# EDGAR Filing Document

**Accession Number:** 0001965454
**File Stem:** 0000910472-25-001811
**Filing Date:** 2025-9
**Character Count:** 53888
**Document Hash:** e0b24dfbdd50e336758c2d202a97d6fd
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-25-001811.hdr.sgml**: 20250929

**ACCESSION NUMBER**: 0000910472-25-001811

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250929

**DATE AS OF CHANGE**: 20250929

**PERIOD START**: 20260430

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Grandeur Peak Global Trust
- **CENTRAL INDEX KEY:** 0001965454

**ORGANIZATION NAME:**
- **EIN:** 922196433
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0430

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23852
- **FILM NUMBER:** 251354054

**BUSINESS ADDRESS:**
- **STREET 1:** 225 PICTORIA DR.
- **STREET 2:** SUITE 450
- **CITY:** CINCINNATI
- **STATE:** OH
- **ZIP:** 45246
- **BUSINESS PHONE:** 631-470-2688

**MAIL ADDRESS:**
- **STREET 1:** 225 PICTORIA DR.
- **STREET 2:** SUITE 450
- **CITY:** CINCINNATI
- **STATE:** OH
- **ZIP:** 45246

## Series and Classes Contracts Data

### Grandeur Peak International Opportunities Fund (Series ID: S000080374)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000242731 | Institutional Class | GPIIX           |
| C000242732 | Investor Class      | GPIOX           |

## Nport-Ex

<u>Grandeur Peak International Opportunities Fund</u> <u>Portfolio of Investments</u> <br> July 31, 2025 (Unaudited)

---

| | | |
|:---|:---|:---|
| | **Shares** | **Fair Value** |
| **COMMON STOCKS — 99.65%** | **COMMON STOCKS — 99.65%** | **COMMON STOCKS — 99.65%** |
| **Australia — 2.76%** | **Australia — 2.76%** | **Australia — 2.76%** |
| IPD Group Ltd/Australia<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;446884 | $1013753 |
| MA Financial Group Ltd | &nbsp;&nbsp;&nbsp;442352 | 2322483 |
| Pinnacle Investment Management Group | &nbsp;&nbsp;&nbsp;221031 | 3178892 |
| Qualitas Ltd<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp;456469 | 1056030 |
|  |  | 7571158 |
| **Belgium — 2.26%** | **Belgium — 2.26%** | **Belgium — 2.26%** |
| Melexis NV | &nbsp;&nbsp;&nbsp;55317 | 4263413 |
| X-Fab Silicon Foundries S.E. 144A<sup>(a)(c)</sup> | &nbsp;&nbsp;&nbsp;265552 | 1939033 |
|  |  | 6202446 |
| **Brazil — 1.29%** | **Brazil — 1.29%** | **Brazil — 1.29%** |
| Grupo Mateus SA<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;1283700 | 1671162 |
| Patria Investments Limited<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;134457 | 1875675 |
|  |  | 3546837 |
| **Canada — 2.20%** | **Canada — 2.20%** | **Canada — 2.20%** |
| Aritzia Inc<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;48501 | 2603218 |
| Descartes Systems Group, Inc. (The)<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;19900 | 2102455 |
| Richelieu Hardware, Ltd.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;53036 | 1327048 |
|  |  | 6032721 |
| **China — 5.03%** | **China — 5.03%** | **China — 5.03%** |
| Centre Testing Int | &nbsp;&nbsp;&nbsp;1598400 | 2701665 |
| DPC Dash LTD. 144A<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp;181000 | 1959878 |
| Proya Cosmetics Co Ltd | &nbsp;&nbsp;&nbsp;156760 | 1785055 |
| Silergy Corp | &nbsp;&nbsp;&nbsp;677996 | 7364103 |
|  |  | 13810701 |
| **France — 3.36%** | **France — 3.36%** | **France — 3.36%** |
| Neurones SA | &nbsp;&nbsp;&nbsp;21422 | 1057892 |
| Planisware SAS<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;74147 | 1803301 |
| Thermador Groupe | &nbsp;&nbsp;&nbsp;12251 | 1144247 |
| Virbac S.A.CA | &nbsp;&nbsp;&nbsp;13145 | 5215674 |
|  |  | 9221114 |
| **Germany — 5.76%** | **Germany — 5.76%** | **Germany — 5.76%** |
| 2G Energy AG<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;48438 | 2013180 |
| Atoss Software AG | &nbsp;&nbsp;&nbsp;23621 | 3177157 |
| Dermapharm Holding SE | &nbsp;&nbsp;&nbsp;66995 | 2562608 |
| Elmos Semiconductor AG<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;39688 | 3987833 |
| Mensch und Maschine Software S | &nbsp;&nbsp;&nbsp;43611 | 2554515 |
| Schott Pharma AG & Co | &nbsp;&nbsp;&nbsp;56337 | 1530967 |
|  |  | 15826260 |
| **India — 4.04%** | **India — 4.04%** | **India — 4.04%** |
| Five-Star Business<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;277651 | 1884376 |
| Gulf Oil Lubricants India Ltd. | &nbsp;&nbsp;&nbsp;175106 | 2419266 |
| Indigo Paints Ltd | &nbsp;&nbsp;&nbsp;162298 | 2225987 |
| Motherson Sumi Wiring India Ltd | &nbsp;&nbsp;&nbsp;3732763 | 1582824 |
| SJS Enterprises Ltd<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;213927 | 3000607 |
|  |  | 11113060 |
| **Indonesia — 1.31%** | **Indonesia — 1.31%** | **Indonesia — 1.31%** |
| Aspirasi Hidup Ind | &nbsp;&nbsp;&nbsp;45770600 | 1307017 |
| Cisarua Mountain Dairy PT TBK<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;3509700 | 1064062 |
| Selamat Sempurna Tbk PT | &nbsp;&nbsp;&nbsp;10127300 | 1221380 |
|  |  | 3592459 |
| **Ireland — 0.45%** | **Ireland — 0.45%** | **Ireland — 0.45%** |
| ICON plc<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;7245 | 1225782 |
| **Italy — 3.69%** | **Italy — 3.69%** | **Italy — 3.69%** |
| DiaSorin SpA<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;11372 | 1112789 |

