# EDGAR Filing Document

**Accession Number:** 0001644419
**File Stem:** 0000910472-25-002726
**Filing Date:** 2025-10
**Character Count:** 225249
**Document Hash:** 610756872eefd0bb9fdfc32b4a9dcb21
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-25-002726.hdr.sgml**: 20251029

**ACCESSION NUMBER**: 0000910472-25-002726

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250831

**FILED AS OF DATE**: 20251029

**DATE AS OF CHANGE**: 20251029

**PERIOD START**: 20251130

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Northern Lights Fund Trust IV
- **CENTRAL INDEX KEY:** 0001644419

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0916

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23066
- **FILM NUMBER:** 251430863

**BUSINESS ADDRESS:**
- **STREET 1:** 225 PICTORIA DRIVE
- **STREET 2:** SUITE 450
- **CITY:** CINCINNATI
- **STATE:** OH
- **ZIP:** 45246
- **BUSINESS PHONE:** 402-895-1600

**MAIL ADDRESS:**
- **STREET 1:** 17605 WRIGHT STREET
- **STREET 2:** SUITE 200
- **CITY:** OMAHA
- **STATE:** NE
- **ZIP:** 68154-1150

## Series and Classes Contracts Data

### Inspire Small/Mid Cap ETF (Series ID: S000056118)

| Class ID   | Class Name                | Ticker Symbol   |
|:---|:---|:---|
| C000176730 | Inspire Small/Mid Cap ETF | ISMD            |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **INSPIRE SMALL/MID CAP ETF** | **INSPIRE SMALL/MID CAP ETF** | **INSPIRE SMALL/MID CAP ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** | **SCHEDULE OF INVESTMENTS (Unaudited)** |
| **August 31, 2025** | **August 31, 2025** | **August 31, 2025** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 99.3%** |  |
|  | **ADVERTISING & MARKETING - 0.1%** |  |
| 52913 | TechTarget, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; $312187 |
|  | **AEROSPACE & DEFENSE - 0.8%** |  |
| 5776 | AAR Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 437012 |
| 4866 | Ducommun, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 443877 |
| 7069 | Hexcel Corporation | &nbsp;&nbsp;&nbsp; 446407 |
| 10509 | Spirit AeroSystems Holdings, Inc., Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 437069 |
|  |  | &nbsp;&nbsp; 1764365 |
|  | **APPAREL & TEXTILE PRODUCTS - 0.4%** |  |
| 88175 | Hanesbrands, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 556384 |
| 9862 | Oxford Industries, Inc. | &nbsp;&nbsp;&nbsp; 434421 |
|  |  | &nbsp;&nbsp; 990805 |
|  | **ASSET MANAGEMENT - 1.1%** |  |
| 19649 | Acuren Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 221444 |
| 5336 | Cohen & Steers, Inc. | &nbsp;&nbsp;&nbsp; 394117 |
| 63927 | Compass Diversified Holdings | &nbsp;&nbsp;&nbsp; 479453 |
| 2763 | Diamond Hill Investment Group, Inc. | &nbsp;&nbsp;&nbsp; 402735 |
| 6127 | Oppenheimer Holdings, Inc., Class A | &nbsp;&nbsp;&nbsp; 444636 |
| 24730 | SLR Investment Corporation | &nbsp;&nbsp;&nbsp; 411013 |
|  |  | &nbsp;&nbsp; 2353398 |
|  | **AUTOMOTIVE - 2.3%** |  |
| 20527 | Adient plc<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 509070 |
| 10504 | Aeva Technologies, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 155512 |
| 98715 | American Axle & Manufacturing Holdings, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 574520 |
| 23286 | Dana, Inc. | &nbsp;&nbsp;&nbsp; 469446 |
| 18270 | Gentex Corporation | &nbsp;&nbsp;&nbsp; 511743 |
| 14112 | Gentherm, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 518898 |
| 38636 | Goodyear Tire & Rubber Company (The)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 327633 |
| 4237 | Lear Corporation | &nbsp;&nbsp;&nbsp; 466070 |
| 4059 | Modine Manufacturing Company<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 552552 |
| 13049 | Standard Motor Products, Inc. | &nbsp;&nbsp;&nbsp; 506432 |
| 4323 | Visteon Corporation | &nbsp;&nbsp;&nbsp; 535879 |
|  |  | &nbsp;&nbsp; 5127755 |

---

---

| | | |
|:---|:---|:---|
| **INSPIRE SMALL/MID CAP ETF** | **INSPIRE SMALL/MID CAP ETF** | **INSPIRE SMALL/MID CAP ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **August 31, 2025** | **August 31, 2025** | **August 31, 2025** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 99.3% (Continued)** |  |
|  | **BANKING - 12.0%** |  |
| 6429 | 1st Source Corporation | &nbsp;&nbsp;&nbsp; $414156 |
| 18365 | Alerus Financial Corporation | &nbsp;&nbsp;&nbsp; 408989 |
| 6167 | Ameris Bancorp | &nbsp;&nbsp;&nbsp; 451918 |
| 108 | Atlantic Union Bankshares Corporation | &nbsp;&nbsp;&nbsp; 3859 |
| 3238 | BancFirst Corporation | &nbsp;&nbsp;&nbsp; 430557 |
| 11168 | BankUnited, Inc. | &nbsp;&nbsp;&nbsp; 437674 |
| 14925 | Byline Bancorp, Inc. | &nbsp;&nbsp;&nbsp; 431482 |
| 9896 | Camden National Corporation | &nbsp;&nbsp;&nbsp; 404647 |
| 10188 | Capital City Bank Group, Inc. | &nbsp;&nbsp;&nbsp; 446846 |
| 3254 | City Holding Company | &nbsp;&nbsp;&nbsp; 418074 |
| 7018 | Community Financial System, Inc. | &nbsp;&nbsp;&nbsp; 420308 |
| 6740 | Customers Bancorp, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 483191 |
| 20443 | Eagle Bancorp, Inc. | &nbsp;&nbsp;&nbsp; 397003 |
| 15652 | Farmers & Merchants Bancorp, Inc. | &nbsp;&nbsp;&nbsp; 414152 |
| 29068 | Farmers National Banc Corporation | &nbsp;&nbsp;&nbsp; 441252 |
| 8772 | FB Financial Corporation | &nbsp;&nbsp;&nbsp; 470881 |
| 17378 | First Busey Corporation | &nbsp;&nbsp;&nbsp; 429237 |
| 24565 | First Commonwealth Financial Corporation | &nbsp;&nbsp;&nbsp; 436029 |
| 16383 | First Financial Bancorp | &nbsp;&nbsp;&nbsp; 433822 |
| 11114 | First Financial Bankshares, Inc. | &nbsp;&nbsp;&nbsp; 413107 |
| 18887 | First Horizon Corporation | &nbsp;&nbsp;&nbsp; 426846 |
| 13851 | First Interstate BancSystem, Inc., Class A | &nbsp;&nbsp;&nbsp; 453205 |
| 10392 | First Merchants Corporation | &nbsp;&nbsp;&nbsp; 431476 |
| 13998 | Five Star Bancorp | &nbsp;&nbsp;&nbsp; 458714 |
| 37693 | Flagstar Financial, Inc. | &nbsp;&nbsp;&nbsp; 483223 |
| 27383 | FNB Corporation | &nbsp;&nbsp;&nbsp; 457022 |
| 22142 | Fulton Financial Corporation | &nbsp;&nbsp;&nbsp; 435312 |
| 9249 | Glacier Bancorp, Inc. | &nbsp;&nbsp;&nbsp; 454588 |
| 13123 | Hilltop Holdings, Inc. | &nbsp;&nbsp;&nbsp; 460355 |
| 14013 | Home BancShares, Inc. | &nbsp;&nbsp;&nbsp; 417027 |
| 37020 | Hope Bancorp, Inc. | &nbsp;&nbsp;&nbsp; 412033 |
| 26021 | Horizon Bancorp, Inc. | &nbsp;&nbsp;&nbsp; 438714 |
| 6003 | International Bancshares Corporation | &nbsp;&nbsp;&nbsp; 429455 |
| 6502 | Lakeland Financial Corporation | &nbsp;&nbsp;&nbsp; 445062 |

---

---

| | | |
|:---|:---|:---|
| **INSPIRE SMALL/MID CAP ETF** | **INSPIRE SMALL/MID CAP ETF** | **INSPIRE SMALL/MID CAP ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **August 31, 2025** | **August 31, 2025** | **August 31, 2025** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 99.3% (Continued)** |  |
|  | **BANKING - 12.0% (Continued)** |  |
| 13387 | Live Oak Bancshares, Inc. | &nbsp;&nbsp;&nbsp; $517942 |
| 8613 | Mercantile Bank Corporation | &nbsp;&nbsp;&nbsp; 424190 |
| 12105 | Merchants Bancorp | &nbsp;&nbsp;&nbsp; 392444 |
| 14029 | Metrocity Bankshares, Inc. | &nbsp;&nbsp;&nbsp; 420028 |
| 9626 | NBT Bancorp, Inc. | &nbsp;&nbsp;&nbsp; 426143 |
| 31210 | Northwest Bancshares, Inc. | &nbsp;&nbsp;&nbsp; 394807 |
| 13049 | Peoples Bancorp, Inc. | &nbsp;&nbsp;&nbsp; 403736 |
| 5705 | Prosperity Bancshares, Inc. | &nbsp;&nbsp;&nbsp; 394387 |
| 11105 | Renasant Corporation | &nbsp;&nbsp;&nbsp; 434539 |
| 5482 | Republic Bancorp, Inc., Class A | &nbsp;&nbsp;&nbsp; 420689 |
| 10517 | S&T Bancorp, Inc. | &nbsp;&nbsp;&nbsp; 415527 |
| 5143 | ServisFirst Bancshares, Inc. | &nbsp;&nbsp;&nbsp; 453355 |
| 21000 | Simmons First National Corporation, Class A | &nbsp;&nbsp;&nbsp; 436380 |
| 11757 | SmartFinancial, Inc. | &nbsp;&nbsp;&nbsp; 433245 |
| 13567 | Southside Bancshares, Inc. | &nbsp;&nbsp;&nbsp; 423833 |
| 7700 | Synovus Financial Corporation | &nbsp;&nbsp;&nbsp; 397397 |
| 5034 | Texas Capital Bancshares, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 435793 |
| 30882 | TFS Financial Corporation | &nbsp;&nbsp;&nbsp; 434201 |
| 11694 | Towne Bank | &nbsp;&nbsp;&nbsp; 429053 |
| 3800 | UMB Financial Corporation | &nbsp;&nbsp;&nbsp; 463220 |
| 10946 | United Bankshares, Inc. | &nbsp;&nbsp;&nbsp; 419670 |
| 13385 | United Community Banks, Inc. | &nbsp;&nbsp;&nbsp; 447059 |
| 44716 | Valley National Bancorp | &nbsp;&nbsp;&nbsp; 467729 |
| 7289 | Webster Financial Corporation | &nbsp;&nbsp;&nbsp; 453522 |
| 12617 | WesBanco, Inc. | &nbsp;&nbsp;&nbsp; 413838 |
| 8231 | Westamerica BanCorporation | &nbsp;&nbsp;&nbsp; 411632 |
| 3220 | Wintrust Financial Corporation | &nbsp;&nbsp;&nbsp; 442074 |
| 7677 | Zions Bancorp NA | &nbsp;&nbsp;&nbsp; 445343 |
|  |  | &nbsp;&nbsp; 26441992 |
|  | **BIOTECH & PHARMA - 4.5%** |  |
| 40398 | 89bio, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 364794 |
| 21767 | ADMA Biologics, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 375698 |
| 12049 | Agios Pharmaceuticals, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 454368 |
| 69657 | Amicus Therapeutics, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 528697 |

---

---

| | | |
|:---|:---|:---|
| **INSPIRE SMALL/MID CAP ETF** | **INSPIRE SMALL/MID CAP ETF** | **INSPIRE SMALL/MID CAP ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **August 31, 2025** | **August 31, 2025** | **August 31, 2025** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 99.3% (Continued)** |  |
|  | **BIOTECH & PHARMA - 4.5% (Continued)** |  |
| 28930 | Arcutis Biotherapeutics, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; $448994 |
| 101247 | Ardelyx, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 643931 |
| 44400 | BioCryst Pharmaceuticals, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 368964 |
| 28448 | Biohaven Ltd.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 437815 |
| 12212 | Cytokinetics, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 431450 |
| 9117 | Exelixis, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 341158 |
| 291323 | Geron Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 407852 |
| 567285 | Ironwood Pharmaceuticals, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 748816 |
| 16630 | Pacira BioSciences, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 443522 |
| 283247 | Precigen, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 1277445 |
| 5025 | Prestige Consumer Healthcare, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 341901 |
| 7166 | Protagonist Therapeutics, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 423152 |
| 8162 | PTC Therapeutics, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 402631 |
| 44060 | Syndax Pharmaceuticals, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 719500 |
| 14789 | Viking Therapeutics, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400042 |
| 50465 | Xencor, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 410280 |
|  |  | &nbsp;&nbsp; 9971010 |
|  | **BUSINESS DEVELOPMENT COMPANIES - 0.6%** |  |
| 21973 | Hercules Capital, Inc. | &nbsp;&nbsp;&nbsp; 428914 |
| 37855 | New Mountain Finance Corporation | &nbsp;&nbsp;&nbsp; 403534 |
| 126629 | Prospect Capital Corporation | &nbsp;&nbsp;&nbsp; 377354 |
|  |  | &nbsp;&nbsp; 1209802 |
|  | **CABLE & SATELLITE - 0.2%** |  |
| 3002 | Cable One, Inc. | &nbsp;&nbsp;&nbsp; 484763 |
|  | **CHEMICALS - 4.5%** |  |
| 16823 | AdvanSix, Inc. | &nbsp;&nbsp;&nbsp; 361022 |
| 2515 | Balchem Corporation | &nbsp;&nbsp;&nbsp; 407656 |
| 5287 | Cabot Corporation | &nbsp;&nbsp;&nbsp; 431208 |
| 25530 | Calumet, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 416139 |
| 34947 | Chemours Company (The) | &nbsp;&nbsp;&nbsp; 538184 |
| 167280 | Codexis, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 456674 |
| 2799 | Hawkins, Inc. | &nbsp;&nbsp;&nbsp; 468357 |
| 6655 | HB Fuller Company | &nbsp;&nbsp;&nbsp; 406288 |

---

---

| | | |
|:---|:---|:---|
| **INSPIRE SMALL/MID CAP ETF** | **INSPIRE SMALL/MID CAP ETF** | **INSPIRE SMALL/MID CAP ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **August 31, 2025** | **August 31, 2025** | **August 31, 2025** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 99.3% (Continued)** |  |
|  | **CHEMICALS - 4.5% (Continued)** |  |
| 9278 | Ingevity Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; $541650 |
| 4746 | Innospec, Inc. | &nbsp;&nbsp;&nbsp; 415702 |
| 4994 | Materion Corporation | &nbsp;&nbsp;&nbsp; 553335 |
| 7228 | Minerals Technologies, Inc. | &nbsp;&nbsp;&nbsp; 473073 |
| 579 | NewMarket Corporation | &nbsp;&nbsp;&nbsp; 478810 |
| 37448 | Orion S.A. | &nbsp;&nbsp;&nbsp; 395076 |
| 3566 | Quaker Chemical Corporation | &nbsp;&nbsp;&nbsp; 517320 |
| 103459 | Rayonier Advanced Materials, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 576266 |
| 5855 | Rogers Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 459383 |
| 4080 | Sensient Technologies Corporation | &nbsp;&nbsp;&nbsp; 462917 |
| 7310 | Stepan Company | &nbsp;&nbsp;&nbsp; 365719 |
| 80138 | Tronox Holdings PLC, Class A | &nbsp;&nbsp;&nbsp; 342991 |
| 10580 | Valvoline, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 410292 |
| 1760 | WD-40 Company | &nbsp;&nbsp;&nbsp; 380230 |
|  |  | &nbsp;&nbsp; 9858292 |
|  | **COMMERCIAL SUPPORT SERVICES - 2.6%** |  |
| 8525 | ABM Industries, Inc. | &nbsp;&nbsp;&nbsp; 419174 |
| 305919 | Advantage Solutions, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 556773 |
| 5875 | Brady Corporation, Class A | &nbsp;&nbsp;&nbsp; 458720 |
| 4503 | Brink's Company (The) | &nbsp;&nbsp;&nbsp; 504516 |
| 5605 | CBIZ, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 361747 |
| 3893 | CorVel Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 346672 |
| 2149 | CRA International, Inc. | &nbsp;&nbsp;&nbsp; 416390 |
| 81503 | Emerald Holding, Inc. | &nbsp;&nbsp;&nbsp; 419740 |
| 8804 | Heidrick & Struggles International, Inc. | &nbsp;&nbsp;&nbsp; 447331 |
| 6716 | Insperity, Inc. | &nbsp;&nbsp;&nbsp; 370858 |
| 9694 | Kforce, Inc. | &nbsp;&nbsp;&nbsp; 316024 |
| 23601 | National Research Corporation | &nbsp;&nbsp;&nbsp; 346699 |
| 70519 | Quad/Graphics, Inc. | &nbsp;&nbsp;&nbsp; 469657 |
| 2143 | UniFirst Corporation | &nbsp;&nbsp;&nbsp; 381068 |
|  |  | &nbsp;&nbsp; 5815369 |
|  | **CONSTRUCTION MATERIALS - 0.6%** |  |
| 24158 | MDU Resources Group, Inc. | &nbsp;&nbsp;&nbsp; 393534 |
| 9661 | Northwest Pipe Company<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 511646 |

---

---

| | | |
|:---|:---|:---|
| **INSPIRE SMALL/MID CAP ETF** | **INSPIRE SMALL/MID CAP ETF** | **INSPIRE SMALL/MID CAP ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **August 31, 2025** | **August 31, 2025** | **August 31, 2025** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 99.3% (Continued)** |  |
|  | **CONSTRUCTION MATERIALS - 0.6% (Continued)** |  |
| 2574 | Simpson Manufacturing Company, Inc. | &nbsp;&nbsp;&nbsp; $491943 |
|  |  | &nbsp;&nbsp; 1397123 |
|  | **CONSUMER SERVICES - 1.4%** |  |
| 45733 | Coursera, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 525929 |
| 423 | Graham Holdings Company, Class B | &nbsp;&nbsp;&nbsp; 459399 |
| 2109 | Grand Canyon Education, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 425111 |
| 17173 | Laureate Education, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 471914 |
| 16896 | Matthews International Corporation, Class A | &nbsp;&nbsp;&nbsp; 415135 |
| 11744 | Universal Technical Institute, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 312273 |
| 15872 | Upbound Group, Inc. | &nbsp;&nbsp;&nbsp; 403308 |
|  |  | &nbsp;&nbsp; 3013069 |
|  | **CONTAINERS & PACKAGING - 0.8%** |  |
| 27350 | Myers Industries, Inc. | &nbsp;&nbsp;&nbsp; 457839 |
| 7413 | Silgan Holdings, Inc. | &nbsp;&nbsp;&nbsp; 347818 |
| 14058 | TriMas Corporation | &nbsp;&nbsp;&nbsp; 543623 |
| 1653 | UFP Technologies, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 347394 |
|  |  | &nbsp;&nbsp; 1696674 |
|  | **E-COMMERCE DISCRETIONARY - 0.1%** |  |
| 78300 | Honest Company, Inc. (The)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 310068 |
|  | **ELEC & GAS MARKETING & TRADING - 0.1%** |  |
| 15161 | Genie Energy Ltd., Class B | &nbsp;&nbsp;&nbsp; 231963 |
|  | **ELECTRIC UTILITIES - 1.7%** |  |
| 6273 | ALLETE, Inc. | &nbsp;&nbsp;&nbsp; 402413 |
| 7186 | Black Hills Corporation | &nbsp;&nbsp;&nbsp; 429795 |
| 37950 | Hawaiian Electric Industries, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 491832 |
| 3494 | IDACORP, Inc. | &nbsp;&nbsp;&nbsp; 437099 |
| 4572 | MGE Energy, Inc. | &nbsp;&nbsp;&nbsp; 389306 |
| 9100 | OGE Energy Corporation | &nbsp;&nbsp;&nbsp; 406406 |
| 4784 | Ormat Technologies, Inc. | &nbsp;&nbsp;&nbsp; 439602 |
| 7114 | TXNM Energy, Inc. | &nbsp;&nbsp;&nbsp; 402937 |
| 7770 | Unitil Corporation | &nbsp;&nbsp;&nbsp; 364879 |
|  |  | &nbsp;&nbsp; 3764269 |

---

---

| | | |
|:---|:---|:---|
| **INSPIRE SMALL/MID CAP ETF** | **INSPIRE SMALL/MID CAP ETF** | **INSPIRE SMALL/MID CAP ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **August 31, 2025** | **August 31, 2025** | **August 31, 2025** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 99.3% (Continued)** |  |
|  | **ELECTRICAL EQUIPMENT - 2.4%** |  |
| 5414 | AAON, Inc. | &nbsp;&nbsp;&nbsp; $449091 |
| 3026 | Advanced Energy Industries, Inc. | &nbsp;&nbsp;&nbsp; 452932 |
| 7103 | Alarm.com Holdings, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 416449 |
| 1805 | Argan, Inc. | &nbsp;&nbsp;&nbsp; 411937 |
| 1626 | Badger Meter, Inc. | &nbsp;&nbsp;&nbsp; 297428 |
| 3470 | Belden, Inc. | &nbsp;&nbsp;&nbsp; 451794 |
| 28802 | ChargePoint Holdings, Inc.<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 324599 |
| 12652 | Cognex Corporation | &nbsp;&nbsp;&nbsp; 555929 |
| 3034 | Itron, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 373000 |
| 20845 | Kimball Electronics, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 601794 |
| 1795 | OSI Systems, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 412940 |
| 1623 | Watts Water Technologies, Inc., Class A | &nbsp;&nbsp;&nbsp; 449409 |
|  |  | &nbsp;&nbsp; 5197302 |
|  | **ENGINEERING & CONSTRUCTION - 1.1%** |  |
| 5374 | Exponent, Inc. | &nbsp;&nbsp;&nbsp; 383596 |
| 2223 | Installed Building Products, Inc. | &nbsp;&nbsp;&nbsp; 582026 |
| 8340 | KBR, Inc. | &nbsp;&nbsp;&nbsp; 420836 |
| 2202 | MYR Group, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 412369 |
| 5111 | Primoris Services Corporation | &nbsp;&nbsp;&nbsp; 605909 |
|  |  | &nbsp;&nbsp; 2404736 |
|  | **ENTERTAINMENT CONTENT - 0.2%** |  |
| 52999 | Reservoir Media, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 417632 |
|  | **FOOD - 2.3%** |  |
| 4038 | Cal-Maine Foods, Inc. | &nbsp;&nbsp;&nbsp; 466954 |
| 10477 | Darling Ingredients, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 355799 |
| 25159 | Flowers Foods, Inc. | &nbsp;&nbsp;&nbsp; 378391 |
| 268000 | Hain Celestial Group, Inc. (The)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 482400 |
| 46474 | Herbalife Ltd.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 454516 |
| 3566 | J & J Snack Foods Corporation | &nbsp;&nbsp;&nbsp; 397859 |
| 6312 | John B Sanfilippo & Son, Inc. | &nbsp;&nbsp;&nbsp; 409649 |
| 2336 | Lancaster Colony Corporation | &nbsp;&nbsp;&nbsp; 426554 |
| 25533 | Limoneira Company | &nbsp;&nbsp;&nbsp; 402400 |
| 3626 | Nathan's Famous, Inc. | &nbsp;&nbsp;&nbsp; 379642 |

