# EDGAR Filing Document

**Accession Number:** 0000357204
**File Stem:** 0001752724-23-041981
**Filing Date:** 2023-2
**Character Count:** 32152
**Document Hash:** 96f02cabb7ff96414590c47975d2867f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-041981.hdr.sgml**: 20230227

**ACCESSION NUMBER**: 0001752724-23-041981

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230227

**DATE AS OF CHANGE**: 20230227

**PERIOD START**: 20221231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Segall Bryant & Hamill Trust
- **CENTRAL INDEX KEY:** 0000357204
- **IRS NUMBER:** 510263765
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-03373
- **FILM NUMBER:** 23672248

**BUSINESS ADDRESS:**
- **STREET 1:** C/O ULTIMUS FUND SOLUTIONS, LLC
- **STREET 2:** 225 PICTORIA DRIVE, SUITE 450
- **CITY:** CINCINNATI
- **STATE:** OH
- **ZIP:** 45246
- **BUSINESS PHONE:** 303-623-2577

**MAIL ADDRESS:**
- **STREET 1:** C/O ULTIMUS FUND SOLUTIONS, LLC
- **STREET 2:** 225 PICTORIA DRIVE, SUITE 450
- **CITY:** CINCINNATI
- **STATE:** OH
- **ZIP:** 45246

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** WESTCORE TRUST
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** WESTCORE FUNDS INC
- **DATE OF NAME CHANGE:** 19860506

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SUNMONT WEST FUND INC
- **DATE OF NAME CHANGE:** 19820520

## Series and Classes Contracts Data

### Segall Bryant & Hamill Small Cap Value Fund (Series ID: S000065432)

| Class ID   | Class Name                                                      | Ticker Symbol   |
|:---|:---|:---|
| C000211587 | Segall Bryant & Hamill Small Cap Value Fund-Institutional Class | SBHVX           |
| C000211588 | Segall Bryant & Hamill Small Cap Value Fund-Retail Class        | SBRVX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Segall Bryant & Hamill Trust

- **b. Investment Company Act file number:** 811-03373

- **c. CIK number of Registrant:** 0000357204

- **d. LEI of Registrant:** 549300D12PXTPNG46V56

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

  - **Street Address 1:** 225 Pictoria Drive

  - **City:** Cincinnati

  - **State:** OH

  - **Foreign country:** US

  - **Zip / Postal Code:** 45246

  - **Telephone number:** 513-587-3400

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

- **a. Name of Series:** SBH SMALL CAP VALUE FUND

- **b. EDGAR series identifier (if any):** S000065432

- **c. LEI of Series:** 549300LZPGQ2515FIJ21

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

- **a. Date of fiscal year-end:** 2022-12-31

- **b. Date as of which information is reported:** 2022-12-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $589750489.95