---

---

| | | |
|:---|:---|:---|
| | **Shares** | **Fair Value** |
| **COMMON STOCKS — 99.65% (continued)** | **COMMON STOCKS — 99.65% (continued)** | **COMMON STOCKS — 99.65% (continued)** |
| **Italy — 3.69% (continued)** | **Italy — 3.69% (continued)** | **Italy — 3.69% (continued)** |
| Interpump Group SpA | &nbsp;&nbsp;&nbsp;124502 | $5112002 |
| Recordati SpA<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;68100 | 3918977 |
|  |  | 10143768 |
| **Japan — 20.00%** | **Japan — 20.00%** | **Japan — 20.00%** |
| AZOOM Co Ltd | &nbsp;&nbsp;&nbsp;22600 | 1270926 |
| BayCurrent Consulting, Inc. | &nbsp;&nbsp;&nbsp;59700 | 3434866 |
| Charm Care Corp KK | &nbsp;&nbsp;&nbsp;158000 | 1393557 |
| CrowdWorks Inc<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;275500 | 2064505 |
| eWeLL Co Ltd<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;65600 | 1034503 |
| Hennge KK<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;406300 | 4529294 |
| Insource Co Ltd | &nbsp;&nbsp;&nbsp;425400 | 2603845 |
| Integral Corp<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;267000 | 6188343 |
| Japan Elevator Service Holdings Company Ltd. | &nbsp;&nbsp;&nbsp;164800 | 4442564 |
| Jeol Ltd. | &nbsp;&nbsp;&nbsp;47900 | 1391315 |
| Kitz Corp<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;260100 | 2194034 |
| Kotobuki Spirits Co Ltd<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;102200 | 1377518 |
| MarkLines Company Ltd.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;238100 | 3139003 |
| Maruwa Company Ltd.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;6700 | 2041182 |
| Plus Alpha Consulting | &nbsp;&nbsp;&nbsp;130900 | 2000905 |
| Rakus Co Ltd<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;131100 | 2034391 |
| SIGMAXYZ Holdings Inc<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;304000 | 2441370 |
| Tokyo Seimitsu Company Limited | &nbsp;&nbsp;&nbsp;33300 | 2108937 |
| ULS Group Inc | &nbsp;&nbsp;&nbsp;59900 | 2903756 |
| Visional Inc<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;80900 | 6370861 |
|  |  | 54965675 |
| **Luxembourg — 1.74%** | **Luxembourg — 1.74%** | **Luxembourg — 1.74%** |
| Eurofins Scientific S.E. | &nbsp;&nbsp;&nbsp;45712 | 3513738 |
| Sword Group | &nbsp;&nbsp;&nbsp;30387 | 1261210 |
|  |  | 4774948 |
| **Mexico — 1.62%** | **Mexico — 1.62%** | **Mexico — 1.62%** |
| Regional SAB de cv<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;342900 | 2651395 |
| Corp Inmobiliaria Vesta S.A.B. de C.V. – ADR <sup>(a)</sup> | &nbsp;&nbsp;&nbsp;64778 | 1819614 |
|  |  | 4471009 |
| **Netherlands — 2.43%** | **Netherlands — 2.43%** | **Netherlands — 2.43%** |
| Allfunds Group PLC | &nbsp;&nbsp;&nbsp;394997 | 2751179 |
| Redcare Pharmacy N.V. 144A<sup>(a)(b)(c)</sup> | &nbsp;&nbsp;&nbsp;20287 | 2261961 |
| Topicus.com, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;12200 | 1672921 |
|  |  | 6686061 |
| **Norway — 0.48%** | **Norway — 0.48%** | **Norway — 0.48%** |
| Bouvet ASA | &nbsp;&nbsp;&nbsp;181033 | 1322025 |
| **Philippines — 1.13%** | **Philippines — 1.13%** | **Philippines — 1.13%** |
| Philippine Seven Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;1836800 | 1672975 |
| Puregold Price Club Inc | &nbsp;&nbsp;&nbsp;2076400 | 1427324 |
|  |  | 3100299 |
| **Poland — 1.39%** | **Poland — 1.39%** | **Poland — 1.39%** |
| Dino Polska SA 144A<sup>(a)(b)(c)</sup> | &nbsp;&nbsp;&nbsp;186670 | 2471299 |
| Inter Cars SA | &nbsp;&nbsp;&nbsp;8831 | 1350349 |
|  |  | 3821648 |
| **Singapore — 2.05%** | **Singapore — 2.05%** | **Singapore — 2.05%** |
| iFast Corporation | &nbsp;&nbsp;&nbsp;312600 | 2181300 |
| Kulicke & Soffa Industries, Inc. | &nbsp;&nbsp;&nbsp;49328 | 1615985 |
| Riverstone Holdings Ltd.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;3378700 | 1834581 |
|  |  | 5631866 |

