# EDGAR Filing Document

**Accession Number:** 0000763852
**File Stem:** 0002071691-25-007781
**Filing Date:** 2025-11
**Character Count:** 247985
**Document Hash:** fff04e3534cc562cca1d7637a05a3e8a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0002071691-25-007781.hdr.sgml**: 20251126

**ACCESSION NUMBER**: 0002071691-25-007781

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251126

**DATE AS OF CHANGE**: 20251126

**PERIOD START**: 20260630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** JPMORGAN TRUST II
- **CENTRAL INDEX KEY:** 0000763852

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04236
- **FILM NUMBER:** 251528386

**BUSINESS ADDRESS:**
- **STREET 1:** 277 PARK AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10172
- **BUSINESS PHONE:** 800-480-4111

**MAIL ADDRESS:**
- **STREET 1:** 277 PARK AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10172

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ONE GROUP MUTUAL FUNDS
- **DATE OF NAME CHANGE:** 20000721

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ONE GROUP
- **DATE OF NAME CHANGE:** 19931105

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** HELMSMAN FUND
- **DATE OF NAME CHANGE:** 19920703

## Series and Classes Contracts Data

### JPMorgan Small Cap Value Fund (Series ID: S000003899)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000010893 | Class I      | PSOPX           |
| C000010894 | Class A      | PSOAX           |
| C000010896 | Class C      | OSVCX           |
| C000010897 | Class R6     | JSVUX           |
| C000033524 | Class R5     | JSVRX           |
| C000070648 | Class R2     | JSVZX           |
| C000173567 | Class R4     | JSVQX           |
| C000173568 | Class R3     | JSVPX           |

## Nport-Ex

**JPMorgan Small Cap Value Fund**

**Schedule of Portfolio Investments as of September 30, 2025**

**(Unaudited)** 

---

| |
|:---|
| &nbsp;&nbsp; THE "UNAUDITED MUTUAL FUNDS HOLDINGS" LIST ("the <br> List") IS TO BE USED FOR REPORTING PURPOSES ONLY. IT IS <br> NOT TO BE REPRODUCED FOR USE AS ADVERTISING OR <br> SALES LITERATURE WITH THE GENERAL PUBLIC. The list is <br> submitted for the general information of the shareholders of the Fund. <br> It is not authorized for distribution to prospective investors in the Fund <br> unless preceded or accompanied by a prospectus. The list has been <br> created from the books and records of the Fund. Holdings are <br> available 60 days after the fund's fiscal quarter, using a trade date <br> accounting convention, by contacting the appropriate service center. <br> The list is subject to change without notice. The list is for <br> informational purposes only and is not intended as an offer or <br> solicitation with respect to the purchase or sale of any security.<br>|
| &nbsp;&nbsp; JPMorgan Asset Management is the marketing name for the asset <br> management business of J.P. Morgan Chase & Co.<br>|
| J.P. Morgan Distribution Services, Inc., member FINRA. |
|© J.P. Morgan Chase & Co., 2025. |

---

------

**JPMorgan Small Cap Value Fund**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF September 30, 2025 (Unaudited)

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

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | &nbsp;&nbsp;&nbsp; **SHARES** <br>&nbsp;&nbsp;&nbsp;&nbsp;**(000)**<br>| &nbsp;&nbsp;&nbsp; **VALUE** <br>**($000)**<br>|
| **Common Stocks — 99.2%** | **Common Stocks — 99.2%** | **Common Stocks — 99.2%** |
| **Aerospace & Defense — 0.5%** | **Aerospace & Defense — 0.5%** | **Aerospace & Defense — 0.5%** |
| &nbsp;&nbsp;&nbsp; Mercury Systems, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 37 | &nbsp;&nbsp;&nbsp;&nbsp; 2868 |
| &nbsp;&nbsp;&nbsp; StandardAero, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 45 | &nbsp;&nbsp;&nbsp;&nbsp; 1228 |
| &nbsp;&nbsp;&nbsp; V2X, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 44 | &nbsp;&nbsp;&nbsp;&nbsp; 2567 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 6663 |
| **Air Freight & Logistics — 0.1%** | **Air Freight & Logistics — 0.1%** | **Air Freight & Logistics — 0.1%** |
| &nbsp;&nbsp;&nbsp; Radiant Logistics, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 171 | &nbsp;&nbsp;&nbsp;&nbsp; 1006 |
| **Automobile Components — 2.2%** | **Automobile Components — 2.2%** | **Automobile Components — 2.2%** |
| &nbsp;&nbsp;&nbsp; Adient plc \* | &nbsp;&nbsp;&nbsp;&nbsp; 309 | &nbsp;&nbsp;&nbsp;&nbsp; 7437 |
| &nbsp;&nbsp;&nbsp; Dana, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 264 | &nbsp;&nbsp;&nbsp;&nbsp; 5296 |
| &nbsp;&nbsp;&nbsp; Garrett Motion, Inc. (Switzerland) | &nbsp;&nbsp;&nbsp;&nbsp; 292 | &nbsp;&nbsp;&nbsp;&nbsp; 3973 |
| &nbsp;&nbsp;&nbsp; Modine Manufacturing Co. \* | &nbsp;&nbsp;&nbsp;&nbsp; 41 | &nbsp;&nbsp;&nbsp;&nbsp; 5792 |
| &nbsp;&nbsp;&nbsp; Phinia, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 77 | &nbsp;&nbsp;&nbsp;&nbsp; 4461 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 26959 |
| **Banks — 17.7%** | **Banks — 17.7%** | **Banks — 17.7%** |
| &nbsp;&nbsp;&nbsp; 1st Source Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 13 | &nbsp;&nbsp;&nbsp;&nbsp; 832 |
| &nbsp;&nbsp;&nbsp; Amalgamated Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 22 | &nbsp;&nbsp;&nbsp;&nbsp; 593 |
| &nbsp;&nbsp;&nbsp; Amerant Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 80 | &nbsp;&nbsp;&nbsp;&nbsp; 1545 |
| &nbsp;&nbsp;&nbsp; Ameris Bancorp | &nbsp;&nbsp;&nbsp;&nbsp; 107 | &nbsp;&nbsp;&nbsp;&nbsp; 7812 |
| &nbsp;&nbsp;&nbsp; Associated Banc-Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 24 | &nbsp;&nbsp;&nbsp;&nbsp; 609 |
| &nbsp;&nbsp;&nbsp; Atlantic Union Bankshares Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 30 | &nbsp;&nbsp;&nbsp;&nbsp; 1060 |
| &nbsp;&nbsp;&nbsp; Axos Financial, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 53 | &nbsp;&nbsp;&nbsp;&nbsp; 4456 |
| &nbsp;&nbsp;&nbsp; Banc of California, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 336 | &nbsp;&nbsp;&nbsp;&nbsp; 5561 |
| &nbsp;&nbsp;&nbsp; Bank of NT Butterfield & Son Ltd. (The) (Bermuda) | &nbsp;&nbsp;&nbsp;&nbsp; 161 | &nbsp;&nbsp;&nbsp;&nbsp; 6930 |
| &nbsp;&nbsp;&nbsp; BankUnited, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 94 | &nbsp;&nbsp;&nbsp;&nbsp; 3586 |
| &nbsp;&nbsp;&nbsp; BayCom Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 9 | &nbsp;&nbsp;&nbsp;&nbsp; 256 |
| &nbsp;&nbsp;&nbsp; Beacon Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 76 | &nbsp;&nbsp;&nbsp;&nbsp; 1797 |
| &nbsp;&nbsp;&nbsp; Bridgewater Bancshares, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 37 | &nbsp;&nbsp;&nbsp;&nbsp; 644 |
| &nbsp;&nbsp;&nbsp; Burke & Herbert Financial Services Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 11 | &nbsp;&nbsp;&nbsp;&nbsp; 690 |
| &nbsp;&nbsp;&nbsp; Business First Bancshares, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 96 | &nbsp;&nbsp;&nbsp;&nbsp; 2262 |
| &nbsp;&nbsp;&nbsp; Byline Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 173 | &nbsp;&nbsp;&nbsp;&nbsp; 4802 |
| &nbsp;&nbsp;&nbsp; Cadence Bank | &nbsp;&nbsp;&nbsp;&nbsp; 37 | &nbsp;&nbsp;&nbsp;&nbsp; 1393 |
| &nbsp;&nbsp;&nbsp; Capital City Bank Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 18 | &nbsp;&nbsp;&nbsp;&nbsp; 773 |
| &nbsp;&nbsp;&nbsp; Capitol Federal Financial, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 179 | &nbsp;&nbsp;&nbsp;&nbsp; 1134 |
| &nbsp;&nbsp;&nbsp; Central Pacific Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 55 | &nbsp;&nbsp;&nbsp;&nbsp; 1674 |
| &nbsp;&nbsp;&nbsp; ChoiceOne Financial Services, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 15 | &nbsp;&nbsp;&nbsp;&nbsp; 425 |
| &nbsp;&nbsp;&nbsp; CNB Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 75 | &nbsp;&nbsp;&nbsp;&nbsp; 1819 |
| &nbsp;&nbsp;&nbsp; Community Trust Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 17 | &nbsp;&nbsp;&nbsp;&nbsp; 969 |
| &nbsp;&nbsp;&nbsp; ConnectOne Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 219 | &nbsp;&nbsp;&nbsp;&nbsp; 5439 |
| &nbsp;&nbsp;&nbsp; Customers Bancorp, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 118 | &nbsp;&nbsp;&nbsp;&nbsp; 7707 |
| &nbsp;&nbsp;&nbsp; Dime Community Bancshares, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 30 | &nbsp;&nbsp;&nbsp;&nbsp; 900 |
| &nbsp;&nbsp;&nbsp; Eastern Bankshares, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 425 | &nbsp;&nbsp;&nbsp;&nbsp; 7712 |
| &nbsp;&nbsp;&nbsp; Enterprise Financial Services Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 134 | &nbsp;&nbsp;&nbsp;&nbsp; 7778 |
| &nbsp;&nbsp;&nbsp; Equity Bancshares, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 122 | &nbsp;&nbsp;&nbsp;&nbsp; 4963 |
| &nbsp;&nbsp;&nbsp; FB Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 19 | &nbsp;&nbsp;&nbsp;&nbsp; 1039 |
| &nbsp;&nbsp;&nbsp; Financial Institutions, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 84 | &nbsp;&nbsp;&nbsp;&nbsp; 2290 |
| &nbsp;&nbsp;&nbsp; First BanCorp (Puerto Rico) | &nbsp;&nbsp;&nbsp;&nbsp; 188 | &nbsp;&nbsp;&nbsp;&nbsp; 4145 |

---

------

**JPMorgan Small Cap Value Fund**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF September 30, 2025 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | &nbsp;&nbsp;&nbsp; **SHARES**<br> &nbsp;&nbsp;&nbsp;&nbsp;**(000)**<br>| &nbsp;&nbsp;&nbsp; **VALUE**<br> **($000)**<br>|
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Banks — continued** | **Banks — continued** | **Banks — continued** |
| &nbsp;&nbsp;&nbsp; First Busey Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 23 | &nbsp;&nbsp;&nbsp;&nbsp; 524 |
| &nbsp;&nbsp;&nbsp; First Commonwealth Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 22 | &nbsp;&nbsp;&nbsp;&nbsp; 377 |
| &nbsp;&nbsp;&nbsp; First Financial Bancorp | &nbsp;&nbsp;&nbsp;&nbsp; 41 | &nbsp;&nbsp;&nbsp;&nbsp; 1036 |
| &nbsp;&nbsp;&nbsp; First Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 42 | &nbsp;&nbsp;&nbsp;&nbsp; 2346 |
| &nbsp;&nbsp;&nbsp; First Interstate BancSystem, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 24 | &nbsp;&nbsp;&nbsp;&nbsp; 779 |
| &nbsp;&nbsp;&nbsp; First Merchants Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 117 | &nbsp;&nbsp;&nbsp;&nbsp; 4424 |
| &nbsp;&nbsp;&nbsp; First Mid Bancshares, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 81 | &nbsp;&nbsp;&nbsp;&nbsp; 3068 |
| &nbsp;&nbsp;&nbsp; Hancock Whitney Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 73 | &nbsp;&nbsp;&nbsp;&nbsp; 4585 |
| &nbsp;&nbsp;&nbsp; Hanmi Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 91 | &nbsp;&nbsp;&nbsp;&nbsp; 2248 |
| &nbsp;&nbsp;&nbsp; HBT Financial, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 10 | &nbsp;&nbsp;&nbsp;&nbsp; 263 |
| &nbsp;&nbsp;&nbsp; Heritage Commerce Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 437 | &nbsp;&nbsp;&nbsp;&nbsp; 4338 |
| &nbsp;&nbsp;&nbsp; Hilltop Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 133 | &nbsp;&nbsp;&nbsp;&nbsp; 4451 |
| &nbsp;&nbsp;&nbsp; Home BancShares, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 45 | &nbsp;&nbsp;&nbsp;&nbsp; 1288 |
| &nbsp;&nbsp;&nbsp; HomeTrust Bancshares, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 30 | &nbsp;&nbsp;&nbsp;&nbsp; 1233 |
| &nbsp;&nbsp;&nbsp; Horizon Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 87 | &nbsp;&nbsp;&nbsp;&nbsp; 1397 |
| &nbsp;&nbsp;&nbsp; Independent Bank Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 44 | &nbsp;&nbsp;&nbsp;&nbsp; 3077 |
| &nbsp;&nbsp;&nbsp; Mercantile Bank Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 55 | &nbsp;&nbsp;&nbsp;&nbsp; 2482 |
| &nbsp;&nbsp;&nbsp; Metropolitan Bank Holding Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 49 | &nbsp;&nbsp;&nbsp;&nbsp; 3637 |
| &nbsp;&nbsp;&nbsp; Mid Penn Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 12 | &nbsp;&nbsp;&nbsp;&nbsp; 347 |
| &nbsp;&nbsp;&nbsp; Midland States Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 20 | &nbsp;&nbsp;&nbsp;&nbsp; 345 |
| &nbsp;&nbsp;&nbsp; MidWestOne Financial Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 37 | &nbsp;&nbsp;&nbsp;&nbsp; 1036 |
| &nbsp;&nbsp;&nbsp; National Bank Holdings Corp., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 35 | &nbsp;&nbsp;&nbsp;&nbsp; 1334 |
| &nbsp;&nbsp;&nbsp; Northrim BanCorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 42 | &nbsp;&nbsp;&nbsp;&nbsp; 906 |
| &nbsp;&nbsp;&nbsp; OceanFirst Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 250 | &nbsp;&nbsp;&nbsp;&nbsp; 4384 |
| &nbsp;&nbsp;&nbsp; OFG Bancorp (Puerto Rico) | &nbsp;&nbsp;&nbsp;&nbsp; 112 | &nbsp;&nbsp;&nbsp;&nbsp; 4856 |
| &nbsp;&nbsp;&nbsp; Old National Bancorp | &nbsp;&nbsp;&nbsp;&nbsp; 472 | &nbsp;&nbsp;&nbsp;&nbsp; 10365 |
| &nbsp;&nbsp;&nbsp; Old Second Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 270 | &nbsp;&nbsp;&nbsp;&nbsp; 4669 |
| &nbsp;&nbsp;&nbsp; Origin Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 41 | &nbsp;&nbsp;&nbsp;&nbsp; 1422 |
| &nbsp;&nbsp;&nbsp; Orrstown Financial Services, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 15 | &nbsp;&nbsp;&nbsp;&nbsp; 511 |
| &nbsp;&nbsp;&nbsp; Pathward Financial, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 62 | &nbsp;&nbsp;&nbsp;&nbsp; 4595 |
| &nbsp;&nbsp;&nbsp; Peapack-Gladstone Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 41 | &nbsp;&nbsp;&nbsp;&nbsp; 1124 |
| &nbsp;&nbsp;&nbsp; Pinnacle Financial Partners, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 5 | &nbsp;&nbsp;&nbsp;&nbsp; 463 |
| &nbsp;&nbsp;&nbsp; Provident Financial Services, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 37 | &nbsp;&nbsp;&nbsp;&nbsp; 707 |
| &nbsp;&nbsp;&nbsp; QCR Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 88 | &nbsp;&nbsp;&nbsp;&nbsp; 6652 |
| &nbsp;&nbsp;&nbsp; Renasant Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 78 | &nbsp;&nbsp;&nbsp;&nbsp; 2871 |
| &nbsp;&nbsp;&nbsp; Seacoast Banking Corp. of Florida | &nbsp;&nbsp;&nbsp;&nbsp; 36 | &nbsp;&nbsp;&nbsp;&nbsp; 1102 |
| &nbsp;&nbsp;&nbsp; Sierra Bancorp | &nbsp;&nbsp;&nbsp;&nbsp; 18 | &nbsp;&nbsp;&nbsp;&nbsp; 519 |
| &nbsp;&nbsp;&nbsp; Simmons First National Corp., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 68 | &nbsp;&nbsp;&nbsp;&nbsp; 1299 |
| &nbsp;&nbsp;&nbsp; SmartFinancial, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 15 | &nbsp;&nbsp;&nbsp;&nbsp; 533 |
| &nbsp;&nbsp;&nbsp; South Plains Financial, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 103 | &nbsp;&nbsp;&nbsp;&nbsp; 3972 |
| &nbsp;&nbsp;&nbsp; Southern Missouri Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 14 | &nbsp;&nbsp;&nbsp;&nbsp; 742 |
| &nbsp;&nbsp;&nbsp; Southside Bancshares, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 57 | &nbsp;&nbsp;&nbsp;&nbsp; 1601 |
| &nbsp;&nbsp;&nbsp; SOUTHSTATE BANK Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 30 | &nbsp;&nbsp;&nbsp;&nbsp; 2999 |
| &nbsp;&nbsp;&nbsp; Texas Capital Bancshares, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 28 | &nbsp;&nbsp;&nbsp;&nbsp; 2406 |
| &nbsp;&nbsp;&nbsp; Towne Bank | &nbsp;&nbsp;&nbsp;&nbsp; 62 | &nbsp;&nbsp;&nbsp;&nbsp; 2156 |
| &nbsp;&nbsp;&nbsp; TriCo Bancshares | &nbsp;&nbsp;&nbsp;&nbsp; 40 | &nbsp;&nbsp;&nbsp;&nbsp; 1797 |
| &nbsp;&nbsp;&nbsp; Trustmark Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 20 | &nbsp;&nbsp;&nbsp;&nbsp; 778 |

---

------

**JPMorgan Small Cap Value Fund**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF September 30, 2025 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | &nbsp;&nbsp;&nbsp; **SHARES**<br> &nbsp;&nbsp;&nbsp;&nbsp;**(000)**<br>| &nbsp;&nbsp;&nbsp; **VALUE**<br> **($000)**<br>|
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Banks — continued** | **Banks — continued** | **Banks — continued** |
| &nbsp;&nbsp;&nbsp; UMB Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 48 | &nbsp;&nbsp;&nbsp;&nbsp; 5733 |
| &nbsp;&nbsp;&nbsp; United Bankshares, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 59 | &nbsp;&nbsp;&nbsp;&nbsp; 2181 |
| &nbsp;&nbsp;&nbsp; United Community Banks, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 16 | &nbsp;&nbsp;&nbsp;&nbsp; 487 |
| &nbsp;&nbsp;&nbsp; Unity Bancorp, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 4 | &nbsp;&nbsp;&nbsp;&nbsp; 196 |
| &nbsp;&nbsp;&nbsp; Univest Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 28 | &nbsp;&nbsp;&nbsp;&nbsp; 844 |
| &nbsp;&nbsp;&nbsp; Veritex Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 49 | &nbsp;&nbsp;&nbsp;&nbsp; 1631 |
| &nbsp;&nbsp;&nbsp; WesBanco, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 98 | &nbsp;&nbsp;&nbsp;&nbsp; 3118 |
| &nbsp;&nbsp;&nbsp; Wintrust Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 21 | &nbsp;&nbsp;&nbsp;&nbsp; 2752 |
| &nbsp;&nbsp;&nbsp; WSFS Financial Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 37 | &nbsp;&nbsp;&nbsp;&nbsp; 2002 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 220583 |
| **Beverages — 0.1%** | **Beverages — 0.1%** | **Beverages — 0.1%** |
| &nbsp;&nbsp;&nbsp; MGP Ingredients, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 60 | &nbsp;&nbsp;&nbsp;&nbsp; 1452 |
| **Biotechnology — 4.9%** | **Biotechnology — 4.9%** | **Biotechnology — 4.9%** |
| &nbsp;&nbsp;&nbsp; Agios Pharmaceuticals, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 78 | &nbsp;&nbsp;&nbsp;&nbsp; 3149 |
| &nbsp;&nbsp;&nbsp; Akebia Therapeutics, Inc. \* (a) | &nbsp;&nbsp;&nbsp;&nbsp; 565 | &nbsp;&nbsp;&nbsp;&nbsp; 1544 |
| &nbsp;&nbsp;&nbsp; Akero Therapeutics, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 29 | &nbsp;&nbsp;&nbsp;&nbsp; 1371 |
| &nbsp;&nbsp;&nbsp; Aurinia Pharmaceuticals, Inc. (Canada) \* | &nbsp;&nbsp;&nbsp;&nbsp; 148 | &nbsp;&nbsp;&nbsp;&nbsp; 1640 |
| &nbsp;&nbsp;&nbsp; Avidity Biosciences, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 23 | &nbsp;&nbsp;&nbsp;&nbsp; 1000 |
| &nbsp;&nbsp;&nbsp; Beam Therapeutics, Inc. \* (a) | &nbsp;&nbsp;&nbsp;&nbsp; 143 | &nbsp;&nbsp;&nbsp;&nbsp; 3471 |
| &nbsp;&nbsp;&nbsp; Biohaven Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp; 4 | &nbsp;&nbsp;&nbsp;&nbsp; 54 |
| &nbsp;&nbsp;&nbsp; Celldex Therapeutics, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 54 | &nbsp;&nbsp;&nbsp;&nbsp; 1398 |
| &nbsp;&nbsp;&nbsp; Cidara Therapeutics, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 14 | &nbsp;&nbsp;&nbsp;&nbsp; 1392 |
| &nbsp;&nbsp;&nbsp; Compass Therapeutics, Inc. \* (a) | &nbsp;&nbsp;&nbsp;&nbsp; 1222 | &nbsp;&nbsp;&nbsp;&nbsp; 4278 |
| &nbsp;&nbsp;&nbsp; CRISPR Therapeutics AG (Switzerland) \* (a) | &nbsp;&nbsp;&nbsp;&nbsp; 108 | &nbsp;&nbsp;&nbsp;&nbsp; 6994 |
| &nbsp;&nbsp;&nbsp; Cytokinetics, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 95 | &nbsp;&nbsp;&nbsp;&nbsp; 5226 |
| &nbsp;&nbsp;&nbsp; Denali Therapeutics, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 36 | &nbsp;&nbsp;&nbsp;&nbsp; 531 |
| &nbsp;&nbsp;&nbsp; Enanta Pharmaceuticals, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 71 | &nbsp;&nbsp;&nbsp;&nbsp; 848 |
| &nbsp;&nbsp;&nbsp; Erasca, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 754 | &nbsp;&nbsp;&nbsp;&nbsp; 1643 |
| &nbsp;&nbsp;&nbsp; GRAIL, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 28 | &nbsp;&nbsp;&nbsp;&nbsp; 1660 |
| &nbsp;&nbsp;&nbsp; Intellia Therapeutics, Inc. \* (a) | &nbsp;&nbsp;&nbsp;&nbsp; 73 | &nbsp;&nbsp;&nbsp;&nbsp; 1253 |
| &nbsp;&nbsp;&nbsp; ORIC Pharmaceuticals, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 349 | &nbsp;&nbsp;&nbsp;&nbsp; 4184 |
| &nbsp;&nbsp;&nbsp; Praxis Precision Medicines, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 10 | &nbsp;&nbsp;&nbsp;&nbsp; 526 |
| &nbsp;&nbsp;&nbsp; PTC Therapeutics, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 48 | &nbsp;&nbsp;&nbsp;&nbsp; 2932 |
| &nbsp;&nbsp;&nbsp; Relay Therapeutics, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 250 | &nbsp;&nbsp;&nbsp;&nbsp; 1303 |
| &nbsp;&nbsp;&nbsp; Sana Biotechnology, Inc. \* (a) | &nbsp;&nbsp;&nbsp;&nbsp; 891 | &nbsp;&nbsp;&nbsp;&nbsp; 3163 |
| &nbsp;&nbsp;&nbsp; Syndax Pharmaceuticals, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 116 | &nbsp;&nbsp;&nbsp;&nbsp; 1779 |
| &nbsp;&nbsp;&nbsp; Travere Therapeutics, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 109 | &nbsp;&nbsp;&nbsp;&nbsp; 2598 |
| &nbsp;&nbsp;&nbsp; Upstream Bio, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 11 | &nbsp;&nbsp;&nbsp;&nbsp; 201 |
| &nbsp;&nbsp;&nbsp; Vaxcyte, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 113 | &nbsp;&nbsp;&nbsp;&nbsp; 4074 |
| &nbsp;&nbsp;&nbsp; Viridian Therapeutics, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 137 | &nbsp;&nbsp;&nbsp;&nbsp; 2960 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 61172 |
| **Broadline Retail — 0.3%** | **Broadline Retail — 0.3%** | **Broadline Retail — 0.3%** |
| &nbsp;&nbsp;&nbsp; Kohl's Corp. (a) | &nbsp;&nbsp;&nbsp;&nbsp; 215 | &nbsp;&nbsp;&nbsp;&nbsp; 3306 |
| **Building Products — 2.1%** | **Building Products — 2.1%** | **Building Products — 2.1%** |
| &nbsp;&nbsp;&nbsp; Apogee Enterprises, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 61 | &nbsp;&nbsp;&nbsp;&nbsp; 2654 |