**Total Liabilities:** $534966.28

**Net Assets:** $589215523.67

**Cash Not Reported:** $43584501.45

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000211588 | 10.29%               | 5.98%                | -4.88%               |
| Class ID C000211587 | 10.36%               | 5.97%                | -4.84%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-13336560.00            | $68909335.28                               |
| Month 2  | $-1166063.76             | $37087425.82                               |
| Month 3  | $-1962394.08             | $-29356941.54                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Pacific Premier Bancorp Inc                  | Pacific Premier Bancorp, Inc.             | CUSIP: 69478X105<br>LEI: 549300Q1KIC3KLI0XG98 | Long             | EC               | CORP              | US        |    177647 | NS      | $5606539.32   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Umpqua Holdings Co                           | Umpqua Holdings Corporation               | CUSIP: 904214103<br>LEI: 5299002ENJ7CY215BW86 | Long             | EC               | CORP              | US        |    318364 | NS      | $5682797.40   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Carters Incorporation                        | Carter's, Inc.                            | CUSIP: 146229109<br>LEI: 5299003WAQK4R3L3ZU36 | Long             | EC               | CORP              | US        |     59142 | NS      | $4412584.62   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| The Hain Celestial Group Inc                 | Hain Celestial Group, Inc. (The)          | CUSIP: 405217100<br>LEI: 5493000S8QXWHLIXDP75 | Long             | EC               | CORP              | US        |    658039 | NS      | $10647071.02  | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Empire State Realty Trust Inc                | Empire State Realty Trust, Inc.           | CUSIP: 292104106<br>LEI: 549300VOKY1DUEQSB456 | Long             | EC               | CORP              | US        |    348165 | NS      | $2346632.10   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| SouthState Corporation                       | South State Corporation                   | CUSIP: 840441109<br>LEI: 549300JZUANXM0YQ4W53 | Long             | EC               | CORP              | US        |     89714 | NS      | $6850561.04   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Regal Rexnord Corporation                    | Regal Rexnord Corporation                 | CUSIP: 758750103<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | EC               | CORP              | US        |    124856 | NS      | $14980222.88  | 2.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Allete Inc                                   | ALLETE, Inc.                              | CUSIP: 018522300<br>LEI: 549300NNLSIMY6Z8OT86 | Long             | EC               | CORP              | US        |    125094 | NS      | $8069813.94   | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| PDC Energy, Inc.                             | PDC Energy, Inc.                          | CUSIP: 69327R101<br>LEI: 5493008W8H2T511J5Y59 | Long             | EC               | CORP              | US        |     71702 | NS      | $4551642.96   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Equity Commonwealth                          | Equity Commonwealth REIT                  | CUSIP: 294628102<br>LEI: 549300YPGVU9PR4L0606 | Long             | EC               | CORP              | US        |   1056377 | NS      | $26377733.69  | 4.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Avista Corporation                           | Avista Corporation                        | CUSIP: 05379B107<br>LEI: Q0IK63NITJD6RJ47SW96 | Long             | EC               | CORP              | US        |     99516 | NS      | $4412539.44   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Element Solutions Inc                        | Element Solutions, Inc.                   | CUSIP: 28618M106<br>LEI: 549300FLGN6P5CU20J91 | Long             | EC               | CORP              | US        |    307723 | NS      | $5597481.37   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Surmodics Inc                                | SURMODICS, INC.                           | CUSIP: 868873100<br>LEI: 549300H76KXCAAGUS878 | Long             | EC               | CORP              | US        |     92506 | NS      | $3156304.72   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Quotient Technology Inc                      | Quotient Technology, Inc.                 | CUSIP: 749119103<br>LEI: 5493005ZZT58VQ9RKP56 | Long             | EC               | CORP              | US        |    664854 | NS      | $2280449.22   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Papa John's International Inc.               | Papa John's International, Inc.           | CUSIP: 698813102<br>LEI: HZYLD3DK5XOX0WBVNB56 | Long             | EC               | CORP              | US        |     19288 | NS      | $1587595.28   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| SPX Technologies, Inc.                       | SPX Technologies, Inc.                    | CUSIP: 78473E103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    215419 | NS      | $14142257.35  | 2.40%             |  |  |  | No            |                  1 | On Loan: No      |