---

<u>Grandeur Peak International Opportunities Fund</u> <u>Portfolio of Investments</u> <br> July 31, 2025 (Unaudited) (Continued)

---

| | | |
|:---|:---|:---|
| | **Shares** | **Fair Value** |
| **COMMON STOCKS — 99.65% (continued)** | **COMMON STOCKS — 99.65% (continued)** | **COMMON STOCKS — 99.65% (continued)** |
| **South Korea — 2.30%** | **South Korea — 2.30%** | **South Korea — 2.30%** |
| HPSP Company Ltd. | &nbsp;&nbsp;&nbsp;97689 | $1880817 |
| LEENO Industrial Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;39396 | 1347495 |
| S&S Tech Corp<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;52985 | 1907274 |
| SOLUM Co Ltd<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;100247 | 1188231 |
|  |  | 6323817 |
| **Sweden — 4.85%** | **Sweden — 4.85%** | **Sweden — 4.85%** |
| AddTech A.B. | &nbsp;&nbsp;&nbsp;42085 | 1418936 |
| Beijer Ref AB | &nbsp;&nbsp;&nbsp;144816 | 2432428 |
| RVRC Holding AB | &nbsp;&nbsp;&nbsp;268300 | 1221483 |
| Sdiptech AB<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;113491 | 2286598 |
| Swedencare AB<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;286619 | 1111318 |
| Swedish Logistic<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;421609 | 1707948 |
| Vimian Group AB<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;921655 | 3146998 |
|  |  | 13325709 |
| **Taiwan — 4.51%** | **Taiwan — 4.51%** | **Taiwan — 4.51%** |
| Asia Vital Components Co., Ltd. | &nbsp;&nbsp;&nbsp;33000 | 1017947 |
| ASPEED Technology, Inc. | &nbsp;&nbsp;&nbsp;13000 | 1981151 |
| Sinbon Electronics Co., Limited<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;349000 | 2845932 |
| Sporton International, Inc.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;891338 | 4781090 |
| Voltronic Power Technology Corporation<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;45000 | 1774614 |
|  |  | 12400734 |
| **United Arab Emirates — 0.58%** | **United Arab Emirates — 0.58%** | **United Arab Emirates — 0.58%** |
| Spinneys 1961 Holding PLC | &nbsp;&nbsp;&nbsp;3642802 | 1586759 |
| **United Kingdom — 22.09%** | **United Kingdom — 22.09%** | **United Kingdom — 22.09%** |
| AB Dynamics PLC | &nbsp;&nbsp;&nbsp;62272 | 1188366 |
| Advanced Medical Solutions Gro | &nbsp;&nbsp;&nbsp;802191 | 2140024 |
| Ashtead Technology Holdings plc | &nbsp;&nbsp;&nbsp;308581 | 1369298 |
| B & M European Value Retail SA | &nbsp;&nbsp;&nbsp;1424092 | 4220368 |
| CVS Group plc | &nbsp;&nbsp;&nbsp;258474 | 4191839 |
| Diploma plc | &nbsp;&nbsp;&nbsp;118547 | 8422912 |
| Elixirr International PLC | &nbsp;&nbsp;&nbsp;145575 | 1422682 |
| FRP Advisory Group PLC | &nbsp;&nbsp;&nbsp;832197 | 1406778 |
| Hill & Smith Holdings plc | &nbsp;&nbsp;&nbsp;104530 | 2823083 |
| ICG plc | &nbsp;&nbsp;&nbsp;65298 | 1878223 |
| JTC plc 144A<sup>(b)(c)</sup> | &nbsp;&nbsp;&nbsp;722678 | 8961893 |
| Marex Group PLC<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;73747 | 2845159 |
| Petershill Partners PLC 144A<sup>(a)(b)(c)</sup> | &nbsp;&nbsp;&nbsp;837308 | 2598618 |
| Pollen Street Group Ltd | &nbsp;&nbsp;&nbsp;94271 | 1050776 |
| Renew Holdings PLC<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;209958 | 2337488 |
| Softcat PLC<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;119192 | 2570530 |
| Tatton Asset Mgmt | &nbsp;&nbsp;&nbsp;289542 | 2791411 |
| Volution Group PLC | &nbsp;&nbsp;&nbsp;960521 | 8499062 |
|  |  | 60718510 |
| **United States — 0.73%** | **United States — 0.73%** | **United States — 0.73%** |
| JFrog Ltd.<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;45953 | 1994820 |
| **Vietnam — 1.60%** | **Vietnam — 1.60%** | **Vietnam — 1.60%** |
| Asia Commercial Bank JSC | &nbsp;&nbsp;&nbsp;3049107 | 2676493 |
| Vietnam Technological & Comm Joint-stock Bank<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;1335046 | 1732370 |
|  |  | 4408863 |
| *Total Common Stocks (Cost $208,587,319)* |  | 273819049 |

---

---

| | |
|:---|:---|
| **Shares** | **Fair Value** |
| *Total Common Stocks/ Investments — 99.65%* |  |
| *(Cost $208,587,319)* | $273819049 |
| *Other Assets in Excess of Liabilities — 0.35%* | 962600 |
| *NET ASSETS — 100.00%* | $274781649 |

---

<sup>(a)</sup> Non-income producing security.