---

------

**JPMorgan Small Cap Value Fund**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF September 30, 2025 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | &nbsp;&nbsp;&nbsp; **SHARES**<br> &nbsp;&nbsp;&nbsp;&nbsp;**(000)**<br>| &nbsp;&nbsp;&nbsp; **VALUE**<br> **($000)**<br>|
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Building Products — continued** | **Building Products — continued** | **Building Products — continued** |
| &nbsp;&nbsp;&nbsp; Griffon Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 78 | &nbsp;&nbsp;&nbsp;&nbsp; 5930 |
| &nbsp;&nbsp;&nbsp; Masterbrand, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 276 | &nbsp;&nbsp;&nbsp;&nbsp; 3640 |
| &nbsp;&nbsp;&nbsp; Resideo Technologies, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 256 | &nbsp;&nbsp;&nbsp;&nbsp; 11056 |
| &nbsp;&nbsp;&nbsp; UFP Industries, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 38 | &nbsp;&nbsp;&nbsp;&nbsp; 3526 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 26806 |
| **Capital Markets — 0.9%** | **Capital Markets — 0.9%** | **Capital Markets — 0.9%** |
| &nbsp;&nbsp;&nbsp; BGC Group, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 158 | &nbsp;&nbsp;&nbsp;&nbsp; 1490 |
| &nbsp;&nbsp;&nbsp; Bullish (Cayman Islands) \* | &nbsp;&nbsp;&nbsp;&nbsp; 43 | &nbsp;&nbsp;&nbsp;&nbsp; 2753 |
| &nbsp;&nbsp;&nbsp; DigitalBridge Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 111 | &nbsp;&nbsp;&nbsp;&nbsp; 1295 |
| &nbsp;&nbsp;&nbsp; Marex Group plc (United Kingdom) | &nbsp;&nbsp;&nbsp;&nbsp; 52 | &nbsp;&nbsp;&nbsp;&nbsp; 1761 |
| &nbsp;&nbsp;&nbsp; StoneX Group, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 19 | &nbsp;&nbsp;&nbsp;&nbsp; 1927 |
| &nbsp;&nbsp;&nbsp; Virtus Investment Partners, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 10 | &nbsp;&nbsp;&nbsp;&nbsp; 1899 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 11125 |
| **Chemicals — 2.1%** | **Chemicals — 2.1%** | **Chemicals — 2.1%** |
| &nbsp;&nbsp;&nbsp; Avient Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 62 | &nbsp;&nbsp;&nbsp;&nbsp; 2034 |
| &nbsp;&nbsp;&nbsp; Ecovyst, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 41 | &nbsp;&nbsp;&nbsp;&nbsp; 360 |
| &nbsp;&nbsp;&nbsp; HB Fuller Co. | &nbsp;&nbsp;&nbsp;&nbsp; 118 | &nbsp;&nbsp;&nbsp;&nbsp; 6997 |
| &nbsp;&nbsp;&nbsp; Innospec, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 35 | &nbsp;&nbsp;&nbsp;&nbsp; 2711 |
| &nbsp;&nbsp;&nbsp; Mativ Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 282 | &nbsp;&nbsp;&nbsp;&nbsp; 3191 |
| &nbsp;&nbsp;&nbsp; Minerals Technologies, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 20 | &nbsp;&nbsp;&nbsp;&nbsp; 1260 |
| &nbsp;&nbsp;&nbsp; Perimeter Solutions, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 282 | &nbsp;&nbsp;&nbsp;&nbsp; 6304 |
| &nbsp;&nbsp;&nbsp; Quaker Chemical Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 21 | &nbsp;&nbsp;&nbsp;&nbsp; 2832 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 25689 |
| **Commercial Services & Supplies — 1.3%** | **Commercial Services & Supplies — 1.3%** | **Commercial Services & Supplies — 1.3%** |
| &nbsp;&nbsp;&nbsp; ABM Industries, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 122 | &nbsp;&nbsp;&nbsp;&nbsp; 5613 |
| &nbsp;&nbsp;&nbsp; ACCO Brands Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 81 | &nbsp;&nbsp;&nbsp;&nbsp; 324 |
| &nbsp;&nbsp;&nbsp; Healthcare Services Group, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 175 | &nbsp;&nbsp;&nbsp;&nbsp; 2953 |
| &nbsp;&nbsp;&nbsp; MillerKnoll, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 129 | &nbsp;&nbsp;&nbsp;&nbsp; 2284 |
| &nbsp;&nbsp;&nbsp; OPENLANE, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 42 | &nbsp;&nbsp;&nbsp;&nbsp; 1199 |
| &nbsp;&nbsp;&nbsp; Steelcase, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 196 | &nbsp;&nbsp;&nbsp;&nbsp; 3369 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 15742 |
| **Communications Equipment — 0.5%** | **Communications Equipment — 0.5%** | **Communications Equipment — 0.5%** |
| &nbsp;&nbsp;&nbsp; NETGEAR, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 120 | &nbsp;&nbsp;&nbsp;&nbsp; 3892 |
| &nbsp;&nbsp;&nbsp; Viasat, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 100 | &nbsp;&nbsp;&nbsp;&nbsp; 2936 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 6828 |
| **Construction & Engineering — 2.2%** | **Construction & Engineering — 2.2%** | **Construction & Engineering — 2.2%** |
| &nbsp;&nbsp;&nbsp; API Group Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 58 | &nbsp;&nbsp;&nbsp;&nbsp; 1993 |
| &nbsp;&nbsp;&nbsp; Arcosa, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 44 | &nbsp;&nbsp;&nbsp;&nbsp; 4076 |
| &nbsp;&nbsp;&nbsp; Fluor Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 76 | &nbsp;&nbsp;&nbsp;&nbsp; 3200 |
| &nbsp;&nbsp;&nbsp; MYR Group, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 32 | &nbsp;&nbsp;&nbsp;&nbsp; 6684 |
| &nbsp;&nbsp;&nbsp; Primoris Services Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 47 | &nbsp;&nbsp;&nbsp;&nbsp; 6395 |
| &nbsp;&nbsp;&nbsp; Tutor Perini Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 86 | &nbsp;&nbsp;&nbsp;&nbsp; 5671 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 28019 |

---

------

**JPMorgan Small Cap Value Fund**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF September 30, 2025 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | &nbsp;&nbsp;&nbsp; **SHARES**<br> &nbsp;&nbsp;&nbsp;&nbsp;**(000)**<br>| &nbsp;&nbsp;&nbsp; **VALUE**<br> **($000)**<br>|
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Consumer Finance — 1.2%** | **Consumer Finance — 1.2%** | **Consumer Finance — 1.2%** |
| &nbsp;&nbsp;&nbsp; Encore Capital Group, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 28 | &nbsp;&nbsp;&nbsp;&nbsp; 1171 |
| &nbsp;&nbsp;&nbsp; Enova International, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 44 | &nbsp;&nbsp;&nbsp;&nbsp; 5041 |
| &nbsp;&nbsp;&nbsp; LendingClub Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 91 | &nbsp;&nbsp;&nbsp;&nbsp; 1383 |
| &nbsp;&nbsp;&nbsp; Navient Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 146 | &nbsp;&nbsp;&nbsp;&nbsp; 1918 |
| &nbsp;&nbsp;&nbsp; Nelnet, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 16 | &nbsp;&nbsp;&nbsp;&nbsp; 2058 |
| &nbsp;&nbsp;&nbsp; PROG Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 107 | &nbsp;&nbsp;&nbsp;&nbsp; 3468 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 15039 |
| **Consumer Staples Distribution & Retail — 0.1%** | **Consumer Staples Distribution & Retail — 0.1%** | **Consumer Staples Distribution & Retail — 0.1%** |
| &nbsp;&nbsp;&nbsp; Andersons, Inc. (The) | &nbsp;&nbsp;&nbsp;&nbsp; 31 | &nbsp;&nbsp;&nbsp;&nbsp; 1216 |
| **Containers & Packaging — 0.6%** | **Containers & Packaging — 0.6%** | **Containers & Packaging — 0.6%** |
| &nbsp;&nbsp;&nbsp; Greif, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 65 | &nbsp;&nbsp;&nbsp;&nbsp; 3870 |
| &nbsp;&nbsp;&nbsp; O-I Glass, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 260 | &nbsp;&nbsp;&nbsp;&nbsp; 3370 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 7240 |
| **Distributors — 0.2%** | **Distributors — 0.2%** | **Distributors — 0.2%** |
| &nbsp;&nbsp;&nbsp; GigaCloud Technology, Inc., Class A (Hong Kong) \* (a) | &nbsp;&nbsp;&nbsp;&nbsp; 109 | &nbsp;&nbsp;&nbsp;&nbsp; 3088 |
| **Diversified Consumer Services — 0.8%** | **Diversified Consumer Services — 0.8%** | **Diversified Consumer Services — 0.8%** |
| &nbsp;&nbsp;&nbsp; Laureate Education, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp; 120 | &nbsp;&nbsp;&nbsp;&nbsp; 3780 |
| &nbsp;&nbsp;&nbsp; McGraw Hill, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 331 | &nbsp;&nbsp;&nbsp;&nbsp; 4153 |
| &nbsp;&nbsp;&nbsp; Perdoceo Education Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 53 | &nbsp;&nbsp;&nbsp;&nbsp; 2017 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 9950 |
| **Diversified REITs — 1.8%** | **Diversified REITs — 1.8%** | **Diversified REITs — 1.8%** |
| &nbsp;&nbsp;&nbsp; Alexander & Baldwin, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 283 | &nbsp;&nbsp;&nbsp;&nbsp; 5149 |
| &nbsp;&nbsp;&nbsp; American Assets Trust, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 97 | &nbsp;&nbsp;&nbsp;&nbsp; 1977 |
| &nbsp;&nbsp;&nbsp; Armada Hoffler Properties, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 20 | &nbsp;&nbsp;&nbsp;&nbsp; 140 |
| &nbsp;&nbsp;&nbsp; Broadstone Net Lease, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 422 | &nbsp;&nbsp;&nbsp;&nbsp; 7532 |
| &nbsp;&nbsp;&nbsp; Essential Properties Realty Trust, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 263 | &nbsp;&nbsp;&nbsp;&nbsp; 7839 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 22637 |
| **Diversified Telecommunication Services — 0.0% ^** | **Diversified Telecommunication Services — 0.0% ^** | **Diversified Telecommunication Services — 0.0% ^** |
| &nbsp;&nbsp;&nbsp; Lumen Technologies, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 98 | &nbsp;&nbsp;&nbsp;&nbsp; 599 |
| **Electric Utilities — 2.1%** | **Electric Utilities — 2.1%** | **Electric Utilities — 2.1%** |
| &nbsp;&nbsp;&nbsp; Genie Energy Ltd., Class B | &nbsp;&nbsp;&nbsp;&nbsp; 19 | &nbsp;&nbsp;&nbsp;&nbsp; 281 |
| &nbsp;&nbsp;&nbsp; IDACORP, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 45 | &nbsp;&nbsp;&nbsp;&nbsp; 5986 |
| &nbsp;&nbsp;&nbsp; Oklo, Inc. \* (a) | &nbsp;&nbsp;&nbsp;&nbsp; 51 | &nbsp;&nbsp;&nbsp;&nbsp; 5710 |
| &nbsp;&nbsp;&nbsp; Otter Tail Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 85 | &nbsp;&nbsp;&nbsp;&nbsp; 6960 |
| &nbsp;&nbsp;&nbsp; Portland General Electric Co. | &nbsp;&nbsp;&nbsp;&nbsp; 165 | &nbsp;&nbsp;&nbsp;&nbsp; 7255 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 26192 |
| **Electrical Equipment — 1.2%** | **Electrical Equipment — 1.2%** | **Electrical Equipment — 1.2%** |
| &nbsp;&nbsp;&nbsp; Atkore, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 66 | &nbsp;&nbsp;&nbsp;&nbsp; 4166 |
| &nbsp;&nbsp;&nbsp; EnerSys | &nbsp;&nbsp;&nbsp;&nbsp; 59 | &nbsp;&nbsp;&nbsp;&nbsp; 6707 |
| &nbsp;&nbsp;&nbsp; Sunrun, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 192 | &nbsp;&nbsp;&nbsp;&nbsp; 3316 |
| &nbsp;&nbsp;&nbsp; Thermon Group Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 48 | &nbsp;&nbsp;&nbsp;&nbsp; 1275 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 15464 |

---

------

**JPMorgan Small Cap Value Fund**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF September 30, 2025 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | &nbsp;&nbsp;&nbsp; **SHARES**<br> &nbsp;&nbsp;&nbsp;&nbsp;**(000)**<br>| &nbsp;&nbsp;&nbsp; **VALUE**<br> **($000)**<br>|
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Electronic Equipment, Instruments & Components — 3.2%** | **Electronic Equipment, Instruments & Components — 3.2%** | **Electronic Equipment, Instruments & Components — 3.2%** |
| &nbsp;&nbsp;&nbsp; Benchmark Electronics, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 64 | &nbsp;&nbsp;&nbsp;&nbsp; 2475 |
| &nbsp;&nbsp;&nbsp; CTS Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 12 | &nbsp;&nbsp;&nbsp;&nbsp; 494 |
| &nbsp;&nbsp;&nbsp; Daktronics, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 134 | &nbsp;&nbsp;&nbsp;&nbsp; 2800 |
| &nbsp;&nbsp;&nbsp; Kimball Electronics, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 66 | &nbsp;&nbsp;&nbsp;&nbsp; 1956 |
| &nbsp;&nbsp;&nbsp; Knowles Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 347 | &nbsp;&nbsp;&nbsp;&nbsp; 8084 |
| &nbsp;&nbsp;&nbsp; nLight, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 30 | &nbsp;&nbsp;&nbsp;&nbsp; 879 |
| &nbsp;&nbsp;&nbsp; Plexus Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 17 | &nbsp;&nbsp;&nbsp;&nbsp; 2497 |
| &nbsp;&nbsp;&nbsp; Sanmina Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 96 | &nbsp;&nbsp;&nbsp;&nbsp; 11105 |
| &nbsp;&nbsp;&nbsp; TTM Technologies, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 93 | &nbsp;&nbsp;&nbsp;&nbsp; 5337 |
| &nbsp;&nbsp;&nbsp; Vishay Intertechnology, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 105 | &nbsp;&nbsp;&nbsp;&nbsp; 1614 |
| &nbsp;&nbsp;&nbsp; Vishay Precision Group, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 73 | &nbsp;&nbsp;&nbsp;&nbsp; 2324 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 39565 |
| **Energy Equipment & Services — 1.9%** | **Energy Equipment & Services — 1.9%** | **Energy Equipment & Services — 1.9%** |
| &nbsp;&nbsp;&nbsp; Bristow Group, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 70 | &nbsp;&nbsp;&nbsp;&nbsp; 2516 |
| &nbsp;&nbsp;&nbsp; DMC Global, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 52 | &nbsp;&nbsp;&nbsp;&nbsp; 441 |
| &nbsp;&nbsp;&nbsp; Forum Energy Technologies, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 80 | &nbsp;&nbsp;&nbsp;&nbsp; 2145 |
| &nbsp;&nbsp;&nbsp; Helix Energy Solutions Group, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 56 | &nbsp;&nbsp;&nbsp;&nbsp; 369 |
| &nbsp;&nbsp;&nbsp; Liberty Energy, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 362 | &nbsp;&nbsp;&nbsp;&nbsp; 4465 |
| &nbsp;&nbsp;&nbsp; Mammoth Energy Services, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 111 | &nbsp;&nbsp;&nbsp;&nbsp; 254 |
| &nbsp;&nbsp;&nbsp; Noble Corp. plc | &nbsp;&nbsp;&nbsp;&nbsp; 40 | &nbsp;&nbsp;&nbsp;&nbsp; 1115 |
| &nbsp;&nbsp;&nbsp; Oceaneering International, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 32 | &nbsp;&nbsp;&nbsp;&nbsp; 790 |
| &nbsp;&nbsp;&nbsp; Oil States International, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 334 | &nbsp;&nbsp;&nbsp;&nbsp; 2023 |
| &nbsp;&nbsp;&nbsp; Patterson-UTI Energy, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 223 | &nbsp;&nbsp;&nbsp;&nbsp; 1156 |
| &nbsp;&nbsp;&nbsp; ProPetro Holding Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 294 | &nbsp;&nbsp;&nbsp;&nbsp; 1541 |
| &nbsp;&nbsp;&nbsp; Ranger Energy Services, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 133 | &nbsp;&nbsp;&nbsp;&nbsp; 1868 |
| &nbsp;&nbsp;&nbsp; Transocean Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp; 1143 | &nbsp;&nbsp;&nbsp;&nbsp; 3567 |
| &nbsp;&nbsp;&nbsp; Valaris Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp; 24 | &nbsp;&nbsp;&nbsp;&nbsp; 1190 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 23440 |
| **Entertainment — 0.3%** | **Entertainment — 0.3%** | **Entertainment — 0.3%** |
| &nbsp;&nbsp;&nbsp; AMC Entertainment Holdings, Inc., Class A \* (a) | &nbsp;&nbsp;&nbsp;&nbsp; 475 | &nbsp;&nbsp;&nbsp;&nbsp; 1378 |
| &nbsp;&nbsp;&nbsp; Cinemark Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 20 | &nbsp;&nbsp;&nbsp;&nbsp; 551 |
| &nbsp;&nbsp;&nbsp; Sphere Entertainment Co. \* (a) | &nbsp;&nbsp;&nbsp;&nbsp; 25 | &nbsp;&nbsp;&nbsp;&nbsp; 1589 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 3518 |
| **Financial Services — 3.9%** | **Financial Services — 3.9%** | **Financial Services — 3.9%** |
| &nbsp;&nbsp;&nbsp; Banco Latinoamericano de Comercio Exterior SA, Class E (Panama) | &nbsp;&nbsp;&nbsp;&nbsp; 51 | &nbsp;&nbsp;&nbsp;&nbsp; 2361 |
| &nbsp;&nbsp;&nbsp; Burford Capital Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 158 | &nbsp;&nbsp;&nbsp;&nbsp; 1894 |
| &nbsp;&nbsp;&nbsp; Compass Diversified Holdings | &nbsp;&nbsp;&nbsp;&nbsp; 26 | &nbsp;&nbsp;&nbsp;&nbsp; 174 |
| &nbsp;&nbsp;&nbsp; Enact Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 59 | &nbsp;&nbsp;&nbsp;&nbsp; 2252 |
| &nbsp;&nbsp;&nbsp; Essent Group Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 109 | &nbsp;&nbsp;&nbsp;&nbsp; 6903 |
| &nbsp;&nbsp;&nbsp; HA Sustainable Infrastructure Capital, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 118 | &nbsp;&nbsp;&nbsp;&nbsp; 3616 |
| &nbsp;&nbsp;&nbsp; Jackson Financial, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 85 | &nbsp;&nbsp;&nbsp;&nbsp; 8569 |
| &nbsp;&nbsp;&nbsp; Merchants Bancorp | &nbsp;&nbsp;&nbsp;&nbsp; 40 | &nbsp;&nbsp;&nbsp;&nbsp; 1261 |
| &nbsp;&nbsp;&nbsp; Mr. Cooper Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 14 | &nbsp;&nbsp;&nbsp;&nbsp; 2976 |
| &nbsp;&nbsp;&nbsp; NMI Holdings, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp; 99 | &nbsp;&nbsp;&nbsp;&nbsp; 3793 |
| &nbsp;&nbsp;&nbsp; PennyMac Financial Services, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 41 | &nbsp;&nbsp;&nbsp;&nbsp; 5107 |

---

------

**JPMorgan Small Cap Value Fund**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF September 30, 2025 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | &nbsp;&nbsp;&nbsp; **SHARES**<br> &nbsp;&nbsp;&nbsp;&nbsp;**(000)**<br>| &nbsp;&nbsp;&nbsp; **VALUE**<br> **($000)**<br>|
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Financial Services — continued** | **Financial Services — continued** | **Financial Services — continued** |
| &nbsp;&nbsp;&nbsp; Radian Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 149 | &nbsp;&nbsp;&nbsp;&nbsp; 5392 |
| &nbsp;&nbsp;&nbsp; Walker & Dunlop, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 52 | &nbsp;&nbsp;&nbsp;&nbsp; 4354 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 48652 |
| **Food Products — 0.6%** | **Food Products — 0.6%** | **Food Products — 0.6%** |
| &nbsp;&nbsp;&nbsp; Cal-Maine Foods, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 11 | &nbsp;&nbsp;&nbsp;&nbsp; 1087 |
| &nbsp;&nbsp;&nbsp; Dole plc | &nbsp;&nbsp;&nbsp;&nbsp; 240 | &nbsp;&nbsp;&nbsp;&nbsp; 3223 |
| &nbsp;&nbsp;&nbsp; Fresh Del Monte Produce, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 59 | &nbsp;&nbsp;&nbsp;&nbsp; 2036 |
| &nbsp;&nbsp;&nbsp; TreeHouse Foods, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 47 | &nbsp;&nbsp;&nbsp;&nbsp; 945 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 7291 |
| **Gas Utilities — 2.0%** | **Gas Utilities — 2.0%** | **Gas Utilities — 2.0%** |
| &nbsp;&nbsp;&nbsp; Chesapeake Utilities Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 26 | &nbsp;&nbsp;&nbsp;&nbsp; 3480 |
| &nbsp;&nbsp;&nbsp; New Jersey Resources Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 130 | &nbsp;&nbsp;&nbsp;&nbsp; 6252 |
| &nbsp;&nbsp;&nbsp; Southwest Gas Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 159 | &nbsp;&nbsp;&nbsp;&nbsp; 12483 |
| &nbsp;&nbsp;&nbsp; Spire, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 32 | &nbsp;&nbsp;&nbsp;&nbsp; 2606 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 24821 |
| **Ground Transportation — 0.2%** | **Ground Transportation — 0.2%** | **Ground Transportation — 0.2%** |
| &nbsp;&nbsp;&nbsp; ArcBest Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 30 | &nbsp;&nbsp;&nbsp;&nbsp; 2108 |
| **Health Care Equipment & Supplies — 1.2%** | **Health Care Equipment & Supplies — 1.2%** | **Health Care Equipment & Supplies — 1.2%** |
| &nbsp;&nbsp;&nbsp; Alphatec Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 225 | &nbsp;&nbsp;&nbsp;&nbsp; 3274 |
| &nbsp;&nbsp;&nbsp; Beta Bionics, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 120 | &nbsp;&nbsp;&nbsp;&nbsp; 2377 |
| &nbsp;&nbsp;&nbsp; Embecta Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 41 | &nbsp;&nbsp;&nbsp;&nbsp; 572 |
| &nbsp;&nbsp;&nbsp; Omnicell, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 164 | &nbsp;&nbsp;&nbsp;&nbsp; 4991 |
| &nbsp;&nbsp;&nbsp; OraSure Technologies, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 204 | &nbsp;&nbsp;&nbsp;&nbsp; 655 |
| &nbsp;&nbsp;&nbsp; Orthofix Medical, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 128 | &nbsp;&nbsp;&nbsp;&nbsp; 1876 |
| &nbsp;&nbsp;&nbsp; Varex Imaging Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 135 | &nbsp;&nbsp;&nbsp;&nbsp; 1676 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 15421 |
| **Health Care Providers & Services — 0.6%** | **Health Care Providers & Services — 0.6%** | **Health Care Providers & Services — 0.6%** |
| &nbsp;&nbsp;&nbsp; Enhabit, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 159 | &nbsp;&nbsp;&nbsp;&nbsp; 1274 |
| &nbsp;&nbsp;&nbsp; Fulgent Genetics, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 22 | &nbsp;&nbsp;&nbsp;&nbsp; 485 |
| &nbsp;&nbsp;&nbsp; Pediatrix Medical Group, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 321 | &nbsp;&nbsp;&nbsp;&nbsp; 5382 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 7141 |
| **Health Care REITs — 0.9%** | **Health Care REITs — 0.9%** | **Health Care REITs — 0.9%** |
| &nbsp;&nbsp;&nbsp; American Healthcare REIT, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 7 | &nbsp;&nbsp;&nbsp;&nbsp; 293 |
| &nbsp;&nbsp;&nbsp; CareTrust REIT, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 192 | &nbsp;&nbsp;&nbsp;&nbsp; 6650 |
| &nbsp;&nbsp;&nbsp; Community Healthcare Trust, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 28 | &nbsp;&nbsp;&nbsp;&nbsp; 427 |
| &nbsp;&nbsp;&nbsp; Sabra Health Care REIT, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 176 | &nbsp;&nbsp;&nbsp;&nbsp; 3284 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 10654 |
| **Health Care Technology — 0.0% ^** | **Health Care Technology — 0.0% ^** | **Health Care Technology — 0.0% ^** |
| &nbsp;&nbsp;&nbsp; Health Catalyst, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 153 | &nbsp;&nbsp;&nbsp;&nbsp; 437 |
| **Hotel & Resort REITs — 1.3%** | **Hotel & Resort REITs — 1.3%** | **Hotel & Resort REITs — 1.3%** |
| &nbsp;&nbsp;&nbsp; Chatham Lodging Trust | &nbsp;&nbsp;&nbsp;&nbsp; 366 | &nbsp;&nbsp;&nbsp;&nbsp; 2456 |
| &nbsp;&nbsp;&nbsp; DiamondRock Hospitality Co. | &nbsp;&nbsp;&nbsp;&nbsp; 509 | &nbsp;&nbsp;&nbsp;&nbsp; 4052 |
| &nbsp;&nbsp;&nbsp; RLJ Lodging Trust | &nbsp;&nbsp;&nbsp;&nbsp; 128 | &nbsp;&nbsp;&nbsp;&nbsp; 920 |