---

---

| | | |
|:---|:---|:---|
| **INSPIRE SMALL/MID CAP ETF** | **INSPIRE SMALL/MID CAP ETF** | **INSPIRE SMALL/MID CAP ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **August 31, 2025** | **August 31, 2025** | **August 31, 2025** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 99.3% (Continued)** |  |
|  | **FOOD - 2.3% (Continued)** |  |
| 3690 | Post Holdings, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; $417524 |
| 10366 | Vital Farms, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 529598 |
|  |  | &nbsp;&nbsp; 5101286 |
|  | **FORESTRY, PAPER & WOOD PRODUCTS - 0.4%** |  |
| 4663 | Louisiana-Pacific Corporation | &nbsp;&nbsp;&nbsp; 443498 |
| 7348 | Trex Company, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 452857 |
|  |  | &nbsp;&nbsp; 896355 |
|  | **GAS & WATER UTILITIES - 1.9%** |  |
| 5258 | American States Water Company | &nbsp;&nbsp;&nbsp; 391879 |
| 17004 | Aris Water Solutions, Inc., Class A | &nbsp;&nbsp;&nbsp; 412687 |
| 3362 | Chesapeake Utilities Corporation | &nbsp;&nbsp;&nbsp; 415476 |
| 7437 | Middlesex Water Company | &nbsp;&nbsp;&nbsp; 398177 |
| 4752 | National Fuel Gas Company | &nbsp;&nbsp;&nbsp; 412188 |
| 9001 | New Jersey Resources Corporation | &nbsp;&nbsp;&nbsp; 425657 |
| 5623 | ONE Gas, Inc. | &nbsp;&nbsp;&nbsp; 430160 |
| 5416 | Southwest Gas Holdings, Inc. | &nbsp;&nbsp;&nbsp; 432630 |
| 5518 | Spire, Inc. | &nbsp;&nbsp;&nbsp; 422679 |
| 12738 | York Water Company (The) | &nbsp;&nbsp;&nbsp; 395770 |
|  |  | &nbsp;&nbsp; 4137303 |
|  | **HEALTH CARE FACILITIES & SERVICES - 1.9%** |  |
| 17398 | Acadia Healthcare Company, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 399458 |
| 3462 | Addus HomeCare Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 398719 |
| 171376 | agilon health, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 219361 |
| 3811 | HealthEquity, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 340437 |
| 3773 | National HealthCare Corporation | &nbsp;&nbsp;&nbsp; 428160 |
| 54543 | NeoGenomics, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 478888 |
| 44475 | Owens & Minor, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 217928 |
| 18294 | Premier, Inc., Class A | &nbsp;&nbsp;&nbsp; 473815 |
| 6904 | RadNet, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 495430 |
| 26287 | Select Medical Holdings Corporation | &nbsp;&nbsp;&nbsp; 341994 |
| 18047 | Surgery Partners, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 409486 |
|  |  | &nbsp;&nbsp; 4203676 |
|  | **HEALTH CARE REIT - 1.2%** |  |
| 13200 | CareTrust REIT, Inc. | &nbsp;&nbsp;&nbsp; 454212 |

---

---

| | | |
|:---|:---|:---|
| **INSPIRE SMALL/MID CAP ETF** | **INSPIRE SMALL/MID CAP ETF** | **INSPIRE SMALL/MID CAP ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **August 31, 2025** | **August 31, 2025** | **August 31, 2025** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 99.3% (Continued)** |  |
|  | **HEALTH CARE REIT - 1.2% (Continued)** |  |
| 24203 | Community Healthcare Trust, Inc. | &nbsp;&nbsp;&nbsp; $372968 |
| 113042 | Diversified Healthcare Trust | &nbsp;&nbsp;&nbsp; 430690 |
| 93316 | Medical Properties Trust, Inc. | &nbsp;&nbsp;&nbsp; 419922 |
| 5740 | National Health Investors, Inc. | &nbsp;&nbsp;&nbsp; 449385 |
| 21825 | Sabra Health Care REIT, Inc. | &nbsp;&nbsp;&nbsp; 417076 |
|  |  | &nbsp;&nbsp; 2544253 |
|  | **HOME & OFFICE PRODUCTS - 0.4%** |  |
| 111210 | ACCO Brands Corporation | &nbsp;&nbsp;&nbsp; 447064 |
| 8122 | HNI Corporation | &nbsp;&nbsp;&nbsp; 365003 |
|  |  | &nbsp;&nbsp; 812067 |
|  | **HOME CONSTRUCTION - 2.6%** |  |
| 2468 | Armstrong World Industries, Inc. | &nbsp;&nbsp;&nbsp; 483160 |
| 6338 | Green Brick Partners, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 442646 |
| 5524 | Griffon Corporation | &nbsp;&nbsp;&nbsp; 420708 |
| 19046 | Interface, Inc. | &nbsp;&nbsp;&nbsp; 508909 |
| 103020 | JELD-WEN Holding, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 658299 |
| 7531 | KB Home | &nbsp;&nbsp;&nbsp; 478595 |
| 7747 | LGI Homes, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 479617 |
| 3562 | M/I Homes, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 524540 |
| 5976 | Meritage Homes Corporation | &nbsp;&nbsp;&nbsp; 464275 |
| 4372 | Patrick Industries, Inc. | &nbsp;&nbsp;&nbsp; 489008 |
| 6500 | Taylor Morrison Home Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 437905 |
| 12484 | Tri Pointe Homes, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 441060 |
|  |  | &nbsp;&nbsp; 5828722 |
|  | **HOTEL REIT - 0.8%** |  |
| 52495 | DiamondRock Hospitality Company | &nbsp;&nbsp;&nbsp; 449357 |
| 55023 | RLJ Lodging Trust | &nbsp;&nbsp;&nbsp; 423677 |
| 4076 | Ryman Hospitality Properties, Inc. | &nbsp;&nbsp;&nbsp; 402668 |
| 32038 | Xenia Hotels & Resorts, Inc. | &nbsp;&nbsp;&nbsp; 452697 |
|  |  | &nbsp;&nbsp; 1728399 |
|  | **HOUSEHOLD PRODUCTS - 1.6%** |  |
| 11325 | Central Garden & Pet Company<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 412570 |
| 14756 | Clearwater Paper Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 318287 |
| 17152 | Edgewell Personal Care Company | &nbsp;&nbsp;&nbsp; 411991 |

---

---

| | | |
|:---|:---|:---|
| **INSPIRE SMALL/MID CAP ETF** | **INSPIRE SMALL/MID CAP ETF** | **INSPIRE SMALL/MID CAP ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **August 31, 2025** | **August 31, 2025** | **August 31, 2025** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 99.3% (Continued)** |  |
|  | **HOUSEHOLD PRODUCTS - 1.6% (Continued)** |  |
| 19872 | Energizer Holdings, Inc. | &nbsp;&nbsp;&nbsp; $547672 |
| 14172 | Helen of Troy Ltd.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 347923 |
| 3069 | Interparfums, Inc. | &nbsp;&nbsp;&nbsp; 352751 |
| 50107 | Nu Skin Enterprises, Inc., Class A | &nbsp;&nbsp;&nbsp; 609801 |
| 21154 | Quanex Building Products Corporation | &nbsp;&nbsp;&nbsp; 449946 |
|  |  | &nbsp;&nbsp; 3450941 |
|  | **INDUSTRIAL INTERMEDIATE PRODUCTS - 1.0%** |  |
| 2451 | Chart Industries, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 488631 |
| 2095 | Enpro, Inc. | &nbsp;&nbsp;&nbsp; 458323 |
| 6741 | Gibraltar Industries, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 421919 |
| 5511 | Timken Company (The) | &nbsp;&nbsp;&nbsp; 425615 |
| 1223 | Valmont Industries, Inc. | &nbsp;&nbsp;&nbsp; 448988 |
|  |  | &nbsp;&nbsp; 2243476 |
|  | **INDUSTRIAL REIT - 0.2%** |  |
| 8395 | First Industrial Realty Trust, Inc. | &nbsp;&nbsp;&nbsp; 441577 |
|  | **INDUSTRIAL SUPPORT SERVICES - 0.2%** |  |
| 1721 | Applied Industrial Technologies, Inc. | &nbsp;&nbsp;&nbsp; 453621 |
|  | **INFRASTRUCTURE REIT - 0.2%** |  |
| 55012 | Uniti Group, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 346576 |
|  | **INSURANCE - 2.0%** |  |
| 9157 | AMERISAFE, Inc. | &nbsp;&nbsp;&nbsp; 422870 |
| 8483 | Employers Holdings, Inc. | &nbsp;&nbsp;&nbsp; 366975 |
| 51202 | Genworth Financial, Inc., Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 438801 |
| 9314 | Horace Mann Educators Corporation | &nbsp;&nbsp;&nbsp; 428258 |
| 6216 | Kemper Corporation | &nbsp;&nbsp;&nbsp; 333488 |
| 5975 | Mercury General Corporation | &nbsp;&nbsp;&nbsp; 462046 |
| 9483 | NMI Holdings, Inc., Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 373156 |
| 17581 | ProAssurance Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 418604 |
| 5550 | RLI Corporation | &nbsp;&nbsp;&nbsp; 375902 |
| 5018 | Safety Insurance Group, Inc. | &nbsp;&nbsp;&nbsp; 371382 |

---

---

| | | |
|:---|:---|:---|
| **INSPIRE SMALL/MID CAP ETF** | **INSPIRE SMALL/MID CAP ETF** | **INSPIRE SMALL/MID CAP ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **August 31, 2025** | **August 31, 2025** | **August 31, 2025** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 99.3% (Continued)** |  |
|  | **INSURANCE - 2.0% (Continued)** |  |
| 7223 | Trupanion, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; $334858 |
|  |  | &nbsp;&nbsp; 4326340 |
|  | **INTERNET MEDIA & SERVICES - 0.7%** |  |
| 26002 | Angi, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 460755 |
| 33469 | Cars.com, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 436770 |
| 12056 | Groupon, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 314662 |
| 14516 | HealthStream, Inc. | &nbsp;&nbsp;&nbsp; 407609 |
|  |  | &nbsp;&nbsp; 1619796 |
|  | **LEISURE FACILITIES & SERVICES - 1.4%** |  |
| 6429 | Cheesecake Factory, Inc. (The) | &nbsp;&nbsp;&nbsp; 395126 |
| 13312 | Cinemark Holdings, Inc. | &nbsp;&nbsp;&nbsp; 343450 |
| 23496 | Jack in the Box, Inc. | &nbsp;&nbsp;&nbsp; 453473 |
| 5548 | Marriott Vacations Worldwide Corporation | &nbsp;&nbsp;&nbsp; 433576 |
| 8478 | St Joe Company (The) | &nbsp;&nbsp;&nbsp; 427800 |
| 55688 | Target Hospitality Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 505090 |
| 8571 | United Parks & Resorts, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 450663 |
|  |  | &nbsp;&nbsp; 3009178 |
|  | **LEISURE PRODUCTS - 1.3%** |  |
| 7269 | Brunswick Corporation | &nbsp;&nbsp;&nbsp; 462236 |
| 15490 | Fox Factory Holding Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 448126 |
| 9964 | Polaris, Inc. | &nbsp;&nbsp;&nbsp; 563763 |
| 4542 | Thor Industries, Inc. | &nbsp;&nbsp;&nbsp; 497803 |
| 50095 | Topgolf Callaway Brands Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 478908 |
| 13889 | Winnebago Industries, Inc. | &nbsp;&nbsp;&nbsp; 499726 |
|  |  | &nbsp;&nbsp; 2950562 |
|  | **MACHINERY - 3.5%** |  |
| 3895 | AGCO Corporation | &nbsp;&nbsp;&nbsp; 421400 |
| 5674 | Albany International Corporation, Class A | &nbsp;&nbsp;&nbsp; 360356 |
| 13893 | CECO Environmental Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 633382 |
| 26234 | Columbus McKinnon Corporation | &nbsp;&nbsp;&nbsp; 392985 |
| 31045 | Energy Recovery, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 441149 |
| 2089 | ESCO Technologies, Inc. | &nbsp;&nbsp;&nbsp; 419701 |
| 4460 | Franklin Electric Company, Inc. | &nbsp;&nbsp;&nbsp; 436456 |
| 10822 | Gorman-Rupp Company (The) | &nbsp;&nbsp;&nbsp; 462857 |

---

---

| | | |
|:---|:---|:---|
| **INSPIRE SMALL/MID CAP ETF** | **INSPIRE SMALL/MID CAP ETF** | **INSPIRE SMALL/MID CAP ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **August 31, 2025** | **August 31, 2025** | **August 31, 2025** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 99.3% (Continued)** |  |
|  | **MACHINERY - 3.5% (Continued)** |  |
| 12000 | Helios Technologies, Inc. | &nbsp;&nbsp;&nbsp; $650880 |
| 19818 | Hillenbrand, Inc. | &nbsp;&nbsp;&nbsp; 503179 |
| 9992 | Hyster-Yale Materials Handling, Inc., Class A | &nbsp;&nbsp;&nbsp; 374700 |
| 3314 | John Bean Technologies Corporation | &nbsp;&nbsp;&nbsp; 474863 |
| 1280 | Kadant, Inc. | &nbsp;&nbsp;&nbsp; 413798 |
| 17429 | Kennametal, Inc. | &nbsp;&nbsp;&nbsp; 373503 |
| 2785 | Lindsay Corporation | &nbsp;&nbsp;&nbsp; 382186 |
| 2565 | Standex International Corporation | &nbsp;&nbsp;&nbsp; 523440 |
| 5166 | Tennant Company | &nbsp;&nbsp;&nbsp; 423819 |
|  |  | &nbsp;&nbsp; 7688654 |
|  | **MEDICAL EQUIPMENT & DEVICES - 2.6%** |  |
| 19639 | Castle Biosciences, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 471532 |
| 41872 | Embecta Corporation | &nbsp;&nbsp;&nbsp; 606306 |
| 3846 | Glaukos Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 368524 |
| 5371 | Haemonetics Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 292934 |
| 3057 | ICU Medical, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 390257 |
| 32591 | Integra LifeSciences Holdings Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 493102 |
| 75694 | Myriad Genetics, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 482171 |
| 84285 | Neogen Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 484639 |
| 36557 | Orthofix Medical, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 547623 |
| 26596 | Pulse Biosciences, Inc.<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 413302 |
| 13495 | Surmodics, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 459370 |
| 21416 | Tandem Diabetes Care, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 267914 |
| 14817 | Veracyte, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 449548 |
|  |  | &nbsp;&nbsp; 5727222 |
|  | **METALS & MINING - 0.7%** |  |
| 45516 | Coeur Mining, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 598536 |
| 19866 | Compass Minerals International, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 378447 |
| 67465 | Hecla Mining Company | &nbsp;&nbsp;&nbsp; 574127 |
|  |  | &nbsp;&nbsp; 1551110 |
|  | **MORTGAGE FINANCE - 0.9%** |  |
| 41787 | Apollo Commercial Real Estate Finance, Inc. | &nbsp;&nbsp;&nbsp; 442525 |
| 84637 | Ares Commercial Real Estate Corporation | &nbsp;&nbsp;&nbsp; 399487 |
| 42592 | MFA Financial, Inc. | &nbsp;&nbsp;&nbsp; 434438 |

---

---

| | | |
|:---|:---|:---|
| **INSPIRE SMALL/MID CAP ETF** | **INSPIRE SMALL/MID CAP ETF** | **INSPIRE SMALL/MID CAP ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **August 31, 2025** | **August 31, 2025** | **August 31, 2025** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 99.3% (Continued)** |  |
|  | **MORTGAGE FINANCE - 0.9% (Continued)** |  |
| 31168 | PennyMac Mortgage Investment Trust | &nbsp;&nbsp;&nbsp; $383678 |
| 68159 | Redwood Trust, Inc. | &nbsp;&nbsp;&nbsp; 417133 |
|  |  | &nbsp;&nbsp; 2077261 |
|  | **MULTI ASSET CLASS REIT - 0.8%** |  |
| 22603 | Alexander & Baldwin, Inc. | &nbsp;&nbsp;&nbsp; 437142 |
| 58678 | Armada Hoffler Properties, Inc. | &nbsp;&nbsp;&nbsp; 427176 |
| 25301 | Elme Communities | &nbsp;&nbsp;&nbsp; 432141 |
| 48930 | LXP Industrial Trust | &nbsp;&nbsp;&nbsp; 444284 |
|  |  | &nbsp;&nbsp; 1740743 |
|  | **OFFICE REIT – 2.0%** |  |
| 20477 | American Assets Trust, Inc. | &nbsp;&nbsp;&nbsp; 427969 |
| 94833 | Brandywine Realty Trust | &nbsp;&nbsp;&nbsp; 403989 |
| 26903 | Douglas Emmett, Inc. | &nbsp;&nbsp;&nbsp; 436098 |
| 49876 | Empire State Realty Trust, Inc., Class A | &nbsp;&nbsp;&nbsp; 381551 |
| 12994 | Highwoods Properties, Inc. | &nbsp;&nbsp;&nbsp; 409701 |
| 148668 | Hudson Pacific Properties, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 417757 |
| 23432 | JBG SMITH Properties | &nbsp;&nbsp;&nbsp; 502381 |
| 11781 | Kilroy Realty Corporation | &nbsp;&nbsp;&nbsp; 489971 |
| 55727 | Piedmont Office Realty Trust, Inc. | &nbsp;&nbsp;&nbsp; 472008 |
| 27116 | Veris Residential, Inc. | &nbsp;&nbsp;&nbsp; 426535 |
|  |  | &nbsp;&nbsp; 4367960 |
|  | **OIL & GAS PRODUCERS - 0.9%** |  |
| 204534 | Clean Energy Fuels Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 537924 |
| 14912 | Par Pacific Holdings, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 516552 |
| 16241 | SM Energy Company | &nbsp;&nbsp;&nbsp; 463681 |
| 14099 | World Kinect Corporation | &nbsp;&nbsp;&nbsp; 377994 |
|  |  | &nbsp;&nbsp; 1896151 |
|  | **OIL & GAS SERVICES & EQUIPMENT - 1.9%** |  |
| 26105 | DNOW, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 417680 |
| 25533 | Innovex International, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 440700 |
| 14212 | Nabors Industries Ltd.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 529823 |
| 19253 | Oceaneering International, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 469773 |
| 66923 | ProPetro Holding Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 341307 |
| 85005 | RPC, Inc. | &nbsp;&nbsp;&nbsp; 405474 |

---

---

| | | |
|:---|:---|:---|
| **INSPIRE SMALL/MID CAP ETF** | **INSPIRE SMALL/MID CAP ETF** | **INSPIRE SMALL/MID CAP ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **August 31, 2025** | **August 31, 2025** | **August 31, 2025** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 99.3% (Continued)** |  |
|  | **OIL & GAS SERVICES & EQUIPMENT - 1.9% (Continued)** |  |
| 45773 | Select Water Solutions, Inc., Class A | &nbsp;&nbsp;&nbsp; $389986 |
| 119125 | TETRA Technologies, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 559888 |
| 8566 | Tidewater, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 515673 |
|  |  | &nbsp;&nbsp; 4070304 |
|  | **PUBLISHING & BROADCASTING - 0.4%** |  |
| 344024 | Clear Channel Outdoor Holdings, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 426590 |
| 19016 | Scholastic Corporation | &nbsp;&nbsp;&nbsp; 487950 |
|  |  | &nbsp;&nbsp; 914540 |
|  | **REAL ESTATE OWNERS & DEVELOPERS - 0.2%** |  |
| 3460 | McGrath RentCorporation | &nbsp;&nbsp;&nbsp; 420355 |
|  | **REAL ESTATE SERVICES - 0.2%** |  |
| 13195 | Marcus & Millichap, Inc. | &nbsp;&nbsp;&nbsp; 430025 |
|  | **RENEWABLE ENERGY - 1.5%** |  |
| 26439 | Ameresco, Inc., Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 672344 |
| 4659 | EnerSys | &nbsp;&nbsp;&nbsp; 478246 |
| 77918 | Eos Energy Enterprises, Inc.<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 537634 |
| 58467 | Fluence Energy, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 432656 |
| 65730 | Green Plains, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 730260 |
| 160474 | OPAL Fuels, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 377114 |
|  |  | &nbsp;&nbsp; 3228254 |
|  | **RESIDENTIAL REIT - 0.7%** |  |
| 46523 | Apartment Investment and Management Company | &nbsp;&nbsp;&nbsp; 364275 |
| 22753 | Independence Realty Trust, Inc. | &nbsp;&nbsp;&nbsp; 412057 |
| 12109 | NexPoint Residential Trust, Inc. | &nbsp;&nbsp;&nbsp; 417882 |
| 24098 | UMH Properties, Inc. | &nbsp;&nbsp;&nbsp; 378098 |
|  |  | &nbsp;&nbsp; 1572312 |
|  | **RETAIL - CONSUMER STAPLES - 0.5%** |  |
| 10226 | Natural Grocers by Vitamin Cottage, Inc. | &nbsp;&nbsp;&nbsp; 393190 |
| 3081 | Ollie's Bargain Outlet Holdings, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 390794 |
| 15134 | SpartanNash Company | &nbsp;&nbsp;&nbsp; 405591 |
|  |  | &nbsp;&nbsp; 1189575 |

---

---

| | | |
|:---|:---|:---|
| **INSPIRE SMALL/MID CAP ETF** | **INSPIRE SMALL/MID CAP ETF** | **INSPIRE SMALL/MID CAP ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **August 31, 2025** | **August 31, 2025** | **August 31, 2025** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 99.3% (Continued)** |  |
|  | **RETAIL - DISCRETIONARY - 2.6%** |  |
| 1684 | Asbury Automotive Group, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; $423593 |
| 2388 | Avis Budget Group, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 377853 |
| 966 | Dillard's, Inc., Class A | &nbsp;&nbsp;&nbsp; 514762 |
| 14374 | Ethan Allen Interiors, Inc. | &nbsp;&nbsp;&nbsp; 424177 |
| 3685 | GMS, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 405092 |
| 19512 | Haverty Furniture Companies, Inc. | &nbsp;&nbsp;&nbsp; 439996 |
| 10754 | La-Z-Boy, Inc. | &nbsp;&nbsp;&nbsp; 397575 |
| 1194 | Lithia Motors, Inc., Class A | &nbsp;&nbsp;&nbsp; 401996 |
| 27457 | Monro, Inc. | &nbsp;&nbsp;&nbsp; 455237 |
| 17470 | National Vision Holdings, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 400762 |
| 7805 | Rush Enterprises, Inc., Class A | &nbsp;&nbsp;&nbsp; 448007 |
| 59467 | Sleep Number Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 626188 |
| 5023 | Sonic Automotive, Inc., Class A | &nbsp;&nbsp;&nbsp; 412840 |
|  |  | &nbsp;&nbsp; 5728078 |
|  | **RETAIL REIT - 1.3%** |  |
| 21767 | Acadia Realty Trust | &nbsp;&nbsp;&nbsp; 435558 |
| 1781 | Alexander's, Inc. | &nbsp;&nbsp;&nbsp; 410236 |
| 15009 | Four Corners Property Trust, Inc. | &nbsp;&nbsp;&nbsp; 388583 |
| 17812 | Kite Realty Group Trust | &nbsp;&nbsp;&nbsp; 406470 |
| 24864 | Macerich Company (The) | &nbsp;&nbsp;&nbsp; 457498 |
| 11873 | Saul Centers, Inc. | &nbsp;&nbsp;&nbsp; 405700 |
| 13200 | Tanger, Inc. | &nbsp;&nbsp;&nbsp; 451176 |
|  |  | &nbsp;&nbsp; 2955221 |
|  | **SEMICONDUCTORS - 4.2%** |  |
| 30428 | Aehr Test Systems<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 759179 |
| 19100 | Amkor Technology, Inc. | &nbsp;&nbsp;&nbsp; 462029 |
| 3833 | Cirrus Logic, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 437690 |
| 20740 | Cohu, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 412726 |
| 7584 | Diodes, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 412835 |
| 11586 | FormFactor, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 338195 |
| 3589 | Impinj, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 672830 |
| 5854 | IPG Photonics Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 478974 |
| 8120 | Lattice Semiconductor Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 539006 |
| 28054 | MaxLinear, Inc., Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 441009 |