<sup>(b)</sup> Security was purchased pursuant to Regulation S under the Securities Act of 1933, which exempts securities offered and sold outside of the United States from registration. Such security cannot be sold in the United States without either an effective registration statement filed pursuant to the Securities Act of 1933, or pursuant to an exemption from registration. As of July 31, 2025, these securities had a total aggregate market value of $21,248,712, representing 7.73% of net assets.

<sup>(c)</sup> Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in the ordinary course of business in transactions exempt from registration, normally to qualified institutional buyers. As of July 31, 2025, these securities had a total aggregate market value of $20,192,682, representing 7.35% 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:** Grandeur Peak Global Trust

- **b. Investment Company Act file number:** 811-23852

- **c. CIK number of Registrant:** 0001965454

- **d. LEI of Registrant:** 54930009SEWTYKGXPE05

- **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:** 631-470-2688

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

- **a. Name of Series:** GRANDEUR PEAK INTERNATIONAL OPPORTUNITIES FUND

- **b. EDGAR series identifier (if any):** S000080374

- **c. LEI of Series:** 54930009UGDMFYVDFP03

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

- **a. Date of fiscal year-end:** 2026-04-30

- **b. Date as of which information is reported:** 2025-07-31

**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:** $275464900.38

**Total Liabilities:** $683251.86

**Net Assets:** $274781648.52

**Cash Not Reported:** $515031.19

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000242732 | 5.41%                | 5.14%                | -2.30%               |
| Class ID C000242731 | 5.35%                | 5.07%                | -2.27%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $807926.04               | $14571511.58                               |
| Month 2  | $4515803.11              | $9228039.55                                |
| Month 3  | $3304495.78              | $-9359507.56                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Addtech AB                                          | AddTech AB                                    | CUSIP: W4260L147<br>LEI: 549300QZ5U2IDRHPWL60 | Long             | EC               | CORP              | SE        |     42085 | NS      | $1418936.11   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Sword Group SE                                      | Sword Group                                   | CUSIP: F91829105<br>LEI: 222100GEODKMZ0FFWK29 | Long             | EC               | CORP              | LU        |     30387 | NS      | $1261209.69   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Icon PLC                                            | ICON plc                                      | CUSIP: G4705A100<br>LEI: 6354008SRQGEMC4XFI67 | Long             | EC               | CORP              | US        |      7245 | NS      | $1225781.55   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| SCHOTT Pharma AG & Co KGaA                          | Schott Pharma AG & Co                         | CUSIP: D6T79R108<br>LEI: 529900TU48UE99NHEY88 | Long             | EC               | CORP              | DE        |     56337 | NS      | $1530966.66   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Patria Investments Limited                          | Patria Investments Limited Class A            | CUSIP: G69451105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    134457 | NS      | $1875675.15   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Hennge K K                                          | Hennge KK                                     | CUSIP: J20457107<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    406300 | NS      | $4529293.61   | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Thermador Groupe                                    | Thermador Groupe                              | CUSIP: F91651194<br>LEI: 969500SSIGMAGT008F11 | Long             | EC               | CORP              | FR        |     12251 | NS      | $1144247.32   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Spinneys 1961 Holding PLC                           | Spinneys 1961 Holding PLC                     | CUSIP: M8559F100<br>LEI: N/A                  | Long             | EC               | CORP              | AE        |   3642802 | NS      | $1586759.01   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Rakus Co Ltd.                                       | Rakus Co Ltd                                  | CUSIP: J6S879103<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    131100 | NS      | $2034391.29   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Richelieu Hardware Ltd.                             | Richelieu Hardware, Ltd.                      | CUSIP: 76329W103<br>LEI: 5493007VPNETW465DN04 | Long             | EC               | CORP              | CA        |     53036 | NS      | $1327048.30   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Mensch & Maschine Software AG                       | Mensch und Maschine Software S                | CUSIP: D5345W108<br>LEI: 391200KPS0L1YQ88JY41 | Long             | EC               | CORP              | DE        |     43611 | NS      | $2554515.07   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Beijer Ref AB                                       | Beijer Ref AB                                 | CUSIP: W14029123<br>LEI: 549300PZZEUVH08H4G75 | Long             | EC               | CORP              | SE        |    144816 | NS      | $2432427.64   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Proya Cosmetics Co Ltd.                             | Proya Cosmetics Co Ltd                        | CUSIP: Y7S88X100<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |    156760 | NS      | $1785054.92   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Recordati Industria Chimica e Farmaceutica S.p.A.   | Recordati SpA                                 | CUSIP: T78458139<br>LEI: 815600FBF92FD3531704 | Long             | EC               | CORP              | IT        |     68100 | NS      | $3918976.94   | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Pinnacle Investment Management Group Ltd.           | Pinnacle Investment Management Group          | CUSIP: Q75485104<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |    221031 | NS      | $3178891.96   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Descartes Systems Group Inc.                        | Descartes Systems Group                       | CUSIP: 249906108<br>LEI: 875500NEPA7JI5EOMN45 | Long             | EC               | CORP              | CA        |     19900 | NS      | $2102454.53   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| DiaSorin S.p.A.                                     | Diasorin SPA                                  | CUSIP: T3475Y104<br>LEI: 8156002878BDF0EE4348 | Long             | EC               | CORP              | IT        |     11372 | NS      | $1112788.76   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Visional Inc.                                       | Visional Inc                                  | CUSIP: J94590106<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     80900 | NS      | $6370860.25   | 2.32%             |  |  |  | No            |                  1 | On Loan: No      |