---

------

**JPMorgan Small Cap Value Fund**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF September 30, 2025 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | &nbsp;&nbsp;&nbsp; **SHARES**<br> &nbsp;&nbsp;&nbsp;&nbsp;**(000)**<br>| &nbsp;&nbsp;&nbsp; **VALUE**<br> **($000)**<br>|
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Hotel & Resort REITs — continued** | **Hotel & Resort REITs — continued** | **Hotel & Resort REITs — continued** |
| &nbsp;&nbsp;&nbsp; Ryman Hospitality Properties, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 35 | &nbsp;&nbsp;&nbsp;&nbsp; 3201 |
| &nbsp;&nbsp;&nbsp; Xenia Hotels & Resorts, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 406 | &nbsp;&nbsp;&nbsp;&nbsp; 5568 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 16197 |
| **Hotels, Restaurants & Leisure — 1.2%** | **Hotels, Restaurants & Leisure — 1.2%** | **Hotels, Restaurants & Leisure — 1.2%** |
| &nbsp;&nbsp;&nbsp; Biglari Holdings, Inc., Class B \* | &nbsp;&nbsp;&nbsp;&nbsp; 11 | &nbsp;&nbsp;&nbsp;&nbsp; 3450 |
| &nbsp;&nbsp;&nbsp; BJ's Restaurants, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 30 | &nbsp;&nbsp;&nbsp;&nbsp; 922 |
| &nbsp;&nbsp;&nbsp; Black Rock Coffee Bar, Inc., Class A \* (a) | &nbsp;&nbsp;&nbsp;&nbsp; 9 | &nbsp;&nbsp;&nbsp;&nbsp; 213 |
| &nbsp;&nbsp;&nbsp; Brightstar Lottery plc | &nbsp;&nbsp;&nbsp;&nbsp; 241 | &nbsp;&nbsp;&nbsp;&nbsp; 4156 |
| &nbsp;&nbsp;&nbsp; Jack in the Box, Inc. (a) | &nbsp;&nbsp;&nbsp;&nbsp; 93 | &nbsp;&nbsp;&nbsp;&nbsp; 1830 |
| &nbsp;&nbsp;&nbsp; Marriott Vacations Worldwide Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 45 | &nbsp;&nbsp;&nbsp;&nbsp; 3033 |
| &nbsp;&nbsp;&nbsp; United Parks & Resorts, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 26 | &nbsp;&nbsp;&nbsp;&nbsp; 1329 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 14933 |
| **Household Durables — 2.9%** | **Household Durables — 2.9%** | **Household Durables — 2.9%** |
| &nbsp;&nbsp;&nbsp; Beazer Homes USA, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 48 | &nbsp;&nbsp;&nbsp;&nbsp; 1170 |
| &nbsp;&nbsp;&nbsp; Century Communities, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 37 | &nbsp;&nbsp;&nbsp;&nbsp; 2324 |
| &nbsp;&nbsp;&nbsp; Green Brick Partners, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 33 | &nbsp;&nbsp;&nbsp;&nbsp; 2443 |
| &nbsp;&nbsp;&nbsp; KB Home | &nbsp;&nbsp;&nbsp;&nbsp; 82 | &nbsp;&nbsp;&nbsp;&nbsp; 5213 |
| &nbsp;&nbsp;&nbsp; LGI Homes, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 10 | &nbsp;&nbsp;&nbsp;&nbsp; 510 |
| &nbsp;&nbsp;&nbsp; M/I Homes, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 42 | &nbsp;&nbsp;&nbsp;&nbsp; 6110 |
| &nbsp;&nbsp;&nbsp; Meritage Homes Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 52 | &nbsp;&nbsp;&nbsp;&nbsp; 3783 |
| &nbsp;&nbsp;&nbsp; Taylor Morrison Home Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 111 | &nbsp;&nbsp;&nbsp;&nbsp; 7356 |
| &nbsp;&nbsp;&nbsp; Tri Pointe Homes, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 209 | &nbsp;&nbsp;&nbsp;&nbsp; 7088 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 35997 |
| **Household Products — 0.2%** | **Household Products — 0.2%** | **Household Products — 0.2%** |
| &nbsp;&nbsp;&nbsp; Central Garden & Pet Co., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp; 88 | &nbsp;&nbsp;&nbsp;&nbsp; 2608 |
| **Independent Power and Renewable Electricity Producers — 0.2%** | **Independent Power and Renewable Electricity Producers — 0.2%** | **Independent Power and Renewable Electricity Producers — 0.2%** |
| &nbsp;&nbsp;&nbsp; Clearway Energy, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 74 | &nbsp;&nbsp;&nbsp;&nbsp; 2002 |
| &nbsp;&nbsp;&nbsp; Clearway Energy, Inc., Class C | &nbsp;&nbsp;&nbsp;&nbsp; 16 | &nbsp;&nbsp;&nbsp;&nbsp; 452 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 2454 |
| **Industrial REITs — 0.5%** | **Industrial REITs — 0.5%** | **Industrial REITs — 0.5%** |
| &nbsp;&nbsp;&nbsp; LXP Industrial Trust | &nbsp;&nbsp;&nbsp;&nbsp; 530 | &nbsp;&nbsp;&nbsp;&nbsp; 4750 |
| &nbsp;&nbsp;&nbsp; Plymouth Industrial REIT, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 93 | &nbsp;&nbsp;&nbsp;&nbsp; 2081 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 6831 |
| **Insurance — 1.3%** | **Insurance — 1.3%** | **Insurance — 1.3%** |
| &nbsp;&nbsp;&nbsp; CNO Financial Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 160 | &nbsp;&nbsp;&nbsp;&nbsp; 6334 |
| &nbsp;&nbsp;&nbsp; Fidelis Insurance Holdings Ltd. (United Kingdom) | &nbsp;&nbsp;&nbsp;&nbsp; 138 | &nbsp;&nbsp;&nbsp;&nbsp; 2498 |
| &nbsp;&nbsp;&nbsp; Hamilton Insurance Group Ltd., Class B (Bermuda) \* | &nbsp;&nbsp;&nbsp;&nbsp; 109 | &nbsp;&nbsp;&nbsp;&nbsp; 2715 |
| &nbsp;&nbsp;&nbsp; Heritage Insurance Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 19 | &nbsp;&nbsp;&nbsp;&nbsp; 475 |
| &nbsp;&nbsp;&nbsp; RLI Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 19 | &nbsp;&nbsp;&nbsp;&nbsp; 1250 |
| &nbsp;&nbsp;&nbsp; Safety Insurance Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 25 | &nbsp;&nbsp;&nbsp;&nbsp; 1760 |
| &nbsp;&nbsp;&nbsp; Selective Insurance Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 8 | &nbsp;&nbsp;&nbsp;&nbsp; 641 |
| &nbsp;&nbsp;&nbsp; SiriusPoint Ltd. (Sweden) \* | &nbsp;&nbsp;&nbsp;&nbsp; 50 | &nbsp;&nbsp;&nbsp;&nbsp; 909 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 16582 |

---

------

**JPMorgan Small Cap Value Fund**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF September 30, 2025 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | &nbsp;&nbsp;&nbsp; **SHARES**<br> &nbsp;&nbsp;&nbsp;&nbsp;**(000)**<br>| &nbsp;&nbsp;&nbsp; **VALUE**<br> **($000)**<br>|
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Interactive Media & Services — 0.1%** | **Interactive Media & Services — 0.1%** | **Interactive Media & Services — 0.1%** |
| &nbsp;&nbsp;&nbsp; Cars.com, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 95 | &nbsp;&nbsp;&nbsp;&nbsp; 1156 |
| &nbsp;&nbsp;&nbsp; QuinStreet, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 19 | &nbsp;&nbsp;&nbsp;&nbsp; 298 |
| &nbsp;&nbsp;&nbsp; Shutterstock, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 15 | &nbsp;&nbsp;&nbsp;&nbsp; 311 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 1765 |
| **IT Services — 0.6%** | **IT Services — 0.6%** | **IT Services — 0.6%** |
| &nbsp;&nbsp;&nbsp; ASGN, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 48 | &nbsp;&nbsp;&nbsp;&nbsp; 2293 |
| &nbsp;&nbsp;&nbsp; BigBear.ai Holdings, Inc. \* (a) | &nbsp;&nbsp;&nbsp;&nbsp; 599 | &nbsp;&nbsp;&nbsp;&nbsp; 3902 |
| &nbsp;&nbsp;&nbsp; Unisys Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 343 | &nbsp;&nbsp;&nbsp;&nbsp; 1338 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 7533 |
| **Leisure Products — 0.8%** | **Leisure Products — 0.8%** | **Leisure Products — 0.8%** |
| &nbsp;&nbsp;&nbsp; Funko, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp; 295 | &nbsp;&nbsp;&nbsp;&nbsp; 1014 |
| &nbsp;&nbsp;&nbsp; MasterCraft Boat Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 55 | &nbsp;&nbsp;&nbsp;&nbsp; 1175 |
| &nbsp;&nbsp;&nbsp; Peloton Interactive, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp; 400 | &nbsp;&nbsp;&nbsp;&nbsp; 3604 |
| &nbsp;&nbsp;&nbsp; Polaris, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 42 | &nbsp;&nbsp;&nbsp;&nbsp; 2434 |
| &nbsp;&nbsp;&nbsp; Topgolf Callaway Brands Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 193 | &nbsp;&nbsp;&nbsp;&nbsp; 1832 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 10059 |
| **Life Sciences Tools & Services — 0.4%** | **Life Sciences Tools & Services — 0.4%** | **Life Sciences Tools & Services — 0.4%** |
| &nbsp;&nbsp;&nbsp; 10X Genomics, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp; 266 | &nbsp;&nbsp;&nbsp;&nbsp; 3112 |
| &nbsp;&nbsp;&nbsp; Cytek Biosciences, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 198 | &nbsp;&nbsp;&nbsp;&nbsp; 688 |
| &nbsp;&nbsp;&nbsp; Fortrea Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 173 | &nbsp;&nbsp;&nbsp;&nbsp; 1456 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 5256 |
| **Machinery — 1.0%** | **Machinery — 1.0%** | **Machinery — 1.0%** |
| &nbsp;&nbsp;&nbsp; Blue Bird Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 38 | &nbsp;&nbsp;&nbsp;&nbsp; 2186 |
| &nbsp;&nbsp;&nbsp; Hillenbrand, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 68 | &nbsp;&nbsp;&nbsp;&nbsp; 1837 |
| &nbsp;&nbsp;&nbsp; Hillman Solutions Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 283 | &nbsp;&nbsp;&nbsp;&nbsp; 2599 |
| &nbsp;&nbsp;&nbsp; Mueller Industries, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 31 | &nbsp;&nbsp;&nbsp;&nbsp; 3140 |
| &nbsp;&nbsp;&nbsp; Terex Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 55 | &nbsp;&nbsp;&nbsp;&nbsp; 2797 |
| &nbsp;&nbsp;&nbsp; Worthington Enterprises, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 5 | &nbsp;&nbsp;&nbsp;&nbsp; 282 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 12841 |
| **Marine Transportation — 0.6%** | **Marine Transportation — 0.6%** | **Marine Transportation — 0.6%** |
| &nbsp;&nbsp;&nbsp; Costamare Bulkers Holdings Ltd. (Monaco) \* | &nbsp;&nbsp;&nbsp;&nbsp; 17 | &nbsp;&nbsp;&nbsp;&nbsp; 239 |
| &nbsp;&nbsp;&nbsp; Costamare, Inc. (Monaco) | &nbsp;&nbsp;&nbsp;&nbsp; 310 | &nbsp;&nbsp;&nbsp;&nbsp; 3697 |
| &nbsp;&nbsp;&nbsp; Matson, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 26 | &nbsp;&nbsp;&nbsp;&nbsp; 2554 |
| &nbsp;&nbsp;&nbsp; Safe Bulkers, Inc. (Monaco) | &nbsp;&nbsp;&nbsp;&nbsp; 146 | &nbsp;&nbsp;&nbsp;&nbsp; 648 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 7138 |
| **Media — 1.4%** | **Media — 1.4%** | **Media — 1.4%** |
| &nbsp;&nbsp;&nbsp; AMC Networks, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp; 63 | &nbsp;&nbsp;&nbsp;&nbsp; 516 |
| &nbsp;&nbsp;&nbsp; EchoStar Corp., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp; 121 | &nbsp;&nbsp;&nbsp;&nbsp; 9265 |
| &nbsp;&nbsp;&nbsp; Gray Media, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 119 | &nbsp;&nbsp;&nbsp;&nbsp; 687 |
| &nbsp;&nbsp;&nbsp; John Wiley & Sons, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 73 | &nbsp;&nbsp;&nbsp;&nbsp; 2952 |
| &nbsp;&nbsp;&nbsp; Scholastic Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 81 | &nbsp;&nbsp;&nbsp;&nbsp; 2229 |
| &nbsp;&nbsp;&nbsp; Stagwell, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 315 | &nbsp;&nbsp;&nbsp;&nbsp; 1775 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 17424 |

---

------

**JPMorgan Small Cap Value Fund**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF September 30, 2025 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | &nbsp;&nbsp;&nbsp; **SHARES**<br> &nbsp;&nbsp;&nbsp;&nbsp;**(000)**<br>| &nbsp;&nbsp;&nbsp; **VALUE**<br> **($000)**<br>|
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Metals & Mining — 3.4%** | **Metals & Mining — 3.4%** | **Metals & Mining — 3.4%** |
| &nbsp;&nbsp;&nbsp; Coeur Mining, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 524 | &nbsp;&nbsp;&nbsp;&nbsp; 9836 |
| &nbsp;&nbsp;&nbsp; Commercial Metals Co. | &nbsp;&nbsp;&nbsp;&nbsp; 131 | &nbsp;&nbsp;&nbsp;&nbsp; 7502 |
| &nbsp;&nbsp;&nbsp; Constellium SE \* | &nbsp;&nbsp;&nbsp;&nbsp; 371 | &nbsp;&nbsp;&nbsp;&nbsp; 5518 |
| &nbsp;&nbsp;&nbsp; Hecla Mining Co. | &nbsp;&nbsp;&nbsp;&nbsp; 572 | &nbsp;&nbsp;&nbsp;&nbsp; 6924 |
| &nbsp;&nbsp;&nbsp; Materion Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 36 | &nbsp;&nbsp;&nbsp;&nbsp; 4332 |
| &nbsp;&nbsp;&nbsp; SSR Mining, Inc. (Canada) \* | &nbsp;&nbsp;&nbsp;&nbsp; 135 | &nbsp;&nbsp;&nbsp;&nbsp; 3301 |
| &nbsp;&nbsp;&nbsp; SunCoke Energy, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 77 | &nbsp;&nbsp;&nbsp;&nbsp; 627 |
| &nbsp;&nbsp;&nbsp; Warrior Met Coal, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 60 | &nbsp;&nbsp;&nbsp;&nbsp; 3805 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 41845 |
| **Mortgage Real Estate Investment Trusts (REITs) — 1.3%** | **Mortgage Real Estate Investment Trusts (REITs) — 1.3%** | **Mortgage Real Estate Investment Trusts (REITs) — 1.3%** |
| &nbsp;&nbsp;&nbsp; Adamas Trust, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 154 | &nbsp;&nbsp;&nbsp;&nbsp; 1072 |
| &nbsp;&nbsp;&nbsp; Apollo Commercial Real Estate Finance, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 129 | &nbsp;&nbsp;&nbsp;&nbsp; 1310 |
| &nbsp;&nbsp;&nbsp; Brightspire Capital, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 570 | &nbsp;&nbsp;&nbsp;&nbsp; 3092 |
| &nbsp;&nbsp;&nbsp; KKR Real Estate Finance Trust, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 123 | &nbsp;&nbsp;&nbsp;&nbsp; 1106 |
| &nbsp;&nbsp;&nbsp; Ladder Capital Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 728 | &nbsp;&nbsp;&nbsp;&nbsp; 7941 |
| &nbsp;&nbsp;&nbsp; Redwood Trust, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 78 | &nbsp;&nbsp;&nbsp;&nbsp; 452 |
| &nbsp;&nbsp;&nbsp; TPG RE Finance Trust, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 190 | &nbsp;&nbsp;&nbsp;&nbsp; 1629 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 16602 |
| **Multi-Utilities — 1.1%** | **Multi-Utilities — 1.1%** | **Multi-Utilities — 1.1%** |
| &nbsp;&nbsp;&nbsp; Avista Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 16 | &nbsp;&nbsp;&nbsp;&nbsp; 606 |
| &nbsp;&nbsp;&nbsp; Black Hills Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 93 | &nbsp;&nbsp;&nbsp;&nbsp; 5745 |
| &nbsp;&nbsp;&nbsp; Northwestern Energy Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 30 | &nbsp;&nbsp;&nbsp;&nbsp; 1722 |
| &nbsp;&nbsp;&nbsp; Unitil Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 115 | &nbsp;&nbsp;&nbsp;&nbsp; 5502 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 13575 |
| **Office REITs — 1.7%** | **Office REITs — 1.7%** | **Office REITs — 1.7%** |
| &nbsp;&nbsp;&nbsp; City Office REIT, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 65 | &nbsp;&nbsp;&nbsp;&nbsp; 451 |
| &nbsp;&nbsp;&nbsp; COPT Defense Properties | &nbsp;&nbsp;&nbsp;&nbsp; 281 | &nbsp;&nbsp;&nbsp;&nbsp; 8173 |
| &nbsp;&nbsp;&nbsp; Empire State Realty Trust, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 348 | &nbsp;&nbsp;&nbsp;&nbsp; 2666 |
| &nbsp;&nbsp;&nbsp; Paramount Group, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 178 | &nbsp;&nbsp;&nbsp;&nbsp; 1166 |
| &nbsp;&nbsp;&nbsp; Piedmont Realty Trust, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 466 | &nbsp;&nbsp;&nbsp;&nbsp; 4188 |
| &nbsp;&nbsp;&nbsp; Postal Realty Trust, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 62 | &nbsp;&nbsp;&nbsp;&nbsp; 975 |
| &nbsp;&nbsp;&nbsp; SL Green Realty Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 61 | &nbsp;&nbsp;&nbsp;&nbsp; 3650 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 21269 |
| **Oil, Gas & Consumable Fuels — 4.9%** | **Oil, Gas & Consumable Fuels — 4.9%** | **Oil, Gas & Consumable Fuels — 4.9%** |
| &nbsp;&nbsp;&nbsp; Berry Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 384 | &nbsp;&nbsp;&nbsp;&nbsp; 1451 |
| &nbsp;&nbsp;&nbsp; California Resources Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 22 | &nbsp;&nbsp;&nbsp;&nbsp; 1166 |
| &nbsp;&nbsp;&nbsp; Centrus Energy Corp., Class A \* (a) | &nbsp;&nbsp;&nbsp;&nbsp; 3 | &nbsp;&nbsp;&nbsp;&nbsp; 948 |
| &nbsp;&nbsp;&nbsp; Chord Energy Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 16 | &nbsp;&nbsp;&nbsp;&nbsp; 1578 |
| &nbsp;&nbsp;&nbsp; Clean Energy Fuels Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 817 | &nbsp;&nbsp;&nbsp;&nbsp; 2109 |
| &nbsp;&nbsp;&nbsp; CNX Resources Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 88 | &nbsp;&nbsp;&nbsp;&nbsp; 2839 |
| &nbsp;&nbsp;&nbsp; Core Natural Resources, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 26 | &nbsp;&nbsp;&nbsp;&nbsp; 2137 |
| &nbsp;&nbsp;&nbsp; Energy Fuels, Inc. \* (a) | &nbsp;&nbsp;&nbsp;&nbsp; 219 | &nbsp;&nbsp;&nbsp;&nbsp; 3354 |
| &nbsp;&nbsp;&nbsp; Excelerate Energy, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 74 | &nbsp;&nbsp;&nbsp;&nbsp; 1864 |
| &nbsp;&nbsp;&nbsp; Gulfport Energy Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 19 | &nbsp;&nbsp;&nbsp;&nbsp; 3527 |
| &nbsp;&nbsp;&nbsp; International Seaways, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 43 | &nbsp;&nbsp;&nbsp;&nbsp; 1983 |

---

------

**JPMorgan Small Cap Value Fund**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF September 30, 2025 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | &nbsp;&nbsp;&nbsp; **SHARES**<br> &nbsp;&nbsp;&nbsp;&nbsp;**(000)**<br>| &nbsp;&nbsp;&nbsp; **VALUE**<br> **($000)**<br>|
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Oil, Gas & Consumable Fuels — continued** | **Oil, Gas & Consumable Fuels — continued** | **Oil, Gas & Consumable Fuels — continued** |
| &nbsp;&nbsp;&nbsp; Magnolia Oil & Gas Corp., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 50 | &nbsp;&nbsp;&nbsp;&nbsp; 1183 |
| &nbsp;&nbsp;&nbsp; Matador Resources Co. | &nbsp;&nbsp;&nbsp;&nbsp; 69 | &nbsp;&nbsp;&nbsp;&nbsp; 3119 |
| &nbsp;&nbsp;&nbsp; Murphy Oil Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 70 | &nbsp;&nbsp;&nbsp;&nbsp; 1984 |
| &nbsp;&nbsp;&nbsp; New Fortress Energy, Inc. \* (a) | &nbsp;&nbsp;&nbsp;&nbsp; 244 | &nbsp;&nbsp;&nbsp;&nbsp; 539 |
| &nbsp;&nbsp;&nbsp; Ovintiv, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 68 | &nbsp;&nbsp;&nbsp;&nbsp; 2759 |
| &nbsp;&nbsp;&nbsp; Par Pacific Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 141 | &nbsp;&nbsp;&nbsp;&nbsp; 4992 |
| &nbsp;&nbsp;&nbsp; PBF Energy, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 76 | &nbsp;&nbsp;&nbsp;&nbsp; 2281 |
| &nbsp;&nbsp;&nbsp; Peabody Energy Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 272 | &nbsp;&nbsp;&nbsp;&nbsp; 7227 |
| &nbsp;&nbsp;&nbsp; Scorpio Tankers, Inc. (Monaco) | &nbsp;&nbsp;&nbsp;&nbsp; 18 | &nbsp;&nbsp;&nbsp;&nbsp; 998 |
| &nbsp;&nbsp;&nbsp; SM Energy Co. | &nbsp;&nbsp;&nbsp;&nbsp; 52 | &nbsp;&nbsp;&nbsp;&nbsp; 1310 |
| &nbsp;&nbsp;&nbsp; Teekay Corp. Ltd. (Bermuda) | &nbsp;&nbsp;&nbsp;&nbsp; 272 | &nbsp;&nbsp;&nbsp;&nbsp; 2223 |
| &nbsp;&nbsp;&nbsp; Teekay Tankers Ltd., Class A (Canada) | &nbsp;&nbsp;&nbsp;&nbsp; 144 | &nbsp;&nbsp;&nbsp;&nbsp; 7284 |
| &nbsp;&nbsp;&nbsp; World Kinect Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 86 | &nbsp;&nbsp;&nbsp;&nbsp; 2232 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 61087 |
| **Passenger Airlines — 0.5%** | **Passenger Airlines — 0.5%** | **Passenger Airlines — 0.5%** |
| &nbsp;&nbsp;&nbsp; SkyWest, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 59 | &nbsp;&nbsp;&nbsp;&nbsp; 5924 |
| **Personal Care Products — 0.2%** | **Personal Care Products — 0.2%** | **Personal Care Products — 0.2%** |
| &nbsp;&nbsp;&nbsp; BellRing Brands, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 23 | &nbsp;&nbsp;&nbsp;&nbsp; 831 |
| &nbsp;&nbsp;&nbsp; Nature's Sunshine Products, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 71 | &nbsp;&nbsp;&nbsp;&nbsp; 1110 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 1941 |
| **Pharmaceuticals — 0.5%** | **Pharmaceuticals — 0.5%** | **Pharmaceuticals — 0.5%** |
| &nbsp;&nbsp;&nbsp; Alumis, Inc. \* (a) | &nbsp;&nbsp;&nbsp;&nbsp; 152 | &nbsp;&nbsp;&nbsp;&nbsp; 608 |
| &nbsp;&nbsp;&nbsp; Atea Pharmaceuticals, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 168 | &nbsp;&nbsp;&nbsp;&nbsp; 487 |
| &nbsp;&nbsp;&nbsp; Nuvation Bio, Inc. \* (a) | &nbsp;&nbsp;&nbsp;&nbsp; 354 | &nbsp;&nbsp;&nbsp;&nbsp; 1311 |
| &nbsp;&nbsp;&nbsp; Prestige Consumer Healthcare, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 33 | &nbsp;&nbsp;&nbsp;&nbsp; 2060 |
| &nbsp;&nbsp;&nbsp; WaVe Life Sciences Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp; 212 | &nbsp;&nbsp;&nbsp;&nbsp; 1549 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 6015 |
| **Professional Services — 0.6%** | **Professional Services — 0.6%** | **Professional Services — 0.6%** |
| &nbsp;&nbsp;&nbsp; Alight, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 84 | &nbsp;&nbsp;&nbsp;&nbsp; 276 |
| &nbsp;&nbsp;&nbsp; Barrett Business Services, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 26 | &nbsp;&nbsp;&nbsp;&nbsp; 1141 |
| &nbsp;&nbsp;&nbsp; Heidrick & Struggles International, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 67 | &nbsp;&nbsp;&nbsp;&nbsp; 3342 |
| &nbsp;&nbsp;&nbsp; IBEX Holdings Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp; 38 | &nbsp;&nbsp;&nbsp;&nbsp; 1523 |
| &nbsp;&nbsp;&nbsp; Kelly Services, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 90 | &nbsp;&nbsp;&nbsp;&nbsp; 1181 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 7463 |
| **Real Estate Management & Development — 0.6%** | **Real Estate Management & Development — 0.6%** | **Real Estate Management & Development — 0.6%** |
| &nbsp;&nbsp;&nbsp; Cushman & Wakefield plc \* | &nbsp;&nbsp;&nbsp;&nbsp; 129 | &nbsp;&nbsp;&nbsp;&nbsp; 2060 |
| &nbsp;&nbsp;&nbsp; Newmark Group, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 237 | &nbsp;&nbsp;&nbsp;&nbsp; 4415 |
| &nbsp;&nbsp;&nbsp; RE/MAX Holdings, Inc., Class A \* | &nbsp;&nbsp;&nbsp;&nbsp; 125 | &nbsp;&nbsp;&nbsp;&nbsp; 1182 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 7657 |
| **Residential REITs — 0.4%** | **Residential REITs — 0.4%** | **Residential REITs — 0.4%** |
| &nbsp;&nbsp;&nbsp; Independence Realty Trust, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 217 | &nbsp;&nbsp;&nbsp;&nbsp; 3559 |
| &nbsp;&nbsp;&nbsp; UMH Properties, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 39 | &nbsp;&nbsp;&nbsp;&nbsp; 580 |
| &nbsp;&nbsp;&nbsp; Veris Residential, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 66 | &nbsp;&nbsp;&nbsp;&nbsp; 1006 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 5145 |