---

---

| | | |
|:---|:---|:---|
| **INSPIRE SMALL/MID CAP ETF** | **INSPIRE SMALL/MID CAP ETF** | **INSPIRE SMALL/MID CAP ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **August 31, 2025** | **August 31, 2025** | **August 31, 2025** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 99.3% (Continued)** |  |
|  | **SEMICONDUCTORS - 4.2% (Continued)** |  |
| 4042 | MKS, Inc. | &nbsp;&nbsp;&nbsp; $417700 |
| 20104 | Penguin Solutions, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 485110 |
| 21304 | Photronics, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 482962 |
| 7147 | Power Integrations, Inc. | &nbsp;&nbsp;&nbsp; 322330 |
| 8881 | Semtech Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 515897 |
| 2726 | Silicon Laboratories, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 366238 |
| 40061 | SkyWater Technology, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 480331 |
| 17751 | Ultra Clean Holdings, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 426379 |
| 19708 | Veeco Instruments, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 483240 |
| 25073 | Vishay Intertechnology, Inc. | &nbsp;&nbsp;&nbsp; 387629 |
|  |  | &nbsp;&nbsp; 9322289 |
|  | **SOFTWARE - 3.8%** |  |
| 8740 | ACI Worldwide, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 431319 |
| 32251 | Amplitude, Inc., Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 368629 |
| 6278 | Blackbaud, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 418805 |
| 7517 | Calix, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 446886 |
| 36472 | Cantaloupe, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 396451 |
| 2274 | CommVault Systems, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 424431 |
| 11463 | Digi International, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 397995 |
| 6484 | Donnelley Financial Solutions, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 368097 |
| 106323 | Health Catalyst, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 360435 |
| 42367 | Jamf Holding Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 394860 |
| 24638 | MeridianLink, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 490050 |
| 13587 | Omnicell, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 442800 |
| 18963 | PDF Solutions, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 387793 |
| 14186 | Phreesia, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 449129 |
| 6238 | Progress Software Corporation | &nbsp;&nbsp;&nbsp; 288757 |
| 25724 | PROS Holdings, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 398722 |
| 31873 | PubMatic, Inc., Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 276339 |
| 4308 | Q2 Holdings, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 339169 |
| 2808 | Qualys, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 381354 |
| 2932 | SPS Commerce, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 323400 |
| 7866 | Varonis Systems, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 464251 |
|  |  | &nbsp;&nbsp; 8249672 |

---

---

| | | |
|:---|:---|:---|
| **INSPIRE SMALL/MID CAP ETF** | **INSPIRE SMALL/MID CAP ETF** | **INSPIRE SMALL/MID CAP ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **August 31, 2025** | **August 31, 2025** | **August 31, 2025** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 99.3% (Continued)** |  |
|  | **SPECIALTY FINANCE - 1.3%** |  |
| 10298 | Encore Capital Group, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; $430868 |
| 3598 | Enova International, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 436438 |
| 6604 | Essent Group Ltd. | &nbsp;&nbsp;&nbsp; 414335 |
| 2058 | Federal Agricultural Mortgage Corporation, Class C | &nbsp;&nbsp;&nbsp; 431295 |
| 14434 | MGIC Investment Corporation | &nbsp;&nbsp;&nbsp; 401698 |
| 3323 | Nelnet, Inc., Class A | &nbsp;&nbsp;&nbsp; 427371 |
| 2403 | World Acceptance Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 411946 |
|  |  | &nbsp;&nbsp; 2953951 |
|  | **STEEL - 0.6%** |  |
| 4628 | ATI, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 358855 |
| 8166 | Commercial Metals Company | &nbsp;&nbsp;&nbsp; 470934 |
| 25801 | Metallus, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 423910 |
|  |  | &nbsp;&nbsp; 1253699 |
|  | **TECHNOLOGY HARDWARE - 4.0%** |  |
| 261106 | 3D Systems Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 600543 |
| 44954 | ADTRAN Holdings, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 421669 |
| 15575 | Anterix, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 369751 |
| 3150 | Arrow Electronics, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 397940 |
| 10268 | Benchmark Electronics, Inc. | &nbsp;&nbsp;&nbsp; 416778 |
| 47489 | CommScope Holding Company, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 761723 |
| 26223 | Daktronics, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 454969 |
| 7226 | Diebold Nixdorf, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 441581 |
| 30055 | Digimarc Corporation<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp; 260276 |
| 42002 | Harmonic, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 404059 |
| 1781 | InterDigital, Inc. | &nbsp;&nbsp;&nbsp; 483916 |
| 22725 | Knowles Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 485178 |
| 16118 | NetScout Systems, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 401177 |
| 5803 | PAR Technology Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 296998 |
| 2959 | Plexus Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 405413 |
| 91859 | Powerfleet, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 428982 |
| 34624 | Stratasys Ltd.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 368746 |
| 9755 | TTM Technologies, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 434780 |
| 27582 | ViaSat, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 891725 |
|  |  | &nbsp;&nbsp; 8726204 |

---

---

| | | |
|:---|:---|:---|
| **INSPIRE SMALL/MID CAP ETF** | **INSPIRE SMALL/MID CAP ETF** | **INSPIRE SMALL/MID CAP ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **August 31, 2025** | **August 31, 2025** | **August 31, 2025** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 99.3% (Continued)** |  |
|  | **TECHNOLOGY SERVICES - 1.4%** |  |
| 9153 | ExlService Holdings, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; $400718 |
| 9147 | Genpact Ltd. | &nbsp;&nbsp;&nbsp; 414725 |
| 4700 | ICF International, Inc. | &nbsp;&nbsp;&nbsp; 461634 |
| 5694 | MAXIMUS, Inc. | &nbsp;&nbsp;&nbsp; 500616 |
| 82742 | Repay Holdings Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 489833 |
| 23861 | TaskUS, Inc., Class A<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 418045 |
| 2743 | WEX, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 470013 |
|  |  | &nbsp;&nbsp; 3155584 |
|  | **TELECOMMUNICATIONS - 0.4%** |  |
| 13252 | Iridium Communications, Inc. | &nbsp;&nbsp;&nbsp; 329842 |
| 11337 | Telephone and Data Systems, Inc. | &nbsp;&nbsp;&nbsp; 454501 |
|  |  | &nbsp;&nbsp; 784343 |
|  | **TIMBER REIT - 0.2%** |  |
| 18215 | Rayonier, Inc. | &nbsp;&nbsp;&nbsp; 478689 |
|  | **TRANSPORTATION & LOGISTICS - 2.8%** |  |
| 7289 | Allegiant Travel Company<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 456729 |
| 16524 | Covenant Logistics Group, Inc. | &nbsp;&nbsp;&nbsp; 398724 |
| 52834 | CryoPort, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 468109 |
| 16396 | Dorian, L.P.G Ltd. | &nbsp;&nbsp;&nbsp; 524343 |
| 16400 | Forward Air Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 492492 |
| 30783 | Genco Shipping & Trading Ltd. | &nbsp;&nbsp;&nbsp; 518386 |
| 46210 | Heartland Express, Inc. | &nbsp;&nbsp;&nbsp; 396944 |
| 11899 | Hub Group, Inc., Class A | &nbsp;&nbsp;&nbsp; 445261 |
| 9046 | Knight-Swift Transportation Holdings, Inc. | &nbsp;&nbsp;&nbsp; 397119 |
| 2882 | Landstar System, Inc. | &nbsp;&nbsp;&nbsp; 381375 |
| 30858 | Marten Transport Ltd. | &nbsp;&nbsp;&nbsp; 365359 |
| 3614 | Matson, Inc. | &nbsp;&nbsp;&nbsp; 376037 |
| 2513 | Ryder System, Inc. | &nbsp;&nbsp;&nbsp; 471238 |
| 14625 | Werner Enterprises, Inc. | &nbsp;&nbsp;&nbsp; 421931 |
|  |  | &nbsp;&nbsp; 6114047 |
|  | **TRANSPORTATION EQUIPMENT - 0.8%** |  |
| 4203 | Allison Transmission Holdings, Inc. | &nbsp;&nbsp;&nbsp; 366964 |
| 9232 | Blue Bird Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 539057 |

---

---

| | | |
|:---|:---|:---|
| **INSPIRE SMALL/MID CAP ETF** | **INSPIRE SMALL/MID CAP ETF** | **INSPIRE SMALL/MID CAP ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **August 31, 2025** | **August 31, 2025** | **August 31, 2025** |
| **Shares** |  | **Fair Value** |
|  | **COMMON STOCKS — 99.3% (Continued)** |  |
|  | **TRANSPORTATION EQUIPMENT - 0.8% (Continued)** |  |
| 14767 | Trinity Industries, Inc. | &nbsp;&nbsp;&nbsp; $419678 |
| 37433 | Wabash National Corporation | &nbsp;&nbsp;&nbsp; 415132 |
|  |  | &nbsp;&nbsp; 1740831 |
|  | **WHOLESALE - CONSUMER STAPLES - 0.9%** |  |
| 10940 | Andersons, Inc. (The) | &nbsp;&nbsp;&nbsp; 447446 |
| 15126 | Calavo Growers, Inc. | &nbsp;&nbsp;&nbsp; 413696 |
| 32298 | Grocery Outlet Holding Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 584917 |
| 17310 | United Natural Foods, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 489527 |
|  |  | &nbsp;&nbsp; 1935586 |
|  | **WHOLESALE - DISCRETIONARY - 0.6%** |  |
| 5547 | ePlus, Inc. | &nbsp;&nbsp;&nbsp; 401436 |
| 16465 | OPENLANE, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 476168 |
| 9574 | ScanSource, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp; 417905 |
|  |  | &nbsp;&nbsp; 1295509 |
|  | **TOTAL COMMON STOCKS (Cost $203,732,979)** | &nbsp;&nbsp; 218424871 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **INSPIRE SMALL/MID CAP ETF** | **INSPIRE SMALL/MID CAP ETF** | **INSPIRE SMALL/MID CAP ETF** | **INSPIRE SMALL/MID CAP ETF** | **INSPIRE SMALL/MID CAP ETF** |
| **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** | **SCHEDULE OF INVESTMENTS (Unaudited) (Continued)** |
| **August 31, 2025** | **August 31, 2025** | **August 31, 2025** | **August 31, 2025** | **August 31, 2025** |
| **Shares** |  | **Expiration Date** | **Exercise Price** | **Fair Value** |
|  | **RIGHTS — 0.0%<sup>(d)</sup>** | **RIGHTS — 0.0%<sup>(d)</sup>** |  |  |
|  | **BIOTECH & PHARMA - 0.0%<sup>(d)</sup>** | **BIOTECH & PHARMA - 0.0%<sup>(d)</sup>** |  |  |
| 6384 | Bristol-Myers Squibb Company - CVR <sup>(a)(f)(g)</sup> |  |  | &nbsp;&nbsp;&nbsp; $– |
| 44117 | Sage Therapeutics, Inc. - CVR <sup>(a)(f)(g)</sup> |  |  | &nbsp;&nbsp;&nbsp; – |
|  |  |  |  | &nbsp;&nbsp; – |
|  | **MEDICAL EQUIPMENT & DEVICES - 0.0%<sup>(d)</sup>** | **MEDICAL EQUIPMENT & DEVICES - 0.0%<sup>(d)</sup>** |  |  |
| 26350 | Zimmer Biomet Holdings, Inc. - CVR <sup>(a)(f)(g)</sup> |  |  | &nbsp;&nbsp;&nbsp; – |
|  | **TOTAL RIGHTS (Cost $0)** | **TOTAL RIGHTS (Cost $0)** |  | &nbsp;&nbsp; – |
|  | **COLLATERAL FOR SECURITIES LOANED – 0.1%** |  |  |  |
|  | **MONEY MARKET FUND - 0.1%** |  |  |  |
| 268538 | Fidelity Investments Money Market Government Portfolio - Institutional Class, 4.24% **(Cost $268,538)**<sup>(c)(e)</sup> | Fidelity Investments Money Market Government Portfolio - Institutional Class, 4.24% **(Cost $268,538)**<sup>(c)(e)</sup> | Fidelity Investments Money Market Government Portfolio - Institutional Class, 4.24% **(Cost $268,538)**<sup>(c)(e)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;268538 |
|  | **TOTAL INVESTMENTS - 99.4% (Cost $204,001,517)** | **TOTAL INVESTMENTS - 99.4% (Cost $204,001,517)** |  | &nbsp;&nbsp;&nbsp; $218693409 |
|  | **OTHER ASSETS IN EXCESS OF LIABILITIES - 0.6%** | **OTHER ASSETS IN EXCESS OF LIABILITIES - 0.6%** |  | &nbsp;&nbsp; 1237159 |
|  | **NET ASSETS - 100.0%** |  |  | &nbsp;&nbsp; $219930568 |

---

---

| | |
|:---|:---|
| CVR | - Contingent Value Right |
| LTD | - Limited Company |
| PLC | - Public Limited Company |
| REIT | - Real Estate Investment Trust |
| S.A. | - Société Anonyme |
| <sup>(a)</sup> | Non-income producing security. |
| <sup>(b)</sup> | All or a portion of the security is on loan. The total fair value of the securities on loan as of August 31, 2025 was $262,291. |
| <sup>(c)</sup> | Security was purchased with cash received as collateral for securities on loan at August 31, 2025. Total collateral had a value of $268,538 at August 31, 2025. |
| <sup>(d)</sup> | Percentage rounds to less than 0.1%. |
| <sup>(e)</sup> | Rate disclosed is the seven day effective yield as of August 31, 2025. |
| <sup>(f)</sup> | The fair value of this investment is determined using significant unobservable inputs. |
| <sup>(g)</sup> | Illiquid security. The total fair value of these securities as of August 31, 2025 was $0, representing 0% of net assets. |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Northern Lights Fund Trust IV

- **b. Investment Company Act file number:** 811-23066

- **c. CIK number of Registrant:** 0001644419

- **d. LEI of Registrant:** 549300UIBIHXQ3PDEC28

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

  - **Street Address 1:** 225 PICTORIA DRIVE

  - **City:** CINCINNATI

  - **State:** OH

  - **Foreign country:** US

  - **Zip / Postal Code:** 45246

  - **Telephone number:** 631-470-2600

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

- **a. Name of Series:** Inspire Small/Mid Cap ETF

- **b. EDGAR series identifier (if any):** S000056118

- **c. LEI of Series:** 549300U402348LTM0Q29

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

- **a. Date of fiscal year-end:** 2025-11-30

- **b. Date as of which information is reported:** 2025-08-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $220065590.26