| CVS Group PLC                                       | CVS Group plc                                 | CUSIP: G27234106<br>LEI: 213800J41XDQ2NX48O05 | Long             | EC               | CORP              | GB        |    258474 | NS      | $4191839.30   | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Solum Co.  Ltd.                                     | SOLUM Co Ltd                                  | CUSIP: Y806G2101<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |    100247 | NS      | $1188230.80   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Insource Co Ltd                                     | Insource Co Ltd                               | CUSIP: J2467H104<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    425400 | NS      | $2603844.98   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Swedencare Ab                                       | Swedencare AB                                 | CUSIP: W942AH117<br>LEI: 549300FZT7YIF6SWX789 | Long             | EC               | CORP              | SE        |    286619 | NS      | $1111317.94   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Allfunds Group Plc                                  | Allfunds Group Plc                            | CUSIP: G0236L102<br>LEI: 9598005U8TZQ8Q64SC71 | Long             | EC               | CORP              | GB        |    394997 | NS      | $2751178.01   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Elmos Semiconductor Se                              | Elmos Semiconductor AG                        | CUSIP: D2462G107<br>LEI: 529900UMKKDCAP4P4H63 | Long             | EC               | CORP              | DE        |     39688 | NS      | $3987832.84   | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Aspirasi Hidup Indonesia Tbk PT                     | Aspirasi Hidup Ind                            | CUSIP: Y000CY105<br>LEI: 529900WER46RYFNZER60 | Long             | EC               | CORP              | ID        |  45770600 | NS      | $1307016.34   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Swedish Logistic Property AB                        | Swedish Logistic                              | CUSIP: W9545H142<br>LEI: 254900AWRHP1QNE6OQ19 | Long             | EC               | CORP              | SE        |    421609 | NS      | $1707947.96   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Philippine Seven Corp.                              | Philippine Seven Corp                         | CUSIP: Y6955M106<br>LEI: N/A                  | Long             | EC               | CORP              | PH        |   1836800 | NS      | $1672974.74   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| HPSP Co Ltd.                                        | HPSP Co Ltd                                   | CUSIP: Y3R2Z4107<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     97689 | NS      | $1880816.91   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Asia Vital Components Co Ltd                        | Asia Vital Components Co., Ltd.               | CUSIP: Y0392D100<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     33000 | NS      | $1017946.66   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Dermapharm Holding SE                               | Dermapharm Holding SE                         | CUSIP: D1T0ZJ103<br>LEI: 5299009F0KNZINQQQK37 | Long             | EC               | CORP              | DE        |     66995 | NS      | $2562608.47   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Tatton Asset Mgmt Plc                               | Tatton Asset Mgmt                             | CUSIP: G86841106<br>LEI: 213800G2F8I1N7HTVP88 | Long             | EC               | CORP              | GB        |    289542 | NS      | $2791411.25   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Voltronic Power Technology Corp.                    | Voltronic Power Technology                    | CUSIP: Y937BE103<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     45000 | NS      | $1774614.00   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Aritzia Inc                                         | Aritzia Inc                                   | CUSIP: 04045U102<br>LEI: 549300U83HKFRL1EX527 | Long             | EC               | CORP              | CA        |     48501 | NS      | $2603218.37   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Selamat Sempurna  Tbk PT                            | Selamat Sempurna Tbk PT                       | CUSIP: Y7139P148<br>LEI: N/A                  | Long             | EC               | CORP              | ID        |  10127300 | NS      | $1221379.82   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Crowdworks Inc. (Japan)                             | CrowdWorks Inc                                | CUSIP: J0839R107<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    275500 | NS      | $2064505.22   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Petershill Partners Plc                             | Petershill Partners PLC                       | CUSIP: G52314104<br>LEI: 213800HTCF8A7XM22A32 | Long             | EC               | CORP              | GB        |    837308 | NS      | $2598618.33   | 0.95%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Sporton International Inc                           | Sporton International, Inc.                   | CUSIP: Y8129X109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    891338 | NS      | $4781089.13   | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Bouvet Asa                                          | Bouvet ASA                                    | CUSIP: R13781100<br>LEI: 5967007LIEEXZXFMBC26 | Long             | EC               | CORP              | NO        |    181033 | NS      | $1322024.81   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Planisware SA                                       | Planisware SAS                                | CUSIP: F7S918135<br>LEI: 969500356FAUM2X41Q59 | Long             | EC               | CORP              | FR        |     74147 | NS      | $1803301.10   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| X-FAB Silicon Foundries SE                          | X-Fab Silicon Foundries S.E.                  | CUSIP: B9901Z101<br>LEI: 5493003UDPENPUQBJH65 | Long             | EC               | CORP              | BE        |    265552 | NS      | $1939032.93   | 0.71%             |  |  |  | Yes           |                  1 | On Loan: No      |