---

------

**JPMorgan Small Cap Value Fund**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF September 30, 2025 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | &nbsp;&nbsp;&nbsp; **SHARES**<br> &nbsp;&nbsp;&nbsp;&nbsp;**(000)**<br>| &nbsp;&nbsp;&nbsp; **VALUE**<br> **($000)**<br>|
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Retail REITs — 1.7%** | **Retail REITs — 1.7%** | **Retail REITs — 1.7%** |
| &nbsp;&nbsp;&nbsp; Agree Realty Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 6 | &nbsp;&nbsp;&nbsp;&nbsp; 444 |
| &nbsp;&nbsp;&nbsp; Curbline Properties Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 129 | &nbsp;&nbsp;&nbsp;&nbsp; 2863 |
| &nbsp;&nbsp;&nbsp; Getty Realty Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 28 | &nbsp;&nbsp;&nbsp;&nbsp; 754 |
| &nbsp;&nbsp;&nbsp; InvenTrust Properties Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 109 | &nbsp;&nbsp;&nbsp;&nbsp; 3122 |
| &nbsp;&nbsp;&nbsp; Kite Realty Group Trust | &nbsp;&nbsp;&nbsp;&nbsp; 239 | &nbsp;&nbsp;&nbsp;&nbsp; 5334 |
| &nbsp;&nbsp;&nbsp; Macerich Co. (The) | &nbsp;&nbsp;&nbsp;&nbsp; 98 | &nbsp;&nbsp;&nbsp;&nbsp; 1787 |
| &nbsp;&nbsp;&nbsp; NETSTREIT Corp. (a) | &nbsp;&nbsp;&nbsp;&nbsp; 54 | &nbsp;&nbsp;&nbsp;&nbsp; 972 |
| &nbsp;&nbsp;&nbsp; Phillips Edison & Co., Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 162 | &nbsp;&nbsp;&nbsp;&nbsp; 5562 |
| &nbsp;&nbsp;&nbsp; Tanger, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 16 | &nbsp;&nbsp;&nbsp;&nbsp; 538 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 21376 |
| **Semiconductors & Semiconductor Equipment — 1.1%** | **Semiconductors & Semiconductor Equipment — 1.1%** | **Semiconductors & Semiconductor Equipment — 1.1%** |
| &nbsp;&nbsp;&nbsp; Ambarella, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 19 | &nbsp;&nbsp;&nbsp;&nbsp; 1589 |
| &nbsp;&nbsp;&nbsp; Diodes, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 81 | &nbsp;&nbsp;&nbsp;&nbsp; 4329 |
| &nbsp;&nbsp;&nbsp; Ichor Holdings Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp; 21 | &nbsp;&nbsp;&nbsp;&nbsp; 366 |
| &nbsp;&nbsp;&nbsp; Navitas Semiconductor Corp. \* (a) | &nbsp;&nbsp;&nbsp;&nbsp; 303 | &nbsp;&nbsp;&nbsp;&nbsp; 2190 |
| &nbsp;&nbsp;&nbsp; Penguin Solutions, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 150 | &nbsp;&nbsp;&nbsp;&nbsp; 3926 |
| &nbsp;&nbsp;&nbsp; Veeco Instruments, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 55 | &nbsp;&nbsp;&nbsp;&nbsp; 1655 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 14055 |
| **Software — 3.6%** | **Software — 3.6%** | **Software — 3.6%** |
| &nbsp;&nbsp;&nbsp; Adeia, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 243 | &nbsp;&nbsp;&nbsp;&nbsp; 4080 |
| &nbsp;&nbsp;&nbsp; Cerence, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 59 | &nbsp;&nbsp;&nbsp;&nbsp; 733 |
| &nbsp;&nbsp;&nbsp; Cipher Mining, Inc. \* (a) | &nbsp;&nbsp;&nbsp;&nbsp; 254 | &nbsp;&nbsp;&nbsp;&nbsp; 3196 |
| &nbsp;&nbsp;&nbsp; Consensus Cloud Solutions, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 52 | &nbsp;&nbsp;&nbsp;&nbsp; 1517 |
| &nbsp;&nbsp;&nbsp; Digital Turbine, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 170 | &nbsp;&nbsp;&nbsp;&nbsp; 1091 |
| &nbsp;&nbsp;&nbsp; D-Wave Quantum, Inc. (Canada) \* (a) | &nbsp;&nbsp;&nbsp;&nbsp; 121 | &nbsp;&nbsp;&nbsp;&nbsp; 2994 |
| &nbsp;&nbsp;&nbsp; Hut 8 Corp. (Canada) \* (a) | &nbsp;&nbsp;&nbsp;&nbsp; 86 | &nbsp;&nbsp;&nbsp;&nbsp; 2984 |
| &nbsp;&nbsp;&nbsp; LiveRamp Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 150 | &nbsp;&nbsp;&nbsp;&nbsp; 4056 |
| &nbsp;&nbsp;&nbsp; MARA Holdings, Inc. \* (a) | &nbsp;&nbsp;&nbsp;&nbsp; 416 | &nbsp;&nbsp;&nbsp;&nbsp; 7600 |
| &nbsp;&nbsp;&nbsp; NCR Voyix Corp. \* | &nbsp;&nbsp;&nbsp;&nbsp; 144 | &nbsp;&nbsp;&nbsp;&nbsp; 1808 |
| &nbsp;&nbsp;&nbsp; ON24, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 236 | &nbsp;&nbsp;&nbsp;&nbsp; 1351 |
| &nbsp;&nbsp;&nbsp; OneSpan, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 141 | &nbsp;&nbsp;&nbsp;&nbsp; 2247 |
| &nbsp;&nbsp;&nbsp; Porch Group, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 81 | &nbsp;&nbsp;&nbsp;&nbsp; 1360 |
| &nbsp;&nbsp;&nbsp; Riot Platforms, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 333 | &nbsp;&nbsp;&nbsp;&nbsp; 6335 |
| &nbsp;&nbsp;&nbsp; Verint Systems, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 84 | &nbsp;&nbsp;&nbsp;&nbsp; 1704 |
| &nbsp;&nbsp;&nbsp; Xperi, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 351 | &nbsp;&nbsp;&nbsp;&nbsp; 2274 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 45330 |
| **Specialized REITs — 1.0%** | **Specialized REITs — 1.0%** | **Specialized REITs — 1.0%** |
| &nbsp;&nbsp;&nbsp; Four Corners Property Trust, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 42 | &nbsp;&nbsp;&nbsp;&nbsp; 1032 |
| &nbsp;&nbsp;&nbsp; Outfront Media, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 67 | &nbsp;&nbsp;&nbsp;&nbsp; 1220 |
| &nbsp;&nbsp;&nbsp; PotlatchDeltic Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 196 | &nbsp;&nbsp;&nbsp;&nbsp; 8001 |
| &nbsp;&nbsp;&nbsp; Smartstop Self Storage REIT, Inc. (a) | &nbsp;&nbsp;&nbsp;&nbsp; 43 | &nbsp;&nbsp;&nbsp;&nbsp; 1598 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 11851 |
| **Specialty Retail — 3.1%** | **Specialty Retail — 3.1%** | **Specialty Retail — 3.1%** |
| &nbsp;&nbsp;&nbsp; Advance Auto Parts, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 45 | &nbsp;&nbsp;&nbsp;&nbsp; 2742 |
| &nbsp;&nbsp;&nbsp; American Eagle Outfitters, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 191 | &nbsp;&nbsp;&nbsp;&nbsp; 3274 |

---

------

**JPMorgan Small Cap Value Fund**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF September 30, 2025 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS** | &nbsp;&nbsp;&nbsp; **SHARES**<br> &nbsp;&nbsp;&nbsp;&nbsp;**(000)**<br>| &nbsp;&nbsp;&nbsp; **VALUE**<br> **($000)**<br>|
| **Common Stocks — continued** | **Common Stocks — continued** | **Common Stocks — continued** |
| **Specialty Retail — continued** | **Specialty Retail — continued** | **Specialty Retail — continued** |
| &nbsp;&nbsp;&nbsp; Asbury Automotive Group, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 17 | &nbsp;&nbsp;&nbsp;&nbsp; 4091 |
| &nbsp;&nbsp;&nbsp; Buckle, Inc. (The) | &nbsp;&nbsp;&nbsp;&nbsp; 35 | &nbsp;&nbsp;&nbsp;&nbsp; 2040 |
| &nbsp;&nbsp;&nbsp; EVgo, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 229 | &nbsp;&nbsp;&nbsp;&nbsp; 1084 |
| &nbsp;&nbsp;&nbsp; Genesco, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 55 | &nbsp;&nbsp;&nbsp;&nbsp; 1587 |
| &nbsp;&nbsp;&nbsp; Group 1 Automotive, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 4 | &nbsp;&nbsp;&nbsp;&nbsp; 1978 |
| &nbsp;&nbsp;&nbsp; National Vision Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 62 | &nbsp;&nbsp;&nbsp;&nbsp; 1800 |
| &nbsp;&nbsp;&nbsp; RealReal, Inc. (The) \* | &nbsp;&nbsp;&nbsp;&nbsp; 274 | &nbsp;&nbsp;&nbsp;&nbsp; 2917 |
| &nbsp;&nbsp;&nbsp; Signet Jewelers Ltd. | &nbsp;&nbsp;&nbsp;&nbsp; 101 | &nbsp;&nbsp;&nbsp;&nbsp; 9679 |
| &nbsp;&nbsp;&nbsp; Sonic Automotive, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 23 | &nbsp;&nbsp;&nbsp;&nbsp; 1748 |
| &nbsp;&nbsp;&nbsp; Urban Outfitters, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 53 | &nbsp;&nbsp;&nbsp;&nbsp; 3805 |
| &nbsp;&nbsp;&nbsp; Victoria's Secret & Co. \* | &nbsp;&nbsp;&nbsp;&nbsp; 92 | &nbsp;&nbsp;&nbsp;&nbsp; 2492 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 39237 |
| **Textiles, Apparel & Luxury Goods — 0.3%** | **Textiles, Apparel & Luxury Goods — 0.3%** | **Textiles, Apparel & Luxury Goods — 0.3%** |
| &nbsp;&nbsp;&nbsp; Capri Holdings Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp; 164 | &nbsp;&nbsp;&nbsp;&nbsp; 3265 |
| **Trading Companies & Distributors — 2.0%** | **Trading Companies & Distributors — 2.0%** | **Trading Companies & Distributors — 2.0%** |
| &nbsp;&nbsp;&nbsp; BlueLinx Holdings, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 12 | &nbsp;&nbsp;&nbsp;&nbsp; 891 |
| &nbsp;&nbsp;&nbsp; Boise Cascade Co. | &nbsp;&nbsp;&nbsp;&nbsp; 46 | &nbsp;&nbsp;&nbsp;&nbsp; 3559 |
| &nbsp;&nbsp;&nbsp; DNOW, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 293 | &nbsp;&nbsp;&nbsp;&nbsp; 4462 |
| &nbsp;&nbsp;&nbsp; GATX Corp. | &nbsp;&nbsp;&nbsp;&nbsp; 18 | &nbsp;&nbsp;&nbsp;&nbsp; 3156 |
| &nbsp;&nbsp;&nbsp; Hudson Technologies, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 66 | &nbsp;&nbsp;&nbsp;&nbsp; 651 |
| &nbsp;&nbsp;&nbsp; MRC Global, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp; 213 | &nbsp;&nbsp;&nbsp;&nbsp; 3068 |
| &nbsp;&nbsp;&nbsp; Rush Enterprises, Inc., Class A | &nbsp;&nbsp;&nbsp;&nbsp; 81 | &nbsp;&nbsp;&nbsp;&nbsp; 4328 |
| &nbsp;&nbsp;&nbsp; WESCO International, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 24 | &nbsp;&nbsp;&nbsp;&nbsp; 5149 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 25264 |
| **Water Utilities — 0.8%** | **Water Utilities — 0.8%** | **Water Utilities — 0.8%** |
| &nbsp;&nbsp;&nbsp; American States Water Co. | &nbsp;&nbsp;&nbsp;&nbsp; 22 | &nbsp;&nbsp;&nbsp;&nbsp; 1578 |
| &nbsp;&nbsp;&nbsp; Consolidated Water Co. Ltd., Class D | &nbsp;&nbsp;&nbsp;&nbsp; 220 | &nbsp;&nbsp;&nbsp;&nbsp; 7776 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 9354 |
| **Wireless Telecommunication Services — 0.2%** | **Wireless Telecommunication Services — 0.2%** | **Wireless Telecommunication Services — 0.2%** |
| &nbsp;&nbsp;&nbsp; Spok Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 49 | &nbsp;&nbsp;&nbsp;&nbsp; 845 |
| &nbsp;&nbsp;&nbsp; Telephone and Data Systems, Inc. | &nbsp;&nbsp;&nbsp;&nbsp; 39 | &nbsp;&nbsp;&nbsp;&nbsp; 1526 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp; 2371 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Common Stocks <br>(Cost $996,571)<br>|  | &nbsp;&nbsp;&nbsp;&nbsp; 1238067 |
|  | &nbsp;&nbsp;&nbsp; **NO. OF** <br> **RIGHTS** <br>&nbsp;&nbsp;&nbsp;&nbsp;**(000)**<br>|  |
| **Rights — 0.0% ^** | **Rights — 0.0% ^** | **Rights — 0.0% ^** |
| **Biotechnology — 0.0% ^** | **Biotechnology — 0.0% ^** | **Biotechnology — 0.0% ^** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; iTeos Therapeutics, Inc., CVR ‡ \* <br>(Cost $—)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 353 | &nbsp;&nbsp;&nbsp;&nbsp; — |

---

------

**JPMorgan Small Cap Value Fund**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF September 30, 2025 (Unaudited) (continued)

---

| | | |
|:---|:---|:---|
| **INVESTMENTS**  | &nbsp;&nbsp;&nbsp; **SHARES** <br>&nbsp;&nbsp;&nbsp;&nbsp;**(000)**<br>| &nbsp;&nbsp;&nbsp; **VALUE** <br>**($000)**<br>|
| **Short-Term Investments — 3.8%** | **Short-Term Investments — 3.8%** | **Short-Term Investments — 3.8%** |
| **Investment Companies — 0.8%** | **Investment Companies — 0.8%** | **Investment Companies — 0.8%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JPMorgan Prime Money Market Fund Class IM Shares, 4.20% (b) (c) <br>(Cost $10,548)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 10547 | &nbsp;&nbsp;&nbsp;&nbsp; 10552 |
| **Investment of Cash Collateral from Securities Loaned — 3.0%** | **Investment of Cash Collateral from Securities Loaned — 3.0%** | **Investment of Cash Collateral from Securities Loaned — 3.0%** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; JPMorgan Securities Lending Money Market Fund Agency SL Class Shares, 4.20% (b) (c) <br>(Cost $37,608)<br>| &nbsp;&nbsp;&nbsp;&nbsp; 37608 | &nbsp;&nbsp;&nbsp;&nbsp; 37608 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Short-Term Investments <br>(Cost $48,156)<br>|  | &nbsp;&nbsp;&nbsp;&nbsp; 48160 |
| **Total Investments — 103.0%** <br>**(Cost $1,044,727)**<br>|  | &nbsp;&nbsp;&nbsp;&nbsp; **1286227** |
| **Liabilities in Excess of Other Assets — (3.0)%** |  | &nbsp;&nbsp;&nbsp;&nbsp; **(37919)**<br>|
| **NET ASSETS — 100.0%** |  | &nbsp;&nbsp;&nbsp;&nbsp; **1248308** |

---

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

---

| |
|:---|
| <br>Percentages indicated are based on net assets. |
| <br>Amounts presented as a dash ("-") represent amounts that round to less than a thousand. |

---

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

---

| | |
|:---|:---|
| **Abbreviations** |  |
| CVR | Contingent Value Rights |
| REIT | Real Estate Investment Trust |

---

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

---

| | |
|:---|:---|
| ^ | Amount rounds to less than 0.1% of net assets. |
| ‡ | Value determined using significant unobservable inputs. |
| \* | Non-income producing security.  |
| (a) | The security or a portion of this security is on loan at September 30, 2025. The total value of securities on loan at September 30, 2025 is <br> $36,044.<br>|
| (b) | Investment in an affiliated fund, which is registered under the Investment Company Act of 1940, as amended, and is advised by J.P. Morgan <br> Investment Management Inc.<br>|
| (c) | The rate shown is the current yield as of September 30, 2025. |

---

**Futures contracts outstanding as of September 30, 2025 (amounts in thousands, except number of contracts):**

------

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **DESCRIPTION** | &nbsp;&nbsp;&nbsp; **NUMBER OF** <br>**CONTRACTS**<br>| **EXPIRATION DATE** | **TRADING CURRENCY** | &nbsp;&nbsp;&nbsp; **NOTIONAL** <br>**AMOUNT ($)**<br>| &nbsp;&nbsp;&nbsp; **VALUE AND** <br>**UNREALIZED** <br>**APPRECIATION** <br>&nbsp;&nbsp;&nbsp;&nbsp;**(DEPRECIATION) ($)**<br>|
| **Long Contracts** |  |  |  |  |  |
| Russell 2000 E-Mini Index | &nbsp;&nbsp;&nbsp;&nbsp; 93 | &nbsp;&nbsp;&nbsp;&nbsp; 12/19/2025 | &nbsp;&nbsp;&nbsp;&nbsp; USD | &nbsp;&nbsp;&nbsp;&nbsp; 11420 | &nbsp;&nbsp;&nbsp;&nbsp; 186 |

---

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

---

| | |
|:---|:---|
| **Abbreviations** |  |
| USD | United States Dollar |

---

------

**JPMorgan Small Cap Value Fund**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF September 30, 2025 (Unaudited) (continued)

(Dollar values in thousands)

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

**A. Valuation of Investments**— Investments are valued in accordance with U.S. generally accepted accounting principles ("GAAP") and the Fund's valuation policies set forth by, and under the supervision and responsibility of, the Board of Trustees of the Trust (the "Board"), which established the following approach to valuation, as described more fully below: (i) investments for which market quotations are readily available shall be valued at their market value and (ii) all other investments for which market quotations are not readily available shall be valued at their fair value as determined in good faith by the Board.

Under Section 2(a)(41) of the Investment Company Act of 1940, the Board is required to determine fair value for securities that do not have readily available market quotations. Under Securities and Exchange Commission Rule 2a-5 (Good Faith Determinations of Fair Value), the Board may designate the performance of these fair valuation determinations to a valuation designee. The Board has designated the Adviser as the "Valuation Designee" to perform fair valuation determinations for the Fund on behalf of the Board subject to appropriate oversight by the Board. The Adviser, as Valuation Designee, leverages the J.P. Morgan Asset Management Americas Valuation Committee ("AVC") to help oversee and carry out the policies for the valuation of investments held in the Fund. The Adviser, as Valuation Designee, remains responsible for the valuation determinations.

This oversight by the AVC includes monitoring the appropriateness of fair values based on results of ongoing valuation oversight including, but not limited to, consideration of macro or security specific events, market events, and pricing vendor and broker due diligence. The Administrator is responsible for discussing and assessing the potential impacts to the fair values on an ongoing basis, and, at least on a quarterly basis, with the AVC and the Board.

A market-based approach is primarily used to value the Fund's investments. Investments for which market quotations are not readily available are fair valued using prices supplied by approved affiliated and/or unaffiliated pricing vendors or third party broker-dealers (collectively referred to as "Pricing Services"), or may be internally fair valued using methods set forth by the valuation policies approved by the Board. This may include the use of related or comparable assets or liabilities, recent transactions, market multiples, book values and other relevant information for the investment. An income-based valuation approach may be used in which the anticipated future cash flows of the investment are discounted to calculate the fair value. Discounts may also be applied due to the nature or duration of any restrictions on the disposition of the investments. Valuations may be based upon current market prices of securities that are comparable in coupon, rating, maturity and industry. It is possible that the estimated values may differ significantly from the values that would have been used had a ready market for the investments existed, and such differences could be material.

Equities and other exchange-traded instruments are valued at the last sale price or official market closing price on the primary exchange on which the instrument is traded before the net asset values ("NAV") of the Fund are calculated on a valuation date.

Investments in open-end investment companies ("Underlying Funds") are valued at each Underlying Fund's NAV per share as of the report date.

Futures contracts are generally valued on the basis of available market quotations.

Valuations reflected in this report are as of the report date. As a result, changes in valuation due to market events and/or issuer-related events after the report date and prior to issuance of the report are not reflected herein.

The various inputs that are used in determining the valuation of the Fund's investments are summarized into the three broad levels listed below.

• Level 1 — Unadjusted inputs using quoted prices in active markets for identical investments.

• Level 2 — Other significant observable inputs including, but not limited to, quoted prices for similar investments, inputs other than quoted prices that are observable for investments (such as interest rates, prepayment speeds, credit risk, etc.) or other market corroborated inputs.

• Level 3 — Significant inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the Fund's assumptions in determining the fair value of investments).

A financial instrument's level within the fair value hierarchy is based on the lowest level of any input, both individually and in the aggregate, that is significant to the fair value measurement. The inputs or methodology used for valuing instruments are not necessarily an indication of the risk associated with investing in those instruments.

------

**JPMorgan Small Cap Value Fund**

**SCHEDULE OF PORTFOLIO INVESTMENTS**

AS OF September 30, 2025 (Unaudited) (continued)

(Dollar values in thousands)

The following table represents each valuation input as presented on the Schedule of Portfolio Investments ("SOI"):

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;&nbsp; **Level 1** <br>Quoted prices<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Level 2** <br>Other significant <br>observable inputs<br>| &nbsp;&nbsp;&nbsp;&nbsp; **Level 3** <br>Significant <br>unobservable inputs<br>| **Total** |
| **Investments in Securities** |  |  |  |  |
| Common Stocks | &nbsp;&nbsp;&nbsp;&nbsp; $1238067 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $1238067 |
| Rights | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; —<br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; —<br> (a)<br>|
| Short-Term Investments |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Investment Companies | &nbsp;&nbsp;&nbsp;&nbsp; 10552 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 10552 |
| &nbsp;&nbsp;&nbsp; Investment of Cash Collateral from Securities Loaned | &nbsp;&nbsp;&nbsp;&nbsp; 37608 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 37608 |
| Total Short-Term Investments | &nbsp;&nbsp;&nbsp;&nbsp; 48160 | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp;&nbsp; 48160 |
| **Total Investments in Securities** | &nbsp;&nbsp;&nbsp;&nbsp; $1286227 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $—<br> (a)<br>| &nbsp;&nbsp;&nbsp;&nbsp; $1286227 |
| **Appreciation in Other Financial Instruments** |  |  |  |  |
| Futures Contracts | &nbsp;&nbsp;&nbsp;&nbsp; $186 | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp;&nbsp;&nbsp; $186 |

---

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

(a) Amount rounds to less than one thousand.

**B. Investment Transactions with Affiliates**— The Fund invested in Underlying Funds advised by the Adviser. An issuer which is under common control with the Fund may be considered an affiliate. The Fund assumes the issuers listed in the table below to be affiliated issuers. The Underlying Funds' distributions may be reinvested into such Underlying Funds. Reinvestment amounts are included in the purchases at cost amounts in the table below.

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **For the period ended September 30, 2025** | **For the period ended September 30, 2025** | **For the period ended September 30, 2025** | **For the period ended September 30, 2025** | **For the period ended September 30, 2025** | **For the period ended September 30, 2025** | **For the period ended September 30, 2025** | **For the period ended September 30, 2025** | **For the period ended September 30, 2025** | **For the period ended September 30, 2025** |
| **Security Description** | **Value at** <br>**June 30,** <br>**2025**<br>| **Purchases at** <br>**Cost**<br>| **Proceeds from** <br>**Sales**<br>| **Net Realized** <br>**Gain (Loss)**<br>| **Change in** <br>**Unrealized** <br>**Appreciation/** <br>**(Depreciation)**<br>| **Value at** <br>**September 30,** <br>**2025**<br>| **Shares at** <br>**September 30,** <br>**2025**<br>| **Dividend** <br>**Income**<br>| **Capital Gain** <br>**Distributions**<br>|
| &nbsp;&nbsp;&nbsp; JPMorgan Prime Money Market Fund Class IM <br> Shares, 4.20% (a) (b)<br>| $58558 | $100323 | $148333 | $2 | $2 | $10552 | 10547 | $240 | $— |
| &nbsp;&nbsp;&nbsp; JPMorgan Securities Lending Money Market <br> Fund Agency SL Class Shares, 4.20% <br> (a) (b)<br>| 27391 | 102473 | 92257 | 1 |  | 37608 | 37608 | 408 |  |
| **Total** | $85949 | $202796 | $240590 | $3 | $2 | $48160 |  | $648 | $— |

---

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

 <br> (a) Investment in an affiliated fund, which is registered under the Investment Company Act of 1940, as amended, and is advised by J.P. Morgan Investment Management Inc. <br> (b) The rate shown is the current yield as of September 30, 2025.