**Total Liabilities:** $135022.32

**Net Assets:** $219930567.94

**Cash Not Reported:** $1677.60

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000176730 | 4.36%                | 0.45%                | 9.20%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $186424.52               | $7511339.40                                |
| Month 2  | $388331.45               | $302694.12                                 |
| Month 3  | $1709013.75              | $16179644.09                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Kite Realty Group Trust                     | KITE REALTY GROU                              | CUSIP: 49803T300<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     17812 | NS      | $406469.84    | 0.18%             |  |  |  | No            | 1                  | On Loan: No      |
| Chesapeake Utilities Corporation            | CHESAPEAKE UTIL                               | CUSIP: 165303108<br>LEI: 254900WW0FDCKAOCKE74 | Long             | EC               | CORP              | US        |      3362 | NS      | $415475.96    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Heidrick & Struggles International Inc      | HEIDRICK & STRUG                              | CUSIP: 422819102<br>LEI: 5493006284N2J367VB57 | Long             | EC               | CORP              | US        |      8804 | NS      | $447331.24    | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Landstar System Inc.                        | LANDSTAR SYSTEM                               | CUSIP: 515098101<br>LEI: 254900CUQXQRL09MEI52 | Long             | EC               | CORP              | US        |      2882 | NS      | $381375.06    | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| Prospect Capital Corp.                      | PROSPECT CAPITAL                              | CUSIP: 74348T102<br>LEI: 549300FSD8T39P5Q0O47 | Long             | EC               | RF                | US        |    126629 | NS      | $377354.42    | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| Techtarget Inc                              | TECHTARGET INC                                | CUSIP: 87874R308<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     52913 | NS      | $312186.70    | 0.14%             |  |  |  | No            | 1                  | On Loan: No      |
| Sensient Technologies Corp                  | SENSIENT TECHNOL                              | CUSIP: 81725T100<br>LEI: CMMZHMFZQG86EI7WZU92 | Long             | EC               | CORP              | US        |      4080 | NS      | $462916.80    | 0.21%             |  |  |  | No            | 1                  | On Loan: No      |
| Nabors Industries, Ltd.                     | NABORS INDS LTD                               | CUSIP: G6359F137<br>LEI: N/A                  | Long             | EC               | CORP              | BM        |     14212 | NS      | $529823.36    | 0.24%             |  |  |  | No            | 1                  | On Loan: No      |
| Modine Manufacturing Co.                    | MODINE MFG CO                                 | CUSIP: 607828100<br>LEI: Z35SZFYJR8GZZRSIUU09 | Long             | EC               | CORP              | US        |      4059 | NS      | $552551.67    | 0.25%             |  |  |  | No            | 1                  | On Loan: No      |
| Badger Meter Inc                            | BADGER METER INC                              | CUSIP: 056525108<br>LEI: 5493002JENE20OGTUG20 | Long             | EC               | CORP              | US        |      1626 | NS      | $297427.92    | 0.14%             |  |  |  | No            | 1                  | On Loan: No      |
| Brandywine Realty Trust                     | BRANDYWINE RLTY                               | CUSIP: 105368203<br>LEI: 5UZ46ZCYUFYYAC0DS831 | Long             | EC               | CORP              | US        |     94833 | NS      | $403988.58    | 0.18%             |  |  |  | No            | 1                  | On Loan: No      |
| Patrick Industries Inc.                     | PATRICK INDS INC                              | CUSIP: 703343103<br>LEI: 549300FZ5ZTCCJ3Z5W14 | Long             | EC               | CORP              | US        |      4372 | NS      | $489008.20    | 0.22%             |  |  |  | No            | 1                  | On Loan: No      |
| Plexus Corp                                 | PLEXUS CORP                                   | CUSIP: 729132100<br>LEI: 549300W7HCBI5YT25I79 | Long             | EC               | CORP              | US        |      2959 | NS      | $405412.59    | 0.18%             |  |  |  | No            | 1                  | On Loan: No      |
| Hope Bancorp Inc                            | HOPE BANCORP INC                              | CUSIP: 43940T109<br>LEI: 549300UTF4QGMBHIZ219 | Long             | EC               | CORP              | US        |     37020 | NS      | $412032.60    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Graham Holdings Co                          | GRAHAM HOLDING-B                              | CUSIP: 384637104<br>LEI: 529900BOSCEEEMAFQJ29 | Long             | EC               | CORP              | US        |       423 | NS      | $459399.15    | 0.21%             |  |  |  | No            | 1                  | On Loan: No      |
| City Holding Co                             | CITY HOLDING CO                               | CUSIP: 177835105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3254 | NS      | $418073.92    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| OSI System Inc.                             | OSI SYSTEMS INC                               | CUSIP: 671044105<br>LEI: DDX3MPX1Y8YD30050X33 | Long             | EC               | CORP              | US        |      1795 | NS      | $412939.75    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Cirrus Logic, Inc.                          | CIRRUS LOGIC INC                              | CUSIP: 172755100<br>LEI: 549300NKSJEM5ZZSSV18 | Long             | EC               | CORP              | US        |      3833 | NS      | $437690.27    | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Premier Inc                                 | PREMIER INC-CL A                              | CUSIP: 74051N102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     18294 | NS      | $473814.60    | 0.22%             |  |  |  | No            | 1                  | On Loan: No      |
| Groupon Inc                                 | GROUPON INC                                   | CUSIP: 399473206<br>LEI: 5299005W5W1R5POQJL03 | Long             | EC               | CORP              | US        |     12056 | NS      | $314661.60    | 0.14%             |  |  |  | No            | 1                  | On Loan: No      |
| Spire Inc                                   | SPIRE INC                                     | CUSIP: 84857L101<br>LEI: 549300NXSY15DRY2R511 | Long             | EC               | CORP              | US        |      5518 | NS      | $422678.80    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| J&J Snack Foods Corp                        | J & J SNACK FOOD                              | CUSIP: 466032109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3566 | NS      | $397858.62    | 0.18%             |  |  |  | No            | 1                  | On Loan: No      |
| Texas Capital Bancshares, Inc.              | TEXAS CAPITAL BA                              | CUSIP: 88224Q107<br>LEI: 549300466Q2SXRX0YM48 | Long             | EC               | CORP              | US        |      5034 | NS      | $435793.38    | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Select Medical Holdings Corporation         | SELECT MEDICAL                                | CUSIP: 81619Q105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     26287 | NS      | $341993.87    | 0.16%             |  |  |  | No            | 1                  | On Loan: No      |
| Standard Motor Products, Inc.               | STANDARD MOTOR                                | CUSIP: 853666105<br>LEI: THGK1EO5B5HK0JHQVZ90 | Long             | EC               | CORP              | US        |     13049 | NS      | $506431.69    | 0.23%             |  |  |  | No            | 1                  | On Loan: No      |
| EnerSys                                     | ENERSYS                                       | CUSIP: 29275Y102<br>LEI: 7ZS3DE5PN30BYUJFWP05 | Long             | EC               | CORP              | US        |      4659 | NS      | $478246.35    | 0.22%             |  |  |  | No            | 1                  | On Loan: No      |
| NWPX Infrastructure Inc.                    | NWPX INFRASTRUCT                              | CUSIP: 667746101<br>LEI: 54930056VW2CRCZ9RE54 | Long             | EC               | CORP              | US        |      9661 | NS      | $511646.56    | 0.23%             |  |  |  | No            | 1                  | On Loan: No      |
| Nu Skin Enterprises Inc.                    | NU SKIN ENTERP-A                              | CUSIP: 67018T105<br>LEI: 54930050DETB6CP71D38 | Long             | EC               | CORP              | US        |     50107 | NS      | $609802.19    | 0.28%             |  |  |  | No            | 1                  | On Loan: No      |
| World Kinect Corporation                    | WORLD KINECT COR                              | CUSIP: 981475106<br>LEI: D3W7PCXCBRQLL17DZ313 | Long             | EC               | CORP              | US        |     14099 | NS      | $377994.19    | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| Fulton Financial Corporation                | FULTON FINANCIAL                              | CUSIP: 360271100<br>LEI: 5493005QLZ6O1BNC0C11 | Long             | EC               | CORP              | US        |     22142 | NS      | $435311.72    | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Castle Biosciences Inc                      | CASTLE BIOSCIENC                              | CUSIP: 14843C105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     19639 | NS      | $471532.39    | 0.21%             |  |  |  | No            | 1                  | On Loan: No      |
| Orthofix Medical Inc                        | ORTHOFIX MEDICAL                              | CUSIP: 68752M108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     36557 | NS      | $547623.86    | 0.25%             |  |  |  | No            | 1                  | On Loan: No      |
| Wabash National Corporation                 | WABASH NATIONAL                               | CUSIP: 929566107<br>LEI: 5299004ZAWHQZI5XO485 | Long             | EC               | CORP              | US        |     37433 | NS      | $415131.97    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Marzetti Co.                                | MARZETTI COMPANY                              | CUSIP: 513847103<br>LEI: 529900X4O13HED1ZAS58 | Long             | EC               | CORP              | US        |      2336 | NS      | $426553.60    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Advansix Inc                                | ADVANSIX INC                                  | CUSIP: 00773T101<br>LEI: 5493009TPRODMCAZLF67 | Long             | EC               | CORP              | US        |     16823 | NS      | $361021.58    | 0.16%             |  |  |  | No            | 1                  | On Loan: No      |
| Meritage Homes Corp                         | MERITAGE HOMES C                              | CUSIP: 59001A102<br>LEI: 52990044W9UMFJO2FB97 | Long             | EC               | CORP              | US        |      5976 | NS      | $464275.44    | 0.21%             |  |  |  | No            | 1                  | On Loan: No      |
| OPAL Fuels Inc                              | OPAL FUELS INC-A                              | CUSIP: 68347P103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    160474 | NS      | $377113.90    | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| Safety Insurance Group Inc.                 | SAFETY INSURANCE                              | CUSIP: 78648T100<br>LEI: 254900LDCFLA3J746840 | Long             | EC               | CORP              | US        |      5018 | NS      | $371382.18    | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| NMI Holdings Inc                            | NMI HOLDINGS INC                              | CUSIP: 629209305<br>LEI: 529900KNNGFXJX1C3Z08 | Long             | EC               | CORP              | US        |      9483 | NS      | $373156.05    | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| Compass Diversified                         | COMPASS DIVERSIF                              | CUSIP: 20451Q104<br>LEI: 5299001SM1LBYANJRR58 | Long             | EC               | CORP              | US        |     63927 | NS      | $479452.50    | 0.22%             |  |  |  | No            | 1                  | On Loan: No      |
| Vital Farms Inc.                            | VITAL FARMS INC                               | CUSIP: 92847W103<br>LEI: 549300S6NYY7ER3XOT61 | Long             | EC               | CORP              | US        |     10366 | NS      | $529598.94    | 0.24%             |  |  |  | No            | 1                  | On Loan: No      |
| Clearwater Paper Corporation                | CLEARWATER                                    | CUSIP: 18538R103<br>LEI: 549300HCVV19GXN4P292 | Long             | EC               | CORP              | US        |     14756 | NS      | $318286.92    | 0.14%             |  |  |  | No            | 1                  | On Loan: No      |
| Maximus Inc                                 | MAXIMUS INC                                   | CUSIP: 577933104<br>LEI: 549300DQCDS8HJ7QF202 | Long             | EC               | CORP              | US        |      5694 | NS      | $500616.48    | 0.23%             |  |  |  | No            | 1                  | On Loan: No      |
| Skywater Technology Inc.                    | SKYWATER TECHNOL                              | CUSIP: 83089J108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     40061 | NS      | $480331.39    | 0.22%             |  |  |  | No            | 1                  | On Loan: No      |
| ChargePoint Holdings Inc                    | CHARGEPOINT HOLD                              | CUSIP: 15961R303<br>LEI: 254900DVN9TAC2GIPG25 | Long             | EC               | CORP              | US        |     28802 | NS      | $324598.54    | 0.15%             |  |  |  | No            | 1                  | On Loan: —       |
| PowerFleet Inc.                             | POWERFLEET INC                                | CUSIP: 73931J109<br>LEI: 2549007NKEFPYEH4MF81 | Long             | EC               | CORP              | US        |     91859 | NS      | $428981.53    | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Encore Capital Group Inc.                   | ENCORE CAPITAL G                              | CUSIP: 292554102<br>LEI: 5493000UVC6H49CIH830 | Long             | EC               | CORP              | US        |     10298 | NS      | $430868.32    | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Newmarket Corporation                       | NEWMARKET CORP                                | CUSIP: 651587107<br>LEI: 54930082CG88ERDREQ47 | Long             | EC               | CORP              | US        |       579 | NS      | $478809.84    | 0.22%             |  |  |  | No            | 1                  | On Loan: No      |
| TETRA Technologies Inc.                     | TETRA TECHNOLOGI                              | CUSIP: 88162F105<br>LEI: 549300T5W131705EK832 | Long             | EC               | CORP              | US        |    119125 | NS      | $559887.50    | 0.25%             |  |  |  | No            | 1                  | On Loan: No      |
| Ryman Hospitality Properties Inc            | RYMAN HOSPITALIT                              | CUSIP: 78377T107<br>LEI: 529900GCCWW9SRMPJR11 | Long             | EC               | CORP              | US        |      4076 | NS      | $402668.04    | 0.18%             |  |  |  | No            | 1                  | On Loan: No      |
| Itron, Inc.                                 | ITRON INC                                     | CUSIP: 465741106<br>LEI: 24F6LSZD18II6ICG6S41 | Long             | EC               | CORP              | US        |      3034 | NS      | $372999.96    | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| Power Integrations Inc.                     | POWER INTEGRATIO                              | CUSIP: 739276103<br>LEI: 54930085LGXSCIHD5W31 | Long             | EC               | CORP              | US        |      7147 | NS      | $322329.70    | 0.15%             |  |  |  | No            | 1                  | On Loan: No      |
| BancFirst Corp.                             | BANCFIRST CORP                                | CUSIP: 05945F103<br>LEI: 549300EJEHGBP4IO2J30 | Long             | EC               | CORP              | US        |      3238 | NS      | $430556.86    | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Asbury Automotive Group, Inc.               | ASBURY AUTO GRP                               | CUSIP: 043436104<br>LEI: 549300JH4DTA7U42GL91 | Long             | EC               | CORP              | US        |      1684 | NS      | $423593.36    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| SPS Commerce Inc                            | SPS COMMERCE INC                              | CUSIP: 78463M107<br>LEI: 2549006XVF9GCCETDQ72 | Long             | EC               | CORP              | US        |      2932 | NS      | $323399.60    | 0.15%             |  |  |  | No            | 1                  | On Loan: No      |
| Eagle Bancorp Inc                           | EAGLE BANCRP INC                              | CUSIP: 268948106<br>LEI: 549300B47NZODRMG3D47 | Long             | EC               | CORP              | US        |     20443 | NS      | $397003.06    | 0.18%             |  |  |  | No            | 1                  | On Loan: No      |
| Armstrong World Industries, Inc.            | ARMSTRONG WORLD                               | CUSIP: 04247X102<br>LEI: KXMRXXOJ88Q45Y45MG74 | Long             | EC               | CORP              | US        |      2468 | NS      | $483160.36    | 0.22%             |  |  |  | No            | 1                  | On Loan: No      |
| Veracyte Inc                                | VERACYTE INC                                  | CUSIP: 92337F107<br>LEI: 529900ESWZRHXOW27Z37 | Long             | EC               | CORP              | US        |     14817 | NS      | $449547.78    | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| MYR Grp Inc                                 | MYR GROUP INC/DE                              | CUSIP: 55405W104<br>LEI: 529900G1IMMZHOQ17I54 | Long             | EC               | CORP              | US        |      2202 | NS      | $412368.54    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| American Assets Trust Inc.                  | AMERICAN ASSETS                               | CUSIP: 024013104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     20477 | NS      | $427969.30    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Exponent Inc                                | EXPONENT INC                                  | CUSIP: 30214U102<br>LEI: 529900NY3F5Q2NWPUZ42 | Long             | EC               | CORP              | US        |      5374 | NS      | $383596.12    | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| Oxford Industries, Inc.                     | OXFORD INDS INC                               | CUSIP: 691497309<br>LEI: IDZ20O0XD3GS4UOI2L88 | Long             | EC               | CORP              | US        |      9862 | NS      | $434421.10    | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Adient PLC                                  | ADIENT PLC                                    | CUSIP: G0084W101<br>LEI: 5493002QLDY8O75RTR78 | Long             | EC               | CORP              | IE        |     20527 | NS      | $509069.60    | 0.23%             |  |  |  | No            | 1                  | On Loan: No      |
| Five Star Bancorp.                          | FIVE STAR BANCOR                              | CUSIP: 33830T103<br>LEI: 5493008ZRBIHKWC0JA73 | Long             | EC               | CORP              | US        |     13998 | NS      | $458714.46    | 0.21%             |  |  |  | No            | 1                  | On Loan: No      |
| Calavo Growers Inc                          | CALAVO GROWERS I                              | CUSIP: 128246105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     15126 | NS      | $413696.10    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Pacira Biosciences Inc                      | PACIRA BIOSCIENC                              | CUSIP: 695127100<br>LEI: 549300P56LERYBDHCF69 | Long             | EC               | CORP              | US        |     16630 | NS      | $443522.10    | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| MGIC Investment Corp.                       | MGIC INVT CORP                                | CUSIP: 552848103<br>LEI: 254900S8483WM4M98R28 | Long             | EC               | CORP              | US        |     14434 | NS      | $401698.22    | 0.18%             |  |  |  | No            | 1                  | On Loan: No      |
| Aaon Inc                                    | AAON INC                                      | CUSIP: 000360206<br>LEI: 549300ZHF0E5VM7PUD37 | Long             | EC               | CORP              | US        |      5414 | NS      | $449091.30    | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Wesbanco Inc                                | WESBANCO INC                                  | CUSIP: 950810101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     12617 | NS      | $413837.60    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Winnebago Industries Inc.                   | WINNEBAGO INDS                                | CUSIP: 974637100<br>LEI: 549300B7OYKYJLTE3G11 | Long             | EC               | CORP              | US        |     13889 | NS      | $499726.22    | 0.23%             |  |  |  | No            | 1                  | On Loan: No      |
| Employers Holdings Inc.                     | EMPLOYERS HOLDIN                              | CUSIP: 292218104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8483 | NS      | $366974.58    | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| First Horizon Corporation                   | FIRST HORIZON CO                              | CUSIP: 320517105<br>LEI: TF3RXI1ZB1TQ30H9JV10 | Long             | EC               | CORP              | US        |     18887 | NS      | $426846.20    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| MKS Inc.                                    | MKS INC                                       | CUSIP: 55306N104<br>LEI: 549300KEQATBHAGVF505 | Long             | EC               | CORP              | US        |      4042 | NS      | $417700.28    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Idacorp Inc                                 | IDACORP INC                                   | CUSIP: 451107106<br>LEI: N134NUJDWN8UEFA8B673 | Long             | EC               | CORP              | US        |      3494 | NS      | $437099.40    | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Middlesex Water Co.                         | MIDDLESEX WATER                               | CUSIP: 596680108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7437 | NS      | $398176.98    | 0.18%             |  |  |  | No            | 1                  | On Loan: No      |
| Ameris Bancorp                              | AMERIS BANCORP                                | CUSIP: 03076K108<br>LEI: PBJHNT51T5V6G5UQFV42 | Long             | EC               | CORP              | US        |      6167 | NS      | $451917.76    | 0.21%             |  |  |  | No            | 1                  | On Loan: No      |
| Repay Holdings Corporation                  | REPAY HOLDINGS C                              | CUSIP: 76029L100<br>LEI: 2549006EJ42T73ZKUI98 | Long             | EC               | CORP              | US        |     82742 | NS      | $489832.64    | 0.22%             |  |  |  | No            | 1                  | On Loan: No      |
| TXNM Energy Inc.                            | TXNM ENERGY INC                               | CUSIP: 69349H107<br>LEI: 5493003JOBJGLZSDDQ28 | Long             | EC               | CORP              | US        |      7114 | NS      | $402936.96    | 0.18%             |  |  |  | No            | 1                  | On Loan: No      |
| Progress Software Corp.                     | PROGRESS SOFTWAR                              | CUSIP: 743312100<br>LEI: 549300R65B3JG6972S24 | Long             | EC               | CORP              | US        |      6238 | NS      | $288757.02    | 0.13%             |  |  |  | No            | 1                  | On Loan: No      |
| Genie Energy Ltd                            | GENIE ENERGY-B                                | CUSIP: 372284208<br>LEI: 52990057E36X8869GX58 | Long             | EC               | CORP              | US        |     15161 | NS      | $231963.30    | 0.11%             |  |  |  | No            | 1                  | On Loan: No      |
| Genpact Ltd.                                | GENPACT LTD                                   | CUSIP: G3922B107<br>LEI: 529900OSEC6Q0L4L5B35 | Long             | EC               | CORP              | BM        |      9147 | NS      | $414724.98    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| ProPetro Holding Corp.                      | PROPETRO HOLDING                              | CUSIP: 74347M108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     66923 | NS      | $341307.30    | 0.16%             |  |  |  | No            | 1                  | On Loan: No      |
| Insperity Inc                               | INSPERITY INC                                 | CUSIP: 45778Q107<br>LEI: 5299000Q0KW7HY5DB751 | Long             | EC               | CORP              | US        |      6716 | NS      | $370857.52    | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| Scholastic Corporation                      | SCHOLASTIC CORP                               | CUSIP: 807066105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     19016 | NS      | $487950.56    | 0.22%             |  |  |  | No            | 1                  | On Loan: No      |
| Silicon Laboratories, Inc.                  | SILICON LABS                                  | CUSIP: 826919102<br>LEI: 4PRDF8Q9TDHRVZKZSZ47 | Long             | EC               | CORP              | US        |      2726 | NS      | $366238.10    | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| Marten Transport Ltd.                       | MARTEN TRANSPORT                              | CUSIP: 573075108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     30858 | NS      | $365358.72    | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| Omnicell Inc                                | OMNICELL INC                                  | CUSIP: 68213N109<br>LEI: 5493008RH0GTKHHPZI77 | Long             | EC               | CORP              | US        |     13587 | NS      | $442800.33    | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| RLJ Lodging Trust LP                        | RLJ LODGING TRUS                              | CUSIP: 74965L101<br>LEI: 549300RX5I8Z6I6LDZ74 | Long             | EC               | CORP              | US        |     55023 | NS      | $423677.10    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Rayonier Advanced Materials Inc             | RAYONIER ADV                                  | CUSIP: 75508B104<br>LEI: 54930053QJ7OUGZG4F72 | Long             | EC               | CORP              | US        |    103459 | NS      | $576266.63    | 0.26%             |  |  |  | No            | 1                  | On Loan: No      |
| The Honest Company Inc                      | HONEST CO INC/TH                              | CUSIP: 438333106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     78300 | NS      | $310068.00    | 0.14%             |  |  |  | No            | 1                  | On Loan: No      |
| BRISTOL-MYER-CVR                            | BRISTOL-MYER-CVR                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | US        |      6384 | NS      | $0.00         | 0.00%             |  |  |  | Yes           | 2                  | On Loan: No      |
| American States Water Co.                   | AMER STATES WATE                              | CUSIP: 029899101<br>LEI: 529900L26LIS2V8PWM23 | Long             | EC               | CORP              | US        |      5258 | NS      | $391878.74    | 0.18%             |  |  |  | No            | 1                  | On Loan: No      |
| Hexcel Corporation                          | HEXCEL CORP                                   | CUSIP: 428291108<br>LEI: S6Q7LW43WUBUHXY2QP69 | Long             | EC               | CORP              | US        |      7069 | NS      | $446407.35    | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Limoneira Co.                               | LIMONEIRA CO                                  | CUSIP: 532746104<br>LEI: 549300UCPZVJGYHI7550 | Long             | EC               | CORP              | US        |     25533 | NS      | $402400.08    | 0.18%             |  |  |  | No            | 1                  | On Loan: No      |
| Daktronics Inc.                             | DAKTRONICS INC                                | CUSIP: 234264109<br>LEI: 549300IOLZ3SG5YUJ288 | Long             | EC               | CORP              | US        |     26223 | NS      | $454969.05    | 0.21%             |  |  |  | No            | 1                  | On Loan: No      |
| First Financial Bankshares Inc              | FIRST FIN BANKSH                              | CUSIP: 32020R109<br>LEI: 549300XN3GTGOENGNV49 | Long             | EC               | CORP              | US        |     11114 | NS      | $413107.38    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Flowers Foods, Inc.                         | FLOWERS FOODS                                 | CUSIP: 343498101<br>LEI: 7YNCQQNDK8FBM9BBTK25 | Long             | EC               | CORP              | US        |     25159 | NS      | $378391.36    | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| World Acceptance Corporation                | WORLD ACCEPTANCE                              | CUSIP: 981419104<br>LEI: 529900M7JQUDCH7Q9153 | Long             | EC               | CORP              | US        |      2403 | NS      | $411946.29    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Jack in the Box Inc.                        | JACK IN THE BOX                               | CUSIP: 466367109<br>LEI: 5493002OJW26P0SUUP68 | Long             | EC               | CORP              | US        |     23496 | NS      | $453472.80    | 0.21%             |  |  |  | No            | 1                  | On Loan: No      |
| Quad/Graphics Inc.                          | QUAD GRAPHICS INC                             | CUSIP: 747301109<br>LEI: W2D68G5NJH4X0NW8PT65 | Long             | EC               | CORP              | US        |     70519 | NS      | $469656.54    | 0.21%             |  |  |  | No            | 1                  | On Loan: No      |