| ICG PLC                                             | Intermediate Capital Group PLC                | CUSIP: G4807D192<br>LEI: 549300OGASR5WRKJ8R68 | Long             | EC               | RF                | GB        |     65298 | NS      | $1878222.98   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Indigo Paints Ltd.                                  | Indigo Paints Ltd                             | CUSIP: Y3939M104<br>LEI: 3358007YDYB5P8I6HB69 | Long             | EC               | CORP              | IN        |    162298 | NS      | $2225986.85   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| FRP Advisory Group Plc                              | FRP Advisory Group PLC                        | CUSIP: G371BX103<br>LEI: 213800IPCG6DE1CVLY36 | Long             | EC               | CORP              | GB        |    832197 | NS      | $1406777.81   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Asia Commercial Joint Stock Bank                    | Asia Commercial Bank JSC                      | CUSIP: Y0324N101<br>LEI: 5493001VSLUXY7LJS086 | Long             | EC               | CORP              | VN        |   3049107 | NS      | $2676492.67   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| AZoom co Ltd.                                       | AZOOM Co Ltd                                  | CUSIP: J03827102<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     22600 | NS      | $1270925.90   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| SJS Enterprises Ltd.                                | SJS Enterprises Ltd                           | CUSIP: Y8066B102<br>LEI: 984500E74D93F3F04562 | Long             | EC               | CORP              | IN        |    213927 | NS      | $3000607.07   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Dino Polska SA                                      | Dino Polska SA                                | CUSIP: X188AF102<br>LEI: 259400H4L81SMPRTW956 | Long             | EC               | CORP              | PL        |    186670 | NS      | $2471298.99   | 0.90%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Volution Group PLC                                  | Volution Group PLC                            | CUSIP: G93824103<br>LEI: 213800EPT84EQCDHO768 | Long             | EC               | CORP              | GB        |    960521 | NS      | $8499063.26   | 3.09%             |  |  |  | No            |                  1 | On Loan: No      |
| ADV Med Solutions                                   | Advanced Medical Solutions Gro                | CUSIP: G0098X103<br>LEI: 213800HJP6OWOSZI1L74 | Long             | EC               | CORP              | GB        |    802191 | NS      | $2140023.53   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Gulf Oil Lubricants Ltd                             | Gulf Oil Lubricants India Ltd.                | CUSIP: Y6985P111<br>LEI: 3358009J8O762GKOHS20 | Long             | EC               | CORP              | IN        |    175106 | NS      | $2419266.21   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Kitz Corp                                           | Kitz Corp                                     | CUSIP: J34039115<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    260100 | NS      | $2194034.25   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Renew Holdings                                      | Renew Holdings PLC                            | CUSIP: G7490A102<br>LEI: 213800O3DC3V4WYA2E09 | Long             | EC               | CORP              | GB        |    209958 | NS      | $2337488.03   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Qualitas Limited                                    | Qualitas Ltd                                  | CUSIP: Q7S90A105<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |    456469 | NS      | $1056030.08   | 0.38%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Eurofins Scientific SE                              | Eurofins Scientific                           | CUSIP: L31839134<br>LEI: 529900JEHFM47DYY3S57 | Long             | EC               | CORP              | FR        |     45712 | NS      | $3513738.11   | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Corporacion Inmobiliaria Vesta S A B De C V         | Vesta Real Estate Corporation ADR             | CUSIP: 92540K109<br>LEI: 4469000001BIRIFZJ959 | Long             | EC               | CORP              | US        |     64778 | NS      | $1819614.02   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Puregold Price Club Inc.                            | Puregold Price Club Inc                       | CUSIP: Y71617107<br>LEI: N/A                  | Long             | EC               | CORP              | PH        |   2076400 | NS      | $1427324.28   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Centre Testing International Group Co Ltd.          | Centre Testing Int                            | CUSIP: Y1252N105<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |   1598400 | NS      | $2701664.95   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Riverstone Holding Ltd.                             | Riverstone Holdings Ltd.                      | CUSIP: Y7302Q105<br>LEI: N/A                  | Long             | EC               | CORP              | SG        |   3378700 | NS      | $1834581.17   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Jeol Ltd                                            | Jeol Ltd.                                     | CUSIP: J23317100<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     47900 | NS      | $1391315.30   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Topicus Com Inc                                     | Topicus.com, Inc.                             | CUSIP: 89072T102<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     12200 | NS      | $1672921.48   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Sigmaxyz Holdings Inc                               | SIGMAXYZ Holdings Inc                         | CUSIP: J7550V100<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    304000 | NS      | $2441370.35   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| PT Cisarua Mountain Dairy Tbk                       | Cisarua Mountain Dairy PT TBK                 | CUSIP: Y163EZ106<br>LEI: N/A                  | Long             | EC               | CORP              | ID        |   3509700 | NS      | $1064062.40   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Pollen Street Group Ltd.                            | Pollen Street Group Ltd                       | CUSIP: G7151H107<br>LEI: 894500LP94M98N8CY487 | Long             | EC               | CORP              | GG        |     94271 | NS      | $1050775.54   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Sinbon Electronics Co., Ltd.                        | Sinbon Electronics Co., Limited               | CUSIP: Y7989R103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    349000 | NS      | $2845932.76   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Redcare Pharmacy N.V                                | Redcare Pharmacy N.V.                         | CUSIP: N7975Z103<br>LEI: 529900JK6UXHY1YKZ082 | Long             | EC               | CORP              | NL        |     20287 | NS      | $2261961.12   | 0.82%             |  |  |  | Yes           |                  1 | On Loan: No      |
