsp;&nbsp;57754 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;464 |
| &nbsp;&nbsp;&nbsp;&nbsp;Universal Health Realty Income Trust | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8311 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;436 |
| &nbsp;&nbsp;&nbsp;&nbsp;Urstadt Biddle Properties Inc. Class A | &nbsp;&nbsp;&nbsp;&nbsp;19731 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;377 |
| &nbsp;&nbsp;&nbsp;&nbsp;Douglas Elliman Inc. | &nbsp;&nbsp;&nbsp;&nbsp;81717 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;337 |
| &nbsp;&nbsp;&nbsp;&nbsp;Industrial Logistics Properties Trust | &nbsp;&nbsp;&nbsp;&nbsp;32150 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;131 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;**35402** |
| **Utilities (1.6%)** | **Utilities (1.6%)** | **Utilities (1.6%)** |
| &nbsp;&nbsp;&nbsp;&nbsp;American States Water Co. | &nbsp;&nbsp;&nbsp;&nbsp;29521 | &nbsp;&nbsp;&nbsp;&nbsp;2893 |
| &nbsp;&nbsp;&nbsp;&nbsp;California Water Service Group | &nbsp;&nbsp;&nbsp;&nbsp;38816 | &nbsp;&nbsp;&nbsp;&nbsp;2520 |
| &nbsp;&nbsp;&nbsp;&nbsp;Middlesex Water Co. | &nbsp;&nbsp;&nbsp;&nbsp;14674 | &nbsp;&nbsp;&nbsp;&nbsp;1371 |
| &nbsp;&nbsp;&nbsp;&nbsp;Chesapeake Utilities Corp. | &nbsp;&nbsp;&nbsp;&nbsp;11180 | &nbsp;&nbsp;&nbsp;&nbsp;1339 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**8123** |
| **Total Common Stocks (Cost $528,337)** | **Total Common Stocks (Cost $528,337)** | **516494** |

---

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  |  | Coupon | &nbsp;&nbsp;&nbsp;Shares | &nbsp;&nbsp;Market<br> Value<br> ($000) |
| **Temporary Cash Investments (0.6%)** | **Temporary Cash Investments (0.6%)** | **Temporary Cash Investments (0.6%)** | **Temporary Cash Investments (0.6%)** | **Temporary Cash Investments (0.6%)** |
| **Money Market Fund (0.6%)** | **Money Market Fund (0.6%)** | **Money Market Fund (0.6%)** | **Money Market Fund (0.6%)** | **Money Market Fund (0.6%)** |
| <sup>3,4</sup> | &nbsp;&nbsp;&nbsp;&nbsp;Vanguard Market Liquidity Fund<br> **(Cost $2,914)** | 3.877% | 29150 | &nbsp;&nbsp;&nbsp; **2914** |
| **Total Investments (100.4%) (Cost $531,251)** | **Total Investments (100.4%) (Cost $531,251)** | **Total Investments (100.4%) (Cost $531,251)** |  | **519408** |
| **Other Assets and Liabilities—Net (-0.4%)** | **Other Assets and Liabilities—Net (-0.4%)** | **Other Assets and Liabilities—Net (-0.4%)** |  | &nbsp;&nbsp;&nbsp;&nbsp;**(2155)** |
| **Net Assets (100%)** | **Net Assets (100%)** | **Net Assets (100%)** |  | **517253** |

---

Cost is in $000.

---

| | |
|:---|:---|
| \* | Non-income-producing security. |
| 1 | Includes partial security positions on loan to broker-dealers. The total value of securities on loan is $2,530,000. |
| 2 | Security value determined using significant unobservable inputs. |
| 3 | Affiliated money market fund available only to Vanguard funds and certain trusts and accounts managed by Vanguard. Rate shown is the 7-day yield. |
| 4 | Collateral of $2,691,000 was received for securities on loan. |

---

CVR—Contingent Value Rights. <br> REIT—Real Estate Investment Trust.

------

#### Derivative Financial Instruments Outstanding as of Period End

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| Futures Contracts | Futures Contracts | Futures Contracts | Futures Contracts | Futures Contracts |
|  |  |  | ($000) | ($000) |
|  | Expiration | Number of<br> Long (Short)<br> Contracts | Notional<br> Amount | &nbsp;&nbsp;Value and<br> Unrealized<br> Appreciation<br> (Depreciation) |
| Long Futures Contracts | Long Futures Contracts | Long Futures Contracts | Long Futures Contracts | Long Futures Contracts |
| E-mini Russell 2000 Index | December 2022 | 9 | 849 | &nbsp;&nbsp;41 |

---

------

A. Security Valuation: Securities are valued as of the close of trading on the New York Stock Exchange (generally 4 p.m., Eastern time) on the valuation date. Equity securities are valued at the latest quoted sales prices or official closing prices taken from the primary market in which each security trades; such securities not traded on the valuation date are valued at the mean of the latest quoted bid and asked prices. Securities for which market quotations are not readily available, or whose values have been affected by events occurring before the fund's pricing time but after the close of the securities' primary markets, are valued by methods deemed by the valuation designee to represent fair value and subject to oversight by the board of trustees.

Investments in Vanguard Market Liquidity Fund are valued at that fund's net asset value.

B. Futures Contracts: The fund uses index futures contracts to a limited extent, with the objectives of maintaining full exposure to the stock market, maintaining liquidity, and minimizing transaction costs. The fund may purchase futures contracts to immediately invest incoming cash in the market, or sell futures in response to cash outflows, thereby simulating a fully invested position in the underlying index while maintaining a cash balance for liquidity. The primary risks associated with the use of futures contracts are imperfect correlation between changes in market values of stocks held by the fund and the prices of futures contracts, and the possibility of an illiquid market. Counterparty risk involving futures is mitigated because a regulated clearinghouse is the counterparty instead of the clearing broker. To further mitigate counterparty risk, the fund trades futures contracts on an exchange, monitors the financial strength of its clearing brokers and clearinghouse, and has entered into clearing agreements with its clearing brokers. The clearinghouse imposes initial margin requirements to secure the fund's performance and requires daily settlement of variation margin representing changes in the market value of each contract. Any securities pledged as initial margin for open contracts are noted in the Schedule of Investments.

Futures contracts are valued at their quoted daily settlement prices. Fluctuations in the value of the contracts are recorded as an asset (liability).

C. Various inputs may be used to determine the value of the fund's investments and derivatives. These inputs are summarized in three broad levels for financial statement purposes. The inputs or methodologies used to value securities are not necessarily an indication of the risk associated with investing in those securities.

#### Level 1 —Quoted prices in active markets for identical securities.

#### Level 2 —Other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).
**Level 3—Significant unobservable inputs (including the fund's own assumptions used to determine the fair value of investments). Any investments and derivatives valued with significant unobservable inputs are noted on the Schedule of Investments.**

The following table summarizes the market value of the fund's investments and derivatives as of November 30, 2022, based on the inputs used to value them:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Level 1<br> ($000) | &nbsp;&nbsp;&nbsp;Level 2<br> ($000) | &nbsp;&nbsp;&nbsp;Level 3<br> ($000) | &nbsp;&nbsp;&nbsp;Total<br> ($000) |
| **Investments** |  |  |  |  |
| Assets |  |  |  |  |
| Common Stocks | 516494 | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;516494 |
| Temporary Cash Investments | &nbsp;&nbsp;&nbsp;&nbsp;2914 | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2914 |
| Total | 519408 | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;519408 |
| **Derivative Financial Instruments** |  |  |  |  |
| Assets |  |  |  |  |
| Futures Contracts<sup>1</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41 | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;— | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41 |

---

1 Includes cumulative appreciation (depreciation) on futures contracts and centrally cleared swaps, if any, as reported in the Schedule of Investments.