------

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** JPMorgan Trust II

- **b. Investment Company Act file number:** 811-04236

- **c. CIK number of Registrant:** 0000763852

- **d. LEI of Registrant:** 549300IMXLYKELY96B40

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

  - **Street Address 1:** 277 Park Avenue

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10172

  - **Telephone number:** 800-480-4111

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

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

- **b. EDGAR series identifier (if any):** S000003899

- **c. LEI of Series:** 549300V4YKXS0HHDUK18

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

- **a. Date of fiscal year-end:** 2026-06-30

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $1290096371.95

**Total Liabilities:** $38611105.24

**Net Assets:** $1251485266.71

**Cash Not Reported:** $78461.36

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000070648 | 1.29%                | 7.33%                | 1.49%                |
| Class ID C000173567 | 1.32%                | 7.40%                | 1.52%                |
| Class ID C000010893 | 1.32%                | 7.41%                | 1.49%                |
| Class ID C000173568 | 1.30%                | 7.35%                | 1.51%                |
| Class ID C000010896 | 1.29%                | 7.33%                | 1.47%                |
| Class ID C000010897 | 1.35%                | 7.42%                | 1.53%                |
| Class ID C000010894 | 1.30%                | 7.37%                | 1.48%                |
| Class ID C000033524 | 1.36%                | 7.40%                | 1.51%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $3652683.26              | $7074545.28                                |
| Month 2  | $5755062.23              | $78109566.67                               |
| Month 3  | $7288228.22              | $8827398.63                                |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Radian Group, Inc.                            | Radian Group, Inc.                                                    | CUSIP: 750236101<br>LEI: 54930005OUP720S5U385 | Long             | EC               | CORP              | US        |    148877 | NS      | $5392324.94   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Independent Bank Corp.                        | Independent Bank Corp.                                                | CUSIP: 453836108<br>LEI: 549300C5K3W8THR3GE10 | Long             | EC               | CORP              | US        |     44489 | NS      | $3077304.13   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Group 1 Automotive, Inc.                      | Group 1 Automotive, Inc.                                              | CUSIP: 398905109<br>LEI: 549300US8QAZJLWYAF63 | Long             | EC               | CORP              | US        |      4521 | NS      | $1977982.71   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Agree Realty Corp.                            | Agree Realty Corp.                                                    | CUSIP: 008492100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6248 | NS      | $443857.92    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Thermon Group Holdings, Inc.                  | Thermon Group Holdings, Inc.                                          | CUSIP: 88362T103<br>LEI: 529900ZNZBBLDE77MZ38 | Long             | EC               | CORP              | US        |     47717 | NS      | $1274998.24   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Renasant Corp.                                | Renasant Corp.                                                        | CUSIP: 75970E107<br>LEI: 549300OVE6OZHW2UUH81 | Long             | EC               | CORP              | US        |     82406 | NS      | $3039957.34   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| COPT Defense Properties                       | COPT Defense Properties                                               | CUSIP: 22002T108<br>LEI: YY1J47X6LF9TYY8JY420 | Long             | EC               | CORP              | US        |    281259 | NS      | $8173386.54   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Wintrust Financial Corp.                      | Wintrust Financial Corp.                                              | CUSIP: 97650W108<br>LEI: Q774KI4AW80FHFW33O61 | Long             | EC               | CORP              | US        |     20782 | NS      | $2752368.08   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelis Insurance Holdings Ltd.               | Fidelis Insurance Holdings Ltd.                                       | CUSIP: N/A<br>LEI: 549300CDMGCAGJQ7DX03       | Long             | EC               | CORP              | BM        |    137630 | NS      | $2497984.50   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| RLI Corp.                                     | RLI Corp.                                                             | CUSIP: 749607107<br>LEI: 529900AMTJE5ECN9PS55 | Long             | EC               | CORP              | US        |     19171 | NS      | $1250332.62   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Chesapeake Utilities Corp.                    | Chesapeake Utilities Corp.                                            | CUSIP: 165303108<br>LEI: 254900WW0FDCKAOCKE74 | Long             | EC               | CORP              | US        |     25836 | NS      | $3479850.84   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Helix Energy Solutions Group, Inc.            | Helix Energy Solutions Group, Inc.                                    | CUSIP: 42330P107<br>LEI: 416AP2JOUTCWEGSOZW41 | Long             | EC               | CORP              | US        |     56333 | NS      | $369544.48    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| BGC Group, Inc.                               | BGC Group, Inc., Class A                                              | CUSIP: 088929104<br>LEI: 2549001IGRCG4F0RLD36 | Long             | EC               | CORP              | US        |    157510 | NS      | $1490044.60   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Gulfport Energy Corp.                         | Gulfport Energy Corp.                                                 | CUSIP: 402635502<br>LEI: 254900DJRGZBUZ3F5038 | Long             | EC               | CORP              | US        |     19486 | NS      | $3526576.28   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Merchants Bancorp                             | Merchants Bancorp                                                     | CUSIP: 58844R108<br>LEI: 54930008Y0GPVLF81889 | Long             | EC               | CORP              | US        |     39655 | NS      | $1261029.00   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| WesBanco, Inc.                                | WesBanco, Inc.                                                        | CUSIP: 950810101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     97652 | NS      | $3118028.36   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Hancock Whitney Corp.                         | Hancock Whitney Corp.                                                 | CUSIP: 410120109<br>LEI: 549300GRNBWY8HIICT41 | Long             | EC               | CORP              | US        |     73235 | NS      | $4585243.35   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Viasat, Inc.                                  | Viasat, Inc.                                                          | CUSIP: 92552V100<br>LEI: UFC8NYMNFSYIHNSM2I38 | Long             | EC               | CORP              | US        |    100198 | NS      | $2935801.40   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Equity Bancshares, Inc.                       | Equity Bancshares, Inc., Class A                                      | CUSIP: 29460X109<br>LEI: 549300BPQ2EJNU4WF694 | Long             | EC               | CORP              | US        |    121928 | NS      | $4962469.60   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| MidWestOne Financial Group, Inc.              | MidWestOne Financial Group, Inc.                                      | CUSIP: 598511103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     36628 | NS      | $1036206.12   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Garrett Motion, Inc.                          | Garrett Motion, Inc.                                                  | CUSIP: 366505105<br>LEI: 549300LS5WT7EMBNV724 | Long             | EC               | CORP              | US        |    291672 | NS      | $3972572.64   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Resideo Technologies, Inc.                    | Resideo Technologies, Inc.                                            | CUSIP: 76118Y104<br>LEI: 5493006TKFPYISY2DS54 | Long             | EC               | CORP              | US        |    256041 | NS      | $11055850.38  | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| D-Wave Quantum, Inc.                          | D-Wave Quantum, Inc.                                                  | CUSIP: 26740W109<br>LEI: 5493001U37G4PRD4GW95 | Long             | EC               | CORP              | US        |    121187 | NS      | $2994530.77   | 0.24%             |  |  |  | No            |                  1 | On Loan: —       |
| ORIC Pharmaceuticals, Inc.                    | ORIC Pharmaceuticals, Inc.                                            | CUSIP: 68622P109<br>LEI: 54930033FJRNEYBW0L25 | Long             | EC               | CORP              | US        |    348695 | NS      | $4184340.00   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Daktronics, Inc.                              | Daktronics, Inc.                                                      | CUSIP: 234264109<br>LEI: 549300IOLZ3SG5YUJ288 | Long             | EC               | CORP              | US        |    133863 | NS      | $2800413.96   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| OneSpan, Inc.                                 | OneSpan, Inc.                                                         | CUSIP: 68287N100<br>LEI: 984500E502E6DC354D26 | Long             | EC               | CORP              | US        |    141436 | NS      | $2247418.04   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Cal-Maine Foods, Inc.                         | Cal-Maine Foods, Inc.                                                 | CUSIP: 128030202<br>LEI: 549300NHE5WMIEIEMF53 | Long             | EC               | CORP              | US        |     11550 | NS      | $1086855.00   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| TriCo Bancshares                              | TriCo Bancshares                                                      | CUSIP: 896095106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     40453 | NS      | $1796517.73   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Meritage Homes Corp.                          | Meritage Homes Corp.                                                  | CUSIP: 59001A102<br>LEI: 52990044W9UMFJO2FB97 | Long             | EC               | CORP              | US        |     52234 | NS      | $3783308.62   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Polaris, Inc.                                 | Polaris, Inc.                                                         | CUSIP: 731068102<br>LEI: 549300QJSN8UVWN1EI78 | Long             | EC               | CORP              | US        |     41875 | NS      | $2434193.75   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Ovintiv, Inc.                                 | Ovintiv, Inc.                                                         | CUSIP: 69047Q102<br>LEI: 2549003MEX7YMKLGI239 | Long             | EC               | CORP              | US        |     68315 | NS      | $2758559.70   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| New Jersey Resources Corp.                    | New Jersey Resources Corp.                                            | CUSIP: 646025106<br>LEI: 549300QKBSQBIX4DQ583 | Long             | EC               | CORP              | US        |    129854 | NS      | $6252470.10   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Hut 8 Corp.                                   | Hut 8 Corp.                                                           | CUSIP: 44812J104<br>LEI: 98450066FEF9C1D3FC20 | Long             | EC               | CORP              | US        |     85710 | NS      | $2983565.10   | 0.24%             |  |  |  | No            |                  1 | On Loan: —       |
| Xperi, Inc.                                   | Xperi, Inc.                                                           | CUSIP: 98423J101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    350862 | NS      | $2273585.76   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| OPENLANE, Inc.                                | OPENLANE, Inc.                                                        | CUSIP: 48238T109<br>LEI: 5493004HKD20LBSG7D03 | Long             | EC               | CORP              | US        |     41668 | NS      | $1199205.04   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Mercantile Bank Corp.                         | Mercantile Bank Corp.                                                 | CUSIP: 587376104<br>LEI: P16VZZCKTJ5IONL6XE37 | Long             | EC               | CORP              | US        |     55146 | NS      | $2481570.00   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Mammoth Energy Services, Inc.                 | Mammoth Energy Services, Inc.                                         | CUSIP: 56155L108<br>LEI: 549300ODHHN3MGXCQ803 | Long             | EC               | CORP              | US        |    110835 | NS      | $253812.15    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Alumis, Inc.                                  | Alumis, Inc.                                                          | CUSIP: 022307102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    152430 | NS      | $608195.70    | 0.05%             |  |  |  | No            |                  1 | On Loan: —       |
| Varex Imaging Corp.                           | Varex Imaging Corp.                                                   | CUSIP: 92214X106<br>LEI: 549300CWYWPVCT8E9W67 | Long             | EC               | CORP              | US        |    135183 | NS      | $1676269.20   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Jack in the Box, Inc.                         | Jack in the Box, Inc.                                                 | CUSIP: 466367109<br>LEI: 5493002OJW26P0SUUP68 | Long             | EC               | CORP              | US        |     92576 | NS      | $1830227.52   | 0.15%             |  |  |  | No            |                  1 | On Loan: —       |
| Financial Institutions, Inc.                  | Financial Institutions, Inc.                                          | CUSIP: 317585404<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     84182 | NS      | $2289750.40   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Hilltop Holdings, Inc.                        | Hilltop Holdings, Inc.                                                | CUSIP: 432748101<br>LEI: 54930010TA543US0PM65 | Long             | EC               | CORP              | US        |    133181 | NS      | $4450909.02   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Scorpio Tankers, Inc.                         | Scorpio Tankers, Inc.                                                 | CUSIP: N/A<br>LEI: 549300NVJUH16NXG8K87       | Long             | EC               | CORP              | MH        |     17804 | NS      | $997914.20    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Bullish                                       | Bullish                                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KY        |     43270 | NS      | $2752404.70   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| DiamondRock Hospitality Co.                   | DiamondRock Hospitality Co.                                           | CUSIP: 252784301<br>LEI: 529900KKD4BPVBUAQ734 | Long             | EC               | CORP              | US        |    509020 | NS      | $4051799.20   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Piedmont Realty Trust, Inc.                   | Piedmont Realty Trust, Inc., Class A                                  | CUSIP: 720190206<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    465283 | NS      | $4187547.00   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Urban Outfitters, Inc.                        | Urban Outfitters, Inc.                                                | CUSIP: 917047102<br>LEI: 549300N3DUFR5U6NRN38 | Long             | EC               | CORP              | US        |     53267 | NS      | $3804861.81   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Old National Bancorp                          | Old National Bancorp                                                  | CUSIP: 680033107<br>LEI: 549300MMK90CL5KMVX16 | Long             | EC               | CORP              | US        |    472219 | NS      | $10365207.05  | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Trustmark Corp.                               | Trustmark Corp.                                                       | CUSIP: 898402102<br>LEI: 5493000HPQ4D2RZ79739 | Long             | EC               | CORP              | US        |     19637 | NS      | $777625.20    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Radiant Logistics, Inc.                       | Radiant Logistics, Inc.                                               | CUSIP: 75025X100<br>LEI: 549300HWCW2HBOG4GN20 | Long             | EC               | CORP              | US        |    170502 | NS      | $1005961.80   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Banc of California, Inc.                      | Banc of California, Inc.                                              | CUSIP: 05990K106<br>LEI: 549300ZKWUJDP6LJ1X87 | Long             | EC               | CORP              | US        |    336015 | NS      | $5561048.25   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Bridgewater Bancshares, Inc.                  | Bridgewater Bancshares, Inc.                                          | CUSIP: 108621103<br>LEI: 5493001FLSBTVILKXZ71 | Long             | EC               | CORP              | US        |     33353 | NS      | $587012.80    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Atkore, Inc.                                  | Atkore, Inc.                                                          | CUSIP: 047649108<br>LEI: 52990002TI38AM4RPV48 | Long             | EC               | CORP              | US        |     66396 | NS      | $4165685.04   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Alight, Inc.                                  | Alight, Inc., Class A                                                 | CUSIP: 01626W101<br>LEI: 549300600ESCO1HTVN74 | Long             | EC               | CORP              | US        |     84564 | NS      | $275678.64    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Titan International, Inc.                     | Titan International, Inc.                                             | CUSIP: 88830M102<br>LEI: 254900CXRGBE7C4B5A06 | Long             | EC               | CORP              | US        |     65558 | NS      | $495618.48    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellium SE                                | Constellium SE                                                        | CUSIP: N/A<br>LEI: 724500KRJEMC79KAAU28       | Long             | EC               | CORP              | FR        |    370808 | NS      | $5517623.04   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Vishay Intertechnology, Inc.                  | Vishay Intertechnology, Inc.                                          | CUSIP: 928298108<br>LEI: 5493009O8F3QQJTCQR75 | Long             | EC               | CORP              | US        |    105470 | NS      | $1613691.00   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| SiriusPoint Ltd.                              | SiriusPoint Ltd.                                                      | CUSIP: N/A<br>LEI: 549300OGXFI85N3YZZ51       | Long             | EC               | CORP              | BM        |     50253 | NS      | $909076.77    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Navient Corp.                                 | Navient Corp.                                                         | CUSIP: 63938C108<br>LEI: 54930067J0ZNOEBRW338 | Long             | EC               | CORP              | US        |    145856 | NS      | $1918006.40   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| QCR Holdings, Inc.                            | QCR Holdings, Inc.                                                    | CUSIP: 74727A104<br>LEI: 549300MWKWM7KWJVQO33 | Long             | EC               | CORP              | US        |     87939 | NS      | $6651705.96   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Warrior Met Coal, Inc.                        | Warrior Met Coal, Inc.                                                | CUSIP: 93627C101<br>LEI: 549300152B1S9YKBYV79 | Long             | EC               | CORP              | US        |     59796 | NS      | $3805417.44   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Hudson Technologies, Inc.                     | Hudson Technologies, Inc.                                             | CUSIP: 444144109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     65563 | NS      | $651040.59    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Capital City Bank Group, Inc.                 | Capital City Bank Group, Inc.                                         | CUSIP: 139674105<br>LEI: 254900NVLVUJQZKTQE82 | Long             | EC               | CORP              | US        |     18490 | NS      | $772697.10    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Enhabit, Inc.                                 | Enhabit, Inc.                                                         | CUSIP: 29332G102<br>LEI: 549300RFQ78SLDFSHF49 | Long             | EC               | CORP              | US        |    159082 | NS      | $1274246.82   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Southern Missouri Bancorp, Inc.               | Southern Missouri Bancorp, Inc.                                       | CUSIP: 843380106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     14117 | NS      | $741989.52    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Excelerate Energy, Inc.                       | Excelerate Energy, Inc., Class A                                      | CUSIP: 30069T101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     73998 | NS      | $1864009.62   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Energy Fuels, Inc.                            | Energy Fuels, Inc.                                                    | CUSIP: 292671708<br>LEI: 529900P0GCATXMGK8I62 | Long             | EC               | CORP              | CA        |    218523 | NS      | $3354328.05   | 0.27%             |  |  |  | No            |                  1 | On Loan: —       |
| Funko, Inc.                                   | Funko, Inc., Class A                                                  | CUSIP: 361008105<br>LEI: 529900NG9F0KL5P6NK67 | Long             | EC               | CORP              | US        |    294644 | NS      | $1013575.36   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Nelnet, Inc.                                  | Nelnet, Inc., Class A                                                 | CUSIP: 64031N108<br>LEI: 549300T6B0Q52I6OM558 | Long             | EC               | CORP              | US        |     16418 | NS      | $2058488.84   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| SM Energy Co.                                 | SM Energy Co.                                                         | CUSIP: 78454L100<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | EC               | CORP              | US        |     52449 | NS      | $1309651.53   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Virtus Investment Partners, Inc.              | Virtus Investment Partners, Inc.                                      | CUSIP: 92828Q109<br>LEI: 549300HWF93HB8BDM648 | Long             | EC               | CORP              | US        |      9995 | NS      | $1899349.85   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| NCR Voyix Corp.                               | NCR Voyix Corp.                                                       | CUSIP: 62886E108<br>LEI: 549300YKTY8JX1DV2R67 | Long             | EC               | CORP              | US        |    144048 | NS      | $1807802.40   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Viridian Therapeutics, Inc.                   | Viridian Therapeutics, Inc.                                           | CUSIP: 92790C104<br>LEI: 549300C775BNYF550E70 | Long             | EC               | CORP              | US        |    137180 | NS      | $2960344.40   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Old Second Bancorp, Inc.                      | Old Second Bancorp, Inc.                                              | CUSIP: 680277100<br>LEI: 549300XVJC1MPUT81C04 | Long             | EC               | CORP              | US        |    270117 | NS      | $4668972.35   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| OraSure Technologies, Inc.                    | OraSure Technologies, Inc.                                            | CUSIP: 68554V108<br>LEI: 529900GNNJPNM4XHXQ77 | Long             | EC               | CORP              | US        |    204090 | NS      | $655128.90    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco Latinoamericano de Comercio Exterior SA | Banco Latinoamericano de Comercio Exterior SA, Class E                | CUSIP: N/A<br>LEI: 549300CN3134K4LC0651       | Long             | EC               | NUSS              | PA        |     51367 | NS      | $2361340.99   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Berry Corp.                                   | Berry Corp.                                                           | CUSIP: 08579X101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    383818 | NS      | $1450832.04   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Innospec, Inc.                                | Innospec, Inc.                                                        | CUSIP: 45768S105<br>LEI: 213800SQBACNY5IWJO68 | Long             | EC               | CORP              | US        |     35130 | NS      | $2710630.80   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Fluor Corp.                                   | Fluor Corp.                                                           | CUSIP: 343412102<br>LEI: CQ7WZ4NOFWT7FAE6Q943 | Long             | EC               | CORP              | US        |     76063 | NS      | $3199970.41   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Mid Penn Bancorp, Inc.                        | Mid Penn Bancorp, Inc.                                                | CUSIP: 59540G107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     12132 | NS      | $347460.48    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Midland States Bancorp, Inc.                  | Midland States Bancorp, Inc.                                          | CUSIP: 597742105<br>LEI: 5493006RHXW9TTBWYC94 | Long             | EC               | CORP              | US        |     20147 | NS      | $345319.58    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| 10X Genomics, Inc.                            | 10X Genomics, Inc., Class A                                           | CUSIP: 88025U109<br>LEI: 5493003Z6741WNLG7H43 | Long             | EC               | CORP              | US        |    266231 | NS      | $3112240.39   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| LGI Homes, Inc.                               | LGI Homes, Inc.                                                       | CUSIP: 50187T106<br>LEI: 549300W02B4WNV8CV109 | Long             | EC               | CORP              | US        |      9861 | NS      | $509912.31    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Southside Bancshares, Inc.                    | Southside Bancshares, Inc.                                            | CUSIP: 84470P109<br>LEI: 549300TC83207VQA2K65 | Long             | EC               | CORP              | US        |     56666 | NS      | $1600814.50   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Curbline Properties Corp.                     | Curbline Properties Corp.                                             | CUSIP: 23128Q101<br>LEI: 529900PGR41LH0I81I15 | Long             | EC               | CORP              | US        |    128375 | NS      | $2862762.50   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Omnicell, Inc.                                | Omnicell, Inc.                                                        | CUSIP: 68213N109<br>LEI: 5493008RH0GTKHHPZI77 | Long             | EC               | CORP              | US        |    163910 | NS      | $4991059.50   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Taylor Morrison Home Corp.                    | Taylor Morrison Home Corp.                                            | CUSIP: 87724P106<br>LEI: 5299009UDLLGLKOOJE30 | Long             | EC               | CORP              | US        |    111433 | NS      | $7355692.33   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Amalgamated Financial Corp.                   | Amalgamated Financial Corp.                                           | CUSIP: 022671101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     21835 | NS      | $592820.25    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Walker & Dunlop, Inc.                         | Walker & Dunlop, Inc.                                                 | CUSIP: 93148P102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     52066 | NS      | $4353758.92   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Amerant Bancorp, Inc.                         | Amerant Bancorp, Inc.                                                 | CUSIP: 023576101<br>LEI: 54930071V6LIG79MTL10 | Long             | EC               | CORP              | US        |     80151 | NS      | $1544509.77   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Consensus Cloud Solutions, Inc.               | Consensus Cloud Solutions, Inc.                                       | CUSIP: 20848V105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     51646 | NS      | $1516843.02   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Mueller Industries, Inc.                      | Mueller Industries, Inc.                                              | CUSIP: 624756102<br>LEI: 5493005IZFE4VJLLYG84 | Long             | EC               | CORP              | US        |     31055 | NS      | $3139971.05   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| ON24, Inc.                                    | ON24, Inc.                                                            | CUSIP: 68339B104<br>LEI: 254900S6S9YKYTO9Q964 | Long             | EC               | CORP              | US        |    236147 | NS      | $1350760.84   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Biglari Holdings, Inc.                        | Biglari Holdings, Inc., Class B                                       | CUSIP: 08986R309<br>LEI: 549300GLWWSODF8TM682 | Long             | EC               | CORP              | US        |     10659 | NS      | $3449785.35   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| KB Home                                       | KB Home                                                               | CUSIP: 48666K109<br>LEI: 549300LGUCWQURMWLG09 | Long             | EC               | CORP              | US        |     81915 | NS      | $5213070.60   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Central Garden & Pet Co.                      | Central Garden & Pet Co., Class A                                     | CUSIP: 153527205<br>LEI: 5493004DVZLD37DJ0H83 | Long             | EC               | CORP              | US        |     88303 | NS      | $2607587.59   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Capri Holdings Ltd.                           | Capri Holdings Ltd.                                                   | CUSIP: N/A<br>LEI: 549300LPG8W0H1OX3A26       | Long             | EC               | CORP              | VG        |    163888 | NS      | $3264648.96   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Hillman Solutions Corp.                       | Hillman Solutions Corp.                                               | CUSIP: 431636109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    283132 | NS      | $2599151.76   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Teekay Tankers Ltd.                           | Teekay Tankers Ltd., Class A                                          | CUSIP: N/A<br>LEI: 549300DE8ZAIYS2T6Q22       | Long             | EC               | CORP              | BM        |    144090 | NS      | $7283749.50   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| iTeos Therapeutics, Inc.                      | iTeos Therapeutics, Inc., CVR                                         | CUSIP: 465CVR017<br>LEI: N/A                  | Long             |  | CORP              | US        |    353057 | NS      | $0.35         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| OceanFirst Financial Corp.                    | OceanFirst Financial Corp.                                            | CUSIP: 675234108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    249542 | NS      | $4384452.94   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Scholastic Corp.                              | Scholastic Corp.                                                      | CUSIP: 807066105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     81404 | NS      | $2228841.52   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortrea Holdings, Inc.                        | Fortrea Holdings, Inc.                                                | CUSIP: 34965K107<br>LEI: 5493000FIVFABOVCDU97 | Long             | EC               | CORP              | US        |    172967 | NS      | $1456382.14   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| WaVe Life Sciences Ltd.                       | WaVe Life Sciences Ltd.                                               | CUSIP: N/A<br>LEI: 54930070006GPKFYZ813       | Long             | EC               | CORP              | SG        |    211557 | NS      | $1548597.24   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Kimball Electronics, Inc.                     | Kimball Electronics, Inc.                                             | CUSIP: 49428J109<br>LEI: 549300COBYN2GZCBIU87 | Long             | EC               | CORP              | US        |     65495 | NS      | $1955680.70   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Barrett Business Services, Inc.               | Barrett Business Services, Inc.                                       | CUSIP: 068463108<br>LEI: 529900HXB6TMG0SR9Y34 | Long             | EC               | CORP              | US        |     25739 | NS      | $1140752.48   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Kelly Services, Inc.                          | Kelly Services, Inc., Class A                                         | CUSIP: 488152208<br>LEI: 25490035B2ZPL6RM1974 | Long             | EC               | CORP              | US        |     90001 | NS      | $1180813.12   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| ACCO Brands Corp.                             | ACCO Brands Corp.                                                     | CUSIP: 00081T108<br>LEI: JCT8P4Y190IH4I1NX328 | Long             | EC               | CORP              | US        |     81267 | NS      | $324255.33    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Essential Properties Realty Trust, Inc.       | Essential Properties Realty Trust, Inc.                               | CUSIP: 29670E107<br>LEI: 2549009LXQLVYCGLZO50 | Long             | EC               | CORP              | US        |    263396 | NS      | $7838664.96   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| United Community Banks, Inc.                  | United Community Banks, Inc.                                          | CUSIP: 90984P303<br>LEI: 549300GVW0FV66X3U703 | Long             | EC               | CORP              | US        |     15525 | NS      | $486708.75    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Business First Bancshares, Inc.               | Business First Bancshares, Inc.                                       | CUSIP: 12326C105<br>LEI: 549300ILTC50KHDX4A08 | Long             | EC               | CORP              | US        |     95813 | NS      | $2262144.93   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Boise Cascade Co.                             | Boise Cascade Co.                                                     | CUSIP: 09739D100<br>LEI: 549300Z8B8LSRHC7XA55 | Long             | EC               | CORP              | US        |     46032 | NS      | $3559194.24   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Chord Energy Corp.                            | Chord Energy Corp.                                                    | CUSIP: 674215207<br>LEI: 529900FA4V2YNIKZ0M71 | Long             | EC               | CORP              | US        |     15884 | NS      | $1578393.08   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Cytek Biosciences, Inc.                       | Cytek Biosciences, Inc.                                               | CUSIP: 23285D109<br>LEI: 549300K2J28BOC6FBO89 | Long             | EC               | CORP              | US        |    198202 | NS      | $687760.94    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Gray Media, Inc.                              | Gray Media, Inc.                                                      | CUSIP: 389375106<br>LEI: 529900TM5726KDN7UU35 | Long             | EC               | CORP              | US        |    118759 | NS      | $686427.02    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Essent Group Ltd.                             | Essent Group Ltd.                                                     | CUSIP: N/A<br>LEI: 254900QUO860OUT6ZF83       | Long             | EC               | CORP              | BM        |    108611 | NS      | $6903315.16   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| ChoiceOne Financial Services, Inc.            | ChoiceOne Financial Services, Inc.                                    | CUSIP: 170386106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     14658 | NS      | $424495.68    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Forum Energy Technologies, Inc.               | Forum Energy Technologies, Inc.                                       | CUSIP: 34984V209<br>LEI: 549300SF93HLCR1REE27 | Long             | EC               | CORP              | US        |     80308 | NS      | $2145026.68   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Burke & Herbert Financial Services Corp.      | Burke & Herbert Financial Services Corp.                              | CUSIP: 12135Y108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11187 | NS      | $690126.03    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Cytokinetics, Inc.                            | Cytokinetics, Inc.                                                    | CUSIP: 23282W605<br>LEI: 549300BE5DY1HW7IHA64 | Long             | EC               | CORP              | US        |     95080 | NS      | $5225596.80   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| LendingClub Corp.                             | LendingClub Corp.                                                     | CUSIP: 52603A208<br>LEI: 549300YC50YO7Y1OJR92 | Long             | EC               | CORP              | US        |     91016 | NS      | $1382533.04   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Transocean Ltd.                               | Transocean Ltd.                                                       | CUSIP: N/A<br>LEI: 529900QO4W5DQGBGEF32       | Long             | EC               | CORP              | CH        |   1143338 | NS      | $3567214.56   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| StandardAero, Inc.                            | StandardAero, Inc.                                                    | CUSIP: 85423L103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     44986 | NS      | $1227667.94   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Brightstar Lottery plc                        | Brightstar Lottery plc                                                | CUSIP: N/A<br>LEI: 549300UQ6KHRCZDRGZ76       | Long             | EC               | CORP              | GB        |    240936 | NS      | $4156146.00   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| GATX Corp.                                    | GATX Corp.                                                            | CUSIP: 361448103<br>LEI: 549300IHYHCQP2PIR591 | Long             | EC               | CORP              | US        |     17350 | NS      | $3032780.00   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Riot Platforms, Inc.                          | Riot Platforms, Inc.                                                  | CUSIP: 767292105<br>LEI: 5299005LKZAJQDQZDF73 | Long             | EC               | CORP              | US        |    332904 | NS      | $6335163.12   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Phinia, Inc.                                  | Phinia, Inc.                                                          | CUSIP: 71880K101<br>LEI: 254900HG6MORZE1FFM18 | Long             | EC               | CORP              | US        |     77610 | NS      | $4461022.80   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| City Office REIT, Inc.                        | City Office REIT, Inc.                                                | CUSIP: 178587101<br>LEI: 5493003J7157VP25NL57 | Long             | EC               | CORP              | US        |     64836 | NS      | $451258.56    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Clearway Energy, Inc.                         | Clearway Energy, Inc.                                                 | CUSIP: 18539C105<br>LEI: 549300LHAZ9HA9G3XC48 | Long             | EC               | CORP              | US        |     74342 | NS      | $2002030.06   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Healthcare Services Group, Inc.               | Healthcare Services Group, Inc.                                       | CUSIP: 421906108<br>LEI: 529900GVZ1D2FBYMS719 | Long             | EC               | CORP              | US        |    175484 | NS      | $2953395.72   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Safety Insurance Group, Inc.                  | Safety Insurance Group, Inc.                                          | CUSIP: 78648T100<br>LEI: 254900LDCFLA3J746840 | Long             | EC               | CORP              | US        |     24898 | NS      | $1760039.62   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Griffon Corp.                                 | Griffon Corp.                                                         | CUSIP: 398433102<br>LEI: 5493000C2SGNC7ZN3242 | Long             | EC               | CORP              | US        |     77873 | NS      | $5930028.95   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Pinnacle Financial Partners, Inc.             | Pinnacle Financial Partners, Inc.                                     | CUSIP: 72346Q104<br>LEI: 54930098EZ8JMSAZGS24 | Long             | EC               | CORP              | US        |      4934 | NS      | $462759.86    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Blue Bird Corp.                               | Blue Bird Corp.                                                       | CUSIP: 095306106<br>LEI: 5493004ZXJUUWQ65ER59 | Long             | EC               | CORP              | US        |     37992 | NS      | $2186439.60   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Cinemark Holdings, Inc.                       | Cinemark Holdings, Inc.                                               | CUSIP: 17243V102<br>LEI: 549300LL2QMPTYIE0K55 | Long             | EC               | CORP              | US        |     19651 | NS      | $550621.02    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Terex Corp.                                   | Terex Corp.                                                           | CUSIP: 880779103<br>LEI: YAWJZJYEQ7M1SYMOS462 | Long             | EC               | CORP              | US        |     54515 | NS      | $2796619.50   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Advance Auto Parts, Inc.                      | Advance Auto Parts, Inc.                                              | CUSIP: 00751Y106<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | EC               | CORP              | US        |     44653 | NS      | $2741694.20   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Greif, Inc.                                   | Greif, Inc., Class A                                                  | CUSIP: 397624107<br>LEI: 54930070FVGKR0Z1FI24 | Long             | EC               | CORP              | US        |     64751 | NS      | $3869519.76   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| United Bankshares, Inc.                       | United Bankshares, Inc.                                               | CUSIP: 909907107<br>LEI: 5299005O3BAMJ9Z92V62 | Long             | EC               | CORP              | US        |     58601 | NS      | $2180543.21   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Ranger Energy Services, Inc.                  | Ranger Energy Services, Inc., Class A                                 | CUSIP: 75282U104<br>LEI: 549300J7RIVGVAN0RE23 | Long             | EC               | CORP              | US        |    133018 | NS      | $1867572.72   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Fulgent Genetics, Inc.                        | Fulgent Genetics, Inc.                                                | CUSIP: 359664109<br>LEI: 549300CL6P01M68QJ404 | Long             | EC               | CORP              | US        |     21486 | NS      | $485583.60    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Enanta Pharmaceuticals, Inc.                  | Enanta Pharmaceuticals, Inc.                                          | CUSIP: 29251M106<br>LEI: 529900SSN4DODDQSN594 | Long             | EC               | CORP              | US        |     70875 | NS      | $848373.75    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Eastern Bankshares, Inc.                      | Eastern Bankshares, Inc.                                              | CUSIP: 27627N105<br>LEI: 549300J245MBQU3DO403 | Long             | EC               | CORP              | US        |    424926 | NS      | $7712406.90   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| ArcBest Corp.                                 | ArcBest Corp.                                                         | CUSIP: 03937C105<br>LEI: 5493006S3KBNE8ZS3J23 | Long             | EC               | CORP              | US        |     30171 | NS      | $2108047.77   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Mercury Systems, Inc.                         | Mercury Systems, Inc.                                                 | CUSIP: 589378108<br>LEI: 549300P3B84SGK7HH679 | Long             | EC               | CORP              | US        |     37061 | NS      | $2868521.40   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Clean Energy Fuels Corp.                      | Clean Energy Fuels Corp.                                              | CUSIP: 184499101<br>LEI: 549300MTQB4VUAOPMF71 | Long             | EC               | CORP              | US        |    817286 | NS      | $2108597.88   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| First Busey Corp.                             | First Busey Corp.                                                     | CUSIP: 319383204<br>LEI: 549300X4ZNLYSX7GUY60 | Long             | EC               | CORP              | US        |     22636 | NS      | $524023.40    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| PTC Therapeutics, Inc.                        | PTC Therapeutics, Inc.                                                | CUSIP: 69366J200<br>LEI: 549300UJLWOIWFDGB318 | Long             | EC               | CORP              | US        |     47766 | NS      | $2931399.42   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Northwestern Energy Group, Inc.               | Northwestern Energy Group, Inc.                                       | CUSIP: 668074305<br>LEI: 254900N1WG46G1VMDM34 | Long             | EC               | CORP              | US        |     29379 | NS      | $1721903.19   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Sphere Entertainment Co.                      | Sphere Entertainment Co.                                              | CUSIP: 55826T102<br>LEI: 254900ZW4JWKYRZZ9A91 | Long             | EC               | CORP              | US        |     25581 | NS      | $1589091.72   | 0.13%             |  |  |  | No            |                  1 | On Loan: —       |
| Apollo Commercial Real Estate Finance, Inc.   | Apollo Commercial Real Estate Finance, Inc.                           | CUSIP: 03762U105<br>LEI: 549300E0AN7M2AQHSY29 | Long             | EC               | CORP              | US        |    129312 | NS      | $1309930.56   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| TreeHouse Foods, Inc.                         | TreeHouse Foods, Inc.                                                 | CUSIP: 89469A104<br>LEI: 5493007M7EVHE470Q576 | Long             | EC               | CORP              | US        |     46792 | NS      | $945666.32    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Plexus Corp.                                  | Plexus Corp.                                                          | CUSIP: 729132100<br>LEI: 549300W7HCBI5YT25I79 | Long             | EC               | CORP              | US        |     17260 | NS      | $2497349.40   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Perimeter Solutions, Inc.                     | Perimeter Solutions, Inc.                                             | CUSIP: 71385M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    281555 | NS      | $6304016.45   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| UMB Financial Corp.                           | UMB Financial Corp.                                                   | CUSIP: 902788108<br>LEI: 549300MGEH3N3CUCV828 | Long             | EC               | CORP              | US        |     48439 | NS      | $5732755.65   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Bristow Group, Inc.                           | Bristow Group, Inc.                                                   | CUSIP: 11040G103<br>LEI: 5493005Q24EN3UC1PV68 | Long             | EC               | CORP              | US        |     69731 | NS      | $2515894.48   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| CNB Financial Corp.                           | CNB Financial Corp.                                                   | CUSIP: 126128107<br>LEI: 254900RUYUOKD91VNX69 | Long             | EC               | CORP              | US        |     75171 | NS      | $1819138.20   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Beacon Financial Corp.                        | Beacon Financial Corp.                                                | CUSIP: 084680107<br>LEI: 549300AS2OC6UMMBNO37 | Long             | EC               | CORP              | US        |     75776 | NS      | $1796648.96   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Burford Capital Ltd.                          | Burford Capital Ltd.                                                  | CUSIP: N/A<br>LEI: 549300FUKUWFYJMT2277       | Long             | EC               | CORP              | GG        |    158387 | NS      | $1894308.52   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| UFP Industries, Inc.                          | UFP Industries, Inc.                                                  | CUSIP: 90278Q108<br>LEI: 5493007KB485C9OV5572 | Long             | EC               | CORP              | US        |     37715 | NS      | $3525975.35   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| National Bank Holdings Corp.                  | National Bank Holdings Corp., Class A                                 | CUSIP: 633707104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     34531 | NS      | $1334277.84   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                           | Russell 2000 E-Mini Index                                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        93 | NC      | $185917.55    | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Compass Therapeutics, Inc.                    | Compass Therapeutics, Inc.                                            | CUSIP: 20454B104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1222324 | NS      | $4278134.00   | 0.34%             |  |  |  | No            |                  1 | On Loan: —       |
| United Parks & Resorts, Inc.                  | United Parks & Resorts, Inc.                                          | CUSIP: 81282V100<br>LEI: 529900G0H4NV3IIK3269 | Long             | EC               | CORP              | US        |     25697 | NS      | $1328534.90   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Cars.com, Inc.                                | Cars.com, Inc.                                                        | CUSIP: 14575E105<br>LEI: 5493002G6J07LNGX4M98 | Long             | EC               | CORP              | US        |     94612 | NS      | $1156158.64   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| First Commonwealth Financial Corp.            | First Commonwealth Financial Corp.                                    | CUSIP: 319829107<br>LEI: 549300ZHLQ42NXDETL24 | Long             | EC               | CORP              | US        |     22111 | NS      | $376992.55    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Laureate Education, Inc.                      | Laureate Education, Inc., Class A                                     | CUSIP: 518613203<br>LEI: 5JL7TMOH5TY3IUYSUP91 | Long             | EC               | CORP              | US        |    119840 | NS      | $3779753.60   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Axos Financial, Inc.                          | Axos Financial, Inc.                                                  | CUSIP: 05465C100<br>LEI: 529900D8M56422GK9O25 | Long             | EC               | CORP              | US        |     52643 | NS      | $4456229.95   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Towne Bank                                    | Towne Bank                                                            | CUSIP: 89214P109<br>LEI: 54930039UO39UJGI7078 | Long             | EC               | CORP              | US        |     62372 | NS      | $2156200.04   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Byline Bancorp, Inc.                          | Byline Bancorp, Inc.                                                  | CUSIP: 124411109<br>LEI: 549300W7ODP4YL2H4823 | Long             | EC               | CORP              | US        |    173159 | NS      | $4801699.07   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| LXP Industrial Trust                          | LXP Industrial Trust                                                  | CUSIP: 529043101<br>LEI: 549300S4MH2ICXDBFV43 | Long             | EC               | CORP              | US        |    530157 | NS      | $4750206.72   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Xenia Hotels & Resorts, Inc.                  | Xenia Hotels & Resorts, Inc.                                          | CUSIP: 984017103<br>LEI: 54930075IWIPHF5IQL62 | Long             | EC               | CORP              | US        |    405829 | NS      | $5567973.88   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Seacoast Banking Corp. of Florida             | Seacoast Banking Corp. of Florida                                     | CUSIP: 811707801<br>LEI: 549300V6IC06XYQYPG88 | Long             | EC               | CORP              | US        |     36216 | NS      | $1102052.88   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Capitol Federal Financial, Inc.               | Capitol Federal Financial, Inc.                                       | CUSIP: 14057J101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    178656 | NS      | $1134465.60   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| McGraw Hill, Inc.                             | McGraw Hill, Inc.                                                     | CUSIP: 580907103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    330909 | NS      | $4152907.95   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| InvenTrust Properties Corp.                   | InvenTrust Properties Corp.                                           | CUSIP: 46124J201<br>LEI: 5493006BQYSOBYVUFA03 | Long             | EC               | CORP              | US        |    109098 | NS      | $3122384.76   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Apogee Enterprises, Inc.                      | Apogee Enterprises, Inc.                                              | CUSIP: 037598109<br>LEI: 549300579S7QW8V4IJ60 | Long             | EC               | CORP              | US        |     60905 | NS      | $2653630.85   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Jackson Financial, Inc.                       | Jackson Financial, Inc., Class A                                      | CUSIP: 46817M107<br>LEI: 213800WXW2KG1N4CO374 | Long             | EC               | CORP              | US        |     84651 | NS      | $8569220.73   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Adient plc                                    | Adient plc                                                            | CUSIP: N/A<br>LEI: 5493002QLDY8O75RTR78       | Long             | EC               | CORP              | IE        |    308866 | NS      | $7437493.28   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Nature's Sunshine Products, Inc.              | Nature's Sunshine Products, Inc.                                      | CUSIP: 639027101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     71505 | NS      | $1109757.60   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Fresh Del Monte Produce, Inc.                 | Fresh Del Monte Produce, Inc.                                         | CUSIP: N/A<br>LEI: 529900I72V9F0FEZR228       | Long             | EC               | CORP              | KY        |     58641 | NS      | $2036015.52   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| GigaCloud Technology, Inc.                    | GigaCloud Technology, Inc., Class A                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KY        |    108717 | NS      | $3087562.80   | 0.25%             |  |  |  | No            |                  1 | On Loan: —       |
| National Vision Holdings, Inc.                | National Vision Holdings, Inc.                                        | CUSIP: 63845R107<br>LEI: 549300JHURCBLI5ROA42 | Long             | EC               | CORP              | US        |     11092 | NS      | $323775.48    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Redwood Trust, Inc.                           | Redwood Trust, Inc.                                                   | CUSIP: 758075402<br>LEI: DRBV4N1ERQLEMIF11G78 | Long             | EC               | CORP              | US        |     91879 | NS      | $531979.41    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| RealReal, Inc. (The)                          | RealReal, Inc. (The)                                                  | CUSIP: 88339P101<br>LEI: 549300O00VUGT4H1PE90 | Long             | EC               | CORP              | US        |    274476 | NS      | $2917679.88   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| BJ's Restaurants, Inc.                        | BJ's Restaurants, Inc.                                                | CUSIP: 09180C106<br>LEI: 5299000EOW66I1OJNQ23 | Long             | EC               | CORP              | US        |     30206 | NS      | $922189.18    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Marex Group plc                               | Marex Group plc                                                       | CUSIP: N/A<br>LEI: 549300DWX0SVICJAL507       | Long             | EC               | CORP              | GB        |     52386 | NS      | $1761217.32   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Unisys Corp.                                  | Unisys Corp.                                                          | CUSIP: 909214306<br>LEI: 549300T21W22FIJJOW08 | Long             | EC               | CORP              | US        |    343002 | NS      | $1337707.80   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| CNO Financial Group, Inc.                     | CNO Financial Group, Inc.                                             | CUSIP: 12621E103<br>LEI: 11XPYHB76MPM4Y4P2897 | Long             | EC               | CORP              | US        |    160140 | NS      | $6333537.00   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Oklo, Inc.                                    | Oklo, Inc.                                                            | CUSIP: 02156V109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     51149 | NS      | $5709762.87   | 0.46%             |  |  |  | No            |                  1 | On Loan: —       |
| Telephone and Data Systems, Inc.              | Telephone and Data Systems, Inc.                                      | CUSIP: 879433829<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     38901 | NS      | $1526475.24   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Magnolia Oil & Gas Corp.                      | Magnolia Oil & Gas Corp., Class A                                     | CUSIP: 559663109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     49554 | NS      | $1182853.98   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Hanmi Financial Corp.                         | Hanmi Financial Corp.                                                 | CUSIP: 410495204<br>LEI: 549300MSZ7RCG7EA6587 | Long             | EC               | CORP              | US        |     91045 | NS      | $2247901.05   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Nuvation Bio, Inc.                            | Nuvation Bio, Inc.                                                    | CUSIP: 67080N101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    354363 | NS      | $1311143.10   | 0.10%             |  |  |  | No            |                  1 | On Loan: —       |
| Atea Pharmaceuticals, Inc.                    | Atea Pharmaceuticals, Inc.                                            | CUSIP: 04683R106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    167722 | NS      | $486393.80    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| MasterCraft Boat Holdings, Inc.               | MasterCraft Boat Holdings, Inc.                                       | CUSIP: 57637H103<br>LEI: 549300IXWX41555YJ117 | Long             | EC               | CORP              | US        |     54773 | NS      | $1175428.58   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| EVgo, Inc.                                    | EVgo, Inc.                                                            | CUSIP: 30052F100<br>LEI: 254900NJU5Y3D9R42S26 | Long             | EC               | CORP              | US        |    229194 | NS      | $1084087.62   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Peabody Energy Corp.                          | Peabody Energy Corp.                                                  | CUSIP: 704551100<br>LEI: EJCO258LNNVSKAR2JX59 | Long             | EC               | CORP              | US        |    272521 | NS      | $7227256.92   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| FB Financial Corp.                            | FB Financial Corp.                                                    | CUSIP: 30257X104<br>LEI: 5493000B2LD2C2A6C435 | Long             | EC               | CORP              | US        |     18642 | NS      | $1039105.08   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| KKR Real Estate Finance Trust, Inc.           | KKR Real Estate Finance Trust, Inc.                                   | CUSIP: 48251K100<br>LEI: 549300K23AYZDZ2REL62 | Long             | EC               | CORP              | US        |    128040 | NS      | $1152360.00   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| DMC Global, Inc.                              | DMC Global, Inc.                                                      | CUSIP: 23291C103<br>LEI: 549300CBDXD1Z5MRNG02 | Long             | EC               | CORP              | US        |     52155 | NS      | $440709.75    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Health Catalyst, Inc.                         | Health Catalyst, Inc.                                                 | CUSIP: 42225T107<br>LEI: 549300223PL6GWKVJG92 | Long             | EC               | CORP              | US        |    153399 | NS      | $437187.15    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Syndax Pharmaceuticals, Inc.                  | Syndax Pharmaceuticals, Inc.                                          | CUSIP: 87164F105<br>LEI: 529900OF94TRHKZVBS87 | Long             | EC               | CORP              | US        |    115639 | NS      | $1779106.02   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| ConnectOne Bancorp, Inc.                      | ConnectOne Bancorp, Inc.                                              | CUSIP: 20786W107<br>LEI: 549300E2M5ZYAZKUK134 | Long             | EC               | CORP              | US        |    219237 | NS      | $5439269.97   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Associated Banc-Corp.                         | Associated Banc-Corp.                                                 | CUSIP: 045487105<br>LEI: 549300N3CIN473IW5094 | Long             | EC               | CORP              | US        |     23700 | NS      | $609327.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Four Corners Property Trust, Inc.             | Four Corners Property Trust, Inc.                                     | CUSIP: 35086T109<br>LEI: 549300SVTPZPBDVNER42 | Long             | EC               | CORP              | US        |     42317 | NS      | $1032534.80   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Peloton Interactive, Inc.                     | Peloton Interactive, Inc., Class A                                    | CUSIP: 70614W100<br>LEI: 5493002YS021166W0339 | Long             | EC               | CORP              | US        |    400467 | NS      | $3604203.00   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Vaxcyte, Inc.                                 | Vaxcyte, Inc.                                                         | CUSIP: 92243G108<br>LEI: 254900M7NMHTGASX8D95 | Long             | EC               | CORP              | US        |    113088 | NS      | $4073429.76   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Coeur Mining, Inc.                            | Coeur Mining, Inc.                                                    | CUSIP: 192108504<br>LEI: 5493003AVK173D48DR70 | Long             | EC               | CORP              | US        |    524318 | NS      | $9836205.68   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Signet Jewelers Ltd.                          | Signet Jewelers Ltd.                                                  | CUSIP: N/A<br>LEI: 549300N3XPGE91WV7M22       | Long             | EC               | CORP              | BM        |    100905 | NS      | $9678807.60   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Murphy Oil Corp.                              | Murphy Oil Corp.                                                      | CUSIP: 626717102<br>LEI: QBKYQD0ODE7DC7PDIN91 | Long             | EC               | CORP              | US        |     70751 | NS      | $2010035.91   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Smartstop Self Storage REIT, Inc.             | Smartstop Self Storage REIT, Inc.                                     | CUSIP: 83192D402<br>LEI: 549300EC266625K12S42 | Long             | EC               | CORP              | US        |     42447 | NS      | $1597705.08   | 0.13%             |  |  |  | No            |                  1 | On Loan: —       |
| Marriott Vacations Worldwide Corp.            | Marriott Vacations Worldwide Corp.                                    | CUSIP: 57164Y107<br>LEI: 549300WA6BT5H4F7IO94 | Long             | EC               | CORP              | US        |     45574 | NS      | $3033405.44   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Genesco, Inc.                                 | Genesco, Inc.                                                         | CUSIP: 371532102<br>LEI: 549300VY2Q511P1K5P56 | Long             | EC               | CORP              | US        |     54733 | NS      | $1586709.67   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Ichor Holdings Ltd.                           | Ichor Holdings Ltd.                                                   | CUSIP: N/A<br>LEI: 529900PS8R2JVLJ2H892       | Long             | EC               | CORP              | KY        |     71580 | NS      | $1254081.60   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| SkyWest, Inc.                                 | SkyWest, Inc.                                                         | CUSIP: 830879102<br>LEI: 529900UYS2KGS6Z42P09 | Long             | EC               | CORP              | US        |     58870 | NS      | $5923499.40   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| First Merchants Corp.                         | First Merchants Corp.                                                 | CUSIP: 320817109<br>LEI: TZTBT0OTGQ2FEK6XMX94 | Long             | EC               | CORP              | US        |    117356 | NS      | $4424321.20   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Avista Corp.                                  | Avista Corp.                                                          | CUSIP: 05379B107<br>LEI: Q0IK63NITJD6RJ47SW96 | Long             | EC               | CORP              | US        |     16021 | NS      | $605754.01    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Ladder Capital Corp.                          | Ladder Capital Corp.                                                  | CUSIP: 505743104<br>LEI: 549300Q6LLV2QCV67C06 | Long             | EC               | CORP              | US        |    727855 | NS      | $7940898.05   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Beam Therapeutics, Inc.                       | Beam Therapeutics, Inc.                                               | CUSIP: 07373V105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    143022 | NS      | $3471143.94   | 0.28%             |  |  |  | No            |                  1 | On Loan: —       |
