# EDGAR Filing Document

**Accession Number:** 0002026099
**File Stem:** 0001145549-25-048193
**Filing Date:** 2025-7
**Character Count:** 87519
**Document Hash:** 181b971454aadbb2bf8824c52e8e8b0e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-048193.hdr.sgml**: 20250725

**ACCESSION NUMBER**: 0001145549-25-048193

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 3

**CONFORMED PERIOD OF REPORT**: 20250531

**FILED AS OF DATE**: 20250725

**DATE AS OF CHANGE**: 20250725

**PERIOD START**: 20250831

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** American Funds U.S. Small & Mid Cap Equity Fund
- **CENTRAL INDEX KEY:** 0002026099

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0831

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23979
- **FILM NUMBER:** 251150983

**BUSINESS ADDRESS:**
- **STREET 1:** 6455 IRVINE CENTER DRIVE
- **CITY:** IRVINE
- **STATE:** CA
- **ZIP:** 92618
- **BUSINESS PHONE:** (213)486-9200

**MAIL ADDRESS:**
- **STREET 1:** 333 SOUTH HOPE STREET
- **STREET 2:** 55TH FLOOR
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90071

## Series and Classes Contracts Data

### American Funds U.S. Small & Mid Cap Equity Fund (Series ID: S000087820)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000253806 | Class T       | SMDHX           |
| C000253807 | Class 529-A   | CMDDX           |
| C000253808 | Class R-5E    | RMDKX           |
| C000253809 | Class R-5     | RMDLX           |
| C000253810 | Class R-4     | RMDJX           |
| C000253811 | Class R-3     | RMDHX           |
| C000253812 | Class R-2E    | RMDGX           |
| C000253813 | Class R-2     | RMDEX           |
| C000253814 | Class R-1     | RMDDX           |
| C000253815 | Class F-3     | SMDNX           |
| C000253816 | Class F-2     | SMDKX           |
| C000253817 | Class F-1     | SMDJX           |
| C000253818 | Class C       | SMDGX           |
| C000253819 | Class A       | SMDEX           |
| C000253820 | Class 529-T   | CMDKX           |
| C000253821 | Class 529-F-3 | CMDOX           |
| C000253822 | Class 529-F-2 | CMDNX           |
| C000253823 | Class 529-F-1 | CMDLX           |
| C000253824 | Class 529-E   | CMDJX           |
| C000253825 | Class 529-C   | CMDHX           |
| C000253826 | Class R-6     | RMDMX           |

## Nport-Ex

![](imgd687b7971.jpg)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

**American Funds U.S. Small and Mid Cap Equity** **Fund**

Investment portfolio

May 31, 2025

**unaudited**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

---

| | | |
|:---|:---|:---|
| Common stocks 96.31%<br> **Financials 22.74%**<br>| Shares | Value<br> (000)<br>|
| Capital One Financial Corp.  | 3956 | $748 |
| Brown & Brown, Inc.  | 5974 | 674 |
| RenaissanceRe Holdings, Ltd.  | 1872 | 467 |
| Victory Capital Holdings, Inc., Class A  | 7476 | 464 |
| Citizens Financial Group, Inc.  | 8788 | 355 |
| LPL Financial Holdings, Inc.  | 913 | 354 |
| TPG, Inc., Class A  | 6699 | 322 |
| Fifth Third Bancorp  | 8346 | 319 |
| Arthur J. Gallagher & Co.  | 909 | 316 |
| Hamilton Lane, Inc., Class A <sup>(a)</sup>  | 2029 | 302 |
| StepStone Group, Inc., Class A  | 4509 | 261 |
| Aspen Insurance Holdings, Ltd., Class A <sup>(b)</sup>  | 7000 | 240 |
| Affirm Holdings, Inc., Class A <sup>(b)</sup>  | 3583 | 186 |
| Radian Group, Inc.  | 5338 | 182 |
| Tradeweb Markets, Inc., Class A  | 1050 | 152 |
| Ameriprise Financial, Inc.  | 271 | 138 |
| Artisan Partners Asset Management, Inc., Class A  | 2879 | 116 |
| Comerica, Inc.  | 1311 | 75 |
| Kinsale Capital Group, Inc.  | 155 | 73 |
| Block, Inc., Class A <sup>(b)</sup>  | 892 | 55 |
|  |  | 5799 |
| **Industrials 17.44%** |  |  |
| XPO, Inc. <sup>(b)</sup>  | 3775 | 430 |
| United Rentals, Inc.  | 585 | 414 |
| Ingersoll-Rand, Inc.  | 4651 | 380 |
| Crane Co.  | 2147 | 368 |
| Karman Holdings, Inc. <sup>(b)</sup>  | 8368 | 359 |
| ATI, Inc. <sup>(b)</sup>  | 3035 | 242 |
| AGCO Corp.  | 2407 | 236 |
| Comfort Systems USA, Inc.  | 485 | 232 |
| Kadant, Inc.  | 646 | 203 |
| FTI Consulting, Inc. <sup>(b)</sup>  | 1105 | 181 |
| Generac Holdings, Inc. <sup>(b)</sup>  | 1460 | 178 |
| SiteOne Landscape Supply, Inc. <sup>(b)</sup>  | 1421 | 166 |
| APi Group Corp. <sup>(b)</sup>  | 3444 | 161 |
| Copart, Inc. <sup>(b)</sup>  | 2708 | 139 |
| Applied Industrial Technologies, Inc.  | 523 | 118 |
| Regal Rexnord Corp.  | 859 | 115 |
| Alight, Inc., Class A  | 17703 | 97 |
| HEICO Corp.  | 308 | 92 |
| L3Harris Technologies, Inc.  | 328 | 80 |
| Graco, Inc.  | 892 | 76 |
| AMETEK, Inc.  | 420 | 75 |

---

American Funds U.S. Small and Mid Cap Equity Fund — Page 1 of 6

------

**unaudited**

---

| | | |
|:---|:---|:---|
| Common stocks (continued)<br> **Industrials (continued)**<br>| Shares | Value<br> (000)<br>|
| Fluor Corp. <sup>(b)</sup>  | 1325 | $55 |
| CBIZ, Inc. <sup>(b)</sup>  | 698 | 50 |
|  |  | 4447 |
| **Consumer discretionary 17.31%** |  |  |
| YUM! Brands, Inc.  | 3967 | 571 |
| Hilton Worldwide Holdings, Inc.  | 1696 | 421 |
| LKQ Corp.  | 9854 | 399 |
| Vail Resorts, Inc.  | 2034 | 326 |
| Aptiv Holdings, Ltd. <sup>(b)</sup>  | 3855 | 258 |
| Wingstop, Inc.  | 701 | 240 |
| Bright Horizons Family Solutions, Inc. <sup>(b)</sup>  | 1659 | 214 |
| Flutter Entertainment PLC <sup>(b)</sup>  | 684 | 173 |
| lululemon athletica, Inc. <sup>(b)</sup>  | 506 | 160 |
| General Motors Co.  | 3123 | 155 |
| Five Below, Inc. <sup>(b)</sup>  | 1221 | 142 |
| Darden Restaurants, Inc.  | 654 | 140 |
| Williams-Sonoma, Inc.  | 812 | 131 |
| Polaris, Inc.  | 3141 | 123 |
| Murphy USA, Inc.  | 265 | 113 |
| Chewy, Inc., Class A <sup>(b)</sup>  | 2465 | 112 |
| Texas Roadhouse, Inc.  | 550 | 107 |
| TopBuild Corp. <sup>(b)</sup>  | 327 | 93 |
| Caesars Entertainment, Inc. <sup>(b)</sup>  | 3287 | 88 |
| D.R. Horton, Inc.  | 676 | 80 |
| Royal Caribbean Cruises, Ltd.  | 309 | 79 |
| Brinker International, Inc. <sup>(b)</sup>  | 454 | 78 |
| AutoZone, Inc. <sup>(b)</sup>  | 16 | 60 |
| Cavco Industries, Inc. <sup>(b)</sup>  | 133 | 58 |
| CAVA Group, Inc. <sup>(b)</sup>  | 658 | 53 |
| Champion Homes, Inc. <sup>(b)</sup>  | 605 | 40 |
|  |  | 4414 |
| **Information technology 11.51%** |  |  |
| Ingram Micro Holding Corp.  | 21041 | 403 |
| Insight Enterprises, Inc. <sup>(b)</sup>  | 1910 | 249 |
| Keysight Technologies, Inc. <sup>(b)</sup>  | 1430 | 225 |
| Flex, Ltd. <sup>(b)</sup>  | 4935 | 209 |
| Fabrinet, non-registered shares <sup>(b)</sup>  | 877 | 204 |
| Klaviyo, Inc., Class A <sup>(b)</sup>  | 5713 | 194 |
| Vontier Corp.  | 4540 | 162 |
| Procore Technologies, Inc. <sup>(b)</sup>  | 2414 | 162 |
| EPAM Systems, Inc. <sup>(b)</sup>  | 918 | 160 |
| Cloudflare, Inc., Class A <sup>(b)</sup>  | 923 | 153 |
| Lumentum Holdings, Inc. <sup>(b)</sup>  | 1690 | 122 |
| Pure Storage, Inc., Class A <sup>(b)</sup>  | 2178 | 117 |
| TD SYNNEX Corp.  | 807 | 98 |
| MongoDB, Inc., Class A <sup>(b)</sup>  | 500 | 94 |
| Ciena Corp. <sup>(b)</sup>  | 1122 | 90 |
| CDW Corp.  | 473 | 85 |
| Okta, Inc., Class A <sup>(b)</sup>  | 632 | 65 |
| RingCentral, Inc., Class A <sup>(b)</sup>  | 2252 | 58 |