| Anterix Inc.                                | ANTERIX INC                                   | CUSIP: 03676C100<br>LEI: 549300QIX2QHFGIEQG40 | Long             | EC               | CORP              | US        |     15575 | NS      | $369750.50    | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| Advanced Energy Industries, Inc.            | ADV ENERGY INDS                               | CUSIP: 007973100<br>LEI: 549300756XI3QLFT2U27 | Long             | EC               | CORP              | US        |      3026 | NS      | $452931.68    | 0.21%             |  |  |  | No            | 1                  | On Loan: No      |
| Integra LifeSciences Holdings Corporation   | INTEGRA LIFESCIE                              | CUSIP: 457985208<br>LEI: WB7IJCYY8YFTENS4O147 | Long             | EC               | CORP              | US        |     32591 | NS      | $493101.83    | 0.22%             |  |  |  | No            | 1                  | On Loan: No      |
| Primoris Services Corp.                     | PRIMORIS SERVICE                              | CUSIP: 74164F103<br>LEI: 549300UF3OLBJ8D5K349 | Long             | EC               | CORP              | US        |      5111 | NS      | $605909.05    | 0.28%             |  |  |  | No            | 1                  | On Loan: No      |
| Angi Inc                                    | ANGI INC                                      | CUSIP: 00183L201<br>LEI: 5493003ENY577E6SZL06 | Long             | EC               | CORP              | US        |     26002 | NS      | $460755.44    | 0.21%             |  |  |  | No            | 1                  | On Loan: No      |
| Essent Group Ltd.                           | ESSENT GROUP LTD                              | CUSIP: G3198U102<br>LEI: 254900QUO860OUT6ZF83 | Long             | EC               | CORP              | BM        |      6604 | NS      | $414334.96    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Goodyear Tire & Rubber Co. The              | GOODYEAR TIRE                                 | CUSIP: 382550101<br>LEI: 5493002BI0S2ZQUY3437 | Long             | EC               | CORP              | US        |     38636 | NS      | $327633.28    | 0.15%             |  |  |  | No            | 1                  | On Loan: No      |
| Apartment Investment and Management Company | APARTMENT INVEST                              | CUSIP: 03748R747<br>LEI: 549300O8FT5GJ4RU1D57 | Long             | EC               | CORP              | US        |     46523 | NS      | $364275.09    | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| Enova International Inc.                    | ENOVA INTERNATIO                              | CUSIP: 29357K103<br>LEI: 549300O8XOCQSB49UO63 | Long             | EC               | CORP              | US        |      3598 | NS      | $436437.40    | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Westamerica Bancorp                         | WESTAMERICA BANC                              | CUSIP: 957090103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8231 | NS      | $411632.31    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| HNI Corp                                    | HNI CORP                                      | CUSIP: 404251100<br>LEI: 549300SKRADLC4O5HV93 | Long             | EC               | CORP              | US        |      8122 | NS      | $365002.68    | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| Wintrust Financial Corporation              | WINTRUST FINL                                 | CUSIP: 97650W108<br>LEI: Q774KI4AW80FHFW33O61 | Long             | EC               | CORP              | US        |      3220 | NS      | $442073.80    | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Valmont Industries, Inc.                    | VALMONT INDS                                  | CUSIP: 920253101<br>LEI: 5493009ZGZJJ8F77JN08 | Long             | EC               | CORP              | US        |      1223 | NS      | $448987.76    | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Marriott Vacations Worldwide Corp           | MARRIOTT VACATIO                              | CUSIP: 57164Y107<br>LEI: 549300WA6BT5H4F7IO94 | Long             | EC               | CORP              | US        |      5548 | NS      | $433576.20    | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Ardelyx Inc                                 | ARDELYX INC                                   | CUSIP: 039697107<br>LEI: 549300F542QR4SXHCY32 | Long             | EC               | CORP              | US        |    101247 | NS      | $643930.92    | 0.29%             |  |  |  | No            | 1                  | On Loan: No      |
| Alexanders Inc                              | ALEXANDER'S INC                               | CUSIP: 014752109<br>LEI: 549300TZM28P04U5R635 | Long             | EC               | CORP              | US        |      1781 | NS      | $410235.54    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| MeridianLink Inc                            | MERIDIANLINK INC                              | CUSIP: 58985J105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     24638 | NS      | $490049.82    | 0.22%             |  |  |  | No            | 1                  | On Loan: No      |
| Gibraltar Industries, Inc.                  | GIBRALTAR INDUST                              | CUSIP: 374689107<br>LEI: 549300AE5O3GN0YBLM57 | Long             | EC               | CORP              | US        |      6741 | NS      | $421919.19    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Clear Channel Outdoor Holdings Inc.         | CLEAR CHANNEL OU                              | CUSIP: 18453H106<br>LEI: 254900XBEE6V1ENYS150 | Long             | EC               | CORP              | US        |    344024 | NS      | $426589.76    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Green Plains Inc.                           | GREEN PLAINS INC                              | CUSIP: 393222104<br>LEI: VJ5WLTHARBSDR14KIZ98 | Long             | EC               | CORP              | US        |     65730 | NS      | $730260.30    | 0.33%             |  |  |  | No            | 1                  | On Loan: No      |
| Impinj Inc                                  | IMPINJ INC                                    | CUSIP: 453204109<br>LEI: 549300M26VGKSMMWWN17 | Long             | EC               | CORP              | US        |      3589 | NS      | $672829.83    | 0.31%             |  |  |  | No            | 1                  | On Loan: No      |
| Nelnet Inc.                                 | NELNET INC-CL A                               | CUSIP: 64031N108<br>LEI: 549300T6B0Q52I6OM558 | Long             | EC               | CORP              | US        |      3323 | NS      | $427371.03    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Heartland Express Inc.                      | HEARTLAND EXPRES                              | CUSIP: 422347104<br>LEI: 5299005V45FZIQGLOG39 | Long             | EC               | CORP              | US        |     46210 | NS      | $396943.90    | 0.18%             |  |  |  | No            | 1                  | On Loan: No      |
| BBH SWEEP VEHICLE                           | BBH SWEEP VEHICLE                             | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | US        |   1443939 | PA      | $1443939.42   | 0.66%             |  |  |  | No            | 1                  | On Loan: No      |
| Diversified Healthcare Trust                | DIVERSIFIED HEAL                              | CUSIP: 25525P107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    113042 | NS      | $430690.02    | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Veeco Instruments Inc.                      | VEECO INSTRUMENT                              | CUSIP: 922417100<br>LEI: 5493004201F72ADDZW04 | Long             | EC               | CORP              | US        |     19708 | NS      | $483240.16    | 0.22%             |  |  |  | No            | 1                  | On Loan: No      |
| Semtech Corporation                         | SEMTECH CORP                                  | CUSIP: 816850101<br>LEI: 549300J7WUY317SW6O61 | Long             | EC               | CORP              | US        |      8881 | NS      | $515897.29    | 0.23%             |  |  |  | No            | 1                  | On Loan: No      |
| Select Water Solutions Inc                  | SELECT WATER SOL                              | CUSIP: 81617J301<br>LEI: 54930094OK8LA3QDW486 | Long             | EC               | CORP              | US        |     45773 | NS      | $389985.96    | 0.18%             |  |  |  | No            | 1                  | On Loan: No      |
| Donnelley Financial Solutions Inc           | DONNELLEY FINANC                              | CUSIP: 25787G100<br>LEI: 549300O1NPY4J56QCU04 | Long             | EC               | CORP              | US        |      6484 | NS      | $368096.68    | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| InterDigital, Inc.                          | INTERDIGITAL INC                              | CUSIP: 45867G101<br>LEI: 529900HQAUTC3VI47G64 | Long             | EC               | CORP              | US        |      1781 | NS      | $483915.51    | 0.22%             |  |  |  | No            | 1                  | On Loan: No      |
| National Research Corp.                     | NATL RESEARCH CO                              | CUSIP: 637372202<br>LEI: 549300FQIORB6GZCYT15 | Long             | EC               | CORP              | US        |     23601 | NS      | $346698.69    | 0.16%             |  |  |  | No            | 1                  | On Loan: No      |
| Alexander & Baldwin Inc                     | ALEXANDER & BALD                              | CUSIP: 014491104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     22603 | NS      | $437142.02    | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| New Jersey Resources Corp.                  | NEW JERSEY RES                                | CUSIP: 646025106<br>LEI: 549300QKBSQBIX4DQ583 | Long             | EC               | CORP              | US        |      9001 | NS      | $425657.29    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Neogen Corp                                 | NEOGEN CORP                                   | CUSIP: 640491106<br>LEI: 549300HJT9FC36N4UW43 | Long             | EC               | CORP              | US        |     84285 | NS      | $484638.75    | 0.22%             |  |  |  | No            | 1                  | On Loan: No      |
| CRA International Inc.                      | CRA INTERNATIONA                              | CUSIP: 12618T105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2149 | NS      | $416390.24    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Hudson Pacific Properties Inc               | HUDSON PACIFIC P                              | CUSIP: 444097109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    148668 | NS      | $417757.08    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Apollo Commercial Real Estate Finance, Inc. | APOLLO COMMERCIA                              | CUSIP: 03762U105<br>LEI: 549300E0AN7M2AQHSY29 | Long             | EC               | CORP              | US        |     41787 | NS      | $442524.33    | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Knight-Swift Transportation Holdings Inc.   | KNIGHT-SWIFT TRA                              | CUSIP: 499049104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9046 | NS      | $397119.40    | 0.18%             |  |  |  | No            | 1                  | On Loan: No      |
| Cal-Maine Foods Inc.                        | CAL-MAINE FOODS                               | CUSIP: 128030202<br>LEI: 549300NHE5WMIEIEMF53 | Long             | EC               | CORP              | US        |      4038 | NS      | $466954.32    | 0.21%             |  |  |  | No            | 1                  | On Loan: No      |
| Empire State Realty Trust Inc               | EMPIRE STATE REA                              | CUSIP: 292104106<br>LEI: 549300VOKY1DUEQSB456 | Long             | EC               | CORP              | US        |     49876 | NS      | $381551.40    | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| The Andersons Inc                           | ANDERSONS INC                                 | CUSIP: 034164103<br>LEI: L38MWB8MVRFV7HVJPU11 | Long             | EC               | CORP              | US        |     10940 | NS      | $447446.00    | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Grocery Outlet Holding Corp.                | GROCERY OUTLET                                | CUSIP: 39874R101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     32298 | NS      | $584916.78    | 0.27%             |  |  |  | No            | 1                  | On Loan: No      |
| Webster Financial Corp.                     | WEBSTER FINL                                  | CUSIP: 947890109<br>LEI: KMRURHT0VWKYS6Z5KU67 | Long             | EC               | CORP              | US        |      7289 | NS      | $453521.58    | 0.21%             |  |  |  | No            | 1                  | On Loan: No      |
| Flagstar Financial, Inc.                    | FLAGSTAR FINANCI                              | CUSIP: 649445400<br>LEI: 529900HVXOTLY61GL030 | Long             | EC               | CORP              | US        |     37693 | NS      | $483224.26    | 0.22%             |  |  |  | No            | 1                  | On Loan: No      |
| Amkor Technology, Inc.                      | AMKOR TECH INC                                | CUSIP: 031652100<br>LEI: 529900VHLRTKPWZJBM84 | Long             | EC               | CORP              | US        |     19100 | NS      | $462029.00    | 0.21%             |  |  |  | No            | 1                  | On Loan: No      |
| The Macerich Company                        | MACERICH CO                                   | CUSIP: 554382101<br>LEI: 529900PSWCB5KI0JYU46 | Long             | EC               | CORP              | US        |     24864 | NS      | $457497.60    | 0.21%             |  |  |  | No            | 1                  | On Loan: No      |
| PDF Solutions Inc                           | PDF SOLUTIONS                                 | CUSIP: 693282105<br>LEI: 549300GMSP6MROFBI160 | Long             | EC               | CORP              | US        |     18963 | NS      | $387793.35    | 0.18%             |  |  |  | No            | 1                  | On Loan: No      |
| MDU Resources Group, Inc.                   | MDU RES GROUP                                 | CUSIP: 552690109<br>LEI: 549300MA0UV6AI6SNV27 | Long             | EC               | CORP              | US        |     24158 | NS      | $393533.82    | 0.18%             |  |  |  | No            | 1                  | On Loan: No      |
| Energy Recovery Inc.                        | ENERGY RECOVERY                               | CUSIP: 29270J100<br>LEI: 549300ZEQL52Z525WJ22 | Long             | EC               | CORP              | US        |     31045 | NS      | $441149.45    | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Sabra Health Care REIT, Inc.                | SABRA HEALTH CAR                              | CUSIP: 78573L106<br>LEI: 549300E3BC7GU7TAZ621 | Long             | EC               | CORP              | US        |     21825 | NS      | $417075.75    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| ATI Inc                                     | ATI INC                                       | CUSIP: 01741R102<br>LEI: ZW1LRE7C3H17O2ZN9B45 | Long             | EC               | CORP              | US        |      4628 | NS      | $358855.12    | 0.16%             |  |  |  | No            | 1                  | On Loan: No      |
| Par Pacific Holdings, Inc.                  | PAR PACIFIC HOLD                              | CUSIP: 69888T207<br>LEI: 549300BTNS7MHSHRLR55 | Long             | EC               | CORP              | US        |     14912 | NS      | $516551.68    | 0.23%             |  |  |  | No            | 1                  | On Loan: No      |
| Dillards, Inc.                              | DILLARDS INC-A                                | CUSIP: 254067101<br>LEI: 529900FGYKMWL6019P91 | Long             | EC               | CORP              | US        |       966 | NS      | $514762.08    | 0.23%             |  |  |  | No            | 1                  | On Loan: No      |
| Atlantic Union Bankshares Corp              | ATLANTIC UNION B                              | CUSIP: 04911A107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       108 | NS      | $3858.84      | 0.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Taylor Morrison Home Corp                   | TAYLOR MORRISON                               | CUSIP: 87724P106<br>LEI: 5299009UDLLGLKOOJE30 | Long             | EC               | CORP              | US        |      6500 | NS      | $437905.00    | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Upbound Group Inc                           | UPBOUND GROUP IN                              | CUSIP: 76009N100<br>LEI: 529900QUHE15UQNCCJ63 | Long             | EC               | CORP              | US        |     15872 | NS      | $403307.52    | 0.18%             |  |  |  | No            | 1                  | On Loan: No      |
| Saul Centers, Inc.                          | SAUL CENTERS INC                              | CUSIP: 804395101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11873 | NS      | $405700.41    | 0.18%             |  |  |  | No            | 1                  | On Loan: No      |
| Gorman-Rupp Co                              | GORMAN-RUPP CO                                | CUSIP: 383082104<br>LEI: 254900WVLPOIWPGJPA07 | Long             | EC               | CORP              | US        |     10822 | NS      | $462856.94    | 0.21%             |  |  |  | No            | 1                  | On Loan: No      |
| The Chemours Company LLC                    | CHEMOURS CO                                   | CUSIP: 163851108<br>LEI: 549300M1BOLNXL8DOV14 | Long             | EC               | CORP              | US        |     34947 | NS      | $538183.80    | 0.24%             |  |  |  | No            | 1                  | On Loan: No      |
| ServisFirst Bancshares, Inc.                | SERVISFIRST BANC                              | CUSIP: 81768T108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5143 | NS      | $453355.45    | 0.21%             |  |  |  | No            | 1                  | On Loan: No      |
| Helen Of Troy Corp                          | HELEN OF TROY                                 | CUSIP: G4388N106<br>LEI: N/A                  | Long             | EC               | CORP              | BM        |     14172 | NS      | $347922.60    | 0.16%             |  |  |  | No            | 1                  | On Loan: No      |
| WD-40 Co.                                   | WD-40 CO                                      | CUSIP: 929236107<br>LEI: 549300UZHTN0CNKBOB19 | Long             | EC               | CORP              | US        |      1760 | NS      | $380230.40    | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| Protagonist Therapeutics Inc                | PROTAGONIST THER                              | CUSIP: 74366E102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7166 | NS      | $423152.30    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Cohu Inc                                    | COHU INC                                      | CUSIP: 192576106<br>LEI: 529900FJPORJ3JJ2XS33 | Long             | EC               | CORP              | US        |     20740 | NS      | $412726.00    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Lear Corporation                            | LEAR CORP                                     | CUSIP: 521865204<br>LEI: 549300UPNBTXA1SYTQ33 | Long             | EC               | CORP              | US        |      4237 | NS      | $466070.00    | 0.21%             |  |  |  | No            | 1                  | On Loan: No      |
| Varonis Systems Inc                         | VARONIS SYSTEMS                               | CUSIP: 922280102<br>LEI: 549300SHIVNRRH7STS26 | Long             | EC               | CORP              | US        |      7866 | NS      | $464251.32    | 0.21%             |  |  |  | No            | 1                  | On Loan: No      |
| Amplitude Inc                               | AMPLITUDE-CL A                                | CUSIP: 03213A104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     32251 | NS      | $368628.93    | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| Stepan Co                                   | STEPAN CO                                     | CUSIP: 858586100<br>LEI: IZU1EW9GB3WC7CYCSR17 | Long             | EC               | CORP              | US        |      7310 | NS      | $365719.30    | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| Cheesecake Factory Inc                      | CHEESECAKE FACTO                              | CUSIP: 163072101<br>LEI: 529900872XMLK10SY247 | Long             | EC               | CORP              | US        |      6429 | NS      | $395126.34    | 0.18%             |  |  |  | No            | 1                  | On Loan: No      |
| Coursera Inc                                | COURSERA                                      | CUSIP: 22266M104<br>LEI: 984500573CA1QB7DAC30 | Long             | EC               | CORP              | US        |     45733 | NS      | $525929.50    | 0.24%             |  |  |  | No            | 1                  | On Loan: No      |
| DiamondRock Hospitality Co.                 | DIAMONDROCK HOSP                              | CUSIP: 252784301<br>LEI: 529900KKD4BPVBUAQ734 | Long             | EC               | CORP              | US        |     52495 | NS      | $449357.20    | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Owens & Minor Inc                           | OWENS & MINOR                                 | CUSIP: 690732102<br>LEI: 549300LMT5KQQXCEZ733 | Long             | EC               | CORP              | US        |     44475 | NS      | $217927.50    | 0.10%             |  |  |  | No            | 1                  | On Loan: No      |
| Southside Bancshares Inc.                   | SOUTHSIDE BAN IN                              | CUSIP: 84470P109<br>LEI: 549300TC83207VQA2K65 | Long             | EC               | CORP              | US        |     13567 | NS      | $423833.08    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Target Hospitality Corp                     | TARGET HOSPITALI                              | CUSIP: 87615L107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     55688 | NS      | $505090.16    | 0.23%             |  |  |  | No            | 1                  | On Loan: No      |
| Albany International Corp.                  | ALBANY INTL CORP                              | CUSIP: 012348108<br>LEI: L73WCPNCZIRSQGZTW097 | Long             | EC               | CORP              | US        |      5674 | NS      | $360355.74    | 0.16%             |  |  |  | No            | 1                  | On Loan: No      |
| American Axle & Manufacturing Holdings Inc. | AMER AXLE & MFG                               | CUSIP: 024061103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     98715 | NS      | $574521.30    | 0.26%             |  |  |  | No            | 1                  | On Loan: No      |
| Argan Inc                                   | ARGAN INC                                     | CUSIP: 04010E109<br>LEI: 529900E4KZWBV9KGBS83 | Long             | EC               | CORP              | US        |      1805 | NS      | $411937.10    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Ormat Technologies Inc.                     | ORMAT TECHNOLOGI                              | CUSIP: 686688102<br>LEI: 5493000TSHHWY24VHM09 | Long             | EC               | CORP              | US        |      4784 | NS      | $439601.76    | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Watts Water Technologies Inc.               | WATTS WATER TE-A                              | CUSIP: 942749102<br>LEI: 549300REJOO94ERQN318 | Long             | EC               | CORP              | US        |      1623 | NS      | $449408.70    | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Matson Inc                                  | MATSON INC                                    | CUSIP: 57686G105<br>LEI: 549300OI5H3Y0I9I4I12 | Long             | EC               | CORP              | US        |      3614 | NS      | $376036.70    | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| ScanSource Inc.                             | SCANSOURCE INC                                | CUSIP: 806037107<br>LEI: 7FHBAN017QDY4K2KP156 | Long             | EC               | CORP              | US        |      9574 | NS      | $417905.10    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Home BancShares Inc.                        | HOME BANCSHARES                               | CUSIP: 436893200<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     14013 | NS      | $417026.88    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Cable One Inc                               | CABLE ONE INC                                 | CUSIP: 12685J105<br>LEI: 549300648QS85T0XSH18 | Long             | EC               | CORP              | US        |      3002 | NS      | $484762.96    | 0.22%             |  |  |  | No            | 1                  | On Loan: No      |
| ICU Medical Inc                             | ICU MEDICAL                                   | CUSIP: 44930G107<br>LEI: 5493003NRW7LS2QZRH60 | Long             | EC               | CORP              | US        |      3057 | NS      | $390256.62    | 0.18%             |  |  |  | No            | 1                  | On Loan: No      |
| Jamf Holding Corp                           | JAMF HOLDING COR                              | CUSIP: 47074L105<br>LEI: 254900IHLXZU4Z5ANA12 | Long             | EC               | CORP              | US        |     42367 | NS      | $394860.44    | 0.18%             |  |  |  | No            | 1                  | On Loan: No      |
| Energizer Holdings Inc                      | ENERGIZER HOLDIN                              | CUSIP: 29272W109<br>LEI: 5493000D6NN0V57UME20 | Long             | EC               | CORP              | US        |     19872 | NS      | $547672.32    | 0.25%             |  |  |  | No            | 1                  | On Loan: No      |
| F N B Corp (Pennsylvania)                   | FNB CORP                                      | CUSIP: 302520101<br>LEI: PCYSKIGYNYFDTBLVZU83 | Long             | EC               | CORP              | US        |     27383 | NS      | $457022.27    | 0.21%             |  |  |  | No            | 1                  | On Loan: No      |
| Prosperity Bancshares Inc                   | PROSPERITY BNCSH                              | CUSIP: 743606105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5705 | NS      | $394386.65    | 0.18%             |  |  |  | No            | 1                  | On Loan: No      |
| Uniti Group LLC                             | UNITI GROUP INC                               | CUSIP: 912932100<br>LEI: 549300V3NU625PJUVA84 | Long             | EC               | CORP              | US        |     55012 | NS      | $346575.60    | 0.16%             |  |  |  | No            | 1                  | On Loan: No      |
| HealthStream Inc.                           | HEALTHSTREAM INC                              | CUSIP: 42222N103<br>LEI: 529900OJ88H8635JNH64 | Long             | EC               | CORP              | US        |     14516 | NS      | $407609.28    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Nexpoint Residential Trust Inc              | NEXPOINT RESI                                 | CUSIP: 65341D102<br>LEI: 549300U2J6XVYBF87166 | Long             | EC               | CORP              | US        |     12109 | NS      | $417881.59    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| JBT Marel Corp.                             | JBT MAREL CORP                                | CUSIP: 477839104<br>LEI: 5493007CT6ATBZ2L6826 | Long             | EC               | CORP              | US        |      3314 | NS      | $474863.06    | 0.22%             |  |  |  | No            | 1                  | On Loan: No      |
| M/I Homes Inc.                              | M/I HOMES INC                                 | CUSIP: 55305B101<br>LEI: 5299005M71FH9CCSFB69 | Long             | EC               | CORP              | US        |      3562 | NS      | $524540.12    | 0.24%             |  |  |  | No            | 1                  | On Loan: No      |
| Piedmont Realty Trust Inc.                  | PIEDMONT REALTY                               | CUSIP: 720190206<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     55727 | NS      | $472007.69    | 0.21%             |  |  |  | No            | 1                  | On Loan: No      |
| Horizon Bancorp Inc.                        | HORIZON BANCORP                               | CUSIP: 440407104<br>LEI: 549300U2OQ2EIT5MXG39 | Long             | EC               | CORP              | US        |     26021 | NS      | $438714.06    | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Gentex Corp                                 | GENTEX CORP                                   | CUSIP: 371901109<br>LEI: 549300S3UD8XV1MN0287 | Long             | EC               | CORP              | US        |     18270 | NS      | $511742.70    | 0.23%             |  |  |  | No            | 1                  | On Loan: No      |
| Ultra Clean Holdings Inc                    | ULTRA CLEAN HOLD                              | CUSIP: 90385V107<br>LEI: 5493007L6LS7QX18PE75 | Long             | EC               | CORP              | US        |     17751 | NS      | $426379.02    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Covenant Logistics Group Inc.               | COVENANT LOGISTI                              | CUSIP: 22284P105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16524 | NS      | $398724.12    | 0.18%             |  |  |  | No            | 1                  | On Loan: No      |
| Orion S.A.                                  | ORION SA                                      | CUSIP: L72967109<br>LEI: N/A                  | Long             | EC               | CORP              | LU        |     37448 | NS      | $395076.40    | 0.18%             |  |  |  | No            | 1                  | On Loan: No      |
| Ducommun Incorporated                       | DUCOMMUN INC                                  | CUSIP: 264147109<br>LEI: 549300Z71HMWF90S2214 | Long             | EC               | CORP              | US        |      4866 | NS      | $443876.52    | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| International Bancshares Corp               | INTL BANCSHARES                               | CUSIP: 459044103<br>LEI: 549300Y16R531AU8TX77 | Long             | EC               | CORP              | US        |      6003 | NS      | $429454.62    | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Lattice Semiconductor Corporation           | LATTICE SEMICOND                              | CUSIP: 518415104<br>LEI: 549300LRBBPZDQ2II567 | Long             | EC               | CORP              | US        |      8120 | NS      | $539005.60    | 0.25%             |  |  |  | No            | 1                  | On Loan: No      |