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** VANGUARD ADMIRAL FUNDS

- **b. Investment Company Act file number:** 811-07043

- **c. CIK number of Registrant:** 0000891190

- **d. LEI of Registrant:** 5493001VGEE37B6RMO86

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

  - **Street Address 1:** 100 Vanguard Boulevard

  - **City:** Malvern

  - **State:** PA

  - **Foreign country:** US

  - **Zip / Postal Code:** 19355

  - **Telephone number:** 610-669-1000

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

- **a. Name of Series:** VANGUARD S&P SMALL-CAP 600 GROWTH INDEX FUND

- **b. EDGAR series identifier (if any):** S000030018

- **c. LEI of Series:** VQYUVVFKR8Q2X476WD94

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

- **a. Date of fiscal year-end:** 2023-08-31

- **b. Date as of which information is reported:** 2022-11-30

**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:** $519857524.32

**Total Liabilities:** $2603943.02

**Net Assets:** $517253581.30

**Cash Not Reported:** $28470.09

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000092046 | -9.27%               | 10.03%               | 4.40%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-3017542.33             | $-44323942.23                              |
| Month 2  | $2754532.10              | $42423972.45                               |
| Month 3  | $2816694.83              | $18219962.48                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Varex Imaging Corp                                | VAREX IMAGIN                       | CUSIP: 92214X106<br>LEI: 549300CWYWPVCT8E9W67 | Long             | EC               | CORP              | US        |     30856 | NS      | $655381.44    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Nektar Therapeutics                               | NEKTAR THERAPEUT                   | CUSIP: 640268108<br>LEI: 5299005I24806IOIYE03 | Long             | EC               | CORP              | US        |    102254 | NS      | $286311.20    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| OSI Systems Inc                                   | OSI SYSTEMS INC                    | CUSIP: 671044105<br>LEI: DDX3MPX1Y8YD30050X33 | Long             | EC               | CORP              | US        |      8230 | NS      | $728190.40    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Movado Group Inc                                  | MOVADO GROUP                       | CUSIP: 624580106<br>LEI: 549300WCGCGPWGHVXM59 | Long             | EC               | CORP              | US        |     19371 | NS      | $623552.49    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| iStar Inc                                         | ISTAR INC                          | CUSIP: 45031U101<br>LEI: QFFLKWYYS3UPWD86E794 | Long             | EC               | CORP              | US        |     57754 | NS      | $463764.62    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Thryv Holdings Inc                                | THRYV HOLDINGS I                   | CUSIP: 886029206<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     37045 | NS      | $710523.10    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Hillenbrand Inc                                   | HILLENBRAND INC                    | CUSIP: 431571108<br>LEI: U246OE781574J2BUD366 | Long             | EC               | CORP              | US        |     45251 | NS      | $2262550.00   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Universal Health Realty Income Trust              | UNIVERSAL HEALTH                   | CUSIP: 91359E105<br>LEI: 549300L4MWZL4IH6H172 | Long             | EC               | CORP              | US        |      8209 | NS      | $430890.41    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Axcelis Technologies Inc                          | AXCELIS TECH INC                   | CUSIP: 054540208<br>LEI: 529900HF9B6NL1QG9F05 | Long             | EC               | CORP              | US        |     39837 | NS      | $3181382.82   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Children's Place Inc/The                          | CHILDREN'S PLACE                   | CUSIP: 168905107<br>LEI: 549300BGVK2OO5O7TC19 | Long             | EC               | CORP              | US        |     15906 | NS      | $564663.00    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Dorman Products Inc                               | DORMAN PRODUCTS                    | CUSIP: 258278100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     22869 | NS      | $2049977.16   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Dine Brands Global Inc                            | DINE BRANDS GLOB                   | CUSIP: 254423106<br>LEI: 529900HKM8OWSHLKJY75 | Long             | EC               | CORP              | US        |     10232 | NS      | $763204.88    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Four Corners Property Trust Inc                   | FOUR CORNERS PRO                   | CUSIP: 35086T109<br>LEI: 549300SVTPZPBDVNER42 | Long             | EC               | CORP              | US        |     48197 | NS      | $1308066.58   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Inter Parfums Inc                                 | INTER PARFUMS                      | CUSIP: 458334109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     21524 | NS      | $2051021.96   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Heidrick & Struggles International Inc            | HEIDRICK & STRUG                   | CUSIP: 422819102<br>LEI: 5493006284N2J367VB57 | Long             | EC               | CORP              | US        |     23858 | NS      | $708582.60    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Southside Bancshares Inc                          | SOUTHSIDE BAN IN                   | CUSIP: 84470P109<br>LEI: 549300TC83207VQA2K65 | Long             | EC               | CORP              | US        |     23089 | NS      | $839054.26    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Simulations Plus Inc                              | SIMULATIONS PLUS                   | CUSIP: 829214105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11589 | NS      | $470397.51    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Centerspace                                       | CENTERSPACE                        | CUSIP: 15202L107<br>LEI: 5493002LG2SH9EEHT720 | Long             | EC               | CORP              | US        |     11891 | NS      | $766969.50    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Innoviva Inc                                      | INNOVIVA INC                       | CUSIP: 45781M101<br>LEI: 549300ACOX4QTBES6535 | Long             | EC               | CORP              | US        |     75805 | NS      | $995319.65    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Wolverine World Wide Inc                          | WOLVERINE WORLD                    | CUSIP: 978097103<br>LEI: 549300OVC7PK14LQ8D87 | Long             | EC               | CORP              | US        |     43746 | NS      | $489955.20    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Frontdoor Inc                                     | FRONTDOOR INC                      | CUSIP: 35905A109<br>LEI: 5493008RB0JZJI3QGZ06 | Long             | EC               | CORP              | US        |     40374 | NS      | $943540.38    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Forward Air Corp                                  | FORWARD AIR CORP                   | CUSIP: 349853101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     32392 | NS      | $3639889.04   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Century Aluminum Co                               | CENTURY ALUMINUM                   | CUSIP: 156431108<br>LEI: 549300U5ODNGEYWKSW73 | Long             | EC               | CORP              | US        |     27572 | NS      | $248423.72    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| SITE Centers Corp                                 | SITE CENTERS COR                   | CUSIP: 82981J109<br>LEI: W2AVA6SODOQ1LCYJQR54 | Long             | EC               | CORP              | US        |    123576 | NS      | $1679397.84   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| LXP Industrial Trust                              | LXP INDUSTRIAL T                   | CUSIP: 529043101<br>LEI: 549300S4MH2ICXDBFV43 | Long             | EC               | CORP              | US        |    168854 | NS      | $1816869.04   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Triumph Bancorp Inc                               | TRIUMPH BANCORP                    | CUSIP: 89679E300<br>LEI: 5493003RNRMEVYDZ1Q52 | Long             | EC               | CORP              | US        |     27768 | NS      | $1659415.68   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Ranger Oil Corp                                   | RANGER OIL CORP                    | CUSIP: 70788V102<br>LEI: 5493003S4AVU6OSXB118 | Long             | EC               | CORP              | US        |     23915 | NS      | $1041976.55   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Provident Financial Services Inc                  | PROVIDENT FINANC                   | CUSIP: 74386T105<br>LEI: 529900JOSO3SXEDVE477 | Long             | EC               | CORP              | US        |     41691 | NS      | $939298.23    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Xperi Inc                                         | XPERI INC                          | CUSIP: 98423J101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     26186 | NS      | $280452.06    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| BioLife Solutions Inc                             | BIOLIFE SOLUTION                   | CUSIP: 09062W204<br>LEI: 549300G2IVCMC2TJDW72 | Long             | EC               | CORP              | US        |     41170 | NS      | $871568.90    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Albany International Corp                         | ALBANY INTL CORP                   | CUSIP: 012348108<br>LEI: L73WCPNCZIRSQGZTW097 | Long             | EC               | CORP              | US        |     18771 | NS      | $1902816.27   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Boise Cascade Co                                  | BOISE CASCADE CO                   | CUSIP: 09739D100<br>LEI: 549300Z8B8LSRHC7XA55 | Long             | EC               | CORP              | US        |     22861 | NS      | $1692628.44   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Harmony Biosciences Holdings Inc                  | HARMONY BIOSCIE                    | CUSIP: 413197104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     20003 | NS      | $1195579.31   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Cavco Industries Inc                              | CAVCO INDUSTRIES                   | CUSIP: 149568107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9977 | NS      | $2291018.51   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| LGI Homes Inc                                     | LGI HOMES INC                      | CUSIP: 50187T106<br>LEI: 549300W02B4WNV8CV109 | Long             | EC               | CORP              | US        |     24703 | NS      | $2453996.02   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| First BanCorp/Puerto Rico                         | FIRST BANCORP PR                   | CUSIP: 318672706<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    226752 | NS      | $3487445.76   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Xencor Inc                                        | XENCOR INC                         | CUSIP: 98401F105<br>LEI: 549300V5IF65437JKG30 | Long             | EC               | CORP              | US        |     71840 | NS      | $2135084.80   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Veeco Instruments Inc                             | VEECO INSTRUMENT                   | CUSIP: 922417100<br>LEI: 5493004201F72ADDZW04 | Long             | EC               | CORP              | US        |     62147 | NS      | $1235482.36   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Progress Software Corp                            | PROGRESS SOFTWAR                   | CUSIP: 743312100<br>LEI: 549300R65B3JG6972S24 | Long             | EC               | CORP              | US        |     52407 | NS      | $2794341.24   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| SMART Global Holdings Inc                         | SMART GLOBAL HOL                   | CUSIP: G8232Y101<br>LEI: 529900RDGHQY8XKXPN14 | Long             | EC               | CORP              | US        |     36854 | NS      | $623201.14    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Pacific Premier Bancorp Inc                       | PACIFIC PREMIER                    | CUSIP: 69478X105<br>LEI: 549300Q1KIC3KLI0XG98 | Long             | EC               | CORP              | US        |     50430 | NS      | $1863388.50   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Leslie's Inc                                      | LESLIE'S INC                       | CUSIP: 527064109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     98511 | NS      | $1438260.60   | 0.28%             |  |  |  | No            |                  1 | On Loan: —       |