---

American Funds U.S. Small and Mid Cap Equity Fund — Page 2 of 6

------

**unaudited**

---

| | | |
|:---|:---|:---|
| Common stocks (continued)<br> **Information technology (continued)**<br>| Shares | Value<br> (000)<br>|
| Fair Isaac Corp. <sup>(b)</sup>  | 31 | $54 |
| ServiceTitan, Inc., Class A <sup>(b)</sup>  | 268 | 30 |
|  |  | 2934 |
| **Consumer staples 9.47%** |  |  |
| US Foods Holding Corp. <sup>(b)</sup>  | 8374 | 663 |
| Monster Beverage Corp. <sup>(b)</sup>  | 6606 | 422 |
| Dollar General Corp.  | 4262 | 415 |
| e.l.f. Beauty, Inc. <sup>(b)</sup>  | 2216 | 249 |
| Kimberly-Clark Corp.  | 1133 | 163 |
| Caseys General Stores, Inc.  | 323 | 141 |
| Constellation Brands, Inc., Class A  | 595 | 106 |
| Maplebear, Inc. <sup>(b)</sup>  | 1929 | 88 |
| Estee Lauder Companies, Inc. (The), Class A  | 1150 | 77 |
| Target Corp.  | 593 | 56 |
| Bunge Global SA  | 445 | 35 |
|  |  | 2415 |
| **Health care 7.36%** |  |  |
| Exact Sciences Corp. <sup>(b)</sup>  | 3019 | 170 |
| Alnylam Pharmaceuticals, Inc. <sup>(b)</sup>  | 553 | 168 |
| Medpace Holdings, Inc. <sup>(b)</sup>  | 522 | 154 |
| Align Technology, Inc. <sup>(b)</sup>  | 784 | 142 |
| Veeva Systems, Inc., Class A <sup>(b)</sup>  | 498 | 139 |
| Ionis Pharmaceuticals, Inc. <sup>(b)</sup>  | 4087 | 137 |
| Hims & Hers Health, Inc., Class A <sup>(b)</sup>  | 2350 | 133 |
| Illumina, Inc. <sup>(b)</sup>  | 1514 | 124 |
| Molina Healthcare, Inc. <sup>(b)</sup>  | 399 | 122 |
| Halozyme Therapeutics, Inc. <sup>(b)</sup>  | 1940 | 109 |
| Penumbra, Inc. <sup>(b)</sup>  | 348 | 93 |
| Natera, Inc. <sup>(b)</sup>  | 470 | 74 |
| Cooper Companies, Inc. <sup>(b)</sup>  | 1064 | 73 |
| Zimmer Biomet Holdings, Inc.  | 561 | 52 |
| NewAmsterdam Pharma Co. NV <sup>(b)</sup>  | 2797 | 51 |
| DexCom, Inc. <sup>(b)</sup>  | 532 | 46 |
| Humana, Inc.  | 163 | 38 |
| Krystal Biotech, Inc. <sup>(b)</sup>  | 251 | 32 |
| agilon health, Inc. <sup>(b)</sup>  | 7772 | 17 |
| GRAIL, Inc. <sup>(a)(b)</sup>  | 93 | 3 |
|  |  | 1877 |
| **Communication services 3.51%** |  |  |
| ROBLOX Corp., Class A <sup>(b)</sup>  | 5788 | 503 |
| Live Nation Entertainment, Inc. <sup>(b)</sup>  | 1049 | 144 |
| Charter Communications, Inc., Class A <sup>(b)</sup>  | 219 | 87 |
| Trade Desk, Inc. (The), Class A <sup>(b)</sup>  | 1142 | 86 |
| Take-Two Interactive Software, Inc. <sup>(b)</sup>  | 328 | 74 |
|  |  | 894 |
| **Real estate 2.85%** |  |  |
| Mid-America Apartment Communities, Inc. REIT  | 1537 | 241 |
| Essex Property Trust, Inc. REIT  | 632 | 179 |
| NNN REIT, Inc.  | 3030 | 127 |

---

American Funds U.S. Small and Mid Cap Equity Fund — Page 3 of 6

------

**unaudited**

---

| | | |
|:---|:---|:---|
| Common stocks (continued)<br> **Real estate (continued)**<br>| Shares | Value<br> (000)<br>|
| Crown Castle, Inc. REIT  | 1126 | $113 |
| Lineage, Inc. REIT  | 1599 | 68 |
|  |  | 728 |
| **Energy 2.11%** |  |  |
| Diamondback Energy, Inc.  | 1410 | 189 |
| Baker Hughes Co., Class A  | 3856 | 143 |
| Cheniere Energy, Inc.  | 578 | 137 |
| Viper Energy, Inc., Class A  | 1735 | 69 |
|  |  | 538 |
| **Materials 1.53%** |  |  |
| International Paper Co.  | 5396 | 258 |
| Element Solutions, Inc.  | 4834 | 104 |
| Albemarle Corp.  | 508 | 28 |
|  |  | 390 |
| **Utilities 0.48%** |  |  |
| FirstEnergy Corp.  | 2917 | 122 |
| **Total common stocks** (cost: $23,957,000) |  | 24558 |
| Short-term securities 1.74%<br> **Money market investments 1.72%**<br>|  |  |
| Capital Group Central Cash Fund 4.29% <sup>(c)(d)</sup>  | 4394 | 439 |
| **Money market investments purchased with collateral from securities on loan 0.02%** |  |  |
| Capital Group Central Cash Fund 4.29% <sup>(c)(e)</sup>  | 10 | 1 |
| Dreyfus Treasury Obligations Cash Management, Institutional Shares 4.18% <sup>(c)(e)</sup>  | 428 | 1 |
| Invesco Short-Term Investments Trust – Government & Agency Portfolio, Institutional Class 4.24% <sup>(c)(e)</sup>  | 442 | 1 |
| State Street Institutional U.S. Government Money Market Fund, Premier Class 4.27% <sup>(c)(e)</sup>  | 428 | 1 |
| BlackRock Liquidity Funds – FedFund, Institutional Shares 4.21% <sup>(c)(e)</sup>  | 286 | — <br><sup>(f)</sup><br>|
| Fidelity Investments Money Market Government Portfolio, Class I 4.18% <sup>(c)(e)</sup>  | 250 | — <br><sup>(f)</sup><br>|
| Goldman Sachs Financial Square Government Fund, Institutional Shares 4.18% <sup>(c)(e)</sup>  | 250 | — <br><sup>(f)</sup><br>|
| Morgan Stanley Institutional Liquidity Funds – Government Portfolio, Institutional Class 4.22% <sup>(c)(e)</sup>  | 286 | — <br><sup>(f)</sup><br>|
| RBC Funds Trust – U.S. Government Money Market Fund, RBC Institutional Class 1 4.23% <sup>(c)(e)</sup>  | 143 | — <br><sup>(f)</sup><br>|
|  |  | 4 |
| **Total short-term securities** (cost: $443,000) |  | 443 |
| Total investment securities 98.05% (cost: $24,400,000) |  | 25001 |
| **Other assets less liabilities 1.95%** |  | 497 |
| **Net assets 100.00%** |  | $25498 |