| Coeur Mining Inc                            | COEUR MINING INC                              | CUSIP: 192108504<br>LEI: 5493003AVK173D48DR70 | Long             | EC               | CORP              | US        |     45516 | NS      | $598535.40    | 0.27%             |  |  |  | No            | 1                  | On Loan: No      |
| Kforce Inc                                  | KFORCE INC                                    | CUSIP: 493732101<br>LEI: 5493003RDQQDVXY2SK46 | Long             | EC               | CORP              | US        |      9694 | NS      | $316024.40    | 0.14%             |  |  |  | No            | 1                  | On Loan: No      |
| Hilltop Holdings Inc                        | HILLTOP HOLDINGS                              | CUSIP: 432748101<br>LEI: 54930010TA543US0PM65 | Long             | EC               | CORP              | US        |     13123 | NS      | $460354.84    | 0.21%             |  |  |  | No            | 1                  | On Loan: No      |
| CBIZ Inc.                                   | CBIZ INC                                      | CUSIP: 124805102<br>LEI: 529900D5X8CFM8O1N813 | Long             | EC               | CORP              | US        |      5605 | NS      | $361746.70    | 0.16%             |  |  |  | No            | 1                  | On Loan: No      |
| Capital City Bank Group Inc.                | CAP CITY BANK                                 | CUSIP: 139674105<br>LEI: 254900NVLVUJQZKTQE82 | Long             | EC               | CORP              | US        |     10188 | NS      | $446845.68    | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Calix Inc.                                  | CALIX INC                                     | CUSIP: 13100M509<br>LEI: 5299002RQRZ4SXSCSJ58 | Long             | EC               | CORP              | US        |      7517 | NS      | $446885.65    | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Clean Energy Fuels Corp.                    | CLEAN ENERGY FUE                              | CUSIP: 184499101<br>LEI: 549300MTQB4VUAOPMF71 | Long             | EC               | CORP              | US        |    204534 | NS      | $537924.42    | 0.24%             |  |  |  | No            | 1                  | On Loan: No      |
| Vishay Intertechnology, Inc.                | VISHAY INTERTECH                              | CUSIP: 928298108<br>LEI: 5493009O8F3QQJTCQR75 | Long             | EC               | CORP              | US        |     25073 | NS      | $387628.58    | 0.18%             |  |  |  | No            | 1                  | On Loan: No      |
| Brady Corp                                  | BRADY CORP - A                                | CUSIP: 104674106<br>LEI: 549300G2LEQOFQC8GY34 | Long             | EC               | CORP              | US        |      5875 | NS      | $458720.00    | 0.21%             |  |  |  | No            | 1                  | On Loan: No      |
| Rogers Corp                                 | ROGERS CORP                                   | CUSIP: 775133101<br>LEI: PW0CN80KNFR7RUOOKJ84 | Long             | EC               | CORP              | US        |      5855 | NS      | $459383.30    | 0.21%             |  |  |  | No            | 1                  | On Loan: No      |
| First Busey Corporation                     | FIRST BUSEY CORP                              | CUSIP: 319383204<br>LEI: 549300X4ZNLYSX7GUY60 | Long             | EC               | CORP              | US        |     17378 | NS      | $429236.60    | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Kilroy Realty Corporation                   | KILROY REALTY                                 | CUSIP: 49427F108<br>LEI: 549300CXXI18B214UN80 | Long             | EC               | CORP              | US        |     11781 | NS      | $489971.79    | 0.22%             |  |  |  | No            | 1                  | On Loan: No      |
| Iridium Communications, Inc.                | IRIDIUM COMMUNIC                              | CUSIP: 46269C102<br>LEI: 549300U620NVQ4J1CT96 | Long             | EC               | CORP              | US        |     13252 | NS      | $329842.28    | 0.15%             |  |  |  | No            | 1                  | On Loan: No      |
| Standex International Corp                  | STANDEX INTL CO                               | CUSIP: 854231107<br>LEI: RCX52GR0JW2LRRMH9Z54 | Long             | EC               | CORP              | US        |      2565 | NS      | $523439.55    | 0.24%             |  |  |  | No            | 1                  | On Loan: No      |
| Metallus Inc.                               | METALLUS INC                                  | CUSIP: 887399103<br>LEI: 549300QZTZWHDE9HJL14 | Long             | EC               | CORP              | US        |     25801 | NS      | $423910.43    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Enpro Inc                                   | ENPRO INC                                     | CUSIP: 29355X107<br>LEI: 549300Y5CFT2LKCFDN54 | Long             | EC               | CORP              | US        |      2095 | NS      | $458323.15    | 0.21%             |  |  |  | No            | 1                  | On Loan: No      |
| GMS Inc                                     | GMS INC                                       | CUSIP: 36251C103<br>LEI: 52990057RENOQO4U0D72 | Long             | EC               | CORP              | US        |      3685 | NS      | $405092.05    | 0.18%             |  |  |  | No            | 1                  | On Loan: No      |
| Southwest Gas Holdings Inc                  | SOUTHWEST GAS HO                              | CUSIP: 844895102<br>LEI: 254900LKF9EV0CUKNE09 | Long             | EC               | CORP              | US        |      5416 | NS      | $432630.08    | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Federal Agricultural Mortgage Corporation   | FED AGRI MTG-C                                | CUSIP: 313148306<br>LEI: 549300MS654K78GYF580 | Long             | EC               | USGA              | US        |      2058 | NS      | $431295.06    | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Eos Energy Enterprises Inc.                 | EOS ENERGY ENTER                              | CUSIP: 29415C101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     77918 | NS      | $537634.20    | 0.24%             |  |  |  | No            | 1                  | On Loan: —       |
| Helios Technologies Inc                     | HELIOS TECHNOLOGIES INC                       | CUSIP: 42328H109<br>LEI: 5493000BCJSMIDRNTI78 | Long             | EC               | CORP              | US        |     12000 | NS      | $650880.00    | 0.30%             |  |  |  | No            | 1                  | On Loan: No      |
| Xenia Hotels & Resorts Inc                  | XENIA HOTELS & R                              | CUSIP: 984017103<br>LEI: 54930075IWIPHF5IQL62 | Long             | EC               | CORP              | US        |     32038 | NS      | $452696.94    | 0.21%             |  |  |  | No            | 1                  | On Loan: No      |
| ONE Gas, Inc.                               | ONE GAS INC                                   | CUSIP: 68235P108<br>LEI: 549300HXDWI0LATTX840 | Long             | EC               | CORP              | US        |      5623 | NS      | $430159.50    | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Simpson Manufacturing Co Inc.               | SIMPSON MFG                                   | CUSIP: 829073105<br>LEI: 529900EJUNNL15LZ8056 | Long             | EC               | CORP              | US        |      2574 | NS      | $491942.88    | 0.22%             |  |  |  | No            | 1                  | On Loan: No      |
| Darling Ingredients, Inc                    | DARLING INGREDIE                              | CUSIP: 237266101<br>LEI: L1N0SPPKS7EXZYUMZ898 | Long             | EC               | CORP              | US        |     10477 | NS      | $355798.92    | 0.16%             |  |  |  | No            | 1                  | On Loan: No      |
| Louisiana Pacific Corporation               | LOUISIANA-PACIFI                              | CUSIP: 546347105<br>LEI: 549300C7E2UAO5BVRR75 | Long             | EC               | CORP              | US        |      4663 | NS      | $443497.93    | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Tidewater Inc New                           | TIDEWATER INC                                 | CUSIP: 88642R109<br>LEI: 2549000JA5GRUPLMUH98 | Long             | EC               | CORP              | US        |      8566 | NS      | $515673.20    | 0.23%             |  |  |  | No            | 1                  | On Loan: No      |
| Green Brick Partners Inc.                   | GREEN BRICK PART                              | CUSIP: 392709101<br>LEI: 549300R7SCIV7FQI6T56 | Long             | EC               | CORP              | US        |      6338 | NS      | $442645.92    | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Lithia Motors Incorporated                  | LITHIA MOTORS                                 | CUSIP: 536797103<br>LEI: SE8N1EZEHPZQBCBVKD53 | Long             | EC               | CORP              | US        |      1194 | NS      | $401995.92    | 0.18%             |  |  |  | No            | 1                  | On Loan: No      |
| Central Garden & Pet Company                | CENTRAL GARDEN                                | CUSIP: 153527106<br>LEI: 5493004DVZLD37DJ0H83 | Long             | EC               | CORP              | US        |     11325 | NS      | $412569.75    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Franklin Electric Co Inc                    | FRANKLIN ELEC CO                              | CUSIP: 353514102<br>LEI: RR6AURIKMXUE4Q24G284 | Long             | EC               | CORP              | US        |      4460 | NS      | $436455.60    | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Innovex International Inc.                  | INNOVEX INTERNAT                              | CUSIP: 457651107<br>LEI: 5299007REICYIJNMW197 | Long             | EC               | CORP              | US        |     25533 | NS      | $440699.58    | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Cytokinetics Inc                            | CYTOKINETICS INC                              | CUSIP: 23282W605<br>LEI: 549300BE5DY1HW7IHA64 | Long             | EC               | CORP              | US        |     12212 | NS      | $431449.96    | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Polaris Inc.                                | POLARIS INC                                   | CUSIP: 731068102<br>LEI: 549300QJSN8UVWN1EI78 | Long             | EC               | CORP              | US        |      9964 | NS      | $563763.12    | 0.26%             |  |  |  | No            | 1                  | On Loan: No      |
| National Healthcare Corporation             | NATL HEALTHCARE                               | CUSIP: 635906100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3773 | NS      | $428160.04    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Edgewell Personal Care Co                   | EDGEWELL PERSONA                              | CUSIP: 28035Q102<br>LEI: 549300CY8QZDL4Z3RU59 | Long             | EC               | CORP              | US        |     17152 | NS      | $411991.04    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| PROS Holdings Inc.                          | PROS HOLDINGS IN                              | CUSIP: 74346Y103<br>LEI: 549300LPE1KNL5RWKQ48 | Long             | EC               | CORP              | US        |     25724 | NS      | $398722.00    | 0.18%             |  |  |  | No            | 1                  | On Loan: No      |
| Tri Pointe Homes Inc                        | TRI POINTE HOMES                              | CUSIP: 87265H109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     12484 | NS      | $441059.72    | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Cryoport Inc                                | CRYOPORT                                      | CUSIP: 229050307<br>LEI: 9845004D8538BT8JF626 | Long             | EC               | CORP              | US        |     52834 | NS      | $468109.24    | 0.21%             |  |  |  | No            | 1                  | On Loan: No      |
| IPG Photonics Corp                          | IPG PHOTONICS                                 | CUSIP: 44980X109<br>LEI: 5493002KZ51CADQ94G15 | Long             | EC               | CORP              | US        |      5854 | NS      | $478974.28    | 0.22%             |  |  |  | No            | 1                  | On Loan: No      |
| Haverty Furniture Cos Inc                   | HAVERTY FURNITUR                              | CUSIP: 419596101<br>LEI: 529900CVFMMIRXZVPD70 | Long             | EC               | CORP              | US        |     19512 | NS      | $439995.60    | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Applied Industrial Technologies Inc.        | APPLIED INDU TEC                              | CUSIP: 03820C105<br>LEI: 549300NU173IJRC6PO38 | Long             | EC               | CORP              | US        |      1721 | NS      | $453621.18    | 0.21%             |  |  |  | No            | 1                  | On Loan: No      |
| ACI Worldwide Inc                           | ACI WORLDWIDE IN                              | CUSIP: 004498101<br>LEI: 5493003BPVMZUJ6F5C02 | Long             | EC               | CORP              | US        |      8740 | NS      | $431319.00    | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Hyster-Yale Inc                             | HYSTER-YALE                                   | CUSIP: 449172105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9992 | NS      | $374700.00    | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| LXP Industrial Trust                        | LXP INDUSTRIAL T                              | CUSIP: 529043101<br>LEI: 549300S4MH2ICXDBFV43 | Long             | EC               | CORP              | US        |     48930 | NS      | $444284.40    | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Tanger Inc.                                 | TANGER INC                                    | CUSIP: 875465106<br>LEI: UKEW8YSXE4Y581KYOL30 | Long             | EC               | CORP              | US        |     13200 | NS      | $451176.00    | 0.21%             |  |  |  | No            | 1                  | On Loan: No      |
| ABM Industries Inc.                         | ABM INDUSTRIES                                | CUSIP: 000957100<br>LEI: QF02R89VEIOROM77J447 | Long             | EC               | CORP              | US        |      8525 | NS      | $419174.25    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Dorian LPG Ltd.                             | DORIAN LPG LTD                                | CUSIP: Y2106R110<br>LEI: 549300WP1W2WGMC7F395 | Long             | EC               | CORP              | MH        |     16396 | NS      | $524344.08    | 0.24%             |  |  |  | No            | 1                  | On Loan: No      |
| Caretrust Reit Inc                          | CARETRUST REI                                 | CUSIP: 14174T107<br>LEI: 5493001NVXE2B9GPLU96 | Long             | EC               | CORP              | US        |     13200 | NS      | $454212.00    | 0.21%             |  |  |  | No            | 1                  | On Loan: No      |
| Monro Inc                                   | MONRO INC                                     | CUSIP: 610236101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     27457 | NS      | $455237.06    | 0.21%             |  |  |  | No            | 1                  | On Loan: No      |
| Hanesbrands Inc.                            | HANESBRANDS INC                               | CUSIP: 410345102<br>LEI: GX5LWVWZLL5S4W1L2F20 | Long             | EC               | CORP              | US        |     88175 | NS      | $556384.25    | 0.25%             |  |  |  | No            | 1                  | On Loan: No      |
| Avis Budget Group Inc.                      | AVIS BUDGET GROU                              | CUSIP: 053774105<br>LEI: 529900E95812SYWMCE44 | Long             | EC               | CORP              | US        |      2388 | NS      | $377853.24    | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| First Industrial Realty Trust, Inc.         | FIRST IND REALTY                              | CUSIP: 32054K103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8395 | NS      | $441577.00    | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Natural Grocers By Vitamin Cottage Inc.     | NATURAL GROCERS BY VITAMI                     | CUSIP: 63888U108<br>LEI: 529900P4OTXDGBUS3O87 | Long             | EC               | CORP              | US        |     10226 | NS      | $393189.70    | 0.18%             |  |  |  | No            | 1                  | On Loan: No      |
| Community Financial System Inc              | COMMUNITY FINANC                              | CUSIP: 203607106<br>LEI: 5299008N6YHE6GCP1E80 | Long             | EC               | CORP              | US        |      7018 | NS      | $420308.02    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Myriad Genetics Inc.                        | MYRIAD GENETICS                               | CUSIP: 62855J104<br>LEI: 52990044IHUOUMETT163 | Long             | EC               | CORP              | US        |     75694 | NS      | $482170.78    | 0.22%             |  |  |  | No            | 1                  | On Loan: No      |
| Stratasys Ltd                               | STRATASYS LTD                                 | CUSIP: M85548101<br>LEI: 529900MU215GIP9SZ741 | Long             | EC               | CORP              | IL        |     34624 | NS      | $368745.60    | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| SmartFinancial Inc.                         | SMARTFINANCIAL I                              | CUSIP: 83190L208<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11757 | NS      | $433245.45    | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Marcus & Millichap Inc                      | MARCUS & MILLICH                              | CUSIP: 566324109<br>LEI: 549300B2HE8ULXNB1N48 | Long             | EC               | CORP              | US        |     13195 | NS      | $430025.05    | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Ironwood Pharmaceuticals, Inc.              | IRONWOOD PHARMAC                              | CUSIP: 46333X108<br>LEI: 549300PC8MR6QHH6P296 | Long             | EC               | CORP              | US        |    567285 | NS      | $748816.20    | 0.34%             |  |  |  | No            | 1                  | On Loan: No      |
| Cars.com Inc                                | CARS.COM INC                                  | CUSIP: 14575E105<br>LEI: 5493002G6J07LNGX4M98 | Long             | EC               | CORP              | US        |     33469 | NS      | $436770.45    | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Proassurance Corp                           | PROASSURANCE COR                              | CUSIP: 74267C106<br>LEI: 54930015E5J57R675E89 | Long             | EC               | CORP              | US        |     17581 | NS      | $418603.61    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Farmers & Merchants Bancorp Inc. (OH)       | FARMERS & MER/OH                              | CUSIP: 30779N105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     15652 | NS      | $414151.92    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Allison Transmission Holdings Inc           | ALLISON TRANSMIS                              | CUSIP: 01973R101<br>LEI: 529900RP7DJ882LI9T83 | Long             | EC               | CORP              | US        |      4203 | NS      | $366963.93    | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| Republic Bancorp Inc. (Kentucky)            | REPUBLIC BNCRP-A                              | CUSIP: 760281204<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5482 | NS      | $420688.68    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Unifirst Corp                               | UNIFIRST CORP/MA                              | CUSIP: 904708104<br>LEI: 5493003XBTNWBC8UK019 | Long             | EC               | CORP              | US        |      2143 | NS      | $381068.26    | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| National Vision Holdings Inc                | NATIONAL VISION                               | CUSIP: 63845R107<br>LEI: 549300JHURCBLI5ROA42 | Long             | EC               | CORP              | US        |     17470 | NS      | $400761.80    | 0.18%             |  |  |  | No            | 1                  | On Loan: No      |
| RPC Inc                                     | RPC INC                                       | CUSIP: 749660106<br>LEI: 549300ZDXAFBC3SB4918 | Long             | EC               | CORP              | US        |     85005 | NS      | $405473.85    | 0.18%             |  |  |  | No            | 1                  | On Loan: No      |
| St. Joe Co.                                 | ST JOE CO                                     | CUSIP: 790148100<br>LEI: 529900XVHOT3BF8PWG49 | Long             | EC               | CORP              | US        |      8478 | NS      | $427799.88    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Glacier Bancorp Inc.                        | GLACIER BANCORP                               | CUSIP: 37637Q105<br>LEI: 549300SMJAUKZB5D7V74 | Long             | EC               | CORP              | US        |      9249 | NS      | $454588.35    | 0.21%             |  |  |  | No            | 1                  | On Loan: No      |
| Oppenheimer Holdings Inc.                   | OPPENHEIMER HO-A                              | CUSIP: 683797104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6127 | NS      | $444636.39    | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Grand Canyon Education Inc                  | GRAND CANYON EDU                              | CUSIP: 38526M106<br>LEI: 529900XFER799IYOSW74 | Long             | EC               | CORP              | US        |      2109 | NS      | $425111.13    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Maxlinear Inc                               | MAXLINEAR                                     | CUSIP: 57776J100<br>LEI: 549300EMOI0SM2IY4F64 | Long             | EC               | CORP              | US        |     28054 | NS      | $441008.88    | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| TowneBank (Portsmouth Virginia)             | TOWNE BANK                                    | CUSIP: 89214P109<br>LEI: 54930039UO39UJGI7078 | Long             | EC               | CORP              | US        |     11694 | NS      | $429052.86    | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Syndax Pharmaceuticals Inc.                 | SYNDAX PHARMACEU                              | CUSIP: 87164F105<br>LEI: 529900OF94TRHKZVBS87 | Long             | EC               | CORP              | US        |     44060 | NS      | $719499.80    | 0.33%             |  |  |  | No            | 1                  | On Loan: No      |
| Amerisafe Inc                               | AMERISAFE INC                                 | CUSIP: 03071H100<br>LEI: 2549002B4EXPBLGMNN22 | Long             | EC               | CORP              | US        |      9157 | NS      | $422870.26    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| First Commonwealth Financial Corp  PA       | FIRST COMMON FIN                              | CUSIP: 319829107<br>LEI: 549300ZHLQ42NXDETL24 | Long             | EC               | CORP              | US        |     24565 | NS      | $436028.75    | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Hillenbrand, Inc.                           | HILLENBRAND INC                               | CUSIP: 431571108<br>LEI: U246OE781574J2BUD366 | Long             | EC               | CORP              | US        |     19818 | NS      | $503179.02    | 0.23%             |  |  |  | No            | 1                  | On Loan: No      |
| Quaker Houghton                             | QUAKER CHEMICAL                               | CUSIP: 747316107<br>LEI: 549300PJQ1R3WCWCPS54 | Long             | EC               | CORP              | US        |      3566 | NS      | $517319.62    | 0.24%             |  |  |  | No            | 1                  | On Loan: No      |
| Biohaven Ltd                                | BIOHAVEN LTD                                  | CUSIP: G1110E107<br>LEI: N/A                  | Long             | EC               | CORP              | VG        |     28448 | NS      | $437814.72    | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Elme Communities                            | ELME COMMUNITIES                              | CUSIP: 939653101<br>LEI: 549300DI34BGS8LVKW95 | Long             | EC               | CORP              | US        |     25301 | NS      | $432141.08    | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| New Mountain Finance Corporation            | NEW MOUNTAIN FIN                              | CUSIP: 647551100<br>LEI: 549300L1MPTT1H7SES77 | Long             | EC               | RF                | US        |     37855 | NS      | $403534.30    | 0.18%             |  |  |  | No            | 1                  | On Loan: No      |
| NBT Bancorp Inc                             | NBT BANCORP INC                               | CUSIP: 628778102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9626 | NS      | $426143.02    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Prestige Consumer Healthcare Inc            | PRESTIGE CONSUME                              | CUSIP: 74112D101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5025 | NS      | $341901.00    | 0.16%             |  |  |  | No            | 1                  | On Loan: No      |
| Cantaloupe Inc.                             | CANTALOUPE INC                                | CUSIP: 138103106<br>LEI: 529900O54DBQQVWO9Q85 | Long             | EC               | CORP              | US        |     36472 | NS      | $396450.64    | 0.18%             |  |  |  | No            | 1                  | On Loan: No      |
| ExlService Holdings Inc.                    | EXLSERVICE HOLDI                              | CUSIP: 302081104<br>LEI: 81E3DTNF6OSH489ZOV15 | Long             | EC               | CORP              | US        |      9153 | NS      | $400718.34    | 0.18%             |  |  |  | No            | 1                  | On Loan: No      |
| Interparfums Inc                            | INTERPARFUMS INC                              | CUSIP: 458334109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3069 | NS      | $352750.86    | 0.16%             |  |  |  | No            | 1                  | On Loan: No      |
| Synovus Financial Corp.                     | SYNOVUS FINL                                  | CUSIP: 87161C501<br>LEI: 549300EIUS8UN5JTLE54 | Long             | EC               | CORP              | US        |      7700 | NS      | $397397.00    | 0.18%             |  |  |  | No            | 1                  | On Loan: No      |
| Glaukos Corp.                               | GLAUKOS CORP                                  | CUSIP: 377322102<br>LEI: 5299004JA1LHE21M6T14 | Long             | EC               | CORP              | US        |      3846 | NS      | $368523.72    | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| Brinks Company                              | BRINK'S CO/THE                                | CUSIP: 109696104<br>LEI: XFP140TFNOQMIVFTVQ13 | Long             | EC               | CORP              | US        |      4503 | NS      | $504516.12    | 0.23%             |  |  |  | No            | 1                  | On Loan: No      |
| Farmers National Banc Corp.                 | FARMERS NATL BAN                              | CUSIP: 309627107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     29068 | NS      | $441252.24    | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Calumet Inc                                 | CALUMET INC                                   | CUSIP: 131428104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     25530 | NS      | $416139.00    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| 1st Source Corporation                      | 1ST SOURCE CORP                               | CUSIP: 336901103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6429 | NS      | $414156.18    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Neogenomics Inc                             | NEOGENOMICS INC                               | CUSIP: 64049M209<br>LEI: 549300KN62PPGHBVXB46 | Long             | EC               | CORP              | US        |     54543 | NS      | $478887.54    | 0.22%             |  |  |  | No            | 1                  | On Loan: No      |
| Byline Bancorp Inc                          | BYLINE BANCORP I                              | CUSIP: 124411109<br>LEI: 549300W7ODP4YL2H4823 | Long             | EC               | CORP              | US        |     14925 | NS      | $431481.75    | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| NETSCOUT Systems Inc.                       | NETSCOUT SYSTEMS                              | CUSIP: 64115T104<br>LEI: 5493005HZXZ3SPNVCV76 | Long             | EC               | CORP              | US        |     16118 | NS      | $401177.02    | 0.18%             |  |  |  | No            | 1                  | On Loan: No      |
| Sonic Automotive, Inc.                      | SONIC AUTOMOTI-A                              | CUSIP: 83545G102<br>LEI: 549300NTLRGJ2JCBZU03 | Long             | EC               | CORP              | US        |      5023 | NS      | $412840.37    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Agco Corporation                            | AGCO CORP                                     | CUSIP: 001084102<br>LEI: LYOM0B2GCF1JWXK5ZG04 | Long             | EC               | CORP              | US        |      3895 | NS      | $421400.05    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Photronics Inc.                             | PHOTRONICS INC                                | CUSIP: 719405102<br>LEI: 549300OK5JVNIBNY6F63 | Long             | EC               | CORP              | US        |     21304 | NS      | $482961.68    | 0.22%             |  |  |  | No            | 1                  | On Loan: No      |
| ESCO Technologies Inc.                      | ESCO TECH INC                                 | CUSIP: 296315104<br>LEI: 5493007JJLP5MEWVDH10 | Long             | EC               | CORP              | US        |      2089 | NS      | $419700.99    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Precigen Inc                                | PRECIGEN INC                                  | CUSIP: 74017N105<br>LEI: 549300XCWNQU35K64G19 | Long             | EC               | CORP              | US        |    283247 | NS      | $1277443.97   | 0.58%             |  |  |  | No            | 1                  | On Loan: No      |
| PTC Therapeutics, Inc.                      | PTC THERAPEUTICS                              | CUSIP: 69366J200<br>LEI: 549300UJLWOIWFDGB318 | Long             | EC               | CORP              | US        |      8162 | NS      | $402631.46    | 0.18%             |  |  |  | No            | 1                  | On Loan: No      |