| 2G Energy Ag                                        | 2G Energy AG                                  | CUSIP: D8453H103<br>LEI: 529900GC2NUJ6F0TSK26 | Long             | EC               | CORP              | DE        |     48438 | NS      | $2013180.18   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| ASPEED Technology Inc.                              | ASPEED Technology, Inc.                       | CUSIP: Y04044106<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     13000 | NS      | $1981150.99   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| DPC Dash Ltd.                                       | DPC Dash LTD.                                 | CUSIP: G2R04S104<br>LEI: 254900OG7TEI5GQICO05 | Long             | EC               | CORP              | VG        |    181000 | NS      | $1959877.60   | 0.71%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Inter Cars SA                                       | Inter Cars SA                                 | CUSIP: X3964A109<br>LEI: 2594008ZF17JSW0OV865 | Long             | EC               | CORP              | PL        |      8831 | NS      | $1350349.05   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Ma Financial Group Ltd                              | MA Financial Group Ltd                        | CUSIP: Q57129100<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |    442352 | NS      | $2322483.03   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| AB Dynamics Plc                                     | AB Dynamics PLC                               | CUSIP: G0032G109<br>LEI: 213800OFXZP4A7I47K43 | Long             | EC               | CORP              | GB        |     62272 | NS      | $1188365.56   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Mateus SA                                     | Grupo Mateus SA                               | CUSIP: P5R16Z107<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |   1283700 | NS      | $1671162.01   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Tokyo Seimitsu Co Ltd                               | Tokyo Seimitsu Company Limited                | CUSIP: J87903100<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     33300 | NS      | $2108936.70   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| S&S Tech Corporation                                | S&S Tech Corp                                 | CUSIP: Y8T37R177<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     52985 | NS      | $1907274.59   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| B&M European Value Retail SA                        | B & M European Value Retail SA                | CUSIP: L1175H106<br>LEI: 213800UK7ZRLY2K1X530 | Long             | EC               | CORP              | GB        |   1424092 | NS      | $4220367.74   | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| ATOSS Software SE                                   | Atoss Software AG                             | CUSIP: D0426N101<br>LEI: 529900Q9G9280ADNOA39 | Long             | EC               | CORP              | DE        |     23621 | NS      | $3177156.66   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Marex Group Plc                                     | Marex Group PLC                               | CUSIP: G5S37H101<br>LEI: 549300DWX0SVICJAL507 | Long             | EC               | CORP              | GB        |     73747 | NS      | $2845159.26   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Japan Elevator Service Hldgs Co Ltd                 | Japan Elevator Service Holdings Company Ltd.  | CUSIP: J2S19B100<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    164800 | NS      | $4442564.03   | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Softcat PLC                                         | Softcat plc                                   | CUSIP: G8251T108<br>LEI: 213800N42YZLR9GLVC42 | Long             | EC               | CORP              | GB        |    119192 | NS      | $2570530.06   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| JFrog Ltd                                           | JFrog Ltd.                                    | CUSIP: M6191J100<br>LEI: N/A                  | Long             | EC               | CORP              | IL        |     45953 | NS      | $1994819.73   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Ewell Co Ltd.                                       | eWeLL Co Ltd                                  | CUSIP: J23835101<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     65600 | NS      | $1034502.70   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Charm Care Corporation                              | Charm Care Corp KK                            | CUSIP: J0625A102<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    158000 | NS      | $1393556.77   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Uls Group Inc                                       | ULS Group Inc                                 | CUSIP: J94062106<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     59900 | NS      | $2903756.12   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| iFAST Corporation Ltd.                              | iFast Corporation                             | CUSIP: Y385EU106<br>LEI: 254900R8J6BPHWK23Z14 | Long             | EC               | CORP              | SG        |    312600 | NS      | $2181299.77   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Neurones                                            | Neurones SA                                   | CUSIP: F6523H101<br>LEI: 9695008Y07TSG8SZCG57 | Long             | EC               | CORP              | FR        |     21422 | NS      | $1057891.64   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Marklines Co Ltd                                    | MarkLines Company Ltd.                        | CUSIP: J3971M100<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    238100 | NS      | $3139002.88   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| JTC PLC                                             | JTC plc                                       | CUSIP: G5211H117<br>LEI: 213800DVUG4KLF2ASK33 | Long             | EC               | CORP              | JE        |    722678 | NS      | $8961894.37   | 3.26%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Vimian Group AB                                     | Vimian Group AB                               | CUSIP: W981A4114<br>LEI: 549300OQ8R5TCAP0BS18 | Long             | EC               | CORP              | SE        |    921655 | NS      | $3146997.50   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Ashtead Technology Holdings PLC                     | Ashtead Technology Holdings plc               | CUSIP: G0609Y103<br>LEI: 213800LHEWVY66RPGR58 | Long             | EC               | CORP              | GB        |    308581 | NS      | $1369297.62   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Kulicke and Soffa Industries, Inc.                  | Kulicke & Soffa Industries, Inc.              | CUSIP: 501242101<br>LEI: 529900H6BEIRBF429744 | Long             | EC               | CORP              | US        |     49328 | NS      | $1615985.28   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Maruwa Co Ltd                                       | Maruwa Co Ltd/Aichi                           | CUSIP: J40573107<br>LEI: 3538009BXGIG8PFXNI29 | Long             | EC               | CORP              | JP        |      6700 | NS      | $2041182.01   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Diploma PLC                                         | Diploma plc                                   | CUSIP: G27664112<br>LEI: 2138008OGI7VYG8FGR19 | Long             | EC               | CORP              | GB        |    118547 | NS      | $8422911.52   | 3.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Motherson Sumi Wiring India Ltd.                    | Motherson Sumi Wiring India Lt                | CUSIP: Y613MV100<br>LEI: 335800Y5S92WUOZT3C60 | Long             | EC               | CORP              | IN        |   3732763 | NS      | $1582823.56   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Plus Alpha Consulting Co Ltd.                       | Plus Alpha Consulting                         | CUSIP: J63934103<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    130900 | NS      | $2000905.21   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Melexis NV                                          | Melexis NV                                    | CUSIP: B59283109<br>LEI: 549300QRPSGOJRPUFO80 | Long             | EC               | CORP              | BE        |     55317 | NS      | $4263413.45   | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Vietnam Technological & Commercial Joint Stock Bank | Vietnam Technological & Comm Joint-stock Bank | CUSIP: Y937GK104<br>LEI: 5493001XNKHV3FNIUD50 | Long             | EC               | CORP              | VN        |   1335046 | NS      | $1732370.20   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Rvrc Holding Ab                                     | RVRC Holding AB                               | CUSIP: W7282E108<br>LEI: 549300YU7003VHQV3J57 | Long             | EC               | CORP              | SE        |    268300 | NS      | $1221482.99   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Ipd Group Limited                                   | IPD Group Ltd/Australia                       | CUSIP: Q496BN109<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |    446884 | NS      | $1013752.66   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Five Star Business Finance Ltd                      | Five-Star Business                            | CUSIP: Y2576G131<br>LEI: 335800SDB5FANSP25Z85 | Long             | EC               | CORP              | IN        |    277651 | NS      | $1884376.23   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Kotobuki Spirits Co Ltd.                            | Kotobuki Spirits Co Ltd                       | CUSIP: J36383107<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    102200 | NS      | $1377518.34   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Virbac SA                                           | Virbac SA                                     | CUSIP: F97900116<br>LEI: 969500QQ1X5XHG649644 | Long             | EC               | CORP              | FR        |     13145 | NS      | $5215674.24   | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Elixirr International Plc                           | Elixirr International PLC                     | CUSIP: G3002J103<br>LEI: 213800MKY7OHMVAKW681 | Long             | EC               | CORP              | GB        |    145575 | NS      | $1422682.25   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Baycurrent Inc.                                     | BayCurrent Consulting, Inc.                   | CUSIP: J0433F103<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     59700 | NS      | $3434866.11   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Silergy Corporation                                 | Silergy Corp                                  | CUSIP: G8190F102<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    677996 | NS      | $7364103.34   | 2.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Hill & Smith PLC                                    | Hill & Smith Holdings PLC                     | CUSIP: G45080101<br>LEI: 2138003A3ISGQZBOWI83 | Long             | EC               | CORP              | GB        |    104530 | NS      | $2823083.07   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Regional Sab De Cv                                  | Regional SAB de cv                            | CUSIP: P8008V109<br>LEI: N/A                  | Long             | EC               | CORP              | MX        |    342900 | NS      | $2651395.48   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Sdiptech AB (publ)                                  | Sdiptech AB Series B                          | CUSIP: W8T88U113<br>LEI: 549300JBO7VTEGMRW310 | Long             | EC               | CORP              | SE        |    113491 | NS      | $2286598.44   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Leeno Industrial                                    | LEENO Industrial Inc.                         | CUSIP: Y5254W104<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     39396 | NS      | $1347494.73   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Interpump Group S.p.A.                              | Interpump Group SpA                           | CUSIP: T5513W107<br>LEI: 815600C79D0F31F4D395 | Long             | EC               | CORP              | IT        |    124502 | NS      | $5112002.65   | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Integral Corp.                                      | Integral Corp                                 | CUSIP: J2401C104<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    267000 | NS      | $6188343.04   | 2.25%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-09-29

**Name of Applicant:** Grandeur Peak Global Trust

**Signature:** Grandeur Peak Global Trust

**Name of Signer:** Sarah Criger

**Title:** VP, Fund Accounting