---

American Funds U.S. Small and Mid Cap Equity Fund — Page 4 of 6

------

**unaudited**

Investments in affiliates <sup>(d)</sup>

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | Value at <br>9/27/2024 <sup>(g)</sup> <br>(000)<br>| Additions <br>(000)<br>| Reductions <br>(000)<br>| Net <br>realized <br>gain (loss) <br>(000)<br>| Net <br>unrealized <br>appreciation <br>(depreciation) <br>(000)<br>| Value at <br>5/31/2025 <br>(000)<br>| Dividend <br>or interest <br>income <br>(000)<br>|
| **Short-term securities 1.72%** | **Short-term securities 1.72%** | **Short-term securities 1.72%** | **Short-term securities 1.72%** | **Short-term securities 1.72%** | **Short-term securities 1.72%** | **Short-term securities 1.72%** | **Short-term securities 1.72%** |
| **Money market investments 1.72%** |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Capital Group Central Cash Fund 4.29% <sup>(c)</sup> <br>| $— | &nbsp;&nbsp; $4238 | &nbsp;&nbsp; $3799 | &nbsp;&nbsp; $— | &nbsp;&nbsp; $— | &nbsp;&nbsp; $439 | &nbsp;&nbsp; $17 |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(a)</sup> All or a portion of this security was on loan. The total value of all such securities was $288,000, which represented 1.13% of the net assets of the fund. 

<sup>(b)</sup> Security did not produce income during the last 12 months.

<sup>(c)</sup> Rate represents the seven-day yield at 5/31/2025.

<sup>(d)</sup> Part of the same "group of investment companies" as the fund as defined under the Investment Company Act of 1940, as amended.

<sup>(e)</sup> Security purchased with cash collateral from securities on loan. 

<sup>(f)</sup> Amount less than one thousand.

<sup>(g)</sup> Commencement of operations.

Valuation disclosures

------

Capital Research and Management Company ("CRMC"), the fund's investment adviser, values the fund's investments at fair value as defined by accounting principles generally accepted in the United States of America. The net asset value per share is calculated once daily as of the close of regular trading on the New York Stock Exchange, normally 4 p.m. New York time, each day the New York Stock Exchange is open. Security transactions are recorded by the fund as of the date the trades are executed with brokers.

**Methods and inputs** — The fund's investment adviser uses the following methods and inputs to establish the fair value of the fund's assets and liabilities. Use of particular methods and inputs may vary over time based on availability and relevance as market and economic conditions evolve.

Equity securities, including depositary receipts, are generally valued at the official closing price of, or the last reported sale price on, the exchange or market on which such securities are traded, as of the close of business on the day the securities are being valued or, lacking any sales, at the last available bid price. Prices for each security are taken from the principal exchange or market on which the security trades.

Fixed-income securities, including short-term securities, are generally valued at evaluated prices obtained from third-party pricing vendors. Vendors value such securities based on one or more of the inputs described in the following table. The table provides examples of inputs that are commonly relevant for valuing particular classes of fixed-income securities in which the fund is authorized to invest. However, these classifications are not exclusive, and any of the inputs may be used to value any other class of fixed-income security.

---

| | |
|:---|:---|
| **Fixed-income class** | **Examples of standard inputs** |
| &nbsp;&nbsp;&nbsp;&nbsp; All | &nbsp;&nbsp;&nbsp; Benchmark yields, transactions, bids, offers, quotations from dealers and <br> trading systems, new issues, spreads and other relationships observed in <br> the markets among comparable securities; and proprietary pricing <br> models such as yield measures calculated using factors such as cash flows, <br> financial or collateral performance and other reference data (collectively <br> referred to as "standard inputs")<br>|
| &nbsp;&nbsp;&nbsp;&nbsp; Corporate bonds, notes & loans; convertible securities | Standard inputs and underlying equity of the issuer |
| &nbsp;&nbsp;&nbsp;&nbsp; Bonds & notes of governments & government agencies | Standard inputs and interest rate volatilities |
| &nbsp;&nbsp;&nbsp;&nbsp; Mortgage-backed; asset-backed obligations | &nbsp;&nbsp;&nbsp; Standard inputs and cash flows, prepayment information, default rates, <br> delinquency and loss assumptions, collateral characteristics, credit <br> enhancements and specific deal information<br>|

---

Securities with both fixed-income and equity characteristics, or equity securities traded principally among fixed-income dealers, are generally valued in the manner described for either equity or fixed-income securities, depending on which method is deemed most appropriate by the fund's investment adviser. The Capital Group Central Cash Fund ("CCF"), a fund within the Capital Group Central Fund Series ("Central Funds"), is valued based upon a floating net asset value, which fluctuates with changes in the value of CCF's portfolio securities. The underlying securities are valued based on the policies and procedures in CCF's statement of additional information.

American Funds U.S. Small and Mid Cap Equity Fund — Page 5 of 6

------

**unaudited**

Securities and other assets for which representative market quotations are not readily available or are considered unreliable by the fund's investment adviser are fair valued as determined in good faith under fair valuation guidelines adopted by the fund's investment adviser and approved by the board of trustees as further described. The investment adviser follows fair valuation guidelines, consistent with U.S. Securities and Exchange Commission rules and guidance, to consider relevant principles and factors when making fair value determinations. The investment adviser considers relevant indications of value that are reasonably and timely available to it in determining the fair value to be assigned to a particular security, such as the type and cost of the security, restrictions on resale of the security, relevant financial or business developments of the issuer, actively traded similar or related securities, dealer or broker quotes, conversion or exchange rights on the security, related corporate actions, significant events occurring after the close of trading in the security, and changes in overall market conditions. In addition, the closing prices of equity securities that trade in markets outside U.S. time zones may be adjusted to reflect significant events that occur after the close of local trading but before the net asset value of each share class of the fund is determined. Fair valuations of investments that are not actively trading involve judgment and may differ materially from valuations that would have been used had greater market activity occurred.

**Processes and structure** — The fund's board of trustees has designated the fund's investment adviser to make fair value determinations, subject to board oversight. The investment adviser has established a Joint Fair Valuation Committee (the "Committee") to administer, implement and oversee the fair valuation process and to make fair value decisions. The Committee regularly reviews its own fair value decisions, as well as decisions made under its standing instructions to the investment adviser's valuation team. The Committee reviews changes in fair value measurements from period to period, pricing vendor information and market data, and may, as deemed appropriate, update the fair valuation guidelines to better reflect the results of back testing and address new or evolving issues. Pricing decisions, processes and controls over security valuation are also subject to additional internal reviews facilitated by the investment adviser's global risk management group. The Committee reports changes to the fair valuation guidelines to the board of trustees. The fund's board and audit committee also regularly review reports that describe fair value determinations and methods.

**Classifications** — The fund's investment adviser classifies the fund's assets and liabilities into three levels based on the inputs used to value the assets or liabilities. Level 1 values are based on quoted prices in active markets for identical securities. Level 2 values are based on significant observable market inputs, such as quoted prices for similar securities and quoted prices in inactive markets. Certain securities trading outside the U.S. may transfer between Level 1 and Level 2 due to valuation adjustments resulting from significant market movements following the close of local trading. Level 3 values are based on significant unobservable inputs that reflect the investment adviser's determination of assumptions that market participants might reasonably use in valuing the securities. The valuation levels are not necessarily an indication of the risk or liquidity associated with the underlying investment. For example, U.S. government securities are reflected as Level 2 because the inputs used to determine fair value may not always be quoted prices in an active market. As of May 31, 2025, all of the fund's investments were classified as Level 1.