| ICU Medical Inc                              | ICU Medical, Inc.                         | CUSIP: 44930G107<br>LEI: 5493003NRW7LS2QZRH60 | Long             | EC               | CORP              | US        |     93506 | NS      | $14725324.88  | 2.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Dril Quip Inc                                | Dril-Quip, Inc.                           | CUSIP: 262037104<br>LEI: 5299007REICYIJNMW197 | Long             | EC               | CORP              | US        |    213987 | NS      | $5814026.79   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Hancock Whitney Corporation                  | Hancock Whitney Corp                      | CUSIP: 410120109<br>LEI: 549300GRNBWY8HIICT41 | Long             | EC               | CORP              | US        |    141143 | NS      | $6829909.77   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| PVH Corporation                              | PVH Corporation                           | CUSIP: 693656100<br>LEI: 123WALMHY1GZXG2YDL90 | Long             | EC               | CORP              | US        |     55354 | NS      | $3907438.86   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Conduent Inc                                 | Conduent, Inc.                            | CUSIP: 206787103<br>LEI: 549300SFJ2D2CYY6CQ11 | Long             | EC               | CORP              | US        |   1072450 | NS      | $4343422.50   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Lakeland Financial Corp.                     | Lakeland Financial Corporation            | CUSIP: 511656100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     38157 | NS      | $2784316.29   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Cousins Properties Incorporated              | Cousins Properties, Inc. REIT             | CUSIP: 222795502<br>LEI: 5493007XPYD5EJABN062 | Long             | EC               | CORP              | US        |    153886 | NS      | $3891776.94   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Angiodynamics Inc                            | AngioDynamics, Inc.                       | CUSIP: 03475V101<br>LEI: 549300W3VKC5ZKMO8C28 | Long             | EC               | CORP              | US        |    130405 | NS      | $1795676.85   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| TreeHouse Foods, Inc.                        | TreeHouse Foods, Inc.                     | CUSIP: 89469A104<br>LEI: 5493007M7EVHE470Q576 | Long             | EC               | CORP              | US        |     41931 | NS      | $2070552.78   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Madden(Steven)Ltd.                           | Steven Madden Ltd.                        | CUSIP: 556269108<br>LEI: 549300Z9GZ7GYJWSGF43 | Long             | EC               | CORP              | US        |     89139 | NS      | $2848882.44   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Progress Software Corp.                      | Progress Software Corporation             | CUSIP: 743312100<br>LEI: 549300R65B3JG6972S24 | Long             | EC               | CORP              | US        |    422942 | NS      | $21337423.90  | 3.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Harley-Davidson, Inc.                        | Harley-Davidson, Inc.                     | CUSIP: 412822108<br>LEI: ZDNAWZWXIKMWI51R2A08 | Long             | EC               | CORP              | US        |     66806 | NS      | $2779129.60   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| SP Plus Corp.                                | SP Plus Corporation                       | CUSIP: 78469C103<br>LEI: 0IDE18EMH1CUKQCUYE69 | Long             | EC               | CORP              | US        |    336565 | NS      | $11685536.80  | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Beacon Roofing Supply, Inc.                  | Beacon Roofing Supply, Inc.               | CUSIP: 073685109<br>LEI: 549300HDXQWWCBOYXP31 | Long             | EC               | CORP              | US        |       580 | NS      | $30618.20     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Astec Industries                             | Astec Industries, Inc.                    | CUSIP: 046224101<br>LEI: 5493002DO2QKHLKB2A48 | Long             | EC               | CORP              | US        |    154464 | NS      | $6280506.24   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| CSG Systems International Inc.               | CSG Systems International, Inc.           | CUSIP: 126349109<br>LEI: 549300D7FJZUOHHXUA81 | Long             | EC               | CORP              | US        |     40806 | NS      | $2334103.20   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Physicians Realty Trust                      | Physicians Realty Trust REIT              | CUSIP: 71943U104<br>LEI: 549300ITOVH0OY7PZC34 | Long             | EC               | CORP              | US        |    279399 | NS      | $4042903.53   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Glacier Bancorp Inc.                         | Glacier Bancorp, Inc.                     | CUSIP: 37637Q105<br>LEI: 549300SMJAUKZB5D7V74 | Long             | EC               | CORP              | US        |    153746 | NS      | $7598127.32   | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Silgan Holdings Inc.                         | Silgan Holdings, Inc.                     | CUSIP: 827048109<br>LEI: KAF673KJXD92C8KSLU49 | Long             | EC               | CORP              | US        |    158024 | NS      | $8191964.16   | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Sensient Technologies Corp                   | Sensient Technologies Corporation         | CUSIP: 81725T100<br>LEI: CMMZHMFZQG86EI7WZU92 | Long             | EC               | CORP              | US        |     46160 | NS      | $3365987.20   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| United Community Banks Inc                   | United Community Banks, Inc.              | CUSIP: 90984P303<br>LEI: 549300GVW0FV66X3U703 | Long             | EC               | CORP              | US        |    245510 | NS      | $8298238.00   | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| CIRCOR International Inc.                    | CIRCOR International, Inc.                | CUSIP: 17273K109<br>LEI: 5493007701O01N3FQM69 | Long             | EC               | CORP              | US        |    304837 | NS      | $7303894.52   | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| FARO Technologies Inc.                       | FARO Technologies, Inc.                   | CUSIP: 311642102<br>LEI: 529900MFEFNOFP3YR823 | Long             | EC               | CORP              | US        |    205813 | NS      | $6052960.33   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| EnerSys                                      | EnerSys                                   | CUSIP: 29275Y102<br>LEI: 7ZS3DE5PN30BYUJFWP05 | Long             | EC               | CORP              | US        |    127303 | NS      | $9400053.52   | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Enterprise Financial Services Corp.          | Enterprise Financial Services Corporation | CUSIP: 293712105<br>LEI: 5493001XTU5DLD632129 | Long             | EC               | CORP              | US        |    115310 | NS      | $5645577.60   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Green Dot Corp                               | Green Dot Corporation Class A             | CUSIP: 39304D102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    163251 | NS      | $2582630.82   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Community Bank System Inc                    | Community Bank System, Inc.               | CUSIP: 203607106<br>LEI: 5299008N6YHE6GCP1E80 | Long             | EC               | CORP              | US        |     82646 | NS      | $5202565.70   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Diamondback Energy Inc                       | Diamondback Energy, Inc.                  | CUSIP: 25278X109<br>LEI: 549300R22LSX6OHWEN64 | Long             | EC               | CORP              | US        |    393372 | NS      | $534985.92    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Neogenomics Inc                              | Neogenomics, Inc.                         | CUSIP: 64049M209<br>LEI: 549300KN62PPGHBVXB46 | Long             | EC               | CORP              | US        |    299445 | NS      | $2766871.80   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| American Eagle Outfitters Inc.               | American Eagle Outfitters, Inc.           | CUSIP: 02553E106<br>LEI: 5299001Z9HXK01DHW793 | Long             | EC               | CORP              | US        |    248245 | NS      | $3465500.20   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Range Resources Corp.                        | Range Resources Corporation               | CUSIP: 75281A109<br>LEI: H3Y3WLYCX0BTO1TRW162 | Long             | EC               | CORP              | US        |    215522 | NS      | $5392360.44   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Seacoast Banking Corporation Of Florida      | Seacoast Banking Corporation of Florida   | CUSIP: 811707801<br>LEI: 549300V6IC06XYQYPG88 | Long             | EC               | CORP              | US        |    270175 | NS      | $8426758.25   | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Helmerich & Payne Inc                        | Helmerich & Payne, Inc.                   | CUSIP: 423452101<br>LEI: 254900NAOGHJ88RZ4C73 | Long             | EC               | CORP              | US        |    138931 | NS      | $6886809.67   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| BioCryst Pharmaceuticals  Inc.               | BIOCRYST PHARMACEUTICALS, INC.            | CUSIP: 09058V103<br>LEI: 549300Z0INP1Z5NP6J59 | Long             | EC               | CORP              | US        |    459003 | NS      | $5269354.44   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Quanex Building Products Corp.               | Quanex Building Products Corporation      | CUSIP: 747619104<br>LEI: 5493000TL30VL5WOAW87 | Long             | EC               | CORP              | US        |    287226 | NS      | $6801511.68   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Modine Manufacturing Co.                     | MODINE MANUFACTURING COMPANY              | CUSIP: 607828100<br>LEI: Z35SZFYJR8GZZRSIUU09 | Long             | EC               | CORP              | US        |    387580 | NS      | $7697338.80   | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Schnitzer Steel Industries Inc.              | Schnitzer Steel Industries, Inc. Class A  | CUSIP: 806882106<br>LEI: 549300F62TK8VRDSM285 | Long             | EC               | CORP              | US        |     43608 | NS      | $1336585.20   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| NCR Corporation                              | NCR Corporation                           | CUSIP: 62886E108<br>LEI: 549300YKTY8JX1DV2R67 | Long             | EC               | CORP              | US        |    169548 | NS      | $3969118.68   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Alamos Gold Inc.                             | Alamos Gold, Inc. CLASS A                 | CUSIP: 011532108<br>LEI: 549300TDOX73YGYXE959 | Long             | EC               | CORP              | CA        |    854170 | NS      | $8635658.70   | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Gildan Activewear Inc.                       | Gildan Activewear, Inc.                   | CUSIP: 375916103<br>LEI: 549300SB3IBI34M00Z45 | Long             | EC               | CORP              | CA        |    170658 | NS      | $4676029.20   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| National Bank Holdings Corp                  | National Bank Holdings Corporation        | CUSIP: 633707104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    219518 | NS      | $9235122.26   | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Ollies Bargain Outlet Holdings Incorporation | Ollie's Bargain Outlet Holdings, Inc.     | CUSIP: 681116109<br>LEI: 529900YO5DSQCPEFDZ05 | Long             | EC               | CORP              | US        |    153641 | NS      | $7196544.44   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Mercury Systems Inc                          | Mercury Systems, Inc.                     | CUSIP: 589378108<br>LEI: 549300P3B84SGK7HH679 | Long             | EC               | CORP              | US        |    176325 | NS      | $7888780.50   | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| PNM Resources Inc.                           | PNM Resources, Inc.                       | CUSIP: 69349H107<br>LEI: 5493003JOBJGLZSDDQ28 | Long             | EC               | CORP              | US        |    176529 | NS      | $8612849.91   | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Columbus McKinnon Corp.                      | Columbus McKinnon Corporation             | CUSIP: 199333105<br>LEI: 549300W3HQB0HO1F3G69 | Long             | EC               | CORP              | US        |    106924 | NS      | $3471822.28   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| OGE Energy Corporation                       | OGE Energy Corporation                    | CUSIP: 670837103<br>LEI: CE5OG6JPOZMDSA0LAQ19 | Long             | EC               | CORP              | US        |    187990 | NS      | $7435004.50   | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Summit Materials Inc                         | Summit Materials, Inc. Class A            | CUSIP: 86614U100<br>LEI: 549300XNOLX5GIOSO108 | Long             | EC               | CORP              | US        |    210659 | NS      | $5980609.01   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| ImmunoGen, Inc.                              | ImmunoGen, Inc.                           | CUSIP: 45253H101<br>LEI: 54930084U0R1OP766Y02 | Long             | EC               | CORP              | US        |    635200 | NS      | $3150592.00   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Onespan Inc                                  | OneSpan, Inc.                             | CUSIP: 68287N100<br>LEI: 549300D67QDZG593UX89 | Long             | EC               | CORP              | US        |     72261 | NS      | $808600.59    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Rev Group Inc                                | REV GROUP, INC.                           | CUSIP: 749527107<br>LEI: 549300SRD0SIG5ZZ3X20 | Long             | EC               | CORP              | US        |    647745 | NS      | $8174541.90   | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Alkermes PLC                                 | Alkermes plc                              | CUSIP: G01767105<br>LEI: N/A                  | Long             | EC               | CORP              | IE        |    142399 | NS      | $3720885.87   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| AAR Corp.                                    | AAR Corporation                           | CUSIP: 000361105<br>LEI: MP76T5YQX3YK5VVAQ802 | Long             | EC               | CORP              | US        |    147177 | NS      | $6608247.30   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Apogee Enterprises                           | Apogee Enterprises, Inc.                  | CUSIP: 037598109<br>LEI: 549300579S7QW8V4IJ60 | Long             | EC               | CORP              | US        |    209235 | NS      | $9302588.10   | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| STAG Industrial, Inc.                        | STAG Industrial, Inc.                     | CUSIP: 85254J102<br>LEI: 549300QWYX2W6FASVQ07 | Long             | EC               | CORP              | US        |    185954 | NS      | $6008173.74   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Compass Minerals International Inc.          | Compass Minerals International, Inc.      | CUSIP: 20451N101<br>LEI: 2549008X9G8XP7YJGC47 | Long             | EC               | CORP              | US        |    345566 | NS      | $14168206.00  | 2.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Huron Consulting Group Inc.                  | Huron Consulting Group, Inc.              | CUSIP: 447462102<br>LEI: 549300NGVB9H6TKTLE36 | Long             | EC               | CORP              | US        |     33062 | NS      | $2400301.20   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Coty Inc.                                    | Coty, Inc. Class A                        | CUSIP: 222070203<br>LEI: 549300BO9IWPF3S48F93 | Long             | EC               | CORP              | US        |   1704264 | NS      | $14588499.84  | 2.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Glatfelter Corporation                       | Glatfelter Corporation                    | CUSIP: 377320106<br>LEI: 549300LDQLQBT38QDY28 | Long             | EC               | CORP              | US        |    466252 | NS      | $1296180.56   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Wesbanco Inc                                 | WesBanco, Inc.                            | CUSIP: 950810101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    165766 | NS      | $6130026.68   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Sterling Construction Co Inc.                | Sterling Infrastructure, Inc.             | CUSIP: 859241101<br>LEI: 549300RZIK6K1215XU51 | Long             | EC               | CORP              | US        |    277861 | NS      | $9113840.80   | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Terreno Realty Corporation                   | Terreno Realty Corporation                | CUSIP: 88146M101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     95249 | NS      | $5416810.63   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| New Jersey Resources Corp.                   | New Jersey Resources Corporation          | CUSIP: 646025106<br>LEI: 549300QKBSQBIX4DQ583 | Long             | EC               | CORP              | US        |    166541 | NS      | $8263764.42   | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Orthofix Medical Inc                         | Orthofix Medical, Inc.                    | CUSIP: 68752M108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    610246 | NS      | $12528350.38  | 2.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Pediatrix Medical Group Inc                  | Pediatrix Medical Group, Inc.             | CUSIP: 58502B106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    227964 | NS      | $3387545.04   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Belden Inc.                                  | Belden, Inc.                              | CUSIP: 077454106<br>LEI: 68BKYO1JC791TTJHUE82 | Long             | EC               | CORP              | US        |    177184 | NS      | $12739529.60  | 2.16%             |  |  |  | No            |                  1 | On Loan: No      |
| AZZ Inc                                      | AZZ, Inc.                                 | CUSIP: 002474104<br>LEI: 549300HD1X2NFLWPYC83 | Long             | EC               | CORP              | US        |    206579 | NS      | $8304475.80   | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| KBR Inc                                      | KBR, Inc.                                 | CUSIP: 48242W106<br>LEI: 254900OFQDXZRKRCV808 | Long             | EC               | CORP              | US        |    185951 | NS      | $9818212.80   | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-23

**Name of Applicant:** SBH Small Cap Value Fund

**Signature:** Jennifer L. Leamer

**Name of Signer:** Jennifer L. Leamer

**Title:** Assistant Treasurer