| Surmodics Inc                                     | SURMODICS INC                      | CUSIP: 868873100<br>LEI: 549300H76KXCAAGUS878 | Long             | EC               | CORP              | US        |     11029 | NS      | $398477.77    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Tootsie Roll Industries Inc                       | TOOTSIE ROLL IND                   | CUSIP: 890516107<br>LEI: 529900SBKOV9XX4M4Q35 | Long             | EC               | CORP              | US        |     10651 | NS      | $478762.45    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Retail Opportunity Investments Corp               | RETAIL OPPORTUNI                   | CUSIP: 76131N101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     73713 | NS      | $1124123.25   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Ligand Pharmaceuticals Inc                        | LIGAND PHARM                       | CUSIP: 53220K504<br>LEI: 5493008K7TB0IKP37H79 | Long             | EC               | CORP              | US        |     19360 | NS      | $1411344.00   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Coherus Biosciences Inc                           | COHERUS BIOSCIEN                   | CUSIP: 19249H103<br>LEI: 5493007IL8W5MV932D26 | Long             | EC               | CORP              | US        |     78002 | NS      | $535093.72    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Lakeland Financial Corp                           | LAKELAND FINL                      | CUSIP: 511656100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     30591 | NS      | $2415465.36   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Stellar Bancorp Inc                               | STELLAR BANCORP                    | CUSIP: 858927106<br>LEI: 54930070P8Z0WHFBB536 | Long             | EC               | CORP              | US        |     11325 | NS      | $382898.25    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| 3D Systems Corp                                   | 3D SYSTEMS CORP                    | CUSIP: 88554D205<br>LEI: 5493003HHDOCCW4OP744 | Long             | EC               | CORP              | US        |    157318 | NS      | $1595204.52   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Enanta Pharmaceuticals Inc                        | ENANTA PHARMACEU                   | CUSIP: 29251M106<br>LEI: 529900SSN4DODDQSN594 | Long             | EC               | CORP              | US        |     14142 | NS      | $619278.18    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Acadia Realty Trust                               | ACADIA REALTY                      | CUSIP: 004239109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     50464 | NS      | $776136.32    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| OmniAb Inc                                        | AVISTA P-CLASS A                   | CUSIP: G07247102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |         1 | NS      | $3.54         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Green Brick Partners Inc                          | GREEN BRICK PART                   | CUSIP: 392709101<br>LEI: 549300R7SCIV7FQI6T56 | Long             | EC               | CORP              | US        |     15335 | NS      | $370800.30    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Customers Bancorp Inc                             | CUSTOMERS BANCOR                   | CUSIP: 23204G100<br>LEI: 549300WLBCHYKZ53FN68 | Long             | EC               | CORP              | US        |     36708 | NS      | $1184567.16   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| AAON Inc                                          | AAON INC                           | CUSIP: 000360206<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     33937 | NS      | $2689846.62   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Core Laboratories NV                              | CORE LABS NV                       | CUSIP: N22717107<br>LEI: 724500MDYY5VBSAF5W50 | Long             | EC               | CORP              | US        |     23537 | NS      | $510282.16    | 0.10%             |  |  |  | No            |                  1 | On Loan: —       |
| Tompkins Financial Corp                           | TOMPKINS FINANCI                   | CUSIP: 890110109<br>LEI: 254900QDQ6V0QJ0Z2348 | Long             | EC               | CORP              | US        |      6691 | NS      | $558966.14    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Brady Corp                                        | BRADY CORP - A                     | CUSIP: 104674106<br>LEI: 549300G2LEQOFQC8GY34 | Long             | EC               | CORP              | US        |     25945 | NS      | $1242765.50   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Cinemark Holdings Inc                             | CINEMARK HOLDING                   | CUSIP: 17243V102<br>LEI: 549300LL2QMPTYIE0K55 | Long             | EC               | CORP              | US        |     67455 | NS      | $918062.55    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Industrial Logistics Properties Trust             | INDUSTRIAL LOGIS                   | CUSIP: 456237106<br>LEI: 5493004XH9PJW009HR47 | Long             | EC               | CORP              | US        |     32150 | NS      | $130850.50    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Clearfield Inc                                    | CLEARFIELD INC                     | CUSIP: 18482P103<br>LEI: 529900M4S2OQ1ADPR537 | Long             | EC               | CORP              | US        |     13804 | NS      | $1816882.48   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Dave & Buster's Entertainment Inc                 | DAVE & BUSTER'S                    | CUSIP: 238337109<br>LEI: 529900WTVU85QZLYHR86 | Long             | EC               | CORP              | US        |     23132 | NS      | $917415.12    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| American Eagle Outfitters Inc                     | AMER EAGLE OUTF                    | CUSIP: 02553E106<br>LEI: 5299001Z9HXK01DHW793 | Long             | EC               | CORP              | US        |     79956 | NS      | $1264903.92   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Callon Petroleum Co                               | CALLON PETROLEUM                   | CUSIP: 13123X508<br>LEI: 549300EFOWPEB0WLZW21 | Long             | EC               | CORP              | US        |     61779 | NS      | $2589775.68   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| LivePerson Inc                                    | LIVEPERSON INC                     | CUSIP: 538146101<br>LEI: 549300IN2P1JZ20G7N40 | Long             | EC               | CORP              | US        |     51945 | NS      | $609834.30    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Anika Therapeutics Inc                            | ANIKA THERAPEUTI                   | CUSIP: 035255108<br>LEI: 529900R9LS3Z0O6QH455 | Long             | EC               | CORP              | US        |      9312 | NS      | $293700.48    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Sturm Ruger & Co Inc                              | STURM RUGER & CO                   | CUSIP: 864159108<br>LEI: 529900DV1BWFJSHFO847 | Long             | EC               | CORP              | US        |     21348 | NS      | $1172645.64   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Community Healthcare Trust Inc                    | COMMUNITY HEALTH                   | CUSIP: 20369C106<br>LEI: 549300FATSRCMKOV9536 | Long             | EC               | CORP              | US        |     16636 | NS      | $586585.36    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Kontoor Brands Inc                                | KONTOOR BRAND                      | CUSIP: 50050N103<br>LEI: 549300M0CPXV65RFF271 | Long             | EC               | CORP              | US        |     30236 | NS      | $1313754.20   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| OneSpan Inc                                       | ONESPAN INC                        | CUSIP: 68287N100<br>LEI: 549300D67QDZG593UX89 | Long             | EC               | CORP              | US        |     20698 | NS      | $260173.86    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| CSG Systems International Inc                     | CSG SYSTEMS INTL                   | CUSIP: 126349109<br>LEI: 549300D7FJZUOHHXUA81 | Long             | EC               | CORP              | US        |     22861 | NS      | $1413724.24   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Vista Outdoor Inc                                 | VISTA OUTDOOR                      | CUSIP: 928377100<br>LEI: 549300QI2D33ESTJLN81 | Long             | EC               | CORP              | US        |     68209 | NS      | $1907805.73   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Livent Corp                                       | LIVENT CORP                        | CUSIP: 53814L108<br>LEI: 254900OOLQ2VNMZTJL47 | Long             | EC               | CORP              | US        |    216258 | NS      | $6053061.42   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Alpha & Omega Semiconductor Ltd                   | ALPHA & OMEGA SE                   | CUSIP: G6331P104<br>LEI: 5493001FE7J03YOV2V35 | Long             | EC               | CORP              | US        |     20630 | NS      | $723700.40    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Patrick Industries Inc                            | PATRICK INDS INC                   | CUSIP: 703343103<br>LEI: 549300FZ5ZTCCJ3Z5W14 | Long             | EC               | CORP              | US        |     12331 | NS      | $689672.83    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Materion Corp                                     | MATERION CORP                      | CUSIP: 576690101<br>LEI: 549300CJ5RI351SUYT02 | Long             | EC               | CORP              | US        |     14383 | NS      | $1158694.48   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Marcus & Millichap Inc                            | MARCUS & MILLICH                   | CUSIP: 566324109<br>LEI: 549300B2HE8ULXNB1N48 | Long             | EC               | CORP              | US        |     17028 | NS      | $634122.72    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal Signal Corp                               | FED SIGNAL CORP                    | CUSIP: 313855108<br>LEI: 549300RTXZRPTNP6G884 | Long             | EC               | CORP              | US        |     44617 | NS      | $2167940.03   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| WSFS Financial Corp                               | WSFS FINANCIAL                     | CUSIP: 929328102<br>LEI: 549300SU7VQHD6QRG886 | Long             | EC               | CORP              | US        |     33738 | NS      | $1636630.38   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Diebold Nixdorf Inc                               | DIEBOLD NIXDORF                    | CUSIP: 253651103<br>LEI: 549300XZK6EWDBAZSY16 | Long             | EC               | CORP              | US        |     89538 | NS      | $192506.70    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Cardiovascular Systems Inc                        | CARDIOVASCULAR S                   | CUSIP: 141619106<br>LEI: 549300NUBWKJMNMQ3287 | Long             | EC               | CORP              | US        |     20706 | NS      | $290091.06    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| AngioDynamics Inc                                 | ANGIODYNAMICS IN                   | CUSIP: 03475V101<br>LEI: 549300W3VKC5ZKMO8C28 | Long             | EC               | CORP              | US        |     47114 | NS      | $610126.30    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Comfort Systems USA Inc                           | COMFORT SYSTEMS                    | CUSIP: 199908104<br>LEI: 5299009DT1ZA5HTU6R38 | Long             | EC               | CORP              | US        |     43158 | NS      | $5470708.08   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| St Joe Co/The                                     | ST JOE CO                          | CUSIP: 790148100<br>LEI: 529900XVHOT3BF8PWG49 | Long             | EC               | CORP              | US        |     41244 | NS      | $1585006.92   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Hilltop Holdings Inc                              | HILLTOP HOLDINGS                   | CUSIP: 432748101<br>LEI: 54930010TA543US0PM65 | Long             | EC               | CORP              | US        |     28253 | NS      | $841939.40    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Trupanion Inc                                     | TRUPANION INC                      | CUSIP: 898202106<br>LEI: 549300J86GFKIDGMQP18 | Long             | EC               | CORP              | US        |     42268 | NS      | $2209348.36   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Park National Corp                                | PARK NATL CORP                     | CUSIP: 700658107<br>LEI: 5493001T01TDELV5OO63 | Long             | EC               | CORP              | US        |     11006 | NS      | $1665537.98   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Palomar Holdings Inc                              | PALOMAR HOLDINGS                   | CUSIP: 69753M105<br>LEI: 549300DOI1MUW11BLX74 | Long             | EC               | CORP              | US        |     30456 | NS      | $1910809.44   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Dime Community Bancshares Inc                     | DIME COMMUNITY B                   | CUSIP: 25432X102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     18805 | NS      | $670774.35    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Uniti Group Inc                                   | UNITI GROUP INC                    | CUSIP: 91325V108<br>LEI: 549300V3NU625PJUVA84 | Long             | EC               | CORP              | US        |    166200 | NS      | $1266444.00   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Donnelley Financial Solutions Inc                 | DONNELLEY FINANC                   | CUSIP: 25787G100<br>LEI: 549300O1NPY4J56QCU04 | Long             | EC               | CORP              | US        |     30874 | NS      | $1178769.32   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Arlo Technologies Inc                             | ARLO TECHNOLOGIE                   | CUSIP: 04206A101<br>LEI: 549300T4EUX2OQ75HV52 | Long             | EC               | CORP              | US        |     59397 | NS      | $226896.54    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Academy Sports & Outdoors Inc                     | ACADEMY SPORTS &                   | CUSIP: 00402L107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     60545 | NS      | $3056311.60   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Blucora Inc                                       | BLUCORA INC                        | CUSIP: 095229100<br>LEI: 5299001IO03J69IP6L77 | Long             | EC               | CORP              | US        |     25346 | NS      | $634917.30    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| ArcBest Corp                                      | ARCBEST CORP                       | CUSIP: 03937C105<br>LEI: 5493006S3KBNE8ZS3J23 | Long             | EC               | CORP              | US        |     29580 | NS      | $2448336.60   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Gibraltar Industries Inc                          | GIBRALTAR INDUST                   | CUSIP: 374689107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     17960 | NS      | $908955.60    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| National Bank Holdings Corp                       | NATIONAL-CL A                      | CUSIP: 633707104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     21059 | NS      | $979454.09    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Cutera Inc                                        | CUTERA INC                         | CUSIP: 232109108<br>LEI: 529900NPKPEWJWR21Z42 | Long             | EC               | CORP              | US        |     13570 | NS      | $645660.60    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| CTS Corp                                          | CTS CORP                           | CUSIP: 126501105<br>LEI: 549300YV1HQLBVHOI649 | Long             | EC               | CORP              | US        |     19647 | NS      | $834997.50    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Urban Edge Properties                             | URBAN EDGE P                       | CUSIP: 91704F104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     63862 | NS      | $1004549.26   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| ModivCare Inc                                     | MODIVCARE INC                      | CUSIP: 60783X104<br>LEI: 549300EFZIFW7F7I0Q28 | Long             | EC               | CORP              | US        |      8716 | NS      | $671132.