---

| |
|:---|
| **Key to abbreviation(s)** |
| REIT = Real Estate Investment Trust |

---

**Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value.**

**Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectus and summary prospectus, which can be obtained from your financial professional and should be read carefully before investing. You may also call American Funds Service Company (AFS) at (800) 421-4225 or visit the Capital Group website at capitalgroup.com.**

All Capital Group trademarks mentioned are owned by The Capital Group Companies, Inc., an affiliated company or fund. All other company and product names mentioned are the property of their respective companies.

Capital Client Group, Inc., member FINRA.© 2025 Capital Group. All rights reserved.

MFGEFP3-210-0725

American Funds U.S. Small and Mid Cap Equity Fund — Page 6 of 6

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** American Funds U.S. Small & Mid Cap Equity Fund

- **b. Investment Company Act file number:** 811-23979

- **c. CIK number of Registrant:** 0002026099

- **d. LEI of Registrant:** 254900GNST7VM388PF07

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

  - **Street Address 1:** 6455 Irvine Center Drive

  - **City:** Irvine

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 92618

  - **Telephone number:** 9499755000

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

- **a. Name of Series:** American Funds U.S. Small & Mid Cap Equity Fund

- **b. EDGAR series identifier (if any):** S000087820

- **c. LEI of Series:** 254900GNST7VM388PF07

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

- **a. Date of fiscal year-end:** 2025-08-31

- **b. Date as of which information is reported:** 2025-05-31

**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:** $25585423.20

**Total Liabilities:** $86585.45

**Net Assets:** $25498837.75

**Cash Not Reported:** $98756.24

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000253806 | -5.67%               | -1.37%               | 8.33%                |
| Class ID C000253807 | -5.67%               | -1.37%               | 8.33%                |
| Class ID C000253808 | -5.67%               | -1.37%               | 8.55%                |
| Class ID C000253809 | -5.67%               | -1.37%               | 8.55%                |
| Class ID C000253810 | -5.67%               | -1.37%               | 8.55%                |
| Class ID C000253811 | -5.67%               | -1.37%               | 8.55%                |
| Class ID C000253812 | -5.67%               | -1.37%               | 8.55%                |
| Class ID C000253813 | -5.67%               | -1.26%               | 8.43%                |
| Class ID C000253814 | -5.67%               | -1.37%               | 8.55%                |
| Class ID C000253815 | -5.67%               | -1.37%               | 8.55%                |
| Class ID C000253816 | -5.67%               | -1.37%               | 8.33%                |
| Class ID C000253817 | -5.67%               | -1.37%               | 8.44%                |
| Class ID C000253818 | -5.67%               | -1.37%               | 8.33%                |
| Class ID C000253819 | -5.67%               | -1.37%               | 8.33%                |
| Class ID C000253820 | -5.77%               | -1.37%               | 8.45%                |
| Class ID C000253821 | -5.67%               | -1.37%               | 8.44%                |
| Class ID C000253822 | -5.67%               | -1.48%               | 8.45%                |
| Class ID C000253823 | -5.67%               | -1.37%               | 8.33%                |
| Class ID C000253824 | -5.67%               | -1.48%               | 8.45%                |
| Class ID C000253825 | -5.67%               | -1.37%               | 8.33%                |
| Class ID C000253826 | -5.67%               | -1.26%               | 8.43%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-41452.16               | $-1426013.16                               |
| Month 2  | $-117646.73              | $-206593.43                                |
| Month 3  | $10821.70                | $1957199.15                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| NNN REIT INC                                                                     | NNN REIT INC (REIT)                                                              | CUSIP: 637417106<br>LEI: 5493008JKH5SOTI0JS97 | Long             | EC               | CORP              | US        |      3030 | NS      | $126532.80    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| INSIGHT ENTERPRISES INC                                                          | INSIGHT ENTERPRISES INC                                                          | CUSIP: 45765U103<br>LEI: 529900S8991TYW6YP792 | Long             | EC               | CORP              | US        |      1910 | NS      | $249044.90    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| VAIL RESORTS INC                                                                 | VAIL RESORTS INC                                                                 | CUSIP: 91879Q109<br>LEI: 529900PSZHRNU9HKH870 | Long             | EC               | CORP              | US        |      2034 | NS      | $325785.78    | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| MURPHY USA INC                                                                   | MURPHY USA INC                                                                   | CUSIP: 626755102<br>LEI: 549300Y081F8XIKQIO72 | Long             | EC               | CORP              | US        |       265 | NS      | $113099.35    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| NEWAMSTERDAM PHARMA CO NV                                                        | NEWAMSTERDAM PHARMA CO NV                                                        | CUSIP: N/A<br>LEI: 984500B6549TF6E14D36       | Long             | EC               | CORP              | NL        |      2797 | NS      | $50653.67     | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| CLOUDFLARE INC                                                                   | CLOUDFLARE INC CL A                                                              | CUSIP: 18915M107<br>LEI: 5493007DY18BGNLDWU14 | Long             | EC               | CORP              | US        |       923 | NS      | $153116.47    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| NATERA INC                                                                       | NATERA INC                                                                       | CUSIP: 632307104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       470 | NS      | $74133.10     | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| OKTA INC                                                                         | OKTA INC CL A                                                                    | CUSIP: 679295105<br>LEI: 549300N8J06I8MRHU620 | Long             | EC               | CORP              | US        |       632 | NS      | $65203.44     | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| AFFIRM HOLDINGS INC                                                              | AFFIRM HOLDINGS INC CL A                                                         | CUSIP: 00827B106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3583 | NS      | $185957.70    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| AGCO CORP                                                                        | AGCO CORP                                                                        | CUSIP: 001084102<br>LEI: LYOM0B2GCF1JWXK5ZG04 | Long             | EC               | CORP              | US        |      2407 | NS      | $235837.86    | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| AGILON HEALTH INC                                                                | AGILON HEALTH INC                                                                | CUSIP: 00857U107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7772 | NS      | $17253.84     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| ASPEN INSURANCE HOLDINGS LTD                                                     | ASPEN INSURANCE HOLDINGS LTD CL A                                                | CUSIP: N/A<br>LEI: 549300YX6HECG9XQCQ75       | Long             | EC               | CORP              | BM        |      7000 | NS      | $240100.00    | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| APPLIED INDUSTRIAL TECHNOLOGIES INC                                              | APPLIED INDUSTRIAL TECH INC                                                      | CUSIP: 03820C105<br>LEI: 549300NU173IJRC6PO38 | Long             | EC               | CORP              | US        |       523 | NS      | $118469.96    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| ARTHUR J GALLAGHER & CO                                                          | ARTHUR J GALLAGHER & CO                                                          | CUSIP: 363576109<br>LEI: 54930049QLLMPART6V29 | Long             | EC               | CORP              | US        |       909 | NS      | $315822.96    | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| ALBEMARLE CORP                                                                   | ALBEMARLE CORP                                                                   | CUSIP: 012653101<br>LEI: HDBLS2Q6GV1LSKQPBS54 | Long             | EC               | CORP              | US        |       508 | NS      | $28326.08     | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| ALIGN TECHNOLOGY INC                                                             | ALIGN TECHNOLOGY INC                                                             | CUSIP: 016255101<br>LEI: 549300N5YSE0U3LCP840 | Long             | EC               | CORP              | US        |       784 | NS      | $141856.96    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| ALIGHT INC                                                                       | ALIGHT INC CL A                                                                  | CUSIP: 01626W101<br>LEI: 549300600ESCO1HTVN74 | Long             | EC               | CORP              | US        |     17703 | NS      | $96658.38     | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| ALNYLAM PHARMACEUTICALS INC                                                      | ALNYLAM PHARMACEUTICALS INC                                                      | CUSIP: 02043Q107<br>LEI: 529900S3ZI14OWRJII50 | Long             | EC               | CORP              | US        |       553 | NS      | $168421.68    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| AMETEK INC                                                                       | AMETEK INC                                                                       | CUSIP: 031100100<br>LEI: 549300WZDEF9KKE40E98 | Long             | EC               | CORP              | US        |       420 | NS      | $75070.80     | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERIPRISE FINANCIAL INC                                                         | AMERIPRISE FINANCIAL INC                                                         | CUSIP: 03076C106<br>LEI: 6ZLKQF7QB6JAEKQS5388 | Long             | EC               | CORP              | US        |       271 | NS      | $138004.04    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| ARTISAN PARTNERS ASSET MANAGEMENT INC                                            | ARTISAN PARTNERS ASSET MANAGEMENT INC CL A                                       | CUSIP: 04316A108<br>LEI: 549300T1FUI6JF63XU51 | Long             | EC               | CORP              | US        |      2879 | NS      | $116023.70    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| API GROUP CORP                                                                   | API GROUP CORP                                                                   | CUSIP: 00187Y100<br>LEI: 213800NZT1VX6PZ7BT53 | Long             | EC               | CORP              | US        |      3444 | NS      | $160731.48    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| APTIV PLC                                                                        | APTIV PLC                                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | IE        |      3855 | NS      | $257552.55    | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ATI INC                                                                          | ATI INC                                                                          | CUSIP: 01741R102<br>LEI: ZW1LRE7C3H17O2ZN9B45 | Long             | EC               | CORP              | US        |      3035 | NS      | $241707.40    | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| EXACT SCIENCES CORP                                                              | EXACT SCIENCES CORPORATION                                                       | CUSIP: 30063P105<br>LEI: 549300VM3X1FYD4N9Z14 | Long             | EC               | CORP              | US        |      3019 | NS      | $169909.32    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| AUTOZONE INC                                                                     | AUTOZONE INC                                                                     | CUSIP: 053332102<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | EC               | CORP              | US        |        16 | NS      | $59728.64     | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| BRIGHT HORIZONS FAMILY SOLUTIONS INC                                             | BRIGHT HORIZONS FAMILY SOLUTIONS INC                                             | CUSIP: 109194100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1659 | NS      | $214342.80    | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| DIAMONDBACK ENERGY INC                                                           | DIAMONDBACK ENERGY INC                                                           | CUSIP: 25278X109<br>LEI: 549300R22LSX6OHWEN64 | Long             | EC               | CORP              | US        |      1410 | NS      | $189715.50    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| FTI CONSULTING INC                                                               | FTI CONSULTING INC                                                               | CUSIP: 302941109<br>LEI: 549300K17GM8EQD0FQ48 | Long             | EC               | CORP              | US        |      1105 | NS      | $181396.80    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| BUNGE GLOBAL SA                                                                  | BUNGE GLOBAL SA                                                                  | CUSIP: N/A<br>LEI: 254900IVXSV9K0B7PO26       | Long             | EC               | CORP              | US        |       445 | NS      | $34776.75     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| BAKER HUGHES CO                                                                  | BAKER HUGHES CO CL A                                                             | CUSIP: 05722G100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3856 | NS      | $142864.80    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRSTENERGY CORP                                                                 | FIRSTENERGY CORP                                                                 | CUSIP: 337932107<br>LEI: 549300SVYJS666PQJH88 | Long             | EC               | CORP              | US        |      2917 | NS      | $122338.98    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| KADANT INC                                                                       | KADANT INC                                                                       | CUSIP: 48282T104<br>LEI: 549300K06LNJYBMPYP15 | Long             | EC               | CORP              | US        |       646 | NS      | $202785.86    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| TOPBUILD CORP                                                                    | TOPBUILD CORP                                                                    | CUSIP: 89055F103<br>LEI: 5493007YSKHOL4RWII46 | Long             | EC               | CORP              | US        |       327 | NS      | $92505.03     | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| BROWN & BROWN INC                                                                | BROWN & BROWN INC                                                                | CUSIP: 115236101<br>LEI: 549300PC8KTJ71XKFY89 | Long             | EC               | CORP              | US        |      5974 | NS      | $674464.60    | 2.65%             |  |  |  | No            |                  1 | On Loan: No      |
| KEYSIGHT TECHNOLOGIES INC                                                        | KEYSIGHT TECHNOLOGIES INC                                                        | CUSIP: 49338L103<br>LEI: 549300GLKVIO8YRCYN02 | Long             | EC               | CORP              | US        |      1430 | NS      | $224567.20    | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| KIMBERLY-CLARK CORP                                                              | KIMBERLY-CLARK CORP                                                              | CUSIP: 494368103<br>LEI: MP3J6QPYPGN75NVW2S34 | Long             | EC               | CORP              | US        |      1133 | NS      | $162880.08    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| MAPLEBEAR INC (DBA INSTACART)                                                    | MAPLEBEAR INC (DBA INSTACART)                                                    | CUSIP: 565394103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1929 | NS      | $88097.43     | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| CASEY'S GENERAL STORES INC                                                       | CASEYS GENERAL STORES                                                            | CUSIP: 147528103<br>LEI: 549300CAFWSI86V66Q65 | Long             | EC               | CORP              | US        |       323 | NS      | $141396.48    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| KINSALE CAPITAL GROUP INC                                                        | KINSALE CAPITAL GROUP INC                                                        | CUSIP: 49714P108<br>LEI: 529900QTUQHNZ6HOA508 | Long             | EC               | CORP              | US        |       155 | NS      | $73158.45     | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| KARMAN HOLDINGS INC                                                              | KARMAN HOLDINGS INC                                                              | CUSIP: 485924104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8368 | NS      | $358652.48    | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| CAVA GROUP INC                                                                   | CAVA GROUP INC                                                                   | CUSIP: 148929102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       658 | NS      | $53475.66     | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| CBIZ INC                                                                         | CBIZ INC                                                                         | CUSIP: 124805102<br>LEI: 529900D5X8CFM8O1N813 | Long             | EC               | CORP              | US        |       698 | NS      | $50423.52     | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| CHEWY INC                                                                        | CHEWY INC CL A                                                                   | CUSIP: 16679L109<br>LEI: 254900NPQSTG9I422879 | Long             | EC               | CORP              | US        |      2465 | NS      | $111541.25    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| CIENA CORP                                                                       | CIENA CORP                                                                       | CUSIP: 171779309<br>LEI: W0CZ7N0GH8UIGXDM1H41 | Long             | EC               | CORP              | US        |      1122 | NS      | $89827.32     | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| COMERICA INC                                                                     | COMERICA INC                                                                     | CUSIP: 200340107<br>LEI: I9Q57JVPWHHZ3ZGBW498 | Long             | EC               | CORP              | US        |      1311 | NS      | $74844.99     | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| CAPITAL ONE FINANCIAL CORP                                                       | CAPITAL ONE FINANCIAL CORP                                                       | CUSIP: 14040H105<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | EC               | CORP              | US        |      3956 | NS      | $748277.40    | 2.93%             |  |  |  | No            |                  1 | On Loan: No      |
| KRYSTAL BIOTECH INC                                                              | KRYSTAL BIOTECH INC                                                              | CUSIP: 501147102<br>LEI: 549300YONUY68210OE41 | Long             | EC               | CORP              | US        |       251 | NS      | $31615.96     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| KLAVIYO INC                                                                      | KLAVIYO INC CL A                                                                 | CUSIP: 49845K101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5713 | NS      | $194242.00    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| L3HARRIS TECHNOLOGIES INC                                                        | L3HARRIS TECHNOLOGIES INC                                                        | CUSIP: 502431109<br>LEI: 549300UTE50ZMDBG8A20 | Long             | EC               | CORP              | US        |       328 | NS      | $80143.52     | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| LINEAGE INC                                                                      | LINEAGE INC (REIT)                                                               | CUSIP: 53566V106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1599 | NS      | $68261.31     | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| COOPER COS INC/THE                                                               | COOPER COS INC/THE                                                               | CUSIP: 216648501<br>LEI: QJKMVPIGLH7530PCUE20 | Long             | EC               | CORP              | US        |      1064 | NS      | $72649.92     | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| COPART INC                                                                       | COPART INC                                                                       | CUSIP: 217204106<br>LEI: 549300KVYX3JWMYEHU61 | Long             | EC               | CORP              | US        |      2708 | NS      | $139407.84    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| CRANE CO                                                                         | CRANE