| Post Holdings Inc.                          | POST HOLDINGS IN                              | CUSIP: 737446104<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | EC               | CORP              | US        |      3690 | NS      | $417523.50    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| PennyMac Mortgage Investment Trust          | PENNYMAC MORTGAG                              | CUSIP: 70931T103<br>LEI: 549300BSSOQO1ZWDUJ97 | Long             | EC               | CORP              | US        |     31168 | NS      | $383678.08    | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| Acadia Realty Trust                         | ACADIA REALTY                                 | CUSIP: 004239109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     21767 | NS      | $435557.67    | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Werner Enterprises Inc.                     | WERNER ENT                                    | CUSIP: 950755108<br>LEI: 549300P6XRGOCHHJST37 | Long             | EC               | CORP              | US        |     14625 | NS      | $421931.25    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| CommScope Holding Co Inc.                   | COMMSCOPE HOLDIN                              | CUSIP: 20337X109<br>LEI: 254900AW4CEPCQWSRI58 | Long             | EC               | CORP              | US        |     47489 | NS      | $761723.56    | 0.35%             |  |  |  | No            | 1                  | On Loan: No      |
| BioCryst Pharmaceuticals  Inc.              | BIOCRYST PHARM                                | CUSIP: 09058V103<br>LEI: 549300Z0INP1Z5NP6J59 | Long             | EC               | CORP              | US        |     44400 | NS      | $368964.00    | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| TTM Technologies Inc                        | TTM TECHNOLOGIES                              | CUSIP: 87305R109<br>LEI: 549300SC4BDOIS008048 | Long             | EC               | CORP              | US        |      9755 | NS      | $434780.35    | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                                         | FIDELITY COLCHESTER STR TR MONEY MKT GOV PORT | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | US        |         0 | NS      | $0.00         | 0.00%             |  |  |  | No            | N/A                | On Loan: No      |
| Spartannash Co.                             | SPARTANNASH CO                                | CUSIP: 847215100<br>LEI: 549300TV3QCCSQLF5X16 | Long             | EC               | CORP              | US        |     15134 | NS      | $405591.20    | 0.18%             |  |  |  | No            | 1                  | On Loan: No      |
| Q2 Holdings Inc                             | Q2 HOLDINGS INC                               | CUSIP: 74736L109<br>LEI: 549300M9RKR9DZXWS696 | Long             | EC               | CORP              | US        |      4308 | NS      | $339168.84    | 0.15%             |  |  |  | No            | 1                  | On Loan: No      |
| Cabot Corporation                           | CABOT CORP                                    | CUSIP: 127055101<br>LEI: K05C0SER542GQ6VLRO68 | Long             | EC               | CORP              | US        |      5287 | NS      | $431207.72    | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Ryder System, Inc.                          | RYDER SYSTEM INC                              | CUSIP: 783549108<br>LEI: ZXJ6Y2OSPZXIVGRILD15 | Long             | EC               | CORP              | US        |      2513 | NS      | $471237.76    | 0.21%             |  |  |  | No            | 1                  | On Loan: No      |
| Hawkins Inc                                 | HAWKINS INC                                   | CUSIP: 420261109<br>LEI: 549300VL3IJ23OWX1Y34 | Long             | EC               | CORP              | US        |      2799 | NS      | $468356.67    | 0.21%             |  |  |  | No            | 1                  | On Loan: No      |
| Corvel Corp                                 | CORVEL CORP                                   | CUSIP: 221006109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3893 | NS      | $346671.65    | 0.16%             |  |  |  | No            | 1                  | On Loan: No      |
| TFS Financial Corp                          | TFS FINANCIAL CO                              | CUSIP: 87240R107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     30882 | NS      | $434200.92    | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Forward Air Corp.                           | FORWARD AIR CORP                              | CUSIP: 34986A104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16400 | NS      | $492492.00    | 0.22%             |  |  |  | No            | 1                  | On Loan: No      |
| Digi International Inc.                     | DIGI INTL INC                                 | CUSIP: 253798102<br>LEI: 529900KG656HGROI4N27 | Long             | EC               | CORP              | US        |     11463 | NS      | $397995.36    | 0.18%             |  |  |  | No            | 1                  | On Loan: No      |
| Rayonier Inc                                | RAYONIER INC                                  | CUSIP: 754907103<br>LEI: HGV8VDVNL0W6SF2U9C50 | Long             | EC               | CORP              | US        |     18215 | NS      | $478690.20    | 0.22%             |  |  |  | No            | 1                  | On Loan: No      |
| KBR Inc                                     | KBR INC                                       | CUSIP: 48242W106<br>LEI: 254900OFQDXZRKRCV808 | Long             | EC               | CORP              | US        |      8340 | NS      | $420836.40    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| 89bio Inc.                                  | 89BIO INC                                     | CUSIP: 282559103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     40398 | NS      | $364793.94    | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| Chart Industries Inc                        | CHART INDUSTRIES                              | CUSIP: 16115Q308<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | EC               | CORP              | US        |      2451 | NS      | $488631.36    | 0.22%             |  |  |  | No            | 1                  | On Loan: No      |
| La-Z-Boy Inc                                | LA-Z-BOY INC                                  | CUSIP: 505336107<br>LEI: 549300WNO1WMN9ZG2519 | Long             | EC               | CORP              | US        |     10754 | NS      | $397575.38    | 0.18%             |  |  |  | No            | 1                  | On Loan: No      |
| Nathans Famous Inc                          | NATHANS FAMOUS                                | CUSIP: 632347100<br>LEI: 54930034SKNSF1JIE673 | Long             | EC               | CORP              | US        |      3626 | NS      | $379642.20    | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| SLR Investment Corp.                        | SLR INVESTMENT C                              | CUSIP: 83413U100<br>LEI: BJOT6DX9ML6BR3Z0O636 | Long             | EC               | RF                | US        |     24730 | NS      | $411012.60    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Blackbaud Inc                               | BLACKBAUD INC                                 | CUSIP: 09227Q100<br>LEI: 54930056X3HKFMNG3754 | Long             | EC               | CORP              | US        |      6278 | NS      | $418805.38    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Tronox Holdings PLC                         | TRONOX HOLDING                                | CUSIP: G9087Q102<br>LEI: 549300NRVC84SGJSXV06 | Long             | EC               | CORP              | GB        |     80138 | NS      | $342990.64    | 0.16%             |  |  |  | No            | 1                  | On Loan: No      |
| SM Energy Co.                               | SM ENERGY CO                                  | CUSIP: 78454L100<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | EC               | CORP              | US        |     16241 | NS      | $463680.55    | 0.21%             |  |  |  | No            | 1                  | On Loan: No      |
| Cohen & Steers Inc                          | COHEN & STEERS                                | CUSIP: 19247A100<br>LEI: 549300XXIA338A0X2K65 | Long             | EC               | CORP              | US        |      5336 | NS      | $394116.96    | 0.18%             |  |  |  | No            | 1                  | On Loan: No      |
| McGrath RentCorp.                           | MCGRATH RENTCORP                              | CUSIP: 580589109<br>LEI: 254900EUH6IPWFQ83445 | Long             | EC               | CORP              | US        |      3460 | NS      | $420355.40    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Ingevity Corporation                        | INGEVITY CORP                                 | CUSIP: 45688C107<br>LEI: 5493009UTFC4B5IMGF87 | Long             | EC               | CORP              | US        |      9278 | NS      | $541649.64    | 0.25%             |  |  |  | No            | 1                  | On Loan: No      |
| Adma Biologics Inc                          | ADMA BIOLOGICS I                              | CUSIP: 000899104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     21767 | NS      | $375698.42    | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| Kimball Electronics Inc.                    | KIMBALL ELECTRON                              | CUSIP: 49428J109<br>LEI: 549300COBYN2GZCBIU87 | Long             | EC               | CORP              | US        |     20845 | NS      | $601795.15    | 0.27%             |  |  |  | No            | 1                  | On Loan: No      |
| Minerals Technologies Inc.                  | MINERALS TECH                                 | CUSIP: 603158106<br>LEI: 549300D3I1QU67GP6403 | Long             | EC               | CORP              | US        |      7228 | NS      | $473072.60    | 0.22%             |  |  |  | No            | 1                  | On Loan: No      |
| Viking Therapeutics Inc.                    | VIKING THERAPEUT                              | CUSIP: 92686J106<br>LEI: 529900IVC72YPFA25M37 | Long             | EC               | CORP              | US        |     14789 | NS      | $400042.45    | 0.18%             |  |  |  | No            | 1                  | On Loan: No      |
| JBG SMITH Properties                        | JBG SMITH PROPER                              | CUSIP: 46590V100<br>LEI: 549300HHIW6GDQCPEC54 | Long             | EC               | CORP              | US        |     23432 | NS      | $502382.08    | 0.23%             |  |  |  | No            | 1                  | On Loan: No      |
| WEX Inc                                     | WEX INC                                       | CUSIP: 96208T104<br>LEI: T9M5IGROL1TL1G5OV478 | Long             | EC               | CORP              | US        |      2743 | NS      | $470013.05    | 0.21%             |  |  |  | No            | 1                  | On Loan: No      |
| Myers Industries Inc.                       | MYERS INDS INC                                | CUSIP: 628464109<br>LEI: 549300I2H9XMVTCW4Q51 | Long             | EC               | CORP              | US        |     27350 | NS      | $457839.00    | 0.21%             |  |  |  | No            | 1                  | On Loan: No      |
| Genco Shipping & Trading Ltd.               | GENCO SHIPPING & TRADING                      | CUSIP: Y2685T131<br>LEI: 5493003MBZ5GU8QHXZ58 | Long             | EC               | CORP              | MH        |     30783 | NS      | $518385.72    | 0.24%             |  |  |  | No            | 1                  | On Loan: No      |
| AAR Corp.                                   | AAR CORP                                      | CUSIP: 000361105<br>LEI: MP76T5YQX3YK5VVAQ802 | Long             | EC               | CORP              | US        |      5776 | NS      | $437012.16    | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| OGE Energy Corporation                      | OGE ENERGY CORP                               | CUSIP: 670837103<br>LEI: CE5OG6JPOZMDSA0LAQ19 | Long             | EC               | CORP              | US        |      9100 | NS      | $406406.00    | 0.18%             |  |  |  | No            | 1                  | On Loan: No      |
| Sage Therapeutics Inc                       | SAGE THERA CVR                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | US        |     44117 | NS      | $0.00         | 0.00%             |  |  |  | Yes           | 2                  | On Loan: No      |
| Hecla Mining Company                        | HECLA MINING CO                               | CUSIP: 422704106<br>LEI: 5493009Y6HOBZD1QD537 | Long             | EC               | CORP              | US        |     67465 | NS      | $574127.15    | 0.26%             |  |  |  | No            | 1                  | On Loan: No      |
| BankUnited Inc.                             | BANKUNITED INC                                | CUSIP: 06652K103<br>LEI: 96OVUWEW5D4YX6PFXD91 | Long             | EC               | CORP              | US        |     11168 | NS      | $437673.92    | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Medical Properties Trust Inc.               | MEDICAL PROPERTI                              | CUSIP: 58463J304<br>LEI: 254900U6E39J1MQCCY14 | Long             | EC               | CORP              | US        |     93316 | NS      | $419922.00    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| ACCO Brands Corporation                     | ACCO BRANDS CORP                              | CUSIP: 00081T108<br>LEI: JCT8P4Y190IH4I1NX328 | Long             | EC               | CORP              | US        |    111210 | NS      | $447064.20    | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Mercantile Bank Corp.                       | MERCANTILE BANK                               | CUSIP: 587376104<br>LEI: P16VZZCKTJ5IONL6XE37 | Long             | EC               | CORP              | US        |      8613 | NS      | $424190.25    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Highwoods Properties, Inc.                  | HIGHWOODS PROP                                | CUSIP: 431284108<br>LEI: ZIIGTYKL9T0X3HLTDX53 | Long             | EC               | CORP              | US        |     12994 | NS      | $409700.82    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Allete Inc                                  | ALLETE INC                                    | CUSIP: 018522300<br>LEI: 549300NNLSIMY6Z8OT86 | Long             | EC               | CORP              | US        |      6273 | NS      | $402412.95    | 0.18%             |  |  |  | No            | 1                  | On Loan: No      |
| Spirit Aerosystems Holdings Inc             | SPIRIT AEROSYS-A                              | CUSIP: 848574109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10509 | NS      | $437069.31    | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Silgan Holdings Inc.                        | SILGAN HOLDINGS                               | CUSIP: 827048109<br>LEI: KAF673KJXD92C8KSLU49 | Long             | EC               | CORP              | US        |      7413 | NS      | $347817.96    | 0.16%             |  |  |  | No            | 1                  | On Loan: No      |
| Valvoline Inc                               | VALVOLINE INC                                 | CUSIP: 92047W101<br>LEI: 549300CMHPBEY6VPOT75 | Long             | EC               | CORP              | US        |     10580 | NS      | $410292.40    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Health Catalyst Inc.                        | HEALTH CATALYST                               | CUSIP: 42225T107<br>LEI: 549300223PL6GWKVJG92 | Long             | EC               | CORP              | US        |    106323 | NS      | $360434.97    | 0.16%             |  |  |  | No            | 1                  | On Loan: No      |
| CECO Environmental Corp.                    | CECO ENVIRONMNTL                              | CUSIP: 125141101<br>LEI: 5493002CZCTL4HGLIY91 | Long             | EC               | CORP              | US        |     13893 | NS      | $633381.87    | 0.29%             |  |  |  | No            | 1                  | On Loan: No      |
| Diamond Hill Investment Group Inc.          | DIAMOND HILL                                  | CUSIP: 25264R207<br>LEI: 549300AQ6779A0B7VZ57 | Long             | EC               | CORP              | US        |      2763 | NS      | $402734.88    | 0.18%             |  |  |  | No            | 1                  | On Loan: No      |
| S&T Bancorp Inc                             | S & T BANCORP                                 | CUSIP: 783859101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10517 | NS      | $415526.67    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Emerald Holding Inc.                        | EMERALD HOLDING                               | CUSIP: 29103W104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     81503 | NS      | $419740.45    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Cognex Corp                                 | COGNEX CORP                                   | CUSIP: 192422103<br>LEI: 549300JQTYZCLC43S226 | Long             | EC               | CORP              | US        |     12652 | NS      | $555928.88    | 0.25%             |  |  |  | No            | 1                  | On Loan: No      |
| Sanfilippo(John B)                          | JOHN B SANFILIPP                              | CUSIP: 800422107<br>LEI: 5299007IBEYVXKYDUX28 | Long             | EC               | CORP              | US        |      6312 | NS      | $409648.80    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| 3D Systems Corporation                      | 3D SYSTEMS CORP                               | CUSIP: 88554D205<br>LEI: 5493003HHDOCCW4OP744 | Long             | EC               | CORP              | US        |    261106 | NS      | $600543.80    | 0.27%             |  |  |  | No            | 1                  | On Loan: No      |
| Kennametal Inc                              | KENNAMETAL INC                                | CUSIP: 489170100<br>LEI: 549300GZDSG25XUV0Y08 | Long             | EC               | CORP              | US        |     17429 | NS      | $373503.47    | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| Columbus McKinnon Corp.                     | COLUMBUS MCKI/NY                              | CUSIP: 199333105<br>LEI: 549300W3HQB0HO1F3G69 | Long             | EC               | CORP              | US        |     26234 | NS      | $392985.32    | 0.18%             |  |  |  | No            | 1                  | On Loan: No      |
| Oceaneering International, Inc.             | OCEANEERING INTL                              | CUSIP: 675232102<br>LEI: 549300L6PH74701W0R30 | Long             | EC               | CORP              | US        |     19253 | NS      | $469773.20    | 0.21%             |  |  |  | No            | 1                  | On Loan: No      |
| Embecta Corp.                               | EMBECTA CORP                                  | CUSIP: 29082K105<br>LEI: 549300RPG8GXVDHNXZ62 | Long             | EC               | CORP              | US        |     41872 | NS      | $606306.56    | 0.28%             |  |  |  | No            | 1                  | On Loan: No      |
| Knowles Corporation                         | KNOWLES CORP                                  | CUSIP: 49926D109<br>LEI: 5493003EO323TDZQU148 | Long             | EC               | CORP              | US        |     22725 | NS      | $485178.75    | 0.22%             |  |  |  | No            | 1                  | On Loan: No      |
| Healthequity Inc                            | HEALTHEQUITY INC                              | CUSIP: 42226A107<br>LEI: 529900LRJU1RAFQHM467 | Long             | EC               | CORP              | US        |      3811 | NS      | $340436.63    | 0.15%             |  |  |  | No            | 1                  | On Loan: No      |
| ViaSat, Inc.                                | VIASAT INC                                    | CUSIP: 92552V100<br>LEI: UFC8NYMNFSYIHNSM2I38 | Long             | EC               | CORP              | US        |     27582 | NS      | $891726.06    | 0.41%             |  |  |  | No            | 1                  | On Loan: No      |
| LGI Homes Inc                               | LGI HOMES INC                                 | CUSIP: 50187T106<br>LEI: 549300W02B4WNV8CV109 | Long             | EC               | CORP              | US        |      7747 | NS      | $479616.77    | 0.22%             |  |  |  | No            | 1                  | On Loan: No      |
| Tennant Co                                  | TENNANT CO                                    | CUSIP: 880345103<br>LEI: JYAIRLT8DVP6DP8UT336 | Long             | EC               | CORP              | US        |      5166 | NS      | $423818.64    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Alarm.com Holdings Inc.                     | ALARM.COM HOLDIN                              | CUSIP: 011642105<br>LEI: 549300HIH92U1EKIHZ32 | Long             | EC               | CORP              | US        |      7103 | NS      | $416448.89    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Installed Building Products Inc             | INSTALLED BUILDI                              | CUSIP: 45780R101<br>LEI: 549300I95Y9P9YM5FI86 | Long             | EC               | CORP              | US        |      2223 | NS      | $582025.86    | 0.26%             |  |  |  | No            | 1                  | On Loan: No      |
| Topgolf Callaway Brands Corp                | TOPGOLF CALLAWAY                              | CUSIP: 131193104<br>LEI: 5493005UB0KFRKBPCU72 | Long             | EC               | CORP              | US        |     50095 | NS      | $478908.20    | 0.22%             |  |  |  | No            | 1                  | On Loan: No      |
| National Fuel Gas Company                   | NATL FUEL GAS CO                              | CUSIP: 636180101<br>LEI: 8JB38FFW1Y3C1HM8E841 | Long             | EC               | CORP              | US        |      4752 | NS      | $412188.48    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| MFA Financial Inc.                          | MFA FINANCIAL                                 | CUSIP: 55272X607<br>LEI: YW72IMH2RRC8Z1TGLG58 | Long             | EC               | CORP              | US        |     42592 | NS      | $434438.40    | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| DNOW Inc.                                   | DNOW INC                                      | CUSIP: 67011P100<br>LEI: 549300AVH5SOCFVVDW91 | Long             | EC               | CORP              | US        |     26105 | NS      | $417680.00    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Advantage Solutions Inc                     | ADVANTAGE SOLUTI                              | CUSIP: 00791N102<br>LEI: 549300Y4WXMN9L59RU18 | Long             | EC               | CORP              | US        |    305919 | NS      | $556772.58    | 0.25%             |  |  |  | No            | 1                  | On Loan: No      |
| Formfactor Inc                              | FORMFACTOR INC                                | CUSIP: 346375108<br>LEI: 549300YCEEO6SZD1ZR61 | Long             | EC               | CORP              | US        |     11586 | NS      | $338195.34    | 0.15%             |  |  |  | No            | 1                  | On Loan: No      |
| Digimarc Corp.                              | DIGIMARC CORP                                 | CUSIP: 25381B101<br>LEI: 254900TL728B5T0M5R41 | Long             | EC               | CORP              | US        |     30055 | NS      | $260276.30    | 0.12%             |  |  |  | No            | 1                  | On Loan: —       |
| Simmons First National Corp                 | SIMMONS FIRST -A                              | CUSIP: 828730200<br>LEI: 549300IVR5AJKUVOGN05 | Long             | EC               | CORP              | US        |     21000 | NS      | $436380.00    | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| ZIMMER BIOME-CVR                            | ZIMMER BIOME-CVR                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               |  | US        |     26350 | NS      | $0.00         | 0.00%             |  |  |  | Yes           | 2                  | On Loan: No      |
| Ares Commercial Real Estate Corporation     | ARES COMMERCIAL                               | CUSIP: 04013V108<br>LEI: 549300ZNO5IWXS443S81 | Long             | EC               | CORP              | US        |     84637 | NS      | $399486.64    | 0.18%             |  |  |  | No            | 1                  | On Loan: No      |
| Genworth Financial Inc.                     | GENWORTH FINANCI                              | CUSIP: 37247D106<br>LEI: 549300EMCG286BDNKJ33 | Long             | EC               | CORP              | US        |     51202 | NS      | $438801.14    | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Haemonetics Corp                            | HAEMONETICS CORP                              | CUSIP: 405024100<br>LEI: 549300ZEL6TXZS6F5F95 | Long             | EC               | CORP              | US        |      5371 | NS      | $292934.34    | 0.13%             |  |  |  | No            | 1                  | On Loan: No      |
| Redwood Trust Inc                           | REDWOOD TRUST                                 | CUSIP: 758075402<br>LEI: DRBV4N1ERQLEMIF11G78 | Long             | EC               | CORP              | US        |     68159 | NS      | $417133.08    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| United Bankshares Inc                       | UNITED BANKSHS                                | CUSIP: 909907107<br>LEI: 5299005O3BAMJ9Z92V62 | Long             | EC               | CORP              | US        |     10946 | NS      | $419669.64    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Materion Corp                               | MATERION CORP                                 | CUSIP: 576690101<br>LEI: 549300CJ5RI351SUYT02 | Long             | EC               | CORP              | US        |      4994 | NS      | $553335.20    | 0.25%             |  |  |  | No            | 1                  | On Loan: No      |
| The Hain Celestial Group Inc.               | HAIN CELESTIAL                                | CUSIP: 405217100<br>LEI: 5493000S8QXWHLIXDP75 | Long             | EC               | CORP              | US        |    268000 | NS      | $482400.00    | 0.22%             |  |  |  | No            | 1                  | On Loan: No      |
| Geron Corp.                                 | GERON CORP                                    | CUSIP: 374163103<br>LEI: 549300T282D7Z2YESL90 | Long             | EC               | CORP              | US        |    291323 | NS      | $407852.20    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| HUB Group Inc                               | HUB GROUP-A                                   | CUSIP: 443320106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11899 | NS      | $445260.58    | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| H B Fuller Company                          | HB FULLER CO                                  | CUSIP: 359694106<br>LEI: JSMX3Z5FOYM8V0Q52357 | Long             | EC               | CORP              | US        |      6655 | NS      | $406287.75    | 0.18%             |  |  |  | No            | 1                  | On Loan: No      |
| Kemper Corporation                          | KEMPER CORP                                   | CUSIP: 488401100<br>LEI: 549300FNI1JKTRY2PV09 | Long             | EC               | CORP              | US        |      6216 | NS      | $333488.40    | 0.15%             |  |  |  | No            | 1                  | On Loan: No      |
| Benchmark Electronics, Inc.                 | BENCHMARK ELECTR                              | CUSIP: 08160H101<br>LEI: 549300W18RHYZOZKOP53 | Long             | EC               | CORP              | US        |     10268 | NS      | $416778.12    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| First Financial Bancorp.                    | FIRST FIN BANCRP                              | CUSIP: 320209109<br>LEI: 549300D3F5B3EZMY7P77 | Long             | EC               | CORP              | US        |     16383 | NS      | $433821.84    | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Acadia Healthcare Company, Inc.             | ACADIA HEALTHCAR                              | CUSIP: 00404A109<br>LEI: 5493005CW985Y9D0NC11 | Long             | EC               | CORP              | US        |     17398 | NS      | $399458.08    | 0.18%             |  |  |  | No            | 1                  | On Loan: No      |
| UFP Technologies Inc.                       | UFP TECHNOLOGIES                              | CUSIP: 902673102<br>LEI: 549300RJ8LY41HS70C91 | Long             | EC               | CORP              | US        |      1653 | NS      | $347394.48    | 0.16%             |  |  |  | No            | 1                  | On Loan: No      |
| Arrow Electronics, Inc.                     | ARROW ELECTRONIC                              | CUSIP: 042735100<br>LEI: 549300YNNLBXT8N8R512 | Long             | EC               | CORP              | US        |      3150 | NS      | $397939.50    | 0.18%             |  |  |  | No            | 1                  | On Loan: No      |
| Community Healthcare Trust Inc.             | COMMUNITY HEALTH                              | CUSIP: 20369C106<br>LEI: 549300FATSRCMKOV9536 | Long             | EC               | CORP              | US        |     24203 | NS      | $372968.23    | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| United Parks & Resorts Inc                  | UNITED PARKS & R                              | CUSIP: 81282V100<br>LEI: 529900G0H4NV3IIK3269 | Long             | EC               | CORP              | US        |      8571 | NS      | $450663.18    | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| PAR Technology Corp.                        | PAR TECHNOLOGY                                | CUSIP: 698884103<br>LEI: 549300HYPTHBJQINVG57 | Long             | EC               | CORP              | US        |      5803 | NS      | $296997.54    | 0.14%             |  |  |  | No            | 1                  | On Loan: No      |
| Gentherm Inc                                | GENTHERM INC                                  | CUSIP: 37253A103<br>LEI: HKM6YX1U5JS60TCUB219 | Long             | EC               | CORP              | US        |     14112 | NS      | $518898.24    | 0.24%             |  |  |  | No            | 1                  | On Loan: No      |
| FB Financial Corp.                          | FB FINANCIAL COR                              | CUSIP: 30257X104<br>LEI: 5493000B2LD2C2A6C435 | Long             | EC               | CORP              | US        |      8772 | NS      | $470880.96    | 0.21%             |  |  |  | No            | 1                  | On Loan: No      |