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| AeroVironment Inc                                 | AEROVIRONMENT IN                   | CUSIP: 008073108<br>LEI: 529900PGHVI29YLZ6221 | Long             | EC               | CORP              | US        |     16294 | NS      | $1498885.06   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| RadNet Inc                                        | RADNET INC                         | CUSIP: 750491102<br>LEI: 529900RECG94V2IZJ970 | Long             | EC               | CORP              | US        |     58866 | NS      | $1163780.82   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Northfield Bancorp Inc                            | NORTHFIELD BANCO                   | CUSIP: 66611T108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     29748 | NS      | $474480.60    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| US Physical Therapy Inc                           | US PHYSICAL THER                   | CUSIP: 90337L108<br>LEI: 529900KL1UXQYFIOMY96 | Long             | EC               | CORP              | US        |      7069 | NS      | $610832.29    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| NV5 Global Inc                                    | NV5 GLOBAL INC                     | CUSIP: 62945V109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     15004 | NS      | $2168228.04   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Zynex Inc                                         | ZYNEX INC                          | CUSIP: 98986M103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     26886 | NS      | $368875.92    | 0.07%             |  |  |  | No            |                  1 | On Loan: —       |
| Sonos Inc                                         | SONOS INC                          | CUSIP: 83570H108<br>LEI: 549300WEPU6075I77M08 | Long             | EC               | CORP              | US        |     75331 | NS      | $1320552.43   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| XPEL Inc                                          | XPEL INC                           | CUSIP: 98379L100<br>LEI: 549300KWSE3IGXLJNW66 | Long             | EC               | CORP              | US        |     23664 | NS      | $1622167.20   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| TechTarget Inc                                    | TECHTARGET                         | CUSIP: 87874R100<br>LEI: 529900YQA5JL2H2VMB84 | Long             | EC               | CORP              | US        |     32746 | NS      | $1495182.36   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Monarch Casino & Resort Inc                       | MONARCH CASINO                     | CUSIP: 609027107<br>LEI: 549300AK5FF7KY11V997 | Long             | EC               | CORP              | US        |     15956 | NS      | $1353866.60   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Oxford Industries Inc                             | OXFORD INDS INC                    | CUSIP: 691497309<br>LEI: IDZ20O0XD3GS4UOI2L88 | Long             | EC               | CORP              | US        |     11576 | NS      | $1306467.36   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Avid Bioservices Inc                              | AVID BIOSERVICES                   | CUSIP: 05368M106<br>LEI: 549300GRUS3ZMGP8MX22 | Long             | EC               | CORP              | US        |     74726 | NS      | $1170209.16   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Stewart Information Services Corp                 | STEWART INFO SVC                   | CUSIP: 860372101<br>LEI: 529900TV1XI0PLKENU10 | Long             | EC               | CORP              | US        |     16067 | NS      | $711125.42    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Ellington Financial Inc                           | ELLINGTON FINANC                   | CUSIP: 28852N109<br>LEI: 60GS1D1R1YY5G1W7IT74 | Long             | EC               | CORP              | US        |     30401 | NS      | $414669.64    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Preferred Bank/Los Angeles CA                     | PREFERRED BANK                     | CUSIP: 740367404<br>LEI: 5493007K6HGI9G0ECX16 | Long             | EC               | CORP              | US        |     16463 | NS      | $1244438.17   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| NeoGenomics Inc                                   | NEOGENOMICS INC                    | CUSIP: 64049M209<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     83500 | NS      | $936035.00    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Axos Financial Inc                                | AXOS FINANCIAL I                   | CUSIP: 05465C100<br>LEI: 529900D8M56422GK9O25 | Long             | EC               | CORP              | US        |     64141 | NS      | $2572695.51   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Korn Ferry                                        | KORN FERRY                         | CUSIP: 500643200<br>LEI: 549300FOD20OM0GT5G40 | Long             | EC               | CORP              | US        |     65857 | NS      | $3755824.71   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Balchem Corp                                      | BALCHEM CORP                       | CUSIP: 057665200<br>LEI: 549300VR70OPMHUI3557 | Long             | EC               | CORP              | US        |     38743 | NS      | $5455014.40   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                               | E-Mini Russ 2000  Dec22            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | N/A       |         9 | NC      | $40701.08     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Lindsay Corp                                      | LINDSAY CORP                       | CUSIP: 535555106<br>LEI: 549300ZFO0QG5H8TPI61 | Long             | EC               | CORP              | US        |      7825 | NS      | $1381034.25   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Kulicke & Soffa Industries Inc                    | KULICKE & SOFFA                    | CUSIP: 501242101<br>LEI: 529900H6BEIRBF429744 | Long             | EC               | CORP              | US        |     70047 | NS      | $3358753.65   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Digi International Inc                            | DIGI INTL INC                      | CUSIP: 253798102<br>LEI: 529900KG656HGROI4N27 | Long             | EC               | CORP              | US        |     19929 | NS      | $846384.63    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| UFP Industries Inc                                | UFP INDUSTRIES I                   | CUSIP: 90278Q108<br>LEI: 5493007KB485C9OV5572 | Long             | EC               | CORP              | US        |     74341 | NS      | $6085554.26   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Community Bank System Inc                         | COMMUNITY BANK S                   | CUSIP: 203607106<br>LEI: 5299008N6YHE6GCP1E80 | Long             | EC               | CORP              | US        |     29843 | NS      | $1943973.02   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| WisdomTree Inc                                    | WISDOMTREE INC                     | CUSIP: 97717P104<br>LEI: 549300WIU8IS7UFO7871 | Long             | EC               | CORP              | US        |     82933 | NS      | $461936.81    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| USANA Health Sciences Inc                         | USANA HEALTH SCI                   | CUSIP: 90328M107<br>LEI: 549300YTURXE814MAH96 | Long             | EC               | CORP              | US        |      9008 | NS      | $495800.32    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Century Communities Inc                           | CENTURY COMMUNIT                   | CUSIP: 156504300<br>LEI: 5299002QMB2O7ZL1CA26 | Long             | EC               | CORP              | US        |     34695 | NS      | $1670911.20   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| ADTRAN Holdings Inc                               | ADTRAN HOLDINGS                    | CUSIP: 00486H105<br>LEI: 549300VV36J86CRRWF77 | Long             | EC               | CORP              | US        |     85008 | NS      | $1723112.16   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| First Commonwealth Financial Corp                 | FIRST COMMON FIN                   | CUSIP: 319829107<br>LEI: 549300ZHLQ42NXDETL24 | Long             | EC               | CORP              | US        |     62052 | NS      | $913405.44    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Community Health Systems Inc                      | COMMUNITY HEALTH                   | CUSIP: 203668108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    151316 | NS      | $519013.88    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Allscripts Healthcare Solutions Inc               | ALLSCRIPTS HEALT                   | CUSIP: 01988P108<br>LEI: Y68YJHVB1GU4TAU3C223 | Long             | EC               | CORP              | US        |     52219 | NS      | $989027.86    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameris Bancorp                                    | AMERIS BANCORP                     | CUSIP: 03076K108<br>LEI: PBJHNT51T5V6G5UQFV42 | Long             | EC               | CORP              | US        |     44828 | NS      | $2370504.64   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Heska Corp                                        | HESKA CORP                         | CUSIP: 42805E306<br>LEI: 529900O1OR2EB7L0HY27 | Long             | EC               | CORP              | US        |     12292 | NS      | $790990.20    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Quaker Chemical Corp                              | QUAKER CHEMICAL                    | CUSIP: 747316107<br>LEI: 549300PJQ1R3WCWCPS54 | Long             | EC               | CORP              | US        |      9539 | NS      | $1877179.81   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| World Acceptance Corp                             | WORLD ACCEPTANCE                   | CUSIP: 981419104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4380 | NS      | $310585.80    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Shake Shack Inc                                   | SHAKE SHACK IN-A                   | CUSIP: 819047101<br>LEI: 529900J74GJAHYP80N79 | Long             | EC               | CORP              | US        |     24698 | NS      | $1299114.80   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Banner Corp                                       | BANNER CORPORATI                   | CUSIP: 06652V208<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     17761 | NS      | $1254281.82   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Signet Jewelers Ltd                               | SIGNET JEWELERS                    | CUSIP: G81276100<br>LEI: 549300N3XPGE91WV7M22 | Long             | EC               | CORP              | US        |     56104 | NS      | $3646760.00   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| HB Fuller Co                                      | HB FULLER CO                       | CUSIP: 359694106<br>LEI: JSMX3Z5FOYM8V0Q52357 | Long             | EC               | CORP              | US        |     29505 | NS      | $2369546.55   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Saul Centers Inc                                  | SAUL CENTERS INC                   | CUSIP: 804395101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10695 | NS      | $460954.50    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| ANI Pharmaceuticals Inc                           | ANI PHARMACEUTIC                   | CUSIP: 00182C103<br>LEI: 5493000T6CXTND40YH31 | Long             | EC               | CORP              | US        |      8610 | NS      | $361189.50    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Cara Therapeutics Inc                             | CARA THERAPEUTIC                   | CUSIP: 140755109<br>LEI: 549300COVOY41P0GZ881 | Long             | EC               | CORP              | US        |     54392 | NS      | $641825.60    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Insteel Industries Inc                            | INSTEEL INDS                       | CUSIP: 45774W108<br>LEI: 52990026LKY4MOX3L174 | Long             | EC               | CORP              | US        |     23597 | NS      | $695875.53    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Ensign Group Inc/The                              | ENSIGN GROUP INC                   | CUSIP: 29358P101<br>LEI: 5493003K4HEEA8Q0BC72 | Long             | EC               | CORP              | US        |     35992 | NS      | $3419240.00   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Mesa Laboratories Inc                             | MESA LABS                          | CUSIP: 59064R109<br>LEI: 549300ZCG738WLX8ZW79 | Long             | EC               | CORP              | US        |      3561 | NS      | $602414.37    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| LCI Industries                                    | LCI INDUSTRIES                     | CUSIP: 50189K103<br>LEI: 549300E1B98YNJ1WIQ04 | Long             | EC               | CORP              | US        |     20550 | NS      | $2031573.00   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Vector Group Ltd                                  | DOUGLAS ELLIMAN                    | CUSIP: 25961D105<br>LEI: 549300TUIF4WWN6NDN50 | Long             | EC               | CORP              | US        |     81717 | NS      | $336674.04    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanda Pharmaceuticals Inc                         | VANDA PHARMACEUT                   | CUSIP: 921659108<br>LEI: 529900AY8VOOQBKJ0O70 | Long             | EC               | CORP              | US        |     43541 | NS      | $475032.31    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Enova International Inc                           | ENOVA INTERNATIO                   | CUSIP: 29357K103<br>LEI: 549300O8XOCQSB49UO63 | Long             | EC               | CORP              | US        |     38665 | NS      | $1559746.10   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Omniab Inc/old                                    | OMNIAB INC - 12.5                  | CUSIP: 68218J202<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7390 | NS      | $0.07         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Aerojet Rocketdyne Holdings Inc                   | AEROJET ROCKETDY                   | CUSIP: 007800105<br>LEI: 549300VULNLWHE8QWI76 | Long             | EC               | CORP              | US        |     47419 | NS      | $2465788.00   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| United Community Banks Inc/GA                     | UNITED COMMUNITY                   | CUSIP: 90984P303<br>LEI: 549300GVW0FV66X3U703 | Long             | EC               | CORP              | US        |     81876 | NS      | $3190707.72   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Industrial Technologies Inc               | APPLIED INDU TEC                   | CUSIP: 03820C105<br>LEI: 549300NU173IJRC6PO38 | Long             | EC               | CORP              | US        |     19935 | NS      | $2641188.15   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Amphastar Pharmaceuticals Inc                     | AMPHASTAR PHARMA                   | CUSIP: 03209R103<br>LEI: 54930055TH0ZLSAQMJ38 | Long             | EC               | CORP              | US        |     31411 | NS      | $926310.39    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Catalyst Pharmaceuticals Inc                      | CATALYST PHARMAC                   | CUSIP: 14888U101<br>LEI: 5299004O0R5XXLA5H544 | Long             | EC               | CORP              | US        |    114209 | NS      | $1915284.93   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| GMS Inc                                           | GMS INC                            | CUSIP: 36251C103<br>LEI: 52990057RENOQO4U0D72 | Long             | EC               | CORP              | US        |     28847 | NS      | $1416387.70   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| CareTrust REIT Inc                                | CARETRUST REI                      | CUSIP: 14174T107<br>LEI: 5493001NVXE2B9GPLU96 | Long             | EC               | CORP              | US        |     55090 | NS      | $1090782.00   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Rambus Inc                                        | RAMBUS INC                         | CUSIP: 750917106<br>LEI: 2549000211GDCQSLV833 | Long             | EC               | CORP              | US        |    133355 | NS      | $5118164.90   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Mueller Industries Inc                            | MUELLER INDS                       | CUSIP: 624756102<br>LEI: 5493005IZFE4VJLLYG84 | Long             | EC               | CORP              | US        |     68387 | NS      | $4702973.99   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Six Flags Entertainment Corp                      | SIX FLAGS ENTERT                   | CUSIP: 83001A102<br>LEI: 549300JYTDUAA4JQ3717 | Long             | EC               | CORP              | US        |     43764 | NS      | $1054274.76   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Brightsphere Investment Group Inc                 | BRIGHTSPHERE INV                   | CUSIP: 10948W103<br>LEI: 5493004FTLQNQTBOP608 | Long             | EC               | CORP              | US        |     39045 | NS      | $794956.20    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Installed Building Products Inc                   | INSTALLED BUILDI                   | CUSIP: 45780R101<br>LEI: 549300I95Y9P9YM5FI86 | Long             | EC               | CORP              | US        |     28427 | NS      | $2414305.11   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Civitas Resources Inc                             | CIVITAS RESOURCE                   | CUSIP: 17888H103<br>LEI: IIVIHPH28S64K95M2381 | Long             | EC               | CORP              | US        |     62570 | NS      | $4214715.20   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Sleep Number Corp                                 | SLEEP NUMBER COR                   | CUSIP: 83125X103<br>LEI: 529900W0TZQLBT2DSS66 | Long             | EC               | CORP              | US        |     26418 | NS      | $772726.50    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Monro Inc                                         | MONRO INC                          | CUSIP: 610236101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16739 | NS      | $761122.33    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Independent Bank Corp                             | INDEP BANK/MA                      | CUSIP: 453836108<br>LEI: 549300C5K3W8THR3GE10 | Long             | EC               | CORP              | US        |     23271 | NS      | $2106490.92   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| ATI Inc                                           | ATI INC                            | CUSIP: 01741R102<br>LEI: ZW1LRE7C3H17O2ZN9B45 | Long             | EC               | CORP              | US        |     70510 | NS      | $2151260.10   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| KKR Real Estate Finance Trust Inc                 | KKR REAL ESTATE                    | CUSIP: 48251K100<br>LEI: 549300K23AYZDZ2REL62 | Long             | EC               | CORP              | US        |     27305 | NS      | $451897.75    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Central Pacific Financial Corp                    | CENTRAL PACIFIC                    | CUSIP: 154760409<br>LEI: 549300W3YEAOZ4KGG849 | Long             | EC               | CORP              | US        |     20431 | NS      | $432932.89    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Getty Realty Corp                                 | GETTY REALTY                       | CUSIP: 374297109<br>LEI: 2549000P1W5SFJWCNP90 | Long             | EC               | CORP              | US        |     23631 | NS      | $780295.62    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Laredo Petroleum Inc                              | LAREDO PETROLEUM                   | CUSIP: 516806205<br>LEI: 549300X0PTWU2QSLSL14 | Long             | EC               | CORP              | US        |     13861 | NS      | $884747.63    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Golden Entertainment Inc                          | GOLDEN ENTERTAIN                   | CUSIP: 381013101<br>LEI: 549300P8YYCKQVJ0Y638 | Long             | EC               | CORP              | US        |     17758 | NS      | $786856.98    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| MYR Group Inc                                     | MYR GROUP INC/DE                   | CUSIP: 55405W104<br>LEI: 529900G1IMMZHOQ17I54 | Long             | EC               | CORP              | US        |     20100 | NS      | $1920153.00   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Encore Capital Group Inc                          | ENCORE CAPITAL G                   | CUSIP: 292554102<br>LEI: 5493000UVC6H49CIH830 | Long             | EC               | CORP              | US        |     13851 | NS      | $698090.40    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Vector Group Ltd                                  | VECTOR GROUP LTD                   | CUSIP: 92240M108<br>LEI: 549300TUIF4WWN6NDN50 | Long             | EC               | CORP              | US        |    158884 | NS      | $1763612.40   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Outfront Media Inc                                | OUTFRONT MEDIA I                   | CUSIP: 69007J106<br>LEI: 549300RZWDYU5722I639 | Long             | EC               | CORP              | US        |     75796 | NS      | $1386308.84   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Safehold Inc                                      | SAFEHOLD INC                       | CUSIP: 78645L100<br>LEI: 549300MHMP6BIE0XV355 | Long             | EC               | CORP              | US        |     25450 | NS      | $751284.00    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Assured Guaranty Ltd                              | ASSURED GUARANTY                   | CUSIP: G0585R106<br>LEI: 549300BBOQUJEPH87M14 | Long             | EC               | CORP              | US        |     31395 | NS      | $2089965.15   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| A10 Networks Inc                                  | A10 NETWORKS INC                   | CUSIP: 002121101<br>LEI: 549300UQD4IWUML81Q35 | Long             | EC               | CORP              | US        |     80036 | NS      | $1497473.56   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| elf Beauty Inc                                    | ELF BEAUTY INC                     | CUSIP: 26856L103<br>LEI: 549300U2K9TCON25C029 | Long             | EC               | CORP              | US        |     60070 | NS      | $3301447.20   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Triumph Group Inc                                 | TRIUMPH GROUP                      | CUSIP: 896818101<br>LEI: 5493007L6S47Q14SL582 | Long             | EC               | CORP              | US        |     78393 | NS      | $897599.85    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Organogenesis Holdings Inc                        | ORGANOGENESIS HO                   | CUSIP: 68621F102<br>LEI: 549300RLC2O821TU6941 | Long             | EC               | CORP              | US        |     85363 | NS      | $233894.62    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Forrester Research Inc                            | FORRESTER RESEAR                   | CUSIP: 346563109<br>LEI: 549300UUSFXYLJ80Z897 | Long             | EC               | CORP              | US        |     13499 | NS      | $474894.82    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Bancorp Inc/The                                   | BANCORP INC/THE                    | CUSIP: 05969A105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     68238 | NS      | $2045092.86   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| FormFactor Inc                                    | FORMFACTOR INC                     | CUSIP: 346375108<br>LEI: 549300YCEEO6SZD1ZR61 | Long             | EC               | CORP              | US        |     58715 | NS      | $1354555.05   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Pathward Financial Inc                            | PATHWARD FINANCI                   | CUSIP: 59100U108<br>LEI: 5493004X52BH1NBLW813 | Long             | EC               | CORP              | US        |     35085 | NS      | $1527250.05   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Cogent Communications Holdings Inc                | COGENT COMMUNICA                   | CUSIP: 19239V302<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     34490 | NS      | $2002144.50   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Meridian Bioscience Inc                           | MERIDIAN BIOSCI                    | CUSIP: 589584101<br>LEI: 549300ELSRZEFFFRX195 | Long             | EC               | CORP              | US        |     33838 | NS      | $1082816.00   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| United Natural Foods Inc                          | UNITED NATURAL                     | CUSIP: 911163103<br>LEI: 549300GKGW6WPZ282D40 | Long             | EC               | CORP              | US        |     70304 | NS      | $3352094.72   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Yelp Inc                                          | YELP INC                           | CUSIP: 985817105<br>LEI: 5299007OU2DOSXPQBO35 | Long             | EC               | CORP              | US        |     41565 | NS      | $1286436.75   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| PGT Innovations Inc                               | PGT INNOVATIONS                    | CUSIP: 69336V101<br>LEI: 549300LRW9WM59C1S579 | Long             | EC               | CORP              | US        |     32640 | NS      | $645945.60    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| NexPoint Residential Trust Inc                    | NEXPOINT RESI                      | CUSIP: 65341D102<br>LEI: 549300U2J6XVYBF87166 | Long             | EC               | CORP              | US        |     27568 | NS      | $1325745.12   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Hibbett Inc                                       | HIBBETT INC                        | CUSIP: 428567101<br>LEI: 529900RD6P643J1CZM55 | Long             | EC               | CORP              | US        |     15621 | NS      | $1041295.86   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| OptimizeRx Corp                                   | OPTIMIZERX CORP                    | CUSIP: 68401U204<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     21838 | NS      | $460563.42    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| FB Financial Corp                                 | FB FINANCIAL COR                   | CUSIP: 30257X104<br>LEI: 5493000B2LD2C2A6C435 | Long             | EC               | CORP              | US        |     20399 | NS      | $873281.19    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Chesapeake Utilities Corp                         | CHESAPEAKE UTIL                    | CUSIP: 165303108<br>LEI: 254900WW0FDCKAOCKE74 | Long             | EC               | CORP              | US        |     11137 | NS      | $1333433.01   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Cmt Funds-Vanguard Market Liquidity Fund | Vanguard Market Liquidity Fund     | CUSIP: N/A<br>LEI: 1I6HV0TLSTR3A4XQ6L78       | Long             | STIV             | CORP              | US        |      1943 | NS      | $194290.57    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Badger Meter Inc                                  | BADGER METER INC                   | CUSIP: 056525108<br>LEI: 5493002JENE20OGTUG20 | Long             | EC               | CORP              | US        |     22944 | NS      | $2657374.08   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| CEVA Inc                                          | CEVA INC                           | CUSIP: 157210105<br>LEI: 529900G9T7CVU2J2VU73 | Long             | EC               | CORP              | US        |     28081 | NS      | $762960.77    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| California Water Service Group                    | CALIF WATER SRVC                   | CUSIP: 130788102<br>LEI: 529900QABDOBU6UVRQ36 | Long             | EC               | CORP              | US        |     38664 | NS      | $2510453.52   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Adeia Inc                                         | ADEIA INC                          | CUSIP: 00676P107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     65485 | NS      | $723609.25    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Abercrombie & Fitch Co                            | ABERCROMBIE & FI                   | CUSIP: 002896207<br>LEI: 5493000J7LL72TOGT983 | Long             | EC               | CORP              | US        |     28550 | NS      | $684629.