CO                                                                         | CUSIP: 224408104<br>LEI: 5493000CQRQOTHUODL75 | Long             | EC               | CORP              | US        |      2147 | NS      | $367995.80    | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| CAVCO INDUSTRIES INC                                                             | CAVCO INDUSTRIES INC                                                             | CUSIP: 149568107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       133 | NS      | $57668.14     | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| LUMENTUM HOLDINGS INC                                                            | LUMENTUM HOLDINGS INC                                                            | CUSIP: 55024U109<br>LEI: 549300JLWRRC38DWEF52 | Long             | EC               | CORP              | US        |      1690 | NS      | $122153.20    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| LKQ CORP                                                                         | LKQ CORP                                                                         | CUSIP: 501889208<br>LEI: DS830JTTZQN6GK0I2E41 | Long             | EC               | CORP              | US        |      9854 | NS      | $398791.38    | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| CAESARS ENTERTAINMENT INC                                                        | CAESARS ENTERTAINMENT INC                                                        | CUSIP: 12769G100<br>LEI: 549300FA4CTCW903Y781 | Long             | EC               | CORP              | US        |      3287 | NS      | $88354.56     | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| DOLLAR GENERAL CORP                                                              | DOLLAR GENERAL CORP                                                              | CUSIP: 256677105<br>LEI: OPX52SQVOZI8IVSWYU66 | Long             | EC               | CORP              | US        |      4262 | NS      | $414479.50    | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| TAKE-TWO INTERACTIVE SOFTWARE INC                                                | TAKE-TWO INTERACTIVE SOFTWARE INC                                                | CUSIP: 874054109<br>LEI: BOMSTHHJK882EWYX3334 | Long             | EC               | CORP              | US        |       328 | NS      | $74219.84     | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| TRADEWEB MARKETS INC                                                             | TRADEWEB MARKETS INC CL A                                                        | CUSIP: 892672106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1050 | NS      | $151672.50    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| TEXAS ROADHOUSE INC                                                              | TEXAS ROADHOUSE INC                                                              | CUSIP: 882681109<br>LEI: 5299002Y1CNRPDGXTQ75 | Long             | EC               | CORP              | US        |       550 | NS      | $107365.50    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED RENTALS INC                                                               | UNITED RENTALS INC                                                               | CUSIP: 911363109<br>LEI: 5323X5O7RN0NKFCDRY08 | Long             | EC               | CORP              | US        |       585 | NS      | $414402.30    | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| DR HORTON INC                                                                    | DR HORTON INC                                                                    | CUSIP: 23331A109<br>LEI: 529900ZIUEYVSB8QDD25 | Long             | EC               | CORP              | US        |       676 | NS      | $79808.56     | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| DARDEN RESTAURANTS INC                                                           | DARDEN RESTAURANTS INC                                                           | CUSIP: 237194105<br>LEI: CY1NFSCCB5GUXC7WZC70 | Long             | EC               | CORP              | US        |       654 | NS      | $140093.34    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| DEXCOM INC                                                                       | DEXCOM INC                                                                       | CUSIP: 252131107<br>LEI: 549300YSK3QDSFR5EU59 | Long             | EC               | CORP              | US        |       532 | NS      | $45645.60     | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| BRINKER INTERNATIONAL INC                                                        | BRINKER INTL INC                                                                 | CUSIP: 109641100<br>LEI: 52990067JY6PBGJNTG76 | Long             | EC               | CORP              | US        |       454 | NS      | $78374.02     | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| US FOODS HOLDING CORP                                                            | US FOODS HOLDING CORP                                                            | CUSIP: 912008109<br>LEI: 549300UGOZSO64CFPR97 | Long             | EC               | CORP              | US        |      8374 | NS      | $662550.88    | 2.60%             |  |  |  | No            |                  1 | On Loan: No      |
| VICTORY CAPITAL HOLDINGS INC                                                     | VICTORY CAPITAL HOLDINGS INC CL A                                                | CUSIP: 92645B103<br>LEI: 549300BN5LH2CIPPHS71 | Long             | EC               | CORP              | US        |      7476 | NS      | $463586.76    | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| VEEVA SYSTEMS INC                                                                | VEEVA SYSTEMS INC CL A                                                           | CUSIP: 922475108<br>LEI: 549300YZEXPDB92M2F02 | Long             | EC               | CORP              | US        |       498 | NS      | $139290.60    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| VIPER ENERGY INC                                                                 | VIPER ENERGY INC CL A                                                            | CUSIP: 927959106<br>LEI: 5299009LINL232255G03 | Long             | EC               | CORP              | US        |      1735 | NS      | $68862.15     | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| ESTEE LAUDER COMPANIES INC/THE                                                   | ESTEE LAUDER COMPANIES INC/THE CL A                                              | CUSIP: 518439104<br>LEI: 549300VFZ8XJ9NUPU221 | Long             | EC               | CORP              | US        |      1150 | NS      | $76981.00     | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| ELF BEAUTY INC                                                                   | ELF BEAUTY INC                                                                   | CUSIP: 26856L103<br>LEI: 549300U2K9TCON25C029 | Long             | EC               | CORP              | US        |      2216 | NS      | $249277.84    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| VONTIER CORP                                                                     | VONTIER CORP                                                                     | CUSIP: 928881101<br>LEI: 549300VVSQLG4P5K4639 | Long             | EC               | CORP              | US        |      4540 | NS      | $162305.00    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| WINGSTOP INC                                                                     | WINGSTOP INC                                                                     | CUSIP: 974155103<br>LEI: 549300SSH3F8HPIM3Q47 | Long             | EC               | CORP              | US        |       701 | NS      | $239531.70    | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| EPAM SYSTEMS INC                                                                 | EPAM SYSTEMS INC                                                                 | CUSIP: 29414B104<br>LEI: 549300XCR4R530HJP604 | Long             | EC               | CORP              | US        |       918 | NS      | $160181.82    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| ELEMENT SOLUTIONS INC                                                            | ELEMENT SOLUTIONS INC                                                            | CUSIP: 28618M106<br>LEI: 549300FLGN6P5CU20J91 | Long             | EC               | CORP              | US        |      4834 | NS      | $103350.92    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| WILLIAMS-SONOMA INC                                                              | WILLIAMS-SONOMA INC                                                              | CUSIP: 969904101<br>LEI: 549300IARG6YWVTZ1I92 | Long             | EC               | CORP              | US        |       812 | NS      | $131349.12    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| XPO INC                                                                          | XPO INC                                                                          | CUSIP: 983793100<br>LEI: 54930096DB9LCLPN7H13 | Long             | EC               | CORP              | US        |      3775 | NS      | $429708.25    | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| ESSEX PROPERTY TRUST INC                                                         | ESSEX PROPERTY TRUST INC (REIT)                                                  | CUSIP: 297178105<br>LEI: 549300TR2H2VEFX0NC60 | Long             | EC               | CORP              | US        |       632 | NS      | $179424.80    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| INGRAM MICRO HOLDING CORP                                                        | INGRAM MICRO HOLDING CORP                                                        | CUSIP: 457152106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     21041 | NS      | $402514.33    | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| BLOCK INC                                                                        | BLOCK INC CL A                                                                   | CUSIP: 852234103<br>LEI: 549300OHIIUWSTIZME52 | Long             | EC               | CORP              | US        |       892 | NS      | $55081.00     | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| YUM! BRANDS INC                                                                  | YUM! BRANDS INC                                                                  | CUSIP: 988498101<br>LEI: 549300JE8XHZZ7OHN517 | Long             | EC               | CORP              | US        |      3967 | NS      | $571009.98    | 2.24%             |  |  |  | No            |                  1 | On Loan: No      |