| United Community Banks Inc.(South Carolina) | UNITED COMMUNITY                              | CUSIP: 90984P303<br>LEI: 549300GVW0FV66X3U703 | Long             | EC               | CORP              | US        |     13385 | NS      | $447059.00    | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Horace Mann Educators Corporation           | HORACE MANN EDUC                              | CUSIP: 440327104<br>LEI: 254900G5YAV3A2YK8T32 | Long             | EC               | CORP              | US        |      9314 | NS      | $428257.72    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Independence Realty Trust Inc               | INDEPENDENCE REA                              | CUSIP: 45378A106<br>LEI: 549300Z3L8NU44NQEB29 | Long             | EC               | CORP              | US        |     22753 | NS      | $412056.83    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Live Oak Bancshares Inc                     | LIVE OAK BANCSHA                              | CUSIP: 53803X105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     13387 | NS      | $517943.03    | 0.24%             |  |  |  | No            | 1                  | On Loan: No      |
| Northwest Bancshares Inc                    | NORTHWEST BANCSH                              | CUSIP: 667340103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     31210 | NS      | $394806.50    | 0.18%             |  |  |  | No            | 1                  | On Loan: No      |
| Armada Hoffler Properties Inc.              | ARMADA HOFFLER P                              | CUSIP: 04208T108<br>LEI: 549300WQRSIV6XZT9313 | Long             | EC               | CORP              | US        |     58678 | NS      | $427175.84    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Amicus Therapeutics Inc.                    | AMICUS THERAPEUT                              | CUSIP: 03152W109<br>LEI: 549300MRD1SMUTNBPQ53 | Long             | EC               | CORP              | US        |     69657 | NS      | $528696.63    | 0.24%             |  |  |  | No            | 1                  | On Loan: No      |
| Acuren Corporation                          | ACUREN CORPORATI                              | CUSIP: 00510N102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     19649 | NS      | $221444.23    | 0.10%             |  |  |  | No            | 1                  | On Loan: No      |
| Cinemark Holdings Inc.                      | CINEMARK HOLDING                              | CUSIP: 17243V102<br>LEI: 549300LL2QMPTYIE0K55 | Long             | EC               | CORP              | US        |     13312 | NS      | $343449.60    | 0.16%             |  |  |  | No            | 1                  | On Loan: No      |
| Thor Industries Inc.                        | THOR INDUSTRIES                               | CUSIP: 885160101<br>LEI: 254900XZO1228PDSG060 | Long             | EC               | CORP              | US        |      4542 | NS      | $497803.20    | 0.23%             |  |  |  | No            | 1                  | On Loan: No      |
| UMH Properties Inc                          | UMH PROPERTIES I                              | CUSIP: 903002103<br>LEI: 529900OM5K3PJ11F0Q09 | Long             | EC               | CORP              | US        |     24098 | NS      | $378097.62    | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| Fox Factory Holding Corporation             | FOX FACTORY HOLD                              | CUSIP: 35138V102<br>LEI: 529900GE1HSV0617R721 | Long             | EC               | CORP              | US        |     15490 | NS      | $448125.70    | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Quanex Building Products Corp.              | QUANEX BUILDING                               | CUSIP: 747619104<br>LEI: 5493000TL30VL5WOAW87 | Long             | EC               | CORP              | US        |     21154 | NS      | $449945.58    | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| National Health Investors, Inc.             | NATL HEALTH INV                               | CUSIP: 63633D104<br>LEI: 549300ZPKZIG6DKDEC02 | Long             | EC               | CORP              | US        |      5740 | NS      | $449384.60    | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Brunswick Corporation                       | BRUNSWICK CORP                                | CUSIP: 117043109<br>LEI: YM4O38W15AX4YLLQKU27 | Long             | EC               | CORP              | US        |      7269 | NS      | $462235.71    | 0.21%             |  |  |  | No            | 1                  | On Loan: No      |
| Douglas Emmett Inc                          | DOUGLAS EMMETT                                | CUSIP: 25960P109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     26903 | NS      | $436097.63    | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Phreesia Inc                                | PHREESIA INC                                  | CUSIP: 71944F106<br>LEI: 5493000HHF8NU4QOCG53 | Long             | EC               | CORP              | US        |     14186 | NS      | $449128.76    | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| ADTRAN Holdings Inc                         | ADTRAN HOLDINGS                               | CUSIP: 00486H105<br>LEI: 549300VV36J86CRRWF77 | Long             | EC               | CORP              | US        |     44954 | NS      | $421668.52    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Diebold Nixdorf Incorporated                | DIEBOLD NIXDORF                               | CUSIP: 253651202<br>LEI: 549300XZK6EWDBAZSY16 | Long             | EC               | CORP              | US        |      7226 | NS      | $441580.86    | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Universal Technical Institute, Inc.         | UNIVERSAL TECHNI                              | CUSIP: 913915104<br>LEI: 2549003YOJGAZ0PVFV48 | Long             | EC               | CORP              | US        |     11744 | NS      | $312272.96    | 0.14%             |  |  |  | No            | 1                  | On Loan: No      |
| First Interstate Bancsystem Inc.            | FIRST INTER/MT-A                              | CUSIP: 32055Y201<br>LEI: 549300WRWYTYX0RCNJ43 | Long             | EC               | CORP              | US        |     13851 | NS      | $453204.72    | 0.21%             |  |  |  | No            | 1                  | On Loan: No      |
| Belden Inc.                                 | BELDEN INC                                    | CUSIP: 077454106<br>LEI: 68BKYO1JC791TTJHUE82 | Long             | EC               | CORP              | US        |      3470 | NS      | $451794.00    | 0.21%             |  |  |  | No            | 1                  | On Loan: No      |
| Hawaiian Electric Industries, Inc.          | HAWAIIAN ELEC                                 | CUSIP: 419870100<br>LEI: JJ8FWOCWCV22X7GUPJ23 | Long             | EC               | CORP              | US        |     37950 | NS      | $491832.00    | 0.22%             |  |  |  | No            | 1                  | On Loan: No      |
| Matthews International Corp                 | MATTHEWS INTL-A                               | CUSIP: 577128101<br>LEI: 549300ZVC5O0ATML6U61 | Long             | EC               | CORP              | US        |     16896 | NS      | $415134.72    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Aris Water Solutions Inc                    | ARIS WATER SOL-A                              | CUSIP: 04041L106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     17004 | NS      | $412687.08    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Blue Bird Corp.                             | BLUE BIRD CORP                                | CUSIP: 095306106<br>LEI: 5493004ZXJUUWQ65ER59 | Long             | EC               | CORP              | US        |      9232 | NS      | $539056.48    | 0.25%             |  |  |  | No            | 1                  | On Loan: No      |
| Reservoir Media Inc.                        | RESERVOIR MEDIA                               | CUSIP: 76119X105<br>LEI: 549300PHPDQ9M9QSNU18 | Long             | EC               | CORP              | US        |     52999 | NS      | $417632.12    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| PubMatic Inc.                               | PUBMATIC INC-A                                | CUSIP: 74467Q103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     31873 | NS      | $276338.91    | 0.13%             |  |  |  | No            | 1                  | On Loan: No      |
| First Merchants Corporation                 | FIRST MERCHANTS                               | CUSIP: 320817109<br>LEI: TZTBT0OTGQ2FEK6XMX94 | Long             | EC               | CORP              | US        |     10392 | NS      | $431475.84    | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Diodes Incorporated                         | DIODES INC                                    | CUSIP: 254543101<br>LEI: 549300XP2X1ARVH3BX23 | Long             | EC               | CORP              | US        |      7584 | NS      | $412835.04    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Customers Bancorp, Inc.                     | CUSTOMERS BANCOR                              | CUSIP: 23204G100<br>LEI: 549300WLBCHYKZ53FN68 | Long             | EC               | CORP              | US        |      6740 | NS      | $483190.60    | 0.22%             |  |  |  | No            | 1                  | On Loan: No      |
| Metrocity Bankshares Inc.                   | METROCITY BANKSH                              | CUSIP: 59165J105<br>LEI: 549300TC6QB7YG0P6F52 | Long             | EC               | CORP              | US        |     14029 | NS      | $420028.26    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Alerus Financial Corp.                      | ALERUS FINANCIAL                              | CUSIP: 01446U103<br>LEI: 5493008BXLBPPELQ3G57 | Long             | EC               | CORP              | US        |     18365 | NS      | $408988.55    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Fluence Energy Inc                          | FLUENCE ENERGY I                              | CUSIP: 34379V103<br>LEI: 25490043LHZ97BT5PP29 | Long             | EC               | CORP              | US        |     58467 | NS      | $432655.80    | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Trimas Corporation                          | TRIMAS CORP                                   | CUSIP: 896215209<br>LEI: 75G1WUQ8QK4P5MZOYD78 | Long             | EC               | CORP              | US        |     14058 | NS      | $543622.86    | 0.25%             |  |  |  | No            | 1                  | On Loan: No      |
| Aehr Test Systems Inc.                      | AEHR TEST SYSTEM                              | CUSIP: 00760J108<br>LEI: 529900A4GWWZFRU2RE97 | Long             | EC               | CORP              | US        |     30428 | NS      | $759178.60    | 0.35%             |  |  |  | No            | 1                  | On Loan: No      |
| Codexis Inc                                 | CODEXIS INC                                   | CUSIP: 192005106<br>LEI: 549300KGLM6CDPTVSE20 | Long             | EC               | CORP              | US        |    167280 | NS      | $456674.40    | 0.21%             |  |  |  | No            | 1                  | On Loan: No      |
| Exelixis, Inc.                              | EXELIXIS INC                                  | CUSIP: 30161Q104<br>LEI: 254900PJQB59O2O95R37 | Long             | EC               | CORP              | US        |      9117 | NS      | $341158.14    | 0.16%             |  |  |  | No            | 1                  | On Loan: No      |
| Allegiant Travel Company                    | ALLEGIANT TRAVEL                              | CUSIP: 01748X102<br>LEI: 549300JM9OZXOHWL2K18 | Long             | EC               | CORP              | US        |      7289 | NS      | $456728.74    | 0.21%             |  |  |  | No            | 1                  | On Loan: No      |
| Surmodics Inc                               | SURMODICS INC                                 | CUSIP: 868873100<br>LEI: 549300H76KXCAAGUS878 | Long             | EC               | CORP              | US        |     13495 | NS      | $459369.80    | 0.21%             |  |  |  | No            | 1                  | On Loan: No      |
| Ollies Bargain Outlet Holdings Inc.         | OLLIE'S BARGAIN                               | CUSIP: 681116109<br>LEI: 529900YO5DSQCPEFDZ05 | Long             | EC               | CORP              | US        |      3081 | NS      | $390794.04    | 0.18%             |  |  |  | No            | 1                  | On Loan: No      |
| Eplus Inc                                   | EPLUS INC                                     | CUSIP: 294268107<br>LEI: 529900FFY8AAFJ21NE91 | Long             | EC               | CORP              | US        |      5547 | NS      | $401436.39    | 0.18%             |  |  |  | No            | 1                  | On Loan: No      |
| Sleep Number Corporation                    | SLEEP NUMBER COR                              | CUSIP: 83125X103<br>LEI: 529900W0TZQLBT2DSS66 | Long             | EC               | CORP              | US        |     59467 | NS      | $626187.51    | 0.28%             |  |  |  | No            | 1                  | On Loan: No      |
| JELD-WEN Holding Inc.                       | JELD-WEN HOLDING                              | CUSIP: 47580P103<br>LEI: 529900AXX7CT9GZSCS30 | Long             | EC               | CORP              | US        |    103020 | NS      | $658297.80    | 0.30%             |  |  |  | No            | 1                  | On Loan: No      |
| Agios Pharmaceuticals Inc                   | AGIOS PHARMACEUT                              | CUSIP: 00847X104<br>LEI: 529900ONJHY8EOGYT555 | Long             | EC               | CORP              | US        |     12049 | NS      | $454367.79    | 0.21%             |  |  |  | No            | 1                  | On Loan: No      |
| Zions Bancorporation Natl Assn Global Bank  | ZIONS BANCORP NA                              | CUSIP: 989701107<br>LEI: 8WH0EE09O9V05QJZ3V89 | Long             | EC               | CORP              | US        |      7677 | NS      | $445342.77    | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Dana Inc.                                   | DANA INC                                      | CUSIP: 235825205<br>LEI: KVWHW7YLZPFJM8QYNJ51 | Long             | EC               | CORP              | US        |     23286 | NS      | $469445.76    | 0.21%             |  |  |  | No            | 1                  | On Loan: No      |
| Peoples Bancorp Inc. (Ohio)                 | PEOPLES BANC INC                              | CUSIP: 709789101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     13049 | NS      | $403736.06    | 0.18%             |  |  |  | No            | 1                  | On Loan: No      |
| Valley National Bancorp.                    | VALLEY NATL BANC                              | CUSIP: 919794107<br>LEI: 549300ET52S1UBIB9762 | Long             | EC               | CORP              | US        |     44716 | NS      | $467729.36    | 0.21%             |  |  |  | No            | 1                  | On Loan: No      |
| RLI Corp                                    | RLI CORP                                      | CUSIP: 749607107<br>LEI: 529900AMTJE5ECN9PS55 | Long             | EC               | CORP              | US        |      5550 | NS      | $375901.50    | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| Rush Enterprises Inc.                       | RUSH ENTER-CL A                               | CUSIP: 781846209<br>LEI: 529900V3XHTN7A6DFT17 | Long             | EC               | CORP              | US        |      7805 | NS      | $448007.00    | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Tandem Diabetes Care Inc                    | TANDEM DIABETES                               | CUSIP: 875372203<br>LEI: 549300JEPFOD0K4D3I05 | Long             | EC               | CORP              | US        |     21416 | NS      | $267914.16    | 0.12%             |  |  |  | No            | 1                  | On Loan: No      |
| TaskUs Inc                                  | TASKUS INC-A                                  | CUSIP: 87652V109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     23861 | NS      | $418044.72    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Compass Minerals International Inc.         | COMPASS MINERALS                              | CUSIP: 20451N101<br>LEI: 2549008X9G8XP7YJGC47 | Long             | EC               | CORP              | US        |     19866 | NS      | $378447.30    | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| Telephone and Data Systems Inc.             | TELEPHONE & DATA                              | CUSIP: 879433829<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11337 | NS      | $454500.33    | 0.21%             |  |  |  | No            | 1                  | On Loan: No      |
| United Natural Foods, Inc.                  | UNITED NATURAL                                | CUSIP: 911163103<br>LEI: 549300GKGW6WPZ282D40 | Long             | EC               | CORP              | US        |     17310 | NS      | $489526.80    | 0.22%             |  |  |  | No            | 1                  | On Loan: No      |
| Harmonic Inc                                | HARMONIC INC                                  | CUSIP: 413160102<br>LEI: 549300LRGRD8XC9BTL66 | Long             | EC               | CORP              | US        |     42002 | NS      | $404059.24    | 0.18%             |  |  |  | No            | 1                  | On Loan: No      |
| Four Corners Property Trust Inc.            | FOUR CORNERS PRO                              | CUSIP: 35086T109<br>LEI: 549300SVTPZPBDVNER42 | Long             | EC               | CORP              | US        |     15009 | NS      | $388583.01    | 0.18%             |  |  |  | No            | 1                  | On Loan: No      |
| ICF International Inc                       | ICF INTERNATIONA                              | CUSIP: 44925C103<br>LEI: 5493003KYFDDC5B3WY64 | Long             | EC               | CORP              | US        |      4700 | NS      | $461634.00    | 0.21%             |  |  |  | No            | 1                  | On Loan: No      |
| Interface, Inc.                             | INTERFACE INC                                 | CUSIP: 458665304<br>LEI: 549300VXZWQOIDFPU355 | Long             | EC               | CORP              | US        |     19046 | NS      | $508909.12    | 0.23%             |  |  |  | No            | 1                  | On Loan: No      |
| Arcutis Biotherapeutics Inc.                | ARCUTIS BIOTHERAPEUTICS I                     | CUSIP: 03969K108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     28930 | NS      | $448993.60    | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Aeva Technologies Inc                       | AEVA TECHNOLOGIE                              | CUSIP: 00835Q202<br>LEI: 529900EOW3TB2FR95A21 | Long             | EC               | CORP              | US        |     10504 | NS      | $155511.72    | 0.07%             |  |  |  | No            | 1                  | On Loan: No      |
| Radnet Inc                                  | RADNET INC                                    | CUSIP: 750491102<br>LEI: 529900RECG94V2IZJ970 | Long             | EC               | CORP              | US        |      6904 | NS      | $495431.04    | 0.23%             |  |  |  | No            | 1                  | On Loan: No      |
| Unitil Corp                                 | UNITIL CORP                                   | CUSIP: 913259107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7770 | NS      | $364879.20    | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| Innospec Inc                                | INNOSPEC INC                                  | CUSIP: 45768S105<br>LEI: 213800SQBACNY5IWJO68 | Long             | EC               | CORP              | US        |      4746 | NS      | $415702.14    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Black Hills Corporation                     | BLACK HILLS CORP                              | CUSIP: 092113109<br>LEI: 3MGELCRSTNSAMJ962671 | Long             | EC               | CORP              | US        |      7186 | NS      | $429794.66    | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| The York Water Co.                          | YORK WATER CO                                 | CUSIP: 987184108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     12738 | NS      | $395769.66    | 0.18%             |  |  |  | No            | 1                  | On Loan: No      |
| Qualys Inc                                  | QUALYS INC                                    | CUSIP: 74758T303<br>LEI: 549300EMBXYOW9W1XA17 | Long             | EC               | CORP              | US        |      2808 | NS      | $381354.48    | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| Kadant Inc                                  | KADANT INC                                    | CUSIP: 48282T104<br>LEI: 549300K06LNJYBMPYP15 | Long             | EC               | CORP              | US        |      1280 | NS      | $413798.40    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Ethan Allen Interiors Inc.                  | ETHAN ALLEN                                   | CUSIP: 297602104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     14374 | NS      | $424176.74    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Veris Residential Inc                       | VERIS RESIDENTIA                              | CUSIP: 554489104<br>LEI: 254900KTVBRYJCQU2J23 | Long             | EC               | CORP              | US        |     27116 | NS      | $426534.68    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Lakeland Financial Corp.                    | LAKELAND FINL                                 | CUSIP: 511656100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6502 | NS      | $445061.90    | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Xencor Inc                                  | XENCOR INC                                    | CUSIP: 98401F105<br>LEI: 549300V5IF65437JKG30 | Long             | EC               | CORP              | US        |     50465 | NS      | $410280.45    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| MGE Energy Inc.                             | MGE ENERGY INC                                | CUSIP: 55277P104<br>LEI: 549300BYWGHSXX2TEO67 | Long             | EC               | CORP              | US        |      4572 | NS      | $389305.80    | 0.18%             |  |  |  | No            | 1                  | On Loan: No      |
| Pulse Biosciences Inc.                      | PULSE BIOSCIENCE                              | CUSIP: 74587B101<br>LEI: 529900NJUBI06118FM73 | Long             | EC               | CORP              | US        |     26596 | NS      | $413301.84    | 0.19%             |  |  |  | No            | 1                  | On Loan: —       |
| The Timken Company                          | TIMKEN CO                                     | CUSIP: 887389104<br>LEI: B0I35MLPFXZSE70ASS73 | Long             | EC               | CORP              | US        |      5511 | NS      | $425614.53    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Agilon Health Inc                           | AGILON HEALTH IN                              | CUSIP: 00857U107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    171376 | NS      | $219361.28    | 0.10%             |  |  |  | No            | 1                  | On Loan: No      |
| OPENLANE Inc                                | OPENLANE INC                                  | CUSIP: 48238T109<br>LEI: 5493004HKD20LBSG7D03 | Long             | EC               | CORP              | US        |     16465 | NS      | $476167.80    | 0.22%             |  |  |  | No            | 1                  | On Loan: No      |
| Surgery Partners Inc                        | SURGERY PARTNERS                              | CUSIP: 86881A100<br>LEI: 549300LC82HG33S19I03 | Long             | EC               | CORP              | US        |     18047 | NS      | $409486.43    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Mercury General Corporation                 | MERCURY GEN CORP                              | CUSIP: 589400100<br>LEI: 5493001Q9EXPCEL4W527 | Long             | EC               | CORP              | US        |      5975 | NS      | $462046.75    | 0.21%             |  |  |  | No            | 1                  | On Loan: No      |
| Commercial Metals Company                   | COMMERCIAL METAL                              | CUSIP: 201723103<br>LEI: 549300OQS2LO07ZJ7N73 | Long             | EC               | CORP              | US        |      8166 | NS      | $470933.22    | 0.21%             |  |  |  | No            | 1                  | On Loan: No      |
| Trupanion Inc                               | TRUPANION INC                                 | CUSIP: 898202106<br>LEI: 549300J86GFKIDGMQP18 | Long             | EC               | CORP              | US        |      7223 | NS      | $334858.28    | 0.15%             |  |  |  | No            | 1                  | On Loan: No      |
| Penguin Solutions Inc                       | PENGUIN SOLUTION                              | CUSIP: 706915105<br>LEI: 529900RDGHQY8XKXPN14 | Long             | EC               | CORP              | US        |     20104 | NS      | $485109.52    | 0.22%             |  |  |  | No            | 1                  | On Loan: No      |
| KB Home                                     | KB HOME                                       | CUSIP: 48666K109<br>LEI: 549300LGUCWQURMWLG09 | Long             | EC               | CORP              | US        |      7531 | NS      | $478595.05    | 0.22%             |  |  |  | No            | 1                  | On Loan: No      |
| Hercules Capital Inc                        | HERCULES CAPITAL                              | CUSIP: 427096508<br>LEI: 549300UJ5OC256GR2B73 | Long             | EC               | RF                | US        |     21973 | NS      | $428912.96    | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| UMB Financial Corp.                         | UMB FINANCIAL                                 | CUSIP: 902788108<br>LEI: 549300MGEH3N3CUCV828 | Long             | EC               | CORP              | US        |      3800 | NS      | $463220.00    | 0.21%             |  |  |  | No            | 1                  | On Loan: No      |
| Visteon Corporation                         | VISTEON CORP                                  | CUSIP: 92839U206<br>LEI: 549300MOVLYHRW4GGW78 | Long             | EC               | CORP              | US        |      4323 | NS      | $535879.08    | 0.24%             |  |  |  | No            | 1                  | On Loan: No      |
| Renasant Corp.                              | RENASANT CORP                                 | CUSIP: 75970E107<br>LEI: 549300OVE6OZHW2UUH81 | Long             | EC               | CORP              | US        |     11105 | NS      | $434538.65    | 0.20%             |  |  |  | No            | 1                  | On Loan: No      |
| Laureate Education, Inc.                    | LAUREATE EDUCATI                              | CUSIP: 518613203<br>LEI: 5JL7TMOH5TY3IUYSUP91 | Long             | EC               | CORP              | US        |     17173 | NS      | $471914.04    | 0.21%             |  |  |  | No            | 1                  | On Loan: No      |
| Trex Company, Inc.                          | TREX CO INC                                   | CUSIP: 89531P105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7348 | NS      | $452857.24    | 0.21%             |  |  |  | No            | 1                  | On Loan: No      |
| Camden National Corp.                       | CAMDEN NATIONAL                               | CUSIP: 133034108<br>LEI: 549300ZVEDL2L8UW4F28 | Long             | EC               | CORP              | US        |      9896 | NS      | $404647.44    | 0.18%             |  |  |  | No            | 1                  | On Loan: No      |
| Ameresco Inc                                | AMERESCO INC-A                                | CUSIP: 02361E108<br>LEI: 529900NZXZGBCBXYY327 | Long             | EC               | CORP              | US        |     26439 | NS      | $672343.77    | 0.31%             |  |  |  | No            | 1                  | On Loan: No      |
| Herbalife Ltd.                              | HERBALIFE LTD                                 | CUSIP: G4412G101<br>LEI: 549300BA7TYPBSZZIA41 | Long             | EC               | CORP              | KY        |     46474 | NS      | $454515.72    | 0.21%             |  |  |  | No            | 1                  | On Loan: No      |
| Lindsay Corp                                | LINDSAY CORP                                  | CUSIP: 535555106<br>LEI: 549300ZFO0QG5H8TPI61 | Long             | EC               | CORP              | US        |      2785 | NS      | $382185.55    | 0.17%             |  |  |  | No            | 1                  | On Loan: No      |
| Balchem Corp                                | BALCHEM CORP                                  | CUSIP: 057665200<br>LEI: 549300VR70OPMHUI3557 | Long             | EC               | CORP              | US        |      2515 | NS      | $407656.35    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Griffon Corp                                | GRIFFON CORP                                  | CUSIP: 398433102<br>LEI: 5493000C2SGNC7ZN3242 | Long             | EC               | CORP              | US        |      5524 | NS      | $420707.84    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Addus Homecare Corp                         | ADDUS HOMECARE                                | CUSIP: 006739106<br>LEI: 52990090ZT33AKPDBX62 | Long             | EC               | CORP              | US        |      3462 | NS      | $398718.54    | 0.18%             |  |  |  | No            | 1                  | On Loan: No      |
| Merchants Bancorp. (Indiana)                | MERCHANTS BANCOR                              | CUSIP: 58844R108<br>LEI: 54930008Y0GPVLF81889 | Long             | EC               | CORP              | US        |     12105 | NS      | $392444.10    | 0.18%             |  |  |  | No            | 1                  | On Loan: No      |
| Commvault Systems Inc.                      | COMMVAULT SYSTEM                              | CUSIP: 204166102<br>LEI: 65T5VRP62VXG39YFML83 | Long             | EC               | CORP              | US        |      2274 | NS      | $424430.73    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |
| Trinity Industries, Inc.                    | TRINITY INDUSTRI                              | CUSIP: 896522109<br>LEI: R1JB4KXN77XFCXOQKV49 | Long             | EC               | CORP              | US        |     14767 | NS      | $419678.14    | 0.19%             |  |  |  | No            | 1                  | On Loan: No      |

### Signature

**Date Signed:** 2025-09-26

**Name of Applicant:** Northern Lights Fund Trust IV

**Signature:** Sam Singh

**Name of Signer:** Sam Singh

**Title:** Treasurer