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Walker & Dunlop Inc                               | WALKER & DUNLOP                    | CUSIP: 93148P102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     37037 | NS      | $3307774.47   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Cerence Inc                                       | CERENCE INC                        | CUSIP: 156727109<br>LEI: 5493002WL2W5WMS89568 | Long             | EC               | CORP              | US        |     24612 | NS      | $504792.12    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Myriad Genetics Inc                               | MYRIAD GENETICS                    | CUSIP: 62855J104<br>LEI: 52990044IHUOUMETT163 | Long             | EC               | CORP              | US        |     50715 | NS      | $1027485.90   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Addus HomeCare Corp                               | ADDUS HOMECARE                     | CUSIP: 006739106<br>LEI: 52990090ZT33AKPDBX62 | Long             | EC               | CORP              | US        |      8353 | NS      | $921168.84    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Sally Beauty Holdings Inc                         | SALLY BEAUTY HOL                   | CUSIP: 79546E104<br>LEI: 529900VXW6E8ONDIQ271 | Long             | EC               | CORP              | US        |     56925 | NS      | $669438.00    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Payoneer Global Inc                               | PAYONEER GLOBAL                    | CUSIP: 70451X104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     85782 | NS      | $463222.80    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Alamo Group Inc                                   | ALAMO GROUP                        | CUSIP: 011311107<br>LEI: 54930080C93RVZRSDV26 | Long             | EC               | CORP              | US        |      5219 | NS      | $785459.50    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Sunstone Hotel Investors Inc                      | SUNSTONE HOTEL                     | CUSIP: 867892101<br>LEI: 529900ZQ2V52V96ATF67 | Long             | EC               | CORP              | US        |     53846 | NS      | $591767.54    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Rent-A-Center Inc/TX                              | RENT-A-CENTER                      | CUSIP: 76009N100<br>LEI: 529900QUHE15UQNCCJ63 | Long             | EC               | CORP              | US        |     30901 | NS      | $744405.09    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Arcus Biosciences Inc                             | ARCUS BIOSCIENCE                   | CUSIP: 03969F109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     62718 | NS      | $2205792.06   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| CorVel Corp                                       | CORVEL CORP                        | CUSIP: 221006109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11134 | NS      | $1703167.98   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| uniQure NV                                        | UNIQURE NV                         | CUSIP: N90064101<br>LEI: 724500RPCTZLFYJZ3S98 | Long             | EC               | CORP              | US        |     49714 | NS      | $1315432.44   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Methode Electronics Inc                           | METHODE ELEC                       | CUSIP: 591520200<br>LEI: 529900VM413LGLUS3F07 | Long             | EC               | CORP              | US        |     19530 | NS      | $892130.40    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Shoe Carnival Inc                                 | SHOE CARNIVAL                      | CUSIP: 824889109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     20583 | NS      | $543597.03    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Virtus Investment Partners Inc                    | VIRTUS INVEST                      | CUSIP: 92828Q109<br>LEI: 549300HWF93HB8BDM648 | Long             | EC               | CORP              | US        |      8260 | NS      | $1601944.40   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| MarineMax Inc                                     | MARINEMAX INC                      | CUSIP: 567908108<br>LEI: 254900TIXTN8WY3FNN63 | Long             | EC               | CORP              | US        |     26016 | NS      | $859308.48    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Diodes Inc                                        | DIODES INC                         | CUSIP: 254543101<br>LEI: 549300XP2X1ARVH3BX23 | Long             | EC               | CORP              | US        |     54847 | NS      | $5058538.81   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| American States Water Co                          | AMER STATES WATE                   | CUSIP: 029899101<br>LEI: 529900L26LIS2V8PWM23 | Long             | EC               | CORP              | US        |     29404 | NS      | $2881297.96   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Unisys Corp                                       | UNISYS CORP                        | CUSIP: 909214306<br>LEI: 549300T21W22FIJJOW08 | Long             | EC               | CORP              | US        |     39392 | NS      | $169385.60    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Viad Corp                                         | VIAD CORP                          | CUSIP: 92552R406<br>LEI: 549300PXU4ZW7LPO5Y40 | Long             | EC               | CORP              | US        |     13149 | NS      | $389341.89    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| 8x8 Inc                                           | 8X8 INC                            | CUSIP: 282914100<br>LEI: 254900XWSOC5U1BRW939 | Long             | EC               | CORP              | US        |    144862 | NS      | $620009.36    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Myers Industries Inc                              | MYERS INDS INC                     | CUSIP: 628464109<br>LEI: 549300I2H9XMVTCW4Q51 | Long             | EC               | CORP              | US        |     18977 | NS      | $442923.18    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Dorian LPG Ltd                                    | DORIAN LPG LTD                     | CUSIP: Y2106R110<br>LEI: 549300WP1W2WGMC7F395 | Long             | EC               | CORP              | US        |     38238 | NS      | $744493.86    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Collegium Pharmaceutical Inc                      | COLLEGIUM PHARMA                   | CUSIP: 19459J104<br>LEI: 54930049FXZMTLW8D496 | Long             | EC               | CORP              | US        |     41228 | NS      | $901656.36    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Rogers Corp                                       | ROGERS CORP                        | CUSIP: 775133101<br>LEI: PW0CN80KNFR7RUOOKJ84 | Long             | EC               | CORP              | US        |     22601 | NS      | $2464413.04   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Innovative Industrial Properties Inc              | INNOVATIVE INDUS                   | CUSIP: 45781V101<br>LEI: 5493008BQ0545EZXRR30 | Long             | EC               | CORP              | US        |     33734 | NS      | $4088898.14   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| John Bean Technologies Corp                       | JOHN BEAN TECH                     | CUSIP: 477839104<br>LEI: 5493007CT6ATBZ2L6826 | Long             | EC               | CORP              | US        |     24591 | NS      | $2258929.26   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Elme Communities                                  | ELME COMMUNITIES                   | CUSIP: 939653101<br>LEI: 549300DI34BGS8LVKW95 | Long             | EC               | CORP              | US        |     46449 | NS      | $917832.24    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Cytokinetics Inc                                  | CYTOKINETICS INC                   | CUSIP: 23282W605<br>LEI: 549300BE5DY1HW7IHA64 | Long             | EC               | CORP              | US        |    113557 | NS      | $4826172.50   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Enerpac Tool Group Corp                           | ENERPAC TOOL GRO                   | CUSIP: 292765104<br>LEI: IZW37BPZKUJE1QXGB081 | Long             | EC               | CORP              | US        |     33689 | NS      | $843572.56    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Prestige Consumer Healthcare Inc                  | PRESTIGE CONSUME                   | CUSIP: 74112D101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     31845 | NS      | $1957193.70   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| HCI Group Inc                                     | HCI GROUP INC                      | CUSIP: 40416E103<br>LEI: 549300CZF7EZJH0MPH74 | Long             | EC               | CORP              | US        |      8558 | NS      | $320240.36    | 0.06%             |  |  |  | No            |                  1 | On Loan: —       |
| National Beverage Corp                            | NATL BEVERAGE                      | CUSIP: 635017106<br>LEI: 549300O9MZIQJI8TGV17 | Long             | EC               | CORP              | US        |     16058 | NS      | $827468.74    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Simply Good Foods Co/The                          | SIMPLY GOOD FOOD                   | CUSIP: 82900L102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    102911 | NS      | $4106148.90   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Redwood Trust Inc                                 | REDWOOD TRUST                      | CUSIP: 758075402<br>LEI: DRBV4N1ERQLEMIF11G78 | Long             | EC               | CORP              | US        |    141023 | NS      | $1114081.70   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Pennant Group Inc/The                             | PENNANT GROUP-WI                   | CUSIP: 70805E109<br>LEI: 5493007H2OYR6BYLDA64 | Long             | EC               | CORP              | US        |     17165 | NS      | $177486.10    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| RPT Realty                                        | RPT REALTY                         | CUSIP: 74971D101<br>LEI: 549300T03GDH1L37S188 | Long             | EC               | CORP              | US        |     52183 | NS      | $584449.60    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Standex International Corp                        | STANDEX INTL CO                    | CUSIP: 854231107<br>LEI: RCX52GR0JW2LRRMH9Z54 | Long             | EC               | CORP              | US        |      6935 | NS      | $728521.75    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| LiveRamp Holdings Inc                             | LIVERAMP HOLDING                   | CUSIP: 53815P108<br>LEI: 254900GXS75LG1X7RF88 | Long             | EC               | CORP              | US        |     81054 | NS      | $1779945.84   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Armada Hoffler Properties Inc                     | ARMADA HOFFLER P                   | CUSIP: 04208T108<br>LEI: 549300WQRSIV6XZT9313 | Long             | EC               | CORP              | US        |     49887 | NS      | $606127.05    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| iRobot Corp                                       | IROBOT CORP                        | CUSIP: 462726100<br>LEI: 5493009PRNKOUKBAT390 | Long             | EC               | CORP              | US        |     18102 | NS      | $942933.18    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| FARO Technologies Inc                             | FARO TECH                          | CUSIP: 311642102<br>LEI: 529900MFEFNOFP3YR823 | Long             | EC               | CORP              | US        |     10620 | NS      | $317750.40    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Hanmi Financial Corp                              | HANMI FINL CORP                    | CUSIP: 410495204<br>LEI: 549300MSZ7RCG7EA6587 | Long             | EC               | CORP              | US        |     20594 | NS      | $557067.70    