| IONIS PHARMACEUTICALS INC                                                        | IONIS PHARMACEUTICALS INC                                                        | CUSIP: 462222100<br>LEI: 549300SI4ZGLG0BLUZ92 | Long             | EC               | CORP              | US        |      4087 | NS      | $136955.37    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERNATIONAL PAPER CO                                                           | INTERNATIONAL PAPER CO                                                           | CUSIP: 460146103<br>LEI: 824LMFJDH41EY779Q875 | Long             | EC               | CORP              | US        |      5396 | NS      | $257982.76    | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| INGERSOLL-RAND INC                                                               | INGERSOLL-RAND INC                                                               | CUSIP: 45687V106<br>LEI: 5299004C02FMZCUOIR50 | Long             | EC               | CORP              | US        |      4651 | NS      | $379707.64    | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| ZIMMER BIOMET HOLDINGS INC                                                       | ZIMMER BIOMET HOLDINGS INC                                                       | CUSIP: 98956P102<br>LEI: 2P2YLDVPES3BXQ1FRB91 | Long             | EC               | CORP              | US        |       561 | NS      | $51707.37     | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| PROCORE TECHNOLOGIES INC                                                         | PROCORE TECHNOLOGIES INC                                                         | CUSIP: 74275K108<br>LEI: 5493005PTWY0RHYRAH22 | Long             | EC               | CORP              | US        |      2414 | NS      | $162148.38    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| PENUMBRA INC                                                                     | PENUMBRA INC                                                                     | CUSIP: 70975L107<br>LEI: 549300RGE06P3ECANU72 | Long             | EC               | CORP              | US        |       348 | NS      | $92905.56     | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| POLARIS INC                                                                      | POLARIS INC                                                                      | CUSIP: 731068102<br>LEI: 549300QJSN8UVWN1EI78 | Long             | EC               | CORP              | US        |      3141 | NS      | $123190.02    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| PURE STORAGE INC                                                                 | PURE STORAGE INC CL A                                                            | CUSIP: 74624M102<br>LEI: 549300NPDB0BZTK3WO90 | Long             | EC               | CORP              | US        |      2178 | NS      | $116719.02    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| ROBLOX CORP                                                                      | ROBLOX CORP                                                                      | CUSIP: 771049103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5788 | NS      | $503440.24    | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| ROYAL CARIBBEAN CRUISES LTD                                                      | ROYAL CARIBBEAN CRUISES LTD                                                      | CUSIP: N/A<br>LEI: K2NEH8QNVW44JIWK7Z55       | Long             | EC               | CORP              | US        |       309 | NS      | $79403.73     | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| RADIAN GROUP INC                                                                 | RADIAN GROUP INC                                                                 | CUSIP: 750236101<br>LEI: 54930005OUP720S5U385 | Long             | EC               | CORP              | US        |      5338 | NS      | $182292.70    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| RINGCENTRAL INC                                                                  | RINGCENTRAL INC CL A                                                             | CUSIP: 76680R206<br>LEI: 549300C8EH0H1614VE84 | Long             | EC               | CORP              | US        |      2252 | NS      | $58394.36     | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| RENAISSANCERE HOLDINGS LTD                                                       | RENAISSANCERE HOLDINGS LTD                                                       | CUSIP: N/A<br>LEI: EK6GB9U3U58PDI411C94       | Long             | EC               | CORP              | BM        |      1872 | NS      | $466914.24    | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| REGAL REXNORD CORP                                                               | REGAL REXNORD CORP                                                               | CUSIP: 758750103<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | EC               | CORP              | US        |       859 | NS      | $114624.96    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| SITEONE LANDSCAPE SUPPLY INC                                                     | SITEONE LANDSCAPE SUPPLY INC                                                     | CUSIP: 82982L103<br>LEI: 5299008LX7SBD4HIAU03 | Long             | EC               | CORP              | US        |      1421 | NS      | $165987.01    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| CHAMPION HOMES INC                                                               | CHAMPION HOMES INC                                                               | CUSIP: 830830105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       605 | NS      | $39567.00     | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| TD SYNNEX CORP                                                                   | TD SYNNEX CORP                                                                   | CUSIP: 87162W100<br>LEI: 5493004HI6PFLF46NS53 | Long             | EC               | CORP              | US        |       807 | NS      | $97921.38     | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| STEPSTONE GROUP INC                                                              | STEPSTONE GROUP INC CL A                                                         | CUSIP: 85914M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4509 | NS      | $260845.65    | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| CONSTELLATION BRANDS INC                                                         | CONSTELLATION BRANDS INC CL A                                                    | CUSIP: 21036P108<br>LEI: 5493005GKEG8QCVY7037 | Long             | EC               | CORP              | US        |       595 | NS      | $106082.55    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| TARGET CORP                                                                      | TARGET CORP                                                                      | CUSIP: 87612E106<br>LEI: 8WDDFXB5T1Z6J0XC1L66 | Long             | EC               | CORP              | US        |       593 | NS      | $55747.93     | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| TPG INC                                                                          | TPG INC CL A                                                                     | CUSIP: 872657101<br>LEI: 549300NLO4R8MX77XJ02 | Long             | EC               | CORP              | US        |      6699 | NS      | $322422.87    | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| SERVICETITAN INC                                                                 | SERVICETITAN INC CL A                                                            | CUSIP: 81764X103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       268 | NS      | $29659.56     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| TRADE DESK INC (THE)                                                             | TRADE DESK INC (THE) CL A                                                        | CUSIP: 88339J105<br>LEI: 549300GXPD31VT3E0P46 | Long             | EC               | CORP              | US        |      1142 | NS      | $85901.24     | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| CHENIERE ENERGY INC                                                              | CHENIERE ENERGY INC                                                              | CUSIP: 16411R208<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | EC               | CORP              | US        |       578 | NS      | $136980.22    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| LPL FINANCIAL HOLDINGS INC                                                       | LPL FINANCIAL HOLDINGS INC                                                       | CUSIP: 50212V100<br>LEI: 549300XROQ4Y8G2L7682 | Long             | EC               | CORP              | US        |       913 | NS      | $353477.08    | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| LULULEMON ATHLETICA INC                                                          | LULULEMON ATHLETICA INC                                                          | CUSIP: 550021109<br>LEI: 549300D9GZ4BMLDW5T40 | Long             | EC               | CORP              | CA        |       587 | NS      | $185885.29    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| LIVE NATION ENTERTAINMENT INC                                                    | LIVE NATION ENTERTAINMENT INC                                                    | CUSIP: 538034109<br>LEI: 5493007B9BM9ZXJINO78 | Long             | EC               | CORP              | US        |      1049 | NS      | $143912.31    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| MID-AMERICA APARTMENT COMMUNITIES INC                                            | MID-AMERICA APARTMENT COMMUNITIES INC (REIT)                                     | CUSIP: 59522J103<br>LEI: 549300FQZKFR5YNSHZ21 | Long             | EC               | CORP              | US        |      1537 | NS      | $240771.05    | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| MONGODB INC                                                                      | MONGODB INC CL A                                                                 | CUSIP: 60937P106<br>LEI: 549300TPTG69WKWE1Z37 | Long             | EC               | CORP              | US        |       500 | NS      | $94415.00     | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| MEDPACE HOLDINGS INC                                                             | MEDPACE HOLDINGS INC                                                             | CUSIP: 58506Q109<br>LEI: 549300H8TYEUVTW14A54 | Long             | EC               | CORP              | US        |       522 | NS      | $153937.80    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| CAPITAL GROUP CENTRAL CASH FUND                                                  | CAPITAL GROUP CENTRAL CASH FUND                                                  | CUSIP: 14020B102<br>LEI: 549300YD0SRETB6WWP29 | Long             | STIV             | RF                | US        |      4646 | NS      | $464645.00    | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| MONSTER BEVERAGE CORP                                                            | MONSTER BEVERAGE CORP                                                            | CUSIP: 61174X109<br>LEI: 52990090AP0E7HCB6F33 | Long             | EC               | CORP              | US        |      6606 | NS      | $422453.70    | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| MOLINA HEALTHCARE INC                                                            | MOLINA HEALTHCARE INC                                                            | CUSIP: 60855R100<br>LEI: 549300NQQCEQ46YHZ591 | Long             | EC               | CORP              | US        |       399 | NS      | $121710.96    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| CROWN CASTLE INC                                                                 | CROWN CASTLE INC (REIT)                                                          | CUSIP: 22822V101<br>LEI: 54930012H97VSM0I2R19 | Long             | EC               | CORP              | US        |      1126 | NS      | $112994.10    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| CDW