| Agios Pharmaceuticals, Inc.                   | Agios Pharmaceuticals, Inc.                                           | CUSIP: 00847X104<br>LEI: 529900ONJHY8EOGYT555 | Long             | EC               | CORP              | US        |     78446 | NS      | $3148822.44   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Unitil Corp.                                  | Unitil Corp.                                                          | CUSIP: 913259107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    114955 | NS      | $5501746.30   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Black Hills Corp.                             | Black Hills Corp.                                                     | CUSIP: 092113109<br>LEI: 3MGELCRSTNSAMJ962671 | Long             | EC               | CORP              | US        |     93284 | NS      | $5745361.56   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Lumen Technologies, Inc.                      | Lumen Technologies, Inc.                                              | CUSIP: 550241103<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | EC               | CORP              | US        |     97947 | NS      | $599435.64    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| International Seaways, Inc.                   | International Seaways, Inc.                                           | CUSIP: N/A<br>LEI: 549300YUFDGFRNGBWF46       | Long             | EC               | CORP              | MH        |     43042 | NS      | $1983375.36   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Topgolf Callaway Brands Corp.                 | Topgolf Callaway Brands Corp.                                         | CUSIP: 131193104<br>LEI: 5493005UB0KFRKBPCU72 | Long             | EC               | CORP              | US        |    192800 | NS      | $1831600.00   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Dole plc                                      | Dole plc                                                              | CUSIP: N/A<br>LEI: 635400JUG5XJXOPPJJ47       | Long             | EC               | CORP              | IE        |    239783 | NS      | $3222683.52   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| API Group Corp.                               | API Group Corp.                                                       | CUSIP: 00187Y100<br>LEI: 213800NZT1VX6PZ7BT53 | Long             | EC               | CORP              | US        |     57985 | NS      | $1992944.45   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| MRC Global, Inc.                              | MRC Global, Inc.                                                      | CUSIP: 55345K103<br>LEI: 529900TSBPOLCLI2L582 | Long             | EC               | CORP              | US        |    212726 | NS      | $3067508.92   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Veritex Holdings, Inc.                        | Veritex Holdings, Inc.                                                | CUSIP: 923451108<br>LEI: 549300F3SMOML02SC814 | Long             | EC               | CORP              | US        |     54258 | NS      | $1819270.74   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| American States Water Co.                     | American States Water Co.                                             | CUSIP: 029899101<br>LEI: 529900L26LIS2V8PWM23 | Long             | EC               | CORP              | US        |     21518 | NS      | $1577699.76   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Cadence Bank                                  | Cadence Bank                                                          | CUSIP: 12740C103<br>LEI: Q7C315HKI8VX0SSKBS64 | Long             | EC               | CORP              | US        |     37117 | NS      | $1393372.18   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Dana, Inc.                                    | Dana, Inc.                                                            | CUSIP: 235825205<br>LEI: KVWHW7YLZPFJM8QYNJ51 | Long             | EC               | CORP              | US        |    264255 | NS      | $5295670.20   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Alexander & Baldwin, Inc.                     | Alexander & Baldwin, Inc.                                             | CUSIP: 014491104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    283096 | NS      | $5149516.24   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| BayCom Corp.                                  | BayCom Corp.                                                          | CUSIP: 07272M107<br>LEI: 549300UOLS54Q5ONIG33 | Long             | EC               | CORP              | US        |      8908 | NS      | $256105.00    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| First BanCorp                                 | First BanCorp                                                         | CUSIP: 318672706<br>LEI: N/A                  | Long             | EC               | CORP              | PR        |    188001 | NS      | $4145422.05   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| BellRing Brands, Inc.                         | BellRing Brands, Inc.                                                 | CUSIP: 07831C103<br>LEI: 549300S3BOK5CMTS8054 | Long             | EC               | CORP              | US        |     22869 | NS      | $831288.15    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Matador Resources Co.                         | Matador Resources Co.                                                 | CUSIP: 576485205<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | EC               | CORP              | US        |     69430 | NS      | $3119489.90   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Celldex Therapeutics, Inc.                    | Celldex Therapeutics, Inc.                                            | CUSIP: 15117B202<br>LEI: 529900F018DMYWH38923 | Long             | EC               | CORP              | US        |     54032 | NS      | $1397807.84   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Orthofix Medical, Inc.                        | Orthofix Medical, Inc.                                                | CUSIP: 68752M108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    128112 | NS      | $1875559.68   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Materion Corp.                                | Materion Corp.                                                        | CUSIP: 576690101<br>LEI: 549300CJ5RI351SUYT02 | Long             | EC               | CORP              | US        |     35860 | NS      | $4332246.60   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Par Pacific Holdings, Inc.                    | Par Pacific Holdings, Inc.                                            | CUSIP: 69888T207<br>LEI: 549300BTNS7MHSHRLR55 | Long             | EC               | CORP              | US        |    140938 | NS      | $4992023.96   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Newmark Group, Inc.                           | Newmark Group, Inc., Class A                                          | CUSIP: 65158N102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    223251 | NS      | $4163631.15   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Century Communities, Inc.                     | Century Communities, Inc.                                             | CUSIP: 156504300<br>LEI: 5299002QMB2O7ZL1CA26 | Long             | EC               | CORP              | US        |     36674 | NS      | $2324031.38   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Worthington Enterprises, Inc.                 | Worthington Enterprises, Inc.                                         | CUSIP: 981811102<br>LEI: 1WRCIANKYOIK6KYE5E82 | Long             | EC               | CORP              | US        |      4088 | NS      | $226843.12    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| SmartFinancial, Inc.                          | SmartFinancial, Inc.                                                  | CUSIP: 83190L208<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     14917 | NS      | $532984.41    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Outfront Media, Inc.                          | Outfront Media, Inc.                                                  | CUSIP: 69007J304<br>LEI: 549300RZWDYU5722I639 | Long             | EC               | CORP              | US        |     66580 | NS      | $1219745.60   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| CNX Resources Corp.                           | CNX Resources Corp.                                                   | CUSIP: 12653C108<br>LEI: 549300JK3KH8PWM3B226 | Long             | EC               | CORP              | US        |     68568 | NS      | $2202404.16   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Steelcase, Inc.                               | Steelcase, Inc., Class A                                              | CUSIP: 858155203<br>LEI: GIE4CCPBJDI8SMV1OX95 | Long             | EC               | CORP              | US        |    195882 | NS      | $3369170.40   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Rush Enterprises, Inc.                        | Rush Enterprises, Inc., Class A                                       | CUSIP: 781846209<br>LEI: 529900V3XHTN7A6DFT17 | Long             | EC               | CORP              | US        |     80939 | NS      | $4327808.33   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Mativ Holdings, Inc.                          | Mativ Holdings, Inc.                                                  | CUSIP: 808541106<br>LEI: 549300Z1FU4IDULG1R21 | Long             | EC               | CORP              | US        |    282145 | NS      | $3191059.95   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| NETSTREIT Corp.                               | NETSTREIT Corp.                                                       | CUSIP: 64119V303<br>LEI: 254900CJL0EDMEQ25Q84 | Long             | EC               | CORP              | US        |     53826 | NS      | $972097.56    | 0.08%             |  |  |  | No            |                  1 | On Loan: —       |
| 1st Source Corp.                              | 1st Source Corp.                                                      | CUSIP: 336901103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     13516 | NS      | $832044.96    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Shutterstock, Inc.                            | Shutterstock, Inc.                                                    | CUSIP: 825690100<br>LEI: 529900G2TDIS56V0LO22 | Long             | EC               | CORP              | US        |     14919 | NS      | $311061.15    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Vishay Precision Group, Inc.                  | Vishay Precision Group, Inc.                                          | CUSIP: 92835K103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     72512 | NS      | $2324009.60   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Sanmina Corp.                                 | Sanmina Corp.                                                         | CUSIP: 801056102<br>LEI: X5K24XLM8QYRXF00EB42 | Long             | EC               | CORP              | US        |     96473 | NS      | $11105007.03  | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Horizon Bancorp, Inc.                         | Horizon Bancorp, Inc.                                                 | CUSIP: 440407104<br>LEI: 549300U2OQ2EIT5MXG39 | Long             | EC               | CORP              | US        |     74909 | NS      | $1199293.09   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Safe Bulkers, Inc.                            | Safe Bulkers, Inc.                                                    | CUSIP: N/A<br>LEI: 549300V6ZM2HJJYQQO85       | Long             | EC               | CORP              | MH        |    145841 | NS      | $647534.04    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Kohl's Corp.                                  | Kohl's Corp.                                                          | CUSIP: 500255104<br>LEI: 549300JF6LPRTRJ0FH50 | Long             | EC               | CORP              | US        |    215118 | NS      | $3306363.66   | 0.26%             |  |  |  | No            |                  1 | On Loan: —       |
| Ameris Bancorp                                | Ameris Bancorp                                                        | CUSIP: 03076K108<br>LEI: PBJHNT51T5V6G5UQFV42 | Long             | EC               | CORP              | US        |    106563 | NS      | $7812133.53   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Sabra Health Care REIT, Inc.                  | Sabra Health Care REIT, Inc.                                          | CUSIP: 78573L106<br>LEI: 549300E3BC7GU7TAZ621 | Long             | EC               | CORP              | US        |    176194 | NS      | $3284256.16   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Northrim BanCorp, Inc.                        | Northrim BanCorp, Inc.                                                | CUSIP: 666762109<br>LEI: 5493006X7RLLTZ3SG075 | Long             | EC               | CORP              | US        |     41804 | NS      | $905474.64    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| WSFS Financial Corp.                          | WSFS Financial Corp.                                                  | CUSIP: 929328102<br>LEI: 549300SU7VQHD6QRG886 | Long             | EC               | CORP              | US        |     37126 | NS      | $2002205.18   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Encore Capital Group, Inc.                    | Encore Capital Group, Inc.                                            | CUSIP: 292554102<br>LEI: 5493000UVC6H49CIH830 | Long             | EC               | CORP              | US        |     28057 | NS      | $1171099.18   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| World Kinect Corp.                            | World Kinect Corp.                                                    | CUSIP: 981475106<br>LEI: D3W7PCXCBRQLL17DZ313 | Long             | EC               | CORP              | US        |     85997 | NS      | $2231622.15   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Orrstown Financial Services, Inc.             | Orrstown Financial Services, Inc.                                     | CUSIP: 687380105<br>LEI: 5493008IR3FINUFGVM95 | Long             | EC               | CORP              | US        |     15042 | NS      | $511127.16    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| MGP Ingredients, Inc.                         | MGP Ingredients, Inc.                                                 | CUSIP: 55303J106<br>LEI: 2549006OMHFVZ4MS8538 | Long             | EC               | CORP              | US        |     60026 | NS      | $1452028.94   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Independence Realty Trust, Inc.               | Independence Realty Trust, Inc.                                       | CUSIP: 45378A106<br>LEI: 549300Z3L8NU44NQEB29 | Long             | EC               | CORP              | US        |    217133 | NS      | $3558809.87   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| First Financial Corp.                         | First Financial Corp.                                                 | CUSIP: 320218100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     41570 | NS      | $2346210.80   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| UMH Properties, Inc.                          | UMH Properties, Inc.                                                  | CUSIP: 903002103<br>LEI: 529900OM5K3PJ11F0Q09 | Long             | EC               | CORP              | US        |     39081 | NS      | $580352.85    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| John Wiley & Sons, Inc.                       | John Wiley & Sons, Inc., Class A                                      | CUSIP: 968223206<br>LEI: 5493003XM719UN7E8P64 | Long             | EC               | CORP              | US        |     72949 | NS      | $2952246.03   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Origin Bancorp, Inc.                          | Origin Bancorp, Inc.                                                  | CUSIP: 68621T102<br>LEI: 54930055DO2Z4KO3NB45 | Long             | EC               | CORP              | US        |     41189 | NS      | $1421844.28   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| NMI Holdings, Inc.                            | NMI Holdings, Inc., Class A                                           | CUSIP: 629209305<br>LEI: 529900KNNGFXJX1C3Z08 | Long             | EC               | CORP              | US        |     98924 | NS      | $3792746.16   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| RE/MAX Holdings, Inc.                         | RE/MAX Holdings, Inc., Class A                                        | CUSIP: 75524W108<br>LEI: 54930033W2KS56JHAN30 | Long             | EC               | CORP              | US        |    125294 | NS      | $1181522.42   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Consolidated Water Co. Ltd.                   | Consolidated Water Co. Ltd., Class D                                  | CUSIP: N/A<br>LEI: 5299001BMEW8X9VIJA73       | Long             | EC               | CORP              | KY        |    220410 | NS      | $7776064.80   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Avidity Biosciences, Inc.                     | Avidity Biosciences, Inc.                                             | CUSIP: 05370A108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     22941 | NS      | $999539.37    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Postal Realty Trust, Inc.                     | Postal Realty Trust, Inc., Class A                                    | CUSIP: 73757R102<br>LEI: 5493007B7ZZSIJRGWC41 | Long             | EC               | CORP              | US        |     62141 | NS      | $974992.29    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Commercial Metals Co.                         | Commercial Metals Co.                                                 | CUSIP: 201723103<br>LEI: 549300OQS2LO07ZJ7N73 | Long             | EC               | CORP              | US        |    130962 | NS      | $7501503.36   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| SL Green Realty Corp.                         | SL Green Realty Corp.                                                 | CUSIP: 78440X887<br>LEI: 549300VQZPJU97H3GT17 | Long             | EC               | CORP              | US        |     61020 | NS      | $3649606.20   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Costamare Bulkers Holdings Ltd.               | Costamare Bulkers Holdings Ltd.                                       | CUSIP: N/A<br>LEI: 529900XOR3ESNE5WKB78       | Long             | EC               | CORP              | MH        |     16650 | NS      | $239260.50    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| DigitalBridge Group, Inc.                     | DigitalBridge Group, Inc.                                             | CUSIP: 25401T603<br>LEI: 549300XG87L902AGBO89 | Long             | EC               | CORP              | US        |    110637 | NS      | $1294452.90   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Community Trust Bancorp, Inc.                 | Community Trust Bancorp, Inc.                                         | CUSIP: 204149108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     17310 | NS      | $968494.50    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| M/I Homes, Inc.                               | M/I Homes, Inc.                                                       | CUSIP: 55305B101<br>LEI: 5299005M71FH9CCSFB69 | Long             | EC               | CORP              | US        |     42302 | NS      | $6110100.88   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| MYR Group, Inc.                               | MYR Group, Inc.                                                       | CUSIP: 55405W104<br>LEI: 529900G1IMMZHOQ17I54 | Long             | EC               | CORP              | US        |     32130 | NS      | $6684003.90   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Compass Diversified Holdings                  | Compass Diversified Holdings                                          | CUSIP: 20451Q104<br>LEI: 5299001SM1LBYANJRR58 | Long             | EC               | CORP              | US        |     38066 | NS      | $251996.92    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| GRAIL, Inc.                                   | GRAIL, Inc.                                                           | CUSIP: 384747101<br>LEI: 2549009XSNESW3VE8024 | Long             | EC               | CORP              | US        |     27979 | NS      | $1654398.27   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| QuinStreet, Inc.                              | QuinStreet, Inc.                                                      | CUSIP: 74874Q100<br>LEI: 549300TP8MFBFPOS4Y78 | Long             | EC               | CORP              | US        |     19266 | NS      | $298045.02    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Tanger, Inc.                                  | Tanger, Inc.                                                          | CUSIP: 875465106<br>LEI: UKEW8YSXE4Y581KYOL30 | Long             | EC               | CORP              | US        |     14400 | NS      | $487296.00    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Asbury Automotive Group, Inc.                 | Asbury Automotive Group, Inc.                                         | CUSIP: 043436104<br>LEI: 549300JH4DTA7U42GL91 | Long             | EC               | CORP              | US        |     16736 | NS      | $4091115.20   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Primoris Services Corp.                       | Primoris Services Corp.                                               | CUSIP: 74164F103<br>LEI: 549300UF3OLBJ8D5K349 | Long             | EC               | CORP              | US        |     46566 | NS      | $6394908.78   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Porch Group, Inc.                             | Porch Group, Inc.                                                     | CUSIP: 733245104<br>LEI: 549300NXEI7CVW8IXQ90 | Long             | EC               | CORP              | US        |     81081 | NS      | $1360539.18   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| IBEX Holdings Ltd.                            | IBEX Holdings Ltd.                                                    | CUSIP: N/A<br>LEI: 5493000GRFLPVYU2CX17       | Long             | EC               | CORP              | BM        |     37587 | NS      | $1523025.24   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Beazer Homes USA, Inc.                        | Beazer Homes USA, Inc.                                                | CUSIP: 07556Q881<br>LEI: 549300DUPYT2T0F60I45 | Long             | EC               | CORP              | US        |     47658 | NS      | $1170003.90   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Akero Therapeutics, Inc.                      | Akero Therapeutics, Inc.                                              | CUSIP: 00973Y108<br>LEI: 549300SI3KG74LBE2955 | Long             | EC               | CORP              | US        |     28883 | NS      | $1371364.84   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| California Resources Corp.                    | California Resources Corp.                                            | CUSIP: 13057Q305<br>LEI: 5493003Q8F0T4F4YMR48 | Long             | EC               | CORP              | US        |     21936 | NS      | $1166556.48   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Intellia Therapeutics, Inc.                   | Intellia Therapeutics, Inc.                                           | CUSIP: 45826J105<br>LEI: 5493002T5BCPE5DZC723 | Long             | EC               | CORP              | US        |     72557 | NS      | $1253059.39   | 0.10%             |  |  |  | No            |                  1 | On Loan: —       |
| Cushman & Wakefield plc                       | Cushman & Wakefield plc                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | GB        |    129427 | NS      | $2060477.84   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| HomeTrust Bancshares, Inc.                    | HomeTrust Bancshares, Inc.                                            | CUSIP: 437872104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     30124 | NS      | $1233276.56   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Spire, Inc.                                   | Spire, Inc.                                                           | CUSIP: 84857L101<br>LEI: 549300NXSY15DRY2R511 | Long             | EC               | CORP              | US        |     31974 | NS      | $2606520.48   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Diodes, Inc.                                  | Diodes, Inc.                                                          | CUSIP: 254543101<br>LEI: 549300XP2X1ARVH3BX23 | Long             | EC               | CORP              | US        |     81348 | NS      | $4328527.08   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Sonic Automotive, Inc.                        | Sonic Automotive, Inc., Class A                                       | CUSIP: 83545G102<br>LEI: 549300NTLRGJ2JCBZU03 | Long             | EC               | CORP              | US        |     22972 | NS      | $1747939.48   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| HB Fuller Co.                                 | HB Fuller Co.                                                         | CUSIP: 359694106<br>LEI: JSMX3Z5FOYM8V0Q52357 | Long             | EC               | CORP              | US        |    118028 | NS      | $6996699.84   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Aurinia Pharmaceuticals, Inc.                 | Aurinia Pharmaceuticals, Inc.                                         | CUSIP: 05156V102<br>LEI: 5299008YP2BW4570ML28 | Long             | EC               | CORP              | CA        |    148380 | NS      | $1639599.00   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Costamare, Inc.                               | Costamare, Inc.                                                       | CUSIP: N/A<br>LEI: 5299003L6NPTZ25LN818       | Long             | EC               | CORP              | MH        |    310422 | NS      | $3697126.02   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| EchoStar Corp.                                | EchoStar Corp., Class A                                               | CUSIP: 278768106<br>LEI: 549300EE20907QZ9GT38 | Long             | EC               | CORP              | US        |    121334 | NS      | $9265064.24   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| PennyMac Financial Services, Inc.             | PennyMac Financial Services, Inc.                                     | CUSIP: 70932M107<br>LEI: 549300W1D516HBDEU871 | Long             | EC               | CORP              | US        |     41228 | NS      | $5107324.64   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Cerence, Inc.                                 | Cerence, Inc.                                                         | CUSIP: 156727109<br>LEI: 5493002WL2W5WMS89568 | Long             | EC               | CORP              | US        |     58873 | NS      | $733557.58    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Digital Turbine, Inc.                         | Digital Turbine, Inc.                                                 | CUSIP: 25400W102<br>LEI: 549300D0WZR1VI2QGB24 | Long             | EC               | CORP              | US        |    170420 | NS      | $1090688.00   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| PBF Energy, Inc.                              | PBF Energy, Inc., Class A                                             | CUSIP: 69318G106<br>LEI: 2549003PBEDCSZMZIY02 | Long             | EC               | CORP              | US        |     75598 | NS      | $2280791.66   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Travere Therapeutics, Inc.                    | Travere Therapeutics, Inc.                                            | CUSIP: 89422G107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    155425 | NS      | $3714657.50   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Clearway Energy, Inc.                         | Clearway Energy, Inc., Class C                                        | CUSIP: 18539C204<br>LEI: 549300LHAZ9HA9G3XC48 | Long             | EC               | CORP              | US        |     16003 | NS      | $452084.75    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| ABM Industries, Inc.                          | ABM Industries, Inc.                                                  | CUSIP: 000957100<br>LEI: QF02R89VEIOROM77J447 | Long             | EC               | CORP              | US        |    121698 | NS      | $5612711.76   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Peapack-Gladstone Financial Corp.             | Peapack-Gladstone Financial Corp.                                     | CUSIP: 704699107<br>LEI: 549300G8DN2UK8K0ET30 | Long             | EC               | CORP              | US        |     40730 | NS      | $1124148.00   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Verint Systems, Inc.                          | Verint Systems, Inc.                                                  | CUSIP: 92343X100<br>LEI: 549300KEQJS5FRVUCO94 | Long             | EC               | CORP              | US        |     84153 | NS      | $1704098.25   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Penguin Solutions, Inc.                       | Penguin Solutions, Inc.                                               | CUSIP: 706915105<br>LEI: 254900DVWIPOY3GJ8E23 | Long             | EC               | CORP              | US        |    149398 | NS      | $3926179.44   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Ambarella, Inc.                               | Ambarella, Inc.                                                       | CUSIP: N/A<br>LEI: 254900XN7F4DG0CEKC02       | Long             | EC               | CORP              | KY        |     19260 | NS      | $1589335.20   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| ProPetro Holding Corp.                        | ProPetro Holding Corp.                                                | CUSIP: 74347M108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    294111 | NS      | $1541141.64   | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| PROG Holdings, Inc.                           | PROG Holdings, Inc.                                                   | CUSIP: 74319R101<br>LEI: 549300DHYTLBOVRXIG52 | Long             | EC               | CORP              | US        |    107158 | NS      | $3467632.88   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Adeia, Inc.                                   | Adeia, Inc.                                                           | CUSIP: 00676P107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    242873 | NS      | $4080266.40   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Securities Lending Money Market Fund | JPMorgan Securities Lending Money Market Fund, Class Agency SL Shares | CUSIP: 46645V642<br>LEI: 5493002FD4HXUJXMRO62 | Long             | STIV             | RF                | US        |  37608461 | NS      | $37608460.95  | 3.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Kite Realty Group Trust                       | Kite Realty Group Trust                                               | CUSIP: 49803T300<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    239188 | NS      | $5333892.40   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Univest Financial Corp.                       | Univest Financial Corp.                                               | CUSIP: 915271100<br>LEI: 4WII2HCR8UEWNU03U507 | Long             | EC               | CORP              | US        |     28126 | NS      | $844342.52    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Ecovyst, Inc.                                 | Ecovyst, Inc.                                                         | CUSIP: 27923Q109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     41094 | NS      | $359983.44    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| OFG Bancorp                                   | OFG Bancorp                                                           | CUSIP: 67103X102<br>LEI: 549300Q4QEXJ37LEXQ06 | Long             | EC               | CORP              | PR        |    111667 | NS      | $4856397.83   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Hamilton Insurance Group Ltd.                 | Hamilton Insurance Group Ltd., Class B                                | CUSIP: N/A<br>LEI: 549300W92BN1FIEXG871       | Long             | EC               | CORP              | BM        |    109466 | NS      | $2714756.80   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Macerich Co. (The)                            | Macerich Co. (The)                                                    | CUSIP: 554382101<br>LEI: 529900PSWCB5KI0JYU46 | Long             | EC               | CORP              | US        |     98189 | NS      | $1787039.80   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Paramount Group, Inc.                         | Paramount Group, Inc.                                                 | CUSIP: 69924R108<br>LEI: 5493006GJU1CFI7Z5J17 | Long             | EC               | CORP              | US        |    178260 | NS      | $1165820.40   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| nLight, Inc.                                  | nLight, Inc.                                                          | CUSIP: 65487K100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     29679 | NS      | $879388.77    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| O-I Glass, Inc.                               | O-I Glass, Inc.                                                       | CUSIP: 67098H104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    259839 | NS      | $3370111.83   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Matson, Inc.                                  | Matson, Inc.                                                          | CUSIP: 57686G105<br>LEI: 549300OI5H3Y0I9I4I12 | Long             | EC               | CORP              | US        |     25909 | NS      | $2554368.31   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Modine Manufacturing Co.                      | Modine Manufacturing Co.                                              | CUSIP: 607828100<br>LEI: Z35SZFYJR8GZZRSIUU09 | Long             | EC               | CORP              | US        |     40741 | NS      | $5791740.56   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Benchmark Electronics, Inc.                   | Benchmark Electronics, Inc.                                           | CUSIP: 08160H101<br>LEI: 549300W18RHYZOZKOP53 | Long             | EC               | CORP              | US        |     64195 | NS      | $2474717.25   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| AMC Entertainment Holdings, Inc.              | AMC Entertainment Holdings, Inc., Class A                             | CUSIP: 00165C302<br>LEI: 549300ZO77UNR6NRBR11 | Long             | EC               | CORP              | US        |    475229 | NS      | $1378164.10   | 0.11%             |  |  |  | No            |                  1 | On Loan: —       |
| Selective Insurance Group, Inc.               | Selective Insurance Group, Inc.                                       | CUSIP: 816300107<br>LEI: 549300R3WGJWLE40R258 | Long             | EC               | CORP              | US        |      7908 | NS      | $641101.56    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Ryman Hospitality Properties, Inc.            | Ryman Hospitality Properties, Inc.                                    | CUSIP: 78377T107<br>LEI: 529900GCCWW9SRMPJR11 | Long             | EC               | CORP              | US        |     35734 | NS      | $3201409.06   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| BigBear.ai Holdings, Inc.                     | BigBear.ai Holdings, Inc.                                             | CUSIP: 08975B109<br>LEI: 549300XGCF2ELN28CS63 | Long             | EC               | CORP              | US        |    598446 | NS      | $3901867.92   | 0.31%             |  |  |  | No            |                  1 | On Loan: —       |