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Apollo Medical Holdings Inc                       | APOLLO MEDICAL H                   | CUSIP: 03763A207<br>LEI: 5493008O4R82Q4STJ936 | Long             | EC               | CORP              | US        |     47352 | NS      | $1347637.92   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Vericel Corp                                      | VERICEL CORP                       | CUSIP: 92346J108<br>LEI: 54930076YM3PLTDR4B91 | Long             | EC               | CORP              | US        |     56951 | NS      | $1300191.33   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| B Riley Financial Inc                             | B. RILEY FINANCI                   | CUSIP: 05580M108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     19156 | NS      | $841331.52    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Stride Inc                                        | STRIDE INC                         | CUSIP: 86333M108<br>LEI: 254900BRWS3AFONWU277 | Long             | EC               | CORP              | US        |     23462 | NS      | $830789.42    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| HomeStreet Inc                                    | HOMESTREET INC                     | CUSIP: 43785V102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     21327 | NS      | $582227.10    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Omniab Inc/old                                    | OMNIAB INC - 15                    | CUSIP: 68218J301<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7390 | NS      | $0.07         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Supernus Pharmaceuticals Inc                      | SUPERNUS PHARMAC                   | CUSIP: 868459108<br>LEI: 549300GRM36VBKISYJ58 | Long             | EC               | CORP              | US        |     64534 | NS      | $2369688.48   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Banc of California Inc                            | BANC OF CALIFORN                   | CUSIP: 05990K106<br>LEI: 549300ZKWUJDP6LJ1X87 | Long             | EC               | CORP              | US        |     30278 | NS      | $513817.66    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Meritage Homes Corp                               | MERITAGE HOMES C                   | CUSIP: 59001A102<br>LEI: 52990044W9UMFJO2FB97 | Long             | EC               | CORP              | US        |     20758 | NS      | $1793698.78   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Asbury Automotive Group Inc                       | ASBURY AUTO GRP                    | CUSIP: 043436104<br>LEI: 549300JH4DTA7U42GL91 | Long             | EC               | CORP              | US        |     12017 | NS      | $2254629.54   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Liquidity Services Inc                            | LIQUIDITY SERVIC                   | CUSIP: 53635B107<br>LEI: 5299002AZ4ULSAXN0G81 | Long             | EC               | CORP              | US        |     32653 | NS      | $544978.57    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| CONMED Corp                                       | CONMED CORP                        | CUSIP: 207410101<br>LEI: Z6C0YCECH9DCU5ZIQW84 | Long             | EC               | CORP              | US        |     23531 | NS      | $1949543.35   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Seacoast Banking Corp of Florida                  | SEACOAST BANK/FL                   | CUSIP: 811707801<br>LEI: 549300V6IC06XYQYPG88 | Long             | EC               | CORP              | US        |     38439 | NS      | $1321532.82   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| TTEC Holdings Inc                                 | TTEC HOLDINGS IN                   | CUSIP: 89854H102<br>LEI: GTJS1N8S8I28A7L4WG97 | Long             | EC               | CORP              | US        |     22820 | NS      | $1094219.00   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Glaukos Corp                                      | GLAUKOS CORP                       | CUSIP: 377322102<br>LEI: 5299004JA1LHE21M6T14 | Long             | EC               | CORP              | US        |     29878 | NS      | $1391418.46   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Flagstar Bancorp Inc                              | FLAGSTAR BANCORP                   | CUSIP: 337930705<br>LEI: 549300Q22V2Y3J4R2715 | Long             | EC               | CORP              | US        |     64319 | NS      | $2414535.26   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| AMN Healthcare Services Inc                       | AMN HEALTHCARE                     | CUSIP: 001744101<br>LEI: 529900W3ARRTCNFH2I39 | Long             | EC               | CORP              | US        |     52205 | NS      | $6457758.50   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Jack in the Box Inc                               | JACK IN THE BOX                    | CUSIP: 466367109<br>LEI: 5493002OJW26P0SUUP68 | Long             | EC               | CORP              | US        |     17493 | NS      | $1264743.90   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Cohu Inc                                          | COHU INC                           | CUSIP: 192576106<br>LEI: 529900FJPORJ3JJ2XS33 | Long             | EC               | CORP              | US        |     33795 | NS      | $1210536.90   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Buckle Inc/The                                    | THE BUCKLE INC                     | CUSIP: 118440106<br>LEI: 5299007IU0461T3GDL34 | Long             | EC               | CORP              | US        |     35581 | NS      | $1563784.95   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Alarm.com Holdings Inc                            | ALARM.COM HOLDIN                   | CUSIP: 011642105<br>LEI: 549300HIH92U1EKIHZ32 | Long             | EC               | CORP              | US        |     59995 | NS      | $2993750.50   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Franklin Electric Co Inc                          | FRANKLIN ELEC CO                   | CUSIP: 353514102<br>LEI: RR6AURIKMXUE4Q24G284 | Long             | EC               | CORP              | US        |     31418 | NS      | $2617119.40   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Hawkins Inc                                       | HAWKINS INC                        | CUSIP: 420261109<br>LEI: 549300VL3IJ23OWX1Y34 | Long             | EC               | CORP              | US        |     12317 | NS      | $512387.20    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| WD-40 Co                                          | WD-40 CO                           | CUSIP: 929236107<br>LEI: 549300UZHTN0CNKBOB19 | Long             | EC               | CORP              | US        |      9541 | NS      | $1598117.50   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Sun Country Airlines Holdings Inc                 | SUN COUNTRY HOLD                   | CUSIP: 866683105<br>LEI: 549300MOHOJN9GH0NJ48 | Long             | EC               | CORP              | US        |     23678 | NS      | $478295.60    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Harmonic Inc                                      | HARMONIC INC                       | CUSIP: 413160102<br>LEI: 549300LRGRD8XC9BTL66 | Long             | EC               | CORP              | US        |    126801 | NS      | $1945127.34   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| EW Scripps Co/The                                 | EW SCRIPPS-A                       | CUSIP: 811054402<br>LEI: 549300U1OW41QPKYW028 | Long             | EC               | CORP              | US        |     31988 | NS      | $479180.24    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| MGP Ingredients Inc                               | MGP INGREDIENTS                    | CUSIP: 55303J106<br>LEI: 2549006OMHFVZ4MS8538 | Long             | EC               | CORP              | US        |     18577 | NS      | $2323239.62   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Fabrinet                                          | FABRINET                           | CUSIP: G3323L100<br>LEI: 5493004TETZ6IYF7CV44 | Long             | EC               | CORP              | US        |     44375 | NS      | $5920068.75   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Knowles Corp                                      | KNOWLES CORP                       | CUSIP: 49926D109<br>LEI: 5493003EO323TDZQU148 | Long             | EC               | CORP              | US        |     44304 | NS      | $691142.40    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Genesco Inc                                       | GENESCO INC                        | CUSIP: 371532102<br>LEI: 549300VY2Q511P1K5P56 | Long             | EC               | CORP              | US        |      7581 | NS      | $395728.20    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| ServisFirst Bancshares Inc                        | SERVISFIRST BANC                   | CUSIP: 81768T108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     58982 | NS      | $4472015.24   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Extreme Networks Inc                              | EXTREME NETWORKS                   | CUSIP: 30226D106<br>LEI: 549300WRECW11X94UB57 | Long             | EC               | CORP              | US        |    155915 | NS      | $3269537.55   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| SPX Technologies Inc                              | SPX TECHNOLOGIES                   | CUSIP: 78473E103<br>LEI: P761FCI0CPOG24I8JE10 | Long             | EC               | CORP              | US        |     22932 | NS      | $1534150.80   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Digital Turbine Inc                               | DIGITAL TURBINE                    | CUSIP: 25400W102<br>LEI: 549300D0WZR1VI2QGB24 | Long             | EC               | CORP              | US        |    108553 | NS      | $1982177.78   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| American Assets Trust Inc                         | AMERICAN ASSETS                    | CUSIP: 024013104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     27042 | NS      | $792060.18    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Gogo Inc                                          | GOGO INC                           | CUSIP: 38046C109<br>LEI: 549300VL3DIHSFHYTO04 | Long             | EC               | CORP              | US        |     38770 | NS      | $608301.30    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Piper Sandler Cos                                 | PIPER SANDLER CO                   | CUSIP: 724078100<br>LEI: QUQDBTUSOAKFEVMRMF78 | Long             | EC               | CORP              | US        |     16533 | NS      | $2375130.78   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Encore Wire Corp                                  | ENCORE WIRE                        | CUSIP: 292562105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     23075 | NS      | $3371488.25   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Corcept Therapeutics Inc                          | CORCEPT THERA                      | CUSIP: 218352102<br>LEI: 529900EO9LUTFMZ7FF90 | Long             | EC               | CORP              | US        |     70144 | NS      | $1773240.32   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Steven Madden Ltd                                 | STEVEN MADDEN                      | CUSIP: 556269108<br>LEI: 549300Z9GZ7GYJWSGF43 | Long             | EC               | CORP              | US        |     60044 | NS      | $2073919.76   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Essential Properties Realty Trust Inc             | ESSENTIAL PROPER                   | CUSIP: 29670E107<br>LEI: 2549009LXQLVYCGLZO50 | Long             | EC               | CORP              | US        |     88545 | NS      | $2055129.45   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| First Bancorp/Southern Pines NC                   | FIRST BANCORP/NC                   | CUSIP: 318910106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     21556 | NS      | $1048268.28   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Avid Technology Inc                               | AVID TECHNOLOGY                    | CUSIP: 05367P100<br>LEI: 549300PQGW3DXKJTQ914 | Long             | EC               | CORP              | US        |     32372 | NS      | $909005.76    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Pacira BioSciences Inc                            | PACIRA BIOSCIENC                   | CUSIP: 695127100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     33740 | NS      | $1627955.00   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| InterDigital Inc                                  | INTERDIGITAL INC                   | CUSIP: 45867G101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     18631 | NS      | $934717.27    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| HealthStream Inc                                  | HEALTHSTREAM INC                   | CUSIP: 42222N103<br>LEI: 529900OJ88H8635JNH64 | Long             | EC               | CORP              | US        |     15796 | NS      | $401218.40    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Agree Realty Corp                                 | AGREE REALTY                       | CUSIP: 008492100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     43298 | NS      | $3028695.10   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Gentherm Inc                                      | GENTHERM INC                       | CUSIP: 37253A103<br>LEI: HKM6YX1U5JS60TCUB219 | Long             | EC               | CORP              | US        |     39997 | NS      | $2863385.23   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Veritex Holdings Inc                              | VERITEX HOLDINGS                   | CUSIP: 923451108<br>LEI: 549300F3SMOML02SC814 | Long             | EC               | CORP              | US        |     65125 | NS      | $2126982.50   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Cars.com Inc                                      | CARS.COM INC                       | CUSIP: 14575E105<br>LEI: 5493002G6J07LNGX4M98 | Long             | EC               | CORP              | US        |     37219 | NS      | $550096.82    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Medifast Inc                                      | MEDIFAST INC                       | CUSIP: 58470H101<br>LEI: 5299000YHQJ21T5KKI80 | Long             | EC               | CORP              | US        |     13299 | NS      | $1676338.95   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Ultra Clean Holdings Inc                          | ULTRA CLEAN HOLD                   | CUSIP: 90385V107<br>LEI: 5493007L6LS7QX18PE75 | Long             | EC               | CORP              | US        |     54814 | NS      | $1953022.82   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| J & J Snack Foods Corp                            | J & J SNACK FOOD                   | CUSIP: 466032109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7956 | NS      | $1304943.12   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| AdvanSix Inc                                      | ADVANSIX INC                       | CUSIP: 00773T101<br>LEI: 5493009TPRODMCAZLF67 | Long             | EC               | CORP              | US        |     18266 | NS      | $751828.56    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Tennant Co                                        | TENNANT CO                         | CUSIP: 880345103<br>LEI: JYAIRLT8DVP6DP8UT336 | Long             | EC               | CORP              | US        |      9658 | NS      | $613572.74    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| PDF Solutions Inc                                 | PDF SOLUTIONS                      | CUSIP: 693282105<br>LEI: 549300GMSP6MROFBI160 | Long             | EC               | CORP              | US        |     22412 | NS      | $703064.44    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Ichor Holdings Ltd                                | ICHOR HOLDINGS L                   | CUSIP: G4740B105<br>LEI: 529900PS8R2JVLJ2H892 | Long             | EC               | CORP              | US        |     19767 | NS      | $588661.26    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Agilysys Inc                                      | AGILYSYS INC                       | CUSIP: 00847J105<br>LEI: 5299001XWB5V3B5IPN93 | Long             | EC               | CORP              | US        |     15046 | NS      | $999054.40    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Energy Industries Inc                    | ADV ENERGY INDS                    | CUSIP: 007973100<br>LEI: 549300756XI3QLFT2U27 | Long             | EC               | CORP              | US        |     45048 | NS      | $4173246.72   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| OFG Bancorp                                       | OFG BANCORP                        | CUSIP: 67103X102<br>LEI: 549300Q4QEXJ37LEXQ06 | Long             | EC               | CORP              | US        |     28740 | NS      | $832597.80    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Ironwood Pharmaceuticals Inc                      | IRONWOOD PHARMAC                   | CUSIP: 46333X108<br>LEI: 549300PC8MR6QHH6P296 | Long             | EC               | CORP              | US        |    120828 | NS      | $1463227.08   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Cross Country Healthcare Inc                      | CROSS COUNTRY HE                   | CUSIP: 227483104<br>LEI: 54930037L0NBIPZ5S663 | Long             | EC               | CORP              | US        |     43841 | NS      | $1568630.98   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Haynes International Inc                          | HAYNES INTL INC                    | CUSIP: 420877201<br>LEI: 549300I9MS5UZLRFDO40 | Long             | EC               | CORP              | US        |      8602 | NS      | $429755.92    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| EVERTEC Inc                                       | EVERTEC INC                        | CUSIP: 30040P103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     53336 | NS      | $1801156.72   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| iTeos Therapeutics Inc                            | ITEOS THERAPEUTI                   | CUSIP: 46565G104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     29629 | NS      | $597024.35    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Gannett Media Corp                                | GANNETT CO INC                     | CUSIP: 36472T109<br>LEI: 549300S74UKH4O12NI89 | Long             | EC               | CORP              | US        |     66055 | NS      | $165137.50    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Onto Innovation Inc                               | ONTO INNOVATION                    | CUSIP: 683344105<br>LEI: 254900RXZVN73CHOO062 | Long             | EC               | CORP              | US        |     59928 | NS      | $4791243.60   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Exponent Inc                                      | EXPONENT INC                       | CUSIP: 30214U102<br>LEI: 529900NY3F5Q2NWPUZ42 | Long             | EC               | CORP              | US        |     61670 | NS      | $6377294.70   | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Middlesex Water Co                                | MIDDLESEX WATER                    | CUSIP: 596680108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     14674 | NS      | $1371285.30   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| SM Energy Co                                      | SM ENERGY CO                       | CUSIP: 78454L100<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | EC               | CORP              | US        |    147905 | NS      | $6376184.55   | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Trinity Industries Inc                            | TRINITY INDUSTRI                   | CUSIP: 896522109<br>LEI: R1JB4KXN77XFCXOQKV49 | Long             | EC               | CORP              | US        |     49523 | NS      | $1516889.49   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| LeMaitre Vascular Inc                             | LEMAITRE VASCULA                   | CUSIP: 525558201<br>LEI: 549300FZUBUB7MHY8R17 | Long             | EC               | CORP              | US        |     23252 | NS      | $1089356.20   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| BancFirst Corp                                    | BANCFIRST CORP                     | CUSIP: 05945F103<br>LEI: 549300EJEHGBP4IO2J30 | Long             | EC               | CORP              | US        |     11130 | NS      | $1134592.20   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Progenics Pharmaceuticals Inc                     | PROGENICS PHARMACEUTICALS CVR 2020 | CUSIP: N/A<br>LEI: 5299005B0KKBVJ0B2156       | Long             | EC               | CORP              | US        |     35713 | NS      | $0.36         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Park Aerospace Corp                               | PARK AEROSPACE C                   | CUSIP: 70014A104<br>LEI: 5299004AG0G7IB636095 | Long             | EC               | CORP              | US        |     10478 | NS      | $138623.94    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Urstadt Biddle Properties Inc                     | URSTADT BIDDLE-A                   | CUSIP: 917286205<br>LEI: 549300XXD0YL0AER3Z82 | Long             | EC               | CORP              | US        |     19731 | NS      | $377454.03    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Vir Biotechnology Inc                             | VIR BIOTECHNOLOG                   | CUSIP: 92764N102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     91197 | NS      | $2573579.34   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Interface Inc                                     | INTERFACE INC                      | CUSIP: 458665304<br>LEI: 549300VXZWQOIDFPU355 | Long             | EC               | CORP              | US        |     32001 | NS      | $346570.83    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Cmt Funds-Vanguard Market Liquidity Fund | Vanguard Market Liquidity Fund     | CUSIP: N/A<br>LEI: 1I6HV0TLSTR3A4XQ6L78       | Long             | STIV             | CORP              | US        |     25737 | NS      | $2573398.67   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Merit Medical Systems Inc                         | MERIT MEDICAL                      | CUSIP: 589889104<br>LEI: 549300OYTY138SP2CE83 | Long             | EC               | CORP              | US        |     39014 | NS      | $2809008.00   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Joint Corp/The                                    | JOINT CORP/THE                     | CUSIP: 47973J102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     17527 | NS      | $261327.57    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Brookline Bancorp Inc                             | BROOKLINE BANCRP                   | CUSIP: 11373M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     40725 | NS      | $579109.50    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Matson Inc                                        | MATSON INC                         | CUSIP: 57686G105<br>LEI: 549300OI5H3Y0I9I4I12 | Long             | EC               | CORP              | US        |     47030 | NS      | $2998632.80   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| REGENXBIO Inc                                     | REGENXBIO INC                      | CUSIP: 75901B107<br>LEI: 549300EOES47LATSET33 | Long             | EC               | CORP              | US        |     20416 | NS      | $487942.40    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Perficient Inc                                    | PERFICIENT INC                     | CUSIP: 71375U101<br>LEI: 549300HTBXKL2755T650 | Long             | EC               | CORP              | US        |     41722 | NS      | $2964348.10   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Tanger Factory Outlet Centers Inc                 | TANGER FACTORY                     | CUSIP: 875465106<br>LEI: UKEW8YSXE4Y581KYOL30 | Long             | EC               | CORP              | US        |    125845 | NS      | $2447685.25   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Eagle Pharmaceuticals Inc/DE                      | EAGLE PHARMACEUT                   | CUSIP: 269796108<br>LEI: 549300TN20OLYTJVP152 | Long             | EC               | CORP              | US        |      6243 | NS      | $226745.76    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Fulgent Genetics Inc                              | FULGENT GENETICS                   | CUSIP: 359664109<br>LEI: 549300CL6P01M68QJ404 | Long             | EC               | CORP              | US        |     24500 | NS      | $888615.00    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Winnebago Industries Inc                          | WINNEBAGO INDS                     | CUSIP: 974637100<br>LEI: 549300B7OYKYJLTE3G11 | Long             | EC               | CORP              | US        |     19486 | NS      | $1141684.74   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Eagle Bancorp Inc                                 | EAGLE BANCRP INC                   | CUSIP: 268948106<br>LEI: 549300B47NZODRMG3D47 | Long             | EC               | CORP              | US        |     22773 | NS      | $1073974.68   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| MaxLinear Inc                                     | MAXLINEAR                          | CUSIP: 57776J100<br>LEI: 549300EMOI0SM2IY4F64 | Long             | EC               | CORP              | US        |     86908 | NS      | $3180832.80   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Mister Car Wash Inc                               | MISTER CAR WASH                    | CUSIP: 60646V105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     43675 | NS      | $447232.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: —       |
| Corsair Gaming Inc                                | CORSAIR GAMING I                   | CUSIP: 22041X102<br>LEI: 549300Y7YT18L8G0H525 | Long             | EC               | CORP              | US        |     17954 | NS      | $302883.98    | 0.06%             |  |  |  | No            |                  1 | On Loan: —       |
| Shutterstock Inc                                  | SHUTTERSTOCK INC                   | CUSIP: 825690100<br>LEI: 529900G2TDIS56V0LO22 | Long             | EC               | CORP              | US        |     29096 | NS      | $1565946.72   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Boot Barn Holdings Inc                            | BOOT BARN HOLDIN                   | CUSIP: 099406100<br>LEI: 529900QE1BFMYA3N4E71 | Long             | EC               | CORP              | US        |     35964 | NS      | $2422175.40   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| City Holding Co                                   | CITY HOLDING CO                    | CUSIP: 177835105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8616 | NS      | $878142.72    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Dynavax Technologies Corp                         | DYNAVAX TECHNOLO                   | CUSIP: 268158201<br>LEI: 549300T5URIXWDILX594 | Long             | EC               | CORP              | US        |    141965 | NS      | $1761785.65   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| National Vision Holdings Inc                      | NATIONAL VISION                    | CUSIP: 63845R107<br>LEI: 549300JHURCBLI5ROA42 | Long             | EC               | CORP              | US        |     42860 | NS      | $1734115.60   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| SPS Commerce Inc                                  | SPS COMMERCE INC                   | CUSIP: 78463M107<br>LEI: 2549006XVF9GCCETDQ72 | Long             | EC               | CORP              | US        |     43447 | NS      | $6180770.22   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Viavi Solutions Inc                               | VIAVI SOLUTIONS                    | CUSIP: 925550105<br>LEI: 5493006K3E3N1QOBF092 | Long             | EC               | CORP              | US        |    170350 | NS      | $1930065.50   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-27

**Name of Applicant:** VANGUARD ADMIRAL FUNDS

**Signature:** Ashley Grim

**Name of Signer:** Ashley Grim

**Title:** Treasurer