CORP/DE                                                                      | CDW CORP/DE                                                                      | CUSIP: 12514G108<br>LEI: 9845001B052ABF0B6755 | Long             | EC               | CORP              | US        |       473 | NS      | $85310.28     | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| CITIZENS FINANCIAL GROUP INC                                                     | CITIZENS FINANCIAL GROUP INC                                                     | CUSIP: 174610105<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | EC               | CORP              | US        |      8788 | NS      | $354595.80    | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| CHARTER COMMUNICATIONS INC                                                       | CHARTER COMMUNICATIONS INC CL A                                                  | CUSIP: 16119P108<br>LEI: 0J0XRGZE3PBRFEZ7MV65 | Long             | EC               | CORP              | US        |       219 | NS      | $86783.13     | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| FAIR ISAAC CORP                                                                  | FAIR ISAAC CORP                                                                  | CUSIP: 303250104<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | EC               | CORP              | US        |        31 | NS      | $53514.68     | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| FIFTH THIRD BANCORP                                                              | FIFTH THIRD BANCORP                                                              | CUSIP: 316773100<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | EC               | CORP              | US        |      8346 | NS      | $318733.74    | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| FIVE BELOW INC                                                                   | FIVE BELOW INC                                                                   | CUSIP: 33829M101<br>LEI: 529900AAXP5Z6BGI7418 | Long             | EC               | CORP              | US        |      1221 | NS      | $142331.97    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| COMFORT SYSTEMS USA INC                                                          | COMFORT SYSTEMS USA INC                                                          | CUSIP: 199908104<br>LEI: 5299009DT1ZA5HTU6R38 | Long             | EC               | CORP              | US        |       485 | NS      | $231941.55    | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| FLEX LTD                                                                         | FLEX LTD                                                                         | CUSIP: N/A<br>LEI: 549300EAQH74YHD07T53       | Long             | EC               | CORP              | SG        |      5504 | NS      | $232819.20    | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| FLUOR CORP                                                                       | FLUOR CORP                                                                       | CUSIP: 343412102<br>LEI: CQ7WZ4NOFWT7FAE6Q943 | Long             | EC               | CORP              | US        |      1325 | NS      | $55093.50     | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| FLUTTER ENTERTAINMENT PLC                                                        | FLUTTER ENTERTAINMENT PLC (USD)                                                  | CUSIP: N/A<br>LEI: 635400EG4YIJLJMZJ782       | Long             | EC               | CORP              | IE        |       684 | NS      | $172846.80    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| FABRINET                                                                         | FABRINET (BEARER)                                                                | CUSIP: N/A<br>LEI: 5493004TETZ6IYF7CV44       | Long             | EC               | CORP              | TH        |       877 | NS      | $204226.99    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| GRACO INC                                                                        | GRACO INC                                                                        | CUSIP: 384109104<br>LEI: 4T5VJ4S81BRT6Q7GGT78 | Long             | EC               | CORP              | US        |       892 | NS      | $75516.72     | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| GENERAL MOTORS CO                                                                | GENERAL MOTORS COMPANY                                                           | CUSIP: 37045V100<br>LEI: 54930070NSV60J38I987 | Long             | EC               | CORP              | US        |      3123 | NS      | $154932.03    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| GENERAC HOLDINGS INC                                                             | GENERAC HOLDINGS INC                                                             | CUSIP: 368736104<br>LEI: 529900S2H2AHJHSFFI84 | Long             | EC               | CORP              | US        |      1460 | NS      | $178309.80    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| GRAIL INC                                                                        | GRAIL INC                                                                        | CUSIP: 384747101<br>LEI: 2549009XSNESW3VE8024 | Long             | EC               | CORP              | US        |        93 | NS      | $3572.13      | 0.01%             |  |  |  | No            |                  1 | On Loan: —       |
| HALOZYME THERAPEUTICS INC                                                        | HALOZYME THERAPEUTICS INC                                                        | CUSIP: 40637H109<br>LEI: 529900242I3SV9AGM753 | Long             | EC               | CORP              | US        |      1940 | NS      | $108775.80    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| HEICO CORP                                                                       | HEICO CORP                                                                       | CUSIP: 422806109<br>LEI: 529900O1DTDLCJ7L0I14 | Long             | EC               | CORP              | US        |       308 | NS      | $92289.12     | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| HIMS & HERS HEALTH INC                                                           | HIMS & HERS HEALTH INC CL A                                                      | CUSIP: 433000106<br>LEI: 254900V041EIVTSB6D58 | Long             | EC               | CORP              | US        |      2350 | NS      | $132916.00    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| HAMILTON LANE INC                                                                | HAMILTON LANE INC CL A                                                           | CUSIP: 407497106<br>LEI: 5493006OKN3V1NORM833 | Long             | EC               | CORP              | US        |      2029 | NS      | $302321.00    | 1.19%             |  |  |  | No            |                  1 | On Loan: —       |
| HILTON WORLDWIDE HOLDINGS INC                                                    | HILTON WORLDWIDE HOLDINGS INC                                                    | CUSIP: 43300A203<br>LEI: 549300HVGPK36ICB0B89 | Long             | EC               | CORP              | US        |      1696 | NS      | $421354.24    | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| HUMANA INC                                                                       | HUMANA INC                                                                       | CUSIP: 444859102<br>LEI: 529900YLDW34GJAO4J06 | Long             | EC               | CORP              | US        |       163 | NS      | $38000.19     | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| ILLUMINA INC                                                                     | ILLUMINA INC                                                                     | CUSIP: 452327109<br>LEI: SQ95QG8SR5Q56LSNF682 | Long             | EC               | CORP              | US        |      1514 | NS      | $124511.36    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| CAPITAL GROUP CENTRAL CASH FUND                                                  | CAPITAL GROUP CENTRAL CASH FUND                                                  | CUSIP: 14020B102<br>LEI: 549300YD0SRETB6WWP29 | Long             | EC               | RF                | US        |      1057 | PA      | $1057.31      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY INVST MGT INC - MORGAN STANLEY INSTL LIQUIDITY FUND - GOVT PRTFLO | MORGAN STANLEY INVST MGT INC - MORGAN STANLEY INSTL LIQUIDITY FUND - GOVT PRTFLO | CUSIP: 61747C707<br>LEI: N/A                  | Long             | EC               | RF                | US        |       286 | PA      | $286.00       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| US GOVERNMENT MONEY MARKET FUND                                                  | US GOVERNMENT MONEY MARKET FUND                                                  | CUSIP: 74926P696<br>LEI: N/A                  | Long             | EC               | RF                | US        |       143 | PA      | $143.00       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| INVESCO GOVERNMENT AND AGENCY PORTFOLIO                                          | INVESCO GVT AND AGNCY-INST                                                       | CUSIP: 825252885<br>LEI: N/A                  | Long             | EC               | RF                | US        |       442 | PA      | $441.69       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| STATE STREET INSTITUTIONAL US GOVERNMENT MONEY MARKET FUND                       | STATE STREET INSTITUTIONAL US GOVERNMENT MONEY MARKET FUND                       | CUSIP: 857492706<br>LEI: N/A                  | Long             | EC               | RF                | US        |       428 | PA      | $428.00       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BLACKROCK FEDFUND                                                                | BLACKROCK FEDFUND                                                                | CUSIP: 09248U700<br>LEI: N/A                  | Long             | EC               | RF                | US        |       286 | PA      | $286.00       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| DREYFUS CASH MANAGEMENT FUNDS - DREYFUS TREASURY AND AGENCY CASH MANAGEMENT      | DREYFUS CASH MANAGEMENT FUNDS - DREYFUS TREASURY AND AGENCY CASH MANAGEMENT      | CUSIP: 261908107<br>LEI: N/A                  | Long             | EC               | RF                | US        |       428 | PA      | $428.00       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| FIDELITY INSTITUTIONAL MONEY MARKET FUNDS - GOVERNMENT PORTFOLIO                 | FIDELITY INSTITUTIONAL MONEY MARKET FUNDS - GOVERNMENT PORTFOLIO                 | CUSIP: 316175108<br>LEI: N/A                  | Long             | EC               | RF                | US        |       250 | PA      | $250.00       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| GOLDMAN SACHS FINANCIAL SQUARE GOVERNMENT FUND                                   | GOLDMAN SACHS FINANCIAL SQUARE GOVERNMENT FUND                                   | CUSIP: 38141W273<br>LEI: N/A                  | Long             | EC               | RF                | US        |       250 | PA      | $250.00       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-25

**Name of Applicant:** American Funds U.S. Small & Mid Cap Equity Fund

**Signature:** Scott Lewis

**Name of Signer:** Scott Lewis

**Title:** Lead Analyst