| Otter Tail Corp.                              | Otter Tail Corp.                                                      | CUSIP: 689648103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     84907 | NS      | $6959826.79   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| BlueLinx Holdings, Inc.                       | BlueLinx Holdings, Inc.                                               | CUSIP: 09624H208<br>LEI: 549300YSX7GU28F5I540 | Long             | EC               | CORP              | US        |     12194 | NS      | $891137.52    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Prime Money Market Fund              | JPMorgan Prime Money Market Fund, Class IM                            | CUSIP: 46637K844<br>LEI: 549300YD7H8SEEU7VG41 | Long             | STIV             | RF                | US        |  10547307 | NS      | $10551526.26  | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of NT Butterfield & Son Ltd. (The)       | Bank of NT Butterfield & Son Ltd. (The)                               | CUSIP: N/A<br>LEI: 549300V8RVM0EMTDPF28       | Long             | EC               | CORP              | BM        |    161468 | NS      | $6930206.56   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Empire State Realty Trust, Inc.               | Empire State Realty Trust, Inc., Class A                              | CUSIP: 292104106<br>LEI: 549300VOKY1DUEQSB456 | Long             | EC               | CORP              | US        |    348039 | NS      | $2665978.74   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Adamas Trust, Inc.                            | Adamas Trust, Inc.                                                    | CUSIP: 649604840<br>LEI: 549300JFGR0M7ULHWG48 | Long             | EC               | CORP              | US        |    153750 | NS      | $1071637.50   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Minerals Technologies, Inc.                   | Minerals Technologies, Inc.                                           | CUSIP: 603158106<br>LEI: 549300D3I1QU67GP6403 | Long             | EC               | CORP              | US        |     20291 | NS      | $1260476.92   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Heidrick & Struggles International, Inc.      | Heidrick & Struggles International, Inc.                              | CUSIP: 422819102<br>LEI: 5493006284N2J367VB57 | Long             | EC               | CORP              | US        |     67155 | NS      | $3342304.35   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Heritage Commerce Corp.                       | Heritage Commerce Corp.                                               | CUSIP: 426927109<br>LEI: 549300CLIS851ELSR406 | Long             | EC               | CORP              | US        |    436902 | NS      | $4338436.86   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Prestige Consumer Healthcare, Inc.            | Prestige Consumer Healthcare, Inc.                                    | CUSIP: 74112D101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     33018 | NS      | $2060323.20   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Knowles Corp.                                 | Knowles Corp.                                                         | CUSIP: 49926D109<br>LEI: 5493003EO323TDZQU148 | Long             | EC               | CORP              | US        |    346816 | NS      | $8084280.96   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Enterprise Financial Services Corp.           | Enterprise Financial Services Corp.                                   | CUSIP: 293712105<br>LEI: 5493001XTU5DLD632129 | Long             | EC               | CORP              | US        |    134155 | NS      | $7778306.90   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| SSR Mining, Inc.                              | SSR Mining, Inc.                                                      | CUSIP: 784730103<br>LEI: 549300JD2KR7AB9DYJ38 | Long             | EC               | CORP              | CA        |    135180 | NS      | $3301095.60   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Chatham Lodging Trust                         | Chatham Lodging Trust                                                 | CUSIP: 16208T102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    371205 | NS      | $2490785.55   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Capital Bancshares, Inc.                | Texas Capital Bancshares, Inc.                                        | CUSIP: 88224Q107<br>LEI: 549300466Q2SXRX0YM48 | Long             | EC               | CORP              | US        |     28465 | NS      | $2406146.45   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Centrus Energy Corp.                          | Centrus Energy Corp., Class A                                         | CUSIP: 15643U104<br>LEI: 549300G6VDK9G8276661 | Long             | EC               | CORP              | US        |      3056 | NS      | $947573.92    | 0.08%             |  |  |  | No            |                  1 | On Loan: —       |
| Enact Holdings, Inc.                          | Enact Holdings, Inc.                                                  | CUSIP: 29249E109<br>LEI: 9845003CA5664B741N19 | Long             | EC               | CORP              | US        |     58732 | NS      | $2251784.88   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Cipher Mining, Inc.                           | Cipher Mining, Inc.                                                   | CUSIP: 17253J106<br>LEI: 254900QABG5HCQZ28A17 | Long             | EC               | CORP              | US        |    253825 | NS      | $3195656.75   | 0.26%             |  |  |  | No            |                  1 | On Loan: —       |
| First Mid Bancshares, Inc.                    | First Mid Bancshares, Inc.                                            | CUSIP: 320866106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     81004 | NS      | $3068431.52   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| AMC Networks, Inc.                            | AMC Networks, Inc., Class A                                           | CUSIP: 00164V103<br>LEI: 549300VGG9K75226LR46 | Long             | EC               | CORP              | US        |     62620 | NS      | $515988.80    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| American Assets Trust, Inc.                   | American Assets Trust, Inc.                                           | CUSIP: 024013104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     97300 | NS      | $1977136.00   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Beta Bionics, Inc.                            | Beta Bionics, Inc.                                                    | CUSIP: 08659B102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    119628 | NS      | $2377008.36   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Community Healthcare Trust, Inc.              | Community Healthcare Trust, Inc.                                      | CUSIP: 20369C106<br>LEI: 549300FATSRCMKOV9536 | Long             | EC               | CORP              | US        |     27920 | NS      | $427176.00    | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Arcosa, Inc.                                  | Arcosa, Inc.                                                          | CUSIP: 039653100<br>LEI: 549300WFHLTCZV7D6V29 | Long             | EC               | CORP              | US        |     43496 | NS      | $4076010.16   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Oceaneering International, Inc.               | Oceaneering International, Inc.                                       | CUSIP: 675232102<br>LEI: 549300L6PH74701W0R30 | Long             | EC               | CORP              | US        |     31867 | NS      | $789664.26    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| LiveRamp Holdings, Inc.                       | LiveRamp Holdings, Inc.                                               | CUSIP: 53815P108<br>LEI: 254900GXS75LG1X7RF88 | Long             | EC               | CORP              | US        |    149454 | NS      | $4056181.56   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Getty Realty Corp.                            | Getty Realty Corp.                                                    | CUSIP: 374297109<br>LEI: 2549000P1W5SFJWCNP90 | Long             | EC               | CORP              | US        |     28112 | NS      | $754244.96    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| NETGEAR, Inc.                                 | NETGEAR, Inc.                                                         | CUSIP: 64111Q104<br>LEI: 54930067KX3UNRHDWA78 | Long             | EC               | CORP              | US        |    120160 | NS      | $3891982.40   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Dime Community Bancshares, Inc.               | Dime Community Bancshares, Inc.                                       | CUSIP: 25432X102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     30164 | NS      | $899792.12    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Relay Therapeutics, Inc.                      | Relay Therapeutics, Inc.                                              | CUSIP: 75943R102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    249682 | NS      | $1303340.04   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Armada Hoffler Properties, Inc.               | Armada Hoffler Properties, Inc.                                       | CUSIP: 04208T108<br>LEI: 549300WQRSIV6XZT9313 | Long             | EC               | CORP              | US        |     40322 | NS      | $282657.22    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| SouthState Bank Corp.                         | SouthState Bank Corp.                                                 | CUSIP: 84472E102<br>LEI: 549300JZUANXM0YQ4W53 | Long             | EC               | CORP              | US        |     30329 | NS      | $2998628.23   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphatec Holdings, Inc.                       | Alphatec Holdings, Inc.                                               | CUSIP: 02081G201<br>LEI: 549300EZE8CQ8K65FS24 | Long             | EC               | CORP              | US        |    225167 | NS      | $3273928.18   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| WESCO International, Inc.                     | WESCO International, Inc.                                             | CUSIP: 95082P105<br>LEI: 529900TXOGREY3WNJ434 | Long             | EC               | CORP              | US        |     24345 | NS      | $5148967.50   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Perdoceo Education Corp.                      | Perdoceo Education Corp.                                              | CUSIP: 71363P106<br>LEI: 529900X5PCA184O9LY90 | Long             | EC               | CORP              | US        |     44701 | NS      | $1683439.66   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Central Pacific Financial Corp.               | Central Pacific Financial Corp.                                       | CUSIP: 154760409<br>LEI: 549300W3YEAOZ4KGG849 | Long             | EC               | CORP              | US        |     55162 | NS      | $1673615.08   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Mr. Cooper Group, Inc.                        | Mr. Cooper Group, Inc.                                                | CUSIP: 62482R107<br>LEI: 549300KD8C6DPXYC2M26 | Long             | EC               | CORP              | US        |     14119 | NS      | $2976144.01   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| IDACORP, Inc.                                 | IDACORP, Inc.                                                         | CUSIP: 451107106<br>LEI: N134NUJDWN8UEFA8B673 | Long             | EC               | CORP              | US        |     45299 | NS      | $5986262.85   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadstone Net Lease, Inc.                    | Broadstone Net Lease, Inc.                                            | CUSIP: 11135E203<br>LEI: 549300U8D7PT70B49V21 | Long             | EC               | CORP              | US        |    421466 | NS      | $7531597.42   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Southwest Gas Holdings, Inc.                  | Southwest Gas Holdings, Inc.                                          | CUSIP: 844895102<br>LEI: 254900LKF9EV0CUKNE09 | Long             | EC               | CORP              | US        |    159339 | NS      | $12482617.26  | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Veris Residential, Inc.                       | Veris Residential, Inc.                                               | CUSIP: 554489104<br>LEI: 254900KTVBRYJCQU2J23 | Long             | EC               | CORP              | US        |     66203 | NS      | $1006285.60   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| CRISPR Therapeutics AG                        | CRISPR Therapeutics AG                                                | CUSIP: N/A<br>LEI: 506700O6IRRIQLT3W370       | Long             | EC               | CORP              | CH        |    107915 | NS      | $6993971.15   | 0.56%             |  |  |  | No            |                  1 | On Loan: —       |
| MARA Holdings, Inc.                           | MARA Holdings, Inc.                                                   | CUSIP: 565788106<br>LEI: 549300M8ISKPTX2W7F94 | Long             | EC               | CORP              | US        |    416200 | NS      | $7599812.00   | 0.61%             |  |  |  | No            |                  1 | On Loan: —       |
| CTS Corp.                                     | CTS Corp.                                                             | CUSIP: 126501105<br>LEI: 549300YV1HQLBVHOI649 | Long             | EC               | CORP              | US        |     12355 | NS      | $493458.70    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| EnerSys                                       | EnerSys                                                               | CUSIP: 29275Y102<br>LEI: 7ZS3DE5PN30BYUJFWP05 | Long             | EC               | CORP              | US        |     59375 | NS      | $6707000.00   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Sana Biotechnology, Inc.                      | Sana Biotechnology, Inc.                                              | CUSIP: 799566104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    890991 | NS      | $3163018.05   | 0.25%             |  |  |  | No            |                  1 | On Loan: —       |
| TPG RE Finance Trust, Inc.                    | TPG RE Finance Trust, Inc.                                            | CUSIP: 87266M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    190263 | NS      | $1628651.28   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Pathward Financial, Inc.                      | Pathward Financial, Inc.                                              | CUSIP: 59100U108<br>LEI: 5493004X52BH1NBLW813 | Long             | EC               | CORP              | US        |     62092 | NS      | $4595428.92   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| First Interstate BancSystem, Inc.             | First Interstate BancSystem, Inc., Class A                            | CUSIP: 32055Y201<br>LEI: 549300WRWYTYX0RCNJ43 | Long             | EC               | CORP              | US        |     24447 | NS      | $779125.89    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Veeco Instruments, Inc.                       | Veeco Instruments, Inc.                                               | CUSIP: 922417100<br>LEI: 5493004201F72ADDZW04 | Long             | EC               | CORP              | US        |     54382 | NS      | $1654844.26   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Enova International, Inc.                     | Enova International, Inc.                                             | CUSIP: 29357K103<br>LEI: 549300O8XOCQSB49UO63 | Long             | EC               | CORP              | US        |     43798 | NS      | $5040711.82   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| First Financial Bancorp                       | First Financial Bancorp                                               | CUSIP: 320209109<br>LEI: 549300D3F5B3EZMY7P77 | Long             | EC               | CORP              | US        |     41034 | NS      | $1036108.50   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| New Fortress Energy, Inc.                     | New Fortress Energy, Inc.                                             | CUSIP: 644393100<br>LEI: 254900EICTYTCHA5X705 | Long             | EC               | CORP              | US        |    244115 | NS      | $539494.15    | 0.04%             |  |  |  | No            |                  1 | On Loan: —       |
| DNOW, Inc.                                    | DNOW, Inc.                                                            | CUSIP: 67011P100<br>LEI: 549300AVH5SOCFVVDW91 | Long             | EC               | CORP              | US        |    292611 | NS      | $4462317.75   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Sierra Bancorp                                | Sierra Bancorp                                                        | CUSIP: 82620P102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     17942 | NS      | $518703.22    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| ASGN, Inc.                                    | ASGN, Inc.                                                            | CUSIP: 00191U102<br>LEI: LZBNYYCBUKY537072438 | Long             | EC               | CORP              | US        |     50930 | NS      | $2411535.50   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Brightspire Capital, Inc.                     | Brightspire Capital, Inc.                                             | CUSIP: 10949T109<br>LEI: 549300BOIFLLMVU37752 | Long             | EC               | CORP              | US        |    569455 | NS      | $3092140.65   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Genie Energy Ltd.                             | Genie Energy Ltd., Class B                                            | CUSIP: 372284208<br>LEI: 52990057E36X8869GX58 | Long             | EC               | CORP              | US        |     37654 | NS      | $562927.30    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Denali Therapeutics, Inc.                     | Denali Therapeutics, Inc.                                             | CUSIP: 24823R105<br>LEI: 549300ZTQ2HO18L3Q830 | Long             | EC               | CORP              | US        |     36544 | NS      | $530618.88    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| American Healthcare REIT, Inc.                | American Healthcare REIT, Inc.                                        | CUSIP: 398182303<br>LEI: 2549004GGE2APGNT6O92 | Long             | EC               | CORP              | US        |      6963 | NS      | $292515.63    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Phillips Edison & Co., Inc.                   | Phillips Edison & Co., Inc.                                           | CUSIP: 71844V201<br>LEI: 549300JPN4YHYPXTJQ85 | Long             | EC               | CORP              | US        |    162002 | NS      | $5561528.66   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Simmons First National Corp.                  | Simmons First National Corp., Class A                                 | CUSIP: 828730200<br>LEI: 549300IVR5AJKUVOGN05 | Long             | EC               | CORP              | US        |     67735 | NS      | $1298479.95   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Patterson-UTI Energy, Inc.                    | Patterson-UTI Energy, Inc.                                            | CUSIP: 703481101<br>LEI: 254900XGFBKIXD6G0697 | Long             | EC               | CORP              | US        |    223135 | NS      | $1155839.30   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Unity Bancorp, Inc.                           | Unity Bancorp, Inc.                                                   | CUSIP: 913290102<br>LEI: 549300Q90ZRNUR65PL93 | Long             | EC               | CORP              | US        |      4010 | NS      | $195968.70    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Hecla Mining Co.                              | Hecla Mining Co.                                                      | CUSIP: 422704106<br>LEI: 5493009Y6HOBZD1QD537 | Long             | EC               | CORP              | US        |    572270 | NS      | $6924467.00   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Portland General Electric Co.                 | Portland General Electric Co.                                         | CUSIP: 736508847<br>LEI: GJOUP9M7C39GLSK9R870 | Long             | EC               | CORP              | US        |    164876 | NS      | $7254544.00   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Biohaven Ltd.                                 | Biohaven Ltd.                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | VG        |      3624 | NS      | $54396.24     | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Quaker Chemical Corp.                         | Quaker Chemical Corp.                                                 | CUSIP: 747316107<br>LEI: 549300PJQ1R3WCWCPS54 | Long             | EC               | CORP              | US        |     21498 | NS      | $2832361.50   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| TTM Technologies, Inc.                        | TTM Technologies, Inc.                                                | CUSIP: 87305R109<br>LEI: 549300SC4BDOIS008048 | Long             | EC               | CORP              | US        |     92662 | NS      | $5337331.20   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| American Eagle Outfitters, Inc.               | American Eagle Outfitters, Inc.                                       | CUSIP: 02553E106<br>LEI: 5299001Z9HXK01DHW793 | Long             | EC               | CORP              | US        |    191348 | NS      | $3273964.28   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Navitas Semiconductor Corp.                   | Navitas Semiconductor Corp.                                           | CUSIP: 63942X106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    303357 | NS      | $2190237.54   | 0.18%             |  |  |  | No            |                  1 | On Loan: —       |
| Atlantic Union Bankshares Corp.               | Atlantic Union Bankshares Corp.                                       | CUSIP: 04911A107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     30034 | NS      | $1059899.86   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Teekay Corp. Ltd.                             | Teekay Corp. Ltd.                                                     | CUSIP: N/A<br>LEI: YHKQM2RIPKZYOZ6RVZ46       | Long             | EC               | CORP              | BM        |    271719 | NS      | $2222661.42   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Tutor Perini Corp.                            | Tutor Perini Corp.                                                    | CUSIP: 901109108<br>LEI: 549300FHXYVPW8LJ6D98 | Long             | EC               | CORP              | US        |     86470 | NS      | $5671567.30   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Energy, Inc.                          | Liberty Energy, Inc.                                                  | CUSIP: 53115L104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    361838 | NS      | $4465080.92   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Spok Holdings, Inc.                           | Spok Holdings, Inc.                                                   | CUSIP: 84863T106<br>LEI: 549300HXXANIVN2ICC89 | Long             | EC               | CORP              | US        |     48977 | NS      | $844853.25    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Green Brick Partners, Inc.                    | Green Brick Partners, Inc.                                            | CUSIP: 392709101<br>LEI: 549300R7SCIV7FQI6T56 | Long             | EC               | CORP              | US        |     33077 | NS      | $2443067.22   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| HBT Financial, Inc.                           | HBT Financial, Inc.                                                   | CUSIP: 404111106<br>LEI: 549300NTXD4Q6UK5BY66 | Long             | EC               | CORP              | US        |     10434 | NS      | $262936.80    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Erasca, Inc.                                  | Erasca, Inc.                                                          | CUSIP: 29479A108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    753831 | NS      | $1643351.58   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Provident Financial Services, Inc.            | Provident Financial Services, Inc.                                    | CUSIP: 74386T105<br>LEI: 529900JOSO3SXEDVE477 | Long             | EC               | CORP              | US        |     36645 | NS      | $706515.60    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Cidara Therapeutics, Inc.                     | Cidara Therapeutics, Inc.                                             | CUSIP: 171757206<br>LEI: 549300IHQ9Z7RI1X2D22 | Long             | EC               | CORP              | US        |     14535 | NS      | $1391871.60   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Core Natural Resources, Inc.                  | Core Natural Resources, Inc.                                          | CUSIP: 218937100<br>LEI: 549300YJCTPJBTK7IJ81 | Long             | EC               | CORP              | US        |     25600 | NS      | $2137088.00   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Avient Corp.                                  | Avient Corp.                                                          | CUSIP: 05368V106<br>LEI: SM8L9RZYIB34LNTWO040 | Long             | EC               | CORP              | US        |     61722 | NS      | $2033739.90   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Oil States International, Inc.                | Oil States International, Inc.                                        | CUSIP: 678026105<br>LEI: 5493004TF4KQJGMYL777 | Long             | EC               | CORP              | US        |    333789 | NS      | $2022761.34   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Heritage Insurance Holdings, Inc.             | Heritage Insurance Holdings, Inc.                                     | CUSIP: 42727J102<br>LEI: 9845008CCYDD87F66B45 | Long             | EC               | CORP              | US        |     18877 | NS      | $475322.86    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Buckle, Inc. (The)                            | Buckle, Inc. (The)                                                    | CUSIP: 118440106<br>LEI: 5299007IU0461T3GDL34 | Long             | EC               | CORP              | US        |     34776 | NS      | $2039960.16   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| RLJ Lodging Trust                             | RLJ Lodging Trust                                                     | CUSIP: 74965L101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    127735 | NS      | $919692.00    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Home BancShares, Inc.                         | Home BancShares, Inc.                                                 | CUSIP: 436893200<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     45519 | NS      | $1288187.70   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| StoneX Group, Inc.                            | StoneX Group, Inc.                                                    | CUSIP: 861896108<br>LEI: 549300JUF07L8VF02M60 | Long             | EC               | CORP              | US        |     19098 | NS      | $1927370.16   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| South Plains Financial, Inc.                  | South Plains Financial, Inc.                                          | CUSIP: 83946P107<br>LEI: 549300SNEBP48642N493 | Long             | EC               | CORP              | US        |    102774 | NS      | $3972215.10   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Metropolitan Bank Holding Corp.               | Metropolitan Bank Holding Corp.                                       | CUSIP: 591774104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     48604 | NS      | $3636551.28   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Tri Pointe Homes, Inc.                        | Tri Pointe Homes, Inc.                                                | CUSIP: 87265H109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    208654 | NS      | $7087976.38   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| V2X, Inc.                                     | V2X, Inc.                                                             | CUSIP: 92242T101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     44186 | NS      | $2566764.74   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Pediatrix Medical Group, Inc.                 | Pediatrix Medical Group, Inc.                                         | CUSIP: 58502B106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    321292 | NS      | $5381641.00   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Andersons, Inc. (The)                         | Andersons, Inc. (The)                                                 | CUSIP: 034164103<br>LEI: L38MWB8MVRFV7HVJPU11 | Long             | EC               | CORP              | US        |     30543 | NS      | $1215916.83   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Customers Bancorp, Inc.                       | Customers Bancorp, Inc.                                               | CUSIP: 23204G100<br>LEI: 549300WLBCHYKZ53FN68 | Long             | EC               | CORP              | US        |    117894 | NS      | $7706730.78   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Dynavax Technologies Corp.                    | Dynavax Technologies Corp.                                            | CUSIP: 268158201<br>LEI: 549300T5URIXWDILX594 | Long             | EC               | CORP              | US        |    130758 | NS      | $1298426.94   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Akebia Therapeutics, Inc.                     | Akebia Therapeutics, Inc.                                             | CUSIP: 00972D105<br>LEI: 549300CBQEHMKEEGNX42 | Long             | EC               | CORP              | US        |    565457 | NS      | $1543697.61   | 0.12%             |  |  |  | No            |                  1 | On Loan: —       |
| Victoria's Secret & Co.                       | Victoria's Secret & Co.                                               | CUSIP: 926400102<br>LEI: 5493006T3O70U3UWVF17 | Long             | EC               | CORP              | US        |     91829 | NS      | $2492239.06   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Stagwell, Inc.                                | Stagwell, Inc.                                                        | CUSIP: 85256A109<br>LEI: 549300KIYTU6J3NYJ009 | Long             | EC               | CORP              | US        |    315271 | NS      | $1774975.73   | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Valaris Ltd.                                  | Valaris Ltd.                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BM        |     17325 | NS      | $844940.25    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Noble Corp. plc                               | Noble Corp. plc                                                       | CUSIP: N/A<br>LEI: 549300I3HBUNXO0OG954       | Long             | EC               | CORP              | GB        |     39445 | NS      | $1115504.60   | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Black Rock Coffee Bar, Inc.                   | Black Rock Coffee Bar, Inc., Class A                                  | CUSIP: 092244102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8927 | NS      | $212998.22    | 0.02%             |  |  |  | No            |                  1 | On Loan: —       |
| SunCoke Energy, Inc.                          | SunCoke Energy, Inc.                                                  | CUSIP: 86722A103<br>LEI: 1KF1J2NXQE2PI0QOB943 | Long             | EC               | CORP              | US        |     76783 | NS      | $626549.28    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| CareTrust REIT, Inc.                          | CareTrust REIT, Inc.                                                  | CUSIP: 14174T107<br>LEI: 5493001NVXE2B9GPLU96 | Long             | EC               | CORP              | US        |    191758 | NS      | $6650167.44   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Embecta Corp.                                 | Embecta Corp.                                                         | CUSIP: 29082K105<br>LEI: 549300RPG8GXVDHNXZ62 | Long             | EC               | CORP              | US        |     40565 | NS      | $572372.15    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| HA Sustainable Infrastructure Capital, Inc.   | HA Sustainable Infrastructure Capital, Inc.                           | CUSIP: 41068X100<br>LEI: 254900ZZRL7MWL1X8E92 | Long             | EC               | CORP              | US        |    117767 | NS      | $3615446.90   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| PotlatchDeltic Corp.                          | PotlatchDeltic Corp.                                                  | CUSIP: 737630103<br>LEI: 54930084YA8UJOTXDM59 | Long             | EC               | CORP              | US        |    196335 | NS      | $8000651.25   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| BankUnited, Inc.                              | BankUnited, Inc.                                                      | CUSIP: 06652K103<br>LEI: 96OVUWEW5D4YX6PFXD91 | Long             | EC               | CORP              | US        |     93973 | NS      | $3586009.68   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Sunrun, Inc.                                  | Sunrun, Inc.                                                          | CUSIP: 86771W105<br>LEI: 54930007SJ77CI66U531 | Long             | EC               | CORP              | US        |    191783 | NS      | $3315928.07   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Hillenbrand, Inc.                             | Hillenbrand, Inc.                                                     | CUSIP: 431571108<br>LEI: U246OE781574J2BUD366 | Long             | EC               | CORP              | US        |     67929 | NS      | $1836800.16   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Plymouth Industrial REIT, Inc.                | Plymouth Industrial REIT, Inc.                                        | CUSIP: 729640102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     93202 | NS      | $2081200.66   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Masterbrand, Inc.                             | Masterbrand, Inc.                                                     | CUSIP: 57638P104<br>LEI: 549300E0Y4BR5Z9RDZ64 | Long             | EC               | CORP              | US        |    276408 | NS      | $3640293.36   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| MillerKnoll, Inc.                             | MillerKnoll, Inc.                                                     | CUSIP: 600544100<br>LEI: U98HXD3PNK7HYU2MU887 | Long             | EC               | CORP              | US        |    128730 | NS      | $2283670.20   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-30

**Name of Applicant:** JPMorgan Trust II

**Signature:** Timothy J. Clemens

**Name of Signer:** Timothy J. Clemens

**Title:** Treasurer and Principal Financial Officer